diff --git "a/reddit_finance_43_250k_304.txt" "b/reddit_finance_43_250k_304.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_304.txt" @@ -0,0 +1,10000 @@ +Opensea, an NFT marketplace on Ethereum, saw a revenue of $1.5b in 2021 with the emergence of NFTs. + +&#x200B; + +&#x200B; + +https://preview.redd.it/kkgktdovo4f81.png?width=800&format=png&auto=webp&s=0fc1a89d4b528841edba4038faf655798a8dc158 + + + +#### Layer 2s on Ethereum + +Layer 2 protocols are taking traction, benefitting from Ethereum’s **reliability and security**. In the future, Ethereum may be a consensus layer for an extensive array of layer 2s that inherit low gas fees and fast TPS speeds. + +Some top names are Polygon (MATIC), Optimism, Arbitrum, Loopring (LRC), and ZkSync. + +#### Creator Earnings + +Typically, creators on centralized networks like YouTube, Spotify, Etsy, and OnlyFans, only capture a portion of the revenue they create. As the creator economy on Ethereum begins to evolve, many creators will start to see the benefits of capturing a larger percentage of value utilizing a decentralized network. NFTs for artists is a prime example. Ethereum, as a whole, competes with prominent names in creator economies. + +&#x200B; + +https://preview.redd.it/bj90vk8xo4f81.png?width=800&format=png&auto=webp&s=14b7da6a2f6ce455e71cba02cdddbd46535a31c1 + + + +#### Eth Burning and Deflationary Pressures + +EIP — 1559 upgrade has been burned 1.7 million ETH + +at a valuation of $4.6 billion since early Aug 2021. Before EIP-1559, all ETH would remain on the network. Now, supply decreases with every transaction. + +&#x200B; + +https://preview.redd.it/p137lguyo4f81.png?width=800&format=png&auto=webp&s=177950e27231b4b6e071da3636bd78f1faa1757a + + Even though Ethereum remains inflationary, the increasing demand sees days of negative issuance. With ETH continuously being locked away, bought for speculation, and utilized for gas fees, Ethereum’s deflationary pressures will exceed new supply. + +&#x200B; + +https://preview.redd.it/b9548ab0p4f81.png?width=800&format=png&auto=webp&s=33d952ac0f6b1adc67a4015195e051ad01038bfd + +&#x200B; + + + +#### Conclusion + +Ethereum remains far ahead of its competition in almost all metrics. [Moreover, it attracted the highest number of developers in 2021](https://medium.com/coinmonks/electric-capital-developer-report-recap-where-are-the-crypto-developers-going-and-why-its-3855aa5dd1d8) that continue to build the ecosystem. + +There are a few negatives for Ethereum, no doubt. Ethereum is slow, and gas fees are incredibly high. In addition, environmental mandates are beginning to add pressure to the “proof of work” consensus. But, Ethereum contains scheduled upgrades that will improve speed, lower gas fees, and see a switch to an eco-friendly “proof of stake.” Ethereum Consensus Network (formerly Eth 2.0) will be near completion in approximately one year. + +So, what are we left with? + +* The largest and fastest-growing ecosystem in crypto +*  Significant deflationary pressures +* The emergence of Layer 2 options  +*  Dwindling supply +*  Hammered down ETH prices +*  Upcoming improvement upgrades to the network +*  The emergence of creator economy (NFTS, DAOs, music, writers, games) + +[It’s no wonder Cathie Wood and her team of quants forecast an ETH price of 180k by 2030](https://www.nasdaq.com/articles/cathie-wood%3A-ethereum-will-reach-%2420-trillion-market-cap-by-2030). + +2022 will be an important year for [Ethereum upgrades](https://etherworld.co/2021/12/02/ethereums-latest-roadmap/). In the past, upgrades are often delayed and I expect no different this time. But, the process seldom detriments the network. So… + +At its current price of $2680, Ethereum could be a complete steal, **and far as the risk/reward ratio, it remains one of the best crypto investments**. + +&#x200B; + + + +### Gabi + +*Follow me on* [*Medium*](https://medium.com/@TraderGabi) *or subscribe to this FREE daily newsletter on* [*Substack*](https://tradergabi.substack.com/) *to receive it first!* +Edit 1: Thanks for all the great advise! I think I will sit down tonight and put it all on paper. + +Edit 2: Downloaded mint. It looks like we should be able to live off about $3400 per month, still living comfortably. Now time to keep on budget! + +Edit 3: WOW this got a lot bigger than I thought it would. My definition of paycheck to paycheck might be a little off. To clarify I pay off some of my student loans and cc debt every month, contribute 5% to my 401k, and my account has never gone to zero but it gets close. + +I do live way above my means. That's what I'm trying to stop. I would love to live off 50k and put the rest in the bank which is completely doable. + +I'm just bad with money. I never look at my accounts to see what I spend. It's probably something I got from my parents because they spent money like nothing too. + +I really appreciate all the helpful info! If anyone ever needs tips on how to blow money, I'm happy to help! + +Edit 4: Front Page! Glad my financial problems are now the talk of the inter web. Also, thanks for not calling out my bad spelling! + +Edit 5: I pay taxes, just like most people who don't live with their parents. I do not take home $100k, I probably net about 65% (estimate). This seems to be a big confusion for people. +Bid Bith and Biyond. + +&#x200B; + +[They announced they are buying back 1 billion dollars worth of their stock before the end of the year.](https://www.nasdaq.com/articles/bed-bath-beyond-bbby-up-on-kroger-deal-share-buyback-plan-2021-11-03) + +And what happened when this was announced on November the 3rd of 2021? Their stock jumped from $16.62 to $30.21, GME went from $207 and licked $255. So what happens when Bid Bith and Biyond buys back $1,000,000,000 worth of stock? Because these stocks are shorted in the same basket, GME goes to the moon as well. All happening before the end of the year. +The penalty is Beijing’s toughest action to date in its campaign to tighten supervision of the country’s internet Goliaths. + +Beijing’s market watchdog began investigating Alibaba in December for potential antitrust violations including preventing merchants from selling their goods on other shopping platforms. On Saturday, the regulator said its investigation had concluded that Alibaba had hindered competition in online retail in China, affected innovation in the internet economy and harmed consumers’ interests. + +Alibaba said in a statement that it would accept the penalty “sincerely” and would strengthen its internal systems “to better carry out its social responsibilities.” + +Skepticism about the clout of large internet companies has been on the rise in the United States and Europe, too. Western regulators have repeatedly fined Goliaths such as Google in recent years for various antitrust violations. But such penalties generally have not changed the nature of the companies’ businesses enough to mitigate concerns about their power. + +Source: +New York Times: https://www.nytimes.com/2021/04/09/technology/china-alibaba-monopoly-fine.html + +Wallstreet Journal: https://www.wsj.com/articles/alibaba-hit-with-record-2-8-billion-antitrust-fine-by-chinas-market-regulator-11618018830 +Hello, + +My parents (58&65) are both looking to invest £20,000 each after selling a property they owned. I (24) follow a boglehead method of investing and and deposit money monthly into Vanguards FTSE Global All Cap Acc. fund. They are looking to put away the money for 5-10 years, ready for retirement. + +I have suggested opening a stocks & share ISA, however am unsure on the advice to give them in regards to bonds/stock, retirement dated funds, cold hard cash etc..., as I am at a completely different stage of investing and haven't had to do any of that research before. + +I wouldn't really call myself a 'stock guy' - therefore what would you recommend for their portfolio, and where should I start my research to help guide them? In addition, would you even recommend investing in the current climate? + +Many thanks +Hi, + +I have read through the flowchart but would appreciate some more input if that's okay. + +Basically I am a 33 year old childless male with £250k in my current account. I currently rent a room from a friend for £320 a month, my total expenses for the month are around £600. I work full time and earn £30k a year. + +I feel like I should be doing more with my money, my dad thinks I should buy a house but I'm not sure if this is a good time to buy with brexit coming up. And also I have no real "need" for my own house, I live a pretty spartan lifestyle, the most expensive thing I own is a laptop. + +I've not really thought about retiring early, I mean it sounds nice but it's not really a "goal" for me, basically I am a bit lost as to what I should be doing, I guess I want to continue to allow myself to continue to options and I feel my money is currently not in the best place for that. + +Would appreciate any advice +Currently its: BTC, ETH, XRP, BNB, DOGE + +There are more joke coins and centralized projects in the top 5 than there are decentralized cryptos with use cases. + +Now I have no hate for XRP and BNB investment wise but morally it goes against the theme of crypto about being free from control from centralized parties. I think XRP has good investment potential though, and I have a little bit of BNB personally to use "Defi" without much fees. + +And you know doge. I'm happy it brought many people to crypto but isn't it a bit alarming to see a meme coin worth more than ADA or DOT? + +I know I'm going to get massively downvoted. I'm ready. +Hey - first post! I'm 28/f making 90k a year with 0 debt, 30k in savings and 3k in a Roth IRA. I always think I'm doing really well (especially compared to my friends who can't save a dollar) but still don't understand how anyone can afford to buy a house or pay for a wedding! Either would totally wipe me out - let alone both. I can't decide what my plan should be to set myself up for both those things in the next few years (my boyfriend is a student with little to no income... Oh and I live in NYC.) Any advice is much appreciated! +It's been some days i read circle post praising the decision of the president Bukele to buy Bitcoin, and i am sick of it. + + +First of all, Bukele is a dictator who has been using institution to concentrate all power in his own hand : [https://www.economist.com/the-americas/2020/05/07/nayib-bukeles-power-grab-in-el-salvador](https://www.economist.com/the-americas/2020/05/07/nayib-bukeles-power-grab-in-el-salvador) +[https://www.nytimes.com/2021/11/23/world/americas/el-salvador-bukele-raids.html](https://www.nytimes.com/2021/11/23/world/americas/el-salvador-bukele-raids.html) + + +He uses the powers he has concentrated to enrich himself on the backs of Salvadorans. The economic policy that he leads in his country is disconnected from reality and is certainly a vast scam for his own enrichment. + +Then, 41.6% of the population lives below the poverty line, the country has a Gini coefficient of 0.47. His repeated purchases of bitcoin in a country with limited resources risks plunging the economy into an even worse state than it already is. + +Finally, we are not talking about an individual investing his money in a risky way, we are talking about a leader betting his country's economy (in short the wealth of his population) in something risky and very volatile. + +He is most certainly plunging his country into an unprecedented economic crisis: [https://fortune.com/2022/01/19/el-salvador-bitcoin-economy-distressed-debt/](https://fortune.com/2022/01/19/el-salvador-bitcoin-economy-distressed-debt/) + +His actions will have real consequences if the country goes into an economic crisis. Unemployment, suicide, poverty and its consequences. + +So please stop throwing flowers at this guy. + +Bitcoin was created by crytpo-anarchists who abhor this kind of person. Let's not forget that and let's not glorify dictators who want to use Bitcoin to get rich on the backs of their people. +Hi all, I am posting on behalf of my mom. I recently started talking to her about her finances and retirement savings. She makes an effort and has been contributing but is not financially savvy, so we've been digging into her documents. + +Her 401k statements correctly reflect her elected deferral of 15% of her salary going into her 401k since she started her job 9.5 years ago. + +What I didn't see was her matching - per her contract they are supposed to match up to 6% at 100% (so contributing 6% of her salary). Her pay stubs DO show 401k match of an appropriate amount in the employer contribution section, the money just isn't in the 401k account. + +I asked Mom about that and she managed to dredge out a decade-old email from the person who handled their HR back then. She emailed them a few months into the job saying she'd gotten her first quarterly 401k statement and it didn't show her retirement matching. The HR rep replied to the email saying that the matching wouldn't be shown on her retirement account statement, and as long as she sees it on her pay stub then she can rest assured she's receiving it, and the HR rep went on in this email to give her the advice to not read too much into her statements, that 401ks are set-it-and-forget-it and to let them worry about the math.. + +While I wish she had dug into it more, she was a recent immigrant to the U.S. without much knowledge of the system and her English wasn't great, so she basically trusted the HR rep and didn't worry about it. + +Anyway, I had her check with her HR folks NOW, who initially brushed it off saying it's in the same 401k account and should be shown on her statements. After some confusing back and forth I had her send them a copy of her statement and that it doesn't reflect the matching contribution. Upon seeing the actual statement they realized something was wrong and confirmed that indeed they have NOT been contributing the matching to the 401k account. They have told us they are still looking into the details of how that happened and "whether there is anything we can do about it after the fact." They have started the contributions now (I confirmed the that employer matching contributions appear in the account for June) but the question is - what about the last 10 years? + +Based on her annual salaries for the time she's worked here, 6% is almost $40k outright. However, if the funds had been invested they likely would've grown quite a bit beyond that. + +Obviously I'm hoping they'll have a fair and reasonable solution, but I wanted a take from you all: what would be reasonable to expect? Is there a particular outcome we should ask for? +Hi! I’m currently reading papers and articles about reinforcement learning application in portfolio management. +Usually, PnL is used as a reward function. Why not Sharpe ratio or VaR, which consider risk factor as well? +ALERT SMALL SPOILER ABOUR THE LOST + +OK. small post big meaning ! + +I don't remember the episode but it's easy to find . + +Do you remember how they open the hatch door get open . NO (LOL) . +THEY BLOW IT UP with dynamite. OK, how they found dynamite at a remote island ? +There was a pirate ship around there . PIRATES = DYNAMITE AND GUNPOWDER . + + +GUESS THE NAME OF THE PIRATE SHIP ! + +BLACK ROCK !!! ( [https://lostpedia.fandom.com/wiki/Black\_Rock](https://lostpedia.fandom.com/wiki/Black_Rock) ) + + +AND After that, they blow up the door with a stick of dynamite that they get from black rock . + +This can mean many things . It's up to you what hehehe ! + +EDIT1: 🦍💎👐=🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀 + +EDIT2: HERE COMES THE SILLS ATTACK ! + +EDIT3: HOLY MOLLY thanks for the awards . And I see some other Apes have noticed that and make a post about it . VERY GOOD WE ARE STROONG AF !!! +I've recently taken on a big interest in economics, more specifically being the finance aspect of it, and I have to say that I've learned a lot from the economics community here. However, there is one topic that I see comes up in the comments a lot, and it's a subject I don't quite understand in its relation to how it actually affects the economy. That subject being Wall Street. + +From what I understand, Wall Street is a colloquial term that represents the investment sector of America in its relation to the stock market and not just the physical place itself. Stocks are shares of companies. People who buy and sell stocks are investors. And hedge funds are investment firms. + +Stocks are a means of generating more revenue for a company. Company stock prices increase when the company does well because more investors want the stock, and decrease when it does bad because no one wants to invest in a crappy company. The investment sector gets hit hard when hedge funds and investors make bad investment decisions. + +So how does Wall Street's bad investment decisions end up affecting me? I neither work for an investment firm nor have any money in one. How does this eventually become my problem when it seems like the only money Wall Street is losing is its own? + +note: it's hard to convey attitude through text, and I've been told I have a "hostile" way of writing things. I don't know how to not do this, so understand that I'm not looking to argue with anyone. I'm making this thread to be educated. + + +He though it promoted waste and monopoly. From Capitalism and Freedom: + +>Let us suppose a corporation earns an income of $1 million over and above corporate taxes. If it pays the whole million dollars to its stockholders as dividends, they must include it as part of their taxable income. Suppose they would, on the average, have to pay 50 per cent of this additional income as income tax. They would then have available only $500,000 to spend on consumption or to save and invest. If instead the corporation pays no cash dividends to its stockholders, it has the whole million dollars to invest internally. Such reinvestment will tend to raise the capital value of its stock. Stockholders who would have saved the funds if distributed can simply hold the stock and postpone all taxes until they sell the stock. They, as well as others who sell at an earlier date to realize income for consumption, will pay tax at capital gains rates, which are lower than rates on regular income. + +>This tax structure encourages retention of corporate earnings. Even if the return that can be earned internally is appreciably less than the return that the stockholder himself could earn by investing the funds externally, it may pay to invest internally because of the tax saving. This leads to a waste of capital, to its use for less productive rather than more productive purposes. It has been a major reason for the post-World-War-II tendency toward horizontal diversification as firms have sought outlets for their earnings. It is also a great source of strength for established corporations relative to new enterprises. The established corporations can be less productive than new enterprises, yet their stockholders have an incentive to invest in them rather than to have the income paid out so that they can invest it in new enterprises through the capital market. +I've been pondering this for a while, supply and demand is a big lie. Prices are determined by money supply and peoples access to credit. Supply and demand are variations around this money supply price point. The reason college costs have exceeded inflation is due to student access to no recourse loans. If students could default on the loans, then the price would fall. Same with the housing bubble, it wasn't supply and demand, it was access to credit. Supply and demand doesn't even seem to be a factor in economics, it's all about money creation. Money creation is pricing. I've become convinced that economics as taught in college is a big lie. I don't recall any discussion at all about money supply or fractional reserve banking, yet by my thinking, these are the forces creating price points. The banks are the dominant force in modern society controlling all aspects of modern life. It has been a slow epiphany over time. Dissuade me with your advanced economics knowledge. +My mother this morning has received a default notice letter from a payday loan lender. She did not take out the loan and it’s obvious that a fraudster has used her name to take it out, she was a victim of fraud in the past and had a protective CIFAS in her name which expires this year so I don’t understand how this happened... We can’t call the lender until Monday because they’re closed on weekends, I was wondering if we can do anything about this? My mother is worried sick about this. + +We are in England. +Do you really think that GameStop would release an NFT just for shoppers who spend $200 and not release one to shareholders who are direct registering their shares and are becominginfinite hodlers? + + +They knew we would be early adopters of the GS Wallet. + + +They knew we would be early adopters of the NFT marketplace. + + +They know how fast we are DRSing our shares at an alarming rate. + + +Why on earth would they release NFTs to shoppers for a very low amount of spending ($200) while most of us have probably $10k wrapped up in $GME? + + +What’s even better? The DTCC said the stock dividend went off without. A. Hitch. + + +That means there will be no trouble giving NFTs to brokerages for shareholders on their platform. All stocks are accounted for, **including the ones as tokenized stocks on FTX, which could be tens of millions of shares that are backed up 1:1.** + + +Tinfoil theory: We will never have to sell our shares. Brokerages, DTCC, and who ever else is wrapped up in this will have to purchase the NFTs at whatever price we want and the money will be stored right in our GS Wallet. At some point, a debit card will be added to our wallet that we can use to spend in the real world. + + +This is genius. +That $20 I'm about to spend on something I don't need is $20 I won't be investing into ETFs... because in the long term that will be $100+ (excl inflation) + +Before: Small expenses here n there I can easily afford. + +After : These small expenses are worth an absolute fortune in the long term (when invested). + +So when I see something with a $20 price tag I consider how much is that truly costing me? Wake up call for someone who wastes a lot of money on conveniences. +I grew up in a poor house hold with uneducated parents who were in and out of work. I only entered the work force 4 years ago at the age of 23 and have worked my way up to a position where I’m now earning around $92k pre tax( much more than my parents ever did, even combined) The issue that I have is that I am constantly feeling like $90k is just not enough. + +I’d be interested in others experience with this feeling and how you overcame it ( outside of actually just earning more lol) +I hold university-level qualifications and have plenty of experience in my professional career. But I have always loved good old repetitive work. Does anyone feel the same way? + +By "repetitive work", I mean work where you do the same or similar tasks every day. There isn't a whole lot of learning to do. The systems and procedures are straight forward. Very little brainpower involved and you don't have to think creatively or outside the box. + +I work in the tech/finance space now (28 years old) and I guess most of my work is quite repetitive. But my favourite job is when I was working at a call centre in my university days (mainly customer service type stuff). I had a script, and would gladly grind away 7-8 hours reading the script over and over again. The only thing I hated was that it paid so poorly (I think about $30/hr).. + +But I never had to worry, could clock off at the end of the day, leave my work at work. Never had to worry about learning anything new. It was great beacuse I was able to immerse myself in my own "zone" and just do my own thing. +[https://www.bloomberg.com/news/articles/2018-08-14/goldman-sachs-is-said-to-have-had-no-mandate-when-musk-tweeted](https://www.bloomberg.com/news/articles/2018-08-14/goldman-sachs-is-said-to-have-had-no-mandate-when-musk-tweeted) + +Elon Musk’s announcement about his advisers might be as squishy as his funding. + +[Goldman Sachs Group Inc.](https://www.bloomberg.com/quote/GS:US) hadn’t been formally tapped as a financial adviser by [Tesla Inc.](https://www.bloomberg.com/quote/TSLA:US)’s chief executive officer when Musk [revealed plans](https://www.bloomberg.com/news/terminal/PD3O0DAIBMDH)last week to take the automaker private and said he’d secured the funding for the transaction, according to people with knowledge of the matter. The bank still hadn’t officially signed on when Musk [said on Twitter](https://www.bloomberg.com/news/articles/2018-08-14/musk-working-with-silver-lake-goldman-to-take-tesla-private-jkt0o4sj) late Monday that he’s working with Goldman Sachs and private-equity firm Silver Lake as financial advisers, the people said. + +Such a statement from a public company CEO typically signals a formal agreement. But Musk has shown a willingness to take an unusual approach, including tweeting last week that he had funding secured for a take-private deal. That declaration has prompted regulatory scrutiny and investor lawsuits. + +[Read more: Musk’s explanation unlikely to get SEC off his back](https://www.bloomberg.com/news/articles/2018-08-13/musk-s-belated-explanation-is-unlikely-to-get-sec-off-his-back) + +Conversations are ongoing between Goldman Sachs and Musk, said the people, asking not to be identified as the information isn’t public. + +### Informal Advice + +Silver Lake appears to be in a similar situation. The technology-focused firm isn’t working for Musk in an official capacity as a financial adviser and isn’t being compensated as a consultant, according to a person with knowledge of the matter. Instead, Tesla’s CEO is hoping to tap Silver Lake’s experience working on some of the biggest take-private transactions -- including Michael Dell’s $21.7 billion buyout of his namesake computer company and its subsequent $67 billion acquisition of EMC Corp. -- to help get a deal done, the person said. + +Each of those transactions involved the firm making an equity commitment to help fund the deal. While Silver Lake hasn’t committed any financing to Musk’s possible buyout of Tesla, the firm hasn’t ruled out potentially making an investment at some point, the person said. + +A spokesman for Goldman Sachs declined to comment. Representatives for Silver Lake and Tesla didn’t respond to requests for comment. + +Musk’s latest tweet came just hours after he said Saudi Arabia’s sovereign wealth fund had first approached him about helping take Tesla private early last year, and that the fund’s interest gave him the confidence to state publicly that he was thinking about the move. + +“I left the July 31st meeting with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving,” Musk [wrote](https://www.tesla.com/blog/update-taking-tesla-private) in a blog post Monday. + +Tesla’s board is in the process of selecting financial advisers to evaluate Musk’s proposal. It has [formed a special committee](https://www.bloomberg.com/news/articles/2018-08-14/tesla-go-private-effort-advances-with-board-panel-to-study-offer), according to a statement Tuesday, which will take legal advice from Latham & Watkins LLP and Wilson Sonsini Goodrich & Rosati. +When I purchase stocks I try to keep them no more than 3-5% of my Portfolio. I have just recently started to invest in ETF’s. Would you recommend treating the ETF’s the same with the 3-5% rule that I have been following? +Arkw out performs Arkk in returns but cost more. and ArkF and ArkK overlap. ArkF is cheap but doesn’t have any genomics. What two would you go for? if you could only pick 2 of them? I know Arkk Arkq and Arkw can overlap a lot. Might want to go with two but I’m not sure still. I differently don’t see the point in buy all four as that would reduce returns. Currently in Komp which has a great balance in everything. +I’m 18 years old and just maxed out my Roth IRA but in the back of my head I keep thinking if it’s even worth it since life expectancy is 72 years old and who know what might happen to me by then. I was wondering if I should invest to retire early or late. When I retire late is tax free and more space to grow my money but if I decide to do it early its taxable and less money. What are your thoughts and I need your help. +Hello! I am 20 years old and I have 20k invested from saving the past two years. I don’t plan on taking anything out for at least 10 years. My current holding are: 38% VGT, 38% VOO, and 24% VFH. I’m just wondering if that’s good or should I switch to some other ETF’s? Thanks +Title says it all. Daily, weekly, monthly, and year to date QQQM always underperforms QQQ - despite them tracking the same index and QQQM having a lower expense ratio. Why is this? +So, I have a 401k with vanguard. A few months ago, I was looking over everything and trying to learn about different ways of investing and read about mutual funds, etc. I figured mutual would be my best choice, as I'm a low risk individual who'd like to put money away without really thinking about it. I've been putting money away for a few months now, but I'd like to take a chance and maybe buy something with what I've been saving, but stocks, etf's, etc are foreign to me. I'm not asking for a guru or anything lol but if anyone can offer tips, pointers, maybe ask me the questions I need to be asking myself, I'd really appreciate it +I am fairly new to stock and I am trying to understand the basics before I get into it. I have been reading and learning about the basics for about a week and i feel stuck. I am specifically having a hard time understanding how one can earn money from Index ETF. +Might be stupid question but here goes: + +Is the difference between the two that managed funds can essentially hold a number of difference ETF baskets, whereas ETFs invest directly in the assets (such as shares) +Hi PF! + + + +In November last year, I decided that I would take extended time off work to spend time with my long distance (Transpacific) SO in California. I preferred unpaid leave because I believed it’d improve my chances with US Border Control (demonstrate intent to return home), and also since I would rather keep a bird on hand and my options open. + + + +I managed to pull it off without burning a hole in my pocket, so maybe PF will enjoy my tale (all figures in USD)! + + + +**Phase 1: Laying the Groundwork (aka, research and negotiate)** + +I’d been working in a fairly large organization, where extended unpaid leave was rare, but did happen. There were no HR guidelines or formal process, so I dug around, speaking to people from HR, people who knew people who tried taking time off. I found out that taking time off “to accompany a spouse overseas on temporary assignment” had a high-hit-rate while bearing the closest resemblance to my own reasons. I also knew that I had some leverage including being generally high performing (and since HR was measured on negative attrition, they had a vested interest in keeping me from leaving). + +So I made my request sound as close as I could to the proven narrative, while remaining factually accurate (in effect making it seem that my SO and I may be closer to getting married than we actually are). I also reiterated that I desired to stay and grow with the organization in the long term, but it was also balancing this intent against the shorter-term exigencies of being long distance with my SO (hinting that I would consider resigning as a last resort). + +The process of getting support involved multiple conversations with supervisors and bosses, HR and higher levels of HR. It took weeks for me to get the approvals, and many more weeks to lock down an actual period and start date. + +In the meantime, I read up on long-term visa options for the US, horror stories about US border control, etc. Alas, my visa bid for a longer-term (6 mth) visa was not granted (embassy staff said I would need to be visiting my family / spouse to qualify), which sent a $200 processing fee down the drain ☹. My only option was to enter the US on an ESTA, which meant staying 90 days at a time, and managing the risk of being denied entry by border control in subsequent visits. + + + +**Phase 2: Making a Plan (aka budget like crazy)** + +With a date in clearer sight, I was starting to crap my pants, because holy shit this is happening. I’d never been one for very detailed budgeting and tracking, but I knew this would be an expensive year, with only 4+ months of guaranteed income. On the upside, generally healthy PF habits have left me with no debt, an emergency fund, some money set aside for retirement/investments, and some liquid savings in various high-interest savings accounts. My financial goal was to make it through the year without drawing down on my savings. + +This was how I saw my financial situation: + +***Guaranteed income for 2016***: ~$24,000 (4.5 months salary + bonuses from work last year) + +***Budget for 2016***: $23,450 + +***Lumpy Expenses (Annual Budget)*** + +- Flights & Related Costs: $4200 (2x long haul return flights) + +- Healthcare: $500 + +- Clothes: $350 + +- Personal Care & Hobbies: $800 + +- Gifts: $500 + +- Income Tax: $1000 (my tax is billed after year of assessment) + +- Emergency Fund / Contingency: $2000 + + +***Recurring Expenses*** + +- Accommodation in the US: $500/mth, 6 mths [SO said I shouldn’t pay for accommodation, but I decided to budget for it anyway] + +- US Phone Line: $30/mth, 6 mths + +- Rent & Phone (Home): $600/mth, 12 mths + +- Food: $200/mth + +- Transport: $60/mth + +- Entertainment: $50/mth + + + +**Phase 3: Hitting the Tracks (pun intended)** + +To keep track of my finances, I started an excel workbook with the following itemized and categorized spreadsheets: + +- expenditures + +- income + +- holdings + + +The data from these spreadsheets were summarized and consolidated into a overview page which provided a month by month breakdown of my expenditures, incomes, holdings, tracked my cumulative savings/debt for the year, and gave a rough sense of my overall net worth. + + + +**The Result** + +***Actual Income for 2016***: $35000 (and ~$4000+ expected in December) + +***Actual Budget for 2016*** (extrapolated from 10+ mths actuals): $24,200 + +***Lumpy Expenses (Total for the year)*** + +- Flights & Related Costs: $4500 *(+300 from budget)* + +- Healthcare: $900 *(+400 from budget)* + +- Clothes: $1300 *(+~1000 from budget)* + +- Personal Care & Hobbies: $1500 *(+700 from budget)* + +- Gifts: $1000 *(+500 from budget)* + +- Income Tax: $1200 *(+200 from budget)* + +- Contingency Money: $100 + + +***Recurring Expenses*** + +- Accommodation in the US: ~$500/mth, 6 mths *(no change)* + +- US Phone Line: $35/mth, 6 mths *(slightly more than budget)* + +- Rent & Phone (Home): $600/mth, 12 mths *(no change)* + +- Food: $175/mth *(slightly less than budget)* + +- Transport: $55/mth *(slightly less than budget)* + +- Entertainment: $40/mth *(slightly less than budget)* + +I ended up keeping fairly close to budget, but splurged a little on some of my discretionary spend, particularly doing some travelling within the US, shopping for cold wear, work clothes, and high quality clothes/shoes for camping, and because I got into gardening. + +In our initial plan, my SO insisted that I should not pay for accommodation, but I had budgeted for it anyway. Along the way, some crazy shit happened but in short his mum became flat broke and homeless, moved into the half of his duplex that was meant for rental out. She stayed rent free and borrowed money. He didn’t want to burden me since I was technically unemployed, so I ended up squirreling money to him through a seemingly neverending stash of cash I had in the house. I also spent less on food, transport and entertainment than expected since we spent a lot of time cooking, cuddling and watching Netflix. + +On the income front, I ended up earning more than projected in part because I didn’t count on returning to work immediately after my break, and also from the following: + +- taking up illustration commissions (~$2,000) + +- interest and dividends (~$2,000) + +- nice relatives who were worried I might run out of money and stuffed me bunches of cash (~$1,000) + +- more bonus than I expected (~$2000) + +- selling stuff (~$200) + + + +**Random things I learnt along the way** + +- Manually keying in expenditures definitely made me a lot more mindful of my spending, and think twice about splurging on things I don’t need. I highly recommend it! + +- Being prepared goes a long way. On my second leg back into the US, the border control officer held me back for a bit since I’d just spent 90 days in the US fairly recently (I buffered 2.5 weeks before returning). But when I whipped out my binder with documentation for every visa guideline (ESTA, flight tickets, travel insurance, employment letter back home, approval of leave dates, last performance appraisal, latest statements of all my savings, retirement and investment accounts, and pictures with my SO, etc.) he was like whoa, ok. I guess you did your homework, and he let me through pretty much immediately. + +- It’s 100% worth spending on items of good quality. During the trip, I got a pair of very good, very waterproof hiking boots ($70, on sale!), and it feels amazing waddling through streams without having to worry about my feet getting wet! + +- Plan using only your guaranteed income, and budget with contingency in the picture. Living the plan gets a lot less stressful when any additional income becomes a bonus, while unexpected emergency expenses are soaked up by your contingency budget. + +- Looking for work in the US is really hard! I tried testing the waters and sent out my resume, customized cover letters, etc. to maybe 50 companies. Most didn’t reply, some rejected me, and I got a grand total of two (informal) interviews from companies that weren’t actually keen to consider me at all (cause of visa), but thought my CV was interesting enough to meet me. Welp! + +- It feels pretty damn good to be on the airline priority list. It is an inexplicable joy exiting a long haul flight and seeing your luggage be one of the first out on the belt. If you fly often, don’t forget to sign up on a frequent fliers program and be sure to claim your miles. + +- Sometimes life sucks and you just have to deal with it. ☹ Prior to my rejection at the US Embassy, I had tried calling them, and emailing them to clarify the visa eligibility and guidelines specific to my situation, but they gave unhelpful and non-committal replies that neither affirmed nor denied my eligibility, and stated that I should make an appointment with a visa officer who could better assess my request. Unfortunately the Embassy is not like a place where you can call in to demand that they process a refund / fee waiver. + + + +**TL;DR**: I took six months off work to spend time with my long distance SO in the US. The goal was to be budget neutral this year. I made it through with net savings of $10,000, while picking up new hobbies (gardening), great experiences in the American outdoors, and some pretty cool learning points relating to budgeting, planning, employment, immigration and being prepared in general. + + +*edited for formatting* + +EDIT: + +Holy crap, i woke up this morning and my inbox was totally flooded. I've been responding to comments, but am back home from work and can do a proper update. + + +1) Several of you asked if some of the things I did were legal. I clarified this in some of my responses. Basically, I did my best to research as much as possible, keep within the legal limits of what my visa type allowed me to do, and err on the side of caution when in doubt. For instance, taking on commissions only in my home country, keeping most job hunting activities outside of the US, and returning home with some buffer during the course of 6 months so I did not overstay. When in the US, I didn't work, but I did try a bit to fish around for possible future work opportunities. As I definitely did not wish to run afoul of immigration policy, I kept any job-related enquiries general, informal and exploratory, while caveating my emails / letters with my visa situation and how I was open to exiting and entering the country on a different visa if they would sponsor me on a valid employment visa. + +2) Some were curious as to how I eventually tracked my budgets and 'kept to plan'. There's a lot of very personal information in my 2016 sheet that I don't feel comfortable sharing, but here's a cleaned up version of the spreadsheet I made, with some placeholder info in each of the tabs to show how it works. The overview page is automatically populated by subsequent spreadsheets [Spreadsheet here](https://drive.google.com/open?id=1uuyj3JQrkj-wWdOz6VOzvE5sLGBHrcRrTN_RFU1LlHo) + +3) A few mentioned that you are in a similar long distance relationship with someone in a different country, and would like to do something similar in future. I thought that you might find a cleaned up version of my projection spreadsheet, with placeholder information useful, though you may need some excel knowledge to customise it for your specific purpose. [projection template here](https://drive.google.com/open?id=1X6ThpIFXEfo-kB0iob_Xiq4U3K5NBl9Z7xwHdg-Pe1Q). + +4) Yes, I am still with my SO. We're back to being long distance, but are very happy with each other. + +5) Feel free to ask more about the spreadsheets, or use / adapt them. Do be kind.These were not designed to be templates for general use, and are certainly not the most intuitive or user friendly sheets out there. +**An atmosphere of fear has set into equity markets** that hasn’t been seen in some time. If you turn on MSNBC you will get host after host at least calling a market correction and some calling a doomsday. If you are watching your portfolio by the hour you might even be feeling the slow onset of nausea as you realize how much you’ve just lost by not timing the market. (You shouldn’t try to time the market by the way.) It’s important in times like these to take a step back and think rationally about the market before we let our emotions drive our investment decisions. + +So what happened? The Fed wants to raise rates, Greece just became a problem again, manufacturing is down in China, commodities are hitting new lows with the oil supply glut leading the way, all of a sudden television isn’t the medium of choice for Americans (but neither is Netflix?) the Koreans want to kill each other, they’ve always wanted kill each other but now they might just go for it, everyone thought China would start buying our stuff in never-before-seen quantities, now we are realizing the emperor has no clothes and China isn’t so spectacular. + +**Let’s talk about China:** If you’ve been following the advice of people here or anywhere else you probably bought apple, and you probably held apple after it hit $133. Now we are finding (or we already knew) that a major component of Apple’s valuation was the expectation of future sales to China. This is not just affecting Apple though, go look at Celenese for instance, or most of consumer and manufacturing sectors of the S&P 500. We trade a lot with the Chinese and some have overestimated their ability to buy our stuff. What’s wrong with China? For starters China does not actually have a functioning free market, so get any illusion out of your mind that they have the same legal structures that promote the incentives of private actors to make money like we have here in the U.S. The Chinese market does not even allow shorting. If you have been reading the news coming out of China they say they are aggressively pursuing the prosecution of short sellers… what’s wrong here? They do not have short sellers, but they do have sellers. Lots of them. And they want to stop them from selling their own equity positions. China may not have a free market, but they still have free market forces, and they can fight all they want to make certain economic truths untrue, but as Herbert Stein said: “what cannot go on forever will eventually stop” So what is going to stop? Over the past Year and a half we have seen the Chinese stock market expand by 250% and Earnings fell 3% this last year on average. All the while the Chinese state run media basically pulled an extended pump and dump propaganda extravaganza to prop up their market (they don’t actually believe in dumps though.) The credit expansion of asset backed securities in China helped facilitate this bubble (in simple terms the typical Chinese investor mortgaged their homes and placed that same money in the stock market.) Now the new symbol of the Chinese economy is a lonely man selling his prized Lama in the street so he can just hold on to his house. + +**Let’s talk about the European Union:** Investors are waiting for Greece or another poor EU country to back out or fight the EU on their debts. If you ever read Michael Lewis's [article on Greece](http://www.vanityfair.com/news/2010/10/greeks-bearing-bonds-201010) or his book Boomerang you know that the health of most major banks in the EU depends on these smaller countries to act as conduits as the ECB and IMF send money through them to the banking system. Before 2008 many large financial institutions in Europe took major positions in Third World EU debt (that’s a joke.) But more Seriously Greece has created a contagion, the idea of a default is becoming more intriguing to the masses of young unemployed citizens in Greece Spain and Portugal. Meanwhile the Germans still feel guilty for WWII and want to pay the world back by creating entitlement waste in other countries. Think about it this way: if I borrowed $5,000 from Warren Buffet he would own me, but if I borrowed 50 Billion from Warren Buffet, and suddenly I couldn’t pay him back, I would now own him. Ladies and Gentlemen Greece has an economy the size of greater Los Angeles and 1.2 Trillion Euros in Debt (and this is a conservative estimate.) They will not pay this back in the long run, they cannot afford to. They struggle to collect taxes. They cannot contain corruption within their own government. The EU is an unsustainable ticking time bomb, Greece is just the tip of the iceberg. + +**Let’s talk about the Federal Reserve:** and right off the bat can we recognize that the Fed is out of ammo? They cannot stimulate the market anymore. We have seen some of the most aggressive multiple expansion in the history of the United States equity markets since 2008, spurred by Fed Policy and now they want to raise rates and take it all back? They essentially cut the Weighted Average Cost of Capital to new lows for our entire economy, making nearly every positive Internal Rate of Return project for every company positive on a Net Present Value basis as well. We just suspended our creative, volatile, constructive capitalism and made the majority of our businesses winners over the last seven years and what now? There are no consequences for this at all? That project to revamp and expand the HR department of your typical mid-size company will no longer be NPV positive as the WACC could retroactively increase in an environment of rising interest rates. Don’t discount the importance of the term structure of corporate debt. The tide is about to go out and you will see who is still wearing a swimsuit and who is swimming bare ass naked. +So where do we go from here? + +**Remember the best thing that can happen for a young investor is a crash**(sorry dad.) I’m going to guess that the majority of r/investing is near my age (mid-twenties or mid-thirties) and we want a stock market crash, we should welcome it. We are not investing for returns tomorrow, we are investing for returns 20-30 years from now, and the greater losses now the greater gains we will have in our 401k’s our IRA’s and even for you trust fund babies too. Look, some of us have been waiting for a cheap asset class to appear for half a decade, now it looks like every asset class is about to get cheap. I want to buy the S&P 500 at a deep discount over the next few years of my life and you should too. + +**Let’s put some things in perspective as well,** investing in the United States is like bowling with bumpers, you are going to hit some pins and get a decent score. China on the other hand is a gutter ball. We are fortunate to live in one of the most diverse (by industry) and free markets in the world. Not only that, earnings are actually still growing, despite the global contagion of artificial interest rates, currency manipulation by China, and on and on. Our economy has an advantage because we have embraced a fantastic combination of capitalism and oversight that has created the most prosperous country in history ( save for Monaco but they cheated) and we should welcome cheaper goods from China, $40 dollar oil is going to be great for my morning commute, and let’s welcome the flight to safety as foreign investors will continue to look to the United States as a safe haven for capital. In the long run it’s going to be okay, because 30 years is a long time and this market uncertainty creates buying opportunities. There is blood in the water and you’re a shark, go find something to eat. + +**What buying opportunities should we look for now?** There are specific strategies that create downside protection as the near term investment outlook becomes uncertain. Some believe gold will be a good hedge, and at some points in the past it has been, it might work, I would rather hold some other stuff but that’s a difference of opinion. Even better, take a look at VIX, not that proshares bullshit that’s easy to buy and a great way to lose all your money. Go look at VIX: the CBOE basket of implied volatility for options, and then go look at some time series return data for VIX over the past 10 years. Vix by definition works as a hedge for market uncertainty because it is a reflection of implied volatility, and it is a great way to smooth out returns over the long run. If market uncertainty makes your stomach turn, wait for things to calm down again and then go hedge yourself with a portion of your portfolio in a rolling basket of VIX call options, if you want to know more about how this works feel free to PM me. Dividend stocks are a great place to find safety, value stocks are a great place to find safety as well. Look towards emerging markets for some safety as well (think Chile.) Multiple expansion has been relatively limited in some emerging markets and will allow you to find good deals now while things remain tentative here in the United States. + +**And most importantly, it’s just money, there are so many problems that money can’t fix so let’s be thankful it’s just 3% and stay focused on a rational investment strategy moving forward.** + +**edit:** Wow I did not expect this to blow up. I went out to grab drinks with my Fiance and all of a sudden this happened.. First off I must say that I truly appreciate the comments both positive and constructive and I appreciate the messages (I got A TON of messages.) If you are looking for market predictions... I am not your guy. This is an explanation of market sentiment as I perceive it to be, not what happens on Monday when the market opens, don't ask me what to do with your money this is the internet. This could be a market correction, or we could see a rebound, and I am not trying to predict the future. I just found it all so fascinating I had to word vomit my thoughts. + +**Secondly** Monaco is a nation the size of my back yard (that a joke) and has made a business of being the tax haven of Europe (seriously) so the wealth/capita ratio is absurd. I was there just weeks ago and saw the most ridiculous yacht club I have ever seen (I am not a rich man) so I just had to throw in a reference. Guys if you get the chance go see Monaco, and go to the aquarium... it is amazing! + +**Finally** Yes Chile exports 25% of GDP to China according to Wikipedia (nice one!) That doesn't mean supply and demand disappeared on 8/21/2015, so if China loses 30% of their value in equity markets that 25% didn't just evaporate into thin air... also you can find specific positions in ADR's or positions in foreign accounts that are fairly or conservatively valued with little exposure to China in Chile or other emerging markets. We are all sensitive to the low interest rate environment and how it has propped up equity valuations here in the U.S... Could you just consider for a moment that emerging markets have a different exposure to other macroeconomic risks and aren't as sensitive to the 10 year T-bill rate? it is not a perfect hedge, and you aren't a perfect investor either, so do your research and get off my ass + +**Edit #2: VIX options** I am getting a lot of messages with specific questions about Vix. So let me explain what I do, and maybe you will like it or do something similar. What I meant by rolling VIX options is set aside a certain amount of implied volatility that you want to hold, lets say 6%. There are 6 maturities for these options, 1 month 2 month, 3 month etc. I pick the 6 months, I like the maturity at a later date because I don't get crushed as much by holding every day. So over 6 Months I put 1% of my portfolio into 6 Month call options until a day like today and I sell ALL of it. Then I start rolling money back into VIX options when it falls to the $12-$13 dollar range. I haven't always done this, and I won't always do this, I think the environment today calls for some sort of hedge against these macro economic risks I talked about. + +**Superstonk Lexicon 10 April 2022** + +**AMA:** Ask Me Anything - Q&A interview with a subject matter expert via video & comments or comments only. + +**APE:** Apes together strong from the movie *Planet of the Apes*. A retail investor who just likes the stock. Thanks to u/spencer2e who helped out with the sub migration and PC language history: "apes have significantly less grooves/wrinkles than humans and it was adopted pretty quickly." Sometimes All People Equal. See Smooth Brain + +**Bag holder:** A shareholder left holding shares of worthless stocks after a SHF or other financial terrorist completed a "pump and dump." Also see Coke Rat. + +🍌: The preferred sex toy of some Apes. Can also be used as a threat or ultimatum. "Unzip my pants" can refer to receiving punishment by or using a fruit in the Musaceae family sometimes as well. + +**BCG:** Boston Consulting Group. Evil bad guys who gut a company from within, so their short seller partners can profit from bankruptcy of their clients. + +**BDD:** Biggus Diccus Dave Lauer- Founder of [Urvin Finance](https://www.urvin.finance/), empowering individual investors with the education, community, data, and tools necessary to level the playing field and prosper. (Some call him Donkey Dick Dave as a compliment) + +**Bedpost:** What financial terrorist Ken Griffith broke off and threw at his then-fiancée before their wedding, over a fight about the pre-nuptial agreement. She still married him. Then divorced him. [Chicago Tribune](https://www.chicagotribune.com/business/ct-griffin-0214-biz-20150213-story.html) + +**Bulgaria Boy/Vlad:** Also "Haunted Victorian boy" Vladimir Tenev - co-founder (with Baiju Bhatt) and CEO of Robinhood (robbing da hood). Ironically, Robinhood's stock has plummeted post-IPO, a year after they "turned off the Buy Button" on 01-28-2021, which also cost them a lawsuit by a retail investor. They are the proud owners of the largest-ever FINRA penalty in FINRA's history and also of one of Wikipedia's lengthiest "Controversies" sections, imo. + +**Coke Rat:** Jim Cramer of CNBC's television show *Mad Money*. If you trade the opposite of his stock picks, you may make money. See NFA + +**CS:** [Computershare](https://www.computershare.com/us) The Australia-based official transfer agent of record for direct registration of GME shares. VNP (Very Nice People) See DRS. + +**Crayon:** A delicious writing implement that is available in many ~~colors~~ flavors. Some dumb Apes think that the Red & Green Crayons look like candlesticks on a stock chart. Green is often praised as the tastiest according to u/jmanpc. Can't cross-post to other subs, but this is the post title: i_made_a_promise_to_some_friends_that_i_would_eat_a + +**Dark Pools:** Alternative Trading Systems (ATS) that were originally useful for institutional investors so that large block trades would not affect share prices. Current usage excludes retail investors from accurate price discovery because 90% of trades do not occur in "lit" exchanges, according to the SEC. + +**DD:** Due Diligence - thorough, accurate, sourced, and peer-reviewed research. Counter-arguments welcome. + +**DFV:** u/DeepFuckingValue of YouTube Roaring Kitty and Congressional hearings fame. The deep value investor who started it all. Keith Gill by irl name. Respect his privacy, please. + +**Diamond Hands:** A strong retail investor who resists selling stock through volatile price swings until a set limit price is reached. See also Paperhand. + +**DRS:** Direct Registration System. How shares are taken out of "street name" (beneficial/non-ownership) in the DTCC and written into the registration "book" in the retail investor's own name. Each security has its own transfer agent. See CS and DTCC + +**Dr T:** Susanne Trimbath, PhD, author of the book *Naked, Short and Greedy: Wall Street's Failure to Deliver*. Buy from a local bookseller. #boycottamazon [Spiramus Press](https://spiramus.com/susanne-trimbath) Also Queen Kong + +**DTCC:** Depository Trust & Clearing Corporation - the only company that provides clearing and settlement services to financial markets. It performs securities exchanges on behalf of buyers and sellers and functions as a central securities depository. The "lit" market, also DTC. + +**ELI5:** Explain Like I'm 5 years old. Use short sentences and smol words. Also **ELIA:** Explain like I'm an Ape. **ELIAS:** Explain Like I'm the SEC. + +**"Fed":** The 12 Regional Federal Reserve Banks of the USA and/or their Chairman and/or Federal Reserve policies and actions. + +**[FINRA](https://www.finra.org/#/):** The Financial Industry Regulatory Authority is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets. + +**FUD:** Fear, Uncertainty, Doubt + +**GG:** Gary Gensler. Current Chair of the US SEC, appointed by POTUS 46 in February 2021. + +**GME:** NYSE ticker symbol for Gamestop, the most heavily shorted stock in the world. + +**Hodl:** Props to u/Environmental_Neat53's comprehensive glossary: The famous misspelling of "holding” by Bitcoin trader GameKyuubi. Avoiding trading based on short-term price moves.  + +**IMX:** [Immutable X](https://www.immutable.com/) not a Marvel superhero, but one of Gamestop's metaverse Web 3.0 partners providing ETH Layer 2 NFT support. + +**Infinity Pool:** GME shares which shall never be sold. + +**J-Pow:** Jerome Powell, Chair of the Federal Reserve Bank since 2012. + +**LFG:** Let's Fucking Go. A clarion call for the stock price to rise. + +**LIGMA (balls; insert body part):** +Loopring +Immutable X +Gamestop +Microsoft +Apple - hypothesis that Microsoft and Apple might become partners in the GME Web 3.0 Metaverse, adding strength to the MOASS probability. + +**LMAYO:** Laughing My Ass Off with mayonnaise. A reference to Ken Griffin's selfish love of mayo. See Mayo Man + +**LRC:** Loopring & Loopring Coin ‐ a cryptocurrency ETH Layer 2 Gamestop partner for the GME NFT Metaverse. + +**Matt Furlong:** CEO of Gamestop since June 2021, formerly of amzn. + +**Mayo Force One:** The private jet owned by Ken Griffin, CEO of Citadel, that is legally tracked by Superstonk apes. Seen in Finland on the eve of the Ukrainian invasion by Russia. + +**Mayo Man:** Debunked tale that financial terrorist Kenneth Cordele Griffin, CEO of Citadel, once shared a penthouse dinner with an ape's friend and hogged all the mayonnaise for himself. See also Bedpost. https://www.reddit.com/r/Superstonk/comments/n8tvrx/my_friend_had_dinner_with_kenny_g/?utm_medium=android_app&utm_source=share Debunked, but the name stuck. + +**MM:** Market Maker - A firm or individual who actively quotes two-sided markets in GME, providing bids and offers (known as asks) along with the market size of each. Market makers provide liquidity and depth to markets and profit from the difference in the bid-ask spread. They may also make trades for their own accounts, which are known as principal trades. Broker-dealers are a common type of market maker. + +**MOASS:** Mother Of All Short Squeezes. + +**MSM:** Mainstream Media - justifiably not trusted by most Apes, wrinkled or smooth. + +**NFA:** Not Financial Advice - a legal disclaimer indemnifying an author against damages from losses sustained by an investor acting of their own accord. + +**NFT:** Non-Fungible Token - a blockchain secured, unique and non-interchangeable unit of data. Like the title of a house or car or a priceless Rembrandt painting in need of provenance. + +**No Cell No Sell:** Investor who claims they will not sell a single share of GME until illegal naked short sellers are found guilty of RICO and are behind bars. See RICO (Also until the stock price resembles a phone number, with 10 digits) + +**NYSE:** New York Stock Exchange - one of 13 US stock exchanges and the largest in the world by market capitalization. + +**Paperhand(ed Bitch):** A weak retail investor who sells their shares for low profit or because of market volatility. See also Diamond Hands + +**Pickle:** Pet name for u/gherkinit who is a daytrader with a large YouTube following. Banned and later unbanned by Superstonk mods for breaking the monetization rule. Currently banned. + +**Purple Circle:** The Computershare icon showing a GME position that is 100% of a shareholder's portfolio. Purple Ring; Nurple; Purple O; Purple Butthole, etc + +**Queen Kong:** Susanne Trimbath, PhD, author of the book *Naked, Short and Greedy: Wall Street's Failure to Deliver*. Buy from a local bookseller. #boycottamazon [Spiramus Press](https://spiramus.com/susanne-trimbath) Also Dr. T + +**RC:** Ryan Cohen - Chairman of Gamestop Corporation + +**RICO:** Racketeer Influenced and Corrupt Organizations Act +https://www.gpo.gov/fdsys/pkg/STATUTE-84/pdf/STATUTE-84-Pg922-3.pdf + +**Rocket:** A profit-propulsed vehicle that transports Apes to the moon and beyond. Also see Tendies. + +**$ASS:** A fake ticker symbol used by Apes to trick bots/algorithms that are written by SHF to search Superstonk for ticker symbols to short. Also $CUM, $DEEZ $NUTS, $WEN, $MOON and others. + +**$CUM:** A fake ticker symbol used by Apes to trick bots/algorithms that are written by SHF to search Superstonk for ticker symbols to short. See also $ASS + +**[SEC](https://www.sec.gov/):** US Securities & Exchange Commission. "The primary purpose of the SEC is to enforce the law against market manipulation." + +**SHF:** Shorting Hedge Fund. Shorting stocks is legal. Naked shorting stocks is illegal (Since 2008.) Some apes call it Shit Hedge Fund. + +**Shill:** Person who publicly helps or gives credibility to another person or organization to assist in a fraud. + +**Shitadel:** Citadel LLC and their multiple subsidiaries, who recruited employees from Enron (!) and were banned from trading in *China* (!). See Mayo + +**Smooth Brain:** A less experienced investor. "*I think I need an adult.*" See also Crayon, Ape, Wrinkled Brain. + +**Snek:** A short seller (snake) or also 2. A person who spreads FUD. Search for the original post titled "information for the newbies who want to join" on the other sub for the Snake and Monkey trading Bananas explanation. + +**Stevie:** Steven A. "Stevie" Cohen (no relation to Ryan), CEO of [Point72 Asset Management](https://en.m.wikipedia.org/wiki/Point72_Asset_Managemeyour. (Wikipedia link), a hedge fund that shorts GME. Also owns NY Mets baseball team. + +**Sticky Floor:** The derogatory nickname for AMC Theaters stock because of the spilled drinks on the floors. Also called Popcorn. + +**Tendies:** Chicken Tenders, the favorite reward for degenerates who accrue Good Boy Points from Mom while living in the basement. Sometimes from Wendy's. AKA Profit. + +**Tits are JACKED!!** Quote from the 2015 movie, *The Big Short*. Jared Vennett: "I'm jacked! I'm jacked to the tits!" + +**Tomorrow:** The day after today and Wen MOASS. Also Overmorrow (the day after tomorrow.) + +**VVSB:** A Reddit sub where most Apes learned of GME's MOASS. Rhymes with Mall Treat Pets. + +**Weaponized Autism:** A force for good when uber-intelligent and persistent gamers commit to the investigation of financial fraud and market manipulation. + +**Wen lambo:** The question of the impatient investor who asks when MOASS will happen. (When will GME share prices allow me to buy a Lamborghini?) + +**Wen moon:** The question of the impatient investor who asks when MOASS will happen. (When will GME share prices rocket to the moon?) + +**Wendy's dumpster:** Apes in the other sub lost money faster than a bridesmaid in Vegas. When an ape's destitution forced them into prostitution it was always behind a dumpster behind a Wendy's. Behind a casino that is more regulated than the US stock market. + +**Wife's boyfriend:** A pre-emptive self-deprecation by retail investors meant as a shield against derision from institutional or expert investors. "You can't insult me more than my wife's boyfriend sitting on our couch drinking my beer." + +**Wrinkle Brain:** An educated, experienced or knowledgeable investor who can explain things to Smooth Brains so they can "gain their first wrinkle." Authors of DD and finders of fraud who share knowledge with the community. May or may not be Silverback Apes. An adult. + + +Please add to this or give corrections if you think this would help newbies like myself. + +Love to all of you glorious bastards. 💜 +Good Morning and Happy New Year to everyone! + +Today should be fairly volatile it marks the end of the fiscal year and usually drives a decent amount of market wide volatility and volume. + +We have FTDs continuing to roll in from late November, which should be switching net short today + +https://preview.redd.it/f3quszlwsv881.png?width=187&format=png&auto=webp&s=98b43ad2b41d47f58184cb080af5754d7922fa56 + +However the volume is still very low. + +GME is however trading at max pain ($155) going into this morning. Ideally we will see a Friday close slightly above and maybe some tests of that 160 put wall. Closing above max pain on Fridays, historically, signals a reversal in trend. + +This is something we are looking for moving towards the ETF FTD dates that begin Jan. 10th and possibly the strengthening of that reversal after XRT begins the threshold process on Jan. 6th (T+13 from 12/17) + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Slammed into the close of 2021, with large quantities of ITM puts, possibly in an effort to reduce reported position losses for the new year, especially considering how late into the day they were held before volume was sold off. But with the new year I am hoping to see institutional interest pick up, especially if we see any announcements soon. Thank you all so much for the support throughout this year it has been an absolute blast doing this everyday with you guys and I can't wait for January! + +Happy New Year Everyone + +https://preview.redd.it/ndyyyz1r1y881.png?width=743&format=png&auto=webp&s=aae77a9b8d806d83ee533ae0cc9a3458ad1b79e7 + +Edit 5.5 1:42 + +They are probably trying to drive it as low as possible to sell off the put walls profitably, once that pressure is relieved we can rise back up towards max pain. + +Edit 5 1:41 + +Just flooding the chain with 0DTE ITM puts to drive the price as low as possible today, the -delta is weak but effective. + +https://preview.redd.it/kotpf4f8bx881.png?width=862&format=png&auto=webp&s=b87d35df377c9a3a9633b2b3dc2d1acdcaf2bff1 + +https://preview.redd.it/wmpo2676bx881.png?width=1546&format=png&auto=webp&s=51dd90d46756ceb5458841164c5833f048a694c8 + +Edit 4 12:21 + +the spike in 0DTE puts looks like the goal for today is at or below max pain, given the low volume (464k) that seems even more likely. + +https://preview.redd.it/1ez8vesqww881.png?width=1557&format=png&auto=webp&s=1ae7356a3e4f597466b733624a626056c52299c3 + +Edit 3 11:49 + +A little of that volatility coming in across the basket as we jump back over VWAP for the intraday closing the gap to max pain. + +https://preview.redd.it/kvd7xr70rw881.png?width=1556&format=png&auto=webp&s=df4a45f161e2bacc11e05717c11bb3b4b9032617 + +Edit 2 11:10 + +Looks like we are finding some support at 152.50, and are on track for one of the lowest volume days of the year, currently at 325k. + +https://preview.redd.it/ndepi5a0kw881.png?width=1578&format=png&auto=webp&s=56fdc931e4d470c7060f811c2b41cf5972c7af12 + +Edit 1 10:05 + +Some volatility at open but very low volume, 167k traded in the first 35mins. Holding tight to max pain for now. + +https://preview.redd.it/ab7fbpmk8w881.png?width=1581&format=png&auto=webp&s=78dbe2a1b84e6fdbe7502bc775b2fb5056a49c79 + +# Pre-Market Analysis + +GME is staying fairly flat through the pre-market . + +Volume: 3.17k + +Shares to Borrow : + +IBKR - 100,000 @ 0.82% (I was going to post Fintel Data today as well but it appears to be the same as IBKR, I'll continue to check and post it in the future if there is a deviation) + +Fidelity - 316,321 @ 0.75% + +[GME pre-market 1m](https://preview.redd.it/lzzrkxndwv881.png?width=1574&format=png&auto=webp&s=c3c8be8ceb0e02843bec77db1c5d2ffa73c3ef85) + +BB/KC Squeeze signal is also about to fire as the slight daily price increase pushes the Bollinger bands in side the Keltner Channel. This is usually (although sometimes false) signal of a shift in Volume and Volatility from low to high. + +https://preview.redd.it/ug1nw4atwv881.png?width=2460&format=png&auto=webp&s=1c86aba20d506196ffcbc750e77f659d4aeb8e80 + +**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.* +I had interviewed at 2 places. One got back to me quicker and I need to start working since I recently graduated and I’m 2 months in and the other company got back to me with an offer 70% more than my current salary. How do I let my manager know I’m leaving with just 2 months on the job? + +ETA: To give a little context. I work in the pharmaceutical industry and it’s from home. +I communicated with a hiring manager recently who told me tons of people put MLM work on their résumé. That pretty much immediately gets your resume put in the trash at most places. + +I know tons of people are naive to them so if you find yourself in one for a bit just chalk it up as a learning experience but please don’t put it on your résumé. Explain the gap as a teaching moment or whatever but don’t put it on there like it’s a positive. + +Edit: an MLM is a multilevel marketing company. It’s a modern version of a pyramid scheme that operates in a legal grey area. +Apes, this is the second half of Part 2. [You can find the first half of Part 2 here](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/). + +# Derivatives and the Alchemy of Risk + +Derivatives are financial contracts that derive their value from an underlying security, and have existed for as long as markets have. A [futures contract](https://www.investopedia.com/terms/f/futurescontract.asp), for example, is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future. + +The buyer of a futures contract is taking on the obligation to buy and receive the underlying asset when the futures contract expires, and the seller of the futures contract is taking on the obligation to deliver the underlying asset at the expiration date. These contracts have been around for millenia, with the earliest recorded contract dated to [1750 BC in Mesopotamia, or modern-day Iraq](https://bebusinessed.com/history/history-futures-trading/#:~:text=Futures%20trading%20can%20be%20traced,the%20sixth%20Babylonian%20king%2C%20Hammurabi.&text=Part%20of%20that%20Code%20stipulated,price%20at%20a%20future%20date.). + +Say you’re in a casino and you want to make money off a poker game, but you are barred from playing the actual game. So, you grab another patron (Dave) and tell him you’d like to make a bet on the outcome of the game. You really think your friend Allie will win the game, so you’re willing to pony up $100 to bet on her winning. (In this example, the bet you make is the “derivative”. The underlying security’s returns are the results of the poker game.) + +Seeing your derivative bet, two other people get interested. They don’t want to bet on the game, rather they want to gamble on the outcome of your bet. They create their own bet, weighing probabilities and putting in funds accordingly. This is a second-order derivative. In the modern financial system, since derivatives are basically unregulated due to the [Commodities Futures Modernization Act](https://www.investopedia.com/terms/c/cfma.asp), (especially OTC derivatives or second-order or higher) this process can continue ad infinitum. + +[Derivative Bets](https://preview.redd.it/odmcqfd678771.png?width=615&format=png&auto=webp&s=c802a93608266848687f3444fbd9d4c9a80c3bbe) + +In doing so, the "derivative" gamblers are essentially creating leverage on the poker game. What financial institutions do with derivatives is create these bets (Derivative\^2 for example) and then sell these bets to others. This is an IMMENSELY profitable business for them. + +When creating a portfolio, most investors worry about their loss exposure. Buying any single equity is risky, and it is reasonable to want to reduce downside risk. This is part of the reason why derivatives were created. Through [hedging](https://www.investopedia.com/trading/hedging-beginners-guide/#:~:text=Hedging%20is%20a%20risk%20management,as%20options%20and%20futures%20contracts.), traders were able to change their gross exposure into a [net exposure](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/net-exposure/). Net exposure underlines the difference (net amount) between a hedge fund’s long positions and its short stock or derivative positions. Once calculated, the net exposure of a fund is usually presented in a percentage, displaying the fund’s risk with regard to market fluctuations. + +Let’s break it down. Say you are bullish on IBM. You go out and buy $50M of long dated [call options](https://www.investopedia.com/terms/c/calloption.asp) (commonly called [LEAPS](https://www.investopedia.com/terms/l/leaps.asp)) on IBM. Since you’re afraid of losing money in case IBM misses it’s earnings call, loses revenue, or experiences some other negative event while your position is open, you go and buy $40M of [put options ](https://www.investopedia.com/terms/p/putoption.asp)with the same expiry date. Thus, your new Net exposure position is only $10M long. + +[Net Exposure Hedging](https://preview.redd.it/ope41no978771.png?width=642&format=png&auto=webp&s=2136a19ecc25ea5fa0bff0ec5d90e7ff2a95d96d) + +Using this mechanism, traders were able to hedge positions and reduce their theoretical risk. When you buy calls and puts, this net exposure is reduced, and at the same time, your assets increase. In the example above, your gross exposure (the gross value of the derivatives you own) will increase as you own both long calls and long puts. ((Don't get this confused with being long/short or bullish/bearish a stock!! **Long position for derivatives simply means YOU OWN the contract, short position means YOU OWE the contract. “Long/Short” is a general term in finance that can mean different things depending on the context!!** [**Read this if you’re confused**](https://www.investopedia.com/terms/l/long.asp))) + +Since both these calls and puts have value that you paid for, and represent the right to exercise at strike, they are both recorded as assets on your Balance Sheet. **In the example above, you OWN $50M of calls and $40M of puts- your overall derivative gross exposure is $90M. Your net exposure is only $10M.** **Thus you have $90M of assets (subject to market changes of course) and “net risk” of $10M.** This is why Shitadel has buttloads of options on either side of every stock, they’re hedging their net exposure, even when they’re bullish on the underlying. + +**There’s three interrelated ways this goes seriously wrong. One is counterparty risk. A** [**counterparty**](https://financial-dictionary.thefreedictionary.com/Counterparty) **is someone who takes the opposite side of your trade- so if you are buying, they are the seller, and vice-versa. ((**[**I wrote this DD on counterparties and clearinghouses a while ago**](https://www.reddit.com/r/Superstonk/comments/nje7xk/clearinghouses_explained/)**)) In derivatives, if the counterparty to your trade fails, i.e. goes bankrupt, the contract will most likely not be honored.** + +**This means if you are a hedge fund, and you wrote OTC options ((NOT Exchange traded-please refer to the beginning for the difference between OTC and exchange traded options, exchanged traded options are guaranteed and cleared by OCC (Options section of DTC), OTC options are NOT guaranteed, and can only be written between institutions)) your $90M of calls and puts, if they were written with a single counterparty (like Bear Stearns) will now be worth NOTHING.** + +**This $90M “gross exposure” loss would represent an 800% HIGHER LOSS than the “theoretical” maximum loss of $10M which is your “Net Exposure”. If an options clearinghouse which is the counterparty to all listed options fails, MILLIONS of contracts would be worthless. The TRUE RISK is counterparty risk- this is what the models don’t understand.** + +**Another way this goes wrong is if the underlying fails- the results are equally catastrophic. Going back to the poker game analogy, imagine if the people playing the actual poker game left the table. Now Derivative Bet #1 is worthless, since there’s nothing to bet on. Same goes with Derivative bet #2, and #3, and so on. If the Poker game had $25 in the pot, and each Derivative bet had $100 in each bet, this means that by the poker game ending, $325 worth of value was destroyed, from the elimination of just ONE REAL game worth $25. THIS is the explosive nature of derivatives.** + +&#x200B; + +[Synthetic CDO Visualized](https://preview.redd.it/1i8vm7jd78771.png?width=406&format=png&auto=webp&s=08eb280d305046c39e23e456d1b25e392df179c9) + +Let’s use the 2008 financial crisis as an example of an **underlying** failure. (W Homeowner goes out and gets a loan (original poker game). The bank then sells that loan to an investment bank who makes a CDO out of it (a bet on the game) which trades on the value of the underlying. Then, another bank comes along and makes a [synthetic CDO](https://en.wikipedia.org/wiki/Synthetic_CDO) (a bet on the bet), and then takes out a Credit Default Swap on it (bet on a bet on a bet). This creates insane leverage to the underlying, and horribly dangerous results if the underlying collapses. Our beloved Dr. Trimbath puts it like this: ([Naked, Short and Greedy](https://www.goodreads.com/book/show/49089890-naked-short-and-greedy?from_search=true&from_srp=true&qid=SnVODNfAhP&rank=1) (Ch 19)) + +[Naked, Short and Greedy pg 221](https://preview.redd.it/5k5nddvi78771.png?width=379&format=png&auto=webp&s=7c257e43b6a4f9d5b9772753abcc3571c0f56ae2) + +**A third way this system can blow up is due to cross-collateralization, where one asset is pledged to multiple entities, creating more claims than assets that exist.** This process is actually very common in the futures markets- bullion banks, for example, which hold gold and silver, will write between 2-10 futures contracts for every one oz of gold in the vaults. + +[One Asset pledged to multiple parties](https://preview.redd.it/l2musmvn78771.png?width=628&format=png&auto=webp&s=ea4697ebe3169000852eeb48a83c024c16fcf756) + +In the example above, the bullion bank (with the gold) writes 6 futures contracts (assume 1 oz per contract) and sells them to other financial institutions, but only has a single ounce of gold in the vault. They can do this since the vast majority of the futures (\~85-90%) [never get called](https://www.sciencedirect.com/science/article/abs/pii/S0927539804000842) in for [settlement](http://www.iotafinance.com/en/Financial-Definition-settlement.html), and are instead [rolled forward](https://www.investopedia.com/terms/r/rollforward.asp) (this basically means when the old contract is about to expire, the holder sells it for cash, and then uses this money to buy a new futures contract with a different expiration date). + +Thus, the bank/institution writing all these futures never has to actually deliver the underlying- the gold in this case. If all the futures contracts they write are called in at once, then the 1 oz of gold is given to the buyer, and the bank who wrote the contract is on the hook to **deliver all 5 oz to the firms that are owed, and is forced to go into the market to purchase it- this is called a “Contract Delivery Squeeze”** as [outlined in this paper](https://static1.squarespace.com/static/555266c0e4b008b6a4552c3a/t/55626e5ae4b004a8dfc8288d/1432514138731/Gilt_Squeeze_final.pdf). **If the bullion bank fails, all the futures written by it are now null and void, and the firms that weren’t able to take delivery get nothing.** + +(Side note: [Notional Value Explained](https://www.investopedia.com/terms/n/notionalvalue.asp): Notional value is a term often used to value the underlying asset in a derivatives trade. It can be the total value of a position, how much value a position controls, or an agreed-upon amount in a contract- + +The best explanation I’ve seen of this was on a recent post by u/Criand-- ALL credit to him/her: + +\------------------------------------------------------------------------------------------------------------------------------ + +The Market Value is the value of the derivative at its current trading price. + +The Notional Value is the value of the derivative if it was at its strike price. + +E.g. A CALL Option represents 100 shares of ABC stock with a strike of $50. Perhaps it is trading in the market at $1 per contract right now. + +* Market Value= 100 shares \* $1 per contract = $100 +* Notional Value= 100 shares\* $50 strike price= $5,000 + +\------------------------------------------------------------------------------------------------------------------------------ + +# Nitroglycerin + +Imagine you go to the office one day, and see your boss (Anna) sitting there with a bottle of [nitroglycerin](https://pubchem.ncbi.nlm.nih.gov/compound/Nitroglycerin). You are immediately shocked, and ask Anna what she’s doing. “Are you INSANE?” you say. “That is extremely dangerous!”. She smiles at you and says “Nitroglycerin is stable if not exposed to pressure or heat. It’s safe on my desk, as long as I don’t knock it off, it won’t explode”. Incredulous, you walk away. + +The next day she brings in another bottle. And another the day after that. Over a year, she brings in hundreds of bottles of nitroglycerin. One day, a poor intern trips on her shoes and knocks one down. The first bottle explodes- Boom. In a few milliseconds, the next one does, and the next, in a vicious chain reaction- BOOM! BOOOM! BOOOOOM!. The entire building is destroyed. THIS is the danger of derivatives. + +&#x200B; + +# Systemic Risk + +The recent [Archegos Capital](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839) debacle was a classic example of the destructive power of derivatives. Using contracts like [Total Return Swaps](https://www.investopedia.com/terms/t/totalreturnswap.asp), Bill Hwang was able to leverage his fund [more than 8x](https://www.bloomberg.com/news/articles/2021-05-06/archegos-fallout-crimps-hedge-fund-leverage-as-banks-curb-risks), making bets on the performance of a variety of Chinese and American equities. When the equities lost value, his fund was obliterated- a mere 12.5% drop in the underlying resulted in a complete loss of capital. + +But, his fund wasn’t the only firm affected- Credit Suisse was his counterparty, and thus lost more than [$5.5 Billion, and counting.](https://www.wsj.com/articles/credit-suisses-5-5-billion-archegos-hit-enters-big-league-of-bank-losses-11619256601) **If derivatives are an explosive bottle, counterparty risk is a fuse- one that always runs to another bottle of Nitroglycerin.** + +The modern financial system is effectively a complex network of institutions, tied to each other through these complex derivative contracts. [GSIBs](https://www.fsb.org/2020/11/2020-list-of-global-systemically-important-banks-g-sibs/) (Globally Systemic Important Banks) are the largest entities in the system, tied directly to thousands of institutions, and indirectly to hundreds of thousands. Here’s a fascinating map from an [IMF White Paper on the GSIBs’ interconnectedness:](https://www.imf.org/~/media/Files/Publications/WP/2017/wp17210.ashx) + +[IMF White Paper, 2016. \(See legend for details\)](https://preview.redd.it/wyuqw4lx78771.png?width=546&format=png&auto=webp&s=dfa4c60bb2948d77953ac7c000b5080997d70194) + +The entire derivatives market is HUGE. The BIS estimated the total notional value of the [OTC derivatives market](https://www.bis.org/publ/otc_hy1911.htm) to be $640 Trillion in 2019! And that doesn't even include exchange-listed derivatives like most common option contracts. **More sober estimates put it somewhere north of $1 Quadrillion.** [**Visual Capitalist has a great graph that demonstrates the monstrosity of this number.** ](https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/) **Numbers of this size are hard to wrap your head around- this is equivalent to a million billion, or a thousand trillion- for reference, the US economy is around** [**$22 Trillion**](https://www.thebalance.com/us-economy-facts-4067797) **and the world economy is estimated to be** [**$88 Trillion**](https://www.visualcapitalist.com/the-88-trillion-world-economy-in-one-chart/)**- thus the entire world economy could fit into the notional derivatives market 11x over and STILL not reach it. Every single bank is exposed, either directly or indirectly, to this market. For example,** [**Deutsche Bank ALONE has over $47 Trillion in Notional gross exposure**](https://www.wsj.com/articles/does-deutsche-bank-have-a-47-trillion-derivatives-problem-1475689629)**- TWICE the size of the entire US Economy!** + +Through the magic of financial engineering, Deutsche is able to create a net exposure of only [$22 Billion](https://www.marketwatch.com/story/deutsche-bank-pegs-its-derivatives-exposure-at-about-22-billion-and-faces-challenges-in-shedding-those-assets-2019-07-26), equivalent to 0.046% of the notional. Thus, although on paper its risk is extremely small, the actual risk to the firm is enough to wipe it out basically overnight. This is what happened to institutions like [AIG in the 2008 crisis](https://insight.kellogg.northwestern.edu/article/what-went-wrong-at-aig) \- they insured more products than they could ever cover, and when the firms they insured came calling they were quickly forced into bankruptcy, requiring a [$182 Billion bailout from the Federal Reserve](https://www.thebalance.com/aig-bailout-cost-timeline-bonuses-causes-effects-3305693). + +**If the hedge funds with derivatives exposure (like Archegos) are the equivalent of an office rigged with nitroglycerin, the banks are stadiums full of 50 gallons drums of this shit- and the DTCC/ICC/OCC are the equivalent of a nuke. Counterparty risk, in the form of fuses, runs between all of them. What happens when enough factors on the system start to apply too much pressure? BOOM.** + +[Los Alamos Testing Grounds, Nuclear Bomb](https://preview.redd.it/5v1y6jl288771.png?width=619&format=png&auto=webp&s=5f5d79be62330c3b5d940e8291e5f09e8098df44) + +# + +# Why hasn’t anything happened? + +This is the question most people ask themselves when they first learn about this. The reason is actually very simple. **As long as money keeps flowing into the Casino, the gamblers feel little risk, so no one pulls out. The Fed continues to print money, equity/bond prices continue to rise, and since there’s “no risk” of the underlying falling in value, everyone keeps their money in the pot, and the poker game continues.** + +**The profits made from derivatives trading are enormous, and any bank that stopped doing this would quickly lose investors, because they would instantly take their capital out and take it to another bank that actually is profitable. It's all a confidence game- as long as everyone is confident, prices keep rising, and the cash keeps pumping in, the party will continue.** + +Warren Buffet famously turned down calls to buy Lehman Brothers during the darkest days of the Financial Crisis- he understood a key concept, that derivatives (especially when they make up the majority of your fund (hey Kenny :) ) **are equivalent to Financial** [**Weapons of Mass Destruction**](https://www.prospectmagazine.co.uk/economics-and-finance/financial-weapons-of-mass-destruction-brexit-and-the-looming-derivatives-threat)**, able to destroy entire firms, and indeed entire systems, in one fell swoop.** + +[Quote from Berkshire Hathaway Shareholder Letter, 2002](https://preview.redd.it/7w246k8788771.png?width=520&format=png&auto=webp&s=eb53cda3ac21b700914e06661121670f92e2a858) + +In the tumultuous month of October 2008, this system was beginning to unravel. The money draining out of the financial system due to bank runs and frozen credit lending started to light fires in multiple financial institutions. The bombs that were Bear Sterns, AIG and Lehman had already blown up, and the fire was spreading through counterparty risk throughout the system. In fact, we were getting dangerously close to hitting the switch on the nuclear warhead- As Timothy Geitner (Pres of New York Fed) put it, “[We were a few days away from the ATMs not working](https://www.youtube.com/watch?v=QozGSS7QY_U)” (start video at 46:07). (Seriously, go watch this documentary. Its fucking AMAZING). + +And the worst part of all of this? Even to this day, Regulators, and indeed even financial industry insiders, are completely blind to the risk. **OTC Derivatives are essentially unregulated- NO ONE knows the true size of this market. Worse yet, the traders inside the bank are using optimistic versions of the Efficient Market Hypothesis and VaR models to estimate their risk, which comes out to essentially 0 due to the risk models and net exposure hedging. Thus, they pile on more risk every day, ensuring that this problem continues to grow-- until the entire system explodes.** + +Smoothbrain Overview: + +* Analysts noticed statistical patterns in stocks. Small moves (1%) were much more common than large moves (20%). **They created models called Value-at Risk, which predicted extreme losses were not just unlikely, they were virtually IMPOSSIBLE.** Thus Fund managers feel more confident, and gamble on riskier and riskier investments. **The Financial Services Industry STILL uses these VaR models today.** +* Eugene Fama creates the Efficient Market Hypothesis. Since prices are “random” they are unpredictable- and also always “right”. Thus there is no way to beat the market, the best thing one can do is leverage up and ride the market up. +* Certain market dynamics like index arbitrage, counterparty risk, and shorting (both legit and naked) **create positive feedback loops, processes that feed on themselves EXPONENTIALLY (‘The Ouroboros’) to the upside or downside. These processes can lead to extreme dislocations in price movement, like a short squeeze (GME) or a rapid equity market collapse (Black Monday).** +* Derivatives are created with the goal of reducing risk, and they do, to a certain extent, but they also **amplify risk- and create potential losses multiples greater than what the fund managers expected.** +* Through hedging, traders believe they reduce net exposure and thus overall firm risk. After hedging, they feel safe buying exotic financial products and leveraging the firm even more. They believe that their ONLY RISK is Net Exposure- but the TRUE RISK is Gross expsoure- **They essentially are BLIND to the real exposure of the firm.** +* The entire financial system is filled to the brim with derivatives- everyone is exposed. **The total notional market is estimated to be somewhere around $1 Quadrillion, with some estimates putting it even higher.** This represents what Buffet called “[A Time Bomb](https://www.investopedia.com/terms/d/derivativestimebomb.asp)” in the market- as long as money flows in, the party continues. Once it stops, the Weapons of Financial Destruction are unleashed. + +&#x200B; + +# Conclusion: + +The modern international financial system, unhinged from the fetters of regulation and oversight, has created a derivatives monster whose tendrils reach across the globe. **Fed by the incessant money printer and holding the retirement funds of generations, this machine continues to bet, in ever-increasing amounts, in the greatest casino ever created. This monster, as long as it is nourished by cheap credit and ever increasing flows of cash from the Federal Reserve, will continue to grow.** + +**This is part of the reason why I believe the Fed is in the endgame- they KNOW that they cannot turn off the liquidity hose,** as they would risk destroying the system in its entirety. They have to convince themselves and the market with constant assurances that inflation will remain low, risk is non-existent, and their balance sheet can continue to grow without consequence. **Secretly, just like Citadel and Melvin, they are starting to realize they are in a burning building with no way out.** + +**BUY, HODL, BUCKLE UP.** + +**>>>>>>>TO BE CONTINUED >>>>>>> PART THREE “THE MONEY MACHINE”** + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. Hyperinflation is GOOD FOR GME--- DEBT VALUE COLLAPSES, MONEY CHASES ASSETS (EQUITIES) pushing the price UP, so shorts will have to cover) BUY AND HOLD.** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). +Right. I made a massive loss the 2020-21 year. Sent my EOFY statement to a H and R Block. But only the 2020-21 statement from NAB and not the previous year (2019-20) where I made most of my buys. Just forgot to send the one with the buys. The bloke checks it, gets his boss to check it and writes an an email to the effect of - 'sorry to be bearer of bad news, but you owe 20k in tax because of your trading'. +What the fuck... So he basically just looked at sells and not buys and works out those sells somehow started from zero (every statement has a buy/sell of course) because those buys were in the 2019-20 year. +I sent an email back. No response yet. Just a warning to be cautious and educated because even a franchise like H and R Block have proper mullets working there who don't understand how CGT works. + +Stay safe. +My first time...... Y'all seem alright so here goes + +Share price: $1.60 +Mc: $238.158m +Shares: 148.85m +Sector: Materials +Disclaimer: Held + +(Edit: sorry, this is getting long now, was trying to avoid that) + + +About: + +Calix is a science/technology company that has developed a patented kiln technology ('Calix Flash Calciner') to process and extract minerals. Their technology allows them to address major global challenges through practical industrial solutions. The calciner technology is the foundation of their business, so you should try to understand it as well as you can. It will help with understanding future projects, announcements and research wherever it leads you. (Note: Kiln/calciner technology has literally not been updated/modernised for thousands of years) + +Tech - Summary: + +- Calix's patented calciner processes minerals via indirect heating rather than traditional direct heating. This results in a higher potency end-product, and is more environmentally friendly and efficient. + +- This also allows for capturing of carbon as a by-product to be repurposed or sequestered at a later date. + +- it's actually pretty simple and pretty smart. I suggest you checkout their YouTube coz [They explain better I am not scientist](https://youtu.be/88fIfcPLW2s) + +Currently, areas of industry that are being addressed are limestone and cement, waste-water treatment, aquaculture, agriculture, and advanced battery industries. + +Basically, they're addressing climate challenges facing major polluting industries and providing solutions. A major one being the cement industry, which contributes roughly 8% of global CO2 emissions. They are currently building their LEILAC-2 (Low Emission Intensity Lime And Cement) facility in Hannover after successful pilot in Belgium. + +Financials: + +FY20 + +Revenue: $24.44m, up 75% compared to FY19 + +EBITDA: $1.5m up 224% "" + +Profit/loss: -$7.08m, up from -$7.49m in FY19 + +- Acquisition December 2019 - US-based Inland Environmental Resources Inc. for $9.7m (AUD.. I think) + +- FY21 Trading Update (ASX announcements, 6/11/20) Figures as of end October: + +Total revenue YTD: $8.38m (up 124% vs YTD FY20) + +Sales revenue YTD: $5.78m (up 333% vs YTD FY20) + +Most revenues attributable to waste water treatment and aquaculture sales verticals as far as I'm aware. + +Why I like them: + +Great execution thus far. Good relationship with industry. R&d support from Aus govt (incl. tax bens and grants) and European Union. Bloody true blue Aussie business ay. + +Mgmt: + +See here because that's enough words from me + +https://www.calix.global/who-we-are/our-leadership-team/ + +For the podcasters: + https://open.spotify.com/episode/6jri8UaX52Nm05y96PoBit?si=cxrTc8djROWQwLYxIU3xLg&utm_source=copy-link + +KEBAB OUT + + +~ Updated + +Summary of products and solutions on market + +Products/Solutions + + +~ These are just summaries compiled into one doc. Please click links to further research, which will lead to Calix’s pages where you can see examples of practical uses and results in the real world. + + +~ Text is mostly direct from Calix’s website and sections contained within. Few and minor personal additions have been made. + + +~ ACTI-Mag = Magnesium hydroxide or Mg(OH)2 + + + +1. ACTI-Mag for Wastewater + + +a) Caustic soda (sodium hydroxide/NaOH) replacement + + +- While ACTI-Mag is typically more expensive than 50% NaOH on a “price per unit” basis, it is significantly less expensive in use – because every 1.0 kg of 50% NaOH can be replaced by 0.6 kgs of 60% Mg(OH)2 to provide the same number of moles of hydroxide (OH-) for pH neutralization. + + +https://www.calix.global/solutions/caustic-soda-replacement/ + + + +b) Alkalinity and pH adjustment  + + +- ACTI-Mag provides more CaCO3 equivalent alkalinity on an equal weight basis when compared to hydrated lime and caustic soda which lowers chemical consumption. Unlike caustic soda, ACTI-Mag is non-hazardous and non-corrosive, and even beneficial to the environment while sodium is a salinity hazard. + + +https://www.calix.global/stabilise-ph-and-boost-alkalinity/ + + + +c) BOD (biochemical oxygen demand) / COD (chemical oxygen demand) reduction  + + +- Reducing BOD/COD means that the sewage will support the growth of less bacteria and therefore the effluent will be better able to infiltrate tight soils. We can help you reduce the organic component from your wastewater streams. + + +https://www.calix.global/bod-cod-reduction/ + + + +d) Fats, Oils and Greases control  + + +- Higher concentration of FOG can lead to the formation of fat bergs (lol), scamming, pump blockages, pipe restriction, pipe blockage plus the formation of odour related issues like hydrogen sulfide gas (H2S). ACTI-Mag is a safe and environmentally friendly solution for FOGs in wastewater + + +https://www.calix.global/food/fats-oils-and-greases-control/ + + + +e) Odour and H2S control  + + +- Hydrogen sulphide is present due to anaerobic activity, which favours sulfate reducing bacteria (SRB) and results in the generation of a poisonous rotten egg gas called H2S. Unlike other agents, which can be costly, potentially hazardous, and targeted at a single issue, ACTI-Mag offers a safe and cost-effective strategy for managing odour. + + +https://www.calix.global/odour-control/ + + + +f) Phosphorus removal  + + +- Phosphorus – usually in the form of phosphates – has to be treated and reduced from the wastewater in order to meet environmental standards before it is discharged into a local water body, or land irrigation. With a chemistry similar to the antacids used in our human digestive systems, Calix can safely and cost-effectively remove phosphate from municipal and industrial wastewater. + + +https://www.calix.global/phosphate-removal/ + + + +2. ACTI-Mag for Biogas Management + + +- Treating wastewater from water utilities and industries has a dual potential benefit. Treated water can be recycled to help cut down industries’ fresh water use, and the waste load in wastewater can be converted to biogas and used to produce electricity. + +- Anaerobic digestion is a natural process that converts organic matter present in wastewater sludge into biogas for electricity, as well as significantly reducing the contaminant load in treated water. + +- The energy produced from the biogas can be fed back into the grid or used in other parts of the production process, which represents a real opportunity to reduce energy costs. + + +-  Key benefits: +Boost biogas volume by up to 20% + +Reduced soluble phosphate in the waste stream  + +Increased power generation from biogas  + +Less corrosion in generators and heat exchangers + + +https://www.calix.global/creating-renewable-energy/biogas-management/ + + + +3. Aqua-Cal+ for Aquaculture + + +-  AQUA-Cal+ is made by flash calcining a mixture of magnesite and dolomite (contains calcium) to produce a unique, very high surface area powder, and then hydrating the powder to produce a slurry for ease of application to ponds. It has been specially formulated to impact on both the aqueous and benthic ecosystems in the pond. + + +-  AQUA-Cal+ works as a water and pond bottom conditioner; clarifying the water, controlling pH and releasing alkalinity as required to aid in the digestion of organic matter. + + +-  With stabilised conditions in the pond, stress is reduced. When stress is reduced and water conditions are improved, both fish and prawns become healthier and more productive. Reduction in prawn mortality rate.  + + +-  Sludge volume reduced - pond bottom septicity is prevented + + +-  Iron suppression: Conditioning with AQUA-Cal+ removes the iron by flocculation from the water, significantly reducing turbidity and toxicity. The stocking of the pond after the water is conditioned reduces the subsequent mortality of the post-larvae. + + +- Results from trials on both Pacific White Shrimp and Tiger Prawns show that AQUA-Cal+ has a superior performance to probiotics in controlling ammonia, nitrite and pond bottom sludge. + + +https://www.calix.global/food/aqua-cal/ + + + +4. Aquc-Cal+ for Lake and Pond Remediation  + + +-  Algae control  + + +- Eutrophication in ponds and lakes has become a major environmental problem. + +- Nitrates and phosphates, especially from lawn fertilizers, grass clippings and leaves from surrounding parks, run off the land into rivers and lakes, detergents, food and human waste are often to blame. This, combined with little water movement can cause unpleasant odours and persistent blue green algal blooms. + +- Eutrophication can have serious effects, like algal blooms that block light from getting into the water and harm the plants and animals that need it. If there's enough overgrowth of algae, it can prevent oxygen from getting into the water, making it hypoxic and creating a dead zone where no organisms can survive. + + +-  Water clarification  + + +- Ph and alkalinity control, sludge digestion, removal of bad odours, reduction in phosphate and ammonia (struvite reaction), provide additional O2. + + +https://www.calix.global/lake-and-pond-remediation/ + + + +5. BOOSTER-Mag for Crop Protection  + + +-  Calix BOOSTER-Mag is a revolutionary (their words) agricultural solution for increased yield, more efficient fertiliser usage, insect/pest management, and fungal control.  + + +-  Safe, low-cost, environmentally sustainable and easy to apply, BOOSTER-Mag can improve yield and natural resistance to pests and diseases. It demonstrably provides a sustainable safety, simplicity and productivity benefit.   + + +https://www.calix.global/food/making-crop-protection-safer/ + + +6. LEILAC for Carbon Capture  + + +- LEILAC is piloting a breakthrough technology that will enable both Europe’s cement and lime industries to reduce their emissions while retaining, or even increasing international and cross sectorial competitiveness. + +- Carbon capture is not yet included in the available technologies for cement and lime.  The international and EU community recognises that CO2 emissions contribute to climate change, and the approach to reducing such emissions to-date for the cement and lime industries has been to increase kiln efficiencies and utilise alternative fuels. Once tested in LEILAC and scaled up, Direct Separation should reduce the costs of carbon capture considerably and accelerate the deployment in both industries.  + +Calix’s technology re-engineers the existing process flows of a traditional calciner, indirectly heating the limestone via a special steel vessel. + +This unique system enables pure CO2 to be captured as it is released from the limestone, as the furnace exhaust gases are kept separate. + +It is also a solution that requires no additional chemicals or processes, and requires minimal changes to the conventional processes for cement as it simply replaces the calciner. + +https://www.calix.global/reduce-co2-emission/project-leilac/ + +  + +OP’s conclusion: In my personal opinion, Calix’s competitive advantage lies in its environmentally conscious, top-down approach to being part of the solution of decarbonising big industries. They are all highly competitive spaces with a lot of different players working on a bunch of different things. At the end of the day it will be hard for them to be leaders in all, or even one, of these areas. However, the company is still young when you think about the scope and breadth of advantages to different industries that their technologies and processes accommodate.  + + +~ As always this information is for education purposes only, and is in no way a buy, hold or sell recommendation. Don’t seek financial advice from Reddit.  +Alright boys and gals, the DD on this sub has been sorely lacking for a while now so time for me to rectify the gap. I’ve been meaning to write this for over a month now and in that time the SP rose 33% and IMO it’s still got room to grow. Not financial advice, DYOR etc. + +**Ticker:** AFL + +**Current SP:** 0.42 + +**Market Cap:** 25.84 million + +**What do they do?** + +AF Legal - a Family Law firm with offices in Sydney, Melbourne, Brisbane, ACT and now WA. They basically do all the yucky legal stuff that comes out of divorce, or those property-type disputes that happen when your wife’s boyfriend claims you owe him rent for sleeping on his couch. + +Their ‘pitch,’ or point-of-difference, is that they use data-driven analytics to determine where their customer-base is, and then organically grow through digital marketing strategies and targeted acquisitions. This is pretty new stuff, at least for the legal profession, as in my experience (source: AM a lawyer) most law firms are very old-school in terms of customer acquisition even when operating at scale. Most firms grow from small businesses that rely almost entirely on customer retention and acquisition through relational means (ie. “My best mates cousin said you screwed his ex-wife over in their divorce, can you help me get >50% of our valuable beanie baby collection?”). + +Do I think that’s significant enough to invest? No, not really. But it does indicate to me that their planned acquisitions (which they seem to be foreshadowing a lot) won’t fall over immediately because the customer-base is there. I also don’t really need a flashy reason to get involved in this one anyway; IMO the fundamentals are there and the USP is just a nice-to-have. + +**Financials:** + +Revenue of $7.03M in FY19/20, compared to $429K in FY18/19. + +Profit in FY19/20 of $324K, compared to loss of $1.2M in FY18/19. Their biggest expense is employee benefits ($3.5M) which to me seems reasonable; most operating expenses for law firms are tied up in employee payments (it IS a service industry). + +As of July 2020, they had roughly $1.5million in cash/equivalents, and around $7.9M in equity. Importantly, they don’t seem to be getting themselves into massive amounts of unserviceable debt, nor going in the wrong direction compared to FY18/19. + +Their first quarter for this FY showed a continued growth in revenue of 34% (compared to the same period last year), and gross profit up 74%. + +All in all, we’re looking at MASSIVE growth in terms of revenue and a fast turnaround from loss into gross profit. I don’t think we have to worry about shit like capital raises which also stabilises the SP. + +**COVID Impacts** + +So the legal profession was significantly impacted by COVID, but for most firms (depending on your area of practice) this was only for a short period before bouncing back, and in some cases to levels higher than pre-COVID. Most courts shut down after the restrictions hit, but then within a month or two were back at full operating capacity through utilising online hearings or other means. Basically people will ALWAYS need lawyers and COVID hasn’t changed that. Some of the smaller firms have gone under which has meant that the larger firms (like AFL) can capitalise; by buying clients from dead firms, or hiring cheaply from a larger-than-normal pool of staff. + +Also, the area of law (Family) is relevant, as there will be an increase in demand for those services during/post COVID, and in fact we’re already seeing it. People locked in with each other has meant the death of more relationships, increases in family violence, and people with more time on their hands, which can only be good for business! It’s fucking grim, but welcome to the world of the law. + +**The chart:** + +It looks like this: + +https://preview.redd.it/oepek7vod4z51.png?width=2184&format=png&auto=webp&s=7cffcfcfa3d63df780c2a8a5ef3c0a72cdc69fde + +Am I good at technical analysis? Fuck no. Am I also happy to look at squiggly lines? Yep. (Also, bonus: they look like they’re going up!) + +**Outlook:** + +The most recent announcements from the company have all been about growth; they opened a new office in WA, and most recently in Melbourne’s North. Overall, I think things are looking good, and I don’t really see any significant market events that could shake investors faith. IMO the SP is going to reflect continued growth. I don’t think it will spike or plummet, and is more likely to be one of those solid plodders, that just slowly grinds up over time. That’s my kind of investing babyyyy!! + +TL:DR 🚀 🚀 🚀 +My ex and I were together for nearly a decade and owned our home together. When I originally bought the house, I put both of our names on the mortgage, but paid for everything myself, and have continued making mortgage payments entirely on my own. + + +Unfortunately, we've decided to split up, and because I paid for 100% of the house so far, she said she'll sign whatever she needs to in order to give me 100% equity in the home. + + +I've spoken to our mortgage lender, who said that unfortunately, an FHA loan like ours only allows us to remove a name if we can provide a divorce decree, which we don't have due to us never being legally married. Our only other option would be to sell or refinance, which is an absolute last result right now due to how bad the market is doing. Finally, we could obviously stay as is, but that adds risk in the sense that she could eventually decide she wanted half the house, or at bare minimum she may have trouble renting her own place due to her name still legally being on the mortgage. + + +Right now we owe \~400k and have a 3.5% interest rate. Looking at the math for refinancing right now seems like it would be financial suicide to refinance. Sale wise, I'd love to keep the home, but I'm not sure if I have any other real options. The home has appreciated in value, Zillow estimates it's worth \~600k now, but I'm not sure what sort of tax implications I'd have if I sold the home and didn't immediately put the money into a new property. + + +Would love to get advice on if there are any other options for us? +I have a day job from 9am-3pm. (I work for family and they work with my schedule because of my kids) after I pick up both kids I don’t get home until 5. The second job is now fedex. Start time is 8:45pm. I’m part time and they said it can be anywhere 4-6 hours and I picked Monday-Friday. I already know fedex is going to be something I regret but I’m desperate at this point. + +I’ll be starting next week on Tuesday 😅 +My wife and I went to look at a car this weekend and thought we'd get decent financing, as I've worked really hard to bring my credit score up after some negative credit issues from back in 2008. Equifax, Transunion, and Experian websites all say that my credit is 695-700 (slight differences between them) but the dealer came back and said, I was at 580-600 because they "use a different calculation" for vehicle financing. + +Is there truth to this or am I getting fleeced? +Hi all, + +As the title says - I been made redundant at my old company, two days before a job interview with NSW health. I didn't mention it to the interviewers that I was let go since they didn't ask. My CV would show as currently working since I applied before redundancy. + +Two weeks later the interview (today) I actually got an informal offer by the interviewee, and told me they'll be doing the formal check process. I replied with a quick thank you, but now realize that HR might call up my old company to ask if I'm still working. + +Anyone working with NSW health know if this this an issue? Should I email to my new boss to give her a heads up about this? On the other hand I'm worried that doing so would give up my salary bargaining power if they know I'm currently unemployed. + +edit: thanks y'all - guess I've been worrying too much! Just going to sit back and enjoy a few days of pre-employment rest. + + +Hey everyone, + +every place I go, youtube channel, mentor video, forums, I see comments like "Hey, I'm new to trading, and....." + +Seems like this field is pumped with new blood every-day, day dreaming people who imagine themselves working from home 2 hours a day and making a living out of it, and especially hand full of scammers and fake gurus who provide those hopes. + +What do you think on that? + +The reason I'm writing it, is because I saw those two videos (I cant attach, because the moderators will remove this post, but I'm talking about Steven Dux and Alex Temiz). + +Now just for the sake of that example, the similarities are suspicious. + +They are both "famous", they are both 24-25 years old, both of them got dumped by their hot girlfriend which made them move into day trading, both of them failed and lose money at the beginning, both of them "found a way" to short penny stocks because anyways they were always wrong, both of them became millionaires from shorting stocks, and both of them are now "willing" to "help" new traders (just for a 300$). + +Like many people, I want also that all of this will be true, I want to become a day trader, but sometimes we need to be able to disconnect our feelings, and look at the situation objectively. + +Thanks for any comment. +SPY seems to have run further than what is healthy from my point of view. The underlying macroeconomics do not support the recent move up and I believe we've gotten ahead of ourselves here. + +That being said, the market can be a pain for quite some time for shorties and we might see even further upside. A short at 410 with SL at 425 could be a good play though. + +&#x200B; + +https://preview.redd.it/ekscyovefv1a1.png?width=1428&format=png&auto=webp&s=b11f70e7fabab849f8c9a5267711a3cdd2870dab +I use this as a way of seeing in real time if I get an unwanted / fraudulent transaction. I mention this given the increased potential for these kinds of transactions to occur from all the data breaches we’ve had recently (just got another email, this time from ahm about data being stolen). + +I’m not sure if this is common knowledge or not, but sharing in case it’ll help someone. +Hello Everyone! + +It's been a bumpy ride, but every rocket has some turbulence! After some issues uploading the winner files, I have finally gotten everything sorted, as such, I am ***over the moon*** with excitement to bring you your new community awards!! + +# Everyone, please give it up for your winners! 👏🎉 + +![gif](04kkdrurixl71 "I have waited so long for this moment. +") + +|Winners|Award Title (See awards below)|Winnings| +|:-|:-|:-| +|1st u/Luma44|**You Wrinkled my brain**|Community Award: 5000 coins. 1 year Reddit Premium| +|2nd [u/smoothaped](https://www.reddit.com/r/SuperstonkAwards/comments/p7q2jq/smooth_brain_award_by_usmoothaped/)|**Smooth Brain Award**|Community Award: 2000 coins. 1 year Reddit Premium| +|3rd [u/GlassGoose4PSN](https://www.reddit.com/r/SuperstonkAwards/comments/p7rky8/chair_man_by_uglassgoose4psn/)|**Chair Man Award**|Community Award: 1000 coins. 6 Months Reddit Premium| +|4th [u/Gerdione](https://www.reddit.com/r/SuperstonkAwards/comments/p7romf/superdiamondgrip_by_ugerdione/)|**SUPERDIAMONDGRIP**|Community Award: 1000 coins. 6 Months Reddit Premium| +|5th [u/bamblebae](https://www.reddit.com/r/SuperstonkAwards/comments/p7ppvk/all_seeing_kitty_by_ubamblebae/)|**All Seeing Kitty Award**|Community Award: 1000 coins. 6 Months Reddit Premium| +|6th u/MrFerno|**Where's Ken**|Community Award: 1000 coins 3 Months Reddit Premium| +|7th [u/pablobend](https://www.reddit.com/r/SuperstonkAwards/comments/p7q4to/proof_or_ban_award_by_upablobend/)|**Proof Or Ban Award**|Community Award: 500 coins 3 Months Reddit Premium| +|8th [u/DewyOtter](https://www.reddit.com/r/SuperstonkAwards/comments/p7qu56/jacked_to_the_tits_by_udewyotter/)|**Jacked to the Tits**|Community Award: 500 coins 3 Months Reddit Premium| + +Edit: We are aware that the gif awards are not working right. I am in touch with the winners to work on a solution. Seems to be an issue with Reddit, as we have tested their own animated award files and they will not upload properly either. \*stay tuned\* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Please stay tuned for these new awards, I will be uploading them right after this post goes up. If you'd like to walk down memory lane, I will be reopening the r/SuperstonkAwards sub, though please note that the winners are set in stone and that this is only being done so that we can have an archive of all the awesome art. + +Also, after much thought, it didn't feel right for any of these amazing submissions to be Mod-Only Awards. They were made by the community, for the community. The only downside to this change is that the awards will not be able to grant premium to the recipients, but I feel that is a rather small drawback if it means more people can gift them. That said, if there is a large outcry for this change to be reversed, we can consider it-- I felt this was the better way to go, but I can be wrong sometimes 😅. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Luma44](https://preview.redd.it/2llnoimgixl71.png?width=512&format=png&auto=webp&s=a4af2120fa7416c477496aca70f72d40f431225a) + +&#x200B; + +&#x200B; + +[Smoothaped](https://preview.redd.it/48ff8ioiixl71.png?width=2000&format=png&auto=webp&s=b0305529b6f457c967f45a3ef20b4e9696982457) + +&#x200B; + +&#x200B; + +[GlassGoose4PSN](https://preview.redd.it/jg5h35kjixl71.png?width=512&format=png&auto=webp&s=9a7ba9b9f11982fbb7f01afd0b7462881bda49b4) + +&#x200B; + +&#x200B; + +[Gerdione](https://preview.redd.it/qjml3dikixl71.png?width=1024&format=png&auto=webp&s=ce9e738ee6ec281966fb692c2157c0880c1b538b) + +&#x200B; + +[BambleBae](https://preview.redd.it/00cgsvblixl71.png?width=740&format=png&auto=webp&s=abdb767065c8f8255281b8fa2e8f78b087dc2a4f) + +&#x200B; + +[MrFerno](https://preview.redd.it/e5c8ko3mixl71.png?width=512&format=png&auto=webp&s=828f87803ca2646783a30494d34c5a730ba3ca91) + +&#x200B; + +[Pablobend](https://preview.redd.it/bfvn4xvmixl71.png?width=512&format=png&auto=webp&s=117656c457611a7a16a05766f46cbe25969bc9ba) + +&#x200B; + +[DewyOtter](https://preview.redd.it/us8wsainixl71.png?width=1024&format=png&auto=webp&s=bfacf4998a83f1fe415929c738884e14c8ce061a) + +&#x200B; + +TL;DR: New Awards, have fun! +So I know a lot of people here have been suspecting that the crypto markets have been used to suppress GME's price. Theoretically, if this is true, we should be able to see an outflow of crypto being sold (obv going down) that correlates to the outflow of GME shares being sold, right? Maybe I'm getting ahead of myself, let's look at some charts. + +&#x200B; + +[Figure 1: Correlation between a certain coin's sell this morning and GME price drop](https://preview.redd.it/adlxhtdxy3m71.png?width=1364&format=png&auto=webp&s=4924b075521f57a2c81ea9c818b4688a0cb2cab7) + +**Figure 1** shows what tipped me off to look at a certain coin this morning. I noticed that the charts are surprisingly correlated. But most interestingly, I noticed that **in the beginning of the day GME was setting higher lows and overall appeared to be trending upward**. What does this mean? Take a look at figure 2 here: + +&#x200B; + +[Figure 2: Higher lows BEFORE a major sell event occurs](https://preview.redd.it/q8ejovzzy3m71.png?width=1497&format=png&auto=webp&s=82ff56e3c2e2e6e3a549d0c122a5b92835c963ea) + +**Figure 2** shows the upward trend that I spoke about further up. This morning, it appeared that GME was flirting with a breakout in the upward direction, setting higher lows and suggesting that the **SHFs were losing their ability to suppress the natural price movements of the stock.** Then, out of nowhere, we see a dump from around 10:45 am EST to around 11:15 am EST. + +Ok, so at first glance it looks like there's some correlation here. But let's try to get some math behind this and see if our thesis can be validated. Theoretically, **we should see the same (or similar) dollar-value** numbers of **coins sold** from around 10:30-11:00 as **GME sold** from 10:45-11:15 (gives them around 15 minutes to start the dump after selling their coins). + +Let's use our friend OBV to get our figures... + +[Figure 3: OBV on GME from 10:45-11:15](https://preview.redd.it/c40f4ax2z3m71.png?width=1501&format=png&auto=webp&s=2e12d3e251819b9445b96581c024e0b5b2d0a8e6) + +As we can see here, there is a sudden drop on OBV from around 895,000 shares to around 730,000 shares. That gives a difference of 165,000 shares of GME that were used to suppress the price (895,000 - 730,000 == 165,000). Now let's convert that to dollar values... 165,000 shares \* $200 = $33,000,000. **So, SHFs theoretically used $33 million to attack GME this morning** (rough figure, obviously these are estimates)**.** + +Ok, great, so SHFs used $33m for this attack. I wonder how much bert-coins was sold this morning... + +&#x200B; + +[Figure 4: OBV on a certain crypto from 10:30-11:05](https://preview.redd.it/0q376165z3m71.png?width=1815&format=png&auto=webp&s=b48374c4102233b2345cee788864e43c66e8a9c4) + +Wow so uh, that's a lot of coins sold. Let's add some user error here and say it's 630 that was sold this AM. Let's also say that, on average, this coin was sold at around $48k a coin. **630 \* $48,000 == $30,240,000.** + +Holy. Fuck. It appears to me that this morning, SHFs ran out of money to continue to suppress GME's price. Their solution? Sell their most speculative assets (cryptocurrencies) in order to get more money to continue their price suppression campaign. **90% of the dollar-value volume used to sell crypto and GME this morning can be found on the OBV of the above coin.** They are likely also selling their other crypto holdings to account for that other $3m. + +&#x200B; + +**Tl;dr:** I have found mathematical proof (or, at least, heavy suspected correlation) that some big player purposefully sold cryptocurrency this morning in order to raise enough $ to suppress GameStop's natural price action. My theory is that SHFs have run out of money to suppress the price, and are now selling off their other assets to delay the MOASS. + +I'm not a financial advisor, but my tits are jacked. + +&#x200B; + +edit: I was a bit overzealous with the title as many pointed out, "correlated charts and price movement" is probably more accurate. Deserving of the inconclusive flair for that alone, apologies for the slight clickbait. +A quick list of things to look forward to in the near future for Ethereum. + +- Layer 2 scaling solutions to reduce gas fees (Optimistic roll ups, zkRoll ups, Sidechains are nearing implementation with many beginning to be adopted) +- EIP 1559 to again tackle issues with inflating gas fees. +- Change from Proof of Work to Proof of Stake. Over 100,000 validates have now been successfully running the ETH 2.0 beacon chain for a couple of months now. That’s over 32,000,000 ETH locked in the security of the network with unbelievable levels of decentralisation. +- Developers continuing to build projects on Ethereum. +- $35 Billion now locked in DeFi on Ethereum based applications. +- NFT markets are exploding in popularity. Many of which are built on top of Ethereum. +- Ethereum is currently completing 1.2 Million transactions per day showing huge usage of the network. + +A dip is a short term pain which we must endure for future success with our investment. If you are aware of these underlying fundamentals of Ethereum the blockchain then your investment into Ether is still a sound one. If you haven’t heard of any of these fundamentals that I bullet pointed, a quick google search will lead you to further knowledge about Ethereum. It should go without saying but this is not financial advice I just really like the token. +I put my feet to the fire and bought my first property.. Now I'm hungry for more. but I don't have the capital that I used to have. So I'm looking into growing my portfolio with single family / multifamily homes ranging in the 40-60k range. Ive read a lot about the BRRRR strategy which involves gettting a house under market value with some cosmetic issues.. remodeling it and then taking out a cash out refi loan assuming you will get a good margin for the new value of the house after remodeling. now with this money, on to your next house!! It seems like a great plan but I have some questions!! + +1. most banks/ credit unions are telling me I have to wait a minimum of 6 months after closing before I can get a cash out refi.. They say its a federal standard.. Is this true? is there any way around this?? I mean I want to get the cash back out as soon as Im done remodeling and move on to the next house. + +2. Wouldn't A HELOC also work for this strategy? if so.. which would be better? and what really is the difference? + +3. Ok so with this strategy lets say I get a house for 100k sink 20k on down deposit and 10k in renovations and now 2 months later its worth 150K. I get a cash out refi for 135K. So now clearly my monthly payments will be higher now that Ive gone from a 100k mortage to a 135K mortgage. and if I do HELOC it will just be another bill to pay aswell.. This obviously has to be taken into account when doing this strategy right? I mean thats why they say find a house that generates 2% purchase price... Or is it 2% the refinance price? which would make more sense? + +cheers reddit! + +&#x200B; + +&#x200B; +Just saw a screen shot of a zillow offer where they're charging a service fee of 14.1% on a purchase price of $380,000 + +People who sold to zillow... you paid them this?! +Hi, this is my 2nd property, and I am screening prospective tenants. I had said small pets welcomed. + +However, this person has an 50 lbs dog which they are calling as Emotional Support Animals. + +What should I ask for? Im sure you guys have received applicants with such clauses or claims. + +I am afraid they will tear up the place and make the whole place a stinking mess. + + +What are your thoughts? How have your dealt this? + Whaddup fellow apes. I didn't want to have to be the guy who points out all the negative things about the squeeze.. but no one else is doing it. And don't call me a shill until you read the whole post. + +&#x200B; + +I've been thinking about the MOASS a lot lately. In doing so I realized that the MOASS will have its permanent consequences. Are you willing to accept the consequences? + +&#x200B; + +Now I know what you're thinking... + +https://preview.redd.it/29a7lp97hft61.jpg?width=889&format=pjpg&auto=webp&s=cb4be9a29110576c497248230a3bcbaadea1b5ad + +So here goes it. + +&#x200B; + +**10 Bad things about the MOASS** + +&#x200B; + +1. **My chances of getting eaten by a shark go up dramatically.** I get to go to the beach 1 week of the year if I’m lucky. After the MOASS, I will likely be living on the beach. I will also own a boat. Thus, I will be in the ocean a whole ton more. + +2. **I will be in pain more often**. I don’t know about you, but I hate sunburn. It is the worst. I do not look forward to having sunburn more than twice a year. Not to mention all of the dangerous sports I will be partaking in. Skiing, snowboarding, waterboarding (the fun kind,) bungee jumping, skydiving, white water rafting, etc. + +3. **Driving will be more stressful.** Right now I drive a car that is worth no more than $4k. I don’t care if I run over a ~~child~~ curb or get it all scratched up. Now imagine driving ~~a brand new~~ Kenny G’s repossessed lambo. It would almost be more stressful to drive than anything. I probably couldn’t even enjoy it. + +4. **TGIF just won’t be the same…** Fridays are the last day of the work week. After you get off of work on Friday, you have the weekend to look forward to. After the MOASS, every day will be the weekend. Not to mention the fact that I get excited to be paid on Fridays. Ugh... my lyfe about 2 suk. + +5. **My favorite foods won’t be as good anymore.** You ever like a song so much that you listen to it on repeat for a week straight? Then you hate it? It will be the same with food. Post MOASS, I will only be eating all of the foods that I enjoy the most (ribeye steak, chipotle, any form of potato, Mexican food.) I will most likely get tired of them. I do not look forward to this. + +**6.** **People will be more fake.** Right now, I am just an average guy. I don’t have much too offer. My future is about as bright as gargantua. With that being said, I know that all the people who like me now, actually like me for me. They are not trying to benefit from me or anything. They just enjoy my company (I think.) Post MOASS, all types of people will be looking to befriend me. Some people won’t actually befriend me because they like me. But because they want to benefit from me in some way. I will have to weed through to find the true friends. + +**7.** **My electricity bill will go up substantially.** Right now I live in a 1000 sq ft. apartment. Post Squeeze, I will be living in a minimum 6900 sq ft. primetime beach front property. I can’t even fathom the amount of electricity it will take to keep the lights on. Not to mention the fact that I will be running several bitcoin mining rigs and charging all 4 of my Teslas (Model Y, Model S, Model X, Cybertruck.) + +**8.** **I will be lonely.** I interact with hundreds of people daily. 90% of these interactions are at my day job. Post MOASS, I won’t have a day job. I fear that I won’t interact with people at the rate that I do now. The only place that I will be able to interact with people is at the lambo dealership, the country club house, or maybe the occasional penthouse party. Here’s the thing though. All of these places will be saturated with rich people… and rich people are the worst. + +**9.**  **Video games won’t be enjoyable anymore.** I love playing video games. I’ve played them since before I could even comprehend what they were. Post Squeeze, I fear that I will have a hard time enjoying video games. I will have plenty of free time to play them but the fact is that my new post squeeze life will be so awesome that video games will become dull. Not sure if it’s worth it imo. + +**10.** idk yet tbh + +&#x200B; + +**BONUS Post Squeeze Issues from** u/inmyfavor + +**1.** **I will become much more frustrated.** I currently play golf once every week or two. However, post MOASS I will have significantly more time and money to golf whenever I want. This will inevitably lead to me being much more frustrated. This will not be good for me as I cannot be much more stressed than I already am at my 9 - 5 job. The MOASS will definitely lead to more frustration in my life. + +**2.** **I will be sick more often**: I do not get sick very often currently. Post MOASS, I will constantly be getting nauseous on the various flights I will take to and from various tourist destinations around the world. This will not be beneficial to my overall health and will deteriorate the quality of my life. + +&#x200B; + +Take that for what it's worth. \[insert rocket emojis here\] + +Edit: thanks for the awards bois... but honestly now I’ve peaked on reddit. Now my smaller posts won’t even be that enjoyable now that I’ve had the high of all these awards and upvotes. Ugh. + +&#x200B; + +*Disclaimer: This is not financial advice. It's not even really advice at all. It's just explaining why the MOASS might not even be worth. Idk tho... i eat crayons.* +I’m a 19 year old making $31,200/year as a part time nanny. + +I’m in college but only have about $2,500 in student loan debt, which I don’t have to pay off until I’m out of college. I also have a car loan in my name that I pay off monthly, and always put a little extra toward. + +I have been putting $250 in a Roth IRA account each month, but thinking off bumping that up to $500/month because I know how much it pays off to get started early. I have a balance of $3,472 in my Roth IRA and a balance of $6,250 in my high yield savings account. + +What do you guys think? Should I be prioritizing maxing out my Roth IRA or should I be saving more/paying off debt? +**Purpose**: The purpose of this thread is to monitor the development of $T throughout the trading day. + +**Catalyst**: [AT&T Merger with Discovery](https://www.marketwatch.com/story/at-t-in-talks-to-combine-warnermedia-assets-with-discovery-11621195712) + +UPDATE: [MERGER CONFIRMED](https://www.streetinsider.com/Corporate+News/AT%26T+Confirms+Deal+to+Merge+Media+Assets+with+Discovery+%28DISCA%29/18427657.html) + +**Importance**: Monitoring the change in price of a dividend-stock during a significant catalyst allows us to make certain decisions: + +1. **Price Appreciation**: Sell off % of positions for capital gains, reorganize portfolio. +2. **Price Depreciation**: Buy the dip, add positions to portfolio. + +**Pre-Market Condition**: + +* Price appreciation by **1.46%** (+$0.47) as of 4:55 AM EST. +* Price appreciation by **3.01%** (+$1.01) as of 7:00 AM EST. + +**Regular Market Condition**: TBA + +&#x200B; + +**Analysis**: + +Although market sentiment seems to be mixed, certain analysist have pointed out that the forthcoming merger will not only allow AT&T to expand its streaming services, but will also expand their customer base. Recently, AT&T raised its 2025 subscriber target from 90-95 million set in 2019, to 120-150 million (Bloomberg Intelligence). + +This development, however, would also add to AT&T's massive amounts of debt, exacerbating its existing problems with overleverage ([see AT&T Leverage DD](https://www.reddit.com/r/dividends/comments/ncz06p/we_need_to_talk_about_att_stock_dd/)). + +Right now, the direction of the security is still unknown, but it will be very interesting to see how the market reacts to the potential merger. Feel free to discuss your moves, and any developments regarding AT&T. +I started a dividend portfolio with $8000. Right now I have KO, JPM, APPL, WM, SBUX, O, DIS, and MSFT. What other stocks should I look at? Also should I just reinvest my dividends or should I also deposit money into my account monthly if I can? TIA +Sorry if this has been posted or asked a million times already but what is everyone's goals with their portfolio? Is it possible to invest/reinvest your dividends for 30 years to the point you can just live off your portfolio and retire? I know there are so many more moving parts and questions to ask like how much your investing and which stocks are you holding but is everyone's plan here to live off their dividends or just use it as another source of passive income? +https://www.cnbc.com/2022/12/09/wholesale-prices-rose-0point3percent-in-november-more-than-expected-despite-hopes-that-inflation-is-cooling.html + +Wholesale prices rose more than expected in November, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. + +The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago. Economists surveyed by Dow Jones had been looking for a 0.2% gain. + +Excluding food and energy, core PPI was up 0.4%, also against a 0.2% estimate. + +The release comes amid other signs that price increases at least were decelerating from a pace that had put inflation at its highest level in more than 40 years. However, the data Friday, which tends to be a leading indicator of underlying price pressures, shows that shaking off inflation could be a long slog. + +This was the third month in a row that headline PPI increased 0.3%. On an annual basis, the increase represents a decline from the 11.7% peak hit in March, but is still well ahead of the pre-pandemic pace at least going back to 2010. +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. +Hi all - ive been a long time lurker here and have bene trading options for about 8 months. I am very diligent when it comes to selling options, logging every trade, following economic news closely etc. + +I started my account with $15,000 in April, took it to $40k two weeks ago. I FOOLISHLY made really good easy money day trading SPY credit Spreads, and so I tried it again and lost about 12K. + +My account is now sitting at roughly $21K and ive decided to take a break. My method of slow and easy was working great, earning 0.5 to 3% per weekly trade selling 5-10% OTM Calls or Puts, but I got greedy. + +It really hurts, any advice for losses? At least my strategy wasn't the issue, it was pure greed.... +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I have read about the 2% rule of risk management. That every position shouldn’t be bigger than the 2% of your portfolio. + +Does this mean that if I have $10.000 I should have 50 positions of a $200 each? + +My main concern is that the more positions you have. You are more exposed. Any advice? +So I had a classic modest theta win close out at open today. + +Sold PCS 14 DTE expiring this Friday on GME (I know, I know). 33p/23p, Net credit $0.60. Set an order right away to close out at $0.05. + +I get a notification at open that my order has executed *at $0.79/$0.74*. + +Fine by me at the net $0.05, but at 4DTE someone paid $0.74 for that 23p (when I checked the bid/ask a bit later it was 0.00/0.17) and someone scored $0.79 for that 33p (bid/ask was 0.06/0.07). +I’ve been selling TSLA CC’s for a few months now. My “strategy” has basically been to sell CC’s early in the week (Monday or Tuesday) that expire the Friday of the following week. I set a strike price of roughly 7.5% higher than the current price. + +I used to be able to sell these for roughly $700 or higher. Now these same calls seem to be going for *much* cheaper. Around $300 or so. + +Anyone know why this is or a good way to track option prices / premiums for X amount of days out and a strike price of Y% over market? +(DON'T TALK ABOUT BITCOIN AND CRYPTO IN THIS THREAD!) + +Did you ever buy one stock with a large sum of money in comparison to your net worth? If so, why did you do it? + +Did the strategy work out well for you? + +I have often been thinking about it, but honestly I have been afraid to do it, so I stick to buying index funds. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, I sense the energy building. It is the same energy that precedes the upward breakouts we've had in the past. I can't quite pinpoint exactly what it is this time, but I've seen an uptick in FUD (or FUD-adjacent) posts, increased focus on options versus DRS, unexpected movement to borrow rates and RRP utilization, and even unusual upvote/downvote ratios on Diamantenhände. As we approach this holiday weekend, I have a very strong feeling that we are in for quite the ride. + +So naturally I bought more yesterday. + +As we await more announcements about the NFT marketplace and games, and see the surge of Apes making the transition to the GameStop Wallet, let's take a moment to appreciate just how well-targeted this endeavor is. GameStop has a loyal fanbase who are frequently at the forefront of digital trends, and are very eager to move into a better form of digital economies. I couldn't be more excited for where they are taking this. + +Today is Wednesday, May 25th, 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: **$90.03 / 83,98 €** *(volume: 1773)* +- 🟩 115 minutes in: $89.74 / 83,72 € *(volume: 1674)* +- 🟩 110 minutes in: $89.73 / 83,70 € *(volume: 1671)* +- ⬜ 105 minutes in: $89.14 / 83,16 € *(volume: 1294)* +- 🟥 100 minutes in: $89.14 / 83,16 € *(volume: 1286)* +- 🟥 95 minutes in: $89.24 / 83,25 € *(volume: 1286)* +- 🟥 90 minutes in: $89.30 / 83,31 € *(volume: 1222)* +- 🟥 85 minutes in: $89.57 / 83,55 € *(volume: 964)* +- 🟥 80 minutes in: $89.84 / 83,81 € *(volume: 948)* +- 🟥 75 minutes in: $90.46 / 84,38 € *(volume: 671)* +- 🟥 70 minutes in: $90.48 / 84,41 € *(volume: 553)* +- 🟥 65 minutes in: $90.61 / 84,52 € *(volume: 522)* +- 🟩 60 minutes in: $90.67 / 84,58 € *(volume: 451)* +- 🟩 55 minutes in: $90.66 / 84,57 € *(volume: 448)* +- 🟩 50 minutes in: $90.62 / 84,53 € *(volume: 427)* +- 🟩 45 minutes in: $90.58 / 84,50 € *(volume: 406)* +- 🟩 40 minutes in: $90.52 / 84,44 € *(volume: 404)* +- 🟩 35 minutes in: $90.50 / 84,42 € *(volume: 377)* +- 🟩 30 minutes in: $90.48 / 84,40 € *(volume: 335)* +- 🟩 25 minutes in: $90.35 / 84,28 € *(volume: 289)* +- 🟥 20 minutes in: $90.22 / 84,16 € *(volume: 215)* +- 🟥 15 minutes in: $90.28 / 84,22 € *(volume: 215)* +- 🟩 10 minutes in: $90.29 / 84,23 € *(volume: 182)* +- 🟥 5 minutes in: $90.25 / 84,19 € *(volume: 177)* +- 🟩 0 minutes in: $90.32 / 84,25 € *(volume: 74)* +- 🟥 US close price: $89.15 / 83,16 € *($90.11 / 84,06 € 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 1.072. 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! +Hey, guys. So, I've recently been in conflicting thoughts with the whole 'savings' mindset. Basically, I got my first proper full-time job in August and since then I've saved £2k which I'm pretty proud of. + +I come from a pretty conservative family (in the adjective sense, let's not get political, ay?) and I've always been taught to be careful and save your money. My dad has been working a very stressful, but high paying job for about 20 years now and has secured a beautiful home. His plans were to retire relatively soon and move to Lanzarote with his partner. We then had some devastating news that my dad has bowel cancer, and we're not too sure on how his future is going to play out as its still pretty early days. + +So, that got me thinking. Is there much point? What if my Dad has worked his ass off for all those years with the plans of having a wonderful retirement, for nothing. What if I limit myself to having a great time in my youth with holidays, cars etc, for nothing. + +I dunno, I just feel like I need some guidance. Anyone got some advice? + +Cheers in advance. + +**April 2021** + +Sadly Sporklin a Dogecoin developer for 7 years loses her [fight against cancer](https://cryptopotato.com/dogecoin-developer-sporklin-dies-cancer/) + +In one of her [last post](https://www.reddit.com/r/dogecoindev/comments/lpucjw/dogecoin_can_reach_1_with_significant_dev) she is clear on how much involvement/ impact Musk has had. + +*“Elon has nothing to do with Dogecoin which has been made clear repeatedly … Elon has come to play with Dogecoin for years on social media, it was only recently that people tried to turn that into something it is not … Things have not changed…Elon is not on board with anything, Elon does not have anything to do with the project, the listings, the engagements…Nothing. He memes and trolls.”* + +**May 2021** + +On Twitter Elon the now dubbed Dogefather announced : "[Working with Doge devs to improve system transaction efficiency. Potentially promising.](https://twitter.com/elonmusk/status/1392974251011895300?s=20&t=vILjxrPe0-pgjeaeWucMiw)" ... the price of Doge surged. + +In a now deleted tweet Dogecoin co-founder Jackson Palmer cautioned followers saying.. *"Reminder: Elon Musk is and always will be a self-absorbed grifter."* + +**Nov 21** + +Last Dogecoin GitHub Master branch [commit](https://github.com/dogecoin/dogecoin/commits/master) was over 7 months. + +Although still signs of some life [on dev branches](https://github.com/dogecoin/dogecoin/branches) + +Last release, [6 months ago...](https://www.reddit.com/r/dogecoindev/comments/qpkk46/dogecoin_core_1145_released/) + +**Jan 22** + +In a long awaited Dogecoin announcement, the headline says Tesla [accepts Dogecoin](https://www.investopedia.com/tesla-accepts-dogecoin-for-merchandise-5216067) but the reality says its only for certain items in its shop like a belt buck and Tesla shaped whistle. + +**Feb 2022** + +Core developer Ross Nicoll [steps away](https://rnicoll.name/posts/2022-02-16-stepping-away/) from the project referring to stress, a potential lawsuit against the developers and lack of funds the foundation has to pay him anything at all despite the Billionaire supposingly having Devs back. + +**Apr 2022** + +In a [Twitter thread](https://twitter.com/michilumin/status/1517958353024020480?s=20&t=_9ZUgcvPqct44NLcE4qKMQ) another Dogecoin developer Michi Lumin again paints a picture of an underfunded foundation.... + +*"When influencers say that the Foundation has tons of funding lined up, or that we're building out infrastructure - and people believe that - it actually harms the @DogecoinFdn because people who would otherwise be willing to help go "oh, they have it all taken care of", This bothers me because we're not actually a club full of rich people. Many of us still work day jobs to make ends meet but still want to see #dogecoin proceed and succeed. Tales of palace intrigue end up being things we have to spend time answering to, as well...and the propensity for certain sections of the community and media to be thirsty for the next scandal or conspiracy actually puts a lot of strain on an already fairly stressed crew."* *"Yes, we're trying to get sustaining funding in order to do some of the 'big ideas' we want to pursue. A lot of what you read on social media in regard to this is completely made up for clicks and engagement-We still have a lot of hard work to do. Wish ppl wouldn't make it harder."* + +On the whole after over a year there has been no dramatic revelation or support for [Dogecoin development](https://gitgitlog.com/dogecoin).. think it's safe to deduce that once again.... Elon Musk is most likely Twitters biggest spam bot 💩 +*Sources:* [*Forbes*](https://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/)*,* [*CNBC*](https://www.cnbc.com/id/45674390)*,* [*New York Times*](https://www.nytimes.com/2011/12/04/business/secrets-of-the-bailout-now-revealed.html)*,* [*Huffington Post*](https://www.huffpost.com/entry/bernankes-obfuscation-con_b_1147291)*,* [*Bernie Sanders press release*](https://www.sanders.senate.gov/press-releases/the-fed-audit/) + +**This is why we need cryptocurrency**. From December 2007 to November 10, 2011, the Federal Reserve, *secretly and without the awareness of Congress and the people*, funneled about $19.6 trillion to bail out the big banks on Wall Street and around the world. Just 14 global financial institutions received 83.9 percent or $16.41 trillion. These are the same institutions that were responsible for the financial crisis in the first place. + +&#x200B; + +[A list of the corrupt banks that received the secret bailouts and the amounts they received. \(source: http:\/\/www.levyinstitute.org\/pubs\/wp\_698.pdf\)](https://preview.redd.it/i1hurh03uwu61.jpg?width=510&format=pjpg&auto=webp&s=e25abd8ee3fd35aaed81273344ee71cdb23d2780) + +This was only found out because Bernie Sanders amended the Dodd-Frank Reform law to audit the Fed, pushing the GAO (Government Accountability Office) to step in and take a look around. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. This was the first audit of the Fed in the history of the United States since its beginnings in 1913. Unsurprisingly, this was scarcely reported by mainstream media – albeit the results are undoubtedly newsworthy. I find it funny that the American people were absolutely outraged that the federal government spent 700 billion dollars bailing out the “too big to fail” banks. Well, that bailout was pocket change compared to what the Federal Reserve did. Keep in mind that the GDP of the United States for the entire year of 2010 was only 14.58 trillion dollars. 19 trillion dollars is an almost inconceivable amount of money. + +Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was **absolutely no debate** about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. I find it pretty evil that they had such incomprehensible amounts of money to throw around to corrupt financial institutions while regular people were suffering and struggling to find jobs. This kind of gross corruption is what led Satoshi Nakamoto to create Bitcoin. + +tl;dr - Fuck the big banks. Fuck the Federal Reserve. Take back your financial power. Be your own bank. +it started out as just a $100 payday advance here and there and now i’m in the negatives after all the repayments came out this paycheck. i don’t have money for groceries and i’m too embarrassed to talk to my parents. how do i get out of this cycle? +I'm so proud of myself. I was just approved for my first credit card, a Cap One Platinum. I never thought I'd get to this point. Thank you for your advice! +Hi, + +I work as a PM at a large tech company and as part of my job it's important for me to understand major technology trends. I put this post together to outline a major technology trend (bottoms-up sales) and to analyse some potential investment opportunities to go along with this trend. + +Please let me know if you found this post valuable. I'm considering starting a tech/investing newsletter where I analyse tech trends and look at associated investment opportunities. Would love to know if that's something people would be interested in. + +&#x200B; + +**Bottoms-Up Software Sales** + +The "bottoms up" go-to-market strategy is the main sales strategy used by some of the world's fastest growing enterprise software companies, from Atlassian to Zoom. + +The premise behind the bottoms-up strategy is simple. Instead of taking a top-down approach, where software is sold directly to company leaders (CEO, CTO etc), bottoms-up software can be adopted by individuals or small teams at a company before expanding to being used company-wide. + +For example, Zoom is often initially adopted by individual salespeople to run a remote sales call before being eventually adopted company-wide to run all company meetings. + +There are huge opportunities for public investors who can understand and identify companies that are successfully using the bottoms-up strategy. In this post, I'll explain the benefits of a bottoms-up strategy and list some exciting public companies using this strategy to their advantage. + +## What's so special about bottoms-up? + +There are a number of distinct advantages to the bottoms-up strategy that makes for incredible businesses and investments. + +&#x200B; + +* **Lower cost of customer acquisition (CAC).** Traditional top-down software companies such as Oracle and SAP spend a massive amount of money on sales. They need to since they are selling to C-level executives and their products typically cost millions to implement. Bottoms-up businesses don't have this problem. Users can sign up to their products directly from the website in minutes. Therefore they spend far less money on sales and can acquire customers for far less. +* **More money for R&D.** Since bottoms-up companies don't need to employ a large sales force, they can spend more of their revenue on research and development. They can either focus on improving their current product offering or building brand new products. + * This creates a really powerful flywheel effect. Less money spent on sales = more money for R&D = a better and faster improving product = more customers = less money spent on sales.... +* **More chances to be adopted.** Top-down companies only really get one or two chances to sell to a customer. If the CEO doesn't like your sales pitch, there's not much you can do. Bottoms-up companies have hundreds of chances to be adopted since they can be adopted by individual employees or small teams. +* **You can sell down-market.** Many of the best SaaS (software as a service) products are used by both startups and large companies due to their bottoms-up strategy. This allows them to access a larger total addressable market, generate revenue early, get quicker feedback and to also grow revenue naturally as their customers grow in size. Top-down companies typically don't sell down-market due to the high sales costs involved for them. + +## What to look for in a bottoms-up company + +Not all bottoms-up companies are created equal. Here are some important things to look out for when evaluating investment opportunities. + +&#x200B; + +* **Look for a "receptive" market.** The bottoms-up strategy is not a one-size-fits-all approach. The approach just doesn't make sense for some products and markets. E.G. Payroll software needs to be adopted company-wide for it to be effective. Whereas project management software can be easily adopted by individuals or small teams. This is a receptive market. +* **World-class design.** Bottoms-up companies can only be successful if their products can be easily adopted and used by individual users. To provide value quickly, these products need to be intuitive, simple and a joy to use. Look for products that fit this description. If you are unsure on how to evaluate design quality, go to websites such as G2 and read customer reviews. +* **Growing average revenue per customer.** Bottoms-up products are easily adopted by individual employees. However, the real test of a bottoms-up product is whether or not it spreads within each customer and starts to generate more and more revenue. Look for companies where this is happening. If a bottoms-up company is only growing through new customer acquisition then this is a bad sign. Their product is not being widely adopted at each customer. +* **High sales efficiency ratio.** In the same vein as the advantage of having a low CAC, high quality bottoms-up companies should have high sales efficiency ratios as they need to employee fewer salespeople than top-down companies. +* **Moving up-market.** While the ability to sell down-market is a big advantage, you should be wary of companies that only sell down-market. Look for companies that sell to both Fortune 500 companies and startups. + +## Bottoms-Up Companies + +Below are some bottoms-up companies that are, in my opinion, great investment opportunities. (Please note, that this is not investment advice and just the companies that I'm excited about for my personal portfolio). + +### Asana ($ASAN): + +Asana is a project management software company that IPO'd in late September. It is the archetypical bottoms-up company; individual users/teams adopt Asana to run their own projects before it is eventually adopted company-wide as the go-to project management tool. + +I like Asana for a couple of reasons: + +&#x200B; + +1. **Asana's sales efficiency is 1.15.** This is a very healthy number for a newly public company and shows that their bottoms-up strategy is working very well. +2. **R&D spend is 64% of revenue.** While this may seem incredibly high to some and could be a negative sign at a more mature company, as explained above bottoms-up companies live and die on the quality of their product. A high % spend on R&D shows that Asana's management clearly understand where their money can create the most long-term shareholder value. +3. **Product & design quality.** This is an entirely personal opinion but I've used Asana extensively and it's the best-designed project management tool I've ever used. +4. **YoY revenue growth of 85%.** Even though Asana is a relatively young company, revenue growth of 85% is incredibly impressive. + +### Slack ($WORK) : + +Slack is a business chat/communications tool for companies. Colleagues can send DMs to each other, create channels (chat rooms), private groups and more. It is becoming the de-facto internal communication channel for many of the world's fastest growing companies. + +I like Slack for a couple of reasons: + +&#x200B; + +1. **Product stickiness.** Once Slack is adopted company-wide it is incredibly hard to replace. The deep customisation allowed (different channels, private groups etc) and the amount of stored knowledge in the system means that many companies would almost grind to a halt if they could not use it. They would not be able to effectively communicate. This is in contrast to a tool like Zoom, which could be fairly easily replaced if better video conferencing software was available. +2. **Average user activity is 90 minutes per day.** The average slack user spends 90 minutes every day on the platform. This is an incredible example of the value that slack is providing to it's users and is indicative of a bottoms-up product that is getting adopted company-wide. +3. **65 of the Fortune 100 use Slack.** As mentioned above, a critical measure of a bottoms-up company is whether or not they can move up-market. Slack is being used by some of the world's fastest growing public companies. It is also used by Amazon, which at the time of writing is the 3rd largest company (by market cap) in the world. + +### Honourable Mentions: + +Below are some more bottoms-up companies that are definitely worth investigating. + +&#x200B; + +1. Zoom ($ZM) +2. Atlassian ($TEAM) +3. Datadog ($DDOG) +4. Zendesk ($ZEN) +5. Hubspot ($HUBS) + +&#x200B; + +Would you be interested in reading more posts like this? If so, please let me know in the comments. Thanks +I'm new to the group and have been finding some of the advance strategies extremely helpful in my own journey. I'm 35, married with about $2m net worth with my wife and I combed income around $350k a year. I wanted to know if you guys had some advanced strategies for college savings for nieces and nephews outside of 529 plans. + +We do plan on potentially having one or two kids in the next year, if at all, but I also recognize that my siblings (4) are not as financially secure as I am. Two are teachers, one does HVAC, the other works for the city in the court system. I'm the one that 'got out' and left the city I grew up in and moved away for a successful career in banking (not a finance guy though). I try to help out my family as much as possible, but they don't like to discuss finances in general and don't like advice when making big decisions (it is frustrating when I see things like bad car loans with high interest rates because they just "didn't know" they could get better rates elsewhere). I have two nieces and one nephew where I highly doubt the three sets of parents are able to sock away much, if at all, for future college expenses. + +Other than contributing few hundred each paycheck that doesn't have a material impact on me, should I do anything other than aiming to max out the 529's that won't impact my FatFire goal by 40? +MD at Global financial institution earning 350k and with 4m net worth in HCOL (including primary residence). Looking to inherit another 1.5m this year. My job is fairly easy but still forces me to follow a 9-7 type workday with the occasional late evening or weekend work. + +I'm considering giving up my safe job and try to revive the family business (I'm the only one qualified). I'm currently living the business class life and i could upgrade to first or even private plane if I'm successful. + + I feel i can survive 2 years on my inheritance and if it fails, i should be able to find someone to employ me at a similar level as i do now. It will mean cutting back spending at first (not too excited about this part) but I'm looking forward to having more flexibility in how i structure my day and in trying something completely new. + +Any experiences or tips anyone can share? +Hey everyone, + +I created a spreadsheet to track & analyze stocks. + +**I fixed a couple of things, so if you already have a copy make yourself a fresh one!** + +[**https://docs.google.com/spreadsheets/d/10MRjupIWNNAO4fdKkgW9QM\_IUpPrduHtKz\_JiS8JUUA/edit#gid=1116024769**](https://docs.google.com/spreadsheets/d/10MRjupIWNNAO4fdKkgW9QM_IUpPrduHtKz_JiS8JUUA/edit#gid=1116024769) + +**It consists of two sheets:** + +1. **Tracker:** A watchlist to track stocks and automatically pull financial ratios and data. +2. **Fundamental Analysis:** A way to automatically pull financial statement data, ratios and metrics for analysis. + +Everything is **automated**, the only things you have to change are the **tickers** and **data points** you want to pull. + +**Getting Started:** + +1. **Open it, go to File and click Make a Copy** +2. **Follow all of the instructions on the "Guide" tab** + +**Use the sheet in this way:** + +1. Add new tickers to column A of staticData +2. Sort column A of staticData by A-Z after adding new tickers +3. Add the ticker you want to analyze to A1 of fundamentalAnalysis + +If you end up adding new rows to Tracker or staticData you'll need to make sure the formulas are applied to each column, do this like you would in Excel, drag the cells down. + +**If you like the spreadsheet, buy me a coffee!** [**https://www.buymeacoffee.com/oldworlds**](https://www.buymeacoffee.com/oldworlds) +My student loans have went into default. I’m behind on all 5 of my credit cards. Score is completely ruined( in the 400s). Ghosted after multiple job interviews. Working a crappy part time job that just barely helps me cover my bills. I am late every single month on my rent sometimes not paying it until the end of the month. My car needs an oil change that I can’t even afford right now. I’m starving and don’t have any food here to eat. Being poor isn’t fun at all. I’m literally a paycheck away from losing literally everything. +Hello from Greece. Hope this day finds you well! + +So... I have a challenge for myself. I’m planning to live the next month using only the money I make from day trading. Grocery shopping, drinks with friends etc. I will start with 600 euros from my monthly salary and will be trading stocks using Degiro and/or cryptos using Bitstamp. I’m not allowed to use any other money. I will keep an extra 50 euros, though, in case of an emergency. + +Some background. I have a little to none experience with trading. I have accounts on both platforms I mentioned above and although I’m in the green with both, I believe I just stood lucky. The biggest portion of my monthly salary goes to a savingS account and I will do that again this month. + +&#x200B; + +I‘m making this post only to see if there is anyone who wants updates on how this challenge is going. Also, some advises would be much appreciate. Thank you and sorry for my English. + +EDIT: Fuck coronavirus. +Hi guys, + +I'm from the US but a resident of Spain. My income is in euros, obviously. I'm currently transitioning to become a freelancer so income is not totally secure right now - I am holding more cash than would otherwise be the case. The thing is, I'm holding it in euros, which we all know are really weak right now. + +Does this matter for any reason? What I can think is if I send money back to the USA (I have investments there), my euros are going to be worth less than before. Anything I need to purchase from back home is going to be more expensive if I buy it in euros. But as far as products / services here in Spain go, there's not necessarily any reason to think a weak euro is bad, is there? + +I may be totally missing the point here, hence why I'm asking. + +Another point is inflation. My bank account is losing 8+% a year. Any Spanish here? Any recommendations for somewhere simple to put the euros (Spanish or otherwise) to buffer some of the inflation? In the US, for example, we have series I bonds (inflation protected). I really need to hold cash right now, but if there's anything simple out there to help with inflation that might be worth looking into. + +Thanks! +Hi, im currently a student and work parttime, living at my parents place means i have no real spending and make up to 500€/month at my job, state takes care of healthcare (against a nice portion of my monthly income) currently saving on my driverslicense but i have no idea what todo with it after that. I got like 100€ in btc and a bit of silver in my room but i wanted to invest on a monthly basis, are fonds/bonds a reasonable step or should i do something different? +Hi everyone, I'm 18 years old and I live in Italy. Not so long ago I created a current account with my local bank, but I also earn a passive income monthly - not really big numbers, we're talking about €150-250 - which they pay me on PayPal. + + +The question: now that I've earned a few thousands euros, should I continue to keep this money on PayPal or it would be better to move it elsewhere? + +Also: I have no intention to invest it because I will need it for university and I'm not sure about PayPal security level (a friend of mine had a really bad experience). +Hi Reddit, I'm a 17 years old boy coming from Italy who would like to start investing the next month (when I will turn 18). I've already searched a lot about the topic because I liked it. + +I was considering investing in ETF as my age could be a great factor considering the compounded interest. The point is that probably next year I will go to study in America and I'm not sure about where I'm going to live after my bachelor's degree yet. Thus, I don't know which app (where I should buy this ETF) could be the best as well as which type of ETF should I choose (I was thinking about a not so risky S&P 500, but don't know which one) + +I will start with an investment of 5000 euros if it could be helpful to know. + +&#x200B; + +Do you have any tips concerning my situation? + +Which app do you suggest? + +Which ETF could be the best one (I would like to go very risk-free, using it as a sort of saving account)? +Hey, I would like some advice on my personal finance and your stance on what to do with a fairly large amount of money for one year. + +The situation is, I sold RE(\~300k) and signed an agreement to buy a flat(a year ago), which is currently still under construction. Final building approval is due next summer and the full payment is expected afterwards. The money will be needed in full in approx. one year so I would like to avoid any short-term high-risk investment. However, living fairly close to Ukraine and with energetic crisis and recession behind the corner I am wondering, where to put the money to avoid further losses. Also worth noting is the fact, that the money transfer is located in Czechia, thus, the payment will be needed in CZK. + +What currency or other asset(if any) would be the safest bet to exchange into? I have agreement with my bank for exchanging currencies at Reuters FX spot rate, but still, even daily fluctuations result in vastly different sum at the end(at least from my point of view). + +I am aware that I am asking about something unpredictable, but there must be an educated way on how to deal with it. What are common practices, tricks or tips in such situations? + +Thanks for your opinion and I am happy to answer any further questions. +Hello everyone, + +I plan to start investing with a single global index fund strategy. I wanna keep it super simple. I will automate a given amount to invest once per month. However I am torn between two options: + +* Option 1: **Vanguard FTSE All-World** UCITS ETF Acc - ISIN IE00BK5BQT80, Ticker VWRP +* Option 2: **Lyxor Core MSCI World** (DR) UCITS ETF - Acc - ISIN LU1781541179, Ticker LCWL + +&#x200B; + +&#x200B; + +|Index|Lyxor Core MSCI World (DR) UCITS ETF - Acc|Vanguard FTSE All-World UCITS ETF Acc| +|:-|:-|:-| +|**TER**|**0.12**|**0.22**| +|Free commission on Degrio |yes|yes| +|Accumulating|yes|yes| +|**17 years average return** (since March 2005)|**6.20%**|**5.91%**| +|**Net asset value, if invested 1000€/month** (March 2005 to Apr 2022)|[**€572,416**](https://backtest.curvo.eu/portfolio/msci-world--NoIgsgygwgkgBAdQPYCcA2ATEAaYoAyAqgIwDsAHMQKwAsxZAnDsQLptA?config=%7B%22investmentPatterns%22%3A%5B%5B%22recurrent%22%2C1%2C1000%5D%5D%2C%22periodStart%22%3A%222005-03%22%7D)|[**€546,712**](https://backtest.curvo.eu/portfolio/ftse-allworld--NoIgYgKgygogBAQQDZILQHUD2AnJATEAGmFAEkYAGCgIQGkBWagRQgA4KiBGAXV6A?config=%7B%22investmentPatterns%22%3A%5B%5B%22recurrent%22%2C1%2C1000%5D%5D%2C%22periodEnd%22%3A%222022-04%22%7D)| +|Index provider|MSCI|FTSE| + +&#x200B; + +This is [the settings](https://i.imgur.com/Kc2zPff.png) I used for my analysis. + +So overall, Lyxor is cheaper and had better returns. But I am confused why does almost nobody recommend it? As everyone seems to go for Vanguard. +Hello. + +I am English speaking expat living in Austria, and wanna invest my money in ETFs. I have chosen Flatex as my broker, since they do taxes automatically, however, it seems they currently have problems with registration of new users as they are not responding to mails, and identification process is problematic (had to do it twice). + +Since I already have Degiro account, I was wondering how much trouble is doing taxes by yourself, instead automatically by broker like Flatex? + +Also, is this necessary to do every year, even if you didn't take money from broker, or only in a year when you take money (lets say after 20 years)? + +Thank you. +This year me (32 yo) and my girlfriend (27 yo) bought a house in Belgium. Our plan is to payback the loan and finish a rebuild in the next 10 years. During the next years we will mainly be saving for the rebuild and are currently looking into how to safe/invest our money in the mean time. **In what way should we invest while saving up for the rebuild?** + +*More context information:* + +*On this house we have a loan of €100K with an interest of 1.05% (monthly payment is €850). The house is good technical condition and we are happy to live with an old brown kitchen and outdated bathroom for the next 3 to 4 years. By that time we should have saved up €100K for a rebuild where we plan to do an expansion of the house and rebuild the kitchen and bathroom (we save \~€2000 / month). Probably the rebuild will cost us more than the €100K, but the main idea is to pay back the house and finish the rebuild within the next 10 years. Don't know if this is relevant but the price of the house is €235K and it has plenty of space for a large expansion.* + +*General advice tells us you should not look into stocks as we want to spend in about 3 to 4 years from now.* ***Is this the right conclusion?*** + +*While looking into high interest savings accounts we learned they currently do not exist... or at least not in euro / EU (max found is 0.20% interest).* ***Or did we miss anything?*** + +*I'm working in the Netherlands and my girlfriend is working in Belgium. This makes our tax situation a bit more complex and I'm considering to get a tax adviser who specialized in Dutch and Belgian tax.* ***Is this a stupid idea?*** + +I'm quite new to Reddit and I'm amazed about the great discussions that can be found here. This is my first post and I hope it meets all posting rules. I tried to read as much as possible in advance, but also feel I will learn a lot from posting here. +Hello, +I was wondering how can one start investing money whilst in Germany. I've got some money saved and have already started a bit with Trade Republic (some ETFs usw. ) but I am not sure if this is the best way to go. Would this way be the best way? Or should I go to some investment advisor and let them handle my investment money? What other options do I have? + +Thanks. +*Edit2: RIP inbox, 356 comments later. Really appreciate everyone's participation, I think it's been fruitful for us all.* + +*I did have a few comments regarding the holiday, only a couple but my response is as follows. For anyone looking to buy their first home, don't put your life on hold for the sake of the house, be sensible about it. We are living in slightly more difficult times with salaries not increasing the same as house prices but you should still allocate money to enjoy yourself!* + +*I previously had the mentality that I wouldn't go on holiday until I bought a house, let alone spend £5,000 (£2.5k each) on one. After going on that holiday and having 12 days abroad there's no way I would've rather saved it for a house deposit!* + +*Edit: All the lurkers are coming out! Appreciate all your responses guys. I think I often come to this sub and feel the same as some of you, I'm "2X but I'm not on £3X,000+, like the rest of people my age?!" What am I doing wrong?!* + +*I think all your comments have helped provide a slightly more accurate (it still is a finance sub after all) picture for us all* + +*Despite whatever situations we're in, I wish the best to you all and absolutely love this comment from /u/Evil_Berty* + +> **My advice would be “Don’t compare yourself to your peers, compare yourself today to you yesterday”. You seem like your on a good path and seem to have drive and goals. You’ll be fine** + + + + + +What's your salary? Savings? Location? Goals? Housing Situation? + +What's the status of the 18-25 year olds here that are on less than £25,000? + +A lot of the posts I see here are 21 year olds who are on £30,000 but what the rest of us muggles doing! + +Unfortunately I'm still part of the IT crowd on here! Although I did fall into it as a hobby. + +I'm 24, working IT support in a primary school on £21,000. I'm also two years into a Computing & IT degree with OU. Previously studied A Levels in sciences and a L3 BTEC in IT and then a L3 apprenticeship in IT. My partner a similar age in completely different role/sector on £25,000 & we're based the SE in the homes of mum & dad. + +We both have maxed our LISAs for the past two financial years so have £20,000 in total. And we both have £2,000 each in our emergency funds. + +Both autoenrolled into pensions and never looked at them so not entirely sure what's what with that. + +We've recently saved and then spent around £4,000 to £5,000 on a holiday. I think we spent maybe £2,000 on one in 2017. + +Money is now going towards the costs associated with buying a house, currently the goal is about £4,000 (that's excluding moving costs & furnishings) Once this target is hit I plan on funneling the money into the LISA to hopefully max out another year. Also towards another holiday and money is being drip fed into the emergency funds. + +We both have cars around the 10 years old mark and spend around £1000 p/a each on insurance, tax, MOT etc (excluding fuel). + +Partner has got debt (all 0% interest) down from a few thousand down to £200 which will be done with on the 27th. I have no debt other than paying for OU out of my own pocket (can't use the SLC due to interest and my religion) so it's £244 p/m (on 0% interest credit card). + +Plans? Both looking for new jobs, I've hit the ceiling of this place so need out and I'm looking for a salary of at least £25,000-£26,000. Partner is possibly changing from the same role but different sector so around the same salary is the target. + +After that, it's our first house! Our eyes are set on MK. And our budget is estimated at +£26,000 + £26,000 * 4.5 = £234,000 + £30,000 (LISA) = £264,000. A three bed in family friendly area would be nice. + +And that's me. Started the apprenticeship on £3.30p/h then £16,000 for a short while, then £19,000 and now £21,000. (This is the salary over two different job roles) + +Any tips? Advice? What's your situation? I feel like we've mastered our money quite well which is also pushing us for new jobs. There's only so much you can do with your current earnings until the next option is to earn more money. +I post here some times about my successes and failures, and when ever I post about a big win, I get told I'm lying. However, I never get told I'm lying when I post about losses. I don't see why people would automatically assume the worst, I don't gain anything from telling you these things, I'm not selling anything, or running a mentor program. It also doesn't affect me if you believe it or not. I just don't understand why convos of the strategies behind wins tend to devolve into "proof or you're a scammer". +Hey guys, if any of you guys were waiting for a correction and aren’t buying at these prices, something is just wrong. Please don’t ask should I buy now? When bitcoin is back trading at 65k. You have the chance to buy rn, but won’t because you’re scared and hope we’ll drop more. We just had a 50% correction, and you’re hoping it’ll drop more. Don’t miss this great buying opportunity. Good luck and hodl strong. +Wouldn't all those investments not do very well if there wasn't a large segment of the population spending most of their money more or less as it comes in? Isn't Japan sort of in a similar funk right now? + +I'm just bored at work and this hit me. I am not an economist by any means. Let me know why this is a stupid notion. + + +Hey there all, + +I have the opportunity to join a $1B+ start-up as a VP, probably 750k-1M TC annually with plenty of upside on an exit in ~3 years. Founder is a fucking monster name. + +Alternatively, I can stay at my current employer and run NE Asia from Tokyo while my kids are young and possibly enjoy an ex-pat comp package. TC probably 450k, but basically all coming in free and clear given the COL coverage they give. + +Other than the copious dilligence to do on the two options themselves, any remarks or thoughts on how to consider the two based upon this or other information not relating to probability of success of each option? + +Thanks! + +Edits: + +The company is worth 3B and it’s in ai. Not going to name it here. + +I’m realizing the equity component will be significantly more. Given expected growth, my 4Y vesting value will be between 3-9M USD with 3Y being a zero growth scenario (unrealistically low). So I was grossly off on equity comp. +Teacher in the US here so here is my current breakdown of my finances, i'm reading and watching and learning so much but most of the videos i've watched are focused on saving up for real estate investments (This will take me a long time on my salary) but I do enjoy teaching and don't want to leave it for a sales job (non-guaranteed incomes are not for me). + +*Breakdown* +36,000 a year = around 26k a year after retirement, insurance, taxes. +26,000 net +40% goes to living expenses; house,car,food. Utilities are included in my shared housing. +Past two months i've saved 40% of gross and it's just sitting in my banks savings account with an apy of 2% +10% goes to student loans. +10% goes to spending/entertainment (It's not a lot) +**866 to living, 866 to savings, 200~ in variances that is spent on things like gas, restaurants, cell phone bill.** + +I can't really lower my bills/car stuff so 40% of net is about all I can manage to save but at 2% it's going to take years before I see any real returns building from it. Isn't there some better use for my money than this? + +**Edit: As one poster informed me i'm actually saving 40% of my net income, not gross. Sorry for the misleading title I did not realize I was using the wrong term.** + +**Second Edit:** +I will be logging off soon (I didn't realize it was getting this late on a work night) *thank you all for the advice.* +You have given me a lot to think about and research, especially the Roth IRA/Mutual Fund/ETF there are a lot of things I just don't know about that yet. My plan is to contact a financial adviser once I see if my job as a teacher can get me free/cheaper advisement. + +** *Takeaways* ** +Look at paying off student loans first since the PSLF system can be volatile and may not truly help me where I could have paid my loans off earlier with less interest. +Create one of the above terms I don't know funds after talking with a financial adviser. +Use some savings and look into buying a house for the long term equity as I don't plan to move from my area for the majority of my life. (Save for 30-40% down payment to reduce mortgage is my plan there) +Maybe look into getting my Masters Degree for the higher income per year and chance for advancement in the education system. +Increase my emergency fund to 10-12 months if possible (seems long, but I understand having that security would be great for me.) + +I'm sure there will be even better information when I check back before work in the morning. I will do my best to read as much as I can to help make my life more successful in the long run. +I'm retired military that now works in tech...and am pursuing fatFIRE primarily by leveraging my mil/VA benefits and a 3-fund portfolio. While I haven't had any desire to deal with traditional Real Estate...I'm expecting to inherit a significant amount of farmland from my family that is currently rented out for ~$40k annually. I could potentially sell it upon receipt...but I do see diversification benefits that are perhaps even better than traditional Real Estate. The cash rental rates have historically trended with farm commodity prices. And, to be perfectly transparent, the land had significant sentimental value to me having grown up there. + +This is probably a shot in the dark considering the tech-heavy population here...but does anyone have any experience with farmland rental in a fatFIRE context? Are there any tax or overall portfolio considerations that I should take into account? +Raise your hand if when, 10 years ago, gas prices were hitting $4 or $5/gallon you thought the rise of gas prices would never end and go up forever. + +&#x200B; + +Raise your hand if you think stock prices as the dow jones hitting 20k to 29k you thought the rise of stock prices would never end and go up forever. +In August 2021 I had a number of teeth extracted in an oral surgery procedure. They sent me a treatment plan ahead of time that outlined ~$6,500 in fees, with ~$4,000 of adjustments and an insurance estimate of ~$2,000. This meant I had ~$500 that I owed, which I paid at the time of the procedure. + +The procedure went well and I thought that would be the end of it. However, in October 2021 I got an email from the insurance company that I had a new EOB available. I logged in to the portal and saw that the claim(s) were denied due to lack of information (they actually showed two different EOB’s for the one procedure because I guess they split everything into two claims). I called the oral surgeon’s office at this time and was told not to worry and that they would be resubmitting. + +They resubmitted a couple more times over the course of the next few months with the same thing happening, until eventually I saw a claim was approved at the end of February 2022. Now I really thought this was the end of it until I received a letter from the oral surgeon’s office in July saying that I owed ~$1,500 and my account was past due. I reviewed the bill and noticed that insurance paid more for certain line items than the treatment plan stated, resulting in ~$2,000 being paid by the insurance company (in fact the surgeon got slightly more than they expected!) However, because they paid more for the line items, this meant I hit my maximum quicker so the second of the two claims I mentioned earlier was denied. Because of that, there are unpaid line items according to the surgeon’s office. + +I called the office at the beginning of August and got directed to my insurer. There was some back and forth, my insurer called the office, and I was told there was some issue with how the claim was processed and they would submit again. This never seemed to go anywhere though and I got the exact same bill in the mail agin. + +Feeling helpless, I signed up for a program through work called Health Advocate that was supposed to help with this kind of stuff. They looked into the issue, called my insurer, and told me I had met my annual maximum and would owe the rest. I called them to explain further, they called the office, and again told me I owe ~ $1,500. Every time they need to do something though, it seems to take a week and we are still right where we started. Now they are offering to transfer me to their billing savings department but I don’t know if this will help. + +As so much time has passed, I am worried I will get sent to collections. I don’t feel I should have to pay any more out of pocket because the office already got more money from insurance than expected, but I’m wondering if I should just give in and pay to avoid my credit taking a hit and end this stress? Do I have other options? +I’ve Ben watching a lot of biggerpockets on YouTube recently and even have been reading some of the books. I was wondering if anyone on here has started there journey with the biggerpockets advice or if I should take it with a grain of salt. +Where +https://financialservices.house.gov/live + +When: +Feb. 18 at 1200 ET + + +You can watch and be part of historic testimony of u/deepfuckingvalue before house panel. Melvin and Robinhood execs will also try to explain what the hell happened. + +Anyway, some weirdo has titled this virtual hearing: + +"Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide" + +Anyway the details of time and link is here. Hope you have popcorn and beer ready. + +For the first time ever i am excited to watch a congressional hearing. + +"Senator, i just like the stock!" + +.. + + + +Edit: the sad pic here appears automatically from that link. she is the chairperson. May be get a few more drinks and you might see your wife. + + +Edit2: a lot of people are trying to set reminder incorrectly. Just a quick link to instructions on how to use reminder bot correctly https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/?utm_medium=android_app&utm_source=share + + +Edit3: thanks for all the awards. I hope these are all free ones. Use your money for some cheap otm calls. +https://finance.yahoo.com/news/92-of-americans-have-no-idea-what-fixed-income-investing-is-survey-141904342.html + +A staggering 92% of Americans don’t know what fixed-income investing actually is, according to a new report from BNY Mellon Investment Management. + +The online survey, of just more than 2,000 adults, showed that Americans admit to having little knowledge about various fixed-income markets and how to invest in them. + +Two-thirds of investors surveyed believe that investing in equities "requires more knowledge and skill" than fixed-income investing. Almost 30% believe fixed-income investing is intended only for retirement planning and nearly half express they do not know at what point in time the average investor should consider adding fixed income to their investment portfolios. +Long time lurker here, my father dropped some insights on me today about his journey towards financial independence and the mistakes he made on the way and I felt I should summarize and share. +___ + +A little background + +My father came from a low income, paycheck to paycheck family. He watched both his parents work soul sapping jobs for measly pay and vowed he wouldn't live that way. +He worked hard/made some smart decisions and reached financial independence in his early 30s and retired at 45 (He is 56 now). +___ +Sound like the poster child for financial independence right? + +I thought so too but today he confided in me that he is unhappy and wishes he had done things differently. He worked hard to reach FI but felt he missed out on the prime decade of his life in the process. + +He gave me two guidelines to prevent his mistakes: + +(Note: These guidelines actually run contrary to a lot of the wisdom on this sub but bear with me, it's not about throwing FI out the window it is more about leading a more balanced life.) + +1) **Everyday be doing something that makes you smile or be thinking about something that makes you smile.** + +Some people love what they do for a living and that's great but most people don't. We spend a huge portion of our lives working, even if we do reach RE, and it doesn't make sense to to subject ourselves to misery today in order to reach happiness tomorrow. + +So, + +Do something that makes you smile everyday: If you hate your job and could be doing something you love, do it, even if this means earning less and postponing FI/RE. But, if you can't be doing something you love, which is the reality for many that's okay too. You still have to do something that makes you smile though. How you do this is up to you, it could mean saying fuck it and taking a sick day to go on a road trip with some buddies even if it means you can't save up as much this month. + +Reality is different though, we all have rainy days or days we just have to grind and get the unpleasant things done. This however doesn't mean you can't be doing things that make you smile. A great source of happiness is progress towards your goals. A common goal of everyone on this sub is to reach FI/RE, problem is humans are inherently shortsighted and progress towards financial independence is to distant to generate happiness on a daily basis. How do you combat this? Set short term actionable goals that you can see and feel the results of. This could be your related to your FI goals (e.g don't go to starbucks this week and put that $20 bucks saved into savings) or it could be for other life goals like fitness or relationships, whatever you want as long as it helps you get through those unpleasant days with a smile on your face. + + +2.) **The often spouted phrase: "Surround yourself with like minded people" in order to be successful is bullshit. It is more important to surround yourself with friends and family.** + +It depends on your definition of success though. If you think success means having a lot of money then sure go ahead and prioritize your professional relationship, but if you think there is more to success than that then don't neglect your social support network. + +My dad burnt a lot of bridges with friends and family in the pursuit of financial success, and it didn't come back to bite him until much later. The truth is the types of connections you make and nurture to aid your financial success are not the ones that stick around. What's the point in having financial freedom if you have no one to enjoy it with? + +___ + +My main takeaway is that it is easy to focus to on the end goal (FI/RE) and forget about the journey. In the end your happiness is paramount. + + + + + +Forgive me if anybody has said this recently. This just happened to us and I want to share the knowledge! + +We’ve been hearing that home values everywhere are super inflated right now because interest rates are very low and people are using their stimulus money for down payments, etc. Where we live (southeast Louisiana), homes for sale are being snatched up in a day! + +With that information, I decided to call our bank and request a short form appraisal. We currently only have 15% equity. The appraisal cost us $275 and they came last Friday. I just found out our home appraised for $44k more than it appraised for when we bought it in Dec 2017! The $81/month that we’ve been paying in PMI is now gone forever! I know these inflated home values won’t last, but this was a way to use it to our advantage and the PMI can’t come back either way! + +If you’re paying PMI and bought your home more than a year ago, call your mortgage companies, do the math, and see if this might be a risk worth taking for you! The $275 we paid was definitely worth it for us! +Howdy r/personalfinance! My fiancé is 8 weeks pregnant. After quite a lot of talking and hopping back and forth we've decided to continue with the pregnancy and start a family. Off of our income we could raise a child and support ourselves but I absolutely do not want to wreck myself financially or live the rest of our days in poverty. + +Between the two of us we probably pull in 40k a year before taxes. I'm set to begin training for a higher position in the next couple of weeks which should boost our income by another 7-13k in time for the baby. + +She has debt from when she was younger. 600~ credit card debt. 3,500 in car loans. About 700 in hospital bills. + +My total debt is about 1250. Unpaid hospital bill and a debt in collections over a terminated contract with my mobile provider. + +We only pay 150 a month for rent for now. Expected to be 500 in a month or two. + +I personally bring in about 500-600 dollars a week (paid weekly). The baby is expected to be here in October. What can I do with this weekly income to start getting prepared for this baby? + +I'm extremely nervous. This is going to be one of the biggest jumps I'll ever make. I don't have a car. We're living in her parents guest house. I need to get the ball rolling immediately. + +I just don't know where to begin. Please help guide me. I know for a fact that there's a lot of things I should've started doing as of yesterday. I just don't have guidance on the matter. + +Tl;dr - Fiancé is pregnant. 40k a year combined income. I make 500 a week on average alone. Current bills only 150 a month for rent. I don't have a car. What should I start doing immediately. +Mixin Kernel is already an ABFT consensus DAG. To ensure further security, Kernel nodes must run in +Trusted Execution Environment[1]. Specifically, Mixin uses Intel SGX[2] as the TEE implementation. + +The TEE enforcement ensures three important security and trust factors in Mixin Kernel. +1. All Kernel nodes should run the same consensus ruleset. +2. Mixin Kernel will be trusted due to the Intel SGX enclave, even when the Kernel is controlled by several earlier Kernel nodes. +3. Distributed Domain communications will be much more secure.[0] +The underlying logic for the TEE security is that Intel SGX is somewhat trusted for the Mixin system. +Note that, Mixin Kernel is secure by itself, at least as secure as existing BFT solutions. The mandatory Intel +SGX just makes it better. + +https://mixing.one +Ok hear me out… i need someone to talk me out of putting $200k into XYLD. If my calculations are right i can make about $21k a year from this. But I’m not a HUGE fan of these income producing stocks. I usually sink all my money in SPY and walk away from my computer. BUT I’m interested in more income, I have $200k from a house sale and it would be nice to have a ~$21k bump in income. Someone talk me out of this lol. +Why isn't everyone everywhere jumping on the zim ship?? 48 percent dividend ??? So after Israelis taxes you make around 4 dollars a share 4 times a year .. on a 46 dollar stock .. why isn't this the talk of the reddit +They're giant fucking pussies. We're jokingly mean to each other 99% of the time. We say really jarring and intense shit. Now these pussies come in here and bash us for using a bit of naughty laguage. + +I guess you can't make it through college these days without being brainwashed. + +Edit: theres actually someone IN THE COMMENTS SECTION complaining about it being "fucked" that we call ourselves autists. THAT IS THE PROBLEM. Fuck off and die. +I have Skipton's details saved for paying into my LISA. Not wanting to miss this year's bonus deadline, I made a £3,000 transfer to my Skipton account. + +Turns out that they changed their account number and sort code in November, so I've not got the faintest idea where my money has gone. I've contacted HSBC (my bank), but was told they are not able to recall transfers. Though they did give me another number to try with the caveat that they can't guarantee anything. I'll be giving this a try first thing tomorrow. + +I've also contacted Skipton, but it's the weekend so of course I don't expect a reply until tomorrow. + + +Any other ideas what I should do in this situation? +Hi all. + +As title says. Neighbours got a quote on removing the branches of a Holm oak tree that is in our garden but has branches in theirs. They say that the leaf fall is causing them lots of cleaning issues and causing grass to die etc. The quote is 1000. Pretty sure that it's too high (were in SE London for what it's worth) and pretty sure it's for trees in their garden only as opposed to a general trim (waiting on confirmation). + +Should we be expected to pay? They say the previous neighbours split costs but I don't recall this. Seems like if it's in their garden it's their issue. We didn't plant the tree and pretty sure it has a protection order otherwise we'd have removed it. + +If it's a all around reduction then seems more fair I guess. + +Many thanks for any advice. + +EDIT: this is a photo from bottom of my garden up at the tree and from upstairs looking down on their garden to give some context + +https://ibb.co/FHLLzRj + +As you can see the furthest branches do seem to reach quite close to our houses but no where near touching or likely to cause damage from falling. +For context we have another similar tree on the other side which was over hanging garden of other neighbours (who we didnt know) and they took the full cost themselves to cut the trees down. Only asked for our permission to apply to council as its conservation area (rather than specific TPO now that i think about it - potentially!) +Just a small bone to pick with some of the posts I saw yesterday, likening us to lottery winners. Was I lucky when I bought the leading smart contracts platform in march 2020? Was I lucky when I bought NFT tokens in December 2020? Was that nerd you're envious of lucky when he invested heavily into THE COIN in 2012? + +No. My only luck is being able to experience this timeline. For every person like me who believes, there is a person who doubts me. We are well informed individuals, taking advantage of every opportunity life throws at us. + +Further more. I nearly didn't get into web3.0 projects. I was TOLD in 2019. But it didn't click with me until I formed my own convictions nearly an entire YEAR later. + +I'm no Einstein but I know I'm fairly smart. People like me and you... we read the reports, take the data, abstract it in our minds and see what kind of future we can imagine. Then we pull the trigger and INVEST. + +I know many here will suffer imposter syndrome bad when they get their tendies later this year. Yeah yeah, you will have millions n ya crying about this. boo hoo. What's the point in having financial freedom if you aren't happy? + +I've spent hours reading every DD. Started with 1 share for a joke. Bought more because I saw opportunity. Then got fucking greedy because I like what I saw. *Really*, liked what I saw. Went so far as to like the stock, some might say. + +I know I ain't the only mofo who weighed up the risk after reading every single DD n dumped his entire life savings into this. It's been tough these last few months because of it. And when I pays off, I won't be fucking lucky. + +First I was informed. Then I was courageous. Don't wanna be lectured for dumping every penny I have into this, but when you do that it's more than just buying a stock. It's liking a stock. + +I'm sure you're the only guys that will understand this when I say ***I can see the future***. Same thing I thought about every other thing I ever invested in. + + +Biggest risk I've ever taken. Most courage I've ever shown to go through with this. And when it pays off I won't be fucking lucky. Already have an issue with trying to explain my life path to people, when usually it all boils down to a fancy job title. There's no simple word or title which explains the experiences I've gone through investing in early stage projects. Venture capitalist? idk, I don't have that much money yet. + +Sorry, just gettin' emotional about this. I love all apes. And I know the original lottery posts were to try and educate the less financially literate about what to do with their money. I love all apes n ants. Just needed to vent this. Thank you for understanding . + + +I just wanna scream at every uniformed person who says "oh I would have done this" based on hindsight. It is NEVER easy when you're a forward thinker about to pull the trigger and start an investment. It is a well calculated decision. The risk is analysed. And there's a reason not everyone does it. Largely because it requires balls, but it also requires extensive dedication to a topic for months of research. And unless you're the right type of person, most people just don't like that. + +And seemingly in one fowl swoop a person can brush off and undermine your entire life's work because they're ignorant of what it takes. They'll never know + +&#x200B; + +see you in tendie town x +💎🙌🚀🚀🚀🍌🦍 +So we weren't expecting this at all. But we have been tired of renting because we have a young family and it's just such a pain sometimes the places we've lived at not having enough space and having all sorts of rules to follow. But we figured we were stuck renting cause my credit got destroyed about 2 years ago. + +But we threw an application in at a mobile home place and we got approved for a double wide we want! The interest rate is "high" at 8%. And we have to put a larger downpayment down. But were just estatic we got approved and we will definitely be refinancing for a lower rate in a few years. + +I just wanted to tell somebody! +Why why why would the S&P rally after such devastating news? That CPI report will cause the Fed to hike rates even fast. I’ve heard people think the odds of a 1% rate hike is about 80%. So if people expected a .5% or .75% hike and now they expect a higher hike, why would the market rally? + +There’s been way more talk of a recession too. Why would everyone buy stocks when we can expect a crash on the next Fed announcement? What’s going on? Why are markets pumping? +A new documentary named, *Minimalism: A Documentary About the Important Things*, was just released on Netflix. + +Has anyone watched this yet? Any opinions on the minimalist mindset coupled with a quest for FI/RE? How do you think this should this be viewed? Do you think the creators of the documentary are being hypocritical in the sense that the only reason these two were able to quit their jobs was to promote and build their business? They built something, a different model to live by, and they market this model to the masses. They are essentially living off of selling us this paradigm to live like themselves. + +Regardless, I think this is at the very worst a thought-provoking film. I like the overall message and think it meshes well with the frugal and efficient lifestyle this sub-reddit embodies. I look forward to hearing all of your thoughts. + +----------------------- + + +**TOPICS TO CONSIDER:** +-Quality purchases vs. Quantity purchases +-Physical items vs. Digital content +-Sacrifice- Give up something for something greater +-Consumerism vs. Minimalism - A middle ground? +-More specific marketing methods - Circumvent marketing to parents, now marketing straight to kids (McDonald's Happy Meals, Gendered toys action figures/dolls) +-Once luxuries crept towards necessity today +-"Safety stock" for important items? Replacement shirt if it rips, extra cups for potential guests, extra batteries, etc. +-Tiny Houses movement +-Tiny people - teaching children the important of frugality +-Netflix worth it (a little off topic) + +----------------------- + + +"“It's clear that the true problems of our Nation are much deeper - deeper than gasoline lines or energy shortages, deeper even than inflation or recession…In a nation that was proud of hard work, strong families, close-knit communities, too many of us now tend to worship self-indulgence and consumption. Human identify is no longer defined by what one does, but by what one owns. But we’ve discovered that owning things and consuming things does not satisfy our longing for meaning. We’ve learned that piling up material goods cannot fill the emptiness of lives which have no confidence or purpose” – Jimmy Carter + +"Love people, use things" -- The Minimalists + +"The things you own end up owning you." Chuck Palahniuk, Fight Club +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +We keep hearing about the most undervalued coin in the top 50 MC or top 100 or top 200. But I want to know which one project in the top 25 is capable of flipping Ethereum or even Bitcoin in the future? It must have a solid team, working product, partnerships with well known companies, a detailed road map. At the same time, it's price action should be undervalued. So which exactly is that one coin, you think deserves that top 3 spot atleast. Please give some facts as to why do you think it deserves the top 3 spot or even flip BTC/ETH in the future. +Hi all, + +It's been well publicized that falls in Sydney and Melbourne have exceeded 12% and 8% over the past 12 months. This reflects the median price for the whole metropolitan area, but I'd like to get peoples thoughts on how this impacts various suburbs / market subsets. + +In Sydney, suburbs in the inner west have seen drops up to and over 15%, in places such as Lewisham and Haberfield. A little further afield there are suburbs which have recorded 20% median drops, around Bexley and Penshurst. + +(aside - I'm sure there are more examples, but my personal focus over the last 2 years has been on Sydney's inner west and st George areas.) + +Gazing into the crystal ball, what would peoples predictions or expectations about further drops be, if the overall rate was to remain the same or accelerate? Would we see suburbs that have already been hit hard continue to fall further, or will we start to see 'blue chip' areas, like the eastern suburbs and lower north shore start to catch up with areas that have had the largest drops. + +Are there any examples from the USA, Ireland, or other nations that have seen property prices go down, where we can compare the markets within major metropolitan areas? + + +I really want to know if one of you guys (or somebody you know ) has tried the things that he says are good. +Real Estate seems like a legit way of making money , the guy's real shady +I've got most of his free ebooks but i still can't say for certain. Halp :^( +I’m 32, no kids and don’t plan to have any. My fiduciary recommended I get insurance now to cover the costs of caring for my old self when the time comes - nursing home or whatever - since I won’t be able to depend on relatives. Does anyone have a policy like this? How do I find a good one and what should I expect to pay? + +Edited to say they are not trying to sell me on a policy, they are a fiduciary advisor provided by my employer. + [https://www.barrons.com/articles/facebook-faces-legal-risk-big-tobacco-oxycontin-51633956119](https://www.barrons.com/articles/facebook-faces-legal-risk-big-tobacco-oxycontin-51633956119) + +(PAYWALL) + +From the Article: + +Recent revelations and scrutiny from Congress over Facebook's(FB) role in society could lead to major lawsuits against the social-media giant, according to new research that drew comparisons with litigation faced by Big Tobacco or Purdue Pharma. + +Facebook (FB) has been under pressure following a series of reports by The Wall Street Journal that made allegations covering Instagram's impact on teenagers' mental health, whether its algorithm encouraged social discord, and how it moderates elites. + +A company whistleblower who leaked internal documents to the Journal also testified before Congress last week, as lawmakers turned their attention to the renewed public debate over Facebook's(FB) prominent role in peoples' lives. + +Facebook (FB) co-founder and CEO Mark Zuckerberg last week said that "many of the claims don't make any sense," pushing back against allegations that arose in the Journal's reports and the whistleblower's testimony, in a post on social media. + +Blair Levin, an analyst at London-based technology industry research group New Street Research, wrote Sunday that " while we have been skeptical that past revelations would lead to government action, we think this time is different and as a result, we think Facebook(FB) may now face a similar challenge from increased litigation as tobacco, or more recently, OxyContin." + +Levin served as chief of staff to the chair of the Federal Communications Commission in the 1990s. + +The analyst said that while the facts and damages are different for Facebook(FB) than those faced by the tobacco industry or Purdue Pharma -- the maker of opioid medication OxyContin -- the fundamental legal framework is the same. + +There is a product with problematic consequences for many people, management knowledge of such, and actions by management "that not only failed to mitigate the harm but arguably increased those problematic consequences," Levin said. + +In the same way that public outcry against tobacco and opioid makers led to massive class action and state attorneys general-led lawsuits, Levin said the recent revelations against Facebook(FB) creates similar incentives to bring litigation against the company. + +While Facebook(FB) has faced scrutiny before, there is far more attention on the company this time, in part because of the role that harms to children plays in the recent allegations, Levin noted. + +"Discovery is likely to yield even more problematic evidence for Facebook(FB), and the dynamics create an opportunity for a settlement that would address the issues more quickly than legislation," Levin said. "We think litigation is likely to be more damaging to Facebook(FB) than legislation." + +Facebook (FB) stock was 0.7% lower in U.S. premarket trade Monday. The stock is down 12.3% over the past month. Facebook (FB) didn't immediately respond to a request for comment. +# Why am I doing this? + +Most of us are probably active on this subreddit, because they want to increase their financial education in some way or the other. + +So do I! I want to improve my financial education by learning at least one new financial term every week. + +For me the best way to learn about a new topic is through these steps: researching, explaining and discussing. + +I'll explain a financial term and give some of my own thoughts about it. You may have a different opinion on the definition I chose or think about that topic in another way. + +And that's where I hope, the discussion kicks in. + +# But now.. Let's start with this weeks financial term: Capital + +The first thing that comes to my mind when hearing the word ‘capital’ is money (that can be used to invest / enhance the power of a business). + +Capital can be understood as **resources** that are available to achieve a specific set of **goals**. Capital does not always necessarily refer to money used by businesses to provide their services. It can also refer to other assets that provide an ongoing service to a business and perform economically useful work. + +## Examples + +* financial assets, like funds held in deposit accounts +* manufacturing equipment +* facilities, like buildings used to store or produce manufactured goods +* patents +* brand names +* trademarks + +Materials that are used and consumed as a part of the manufacturing process can not be referred to as capital, because they usually don’t provide an ongoing service to the business. + +## Money vs. Capital + +Money and capital don’t mean the same thing. While money refers to the instrument that can be used to purchase services and goods, capital also involves the aspects of growing and shaping a business. Capital includes any assets that can benefit a business in the long term. + +&#x200B; + +What do you think about this differentiation of money and capital? There are different types of capital (e.g. debt capital, equity capital, working capital, …). Do you want more details on these different types of capital? + +Feel free to ask questions, comment on my thoughts and give your honest feedback. If you are interested in learning and discussing more financial terms together, let me know. Finally.. thank you for taking your time, reading this and sharing your thoughts with us! + +&#x200B; + +Links: + +Financial term of last week: [Investing](https://www.reddit.com/r/investing/comments/avpfpi/financial_term_of_the_week_investing/?utm_source=share&utm_medium=web2x) + +Next financial term: [Profit](https://www.reddit.com/r/investing/comments/b0ygy9/financial_term_of_the_week_profit/?utm_source=share&utm_medium=web2x) +Imagine being a business owner and accepting payments in a coin that reduces in value 10-80% by the time you need to declare your income or pay for things. + +If it goes up in value - great. Until you need to sell it for fiat, which is an additional taxable event. + +Businesses need stability and predictability, not additional and unnecessary risk. + +Sure, crypto is a great medium of exchange. But the only way crypto can be used for payments on a massive scale (like fiat) is if it’s a stablecoin. It’s tax-efficient and more profitable for businesses (earn high yield safely). +My wife and I make good money - combined income well above $500k annually - and we like to travel. We’re going to Italy with some friends this summer - and bringing along our two young kids. + +Are there any suggestions for how we can pay to make the transit / airports / plane rides less stressful? + +Open to anything. We’re not bringing a nanny though as that’s not our vibe, and it would not go well with our friends as we’ll be staying at a villa, but not a mansion by any means. +I'm planning to resign this Friday and am starting to get cold feet. Tell me I'm not crazy. + +42, $4.2m (including a paid off $800k home), MCOL, 2 elementary age children, stay at home wife, annual expenses $150k. + +I have not enjoyed my job for at least a year now. I count how many more meetings until the weekend and feel a sense of dread each time I open my computer. I may just be burnt out. + +I am compensated well for my work. Base + bonus + equity vesting puts me at over $500k per year and it is scary to walk away from that. + +I have not decided if this will just be a break or a full career change of some sort. I do think it'd be challenging for me to find this level of compensation again though and am so thankful that we've saved well so that I am able to make this decision. + +Am I crazy to walk away and take a break? Is this too risky? +While some continue to have flame wars in here about what a pump and dump is, I prefer to ignore the nonsense and look at actual indicators to show if the general public is still interested in Ethereum. For the market cap to continue to grow there needs to be new money injected into the system beyond the capital coming from those already invested. Let's look at some exhibits: + +**-Google Trends** - Google Trends are a great way to analyze interest in a certain area. "[Ethereum](https://www.google.com/trends/explore#q=ethereum)" as a trend continues to rise at a rapid pace. It's at 4x what it was in December and for now shows no signs of pull back. The search term ["buy ethereum"](https://www.google.com/trends/explore#q=buy%20ethereum&cmpt=q&tz=Etc%2FGMT%2B5) continues along the same path. + +An interesting graph to me related to Google Trends is the [BTC vs Ethereum graph](https://www.google.com/trends/explore#q=ethereum%2C%20bitcoin&cmpt=q&tz=Etc%2FGMT%2B5). You'll see that Bitcoin well outpaces Ethereum as expected but that gap is starting to close. What was a 27:1 ratio last month is now 23:2 (12.5:1). What's very interesting to me is that trend has nearly halved, which is exactly what has happened to the factor of price of Bitcoin over Ether during that same time frame. (BTC was about 150x Ether last month in USD terms and is now approx 75x) + +**-[Ethereum Address Growth](https://etherscan.io/charts/address)-** Ethereum continues to add about 1,000 address a day, seeing no real loss of steam here. Usually a good indicator of overall interest as well. As with price, address count has nearly doubled over the past month. + +**-[Ethereum Meetups](http://www.meetup.com/topics/ethereum/)** - Public interest can also be indicated using the amount of Meetups people are holding. I have no kept track of this number over time but right now on Meetup.com, there are 181 active Ethereum groups, compared to 696 bitcoin groups. + +These are the main 3 public interest indicators I use for now. Take them for what they are worth, but I enjoy using them as potential price indicators as well. I'll try to update a post like this monthly for us to track it all over time. +On Jan 24 at 2pm GMT Weiss ratings releases its crypto currency reports and some crypto fans expect that said reports will become a market mover. + +My advice, as an anonymous person on the internets, is that you keep a cold mind and don't sell/buy some crypto **just** because Weiss gave XYZ a buy/sell/A+/F-/whatever rating or a target price. + +If the reports are freely available read them and analyze their findings but don't take them as gospel. Give them a credibility level similar to a well researched blog post. + +I have a hunch (yeah, a hunch) that the reports will not have information radically distinct from that already known and I suspect that they are mostly a PR stunt to increase the visibility of Weiss Ratings and maybe sell some subscriptions/reports. + +The reason I make this post is because [this post from 2012 in StackExchange](https://money.stackexchange.com/questions/14570/is-weiss-research-inc-a-legitimate-financial-research-company) made me doubt whether the crypto reports will be any good: + +------------------------------------------------- + +>Is Weiss Research, Inc. a legitimate financial research company? + +>This company was a reputable rating agency for many years. See Weiss Research website, ratings section for a very different perspective on Martin Weiss's work than the websites with which he is now associated. + +>I checked both links provided, and agree with the questioner in every way: These appear to be highly questionable investment research websites. I use such strong terms based on the fact that the website actually uses the distasteful pop-up ploy, "Are you SURE you want to leave this site?" Clearly, something changed between what Weiss Ratings was in the past (per company history since 1971) and what Martin Weiss is doing now. + +> Regarding Larry Edelson + +>Larry Edelson seems to have been associated exclusively with questionable websites and high pressure investment advice since 2007. From 1996 through the present, he worked as either an employee or contractor of Weiss Research. + +>Let's answer each of your questions. + +>Did they accurately predict the events they claim? Weiss Ratings were accurate during the 1990's, and widely respected through at least 2003, see findings by the United States General Accounting Office in 1994 PDF, that confirm that Weiss Ratings reports on insurance companies, maybe banks too, were more consistently accurate than those produced by the major credit rating agencies e.g. S&P, Moody's, Fitch. There was similar acclaim for Weiss ratings in the late 1990's, until about 2001. + +>Do the free ratings lists they publish reflect this high level of accuracy? I don't think so, certainly not at the present time. In the past, their ratings were of course fee-based, not free. In fact, the Weiss Ratings website primarily offers fee-based ratings reports now, just as it had been doing in the past. I am not familiar with these new, free investment reports, and they don't seem to be the same as the high-quality fee-based reports associated with Weiss in the past. + +>Do they appear to give sound advice, now? Well, there were charges filed against Martin Weiss and Larry Edelson by the U.S. SEC, settled in June 2009 PDF, (settlement included return, formally known as "disgorgement" of $2.5 million in investor funds): + +>On June 22, 2006, the Commission instituted settled administrative proceedings against Weiss Research, Inc., Martin Weiss, and Lawrence Edelson (collectively, “Respondents”) for violations of the Investment Advisers Act of 1940 in connection with their operation of an unregistered investment adviser and the production and distribution of materially false and misleading marketing materials. + +>Full details about Weiss Ratings operations, including its history from 1996 through 2001, when it operated in compliance with securities laws, then from 2001 through 2005, which was when the SEC filed charges for regulatory violations, are available from the June 2006 U.S. SEC court documents PDF. + +> Finally, this quantitative assessment, "Safe With Martin Weiss? (December 2010) by CXO Advisory (providers of "objective research and reviews to aid investing decisions") for its readers concluded the following: + +>In summary, the performance of Martin Weiss’ premium services in aggregate over the past year is unimpressive. + +> The study methodology was good, but I recommend reading the article (I posted the URL) to fully understand what caveats and assumptions were done to reach that conclusion. + +------------------------------------------------- + +Go to [StackExchange](https://money.stackexchange.com/questions/14570/is-weiss-research-inc-a-legitimate-financial-research-company) for the links. +How has being childfree impacted your finances? + +Im a 21 year old male looking into the childfree lifestyle. + +Ever since I was a kid, my parents were horrible with money. I saw them get new cars every year, and we would go shopping every weekend. However, all this spending impacted my life because there were times where my parents wouldnt be able to provide basic necessities such as food. They also fought alot over finances when the divorce happened, and they put me in the middle of all their finances during that time. This has turned me away from wanting a child. + +So my question is, how hard do children impact finances? For background info, Im graduating in 2 years and should be making 6 figures. I also plan to live with a roomate for a long time. I have a goal of retiring by the time im 35. Currently have 35k saved but probably going to graduate with nothing saved since I have to pay for school. +https://www.earnest.com/blog/americas-most-expensive-cities-part-1/ + +What do you personal financiers think? Is it worth it to relocate to a more expensive city in hopes of increasing your income in the long run or is it better to stay in a less expensive city in order to save up money? +This post was inspired by another post ([https://www.reddit.com/r/algotrading/comments/qrieaj/my\_strategies\_keeps\_breaking\_one\_by\_one\_what\_to\_do/](https://www.reddit.com/r/algotrading/comments/qrieaj/my_strategies_keeps_breaking_one_by_one_what_to_do/)) to spark a discussion on on overfitting, and how to avoid it. I felt this deserves its own post because I feel like a lot of newer players to this game could use this advice. + +I've developed a process that has been working well that I'd like to share. I'm also curious how everyone else avoids overfitting. + +For now, I exclusively trade equities on the daily timeframe. In all honesty, I do this mostly because its inexpensive to get daily data at this timeframe and easy to execute when the markets are closed. I'm not a software guy like a lot of people here, so I find value in the simplicity. + +You should segment your data into 3 parts. A lot of people do two parts, but I do 3 parts, I also stated my timeframe for each data set: + +1. In-Sample Data (2000-2016): This is how you determine if your hypothesis has any potential at all. I think it is important to test your strategy on the dot-com bust and the GFC. I don't really care to include '98 or '99, because the exponential gains in NDX equities can easily add 5-10% CAGR to this timeframe. I prefer to stay as pessimistic as possible. +2. Out-of-Sample Data(2016-2019): You use this to figure out what kind of parameters work best to support your hypothesis. You can test your optimizations on out of sample data. +3. Hold-back Data (2019-2022): Hold this until the very end of your testing phase. + +My process begins testing on the in-sample data to determine if my idea is dead in the water, or deserves some more exploring. After some tweaks and optimization, I test on the out of sample data set to see if it holds water. Once I get it to a spot that looks good. I do a walk-forward analysis. across these first two periods. + +Walk Forward Analysis: One thing that many overlook: Returns/Drawdown/Sharpe are not that important for walk forward analysis. You already know form your testing that your strategy is going to do OK during this time period. You really want to see all of the optimal parameters from walk forward clustering around the same value. take a MA crossover strategy as example. If in, your walk forward example you see the periods 3, 28, 7, 146, 68, then your strategy is needs to be thrown away, don't waste your time anymore. Even if your returns are good, this still could be due to luck. + +Here's where the hold-back data comes in. Once my strategy is in its final stages. I test it on my holdback data set. This is a pass-fail test. If it passes, I take it live. If it fails, it gets the dumpster. When I first started backtesting strategies, I would find myself thinking I was in the clear by using in-sample and out-of-sample only: + +1. I would torture the data on the in-sample till the little green equity line was a diagonal line going up across the chart. +2. Then I would test it on my out-of-sample, and not be happy with the results. +3. Then go back to in sample, re-torture the data until I finally was happy with my out-of-sample chart. + +Well, now the out-of-sample data is not actually out of sample, you've effectively turned your out-of-sample into your in-sample, and, wouldn't you know it, there is no more data to test on. Having a hold-back dataset ensures that, once its time to put pencils down, you have some more data to show your model. You should really be fighting the urge to go back to tweak your strategy to try to pass the hold-back data set, this will just further overfit your model. + +What are some other reasons your model might fail? + +Survivorship Bias, Fees/Slippage/Taxes, Intra-trade Drawdown, Selection Bias, Confirmation Bias, look-ahead bias, and many many more. These probably all deserve their own posts, I'm not going to get into them here. +It seems pretty clear the exponential price action last year was all based on hype surrounding GME rumours, there was no actual substance to it therefore the price isn't holding up. The market cap to TVL ratio is still high at 4.5 so I don't see this downtrend ending anytime soon without any new catalysts. If you compare this to another hyped coin like CRO, which saw a meteoretic rise and who's price has stabilized since then (especially if you look at the CRO/BTC pair), you can see that LRC is nowhere near a bottom. I could easily see Loopring dropping below $1 again, assuming no significant BTC movements happen. + +And yet, all I see on this sub is more threads shilling the coin and doses of hopium about the long term potential? Nobody is seriously discussing price action over the last two months which is a huge concern to me. I'm not arguing that Loopring is a dead project, far from it, but the short term price prospects are very meagre. Everyone should decide what to do for themselves i.e. risk management, but I don't see any value in bagholding it when there's no end in sight for the downwards trend. + +Don't get me wrong, I see huge potential in ZK roll ups and in particular LRC for the next five years eventhough I don't own it myself. In fact, I'm looking for this downtrend to end so I can buy it when it eventually consolidates. Since Loopring is by far the most shilled coin on this sub , I feel bad for the ones that FOMO'd in after the price rise in early November. These people are seeing their gains evaporate like snow in the sun or are suffering big losses. Maybe an announcement by Gamestop at the end of this month or during the next earnings call will stop this downtrend, but I don't see it stopping anytime soon before that. + +EDIT: To anyone commenting that price doesn't matter, well it does. Let me put it this way, if LRC is $1.35 and you feel like it will move below $1 in the short term: you should absolutely sell because you can increase your holdings for the long term with 35% + +EDIT 2: Obviously DCA'ing is also an option when the price drops, I would wait until the price stabilizes though + +EDIT 3: Since I received the suicide care message from Reddit and multiple threats in my inbox, I will no longer interact with this thread. What a shame that people can't behave. +[Source](https://www.bls.gov/news.release/pdf/cpi.pdf) + +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a seasonally adjusted basis after rising 0.9 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment. +> +>The indexes for shelter, food, energy, and new vehicles all increased in July and contributed to the monthly all items seasonally adjusted increase. The food index increased 0.7 percent in July as five of the major grocery store food group indexes rose, and the food away from home index increased 0.8 percent. The energy index rose 1.6 percent in July, as the gasoline index increased 2.4 percent and other energy component indexes also rose. +> +>The index for all items less food and energy rose 0.3 percent in July after increasing 0.9 percent in June. Along with shelter and new vehicles, the indexes for recreation, for medical care, and for personal care increased in July. The index for used cars also increased in July, but the 0.2-percent advance was much smaller than in recent months. The index for motor vehicle insurance declined in July, and the index for airline fares fell slightly. +> +>**The all items index rose 5.4 percent for the 12 months ending July, the same increase as the period ending June. The index for all items less food and energy rose 4.3 percent over the last 12 months, while the energy index rose 23.8 percent. The food index increased 3.4 percent for the 12 months ending July, compared to a 2.4-percent rise for the period ending June.** +> +>Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city average, Seasonally adjusted changes from the preceding month: + +&#x200B; + +[https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf](https://preview.redd.it/2jgynm744qg71.png?width=909&format=png&auto=webp&s=f89df2b26b5635be837f5b2b8efd64cb97128bf8) + +[https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf](https://preview.redd.it/yfmkc2v74qg71.png?width=893&format=png&auto=webp&s=b0973805a5ad2a0be7cd1f5fe14d0d9103d85c57) + +EDIT - UPDATED TABLE: + +https://preview.redd.it/7calyw3icqg71.png?width=890&format=png&auto=webp&s=c15fbeabd87461aa3efe5948bdabc6e9d26bfdc4 + +Previous 12 months of inflation rate as previously posted by [u/diamondsR4lever](https://www.reddit.com/user/diamondsR4lever/) (Jul gets a 5.4 as well): + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/osmld6\/will\_moass\_cause\_the\_crash\_or\_will\_the\_crash\/](https://preview.redd.it/i96x4k6k4qg71.png?width=640&format=png&auto=webp&s=b5766f47951223d8dba14eccadb8009eadcdd9d0) + +# Food + +>The food index increased 0.7 percent in July after rising 0.8 percent in June. The index for food at home also rose 0.7 percent, as the index for meats, poultry, fish, and eggs continued to increase. **This index rose 1.5 percent in July; this was its seventh monthly increase in a row and followed a 2.5-percent increase in June.** +> +>The index for cereals and bakery products, which declined in June, rose 1.2 percent in July, its largest 1-month increase since April 2020. **The index for other food at home rose 0.8 percent in July, also the largest monthly increase since April 2020.** The index for nonalcoholic beverages rose 0.7 percent in July, and the index for dairy and related products advanced 0.6 percent. +> +>The index for fruits and vegetables was the only major grocery store food group index to fall in July, declining 0.9 percent after rising 0.7 percent in June. The index for fresh fruits fell 1.8 percent over the month. **The food away from home index rose 0.8 percent in July, its largest monthly increase since February 1981.** +> +>The index for limited-service meals rose 1.0 percent in July, and the index for full-service meals increased 0.6 percent. The food at home index increased 2.6 percent over the past 12 months. +> +>All six major grocery store food group indexes rose over the span, with increases ranging from 1.1 percent (nonalcoholic beverages) to **5.9 percent (meats, poultry, fish, and eggs)**. The index for food away from home rose 4.6 percent over the last year. +> +>**The index for limited-service meals rose 6.6 percent over the last 12 months, and the index for full-service meals rose 4.3 percent. Both 12-month increases were the largest in the history of the respective series, which were first published in 1998.** + +# Energy + +>The energy index increased 1.6 percent in July after rising 1.5 percent in June. All the major energy component indexes increased over the month. The gasoline index rose 2.4 percent in July following a 2.5-percent increase in June. (Before seasonal adjustment, gasoline prices rose 2.5 percent in July.) The index for natural gas rose 2.2 percent in July after increasing 1.7 percent in both May and June. The electricity index increased 0.4 percent in July after falling 0.3 percent the prior month. +> +>**The energy index rose 23.8 percent over the past 12 months. The gasoline index rose 41.8 percent since July 2020.** **The index for natural gas rose 19.0 percent over the last 12 months**, while the index for electricity increased 4.0 percent. + +# The index for all items less food and energy rose 4.3 percent--remember this is the most conservative inflation number they can come up with. + +# This last line of the reporting section is most telling: Few major component indexes declined over the past 12 months. + +# All of this is inflation is happening in the backdrop of the Fed still plowing away with [$120 billion in assets purchases each month](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656): + +https://i.redd.it/1edo3ikadqg71.gif + +$40 billion a month in mortgage-backed securities will continue to depress mortgage rates and **only continues to add gasoline to the inflation fire**. + +$80 billion in Treasury securities a month (with policy rates near 0%) represses short-term and long-term interest rates in general and inflates asset prices and consumer prices, which **further DESTROYS the purchasing power of the dollar**. + +[While the rest of the world's banks are acting](https://www.reddit.com/r/Superstonk/comments/okicjz/inflation_alert_bank_of_canada_and_bank_of_new/), the Fed still claims this inflation is “transitory"... + +# TL:DR - The Dollar losing purchasing power + Inflation = Permanent Loss of purchasing power. Unless one of the many other catalysts triggers the MOASS, [I believe inflation is the match that has been lit that will light the fuse of the rocket](https://www.reddit.com/r/Superstonk/comments/oe6i3l/tldr_i_believe_inflation_is_the_match_that_has/). + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions as happy to try and help. I hope you have a great rest of your day! ](https://i.redd.it/kcm54ytkdqg71.gif) +Hello! Don't let me young account distract you from discovering this true BSC gem that I've been waiting for the day that I can finally share it with everyone here: + +**Lottery Token \[$LOT\]** 1/5000 Chance to Wing in Daily Draws + +**A still young token with a lot of potential, active devs and a dedicated community.** + +LOT acts as one **LIFETIME ticket** that **NEVER expires**! There are DAILY draws worth over 5000$ (and with rising mcap they will go up too). So grab your Ticket now while it\`s still cheap and enjoy your Lottery ticket forever, which will also increase in value over time, through the share feature + rising price + +**Currently there is also a side lottery happening so two chances to win some more Lottery tokens, more details in the Telegram channel** + +**But how does the whole thing work?** + +Each transaction has a basic fee of **6%**. **2%** is redistributed among all holders, **2%** is burned and the last **2%** are going into the lottery pool. If this reaches a quantity of **0.1**% of the total supply, it will be distributed to one lucky holder. Since these draws depend on the size and number of transactions, this means that several draws are possible in one day. + +**How can I participate?** + +Any address with a minimum of ***18 LOTs (make sure to buy 20 because of the 6% tax, so you'll end up with a little over 18 LOT)*** is automatically eligible to participate in the drawings. After that you never have to pay money or top up, just hold and you have ***your lottery ticket for eternity***! + +**What is the chance and the pot?** + +Currently you have ***a chance of about 1/5000*** which is incredibly high compared to lotteries in the real world! The pot is currently ***\~1225 LOT*** with a current value of ***\~5000 USD***! + +**Roadmap:** + +☑ Listed on CoinMarketCap: [https://coinmarketcap.com/currencies/lottery-token/](https://coinmarketcap.com/currencies/lottery-token/) + +☑ Listed on CoinGecko: [https://www.coingecko.com/en/coins/lottery-token](https://www.coingecko.com/en/coins/lottery-token) + +\-Applied to DappRadar + +\-New Website + +\-LOT related Features + +\-Exchange Listings + +**Pancakeswap V1:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) + +**Contract:** 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +**Website:** [https://lotterytoken.net](https://lotterytoken.net/) + +**Audit:** [https://solidity.finance/audits/Lottery/](https://solidity.finance/audits/Lottery/) + +**Telegram:** [https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) + +**Twitter:** [https://twitter.com/lottery\_token](https://twitter.com/lottery_token) + +**Reddit:** [https://reddit.com/r/lottery\_token](https://reddit.com/r/lottery_token) + +Ultimate token buy back in September! + +TL;DR Buy 18 LOT now and be forever eligible to win 0.1% of the total supply, the higher the market cap, the higher the reward. In September, there'll be a \~100 BNB buy back that will further raise the price of the token. Trustworthy devs and great community support, you'll be glad that you decided to join the LOT fam! +Four different attorneys have told us that the nursing home is well within its rights, there's nothing we can do about it, and it'd be cheaper to just pay them off. Make sure you plan for this. You can read more about filial support laws in the links below. Basically, if you have a parent or adult child that's not paying and is incapable of paying his or her medical/long-term care bills, YOU can be held financially liable to pay them. It doesn't matter that they will completely wipe out your savings, your ability to send your children to college, and significantly increase your expected retirement age. + +Our assets are a combined savings of $550,000 and a house that's worth ~$200,000, so we're capable of paying the bill and that's all the courts really care about. We actually would have been better off NOT being financially responsible and NOT trying to save for retirement, and the nursing home probably never would have bothered suing us since they would have had nothing to gain. My husband and I are about to lose 10 years of hard work due to our ignorance of the law. We had planned on retiring in our early 50s. Looks like it's going to be 60s or 70s now. + +http://en.wikipedia.org/wiki/Filial_responsibility_laws + +http://www.paelderlaw.com/attorney-group-seeks-repeal-of-pa-filial-support-law/ + +http://www.forbes.com/sites/northwesternmutual/2014/02/03/who-will-pay-for-moms-or-dads-nursing-home-bill-filial-support-laws-and-long-term-care/ +Did Reddit either influence or change your investment strategy, by that I mean you had a sound strategy when you first started investing and it was changed due to reddit influence. I think redditors know alot about tech sector more than anything. So I bought more tech companies than I anticipated. + +What about you guys, how much did reddit influence your investment strategy? +I know there's a [glossary](https://www.optionseducation.org/tools/glossary.html) in the side bar, but a couple of abbreviations I saw a lot here were not in there. I gathered all of the ones I stumbled upon and kept a list, so I hope it can help other option noobs (and also prevent repetitive questions in this sub): + +&#x200B; + +|*Abbreviation*|*Meaning*|*Description*| +|:-|:-|:-| +|**ATM**|At the money|At the money (ATM) is a situation where an option's strike price is identical to the current market price of the underlying security.| +|**B&H**|Buy and Hold|Buy and hold is a passive investment strategy in which an investor buys stocks (or other types of securities such as ETFs) and holds them for a long period regardless of fluctuations in the market.| +|**BEP or BE**|Break even point|For options trading, the breakeven point is the market price that an underlying asset must reach for an option buyer to avoid a loss if they exercise the option.| +|**BP/BPR**|Buying Power Effect, Buying Power Reduction|The BP effect, or buying power effect, is the impact a position has on an account's available trading capital, or buying power| +|**BSM**|Black Scholes Merton|The Black-Scholes Merton (BSM) model is a differential equation used to solve for options prices.| +|**BTC**|"Buy To Close"|Buy in order to cover (close) an already-open short position.| +|**BTO**|"Buy To Open"|Buy in order to establish a new long position| +|**BWB**|Broken Wing Butterfly|A Broken Wing Butterfly is a long butterfly spread with long strikes that are not equidistant from the short strike.| +|**CC**|Covered Calls|A covered call refers to a financial transaction in which the investor selling call options owns an equivalent amount of the underlying security.| +|**CCS**|Call Credit Spreads|Credit spreads involve the simultaneous purchase and sale of options contracts of the same class (puts or calls) on the same underlying security.| +|**CSP**|Cash secured put|The cash-secured put involves writing a put option and simultaneously setting aside the cash to buy the stock if assigned. If things go as hoped, it allows an investor to buy the stock at a price below its current market value.| +|**DD**|Due Diligence|Due diligence is defined as an investigation of a potential investment (such as a stock) or product to confirm all facts.| +|**DR**|Defined risk|A position where the maximum loss is known (opposed to undefined risk).| +|**DTE**|Days to expiration|The term days to expiration (DTE) refers to the number of days until an option expires.| +|**EoD**|End of Day|An end of day order is a buy or sell order for securities requested by an investor that is only open until the end of the day.| +|**EoW**|End of Week|Same as EoD, but for a week| +|**ER**|Earning Report| a financial statement that gives operating results for a specific period.| +|**FA**|Fundamental analysis|The goal of fundamental analysis is to determine whether or not the price of an asset is overvalued or undervalued.| +|**FUD**|Fear, Uncertainty, and Doubt|| +|**HOD**|High of Day|nHOD = new high of day| +|**IBKR**|Interactive Brokers|A broker in the USA, Canada and a bunch of other countries.| +|**IC**|Iron Condor|An iron condor is an options strategy consisting of two puts (one long and one short) and two calls (one long and one short), and four strike prices, all with the same expiration date.| +|**IRA**|Individual Retirement Account (USA)|| +|**ITM**|In the money|"In the money" (ITM) is an expression that refers to an option that possesses intrinsic value.| +|**IV**|Implied Volatility|Implied volatility (IV) is an estimate of the future volatility of the underlying stock based on options prices.| +|**LEAPS**|Long-Term Equity Anticipation Securities|Long-term equity anticipation securities (LEAPS) are publicly traded options contracts with expiration dates that are longer than one year, and typically up to three years from issue.| +|**LOD**|Low of day|nLOD = new low of day| +|**MM**|Market Maker|A market maker (MM) is a firm or individual who actively quotes two-sided markets in a security, providing bids and offers (known as asks) along with the market size of each.| +|**NET Liq**|Net liquid assets|Your net liquidation value reflects how much the contents of your portfolio would be worth if you were to liquidate everything at the current market price.| +|**OCC**|Option Clearing Corporation|The Options Clearing Corporation (OCC) serves as a central clearinghouse and regulator for listed options traded in the United States under the auspices of the SEC and CFTC.| +|**OMIC**|One Man Insurance Company|From a book: Option Trader's Hedge Fund, The: A Business Framework for Trading Equity and Index Options| +|**OTC**|Over the Counter|Options that are traded between private parties in the over the counter market and not through exchanges are called over the counter options.| +|**OTM**|Out of the money|"Out of the money" (OTM) is an expression used to describe an option contract that only contains extrinsic value.| +|**PCS**|Put Credit Spread|A Put Credit Spread (which we will refer to as a “PCS”) is a Options Spread that utilizes both short and long puts to minimize risk, and earn credit.| +|**P&D**|Pump & Dump|Denoting the fraudulent practice of encouraging investors to buy shares in a company in order to inflate the price artificially, and then selling one's own shares while the price is high.| +|**PMCC**|Poor Man's Covered Call|The Poor Man's Covered Call (PMCC) is an options strategy that enables one to sell covered calls at a fraction of the capital required than if he were to hold the underlying asset.| +|**POP**|Probabily of profit|Probability of profit (POP) refers to the chance of making at least $0.01 on a trade.| +|**RH**|Robin Hood|A US broker| +|**ROC**|Price Rate of Change OR Return On Capital|The Price Rate of Change (ROC) is a momentum-based technical indicator that measures the percentage change in price between the current price and the price a certain number of periods ago. OR Return on capital (ROC) is a ratio that tells us how much money we can make on the amount of money we put towards a trade.| +|**RRSP**|Registered Retirement Savings Plan (Canada)|| +|**STC**|"Sell To Close"|Sell in order to exit an already-open long position.| +|**STO**|"Sell To Open"|Sell short in order to establish a new short position. (For stocks, abbreviation becomes SSHORT).| +|**TA**|Technical analysis|Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.| +|**TD**|TD or "Toronto Dominion bank" - we usually just call it TD|It's a Bank| +|**TDA**|TD Ameritrade|A bank. Note: TD Bank and TD Ameritrade are separate, unaffiliated entities, not responsible for each other's services or policies.| +|**TFSA**|Tax free saving account (Canada)|| +|**TTM**|Trailing Twelve Months|Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures. A company's trailing 12 months represent its financial performance for a 12-month period; it does not typically represent a fiscal-year ending period.| +|**TOS**|thinkorswim|A platform to trade stocks/options by TD Ameriade| +|**TWS/TW**|Trader workstation|A platform to trade stocks/options by Interactive Brokers| +|**UR**|Undefined risk|Undefined risk is when your possible max loss is unknown on order entry.| +|**WSB**|/r/WallStreetBets|Don't go there!| + +&#x200B; + +Another tip for noobs: if you're just starting out and don't really understand the content here, you might need to do a bit more homework. Checkout the pinned post called "Resources: FAQ, Side-bar links, Options Questions Safe Haven weekly thread..." in /r/options and/or search on Youtube for 'stock options beginners'. + +If an abbreviation wasn't in the list, try googling <the abbreviation> + "option trading meaning". For example, Googling "CSP option trading meaning" gives you a nice summary on Google. + +Edit: Added ATM, OTM, ITM.. Fixed some based on comments! And thanks for the awards! + +Edit 2: Added BWB, IC, HOD, LOD, TTM, ER and FUD +https://christopherdavid.co/in-the-spirit-of-transparency-e8037d9a0bfd#.grqd5sfoy + +Apparently they are abandoning the Arcade City name (and CD isnt too happy) Would have been a smart move to do before the token sale ended, after taking the money it seems....scammy. + +Besides entertainment value, I thought it's worth posting because they apparently plan to do a new token sale. + + +http://imgur.com/a/bUEqR + +Christopher David apparently owns the FB page, the intellectual property AND plans to shut down their website + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +I was just made aware of this recently, but the short summary is that you can keep track of the HSA eligible expenses you paid for out of pocket and delay reimbursing yourself indefinitely. So you can let your HSA grow for 20 years, then take a reimbursement for whatever amount of medical receipts you have from ANY time in the past (that you had an HSA), and use that money for absolutely anything non medical related with no penalty or tax. + +If you have $10,000 worth of receipts, take a $10,000 vacation 20 years from now etc. The issue is you need to hold on to those receipts for that amount of time. What system are people using to keep track that will last for the long haul? I’ve heard of people saving receipt photos to google drive etc and then tracking everything in Excel or Google sheets. + +Just looking for ideas for the most elegant/most robust solutions out there that folks have used. + +https://blog.healthequity.com/hsa-hack-delay-reimbursement-cash-in-later +That's still around 8% p.A. so pretty good ;) +The overall economy looks pretty good so things will just proceed folks. Keep calm and keep DCA, TLH, etc ;) +This is in reference to the stock-to-flow model, which I believe is a solid indication on BTC's path albeit taking a different route right now. The stock-to-flow model suggests that should be roaming in the region of USD 100k during this period, but we have not even seen it going passed USD 70k yet. + +https://preview.redd.it/wny63lj62ry81.png?width=1789&format=png&auto=webp&s=e8222f0ca93d62aa793f7d5a2164437c0e2ff619 + +That being said, there is a glaring change of pattern between the previous bear market, against the current bear market. + +&#x200B; + +|Year|2013 - 2015|2018-2020|2022-2024 (?)| +|:-|:-|:-|:-| +|Peak Price|USD 1,149.14|USD 19,970|USD 69,050| +|Bear Market Low|USD 197.24|USD 3,109|USD 28,000-29,000 (?)| +|Drawdown|\-83%|\-84%|\-58% (For now)| + +Realistically, BTC does not go lower than its previous ATH, according to previous patterns. So, we probably won't see BTC going down below USD 19,970. This is why this current bear market is interesting. We are seeing possibly a **lowering in the drawdown**. + +The bear market is getting more and more bearable. Pun intended. + +That being said, if you had entered into crypto this year, then the next point of exit should be by the next halving in 2024/2025. Although the current halving hasn't met the expectations yet, the previous halving would suggest that the metrics is rather promising. If you're concerned about the stock-to-flow model not meeting the prediction this time, consider that BTC had exceeded the stock-to-flow prices previously as well. It will eventually balances out. + +However, you do need to pay additional considerations if you're jumping into alts. + +&#x200B; + +Edit: I have just found out through the comments that the S2F model is invalidated. I stand corrected, and appreciate the comments. + +My key takeaway is chiming through Plan B's note as well- + +1. We are seeing possibly lower drawdown in the market (Through lower ceiling, and higher floors.) +2. There's a clear break of pattern in this 2022 bear market in comparison to the previous two. +3. BTC have not went below it's previous 'ATH', in this case, it's around USD 19k. + +I am however still adamant that you should go through at least 1 full cycle of BTC halving for your exit strategy. This isn't a get-rich scheme, and the cycle is rather inevitable IMO. It's just that now, we are seeing a different ratio to the cycle. +I imagine the folks who have been members of this sub have already read plenty on the exchanges available to them, so this is directed primarily for newcomers. But this is still important information for all of us. + +Most of us were either in the midst of or at least observed what happened January if this year when RobinHood (RH) blocked sales of several stocks. That action was criminal. What is even worse is the days prior, RH had unofficially blocked sales of stocks. I was one of those GME/AMC holders. I still am. I had purchased 500 shares of AMC at $4.50 per share and watched my money increase sixfold over night. I set a stop loss at $19 per share and when I had logged back on, my shares were down to $15 each. I lost thousands that day. + +Last year I was also using RH to dabble in to Crypto. I experienced on several occasions their servers would crash when the Crypto I was interested in either spiked or dipped. I could never purchase at the bottom, nor could I sell at the top. + +I now invest in Crypto through Coinbase and through Voyager. My transactions take place immediately in both of those exchanges and I would highly recommend them to anyone. (If there is anyone interested in Voyager, pm me and I'll send you my link and we both get $25 worth of BTC. I'm not here to advertise so I will not post it here). Other folks have mentioned Binance as their primary exchange as well. + +If you are purchasing Cryptos through RH, I implore you to reconsider. I want to see all of us succeed. Crypto Currency is OUR TIME to be successful. We are the early adopters. I don't want to see any of you screwed out of what you deserve for taking the same chance we're all taking. + +Good luck this week, Fam. Stay healthy and stay safe! +Hi guys, 2021 is already coming to an end, and soon 2022 with its own trends awaits us. I would like to know your opinion, which tokens are you betting on in 2022 and why? + +Personally, I bet on NEAR and Matic. + +NEAR and Matic are two very fundamental projects that have shown excellent growth in 2021 and I believe that in 2022 they will grow even more. +I think the biggest crypto hype is behind us. The meme and NFT melt-ups seems to have cooled down, leaving us with thousands projects which mostly are crap. + +At the same time there are super interesting projects that actually have a place in this world and will challenge Web2 and status quo. It reminds me of the dotcom era, which left us with some amazing companies after the largest part failed. + +I am looking for projects that are building, have real life usecase and will be around in 10 years time. So what Crypto or NFT project should I look into and tell me WHY! +The point of his post is to show that, despite the high price of bitcoin, you can invest without buying a full bitcoin. + +Much like a dollar is divided into 100 cents, one bitcoin is divided into 100 million Satoshis. That means you can technically buy 0.00000001 bitcoin if you wanted to. **The value of one satoshi at the time of posting is $0.00048878**. Still sounds cheap to me. + +Finally, as a closing remark, a reminder to please not buy bitcoin on Robinhood, Paypal, or eToro. They do not allow you to keep your bitcoin, by moving it off their platform. Buy from an exchange where fees are lowest, and then move it to a non-custodial wallet, where you get a seed phrase and private key. + +My personal favourite is Exodus. + +Happy investing. +Considering the positive news ETH is having this oct. 17th and Devcon 3 shortly after; I am wondering why it is that the eth/btc price is taking a massive dump. Its not even holding up slightly, its just in a free fall. Is there news?? +Hi everyone I was looking for some advice on making sound investments. I am a freshman in college and this summer I will be interning at a company from may-august's end. I plan on putting every biweekly check inside ETH. In the end I will have invested a little over 15000$ from those three or so months. I know it's not smart to "risk" a lot but the thing is I don't have much to lose (three months) doesn't feel risky to me since Ethereum is not nearly as bubble like as Bitcoin. I am currently working on developing a dApp and the more I think about Eth and it's potential the more obvious it feels that I should put my money in it. What do you guys think? I should note that I'll be graduating in april 2019 and that I have basically no college loans as I am on a full ride. +For the past year I have been doing my research on what to invest in when I turn 18, today is that day but before I do anything I may regret I have come to the people of Reddit for some advice. + +I was going to open a vanguard account and invest in the s&p 500, vanguard global all cap index and some individual index funds like VGT (Vanguard Information Technology Index Fund ) + +Thoughts? +Hi, + +I've noticed that a lot of people here will say to young people that they should invest in themselves, ie, learn to drive, get a new qualification etc. + +But I notice that these posts are sometimes fairly brief or not very specific. So, I thought it would be interesting to see some different ways in which people in this community have invested in themselves, and how this then affected their personal finances. + +I think any less common approaches would be really interesting as well to see what ideas are out there for others to consider. + +&#x200B; + +What are your thoughts? +I was thinking of what name we give this year's investing disaster. I know there is a tremendous focus on the equity side, but the fixed income side matters too. It especially matters when it is the harsh interest rate environment that is causing so much worry across the entire investment world. + +Before The Great Depression, many bear markets were called panics. My favorite is the Panic of 1857. I also enjoy reading about The Long Depression. + +https://en.m.wikipedia.org/wiki/Panic_of_1857#:~:text=The%20Panic%20of%201857%20was,rapidly%20throughout%20the%20United%20States. + +https://en.m.wikipedia.org/wiki/Long_Depression + +The Vanguard Total Bond Market Index Fund ($VTBLX) is down 13%. That is a number l, if it holds, would make this the worst year for bonds since 1793. With that, I propose calling the The Great Bond Panic of 2022. + +What are your thoughts? +I keep reading [articles](https://finance.yahoo.com/news/meme-stock-euphoria-goes-bust-172951136.html), they talk about 'meme stocks' being very down. guhhhhh, we up still... keep reading + +These media outlets are running smear campaigns against what people think are meme stocks. they mention GameStop as a meme stock, as it trades with a sub $7 bn Marketcap, 1bn cash on hand, no debt & strong earnings last quarter. The company's market cap is close to dipping below its 2021 REVENUE. Do you understand how ridiculous this is from a fundamental standpoint? + +THIS IS WHY THE MEDIA IS PUSHING A MEME STOCK AGENDA. THEY WANT RETAIL TO THINK ITS A MEME & DOWN VERY BAD, MEANWHILE, ITS UP 400%+ SINCE PRE SQUEEZE PRICES WHILE TECH SECTOR GETS SMOKED. THE STOCK HAS HELD 'VALUE' BETTER THAN STOCKS TALKED ABOUT EVERY SINGLE DAY AS A BUY. Read about psyops... psychological operations are made to push fear into brains to reverse decision making... "meme stock bad, GameStop bad" type of thinking... + +Meanwhile, + +**Peloton is half the price of its IPO. Disney is back to march 2020 covid dump levels. The list goes on... go look at Cathie Woods bag holding all her bags. However, Gamestop is up 480% since January 1, 2021!** + +They want the retail public to think meme stocks are all the shitty meme stocks. **GAMESTOP IS NOT A MEME STOCK**. **IT'S NOW 100% A FUNDAMENTALLY GREAT STOCK, ILLEGALLY OVER SHORTED, FAKE SHARES CREATED, HEDGE FUND SHORT PROJECT GONE VERY WRONG.** This is why they need to pair every other shit stock in the basket, it's a distraction to scare retail who would be NEW MONEY. NEW MONEY IS NOT GOOD FOR HEDGIES. + +APES ARE NOT WORRIED AT THIS POINT & THAT"S WHERE THEY'VE ALREADY LOST. + +Gamestop has a real team, real leaders, real projects are being built, real devs, real partnerships, real eCommerce w/ 2 day shipping (bezos fukt) and its REAL 'dying' brick & mortar stores (not dying was there last week, 15 people in one store). + +ZOOM OUT. THE STOCK IS UP FROM 480% from its first trading day in 2021... on JAN 5TH 2021, $17.35, today $83.46. That is 4.8x (480%) + +I BOUGHT MORE TODAY. WILL BUY MORE TOMORROW. WILL DRS. NO CELL NO SELL. IVE NEVER ENJOYED BUYING SHARES OF A STOCK MORE. I BOUGHT AT 300, I BOUGHT AT 40, I BOUGHT AT 90. I WILL BUY IT EVERY SINGLE WEEK FOR THE REST OF MY LIFE. GG +As it is now a buyer's market, I'm assuming it would be perfectly reasonable to give real estate agents a price range that you'd be prepared to pay for the property they are flogging. Then, when it comes to closing the deal (as perhaps the only interested buyer) simply subtract 10-15% from the bottom end of the range you gave. + +Sure, you knew that bottom line figure would be around the mark the whole time, and you also may have wasted plenty of people's time and money, but so what? In time this will be acceptable and just considered "the way it works". + +Be interested to hear other people's thoughts on how this new paradigm could work. +I've been seeing the articles popping up recently about people in investment banking working almost 100 hour weeks so that they can get to a place where they are making hundreds of thousands per year. Alongside that, I've been looking at the whole "four hour work week" movement and just interested to see some different takes on these two different approaches. Which one would you (or do you) opt for, and why? +Hi, + +So I started to grow my dividend portfolio in june, I already own 8 stocks and looking to add some more. I've scrolled through top topics in this subreddit and I thought why not make a thread where everybody can recommend one or more stock that likes the most in his portfolio. Of course, we are looking for safe, reliable and stable companies that have dividend growth/pay history and their payout ratio is on safe level(below 80%?) + +Please add your suggestion, if you do not mind, write some words in comment about it why you find it best as dividend payer :) + +Mine pick is **Manulife Financial - MFC** + +* Largest insurance company in Canada, second in US +* 35B $ market cap +* low payout ratio - 26% +* High starting dividend yield - 5,42% +* 10% dividend growth over past 5 years +I’m 19 and live with my parents and they want me to plan out Their retirement. I’m currently using td Ameritrade but I think vanguard is more appropriate for their needs. I could really use some advice here on what to invest in I’m thinking etfs and stocks with at least 3.5% yield thank you for any help. +Hey reddit! + +I'm currently in a fair amount (to me) of debt. I'm struggling to keep on top of it, it's absolutely draining the life out of me because I never go out or have any money to do anything fun, and it just feels insurmountable. I've already contacted step change, they gave me an email to send that should have given me a few months breathing space (mainly to get out of my overdraft) but both Lendable and Lloyds denied it and I'm just back to paying monthly. + +I'm currently genuinely considering a payment plan. I don't want to do this because I want to get a house within the next few years with my boyfriend and I know it stays on your credit score, but it feels like struggle now or struggle later is my only choice. + +Currently £4,533 on a Lendable loan and basically £4,500 on a Lloyds credit card. + +Loan is £191 a month, credit card is min payment around £100 and then £60 interest deducted every month. I've cut up the credit card now. + +Atm in my overdraft (£500). + +Also currently owe my brother £300 (so I could pay my rent this month. Agreed to pay £100 a month) + +Total debt is 9800, basically 10k. I feel sick. + +I get paid 23,500 PA, £1635 each month after tax. + +Bills are: +Rent 450 +Car Insurance 103 +House Insurance 8 +Phone 34 +Gym 25 +Fuel monthly 60 +Spotify 5 +Food 200 +Travel to work 60 +Total: 945 + +Debt: +Brother 100 (for 3 months) +Loan 191 +CC 150 (I always put 150 on there) +Overdraft 500 +Total: 941 + +Should I take the payment plan? Is it worth me at least getting my footing right and then being able to pay them off quicker? Because once I'm out of my overdraft, I DO have the extra money to pay off extra each month. Its just impossible to get to that point at the moment. + +Any help would be greatly appreciated, I wish I had never got myself into this mess. + +Edit; I am not getting rid of the gym or Spotify. It's £30 and it's the ONLY luxury I have at the moment. Going to the gym, drowning out my thoughts with music (and no ads), it's the only thing I will not be removing. + +Edit 2: Holy fuck, I don't care how many of you say it or how many of you think clearing debt asap is the most important thing, I am NOT getting rid of the gym or Spotify. Its £30, it'll help me a MONTH sooner in the long run, and I'm still allowed things that make my life worth living. If you come to comment and mention getting rid of the gym or Spotify, don't bother. +Maybe I do not know Tiktok well enough, but it doesn't have a hook like facebook does to get people to come back. Even though people do not use [facebook.com](https://facebook.com) as much, people are still using messenger for messaging their friends or whatsapp or Instagram. Tiktok is more similar to youtube in this regard in that from my understanding it is not being used as a way for connecting with friends and planning social events, eg "dinner @ 8, who's in?" + +&#x200B; + +I think it can semi-permanently steal market share from Google, but since their is no hook to get people to come back (like messenger for Facebook), a superior product can come and beat it. + +&#x200B; + +So While I do believe Tiktok can steal significant market share in the short run from Facebook, Google, in the long run unless they make DM easier, or embed themselves (which they trying to do very hard) in society, I don't think its a long term threat... + +&#x200B; + +What are your thoughts? + +Edit: Thanks for all your responses. Having never used TikTok I never realized how addicting it was. +BEIJING, July 4 (Reuters) - China's cyberspace administration said on Sunday that it had ordered smartphone app stores to stop offering the ride-hailing firm Didi Global Inc's [**(DIDI.N)**](https://www.reuters.com/companies/DIDI.N) app after finding that Didi had illegally collected users' personal data. + +The Cyberspace Administration of China (CAC) said on its social media feed that it had ordered Didi to make changes to comply with Chinese data protection rules. It did not specify the nature of Didi's violation. + +Didi responded by saying it had stopped registering new users and would remove its app from app stores. It said it would make changes to comply with rules and protect users' rights. + +Didi's app is still working in China for people who have downloaded it already. It offers over 20 million rides in China every day, on average. + +Chinese regulators have tightened data collection rules for major tech firms in recent years. + +CAC on Friday announced an investigation into Didi to protect "national security and the public interest", two days after the firm began trading on the New York Stock Exchange. [**read more**](https://www.reuters.com/technology/china-cyberspace-administration-launches-security-investigation-into-didi-2021-07-02/) + +Didi, which offers services in China and more than 15 other markets, gathers vast amounts of real-time mobility data every day. It uses some of the data for autonomous driving technologies and traffic analysis. + +Founded by Will Cheng in 2012, the company has already been subject to regulatory probes in China over safety and its operating licence. [**read more**](https://www.reuters.com/world/china/riding-hailing-giant-didi-says-it-stores-all-china-user-data-china-2021-07-03/) + +Didi had set out relevant Chinese regulations in its IPO prospectus and said: "We follow strict procedures in collecting, transmitting, storing and using user data pursuant to our data security and privacy policies." + +&#x200B; + +Source: [https://www.reuters.com/world/china/china-cyberspace-agency-says-didi-illegally-collects-user-data-2021-07-04/](https://www.reuters.com/world/china/china-cyberspace-agency-says-didi-illegally-collects-user-data-2021-07-04/) +Title pretty much explains it all. My boss didn’t approve my time card in time and now I won’t have enough to cover rent that’s due on the first of May. I apologize if this type of post isn’t allowed but I’m freaking out, what are my options? Thank you for any advice/options! +https://www.cnbc.com/2020/10/20/netflix-nflx-earnings-q3-2020.html#:~:text=Here%20are%20the%20key%20numbers,million%20expected%2C%20according%20to%20FactSet + +Thought the sub miss was supposed to be the major crash everyone feared.. Netflix is up 60% ytd +Hello Future UltraArmy!! + +**$1,000 & two $300 prizes on our Twitter!!** + +Welcome to **Generational Wealth**. Assuming you buy in now at least .**37,000** holders & counting have understood the Value of UltraSafe. Crypto’s current **Coin of the Future** is looking to be a **dominant** currency with use cases **WorldWide**. + +The **Safest Token on BSC**, UltraSafe is **Fully Rug Proof** with its **Contract Ownership Renounced**. It currently has two audits completed by **Solidity & Certik** with a **3rd** currently in the works. UltraSafe has its **Liquidity Locked for 79 Years**, higher than other tokens on the market. UltraSafe has corrected vulnerabilities that would allow a rug pull still in other “safe” tokens. We are truly, UltraSafe. Developers have been **Fully Doxxed** to proper entities. Full Public Dox down the line. + +UltraSafe provides you with **Passive Income** through its tokenomics. There is an 8% tax that **reflects 4% back to holders** proportionate to what you hold. The other 4% is sent to locked liquidity to **Exponentially Decrease Impact Selling** has on our price. This helps to **prevent Pump & Dumps** & **encourages Whales to hold**. + +Future plans including but not limited to : **dApps, NFTs, UltraWallet, UltraExchange, Merchandise, More CEX listings and more AMAs. **Influencer and Social Media based marketing** is currently being **ramped up**. Billboards, Planes, Times Square advertisements are currently live & about to be everywhere. An **Animated Website v3** is soon done and live. **LLC** near completion. + +**Currently the best token to ride up with the crypto recovery. Come make some money with the UltraSafe community!!** + +Important Links : +[UltraSafe Website](https://ultrasafe.finance/) - +[Coin Market Cap](https://coinmarketcap.com/currencies/ultrasafe/) - +[Solidity](https://solidity.finance/audits/UltraSafe/) - +[Certik](https://www.certik.org/projects/ultrasafe) - +[Discord](https://discord.gg/hy54dHhjvk) -[Twitter](https://mobile.twitter.com/ultrasafebsc) - +[TeleGram](https://t.me/UltraSafeOfficial) -[Reddit](https://www.np.reddit.com/r/Ultrasafe/) - +[BscScan](https://bscscan.com/token/0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) - +[FaceBook](https://www.facebook.com/groups/503406880704284/) - +[StockTwits](https://stocktwits.com/symbol/ULTRASAFE.X) - +[Most Recent AMA](https://m.twitch.tv/videos/1036054617) - +[irst Live AMA](https://youtu.be/FcyQYBk4wU4) - +[CoinGecko Listing](https://www.coingecko.com/en/coins/ultrasafe) - [DexTools](https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945) +We rent a house where we're 99% certain this is the case. Usual story, overseas investor (young Chinese couple on paper, dad's money for deposit - 45% upfront from what we understand). Just curious what happens if the ATO discover this rort? + +EDIT +It's funny how being priced out of owning a home by overseas investors rorting the system is ok; but a tenant playing by the rules and taking a stand, or using it as leverage to acquire a better deal for their family experiencing shoddy treatment by the same owner is morally bankrupt + + +Jim Cramer selling a Crypto has developed into a bullish signal: + +Last time, Jim Cramer has called for selling Bitcoin at around $30,000, because he thought it reached its peak + +A few days ago Cramer called for selling again, he sold a chunk of his Ethereum, saying he thinks it might have reached its peak. (He has already lost around a 8% gain) + + +Will history repeat itself? + +[(source on Cramer selling his Ethereum)](https://www.livebitcoinnews.com/jim-cramer-sells-some-of-his-ethereum/) +[(source2)](https://www.cnbc.com/2021/10/18/cramer-sold-some-ether-holdings-ahead-of-bitcoin-futures-etf-launch.html) +*This is a guide using Interactive Brokers IBKR for a lot of apes out of the US and Canada, particularly in Europe but it can be used globally. Basically, you can open an account with IBKR, transfer or buy shares with them then initiate a DRS transfer via the secured message center. I eat yellow crayons for breakfast and my last IQ test came at 69 so this is* ***NOT financial advice***. This is simply a gathering of information available publicly. + +**^(Last update: Nov 11 @ 01:15am NYC Time // I was out of a computer for a month so couldn't do major updates. Apologies for the delay! Main update is the simplified outgoing process implemented by IBKR vs messaging.)** + +# TL;DR + +A guide to **TRANSFER** a portion/all of your GME shares to Computershare (CS) from Interactive Brokers (IBKR). + +# Intro + +Before I jump into the process for IBKR, let me clarify something. First, your broker might actually allow DRS Transfer (in which case this guide could be useless for you). In other cases, while your broker might not allow DRS transfer, they might allow Broker to Broker transfer. In this case, you could transfer your position from your current broker to IBKR then do a DRS Transfer to ComputerShare. Finally, PLEASE CHECK that your broker won't actually liquidate your position if you do a broker to broker transfer. + +\------- + +# 🇮🇹 Gorilla Italiani (a message to Italian Apes) 🇮🇹 + +🇮🇹 Go to u/-LNZ post for help. He has done [something in Italian just for you](https://www.reddit.com/r/Superstonk/comments/pzvc4z/italian_ape_here_wanting_to_help_other_italian/) 🇮🇹 + +\------- + +# A note about tax impact of transferring (ie: registered accounts (IRA, 401K, TFSAs, etc), lot method, cost basis and keeping track of your share transactions. + +**Registered Accounts** + +Lucky apes in the US and Canada can access registered accounts with their brokers (also known as IRAs, 401K, RRSP, TFSAs, etc). Because you would be dealing with CS US, a registered account for Canadian and anyone overseas just won't be possible. As a result, before initiating, I would make sure transferring to CS is in my best fiscal advantage (but that's me). + +*As far as US apes go, I understand CS is accepting IRA account however, it's a fairly complicated process and needs more DD* + +&#x200B; + +**Transfer** **Lot Method** + +**ELI5: You can choose which shares you want to transfer (the first ones you bought? The last ones? etc)** + +When transferring positions, your initial broker should be asking or give you the choice on the tax method you'd like to use to transfer your positions. If not, there should be an option in the account management or you could check your statements and list to your brokers the shares you want to transfer. + +With IBKR, it's the same and I would encourage apes to first check the tax method and select the right one based on where you live, your situation, etc before initiating the transfer. More on this below. + +Some of the common ones: + +* Last In, First Out aka LIFO - The last shares you bought will be transferred first. +* First In, First Out aka FIFO - The first shares you bought will be transferred first. +* Highest Cost - The shares with the highest cost will be transferred first. + +There are a few other methods and each of these will be in your favour or not based on where you live, etc. Do your DD. [Here is something I found really quickly](https://finance.zacks.com/determine-shares-sell-fifo-lifo-9766.html) + +&#x200B; + +**Cost Basis** + +Once again, when you transfer, you might see the cost basis a bit all over the place. I encourage you to ensure the right cost basis is recorded before you start your transfer from IBKR. + +&#x200B; + +**Keeping track of your transactions** + +I'm a grandpa at heart and always like written proof. As such, I encourage you to keep your statements on your initial broker and generate a statement from IBKR (keep it in a safe place on your computer or else). + +\------- + +# I want to open a CS directly + +If you are in the US, you can follow [this kick-ass guide](https://www.reddit.com/r/Superstonk/comments/ppw723/transferring_shares_to_computershare_part_2_a/) from u/BananyaBangarang. Unfortunately, for the majority of international apes, it is not possible to open an account with CS directly. + +\------- + +# Some DDs to understand more about DRS and Computershare + +Check the following posts: + +* From u/Doom_Douche / [SuperStonk Post: When you wish upon a star - a complete guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +* From u/Criand / SuperStonk Post: [Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. Hope this clears things up!](https://www.reddit.com/r/Superstonk/comments/ptp3a4/thought_id_make_some_bad_charts_for_you_visual/) +* From u/Criand / SuperStonk Post: [Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. ComputerShare is not some shady company. They are the designated transfer agent for 37.4% of the market.](https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/) +* From u/Criand / SuperStonk Post: [ComputerShare and DRS is the way. It ignites the squeeze because it's equivalent to an investor-driven share recall. You aren't transferring shares, you are transferring CERTIFICATE ownership away from the DTC and into retail's hands. Shares can be replicated infinitely. Certificates can NOT.](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/) +* From u/zenquest / SuperStonk Post: [Why direct ownership of GME at Computershare is the most likely trigger and what's stopping](https://www.reddit.com/r/Superstonk/comments/prsk9n/why_direct_ownership_of_gme_at_computershare_is/) + +\------- + +# FAQs + +&#x200B; + +* ***"How long does it take?"*** \- There could be 3 parts to this process: + +1. The process of transferring your shares from your current broker to IBKR; +2. The process with IBKR, and; +3. The process with CS (ie: create your account, etc). See below of this post for more on this. + +&#x200B; + +* **"*****Do I need to transfer all to CS now?*****"** \- Simple answer is no (unless it fits your investment strategy). You should have done your DD about your broker and understand how reliable they are on a scale from Robinhood to Fidelity. CS and DRS transfer is suited for some apes wanting to build an ♾️🏊. If I use my personal experience, I have transferred ~~20%~~ 80% of my GME shares to CS because I'm not planning on selling short or mid-term. That's my decision and it suits my investment strategy. + +&#x200B; + +* ***"So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?"*** \- Really valid question and it's a personal choice again. For me, I want these shares in **MY** name, not street name. + +&#x200B; + +* **"*****What happens if MOASS starts while the shares are being transferred?*****"** \- Once again, you have to be clear about your investment strategy. If you are not planning on selling these, why do you care if they are in transit? From my POV, it's a plus. I won't be tempted to touch them. + +&#x200B; + +* ***"Computershare has a shitty ceiling on max sell?"*** \- That's true. $1m/transaction so definitely lower than my floor. Anything above this will require written notice. As per above, see post [here](https://www.reddit.com/r/Superstonk/comments/pphitt/computershare_sell_limits_per_customer_support/) + +&#x200B; + +* ***"What happens to my shares once they are 'transferred' to CS?"*** \- Well, it's a bit weird. As stated above, they are not a broker yet the shares will show on your Computershare account, not your existing broker account. + +&#x200B; + +* ***"What happens once the transfer has gone through with my broker?"*** \- See bottom of this post for more on this + +&#x200B; + +* **"I already have a CS account, will another account be created if I transfer more shares later?"** \- That question has been floating around lately. If you start subsequent DRS transfer and want these shares to go to your existing CS account, quote your CS account number to your broker. Just make sure the name on the account match. + +\------- + +# LEEEGOOOO + +**A word about IBKR** + +I won't chat about how dodgy IBKR is or how shitty their founder is. I don't care about this. To me, they are a mean to an end (1. Buy shares via IEX and 2. Transfer to CS). I've been a customer with them since 2017 and they've been fine. + +**Be kind** + +One last thing, be patient and kind with the customer service reps and CS side. If you get a good experience with one of them, take another 5 min after you are done to write a referral or compliment, it goes a long way! + +&#x200B; + +**Things you need to know and/or might need** + +* **GameStop Details:** + +**Ticker: GME** + +**CUSIP: 36467W109** + +&#x200B; + +&#x200B; + +* **Computershare Details:** + +**Address:** + +>**Computershare Trust Company, N.A.** +> +>**P.O. Box 505005** +> +>**Louisville, KY 40233-5005** + +**CS DTC #: 7807** + +# Phone Number / GME Team: +1 877-373-6374 and press *99 + +\------- + +# The Process + +>**# LIST OF COUNTRIES:** [Wherever IBKR operates](https://www.interactivebrokers.com/en/index.php?f=7021) +> +>**# NOTE: You don't need to open a ComputerShare account, IBKR will take care of it as part of the process.** +> +>**# IMPORTANT: You need to have funds available in USD on your account for the fees. Don't risk delays.** +> +>**# FEES: $US5** +> +>**# PROCESS COMPLEXITY:** 🔷 +> +>**# TIMING: 5-7 days** +> +>**# METHOD: Online Form** + +First and foremost (and not covered in here), you need to open an account with IBKR, it's not complicated but it's lengthy and can take a few days. I'm not doing this for the money nor the fame but if you want a referral code, let me know and I can shoot one. + +Anyway, so you've opened an account. Well done retard. + +Now it's fairly simple. Essentially, you just have to request an OUTGOING DRS Transfer. + +# BEFORE YOU GET STARTED + +**!!!! Ensuring your details are correct on your IBKR account (Name, Middle Name, Address (to the T), Tax number, Phone number, etc) !!!** + +CS will be using the details provided by IBKR to transfer your shares. If you have a wrong address, you won't receive your snail mail. If you have the wrong Tax number (if applicable), you might not be able to register online, etc) . + +&#x200B; + +**!!!! Ensuring you have funds on your account IN US DOLLARS !!!** + +When you open your IBKR account, you select your base currency and when transferring funds on the account, the money will be added to this base currency (ie: you transfer Euros in, they will show as Euros on your account, so on and so forth). + +For the DRS Transfer, **YOU NEED TO HAVE FUNDS IN US DOLLARS. I REPEAT, FUNDS IN US DOLLARS.** That means you need to convert $5 or a bit more in USD. Keep in mind if you have a cash account, it might take T+2 to settle. I have had settlement in minutes and other times in a few days. + +**Step 1.** In the menu, click on Trade >> Convert Currency then convert some in USD (enough to cover the cost of transfer) + +https://preview.redd.it/c2cvzdu9fnq71.png?width=1160&format=png&auto=webp&s=498f2e3ac23c44ac7e7db6933477655e8d09e5c5 + +&#x200B; + +**Choosing your tax method (ie: what shares do you want to transfer?)** + +**Step 1.** Make sure you have chosen your tax method by clicking on Reports >> Tax Documents on the menu (also available in the app) + +https://preview.redd.it/ux6j0knxcnq71.png?width=1167&format=png&auto=webp&s=5fb31985fa1be930217a9a897cbc7e077d42cf71 + +**Step 2.** From the drop-down list, choose your preferred method then click save. (See above to learn more about this) + +https://preview.redd.it/hmgdmj6bdnq71.png?width=1112&format=png&auto=webp&s=8371185e124430cb439291d8dac378d67e69d1f8 + +&#x200B; + +**Adjusting your cost basis** + +In some cases, during your initial transfer, your lot and cost basis might be all whacked. Adjusting your cost basis is the way to rectify this. + +**NOTE: Keep in mind IBKR has 10 days to do this so even if you have adjusted your cost basis, it might not be reflected immediately.** + +**Step 1.** Click on Reports >> Tax Documents on the menu (also available in the app) + +https://preview.redd.it/ux6j0knxcnq71.png?width=1167&format=png&auto=webp&s=5fb31985fa1be930217a9a897cbc7e077d42cf71 + +**Step 2.** Bottom right, you'll see Cost Basis. Click on the icon near Position Transfer. This is where you can input your cost basis and dates for the lots you have transferred. Easy. Just make sure you have a detail of these by using your broker statements. + +https://preview.redd.it/3h64iku6enq71.png?width=1147&format=png&auto=webp&s=fead6d16fa3d70fc2f88569962cf51131a1b50c5 + +# TIME TO ACTUALLY TRANSFER + +**On Web or Mobile** + +**Step 1.** Click on '**Transfer & Pay'** and select '**Transfer Positions'** on the menu. + +https://preview.redd.it/nf01rjnf4vy71.png?width=2782&format=png&auto=webp&s=7dc20317951c13501942c2ea8aed4e54cf2bcf11 + +**Step 2.** Select '**Outgoing'** (below the top purple box I've placed in the screenshot) and click on '**Select'** for DRS. + +https://preview.redd.it/2mu8bnmg4vy71.png?width=2764&format=png&auto=webp&s=b893c1bc322bf3fdff7f28bba05502aba7e86c30 + +**Step 3.** Fill the details as required and click on '**Next'** + +Note 1: If you already have a CS account CXXXXXXX, don't forget to input it here. If you don't, leave that part blank + +Note 2: Select how many shares you'd like to transfer. + +https://preview.redd.it/ndbpws1i4vy71.png?width=2778&format=png&auto=webp&s=b299d1524ee16ab56f5e6e37962519b261886b8c + +**Step 4.** On the next screen, you'll see a summary of what you are about to transfer, sign with your name (it needs to match) and click on '**Continue**' . Follow the remaining instruction and boom, you are good + +https://preview.redd.it/m1waya4j4vy71.png?width=2750&format=png&auto=webp&s=f99089983a204b4349dbe36eded573e7a4b1364a + +\----------------------------- + +# BONUS #1 - Issuing a Report + +I always ensure to keep track of my transfers, etc. As such, I would always keep PDFs of my broker statements showing when I bought my shares. I would also keep statements from IBKR. + +To generate a statement, it's easy: + +**Step 1.** In the top menu, click on Reports >> Statements + +**Step 2.** On the new loaded page, click on the **+ icon** in the Custom Statements window + +**Step 3.** Give your statement a name and in the Sections part, select All. + +**Step 4.** In the *Sections Configurations*, I have selected **MTM and Realized P/L** for **Profit and Loss.** + +**Step 5.** In the Delivery Configurations, I have selected PDF and save + +\----------------------------- + +&#x200B; + +# BONUS #2 - So you want to buy with IBKR? + +When buying shares, please refer to the currency section. You will need to convert in USD to start buying. + +Once that's done, [you can check my quick guide to buy via IEX](https://www.reddit.com/r/GMEJungle/comments/p5ahqq/infoguide_iex_how_to_route_to_iex_on_interactive/) + +&#x200B; + +\------- + +# So what is happening after my broker has completed its part? + +* Your ticket will be allocated to your broker. In my case, it took 3 days but it should be done in about 48h max. +* They will start the process. In my case, it took another 1-2 days. +* Once the shares are out of your account, it basically will take about 72h to land with CS. You can contact CS \~48-72h later to make sure all is fine (**GME Team: +1 877-373-6374 and press \*99)**. I've done that and CS confirmed my account was created and I just needed to wait for my registration details by post (about 3-4 weeks for International). You gotta be patient unless you ain't (see below if that's the case) +* You will receive your transfer confirmation a few weeks later. You can then set up your account. You'll need to set up your account with personal details, 3 security questions and a password. You'll then get a verification link to your email. +* Once that's done, CS will ask for a special token code (kinda 2FA)...and that code is sent by snail mail. You can call CS right away and request an express package. Keep in mind the CS agent might not see your online registration (it can take up to 24h) but you can pay for the Express. +* **INTERNATIONAL APES: you'll need to fill a W8-BEN form** but that can be done online when logged in your CS account. + +\------- + +# "So yeah, I'm not patient, what do I do?" + +**Self-Serve Method (didn't work for me)** + +**Step 1.** Login to [CS website and try registering online](https://www-us.computershare.com/Investor/#Home?cc=US&lang=en) (2) (you might need a VPN or overwrite the default country redirect (1). + +https://preview.redd.it/r627irbd0zq71.png?width=1141&format=png&auto=webp&s=c713e480e4b165e306d81412d6d8078f54f3b826 + +**Step 2.** Register with your SSN (Tax Number or equivalent), your ZIP code, etc. + +**EXTREMELY IMPORTANT: You need to be 200% accurate with these details and they need to be matching the details your broker would have passed on to CS.** + +**NOTE: For transparency, it didn't work for me since my postcode (ZIP) is 4 digits. I noticed it doesn't work if your postcode as letters in it.** + +https://preview.redd.it/uy8373de0zq71.png?width=818&format=png&auto=webp&s=8638e0393c846e9af260bfb3a0dbf3ff26efa6ed + +**Call Centre Method** + +**Step 1.** Call the CS US number on **+1 877-373-6374** and **press \*99** + +**Step 2.** Make it clear you just transferred shares, do not have a registration yet, and don't want to wait for regular post. You'd like **Express Post ($35 for US / $45 for international).** + +NOTE: You can also request Express to receive that special code. Just call them as you initiate the verification process. + +**Step 3.** Provide all details to verify your identity + card details to pay for the Express request. + +**Step 4.** Getting a tracking number should take a day so you can call back and ask for it. +I just bought a HDD at a junk sale came home and found a bitcoin wallet on it, I am unable to find the owner again so he has effectively lost his btc right? + +Unsure what to do with it, is there any way to un-encrypt it? +For me it’s Tesla. They were a disruptor in the automotive industry but their QC is getting quite poor and dare I say it, other brands are starting to make superior products. I definitely don’t see their reign lasting forever. + + +Edit: This has been super interesting now that it’s gained a lot of traction so I wanted to clarify a few things about my stance on Tesla. + +Yes I know Tesla leads the market in self driving, but they may not forever. No single tech company dominates the market for forever, so who knows how long their run might last, could easily go on another decade or two but I sure wont bet on it. I do think they have two huge strengths, however. 1) The ability to keep up with demand better than almost any other automaker and mass produce electric vehicles 2) Brand loyalty, almost like Apple in a sense. With all that being said, their P/E is absurd and I feel like one day the stock may be exposed for what it is. Does that mean I’m willing to short it? Not at all, I’ll just never directly buy any. + +Some of these answers have been amazing, and made me realize I’d buy Tesla way before a few other companies. Not sure why it came to mind before HOOD, TWTR, WISH but I wouldn’t touch any of those with a ten foot pole. +I feel like I’m in a never ending cycle of being at rock bottom. I’m 22, getting married next month and have no money. I feel like such a loser all the time because I feel like I should be able to provide for my spouse and I’m unable to. I listen to personal finance content pretty much all day while I work but I can’t seem to figure it out. I got rid of my car debt by selling it and downgrading which is good. I make $40k/year and feel stuck. I’m currently on an uber eats shift trying to at least scrape by our frugal wedding. There has to be an up side coming soon cause I feel like I’ve been down here for a while. Our weddings costing us less than $2k and I feel as if I’ll barely see to pay for it but I’m trying to look at the bigger picture and looking at the better position I’m in without the car debt. We had hopes to buy a house but that’s past anything I can dream of at the moment. Gonna work 80hrs a week for the next month and try to keep digging myself out of poverty. +Just a reminder earning growth is negative. I’m not sure why I keep seeing reports about strong earnings but negative earnings growth is anything but strong. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[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 + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Title. For context: I’m 24 years old, have a bachelors in biology (recent grad), live in HCOL area, and make about $54k annually as a lab manager + +Of course, how you spend your money influences how much you can save. But at the same time, you can only save so much if you don’t make a lot of money. + + +What advice do you have to someone in a position like mine who wants make serious money in the next 5-10 years? Should I try for a masters? How do I join the 6 figure club so that maybe one day I can get out of this renters trap and can retire someday? +Hey guys I was wondering how many bank accounts you should have? And what the purpose of them were for? I'm on this path to changing my mindset and becoming successful and generating wealth. I want to immulate what successful business people do. Thank you guys for all answers and opinions! +Growing up, my parents had a bank account for me where they would put all of the money I got from birthdays and other holidays. I specifically remember going to a certain credit union with my mom and depositing money from my First Communion. Then the credit union closed and I’m not sure what bank the money was transferred to. The memories are fuzzy. + +When I was 17, I got a debit card and a job, so we opened an account for me at our current credit union. This account does not have the money that I accumulated over the course of my life— just what I’ve had since I got my debit card. + +My mom handled most of my financial ordeals, but she passed just after I turned 18. I’m now 20. After two years of paying for college out of my account (and struggling to do so), I remembered how I should have money from growing up. I asked my dad about it, but he didn’t know where the money was. He confessed that he and my mom used some of the money back in 2008 when they were struggling to pay bills, but he “thinks that all he’s done for me has paid me back enough.” + +How do I find this account? Do I just have to go to a bank and ask if they have an account for me? + +If any of the information here is confusing, please let me know and I can try to explain better. +I'm sophomore at a top college doing math/finance/a small amount of comp sci, and I'm also doing my first finance internship right now at a hedge fund. I'm also beginning to realize that I would rather have a smaller paycheck and more time to myself than to sacrifice sleep and personal life for an elite career. Right now I'm waking up at 6 each morning and getting home around 7 or 7:30 each day (and I know many in investment banking work much more than that). Honestly I think I would kill myself or become a drug addict if I had to work 80+ hour weeks for a few years. As finance is a broad field, what are some of the more 'enjoyable' or at least less stressful areas of it? And what advice do you have for getting into those areas? + +inb4 I'm a pussy.. +Can someone confirm if I am correct in this? This is a hypothetical situation and I haven't done this, but I would like to make sure that my calculations are correct here, because I never really understood why someone would write deep itm calls or puts (out of risk of shares being exercised at a lower price or shares being assigned at a higher price), but after reading up a bit I think I understand why and just want to confirm. + +TSLA 4/8 exp 850c + +$207.00 in premium + +TSLA current price - $1054 + +If I did a buy write and sold a 850C - + +Pay $105,400 for the equity + +Collect $20,700 in premium + +Actual Cost: $84,700 + +Shares are exercised at $850 and I keep the $300? + +Am I missing something here as the potential loss, besides TSLA have a +50 to the upside kind of day and I just lost out on the $5k on that move? + +I'm only using TSLA as an example, because of the high share value and the high premiums. +Hi everyone, + +I know this is primraily a US based thread, but thought to cross post this here. Some of the tax deffered (Super) accounts are a bit different as well as taxation laws, but would still appreciate dicussion! + +I have made a throwaway, but am a freqeunt lurker on my main account. + +\*\*Ps. Situation is for an immediate family member, but thanks for the kind words!\*\* + +\--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + +A little bit of a **'what if situation'**, or **what would you do?** + +The situation: Sale of a business within the next 12-24 months and in doing so you will have access to between 30-40 million dollars, in chunks over the next 3-5 years. + +Specifics: Your age is mid 50s, you have a PPOR (\~1.6million), no mortgage. Married with some adult children who are self reliant. Some properties within a SMSF (tax deffered) in yours and wifes name totalling 1.5 million. + +The first step is to seek guidance from a qualified financial advisor with some clear goals. Who do you see? - will one be better than another? + +Secondly how would/should this much money be invested to achieve the goals of: maintaining wealth long term, providing a passive income and maintaining intergenerational wealth for children/descendants. + +Other thoughts/questions are appreciated. + +Thanks! +I honestly don't care about HODLING crypto (more power to all of you though). + +I was forced into it because I was losing so much money from traditional banking. + +Background: I get most of my income from marketing clients abroad (I manage digital ad campaigns). Paypal/Swift used be the default method to get paid because it was ubiquitous and honestly quite easy to use for clients. + +But Paypal charged me A LOT. + +* They take a cut from each payment I get from each client +* Then they take another cut to convert those funds (ie. USD, AUD) into my local currency +* Finally they charge me to transfer funds to my bank account +* There's no interest or staking on any funds I leave and don't transfer to a local account + +This happens to each client and for each payment. All these fees and extra charges each month easily add up to $150-$300. + +For context, this is how much $300 is worth in my country: + +* I can get **6 weeks' worth of groceries** for my 5-person household +* It's almost **50% higher** than our minimum wage +* It's equal to **more than half** what a young professional earns each month in their 1st job +* I can eat 98 Big Macs + +Now, I get paid in crypto (not all, but a big chunk). It's mostly XRP because it's easy to withdraw here and the fees are next to nothing. + +I basically get a bonus paycheck every month and I love it. + +I now have less stress because of strict budgets for groceries, can buy actual good quality stuff, and have a bit extra to get a few small gifts every now and then for the people I care about. + +But it also makes me sad because **there are literal millions of people like me** who rely on payments or remittances from abroad to survive. + +$300 might be small time for folks in the US, but it's life changing for us. +The uneasy consensus here in this sub is that markets already bottomed in March and that the recent recovery is not a dead cat bounce. However, a sizeable minority of the sub is still bearish. Is this what the recovery from the 2008/2009 crash felt like in 2010 and 2011? Were as many bears back then as there are now who seem to think the market is going to plummet yet again? + + +[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!* +24 y/o engineer + + +Salary: $7x,xxx + + +Current $401k balance: $16,xxx + + +Company matches 100% up to 6% as long as I am above 8% + + +Currently, I contribute 10% Roth and 4% pre-tax. Considering the company's contributions are pre-tax, this comes out to a net 10% Roth and 10% pre-tax. I don't plan on changing the amount I'm contributing (either up or down), but am looking for input on if my contributions should be allocated differently. Thank you! +Tenant had some flooding and said their rental insurance denies their claim because they don’t cover flood. My property insurance doesn’t cover flood either. Should I still call them? Tenants want me to pay for their personal property? +I am struggling to find lenders that can carry a high balance mortgage. + +I am looking for a non-conforming/jumbo lender that finances high balance loans - purchasing a home for about $5M in California. I spoke to the major main stream banks like Bank of America, Wells Fargo etc, the maximum they lend is up to $2.5M for jumbo loans. + +Figured this community may know lenders that can finance $4M+ primary loan (with a $1M down payment). We are well qualified (high income & savings, high credit scores), who do you suggest I talk to? +Thought it was appropriate to make a post on this, after seeing this poor guy [u/lusi\_spagetti](https://www.reddit.com/user/lusi_spagetti/) [losing a lot of hard earned money by "investing" on penny stocks](https://www.reddit.com/r/pennystocks/comments/mjwe60/i_dont_even_know_anymore/). + +You may know that, on average, mindlessly throwing cash at the [S&P500 gives you an expected return of 10% a year](https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp). Some years it may be 20%, sometimes you may get fucked by a tech bubble or a pandemic, but, overall if you leave your money there for a good 30 years, you'll find your 10k became a 100-150k. It's basically like playing at the casino, but you're lucky enough to be on the right side of the table: you will win and lose on single trades/years, but overall your expected return is positive. Just like playing the roulette, betting always on red, but if it goes on the 0s you still win. + +This is generally due to the S&P500 giving you exposure to the growth of the American economy (often the world economy, as these companies have sales/business worldwide). Hence, as long as tech/education/business improves the economic condition of the US, you can profit from it by just buying an S&P500 ETF, and reliably grow your wealth. + +With penny stocks, the opposite is true: [the average penny stock loses 27% a year, the median 37%](https://seekingalpha.com/article/4210286-lot-of-college-educated-people-are-losing-money-in-penny-stocks). Which basically means that by trading them, you are expected to lose money, in the long run. Makes you reflect on why institutional investor/hedgies don't touch them with a 10ft pole. A key reason is the quality of the companies you are investing in: companies with poor management, no valuable tech, unsustainable financials, etc. One may easily be tricked into thinking that buying penny stocks it's just like buying S&P500/NASDAQ/DOW grade stuff, just at cheaper share price, and hence be exposed to the same growth due to the economy improving. But it's not: on average, you are buying a failing company, and you should expected to lose money from your investment. It's easy to think, with all the crazy gains posted (and much less crazy losses - shy bagholders), you could make a quick buck on pennies, but the reality is the exact opposite. Don't be fooled by the current inflated prices caused by [an avalanche of retail "investors" in the last couple of months](https://www.nytimes.com/2021/03/18/business/penny-stocks-trading.html). + +This is of course unless you have an edge. So ask yourself: do you reasonably think you have an advantage over other market players? An edge can be things like: + +\- spectacular DD skills + +\- a trading strategy nobody/very few are adopting + +\- anything leading you to make better-informed decision than other market players + +An edge is not: + +\- "I learned technical analysis from -insert guru name-" ([technical analysis is bs, per EMH - even just weak form](https://www.investopedia.com/ask/answers/032615/what-are-differences-between-weak-strong-and-semistrong-versions-efficient-market-hypothesis.asp#:~:text=Though%20the%20efficient%20market%20hypothesis%20theorizes%20the%20market%20is%20generally,technical%20analysis%20can%20aid%20investors), ask yourself why anyone would give away this ultra important edge) + +\- "I bought $WTF and made 1000% in a month" (that's a black swan event - which is contemplated in the EMH) + +\- "I'm an insider for some well promoted P&D schemes" (... well technically it's an edge, and quite a serious one, but other than a positive return you should expect a visit from the SEC) + +So, overall, yes, you can find undervalued opportunities while trading pennies, and make the millions. One may argue that, since there's a lot less DD going on with them, one could develop such fundamental analysis edge more easily. But, on average, you should expect to lose roughly 1/3\~1/4 of your money every year. The more trades you make, the more likely you are to get to this. Also, it's worth noting that the edge you need to develop is more substantial than to generate alpha in big-boys trading, as you first need to overcome the negative 27% average. + +**If there was a penny stock index ETF (P&D500?), I would short it. The expected return would be a mind bending - Warren Buffett beating 27% a year.** + +Happy Easter everyone! + +tl;dr: if you don't have an edge, the reasonable expectation is you'll get fucked +From an investment angle, hence posting here on UKPF (property subs don't appear to have many subscribers). I have come across numerous ads on rightmove for property such as this: https://www.rightmove.co.uk/commercial-property-for-sale/property-88940039.html + +What benefit would this offer to someone who purchased it at auction? Checking out the auctions that have recently taken place, such listings tend to go from practically nothing to 10-20k. + +The latter ones appear to have property development potential. The lower ones I can't see any value in owning at all? There is one estate agent that mentions you could use a tiny parcel of land for a mobile phone mast but even that seems fairly unlikely to achieve. +Please help my father might die I have no relatives he’s the last of my family not sure how to pay the bills all the bills are under his name. + +I’m 29 had a really strange upbringing but it left me not having any education and have only Done odd jobs I don’t have a GED either + +I’ve never paid any bills before and don’t have any credit + +My father was in the Air Force for 27 years he is now on a ventilator Because of heart failure + +All I know is he’s paid off the mortgage of the house. I found his birth certificate and social security number. I also have his computer login and emails? + +What do I do Im the only family member left? And only have 120 dollars But I do have ebt + +Was told + +Estate attorney (I’ve looked it up and can’t afford it I only have 120 dollars) + +Human services + +Not sure what else to do it’s all overwhelming and confusing + +My dad might be weaned off the ventilator tomorrow what should I ask him? If he dies? + +(Edit) also I don’t think my father has a will I live in New Mexico and it says this if you die without a will + +When someone dies without a will (or intestate), New Mexico probate law designates the surviving family members to whom the estate will pass. ... If the deceased left no surviving spouse, then the deceased's surviving children (both biological and adopted) receive the deceased's property in equal shares. + +Would everything just go to me then maybe this is why he didn’t write a will? +*HDFL just announced they will be expanding their services to multiple blockchains!* +After a month of development and progress, the next push is about to start. + +HDFL | HyperDeflate utility and adoption progress are both absolutely roaring. Acceptance of HDFL for services rendered is now live. That’s right, functioning utility for under $500k market cap. Don’t miss this opportunity. + +Project Promotion on Doxxlocker + +Due Diligence Reports on any token (various levels available) + +Project uploads + +Project Consulting + +​DoxxScreen contract screening tool now live - gives an audit with explanation + +HDFL has set out to create an all-in-one, trusted platform for investors and developers alike. Web3 capability will be released for higher level information access in following iterations of the products. + +DoxxLocker is one of two use cases, which will generate ad revenue, offer due diligence reporting and be a free education resource for cryptocurrency investors. The second use case will be an app which will easily scan for common scams using a contract address alone. + +News and Highlights: + +• 📃Four DoxxLocker reports released to the public +• 💲 Major Outside Investor +• 6,000+ holders. Amazing team and community that constantly delivers! +• CoinTiger Exchange listed +• CoinsBit Exchange listed +• CG/CMC Listed +• First crypto currency to literally go to the moon +• Use-Case is live, services available now! +It’s all about deflating the supply and building a community of real people. Each transaction will have a 10% tax. 10% is burned forever on each transaction. You read that right, 10%. This will be the fastest burning token around. + +As always, DYOR, but I’m sure you’ll find that this project checks out + +TG: https://t.me/hyperdeflate + +✅ Zero Dev Wallet + +✅ Audited + +✅ Amazing Community + +✅ Unique Tokenomics + +✅ Rug Prevention Use Cases - First MVP Live: www.doxxlocker.com + +✅ Huge Potential + +Website: https://hyperdeflate.com +Guten Morgen to this global band of Apes! 👋🦍 + +I apologize for not having this introduction ready when I posted the thread today. +Some days I run a little short on time when I write, but I wanted to get the thread posted at the usual time. + +Yesterday was exciting, was it not? +Somehow the market rallied, though I don't think anyone truly believes in the rally. +I have a feeling that it was just another case of Wall Street trying to take advantage of retail investors playing Put options on a downward trend. +The manipulation is blatant, but ultimately meaningless. +I don't sell for 8% gains. +I don't play GME options. +I buy and DRS GME, and nothing is going to change my mind that it will lead to the MOASS. + +As we continue to anticipate the fall of Credit Suisse or another of the banks on the brink, let's enjoy the worldwide movement that has formed here. + +Today is Wednesday, October 5th, 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: **$27.40 / 27,71 €** *(volume: 2401)* +- ⬜ 115 minutes in: $27.47 / 27,77 € *(volume: 2180)* +- 🟥 110 minutes in: $27.47 / 27,77 € *(volume: 2160)* +- 🟩 105 minutes in: $27.47 / 27,77 € *(volume: 2160)* +- ⬜ 100 minutes in: $27.45 / 27,75 € *(volume: 2160)* +- 🟩 95 minutes in: $27.45 / 27,75 € *(volume: 2119)* +- 🟥 90 minutes in: $27.44 / 27,74 € *(volume: 2079)* +- 🟥 85 minutes in: $27.45 / 27,75 € *(volume: 2006)* +- 🟥 80 minutes in: $27.45 / 27,76 € *(volume: 1973)* +- ⬜ 75 minutes in: $27.47 / 27,77 € *(volume: 1920)* +- 🟩 70 minutes in: $27.47 / 27,77 € *(volume: 1862)* +- 🟥 65 minutes in: $27.11 / 27,41 € *(volume: 612)* +- ⬜ 60 minutes in: $27.25 / 27,55 € *(volume: 612)* +- 🟥 55 minutes in: $27.25 / 27,55 € *(volume: 602)* +- 🟥 50 minutes in: $27.26 / 27,56 € *(volume: 597)* +- 🟩 45 minutes in: $27.27 / 27,57 € *(volume: 597)* +- 🟥 40 minutes in: $27.26 / 27,56 € *(volume: 595)* +- 🟩 35 minutes in: $27.28 / 27,58 € *(volume: 595)* +- 🟥 30 minutes in: $27.27 / 27,57 € *(volume: 568)* +- 🟥 25 minutes in: $27.29 / 27,59 € *(volume: 568)* +- 🟩 20 minutes in: $27.31 / 27,61 € *(volume: 558)* +- 🟥 15 minutes in: $27.28 / 27,58 € *(volume: 557)* +- 🟥 10 minutes in: $27.30 / 27,60 € *(volume: 556)* +- 🟩 5 minutes in: $27.31 / 27,61 € *(volume: 536)* +- 🟥 0 minutes in: $27.20 / 27,50 € *(volume: 316)* +- 🟩 US close price: $27.60 / 27,90 € *($27.58 / 27,88 € 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 0.9891. 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! +# Preface + +I’m not usually one to shill my own coins but I’ve stolen a few good picks from this sub so I thought I’d share a new one I recently stumbled upon. Before I go into more details, I’d like to preface this by saying that I never invest in anything which I don’t think has the fundamentals to last at least 5-10 years and I don’t think this is a project which you will see a few hundred percent gains in a month or two. The hype isn’t there with this project and it’s more of a mid-long term play. If you want overnight gains, gamble on some of the smaller caps posted in this sub which are more like ponzi schemes riding on DeFi hype which you sell to a greater fool. + +# Introduction + +>Lition is a layer 2 blockchain infrastructure on top of Ethereum that enables commercial usage of dApps. The Lition protocol complements the Ethereum mainchain by adding features such as privacy, scalability and deletability for GDPR compliance. Everybody can choose to build on Lition without the need for permission. + +In addition to the above, they also have a P2P energy trading platform currently operating and is supplying green power to customers in over 1000 towns and cities across Germany. Through their power platform, Lition customers are able to save about 20% on their monthly energy bill, while producers generate up to 30% higher profits since they are cutting out the middle men. + +**However, the real moonshot here is not their already successful smart energy platform (which utilises the same token) it is the enterprise layer 2 solution described in the quote above.** + +Their layer 2 enterprise infrastructure which is still in development will offer infinite scalability through sidechains and nodes staking LIT tokens on these sidechains. Block times will be fast at around 3 seconds and fees will be tiny fractions of a cent. However, the real selling point for enterprises will be that the data on these sidechains can be deleted and can be public or private, with private chains being validated via Zero-Knowledge proofs to verify that the private data is correct. This is huge and makes Lition a solution for a wide range of enterprise use cases due to these optional features. But it doesn’t stop there. Lition is also GDPR compliant - a big deal for Europe based enterprises and for the record, very very few blockchain solutions are GDPR compliant (I believe VeChain is one of the few other projects which are). + +# Important Bullet Points + +* They have a very close partnership with SAP who if you don’t know are the world’s leading business software company. SAP’s Chief Innovation Officer is even an advisor for the project. As stated in the whitepaper: *”SAP can easily implement this blockchain into their existing products and services for their customer base of >400,000, making them immediately ready for blockchain use cases. It is therefore well positioned to become the standard mainnet for business applications.”* +* They have a very active GitHub (well, GitLab to be specific) on their layer 2 enterprise repo with activity in the last couple of days. [https://gitlab.com/groups/lition/-/activity](https://gitlab.com/groups/lition/-/activity) +* They have a partnership with Microsoft and they are integrated with Microsoft Azure Cloud. +* In terms of their energy platform, Lition has a growth target of 235,000 customers by the end of 2022. 3 months ago they stated that they were ahead of their goal. Right now there is a *”solid 4-figured number of new customers every month with each new customer bringing in \~€1,000 Euros in annual recurring revenue”.* +* They have a large, highly qualified and experienced team. [https://www.lition.io/about.php](https://www.lition.io/about.php) +* LIT is Tradable on Uniswap +* ***Oh, and did I mention they support staking?*** Staking returns are currently over 15% for node operators. + +# Tokenomics + +Their token has two primary uses. First, it is a utility token and they plan on making the LIT token the preferred payment method for all of the services on the Lition protocol. Secondly, it is used as collateral for staking which I can see locking up a large proportion of the supply in the future. + +Unfortunately the circulating supply is currently 50% of the max supply but that said, coins like LINK have just 35% of the total tokens currently circulating, so relative to other projects, this isn’t too bad and many of the tokens are still to be earned by staking. + +# Conclusion + +With their existing energy platform seeing real adoption and steady growth in Germany, in my opinion, this alone would be enough to justify their current market cap. However, I can see their second layer solution for enterprise being a really big deal in the future as protocol coins tend to accrue more value than utility tokens. As a versatile L2 solution for Ethereum, LIT gets the best of both worlds - adoption and network effects from Ethereum by helping it to scale as well as accruing value from the wide range of enterprise use cases which can be built on top of Lition. At just $8 million dollars in market cap, it seems to me that their work-in-progress L2 enterprise solution has not been priced in. However, due to a lack of hype and marketing right now, I don’t see LIT exploding in the short term. Rather, I can see it slowly outperforming ETH and climbing up the CMC rankings throughout this bullrun, much like Chainlink did in the bear market. Their building and partnerships over marketing strategy also reminds me when I held Chainlink back in 2018 when Sergey was busy building out the project rather than blowing their ICO money on marketing a bunch of vaporware like so many other projects. + +Personally, I can see LIT becoming a top 100 project (not top 10) as it isn’t the first of an important new type of project like Chainlink was/is but it is an L2 protocol with unique advantages and selling points over other existing L2 projects which scatter the top 20-200 range. This would put the market cap at just under $120 million dollars which is a 15x from here. This is of course a valuation which assumes that the total crypto market cap remains where it is right now at just under $400 billion dollars. However, if BTC makes it to 100K and Ethereum gets to $5K then that is another 10x from here which compounds on any LIT/BTC or LIT/ETH ratio gains. In this scenario, a top 100 project would be worth around *$1* *BILLION DOLLARS* by market cap which is over 100x from here and probably even more if ETH hits 10K and Bitcoin dominance falls back down to the 30% range or below towards the end of the bullrun. ***Disclaimer, the above figures are a theoretical best case scenario and are far from financial advice. They are my moonshot estimates which assumes all goes well for the project and the wider crypto space.*** + +Website: [https://www.lition.io/](https://www.lition.io/) + +CoinGecko: [https://www.coingecko.com/en/coins/lition](https://www.coingecko.com/en/coins/lition) + +Medium: [https://medium.com/lition-blog](https://medium.com/lition-blog) + +# TL;DR + +***TL;DR: LIT has current real world use which is consistently growing with their P2P energy trading platform and has huge potential with their new L2 protocol for enterprise due to its unique features. They have a close partnership with SAP and are also partnered with Microsoft. Currently around #400 on CMC, my target is for LIT to be top 100 by the end of the bullrun.*** + +Edit: [Sorry 4chan,](https://imgur.com/gallery/tIDc4GV) I didn't mean to shill one of your FUDed coins. Lit is a shitcoin scam, ignore this post. +This is my email to them: + +> Network fees have grown substantially in the past few months with increased adoption and usage. Coinbase was quick to support a hardfork to update every node on the network within a matter of just a couple of weeks. + +> Now, months later, Coinbase is still not allowing users to use SegWit, which will lower fees and increase the network capacity substantially. As I am sure your priority is to help your customers and give them the best and lowest cost experience (If I am to believe the years of bickering over a hard fork) you are doing everything in your power to get it implemented right away. Libbitcoin has recently updated to include SegWit in their tool set, making it easier than ever to implement this capacity increase on your platform. Please, if you actually care about Bitcoin's success and usability, if you care about your customers and staying at the top of the bitcoin exchange industry, implement SegWit so we can get greater capacity and lower fees for use of Bitcoin as global sound money, and prepare for the many other upgrades and advantages that come with this improvement. + +> I implore you. Read your CEO's own arguments regarding how important increased capacity and lower fees are, and implement SegWit. + +I truly wanted to believe that this wasn't on purpose. I have been a Coinbase apologist for a long time, as they have always been a great service in my experience. But at this point, and after months of their statements and feet dragging, It makes *absolutely zero sense* why they haven't done the very thing that would double the network capacity as the largest platform for buying and selling Bitcoin. + +Not only do I think they have no interest in doing so. I think they are deliberately avoiding it to support their investment and change of focus toward ETH and other alts. Then using their large market share to prevent Bitcoin from gaining the capacity that they screamed for so long was *a network killing requirement.* + +This is gross negligence and just outright being a stubborn ass at this point. There is no testing being done, there is no work being done. He dodges questions, every Twitter post is followed by a list of 100+ replies asking about SegWit, then he absurdly claims no one is asking for it. + +I have recently discovered how easy it is to use Localbitcoins to buy and sell bitcoins. I was always supportive of, but never needed the platform, as Coinbase was always a trusted and reliable option for me. Now, I will be doing everything I can to remove my reliance on an obviously adversarial company and CEO. This goes beyond negligence at this point. It is clearly deliberate and based on an astounding level of belligerence. + +• Coinbase does not contribute *anything* to development. + +• Coinbase complains and argues about development, high fees, and low capacity constantly. + +• Coinbase has promoted and pushed alternatives. Perfectly acceptable *IF* they are not simultaneously and deliberately preventing upgrades to Bitcoin... which they clearly are. + +• Coinbase has deliberately ignored the tens of thousands of requests to implement SegWit and done so in an insultingly dismissive way. + +• Coinbase has gone from a great platform and introduction into the cryptocurrency ecosystem, to being the *biggest obstacle* to Bitcoin's growth and success. + +I will never recommend Coinbase again. And of the 40-50 people I have directed toward them over my 6 year involvement in the Bitcoin space, I will be encouraging them to leave their platform and directing to the next best alternatives. (Square cant get here fast enough) Any suggestions on other services to try in the US would be greatly appreciated. I intend to try them all so I have the best place to direct the people that come to me on a regular basis, asking about Bitcoin and crypto. + +I encourage everyone to do the same. +I currently have SPHD but want something similar that pays out in the middle of the month to increase frequency (kind of like how we get paid twice a month at work). + +The closest thing I could find is SPHY but its composed of junk grade bonds and I wouldn't feel comfortable buying into that. +I see a lot of people on this sub always advising growth stocks for the younger crowd because of capital appreciation and when you run the numbers on portfolio analyzer you end up with more money at the end of lets say 30+ years etc..., yes this is all true and 100% accurate in most cases. But I would push back on this notion that it is the best path forward. + +&#x200B; + +Life isn't only how much you end up with in retirement, or total return, its WAYYY more complicated. I would argue that having 1-2k a month in dividends coming in, in your 30s provides insane levels of flexibility for your life that allows you to take greater risks financially/career wise, and IE make more money. You can use the dividend money to take financial risks in your career that you may not necessarily be able to. My total passive income right now is about 1k, and i'm 29 years old. This money is paying for a coding school , which is going to 2-3x my income in the next year or so. Also it gives me the peace of mind that if I ever lose my job I have some money coming in, and i'm not under the gun to find a job immediately . + +Never the less if your going to blow the dividends on dinner and vacations well than i'd say stay the growth path haha. But if your going to use the money and invest in yourself or drip it then its worth having that flexibility/freedom. + +&#x200B; + +Please bash my ideas but I guess me personally I view the balance sheet as one aspect of life. I would way rather have the security of having the money coming in and the option to use it rather than just growth stocks. +In **August 2021 it would cover 11.62%**, which seems to be slow progress. But my expenses were 3 times higher last month and dividends were 63.6% higher! 2022 is still a year with high living expenses, as I am renovating the flat I bought in 2021 and organizing a wedding. I hope to get back to ⅓ of my current living costs in 2023. But on the other hand, I wanna start a family and there are quite a few kids I have in mind :D Dividends are doing good, but [I sold my biggest contributor XOM in August](https://www.reddit.com/r/dividends/comments/wy3cce/just_sold_xom_today/). I wanna do more shuffling in the portfolio, and move from subpar brokers (DEGIRO) to the main broker (InteractiveBrokers). I also wanna sell marginal stock and focus on fewer companies. Here are some of the dividends, though I have 75 stocks in my dividend growth portfolio. + +[dividend calendar of dividend portfolio](https://preview.redd.it/ic13be6v77l91.png?width=2280&format=png&auto=webp&s=3621f605b70df9fa2f5e741ab55a96db72f25546) + +Not that it’s too important, but I am also keeping track of the comparison of my portfolio to SP500. I wanna keep track of how much better I would be doing with blindly investing in SP500. With time spent on picking stocks and following the stock market, it would be a major time saver, but I like the time spend and I feel I am still learning :) Currently, my portfolio is double the dividends and neck-to-neck in market value. + +[dividend portfolio vs SP500](https://preview.redd.it/dd8n69bx77l91.png?width=2236&format=png&auto=webp&s=12e915ad3db04fd9070ad03a16bb71f7254624aa) + +Posting this as Personal goal flair, so my portfolio value is currently $62,712.48 and here is my [full dividend portfolio](https://www.digrin.com/portfolio/24-dividend-growth-investing/). + +**What is the percentage of living costs that would be covered by dividends in August 2022 for you?** +While reading this subreddit I’ve noticed many people have various brokerage accounts. Some have one account for dividend stocks and others for growth stocks etc. What is the reason for this? + +Wouldn’t it be more convenient to keep all investments in one brokerage account? Or at least multiple brokerage accounts under one brokerage firm. +Lately, I have been thinking on investing in ETF's and REIT's and Reality Income stood out to me. Is it a good option and is now the time to buy it or should I wait? +I’m looking at Ford, as they are reinstating their dividend and have big ties w gov contracts, and the latest I’ve read about their EV. Seems they are doing better than Tesla. Thoughts? +If you had to pick only 5 stocks to trade for the rest of your life based in what you know now, what would they be? +Meaning you can only buy and sell those only. + +No Index funds, no ETFs, no mutual funds. Single stocks only. + +Mine are: + +MSFT- My favorite tech stock by far. In the long term always seems to keep up with the pace of new tech and has solid workforce and at least since they dropped Balmer, management is on point. (Edited for spelling) + +AMZN- Absolute monster. Hard to not want it in my line up. They will continue to grow and buy up/absorb new tech and not afraid to buy up the little guy to increase their market share. + +AMD- I like them for the fact that their tech has been setting the bar as of late. While Intel or Nvidia might be bigger and have more market share, i think AMD has more potential over a long term. + +HD- I like the grasp on the non tech market they have. They do well during economic growth. They sustain during economic lulls. And even though I'm a Lowes guy, they are the workhorse in household consumer goods and building materials. + +BA- Chose this over an airline because it moves with the same news, but is tied in closely with US Military spending and will sustain over times of peace and war. + +Note: Honestly i invest 70ish% in funds. And only about 25% of my portfolio is in blue chips. But thought it'd be fun to see what people choose and they're reasoning. +As of now, memes are only allowed on the weekend. However, now the weekend is just 48 hours straight of Moon farmers re-posting the same memes over and over again. + +28% of the time this sub is completely useless if you want to share high quality content or have a real discussion. I actually miss discussing crypto on the weekends. + +If we only allowed memes on Sunday that would be a healthy 14% of the time. +As of now, memes are only allowed on the weekend. However, now the weekend is just 48 hours straight of Moon farmers re-posting the same memes over and over again. + +28% of the time this sub is completely useless if you want to share high quality content or have a real discussion. I actually miss discussing crypto on the weekends. + +If we only allowed memes on Sunday that would be a healthy 14% of the time. + +Because you are *challenged* in the best possible way and you warmed my heart today. + +✅"When you got some extra money where it's almost like burning a hole in your pocket, you get fifty grand worth of [options]," says Adams. "You're like, 'f*** it,' I'll buy a thousand shares of this." + +✅ He's lost $400,000 since his portfolio peaked last September, according to screenshots provided to CNN, but remains confident that the market will move back in his favor. “You get a little numb to it," says Adams. + +✅ When asked if they have ever met professional traders, the pair reject the idea that they themselves aren't professionals. "That's what I do for income," says Adams. "So it is a profession at this point." + + + +https://www.cnn.com/2022/02/01/investing/gamestop-meme-stock-anniversary/index.html +With the insight that 100,000,000 has been generated in lending revenue in the last three months only, we have been given another piece to the puzzle. +The information contained in the news unveil the amount of shares lent out. + +Let’s do some napkin maths. + +The revenue r generated by lending an amount of shares s depends on the borrow rate b and the share price p. +Let’s assume some averages and refine the maths later in case we are onto something. +So the average price between July and September (3 months) should be around 35. say the average borrow rate was 10%. The generated revenue was 100 million USD. +Use a 2.5% interest rate to approximate three months. + +r = s b p +r / (b p) = s +100000000 / (0.025 * 35) = s +This yields approximately 114 Million shares lent out. So about 37.5 % of all shares outstanding. +Considering naked shorting and the cellar boxing scheme, this is only the visible tip of the iceberg. + +Im gonna head out and DRS some more. + +Edit: Formula formatting + +Edit 2: Follow up thoughts: + +Currently, considering the DRS‘d shares from retail, insiders and stagnant insiders, 46% of the stonk is locked up. Consider another 37.5% lent out and (at least) short. +This leaves only 16.5% of the remaining shares to be DRS‘d until the 🩳 will have to fight among themselves for the emergency exit. +Furthermore, we are approaching a majority stake of 50% in retail hands. This will render controlling interest to retail, with the power to quickly and securely approve or deny any proposal issued by the company. What a time to be alive. +This has been warned of before on Reddit, but I have specifics now. Teachers, please avoid AXA, The Legend Group, Lincoln Financial, Voya, Valic or any other company with a high expense ratio. If you'd like an important read: [https://nyti.ms/3viOcw7](https://nyti.ms/3viOcw7). + +Just got off the phone with AXA (Equitable). I have $13,700 in my AXA account. If I were to roll this money to my Vanguard account, there is a $561 Surrender Fee and a $9 (prorated) Transfer Fee. To avoid a Surrender Fee, I need to wait 6 years AFTER my last contribution. + +Furthermore, smart Redditors previously suggested that clients of these predatory investment companies can pull 10% out of the account every year. I asked the rollover agent about this, she said every time the 10% is rolled over to my Vanguard account, there will be a $65 Transfer Fee. + +I asked her how much longer I have to wait for the account to waive a Surrender Fee. I started the account January 2019, so I assumed she would say January 2025. I was wrong. It has to be 6 years AFTER your last contribution which I made March 2021. So the surrender fee will not be waived until March 2027. + +TL; DR - Read the NYT article. Use Vanguard, TIAA or a company you actually research and fits your needs. + +Question to my **Master Finance Redditors**: Am I making the right choice here to wait until March 2027? Or should I be spiteful and swallow these fees to leave AXA now? Thank you for dealing with investment noobz like myself. + +\*\*EDIT\*\* After reading comments: + +1. Lincoln Financial, Voya and Valic are not as bad as the NYT article describes - fees depend on who the third party is - please simply double check your contract or call +2. TIAA is not as great as I thought, I was wrong +3. Research "self directed brokerage" accounts (SDBA) +4. This is for **teachers with 403(b)s** only, not other professions or investment accounts +5. If your district does not offer Vanguard, pressure HR to add any company with low fees, for example - Redditors say Fidelity is great + +&#x200B; +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 have been buying quite aggressively since the start of the year until the present DCAying all the way till now. This includes some stocks I bought before they tumbled in price. Most stocks I have been buying primarily on my Roth IRA while I have been using Robinhood for those that I plan on using options (Wheels Strategy) to earn additional passive income. I have mostly been investing in companies with a long term horizon using primarily a free cash flow valuation but I have also been investing in undervalued companies suing financial ratios such as EV/EBIT, Magic Formula, low PEG stocks, and great balance sheet strength. + +My biggest holdings are: + +Alibaba (BABA) average price is about $130 making up about 10 - 12% of my overall portfolio. I having been buying lately but if it goes down sub $100 I might mostly likely start accumulating more. + +Meta (META) average price is about $200 and makes up about 7.50% of my overall portfolio. I have been actively buying this stock especially anything sub $200. + +Tencent (TCEHY) average cost is about $52.50 and makes up about 6.50% of my portfolio. I have been buying this stock. + +Stocks I have been buying recently: + +WBD (Biggest stock I am buying) - tremendous streaming and cable content. Spinoff and possible turnaround opportunity. + +FLWS (simple business selling various gifts, candy, and merchandise. Not much debt and growing revenues. Growth stock potential. + +STNE (Brazilian fin-tech facilitating digital transactions with socio-economic tailwinds favoring digitization of transactions. Has negative current earnings but has experienced explosive revenues and its earnings in the past has stabalized and gone in the green. I need to read more on this stock but Sven Carlin analyzed this stock this year. + +Stellantis (STLA) - the combination of Fiat and Chrysler. They are a cyclical play so expect lower price during a recession but they have a huge margin of safety. They are currently selling for $12.30 with cash per share at $17.66, book value at $20 and negative net debt. They have an EV/EBITDA of 0.97 and are offering an 8% dividend yield. + +Paramount (PARA) - Similar reasons as WBD but I am not buying as aggressively. I am mostly buying this stock in my Robinhood account to use the Wheels Options Strategy. PARAP (the preferred shares) are convertible. They are offering 14% yield. + +OESX (micro-cap industrial stock) with very low valuations, little to no debt, trading at 1x book value. They provide a lot of LED services to major clients and other lighting work. + +SWKS provides 5g capabilities by offering radio frequency devices to major players particularly Apple which allows for wireless communication. They seem to be in a good industry. + +Fl - Perhaps one of the best retail rebound stocks that pays a good 6% dividend. + +PayPAL - Decent valuations and a known company. Much cheaper than some of their more hyped up counterparts I.E Stripe, Affirm, et al. + +INTC - It's problems are already priced for a discount. + +MU - just starting to add a position. It is basically an oligopoly. + +ZIM - One of the biggest shipping companies in the world with strong tailwinds and industry consolidation. Morningstar estimates it might be about 35% undervalued and is offering a 25% dividend yield. + +VALE - A major Brazilian oil ore producer which is an industry that seems to be relatively undervalued with good dividends (BHP, Rio Tinto.) From a valuation perspective I would go with VALE which morningstar also believes it to be 30% undervalued and is offering a 15% dividend (special dividend I believe). + +SPG - One of the most undervalued REITS with a bit of turnaround potential. I have bought a lot during 2020 but started to accumulate more with the recent pullbacks sub $100. + +Some stocks I am eying on: + +X + +BIG + +FINV + +HEAR + +YUMC + +GOOGLE + +NTDOY + +Any other stock you are buying or eying on? +I will normally ask myself. Do I understand the business? How strong is the balance sheet? is the cash flow predictable? What is the leverage level? Insider buy? etc. would love to hear from you guys. +Let's say you are 50 years old, and for the last 30 years you have followed the principles of Graham, Buffett and Munger. You started with $100,000 inheritance that you invested in great businesses trading below their intrinsic value, and you continued to add to your positions over time from what's left of a modest salary. You've been very successful and outperformed the market, leaving you with a portfolio in the millions of $. + +Here's the thing: you have fully bought into the Buffett mantra that the ideal holding period for a business is forever, and you don't want to stop the compounding machine. How do you take advantage of your large net worth? +My friends and I built a stock research app called Bloom that I previously posted about on [r/ValueInvesting](https://www.reddit.com/r/ValueInvesting/). Our goal is that, when you’re looking to make a long-term stock trade, you can use Bloom to do the research, find the relevant info with less noise, and ultimately save time. + +We want to improve on mainstream apps like Yahoo Finance, by focusing specifically on users that are looking to make longer-term investments. This lets us deliver only the relevant info, without noise, ads, and clickbait. + +So outside of the basic functionality you would expect, like a watchlist, search, charts, and stats, here are some of Bloom’s unique features: + +* A “bottom line” rating that helps you see a company’s health at a glance based on profitability, growth, and price metrics. +* We aggregate the reasons why price changes are occurring and integrate that with stock charts. So, if if you were interested in Chevron, you would be able to see big jumps in early March and late January. In the same view, you would be able to see those were the result of OPEC production cuts and a poor Q4 report respectively. Viewing historical data requires a membership, but recent data is available for free. +* Collections for discovering buying opportunities. (Some of the collections require a membership to view, but most can be accessed by everyone.) +We recently added: + * Near the Bottom, stocks near their 52-week low + * Undervalued Growth, stocks undervalued despite recent growth + * Internal Faith, stocks with purchase activity among their insiders + +I’d love to hear people’s thoughts on what works and what doesn’t, so I can make the app better. Most of the app is free to use and doesn't require an account. If you want to check out the membership features, there's a free trial. + +[iOS link](https://apps.apple.com/us/app/bloom-stock-market-research/id1436348671#?platform=iphone) + +[Android link](https://play.google.com/store/apps/details?id=com.bloom.invest) + Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. Its flagship product is the proprietary DragonFly lights-out digital manufacturing (LDM) system, a precision system that produces professional multilayer circuit-boards, radio frequency antennas, sensors, conductive geometries, and molded connected devices for prototyping through custom additive manufacturing. The company also provides nanotechnology based conductive and dielectric inks; and DragonFly and Switch software to manage the design file and printing process. It markets and sells products and services to companies that develop products with electronic components, including companies in the defense, automotive, consumer electronics, semiconductor, aerospace, and medical industries, as well as research institutes. (description taken from Yahoo finance) + +This is a company that became a YouTube favorite last year together with Bionano genomics. Cathie Wood started buying into them and then they exploded and became super popular. Their price went from the low 1-2$ to over 15$. During this run some interesting things happened. They started doing stock offerings. When the price went up with 50% they did another offering. The price was dropping 20% and then rallying again and then another offering was coming. They did this again and again and again and at some point people just said the company is diluting too much and it’s going to be a flop. And although usually second offerings are bad in this case I think it was brilliant for the company. Their price went way over what it is supposed to be and they took the advantage to hoard cash. So much that now they have 1.47 billion in cash and their entire market cap is 1.58 billion. That means if you would buy all the shares at the current market price you could pocket the cash and have the company for 110 mil and that makes this company to seem really cheap and the risk of the price going down significantly is really low. Even if the entire manufacturing world would stop today you would basically get 93% of your investment back. Their price was away from fundamentals based on hype and the company took advantage of that which I think it’s a smart move. Now the CEO said they will not do any more dilution because they have enough cash for their planned mergers and acquisitions and also for R&D. + +Since they hoarded this cash they acquired two companies: one that is expert in printing micro components (super small mechanical parts) and a machine learning company that they plan to use to improve the quality of their prints and make their 3D printers into a network of printers. I think both of these will help them make more complex PCBAs that could have studs and mechanical clips 3D printed and will reduce the time for assembly. At their last investors call they also announced that they will launch a new 3D printer in the summer. Also they are developing next-gen machines for production (expected to come in 1-2 years). And on top of this they are planning to acquire companies, including PCB manufacturers in Europe and/or US. Quick note: The CEO mentioned a few times they will not acquire companies just to acquire, they will buy someone when the price is right and it helps them to develop vertically and improve their printing tech. + +Another way they are consuming the money is R&D and marketing. They need to be heard of to be able to sell and they also need to have high tech. From what I understood they are using silver ink for conductive parts which is conductive enough for anything and for dielectric what they are using now can make PCBs but not high tech ones. They mentioned they made some breakthrough in dielectric materials that they can use but it’s not published yet what it is. It seems at least 30% of R&D expense goes in the materials exploration. I personally love this because if they can position as leaders in this field and have the best tech their competitiveness will make them a behemoth in this field. + +The company makes money in two distinct way: selling 3D printers for PCBAs for companies or printing PCBAs for companies as a service. Last year, due to corona their sale of 3D printers went down and that’s understandable. For their 3D printing service I think they are having an issue due to the shortage of semiconductors. Right now if you want to make a board you can print it in China and depending on how fast you want it ready it will cost you more. But if you are ok with waiting 4 weeks for your boards then they become really cheap. Due to shortages in components a lot of companies are ok with waiting because it doesn’t make sense to pay a lot to have your board fast if you need to wait either way for components. The trick is if you want to have it 3D printed by Nano Dimension it’s relatively expensive because it’s fast. Until the semiconductor shortage get’s a bit under control I see NNDM suffering in this field. I had a discussion with their sales representative and got an idea on their prices, it’s a bit high comparatively to traditional PCBAs, while the dimension of the PCBAs they can print is relatively small. Also the CEO said they do not plan to be operating cashflow positive in the next 2 years. This is because they want to expand and cash is not a problem (to put it in perspective, they have 1.4 billion in cash and the 2 new companies costed less than 200mil, R&D costs for a quarter were 3.7 mil). It’s clear that the focus is growth and then switching to positive cashflow. + +At their last investor call the CEO of NNDM is mentioning that he wants to revolutionize the printing of PCBAs so that you print just what you need. This will be interesting if it’s possible but I personally doubt this will happen in the next 3-4 years because I’ve seen personally how efficient factories are now when it comes to PCBA manufacturing. What I think it will happen (take this with a chunk of salt) is that they will start printing prototypes for a lot of companies and at some point those companies will just acquire 3D printers for a more agile development in their R&D. Also the space industry will probably use them more and more (they already sent some 3D printed boards to the ISS). + +Below you can see their price evolution and all the drops on the way up represent a new stock offering. You can also see that they are increasing their revenue year by year (with the exception of 2020 which is a special year). And they reduced the bleeding in cash flow in the last years. That will look worse for the next years but now they have cash to work with. + +This is just for information purposes, it is not investment advice, I am not an investing professional. Do your own due diligence before investing in anything and remember: The market can remain irrational more than you can stay solvent. + +Have a good week! +I wanted to get the perspective of value investors on what major factors might cause or influence a recession in the US in the short-term. I wanted to have a discussion with investors because we are more pragmatic and open-minded, rely less on sophisticated theoretical models, and what might happen in the future matters to us. + +Rant aside, I came across a Bloomberg estimate the recession would hit the US sometime in Q3 2023 (quite precise estimate lol). I've read similar lines in other sources as well. I've also seen in historical charts that recession has generally hit the US economy right after interest rates sharply increased and peaked (which might happen sometime next year). + +What factors could cause or influence recession going forward: Could it be interest rate, which is running high and can lead to defaults? Could it be sustained inflation, which is high but is showing signs of abating (though it may be transitory, who knows)? What else could it be? + +What factors could cushion us from inflation? Could it be household savings, which are still close to all-time high and could sustain demand? What else? + +And how worse the recession might get? What leading factors indicated it? +About CRSR: + +Corsair Gaming manufactures a variety of gaming/streaming related goods. This includes tower cases, keyboards, headsets, audio equipment, and entirely pre-built PCs. Meaning, they are poised to profit off of growth in esports, streaming, and gaming on whole. + +&#x200B; + +Let's talk numbers: + +There is a compelling value play in CRSR. The current market cap is 2.93bn, and the current share price $32.15. The current trailing p/e ratio is sitting right around 30, roughly the average in technology today. However, this becomes far more enticing when considering future growth prospects. + +Analysts estimate 2021 revenue to be 1.9bn, and 2021 earnings to be 128m. Analysts estimate 2022 revenue to be 2.05bn, and 2022 earnings to be 157m. Estimates beyond 2022 signal a general uptrend in both revenues and income. + +&#x200B; + +A Few Important Ratios: + +Forward p/e: 22.8. + +2yr forward p/e: 18.66. + +PEG ratio: 1.4. + +&#x200B; + +Analysis: + +I believe all of these ratios are incredibly reasonable given the growth prospects for esports, streaming, and gaming. Specifically, streaming is seeing strong growth as more people (amateurs) are getting their own streaming equipment. Streaming is increasingly being adopted by players other than professionals/near professionals. + +Their forward p/e ratios give room for significant growth in share price. If future prospects remain strong, I expect a lot of growth from the stock. + +&#x200B; + +Conclusion: + +If Corsair continues to be the quality brand name in gaming equipment, I expect a lot of long-term growth in the stock, as currently, it's valued very conservatively given its growth prospects. +Warren Buffett’s Berkshire Hathaway Adds to Big Oil Bet + +Berkshire is a step closer to a threshold that would allow it to include Occidental Petroleum in its results + +&#x200B; + +By Akane Otani + +July 13, 2022 7:00 am ET + +&#x200B; + +Warren Buffett’s Berkshire Hathaway Inc. BRK.B -0.44%▼ is plowing more money into big oil. + +&#x200B; + +The billionaire investor’s company has been ramping up its position in Occidental Petroleum Corp. OXY -3.61%▼ since February and bought 12 million more shares over two days this month. + +&#x200B; + +The moves bring Berkshire’s total stake in Occidental to 18.7%. Berkshire, which is by far Occidental’s largest shareholder, is now one step closer to reaching a threshold that would allow it to include Occidental in its results—something that could give its earnings a boost. + +&#x200B; + +Generally accepted accounting principles recommend that investors include a proportionate share of a company’s earnings in their own results once they own at least 20% of the company’s common stock. With analysts expecting Occidental to report about $10 billion in earnings this year, Berkshire could increase its reported profit by about $2 billion if it winds up acquiring 20% of Occidental’s shares, according to David Kass, a finance professor at the University of Maryland’s Robert H. Smith School of Business. + +&#x200B; + +That would be a significant lift for Berkshire. At the moment, the company only includes Occidental’s dividend payments—less than $100 million annually—in its earnings, Mr. Kass said. Last year, Berkshire posted a record profit of about $90 billion. + +&#x200B; + +Berkshire currently applies the so-called equity method of accounting to Kraft Heinz Co., in which it has a 26.6% stake. + +&#x200B; + +Some analysts said it wouldn’t be surprising to see Berkshire continue to boost its investment in Occidental. + +&#x200B; + +It has the funds to do so: Berkshire’s cash pile stood at about $106 billion at the end of the first quarter. And Mr. Buffett has expressed admiration for Occidental Chief Executive Vicki Hollub, who has focused on reducing the company’s debt load, as well as returning capital to shareholders through buybacks and dividends. + +&#x200B; + +“What Vicki Hollub was saying made nothing but sense,” Mr. Buffett said at Berkshire’s annual shareholder meeting in April. Occidental looked like “a good place to put Berkshire’s money,” he added. + +&#x200B; + +Occidental has been a standout in the stock market this year, thanks in large part to the surge in oil prices after Russia invaded Ukraine. Its shares have soared 98% in 2022—making it by far the best performer in the S&P 500 this year. By comparison, the second best-performing stock in the index, Valero Energy Corp., has risen 40%, while the broad S&P 500 has shed 20%. + +&#x200B; + +Besides potentially trying to acquire enough of Occidental to include it in its results, Berkshire is doing “what most astute investors would do amid rising energy prices,” increasing its exposure to the energy sector, said Cathy Seifert, an analyst who covers Berkshire at CFRA Research. + +&#x200B; + +In addition to Occidental, Berkshire also has plowed money this year into Chevron Corp., which ranked as its fourth-biggest stockholding as of the end of April. + +&#x200B; + +Beyond simply buying more shares, Berkshire has another way it can swiftly boost its stake: exercising its warrants. Berkshire acquired warrants to buy an additional 83.9 million shares of Occidental at $59.62 apiece when it invested $10 billion in the company in 2019 to help fund its acquisition of Anadarko Petroleum. Although Occidental shares are trading below $59.62, they closed above the mark as recently as Friday. + +&#x200B; + +There’s a good chance that Berkshire might try to acquire the rest of Occidental if and when the company’s credit rating improves, Neal Dingmann, analyst at Truist Securities, wrote in a June research note. + +&#x200B; + +Berkshire typically owns only investment-grade companies, and Occidental’s credit rating is just below that level. But it will likely improve within the year, given how much it has been focusing on paying down debt and freeing up cash flow, Mr. Dingmann added. + +&#x200B; + +Occidental, which explores for and produces oil and natural gas, would also complement Berkshire’s existing energy businesses, Mr. Dingmann said. Berkshire Hathaway Energy Co. owns utilities, natural-gas companies, and solar and wind power businesses, but nothing focused on oil itself. + +&#x200B; + +Berkshire and Occidental didn’t immediately respond to requests for comment. + +&#x200B; + +Mr. Buffett has spoken favorably about the U.S. oil industry, telling shareholders at Berkshire’s annual meeting that it was beneficial for the country to be able to produce more of its own oil to lessen its need for imports. + +&#x200B; + +“We should be very happy that we can produce 11 million barrels a day, or something of the sort, in the United States, rather than being able to produce none and having to find 11 million barrels a day somewhere else in the world to take care of keeping the American industrial machine working,” he said. +Writing a blog post for our community of value investors because I believe that value investing is not dead and will never be. Have an opinion about it +I would like to hear our community of value investors chime in about it and tell me YOUR POINT OF YOU about why value investing is not dead. +Company Description +British American Tobacco is a London based Tobacco Giant. It is among the five biggest public tobacco players, like Philip Morris, and Imperial Brands. It has a market cap of \~£78bn, which makes it the second largest behind PM. + + +Industry Overview +The Tobacco Market is a mature industry with five companies controlling the complete market except for China, where a state-run company is producing cigarettes. There is little threat of new competition coming into the market, since entry barriers are big and grabbing new market share seems almost impossible for new businesses. +The biggest share in revenue is generated by cigarettes with about 88% in 2021. But with a more health concerned public resulting in less smokers every year (loss of about 0,3% every year) the industry seems to shift into new ventures with risk reduced products. The prospect, counteracting the decline in cigarette sales by investing in new high-growth markets, like e-cigarettes or others. + + +Business Overview +British American Tobacco has a simple business model. Manufacture cigarettes and other tobacco products, sell them under different brands from your big portfolio and see the cash rolling in. Producing tobacco products is extremely profitable, the price for tobacco is relatively cheap and is projected to decrease further in coming years. This allows BAT to have gross-margins of up to 82% percent, rivaling SAAS businesses with these margins. Selling addictive products has some nice perks, especially almost no price sensitivity in consumers, which allows BAT to continuously raise prices of their cigarettes, counteracting the decline in cigarette volume. They aim to reach 5% price increase every year to slowly grow their revenue in the lower single digits. +Combustible Tobacco +Their cigarette portfolio features some brands like Camel, Dunhill, Pall Mall, Kent, Lucky Strike, Rothman's, Newport and Natural American Spirit. +Their combustible Tobacco business is the main driver behind BAT’s earning power and provides cash to further invest into their next generation products and payout a solid dividend. Their payout ratio is about 65%, so no debt is needed to keep a clean dividend history. BAT has an operating cashflow-margin of 37% (37 pence per GBP earned) + + +New Categories +New categories (NC) is British American Tobaccos risk-reduced business venture, with its three subgroups: vapour, tobacco heating products (THP) and modern oral. New categories Products is BAT’s fastest growing part, with a CAGR of 53% in the last 5 Years. Last year they grew their revenue by 42% to reach £2,054 million. This growth is supported by the mayor trend of people becoming more health concerned. Nicotine users switch from regular cigarettes to “healthier” alternatives provided by BAT. +Vuse, their vape brand, is the leading player in this industry and claims a 33.5% market share. It achieved a 51% growth rate in revenue this year. High growth is also achieved in their other two brands glo growing \~34%(THP) and velo growing \~38%(oral). Their strong portfolio and further investments into the new Categories will allow BAT to continuously grow their overall revenue and stay relevant in a world, where smoking is on a downwards trend. +The main concern with NGP is that they aren’t yet fully profitable and need to be financed with cash generated by their combustible business. BAT aims to get their NC profitable by 2025 with a goal revenue of £5bn. + + +Thesis +I have reason to believe that BAT is undervalued at its current share price of about $40 or £30. Their intact combustible cashflow machine, which against popular belief, doesn’t seem to die out just yet, and fast growing NGP portfolio make me believe that BAT will create decent TSR in the coming years. +Especially in a high inflationary environment, where people look for solid earnings and safe dividends, BAT might just be the right pick. +Even if the market doesn’t recognize the undervaluation, you still have a solid dividend yield of 7.10%, which is safe and secured by a solid operating cashflow and EPS. + + +Valuation + + +I split the revenue forecast into three different segments, their new categories with high growth potential, traditional oral with low to no growth at all, and total combustibles with a low single digit growth rate, mainly generated by price hikes into the future and not volume growth. +This results in a growth rate in total revenue by about 5% over the next years. This is in line with their own guidance goal for the next year. +Cigarettes will remain a solid revenue source in my model, still accounting for \~70% of BAT’s total revenue. But with strong growth I believe new categories will reach about 20% of total revenue in the future. + + +Margins +BAT’s Margins are very solid and with their Quantum saving protocol, I have reasons to believe, that they might even improve on these margins into the future. A big uncertainty is whether the new categorie products will generate similar margins as their tobacco business. To counteract these uncertainties, I implement a triangular margin distribution for my monte-carlo analysis with margins getting as low as 30% or up to 45%. + + +Reinvestments +I estimate BATs reinvestment needs by using their historical data and computing reasonable averages. +Their capex slowly decreased over the years and is at an all-time low compared to their revenue, amounting to only 2% of revenue. For my model I estimate this value to be closer to 2.5% into the future to not underestimate their reinvestments needs. +D&A needs are computed by being 50% of their capex into the future, which is in line with their recent annual reports. +Net Working Capital has been negative, in the last 4 years to normalize this, I compare this value to an industry average and use a reasonable assumption of 5% of total revenue. + + +Valuation Result: +Discount Rate 10% results in a value per share of £40.33 (Upside 31%) +For my monte carlo analysis the median value is £39.45. (Upside 29%) +100% Percentile is £55.63 (Upside 81%) +0% Percentile is £24.05 (Downside 22%) + + +Risks +BAT has a significant debt burden with a Debt/Equity ratio of 0.7, which could be problematic if their earning-power slows down. But they have a goal to deleverage every year and have been doing this quite successfully. +Regulatory Crackdown in western countries can happen anytime and tobacco products could be banned or strongly regulated. +How sustainable is the goal of increasing prices by 5% every year? BAT could run into a price elasticity wall, where further price hikes will be joined by large volume losses. + + +Catalysts +Strong NGP growth and profitability on the horizon +High Inflation environment where people prefer solid earnings and dividends +Rotation from overvalued Stocks into reasonable priced stocks like BAT + + +#### + Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. Its flagship product is the proprietary DragonFly lights-out digital manufacturing (LDM) system, a precision system that produces professional multilayer circuit-boards, radio frequency antennas, sensors, conductive geometries, and molded connected devices for prototyping through custom additive manufacturing. The company also provides nanotechnology based conductive and dielectric inks; and DragonFly and Switch software to manage the design file and printing process. It markets and sells products and services to companies that develop products with electronic components, including companies in the defense, automotive, consumer electronics, semiconductor, aerospace, and medical industries, as well as research institutes. (description taken from Yahoo finance) + +This is a company that became a YouTube favorite last year together with Bionano genomics. Cathie Wood started buying into them and then they exploded and became super popular. Their price went from the low 1-2$ to over 15$. During this run some interesting things happened. They started doing stock offerings. When the price went up with 50% they did another offering. The price was dropping 20% and then rallying again and then another offering was coming. They did this again and again and again and at some point people just said the company is diluting too much and it’s going to be a flop. And although usually second offerings are bad in this case I think it was brilliant for the company. Their price went way over what it is supposed to be and they took the advantage to hoard cash. So much that now they have 1.47 billion in cash and their entire market cap is 1.58 billion. That means if you would buy all the shares at the current market price you could pocket the cash and have the company for 110 mil and that makes this company to seem really cheap and the risk of the price going down significantly is really low. Even if the entire manufacturing world would stop today you would basically get 93% of your investment back. Their price was away from fundamentals based on hype and the company took advantage of that which I think it’s a smart move. Now the CEO said they will not do any more dilution because they have enough cash for their planned mergers and acquisitions and also for R&D. + +Since they hoarded this cash they acquired two companies: one that is expert in printing micro components (super small mechanical parts) and a machine learning company that they plan to use to improve the quality of their prints and make their 3D printers into a network of printers. I think both of these will help them make more complex PCBAs that could have studs and mechanical clips 3D printed and will reduce the time for assembly. At their last investors call they also announced that they will launch a new 3D printer in the summer. Also they are developing next-gen machines for production (expected to come in 1-2 years). And on top of this they are planning to acquire companies, including PCB manufacturers in Europe and/or US. Quick note: The CEO mentioned a few times they will not acquire companies just to acquire, they will buy someone when the price is right and it helps them to develop vertically and improve their printing tech. + +Another way they are consuming the money is R&D and marketing. They need to be heard of to be able to sell and they also need to have high tech. From what I understood they are using silver ink for conductive parts which is conductive enough for anything and for dielectric what they are using now can make PCBs but not high tech ones. They mentioned they made some breakthrough in dielectric materials that they can use but it’s not published yet what it is. It seems at least 30% of R&D expense goes in the materials exploration. I personally love this because if they can position as leaders in this field and have the best tech their competitiveness will make them a behemoth in this field. + +The company makes money in two distinct way: selling 3D printers for PCBAs for companies or printing PCBAs for companies as a service. Last year, due to corona their sale of 3D printers went down and that’s understandable. For their 3D printing service I think they are having an issue due to the shortage of semiconductors. Right now if you want to make a board you can print it in China and depending on how fast you want it ready it will cost you more. But if you are ok with waiting 4 weeks for your boards then they become really cheap. Due to shortages in components a lot of companies are ok with waiting because it doesn’t make sense to pay a lot to have your board fast if you need to wait either way for components. The trick is if you want to have it 3D printed by Nano Dimension it’s relatively expensive because it’s fast. Until the semiconductor shortage get’s a bit under control I see NNDM suffering in this field. I had a discussion with their sales representative and got an idea on their prices, it’s a bit high comparatively to traditional PCBAs, while the dimension of the PCBAs they can print is relatively small. Also the CEO said they do not plan to be operating cashflow positive in the next 2 years. This is because they want to expand and cash is not a problem (to put it in perspective, they have 1.4 billion in cash and the 2 new companies costed less than 200mil, R&D costs for a quarter were 3.7 mil). It’s clear that the focus is growth and then switching to positive cashflow. + +At their last investor call the CEO of NNDM is mentioning that he wants to revolutionize the printing of PCBAs so that you print just what you need. This will be interesting if it’s possible but I personally doubt this will happen in the next 3-4 years because I’ve seen personally how efficient factories are now when it comes to PCBA manufacturing. What I think it will happen (take this with a chunk of salt) is that they will start printing prototypes for a lot of companies and at some point those companies will just acquire 3D printers for a more agile development in their R&D. Also the space industry will probably use them more and more (they already sent some 3D printed boards to the ISS). + +Below you can see their price evolution and all the drops on the way up represent a new stock offering. You can also see that they are increasing their revenue year by year (with the exception of 2020 which is a special year). And they reduced the bleeding in cash flow in the last years. That will look worse for the next years but now they have cash to work with. + +This is just for information purposes, it is not investment advice, I am not an investing professional. Do your own due diligence before investing in anything and remember: The market can remain irrational more than you can stay solvent. + +Have a good week! +I’m not at all implying this is going to happen but I’m old enough to remember high rates. In a what if scenario such as a slow but steady increase over say a 3 year period and from a base of almost zero percent rates, where could a value, 10 year term, investor keep his money and come out ahead? +Hello, + +I cannot understand why Buffett bought Chevron. + +I see EQNR, SU, XOM or CNQ producing better numbers with similar incentive plans for management. + +Why Chevron? +Could you mention the best funds (including hedge funds) that employ the value investing methodology? I know Himalaya Capital Management, led by Warren Buffet disciple Li Lu; Baupost Group of Seth Klarman and QQQ Capital Fund that this year had profitability records, but little else. + +&#x200B; + +I would also like to know your opinions about whether Investing in Value continues to be the best and most profitable way to invest, since I have read that even Warren Buffet has talked about the difficulties he has in finding stocks in which to put money, although I understand This may also be due to the magnitudes of its liquidity and the irrationally upward trend of the market. +Pros: + +-PE of 17, forecasted earnings growth of 14-15% +- Very high ROIC, consistently around 20-30% since 2015 +- Long runway for international growth, doubled their international sales last year, making up 10% of gross sales now +- Solid balance sheet, $312 million in cash with little debt +- Growing Net margin, as DTC channel has doubled as percent of sales since 2018. From 30% in 2018 to 57% as of 2021 +- Could argue for a MOAT, known for high quality products (entire subreddit dedicated for the love of their product lol) +- On the verge of diversifying revenue streams, 39% of sales include coolers and equipment, 59% of sales are drinkware, and expanding into other products + +Cons: + +- gross margin hit by higher freight costs as of late, a big reason why the stock has fallen from highs but likely to be higher long term +- High competition in the industry, including big names such as Hydroflask, Coleman, etc. +- Yeti products are known for quality products, but at higher prices, competition could take advantage of this +- Although small, employee stock purchase plans have increased shares by a couple percent per year +- Failure to create new products that are successful could lead to stagnation, as Yeti products don’t need to be replaced often +- You could argue Yeti products saw massive growth due to pent up covid demand, although growth forecast is still high for the company + +Using their net income last year of $213 million, a conservative earnings growth rate of 10%, a discount rate of 10%, and a last FCF multiple of 16, i come up with an intrinsic value of around $65 a share, giving it about a 35% margin of safety to today’s stock price. If my estimates are more in line with analyst expectations of 15%, the intrinsic value comes out to $93. + +Any thoughts on this company? Although a questionable MOAT, it seems consumers are satisfied with Yeti products. I’d love to see some opinions. +I can’t share the picture from the book here, but let me summarize. Since 1973 whenever oil increase more than 80% in a year, the stocks lost 30% in the next 18-months. While when the oil gradually increased (so people could adapt), or decreased the stock market soared. Printer goes brrr, pushes inflation by increased money supply, but oil also pushes inflation by itself, now we can have both. +Excess Money printing according to Friedman hits the fan in 2 years delay. + +I am just saying… watch the oil. +Dotcom crash caused people to flee into cheap loans with low rates, energy prices soared at the end of the decade, stock crash -> home prices replacement which soared. 2007 q1 fed started raising rates, crashed home prices, 5% default 1:20 leverage banks got insolvent. +Today wall street is buying up real estate. + +Watch the oil. History does not repeat itself, but people do, and it ryhms. +This god awful fucking boss baby ass logo needs to go ASAP. I hate it so much. Fuck that stupid logo. If hating that logo was a stock I would buy all of it. I miss the jazzy cool cat with hair we used to have. He represented our ideals. This little Caillou piece of shit we have now must burn in Hell. + +That is all thanks. +This might be a little controversial but I feel there are definitely some things you should once you stop living paycheck to paycheck, but before you start paying down debt and before you prioritize your emergency fund. Your exact configuration of how much to save and pay when with how much is super personal, but there are some things you should definitely keep in mind when figuring it out. There are also poverty habits you should break, for your financial as well as overall well being. + +I can only think of a few things, but to get started: + +* If you have a car, and have to have it, start filling the thank. Don't run it until your gas light comes on and then add $5 to get you to work. You're slowing destroying your car that way. Also, get it serviced and change the tires if necessary. A major repair or blow out could completely ruin all the work you've put in, plus it's potentially dangerous. + +* Go to the dentist. An exam, cleaning, and possibly prescription mouthwash/toothpaste is a couple hundred dollars. You'll also find out what you need to get fixed in the future so you can save accordingly. Emergency dental care cost you thousands of dollars. A dentist can do a lot in one visit to help prevent that. + +* Winterize/summerize your house or apartment. Affordable housing and cheap housing is infamous for being in bad shape, and it's going to cost you money. It's fairly cheap to shore up your doors and windows, if a bit time consuming, and the savings can be substantial. How extensive you go is up to you and your budget. Having a cool home in the sweltering heat and a warm one when its below zero is practically priceless, and very beneficial your health, but financially you're likely to get far more out than you put in. +Guten Tag to this global band of Apes! 👋🦍 + +As we transition back toward lower volume and less daily excitement, it is certainly *not* because there is nothing to be excited about. GameStop is stronger than ever, and some very important moments lay just ahead of us. I cannot figure out what the Institutional Shorts think they are doing when they attack the price anymore. Is it just habit? Are they out of new ideas? Are they really *that* desperate? + +Whatever it is, it isn't working - there are more Apes than ever, we continue to DRS at a breakneck pace, and we already have a lock on the votes that will seal their fate. If they didn't own the shares last Friday, they don't get to vote them - and I believe that RC and Matt Furlong timed this move in a way that ensures that Apes had enough combined votes to ensure passage of the motion. GameStop will be able to increase the number of issued shares up to 1 billion shares, use a significant portion of that headroom to issue a stock dividend, and the SHFs will be unable to cover their obligation to those who they owe shares to. + +Our Diamantenhände will reap the rewards when that day comes. + +Today is Wednesday, April 13th, 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: **$145.62 / 134,08 €** *(volume: 561)* +- 🟥 115 minutes in: $145.60 / 134,06 € *(volume: 509)* +- 🟩 110 minutes in: $145.70 / 134,15 € *(volume: 417)* +- 🟥 105 minutes in: $145.64 / 134,09 € *(volume: 397)* +- 🟥 100 minutes in: $145.73 / 134,18 € *(volume: 396)* +- 🟩 95 minutes in: $145.75 / 134,19 € *(volume: 396)* +- 🟥 90 minutes in: $145.70 / 134,15 € *(volume: 369)* +- 🟩 85 minutes in: $145.71 / 134,15 € *(volume: 351)* +- 🟥 80 minutes in: $145.67 / 134,12 € *(volume: 335)* +- 🟩 75 minutes in: $145.79 / 134,23 € *(volume: 324)* +- 🟥 70 minutes in: $145.73 / 134,18 € *(volume: 321)* +- 🟥 65 minutes in: $145.80 / 134,25 € *(volume: 320)* +- 🟥 60 minutes in: $145.81 / 134,25 € *(volume: 307)* +- 🟩 55 minutes in: $145.85 / 134,29 € *(volume: 275)* +- 🟥 50 minutes in: $145.75 / 134,19 € *(volume: 268)* +- 🟥 45 minutes in: $145.77 / 134,21 € *(volume: 238)* +- 🟥 40 minutes in: $145.78 / 134,22 € *(volume: 193)* +- 🟥 35 minutes in: $145.80 / 134,24 € *(volume: 190)* +- 🟩 30 minutes in: $145.88 / 134,32 € *(volume: 189)* +- 🟥 25 minutes in: $145.80 / 134,25 € *(volume: 179)* +- 🟩 20 minutes in: $145.83 / 134,27 € *(volume: 169)* +- 🟩 15 minutes in: $145.80 / 134,25 € *(volume: 169)* +- 🟥 10 minutes in: $145.77 / 134,21 € *(volume: 115)* +- 🟥 5 minutes in: $145.84 / 134,28 € *(volume: 108)* +- 🟩 0 minutes in: $145.90 / 134,33 € *(volume: 89)* +- 🟥 US close price: $144.87 / 133,39 € *($144.50 / 133,04 € 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 1.0861. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +The Crypto fear and greed index is now at 21 points signaling "Extreme Fear." Every time the market entered "Extreme Fear" in the past, it had turned out to be an excellent buying opportunity to buy at lower prices. + +I think this time is no different as Crypto is perhaps one of the only assets that people buy less when it is on sale. Every time the market dips, people panic and miss out on the great buying opportunities. The dip we are seeing is extremely close to what we've seen back in September and we are most likely going to go back up from here. + +TLDR: If you've been looking for a good time to get in, this is it. +Yes, I know there is much hate about [FXHedge](https://twitter.com/Fxhedgers), but I found them pretty reliable. Usually within 2-3 days after one of their infamous "Margin call" news, we often saw some action in one way or another like GME going up or crypto tanking. Check out their current news: + +>Meltdown Monday coming together $SPX + +&#x200B; + +>Might get news on someone blowing up over the weekend + +&#x200B; + +>ETHEREUM FALLS UNDER $3,000, LIQUIDATIONS EXCEED $220M IN 4 HOURS + +&#x200B; + +>BITCOIN HAS LOST HALF ITS VALUE SINCE HITTING RECORD HIGH, MORE THAN $600 BILLION IN MARKET VALUE HAS BEEN WIPED OUT + +&#x200B; + +>CRYPTO CRASH ERASES MORE THAN $1 TRILLION IN MARKET VALUE + +I mean just look at the tickers. Crypto is crashing *right now*. Do you really think that all crypto fans all of a sudden found the "sell" button? Maybe there are in fact some big players being liquidated? Many of our great DD writers have foretold that the crypto market is probably the first to crash. Either way, I'm jacked to the tits for the coming weeks. As soon as the stock market crashes as well, expect some more downwards movement from GME before shooting to the moon. + +Buckle up, buy, hodl, DRS, to the moon! +**Intro** + +This sub often talks about the financial aspects of receiving a windfall, but I want to focus on the emotional aspects of inheriting a large some of money for those who are struggling with the emotions that come with receiving a large sum. Managing your emotions can be as equally important as managing your money and the two often go hand in hand. I would like to share a bit about two different paths that my brother and I took and share some of the emotional struggles I have had with receiving a large sum of money from a young age and how I manage those emotions. I hope that this post can help other people who might have similar feelings to what I have experienced. + +**Brief Background** + +When I was in my first year of college, about 10 years ago, my final grandparent passed away. My brother and I received a lot of money, about 750k each. By the time I received full ownership of the money at 25 years old, it had grown to 1.2 million due to most of the money already being invested. + +**What each of us did after receiving the inheritance** + +My brother has always been a hard worker and it’s something I admire him for. He was working in a dead end job he more or less enjoyed, but that didn’t pay well. He decided to pursue something else a few years after receiving the money and went for his masters degree. He now works at a stable job that pays pretty well and that he loves. He lives in a HCOL area and put down a large down payment on a wonderful house. When I was renting a room from him, he would leave early in the morning and get home later. He probably put in 50+ hours every week and up to 60+ at times for the first couple of years. As I said, my brother is a hard worker. There were many days or weeks that were very stressful and he was exhausted when he got home. But now that he is more settled in the job, he takes off more from work to do the things he wants to do and indulges in some of his more expensive hobbies. He has no intention of quitting his job and continues to gain a steady income. On this sub, this is the recommended path. Work like you would have done if you hadn’t received a windfall and enjoy the benefits of it growing. + +For those of you like me who struggle with the recommended path I’ll share what I have done. I completed college and hopped around trying different jobs. First, I worked a job in my field of study. Then I worked in retail for a bit before I tried a different type of job in my field of study. I ended up having a mental breakdown in that job. My next career decision took me to a low cost of living country where I now work teaching English. + +For whatever reason, I have really struggled with working full time and adapting to adult life. It could be argued that my inheritance has contributed to that as in full time jobs it’s really hard to stay motivated when rent and satisfying basic needs is not a concern if I leave my job. It’s easy to transition the thought of “this isn’t worth it” into action. It’s not that I’m a bad worker. I always arrived on time to my shifts and rarely slacked off. But after awhile in a job I start to realize the job isn’t really fulfilling and working for my mental health, and so I look for the next thing that I think will give me a sense of fulfillment. Therefore, I don’t know if I would have adapted to full time work even if I hadn’t received my inheritance. + +**Guilt** + +There are some problems that come with receiving a lot of money. I’m not saying these problems are worse than other peoples. Just that there are problems and one of the main ones is the feelings of guilt that can come from receiving a large sum. Over the years, I have felt a lot of guilt, whether from personal or societal pressures. I’m sure some of these aren’t only exclusive to people who have received money, but I still want to share them as I think they are pretty common among people who have received a windfall and are experienced to varying degrees at different times. Here is a list of some of those things: + +1)feeling like I don’t deserve and didn’t earn the windfall. + +2)feeling like I’m wasting my potential if I don’t do something special with the opportunity the money has given me. + +3)feeling like my achievements are lesser than others. + +4)feeling like I have to solve other people’s financial problems. + +5)feeling bad for spending any of the money. + +6)feeling like I’m not allowed to have problems. + +Include separate for not having to struggle like other people? + +**What has helped me with the guilt.** + +It’s important to work on these feelings of guilt because if you don’t, you risk the chance of making unintelligent decisions. Here are some things that have helped me in the past. + +1) It’s really interesting how we view what people deserve or don’t deserve. People tend to think good things happen to good people and bad things happen to bad people, but the reality is a lot of life is random. So we might look at people working hard to get the same amount of money that was given to us and we feel guilty for not having to make the sacrifices they do. After all, we aren’t better than them so why do we deserve to not work like they do? But remember that the person who chose to give it to you deserved to give their money to whoever they wanted to. So I think it’s important to be constantly thankful for the people or person that gave it to you. I feel less guilty when I see that money as something that was given to me so I could pursue whatever I want in life that makes me feel fulfilled and happy. + +Also, one of the things my therapist challenged me on is how to think about the idea of earning money. Have I earned my initial net worth by showing up at a job and exchanging my labor for money? No. But all the additional earnings that my investments make, is earned money in a sense. Not in the traditional sense, but in the sense that every dollar of gains is from money I chose not to spend, even when I could. + +2) The idea of potential is often associated with career, but that is only one aspect of your potential. But because people mainly focus on career potential, people will judge you if you don’t use your money to further yourself in your career or to start a business. There is really only one potential in your life that I believe matters, and that’s feeling fulfilled and satisfied with life. So do whatever brings you long term fulfillment and figure out what is truly important for you and distinguish that from what other people think you should be doing. For me, it’s working for some of my own money while also having a lot of free time to pursue my hobbies and activities. This obviously changes over time so just be aware that what brings you satisfaction now will probably be different even a couple years from now. + +3) Guilt about potential plays a bit into guilt about achievements. It’s easy to look at other people’s achievements and compare them to your own. When I compare myself to what other people are doing with their lives, it’s easy to think I’m not doing enough and this is amplified with the false belief that because I have the financial resources to do anything I want, it means that I could do anything in life. When really it means that I can pursue anything that I am willing to make sacrifices for. It’s easy to look at another person’s income on this sub and think ‘wow, if only I put in the effort like that person, I could make 150k+ too.’ But in reality, you don’t know the true amount of effort that that person has put to get there, effort that you might not even be capable of. You don’t know how many things that person had to sacrifice, the amount of stress they endured, or their goals that motivated them to achieve that level of income. + +But you know what you have sacrificed for your own personal achievements and they are things you can be proud of. While it’s important to recognize other people’s achievements, it’s also important to recognize your own achievements and to take the time to be proud of them. + +4) My first reaction, and maybe yours too, to hearing someone having financial difficulties is to want to help them. And if I were to feel guilty about the money I have, I would probably feel obligated to help them out financially. But constantly doing that would set me on the path to giving all of my money away and prevent me from reaching my own goals. I have found that most of the time, people end up solving their financial problems on their own and are really just looking to vent. Even just offering a listening ear is often a good enough way to help out your friends and family. + +Now I’m not saying don’t ever give money to help people. I think charity and helping out friends and family is noble and it is something I would like to do more of at some point in my life when I feel more income stable. What I am saying is don’t ever feel obligated to give money to other people if you don’t want to or aren’t comfortable with it. Personally, I have my own financial and life goals and I’m not comfortable giving away large sums. But, if charity is very important to you, select an amount you are comfortable donating or donate some time to help out. + +5) This can especially play off the feeling of not deserving the money you received. So if you buy anything with ‘unearned’ money then you didn’t really earn that object and you shouldn’t be allowed to enjoy something that you didn’t earn. But that type of thinking ruins the joy for anything that you spend money on, which is a lot of things in this life. While I’m not advocating for spending without any care in the world, I am advocating for guilt free spending. + +To help prevent overspending, it’s important to still have a budget no matter your level of wealth. Find an amount you are comfortable with spending per month/year and stick to that budget. For me, I take out enough money to cover my basic needs and a little extra fun money, but I still leave enough to let my windfall continue to grow. It can be easy to go over the budget when looking at your bank balance, but this is where a lot self-discipline comes into play. This has serves two purposes: It prevents you from buying things frivolously and over time eroding your windfall. And it also creates an artificial constraint where you begin to want to earn money. As I said earlier, having such a large windfall has made money less of a motivation for me, but when I feel a constraint on spending, even an artificial one, it makes me want to earn money with my own skills. The only exception I make is for important medical related things. + +Developing some sort of professional skills is good and I really recommend any sort of skill that can be freelanced if you struggle with full time work. It has been important for me to acknowledge that I wouldn’t have been able to pursue this kind of career path had I not received my inheritance. Feeling like I am still having to use my own skills to earn additional money has given me quite a lot of personal satisfaction. + +6) For the final point of not feeling like I can have my own problems. People are judgmental. It’s a fact of life. And people tend to look at those who have been very fortunate as not being allowed to complain about things or have their own problems. But that’s not true. Are my problems as stressful as someone who has to worry about not making rent and barely being able to feed their family? Hell no! But someone having a more stressful situation than me doesn’t make my problems any less problematic for me. So it’s okay for you to struggle with the guilt and other emotions that can come with having received a large windfall. + +**Conclusion** + +I hope some of the things I have written can help you a bit to navigate the emotions with receiving an inheritance or windfall. I would be interested to know in what other ways you have felt guilty or other ways in which you were able to manage some of your guilt. +In response to this thread: https://np.reddit.com/r/legaladvice/comments/6e1xhz/maryland_my_mother_died_last_night_at_47_im_24/ + +I thought there was a FAQ for this topic here, but I don't see one in the sidebar. Did I miss it? + +I moved to the beach about 1 year before covid struck. I was living with my parents and shopping/saving for a home. I was looking for almost a year without finding anything I was satisfied with. + +Soon after the lockdowns were over I happened across a new development I hadn't seen because it was out of my price range. When I walked in the houses were very nice and I was shown a lot facing a very large pond and it was 4 houses down from the community center/pool. The price had just been knocked down 10k and the builder was happy to put the bathroom tiles I liked in for free. (Spec Home) + +It was a stretch but I put 10% down and got a 2.99% interest rate on a 30 year. I paid 266k for the property. I'm very happy with my home, location, and neighborhood. + +There are a lot of homes and developments springing up around my neighborhood. A hospital is planned to be built a half mile down the main road, new neighborhoods, new grocery stores, car washes, ect. It's booming here. + +The builder is just about to finish the last phase of homes to close the neighborhood. Several lots are already marked sold. The cheapest new build is now 359k (which happens to be my same model but I have a premium lot, that one faces a right-of-way/power lines). A few months ago a house sold for 50k more than they paid for it near me and now another house was just listed for 399k (which is 140k more than they paid for it!) + +It seems like an absurd amount of equity that I may have lucked into here. I really am not sure how to play this one out. If everything is relative than I wouldn't make any money by selling because an equivalent home (hard to come by) would just cost nearly as much. + +Do I just play a longer game here and wait for market prices to correct, save some money for a possible second home, and then sell when I find another great deal? Or is there something that I'm missing I could possibly do to take advantage of the fact my house may have increase 100k in value? + +**tl:dr -** House I bought 1.5 years ago is now probably worth 100k more than I paid for it and I'm not sure if I'd profit from selling because any alternative property probably an equally inflated value. + +Edit - Thank you for all the advice here. You all have been very nice and helpful. I believe having the home re-appraised to get rid of the PMI is the best move for me right now. +They re-aired an old episode this week that I had never heard, the theme being "held hostage". [This segment](https://www.thisamericanlife.org/409/held-hostage/act-two-4) is a pretty interesting story about real estate investors in New Orleans. +Hello! House currently has disgusting carpets and we want to replace them with flooring throughout the home. + +What's the best thing to put down that will hold up to years of tenant abuse, spills, pet poop/pee, and won't break the bank? + +I would love any thoughts on this. Want to get it right the first time! +[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/) +[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/) +Hellooo, + +I don't have anyone to talk about Forex other than this subreddit, so I thought why the hell not and ask some info since I'm pretty much new to Forex! Cheers +How much do I need to grow my account per month to be considered profitable. I understand technically its 1% but I doubt that's what people are talking about when they say profitable trader. +Lots of entertaining fundamental vs technical gang hostility here. Let's add some fuel to the fire. + +Many of the funny mentals I see obey "news" (i.e southeastern potato farmer's male off-spring job employment numbers) and "sentiment" (i.e. emoji analysis on tweets originating from USA vs Japan). + +At least there are more techies here that study price and volume directly. I think the fundies think the techies trade plug n play RSI's to begin with. No - they invented them to help the rest of us lazy market participants remain ignorant of the nature of the market oscillations. + +The real fundamentals would be the sources within the mechanics that equate price to begin with. + +The market has been alive for a long time and is very efficient. It is, after all, the highest volume market in the observable universe. + +Supply and demand at any given price is fundamental. + +Volume is fundamental. + +Tech is how price moves from point A to point B over time and volume. + +At least the fundies get lucky with the price action once in awhile, for instance when they blindly trade insignificant news releases on potato farmers that coincidentally align with momentum and available volume within the market structure while they have finely (or poorly) tuned TP's and SL's... which are all defined by tech levels. + +I implore everyone to look at this EURUSD chart that i have hastily painted some fake meaningless trendlines on solely to illustrate how even more meaningless and untradeable even the biggest "news" is, but how highly tradeable the volume and oscillations are: + +https://i.imgur.com/BDVTUrc.png + +Greater volume, bigger swings. Oh how symmetrical the news is! + +So what happened we hit the first touch that huge resistance the past couple months? What huge resistance you say? + +https://i.imgur.com/VxqjxEG.png + +They might say: the news must have massively turned around currency sentiment globally once again! Right on time!!!! + +Funny how the patterns look the same in every timeframe. I wonder what news we'll blame for the next accumulation or distribution cycle on a large time frame. What do you do when price is ranging on the weekly for a year or two (i.e 2015-2017)? Must be a real rollercoaster of emotions for the fundies....... + +it's no reliable way to intraday trade. + +Of course, this is just my humble opinion folks. +Hello, I'm wondering if forex trading is a good side hustle/hobby to pay for the bills etc. while I pursue my career. I love that you can do this anywhere, anytime, and you don't need to invest in setting up a website or buying equipment/products upfront in order to make a profit. Also there's not really a ceiling of how much you can make, depending on how good you are I guess. + +I understand there is quite a learning curve, but I somehow feel that forex trading (or any trading) might be more financially lucrative and flexible in schedule than working as a freelance music producer (which is what I'm doing right now). + +Am I better off just getting a day job? Thanks in advance! +This has been a super useful subreddit, especially the detailed notes on various topics. Thank you for being so generous with your knowledge. + +**Case:** + +My question is very similar to the usual requests for plans to retire early but with one twist: I am currently 29, and have had a (mild-ish) cancer in my early 20s. I am currently in remission and doctors expect me to be in remission for the next 3-ish decades (with decent probability) and for secondary malignancies (with high probability) back in my late fifties, at which point it is expected to progress quickly and lead to death. As a result, my plan is to retire by the time I am 40 to have 15-20 ish years of enjoyment before peacing out. I explicitly DO NOT want to arrange for my living beyond 60. How would one model an investment/retirement plan given these parameters is my broad question, but I break it down below. + +**Financial Situation:** + +I finished grad school recently without any debt but also not much savings. I am currently working full time (for about 7 months now ) with a gross yearly salary of about 160k (base+bonus). My work is quite stressful and I do not enjoy it. My current savings are (16.5k emergency fund, 40k in broad ETFs , 10k in 401k and 2k in bitcoin). I have been maxing my 401k to get my employer match as well. I have no debt and do not own a home. I live quite simply and my monthly bills are roughly 2.3k. + +**Questions:** + +1. Given my desired plan to retire early and never see a day over 60, is the 401(k) still a good idea, given the possible tax disadvantage? Should I only be putting in post-tax dollars now? I am not very well versed with the 401(k) tax tactics especially if planning to withdraw early. +2. 40 is only 11 years away from now and feels very close by and not a whole lot of years for my money to grow. What sort of investing should I be doing to have the best shot of attaining my goals? I would be content to have 4k per month in todays dollars over the 15-20 years after retirement. +3. How should I think about owning a house given my bespoke expected living situation? I am not particularly keen on owning a house except for the risk of exorbitant rents in the future. + +Please feel free to ask more clarifying questions or to direct me to a more appropriate subreddit as you see fit. I am grateful for all of your time in considering my situation. I hope it is interesting to you. +tldr - My car loan was paid off/closed in error. Do I keep fighting it? Or is the universe providing for me ;)\~ + +&#x200B; + +**\*Update\*** \- Checked my credit report - No new accounts are showing that they've been opened so I don't think the loan has been sold. + +**BUT** I called the bank again this morning & was informed that the personal information I provided to confirm my account didn't match their records & they wouldn't speak to me (WTF?!?!, now I'm a little concerned) and advised me to go to a branch which I'll have to do later today. + +&#x200B; + +Back in early April I noticed that the debt amount in the personal finance aggregator I use dropped fairly significantly - A little research showed that my car loan had been paid in full and was at a $0 balance. + +&#x200B; + +I contacted the finance company right away & told them that as much as I'd hoped I had some secret benefactor that paid off the $8k balance, I didn't think it was likely and that they must have applied someone else's funds to my account in error. They said they'd review it & get the account reopened shortly. Approximately 2 weeks later my normal payment was due & I logged in online to make sure things had been sorted but the account was still showing paid & closed. I called again, spoke to someone new, went through the whole rigmarole again only to be told they'd look into it and get back to me. I made my payment through my bank bill pay anyway & it was returned about a week later. + +&#x200B; + +A few weeks later I called again & got the same response - Since discovering the error I've continued to make my payments (3 in total now) only to have them returned (but at least I can prove I was making them if/when the finance company sorts things out!!!) In the meantime I'm stashing away those payments just in case. + +&#x200B; + +I've called 5 times now in the last 60 days & am getting ready to send in payment number 4 next week only to have it returned as well I'm sure. How much longer do I fight this? Has anyone else had this happen & if so what were the results? +My life is in this pattern. I always think that "I am still poor but if I have \[the next million dollars in wealth\] then I will be rich". Now I stepped over another 000,000 and still think the same. Is there anything that can help this unhealthy thinking. Thanks +Considering the ETC and BCH pumps I thought this might be worthwhile to those new to crypto. + +Ethereum Classic (ETC) is not the same as the real Ethereum (ETH). They forked a long time ago, which is why they share the name. But nothing is being done on ETC. All those ERC-20 tokens live on ETH, not ETC. Don't be fooled. + +Same goes for Bitcoin. There is only one BTC. Bitcoin Cash (BCH), Bitcoin SV (BSV), etc are all forks of Bitcoin. Which means that they tried to make a change to BTC but failed, and ended up with a new coin. + +Just like ETH, the real Bitcoin network is the valuable one and that's why there is such a massive difference in price between BTC and the other Bitcoin forks. + +TLDR: Don't get fooled by similar names. There is only one BTC, and only one ETH. + +Good luck out there everyone! +Hi, so I'm a 19 year old student living in Poland and I can't bear the thought of working for 40 years until retirement. + +After university as an engineer I should be able to put away at least $500 a month while living comfortably in my country and my plan is to put it mainly into ETFs like SPY and Nasdaq and just leave it there for 10+ years. Does this sound like a solid plan? + +Currently, my portfolio is around $1300 (mostly SPY) . +How legit is it to make your own will and get notarized without involving lawyers where the cost goes upwards of $300 or more +Any advice is appreciated. I am located in Central Jersey. +I'm 21 and I live with my boyfriend in a 2 bedroom apartment with our 3 year old son. We barely make it on his income with nothing left over after a month of finances. I can't work because we can't afford childcare. I've tried getting a work from home job but with a toddler it's completely impossible to sit down and do work for more than 20 minutes. I want to further my education, but it always goes back to having no childcare or money. I can't take out a student loan with no job to pay for it, and like I said my boyfriend has no money left over because he's supporting us. He makes 13 dollars an hour. I tried applying for childcare assistance but was denied because we weren't married. We want to get married but we're unsure how that will affect our other government assistance things like food stamps and medicaid. I feel so trapped and every day that goes by I feel like I'm failing my son by not securing our future. My boyfriend wants to further his education aswell but working fulltime and having no extra money, he has no idea how to do it either. Wtf can we do? Is this it? Are we stuck at the bottom of the capitalism shithole? Is there anything I can do to get free education at home? I'm so fucking depressed. I'm starting to wish we didn't have our son, as horrible as that sounds. I feel like I've doomed him to a life of having nothing. I was young and in love with no family to help me. What the fuck do I do +We've got a lot of people around who enjoy sharing their Bitcoin knowledge, so don't be shy. If you want to learn more and feel like sticking around for a while, remember to subscribe. + +Here's an [introductory](https://en.bitcoin.it/wiki/Introduction) and an [FAQ](https://en.bitcoin.it/wiki/FAQ) link to pique your curiosity. Also, check out [weusecoins.com](https://www.weusecoins.com/) if you're absolutely brand new to Bitcoin. + +Have fun! +Remember everyone, it’s just a perception of loss atm. 1 BTC still equals 1 BTC, or in my case 1 Satoshi still equals 1 Satoshi. + +Head back to your grind, keep earning that fiat, take care of your family and take care of yourselves. + +If you need the funds to survive, fold and use it. If you dont need it, just chill. + +tbh, this post is mostly just to talk myself into a happy place. Alright, back to the grind. + +Cheers all. + +Edit - lovin to good vibes, thanks all. Great to see folks keeping a level head, only investing what they can afford to lose, and waiting out the storm. + +Edit 2 - wow, karma farming downvoters are brutal, so many good comments at 0, updooting just to balance out the universe. + +Edit 3 - for those pointing out that we don’t all have work to go back to, I hear you and I am sorry. Didn’t consider the unintended knife twist the post could be for those hit hard by everything that’s been going on with the job market. + +Edit 4 - my most upvoted thing on Reddit is me reciting my HODL mantra, cool, cool, cool, cool. + +Edit 5 - last edit, I’ve got to give a screaming 2YO a bath. For those pointing out 1BTC was 60,000 and now can only command 40,000. Well yeah, I get that, thanks for the price snapshots, maybe try zooming out on the charts, the lines go up and down. We’re at the razors edge of a new way to carry out commerce, contracts, organizations; this stuff is chaotic and the early adopters are going to suffer that chaos. Anyway, strap in kids, we’re in for a bumpy 21st century. +So every time I have a new strategy I test them this way:- backtesting - out of sample data- livetesting w/ small account + +Then if the strategy is still good:- I size into my real account size (then strategy breaks) + +Any advice? I use Kevin Davey's monte carlo simulation btw to check if the strategy still works or not. + +https://preview.redd.it/98hrl80fdlq71.png?width=988&format=png&auto=webp&s=5b715a3d5f22648a0eaf5b79b7ac8589389301ad + +&#x200B; + +\[edit\] + +Additional details: + +\- for livetesting i risk 2$ to earn $1 per trade + +\- for real account i risk $20 to earn $10 per trade + +\- i use post-only orders to avoid slippage + +\- i have a target profit and stoploss set every trade + +\- i use limit order for target profit + +\- i use stopmarket order for stoploss + +\- i use [Bybit](https://www.bybit.com/en-US/invite?ref=ERP5Y6) as my trading platform (for rebates) + +\- i trade crypto btw + +\- average number of shares or coin per trade is $1,000.00 + + +\[edit\] + +also not that: +\- my backtest equity-curve is also getting destroyed because i made the backtest look realistic so that they trade exactly the same way. In my backtest i use limit orders too and put them a few ticks below the entry price like in real trade. So if you say it's because of unfilled orders, i don't think so. + +&#x200B; +EDIT: I forgot to mention I work remotely. Any income for 4% needs to be done IN PR and exported to not PR + +I was wondering if anyone has thought about moving to Puerto Rico to take advantage of the tax breaks? + +Being a territory they have a unique exemption in the tax code where any PR sourced income is not subject to IRS to PR residents. + +Obviously this entails uprooting your life to live in a relatively foreign place. + +But healthcare here is low, weather is great and I get 4% taxes total. + +I do have to pay myself a salary, which is subject to FICA but that's not a crazy amount + +But you would need to set up a LLC here and be paid as a 1099. + +Of course you can live elsewhere and take advantage of FITC and get the first like $180k tax free from US. But I didn't want to go that route. +Dark pool sounds not very good, but it is still soft and minimizing language for what is in all ways, a private exchange to which PUBLIC orders are sent, to be obfuscated and hidden from true trading and price discovery. + +Can we start calling them "unregulated private exchanges" please? I feel like it is important to actually say what these vague vampiric/parasitic/criminal entities actually are. + Over the past month, there's been significant OI accumulation on the options chain for ESSC. What is ESSC? It's a low float SPAC (probably 340k shares, conservatively 1.1 million based on speculation) that has a NAV floor of $10.26 until February 14-24. This February date is relevant in that the NAV floor will remain at $10.26 leading up to that point, so will the low float. + +Now I'll lay out the technicals of how the play stands. Currently there are over **8,508 calls** in the money for the **$10c strike**. That's **850,800 shares** that market makers *should* have to hedge for leading up to expiration (January 21st). At the **$12.5c strike**, there are **16,427 calls**. That's **1,642,700** shares that market makers *should* have to hedge for leading up to expiration (January 21st). With the **$10c** and **$12.5c**, that's **2,493,500 shares** that would need to be accounted for. If the float is 340k or 1.1m, that's over the float **6x** for the former, and **2x** for the latter.   You might go to your broker and see that it says the float is 3.7m, but 2.9m of those are held by backstop investors, who are heavily restricted from selling those shares up until merger. + +What does this mean? Significant interest on behalf of retail could generate an incredible opportunity to make this a gamma squeeze, where the amount of shares needed in order to hedge on those calls would exceed the float ***many times over***. Not only that, but if goes past those two strikes, it would then likely continue moving up the chain, where even more call options would need to hedged. The potential outcome is hard to even imagine, because I've honestly never seen a play quite like this. It's a unicorn. + +The thing is, ***those $10c strikes are still in the money***, which *should* induce hedging in excess of the float. At $12.5c strike, ***you have even more strikes*** which *should* require even *more* hedging.  + +With all that being said, at $11.16, and a NAV floor at $10.26, this would get *extremely interesting* with more retail attention. The thing that needs to change is retail sentiment. Last week, too many people wanted to make this out to be a coordinated pump and dump, and they wanted to be right, because they chose to ignore the setup early, and didn't want to buy into it at such a late entry. The early entry point that many of us had a month ago **is there now**. All it needs is a little push, which retail has the power to do.  + +The reason ESSC *can* happen is because of it's small float, lack of volume, and exceedingly large OI at the $10c and $12.5 strikes. Retail has **more power** than it thinks in that sense. The two days left could work to the advantage of this play, because significant interest on behalf of retail would catch them off guard. + +Options chain extract from webull: + +&#x200B; + +[Note: slight deviations in calculations above to OI provided here](https://preview.redd.it/szoiyn7oovc81.png?width=1054&format=png&auto=webp&s=575647036147ea17af497f53559b5e816d9cd2c1) + +Disclaimer:  I have calls at $12.5c, $20c, $25c. I opened my position in late December and did not cover my cost basis.  I wish I had. The prices are better now than when I entered. With all that being said, none of this is financial advice.  Please keep the drama away from this post and discuss it candidly and openly. This is a sub that should be drama free and only dedicated to discussing opportunities for making money. + +**ELI5: The price needs to hit 12.5 tomorrow (OPEX) to enable 15k calls ITM and trigger potentially significant hedging** +Two years ago, a virus attacked my brain. Since then, I've been unable to work and the virus did some significant damage. I went through two misdiagnosis, a year of medication I shouldn't have been prescribed or been taking which did further damage, and spent a month in a brain clinic, all trying to figure out what is going on. + +For the past year, I've been living on $866 a month. My rent is $850. It's been hell. I'm in Canada, so everything is just slow as hell to get sorted out, and it's still ongoing. When I initially applied for help, I was told a lot of misinformation by the case worker I had, so I decided to not file my taxes for 2020 in order to hang on to the refund I was owed - I was told the government would claw that money back. + +Turns out, that's not the case, so I finally filed my taxes. This week, I got a substantial refund ($1150!!), plus a further refund that will arrive next week of about $350 for another refund I would have had, should I had filed my taxes (it's called GST credit, which won't mean much to non-Canadians in here). + +It also allows me to file for rent support. I've been FINALLY assigned a case worker who works with brain-injured people, who understands that I can't just sit and figure out some of these insane government applications and forms, and progress - after two fucking years of hell - is going forward for once. + +Yesterday, I went and spent an absurd $175 on groceries. My freezer, fridge, and pantry look real again, and I deliberately shopped so that the food I got will last for many months. + +This is the first time in over a year that I haven't been worried where I'll get enough money to pay a power bill, which I've had to do by selling things or taking in odd jobs to my home that pay just barely enough to cover the power bill. This is the first time I'll be able to eat more than once a day too - I've been eating only once a day to preserve what the food bank gives me, and it's typically rice and pasta. + +I used to make about $65,000 a year, so I had savings and retirement, a bit, perfect credit and a 'normal' life. It's amazing how fast it all just goes away in a heartbeat, and you find out who your real friends are when shit hits the fan. + +This morning, I had a cup of coffee. Coffee is $8 a pound, and I typically can't afford it. I made bacon and eggs for breakfast. Bacon is a luxury, haven't had it in over a year. It's been a delicious morning, and it feels good to know that, for now, I have a float of money so I don't have to live in fear, and buys me time for the rest of my paperwork to go through for disability (which will double the amount I get). + +It's a little thing, it's temporary, but I SLEPT last night for the first time in eons because I don't have to stress where I'm going to pay power from this month, or the next several months. + +Just wanted to share a little piece of my happy, because it's been a really really REALLY bad couple of years. +Have you guys seen the article "Want to Retire Early? Think Again" here is the link: + +http://www.investopedia.com/articles/personal-finance/031715/want-retire-early-think-again.asp + +And here is my response to each of their reasons. + +1. You may not have saved enough. +Yes I have. I save about 65% of my salary + +2. You may outlast your savings. +If there is a major crash that wipes 70% of the stock market, bond market, and housing market. Then, my net worth would be the least of my problems. + +3. You’ll miss the work stress. +LOL. HELL NO!!!!!! + +4. You might not be able to afford your bucket list. +I don't want to go to Tanzania... and even if I did, I can afford it. + +5. Your Social Security benefits will be diminished. +I am not counting on Social Security + +6. It may take a bite out of your spouse’s benefits. +I am not married + +7. An early retirement package might not fill your needs. +What needs are those? + +8. It’s hard to go back. +Once I wave good bye, who would want to get back to Megacorp. If there is a need to work, I would do something less lucrative but with much more satisfaction. + +So, while that might apply to average America, I think that the reasons states are just to solid for the financialindependence crowd. + +What do you think? +I've been eyeing a couple stocks for my dividend portfolio, looking for a good entry point, Cisco being one of them. Dipping 7% premarket today after revenue miss looks like a good deal for me. +Although revenue is a bit stagnant, free cashflow is on the grow. Their dividends are growing steadily and I see plenty of room in their segment in the future also. Is there even a reason not to buy this stock at these prices? +I've been eyeing a couple stocks for my dividend portfolio, looking for a good entry point, Cisco being one of them. Dipping 7% premarket today after revenue miss looks like a good deal for me. +Although revenue is a bit stagnant, free cashflow is on the grow. Their dividends are growing steadily and I see plenty of room in their segment in the future also. Is there even a reason not to buy this stock at these prices? +Not really suggesting it is the best way to plan investment strategy, but I think I do the opposite of what many people on this sub are doing - I'm buying income/value stocks on regular account and growth stocks on tax-exempt account, and maybe after my explanation some of you might think it is a good idea or show me that it is a bad idea. + +It all comes to psychology and seeing income and growth differently. + +Income stocks are just less volatile and therefore more liquid in a way that I can sell many of them pretty much anytime without losses, yet they are also giving me some yield. Yes, I pay taxes for the dividend, but at the same time why wouldn't I? It is my income and I treat it as such - not always reinvesting, sometimes withdrawing and "paying bills". This is a conservative part of my portfolio + +Tax exempt accounts are forcing me to think for 30+ years ahead, and there I buy more risky growth stocks. Wouldn't care of 50% dip on some stocks there, as long as there's still growth potential long-term. Also, tax exemption might work even better in this case - if simplified, saving capital gains for 1500% growth (not rare for some tesla holders) is much better, than saving 19% (I'm in Poland) on a yearly dividend. +Hello everyone! I am quite curious as to what problems you guys run into when looking to build your own trading algorithm. What do you run into before, during and after you have built your creation? And what have you used that has helped you ease the annoyance of the problem? + + +We may be able to help each other out in this post. +Hello, first time posting. This isn’t meant to come across as a brag post, apologies if it does. + +As per the title, I’m only 22, any information at all on what I should do with this sum of money? I don’t want it to just sit in my bank account, plus isn’t only the first £85,000 insured as well? Sorry if this makes me sound like a complete idiot but this is exactly my predicament. I’m pretty young and new to all this and genuinely have no idea what to do with this inheritance. Kind of worried about it if I’m honest. + +Thanks in advance for any info, + +TJ +Amazing the influence they have. The market has shrugged off every piece of bad news so far, but as soon as GS open their mouths, stocks finally get slammed. +Interestingly, while everything tech has been getting pummeled in the past 2 days, GS share price has gone up both days in a row. +A growing question politicians and economists are starting to ask themselves, will the United States become energy independent? With the ongoing war between Russia and Ukraine, the US has sanctioned Russia and is determining whether or to impose tougher restrictions on the Russian energy sector, such as ban Russian oil imports. + +White House press secretary Jen Psaki outlined a range of efforts to increase production of natural gas and oil, but conceded that "domestic production has not insulated us from the price volatility of fossil fuels or the whims of those who control them, such as President Putin. Americans know that." She stated "The only way to protect US over the long term is to become energy independent". + +So, this isn't just a concentration on becoming energy independent; it is a focus to reduce the dependency on Russian fossil fuels while still focusing on clean energy to help mitigate global warming. + +Council of Economic Advisers Chair Cecilia Rouse told reporters at a Friday press briefing, "We are looking at options that we can take right now, if we were to cut the US consumption of Russian energy". I believe the only way to become energy independent and still focus on mitigating global warming is to make huge advances in the clean and renewable energy sector. + +So, with that being said, do you think the US will become energy independent? And if yes, what petroleum companies look good right now? What clean and renewable energy companies out there do you think will have the upper hand on receiving government grants to help the US succeed in this endeavor? +So my brother (45 yo) who lives 1000 miles away just got out of prison earlier this month. No family to help any more as mom passed when he was serving his 6 year sentence. He was released with just the clothes on his back. He had no ID, no social security card, and no birth certificate. No job, was given a place to sleep at a homeless shelter for 2 week increments that is re-evaluated and determined if needed. + +Fast forward 2 weeks. He already got 2 job offers. He accepted one job offer that has him working 7 days a week for $14 an hour at a mexican food restaurant. He has gotten his license, and waiting on birth certificate from health department of state he was born. Social security card is a work in progress. He has to check in daily to see if he has to get drug tested. If he does then he has to find a way to get to a location 2 hours away one way, without a car.....that day. For his parole officer meetings once per week, his P.O. is nice enough to meet him.....otherwise he would have had to travel 30 minutes drive time away in next town over, with no car. + +Next steps. We have discussed opening an online bank account like a cash management account from fidelity. Big banks charge monthly fees and low balance fees. The online CMA does not and actually works well because he can also deposit check using his phone. ATM fees are reimbursed. We also discussed a budget and to use the office app on his phone and use the free storage to track his expenses. + +Future next steps. +1. Rent a place to live. This is going to be tough. Rent is expensive and limited at his location. We have discussed renting a portion of a home from someone but I do not know of many people willing to do that for a convict that just spent 6 years in prison. +2. Six months emergency fund for living expenses. +3. Used car purchase? I recommended to just foot it for a while to keep expenses low. + +Long term goals. We have yet to discuss purchasing a home. Also no talk of investments. At this point, I think he would be best served grinding out jobs and keeping expenses as low as he can keep them. Then buy a cheap small house and try to get it paid off before 65 years old. At that point he will have a home and collect social security. Then he could focus on investments. + +This is all assuming he stays motivated and follows a very structured and grinding it out type of path. + +On a positive note. He has no debt, and no financial obligations except his own survival. +Just curious if anyone's portfolio consistently makes more money in a year than they earn from their job? + + +I was laid off last August and still haven't found a job. Due to some inheritance, I have actually made more money (on paper) in the stock market YTD than I did all last year. So far, the asset I inherited, has increased in value a little over $19,000 since January 1st. + + +Disclaimer: I had an entry level sales + commission at a very poorly run startup that paid pennies. +Saw this letter to the editor in todays WSJ and thought it raised a very valid point. + +Imagine how much less debt people would have if they didn’t have to pay for unnecessary courses outside of their field of specialization… + +“One cause of staggering student debt is the requirement of four-years schooling to get a bachelor’s degree. For an engineering degree, I took two years of engineering courses plus two years of art, history and biology—courses that added nothing useful to my career and took time away from the courses I wanted and needed. +These extra courses added to my debt and delayed my moving on to a job and income. Yes, many students don’t know what they want, and if they have the time and money, they can pursue whatever might interest them. But the taxpayers should never be on the hook for daydreamers and dilettantes. “ +Was having a discussion with a friend and we were curious about where people with millions of dollars keep their cash, as I understand that in the scenario that a bank goes bust the gov will give you up to 250k back. So do they just keep it in various savings accounts in the big 4 banks or are there special accounts available or something? + +EDIT: Thank you so much for the responses! My friend and I don't have much knowledge about finance, so getting all these insights into how this works is very interesting! Thanks! +With an 80% jump in margin use among individual investors over the last 2 years, how much margin do you currently have (as a percentage of your portfolio)? And at what rate? Do you plan on reducing your margin amount as rates increase this year and if so, how/how much? + +I.e. I’m currently borrowing about 47% of my portfolio’s value in margin (not including retirement accounts, which you can’t take margin out on). I plan to reduce this to about 25-30% by year-end depending on the speed of rate hikes. + +It’s interesting to consider how high margin debt is (918.6 billion as of 11/30) as rates start increasing this year; is there any relatively recent empirical research exploring individual investors’/funds’ sensitivity to rate hikes in terms of margin? This could be an interesting start: [https://www.marketwatch.com/story/this-indicator-flashed-warnings-in-2000-and-2007-and-its-buzzing-now-11640865332](https://www.marketwatch.com/story/this-indicator-flashed-warnings-in-2000-and-2007-and-its-buzzing-now-11640865332) + +Overall, margin is still only about 2.5% of the S&P 500’s total market capitalization so I suppose nothing really alarming could stem from margin use itself, but I’m curious as to how others are adjusting their margin usage as rates increase + +tl;dr Lots of margin usage, what does yours look like? + +Edit: Some brokerages like Robinhood do provide margin at pretty low rates (2.5%). Would that change your answer? +Hello World, as you might have noticed u/DerGurkenraspler didn't post his usual Diamantenhände Thread, so since i am also from germany and can see the Live Data i am going to do this today. + +Current Price: "120 minutes in 180,23 US-$" + +FAQ: + +# Where do you get our numbers from? + +I too trade through my bank account and just refresh the page to see the current price in dollar. + +# Why are your numbers different from the ones I'm seeing online? + +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). That's why my movement may differ from your sources online. + +# I don't trust those germans, look at what they did in the 20th century...can I get another source? + +Sure, you can take a look here...just remember to convert from € to $! [https://www.ls-tc.de/de/aktie/gamestop-aktie](https://www.ls-tc.de/de/aktie/gamestop-aktie) + +# Can you post the volume too? + +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +115 minutes in 180,25 US-$ + +110 minutes in 180,26 US-$ + +105 minutes in 180,04 US-$ + +100 minutes in 180,33 US-$ + +95 minutes in 180,13 US-$ + +90 minutes in 181,20 US-$ + +85 minutes in 180,18 US-$ + +75 minutes in 182,14 US-$ + +70 minutes in 181,90 US-$ + +65 minutes in 181,35 US-$ + +60 minutes in 180,827 US-$ + +Since the Premarkets opening right now, I have to say goodbye. + +I hope you all can see your usual host here tomorrow if not i will try to cover for him. + +Don't forget to BUY HODL and VOTE + +# 💎👐 +One of my many motivations for pursuing FIRE is a growing fear of age discrimination. I work in tech and often worry that I won't be able to work as much as I would like after a certain point in my career. One of the reasons that I'm concerned is that I don't see too many people over 50 working in technology companies. Some studies suggest that this is problem outside of the tech industry as well: +[If You're Over 50, Chances Are the Decision to Leave a Job Won't be Yours](https://www.propublica.org/article/older-workers-united-states-pushed-out-of-work-forced-retirement). I curious to see if anyone has experienced age discrimination in their careers? If so, how did you handle it? +The title says it generally, I had a rare opportunity to actually SPEAK to my elected representative, and he said the only things hes heard about cryptocurrency are “concerning”. Im looking for help on putting together a good list of reputable sources that i could provide to him so that he could see the value that the cryptocurrency and blockchain industries could bring to my state. I really would appreciate help on this matter as he really seemed to listen and i dont want to miss my opportunity to potentially put a good word in for cryptocurrency! Thanks! +. +. +. +. +. +. +. +. +. +. +. +. +. +. +Edit: I live in Connecticut and the representative is a Democrat! Forgot to mention that! Thank you so much to everyone who has replied so far this is exactly why i came to this sub! +Surprising that Aviva an International Investment org has no online presence for over 2 months now in India. They have not informed their investors the reason for this, and provided absolutely no info. If they had done this in their corporate HQ in north America they would have been fined millions of dollars and it would have been reported as head lines in all major news media. What has Indian media done, nothing, not reported , not mentioned, and it looks like the Indian Gov also has shown no responsibility to the investors. Is there no oversight by the Gov on activities of these organisations? Dissappointed. Its social media that seems to be doing the info education. +I am personally down to a 90-10 debt-equity split. Most of the equity is in international equity and I own very little Indian company equity. It is basically my plan to invest only in high quality short term (<1year) debt for the coming couple of years. + +[Source](https://craytheon.com/charts/nifty_pe_ratio_pb_value_dividend_yield_chart.php) +I didn't have quite clarity but i was sure real estate is not in a ideal condition right now, and market expecting a correction in high prices the builders are expecting thus decreasing profits in long term. + +However, I was wrong according to them and said real estate is the way forward. I couldn't understand why. + +Can anyone please tell me what would be the better investment and why? +Could anybody care to explan me why Astral Polytechnik is traded at a whopping P/E of 64! + +From what I understand is this company makes PVC pipes which honestly isnt that much of a big deal to begin with. Yes i understand that it could be branding and low debt that could attract a premium. But I think this is highly overvalued and it is possible that is a manipulated stock? + +Then after this stock crashes after sometime people will cry but not understand why buy a stock which is trading the PE of 64 in first place. +I am a full time employee and I don't have much time in my hands to read about stocks. + +So my main investment is MF. I have started investing late and I am still a beginner + +So far my MF investments are - +1. UTI nifty index +2. Ppfas +3. Pgim midcap +4. Tata digital fund +5. Elss - mirae - as per need + + +Discontinued - Axis bluechip + +While I plan to do manual SIPs in the above 5 MFs, I do want to select some good stocks as a side investment. So far I have selected - + +- Asian paints + +- reliance / HUL + +- TCS / Infosys / happiest minds + +- Deepak Nitrite / aarti industries + +- irctc + +- HDFC + +- campus + +My dilemma is on one hand, the consistent compounders are being invested in by the MFs I have invested in, but on the other hand, I do want to have them in my profile rather than going for only midcap and smallcap as these are good stocks and I can't let go of them from my stocks. But this is going to have a lot of overlap. + +So how do you invest in MFs and stocks + +nb - only for educational purposes, this post is made. +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. +Edit: Parents in the US! + +Like many of you I am looking to FIRE, and I’m doing the best I can to not give up on the best thing in life... family. Recently, it dawned on me that I will need to account for and plan for my parents. Unfortunately, they did not learn to invest, and do not have enough meaningful assets. + +Taking care of my parents is a higher priority than my fire goals, but I’d love to do both. + +I would appreciate any guidance you can give me, including what to plan for, topics I should understand, strategies you have employed to keep quality of life up and costs as manageable as possible, etc, etc. + +Thank you all in advance. +The last post didn't gain as much attention as I hoped, so I'll be returning the original captivating name. You're all welcome. The rules of the game are [here](https://drive.google.com/file/d/1sfJAyX21MpJKpzy2za6kQdQllTk0U-hO/view?usp=sharing). + +&#x200B; + +The second week of formalised reports have come around, and I've just spent nearly 2 hours extensively revising the new [Strategy Guide](https://drive.google.com/file/d/1jeFnQ0nCVRjdqxhYp_mnoKCsoe5DajwJ/view?usp=sharing), catering to those who wish to be more active or passive in this strategy. That reminds me. It is with great pleasure I am 100% confident in the following statement. + +# THIS STRATEGY IS PROFITABLE 🚀🚀🚀🚀🚀 + +\*Disclaimer-I do not invest in this strategy yet-I am not investing in it because I have not got the cash for it-If I had the cash for it, I would invest in it-I am not a financial advisor and this is not a super intelligent financial "strategy" + +&#x200B; + +On top of this new guide, which was translated to legible English instead of whatever the fuck my brain decided to pump out at 1am or something, the [Experiment Spreadsheet](https://drive.google.com/file/d/1Iw6ym-Qbe89u7u7P7TAbHOis-nG0NKk_/view?usp=sharing) has seen a number of expansions and a little reworking. To reduce bias in the results from extreme results, a box plot was introduced, which **STILL ASCERTAINED PROFITS!** + +&#x200B; + +Now, you're probably wondering exactly how effective this strategy is. That comes down to how much brokerage you're spending, which will easily chew your profit margin. If, like me, you use CommSec, I have followed the safe assumption of $30 brokerage ($10 to buy, $20 to sell, regardless of gain or less). + +&#x200B; + +Today is a momentous and grand day for all of us retards. Let us rejoice in the free tendies we find ourselves! + +&#x200B; + +**Edit: See comments for updates. I will now be providing them daily on the thread and continuing to post a new thread weekly.** +Has anyone been following the silver (SLV and physical) squeeze over on Wall St Bets? + +Apparently JP Morgan was fined $1 billion for blatant silver market manipulation and have active paper shorts on the futures market (something I don't understand 100%). + +Regardless, if you look at the Silver:Gold ratio, it is far lower than what the average is, suggesting some kind of detachment. +[https://optionsgame.com.au/](https://optionsgame.com.au/) + +Got an email from TradeFloor today notifying me that their options trading game has started. It's basically similar to the virtual trading game hosted by ASX, but focusing on options. + +I think it's a good opportunity for us who haven't dabbled in the options market to learn the ropes with some fake money, and with small incentives. + +It's legit as you can see one of the partners is ASX. +With a mutual fund, you have absolutely 0 control over what price you buy or sell at. They only sell after market close, for whatever price it's at. + +You can put in sell order to sell 100 shares of a mutual fund, but with recent volatility, you don't know if that will be $10,000, $9,000, $11,000, etc. + +Technically, ETFs can differ from the NAV too, especially during times of economic crisis, but that's very clear when you sell or buy. You can put in a limit order and be fine. + +With most brokers abandoning stock commissions, I can't think of a single good reason to use a mutual fund over an ETF. Prove me wrong. +One of the biggest challenges stated on this Subreddit is the actual FIRE'ing part. Despite having done all of the hard, arduous work to get to that status — many people find it difficult to FIRE (Some claiming to experience depression among other issues). + +Now in my opinion, this makes sense when you think about it. Even if many of us plan/will retire extremely early, we still need to work 10-20 years minimum. + +I'm curious to hear if anyone has or has heard of any stories where people were able to negotiate dialing back hours gradually over the course of a year (or a couple) before officially retiring. Imo, this is probably a more logical way of easing into it for most people, and it'll give you more time to figure out what you actually want to do with your time. +TL/DR: I like my job, but also mental health is really important. + +Edit: in case this confuses anyone else, the timestamp on my old post is showing up as 1yr ago on some devices. I believe this is because it was technically poster 1yr 11mo ago and some versions of Reddit app round down to the nearest full year. But it was indeed written in October 2020, and this is a (nearly) 2 year update. + +In October 2020, I made a [post](https://www.reddit.com/r/financialindependence/comments/jhe6va/i_left_a_faang_prefi_for_a_more_fulfilling_job/?utm_source=share&utm_medium=web2x&context=3) here that was fairly well received. I wrote that post 9 months after leaving a FAANG and, as the title says, I took more than a 50% pay cut, pre-FI, for a more fulfilling job. I’ve been thinking about doing an update post for the past year or so, and now the time feels right enough. Quick financial recap: Back then I was 25 years old, NW of around 200k-ish, and I felt I was just about coastFI. Now I am 27 years old, unsure of exact NW, especially now that I have to consider house equity, mortgage debt, and recent market volatility, but it’s gone up a decent amount - maybe to 240-270k depending on how you count the home equity (and if you consider markets from a month ago and not time of posting lol). Basically I’ve been able to save some, but not as much as I’d like - who’da thunk it’s harder to save money on a lower salary. + +# What’s happened since October 2020? + +I’ll start with some life updates. Apologies in advance for being a wall of text / stream of consciousness. I’ll put reflections later - this paragraph is intended to just be an info dump of the last 2 years. When writing that last post, my partner (now ex) and I were weeks from closing on a house. The closing went well, and I love the house. It is an old house (1910’s), but so far have had no issues. Since closing, property values have gone way up - just got a HELOC based on a valuation about 30% higher than we bought. I should be able to remove PMI next month, at the 2 year mark. My sister, who lives down the street, had my first nibling a bit over a year ago, and being an uncle has been wonderful. I am still working at the same place, still remote. My responsibilities kept expanding until I finally felt justified in asking for a title change to CTO, which was approved without question; it’s not super meaningful at a small research nonprofit (< 8 full time employees, but many part time and volunteers), but my previous title was pretty obscure so it’s great to have something clear and an obvious career progression for me. My salary has increased to about 103k - you may recall that my starting salary was 88k; not too shabby, but not tech sector executive level either! I now manage, at any given time, 3-6 part time engineers and student interns. I manage several projects, write statements of work for the consulting arm I started, manage some IT related stuff (I’m not the primary IT person at the org though), and individually contribute. As foreshadowed before, my partner and I have (recently) split up. I’ll get into that more later, but for now, I’ll just say we are on fairly good terms, and it didn’t financially wreck me. + +# Brief review of October 2020 post + +While rereading the old [post](https://www.reddit.com/r/financialindependence/comments/jhe6va/i_left_a_faang_prefi_for_a_more_fulfilling_job/?utm_source=share&utm_medium=web2x&context=3), I’d say I was (perhaps cautiously) optimistic about the future and the choices I’d made then. My takeaways were that I liked my job more than my FAANG job, but it was still a job. Some gushy statements about values, purpose, and fulfillment, and having faith in the future. + +# Do I still feel the same way? + +In a lot of ways, yes. In the last year, I’ve actually come to enjoy my new job more. At the time of writing the old post, I was being pushed to work on this one project that I grew to really dislike. Once that was finally over, things got a lot better. I eventually started a consulting arm of our nonprofit, where we help apply our research methods to other academic projects as contractors. I’ve been managing engineers in a much more real capacity, and I’ve found it really fulfilling. I significantly helped in this one grant application, which, if we get, could mean a fairly significant expansion to the org. I am still regularly coding interesting things as well, and generally working easy hours. + +The main thing that deviates from the points of my old post is that caring for my mental health was just as, if not more, important than having a job I found fulfilling (and, of course, the two are likely related in several ways). I’ve come to realize that I have had significant depression and anxiety, probably since I was a teenager. While I’d been to therapy a few times even before writing my last post, I never really got much out of it. It wasn’t until the Fall of 2021, when I finally talked to my doctor about it, was diagnosed with major depressive disorder, prescribed meds, and even took FMLA (medical leave), that things really started to improve for me. Just existing is not supposed to feel like a major struggle every single day! It’s such a simple statement but it’s really something that’s easy to forget when you’re depressed, especially when it’s been your “normal” for years or decades. + +My meds (an SSRI and a mild stimulant) really helped me from being stuck in such a low place. My improved mental state, therapy, and some shocking life events (the sudden, unexpected passing of my grandmother, and a cancer event with my sister (she’s doing well now!)) really brought some perspective in my life, which eventually culminated with me realizing how unhappy I was in my relationship. Since this is not r/relationshipadvice, I won’t get too much into relationship details, but I’ll say that my relationship was keeping me from doing a lot of things I wanted to do, and kept me stuck in some poor habits (that really fed my anxiety and depression) that were formed when I was mentally ill teenager. I have no ill will toward my ex. + +Since this is a financial subreddit, I’ll briefly go over the financial details of the breakup. We were not married, but we shared a house and vehicle. The house was technically in my name only, but we would have bought it together if it wasn’t for my ex being between jobs due to COVID at the time of applying for financing; we split costs and always treated it as co-owned. So, I’ve bought out their equity in the house and the car (subtracting some money that they owed me from something unrelated). All in all, it put me out < 25k; it’s not really a life-changing amount, but it’s nontrivial. + +Now that I have significantly better mental health, I am looking back at my career pivot with some more perspective. I still think it was a good choice, and probably the best for me at the time, given my poor mental state. However, I suspect I could have managed working my “unfulfilling” FAANG job if I had better mental health at the time. It was actually kind of an epiphany moment that led me to leave the job (in part from a self-help-ish book that I still very much appreciate), but given my extreme history with depression, what I think I needed more than anything was medication! Don’t get me wrong, I made great strides with self-reflection and learning to process my emotions. But, at least for me, my upbringing as an LGBTQ individual in a Catholic Texan family did not leave me well equipped to handle life without some significant intervention. + +So, I am doing much better now, mentally, and am more optimistic than ever about the future. I am back into a good fitness routine. I am going past my comfort zone and making new friends - something I found extremely difficult to do before with my anxiety, depression, and being able to use my relationship as a crutch. I don’t regret my career choices, and I really enjoy my job now. I also feel that, if I wanted or needed to, I could probably go back to the tech sector and get a pretty good job, coming in as a CTO with the diversity of experience I now have. Or, perhaps I’d be able to freelance / househack my way into coasting. (Or, as a young new single, marry rich!) + +A caveat to all this good, though, is that from a pure financial perspective, these QOL improvements might not be a good thing; my poor mental health in a lot of ways gave me tunnel vision for FI. Now, I am spending quite a bit more and saving less as I explore a lot of things I had not before. But, maybe that’s as it should be ? + +# Conclusion? + +I don’t know that I have a clear takeaway here, other than *really* investigate your mental health whenever you feel you really *need* a big life change. I’m not saying you shouldn’t trust your perceptions, knowledge, and beliefs, but if you’re fortunate enough to have decent food, a non-toxic home, and a non-toxic job that pays enough, yet still feel like it’s a struggle just to exist in the world, something isn’t right - and it might not be as straightforward a fix as a new job or new chore schedule. +The ride-sharing companies are subsidizing rides and overspending on technology, and soon their very business model may be upended in California. + +[https://www.marketwatch.com/story/the-path-to-profitability-for-uber-and-lyft-looks-more-like-a-dead-end-2019-09-20](https://www.marketwatch.com/story/the-path-to-profitability-for-uber-and-lyft-looks-more-like-a-dead-end-2019-09-20) +Baby XRP is a Tribute to the entire XRP Community! This is a long term project - Let's HODL together and keep earning XRP Rewards! + +The Developers are hosting a LIVE 1+ Hour AMA Session at 5 pm EST | 9 pm UTC on Tuesday July 13th + +Join us in voice chat on TG: [https://t.me/OfficialBabyXRP](https://t.me/OfficialBabyXRP) + +Bring any question you have to the table! We are here to listen to our community. + +&#x200B; + +We'll Discuss: + +\- XRP Rewards Distributed to Holders, how that turned out on our first week! + +\+ Our new updated plan to give rewards every 3 days now + +\- Marketing and Advertising Initiatives Current and Future Plans! + +\- Ask us Anything! + +Look forward to seeing you all! + +&#x200B; + +BabyXRP (Tokenomics): + +⚡️2% Burn + +Baby XRP is a deflationary coin, meaning that as time goes on the total supply will reduce. 2% of every transaction will be sent to a dead wallet being burned from the total supply forever, increasing the value of the remaining tokens + +💰 Marketing + +5% of every transaction will be sent to the marketing wallet, to be spent on future marketing and advertising, to ensure that we will continue to attract new investors and holders. + +Liquidity + +⚖️ 5% of every transaction will be sent directly to the liquidity of the coin itself, This ensures that the Liquidity keeps a healthy ratio in comparison with every holder and Marketplace. + +Ripple Effect.. XRP Rewards + +🔥 RECEIVE XRP REWARDS FOR HOLDING BABY XRP! + +Every 3 days all DIAMOND hand holders will XRP Rewards airdropped to their wallet based on their holdings percentage of total supply. + +&#x200B; + +USEFUL LINKS: + +🌐 Website - [https://www.babyxrp.org](https://www.babyxrp.org) + +🤯 CMC COMING SOON! Any DAY! + +🦎 CoinGecko - [https://www.coingecko.com/en/coins/babyxrp](https://www.coingecko.com/en/coins/babyxrp) + +🐦 Twitter - [https://twitter.com/officialbabyxrp](https://twitter.com/officialbabyxrp) + +🏛 Telegram - [https://t.me/OfficialBabyXRP](https://t.me/OfficialBabyXRP) + +💸 How to buy - Pancakeswap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8beAbaa4f025D00B4699d56a683758d692d17F20](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8beAbaa4f025D00B4699d56a683758d692d17F20) + +📊 BULLISH CHART - [https://charts.bogged.finance/?token=0x8beAbaa4f025D00B4699d56a683758d692d17F20](https://charts.bogged.finance/?token=0x8beAbaa4f025D00B4699d56a683758d692d17F20) +https://edition.cnn.com/2021/12/02/business/inflation-chip-shortage-raimondo/index.html + +the Biden administration is championing the CHIPS for America Act, a $52 billion bill that would encourage domestic semiconductor production and research. + +"The shortage has exposed vulnerabilities in the semiconductor supply chain and highlighted the need for increased domestic manufacturing capacity." + +In recent months, Apple, Ford, General Motors and other companies have been forced to slow production of their products in large part due to the chip shortage. + +The chip shortage has significantly contributed to the biggest inflation spike in three decades. +This is the 6th update in my journey to making $500/month passively (spending less than 1hr a month) by writing covered calls. + +It all started when I read [this post by CarlSagan79](http://www.reddit.com/r/investing/comments/oe86p/heres_how_to_make_500month_in_passive_income_on/). + +My portfolio currently consists of 500 shares of MCD that I purchased at $100. + +Last month I collected $350 in dividends, and only $7.50 on covered calls because MCD's price had fallen significantly below $100 so writing $100 calls didn't yield much. + +So total cash collected last month: $357.50. + +Totals by month so far: + +* Month 1: $980 + +* Month 2: $897.5 + +* Month 3: $322.5 + +* Month 4: $72.5 + +* Month 5: $357.5 + +Grand total: $2630. ($526 per month on average). + +This month (Jun-Jul) I followed [uwastemytime's advice](http://www.reddit.com/r/investing/comments/tz6xd/i_read_how_to_turn_50k_into_500_passive_income/c4qysdg) and on Monday I wrote 5 July $95 contracts at $0.21 a piece. Cash made: $105. Fees: $17.50. Total: $87.5. + +I'm taking a significant risk here because if MCD reaches $95, my stock will be exercised and I'll have all my 5 month earnings basically wiped out as I bought the stock at $100, and it would get exercised at $95. I don't think that will happen this month though. + +As you can see, I'm still averaging over $500 a month over 5 months, which is good. Though the next month the average will fall below $500. + +Here are the links to all previous updates: + +* [First post](http://www.reddit.com/r/investing/comments/oibje/i_read_how_to_turn_50k_into_500_passive_income/) + +* [Update 2](http://www.reddit.com/r/investing/comments/pxo13/i_read_how_to_turn_50k_into_500_passive_income/) + +* [Update 3](http://www.reddit.com/r/investing/comments/rg8cd/i_read_how_to_turn_50k_into_500_passive_income/) + +* [Update 4](http://www.reddit.com/r/investing/comments/soe5r/i_read_how_to_turn_50k_into_500_passive_income/) + +* [Update 5](http://www.reddit.com/r/investing/comments/tz6xd/i_read_how_to_turn_50k_into_500_passive_income/) + +See you next month! + +Seems like every auction in person or online trots it out: + +"Make no mistake, this will be sold" +"Make no mistake, this is rare offering" +"Make no mistake, this is the last call" + +My favourite is the first one, then the property gets passed in. Mistake made, I guess. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Wife and I are thinking about starting to try for a child and I'm curious as to how much having a child changed everyone's budgets? There will obviously be added costs for diapers, food, daycare, etc. but I'm also thinking other budgets may be able to be decreased for a while (going out to dinner, entertainment, etc.). + + + +Would love input from everybody on how to plan for this and what advice you would give me. Are there things nobody thinks about that I should consider? + + + +EDIT: The reason I ask is because my wife is considering a job change. It would be doing something she loves but would come with a $1,200 a month (take home) pay cut. And she would not get paid maternity leave (which would be really rough). It would also be three days a week instead of five. Those other two days she could stay home with the child and save on daycare expenses. Also, my mother is a daycare provider that lives a few blocks away. We will still pay her but it should be significantly less than any other option. +Fiance and I who are both in our mid 20s just bought a house for $250k w/ 5% down, and we make a combined $120k/yr. After matching in our 401k accounts (\~12k/yr) should we be putting money into our Roth IRAs or more into the principal of the house since the mortgage is 6.75% and the S&P500 does somewhere in that range or better (however not guaranteed)? + +My look is that paying the mortgage down now is a guaranteed 6.75% return on our money while the stock market can be quite volatile. We are probably going to outgrow this house in 5-6 years so having some equity in the house would be great when selling vs having retirement money tied up until we're 60. We already have 10k in our emergency fund, no debt besides the mortgage, her parents are paying for the wedding, so I'm trying to figure out how to best use our money. +I am not some kind of dude who pushes people into investing and appearing like some financial guru. But when i tell my friends and family about the long-term benefits of index investing, it seems like most of them hate listening to it. It's not just that they aren't interested. It's more like they want to actively ignore it. My brother even becomes defensive and a bit insecure to the point that he tells me to focus on my career rather than earning pennys on risky gambles (referring to my investments lol). + +I am just trying to help people out. But it's as if people don't want to know more about the smart things they can be doing with their money. +Over the last year e.g. used cars, timber, recently gas and uranium have exploded in price. Especially the timber and uranium charts look like classic bubbles. Is there a way to gauge how much of that price increase was due to "real" supply constraints, i.e. producers / logistics not being able to supply the real demand by consumers of the product, and how much was due to speculators buying up supply to artificially produce a shortage? +This is not financial advice. Capital at risk yadayada + +With Sears and other delisted companies recently getting a lot of attention both here and on Twitter, many of you are probably wondering how is this relevant to the GME saga. I think I know why this company and possibly other companies that have been shorted to delisting may be the catalyst that drains the SHF of their cash and is one of the final nails in the SHF coffin. Titties jacked, as always. + +A lot of you people have hyped up a NFT dividend because with it RC could prove that GME is naked shorted, because all short sellers must pay the dividend's worth to the DTCC to distribute for every share that they are short of, but with NFTs it wouldn't be possible due to every single one token being unique. Keep this in mind. + +A few smarter apes have thought that there is a naked short selling scheme in place for the SHF to bankrupt a lot of companies and then get huge amounts of cash with the bankruptcy jackpot, which is a loophole where the SHF in theory doesn't need to close their short position, meaning there is no taxable gain (privilege of the prime brokers who have instant access to the money gained from short selling). This scheme includes using bought corporations' credit lines to buy other companies' majority ownership, installing bad faith actors on the boards of these companies (primarily CEO/CFO positions), giving out lavish bonuses and generally wasting all of the company's assets and increasing liabilities, shorting and naked shorting these companies until they reach $0 or close to it and are delisted (not necessarily in that order). + +How the scheme works is described in these Superstonk posts: + +[Amazon, Bain Capital and Citadel Bust Out the Competition](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) by /u/jumpster81 + +[Hedge Funds Stole the American Economy & Created the Richest Man in the World](https://www.reddit.com/r/GME/comments/ngafr3/hedge_funds_stole_the_american_economy_created/) by /u/AvidTreesFan + +Courtesy of [The post about Gamestop being a victim of Jeff Bezos - this time with text!](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) by /u/tophereth + +This whole scheme has a lot of moving parts and obviously not everything is done by just one evil corporation or individual, but by a bunch of them working together, so, mistakes are bound to happen. + +For the SHF - Sears was a fucking huge mistake. And I think it's the hay bale that broke the camel's back. + +Normally, the installed bad faith actors in the board of the targeted company would work diligently to make sure the company's liabilities>assets before bankruptcy. But with Sears they fucked up in this regard. One person who draws attention to this is Eric Moore, who specializes in buying stock of bankrupt companies to get that juicy bankruptcy dividend (when assets>liabilities). His own description: + +&#x200B; + +https://preview.redd.it/1j8k1etby9l71.png?width=1108&format=png&auto=webp&s=e00d4032e1761f5b4d904e156f3bca54ba78f0eb + +Here's a MSM article about this (replace the $ with s, automod likes to remove posts with that word): + +[Sears Holdings: How To Buy 17 Dollars For 17 Cents](https://$eekingalpha.com/article/4392995-sears-holdings-how-to-buy-17-dollars-for-17-cents) by Eric Moore. + +Honestly, I don't blame them, the explanation for Eric's thesis is quite complex. I don't really understand the hard parts, but maybe somebody less smooth can corroborate. + +So, if you believe that the SHFs are naked shorting companies into oblivion and they didn't close a lot of their positions to avoid taxes, they are bound to owe the DTCC a lot of money for dividend redistribution. Or, more precisely, $3.5bn per shares outstanding shorted. + +It's possible that the recent run-ups since January could be related to them trying to close out their positions just so they wouldn't have to pay so much money in dividends, but time will tell if that is even possible for such an illiquid stock. Another possibility is the use of portfolio swaps that makes these stocks go up and down, alongside GME and co. + +&#x200B; + +[Wut doing, SHF algos?](https://preview.redd.it/q30j3dqqz9l71.png?width=1409&format=png&auto=webp&s=220be3a069413c393b49eab377f04db586b6f2d8) + +Either way, depending on how taxes work (idk, how do they work?) it may mean they would need to either pay capital gains tax on their gains or pay the dividend. + +I do not believe that they are in a position to easily pay off the DTCC or IRS, if these SHFs are the same that shorted GME and other "meme stocks". This could potentially be a catalyst for a failed margin call. + +~~By the way, retail investors do not have a way to buy Sears shares anymore anyway, so, this by definition, cannot be a shill attempt.~~ I believe that GME is the real squeeze. Apparently, US apes can't buy Sears and a lot of other delisted stocks, but Frankfurt exchange still offers German apes to buy in. + +TL;DR: + +It's possible that Sears was naked shorted. Sears bankruptcy plan may mean that $3.5bn is given to shareholders with dividend. If short positions are still open, SHFs owe a lot of money to DTCC who would distribute it to every shareholder. If SHFs decide to close positions to not pay dividend, it may be very hard to close all of them without jacking up the price and maybe they will need to pay tax on all positions closed. Possible catalyst. Hedgies r fukd +Reference: [Hold the Strike Strategy](https://steadyoptions.com/articles/selling-puts-the-good-the-bad-and-the-ugly-r416/#:~:text=what%20does%20one%20do%3F,until%20the%20strike%20is%20recovered.) + +I can't help but think the above could be done with SPX put credit spreads. + +Say width of 10 ($1000). Currently the March 4400/4390 gets a credit of ~3.45 (I'm quoting the mid shown to me on schwab). Is there any reason I couldn't open 1 of those, then in a month roll to the April 4400/4390, and etc? Even if SPX continues to go down and both strikes become ITM there's still a credit when opening and eventually after long enough you will have collected more premium than the $1k at risk. Even if we're in the beginning of a hypothetical bear market and it took 5 years before SPX again got back above 4400... if this is rolled to the same strike every month I feel like there's still money to be made. Tell me why this wouldn't work. Thank you. + + +edit: Thank you for the responses. I figured there was something I was missing. I feel like I have a pretty good grasp on the greeks, etc and yet then ya try and diagram how spreads will act and come up with something totally different from what you were expecting. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I only recently came across (SUN) Sunoco. The company has a very high dividend yield of 8.29% and a payout ratio of 64%. Wondering what you guys think of the company and if the growth and yield is sustainable long term? +I went to check my credit score this morning just out of curiosity. I have never owned a credit card, and only turned 18 a couple of months ago. As soon as I see my score I realize that first of all, it’s bad, and second of all there’s a credit card linked to me that I don’t own and have no knowledge of. The card has $757 spent on it out of a 750 credit limit. It’s a discover card, so I call discover immediately and report it. They tell me a card does come up under my social security number with my name, but the email on the card is not mine and the address. The lady from discover tells me the email, and it’s my moms!!! The address is also the place she is residing at, but she doesn’t own the house it is a friends. The lady says they will open up an investigation and send something to a credit bureau to get it off my score. She also suggested filing a police report. My mom is an alcoholic, she also takes medication for anxiety depression and bipolar disorder. She lives with a friend because she is broke, has no job, and her house was foreclosed. She went bankrupt a couple years ago as well but I think the 7 years are up by now. Should I file the identity theft police report? I feel so horrible because she is my mom and obviously is not in the right head space. But I don’t know what more to do. I never really see her and avoid speaking to her. I wasn’t planning on saying anything to her about it, but I texted my brother, aunt, and grandma. My brother was quick to text my mom something about it. She texts me and says “do not file a report. I got you a credit card with a small amount for you to use”. Like what??? I had no knowledge of this card and it’s been open for two months and is maxed out!!! What do I do. +This is from his latest podcast with Laura Shin. I was surprised to hear this as I had been under the impression for a long time now that it would be roughly 5-7%. + +edit: +LINK: https://itunes.apple.com/us/podcast/unchained-big-ideas-from-worlds-blockchain-cryptocurrency/id1123922160?mt=2#episodeGuid=c616ecd7b2df6bcebeeeed77ec53a101 + +edit2: starts @ ~35:20 +What few tips/events significantly changed either your perspective on money management or the way you handle your money? Looking for things that you read/did/learnt about and then when you did them you have never looked back + +Bonus points for ones that are a bit whacky/surprising + +I'll start: + +1. Barefoot Investor - money buckets - [link](https://medium.com/@yousseftd/managing-my-money-barefoot-investor-style-d629b3bc0b01) +2. Shopping at Lidl +3. Selling first item on ebay +[ EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years \(2018 & 2019\) - Month Twenty-Two - Down -81%] + +[Full blog post with all the tables](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-two-years-2018-2-xxromn) + +tl;dr - Thanks to some good news out of China, October produced gains which snapped a three month losing streak. $1000 investment in Top Ten cryptos on January 1st, 2018 is now worth about $192. **Bitcoin** maintains overall leader position followed by **Litecoin** then **Ethereum.** Take the two Top Ten experiments together, I'm down -21%. + +\*\*NOTE\*\* - I usually like to release the two posts a day apart, but I'll be spacing out the Top Ten 2018 and the Top Ten 2019 reports a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is quite similar, I assume the posts are being removed because they're seen as identical. \*\*END NOTE\*\* + +# The Experiment: + +Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. + +I have also started a [parallel project:](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-2019-month-nine-xyqkqe) on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st *2019*. Spoiler alert: the 2019 Experiment makes for much happier reading. + +# The Rules: + +Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment two years. Hold only. No selling. No trading. Report monthly. Compare loosely to the [2019 Top Ten Experiment](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-2019-month-nine-xyqkqe). + +# Month Twenty-Two - Down 81% + +Thanks to some positive news out of China, October decisively broke a three month losing streak for the 2018 Top Ten portfolio. All cryptos in the experiment were either up or flat this month, a welcome change from summer's downward trend. + +# Ranking and October Winners and Losers + +Although the market as a whole gained, a few of our 2018 Top Ten coins had trouble keeping up. **IOTA** and **NEM** each dropped two places to #18 and #27, respectively. **Dash** slid three slots, and now teeters on the edge of the Top Twenty. On the positive side **Bitcoin Cash** gained one position in the rankings, climbing to the four spot. + +*October Winners* \- **Bitcoin Cash** rebounded nicely after a dismal September finishing +29% up on the month. **Ripple** and **Stellar** had solid months as well, ending October at +16% and +14% respectively. + +*October Losers* \- Only **IOTA** lost value this month, down -1%. Along with **NEM** and **Dash**, the three were basically flat in October. + +For those keeping score, here is tally of which coins have the most monthly wins and loses during the first 22 months of this experiment. Most monthly wins (5): **Bitcoin**. Most monthly loses (5): **Stellar**. All cryptos have at least one monthly win. The only two coins never to lose a month? **Bitcoin** and **Dash**. + +# Overall update – Bitcoin far ahead of peers. Four worst performers down over -90% each, NEM still in basement. + +**Bitcoin** is still miles ahead of the pack maintaining a *40+ percentage point lead* over second place **Litecoin** and third place **Ethereum**. This isn't even the widest lead **Bitcoin** has held since I started the experiment nearly two years ago: August 2019's +50% lead is still the record. + +Looking through my past reports, poor **NEM** has been stuck in the basement all year. Since January 2019 is has been the experiment's worst overall performer. **NEM** is currently down -96% followed by **Cardano**, **Dash**, and **IOTA** all down over -90% since January 1st, 2018. My initial $100 investment in **NEM** is worth just $4.49. + +40% of the cryptos that started 2018 in the Top Ten have dropped out, specifically **NEM, Dash, IOTA**, and **Cardano**. They have been replaced by **EOS, Binance Coin, Tether,** and **BTCSV**. + +# Total Market Cap for the entire cryptocurrency sector: + +Breaking a three month losing streak, crypto ended October in positive territory, up about +$26B by month's end. The overall market cap is sitting around the $248B mark, rebounding to September 2019 levels. Since January 2018, the total market cap is down -57%. + +If you're looking for a silver lining, followers of my [2019 Top Ten Experiment](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-2019-month-nine-xyqkqe) will note that there has been an increase of +74% in total crypto market cap since the beginning 2019. + +# Bitcoin dominance: + +**Bitcoin** dominance ticked down slightly in October, but no major shift from last month. For context, the range since the beginning of the experiment in January 2018 has been quite wide: a high of 70% in September 2019 and a low of 33% in February 2018. + +# Overall return on investment from January 1st, 2018: + +After three straight months of loses, the portfolio gained a modest $17 in October. If I cashed out today, my $1000 initial investment would return $192, down nearly -81%. + +The 2019 Top Ten Experiment is doing a bit better. If I cashed that experiment out today, that $1,000 initial investment would return $1,387, a +39% gain. Full October report to come. + +Taken together, here's the bottom bottom line: **after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,579.** + +That's down about -21%. + +# Implications/Observations: + +As always, the experiment's focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -%57 from January 2018, the cryptos that began 2018 in the Top Ten are down **-81%** over the same period. + +At no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-two months compared to the market overall. + +I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is now up +15.2% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$152 had it been redirected to the S&P. + +# Conclusion: + +Thanks to the news out of China, October ended up breaking the streak of three consecutive months of downward movement for crypto. Again, this shows that unpredictability is the norm in crypto: we seemed on track to continue the downward trend until the end of the year. With two months left in the year, will the October gains hold? + +Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my [parallel project](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-2019-month-nine-xyqkqe) where I repeated the experiment, purchasing another $1000 ($100 each) of a new set of Top Ten cryptos as of January 1st 2019. +I have 18 credit cards which an overwhelming majority are and have been at a zero balance. I get them for bonuses and specific deals when need be and then just never use them again. I have a mortgage and 2 car payments. Revolving utilization is at a steady 5-15 percent. I only use a couple of them frequently and have them set to pay balance every statement. A couple I have them for special 24-48 month special 0 percent financing so that where I carry a balance. Credit score hovers around 775-800. + +Is there any reason to not close cards? How do I get my score into the mid 800's? I honestly don't envision anything in the near future that would require me to have a perfect score but you never know. +I'm 24, she's 22. We just had our first child 4 months ago. Wasn't planned but we're doing alright. We moved back into my parents place a year ago because we knew we'd need the money. Planning on moving back out here in a month or two. + +Me: IRA, $20k I maxed the cont. this year 95% stocks, large growth. +6K between checking and savings. +Credit card, $140 balance, should have it paid off in 2 months. +2nd credit card for a Macbook I bought 2 years ago. Yes 2 years, did a balance transfer so it's 0% interest but I owe 600 on it. +2000 in student loans, no interest right now. +I owe 6900 on my second car (dad mobile Kia Rio 35mph). +Thats it for me. + +My fiancé has no debt, and 2000 between checking and savings. + +This is where our often argument stems from. I honestly think if I didn't stay on her throughout the entire pregnancy to stash away her cash, she'd probably have zero savings right now. She gets mad anytime I even bring up the subject. I tell her we don't need to shop at x grocery store because its too expensive, she gets mad. I mention we don't need to buy anything if it isn't on sale, she gets mad and says "all I care about is money." + +I've tried to inspire her by just asking her to google pictures of the places she'd like to travel to, where she'd like to live, and then tell her that can happen but we have to live like no one else now so we can live like no one else later. + +That doesn't work for her. The minute she has no money her first instinct is take money out of savings, and not, do I really need to buy this. + +I want to be with someone who will work as hard as I will for retirement. I want to be DONE by the time I'm 40 and I think I can definitely accomplish that. + +I'm a graduate of the US Army Ranger School, I've been in the Guard for a few years, so I may be going active duty here in a month or so. If not I'm a year out from graduating with a finance degree so if needs be I'll take a job with that until I go active in the Army. + +Fiance' is in school for nursing, 2 years out. + +Any tips on how I can get her on board? + + +Edit/Update: + +Thanks for the much needed advice everyone. + +I like the future/dream/motivation advice. When we've talked about traveling before, I could tell she was really interested and also knew that traveling costs money. Her being at home with our child really helps too, she'd probably be a stay at home mom if she could. + +I'm going to take a step back and just lead by example. I understand she has no debt so that's great, but there were plenty of times lately, and during the pregnancy where she was about to spend every single bit of her savings on things. + +My first car was paid for by my parents, I bought a second car that gets almost twice the MPG, and is packed with airbags unlike my other car that hardly ever gets drove now. I put my first car in storage on the insurance, and with my first car being a v8 coupe, I actually pay less than I did before with it AND my new 4cylinder. + +I'm still paying on my laptop because it was originally like 3% interest or something, so I did a balance transfer to a 0% card to keep building credit and get another good account on my report. + +Again thank you all for the help, I do NOT want to do life without her and my child, so I'm willing to work to get us both on the same page in regards to finances. + + +I just bought a 3 bed/ 2 bath to rehab and rent out in the high desert of California. I just watched a video yesterday how rivers in Colorado and even all over the world are drying up. + +&#x200B; + +What's everyones thoughts on this as we'll prob get more heatwaves in the decades to come. Specifically your thoughts on buying in the high desert lol. +I am now 26 as of April 26 with 11 properties and want to know the next step on growing my real estate business. You might ask how I got into real estate at such a young age well I lost my parents at the age of 18 and bought my first duplex. I literally have done all the work from top to bottom and never paid myself just put the money back into the bank and bought more properties. The properties I own I rent to either retirees or blue collar workers. The rent ranges from 650-900. I am financially free and have no debt. I just want some feedback on what to do next. Where do I find like minded individuals that talk business and real estate my age? +&nbsp; +# 💲 $WINLAMBO 💲 + + + + +&nbsp; + + + +Welcome to WINLAMBO. A smarter way to RFI! +Every day a new RFI fork launches with no definite goals or plans to achieve them. + +&nbsp; + +*This is different* + +&nbsp; + +Here at WINLAMBO we have a definite purpose. Our purpose is to send out lambos to the community like the Chad Oprah Winfrey. + + +And we plan on doing just that by incentivizing continuous volume with a daily jackpot! + + +With each transaction that happens, 4% of the transaction is swapped to BUSD and sent to the LAMBO fund. + +When the LAMBO fund has 210,000 BUSD, enough for a spankin new 2021 Huracan EVO, a winner is chosen by random and is sent the full amount. + +###FYI: There is already a Lambo Jackpot worth $210k BUSD ready to be sent to 1 lucky winner on Sunday!! + +&nbsp; + +##🔥 REFLECTION 🔥 +- 4% goes to the Lambo fund. (This will be 10% the first day of launch but then switched to 4% after). +- 4% goes to the Daily Jackpot fund. +- 2% goes to marketing. +- 2% goes to WINLAMBO holders. +- 2% goes to the WINLAMBO-BNB Liquidity Pool. +- 1% goes to the team. + + +&nbsp; + +First day will have a 200,000 token transaction limit as anti whale measure + + +##✅ HOW TO PLAY ✅ +- Your tokens are your tickets. + + +- When you buy or receive WINLAMBO, you get tickets. + + +- When you sell or send WINLAMBO, your tickets are destroyed. +- The more tokens you hold at the time of the draw, the more tickets you have! +- Tickets are verifiable on chain +- Lambo Fund is a 5 man multi-sig wallet with various members of the community so the team can’t run away with tokens +- PAID IN BUSD so you don’t have to worry about the winner dumping price! + + +&nbsp; + +## 💸DAILY JACKPOT💸 +Most RFI forks hit a sticky point where volume dries up worse than your grandma! We planned for that. +All we want is continuous volume to pump out Lambos. + + +Enter the Daily Jackpot! Super volume incentivizer! + + +Volume leaders 1, 2 and 3 will receive 15 percent, 10 percent, and 5 percent each, respectively. +The remaining 70 percent of the daily distribution will be divided into 7 draws of 10 percent each. + + +The Daily Jackpot winners will be determined and announced every day at 0:00 UTC (12 AM UTC) in the WINLAMBO official telegram group. + +&nbsp; + + +## ⏰ LAUNCH TIME ⏰ +Friday, May 28 - 16:00 UTC + + +Contract +0x6A79E08db6c08b8F88703794bF1a47f5a01eB9dC + + +❗️ SUGGESTED SLIPPAGE: More than 23+% + + +❗️ MAX TX AMOUNT: 200,000 WINLAMBO per transaction + +&nbsp; + +Disclaimer: This is a second launch! + + +Basically, the extremely high amount of buy volume combined with a low max transaction amount caused the reward collection contract to fill up with rewards so fast and quickly that it wasn't able to sell them. The rewards collected were so much in such a short period of time (within seconds) and selling them would cause massive slippage over 49%. Pancakeswap V2 doesn't allow slippage over 49%.. This ended up with holders not being able to sell either because of the build-up. An extremely unfortunate situation that was very hard to predict. + + +A solution we had was to lift the max transaction amount for holders, however, when that was applied only the rewards contract was able to sell and it sold off everything at once causing a massive dump in price. We decided to take a snapshot post dump of all token holders and relaunch with the same price prior to dump and same market cap with all the issues fixed + +&nbsp; + +Socials: + +Website: https://winlambo.fund/ + +Twitter: @WinLamboBros + +Telegram: @winlambo_official + +Medium (goes into all the details): https://winlambo.medium.com/ +Hello r/cryptomoonshots! I’m excited to announce a newly developed twist on deflationary tokens: **ELONPEG**. This token features the standard taxation/reflection mechanics (detailed below), but also an innovative framework for automatic burn: every time Elon tweets, the Burn Vault will automatically burn 0.5% of its supply. Just like USDT is pegged to the US Dollar and your mom pegged your dad, ElonPeg is pegged to volatility-inducing Elon tweets. + +**WEBSITE: https://elonpeg.com** + +A quick note about me: My name is Steve, and I’m an IT executive, hobbyist crypto dev, and have been involved with crypto since the early days of BTC (2012, you can check my post history). You’ve probably seen me here talking about Fox Finance where I remain a Tech Advisor, but I’ve teamed up with some amazing crypto-junkies to launch an LLC, and with it ElonPeg and its amazing automation capabilities. + +# **🔥 So, what makes ElonPeg special? 🔥** + +Let’s get the basic tokenomics out of the way (also on the site): + +* 9% tax on every transaction: 3% to holders, 3% to liquidity, 3% to marketing, events, and carbon offsetting +* 1 Trillion total supply, 500Bn has been sent to the BurnUponTweeting contract, and 420Bn will be up for grabs +* The BurnUponTweeting contract (audited along with the token) which is called the Burn Vault starts with half the total supply. Every time Elon tweets, the function ElonTweeted(tweetId) is called, burning 0.5% (adjustable) of the Burn Vault supply. +* In order to ensure the supply in the Burn Vault is still in circulation, all burn transfers will incur and pay out from the tax. Additionally, a "reclaim" function was added allowing a 2% withdrawal to the marketing wallet only every 50th Elon Tweet. It’s doubtful it will ever be used unless begged to by the community for a major marketing/event push! + +BurnUponTweeting has been extensively tested in Testnet and we’re all pretty excited about it. Elon Tweets are picked up within minutes, kicking off a process that burns the required amount, stores the tweet ID in the burn transaction record, [and sends alerts to the Telegram channel](https://imgur.com/a/kkOvHOq). We also hope to have this retweet and announce on Twitter in the future. You can read more info on the site and lite paper at elonpeg.com + +# **📈 Tell Us About the Presale 📈** + +The presale will be hosted on dxSale and will begin at 2PM UTC (in about 13 hours from this post) on June 3rd. Here’s the details: + +* Soft/Hard Cap: 300/600BNB +* Min/Max Buy-in: 0.1BNB/2BNB +* Length: 4 hours +* Liquidity Lock: 80% +* Presale Price: 399,100,324 ELONPEG per 1 BNB (9% less than on Pancakeswap opening) +* Liquidity add to Pancakeswap an hour after the Presale ends + +The unlocked liquidity portion will be used to spin up some major marketing post-launch, and begin planning events. Also we’ve seen a lot of folks ask why dxSale. Yes, it’s a crazy platform with a ton of degens on it. But it’s also decentralized, quick, with a low barrier to entry and no tiering. We’ll be creating the presale and sharing the link 10 minutes before the start of the presale via social channels. + +# **👀 How safe is this? 👀** + +As always, the crypto world and the BSC can be fraught with scams and honeypots. Do your own research, come chat with us, whatever you need to feel comfortable. The team is highly responsive and extremely helpful and knowledgeable and the Telegram is very lively. Feel free to dig through my post history too! + +ELONPEG does take security seriously. All contracts and the marketing wallet have been created from a Ledger hardware wallet, BurnUponTweeting was created to ensure half the supply isn’t just sitting in a Metamask somewhere, and have run through countless tests on Testnet and revisions with auditors to ensure everything is exactly as it should be for the presale and launch. + +# **📣 More Details 📣** + +**ElonPeg Contract:** https://bscscan.com/token/0xC18994df2Dfd0C2767bB1758bAe83e95762bBea3 + +**BurnUponTweeting Contract:** https://bscscan.com/address/0xB016dE73a65eEF0C7D2f0a7BF236803e637e655D + +**Presale Link:** Will be posted to our social channels 10 minutes prior to presale (June 3, 9:50AM UTC) + +**Website:** https://elonpeg.com + +**Litepaper:** https://elonpeg.com/wp-content/uploads/2021/06/ELONPEG-Litepaper-06022021.pdf + +**Pre-Launch Audit:** https://github.com/TechRate/Smart-Contract-Audits/blob/main/ElonPeg.pdf + +**Telegram:** https://t.me/elonpeg + +**Twitter:** https://twitter.com/elonpeg + +**Instagram:** https://instagram.com/elon.peg +Mindspace Business Parks REIT draft offer document has been published. + +https://www.sebi.gov.in/filings/reit-issues/dec-2019/mindspace-business-parks-reit-draft-prospectus_45531.html + +With Embassy Office Parks REIT doing pretty well after almost 1 year, this I believe is the 2nd REIT coming to the market. + +What are your thoughts? +Have been looking to buy a 2 bhk flat in a tier 1 city.Supposing I have the money loaded,would post covid be a right time for me having been put off by builders not willing to give big discounts even with plenty of unsold inventory,to stick a rusted knife into these fat ass builders and get the bargain of a lifetime? +Any inputs from those tracking the real estate scene would be appreciated. +[https://minance.com](https://minance.com) + +&#x200B; + +They offer the following investment categories: Arbor, Bloom, Global Equities, MFs, and Private Assets. I have no idea what even half of these mean, but I am doing my research currently. At the moment I am far from having Rs. 5L to invest, but this site's claim of making the investment strategies of the ultra rich accessible to individuals got me interested. + +&#x200B; + +Can anyone on this sub share the cons of investing through such a site? +Kashmiri here. + +All of my family invest solely in real estate. They say it always goes up. My dad bought a piece of land at 7 lakh in 2014 and says he can sell it at 40 lakhs today. + +In Srinagar, the land prices for 1 kanal (1/8 acre) is easily 1+ cr (even 2+ cr in some parts). + +People suspect after article 370 abrogation prices would go even higher. + +Is it really so safe to invest here? +Classifying cash into bigger or smaller chunk is subject to each one's needs but following is an observation from my personal experience. + +I usually transfer money in USDs held in Fidelity (A US based financial services company) account to my Indian bank account. This amount is from the earnings from my company stock plan maintained by fidelity. The transfer happens using a bank specific code called SWIFT code. +Have noticed that the credited amount is always $10 to $20 less. For ex. If $1000 is transferred from fidelity, Indian bank statement would show it as "inward remittance of $980". Note that wire-transfer and currency conversion charges are deducted separately and are shown in transaction statement. + +When contacted, Fidelity says they transferred $1000. Local bank says they received $980, so then I don't know whom to ask and where to check. The deducted amount is not shown in any statement, it just vanishes in thin air! If someone on this sub knows where it goes, please educate me. + +However, the point I am trying to make is that transferring funds in this way comes with a fixed cost regardless of amount transferred. So, it is better to transfer in bigger chunks than smaller. +Edit: Grammar. +Edit2: Just to make it clear, I'm a resident Indian. I live and work from India. I don't have American SSN. +> India Ratings and Research (Ind-Ra) has downgraded Vodafone Idea Limited’s (VIL) Long-Term Issuer Rating to ‘IND BBB’ from ‘IND A+’ and simultaneously placed it on Rating Watch Negative (RWN). The Outlook on the earlier rating was Negative. The instrument-wise rating action is as follows: + + +> Non-convertible debentures (NCDs) 8.25 10 July 2020 Downgraded; placed on RWN + + + + + +https://www.indiaratings.co.in/PressRelease?pressReleaseID=39039&title=India-Ratings-Downgrades-Vodafone-Idea-and-its-NCDs--to-%E2%80%98IND-BBB%E2%80%99%3B-Places-on-RWN + +> According to data from Rupeevest, 31 schemes have exposure to Vodafone Idea. As a percentage of assets, exposure is highest in Fixed Maturity Plans (FMPs) of Nippon India Mutual Fund (ranging from 7-11%). Among open ended funds exposure is highest among debt schemes of UTI mutual fund, as a percentage of assets. UTI Bond Fund has a 8.61% exposure, UTI Regular Savings Fund has a 5.85% exposure, UTI Credit Risk Fund has a 5.22% exposure and UTI Medium Term fund has a 4.92% exposure. + +> Franklin India Credit Risk Fund, Franklin India Income Opportunities Fund, Franklin India Short Term Income Plan and Franklin India Dynamic Accural Fund have exposures of 4.39%, 3.56%, 3.54% and 2.18% respectively. Some of the schemes may have reduced exposure over the past month. +BITCOIN AT THE MOMENT +44000 unconfirmed transactions Source: https://blockchain.info/unconfirmed-transactions. + +236 Kwh pr transactions. https://digiconomist.net/bitcoin-energy-consumption. + +7.99 U.S. households can be powered for 1 day by the electricity consumed for a single transaction + +. + +Average transaction fee: 5.8 USD https://bitinfocharts.com/comparison/transactionfees-btc-eth.html + + +. + +vs + +. + +ETHEREUM AT THE MOMENT +56 pending transactions https://etherscan.io/txsPending. + +54 Kwh. pr transaction https://digiconomist.net/ethereum-energy-consumption. + +1.82 U.S. households can be powered powered for 1 day by the electricity consumed for a single transaction. + +. + +Average transaction fee 0.014 USD https://bitinfocharts.com/comparison/ethereum-transactionfees.html + + +. + + + +At last the ETH are currently handling over 500 k tx's almost 60 % more transactions than BTC. +https://i.imgur.com/J50Pfiz.png + + + + + + + +BITCOIN AT THE MOMENT +44000 unconfirmed transactions Source: https://blockchain.info/unconfirmed-transactions. + +236 Kwh pr transactions. https://digiconomist.net/bitcoin-energy-consumption. + +7.99 U.S. households can be powered for 1 day by the electricity consumed for a single transaction + +. + +Average transaction fee: 5.8 USD https://bitinfocharts.com/comparison/transactionfees-btc-eth.html + + +. + +vs + +. + +ETHEREUM AT THE MOMENT +56 pending transactions https://etherscan.io/txsPending. + +54 Kwh. pr transaction https://digiconomist.net/ethereum-energy-consumption. + +1.82 U.S. households can be powered powered for 1 day by the electricity consumed for a single transaction. + +. + +Average transaction fee 0.014 USD https://bitinfocharts.com/comparison/ethereum-transactionfees.html + + +. + + + +At last the ETH are currently handling over 500 k tx's almost 60 % more transactions than BTC. +https://i.imgur.com/J50Pfiz.png + + + + + + + +***UPDATE: After going back and forth with the credit union I was pretty much told they were not going to check into the counterfeit bills and that any resolution I would get I would not be happy with. Word for word the branch manager said "You're not going to be happy with any resolution we come to." I told him okay, but I'm filing a complaint to the NCUA and filing a police report and terminating my business. The call ends, then a few hours later I get a voicemail saying to send a copy of the receipt from Bank of America showing the confiscated bills. I do this and then two days later my funds are restored. I am satisfied with this result enough to cancel my complaint, although there may be other bad bills in their circulation, and did not close my account. I still sort of feel like closing my account after that line the branch manager gave me, but it's too much a hassle and I have other things to worry about. + +Moral of the story: first off don't be an idiot like me and use cash to pay your rent, and second if you stand your ground and don't take no for an answer you can work things out.*** + +Last weekend I went in the bank and withdrew $385 to pay my rent with. I went hiking and got pretty wet in the process, my wallet included. The bills looked like they got ink soaked in some spots, so I set them out to dry. When they dried I thought they were suspicious and held them up to the light to see if the hologram was visible and it was. I used to be a gas station clerk and if someone paid with these bills they would have looked real to me, so I dropped them in my landlord's deposit box. +A few days later I get a call from her saying my $100 and $50 bill was counterfeit and confiscated by her bank and reported. I immediately call my credit union and explain the situation and they say they will look into it. I call again the day after (yesterday) and "control" is off during the weekends but the lady said in short that it was not possible to prove the bills came from the credit union and that they could not help me. +I'm dumbfounded by this. The banks are the ones who are supposed to catch fake money, not give it out. I can see how with the double handling of the cash they would not authorize my funds being returned, but it just makes me angry this happens. +Most people I've talked to about this ask if maybe the landlord is the origin of the counterfeit bills. I was suspicious of the bills after they had soaked and had a sort of ink stain to them and she said I was the only tenant out of the two who paid in cash that used large bills. +At the very least IQ credit union will no longer be seeing my business. Is there anything I can do? +EDIT: Alright, jeez, I'm not going to pay with cash anymore. I thought it would save my landlord a bit of processing time and paid cash as a courtesy. Still, regardless of the reason a bank should not give out counterfeit bills. I know this is all based on my word which is why I'm just going to have to eat the loss. Expensive lesson. +https://www.theverge.com/2022/4/23/23036976/eu-digital-services-act-finalized-algorithms-targeted-advertising + +The EU has agreed on another ambitious piece of legislation to police the online world. + +Early Saturday morning after hours of negotiations, the bloc agreed on the broad terms of the Digital Services Act, or DSA, which will force tech companies to take greater responsibility for content that appears on their platforms. New obligations include removing illegal content and goods more quickly, explaining to users and researchers how their algorithms work, and taking stricter action on the spread of misinformation. Companies face fines of up to six percent of their annual turnover for non-compliance. + +Although the legislation only applies to EU citizens, the effect of these laws will certainly be felt in other parts of the world, too. Global tech companies may decide it is more cost-effective to implement a single strategy to police content and take the EU’s comparatively stringent regulations as their benchmark. While lawmakers in the US keen to rein in Big Tech with their own regulations have already begun looking to the EU’s rules for inspiration. + +The final text of the DSA has yet to be released, but the European Parliament and European Commission have detailed a number of obligations it will contain: + +* Targeted advertising based on an individuals’ religion, sexual orientation, or ethnicity is banned. Minors cannot be subject to targeted advertising either. + +* “Dark patterns” — confusing or deceptive user interfaces designed to steer users into making certain choices — will be prohibited. The EU says that, as a rule, cancelling subscriptions should be as easy as signing up for them. + +* Large online platforms like Facebook will have to make the working of their recommender algorithms (e.g. used for sorting content on the News Feed or suggesting TV shows on Netflix) transparent to users. Users should also be offered a recommender system “not based on profiling.” In the case of Instagram, for example, this would mean a chronological feed (as it introduced recently). + +* Hosting services and online platforms will have to explain clearly why they have removed illegal content, as well as give users the ability to appeal such takedowns. The DSA itself does not define what content is illegal, though, and leaves this up to individual countries. + +* The largest online platforms will have to provide key data to researchers to “provide more insight into how online risks evolve.” + +* Online marketplaces must keep basic information about traders on their platform to track down individuals selling illegal goods or services. + +* Large platforms will also have to introduce new strategies for dealing with misinformation during crises (a provision inspired by the recent invasion of Ukraine). + +The DSA will, like the DMA, distinguish between tech companies of different sizes, placing greater obligations on bigger companies. The largest firm — those with at least 45 million users in the EU, like Meta and Google — will face the most scrutiny. These tech companies have lobbied hard to water down the requirements in the DSA, particularly those concerning targeted advertising and handing over data to outside researchers. + +Although the broad terms of the DSA have now been agreed upon by the member states of the EU, the legal language still needs to be finalized and the act officially voted into law. This last step is seen as a formality at this point, though. The rules will apply to all companies 15 months after the act is voted into law, or from 1 January 2024, whichever is later. +We basically have a blank slate to build our house though we don’t want to go overboard on budget. Those of you who have had custom homes built before, what are some “must-haves?” For example, we have Teslas so a must have would be a electric car wiring built in. A nice to have would maybe be a generator (auto switches). Any other ideas? +I have just done the maths and hope someone can prove me wrong, this surely can't be right? + + +Anything over £9876 annually, national insurance is 13.25% . + +After £12,571 income tax is 20% + +Student repayment begins at £20,184 with a 9% repayment. (Plan 1) + + +So any money I earn above £20 184 will be taxed at a rate of 42.25% ? Please someone prove me wrong....I don't want this to be the case +I am a college student who is absolutely broke. I applied (and got) a job at the school on the 15th, however the stupid school is SO slow that I have yet to even be scheduled. I have contacted them endless amounts to no avail. I also applied and got a job at UPS last week, and that starts on Wednesday. + +Either way, I have two loan payments due, which total about $124. I can pay it, but I will have legit $4 left. What is the best way to get some money in the next day? Family is out of the question. + +I am stressed beyond belief. I really wish the school could get their crap together so I can finally start working. + +UPDATE: Thank you all for the very helpful replies! I've come to realize that there are TONS of opportunities to make money. Donating plasma and doing gigs from the Nextdoor app or others seems like it may work. I'm also gonna try DoorDash and Uber Eats. Selling stuff, helping people, etc. This is a fantastic community, if you have any more ideas, please share them for others to see as well! +[A year ago I wrote a list of 20 stocks](https://www.reddit.com/r/investing/comments/coz3u7/strike_it_big_stocks_for_the_next_decade_a/) I believed were high-risk/high-reward investments into new technology for the future. I figured it would be interesting to actually track their development, so here's where we stand now: + +|Ticker|2019-08-12|2020-01-07|2020-07-29|%| +|---------|----------|----------|----------|-------| +|GH|$98,63|$79,12|$84,15 |-15%| +|FLXN|$11,37|$20,00|$13,52 |19%| +|VRTX|$179,84|$224,03|$278,72 |55%| +|OMER|$18,41|$13,17|$13,71 |-26%| +|PCRX|$40,39|$43,87|$52,72 |31%| +|HXL|$79,89|$75,36|$39,85 |-50%| +|FMC|$85,57|$98,36|$108,32 |27%| +|MELI|$623,55|$606,55|$1.086,90 |74%| +|MSFT|$159,03|$135,79|$204,60 |29%| +|AMZN|$1.784,92|$1.902,88|$3.033,53 |70%| +|SHOP|$366,73|$413,33|$1.053,59 |187%| +|CRM|$140,72|$173,45|$193,61 |38%| +|SQ|$62,63|$62,57|$128,55 |105%| +|AYX|$131,08|$108,69|$172,27 |31%| +|PYPL|$102,72|$110,17|$184,60 |80%| +|TTD|$255,08|$277,91|$427,84 |68%| +|ZM|$92,16|$70,32|$252,39 |174%| +|MDB|$143,51|$140,50|$216,30 |51%| +|OKTA|$130,50|$123,43|$210,88 |62%| +|ZS|$83,21|$48,70|$126,97 |53%| +|TWLO|$131,49|$107,46|$264,62 |101%| + +Average return: 55% +Average return on "new tech": 6% +Average return on "efficient tech": 81% + +My comments: +I definitely did not expect the stocks would be this high after just one year. There is a clear divide between the "new tech" and the "efficient tech" type of companies though: the latter stocks expanded in valuations by a lot. The price to sales on some of them doubled. I'd approach these with caution - the market seems to be a little too exstatic about them, but on the other hand it seems like capital has nowhere else to go so I can't imagine the market abandoning the valuations anytime soon. + +On the other hand the "new tech" stocks moved largerly side-ways with two outliers - HXL running into Covid19 trouble as an aerospace supplier and VRTX posting impressive earnings and continuing to execute well on their plan. All in all the valuations of these companies remained sensible in contrast to the "efficient stocks". While these should be the higher risk stocks, they seem now like a more reasonable investment. + +Let's see what happens in one year! +https://markets.businessinsider.com/news/stocks/tesla-surpasses-walmart-market-value-most-valued-sp500-us-companies-2020-8-1029524035 + +jnj, v, brk.b, fb, googl, msft, amzn, aapl. +Hey guys, + + +I'm practicing day trading, and in many cases I see that there's a simple entry point, such as claiming the VWAP, but if you miss it - there isn't gonna be a pullback or another clear entry point for a long time. For example: + +[https://ibb.co/fdzYydP](https://ibb.co/fdzYydP) + + +(This is 1 minute chart) + + +The stock is going straight up without an apparent pullback. Maybe the small red candles are some sort of pullbacks? I'm just asking how to find a second entry point because many times you're busy with other stocks and then you see you missed an obvious entry, and then should you just leave it - because if you jump in in the middle of the uptrend it's more like gambling? + + +Thanks in advance! +Hedgies have done everything to largely ignore us, likely accepting that they won't be able to get us to sell anyway and their prime concern was others jumping on the rocket. + +From FUD articles to bullshit corporate news coverage shitting on us and endlessly referencing gambling sub as if it held any sway. + +The long running approach has been to prevent the common investor from considering this as an option, but as you all know that's recently changed. + +The DRS rug pull was a shot directly at DRS AND at us, couple that with the dip we're seeing and they wanted to mimick a sell off within the ape community which we know is impossible as we're all far too highly regarded to know how to sell, let alone within CS. Legitimately, I haven't bothered to figure out how to sell in CS, figured I'd watch a YouTube video on it during MOASS. + +Anyway, I highly suspect the plunges in crypto months ago, then the manufactured failure of FTX was all them setting the stage for the final game ending rugpull. + +Months of psyops came to a head as they tried to hurt apes wallets, unfortunately for them we've mostly gone with one massive egg in a single basket and that shit doesn't matter to us. + +Their hope on this most recent attack has been to convince us with a DRS rug pull that not only will we not get there but that apes are selling. Next to manufacture a dip (while buy to sell ratios are still through the roof) to make it look like the sell off has lead to an end of this. + +If they're taking shots direct at the most hardened, diamond handed and fanatic investors on the planet they either have to be desperate to end this or to drop the price to avoid margin calls. + +It's not about the legacy investors, the boomers or those on TikTok willing to jump into something with their spare cash. It's about us, they need to target us, it went from large dips not shaking us, run ups not shaking us, months of sideways trading and manufactured boredom not shaking us. Now they're trying to go after DRS in tandem with a bullshit dip. + +If this change in approach from them doesn't show you how serious this is getting for them you're more regarded than I, which at this point I don't know would be a good thing or a bad thing because I'm pretty fucking highly regarded. + +Within the last 2 years I feel like there's been periods of time where they ignored us focusing primarily on the wider world view of GameStop. Naturally early on especially there were violent moves against us but boredom hasn't worked and I think the ever increasing DRS numbers and a cash flow positive GameStop has really shaken them. It's crunch time for them and this needs to end before they do. + +They never expected a bunch of fickle and fearful retail investors to dig in and commit en masse to this play the way we have. We've broken every mold of investor they've ever dealt with. Hell two years ago I would have never expected a random collection of international regards to be so fucking diamond handed. + +Either way, we continue to buy, take advantage of this dip and continue to stack those purple rings. + +Get fucked hedgies. +So based on my idea yesterday someone was liquidated. Or at least their positions were moved around and sold. + +https://www.reddit.com/r/Superstonk/comments/r52pn1/what_if_a_liquidation_did_happened_today/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +Today on Fidelity we saw a massive increase of shorts available. 13 million shorts on one brokerage is absolutely insane for a float of about 45-50 million (this is factoring in DRS). This is especially true if we have DRS’ed more shares then we think. + +Also this morning the 113% short float disappeared. It decreased down to 10% with no explanation. The obvious link here is that those naked shorts were absorbed by somebody larger and turned into synthetics. This would erase that legal short float and hide it. + +This is also the only feasible way that this QUANTITY of shares are available to short. Given that Fidelity is just one broker I can guess that their are at minimum 25 million shares out there ready to be shorted. Now how is that even possible given that the float has been reported as 45-50 million lately? The answer is that we are no longer dealing with just one float. + +The shares available to short all of the sudden are evidence that these positions were “closed”. But there was zero volume and it all happened off exchange. My thought process is that one of the only ways to move this quantity of shorts around off exchange would be during a liquidation/ acquisition + +[edit] Don’t get me wrong here. This isn’t disheartening. This is good news for us. If this true then a hedge fund just ate a huge bag to keep on going just a little longer. The fact that a hedge fund did get called means that there is still some upper limit as to were they can leverage themselves. I think that marge is knocking every day and that’s why it took a bit to find someone to take these shorts. You don’t take on massive debts if you aren’t just trying to survive + +These people only understand money and accepting this was more profitable then allowing these shorts to be covered by the prime broker who margin called + +[edit 2] This is also one of the only explanations as to how Fidelity got 20% of the float overnight to short. Volume is at an all time low and yet they have a MASSIVE position held up. This is insane and the reason why GME is dropping today. Just buy and hold + +[edit 3] That 13 million shares may be the real number of synthetic shares available to short. Cracks may be forming + +[Final Edit] The statement by Fidelity makes SOOO much sense. Those shares had to be recorded as returned but they are all synthetic. It was a momentary gap in coverage. They are getting slower with their ability to cycle FTDs. Fidelity waiter to make a statement until after these hedge funds took them back off of the books, honestly probably a market maker. I wouldn’t be surprised if Citadel Securities was responsible for this fuckery. + +It’s not even Fidelity’s fault* (they know crime is happening) they just reported what Citadel told them +On Friday morning, Westpac announced it had extended chief executive Peter King’s tenure indefinitely. On Monday morning, the bank’s full year results made it very clear why his original two-year contract was never going to be long enough. + + +Westpac chief executive Peter King has a series of problems to fix. David Rowe + +Westpac’s result was always going to be bad, given its $1.3 billion settlement with AUSTRAC and the $3.2 billion in provisions it has taken to buttress the bank from the impact of COVID-19. + +But the 62 per cent fall in cash earnings to $2.6 billion shows deeper problems. Westpac’s mortgage business is struggling badly, its expense base it too high and its technology challenges are far from solved. + +King is facing a turnaround that could take up to five years to implement and will need to be executed in the toughest economic climate for more than a decade. + +The shadow of the pandemic naturally hangs heavily over Westpac’s numbers, but the news on that front it generally pretty good. + +Mortgage deferrals have fallen sharply, dropping from $54.7 billon initially to $16.6 billion, or about 4 per cent of Westpac’s total mortgage book. + +The story around business loan deferrals looks similarly positive, dropping from $10.1 billion to just $1 billion. + +But Westpac is a bit more cautious about the outlook for the SME sector, having seen some signs of stress emerge in the second half, albeit less than feared. + +Levels of stressed loans surged in accommodation, cafes and restaurants – no surprise there – but also rose in property, property and business services and construction. + +The next few months, as government stimulus measures start to fade, will tell us a lot more about how what scars business will be left with from COVID-19. + +Wetspac, like the broader banking sector, looks well placed to handle any COVID hit. Its balance sheet is very strong and capital levels have been boosted by fully underwriting its dividend. And given deferrals are falling away faster than first feared, the bank’s provisions are likely to prove more than adequate. + +The shock in the result isn't to do with COVID +Steering the bank through this crisis is of course no mean feat. But King’s problems are bigger than that. + +The shock in this result comes from the fall in Westpac’s core banking profit in the second half of the financial year. + +Excluding those big notable items and the impact of provisioning changes across the year, Westpac’s core cash earnings fell 12 per cent in the six months to September 30, compared with the six months to March 31. + +The bank’s core earnings were squeezed in two key ways. + +The first is the underperformance of Westpac’s core mortgage business, the second biggest in the country. + +The mortgage book shrunk by $8.2 billion across the year and while Westpac notes there are some positives in that – particularly the fact $2 billion was attributed to customers paying off their loans, and the bank’s deliberate push to wind back interest-only loans from 29 per cent of the loan book to 20 per cent – King isn’t happy with the division’s performance. + +And no wonder. Morgan Stanley’s analysis of official data from the prudential regulator showed Westpac’s growth in the crucial owner-occupier segment was just 0.6 per cent in the 12 months to September 30, compared with system growth of 5.5 per cent. + +The problem has been two-fold. In addition to well-flagged loan processing delays which had been exacerbated by the pandemic, King admitted Wespatc had made its application process too onerous. Ironically, the bank that fought and beat the corporate regulator in the famous “wagyu and shiraz” case appears to have been to cautious in its assessment of the financial position of borrowers. + +King, who has made the mortgage business a separate business line to improve its focus, wants Westpac to get back to system growth, forecast at 3.2 per cent for the 2021 financial year. + +But it will take the best part of the year to get there; in September, Westpac’s owner-occupier lending went backwards at an annualised rate of 2.1 per cent, while the system grew at an annualised rate of 5.9 per cent. + +Freshly appointed chief financial officer Michael Rowland will be handed the job of getting costs under control. Expenses rose 6 per cent excluding notable items, and 7 per cent in the second half of the year, compared to the first. + +The big increase was in risk and compliance costs, where the hiring of 400 new staff in the wake of the AUSTRAC scandal added $454 million to the bank’s cost base. + +Technology remains a key challenge for the bank, with the complexity of Westpac’s systems still hanging over the group. + +King and his predecessor Brian Hartzer have made great strides here, but the market remains convinced there will be on-going investment required. + +Indeed, while risk and compliance investment has tripled in the past five years, spending on growth and productivity spending has actually fallen almost 15 per cent. + +Rowland has promised to unveil a three-year cost-cutting strategy next May. Exactly where he finds more savings isn’t quite clear, although it was interesting to note Westpac shut 40 branches over the year. + +In a world where customers classified as digital active rose 12 per cent over the full year to 5.1 million, you have to wonder whether there’s more opportunity in this bucket. Extra staff brought in to deal with COVID will also reduce over time. + +While King and Rowland were quick to emphasise the bank’s inherent strength, they were also refreshingly upfront about the challenges ahead of them on Monday morning. + +Restoring the mortgage business and cutting costs will require a long grind, particularly in an environment where the outlook for credit quality and credit growth is cloudy to say the least. + +https://www.afr.com/chanticleer/westpac-s-in-a-bigger-hole-than-we-thought-20201102-p56ap7 +Curious to hear what the sub thinks about the new restrictions and how it'll impact the economy, the markets and property. Dandrews is planning to announce more restrictions regarding businesses tomorrow, but I'm assuming house inspections and cafe lattes are out of the question... +Visitor: "Hi there. I'm new and happy to be here. Decided to post because I have a really great idea." + +/r/Investing: (silent) + +Visitor: "Uh, so check out this company I've been looking at. Examining at its business model, recent earning reports, and current market conditions. The stock seems undervalued and poised for great growth in the coming years. Solid management too." + +/r/Investing: "That's a communication/energy/tech/etc company. Communication/energy/tech/etc companies are really risky." + +Visitor: "Right, I know. But I've done my homework and feel confident that this is a decent gamble." + +/r/Investing: "Everything is overvalued right now." + +Visitor: "I suppose. But don't you think the stock is an interesting play? I like the company and see a chance for a great return." + +/r/Investing: (looks away) "It's your money, but I wouldn't do it. You're totally exposed unless you invest in index funds." + +Visitor: "I do invest in index funds. My main investments are a diversified basket of various subclasses of stocks like US, Europe, Pacific, and Emerging Market index funds balanced across large and small cap. I'll be rebalancing at the end of every year." + +/r/Investing: "Using Vanguard Total US (VTI) and International (VXUS) are simpler. Two index funds to worry about, not all the crazy ones you mentioned." + +Visitor: "They all seem solid to me. And you don't get nearly the diversification and rebalancing benefits with just two stocks." + +/r/Investing: (looks bored) + +Visitor: (pauses - clears voice awkwardly) "Sorry to say this, but I'm feeling a bit of skepticism toward my ideas. You basically seem to distain any interesting or complicated approaches to investing." + +/r/Investing: (sighs) "You know what your problem is?" + +Visitor: "What?" + +/r/Investing: "Your problem is that you're interested in investing." + +Vistor: (leaves for /r/funny) + +**Edit**: Thanks for all the thoughtful responses. Definitely glad this sub stops people from losing money on poorly thought out stock tips. But I also hope this dialog has encouraged this sub to be a bit more welcoming. +Good Morning Apes ! + +Absolute rip this morning in German market. I expect some more similar action leading into 9:30pm in the pre-market. If the SHFs want to price retail/and longs out of the options chain there best bet is to move the price hard and early to spike IV. This could be difficult if they can't get enough liquidity in the pre-market. + +If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pn3ryv/too_many_shares_to_stuff_in_my_cellar_and_forward/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect when this all goes down + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Burry tweets and rips it's been a good one with steady growth throughout the day. I definitely was looking for them to spike IV but it's possible the gamma ramp is to daunting. Tomorrow marks t+2 from the massive $200 put position that was closed last Friday so I expect we will see some action on that front. There current strategy should be to try to bleed the gamma ramp till late Wednesday or Thursday and then cover, or they are fucked and will be forced to cover after the contract expires, or I'm a complete idiot and there are no futures contracts. Only time will tell. Thank you all for tuning in. See ya tomorrow. + +\- Gherkinit + +Edit 8 2:29 + +BARR played out nicely on the intraday moving up + +https://preview.redd.it/c1b788jgdbn71.png?width=1593&format=png&auto=webp&s=41e077c3ac164a6e67e9a1402e9cf84dff377400 + +Edit 7 1:21 + +RIpping? Also Burry's 13b reference might be the FTC rule 13b + +https://preview.redd.it/xellecvh1bn71.png?width=1590&format=png&auto=webp&s=cff833c86e45024914370ded22634acf3f31d795 + +Edit 6 12:55-12:69 + +Longs are buying in hard at ITM strikes 140-160-190-195 all with increased OI in the last hour looks like they are gonna push their ramp even if the shorts don't want to. All the money from the gamma ramp for these last 6 weeks has been rolled out to the 17th, This is definitely showdown time! + +https://preview.redd.it/617ikgpywan71.png?width=1609&format=png&auto=webp&s=72df7379e807f0e2cb836674573456bcac2e9777 + +Edit 5 12:35 + +Continuing this uptrend back to 200 as slowly as possible, definitely some of the BARR effect as we see the price climbing with much more stability + +https://preview.redd.it/rr2xhtd7tan71.png?width=1589&format=png&auto=webp&s=5341076434522519c335def2b43d3546777c8c83 + +Edit 4 10:48 + +Market coming back and GME coming out of the Head and shoulders on the 1m + +https://preview.redd.it/pzxd3y10aan71.png?width=1601&format=png&auto=webp&s=9ce400c47914ccec79312263d6ae7f57abed2bd9 + +Edit 3 10:07 + +Light rejection at $200 a bounce on the EMA 20 would lead to a second test pressure is solid but the volume is low + +https://preview.redd.it/8wu6actr2an71.png?width=1588&format=png&auto=webp&s=87bfdd52dd1645e204922da5fbb96f9fc1358647 + +Edit 2 10:00 + +Broke away from the 195 resistance towards the start of that ramp at $200 ...more up + +https://preview.redd.it/l6uqtoxi1an71.png?width=1580&format=png&auto=webp&s=bdc32ee35a72598853afeb8922903a974603b300 + +Edit 1 9:49 + +Quick run to 195 then a SPY dump dragging us down let's see if some of that free capital comes our way + +https://preview.redd.it/f4qcd5whz9n71.png?width=1584&format=png&auto=webp&s=e728a380617b5cfc59dba4072d53924e72d60a5c + +# Pre-Market Analysis + +Edit 1: Fidelity now at 1.280M shares to borrow + +German market took off like crazy this morning (well crazy for the German market at least) hitting a test of 195 right out of the gate. We still have a solid gap to fill up to 200. However the shorts have already borrowed around 250k shares this morning or 3.2million depending on how accurate Fidelity's data was. With IBKR showing 5k to borrow and Fidelity showing 533k. Although I checked fidelity last night and the 3.6 million additional shares seemed to have disappeared. + +[pre-market on the 1m](https://preview.redd.it/8aeqfa95n9n71.png?width=1581&format=png&auto=webp&s=f091a02e22b2ddeafccdc24d111d1fb7daaef677) + +I'll be checking CV\_VWAP at open for signs of arbitrage with that big of a bounce in the German Market we may see some. + +**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/) +This is getting absolutely insane. How much does it have to go up before it counts a parabolic? :-0 + +If you believe in Stock-to-Flow, the number for 12-17-2020 was $23,648, so pretty close to what we have. Regardless, before I could even start typing about it being $23000, it almost blew through it. Crazy man. +I've started a new blog (http://letslearnfinance.net) and want to cover various topics and concepts in this field. I'm adding content as I come across and understand it and got quite a few post ideas but was wondering if anyone could help me out. + +What kind of financial concepts or ideas would you like to be explained? Maybe something you would like to know more about or see another perspective on? I'll be sure to credit your recommendation on the post itself! :) + +I'm hoping that a suggestion here can help me focus on one aspect of finance because there's just too much im trying to cover! + +I wouldn't mind doing a bit of research and writing about a concept im not familiar with - after all, I want to learn more myself! This'll most likely be the case as im only in my sophomore year at University haha but I'm definitely looking for a challenge :) + + +**PROGRESS** +> I'll use the edit function to update this post each time a concept or theory is knocked down. + +* @Benjammin822 - [What is Financial Mathematics?](http://letslearnfinance.net/2012/06/04/what-is-financial-mathematics/) +* @iamstandingbehindyou - [What are Derivatives?](http://letslearnfinance.net/2012/06/08/what-are-derivatives/) +* @desquibnt & @pontsone - [Introduction to Bonds and Share Valuation](http://letslearnfinance.net/2012/06/09/introduction-to-bonds-and-share-valuation/) + +Building on a previous post ([http://redd.it/i2thge/](http://redd.it/i2thge/)) asking the community to pick underrated stocks, I've aggregated the results after one quarter has passed. See below for takeaways after \~3 months. + +Note: you can view a visual version here: [https://i.imgur.com/sRrYmmy.png](https://i.imgur.com/sRrYmmy.png) + +Key takeaways: + +* Overall average return of 9.9%, with an equal weighted return of 11%. If you picked a stock from this list at random, you would have a 44% chance of a return greater than 10% +* Highest returning pick: Nio Inc (NIO) at 260% flagged by /u/Carrera_GT, /u/makesalotofmoney, /u/Charlie_Brown364 +* If you invested in the top 5 most upvoted stocks (NET, CRSP, STNE, NVDA, NOK), you would have seen a return of 12.7% +* If you invested in the top 5 most controversial stocks (TSLA, WD, AMD, LMND, UBER), you would have seen a return of 18.6% +* If you had invested in the stocks with greater than 10% return in the first 30 days, your total return would be 27.4% + + +|**Symbol**|**Company**|**Increase**|**Provided by**| +|:-|:-|:-|:-| +|**NIO**|Nio Inc - ADR|260%|/u/makesalotofmoney, /u/Carrera_GT, /u/Charlie Brown364| +|**ALNOV**|Novacyt SA|174%|/u/Snoopmatt| +|**GME**|GameStop Corp.|168%|/u/EmployerOfTheMonth| +|**PEIX**|Pacific Ethanol Inc|109%|/u/adamtejot| +|**PLUG**|Plug Power Inc|108%|/u/lukwas_| +|**TUP**|Tupperware Brands Corporation|100%|/u/Scumbaggedfriends| +|**DQ**|Daqo New Energy Corp|74%|/u/stonk_daddy| +|**TA**|Travelcenters of America Inc|73%|/u/jk_tilt| +|**INSP**|Inspire Medical Systems Inc|72%|/u/JPINFV2| +|**PINS**|Pinterest Inc|72%|/u/EthanPhan| +|**CDLX**|Cardlytics Inc|67%|/u/whossayn, /u/YarManYak| +|**NVTA**|InVitae Corp|66%|/u/emtvaikkajoku, /u/CrackHeadRodeo| +|**XPEL**|Xpel Inc|65%|/u/Bkazzle| +|**TSE:WELL**|WELL Health Technologies Corp|64%|/u/Unlucky-Prize, /u/IcemanVish| +|**ENPH**|Enphase Energy Inc|61%|/u/deGoblin| +|**SITM**|SiTime Corp|60%|/u/drbh_| +|**NET**|Cloudflare Inc|60%|/u/thereisnospoongeek, /u/olliemacg, /u/Boots2243| +|**BABYF**|Else Nutrition Holdings Inc|60%|/u/PringlesAreUs| +|**PTON**|Peloton Interactive Inc|59%|/u/loosetingles| +|**APPS**|Digital Turbine Inc|59%|/u/toop4| +|**SPWR**|SunPower Corporation|58%|/u/Hadouukken| +|**SOLO**|Electrameccanica Vehicles Corp|57%|/u/IHaveUsernameBlock| +|**CSIQ**|Canadian Solar Inc.|56%|/u/MrMineHeads, vvv561| +|**TTD**|Trade Desk Inc|50%|/u/all_hail_hypno, /u/Kay312010| +|**NTLA**|Intellia Therapeutics Inc|50%|/u/earthmoonsun| +|**SIX**|Six Flags Entertainment Corp|49%|/u/EthosPathosLegos| +|**GM**|General Motors Company|47%|/u/Buttershine_Beta| +|**TXG**|10X Genomics Inc|46%|/u/Unlucky-Prize| +|**TAN**|Invesco Solar ETF|44%|/u/z74al| +|**TPIC**|TPI Composites Inc|44%|/u/polwas| +|**TCNNF**|Trulieve Cannabis Corp|43%|/u/grphelps1, /u/Cucumber_Cooling| +|**TSLA**|Tesla Inc|42%|/u/Skurinator, /u/goldcakes, /u/redmars1234, /u/Drortmeyer2017| +|**Uber**|Uber Technologies Inc|41%|/u/DukeBD2021| +|**AAXN**|Axon Enterprise Inc|41%|/u/ansofteng| +|**GBTC**|Grayscale Bitcoin Trust (Btc)|40%|/u/asherlevi| +|**SE**|Sea Ltd|39%|/u/scatterblodded, /u/tradeintel828384839, /u/thug_funnie, /u/Meymo| +|**RAZFF**|Razer Inc|36%|/u/ThatOneRedditBro| +|**ICLN**|iShares Global Clean Energy ETF|36%|/u/drheman25Q| +|**IIPR**|Innovative Industrial Properties Inc|35%|/u/Dalis_Ktm| +|**BL**|Blackline Inc|35%|/u/veebeew| +|**CRLBF**|Cresco Labs Inc|35%|/u/UncleSlippyFist| +|**ALLY**|Ally Financial Inc|34%|/u/jcurtis44| +|**PLNHF**|Planet 13 Holdings Inc|32%|/u/MMatter1| +|**STNE**|StoneCo Ltd|32%|/u/GromGrommeta| +|**UTZ**|Utz Brands Inc|32%|/u/RIC_FLAIR-WOOO| +|**WD**|Walker & Dunlop, Inc.|30%|/u/TBSchemer| +|**BEP**|Brookfield Renewable Partners LP|30%|/u/YourPineapplePunch| +|**INMD**|Inmode Ltd|29%|/u/meta-cognizant, /u/craneman813| +|**PENN**|Penn National Gaming, Inc|28%|/u/Calpool| +|**AVLR**|Avalara Inc|27%|/u/nomdeplume_alias| +|**BPY**|Brookfield Property Partners LP Unit|27%|/u/Onarco| +|**STO:TIGO-SDB**|Millicom International Cellular SA(SWE)|27%|/u/joseph460| +|**WIZZ**|Wizz Air Holdings PLC|25%|/u/Matous_Palecek| +|**MMMB**|Mamamancini's Holdings Inc|25%|/u/Jayesslee| +|**CVAC**|CureVac|25%|/u/Tangerinho| +|**DNNGY**|Orsted A S Unsponsored ADR|24%|/u/BrentfordFC21| +|**WKHS**|Workhorse Group Inc|24%|/u/VisionsDB| +|**AIR**|AAR Corp.|24%|/u/paulo92834| +|**EZJ**|ProShares Ultra MSCI Japan ETF|24%|/u/Necessary_Club_6714| +|**OTCMKTS:PRXXF**|Paradox Interactive AB (publ)|23%|/u/I_worship_odin| +|**ALXN**|Alexion Pharmaceuticals, Inc.|22%|/u/fisk47| +|**APHA**|Aphria Inc|21%|/u/Aprhria, /u/Bdghablig| +|**FSR**|Fisker Inc|21%|/u/bigsexy12| +|**SQ**|Square Inc|21%|/u/cuti95, /u/ConstructivePlayer, /u/Lfastrsx, /u/jercky, /u/CharlieBrown364| +|**TGT**|Target Corporation|21%|/u/Kosher-Bacon| +|**DKNG**|Draftkings Inc|21%|/u/boomshalock| +|**TTCF**|Tattooed Chef Inc|20%|/u/Mug_of_coffee| +|**KLR**|Kaleyra Inc|20%|/u/souptrades| +|**NVDA**|NVIDIA Corporation|20%|/u/TBSchemer, friedtea15| +|**RNLSY**|Renault ADR|19%|/u/jw8700| +|**NOW**|ServiceNow Inc|18%|/u/cookingboy| +|**CDW**|CDW common stock|18%|/u/plorfu| +|**TSE:AC**|Air Canada|18%|/u/priamXus| +|**NUAN**|Nuance Communications Inc.|17%|/u/IwantmyMTZ| +|**ESNT**|Essent Group Ltd|17%|/u/veggie-man| +|**RUN**|Sunrun Inc|16%|/u/FactualNeutronStar| +|**URW**|Unibail-Rodamco-Westfield SE|16%|/u/eams66| +|**SAM**|Boston Beer Company Inc|16%|/u/Top_Island| +|**NATH**|Nathan's Famous, Inc.|16%|/u/howtoreadspaghetti| +|**MU**|Micron Technology, Inc.|15%|/u/Wexoch| +|**VTR**|Ventas, Inc.|15%|/u/Unlucky-Prize| +|**FLR**|Fluor Corp|15%|/u/lost_searching| +|**TWLO**|Twilio Inc|15%|/u/MarconianRex| +|**OTCMKTS:GMWKF**|Games Workshop Group PLC|14%|/u/MAUSECOP, /u/Thenattylimit| +|**JPM**|JPMorgan Chase & Co.|14%|/u/wrs97| +|**WMT**|Walmart Inc|14%|/u/anthonyjh21| +|**MX**|Magnachip Semiconductor Corp|14%|/u/samtony234| +|**HR.UN**|H&R Real Estate Investment Trust|14%|/u/CaptainCanuck93| +|**NPSNY**|Naspers Limited|14%|/u/Demandredz| +|**TRVN**|Trevena Inc|13%|/u/pacosteles| +|**CRSP**|Crispr Therapeutics AG|13%|/u/emtvaikkajoku| +|**MTCH**|Match Group Inc|13%|/u/BallinLikeImKobe24| +|**TAP**|Molson Coors Beverage Co Class B|13%|/u/howtoreadspaghetti| +|**TEAM**|Atlassian Corporation PLC|13%|/u/shadowrckts| +|**ASML**|ASML Holding NV|13%|/u/EthosPathosLegos, /u/earthmoonsun| +|**BFIT**|Global X Health & Wellness Thematic ETF|13%|/u/Venhuizer| +|**OTIC**|Otonomy Inc|12%|/u/Unlucky-Prize| +|**TSM**|Taiwan Semiconductor Mfg. Co. Ltd.|12%|/u/Paks_12345, /u/sogladatwork, /u/BlissfulThinkr| +|**LOGI**|Logitech International SA|12%|/u/CharlieBrown364| +|**PRPL**|Purple Innovation Inc|12%|/u/jloy88, /u/CharlieBrown364, /u/RemiMartin| +|**VIAC**|CBS Corporation Common Stock|12%|/u/1987supertramp| +|**SBSW**|Sibanye Stillwater Ltd|12%|/u/marqui4me| +|**BAM**|Brookfield Asset Management Inc|11%|/u/duongroi, /u/Avaronah| +|**TQQQ**|ProShares UltraPro QQQ|11%|/u/iggy555, /u/Guiterrezjm6| +|**NCR**|NCR Corporation|11%|/u/IAMBEOWULFF, /u/fistymonkey1337| +|**BBY**|Best Buy Co Inc|11%|/u/1madeamistake| +|**COTY**|Coty Inc|11%|/u/NhatNguyen2112| +|**YETI**|Yeti Holdings Inc|10%|/u/boomwhackers| +|**MS**|Morgan Stanley|10%|/u/wrs97| +|**HKMPF**|Hikma Pharmaceuticals Plc|10%|/u/Marvins-Room| +|**OLED**|Universal Display Corporation|10%|/u/niknikniknikniknik1| +|**XBC**|Xebec Adsorption Inc.|10%|/u/Mug_of_coffee| +|**LDL**|Lydall, Inc.|10%|/u/Henisockle| +|**MAC**|Macerich Co|9%|/u/skvettlappen| +|**MMX**|Maverix Metals Inc|9%|/u/AwesomeMathUse| +|**NYSE:PSTH**|Pershing Square Tontine Holdings Ord Shs Class A|9%|/u/5_yr_lurker| +|**SNE**|Sony Corp|9%|/u/drorhac| +|**SLP**|Simulations Plus, Inc.|9%|/u/hellohi3| +|**MELI**|Mercadolibre Inc|9%|/u/pontoumporcento| +|**ISRG**|Intuitive Surgical, Inc.|8%|/u/swalloforswallo| +|**DRNA**|Dicerna Pharmaceuticals Inc|8%|/u/earthmoonsun| +|**AWK**|American Water Works Company Inc|8%|/u/InfamousLegato| +|**OKTA**|Okta Inc|8%|/u/Bcr731| +|**SEDG**|Solaredge Technologies Inc|7%|/u/m4r1vs| +|**AAPL**|Apple Inc|7%|/u/tcldstnvdw| +|**BRK.B**|Berkshire Hathaway Inc. Class B|7%|/u/Jeroen_Jrn, /u/Cuza| +|**TD**|Toronto-Dominion Bank|7%|/u/robbierox123| +|**TJX**|TJX Companies Inc|7%|/u/princess-smartypants| +|**NVR**|NVR, Inc.|7%|/u/Linnake| +|**RMCF**|Rocky Mountain Chocolate Factory, Inc.|7%|/u/howtoreadspaghetti| +|**CVS**|CVS Health Corp|7%|/u/handsomeandsmart_| +|**VTSAX**|Vanguard Total Stock Market Index Fund Admiral Shares|6%|/u/WackyBeachJustice| +|**ESRT**|Empire State Realty Trust Inc|6%|/u/silverpaw1786| +|**VEEV**|Veeva Systems Inc|5%|/u/JohnSpartans| +|**GFL**|GFL Environmental Inc|5%|/u/lenadunhamsbutthole| +|**SDC**|SmileDirectClub Inc|5%|/u/meeni131| +|**BABA**|Alibaba Group Holding Ltd - ADR|5%|/u/helio987, /u/ScreeMart, /u/Necessary_Club_6714| +|**SAVE**|Spirit Airlines Incorporated|5%|/u/Matous_Palecek| +|**NYMT**|New York Mortgage Trust Inc|5%|/u/ToKeepAndToHoldForev| +|**AUMN**|Golden Minerals Co|5%|/u/YEEEEEAAAAA| +|**RTX**|Raytheon Technologies Corp|5%|/u/anon2019L| +|**EW**|Edwards Lifesciences Corp|4%|/u/TheTubbyOlive| +|**DIS**|Walt Disney Co|4%|/u/jadenmc2189, /u/biz_student| +|**LZAGY**|Lonza Group ADR|4%|/u/Fuck512| +|**ZTS**|Zoetis Inc|4%|/u/BearBearChooey| +|**DOCU**|Docusign Inc|4%|/u/h3ku, /u/Teach-101| +|**RIGL**|Rigel Pharmaceuticals, Inc.|3%|/u/Gay_Demons| +|**BB**|BlackBerry Ltd|3%|/u/mh1t, /u/EthosPathosLegos| +|**ARCC**|Ares Capital Corporation|3%|/u/ThemChecks| +|**HERO**|Global X Video Games & Esports ETF|3%|/u/sgtyzi| +|**SPOT**|Spotify Technology SA|3%|/u/_Hard4Jesus| +|**NEWR**|New Relic Inc|2%|/u/Dalis_Ktm| +|**TRU**|TransUnion|2%|/u/AndyCircus| +|**BAC**|Bank of America Corp|2%|/u/oobydoobydoobydoo, /u/wrs97| +|**BAH**|Booz Allen Hamilton Holding Corporation|2%|/u/i_smel_hookers| +|**EH**|EHang Holdings Ltd - ADR|2%|/u/TheEUR0PEAN| +|**CVM**|CEL-SCI Corporation|2%|/u/Golden_Pineapple| +|**ELVT**|Elevate Credit Inc|2%|/u/ScoreFuture| +|**CIBR**|First Trust NASDAQ Cybersecurity ETF|2%|/u/komoggmu321| +|**MSFT**|Microsoft Corporation|1%|/u/TBSchemer| +|**WAB**|Westinghouse Air Brake Technologies Corp|1%|/u/warman506| +|**IMMNOV**|Immunovia AB (publ)|1%|/u/jennyther| +|**OXB**|Oxford BioMedica plc|0%|/u/arabidopsis| +|**PD**|Pagerduty Inc|0%|/u/throthrowth| +|**RDFN**|Redfin Corp|0%|/u/shreddit47| +|**PMCB**|Pharmacyte Biotech Inc|0%|/u/DillieTheSquid| +|**CCI**|Crown Castle International Corp|\-1%|/u/jkgator| +|**VHC**|VirnetX Holding Corporation|\-1%|/u/vyts18| +|**O**|Realty Income Corp|\-2%|/u/bushysmalls| +|**BYND**|Beyond Meat Inc|\-2%|/u/Kreisensalat, /u/Flipside| +|**TNDM**|Tandem Diabetes Care Inc|\-2%|/u/liao24| +|**IAC**|IAC/Interactivecorp|\-2%|/u/dvdmovie1| +|**PRLB**|Proto Labs Inc|\-2%|/u/JEesSs| +|**NSRGY**|Nestle ADR|\-2%|/u/suburban_robot| +|**PLD**|Prologis Inc|\-2%|/u/ImPinkSnail| +|**VMW**|VMware, Inc.|\-3%|/u/kingbrow2020| +|**BCLI**|Brainstorm Cell Therapeutics Inc|\-3%|/u/BigSexyTolo| +|**TDOC**|Teladoc Health Inc|\-3%|/u/staniel_diverson, /u/Raybay192, /u/Drifter 1996, /u/moveitover| +|**HZNP**|Horizon Therapeutics PLC|\-3%|/u/thesearchforanswer| +|**AMD**|Advanced Micro Devices, Inc.|\-4%|/u/ArneGo, /u/apqwer, /u/LoveOfProfit| +|**VNRX**|VolitionRX Ltd|\-4%|/u/RiDDDiK1337| +|**FSLY**|Fastly Inc|\-4%|/u/AwesomeMathUse| +|**EQIX**|Equinix Inc|\-4%|/u/gce1010| +|**MDWD**|Mediwound Ltd|\-4%|/u/blueblade408| +|**FCEL**|FuelCell Energy Inc|\-4%|/u/i-kno-nothing, /u/dewaser| +|**HELE**|Helen of Troy Limited|\-5%|/u/aa341| +|**WFC**|Wells Fargo & Co|\-5%|/u/yehdhbdjdjd| +|**HEAR**|Turtle Beach Corp|\-5%|/u/chancsc11| +|**FLIR**|FLIR Systems, Inc.|\-5%|/u/zerokarma| +|**MAXR**|Maxar Technologies Inc|\-5%|/u/Borne2Run| +|**HII**|Huntington Ingalls Industries Inc|\-6%|/u/howtoreadspaghetti| +|**ETSY**|Etsy Inc|\-6%|/u/PeskyShart| +|**CYBR**|Cyberark Software Ltd|\-6%|/u/Kevenam| +|**MO**|Altria Group Inc|\-6%|/u/ARGENT_UM_PUR, /u/gm14202| +|**INTC**|Intel Corporation|\-6%|/u/ionlypwn, /u/TitanCrasher54, /u/niknikniknikniknik1| +|**AYX**|Alteryx Inc|\-7%|/u/Kme2| +|**LON:KEFI**|KEFI Gold and Copper Plc|\-7%|/u/Scipio-Africannabis-| +|**ATVI**|Activision Blizzard, Inc.|\-7%|/u/Mondanivalo| +|**CCJ**|Cameco Corp|\-7%|/u/jh4962772, /u/Commandobolt, /u/3STmotivation| +|**AMT**|American Tower Corp|\-8%|/u/editviewgo| +|**RAMPF**|Polaris Infrastructure Inc|\-8%|/u/CaptainCanuck93| +|**KR**|Kroger Co|\-9%|/u/bxkrish| +|**OTCMKTS:MMTRS**|Mills Music Trust Unit|\-9%|/u/ARGENT_UM_PUR| +|**VLO**|Valero Energy Corporation|\-10%|/u/chickenandcheesefart| +|**WORK**|Slack Technologies Inc|\-11%|/u/AntwanDixon_| +|**BLU**|BELLUS Health Inc|\-11%|/u/NhatNguyen2112| +|**GPL**|Great Panther Mining Ltd|\-11%|/u/Tony0x01| +|**FNMA**|Federal National Mortgage Association|\-11%|/u/figbuilding, /u/onkel_axel| +|**FNV**|Franco Nevada Corp|\-12%|/u/AwesomeMathUse| +|**OTGLY**|CD Projekt 4 ADR Representing Ord Shs|\-12%|/u/Thtb| +|**IMKTA**|Ingles Markets, Incorporated|\-12%|/u/kimjungoon| +|**SHOP**|Shopify Inc|\-12%|/u/AwesomeMathUse| +|**GILD**|Gilead Sciences, Inc.|\-14%|/u/Leroy--Brown| +|**SWCH**|Switch Inc|\-14%|/u/gce1010| +|**KL**|Kirkland Lake Gold Ltd|\-14%|/u/New_username_| +|**JBSS**|John B. Sanfilippo & Son, Inc.|\-15%|/u/chris011186| +|**TSE:FAF**|Fire & Flower Holdings Corp|\-15%|/u/tobcar| +|**NYT**|New York Times Co|\-15%|/u/jonhuang| +|**ACMR**|ACM Research Inc|\-15%|/u/moveitover| +|**ZAGG**|Zagg Inc|\-16%|/u/ni_shi_shei| +|**LMND**|Lemonade Inc|\-16%|/u/br1ghtness, /u/skkreet, /u/hahadumblloyd| +|**GAN**|Gan Ltd|\-17%|/u/emcdeezy22| +|**RVP**|Retractable Technologies, Inc.|\-17%|/u/EmreCanPuns| +|**TSE:GCM**|Gran Colombia Gold Corp|\-17%|/u/Linnake| +|**TAAL**|Taal Distributed Information Techs Inc|\-17%|/u/AwesomeMathUse| +|**CHGG**|Chegg Inc|\-19%|/u/Boots2243| +|**UAVS**|Ageagle Aerial Systems Inc|\-19%|/u/fishkillr| +|**FFMGF**|First Mining Gold Corp|\-20%|/u/RecCenterBall| +|**EDIT**|Editas Medicine Inc|\-20%|/u/earthmoonsun| +|**AGRA**|Agraflora Organics International Inc|\-20%|/u/spreeshark| +|**PAF**|Pan African Resources plc|\-20%|/u/Fruity_Pineapple| +|**DS**|Drive Shack Inc|\-22%|/u/Bobjenkins97| +|**LON:AAZ**|Anglo Asian Mining|\-22%|/u/krenaldi1| +|**INSG**|Inseego Corp|\-22%|/u/esoccer141414| +|**RAD**|Rite Aid Corporation|\-22%|/u/ManagerMilkshake| +|**TWOU**|2U Inc|\-22%|/u/DickDaddy| +|**TMDX**|TransMedics Group Inc|\-23%|/u/DropoutEngy| +|**DXCM**|DexCom, Inc.|\-24%|/u/InformalAid| +|**NOK**|Nokia Oyj|\-25%|/u/perfectriot, /u/LiabilityFree| +|**AYTU**|Aytu Bioscience Inc|\-25%|/u/Bkzkilla2, /u/beefy-ambulance, /u/subaruveganguy22| +|**SDGR**|Schrodinger Inc|\-26%|/u/TipasaNuptials, /u/asianmarysue, /u/RattleGoreBitcoin| +|**GNUS**|Genius Brands International Inc|\-29%|/u/due11| +|**JMIA**|Jumia Technologies AG - ADR|\-30%|/u/Jerund, /u/souptrades, /u/7YearOldCodPlayer, /u/CharlieBrown364, /u/fortnitehead| +|**BBAR**|Banco Bbva Argentina SA|\-30%|/u/GAV17| +|**OPK**|Opko Health Inc.|\-34%|/u/CS1026| +|**LLNW**|Limelight Networks, Inc.|\-35%|/u/cyberdex, /u/thug_funnie| +|**PTOTF**|Patriot One Technologies Inc|\-38%|/u/DanReynolds| +|**WTRH**|Waitr Holdings Inc|\-46%|/u/exstaticj| +|**CYDY**|CytoDyn Inc|\-49%|/u/dufmum| +|**IBIO**|Ibio Inc|\-55%|/u/PrairieDogger69| +|**SRNE**|Sorrento Therapeutics Inc|\-58%|/u/DowJonesLocker| +|**BTU**|Peabody Energy Corporation|\-61%|/u/aviatoraway1| +|**ALT**|Altimmune Inc|\-61%|/u/Spes-Caritas| +|**SHLO**|Shiloh Industries|\-94%|/u/brainbroked| + + +As a reminder, please do not interpret results seen here as an endorsement of the investing prowess of the community. Invest at your own risk. +Currently have about 10 k to work with and I pay no rent so no need to worry about that . Is there any books / videos I should watch and which ? Any tips that you would of liked to hear when first trying out ? + +Please feel free to drop any information I’ll be reading it all + +Edit : I’m from Ireland and I’m pretty sure you don’t need 25k to start , I’ve a friend who does it and he told me he started off with 7k +I grew up in a house without much money. While my folks did an incredible job raising 3 kids under the circumstances, the dept collectors, penny pinching and general environment left a lasting impact on me and my relationship with money. + +My goal has always been to have enough money to survive. I remember thinking once I earned £35k I’d have made it - all my money stress would leave. When I hit that figure nothing really changed… it felt like a false summit and it really bummed me out. + +Each salary increase felt much the same. Like it’s not the answer. It’s hard to explain - I wonder if others can relate? + +Fast forward to now - I earn x4 that figure and my wife is also a high earner. We’ve recently bought a house, sorted out our finances and thankfully I’m saving about 50% net/m. I should be feeling ok. Like I’m in a good place. + +But I have that same feeling / realisation I had when I hit £35k. Like it’s not enough. What if x happens. I need to have x in my pension and x in my S&S ISA…. But when I do will I feel the same again? + +Anyone else had the same feelings? Any tips to help manage? + +TL:DR - childhood money stress has me feeling like I can’t earn or save too much. This normal? +It seems that there's too much outstanding debt and not enough jobs out there to pay them off. They are fundamentally different than the CDOs that created the 2008 crisis, student loans that are securitized are said to be high grade with low default risk. + +But companies like Navient ($NAVI) keep getting their bonds downgraded as they aren't paid in full at maturity. +As recommended by u/jtnichol, I've decided to make this a stand-alone post. + + You may disagree with some of the stuff I say, but I think it could lead to further discussion, and also be aware that this is a work in progress and my thoughts are subject to change as time goes on. Please feel free to comment and provide more insight. + +***- ETH as money narrative*** + + I think it's too early to call ETH money, I say this because the original narrative of BTC was that it was a p2p electronic cash system \[[white paper](https://bitcoin.org/bitcoin.pdf)\]. Well as we all know, that narrative is no longer the case. BTC has formed a new narrative, one that many people support and it has driven BTC to much further success than the original narrative. BTC is now known as a digital gold, a SoV. It is my opinion, that ETH will also change it's narrative down the road as many other use cases begin to pop up. There is nothing wrong with this, but I believe the majority of the people will not be using ETH as money and ETH will be used primarily by big businesses transacting on the network, and nodes securing the chain. I believe that if ETH cements the narrative of a type of digital oil, that narrative is still okay. ETH will primarily be used as fuel to power the blockchain. + +\- ***Stablecoins*** + +I believe stablecoins will become the money used on Ethereum through it's L2 solutions, and I believe majority of the people will use stablecoins to conduct their regular lives on the Ethereum network. I am not sure if DAI will be that stablecoin, but I do believe governments will issue their own stablecoins to be used in their respective countries. The volatility nature of ETH is not something most people feel comfortable conducting business with, or even regular lives. People enjoy the stability of a currency. ETH volatility most likely will slow down, but I believe it can never achieve the stability that stablecoins will provide. + +\- ***Use Cases (Example)*** + +DeFi has really picked up steam lately, but this is just an early use case of Ethereum's potential. I don't believe DeFi will be what pushes Ethereum into the mainstream. I am going to get really far fetched here, but I think gaming will play a major role in Ethereum's success. I think it's hard to see it now, but it is my belief that Virtual Reality will be a major success within the 10-20 year time-frame. People will have 2 lives, one in the real world and the other in a virtual world and this virtual world will be built on top of Ethereum through it's L2 solutions. If you've ever read the book \[[Ready Player One (Book)](https://www.amazon.com/Ready-Player-One-Ernest-Cline/dp/030788743X/ref=sr_1_2?keywords=ready+player+one&qid=1564406595&s=gateway&sr=8-2)\] or the movie \[[Ready Player One (Movie)](https://www.youtube.com/watch?v=cSp1dM2Vj48)\] then you can get a feel for what I am envisioning. The value behind virtual assets on Ethereum is important, as unlike today's games where you can purchase an item on Fortnite , once the game is finished you no longer own that virtual item. This will all change with Ethereum because you will have complete ownership over all your virtual items. This is why I say people will have 2 lives, because in this virtual world those items are "real" and can be bought and sold just like real life, using the money earned in this virtual world to also conduct your lives in the real world. + +***- ETH 2.0*** + +It is my belief that with the constant delays of ETH 2.0, many speculators have lost confidence in Ethereum for the time being. I stick by my claim that when full Proof of Stake is on the horizon and is proven to be successful, many of these speculators will return. It is also my belief that speculators and developers do value fast transaction times (In terms of smart contract functionality), as seen by EOS market share. The risk associated with the transition towards PoS should be considered when determining why speculators and investors are not flocking to Ethereum at the present. I am certain, many speculators are waiting on the sidelines to see whether or not ETH 2.0 is a success, and this is something no one knows for certain. This is why I believe ETH is seen as "undervalued" by many in this community. With that being said, ETH 2.0 is extremely important for the success of Ethereum moving forward. There are other risk involved with Ethereum at the moment. As mentioned by u/etherbie, There is still a risk that a competitor takes Ethereum's place and becomes the one in which everything mentioned in my post is done by the competing chain. The likelihood of that happening is small, but we cannot disregard this possibility. When we have situations such as the \[[EIP 2025](https://eips.ethereum.org/EIPS/eip-2025)\] popping up, or developers who aren't completely loyal to a single chain, this could all lead to the destruction of Ethereum. So it's important that we factor in these risks and to protect the future of Ethereum. + +\- ***Final Thoughts*** + +To re-emphasize, these are purely ideas that I have pondered on for a few weeks now, and are subject to change as others provide further insight. This post was to promote discussion over the potential future of Ethereum. +If you transfer your shares it is simply at your sole discretion. I say this because I want to make it clear that we all know that none of us would ever collude or act as a uniformed entity. + +I ,like all of you , would never work with or help any of you cause an undue hardship on market makers or brokers by pulling shares out and placing them in CS. + +I, like all of you , have no intent to cause any form of negative consequences by any transfer to Computershare. + +I say this because I would never want a market maker or hedgefund to think they have any ground to say that I or anyone else "colluded" to cause market instability or any form of hardship to achieve any form of outcome. + +We all act on our own. + +I am simply transferring mine because I feel it is the best course of action for my own investment. +My 8 year old nephew is living with me for a while, since his parents now have to go to work in person. +I thought this would be a good opportunity to get him started on financial literacy - his parents are college professors, so not very much into money matters. + +Couldn't find any readymade material, so I'm going to teach him personally. But I'm trying to figure out what topics I should cover. + +Till date, I've covered budgeting, interest (a rudimentary version of present value / future value of money) and I'm trying to figure out how I can ELI5 inflation. +I've had also set him up with a bank account and a MF folio two years ago (equally in Nifty 50 and S&P 500 ETFs), to manage his pocket money (and also get addicted to seeing money grow, and learning to stomach losses - poor thing took March 2020 hard, but now he knows to sit tight) + +What are some topics that you talk to your kids about in terms of financial literacy? It'd be great if we could crowd source a lesson plan here, and in a couple of weeks, I'll update with any ppts / youtube videos I used to cover those topics. +Most people I know invest through regular method and they say it makes them feel “safe”. + +So I just wanted to know if any of you guys are investing through regular method and if so why? +I bought a few stocks in early Dec 19. It is already 30% up. +What's happening with IRCTC? +Is it a bubble. Or is there truly so much value in the stock? +Am I missing something? +The company is the biggest engineering firm. With Govt focus on Make in India and the company recently bought Mindtree also. + +Last time I read the company had huge cash reserves and was willing to pass it to shareholders. + +So, should I invest in it or stay away.? + +The share is currently trading at 1530. + +Also, The company has business interests in basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services +Regular readers may recall my business bank blocked all access to my account without telling me ([first post](https://www.reddit.com/r/UKPersonalFinance/comments/reknfa/banking_advice_sought_sole_trader_account_locked/)), and even after I and third parties gave them evidence that I was a collateral victim of fraud rather than the perpetrator, didn't do anything about it ([second post](https://www.reddit.com/r/UKPersonalFinance/comments/rn967t/update_on_business_bank_account_being_locked/)). + +After I lodged a formal complaint with the bank at the end of December, they sent me a stock letter to say they'd investigate within two weeks, then another after two weeks saying they'd not investigated and would get back to me "in due course". To date I still have no access to my business bank account since they locked it for a completely bungled fraud investigation in mid-November. + +I'm no longer going to protect their sorry incompetent asses through anonymity, so I'm happy to name them as the Co-Operative Bank. Having been a Co-Op banking customer for nearly 30 years, I'd strongly advise against using their services, and if you're an existing customer, my advice would be to find a new bank. I can understand the odd mistake, but to my mind this is a catalogue of basic incompetence. + +I've now written again requesting an urgent response, and also contacted my MP and their press office. I will be making a complaint to the Ombudsman too. I would investigate legal action but I can't easily afford to. Every further hour I spend writing letters and chasing this up is another hour I'm not earning money. +[Are Home Prices the Next “Bubble”?](https://www.newyorkfed.org/medialibrary/media/research/epr/04v10n3/0412mccapdf.pdf) + +The conclusion is particularly interesting + +“Our analysis of the U.S. housing market in recent years finds little evidence to support the existence of a national home price bubble. Rather, it appears that home prices have risen in line with increases in personal income and declines in nominal interest rates. Moreover, expectations of rapid price +appreciation do not appear to be a major factor behind the strong housing market. + +Our observations also suggest that home prices are not likely to plunge in response to deteriorating fundamentals to the extent envisioned by some analysts” + +Do you think we have a healthy housing market this time? +Mid 20s, $200k to my name and want to get started building my passive income. I have no experience, but have read and watched a lot on the internet and understand the basic process. + +My price point per property is whatever works. I've heard that cheaper properties in the $40-150k range tend to produce a higher ROI, but am open to more expensive if the math works. + +Subtracting 40% from gross ROI for property management, repairs, vacancy, etc. End goal is a net ROI of 10-12% per property. + +Plan on using 30yr mortgage for maximum leverage, then start paying off properties when I hit 10 total. + + A few things in particular I'm not solid on: + +- How to correctly value a property. How not to get ripped off for unexpected problems with property. + +- How much reserve cash I should keep for emergencies. Thinking 10% of all properties' value, but really have no idea. + +- Risks of holding 10+ properties at a time. + +- When/ how often I need to be physically present. For example, if I own a property in another state being managed by a company. + +- Unexpected comittments of holding 10+ properties. In the end, I want it to be as close to passive as possible. + +Thanks for the help! +Good morning, UKPF. + +This is a throwaway account, as to maintain my privacy. I don't know if this is the right place to ask, but I'm desperate. + +Even prior to the cost of living increases, I've found myself struggling to make ends meet, but managed to mostly stay afloat. I was a student up until now, and thus received a maintenance loan. Working part time alongside that, I've managed to rent a flat and survive, yet I was always forced into building up a little more debt every month. + +Following some urgent dental work (wisdom teeth removal), coupled with the cost of living increase, my finances have been absolutely decimated. I currently owe my landlord two months of rent, and owe another £400 to my electricity provider. As I have already received my last instalment of maintenance loan, and will not receive it any further, I only have my part time job as a source of income, which pays me about £1100 per month. I haven't been able to increase my hours, nor find elsewhere to work, in spite of trying for the past couple of months. + +Due to repeatedly struggling to pay rent on time and now being severely behind, my landlord has asked me to move out, use my deposit to pay one month's worth of rent which I owe, and find some other means to eventually pay for the other month, after I have moved out. Although I was able to find a place which would've been affordable and wouldn't have incurred additional costs due to travel or dogsitting (working long shifts, I currently leave my dog with friends over the course of the day and pick him up in the evening, which works due to them living very close to me), I have had to go through a credit check, which unfortunately marked me as a high risk. As such, I've been asked to pay two months ahead in rent, on top of the deposit, which is something I already cannot afford. As such, the deal fell through, and I no longer have a place to look towards. The issue is that I have already informed my landlord of my prospective move-in date, and they have (allegedly) already booked an inventory visit on the very date that I'd have been given access to the room, which would've been on the 12th of August. + +In short, I have nowhere to move, yet I am asked to. I do not have any friends or family which would be able (and willing) to help me with money without taking a loan, and nobody who would be able to accommodate me, my pet and some of my belongings on such a short notice. What are my options? + +EDIT: I have no words to express how grateful I am for all the advice I've already received, truly. You, people, are amazing, and a light in the dark for me in this moment.. +With markets closed today, I figured I'd sit down and take my time to share some of my tips for (options) day-traders. + +Here are the things I've learned over the past few years. + +**- Always know your numbers:** Be realistic when it comes to returns on your trades. What's a currently high yield savings account out there? 1.25%? 2.50%? Keep in mind those are annual returns for the most part. If you were to take your hard-earned money, learned a skill (for life) and decided to take life/money into your own hands (because no one else out there cares more about your money other than yourself - mind your own business so to speak), then you can beat a regular savings account if you work at it. If you entered a small trade, and gained 5-10% on it and repeated it for say 2 or 3 more trades each day, AND are consistent at it, you should make much better returns over the long-term than let someone else or another financial institution manage for you. + +**- Greed kills:** The moment you start to day-trade with options, you may have a winning trade, perhaps even 10 winning trades in a row. This is when you need to be careful. Think of it this way, every morning, before you start to trade, remind yourself what you're really after by day-trading. Extra source of income for the long-term. In order to achieve that goal, you cannot, I repeat, cannot let 1 single trade TAKE OUT YOU OF THE GAME. Trade $10.00 gains over a million trades vs try to make $1,000,000 in 1 single trade. The sooner you start to realize that, the sooner you can refine your daily goals. If your daily goal is to make for instance $200 a day, and you give yourself 4 hours of active trading time, you just simply need to to take that $200 number and split into 1-4 trades (because you'll most likely be able to find/spot opportunities within that 4 hours of active trading time you give yourself). We're talking a mere $50 in profit per trade now at this time (if you were to trade 4 times each day). If you entered each trade with say $250 or $500, meaning that's your ultimate risk at hand while in the trade, what are the chances you can take out $50 in profit? Of course, we're all not including the fact that no one can have 100% win rate accuracy. That's a given because losing trades WILL happen. But again, what are the chances you can make $50 off a $250 "bet"? Quite possible wouldn't you agree? So, keep that in mind BEFORE you start your trading day at all times. + +**- Accept losing trades:** Yes, losing trades are part of this game. The sooner you realize that you can be wrong and change your mindset, the better you'll get at trading. I'm talking about entering a $150 - $250 position, and accepting that you could lose $50, $100 or $150 off that trade. You need to be prepared to take the loss and move onto the next trading opportunity. In my experience of "day-trading" with options, I have and love to see losing trades. It simply means that I am setting myself up properly for trading in general long-term. People that DO NOT accept a losing trade, will eventually cause their own demise in a trade that could take them out of the game (forever). Some people prefer hard stops, but I personally like to train and work on myself when it comes to trading as I would like to hope that I improve daily; so I ultimately make myself press the SELL button when I realize a losing trade. You should try it sometime. It's a great thing. I tend to look at exiting a losing trade as a winning trade because now I can focus and work towards spotting another trading opportunity. Who knows, that next opportunity might make up the losing difference you just experienced and even put you "back in the green" for the day. Think positive. Accept losers. It will go a long way. + +**- Trade what you're familiar with:** Have a small watch list of stocks you follow and trade daily. I'm talking do not scan, spend hours and hours on other newsletters, group chats or forums to spot the next trade. I consider that to be quite wasteful. Remember why you are trading in the first place (yeah yeah, I get it, some just can't get rid of the rush/addiction to "gamble"), but that set aside, we're ultimately all in this to enjoy the freedom that comes with day-trading. Eventually you may be able to stop your regular work-life (whether self-employed or through an employer/job), so you can be your own boss. By simply observing those stocks every day, you get a sense of experience/knowledge that others cannot get because they are not spending as much time with them as you are. You understand if for instance stock XYZ tends to sell off in the morning, because it runs all the way back up into the green. You understand if a certain price level for stock ABC is a magnet and tends to have the stock revert back to that level after every 5-10% up or down move over 2-3 weeks period of time. You will gain "insight" information that will give you the "ultimate edge" in your day-trading. I'd say look for your own stocks. It can be anything that you're dealing with on a daily basis; Companies you understand, you buy products from, anything that interests you, but keep them to a number of perhaps 4-10, and just simply observe them. One or two of them will have a trading opportunity every almost daily. Your job is to spot that opportunity and act, and profit/lose from it. + +I can probably add a few more key points in the future, but it's lunch time with family and friends and I gotta run :) + +&#x200B; + +&#x200B; + +\*\*\*edited: **PART B is here**: [https://www.reddit.com/r/options/comments/gqi2h2/tips\_for\_options\_traders\_daytraders\_part\_b/](https://www.reddit.com/r/options/comments/gqi2h2/tips_for_options_traders_daytraders_part_b/) + +Thanks for all the great comments and feedback about my post(s). I appreciate you all taking the time to read and again, hopefully they can help with your trading. (more to come over time I'm sure). + +&#x200B; + +\*\*\*2nd edit: I did not [anticipate the correspondence](https://imgur.com/a/kkswX3z) when I set my mind to write up those 2 posts 4-6 hours earlier. It's a bit overwhelming to say the least to try to respond to all, but I'll try my best. + +&#x200B; + +\*\*\*3rd edit (05/30/2020): **PART C is posted here**: [https://www.reddit.com/r/options/comments/gtfiq7/tips\_for\_options\_traders\_daytraders\_part\_c/](https://www.reddit.com/r/options/comments/gtfiq7/tips_for_options_traders_daytraders_part_c/) + +&#x200B; + +\*\*\*\*4th edit (06/21/2020): **PART D is posted here**: + +[https://www.reddit.com/r/options/comments/hdftii/posting\_to\_answer\_some\_commonrepeated\_questions/](https://www.reddit.com/r/options/comments/hdftii/posting_to_answer_some_commonrepeated_questions/) + +\*\*\*\*\*5th edit (06/27/2020): **PART E is posted here:** + +[https://www.reddit.com/r/options/comments/hgtk79/dont\_get\_caught\_up\_with\_focus\_on\_proper\_trading/](https://www.reddit.com/r/options/comments/hgtk79/dont_get_caught_up_with_focus_on_proper_trading/) +EDIT: Obviously the title should say "we NEED to talk about inflation." And I need to think about sleep. + +APES. Well the dip machine might be broke, but I can deal with a little sideways trading every now and then. Makes the deep green days feel all that much more special, ya know? And boy oh boy, there are deep green days in our future. + +It's the weekend again, so you know what that means. Time to grow some more wrinkles with the OG king ape, Michael Burry. Now before we go any further, let's address the elephant in the room: HE'S BACK!! My man is back on twitter after a nearly 3 month hiatus, and call me crazy but I think that is the most bullish sign yet. Whatever is going to happen will happen. The die has been cast. + +So the Fed had a closed door meeting this week, and as I was listening to Jerome Powell give his presser and making jokes about what he was saying, at a certain point I realized that almost all of the questions mentioned the word "inflation." I wasn't surprised exactly, but it did hit me how real things are becoming. Even main street media is openly talking about inflation now. Shoot. + +Anyways, during the presser, Burry tweeted this: + +&#x200B; + +[welp...](https://preview.redd.it/siwgd0gyj4671.jpg?width=750&format=pjpg&auto=webp&s=042ad9f5195710b8f28319586b9557666c0ed9dd) + +For fellow apes who might not speak English primarily or know the idiom, here is the definition of "whistling past the graveyard." + +**Definition of** ***whistle past the graveyard*** + +*informal:* to act or talk as if one is relaxed and not afraid when one is actually afraid or nervous. + +*He shows a confident manner, but he may just be whistling past the graveyard.* + +Burry has made it clear in the past that he thinks inflation is a very real worry for the U.S. And I would have to agree with his assessment about the Fed's presser. Powell talks a good game, but if you watch him closely while he speaks you can see he is very nervous about something. In one sentence Powell says they are very confident inflation will remain anchored around 2%; the next he says he has "no idea" where the U.S. economy will be in two years 😳. At one point, a reporter said point-blank: "so it sounds like you think next year will be a down year for the economy, with inflation." And Powell responded by saying "well, it will be a year with less fiscal support." + +\*Gulp\* + +I don't know about you, but if we are going to go full-bore toward inflation I would prefer to at least start reading up on it. Preparing for the worst sucks because you have to think about... well, the *worst case* scenario, but the great thing is that if you can put up with the discomfort you will feel better. So grab your weekend beverage of choice, and let's grow some wrinkles, shall we? + +**The Ascent of Inflation** + +Like I mentioned, this is not the first time Burry has talked about inflation. He had an extensive series of tweets back in February about the subject which I found fascinating. You might find value in reading it all too, [kindly preserved by the Burry archive Twitter account.](https://twitter.com/BurryArchive/status/1363226650016509953) + +Today I am looking at three main tweets from that chain, shown in these two pictures below: + +&#x200B; + +[\*whistles\*](https://preview.redd.it/pl7drf64o4671.jpg?width=1100&format=pjpg&auto=webp&s=656c5b54c28ce2c03e42c517871a9d3be5b48fb4) + +[\[whistling protocol broken\]](https://preview.redd.it/l62qaxl2o4671.jpg?width=1100&format=pjpg&auto=webp&s=6600905460210b892986d47decd342ffb33a6a2f) + +Burry is quoting extensively here from a book about the German hyperinflation during the Weimar Republic, just after World War I. The book is Jens O. Parsson's "Dying of Money: Lessons of the Great German and American Inflations." I read parts of that book, and it has quite a few things to say that I think are very valuable for us. + +Parsson describes what he calls the "ascent" of the hyperinflation of Germany with a few key identifying factors. I made a pretty lil' infographic with lots of blue crayons for you that spells it all out. (Change my mind: blue crayons taste the best. Blue Raspberry. Yumm.) + +&#x200B; + +https://preview.redd.it/otrw250rb5671.png?width=800&format=png&auto=webp&s=49a7def11db26fca65cd84a3160e3c3981fedf64 + +Now, there are notable overlaps with our current situation but I want to be clear that it is not a perfect overlap. Just to go over it briefly, here are my thoughts on the stages listed above. + +1. **A Crisis that is "fixed" by printing money:** We certainly had our "World War I" crisis with COVID. The Fed has introduced more money into the economy through stimulus checks and reverse repo (we will go over that in a moment), and at the moment, already at 5% inflation, there is no end in sight. +2. **Gap between the 99% and the 1% widens:** It has been well documented that the wealth gap only widened due to COVID as unemployment skyrocketed, people were forced to stay home, and the richest people in industries that were unaffected by the pandemic (media, online retail, etc.) only grew richer. +3. **Extremely high volumes of market trading:** our stock markets don't run off paper anymore, but there are parallels to find. For example, stock closing prices being adjusted in after hours (hmm, which stock have we seen this with recently? 🤔) and also trading halts that are specific to a certain brokerage (Burry gave us a pretty big hint with this one by adding #robinhooddown to the tweet where he references this, the first of the February tweets I posted above. Also, did you notice what the feather next to "stage 3" on the infographic looks like?) +4. **Increased crime and sectionalism:** This I would say anecdotally is true, but honestly I don't have stats to back it up and it is more of a social issue than an economic one. All I will say is that I can never remember living in a time where the country seemed more divided. But you beautiful apes have changed my mind on that. +5. **Decrease in "Natural Selection" in the market:** This one fits in certain respects but it doesn't in others. It is true that many businesses went bankrupt over the last year or so. But that was because of the COVID recession, not natural price discovery. And I wrote in [my DD last week](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/) about how the passive investing craze is actually making price discovery almost impossible in the market. +6. **A long, slow buildup with an epic collapse:** This one is definitely not known. It can't be known, not as of yet. But the point is, once we know... it will be too late. There is ample reason to think that we are nearing the end of the buildup or the "gestation" phase and are possibly moving into the more violent stage, as we will see below. + +**A Look Under the Hood** + +There are any number of technical indicators we could look at to try and measure inflation. For the sake of simplicity I will focus on just a few here, but the results are no less drastic. First, let's take a look at M1. M1 is the measure of the amount of liquid money in the economy at a given time. When there is an excess of money, as in the case of inflation, it has to go somewhere, right? + +&#x200B; + +[DOO do do doooo I hear a lot of people talking about inflation so imma just pop the hood up and OH MY GOODNESS WHAT DID THEY DO TO IT?!?!?!?](https://preview.redd.it/7lkbwfsn15671.png?width=2855&format=png&auto=webp&s=381004c9526faf73cf20a89d29597080a9124424) + +Well, there it is. Now, I will admit that the first time I saw this I actually brushed it off as whales liquidating assets from the market, both during the COVID crash last March, and also this year in anticipation of... whatever it is we are about to go through. But I find it far too conspicuous that the spike just so happens to coincide with the Fed turning the money machine on last year. I asked this question last week about the S&P 500 and I ask it again this week: does this look natural to you? Because it certainly doesn't to me. + +A second indicator we can look at is the *velocity* of money, or how fast money is moving through the economy. One way to think of this is the ratio of money to the GDP. Maybe a simpler way to look at it as the demand for money, or the rate at which money is used for transactions. And-- + +&#x200B; + +[Wut doing velocity of M1?](https://preview.redd.it/erpc4nll35671.png?width=2860&format=png&auto=webp&s=b0f2428b26a13992b04233d9e922bf4dbcd06493) + +Whoops! It just fell off a cliff, meaning there is now virtually no demand for money. Ah well, nevertheless. + +Ok, one last chart, I promise. This is the reverse repo facility usage. + +&#x200B; + +[I'M IN A GLASS CASE OF EMOTION!!!!!!](https://preview.redd.it/fpdwpaad55671.png?width=2877&format=png&auto=webp&s=d97d572aab24bcf25fd10e1cbe4bf363035d2b87) + +You have no doubt heard a lot about this over the last week, as we are on quite a streak for new records set each night with reverse repo usage. The reverse repo facility is a "facility" where large institutions can "park" money that they have liquid to keep it inflation proof. Having too much cash on hand is a liability, especially in an inflationary environment after all. And these big banks are "parking" their money overnight at the facility because **they don't have any other investments that they think can beat the Fed's promised 0.05% interest rate offer.** Think about that for a moment. And I should mention too: the 0.05% interest rate was an announced increase as part of the Fed's presser yesterday. The Fed isn't slowing down the money printer -- **they are turning it up.** If that doesn't scare you, I have some lovely oceanfront property in Kansas I'd like to sell you. + +**My main takeaways from this exercise:** + +1. **I want to make it absolutely clear:** ***I am not predicting that we will end up with hyperinflation.*** **But it is absolutely within the range of possibilities, and I don't know how you could conclude otherwise after seeing these figures. I don't want to be an alarmist, but we are on the brink of a very turbulent financial era, whatever it winds up as. Now, Powell did say that next year will be a year with less fiscal support. So that gives me some hope that he knows the money machine can't print forever. I just hope he shuts it off in time.** +2. **Speaking of what this next era will look like, in reading Parsson's book I noticed some interesting things with regard to how Germany handled war funding differently from the other combatants. To different degrees, it seems like everyone - Germany, Britain, France, the U.S. - all had to turn the money printer on. But Germany was the only country that didn't turn it off until it was too late. In America, the decision was made after the war to "take our medicine" economically and deal with a 1-2 year recession. Is it a bad sign that I would be thoroughly relieved if that is only what this is, a 1-2 year recession?** +3. **Some of the images described in the book are truly terrifying: workers bringing a day's pay - billions of marks - in wheelbarrows to the bakery to buy bread; all the marks in existence not being enough to buy a train ticket or a newspaper by November 1923, etc. Call me crazy, but I am optimistic that it will not come to that. But it might require sacrifices on our part, and it will require the people in power to do the right thing.** +4. **For the sake of length, this post focuses mostly on the buildup to inflation rather than the sprawl or the effects of inflation. That, my friends, is the subject for a future post.** + +**~~Hodor.~~** + +**~~Hold the door.~~** + +**~~Hold.~~** + +**HODL, you beautiful apes.** + +**Not financial advice. I literally can't tell my own rear end from a coconut.** + +Past "Growing wrinkles with Michael Burry" posts: + +[Beware of Passive Investing Post-MOASS, June 11 2021](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/) + +[A Look Back at What Michael Burry Knew, June 4 2021](https://www.reddit.com/r/Superstonk/comments/nsmbnk/a_look_back_at_what_michael_burry_knew/) +Let's say I have $50 credit card, and I use that to withdraw $50. I then put the $50 back into checking, and make a full payment on my credit card, putting me back to $50. Would this work for building credit? +I find Quantopian a little bit complicated to perform simple analysis, so I collected all the code I use in various Jupiter notebook to make portfolio analysis in one pip installable python library. I would like what do you think guys. + +[https://github.com/Tokukawa/PortfolioAnalyzer](https://github.com/Tokukawa/PortfolioAnalyzer) +Just thought I'd post some screenshots to some work I've been doing: + + [https://i.postimg.cc/NgSW-852S/oil.png](https://i.postimg.cc/NgSW-852S/oil.png) + + [https://i.postimg.cc/rcSvWyVZ/tsla.png](https://i.postimg.cc/rcSvWyVZ/tsla.png) + +The basic premise was that when an important entity (news agency/politician/government agency) tweets, sometimes it will impact on certain share prices. If I were to setup triggers on certain words from certain twitter accounts and a corresponding stock, which would buy and then sell some duration afterwards (eg. 10 min). I would in the long run make a profit, or at least do better than trading at random. + +Well, I've not found it to work (in backtesting). I know very little about trading, so maybe I was foolish, but at least I've gained some programming experience... + +Interesting to see that Trump phoned [@JoeSquawk](https://twitter.com/JoeSquawk) to tell him of a 10 million barrel oil cut before posting his tweet! +Fake money or not, you have to respect the inverse talent. Absolutely spot on. + + + +Edit: A few people from outside WSB seem to be a bit out of the loop. Rather than explain it over and over again I thought I'd just add a brief explanation of what's been going on: + + +> Quite a long time ago the members of WSB got together and developed a trading algorithm. It was a bit of a joke at the time, but progressed much faster than anyone thought it would. Obviously it's not 100%, but it's pretty damn impressive. In particular, it did an amazing job calling the various oil moves a few years ago. + +> However, thanks to repeated waves of immigration from /r/all the percentage of members of WSB who had actually contributed to the original algorithm is pretty small. The original cabal didn't want to share the knowledge with all the plebs so had to decide a new way distribute the algo trading knowledge. + +> This is where Mr Frank "wolfman" C0meau comes in. He was an alter-ego thought up years ago by /u/jartek . Originally he just came out for long weekends and special occasions; he was meant to be a vicarious parody of /u/americanpegasus . However, jartek realised that this offered an outlet to distribute the algo's knowledge. +> Whenever the algo light starts broadcasting, jartek runs down into the basement lair, dons the wolfmask and suit, and gets ready for action. He releases the algorithm's prediction in inverse form for the faithful to interpret. To save WSB from itself. + +> tl;dr: + +> He's the hero WSB deserves, but not the one it needs right now. So we'll hunt him. Because he can take it. Because he's not our hero. He's a silent guardian, a watchful protector. A furry wolfman. +I see it steadily moving back to 300, it seems no matter how low or high we manage to get it always reverts back to 300. All you can do is HODL I guess +This isn't rocket science folks. + +I get a kick out of BTC bag holders who often troll posts on this reddit group, clinging to the notion that one day ETH will give back some of it's market share to BTC, as if there is no reason for the shift that is currently taking place. + +For example, a few weeks ago an "expert crypto analyst" posted this youtube video: + +https://www.youtube.com/watch?v=Y_90ZOJNKOg&t=92s + +As we all know, the exact opposite happened which means anyone who took his expert advice got thoroughly rekt. + +And that is because you can't be blind to the fact that ETH is far superior in every way to BTC and use a chart like a fortune teller uses a crystal ball. + +This is not a see-saw and if it is, there is a heavyweight on one side of that see-saw and a baby on the other side. + +Let me make it crystal clear for the weak hands that have the tendency to get swayed by FUD: + +Technology - ETH wins +Developers - ETH wins +Business Adoption - ETH wins +Dev Team - ETH wins + +You exchange your ETH for BTC? - You lose +*TLDR: reached FI through combination of hard work and luck. FI ain’t everything. Warning: lots of humblebragging ahead!* + +I’ve been running after financial security since I was a wee lad. I figured I had no inheritance (not a wealthy but a hardworking family). I grew up in India, and nepotism was a reliable strategy there to get to a better station in life – and I didn’t have those connections either. I wasn’t poor and certainly didn’t feel poor, but might be considered such by western standards (family income was less than $500/month – which is actually not that bad in 80s India!). Anyway, I thought my only ticket to a comfortable life was to work harder than others around me. + +The wheels to FI were set in motion when I became a teenager. I got serious about studies and went from near-last in class to first in one year. I remember studying by candlelight (my town had chronic electricity issues), and picking my skin to point of blood in order to stay awake. I would mark the pages I knew by heart by little smudges of my blood (I know, gross, but I gotta paint a picture here!). There is no-one besides my wife that knows this crazy stuff. Didn’t let up on the gas and ultimately got a full scholarship to a US college. I owe a lot to US colleges investing in foreign students. + +About 5 years ago I sat down and thought seriously about FI. Didn't know about this community or the fire movement then, but I've dreamt of "financial independence" at least since I entered the workforce in my very early 20s. I just hated depending on ‘the man’. Based on no math whatsoever, I figured my goal was to get to $4M by age 40, and then I'd feel financially secure. I think there is a tendency to overshoot when SWR math is not known, and I was certainly guilty of it. Plus the symmetry between 4-M and 4-0 seemed pleasing, so it must be the right number! + +I hit the financial goal I had for age 40 years ahead of schedule! This deserves some explanation. I didn’t get here by IPO, crypto, tech route. If you think I’m envious of those – I am. If I could get here by less suffering, I would have. + +After college I worked in management consulting (think MBB). I lived extremely frugally and saved money. However, I did save it wrong (traditional savings account earning 0.0x%…ouch!). Growing up I was told stock markets were ‘gambling’…my dad lost money in the Indian exchanges. It took me until my early 30s to deprogram that shit and start investing. I carried the blood-letting studying ethic into my working years. Spent (misspent?) my 20s on work. Like Forest Gump, I gumped my way to long hours year after year trying to get to the top of my field. I never stopped running. I was so afraid of failing. A lonely and scared immigrant pretending to live a normal life. Working 18 hours days...and going back in the wee hours of the night to my 300 sq.ft apartment. I did this for years. A decade in fact. + +However, I didn’t get to my goal just by saving my salary (which is great, but not *that* great). I got there by creating a solution for old industries to modernize by leveraging advanced analytics – winning huge contracts and getting rapidly promoted to profit-sharing role. What they say is true, in many scenarios not including hi-tech/medicine – W2 comp alone is not going to get you to the very high numbers. + +Speaking of numbers. I discussed with my SO and we figured that we need around $130k pre-tax to account for our foreseeable annual expenses. What precipitated this post is that I realized that I am expecting my dividend & investment income (100% passive) to be a little above $130k in 2020! + +Here is how that is generated: + +1. House: $700k (no income) +2. Equities: $5.5M (about $110k passive income). Mostly in index funds, I dabbled in individual stocks and I'm now selling them selectively (e.g. when total return is negative) and shoveling into index. Bogle is investing gospel. +3. Bonds+money market+cash: $1.3M (about $25k passive income) + +Now, for the final part. Having gotten to "FI", I realize that it's not everything. Don't get me wrong, it is **awesome** to not stress about money. It is **incredible** to have FU money and so I don't stress about work either. It's just that goals change. There are some things I want to work on now. These are health, cultivating new friendships, and if I'm being brutally honest - rediscovering who the fuck I am after years of chasing financial security. What am I interested in? How do I want to live my life? How do I want to contribute (without running a concurrent analysis of the $ I'm getting in return)? + +No regrets though. My journey made me who I am. I am looking forward to who I become and incredibly grateful to have the FI tailwind in my sail. I was lucky, I worked hard, I fucked up but then got up. + +**Edit#1:** More (useless?) practical details: I use Schwab as my main brokerage. Love their customer service and low cost. I was using Robinhood too, but for various reasons just ported that account over to Schwab (can explain my decision if you ask). I'm trying to make sure all my index funds have gross expense ratios much smaller than 0.1% (my biggest holding is SCHB with 0.03%). In terms of money market funds, vanguard has some really good ones such as VUSXX (no state taxes, good for states with high taxes and for high-income years) and VMMXX. They pay similar to Ally, which is my HYSA. I keep FDIC-covered about $250-300k in Ally, rest cash in these money market funds. +My mother has been in charge of my finances since I was 16 years old. I recently discovered how much student debt has accrued in my name. + +Back story: my mom went on disability when I was 15 for PTSD. She continuously told me we could not afford rent or bills with her social security check. I felt guilty and got a full time job when I turned 16. At this point, I was giving her my entire checks to help out. Eventually she over drafted this account and opened up a new one in my name. This was eventually over drafted, too. + +I began going to college in 2011. I noticed I was receiving large rebate checks from the university, but was under the impression the bulk of it came from grants and scholarships. I was still working full time and allowing my mother to be in charge of the finances. She told me since I was working so hard I didn’t need to stress over getting the bills paid and that she was taking care of it. Between these rebate checks, she would complain about not having enough money. + +I noticed she was taking out credit cards in my name. We had argued over it, and eventually she told me they were all paid off. A couple of years ago, my checks began being garnished for a debt that she said she didn’t know about. At this point, I should have looked further into everything but continued to trust her. She said it was the only credit card. + +She has stopped receiving help for her PTSD long ago. There was an issue with her doctor who was giving her terrible advice and drugs that didn’t seem to mix well. This doctor no longer has their license and my mother has never made an effort to seek new help or get back into a career. She blames it on trust issues. + +While only bringing in her social security check, she was making extravagant purchases, like a SUV off the lot for 50k. In retrospect, she must have been using money from my federal student loans. She would have never been able to afford this. + +We have been arguing non stop the last year over unrelated things. In May, I decided to really dig into my own finances. I discovered my student debt is currently at 75k, that I have 3.5k in credit card debt, and 4K in credit card debt that’s in collections. I told her she owes me back a minimum of 50k for the SUV she bought, since I don’t even have a license and never drive the vehicle. I explained that I would pursue legal action if I had to. + +I made the decision to move out by the end of this month. It seems like the only way to fully cut ties and begin to figure out how to handle this situation. I finish my masters degree next fall, in which I will have to start paying back my student loans after 6 months. For the time being, I am staying in my graduate office to save up for a little bit while working two service jobs. + +She has tried to convince me to stay for the remainder of her lease (I am not on it) and to co-sign for a cheaper car. The engine blew on the previously mentioned SUV and I have been paying for her current car that I was guilted into co-signing for. I have told her no to both staying with her and co-signing. Last week she was hired at a company that I think she could do well in, but she is claiming she is going to get evicted and the car repossessed if I do not stay. She said that there is no way to pay me back if that is the case. + +This is a very layered, complicated situation. I know I should have looked into things much earlier. It was stupid to let someone else control my finances. Prior to looking into my debt myself, I estimated being 20k in and was willing to pay that. I was way off. + +Does anyone have advice? Should I try to pursue legal action if she does not begin to help paying me back? Due to other situations that have not been mentioned here, I am not worried about saving our relationship. + +Edit: To be clear, the credit cards were taken out without my approval. +Guten Morgen to this global band of Apes! 👋🦍 + +I love the fact that each day there is a steady diet of new DD. +It is *exciting* to come here each day, with a strong chance of learning something new. +As we continue to forge ahead through some of the most uncertain times in decades, the effort that goes into DD continues to impress. +That is the most enduring aspect of Superstonk. + +Yesterday's price action was quite exciting. +I don't recall anytime with a larger increase during the German market, and it continued to be extended through the day. +There definitely seems to be a bit of separation between what the broader market is doing and GME. +Will we see a repeat today? + +Today is Wednesday, September 28th, 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: **$25.70 / 26,65 €** *(volume: 2066)* +- 🟩 115 minutes in: $25.69 / 26,64 € *(volume: 2066)* +- 🟥 110 minutes in: $25.68 / 26,62 € *(volume: 2060)* +- ⬜ 105 minutes in: $25.68 / 26,63 € *(volume: 2060)* +- 🟥 100 minutes in: $25.68 / 26,63 € *(volume: 2058)* +- 🟩 95 minutes in: $25.87 / 26,82 € *(volume: 2058)* +- 🟩 90 minutes in: $25.87 / 26,82 € *(volume: 2038)* +- 🟩 85 minutes in: $25.72 / 26,67 € *(volume: 1988)* +- 🟥 80 minutes in: $25.58 / 26,52 € *(volume: 1988)* +- 🟩 75 minutes in: $25.63 / 26,57 € *(volume: 1988)* +- 🟥 70 minutes in: $25.58 / 26,53 € *(volume: 1988)* +- 🟥 65 minutes in: $26.03 / 26,99 € *(volume: 1189)* +- 🟥 60 minutes in: $26.20 / 27,17 € *(volume: 1184)* +- ⬜ 55 minutes in: $26.22 / 27,19 € *(volume: 1087)* +- 🟩 50 minutes in: $26.22 / 27,19 € *(volume: 1087)* +- 🟥 45 minutes in: $26.22 / 27,18 € *(volume: 1087)* +- 🟥 40 minutes in: $26.27 / 27,24 € *(volume: 167)* +- 🟥 35 minutes in: $26.28 / 27,25 € *(volume: 142)* +- 🟥 30 minutes in: $26.36 / 27,33 € *(volume: 117)* +- 🟩 25 minutes in: $26.38 / 27,36 € *(volume: 40)* +- 🟥 20 minutes in: $26.38 / 27,35 € *(volume: 40)* +- 🟥 15 minutes in: $26.38 / 27,36 € *(volume: 40)* +- 🟥 10 minutes in: $26.40 / 27,37 € *(volume: 25)* +- 🟩 5 minutes in: $26.41 / 27,38 € *(volume: 25)* +- 🟩 0 minutes in: $26.40 / 27,37 € *(volume: 5)* +- 🟩 US close price: $26.13 / 27,09 € *($26.20 / 27,17 € 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 0.9644. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +First of all, the point of this post is not to tell you how high I think GME will go. This is about how this squeeze is going to affect history. + +All of this short squeeze business is nothing more than a numbers game. We’ve been hearing price targets from $1k to $100k, with $100k being considered outlandishly high. + +Yes, it’s a lot of money, but this situation boils down to nothing more than a math problem. Math does not care if its a lot of money. + +So lets look at some numbers. The most similar event we have ever seen in history is the VW squeeze. This was caused by hedge funds owing a short interest of **12%** and Porsche buying up **43%** of the float. VW became the most valuable company in the world, which in GME’s case would put it at $30,000 per share. + +As we all know, GME was shorted 140%. And Im willing to bet that us 💎🤲🦍 are currently holding well over 43% of the float, with no intention of letting go. + +I dont need a phd to tell you what that means for GME. + +So lets say GME hits $100k, which if you look at the numbers, is a massively conservative estimate. + +The hedge funds are dying at $300. At $100k they are going to have to liquidate every asset in their possession to cover their shorts. All their stocks other than GME will be sold. This means the rest of the market is going to plummet. I estimate that march 2020 will look like a joke. The hedge funds will have no way to cover, and someone is going to have to bail them out. **Our economy is about to collapse.** + +The hedge funds know this. Why do you think they are so long on Silver and Gold? Precious metals perform well during recessions. + +Andddd because this is WSB, here are my positions: +- GME shares +- SPY 374p 2/5 +- SPY 300p 3/1 +- SPY 250p 3/1 +- UVXY 14c 3/1 +- not a single SLV call or share because fuck the hedge funds + +TLDR: 🦍🦍🦍💎🤲🌈🐻 + +Edit: +To those of you saying I’m making up numbers: + +[VW was shorted 12% and Porsche bought 43%](https://www.msn.com/en-us/money/topstocks/heres-how-the-gamestop-short-squeeze-is-like-the-vw-squeeze-of-2008/ar-BB1d9yVI) + +GME as most valuable company in the world: $2.25T/69.5M = $32,375 + +I used $100k as a lower bounds for the price because we can assume a 10x higher short percent would create more than a 10x higher price, so multiplying by 3 is a safe lower bound. +**$IDEX - 1 million sq ft facility in China with 18,000 sq ft electric cars opening in summer. TODAY PR came, they did $33M in first month, expecting to do more in June.** + +&#x200B; + +>\- Province to province getting mining and heavy duty contracts in China, CEO said it himself. +> +>\- Treeletrik will IPO in 2020 another company they own. They own land like Fintech Village (Failure but land has value, looking for partners), They own grapevine logic, a competitor FameBit was sold for $1B to google +> +>\- Just started a partnership that will invest in China. +> +>\- Have an order to fulfill for $575M worth of buses. 5000 buses +> +>\- Qingdao City Construction Investment Group signs up to RMB 50 Billion (approximately USD $7 Billion) fund to finance investments in Shandong Province Ideanomics' MEG Group will be the beneficiary of approximately 20% of the new fund which will be allocated to purchasing EVs in Shandong province +> +>\- Ideanomics' MEG Signs Agreement with Beijing Xenning Green for EV Procurement and Financing +> +>\- Deal includes procurement of more than 100,000 buses over five years +> +>\- Owner - Billionaire - His wife - Forbes top 100 most powerful women +> +>CEO - Sold his company to AOL - CFO - was CFO of a billion dollar company +> +>Vice Chairman - part owner of WWE - Their Office Space - Near KMPG and Watsons +> +>\- YorkVille Advisors are known for buying and holding their positions, they just bought $1.5M worth of $IDEX yesterday and we shot up 100%. Today after hours they bought $10M of common stock. +> +>They are only 17 minutes from IDEX headquarters. Clearly some inside info they know thats why they bought $10M at $1.11. + +&#x200B; + +Source: + +&#x200B; + +IDEX is focusing on the EV market in China. A huge new trend. + +&#x200B; + +1. $IDEX also has a 1M sq ft facility for EV cars that will open this summer in China. [https://twitter.com/ideanomicshq/status/1268924154545307648](https://twitter.com/ideanomicshq/status/1268924154545307648) +2. Original founder part of owned WWE in US. +3. Current owner is a Chinese billionaire. His wife is ranked Forbes 100 most powerful women in america. She was chosen to represent China as the ambassador for Beijing’s bid for the 2008 Olympic Games. +4. Current CEO sold his company to AOL. +5. Current CFO is Conor Mcarthy who was CFO of GFI Group - a brokerage firm doing $1B and publicy traded +6. $IDEX entered a partnership with Business Big Data PTE. +7. The seven key development areas for new infrastructure construction are: 5G, UHV, intercity highways and intercity rail transit, new energy vehicle charging stations, big data centers, artificial intelligence, and the industrial Internet. + +An address search came up with the following: 16 RAFFLES QUAY #41-01, HONG LEONG BUILDING. + + Ideanomics (@ideanomicshq) + + The MEG Center in Qingdao is a 1 million sq ft EV expo center with the capacity to hold 18,000 vehicles. The official ribbon-cutting ceremony will be held later this summer. For updates, sign up for our monthly newsletter: https://t.co/KtERMwWyUQ https://t.co/ECIt4Q7z7j + + Twitter [6:11 PM] + +It's a major building with many key companies. KPMG, Watsons, both are visible on street view. Of course this doesn't show much, but it does show they are surrounded in an office with major players. + +7. BIG PARTNERS [https://pbs.twimg.com/media/EZgf5-HWoAAuZbQ?format=jpg&name=large](https://pbs.twimg.com/media/EZgf5-HWoAAuZbQ?format=jpg&name=large). You can see here tons of top companies are partners of $IDEX. + +8. Zhu Jun leads their energy group. Zhu was a general manager for Zhejiang Kangsheng Co., Ltd another $1.8B company. + +9. [https://www.proactiveinvestors.com/companies/news/917776/ideanomics--electric-vehicle-division-eyes-chinese-government-initiative-to-increase-ev-adoption-917776.html](https://www.proactiveinvestors.com/companies/news/917776/ideanomics--electric-vehicle-division-eyes-chinese-government-initiative-to-increase-ev-adoption-917776.html) Just read this. + +10. BEST PART, volkswagen [https://twitter.com/BullsFreds/status/1268758304723013637/photo/1](https://twitter.com/BullsFreds/status/1268758304723013637/photo/1) + +11. The vice chairman just converted his notes into shares. As an insider, he knows something we don't. He converted it at .59, so if the vice chairman 100% knows his notes are safe at .59, he knows this thing is about to explode soon. + +12. [https://www.proactiveinvestors.com/companies/news/920280/ideanomics-says-meg-division-forges-strategic-alliance-with-smart-travel-tech-leader-qinou-to-rev-up-electric-taxi-sales-920280.html](https://www.proactiveinvestors.com/companies/news/920280/ideanomics-says-meg-division-forges-strategic-alliance-with-smart-travel-tech-leader-qinou-to-rev-up-electric-taxi-sales-920280.html) + +The partnership is expected to drive projected sales of 30,000 units by 2023 valued at approximately 4 billion renminbi ($562 million). + +13. [https://www.prnewswire.com/news-releases/ideanomics-announces-updates-on-treeletrik-subsidiary-plans-ipo-301021506.html](https://www.prnewswire.com/news-releases/ideanomics-announces-updates-on-treeletrik-subsidiary-plans-ipo-301021506.html) + +Treeletrik is looking to IPO in 2020 a company $IDEX has a 51% ownership in land alone at Kuantan Pahang is worth $25 million. + +14. they have fintech village, looking for investors, land alone worth $5-20 million + +15. [https://twitter.com/BullsFreds/status/1269688289721810944](https://twitter.com/BullsFreds/status/1269688289721810944). Watch this, it's massive. + +16. Ideanomics MEG just announced its EV partners to fulfill multiple EV taxi sales orders: BYD, Dong Feng Nissan, Chery, Kia, Geely, and Tesla. [https://investors.ideanomics.com/2020-06-10-Ideanomics-MEG-Finalizing-Multiple-EV-Taxi-](https://investors.ideanomics.com/2020-06-10-Ideanomics-MEG-Finalizing-Multiple-EV-Taxi-Orders) + + Ideanomics @ideanomicshq + + Ideanomics MEG announces its EV partners to fulfill multiple EV taxi sales orders: BYD, Dong Feng Nissan, Chery, Kia, Geely, and Tesla. http://ow.ly/DUZf50A3VNu + + Twitter 7:30 AM · Jun 10, 2020 · Hootsuite Inc. + +&#x200B; + +\*Note: original post was mistakenly auto removed by bot moderator due to wrong flair. Human mod helped approve the 're-post'. + +&#x200B; + +Edit: reply to u/terobau on if i'm still holding IDEX stocks: + +Of course, IDEX holds better than any stocks I have in the plunge today, which strengthens my confidence in the company. Ideanomics price re-climbed after hours after good news about their second-stage of debt conversion. If the Chairman and Vice-Chairman and the company's investors, Venturas and YA II PN, don't believe that the company could grow, they wouldn't put money into the company with the intention of converting it into equity. + +So, what is a convertible debt? + +>It's simply a loan that an investor provides to a startup. It's a loan that's made with the intent that it's not going to be paid back, but the intent that in the future it'll convert to ownership in the company. Typically, it'll convert into stock in a C corp. Convertible debt is very common method to startup companies. + +On June 11, 2020 IDEX announced the second-stage of debt conversion, with the noteholders of each of the senior secured convertible debentures, and subordinated secured convertible debentures originally issued by the company during 2019, representing approximately USD 10.6 Million owed to two NY-area funds, ID Venturas and YA II PN. This comes on the back of last week's announcement that the Company's Chairman and Vice-Chairman had each converted their debt as part of the Company's plans to clean up its balance sheet and reduce interest payments as it gears up for growth. The effect of this has pushed out the average maturity on remaining debt until mid-2021. [https://www.prnewswire.com/news-releases/ideanomics-announces-reduction-of-debt-holders-as-part-of-growth-plans-301074797.html](https://www.prnewswire.com/news-releases/ideanomics-announces-reduction-of-debt-holders-as-part-of-growth-plans-301074797.html) +As the title states... I battled a severe drug problem from the ages of 25-30, during which time I lost absolutely everything. I was finally able to get clean (and stay clean) 18 months ago and now I am trying to figure out if there is any chance that I can fix my current credit issues, or if my only real option is to file for BK. If BK is my best option then I obviously want to do it sooner than later as I know it will be hanging over my head for years to come. + +I currently have a credit score of 565 based on my credit karma app. I realize that this is not necessarily 100% accurate but based on the information detailed in my profile, I think it is definitely close enough for what I am trying to figure out at this stage of this process. + +My profile shows that I have the following closed accounts: Well Fargo $22,542 (3/1/2013) Chase $5,888 (7/8/2013) Amex $2,824 (5/27/2013) Capital One Auto $5,877 (6/30/2014) Student Loan $16,689 (5/5/2016). + +I currently have $1,572 in collections, which I believe is made up of 3 unpaid medical bills and a delinquent Goodyear Tire Credit Account. + +I started a new job here in California about 5.5 months ago where I earn a base salary of $40,000 and have the ability to earn commission each month. Since starting 5.5 months ago I have earned approximately $15k in commission but the payment structure is set to pay out each commission over 12 months, so of the $15k I have earned, I have received a little over $5k and the rest will be paid out over the next several months. I hope to earn about 70k this year but based on the pay out structure its not like 70k will be my annual take home as anything I earn towards the end of the year will be paid out over the following 12 months. + +Lastly, I recently opened a secured credit card in the amount of $300. I realize that this was probably a little premature but I am desperate to start getting my credit score up mostly so I will be able to finance a car in the future as I am currently driving a 20 year old Honda (which has been a god send for the short term). + +I have spent endless hours on this sub trying to figure out my options and I felt that it was finally time to post something in hopes that someone could provide some insight as to what my best plan of action might be. + +I have read about the SOL for credit reporting being 7 years from the time the account became delinquent, but I don't fully understand the ins and outs and I don't want to get sued unexpectedly for unpaid debt. The reality is I have nothing to my name other than a few hundred bucks in my account at any given time, a 20 year old car, a rented apartment for $900/month (which miraculously did not require a credit check) and most importantly 18 months of sobriety. + +So, where do I go from here? Do I have any shot at fixing my past financial wreckage or is my best bet to start the process of BK and take the fresh start even though it will affect my credit for close to the next decade? + +EDIT* I appreciate everyone's answers and encouragement. One other thing that I don't really understand is why so little of my delinquent debt is in collections and what I can expect to happen in the future. Just seems a little odd that a medical bill that is less than a year old and for a couple hundred dollars would immediately be sent to collections, whereas over $20k in Wells Fargo credit card debt is not. + +Edit #2: Again, thanks for all of the answers and encouragement. I also forgot to add that I have a judgement against me for $3,300 from when I got evicted from my apartment in early 2013. Based on my credit karma app the judgment was posted on 5/2013. + + +Good morning apes! + +Another beautiful day of chart watching ahead of us. GME got hit with a pretty hard short to get it to close under 200 it drove right back up and stabilized there at market close. I expect a lot of yesterdays action was to get some of the gamma exposure off the market maker and longs taking advantage of the IV crush after the hard run. Most of the shorting that occurred happened on very low volume As call options poured in like crazy yesterday. + +[Updated and compensated for the flat day of consolidation ](https://preview.redd.it/u9mr8nis6pj71.png?width=2459&format=png&auto=webp&s=2329b9d7ddb18f91d7ec0f3d5706905b532092b9) + +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... + +If I suspect forced liquidation is occurring, I will be stepping away from reddit and then the stream. + +# After Market + +Closing out the day about a dollar down from my low estimate this morning. The volume is really throwing of the model 14m --> 10m --> 5m. Makes it hard to track but also shows a consolidation pattern. We may see a nice break out tomorrow but if shorts continue to be the only major purchasers of shares we won't see another large upside move until next mon/tue as they attempt to avoid what I can only describe as a big fucking gamma ramp. Thank you, see you tomorrow and have a good night. + +\- Gherkinit + +https://preview.redd.it/b4yj24mcerj71.png?width=740&format=png&auto=webp&s=fa72b6121170f408f0cedefe2ab64cf0f274b357 + +Edit 10 2:57 + +Still waiting on volume after we broke down from 210 50k shares borrowed for that short attack maybe some run into the eod. Nice double bottom bounce opportunity. + +https://preview.redd.it/3p310v7x1rj71.png?width=1396&format=png&auto=webp&s=5262313a77d0845d52c31eab2d200cb0d83f5b3a + +Edit 9 2:12 + +Continuing uptrend possibly up to another 215 test volume is still low sub 5m. + +https://preview.redd.it/l96xf23ztqj71.png?width=1576&format=png&auto=webp&s=1575d526f6fee0c2d5d8dabb3f4b48b42cea4660 + +Edit 8 1:17 + +Looking for a bounce on VWAP after the H&S breakdown + +https://preview.redd.it/k0gkbfa8kqj71.png?width=1579&format=png&auto=webp&s=7889a6be0ce29872474b953743933c8ee8fca48f + +Edit 7 12:41 + +Sliding up into that gamma ramp off that bullflag breakout, I expect some resistance at 225 after this consolidates + +https://preview.redd.it/dpdpabkxdqj71.png?width=1574&format=png&auto=webp&s=57179adf84d5dd55d456da682d4ed2c5409dfec3 + +Edit 6 12:20 + +Trend carried us to a nice trendline bounce and a retest at 210 + +https://preview.redd.it/g7g4ntl2aqj71.png?width=1397&format=png&auto=webp&s=a8bb5f930aaa92eef36d024fc591d23d8df91f7d + +Edit 5 11:27 + +Crossed VWAP if volume comes in I expect a test of 210. If not more chop + +https://preview.redd.it/8isaopnn0qj71.png?width=1575&format=png&auto=webp&s=c5c111f9d379ee63e6e16f146a55d0268b47a559 + +Edit 4 10:41 + +Low volume down trend. Two million volume so far. + +https://preview.redd.it/qbldd6edspj71.png?width=1569&format=png&auto=webp&s=f67487e9c62d1efcd704eea68f9def18f7e9bde6 + +Edit 3 10:14 + +Failed the bounce trending down if we get shorted right now there could be a nice dip + +https://preview.redd.it/6qeot9mmnpj71.png?width=1573&format=png&auto=webp&s=1238f7711e54b645d152a951277228f4b11f8e1e + +Edit 2 10:02 + +Tickling the start of that gamma ramp at 210 another test after the first fail on this VWAP bounce + +https://preview.redd.it/w3s130kilpj71.png?width=1573&format=png&auto=webp&s=e80e17266c4fd2245e596bf66270f2ced23537c5 + +Edit 1 9:45 + +Straight up into that gap fill a little consolidation and a nice bounce on VWAP + +https://preview.redd.it/p6hlfh9fipj71.png?width=1566&format=png&auto=webp&s=7928ba7af72d8de2ffd6a7fcdc1dddc4ee7f121c + +# Pre-Market Analysis + +Not a lot of change to the technical indicators since yesterday morning as the price has remained about the same pre-market volume is still decent 31k so far with 50k shares borrowed and 100k available. Started to run at PM open hitting 203 before stabilizing around 200. Today should have more upside potential since so many calls were purchased during sideways trading yesterday. I think we have a potential gap fill from 205-210 depending on how we break at open. As always if media sentiment is neutral expect an opening short. + +[Pre-Market 1m](https://preview.redd.it/62fn5n868pj71.png?width=1567&format=png&auto=webp&s=a119f41c300bfb121eb3e70f25b18d7a4036113e) + +Yesterdays largest contract movers + +[Shitloads of 2DTE options bought ](https://preview.redd.it/bdwo0zhh8pj71.png?width=399&format=png&auto=webp&s=4796d050ca8cf40d93ac7b7601c1c1c8738364a4) + +**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/) +Hi All, + +I've been trading Forex on and off from March 2020, since the beginning of the pandemic, mainly on demo accounts. + +I really struggled to nail down a strategy that suited me as a person and which was also profitable. However, In the last 3 months, I have been heavily testing and back testing a break and retest strategy. I feel this strategy really resonates with me as a person and I have been profitable for 2 months out of the last 3. + +I was reaching out to Reddit, to see if you could recommend any traders/courses that specifically trade break and retest. I'd like to add some more confluences to my strategy to make it consistently profitable. + +Many Thanks. +For those who were vindicated by your strategies or methods and increased your live trading accounts from 2 figures to 4-,5-, and 6- figure accounts, did you ever become frightened by the potential losses with your larger equity? + +I find myself being more cautious in my trades as my account grows, granted there will be more room to absorb losses. How does on counter that increasing fear to continue bold trading ? +Risking no more than 2% anymore with wide enough stops, not going off emotion anymore but TA and analysis. After making 60% back in March ever since I've been losing almost every.single.fucking.trade. 2% at a time all the way back down to even lower than what I was at before the 60% March gain. + +[The USDCAD is really pissing me off as of late, I get the downward spin after the rate maintain decision, but no way did I think it'd break down the January low and the 1.23 level....especially when the last rate decision 1.3 months ago was also unchanged and nothing crazy happened.](http://i.imgur.com/aXSRb51.png) + +[Set up a long at the January low and set 1.2290 as my SL, hit it and then kept going to around 1.2275 before pulling up and I went back in long since I just couldn't see how it'd breakdown again, then out of blue at 8:20pm EST time of all times it loses almost another 40 pips in the span of a minute....8:20pmEST....Tokyo, usually the snoozefest of the day of all times. 1.2247 SL also broken.](http://i.imgur.com/YHLdFnn.png) + +[FA would say that a tank like that wasn't warranted since the rate wasn't changed which was expected anyway not like the BoC raised the rate back up or anything, TA would also say that major support shouldn't have been broken like that....](http://i.imgur.com/Ndk5qOp.png) + +I know that market isn't out to get an individual but damn, after a semi-successful March that had me thinking I could get back to where I begun and nope... just nope. + +270 basis points in one day... -7.3%( my day's loss).... Plowing past all major support levels and psych levels + +What am I not understanding? + +http://imgur.com/a/4oExd <-----link to all charts used in this post +"I'm scared of this. With current uncle rates continuing to be around 20%, and continuing to greatly differ by miner with lows of ~8% and highs of ~40%, there are significant potential centralization risks if the reward differences between these pools are further exacerbated. Currently, Ethermine and Nanopool differ ~20% in uncle rates (0.7 vs 0.9); with current reward levels this leads to a ~3-5% difference in revenue, but with the proposal this could easily go up to ~15-18%. This could further increase concentration. + +Furthermore, I don't think that we can get many networking improvements in the short term by "incentivizing" them in this way. Networking improvements are very likely a public good best addressed by the client and network level, or possibly in part by creating relay networks or some similar solutions." V Buterin + +Comments from Vitalik and Brian are here +https://github.com/ethereum/EIPs/pull/1295#issuecomment-416324636 + +Looks like Brian and his Cronies mates are now just throwing EIP's with random numbers now...reduction to 2.7 ...give me a break! +https://github.com/ethereum/EIPs/pull/1362 + +Can someone just do an EIP of 1.1 now? + +I've been trading full time for many years and in the last year or so made significant progress to the point where the 4 or so core strategies I trade around have been consistently winning. Tens of thousands of manual trades later, I believe I could build an algorithm out of these systems with lots of rules and conditions that could make significant amounts of ROI. Without going into much detail about the algo, I am wondering how someone with zero coding experience would go about doing this? I primarily trade futures(ES, NQ), and US equities intraday, with some options trading. Futures alone would likely be adequate to start out. + +Should I simply look for a developer in my area and offer to pay them? Should I learn to code myself? I would rather hire someone and just pay them, I just don't know how to go about finding someone trustworthy, reliable, and that has the technical skill to understand how to implement my strategies- all of which I have the source codes for and could explain to someone who understands trading and technical jargon. It seems that the strategy is the difficult part for many, whereas in my case I already know the methodology of the algorithm that I want, it's the implementation that has me lost. Any suggestions? Thanks. +https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20201873.pdf + +Just over six months after the global pandemic was declared, the US is still seeing new weekly jobless claims higher than the worst week of the Global Financial Crisis. + +From the report: + +>The advance number for seasonally adjusted insured unemployment during the week ending +September 19 was 11,767,000, a decrease of 980,000 from the previous week's revised level. The previous week's level +was revised up 167,000 from 12,580,000 to 12,747,000. +This isn't one of those "I just quit my job to travel the world and enjoy life" posts. + +Rather, it's a story about options- and how being confident and financially secure takes the stress out of what might be one of life's otherwise most stressful situations, and opens other doors. + +Last year, I got the highest paying job so far of my career. Unfortunately, things hadn't been working out. I was enjoying the work a lot less than the type of projects I had worked on in the past. My workload was too light - and multiple talks to my bosses (I've had four in one year) never addressed anything... because each boss was only around a few months, tops. Meanwhile, there was a lot of other churn in my department. Aside from the bosses cycling, nine other employees around me were suddenly fired and replaced. + +It was a weird time, and a weird place. I kept my head down, tried to stay content, and kept putting away the paychecks. I resolved to stay at least a full year, for various financial incentives. + +A week ago from last Tuesday was my 1 year anniversary there. That Friday, I realized it wouldn't keep working. I had a talk with my current boss to tell him about some of my discontent, and see if we could address those problems. He told me that he could tell I was burnt out- and that if I wanted to stay there, I needed to be "drinking the company kool-aid 100%". It's a fast-paced environment and he needs employees to be fully on board. He asked me to promise I could do that. + +It was clear that having expressed any discontent was a Bad Thing, and if I didn't want to be in the next round of sudden layoffs, I had to radically alter to fit the company. + +I thought about it for a few moments, and then told him "I don't think that's going to happen. I'm not going to fit in with the culture here." + +He obviously wasn't expecting that response, and asked me what I was planning to do. I offered to work another four weeks, to see out the current project I was working on, and said that I'd give official notice with two weeks remaining. +He got back to me last Wednesday with a pre-approved deal from HR: I'd give three weeks' notice that day, exit in early April, with health insurance for the whole month, and they'd give me an extra week of severance pay. + +Last week was productive. I'm already starting the interview process with two companies I would love to work for. + +Thinking about how this went, compared to prior tail-end experiences with employers... it's incredible how easy a decision this was, and how easy the exit from the company is shaping up to be. + +Ultimately, I can attribute it to the way I've changed my life in the last few years. I've become more frugal, with low fixed costs. I'm not attached to my living situation (I was on a month to month lease), have few physical things tying me down, and I've saved a quarter-million in the bank (well, Vanguard, but you know what I mean). + +I still need a job. I'm not anywhere close to FI yet. +But I can afford to make sure I have a job I enjoy, rather than one I hate, and I'm parting with this company on better terms than I had expected possible. + +So, thank you/r/FI, for helping me to realize that this kind of self improvement was possible in the first place. +I'm new to the investment world as of today so please forgive if my terminology is off. + +I placed my first investment today which was on the Vanguard FTSE Global All Cap (Accumulation). I put in £1500 today and will top it up with £100 every month via direct debit. I wish to know how much I may have after 10 or 20 year period, and have been using this online calculator which is for compounding interest: + +[https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php](https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php) + +Would this be correct to use in this situation? In the interest rate field I input what I expect the annual % increase of the fund to be averaged across a 10-20 period, which I've chosen to be 10% (is this too farfetched?). Also, are there any calculators that can take into account the accumulation effect? Thanks in advance +I assume the answer is no, but help me understand why. + +Elon has had his offer accepted to buy Twitter for $54.20 a share, however looking right now the traded price is ~$49. Why, if this deal has been agreed, is it not trading closer to the agreed price? + +Is it something to do with the uncertainty that the deal could fall through? Something else? +All trading systems work. Period. Many traders here act like middle school bullies who simply want to ridicule anything they don't know. + +I'll share my experience here especially for beginners. + +I am from India. I'm a full time consistently profitable intraday options trader. When I started, I used to watch YouTube videos and thought some divergence indicator is everything I needed to know. Then i saw no-nonsense forex and thought indicators are magic. + +Then later when I was serious about trading I started reading books. I read indicator books, candle sticks books, price action books, options trading books, VSA books, support resistance books, trendline trading books, volume profile, orderflow/footprint books, wyckoff books etc. I watched Steve nison course, secrets of pivot boss course, open interest analysis courses, price action courses, SMC courses like phantom fx, ment fx, vertex fx etc. I wrote notes, spent most of my days on charts. I used to be a programmer, so I coded nondirectional options strategies like straddle rollover too. + +I couldn't take loss gracefully. I wanted to have a great winrate and RR. So i started learning the next topic I hear. I made myself another victim of course hopping and bad trading psychology, but i don't regret that now. It took me about 1.5 years of non stop learning. + +Then one day it dawned on me that everything works if i knew where to apply it. I started with each system separately and found where my system would work and where it'll fail and what happens when it fails. For a pattern example, a raising wedge pattern breakout will fail to widen a strong bull channel to a weak bull channel. For indicator example, you need to know at what kinda volatility your indicator works and fails. For SMC example, you'll need to analyse the strength of the move back to your orderblock. For volume example, you need to know that there could be one more push from your climaxes. + +Once I knew where my systems would fail, everything magically started working. In my peak, I used to use 10+ systems. Now I use 4-5 systems for confluence. + +Now I'm at a stage where I know all systems, even all lagging indicators will work if we know where to apply it. And every trading system will work in a trend. + + +Beginners and non consistent traders, try to analyse where your Trading system fails and don't trade them. Where your system works, trade with proper risk to reward. It is this difference that makes all different types of traders make money from financial markets. + + +PS: I watched one index chart Nifty50 religiously till I was consistent. +As chartist, I learnt not to look at news and have a bias. +I dint lose much during my learning journey because I decided to trade big only after I'm consistently profitable. +I am trying to figure out what would be an efficient strategy. I tried selling deep otm spreads (like .10 delta), and I don't quite like that profit is usually small but max loss is the same as selling atm spread with higher profit. Yes, atm has higher chance of getting itm at max loss, but because premium is higher, therefore maximum loss is actually less than .10 delta maximum loss. + +Anyone with experience care to share a bit of their experience? +I know both are bearish positions and the main difference is probably buying the Put has limited loss and unlimited profit while selling the call has limited profit and theoretical unlimited loss. And time decay can help sellers and hurt buyers. If you only had the choice of buying puts or selling calls, which would you do? +My country will get marginally richer because I fucked up my tax planning. + +I don't have to explain to you what tax planning is, but in 2017 they passed a law which makes crypto legal but which also leaves loopholes easy to fall into especially by not being able to fully comply with the requirement to prove for every trade the source of it all the way to the first fiat going in, otherwise you'll have to pay taxes as if you bought it at the price of zero. To others it can add up to a lot more than it did for me. + +After they'll take everything I have I'll still be in debt for the rest of my life. So if you're in Israel, whatever you do, always keep a record, better yet never do anything, just hold it in a wallet. + +&#x200B; + +EDIT: typo +Keep in mind that you are really lucky! Owning one BTC might me enough to pay for a house one day or even to be completely financial independent. I don't even own a quater of a btc and I'm a student and at least 2 more years to go until I get my bachelor degree. I try to accumulate as much as I can but my student job just pays for food and rent. I'm afraid I will never own one whole BTC because of the next bull market. + +I think that owning one Bitcoin is the goal of almost everyone in this subreddit and you already achieved it! + +And to everyone who's still accumulating, I wish you good luck and hope you will achieve the goal you set yourself! + +Have a wonderful day everyone! +I bought a condo in the NY metro area as a primary residence <3 years ago for $1mm at 50% LTV, and I’m selling it now for over $2mm. We’ve outgrown the space, and the prices in my building now exceed some Manhattan prices - I’m selling for $1120 per square foot. Proceeds after closing costs and capital gains are circa $1.4mm, which I am aware is phenomenal. + +I’m buying a $2mm house, and the rates I’m being offered are the lowest I can imagine getting on a house I believe I’ll live in for a solid 20 years - 2.875% for a 30 year fixed mortgage, with the option to go below 2% if I prepay points. The payment on a 60% LTV loan is super affordable (only slightly over what I pay now for half the amount at 4.25%), and I could cash out $400k and be confident of earning 8% on it. + +I’d like to properly understand the right perspectives on either side of the argument. Should I buy the house with high equity and lock in a low monthly burn, or buy with cheap debt and a moderate monthly burn but cash out $400k to invest? + +Side note: 28, I have not been investing long, have about $200k invested and my income is reasonably good but not super high, although I do expect that to improve this year. +I am very new to this and have recently bought a very small amount of Ethereum. My plan is to hold on to it long term. I've seen a couple of comments claiming that by the end of the year, Ethereum will go down to $80, while other people claim it will rise to $500 by the end of the year. I'd like to know what you all think about investing in Ethereum right now when it's ~$200. Is it the right time to invest? What are your predictions involving short term and long term? +The Tezos fundraising campaign just ended with 360,000 ETH. If they liquidated even some of their stash there would be a nontrivial impact on the market, right? +I tried posting this in trx reddit, but it gets removed automatically because they filter out anything that isn't "lambo lambo moon hodl, i wana suck justin's dick hodl hodl lambo moon!" Legit the most immature sub ive ever seen. + +So I'm asking you guys. What makes this platform superior to the ones mentioned in the title? Is there anything that TRX can do that these others cant? AND NO THIS ISNT FUD THIS IS A QUESTION +Just recently (needed the money) I sold all of my doge. I made a lot of money out of it but nothing significant (40 USD purchase turned to 170). Now Doge is too expensive to buy 1111 doge so I’m looking for a cheap coin with potential. Shiba sounds okay but literally 50% say it’s a scam and 50% say it’s legit. Can you guys chime in please? +My portfolio is devided into 2 part's + +1. Stock Portfolio + +&#x200B; + +\> Balaji Amines ( AVG - 812 , CMP- 2797) + +They have specialized in the amines area and is a supplier to most of the big names in the Indian Pharma space. Also, they have a long term supply contract with BASF. + +he margins are expanding due to softening of raw material prices. At the same time, the end product prices have also softened hence the turnover growth is not as high as production growth. + +There has been good sales growth in last two quarters. Only thing is margins at net level are quite volatile ranging from around around 6 to 12% in last five quarters.Really a big fan of this company after the Covid'19 outbreak. + +&#x200B; + +&#x200B; + +\> AU Small Finance Bank (AVG - 818.20, CMP- 1195.70) + +I am huge fan of Indian banking industry and finding out underdog's in them is my main motive. Au small finance bank is example of consistent growth as Over the last 5 years, revenue growth has averaged 41.32%, vs industry avg of 17.55%. + +Over the last 5 years, net income has averaged 65.67%, vs industry avg of 19.75%. It focuses in rural and semi urban areas . It offers various services, such as commercial vehicle loan, car loan, loan against property, small and medium enterprises loan and have a really high foreign institutional + +and domestic institutional investments in it. + +&#x200B; + +\> CDSL( AVG - 753.87 , CMP 1052.55) + +Currently there are only 2 DPs and there is a huge entry barrier for new players.The number of demat shareholders are expected to increase as many people / fund houses are entering the stock market. + +Expenses are expected almost to be same and the upside revenue to grow y-o-y. Over the last 5 years, revenue has grown at a yearly rate of 15.56%, vs industry avg of 3.07%. Over the last 5 years, market share increased from 5.55% to 18.07%. Clearly market leader in it's segment and since the time of pandemic the number of demat accounts opening are hell of a numbers. + +&#x200B; + +\>Eveready Industries ( AVG - 168 , CMP - 338) + +Always wanted to have exposure to battery sector in India we have giant like Amara Raja and even exide is performing very nice but my bet was on Eveready + +as Dabur incresed their stake in it and demand for dry cell batteries, rechargeable batteries, flashlights, packet tea and general lighting products has + +to be increased while doing work from home. Though the company has underperformed a bit and is really diversifing and decreasing their dependance on battery business. + +&#x200B; + +\> Adani Total Gas ( AVG - 369 , CMP - 889) + +In this particular sector I had a toss up between gujarat gas , mahanagar gas and Adani gas since we all know how Adani is expanding business in our country plus + +the revenue generation and total net income was higher than the industry so yeah untill the Adani fiasco happened I was also bit concerned about my stock + +selection though I had acquired it around 360 level's it was never a concern for me but considering a good revenue growth and return on equity always wanted to + +have this in my pf comparing it peers. + +&#x200B; + +\> Finolex pipe industry ( AVG 124 , CMP - 183) + +Finolex Industries Limited is a manufacturer of polyvinyl chloride (PVC) pipes & fittings and PVC resins. Company is almost debt free and having a PE around 15 + +vs sector PE at 60 is having it in very discount premium. Would be accumulating more with time as company is doing right thing's by increasing margins + +and increasing their product portfolio. + +&#x200B; + +\> Indian Energy Exchange (IEX) ( AVG - 214 , CMP - 419) + +It offers an online electricity trading platform for trading, clearing, and settlement operations alone leader in this with increasing + +market share. The company has great return on equity and is almost debt free. With FII and DII both having stake in this for more + +than 20% will be accumulating more with time. + +&#x200B; + +\> Jamna Auto ( AVG - 53 , CMP -86) + +Don't have any auto sector stock rather have a mutual fund in it but thought of taking a stock which supplies major things to + +the auto sector as supplying won't stop so Jamna Auto is Jamna Auto Industries Limited is a provider of automotive suspension solutions for commercial vehicles. + +One of the largest suspension manufacturer also the price of this gets affected by steel prices because of spring manufacturer. + +The balance sheet is improving as company is reducing debt and I am betting on economic recovery which will mean to more purchase of vehicles. + +&#x200B; + +\> Tata Consumer Products ( AVG - 602 , CMP - 763) + + Diversified portfolio | revenue has grown at a yearly rate of 11.94%, vs industry avg of 8.37% | market share increased from 30.8% to 36.21% | really nice balance sheet + +&#x200B; + +\> Vaibhav Global ( AVG - 738 , CMP - 810) + +Really a fan of this stock whenever the major indicies underperform this outperform them everytime though from the time of stock split + +it has made a flat base. Company is almost debt free. Company has delivered good profit growth of 47.54% CAGR over last 5 years + +Company has a good return on equity (ROE) track record: 3 Years ROE 27.74% . + +&#x200B; + +\> ICICI Bank ( AVG 511 , CMP -664) + +Like earlier said I am huge fan of Indian banking industry and always want to find the underdog's in them for ICICI bank what I believe + +is very much undervalued as compared to peers. Net income has grown at a yearly rate of 12.55%, vs industry avg of 11.51% + +&#x200B; + +\> HDFC Life insurance company ( AVG - 624 , CMP - 694) + +The insurance sector is growing sector in India and with HDFC LIFE having return on equity around 14 % with great financials as + +net income has grown at a yearly rate of 10.75%, vs industry avg of 7.22% and revenue has grown at a yearly rate of 31.58%, vs industry avg of 25.63% + +The insurance sector will be really under boom after covid pandemic + +&#x200B; + +\> Crompton greaves consumer electrical ( AVG- 388 , CMP - 460) + +Crompton Greaves Consumer Electricals manufactures and markets a range of consumer products. The Company's main products/services include lighting products (luminaries and light sources) and electrical consumer durables. + +With FII and DII holdings is more than 10 percent and almost debt free company with diversified portfolio and with great results + + profit growth of 39.58% CAGR over last 5 years and 3 Years ROE 38.12%. + +&#x200B; + +\> The phoenix mills ( AVG - 718 , CMP -828) + +Phoenix Mills is engaged in the business of operation and management of mall, construction of commercial and residential property and hotel business in India. + +After the time of covid most of realty and infra stock were heavily undervalued so really wanted to have something from that sector + +Numbers looked decent, strong growth consistent with valuation, PE wise and seemed this consumption story/overall trend would be a good long term play. + +&#x200B; + +\> Nesco ( AVG - 553 , CMP - 659) + + revenue has grown at a yearly rate of 3.72%, vs industry avg of -3.42% | net income has grown at a yearly rate of 3.65%, vs industry avg of -11.15% + +Can see that company know how to operate in the time of pandemic as well with decent results with debt free company. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Mutual Fund Portfolio + +For mutual fund my main aim is for untill any sort of financial emergency I will be accumulating on my respective funds and will + +be allocating some amount according to the market cycle: + +&#x200B; + +1. ICICI prudential Banking and finacial service ( 11 % of folio) + +Main reason of buying this was banking sector was hard hit by pandemic and getting BANK nifty at 21000 was pure steel. + +&#x200B; + +2. DSP Small Cap ( 10 % of folio) + +Small cap at that time was typically undervalued and by November 2020 I had started increasing my stake in this + +&#x200B; + +3. Quant Mid Cap ( 10 % of folio) + +Same for midcap as well was very undervalued and typically started increasing my stake + +&#x200B; + +4. Edelweiss Greater China off shore ( 9% of folio) + +Foreign Exposure as whole of 2020 was China boom + +&#x200B; + +5. Axis bluechip Fund (9 % of folio) + +Typical Large cap + +&#x200B; + +6. Parag Parikh Flexi Cap ( 8% of folio) + +Always meant to be in folio due to it's magnificent performance + +&#x200B; + +7. UTI Transportation and logistic fund ( 8 % of folio) + +Was very hard for me to go and find a good company for my stock portfolio that's why though of picking whole set of companies + +I know taking thematic funds is bit risky but can take that risk. + +8. Motilal Oswal s&p 500 ( 7 % of folio) + +Foreign Exposure + +9. Motilal oswal Nasdaq ( 3% of folio) + +Foriegn Exposure (IT Boom) + +&#x200B; + +10. Sbi Technology ( 6 % of folio) + +IT boom sector + +&#x200B; + +11. DSP Natural Resources ( 5 % of folio) + +&#x200B; + +12. Edelweiss Europe Dynamic ( 5% of folio) + +Foreign Exposure so that can be typically diversified + +&#x200B; + +13. Aditya Birla Pharma ( 4 % of folio) + +Pharma boom + +&#x200B; + +14. ICICI Infrastructure fund ( 4% of folio) + +Almost a fourth thematic fund in my folio because I believed that infrastructure sector was really undervalued and was meant to be a next + +market cycle with Covid relief fund's and fiscal budget. +So as you all know Infosys is being investigated by the SEC for account malpractices and moreover they are being faced with an expensive class action suit. + +So what do you guys think would happen to Infosys ? + +Infosys being an IT leader with multiple ongoing client projects according to me has a very less chance of sinking like other companies in the past (Satyam). And afaik they are not in any debt so that adds up to their advantage. + +And will they consider taking the company private? Since this is the second time that the company has been thrown into the slush with governance malpractice allegations. + +And at last If by chance the company goes down will the Government do something to revive the company ? + +I find these to be some interesting topics to discuss on. +Just bought an engagement ring for the first and hopefully only time. + +I'm aware that the jewelry/diamond industry is fairly unethical and corrupt, thus didn't really want to play my part in giving them any more money than they deserve. But I obviously don't want my significant other embarrassed to show off a cheap engagement ring to her friends ect. + +For background, I earn slightly above average for the UK and originally set myself an upper limit of £1000. + +However, ended up spending significantly less as I would rather invest in our future (House, holidays...). Also purchased from an online-only retailer as I assumed rings on the high street would be marked up significantly. So hopefully, this doesn't backfire and the ring is of equal quality. + +Just thought I would ask and see how everyone else navigated, budgeted, and justified one of the biggest purchases they might ever make? + +&#x200B; + +(Ended up getting this: [https://www.thediamondstore.co.uk/aquamarine-070ct-and-diamond-9k-yellow-gold-ring-p3224c265.cfm](https://www.thediamondstore.co.uk/aquamarine-070ct-and-diamond-9k-yellow-gold-ring-p3224c265.cfm) and plan on proposing on NYE, cliche I know) +Overjoyed at this today. + +Finally hit my goal of 1 BTC. + +Been hearing about Bitcoin since 2009, Thought it's farmville money. I had a GPU that could mine hundeds of Bitcoin a week in 2011 but I rather played Call of Duty with it. Till 2021, I didn't give a damn about what Bitcoin is but now it is all I research about (watching Greg Foss for Hopium, What Bitcoin Did for philosophy and money Benjamin Cowen for TA) + +Started stacking sats from Jan 2021, flipped some shitcoins, DCA'ed monthly into stacking via the lightning network and finally arrived here. + +Used to hold it in a single account ledger wallet, but did not feel safe because of dictionary attacks. So, now HODLing into sparrow multi sig wallet (2 of 2 both Ledger Nano X). Stored my seed phrase safely burned underground in my backyard in a layer of concrete. HODL mode on! + +Best of all, its KYC free. + +Well, on to the next goal of 2 BTC. + +https://preview.redd.it/d3lyakg2u6y81.png?width=987&format=png&auto=webp&s=41b1e652a7462d7fc87036157b01dca4319f6129 +I will do as DFV told me to: Use my pen as a weapon. + +[https://twitter.com/TheRoaringKitty/status/1405163374351167497?s=20](https://twitter.com/TheRoaringKitty/status/1405163374351167497?s=20) + +# Let's talk about Chess. Do you play? + +Even if you don't play chess; you might be surprised to learn this entire GameStop saga is, at it's core, just one part of a much larger **global financial chess match**. RC showed us this long ago, in a picture accompanying his Forbes interview released 08/16/2020: **a full 14 months from the date of this post** and **5 months before the January Gamma Squeeze run up**. + +https://preview.redd.it/u9lfbsdmiit71.png?width=960&format=png&auto=webp&s=4a24f2860222e3476ee52642dd4bf1478b52be31 + +[https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=78eed7ec5840](https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=78eed7ec5840) + +# Understanding RC's Chess Photo-Op. "A Picture Is Worth 1,000 words" + +We can observe RC sitting in the middle of a chess board, wearing a blue shirt, black pants and Blue Suede shoes. Obviously chess is a reference to strategy, but there's a lot more in this picture than an entrepreneur on a chess board. + +For instance, the **chess pieces are placed specifically**, displaying the **White King in checkmate.** + +There is a similarity between a checkmate situation and a short squeeze in that there is "no way out", no solution. + +**RC is telling us he "plays black" in this chess game; and has the white king in checkmate. He has been aware of the threat GME (a stock shorted over 100%) poses to an entirely corrupt system. He knew of this checkmate at least 5 months before the gamma run-up (I'm guessing he discovered stock corruption after Chewy was naked shorted; and went down the rabbit hole like Patrick Byrne and the rest of us have in an effort to discover reality).** + +# Pawns = Apes/Retail Investors + +The **black pieces outnumber the white pieces 7 to 4** and most of the remaining black pieces are pawns; **Retail traders are represented by these pawns**, retail investors simply outnumber hedge-fund shorts/"those that play white" by our sheer volume. A pawn is a piece that is not especially useful by itself, but when used as part of a larger strategy, their unique properties can provide an extreme advantage. + +**Apes (pawns) outnumber institutions because apes own the float multiple times over.** You'll also notice that most of these **black pawns are on the other end of the board then the black king**. + +In the game of chess, getting a pawn to the end of the board results in an opportunity for that player to "switch out" their pawn for a piece that was previously taken/killed. This allows the **pawn to be "upgraded"**. This is **what will result from MOASS**, (in a financial sense). **A sense of higher awareness of information and involvement** has already resulted; as I would contest that many apes have become aware of complex mechanisms in our market (and society); as well as the prevailing (and protected) reasons for many of the issues we observe. + +What RC was telling us a full 14 months ago; is that **pawns are ready to "upgrade".** After MOASS, many more **powerful pieces will change the landscape of the board in "The King's Game".** Apes will possess significant financial influence post squeeze, this is what scares the Uber-rich most. + +**RC knew the float was shorted over 100% in October of 2020.** + +**He knew that he had the wealthiest individuals in the world, and the entire global financial system in checkmate an entire 5 months before the January 28th Gamma run-up**. + +I will also point out that there are **7 black pieces, 4 white pieces and 1 human on the chess board.** + +**741. Almost 14 months ago. Wow.** + +# Chess is known historically as "the Kings Game" + +but **why is it referenced this way?** + +[https://wegochess.com/why-is-chess-called-the-game-of-kings/](https://wegochess.com/why-is-chess-called-the-game-of-kings/) + +>**Is chess being called the game of kings because of history?** +> +>For the most part, **chess has been called the game of kings since the king piece in chess is the center of all objectives involved in the game.** It essentially means **a game with kings that fight each other.** +> +>**there are more beginners than pros in chess.** +> +>**Chess was originally called the Game of Kings** in a past era in India (where the game originated) because the central figure is **the Shah or King. The game ends in Shahmat (literally translated to: The King is Dead).** + +**Checkmate. "You killed Kenny! You bastards!".** + +**Fun Fact:** + +Additionally, Citadel's logo design (as well as a traditional citadel in medieval times is modelled the "Rook" chess piece). Historically, These fortresses acted as the "inner sanctum" of a defensive core protecting a castle that housed royalty. + +Defeating Citadel is the key first step to a checkmate. Taking out the rook by way of GME squeezing will cause Citadel to collapse completely). + +[https://en.wikipedia.org/wiki/Citadel](https://en.wikipedia.org/wiki/Citadel) + +[ The functions of the police and the army, as well as the army barracks were developed in the citadel.](https://preview.redd.it/rw70si6d4gt71.png?width=1312&format=png&auto=webp&s=03848b0e0c84477ed9ea65b2ad1e6a26e48d7fc7) + +Credit to: u/Ren3666 for this amazing meme that highlights Citadel's role. Have fun finding the easter eggs: + +[Who Plays White? Cheat Sheet.](https://preview.redd.it/x15clt740nt71.png?width=694&format=png&auto=webp&s=6e58e1db20b853787b1b6ded17d1ca10bfb25974) + +I would argue checkmate will be achieved once the NFT dividend is released. Naked shorts (especially when leveraged 1000x naked short GME) will be completely ruined by GME short squeezing. It would defeat an opponent such as Citadel in The King's Game. + +but if you are a fan of history; you will know that the French Revolution did not result in any long standing change; as much of royalty's kin survived and maintained access to an immense amount of wealth that still allowed complete capture of governance and regulation. + +What **GME will accomplish**; is **a completely peaceful bankrupting of financial dynasties** that have held immense influence in this world for centuries. (GME is the greatest transfer of wealth in the history of time, and don't forget that this one stock threatens the ENTIRE GLOBAL FINANCIAL SYSTEM). + +**I'm not saying Ken is "the King"; and obviously Shabatt is not to be taken literally but I would contest that a GME MOASS would result in a severe bankrupting of several billionaires. The erasure of entire financial dynasties siphoned directly to apes.** + +# The Consequence for Naked Shorts is Grim. + +Bankruptcy that you cannot recover from. This occurs when someone worth several billion (who have also financed several billion using assets as collateral) loses everything they have. This results in access to no capital and hundreds of millions of dollars of remaining debt + +&#x200B; + +>**Shahmat is the word where checkmate is derived from,** a lot of things in **chess focuses on the king, protecting it,** and **attacking it** that **people will start noticing.**  +> +>**The game of kings may mean the game for royalties (referencing) the relevance of chess to the medieval society’s nobilities (royalty).**  +> +>It may have been called the game of kings **since chess has traditionally been a game popular for royalties in the medieval society**, so it may have an origin there. +> +>Monarchies have banned chess for a really long time, (therefore) **chess has been treated as a game that is played by royalties.** + +I am of the belief that a potential reason why Royals banned chess in several monarchs was to ensure the chess pieces (average citizens) did not realize the game that was taking place. This may allow opportunities for soldiers to realize they are simply seen as pieces on a chess board (from a strategical standpoint) and reject the lack of humanity approach to a situation with a large loss of life. + +# If RC plays black; then who plays white? + +First off: Statistically speaking; White wins 52%/56% due to the advantage of being able to move first. + +**Much like hedge-funds**; who front run trades, often individuals of extreme inherited wealth have an overt **advantage** over those who do not have the luxury of access to billions of dollars of capital. simple economics. + +The Uber rich; those that have imposed a fraudulent market on so many through deception, exploitation and fraud (often through way of the naked short seller). + +Those that "play white" are "the old guard". Those that have absorbed an obscene amount of wealth through the creation of a fiat central banking order. Among this group of foes who "play white" include the largest financial institutions on the planet, The DTCC, hedge-funds, banks, central banks, Ivy League colleges (who heavily invest their endowments into hedge funds and have several alumni and professors employed within the financial sector and central banking system). + +# Extreme Wealth and Corruption + +Wall Street, Royalty; the Uber-Rich. the top 1% of the top 1%. Financial dynasties that are responsible for the unimaginable wealth inequality we witness in our world today. + +Owners of the brokers we despise and who defraud us; who donate to our politicians to poison the well of democracy; who naked short stocks in meticulous, long spanning arbitrage plays to create monopolies. + +This playbook is old as time, from Ken Griffin to Steve Cohen, Gabe Plotkin to Michael Milken, Sam Israel to Jeffery Sass, Carl Icahn to John D. Rockefeller. History repeats and many fail to pay attention. + +Many may be unaware that Bernie Madoff was an infamous naked short seller (while being the CEO of Nasdaq), as was Michael Milken, both had an association with organized crime. + +I would explain more here if I had time but I will say if you want to understand this complex world better; look into **FINANCIAL HISTORY.** Observe the origins of hedge funds; their main investors from the 1600's to 1980's. The dynasty's built. The richest organizations that stand today. There are reasons for the imbalance you see in this world. + +https://preview.redd.it/ufj5g6slymt71.png?width=800&format=png&auto=webp&s=08feb99c4c46176395e767af4138ca79e178d98f + +# Throughout every single one of his tweets, RC always wears black: + +Arlington; wearing all black: + +[You'll notice a copy of \\"Batman: Arkham VR on the left side of the picture slightly out of frame. Batman is known as \\"the dark knight\\". If you scroll up to the chess photo, you will observe a black knight on the left side of the picture slightly out of frame.](https://preview.redd.it/qfa1ndpaiit71.png?width=1682&format=png&auto=webp&s=2fbccd2ae794e7cc296d4a938a18737b5f05424d) + +Florida tweet; wearing all black: + +https://preview.redd.it/fz8yycxrhit71.png?width=822&format=png&auto=webp&s=8ed00438e4a5636005e2093bd069675bda4ca9f8 + +Chopsticks tweet wearing black: + +https://preview.redd.it/vyyezkv4iit71.png?width=675&format=png&auto=webp&s=61b5d5b9844abeda151c334fcf442c0f18c12924 + +Culver City, wearing all black. + +https://preview.redd.it/yj3g8a9o0mt71.png?width=646&format=png&auto=webp&s=0ac5abbb833488d0745aed9768adb101905b5c76 + +**There is one exception**; this tweet. RC is wearing a white shirt wearing googly eyes, laughing hysterically. + +I believe he is **taunting those that play white**; laughing at the checkmate situation and how incredibly fucked this entire corrupt system is because of GME. This could be a stretch but this is my interpretation. + +https://preview.redd.it/p5zd7tfuhit71.png?width=806&format=png&auto=webp&s=2cbab0b14df9f76ce73c119e3eea9011e0576770 + +# Other Observations pointing us to Chess: + +**Gamestop changed their logo to black and white (chess colors). No more red, remember?** + +**RC's profile is in black and white (chess colors)** + +# GME threatens the existence of the current financial rule. + +We'll look to a Market Maker; **Mr Thomas Petterfy,** who you may remember being featured on CNBC during January's Gamma runup. He naked shorted (and assisted traders naked short) GameStop. As a result of these poor choices, he was forced to margin call all of his clients who were naked short GME and I was forced to laugh very hard at rich people losing a lot of money (fuck em'). + +# Thomas Petterfy's Interview right after the January GME run up: + +[https://www.cnbc.com/2021/02/17/interactive-brokers-chairman-thomas-peterffy-on-gamestop-frenzy.html](https://www.cnbc.com/2021/02/17/interactive-brokers-chairman-thomas-peterffy-on-gamestop-frenzy.html) + +When asked what would happen if the brokers did not pause buying: + +>**"The price would rise indefinitely."** + +When discussing the issues brokers faced during the January Gamma runup: + +>"**We have come dangerously close to the collapse of the entire system"** +> +>"**There’s a hole in the system that we immediately have to stop".** + +The exceedingly rich are playing a game of financial chess and RC and apes have them in check completely. + +# RC has known he has the white king checkmated for at least 14 months. + +Until now, there has been no way to fight back against a corrupt, unjust, broken system that rewards criminals. **GME is the solution** to a system that has been entrenched in fraud and deception. A rigged system that fattens the bellies of the gluttonous while millions suffer. + +I think RC is trying to make us aware of the battle being fought against a common foe. **GME is one part of the answer to the regulatory capture stalemate**. and those that play White are completely fucked. + +**You are more than welcome to believe what you want.** + +**Regardless, The rich get richer; and the poor get poorer. Until the Game Stops.** +Amazon is constantly on the news for “ evading “ corporate taxes. I know it’s primarily due to them investing in their own company so they do not have much taxable profit. + +I believe things that Amazon does to avoid tax such as invest in fulfillment centers, R&D, or give employees stock benefits, are good for the average worker due to increased hiring. + +After the tax cuts of 2017, there was coincidentally a record surge in buybacks of stock. I don’t believe that extra money went to the worker but the investors instead. + +So my question is, is it good if companies invest in order to pay less tax? Or would a potential tax raise harm the economy by making wages lower and out sourcing higher? +Is there a term for when falling demand causes prices to paradoxically increase due to supply falling faster than demand in response? So for example, as solar/wind replaces coal, it will cause demand for coal to drop and coal mines will go out of business. This may reduce the completion/availability of coal to the point where the surviving coal mines can raise their prices. + +Another example (and this may be a different phenomenon) may be how laying cobblestones or having leaded glass installed costs a lot more now than it did 100 years or how parts for a 1931 Packard cost much more than they did in 1931. + +A third example would be if you have a fixed infrastructure with declining use. For example, if Uber causes people to stop taking the subway, the subway still has the same operations costs, but less revenue. They therefore have to raise fares to break even. + +Are these just examples of cost push inflation or are they unique phenomenons the way that Veblen and Giffin Goods are when prices rise? +Identify and discuss possible guiding principles for a regulatory framework that would facilitate a low-carbon transition, in all sectors of the economy. +The sign my bank had for limited amounts of coins to give to the public is now gone! + +But what caused it in the first place? + +And what changed so now they have coins? +I have read [news articles](https://www.washingtonpost.com/news/global-opinions/wp/2017/01/05/as-socialist-venezuela-collapses-socialist-bolivia-thrives-heres-why/) and [reports](https://cdn.odi.org/media/documents/774.pdf) claiming that the reason Venezuela's economy is spinning out of control and Bolivia's isn't is simply because Chavez was irresponsible and overspent. I find this answer unsatisfying: If it is as simple as Bolivia's spending policy being well thought out and Venezuela's being stupid all along, why would Chavez do something as destructive as he did? Was he surrounded by Yes-Men who told him what he wanted to hear? Are Bolivia's policies just as bad and doomed to fail in the long run? +Which one of these two would you recommend for news and analysis on the economy, politics, economic policy and other such things. Not sure if this is the right subreddit but I hope it is and thank you in advanced!!! +Hi all, I've been pondering a lot lately the idea of whether infinite economic growth and a finite planet/finite resources are ultimately incompatible. One of the ideas I've seen thrown around is that they are not necessarily incompatible because we can have intensive growth as opposed to just extensive. Here's an example of an article that discusses the idea: + +https://www.investopedia.com/articles/investing/120515/infinite-economic-growth-finite-planet-possible.asp + +I understand intensive growth as getting more output from equal or lesser amounts of input. While I see how intensive growth can allow for economic growth from where we are today without increasing resource use, it seems to me there is a definite limit to how much intensive economic growth can be achieved. Intensive growth can only be achieved so long as there is waste (which I’ll define here as input which is not currently, but can be turned into valuable product). + +Hypothetically, if we could achieve a perfect economy in which there was no waste in any production process, then it seems to me there could be no more intensive growth. Every unit of input that can be turned into something useful is being turned into something useful. + +In practice it may be impossible to ever achieve that, but even so it seems likely that eventually we will get to a point where it is so difficult to extract anything additional out of a given unit of input that the rate of intensive growth is effectively zero. + +At the point where no more intensive growth (or perhaps, no more meaningful intensive growth) can be achieved, it would seem to me the only way to maintain economic growth here would be to increase output of goods by using up more resources (extensive growth) or services. + +Am I missing something here? +This is a broader question that may be easier with an example. My main question is, if someone pays a capital gains tax, do they always pay income tax before the capital gains tax as well? + +Example: I've read that Jeff Bezos sells $1 million Amazon shares every trading day. Since he has always owned those shares, does he pay income tax only, capital gains tax only, or both? Warren Buffett has also said he pays lower taxes per year than his secretary, how? + +Maybe a better way to put it is, is there a way to pay only the (max) 20% capital gains tax and never pay income tax? + +Sorry for the multiple questions, I'm not sure the best way to ask the question. + +Edit: Had to rephrase the first question. +Here is his background: + +**Powell** was born in Washington, D.C. He received a bachelor's degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. While at Georgetown, he was editor-in-chief of the Georgetown Law Journal. +I came across this interesting post on Twitter: https://twitter.com/ClarkiiStomias/status/1497835894782382080?t=hBMtWgFmN_kM60JxHkPUTA&s=19 + +Which essentially discusses how Russia's possible removal from SWIFT will trigger a move from reliance on the petrodollar to monetized gold or a Yuan-Ruble backed gold payment system. Thus, will also force all countries buying from Russia to rely to this new mode of payment mechanism which eventually counters the petrodollar system. + +I'm not sure how feasible this new idea that's gaining some traction is and my basic understanding of economics is not enough to either support and disprove any of the claims made in the post. + +To those with a better understanding of economics, what do you think? +I live in Portland and I hear that word all the time, and everyone gets upset, but isn't it a good thing that neighborhoods are getting better? Is revitalization the same thing as gentrification? +The Greeks are a set of risk measures that indicated how exposed an option is to time value decay, implied volatility, and pricing changes in an underlying security. There are five Greek risk measures: Delta, Theta, Vega, Gamma, and Rho: + +Delta: This is a measure of the change in an option’s price or premium resulting from a change in the underlying asset. A high Delta option’s premium will increase more than a low Delta option’s premium for every $1 the stock gains; a high Delta option’s premium will also fall more than a low Delta option’s premium for every $1 the stock loses. For example, if the Delta is 0.6 then for every $1 the stock rises the premium will rise $0.60. Delta is also commonly used when determining the likelihood of an option being ITM at expiration. For example, an OTM call option with a 0.20 Delta has roughly a 20% chance of being ITM at expiration, whereas a deep ITM call option with a 0.95 Delta has a roughly 95% chance of being ITM at expiration. Lastly, Delta is used when determining directional risk. Positive Deltas are long (buy) market assumptions and negative Deltas are short (sell) market assumptions. Neutral Deltas are neutral market assumptions. There are three main things to keep in mind when considering Delta: +- Delta tends to increase as expiration approaches for near or ATM options. +- Delta is further evaluated by Gamma, which measures Delta’s rate of change. +- Delta can also change in reaction to implied volatility changes. + +Gamma: This measures Delta’s rate of change over time as well as the rate of change in the underlying asset. Gamma is used to help forecast price moves in the underlying asset. Since Delta values are constantly changing with the underlying asset’s price, Gamma is used to measure the rate of change and provide traders with an idea of what to expect in the future. Since Gamma represents the rate of change of Delta, it is useful for determining the stability of Delta, which can be used to determined the likelihood of an option reaching the strike price at expiration. A good way to think of Gamma is the measure of the stability of an option’s probability. If Delta represents the probability of being ITM at expiration, Gamma represents the stability of that probability over time. Gamma values are highest for ATM options and lowest for deep ITM or OTM options. For example, suppose that two options have the same Delta value but one option has a high Gamma and one has a low Gamma. The option with the higher Gamma will have a higher risk since an unfavorable move in the underlying asset will have an oversized impact. High Gamma values mean that the option tends to experience volatile swings, which is a bad thing for most traders looking for predictable opportunities. An option with a high Gamma and a 0.75 Delta may have less of a chance of expiring ITM than a low Gamma option with the same Delta. There are three additional things to keep in mind when considering Gamma: +- Gamma is the smallest for deep OTM and deep ITM options. +- Gamma is highest when the option gets near the money. +- Gamma is positive for long options and negative for short options. + +Theta: This measures the rate of time decay in the value of an option or its premium. Time decay is the erosion of an option’s value from the passage of time. As time passes, the chance of an option being profitable or ITM lessens. Time decay tends to accelerate as the expiration date of an option draws closer because there’s less time left to earn a profit from the trade. Theta is always negative for a single option since time moves in the same direction. Theta is good for sellers and bad for buyers. For example, assume an investor is long an option with a Theta of -0.50. The option’s price would decrease by $0.50 every day that passes, all else being equal. There are three additional things to keep in mind when considering Theta: +- Theta can be high for OTM options if they carry a lot of implied volatility. +- Theta is typically highest for ATM options since less time is needed to earn a profit with a price move in the underlying stock. +- Theta will increase sharply as time decay accelerates in the last few weeks before expiration and can severely undermine a long option holder’s position, especially if implied volatility declines at the same time. + +Vega: This measures the risk of changes in implied volatility or the forward-looking expected volatility of the underlying asset price. Vega represents the amount that an option contract’s price changes in reaction to a 1% change in the implied volatility of the underlying asset. While Delta measures the actual price changes, Vega is focused on changes in expectations for future volatility. Higher volatility makes options more expensive since there is a greater likelihood of hitting the strike price at some point. Vega tells us approximately how much an option will increase or decrease in the level of implied volatility. Option sellers benefit from a fall in implied volatility, and option buyers benefit from a rise in implied volatility. Long option traders benefit from pricing being bid up, and short option traders benefit from prices being dig down. This is why long options have a positive Vega and short options have a negative Vega. For example, if the Vega is 0.25 and the implied volatility increase by 1%, then the option’s bid-ask price should increase by $0.25. If the Vega of an option is greater than the bid-ask spread, then the option is said to offer a competitive spread. This is just one consideration, as too high of a spread could make getting into and out of trades more difficult and/or costly. There are three additional points to keep in mind when considering Vega: +- Vega can increase or decrease without price changes of the underlying asset, due to changes in implied volatility. +- Vega can increase in reaction to quick moves in the underlying asset. +- Vega falls as the option gets closer the expiration. + +Rho: This measures the change in option premium due to interest rates. For example, if Rho is 0.25 and interest rates are increased by 1%, the price of the contract would increase by 0.25 / $25. If interest rates are decreased by 1%, the price of the contract would decrease by 0.25 / $25. + + +If anyone is familiar with calculus, you can think of the Delta as the velocity of the contract price(first derivative) and the gamma as the acceleration of the contract price(second derivative). These calculations come from the partial differential equation, Black Scholes model. + +I posted here last night in regards to my Options app, StockOrbit and I will be adding tutorials on the Greeks to better understand them for the community. + +Disclaimer: I did not write up parts of this explanation, the majority was sent to me from a friend. +Aside from being part of a lawsuit in which everything is discoverable and can be used against him, said lawsuit and scrutiny right now would have every lawyer he is advised by telling him not to. + +Our interpretations of said tweets here and his actual tweets will be dissected, manipulated, etc. + +He should be silent. Let’s put that to bed and stop expecting anything else. +So basically the title. I’ve been saving up to buy a house. The market is inflated. Haven’t found anything. I have a free place to live in the meantime. Should I go all in on ETH? +Put another way, is there some property of Bitcoin that makes it a superior store of value than Ethereum? + +I am convinced that Eth will overtake BTC as a method of payment, due to faster performance and better interoperability with other systems. + +I wonder if despite this, Bitcoin still has a place, as a store of value. Perhaps the fixed supply, simplicity, and backing by real world value (POW), makes it superior in this regard? +https://www.bloomberg.com/news/articles/2019-12-01/the-way-out-for-a-world-economy-hooked-on-debt-yet-more-debt + +Zombie companies in China. Crippling student bills in America. Sky-high mortgages in Australia. Another default scare in Argentina. + +A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. That’s almost three times global economic output and equates to about $32,500 for every man, woman and child on earth. + +Much of that legacy stems from policy makers’ deliberate efforts to use borrowing to keep the global economy afloat in the wake of the financial crisis. Rock bottom interest rates in the years since has kept the burden manageable for most, allowing the debt mountain to keep growing. +**edit:** + +is this the smoking gun?: +https://www.reddit.com/r/Bitcoin/comments/63yo27/some_circumstantial_evidence_supporting_the_claim/dfy5o65/?utm_content=permalink&utm_medium=front&utm_source=reddit&utm_name=Bitcoin + +can someone verify this? + +-=-=-=-=-=-=-=-=-=-=-=-=-=- + +A short list of the _circumstantial_ evidence I was able to quickly put together: + +* Existence of ASICBOOST was just [confirmed](https://blog.bitmain.com/en/regarding-recent-allegations-smear-campaigns/) by Bitmain them self. "_Our ASIC chips, like those of some other manufacturers, have a circuit design that supports ASICBOOST_" - It's very costly to develop and even costlier to put it in every single ASIC. **It makes no sense whatsoever if you're not intending to use it**. + +* "_Bitmain has tested ASICBOOST on the Testnet but has never used ASICBOOST on the mainnet_" [(Source)](https://blog.bitmain.com/en/regarding-recent-allegations-smear-campaigns/) +_ For what reason was it tested on testnet if not for actual use? + +* "_Bitmain holds the ASICBOOST patent in China. We can legally use it in our own mining farms in China to profit from it and sell the cloud mining contracts to the public. This, however profitable, is not something we would do for the greater good of Bitcoin._" +_ **Literally every single piece of evidence we have directly contradicts this.** Words are cheap... + +* https://twitter.com/AaronvanW/status/850060132264407041 +(Jihan indirectly confirms that they are using ASICBOOST on weibo) + +* https://twitter.com/CollinCrypto/status/849802945294217217 +(Jihan indirectly confirms that they are using it on twitter, **then deletes tweets**) + +* Almost empty blocks with 12-20 transactions indicate use of covert ASICBOOST. **Antpool is mining lots of [exactly those kind](https://np.reddit.com/r/Bitcoin/comments/63yo27/some_circumstantial_evidence_supporting_the_claim/dfydbca/) of blocks** + +* Weird transaction shuffling is necessary for ASICBOOST. **Bitmain engages in weird transaction shuffling**: +https://twitter.com/ElectrumWallet/status/849974808259559425 +https://twitter.com/ElectrumWallet/status/850195695302696960 + +* u/bip37 actually found the stratum command used to activate ASICBOOST on antminers pointed to Antpool some 9 months ago: https://archive.fo/Ok3SJ + +* segwit (unintentionally) breaks the covert form of ASCIBOOST. **Bitmain oposes segwit**. + +* SegWit2MB (in case segwit is implemented via HF), BU and Extension Blocks does not break covert ASICBOOST. **Bitmain supports all of those proposals**. + +* Greg's fix blocks only covert ASICBOOST - it does literally nothing else. **ANY** miner not using covert ASICBOOST profits from such a fix since it prevents the competition from secretly using it. **Bitmain opposes the fix**. + +* >"We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back. Either they don’t know what they are doing, but that is not very likely at this scale **or they have some secret advantage that we don’t know about**." – Sam Cole, KNC CEO + +This is anything but exhaustive. Feel free to provide more. + +ah, another piece of useful information: + +https://twitter.com/GigaBitcoin/status/849860111635853312 +https://twitter.com/ElectrumWallet/status/849864151748968448 + +(explanations why ASICBOOST is an attack or at least cheating and NOT an optimization) + + + +[Here's the original thread.](http://www.reddit.com/r/personalfinance/comments/1vg1nq/wife_is_weary_is_sharing_accounts_throwaway_time/) + +TL;DR: Wife had about 23k in her name, most of it mine from direct deposits, wouldn't grant me access, she wanted a GTFO fund although I had an emergency fund already for us. + +Well, I finally conjured up enough balls to sit down with her and ask why she wasn't comfortable with having a shared savings account. Long story short, she was worried about her financially terrible family and we came to an agreement: + +10k would be set aside for her family just in case they go completely broke. The remaining 14k or so would be in a share savings account in which my direct deposit goes towards. Both have access to emergency savings now.. Happy ending! + +EDIT: Fuck, this blew up. Thanks everyone for the comments and whatnot; very helpful to see such varying opinions. Now to answer some questions.. + +- No, we are not going to throw cash at her family willy-nilly and say it's fine now and wait for the next 10k to be blown. We both understand that this 10k is for SERIOUS emergencies only, like not being able to keep a roof over their head or not feed themselves. We agree on that front, and we would both have to agree to give it to her family. + +- No, the family doesn't know we have 10k sitting around in case there are serious troubles. So I doubt they would be in on some scheme to rip us off. + +- I can't see myself NOT helping her family. Can't believe some of you are even saying "well her family issues are none of your business." They're all my business now, and I knew this before I married her that we may have to shovel out some money to assist them. Very selfish.. I'm incredibly money-driven but there's a line to respect between finances and morals. + +- The 10k is actually the money *she* "brought" into the relationship, just never moved it from an old bank. Unlike the 14k'ish, which is almost ALL mine from direct deposits, etc. So, I agreed to keep that 10k aside. +Been married to my partner for 11 years, with one child. I’m happy for most of it, but it’s been rocky. In the last decade, she has attempted businesses without much success, had multiple jobs in which she was never happy or had productive growth, she seems to just not care about doing good work, she was twice let go from her role. In her current role, she prefers to quit, to take a break and find a job that she wants to pursue long term. I think she’s at a point of giving up her side business for good, since going into some debt. Which I think is a good decision, a business that isn’t worth the effort. + +After years of ups and downs, I don’t know what to do, continue supporting her with her needs, which is quitting her current day job during this rather down period and uncertainty in the job market. She wants to take a break and find a job where in an industry and product she would be passionate about. + +Any advice from those that reached FIRE that had spouses with lack of financial (and emotional) stability? I love her, she’s a good person and I’m trying to be supportive of her needs to take a break, but also feel like I haven’t done a good job setting expectations and consideration of family needs (paying expenses), doing what’s needed in the moment. + +[Edit] I’m on path to FIRE, and though this isn’t a specific investment/fund question, it is a principle and behavior that would impact long term FIRE success. + +[Edit] Thank you community for all your support. I did not expect this much response of diverse and thoughtful guidance. + +[Final Edit] Dear community, My closing comment unless there is another good suggestion that hasn’t already been shared. I appreciate all the input, here are the next steps we aligned together: 1) My partner to take an extended break from work in Jan. Step back to step ahead 2) Stop the side biz for good! Develop plan and double down on professional career for second half of 2023 3) Take professional counseling and read up books 4) Apply principle of "Opposite could be worse" - See the best in each other, accept shortcomings 5) Keep FIRE'ing away. Double down on career, continue growth mindset for higher earnings (and savings) +I am not sure if I should already flair this as DD or rather only as "education". Well, it got longer than I intended it to get at first and has multiple sources and images, so DD it is (mods, change it if you disagree). + +I am not a financial advisor, this is not financial advice, in fact nothing that I write is financial advice, even if I explicitly should state that something is financial advice it is in fact not. + +# Abstract + +(we really should start all DDs with abstracts). The Gamestop short squeeze will likely be more similar to the overstock short squeeze than the VW short squeeze for two reasons: 1. VW was bought up by a single party that then actively took measures to help the short sellers to cover 2. the short interest in VW was more than likely much, much lower than the short interest in GME. In this sense the GME squeeze may be more similar to the overstock squeeze which would imply that everyone that bought before the squeeze and sold after it at literally any time would make a profit. + +# DD + +People often imagine the VW-squeeze if they think about how a typical short squeeze or a Gamestop short squeeze would look like. I.e. they think about something like this: + +[The VW short squeeze](https://preview.redd.it/82m9b430pt081.png?width=700&format=png&auto=webp&s=6dd8537d445e0760ded75fec2d0f4ec40803cac3) + +However, this is a bad example for two major reason: First: The VW squeeze was caused by one player, Prosche, who bought up a large amount of shares. [Then, as the price began to rocket they sold 5% of their holdings again to ease the situation](https://internationalbanker.com/history-of-financial-crises/the-volkswagen-short-squeeze-2008/) and cutting the squeeze short with a huge amount of shares being available again at once (huge especially in relation to the reported short interest of 12.8%). The second important factor is that the short positions in VW were likely much, much smaller than the ones we expect to see in GME. [The official short interest of VW was only reported as 12.8% at the time of the squeeze](https://www.cinemonic.com/the-biggest-short-squeeze-in-history-volkswagen-short-squeeze-of-2008/). Obviously there may also have been hidden short positions in VW, however, we already know that [the official short interest in GME was over 100%](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) and [that shorts did not nearly buy enough to cover that](https://www.reddit.com/r/Superstonk/comments/qbgp98/i_counted_the_pixels_on_figure_6_on_the_sec/) and may in fact, rather have doubled down and [now be forced to short even more because of continuous bullish retail sentiment](https://www.reddit.com/r/Superstonk/comments/qubsox/drs_in_the_long_run/) (see second half of the linked DD). Furthermore, before the VW short squeeze there was no need for short sellers to go out of their way to hide short positions (as there is now because of apes). + +So let's look at another squeeze instead. A stock that was not bought up in an organized manner by a single party and whose squeeze was then mitigated but instead squeezed more "organic", (i.e. more similar to what we expect of GME): Overstock. (btw. do not search for "overstock short squeeze 2020" with google, use duckduck go instead, otherwise you will get articles referring to a "overstock short squeeze" in 2019, which is not the big one that was induced by issuing a crypto dividend and the one I am talking about here). + +Alternatively, you can view the Overstock-squeeze as a [two-part squeeze](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/), but the more interesting part here is the second and "real / final" part of the squeeze. This is the chart for the overstock short squeeze: [taken from here](https://www.tradingview.com/chart/OSTK/otnWvy88-Overstock-Timeline-of-events-that-lead-to-the-short-squeeze/) + +[The Overstock short squeeze 2020](https://preview.redd.it/0w31u4izst081.png?width=1462&format=png&auto=webp&s=fd206ec9a23cfdf34d9647505b32751939547fcc) + +As you can see from this chart, the price did not drop again to the levels before the squeeze. In fact it did never drop down again anything close to that ever and is currently thriving: + +[Ovestock 5 year chart](https://preview.redd.it/tscnv4zltt081.png?width=679&format=png&auto=webp&s=04c931ced41c088b0b75b3918bd0cb421e0ddbcd) + +If you would have sold at literally the worst possible time after the start of the squeeze and would have bought on an average price in the year before, you would still be up about 200-500%. I unfortunately did not find a source regarding the exact official short interest in overstock before the squeeze 2020, [only that it was small](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/). (if you are a kind ape, link it and I will add it). However, I also would not expect that the overstock short interest, even if we speak about the actual short interest, not only the reported one, was higher than the short interest in GME. This is mostly because of the very exceptional circumstances that surround GME. + +I.e. GME may likely go up and stay up. As overstock was unexpectedly successful Gamestop with their transformation may be too. Considering inflation and Gamestops long term transformation there may be no need to sell at all. + +tl;dr + +Read the abstract, it is like a tl;dr but fancier and with a fixed position at the start of the text so that you guys always find it. Also: please do not see my title as a challenge. +*This is a guide using Interactive Brokers IBKR for a lot of apes out of the US and Canada, particularly in Europe but it can be used globally. Basically, you can open an account with IBKR, transfer or buy shares with them then initiate a DRS transfer via the secured message center. I eat yellow crayons for breakfast and my last IQ test came at 69 so this is* ***NOT financial advice***. This is simply a gathering of information available publicly. + +**^(Last update: Nov 11 @ 01:15am NYC Time // I was out of a computer for a month so couldn't do major updates. Apologies for the delay! Main update is the simplified outgoing process implemented by IBKR vs messaging.)** + +# TL;DR + +A guide to **TRANSFER** a portion/all of your GME shares to Computershare (CS) from Interactive Brokers (IBKR). + +# Intro + +Before I jump into the process for IBKR, let me clarify something. First, your broker might actually allow DRS Transfer (in which case this guide could be useless for you). In other cases, while your broker might not allow DRS transfer, they might allow Broker to Broker transfer. In this case, you could transfer your position from your current broker to IBKR then do a DRS Transfer to ComputerShare. Finally, PLEASE CHECK that your broker won't actually liquidate your position if you do a broker to broker transfer. + +\------- + +# 🇮🇹 Gorilla Italiani (a message to Italian Apes) 🇮🇹 + +🇮🇹 Go to u/-LNZ post for help. He has done [something in Italian just for you](https://www.reddit.com/r/Superstonk/comments/pzvc4z/italian_ape_here_wanting_to_help_other_italian/) 🇮🇹 + +\------- + +# A note about tax impact of transferring (ie: registered accounts (IRA, 401K, TFSAs, etc), lot method, cost basis and keeping track of your share transactions. + +**Registered Accounts** + +Lucky apes in the US and Canada can access registered accounts with their brokers (also known as IRAs, 401K, RRSP, TFSAs, etc). Because you would be dealing with CS US, a registered account for Canadian and anyone overseas just won't be possible. As a result, before initiating, I would make sure transferring to CS is in my best fiscal advantage (but that's me). + +*As far as US apes go, I understand CS is accepting IRA account however, it's a fairly complicated process and needs more DD* + +&#x200B; + +**Transfer** **Lot Method** + +**ELI5: You can choose which shares you want to transfer (the first ones you bought? The last ones? etc)** + +When transferring positions, your initial broker should be asking or give you the choice on the tax method you'd like to use to transfer your positions. If not, there should be an option in the account management or you could check your statements and list to your brokers the shares you want to transfer. + +With IBKR, it's the same and I would encourage apes to first check the tax method and select the right one based on where you live, your situation, etc before initiating the transfer. More on this below. + +Some of the common ones: + +* Last In, First Out aka LIFO - The last shares you bought will be transferred first. +* First In, First Out aka FIFO - The first shares you bought will be transferred first. +* Highest Cost - The shares with the highest cost will be transferred first. + +There are a few other methods and each of these will be in your favour or not based on where you live, etc. Do your DD. [Here is something I found really quickly](https://finance.zacks.com/determine-shares-sell-fifo-lifo-9766.html) + +&#x200B; + +**Cost Basis** + +Once again, when you transfer, you might see the cost basis a bit all over the place. I encourage you to ensure the right cost basis is recorded before you start your transfer from IBKR. + +&#x200B; + +**Keeping track of your transactions** + +I'm a grandpa at heart and always like written proof. As such, I encourage you to keep your statements on your initial broker and generate a statement from IBKR (keep it in a safe place on your computer or else). + +\------- + +# I want to open a CS directly + +If you are in the US, you can follow [this kick-ass guide](https://www.reddit.com/r/Superstonk/comments/ppw723/transferring_shares_to_computershare_part_2_a/) from u/BananyaBangarang. Unfortunately, for the majority of international apes, it is not possible to open an account with CS directly. + +\------- + +# Some DDs to understand more about DRS and Computershare + +Check the following posts: + +* From u/Doom_Douche / [SuperStonk Post: When you wish upon a star - a complete guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +* From u/Criand / SuperStonk Post: [Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. Hope this clears things up!](https://www.reddit.com/r/Superstonk/comments/ptp3a4/thought_id_make_some_bad_charts_for_you_visual/) +* From u/Criand / SuperStonk Post: [Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. ComputerShare is not some shady company. They are the designated transfer agent for 37.4% of the market.](https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/) +* From u/Criand / SuperStonk Post: [ComputerShare and DRS is the way. It ignites the squeeze because it's equivalent to an investor-driven share recall. You aren't transferring shares, you are transferring CERTIFICATE ownership away from the DTC and into retail's hands. Shares can be replicated infinitely. Certificates can NOT.](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/) +* From u/zenquest / SuperStonk Post: [Why direct ownership of GME at Computershare is the most likely trigger and what's stopping](https://www.reddit.com/r/Superstonk/comments/prsk9n/why_direct_ownership_of_gme_at_computershare_is/) + +\------- + +# FAQs + +&#x200B; + +* ***"How long does it take?"*** \- There could be 3 parts to this process: + +1. The process of transferring your shares from your current broker to IBKR; +2. The process with IBKR, and; +3. The process with CS (ie: create your account, etc). See below of this post for more on this. + +&#x200B; + +* **"*****Do I need to transfer all to CS now?*****"** \- Simple answer is no (unless it fits your investment strategy). You should have done your DD about your broker and understand how reliable they are on a scale from Robinhood to Fidelity. CS and DRS transfer is suited for some apes wanting to build an ♾️🏊. If I use my personal experience, I have transferred ~~20%~~ 80% of my GME shares to CS because I'm not planning on selling short or mid-term. That's my decision and it suits my investment strategy. + +&#x200B; + +* ***"So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?"*** \- Really valid question and it's a personal choice again. For me, I want these shares in **MY** name, not street name. + +&#x200B; + +* **"*****What happens if MOASS starts while the shares are being transferred?*****"** \- Once again, you have to be clear about your investment strategy. If you are not planning on selling these, why do you care if they are in transit? From my POV, it's a plus. I won't be tempted to touch them. + +&#x200B; + +* ***"Computershare has a shitty ceiling on max sell?"*** \- That's true. $1m/transaction so definitely lower than my floor. Anything above this will require written notice. As per above, see post [here](https://www.reddit.com/r/Superstonk/comments/pphitt/computershare_sell_limits_per_customer_support/) + +&#x200B; + +* ***"What happens to my shares once they are 'transferred' to CS?"*** \- Well, it's a bit weird. As stated above, they are not a broker yet the shares will show on your Computershare account, not your existing broker account. + +&#x200B; + +* ***"What happens once the transfer has gone through with my broker?"*** \- See bottom of this post for more on this + +&#x200B; + +* **"I already have a CS account, will another account be created if I transfer more shares later?"** \- That question has been floating around lately. If you start subsequent DRS transfer and want these shares to go to your existing CS account, quote your CS account number to your broker. Just make sure the name on the account match. + +\------- + +# LEEEGOOOO + +**A word about IBKR** + +I won't chat about how dodgy IBKR is or how shitty their founder is. I don't care about this. To me, they are a mean to an end (1. Buy shares via IEX and 2. Transfer to CS). I've been a customer with them since 2017 and they've been fine. + +**Be kind** + +One last thing, be patient and kind with the customer service reps and CS side. If you get a good experience with one of them, take another 5 min after you are done to write a referral or compliment, it goes a long way! + +&#x200B; + +**Things you need to know and/or might need** + +* **GameStop Details:** + +**Ticker: GME** + +**CUSIP: 36467W109** + +&#x200B; + +&#x200B; + +* **Computershare Details:** + +**Address:** + +>**Computershare Trust Company, N.A.** +> +>**P.O. Box 505005** +> +>**Louisville, KY 40233-5005** + +**CS DTC #: 7807** + +# Phone Number / GME Team: +1 877-373-6374 and press *99 + +\------- + +# The Process + +>**# LIST OF COUNTRIES:** [Wherever IBKR operates](https://www.interactivebrokers.com/en/index.php?f=7021) +> +>**# NOTE: You don't need to open a ComputerShare account, IBKR will take care of it as part of the process.** +> +>**# IMPORTANT: You need to have funds available in USD on your account for the fees. Don't risk delays.** +> +>**# FEES: $US5** +> +>**# PROCESS COMPLEXITY:** 🔷 +> +>**# TIMING: 5-7 days** +> +>**# METHOD: Online Form** + +First and foremost (and not covered in here), you need to open an account with IBKR, it's not complicated but it's lengthy and can take a few days. I'm not doing this for the money nor the fame but if you want a referral code, let me know and I can shoot one. + +Anyway, so you've opened an account. Well done retard. + +Now it's fairly simple. Essentially, you just have to request an OUTGOING DRS Transfer. + +# BEFORE YOU GET STARTED + +**!!!! Ensuring your details are correct on your IBKR account (Name, Middle Name, Address (to the T), Tax number, Phone number, etc) !!!** + +CS will be using the details provided by IBKR to transfer your shares. If you have a wrong address, you won't receive your snail mail. If you have the wrong Tax number (if applicable), you might not be able to register online, etc) . + +&#x200B; + +**!!!! Ensuring you have funds on your account IN US DOLLARS !!!** + +When you open your IBKR account, you select your base currency and when transferring funds on the account, the money will be added to this base currency (ie: you transfer Euros in, they will show as Euros on your account, so on and so forth). + +For the DRS Transfer, **YOU NEED TO HAVE FUNDS IN US DOLLARS. I REPEAT, FUNDS IN US DOLLARS.** That means you need to convert $5 or a bit more in USD. Keep in mind if you have a cash account, it might take T+2 to settle. I have had settlement in minutes and other times in a few days. + +**Step 1.** In the menu, click on Trade >> Convert Currency then convert some in USD (enough to cover the cost of transfer) + +https://preview.redd.it/c2cvzdu9fnq71.png?width=1160&format=png&auto=webp&s=498f2e3ac23c44ac7e7db6933477655e8d09e5c5 + +&#x200B; + +**Choosing your tax method (ie: what shares do you want to transfer?)** + +**Step 1.** Make sure you have chosen your tax method by clicking on Reports >> Tax Documents on the menu (also available in the app) + +https://preview.redd.it/ux6j0knxcnq71.png?width=1167&format=png&auto=webp&s=5fb31985fa1be930217a9a897cbc7e077d42cf71 + +**Step 2.** From the drop-down list, choose your preferred method then click save. (See above to learn more about this) + +https://preview.redd.it/hmgdmj6bdnq71.png?width=1112&format=png&auto=webp&s=8371185e124430cb439291d8dac378d67e69d1f8 + +&#x200B; + +**Adjusting your cost basis** + +In some cases, during your initial transfer, your lot and cost basis might be all whacked. Adjusting your cost basis is the way to rectify this. + +**NOTE: Keep in mind IBKR has 10 days to do this so even if you have adjusted your cost basis, it might not be reflected immediately.** + +**Step 1.** Click on Reports >> Tax Documents on the menu (also available in the app) + +https://preview.redd.it/ux6j0knxcnq71.png?width=1167&format=png&auto=webp&s=5fb31985fa1be930217a9a897cbc7e077d42cf71 + +**Step 2.** Bottom right, you'll see Cost Basis. Click on the icon near Position Transfer. This is where you can input your cost basis and dates for the lots you have transferred. Easy. Just make sure you have a detail of these by using your broker statements. + +https://preview.redd.it/3h64iku6enq71.png?width=1147&format=png&auto=webp&s=fead6d16fa3d70fc2f88569962cf51131a1b50c5 + +# TIME TO ACTUALLY TRANSFER + +**On Web or Mobile** + +**Step 1.** Click on '**Transfer & Pay'** and select '**Transfer Positions'** on the menu. + +https://preview.redd.it/nf01rjnf4vy71.png?width=2782&format=png&auto=webp&s=7dc20317951c13501942c2ea8aed4e54cf2bcf11 + +**Step 2.** Select '**Outgoing'** (below the top purple box I've placed in the screenshot) and click on '**Select'** for DRS. + +https://preview.redd.it/2mu8bnmg4vy71.png?width=2764&format=png&auto=webp&s=b893c1bc322bf3fdff7f28bba05502aba7e86c30 + +**Step 3.** Fill the details as required and click on '**Next'** + +Note 1: If you already have a CS account CXXXXXXX, don't forget to input it here. If you don't, leave that part blank + +Note 2: Select how many shares you'd like to transfer. + +https://preview.redd.it/ndbpws1i4vy71.png?width=2778&format=png&auto=webp&s=b299d1524ee16ab56f5e6e37962519b261886b8c + +**Step 4.** On the next screen, you'll see a summary of what you are about to transfer, sign with your name (it needs to match) and click on '**Continue**' . Follow the remaining instruction and boom, you are good + +https://preview.redd.it/m1waya4j4vy71.png?width=2750&format=png&auto=webp&s=f99089983a204b4349dbe36eded573e7a4b1364a + +\----------------------------- + +# BONUS #1 - Issuing a Report + +I always ensure to keep track of my transfers, etc. As such, I would always keep PDFs of my broker statements showing when I bought my shares. I would also keep statements from IBKR. + +To generate a statement, it's easy: + +**Step 1.** In the top menu, click on Reports >> Statements + +**Step 2.** On the new loaded page, click on the **+ icon** in the Custom Statements window + +**Step 3.** Give your statement a name and in the Sections part, select All. + +**Step 4.** In the *Sections Configurations*, I have selected **MTM and Realized P/L** for **Profit and Loss.** + +**Step 5.** In the Delivery Configurations, I have selected PDF and save + +\----------------------------- + +&#x200B; + +# BONUS #2 - So you want to buy with IBKR? + +When buying shares, please refer to the currency section. You will need to convert in USD to start buying. + +Once that's done, [you can check my quick guide to buy via IEX](https://www.reddit.com/r/GMEJungle/comments/p5ahqq/infoguide_iex_how_to_route_to_iex_on_interactive/) + +&#x200B; + +\------- + +# So what is happening after my broker has completed its part? + +* Your ticket will be allocated to your broker. In my case, it took 3 days but it should be done in about 48h max. +* They will start the process. In my case, it took another 1-2 days. +* Once the shares are out of your account, it basically will take about 72h to land with CS. You can contact CS \~48-72h later to make sure all is fine (**GME Team: +1 877-373-6374 and press \*99)**. I've done that and CS confirmed my account was created and I just needed to wait for my registration details by post (about 3-4 weeks for International). You gotta be patient unless you ain't (see below if that's the case) +* You will receive your transfer confirmation a few weeks later. You can then set up your account. You'll need to set up your account with personal details, 3 security questions and a password. You'll then get a verification link to your email. +* Once that's done, CS will ask for a special token code (kinda 2FA)...and that code is sent by snail mail. You can call CS right away and request an express package. Keep in mind the CS agent might not see your online registration (it can take up to 24h) but you can pay for the Express. +* **INTERNATIONAL APES: you'll need to fill a W8-BEN form** but that can be done online when logged in your CS account. + +\------- + +# "So yeah, I'm not patient, what do I do?" + +**Self-Serve Method (didn't work for me)** + +**Step 1.** Login to [CS website and try registering online](https://www-us.computershare.com/Investor/#Home?cc=US&lang=en) (2) (you might need a VPN or overwrite the default country redirect (1). + +https://preview.redd.it/r627irbd0zq71.png?width=1141&format=png&auto=webp&s=c713e480e4b165e306d81412d6d8078f54f3b826 + +**Step 2.** Register with your SSN (Tax Number or equivalent), your ZIP code, etc. + +**EXTREMELY IMPORTANT: You need to be 200% accurate with these details and they need to be matching the details your broker would have passed on to CS.** + +**NOTE: For transparency, it didn't work for me since my postcode (ZIP) is 4 digits. I noticed it doesn't work if your postcode as letters in it.** + +https://preview.redd.it/uy8373de0zq71.png?width=818&format=png&auto=webp&s=8638e0393c846e9af260bfb3a0dbf3ff26efa6ed + +**Call Centre Method** + +**Step 1.** Call the CS US number on **+1 877-373-6374** and **press \*99** + +**Step 2.** Make it clear you just transferred shares, do not have a registration yet, and don't want to wait for regular post. You'd like **Express Post ($35 for US / $45 for international).** + +NOTE: You can also request Express to receive that special code. Just call them as you initiate the verification process. + +**Step 3.** Provide all details to verify your identity + card details to pay for the Express request. + +**Step 4.** Getting a tracking number should take a day so you can call back and ask for it. +I have tried to put together 3 deals in 2018 and failed every time. Every time I got extremely close, once getting to two weeks away from closing before it all fell apart. I have sunk all of my life savings ($75k) into legal and other fees as well as thousands of hours of work and I have literally nothing to show for it. Should I just give up? + +/u/smackberry pretty much nailed it. I was doing commercial and industrial. + +The big one (where I spent $50k) was a logistics play that got screwed up because the city changed their flood ordinances and our insurer hiked his rates way up and the bank pulled out which caused my equity partners to leave as well. By then we had already been through appraisals, regulatory costs, inspections etc. We were planning an expansion on the building, so initial architecture and engineering work and fees for seeking planning consent. Legal work was pricey because on deal 2 where I spent about $15k the sellers lawyer kept yanking us around on our contract for a month and everytime it went back to our lawyer it cost us $$ and time as it was a pretty complex contract (seller wanted to keep a piece of the equity). (Not thousands of hours, probably closer to 500) +Hi all + +I have attempted to set out some practical examples of how Lightning wallets could be used as I think this is an area which could benefit from better explanations, particularly for newcomers to Bitcoin. + +In particular this graphic attempts to show how Lightning wallets will not 'lock up' funds in any practical sense, and will in fact operate very much like 'hot' spending wallets which we are already familiar with. + +This post doesn't attempt to introduce all aspects of Lightning and does assume a basic understanding of the creation of channels, why it's trustless and how payments will be routed. + +I hope this is helpful for some people and really happy to hear any comments and suggestions as to how it can be improved. + + +***** Edit: Great to see that people appreciated this post and that it sparked some really detailed discussion. I've learned a lot from the responses that have been given to questions, many of which I wouldn't have been able to answer myself. + +Thanks for those that spotted minor errors in the graphic, which are corrected in the updated link below. + + +Revised graphic here: https://i.imgur.com/L10n4ET.png +# + +https://preview.redd.it/6adu92jvq7871.jpg?width=550&format=pjpg&auto=webp&s=5b88e4fdc53311f6341d673e9e48a62f5cd63f00 + +# Dear "THEM" at the top, + +&#x200B; + +I'm a simple Ape. You all most likely went to the best schools and got a job in the world of finance/governance. You likely worked hard and learned the ropes. You have been rewarded with excellent pay and your families have benefited from the system that is currently in place. Some of your colleagues, maybe a member of your DTCC family, maybe it's someone your supposed to catch (SEC), maybe it's a rival, maybe it's someone your supposed to oversee (Politicians) etc.....well some people in YOUR system have been breaking the rules...... + +"Hey, Hey, you think. That's on them......this system has been going like this for a long time without too many problems for us. + +# + +# GUESS FUCKING WHAT........THE POOR'S ARE STARTING TO WAKE UP AND WORD IS SPREADING. + +&#x200B; + +We see your system for the rigged carnival game that the market has become. You all have been allowing OPEN manipulation for years to tilt the game in your favor and more people are learning about it each day. **Everyday that you allow this charade to continue in plain sight, allowing power players in the market to openly manipulate things to get themselves out of trouble, is a day the fire inside every retail trader burns hotter.** + +&#x200B; + +&#x200B; + +# YOU ALL FUCKED RETAIL BACK JANUARY 28th. YOU OPENLY MANIPULATED THE SYSTEM TO PROTECT YOURSELVES. WE SEE YOU, YOU FUCKING SNAKES. + +&#x200B; + +&#x200B; + +&#x200B; + +The people you fucked over in Jan were Dads, Moms, Brother's, Sister's, Uncles, Aunts, working class/middle class, **people who actually needed that money for bills, unpaid debts, hospital bills, to buy their first homes, to just fucking breathe without the constant fear of crushing money problems and you FUCKING SNAKES DID IT TO PROTECT THE ONES WHO HAD THE MOST**. \*\*(***FUCK YOU AND YOU SHOULD BE ASHAMED.)\*\**** + +&#x200B; + +&#x200B; + +Seriously, you all fucked over the people who needed help the most. I'm waiting on a fucking 3% raise at my lower middle class job when inflation is running over 5%. So next year I'll be making less money than I am now. You all transferred all this wealth from us working poor to yourselves at the top. You have no idea what is coming. The anger I feel is spreading each day. Apes are starting inform people and soon you are going to have way more than 400k eyes looking at your corrupt system lookin for answers. When your average American learns you snakes have been stealing their retirements to line your pockets, they are going to be sharpening their pitchforks. + +&#x200B; + +&#x200B; + +# Keep allowing the can to get kicked. Keep lying. See what happens. + +&#x200B; + +&#x200B; + +# SEC, Please don't get off Pornhub to fix this problem. Don't show retail traders that you all are toothless little imps suckling on the tits of greedy money pigs as your real masters. I swore an oath to protect this nation years ago. I'm curious, if you also had to do the same oath, you know, to uphold the rules and laws..... + +&#x200B; + +&#x200B; + +# You think you are going to get away with this, but I'll dedicate my entire life getting back what you stole from me in Jan. I'll HODL and teach my kids to HODL for generations. FUCK YOU AT THE TOP. I'M NOT GOING ANYWHERE. + +&#x200B; + +&#x200B; + +# MIC DROP AND MIDDLE FINGERS TO YOU!! + +&#x200B; + +LOL: I'm not actually that angry. I'm passionate and sick of the corruption. Some of you know my writing style. I'm that angry Marine. lol. I know they read our stuff, I want them to know that WE FUCKING KNOW! :) +*It's been a tough day, and we're grateful to you for being a r/CryptoCurrency subscriber.* + +Cryptocurrencies are open and permissionless. That's kinda the whole point. You can send money to anyone, anytime. You can trade on centralized platforms or directly peer-to-peer. It's totally up to you. + +If some exchange prevents trading, you can always trade somewhere else. They can't stop decentralized networks. If you hold your own keys (cryptography that allows you to send and receive funds), you have freedom to do whatever you want with your money. + +But... pump and dump groups are not good. r/CryptoCurrency is ***NOT*** a pump and dump group. + +Cryptocurrencies have seen their fair share of pumps and dumps. The distributed nature of them mean that anyone can attempt these at any time. Experienced cryptocurrency traders are extremely familiar with them, since they happen all the time. It's normal to see random "altcoins" appreciate or depreciate more than 100% in a single day. That's normal here. Everything is 100x. + +We encourage you to learn about cryptocurrencies and to take advantage of their freedom and censorship-resistant properties. But please, follow our rules. Us moderators take the role of preventing manipulation here (of all types) extremely seriously. + +Thanks, + +The r/CryptoCurrency Moderation Team + +--- + +Do you have no idea how cryptocurrencies and blockchains work? Don't panic. Everyone needs to start somewhere. + +Have 25 minutes and want a laugh? See this episode about cryptocurrencies on Last Week Tonight: https://www.youtube.com/watch?v=g6iDZspbRMg + +Learn. Focus on Bitcoin first. Your best tool is education. + +Note: you ***earn cryptocurrency for participating in this subreddit!*** Read the subreddit rules first please, then post and comment to earn karma. For each karma you earn, you earn some MOONs in your Reddit app. [Read more](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) +Hi there. I have been reading this forum for 4-5 years. As many people do, I devoured all the content I could read -- MMM, MadFientist, Daily threads, etc. and got on board with everything. Dramatically lowered my costs, boosted up savings in tax advantaged accounts... even made a career pivot in order to dramatically increase my income. All of that went really well for a good chunk of time. + +In Winter 2018, I started to read and learn about cannabis stocks. Learning of the dramatic returns that many companies had produced due to generous estimates of forward multiples, I became seduced by the prospect of accelerating my path to FI. Over the coming months, I started to weight my portfolio heavily and more heavily in favor of cannabis stocks, going overweight in one in particular (Sunniva Inc) that, based on incredibly extensive DD conducted by me, I thought presented really promising prospects for dramatic returns. My rationale to myself was that if this thing goes south, I'm still relatively young (31 years old) and have plenty of years ahead of me to earn lots of money and save it. + +As it would turn out, this did not go well. That company has disappointed shareholders time and time again, and in the process I ended up losing 75% of my total portfolio. I sold my shares in the company a week or so ago and was completely devastated. I had such high hopes and expectations for this company delivering dramatic returns and transforming my entire financial situation. It did indeed transform my financial situation -- just not in the direction that I had hoped for. + +The lessons learned here are pretty obvious, and they go back to FI principles -- diversification matters, difficult to beat the market, etc. I've lost a substantial portion of my net worth in this move. This isn't a post about shitting on that particular company -- for all I know, given enough time, they will go gangbusters and produce incredible returns for shareholders. That said, I've learned that I simply am not comfortable with that sort of investing. I'd rather trust the basics and control my financial situation by increasing income, decreasing costs, and investing wisely in a simple, diversified portfolio risk adjusted for my age and net worth. + +It is really easy to read MMM, this forum, etc. For me, clearly it was harder to internalize the wisdom of that advice and apply it year in and year out. I hope that I have learned my lesson and will get back on the sound path to financial freedom. +I tried to give this chain the benefit of the doubt multiple times yet it always seems to fail my expectations. + +Either it’s down cause its out of RAM, got attacked by a DDOS or now it got hacked. +There’s always something wrong with this chain. + +Honestly I feel like it’s one of the most overhyped projects on the market especially with other chains like Polygon being MUCH more consistent, cheaper and faster. +At least when Polygon gets DDOSed it doesn’t come to a complete stop like Solana. In fact even with the attack, Polygon still had one of the cheapest fees on the market. + +I honestly don’t know why anyone would keep supporting and hyping this chain anymore… +I'm paper trading and I was thinking about strangles and straddle, what could go wrong in these cases? + +&#x200B; + +Let's make same example ... to understand + +0dte straddle, buying call and put same strike price, let's say near a big event.. how can I lose? + + hypothetically the price went up 15 points, on the put I just lose the premium and profit on call.. right? + + +instead with strangles, buying call and put with 10 points from itm, I basically lose if stock price go sideway or theta kill those options.. (im asking) + +what exp date are better for both strategies? + +thank you guys! +A few years ago I bought my first car for around 7.5k, I put a 4k deposit down and have been making payments of around £70 a month. + +A lot of people I speak to spend upwards of £200 a month towards their monthly payments, is this an average amount to spend? + +I’m currently weighing up what my options are because my car is now at a point where it’s 7 years old and has now done over 50k miles, so I assume the value will only depreciate from here! +Hey guys, I'm just wondering if you would think that by projecting success (whether real or "faking it till you make it"), clients/customers/employers would assume that you must be very good at what you do and hire you/pay you more, or pass your name along more often, causing a situation where you actually do gain an advantage from it? + + +Examples might be: +1. A Real Estate Agent working in a "Premium" market driving a Ferrari rather than a 2nd hand 2015 Mazda CX5 (A Great "normal" car)? + + +2. Buying a Rolex, even though you can't read analogue time and it doesn't even track fitness? :) + + +3. A Designer buying a $6000 Macbook Pro when the base model is more than he'd ever need? + + +4. Updating to the newest iPhone, even though you're happy with your iPhone 7, just because people will be "impressed" and it will be a conversation starter? + + +5. Going to Clubs with the beautiful people and buying top shelf drinks for yourself and select others and getting known around town - even though you would rather be drinking VB in a dive bar? (This is NOT me. But curious... is it "networking" and is it a deduction if it's genuinely a tactic to build an image that could generate revenue?) + + +5. Or even something like repairing little dents and scratches on your car so it looks "good" in front of clients? + + +I'm not really suggesting getting a Ferarri, but I do wonder if decisions like that are less about "I want a Ferrari and I can afford it", to "If I get a Ferrari, I'll impress my target audience and make way more money over the next 5 years than if I buy a BMW." + + +And would the ATO ever question why a Photographer earning $75K a year had a Ferarri listed as a deduction? + + +And what would they say if my response was: "So I can marry a Supermodel and attend parties with clients who want to work with me more because I'm cool and successful, which will actually lead to higher end work with more money from bigger clients?" - (Extreme example, but... :) ) +Can anyone confirm the numbers from the recent AFR article about big 4 consulting **(not audit)** pay? Are these numbers close to what they actually pay for each grade? + +I know that the 'typical experience' listed is a few years higher than what it takes to move up if you started as a graduate, which I imagine is being skewed by lateral hires (e.g. senior consultant is generally 1.5-2 years after starting as a graduate, manager is generally 2-3 years after that (so 4-5 years total) + +&#x200B; + +([https://www.afr.com/companies/professional-services/financial-review-consulting-salary-guide-20210601-p57x5w](https://www.afr.com/companies/professional-services/financial-review-consulting-salary-guide-20210601-p57x5w)) + +https://preview.redd.it/a9a9wkgrnc971.png?width=914&format=png&auto=webp&s=2d54c2b8b81ed005ce86ed9fe485f49afde7f934 +It’s been a hard 10 years, my wife and I had a bankruptcy 10 years ago and promptly racked up 60k of medical, credit card, and personal loan debts. + +In 2019 we said no more and heard about Dave Ramsey. We got a book at goodwill and started with the plan. He’s kind of an asshole politics wise and bilks poor people out of money using the church to recruit but the plan gives focus and you can do it without paying that ass any money. + +Step 1: + +-save 1k for emergencies, this can be hard but we had a huge sale, we sold everything we could and got 2k saved in an account. + +-every dollar of income needs to be budgeted and we used the envelope system, basically you pay cash for everything and put an envelope with money in it for gas or groceries, we put away the debt cards. + +-reduced monthly bills, we cut our cable to just internet, antenna TV and Netflix that was it. Sold our expensive phones and got cheap phones paid outright. + +-income, my wife worked her way up at a new job since 2019 and we have worked as much as we could, both people need full time work, it’s the only way to get out of poverty and attack debt. + +Step 2: + +-cut up all the credit cards and pay off the smallest first while just making minimum payments on everything else. I know it would make sense to pay off the highest interest debt first but the psychological effect of knocking off the little ones really helps. Our smallest was medical bills in collections. Then use the payment you would have been paying towards the next debt and the next one, effectively a debt snowball. + +After almost 4 years we went from 45k a year income to 110k. + +Paid off 12k auto loan +Paid off 30k in credit cards +Paid off 10k in medical debt +Paid off 29k in student loans ( minus 20k from Mr Biden) + +It’s been 3 months debt free and we are completely paid all our monthly bills with 2 paychecks, and already paid Octobers mortgage payment. + +Step 3 is get a 6 month emergency fund, about 15k. + +We still budget as if we had no money so it’s a crazy feeling we both had yesterday when she tells me with just my paycheck we are completely paid up on all bills for September and will have our 6 month emergency fund ready to go by the end of October. + +I guess we are officially out of poverty. Step 4 5 and 6 is to restart 401k and pay off house, I’m 42 and have 0 in my 401k and 169k mortgage. I was so depressed not having any retirement at my age but now I’m hopeful. + +Head down, keep moving. +My partner and I are mainly living away from home for work reasons. It means we occasionally visit the home we own to visit (perhaps once every couple of months). + +We have a TV mounted on the wall in the property. Can we decide that we will not use the TV for anything other than Netflix and legitimately not pay the TV licence? Would it be better to say the property is unoccupied (which it is to an extent) or that we don't need it? According to the website, if we say we don't need it they may try and come for a visit but chances are there won't be anyone there. +So you had a bad day. Maybe your portfolio took a hit or something happened at work. Here's how to deal with it, without being a dick to your loved ones. + +For starters, acknowledge that you're probably going to be touchy, things might set you off. So you're going to need to destress. + +Go home, eat a snack, kiss your wife or hug your kids. Now go and do something nice for them. Take out the trash, empty the dish washer, do some chore that you've been putting off. It'll help. I don't know why it helps, but it does. + +I think out ape brains can't really weight things objectively so getting a small win offsets a greater loss. + +Now, do something for you or just relax. It is what it is. If your partner wants to talk about it, talk with them. But you don't have to fix it today. All you have to do is not be a dick to the ones that love you. +I am 34 and have been contributing the max (now $6000) to my IRA for several years. Like everyone else, I am very disappointed about everything I have lost this year in that account. Given the way things are going, does it make sense to contribute the max amount for 2022 by the deadline? $6000 is a lot for me, and I don't want to just increase the contribution to lose more money next year. Would it be a good idea not to max out the IRA contribution this year and hold on to some of that $6000 instead? TIA! +TADR: I’m asking if, based on the prospectus, we register the float is GameStop free to push the button on their plans to issue “individual securities”? MOASS still happens and the DTC/agents/brokers still have to cover non-DRS shares. + +I’m posting to help generate discussion because I think there is something to discover here, but I’m too smooth brain to figure it out… + +What happens when we register the float and become holders of record for the entire float? What happens to the GME ticker on the NYSE? + +From GameStop’s own prospectus p. 15-16, link below, they detail the option to exchange “global securities” for “individual securities” at such time as a depository (the DTC) is “unwilling, unable, or ineligible” to continue as depository. Sounds like registering the float falls under unable and ineligible. GameStop says the will issue the exchange within 90 days of this becoming the case, unless they find another depository. + +So, say it happens, we get “individual securities” whatever they may be. Where are these traded? Assuming NFTs I know the answer, but still, I’m just thinking out loud. + +GameStop also says here they are not responsible for any payments to holders of “global securities,” be they real or shorted. It’s all on the depository. So what happens to the naked shorts left under the DTC? + +To me it sounds like that is ballgame. We register the float, GameStop issues us new securities within 90 days (hopefully NFT), then whatever the DTC is left with is completely on them, GameStop and all holders of the new individual securities are now out of the picture so to speak. + +This also means that the current price on the NYSE literally doesn’t matter, because we are leaving the NYSE. + +I’m sure there are other questions I’m not even thinking about… + +https://news.gamestop.com/node/18961/html + +Edit: Getting a lot of comments about this being FUD. Go read the prospectus, it is in the prospectus. This is literally not FUD and I’m asking questions because I want to know the answers. How is asking questions about the prospectus FUD? + +Edit2: what the prospectus says happens to the global securities (non-registered) shares: “We expect that the depository for a series of securities offered by means of this prospectus or its nominee, upon receipt of any payment of principal, premium, interest, dividend or other amount in respect of a permanent global security representing any of such securities, will immediately credit its participants’ accounts with payments in amounts proportionate to their respective beneficial interests in the principal amount of such global security for such securities as shown on the records of such depository or its nominee. We also expect that payments by participants to owners of beneficial interests in such global security held through such participants will be governed by standing instructions and customary practices, as is the case with securities held for the account of customers in bearer form or registered in “street name.” Such payments will be the responsibility of such participants.” + +Edit3: [DRS is a DTC stock withdrawal confirmed! DRS takes shares out of the depository.](https://imgur.com/a/UlU7aqP) +Hey fellow investors, was wondering if you could share some of your numbers on this topic! + +How many units do you have and how much do you make off of laundry each month (after expenses if you know)? +Also, do you rent the machines or own outright? What have been the pros and cons for each option for your situation? +I have a 1 BR luxury condo, will be paid off in 7 years. Considering selling. + +A long-winded breakdown of some factors I've considered... + +Some reasons to keep: + +1. Mortgage will be paid off in 7 years. +2. Pretty easy to manage - it's a small unit with an on-site manager. +3. Rent is enough to cover expenses (for the most part). +4. Property value has appreciated 33% over the last 10 years. Not sure how good that is compared to comparable properties, but I know it's a good area and my property will sell quickly if I wanted to sell. +5. I have 2 assigned underground parking spots, a somewhat rare commodity in this area. + +Some reasons to sell: + +1. I can't keep a tenant longer than a year or 2. I've had 4 tenants over the years. All good tenants, except all have been young couples who eventually relocated or wanted a house. +2. Condo HOA is high: Maybe 3-5% annual increase, which isn't bad, but I pay these monthly, which is about 30% of the rental income. HOA is high because it's a nicely maintained and pretty private/small condo complex. +3. Can be hard to find renters: I've never had any large gaps between tenants, but people are definitely not fighting for my rental. I usually have only one applicant every time it's available. There are cheaper 1-BR alternative rentals in the area (albeit a bit smaller and managed by apartment management companies). My unit charges higher rent/sqft, but it is kinda unique since it's a comparatively larger 1-BR. I need to find that perfect tenant who will stay there forever! +4. About an hour drive away. Not a big deal but it could be a hassle if I needed to take care of things. Over the years I haven't had to go there besides meeting new tenants and minor maintenance. I don't feel the need to hire property management at this time. + +I don't like finding new tenants every year or 2, but I also enjoy the fact that I only have 7 more years before it's paid off. In terms of generating profit, it can be great in the long run but I have to consider the costs (expensive HOA, maintenance costs as the unit ages). + +Any advice? Insight? +Seems BJs is open to being bought out and [Amazon has shown interest](http://fortune.com/2017/04/17/amazon-bjs-wholesale-club/). It's funny how Amazon is expanding to brick and mortar while regular retailers are closing due to online competition. +My ability to pick stocks that drop 5% or more within a week of me opening a bullish position is nothing short of prophetic. While I am incapable of making a a profit on my options plays, I can assist this community by announcing my next money losing decision for everyone's benefit. Stay tuned in the near future for some "can't lose" option plays at my expense. + +My wife and I need a 2nd car. We already own a nice 2018 Honda CRV with less than 30K miles, but when one of us takes it on long overnight trips, the other needs a car to take to the grocery store (3 miles away), gym (5 miles away), or god forbid hospital (11 miles away). + +I can’t imagine it would be driven more than 1-2K miles/year. + +She wants a Jeep wrangler, mainly the top down enjoyment, since we live up in a rural mountain town and love hiking, mountain biking, etc in the warm months. + +The cheapest is $4K on Facebook marketplace (1999 w/141K miles), the cheapest used one on Carvana is $26K for a 2011 with 39K miles. My bank won’t finance either of these options as the car can’t be more than 10 years old to get the 3.59% rate, so I’d have to pay cash for the junker or get a 7% rate from Carvana on the 2011. + +The cheapest option my bank will finance seems to be a 2017 with 90K miles for $33K. + +We can technically “afford” a lot more, but I can’t bring myself to spend anymore than $35K on something we’re rarely going to drive. + +Any tips? Should I be optimizing for low price? Low miles? Low age? +My fear with the marketplace option is that I’d just be sinking a ton more into maintenance than the $4K I paid to get it + +EDIT: thanks so much for the advice! I should definitely clarify some things… +1) a bike is not a year round option, because we live in a steep north east mountain town with snow possible 4-5 months out of the year. +2) uber / taxis are not available in our town +3) part of the wrangler purchase is definitely the “toy” aspect and not all function. I’m aware it has terrible gas mileage and are poorly made. +4) it’s not just the practical need to get to grocery store (so buy a bigger fridge) or go to the gym (so work out at home), it’s more just the feeling of being stuck at home (where we both work all day) and not being able to get out if the other person has the car. We also have a dog and no sidewalks in our town, so we actually need to drive our dog to an area nearby that’s safe to walk her. +5) yes I’ve rented a car for those day trips before, but it still requires my wife to drive me 35 min each way to the rental spot. I’ve also taken the bus, but it requires her to drive me 30 min each way to the bus or 50 min each way to the train. And twice a month with a rental car can be $250-500/mo and add up quickly. + +So if we WANT a Wrangler, what are my best options? +I have been earning 15.50 per hour as a marketing assistant. I set goals with my boss to graduate college, revamp our company website, increase my marketing knowledge and get at least 5 news releases published about our company in 6 months. I did it with time to spare, and I was able to manage a raise to $25 per hour with benefits and full time work. (I am currently part time). I feel so great! +If you want a raise and don’t know how to approach it, set goals with your manager. Depending on how reasonable the goals are, that will help you determine if continuing to work there is worth your time. +For context, i finally got my own bank account, so i just entered the stock market. I’ve been reading ALOT about it since i was 16 and now I’m entering it, how much and what ETF is recommended to achieve that amount yearly? I’m not in the US, this amount is enough to live a very comfortable life in my home country once i return. + +My current portfolio is only VOO, VTI, and GSG and other individual stocks. +Buckle in. + +Investing isn't easy, and yet people are--and always will--try to act like it is. Just like every other period in stock market history, retail 'investors' are being lazy and emotional and valuing businesses based off the direction their prices are heading rather than long term fundamentals. Volatility is the price you pay for performance. Thinking it's time to sell tech and buy Kellogg, with corporate profits RISING, will get you into deep trouble. + +No, being a good investor has absolutely nothing to do with being 'contrarian'. It just so happens that retail is too lazy and emotional to notice that prices tend to head fake away from where people should be buying at any given timeframe. Sometimes these head fakes point to different asset classes, other times to different assets within any given class. + +Right now, it's both. + +People think tech is in 2001 territory strictly because of price action, when we are in literally the opposite place outside a handful of overvalued and overhyped names; and people think bond yields are becoming attractive, when bonds are in the worst bear market in years (though this could change at any time considering the overreaction we've seen in Fed rate predictions). **This is precisely when you should be buying reasonably priced tech with strong cash flows, pricing power, quality earnings growth, barriers to entry (either a difficult industry to break into or an outright moat, which is very rare and hard to predict but** ***Facebook has one*****), network effects, and demand inelasticity.** Your stocks don't have to have all of these elements, but the more, the merrier. + +**\*\*\*** + +**Here's some oversimplified but VERY true deductive reasoning that 99% of 'investors' fail to heed:** + +\-Companies with higher earnings growth deserve higher valuations +\-Companies with better pricing power deserve higher valuations +\-Companies with higher quality earnings growth deserve higher valuations +\-Netflix and Facebook are still growth companies, their earnings quality is only improving, and they have IMMENSE pricing power that they've only begun to tap into +\-Proctor & Gamble has a 40% higher relative valuation than Netflix +\-CAMPBELL'S SOUP has a higher valuation than Facebook +\-So-called 'investors' firmly believe that staples are the place to be right now, because 'interest rates' and 'inflation'. + +**Okay...** + +\-Corporate profits drive stock prices--literally in lock step--over the long run +\-Inflation is good for corporate profits +\-Inflation requires higher interest rates +\-Higher interest rates are a headwind for stocks +\-Higher interest rates ARE A LITERAL CATASTROPHE FOR BONDS +\-Holding cash *is basically taking a financial gun and pointing it at your face and pulling the trigger* +\-The answer is to own quality assets, which are companies with strong cash flows, moats, network effects, etc. + +**Millions of retail investors are absolutely convinced that tech is overvalued--but it's not because of poor fundamentals. Honestly, it's not even because of inflation, interested rates, or Ukraine. It's simply because prices are going down.** Do yourself a favor. Look at sentiment from one year ago today. Facebook to $600 was a done deal. Netflix was overpriced, and I wouldn't have bought it at near $700, but if anyone thought we would be below $230, we'd be minting new billionaires by the second because of their OTM puts. Amazon is more underpriced than I've maybe ever seen based off what we can easily see (the market has never understood Amazon, and AWS ALONE is clearly a multitrillion dollar valuation by 2030). + +**FACTS:** + +\-**Amazon** PE is lowest ever while its future core businesses--AWS and ads (they are doing more ad revenue than YOUTUBE now, and AWS brings in more profit than any business line now, so if you think Amazon is a retail business you should be buying index funds...)--are growing at 40% or more. +\-**Facebook** PE is lowest ever--last time this happened was three years ago, their stock price crashed to $131, and with this incredible overreaction they're STILL up 54% since then. +\-And now to my favorite part: **Netflix** is at its lowest valuation since the 2000s and perhaps ever--who cares before then, it wasn't Netflix, it was a frickin' mail-order DVD company. Its PEG is .84. Its earnings have plateaued on SEVERAL occasions only to leap, over and over again. Just like Facebook, they were bound to hit a plateau for their core use base at some point. But if you think that means they're done growing out earnings--not to mention expanding other business lines, like Amazon did with AWS and ads, and Microsoft did with Azure--you need to ask yourself whether you have enough knowledge and experience here. + +In a way, investing really isn't that hard. **You just have to actually buy businesses and not obsess over the value of your portfolio every day**. If you do that, you're smart enough to see that tech could fall another 30% right now--and it would only present an even better buying opportunity with even more upside. As Buffett said after 2008, he might've been early, but he still got rich. And trust me, buying now might be early, but it will be INSANELY lucrative. + +SO SO SO many companies are just dirt cheap. People think DropBox is a shitty cloud business, when its top line is growing double digits and they're priced like Campbell's f'kn Soup. People think GoPro is a shitty camera business when it has begun adding software with INCREDIBLE margins and is growing rapidly again. Upstart is literally the only company in the market with the triple crown--triple digit growth, massively profitable, and BUYING BACK STOCK--yet its price was cut by 80%. There are just so many tech companies getting caught up in this indiscriminate selling, as if they're DoorDash or Rivian or Nikola or Snowflake, or any of the incredibly overpriced businesses, good or bad, that deserved to be cut in half. + +People calling this tech bubble 2.0 are either too young to understand what the tech bubble was, or too stupid to understand what it was. This is the literal opposite of the tech bubble. We have companies with tens of billions in FCF being repriced as if they're going out of business. Earnings are GROWING. We are in a BOOM cycle--IN TECH. You are being fooled--AGAIN. During the tech bubble, it's not that companies weren't making money...**THEY WEREN'T EVEN BRINGING IN REVENUE. DO YOU UNDERSTAND THE DIFFERENCE?** Not even the most overvalued companies today (aside from Rivian and Nikola) can attest to such an atrocity. + +I pity the people who need to see instant green in their portfolios, and I hope to see your sea of !Remind Me! posts for five to ten years from now. **For those of you who take anything away from this post, here's putting my money where my mouth is:** + +Here's my portfolio weighted by notional impact--i.e. ITM calls carry more leverage despite moving the same amount as 100 shares of a stock, or ATM short puts I've written to buy at a lower cost basis or just hold the premium. (**I plan on opening a Netflix position at some point soon.**) + +**$UPST:** **16.9%** (Pretty much the perfect stock: AI lending company that's barely unaffected by rates and loan origination volume; already profitable by a mile; reinvesting capital into massive TAMs; and already has permission from the board to buy back stock. Hope you don't judge a stock by its PE because that's how you miss pretty much every single winner, from Amazon to Salesforce to Netflix.) +**$CIM:** **7.7%** (Retracing like a tech stock right now with fortress balance sheet and 12% dividend yield--and climbing. Chimera did even better following the pandemic after cutting its dividend yield, which made for the perfect time to buy.) +**$OSTK:** **7.54%** (Retail furniture business that's stealing market share from Wayfair and growing rapidly yet with a stock price selling as if it's going out of business--oh yeah, and they've got Medici Ventures, which is priced at zero.) +**$Z: 6.56%** (Vertically integrated media business of which people seem to have zero understanding. It's literally in the best shape it's ever been: shed of its worst business segment and raising capital from home inventory; growing at over 20%; and selling at a 75%+ discount...yet people hate it infinitely more than when it was up near $200...LOL) +**$AMZN: 5.97%** (Enough said above. This is a multitrillion dollar business that checks every box listed above selling at less than half its true value.) +**$APPS:** **5.25%** (Growing triple digits, profitable, and with insane barriers to entry--not quite Upstart, but this is a 5x play.) +**$URI:** **5.12%** (Picks and shovels play for infrastructure boom ahead. Someone will pass a version of build back better, and this company is a gem even without government subsidy. Also, United Rentals helps balance out my insanely tech-weighted portfolio just a tad bit, though that's not at all why I bought it--because I could care less how much money I lose in the short term to maximize long term gains.) +**$FB:** **5.2%** (The greatest network company of all time--a company whose business model will never be repeated--is trading at a multiple 7% lower than the Campbell f'kin Soup Company. Enough said.) +**$CLSK:** **4.71%** (One of the fastest growing companies in the world; already profitable; ESG sustainable Bitcoin miner; QUADRUPLE DIGIT GROWTH on the top line; trading at a SINGLE DIGIT forward PE--crashing as if both they and Bitcoin are going to zero.) +**$STNE:** **4.37%** (A big boo-boo in their long book and concerns about the Brazilian economy are apparently enough to crash the stock over 90%. Like several other stocks on this list, earnings give a HUGE temporary boost because of how incredibly strong they are, only to watch the gains wither away because of indiscriminate selling in the tech space.) +**$AMAT: 3.14%** (Picks and shovels play for the semiconductor bull market that will last for decades to come. Probably the only company on this list that I'd call fairly valued, but it's such a great company it's worth every penny.) +**$PLTR: 3.09%** (It's apparently fun to hate Palantir because it was a meme stock. But if you can do math, 30% compound interest for 10 years does not a meme stock make. Probably the only stock on this list that I might even call *over*priced, but I also think it's worth every penny with a smaller position.) +**$AMD: 2.97%** (Trading as if China is going to invade, tear down TSM, collapse the market for chips, and send interest rates to 50%. Beyond idiotically cheap.) +**$MU: 2.85%** (Micron's pricing power is unmatched in this industry. Very few companies do what they do and none do it as well--and they're trading for pennies on the dollar.) +**$DBX: 2.66%** (Apparently it's cool to hate Drew Houston? I don't know, but in addition to what was mentioned above, this company is set to buy back half it's MFing float. Like, are you kidding me?) +**$NVDA: 2.61%** (Only reason I don't have a bigger allocation is because NVIDIA puts my total semi allocation at around 9%. I also owned Intel for a hot second before I rolled it into other plays. Think The whole space is going to continue to skyrocket, but no one has the creativity or talent that NVIDIA does.) +**$BNTX: 2.6%** (The market thinks that this company stumbled upon vaccines, that covid is ending tomorrow, and that they have no other pipeline. The reality is that BioNTech is set to sell billions more in vaccines for a long time coming, and all of this is an incredibly massive tailwind to their rare diseases pipeline.) +**$WBD: 2.22%** (It's always funny when some jackoff at BoA comes out with a report about how the merger between Discovery and Warner Brothers will create synergies that make this a $45 stock--6 months after the deal is announced. The stock rocketed above $30, then was indiscriminately sold off back to where it started--for no reason. The market is so efficient.) +**$GPRO: 2.2%** (As mentioned above, this has become a software company with total control over its market and prices. 96% of action cameras in America are GoPros. The recurring revenue on that software makes this at least a $30 stock. But nobody wants to own it because RemEmBEr tHat TiME WheN iT SolD OfF?) +**$NOK: 2.1%** (5G is them and some other guy. Enough said.) +**$CRM: 1.81%** (This company does not stop growing. One of the best companies in the world and there is no end in sight. Personally think the Slack purchase is being totally swept under the rug. It's just that time of the cycle when you're supposed to doubt Benioff.) +**$NLST: 1.33%** (Very unknown memory company with massive lawsuits against a bevy of huge companies and great prospects outside those lawsuits. They settled the lawsuit with SK Hynix and still have pending cases for patent infringement against the likes of Samsung, Micron, and Google--all of which are entirely legitimate.) +**$AMRS: 0.8%** (A deep future play for molecules-as-a-function. This one is very nuanced and I'm getting tired of writing. You'd have to look into this one yourself to truly understand the importance of synthetic, sustainable molecules used in the place of limited and/or endangered organics at far cheaper prices across the cost spectrum.) +**$SFT: 0.29%** (Kind of a random little lottery bet on a company with a market cap lower than its fourth quarter revenue alone. But with no path to profitability in sight, that's all it is: a lottery ticket with a VERY small amount of AUM allocated.) + +*It's not possible to create a perfect weighting with options in your portfolio, especially short puts, but I've done the best I can. For example, notionally, I could be tied to even more* ***Upstart*** *than I've represented here. But Upstart would have to be ITM across three separate strikes (70, 80, and 100) by January 2023, which nobody can predict. (What I can say is that anything under $100 is DIRT cheap for Upstart, so I'm more than happy to own it at about $51, $55, and $66, which would be the breakeven prices at each strike, respectively, when including the outrageous premium I was paid for writing these puts.) I split the notional values of being assigned each put in half to represent the fact that Upstart is currently ITM for my 100 puts, ATM for the 80, and OTM for 70. Arbitrary, but so is anything in this case, even if you'd use Black Scholes somehow.* +https://www.bloomberg.com/news/articles/2019-06-26/faa-finds-new-risk-on-737-max-and-orders-boeing-to-make-changes + +There was a [recent discussion](https://www.reddit.com/r/investing/comments/c3x8st/with_cover_ups_trashed_brand_grounded_aircraft/) on why Boeing isn't lower so maybe this will do it? It still has its moat but there has to be some comeuppance for all those deaths +This crypto project keeps on giving and has now donated over $138,000 USD to Binance Charities within the first week of launch! + +Press releases and media coverage is expected in the days to come. + +The smart contract automatically sends 2% of every transaction directly to Binance Charities wallet and is on pace to deliver $250,000+ USD within the first week of launch. + +The community and dev team are awesome and it looks like this unique charitable feature will likely generate media attention. + +All of this is publicly verifiable on the blockchain at the Binance Charity address. [https://bscscan.com/address/0x8b99f3660622e21f2910ecca7fbe51d654a1517d#internaltx](https://bscscan.com/address/0x8b99f3660622e21f2910ecca7fbe51d654a1517d#internaltx) + +The current use case is simple but the impact is HUGE! + +**\*\*UPDATE\*\* $76,000 USD WAS OFFICIALLY SENT TO BINANCE CHARITIES IN THE FIRST 24 HOURS OF LAUNCH AT A MODEST AVERAGE MARKETCAP OF $1.5 MILLION\*\*** + +The next goal is to donate $1 million in the first week! + +**PRESALE COMPLETED ON DXSALE** ✅ Sold out in 30 minutes + +Presale: 50 BNB/250 BNB cap + +0.05 BNB/2 BNB min/max + +80% to liquidity (rest is for early marketing and first donation to charity) + +1 BNB = 1 M tokens + +Presale price = listing price + +————————————— + +**TOKENOMICS** + +Total supply: 500 000 000 RX + +Marketing: 25 000 000 RX (locked for 10 days and dripping 1/10th per day) + +Team: 25 000 000 RX (locked 6 months) + +Presale: 250 000 000 RX | Listing: 200 000 000 RX + +6% transaction fee will be split into: + +2% burn fee || 2% redistribution fee || 2 % donation fee + +—————————————Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8891de345808e77228677f0efb56125db1e93a49](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8891de345808e77228677f0efb56125db1e93a49) + +Poocoin Charts: [https://poocoin.app/tokens/0x8891DE345808E77228677F0EFB56125DB1E93A49](https://poocoin.app/tokens/0x8891DE345808E77228677F0EFB56125DB1E93A49) + +Twitter: [https://twitter.com/ravenxfin](https://twitter.com/ravenxfin) + +Website: [www.ravenx.finance](https://www.ravenx.finance/) + +Telegram: [https://t.me/RavenXfin](https://t.me/RavenXfin) + +Hope you guys join us with the revolution of donations! +PUBLIC SERVICE ANNOUNCEMENT +If anyone in this discord is for some reason still holding onto HERTZ stocks please please please sell your position. The company had already declared bankruptcy and has already gotten delist notice from NASDAQ back in the end of May. They were just allowed to sell a billion dollar worth of stocks which every stock expert is calling the most wildly exploitative thing in recent memory. Please get out before you’re wiped out, there is no reality in which you get paid. +When it comes to personal finance, we all love to talk about investing, saving and paying off debt, but sometimes a big area that I think we do not pay sufficient attention to is how to maintain our jobs and get promoted. Because most of us here rely on our jobs to pay off mortgages and other living expenses, I was wondering if whether any of you more experienced folks would have any advice in this regard. + +Some things I have learnt throughout the past several years of my working experience include the following (**although this is only relevant to my situation and may not be applicable generally to everyone**): + +**Tip 1: Sometimes, it is not worth it trying to be a superstar performer** + +Drastically exceeding performance targets at work simply establishes higher expectations and therefore higher standards, and failure to adhere to those standards and expectations can be detrimental. Rather, sometimes it is better to perform at an average or above-average level, depending on which one you are more comfortable with. + +**Tip 2: Do not speak ill of colleagues** + +Colleagues are not your friend. If you go and bitch about someone behind their back, even to colleagues or ex-colleagues that you trust, there is a significant or realistic possibility that word will find its way back to the subject. Even minor things or grievances should not be mentioned as things can be misinterpreted or blow out of proportion. The risk is simply not worth it and you will quickly become encased in drama or politics, diminishing chances of promotion or growth within the company. Remember that humans love drama and chit chat spreads like wildfire. Avoid this like the plague. Say less, not more. Be reserved. Be measured. Sensible. Filter your thought processes and pay attention to every word that is said and more importantly how it could be interpreted, rightly or wrongly. If in doubt, say nothing. Awkward silence is better than drama or politics. + +**Tip 3: Realise that your job is not your friend** + +One day you will be loved by your colleagues and your organisation, but the moment their priorities change, the business goes under or a restructure happens, all of that love and affection goes out the window. The truth is if you resigned tomorrow, a new job opening would arise and you will be forgotten in a few weeks. Yes, get along with your colleagues and feel good about work, but recognise that they are not family and they will not go above and beyond for you. At the end of the day, it's business. Any display of loyalty by the company will often (in my experience) have an ulterior motive (eg the business needs you; hiring someone else to replace you is not easy; the work cannot be outsourced etc). As depressing as it sounds, you are just a number on the payroll system, a cog in a bigger machine that will f unction without you, no matter how important you are. No company can operate if its employees are indispensible. + +**Again, all of this advice is personal to me and I am not saying it is true in all cases**. To play devil's advocate, someone who has worked at a small family company for many years would likely say that your job is your family, that you should exceed expectations and that you should be honest in expressing your feelings about other colleagues. And this would 100% be valid based on their own experiences. + +Even though I work in tech, most of this advice may not be relevant to people working in tech. I think each of us brings unique experiences and lessons and I'd love to hear yours. +We've been having a lot of power surges lately due to weather but we come home one night and find our AC unit not working. Later on my wife finds out a drunk driver hit a power pole (transformer? idk) which caused this particular surge and it ended up frying a component ($750) in our AC unit. Talking to our neighbors, it seems it fried the same component in everyone's AC unit. We live in a new development so there's only 10 of us on the street right now, we moved in less than 3 months ago so we're not to thrilled about this. + +We already contacted our home owners insurance and they'd cover it for a $1000 deductible, so it wouldn't make sense to do that. AC unit warranty specifically says environmental causes aren't claimable. + +I asked for an accident report from the highway patrol and plan on going after the driver's insurance but i'm not sure how that will pan out. Kind of at a loss on what to do now, am I just out $750? + +Edit: Thanks for the support so far everyone. +To clarify a few things: + +1. This happened two weeks ago. We already replaced the component in our unit as it was 90 degrees that day. + +2. My real concern with going after the driver's insurance is there's no way to prove the outage he caused created the surge which fried the component. As another redditor suggested, it'd be more to hire an electrician to come out and assess the situation to prove that's what happened than for what it's worth. + +3. I've had a few people in law enforcement reach out and offer to get the report for me without having to wait for the DMV, so thank you to those people. + +4. My other issue is that since this happened to everyone on our street within 3 months of moving in, shouldn't the units have a surge protector anyways? They're ground 220v units. It sounds like the builder screwed up somewhere + +My next steps are: + +1. To file a claim against his insurance (longshot but can't hurt) + +2. File a claim with the utility company (also a longshot but why not) + +3. Contact the insurance company again and see if it they would go after the driver if I pay the deductible. + +4. Contact the DA and press charges on the driver + +5. File a warranty claim with the AC unit company anyways + +Update: https://old.reddit.com/r/personalfinance/comments/8y2etg/update_drunk_driver_hit_a_power_pole_outside_our/ +FDA approval: https://www.google.com/amp/s/amp.cnn.com/cnn/2020/08/23/health/covid-19-convalescent-plasma-eua-white-house/index.html + + +DOD Awards $750,000 to Plasma Technologies, LLC for Manufacturing of Convalescent Plasma Products Using a Novel Process in Support of the U.S. COVID-19 Response + +Source: https://www.defense.gov/Newsroom/Releases/Release/Article/2314525/dod-awards-750000-to-plasma-technologies-llc-for-manufacturing-of-convalescent/ + +Does anybody know if they have a parent company listed on the market? It appears they may be the primary manufacturer for the product + +Edit: Some of the companies involved with the development are +*ADMA Biologics +*CSL Limited +*Takeda Pharmaceuticals + +Source: https://www.businessinsider.com/covid-19-plasma-treatment-takeda-alliance-development-timeline-2020-6 + +Edit: ADMA UP 75% during after hours +What makes Premium Bonds attractive? + +It feels like lottery blended with Current Account (with 1% interest?) but I am not sure whether my limited understanding is correct. At what point (financially) does it become an attractive option, if any? +So I am very high on cash due to RSU sells recently - Since then, I also heard a lot of advices that I should not be afraid of market all-time-high and should stay in. And today I read a report saying lump-sum investment beat dollar-average. + +Ok so I though it's clear. I should just put those cash into index funds. + +But then, I saw this chart: [https://www.multpl.com/shiller-pe](https://www.multpl.com/shiller-pe) + +And I am not sure any more. It looks like the market is heading to something unprecedented. Should I wait? Should I get in now? Thoughts? + +BTW I am relatively young so yes long time horizon and all that. I think I can probably also just TLH if i got hit by a major crash. But still, I am a bit worried after seeing that chart. And recovering from all-in position this time could be who knows how long, maybe a decade. +I got a pitch for a fund the other day that talked about how much the income from dividend payments can positively impact returns on a fund heavily invested in dividend-paying stocks. + +I had two responses to that: +- Dividend ex-dates are known binary events so EMH says that the dividend (and future dividends) are already priced into the stock. +- The stock price drops by the amount of the dividend payment after the ex-date, so paying a dividend does not actually change the value of a portfolio except for turning some of the equity into cash. + +When I asked these the adviser went on about how dividends were signals of financial strength (ok, sure, but is it still the 1930's when there were no other signals to look at?) so I dropped it and left. + +But it kept bugging me, so what do you all think? What's the big deal with dividends? + +In my time, I've found that in the private sector, everything is so... secretive and not transparent. + +When you apply in private sector, firstly a recruiter gives you a call and you have a general 15 min non-technical discussion just about yourself and the basics of the role advertised. No talks about salary/remuneration, about the details of the job, etc. Then if successful, you are scheduled an interview with a technical manager (who's probably going to be your manager), usually one other professional in that team, and maybe a HR officer again. After that interview, you'll know more about the job but still no talks about salary and packages and benefits. Then if they really like you, you'll be sent an offer with all of the details FINALLY. + +Sometimes in private sector, there are also recruiters that advertise jobs where they can't even reveal the company that they are hiring for, just which industry the job is in. I find that quite ridiculous. Then the same process follows as above, this time with an external hiring manager in play too. + +In the public sector (from what I've seen from others), there's simply a gazette of job advertisements. They all clearly have the level, the pay, the exact descriptions, and it seems like a very streamlined process. Much easier to be honest. I kind of wish the private sector had something like this, but I guess the nature of private causes it to be more of a random process. + +I still find that you can earn much much more in the private sector though, and jump in salary fairly quick, as opposed to the public sector where there are very clear hierarchies everywhere. Not that private sector doesn't have hierarchy, but it's a bit more flexible/non-rigid. + +Anyway, what are your thoughts on this? Do you know why the private sector is like this? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>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! + +🏴‍☠️ [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've seen a ton of sentiment around here that we're not anywhere close to the bottom yet. That maximum damage is still yet to come. Nobody on this sub or anywhere else for that matter actually knows where the price will go. If it's so obvious that bitcoin is going below 10k, why aren't you shorting it right now? Why haven't you sold everything you have? Why aren't the people who are far more knowledgeable, experienced and invested than you dumping since it's so obvious that BTC is going to 10k? Seems like an easy way to profit, since it's so certain, right? + +It's not. We could have already hit bottom. Truth is, nobody knows. Even if we aren't at the bottom yet, here's the fate of 99% of investors on this sub: + +\> BTC drops further. "This isn't maximum damage yet." + +\> BTC drops further. You don't buy because you're too afraid that if you do, it will dip more. You're afraid that it's not the bottom yet. + +\> BTC drops to staggering lows, everyone is panicking, articles doomsaying the end of crypto are published, the suicide hotline is pinned. Looks damn close to the bottom. + +\> You don't buy, because now you're afraid this is the end of crypto as we know it. The rug has been pulled, everything is going to zero. + +\> Crypto rallies and begins surging in price. It multiples in value several times before you can react. "It's just a dead cat bounce" you think, or some other stupid shit like that. So you continue to be afraid, and you don't buy. + +\> Crypto is up 5-10x from the bottom and you FOMO in on the way up. + +\> Institutions dump on you again. +I am on vacation so don’t blame me haha but I can’t believe we haven’t figured out or even proposed some theories as to who was liquidated Thursday morning. + +Obviously with the war starting over night was the reason- but someone got sold big time into the market. + +I had heard UBS cut Russian bonds to 0 so it maybe was a firm who used UBS as their prime and had lots of margin through Russian bonds. But that is just one idea. + +Usually we would find out the biggest companies who took a dump Thursday morning and then research who owned them. + +Any takers? I will take a look when I am back next week but maybe it could shed some light on what is going to happen this coming week. + +Edit 1- sorry everyone it probably was a margin call not liquidation. Liquidation being what will probably be occurring in the next week or so to various Team Shit Face members. I wrote the post more as a what the f happened Thursday morning and that we hadn’t figured it out yet. With all the other drama I think we were being pulled away from the important matters. Great Bloomberg link below I hadn’t seen that. Anyone saying Thursday morning was normal I believe is incorrect. Everyone enjoy the rest of their Sunday. BUY HOLD DRS🚀 +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'm wondering if some people here can share some resources on technical analysis for stocks they found useful either in (1) it taught them how to trade more successfully, or (2), it inspired their current strategies? For the sake of what format the 'resources' can be, it can be books, college lectures, Twitch streams, Youtube channels, Udemy courses, or anything really, I don't mind. +Behöver någon hjälp med DRS? Är det tydligt för er hur man går tillväga eller behövs en guide på svenska? + +Jag själv köpte genom GiveAShare för att få tag i en aktie varpå dem skapar ett ComputerShare-konto åt dig, här gäller också att använda deras "expedited shipping" då det tar lång tid för brevet att annars nå Sverige. Snabb frakt går på ca $35 men väl värt det, då kommer brevet på ca 1 vecka istället för 2-3 månader. + +Så fort man har fått sitt brev med sitt ComputerShare account number så ringer man ComputerShare och identifierar sig varpå dem meddelar dig att ett nytt brev innehållande en pinkod för att logga in på ComputerShare kommer att bli hemskickat. Likaså här värt att betala $35 för snabb frakt. +Du kan i samband med detta också uppge din mail för att få pinkoden dit, får du pinkoden till mailen skickat så får du tillbaka pengarna för snabb frakt. Värt att veta är att alla kan inte få sin pinkod till mailen utan det bedömer dem innan den ska skickas ut precis. I mitt fall så fick jag inte det utan fick då betala för snabb frakt och den kom samma vecka på posten. + +Väl inloggad i ComputerShare så uppges man att fylla i W8-BEN-blanketten för att inte bli skatteskyldig i USA, samma som du fyllt i på Avanza / Nordnet för att kunna handla USA-aktier. + +Nästa steg är att i ComputerShare ladda ner ditt DRS (statement) i pdf format. + +Logga sedan in på Avanza och se till att ha köpt $GME på ett aktiefondkonto, ISK fungerar ej med DRS. +Maila kundservice att du vill DRS dina $GME från ditt aktiefondkonto och hur många, bifoga också DRS (statement) som du laddade ner. + +Klart, Avanza tar nu 2-3 dagar på sig att skicka över dina aktier till ComputerShare! + +Lite osäker på hur Nordnet fungerar men förhoppningsvis kan någon i kommentarerna hjälpa till där! + +Skriv om ni har några funderingar och dela gärna detta till alla 🇸🇪🦍! + +$GME to the 🌕🚀 + +Edit: du kan bara bifoga filer till Avanza inloggad genom hemsidan och inte i appen. + +Edit: Spelling error + +Edit: Total kostnad för att så snabbt som möjligt skapa ett ComputerShare-konto är då alltså GiveAShare-priset för en aktie, dem tar cirka det dubbla av aktuella priset för en $GME då dem också skickar dig en fin replica av en aktie för att rama in och hänga på vägg. Plus kostnaden för snabb frakt ca $70. + +Edit: man behöver inte vänta i två dagar på pengarna flr att flytta pengar mellan avanzakonton, cred till /u/creamymarmalade + +Ja precis, man måste vänta in likviddagen. + +MEN! Det går faktiskt att flytta innan dess. Går man in på sidan [intern överföring](https://www.avanza.se/mina-sidor/overforingar/interna-overforingar.html) (verkar endast funka via webläsaren?) kan man flytta över pengarna från ISK till AF direkt mot en avgift. Då belastas ditt konto med skuldränta för de två dagarna du lånar pengar. Senast jag kollade låg skuldräntan på 5,90% på årsbasis. Skuldräntan dras automatiskt från ditt saldo i slutet av månaden, förutsatt att den överstiger en krona. + +Exempel: Du säljer för 20000 kr och flyttar pengarna direkt. Skuldräntan på 20000 kr blir 1180 kr på ett år, eller 3,2 kr per dag. Alltså hamnar din skuldränta på 6,4 kr efter de två dagarna. + +Kan vara bra att veta att möjligheten finns, om man är rädd att hamna efter om priset plötsligt stiger. Finns säkert ett par personer som undvikit DRS på grund av den oron. + +⭐En apa testade precis detta ovan o lyckades ej, kanske värt att testa med en aktie först för att va på säkra sidan⭐ + +Edit: fyi det tar ca 10 dagar från att du lagt in dina bankdetaljer i ComputerShare till att dem godkänns. Så det kan vara värt att tänka på att vara förberedd om man skulle i framtiden vilja sälja någon aktie. (Själv bidrar msn ju till infinity poolen såklart) ♾️ har man inte lagt in uppgifterna så skickar dem dig en check på posten vid eventuell försäljning +HCMC has been around since 1985, trading since 2000, and more or less has had a wild ride looking at its all time graph on Google (although I wonder if its innaccurate). Either way, it's picking up steam this week due to a lawsuit they have against Philip Morris Intl. I'm trying to discuss this with others and gauge tactics. I mean I could set a limit order and walk away and hope for the best, or I could wait for strategy. The tentative date for a response from Philip Morris is Feb 26, so that's kind of when I'd imagine hype to subside... I also thought maybe if it has a good run, I could cash out enough to cover my initial investment and then stay in it with some shares on the off chance it gains serious speed in the future. Where does everyone else seem to land with this one? I sense hype for sure, but also a potential long term advantage here, given the incredibly low entry point. + +Before this hype it was trading between $0.001 and $0.002 - so if hype wears off, maybe i wait for it to come back to these levels before re-entering, not sure yet. +I am a Italian citizen who has worked for 5.5 years in France and is currently living in the UK covered by the withdrawal agreement (moved before 12/2020). + +I have read extensively the [europa.eu](https://europa.eu) page on how the pensions are calculated under EU law. +What I am trying to understand is how the EU-equivalent rate pension works: +[https://europa.eu/youreurope/citizens/work/retire-abroad/state-pensions-abroad/index\_en.htm#shortcut-7](https://europa.eu/youreurope/citizens/work/retire-abroad/state-pensions-abroad/index_en.htm#shortcut-7) + +What is not clear follows: "it will add together the periods you completed in all EU countries and work out how much pension you would get **had you contributed into its own scheme over the entire time** (called the **theoretical amount**)." + +What is the amount of contribution they consider after you have left the country issuing the pension? +For example, imagine I have worked 10 years in France (ContrFR euros in contributions) and 10 years in Spain (ContrES euros in contributions). + +**I am requesting a pension in France** +The years are added so 20 years in total, but are the contributions added as well (ContrFR+ContrES)? Or do they consider only the French contributions (20\*(ContrFr/10))? Or no contributions are considered beyond those already paid in France (ContrFr only)? +I know the pro-rata is later applied to give the final pension amount. +Hi all, + +&#x200B; + +Currently I'm 16 years old, living in the Netherlands. + +My financial situation is as follows: + +* \~€18k in savings +* I make between €1200 and €1800 a month (it varies per month) +* I spend about €300 every month +* I work as a contractor so I'm not building up any pension with my work. + +Right now, I am just saving the money in case I will ever need it in the future. + +Now I am wondering, is there perhaps a better way I could spend this money? (Think of e.g investing) + +Any tips/suggestions will be very welcome! + +&#x200B; + +Thanks, + +A. +Hi all, + +Wasn't sure where to ask for advice on this, but thought Id try here, let me know if it's the wrong place. + +TLDR: Ride a motorbike to work, looking to get a car for the bad rainy days, but its much more expensive and im wondering how worth it it is to have a second vehicle I barely use. + +Nothing too serious here, just looking for advice. Basically I live in Ireland, and I currently commute to work daily, its not far at all, 20-30 mins maximum each way. I currently use a motorcycle to go back and forth and for all my journeys as it's my only vehicle. I've recently been seriously considering getting a car along side the bike after getting soaked through in a really bad rainy day, but that has a few problems. + +The bike is by far the cheapest way to commute as it uses less fuel, pays no toll on the motorway and I have cheap enough insurance due to a few years experience on it. + +The car will not really be used much as it has to pay tolls each way, has to sit in traffic and parking can be a bit tough. I have no issue paying those extra costs on the really rainy days but not everyday. + +I thought since this car might only be used a day or maybe 2 a week, and for an occasional roadtrip on a weekend every once in a while, the better option is to get an old cheap car thats running well, barely add miles onto it and see where we go. The issue is the insurance for these old vehicles is very high to the point of unreasonable. The only way for the insurance to drop is to get a newer car, but then you're paying thousands for a car that really wont be used much and is stuck parked up most of the day losing value in depreciation. + +Kinda got me stuck thinking about it, should one get an old car with high insurance, new car with cheaper insurance, or just suck up the rainy days on the bike and save all the money in general? What do you all think? Thanks for everyone who takes the time to read this. +I've been reading quite a bit on the matter and my head is now spinning: can someone shed some light over these topics? + + +1. Let's consider FTSE All-World UCITS ETF from Vanguard, ISIN IE00B3RBWM25. I'm having an hard time understanding which one is the best. If I go to DeGiro search I'm presented with 5 options, XET, EAM, SWX and 2xLSE. I naïvely always thought that getting the one closer to home was better (in my case XET as I live in Germany) but now I'm not that sure anymore. How do you decide which market to buy from? Is there any real difference for people based in major European countries (usually not subjected to double taxation across different countries)? + + +2. Following on the point above, can anyone tell me why the same ISIN has different tickers in different markets? What's the difference, if there is any? Is it just a naming thing? +VWRL / IE00B3RBWM25 - SWX, EAM and LSE +VWRD / IE00B3RBWM25 - LSE +VG72 / IE00B3RBWM25 - XET + + +3. DeGiro sometimes offers commission-free ETFs. Let's consider FTSE All-World UCITS and let's say that for 4 months DeGiro offers this ETF, commission-free, on a different market every month (i.e. XET, LSE, EAM, SWX), would it make sense to buy the same ISIN from different markets every month just to take advantage of the lack of commissions? Or is it better to keep accumulating on the same one? Of course, in the scenario where you contribute to your ETFs every month. + + +Thanks in advance! +Hi guys, + +Absolute beginner here. + +I recently moved to Luxembourg and i'm looking to do some passive investing- the most basic type of thing, invest a lump sum of 5k into an index fund and proceed to add 100EUR on a monthly basis. + +I went to see a financial advisor at BNP Paribas yesterday and they suggested this accumulating ETF: **BNP Paribas Easy S&P 500 UCITS ETF EUR** ([https://www.justetf.com/en/etf-profile.html?isin=FR0011550185](https://www.justetf.com/en/etf-profile.html?isin=FR0011550185)). From what i understood this ETF tracks the S&P 500 and replicates its performance synthetically with a swap. + +The problem is that i will have to pay a 30EUR transaction fee if i opt for a dollar cost averaging strategy. So i thought of dropping the whole idea of putting in 100EUR a month into the fund and ill just invest 1200 every year as a lump sum. I was wondering if this is a good strategy and if anybody can indicate if this ETF is any good in the first place? + +Alternatively, is there any way to bypass the transaction fees? I am aware of online brokerage platforms like IB but im not sure how safe it would be to go through IB for someone planning to invest long term (at least 20 years). + +Many, many thanks for considering these questions. +Essentially the title. I have done my research and want to finally dive in. + +1. In your opinion, which broker is best for Irish residents? + +2. Which brokers cater for forex/crypto’s? + +3. Which brokers use the least fees? + +4. Which are the most user friendly user brokers? + +Any other advice is welcomed! Especially relating to Irish tax laws and investing/trading. +Hello, + +I just opened an account in scalable capital and I am going to start investing in ETFs. I am wondering if there is a way to cross check what I actually own the ETFs shares that scalable says I do. For example, scalable could be saying I bought x and y and my investment has made 20% profit but in reality they just took the money and didn't do anything.... +Hello everybody, + +Posting this question in here, hoping to find some clarity. + +I'm full-time home office worker for a German company and there's no need for me to physically be at the office (haven't been there since 3 months), and if we would need to physically meet, they would tell me with months in advance. + +So my question is: can I spend 1 week in Italy (where I'm from) and work from my parents home without using my holidays allowance? Do I need to tell my employer? + +Thanks a lot for your help! +I've just become a dual citizen Irish / UK. (Living in England, study in Scotland) + +Are there any advantages or Irish government schemes for anything, investing/property/savings etc + +For example in the UK we have a government scheme called a LISA (Lifetime ISA), which is a tax free savings account which can be used to save for retirement or to buy a first home. You can put in up to 4k per tax year with the government adding a bonus of 25% per tax year on anything you put in. These can be Cash savings or Stocks and Shares savings accounts. + +Also, Does anyone know of any advantages that I may be unaware of, or any resources that may be helpful on anything relating to finance? Websites/Flowcharts/YouTube accounts. + +In the UK we have the Money Saving Expert - Martin Lewis, a website for almost every financial decision, banking, savings, investments, deals and money off, pension calculators and various tools, which offers many tips and tricks for anything money + +Sorry if this is a bit niche + +Thanks!! +How would you know when the next best thing comes up ? + +Would you change your strategy and move to the next thing ? + +Since it is only 3 years old, why are people so confident about it ? Is it because of Vanguard ? +Hello everyone. I just created a Degiro account, and would like to start investing. I live in Switzerland. +I read up on some details, but I still have some simple questions, that I would like to clarify. + +My goal is long-term investment into simple, diversified index funds, like the ones vanguard offers. + +Here are my questions: +I chose a custody account because the basic one enables them to lend to third parties. Now, I read that this shouldn’t be a problem if your portfolio is not heavy on dividend-paying funds. I read that Vanguard funds usually pay out dividends. + +What is the benefit of a fund that pays dividends? + +Secondly, which index funds are there that don’t do that, so that I may avoid paying the dividend fees? + +Thirdly, if I ever do want to invest into stocks and use options, futures etc, I should always be able to just create a new account and choose a basic profile, right?? + +Thank you so much for your time! +DXsale has just released their launchpad today allowing anyone who wants to create a coin on BSC the possibility to do so. + +The unique part about their launchpad is that IT IS RUG PROOF, THERE IS NO WAY FOR THE CREATOR TO RUGPULL. + +POLYGON/MATIC PLATFORM RELEASE ON THE 28TH!!!!!! + +Working product and roadmap https://dxsale.network/ + +Partnerships with Matic/Polygon, Zil and Binance https://mobile.twitter.com/0xPolygon/status/1361711039428005894 + +DXSALE is going to have the ability to launch tokens directly from it in a system that's incredibly easy for both developers and investors. Coming up in the roadmap is a farming and an NFT mechanism. It won’t only be used on the ETH chain either, it’s built blockchain agnostic. It’s going to be used across multiple chains, they already have partnerships with ZIL, Matic/Polygon and now Binance as well. At 1$ we will be at 25m market cap. + +What is dx sale network? https://hash-dxsale.medium.com/what-is-dxsale-network-81da32bcddc6 + +You can already stake, launch through defi, but the most interesting thing they are doing is making projects launched through them rug-proof. + +The launches will be governed by the token, and funding will be released as decided through the platform governance. This is going to allow token holders protection from rugs and stakeholders to have a say before the team gets funding or more funding. + +Create token sales easily and be listed instantly on the platform. Governed through $SALE to receive continued funding or refund remaining funds back to investors based on performance. Tokens & part of revenue provided to stakers on the DxStake platform. Tools for angel investors to make correct decisions when investing in a project. + +https://www.coingecko.com/en/coins/dxsale-network + +https://www.publish0x.com/defi-is-good-but-beware-of-the-scams/dxlaunch-by-dxsale-is-the-anti-rug-pull-launchpad-that-will-xzwwlnm +They made sure to tell you that this could TOTALLY happen to you if youre brave/smart/pretty/strong enough to do it. + +But in reality they shouted this shit from the top of their penthouses after they went through and shackled our parents to their jobs and then never gave them the money to actually survive. OH DONT FORGET TO JUST SAVE RIGHT GUYS????? INTERST RATES ARE BARELY UNDER 2% BUT YEAH LEMME SAVE TO SURVIVE. + +BUT you cant even save because they set up most of the world around the idea that you live paycheck to paycheck. Short anything that helped us, calls on their friends, and anyone who paid them enough they would do one or the other to whoever they wanted. + +Fuck these people. +Fuck the Hedge Funds. +HOLY SHIT I UNDERSTAND WHY WALL STREET KEPT FIGHTING. + +Remember when we first learned about Cede and Co? The mind-blowing realization that we never actually held our shares. This mythical company held every share? We just got the rights to them? We should have known then and there the answer lmfaoooo + +Watching us scramble from broker to broker trying to find a reliable one. Telling ourselves we finally found one that won't screw us. Diversifying to different brokers. No wonder they kept fighting. Seeing retardedness on this level would convince anyone they had a chance. hahaha + +We learned all the ins and outs of their fckeries and sat there calculating algorithms and deadline dates. Dips on the hour. Power hour. Rollover dates. T+35 cycles. What didn't we calculate? hahahaha OMG I now realize how dumb we must have looked. I can't stop laughing. + +Bro just take your shares out of the DTCC. Put them in your name, check mate. That simple. Took us 9 months. We belong here lmfao. + +The answer was staring at us in the face since January. I now realize that apes calling themselves smooth brain wasn't just a meme, it was a fact. How did (almost) everyone miss something so obvious? To anyone asking why Computershare: We didn't pick them, GameStop did. + +# If we learned about investing properly in school we would have learned that this is the correct way to purchase and own shares. Broker-Dealers are only useful if you want to participate in lending schemes or do quick transactions. + +Then we would have learned about all the miss aligned incentives from broker dealers and pitfalls to watch for. + +&#x200B; + +But look at all these threads urging caution. I'm sure some are worried apes but I'm also sure that a lot are Wall Street shills that are shitting bricks right now. Oh man I sure hope they pull their shares out of the DTCC as slowly as possible. Only 10% everyone! Give us sometime to figure out a way to stop you! Don't want to get screwed by GameStops official transfer agent. You don't wanna trust them. Trust a trillion dollar broker dealer at the center of Wall Street. lmao. + +&#x200B; + +https://i.redd.it/nfhwz6cegvn71.gif + +Remember, none of this was financial advice. Do your own DD and make your own financial decisions. This is an independent decision everyone makes for themselves on how to best hold your own shares. Not a collective movement. Just sharing my thoughts here for entertainment purposes. +97 shares and counting of SCHD. Long term goal is 1000. + +31 years old. 25 year plus time horizon. + +Only buying VOO/SCHD at this point. Roth contains VTI and won’t be buying anymore until 2023 when I max it out on Jan 1. + +Buying $50 of $O a week always. Never going to stop until the DRIP takes over. +I dropped out of highschool a few months past 18. + +My mom lost her job (didn’t want to work anyways), I was doing horrible in school, so I figured it would be best for me to start working. + +I hit the ground running. + +I worked a few odd jobs before I went into grocery retail. I worked at Kroger for 7 years, and Albertsons (Safeway) for over 3. + +When I met my wife, I was fed up with the pay ceiling and the dead end job, she pushed me to do better, and so I did. + +I went to a few GED classes, took the tests, and passed. + +My first big move was into a call center making $12 an hour, the same I made at Albertsons. But with more hours. I was working a straight 40 instead of the random 20-30 a week. So I was making about $25k a year. + +I quickly left a started work as a Facebook content moderator making over $32k ($35k after bonuses). I put in for a promotion, and my pay was bumped up by another $5k. +We ended up getting raises, so I before I left I was making $45k. + +I feel in love with internet trust and safety, and out the time in networking and studying different aspects of it. + +In July I applied to my dream company and was accepted. My pay jumped up to $68k with a raise coming next month taking me to $72k + +I spent $150 for those GED tests and applied myself. It paid off. +Every single job, after grocery retail, required that I have proof of it. +I’m still taking care of debt, but we’re getting there. + +I highly encourage you , that if you don’t have your GED, go out and get it. +Some cities/states have special programs where you don’t even have to pay for it. + +It helped me and is getting us to a place of financial security +So last week my roommate and I sent in our rent checks. No big deal, right? So I wake up this morning and see a mysterious charge on my account saying something along the lines of "*Bank Initials* ACH MORTGAGE PAYMENT." So I call my bank and ask what the heck was going on, and they inform me that they'll block the charge and that the payment was made using my account and routing number. The payment amount was essentially the same as my rent payment, but $10 less. My roommate received the same charge for exactly the amount he sent. The landlord should have to deposit the check and pay for his own mortgage after the money gets to his account. This can't be legal, can it? For reference, we live in Pennsylvania, USA. + +Edit: sorry, the amount that he withdrew was $614 from my checking; my savings was slightly overdrawn for $11 making up the difference. The check I write for my rent is $625. +**BACKGROUND** END OF 2021 UPDATE + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My net worth at that time was $1,333,772 (with home/land). Our actual withdrawal rate is much less than the original 3% of portfolio due to: occasionally earning additional passive income; receiving an unexpected $30k windfall in 2018; and purchasing my parents home at a greatly reduced price in 2019. The budgeted maximum withdrawal amount for 2022 is $5918/mo or $71021/yr (now 2% of net worth). In 2017, it was $2564/mo ($2682/mo adjusted for inflation). We’re so far out of danger by historical precedent that spending is no longer a thought. The road of questions about what I do for health care (subsidies and their ambiguous morality), why retail pharmacy is so bad (below), and whether my situation is from determination or privilege (a lot of both) has been well tread. + +**Career**: I am a former retail pharmacist who hated both his job and profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), and revenue from an ebay business while in college ($10k), and student loans ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. Our savings rate was about 70% on average. My parents initially promised to cover the student loans out of what they deemed to be principle, but we assumed them when purchasing their home/farm in 2019 ($380k + assumption of student loans + free rent for life, for an estimated $750k home/farm that is now probably worth closer to $1.6M). Those will eventually be forgiven due to changes in repayment plans (see below). + +**Finances**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation was initially 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). After the purchase of my parents’ home/farm, our net worth is closer to 50% real estate (one house with 28 acres and another house with 66 acres) / 50% VTSAX (total US stock market). We also hold roughly $100k in belongings not included in the portfolio. My spending model places no dependence upon possible future employment, social security, other inheritances, universal health care, or universal basic income. The final balance will be left to charities and worthy causes. + + +**2021 RECAP** + +**Spending**: Living expenses for 2021 came to $57,678 (max budget $46,848). We generated $20,167 of income this year from some almost entirely passive stuff. Our investment withdrawal was $37,511 this year, thus our pro-rated, annually-adjusted withdrawal rate was 1.60% for the year (max budget 2%). Without the additional income stream, our withdrawal rate would have been 2.46% for the year. Our net worth has gone from $1,333,772 (start) to $3,551,075 (current). Now I just buy things when I want them without thinking about it. A 43-acre tract of property that I bought for $250,000 in 2019 went under contract with a developer for $2.15M ($50k/acre) in 2021, but the sale fell through because the county is not allowing further development at the moment. For purposes of accounting, I place the value of it at only $688k ($16k/acre) since that is more in line with recent sales, but I have little doubt that I will be contacted again in the future. The student loans that I took over are going to be forgiven in 25 years because I switched to a non-existent-income-based payment plan that will forgive the leftover amount at that time. Thank you John Q. Taxpayer. + +**Experiences**: I ran over 4000 miles after my competitive running career came to a close (personal records: 5:12 mile, 17:37 5k, 36:39 10k, 1:17:38 HM, 2:43:12 marathon). I helped some friends of mine achieve their running goals. I allowed the pandemic to make this another less-than-productive year. I mostly stayed home and stuck with existing hobbies (reading, gaming, watching movies, web browsing, nintendo collecting, Garbage Pail Kid collecting, hiking, bird watching, visiting friends, following the intellectual rot of our republic). + +**Upcoming**: I want to travel when the pandemic is under control and make up for lost time (California #3, Hawaii #2, Japan #3). I want to continue with my hobbies and find some new ones. I want to find some new volunteer opportunities. I want to spend less time online. I will continue to do whatever the fuck I want. My five-year retirement anniversary (June 2022) will be my final post. +To celebrate /r/bitcoin reaching the huge milestone of 100k subscribers, reddit gold is [now discounted if you pay with bitcoin](https://ssl.reddit.com/gold?goldtype=onetime&months=12). + +We appreciate all the support you have given us. Congrats to the mods and all contributors for cultivating such an impressive community. + +See you at a million. +Over the last few years since I started investing, I stumbled onto the idea of selling covered calls on stocks that I own more than 100 shares of. This seemed like a good way to make some extra money off of the stocks that I own. Initially, I would set the strike price of the CCs well above my cost basis, so that if they did get called away I would still make a profit that I’d be happy with. I started prioritizing this strategy and owning stocks in multiples of 100 when possible. Over the past year, the share price of most of my stocks has dropped below my cost basis (in some cases far below). Whenever the share price got so low that I couldn’t get enough premium to make it worth it, I’d just stop selling CCs on that stock until if and when the share price went back up. + +More recently, I also discovered selling cash secured puts as a good way to buy more shares of stocks that I want to own (and could afford 100 shares of), and this led to discovering the wheel strategy; selling CSPs until I buy a stock, and then selling CCs until they get called away (or in some cases rolling the call). Rinse and repeat. Somewhere along the line I discovered this sub and it has helped me refine my strategy even more. + +This leads to my question about selling covered calls below my cost basis. In the past, I would always avoid this as I didn’t want to realize or admit to a loss. I (still) hope that my loser stocks will eventually go back above the price that I paid for them. But, now I’m thinking that I’ve already “lost” that money on paper. So why not make whatever I can back through CCs and CSPs? If a stock gets called away at a price that’s below my cost basis, I can just accept it as a realized loss. And at that point I could analyze whether I like the stock enough to wheel back into it, or forget it and wheel another stock that I like more. + +Besides the tax implications of realizing the losses and/or wash sales, are there any disadvantages to this approach? + +**TLDR:** When wheeling a stock, how concerned should I be about selling a CSP under my cost basis, if it allows me to keep making money off of the premiums for CCs and CSPs instead of doing nothing and hoping the stock goes back up? +I sold a put on Monday on WFC and although the stock dropped 4% on Tuesday because of earnings, the put lost more value because of IV crush. Today the put is almost worthless. Is it a good strategy to sell puts on stocks right before earnings? Are there any fundamentals that you would look for? +Over the last few years since I started investing, I stumbled onto the idea of selling covered calls on stocks that I own more than 100 shares of. This seemed like a good way to make some extra money off of the stocks that I own. Initially, I would set the strike price of the CCs well above my cost basis, so that if they did get called away I would still make a profit that I’d be happy with. I started prioritizing this strategy and owning stocks in multiples of 100 when possible. Over the past year, the share price of most of my stocks has dropped below my cost basis (in some cases far below). Whenever the share price got so low that I couldn’t get enough premium to make it worth it, I’d just stop selling CCs on that stock until if and when the share price went back up. + +More recently, I also discovered selling cash secured puts as a good way to buy more shares of stocks that I want to own (and could afford 100 shares of), and this led to discovering the wheel strategy; selling CSPs until I buy a stock, and then selling CCs until they get called away (or in some cases rolling the call). Rinse and repeat. Somewhere along the line I discovered this sub and it has helped me refine my strategy even more. + +This leads to my question about selling covered calls below my cost basis. In the past, I would always avoid this as I didn’t want to realize or admit to a loss. I (still) hope that my loser stocks will eventually go back above the price that I paid for them. But, now I’m thinking that I’ve already “lost” that money on paper. So why not make whatever I can back through CCs and CSPs? If a stock gets called away at a price that’s below my cost basis, I can just accept it as a realized loss. And at that point I could analyze whether I like the stock enough to wheel back into it, or forget it and wheel another stock that I like more. + +Besides the tax implications of realizing the losses and/or wash sales, are there any disadvantages to this approach? + +**TLDR:** When wheeling a stock, how concerned should I be about selling a CSP under my cost basis, if it allows me to keep making money off of the premiums for CCs and CSPs instead of doing nothing and hoping the stock goes back up? +[https://youtu.be/\_1kn95761wg](https://youtu.be/_1kn95761wg) \- this is awesome from 1997. Has Cathy Wood, coked up Cramer, some fat hedge fund guy making moves, and a Long Island sweetheart who says 20% a year isn't fast enough :) enjoy + +Premium selling is going to be awesome... sell puts, maybe go long a few vertical calls... bank it. +I'm using a margin account and now after the recent large drops I'm not so far from a margin call. I'm mainly.long growth stocks FB avg 242. Baba 129. Paypal 128. , INTC 49, the rest is mainly ETFS: SSON, MOAT etc. + +How would you hedge this portfolio to be able to survive a larger drop? + +I was reading 60 days OTM puts on SPY with 0.5 delta approx 30% OTM. Would this work? + +I was trying it already but the cost of the puts was quiet large and then I stopped because I felt I'm.just burning money. +Good Morning Superstonk! + +Now officially a pickle, I'm ready to scribble even more furiously with my crayons than ever before. + +I wanted to seriously take a moment and thank all of you apes for all your support knowing you are watching and interested in learning has been what has motivated me to do this every day for the last few months. Thank you all so much for the kind words, encouragement, and motivation. + +I'm pretty stoked on this week we had a very nice period of consolidation and I'm think that today or tomorrow we should begin to see some upside. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oe8h49/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# Closing Bell + +I suspect the SHFs are holding the price down throughout the day then allowing it to climb/covering a small amount of daily shorts towards power hour in order to spike the IV for the next morning. Possibly in order to make gamma ramps more expensive to set up. Either way rough day but we had that nice bounce a couple times down @ 194 closing in on 200 in aftermarket. Thank you all for tuning in and see ya tomorrow + +\- Gherkinit + +https://preview.redd.it/ugxq6166fn971.png?width=705&format=png&auto=webp&s=3fc1bca6cbcd2cfd39cd661625690cb2ed7e2e27 + +Edit 7 3:23 + +Moving up to another test at VWAP hopefully some volume before close to get us back above 200 would be fantastic. + +https://preview.redd.it/qcp7rcv68n971.png?width=1508&format=png&auto=webp&s=b53e3812055918a11b8b2520cb52447c77607435 + +Edit 6 1:57 + +Nice bounce off that long term trend. Some Iran uranium stuff has the spy getting all excited. Easing that downward pressure we could have a nice power hour. + +https://preview.redd.it/tqz0h6zzsm971.png?width=1640&format=png&auto=webp&s=f28f040e9f9165b5493bf89a2d09ea71cfeb7684 + +Edit 5 12:52 + +Still down and sideways trading on top of that long term resistance now at 194 + +https://preview.redd.it/ydstjf6ahm971.png?width=1430&format=png&auto=webp&s=4bea1fce381547e750d55c6a613000af2e38f91d + +Edit 4 10:45 + +GME and SPY running real close but our lack of liquidity is preventing bigger dips. Apes hodl. + +https://preview.redd.it/hwp00n4oul971.png?width=1621&format=png&auto=webp&s=3f1e57cd6f5e34b842fec378a81b93f8fad256bb + +Edit 3 + +Double bottom might see a bounce the volume is still sub 1m so maybe just back to 200\~ + +https://preview.redd.it/b9vt0quiql971.png?width=1630&format=png&auto=webp&s=819af0883e2cb20604014c983ae799a127ad4fa2 + +Edit 2 + +looking at 194 on that lower trend line + +https://preview.redd.it/ahz845xall971.png?width=1613&format=png&auto=webp&s=e849811ad8c792b39e2aa263d80a724de9848a18 + +Edit 1 + +SPY tanking overall market dragging us down on low volume + +https://preview.redd.it/gdntqqtijl971.png?width=1627&format=png&auto=webp&s=9748041b6c67240c988a5d40b04feb588da3642b + +# Pre-Market Analysis + +We got another awesome announcement this morning about GameStop's new 530,000 sq.ft. facility in Reno, Nevada, so I expect we will drop /s. Thankfully it looks like they are gonna start deploying some of that capital before inflation sets in which will drive value in the long-term. Currently sitting on about 450k shares to borrow and low pre-market volume @ 18k. + +While I fully expect us to bounce on the low-trend of the cup & handle there is a possibility that we trade down today and bounce off the long-term trend indicated by the ascending triangle on this weeks formation + +[Lower cup & handle trend bounce expected \(red dotted line\) possible bounce off the long-term trend \(Lower solid yellow line\) Cup & Handle on 1D Timescale](https://preview.redd.it/kseva7g02l971.png?width=2456&format=png&auto=webp&s=0651b18869ae3908c75b03c956f6b27f8a63c9e4) + +A bounce today would give us a very nice bullish crossover on the 1D MACD + +[MACD 1D Timescale](https://preview.redd.it/rvcmv9vj2l971.png?width=1629&format=png&auto=webp&s=baf9253c168fe3d424f8e299015ab3608bca734c) + +Lastly CV\_VWAP not currently signaling arbitrage opportunities but there is a chance we could see something closer to market open. I will continue to monitor this. + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Hi, + +Couldn't find the answer online so figured i'd try posting on reddit, which i've never done before. + +I been studying for months on trading forex and i'm ready to open up an account and start trading nano lots. Potential problem: i work at a financial services firm. Is there anyway this could get back to them? currency is not considered a security so reading the rules black and white tells me I don't need to tell them, but that doesn't mean it still can't be an issue if they were to find out. + +I'm sure this isn't a normal post for here but I just wan't sure where else to look. Any advice would be welcomed. +What do you guys think of the Synchronous trading that is offered by Teletrade (and other platforms)? Synchronous trading allows you to link a real account to a master trader and the transactions he does, are also done automatically in your account. + +I like the idea of having a small team of experts with successful histories to make the trading decisions for me and me paying them a percentage (15-30%) of net profits. + +Some time ago I did some research about ZuluTrade, but I didn't invest any money because I read some scary experiences from other investors. Teletrade (and maybe some other platforms) apply a similar model but it seems more professional and serious. +What do you think? is Synchronous trading high risk? + +Suppose if I have a daily target in forex let’s say 2% +Now I traded and market condition are good and I am able to easily achieve my target + +So professional traders here stop immediately after achieving daily target ? +Or they will continue to trade if market condition is very good +There have been a number of posts around Market Makers using signals in the Bid/Ask to collude on price action. Here is a popular post for reference: + +[https://www.reddit.com/r/Superstonk/comments/u7iox3/it\_is\_time\_to\_talk\_about\_market\_maker\_signals\_i/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/u7iox3/it_is_time_to_talk_about_market_maker_signals_i/?utm_source=share&utm_medium=web2x&context=3) + +There have been multiple posts and comments to debunk this theory. I think it's appropriate to test the theory to see if it is true. I assume that computer algorithms would send the orders to the exchanges - and computer algorithms would read what's on the tape and react accordingly. I would assume that there is no tracking of the source of the order - only that it is an order of a given ask size. + +2100 ask size is "Let it Run" - so I figure a bunch of Ask quantities at 2100 it should send a signal that the Market Makers should let the price run. I'll find out Monday. +Hi Mark, + +you stole fb of the Jock rowing twins + +you stole instagram + +you stole whats app + +and you stole Oculus. + +Now you want to Steal Meta from GME, and guess what. You cant. + +You will alway be remembered as the cuck who founded phucbook. Weve seen you sell your shares of FB. + +RC is the new Sheffiff in town - +Throwaway account. Would like advice on my situation from people who have been in similar. + +We’re in our early thirties and newly married. No kids, but plan on it within 2-3 years. We currently make $250k combined and live in a HCOL city in the US, paying ~7k/month for rent (over half our take home pay, but we cognitively made this decision). Don’t have many expensive hobbies currently, but we’re realistic that we’ll have lifestyle inflation. + +We currently have ~$11M (post tax when liquid) in illiquid assets, with liquidity event happening within 2 years. We have cash/investments totaling ~$1.5M. + +We’re at the crossroads on whether to continue working for $250k salary + $1M stock per year (same illiquid asset as mentioned above), or leaving our jobs. These numbers are gross of taxes. + +There are a few factors here: financial, personal, and professional. + +Financial: I realize how fortunate we are to be in this position. The $1.25M per year is “guaranteed” and very safe. We could increase our NW by that much more and contribute to setting ourselves (and family) up for life. + +Personal: We’re in our “prime” years (depending how you define it) and want to travel, pursue hobbies, and live carefree until we settle down and have a family. + +Professional: We enjoy our jobs 7/10, but they’re extremely demanding and stressful. Another option is to leave the current “safe” yet demanding/stressful job to join a much smaller company with a larger role. Lower comp, but expanded professional experience and potentially higher comp with stock appreciation - risk / reward game. + +Would greatly appreciate people’s thoughts here. + + + +I've noticed a fair number of co-workers have bought rather expensive homes recently (expensive for what I know we all generally get paid - $3 to $4m). It's come up in discussions that many of them (maybe all) have used interest-only mortgage loans to afford these places. I have a much cheaper home with a more traditional style mortgage, but have felt like I'm maybe doing something wrong given the prevalence of these IO loans amongst my peers. Granted they aren't paying off any of the principal, but if their home value appreciates, they'd still make some money above and beyond the down payment they put in (assuming they sell within the appropriate timeframe). Also, I've heard their monthly payments are quite a bit lower than my mortgage payments and even rents around the area. I've prioritized FIRE above overspending on fancy things, but wonder if the IO mortgage would have been a way to have both. + +Is this generally a good approach to real estate or is this more of a way to "live beyond your means" for a short period of time? +And if so, can you share your experience? + +&#x200B; + +A little background. + +&#x200B; + +I am on the verge of a liquidity event that would enable me to FIRE in the very near future, and a friend of mine who works for one of the big investment banks urged me to speak with one of their "Private Wealth Managers". I was curious to hear the pitch, so I went ahead with the meeting. + +During the meeting we covered a range of topics, ranging from risk profiles, tax strategies, investment products (of course), inter-generational wealth transfer, charitable trusts and so on. He also talked about his background and the types of clients he works (net worth starting at $30M - I am nowhere near that!) with along with the scale of some of their portfolios. He seemed like a nice guy. + +We also covered how he is compensated, which is unsurprisingly based on assets under management. Their fees start at 90 basis points and scale down as the portfolio gets bigger. + +During our conversation, we talked about financial independence, and he said that the likes to use "35 times expenses" as a guide, because he errs towards being conservative. That works out to about a 2.85%, which seems low to me. Than I thought about it...if you add on their .9% in fees, you end up at a withdrawal rate of 3.75%. Interesting. + +The term "private wealth manager" just sounds like a fancier title for "financial planner" for those with more money. The person I spoke with framed it as "the family CFO", where their services extend beyond investment strategy. + +&#x200B; + +I have always believed that "no one cares more about your money than you do" and I have never employed a financial planner. I have always taken it upon myself to be educated on the topic of personal finance and hold myself responsible for the outcomes. To say that I am deeply skeptical of this profession would be an understatement, and I would guess that many people here feel the same way. + +&#x200B; + +But! As I enter into a new financial phase of my life, I wondering if I am missing something. Do private wealth managers offer real value when the complexity of the financial picture get to a certain scale? Am I missing something? + +&#x200B; + +So I am curious if anyone here works with a wealth manager and if you can shed some light on how they added value? + +&#x200B; + +Thx. + +&#x200B; + +EDIT: Thanks everyone for all of the thoughtful replies - there's a lot of really good information here and a lot for me to think about. As for me, I have been investing in index funds for the past 15 years as well as real estate, and that has served me well so far (current NW $6.7M or thereabouts). I also work with a lawyer for estate planning and an accountant for tax planning so I feel I already have many of the bases covered. + +I do think PWMs offer value to some people and it was helpful to hear other perspectives on this. Based on my conversation, I think they are better suited to those who have larger portfolios and are willing to allocate a portion towards higher risk opportunities. I just don't think they are right for me at this point. + +&#x200B; + +Thank you again for all of the responses. + +&#x200B; + +&#x200B; +Didn't see this posted anywhere on here and might help some people cut down on their internet/phone bills. Thought it might help out some of the unfortunate ones here that have lost their job recently. Tethering is supported and it's 5G ready. + +Link: https://voxi.co.uk/for-now + +Requirements are you must be on JSA, UC or ESA. + +Disclaimer: I don't work for VOXI, just came across this promotion and it helped save a friend of mine money. +I can imagine a number of scenarios where this might happen: + +1. The market tanked a year or two after you retired. +2. You realized you didn't actually have enough to make it sustainable. +3. You decided you had goals that you needed to save more for, like having a kid, buying a house, etc. + +If this was you, how hard was it to break back into the work force? What's your story? I'd love to hear your numbers and your reasons. +https://www.wsj.com/articles/the-loneliest-generation-americans-more-than-ever-are-aging-alone-11544541134?mod=mhp + +> “Researchers have found that loneliness takes a physical toll, and is as closely linked to early mortality as smoking up to 15 cigarettes a day or consuming more than six alcoholic drinks a day. Loneliness is even worse for longevity than being obese or physically inactive.” + +> “Gary Grasmick, a 68-year-old retired federal IT worker who lives by himself, was carrying groceries into his Washington, D.C. row house two years ago when he felt his knee give out. Overweight and unable to get up, and with no phone in reach, he laid there for at least two nights as dehydration and a urinary tract infection led to sepsis. His kidneys started shutting down and he grew delirious. + +> Mr. Grasmick tried to drag himself to a phone and a sink but couldn’t get there. He began to lose track of time. + +> “I remember being thirsty and having weird dreams,” he says. “I was confused and frightened.” + +> A friend became worried when he didn’t return her calls and called the police. When emergency personnel found him, his brain had swelled. In his delirium he thought that hospital caretakers were trying to hurt him. It wasn’t until an old fraternity brother showed up to visit that he fully understood what had happened. “Then I felt safe,” he says.” + +Stay fit, active and healthy. Build lasting relationships and thoroughly consider whether you really want to plan to be single or not, or have kids or not. You may not feel it now but in 20 or 30 years, having no support network can kill you or put you in crushing depression. As an ER physician I have seen countless patients in the several examples displayed in the article and it is absolutely saddening. +If the mods lock a post can you indicate a reason why. Some of these are clear but some of these aren't. + +r/fatFIRE doesn't get a lot of posts (which is fine) and its a shame seeing some interesting topics locked with no reason given. + +Edit: I wonder how long before this post gets locked... + +Edit 2: I like this sub, lots, just trying to make it better. 50k people won’t always agree on stuff or interpret rules the same way. +And I did it early. +My goal was April. My hard fucking work paid off. My body hurts. My arms and hands are numb, but I fucking did it. A breathe of fresh air. Time to stack my SAVINGS AND RETIREMENT next. + +Thank you all for your hard work and incredible posts. +Jim Cramer selling a Crypto has developed into a bullish signal: + +Last time, Jim Cramer has called for selling Bitcoin at around $30,000, because he thought it reached its peak + +A few days ago Cramer called for selling again, he sold a chunk of his Ethereum, saying he thinks it might have reached its peak. (He has already lost around a 8% gain) + + +Will history repeat itself? + +[(source on Cramer selling his Ethereum)](https://www.livebitcoinnews.com/jim-cramer-sells-some-of-his-ethereum/) +[(source2)](https://www.cnbc.com/2021/10/18/cramer-sold-some-ether-holdings-ahead-of-bitcoin-futures-etf-launch.html) +Guten Tag to this global band of Apes! 👋🦍 + +Apes, I sense the energy building. It is the same energy that precedes the upward breakouts we've had in the past. I can't quite pinpoint exactly what it is this time, but I've seen an uptick in FUD (or FUD-adjacent) posts, increased focus on options versus DRS, unexpected movement to borrow rates and RRP utilization, and even unusual upvote/downvote ratios on Diamantenhände. As we approach this holiday weekend, I have a very strong feeling that we are in for quite the ride. + +So naturally I bought more yesterday. + +As we await more announcements about the NFT marketplace and games, and see the surge of Apes making the transition to the GameStop Wallet, let's take a moment to appreciate just how well-targeted this endeavor is. GameStop has a loyal fanbase who are frequently at the forefront of digital trends, and are very eager to move into a better form of digital economies. I couldn't be more excited for where they are taking this. + +Today is Wednesday, May 25th, 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: **$90.03 / 83,98 €** *(volume: 1773)* +- 🟩 115 minutes in: $89.74 / 83,72 € *(volume: 1674)* +- 🟩 110 minutes in: $89.73 / 83,70 € *(volume: 1671)* +- ⬜ 105 minutes in: $89.14 / 83,16 € *(volume: 1294)* +- 🟥 100 minutes in: $89.14 / 83,16 € *(volume: 1286)* +- 🟥 95 minutes in: $89.24 / 83,25 € *(volume: 1286)* +- 🟥 90 minutes in: $89.30 / 83,31 € *(volume: 1222)* +- 🟥 85 minutes in: $89.57 / 83,55 € *(volume: 964)* +- 🟥 80 minutes in: $89.84 / 83,81 € *(volume: 948)* +- 🟥 75 minutes in: $90.46 / 84,38 € *(volume: 671)* +- 🟥 70 minutes in: $90.48 / 84,41 € *(volume: 553)* +- 🟥 65 minutes in: $90.61 / 84,52 € *(volume: 522)* +- 🟩 60 minutes in: $90.67 / 84,58 € *(volume: 451)* +- 🟩 55 minutes in: $90.66 / 84,57 € *(volume: 448)* +- 🟩 50 minutes in: $90.62 / 84,53 € *(volume: 427)* +- 🟩 45 minutes in: $90.58 / 84,50 € *(volume: 406)* +- 🟩 40 minutes in: $90.52 / 84,44 € *(volume: 404)* +- 🟩 35 minutes in: $90.50 / 84,42 € *(volume: 377)* +- 🟩 30 minutes in: $90.48 / 84,40 € *(volume: 335)* +- 🟩 25 minutes in: $90.35 / 84,28 € *(volume: 289)* +- 🟥 20 minutes in: $90.22 / 84,16 € *(volume: 215)* +- 🟥 15 minutes in: $90.28 / 84,22 € *(volume: 215)* +- 🟩 10 minutes in: $90.29 / 84,23 € *(volume: 182)* +- 🟥 5 minutes in: $90.25 / 84,19 € *(volume: 177)* +- 🟩 0 minutes in: $90.32 / 84,25 € *(volume: 74)* +- 🟥 US close price: $89.15 / 83,16 € *($90.11 / 84,06 € 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 1.072. 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! +Greeeeeeeeeeeeeetings fellow autists + +To be honest, I'm impressed you've gotten this far. That's a lot of words in the title. I've noticed an unprecedented influx of idiocy into this sub lately, but also a lot of quality explainers, so I wanted to add my two cents. TL;DR - this is a post about credit agreement and bond covenants and their impact on equity pricing (and how **you** \- yes, you in the back with the helmet on) - can use them to your advantage. How the fuck do I know about this? Well, I write 'em for a living. Interested? Read on. Want a ticker? Get fucked. I get charged out at $1500 an hour to explain this shit to CFOs and hedge fund managers, so be grateful I'm here to explain it to you *gratis*. Don't worry, we're going to do a practical example at the end - you can do what you want with that information. + +Ever wonder where money comes from? Hurr hurr printer goes brr, I know. But where **companies** get their money from? Well, there are four main sources of cashflow. (1) Sales (2) Equity (3) Bonds (4) Debt. OK maybe at the moment the Fed makes 5 (but not really). Let's get started. + +**Fundamentals** + +**(1) Sales.** This is the basic corporate calculus - make shit, sell shit, receive money from the people who buy shit. Some companies don't even have to do that (looking at you, $APRN). (**2**) **Equity.** A bit like (1), but instead of making shit to sell, you cut off pieces of your company to sell to either public or private investors (psst. these are what your options give you a right to buy and sell) So far, so simple. Easy, right? Well, we're not here to talk about that shit. This is AP debt instruments, retards. That JV shit is for r/investing and for the r/all normies. (3) and (4) are what heavy hitters care about (and where you can get something of an edge). + +**(3) Bonds.** No, not the iconic Australia underwear brand your wife's boyfriend wears. This is where you issue - either privately or through a public placement - long or short term debt instruments (bonds, notes, paper, whatever - it all means the same shit) to the market. It's basically an IOU from the company. The hook is that these sell for less than they're worth (called 'par') - and also generate interest (called a 'coupon'). You sell a promise to repay someone $100m in 7 years for $99m, AND you promise to pay them a coupon on their investment. Plus, they can trade 'em. Literally can't go tits up! The [u/1R0NYMAN](https://www.reddit.com/u/1R0NYMAN/) of corporate credit instruments. Why would a company do it? No need for pesky banks - and you can do it quick and dirty for when you need money now for that new Gulfstream the CEO's been eyeing. **(4) Debt**. Where most of the real money comes from. This is where a bank and a borrower who love each other very much get together and agree to lend money for a fee on certain conditions. Sometimes it's two banks. Sometimes, for the more adventurous borrowers, they invite a whole syndicate of banks into the party for a fiscal gang-bang of epic proportion. They spread that risk around like your wife's boyfriend... well, you get the idea. You use this option if you want more money over more time with more flexibility than in a bond offering. + +**The Rules** + +Anyway, so (3) and (4) are in great big beefy documents hidden at the back of 10-Ks that noone other than me and hedge fund managers ever read. Spoiler alert - I am not going to explain things like the difference between a TLA, TLB and revolver to you, or talk about secured and unsecured debt. Loads of the fucking rules in them don't matter (don't tell anyone - this is what keeps us in a job). Google it if you're interested. **However,** one section \***does**\* matter (a lot). They're called 'negative covenants'. Negative means negative. Covenant is a fancy word for 'rule'. See, the way these documents work is that they're drafted to say 'You're not allowed to do anything EXCEPT for the following'. The neg covenants are the exceptions to the rule that you're not allowed to do anything. + +There are a bunch that are normal, practical rules. Can't change shit about the company **except for shit that doesn't matter**, can't sell your shit without telling the banks **except for shit that's really cheap**, can't buy stuff **except for stuff you need**, etc. The big one for our purposes is called INDEBTEDNESS. This is the rule that **you can't borrow more money, except....**. And this is where WSB can come in. + +Banks are like women. They like exclusivity. They don't want to give it all up on the first date expecting you to hold them dear and true for the next 5-7 years and then see you out on the town 6 months later with some slutty direct lender. They feel... shame. And also like that there is a risk that you won't be able to pay \*them\* back. See, most of what companies actually spend money on is debt service. The interest and fees and shit stack up fast (especially when the company blows its load on some shitty acquisition straight away). So when you can borrow \*more\* money than you should be able to, your balance sheet can get ugly fast. Good money after bad, etc. - especially with companies than aren't cash-flow positive to begin with. This raises the risk of default. This can downgrade the credit rating. **This can change the stock price.** + +Now, for the last 10 years, noone has really given a shit about the possibility of default because debt has been so free and easy to access. Stonks only go up, they figured, so what could go wrong? Charge a fee, sell the risk to some dicey Chinese banks who don't know any better, see ya later. But now with this Corona-shit, people feel like maybeeeee they're in a position where an already dicey lending proposition to a company without consistent cashflow and that company is about to issue some new bonds. And the syndication market is dead. So, problems. If you have big holes in your indebtedness covenants, you can utilize them to incur additional debt - which \*sometimes\* you can use for good, and sometimes you can just use to pay off your existing bad debt - kicking the can down the road. Obviously, this is bad for a company's long term health - but the CEO will be long gone by the time this matters, so who gives a shit, right? + +Now you kinda need to be at a level above the average r/wallstreetbets user to wrap your head around what the docs say. They're pretty complicated. BUT, what even you can do is read a 10-K. Let's do an example together. $SIX. + +**Example to work through** + +$SIX is a shitty company. They're pretty highly levered. They've got lots of debt outstanding. In fact, they've got some bonds due pretty soon. Big, expensive bonds. Look at the financials. Lots of interest. Plus, they've gotta pay it back. Soon. In fact, $1 billion cash money in July 2024. Bad news for a company with no fucking cashflow for the foreseeable future. Divorced dads not taking little Janey and Johnny to Six Flags over Georgia for the annual 'Please Don't Hate Me For Leaving You' trip anytime soon. So what does SF do now? They don't want to default on that payment, or they'll go bankrupt. They look at their loan docs - remember, the baseline is \*no more debt except for the following\* - to find a way to borrow \*more\* money to pay these off. Robbing Peter to pay Paul. + +If they have a freebie basket (an exception that says they can borrow money for any reason up to 'X'), then they're in luck. If they can incur 'accordion' debt, even better - this is extra debt on top of what they've already got outstanding at a similar level of seniority. This is subject to certain protections but whatever, the important thing is getting the monkey off their back. They can also combine this with, more complex baskets in a feat of linguistic gymnastics that would make Hilary Clinton blush to borrow money to pay off their other outstanding obligations. If they don't, well, that's bad. + +Have a go. See if you can figure it out for yourself. Can $SIX do it? If they can, great! No bankruptcy! if they can't, well, bad times ahead - and a big short opportunity for you. + +For those of you who've read this far, here's a neat trick - you don't even need to read the fucking Credit Agreement. All this shit is in the 10-K under 'Debt Obligations'. They put it all there in black and white for you to find. + +**How you can do this too; the TLDR of the above** + +Find a bad company. Read their 10-K. Look for bond debt expiring soon. See if they can incur debt to pay it off. If not, short the shit out of them on a 6-12 month basis. Get tendies. Repeat. + +**EDIT.** I will do a follow-up later in the week if anyone has a specific question interesting enough to justify me pissing away more of my clients' money on Reddit. + +**EDIT 2:** I will do a covenant analysis of the most upvoted ticker suggestion below with an explainer. + +**EDIT 3:** Many of you have asked for book recommendations to learn more about my autism. I suggest *Lectures on Proust from a Soviet Prison Camp by* Józef Czapski, *Under the Volcano* by Malcolm Lowry, *Moby Dick* by Herman Melville, and *Blood Meridian* by Cormac McCarthy. That shit will teach you everything you need to know about markets and life. + +**EDIT 4.** $CCL is the winner. I’m going to put up the post tonight at about 8:30pm ET. Tune in tomorrow from 3pm ET for a full covenant analysis and live AMA in the comments. + +**EDIT 5.** Turns out $CCL are loaded to the tits with Euro debt. As I’ve explained in the comments, I’m a patriot, and accordingly I don’t fuck with European bonds or facilities. NY law ride or die. So we’re doing $SEAS instead. You’re welcome. + +**EDIT 6.** Here it is. https://www.reddit.com/r/wallstreetbets/comments/fplquv/something_fishy_fuzzys_seas_covenant_breakdown/ +Accidentally spent most of what little money I had on gas by not paying attention. What food can I buy that will get me through the week for less than $10??? I know beans and rice is the easy answer and I'll do it if I have to, but pinto beans are one of my least favorite things in the world. + +----------------------------------------------------- +Edit: Thanks for all the replies everyone! You've all been an amazing help! After getting home from work I realized I have a large container of coins I've been saving for quite awhile. There's easily $20 in here that will make this week much easier on me. (All though I'll admit I'm not super excited to be paying most of my grocery bill in quarters.) Once again thanks for everyone's posts! I'll probably follow some of your advice even after I've been paid because fast food has been the death of me. I probably wouldn't be in this mess if I didn't eat out so much! I can't go back and see how much I've spent on fast food because I usually pay in cash, but I'm sure my budget would be closer to $100 if I had made more home meals. +—-------------------------------------—--------- + +Edit 2: You guys are going way above and beyond!! I'm being bombarded with all these great ideas that I'm actually starting to get a bit excited for my coming week if you can believe it. This community has blown my mind with how helpful everyone is, I've even had a few different people offer to send me extra cash which is absolutely insane to me! I think with my extra change I realized I had I should be O.K, so I'm not going to accept anything... Like I said earlier my dread for the coming week has transformed into excitement and hopefulness for the future so Thanks to everyone again! + +P. S +Tomorrow I will be going on my fateful grocery trip. If anyone is interested I'll post some updates along the way and throughout the week. +**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. +Key notes: + +\- Trailed the Market by 5.5% + +\- When adjusted for the risk they trailed the benchmark by 10.3% + +\- **0.1%** of day traders earn large alphas of about 38 basis points. + +\- 50% of day traders stopped within 2 - 50 days (ROFL) + +\- Traders that traded more often were less likely to be profitable. + +\- For those that traded for at least 300 days, 97% lost money. 1.1% earned more than minimum wage. 0.5% earned more than a bank teller's salary. And the *single* best one only made $310 per day or $113k annually. + +You -->> "But..but...but what if I will be one of the .1% + +This is gambling. Don't get scammed on your YouTube ads for day trading. + +Souce: Ben Felix - The Truth About Day Trading (Youtube Video) +My gf was the only motivation I had and it seems she will break up with me soon. + +I've been doing and I'm still working and doing overtime non-stop like a slave without buying anything for me, just for her and sending all my money to my inverstment account for thetagang strategies to be able to quit my job in 5 years and retire. + +&#x200B; + +And now what? I see no point in life now. Maybe I die soon without girlfriend and without having been able to enjoy of my money, everything will fade away like dust. + +&#x200B; + +**What's the point of making money if you can't share it with the people you love?** +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. +As always, this is not financial advice, just the confused ramblings of a crayon-drunk ape (I found the 64 pack my mum bought me as a wee baby ape, the range of colours tastes amazing but I'm starting to see floating pandas...). + +***As a preface to this post, I am not an Americape, and so therefore may not fully understand US politics. However, here is how I as an Outsider see things playing out*** + +As we all know, GME is not a US-only event, but a worldwide movement. Multiple posts to this subreddit have highlighted the levels of international investment in the super stonk (for instance the numbers coming from Korean Ants, plus Mr Diamantenhände themselves, u/DerGurkenraspler), and looking through the comments there are plenty of Canadian, Swiss, UK, Australian, even Kiwi apes (myself included). But what does all this mean for the US Government. + +Well, what it means is that when the squeeze has squoze, **MONEY WILL BE TRANSFERRED FROM THE US COMPANIES OF SHITADEL, MELVIN ETC AND INTO THE HANDS OF APES AROUND THE WORLD.** + +Now for those of you who are too smooth-brained to comprehend the implications of this, let me spell it out a little bit for you. Shitadel's main headquarters is based in downtown Chicago (as the weekend and late-night light shows posted have illuminated). Now I admit I am probably jumping to a few conclusions here, but that would imply that at least some of Shitadel's money is stored and circulated through the US economy. Furthermore, GME is currently listed on the NYSE and the S&P600, both US entities. This means that for any GME stock to be traded, money must at some point enter, or more importantly for this post, **leave** the US economy. + +But /u/Ae0nwolf, I hear you screech through the pain and pleasure of another delicious banana entering your anal cavity, why would that mean the US Government won't interfere? Surely if the money has to go through the US economy, they would throttle any mooning before it occurs? + +Now just wait, I'm getting to that part. But first, I need to explain a very important and often not talked about factor in this saga: + + + +**THE US NATIONAL DEBT** + +As of writing, the current levels of the US National Debt sit around US$28.35T (that's *TRILLION*, with a T, as per this site https://www.usdebtclock.org/). This equates to roughly 128% of the current GDP of the US of A. What that means is that if the US Government were to stop all spending, and sell every last available asset, service and crayon it had, **IT WOULD STILL NOT BE ENOUGH TO PAY BACK ALL DEBT OWED**. Now my Americapes, no need to fear just yet, this is actually more common than you think. In fact, the majority of the world runs on a series of loans between each other, so no need to start hoarding toilet paper and gasoline in plastic bags just yet. However, if there were to be a sudden drop in the US GDP (say, if a large amount of tendies were to leave the NYSE and US-based SHFs and into the hands of international apes), then the ability of the US Government to pay back this debt dramatically decreases. And as we have already established, the MOASS is a near certainty, which will lead to this exact event from occuring. + +So how does this all factor in to the US Government and their willingness to let this all play out? Well, here's where I'm going to hopefully add a wrinkle or two to your primate frontal lobes. See, the MOASS *will* lead to a large amount of capital leaving the US via the NYSE. And the only way for that money to make it's way back in a large enough amount to rebalance this loss, will be for international apes to ***REINVEST THOSE TENDIES BACK INTO THE NYSE***. Now I know a number of apes have already sworn this will not happen no matter what, due to legendary HOC Parts I-III DD (credit to /u/atobitt for that amazing insight into the way the markets have been manipulated since forever), but in order for what little trust in the US stock market is left to be maintained, there must be **NO DIRECT INTERFERENCE FROM THE US GOVERNMENT IN THE MOASS UNTIL AFTER THE SQUEEZE HAS SQUOZE**. If there were to be *any* fuckery by the US Government on behalf of the SHFs, trust in the US Stock Exchanges will fall to unrecoverable levels, most likely bankrupting the USA and plunging the US Economy into a collapse worse than that of the Great Depression. I mean, even if there is no interference, the level of fuckery by the SHFs in the market as it stands will likely lead to a 2008-esque recession, if not worse, so for things to be even worse than that, I hardly want to imagine. + +So in short, if the US Government were to interfere in the MOASS, trust in the US Stock Exchange will collapse, leading to Great Depression Part 2: Electric Boogaloo. + +TA/DR: US Govt owe many 🍌 +MOASS mean many many 🍌🍌🍌 leave US Economy +US Govt intervention = no more 🍌🍌 given to US +US 😢😢😢 +Therefore no US Govt intervention, or else US ~~🍌~~ 😢😢😢 + +***BUY. HODL. VOTE. 🚀🚀🚀🚀*** + +Edit: One point I did also forget to make, but is worth mentioning as well, is what the US Government stands to GAIN should the MOASS happen. As the Panama Papers and various other examples have shown, the SHFs and major companies absolutely loathe paying taxes, to the point where the majority of their wealth is stored in off-shore accounts and investments, thus making them untaxable in the eyes of the US Government (You can argue if you want whether or not the US Govt facilitates this/turns a blind eye or whatever, I'm not getting into that). However, should those tendies suddenly end up in the hands of Apes who have been paying taxes their whole lives, as in many cases directly benefit from their taxes being spent on the likes of new infrastructure (hahahaha good joke), there is a high likelihood that those apes would be more than willing to share their tendies with their fellow citizens, and are more likely to pay their taxes fair and square. This would open up a vast influx of wealth to the US Govt, and whether they have good intentions for that money or not, either way they certainly would like to get their hands on tax revenue that has for many years avoided them. In that sense, them allowing the MOASS to occur could actually directly benefit them, and that's not even taking into account the increase in indirect taxes such as GST that they will receive from all the Lambo sales... +The ratio of working to retired people in the Western World has declined from something like 5 or 6 to 1 in the 60´s to 2:1 now and will reach a 1:1 ratio in 2050. Pensions/Social Spending allready acount for around 1/3 of state expenses - by 2050 this share will increase to 2/3. This is unsustainable. + +Pensions age will be raised to 70 years by 2030 and god knows to what age after that. Immigration is no sollution because the immigrants will get old as well and one would need more and more people to keep the system going. How can anyone believe that there will be Pensions in the future? They will simply become unaffordable. +Just wondering why everyone evaluates O so much higher them MAIN. Today O is down 1% MAIN up 1.5%. I know a weekly or daily trading average means almost nothing, but it’s interesting. Ideas, thoughts!? +I’ve been trying to calculate...would it be possible to retire in X years (obv depends on CoL and other factors, but let’s say an annual income of about $75k/yr in dividends...). Would this be possible in 15 years? + +If not, what is an average amount to expect? I know this question is vague. I’ll try to edit and update with any necessary information you guys request. + +Edit: Thanks for all the input so far guys. I’ve also wanted to add that the contribution amount currently is set at around $1500 per month but will surely increase in the next few years as my salary will as well. Currently I have a TC of 280k and will be aggressively contributing to real estate ventures for now. Once that stint is over (next 1-2 years should finalize purchases and renting) I should be able to contribute more. + +Edit 2: I do also max out on my 401k, I’m not able to really move any of that around and that 12.5% company match is sweet as hell right now + +Edit 3: In 2 years I can bump up the contribution to around $3000 monthly. This should at least put a dent into the performance over time IMO. At a conservative guesstimate of just amassing the base amount it seems to come in (using an annual range of 13 years since 15 - 2 = 13) at about, or at least I came up with about - 400k. +I’m looking for any advice on what stocks to buy for long term investments. I have 10k invested currently. In a year I’ve seen around $1,500 in growth on my account. Not sure if that’s a good amount but I take it as a win since a savings account barely gives any interest. My investments include AIV, TSLA, PFE, VOO, OMP, MAIN, AAPL, IRCP, ARC, SCHD, and another like 12 stocks. Sometimes I wonder if I may be invested in too many things is that possible? Not everything I invest in is for dividends of course. Any suggestions or if any of you like to invest in any that I listed I’d love to hear your advice. I’m mostly trying to grow my money for retirement so I do not have to depend on anything else for that. I have only touched half of my savings to invest and have the other half put away as I still feel like I have a lot to learn. +Edit: my dividends automatically reinvest themselves +I've been pretty interested in dividend investing and feel like it is definitely my kind of investing. I'm 22 and have managed to invest $9k in a dividend portfolio that I created. I'm looking for some advice on my portfolio and would love to hear your suggestions and thoughts. + +View my portfolio here: [https://m1.finance/IRvQ1LjkMWAz](https://m1.finance/IRvQ1LjkMWAz) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO0OxGPyMF98UxWrWWyRrT9y3iBNGSbBbbBGZFRcds9b6sAs8OB4vtd2G0OSwDLO +We do exist! 24-year-old finance graduate working and living in London on £20k. I’m managing to save £200 a month (~15%) of my income but a huge chunk of my wages go out on rent and bills. Aside from getting a pay rise (which should happen soon, and I have joined a company on a CIMA apprenticeship so long term gains hopefully) any advice on next steps? Thank UKPF! +Traders at one large op­tions mar­ket maker said they spot­ted a pat­tern in which a re­tail or­der would be posted on an op­tions ex­change and can­celed al­most in­stantly. Then, within about two mil­lionths of a sec­ond, an­other or­der would be posted—iden­ti­cal to the first ex­cept for slightly dif­fer­ent price terms. Next, be­fore any other firm could re­act, some­one would swoop in and trade against the new or­der. + +The traders at the large mar­ket maker, who shared their analy­sis with The Wall Street Jour­nal, said the pat­tern re­peated it­self up to 15,000 times a day and per­sisted for months. They con­cluded that a ri­val was en­gaged in a sig­nal­ing strat­egy, pass­ing in­for­ma­tion be­tween two parts of the same en­ter­prise that are sup­posed to main­tain an arm’s-length re­la­tion­ship. + The last 3 months have been the hardest to hold because that’s where the most uncertainty was but after these gruelling 3 months, the amount of brilliant and well researched dd has forged under extreme pressure, true diamond hands that the world has never seen. **People keep saying how it’ll be so hard when we squeeze to not sell but fuck that noise. Pffft 1k? 5? 10k? 100k? Really??** Anyone here from the first drop doesn’t even flinch because **we all know what the stock is worth**. I’ll be most relieved when we squeeze because I’ll know for sure it’s happening now and it will be the **EASIEST** and **ENJOYABLE** thing **I EVER DO IN MY LIFE** to sit back, have a sigh of relief, and see the numbers blow up to my xx,xxx,xxx floor while I play some games, go out, and chill. + +No one knows how high it will go but the data, metrics and sub will show how high we’re getting and I’ll sell when I see **LIFE CHANGING NUMBERS. Not 1m. That was last month. 10,000,000m+ easy.** If it doesn’t reach that high, I’ll wait till we **reach the peak with the given data and sell at and on my way down and still easily make more than 1m a share.** + +The best counter dd that shills have right now to PhD level dd and deep research in this sub is **“IF YOU DON’T SELL AT 1M, YOU’LL BE A BAG HOLDER”** Typical fear tactics but that’s **gotten old and boring.** Had they had any position or dd of actual worth, the brilliant minds in this group would have surely caught it and said, actually no it won’t work out because xyz and share a shitload of data too. Where’s their counter dd? **Why just fear tactics??** Because they’re truly in a fucked position with **no leverage.** Remember who they are. + +Just think, these guys have **BILLIONS** of dollars to manipulate and the **smartest people in the room** and the **BEST** that they have to combat the information and situation here is to not hold the bag when literally institutions could all sell (they won’t) and they would still have to buy retail’s share at our price several times over. So no, **we won’t be holding the bag unless you’re literally ignoring all the metrics and data and this sub (but why would you? You made it this far on data, you’d surely use it when the squeeze comes) or just completely miss out on the squeeze altogether by not watching it.** + +That confirms my bias so delightfully. If they had **any angle to get in,** I’m sure in the last 3 months, they really would have already found one. **They still haven’t.** They have near **unlimited resources** but it just shows me how much leverage we have in this special position. I don’t think anything like this will happen again and you’re mistaken if you think I’m going to miss this ONE opportunity to change my life and millions of others potentially. **My job is easiest thing I’ll ever do.** Relax, sit back, **do literally anything or nothing at all** and simply wait till I see a phone number and if **by chance it doesn’t reach as high as I expect, sell at the peak based on data and metrics and still make a HUGE fucking killing at the peak.** Feeling grateful to be a part of this with fellow apes. 😌 + +If you’re going to shill on my post, put some effort into it at the least and post some counter dd or data because that’s the bare minimum here. **Telling people their bag holders when you’re a literal fucking nobody just makes me laugh**. If that’s your position, **PROVE IT**. Otherwise you’re simply worse than those who only comment 10m,20m,50m,100m,500m floors because at least all those numbers are **BASED ON DATA**. But I doubt you will because you’re a dumb fuck shill who’s out of your depth and pay grade here. If **you were wrong about 100, 1000, 10,000, 100,000**, the fundamentals never changed. **2 + 2 will always equal 4**. **The same as 2m+2m will always equal 4m**. + +**APES NEVER LOSE BY AIMING FOR THE STARS AND AIMING HIGH**. But why do you think they FEEL SO THREATENED BY IT? **because we set the price and if enough of us want that and think we deserve it, we’ll surely get it**. THATS HOW WE EVEN REACHED 10,000,000 in the first place. Because we read the dd, the setup is there, **THIS WHOLE SITUATION IS “unbelievable” AND “unrealistic” YET WE’RE HERE.** + +Retail is getting more confident and realizing that what we have is worth tenfold more than gold. THATS WHY THEY’RE TRYING TO CREATE **FEAR, UNCERTAINTY, AND DOUBT ON PRICE** AND NOT **ANY OTHER METRIC IN THE DD**. BECAUSE **WE ULTIMATELY SET THE PRICE**. That’s why they get so incensed when people post 10,000,000, 20,000,000, 50,000,000 floor and call them out as unrealistic but **what’s unrealistic about this whole scenario**? **Hedges set themselves up for INFINITE LOSS.** They knew this going in. If anything, **THIS IS 100% REALISTIC BECAUSE THIS IS THE REALITY, WE’RE LITERALLY LIVING IT.** But they’ll use your n**egative bias** and **poor ness** to **convince you** otherwise. **That this is too good to be true.** But when has anyone in your life needed to convince you of that THIS HARD? The fact is you **don’t need to “believe” anything**. **THIS ISNT EVEN ABOUT FEELINGS.** The **data is there** and it’s been **continually proven over the last 3 months.** If you still can’t believe the reality we’re living right now in front of your eyes, **it’s because you believe you should stay poor or that you don’t deserve great things.** + +**WHETHER YOU BELIEVE YOU’LL BE RICH OR NOT, YOU’RE RIGHT** and your life will play out according to your beliefs. For most here that are a product of the first drop, I know you do believe. I know you’re hard fucking core for holding till now and you’ve earned your stripes. You know you deserve it and you’re going to get it come HELL OR HIGH WATER. This is probably more for newer users coming in. Either way, this boat is about to close and whoever paperhand only hurts themselves. **We have no obligation or need to worry about anyone new coming in because truthfully, you can lead a horse to water and they could never drink.** It’s not our job to convince you **BECAUSE IF YOU REALLY WANTED TO CHANGE YOUR FUCKING LIFE, YOU WOULD BE ABLE TO IDENTIFY THE OPPORTUNITY HERE. The information is all here for you.** + +If you think the data here is “unrealistic” when the **reality literally shows that it’s perfectly realistic because we’re living it right now**, if you can’t **believe the dd**, or the **fundamentals**, or **dfv**, or **RC** and the fact that the **WHOLE BOARD** is being **paid in shares** because they **BELIEVE**, or Short hedge funds fucking the world up like they did in 2008 again NOW and why they fucked themselves, than in a honesty sell or paperhand or don’t even get in this because **you deserve to be poor because you have a poor mentality and outlook on life and no one here, can change that besides YOU even when all the signs and information is staring you right in the face.** + +We’re all here because we believe in it and we want to be rich to say the least. And those **who believe it, will achieve it. No one here can convince you of anything unless you let them.** **Unless it falls in line with your beliefs.** It’s easy to **spot shills** because they’re **convincing you that you should lower your worth or goals.** When any **normal person** here gives **no fucks if you aim high**. In fact, they would be glad because that drives how high we actually do squeeze. No matter how far we get, aiming high has never been the WRONG thing to do in an infinity squeeze. People talk about holding the bag is all **fear, uncertainty, and doubt**. Hell, I’ll hold for **100m and aim for that peak** but that **DOESN’T MEAN IM GOING TO IGNORE THE DATA AND SENTIMENT AT THE PEAK. I’ll sell at the peak but I lose ABSOLUTELY NOTHING AIMING HIGH. Shills have EVERYTHING TO GAIN WITH YOU AIMING LOW**. + +We all know what happens in life when someone tells you that you can’t do something or you won’t be able to make it. The assholes in life. That’s who these people are and they’ve been **continually wrong about you and about “reality”.** What would you ever stand to gain from them? I’m going to keep my head down and keep going. **Because this is my life and my belief is stronger than their doubt** simply because the **information** is **absolutely in my favor**. I’m sure many of you had moments in your life where someone said that you wouldn’t ever do xyz and you did xyz and more and you were probably so relieved and thankful that you didn’t believe in them and just held on. This time, you have role models who believe just like you eg. DFV, and Ryan Cohen, Michael Burry. **These people waited years and BELIEVED IN THEMSELVES and were right .** + +**Now it’s your turn.** We’re all being tested just like them but at least for us, we have role models. **They didn’t have a community or a million army of brilliant minded apes which makes their resolve all the more impressive.** + +The fact is, **we’re all in this individually** and that means at the end of the day **with or without the dd,** you need to make a **simple decision** just like the brilliant individuals above who are **still winning and set to win big.** **Will you believe in yourself and hold** or believe in others who give no fucks about you and sell? **We’re all going to sell but at OUR PRICE**. **Know your worth**. **Know what you’re holding the most valuable thing in the world right now.** This is going to be **THE defining moment you look back on the rest of your life**, all numbers aside... just make sure you **don’t sell yourself short**. Either way, this **rocket takes off with or without you**. Godspeed. + +I’m real excited for these next few weeks. I can finally feel my anxiety starting to ease and feel less tense with all the new dd, updates and research coming up. As always, hold fast. We’re in the final stretch. **No matter how long it takes, the fundamentals never changed and the shorties are running out of time.** 🦍 🦧 +Hi everyone, + +First, I love this Reddit sub. Not so crowded, good talks, THANKS! + +I am looking to diversify on more risky assets. + +What are your thoughts on AGI and OPCT and if you have some objective elements to demonstrate they are solid/not solid (team, techno, etc), I am interested ! + +Thanks :) +Missed your chance for incredible gains with SafeMoon? FastMoon launched less than an hour ago, and it's been painting a most beautiful chart. Can you really say no to this [beauty](https://imgur.com/K5VXtjo)? + +Contract Adress: +https://bscscan.com/address/0x869dd7a64afbe5370a8c591d9b8650be60c0b8f6 + +BUY: +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x869dd7a64afbe5370a8c591d9b8650be60c0b8f6 + +Total supply: 1,000,000,000,000,000 + +MAX TOKENS PER TRANSACTION: 5,000,000,000,000 + +Supply Burned: 47% + +Pancake Swap: 50% + +LP BURNED: 100% + +**Reflection** + +4% of all trades are redistributed to $FASTMOON astronauts. +4% is locked in Liquidity Pool FOREVER! + +So make sure to set the slippage to at least 8,5-9% + +**FAIR LAUNCH** + +ONLY 3% OF TOTAL SUPPLY DEV TOKENS + +**NO PRESALE** + +Website: https://fastmoon.finance + +Telegram: https://t.me/FastMoonFinance + +Twitter: https://twitter.com/FastMoonFinance + +Medium: https://fastmoonfinance.medium.com/ + +**Soon:** + +Whitebit and Hotbit listings coming + +CMC, Blockfolio and Coingecko listings coming + +Smart Contract audit with chainsulting.de planned +A little thought experiment that I had, so I’m trying to impress some northwestern college girl, and I have a horribly volatile portfolio, I mean insane swings, if I showed this portfolio to this college girl, would she think I am a badass risky guy who puts everything on the line? Kinda like a bad boy? Would she be more attracted to me? +Hi, this is a throwaway account. + +I work at a hedge fund that pays a meaningful amount of compensation in deferred - the money is put into the fund and then paid out 50% next year and 50% the year after that. The fund invests in bonds, or close enough. I am 29. Deferred comp is paid out if you quit, are fired but not if you join a competitor. + +I just got paid a lot, so my assets look like this: + +$700k post-tax cash compensation (coming in February) + +$450k taxable equities + +$150k 401k / IRA - in equities + +$220k LP stake in the fund + +$800k pre-tax deferred compensation + +If you ignore the cash for a second, my equity/bond split is roughly \~75% / 25% ($450k + $150k vs $225k) which feels about right. If you count the deferred compensation without factoring taxes, it's 37% / 63% equity/bonds! Even counting taxes, gets you back to \~50/50. + +I guess my question is: would you allocate the cash to get to my desired equity/bond split assuming the deferred comp is 'real', or would you ignore it? + +Thanks. +Card is already cancelled. I'm 90% sure it was done at a specific restaurant where the card was out of my site for payment. Whoever stole the card used it to prepay online for their nail appointment. I thought about alerting the nail tech and the restaurant, but not sure if it's a good idea + +Edit: After reading the comments, I decided to call the police instead of the restaurant or nail tech. I spoke to a very helpful officer that explained how CC fraud works and what the potential scenarios are. A person committing fraud could have gotten my info months ago and chose a random business close to home so the bank wouldn't pick up on it. It could also be the hostess but who knows? The bank and the police can investigate from here. +A lot of us are feeling the pain. Not only in GME but in most of our stonks. The Nasdaq was up almost 2% at its high today to get pummeled in the last half of the day to a loss of 1.3%. 3.3 trillion dollars worth of options expire tomorrow!! Trillion dollars yep . . . that is right!! I don't even know how many 0's are in a trillion . . . but it is a shit load!!! + +&#x200B; + +https://preview.redd.it/snq4jn1kswc81.jpg?width=690&format=pjpg&auto=webp&s=8b59667cd7abb13ffb4bb8c3ce3d3b2f58a1c07d +I had an amazing therapist from Stanford for the last decade who is now retiring. I would say having that therapist/mentor has been my multiplication factor in life. Can anyone recommend a good therapist for high NW individuals; telesessions are fine as well. + +And for who ever is wondering, I've tried regular therapists, but trying to get advice from someone whose clientele are a bunch of suburban moms and makes $60-120k hasn't been beneficial. +Hi Reddit! + + I started a small business a few years back, and its been pretty successful. I went through my life as soon as the money started rolling in, and cleaned a bunch of stuff up: + +1) Paid off mine and my wifes credit reports and student loans + +2) Paid off both of our car notes and own both of them outright + +3) Paid back all our debts, public and private + +4) Started paying all my bills with a dedicated bank account that has 3 months of bills in it. (My safety net) + +5) Filled my house up with all the amenities and tools that my wife and I have been wanting for the last 10 years. + +Now that all my ducks are in a row, its time to start hoarding some coin for our future, but the problem is I have absolutely no idea what I'm doing. I watch financial news reports on CNN and MSNBC and I swear to god they might a well be speaking in Sanskrit. I looked around online and found a billion different people all saying they know the secret to investing, and I cant tell the shylocks from the con men from the legitimate advice. + +Where do I start? Where do I go to learn how to manage my retirement at the age of 40? I know I should have figured this out years ago, but I was dirt broke and living paycheck to paycheck back then, and this is the first time Ive ever been anything but a dirt poor farmer. + +Any suggestions? I have about $5000 every 60 days I can stash and Id like to make it grow. + +Thank you very much. + +EDIT: Holy sheep shit. I came back from working and found like 90 replies. Thanks guys! Im sorting thru it all now. + +EDIT: Stop sending me PMs and telling me to show my father some respect. Ive recieved dozens of them. To be clear, calling someone a redneck isnt disrespectful where I come from: it means your a hard working bad ass mother fucker. +Hey UltraArmy! + +**CMC listed!! Times Square Broadway Billboard Live! Planes moving, banners popping up! Marketing is live! 8.8m tiktok influencer coming shorting!! Jump on before his post!!** + +First and foremost If you are new I would like to invite you to join 35,000+ Holders and growing in this wonderful coin of the future. With fear at a all time high, it has never been easier to pick your next investment. Why? Well because investing into a coin marketing off of security and safety is more brilliant than ever. Simple. Safemoon has reached its success off selling the idea of safety. But, SafeMoon isn’t as safe as it’s all cracked up to be. We are here to put the product behind the name. With 2 audits completed showing higher safety ratings then SafeMoon, we think you’ll agree that we are where your investment should be. + +As a fully rug-proof token, Ultrasafe has all liquidity locked for 79 years, contract ownership renounced, and an official audit completed by Solidity and Certik. We are officially SAFER THAN SAFEMOON. + +Ultrasafe's tokenomics allow for 4% of every transaction to be distributed to the liquidity pool and 4% to be reflected among holders. Whale wallets are also extremely small compared to any other token. + +What's making me most bullish about this coin is the seemingly very well-connected team, who else does a CG listing at launch? They're following through on promises, the whitepaper actually showed where money is going, they seem to know what they're doing and have connections, no gimmicks, constantly getting the coin added to new platforms, complete transparency with their goals and a clear roadmap for success. + +- Listed on a Centralized Exchange (LBank) + +- Broken multiple world records on BSC and has already gained over 33k+ dedicated holders + +- Listed on Coingecko on day 1 + +- 2 Audits which show that the coin is safer than even Safemoon. 3rd in future plans. + +- Devs doxxed themselves and showed faces during both AMA’s. Future full dox planed, some staff doxed fully on website (unlike some of the coins promoted here that just rug) + + +According to the team, there's multiple things in the works, including: dApp, NFTs, UltraWallet, exchange, merchandise, CMC listing, More CEX listings down the road (already in talks with 3), more AMAs(2 already both wonderful), Influencer and Social Media based marketing, Billboards, Planes, Times Square, outsourced and animated Website v3. + +A “Big Whale’ called Randal has recently invested 500k this week into our project and has insured investors he is here for the long run! Amazing sign of faith in such an early project. + +With so many milestones already reached, the team is already hard at work. They have a new Whitepaper coming very soon, a second audit by Certik is already underway for this week and there's a completely redesigned version of the website that was just launched Wednesday after our AMA.. V3 in the works and coming soon! + +It is currently the best entry point prior to crypto recovery. Come make some money with the UltraSafe community!! + +Important Links: +[PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) +[UltraSafe Finance](https://ultrasafe.finance/) - +[Solidity](https://solidity.finance/audits/UltraSafe/) - +[Certik](https://www.certik.org/projects/ultrasafe) - +[BscScan - 34k](https://bscscan.com/token/0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) - +[CoinGecko Listing](https://www.coingecko.com/en/coins/ultrasafe) - +I work in the Fire Service, had a discussion at work today - someone wanted to opt out of the pension and use the money saved each month to buy a house. + +Personally I don't see this as something I would risk doing - his defence to the argument was the following: + +'Whats to say we even have a pension in 30 years when you retire. You could be paying into it for that long and it could just disappear'. + +I don't really know alot about the pension, but I had assumed that the funds will be protected in a fashion and anything you pay in is 'yours'. + +Any info / advice would be much appreciated. +Over the past few months there have been several posts here either from individuals who fatFIRE'd and were lacking something, or others who are FI and wonder aloud at what RE really would offer them, and still others who are looking for things like board seats, flying lessons, or yacht recommendations. (Okay, maybe not exactly that but you know what I mean). + +Today I discovered that a prior president of the American Psychological Association (1996) and currently director of UPenn's Positive Psychology Center, Dr. Martin Seligman developed the PERMA theory of well-being, consisting of five independent building blocks that are pursued for their own sake (and not a means to an end). + +They are: + +1. Positive emotion, we can increase our positive thoughts about the past through forgiveness and cultivating gratitude, the present through mindfulness and having fun, and future thru hope +2. Engagement, a full deployment of skills, strength and attention; it's the Csikszentmihalyi concept of "Flow" if you are familiar with it +3. Relationships, connection to others, that give life purpose and meaning and contribute to well-being, who we get support from and can be powerful antidotes to whatever is bringing us down +4. Meaning, derived from belonging to and serving something bigger than myself. This can be through various institutions that can enable this sense of meaning (family, religion, science, politics, work organizations, social causes) +5. Accomplishment, whether through the workplace, hobbies, sports, games; we are wired to get things done + +Just sharing these thoughts in the context of being here at fatFIRE. How satisfied are you today? And in which way do these five dimensions of Life Satisfaction are lacking - or are doing well - in your current situation? +Started reading on how people make money off it and if I understand correctly the basic concept is buying a share e.g for 100$ and then there's 2 ways of making money off it. + +1)either by profits from the company (dividends I think) + +2)holding the stock until it gets higher so selling at 120$ for example would give me 20 bucks profit per share. (Please fix me if I understood it wrong) + +Now if I understood the basics of it how do I start from here ? I thought on starting with 500$ and buying a single share of big comapnies like Apple AMD Microsoft and hold to them a year or so to see how it goes and get a better understanding on the market. But i'm asking here before doing anything I might regret later on. + +EDIT 1: Thanks for all the answers. +Sorry for not calling it earlier but I am not a US resident and i'm 21 so still a student in university. However, I am definitely interested in American stocks to buy and hold so that's a bit of a challenge to do since fees look very high in small amounts of money. +So, like many people, we’re unable to sell our flat due to unsafe cladding in the post-Grenfell inspections. + +We’re not having to pay for the recladding, so are more fortunate than some. But the timeline on the proposed fix is maddeningly loose. It will take about 18 months once works start, and the timeline on appointing a contractor and getting going on this has been ‘about three or four months’ away for well over a year now. That’s still the latest estimate. + +The primary problem is that we’re unable to rent the flat out either - the conditions of shared ownership prohibit this. We’re effectively stuck until such time as the work is complete. + +We want to leave London and move to Edinburgh, and not to wait a span of 2 to 4 years to do so, having already waited 2 years. + +Has anyone in a similar situation challenged the terms of shared ownership in these very exceptional circumstances and managed to gain permission to rent the flat out? I’m wondering what experiences are out there before I speak to the company involved (Notting Hill Genesis) + +Thanks! +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Found this great article on the future of the Helium Gas market: + +https://www.marketwatch.com/press-release/helium-gas-market-2021-covid-19-future-growth-expansion-by-manufacture-trending-technologies-sales-gross-margin-comprehensive-research-report-analysis-till-2027-2021-08-13 + +This article details a study and analysis of the Global Helium Gas market offers the latest trends in industry by providing detailed investigation of the historical records and current statistics, + +This report shows that the Helium sector is anticipated to grow over the next 5 years. + +My helium pick is First Helium Inc. ( $HELI.V) which closed in the green today ( up 2.3%) at $0.225 + +An independent report confirmed that this company was $0.23/share so now is a great time to jump in (more info on this report here: https://ceo.ca/heli?84be1306fc04 ) + +$HELI 's MC is currently $14.76M + +What are y'alls helium picks? Anyone else as optimistic about this sector as I am? +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Technically I've been worth 'nothing' for a while if you include the value of my house. But as the house is not exactly a liquid asset this is much more of a milestone toward independence. + +I could, if I wished, pay off my mortgage even if I got fired tomorrow... I'd have to sit in the dark and eat the furniture, but every penny from now is pure independence! + +So lately I’ve been feeling pretty bummed. About a month ago everything was great, I was close to paying off my car after 5 years of that monthly payment dominating my life, and was really excited about the future. Then a guy showed up at my front door and handed me a court summons informing me that Capital One was suing me. I called their attorneys to settle out of court, but the lowest monthly payment they’ll accept is almost as much as my car payment, and it will take 3 years. Such a bummer when I thought I was so close to being relatively debt free and actually having significant disposable income for once so I could save money and do fun things like travel. So now I’m considering filing for bankruptcy. + +Well, tonight I found out that one of my coworkers works 70 hours a week because he is like $350,000 in debt. Another coworker works 50 hours a week and estimates that he will be paying off his student loans for the next 40 years. + +And the thing is, I think most people are in a situation similar to that. Debt is part of the American way of life. But the debt I have is so insanely small compared to most people, and I can work 30 hours a week and still get by, even with this Capital One bullshit. It’s easy to think that people with more money, who seem to be doing better than I am, are totally happy and free, but in fact when people get more money they just go right ahead and accumulate higher monthly payments, and then they have to work even more. My goal isn’t to have more stuff, or bigger better stuff. My goal is to have as much free time as possible so I can do what matters to me, like writing, meditating, exercising, etc. + +Just remember, when everything seems like shit, a slight change in perspective can make you realize that things really aren’t that bad. +Post all your GME-related positions, prayers, memes, stories, ~~death threats,~~ and shitposts here. + +> GameStop (NYSE:[GME](https://www.benzinga.com/stock/GME#NYSE)) reported quarterly losses of $(0.53) per share which beat the analyst consensus estimate of $(0.85) by 37.65 percent. This is a 8.16 percent decrease over losses of $(0.49) per share from the same period last year. The company reported quarterly sales of $1.00 billion which missed the analyst consensus estimate of $1.09 billion by 7.83 percent. This is a 30.18 percent decrease over sales of $1.44 billion the same period last year. + +\- u/backdoorcover + +[Full Report](https://www.globenewswire.com/news-release/2020/12/08/2141775/0/en/GameStop-Reports-Third-Quarter-Results-A-Positive-Start-to-Fourth-Quarter-with-November-Comparable-Store-Sales-Increasing-16-5-And-Sustained-Progress-Toward-Long-Term-Strategic-Obj.html) + +[Link to Conference Call (Starts at 5pm EST)](https://viavid.webcasts.com/starthere.jsp?ei=1400100) + + >”The phone number for the conference call is 877-451-6152 and the confirmation code is 13713035.” +> +> +>call in and tell them your name is robin hood and work at wallstreetbets + +u/robinhoodkid +There have been several DD's about the connection between Citadel and other SHF's and BCG. BCG has other ties, to other large SHFs through directorship, executive boards, and consultant teams. It may be the most brilliant immoral SHF investment strategy ever created. It really does take the COMPLETE lack of ethics or morals to pull this off, yet only RC has been vocal about how terrible and in collusion BCG is. + +Just think of it Apes; + +Step #1 Find a company that is struggling to transition to the modern digital economic marketplace. + +Step #2 As a SHF borrow as many shares (or create them in terms of being a MM) as you can get your hands on, create a MASSIVE pool of them, and then begin to short them hard into the market to force downward price action. + +Step #3 Continue to put downward pressure on the stock through predatory short selling of counterfeit naked shorts and as the MM, ensure you internalize as many buy orders as you can get away with, and externalize every single sell, as well as all your short sales that are not washes. + +Step #4 Prepare your BCG consultant team, which you created as the SHF or MM, and approach the company that your are artificially forcing the price lower on, warning them of potential catastrophic financial results if they do not quickly allow your management consultant team an exorbitant amount of leadership and decision making latitude - aka getting them on the company board of directors. + +Step #5 Lessen the shorting pressure and allow upward price action, pump it a bit if necessary; as BCG ingratiates itself into the company, and embeds itself like a tick into every facet of business decision making. This is the calm before the storm, the honeymoon phase to gain board of director confidence. + +Step #6 Start demanding greater and greater control through BCG all the while having BCG make the most ridiculous of leadership decisions designed to further weaken the stability and financials of the struggling company. Basically waste as much money as possible, as fast as possible, on the craziest management approaches possible. + +Step #7 Once the liquidity of the company has been wasted, fully resume short selling as hard and as fast as possible, with the goal of cellar boxing the company stock, de-listing them, and utterly financially gutting the company. You have ensured they have no possible internal or external means of gaining new investments, because now the MSM machine and people like your paid coke fiend Jimmy have FUD'ed the company name into the land of panic selling. + +Results: You keep every scrap of profit made from driving the company into the ground, as well as have your financial terrorist team get paid MASSIVE salaries to tank the company, from the companies disappearing coffers. No stocks have to EVER be returned, every share you borrowed is poof...gone. And so is the company. + +Blockbuster, Sears, Toys-R-Us and many others have suffered this fate. + +Literally the only thing that saved Gamestop was Keith Gills keen eye, and his engagement with other investors in The sub that shall not be named. The Apes were born, and we saved GME...and RC came and is working to ensure the company is well positioned into the future. + +The strategy is BRILLIANT, it is horrible, it is terrible, it is immoral and unethical, but if ALL you care about is money...it is pure genius. Too bad the SEC/Congress/DOJ/MSM is complicit in this action, or the blatant illegality might actually get these criminals behind bars. This is evil fellow Apes. Naked blatant, intentional evil. That has robbed this world of many fine things, all for their personal greed. +Do you guys see this as concerning, as if he knows that delta and others are soon going to go bankrupt? Or is he planning on buying back in at a lower price? I would’ve never expected Warren to make a move like this. + +Edit: This post is to discuss his move and the reasoning behind your thoughts about it. I’m not looking for advice on Delta. +It's really simple , none of this requires communication , we don't need Reddit, we don't need to go to you tube , or whatever back up options there are , we don't need to talk. The more we rely on it, the more it can be exploited , the more FUD can be spread during moass. If you rely on it , and what others are doing "you're gonna have a bad time" + +Hedgies can't FUD us without social media , so use that to your advantage. + +All you need is 3 things , hold , check the price , is it 25mill yet? No? Keep holding. That's it. + +Thanks and have a great day. +Fiancée asked me what I wanted for my birthday. Don’t really need anything, so I thought about it. If the offer is on the table and I am planning on starting my dividend journey, why not take the opportunity for 1 free share? + +Since Apple, Microsoft, O, KO, SPHD, Chevron, 3M, T, IMB, Walgreens we’re on my wishlist anyways. Which do y’all think would be the best to start off with? +As a new investor, I am Just curious. I'm looking to maybe sell some shares just before a interest rate hike. But are there any sectors of stocks that are least impacted.? +(throwaway account) + + +My mum, who is married, has approx. £300k from inheritance. + +She wants to add my name to her bank account 'in case anything happens to her'. + +If she was to die, she'd want me and my two siblings to share the money equally. For reasons I won't go in to, she doesn't want her husband to get anything. + +I suggested this doesn't feel like the right way of doing things. Surely the right thing to do is get a will in place rather than adding me to the bank account? + +I understand this might be a legal question for the most part, but the reason I'm posting in UKPersonalFinance is because I want to know if there are any unforeseen risks of being put on someone else's bank account? + +Could it affect my credit risk and ability to get a mortgage in the future? +I just spent a few hours reading everything I could find about The DAO and there are many things that confuse and trouble me. This appears to be a common sentiment, but I don't think anyone else has touched upon my biggest concern yet, so I'll describe it here. In short, The DAO appears to be a high-risk long term investment. However, it also appears to be a risk-free short term investment. Consequently, I expect there to be a massive initial investment in The DAO, then a huge pull-out before the first proposal is funded. I have no idea what effect this will have, but it frightens me. I'll break this down a bit now: + + + +**HIGH RISK LONG TERM INVESTMENT** + +Here is a direct quote from the Slock.it UG Proposal #1 Overview: + +"While in no way binding, tentative revenue projections can help understand the potential of this Proposal. For example, there are currently 2 million Airbnb rental property listings in existence (Source: DMR ), and the total bookings value was USD $2.2 billion in the last quarter of 2015 (Source: WSJ ). If the Universal Sharing Network was only to aid in the rental of 5% of the Airbnb listings—allowing their users to have trustless key management—and the DAO% was set to 1%, The DAO would receive USD $4,400,000 in rewards per year from just that application of the network alone." + +Let's imagine the above speculative projection comes true. The current investment total for The DAO is 5,800,000. If I invest $1000, I will hold 0.017% of the tokens. This would give me $758 from the $4,400,000 first year reward. Not bad, considering this is only one of many possible uses and this is a yearly reward. However, speculating that the Universal Sharing Network will aid in 5% of all Airbnb listings is actually quite a lofty goal for an as-yet unfinished, unreleased product. Even if we are optimistic about achieving or surpassing such a goal, it would take years. Not to mention this is dependent on an experimental, first-of-its kind DAO platform, which itself operates on the Ethereum network, which is equally experimental. Additionally, we are only on the first day of a 28 day investment period for The DAO -- who knows how much further individual contributions will be diluted. The risks of this investment seem to me to far outweigh the potential gain. + + + +**RISK-FREE SHORT TERM INVESTMENT** + +I copied this from daohub.org: + +- Any DAO Token Holder can - at anytime - submit a Proposal to request the ETH they are entitled to, proportionally to the number of DAO tokens they hold. + +- At any time, the DAO Token Holder may retrieve their proportional amount of ETH not already committed to a Proposal. + +- DAO Token Holders maintain their right to receive the rewards from The DAO even if they choose to leave The DAO.