diff --git "a/reddit_finance_43_250k_310.txt" "b/reddit_finance_43_250k_310.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_310.txt" @@ -0,0 +1,10000 @@ +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I live in New York and work in new york. It's a very expensive market but markets 2 hours a way are far cheaper(obviously). I guess what i am asking is, can you manage a rental property 2 hours a way by yourself? I would be willing to relocate to the area that i'd be investing in but a few years down the line. +Bought a 3 unit for $135,000 that rents out for $2400/month, I see this year's dwelling coverage at $650,000. + +I understand that replacement cost shouldn't necessarily be the same as market cost, but if you're renting out a property how much dwelling coverage do you aim for? To me I'm thinking I should look for about the cost of the property since "replacing it" means buying a similar property with similar rents. +Wanted to run these numbers by you guys and hear your thoughts, feedback, and any additional tips on 4 plexes: + +Midwest 4-plex +Purchase Price: $430,000 +4, 2 bed 1 baths +Rent/unit: $1,100 +Total Rent: $4,400 + +Down Payment: FHA 3.5%, $15,050 +Closing Costs: $3,000 +TOTAL INVESTED: ~$19,000 + + +P&I: $22,776 +PMI: $4,068 +Taxes: $8,100 +Insurance: $2,400 +Internet: $120/month +Water/Sewer: $280/month $3,360 +Electric $240/month $2,880 +Gas: $240/month $2,880 +Maintenance: $3,000 (newly remodeled) +Vacancy (5%): $2,640 + +Total Expenses: $52,104 +Rental Income: $52,800 + +Equity Pay Down Year 1: $6,150 +Appreciation @3%: $13,000 + +At the end of the day I guess I’m curious to know peoples thoughts on break even properties like this one in good neighborhoods that should continue to appreciate. + +Assuming no appreciation, with cash flow and equity pay down I would receive a 36% return on my $19,000 investment. + +Interested to hear peoples opinions on this buy and hold in good neighborhood, with a low down payment strategy. + +Thanks! +I’m in the midst of buying a triplex right now on a FHA. Two units rented to families, and the third I’m planning to rent out the other bedrooms. + +The only people who would likely rent bedrooms in my area are students at the local college. Now that cases are going up, I’m picturing a nightmare scenario where colleges lock down in November or December, the students go home, and I’ve got 4 or 5 months before I even have a prayer of renting it again. + +I know none of us our epidemiologists, but I’m at a tough crossroad. The entire state has a very high vaccination rate, and the college is requiring vaccines, but hitting 100k cases a day and still rising has me concerned the college or the state will overreact and shutdown anyway. +A relative is selling a 3BR 2 bath with an ADU at the back of the house for 650k here in the Bay Area. The house was built in 1946, functional but have a lot of repairs to be made: wiring, plumbing, new flooring, new paint, etc..My plan is to eventually rent out the 1BR/ 1bath ADU in the back and to live in the 3BR house in the front, rent out the one room to a traveler or Perdiem nurse coworker later after I’ve renovated the house. The house is also very convenient to me because it’s only 5mins away from my work and my HS daughter’s school. My questions are: as first time homebuyer, is it worth to buy the house right now? Am I even eligible for a mortgage loan for this type of property? And is the asking price high or just enough right now at the current RE market? Or should I just wait a year to buy a house? + +[3BR 2Bath with 1BR ADU] + +https://imgur.com/gallery/xGrjS6S +I’ve created a compiled a list of jobsites that have served me in the last 10 years for finding new opportunities in the United Kingdom, the Netherlands and remote online. + +**United Kingdom** 🇬🇧 + +* [www.jobserve.com](http://www.jobserve.com/) (best for contracts) +* [www.technojobs.co.uk](http://www.technojobs.co.uk/) +* [www.reed.co.uk](http://www.reed.co.uk/) +* [www.cv-library.co.uk](http://www.cv-library.co.uk/) +* [www.totaljobs.com](http://www.totaljobs.com/) + +I have lived in London for 3 years and can personally vouch for these jobsites. + +**Generic** + +* [www.linkedin.com](http://www.linkedin.com/) (Filter on EMEA/remote, country, position name) +* [www.indeed.com](http://www.indeed.com/) + +**Privileged Jobsites** + +* [www.honeypot.io](https://www.honeypot.io/) +* [www.gun.io](https://www.gun.io/) +* [www.talent.i](http://www.talent.io/)[o](http://www.talent.io/) +* [www.snap.hr](http://www.snap.hr/) + +**Slack** + +* Kubernetes Career Slack channel (#kubernetes-careers) +* AWS Careers Slack channel (#jobs) + +**United States** + +* [www.dice.com](https://www.dice.com/) (Not great for non-US citizens to find work, only to get 100 daily spam messages by Indian recruitment agencies) + +**Remote Work** + +* [www.angel.co/jobs](https://angel.co/jobs) +* [www.reddit.com/r/forhire](https://www.reddit.com/r/forhire) +* [weworkremotely.com](http://weworkremotely.com/) +* Google Search: site reliability engineer site:lever.co (filter by last 1 month)  + +*I will complete this list, but there seem to have around 500 applications per job listed on these remote jobsites, so they are not always the best way to find a new position.* + +**Hacker News** + +* Ask HN: Freelancer? Seeking freelancer? (April 2020) [https://news.ycombinator.com/item?id=22749307](https://news.ycombinator.com/item?id=22749307) +* Ask HN: Who wants to be hired? (April 2020) [https://news.ycombinator.com/item?id=22749306](https://news.ycombinator.com/item?id=22749306) +* Ask HN: Who is hiring? (April 2020) [https://news.ycombinator.com/item?id=22749308](https://news.ycombinator.com/item?id=22749308) + +*The focus on Hacker News isn’t on making cheap money, but on high-level technologies, so in my experience the quality is extremely high.* + +**The Netherlands** **🇳🇱** **Major jobsites** + +* [www.monsterboard.nl](http://www.monsterboard.nl/) +* [www.nationalevacaturebank.nl](http://www.nationalevacaturebank.nl/)( does anybody even use this?) + +*I’m Dutch! Unfortunately a lot of recruiters don’t seem to have direct contact with the hiring managers and many companies refuse to use recruitment companies. It’s probably because of cultural reasons, but that makes working with recruiters in Holland less useful.* + +**The Netherlands** **🇳🇱** **Smaller freelance jobsites** + +* [www.jellow.nl](https://www.jellow.nl/) (Positive experience) +* [www.it-contracts.nl](https://www.it-contracts.nl/#) +* [www.it-staffing.nl/Projecten.aspx](http://www.it-staffing.nl/Projecten.aspx) +* [www.atseven.nl/opdrachten.aspx](https://www.atseven.nl/opdrachten.aspx) +* [www.4-freelancers.nl](http://www.4-freelancers.nl/) +* [www.itaq.nl/vacante-vacatures.html](http://www.itaq.nl/vacante-vacatures.html) +* [www.wematchit.nl/zoek/vacature](https://www.wematchit.nl/zoek/vacature) +* [www.between.nl/show\_requests.do?searchall=0](https://www.between.nl/show_requests.do?searchall=0) +* [https://my.freelancehouse.nl/opdrachten](https://my.freelancehouse.nl/opdrachten) +* [http://vacatures.yacht.nl](http://vacatures.yacht.nl/) +* [https://select.headfirst.nl/#/opdrachten](https://select.headfirst.nl/#/opdrachten) + +*This is a pretty outdated list. I forgot which of these sites was the best. It seems a lot of people seem completely focused on making money or saving money on the smaller sites.So there isn’t always a great focus on quality over money. The Dutch recruitment market is a bit messy. Often the recruiters don’t have any contacts within the company they are hiring for.* + +Building a solid online reputation with Github or a YouTube channel will also work wonders. + +I've also posted this on my blog at [https://dennisarslan.nl/where-to-find-work-online-in-2020/](https://dennisarslan.nl/where-to-find-work-online-in-2020/), which I'll keep up-to-date for at least the next 12 months. +REITs got killed by COVID, and recovered only partially. $VNQ for instance dropped almost 44%, and is still down 20% currently. + +I'm a long-term buy-and-hold investor, and I hold REITs (specifically: $VNQ and $VNQI) in my IRA accounts, because barring their tax-inefficiency, REITs historically yielded better than any other set of diversified securities, stock indexes included. + +However, I am now strongly considering selling out of my entire REITs ETF position and buying stock indices instead. + +My argument is that in the post-COVID world, all aspects of life - work, retail-shopping, and entertainment - will increasingly shift online. As jobs move online, urban real-estate will drop permanently in value. Cities will see an exodus as a long-term trend. Shopping will move online, and with the urban centers abandoned, there will be no return to expensive shopping centers and other commercial real-estate. Finally, entertainment will also move online: with the urban centers decimated, there will be no use for the theaters, bars, restaurants, and all other expensive urban real-estate of that nature. There will be fewer people in those urban centers to consume them, and their former customers who have moved permanently to the suburbs will socialize and entertain themselves within their local community, date within that community and/or online, and consume shows and movies on streaming services. + +That means that people like me who hold REITs like $VNQ and $VNQI in their retirement accounts will suffer **horrible** returns, and not just for the next 5 years. There will be a long-term trend of permanent decline in the value of these real-estate assets. It will not be just a short term drop followed by a recovery; if anything, it will probably get worse over the longer time horizon. + +In simple terms, while stocks will recover, the (partial) recovery in REITs may be driven by nothing more than irrational exuberance, blindly following the upswing of stocks. REITs like $VNQ may have already peaked, and the rational response is to swallow the 20% loss and trade them for a stock index that has better long-term prospects and future. + +Thoughts? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I think it’s better for us not to fight other communities and their drawings (speaking about Portugal). This will piss them off and they will join shills in vandalising our own drawing. + +Focus on keeping the main drawing free of vandalism!! + +We need more apes to hold the line and stop the rocket becoming a dick and DFVs face from becoming a potato. Do your part!! + +Edit: Germans have cut out the bottom third with their flag. Trees are encroaching on immutable and among us are just going all out vandalism + +Further edit: I WANT TO THANK ALL OF YOU!!! THE APE ARMY HAVE ESTABLISHED OUR PRESENCE! It was a great battle fought that will be told in stories for generation, how the EUROPOORS and ASIAUTISTS held back the shills till the AMERITARDS answered the call for help! 💎🦍🦍🦍🦍 now off to the moon with our MOASS candle 🚀 +Plan B predicted bitcoin at 63K by the October end. And here we are. Too many of his predictions are true to be called it as a fluke. Plan B is a genius. I am going to make my future strategies based on his predictions. +While my wife and I's personal life plan/philosophy is much more of a pseudo financial independence (i.e. creating a scenario where we require a far lower income to maintain our lifestyle as opposed to eradicating the need to work altogether), I've thoroughly enjoyed gobbling up all the content in this sub over the past couple months. Full on FIRE isn't for me but I appreciate any strategy that involves breaking out of the system as we know it. + +Having lived as an expat for the past 13 years with most of that time spent in developing countries I can admit that part of our long-term financial planning involves sticking to countries where we get more bang for your buck so to speak. + +April will mark 6 years in Mexico, a popular destination for early (and late) retirees wanting to live a freer life on a limited pension and so I've met dozens of retired or semi-retired people here along every spectrum of income. + +**And one thing is for sure: Not everyone finds the lifestyle they are looking for.** + +We love living here. We prefer the pros to the cons and have discovered a happy medium between adjusting to the "local" way of life along with recreating what we're used to in a foreign land. + +A lot of folk, however, discover that *Living Like a King* doesn't quite feel as regal (or affordable) as they expected it to - and to a great extent this is due to a misunderstanding of what taking your dollars overseas for the highlife truly looks like. + +**The Biggest Mistake is Comparing Apples to Oranges** + +The #1 reason people wind up disappointed in their newfound royal lifestyle overseas is that their vision of a King-like existence is quite literally, King-like. + +The reality is that true luxury living is expensive anywhere in the world and that you're never going to recreate your millionaire vision on US$1500-2000/month. + +What you can enjoy on such an income, however, is the type of lifestyle afforded to the top 2-5% of earners in your adopted home. + +You can live VERY well & VERY comfortably - but this also requires that you shift your idea of what comfort looks like. + +We like our house. It's perfectly nice. But we don't have carpets or a Lazy Boy, dishwasher, dryer and many other common amenities found in a typical upscale 1st world home. Our house feels like a nice *Mexican* house and the expats I know who wish their place to feel like a nice North American or European home pay through the teeth to make it happen - perhaps less than they'd pay at home but certainly to the extent that their lifestyle requires more than a couple grand per month in upkeep. + +*Living Like a King requires a shift in perspective.* **Period.** + +Most imported goods meant for the affluent will cost you more in the developing world than you pay at home - part of living like a King means adapting your tastes for more local delicacies. + +**But that's not to say the benefits of moving to a cheaper country aren't real. They are real. It's just that these benefits are not applicable across the board.** + +Labor/services are crazy cheap. Should it strike your fancy you can never take your own garbage out or lift a finger to clean for the rest of your life. Same goes for gardening or pool maintenance, etc. + +But cheap labor also comes with caveats as staff not always understand what is expected of them, even when you speak the language. + +Same goes for car repairs, plumbers, electricians and on and on. + +And health care costs a fraction of what you pay at home (at least for Americans), too - perhaps it's not "as" good but in most circumstances you're fine. + +Eating out is cheap. + +But a $3 meal in Mexico comes with $3 surroundings. Nice enough but it's not going to be as comfy as Tony Roma's or Sizzler. + +Going to a properly nice restaurant still costs real money. Less real money but real money nonetheless. + +My point is that living as an expat can be amazing and I absolutely love that we have the freedom to control how much we work/earn by virtue of how low the cost of living is here but our day-to-day living looks little like it would if we lived in the US. + +It's not better or worse, it's just different. So if your plans involve beating feet to the 3rd world as soon as you've got half a million dollars in the bank, just remember that *Living Like a King* really means *Living Pretty Damn Well on Little Money* and not tossing money out the window of your Cadillac like a rap star. + +**EDIT:** + +So...quite a few people are misreading my intent here. + +I am not saying that a dishwasher, recliner and dryer are unattainable luxury goods in Mexico. I could buy these things if I so desired. I could go into town today, buy a dishwasher, put it in the truck, drive home, plug it in and wash the dishes. + +I could lay carpet from wall-to-wall...buy a vacuum...and then fight vacuuming up beach sand for the rest of my life. + +I am not saying that Sizzler is the pinnacle of dining excellence. I am saying that a $3 meal in Mexico won't be eaten in an air-conditioned building on a padded chair...a $10 meal will. + +I am not trying to paint a picture of a floral-shirted white guy squatting over a bucket in third-world squalor in order to save a buck or two. + +What I am saying is that life as an expat is different. + +If we look at the situation more abstractly, let's say that there are 100 factors of comfort/convenience that the average middle class North American/European enjoys...and that on average, a middle class Mexican enjoys 75 of these same amenities. + +That leaves 25 amenities that you can choose to upgrade or choose to adapt to the local style. + +If you choose to take all 25 upgrades you won't be living on $1500/month....but you can do, say, half of them and still live well on, say, $2000 (approximate numbers). + +Perhaps for you being able to dry clothes in a machine versus hanging them on the line is more important than having an XBox One & flatscreen in your bedroom...for us, we prefer to have the Xbox, something that costs a LOT more to buy in Mexico vs. the US. + +Perhaps for you it's worth spending double on food stuff every month in order to eat only imported food that you know and recognize but you couldn't care less about having a fluffy USA-style sofa. Maybe someone else pays for the American furniture but eats nothing but local food. + +It's a game of picking and choosing what's important to you...not a dearth of goods/services. + +My point in this post is that if you want your life to look/feel EXACTLY as it does at home, then you're unlikely to see HUGE savings in cost of living. + +My point is that the "Live Like a King" lifestyle requires that your vision of royalty be shaped according to your surroundings...with enough sprinkles of "home" to be the icing on the cake. + +Here are perhaps some better examples of shit you've got to get used to unless you want to pay out the nose: + +**Our hot water heater and oven run on propane.** + +I quite literally have to connect a propane tank, just like you do with your BBQ (and yes, we own a BBQ, too)...when the gas runs out it stops working...I have to disconnect the tank, connect a new one and then put the old tank in the truck and drive to the gas depot or hardware store to change it for a full one. Sometimes this happens mid-shower...sometimes it happens mid-meal...sometimes you get to the hardware store and they are out of gas. + +It's a pain in the ass. It's not as convenient as having an endless supply of natural gas pumped into your home. It's not as convenient as having an electric oven that you can set to an exact temperature. + +You can either get used to it or you can find a middle-ground solution like buying 3-4 extra tanks to store in the garage or you can pay a lot of money to get a giant tank installed and have a propane truck come periodically to fill it. + +Each of these options carry different price tags, from zero extra dollars up to thousands depending on where along the spectrum you want your convenience. + +**Gravity is the standard method for producing water pressure in the home** + +Most Mexican homes have a tinaco (tank) on the roof that is filled with a pump from an underground cisterna (bigger tank, haha)...all water pressure comes from gravity...meaning that a one-story home won't have a shit ton of pressure. + +You can (a) get used to it or (b) install a water-pressure system....which will cost money and possibly cause problems with other plumbing fixtures in the home that aren't designed for that much pressure. + +When I go back to the US and take a shower it's abso-fucking-lutely amazing...like I'm at a water park. It's phenomenal. Bigly. + +But it's not worth the money/headache to recreate my Yankee-Doodle shower here in Mexico - I clean just fine with less pressure. + +**Power goes out more often** + +It's not THAT bad but the power goes out (at least for a minute or two) often enough that I stopped using a desktop computer for my freelance writing work and we never set the clock on the coffee maker or microwave because some time within a week or two we'll lose power at least long enough to send it back to blinking 12:00. + +Internet goes out more, too. + +Not THAT bad but enough that it's not the same. + +I'm not trying to say that living as an expat involves a massive reduction in quality of life...shit...not at all. We have a killer pool and a sweeping ocean view that would cost two million bucks to have in So Cal. Eating out is so cheap we don't even consider price when thinking out whether we want to go to town or eat at home. Going to the cinema costs a few bucks...going out drinking is stupid cheap...and labor is so inexpensive that you could, in theory, do almost nothing yourself. It's like $4 to have the car washed and vacuumed, Armor All on the dash and tires, while we go to a coffee shop and pay $1 for an amazing coffee made with fresh organic beans grown 2 hours away in the mountains --- but the chairs are shitty, uncomfortable stools and not big green Starbucks loungers. + +I think expat life is incredible and even if I win the lottery this summer (I buy a ticket every time I go back to the US) we would still live somewhere that was neither my wife or I's homeland...we'd likely move to Spain - but that's another story. +Source: https://www.newyorkfed.org/markets/ambs_operation_schedule + +If inflation was such a concern and markets are so healthy, why are they still doing this? Keeps housing values propped up at the expense of those who currently don't own real estate. I don't know about you but it definitely bothers me. Average Joe doesn't understand this and how could he/she? They are too busy working their butts off to afford essentials which are skyrocketing in price. Fed balance sheet is barely off of its all time highs despite over 1 year of extreme taper talk. Not pretending that I have all of the answers but what a mess... +Hey everyone, I'm 17 and will be 18 by the end of the school year. My mom and dad don't want me to live with them really, so from a young age I was told that by your 18 move out. Since I was 15 I've done numerous side hustles, jobs etc. To save up some money and in total I have around $4,778 dollars to my name. It's in my own bank account. And im earning from my side hustles + +Regarding rent, my friend who's like 20 or so I know him since young, he's in IT and has an apartment it has two rooms. One is his, and he said he can rent out the other one. It'd be $800/per month for me. There is no security deposit, and I don't have to put anything down as he told me. Just pay the monthly rent which is $800 and im good, it includes utilities etc. He said I can rent on monthly basis. + +Would it be possible for me to move out? I'm not really into fancy things or so, as long as my food, rent and expenses are taken care of im good. + +EDIT: Also I don't need a car, second my utilities would be taken care of in my rent payment, and regarding my phone bill it's $10/month. for food I know how to make good food for cheap I've done it before. Because my parents do a thing where like I have to make and buy my own food so I'd spend $100USD from my money, monthly and make food from that budget to last me 30 days and it'd work out perfectly, and it'd be plentiful so im not concerned about food expenses. + +EDIT 2: Some are mentioning stay with my parents as long as I can yeah thats not an option, they are toxic and were a\*\*\*ive and have given me numerous mental health issues. So moving out is the best choice for me, just wanting to make sure here that it's feasible because I can actually talk with others here and see if what im doing is right. + +&#x200B; +The last few months have seen significant insider selling in Costco, and not much buying. This has caused the stock price to retract. However according to a DCF, Costco is undervalued right now. + +So this brings me to my question - is anyone interested in Costco? This is a sure long-term winner. What are people’s thoughts, is this insider selling a warning sign for you or just some greedy execs looking for some cash? +I am trying to make a list of newsletters for myself to read every day. I would like to have a newsletter in the morning before market open and one after market close. If you have any that you really like and they do not fall into that category, feel free to post them as I would still enjoy hearing about them. Thanks, love this sub and hope you guys are all doing good. +I’m reading the “Security Analysis” book right now. + +It occurred to me: just as there are HFT computers/algorithms/millions of smart people you’re up against trading, could the same not be said of finding value stocks? + +If a new retail investor does his/her analysis to find value stocks, who’s to say that millions of others and/or institutions/professionals didn’t already find it days/weeks/months before? + + +A side point: just about every two pages if the book (in one way, shape, or form) blasts speculative investing… yet just about every 10th page basically notes that the market is irrational and that security analysts may not work. + + +Lastly: the book is substantially an excessively verbose, slightly arrogant retrospective on the author’s view of the securities markets, especially in the 1930s. + +I’ve only read a few chapters and two into sections. + + +Anyway, the point of my post is that if a whole subset of the market does value investing, how is this any easier to make money at? +I understand the concept of requiring a margin of safety when you purchase a stock, as this gives you cushion for adverse and unforeseen circumstances. Let's say you have a holding that you bought when it was undervalued and provided a margin of safety. Now let's say that the stock's price rose substantially such that at the new price it does not reflect a margin of safety. At this point, should you sell the stock because its price is no longer 'undervalued' and no longer has a'margin of safety'? Or should you consider your cost basis and continue to hold the now 'fairly valued' stock? +Hi, + +I keep hearing and reading that Banks and financials are very complex and harder to understand than other sectors. I was wondering if anyone could explain why these are so complex and if anyone could help me understand for future reference. + +Best. +I do my quantitative and qualitative analysis and get an intrinsic value of $X per share. + +Then, how do I know market will correct to this True value, over the long-term? I know that if it is truly a strong company, it should correct but does this hold true all the time? + +Suppose I have identified a list of all companies that are trading below their intrinsic value. Then, what techniques do you apply to see that it will possibly correct \*soon\* enough? Do you use technical analysis on long time frames, statistical analysis etc? +For the full breakdown be sure to check out our substack [here](https://greencandleinvestments.substack.com/). + + +Company Description + +Walmart Inc. is a retail corporation that operates a chain of supercenters, discount department stores, and grocery stores in three segments: Walmart U.S., Walmart International, and Sam’s Club. As of the end of Q3 2021, Walmart has 10,566 stores and clubs in 24 countries, operating under 48 different names. Walmart also owns and operates ecommerce websites such as walmart.com, asda.com, flipkart.com, and samsclub.com, as well as international ecommerce sites and mobile commerce applications. The company offers a wide range of products, including food/beverages, florals, health and beauty aids, baby products, household supplies, pet supplies, electronics, sporting goods, furniture, and much more. + + +Quantitative Analysis + +At the time of this writing (12/5/2021), WMT is trading at $137.51 with a 52 week range of $126.28 - $152.57 and a market cap of $383.45B. In Q4 of 2021, WMT’s consolidated net income decreased from $20,008 million to $8,299 million year-over-year (YoY) but averaged a 3.3% return on assets. Return of equity (ROE: Net Income / Total Equity \*100) of WMT is 9.7% and net margin (net income / revenue) is 1.41%. The debt to equities ratio (total liabilities / total equity) is 1.87. + + +Qualitative Analysis + +Walmart is one of the most well known retail stores globally and was the largest company by revenue in 2020. Due to Walmart’s low prices, wage inflation seems to be one of the worries going forward. But Walmart has shown that at its core, it has an unmatched ability to scale and can be agile and adaptable in times of economic uncertainty. For example, Walmart was quick to roll out consumer-friendly ecommerce capabilities in 2020 when many physical stores faced pandemic-related drops in traffic. Walmart’s ecommerce platform has grown rapidly and with the addition of Walmart+, they have become one of the few companies poised to compete with Amazon. Walmart+ offers similar delivery services at a cheaper price than Amazon Prime and gives customers the option to purchase items in their many brick and mortar stores or through their online platform. Walmart has also teamed up with Shopify to allow sellers to use their online platform to sell their own products. + +Bullish Thesis + +Here are three points to support the bullish thesis: + +* Brand Name: Walmart’s brand name and brand power cannot be measured. It recently launched Walmart+ delivery service and grew at a rapid rate. Currently Walmart still has higher revenue than Amazon and that is in part due to the loyalty of their customers and the familiarity with the products Walmart and its subsidiaries offer. At the end of 2020, Walmart reported $559 billion in revenue while Amazon reported $386 billion. Even with the COVID pandemic and not having as much brick and mortar sales, their online presence and delivery service was enough to still have a successful 2020. + +&#x200B; + +* Brick and Mortar Footprint: Walmart has 10,566 brick and mortar stores in 24 different countries giving it the largest global footprint of any retail store. With more and more in person shopping occurring, it is easy to think that online shopping may decrease and as that continues to occur, Walmart is primed to continue to lead all businesses in revenue with the combination of the brick and mortar stores and online presence. The amount of stores and various locations truly speak for themselves and no other business can compete with Walmart in that aspect. + +&#x200B; + +* Adaptability: One thing Walmart proved during the Covid-19 pandemic and shut downs, is its adaptability. Walmart quickly created and mastered a mobile application, Walmart+ delivery service, and ecommerce site. Walmart seems like the only player big enough to go toe to toe with the likes of Amazon and the rapid growth of their online platforms have shown that. In order to compete in an ever changing environment due to COVID, extreme inflation, supply chain issues, and many other potential problems with Walmart’s business, Walmart will need to be able to adjust and adjust quickly in order to maintain revenue and keep growing. + +Bearish Thesis + +Here are three points to support the bearish thesis: + +* Elephant in the Room - Amazon: While Walmart was able to quickly adapt to pandemic-related reductions in in-person traffic by expanding their ecommerce capabilities, they remain well behind online retailer Amazon. Indeed, according to statista, as of October 2021, Amazon accounted for 41% of the ecommerce retail market while Walmart accounted for just 6.6%. As economies reopen and in-person shopping returns, I imagine Amazon’s market share will only increase. This leaves me wondering where Walmart’s growth will come from - if their physical footprint returns to pre-pandemic levels AND their newly developed ecommerce platforms ultimately fail to compete with Amazon, what will they have to attract investors? + +&#x200B; + +* Potential Slow Down in Consumer Spending: Last month’s inflation numbers were the worst the U.S. has seen in three decades. As inflation continues to worsen, some suspect that consumer spending will decrease. Although the most recent data show a 1.3% increase in consumer spending from September to October, savings rates in the U.S. have already fallen back to pre-pandemic levels. In my opinion, people are digging into the excess savings accumulated during the pandemic to spend ahead of the holiday season - if these savings dry up and prices continue to rise, it’s likely that consumer spending will drop. If this scenario unfolds, it will hurt retail outlets like Walmart, particularly in segments related to unnecessary goods and services. + +&#x200B; + +* Global Supply Chains: Walmart operates worldwide and relies heavily on global supply chains working efficiently and, perhaps more importantly, reliably. As I’m sure you’ve heard, supply chain woes have plagued the economy over the last year. Low workforces, economic lockdowns, travel restrictions, backed up ports, and raw material shortages, amongst other things, have all contributed to a breakdown in global supply chains. In response to these issues, retail giant Amazon has started chartering its own shipping vessels and making its own shipping containers, effectively taking more control over its supply chain. While Walmart has followed suit by chartering their own vessels, only time will tell how effectively they can manage their supply chain. Although Walmart has a strong history of adaptability, investors need to keep their eyes on how they navigate these choppy waters over the next few months. + +For the full breakdown be sure to check out our substack [here](https://greencandleinvestments.substack.com/). +I know the most common complaints are about liquidity. + +The way I see it purchasing a small company selling OTC is a lot like buying a stake in a private business that you don’t trade in and out of but hold for ten or more years (when you find a strong one) . + +It just seems like there’s such a strong stigma around OTC in general + +Yes, 95% of the companies are worthless. It’s like turning over rocks looking for gold. I may be weird but I find it fun. + +Here’s an example of one I found. They sell patented drug and explosive detection and identification solutions worldwide to law enforcement, governments, and airports. + +The founder was in Israel’s special police + +They also have a consumer product that lets anyone test and identify any pill or substance (like for parents with kids) + +It’s only a $5 million dollar company in terms of market cap but here is how they’ve done since 2014: + +382% revenue growth + + +3,273% increase in cash + + +Grow margins increased from 24.8% to 60.7% (245% increase) + + +Operating margins increased 45,500% + + +Return on Equity of 103% + + +Operating margins of 22.7% + + +Pretax margin of 22.3% + + +Pretax income grew 155% + + + +I’m still digging into the company but it’s a pretty amazing business that’s excelling in a “boring” industry that’s just been hiding among OTC companies. +Hi, + +I keep hearing and reading that Banks and financials are very complex and harder to understand than other sectors. I was wondering if anyone could explain why these are so complex and if anyone could help me understand for future reference. + +Best. +Hey reddit, for a while, I’ve been working on my own portfolio tracking app, and I wanna hear about what would you like to see in a perfect portfolio tracking app. + +Lately, I’ve been experimenting with smart-beta factor investing, but I haven’t found any app that would support it, so I managed to do it in my own app. I would also like to say that I got the interface right - it’s good-looking and clear, while also containing all important information. + +What would you like to see in a perfect portfolio app though? What did you struggle with while using some mainstream one? Were prices too high compared to what it did? Please let me know in a comment or DM, might share my app if you’re interested + +Thanks for taking a part in the development process, it really means a lot to me +Hey everyone! I’ve spent all weekend pouring over the balance sheet of Vail and am considering buying some far out put options on the company + +They just raised $600 million bonds at 6.25%. + +I just can’t see how they are going to stay in business/remain solvent. + +Looking at their 7/31/2019 balance sheet they have zero (negative actually) working capital, a very low current ratio, negative tangible book value, and have a ton of debt from the 33 properties they’ve bought/acquired since 2010. +I’ve recently been consistently buying Vanguard’s VUSA S&P 500 ETF. As I’m at the beginning of my investing journey (In my early 20s) and don’t have significant funds available to risk on hand-picking individual stocks. I have no plan for selling, nor do I analyse the price at which I buy more shares, I just consistently add to my position monthly. + +Has anyone been investing consistently into ETFs like this throughout their life and can share their experience as some encouragement, or perhaps some things to be aware off. + +I’m currently using a Stocks and Shares ISA, and have my position set to reinvest dividends. And unless it’s absolutely necessary I have no intention on selling any position for at least 40-45 years. +This is really confusing me. On MetaTrader I have a demo account with Pepperstone, my leverage Is 50:1, the account currency is in USD. Whenever I use the lot size/ volume of **0.10** trading GBPUSD, it turns out to be **10 cents per pip.** When I research lot size on other websites/videos I'm seeing that **0.01** is **ten cents per pip**. This is very confusing. Can anyone help? Does it vary based on the currency pair or leverage? +just FYI + +20:33 BN - U.S. LABOR DEPT. MAY SEEK REMOVAL OF COMPUTERS FROM DATA LOCKUP + +20:33 BN - U.S. PLAN TO ALTER DATA LOCKUPS COULD COME AS SOON AS THIS WEEK +So, how long did it take you guys to come up with your own strategy and start trading with real money? And how long did it take you to actually earn a profit? Also, where did you learn? Youtube, blogs, etc. Trying to get started myself! +I have a common problem I guess. I've been in the forex game for about 2 years and am still on demo accounts. I can't find a profitable strategy to save my life. I've blown several accounts. + +I've invested time and money into heaps of courses. I've learned pretty much every common forex concept/strategy. Spent hours and hours++ back testing and writing trading plans. + +Why can't I be profitable? It's frustrating. +As an absolute noob in forex, I am always looking forward to other traders' analysis in order to gauge how they approach a chart. I find that simply posting an image of a chart with the only information about it being a title such as "LONG THIS, SHORT THAT" defeats the whole purpose of posting trades. + +If you are not explaining why you take your decisions, then you're just expecting people to follow blindly what you have done. If you don't care about what other users do with your trade idea, then why are you posting it in a public forum? +Anyone else facinated about our culture of debt in Australia? + +Credits cards max, car loans and don't even get me started on GE money (Harvey Norman) and AfterPay. + +The thing I find most curious is how people who are good money manages need to keep this a secret and almost play the dumb person. + +I drive a POS a Mitsubishi Colt and the concept of knowing every fortnight I could rebuy the same car (second hand obviously) in cash gives me immense utility. Yet to others this is a sign of failure. + +What's the go? Do people not understand what they are doing? Is it a instant gratification thing? + +I don't feel it's education, most of my friends are all in the educated white collar category on great money. The problem is great money isn't so great after credit card repayments, car loans and your $620 a week inner city rent. +The first U.S. shipment of crude oil to an overseas buyer departed a Texas port on Thursday, just weeks after a 40-year ban on most such exports was lifted. + +The Theo T tanker has left NuStar Energy LP’s dockside facility in Corpus Christi, Texas, along the western shore of the Gulf of Mexico, Mary Rose Brown, a spokeswoman for NuStar, said in an e-mail. The ship is carrying a cargo of oil and condensate to Italy from ConocoPhillips’s wells in south Texas that was sold to Swiss trading house Vitol Group. + +A campaign by oil explorers including Continental Resources Inc., Chevron Corp. and Exxon Mobil Corp. to lift the 1970s-era export prohibition culminated in a Dec. 18 congressional decision to end the ban. + +Vitol, which owns stakes in refineries from northern Europe to Australia, has a second cargo of U.S.-sourced crude scheduled to depart a Houston port within days. + +I’ve been freelancing as a science writer as a side hustle for about a year now. I started off charging around $20/h on Upwork. After paying their 20% fee and then setting aside another 30% for taxes, there wasn’t much leftover. Also my clients were often inexperienced and sometimes rather demanding/unprofessional. + +After a few months I was getting a lot of gigs but not making that much money. So I decided to start gradually increasing my rates to see how high I could go without losing all my potential business. Most of my old clients couldn’t accommodate the higher rates, but I was quickly contacted by others who were more than willing to meet my price. I’m now up to $45/h and still getting plenty of work. Plus my clients are often larger companies that are more reliable and offer longer-term assignments. The work I’m doing now is more interesting to me and the money is actually enough to make a difference in my budget. I think the higher rates make me seem more confident in my skills so people are willing to pay for more my experience. Moral of the story is don’t under-sell yourself, you’re worth more than you think! + +Edit: For those who are asking what exactly a science writer does, basically I’m helping companies write about science in a way that’s accurate and also understandable to a general audience. For example I did some work for one of the big genetic sequencing companies to explain some basic concepts on DNA and heredity. I’m a scientist as my day job so it fits in nicely with my expertise. The [CASW](http://casw.org/casw/guide-careers-science-writing) website has lots of info for anyone who wants to learn more about science writing! +https://www.bloomberg.com/news/articles/2020-08-13/apple-readies-apple-one-subscription-bundles-to-boost-services?utm_content=business&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_medium=social&utm_source=facebook + +> +Apple Inc. is readying a series of bundles that will let customers subscribe to several of the company’s digital services at a lower monthly price, according to people with knowledge of the effort. + +>The bundles, dubbed “Apple One” inside the Cupertino, California-based technology giant, are planned to launch as early as October alongside the next iPhone line, the people said. The bundles are designed to encourage customers to subscribe to more Apple services, which will generate more recurring revenue. + +>There will be different tiers, according to the people, who asked not to be identified discussing private plans. A basic package will include Apple Music and Apple TV+, while a more expensive variation will have those two services and the Apple Arcade gaming service. The next tier will add Apple News+, followed by a pricier bundle with extra iCloud storage for files and photos. +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 + +# 💎👐 +With winter coming I finally landed a job after hundreds of applications! 12 dollars an hour 8-10 hours shifts. It’s decent for my area! Everything mostly pays 10$ an hour around me despite inflation absolutely destroying our area😩 Little worried about driving the road when it snows cause my car is not suited for ice or snow but we will get there when we get there I guess. Wish me luck! + +I hope I make enough to at least cover rent and have a dollar or two to save after. +So, the last few months during Covid I've been isolated, being alone with hazmat suit on big mansion with kilometric tables got me lot of time to think and I've come with a brilliant plan. + +&#x200B; + +Do you know this country? + +&#x200B; + +[Crimea 100&#37; russian](https://preview.redd.it/6fhmpon7cuk81.jpg?width=1024&format=pjpg&auto=webp&s=040efff23e7c8c8fca6532ccab59175bca637866) + +&#x200B; + +It's Ukraine, a shitty country with a weak nazi-jew president. Well, I'm going to invade it. + +I know, I know, "How is this related to WallStreetBets?" you asking. We're here to gamble; so I'm going to YOLO my entire country on it. + +&#x200B; + +**My plan is this:** + +&#x200B; + +1-Concentrate troops on the border->This will scare western pussies since russian military strongest, thus bringing stocks down: good for me because I've PUTS on them. + +&#x200B; + +2-Invade Ukraine->Will be down on a few hours max, I get new fresh territory literally for free. + +&#x200B; + +3-The West applies some shitty sanctions->It's ok, they need to prove they're concerned but ultimately will do nothing significant. They like my pipelines too much. + +&#x200B; + +[It's me, Vladimir Putin, being sneaky](https://preview.redd.it/lvqouscecuk81.jpg?width=1200&format=pjpg&auto=webp&s=691a8073cfa765cc8587d83f058fa521650b151e) + +&#x200B; + +Additionally , I convinced my wife's boyfriend, China (who is super rich), to give me financial support for further investing: time to buy CALLS. + +&#x200B; + +4-With new territories + China + morale boost I predict russian economy to grow 4000% during next 2 years. + +&#x200B; + +This is probably the safest bet I've ever taken, it's so easy I want to give opportunity to invest even to western scum like you. I literally can't see this going tits higher. + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Edit: Success on the first part of the plan. Lol, they so scared it's funny. Now I buy a little time with talks while I change my positions and prepare troops. Russia to the moon! + +&#x200B; + +[I'm cool d](https://preview.redd.it/oi50kgelcuk81.jpg?width=670&format=pjpg&auto=webp&s=e59a1a265c78367ee4ef40c74f2ae3287140185c) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Edit 2: **OH MY BABUSHKA!** Everything went to ass!! Dirty ukranians are blowing up my precious tanks, everyone applying sanctions like crazy, russian ruble down 30% I contacted RobinHood and I CAN'T open the markets to close my positions, China is ignoring my calls and now I've protests on the streets calling me the retardest, telling me to go. Oligarchs not happy either and I don't trust any drink they give me. + +&#x200B; + +I'm devastated, I even lost my **JUDO** belt! + +&#x200B; + +I can't stop the war now cause I'll look weak and they'll kill me with piolet in the ass (no homo). + +&#x200B; + +I'm done, I don't know what to do, I'm thinking of suiciding with nuclear bombs :( + +&#x200B; + +Any last financial advice? + +&#x200B; + +&#x200B; + +[?](https://preview.redd.it/9nxh1hsxduk81.jpg?width=626&format=pjpg&auto=webp&s=aa0da1b43d946d299d4a8c4d129d0b70390b40d2) +By Defi I mean Dai, CDP's and compound style dapps/sites, what's the big deal ? + +I have nothing against leveraged trading ( which I think is the sole reason to open a CDP right now), but can't seem to find other more mainstream applications, not sure the excitement matches the technology ( like with ICOs), still think it's great ETH is innovating, but feel like I am missing something, can you eli5 ? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Hi everyone, + +I was filing ITR 1 for the past 3 years because I never invested in mutual funds or sold any of my company RSUs (which come under foreign equity since they are listed on NASDAQ). I was doing this myself with the help of cleartax. + +This year I have capital losses and I also sold some of my RSUs which will come under foreign income category. + +Just wanted to get an opinion from people, whether they use the income tax department to file ITR-2 or do most of you go with a traditional CA route. + +I checked cleartax pricing(https://cleartax.in/s/pricing) and I would have to take the INR 3599 package. What is the usual charge for such a service in market. + + +I have been a subscriber of The Ken and I like it, but there has been a constant diversion to South Asia which I don't have much interest in. + +About morning context, I have never been able to read anything from their stable except their letters, but I know that the ex people of the Ken only started the venture. + +Or should I leave everything and stick to finshots? + +Thanks. +I just read that, difference between govt stamp duty valuation and sale consideration is allowed upto 10% for transfer of immovable asset.( Section 50c) + But here it is written "holding of previous owner won't be considered" wouldn't that change type of asset ( short term or long term)? If asset is inherited recently by child from parent and sells within 24 months even though parent held it for more than 2+ year in his tenure before , because here it is clearly written period of previous holding won't be included? + +Source :- https://taxguru.in/income-tax/section-50c-income-tax-act-1961-faqs.html + +Paragraph :- +7. Whether period of holding of previous owner shall be considered, when Cost of Acquisition is computed as per section 49(4)? + +Answer:- In this case, the period of holding of previous owner shall not be included in the period of holding. + It seems everything is breaking. Now I'm getting the below. I'm contacting them. + +`"error":"Individual App's transactions per seconds restriction reached. Please contact us with further questions"` +The way I see it, either they give me their money and I use my own accounts to algo-trade and then I give them their earnings back. I think I would have to have a Series 65 Exam to do this. + +Or they could create their own accounts with the APIs I use and give the algorithm access to their accounts? + +Any thoughts? What legal hoops would I have to jump through to get something like this set up? +Subscription services are projected to grow by $51 billion from 2018 to 2024, reaching a total of $87 billion. Netflix currently serves 87% of the United States market, 50-70% of all developed countries and up to 20% of the developing world. + +[https://beth.technology/netflix-stock-long-term-potential/](https://beth.technology/netflix-stock-long-term-potential/) +&#x200B; + +Netflix Inc.’s co-chief executive officer says his firm remains the “global champion” of streaming, blaming the loss of 200,000 subscribers in the first quarter on inflation that’s prompted households to reduce spending. + +“Every customer is asking the question of the value of a subscription in relation to its cost,” Ted Sarandos said in an interview with French newspaper Le JDD on Sunday. Netflix’s vision to “satisfy the consumer” remains intact, he added, citing the popularity of the new season of “Stranger Things.” + +Netflix has been trying to bring costs under control as its subscriber growth slows. As part of those efforts, the streaming giant has laid off employees, including 150 in May and another 300 in June. + +Source: [https://www.thevesign.com/netflix-ceo-blames-this-for-massive-loss/](https://www.thevesign.com/netflix-ceo-blames-this-for-massive-loss/) + +**Netflix NFLX co-CEO has blamed the loss of 200,000 subscribers in the Q1 on inflation that’s prompted households to reduce spending. Do you agree that theQ1 $NFLX subscriber loss was due to inflation?** + +**Do you agree that the Q1 NFLX subscriber loss was due to inflation?** +Hi everyone! I'm not saying this will help everyone, but in the last few months I've saved a fortune on our monthly outgoings by spending a few hours just going over our outgoings. I'm hoping what I did might help someone else out there! + + +Note that this is for a family, not a single person, but the methods should help everyone where applicable. + + +**1. BROADBAND** + +We got a letter from our ISP that our internet bill was going up in October. I called them and asked a few simple questions; why is it going up, when does my contract end, is the package still relevant to me? A 15 minute call got me £15 per month knocked off my internet and upgraded to the next tier! Note that we had to sign up for an additional 12 months so be aware if you don't want to be locked in. + +**2. GAS AND ELECTRIC** + +We made the dreaded mistake of being on the standard tariff. We called up and asked their best fixed price. We then asked what our average gas and electricity usage was. I put this into a comparison website and saw automatically massive savings. We choose the best one that suited us and saved £40 a month! + +**3. MOBILE PHONE** + +If you’re not interested in getting a new phone (I always buy mine up front), then just give your service provider a call when your contract is up for renewal. You’re effectively on a SIM-only deal now, so you should be paying SIM-only prices. For example, I’ve seen deals less than £12 which give you unlimited minutes, messages and around 10GB of data. You should be paying around that! Then, just wait for your phone to go down in price a few months later. This saved us £22 a month. + +**4 INSURANCE** + +This one was a long shot, but it's always worth the phone call. I called my car insurance to make a change and just by chance it made my insurance for the year £40 cheaper. Because I was nice to the person, they just made the change on the phone with no admin fee. As I paid my insurance up front, it was an up-front £40 in my bank! + +**5. CUT THE CABLE** + +This might not sound great to others, but it was the best decision we ever made. We were paying over £35 for Sky, but we weren’t watching any of it. We’ve cancelled Sky and moved to Netflix and NowTV (which is part of Sky FYI) and have everything we need for less than half the price! Another £22 in my pocket every month. + +**6. GROCERY SHOP ONLINE** + +We do all of our grocery shopping online. This stops us from splurging on things we don’t need. It’s not to say we don’t enjoy ourselves – we always buy what we want. But I’m not indulged to pick up a snack just because it’s in front of me. Yes, there’s an up front cost, but we’re saving over £15 on “crap” a week - £60 a month! + + +**7. MORTGAGE** + + +I know not everyone has a mortgage, but make sure you get the best rate when your mortgage is up for renewal. We saved £30 a month earlier this month for the next 5 years and got £200 cashback! + + +These 6 things along saved us just over £200.00 a month (plus £240 up front!) – money in our pocket which we can use for other things! + +I know there is talk about increasing the use of solar panels - I am all for it, greener energy, hopefully cheaper too. + +I've seen reports of dodgy installers, crappy panels, damaged roofs; are there any good news story? + + +Who are decent installers? + +What government incentives, or discounts? + +Battery or just panels? + + +I see it as eventually compulsory for every house, so wanting to adopt early, but don't want a company to install and discontinue their service, damage my property or install panels that break and do nothing. + + +Are solar panels financially worthwhile? Are the returns worth it (over years, not months of course)? + + + +If you've installed panels and/or a battery, what would you do different, if anything? +I am playing with a FIRE model I built up. + +I know the trinity study recommends a 4% withdrawal rate. Suppose however that I fire on 5% 2 years earlier than the 4% date - which should be ok in 50% of the cases per the model I built, in the other 50% where things go south I can always return to the workforce and work a bit more. + +The assumed growth rate after inflation is 6%. Which means on average there will be growth after fire to a degree where the drawdown will be 4% after 3 years. + +Has anyone fire'ed like this, what are the pitfalls? +So here you are sitting with your bags full of coins that you don't even completely understand, but you were promised great returns. + +Are you thinking about tapping out? Cool. Nobody is gonna judge you. We all need to eat from time to time. +But you missed the golden rule of investment and I'm not gonna say it here ... Every comment is about the veterans telling the newbies what they should have done... but greed is a human flaw. + +King Solomon supposedly said it first: +This too shall pass. +I told myself the same when we reached 50k last year and started saving for the rainy days. + +We need bad times to appreciate the good times. +The only question is ... Is your bag full of solid tokens that can stand the test of time like Bitcoin. + +Personal opinion: I'm not buying anything untill we are under 20k. If we never come that low again it's also a win for me. I don't need the money I put in. +We see an influx of new investors that are always looking for the biggest payday and that big yield number gets everyone excited in the short term because it's instant satisfaction. + +Don't overlook stocks paying sub 2%, if they regularly increase their dividend at a nice rate your rate of return goes up. I'll use one of my holds as an example.... + +BAC current yield is 1.78% anyone buying in at the current share price can expect a sub 2% return on their investment. Now over time as they bump up the dividend, you are receiving a bigger cut based on the initial investment and with that YOUR yield rate goes up. + +My holdings + +BAC current 1.78% ---- my YOC 4.94% + +CSCO current 2.91% ---- my YOC 7.12% + +I also have Disney that I bought in at $35 a share but they currently have a suspended dividend. + +&#x200B; + +Just to show you don't be scared off by that low % if you plan to hold it long term. +U.K. politics does them regularly and they are quite revealing about the user base (disproportionately male and LibDem voting). Following jayjay3rd’s question about where the average income subscribers are (see link below) I think it would be interesting to see things like average age, income, saving rate, gender and location. What do you all think? + +https://www.reddit.com/r/UKPersonalFinance/comments/9m9ee2/question_are_there_any_whod_id_call_normal_people/ +Hi all -- I'm looking for some objective advice here, and I can't think of a better group to collectively ask. + +I've been active in this community for about a year now, and have decided that the FatFIRE path makes the most sense for my lifestyle and life goals. + +I'm at an inflection point in my career, and in keeping with the pursuit of FatFIRE as the ultimate goal, I'm hoping some of you may be able to offer advice and guidance - perhaps you've had a similar decisions in the past and have critical insights. + +29 years old. Currently work in a highly niche area of commercial management consulting. I make $170/yr, +bonus (\~10k). HH income is \~$270k. I max my 401k, save well, have 0 debt except car lease ($350), have $75k in my 401k plus 25k emergency fund. My FF goal is (at least $5m.) I will also likely inherit \~$800k in the coming months. + +Two close colleagues are co-founding a firm in the space doing slightly different work, and want me to join as the first hire. I'd be leading the first engagement while they build more business, and would lead this business unit as we scale. Our total rev per persons would likely be \~$380k/person to start. We haven't talked about salary, but I'm really at a loss as to what to ask for. I want to continue my path to FF - I'm not going to compromise that. Additionally, I would like to negotiate an incentive comp plan, and/or some sort of ownership slice of this BU. Want to be clear that this is NOT a tech startup, and the revenue and profit grow with each person we add. This is direct client support. + +Does anyone have experience negotiating this type of package? Off the top of my head, I was thinking about $225k base, 25% stake in the first engagement, and 30% profit sharing on all future "hunted and killed" new work. Am I off on this? Too much or lowballing myself? + +I believe that would keep me on the path to FF and I could reasonably hit my numbers. At the same time, this feels inherently risky. Thanks all. + +EDIT: Thanks for the advice so far. It sounds like asking for equity is nearly universally agreed on. BUT, what I'm really interested in is what folks think of the base comp and %s that I'm thinking about. Many thank for reading. +&#x200B; + +I just put this together on RH and it says "Custom". The Max Profit is $1800, the Max Loss is $700. I have a few questions: + +1) Is there a term for this? + +2) Does that Max Profit/Loss with such a wide breakeven seem unreasonable? Like, this seems like a pretty safe trade but is there something I'm missing? Anything you would do different? + +3) How much buying power am I going to have to lock up to do this? Just the $700 for max loss? Or more? + +Thanks! + +&#x200B; + +https://preview.redd.it/cpvgprr0mtn91.png?width=309&format=png&auto=webp&s=b37df47b7beeaf0a987fd0ebce535b546e824c9e +Edit: actually, found some nice confirmation bias: https://tradytics.com/bullseye-dashboard?alert=-X7GAV-oihxB-Jj4Od-K5krn-v9PuM + +A nice overnight gap, from $3097 to $3123, then slowly, slowly climbing to $3135, and I sell a call. What happens? The son of a bitch takes off to $3160 in the last 2h of trading. In hindsight, the 5-min RSI/MACD pointed to a possible upswing, but the volume that came in wasn’t to be anticipated, really. + +https://preview.redd.it/pr3py5h9hmq61.jpg?width=1242&format=pjpg&auto=webp&s=c43fa26cfcd07b14baa95033fce3b3a6fc6b3141 + +Here's what I thought of, immediately: + +https://preview.redd.it/5ekjj7y4gmq61.jpg?width=545&format=pjpg&auto=webp&s=c8b721db37de56616a0d0d5f27ff17337fdaf459 +Am I missing something here? DWAC 19 Jan 24 $10 puts selling for $2.55. Sell 100 puts for a $25k premium and worst case the merger deal falls through and the SPAC is ultimately dissolved returning it to $10 share and the puts expire worthless. + +Naked puts tie up margin but pocketing the premium appears guaranteed unless I’m incorrect on what happens to options if it is dissolved. +Hi folks. + +Does anyone here use the Unusual Whales service for put selling? I'm a subscriber and have played a couple long calls based on Unusual Whales signals or my screener setup + my proprietary "due diligence". + +Was wondering if anyone here also uses Unusual Whales but for spotting cash-secured put opportunities. + +If so, any screen/filter preferences? I have a few CSP screener setups on Barchart and look for some conviction on the long side with Unusual Whales +Let me tell you a real story. Years ago I was at a business trip in Russia. I went to a local grocery store and I was in a line waiting to pay my beers or whatever I was planning to buy. In the line front of me there was a lady. She was buying bag of potatoes and something and she was holding the line. She was holding the line because she was paying with pennies (kopeks). Those of you fellow apes who know rubles you know that pennies of them do not hold a much of a value. So there she was with a quite much of them and the cashier was building piles to be able to count the needed amount. She was a beggar. + +In that moment when I realized the situation, I should have just step up, differentiate from the crowd, and just pay those groceries. But I didn't. I just stand there trying not to look annoyed or anything, because it was such a humiliating situation for her anyways. I am not rich. I was born in a single parent home, with alcoholic father. But in that context and at that moment I was a millionaire. + +I have been thinking this for a LONG time. At least ten years now. And I will take it with me to my end. I can't help her anymore, but I will help others once the universe will give me a change. This is what I promise. + +I shared this with you because I am sure that once we moon, the transfer of wealth like that has ever happened before, will make this world a little better place. We know how it feels to be a poor. And we do care others around us. + +I'm ready. +Rise of the Planet of the Apes about to look like a documentary. + +"Stock Market Short-Sellers Could Be Hit With Racketeering Law: Report" https://markets.businessinsider.com/news/stocks/stock-market-short-sellers-doj-investigation-mafia-law-rico-racketeering-2022-2?amp + + +The Department of Justice is exploring if they can charge stock market short-sellers with the same law used to prosecute the mafia, according to a Reuters report. + +Several short-selling research firms have been on the DOJ's radar as they investigate illegal trading tactics. + +Subpoenas have been sent to dozens of firms, including Citron Research and Muddy Waters. +CONTEXT: My partner and myself are looking at buying a new build home in Yorkshire, and have found a house priced at £230,000 (round number). Due to him working for the last 10 years pretty much and living with his parent, it has meant he has saved the majority of our deposit, and we have been lucky enough to save enough for a 10-11% deposit. Due to the house price though, and no incentives being included it would mean pretty much all of our money would go on the deposit, and we would have nothing left over for furniture/emergency funds etc. In terms of our current living situation, like I said he lives with his parent at the moment, doesn't really spend an awful lot and only really has to pay £100 board at home and then £400 a month for his car. This being the car finance, insurance and a little left over that goes into an emergency car fun. My personal situation is that I house share, and have been there for the last 14 months after graduating uni. Again I am lucky in that the rent is cheap and includes all of my utilities/bills. Anything else outgoing are things like phone bill, Netflix and other subscriptions, and anything left over after food and casual spending is going towards savings. + +As I said before the house is £230k and we have a full deposit BUT if we went for 100% ownership it would mean we have nothing left over for furniture, flooring or upgrades, and at the moment the only furniture we own between us is a bookshelf and a double bed! With this in mind we are considering the Help to Buy option so we would only need to have half of the deposit, leaving us with the cash to spend on the things we need. SO my question is ... + +With help to buy, it is always advertised as being a 5% deposit / 20% equity loan / 75% mortgage. All the examples in every article use this breakdown, but what if we wanted to take a smaller equity loan? I understand that the more deposit we put down the smaller the final mortgage percentage, but what if we only wanted to have a 10% equity loan? So the breakdown would be 5 / 10 / 85? The other thought with this is that if the equity loan is smaller we would in theory be able to pay it off quicker, whether this be paying in a 50/50 chunk, paying it off 100% by remortgaging, or selling the house when the 5 years interest fee period is over. + +Any advice with the above would be really helpful, or if anyone has any advice when it comes to buying a new build that would also be greatly appreciated!! +We've recently put our house on the market and some close friends are probably going to put in an offer with our estate agents. We're expecting multiple offers and it will probably go to best and final. + +I'm a bit weary about mixing finances and friendships but at the same time we're doing everything above board going through an estate agent and they are our friends at the end of the day. Plus if they do put in a decent offer then it would make moving day a hell of a lot easier. + +Basically I'm looking for peoples experiences and opinions around this. Do you think its best to discuss various scenarios up front with them before it goes to best and final? stuff like what happens if the banks valuation is lower than the offer price ect? +Basically fresh out of Uni and got into a bottom of the pile role at this media company, however they have promised possibilities of progression through the ranks and it's a really great place to work for! + +On 15k a year we get by but always seem to have envy of other graduates on say 27k a year or people also at 21 years old who have a solid 22k+ salary. + +Any else find they do this and have any advice for getting out of that mindset? + +EDIT: Cheers for all the responses guys, self worth is a key thing and I think I'm beginning to understand what I'm worth, but also not to compare as I'll never really know if others are as happy as I am right now. I mean I've got a job, a great mrs, understanding parents etc... so thanks for the messages! +My boss called me saying they are being forced to consider redundancies.i would get 16 weeks pay so ~$22,000. +Been there 4.5 years. +Obviously finding a new job in pandemic is difficult at the moment. I'm 27 and never really saw it coming. + +*Parks and gardens manager for local gov. +I got promoted from team leader to operations manager recently now they are looking to merge the middle management staff with tourism and some marketing. Whoever stays will have an increased portfolio. +Recently I attended a webinar from Zerodha about Options trading and they seems to make it look like a low risk high return investment. Is it really true or it's just marketing? +Every day since January I wake up with my titties jacked. This could be the day, or not!!! + +I’m getting my shit together while getting ready for the MOASS. I’ve reorganized, redecorated and tidied my home. Gotten rid of all of the bullshit stuff I had. I’ve lost 25 lbs since January. I got to throw out all my fat girl clothes and buy clothes that make me feel good. I’ve been working out, eating clean. I stopped drinking and using drugs. I’m off my depression meds and feeling fine! I feel more confident than ever. I’ve made friends, gotten a promotion at work (they’re gonna miss me)!! Honestly my life has never been better. And the longer they kick the can down the road, the longer I have to acquire more shares and improve my life even more!!!!! + +Edit: + +Hey guys! Thanks for the love. I thought it might help if I gave details on how I achieved these things to hopefully help and inspire you all. + +Weight loss: I started eating more fruits and vegetables. I eat 2-3 meals a day, cut back on snacks. I make sure to eat plenty of protein. Drink water. Cut back on anything that doesn’t make me feel great (I was living on muffins and pastries before). A little bit of intermittent fasting. Try to walk about 30 minutes a day. Don’t worry too much about exercising if your goal is weight loss, for me it makes me hungrier (especially cardio). Calories in, calories out is the most important factor. Track intake using My Fitness Pal. Treat yourself every once in a while. Now that I’ve reached my goal weight I do strength training for muscle toning. The weight fell off faster than ever in my life and I have always struggled. + +Reorganizing home: I went through each category of items one by one and got rid of anything that I don’t love. Clothes, kitchen stuff, books, beauty products, expired or never used food items and vitamins… go through everything! + +Everything else has been like a domino effect. The weight loss, healthy eating and exercise has made me more confident at work and boosted my mood. The daily walks in the sun help too. + +Most importantly, take it slow and be kind to yourself!!! Become obsessive about self-care. When you’re taking care of yourself and showing yourself love, you want to be the best person you can be. +I came across this interesting [interview](https://www.bloomberg.com/view/articles/2017-12-28/what-makes-the-u-s-retirement-system-a-bad-example) today on Bloomberg with Angelien Kemna, the former manager of the Netherlands $400 billion pension portfolio. Kemna mentioned how the US system of individual retirement savings ultimately is more expensive and more risky for individual savers than a pension system. The main reason individual retirement vehicles are so popular with politicians is because it defers the responsibility onto the individuals. + +On the other hand, however, I enjoy the freedom of being able to plan for retirement the way I want (RE?) which would be more difficult under a pension system. What are your thoughts on this interview and do you think Kemna is right in her assertions? + +This is a response to a multitude of posts I've seen attempting to waive away the current Fed path as no big deal. This is not a doom post. The economy is unlikely to face a major recession any time soon. The pain in stocks on the other hand, is almost certain to continue for a while and may be pretty bad before it's all over. Not all rate hike cycles are the same. The total increase in rates matters, the speed of hikes matter, what is happening in the broader economy matters. But many of these posts leave all of that context out. A lot of you I think are relying on misleading, overly simplistic, devoid of context arguments to inform your thinking and it will probably result in losing money. + +Many people on this board seem to have little knowledge of markets before 2020. Hopefully this provides some education, and convinces you to proceed with caution. The last three years (yes, I'm intentionally including 2019, pre-pandemic) are highly abnormal and almost certainly will not continue. So if your frame of reference for what's normal is the last three years, read on, and seriously consider reducing your risk exposure. + +You've probably seen a number of posts like this, implying monetary tightening is no big deal and you should just shrug it off: + +*Market returns during Fed rate hike cycles:* + +*Aug 1954 - Oct 1957: 14%* +*Jun 1958 - Nov 1959: 24%* +*Aug 1961 - Nov 1966: 7%* +*Aug 1967 - Aug 1969: 4%* +*Mar 1972 - Jul 1974: -9%* +*Feb 1977 - Jun 1981: 11%* +*Mar 1983 - Aug 1984: 13%* +*Jan 1987 - May 1989: 16%* +*Feb 1994 - Feb 1995: 4%* +*Jun 1999 - May 2000: 10%* +*Jun 2004 - Jun 2006: 8%* +*Dec 2015 - Dec 2018: 8%* + +The implication is that what the Fed does is no big deal, and a lot of people seem to believe that. Or more likely, nervously convince themselves it's true, because they want it to be. + +**TLDR:** + +1. Monetary tightening is bad for stocks. This is indisputably true. That doesn't necessarily mean stocks will decline during monetary tightening. If they rise, it will be less than they would if monetary policy were eased. Stocks often decline soon after a rate hike cycle or at some point during the cycle, but the numbers above don't show you that. Conveniently. +2. Quantitative easing has completely changed the picture. Pre-QE references are not comparable. The combination of high inflation, QT and rapidly rising rates happening simultaneously has no historical comparison. And it is likely to cause a significant bear market. +3. Don't fight the Fed. + +**Refer to:** + +S&P 500 P/E: [https://www.multpl.com/s-p-500-pe-ratio](https://www.multpl.com/s-p-500-pe-ratio) + +Shiller P/E Ratio (CAPE): [https://www.multpl.com/shiller-pe](https://www.multpl.com/shiller-pe) + +Fed Balance Sheet: [https://www.federalreserve.gov/monetarypolicy/bst\_recenttrends.htm#:\~:text=Charts%20are%20generally%20updated%20at,4%3A30%20ET%20on%20Thursdays](https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm#:~:text=Charts%20are%20generally%20updated%20at,4%3A30%20ET%20on%20Thursdays). + +Fed Funds Rate: [https://www.macrotrends.net/2015/fed-funds-rate-historical-chart](https://www.macrotrends.net/2015/fed-funds-rate-historical-chart) + +S&P 500 Chart: [https://www.macrotrends.net/2324/sp-500-historical-chart-data](https://www.macrotrends.net/2324/sp-500-historical-chart-data) + +**Why is this different than other rate hike cycles?** + +QT and rate hikes have only occurred once, at a much smaller scale than what we're facing now, and it caused a bear market. During any of the previous rate hike cycles, QE/QT did not exist. + +Shrugging off the current path of the Fed is I think going to result in a lot of pain for anyone who tries to do it. Arguments like the above ignore an awful lot of context. Such as: + +* Many of these rate hike cycles did in fact cause bear markets. Just not immediately. Bear markets did occur during the rate hike cycles or soon after. Some of them were quite painful. +* What was happening with the economy? Generally the Fed has, and should, raise rates at the start of economic expansion, and lower rates as growth slows or contracts. That is the path many previous rate hike cycles followed. Is that where we are now? No it isn't. The Fed is tightening as growth has peaked and is about to slow. Facing headwinds from inflation and supply disruptions. The economy, and stock markets, are better able to withstand tightening when an expansion phase is ramping up than when peaked and is facing many headwinds to growth. +* Quantitative tightening is a much bigger bomb than the Fed funds rate. QT is almost entirely unstudied because it has not happened on a meaningful scale. **The only example of QT we have, caused a bear market that did not reverse until the Fed reversed.** +* Stock valuations by any measure are extreme by historical standards. Previous monetary tightening cycles generally began with more historically normal valuations. + +Stocks valuations are in bubble territory by historical valuation metrics. This isn't disputable, so if you're thinking of trying, don't. You might have convinced yourself that something is different now and the new, much higher than historical valuations are justified for reasons. It's possible you're right, but probably not. High valuations can generally only be supported by low interest rates and QE. Both of these are ending. + +Valuation using CAPE, we are at a multi decade high, only the dot com bubble has exceeded current valuations. Even during the roaring 20s, which preceded the great depression, valuations did not reach the levels they are at now. + +Valuation by S&P 500 P/E, we were in the mid 20s at the start of the year. Which is higher than nearly any point in history, other than dot com. Estimated now at around 21 thanks to this little correction. Which is still very high by historical standards. S&P 500 P/E over 20 has never been sustained for long outside of bubbles or when propelled by QE. + +Most Fed tightening cycles did include significant periods of pain in stock markets. Or were followed soon after. Though the no big dealers present it in a way that you don't see that. + +Right now, we have a stock market bubble, an over heated economy, high inflation, and an aggressively tightening Fed. This combination of factors has no precedent in post-WW2 US history. + +**Extreme Valuation Peaks:** + +*Roaring 20s - September 1929* + +CAPE: 32.56 + +S&P 500 P/E: 20.17 + +*Dot Com - Mid 2020* + +CAPE: 42.87 + +S&P 500 P/E: 28.50 + +*November 2021* + +CAPE: 38.58 + +S&P 500 P/E: 24.5 + +The previous two peaks were followed by massive losses in stocks that did not recover for more than a decade. + +**Rate hikes plus QT** + +Bulls are dramatically underestimating the impact of simultaneous rate hikes and QT, at a time the economy has already peaked and growth is going to slow. There is no historical precedent for this. + +QE first happened in the US in 2009. QE continued through November 2017. At that point the Fed began a slow QT process. The Fed had previously begun raising rates in 2015. This was a slow rate hike cycle at a rate of about 25bp every 3-6 months. In November 2017, the Fed announce QT. This started fairly slow, and progressed to a moderate pace. All told, QT lasted from November 2017 to August 2019. The Fed balance sheet contracted from 4.45 trillion to 3.76 trillion. A rate of about 31 billion a month. + +The combination of rising rates and QT caused a bear market in the fall of 2018. It ended when the Fed pledged to stop raising rates in December 2018. Then, even though the economy was fine, the Fed started cutting rates in 2019 and resumed QE. The resumption of QE astonished many analysts. The Fed in fact didn't call it QE, though it clearly was. So what was this? This was the Fed put. Stock and bond markets ballooned in 2019, the beginning of the Fed induced acceleration of one of the largest asset bubbles in US history. All because of printed money from the Fed, at a time it was not needed to support the economy. It's important to note, risk assets were not exactly cheap by historical measures before 2019. + +**Where are we now** + +Let's compare now to 2018, the only other time QT has happened, alongside rate hikes. + +From 2015-2018, the Fed hiked rates around 25bp a quarter. Today, we're looking at 50bp a month, for probably 3 months, followed by 25bp a month. A rate of increase around 5 times faster than 2015-2018. + +From November 2017 through August 2019, the Fed reduced its balance sheet by an average of 31 billion a month. Today, we're looking at 95 billion a month. A rate 3 times faster. + +A bear market began in September 2018 in response to QT and rising rates. The bear market of 2018 did not stop until the Fed stopped raising rates. QT ended soon after, and was followed by more QE. What happened? In 2018, inflation was not a problem. So the Fed Put was able to kick in. The Fed came to the rescue of the stock and bond markets. Can this happen now? No, not any time soon. The Fed has to fight inflation. There will be no Fed put to save stocks this time, not soon anyway. + +Valuations were less extreme at the start of the 2018 bear market. + +*September 2018* + +CAPE: 32.62 + +S&P 500 P/E: 22.52 + +*November 2021* + +CAPE: 38.58 + +S&P 500 P/E: 24.52 + +**Previous Rate Hike Cycles:** + +You don't really need to continue reading if you don't want to. But important context is provided for each rate hike cycle. Most of these were not exactly raging bull markets, and in many ways were not remotely comparable to where we are now. + +Aug 1954 - Oct 1957: 14% + +* The US exited a recession in May 1954. +* The Fed raised rates into an economic expansion from around 1.5% to 3% over the course of about a year and a half. Briefly touching 3.5%, upon which a recession immediately followed. +* Bear market from 1956 to 1957 +* CAPE and S&P 500 P/E in the mid teens + +Jun 1958 - Nov 1959: 24% + +* The US exited a recession in April 1958. +* The Fed raised rates into an economic expansion from around 1.5% to 4% over the course of about a year. A recession followed in April 1960. +* Stocks dropped from 1959 to 1960 but did not officially enter a bear market +* CAPE and S&P 500 P/E in the mid teens + +Aug 1961 - Nov 1966: 7% + +* The US exited a recession in January 1961. +* The Fed raised rates into an economic expansion to 6% over about 4 years. Worth noting this coincided with one of the longest and strongest US economic expansions. It included the Vietnam war and expansive fiscal policy. +* Bear markets in '61 and '66 +* CAPE and S&P 500 P/E in the high teens to low 20s + +The inflation era from the late 60s to early 80s. I'm going to talk about this qualitatively because looking at the numbers above is meaningless. You might look at the numbers above and think, oh look, 1977-1981, those were pretty good years in the market. No, it absolutely wasn't. Inflation outpaced market gains. + +On an inflation adjusted basis, the S&P 500 was in nearly a 15 year bear market from 1968-1982. On an inflation adjusted basis, the market declined 65% over 15 years. This does not account for dividends. It was absolutely brutal. P/E on the S&P 500 declined deep into single digits. Yes, that's right, for all you who think a P/E of 20 is cheap, single digits. I believe it bottomed around 6-7. CAPE also declined into the single digits. Why? Stagflation. Interestingly, now is the first time since then that any serious person is seriously suggesting we may enter a period of stagflation. + +Mar 1983 - Aug 1984: 13% + +* The US exited a brutal recession in December 1982. The recession was caused by, you guessed it, The Volcker Fed fighting inflation. Sound familiar? As a reminder (see above) stock valuations were at rock bottom before this rate hike cycle due to a brutal recession. In March 1983, when this rate hike cycle began, P/E was 12.23. A year earlier, it was 7.5. CAPE was at 9.23, a year earlier it was 6.95. This doesn't sound much like where we are today does it? +* The Fed raised rates into an economic expansion +* Remember, stocks were exiting a period where P/E had been driven down to single digits. By the end of 1984, S&P 500 P/E and CAPE had risen to 10. When valuations are low enough, stocks can rise even in the face of rising rates. But we don't have low valuations now do we? + +Jan 1987 - May 1989: 16% + +* This period included Black Monday +* The phrase Greenspan put is born (which would later become the Fed put) following Black Monday. In other words, calling this a rate hike cycle leaves out important context. There was an enormous market crash, and the Fed responded immediately by cutting rates. Only raising rates again once the market had stabilized. Without the Fed put when the market crashed, this period would likely not have been so great. +* CAPE low 20s. S&P 500 P/E had risen to low 20s before Black Monday, collapsing to low double digits. + +Feb 1994 - Feb 1995: 4% + +* The Fed raised rates from about 3% to about 6% +* Stocks went pretty much nowhere. Declining overall on an inflation adjusted basis. There were a couple of significant corrections in this period. At no point was there a rally above the 1994 highs until the fed stopped raising rates. +* CAPE low 20s, S&P 500 P/E declines from low 20s to mid teens + +Jun 1999 - May 2000: 10% + +* Fed raises rates from around 4.5% to around 6.5% +* It's hilarious to suggest stocks did fine here, as the Fed rate hikes, among other events, popped the dot com bubble. Which was one of the most brutal multi year periods in market history. Stocks would not recover to the 2000 highs for almost 15 years. + +Jun 2004 - Jun 2006: 8% + +* Another bubble is forming, this time in housing and synthetic mortgage securities. These Fed rate hikes are one reason for that bubble popping, which caused a 60% draw down in the S&P 500. + +Dec 2015 - Dec 2018: 8% + +* We are now in a QE world +* As a result of slow rate hikes and modest QT beginning in late 2017, a bear market forms in the fall of 2018. +* The bear market stops only when the Fed reverses course. Cuts rates and resumes QE. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Being in crypto for over 6 years now (which shouldn't mean anything) and got into solidity this sub has become unbearable for me this past year. Every single post 9 times out of 10 was pure hopium and anyone with a different view was downvoted into oblivion. Majority of the posts here reminded me of the whole DOGE to the moon phase. + + I don't learn anything new in here and have to resort to other subs to keep myself up to date with tech. + +And the people I see claiming to be in crypto for 10 years and just HODL are so full of shit by just doing a simple search through their post history. + +People were telling you at $50k "invest all your bags!" and "BTC is on sale it will never be this low again". Those same people claimed we were in a "bear market" I honestly heard that term thrown out so much that I even question if I know what it means anymore. + +Welcome to an actual bear market. + +You have the idea to HODL but many of you are completely over leveraged. You over invested what you could afford to lose and have the mindset that you're still going to HODL. That's ok. + +Heres what's going to happen over the course of the next year or so. + +Crypto market could get worse and stay like this for a couple years. Most of you will lose hope and something will come up in life (bills, trips, etc). You will take a little bit out promising you will put more back in eventually. Slowly depleting your portfolio. + +Years will go by and the next run will come and then you will reinvest again but this time will be different. + +Your lessons will be your own. + +We're all full of shit on here no one knows shit. + +Start learning about the technology behind everything and the backend stuff in order to fully believe in crypto. Hopium posts on Reddit, MSNBC, tech crunch articles are not going to keep your hopes up. + +Edit 1: There’s other subs on here that will be helpful. Discord groups, reading white papers, even Twitter has gold. + +Edit 2: [Post from 9 years ago to help you understand](https://www.reddit.com/r/Bitcoin/comments/1c5j46/you_people_are_seriously_not_thinking_clearly/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +That is right. It is a dumb fuck company. They did manage to run blockbusters out of business but at least blockbusters had the fucking movies I wanted to watch. This is a story of why I cancelled my Netflix subscription and why I will be shorting the stock before their next earnings (obv they lost a customer and yes they need my money). So I was chilling and doing my usual daily routine (losing money). Then I remembered how much I love watching Kill Bill. I've seen it more than 10 times but I enjoy rewatching it every 4-5 months. But guess what, this dumbfuck company decided to remove Kill Bill from their platform. There I was pissed and scrolling through movies, I've seen Keanu Reeves. Then, I decided that I was going to binge-watch matrix. As I was searching for the Matrix, I realized that there are Matrix parts 1 and 3. Part 2 was nowhere to be found. This made me even more pissed and I have proceeded to cancel my Netflix account. So as you all can see Netflix doing dumbfuck moves. Like why tf would someone remove part 2 and keep the rest. Doesn't make sense. Anyways I'm looking for another streaming platform where I don't have to pay. Thanks +Let’s talk about something serious guys. I know this page is full of some legit senders and we like to throw it all on black. + +But what do we thinks going down with China? They defaulted 305 BILLION last month. And I believe 500 million or more of it was on American creditors. With a billion in our real estate here in the americas and another 3 billion around Europe? I think numbers could be a bit off but the default is a solid number that was calculated. + +This reeks of 08. And of course people claim that they will be bailed out. Except someone’s going to hold the bag like JP and Lehman did in 08. + +So, we know China and the US aren’t the friendliest buddies. Or even Europe for that matter. What’s to stop them from pushing it to us? Who’s following this and what’s your plan or position? It’s easy to pull capital and “wait” but who knows how long that will be till the bottom drops and to what extent. +I see MSFT, AAPL, GOOG, and etc get recommended as buy-and-hold stocks all the time. While I do own a good amount of these stocks, I wonder what blue chips were the MSFT, AAPL, and GOOG 20-30 years ago and failed. And why did they fail. +**EDIT:** I read your comments and apologize for giving people such misguided Hopium. I was very lucky. I bought right before the Bull market started, and I could've just as easily lost everything. Be smart. Invest with knowledge and know what you're doing. I said the same in a new post I just made. + +Note: This applies from the 3rd of October, 2020 to the 3rd of October, 2021, when I wrote the post. I'm posting it today because I had trouble accessing it all. + +Like it says on the title: last year I just happened to have $50 to spare and, instead of adding it to my other crypto investments, I decided to have a little fun and invest on coins with a low market value that no one seemed to know about (at the time anyways). I swore to myself that I would not check on their progress until a full year had passed. + +Why October 3rd? Because I knew I'd remember it due to all the Mean Girls and FMA memes, that's why. + +Anyway, without further ado, here are the ten coins and how much money they've made me since: + +**#1: Polkastarter (POLS)** is a cross-chain decentralized exchange (DEX) built on Polkadot for token pools and auctions. Its value rose **208.3%** in the past year, earning me **$10.41** extra. + +**#2: Flamingo (FLM)** aims to unleash the full potential of DeFi, a crucial component on which to base the Neo Smart Economy. Its value rose **21.4%** in the past year, earning me **$1.07** extra. + + +**#3: Tellor (TRB)** is a decentralized oracle network that allows smart contracts on Ethereum to securely connect to external data sources. Its value rose **162.4%** in the past year, earning me **$8.12** extra. + +**#4: Qtum (QTUM)** is a cryptocurrency which uses a proof-of-stake consensus model for creating new blocks, which is far easier and less energy-intensive than Bitcoin's proof-of-work model. Its value rose **509.8%** in the past year, earning me **$25.49** extra. + +**#5: Polymath (POLY)** is an Ethereum token that aims to facilitate digital securities trading on the Polymath platform. Its value rose **2031.2%** in the past year, earning me **$101.56** extra. + + +**#6: Stellar (XLM)** is a decentralized protocol on open-source code to transfer digital currency to fiat money domestically and across borders. Its value rose **343.4%** in the past year, earning me **$17.16** extra. + +**#7: Monero (XMR)** uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Its value rose **149.8%** in the past year, earning me **$7.49** extra. + + +**#8: Serum (SRM)** is a decentralized exchange software built on Solana where cryptocurrencies can be bought and sold by traders. Its value rose **470.8%** in the past year, earning me **$23.54** extra. + +**#9: Avalanche (AVAX)** is a platform for creating custom blockchain networks and decentralized applications (dApps). Its value rose **1599.8%** in the past year, earning me **$79.99** extra. + +And finally, the last coin, which gave me astronomical returns, and which makes me incredibly sad I didn't put more money into it. But oh well. Hindsight is 20/20 as they say. + +**#10: Gala (GALA)** is a platform that builds a range of blockchain-powered games, each of which provides players with true ownership of their in-game items through the use of non-fungible tokens (NFTs). Its value rose a wooping **12153.9%** in the past year, earning me **$607.695** goddamn extra. + +So... yeah, that was wild. Notice how there was nothing but profit. If you invest in crypto and leave it alone for a year, it will almost surely be nothing but profits. I love crypto because of that. + +It was fun! I'll probably do the same right now, and come back in a year with another post like this :D +**🐕 Welcome to the age of Kai Inu** + + +At the top of the secret mountain, where the line between land and sky blurs, the veneered Kai Inu was forged by ancient monks. Kai Inu was declared 1934 as a natural monument and 2021 it is time to declare it as a crypto meme monument. + + +The first Inu Token on #BSC! + + +✅Tokenomics + + +Total supply : 1,000,000,000,000,000 $Kai Inu + + +Liquidity Provision : 5,063 LP $KaiInu burnt: + + +\[[https://bscscan.com/token/0x1d41661e74f104415c505786c14b8e6338d096d4?a=0x0000000000000000000000000000000000000001\](https://bscscan.com/token/0x1d41661e74f104415c505786c14b8e6338d096d4?a=0x0000000000000000000000000000000000000001)](https://bscscan.com/token/0x1d41661e74f104415c505786c14b8e6338d096d4?a=0x0000000000000000000000000000000000000001](https://bscscan.com/token/0x1d41661e74f104415c505786c14b8e6338d096d4?a=0x0000000000000000000000000000000000000001)) + + +✅ Circulating Supply: 683,700,000,000,000% (68,3%) + + +7%Tax, which 3% goes to liquidity, 2% goes to marketing wallet and 2% to holders. The marketing Wallet will be used for buy backs/ Liquidity and paying listings. Fees going through Pancakeswap Router! + + +&#x200B; + +\[[https://bscscan.com/address/0x10ed43c718714eb63d5aa57b78b54704e256024e\](https://bscscan.com/address/0x10ed43c718714eb63d5aa57b78b54704e256024e)](https://bscscan.com/address/0x10ed43c718714eb63d5aa57b78b54704e256024e](https://bscscan.com/address/0x10ed43c718714eb63d5aa57b78b54704e256024e)) + + +——————————— + + +Why HODL $KaiInu? + + +\\-Fair Launch + + +\\- 31,3% Token Burned + + +\\- Buy Backs + + +\\- Ownership renounced + + +\\- Adding additional Liquidity + Burning + + +\\- LP burned + + +\\-Auto LP Mechanism like Safemoon + + +\\- INU power + + +📑Contract : + + +\[[https://bscscan.com/token/0xe5a09784b16e1065c37df14c6e2f06fdce317a1b#balances\](https://bscscan.com/token/0xe5a09784b16e1065c37df14c6e2f06fdce317a1b#balances)](https://bscscan.com/token/0xe5a09784b16e1065c37df14c6e2f06fdce317a1b#balances](https://bscscan.com/token/0xe5a09784b16e1065c37df14c6e2f06fdce317a1b#balances)) + + +&#x200B; + +🥞Buy on Pancake V2: \[[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe5a09784b16e1065c37df14c6e2f06fdce317a1b\](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe5a09784b16e1065c37df14c6e2f06fdce317a1b)](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe5a09784b16e1065c37df14c6e2f06fdce317a1b](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe5a09784b16e1065c37df14c6e2f06fdce317a1b)) + + +&#x200B; + +📈Chart : \[[https://www.dextools.io/app/pancakeswap/pair-explorer/0x1d41661e74f104415c505786c14b8e6338d096d4\](https://www.dextools.io/app/pancakeswap/pair-explorer/0x1d41661e74f104415c505786c14b8e6338d096d4)](https://www.dextools.io/app/pancakeswap/pair-explorer/0x1d41661e74f104415c505786c14b8e6338d096d4](https://www.dextools.io/app/pancakeswap/pair-explorer/0x1d41661e74f104415c505786c14b8e6338d096d4)) + + +&#x200B; + +🔥Team burned all LP: + + +\[[https://bscscan.com/token/0x1d41661e74f104415c505786c14b8e6338d096d4?a=0x0000000000000000000000000000000000000001\](https://bscscan.com/token/0x1d41661e74f104415c505786c14b8e6338d096d4?a=0x0000000000000000000000000000000000000001)](https://bscscan.com/token/0x1d41661e74f104415c505786c14b8e6338d096d4?a=0x0000000000000000000000000000000000000001](https://bscscan.com/token/0x1d41661e74f104415c505786c14b8e6338d096d4?a=0x0000000000000000000000000000000000000001)) + + + + + +🔥Burn and Buybacks: + + +Dev burning and buying from Initial market: \[[https://bscscan.com/token/0xe5a09784b16e1065c37df14c6e2f06fdce317a1b?a=0x322298385e0796e08122ce28254b0a0839540cff\](https://bscscan.com/token/0xe5a09784b16e1065c37df14c6e2f06fdce317a1b?a=0x322298385e0796e08122ce28254b0a0839540cff)](https://bscscan.com/token/0xe5a09784b16e1065c37df14c6e2f06fdce317a1b?a=0x322298385e0796e08122ce28254b0a0839540cff](https://bscscan.com/token/0xe5a09784b16e1065c37df14c6e2f06fdce317a1b?a=0x322298385e0796e08122ce28254b0a0839540cff)) + + +&#x200B; + +🔥 Ownership Burned + + +Ownership renounced :[https://bscscan.com/tx/0x38af2933629afe3e4619b79a22126d9723e8cf37b0094ae500191f20d6b16a8a\](https://bscscan.com/tx/0x38af2933629afe3e4619b79a22126d9723e8cf37b0094ae500191f20d6b16a8a)](https://bscscan.com/tx/0x38af2933629afe3e4619b79a22126d9723e8cf37b0094ae500191f20d6b16a8a](https://bscscan.com/tx/0x38af2933629afe3e4619b79a22126d9723e8cf37b0094ae500191f20d6b16a8a)) + + +Links: + + +📳Telegram : \[[https://t.me/KaiInuToken\](https://t.me/KaiInuToken)](https://t.me/KaiInuToken](https://t.me/KaiInuToken)) + + +🌐Website : [https://www.kaiinu.io](https://www.kaiinu.io) + + +🔥Reddit: \[[https://www.reddit.com/r/KAIINU/\](https://www.reddit.com/r/KAIINU/)](https://www.reddit.com/r/KAIINU/](https://www.reddit.com/r/KAIINU/)) + + +🕊Twitter : \[[https://twitter.com/KaiInuFinance\](https://twitter.com/KaiInuFinance)](https://twitter.com/KaiInuFinance](https://twitter.com/KaiInuFinance)) + + +📢Announcement Channel: \[[https://t.me/KaiInuAnnouncement\](https://t.me/KaiInuAnnouncement)](https://t.me/KaiInuAnnouncement](https://t.me/KaiInuAnnouncement)) + + +📸: \[[Instagram.com/KaiInuToken\](https://Instagram.com/KaiInuToken)](http://instagram.com/KaiInuToken](https://Instagram.com/KaiInuToken)) + + +If you have any questions, feel free to hit us up on any of our socials! We have an engaging and active community to clear up any questions you have! +Website: https://www.y-5.finance/ + +Twitter: https://twitter.com/Y5Token1 + +Discord: https://discord.com/invite/m89EZZUcp4 + +Reddit: https://www.reddit.com/user/Y-5Finance + +Telegram: https://t.me/Y5TOKENOFFICIAL1 + +The new standard in DeFi tokens, check out Y-5 Finance at the above links. Will be the first to offer a REGULATED TOKENOMICS EXCHANGE. + +From 123-BSC.com: + +The Y-5 team was able to overcome every obstacle faced and successfully grow to 4,000+ holders and $2MM BUSD rewards distributed in its first 2 weeks. The CEO Bradley, leads the operations and has a military and financial background. Furthermore, he is surrounded by trusted advisors who are experienced in the regulatory environment. Y-5 is embarking on a journey to solve the pain-points currently experienced in the industry as well as bring investing in tokenomics projects to the masses via a regulated exchange. On their short-term roadmap, they are announcing innovations of being able to stake tokens while receiving BUSD rewards as well as the ability to receive reflection rewards of any token with a BSC address. + +CEO Bradly’s update on 2022/02/02: + +It has been a very, very busy and proactive 2 weeks with the team and advisory board. We have gone firm on our roadmap and order of our releases. Please note this may be subject to change however, we are now fully engaged to deliver this Y-5 roadmap. + +Our first version of the exchange will be ready in 5-6 weeks. + +We will then move on to the following: + +- Wallet +- fiat on and off ramping +- Stable coin Y-5GBP & Y-5USD +- Token launchpad +- NFT Marketplace +- The Y-5 Chain +- V2 and custom reflections. + +Some of the above will be worked on in parallel. + +Listening to the TG group we felt it was important for the community to have a voice. So are also now a fully functioning DAO, giving the power to the community to submit proposals. You must own over 500B of Y-5 to submit a proposal. However, anyone can vote on any of the proposals submitted. + +https://snapshot.org/#/y-5.eth + + +I’m really excited about and looking forward to the AMA. So please get all your questions ready. I will make sure I answer them all. + +Thank you to all the investors and this amazing Y-5 community. +I spoke with a representative from Vanguard this morning regarding the split and at first he said it was a normal split and wasn't sure where I was getting my information on the split as a dividend and asked me where I was getting my information. I referred him to the investor relations page and was put on hold. + +The rep then informed me that **Vanguard treated it as a forward split** and that "*It's gonna work out to be in essence the same thing*." When I told him that no, they're not the same thing, he put me on hold again to speak with someone else. + +[He was convinced the split type didn't matter, but also didn't know the difference](https://preview.redd.it/p9qr2ghyfig91.png?width=1080&format=png&auto=webp&s=1024644d110bf10c49a62fc869e23b42a7f5c891) + +[He said that they coded it properly on the backend, but he didn't know what codes they were. He didn't think the \\"big end\\" \(i.e. DTCC\) would make a mistake like that](https://preview.redd.it/f1prpghyfig91.png?width=1080&format=png&auto=webp&s=6259cbf9163959eeef394f6333aa84ffde99e292) + +Basically I was on hold on and off while he got more information when I asked questions he couldn't answer. I was able to screenshot some of the call, but words were transcribed incorrectly and some was not reported at all as Android stops the transcript when you're put on hold and will not resume until you tell it to. + +Overall I was told basically what everyone else was. I asked to speak with a supervisor or compliance, but was told to do so via the message portal. **I have created a very detailed letter to Vanguard requesting a copy of the call audio as well as additional information regarding the coding of the split**. Hopefully I hear something soon! Depending on my response, I may submit the response to the SEC for further action. + +[1st page of the letter less my name and account info](https://preview.redd.it/iqbe81b0jig91.jpg?width=526&format=pjpg&auto=webp&s=8a947f600c8d198799c92d36e93d2dd661eb1afa) + +[Page 2 showing exhibits, which were attached within the PDF letter](https://preview.redd.it/a7r139msfig91.jpg?width=583&format=pjpg&auto=webp&s=f8ea67c6440ffd858429075678fc067151432576) + +ETA: Confirmation my inquiry was received + +[Confirmation Email from Vanguard](https://preview.redd.it/nermwjwyoig91.jpg?width=614&format=pjpg&auto=webp&s=411d35c203ec0e0c6a754797877e6a033a764c0d) + +ETA2: Sent an email to Gamestop Investor Relations thanks to the suggestion of u/tentingh + +[My email to Gamestop Investor Relations](https://preview.redd.it/2anqspb20jg91.jpg?width=623&format=pjpg&auto=webp&s=f59fea67ca8d36988fe0ff96c3e075c05d00ae89) + +&#x200B; +**Use this** [**r/place template link**](https://halfdane.github.io/rplace/) **so we can work as efficiently as possible**: [https://halfdane.github.io/rplace/](https://halfdane.github.io/rplace/) + +&#x200B; + +https://preview.redd.it/4ridremebcr81.png?width=709&format=png&auto=webp&s=b1d058c948c42ea0ce28ee3b8c6f09b0a955ba56 + +# How to use the Github program + +T[he site](https://halfdane.github.io/rplace/) will show you coordinates, and you can place the tile based on the coordinates here. + +When you hover over a pixel, it gives you the x and y axis - IF YOU CLICK THE TILE, IT WILL BRING YOU TO THE CORRECT TILE!!!! + +Then pick the correct color and place it :) + +&#x200B; + +[ when you click on the tile in Github it will bring you to the same tile on r\/place ](https://preview.redd.it/sg36eyg5a8r81.png?width=277&format=png&auto=webp&s=697b13e4db82d917507bc59a3200eda49cfc7d55) + +&#x200B; + +[ Click on \\"place a tile\\", choose the correct color and confirm. Rinse an repeat every 5 minutes ](https://preview.redd.it/02efiy1ba8r81.png?width=191&format=png&auto=webp&s=ed50b9af5e602684fadca337b581bb1284269009) + +If you're on desktop, shoutout to u/[DeadDevotion](https://www.reddit.com/user/DeadDevotion/) for [this awesome walkthrough on how to install and use our Place overlay!](https://www.reddit.com/r/Superstonk/comments/tuiahg/easy_visual_guide_on_how_to_install_and_use_our/?utm_medium=android_app&utm_source=share) + +# To anyone helping to place pixels, a HUGE THANK YOU!!! You've been doing an amazing job! 💜 Let's keep this thing going! It ends on April 4 + +# Let's talk about alliances! + +This works better when you make alliances with other teams. + +Why? + +Other groups will attack and it’s good to have people on our side to defend our design, and we can do the same for our allies. + +Allies will not attack. Allies make other allies and suddenly even more people have our backs. If you see one of our allies getting rekt, help them out!!! + +We made design changes to incorporate allies and remove things we are wasting time and pixels on. + +For example, OSU - what is OSU? A super popular rhythm game.. they are gamers coordinating on discord and twitch. They are the perfect allies, they are strong in numbers, dedicated, and they are not expansionists. All they want is their circle. + +We are fighting an unnecessary battle, wasting time and pixels, by trying to take over the top left corner (coordinated gamers UNITE!), so we incorporated their outer circle into our new design. + +We made an alliance with Germany, they will not creep into our area, and we added a small heart to our left border to represent our united front. They are working on a portal OUTSIDE our border, so LEAVE it alone! That will protect us on the left side even more. + +The sweet birb from r/PictureGame keeps getting its one pixel beak chopped off, so we’re going to add that to the right border. They messaged us that they will defend our right border. + +On day 1 we tried to make an alliance with r/placetrees, they are a group placing trees to spread awareness about our climate crisis, and yesterday we redesigned our piece to free up that bottom space. Since we were already building too far to the right anyways, we were just going to add the logos to the right. + +Well, nobody followed the post and the trees got wiped out (by our NFT logos, yikes), so we kept the space to the right and redesigned our piece again, this time including a couple of trees. + +A lot of people think NFTs are bad for the environment, VERY FEW people know about Layer 2 technology and how that is gas-free and carbon neutral. + +We have the same goal, we’re fighting the same battle, may as well do it together! + +We have also agreed to leave Star Wars alone (obviously), Scotland, Portugal, and blue corner. + +The other thing updated to stop wasting our time and pixels, was remove [NFT.Gamestop.com](https://NFT.Gamestop.com) and instead make our **Gamestop** logo bigger. We fought the good Gamestop.cum fight😅 but pixels were just being wasted on that all day long. + +We made more space in between BUY HOLD DRS. + +We added a pirate flag🏴‍☠️We added RC. + +ETH team added rainbow and design connecting Loopring and IMX logos. + +&#x200B; + +&#x200B; + +# [GO HERE](https://discord.com/invite/hgJmtEeJ) -- JOIN THE DISCORD TO COORDINATE BETTER!! +So my mom called me this afternoon super excited because she thinks she found a Bitcoin on the beach today, funny thing is I offered to buy it for 10k because she needs the money way more than I do and is never willing to accept money from me so now she will because she thinks she is giving me a deal. I can’t wait to see what this 10k coin looks like +How do I suppress this urge? I have no idea how to read financials or do proper DDs so I doubt I will be able to pick good companies. + +It's so much more fun to look at your portfolio if it's made of hand picked stocks than global-weighted ETFs. The idea of owning a piece of a company that I like rather than just throwing money into the market is much more appealing. Also the fact that the company that I bought might go 2x in the next few years while that's going to never happen with indexes. + +But I don't trust my ability to pick good stocks. How do I fight this urge???! +I have posted a few analysis in the past, and quite a few of them were wrong. I used the flair DD because there isn't much definitive difference between "Possible DD" and "DD". Also, I think the flair "DD" causes apes to assume it is immediately THE TRUTH. To prevent false information from entering into superstonk, any submitted DD should have a "Speculation" flair until peer reviewed for accuracy. The "Possible DD" and "DD" flair should be removed and only mods should have the power to grant it. +Even if it theoretically has no impact on the value of a share, I would still be pretty excited if there was an Amazon stock split. With Tesla and Apple, it still boosted the prices last summer. Amazon's stock is close to an all-time high right now and would definitely be boosted by such news. + +However, I once heard that Jeff Bezos didn't want a stock that was too cheap because he was worried that the stock would become a plaything of retail investors. What do you think is the likelihood of a stock split? + +Position: 8 Amazon shares +As you all know, there is a scam token created by the infamous Tech Lead and marketed to his Youtube and twitter followers. He was exposed earlier today in a video produced by CoffeeZilla, who is well known for his investigatory work in the crypto space, you can view his video [here](https://www.youtube.com/watch?v=pLrRt8R9zRA&t). + +Not only is the price tanking due to this revelation. The community is crumbling under it's own weight as it's religious hopefuls and FUDers battle it out. To spice things up, their commander in chief and shill general has tipped the scale to FUD territory, causing complete chaos in their discord. + + +https://preview.redd.it/qaznu5nks5g71.png?width=1839&format=png&auto=webp&s=7de4920757408219f4e558de2344a6053224b1a1 + +What followed after this was a huge ban wave with anything making humor of the matter OR supporting his concerns. The mere mention of him also landed a ban. + +The chaos all started with a total ban of their discord server on the platform for brigading other discord servers during their so-called "**raids**", a form of marketing they adopted that involved their users spamming other servers with memes and messages in support for Million Token. This included the Dogecoin and Safemoon servers. However, this didn't stop them and they created a new server and carried on, until this very moment. + +I don't know how many more times we need to witness a scam like this before we learn our lesson. But while they still exist, we can always enjoy the entertainment. + +**Update:** Tech lead has responded to Coffeezilla's claims. Seems like he's doubling down, the saga continues. + +**Update 2**: It has come to my knowledge the actual commander in chief betrayed the team and created his own version of the token (hilariously named Billion token), hence all the drama in their discord. + +**Note:** Their discord is well known for brigading so expect a lot of downvotes to suppress this post. + +[Tech lead joking about being smarter than Vitalik](https://preview.redd.it/pfbjnk6yw5g71.png?width=595&format=png&auto=webp&s=6589ffe8232c800814b6d52c2265f2f4914d92b3) +Hey Ausfinance Gang. + +I am 27 years old, working for PT and living at home with no rent and no expenses. + +I am currently in the process of building a house. the house and land will cost me nearly $800,000 for which I have saved up about $140,0000 for. The land wont title till q1 2023 so I still have time to save. I also havent signed the final contract so I still have time to think things through. + +I am looking at the interest rates and the monthly payment for my house and I am currently terrified. I am looking at roughly $4000 a month, which would be fine for a couple but as a single man???? +I can always rent out the place or get some roomies. I just found a second job too just to save more so hopefully I'll be earning around$ 90,000+. + +Is there anything else I can do? My parents are willing to cosign as well. With more rate rises incoming I feel like I'm looking at a loaded barrel. + +any advice is welcome. +I am trying to understand why everyone is so conditioned to just move on from this sort of shit. I truly thought January 28th would have been the spark of a MASS movement in this world, but instead its chalked up as some BS manufactured by some people on reddit. + + +GME had 228% of its float shorted. 228%, so the entire float over two times over. General public let me ask you this, how is that possible? I am going to take a wild fucking guess and say naked short selling, WHICH IS ILLEGAL. IT IS ACTUALLY ILLEGAL for anyone to do this, but god damn those fucking reddit conspiracy theorists. General public, begging ya'll wake the fuck up and look behind the curtain man. +Sorry couldn't help myself. + +Are there any laboratory scientists out there, or their better half, who retired but were still able to use their experience part-time, remotely, maybe while traveling? Specifically, I'm talking about a Molecular Biologist who runs a lab but I'm open to a variety of experiences that might be relevant. We have a family and my wife would still like to work doing real science and collaboration but get out of the rat race. We're just not sure how to make that happen. + +We're in this odd place where we're sort of fat, definitely chubby at about $6.5M, in the SF Bay Area and it economically makes more sense to just retire fully but she really likes her work and put a lot of time in to get there. It just doesn’t make sense to have all this money and work full-time with limited vacations and a long commute. We'd rather travel but somehow make use of her expertise. Software Engineers and others can use their skills remotely but what about a Molecular Biologist? +Posting on behalf of Via u/thatbromatt + +https://www.reddit.com/r/GME/comments/pniq5l/michael_burry_header_update_a_starting_point_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Michael Burry Header update: A starting point to wut means + +Holy Shit. I might have uncovered something worth looking more into. I broke open my Crayola 152ct Ultimate Edition this morning to got to work. I've never done DD but have always been inspired by pretending to understand what I'm reading when the heavy hitters bring to light new DD. To give you better context of just how smooth I am, I saw a flair the other day that said PP upside down is dd and thought it was the most genius flair I had ever seen. Kudos to you, whoever you are. With that being said, let's jump right in. + +I am not versed in military technology but from others users in a "whatisthisthing" thread, I took the name "howitzer" where I used "american howizters" and started looking through google images for similar looking howizters. With a long line evolutionary line of varying 'howitzers' I decided to look for ones that matched one I could see in Burry's photo. Namely the overall size of the weapon, the ability to be towed, the tire & wheel similarity, the little 'shields' for lack of a better word (along with their size and shape) that sit between the wheel and the cannon, a rough corresponding time period for the weapon and the older photo, and the size, shape, and juxtaposition of the various tubes that are found around the main cannon. etc. I came up with this [image](https://www.pinterest.co.uk/pin/166281411220814913/) which seemed like a good enough fit for me to search for "155 mm Howitzer" and lead me to a Wikipedia article named [M114 155 mm howitzer](https://en.wikipedia.org/wiki/M114_155_mm_howitzer) . When I landed on this page my jaw dropped. + +The main image here looks even more identical to Burry's photo than my google image result. Everything from the tread of the tire and the same exact rim, including only 1 side 'shield' that has a support bar connecting from the shield to a brace at a \~45 degree angle, and the little vertical piece that looks like it allows the infantry to aim the cannon. The article notes it was produced in '42 and saw service during WWII, the Korean War, and Vietnam War. + +I felt pretty confident taking "M114 sec" to google but the list of results didn't really seem relevant until I got towards the bottom and finally had a link to a [SEC edgar PDF](https://www.sec.gov/Archives/edgar/vprr/1700/17002650.pdf) result which includes googles search result preview of the link and bolds "Due to M114". This document brings to light a Form 1 Amendment 2017-05, Annual Filing for Miami International Securities Exchange, LLC "MIAX". I searched around the document for "M114" but to no avail, there were no matches. + +I kept digging and In the notes to financial statements, it jumped out to me that MIAX had been founded in 2007 as a subsidiary of Miami International Holdings "MIH". A note to this filing for the creation and second equity options exchange, also a subsidiary of MIH called MIAX PEARL, LLC. 2/6/17 Within this document I found a balance sheet for Miami International Securities Exchange, LLC for Dec 31, 2016 and 2015. This particular balance sheet caught my eye because because of its massive amount of liabilities it was accounting for in comparison of its assets. It is p.32 of the PDF and corresponds to p.3 of an independent CPA audit of MIAX and lists 2 line's that grossly stands out above all the others in this balance sheet: + +The first was Accumulated Losses / Total Member's Deficit: 2016: ($247, 992, 811) and 2015: ($216, 489, 680). I followed upwards and then something else caught my eye: \*Due to MIH\*. I am a web developer and there is a digital technology I have used before called [Optical character recognition (OCR)](https://en.wikipedia.org/wiki/Optical_character_recognition) which attempts to take PDF's or images and extract the text from that image. The technology generally works pretty well with the exception of hard-to-read fonts or poor resolution images. It's the same technology used if you have ever taken a picture of your W-2 through TurboTax and it attempts to fill out your electronic W-2 using your paper statement, and it asks you to verify the numbers as the technology is generally good, but not always great. + +I think Google in its indexing attempt for this document, misread the line \*Due to MIH\* as Due to \*M114\*. I got curious because MIH in the balance sheet is using a serif-based font which leads to the little hanging marks on some capitalized letters. In this case of the MIH acronym, I could see how this indexing mistake could happen. I kept searching through the document which is when it hit me, the change in font type doesn't happen until you are within the report included by Grant Thorton (the aforementioned independent CPA). + +Everything else is otherwise in a sans-serif based font down to p. 108 of the PDF where it lists out the supported symbols that are traded on the MIAX exchange. + +Is this Michael Burry trying to tell us about this PDF through the M114 Howitzer image?!? + +I decided to keep poking down the rabbit hole this morning instead of working because my tits are too jacked at this point. + +Within the MIAX website, I found a link to members that have joined the MIAX PEARL exchange and cross-referenced it with some of our known enemies along with the most recent Bloomberg terminal screenshot of PUTS found over in [r/DDintoGME](https://www.reddit.com/r/DDintoGME/) and found some interesting correlations which you might recognize below. You can find a PDF to download [here](https://www.miaxoptions.com/exchange-members/pearl) + +* APEX CLEARING CORP +* BOFA SECURITIES, Inc +* CITADEL SECURITES LLC +* CREDIT SUISSE SECURITIES LLC +* GOLDMAN SACHS & CO. LLC +* GROUP ONE TRADING LP +* IMC-CHICAGO, LLC +* J.P. MORGAN SECURITIES, LLC +* JANE STREET GROUP (JANE STREET CAPITAL, LLC JANE STREET OPTIONS, LLC) +* SIMPLEX TRADING, LLC +* SUSQUEHANNA INVESTMENT GROUP +* SUSQEUEHANNA SECURITIES +* UBS SECURITIES LLC +* WOLVERINE EXECUTION SERVICES, LLC + +Some other very interesting findings I stumbled upon were, in digging into the parent company "MIH" I came across another [SEC edgar PDF](https://www.sec.gov/Archives/edgar/vprr/1502/15021158.pdf) which is 'Application for, and amendments to application for, registration as a national securities exchange or exemption from registration pursuant to section 5 of the exchange act'. + +This document lists a section of Directions of MIAX as directors and board observers on p.4, item 2 of the PDF, for the exchange as of 4/24/2015 with no amendment on date of filing. Some interesting names that caught my eye: + +* Andrew Schultz - Classification: Industry/ERP Director. Type: Head of Strategic Options Business, Equity Rights Susquehanna Program International Group, LLP +* Meaghan Dugan - Industry/Member Rep Director. (Term: Class I - 2017) Type: Director and Head of the Derivatives Product Management Team Global Execution Services Bank of America Merrill Lynch +* Kurt M. Eckert - Industry/Member Representative Director. (Term: Class III - 2019) Type: Partner - Wolverine Trading, LLC +* Paul Jiganti - Industry/Member Representative Director. Type: Managing Director Options Business Development, IMC Financial Markets +* John A. Kinahan - Industry / Member Representative Director. (Term: Class II - 2018) Type: CEO - Group One Trading LP +* Robert D. Prunetti - Term: Class III - 2019 - President and CEO, Mercer Regional Champber of Commerce; President, Phoenix Ventures, LLC + +Guy Dowman - Board Observer. Type: VP & Execeutive Director - Morgan Stanley + +Some of the people under 'Term of Office' have listed their term is staked so long as they are qualified under the Equity Rights Program, which got my curious so I looked into that. The equities rights program can be found [here](https://www.miaxoptions.com/miax-equity-rights-program) and has interesting number of names I also recognize as our enemies throughout the 4 ERP offerings that they have held from 2013 - 2020: + +* Citadel Securities LLC +* Morgan Stanley & Co. LLC +* Merrill Lynch, Pierce, Fenner & Smith Incorporated +* Susquehanna Securities +* Wolverine Trading, LLC +* IMC-Chicago, LLC (d/b/a IMC Financial Markets) +* Simplex Trading + +I feel like there could be a lot more here but this is the thread I started pulling on that resulted from the M114 howitzer search and need bigger brain apes to help me tear this down brick by brick. + +I felt like there was just too many coincidences that kept popping up from this seemingly unrelated search..I'll include once last coincidence that I have no idea wut means but it's another dot that may connect to Burry. In poking around the MIAX site, I came across a section called Regulatory Circulars. I clicked on the [MIAX PEARL Regulatory Circulars](https://www.miaxoptions.com/regulatory-circulars/pearl) and saw there was one filed on Friday that goes into effect today. + +[MIAX Pearl Options RC 2021 44](https://www.miaxoptions.com/sites/default/files/circular-files/MIAX_Pearl_Options_RC_2021_44.pdf) which is pretty short document sent out to MIAX Exchange Members from the MIAX Regulatory Department which states: + +"Coca-Cola Europacific Partners PLC (“CCEP”) will transfer primary listing from the New York Stock Exchange to the NASDAQ Global Select Market (“NASDAQ”) effective Monday, September 13, 2021. As set forth in MIAX Options Rule503(d), MIAX Pearl Rule 503(a)(3) and MIAX Emerald Rule 503(d), the exchanges shall use NASDAQ as the “marketfor the underlying security” for the purpose of Openings on the Exchange." + +I'm not sure of implications that would come with this but it caught my eye because of Burry's boycott coke hashtag in his bio where a few google searches on coke hasn't returned anything for boycotting coke other than a Reuters article which debunked a doctored image of a coke can this past summer that had gained traction across social media which had a racist message on it. +25 y old here just wondering if there is anyone here who does dividend investing in their regular accounts? + +Some background for me. I do have both Roth IRA and regular brokerage (both Schwab). I am working on maxing my Roth still through monthly payments and prioritize it & putting it in the SWPPX/SWTSX. I wanted to get into dividends as I carry some in my regular account but does anyone really go aggressive in their regular accounts considering the taxes? + +I fully under compounding and DRIP, but I want to be able to access my money down the road when I am older but before 59 1/2 years old. +Every day I see O below 62, I keep nibbling. Problem is, I'm eventually going to run out of funds. I know I keep seeing "O is always a good buy" "You can't time the market" etc etc, but if you had a couple grand lying around for investing, would you rather buy little by little and watch the market everyday or buy 1 or 2 large chunks at prices you really like and be done with it? + [Facebook](https://www.cnbc.com/quotes/FB) shares tumbled more than 16% in extended trading after the company reported disappointing earnings and gave a weaker-than-expected forecast. + +Here are the results. + +* **Earnings per share:** $3.67 vs $3.84 expected, according to a Refinitiv survey of analysts +* **Revenue:** $33.67 billion vs $33.4 billion expected, according to Refinitiv + +Wall Street is also watching other key numbers in the report. + +* **Daily Active Users (DAUs):** 1.95 billion expected by analysts, according to StreetAccount +* **Monthly Active Users (MAUs):** 2.95 billion expected by analysts, according to StreetAccount +* **Average Revenue per User (ARPU):** $11.38 expected by analysts, according to Street Account +Link to article: http://www.businessinsider.com/airbnb-raises-1-billion-in-debt-financing-to-expand-travel-services-2016-6 + +How does this affect the timeline and viability of a possible IPO? Wasn't this everyone's darling for 2016? +To determine our SWR, most of us rely on sources such as the Trinity study, the ERN guide, or FIRECalc. It's important to note that all these later guides are derivatives of Trinity: they adopt its underlying dataset and methodology, to arrive at very similar conclusions - with minor adjustments, such as planning for an early retirement of 50 years versus the more traditional 30 years of Trinity. With these minor adjustments, they all end up in an SWR range between 3.25-4%. + +This whole nebula of Trinity-derived studies, is based on two sources: a _dataset_ and an _assumption_. + +The _dataset_ is the returns of the entire American stock market over the 20th century. + +The _assumption_ is that these return rates represent a **normal**, and we should expect them to persist. Specifically, for our purposes, we expect them to persist into the 21st century so we can finance our 3.25-4% retirement. + +The potential weakness in this assumption was pointed out by a [recent answer on another forum](https://money.stackexchange.com/a/115590): + +> A 4% withdrawal rate would require the US stock market in the 21st century to produce returns similar to those of the 20th century, i.e. in the vicinity of 7% in real (inflation-adjusted) terms. Fair estimates for stock returns going forward are not this high. Rick Ferri proposed a real 5% over a 30-year horizon in 2015. I recall Bernstein in his book "Rational Expectations" (2014) proposing a real 3.6% over the very long term. These long-term estimates are based on the Gordon equation. According to this model, the long-term growth of a 100% SP500 stock investment in real terms would be the current dividend yield (~2%) plus the expected per share dividend growth rate (often given as 2%). + +You are welcome to read the entire answer, as it is interesting. Personally, it led me down a rabbit hole of criticisms and doubts of the Trinity study. A particularly poignant one was raised by the [Bogleheads Safe Withdrawal Rates pages](https://www.bogleheads.org/wiki/Safe_withdrawal_rates), arguing that blindly relying on Trinity is a form of retrospective bias. + +That is: buying and holding a broad US stock market index turned out **in retrospect** to be a great investment strategy, yielding returns high enough to support the famous 4% SWR. Far from representing some sort of normal, these returns were in fact **exceptional**, and [buying virtually any other country's stock market](https://www.bogleheads.org/wiki/File:Pfau-Figure-2.jpg) would not produce anywhere near enough returns to support a 4% or even 3.25% SWR. + +There are some interesting arguments about _why_ VTI was such a great investment throughout the 20th century, having to do with the US's unprecedented rise to supremacy, buoyed by exceptionally favorable geopolitical, social, and macroeconomic factors. The bottom line is that we've identified the US total stock market as a great and obvious investment _in retrospect_. + +This is a little bit like someone claiming they have a great plan for a 20% SWR: all you have to do is invest in Amazon, Google, Microsoft, and Facebook. Data clearly shows that this portfolio has in the past yielded returns high enough to support a very high SWR. If you just happened to pick these specific companies, and no failures like Yahoo. + +Given all that, one may fairly ask what _is_ a Safe Withdrawal Rate, according to the pessimists? + +The consensus I find among said pessimists is around **2%**. To quote William Bernstein, for instance: + +> Two percent is bullet-proof, 3% is probably safe, 4% is pushing it and, at 5%, you're eating Alpo in your old age + +I can't find anyone, even among the (reasonable) pessimists, seriously arguing for an SWR lower than 2%. + +The good news: pessimists generally seem to share Bernstein's view that "3% is probably safe". + +The key difference between the optimists and the pessimists can be therefore be summed up thus: + +* Optimists consider 3.25% as bullet-proof, and 4% as likely to succeed. +* Pessimists consider 2% as bullet-proof, 3% as likely to succeed, and 4% as hazardous. + +Put another way: **the _optimistic_ range is 3.25-4%, while the _pessimistic_ range is 2-3%**. + +The main differentiating factor is _your estimate of real returns on your portfolio_. If you estimate the 7% 20th century VTI as the normal, then you are an optimist, whereas if you expect lower figures such as 5% or even 3.6%, then you are a pessimist, and should consequently aim for the lower range. The lower you expect these returns to be, the closer you should cut your SWR down to 2%. + +It's important to note that there are serious evidence-backed studies and experts arguing for (effectively) the entire 2-4% extended range. You can check the references in the articles I linked above. Some experts do believe that 20th century yields represent a normal, and so we can expect them to persist or even rise over the long term. Others argue for 5% or even 3.6% sustained real returns. Some experts argue that 7% returns could be sustained by simply diversifying internationally - i.e. holding VT instead of just VTI. Others point out that international investments can be extremely risky, with geopolitical hazards like regime changes, defaults, and nationalization threatening destruction of wealth that dwarfs any loss you may reasonably expect in VTI. + +Nobody knows for sure how the market, the economy, or humanity in general will behave, but I hope this discussion can at least broaden our horizon of different views and estimates to what a Safe Withdrawal Rate really is. +Hi r/investing, + +I’ve been periodically increasing a position in SMH over the last year on the belief that semiconductors will be the backbone of the future. + +Reading up Buffet’s increased stake in OXY, I began to wonder if Energy might be the better play for the long-term. Something like IYE. Of course, oil is likely on its way out at some point, but perhaps players in this industry shift to green energy instead. + +I wanted to see what your thoughts were for the long-term: Semiconductors or Energy? +TL;DR - Buying a new investment property in a super HOT market on a conventional mortgage with 20% down and got a really good deal below the market price. The appraisal came in $25k higher than what I paid and I'm thinking about putting in an additional $10k in upgrades before renting it out. Also, another similar home nearby just sold for way above ($80k above) what I paid a week after my current appraisal. was done. + + +Taking all this into consideration: +\- Will it appraise for a lot more in 6 months given the market conditions, nearby comps, and the $10k upgrades I do (i.e. wooden floors)? Would the appraisal just look at nearby comps, market conditions, and the current condition of the home OR would they just look at how much I paid 6 months ago for the home along with how much I paid for upgrades and sum the two together? +\- And would doing a cash-out refinance on the upgraded home be worth it in 6 months to take my down-payment capital out assuming it appraises for a lot more? + + +\---------------- + +To elaborate, here are the details. + +Purchase Price - $440k +Loan amount - $352k (80% on conventional mortgage) +Appraised value - $465k + + +The home is in great condition and I'm in a super HOT market right now but I got a great deal since the sellers were looking to sell within a day. I'm thinking about putting in an additional $10k in upgrades (i.e. wooden flooring) to bump up the value of the home. Also, another similar home nearby just sold for $520k and closed yesterday. + + +Based on my understanding of things (which could be potentially wrong), getting the house re-appraised in the next 6 months should fetch a value of $500k+ so it could make sense to get a cash-out refinance and be able to pull out some of my down-payment for use towards another property. + + +That being said, during the re-appraisal process, would the appraiser just look at nearby comps, market conditions and the current condition of the home while determining it's current value (which could lead to a $500k+ value of the home) or would they just look at how much I paid 6 months ago and add my $10k worth of upgrades for a $450k appraisal value? + + +Based on this, I can decide whether a cash-out refinance would make sense in 6 months or not and that will help me decide how I should structure the terms of my current conventional mortgage i.e. buy down points for a lower interest rate or get a worse rate with some lender rebate since I will be refinancing soon. + + +Thanks so much for much for any help on this! +How did everyone like [journal day](http://www.reddit.com/r/Economics/comments/1qyhi9/mod_experiment_today_is_journal_day/)? + +[Here](http://i.imgur.com/4uWafcA.png) are our activity statistics (reddit is still calculating subscriptions). Note that this is based on UTC (London time), while "journal day" was midnight-midnight from the East Coast of the US. So it's about 7 hours off. + +Overall, yesterday we had 5,913 unique IPs viewing r/economics (compared to the median of 6,451), and 20,571 pageviews (compared to the median of 15,897). So pretty typical, statistically indistinguishable from the average day. + +I'll post some further thoughts as a comment, and am interested in hearing every one else's opinions as well. + +GoPro is down 75% since mid-2014 when it had its IPO. There has been a lot of negative sentiment around it and based on the negative returns to the initial investors, rightfully so. + +However, it might be a turnaround company and I'll make my case below. + +Up until 2019, the company was mainly selling hardware consisting of cameras and certain accessories around it. Over 90% of their sales were through retail and their gross margin was around 34%. + +In the meantime, there have been 2 main changes: + +1. In March 2021, they launched an app called Quik and they have 221k paid subscribers ($9,99/year), bringing in around $2.2m in revenue that has a higher margin than their old-school business. + +2. They introduced GoPro subscription, which grew to 1.6m subscribers fairly quickly (130k in 2017, 185k in 2018, 334k in 2019, and 761k in 2020). Why is this relevant? The annual subscription costs $49.99 and without knowing anything else, it seems as they're adding $80m in revenue (1.6m x $50). Well, not really. The subscription provides the following: + +\- $100 discount on a new GoPro camera - Wait what? A user pays $50 in subscription and gets a $100 discount? That is a no-brainer! But wait, that's not all, it also provides: + +\- Unlimited cloud back-up + auto uploads + +\- Up to 50% off @ [GoPro.com](https://GoPro.com) + +\- No questions asked damage replacement + +\- Full access to the Quik app + +\- Share on the go + +**So, what is the catch?** + +From a user point of view, they get a lot of value and from GoPro's perspective, it doesn't seem to be that profitable as they pay by not only discounting the hardware price but also they have to cover the costs for the rest of what comes with the subscription. In theory, subscriptions are a high-margin segment, but when taking all of this into account, it is clear that we cannot expect the $80m on top of what they're earning. So, why do they offer this? + +1. At the beginning, I've mentioned the main sales channel in 2019 was retail, with 90%+ of the total sales. As of 2021, retail was 66%, with 34% being DTC (Direct to consumers). As the subscription is offered through the website, more users are opting for it. This means, they're not paying the "cut" to the retail companies and they can increase the gross margins (2021 - 41% gross margin, while 34% back in 2019) + +2. As they're providing a high-value no-brainer package, they are more like to retain the customers. When they need to buy a new camera in 4 years, they would not be considering only the hardware, but also what comes with it (Is there unlimited cloud back-up, is there a damage replacement policy, what about the Quik app substitute?). So, the subscription model (in my opinion), is less about making more money and more about retaining the customers by providing value. + +&#x200B; + +**What about the brand?** + +\- The hardware is in a very niche industry (action cameras) and as they're focused on high-quality, they're targeting the high-end. Their Hero10 black was the best-selling camera in the US camcorder market. + +\- They have over 46m social media followers across all platforms (YouTube, Facebook, Instagram) + +&#x200B; + +How does this reflect in the financials? + +Their revenue was almost $1.2b back in 2017 and is almost $1.2b now in 2021. So, in the last 5 years, it seems as there were no changes. That's not fully correct as 2020 was terrible due to the pandemic. The customers buy cameras with the purpose to capture memories while they're on holiday. Having that in mind, the drop of revenue to $900m was not unexpected. + +&#x200B; + +The rest of the operating expenses have also decreased: + +\- R&D from 19% of the revenue in 2017 to 12% in 2021 + +\- Sales & marketing from 20% in 2017 to 13% in 2021 (As they have a huge social media presence, they can use that at a lower cost to interact with their customers) + +\- SG&A from 7% in 2017 to 6% in 2021 + +**Where does that bring the company today?** + +The company finally had a positive operating margin of 13.5% in 2021! Their free cash flow is a bit over $100m. + +**What about the financial position (balance sheet)?** + +The company has half a billion in cash (with a market cap of $1.4b) with debt being below $300m. From a financial health point of view, it is definitely in a good position. In addition, they have around $280m in deferred tax assets (related to valuation allowance) that they can use in the future and pay lower taxes. In my valuation, I'm adding 50% of this as the benefit will come in the future. If we adjust the market cap for the cash, debt, and deferred tax assets, we get to a price of around $1.1b. Not bad for a company with a $100m+ free cash flow. + +In addition, in the last earnings release, it was revealed that the management was authorized to buy back shares for $100m. + +&#x200B; + +**What could be expected in the future?** + +My assumptions for the future are as follows: + +\- Revenue growth 6% in the next year (analysts forecast between 4% and 9%) and then 1.83% (risk-free rate) - This leads to revenue growth of modest 25% in 10 years to $1.4b. + +\- Operating margin 13.5% in the next year, growing to 14% (long-term operating margin) + +\- Reinvestment (sales to capital) ratio of 4 - Pretty high for a manufacturing company, but I do not expect them to invest in an additional factory or any heavy equipment. This reinvestment mainly relates to working capital + +\- WACC 7.5% + +Plugging all of this into a DCF, the **value per share is $15.95** (price $8.78) + +&#x200B; + +**What if the revenue doesn't grow as fast and what if the operating margin isn't 14%?** + + Let's take a look at a few scenarios: + +&#x200B; + +|Revenue/Op. margin|12%|14%|16%| +|:-|:-|:-|:-| +|\-10% ($1b)|$11.8|$13.1|$14.4| +|25% ($1.4b)|$14.2|$16.0|$17.7| +|50% ($1.7b)|$15.8|$17.9|$19.9| +|75% ($2b)|$17.4|$19.8|$22.1| + + I'd like to get your thoughts on both my analysis as well as the company as a whole. +Ive been employed 3 years at my current role as a senior dev, only given 2.5% pay rise from my base over said 3 year period; this pay bump doesnt even track inflation. covid has also pushed up the average wage, where by my current salary = mid level rates right now. One recuriter told me recently wages have risen because covid put the brakes on migration. + +on monday i have an end of year review where i will ask for more money. ive been researching avg salary numbers for my field and def underpaid right now. + +im wondering what site i can use to get the best statistics for salaries in my field. im a dotnet dev, >10 years xp. i manage a team . location is sydney + +i could potentially get 150k + based on the cold calls from recruiters. just looking for reliable stats to put my case forward. + +im at 107k right now +**Introduction** + +This is not financial advice. Use this information to make your own decisions. Hedgies are fucked. Buy, HODL, VOTE. This DD was made to fill in the gaps missed by other DD’s. I also wanted to draw attention to the missing T+21 cycles that are caused by drops in short interest and hedgies rolling those FTD’s to T+21 days and other methods. Shoutout to [u/Full\_Option\_8067](https://www.reddit.com/user/Full_Option_8067/) for providing data and information for this DD. + +**Reported Short Interest** + +The reported short interest for GameStop dropped through 2021 and we know the shorters didn’t cover. Why is the reported short interest so low? Welcome to my Ape-X-Talk. I will now explain what happened to the reported short interest. + +The short interest reported is reported by institutions who have loaned out their shares. The synthetics created by market makers are not reported in these reports. Synthetics can be created through options and by market makers who have T+x rules to deliver on those synthetics to balance out the trades. What happens when a market maker out right creates synthetics? Basically a market maker can give you a synthetic share when you make a purchase. In my previous DD’s I explain why all market makers have incentive to do this. For one, they want to keep the week’s options at max pain so they can rake in the most money. They can also create options chains in the future knowing that when they actually buy to cover these FTD’s they now have call options to hedge against the loss in money. + +&#x200B; + +[Figure 1: Ortex Reported Short Interest. January 2020 to May 2021](https://preview.redd.it/hcylibpjli271.png?width=1055&format=png&auto=webp&s=06f7699518218dca0933cc42f909db858e47e6a2) + +**January 2021 and Beyond Drop in Short Interest** + +We have found out in the latest SEC filings that a large number of institutions have sold out of their positions. The reason they sold out of their positions is due to them having an obligation to their shareholders to make profits. With the share price being in the single digits then moving to triple digits, they sold their shares to make max profit. Stay with me, the hedgies did not cover at the times the institutions got out of their positions. + +So when the institutions are ready to sell their positions, they then recall their shares. Most institutions that didn’t have their shares on loan had them locked up in ETF’s. Regardless, the institutions recalled their shares and the shorters then had to give them their shares back. The perfect storm happened during this transition. Retail wanted in on GameStop and started buying massively. The retail buying pressure mixed with shares being recalled put shorters in a shitty position. Instead of covering the shares right then and there and going completely bankrupt they had to devise a way to kick the can down the road. They still were thinking GameStop would go bankrupt at this point. + +The shorters used many techniques to delay covering. The first and most obvious trick was to give institutions FTD cycle synthetics. These synthetics are shares that don’t have to be covered until T+21 days later. There are other T+x days depending on what kind of market maker you are but this was the main one we see pop up time and time again. + +The next obvious way to keep your shorts open is to deconstruct ETF’s. They short these ETF’s while going long on the other shares in the ETF’s besides GameStop so that it acts like a GME short. They then give these shares to the institutions. The short positions aren’t covered but are now hidden in ETF shorts. Most GME ETF loan amounts are near their maximum. **\*If someone knows if the individual shares in an ETF are reported through the short interest, please link me the source so I can update this section\*** + +&#x200B; + +[Only 2 million shares of this ETF were created. Check out the number of shares out.](https://preview.redd.it/chvujhckui271.png?width=1252&format=png&auto=webp&s=826f2ba2827e0134352b83a842d59a22146b0f28) + +The next trick used to obtain shares to give to institutions is to create synthetics through the options market. They pay a premium to create these synthetics then give the institutions the synthetics so the institutions can sell their positions. The short shares never went away but were rolled into a different type of position in hopes that GameStop drops lower and they can cover at a lower price. + +The massive drops in price were not due to hedge funds re-shorting anything. The drops were due to hedge funds giving synthetic shares to the institutions. The institutions then sold these shares to get out of their positions creating massive drops in price. I suspect this is what happened in January and March. Notice in March on the day the flash crash happened, there was also a shitload of options used to create synthetic shares. + +**Saji, we know all this why are you saying the same shit other people said?** ***Short Reporting and Retail Diamond hands*** + +Now that the hedge funds/shorters have their shorts locked in different positions, it is impossible to now have a high reported short position since shorters now control the shorts rather than institutions that have no reason to lie about the shares they lend out. Basically the short interest is reported by institutions who have their shares loaned out, not the shorters. So, if the shares shifted from institutions to retail then their will be less available shares to loan out. Retail has their shares locked into to cash accounts. 12.5 million of the 25 million shares held by institutions are locked in ETF’s. This leaves 12.5 million shares available to loan out by institutions. With a short interest of 12.4 million shares being reported, we are close to the max possible short interest that can be reported by institutions since ETF holding institutions hold the remaining 12.5 million shares. + +**The T+21 cycle revisited** + +Now that we know shorters have to shuffle around shares once institutions want to sell, we should be able to spot this on a graph of the largest short interest drops vs volume for those days and T+21 days later. There are other cycles but the T+21 cycle is the most obvious one. Remember they don’t have to cover all on T+21, they can cover any time in between or roll them over to options anytime in between. They can also deconstruct etf’s anytime between this time period. + +The first chart shows the days where there were drops in short interest. The orange lines shown are the negative change in short interest days. Remember on these days institutions were selling out and shorters had to make a move or drown in the covering. + +&#x200B; + +[Figure 2: Volume vs Negative Short Interest Drops](https://preview.redd.it/6ak88nh4mi271.png?width=1305&format=png&auto=webp&s=b02566f5e37863499feb4ca43a64b8b50b5cd0bb) + +The next chart is T+21 days later. As you can see T+21 days after there are drops in short interest a fresh cycle of FTD’s roll in. The volume usually spikes and the price usually spikes. These were the synthetics they created to kick the can down the road. At these intervals, they are covering a small number of shares and rolling the rest into synthetics created from options and ETF deconstructing. The drops in prices after are more than likely due to institutions selling off synthetic shares created by the shorters. + +&#x200B; + +[Figure 3: Volume vs Negative Delta Short Interest - T+21 Days. Notice the perfect match up to the February run up. ](https://preview.redd.it/rvtgmj4emi271.png?width=1130&format=png&auto=webp&s=fd1481e8b8384684b615964e141de8eb45647ba3) + +**The Missing Short Interest Numbers Before January** + +Now that we know that the reported short interest is only coming from institutions, you can now say without a doubt that their were other synthetic shares out there that were not being reported by the shorters. My guess is that these shares were bough up by retail and if they are in a cash account it will be impossible to know the number of synthetic shares bought by retail. + +Below is a cool graph that shows T+21 cycles before January of monthly option expiries and T+21 after Ryan Cohen buys. We chose to include the Ryan Cohen buys since we know the exact number of shares purchased and the exact date they were purchased although it is believed the data can be a day or two off. As you can see the shorters have been creating synthetics to kill off buying pressure or prepare for it. These have to be covered in 21 days or they have to borrow shares/deconstruct etf’s/ or use options to deliver the shares without increasing the price massively. + +**Creating synthetics through options has been happening way before January of 2021** + +The below chart was taken from [~~u/Criand~~](https://www.reddit.com/user/Criand/) [u/broccaaa](https://www.reddit.com/u/broccaaa/) . I wish I had the data to create my own charts and match it up with other FTD cycles but I am still working on obtaining that data. + +&#x200B; + +[Figure 4: Naked Shorting via the Married Put to Hide FTDs and SI](https://preview.redd.it/z5tqrankmi271.png?width=1150&format=png&auto=webp&s=a6bfc9c758b487015cb96431bce496296e977f09) + +&#x200B; + +[Figure 5: Combination Charts of T+21 Events. Notice the February Run up matches perfectly with the big short interest drops.](https://preview.redd.it/2ffil32pmi271.png?width=1322&format=png&auto=webp&s=5e0a99ba5df91edd0d330cdef6f5e7b5b0ac4157) + +The main take away is that synthetic shares created through options were happening before January but in smaller proportions. The massive increase in these options in January is due to the massive changes in short interest. I also included a graph of short interest changes right under the synthetic option chart so you can eyeball the correlations. + +**BONUS Look Into Current Reported Ownership** + +[Current Reported Ownership. Remember synthetics owned by retail are in the blackhole of ownership and are likely not reported here are only a small amount of them are accounted for.](https://preview.redd.it/hmes4rnqvi271.png?width=1209&format=png&auto=webp&s=c5b082006818ad2dfdde7d36d12f69b2cd0dbfb9) + +&#x200B; + +**TL:DR: Buy. Hold. Vote.** The short interest reported has changed due to less institutions loaning out shares. The short interest compared to the amount of loanable shares show the short interest is close to the max possible number right now. The remaining shares that were shorted were rolled using various methods such as T+21 Bonafide Market Maker Rules, deconstructing ETF’s, synthetic shares created through options, etc… T+21 cycle volume jumps can also be mapped out vs negative delta change in short interest. The short interest reported in January of 140% was the tip of the iceberg since it only accounted for shares that institutions loaned out. The synthetic shares created by other means were not reported so the true short interest at that time was massively under reported and has not changed much since but was only rolled into other methods of delaying the inevitable. Retail bought up a bunch of synthetic shares that are not being reported due to the hedge funds/ market makers being the only people that know the exact number of synthetics circulating. + +**The short interest reported is directly tied to shares out on loan. The synthetic shares created by market makers have been bought up by retail. These shares fall into a black hole since there is no obligation to report these synthetics as short interest. Retail numbers are likely astronomical, and the vote count will be one of the only ways to estimate retail ownership.** + +If anyone is interested in seeing any other comparisons or would like to have access to the data used for this, please message me. + +&#x200B; + +Edit 1: Adding a graph of XRT. There are only 2 million shares of this ETF created. Check out the insane amount of short interest on it. + +Edit 2: Update Current Ownership Report. + +EDit 3: **Another way the hedgies can get fucked is if the rules change to where you can't hide short interest in options. As soon as their options expire, the T+21 day cycle would kick in and they would have 21 days to figure out what they will do with those massive numbers of FTDs.** +to 12c from 24c. So there's the much expected move re: the dividend. Has only done this two other times - the Great Depression and 2008 Global Financial Crisis. This is the only time that it has not lessened the dividend because of the global economic environment. + +Investor day later this morning. Stock down 34% YTD. + +Edited: I guess this is going over well: https://www.cnbc.com/2017/11/13/ge-to-focus-on-three-key-units-exit-most-other-operations-wsj.html. I still think it should be broken up. +I took a break from the investing world for a little while, just wanted to stop. I'm trying to get back into the swing of things and I find the Yahoo Finance page is so much worse! It used to be pretty good at summarizing market news for the day so that I might get a general sense of what was driving the market. Now, I'm lost in a sea of sponsored content, lifestyle news (wtf?), and ridiculous load times. My god, what did they do? + +EDIT: a random dude by the name of random_dude shared an aggregator he put together in case you want to try it out: http://hotgrog.com/business/. Hope this is ok to share RD, let me know if not. + +EDIT: lots of great suggestions, thank you. The Yahoo Finance Canada site appears to be maintaining its old flavor. I've also setup a Feedly account, trying that out for a bit (linked a bunch of financial news sites). Msn money, market watch, and finviz are very good alternatives. +Let's say some catastrophe happens and you lose more than 75% of it, would you put every last penny into refilling it? Draw from investments? Put a small amount in it each month and gamble that nothing too bad happens for a while? If so for how long? +And no this is not a jab at anyone in particular. I've seen people in many stock forums/reddit going crazy trying to analyze the current trend. The most common question is "WTF is the market going UP while we have a pandemic going on, no vaccine, no cure, millions of unemployed, and a recession looming in the horizon" + +The Intelligent Investor has addressed all of that. Basically, imagine the entire stock market as one irrational man knocking on your door every day offering you to buy or sell stocks at totally unpredictable price. + +According to Benjamin Graham, you’d be better off ignoring him altogether and DCA the shit out of your portfolio. Sure you can read and analyze all you want, watch the news, try to predict things, but in reality, no one can predict jack squat in this market. You can drive yourself insane trying to see patterns that don't exist. Don't get emotional, don't buy more than you normally do, or sell more than you want. Just keep going at a steady rate and in the long term you will win. +Seriously after the week for ripple and Btc, $KIN +Super moon 🌝 🚀 🚀 possibility. + +1. Has gone through its battle already with the SEC and has been deemed NOT a security. +2. successful migration to the solona block chain earlier this month almost complete +3. Yet to be listed on any of the major user friendly exchanges (hit Btc largest) +4. al time high of .0012 hit in 2018 altcoin rush again without it being on any major exchange. +5. 3million active spenders on KIN apps +6. Over 60 apps on the ecosystem already +7. Built for mass usage and mainstream consumer micro transactions and payments which are becoming more and more valuable to developers, inviting more into the KIn Ecosystem + +With the talk of XRP being dropped from a lot of major exchanges because of its upcoming sec battle, has to put a lot of alt investors as well as exchanges on edge about EVERYTHING else. Since KIN however is literally one of only a very small handful who’s already been deemed not a security by SEC and in many coins cases (potentially XRP however you slice it), WILL in fact be labeled a security and be delisted or devistated with legalities. +The second kin gets listed on coinbase it will moon like crazy. ( and as an investor with a vested interest in kin reaching a penny I do hope the two, legal and SEC approved, American companies are speaking because it only makes sense for both of them, coinbase for its need for assets that won’t continually be torn apart by sec ((KINs already been through))and for Kin gets it to a point of mass adoption in front of the general public on an exchange like that) + +It’s been a ride but 2021 will see kin explode. Load the bags still pleanty of time. 🌝 🚀 + +WEBSITE: +https://kin.org/ + +White Paper: +https://kin.org/wp-content/uploads/Kin_Whitepaper_V1_English.pdf + +Great quora article from Marius Kramer : +https://www.quora.com/Does-the-KIK-Kin-token-have-the-potential-for-1000-10-000-growth-like-other-cryptocurrencies-have-seen-Not-asking-will-it-happen-but-could-it +Hello everyone, I felt like it was needed for me to make this post after seeing so many posts including details of Bitcoin purchases of vast amounts. When you make a post about having lots of Bitcoin, you are really just telling hackers that your device is of interest to them. + +This is of particular importance if you are using your own personal Reddit account to make these posts as you likely have some information on you profile which they could use for social engineering techniques. That's all I have to say, have a good day :) +I'm sure you guys have experienced this. Being judged for investing in crypto by people. What's more ridiculous is that these guys explain why investing in crypto is bad whilst drinking expensive coffee, wearing ridiculously expensive branded clothes etc. + +I buy crypto instead of buying stupid stuff. I buy crypto instead of buying expensive alcohol, or a pack of cigarettes. I buy crypto instead of buying a $200 sneakers. + +I wish people realize that we invest in crypto cause we got some goals for which crypto is the only way. That's why I refrain from talking about crypto with anyone. They won't invest. First they'll judge us, then they'll burn in jealousy if we make money out of it or they'll ask for us to teach them. + +This just piss me off, like alot. Yes there's risk in buying crypto, atleast it's better than burning money for ridiculous things. +There's been a lot of helpful posts in here lately and that shit needs to stop right fucking now. + +I posted a ELI5 post on my first day here and you know what the first comment & top rated comment was? "GTFO and never come back." + +2 months later I took a 22K loss from $LULU aka my first real trade because I had grand thoughts of "Can't go tits up" with no concept of IV crush. My dick grew 2 inches from that loss bringing the total length to 4 inches. + +Don't tell them "DoNt TrAdE oPtIoNs If YoU dOnT kNoW wHaT yOu'Re DoInG", don't send them helpful links, and stop with all these thought out fundamentals. Stonks only go up except when you the buy the dip and that's the only fundamental that matters. We're going to have to start handing out free vaccines if you fuckers keep this shit up. GUH! +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... +I had a loose appreciation of inflation before, but this article neatly summed it up for me (I'm sure there are more detalied, clearer articles). + +My council tax is going up £65 this year. Energy costs are going up roughly £115. TV license by £4. + +Just these three outgoings increase the yearly ongoing of my house by £184. + +I thought this might be useful to illustrate the small increases that add up in the new financial year. + + +Edit - link cause I'm an idiot and didn't include it in the post +[https://www.theguardian.com/money/2019/mar/31/uk-consumers-hit-by-energy-and-council-tax-bill-rises](https://www.theguardian.com/money/2019/mar/31/uk-consumers-hit-by-energy-and-council-tax-bill-rises) +The year is 2026, your portfolio is up 5000x and you have enough money there to pay the mortgage, quit you job and tell your boss where to stick it, then ride off into the sunset in a lambo with your shiba by your side ... but my question is do you sell it all .... or just a percentage and stay involved with crypto ? + +When i first started i thought i would have no problem pulling the plug and walking away with my gains, but i love crypto and everything about it, so i doubt very much will ever cash everything in, i would take a large chunk of it absolutely, but i would keep a small bag so i can still play the game and stay involved with everything +# Hello Apes 🦧 + +*🎵 Guess who's back...* *^(back... back...)* *...back again. B\_T's back, tell a friend🎶* + +&#x200B; + +[ 🎵 Will the real B\_T, Please stand up, please stand up](https://preview.redd.it/up0ziwhkbaz81.png?width=2672&format=png&auto=webp&s=df0473c2b6cad5b6bb8cf5e14772774dddc6c503) + + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Welcome back to another community update post! Today's agenda is as follows: + +\-Rule 1 Update + +\-Frequent Poster limits + +\-New Mods + +\-Superstonk Discord Update + +\-Banner contest + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Rule 1 - Getting a handle on the Toxicity + +In response to the heightened levels of toxicity and infighting that we have been privy to in Superstonk. I am sure that many of you have noticed this same unfortunate trend, so we are hoping by adjusting Rule 1, we will be better equipped to handle it as necessary. Please take a look below: + +&#x200B; + +https://preview.redd.it/fgvrd9lncaz81.png?width=1764&format=png&auto=webp&s=04d2b9ecdd036a0e823bbc1e8abf38a6e155f937 + +It's pretty straightforward, all we are really asking is for everyone to treat each other with respect, and by having this rule plainly laid out it empowers the mod team to tackle especially toxic behavior as it gives us a specific rule to call upon as the removal reason, or in some cases ban reason. + +&#x200B; + +As a reminder, our old Rule 1 was as follows, but we changed it a while ago: + +https://preview.redd.it/ntbkhpbsbaz81.png?width=1796&format=png&auto=webp&s=828ade7dbd2bc3856710a8201b180a058f6fb3c1 + + ... Shortly after, replacing it with: + +https://preview.redd.it/9swqop2ubaz81.png?width=1832&format=png&auto=webp&s=9fff508c91b0cc9b35de61d1bce4f51ce7a655bc + +TL;DR its been tweaked so that we can better enforce *Ape no fight Ape.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Serial Submitters + +Another important change to the sub-rules, though not a restriction that will affect too many people. Limits to the number of posts users can make per day; + +There's one very visible part of the Superstonk population whose posts are reported much more often than anyone else's: it's the excited apes who constantly look for interesting things they can share with the community - the serial posters. + +A lot of you are very annoyed, *and some even hostile*, although I can assure you that they mean well - they only post a lot. + +Until now we had to approach the most reported of the serial posters individually, and there were even temporary bans, as some of you will probably remember. A lot of you felt like a ban was unfair because there's no rule against "posting a lot" - but clearly, something needed to happen. + +We took the discussions with y'all very seriously, and as a result, there's now a 741 automatic post restriction rule in place. This means each approved user to is capped at 7 posts per day (7 posts FOR 1 day) in place. We chose this number because it's right at the sweet spot where just a few people are affected, and the threshold for high annoyance isn't quite reached yet - and it makes my tinfoil tingle. If you attempt to post more than 7 times in 24 hours, your 8th post will be blocked by automod. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Mod Team - New Additions and departures + +As with our previous handful of additions to the mod team, we have had the new members write up a little *hello* to the apes. Remember it's, please be kind and supportive of our new mods, it's not an easy job and they've been working really hard to get up to speed with how we do things on the mod team. They've been so quick to learn and eager to help, it's my pleasure to introduce Will and DeadDevotion! + +[u/DisproportionateWill](https://www.reddit.com/u/DisproportionateWill/) \-"*Heyya! I’m DisproportionateWill, just your run-of-the-mill smooth brain. My history as an ape started in Jan ‘21. Went in for the squeeze, and stayed cause I love the stock. I’m joining the mod team to support the sub in the best way I can. Love you apes! 💜"* + +[u/DeadDevotion](https://www.reddit.com/u/DeadDevotion/) \-" *Kia ora Superstonk!* 🙋🏻‍♀️ *I'm a Singaporean Kiwi apette who has been here since the sneeze in Jan 2021 and wrote the* [*DRS guide for Kiwi apes*](https://www.reddit.com/r/Superstonk/comments/q8jzqp/what_to_expect_after_a_drs_transfer_and_a_buysell/)*. I've sold all my other investments and yolo'ed my life savings into GME and later, some LRC.* + +*Seeing what Wall Street tried to do to GameStop pissed me off and as a gamer myself, I took it very personally lol. I'm now a proud activist investor and I agree with everyone that a reform in the current corrupted US financial system is sorely needed. This is a change that will affect the whole world and we as international apes are very much a part of this fight! I believe that the GME ape community have the power to affect this positive change and I want to do everything I can to support our community to reach that point. Therefore as your Superstonk mod, I'm committed to making sure that the subreddit is here to provide everyone with top quality DD, fresh memes and healthy discussions so that we can hype our way together to tendietown. And what better way to leverage (haha) our investment than a happy, motivated community to support the transformation of our favourite company!* + +*Apes together strong, apes together* ***formidable.***" + +We also had to remove some mods that have become inactive over time. We harbour no animosity for these individuals, they all left on good terms- please don't harass them or speculate on why they're gone with outlandish theories... Life just gets in the way sometimes. We just wanted to share this in case people began to wonder where they went: + +Say farewell to [u/Stonk\_Sandwich](https://www.reddit.com/u/Stonk_Sandwich/) and [u/Cuttingwater\_](https://www.reddit.com/u/Cuttingwater_/) . Thank you guys for all your hard work these past many months, it was a pleasure <3 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Superstonk Discord - Ready for Launch 🚀 + +Now for something really exciting! A huge update on the Superstonk Discord! + +&#x200B; + +https://preview.redd.it/2h0cudb8caz81.png?width=1024&format=png&auto=webp&s=0738db4e0acf23e027c4f5a25813c74782ffce8b + +I am very pleased to share with everyone that **the Superstonk Discord has finally launched publicly!** Thank you to everyone for your patience while we ran our stress tests and worked out the kinks. If you'd like to hop into the server and chat with fellow apes, follow the link below! + +[Discord.gg/Superstonk](https://discord.gg/Superstonk) + +Some important things to note: + +\-**The discord mod team, while it contains many familiar faces from the Reddit side mod team, for the most part, it is made up of other Apes. That said, we have vetted them and trust them greatly.** Further, we will be maintaining communication with them no matter what to ensure consistency and safety are upheld across the two platforms. + +\-We have decided to implement a **leveling system within the Discord server**, this allows everyone to take part but keeps some functions locked if you don't use it very much. The more you frequent the server, the higher level you'll achieve and the more you can do there. + +\-Lastly, **we encourage those who don't meet the Karma requirements here, to go take part in the discussion over there** if you've been feeling left out. This is a great place to participate in discussion and share information you may have otherwise been unable to. + +We hope that you enjoy this new platform, please let us know what you think! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Banner Contest - Onwards + +The new Superstonk banner submission contest is almost upon us! (Apologies for the delay) + + + +[ Source: https:\/\/www.reddit.com\/r\/Superstonk\/comments\/u5b3eq\/polls\_are\_problematic\_so\_heres\_another\_poll\_about\/ ](https://preview.redd.it/cmukzprbcaz81.png?width=990&format=png&auto=webp&s=7ff0bcfbc9bf22ade96310957d094c1df5a0ac6d) + + + +As you may have seen, the results of our last poll show the majority of the community would like to see a change and we are here to help facilitate that. **Expect a post this weekend outlining submission requirements and contest rules.** + +It will be very similar to previous banner contests and we will even be adding a new flair if you would like to post your image publicly and start building support for it. We will also be adding some of the top contenders previously submitted like the [r/Place](https://www.reddit.com/r/Place/) versions, so please don't feel like you need to be the one to submit those. We know this has been a little overcomplicated so far and we will be doing our best to keep it simple moving forward. + +Future updates on this contest will be done only on the weekends cause you know, during the weekdays we are busy completely re-engineering the global financial system by holding onto a stock in a company we like. Can't wait to see what you got! + + + +https://preview.redd.it/bv2tdaoecaz81.png?width=964&format=png&auto=webp&s=4a58e26670b92f2a6edec86e4fc6dbd0723326ce + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + And that's it for this week! + +# Don't forget to vote your shares ASAP + +&#x200B; + +https://preview.redd.it/axur3u2icaz81.png?width=1303&format=png&auto=webp&s=f906140941d3cb56122555cf92f71476c2062042 +https://www.cnbc.com/2022/05/19/cisco-stock-falls-10percent-after-company-projects-revenue-decline.html + +I know Cisco is one that people always point to as a "check out the all time high and get back to me" stock, but the shrinking revenue was still a surprise. +It's not a secret that we're locked in a Stag Hunt together. A [Stag Hunt](https://en.wikipedia.org/wiki/Stag_hunt) is a cooperative game from Game Theory in which two hunters choose to hunt either a Stag or a Rabbit. It requires both players to successfully take the stag down, so there's some risk that the other hunter will defect from cooperating and choose the rabbit so they don't go hungry, but if both players choose to hunt the stag they both achieve the maximum payout. For the Apes, hodling for MOASS is the stag, and paperhanding is the rabbit. + +Game Warping is essentially just the addition of games. The introduction of an external factor that is common knowledge to all players of a Game results in the rational players' payoff matrix becoming warped by this knowledge, leading to a shift in the [Nash Equilibria](https://en.wikipedia.org/wiki/Nash_equilibrium). For the Apes, this common knowledge is our collective pool of DD, as well as the memes that adhere the community together. + +The Stag Hunt we're in has been warped by the knowledge that [hedgies r fuk](https://fliphtml5.com/bookcase/kosyg) and have been plundering the global economy for decades, making hodling the only rational option. + +The game the hedgies are playing is the game of [Chicken](https://en.wikipedia.org/wiki/Chicken_(game)), wherein both the hedgies and the Apes have the option to concede or continue adding to their positions. But Apes have warped the game by eliminating the possibility of paperhanding as it is not a rational option for us. This skews the payoff matrix for the game of Chicken such that the Nash Equilibrium is Apes add, hedgies concede. + +MOASS is mathematically inevitable no matter how you look at it, the Apes have too much potential to navigate the [anti-rivalrous](https://en.wikipedia.org/wiki/Rivalry_(economics)) domain to compete with - they have an incredible capacity to extract the truth from the underlying landscape. Superstonk is a glimpse of what is possible in the future with DAOs. Apes have achieved the autopoiesis of a collective intelligence with an unrivaled potential to solve problems and research; Wherein each individual in the network is following "MOASS's Phoenix" ([Ether's Phoenix](https://medium.com/ethereum-optimism/ethers-phoenix-18fb7d7304bb)) - the promise that once we reach escape velocity all debts will be paid and that cooperation begets reward. + +This is exactly how Ethereum promises to skew incentive structures in the Games society plays. Smart Contracts are able to enforce the incentives of a Game to warp in such a way that cooperation is the only rational option. The Ethereum Network, much like the collective intelligence of Apes, is an unprecedented arena for playing cooperative games and has the ability to transmute all [zero sum games](https://en.wikipedia.org/wiki/Zero-sum_game) into positive sum games where cooperation can outcompete competition even within its own rivalrous domain. + +Papa Cohen and GameStop are the seed from which humanity will be able to speedrun achieving the connectivity of mycelial networks. The future is positive sum, not the zero sum world we live in today that prevents individuals from exploring their passions. + +Buy. HODL. DRS. Shop. Vote. + +Soon may the tendieman come. +This is just a warning for anyone who owns a flat in a block or anyone who is considering buying a flat in a block you need to make sure your block has had an ESW1 surveyors form otherwise lenders as of January will refuse to lend (this is relevant for remortgaging purposes too). This form is needed to be sorted as a repercussion on Grenfell. The form states its only relevant if the property is over 18m but lenders are requiring them for ALL block flats irrelevant of height. The form can cost up to £30k (outside of London) to get because the public liability is so high to sign it off. It is the freeholders responsibility to organise but many are refusing to take the cost creating unmortagble properties. Leaseholders can band together to share the costs but it's obviously a lot of money and admin. Additionally, if you are thinking of selling or remortgaging it can take between 6-12 months to organise getting the form so best to try and act sooner rather than later to avoid living in an unmortagble flat. + +I only discovered this £300 in legal fees in to purchasing a flat that didn't have the form. The seller is obviously having a nightmare though I'm disappointed I can't purchase the flat I've fallen in love with. The building is under 18ms but the lenders all still require the form. The freeholder is yet to confirm if they'll get it sorted but its not looking positive. Worth thinking about to if I do manage to purchase a block flat it may hamper the sale in the future. + +Supporting source: + +https://www.google.com/amp/s/amp.theguardian.com/money/2019/dec/28/mortgage-prisoner-ive-been-told-i-cant-sell-for-years + +Edit : spelling #dyslexiclife +I feel when I read about FI, there is a huge amount of negativity about corporations, "the boss"/"the man", working hours, etc. I thought I'd offer a quick anecdote in the event people would find it interesting :) + +I'm "the boss" in this story. I usually manage managers, who manage managers, who manage teams of engineers. In the one specific case I'm talking about, I also had a team of engineers temporarily reporting to me (due to some reorgs I was doing). I got to know the team, and it was pleasant to be directly managing engineers again. It's very different working closely with engineers, as they usually have a very different viewpoint (and needs) than managers. + +Anyway, I had a very skilled engineer come to me, and explain that he was going to go to a small company for fun. I asked for details, and as usual for skilled talent, tried to convince him to stay. I looked into the finances, and started off by explaining how much more he would make at our company. He then went into the story about his investments, side business, real estate investments, etc. Essentially, making money wasn't critical anymore to his long term success. + +Of course, this type of information made my job more difficult. But being financially independent didn't change how valuable he was to the company. I switched my tactic from bribing him to stay using money, to bribing him by widely letting him do whatever the heck he wants at our company. I convinced him to stay by essentially letting him work on the one pet project he found interesting. + +Over the next couple years: + +1) He regularly skipped our morning meetings. He said he didn't feel like waking up early sometimes. His management (me, and eventually someone else) had nothing other than "please?" to demand things, because he had the power in this relationship. + +2) He delivered amazing work, as long as he was excited about it. At any moment, if he looked bored, I absolutely jumped to offer him other ideas of things to work on. Again, he had the power to leave at any moment, so it was my responsibility to keep him happy. + +3) We gave him very nice raises. Again, he was useful to the company, and we knew he had plenty of options in how he could spend his time. Rewarding him financially might not have been necessary, but it was a small lever we could use to try to keep him happy. + +4) We had a very different relationship than other engineers on the team. He had the skills, and we had a list of things we needed to get done. I would ask him essentially "favors", like "We have a big presentation coming up, and I'd really like this new system to have a working demo. Do you think it would be possible to get that done before Wednesday?". And he'd decide if he had the time, and felt like putting in the hours. In many ways, it was the best working relationship I had. We were collaborating together, it was a good partnership. + +Eventually a couple years later he had another opportunity in a geographically different place, and departed on great terms. + +So the keys I wanted to share with everyone are: + +1) In many places, F-You money should be "No thanks" money. You don't need the power to "stick it to the man". Just take away the power for anyone to ask things from you, when they have an ability to take away something. If you don't "need" money, you can finally say "no thanks". And that's all that is probably needed most places. + +2) His co-workers deeply respected him. They knew he was FI. They knew he had great skills. They fully understood he was working with us by choice, and so he had a special position. Rather than feel resentment, everything I saw was about his co-workers attempting to emulate him. Multiple people on the team asked about advice on their startups, real estate investments they were considering, and of course his coding ability. And I specifically had his co-workers say statements like "I fully understand why ##### works on whatever he wants... we certainly don't want him leaving!" + +3) Your bosses aren't always going to be jerks. There are plenty of us out here who are fully thrilled that you're FI, and are working on it themselves ;) +My partner is a financial nerd, and super on top of money. Their credit score was 851 via the dealer, and they got a letter saying “we only finance loans we can resell.” + +Then their score is too high to get an interest rate worth reselling? Both dealer and secondary buyer don’t get enough of the piece of pie? Is that my takeaway? + +Edit: the letter explicitly says the dealer can’t make money off selling the loan to a third party, and it’s not a tiny place it’s a huge and official Chevy/GM dealer. + +ALSO: the salesman just responded to an email and said the letter is a glitch and it happens sometimes? A poster shared a link of a similar form letter going out to qualified buyers in CA. Weird. But the car industry is in a weird place, and the form letters are quite similar. +[Correction: 31st most valuable now. Worth the same as Bank of America](https://companiesmarketcap.com) + +HKD IPO’d at $7 on July 19 as a subsidiary of AMTD (which had around a $2b market cap). + +What does it do? Not really anything. It has some bullshit things on its website but the last press release was in December with a shit photoshop Microsoft-paint like new year’s greeting. + +[Pic](https://imgur.com/a/03syvZC) + +So the parent (AMTD) is now mooning as its subsidiary is worth 112x its own market cap even though AMTD parent can’t sell due to lock up. + +Clearly there is some massively low float fuckery going on here, but if any fund was short this monster, they’d have blown up. + +Here’s their website. Amazingly [awful](https://www.amtdigital.net) +A lot of people have been saying "What if the government shuts down the squeeze? What if they're afraid of economic turmoil?" I brought up trade agreement violations and loss of trust, but those aren't very convincing. So I'd like to bring up why I know the government won't stop the squeeze. **A huge short squeeze would be MUCH better than the alternative economic turmoil they will experience.** And no, I'm not going to talk about "loss of faith" or "trade agreement violations." This DD is about unfunded liabilities, and how the squeeze will be the ONLY option left to pay them back, avoiding hyperinflation and bankruptcy. (TLDR at bottom) + +This DD talks about unfunded liabilities. What does [that mean](https://ballotpedia.org/Unfunded_liabilities)? + +Unfunded liabilities refers to liabilities, or promises, that are not backed up by assets. + +This can be something like a promised pension to a worker, but the company has no money to back that promise up. + +So why am I talking about unfunded liabilities? Well. . . the US has a lot of those. About [87](https://www.mercatus.org/system/files/debt-in-perspective-analysis.pdf)\~[210](https://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/?utm_campaign=JM-305&utm_content=v37pvp&utm_medium=ED&utm_source=for&sh=787f78704d17) trillion, [in fact](https://www.forbes.com/sites/johnmauldin/2017/10/10/your-pension-is-a-lie-theres-210-trillion-of-liabilities-our-government-cant-fulfill/?sh=4b8ee09165b1). This mostly comes from social security, medicare, military spending, and excess spending causing debt year after year. + +# Where does all this debt come from? + +This mostly comes from Social Security and Medicare, but also excess spending and military. As we all know, the US's medical system is corrupt and only favours those with an extreme amount of money. When the government foots the bill, that's not a light one. However, it's not JUST "Big pharma" taking the government's money. The government has been fucking up too. + +[But fuck Big Pharma too, this is the shit they do.](https://preview.redd.it/ouyswx063p271.jpg?width=591&format=pjpg&auto=webp&s=c9092dcebfa08f7e889199cfe1626ec8bb9c5eec) + +Source [here](https://www.snopes.com/fact-check/alex-smith-died-couldnt-afford-insulin/). + +This increase in cost is because the prices are dictated by the markets, not the government ([in case anyone didn't know](https://www.investopedia.com/articles/personal-finance/080615/6-reasons-healthcare-so-expensive-us.asp)). These businesses know you'll be forced to fork whatever they ask for because you can't live without it, especially for drugs like insulin. Because of that, they can just charge you whatever they want. + +But if the problem with medical expenses is the lack of government interest, Social security has too much government interested in it. + +# The fuck up that is Social Security + +Let me preface this by saying that for 57% of people, social security accounts for a majority of their income. [Even the shills at CNBC agree](https://www.cnbc.com/2020/12/01/why-social-security-may-run-out-of-cash-really-soon.html). Yet, in this same article, you'll see that social security is. . . running out? How is this possible? They blame it on ageing demographics. But that's not the full picture. [People benefiting usually take out more than they put in](https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0), even accounting for inflation. Take a look between 1982's demographics and 2019 demographics. + +[1982 Population pyramid for the US](https://preview.redd.it/u91yn2zczo271.jpg?width=635&format=pjpg&auto=webp&s=80c8750648aa502b4aed78dfcd834f1819f9ac20) + +So it seems like there are many more younger people working and paying for social security, and only a few people taking that money out. In this system, social security works. + +[2019 Population Pyramid for US](https://preview.redd.it/nlf4deng0p271.jpg?width=661&format=pjpg&auto=webp&s=3f032b76e68709ef82405e8920e93ac9a14fa005) + +Well, it seems there are far more people taking social security payments compared to the people paying in. Considering that people tend to take more than they put in, it's no wonder why it's failing. + +But what about investments? Doesn't the government invest their money? + +From the [government themselves](https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0), they state that the program is a "pay as you go", meaning younger people foot the bill for older people. Then, any surplus is all invested into government bonds. The government "borrows" money from social security to fund other projects, and then they pay interest. This seems like a good idea, right? At least our third favourite shills at [CNBC](https://www.cnn.com/2018/05/21/opinions/social-security-myths-opinion-richtman/index.html) thinks so. + +However, keep in mind that they went all-in on **government bonds**. The same dog shit government bonds being shorted to oblivion. That, even on a good day, gives you shit returns. Great investment. This isn't even retarded by WSB standards, this is pure stupidy. At least YOLOing calls that expire the next day has SOME chance of making a profit. Investing 100% in bonds that give barely any returns guarantees failure of the system. Why do they do this? Well, it's because it's another source for the government to borrow money. + +**The government LOVES borrowing money.** Why would they pass up a chance to borrow some more? They're incentivized to borrow money because if you build a ton of infrastructure and give people money, they will like you, and want to vote for you. **Who cares about the economic situation in 20 years, if you just want to win the election and remain for eight?** + +# Why do the numbers differ so much? + +The numbers differ so much because of the way unfunded liabilities are calculated. Congress likes to use the 25-year model and can change what gets calculated depending on their wording. However, some economic professors like to use the "infinite horizon", where they calculate the unfunded liabilities if the current system was stretched out to infinity (In reality, it's mostly just within the next 75 years, as anything beyond that is not significant enough to change the numbers). + +&#x200B; + +[Laurence Kotlikoff, the man behind the numbers](https://preview.redd.it/as8j5kn14p271.jpg?width=217&format=pjpg&auto=webp&s=6ba6a07317efb6a62088a2bca9b6f7568fbb4dd2) + +I'll spare you the complex math these Nobel Laureates used to calculate infinite horizon, but basically, the further out in years you go, the less the costs and income matters. So a debt worth 10 trillion in the future may only be worth 1 trillion in the calculation. + +# This is public and accepted knowledge. + +Taking a look at my previous link [here](https://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/?utm_campaign=JM-305&utm_content=v37pvp&utm_medium=ED&utm_source=for&sh=787f78704d17). You can see **17 Nobel prize-winning economists supported the 210 trillion figure six years ago.** **This is NOT a debated topic.** Politicians simply avoid mentioning this because this is a ticking time bomb. While there is some debate over the exact amount, as seen [here](https://www.washingtonpost.com/news/fact-checker/wp/2015/05/13/ben-carsons-claim-that-the-u-s-owes-211-trillion-beyond-the-reported-federal-debt/), no one disagrees that unfunded liabilities are real, and they will continue to grow to a staggering amount. + +# Why is no one talking about this? + +Asides from this being so boring the sheer mention of "unfunded liabilities" would work better than a tranquillizer dart on some people, both Republicans AND Democrats have "borrowed" money. Why would they want to shut down something that helps them stay elected? + +I'm honestly struggling to find a good source to find out who borrowed what amount from social security. It's impossible to track what the money was used for. But take a look at the US Debt growing year after year. + +&#x200B; + +[Bill Clinton may have had sexual relations with a women, but at least he didn't add to debt](https://preview.redd.it/so4w3vcl7p271.jpg?width=799&format=pjpg&auto=webp&s=f20f5c76b6d424a92ad71ac2adac56ca6b7122fc) + +Regardless of where you borrowed from, it's a fact that they love borrowing. + +If you search it up, you just get blasted with "No, the government isn't stealing from you." No one gives a shit if the government says they're "borrowing", if they don't plan on paying it back, it doesn't matter. The problem is that with the unfunded liabilities, they may not pay it back. They're putting up a strawman argument and tearing that apart. **Kinda similar to the GME situation, don't you think?** + +[CNBC with pretty much everything](https://preview.redd.it/owlrcs9h4p271.jpg?width=596&format=pjpg&auto=webp&s=d31e892638f5ecd5b5854b660fb49f2d9ee6d69b) + +So the government has incentives to keep borrowing, both parties have borrowed tons of money, and they want to be able to continue borrowing, so no one talks about it. + +# Why the fuck do they owe so much? + +Sure, the program isn't perfect, but 210 trillion? That's obscene. How the fuck did they dig such a big hole? + +It's due to a compound of factors. Investing in government bonds give shit returns, especially with the government keeping interest rates low and having inflation rates higher. + +Privatization of health care have lead to rampant cost increases, about [twice as much](https://www.healthsystemtracker.org/brief/what-drives-health-spending-in-the-u-s-compared-to-other-countries/) as comparable countries. + +People take more than they put in, especially with longer life expectancy. + +The 1% are barely taxed for social security, the maximum you can be taxed for social security is $8,537.40, [regardless of what you own](https://www.adp.com/spark/articles/2020/08/social-security-wage-base-for-2020-announced.aspx) (wow, more tax benefits for the 1%). + +To be honest, this doesn't even convince me. I have some speculation on what's happening, but since I can't prove it with sources, I won't elaborate. + +# How does the squeeze help against unfunded liabilities? + +Income tax. You'll pay a lot of it once you're a millionaire. Especially since retail doesn't avoid taxes like wallstreet. The more you take from these hedge funds and banks, the move the gov gets. More details in Part II. + +# To recap everything seen here. + +The US promised Social Security and Medicare to a bunch of people that they won't be able to pay up. This is called "unfunded liabilities". + +This is anywhere from 87 to 210 trillion, but 210 trillion is the most accurate considering the actual amount of money the government has to pay. + +A short squeeze may cause some economic turmoil, but letting things stay where they are will cause far more damage due to these economic liabilities. + +In part II, I will go much more in-depth on what happens if the states DO NOT do anything. Their options consist of slashing medicare and social security for old people, going bankrupt, or letting the squeeze happen. + +# TLDR OF TLDR + +US will have tons of hidden debt soon, enough to bankrupt them. Squeeze gives them big money from capital gains tax. Tax helps to pay off debt to avoid bankruptcy. + +Squeeze better than bankruptcy. Government picks squeeze. + +**Author's note:** + +I'm not actually sure this DD fits this sub, as it's more general in nature, but I believe as House of Cards was more general and allowed, this DD should be fine. Also, I don't know when I'll post part II tbh. I'm just a uni student and life is getting in the way. + +All sources are hyperlinked in the document. If you have any corrections or anything you feel should be added, comment below and I'll take a look. Remember, Part II is in the works. + +Probably shouldn't base financial decisions on a Canadian uni student, but hey, nothing here is advice. + +Edit 1: Explain why squeeze helps gov. + +Edit 2: Looks like this post kinda died in the depths of "new" because I got a bunch of downvotes initially (shills?), but from the upvote ratio and awards, it seems like the people who DID read it, enjoyed it. I'll upload it again later if I need to. + +Edit 3: I'm pretty sure this post got yeeted by "bad actors" seeing as it started out with a 33% upvote ratio, and now it's at 97%. However, since it passed the 1k mark, I won't be reuploading it. Seeing the awards and the attention, I plan on uploading a brief part II along with editing part I to make it more clear for those of us with fewer wrinkles. +Hi All, + +My partner and I (married) both want kids .... emotionally. But every time we try to plan having a kid rationally we always push it off indefinitely. We currently have about 300k NW (80 401k/IRA, 220 brokerage). Our joint take home for 2020 will be about 500k. There is no reason to believe, except us getting fired/tech bubble popping, that we don't continue to make 500k or more together. + +* Live in NYC, but ok to move to Seattle (save state tax and COL) +* 300k NW, zero debt + * Would be higher if we hadn't had a really bad 150k investment that went to zero. We knew the risk, we think of it as a great learning opportunity. + * Also student loans didn't help. \~50k +* 500k joint total income, work at fortune 100 companies + * Both of us can get promoted this year (for full year 2021) so that our 2021 income will be able \~600k - 650k. But obviously anything can happen. + * Expenses are 120 - 140k, including helping out parents. So savings is \~200k/year. +* Want to have 1 or 2 kids, no more + * We want to send to private school (40k/year for 1-8, 60k/year for 9-12) and pay for college as well (another 70-100k/year) +* Currently both 26 +* I'm looking to fatfire into a "fun" job with 80-100k/year whenever we "RE". This job would allow me to drop-off, pick-up kids. + * Partner wants to work until NW >= 15M to fatFIRE to pull out 400k/year. When that happens depends on when we have kids obviously. If we do end up having kids earlier, likely FIRE at 10M instead and pull out 300k as we're older anyway so higher swr is ok. + +We consistently go back and forth between: A) have kids while parents are young, we're young, etc so that we can enjoy them and parents will know them and their children (hopefully). B) save more, have enough just in case something goes wrong (bubble popping) and ensure we have 1.5M liquid net worth (enough for entire child's life). There is always more we could make/save. +Hi all - just after some advice. I’ve spent the last 2 and a half years working in a call centre for a massive international freight/logistics company here in Australia, and all my jobs prior were various retail positions at liquor shops and grocery stores. I’m 23 so haven’t sunk too much of my life into the job yet but it’s been long enough that I know that if I stay another few years I’m likely to never leave - Hotel California situation. + +I’ve been lucky enough to not have to work on the phones for the past month or so, I did well enough that myself and a few others are now running a brand new chat team, but it’s a lateral, meaningless promotion with much the same work. + +I’m desperate to move into higher paid work (currently on 59k AUD) and need to get away from customer service. I’m not a particularly introverted guy, I’m happy talking to colleagues and clients, and have been commended on my ability to deal with customers (not exactly a rare ability, anyone with experience in retail develops this), but call centre work is absolutely soul-sucking and as menial as it gets. *I don’t have any tertiary qualifications/higher education past highschool*, though I’m seriously considering going back to study to raise my salary ceiling. + +I’m a single guy, so in a dream world I’d like a career where interactions with the public are at a minimum, with room to grow and a starting salary of 70k-90k. Is this even possible anymore? Is tech/software development still the magic bullet it was? I’m open to a lot - going to university, changing industries, potentially moving home back to NSW etc. Just gotta get out of this job. +So for a bit of context: I'm a 19 y/o dude from Melbourne who's currently studying full-time at uni, I've got 3 years left in my course studying computer engineering. I currently live with my parents so my expenses are very low. I receive Youth Allowance, so that essentially covers all my daily expenditures and the remaining amount ends up in my savings account. I'm looking at growing my savings more efficiently so I've started to read books about investments but I'm still unsure about which direction to head in, I've heard that index funds are a solid choice but I don't know which broker to choose and which specific fund would be catered best to my current situation. + +Also another question: I've recently been reading about the Student Start-up Loan, where you get $1,094 every 6 months during your study, just like HECS, this is interest free (but is still adjusted for inflation) and I won't need to pay it back until I earn above the income threshold. I was wondering if you could take the loan and buy government bonds with it to earn some interest? My four year course is around $40,000 and the loan would be another 6.6K on top of that. My parents say it's a bad idea to grow your debt any further and I'm not sure if this is just another one of my bad ideas. Sorry for the wall of text, it's just that I've had a few months of holidays to really think about my current financial situation. +What’s your rationale for investing in real estate? Sometimes I go back and forth on whether to buy more properties or just invest the money in passive index funds and not even think about it. On one hand the monthly rental income is nice. However, it seems like more returns most years in the stock market than waiting for the value of a house to go up, I don’t have to deal with annoying tenants, costs to reno/repair, or closing costs to sell. I know some of these things can be written off but is the tax benefit worth it? Couldn’t one just withdraw from their brokerage account to get the same monthly income if necessary? + +What’s your rationale? What am I missing here? +I understand there are monthly dividends and methods to receive a quarterly dividend every month. I wanted to know if there is any major advantage/ disadvantage to exercising one over the other. I have two small dividend accounts so far(fidelity and Webull) I don’t get why someone wouldn’t let just say buy a “buttload” of those monthly dividends like some of the credit sussie stock products out there(some under 5 a share) versus buying more expensive shares that takes a quarter for each dividend disbursement? I have been dividend investing for less than a year. +Need a simple app to calculate your dividend income? + +I was tired of calculating my dividend income on spreadsheets and overly expensive websites/services that were too complicated and quickly realized there was a need for a modern-day app that simplified this process. So a friend and I got to work and and months of prototyping and coding, we feel we've made the best and easiest dividend calculator app out there –– appropriately named DivCalc. We've launched it with high praise for its ease-of-use, features and capabilities. With a 4.5 star rating in only two weeks of being live! + +DivCalc features include: + +• Easily track your daily, monthly and annual dividend stock + +• News feed of your positions + +• Trending dividend stocks + +• Upcoming calendar with dividends and earnings + +• See expected income + +• Historical dividend chart + +• Projected future income + +• With more features to come! + +Would love it if you checked us out and provided us feedback. Check us out at: www.divcalc.app or clicking the App Store link below: Now available on iPhone and iPad! + + +https://apps.apple.com/us/app/divcalc/id1504176790[App Store Link](https://apps.apple.com/us/app/divcalc/id1504176790) + +Thank you. +This is more of a rant, but I'm truly disappointed at what a health equity professional has said. She is a leader for the government and well-known for her work with low income people.. I was having a casual conversation with her, and I told her about my commute to see my disabled parents and how I support them financially. She asked me"don't they get foodstamp assistance?" And added "shouldn't that be enough to support them? I just can't believe well-known public health professionals are so ignorant and would think that foodstamp is a lot of money. Judging from her background (doctor parents), it's obvious she grew up in a rich family and clearly see poor people like data. We're not just some people who can throw us into programs like calfresh and think we're financially stable since we have received help. I think it's time where we actually get health equity professionals who came from poverty. +I am meeting with a wealth manager in the near future. I'm all in on the Bogleheads philosophy of investment in terms of maintaining a personally managed low-risk portfolio, but I am still interested to see what this individual's sales pitch is (FWIW this wealth manager is employed by the bank my business has used for many years and not a random cold-caller). What are some good questions to ask? + +Also, I've read through a number threads within this sub debating the merits of investing through a wealth manager vs. sticking with personal investing. The most compelling reasons to use a wealth manager (that I saw) seem to be (1) peace of mind and (2) having a resource to help with broad wealth and tax strategy (vs. simple portfolio management which can easily be done at the individual level through Vanguard, Schwab, etc.). I have a really good CPA who does a great job managing my taxes, so it's doubtful that I'll get much value on the tax front. Any other benefits of using a wealth manager that might make the additional fees worth absorbing? + +Quick context - I'm 31 and recently purchased (I am 100% owner) a family business that has historically netted in the low 7 figures annually for many years. I'm still in the aspirational stage of significant wealth accrual (sitting at approx. $2M NW), but I have a vehicle to get where I'd like to go financially if I can keep the proverbial wheels on. Given the above, some prescient advice on the wealth manager vs. private investment front is much appreciated as I weigh different long-term investment strategies. +So I’m making the following assumptions here, follow me on it: + +1) AMZN is going to cream earnings, not sure if price will go up or down after the announcement, but I expect prices to increase somewhat before now and then. + +2) IV will expand up to earnings, then crash after. Any LONG option will likely have VEGA working in it’s favour UP TO expiration. + +I’m not going to risk a few thousand on a naked long call, don’t want to fuck with Theta decay either. So here is the idea. + +I was thinking a calendar call spread around a tentative predicted price of $2500 around earnings. + +BUY 5/8 $2540C + +SELL 5/1 $2500C + +The trade would cost $118, I chose the strikes to negate the cost as much as possible. + +This gives a profitable zone at expiration between approx $2100 and $2600 with MAX PROFIT at the short call value of $2500, and a MAX LOSS at $3330 + +Does anyone with a greater mathematical understanding (or the Tastyworks platform) have any tips for how to finesse this to maximum effect. Ideally I would like to be able to be profitable if the price stays flat for a while, and just collect the Vega as we get closer to expiration. Obviously I am expecting an increase in price but want to be protected against theta decay while the first leg is still active. + +Can someone tell me what would happen to these numbers as IV increases? This is all based on current IV. + +Thoughts and ideas on how to manage this as time goes on? Would i want to wait for expiration on the back month leg? + +EDIT: Options Calc is throwing up some weird results. +SHIBA is up 37% in 24 hours, while the rest of the market struggles to break resistance. I can’t find any news to see if any announcements happened, so it looks like it just may be a random pump. Thoughts? +When is enough enough? I have been Investing just since January of this year, and I have been in the green maybe a total of 2 weeks since then. This week I have lost 12% of my total investment. I believe in all the companies I’m invested in long term, but right now bad news after bad news has led to a sell-off. How do you know when the free fall will stop? It seems like investing has just given me anxiety, I’ve invested in companies from multiple different sectors and etfs and they’re all performing horribly, I don’t know if I need to sell and purchase other investments, or if I’d be selling at the bottom. Any advice would be greatly appreciated +I've been at FAANG for 4 years now and it's time to move on. + +I've narrowed down my offers to two fintech companies: one post-IPO and a series B. Both are great in their own ways and the comp packages seem fair. Generally, I've been a very conservative investor, but as my NW grows I've been slowing taking more risks. + +**Edit: why I want to leave a FAANG** + +* Politics (inside and out) +* Process heavy; light on shipping projects +* No longer innovating; not inspiring +* Performance reviews suck. Harder to level up. +* Not much learning opportunities left + +The things I enjoy the most with my work is designing and shipping products. I am a well-rounded designer that overlap with a cross-functional team; I think like PMs and Engineers. My goal is to have fun building products while on my financial journey. + +**The main questions I have:** + +* For those who went through something similar, how did you decide between going the startup route vs an established company that issues RSUs? +* Given my NW, how should I think about these two options? +* If I believe the startup's worst case scenario is $1B valuation, should I take the startup? + +**Post-IPO fintech** + +* $250K salary +* $180K RSU per year +* Post-IPO; 40-60B market cap + +**Series B fintech startup** + +* $250K salary +* 0.38% shares of stock options (4 year vest) +* $175M series B valuation @ \~2 years old +* Competitors valued between $1B and $25B; only found 1-2 competitors in this space who are about to IPO in the next 2-12 months. +* Strong user growth, established revenue with just 1 product. Building a 2nd new product next +* \~30 employees as of today + +My original goal was to grow my NW to $5-7M then retire. But as I age into my early 30s, I realized I enjoyed working and was too focused on the destination rather than the journey. This year I've been slowly making changes to enjoy life along the way. That means spending more (my current savings rate is 80%). + +Like many here, my NW has grown significantly over the last 2-4 years. + +**Net worth** + +* \~$2.1 combined NW (married) +* 60% in real estate / 40% in stocks (total in taxable and non-taxable accounts) +* VHCOL +* Early 30s + +Posted on a throwaway account. + +&#x200B; + +**Edit:** corrected the series B shares +TL;DR: + +I’m a solo programmer in NYC with decent trading knowledge but lacking in math skills, willing to work full time on trading systems without salary. How can I start to work with other people either in a business context or otherwise, that would be beneficial for all involved? + +Edit: By "willing to work without salary" I just mean my first preference would be either work for equity or some sort of "I trade my programming skills for your math skills but we keep our business interests separate" type arrangement, though I'd also be open to other options. I didn't mean it as "I'll work for free until I prove myself". My goal is to be able to work on programming the trading stuff I enjoy working on and make a living from it, whether it's by actual alpha generation or something else + +\*\*\* + +I’m a programmer who has always been interested in trading and markets and have always dabbled in side projects in that area. + +The holy grail for me has always been developing profitable automated trading strategies. I’m not particularly good at stats or finance math, but I have decent knowledge of the mechanics of trading and market microstructure and I consider myself a solid programmer. + +I do all my programming in Clojure, a not particularly popular language, but I know it well and love it, and it’s worth it for me to work in it despite the disadvantages of it being a small language. There are not as many robust trading/finance/stats libraries readily available so sometimes I have to spend a few days implementing something that would be available to use instantly in python for instance, and my solution is perhaps not as battle tested and robust. But I end up with an intimate knowledge of the inner workings, and in my opinion often a more general solution that is better able to leverage clojure’s core library and existing general purpose libraries than many other more closed backtesting systems. I have tried these systems before (quantopian, ta4j), but I simply yearn for clojure while using them. This is a flaw of mine, I know, but it is what it is and I accept it. + +Another potential flaw of mine that I’m more interested in fixing is that it feels much more natural to me to develop trading backtesting and analysis systems and tools than it does to do the actually analysis myself. + +I’ve now decided to focus 100% on finding profitable trading strategies and ultimately implementing them on live (though I’m extremely conservative with putting real money on the line). + +My problem is I get somewhat overwhelmed with all there is that I need to learn and need to implement to get to the point of being confident in a strategy and implementing it. I’m at a point where I am happy with the ability of my code to express arbitrary strategies and run them against historical data. But I really need work when it comes to statistically evaluating them, especially when it comes to things like confidence intervals and avoiding overfitting. + +To an extent I’ve been trying to learn about these things, but the process has been slow. I’d rather be coding and improving other areas of my analysis software. + +I feel very time constrained. There’s plenty to do when it comes to just developing backtesting infrastructure and tools, but there’s also clearly endless time that could be spent finding and testing new strategies, and then there’s also endless things i need to learn. + +I get the feeling that there would be mutually beneficial relationships that could exist out there. I’d be happy to code all day on this stuff without getting paid. I have capital available when it comes time to deploy it. There have to be people out there with complementary skills right? People that are more into finance math than they are programming? People that I can ask questions of all day about what math is needed to give me confidence in strategies. People that can request GUI tools and widgets that I can make them. How do I find you? + +How do I structure a mutually beneficial relationship? I’m not afraid to share my code for free. In theory it’d be cool to have a small group of people sharing code and ideas for free but working closely together all day in like a chat where ideas can be shared privately? But I wouldn’t want to do this if it would add even more mental overhead in terms of daily work. + +I think the ideal thing for me would be to work full time for equity in some sort of trading firm. How unrealistic is this? Again I have some capital potentially to invest, and am a programmer willing to work for free. I also live in NYC, obviously a major trading hub. Part of me feels like this should be easy, but I don’t know really where to start. I’ve dabbled in Cofounderslab.com but it doesn’t really seem like that’s going to lead anywhere fruitful. + +The initial release of my small backtesting library is here: + +[https://github.com/jjttjj/trateg](https://github.com/jjttjj/trateg) + +And I have a few other small trading related projects on my github + +[https://github.com/jjttjj](https://github.com/jjttjj) +As a disclaimer, I have not actually tested anything regarding sentiment analysis. I have a little background in it, done some work with Twitter posts but that was in a different domain from stock trading. Basically making this post to learn from others' experiences and whether this is a route worth going down/if its worth the time investment. Has anyone found an edge in doing sentiment analysis? If so, could you possibly share any relevant details? TIA! +Hi guys! +I’m a single parent to two children and am currently receiving Carers payments (both of my children have autism) as well as studying via TAFE online. I’ve managed to settle all of my debts and become debt free, have saved up about $5k and opened savings accounts for my children. I’ve been thinking of the future lately and what to do when I manage to finish my studies and get back into the work force. I’ve worked out a manageable budget and finally don’t have to wonder how I’m going to make ends meet for the first time in 3 years. + +I’m interested in learning as much as I can about possibly setting up a comfortable future for myself and my kids when I get back to work but have no idea where to begin. Do you have any tips or advice, book recommendations that can help me along with the whole financial world? I’m a complete newbie when it comes to buying, investing and saving etc. + +Edit: Thank you all so much for your kind words and support. Barefoot investor was actually what started me on my debt free journey and I've recommended it to my family and friends also. You've given me some awesome information, so thank you very much. Hope everyone has a good day :) +I started to dabble in stock right when covid hit to take advantage of the low cost of entry for many stocks. Of a $1000 investment, I've slowly doubled it over the year I've been sitting on a handful of stocks. My most notable one was Disney, buying 6 shares at around 94 and now it's $181. Should I be holding onto this for even longer term, or should I sell? + +Not really sure what else I should be doing. Should I be "selling high" as they say, or just hold onto it for life and cash out when I need to? +Have none of you people seen a holiday movie? Of course it will seem unlikely that the thing everyone hopes will happen will come true. + +We are in the final stretch now, so be prepared for some seasonal magic to hit, no matter how ridiculous and contrived. Perhaps it will happen when the Grinch character in your life (A douche brother - in - law perhaps?) will say something dismissive like "You should never have wasted your time and money with something as foolish as crypto". + +Then you will see the numbers start to shoot up. His eyes will go wider and wider as he realizes his mistake. (You giggling when it hits $69K won't help any). When it finally hits $100K, his heart will grow 3 sizes that day and you will be vindicated. + +This happening is inevitable. The only chance of it not happening would be if our lives are not a work of fiction, and that seems very unlikely. +Hello fellow apes +🚀🚀🚀🚀🚀 +💎🖐️💎🖐️💎 + +Thought it would be a good idea to get a list going here of all the tricks the HFs and government may use to scare folks and force Apes to fold during the MOASS. Would be a wonderful resource for anyone to refer to as things get hotter on GME (or even AMC). + + +Please drop your suggestions in the comments so we can keep this cheat-sheet growing: + + +1) Ladder Attacks (Edit: aka Wash Sales, credit to u/ApocalypseMao ) + +2) Pump it up to make us think the squeeze is happening, then DROP the share price suddenly in order to shake out paper hands. Don't be fooled by sharp momentary drops. + +3) Put out false news (articles, TV, etc) claiming they have already covered + +4) Make us, or the general public, think that we are causing a market crash + +5) Threat of Lawsuits against retail investors + +6) Threat of regulating retail investors + +7) Joe Biden or any other head of state making announcements about taxation etc. + +8) Restrict buying (or selling) on your trading platform, and any threats thereof + +9) Infiltrate Reddit, Stocktwits, or Twitter with bearish sentiment + +10) Infiltrate social media with FAKE bulls to lead you astray + +11) Lie about the possible ceiling/floor of the squeeze + +12) Tell you there is no squeeze + + +Remember, a lot of us invest in GME simply because we like the stock 🤷‍♂️ + +Thanks all! + + + +Edit 2021-04-27 1:18PM + +13) HALTING Trades (I recall there being at least 6-7 in ONE DAY for GME, back in January). These are tricky because they can go on for an unknown period of time, and can open back up either rising or falling. Don't be fooled by these distractions. + +14) Vilify GME Holders (credit u/ghostclown17 ) + +15) Spread FUD (fear, uncertainty and doubt) that Brokers, SEC, or Government will screw you at higher prices so it's safer to sell for cheap (credit u/ghostclown17 ) + +16) Use shows like SNL, late night etc. to mock GME holders and other apes (credit u/Drilling4Oil ) + +17) DAY TRADERS: They will make you lose sight of your goals, and get you to focus on small swings for chump change (credit u/Raaymih ) + +18) Fellow Redditors swaying you with "Good Will" posts about selling early to donate (credit u/daweedhh ) + +19) DEEPFAKES. This is a wild theory, but who knows what would resort to if desperate enough (credit u/Paweloso ) + +20) Pumping news or ads about Mental Health, and telling you that GME or WSB is causing declines and suicides (credit u/tealou) + +21) Plateau the stock price (credit u/NickdeVault57 ) + +22) SHUTDOWN REDDIT OR ANY RELEVANT STOCK SUBREDDITS!!! +*Note: I am mostly summarizing the aggregate of explanations currently floating around about the 1/29/21 option expiry date. I don't claim any knowledge. This is not investment advice. Do your own research, don't invest what you can't afford to lose, and if something feels wrong it probably is.* + +**TL;DR: This isn't about options (yet), it's about shares, and Institutional Investors are playing a dangerous game by convincing us (some of y'all have bought in without realizing it) that a magical short squeeze has some 3-day time limit, that Friday is somehow the end game, and are hoping that when investors don't see a $5,000 short squeeze by next week they will fold and take their gains at a "reasonable" double-digit stock price. Don't believe them. They can survive through mid-late February before the true short squeeze smashes upward. And I'll be ready. I like this stock and believe in it's long term potential, and I think it's undervalued.** + + + +**THESIS:** If institutional investors can (1) convince retail investors to sell stock at low prices and (2) convince their lenders to wait, then the 0.01% get richer. + + + +**JUSTIFICATION:** There is so much public sentiment (passion, enthusiasm, excitement, anger, whatever) surrounding short (~1 day) price movements*, and Friday's expiring options (these are also end of month contracts), that it seems like big clever money may be trying to artificially create a sort of bear trap for shareholders. + +Whatever happens in the next week or so (crest to $700? crash to $60?) almost means nothing in the long term, but could fool investors into giving these guys CHEAP ways out of their 140% float short interest positions. Remember, these are people who have been dumping tons of money for a long time, shorting the stock when it was *in the single digits*. They've been hoping for a GameStop bankruptcy, and manufacturing one as best they can. + + + +**IT'S DIFFERENT THIS TIME:** Remember the VW infinite squeeze, where we saw **weeks** of crazy price movement before the actual peak. And that is a mild case, as most of the shares were held by an entity with legal, competitive, and strategic reasons and obligations forcing them to hold shares and **artificially reducing the float, or available shares for trading**. This reduced supply caused the short squeeze. + +However, this time around we've got a huge short interest, much much larger by comparison than that from VW's 2008 peak, to the tune of **140% of shares available for trading (float)**. They've massively overreached, and are going to pay the price for that. **But they haven't yet.** + + + +**SO YOU'RE SAYING THERE'S A CHANCE:** This time, however, if the big dogs can shake shareholders hard enough, weak links break and paper hands fold and a fantastic long term play starts to seem out of reach. The market manipulation wins. + + + +**DARE TO BELIEVE:** Unfortunately for the shorts, GME has [real long term prospects](https://www.reddit.com/r/wallstreetbets/comments/l2zk5e/a_hedge_fund_managers_perspective_on_gme/?utm_medium=android_app&utm_source=share) to revolutionize the gaming industry for consumers, and now has the attention and potential equity momentum (if they play it smart, which I think the new leadership will) to make this a reality. + +From that link above: +>In GME's case the rise in the stock price itself will likely result in fundamental improvements to the underlying economic metrics of the company. + +I believe. + +However, if the shorts can fight, sneak, manipulate, and otherwise adjust the share price down this week then they start to see light at the end of the tunnel. They make 2-3 week plans for doing the same thing. For them, prices don't have to bottom back out, they just have to convince enough people to sell that they buy thrmselves a few weeks before a short squeeze really takes them all under. + +*Some of this price movement is shorts covering, but much is actual legitimate investment between retail investors and other institutional investors who have seen the light. Remember, TSLA didn't get to where it is because one company made some bad short positions. But if GME shorts can convince everyone that a 3-day squeeze is all they get until GME crashes to some "normal" level, then they win. + +Everyone getting hyped about Friday is playing into their hands. Yeah maybe some will need to take gains after a Friday pop, but a smart long-term hold position on GME is what they're really afraid of. And I want to be a shareholder in GME's future, as many wanted to be with TSLA. And sure, maybe if everyone else thinks that way too, there may be an incidental short squeeze that wrecks the uber wealthy in mid-late February along the way. + +**Again, I am not claiming to be knowledgeable or insightful, just commenting my best guesses. Nobody knows the future. This is not investing advice.** + +🚀 +The price of oil dropped below $100 per barrel on Tuesday, the first time it hit that level since May. + +Details: West Texas Intermediate crude dropped 10% on Tuesday, which started at around $110 per barrel. It’s one of the largest one-day drops in 2022. + +The Problem: Fears of a potential recession have spooked the energy sector. In addition to the current price of oil dropping, oil futures also declined on Tuesday. + +Stocks: The sudden drop in oil crushed several energy stocks on Tuesday. Marathon Oil (NYSE: MRO) dropped 6.30%, ConocoPhillips (NYSE: COP) fell 6.93%, and Halliburton (NYSE: HAL) declined by 8.08%. + +Final Thoughts: Energy stocks will suffer if there is a recession, especially if you think that oil prices have already peaked. Energy has been the best-performing stocks sector so far in 2022. + +Hope you enjoyed this commentary. Please subscribe to Early Bird, a free daily newsletter that helps you identify investment trends: https://earlybird.email/ +I'm watching some new ETF's like: SPYX, and seeing a "short attack", isn't that a dumb idea? Doesn't that just set up a buying opportunity? + +Because they're not affecting the underlying stocks, they're just mis-pricing this one ETF? + +What am I missing? + + +I'm curious if the the companies involved in the keystonexl project are financially better off having never started construction of the pipeline, given the current price of oil and it's projected low price for the next several years. +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 +Hello everyone. + +So, I am 25 Years old and have put aside a certain amount to target long-term investing, mostly ETFs and Stocks. + +My country of origin is Greece and I was looking into Degiro to start my journey, that's until I found out you can't work with US ETFs. + +Lately, I have heard again and again about Interactive Brokers, and was my go-to option, until I saw their platform. + +I am new to this world and seeking solid advice about which to choose. Thank you very much for your time! +Obligatory "asking for a friend" + +Suppose you've grown up poor, lower class or lower-middle class and that's your social environment: folk who only envision wealth as a struggle on average, and at best the unlikely reward for hard labor. Where financial education just does not happen. Where financial decisions are taken in secret, where money talk is taboo or frowned upon. + +As you're studying financial choices, suppose you learn a lot about sound financial decisions, compound interest, advantageous tax rules, etc. + +**(1) How do you share this knowledge with your social circles? How do you make it a conversation topic, so that other folk can benefit from it?** + +And then later, what do you do when the day comes and you've actually become financially independent? As in, not having to work? + +**(2) How do you explain it to folk?** + +**(3) What are the social rules? What are the "do's" and "don'ts"? Any dangerous topics only to broach with care?** + +**(4) How to recognize in the social circle the folks who are least likely to be uncomfortable, or more likely to empathize without envy?** + +**(5) When meeting new friends or potential partners, what are the tactful and sensitive ways to signal financial independence, without bragging about it?** + +Thanks in advance for your guidance. +Hello, late 20 something living in the baltics. After years of financial struggles and lack of stability, I finally managed to get a job with good salary and saved furiously for a year until I used that savings to buy an apartment (on mortgage). + +Now I am starting to save up again as I pay my mortgage. I have 4k in savings now. I have never invested but I have been reading and following all financial related topics. + +I contribute little amounts to Pillar 3 but it's not much due to focus on savings. + +Should I focus on contributing to pensions and max it out or should I also have an investment account (on IBKR let's say) and start with small investments (100-300 euros)? +I owned x number of Tesla shares last year and after the stock split around September, I now own 5x of those shares. DEGIRO’s annual report shows the transaction as if I sold all my x shares and then bought 5x for the same price. + +The ‘sale’ is now showing their ‘realized’ gains from these x shares. + +1) I’m fairly certain that I won’t have to pay any tax on these ‘gains’ but does anyone have experience how to navigate this situation when filing taxes? + +2) Does anyone also have experience declaring their capital gains for taxes through shares in Germany? I’m using DEGIRO NL platform and they don’t deduct any taxes at source. + +3) If you have experience with a good and affordable Steuerberater in Berlin, please do share their contact in a private message. +IT Freelancers\* of Europe - Where do you set up your company? + +Anyone set up in East Europe? Other similar interesting setups? + +What are the main benefits you have noticed since switching to this setup? Was/is it worth it? + +&#x200B; + +IT Freelancers\* => hourly rate / 3-12month contracts +Hi everyone! After days of beating around the bush I am still unable to find information on how I can replicate the following portfolio in Europe. +http://www.lazyportfolioetf.com/allocation/ray-dalio-all-weather/?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link + +I'm trying to find either the exact ETFs or something like them on Degiro. + +To be specific, I'm unable to find/decide on which bonds to buy. How to buy commodities? Paper or physical? + +As you can see I only have stupid questions, so please be kind to me. + +Thank you. Looking forward to your comments. +I've been paying taxes my entire adult life. Why the fuck should I be afraid to see Uncle Sam dip his hands in my pot again? + +The way I see it the only ones who truly are afraid and see taxes as an unacceptable loss are the ones who haven't had to watch large differences come out of their paycheck their living off of week by week. + +Fuck the FUD, you can't scare me when we don't fear the same things. +Everyone gets over-questionable when a stranger offers help; it's as if we want to see someone else's money to know they are legit. + +At the same time, the people who demand to see proof of profit don't actually want to learn how to trade forex, they want to copy and paste trades from some "guru"-like figure. + +Those who are so concerned over the validity of help are the same people who scavenge the internet for buy/sell stop loss/take profit trading rooms. None of that is actually learning how to trade forex. + +Nobody here will learn how to trade forex if they don't risk their own money and learn their lessons. Even more so when you want to see someone else's success then try to copy their formula exactly. + +Most inevitably hipocrites and incredibly lazy, ask to see proof of profit so they can have hopes of making mkney without learning anything. + +Stay lazy and stay at your net worth. + +EDIT: didn't mean to come off so harsh in the text post. main moral here is you will have to work harder than you are currently capable of, starting with finding the motivation to work harder without shortcuts in the first place. +Hey guys, + +I’m just getting into the forex scene. I’ve noticed that the most people on this subreddit treat currency trading like it’s just numbers that move, looking at the levers without understanding the context on why levers are moving. + +I’m not a big history guy or a big politics guy, but I do maintain a practical understanding of both to make currency trading a long term investment. That way you can skip all the forex lingo and really evaluate things by yourself imo. There’s a lot to gain knowing if developing countries currencies like the Brazilian real will bounce out of its years long deflation, for example. Some African currencies are also on the come up. I think we should be treating currency trading like the stock market. + +What do you guys think? +Guys, I'm in a pickle +I call this the picking of 2020 +I ran a huge hedge on one of my accounts for XAU/USD + + +I made a deposit of 700ish and starting to make buy and sells at the same time +I run no stop losses and have take profits of $100 or manual exit + +The goal was to try to run wave patterns and hold trades in swings + +Each time I hit a TP I would re open the same trade + +However the hedges would be negative exactly what I was up so depending I would wait and close or hold and close on profit but again the opposite side of the trade would then be negative and I would have to wait or hold + +The problem became apparent nov 6th when gold took a massive 100 drop on one day and I had multiple buys open at 1960 +I ran the sells down until 1760 and ended up with a massive profit but I was also now running a negative balance roughly what I made in profit due to the hedge positions + +When gold hit 1760 I made the mistake of launching more sells and then becoming pickled in between buys at 1960 and sells at 1760 all in .10 lot sizes + +I failed to realize the reversal at the 1760 mark and was still opening buys and sells at the same time mainly because I was blinded by available margin using hedges to balance out what was available. Really this was my downfall as if I had enough money in active margin I could have made buys only + +This was when the real pickle started to happen +Margin was super thin and the account was at the point of collapse +17k profit about to go poof + +So I added more money to the account and yet again pickled myself by launching more trades instead of holding margin + +So again I added more money and more money before realizing that my swap fees were absolutely destroying my ability to keep daily profits + +I'm now working to maintain margin by taking profit on trades to pay for swaps as daily swap fees are eating away at my available margin + +I'm now in full understanding of the beast I have created and the monster that has been unleashed + +I'm pickled because I have to many active trades of buys and sells eating up available margin. Daily swap fees are becoming hard to meet at current levels of open trades and the gap between active buys and sells are $200 apart in price between sells at 1760 and buys at 1960 + +My potential courses of action + +1.) Deposit more money and ride out the beast attempting to make daily profits and pay swaps then reduce buys as we can + +2.) Exit trades for a manageable loss in an attempt to bring available margin back to a maintainable level + +3.) Find another pair to trade that requires less active margin per trade in an attempt to save face + +All in all I think I'm pickled here but I feel like there is a potential way out. I fully understand this will require me to take a recognized loss on profits but I'm trying to do this without nuking the account and possibly losing the money I put down. + +TLDR - I'm retarded +[Working from home - Claim Tax Relief](https://www.gov.uk/tax-relief-for-employees/working-at-home) + +FYI as its not mentioned much here - I don't know how this play with Corona enforced lockdowns - but in general if you have to work from home you can claim £4 per week for it from HMRC. + +There is a quick calculator on the above website that shows if you'd be eligible or not. +So recently I have been blessed to have an extra $50,000 to be able to invest. For the last year I’ve been using my own money and investing in the stock market and made 150% profit helping to pay extra bills and fund a vacation. I’ve never traded options before or done any type of day trading but I know that a $50,000 investment can turn into $100,000 within a very short period of time. I don’t want to obviously dump all of it into one area but what is a good dollar amount to get started to truly make a difference in your trading? +Will these Chinese EV companies go up due to Joe Biden winning the election. With Biden having Chinese relations, promoting climate change and environmental justice. + + +[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!* +EDIT more details about trade and my portfolio size because a lot of people asked and most of the commenters assume it was a meme stock : + +I had around 5K cash position in my portfolio and total 17 K available as margin. I was short put on one of the DAX 30 stock called "Wirecard:, when it was around 100 EUR, I was quite far OTM but it moved from 100 to 15 EUrR in three days, because audit basically uncovered that all the profits that company showed in last five years basically did not exists, it is a crazy story and still unfolding they forged bank signatures etc... + +EDIT 2 so what happened: +I shorted a put deep OTM on wirecard that was trading around 100 EUR. Puts were about to expire worthless, I tried to buy them back however there were no buyers at 5 EUR so or my orders were not going through I decided to wait for one more day and call my broker if there is a technical glitch. Well next day apparently massive fraud was discovered and stock dropped 60% in a day. Now they have filed for bankruptcy and CEO is in Jail. The stock was part of prestigious DAX 30 club, a digital payment processor with good prospects in Germany and Europe from my DD. + +I made a bad trade last month that blew up my entire account. I am still trying to come to terms with the loss last month. I know I should just think of that as a lesson and keep trading but I am somehow too scared to get into short positions now. + +In last couple of weeks, I have been doing overly protective things like buying a further out put to cover my short put, closing the short side by buying it back at a higher than normal price etc. + +I did a month end analysis today and found I have been buying more than I am selling and that is obviously eating up my already miniscule gains. + +how did you guys bounced back from big losses ? or at least how do I [revent my past from interfering with my future trades. +I discovered this strategy approximately three months ago, let's just say it's been enlightening :) I'm still learning the subtleties of the wheel. Besides that, what is good to learn and why? (PMCC, credit spreads, iron condor, etc.) +Hello all, I lost my house in a fire last night. Everyone is ok, but everything is gone. I have homeowners insurance and have already begun the process with them. I have my insurance documents stating coverages, etc. I've never been through anything like this before, so I guess my question is what do I not know? What do I need to be aware of or looking out for with this process and dealing with insurance? Thanks for any advice and help. +https://www.mirror.co.uk/money/mastercard-fined-501million-breaching-eu-13891070 + +The stock dropped around 2%. Do you think this is a buying opportunity or a long term problem? + +PS: I am holding a few Mastercard stocks. +Yes they're related fields, but recently it seems as though a lot of submissions are blurring the line in a way that seems wrong to me. + +Edit: Just to clarify, I'm talking things that I acknowledge *could* be considered relevant to Economics, but in practice are simply partisan bickering. An example is yesterday when it was submitted that Bush inherited a surplus. That's not particularly relevant to Economics by itself and the submission really would have been more appropriate in politics. The submission today about the alleged dead labor unionists doesn't really seem to fit either. +I've often read that the Austrian school of economics does not use arithmetic or econometrics to support its theories and therefore does not get much respect from most economists. Is this true? +There is lots of technology-related activity going on around us at the application layer for extremely low costs. For example, Reddit has thousands of users online at any given time exchanging ideas about science/technology/programming/energy, posting stupid cat pictures, and arguing whatever and the only way this is really accounted for in GDP is via Reddit's meager advertising revenue (and indirectly through increased demand for computer/networking hardware and electricity). Another great example is open source software. I'm a grad student in CS and have worked on many open source projects, but this is only indirectly counted in GDP (I get paid a stipend and people benefit from my contributions indirectly). + +Here are some more examples: Pretty much everyone has a free email account these days that is extremely valuable to them personally, but is only paid for with advertising revenue for Google or Yahoo. Additionally, such extremely low-cost services have replaced many traditional economic activities (e.g. snail mail, newspapers, etc.). Wikipedia and Dictionary.com are other examples: how many people actually buy Britannica, Websters, or Encarta these days? Yet another example is file sharing (legal or illegal). This has obviously reduced the GDP bottom line, but has overall caused an increase in activity. + +My point is that there is a lot of activity going on these days that is not counted in GDP but still improves the lives of people in the exact same way as goods and services that are counted in GDP. As time goes on, this "free" economy is continuing to get more and more important. My question is: what does /r/Economics think about this? Should we change the way we keep track of aggregate economic activity? Or should the low-cost/free technology services just continue to count for next to nothing in GDP? They obviously do have indirect benefits, but the direct benefits seem to be undercounted on the surface. Taking this further: do you think that economic growth is being undermeasured because of this? + +I want to hear everyone's opinion on the matter, but I'd especially love to hear some PhDs in economics discuss this and let us know what the latest research says on this matter. This post is obviously related to the [Solow computer paradox](http://en.wikipedia.org/wiki/Productivity_paradox), but I was wondering if there is more recent work on this issue (especially since one of the major reasons for the Solow paradox is claimed to be mismeasurement). This is also related to the old ideas about how unpaid domestic work by women is [not accounted for properly in GDP](http://en.wikipedia.org/wiki/Feminist_economics#Domestic_systems). + +Thanks. +I've often read that the Austrian school of economics does not use arithmetic or econometrics to support its theories and therefore does not get much respect from most economists. Is this true? +I’ve just gone from £57k paid monthly to £41k paid weekly. I’m struggling so much and I don’t understand. + +I used to clear 3,300 ish. +- 1000 on rent and bills (including service charge, two phone contracts, internet, insurances and all utilities, plus saving money towards car insurance and tax) +- 250 childcare +- 1000 spending for food, going out, transport (household of three), clothes for kids, trips etc - am a single mum, no support from their dad + +I would then save the other £1000 pm, but may put this towards a holiday etc. I have around 16,500 in savings. + +I now spend more because of travel to new job, additional £25 per week. + +Can anyone help me work out why I’m struggling so much. I’ll be paid around £630 tomorrow and just don’t know how to manage it. Feel totally ashamed this is so difficult for me. Surely my income hasn’t dropped that much? I should still have some money for saving? So confused! +Hey guys! + +First time poster here looking for any advice/guidance with my finances: + +27m living in major east coast city making \~$105,000/year. net worth \~$140,000. Living solo in a 1br apartment, which runs me $1,175/month. No loans, no car, no other monthly payments. Saving roughly $3,000-$3,500/month in cash. + +Current savings: + +* $28,000 in HYSA (earning 3% interest on the first $20,000 only) +* $74,000 invested in Vanguard (85/15 in stocks/bonds) +* $9,000 in Vanguard rollover IRA (contributed the $6,000 in 2020) +* $33,000 in current job’s 403b + +Contribute 20% of each paycheck to Roth IRA, employer matches 4% + +I've read the flowchart; I have 6+ months of emergency funds saved, no debts, match employer, max 403. + +My primary goal is to buy a house in the near future; however, I'm not sure if I’m truly sold on this commitment yet. Ive read on here to keep cash in HYSA for a house rather the market due to volatility. Torn between committing to saving all cash for a possible house or prioritizing retirement savings and invest it. I would prefer to put down a big down payment and do a 15-year mortgage if I were to buy a house. Any recommendations or thoughts on where to prioritize funneling my money? Thanks in advance, you guys are awesome. +So August 2018 I decided I wanted a motorcycle, to save on gas and just for the sake of it, but I didn't have that much money. So I bought what I could and spent every last penny I had on the bike itself and some needed repairs. + +Later on I had a trip planned with family and needed money for that (couldn't decline it since there were bookings made for me), so I got into debt. Now the motorcycle is broken, and I don't have money to fix it because I have debts to pay that can't be postponed, since is money I owe to people. Should I sell the motorcycle for whatever money I can get out of it in the state it is, knowing I'll be loosing all the money I spent on repairs, but having that money available to invest somewhere, or just leave it there gathering rust until I have the money to do something about that motorcycle? The bike still has a lot of expensive work to be done. It was really a bad purchase. + + Thanks in advance for any advice. +I have $65,000 in savings. I’m 38, work freelance, make around $35-40,000/year, save about half of that while keeping expenses low. I own a home with a rental unit and have 14yrs left on my mortgage (just refinanced). +I have a high interest savings account (1.25% APY), and recently started a Roth IRA. +I really want to grow this money over time, but am afraid of losing in the stock market because I know nothing and don’t find learning about it at all interesting. +What would you recommend doing with my savings? +I know it's not a huge amount of money, but I was going to put it in a savings account and then thought there's probably something better I could do with it. +I’ll be making $40k a year starting in 2022. After benefits and taxes I’ll be making basically $2422 a month. I currently pay $700 in rent but that may actually be going down in the new year. The rule of thumb is 20% of monthly income, but what about after that $700 is taken out for rent? Thanks! +I’m in my late 20s and have been stressing the last year or so about financial planning. I made a goal of finishing off my student loan payments and been saving for a rainy day (6 month) fund. Now I reached the goal, but I feel more added pressure to save move, invest more, etc. as if I’m not doing enough. + +Anyone else feel the same way? If so, any advice on how to not stress about this is greatly appreciated. +I'm curious if there's anyone here whose gotten *REALLY* rich thanks to Bitcoin. I'm not talking about gaining just a few hundred or a few thousand USD, but hundreds of thousands, or millions of dollars. + +If so, how has your life changed? What are you doing with it now? Have you "cashed out" significantly, or is most of your wealth still in bitcoin? Have you made any other investments with your earnings (gold, fiat, stocks, real estate, brick and mortar businesses)? Are you living a life of leisure? Pursuing your dreams? + +This is all for curiosity sake. And FYI, I am not a bitcoin millionaire. I am a bitcoin newbie with 0.01 BTC to my name. I just find the technology and the virtual gold rush fascinating. +Guten Tag to this global band of Apes! 👋🦍 + +Cinco de Maya did not disappoint - while it may have been pure coincidence, the various trademark filings coinciding with the browser extension wallet screenshots appearing on a day that's been teased in various RC tweets is delightful. When it also happens on a date where the entire market dropped in a very 'margin calls galore' fashion... well that's even more tit-jacking. These are truly chaotic times for investors, but we are no strangers to chaos. Apes HODL with Diamantenhände through it all - until we see the systemic reform, there is no sell button. + +As we close out another week in the GME saga, take a moment to reflect back on the past year. GameStop has formed some fantastic partnerships and is on the cusp of placing their enormous customer base on the doorstep of blockchain commerce. With their partners in the game and collectible industry, and the propensity of gamers to be early and enthusiastic adopters, I expect them to be wildly successful in delivering compelling content to eager customers, and their success will bring other future partners. This company is revolutionizing retail, and Apes around the world hold well over 10m shares in our own names. GameStop is launching the wallet any day now, along with the NFT marketplace. Meanwhile, the split is all but guaranteed, and in less than 4 weeks we'll see the power of our collective voices. + +This is going to be a wild month, and I cannot wait to write about it. + +Today is Friday, May 6th, 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: **$118.02 / 111,68 €** *(volume: 422)* +- 🟥 115 minutes in: $117.89 / 111,55 € *(volume: 421)* +- 🟩 110 minutes in: $118.02 / 111,68 € *(volume: 411)* +- 🟩 105 minutes in: $117.99 / 111,65 € *(volume: 411)* +- 🟥 100 minutes in: $117.93 / 111,59 € *(volume: 406)* +- 🟥 95 minutes in: $117.94 / 111,60 € *(volume: 405)* +- 🟥 90 minutes in: $118.18 / 111,82 € *(volume: 391)* +- 🟥 85 minutes in: $118.22 / 111,87 € *(volume: 391)* +- 🟩 80 minutes in: $118.46 / 112,09 € *(volume: 391)* +- 🟩 75 minutes in: $118.43 / 112,06 € *(volume: 391)* +- 🟩 70 minutes in: $118.40 / 112,04 € *(volume: 391)* +- 🟩 65 minutes in: $118.03 / 111,69 € *(volume: 373)* +- 🟩 60 minutes in: $117.80 / 111,47 € *(volume: 261)* +- 🟩 55 minutes in: $117.78 / 111,45 € *(volume: 261)* +- 🟥 50 minutes in: $117.71 / 111,39 € *(volume: 251)* +- 🟩 45 minutes in: $117.80 / 111,47 € *(volume: 247)* +- 🟩 40 minutes in: $117.72 / 111,39 € *(volume: 159)* +- 🟩 35 minutes in: $117.71 / 111,38 € *(volume: 66)* +- 🟥 30 minutes in: $117.59 / 111,27 € *(volume: 66)* +- 🟥 25 minutes in: $117.63 / 111,31 € *(volume: 61)* +- 🟩 20 minutes in: $117.70 / 111,37 € *(volume: 46)* +- 🟩 15 minutes in: $117.67 / 111,34 € *(volume: 46)* +- 🟩 10 minutes in: $117.66 / 111,34 € *(volume: 40)* +- 🟩 5 minutes in: $117.62 / 111,29 € *(volume: 27)* +- 🟥 0 minutes in: $117.53 / 111,22 € *(volume: 8)* +- 🟥 US close price: $119.13 / 112,73 € *($117.65 / 111,33 € 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 1.0568. 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! +Tech war has begun. West vs China. “With the latest action, the chasm between the US and China has now expanded to the point of no return,”. + +Are western governments really willing to throw unlimited money at domestic semi conductor fabs until the industries are completely independent? Is this like the space race all over again? + +>In August, Mr Biden signed the Chips and Science Act into law which pledged $52bn to revitalise semiconductor manufacturing in the US. + +>The bipartisan legislation was seen as essential to national security interests to reduce the dependence of Taiwanese-made chips, which account for around 90 per cent of the market. + +https://www.independent.co.uk/news/world/americas/us-sanctions-china-semiconductors-industry-b2202941.html + +US sanctions on Chinese semiconductors ‘decapitate’ industry, experts say + +Mass resignations of US staff are ‘paralyzing’ Chinese chip industry + +The Biden administration’s sweeping new export controls aimed at cutting off China from obtaining chips used in supercomputers has caused the “complete collapse” of the Communist country’s semiconductor industry, according to one expert. + +“This is what annihilation looks like: China’s semiconductor manufacturing industry was reduced to zero overnight,” Lidang, CEO of Hedgehog Lab, said in a Twitter thread. + +Rules announced by the US Department of Commerce last week restricting “US persons” from involvement in manufacturing chips in China had led to mass resignations of American executives from Chinese firms. + +Lidang said this had the effect of “paralyzing Chinese manufacturing overnight”, and that the industry was in “complete collapse” with “no chance of survival”. + +The rules which came into effect on 12 October would bring severe damage to “Chinese national security as a whole”, Lidang said. + +“This is nothing like the 10+ rounds of performative sanctioning during the Trump years — this is a serious act of industry-wide decapitation.” + +The US Commerce Department said in a statement announcing the new controls that they were in response to China using supercomputers and semiconductors to create weapons of mass destruction and commit human rights abuses. + +“The threat environment is always changing, and we are updating our policies today to make sure we’re addressing the challenges posed by (China) while we continue our outreach and coordination with allies and partners,” Under Secretary of Commerce for Industry and Security Alan Estevez said in a statement. + +Semiconductors are used in everything from cars to refrigerators, and are increasingly important in artificial intelligence and advanced military programmes. + +Among the new measures were requirements for companies to have licenses to export high-performance chips used in artificial intelligence and supercomputers, and restrict US companies from exporting machinery used in manufacturing chips to China. + +Any companies that violated the sanctions could face arrest by the US Department of Justice. + +The Chinese government hit back on Thursday, accusing Washington of “Cold War thinking” and appealed for efforts to repair strained relations. + +Experts said the new controls on represented a significant escalation in tensions between Beijing and Washington. + +“With the latest action, the chasm between the US and China has now expanded to the point of no return,” Abishur Prakash, co-founder of the Center for Innovating the Future, told CNBC. + +In August, Mr Biden signed the Chips and Science Act into law which pledged $52bn to revitalise semiconductor manufacturing in the US. + +The bipartisan legislation was seen as essential to national security interests to reduce the dependence of Taiwanese-made chips, which account for around 90 per cent of the market. + +Earlier this month, Micron announced plans to open a $100bn chip manufacturing plant in Syracuse, New York, bringing 50,000 jobs. + +Mr Biden called it “another win for America, and another massive new investment in America spurred by my economic plan”, the Associated Press reported. +There are many naysayers still out there who believe that crypto is just dark money for unsavory actors in the underbelly of society… those people are absolute braindead fucking morons. + +One attack though, that the mainstream media really hammers home, is that Blockchain is too big of burden on the environment, too big of a tax on our planet’s electrical grid, and other points of contention. + +They’re not completely wrong here, so lately I’ve been fascinated with how we can give back to the world that gave us this technology… and more importantly, the world that gave us these fucking gains. + +With the advent of reflect finance mechanics, which created a way for transaction taxes to be filtered straight back into investor wallets and liquidity pool comes a new invention which pours part of that tax straight into an institutional beneficiary wallet, all verified on the blockchain. These are called Charity Tokens. + +---------------- + +SpacePenguin $PNGN 0x469a8ea7683c27d31cd9b0de769151d8a8b66c5a + +SpacePenguin is a brand new token consisting of 4 core team members. They are currently aiding in the fight against climate change by donating a % of every single transaction to CoolEarth. With Earth Day coming up especially, it’ll be nice knowing that a portion of my gains holding this are going to offsetting the carbon footprint that my gains are currently causing. +I spoke with a couple of their developers and they let me know this is a serious project, and they’ll be announcing a couple of notable partnerships and news very shortly. + +Website: https://spacepenguin.space +Whitepaper: https://spacepenguin.space/wp-content/uploads/2021/04/SpacePenguin_Whitepaper.pdf + +-------------- + +Puppern $PUP 0x81dbc1c8e40c3095071949eda9800c2209a7279a +As you all know I despise dog tokens, but when I came across this website, and saw they had integrated tech stacks... I knew I could finally be happy buying one moonshot dog. Turns out it's VC backed (most likely) and he ex-SVP of Binance has his eye on it. This is the next paradigm. + +Website: https://www.pupper.info/ + +---------- + +Munch Token $MUNCH 0x944eee930933be5e23b690c8589021ec8619a301 +Munch Token is another new token that is fighting to feed the hungry all over the globe by donating a % of every transaction to GiveWell. They have an 8 person team that has already shown they can perform by raising over $500,000 in just the first week alone. If a coin like this can get to the Top 100, starvation could become a thing of the past. + +Website: https://munchtoken.com/ +White Paper: https://munchtoken.com/docs/munch-whitepaper-v1.pdf +Press: https://finance.yahoo.com/finance/news/token-donates-300-000-charity-171500998.html + +Anyway, I know these might seem like “shitcoins” to some of you, but I encourage everyone to keep an open mind. You can verify right on etherscan that this money is truly going to these causes. Let’s make these RFI forks useful at least? +BB of TML ❤ +I told my friend about how I control my spending and they found it interesting, so I would like to share it here and see what you think. + +I have about 30k dollars in my bank account, which I treat as reserves/emergency cash. Sometimes when I want to buy something expensive (up to 10k) I would "take a loan" from this reserve, and aim to "pay it back" as soon as possible. + +Now of course there is no practical reason to doing this, but it gives me mental pressure, making me feel like I am actually in debt, helping me cut back on spending until my "debt" is paid off. In the past few years I've done this it has worked wonderfully, preventing me from taking on actual debt. Understandably it sounds kinda stupid to others. What kind of frugality mental gymnastics have you applied in your own lives? +They skirt around the laws of asic of financial advice and make bucket loads of money normally linking you (and taking a cut) to their developers properties, their brokers and charging you a fee. + +I think if there is a big property downturn (which looks likely) and they start losing their clients big money I think eventually there will be a public outcry for a royal commission or banning them. + +Thoughts? +With so many new people in the crypto space, there are many mistakes that have been made that new investors need to know about. + +One of them is what to do with your hardware wallet when you first receive it. + +#Legitimate devices + +In 99%+ of cases (99% is a low estimate) you will receive a legitimate hardware wallet. However, there have been cases of fake Ledger/Trezor wallets, or even wallets already set up (more on this below). + +[How to ensure your Ledger is genuine](https://support.ledger.com/hc/en-us/articles/360002481534-Check-if-device-is-genuine). + +[How to ensure your Trezor is genuine](https://blog.trezor.io/psa-non-genuine-trezor-devices-979b64e359a7). + +These steps are particularly important if you buy from places like Amazon where there is very little individual stock quality control. + +#Your seed + +When setting up your hardware wallet for the first time, you will be generating a **BRAND NEW SEED**. If you did not do this step during the setup, it's possible that someone has set it up, hoping you don't notice. + +They then monitor your wallet for transactions and drain your wallet. + +Every wallet has a process of generating your seed, then displaying it for you to record. This applies to every type of wallet, so if this isn't something you did you should investigate ASAP as your funds may be at risk. + +#Factory reset + +After you have properly set up your new wallet and have noted down your seed, it's time to wipe your device. **Yes, this is necessary.** + +Before sending a single transaction to your new address, factory reset your device and recover it using your seed. This ensures you have noted down your seed correctly and you are **capable** of restoring your wallet if it gets damaged or stolen. + +I personally know people who had no trouble setting up their wallet, but needed a lot of help recovering it. Practicing this with a zero-balance wallet is an extremely valuable exercise. + +This is such an important step that too many people don't do. Always practice disaster recovery as hardware devices will always eventually fail. It may be 15 years from now, but hardware doesn't last the test of time. + +Also worth noting - your seed can be used to recover your wallet across another medium. For example, the seed from your Trezor can be put into a desktop wallet like Exodus and you will be able to access everything. +I've successfully budgeted moves to new places as a renter, but moving to a new house that I own has been an endeavor that has completely blown my budget in a truly epic way. As a cautionary tale for prospective homebuyers, here are my surprise expenses from the last month for my old (1920), but renovated and move in ready house. These are not ALL my expenses, but just the stuff I ended up spending money on that I did not plan for. + +(1) Small surprises: +Plumber to check on some minor leaks +Electrician to evaluate some weird outlets +Lawn management stuff: lawn mower, weed wacker, round up, rake, shovel +Junk removal +Structural engineer to evaluate a scary crack on detached garage +De-humidifier for basement + +(2) Stuff I didn't need and didn't budget for, but felt compelled to buy in my new-house excitement: +Plants for the garden and landscape +Outdoor furniture +Some lovely (but totally unnecessary) pieces from our favorite used furniture store + +(3) Here is the list of crazy expensive, emergency fund busting expenses currently on the table: +New roof (insurance underwriters have liked the roof a whole lot less than our home inspector did) +At least 2K in electrical work due to some, ahem, super fun surprises + +People getting ready to close on a house: Be smarter than me! Double your moving budget and be ready for the unexpected. + +edit: Line breaks + +Edit 2: many have suggested we should have gotten a home inspection--which we did. There are several repairs that came out of that home inspection that we either had the seller cover or budgeted for ourselves. We also have a home warranty. What I've posted about here are the things I failed to budget for--either because I'm an idiot (hello... lawn care!) or because the issues were surprises. + +Edit 3: hey! Someone gave me gold! Can I monetize that to offset the cost of a new roof?? (But, that's nice! Thanks!) +[https://www.sec.gov/news/press-release/2022-40](https://www.sec.gov/news/press-release/2022-40) + +# SEC Awards Approximately $14 Million to Whistleblower + +**FOR IMMEDIATE RELEASE** +**2022-40** + +*Washington D.C., March 11, 2022 —* + +The Securities and Exchange Commission today announced an award of about $14 million to a whistleblower who published an online report exposing an ongoing fraud. The whistleblower, who days later shared the same information with the SEC and was persistent in reaching out to the staff, prompted the opening of an investigation which resulted in a successful enforcement action and the return of millions of dollars to harmed investors.  + +"Whistleblowers can play a critical role in an investigation," said Creola Kelly, Chief of the SEC’s Office of the Whistleblower. "Here, the whistleblower posted a research report online outlining the allegations against the company and its officer and also, importantly, took expeditious steps to provide this information to the Commission. This case demonstrates the importance of whistleblowers reporting directly to the SEC so that the agency can promptly investigate allegations of wrongdoing." + +The SEC has awarded approximately $1.2 billion to 249 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.  No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million. + +As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity. + +For more information about the whistleblower program and how to report a tip, visit [www.sec.gov/whistleblower](http://www.sec.gov/whistleblower). +Hello. My mother is in a tough spot. She's currently 61 living in Pennsylvania. She had a long time boyfriend who paid for everything. They never got married and he never put much money away for her. His family basically screwed her out of anything and refused to help her when he died despite them being together for 25 years. My mom worked most of her life under the table. She can quality for social security at 62, but she'll get a measly $200 a month. She also hasn't worked in 10 years, has 0 skills relative to the modern workforce, can barely work a flip phone yet alone a computer or a smart phone. I did get her a job as a bagger at a grocery store, but that doesn't pay the bills. She's barely mobile, but she hasn't been able to get on disability because she's just mobile enough I guess. + +I'm her only family member alive, and I don't live with her and I'm dealing with my own financial crisis trying to live on my own in a different state. I refuse to live with her, whether it is me moving back or her moving to where I am. I wouldn't be able to afford taking care of 2 people regardless, so it would just be delaying the inevitable. I'm basically a loser myself. + +I need some advice on how to help her be either financially independent, or a reasonable way to get her financial aide. She tried to go through social workers in her city, but because she was never married and she's not old enough, there isn't much she qualifies for. She also has just enough money in the bank where welfare won't qualify her for anything. + +The only possible saving grace here is she has a house, though there's still a mortgage on it. She could sell it, maybe bank $50-80k. She'd need something really cheap to live off of that for awhile as she'll never make enough money to break even financially, or come close. +Bitcoin is the most secure network in existence. The way the network is built is pure genius and the bigger it gets, the more secure it becomes. + +In 2011, Dan Kaminsky, a leading Internet-security researcher, investigated the currency and was sure he would find major weaknesses. + +Kaminsky is famous among hackers for discovering, in 2008, a fundamental flaw in the Internet which would have allowed a skilled coder to take over any Web site or even to shut down the Internet. Kaminsky alerted the Department of Homeland Security and executives at Microsoft and Cisco to the problem and worked with them to patch it. He is one of the most adept practitioners of “penetration testing,” the art of compromising the security of computer systems at the behest of owners who want to know their vulnerabilities. + +Guess what he said when he tried to break Bitcoin? + +*“When I first looked at the code, I was sure I was going to be able to break it. The way the whole thing was formatted was insane. Only the most paranoid, painstaking coder in the world could avoid making mistakes.”* + +He thought he had identified nine ways to compromise the system and scoured Nakamoto’s code for an insertion point for his first attack. + +But when he found the right spot, there was a message waiting for him. “Attack Removed,” it said. The same thing happened over and over, infuriating Kaminsky. + +*“I came up with beautiful bugs. But every time I went after the code there was a line that addressed the problem.”* + +He was like a burglar who was certain that he could break into a bank by digging a tunnel, drilling through a wall, or climbing down a vent, and on each attempt he discovered a freshly poured cement barrier with a sign telling him to go home. + +*“I’ve never seen anything like it,”* Kaminsky said, still in awe. + +*“Either there’s a team of people who worked on this or this guy is a genius.”* + +**TLDR: Buy Bitcoin** + +[Source](https://www.newyorker.com/magazine/2011/10/10/the-crypto-currency/) +On this sub, I've often seen it thrown around that the yield curve is inverted since the yield spread between 3- and 5-year treasuries fell below zero last December. And everyone here seems to be aware that the inversion of the yield curve tends to be followed by a recession within 1-2 years. + +But putting it like this is very misleading. What has inverted in December was only a part of the yield curve, and it is not true that the inversion of any part of the yield curve has in the past reliably predicted an imminent recession. + +Looking at the [3-5-year spread](http://thesoundingline.com/wp-content/uploads/2018/12/Yield-Curve-Inversions-2.png) in particular, you can see that it hasn't been a reliable predictor of recession over the years. Even when it does predict a recession, it may be way too early, for example it dipped below zero during the last cycle for the first time in August 2005, 28 months before the recession began. + +Instead, it's the [2-10-year spread](http://fingfx.thomsonreuters.com/gfx/mkt/4/168/168/U.S.%20Yield%20Curve%20Inversion.png) that is frequently cited as a reliable predictor of recession. That one is still at +0.16. + +I'm not claiming that we will not enter a recession in two years, I just thought some people may get the wrong impression that (based on the yield curve's track record) a countdown has started in December, which will end in a recession within 2 years. Even assuming that the yield curve remains a reliable predictor, this would only be the case when the 2-10-year spread dips below zero. + +&#x200B; +I keep seeing all these posts about 24HR and cancelling your membership. As of today you can now cancel from the main page with just your membership I’d/ gym passcode and your birthdate! Hope this helps you guys out that are having the issue. +I feel like there were recently some interesting posts about privilege, family, financial education/values and the impact these can have on people's likelihood to or desire to FIRE. I was just thinking about my own family and thought it'd be an interesting case study to help us better understand other's perspectives. + +&#x200B; + +Background: One parent is from well off-ish family (by the time I was born the wealth was more of a memory than a reality for the vast majority of this side). One parent is from a war torn third world country and moved to the US as a teen with very little support. We (siblings and I) grew up in a middle class to upper middle class town with good public schools, low crime, and mostly professional families. Our parents emphasized educational achievement (probably too much), provided an above average financial education, and demanded obedience. Offered to pay what they could for college. + +&#x200B; + +Parent 1 ended up a semi-disabled drug addict who lost control of their severe mental health issues and became abusive towards everyone in the family. Parent 2 ignored/tolerated/enabled this behavior from the time I was in elementary school until parent 1 died of an accidental overdose when we were all adults. Just hoping to point out that it we had some advantages and some disadvantages, like most people. + +&#x200B; + +Sibling 1: + +Likely inherited some of the family mental illness and also bore the brunt of parental abuse. Kicked out of the house as a minor, but parents still supported financially as they lived with relatives and finished high school. Graduated at the height of the financial crisis of 08 and their college fund, which was still invested, took a major hit. They enrolled in an out of state public school, did very poorly three semesters in a row, and transferred to a less expensive school once the college money ran out. Continued to struggle in school until dropping out after 6 years and working odd jobs with a lot of student loan debt ($40k). Grew up a bit, learned some independence, and returned to school to finish up a degree after a few years. Currently working in a semi-related field making decent money ($45k), working on getting the loans down ($20k today), and saving up for a house in a LCOL area. Current NW \~-15k. Lessons to be learned: college isn't right for every person right out of high school, addressing mental health and previous trauma is really important to moving forward, and you can totally make mistakes early in life and turn it around. + +&#x200B; + +Sibling 2: + +After sibling 1 was kicked out, parental abuse turned towards sibling 2 who dealt with it by working enough to support themselves and then heading off to college on a full ride, disconnecting from family (probably a good decision). Started roth IRA in high school and has always been a saver. Decided to go to expensive professional school funded by a now more robust college fund (having grown for several more years in a bull market), scholarships, and working. Graduated with significant debt but also married a high earner and all debt was paid off within 2 years. Currently in training making about $60k with pay expected to increase significantly after training is complete. Current NW \~$150k. Lessons to be learned: sometimes success is found by removing the things that hinder you. The right spouse can really help FIRE move along! + +&#x200B; + +Sibling 3: + +Largely ignored by parents. Went to in state college on a 50% scholarship, some covered by parents, some loans taken out ($20k total). Turned out to be very good at math, completed a bachelors and paid off masters before moving into corporate job making \~$85k. Paid off student loans quickly and was saving good money but also fell into life style inflation and some vices that had a negative effect on work. Also had some mental health issues to work out and was generally pretty unhappy in life. Recently decided to quit corporate and go back to school for a PhD with the hope of staying in academia. Current NW \~$80k (expected to go down through grad school as stipend is very low!). Lessons to learn: While NW is relatively low, it was enough for a single young person to essentially say "FU" to work and pursue something new. Money doesn't give you happiness but it does give you choices and hopefully you can choose to pursue the life you want. + +Have any of you similarly seen really divergent financial lives from people with similar backgrounds? How has your family/community shaped your FIRE journey? What have you seen to be people's biggest obstacles in reaching their ideal life (whether that involves FIRE or not)? + +EDIT: I am sibling 2, but you all seem to love sibling 3 a lot haha! +Don't sell off any of your stocks and like everyone is saying if you can afford to, buy the dips! The next green day (for you new guys like me supposedly that means on days we actually get to see profits or so the stories claim) you'll be glad you loaded up on more stocks. If you're scared and sell you'll be sorry you did and you'll but high again and the next red day you see you'll sell low again at will stay in a cycle losing money. + +Remember! + +"The stock market is a device for transferring money from the impatient to the patient"? -Buffet + +"Time in the market beats timing the market" + +"Scared money doesn't make money" + +"Buy low sell high" + +"You haven't lost anything if you don't sell" + +"HODL" + +Find a new hobby and stop looking at your portfolio's unless you need to sell to buy something else or because your need money. If you're not gonna buy or sell why even look at it? Go for a run, walk, build a model car, binge watch a new show, get a side hustle so you have more money to buy more stocks. + +Wish you all the best. +With everyone's attention on the big lithium boys like PLS, LTR, AKE, and random half built sheds in the South American desert, there is one huge lithium miner hiding in the shadows (well it's hiding behind a shitty iron ore company anyway).. + +While I've got nothing to compare to the lithium King u/JSwyft and many of his faithful acolytes, thought I'd just pop up some ramblings on this potential lithium leader + +While MIN (Mineral Resources) over the last few years had had their lithium mines on care and maintenance due to shit lithium price, the 500% increase of sweet spod has seen everyone scrambling to restart, and through their various JVs, MIN has seen its first big revenue coming through this FY + +As a baseline comparison, we can use PLS as the pure play lithium leader. They're pumping out about **500kt of spod a year** now, but hoping to go to **680kt** next year, then **1000kt** when possible after that. On the hydroxide front, they've got a plant JV, which will see them with about **13kt hydroxide** production, but that's a few years off. + +Now lets look at MIN, and get all the non-lithium stuff out the way first: + +**Mining services** \- 500 mil AUD EBIDTA, probs about **350 mil profit** + +**IO** \- They cost a lot, and dont get much, but still make money - **20 mtpa** nets about 2.2 Bil revenue, but only about **300 mil profit** when it costs 90 bucks to mine and they sell for 110 + +This changes end of next year when Ashburton comes on line, **30 mtpa** at 30 bucks Opex a tonne, this may bring in **1.5 billion PROFIT** with prices staying where they are now, and allows big bucks to be made whatever the IO price + +Now, **LITHIUM:** + +By the beginning of next year, MIN's share of spod from both Wodgina and Mt Marion, two of the biggest lithium hard rocks in WA, which it has JVs with, will be looking at **675 ktpa spod 6%**, already as much as PLS after it's next upgrade. Extra trains are available to up this number as well. This, if you use their cash cost of about 500AUD/t, and current prices (must come down at some point), will bring in about **2 Billion AUD PROFIT** across both mines.. + +But the real kicker is hydroxide production, as you can't ram spod in a tesla to make it go. + +Kemerton comes online soon, with the first train giving **10ktpa hydroxide** production to MIN, which translates to about 1 Bil aud at current prices, no idea on costs here, but lets say they profit another **500 mil** (probs less). + +Finally, within 4 years, the plan is to convert all spod to hydroxide, with an installed capacity of **115ktpa hydroxide.** At current prices (again unsustainable), this is roughly 11 BILLION AUD Revenue... And as they'll feed their own spod in, profit margins will be high! + +All the above numbers account for their percentage ownership of relevant JVs. + +No-one is getting near MIN regarding these numbers, especially so near term. + +To sum it up, MIN, with a current MC of 10 Billion, are looking at: + +Next year - Roughly **3 Billion NPAT** from their **675ktpa spod, 10 ktpa hydroxide, mining services, and 20 mtpa IO** + +Within 4 years - Roughly **8 or more billion NPAT**, from **115ktpa hydroxide, 50 mtpa IO, and mining services** + +That could see a 10 bil company become a 50 bil company... + +This all ignores any further exploration, increasing mining services income, and the huge gas fields north of Perth that may get developed.. It also ignores **IO and lithium price decline**, which is an enormous, Atacama desert sized grain of salt! Plus am just some pleb on the internet, so these are inane ramblings at the end of the day, DYORHODORRAMALAMADINGDONG + +&#x200B; + +TLDR: + +MIN is a lithium beast, pretend its IO doesn't exist and it rivals all the lithium big boys. She gonna be making mad moneys at these and any lithium prices above $2K/t spod 6% + +&#x200B; + +Disclaimer: + +This is very high level, rough shod calcs, to give a best case scenario to MIN's potential, this is NFA, duh + +All calcs have been done with a company tax rate of 30% on EBIDTA (an no IDA, just T) + +Spod 6% prices of $5000 AUD/t have been used (lower than current spot), and cash costs of $500/t (from MIN pressos) + +Hydroxide prices of $100K AUD/t (current price, sure to come down) + +IO price of $110/t, with cost of $90/t for current 20 mtpa, and $40/t for Ashburton 30mtpa expansion + +JVs are 50/50 Gangfeng for Mt Marion, 40/60 going to 50/50 with Albermarle for Wodgina and Kemerton +With Donald Pump now in Walter Reed Memorial Hospital, 🌈 🐻‘s can come out to play. + +If you are going to make 🐻 plays though, please make sure you at least understand the instruments you’re using. + +General advice for new 🐻s from a 🐂 +* unless you are a true 🐻 and believe this is the beginning of the recession, these aren’t buy and hold inverse products. +* management fees don’t really matter as you’re only going to hold these for a day or two +* these are forward looking inverse ETFs that price themselves off US futures. So no you can’t be the next big thing by watching US markers overnight and then think you’ll be ahead of BBUS/SNAS pricing. US markets overnight will affect the opening price here on ASX, and price throughout the day here is based off US futures. +* In Australia we have a bit of a disadvantage as the US pumps it’s market out of hours every night, which is when our markets are open. So when you can be trading BBUS/SNAS it’s when US market being nightly pumped https://www.businessinsider.com.au/stocks-fall-during-regular-trading-hours-rise-overnight-2016-3 + +BBUS: +* Provided by Betashares +* MER 1.38% - who cares, don’t hold it this long unless you are 🌈 🐻 +* Inverse of whole S&P500 +* Dividends: annual... but really who is buying S&amp;amp;amp;amp;P500 for its dividends, let alone an inverse S&amp;amp;amp;amp;P500 etf for its dividends. Even Melvin isn’t that retarded. +* Daily rebalancing +* Leveraged within a -2x to -2.75x range on any given day. The Fund’s returns will not necessarily be in the range -2x to -2.75x over periods longer than a day, due to the effects of rebalancing and compounding of investment returns over time. Investors should monitor their investment to ensure it continues to meet their investment objectives. +* The Fund uses futures to obtain its exposure rather than the underlying shares. As the futures market closes at a later time to the share market, at times the Fund’s performance for a given day may differ from that indicated by the share market. As the U.S. futures market is open during ASX trading hours, the Fund’s performance during the day will reflect movements in the futures market. + +SNAS +* provided by ETF Securities +* MER 1% +* Inverse of NASDAQ 100 +* Dividends: annual... but really who is buying this as part of their income portfolio?! +* Leverage target range of between 200%-275%. The performance will depend primarily upon the general direction of the Index (up or down) and the amount of exposure to the Index (leverage) within the target range at any point in time, and will also depend on the path the Fund portfolio takes to achieve its returns. +* SNAS achieves its exposure to the Nasdaq-100 Index using primarily derivatives. It invests primarily in a portfolio of short E-mini Nasdaq-100 Futures contracts listed on the Chicago Mercantile Exchange. Derivatives such as futures provide gearing or leverage because they offer market exposure in excess of the amount that is required to be invested upfront when entering into the contracts. When opening a short futures position, the upfront cost is zero, although there are transaction costs to be paid and an initial margin amount to be posted by SNAS. This margin amount is adjusted up or down daily depending on whether the contracts have generated a gain or loss. +* As the Nasdaq-100 moves up and down the amount of gearing in the fund changes and the fund manager needs to rebalance the exposure to ensure it remains within the target range. Currency hedging is achieved by entering into foreign exchange forward contracts whereby the fund contracts to sell U.S. dollars and buy Australian dollars at an agreed rate on a fixed future date. +* Is a bet against Tim Apple, Satya Nutella and Papa Elon. Are you really going to do that? NDQ 🐂 gang rise up! + +So if you do think Donald Dump will continue to cause widespread market collapse next week, then BBUS is the safer play as it covers whole S&P500, including financials which have more to lose under future President Biden. + +However if you’re a real 🌈 🐻 and think tech and the Nasdaq are overvalued and that Donald Dump has just triggered the DotCom 2.0 collapse we’re overdue for... then buy SNAS and let Papa Elon donate his wealth to you so you can eventually afford to move out of your step dad’s granny flat. + +TLDR: just join the 🐂 gang and load up on GGUS and GEAR while they’re cheap! +Looking for some mining companies any commodity that may explode in the next few months, usually the ones i look at go up and the ones i buy go down, noice. +Looking for small SOI, high top 20 shareholder holdings, preferably greenfields and small market cap under 50mil (preferably under 20m) +What we looking at bois? +Top comment will be a yolo in. +Ever since GME happened I have learned _so much_ about the world of finance from all of the incredibly well-researched, intelligent, and informed DD posted by apes on reddit. Of course at this point everybody knows about DRSing your shares because it's the only way to actually own your shares and that everybody else in the entire financial market who _doesn't_ DRS their shares is an idiot. We know that. + +But I'm not sure all of you understand just how deep this all goes. + +It's one thing for **them** to pull this funny money crap with _stocks_, which are barely even a real thing anyway. But did you know that **they** are even pulling tricks with your hard-earned _cash_??? + +That's right, you might think that cold hard cash is a simple thing to keep track of. And of course the typical normie thinks that when you deposit your cash in a bank account the bank holds the cash in your name. BUT I HAVE UNCOVERED THAT THIS IS NOT THE CASE!! The very same bank that _you_ are currently trusting with your cash is currently doing things like: + +* Mixing it with all their other cash and showing it on their balance sheets +* Lending that cash out - to just anybody! - even the hedgies who are currently shorting your shares +* Earning interest which doesn't all come back to you + +**Do you know where your cash is right now?** You may think you do, but you don't. It could be anywhere, it could even be going to Citadel or something. That's right. What an atrocity. + +I know this is a lot for me to dump on you here, but don't worry - I have a solution. That's right. I am starting the first-ever service where ANY fellow ape can **Direct Register Your Cash**. + +ALL you have to do is send me a DM with your full name, social security number and bank account number to initiate the process. Then, call up your bank and demand to send _all_ of your cash via a wire transfer to my new company. The rep on the phone may ask you questions like "do you know who you're sending your money to" and "are you aware that this transfer is not reversible?" Don't worry - it's just a script that they have to read because the damn hedgies are desperate to keep their scam going. + +Once you've sent me your cash, I promise to _personally_ register every bill and coin in _your_ name by stamping each one with all the personal info you send me, thereby ensuring that you are directly in control of your cash. For a small fee, I will send you a picture of your stamped cash, and for an additional small fee, you can continue to acquire more cash and send it to your account with me. + +I know that things out there are stacked against us, but if all of us can band together and direct register our cash, we can suck the energy out of the system that these damn hedgies are using to keep us down. Tell your friends, tell your family, and _definitely_ tell all the apes you know: direct register your cash today!!! +Hello everyone. If I want to become a theorist in Microeconomy, mostly in Game Theory field, what part of Mathematics should I learn in detail? Like, for example, I should study more of Linear Algebra or Real Analysis or Discrete Mathematics etc. What would you suggest me? +Basically just what the title says. I've been told that "neoclassicals" or mainstream economics has not sufficiently replied to the debate, and that it is not taught in most economics courses. Is this because the "mainstream" side of the debate truly doesn't have a response to Sraffa and Robinson or is the debate resolved? + +What even is the debate (I know it's quite technical)? + +Thanks +There’s an outbreak in coronavirus.. why do people sell their stocks? What is causing the drop in prices? Is it because production lines are hurt so people are just trying to sell all their stocks? +Specifically I'm thinking of how a monopoly can be more efficient than a competitive market in an industry with heavy externalities. Also, what was the name of the economist who came up with this phenomenon? +I want to understand the battle between monetarism and keynesianism, what FMI does, why Milton Friedman was important to that, what is liquid demand, inflation and all those terms the austrians and modern economic marxists talk... I'd guess all of this is macroeconomics, but i'm not sure. + +What is the ideal book to begin learning these things? +When thinking of gov policy, does an economist first thing on ways to change the price signal before thinking of policies such as regulations or public provisions? +The Daily Beast today mentioned, "Fed borrow-and-pump injections that have an addicted Wall Street chasing the liquidity dragon." What happens if the Fed keeps rates super low? It doesn't seem like we have any issues with inflation now. IF we are in a bubble, how could it burst as long as money costs almost nothing to borrow? +For a long time, I've identified as a left-leaning moderate. But I've exclusively tackled social issues and strayed away from forming opinions on economic issues. Frankly, I've just found it hard to establish any positions because I feel out of my depth. Now, I don't believe you have to be a genius to understand economics or form intelligent opinions concerning it, but I have reservations about establishing any sort of confident/solid opinions for the following reasons: + +-I feel like I'd struggle to combat my bias towards left-leaning positions. And I'd fall prey to other heuristics (i.e. confirmation bias). + +-I'm afraid of misinterpreting economic data. + +-Often, economists offer conflicting arguments and data. If the experts disagree on x economic issue, then how can I, a layman, form a confident opinion? + +-I'm not sure how to effectively criticize/support economic arguments because they're supported by studies I don't understand how to critique. And while I understand that economists provide critiques of studies all the time, I find that I can't confirm if those criticisms are valid or not (once again, because I lack sufficient knowledge). + +So many people are often wrong about basic economic facts and completely out of their depth. Oftentimes, people make incorrect assumptions and misinterpret data. + +Recently, I've been employing a lot more critical thinking when it comes to evaluating economic opinions, but it always leaves me with far more questions than answers. And because of that, I never form solid opinions. + +What advice can you guys offer? Am I overthinking this to an extent? Are my concerns legitimate? And do most layman have dogshit, ill-informed opinions on economic issues? + +Thank you. + +P.S. I don't believe experts aren't subject to the same biases and heuristics I am. They're capable of making the mistakes I listed, but for obvious reasons, they're arguments hold more weight to me than your average joe's opinion. +The main opposition to free college is most of those who go can afford the loans anyways so it would be a money waste and also it would increase inequality as there would be cap on who can go and the ones who went to better schools would be over represented. Why then cant we subside school for low income students- working lass and lower middle class kids and also try to stop over expenditures in universities. If any of you have read 'bullshit jobs' then you should know a lot of the jobs created are meaningless and I think college excels at this. Nearly 2/3 of college expenditures go towards salaries and I think if we cut a lot of those jobs out he cost would decrease but then would that have a knock on effect on the economy? +Channel surfing tonight I found this segment. +What are people’s thoughts if you saw this? + +Alarmist journalism and scare tactics are about par for 60 Minutes. +Telling people to “get out now” and sell to avoid looming foreclosures. + +One sample home owner even said the bank had “suddenly switched the mortgage to interest and principal”. Raising his repayments by 57%. + +As a long time lurker, I have an idea of the reaction of this sub, but I’m keen to read regardless. + + +Here is something I've been trying to get my head around: + +Company A wants to finance something. It sets a price, and sells shares. These shares do not pay dividends. They have voting rights, but the company still has the majority of the shares. Investors buy these shares with the knowledge that Company A is developing a product that is going to be a hit. Investors know that Company A is going to grow and perform really well in the future. + +Company A releases this product, it's revenues increase, there are great plans for future growth. Investors see this, demand for the stocks rises, and their price rises. People sell stocks because they bought them at a cheap price, and other people buy the stocks with the hope that the stocks will increase in value even more, and that they will be able to sell high. + +**These are the parts of the above scenario that stump me:** + +* Why is there a demand for these stocks at all? It seems to me that the demand is purely tautological--people are buying them only because they know that other people will want to buy them at a higher price, and so on, the cycle continues. Why does this circular path exist in the first place? The stocks don't really have any intrinsic value. Owning a part of the company seems useless if not for this tautological factor. You do not get a share of their profits, your voting rights are essentially useless. + +* Why is there a correlation (or, rather, a cause-and-effect relationship) between growth and good performance, and rising stock prices (increased demand for the stock)? Again, these stocks have no intrinsic value, and I don't see why there is a difference between owning a part of a car wash and owning a part of a Fortune 500 company if you do not get any benefits. If this relationship *is* purely tautological, that means that it was arbitrarily agreed upon informally over time, and the trend stuck. Why did the market agree to *this* relationship, then, and not it's inverse or some other trend? + +I know that I phrased the questions really badly, and I know that they probably have really obvious answers that I'm missing. Thanks in advance for your answers. +My wife and I purchased a house in 2013 in a very nice town about 20 mins south of Boston. +I was making 95k/yr and my wife 15.8k/yr part time. Our home was $320k and we saved up a down payment of $70k. + +Our fixed rate is 4.025% and our current mortgage is 1700/month. Our other bills totaling 900/month not including food. We have two little girls. + +Well, I lost my job and so did my wife, around the same time about 1 year ago. It. Was. Hard. To say the least. Somehow, thru savings and investments, we managed to keep our house despite missing a few payments and are still currently close to 20-25 days behind each month on our mortgage. We've also cut our monthly expenses down to 625/month. + +I'm currently working 2 jobs, 70 hours a week making 47k/year and my wife is making 12k/yr. We are extremely poor and have no real money left each month and its very hard to rebuild our emergency fund. My full time job is promising, guaranteed raises for 5 years until I'll be making 108k/yr but that's a long ways away. + +Our house has gained some value, prob around 350-360k now and we currently owe 253k. So, that's a good thing, but our credit has tanked from missed cc and car payments to below 600. Impossible to get another home loan. We think about selling but don't want to give up on our dream and have a great spot for our kids. We're surviving. + +In short, this was to get everything off my chest after seeing that previous post. So be careful, you never know what's gonna happen. Also, would love some advice or words of wisdom. And feel free to berate me for making a bad decision, I understand. + +tl;dr bought a house in 2013 and are now very poor trying to keep and maintain it, feels +I have seen a lot of great posts recently about people being able to negotiate big salary increases (I posted my story last year as well), and I thought it would be interesting to give some perspective as to what is happening from a Manager's point of view. + +I think there are three big points that sometimes people miss when they haven't been managers themselves: + +- Part of your manager's job is to keep you employed at the minimum salary that it will take to keep you employed. + +This is just reality. Companies overall are driven by profit, and for a lot of companies it's their operating costs that can really drive that profit. Not being able to keep salaries in check can become a huge problem in industries that are constrained in their revenue making ability. As a manager, you are expected to represent the interests of the company, and for better or worse, the interest of most companies is to generate profit for either their owners or shareholders/investors, not to share all profit with the workforce. + +This is important to keep in mind because it can help you clear up the dynamic between where you, your boss and the company stand. While your boss may like you, appreciate you as an employee, and want to keep you around, he/she will know that there is a limit as to what they can do to keep you, because there is an expectation that they are putting the company's interests above theirs. + +This is why a lot of people (myself included) will suggest that you always do salary negotiations with another offer ~~in hand~~ in your back pocket: the only way to be able to put legitimate pressure on an employer is by being willing to take a better offer, and that starts with having one. + +(EDIT: To clarify, what I really meant was "with another offer in your back pocket", rather than "with another offer in hand"). + +(EDIT 2: To further clarify: when I say "offer in your back pocket", I mean that you and only you knows that you have that offer. The goal is to be able to walk into a negotiation with a clear idea in your head of what it will take to keep you (say, 10% raise), and to be willing and able to walk away if you don't get that. The only way to be able to walk away on the spot, and as a result to negotiate with the appropriate level of conviction, is to have an existing offer to literally walk away). + +EDIT 3: Some of you have pointed out that you clearly ***shouldn't*** just pay employees the minimum it will take to stay. You should pay them the optimal amount to maximize their productivity. I completely agree... however, if you are reading this post seeking advice on how to navigate the negotiation of compensation, odds are that your manager/organization do not subscribe to this philosophy, and sadly, this is true for most people. Most large organizations have a structure in which it is expected that Managers will be able to retain their talent subject to a fixed budget. + +And part of that philosophy is valid, i.e., you should be doing more than just giving more money to your employees, and some of your ability to retain them should hinge on that. Put a different way: if, as a manager, the only way you can retain people is by paying them more money, you are probably a really bad person to work for. For most people with good managers, one of the big negatives of taking another job is knowing that there is a chance that your next manager won't be any good. + +- Managers have to invest a good amount of time, goodwill and political capital to get an employee a raise + +Unless you are the CEO, arguing for an employee to get a raise or promotion (especially off-schedule ones) takes valuable resources for a manager. It's not like you can go into your boss' office and just get one done on the spot. Most companies are going to require multiple layers of red tape to get there, and in general, will require you spending some of your probably limited "goodwill" budget on it. Thinking of it a different way, for every raise that you are able to secure for one of your direct reports, there's another one that you won't be able to get. + +Because of that, managers will tend to a) stick to doing promotions and raises during performance evaluation periods when possible, b) only push above and beyond what HR/upper management wants to do if they feel they need to in order to keep some of their top performers around. + +That means that if you are someone who wants a 3% raise off-schedule, it's not going to happen. Not because you aren't worth the 3%, and not because 3% is a lot of money to the company, but because the level of effort required to get you that 3% raise is not proportional to the probability that you will leave if you do not get a 3% raise. + +If you want to increase your chances of getting those bigger raises, the best thing you can do (other than kicking ass at your job), is to figure out a way to plant the idea in your boss' head that you **do** expect a significant raise/promotion when the time comes. How you do it depends on you, your industry, your boss, etc., but there is normally a way to bring up the fact that you are doing a great job, and you want to understand what is the plan for compensating that. + +Since they require great performance, end of big projects, intermediate performance reviews, and any conversation where you doing your job well is the topic of conversation are great places to bring this up. + +It may sound like "I'm glad to hear that you appreciate my work. I wanted you to know that I put a lot of time and dedication into my work to ensure that I give you the best possible results. With that in mind, I wanted to know what I need to do to make sure that I am in position to get promoted" + +You want to bring this up as something that you put on yourself ("what can I do?"), but really use it as an opening for your boss to either tell you "I think you're doing a great job and this is when I think we can talk promotion" or "I don't think you're ready yet and this is why". + +The answer really doesn't matter as much as the seed that you have planted. The seed that you have planted tells your boss "hey, this person is concerned about their compensation". The reason it is important is because it gives your manager time to plan out their strategy for doing whatever it is they need to do to give you a raise IF they think you deserve on AND if they think you are a risk to leave if you don't get one. And that gives you the best possible odds. + +EDIT 4: To those asking "I am underpaid, have been for a while; how do I get a raise?" +Sadly, there is a very decent chance that your only way to get a raise is to leave. Organizations that underpay, tend to do so knowingly. If you challenge that, you will most likely get a spiel about how lucky you should consider yourself to work here, or get a carrot dangled in your face. + +As I mentioned earlier, your best bet is to go get another offer for two reasons: Firstly, you need an exit plan. Secondly, you need to know what your market value is. Once you have that, it's a lot easier to make that decision. + +I think that a lot of people stick to a job because they take on the mentality of "how do I get my current employer to pay me what I'm worth?", which sometimes is a losing proposition. What you should be asking instead is "how do I maximize my long term income?", and that will be a combination of taking the right short term moves and positioning yourself for bigger long term moves. + +- Often times, a manager knows they are underpaying someone they want to keep, but have no recourse to keep them. + +When you become a manager, you will one day run into an employee who you know you cannot keep. Period. They are just too good, rising too fast and have too marketable of a skillset for your company to be able to handle them correctly. In part because most companies are just not willing to promote people faster than a certain cadence (normally 1.5-2 years), but more importantly because people that rise too fast will always be seen through the lens of "is that sustainable? Can I believe that small of a sample set?" + +If you have an employee that is able to make strides in his first 3 months at the job and is taking care of things that even people who have been there for 3 years can't do, would you promote him after 3 months? + +Probably not. You'd probably wait and see if he can keep it up for at least a year. Let's say this person is a true rockstar; at the end of that year, this person has now exceeded expectations again, and though they were ready for a promotion to Senior X in month 3, maybe they are now halfway to being qualified for being Manager. Even if you are well ahead of the curve and promote them after a year, you have now found yourself behind the growth curve of that employee. And at that point, it's impossible to recover, because that employee will likely continue to grow faster than you promote him. + +So what happens? Sooner or later, another company comes along which has a) an opening, b) the budget, c) enough desperation that they are willing to hire someone slightly above their fighting weight just because they see potential. And then you find yourself as a manager trying to counteroffer a 35% raise and a two-level promotion. And you know at that point that a) you can't do anything about it now, b) you probably never stood a chance, c) even if you do fight this one off, you will have to fight it again soon enough. + +**If you are one of those employees, the ones that rise faster than they are promoted, I have three pieces of advice for you:** + +1. ***Don't take it personally*** You are not getting promoted because you're breaking some of the unspoken rules of HR and you just don't fit their mold. Odds are your manager wants to keep you, but they know they can't, and that will probably come across as not trying. Rest assured that if you are that good, they know, you know, the company knows, but they also know that they have a very limited number of options that won't create political nuclear war from developing inside the organization. + +2. ***Move often.*** If you are truly one of these people, you will suffer if you stay at a job more than a couple of years. The only key is that you can't just chase money - you have to chase better titles, situations and companies. No one will judge you for leaving a company after two years if your move was warranted by a big promotion, or moving to a bigger player in the industry, or just landing in a better group with a better reputation. People will judge your resume if they see you take parallel jobs every other year, because they will know that you are just chasing money. + +3. ***Avoid under all circumstances to burn bridges.*** The same person that thought you were so good they couldn't keep you around may be the first person to come calling when they think they have an opportunity that does match your resume, especially when red tape is not as much of an issue because you are being hired from the outside. Leave on good terms, be polite, try to help on your way out. Every good impression you make while leaving could become the difference maker in your ability to reconnect with an important "in" for a future job opportunity. +I will update this post everyday since I'm here 24/7 anyways (so save it!), with weekly posts (keep an eye out!). Any suggestions / additions / corrections ? Please let me know, apes & ants & other international species 🤝 + +Updated: 2021-05-16 @ 10:37 pm EST + +# ✅ Have you voted? ✅ + +* For Europoors, [Carl Hagberg's advice](https://www.reddit.com/r/Superstonk/comments/nc8d2u/europoor_here_is_carl_hagbergs_advice_on_how_to/) on how to exercise your voting rights +* May 14: [German Broker Comdirect finally allows to vote](https://www.reddit.com/r/Superstonk/comments/ncg06m/german_broker_comdirect_finally_allows_to_vote/). To international apes: [GameStop Investor Relations response](https://www.reddit.com/r/Superstonk/comments/ncc4bf/attention_international_apes_gamestop_investor/) to proxy voting + +# 🌌 MOASS 🌌 + +* This post was too epic, it needed its own section. [MOASS Checklist for Apes - Things To Think About Before, During and Afterwards - R2.](https://www.reddit.com/r/Superstonk/comments/nbdvii/moass_checklist_for_apes_things_to_think_about/) + +# 🌟 Week of May 17 🌟 + +* Compilation of All DD, TA, Rules & Regulations, News, and more! [WEEK OF MAY 17th](https://www.reddit.com/r/Superstonk/comments/nep4cf/compilation_of_all_dd_ta_rules_regulations_news/) 🔥🚀 + +# 🌟 May 16 🌟 + +**DD:** + +* ADV filings shows as of 2/5/2021, Citadel has a [possible negative short position of $150B](https://www.reddit.com/r/Superstonk/comments/ndz9l8/citadel_advshitadels_negative_boner/) +* GME MOASS: [How To Not Fuck Up - An Exit Strategy (Repost)](https://www.reddit.com/r/Superstonk/comments/ndpp2f/best_exit_strategy_ive_encountered_so_far/) +* An Uncovering of [More FTD Cycles Than You Can Imagine](https://www.reddit.com/r/Superstonk/comments/ndzxdh/origin_stories_an_uncovering_of_more_ftd_cycles/) + +**TA:** + +* [Gherkinit's forward looking TA for 5/17/21-5/21/21](https://www.reddit.com/r/Superstonk/comments/ndvntr/jerkin_it_with_gherkinit_the_forward_looking_ta/) + +**RULES & REGULATIONS:** + +* [SR-BOX-2021-11 and BOX Options. No more PFOF ?!](https://www.reddit.com/r/Superstonk/comments/nd8nqt/need_a_wrinkle_brain_immediately_robinhood_and/) + +**EDUCATION / DATA / OTHER:** + +* (Most of) the margin calls need to happen all at once [to maximize squeeze potential](https://www.reddit.com/r/Superstonk/comments/ndyomm/most_of_the_margin_calls_need_to_happen_all_at/) +* Q: "BuT wHEre DoeS ThE MoNey COme FroM?" [A: MARKET CANNIBALIZATION](https://www.reddit.com/r/Superstonk/comments/ndptr5/q_but_where_does_the_money_come_from_a_market/) +* This week is different than Jan & March - [what DFV knows (230,000 puts!)](https://www.reddit.com/r/Superstonk/comments/ndqd6e/this_week_is_different_than_jan_march_because_we/) +* The state of the enemy: [they’re desperate enough to sacrifice an influential chess piece now](https://www.reddit.com/r/Superstonk/comments/ndtox3/that_fud_piece_by_the_exmod_gives_invaluable_info/) +* In 4 weeks or less, [the public will know GameStop's voting numbers](https://www.reddit.com/r/Superstonk/comments/ndqpom/in_4_weeks_or_less_the_public_will_know_gamestops/) +* [A visual to remind you all why stop losses are bad.](https://www.reddit.com/r/Superstonk/comments/nduukg/heres_a_visual_to_remind_you_all_why_stop_losses/) SHFs used a massive short attack which set off stop losses to create this huge drop on March 10. +* Naked Short Sellers [have set our cancer research back decades](https://www.reddit.com/r/Superstonk/comments/ndrjl8/naked_short_sellers_have_set_our_cancer_research/) +* [Crypto market dumping again](https://www.reddit.com/r/Superstonk/comments/ndy28s/crypto_market_dumping_again_market_cap_decreased/) \- market cap decreased by at least $350B (as per comments) +* CNBC: [Elon Musk suggests Tesla may have dumped internet coin holdings](https://www.reddit.com/r/Superstonk/comments/ndzkp4/more_pressure_applied/) +* Perfect Timing for a Maintenance, wouldn't you say? [Robinhood blocking trading again](https://www.reddit.com/r/Superstonk/comments/ndz2we/rh_robbin_the_hood/) +* [Network Graph](https://www.reddit.com/r/Superstonk/comments/ndxkn3/network_graph_of_the_regulatoryclearingsettlement/) of the “Regulatory/Clearing/Settlement System for the U.S. Financial Markets” + +&#x200B; + +# 🌟 May 15 🌟 + +* [Ryan Cohen's Letter to the Board](https://www.reddit.com/r/Superstonk/comments/nd18ee/ryan_cohens_letter_to_the_boardmy_north_star/) +* DD: [Where in the world is SR-DTC-2021-005 ?](https://www.reddit.com/r/Superstonk/comments/ncnz1l/where_in_the_world_is_srdtc2021005_we_were_told/) We were told over 1 month ago it was taken down for formatting and would be replaced in no more than 2 weeks. Let's talk about it. +* Article from Feb 25th. [The GameStop Mess Exposes the Naked Short Selling Scam](https://www.reddit.com/r/Superstonk/comments/ncurzi/the_gamestop_mess_exposes_the_naked_short_selling/) + +# 🌟 May 14 🌟 + +**DD:** + +* Analysis of 605 data: [Huge short position opened in January. Expanded in February and March](https://www.reddit.com/r/Superstonk/comments/nc1h4o/findings_from_my_analysis_of_605_data_huge_short/). Has not been closed. +* [The Hedge Fund "Cabal": Steven Cohen, Citadel, and Susquehanna have been playing this game for decades.](https://www.reddit.com/r/Superstonk/comments/nbqbrc/the_hedge_fund_cabal_steve_cohen_citadel_and/) Will the Game Be Stopped this time? +* [The House of Fraud](https://www.reddit.com/r/Superstonk/comments/nbpboy/the_house_of_fraud_the_biggest_corruption_scandal/) \- The Biggest Corruption Scandal on History + +**TA:** + +* [MACD is crossing again!](https://www.reddit.com/r/Superstonk/comments/nccro9/omg_the_macd_is_crossing_again_just_chill_weve/) +* [Confirmation bias TA](https://www.reddit.com/r/Superstonk/comments/nbnsxl/gme/): 1 chart w/ stochastics, MACD, and OBV + +**RULES & REGULATIONS:** + +* [SR-ICC-2021-005 filed today with the SEC.](https://www.reddit.com/r/Superstonk/comments/ncq8jt/sricc2021005_filed_today_with_the_sec_basically/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) Sounds like a plan on how the mess will be cleaned up by big banks after a major devastating financial event happens, e.g. a MOASS +* [FINRA 2021 009 proposed rule change and its 👌](https://www.reddit.com/r/Superstonk/comments/nc8a1k/finra_2021_009_proposed_rule_change_and_its/) +* More competition for market makers (like Citadel) ? Info in comments. [SEC rule 8055 effective immediately](https://www.reddit.com/r/Superstonk/comments/ncmaxy/sex_rule_8055_effective_immediately_appears_to_be/) +* Something fishy about [removing SR-NYSE-2021-20 and SR-PHLX-2021-30](https://www.reddit.com/r/Superstonk/comments/nbq681/something_fishy_about_removing_srnyse202120_and/) +* Seems like ICC needs better language to liquidate and collect collateral (read bracing for impact). [SR-ICC-2021-007 aka haircuts for treasury bond participants.](https://www.reddit.com/r/Superstonk/comments/nc1zfj/i_like_this_one_sricc2021007_aka_haircuts_for/?utm_medium=android_app&utm_source=share) + +**NEWS & MEDIA:** + +* [Are we on the verge of a new financial crisis?](https://www.reddit.com/r/Superstonk/comments/ncgojw/are_we_on_the_verge_of_a_new_financial_crisis_the/) The GameStop case, the signals of Hedge Funds and the rise of crypto +* [MarketWatch quotes Stonkinator3000](https://www.reddit.com/r/Superstonk/comments/nchu9x/marketwatch_and_stonkinator3000_also_encapsulated/) and [Dave Lauer](https://www.reddit.com/r/Superstonk/comments/ncjp00/we_have_a_rouge_marketwatch_employee_giving/)! +* MarketWatch have changed their title and content of the same article 3x - Have now [removed all mention of squeeze](https://www.reddit.com/r/Superstonk/comments/nc77wi/marketwatch_have_changed_their_title_and_content/) +* We made our way on to [today’s Jeopardy (picture)!](https://www.reddit.com/r/Superstonk/comments/ncjoqi/we_made_our_way_on_to_todays_jeopardy/) Here's a [post with a video](https://www.reddit.com/r/Superstonk/comments/ncn461/we_were_on_jeopardy_today_boomers_still_think_it/) +* Bullish news! [Citadel employees jumping off the sinking ship already](https://www.reddit.com/r/Superstonk/comments/nc3xzf/bullish_news_citadel_employees_jumping_off_the/) +* Daily reminder to NEVER trust a word CNBC says : ["Short sellers help stocks find their true values and expose fraud"](https://www.reddit.com/r/Superstonk/comments/nc6f2a/daily_reminder_to_never_trust_a_word_cnbc_says_we/) +* [Repost "Robinhood CEO Lying Under Oath"](https://www.reddit.com/r/GME/comments/nc7hfj/petition_repost_robinhood_ceo_lying_under_oath/) and get it to frontpage once a day! +* If you ever doubted media manipulation, remember this video ["Independent" media using the EXACT same words](https://www.reddit.com/r/Superstonk/comments/nbpusp/if_you_ever_doubted_media_manipulation_remember/). And this video of the 2008 Crash. [Not a single expert/spokesperson mentioned the true cause of the crash; Mortgage Bonds.](https://www.reddit.com/r/Superstonk/comments/nbrl8h/watch_this_video_of_cnbc_during_the_2008_crash/) +* How you can tell this isn't the squeeze: [MarketWatch says it is](https://www.reddit.com/r/Superstonk/comments/nbq8ck/how_you_can_tell_this_isnt_the_squeeze/) + +**EDUCATION / DATA / OTHER:** + +* [New SEC whistleblower info](https://www.reddit.com/r/Superstonk/comments/ncfwah/new_sec_whistleblower_info_may_14th_is_this_ryan/) \- is this Ryan Cohen's doing with the proxy votes?! +* [Looks like some research institutes are coming around to our side!](https://www.reddit.com/r/Superstonk/comments/nc8c0h/hey_you_guys_looks_like_some_research_institutes/) +* Brad Katsuyama CEO and co-founder of the IEX: ["97% of market orders are never executed"](https://www.reddit.com/r/Superstonk/comments/ncfd8e/brad_katsuyama_ceo_and_cofounder_of_the_iex_97_of/). From Sep 2017 +* Contrude's big brain wrinkles on [what is happening right now.](https://www.reddit.com/r/Superstonk/comments/ncah29/real_dd_coming_soon_this_is_my_attempt_to_explain/) Upcoming DD. +* [Daily heat map](https://www.reddit.com/r/DDintoGME/comments/nckxtb/daily_heat_map_of_citadelmelvinsusquehanna_long/) of Citadel/Melvin/Susquehanna Long Holdings +* [Bloomberg Terminal Data 05/14](https://www.reddit.com/r/DDintoGME/comments/nckmwo/14052021_gme_bloomberg_terminal_information/) +* Lucy Komisar's quote on [226% short interest in $GME comes from Finra](https://www.reddit.com/r/Superstonk/comments/ncjx4t/lucy_komisars_quote_on_226_short_interest_in_gme/) (02/09/2021) +* [GME Depth of Book](https://www.reddit.com/r/Superstonk/comments/nbpvmh/gme_depth_of_book/) by Dave Lauer + +&#x200B; + +# 🌟 May 13-12-11🌟 + +**DD:** + +* [A DD into Steven A. Cohen](https://www.reddit.com/r/Superstonk/comments/nb0261/a_dd_into_steven_a_cohen_one_of_the_main_villains/), one of the main villains in the GME saga +* [DFV, Ryan Cohen, May 13th, Liquidity Test and Margin Call](https://www.reddit.com/r/Wallstreetbetsnew/comments/nb14zk/dfv_ryan_cohen_may_13th_liquidity_test_and_margin/) +* Counter DD: NY Fed $400B reverse repos is [not tied to margin calls. It's worse.](https://www.reddit.com/r/Superstonk/comments/nbt1sp/counter_dd_ny_fed_400_bln_reverse_repos_is_not/) +* Possible DD: [The beginning of the end](https://www.reddit.com/r/Superstonk/comments/nbe55w/the_beginning_of_the_end/). About VIX, 10-year notes, risk, inflation, and the FED +* Possible DD: [Massive incoming upward push on GME & Bollinger Bands](https://www.reddit.com/r/Superstonk/comments/naktm8/thankyou_for_flying_gme_please_grab_your_final/) +* EU – [CSDR is a true driver to enforce better regulated markets](https://www.reddit.com/r/Superstonk/comments/nbf18c/eu_csdr_is_a_true_driver_to_enforce_better/?utm_medium=android_app&utm_source=share), clean up the GME/AMC mess and help apes on a global level +* [Stress Tests Are Easy With Cheat Codes](https://www.reddit.com/r/Superstonk/comments/nbjckf/stress_tests_are_easy_with_cheat_codes_may_13/) — May 13, 2021 Edition! + +**RULES & REGULATIONS:** + +* [Two New Rules Posted On DTCC's Site : SR-FICC-2021-003 & SR-FICC-2021-801](https://www.reddit.com/r/Superstonk/comments/nble59/while_were_having_a_party_two_new_rules_just/). Changes for the FICC, DTCC's subsidiary, a clearing house like the DTCC, but for fixed income securities like MBS. +* [SR-FINRA-2021-009!](https://www.reddit.com/r/Superstonk/comments/nb3put/new_finra_ruling_srfinra2021009_link_in_the/) This rule specifically talks about the January squeeze and liquidity, and the 2008 crash. Discussion post. +* A bill just got approved - [Disclosure of Tax Havens & Offshoring Act.](https://www.reddit.com/r/Superstonk/comments/nb30rn/a_bill_just_got_approved_disclosure_of_tax_havens/) Hedgies getting inspected! + +**NEWS:** + +* ["Margin calls this afternoon..." on CNBC!](https://www.reddit.com/r/Superstonk/comments/nat1ec/margin_calls/) +* [European Financial News is Reporting Major MARGIN CALLS are Already Happening on Wall Street](https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/)... and the Fed Has Quietly Issued Billions in Emergency Bail Out Loans to Financial Institutions Over the Past Two Days +* [Regarding recent rumors about FED bailing out HFs.](https://www.reddit.com/r/Superstonk/comments/nbg01m/regarding_recent_rumors_about_fed_bailing_out_hfs/) Who are we really up against ? +* [Fidelity adds 4.1 million new clients in the first quarter of 2021](https://www.reddit.com/r/Superstonk/comments/nbku8x/if_fidelity_transferees_own_19_shares_each_theyd/) +* [Ken's failure in Shenzhen, China](https://www.reddit.com/r/Superstonk/comments/nbdoqs/kens_failure_in_china/). Banned for security fraud and malicious short selling. +* US House Financial Services Committee Considering [a Ban on PFOF](https://www.reddit.com/r/Superstonk/comments/nbeqvk/occupy_wall_street_could_have_only_dreamt_of/) +* [Another Whistleblower Awarded $3.6 Million](https://www.reddit.com/r/Superstonk/comments/nascnj/another_whistleblower_awarded_36_million_today/) by the SEC +* In 2018, [Melvin Capital Shorted Nintendo](https://www.reddit.com/r/Superstonk/comments/namtx9/in_2018_melvin_capital_shorted_nintendo/) +* [Is This The Beginning Of The End Of Naked Short Selling In Canada?](https://www.reddit.com/r/Superstonk/comments/na8udr/canada_considering_forcing_short_sellers_confirm/) +* Every S&P Sector in Negative Territory as Stocks Plunge [as seen on TV.](https://www.reddit.com/r/Superstonk/comments/n9yw1r/i_like_red_crayon/) + +**SOCIAL MEDIA:** + +* [Ryan Cohen's Tweet @ Arlington, VA](https://www.reddit.com/r/Superstonk/comments/nb4tbl/ryan_cohen_tweet/) +* [Wombo Combo](https://www.reddit.com/r/Superstonk/comments/nasz86/gamestop_twitter_at_it_again_i_speculate_the/) +* [GameStop replying to Reddit replying to GameStop](https://www.reddit.com/r/Superstonk/comments/na67t8/reddit_just_replied_to_gamestops_new_tweet_we/). [Another one.](https://www.reddit.com/r/Superstonk/comments/na6o23/jacked_to_the_tits/) + +**EDUCATION / DATA / OTHER:** + +* Clarifying some things about [average trade sizes, transactions reporting, and the FINRA ADF](https://www.reddit.com/r/Superstonk/comments/na5drq/greetings_apes_lets_clarify_some_things_about/) +* [Reverse Repo loan amounts by day since January](https://www.reddit.com/r/Superstonk/comments/nbbg13/reverse_repo_loan_amounts_by_day_since_january/) +* New SEC filings indicate [whale institutions are HODLing too](https://www.reddit.com/r/Superstonk/comments/nb85ey/new_sec_filings_indicate_whale_institutions_are/) +* US consumer prices at highest level since 2008 and [core inflation at highest level since 1995](https://www.reddit.com/r/Superstonk/comments/nansur/us_consumer_prices_at_highest_level_since_2008/) +* Daily Heat Map of Citadel and Melvin's Long Holdings: [May 13](https://www.reddit.com/r/DDintoGME/comments/nbtuyc/daily_heat_map_of_citadel_and_melvins_long/), [May 12](https://www.reddit.com/r/DDintoGME/comments/nb30rz/daily_heat_map_of_citadel_and_melvins_long/) +* Market Heat Map of a [Very Red Day on May 12](https://www.reddit.com/r/StockMarket/comments/natcfe/market_heatmap_512/) +* [Nikkei Bleeding - Another Big Red Day](https://www.reddit.com/r/Superstonk/comments/nagx9k/nikkei_bleeding_another_big_red_day_its_only_1/). It's only 1% Away From the Low of Jan 28. +* [Asian markets](https://www.reddit.com/r/Superstonk/comments/nahhak/asian_markets_are_tanking_once_again_following/) and [other international markets](https://www.reddit.com/r/Superstonk/comments/nafv9y/international_markets_are_doing_super_well_honest/) are tanking, following another day of decline in the US markets +* Bloomberg Terminal Data: [May 13](https://www.reddit.com/r/Superstonk/comments/nbqh14/13052021_gme_bloomberg_terminal_information/), [May 12](https://www.reddit.com/r/DDintoGME/comments/nb063p/12052021_gme_bloomberg_terminal_information/), [May 11](https://www.reddit.com/r/DDintoGME/comments/na975y/11052021_gme_bloomberg_terminal_information/) +* May 13: [GME Ortex Data - Closing Bell](https://www.reddit.com/r/Superstonk/comments/nbpybf/gme_ortex_data_closing_bell/). +* [Why Ortex's Cost To Borrow % is much greater than Fintel/iborrowdesk's](https://www.reddit.com/r/amcstock/comments/na36uw/i_asked_ortex_why_their_cost_to_borrow_is_in_the/). This post is for another stock, but can be useful for GME. +* May 12: [Negative volume of -2,731,335 in after hours.](https://www.reddit.com/r/Superstonk/comments/nbaqkk/hello_glitch_welcome_back/) +* Looks Like [All The Top Cryptocurrencies Are Tanking Together](https://www.reddit.com/r/Superstonk/comments/nblb8m/welp_looks_like_all_the_top_cryptocurrencies_are/)🤔Nothing To See Here +* [GME SAGA Timeline](https://www.reddit.com/r/Superstonk/comments/nbcpij/gme_saga_timeline_update_0513/) Update 05-13 +* So far Canadians have [at least 101322 proxy vote forms that have been sent out!](https://www.reddit.com/r/Superstonk/comments/nb271f/so_far_canadians_have_at_least_101322_proxy_vote/) +* I know we said not to talk about other stocks, but this ties into GME. [PRESENTING THE BIG FOUR](https://www.reddit.com/r/GME/comments/nay4zw/presenting_the_big_four_four_separate_stocks_four/): 4 separate stocks. 4 different industries. All shorted by Citadel. All put on the RH restricted list. All moving exactly the same way. ^(As for me, I like GME.) +* [Record Selling by BofA Hedge Fund Clients](https://www.reddit.com/r/Superstonk/comments/nam06k/record_selling_by_hfs/) +* [GME fully disappeared from IB report](https://www.reddit.com/r/DDintoGME/comments/na03n6/gme_fully_disappeared_from_ib_report/) +* [Short Volume of 67.7% on May 10th](https://www.reddit.com/r/Superstonk/comments/n9xb96/yesterday_was_the_highest_short_volume_we_have/) + +**ART & WRITING:** + +* Documentary update! [It's All About The Apes](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/) + +&#x200B; + +# 💎 More posts from May 💎 + +**DD:** + +* All Shorts Must Cover. They're Entering The Danger Zone. [The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) +* Kenny's running out of resources and shorting everything to pay for it. [List of stock Citadel is shorting](https://www.reddit.com/r/Superstonk/comments/mwm2iz/rocket_fuel_kennys_running_out_of_resources_and/) +* Who is really the bad guy here? Hint hint: It ain’t SHITADEL. [ICE bears, we see you](https://www.reddit.com/r/Superstonk/comments/n75j10/who_is_really_the_bad_guy_here_hint_hint_it_aint/) +* Retail EASILY Owns [100-300% of the Remaining Float](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/) +* [How Synthetic Shares Can Destroy Proxy Voting](https://www.reddit.com/r/Superstonk/comments/n1qhtb/how_synthetic_shares_can_destroy_proxy_voting/) +* [Superstonk users ALONE hold between 27 million and 35 million shares.](https://www.reddit.com/r/Superstonk/comments/mzuodo/final_update_superstonk_users_alone_hold_between/) Based on polls and frequency distribution. +* Possible DD: The link between [GameStop, Berkshire Hathaway and Coca-Cola](https://www.reddit.com/r/Superstonk/comments/n7e18t/i_think_i_solved_the_rubix_cube_and_it_is_so_much/) +* Discussion: Citadel Has Over $57,500,000,000 In Open Short Positions On Its Books... [What may have happened in January and why trading was halted](https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel_securities_has_over_57500000000_in_open/) + +**NEWS:** + +* [The full, unedited segment of Trey Hollingsworth](https://www.reddit.com/r/Superstonk/comments/n6gmlr/the_full_unedited_segment_of_trey_hollingsworth/) as he brings up off-exchange (DARK POOL) trading, then immediately gets cut off for reasons unknown +* [Fidelity launches platform for fund managers to profit from short-sellers](https://www.reddit.com/r/Superstonk/comments/n1nic0/fidelity_launches_platform_for_fund_managers_to/) +* May 7 : US CMBS Delinquencies Tick Up in April for First Time since October 2020. The Big Short 2.0 ? [Reddit post](https://www.reddit.com/r/Superstonk/comments/n8t3wc/speaking_of_hedge_funds_banks_and_commercial/) and direct link: [https://www.fitchratings.com/research/structured-finance/us-cmbs-delinquencies-tick-up-in-april-for-first-time-since-october-2020-07-05-2021](https://www.fitchratings.com/research/structured-finance/us-cmbs-delinquencies-tick-up-in-april-for-first-time-since-october-2020-07-05-2021) + +**RULES & REGULATIONS:** + +* Possible DD: [801 and NSCC-002](https://www.reddit.com/r/Superstonk/comments/n5idj9/801_and_nscc002/) + +**TA:** + +* Michael BRRRRYs Warnings of the market crash: [DJI, S&P500, and the NASDAQ all have this bearish pennant](https://www.reddit.com/r/Superstonk/comments/mwpu9x/michael_brrrrrrys_warnings_of_the_market_crash/) + +**EDUCATION / DATA / OTHER:** + +* Complete Compilation Documenting the Existence of [Every Market Manipulation Tactic Used by Hedge Funds in this GameStop Saga](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) +* [Why Korean Ants are standing with us, from an Ant](https://www.reddit.com/r/Superstonk/comments/n46jd9/korean_ant_here_why_we_stand_with_you/) 🤝 +* [Complete ETF list update](https://www.reddit.com/r/Superstonk/comments/n9kzyv/gme_complete_etf_list_update_week_of_may_10th_2021/) \- Week of May 10th + +&#x200B; + +# 💎 Posts from April 💎 + +* Compilation of All DD, TA, Rules & Regulations, News, and more! [APRIL EDITION](https://www.reddit.com/r/Superstonk/comments/nd80tt/compilation_of_all_dd_ta_rules_regulations_news/?utm_source=share&utm_medium=web2x&context=3) 🔥🚀 + +&#x200B; + +# 💎 Posts from March💎 + +* Compilation of All DD, TA, Rules & Regulations, News, and more! [MARCH EDITION](https://www.reddit.com/r/Superstonk/comments/nd506b/compilation_of_all_dd_ta_rules_regulations_news/?utm_source=share&utm_medium=web2x&context=3) 🔥🚀 + +&#x200B; + +# 🚀 atobitt's work 🚀 + +1. [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) +2. [BlackRock Bagholders, Inc.](https://www.reddit.com/r/GME/comments/m7o7iy/blackrock_bagholders_inc/) +3. [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +4. [Walkin' like a duck. Talkin' like a duck](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/) +5. [A House of Cards - Part 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) + +# 🚀 sharkbaitlol's work 🚀 + +1. [CHAOS THEORY - The EVERYTHING Connection](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/) : The Cayman Islands +2. [CHAOS THEORY - Conflicts of Interest](https://www.reddit.com/r/Superstonk/comments/mpmnzt/chaos_theory_conflicts_of_interest/) : Former SEC Chairman Jay Clayton & Apollo, Former Chairman of the CFTC Heath Tarbert & Citadel +3. [CHAOS THEORY - The FINAL Connection](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) : CFTC & SEC, Credit Suisse, Gary Gensler, LIBOR & SOFR, The Great Trap + +# 🚀 augrr's work 🚀 + +1. [The Shell Game I](https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/) \- FTDs can be "reset" through borrowing from ETFs +2. [The Shell Game II](https://www.reddit.com/r/Superstonk/comments/mwnnmj/the_shell_game_revisited_how_etfs_work_and_what/) \- How ETFs work and what their FTDs mean for GME +3. [The Shell Game III](https://www.reddit.com/r/Superstonk/comments/myn9vn/the_shell_game_iii_lifting_the_final_cups_for/) – Lifting the Final Cups for Take-Off + +# 🚀 broccaaa's work 🚀 + +1. [Why March GME prices are suppressed and hedges are fucked:](https://www.reddit.com/r/GME/comments/m5k32p/why_current_gme_prices_are_suppressed_and_hedges/) OBV, shorting and the disconnect with price +2. [The naked shorting scam revealed:](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) lending of market maker privileges, the married put trade and why inflicting max pain will bleed them dry +3. [The naked shorting scam in numbers:](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) AI detection of 140M hidden FTDs, up to 400M naked shorts in married puts and massive dark pool activity by Citadel and the shorts +4. [The naked shorting scam using ETFs](https://www.reddit.com/r/DDintoGME/comments/n1x75w/the_naked_shorting_scam_using_etfs_mass_shifting/): mass shifting of FTDs from GME to 20+ ETFs & 27+ billion dollars still owed in remaining SI + +&#x200B; + +# 📢 AMAs of MVPs 📢 + +&#x200B; + +* Dr. Susanne Trimbath, PhD - April 29, 2021 : [Livestream](https://youtu.be/fGVY2Kco8ng), [Transcript Part 1](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/), [Transcript Part 2](https://www.reddit.com/r/Superstonk/comments/n1vvcy/stonky_news_special_report_dr_susanne_trimbath/) and [Book](https://www.amazon.com/Naked-Short-Greedy-Streets-Failure-ebook/dp/B08XXXRH7T/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1619727582&sr=8-2) (Naked, Short and Greedy: Wall Street's Failure to Deliver) +* Dave Lauer - May 5, 2021 : [Livestream](https://youtu.be/AYct0XX0uTU), [Transcript Part 1](https://www.reddit.com/r/Superstonk/comments/n7234n/david_lauer_ama_transcriptsummary/) and [Transcript Part 2](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/) +* Carl Hagberg, Retail Shareholder Rights Expert - May 12, 2021: [Livestream](https://youtu.be/KHnpPfWdf78), [Transcript Part 1](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/) and [Transcript Part 2](https://www.reddit.com/r/Superstonk/comments/nceapj/carl_hagberg_ama_transcriptsummary_22/) +* Lucy Komisar, Investigative Journalist: [Livestream](https://youtu.be/wKXWvEpnN34) and [The Komisar Scoop Website](https://www.thekomisarscoop.com/) +I just went to a Gamestop store and it was packed. I waited around until it died down a little to talk to the manager. She said they are always busy- they went from the slowest store to the top 3rd busiest store in the district in under a year and are looking to hire more people. Brick and mortar aint dying. Tits jacked +Hi All, I have gone down a rabbit hole these last few days (gotta love the power of ADHD hyperfixation) and I think I have some decent info worth sharing around the account numbers. I've written a few posts to get this 100% right because the best way to get the right answer is to put the wrong one on the internet, so thanks apes for your input. Here goes... + +*This isn't financial advice, just a numerical thought experiment by a humble ape.* + +**TL;DR - Now more than ever we have to track Computer Share high scores, if we get complacent we might have to wait 200+ days until we lock the float.** + +# MOD11 and the extra digit + +This theory is 99% confirmed. For those not in the know, the account numbers contain an extraneous digit called a "check digit". This means that when your account numbers jump from 470,000 to 480,000 we have had an increase of 1,000 accounts, not 10,000 accounts. + +MOD11 has been proven by a number of posts. In particular [this one](https://www.reddit.com/r/Superstonk/comments/q39afs/i_tried_to_obtain_consecutive_computershare/hfqwh2b/?context=3) where [u/NerdCage](https://www.reddit.com/user/NerdCage/) attempts to initiate two transfers simultaneously. When he did this they were registered 6 seconds apart and the two accounts numbers were 6 digits appart. This lines up with a sample of 20 MOD11 numbers [here](https://www.reddit.com/r/Superstonk/comments/q35t27/reforecasted_date_for_securing_the_cs_float_mod11/), with the gaps between account numbers being "roughly 10" and approaching that average as they increment. The only other explanation for this is that they are doing 1 account per second which means about 28800 accounts per day. + + +Part of the MOD11 theory is that if an account number doesn't satisfy the MOD11 requirements and produces an X then it breaks the theory. I think to date from what I have read those accounts that generate an X work with a manual calculation. Its also worth considering that the non MOD11 might just have a different letter at the end to tell the system to use MOD10 or some other Luhn algorithm. + +There are other schools of thought around MOD11 and attempts to debunk it, including my post [here](https://www.reddit.com/r/Superstonk/comments/q2xjmq/a_note_about_ascending_account_numbers_at_cs/hfrui87/?context=3). There is another DD [here](https://www.reddit.com/r/Superstonk/comments/q32d8j/computeshare_account_numbers_databases_and_set/hfq31me/?context=3) about reusing dead account numbers. I think this is also possible, but unlikely because I know with bank account numbers that cant be reallocated for 5 years after deactiviation. In anycase, lets proceed with the DD and assume that MOD11 is correct. + +# CS Account High Scores + +In a previous post, I sampled the rate of account increases over 13 days and averaged them. I copped a lot of shit for this in the comments so instead I'm going to get a bit more fancy and try to do optimistic and pessemistic modelling. + +[/](https://www.reddit.com/user/stopfuckingwithme)u/stopfuckingwithme has done a great job keeping track of high scores. Our biggest high score jump to date was 437,XXX (04 Oct) to 460,XXX (05 Oct) applying MOD11 to that we get 2300 accounts in 1 day. + +Following that we got 460,XXX on October 6th to 480,XXX October 7th. Applying MOD11 this is an increase of approximately 2,000 accounts. So: + +&#x200B; + +||Optimistic|Pessemistic| +|:-|:-|:-| +|Accounts Per Day|2,300|2,000| + +Averaging 2 weeks worth of high score data we get an average under 2000. There are a few reasons why the account numbers per day might be low: + +&#x200B; + +1. Brokers are fucking around and delaying transfers +2. CS is at some kind of limit for new accounts (maybe a manual process requiring staff) +3. Serious Bystander effect + +&#x200B; + +# Average Shares Per Account + +There have been a lot of goes at trying to work this out. But /u/killacelebrity did an amazing job [here](https://www.reddit.com/r/Superstonk/comments/q3b103/analyzing_yesterdays_computershare_posts_day_3/hfqj7q6/) manually calculating the number of shares of a sample of 340 computer share posts over 3 days. Please note applying his sampling is about n=110 per day - roughly 5% of our average accounts per day. + +Based on [u/killacelebrity](https://www.reddit.com/user/killacelebrity/) post we have a median of 25 shares per account, and an average of 111 share per account. An average removing outliers yielded 95.49 shares per account. So lets use these averages as an optimistic and pessemistic predictors. + +&#x200B; + +||Optimistic|Pessemistic| +|:-|:-|:-| +|Shares per account|111|95.49| + +# Prediction of time until float lockup + +The below is 4 different scenarios based on combinations of optimisitic or pesimistic figures + +||Opt^(s) x Opt^(a)|Opt^(s) x Pes^(a)|Pes^(s) x Pes^(a)|Pes^(s) x Opt^(a)| +|:-|:-|:-|:-|:-| +|Shares registered per day|255,300|222,000|190,908|219,627| + +Based on these four scenarios we can model the time until float lockup based on current tragectory. The most significant increase in shares based on /u/stopfuckingwithme was around September 20 so I will calculating our starting point for each scenario by retrospectively looking back. Thanks to /u/Mattonreddit for showing me[this post](https://www.reddit.com/r/Superstonk/comments/q32oe9/cs_told_us_exactly_how_many_drs_holders_there/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) which indicates that in March 17 we had 1,683 DRS'd accounts. Now, other people besides apes use computer share /u/bennysphere said that [/u/PilgrimBradford1620](https://www.reddit.com/u/PilgrimBradford1620/) reported 35,XXX on 19 March 2021 (2 days later). That means we have 1,683 accounts plus 7 months of accounts to reach our current account high score of around 48,300 so its safe to assume apes have registered about 1,683 + (48,300 - 3,500) so far. + +# Accounts created so far: ~46,483 + +So using our 4 rates to model the current registered share count we get the following: + +&#x200B; + +||Optimistic|Pessemistic| +|:-|:-|:-| +|**Shares Registered to Date**|5,159,613|4,438,661| + +Ok, so we almost have our starting point today. Please note that this assumes no one other than apes registered CS accounts in 7 months which is likely wrong. Although because the account numbers were so low in March and they went up a factor if 10 I don't think it skews these numbers too much. + +So our shares left remaining if we assume a public float of 62.9M: + +&#x200B; + +||Optimistic|Pessemistic| +|:-|:-|:-| +|**Shares remain to lock float**|56,840,387|57,561,339| + +&#x200B; + +So that math to work out how many days until float is locked is: Share Remaining / Shares Registerd Per Day. I have worked this into the table for our 4 scenarios: + +&#x200B; + +||Opt^(s) x Opt^(a)|Opt^(s) x Pes^(a)|Pes^(s) x Pes^(a)|Pes^(s) x Opt^(a)| +|:-|:-|:-|:-|:-| +|Time until lockup (pessemistic starting point)|225 days|259 days|301 days|262 days| +|Time until lockup (optimistic starting point)|222 days|256 days|297 days|258 days| + +If you space that out over business days your get "a fucking long time" which upset a lot of apes and I copped a lot of flack in the comments. So if your feeling shit reading those numbers please read on. + +# Other Factors + +This is the best calculation we can do with the data available. I've used 111 as the average here but someone literally registered 6000 shares yesterday - trippling the daily average. A few Whales reached out to me indicating they are still feeling out the situation and working out the best strategy to bring things across. Likely we will see some big whale purple donuts in the coming days pumping this number up. + +We might see the daily account rate Skyrocket! This is what I am hoping for and why /u/stopfuckingwithme's work is so crucial. If we see a jump from 480,XXX to 600,XXX then lockup becomes a lot closer. + +Already Locked up whales like RC, DFV might also have registered. This means our starting point jumps up from 5M to 5M + 8,190,000 + 200,000 to about 13,000,000. In the optimistic case here we only have to lock around 48 million giving us 188 days. + +This could all be brokers delaying things and we could see those requests with 2-3 week wait times go through and see the rate go from 2,200 accounts a day to 20,000 per day. Which effectively means we are only a month out from locking the float. + +# Key Takeaways + +My main point here is that even with MOD11 we can calculate our new account rate and this is a crucial indicator of speed. Now more than ever high score monitoring is important and we cant get complacent, we need to harass and push our brokers to get this daily rate up higher or we risk having to wait 200+ days for a full float lock. + +Edit: stop fucking with me has added [a new high score](https://www.reddit.com/r/Superstonk/comments/q3pdfq/computershare_new_high_score_winner_1007/?utm_medium=android_app&utm_source=share) which is consistent with our average of 2,000 accounts per day confirming the rate bottleneck +First of all, this is the most helpful forum on the internet and should be compulsory reading for all the UK! However I am still pretty clueless around all these important things. + +My parents are looking to sell their house in the next couple of years. Various people have had educated guesses and it is probably close to £1m in value. This is due to the area, land size and probably as its a short drive from woking station which has 20 min trains to london. + +Context: I love the house - it is all i've ever known, I love the area and I love the land it's on. + +I'm in late twenties, earn about 40k (slightly rounded up) and have saved about 50k for a deposit. So there's no way in hell I could ever buy the house through your traditional mortgage - or any house in my childhood area for that matter. + +Nor do I want them to gift, undersell or be out of pocket in anyway - they are close to retirement, paid off the mortgage a while ago and deserve the full money they would get after 63 years of living and however long they've worked for. They dont know what they want to do - but are thinking of downsizing somewhere by the coast. + +**HOWEVER...** + +The house is unique - it is a 3 bedroom cottage with an extension which is almost (apart from a connecting corridor which can be shut off) completely separate to the house. The extension has it's own bedroom, toilet, kitchen and garden and was made to be an annex to which they rent out - the council found out about this so now we already pay two council taxes on the property. + +A quick check on zoopla told me that 3 bedroom houses in my area rent for roughly on average £1,500pm. So my thinking is... is there anyway I could live in this annex and rent out the main 3 bedroom house bit. I wouldnt even have to come into contact with them and through some hedge / fence installations give myself my own garden. + +So if a fictional bank gave me a £1m mortgage, with no deposit needed, to be paid back £2k a month for the next 42 years (excludes interest and any reality) - I could easily pay this: £1500 from the tennants and £500pm from me. + +To my mind that's £500pm to live somewhere i could never normally afford in an area I love and could grow up in. + +So - is this this possible in anyway or a complete pipedream? + +My parents would certainly entertain any clever ideas that helps me get on the property ladder. So far, all they can do to help is they've offered a 60k interest free loan for a deposit when the time is right - which of course is very appreciated but looking at the property market - I still despair regardless. + +The TL/DR is: I could easily pay the £1m loan to cover a mortgage slowly at £2k a month for 42 years. The trouble is Im aware this is not the reality of mortgages. + +Thank you UKPF for any advice. +Guten Tag to this global band of Apes! 👋🦍 + +For some reason, I was reflecting on why the DRS numbers get me so excited. +To me, it represents a commitment. +Each share that I DRS, or that I see others DRS, seems like a promise. +It represents a share that will not be sold until the MOASS. +It represents liquidity removed from the system. +Liquidity that the SHFs depend on to manipulate the price by routing through dark pools. +Each share that is DRS'd has had an Ape on the other end make the intentional choice to have it counted toward Locking the Float. + +That so many of us continue to DRS, to the tune of 20 million shares a quarter, is staggering. +Can you imagine any other company earning such support from its investors? +We are here because we believe in this company. +We believe in its directors. +We see what the SHFs tried to do to GameStop, like they did to so many companies before, and we are ready to turn the tables on them. +Our Diamantenhände are all we need to do it, and DRS is the main tool we have for it. + +Today is Friday, September 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$26.18 / 26,16 €** *(volume: 9811)* +- 🟩 115 minutes in: $26.16 / 26,14 € *(volume: 9061)* +- 🟥 110 minutes in: $26.15 / 26,12 € *(volume: 8955)* +- 🟥 105 minutes in: $26.17 / 26,15 € *(volume: 8905)* +- ⬜ 100 minutes in: $26.23 / 26,20 € *(volume: 8342)* +- 🟩 95 minutes in: $26.23 / 26,20 € *(volume: 8342)* +- 🟩 90 minutes in: $26.16 / 26,14 € *(volume: 8159)* +- 🟩 85 minutes in: $26.12 / 26,09 € *(volume: 8074)* +- ⬜ 80 minutes in: $26.12 / 26,09 € *(volume: 8059)* +- 🟩 75 minutes in: $26.12 / 26,09 € *(volume: 7899)* +- 🟩 70 minutes in: $26.11 / 26,09 € *(volume: 7899)* +- 🟥 65 minutes in: $26.11 / 26,09 € *(volume: 7301)* +- ⬜ 60 minutes in: $26.13 / 26,11 € *(volume: 7199)* +- 🟥 55 minutes in: $26.13 / 26,11 € *(volume: 7189)* +- 🟩 50 minutes in: $26.20 / 26,18 € *(volume: 6672)* +- 🟩 45 minutes in: $26.18 / 26,15 € *(volume: 6657)* +- 🟥 40 minutes in: $26.12 / 26,09 € *(volume: 6657)* +- 🟩 35 minutes in: $26.19 / 26,17 € *(volume: 6632)* +- 🟥 30 minutes in: $26.12 / 26,10 € *(volume: 5728)* +- 🟥 25 minutes in: $26.13 / 26,10 € *(volume: 5627)* +- 🟩 20 minutes in: $26.13 / 26,11 € *(volume: 5506)* +- 🟩 15 minutes in: $25.75 / 25,72 € *(volume: 3929)* +- 🟩 10 minutes in: $25.56 / 25,54 € *(volume: 1431)* +- 🟥 5 minutes in: $25.54 / 25,52 € *(volume: 1231)* +- 🟥 0 minutes in: $25.67 / 25,64 € *(volume: 327)* +- 🟩 US close price: $25.83 / 25,81 € *($25.70 / 25,68 € 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 1.0009. 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! +Just curious on this. Most books and gurus will tell you that you have to find great deals to succeed. I have definitely felt the ultra high with buying a GREAT deal. Your net worth instantly takes a jump, you have more money to invest in more deals, and you cushion yourself from a falling market. + +But I know there's high income earners out there that don't really have the time to find off market deals or call on pre-foreclosures, etc. + +For those people, have you had any long-term success just buying homes where there is enough rent cushion to pay market price on homes? Let the rent increases build your wealth and ignore the home values? +Hypothetical situation here, If you are able to obtain the cash would you make an all cash offer to make a better deal on a $330k duplex investment property (no renovation needed) and then get a HELOC after purchase to replenish capital to reinvest? + +May be an obvious answer. New to investing. + +Plan to get into str +I heard usury is not allowed so I googled Islamic banking just to see if they offer mortgages. It turns out they’re slightly different but are essentially the same thing. However, the rates seem much better and they even allow mortgages for investment properties + +Does anyone have any experience with loans like these? I got a rate from Guidance Residential and I’m pretty sure that I’ll go with them or a similar company for my next purchase +Just curious on this. Most books and gurus will tell you that you have to find great deals to succeed. I have definitely felt the ultra high with buying a GREAT deal. Your net worth instantly takes a jump, you have more money to invest in more deals, and you cushion yourself from a falling market. + +But I know there's high income earners out there that don't really have the time to find off market deals or call on pre-foreclosures, etc. + +For those people, have you had any long-term success just buying homes where there is enough rent cushion to pay market price on homes? Let the rent increases build your wealth and ignore the home values? +So I spoke with a financial advisor for the first time a few weeks back, just wanted some advice on outlining my future for investments, savings, and other things that could help me and my future children keep and grow wealth. + +After going through my current finances and investments they suggested a Whole Life Insurance policy. Details: + +Whole Life 20 Pay +Loan interest rate: 4.65 % +Initial death benefit: 79,271 +Monthly premium: 150, or 1800 a year. + +After 20 years, they stated I would no longer pay anything into this account and that it would accumulate on its own. +Based on the illustration they gave me, (it is based on dividends of the year 2022 and could fluctuate is what I’ve figured) by age 65 I would have an end of year benefit for $371,605 and a net cash value of $329,112. (EDITS ARE BELOW I MADE A MISTAKE ON THESE NUMBERS) + +Something seems… off. I’m not well versed in finance, so please correct me if I’m wrong. I looked through these documents they gave me and read all the fine print and I can’t seem to find if there’s some hidden fees I’m missing. + +Am I missing something and are their additional questions I need to be asking? + +Edit: in a matter of 15 minutes after posting I now realize I was totally about to make a horrible decision by doing this. I can put my money elsewhere. Thank you! + +Edit: I made a slight error on one segment, it was not a projected cash value of $329,112 at age 65 as I was looking at the life of policy and not my age. What it would actually be at age 65 is total cash at $105,192 and $188,284 in benefits. My mistake! + +Edit again: Wow thank you everyone, there is a lot of info and replies for me to go through on here and I appreciate that. Did not expect to get so much response, so I apologize if I do not get back to everyone. Much appreciation. +[**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! + +# 🏴‍☠️ [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! + +# 🙋 ​[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/) +So as the title says, im interested in learning about trading and possibly do it on the side, however I have no idea about any of it or what sort of trading is good for a beginner and not looking for it as full time. If anyone could point me in a direction I'd be very grateful. +So in the past I’ve tried trading on my phone but of course you need proof of ID your 18+, I’m getting a computer soon so I want to try and get back into it. If so does anyone have any tips? Thank you. +I am playing an MMO video game with its own marketplace. + +In addition to traditional price vs time there is a "supply and demand chart". + +# It works as follows: + +1. **You choose the price** and amount of items you wish to sell, creating a *sell order*. +2. The trade takes place automatically when somebody else creates a *buy order* with your chosen price or higher. +3. I don't yet understand which trades are executed first in case one sell order corresponds to several buy orders (or vice versa). I think it is purely based on time when the order was placed. +4. Every waiting buy/sell order is displayed in a chart. The chart can be used as an indicator of supply and demand. Example chart: [https://imgur.com/a/nFXoWQB](https://imgur.com/a/nFXoWQB) + +More info about the game, marketplace etc.: [https://wiki.warthunder.com/War\_Thunder\_Market](https://wiki.warthunder.com/War_Thunder_Market) + +**The question is:** Are there any real life platforms that allow you to place an order for a given price? Can other traders see it? +I have always been an options daytrader, but life has become much much more hectic and I just do not have the bandwidth to give day trading the attention it deserves. So, I am getting into swing trading equities. + + +This stock, Industrial Logistics Properties Trust (ILPT), was recently at $14.00 before dropping down to the $9 level. Looking for a bounce play here soon. + + +some quick notes- 88% Institutionally owned, strong cash position, solid revenue, cut dividend payout + +In a press release, the company expects to reinstate its dividend at least close to its previous level in 2023, this could be a nice potential play for longer-term traders. + +For this particular stock, I will only trade it if we see a push above $10.05 *with strong volume* \- Once we see it push through resistance at $10.05, I will likely enter small & look for $10.50+ next + + +*note\* I have no current position* + +TIA to those that see this & took the time to read my post! + + +I've registered on capital dot com using my documents, traded for quite some time, after a while my dad wanted in so we deposit from his card, where we put HIS name this time as the card owner, after a few days my account got frozen or suspended, that's the only thing they said after I asked how to solve the problem "Please be informed that no third-party deposits are allowed. Only your own credit card or bank account can be used. " + +It's serious money for our family +I'm willing to pay for help +(M26) Done my bachelors degree a 3 yrs ago. Would like to finally get into stock trading. Have a very small little to no idea what sort of thing I am getting into. A friend recommended gave me some study material and asked me to do some research before getting into it. Here I am. + +Also, not sure if I want to deal with cryptocurrency for now. Just normal stock trading would be good. Earning 60k/ Year. +Hello, I am 16 years old and want to get into trading. i cant find a broker account that works in canada without a custodial account. anyone know anything? +There are a number of people with different views on how long it takes and am abit curious of the time required to make a living out of it someday, hopefully. What's your thought on that? Thanks +I’d like to start trading. My goal is to learn as much as I can while I save money from job until 2023. + +I’d like to know how much I should put aside for it as a first time trader. +Please advise, I am not sure if is better to wait until prices go down significantly or not, one never knows if really the crash is coming this year or when. + +Thanks in advance. +Does anyone of you knows if that really exist? I mean, theres some kind of superstition about this, how they moves the market in other way than the rest does, the famous algorithm, etc. I see a lot of people that say that they trade how they does, but non of then works for institutions only they take a course for 2.5k because his "mentor" "knows" how to trade like the big ones. + +So if there are any institutional trader (real) here can you confirm? +Hi! I'm 18yo and want (and am so determined) to start trading but i have NO idea how and where to start. Is there any book, article, subreddit etc. you'd suggest or anything, any advice on how and where to start? + +Also i got a few questions + + +Is it possible to make a living trading stocks? + +Will i be able to have monthly income? + +Can i trade while in college? + +And how long does it take to get the hang of things? +Hi guys, +As I understand it, China is the largest holder of U.S. debt and Japan is 2nd. Japan is already starting to reduce its treasury purchases. If China sells off U.S. treasuries that means the yields will rise and companies across the country will be less inclined to tacking on more debt. This comes at a time when the market is already extremely leveraged AND when the fed’s fund rate is increasing. This will cause cash to dry up in U.S. equities which will slaughter the stock market due to the deleveraging....I’m really not trying to be a contrarian, I’m just wondering if anybody shares this same view? Thanks for the read! +Edit Holy fuck this is real LOL - https://news.gamestop.com/node/18661/html + +🚀🚀🚀🚀🚀🚀 +——————————— + +“SHORT SQUEEZE possible” mentioned in GME 10K! They know what’s to come! + +Wow did anyone see this? A prediction of what’s to come. It’s in the filed 10K! +Thoughts and comments please? + + it's in the 10-K as plain as day. It reads " A "short squeeze" due to a sudden increase in demand for our class A common Stock that largely exceeds supply has led to, and may continue to lead to, extreme price volatility in shares of our Class A common stock. Investors may purchase shares of our Class A common stock to hedge existing exposure or to speculate on the price of our Class A common Stock. Speculation on the price of our Class A common stock may involve long and short exposure. To the extent aggregate short exposure exceeds the number of shares of our Class A common Stock available for our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A common Stock for deliver to lenders of our Class +A common Stock. Those repurchases, may in turn, dramatically increase the price of shares of our Class A common stock until additional shares of our Class A common Stock are available for trading or borrowing. This is often referred to as a "short squeeze." A large proportion of our class a Common Stock ha been and may continue to be traded by short sellers which may increase the likelihood that our Class A Common Stock will be the target of a short squeeze. A short squeeze has led and could continue to lead to volatile price movements in shares of our Class A common Stock that are unrelated or disproportionate to our operating performance or prospects and, once investors purchase the shares of our Class A common Stock necessary to cover their short positions, the price of our Class A Common Stock may rapidly decline. stockholders that purchase shares of our Class A common stock during a short squeeze may lose a significant portion of their investment." +The book makes many interesting arguments, including: + +- Property never increases in value. Property depreciates and needs to be maintained. It is only the land under the house that appreciates. + +- Housing prices have increased roughly 200% since 2000. Record low interest rates have accounted (by his math) for a 72.5% gain in those housing price. (The book is written in the context of Canada). + +- Every homeowner is paying rent. A homeowner pays rent on the money borrowed from a bank (mortgage), and after the mortgage is paid off, there is an implicit rent. Implicit rent referring to the opportunity cost of having, for instance, $500,000 tied up in a house when it could earn you between $1,700 to $2,500 per month. + +I thought this last bullet was interesting and was curious to see if the FI community agrees or feels like he is misrepresenting homeownership. + +P.S. I don't have own a home so I am limited inn my ability to make an informed decision. Also, the book is written with a heavy bias towards renting (the book is called 'The Wealthy Renter') + +Thanks all + +EDIT: Lots of comments and discussions. I like that! + +EDIT 2: To clarify, because this keeps coming up. If you sold your house and invested your $500,000 at a 4.8% RoR, you would make $2,000 per month in income, but you would then pay $2,000 per month in rent. In total, your net gain is $0 per month + +If you owned your house outright, the author is arguing that you're forfeiting the potential income on your $500,000 of equity (i.e. $2,000), but you're not paying rent. In essence, you're paying yourself an implicit rent of $2,000 which also results in a net gain of $0 per month. + +In this case, the determinate on whether it is better to rent is based on whether there is a premium or discount on renting in your city vs home ownership. + +For additional consideration, implicit rent is taxed in Switzerland, so it has been recognized as a legitimate concept by a western government. For full disclosure, they also do have deductions for mortgage payments and other homeowner costs come tax time. +I've halfheartedly typed this out so many times, and closed the page out because I've felt all over the place, or some other ape wrote something similar. But this time, I think it would be appropriate to bring up the topic of war again. + +**So fuck the TLDR. This "endgame" isn't going to be two hours long; it's going to be like the trench fighting of World War I. Read it.** + +"The essence of war is a violent struggle between 2 hostile, independent, irreconcilable will, each trying to impose itself on the other." + +Retail and Apes in this GME saga (to include AMC/BB/etc) truly have nothing to lose, and everything to gain. Drive, passion, and motivation is what is needed to fight off FUD/boredom, and keep this side in play. I don't doubt any of the HODL-lords from January and before. Most of the paper hands jumped outta line once the price hit $300 again, so no worries from that crowd. + +- For those new to the game, read the fucking [GOD TIERED DD.](https://www.reddit.com/r/DDintoGME/comments/mnss65/the_apes_guide_to_the_galaxy_a_compilation_of_dds/) + - Don't get me wrong; dates have been wrong, some shit sounds crazy AF, and somethings sound improbable, but the general thought process is strong. Don't just take my word for it, study the fucking posts and validate the data yourselves. + +[This is the opposition](https://www.youtube.com/watch?v=9cwf-JrrE9g) + - From [u/BetOnThis21](https://www.reddit.com/r/Superstonk/comments/mou8ww/ken_griffin_exposed/) + +GME shareHODLrs may be fighting for a dream, but SHF's are fighting to keep the status quo. They are fighting as hard as they can to NOT lose everything. If you can't weather a day, a week, or even a MONTH of red, **paper hand out**. +I don't mean this in a mean way, I don't mean to sound aggressive, I mean it in all earnesty. + +- The most BASIC, foundational rules of trading? **Never spend what you CAN NOT afford to lose.** If you're panicking because you can't afford for this to go on for any longer? Don't drag down the boat (your mental state), get off and **take care of yourself.** + +That's the bare basics of war. In terms of a crime syndicate? + +- These fuckers literally own everything. You know how characters in a movie have the ability to control the chessboard? These fuckers can literally do that on a level that purely illegal and protected by the media. +- "But they can RUN OUT OF MONEY SOON right? And we win?" **NO. This is over ONLY WIN WHEN THE FUCKING MONEY IS APE AND RETAIL'S BANK ACCOUNTS** + + + +Tunnel vision and herd mentality is fucking bad. Don't see or hear negative news and immediately get butthurt and give into FUD. Pull a Robert Downey Jr in Sherlock Holmes and SLOW THE FUCK DOWN and actually think about what you heard. +Realize, that these SHF's don't just short stocks, but also go long on certain stocks with [DIVIDENDS](https://www.reddit.com/r/DDintoGME/comments/n9jrif/daily_heat_map_of_citadels_long_holdings/). (Thanks u/HODLTheLineMyFriend.) + + - **It means the SHF have a way to kick the can down the road.** + - It means that they'll most likely hit the shareholder's meeting HARD on 6/9 (hehe) to destroy morale. + + +I'm all for the meme. I'm all for the shitposts. I know that the majority of r/superstonk are silent, hardened apes. I know most of the subreddit believes in the DD, and more than likely did their own DD to confirm their beliefs. **I also know that a cornered animal is the most dangerous.** + +- There may be AMC (425M total shares, with a float of 233M) or PLTR (1.8B total shares, a float of 1.2B), but there is ONLY one GME. +- **Be kind to each other. Share information, CONFIRM and VALIDATE said information. Be open to ALL possibilities.** +- **Never give up hope.** + + +Edit 1: Fuck I'm getting old. I had a badasses MySpace, and now I can barely format my own shit on Reddit. + +Edit 2: I got a few DM's accusing me of qanon/destroy hedge fund rallying. Fuck off, I like the stock, and wanna share information that will give others a mentality that will give them the mentality to weather red days on the market AND start to develop their own due diligence/research into stocks they like. +**“Markets are overreacting to short-term sentiment around a whole bunch of complex issues,” Dimon tells Fox Business.** + +**Source:** [**https://www.cnbc.com/2019/01/08/jamie-dimon-says-the-stock-market-overreacted-no-recession-ahead.html**](https://www.cnbc.com/2019/01/08/jamie-dimon-says-the-stock-market-overreacted-no-recession-ahead.html?__source=newsletter%7Ceveningbrief) +Just wanted to post a quick appreciation thread among all the usual questions and news stuff + +Just a side note, be careful of the folks who PM when you post here. I had six different scammers contact me today offering Bitcoin investing opportunities. A real opportunity doesn’t need to market over PMs +Hello long term investors! + +Here is my summary of why i invested in Ethereum 3 years ago + +Egypt: Single Ledger Accounting +Italy, 16th Century: Double Ledger Accounting +Bitcoin, 2013: Triple Ledger Accounting +Ethereum, 2016, Triple Ledger Accounting that can run autonomously + +Thoughts? +This post is not meant as a blanket criticism of dividend funds. It is for informational purposes only and to present the facts. The simulation generates an identical amount of income from DVY and SPY ($15,000 per quarter indexed to inflation). It achieves this from keeping the dividends, and selling shares if necessary. Obviously more shares are sold of SPY because the dividend is lower. + +Starting with 1 mil, by 2021 there is 1.27 million SPY and 820k DVY. The DVY seems likely to deplete at some point. SPY is not quite keeping up with inflation either, but is considerably better. + +The same sim can be run for SCHD vs SPY vs DVY since 2013. SCHD is much more competitive with SPY, but still lags slightly over the life of the fund (second link). + +Remember the simulation generates an equal amount of income from each fund quarterly ($15,000 indexed to inflation). So you could have lived off of the $5,000+ / month for 21 years and still had 1.27 million SPY today, or 820k DVY. ($5000+ because indexed to inflation) + +While historical performance is no guarantee of future success, SPY has outperformed both of these funds while providing the owner with an identical monthly. SPY remained ahead during the 2009 and 2020 bear markets. SPY also already contains many dividend stocks. Dividend funds may have their uses for active traders or those that believe dividend fund performance will improve in the future, or those that want to be "overweight" in dividend stocks because they believe their performance will be better than it has been historically. Dividend funds are also useful for those who don't want to look or think about their investments because they don't require selling shares to generate significant income. But anybody retiring from 2003-2013 would be better off today if they bought SPY, even during the 2009 bear market, and while maintaining an identical level of income ($5k/month) from their investments. + +If one wanted $6000 income/month (18k/quarter) then the DVY would nearly deplete down to 167k. The SPY depletes also, but not as much (438k). + +&#x200B; + +[https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2002&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=5000&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=DVY&allocation1\_1=100&symbol2=SPY&allocation2\_2=100](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2002&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=5000&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=DVY&allocation1_1=100&symbol2=SPY&allocation2_2=100) + +[https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2002&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=15000&inflationAdjusted=true&annualPercentage=0.0&frequency=3&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=DVY&allocation1\_1=100&symbol2=SPY&allocation2\_2=100&symbol3=SCHD&allocation3\_3=100](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2002&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=15000&inflationAdjusted=true&annualPercentage=0.0&frequency=3&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=DVY&allocation1_1=100&symbol2=SPY&allocation2_2=100&symbol3=SCHD&allocation3_3=100) +Hello, I'm new to Dividend investing and have learned much of what I know from a podcast ("The investing for beginners podcast"). That being said I want to broaden my knowledge and get some more perspectives. + +Was wondering what books this subreddit would recommend a beginner to read. So far I've heard I need to read: + +.Rich Dad Poor Dad + +.The Intelligent Investor +So before 2018 I did invested for fun like a noob without looking into stocks. mostly penny stocks...and they all went in drain.... question is your expert personal opinion : Shall I sell them and buy dividends or keep them....I have a feeling they will not come back :( **(feel like \*\*\* though)** + +&#x200B; + +What I bought ? + +&#x200B; + +https://preview.redd.it/8sxsgett01h81.png?width=2266&format=png&auto=webp&s=9a5077f989bfff2b5914121624d48928121556f4 +Hello, I'm new to Dividend investing and have learned much of what I know from a podcast ("The investing for beginners podcast"). That being said I want to broaden my knowledge and get some more perspectives. + +Was wondering what books this subreddit would recommend a beginner to read. So far I've heard I need to read: + +.Rich Dad Poor Dad + +.The Intelligent Investor +Always dreamed of having money to cover crazy trips with friends I’ve been very close with for decades. I finally get that money. Offered to pay for a vacation and they decline. How do you share success without it getting weird? +https://finance.yahoo.com/news/impossible-foods-beyond-meat-meatless-plant-based-burgers-120546838.html + + +“Our company is completely based on science and research,” he told Yahoo Finance in a new interview. “When I founded the company, the most important scientific problem in the world at the time, and still, is understanding what makes meat delicious and crave-able to consumers.” + + +While there are concerns that the burgers are overprocessed because they’re literally created from a test tube, most mass produced animal-based meats are highly processed, as well. Brown himself stopped eating meat more than 45 years ago and adopted an entirely plant-based diet 15 years ago. + + +“The sodium level may be higher than beef from a cow. But if you're on a sodium-restricted diet, you'd have to eat six Impossible Burgers just to get to the level that a person on a limited sodium diet can tolerate. So it is not a high sodium product. It's kind of like, [one kind of] chewing gum may be higher sodium than [another] chewing gum. But it doesn't matter, because both of them are very low,” he explained in an interview with Yahoo Finance. +Miners are what keep the network alive. Regardless of the current situation the network should not be degraded or disconnected for Russian users. + +Russian civilian's don't want a war. It's unlikely Russia government is using the BTC network anyway. + +I too take Ukraine side in this disgusting act by Putin but we must maintain integrity of the Bitcoin network. + +*Edit* + +To clarify it has been reported that some cryptocurrency pools are blocking access to Russia. This is not solely limited to just BTC. + +*Edit 2* + +Just to be clear. I know exactly how the network works. I'm stating freely and clearly that all pools should remain online and active for everyone and not to impose any restrictions as to retain the integrity of crypto currency. + +As a pool owner you should NOT be making choices based of political decisions that may deliberately prevent end users from using the service. +Trying to have my cake and eat it too here :). + +Buying a home. I can easily cash buy (<15% of net worth). These low interest rates makes the math highly favor using a mortgage but waiting 35 days is inconvenient. + +Is there a trick to buying a home cash, then at a later point getting financing against it to reinvest in the stock market (at a similar rate to the sub 3% mortgage financing)? That way we can easily buy / move in and then in a couple months get the benefits of investing in the stock market (at a similar rate to mortgage financing). + +Thanks +Thanks to everyone who helped with our last topic: "Education". + +In continuation of our communal wiki build, today I would like to know: **"What are the best pets and pet resources for low-income people?"** How do you keep your pets healthy and well fed on a budget? Are there any resources everyone should know about? + +As a reminder, I'm **posting a topic on most Tuesdays, Thursdays, and Saturdays and soliciting advice from the community**. I'll take your suggestions and build them into a wiki page for each topic. Once we've built up a foundation we'll go live with the wiki and I'll solicit feedback for additional topics/gaps to fill. + +Check back frequently-- even if you aren't experienced with the current topic there will be some that you can likely contribute to in the future. + +Thanks again for helping improve our community. +I want to preface this post by saying I am a 20 year old living in Australia with limited financial knowledge. + +My situation is that I have been lucky and inherited 65000 dollars from an Irish relative who passed. The money was originally inherited by my uncle in Ireland before he transferred it to my parents where it is sitting in one of their accounts waiting to be given to me. + +I am a university student with a job and I am able to pay for my immediate expenses with the money I earn. I have university debt and I am only half way through my degree. I want to place the money somewhere that I can leave it while I educate myself better about finances and what I want to do with the money. I would like to be able to access the funds though should a situation arise as my situation is not completely stable. + +Right now I feel as though I will likely open a new savings account and place it there. + +I want to know what people here would do in my situation? + +Are there options I am not even aware of? + +Are there any risks I should know about when moving money around? + +What is the best area of finance to educate myself in for the immediate future? + +Thanks in advance and apologies if my post is poorly formatted or naive, I sadly am very inexperienced when it comes to finance. +So let’s talk about debt, specially creative solutions to tackling debt. + +My wife and I are at 200K total debt between three degrees (two bachelors and a masters), no paternal assistance for school, no way to work while there because of collegiate sports at a smaller private school with no scholarship, and living in two metropolitan areas (DC) making only 40K a piece for 8 years. We could barely keep up with day to day living with cash on hand so resorted to some credit cards. Anyways, that’s a brief snapshot of the world we are in..(luckily we are now blessed with good jobs because of the sacrifices we made over those 8 years)...how in the world will we ever get out of this rut? +Hello, +I don’t currently have any background in economics and finance, but I’m looking to start educating myself more. + +I would like some books and resources recommended to get started learning more about the basics in investment, finances, banking, the economy...etc + +I would also appreciate it if someone can provide a learning path. + +Edit: I’m also not US based and have no political inclinations so I’m just looking for general knowledge. +Salutations once again sweet apes, u/possibly6 here with your daily debriefing and price action recap. + +As always, this aint no mothafuckin financial advice, hoe. The views expressed here are solely my approach to investing in this specific equity. I ape an am. + +obligatory. + +Today's DD is gonna be brief, again I personally don't even really watch the ticker anymore. I know what is coming and it's a state of nirvana almost. If you missed my last post, my TLDR was as follows: + +Good price action today on relatively low volume. Using EW theory, I would like to see a retest of 153-155 before making the next leg up to 200+ in the very short term. If you can scoop up shares for sub 200 you're still getting a steal of a price, what goes down (artificially) must go back up! 🚀 + +So today as expected, we **appear** to have completed our mini wave 2 of 5. Remember this is a corrective wave that targets **at least** (key words) a 50% retracement of wave 1. + +&#x200B; + +[elliot waves visualized](https://preview.redd.it/jb7ptderwet61.png?width=299&format=png&auto=webp&s=8c6787f0394ee8b440cbd5a95bddbb10786de579) + +This is my chart view of today: + +[5m view](https://preview.redd.it/znhjjkg0xet61.png?width=2856&format=png&auto=webp&s=818054132d027f945c01aeb4020fbc08e40c342e) + +As you can see, price hit the area as predicted by the purple line I drew yesterday. I also wanted to clarify, in my last post I had the wave 3 as a more or less vertical line. This was just to visualize the price target, and was NOT implying that we would see x price today, so sorry if that confused anyone. + +You could make the argument that an intraday cup and handle is formed, and this would be confirmed by price holding above the low of the day (LOD) + +As long as price doesn't break below today's low, wave 2 is confirmed to be completed and wave 3 is next. Remember, wave 3 is often times the biggest and strongest of the 5 waves. + +Assuming today completed our wave 2 retracement, that puts our wave 3 inside of wave 3 inside of wave 3's first target at roughly 220, the 1.618 extension of wave 1's high of 174.09. + +I found this little cheat sheet on google images so you can visualize EW a bit better. + +&#x200B; + +[cheat sheet 1](https://preview.redd.it/su6rpyrnzet61.png?width=300&format=png&auto=webp&s=482d0b3d1e1c4338954bf26555feaeebce121319) + +We are in between the big wave 2 and 3, between the smaller 2 of 3, between the smaller 2 of 3 (you can't see that on here but you get the idea). hope that makes at least some sense lol. + +[wave 3 should say 3 obviously lol](https://preview.redd.it/k8vtrklqzet61.png?width=980&format=png&auto=webp&s=1796080f571d94901c024bbf1cd57e73b74b1394) + +Not all wave formations are like this but this is the most common. trying to explain makes my head spin uncontrollably. + +If we break below 153 tomorrow, the next level's down to watch are between 148 and 150. as visualized above, wave 2 targets at minimum 50% retracement, though often times it is 61.8% and sometimes 78.6%. + +&#x200B; + +This would change the wave 3 pt to somewhere around 216. Whatever happens, you can bet your ass I'll be buying more. + +last thing to consider: **VOLUME.** Today's volume was a mere 7.8m, whereas yesterday we saw 21m volume. + +&#x200B; + +[Look how low volume bars are ](https://preview.redd.it/8ratjfmk0ft61.png?width=2854&format=png&auto=webp&s=94d8c15ae80b140e527c2ffd539f6d5c447a8f53) + +A catalyst will ignite this and everyone knows it. I dont care when it happens, the longer it is pushed off the more time I get to buy, so can't really complain. + +Burry was years early on his "Big Short," I know you all can stomach waiting a bit longer. + +TLDR: As predicted yesterday, we retraced to the 153 area which looks to be the end of wave 2. Wave 3 first target IF WAVE 2 is not invalidated (a break below 153) is 220. If we break below 153, I am looking for 148-150 for confirmation of the end of wave 2. It costs me nothing to hold shares, unfortunately for short sellers that's not the case. Let them bleed while apes accumulate even more 🚀 + +obligatory 🚀 🚀 🚀 🚀 🚀 + +also lol, look at GameStop's new shirt: + +[jacked. ](https://preview.redd.it/078a1xli1ft61.png?width=2604&format=png&auto=webp&s=e6ebec10fb0e301b156b5bbfb7f91226d9c1e782) +So I’m only started day’s trading end of last week. I bought two stocks, one I bought and sold twice, because I got nervous and didn’t trust myself. Still made a tiny profit but I’m okay with that. I know I am learning. The other stock, didn’t move as much as I thought. Thought about selling it. Then noticed the earnings report comes out on Wednesday. Should I wait for the report or sell beforehand? Thanks in the advanced. +&#x200B; + +https://preview.redd.it/rc6rxwhmz8v91.png?width=1254&format=png&auto=webp&s=859427fa833f277c489a2545a58c7dff6da3f22b + +I'm super stoked to end my week off with $1600. I only had 1 red day and that was on Wednesday, I was -$70. I switched from trading options last week to trading futures only this week. I continuously lost money trying to trade options and relying on indicators. Maybe I've found my niche now, but I'd say a full week of profits is showing me promise for the future (lol). + +17th: $220 + +18th: $522 + +19th: $(71) + +20th: $218 + +21st: $768 + +I just wanted to come here and share that it was all done with zero indicators. That was the best thing I've done in terms of trading. I started learning price action, market behavior, and market trends. I too, lost a lot of money relying on indicators and then was left wondering what I did wrong when I kept losing money. + +&#x200B; + +To anyone losing money, I highly recommend YouTubing price action, market trends & behavior. + +Have a good weekend! Attached is my Tradovate weekly recap. I started with $3500 and only traded 1-2 contracts. +when talking to some people it's amazing how many have just totally shunned the market and stayed out since 2008. A friend I recently spoke to makes good money, is an Engineer and says the market is rigged so he wants no part of it as he says markets can crash and he can lose it all. Another co-worker said he has expenses and just can't afford to invest in the market - guy makes six figures but has a big mortgage and kids expenses. + +Who here stayed out of the market and is willing to admit it LOL? When I mention stayed out I mean had significant amounts in cash rather than investments until the late '17 or later. +Earlier today Moonpaw donated more than $5,000 worth in cryptocurrency to a charity called Hope for Paws [https://www.hopeforpaws.org/](https://www.hopeforpaws.org/), which was chosen by their community on telegram. During their polling they were tweeted by two huge names, check them out below! + +A charity group suggestion by the COO of Shopping . io + +[https://twitter.com/moonpaw\_cc/status/1390869882280026112](https://twitter.com/moonpaw_cc/status/1390869882280026112) + +It was seconded by DOGECOIN's CREATOR! +[https://twitter.com/billym2k/status/1390760092098863118?s=21](https://twitter.com/billym2k/status/1390760092098863118?s=21) + +After all this hype, the devs decided they HAD to donate to the tweeted charity and they will be organising a second stream with another 5,000+ donation to Rocket Dog Rescue. + +>Due to the increase in donations, and the fact that “Rocket Dog Rescue” charity was recommended to us by the creator of Doge coin himself we’ve decided to split the donation between the winner of our poll “Hope for Paws” and “Rocket Dog Rescue”! 🥳 Rocket Dog Rescue is currently trying to organise a donation wallet however we’ve been told it’s unlikely they will be ready for our stream given the very short notice. Hence, we will have a second charity stream for the Rocket Dog Rescue Donation once they’re ready. The good news is Hope for Paws is all set up and we will be donating the first $5,000 in this stream! So drop by and hang out with us - we’re super excited to meet you all! 🤩 + +It has a charity concept very cute and adorable aesthetic that has been successful for other coins, with serious and communicative devs. We will soon see their first donation during a livestream and in 3-4 weeks we will see a comic book made from all of the MoonPal Characters from CatalystVibes' artwork! They are in the process of being listed on CoinGecko and audited too! + +**Please read the info on the token below.** + +>MoonPaw was designed to bridge the gap between content, community and crypto! +Immerse yourself in our unique, digital universe (The Mooniverse) powered by the MoonPaw token. Holders get the opportunity to receive early access to comics, games, merch, NFTs, giveaways and can vote on our monthly donations for wildlife conservation and animal welfare efforts. +Token Information: +Max Supply: 1 Billion +Burned: 500 million +Transaction Fee: 6% +❗️Set Slippage between 7-10% +✅A portion donated to wildlife conservation and animal welfare efforts +✅Liquidity Locked for 1 year +✅Ownership Renounced +✅Website already live +👀Comics, Books and associated NFTs currently in production +Key Links: +🌖🐾 MoonPaw website - [https://moonpaw.cc/](https://moonpaw.cc/) +📣 Socials: +[Telegram](https://t.me/MoonPawToken), [Twitter](https://twitter.com/moonpaw_cc), [Instagram](https://www.instagram.com/moonpaw.cc/), [Subreddit](https://www.reddit.com/r/moonpaw) + +From the Developer - *"So the goal of MoonPaw is to generate multiple streams of content creation for a variety of ages. We have designers working on comics and amazon books as we speak that will hopefully be ready for launch in a month or so. We have also made inroads into our plans to release a mobile game. All of our content and the associated NFTs can be accessed early by holders of MoonPaw for purchase as well. We’re bringing crypto into every day life and forms of entertainment so that there’s seamless integration between the two!* + +*And if we can also give back to wildlife conservation efforts in the process well that’s a bonus! 😊"* + I'm wondering if collecting Social Security at 70 is mandatory in the USA. + +My wife turns 70 this year and I turn 68. I am still working part time so do not collect Social Security yet. + +My wife is eligible for 50% of my Social Security since she does not have the credits to collect her own Social Security. + +It looks like I may be working part time until I turn 70 so I do not want to collect Social Security yet. + +If I and my wife do not start collecting Social Security after she turns 70, does that create any problems? +# Company Overview + +Palantir technologies is an American software company founded in 2003 and headquartered in Colorado that specializes in big data analytics. + +They started building software for the intelligence community in the US to assist in counterterrorism investigations by helping them identify patterns hidden deep within large datasets. + +Later they realized that similarly to the intelligence community, commercial institutions did not have the most effective tools to manage and make sense of the data involved in large projects. + +Palantir has now developed two principal software platforms, Palantir Gotham which serves primarily the intelligence community, and Palantir Foundry for commercial purposes. + +Palantir went public on September 30, 2020 through a direct public offering. The company opened for trading at $10 a share, giving it an initial valuation of about $22B. As of the date of this publishing, Palantir stock is trading at $25.98, with a Market Cap of $44.26B, and 52-w high of $33.50. + +# Understanding the Business + +**Value Proposition** + +Institutions often rely on various single-purpose software solutions which support the specific workflows of their operations such as customer relationship management and financial planning. Each new software creates a new silo within an already fragmented data landscape. + +When it comes to making operational decisions, institutions are left spending significant time and resources to unify their data. By the time the question is answered, the underlying data may be stale. + +A central operating system for data + +Palantir’s software allows institutions to reorganize the various independent data systems that support their operations into a unified data asset which facilitates advanced data analysis, knowledge management, and collaboration. + +Augmenting existing data systems, not displacing + +At a large manufacturer, Palantir does not build machine production ERP software, instead, Palantir’s software connects their production ERP data with other relevant systems. By integrating existing solutions into our central operating system, organizations can choose to maintain key historic investments without having to rebuild their entire data infrastructure. + +Making data actionable + +Gotham and Foundry enable their users to put data in context, using language that people understand. They transform data into objects that make sense to everyone in an organization. Data is represented not as cells in a spreadsheet, or exports from a single system, but as entities, events, relationships, consequences, and decisions. + +Their ontology management systems allow organizations to create their own description of the world, starting from a set of basic components: objects (such as people or events), properties (attributes), and relationships that tie objects together. + +Understand the history of data and decisions + +Palantir’s software tracks each piece of data in the system to its source and records all changes that have been made to a dataset or data object. Users can distinguish between data derived from a source system or data created by another user, and if a dataset has been updated/modified, the user can also identify the fact that the data was updated, the action, and the logic used to perform the update. This allows users to easily explain where the data, logic, and decisions originate. + +Enable users to work together even in the most complex circumstances + +The versioning and branching capabilities of their software enables thousands of users across departments and organizations to work on the same datasets, and actively collaborate on new models and analysis. + +Users can safely branch a view or a dataset into an isolated sandbox where the user is able to build or experiment as they wish and may merge successful experiments back into the main dataset. Each version of a dataset is saved so that it remains protected and available for concurrent access. + +Enforce rigorous and reliable data protection + +Palantir’s software was designed to embrace the complexity of security clearances, institutional boundaries, and varying data sensitivity levels. Organizations are able to secure each piece of information and define the privileges users require to perform a specific action on a specific resource. The central authorization system creates an audit trial of user activity which allows oversight officials to monitor behavior, identify potential violations, and investigate anomalies. + +AI/ML and operational change through data-driven decisions + +Their software infrastructure also enables organizations to combine simple math, third-party black box models, and machine trained models of the different components of their businesses in a graph made up of nodes (for example, each node can be a manufacturing unit and distribution site in a supply chain) where each model can describe the properties of a node, resulting in an interactive digital simulation of an entire supply chain. + +The AI/ML interface surfaces critical information about models, including plots, validation statistics, model stages, parameters and metadata. + +**Revenue Streams** + +Palantir’s revenue streams consists of their two main software, Gotham which was designed primarily for the defense and intelligence sectors, and Foundry for the commercial sector. However, the platforms are not exclusive to either sector, for example, Gotham is also offered to commercial customers in the financial services industry. The two platforms can either be used separately or bundled together as a single ecosystem. + +Currently, revenue is more or less evenly split between the government and commercial sector. + +It is important to note that for the government sector Palantir has to participate through a procurement process against other contractors who also sell custom tools. + +Gotham + +Its main tools include: + +Graph – a whiteboard like interface for users to explore, visualize, and interact with entities, their properties and their networks. Users can create or edit data in the graph and resolve duplicate objects to ensure robust data quality. + +Gaia – lets users plan, execute, and report on operations via a shared live map. Live maps track real-time data and users drag and drop objects from other Gotham applications directly into Gaia. + +Dossier – is a live collaboration document editor to share analysis and discover intelligence. Users can collaborate across teams and organizations to create a living, interactive, and up-to-date document. + +Video – an application designed to interact with both streaming and historical video data. Users can review video footage in the platform as well as enhance raw footage with geospatial information and overlays based on other data sources. + +Ava – an AI system which scans billions of data points in order to proactively assist investigations by alerting users to new, hard-to-find potential connections. + +Mobile – brings Gotham into the field via mobile devices to provide support to real-time, distributed operations. + +Foundry + +Monocle – enables users to understand data lineage using a graphical interface. Users can explore upstream dependencies or downstream consumers of data, as well as trace logic for a dataset back to its source. + +Contour – enables top down exploration of large-scale data. Users may filter, join, and visualize datasets to answer analytical questions and publish the results as a report or new dataset that will automatically update with the underlying datasets. + +Object Explorer – allows users to interact with data represented as objects – like customers, equipment, or plants – rather than rows in a table. + +Fusion – Foundry’s spreadsheet environment. + +Reports – allows users to publish their work from other applications in a document that dynamically updates as the underlying data changes. + +I strongly suggest watching [Palantir’s demo day](https://palantir.events/livedemoday) on January 26 to gain a better understanding of the tools provided by both software. + +Palantir’s Software Example Use Cases + +* Humanitarian workers plan disaster relief missions following a natural disaster. +* Investigators receive alerts about open cases when new data about a suspect enters any system. +* Automotive plant engineers detect defects at their station while vehicles are still on assembly line. +* District attorney map out complex criminal networks in order to decide where to focus resources. +* Scientists use a unified view of cancer patients to personalize care. + +# Industry + +**Market Size** + +As of Q3 2020 Palantir had 132 customers across 36 industries around the world. + +Currently, according to Palantir’s own estimates the Total Addressable Market (TAM) for their software across the commercial and government sectors around the world is approximately $119B. The TAM for the government sector is $63B and for the commercial sector $56B. Within the government TAM, $37B is international and $26B is domestic. + +According to [Statista’s market forecast](https://www.statista.com/outlook/14000/100/software/worldwide) revenue in the software market is expected to grow at an annual growth rate of 7.4% between 2021 and 2025. + +**Industry Fundamentals** + +Embrace digital transformation or risk getting disrupted + +It has become evident that companies which embrace digital transformation persist, while businesses that fail to transform or transform too late will disappear. According to a [Harvard Business Review report](https://hbr.org/sponsored/2017/07/digital-transformation-is-racing-ahead-and-no-industry-is-immune-2) digital disruption extinguished 52% of Fortune 500 companies between 2000 and 2017. + +We have repeatedly seen that pathbreaking institutions that use data to transform their core operations are the ones that win. + +Buy or Build + +Institutions often resort to the default approach of attempting to build a custom solution themselves. However, according to a recent [report by The Standish Group](https://www.standishgroup.com/about), of 50,000 custom software projects from more than a 1,000 organizations, only 23% that were started from scratch were completed on time and on budget, while 56% of all projects were either overdue or over budget. Additionally, only 12% of organization-wide digital transformation projects were considered successful. + +Additionally, according to the [NewVantage Partners 2020 Big Data and AI Executive Survey](https://www.businesswire.com/news/home/20200106005280/en/NewVantage-Partners-Releases-2020-Big-Data-and-AI-Executive-Survey), business adoption of Big Data continues to be a struggle, with 73.4% of firms citing this as an ongoing challenge. + +Palantir provides the example of a U.S. Military department which spent more than $1 billion building an enterprise resource planning system from scratch. The system was never delivered, and the project was terminated. + +Crisis & Instability + +A [survey from AppDynamics](https://www.appdynamics.com/blog/news/agents-of-transformation-report-2020/) reports that 71% of IT professionals said COVID-19 has caused their businesses to implement digital transformation projects within weeks rather than the typical months or years, and 65% of respondents said they implemented digital transformation projects during the pandemic that had been previously dismissed. + +# Competitive Landscape & Risks + +**Competition** + +Palantir’s main competitors include: + +Internal software development – At first, organizations frequently attempt to build their own data platforms with the help of consultants, IT services companies, packaged and open-source software, and sizable internal IT resources. + +And two software companies with very similar business models: + +[Alteryx](https://www.alteryx.com/) – founded 23 years ago and based in California, Alteryx is a public company with FY 2019 revenues of $418M and more than 1,290 employees. Alteryx is focused on providing solutions to the commercial sector and as of 2019 they had approximately 6,100 customers in more than 90 countries. Amongst their main customers are Chevron Corporation, Federal National Mortgage Association, Nasdaq Inc, Netflix, salesforce.com, Toyota, Twitter, and Uber Technologies. + +[Semantic AI](https://www.semantic-ai.com/company) – is a privately-held software firm based in California, Semantic AI was founded in 2001 and after 9/11 it was used as “platform by choice” by the intelligence community. Similar to Palantir, they have gained significant adoption in the Defense and Law Enforcement communities and have recently launched their enterprise intelligence platform. + +**Competitive Strategy** + +Customer acquisition + +Palantir’s customer acquisition strategy targets large-scale, hard-to-execute opportunities at large government and commercial institutions. The high installation costs, high failure risks, complexity of data environments, and the long sales cycle associated with these opportunities raise the barriers to entry for competition. + +Additionally, in the first phase of Palantir’s customer acquisition strategy, they provide minimal risk to their customers through short-term pilot deployments of their software at no or low cost to them. As the customer increases the usage of the platform across its operations, Palantir’s revenue and margins grow significantly. + +Software engineers on the front line + +In order to fully address the most complex challenges of their customers, Palantir sends their Forward Deployed Engineers (FDEs), in order to experience and understand the problem firsthand. By working alongside their customers, FDEs gain a deep understanding of their needs, how and why they make decisions, and how they calculate trade-offs. + +Leverage experience in both private and public sector + +To the commercial sector, Palantir offers software which was designed to be secure enough to handle national secrets and stable enough to support soldiers’ wartime decisions. To the government sector, they offer software which incorporates and reflects Palantir’s experience of working across 36 industries and years spent in the field. + +Palantir’s strategic relationships last for years + +By the end of 2019, Palantir’s top 20 customers had an average relationship of 6.6 years. + +Palantir has chosen sides + +Their software is exclusively available to the United States and its allies in Europe and around the world. + +**Growth Strategy** + +Become the industry default + +Palantir’s current and potential customers are some of the largest enterprise in the world. They intend to broaden the platform’s reach through partnerships that establish their platforms as the central operating system for entire industries. + +This model has been successfully implemented in the aviation industry where, through its partnership with Airbus, work with more than a 100 airlines and 15 airline suppliers. + +Continue to grow their direct sales force + +Palantir’s decision to grow their sales force in recent years has resulted in a number of significant new customers, including Fortune 100 companies as well as a number of leading government agencies in the U.S. and other countries. + +Increase their reach with existing customers + +To drive revenue growth at an account, Palantir uses a number of sales and marketing strategies which include: + +* Creating partnerships to extend the platform beyond the customer’s four walls into the operations of their partners and suppliers +* Selling additional productized cross-industry software capabilities +* Selling strategic implementations of Palantir’s software against specific use cases + +For Q3 2020 Palantir’s average revenue per customer had increased 38% compared to the same period last year. + +Become the default operating system for the U.S. government + +Palantir’s software has been tested and improved over years of use across industries and various government agencies in the U.S. who have been able to deploy Palantir’s platforms rapidly with minor configurations. + +Palantir already works with government agencies such as the U.S. Army, Navy, and Airforce, CDC, Department of Homeland Security, FDA, and SEC. + +New methods of customer acquisition and partnership + +As Palantir considers growing into new markets outside the U.S., they may consider entering into partnerships with strategic organizations that operate in their target market. + +For example, in Japan they launched a partnership with SOMPO Holdings, Inc.. one of the largest insurance companies in the country, to help grow their commercial and government business in the Japanese market. + +**Moats** + +R&D expenditure + +Since 2008 and up to 2019, they have invested a total of $1.5B in research and development. + +Network effects + +Every data source that is integrated to the system, and every action taken by a developer, data scientist, or operational user, is made accessible to all other users at the institution. + +At a financial services customer, network effects enabled Palantir’s software to scale from a single use case to more than 70 workstreams across compliance, front office, risk, and internal audit desks. Each new application was built on a shared foundation of integrated systems, user groups, and existing applications. + +Additionally, each customer on their platform generates network effects. Palantir can leverage the knowledge acquired and capabilities developed for a customer within a specific industry and incorporate it into the platform for the benefit of all customers across industries. For example, capabilities of Palantir’s platform that were originally developed to help optimize production of crude oil, has been adapted by manufacturers of medical equipment to optimize supply chains. + +In addition to supporting individual institutions, Palantir’s platforms have the capacity to become the central operating system for entire industries and sectors. + +Regulation + +Section 2377 of the Federal Acquisition Streamlining Act (“FASA”) requires the U.S. government to first consider readily available commercial items before pursuing acquisition of custom developed items. Palantir’s software is a commercial item within the meaning of the law. A custom government solution built by a consulting company, is not. + +In 2016, Palantir won a lawsuit against the Army, challenging its decision to pursue a software development contract for the replacement of its battlefield intelligence system. In 2018, the ruling was upheld, and the US Court of Appeals ordered the Army to consider existing commercially available products. After testing real products, the Army selected Palantir’s software to deploy tactical units across the force. + +**Other Relevant Risks** + +Privacy and civil liberties + +Palantir is not in the business of collecting, mining, or selling data. They build software platforms that enable customers to integrate their own data – data they already have. Palantir claims to be committed to ensuring their software is effective as possible while preserving individuals’ fundamental rights to privacy and civil liberties. + +Customer concentration + +For the 9 months ended September 2020, Palantir’s top 3 customers accounted for 27% of their revenue. + +# Financial Summary + +**Proforma Balance Sheet** + +[https://postimg.cc/ykzC91FN](https://postimg.cc/ykzC91FN) + +**Income Statement** + +[https://postimg.cc/yD1qQLp4](https://postimg.cc/yD1qQLp4) + +Palantir’s revenue has had a CAGR of 68.8% since inception, and 27.6% for the last three years. + +For the 9 months ended September 2020 compared to the same period last year: + +* Revenue of the government sector increased by $177M (73%), of the increase 84% was from existing customers. +* Revenue of the commercial sector increased by $80M (30%). +* COGS, Sales and Marketing, R&D, and SG&A expense increases consist primarily of an increase in stock-based compensation expense primarily due to recognition of cumulative stock-based compensation expense upon the Direct Listing related to the company’s restricted stock units. The increase was partially offset by a decrease in traveling expense related to the COVID-19 pandemic. + +Palantir uses a Contribution Margin as a key business metric to evaluate their financial performance, which has improved consistently over the last 4 quarters. In short, by achieving a higher contribution margin, the increase in revenue required for Palantir to break-even is smaller. + +**Proforma Cashflow Statement** + +[https://postimg.cc/64CsSgNw](https://postimg.cc/64CsSgNw) + +For the 9 months ended September 2020: + +Net cash provided by financing activities consist primarily of proceeds from the issuance of common stock + +# Investment Decision + +**Valuation Results** + +[https://postimg.cc/kBF3v0cv](https://postimg.cc/kBF3v0cv) + +The result of my [Valuation Model](https://docs.google.com/spreadsheets/d/1zMy8dkNFib7h-FkFtPZMf9bhH8DjE3XKf5t-HB_c5eY/edit?usp=sharing) indicate a **Value of Equity per share of $28.38** + +Mayor assumptions of the valuation model include: + +* By 2031, Palantir will gain 6% Market Share of a $119B market that grows 7.4% annually. This implies Palantir’s revenue will grow at a CAGR of 30% for 10 years. +* Palantir will achieve US GAAP operating margins of 23% by 2031. +* Terminal year growth rate of 5% and WACC of 7.5% after reaching a Beta of 1.0. +* Risk free rate of 2.5% and Equity Risk Premium of 5.5% + +Follow the link to view the valuation model, it include references to all assumptions. Please feel free to download it, play with it, and share your conclusions. + +**Investment Decision** + +I believe that at its current price PLTR is a buy opportunity for the following reasons: + +* The model’s revenue and margin growth assumptions are achievable and likely to be exceeded if PLTR successfully executes their growth strategies. +* The industry is driven by strong fundamentals, organizations that do not embrace digital transformation and big data will cease to exist. +* Even though Palantir’s moat is currently narrow, it could expand significantly if they are successful in establishing their software as a central operating system for various industries. +EOS will be extremely centralised. 21 nodes is a paltry sum. Non-full-nodes will not have any way to do lightweight verification, thus multiplying its degree of centralisation. + +On top of all of this, the 21 full nodes will be delegates, which are voted in. By necessity, this turns consensus into a political process instead of an automated one. One of the practical effects of this is that the delegate nodes will be known/trusted third parties. + +To sum up, EOS will be a trusted third party based ledger. Eliminating the need for trusted third parties was the great breakthrough that Satoshi made in inventing the PoW blockchain, and which Ethereum is putting all this work into to try to replicate with Proof of Stake. + +TTP-based ledgers do not have the high assurance of immutability of permissionless Byzantine fault tolerant ones like Ethereum. Therefore, they're not as attractive for new projects as a platform to launch on. + + +EOS is more like an attempt to create an evolved version of the traditional centralized server-client architecture rather than an attempt to introduce a paradigm shift like Ethereum. + +...in a couple of days/weeks the ETC free money hype wil settle down. +There are No devs, No Dapps, No roadmap. +Let these guys have their 15 minutes/days of fame. +ETC is going nowhere, it is "immutable" until the first major fuck up... +ETH/ETC is way beyond BTC and because of this advanced tech ETH/ETC will fuck up again, +just like Tesla, I would be scared shitless if Tesla/Apple/BMW/Google/ would not hard fork because "code is law" all blockchains will eventually be governed by users, because "code is human" +TLDR: +The battle between BTC vs BCH will weaken both coins creating strength in support for ETH resulting in flippening and beyond. Some charts at the bottom. + + +I can already feel people getting upset at the "For Now" part of the title, which is great, normally emotions aren't good for trading however having a strong community is an incredibly important piece of a coins success so let me assure you I'm not forecasting any negativity towards the future of Ethereum, I'm just keeping an open mind and making decisions based on the information I have at this time and at this very moment it seems ETH is the best bet. + +I suspect in 2018 that not only will the flippening occur but in the mid range future Ethereum will be competing to be the most expensive coin in crypto. + +I have cashed in all my Bitcoin for Ethereum for a few reasons which I'll mention but the main reason is that BCH isn't going away. This will be a long battle filled with FUD, lies, attacks and smear campaigns on television which has already started with Roger Ver on CNBC recently. This was expected but wasn't expected was a $568 billion dollars coming into crypto in 2017, a whopping 3200% market cap increase. + +That's a lot of new money and new people coming into the crypto community and the majority of them haven't found a home yet. This new money is what Roger Ver will be targeting, these people will be listening to the smear campaigns and FUD and a lot of them will become BCH enthusiasts. As more and more people start buying BCH, more and more BTC owners will start to (secretly most likely) start buying BCH to hedge resulting in a legitimate war for "top Bitcoin" for lack of a better phrase. + +Now you might be asking what does this have to do with Ethereum? Well, I also believe A lot of BTC people like myself will start to see the writing on the wall and realize that they are more investors than BTC maximalists and will also be looking to hedge but would never invest in BCH. Thats where Ethereum comes into play. A lot of people here seem to get frustrated that ETH follows BTC and are waiting for the moment that it breaks away from BTC correlation. Ironically, I think the correlation with BTC will be a big factor in breaking away. Why hedge with BCH and wait for one to win when you can just go all in with Ethereum and not have to pick the "right coin" so to speak? + +People will be jumping ship and hedging for a while until they realize its just easier to stay in ETH. Its fast, its cheap and its decentralized, its what both BTC and BCH want to be but aren't. As soon as people start to realize this and ETH starts to pull away, the majority will follow suit. ETH will become every the majority of investors main coin. Alt charts will start to become traded against Ethereum instead on BTC because people are using ETH to buy alts anyways because BTC is too slow and expensive to send to exchanges. And by the end of 2018 (prob sooner, my guess is summer) ETH will be the first coin you see at the top of the list when you open coinmarketcap.com. I also believe ETH will be close to being the most expensive coin at one point due to fomo but will fall soon after but still holding the highest market cap. + +Other Reasons To Be Bullish For ETH: + +-Coinbase/Gdax: +It is very obvious Brian Armstrong sold his Bitcoin and is highly invested in ETH along with other alts and is aiding in the attack on BTC. (Not adding segwit, supporting BCH and 2x, calling gdax an Ethereum exchange etc etc) + +-Community and Fundamentals: +The ETH community is strong and enthusiastic (just spelling Ethireeum wrong is enough for some backlash on twitter and message boards) and has also experienced major crashes without bailing. They are supportive of changes and upgrades which leads to better fundamentals, development and innovation. (I won't go into details with fundamentals because there is a lot and there are people who are much more knowledgeable on this than me who have posted great stuff in this subreddit) + +-TA: +ETH against BTC just broke out of a massive falling wedge on the monthly and just bounce off long term support. The last two winters Eth has broke out against BTC, its looking like history is repeating itself once again. + +https://www.tradingview.com/chart/ETHBTC/rQJlUwr7-Ether-Falling-Wedge/ +https://www.tradingview.com/chart/ETHBTC/iaFColnp-Multi-Year-3-Drives-Could-Bring-ETH-to-0-5-in-2018/ +https://pbs.twimg.com/media/DQ6Es8RW0AAD3tV.jpg + + +TLDR: +The battle between BTC vs BCH will weaken both coins creating strength in support for ETH resulting in flippening and beyond. + + +EDIT: +These are not my charts and it’s hard to see the creator names. Credit to zippy1day on trading view, @CarpeNoctom, @VentureCoinist (listed in order of links up top) +*TL;DR since some are overlooking the main point: The subreddit's purpose was never anything other than a wide-open door for anyone who felt this would be a better fit than personalfinance.* + +After yet another debt-free pic-post has made the natives restless, I'm seeing a lot of definitive statements about why this subreddit was created and who is meant to post here. I live in poverty, advocate for those who live in poverty, and some of my freelance work revolves around poverty-related topics, so I thought I'd offer my uninvited opinion in the form of a post instead of a smattering of comments here and there. + +As I said in a recent comment, poverty has a very real, very visceral, and very painful meaning. I was part of some of the early Discord discussions about how to shape this subreddit; I was very critical of the casual use of the word "poverty" even though I supported an inclusive setup. Poverty can mean more than literal financial poverty, but its primary meaning *is* an inability to sustain sufficient resources for basic needs. + +I cautioned the then-nascent mod team that extremely downtrodden people who might be dealing with a host of traumatic experiences were going to flock to the name of the subreddit. Not having a strong understanding of chronic, classically defined economic poverty would mean they wouldn't be able to recognize stigmatizing tropes and gaps between the stated intent and the practical application of the guidelines and rules. + +In that more recent comment, I also said that those who gravitate towards this sub because they see the name and take it literally seem to feel that a more casual appropriation of the word 'poverty' further marginalizes their experience. Since their existence is already largely marginalized and maligned and lacking in organized community-led outlets, it breeds resentment. + +It's somewhat akin to people going, "lol, I'm so OCD" because they're really bothered by bathroom tiles that aren't lined up symmetrically--as opposed to clinical OCD, where a person can't leave the house until they've touched one specific bathroom tile a set amount of times, and get caught in a loop of repeating the cycle because they're just not sure they touched the tile the *right* way the right amount of times. + +**I say all of this to say, to both the people who live near or below the poverty line and those who deal with an overburdened budget--leave your expectations and assumptions at the door. I've seen a range of comments, like "only actually poor people should post here" to "it's not for actually poor people, it's for working class" and "the name is tongue-in-cheek". With the original intent being so widely defined and the evolution of the community so unstructured, neither side of this very real dividing line is going to be best served by assuming the subreddit is *ACKshually* meant for one sort of income level or another. It was never anything other than a wide-open door for anyone who felt this would be a better fit than personalfinance.** (edited to embolden, since this point is already being overlooked) + +For my peeps precariously rocking it on the no-to-low-to-fixed income side of the federally defined poverty line--we have to create the content we want to see. It's not easy. I'm personally struggling to make a post about how I created a really useful spreadsheet to monitor my welfare eligibility as my income increases (complete with conditional formatting for green-means-good and red-means-eligibility-lost indicators), but it's a divisive idea. While I'm scrappy, that topic brings out some really ugly hate and toxic comments which shakes my faith in humanity and sends my anxiety through the roof. + +For those who identify with the word "poverty" but don't fit classical definitions of such--I'm not saying you're not struggling or that your struggles and successes aren't important and shouldn't be shared here, I'm just saying that it is really frustrating for a lot of users to be in a subreddit called "povertyfinance" and see content that's not very relevant to or entirely disconnected from literal financial poverty. + +And for the love of rising credit scores, post context first and debt-free pics later. +Jim Cramer has made 21,609 stock picks in the past 5 years! Let that sink in for a moment. Here is one person, making buy/sell/hold recommendations on more than 2,200+ different stocks across all types of industries. On average, he was making more than 20 picks per episode of his show \[1\]. This is a staggering number of picks to be made by one person! \[2\] + +While we can all argue about his expertise in making recommendations on such a wide array of industries and companies, what I wanted to know was: + +1. **How accurate were his recommendations?** +2. **Would you have made or lost money if you followed them?** +3. **Can you beat the market following his picks?** + +So it’s high time that we put Cramer to the ultimate test and end the debate about his usefulness once and for all! + +https://preview.redd.it/xethcdd2fv981.png?width=1728&format=png&auto=webp&s=17c64b3059d57df22d9468b0803fd781f12b5e18 + +**Analysis** + +The data about all the stock picks made by Cramer are available [here](https://madmoney.thestreet.com/screener/index.cfm) \[3\]. The picks are classified into five segments (Buy, Hold, Sell, Positive/Negative mention). I have calculated the return for each segment separately \[4\] so that we can know what to focus on if we are trying to replicate this strategy. + +Since Cramer frequently contradicts his own picks and is mainly focused on short-term trades, I am only analyzing the stock returns for the following periods \[5\]. + +a. One-day + +b. One-Week + +c. One-Month + +Given that Mad Money (Cramer’s Show) airs after the market closes, I have used the opening price of the next day for my calculations. (I.e If Cramer makes a recommendation on Thursday night, I use Friday opening price as the base for my calculations) + +All the data used in the calculations are shared at the end. + +https://preview.redd.it/0x2ikwd2fv981.png?width=1728&format=png&auto=webp&s=3d2fb94ba1af493740362bb939e13743b8160237 + +**Results** + +https://preview.redd.it/7mbvwrh4fv981.png?width=775&format=png&auto=webp&s=ba4edaf25fc2287a0b5700540e989b8662b43bd1 + +1-day performance of Cramer’s recommendations is excellent! On average, the Buy and Positive mention stocks went up by 0.03 and 0.05% respectively, and sell and negative mention stocks went down by 0.1 and 0.02%. + +Another interesting fact is that ***you would not have lost money*** if you followed Cramer’s Buy recommendations. Across the time periods, his Buy recommendations have on average netted you positive returns \[6\]! + +His sell recommendations did not pan out so well. Even though they dropped in price the next day, over the next week and month, they returned inline or even better than his buy recommendations! + +Given that there is a counter-intuitive trend in the returns, let’s calculate the accuracy of his calls. + +https://preview.redd.it/u24my9f5fv981.png?width=792&format=png&auto=webp&s=7070ae9b8f8db4cf3c95430b67c8fa68c03c605b + +Here I am assigning a call as correct based on price change. If he gives a buy recommendation, I expect the price to go up and vice versa. As we can see from the chart above, his recommendations only do slightly better than a coin-toss. Even this only holds for short-term and buy recommendations with long-term sell recommendation performance dropping below 50% \[7\]. + +While this narrow edge over the 50% mark can be used by algo-traders who have the ability to trade a large amount of stocks, if you are an average investor listening in on a Cramer show and hear about a stock recommendation, you might as well toss a coin to see if you should invest or not! + +Finally, it’s time we pit **Cramer against the market**. Do his recommendations beat the market? + +https://preview.redd.it/4jy8xsb6fv981.png?width=1020&format=png&auto=webp&s=7c73cc998f6e0a5d96e779f28f14a2936f66d273 + +Oh yeah! I was as surprised with the results as you are. I ran the numbers again and then one more time but got the exact same result! Cramer’s Buy recommendations beat the S&P 500 by a factor of 10 for the **one-day time frame**. But, if you held the stocks for anytime longer, you would have underperformed the market significantly. + +Before you go daytrade on his recommendations you should know that the numbers we are seeing here are heavily influenced by outliers. If you miss out on the top 1% of recommendations (\~110 stocks out of the 11,000+ buy recommendations he had made), your **1-day return would be -0.062% instead of +0.034** \[8\]. + +https://preview.redd.it/eo50hed2fv981.png?width=1728&format=png&auto=webp&s=60eaa0b7f347eb28a0606aa25c7436b83fa78fb5 + +**Limitations of the analysis** + +The analysis has some limitations that you should be aware of before trying to replicate the strategy. + +1. As the astute among you might have noticed, if you sum up all the stocks used in the analysis it would only come to 18.5k. I removed \~15% of the overall recommendations as either they did not have stock data present in Yahoo Finance/Alpha Vantage or the price data did not match with the one given on the Mad Money website. +2. The data is obtained from the Mad Money website itself. I haven’t manually verified if the calls recorded on the website are in fact an accurate representation of the calls made by Cramer in his show. The below statement is given in their description and I am taking them on their word. + +>We are impartial in our recording and simply log exactly what was said. We do not interpret the calls. If a call is vague or in question we simply won't list it. + +https://preview.redd.it/l5cfhxd2fv981.png?width=1728&format=png&auto=webp&s=5669a311e8067cff01cd4ad304386f059914c610 + +**Conclusion** + +No matter the public opinion on Cramer, we can generate excellent 1-day returns following his buy recommendations (even beating the market in doing so!). Whether it’s due to his superior stock picking ability or whether it’s simply due to self-fulfilling prophecy \[9\] (as he has a wide audience who will act on his advice) is yet to be known. + +I would bet on the latter as, if the extraordinary one-day returns were in fact due to his superior stock-picking ability, the returns should have held over longer time periods, and also his sell recommendations would not have ended up performing better than his buy recommendations as we are observing here. + +It only makes sense to listen to his advice if you are a day-trader or an algo-trader who is trading a large variety of stocks over short periods of time. For everyone else, just sticking to the S&P 500 would give you better returns over the long run! + +https://preview.redd.it/kaentre2fv981.png?width=1728&format=png&auto=webp&s=ada384d17d797e772764aadd748b11006834625d + +**Data** + +Excel file containing all the Recommendations and Financial data: [**Here**](https://docs.google.com/spreadsheets/d/1d0mooS_qsfePXChEDq2IDov_of_TFvD1/edit?usp=sharing&ouid=111668650548288730122&rtpof=true&sd=true) + +**Live tracker** containing the performance of Cramer’s 2021 picks: [**Here**](https://rows.com/market-sentiment/my-spreadsheets/untitled-spreadsheet-3-5C58Ix9kx1ixB0cM52DWZi/live) \[10\] (I will be updating this file regularly so that you can see his performance in real-time whenever you want to!) + +https://preview.redd.it/u6t0u7f2fv981.png?width=1728&format=png&auto=webp&s=b277de02f04341e0da7a1d5add24555aa8dac12e + +**More Interesting Reads** + +From this week onwards, I am including one or two blogs or articles I really enjoy and hopefully, you can discover new and interesting content! + +[**More to that**](https://moretothat.com/)**:** This is by an illustrator called Lawrence Yeo who breaks down really complicated topics into easy to read articles with fun illustrations. [**The Nothingness of Money**](https://moretothat.com/the-nothingness-of-money/) was one of the best articles I have read last year and if you reading just one article this year, it should be this one (oh, I know this is [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/), but you are going to love this one)! + +[**Econometrics**](https://ecoinometrics.substack.com/)**:** If you like the charts I make, you are going to love Econometrics. They present long-term perspective about how digital assets are shaping financial markets with the help of really interesting infographics. [To buy or not to buy](https://ecoinometrics.substack.com/p/ecoinometrics-to-buy-or-not-to-buy) was an excellent article about what is the right time to buy into a dip. The chart below showcases their ability in data visualization and breaking down complex ideas! + +https://preview.redd.it/wcddkz1nfv981.png?width=733&format=png&auto=webp&s=14e801f18b2bd62c4b345b2514e1172e4bd65e1f + +https://preview.redd.it/wnci28g2fv981.png?width=1728&format=png&auto=webp&s=426895ca97fdc8c7bcecde231480de5318237712 + +**Footnotes and existing research** + +**\[1\]** For those who don’t know, Cramer makes his picks in a CNBC show called [Mad Money](https://en.wikipedia.org/wiki/Mad_Money). Cramer himself defines the show as something which should be used for speculative/high-risk investing and not for your retirement portfolio. + +**\[2\]** For comparison purposes, an equity research analyst [covers only 10-25 companies](https://whatforwork.com/jobs/equity-research-analyst-sell-side/). + +**\[3\]** It’s not in an easily usable format. I had to parse the data from the webpage using Python (Beautiful Soup) - I have shared all the data used in this analysis as an Excel and Rows file at the end. + +**\[4\]** I did not calculate for Hold as he only made 27 hold recommendations, which is lower than what is required for a statistical significance. + +**\[5\]** In my [last post about Jim Cramer](https://old.reddit.com/r/wallstreetbets/comments/mtehdq/i_analyzed_all_700_buy_and_sell_recommendations/), there was a lot of controversy around how I calculated the time period. So here is the detailed version about how the time period is considered. For One-Day returns, we are considering that we will purchase the stock the next trading day after the market opens and then sells it at the end of the trading day. For weekly and monthly returns, I am using adjusted closing price since across a week or month there can be stock splits as well as dividends. + +**\[6\]** This can also be attributed to the market rally we have experienced over the last 5 years where a large majority of stocks went up. + +**\[7\]** 50% benchmark might be controversial with a lot of you (I agree given that if we are in a bull market there is more than a 50-50 chance of a stock going up tomorrow) → My rationale here is standing today looking at a stock, there are only two things that can happen tomorrow. It can either go up or go down. I assign equal probability to both given anything can happen tomorrow. The market can turn bearish, positive or negative news about the company can come up, etc. If you have a better logic for a benchmark, please do suggest! + +**\[8\]** But to be fair to Cramer, this is applicable to all types of Investment strategies and hedge funds! The performance of a few of the stocks in your portfolio will finally end up heavily influencing the returns of your overall portfolio. → Think of Tesla incase of ARK and FAANG in case of S&P 500. + +**\[9\]** There is some [existing research](https://scholarship.tricolib.brynmawr.edu/handle/10066/588) that deep dives into this topic. + +**\[10\]** Since it’s a live tracker using data from Alpha Vantage, the calculation is done slightly differently than in the analysis (in the live tracker I had to use the closing price on the day of recommendation instead of the opening price of the next day). I will be updating it to follow the same process as the analysis as soon as I get info from Alpha Vantage. +Is any of this money mine? If I wanted to take some out is that possible? Is so, how much? + +I don't know anything about stocks. + + + +Thanks. + + +Edit: wow this got way more replies than I was expecting. Thanks everyone for taking the time to explain this to me. I got a lot of really great answers. +Hi all! Purposefully leaving some details blurry for privacy reasons. + +**THE PROPERTY:** +Property is a 4-plex with 3 more detached units withOUT a kitchen/sink. Total of 7 living units but I believe only 4 (the original 4-plex in the lot) have kitchens/sinks. It is located in the **US in a very remote but also very touristy location.** Average tourist day tour in said location is about $500/day/person for a kayak/boat/fishing/flying trip. It is expensive to get here so the people that do get here tend to have money. Aside from tourists, the town itself is small. All 7 units in the property are 2-bed 1-bath and are rented by the entire apartment for $400/night during the summer season (May-September) and for $100/night for the Winter season (October-April.) 2021 revenue will be \~ $200k. Maintenance costs are about $10k/yr. + +**OWNER & WHY THEY ARE SELLING SUCH A CASH COW:** +Owner is very close to retirement age. Has owned the place for 5 years, when they built the other 3 units aside from the original fourplex. Owner is not from here and their cancer has now returned for the 3rd time. With their first grandchild being born several states away, they no longer want to deal with the property. Want to move somewhere less remote with good hospitals nearby. They waited one last summer to rake it in, and are now ready to cash out, sell, and move far away. + +**ME AS AN INVESTOR** +I'm a noob. The property is expensive and more than I would qualify on my salary alone. As such, looking into buying this property with my boyfriend as my legal partner. We both make about $150k+/yr each for a total income of $300k+ (my compensation can go even higher based on commission, his can go even higher based on overtime.) I recently bought a 4-plex in another state that'll bring in about $30k/yr so I'm an owner-occupied FHA there. My partner hasn't bought anything ever. We both have no debt. + + +**QUESTIONS** +If the $200k/yr revenue is true, this seems like the deal of a lifetime. Mortgage would be about $50k/yr and even with maintenance and management, we'd cash flow easily north of $100k/yr. So... + +\- What am I missing? +\- What questions should I ask? +\- Is this too good to be true? +\- Cash on hand, we can put about 10% down which is short of the 20% the property requires. We could get a gift from family for the other 10%, but aside from that, any other financing options? Creative financing? +\- Any other words of wisdom? + +The place is very remote and my best guess as to why investors are not jumping in all over the place is due to the remoteness. Deal was not in the MLS or zillow and seller is selling without a realtor. We found it through a super local ad. +Can someone recommend a good rental property calculator that can help me analyze deals? + +I’m new to RE investing and so at this point all I’m doing in my free time is analyzing deals and simply practicing the number crunching aspect. + +I’ve found a bunch of calculators online but they’re either pay-to-use or just simply inconsistent. Meaning 2 different calculators give me different results on the same exact property. + +Any help is greatly appreciated! +I'm in the current situation: + +- Put offer down at asking on 4-plex selling at $230k +- Had my contractor take a look and he said repairs clock in at $12k. I got a $10k credit for that. (So price is now $220k.) +- Appraisal came back today. It's appraised at $200k. + + +I'm going to ask for an additional $20k price reduction. I know the seller is going to say: "I already gave you a $10k credit." But my response is: + +- That's related to the *condition* of the home. Which is a totally separate from the home's *value*. +- It's not market for me to pay 220 for a home that's worth 200. + +The danger is, of course, that he backs out of the deal. I lose about a grand if he backs out. But it's certainly better than overpaying $20k. Are there any other negotiation points that might help in this situation? + +THANKS! +A [study](https://youtu.be/JXvbaQLB0VU) by the U.S. Securities and Exchange Commission of forex traders found 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months. These numbers are no joke and are 100% real, IF you want to daytrade, do it with small amounts and money you can afford to lose. + +I am pro long term holding with money I can lose because mostly I will don´t lose that money if I hold it long enough (solid projects, ETH, BTC). I posted this because a friend of mine told me he lost +$1000 in 2 days. Be warned and just invest & hodl. (Don´t do futures aswell) +*reposting this as I asked the same question on r/blockchain + +I noticed this from my experience of reading and following a lot of projects in the last 2 years. Those that set aside a good budget for marketing end up being hyped and talked about irrelevant of their product development. + +I see all these very interesting posts about valuation and technical analysis and market cap and all these other terms that I've learned a little about but don't feel like I have a very good grasp of. Where did you guys learn all this stuff? Is it taught in business school or econ classes or what? +While I attended an economic conference last week in Shanghai, I found it notable - but not surprising - that two former Secretaries of the Treasury, John Snow and Hank Paulson, as well as current Treasury Secretary Tim Geither, and former President George W. Bush were then in the country at the same time. The fact that so many key American power brokers (myself not included) were in China simultaneously is no coincidence. In an overly indebted world, the $2.5 trillion that China holds in foreign reserves is acting as a center of economic gravity, inexorably pulling all market participants into its orbit. + +When a 10-ton elephant plods through a village of grass huts, the big question on everyone's mind is: which way is he going to turn next? With China, that fundamental question translates to guessing when Beijing will make changes to the value of the yuan. These decisions will determine the overall direction of the global economy, and will set the path that everyone must follow. Unfortunately, no Americans, even those who travel hat-in-hand to China, have a seat at the table where these decisions are being made. + +At the risk of beating a dead horse, let me reiterate my central thesis with respect to currency valuation: just as it is always better to be rich than to be poor, it is always better to have a strong currency than a weak one. Although this simple maxim puts me into conflict with much of the economic establishment, I hold its truth to be...well...self-evident. + +The effect of current Chinese currency policy (which, despite Beijing's protests to the contrary, is manipulation pure and simple) is to make the U.S. dollar more valuable and the yuan less valuable. As a result, the benefits of manipulation accrue to Americans, not the Chinese. We get pay raises; they get pay cuts. Americans use their stronger dollars to buy products they would otherwise not have been able to afford. On the flip side, the Chinese people do without products that they otherwise would have been able to afford had their government not transferred their purchasing power to us. + +The same effect is experienced with interest rates. In order to manipulate the dollar's value higher, the Chinese government has gobbled up more than $1 trillion of them.The Chinese then loan the dollars back to the U.S. through purchases of government and mortgage-backed debt, which reduces the cost of servicing our massive liabilities. + +By the same token, if China were to stop manipulating the dollar higher, it would remove the props currently supporting our dysfunctional economy. American interest rates and consumer prices would soar, and our economy would collapse. Meanwhile, China would experience the opposite effect. Chinese consumer prices would fall, immediately raising living standards for average Chinese workers, whose higher real wages would finally allow them to fully enjoy the fruits of their labor. + +What strikes me as particularly dangerous is that no one, not even the Chinese, appear to understand these fundamental dynamics. All of the Shanghainese with whom I spoke last week were unaware that a stronger yuan would be in their own best interest. The way most people see it, a stronger currency is a bullet that China must be prepared to take in order to save the rest of the world from further pain. + +And so we watch the strange spectacle of China stubbornly resisting actions from which it will immediately and substantially benefit. In reality, an appreciating yuan is the bitter medicine Americans must swallow if our sick economy is every to regain its health. (An allegorical explanation of this is contained in my new illustrated book, "How an Economy Grows and Why it Crashes.") + +When Beijing finally comes to it senses, the transition will be unavoidably disruptive. For China, the long-term growth would far outweigh the short-term shock. America, however, would face a much less certain outcome. There is no question that, for Americans, the immediate effects would be very painful, with the gains only developing with time and prudent decision-making. Still, that does not mean we should resist the process, for the longer it is delayed, the more severe the pain and the longer the road back to prosperity. + +Given this reality, why are our political leaders so adamant that China effectively pull the rug out from under our economy? Are they really that clueless? Perhaps they are - or perhaps they are a bit more devious. Perhaps they are using reverse psychology. Maybe they feel that the best way to get the Chinese to maintain the peg is to demand that they remove it. Historically, the Chinese have always resisted outside interference. + +However, to paraphrase Abraham Lincoln, you cannot fool all of the Chinese all of the time. Soon they will see the light, and when they do, it's lights out for American hegemony. If you think China is important today, just wait a few years. For example, while the Chinese automobile market is now the largest in the world, 90% of Chinese car buyers pay cash. In contrast, only 15% of American car buyers do so. In other words, Chinese consumers can actually afford their cars, while most Americans cannot. Without huge car payments, Chinese consumers are in much better shape not only to trade up to newer cars in the future, but to purchase other products as well. This suggests huge future growth, not only in automobiles but also in other consumer products as well. + +This eruption of consumer demand, made possible by pent-up savings, is creating historic opportunities for investors. When the Chinese start using their wealth to expand their own economy rather than to subsidize ours, infrastructure may well be a primary beneficiary. (For more information on this, see Euro Pacific's new special report: Investing in China's Infrastructure.) + +Whenever the Chinese government decides to end the peg, the Chinese economy will benefit as a result. While as citizens we can hope that U.S. leaders respond with the right policies to enable our economy to regain its former glory, as investors we should position ourselves to benefit from the more certain outcome. +First the numbers, I’m 31 with 3MM invested. I’m taking 96k/year (8k/ month) in withdrawals which is approximately a 3.3-3.5% (including taxes paid) withdrawal rate. I live comfortably on 4-5k/month and put the extra 3-4k/month in a high-yield savings account. + +First, my assumptions: + +1. My diversified portfolio of low cost index funds can be drawn down in perpetuity at 3.5%. Go Curry Cracker has a great post about perpetual withdrawal rates. 80/20 equites/bonds and moving to 90/10 this year. + +2. With this plan I will already die with way more money than I need. + +Now, on why I’m doing it: + +Some might leave this extra money invested so they can have a higher balance in 10 years and thus a higher withdrawal and bigger retirement later. But right now, my needs are well covered and then some. I can’t imagine what increasing my monthly budget more right now would do for me. BUT, I can imagine, after one year of saving 36-48k lump sum, that I may want to: start a business, shoot a short film, donate to charity, buy bitcoin etc etc. There are so many fun/interesting things I could do with a lump sum NOW why on earth would I keep it invested so it increases my eventual withdrawals spread out over the rest of my years. + +There are so many I see aiming for such conservative withdrawal rates of 2-3% that I think it’s such a waste of resources you could use now to improve your life or others rather than stacking extra $$ on the back end of your life. + +Note, this is the exact logic everyone who is not focused on retirement uses “you can’t spend it when you’re dead, so let’s spend it now.” The biggest difference is you’re already FI, so don’t need to save for retirement anymore. Saving for retirement is essentially what those who are ALREADY FI at 2% are doing. + +TLDR: Even at 2% I’m FI. Research tells me 3.5% WR will last forever, so I’m saving the 1.5% extra to make cool projects, start risky businesses, help mom etc. My plan is to use this capital yearly as a lump sum to help avoid a “FIRE & Bored post” + +EDIT: I have realized and concede that this is not the most OPTIMIZED approach to be the richest man in the ground. But it does help me mentally allocate money yearly and make sure I use it to donate, make art, or just enjoy hedonistically, even though it’s (marginally) suboptimal over leaving the money in the market til I’m ready to spend. +I'm a holder. I reached my 'limit' only to go on to basically double the amount I've put in but I'm satisfied with what I'm holding for the long-term as a result of this, although I'm not very diversified. Even though I don't plan on selling for years I still get so distracted during work with checking prices, checking the cryptocurrency subs, reading news etc. + +So I'm wondering how traders are coping with this. Do you work your jobs during the day and spend the evening trading? I'd like to use a lil bit of BTC to try trading to make some money in between now and when I hope to take the majority of profits. +Buying a property is obviously the first thing one would think of when trying to take money out of stocks, bonds, crypto, etc - but there's zero inventory right now. Commmodities and REITs, and gold bars in the yard are all overpriced right now, in my opinion. (Understood that the wide consensus is that stocks will continue to go up until there's an increase in interest rates.) + +Furs? A rare car? Specialty hand bags? What's a solid way to store value? +Settlement is next week - 3rd August. We just had a call from our real estate agent asking for a 7 day extension. Seller has bought a property which is tenanted and tenant does not move out until 10th August. + +We’re currently renting and have 2 dogs in kennels which makes it hard as we can’t really organise extension on either due to the late notice. + +We also don’t want to terminate contract which appears to be the only thing in our arsenal. + +We’ve been offered $3,500 as compensation but that doesn’t t solve for the fact we’ll have no where to move to for the week or somewhere to keep our dogs. + +Should we bluff and threaten to terminate contract? Surely the seller should be the one to look for a place to move to for the week and not us? + +Anyone experience anything similar? + +Been going in circles trying to apply for a credit card online. Have to call their hot line and going into branch getting nowhere. Just venting and seeing if anyone else has the same issue +Everyone wants this to happen -- but it may not, and getting too hyped could be setting us up for a big letdown. + +Regardless of what happens with this potential catalyst (NFT dividend, or NFT for buying/selling used digital games, or whatever), the new plan is the hodl plan. + +Shorts have to cover regardless. +I have tried Googling this but am struggling to find an answer. + +Like would there be a point where she would stop receiving it (or still receives it and I get it deducted from my tax) or because I am not the parent does this never occur? + +I just didn’t know if it would be once we got married/moved in together etc. +And I'm nowhere near the expert here to lead the discussion but I'm trying to get a post through automod so we can have a forum for those who are. + +I'm very concerned about the rapid collapse in bond yields. As of this writing the 30 year treasury has continued its recent collapse down to 1.93%. Money is fleeing to safety very quick...so what are we missing? + +Until the last couple days I've been telling myself the goldilocks story, that the falling yields are signaling a nice growth story without inflation risk. But in the last few days the moves have become large enough to look like a true flight to safety (to my eyes). + +I've come up with two possibilities: + +1) The risk to growth worldwide is significant and after a brief reopening burst we are headed back into deflationary pressures. + +2) There is a massive geopolitical risk (fallout from covid origin?) that smart money is positioning against. + +What do you guys think is going on? +I hit FIRE and pulled the trigger two years ago from today in October of 2020. It's been quite an amazing two years filled with wonderful travels, new ventures, meeting loads of people, and just living the good life. I thought I'd just run down my finances for those interested in what FIRE finances actually look like and what i've been up to. + +# Background + +I hit FIRE in Oct 2020. I am from the US and worked my whole career in Financiail services. I moved to Europe in beginning of 2019 for a work opportunity and I decided to call it quits at the end of 2020 because it was time to move on to the next phase of life. + +Prior to FIRE, I had always traveled every opportunity I got but it was only for a few weeks at a time since I had the pressures of a job to go back to. Post FIRE, my plan was always to travel the world full time and live in different places for a few months at a time. As well, I wanted to pursue other passions of mine like surfing, diving, blogging, and more. + +# What have I been doing? + +On to the fun part of the post. Since I hit FIRE in 2020, I've essentially lived out my dream of traveling full time and living in different parts of the world. Even before FIRE, I had been to 70 countries so this lifestyle was nothing new for me. I spent 3 months in Zanzibar after hitting FIRE. This was the beginning of the second wave of COVID so Tanzania was the only place really open. The rest of the world was in a perpetual lockdown so there was no reason to partake in any of that. + +After Zanzibar, I went to Egypt for a few months and did more diving and kitesurfing while working on my blog. Egypt was mostly open with warm weather and wonderful people. After spending most of winter and spring in Egypt, Europe was finally reopening from their lockdowns so I flew back to Europe and traveled with friends through a dozen countries or so with a lot of new countries on the list (Albania, Macedonia, Bulgaria, Romania etc.) and of course some timeless classics like Greece, Italy, Spain etc. + +I spent most of the fall traveling through Turkey, Georgia, and Armenia which was incredible (love this part of the world). In December, Asia was FINALLY starting to reopen which always was where I really wanted to go. In fact, I wanted to go to Asia in 2020 but who knew it would be closed for the next year. + +In December, I spent the month in Thailand which was incredible. I had visited the country many years before but it was a perpetual shitshow with the amount of tourists. This time around, I was able to visit Bangkok's beautiful temples with hardly anyone there. The beaches in the Andaman sea was so peaceful and calm it was probably what tourism in Thailand was like 30 years ago. + +After THailand, I decided to go to Bali which is one of my favorite places in the world. I had to do a week long quarantine to actually enter the country because of their strict covid rules but afterwards it was heaven on Earth. I remember Bali as being this crazy busy and overpacked place but it was just an incredible place to be during COVID. + +THere was no mass tourism during this time because no one would agree to a long quarantine but there were enough Digital nomad style people calling it home to make things interesting. I made loads of friends and absolutely loved the digital nomad style of life. I met some extremely interesting people during this time, far more interesting than 99% of the people I met during my time in finance. Crypto bros, fitness bros, regular bros, serial entrepreneurs, overly spiritual people (okay these were a bit weird but what can you do), anti-vaxxers/conspiracy theorists (See previous) real estate developers, loads of Russians who didn't like Putin, semi-pro influencers and everything in between. I didn't really do much in Bali besides just live in my villa, go to the gym, coconut sunsets, hiked around rice fields, work on my blog, and diving here and there. There are more beautiful cafes per square km than anywhere else in the world. Along with fantastic restaurants, chilled beach bars, and a vibrant expat scene, it was heaven on Earth. + +I spent only $2k a month in Bali living the high life. I had a beautiful villa and pretty much did whatever I wanted to whenever I wanted. I was also in the best shape of my life since college as I just hit the gym and surfed everyday day. + +I lived like this for the greater part of 5 months which was just incredible. Eventually however, Bali did reopen to tourism and the crowds started showing up. Obviously, I'm not naive enough to think I could just have Bali to myself but it was fantastic while it lasted. From May 2022, I started finally pursuing my dream of working as a dive instructor. Diving has always been a big passion of mine and this was always the post FIRE plan. Indonesia has the best diving in the world and I always knew I wanted to come back and teach in this part of the world. With COVID, 95% of the "old guard" of dive professionals quit and went back to their home countries. A lot of these people got "normal" jobs and few of them wanted to comeback to the world of diving when things reopened as they settled into their new lives. THis opened up countless opportunities for me and I was able to get a job at one of my favorite areas in the world. + +I knew the owners of the resort and told them to just give my salary (not much about $900 a month) to the local staff. Most of the locals went back to their villages to their traditional professions like fishing or seaweed farming which pays almost nothing. My living accommodations and food are paid for at the resort which is standard since it's in the middle of nowhere. I've done this for the last few months and absolutely loved it. It's probably the most rewarding thing I've done in my entire life thus far. + +I'm taking a 6 week break currently. I went to Greece to meet up some friends and then we all went to Oktoberfest which is a timeless classic. Now I am writing this post in Cyprus while visiting a friend I made while in Bali. Cyprus is one of the last countries in Europe for me and a nice €60 Ryanair flight meant it just had to be done. Cyprus is a bit boring not gonna lie so I will probably go to Lebanon as I just discovered they have €35 flights to Beirut which is one of my favorite places in the world. I have another wedding in the South of France at the end of the month before going back to SE Asia. + +# Finances + +NW at Oct 2020 - $1.3m in stocks, not factoring in my real estate + +NW at end of 2021 - $1.8m, no real estate + +&#x200B; + +**Market Update** + +As far as finances go, I've been doing alright in this bear market. THe markets are about what they were when I FIRE'd, perhaps a little lower which is never a good feeling but just the risk you take with your sequence of returns risk. The bear market of 2022 is definitely the worst market I've ever been a part of. I was too young for 08 with no money in the game and COVID was over before it started. 2022 is just a non stop slow bleed down 30% and doesn't look like it will end until the FED pivots. It really feels like an inflection point of sorts as the FED has left the markets. During my entire 14y stretch of being an adult, I've essentially invested in a FED market. In the end, no one can predict the future but it just feels like we are due for slow anemic appreciation in the future. For now, I just try not to look at the total portfolio value much (once every quarter) as really serves no purpose in the short term. + +&#x200B; + +**Strong USD** + +The one positive from the last year has been the extra strong dollar. This of course is bad for stocks but great for those living outside of the US. It's actually brunted the impact of inflation in many of the places I"ve been staying in. For example, a Mas of beer at Oktoberfest was 11.5 Euros in 2019 ($13ish) and this year, the mas was 13.5 Euros ($13ish). + +Talking to my friends back home about the rapid rise in prices, I honestly couldn't imagine worrying about my finances in the US so props to those FIRE'd in the US in these times. + +&#x200B; + +**Light Trading** + +In 2021, I made some very successful trades at the beginning of the year capitalizing on some of the YOLO hype. Sorry FIRE purists, I just couldn't resist. In 2022, I haven't done much besides sell some far OTM options to generate a little bit of income. In addition, I've also purchased puts (only $1-$2k worth) around CPI and FED speeches just as a way to hedge my portfolio which has worked out well. Seems like every time Daddy Powell opens his mouth the market tanks. + +&#x200B; + +**Selling my apartment in NYC** + +I sold my apt in NYC Q2 of 2022 which was fantastically timed. Markets were doing very well in Q1 before rising rates crushed demand and now I don't even want to imagine how difficult it would be to sell there. All in all, I took away $200k from this sale which I have been slowly DCA'ing back into the markets. + +With the money, I also purchased $20k ($10k personal and $10k on a sole prop) of i bonds. Not sure if this was the right move but I reckon a \~8% ROI over 15 months is quite alright if I wanted to sell early. + +# Withdrawals from Portfolio + +I've always planned for a variable withdrawal rate because I just don't know what my life holds and where I will be. The idea of staying in one place and just chilling was never my idea of the perfect FIRE life. Therefore, I knew that some periods I would spend much more and others I would spend almost nothing. That's been put into real life practice now. + +&#x200B; + +**Withdrawals 2021** + +I made multiple withdrawals in 2021 to the tune of about $45k which was just shy of 4%. I try not to time my withdrawals but I always reckoned withdrawing near ATHs is as good of a moment as you can make it. 2021 was the bull of all bulls so this was easy to time. + +I also made about $15k from blogging during the year which helped supplement the lifestyle. Some of this money I spent but most of it I just reinvested. + +I really did not hold back on anything during this year. I traveled to 15 countries or so and pretty much did whatever I wanted to. + +&#x200B; + +**Withdrawals 2022 - Almost nothing** + +In 2022, I took one withdrawal in Feb 2022 and I've essentially just paused all my future withdrawals until markets recover. While I spent a lot of money in 2021, I didn't need to spend nearly as much in 2022 as the lifestyle in Bali was so cheap. I covered most of my expenses just from my blogging income alone which really picked up this year. And now, I have little to no expenses for the foreseeable future but let's see how long I want to be an instructor! + +&#x200B; + +**Blog Income** + +I've had a blog for many years but really put some more effort into in recent years optimizing SEO and all that stuff. At the peak, it was getting about 2.5-3k sessions a day, and along with advertising, affiliate links and other things, it was generating $2k at its peak. Now I reckon it is generating between $1-1.5k a month which is definitely helps with lowering the withdrawal rate. Something about blogging really brings me joy and is soothing in a weird way. Whether I FIRE'd with $10m or $1m, I'd be doing the same thing. + +&#x200B; + +**Portfolio value Oct 2022** + +As of writing this post, I have + +$1.4m in stocks + +$110k in cash + +$20k in Ibonds + +I don't need so much cash but I am just still DCA'ing it back into the markets. I've withdrawn almost no money this year as my expenses have been very manageable. + +&#x200B; + +**TLDR:** + +\- FIRE'd in Oct 2020 with $1.3m in stocks + +\- Traveled the world and back during that time + +\- Lived in Bali for 2022 and became a dive instructor which was always the long term plan and passion + +\- Blog income and being a dive instructor meant almost no withdrawals in 2022 to ride out the bear market + +\- Bear market bad but still doing good + +&#x200B; + +**2023 Goals:** + +\- Work on a liveaboard, preferably in Raja Ampat + +\- Travel to more of Asia, still need to go to Vietnam, Laos, Korea, and Sri Lanka + +\- Visit Australia and NZ + +\- Get better at kitesurfing +# This gem has solid team and great fundamentals - DYOR 👈 + +🚀 Links 🚀 [https://coinmefy.com/velo](https://coinmefy.com/velo) [https://coinmefy.com/tg](https://coinmefy.com/tg) + +Awesome Team, very active on Telegram Voice Chat, huge potential for you guys, very low marketcap. Liquidity locked ( THAT WAS COMING FROM THE OWNER WALLET. ) MIGRATED SUCCESSFULLY TO NEW CONTRACT. + +The main idea behind this token is to bring cryptocurrencies to the daily life of the average people, by implementing VELOREX token (VEX) to Crypto ATM’s, and with it developing and creating an international FIAT ⇄ VEX Crypto cards to make life easier, and safer to everyone. VELOREX will have its own blockchain before 2022, AND ALSO WITH THE BLOCKCHAIN RELEASE WE WILL BE GETTING: Wallet-App, AND AN EXCHANGE TOO + +🔸 Some basic infos 🔸 + +🔸Name: VELOREX Symbol: VEX Decimals: 8 Max supply: 500.000.000 Current circulating supply: 🔸300.000.000 Current price: 0.00050$/VEX Market Cap: 1.890.000$ Target price for the next month: 🔸0.05$/VEX Target price for the year: 1.00$ 10$ IS EASILY ACHIVABLE ESPECIALLY WITH THE 🔸BLOCKCHAIN COMING UP, AND SO MUCH USE CASES FOR VELOREX. Address: 🔸0xa9295088153e195fd37e443dd482d1318a669661 + +🚧 Roadmap 🚧 + +🚧Q2 - Opened to public Marketing campaign before ICO - DONE DxSALE - DONE Full Audit Verification Coinmarketcap listing - SENT Dex.guru listing - ON Heavy marketing campaign - STARTED Community building - STARTED VELOREX Utilities & Use cases on websites - STARTED + +🚧Q3 - Feature rich future +Pushing VEX to exchanges ( Okex, Kraken, Bibipom…) Team expansion VELOREX Blockchain development VELOREX Wallet-app development + +🚧Q4 - Your future +Integration of the VEX coin, from BEP-20 chain to the VEX blockchain First FIAT ⇆ VEX Crypto ATM at EUROPE Aiming to be done before end of 2021 These goals are in our list, and will be implemented as soon as possible, we just don't have accurate date. VELOREX Exchange Pushing Fiat ⇆ VEX Crypto ATM's to worldwide VEX Token Online purchase implementation ( Crypto Card ) Developing future projects, implementing to gaming platforms + +🚀🚀🚀DYOR 🚀🚀🚀 +You GOT to be kidding... + +> GNO sold in auction: 416,667 (4.17%) + +> GNO still held by founders & Gnosis LTD: 9,583,333 (95.83%) + +Please tell how this is not a huge scam.... + +----------- + +Hi Menno, + +We noticed that you may have tried to participate in the Gnosis (GNO) auction through Kraken. It only takes a few minutes for withdrawal transactions to be broadcast to the network, but unfortunately the network became congested and some transactions did not make it to the network in time to be included in a block before the auction quickly closed. + +Good news - if you still want GNO and act in the next 24 hours, Kraken can facilitate your GNO purchase at the auction price. See below for the rules and instructions. If you do not want to participate, you do not need to do anything. You may also purchase GNO later on the open market after GNO trading launches on Kraken (expected sometime early next week). + +Some stats on the auction: + +* The auction started April 24th at 17:00:00 UTC and ended less than 10 minutes later (at 17:09:49 UTC) +* The auction sold out at the highest valuation of 0.6 ETH per GNO +* Raised: 250,000 ETH (~$12,500,000 USD) +* Existing GNO: 10,000,000 +* Implied market cap: 6,000,000 ETH (~$300,000,000 USD) +* GNO sold in auction: 416,667 (4.17%) +* GNO still held by founders & Gnosis LTD: 9,583,333 (95.83%) +* Blocks were flooded and many payments initiated before the auction closed did not make it in + +Rules: + +* To be eligible, you must have initiated the ether (ETH) withdrawal request with Kraken before the end of the auction (prior to April 24 at 17:09:49 UTC) +* You can only purchase GNO for the same amount of ETH as your original withdrawal request - no increases or decreases allowed +* Only one withdrawal request will be honored - if you made more than one withdrawal request prior to the close of the auction, then you must choose only one of these bids to be filled +* The GNO purchase price will be the same as the auction price - 0.6 ETH per GNO +* You must contact us within 24 hours after this email is sent to let us know that you want to complete the GNO purchase (see instructions below) +* You cannot transfer your right to purchase GNO to anyone else + +Please follow the instructions below EXACTLY - we may not be able to complete the purchase if there are any errors in your request + +Instructions: + +Go to https://support.kraken.com/hc/en-us/requests/new?ticket_form_id=659728 and fill out the requested information in the form +Make sure you have sufficient ETH balance in your account to make the GNO purchase and make sure it isn’t tied up in pending orders to sell the ETH for another currency or to buy another currency with ETH - if the ETH is tied up in pending orders we will not be able to complete your purchase +GNO is not a collateral currency for margin trading, so make sure you close any margin positions that might get liquidated due to lowered collateral when your ETH is converted to GNO +Thank you for choosing Kraken, the trusted and secure digital assets exchange. + +The Kraken Team +We all have different interests, different locations, different situations. There has definitely been an increasing threshold over the years to what most consider FatFIRE territory. This is typically expressed as a singular NW number that doesn’t necessarily apply to all life situations uniformly. I would be curious to see others define FatFIRE in a number of common areas. + +Home(s): + +Children Education: + +Career: + +Travel: + +RE age: + +Discretionary Spending: + +Charitable: + +Legacy/Support: + +Other: + +What does this life cost in your area?: + +NW goal: + + +Feel free to use these or add others to accurately define your views. + +Home(s): 3000+ SF current home, one extra bedroom, nice neighborhood with good friends. Consider upgrading to 4-5k sf but don’t really want to leave current. + +Children Education: In a great school now. 6 figure Assets in 529 for college. More available outside that as necessary. + +Career: FI status allowed me to move into a lower stress/responsibility role with equal pay but probably lower future opportunity. Way happier now. Living for today, not the future (big change). + +Travel: We travel a lot to great beach/mountain locations. Use points for airfare. We do look for good deals on this stuff (I think it’s just hardwired in my brain to get good value). Could travel first class, but don’t because we would rather take more trips than have the nice seat for a little while. I’ve traveled up front for work a decent amount and enjoy it but don’t really value it that much on my own dime with kids. + +RE age: Could do it today but will likely pull trigger in next 5 years. Before 45. + +Discretionary Spending: Would likely be half of overall budget. + +Charitable: Donor advised fund fully funded with appreciated securities to work like a endowment/foundation. + +Legacy/Support: Plan to spend low enough % that the amount will ideally keep growing throughout my life and pass on the assets along with appropriate guidance and education so they can handle it. + +What does this life cost in your area?: ~80-100k base, likely target 150-200 for lots of extras. + +NW goal: $5-10M. Near lower end now. +First, I’d like to pay respect to those who share their valuable perspectives within this community. Thank you. + +I’m a 37yr old entrepreneur who recently sold a business. I’m approaching $10mm in combined assets (10% cash, 20% real estate, 70% taxable and retirement funds). + +After years of daydreaming of fire, I’m near my goal which will theoretically secure my family’s future earnings potential at a minimum of $350k per annum (assuming 3.5% swr at $10mm). I’m an entrepreneur with no current income so this secured income is really important. + +So here’s my dilemma. Last year I got excited and put $2 million down on a house that’s currently valued at $5.5mm. The house is financed at a fixed 2.625%, and has even appreciated almost 10% since purchase. + +My concern is that the monthly payments are too high at my current level of fire. They’re around $19k total monthly and $13k if you don’t include principal (the portion I view as “rent”). + +I know this is a silly concern, but I think i overextended as it relates to my early retirement goals. + +If I withdraw 3.5% off the cash and investment funds I currently hold ($8mm), I’ll barely cover housing and life expenses (although $6k goes back into house as principal). + +I’m considering to rent out or sell the house. If I rent out, I can move back in five-seven years when I have a bigger family. If I sell, I’ll have achieved $10mm in liquid assets and be comfortable living off the $350,000 in perpetuity. + +Even with the low cost of financing, I’m confused if selling the house is the right or wrong thing to do. Although it’s appreciating on paper, the monthly cost is slowing me down from achieving my fire goals. + +Curious to hear what others here do would do. + +Keep the house, continue to pay a high monthly expense and sell later hoping it continues to appreciate. Or sell the house and begin Fatfire ASAP. + +Thank you! +I’m a car guy with a house and two car garage currently. I plan on collecting and storing at least two or three of my bucket list cars within the next few years. They’ll all be driven only occasionally, no daily drivers. I’ve been contemplating what’s the most cost efficient way to store these cars? + +The main restriction is that my wife and I each have our own daily drivers we’ll need to keep and preferably garage. Our thoughts was to eventually upgrade to a house that had at least a 3 car garage that can support additional lifts. However most houses with 3 car garages around here (Austin, TX) comes with massive square footage we would never use. + +My second idea was to buy some land nearby and install just a garage/storage. I’m finding that most areas have restrictions to build a residential building of some type as well. The third is to buy a commercial garage unit or “garage condo” being built around here. Not looking forward to paying HOA or commercial utility fees. + + For the car enthusiasts I currently have a 1992 Acura NSX that was on my bucket list. It’s sitting in the garage but thinking about renting self storage for the time being. I plan on buying a Porsche 997 cab and possibly a 04-05 Subaru WRX STI to complete the list. + +https://imgur.com/vgH07g9 + +Any other ideas I’m missing would be very welcomed, Thanks in advance! +I was curious what interesting gifts you have given/received your other half in cases where buying what they’d want or need themselves is pretty easy. Ideally something truly personal (ie not a couple’s experience). Spouse is a woman, should that make any difference. +Hey apes, + +I’m finishing up my degree in Mathematics this year, and as someone with education experience, I thought I could share an eye-opening view on what’s about to go down. A paradigm shift if you will. Spoilers, it’s gonna **blow your fucking mind** once this information sinks in. + +## Motivation +Why should you care? Well, humans (apes included) have a terrible track record when it comes to understanding orders of magnitude. It’s one of those things where our intuition leads us astray. We hear numbers all the time nowadays like 1 million, 1 billion, or even **1 quadrillion**. + +Now don’t get me wrong, those numbers sound pretty big, but I guarantee *you can’t even begin to imagine the size of these immense numbers*. + +## Going from $1 to $1 Million +Nearly every ape here would agree that $1 million is a hefty sum of money (they wouldn’t turn it down at the very least). For most people, accumulating a million bucks is a lifelong endeavor that’s usually only possible through diligently saving, investing, and maintaining a well paying job. + +However, after chasing after this goal for a while, we start the get an idea of the sheer scale of that wealth. But past that amount is where our understanding starts to fade. Most people don’t actually ever deal with numbers that are past the millions, but this is only the beginning. + +## The Next Step, Billions +I think a huge fallacy that many people believe is that after 1 million, you have 1 billion, and it’s not *thaaaat* much more. But **no**, **not even close**. + +Suppose you have $1000. If I asked you how close you were to having $1 million, you’d say not very close at all. And you’d be exactly right. **But here’s the thing - that’s the difference in magnitude between $1 million and $1 billion.** + +So we all *know* that 1 billion is 1000x as much as 1 million, but once you *understand* how much we’re talking about, you’ll start to realize why HFs are shitting their pants right now. But they’re not expected to lose billions, they’re expected to lose **trillions. Minimum**. + +## The Climb to Trillions +Ok look here, I’m gonna keep this one short and sweet. + +Imagine you have $1 and I have $1 million dollars. I think we could all agree that you’re a broke bitch, and I have a fuck-ton more money than you. But more importantly, this illustrates the difference between $1 million and $1 trillion. + +**The difference in magnitude between $1 and $1 million, is the same as the difference between $1 million and $1 trillion.** Imagine you’re a millionaire (maybe you don’t have to you lucky bastard). Compared to the volume of assets that HFs are currently holding, it’s as if you only have $1 and they have millions. **What you have is fucking. drops. in. the. ocean. That’s how much $1 trillion is. And this is the kind of money they’re set to lose.** + +But *oh my fucking god*, it doesn’t stop there. RC wasn’t joking around when he said buckle up 🚀🚀 + +## 1 Quadrillion, The Final Destination +The size of the derivatives market is potentially **as large as $1 quadrillion**. But let’s suppose that it’s “*only*” $500 trillion. You’ve seen the DD already, so you know that we can legitimately sell our shares for millions. But take a step back and look at the bigger picture. Try to imagine the sheer magnitude of wealth that is about to change hands. **You fucking can’t. It’s literally too much for our ape brains to comprehend.** + +Can you even begin to imagine how terrified Wall Street is right now? Let alone Citadel? They’re positioned to lose amounts of money that *I didn’t even know fucking existed until a few months ago*. + +**That’s what we’re fucking dealing with.** + +**tl;dr** +I have shown here that our small ape brains cannot comprehend the scale of shit that’s about to hit the fan. + +Buckle the **FUCK** up apes. +It’s gonna be one hell of a ride 🚀🚀 +I’m still pretty new to investing on the stock market. + +I own 10 shares of PPD which is being acquired by Thermo Fisher. From what I read, it will pay shareholders $47.50 for each stock. What does this mean for me? Do I just get paid the $47.50 and I no longer own the stock? Or do I get stock in the new company? +I’m sure we’ve done this millions of times before. But for new people who rely on experts like yourselves to do this and learn....what are your top three dividend stocks? ETFs are separate. +I’m sure we’ve done this millions of times before. But for new people who rely on experts like yourselves to do this and learn....what are your top three dividend stocks? ETFs are separate. +On of my roommates texted me saying they just started working in financial services and that his new employer requires, "per federal regulation and company policy" that I send him statements for all my financial accounts. This doesn't sound right to me and don't want to send any info to him unless I absolutely have to (also met him ~1 month ago). Any thoughts are welcome, thanks. +I've been waiting to watch this movie for awhile because I wanted to wait for some dominoes to fall first in our GME saga. I wanted to see if there was any correlation between then and now. + +Honestly, I was looking forward to watching The Big Short just for my own peace of mind in waiting for the squeeze to happen. The first hour in, I was having fun and getting excited for the squeeze, but then when the movie was over, I was sick with tears. + +EVERYTHING IS CONNECTED! No one suffered the consequences other than every day human beings. They just kept going. I hate thinking that this is happening all over again. People are going to suffer from this. When will these people be held responsible? + +Fuck jail, these assholes belong under a bridge. They need a taste of their...no fuck that! They need a five course meal of their own medicine. These fuckers need to feel what it's like to be homeless, struggle for meals, try to sleep in a dangerous place, etc. + +I honestly thought my floor was going to be 50K. Now, I don't care about the money. I just want it out of the hands of these thieves. This world needs a new group of leaders, philanthropists, and advocates. And we are going to be that future. + +I have never been so certain in my life that a squeeze will happen. It might be tomorrow, next week, next month, or shit this could last years. We just don't know, but it will happen. All I know is this, WE AIN'T SHOOK. + +We hold the cards. We are pit. We are the house. We hold until they are homeless. + +Not financial advice, but BUY, HODL, REPEAT. + +Let's make this world a better place Apes. Love you all. Thank you for this community no matter where you are. + +TL;DR: DIAMOND PLATINUM HANDS! +Pardon my ignorance, but what does the recession look like for ol' Everyman Joe? How can or will it affect the average citizen? I don't remember much about the '08 one except that Rudd gave everyone money. + +Now, being 11 years older, with a family, I want to try and prepare (if necessary) to mitigate any problems. +I'm complete noob, a friend got me looking at this subreddit and the potential to get in early on new coins. I just read a comment on a post that at least 90% of coins mentioned here are scams and to DYOR. + +Are there clear signs that a mentioned coin is a scam? They use all the same words to me, and don't understand how you can tell if a dev is legit or not +Do you keep records of the money you spent on leisure each year? I am talking about fancy meals out, Starbucks, Alcohol, Concerts, and Travel, etc? + +What if you would had not spent that money on leisure "wants" and instead had put that money in the stock market? How much money would you have? + +My wife and I like to track our income and spending and enjoy looking back at what we earned, spent and invested. We keep extensive detailed spreadsheets going back to 1990 when we got married. + +Since 1990, we have spent an average of $6000 a year on travel. $7000 a year on eating out at nice restaurants and about $2000 a year on Starbucks and $2000 for Wine, and Beer while eating out. And about $2000 on concerts, plays, and musicals. Combined this is **$19,000 a year** on leisure and eating out, etc. This $19K has been about 25% of our take home pay. + +If we would have not participated in these activities and put all that money in the stock market (in a total stock market fund) we would have $2,266,298 more in our retirement account and how nice would that be! + +Does this story make you want to spend less on "wants" leisure and invest more? Your thoughts, please! +EDIT: Turns out the Bitcoin is still in FTX's Custody and they used UTXO transaction to transfer all their bitcoin in one go. Refer to this post for clarification https://www.reddit.com/r/CryptoCurrency/comments/pnz8yk/ftx_was_not_hacked_and_45000_btc_are_still_fully/ +IMO the way they do it is extremely inefficient. Peeling is O(N) time, so it takes forever. Doing a tree split is O(lg(N)) time to complete. And not including the security risks of having $2B hot wallet but at least it's not a hack or such + +45,000 BTC amounting to $2B being moved around several wallets in the last 12 hours. It made me curious about why this happened which is very unusual and I did my research. If the rumor is true then it is because FTX got hacked. + +They denied the allegation but the movement is really suspicious and even goes through several illegal Russian marketplace wallets (Hydra) and Bitcoin tumbler. Here's what I can found on Twitter + +Source: ncweaver twitter + +" This is frankly bizarre, and I'm convinced 90% certain that FTX got hacked. We are seeing a slug of $2B worth of Bitcoin being passed through a "peeling chain", each step takes off a little (a few bucks to a couple thousand) with the rest remaining intact. Some of the peeled Bitcoin is to new wallets. Some is actually to very old active wallets (e.g. this: [https://blockchair.com/bitcoin/address/3Q34R8mDakAhFDzrze8TCZcqjKtSuerc8E…](https://blockchair.com/bitcoin/address/3Q34R8mDakAhFDzrze8TCZcqjKtSuerc8E%E2%80%A6) ) + +My suspicion: Stealing $2B in Bitcoin is easy. Laundering $2B is hard. But there is an advantage: FTX can't admit the theft... If FTX admits it they implode in a nanosecond as they are insolvent. So they keep quiet and deny. In the meantime, the thief's cashout strategy: Peel off Bitcoin. Some of it to just garbage wallets. Some of it is Robin Hodled and sent to existing wallets. Heck, waste most of it in the end, but keep about 1% and throw that through mixers, chain swaps, and other techniques. And keep doing it just $1k at a time. And walk away with with a huge paycheck. And if FTX dares complain, send the rest to 1BitcoinEaterAddressDontSendf59kuE. + +The alternate interpretation, that this is FTX in offline-signature mode doing some peeling, is lunacy. It would mean they didn't just move MOST of the slug into cold storage and split off the amount to distribute in a separate hunk first, which is frankly bizarre. Plus, peeling is O(N) time, so it takes forever. Doing a tree split is O(lg(N)) time to complete. Also, if this is an automated system that dumped a TON of signatures, they could easily stop the chain: Just have replacement transaction signed, just a little ahead (you have the TXID needed to do it), with a high fee. Now it goes to that transaction, and the chain dies. " + +Would love to hear your thoughts. + + +EDIT: The amount of bitcoin keep on dwindling. 44.5k now + +EDIT2: Found an interesting tweet to help visualize it https://twitter.com/BtcBlockBot thanks to u/NvidiaRTX +Hi all, +I’m not sure if this type of post is allowed, so please delete if necessary. I could use some support and guidance, after what feels like a devastating few weeks. + +Just a few weeks ago, before this chop, I was flying high as I’m sure many others were. I had accumulated some healthy options winnings, over the last several weeks and felt like I was in a good place to hold my ITM calls with May DTEs. I was strategic about my buys, and many were very much green. Some 100%+. + +The first red day sucked, but I told myself it was a healthy pullback. Buy the dip is a common mantra and it’s what i did. And here’s where I just don’t understand what the hell happened to me. Red days started piling up and I just held. Telling myself that the rebound was around the corner and I had until May, July, and Jan 2022. Convincing myself that the worst was behind us. 3 red days turned into 4, 5, and the next thing I know I’m down all my gains. You’d think I’d sell right? No fucking way. A slew of monster green days was just around the corner. Finally, after last Friday I sold all of my May calls, and held my July and Jan 2022 calls. Both red now... (ARKK 1/22 $97c -$50 &amp;amp; ARKG 7/16 $94c -$3,699) My ARKK I was up $2k now down $50, my ARKG I was up $500 and now down almost $3700. Since ARKG has a few months left, I feel like I have to give them more time, but this is fucking stupid I know... + +So here I sit, lost all of my gains. I’m -25% overall on my account. My wife doesn’t know, and I want to scream. It’s like I just sat back and watched as the world burned and did nothing about it. Which is weird since I normally respect my stops. + +Those of you who blew up your accounts, how did you get back on the horse? How did you handle the humiliation? I know I need to take a step back, but I’m still holding these stupid call options. Someone please kick me in the ass. + +Thanks for listening. + +Edit: thanks everyone for the advice and encouraging words. I truly appreciate it. I realize I’m handling this like a little bitch, but it stings and there’s some value in community and sharing. Especially during these times of isolation. This situation will certainly lead to some self-reflection of my own human faults. My emotional relationship and emotions around money, my inaction during times of distress, fallacies and biases that cloud my judgement and decision making, and my overall emotional state when things are stressful in the market all require some in-depth analysis. All I know is that I can’t and won’t quit. I’ve come too far to just give up. I will step back for a few days/weeks and develop a strategy to recoup my losses. Whether it’s selling theta or just holding boomer commons, I’ll figure this shit out. Someway somehow. Thanks again ✌🏼 +Seriously? Can the average person excel at this? I am not exceptionally smart or dumb- just middle of the road. I’ve been watching videos and reading in here for a few days now, and I’m learning and I do understand “the wheel,” but there are a lot of aspects of options that I absolutely still do not understand. I will read some posts in here that go way over my head. I have no issue studying, learning, putting in the work, taking the time, etc- but I’m smart enough to know that I’m not smart enough to do everything. Is there anyone out there who is of average intelligence, knew nothing at first, was confused for awhile- and then eventually got it? +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. +With current volatility SPY jun 16 2023 250put is trading at 7.21. +Even at the low of the COVID crash SPY was still above 250, so the actual chance you get assigned on this one seems very low. + +How is this not profitable to sell this put? Yes low profit if you hold all year (but still around 3%) but in the eventuality that the market turns around this option will lose its value really quickly and you could buy back for cheap. + +If SPY does get this low and it gets assigned it would be the perfect time to get in with margin anyway. + +Thoughts? +I asked a little while back about real-life returns and got a range of answers, and I'd say many ranged from around 10-30% per year. + +But I realized I didn't ask an important thing - how much of your buying power are you using? And are you using margin? + +With a portfolio around $750k, I'm trying to work out the number of positions and the appropriate position sizes, but I figure I need to determine how much BP to use first. And I'm wondering what all you more experienced types have been doing +So ive been wheeling and using theta gang strategies the last 3 months and have heard about pmcc in recent weeks. I understand how they work but am curious what are some stable low iv stocks you all like to use for pmcc. Ive been thinking at&t would be a good choice along with Cisco but wanted to hear from experts. + +Thanks in advance. +I had 7 ICs on TSLA expiring this week with strikes at 925/920 and 1060/1065 (5) and 1070/1075 (2). I was able to close all the put legs but I am in ouchtown on the calls. Lost all my gains over the last month as it stands. I’m hoping for TSLA to correct some tomorrow but it doesn’t seem likely. + +Question - I know theta is not going to do much if it keeps going up so do I close sooner to limit gamma exposure? + +Also I’m thinking it’s better to just close and eat the ~200/contract rather than get assigned and blow my entire account. And unless I can find some good strikes I don’t think rolling makes a lot of sense as the premiums will only cover my losses for today. Is that the right way of thinking? +After 4 years of college I realized that there is a large profit margin for leasing apartments to college students. What are the variables that I need to consider? I know nothing about property leasing protocols and hope to put my cash liquid into an area where I don't need to calculate as much risk. Any advice would be appreciated. +He says he needs it to figure out how much taxes to take out. She is a W-2 with a draw based salary. I feel like that's an invasion of our (or my) privacy and he shouldn't need it. Advice? +To memorialize my journey: + +location: midsouth + +ages: me 45, wife wife 45, kids 12 & 10 + +&#x200B; + +Net worth is 4-5M'ish (depending on how you value the pensions): + +1500K 401ks + +2300K brokerage accounts + +340K 529s + +300K house (no mortgage) + +pensions that will generate 85K per year for life starting at age 55 (in 10 years) + +&#x200B; + +I assume spending of 120K/year (growing at 2% inflation) which should be comfortable. 401ks are all in ultra safe investments (mainly a guaranteed fund) so income for life at age 60 will be about 145K/year. At that point, 401K and pensions will provide 230K/year for life. And social security at 62 adding to it. So the current 2.3M portfolio really just needs to get to that point, clearly it should with sensible investment allocations unless the Suze Orman loose chimp tears me to pieces. Hoping 529s fund both kids college costs but planning to pay regardless if short. + +&#x200B; + +To occupy my time, hoping to work on side projects that are a passion and may in time produce income as well. Have a lot of things that interest me. Life way too short to waste away in corporate america. + +&#x200B; + +Thanks for listening and any feedback. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +I was bringing home maybe $600/month, $700 if I really worked a lot. + +I had a $200/month car payment. I couldn't afford car insurance. I could afford my phone at least, during the time it was all basic smartphones on the market. I ate mostly fast food and the cheapest foods from Aldi. (Aldi canned pasta, anyone?) I bought all my clothes off clearance racks from the big box store I worked at, because I got a discount. + +I crashed at friend's houses/apartments because I couldn't afford any rent whatsoever. My mom and grandpa (I don't have good relationships with my family, I moved out at 19) kept trying to get me to join the army. What a fucking laugh. I was overweight, not in shape at all, very suicidal and had been in the psych ward 2x, put on medications multiple times, and suffering from undiagnosed PTSD. I have complete mental breakdowns if anyone yells at me. Like the military would ever accept me. I tried explaining this to my grandpa, that the army won't take me, and he called me lazy. + +I lived with a few people who were borderline alcoholics. One guy would punch holes in the walls when angry. + +I also lived with hoarders at one point. There were holes in the bathroom floor. The dog would constantly barge into my room to shit on my bed and laptop. They refused to train him. Garbage and junk everywhere. + +Everywhere I lived, I felt unwelcome and unwanted. + +I job hunted. No better, higher paying job ever called me back. + +The only way I got out of this was by signing up for college. I used my FAFSA loan money to find a decent room for rent and to pay for anything I needed. I worked 2 or 3 jobs while studying for school. An old friend of mine got me a better job and my grandpa gave me his old car. Everything else I needed, I paid for myself. + +I swear I still have PTSD from all of this. Even though I'm in a much better position in life now, 10 years later. I'm still terrified it's all going to be taken away from me. + +I wasn't allowed to watch TV as a kid, and for years I couldn't afford to buy one. Now I have one that I watch every night before bed. + +I would freak out whenever my car broke down. Now I plan on buying something extremely reliable, like a Corolla. I have the money to do so. + +I would freak out whenever I got sick. Now I found a job that pays enough, and once I work there long enough I will be offered insurance. + +I could go on and on about the stuff I didn't have then, that I have now. But I swear that the better my life gets, the less it feels real and the more afraid I am that it's all going to be taken away from me. +So I was at the bank simply depositing some cash into my account. It wasn’t much either just a pitiful check from my dead end job. They made small talk with me and were friendly. The bank teller randomly asks me if I were interested in taking out a small loan to purchase a car or something. They asked me for my credit score and once I told them my horrible score their entire demeanor changed with me. They were no longer talkative with me and I could sense that they wanted me to leave as soon as possible. They specially told me “we don’t accept scores that low for any loans. Sorry”. They started looking at me as if I were a criminal and as if I had murdered someone. They gave me cold and judgmental stares and I immediately left because I couldn’t take it anymore. It’s insane how just being poor makes people view me differently. +Knowing that while this isn't the best possible financial choice, it is the best one I *can* make... what do I need to know when looking at places? I'm very concerned about buying poorly made apartments that will make me homeless when they don't pass a building inspection. + +(Disclosure: I know everyone's gonna be like 'don't buy apartments, muh equity' but at the end of the day, if I want to buy a house with a max budget of $450k I'm gonna be too far from the city. I'm okay with making that sacrifice for lifestyle choice. It''ll also be at least eight years before I'm making above a hundred grand. Even if an apartment isn't a super high-growth asset, I'm at least putting money into an asset rather than rent.) +Source: http://www.economist.com/news/business/21709061-entrepreneurs-finances-are-jaw-dropping-inventive-and-combustible-his-space + +The above article has a good charts showing the financials of Tesla, SpaceX, SolarCity and Elon Musk himself. Tesla is the largest with a market cap of almost $30 billion. + +One particularly interesting part: + +> Mr Musk’s own finances look stretched. He has spent most of the $180m in cash from selling his stake in PayPal to eBay in 2002. He has personally borrowed $490m, secured against his Tesla shares, and most of that comes from Morgan Stanley, a Tesla underwriter. The car firm’s shares would have to fall by more than half before the loans went underwater. + +Basically Elon Musk himself has near zero cash, and is half a billion in debt. +I'd like to put $10,000 into something that will give me the best return in 5+ years. Kind of a "set it, and forget it" sort of deal. I've never dealt with this sort of thing before, and am a complete novice to how I should go about it. I've heard of Roths and CDs but, I have no idea where to start. The less I have to deal with during tax time, the better. + +Any advice is appreciated. + +Edit: I'm 34, no debt except a car payment/rent/utilities, a healthy 401k, and I work full time. I live comfortably on around $50k a year, and I'm able to contribute to savings every other paycheck. This would be mainly for future planning. +My wife has dental insurance through her dad's employer. + +I'm thinking of enrolling her with my employers dental plan as well because she is planning on getting dental implants that costs about $3500 total. Her parents' plan will cover $1750, so we would be paying the rest out of pocket. I've heard of primary/secondary insurance providers but idk how it works. + +My question is: If I sign her up for dental under my employer, can we have them cover the difference that her dad's insurance won't cover? + +TIA! +first, i am from viet nam , so English not my first's language. i tell about this becuase if i have mistake structure or vocabulary in my question. i want sorry about that. + + now i am studing in medical university. so i am not a economist. + +but 1year ago i try to learn about finance and economic. to investment stock + +i have read investment ( Bodie - kane- marcus ) + +now i am reading principles of the macroeconomic and corporate finance ( ross westerfield jaffe) + +but i have struggle in how to choose stock or compare firm and how to calculate the vaule of firm and what the fair vaule that i should pay for it. + +so can anyone share/recommen me books or programs of your university to learn about this . + +second, it is difficulties for anyone, but if you can. but anyone can take your time to guide me ( become my mentor ) + +tks you. for read my some question +Following the advice in the comments, I've crossposted this to r/financialindependence . Throwaway account for reasons I hope are obvious. + +I've mostly been fairly poor as an adult. Not poverty-line poor, but carefully-counting-pennies-at-the-supermarket-entrance poor. I've cried more times than I can count while stressing about funds and my future. I managed to attend university on loans after two years of saving, though it was touch-and-go once or twice. I spent a couple of years after graduation unemployed on disability benefits (my mental health is more stable now). I have student loans I never expected to pay off, and I've spent the last couple of years slowly clawing my way up from the bottom of two overdrafts. My recent, nice, £30k GBP / $41k USD (annual salary) 6-month job has just been renewed for another 16 months, and I was overjoyed that I should be able to save up enough to go back to university in the UK and study for a Masters in my chosen field. + +And suddenly, out of the blue, I've been left a lump sum of £62k GBP / $84k USD. + +I've been careful for years, not buying things unless I 'really need' them, saving as much as I could. This means that I may not have to work while I'm studying, which is a godsend as my physical health is deteriorating. + +I have an appointment with the bank on Monday. It's been about a month, and I have only told one very trusted friend and my parents. I've bought a Fitbit and an exercise bike, and I have splashed out a little on groceries, but I keep reeling at how MUCH I have. I can attend my friend's wedding next year without worrying about transport costs. I could buy my housebound friend a mobility scooter. I could pay for my Grandad's carehome expenses. I could buy everything in my Steam Wishlist and barely make a dent. I could leave the UK and its Brexit nonsense. + +Does anyone have any advice for what I should do with this money? I never expected to have the funds to be able to invest / do stocks or any of that stuff. My friend used to talk about setting up bank accounts and shifting money around from one to another to make it grow and I couldn't imagine doing something so high-risk when the stakes were higher for me. I want to be smart about this but my savings mentality so far has been "feel guilty when I buy unnecessary food" and "buy everything second-hand wherever possible" and I am ill-equipped for this windfall. Where do I even start? + +Help? + +Edit: I've had a few people tell me to clear debts, so I just want to clarify. I was actually out of my overdrafts and had the beginnings of a savings account, due to the 'new' job. Student loans in my country come automatically out of your salary before tax/national insurance once you earn over a certain threshold annually. So, technically, I don't think I count as 'in debt' any more. + +EDIT TWO: I haven't been able to really talk this through with anyone IRL, and just having people calmly explain spell things out for me in the comments like this is heartwarming. Everyone seems to recognise that I hadn't ever imagined such a sum, and you are all adapting your replies accordingly. Thank you all so much. +I cant tell if I'm overthinking it but if I'm over the income limits to contribute directly to a Roth this year after having had one for several years, is the process really as simple as to open a traditional IRA account- put the $6k in there first and then immediately move it to a Roth and I'm good to go? + +Is it really that simple? It feels like an extra step and I'm not sure of the purpose but I feel like it can't be that easy? +A while back many of us including me voiced our opinion on trust pilot in regards to the £5.99 monthly charge on their cashback credit card. so it wasnt in their favour. Recently this seems to have changed to mostly positive reviews again but if you look closer they come from generic names with a history of one review. Are these bogus reviews?, or are they given an incentive to post these reviews?. +If a stock increases 300%, traditional market sentiment dictates that you SELL DUMMY! + +BUT, we don't! This frustrates shorters so much because the holders of the stock are impervious to emotional manipulation. Everyone needs to stick to being 'stupid' in terms of unusual financial sentiment and hold even through crazy gains that 'should' be realised by any rational investors. + +Diamond hands HAVE to be traditionally irrational hands. Keep holding! +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. +I've been buying Bitcoin every month since October 2017. I've never sold any Bitcoin. I wanted to document my journey from 'no savings fiat bro' to 'nice stack free man bitcoiner'. I document my journey in this blog. Hopefully it will inspire you to grind some extra hours in your fiat mine, to stack some extra Bitcoin while you can, and to hold that precious Bitcoin even when the bear market tries to tell your lizard brain "you failed, now sell it all". + +I can do it. You can do it. We can all do it. Let's stack some motherfucking sats! + +[https://er-bybitcoin.com/stacking-em-volume-20-march-2022/](https://er-bybitcoin.com/stacking-em-volume-20-march-2022/) +I know there are a lot of new investors here so I just wanted to share some advice. I am mostly a short term trader at the moment and hold small positions in stocks I intend to hold for a long time. I am ready to go all in again on my long term portfolio when the valuations are attractive. I study macro economy as a hobby. + +# Are we in a stock market bubble? + +The best indicator of whether or not the stock market is in a bubble can be seen in this chart. **Charts don't lie.** + +[https://www.longtermtrends.net/market-cap-to-gdp/](https://www.longtermtrends.net/market-cap-to-gdp/) + +This chart shows you the **market cap to gdp ratio**. It's basically a chart that shows how overpriced stocks are compared to the actual economy. When stocks reach above 1 then it's in bubble territory. US stocks are currently at **1.478**. At the peak of the dotcom bubble that number reached **1.4**. At the peak of the housing market bubble it peaked at **1.061**. + +# Market sentiment during peak of bubble + +At the peak of a bubble you start noticing a lot of people that have gotten rich from the stock market. People are buying stocks on margin thinking that the Fed will always save the day. It is very easy to just buy and walk away and you see your portfolio double and triple. You see a lot of hysteria in the market as you see now. This happened during the peak of the dotcom bubble and the housing bubble. People were buying tech stocks with $0 in revenue thinking they would be the next Google. They didn't care the company wasn't making any money and thought the stocks would just keep going up. FOMO (fear of missing out) is common during these times. A lot of new traders hop in when they see all their friends getting rich. During the housing crisis people with low income jobs could easily get three mortgages to buy big houses thinking they would go up forever. As we all know now, they don't go up forever. Today, we see companies like Nikola with $0 in revenue skyrocket because a lot of speculators are jumping in. But who knows, maybe they will become the next Tesla. I personally would avoid it. This article explains market sentiment during a bubble well. I think we are in the "return to normal" stage where a lot of people were buying the dip. + +[https://www.quora.com/Which-are-the-5-stages-of-a-stock-market-bubble](https://www.quora.com/Which-are-the-5-stages-of-a-stock-market-bubble) + +# How to invest during a bubble + +Bargains are not easy to find during a bubble but if you do enough research you can find them. Even during the past recessions, if you were able to find companies that were a bargain, you still would've made money. I thought airlines were a bargain when they hit rock bottom but apparently Buffett had second thoughts. **Buffett never sells his stocks**. When you see him selling stocks in a company, that means there are serious problems with the company. He knows a lot more about companies than most of us do. The table below is from Bridgewater Associates. They did a study on a macroeconomic level on the impact of COVID-19 on the economy. + +[https://imgur.com/xkDBwVC](https://imgur.com/xkDBwVC) + +According to this table if the unemployment rate is at 10% you can expect an 85% drop in earnings for the airline industry. Currently the unemployment rate is 13.3%. Currently AAL stock is at $16. If you do the math and calculate the potential earnings drop, the price of AAL isn't considered a bargain unless it is less than $5. Buffett sold AAL at $11 and he is right. + +One industry that took a huge hit but Buffett still held onto were oil stocks. Oil stocks hit rock bottom during the recent crash due to oil prices dropping. I think oil companies could potentially be a bargain right now. + +Also, with all the money printing being done by the fed, gold is looking more and more attractive. + +# How to invest like Warren Buffett + +Buffetts strategy is actually very simple. **Buy when cheap**. Even if you have to wait 20 years for it to become cheap. You need the patience like him in order to become a legendary investor. He follows the market cap to gdp chart closely. When the market goes through a recession and the number drops down to below 0.8, watch him go on a buying spree while everyone else is crying. He does this during every recession. He rarely buys when valuations are high like now. + +# Are recessions bad? + +Recessions tend to happen every 10-20 years in a healthy economy. The most recent one was in 2008. The one before that was 1999. We were long overdue for a recession but the Fed has been delaying it via quantitative easing (money printing) and keeping the interest rates near 0%. Most people think recessions are bad but actually they are healthy for an economy. Economies like the US go through debt cycles. Debt goes down during these recessions and the economy emerges more efficient and it is better for the consumer since prices drop. We are currently at the very end of this current debt cycle and you are noticing the signs of it. Wealth gap increases and social unrest increases. Interest rates are at 0%. A new power (China) emerges and contests the current power (USA). Fed is constantly printing money to keep the stock market from falling. Rich get richer and poor get poorer. A deleveraging process (recession or depression) usually fixes a lot of this. (source: Big Debt Crisis by Ray Dalio) + +# Are bubbles bad? + +Most people think of bubbles negatively since the majority of people lose money during these times. But from macroeconomic point of view bubbles aren't so bad. These periods of high debt are when entrepreneurs emerge and start companies. They can easily get low interest loans like we see today. Few of those companies are good enough to become the next Apple, Facebook, Tesla, Uber, etc. The best companies will survive the low debt periods (recessions). The economies with the wildest debt swings are the ones that are the friendliest for entrepreneurs. + +# Where is the stock market going in the short term? + +Nobody knows the answer to this. I see a small upside potential but a large downside potential. Which direction it will go in the short term is anybody's guess. One thing I've noticed is Trump is trying very very hard to inflate the stock market bubble. He knows he is not getting re-elected if the stock market crashes now. He is pressuring the Fed to constantly print money and he's spending helicopter money like a madman trying to prop up the stock market. This may be good for stocks in the short term but has serious consequences for the long term, since the already huge bubble becomes even bigger. Also, during a deleveraging process a lot of high debt companies declare bankruptcy. This is when the Fed needs to step in and save the essential businesses. You can't let large essential companies fail, since that might take down the entire US economy. When the auto industry failed in 2008, it took down entire cities along with them. All this spending that the Fed is doing now worries me. They might run out of ammunition when they really need it. This next recession might be very very bad. Recently, Dalio issued a warning to his investors about a “lost decade.” If he is right, that means we won’t see stocks go back to 2019 levels for the next ten years. + +This doesn’t mean dump all your stocks today. I’m just giving you the advice from Dalio and Buffett. They may be wrong too. You should always do your own research and make your own decisions on how to invest. I personally think they are right. They are smarter than most of us here. + +Source: Most of this content is from Ray Dalio and Warren Buffett, the investors I admire the most. +I work an office job that overlaps exactly with the London New York overlap, plus a few hours after. I've been reading and toying with mt5 and coding some simple EAs to get a feeling of risk management and the interface in general, but before I put any money I have of course to trade with a demo account and know I'm profitable. And although I'm not crazy busy at work, I can't have mt5 downloaded and working on the trading, I think. +My poverty temporarily broke me today. I recently lost my job and was lucky enough to get a new one but my bills were due and I didn’t know what to do. So I started a fundraiser and I was so happy when my friends actually supported me. I was able to raise 160$ I was so happy. But now the check from the fundraiser is taking forever to process and my bills are pulling. I’m getting charged more in overdraft fees than what I raised so it’s like I’m so poor I can’t ever get ahead. Not even if I move heaven and earth to raise money it doesn’t matter because something always comes up and takes it from me. I’m just so tired. I just want to work but that will take forever to get my first paycheck. Just so broken by money. + +Edit: I am a lot calmer now thanks everyone. Just had that overdraft PTSD panic attack. I’ll keep at it I’ll let you guys know when I get that first paycheck. My old job sucked that’s why I have no savings and post in poverty finance lol but this new job will pay me 2 dollars more an hour to start :) can’t wait thanks for the support everyone + +Update: money finally cleared so at least I won’t over draft anymore. Right before the other bills pulled too, so things aren’t that bad. Thanks again everyone. + +More update: wow this post blew up thanks for the karma. Some one said to make a Venmo so I did + @KPacheco-55 +That should make things faster next time + +Thanks for everyone that reached out really made me feel connected and way less alone. Great advice everyone I tried to keep up with comments. thanks to anyone i missed + + +Transcript i made from an interview that took place 1 month ago ( sorry if there are some mistakes ) + +[u/atobitt](https://www.reddit.com/u/atobitt/) can confirm or correct this. + +When you have 2.9 million shares to borrow, you have to realize that the number you see is "reported" on ibkr or fidelity (I have fidelity) + +A few months ago, we started investigating this and calling fidelity representatives to try to figure out how they calculate it ... we got 3 different answers from 3 different representatives ... + +No one knows who the shares are being located by ... they just say this is confidential, we can't provide it ... but the way the number comes up on the terminal (where you read the available for borrowing) is a calculation of what they believe SHOULD be available, based on volume, the position number that is actually reported as available for borrowing, but when it goes down to zero and the next day you see 2.9 million shares, those shares can be taken out of anything ... + +They can be taken out of ETFs, XRTs, it could be a day when somebody came in and bought a bunch of shares ... like two days ago there was a huge spike right before the close, it could be a short position that is being hedged and now all of a sudden those shares are now available for lending ... but the important thing here, you have 2.9 shares available this morning ... what is the first thing people are going to do when they see this ... they're going to think : "oh fuck something's wrong, something's happening".... the cost of borrowing went down a little bit regardless it was held for about six weeks, it peaked, it stayed a little bit higher, it peaked and then you look after four weeks ... + +All of a sudden things happen like towel, popcorn, babypopcorn..... Gamestop.... relaxing ... the price stays the same, maybe it goes down ( if you look at the six-month chart you have a good support line) and when you have low volume, low demand, it's really easy to hit with a bunch of shares through the shorts and bring the price down, and so . . those 2.9 million shares no one knows what they are for ... if they were borrowed right now and sold instantly in the market ... they could have borrowed 2.9 million shares, to cover last month's FTDs ... + +It's so hard to try to figure out what's going on or what they're going to do with it ... in days with 4 million, 5 million in volume, why would you want to borrow 2.9 million shares if you're going to short them anyway ... + +TL:DRS +Have you ever wondered how would be like to have the power of anonymity in your hands? + +To watch and support your favorite fans and no one to find out where is your money going? + +Want to support your fans and also earn $ at the same time? + +Are you enough of no-utility tokens that are getting rugged after a few days/weeks? + +Have you lost your faith in the projects that keep launching? + +Let me present to you the unique token that can make all of these possible: + +MoonlyFans - World's first Dump-Fighting token with a Built-In Anti-Dump Mechanism + +Since tokenomics are one of the most important features of a project, they paid a tremendous amount of work to even the smallest detail to achieve perfection. + +👌 10% Taxes + +👌 5% Burn + +👌 Anti-Dump Mechanism + +❓How is that process happening, you may ask? + +They are developing the first API that allows you to subscribe to your closest to one's heart OnlyFans influencers using Cryptocurrencies, being the most important feature of this project❗️ + +❓Someone really finds this project useful? + +Yes, it is backed by lots of big influencers on Tiktok/Youtube/Onlyfans/Twitter. + +❓What are the following steps of this project? + +✅ Listed on Coin Gecko + +👌Massive Marketing on PooCoin + +👌MoonlyFans listing on CoinMarketCap + +👌Expand MoonlyFans Marketing Team + +👌Multiple exchange listings + +👌Release Utility Platform Beta + +👌Mia Khalifa promo x3 and Johnny Sins promo secured + +👌Holders Rewards Event + +👌Continued Acquired Partnerships with Massive Influencers + +👌 90T token burn from tax wallet today + + + + + +Finally, it is time to achieve your well-deserved freedom❗️ + +--- + +LINKS + +📲Telegram: t.me/realmoonlyfans + +✅ Contract: 0x95a566d335872f7ee447d5010ecef96c1806cb82 + + +Join our telegram to check out our other socials ! +Please keep this daily discussion limited to discussion focused on $GME. A new daily discussion will be generated each day, and previous discussions can be viewed through the Collections sytem. + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +Remember that you can [**use the flair index to filter posts**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/). + +*Daily discussion threads are created at 4:00 a.m. EDT* +I have posted a few analysis in the past, and quite a few of them were wrong. I used the flair DD because there isn't much definitive difference between "Possible DD" and "DD". Also, I think the flair "DD" causes apes to assume it is immediately THE TRUTH. To prevent false information from entering into superstonk, any submitted DD should have a "Speculation" flair until peer reviewed for accuracy. The "Possible DD" and "DD" flair should be removed and only mods should have the power to grant it. +With all the doom and gloom in the media saying we are heading into 2 year recession etc, I'm quite surprised. I don't check my vanguard account much but logged in to see that my FTSE global all cap is doing ok (been a bit volatile over the last year but hasn't really dropped much overall). + +I know it is not a good idea but can't say I'm not tempted to cash out and see how the market looks in another 6 months or so. +I'm sure all novice investors have gotten the idea to buy options before earnings in hopes of making outrageous money on big moves, only to be brought back down to earth by the IV crush concept. + +So yesterday (Jan 20) I bought one NFLX $400 PUT Exp. 1/28 for $56 in hopes of learning about the infamous IV crush from firsthand experience. This morning (Jan 21) I sold said put for $1500 and learned absolutely nothing of IV crush. + +Why didn't my put get crushed? Can someone actually explain how it works and when it does/doesn't happen? Thank you! + +EDIT: I think it’s interesting that a lot of responses are “first time is always free” and “beginners luck”. I’ve been trading regular stocks for 3 years, options for about 4 months. The only thing “first time” about this put is that it was intentionally purchased before earnings and not even for the sake of making money, I was fully prepared, even almost looking forward to losing the 56 bucks to get a lesson out of it. Guess I could’ve just asked Reddit lol. Its just no matter how much I’ve googled and YouTubed I haven’t quite fully understood the iv crush concept. Even after great answers here I still don’t get it all the way, I guess there’s just multiple moving variables in calculating an options price that I need to dive deeper in understanding. +After 15 years and > $1M invested, I need to move everything to another brokerage. I have only ever used Vanguard and still believe very much in the "boglehead" approach to investing, but I will be moving all of my investments to another brokerage. Vanguard's customer service has gotten so bad that I never want to deal with it again, and thought to share my experience as Vanguard is still so frequently recommended on /r/personalfinance. + +Summary of events for my recent request to transfer a Vanguard (company sponsored) 401k to my existing Vanguard IRAs: + +* 6 calls + +* +2 hrs of being on hold (not including call automated call-backs) + +* +30 min on hold during which the rep was "looking up the appropriate team to transfer me to" + +* 6 transfers + +* 3 transfers dropped + +* 3 times where I was told the correct # to call if transfer was dropped is the same exact # that I originally called (and was talking to the person transferring me from). + +And then, after all of that, Vanguard's rep tried to push for having me sign up for use of a "personal investor". They only confirmed the .3% fee after I explicitly pointed out that this is not a free offering and goes against my *boglehead* approach to reduce fees if at all possible. + +This is beyond pathetic and not a company I trust my life investments with any longer. + +So which brokerage is worth moving to? Fidelity, Schwab... something else? +Based on last year's algorithms, we would have gotten back $1200, but we owe money instead. I cried after I finished my taxes for like an hour. I don't know what to do now. It's been many, many years since my last not-a-family-obligation vacation and now I have to postpone again. + +Edit: Because some people have been asking, my full time job did not withhold any taxes in 2017 at all, and just started withholding them for my husband and I in 2018 (he works part time at my full time job) so my paychecks were smaller in 2018 than 2017, of course. I was just disappointed overall and thought some people would like to commiserate. + +Edit: I only owe $90, but since I was expecting money back, I was sad. I was really hoping for a vacation, that's all. I don't really have any paid time at work, so I have to save enough to pay myself for my vacation days. + +Edit again: I'm mostly upset because my tax liability went up after last year without my noticing it would happen. I didn't think it was possible considering how little we make, but there it is. +I'm someone who is interested into tech in general. + +It's making sense to me to invest in tech stocks, since I have good knowledge of the companies. + +On a financial stand-point, do you think it's a good timing to enter market? + +Seems everything is up (bull run). I'm afraid everything will go down the minute i buy at current value :) + +&#x200B; + +Any advise? + +&#x200B; + +I'm interested to AAPL, AMZN, GOOG, MSFT. + +Also, for diversification purpose, smaller portion of portfolio : WEED, ACB, JNJ, TSLA +You missed a stock, rally, or put chance? It's ok. It'll come back, at a better price too. + +What if it doesn't? It's ok. There are other stocks, other opportunities that will line up for you. + +Don't track every minute of the market. Don't read every single post claiming to have rocketed to the moon. Choose some solid stocks, make your own plan, and avoid the "yolo i am all in" approach. + +Personally, I see stock market as a supplement to my humble paycheck. I'd love to someday see it get to the moon of course, but so far my patient approach has kept me content. I take a few bites here and there, keep adding to my portfolio and occasionally sell too. I make mistakes too, but within my limits. And sometimes it sucks to see how little I make in comparison to the more sophisticated, rich players. But I am proud of all that I have so far, and everything I have, starting from scratch just a few years ago. + +Go watch some Seinfeld. You deserve it. + +&#x200B; + +Edit: Thanks for your positive messages, comment and awards! This is my 1st post here, glad I could connect. +I went to college and graduated but went to prison soon after about 18 months ago. I just got out on parole and am looking at the aftermath of my finances. I'm getting so many letters and calls from so many different companies I don't where to even begin... + +I know I had 3 credit cards, two from wells fargo and one from capital one. Apparently capital one sold off my debt a while back but wells fargo still has mine? Student loans are all over the place. I know I took out some personal loans through discover but I'm lost as who are all the companies (or just one company) that holds all my regular student debt from the university. I know at some point my loans started coming through another federal company cause of some changes in law but I'm completely lost. I just got a big ol pink letter saying my student loans are about to default. + +While I was in prison, some student loan company found me and sent me a letter and I was able to defer it for a year but that time has passed a few months ago. Right now I'm jobless and am crashing at a friend's house but I'm aware of how serious a student loan default is. + +This is all beyond what I'm mentally capable of handling right now. I just went through a stock pile of letters that were saved in the past year and am too overwhelmed to even know what to do first. What can I even do? Even if I had some crappy job (I'm engineering by education...) my first concern is a roof over my head and food. I don't even know what to tell these people when I figure out the mess of who the hell a actually owe and what. Please help me... I stayed out of trouble in prison and continued studying and try to study programming to maybe get a web dev job on the side. I want to do the right thing and get out of this endless black hole. + +---- + +EDIT: I spent the last hour reading through every comment here and I think getting a free credit report to see who I owe since I haven't really had an address or phone would be a good first step. I should have said my debt is mainly student loans (80k public, 20k private...best guess...) and my credit card debt is about $6-7k so I'm really iffy about declaring bankruptcy but I will at least talk to a lawyer and learn more about the best route to take. + +Lastly, I got a lot of positive PMs and comments and even that small boost from a message from an internet stranger gives me hope when I let something like this bring me down. I hope one day I can post an update saying I got a great job, beat the statistics, and give hope to other felons who are trying to do the right thing. It was definitely a life changing experience and has changed my views about the prison system in general. Thank you very much. +I work for a pretty big company (name of a big rainforest) and I recently joined a team as someone who handles problems. + +Our systems became 80% automated so most problems are now resolved without me stepping in. From maybe 7hours of work a day, I’ve timed myself to doing an hour and 48 minutes of work a day on average. The rest I spend watching videos, browsing reddit. + +I’ve spoken with several higher ups on my team. They have confirmed I have job security, that I just literally handle any problems that come my way, I asked for any other assignments and they told me not to worry, just to focus on any issues with the system. + +I’m bored out of my mind and I’ve signed a contract for another year and a half. The thing is, I’m guessing I’ll maybe receive 5% of problems where I need to do actual work once they automate as much as I can. + +Do I start looking for another job? I feel as if I’m blessed enough to be in this position, but seems too good to be true. + +Update: Thank you guys! I spoke with several higher ups about how I felt, from going to doing 6-7 hours of work a day to 1-2 hours a day. I asked that I be cross trained with new incoming teams so I could help with their systems. Most of them loved the idea and actually offered to give me a pay raise! + +A few asked why I wanted more work, told me that my position was eventually meant to be like this and again, assured me that I didn’t need to do anything more. + +I’m going to be working with new teams starting in a month. Till then, I guess I’ll enjoy this. For those who say to enjoy my time: I’d rather be productive, I felt like I was contributing nothing and not doing anything with my life for the past few weeks after automation. Not to be ungrateful, life just felt a little stagnant, + +Just bought “The Last of Us”. + +Thank you all for your kind advice:) +My partner wants to spend a couple of years in the UK and I was initially super keen. Being in IT, I’m starting to get really worried about the seemingly low salaries in the tech sector (at least 30% lower in tech consulting, not sure about dev). Does anyone have any experience with moving/thoughts on this? I’m worried I’d be taking a huge pay cut without any obvious career returns down the track and whether it would ultimately be worth it. +As we await confirmation of the stimulus bill, it's hard to imagine how much room the market has to run without some kind of correction. It's days like today where we continue to see the stimulus bill get steadily price in and once the gavel hits in Washington I suspect much of it will already be reflected in the market. Now the one thing that could bolster this rally forward is additional positive vaccine news, whether that be improved distribution or another candidate coming forward with an additional vaccine. My top 5 holdings are Shopify, Salesforce, Pinterest, Apple, and Nvidia so I am not feeling guilty shaving profits off the top, albeit gently. I continue to remain a very longer term investor and am always hesitate to sell but raising 5-10% cash is what's called risk management, the market doesn't always go up. I'm always risk on but you'll never make money if you don't take profits and have cash on hand waiting for that market correction. I never claim or try to time market moves but we should all live by the philosophy of buy low and sell high, and right now we are high. + +&#x200B; + +Seacow +First of all. I have no idea of anything. I eat crayons and add some crayons for special flavor. + +I am not in any kind a financial advisor. As well I am not liable for the information provided in the following. I'll just post some links and you decide what you want to do, as always. + +&#x200B; + +&#x200B; + +[Burry's bookshelf](https://preview.redd.it/d8zl31dquqr61.png?width=1500&format=png&auto=webp&s=57376f489832d8dcfe8b34686c1b31088ff47b98) + +We all know that Michael Burry was visited by the SEC to stop tweeting about bubbles, hyperinflation, yadda yadda. In the meantime, his twitter is deleted (was deleted?). Dead end. + +Before this happend, **his profile picture changed into a book shelf -** [**wayback machine, i love you. deleted over there in r/GME**](https://web.archive.org/web/20210331213750if_/https://www.reddit.com/r/GME/comments/mh3sar/michael_burrys_new_twitter_profile_and_background/) **- and everybody was like, "wTf iS tHiS biG sHoRt iN jAPanEsE???"** + +I don't know, but the books on the right hand side were kicked off. + +&#x200B; + +Besides that, I was digging in CLOs: basically CDOs (wrinkles from 2008 The Big Short, gotcha) but instead of MBS (mortgage backed securities from subprime debtors), they are filled with leveraged loans/subprime debtor companies. [Investopedia Introduction](https://www.investopedia.com/terms/c/clo.asp) \- so, same shit as 2008? Pretty, yes. + +**Go and read this Guggenheim Paper about CSOs** (Collateralized Synthetic Obligations, basically derivatives on CLOs): [Guggenheim Paper: The Rise of Collateralized Synthetic Obligations: Beware the Rhyme of History](https://www.guggenheiminvestments.com/perspectives/portfolio-strategy/the-rise-of-collateralized-synthetic-obligations) and [here is some background on CSOs vs CLOs](https://www.quantifisolutions.com/why-invest-in-csos-vs-clos) + +&#x200B; + +[Anatomy of a CSO](https://preview.redd.it/11jmg96eupr61.png?width=1021&format=png&auto=webp&s=597bd738e753a9efd9982599f2302f34b00d2ecc) + +**"Well, this sounds pretty like pre-2008, dont y'all think so?"** + +Then have a look at this beauty: [Source](https://www.bis.org/publ/qtrpdf/r_qt1909w.htm) + +&#x200B; + +[Comparison of CDOs vs CLOs. ](https://preview.redd.it/9d5ls4mqtpr61.png?width=400&format=png&auto=webp&s=3ce1f3f2428a89bae89e167efc4b2b97a1626c77) + +Market for leveraged loans is rising. The stuff is set-up in tranches. Covenants and debt coverage weaken (20% is up to a debt-EBITDA-ratio of more than 6x!). Equity tranches are held by HFs and Structured credit funds. + +**"Well, this sounds pretty like pre-2008, dont y'all think so?"** + +The SEC released a paper on the "[u.s. credit markets interconnectedness and the effects of the covid-19 economic shock](https://www.sec.gov/files/US-Credit-Markets_COVID-19_Report.pdf)": Especially Chapter 4 is worth a read and re-read. The Summary: + +&#x200B; + +[Summary of Chapter 4](https://preview.redd.it/fwdj9k79vpr61.png?width=880&format=png&auto=webp&s=44318c20f4ebaad7963a441e5492356b2f7518d4) + +**Well, cool! As long as no one defaults everything is fine and business as usual.** + +&#x200B; + +I wanted to look into the source of the above graph which is " Fitch Ratings, "Leveraged loans & CLOs in financial institutions", August 2019", footnote no. 3. But then I stumbled upon this [Forbes Article by a Consultant for Bank-Regulation, you could probably say an expert.](https://www.forbes.com/sites/mayrarodriguezvalladares/2019/08/10/leveraged-loans-and-collateralized-loan-obligations-have-significant-capital-implications-for-banks/?sh=752260bb6f74) + +"According to Fitch analysts, “A few Japanese banks, particularly Norinchukin (unrated), have been very active in buying CLOs. While banks are often selective with CLO managers, we believe the correlation of CLO investments means the asset class will largely move together irrespective of manager selection. Mid-sized banks are more likely to have riskier positions relative to their expertise and overall financial strength.”  Of concern is that Norinchukin’s CLO holdings are “equivalent to 103% of its CET1 capital and it has accelerated its buying in the past year.”  Japan Post Bank also increased its CLO purchases significantly in 2018, although its overall exposure is lower than Nornichukin's.  Japanese mostly hold their CLOs as available for sale. Hence, those banks with large CLO exposures would be adversely affected by mark-to-market losses if CLO tranches are downgraded." + +&#x200B; + +**"Who is Norinchukin? Never heard of?"** \- [Nevermind, it's only a bank focused on agriculture, forests and fishery with total assets amounting up to 970,752 Million USD.](https://www.nochubank.or.jp/en/ir/annual_report/pdf/ar_2020.pdf) as of 31 March 2020. That should be 970 billion USD which is almost 1 trillion USD, if I am right. Nothing, right? + +&#x200B; + +**"How active is Norinchukin with CLOs?"** + +[As of 1st July 2020, S&P:](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/japanese-banks-warned-of-covid-19-impact-on-overseas-clo-investments-59253681) "Japanese banks, among the world's largest buyers of collateralized loan obligations, should be cautious about their holdings of such securitized products as default risk of underlying loans could be rising, albeit still low, amid prolonged pandemic disruptions globally, experts say. + +Although rising risk aversion have pushed prices of CLO notes down in the secondary market, which has led to unrealized losses for CLO investors worldwide, the Japanese banks are in a relatively better position, at least in the near term, as most of the notes they hold are rated AAA, experts add." + +&#x200B; + +**"Cool, they are rated as AAA. So they are secure."** + +[Same Source:](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/japanese-banks-warned-of-covid-19-impact-on-overseas-clo-investments-59253681): "Japan's top CLO investor, Norinchukin Bank, told a press conference in May that it would refrain from investing in more CLOs. + +The bank, which manages assets for farms and fishing cooperatives, held ¥7.7 trillion of CLOs as of March 2020. It was down from ¥8.0 trillion as of end-2019 but up from ¥7.4 trillion in March 2019. + +**Although default risk of CLOs appears low for now, rising risk aversion among investors had led to an unrealized loss of about ¥400 billion of its CLO portfolio in the March-end quarter.** + +"Of course, there is the big risk of their \[the Japanese banks'\] CLO investments," said Makoto Kikuchi, CEO at Myojo Asset Management Co. *"Chances are high that even highly rated bonds will be downgraded," hit by recessions due to the prolonged Covid-19 interruptions.* + +*S&P Global Ratings recently forecast that the U.S. trailing-12-month speculative-grade corporate default rate will likely increase to 12.5% by March 2021. But if COVID-19 cases resume their rise later this year or early next year, the default rate could go up to 15.5%.* + +*JPMorgan, meanwhile, predicts a default rate for leveraged loans to just below 10% by the end of this year."* + +&#x200B; + +**"Hm. Corona still here. So the predictions might come true? Are there other predictions?"** + +Research from LCD Research: [https://www.spglobal.com/marketintelligence/en/news-insights/blog/banking-essentials-newsletter-march-edition-part-2](https://www.spglobal.com/marketintelligence/en/news-insights/blog/banking-essentials-newsletter-march-edition-part-2) + +&#x200B; + +[Date of forecast: 10 July 2020](https://preview.redd.it/n0jch80pypr61.png?width=901&format=png&auto=webp&s=7315b2beb140d3b3f1f2635b8add67fa33d5b5f0) + +Data is from July 2020, unfortunately. Haven't found anything better yet besides this [Fitch Report](https://www.fitchratings.com/research/structured-finance/fitch-ratings-expects-to-revise-significant-share-of-clo-outlooks-to-stable-22-01-2021) from January 2021. According to them, the short term outlook for CLOs stabilizes. + +&#x200B; + +**What do you think about that?** IMO, I havent checked and prospectus from CLOs, but what would be interesting to know: How does a downgrading of junior tranches affect senior (e.g. AAA Tranches at Norinchukin?) Maybe we can get some wrinkels on here? + +&#x200B; + +**Edit1:** included the pic of Burry's books + +**Edit2:** [Risk of CLO losses keeps Japans banking regulator on alert](https://www.bloomberg.com/news/articles/2020-05-28/risk-of-clo-losses-keeps-japan-s-banking-regulator-on-alert) \- 126 billion USD = 13 trillion YEN, which was around 15% of all CLOs in 2019. + +&#x200B; + +https://preview.redd.it/0ddn7g1wvqr61.png?width=821&format=png&auto=webp&s=b0a29b61abc1adf84b0f20390e19147df3d379e8 + +"Whether the highest-rated securities eventually get cut “depends on how bad the real economy becomes,” said Tomohiro Miyasaka, chief securitization analyst at SMBC Nikko Securities Inc. in Tokyo. “It could become more likely if the economy gets worse.” + +Authorities in Japan have been growing increasingly concerned about financial institutions’ exposure to CLOs. Prices could fall as much as 30% should top-rated bonds be downgraded to AA or A at a time of market stress, the Bank of Japan said in a [report ](https://www.boj.or.jp/en/research/brp/fsr/data/fsr191024a.pdf)last October. Rating cuts may also lead to higher capital charges for banks because lower-rated securities would carry a higher risk weighting. + +\[...\] + +Lenders have so far been insulated from CLO price drops because they focus on holding top-rated debt until it matures and don’t need to realize losses until the value of the securities falls by 50%. AAA rated CLOs touched 92 cents on the dollar in March and have since recovered to trade at almost 98 cents, according to a Palmer Square index. " + +Can we talk about why AAA-rated tranches have been excluded? Of course, they are senior etc. yada yada. But we know that Rating agencies do not operate all by themselves. They are paid by the originators, right? A downgrade would lead, for sure, to some dumping of these garbage CLOs on the market which would probably lead to a full-blown sell-off and the start of the "Japanese Big Short". Proof me wrong + +**Edit3:** + +just as I was typign Edit2, u/guywholikesjapan came by and dropped this masterpiece: + +[Competition among CLO Raters may challenge dominance of Moodys](https://www.bloomberg.com/news/articles/2019-06-25/competition-among-clo-raters-may-challenge-dominance-of-moody-s): " + +**Kroll does not rate the underlying loan assets.** Instead it can use what is available in the form of outstanding public ratings from other agencies, as well as its own work to provide ratings analysis. “We live and die by investor acceptance,” said Noé. “**We approach investors before the issuers and are actively working with some of the largest investors in the market to ensure we are providing them with a valuable service.** You have to get your way on to deals to start with and build from there. We have now achieved this on all the major asset classes in Europe.” " + +Ok, tell me how you can rate a basket of loan assets without rating them or looking at them properly? Did he just say "valuable service" which could be interpreted as "we give you the stuff you need, we'll build a special relationship here..."? + +This is a huge kindergarten: "Mama Moodys and auntie S&P gave me a bad rating, so I think I'll have to go to Daddy Kroll, he gives me the rating I want and the rating I need." + +&#x200B; + +**TLDR:** + +**CLOs and CSOs on the rise, quality declines, Japanese Banks own huge amounts of CLOs of good quality. Nevertheless, defaults are predicted to rise. There is still a huge conflict of interest regarding the ratings of CLOs (and probably all kind of structured derivatives).** + +**Not financial advise.** + +*Tagging as Discussion because it's not a full-fletched DD at all but maybe the starting point for such.* +OK I am going to try one more time to stop the spread of misunderstanding on this sub. Even Pixel in a recent tweet got this wrong. + +**What is a share recall?** + +This is very simple. When a lender gives somebody a share to short they retain one very important right. At anytime they can ask the person who borrowed the share to return the share. Now remember this is a ***right not an obligation***. + +**What is the 4/20 date?** + +This is simply the date by which all registered owners (typically institutions) and beneficial owners (typically retail) must be recorded so they can vote in the AGM. That is it. It is **NOT** a share recall date no such thing exists. + +**OK so where does the confusion come from?** + +It is correct that if your shares are on loan (registered or beneficial owner) you cant vote. So if you want to vote you have to make sure your shares are back in your account by that date. Now for retail if you are on margin then yes typically your shares are on loan but you don't have the direct right to recall them. + +What you have to do is make the account you are using is a cash account and make any lending programs are turned off. + +And yes I saw the TD email doing the rounds, this even shows customer service reps don't get it. What the person I assume meant to say was all shares have to be recorded on the 20th and if those shares are on loan they must be recalled by this date. + +But let me reiterate on the 20th all shorts are **NOT** going to be forced to return shares. Remember what happened last year? Yes that's right no institutions voted, why? Their shares were on loan and they never recalled them! + +EDIT: + +I was asked by some posters to point out that if some of the large lenders did indeed recall to allow them to vote then yes this indeed could be a significant event. +Netflix $NFLX plans to spend $6B on original content in 2017, with that number substantially increasing in the coming years. + +"As we grow the membership base, we want to grow the current budget," CEO Reed Hastings said at the Code Conference. "There are so many great shows we don't have yet." + +He also commented on what he sees as the greatest competition, citing Amazon as one of the biggest threats to his business. + + +**Big addendum/ edit in response to comments....** +Thanks for all the feedback. I decided to double check my assumptions again with Firecalc and feel comfortable this can work. + +Since I can tap the 401k using the age 55 rule, I'm treating that as liquid investments that is available now. Throw in the other odds and ends, and we'll call it $1.5 million. I assume the retirement starts at end of 2020/early 2021. I assume spouse takes early social security two years later in 2023 and I take it on time in 2029. In addition, a $25,000 annual pension for me starts in 2027. + +I have reduced my estimated annual budget to $90,000 after tax, which I think is adequate to cover the housing, food, even some extensive travel if planned carefully. (This is lower than my original figure). It is above a traditional safe withdrawal rate but that is where later retirement income comes in after 8-10 years. + +I used Bernicke's reality spending model that assumes spending would naturally decrease in retirement. You travel less, eat less, buy less new clothing or other crap as you get older, that's normal. + +I assume a lifespan of no more than 25 more years, based on actuarial tables. If I had to guess, that is a very optimistic time frame for me at least. The results... + + +**FIRECalc looked at the 124 possible 25 year periods in the available data, starting with a portfolio of $1,500,000 and spending your specified amounts each year thereafter. Here is how your portfolio would have fared in each of the 124 cycles. The lowest and highest portfolio balance at the end of your retirement was $1,187,785 to $9,323,997, with an average at the end of $3,903,777. ** + +That feels pretty safe! Most of the variables — other spending models, later SS benefits, etc — make little difference. + +In a very worst case where Firecalc is wrong, market crashes for 15 years, SS goes belly up, pension fund gets stolen, etc, we could sell the condo, invest the equity and move to a lower cost situation anytime. Or the equity could buy into an assisted living place in very old age. What am I missing? + + +——————— +Original post with minor edits: + + + +Throwaway account. + +I am 57 in HCOL city. Enjoy my work, top of my field, but day to day corporate struggles feel like a waste on bad days. The many more great days are wonderful and rewarding. But I am not the master of my time. The compensation comes with obligations. The vacation is generous but I still work most of the year. I can see from my numbers that I could FIRE but still feel strongly about the mission and loyalty to people I hired and supervise. But I fear health decline before I do more travel / live abroad / enjoy life more. + +The numbers +Salary and annual bonus $300K per year +401K is maxed every year and tops $1.4 million now with good employer match. Index fund +Roth IRAs for me and spouse at $300,000 (individual stocks, can no longer contribute directly because of income limits) +Condo worth $2.5m with monthly $6,000 in mortgage ($250k balance, 2.25m equity) +About $200k in investments (stocks, bonds) in taxable accounts +Restricted company stock $50k that I Iose if I retire before vesting in three years +Various other holdings that get us to about $4m net worth if you count real estate, 1.5m if you don’t +Annual spending about $150k until child finishes college in 3 yrs then maybe $100k or less depending on travel and hobbies. College costs mostly covered by a 529 and generous in-laws +(I am leaving out some spouse assets I do not want part of the calculation because she views FIRE as risky and hard to believe. She would readily move away from hcol city.) + + +Considerations: +I grew up low income and was in debt / negative net worth until my mid 30s. This turnaround took 25 yeas and is unimaginable to me. I get great freedom knowing I could walk away but worry about some great miscalculation. + +For example, I would like to remain in hcol city’s another 10 years to forever. But I fear spending down the 401k too much before social security and pension kick in. I worry about being forced to sell the home to unlock equity. + +And the money is so good. I see people on Reddit FIRE with far less. I could pay off the mortgage by working a few more years. I could set up a Roth IRA ladder. + +I also am worried about a cash crunch until reaching 59.5 though I have heard of the 55 rule and wonder if I can tap 401k early. But then I start spending it down sooner. + +And every year I get richer. Is it crazy to forego the salary, bonus, stock, when every year adds to the degree of comfort I feel about old age or the power that money brings to solve problems? + +I have run firecalc etc and know I could probably draw from accounts safely, perhaps double my current spending, and still watch the money and real estate grow in value in most scenarios. + +But I worry about a serious health crisis, economic catastrophe, climate change etc. some black swan that reveals I have grossly miscalculated. Thirty to 40 years is a long time. A lot can happen. Of course for all I know I might only have 10, or even 5 years. I have seen acquaintances my age die. + +I don’t think I will be bored in retirement, especially in this city, but that is also a fear, or that travel will get tiring, or that colleagues will judge me for not sticking with the mission we all believe in, that it will feel like a betrayal to them (mixed with jealousy unless I make up some reason like health or family concerns or novel writing plans). That should not even matter! Yet. + +It feels like this should be a no-brainer. So why am I still going to work every day? + + +(Some edits to clarify) +I'm looking for some guidance on what to do with money. I realize that there are lots of posts like this, and I have read many of them, but figured I'd post my situation and maybe someone will add a comment that inspires me... + +Current situation: + +Mid-30s, married, 2 kids under 3yo. Current NW \~7MM USD. MCOL city. Between partner and I, we expect to make 1-3MM/year for the next few years, all W2. + +Breakdown: + +* 1.5-2MM in shares in my current company (dividend paying) +* \~1MM in deferred pay +* \~450k in condo that we don't live in. Renting out for 2700/mo. Fully paid off. + * Live in larger apt. No plan to move back into old condo. +* 1.7MM in various investments across taxable and retirement accounts. Primarily ETFs, some REITS, mutual funds. Primarily broad market stuff, and some bond funds. (\~85/15) +* \~2MM in cash (CDs, savings accounts, MMs, etc) + +The 2MM USD in cash is what gives me the most pause. Over the last couple of years I've gotten large lump sum bonuses and have struggled to invest that money. I've read about DCA and Bogleheads, etc. Most of my investing happens through a regular scheduled purchases in my investment accounts--removes the emotional element from it. I'm having a hard time investing that money especially since more than half of it we've accumulated since the pandemic. I have some interest in diversifying with real estate, but other than buying some REITs I feel like I don't have the intellectual capacity to focus on it given that I have a demanding job. Looking for suggestions on how to best put that money in a place where it can produce value for my family moving forward. + +**Edit:** + +Thanks for the comments thus far. While maybe I'm more conservative than others, a big reason I've ended up with all the cash isn't just from being risk averse and it accumulating. I received a large lump sum bonus in 2021 that I've struggled to invest. Part of my question is I guess now that I'm in this situation (sitting on a lot of cash) what are some other ideas (for someone) in my situation to do with it other than just dump into an ETF. + +In terms of my industry -- I'd prefer to not share in the open due to privacy concerns and a desire to have an open conversation about financial questions. +Currently, my trading system involves me pulling several different plays and tickers from a few traders that that I personally look up to, and believe are great traders. I do my own DD on the plays, along with technical analysis. I never enter a play I don't understand. I also do my own entries and my own exits based off the system that I have. However, I do not find these plays myself. I have the ability to find other plays, but personally I just pull my favorite plays off of several different watchlists. Is this an unhealthy habit for me to have? I have been consistently profitable with this method and it works, but I just want to see if this is something other traders do as well. I know others pull trades from others watchlists, but I do not know if people only strictly play tickers from other watchlists. + +Sorry if this is a dumb question, just something I had in my mind! +Before the Market opens, where do you check the News that might impact how the Market will move during the day? Where do you check what data or reports will be released during the day? + +Is there a website everybody goes to or is it yet another thing you gotta scrap for? +This guy was arrested for selling BTC to an undercover fed. He's walking into court today to defend BTC. He represents us all. He put his phone number on his twitter asking for moral support. Send him a text of encouragement. Let him know we got his back. + +@NODEfather on twitter + +video with arrest story: https://www.youtube.com/watch?v=Tu7nl_-vBns + +EDIT: + +TL:DW - The defendant's lawyer thinks the feds are setting up a case to base a future law on regarding bitcoin. See 14:43 - 15:09 here: https://www.youtube.com/watch?v=Tu7nl_-vBns&t=14m43s + +The defendant claims that he broke no law, several federal agents did break the law including entrapment and spying, and that he has been targeted. He is a worthwhile target for the feds because of his effectiveness in training multiple branches of the US military in how bitcoin works so that they would someday adopt BTC on a large scale. Mass adoption of BTC scares the feds and they must protect their dollar. + +EDIT2: + +He was given 10 more days to find and pay for a lawyer. https://twitter.com/NODEfather/status/966852090839486465 +http://www.huffingtonpost.com/2014/09/25/james-comey-apple-encryption_n_5882874.html + +"What concerns me about this is companies marketing something expressly to allow people to place themselves beyond the law." - FBI Director James Comey to reporters, referring to iPhone encryption. + +I am not sure which law he is referring to. Aparentlly, it's the one that basically is ineterpreted as "encrypting your data in such a way that it cannot be bypassed is illegal." +## Guide for Noobs + +#### Simple and Not A Lot of Money +- setup an account on coinbase.com, buy your coins, walk away until next year or later, fees are ~1.5% which is $1.5 USD for a $100 USD of coin +- note coinbase does have an option to buy via credit card instead of a bank account, fees are ~4% when you do that, your credit card company may charge more if it considers it a cash transfer + +*** + +## Guide for Not Noobs + +### Less Simple +-setup an account on coinbase.com, move dollars into your account, setup an account on gdax.com (same company, same login), move your cash from coinbase to gdax, buy your coins on GDAX at Market, fees are cheaper 0.25% versus 1.5% + +-consider buying alternative coins supported by coinbase + +### No Fees +-all of the above but use GDAX's Limit/Buy, zero fees, but you have to wait for the market to dip below your buy price + +### More Money Available +-setup several Limit/Buy orders at different price points to capture dips when you are away + +### More Control but More Complex +-it's possible coinbase could go out of business, move some or most of your coins to a personal hardware wallet like a [Trezor](https://trezor.io/) or [Ledger Nano S](https://www.ledgerwallet.com/products/12-ledger-nano-s), made in Czech Republic and France respectively + +-consider using other [exchanges](https://bitcoin.org/en/exchanges) with different fees and coin support + +-consider buying other [alternative coins](https://coinmarketcap.com/) supported by other exchanges + +### You Are Very Responsible +-create a paper wallet, put it in a safe, be warned it's like a visual bearer instrument, if you lose it or someone takes a picture of it...it's gone, but you have complete control over your money/asset + +### DO NOT EVER +-buy more than you can lose, it's early wild west days, the market could easily come crashing down + +-panic sell, the market fluctuates regularly by 20%, thus far it has ALWAYS recovered, people that try to sell during a fall/dip and buy at the bottom usually miss time it and lose + +-store your keys on your computer or phone unless its small amount, these are the two most vulnerable routes to hacking and simple hardware failure resulting in loss + +-attempt to daytrade and time the best prices unless your real life job is day trading + +-get addicted to watching the market, pay attention watch for dips, but don't let it crowd out your work or free time + +-keep a LOT of cash or coin in an exchange, it is very easy to mistype and buy or sell far more than you meant to, exchanges can [disappear](https://en.wikipedia.org/wiki/Mt._Gox) with your coins + +-buy a hardware wallet from anyone other than the company who makes it, i.e. do not buy one on Amazon, it is possible some third person hacked it and could steal your coin + +### PROBABLY DON'T +-limit sells until the far future when market volatility is down, flash crashes have happened and recovered, if you had all your coin in limit sells it would be gone + +-margin trade unless your real life job is day trading + +-stop buys or stop sells unless your real life job is day trading + +### DO +-hold your coins, your coin may be worth x10 or more in value in the future, e.g. if bitcoin replaced gold, bitcoin would be worth ~x70 the current value + +-buy small amounts over time [DCA](https://en.wikipedia.org/wiki/Dollar_cost_averaging), this might not seem intuitive but it spreads your risk out, reduces risk of buying at all time highs (ATH) and more likely to catch lows (dips), a fluctuation of $100 in price is small if the eventual value is worth x10 or more in the future + +-keep a small amount of cash on an exchange always, when there is a lot of traffic/trading which happens during dips, you are much more likely to be able to make trades on an exchange rather than with your own wallet + +### REMEMBER +-if you don't have your coin in your own wallet, it's not your coin. this is not a problem until you have a lot of value and you want to keep it safe from a bankruptcy, unscrupulous people/exchanges, or unforeseen acts. if it's a small amount compared to your income it's an acceptable risk, if not then move it to a wallet + +-in the days of fake news not everything you read is true, in fact there are armies of people shilling for 'pick a random coin'; some are malicious, some uninformed, and some willfully uninformed + +-if your value starts to become large, dig deep into how your asset/currencies work just like you would for any other purchase, understanding how it works helps you understand if it will be a success, e.g. understand the difference between [PoW](https://en.wikipedia.org/wiki/Proof-of-work_system) vs [PoS](https://en.wikipedia.org/wiki/Proof-of-stake) or what a hard fork is + +-some coins especially newer ones are scams, a good indication of if it is not a scam is how long the coin has been around + +-most bitcoin hard forks so far have [not been successful](https://en.wikipedia.org/wiki/List_of_bitcoin_forkswith) with some exceptions + +-btc is the accepted short-name for bitcoin on most (but not all) exchanges, xbt is also common in EUR-land + +### Other Risks + +-holding your own coin requires personal responsibility, it is easy to lose and not be able to recover it if you are not careful + +-again, do not buy more coin than you can lose + +-transaction speeds which are slow are a serious problem in bitcoin scaling + +-there is less innovation and more argument going on in bitcoin than some other coins, bitcoin is large enough that consensus is difficult, future change is less likely than with some other coins, there are other [side](https://lightning.network/) solutions to bitcoins problems that may not require bitcoin to change much + +-bitcoin.org IS the generally [accepted](https://bitcoin.org/en/about-us) bitcoin website, NOT bitcoin.com + +-[important other risks](https://slack-imgs.com/?c=1&url=https%3A%2F%2Fi.redd.it%2F5itifh6drlxz.png) compiled by /u/themetalfriend + +-coinbase has insurance up to $250k USD for you USD Wallet which DOES NOT cover your bitcoins or other crypto currencies, they claim to have [separate insurance](https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-) for your crypto currency but it is unclear how much + + +### Community + + +there are a lot of memes + +-hodl, [GameKyuubi](https://bitcointalk.org/index.php?topic=375643.0?red) mistyped hold and it spread + +-to the moon, where everyone hopes the price will go + +-coin on a rollercoaster, it is highly volitile market you will see this during fluctuations + +-this is gentlemen, via /u/Liquid_child , [here](https://www.reddit.com/r/Bitcoin/comments/2m4xo3/this_is_gentlemen/) + +-lambo/roadster, a car people want to buy when they get rich + +-the cost of pizza, early days someone bought a pizza for 10,000btc which is worth over ~80million USD today + +-tesla/vehicle with a bitcoin chart, [/u/cytranic](https://www.reddit.com/r/Bitcoin/comments/7dccpd/7452/#bottom-comments) posted a picture that spread + +-intersting guide by /u/stos313 , [here](https://drive.google.com/file/d/0BzY8205tKpokVVZXVmdjQW5pNFphUEJjLTVnQVFES0llY1hF/view). I do not agree with everything but it has a lot of useful information. + +### CORRECTIONS + +Edit: Adding in user comments. + +Edit: Crosslinking to a more[ Beginner Version](https://www.reddit.com/r/BitcoinBeginners/comments/7e78ld/so_you_want_into_bitcoin_short_version/). + +Edit: Note in an earlier edit of this guide I said. + +~~note that most of the development on bitcoin is by employees of one [company](https://en.wikipedia.org/wiki/Blockstream), it is open source but their priorities may not align with the community~~ + +This is not true. Blockstream appears to have a high representation but not an overwhelming amount. You can compare [blockstream's](https://www.blockstream.com/team/) employee page and bitcoin's [commits](https://github.com/bitcoin/bitcoin/graphs/contributors?from=2016-08-04&to=2017-11-20&type=c) in the last year. Thank you to /u/lclc_ , /u/trilli0nn , and /u/Holographiks for pointing this out. See [this](https://medium.com/@whalecalls/fud-or-fact-blockstream-inc-is-the-main-force-behind-bitcoin-and-taken-over-160aed93c003) for a detailed break down. + +Edit: Clarification that FDIC insurance does NOT cover crypto currency/assets. + +Edit: Clarity on who owns bitcoin.org + +### Good Luck and Hodl. + +Please comment if your experience is different. Or call out things I missed. + +The latest upgrades: + +* Smart contract compatibility with contract to contract calls.  This allows complex dApps to be built that can efficiently and trustlessly interact with other smart contract based dApps to extend functionality and usability.  Additional details and background on this tech can be found [here](https://medium.com/algorand/hello-contract-calling-abff8fc00939).  +* Post-quantum secure **Falcon Keys**, Algorand’s first major milestone on its path towards trustless cross-chain interoperability.  These keys will, in the near future, be used to generate **State Proofs,** a new blockchain infrastructure that will allow Algorand to be trustlessly accessed in low-power environments like mobile phones, smart watches, and on other blockchains. For more background on State Proofs, please see an overview [here](https://medium.com/algorand/algorand-state-proofs-707d64038e35).  + +Developers are now able to build complex dapps for the Algorand ecosystem with smart contract-to-contract calling and network participants can take their first step towards trustless cross-chain interoperability with quantum-secure keys for the upcoming State Proof technology. These network upgrades come on the heels of a $20 million incentive program from the Algorand Foundation focused on developer tooling and[ EVM compatibility](https://algorand.foundation/news/10-million-evm-compatibility-grant), putting Algorand at the forefront of blockchain interoperability and post-quantum security while providing features for even more advanced decentralized applications.  + +These features add to Algorand’s already advanced tech, high performance and robust developer resources. Smart contracts on Algorand can be written in Python or Reach, making it accessible for developers of all skillsets.  + +Algorand has experienced zero downtime since launch, helping it become the blockchain of choice for hundreds of organizations launching DeFi protocols, NFTs, payment solutions, regulated digital assets, and more. The network supports applications that can scale to billions of participants, all on a high-speed, carbon-negative, secure and stable blockchain.  +I’m a one person consulting firm and travel almost every week. I’m maxing out my 401k and defined benefits plan already, so I’m wondering when should I feel ok about booking first class? I’m 6-4” so flying in FC is a lot better. Do you book first class? +Long time lurker, first time poster. As the title says really, a lot of people on here seem to be more focused on minimising tax rather than maximising their after-tax income (either short term or long term). + +My wife and I have a decent income, but our concern is how much money we have now or in the future (assets, pensions, etc). We don’t really think how much money is being paid in tax, except saving for it (self employed). For people that try to minimise tax, why is that? +Hey all. If this title seems familiar, you may have seen a similar post several days ago about my research with Student Loan Asset Backed Securities, or SLABS. That post got a ton of attention and helped expose my SLABS DD's to a wider audience. The goal of this post is similar, but to increase exposure to my DDs on Auto Loan Asset Backed Securities, or ALABS. This bubble is as if, if not more important than SLABS, but the ALABS DDs haven't reached the same level of exposure on the sub. There is about as much outstanding student loan debt as there is auto loan debt, with approximately $1.6T and $1.3T respectively, so I feel these bubbles should receive similar attention. Also, since both ALABS parts are decently long, I figured a summative TL:DR would aid with understanding. + +You can read Part 1 of my ALABS DDs [here](https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/), and Part 2 [here](https://www.reddit.com/r/Superstonk/comments/rqpup4/the_big_short_again_the_auto_loan_asset_backed/). + +The thesis: ALABS are a very similar to the subprime mortgage backed security market that caused the 2008 recession. Basically, ALABS are tranches of auto loans packaged into a security and sold to investors. Investors can reap the benefits of interest rates on these ALABS. Pretty similar to SLABS, just with auto loans. *The same rating agency issues in 2008 and with SLABS that I pointed out are still present here, even including many of the same companies like Moody’s and S&P.* It's just bubbles on top of bubbles with these guys. In fact, I believe this bubble to be even larger than SLABS because you don't have to deal with federal vs. private loans, pre-2010 or post-2010 distinctions, etc. + +ALABS have increased along with the not-coincidental recent meteoric increases in both used and new car prices. We know that everyone is desperate for collateral right now, as shown by the record breaking RRP. This gives me reason to believe that ALABS are being used extensively as collateral. ALABS, like SLABS, are *drastically overvalued*, and are about to come crashing back down to Earth as a result of several factors. However, possibly unlike SLABS, investors will be MAJOR bagholders in the event of a crash, and bagholders are much more widely distributed. So even if these aren't being used as collateral (which is highly, highly unlikely), the ensuing recession after these things shit the bed would still have the same effect, which is margin calls. This is how I believe it ties into GME. Plus, it's just interesting to learn about how fucked our system is. Anyways, here are those factors. Sources can be found in my DDs. This is just a TLDR. + +\-First of all, ALABS are nearly as extensive as student loans. About 85% of Americans own a car, and 66% of car purchases are completed with the help of a loan. This graph should really drive home how much we Americans are taking out auto loans. + +https://wolfstreet.com/wp-content/uploads/2019/05/US-auto-loan-balance-v-number-2019-01.png + +&#x200B; + +\-Of these loans, a large percent (about 25%) are subprime or deep subprime, aka shitty and shittiest. This is a very large amount of exposure to high risk loans. And it's only increasing. However, the same ratings conflicts of interests exists, as ALABS servicers pay ratings agencies to rate their ALABS, so a large percentage of ALABS are still being rated AA and AAA. Fuck. + +\-Borrowers are paying back their loans much slower due to money troubles with inflation and the pandemic. And since now used cars are what most people are buying, and used cars have insanely high interest rates, the amount to be paid back just keeps snowballing and snowballing. + +\-Loaning companies allow you to roll over any negative equity from previous loans, increasing payments further. Also, loan companies rarely actually check borrowers' income (and why would they? they want your loan money), about 1 in 5 borrowers actually commits fraud and lies about income to be able to buy a car, and loan companies are issuing EXORBITANT loans (so much so that even prime and superprime loaners are having difficulty paying). + +\-Banks, instead of servicing borrowing directly like they do SLABS, make deals with dealerships, who then provide the loans to buyers. So, the *banks' real customers are dealerships*, who they aim to please first and foremost. This leads to elevated interest rates and fees which benefit the dealerships, but very unfavorable conditions for the borrower. + +\-Many smaller subprime auto loan companies are going under. This is a huge warning sign, because these companies have been increasing their exposure, while banks have been decreasing their exposure. So it's actually more important to pay attention to the little guys. + +\-The holders of these ALABS are extensive. They are in pensions, held by normal investors, in ETFs, etc. Lots of exposure, possibly moreso than SLABS. + +**-TLDR for the TLDR: Rolling over negative equity, insanely expensive predatory loans, extensive loaning to subprime and deep subprime customers, lack of due diligence from loaners, fraud from desperate buyers, and dealerships being the middle man for loans instead of a direct bank-consumer link all mean these ALABS are losing value FAST. They're dogshit wrapped in catshit. Defaults are also increasing a fuck ton. And what happens in a default? Yup, they repo your car.** + +***It's an infinite money glitch - issue impossible loans, receive loan payment, borrower still has to default, repo the car, and start all over again with someone else.*** + +Thanks for reading this summary. I hope it encourages you to look further at my DDs. + + One final thing. I am not a financial advisor. Please do not ask me how to make money off this situation. My personal investment strategy has been all GME, and this information does not change that. As always, I believe GME to be the best hedge against a market crash. Thanks again. +After a long, grinding career, I'm finding it pretty tough to rip the band aid off. So I've decided that 2022 is a year of weaning-off for me. This means: + +* I'm working fewer hours and only on things I *have* to do. I'm trying to avoid taking on new projects and responsibilities +* Am training others so people don't feel lost when I leave in the fall/winter +* Am cleaning up my investments, budgeting etc. so financially I'm comfortable with the plan +* Talking to my spouse a lot about it. She is amazing and totally supportive. Kids are too young to understand anything right now! +* I'm trying hard to think of what I'm going to spend time on next. This is the hardest part. Right now the leading idea is to give myself a break of 6 months to a year after I retire, where I don't take on anything where I exchange time for money. After that I am most likely to mess around with a startup idea that doesn't require massive amounts of time or $ investment. Or maybe I'll be fine with not doing anything for money, *ever*. I'm in my very early 40s, so the idea of being done for good is scary. +* For the moment just focusing on physical and mental health. Almost 20 years of unhealthy grinding has definitely taken its toll, and it is hard work to detox. +What if Japan style collapse comes to America and the market goes down/sideways for the next 20-30 years? + +Let's just assume for a moment that this happens and avoid a debate about whether or not it will: what does this mean for investing strategy which, up until the crash, was to just buy and hold a diversified portfolio and assume 8-9% annual nominal returns? + +The Nikkei 225 has returned a total of -50% (yes, negative) over the past 30 years though deflation and stronger yen relative to other currencies may have blunted some of that impact. Only from 2011-2019 did the Nikkei return a respectable 7-7.5% pa. + +At what point would you pull your money from the market and put it into cash or bonds? One strategy is to ensure geographical diversification and invest in other developed and emerging markets - but many of them are tied to the US so it may not provide much of a hedge. + +EDIT: My point is not about whether this will happen or not, but to have a plan for scenarios that could be increasingly likely given the unprecedented run up in the Fed's balance sheet and long term effects of economic shutdown +# OTC PENNY: GME Innotainment, Inc. ($GMEV) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +After my first set of DD's conducted this year on [OZSC](https://www.reddit.com/r/pennystocks/comments/l3qbwx/ozsc_investment_thesis_for_clean_energy_wave_and/), [SNPW](https://www.reddit.com/r/pennystocks/comments/lc7h16/a_biden_clean_energy_investment_poised_to_moon_in/), [SSFT](https://www.reddit.com/r/pennystocks/comments/ldba73/sonasoft_ssft_autonomous_ai_platform_company/?utm_source=share&utm_medium=web2x&context=3), and [ETFM](https://www.reddit.com/r/pennystocks/comments/lfsg80/etfm_covid19_smart_buildings_stock_under_001_oh/?utm_source=share&utm_medium=web2x&context=3), I am excited to share some diligence on $GMEV, an OTC penny stock that will be tapping into an **innovative mix of industries (hydroponics, vertical farming, sustainability)** for the next decade. I've decided to adopt a new format for easier reading, and I hope you will enjoy the diligence. I was particularly more excited to share because I was able to enter on this market-wide dip today. + +As of 02/11/2021, here are the numbers before we dig in: + +* Price per Share: **0.0085** (double zero's and under a penny) +* Market Cap: **$13M** (02/10/2021) +* Outstanding Shares: \~**1.4B** +* Volume: **\~154M** (1.6X the Avg. Volume, recent growth with PR) + * 30-Day Avg. Volume: \~94M + +Compared to a lot of the OTC pennies trading right now with billions of outstanding shares and skyrocketing market caps, **GMEV has their share structure in decent shape**. The recent increase in volume and attention will allow GMEV to scale its currently undervalued market cap at a pace that is well-aligned with its price per share. #Stonks. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# What is GMEV? + +https://preview.redd.it/8xpj3ku9uxg61.png?width=295&format=png&auto=webp&s=edc7f8388a140bff318c154c308c7134d15d8308 + +GME Innotainment aims to solve food production, plant growth/harvesting, and sustainability challenges through [Foundation Farms](https://www.foundationfarmscorporation.com/) and its **proprietary vertical farming technology**. GMEV aspires to support agriculture production at the highest quality and lowest environmental costs. + +GMEV has gathered interest at the end of 2020 after the CEO of Foundation Farms announced the development of a new proprietary production system. **I got even more excited when I saw who was leading the charge.** + +On December 9, 2020, Ed Kroeker was appointed to be the CEO of Foundation Farms in order to further expand Vertical Farming Systems across North America. Kroeker has considerable experience in organizing and overseeing the integration of engineering, design and manufacturing operations for technologies in the agricultural and environmental sectors. **This experience has also connected him with a number of small to medium sized manufacturing companies** throughout North America that offer **joint venture/purchase options** for Foundation Farms as the company **moves quickly towards manufacturing and assembling its own vertical farm technologies**. + +Most recently, Mr. Kroeker has had experience working with cavitation technologies in other industries and has come to Foundation Farms, believing that adding a cavitation component to its systems could make the Vertical Farming Systems revolutionary in the industry. + +Source: + +1. [GME Innotainment, Inc. (PR Newswire)](https://www.prnewswire.com/news-releases/foundation-farms-corp-appoints-ed-kroeker-as-chief-executive-officer-of-the-company-301189545.html) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# TLDR; + +**With Ed Kroeker leading the charge in GMEV's vertical farming ventures (Foundation Farms), I am confident GMEV will build and scale a proprietary vertical farming production system that can potentially be bought out by a big agriculture company.** + +Pure speculation and not necessary for my decision to invest, but GrowGeneration and Green Thumb Industries could be potential buyers in the next 2 years. Or another marijuana company that is aiming to become more vertically integrated like Tilray or Canopy Growth. + +[GRWG \(+634&#37; since Aug. 10\) sells farming equipment for marijuana companies](https://preview.redd.it/c2rnqc1qyxg61.png?width=1030&format=png&auto=webp&s=2ad5a9d8a03c40eebb6c635e19bb368c4a3ac9a3) + +I am convinced that the impact of [E-ROOTS technology](https://finance.yahoo.com/news/foundation-farms-corp-shake-vertical-131800590.html) (scroll for more) on the profitability of the vertical farming industry will closely parallel the impact of LED lighting technology. LED lighting is focused on optimizing energy transmission to the plant tops and E-ROOTS optimizes energy transmission to the roots. **This innovation is critical, especially as marijuana growers look for more efficient ways to scale their production. Biden's presidency is also a huge plus here.** + +I am NOT saying that cannabis is their route to growth -- **Foundation Farms is actually focused on a much bigger opportunity here: urban food supply constraints.** The real value prop for vertical farming systems is tackling issues in food supply -- this is a global problem as the human population has grown rapidly. However, the cannabis industry is a potential revenue stream and buy-out opportunity. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# What does GMEV do? + +[Foundation Farms](https://www.foundationfarmscorporation.com/) plans to engage in **aeroponic urban farming**, employing the use of **vertical indoor growing units** for organic farming that is based on sustainable agriculture with non-genetically modified organisms. With the vertical indoor growing units' **small footprint and efficiency in scale**, GMEV can set them up in urban settings to help organizations meet urban fresh food supply challenges. + +[Foundation Farms proprietary hydroponic plant production system](https://preview.redd.it/ui9y5fbcuxg61.png?width=737&format=png&auto=webp&s=93f6be4c563ee30c799ca0cc6e58c066a0d1641c) + +[Foundation Farms](https://www.otcmarkets.com/stock/gmev/news/Food-Supply-And-Security-Is-The-Driving-Force-For-The-Foundation-Farms-AeroPod-Production-Systems?id=261780) uses the proprietary technology that can produce these foods at locations **within minutes of where the consumer lives**; thereby, solving supply, security, and traceability issues in urban food supply. The technology embraces organic production methods that use **90% less water** than field production practices to produce the highest quality fruits and vegetables on a local basis. Consistent high-quality **production takes place year-round** with **no seasonal constraints or limitation**. The knowledge base that was developed within the technology uses proprietary practices to monitor and optimize nutritional content. + +Compared to traditional soil-based growing, Foundation Farms plants: + +* Produce 30% more yield +* Grow 3x Faster +* Use 90% less water +* Occupies less than 5% of the land required to grow the same amount of produce + +[Foundation Farms is strategical positioned to drive innovation across the value chain](https://preview.redd.it/a97r3e7huxg61.png?width=847&format=png&auto=webp&s=041fd0710cdcb69cc575e785d810773421f344ad) + +[Foundation Farms vertical farming units](https://preview.redd.it/ldx6cg0juxg61.png?width=950&format=png&auto=webp&s=ccc018677df275d44d5abced65fbc9d7368809ea) + +Source: + +1. [https://sec.report/otc/financial-report/263494](https://sec.report/otc/financial-report/263494) +2. [https://www.otcmarkets.com/stock/gmev/news](https://www.otcmarkets.com/stock/gmev/news) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Recent Developments and Catalysts + +12/16/20: [Foundation Farms Corp. To Shake Up Vertical Farming Industry By Implementing Cavitation Technology Into Its Vertical Farms With Its E-ROOTS Process.](https://finance.yahoo.com/news/foundation-farms-corp-shake-vertical-131800590.html) + +* On Dec. 16, 2020, GMEV announced the development of a proprietary process called the **E-ROOTS process**, which will be incorporated into each vertical farm that is built, owned, and operated by Foundation Farms. +* E-ROOTS incorporates **patented hydrodynamic and ultrasonic cavitation equipment as the core technology** along with **air injection to enhance crop production** through natural root stimulation techniques. + * The Yahoo Finance article has a more thorough analysis of the benefits of E-ROOTS. + +01/26/21: [Foundation Farms Corp. Announces Lease of Warehouse Space for First Indoor Vertical Farm Installation](https://finance.yahoo.com/news/foundation-farms-corp-announces-lease-125300066.html) + +* On January 26, 2021, GMEV announced the lease agreement for 2,000 square feet of a 15,000 square foot warehouse in Red Deer, Alberta, in order to build out its first indoor vertical farm. +* Plans for the use of the building include the **manufacture and assembly of future vertical farm units**. This will also provide GMEV with a regional product sales and distribution headquarters for the company's products. +* Ed Kroeker, CEO of Foundation Farms stated, "We have an ambitious growth plan that includes the **deployment of numerous vertical farms throughout North America**. We also are assembling plans for **additional innovative agriculture ventures** that continue the theme of sustainability and local sourcing of food products for today's consumers. The ability to establish our E-ROOTS vertical farm alongside our new manufacturing and assembly plant provides the opportunity to leapfrog our growth." +* **CATALYST**: Further details will be forthcoming shortly, but management expects the vertical farm to go into production **before the second half of 2021.** Kroeker is assembling plans for additional innovative agriculture ventures. + +02/04/21: [Foundation Farms Corp., Issues Purchase Order For First Vertical Farm Installation](https://finance.yahoo.com/news/foundation-farms-corp-issues-purchase-123000190.html) + +* On February 4, 2021, GMEV announced the issuance of a purchase order for the supply and installation of vertical farm equipment package for Foundation Farm's Red Deer location. +* [ZipGrow Inc.](https://zipgrow.com/) will supply Foundation Farms with its **hydroponic plant production system** that is marketed as "the most established, successful and economical indoor vertical farming platform on earth". +* When asked about the company's choice of suppliers for this first of many vertical farms, Ed Kroeker, CEO of Foundation Farms stated, "As a company we are committed to becoming known as the best owner and operator in the vertical farming business sector. We have selected a basic grow technology that has commercially proven itself throughout all climatic and socio-economic zones. ZipGrow has supplied installations that are operating successfully in the far north, across southern Canada, throughout the continental United States and, more recently, in the Middle East. **The addition of our proprietary E-ROOTS system will catapult us forward as technology leaders** **in an industry where success is measured by** **profitability, superior product quality, and local consumer supply security**." +* **CATALYST**: Installation and commissioning will be completed at the **beginning of the second quarter of 2021**. In the meantime, the company is reviewing **additional locations** for its vertical farms. + +Given the pace that their PR team releases new information, it looks like they are following a cadence of at least once a month since Kroeker's hire. This is just speculation -- it could simply be based on new developments. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Vertical Farming and Hydroponics is the Future + +https://preview.redd.it/ipv5j4nncyg61.png?width=1280&format=png&auto=webp&s=532da6266f78e75e29f604a815094ad48edfcb81 + +**Advantages of Vertical Farming** + +Having greater output from a small cultivation area is not the only advantage of vertical farming. [Following are some of the major benefits of vertical farming](https://www.thebalancesmb.com/what-you-should-know-about-vertical-farming-4144786): + +* **Preparation for Future:** By 2050, around 68% of the world population is expected to live in urban areas, and the growing population will lead to an increased demand for food. The efficient use of vertical farming may perhaps play a significant role in preparing for such a challenge.  +* **Increased And Year-Round Crop Production:** Vertical farming allows us to produce more crops from the same square footage of growing area. In fact, 1 acre of an indoor area offers equivalent production to at least 4-6 acres of outdoor capacity. According to an independent estimate, a 30-story building with a basal area of 5 acres can potentially produce an equivalent of 2,400 acres of conventional horizontal farming. Additionally, year-round crop production is possible in a controlled indoor environment which is completely controlled by vertical farming technologies. +* **Less Use Of Water In Cultivation:** Vertical farming allows us to produce crops with 70% to 95% less water than required for normal cultivation. +* **Not Affected By Unfavorable Weather Conditions:** Crops in a field can be adversely affected by natural calamities such as torrential rains, cyclones, flooding or severe droughts—events which are becoming increasingly common as a result of global warming. Indoor vertical farms are less likely to feel the brunt of the unfavorable weather, providing greater certainty of harvest output throughout the year. +* **Increased Production of Organic Crops:** As crops are produced in a well-controlled indoor environment without the use of chemical pesticides, vertical farming allows us to grow pesticide-free and organic crops.  +* **Human and Environmentally Friendly:** Indoor vertical farming can significantly lessen the occupational hazards associated with traditional farming. Farmers are not exposed to hazards related to heavy [farming equipment](https://www.thebalancesmb.com/what-is-agribusiness-2538209), diseases like malaria, poisonous chemicals and so on. As it does not disturb animals and trees inland areas, it is good for biodiversity as well. + +**Limitations of Vertical Farming** + +Vertical farming has both pros and cons. Sometimes the pros of vertical farming are highlighted and not the cons. Following are the major limitations of vertical farming: + +* **No Established Economics:** The financial feasibility of this new farming method [remains uncertain](http://www.news.cornell.edu/stories/2014/02/indoor-urban-farms-called-wasteful-pie-sky). The financial situation is changing, however, as the industry matures and technologies improve. For example, New Jersey-based indoor-farming startup Bowery [announced](https://techcrunch.com/2018/12/12/bowery-an-indoor-farming-startup-raises-90-million-more-including-to-counter-a-softbank-funded-rival/) in December 2018 that it had raised $90 million in fresh funding. In 2017, Plenty, a West Coast vertical grower, announced a $200 million investment from [Softbank](https://www.bloomberg.com/tosv2.html?vid=&uuid=ef3564e0-9781-11e9-81df-9f6d476a62df&url=L25ld3MvYXJ0aWNsZXMvMjAxNy0wNy0xOS9zb2Z0YmFuay1zLXZpc2lvbi1mdW5kLWxlYWRzLTIwMC1taWxsaW9uLWJldC1vbi1pbmRvb3ItZmFybWluZw==). +* **Difficulties with Pollination:** Vertical farming takes place in a controlled environment without the presence of insects. As such, the pollination process needs to be done manually, which will be labor intensive and costly. +* **Labor Costs:** As high as energy costs are in vertical farming, labor costs can be even higher due to their concentration in urban centers where wages are higher, as well as the need for more skilled labor. Automation in vertical farms, however, may lead to the need for fewer workers. Manual pollination may become one of the more labor-intensive functions in vertical farms.  +* **Too Much Dependency on Technology:** The development of better technologies can always increase efficiency and lessen costs. But the entire vertical farming is extremely dependent on various technologies for lighting, maintaining temperature, and humidity. Losing power for just a single day can prove very costly for a vertical farm. Many believe the technologies in use today are not ready for mass adoption. + +**Hydroponics and System Control** + +Farmers can have total control over a hydroponic system. Hydroponics allows you to manage pH and nutrients to make sure plants are getting **the exact nutrients they need**. The systems are closed, recycling the water that is not used by plants. The ability to grow indoors allows farmers to **control temperatures and lighting schedules** to improve plant production. Systems can be designed to make use of **vertical space and increase planting density**. Hydroponics also allow us to create farms in locations where soil conditions are too poor to support farming, or space is limited and a farm otherwise couldn’t exist. + +https://preview.redd.it/uo7hfm1lvxg61.png?width=548&format=png&auto=webp&s=a3bb367866b05f7ab757e6f0a79443906b806acf + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Why I'm Excited + +Although GMEV and Foundation Farms is innovating in the farming industry and leading our society to a more sustainable future, the **company has publicly barely touched on its potential future with the massive growth in the marijuana industry**. Hydroponics and vertical farming are the perfect match for fueling marijuana production as federal legalization is underway over the next decade. **My personal theory is that GMEV will scale its farming tech quickly in 2021, with a potential acquisition by a bigger agriculture company in the next 2-3 years for a big pay day**. Regardless of this theory, I am still bullish on the future of vertical farming and hydroponics. + +I am NOT saying that cannabis is their route to growth -- **Foundation Farms is actually focused on a much bigger opportunity here: urban food supply constraints.** The real value prop for vertical farming systems is tackling issues in food supply -- this is a global problem as the human population has grown rapidly. However, the cannabis industry is a potential revenue stream and buy-out opportunity. + +**This is the way.** + +[\<3](https://preview.redd.it/zurzeij1cyg61.png?width=1000&format=png&auto=webp&s=7f2120f54f6991e92fd8d0b764e3610d4a211205) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Good luck and hold strong everyone! #DiamondHands + +My position is 700K shares at $0.0081. + +EDIT: + +(1) 02/11: That’s... a lot of awards. Thanks to whoever dropped pennies on this post. Lol. + +(2) 02/11: Wow, this really took off. Consider joining r/GMEV if you are an enthusiast/investor. New PR and news surrounding the vertical farming landscape will be shared here. I also have a Twitter (SmallGroupLLC) that shares a lot of updates on tickers I own. + +(3) 02/11: A commenter \[ u/JudgementalChair \] brought up the potential of this technology with space exploration and Papa Musk's aspiration to colonize Mars. You will need indoor vertical farming on Mars in order to produce greens for colonies. And maybe even fresh oxygen as well. Any other applications? +https://www.news.com.au/travel/travel-updates/incidents/plane-carrying-133-crashes-in-china-casualties-unknown/news-story/283d107abceae4c132f821d15bf060a3 + +Another 737 has crashed in China. Pre market trading the stock is down over 6 percent. If this is connected to previous crashes this will be a disaster. +Jan 28 (Reuters) - U.S. industrial giant 3M Co reported a 28% fall in quarterly profit on Tuesday due to restructuring and litigation charges and said it would cut 1,500 jobs globally as it looks to reduce costs. + +Net income attributable to 3M fell to $969 million, or $1.66 per share, in the fourth quarter ended Dec. 31, from $1.35 billion, or $2.27 per share, a year earlier. + +On an adjusted basis, the maker of Post-it notes and Scotch tape earned $1.95 per share in the quarter. + +Net sales fell 2.1% to $8.11 billion. +I bought an investment property under my name in Texas and want to transfer it to a LLC for liability protection purposes. There’s a due on sale clause that gives the bank the option to call the loan if I transfer the property. How do you manage to transfer without triggering the due on sale clause? Are the chances of it being called slim to none that everyone rolls the dice and just transfers to the LLC? +I own four rental properties (SFH), I have about 25-30% equity in two of them, and 50-60% in equity in the other two. + +I want to buy more properties, pulling money out of my rental properties for the down payment on a new one. + +When do I know I'm over leveraged? Any sort of guidance or rules I should be following? +I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands. + +If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be. + +I don't want to waste any of your time, so I'm merely going to explain what happened. + +On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency. + +There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the *mean* person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel. + +"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king. + +In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin. + +Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money. + +The four institutions with the largest still accessible Bitcoin balance are believed to be as following: + +-ASICminer - 50,000 Bitcoin + +-The IMF's "currency stabilization fund" - 70,000 Bitcoin + +-Government of Saudi Arabia - 110,000 Bitcoin + +-The North Korean government - 180,000 Bitcoin + +Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy. + +What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations. + +Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password. + +Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed. + +In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it. + +You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance. + +Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite. + +This is also the reason we contacted you. + +It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies. + +However, I have seen where it ends. +So, Verge is pretty "big" for an alt/shitcoin. I remember the hype started when John McAffe (the "celeb" who gets paid for his tweets) tweeted about it, and it's been a shitshow ever since. And the dumb money KEEPS FLOWING IN. + + * Back in November/December, McAffe tweets about Verge (probably got his $105,000.00 for that). Hype starts building up. + * Verge had a "Wraith Protocol" update coming up on a set date. Dev didn't keep true to his word and postponned it. When it finally came out, it wasn't anything impressive. + * Dev made a post asking about paying taxes related to cryptos/coinbase. A few hours after said post, he started a "Give Verge to our pool so we can reveal big news on day XX/YY!!!1" + * Didn't get enough money, some company matched the donation value so he would reveal it anyway. + * Didn't reveal it. Postponned to April 16th. + * Two days ago, their Blockchain was hacked. + * Dev pushed a "fix" and said everything was fine. Wasn't, as hacker still mined free XVG. + * Now Dev pushed another "fix". It was a hardfork. He didn't know it was a hardfork. Let me repeat that. The Dev. Didn't. Know. He. Pushed. A. Hard. Fork. + +Despite all this, XVG is riding a pretty substantial rocket in value, gaining crazy percentages in a consolidated bear market. This honestly feels JUST LIKE BITCONNECT. Dumb money flows in, colorblind to all the red flags that keep popping up and probably thinking they're gray or green. + + +I'm at a loss for words. If anyone knows an exchange that allows me to short Verge, please PM it to me. I'll love some free money when this shit booms. +I am a student, but my partner and I had an enjoyable (free!) all-day date at a university in a nearby town yesterday, and It got me thinking of all the free stuff a lot of colleges (including community colleges) have available to the public. Public colleges are usually more open to public events, but even private schools have some. The big state AG/land grant schools tend to have the most, so you're really lucky if you are near one of those (that's what we visited yesterday). Here's what I have come up with so far, please add to it, the more ideas the better! + +&#x200B; + +1) Museums/collections on display: Lots of universities have some form of museum. Yesterday we visited a biology museum (basically a miniature natural history museum), an art gallery (featuring both student and "big name" artists), and a display of cool stuff in the physics and engineering building. + +&#x200B; + +2) Concerts/entertainers: Everything from student performances to touring bands and comedians come through college campuses. Tickets range from free to cheap to expensive, so make sure you know the details before making plans. + +&#x200B; + +3) Movies/documentary viewings: My school does these all the time, and they are all ages and open to the public. There's even often free food. + +&#x200B; + +4) Plays etc: The theater and arts department are always putting on free to extremely cheap events. Like above, there is sometimes free food as well. + +&#x200B; + +5) Visiting lecturers: These are almost always free at my school. Coffee/tea is usually also available for free. + +&#x200B; + +6) Vendor-type events: Campuses are also used for other types of events, particularly in summer when there are limited classes. We have craft shows, garden expos, music festivals, and a variety of other festivals that set up on the campuses around town. These are free to attend, fun to look around at, and there are often things like music, demonstrations/free workshops, food samples, kids craft tables, etc. + +&#x200B; + +7) Free workshops: My school (community college) has tons of free workshops that anyone, student or not, can attend. There's a free morning yoga twice a week (outside in good weather), resume/job seeker workshops, library workshops for researching/computer skills, and probably more. + +&#x200B; + +8) Trails/tracks: At my school and another university near me, a lot of people, especially women, use the tracks and trails around campus for running since they are well tended, usually de-iced in winter, and there is security/call boxes every few yards. + +&#x200B; + +9) Adult ed classes/auditing: This varies a lot by university. At mine, those not seeking a degree over a certain age can take classes for nearly free (just a couple of bucks for class fees), and those below the age not seeking the degree can audit for a much reduced fee. A lot of community members sign up for "fun" stuff for relatively little money, like painting or music classes. + +&#x200B; + +10) Special collections. We went because I needed to look in the school's herbarium collection for something we didn't have a specimen for at my school, that I needed for a project. Setting up the appointment, I found out anyone from the public can request to go through the special collection. There was an older lady there that liked to do watercolor, and she was there making sketches of the flowers for painting at home. She came by every weekend to get inspiration for the next week. So if you have a hobby or a special interest, check it out! + +&#x200B; + +Look online or stop by the student union building to get a calendar of events, and peruse the bulletin boards to see what's coming up. Always check parking and costs before you go, if you are driving. You may also need to stop by the admin office and get a visitor pass, depending on the campus. A quick call will answer these questions. Also, we bring a handful of ones or quarters so we can put a little bit in any donation boxes to encourage these events to continue. It doesn't have to be much! + +Many of these things are kid friendly, as well! A lot of the museums/collections have scavenger hunt and hands-on stuff for the kids. Bring a lunch to eat out on the lawn or at a table in one of the union buildings. For those with kids, the bonus is that it reinforces the idea that an educational institution can be a place for fun, thus further encouraging a love of learning :) + +&#x200B; + +&#x200B; +TLDR: New Australian US trading broker Superhero uses the clearing firm Apex, who back in Jan restricted trading and receive PFOF from Shitadel. Nice try at milking Aussie apes, Apex. (speculative: they're entering untapped markets to raise liquidity/ it's their last ditch effort to prepare for what's to come) + +Woke up to a piss-poor piece of local journalism announcing [Superhero's US trading launch](https://www.smh.com.au/business/companies/superhero-launches-us-share-trading-as-more-australians-bet-on-markets-20210704-p586ol.html). Two paragraphs in, Dom reveals their US counterparty is none other than Apex Clearing Corporation LLC. So you will be custodian owners of any shares bought, which are cleared & held by Apex. + +The zero dollar brokerage and 0.5% FX Superhero offers can seem quite tempting. But here's a quick recap of why it may be risky for Apex to hold your shares. + +1. They halted trading in Jan, but possibly WORSE than Robbinghood. They are at the centre of brokers/clearing firms being sued atm for their collusion during the January run-up. [https://www.reddit.com/r/Superstonk/comments/nwklbg/looks\_like\_gamestop\_is\_cooperating\_with\_an\_sec/](https://www.reddit.com/r/Superstonk/comments/nwklbg/looks_like_gamestop_is_cooperating_with_an_sec/) +2. You are "protected" as per Apex's Safety of Customer Assets doc, also linked on Superhero's support page. [https://www.apexclearing.com/wp-content/uploads/2020/01/Apex-Safety-of-Customer-Assets.pdf](https://www.apexclearing.com/wp-content/uploads/2020/01/Apex-Safety-of-Customer-Assets.pdf) Your insurance is 250k tops, not even worth 1 GME share. I know most other clearing firms follow similar protocols in the event of broker default. But I bet Apex falls sooner than brokers/clearing firms with deeper pockets. +3. They route retail orders to Shitadel and receive PFOF in return. That's where their profit lies. Retail traders are their product. When Shitadel falls so will Apex's revenue (as Shitadel pays the highest PFOF premium), increasing chances of their own default. [https://www.apexclearing.com/sec-rule-606-and-607/](https://www.apexclearing.com/sec-rule-606-and-607/) + +A [great DD on brokers](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) by u/socrates6210 compiled the list of brokers and their role in the Jan trading restrictions. Apex was a centrepiece. + +In short, the general consensus is to avoid Apex. I'm sure there's more evidence out there that shows Apex's shadiness, many already posted in this sub or r/GME. You should be able to find them pretty easily (e.g posts about Apex affiliated brokers' Jan trading restrictions) + +&#x200B; + +Power to the Players + +&#x200B; + +**Update:** Many apes asked me what brokers to use. + +Lurker ape [u/Jewinsohn](https://www.reddit.com/user/Jewinsohn/) mentioned Schwab International is available for Aussie apes. There's a catch though, you need to deposit 25k USD to open an account. Not sure if share transfer is possible to meet that requirement. More wrinkly apes plz comment. [https://international.schwab.com/brokerage-account](https://international.schwab.com/brokerage-account) + +Otherwise, diversifying brokers is the way to go as many great apes have suggested. Be sure to check the custodian ownership deets. Most brokers disclose it somewhere on their websites. Ask if not sure. +I know this isn't going to be in depth enough for a lot of specific advice, but I need some general advice on where to start. + +So I have hit my 6 month mark of not being in school and have to start paying my student loans. + +Mine is fine. The issue, is that my mom has a parent plus loan. The minimum payment is $800+/month and because of my parent's income they can't get it lowered. + +I just had a baby two weeks ago. My parents are primary caregiver to my grandma. We can't afford $800/month. + +Is there anything we can do? Where do we start? + + +Do you guys believe in what Graham Stephan teaches? I’ve watched some of his videos and like what he teaches but I wanted to know if his teachings work in the real world especially his real estate tactics? +Thank you for all your comments have a blessed day🙏 +Hi, + +I am currently 25 years old with a stable w2 job making about 80k a year. My father also works making 70k a year. We recently bought a house with an approved loan. I will have to pay about $2k a month paying the mortgage and other expenses. My dad will also contribute, we are the only 2 working in a family of 4. At the moment I have $30k in the bank. I do not have a roth ira or 401k from my company but they do offer it. I thought I needed more cash on hand since we bought a house. We are going to rent out the apt we own for about $1600 a month. + +I don't really spend much and don't really have any plans to spend big in the future. I have never invested but I am reading up on it. I see people in their early 20s saving a lot and having a lot of money. Feels kind of bad not keeping up. + +What should be my next steps or advice to grow my finances? + +&#x200B; + +Thank you + + +By  Pam Martens and Russ Martens January 31, 2022 \~ + +For those of us who have been scrutinizing the trading operations of the New York Fed for decades, with the appropriate amount of skepticism that is inexplicably missing among the mainstream press, Leonard delivers a bombshell on page 242. Leonard writes: + +“The conference room in the New York Fed was located just off the main trading floor, and its doors were open during meetings so people could quietly go in and out. The room was anchored by a large table, with a couch along the wall for staffers to sit with their laptops open and take notes. There was a set of large digital monitors hanging on one wall, one of which provided a live video feed from an eerily identical room in Chicago, in a Fed satellite office near the important Chicago Mercantile Exchange.” + +What Leonard is describing is the Markets Group at the New York Fed, the only one of 12 regional Federal Reserve Banks to have its own trading floor; its own traders with Bloomberg terminals; its own speed dials to the major investment banks on Wall Street; and its own analysts that ferret out market-moving information from around the globe on a continuous basis. (Leonard was given an official tour of this area at the New York Fed on February 27, 2020, according to the “Notes” section of his book.) + +What Leonard is suggesting on page 242 is that the New York Fed’s trading floor is no longer just content to sit close to the New York Stock Exchange in lower Manhattan. The New York Fed’s Markets Group has decided to clone itself with another trading floor that sits close to the Chicago Mercantile Exchange where S&P 500 futures are traded, as well as other futures contracts. + +Why is that a bombshell? Because it suggests to Wall Street savvy readers that the New York Fed may be planning to use the futures markets to try to engineer a soft landing in an attempt to get itself out of the very serious mess it’s made that Leonard explains very convincingly throughout his book. + +**We checked out the New York Fed’s website and found no mention of this satellite trading floor and satellite Markets Group in Chicago. The Chicago Fed is not so secretive, however, and** [**confirms on its website that the New York Fed’s satellite office is located inside its building**](https://www.chicagofed.org/careers-old/departments/moma)**. The Chicago Fed actually lists profiles of six staffers at the New York Fed’s facility, but it uses only first names, as if these folks are in some kind of witness protection program.** + +There are currently [nine help-wanted ads listed online for the New York Fed’s satellite office in Chicago](https://rb.wd5.myworkdayjobs.com/FRS/3/refreshFacet/318c8bb6f553100021d223d9780d30be). The most interesting is for a “Contact Engagement Policy Advisor.” That job includes this description: “Proactively identify, build, and maintain relationships with a diverse set of senior external market participants, including to develop contacts in new areas or markets where additional relationships are needed; support stakeholders and other senior management develop and maintain their contact networks.” + +For how the New York Fed has engaged in market intelligence gathering in the past, see this [informational video by Karin Kimbrough](https://www.youtube.com/watch?v=D4g_p6Nq_mk), a former Assistant V.P. at the New York Fed. + +On pages 113-114 of his book, Leonard describes what the trading floor at the New York Fed looks like. For the names of the Wall Street megabanks that, literally, own the New York Fed and its money button that endlessly bails them out with trillions of dollars produced at the flick of an electronic switch. + +Leonard sums up his description of the traders and their trading floor at the New York Fed with this: “They are the only traders in the world who can buy things by creating new dollars. This is the basis of the Fed’s ability to influence the economy and the banking system.” + +Well, now these New York Fed traders have clones of themselves — magically creating money at the push of a button in Chicago. + +Creating this cloned facility in Chicago has apparently been going on for a number of years. One individual reports at Glassdoor that he interviewed for the job of Policy and Markets Analysis Associate at the New York Fed’s office in Chicago in December 2017. He said the process took five weeks and he didn’t get a job offer. He writes this: “Was flown in for interviews: 3 interviews (30 mins each) with two people at a time. First one was behavioral, second was econ heavy, third was more questions directly about the fed. In the afternoon, took a policy writing test (90 minutes).” One of the interview questions he was asked was: “What did the Fed do during the 2008 crisis.” If he correctly answered that it bailed out the Wall Street banks and their foreign derivative counterparties [to the tune of $29 trillion](https://www.levyinstitute.org/pubs/wp_698.pdf) – the very banks that created the crisis — that might be why he didn’t get the job. If he had adopted former Fed Chairman Ben Bernanke’s position – that he and the Fed had the “courage to act,” he would have likely landed the job. + +If the New York Fed was not interested in accessing the futures market, why clone itself in Chicago? That’s very far away from the New York Fed and not particularly attractive to the best and the brightest. CBS News ranked Chicago the 31th most dangerous city out of 50 it ranked in 2020. + +If it’s another Sandy hurricane flooding lower Manhattan or a terrorist or cyber attack that the New York Fed is worried about, why not create a backup facility in New Jersey, like the major investment banks on Wall Street have done? Why choose to clone yourself 796 miles away in another major city that could just as easily be the target of a terrorist or cyber attack? + +The answer may lie in the following fact: just 35 miles away from the New York Fed’s office in Chicago, in Aurora, Illinois, is what is known as [a co-location data center where customers can place their own high-speed computers and get faster access](https://www.cmegroup.com/globex/connectivity-options.html) to trading data coming from the futures markets as well as faster ability to execute trades to take advantage of that information. For a mere $12,000 a month, the New York Fed could gain the same advantages that hedge funds have currently. + +Now that the Federal Reserve has made it clear that it’s begun the process of removing its liquidity punchbowl, powerful hedge funds as well as Wall Street trading houses have launched their own process of shorting the market through S&P 500 futures. The intraday whipsawing, with 1,000-point intraday swings in the Dow Jones Industrial Average last week, strongly suggests that some well-heeled player is attempting to scare out the shorts and create a short squeeze (which sends the stock market back up) when the market is plunging. + +There is actually a legal way that the New York Fed could be conducting such futures operations. It’s the U.S. Treasury’s Exchange Stabilization Fund (ESF). The New York Fed explains [its relationship with the ESF](https://www.newyorkfed.org/aboutthefed/fedpoint/fed14.html) as follows: “ESF operations are conducted through the Federal Reserve Bank of New York in its capacity as fiscal agent for the Treasury.” + +According to the [most recent monthly financial statement from the ESF](https://home.treasury.gov/system/files/206/Trunc_Notes.pdf), dated November 30, 2021, it had $229.67 billion in assets. Its assets are those it holds on the last day of the month. What it’s doing in markets on all the other days of that month are not included. + +Under current law ([31 U.S.C. §5302](https://www.law.cornell.edu/uscode/text/31/5302)) the decisions on how to spend the billions in this slush fund belong to the Treasury Secretary and “are final and may not be reviewed by another officer or employee of the Government.” The law also provides that the Treasury Secretary “with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities the Secretary considers necessary.” + +That language would appear to give the U.S. Treasury Secretary the power to intervene in propping up the stock market without the ability of “another officer or employee of Government,” say, like, the Securities and Exchange Commission or Commodity Futures Trading Commission, having the ability to review what’s going on in that regard. + +According to past comments from members of Congress, what goes on in the ESF has been as clear as mud to Congress. + +The vast majority of Americans have never heard of the Treasury’s Exchange Stabilization Fund but it’s been around since 1934. It was created during the Great Depression to stabilize the dollar by engaging in foreign exchange interventions. That mandate morphed significantly from that point forward. (You can read the official version of its interventions [here](https://home.treasury.gov/policy-issues/international/exchange-stabilization-fund/exchange-stabilization-fund-history).) + +As recently as March 31, 2007, the year prior to the Wall Street crash of 2008, the ESF had assets of just $45.9 billion. It’s unlikely we’re ever going to know exactly what former Goldman Sachs banker turned U.S. Treasury Secretary Steve Mnuchin was doing with the ESF during the President T years. But we do know this: President T issued an Executive Memorandum giving Mnuchin complete discretion to use $50 billion in the ESF as Mnuchin solely saw fit. The Memorandum was dated Friday, March 20, 2020. At that point in time, President T’s beloved Dow Jones Industrial Average had lost more than 8,000 points from its close on December 31 of the prior year. + +Also during the same week, Mnuchin had already tapped $20 billion of the ESF to bail out Wall Street. As Mnuchin’s letter of November 19 to Fed Chair Powell confirms, Mnuchin gave (or committed) $10 billion from the ESF to the Fed’s Commercial Paper Funding Facility on March 17 and another $10 billion to another Fed emergency lending program, the Money Market Mutual Fund Liquidity Facility, on March 18. The Fed was allowed to leverage those programs by a factor of 10 to 1 to bail out Wall Street. And that was just the beginning: a multitude of additional bailout programs would be created and operated by the New York Fed in 2020. + +We’ll have a lot more to say on Leonard’s new book this week, which drops an additional bombshell on what’s been going on at that cozy Wall Street club known as the New York Fed. +This play is so fucking easy, nobody can mess it up. Literally can not go tits up. We can finish this with two simple steps (three, if you're adventerous): + +1. Hold +2. Buy the dips (if you can) +3. Hold + +Anyone yelling at you "GUAYS GUAYS THIS IS SO IMPORTANT DEADLINE NAO" is a fucking shill. + +THEY ARE ON BORROWED TIME. + +We are sitting on our hands blowing bubbles and jerking/jilling off. + +We just need to fucking wait and: + +1. Hold +2. Buy the dips (if you can) +3. Hold + +That's literally all there is. Stop falling for signature scams, email shit and whatever else. + +There is NO URGENCY in these three stupidly simple steps: + +1. Hold +2. Buy the dips (if you can) +3. Hold + +So, say it with me, one last time, just we know it stuck this time with everyone: + +1. Hold +2. Buy the dips (if you can) +3. Hold + +Nothing urgent about any of it. It's all that is needed. Why do I say 98%? Because if your mom calls you, because she's dying unless you get over there asap and thus stop buying the dips, because you're somewhere else, then THAT is unlikely to be a shill tactic. Though, ask yourself: Hasn't your mom been dead for 15 years!? If the answer is yes: IT'S STILL A SHILL TACTIC. + +Relax. Chill. The shills sure aren't. + +DISCLAIMER: If you're NOT a shill but find something that needs URGENT attention, it's likely wrong. You're likely wrong. Post it as a question, get input, get eyes on it. Don't throw your terrible interpretation of something out there as fact. + +**tl;dr:** + +Urgent = Shill + +1. Hold +2. Buy the dips (if you can) +3. Hold +[https://imgur.com/hh6VDR2](https://imgur.com/hh6VDR2) + +Not sure about anyone else but I'm a bit over notebooks. + +I can see how notebooks would be useful if you are presenting to other people, but I find them frustrating and not very flexible. I think they just slow me down. + +So I've gone back to using a text editor and loving it. So much faster. Keep in mind I'm not part of a team. + +Anyone found the same? Any templates people use for folder structure? +Was watching a [video](https://youtu.be/r_rKof8IdfU) about spellings puts and the creator noted it was a good idea to sell out contracts during times of high volatility because premiums are inflated and IV crush works in your favor. Is this true? + +Would selling puts directly after earnings be a good idea for better % return on collateral? I know it’s a case by case basis but anyone have insight/experience with this? +I would like to sell naked (margin secured) puts. I know what i am doing and they would be otm on a stock I am bullish on with plenty of cash in the bank to transfer in case the trade turns against me. + +It's pretty frustrating that it is so hard to get approved for level 4. + +For context, I have a 5 figure account and many years options trading experience. + +Any luck getting approved on any real brokers? I am with fidelity currently. + +Update: Thank you all for the replies, I just opened an account with TD and was approved, looking forward to trying out thinkorswim desktop app as I have heard its much better than Active Trader Pro +It seems premiums are high everywhere and Theta gang is straight up killing it. I've started pulling in 2000-3000 a month recently, and it's a great way I've been buying more shares. I've been using it to invest more and diversify better than I originally put in from my bank. + +I get this won't last forever, and am curious as to what people may have been pulling in before the markets got super volatile. + +People that are pulling in thousands a month now, what were you pulling in the years prior with CCs and CSPs? (Give or take the same amount invested) +[Update to this Post](https://www.reddit.com/r/financialindependence/comments/8ejpq5/gov_guy_ready_to_fire_early_at_40_update/) + +Hello all, +I'm 40 yrs old, been working for the govt for the past 15 years, and have amassed a NW of $1.7 mil through a combination of real estate and stocks. + +For my FIRE plan which'll kick in next year, I plan to sell one of the houses and net $150K and add that to my stock portfolio of $670K, for a total of $820K. I'll keep the other houses which after expenses, provide a yearly cash flow of $20K. Assuming a 4% withdrawal, that'll give me $53K/yr to work with. I'll likely pick up an enjoyable side hustle (fixing cars, random carpentry, volunteer fire fighting, whatever) and earn $12k/yr from that, which'll give me $65K total. + +Once I hit 59.5, I'll be eligible to collect on my 401k/TSP, which with a 4% withdrawal, my income will jump to $113K. At 62, my deferred retirement will push me to $138K. + +So, in running the numbers and accounting for everthing, I feel like we have enough to be comfortable. Our yearly spending will likely hover around 62K/yr (we have 6 kids) but that's on a very relaxed budget. If we had to tighten it up, I'm certain we would be fine in the 40-45K range. + +All that said, the numbers look good, everything feels good, I'm currently building cash reserves, etc. As a sidenote, if I stick around for another 9 years, it's worth effectively $1.5 mil in pension and health care. I just don't think I have it in me anymore though, especially when I see that my numbers are looking pretty good. Do y'all agree that my numbers seem solid? If things get dire, I'm a hustler at heart and am pretty confident in my ability to make an extra $30k/yr (plus the wife could also work as she has a desirable degree that pays well). + +**What I'm not sure about is how do I draw down my stock account? Do I just sell across the board to get to my 4% per year? This is the only part that's somewhat hazy for me as I've never withdrawn, I've just always continuously invested and never withdrawn.** + +Thanks in advance for your advice and wisdom, I appreciate it all! + +Also, here's a budget to give you an idea of what we're looking at for retirement spending; + + +Housing, Taxes, Insurance (200K house) $10,000.00 + +Food $7,500.00 + +Car Insurance $2,000.00 + +House maintenance $2,500.00 + +Health Insurance $7,500.00 + +Utilities $2,200.00 + +Kids expenses $2,000.00 + +Car Maintenance $750.00 + +Phone plans $1,000.00 + +Internet $500.00 + +Holiday spending $750.00 + +Fuel $5,000.00 + +Entertainment/Vacations $5,000.00 + +College for kids $6,000.00 + +Hobbies $1,500.00 + +Business ventures for fun $1,500.00 + +Misc $2,500.00 + +Tithing $3,500.00 + +Total $61,700.00 + +Nobody likes the infrastructure bill as it is, so just as we all hope for Ripple (whether we like them or not) to win the case with the SEC, we should also all cheer for this event and share it as much as possible, even if you don't give a shit about ADA or Charles. +It's a war we must fight together for the entire crypto-space. + +"*Mr. Charles Hoskinson of Cardano will be speaking live from Washington, DC, and will also be broadcast to virtual attendees in the Americas, Europe, Asia, Africa, and Australia. This 2-day hybrid experience will be a crash course in blockchain and cryptocurrency training, followed by an evening reception for networking and meeting the speakers, including Charles Hoskinson, Scott Stornetta, and other blockchain pioneers. Live and virtual attendees will also be able to engage with Mr. Hoskinson and other participants through a conference app provided by Qbix.*" + + +Link for more infos: https://www.governmentblockchainfoundation.org/ + +EDIT: Thanks for the award! :) +**TL;DR -- Retail investors own a shit ton of GameStop shares. In fact, it looks like they own WAY more than the total number of Outstanding Shares.** + +Hey All, + +So I have some interesting results from another set of Google Consumer Survey (GCS) which I've been running over the past week or so. + +Anyone not familiar with my GCS efforts can learn all about it in my previous posts, complete with results and a detailed breakdown of the methodology, surveying platform, etc. + +**The most recent result with AAPL control data:** +[https://www.reddit.com/r/Superstonk/comments/oxjv1n/google\_survey\_update\_gme\_ownership\_w\_aapl\_control/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/?utm_source=share&utm_medium=web2x&context=3) + +**Post w/ the complete dataset of the first round of surveying (include N=2,200 results):** +[https://www.reddit.com/r/Superstonk/comments/omdafo/final\_update\_of\_google\_consumer\_survey\_n2200\_at/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/?utm_source=share&utm_medium=web2x&context=3) + +**First GCS post with tons of info on methodology, survey design, GCS platform, etc.** +[https://www.reddit.com/r/Superstonk/comments/o2cnd4/using\_randomized\_representative\_surveying\_data\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o2cnd4/using_randomized_representative_surveying_data_to/?utm_source=share&utm_medium=web2x&context=3) + +........................................................................... + +So this time around, I took a different approach from past efforts. The previous survey design took a highly conservative "tip of the iceberg" approach. I deliberately maximized every conservative aspect of the survey's design and approach to results analysis. I took a draconian approach to penalizing coupled households, and I capped ownership at 101 shares, which obviously had a massive impact on average shares held. Sure, there are plenty of retail investors with XX, but there is also a massive amount with XXX+. So this time around I restructured the response buckets as follows: + +https://preview.redd.it/kc65qnuincp71.png?width=838&format=png&auto=webp&s=847d05530aa887490b0aaf7d3cad4f445395f527 + +Not only did I restructure the response options, I also took an entirely different approach to the question, revising from an individual question to a household question. Here is the difference between how the question was posed: + +# Original Survey Question:"Do you own shares in the company GameStop ($GME)?" + +# New HH Survey Question:"Approximately how many shares of the company GameStop ($GME) are owned by your household (including you, spouse, roommates, dependents, etc.)?" + +So obviously, this should spark much larger results, especially considering the availability of larger buckets. + +I should also mention this latest round of surveying was conducted over three different surveys... we'll call them Survey 1, Survey 1.5, and Survey 2. + +So I initially launched Survey 1 as a multiple choice because I wanted to get the extra bucket that could be had with the inclusion of "None of the above," but after I had got deep into the survey (243/300), Google caught on and paused the survey. You can find that survey here: +[https://surveys.google.com/reporting/survey?survey=t34lwqwcrhhf7g2b2wopmgykdi](https://surveys.google.com/reporting/survey?survey=t34lwqwcrhhf7g2b2wopmgykdi) + +Note that this was a multichoice, and two respondents provided two answers in a single survey ... those results have been struck from the analysis. + +So that led me to launching Survey 1.5 as a single response survey. You can find that survey here: +[https://surveys.google.com/reporting/survey?survey=khowqghah6vyvrhmaj2gi5gq6y](https://surveys.google.com/reporting/survey?survey=khowqghah6vyvrhmaj2gi5gq6y) + +Finally, there is Survey 2. So I had shared the link to the first survey while it was in process, and someone pointed out that results would be better served with a randomized answer order. I originally locked the response order to ascending to improve the experience, but what this person was pointing out was totally true in terms of surveying best practices. I didn't think it would make much of a difference, but it kept bugging me, so I relaunched the survey with randomized answer order. It turns out it didn't make much of a difference, which acted as a proof point for the accuracy of the results, and it also added another N=300 to the sample size. So it's all good. This survey can be found here: +[https://surveys.google.com/reporting/survey?survey=i7msp7adtnetykt3pybb6qrbju](https://surveys.google.com/reporting/survey?survey=i7msp7adtnetykt3pybb6qrbju) + +# So the results ... + +Before I go there, I must say I was quite shocked but what the results showed. Of course, given the massively conservative approach I've taken in the past, I expected a bump. But these household results are showing WAY more than a bump. In fact, I'm left thinking one of three things: + +**1) I somehow fucked up** ... either in my analysis and/or design approach ... please, any wrinkly, mathematician, statistician apes ... PLEASE CHECK MY WORK ... maybe the HH approach does work, maybe I should be dividing the result + +**2) My previous approach was way more conservative than I thought** and there are way more XXXX+ holders than I ever could have imagined + +**3) Hedgies knew we'd be doing more surveying** on GCS platform, so they hired a bunch of clowns to troll the platform for $GME related survey and inflate the results + +I should say I almost didn't post these results because they were so out of whack with previous results that I didn't want this post to be perceived as FUD. But in the end, I decided censorship wasn't the way ... the data is what the data is ... so here we go ... + +https://preview.redd.it/qdnuyjuvscp71.jpg?width=780&format=pjpg&auto=webp&s=f5cd4c5c4a0212f095f4f8d152f9c7e34a3c9917 + +https://preview.redd.it/kpepwne8tcp71.png?width=1404&format=png&auto=webp&s=aa1e5ddb04f2f0346c5dd1abb953a736282edebd + +Yeah, 7.1B shares. Honestly, I don't see how it's even possible. Even in January during the sneeze, daily volume was only in the low XXXMM range. If this number is anywhere near reality, it would mean U.S. came into the January sneeze already hold billions of shares, and almost all volume since January (maybe 20MM-25MM/week) has been strictly buy and hold. Even that doesn't come anywhere near 7.1B shares ... or, it would imply that the volumes we see on the lit exchanges are total bullocks, and apes are buying hundreds of millions of shares every week. With all the DRSing going on, I suppose we'll find out at some point. + +I also took another approach, assuming #3 above was the case ... that is, since GCS results have come out, SHF fucks have hired a bunch of clowns to join the GCS platform to look for and fuck with these surveys. If that's the case, let's throw out all the 2001 Shares or More results. Here's what that looks like: + +https://preview.redd.it/y2wktl7bucp71.png?width=1404&format=png&auto=webp&s=14ffe08a9451b1869890125a156e29fa4b933a51 + +So this is a lot more reasonable, and actually in-line with what I've seen pitched by others. It is still way about previous GCS results, but that is expected. In fact, the AAPL control results should that the previous survey design was probably only revealing a fraction of actual ownership ... perhaps as little as 20% of the actual. So multiply the previous GCS result (163MM) by 5X and it looks like 815MM shares. + +Anyway, the data is what the data is, but I'm really hoping someones reaches out to me and says, "Hey you big dummy! ... you really needed to divide the result by 3 because of XYZ." And I suppose there will be some who will say, "Yep, those results look about right." As for me, I've got to take these results with a massive grain of salt. Previous results looked right and made sense ... but this ... this leaves me scratching my head. + +Of course, none of this information constitutes financial advice, and I'm not a financial advisor. Regardless of these GCS results, I remain convinced that retail owns WAY more share than Outstanding, and my personal approach remains the same: + +https://preview.redd.it/kmn12f2txcp71.jpg?width=586&format=pjpg&auto=webp&s=89129d29c467f44e555b97743fb1dba06e149c14 +I have a few good entries on solid projects such as Solana, Ada, Matic however I am still fairly new to this and not sure if I should hold to the next bull market? + +I understand that prices will drop a lot during the bear market but I am not sure how much they can drop. With the rapid growth that is expected to come in the next few months, doesn’t that make the support weaker allowing the price to really go low? + +A few of my good entries are: +Solana: $35 +Ada: $1.45 +Matic: $0.90 +Luna: $21 + +Any opinions appreciated, thanks +I see people talking about buying at the dip, which in a situation like this would be great in the regular stock market because I could easily throw all my positions into USD when shit goes nuts and then "buy the dip", however, when everything even BTC and ETH are dropping...how can you "buy the dip"? Aside from bringing in more USD or trying to day trade in a situation like this? + +As of right now I'll just hold. But I am curious what everyone else here is doing? +If you didn’t need the money now would putting something like O in a Roth IRA be smart to avoid taxes? + +Let’s say it was coupled with VTI something like 70/30 or 80/20 split? + +Thoughts? For reference I’m in my 30’s and will Max out the Roth every year. +**Here is the portfolio model:** [https://imgur.com/AZRarYw](https://imgur.com/AZRarYw) + +**Portfolio Objective:** To provide an ETF portfolio that operates in “all weather” market conditions with a target holding time >5 years. + +**Portfolio Mechanics:** This portfolio focuses on a more conservative approach to growth investing that utilizes dividend funds to provide an “all weather” approach. One of the main mechanics revolves around dollar cost averaging (DCA) to support more sideways and down-market action. Another mechanic is the asset allocation where 70% of the fund is invested and 30% is stored in a “Reserve”. Reserve funds can be deployed in case of a major market correction (or the always impending market crash, when is that coming exactly?). Lastly, this portfolio utilizes u/VanguardSucks “Quad-fecta” income portfolio where capital depreciation is all but eliminated by allocating a 1:1:1:1 ratio of four major covered call funds (i.e. the sweet spot of maximizing dividends while minimizing depreciation). The link to that post is provided in the text below. + +**Advantages:** Ability to DCA in volatile markets; control over portfolio and allocation; ability to react to market conditions. + +**Disadvantages:** Upside is limited by not being 100% vested in a bull market; DCA can also limit upside; requires patience and discipline. + +I wanted to present my portfolio based on continued research on this subreddit and just my exploration of the financial world (but who’s kidding, basically just Reddit research). That should tell you right there that I am obviously not a financial advisor and that I have absolutely no idea what I am doing. I want to be upfront and just present my thoughts. + +There will always be advantages and disadvantages to any portfolio and my aim is to present a portfolio that I am comfortable with, especially in this shaky market. There really isn’t anything groundbreaking about this model…in fact, it probably just puts “pen to paper” on what a lot of us are already doing which is utilizing DRIP. In my opinion, this is the only way a dividend growth portfolio works unless you are at retirement. My favorite aspect is the ability to have control over your portfolio. You can always adjust based on market conditions with the funds in your Reserve or Cash Management Account. This is, of course, the alternative which is to be 100% invested in a traditional portfolio of VTI/VXUS. Lastly, my broker is Fidelity and they have a good system in place that automatically places any dividends received in a separate cash management account. I am sure all brokers have this, but I am utilizing this to keep control of my funds, to stick with the model paths and decide when and where to reinvest funds. + +The portfolio works as such…set up a monthly deposit that is 100% vested in either JPST or JMST. Please note, you can pick any short income ETF (there are plenty and everyone has given me awesome suggestions). Keep in mind, the goal here is for capital preservation while still paying out. JPST is an ultra-short income ETF that pays out \~1.00% and the dividends are taxable. JMST pays out \~0.60% and the dividends are tax exempt. There are others that pay more but these two funds will act primarily for capital preservation and still pay dividends (Hey, it’s not much but it’s honest work). This is your “Reserve” and can be drawn upon at any time to put into the investment portion. This is where the discipline comes into play…only 70% should be invested into the “Income” and “Growth” paths. Additionally, these funds are DCAed into the investment portion. Again, you could miss out on bull runs, but in the grand scheme you are hedging against choppy waters and significant market downturns. It’s ultimately anyone’s opinion, but this is what keeps me sleeping at night. + +The funds are allocated on a 50/50 split to the growth and income funds. Adjust the mix percentage as you want, it’s just a simple suggestion. Income allocates to u/VanguardSucks “Quad-fecta” income portfolio. Read the original post here: ([https://www.reddit.com/r/qyldgang/comments/ncp0bl/quadfecta\_covered\_call\_income\_portfolio\_analysis/](https://www.reddit.com/r/qyldgang/comments/ncp0bl/quadfecta_covered_call_income_portfolio_analysis/)). The monthly dividends received are stored in the cash account awaiting reallocation to the growth portion. + +On the other side, 50% of the investment from Reserve goes into the growth portion. This is important to keep feeding the growth side. Ultimately, every dollar you put into this portion will be worth a lot more 5, 10, 15 years down the road. The growth portion speaks for itself. The only thing I will say is that I think SCHY and VXUS are interchangeable. The point here is for international exposure. I have found there are days when SCHY is up while VTI/SCHD are down which tells me there is some diversification. I am bias towards SCHD and SCHY because I believe in Schwabs’s methods for picking the underlying assets and believe they can outperform VTI in certain market conditions (and, inversely, they could be stunted but that’s why you diversify). And yes, I do acknowledge VTI is the epitome of diversification outside of VT. + +The funds don’t need to be reallocated immediately, could be every quarter or semiannually. In general, name of the game is compounding the dividends but just in a more controlled environment. Lastly, the dividends from the growth funds are reallocated to the Reserve and the cycle repeats again. One caveat, which I fully acknowledge, is to just invest the money in all growth instead of dividends. My response is that the income portion will perpetually pay out on a monthly basis. Even if you stop depositing funds, you will always have dividends paid to add to the growth portion. This model also allows for two “levels” of cash savings: the Reserve and the Cash Management Account. I acknowledge this might be overkill, but again it’s for the discipline and control of the portfolio flow. + +I think one of the hardest aspects of this portfolio is discipline. I read a lot on the investment subreddits that people sell right before major events that are predicted to trigger market downturns. For example, right before Fed updates about inflation or interest rates…I read people selling their portfolio in attempt to time the market. It’s been said before and just reiterating here: this is a fool’s game. In my opinion, it’s better to keep cash aside to average down in market downturns. This portfolio highlights that idea and helps maintain some consistency in a long-term portfolio. The 30% percent allocation for the Reserve allows for significant DCA in a market downturn; otherwise, averaging down might not matter when too much allocation is given to growth. Additionally, the dividends funds will theoretically keep paying out during downturns. I ultimately think for the average investor, a portfolio of VTI/VXUS is the way to go. In reality, there is price on the time you spend managing your account and it’s ultimately up to the individual. For me, this is a bit more fun and interesting. Dividends are cool to realize and this money isn’t for retirement (bring on that dopamine during pay outs). It’s in a taxable account that I like to play around with. Speaking of that, in reinvesting dividends into growth funds, those funds should not be theoretically withdrawn until at least a year to avoid short term capital gains. It’s obviously not fun having money taxed multiple times (that would be detrimental). The cash account also allows for taking advantaging of individual stock opportunities, but I would be lying if I said I was cash positive on that front. Let me know any thoughts. +**Here is the portfolio model:** [https://imgur.com/AZRarYw](https://imgur.com/AZRarYw) + +**Portfolio Objective:** To provide an ETF portfolio that operates in “all weather” market conditions with a target holding time >5 years. + +**Portfolio Mechanics:** This portfolio focuses on a more conservative approach to growth investing that utilizes dividend funds to provide an “all weather” approach. One of the main mechanics revolves around dollar cost averaging (DCA) to support more sideways and down-market action. Another mechanic is the asset allocation where 70% of the fund is invested and 30% is stored in a “Reserve”. Reserve funds can be deployed in case of a major market correction (or the always impending market crash, when is that coming exactly?). Lastly, this portfolio utilizes u/VanguardSucks “Quad-fecta” income portfolio where capital depreciation is all but eliminated by allocating a 1:1:1:1 ratio of four major covered call funds (i.e. the sweet spot of maximizing dividends while minimizing depreciation). The link to that post is provided in the text below. + +**Advantages:** Ability to DCA in volatile markets; control over portfolio and allocation; ability to react to market conditions. + +**Disadvantages:** Upside is limited by not being 100% vested in a bull market; DCA can also limit upside; requires patience and discipline. + +I wanted to present my portfolio based on continued research on this subreddit and just my exploration of the financial world (but who’s kidding, basically just Reddit research). That should tell you right there that I am obviously not a financial advisor and that I have absolutely no idea what I am doing. I want to be upfront and just present my thoughts. + +There will always be advantages and disadvantages to any portfolio and my aim is to present a portfolio that I am comfortable with, especially in this shaky market. There really isn’t anything groundbreaking about this model…in fact, it probably just puts “pen to paper” on what a lot of us are already doing which is utilizing DRIP. In my opinion, this is the only way a dividend growth portfolio works unless you are at retirement. My favorite aspect is the ability to have control over your portfolio. You can always adjust based on market conditions with the funds in your Reserve or Cash Management Account. This is, of course, the alternative which is to be 100% invested in a traditional portfolio of VTI/VXUS. Lastly, my broker is Fidelity and they have a good system in place that automatically places any dividends received in a separate cash management account. I am sure all brokers have this, but I am utilizing this to keep control of my funds, to stick with the model paths and decide when and where to reinvest funds. + +The portfolio works as such…set up a monthly deposit that is 100% vested in either JPST or JMST. Please note, you can pick any short income ETF (there are plenty and everyone has given me awesome suggestions). Keep in mind, the goal here is for capital preservation while still paying out. JPST is an ultra-short income ETF that pays out \~1.00% and the dividends are taxable. JMST pays out \~0.60% and the dividends are tax exempt. There are others that pay more but these two funds will act primarily for capital preservation and still pay dividends (Hey, it’s not much but it’s honest work). This is your “Reserve” and can be drawn upon at any time to put into the investment portion. This is where the discipline comes into play…only 70% should be invested into the “Income” and “Growth” paths. Additionally, these funds are DCAed into the investment portion. Again, you could miss out on bull runs, but in the grand scheme you are hedging against choppy waters and significant market downturns. It’s ultimately anyone’s opinion, but this is what keeps me sleeping at night. + +The funds are allocated on a 50/50 split to the growth and income funds. Adjust the mix percentage as you want, it’s just a simple suggestion. Income allocates to u/VanguardSucks “Quad-fecta” income portfolio. Read the original post here: ([https://www.reddit.com/r/qyldgang/comments/ncp0bl/quadfecta\_covered\_call\_income\_portfolio\_analysis/](https://www.reddit.com/r/qyldgang/comments/ncp0bl/quadfecta_covered_call_income_portfolio_analysis/)). The monthly dividends received are stored in the cash account awaiting reallocation to the growth portion. + +On the other side, 50% of the investment from Reserve goes into the growth portion. This is important to keep feeding the growth side. Ultimately, every dollar you put into this portion will be worth a lot more 5, 10, 15 years down the road. The growth portion speaks for itself. The only thing I will say is that I think SCHY and VXUS are interchangeable. The point here is for international exposure. I have found there are days when SCHY is up while VTI/SCHD are down which tells me there is some diversification. I am bias towards SCHD and SCHY because I believe in Schwabs’s methods for picking the underlying assets and believe they can outperform VTI in certain market conditions (and, inversely, they could be stunted but that’s why you diversify). And yes, I do acknowledge VTI is the epitome of diversification outside of VT. + +The funds don’t need to be reallocated immediately, could be every quarter or semiannually. In general, name of the game is compounding the dividends but just in a more controlled environment. Lastly, the dividends from the growth funds are reallocated to the Reserve and the cycle repeats again. One caveat, which I fully acknowledge, is to just invest the money in all growth instead of dividends. My response is that the income portion will perpetually pay out on a monthly basis. Even if you stop depositing funds, you will always have dividends paid to add to the growth portion. This model also allows for two “levels” of cash savings: the Reserve and the Cash Management Account. I acknowledge this might be overkill, but again it’s for the discipline and control of the portfolio flow. + +I think one of the hardest aspects of this portfolio is discipline. I read a lot on the investment subreddits that people sell right before major events that are predicted to trigger market downturns. For example, right before Fed updates about inflation or interest rates…I read people selling their portfolio in attempt to time the market. It’s been said before and just reiterating here: this is a fool’s game. In my opinion, it’s better to keep cash aside to average down in market downturns. This portfolio highlights that idea and helps maintain some consistency in a long-term portfolio. The 30% percent allocation for the Reserve allows for significant DCA in a market downturn; otherwise, averaging down might not matter when too much allocation is given to growth. Additionally, the dividends funds will theoretically keep paying out during downturns. I ultimately think for the average investor, a portfolio of VTI/VXUS is the way to go. In reality, there is price on the time you spend managing your account and it’s ultimately up to the individual. For me, this is a bit more fun and interesting. Dividends are cool to realize and this money isn’t for retirement (bring on that dopamine during pay outs). It’s in a taxable account that I like to play around with. Speaking of that, in reinvesting dividends into growth funds, those funds should not be theoretically withdrawn until at least a year to avoid short term capital gains. It’s obviously not fun having money taxed multiple times (that would be detrimental). The cash account also allows for taking advantaging of individual stock opportunities, but I would be lying if I said I was cash positive on that front. Let me know any thoughts. + [u/DerGurkenraspler](https://www.reddit.com/u/DerGurkenraspler/) the OG DiamanteHande ape before u/Parsnip took over.. he said goodbye due to his Health issue . he deleted his accnt and never updated us about his condition. even German Apes know this and wondering how is he.. 🙏 Hope he is doing fine tho.. 💎🙌♾🕳 im Hodling for all of you peeps 🕹🛑🚀 I dont know you guys but i love you all 😎 + +https://preview.redd.it/b5at808xsqu71.png?width=200&format=png&auto=webp&s=ec022c924868f5fb7166048255cd8fdc44df9125 +I am 45, own a house (with my wife) and have no debt. + +About £30k savings and £60k in my pension. + +I earn £70k PAYE and just paid off the house so have started salary sacrificing the salary I don't need right now into my pension. + +I take £30k of my salary to live on (this still allows for £300/month spending and £300/month short term savings) and put £40k/year into my pension via salary sacrifice to avoid paying any tax and NI on it. This £40k includes my employer pension contribution. + +I assume this is the best use of my money right now as it is very tax efficient and I want another £400k in my pension to give me the option to retire at 60. + +I don't know of anyone else putting this much into their pension though; I assume it's just because I live more cheaply than most people but do you think what I'm doing is the best course of action or does anyone have a better idea/see a problem doing this? + +Thanks +**\[1\] They say that around at least 1000 trades are needed to robustly test the consistency of your strategy but what if you trade rare occurrences?** + + +What I know are: + +1. Generate trades on a wide range of assets +2. Testing on different Timeframes +3. MonteCarlo simulation on different start and end dates (maybe?) +4. **\[2\] Are these correct? Any more ideas?** + +**---** + +***\[3\] Side question: Should I use Sharpe Ratio as a metric for such strategies?*** +As the title states, I received a letter in the mail from the IRS that my tax return from 2014 was incorrect and that I owe around $2.5K on less than $10K disputed income. However, when I go to check my balance online on the IRS site it says I owe nothing. Even when I go to the online payment application section, it says the service is unavailable for me. Really unclear about what I should do. I can't really afford that amount at the moment, not that it would ever be convenient. Thank you in advance for any help. +See above question. + +Do you really think the rate of appreciation will be similiar from now - 2062 as the period from 1982 - now? + +I'm not so sure. Interest rates have nowhere to go but up and future demographics suggest population is leveling off. Will prices rise? Probably, but not so sure we will see 1000% gains. + +What are your thoughts? +My Friend has his condo rental on the market for over a month now. Most applicants are a dud. But there's this couple who have great credit, great financials and history, Everything checks out. ----but they only need 6 months. + +Reason: They have a job offer to another city this coming july. + +They offered to pay $100 more in rent. My friend asked me about this, but unfortunately, I dont know anything about condos (I avoid HOAs like a plague). + +Anybody with condo experience give their thoughts about this? +Hi everyone. I live in the Atlanta, GA area. I now no that quadruplex's are off market unicorns, but there's gotta be a way to find them. Any suggestions and or partnership opportunities are welcome. Thank you so much. +Options are going rocket tomorrow. They beat their earnings estimate. And fruitful outlook. + +Spread still looks good. Just be careful with these IV spikes. + +Anyone opening up or buying positions tomorrow? + +Positions: 1k AMC shares, 3/19 $25 calls, 4/23 $12 calls. I like the stock, I like the company. This is not financial advice. + +------------- + + +EDIT: oh wow this post took off 😂 + +Thank you all for the upvotes, Karma and awards! Much appreciated! + +Didn't mean to stir up controversy in bringing up a "meme" stock on here. Was just curious what everyone's plays are, given the unusual options environment these stocks are in. + +----- + +EDIT #2: everyone chill. We are all well aware of IV crushes post EC. And for those of you worried about my 3/19 call, even with IV crush, I netted a 35% return. Going to sit on the 4/23 calls and the shares for now. Cheers everyone 😊 +For those people that were around for it (I was in high school), how did the Dot Com crash play out? Was it one major event that happened and it triggered it? or did the market just start breaking down because of valuations? I'm sure I could look up some youtube videos on it, but I figured I would ask someone that was around to experience it. + +I know a lot of people are thinking we could be heading into a similar scenario, so I'm wondering if it's starting to feel the same or not. +Lets not make any mistakes, gme is going to moon because shorts need to cover and we are naming our prices. It has never been because the market is going to collapse. The negative beta is great, but gme has never been about hedging against a market collapse. All those hedge funds who thought they could make some free cash by collapsing a company to 0 dollars is what caused this saga to occur. The market is starting to collapse because big boys are moving so much money around trying to distract from the narrative of them not covering their naked shorts and constantly resetting their ftds, and its causing volatility in the entire market. I honestly think citadel is trying to just cause chaos, which will in turn cause doubt in the market. They'll take advantage of this chaos and drive a narrative that social media makes the stock market too volatile, and discussion of stocks and the stock market should be banned for the safety of investors' portfolios. Never let anyone forget that we are here because shorts tried to take advantage of a loophole to get away with tax free money, because you don't have to return/cover your shorts if the company is bankrupt. And if the market is chaotic and volatile, it has nothing to do with retail holding a stock they like, or the platforms they use to talk about the stock that they like, and everything to do with corporations and agencies in charge of regulating those corporations working together to fuck over retail investors. +Hello, I’d like to gather peoples thoughts on the future of office work. The main thought in my mind is the salary difference one can get when working in London. In my sector the starting salary is around 28k but in London it is about 33k. What is to stop people now working a ‘London’ job but from their home in the north. Will this lead to a more even distribution of wages? + +Secondly, the cost of renting office space is huge. My company pays £250k a year for an office in the midlands and in city centres this could easily be over a million. Can an effectively managed workforce operating from their homes cause a reduction in office rent costs, and can this saving be passed on to the staff in the form of higher pay? + +Thirdly, my savings on commutes and having to rent a flat near work have totalled around £350 a month. This is £4K a year! I now have the same take home pay as I would have had with 5 years extra experience. + +Has our working life changed forever? +Long awaited (albeit small) video and audio was just uploaded, here you go guys: [https://www.youtube.com/watch?v=71k10ziAEPs&t=1s](https://www.youtube.com/watch?v=71k10ziAEPs&t=1s) + +tl;dr: Angry brown CEO calls out Donnie Pump & JPow for propping up markets, doesn't matter cause they can't hear him over the BRRRRR + +Article linked to interview: [https://www.cnbc.com/2020/04/09/chamath-palihapitiya-us-needs-to-let-hedge-funds-billionaires-fail.html](https://www.cnbc.com/2020/04/09/chamath-palihapitiya-us-needs-to-let-hedge-funds-billionaires-fail.html) + +Accidentally posted an older article before out of pure excitement after hearing this fucking ledge call out the fucked up shit going on within the market, all while destroying Wapner and his (actually, and not in an endearing way) retarded buddies trying to form rebuttals. + +Through all the pain watching all of our portfolios go up in flames the past few weeks, this motherfucker came in and spoke for all us and really put a smile on my face. + +Here is a soundbite of the interview, if you enjoy it I edited and added a small video with full audio. It's a little long, but I promise it's worth listening to. This mf was spittin. + +[https://twitter.com/CNBC/status/1248323677898366978?s=20](https://twitter.com/CNBC/status/1248323677898366978?s=20) + +Positions: Who fucking cares at this point most of us are broke as of this week + +edit: As of 3:30pm Wapner is currently live on air bringing up rebuttals to the airline argument two hours later without Chamath there, guess he needed a bit of time to pull the giant factual based dildo out of his ass. + +Thank you for the gold kind stranger. Typically a lurker who occasionally contributes semi-funny shitpost-esque comments, but watching this today had me not only fired up, but laughing my ass off as he tore CNBC to shreds. +I’m in a 4 person student house in nottingham (so Severn Trent water) and have I think fairly normal usage. We currently pay by direct debit £81.25 per month for water, which is nearly a grand a year. +This is surely far too high? Is this a normal price to be paying? There phone lines are busy at the moment, so don’t want to have to wait on hold just to find out that’s just how much it really is. +How much do you pay? + +Edit: it’s £81 for the whole house per month via direct debit switch two payment dates a year. I submitted a meter reading today and asked to be billed according to it and it took less than half out of the account credit that we’d built up (which was about £240) and the account credit now reads £157. I asked for the direct debit to be adjusted to reflect this and from now we’re paying £14 a month as a house of 4 people, which now seems very low from what people are saying in the comments haha. I’m assuming this is because of the credit still on the account though. +I’m still pretty new to investing on the stock market. + +I own 10 shares of PPD which is being acquired by Thermo Fisher. From what I read, it will pay shareholders $47.50 for each stock. What does this mean for me? Do I just get paid the $47.50 and I no longer own the stock? Or do I get stock in the new company? +Beyond Meat Inc's quarterly losses ballooned, as the plant-based protein maker spent heavily on product launches and offered big discounts as it tried to guard its market share against deep-pocketed players and nimble upstarts. + +The company's stock slid 20% in extended trading on Wednesday, as Beyond Meat (NASDAQ:[BYND](https://www.investing.com/equities/beyond-meat-inc)) reported a gross margin of 0.2% for the first quarter ended April 2, a 30 percentage point slide from a year earlier. + +The company blamed higher manufacturing and shipping costs as well as its move to launch a plant-based jerky with PepsiCo (NASDAQ:[PEP](https://www.investing.com/equities/pepsico)) Inc for poor quarterly performance. + +"To launch a first-time product at such a large scale and prior to the establishment of our own dedicated and streamlined process, we had to do so in an expensive and inefficient manner," Chief Financial Officer Philip Hardin said on an earnings call. + +The company is also battling competition from Tyson Foods Inc (NYSE:[TSN](https://www.investing.com/equities/tyson-foods)) and Kellogg (NYSE:[K](https://www.investing.com/equities/kellogg-co.)) Co, which are spending heavily to cater to the craze for plant-based meat, forcing Beyond Meat to offer deep discounts on its products. + +[https://www.investing.com/news/stock-market-news/beyond-meat-misses-quarterly-sales-estimates-2822952](https://www.investing.com/news/stock-market-news/beyond-meat-misses-quarterly-sales-estimates-2822952) +My fiance is currently looking to buy a used car. Her budget is on the lower side, as well as her ability to make a down payment, due to her piecing her life back together after various events. + +She's currently aiming to try to pay in the $220/mo range.. and I think she'd probably get a 3.8% to 4.0% interest rate (60 months, I think. 48 if the car is cheaper). As she looks around... every website lists things in her "price range" in that $10,000 to $12,000 ballpark. But as I look closer... those values are always calculated AFTER putting 10% -20% in as a down-payment. + +And then the sites that show additional costs, such as processing fees like "$999" and delivery fees in the $500 range on top of that, pushing the cars true price into the $13,000 to $14,000 range. Which would be well above her monthly affordability, if you roll those processing fees into the loan. + +Is this a normal rate? Is the down payment supposed to go to these fees? When you're trying to calculate the cost to the vehicle, shouldn't such high fees be visible... or do they expect you to have double the "down payment" on hand for a car purchase? + +edit: Just want to say thank you all for your insights. By all means keep them coming, but wasn't expecting this many responses, and getting a lot of helpful information here. + +**Post-purchase Follow-up**: Using lots of advice from this thread, my fiance and I had a talk and we ended up making some changes. 1) We found a vehicle in the $7,000 range. 2) We went with a Honda Fit in decent condition over a Chevy Spark, 1 owner, no accidents. CarFax showed regular maintenance by the owner. She loves it, particularly the interior and the windshields. We'll probably need to spend a bit more to deal with a few rust spots we found while they are still tiny. 3) We scrounged up ~$1500 for a down payment. 4) We drove all the way to PA to buy it... it was about $800 extra in fees, tax, title, tags, etc. No fighting over the price or weird fees. 4) Financed through a credit union, and the reduced price made a 48-month possible. 5.5% wasn't too bad, and she's still spending almost $70/mo less than she felt comfortable with. 5) Because of inflated prices, we opted in to GAP protection through the credit union. Not ideal, but I was thinking about the markup and felt if a total-loss accident happens after prices normalize, then at least we won't be out a car with an upside-down loan. Thank you all! +Hello guys, + + +I was just wondering where in the US do you guys think is the best state to retire? + +I'm just starting my journey but I want to think ahead and I have no desire to retire where I currently live. I just wanted to get some of your ideas on what you think is the best state to retire? + +Let's say hypothetically that on July 1 2020 the planet's food productivity instantly decreased by 25% while our population increased by 25%. Return to status quo after 20 years, with food productivity scaled to meet population. What sorts of investments would you be looking at? + +For example, would having an agricultural ETF be good because demand has drastically increased, or bad because productivity has drastically decreased? Or both? + +What ways could you protect yourself from unknown government responses to the crisis? +I opened the account up to save for a down payment on a house. I opened the account with a $90000 deposit from sale of investments and eventually had $115000 in it. When I initially went to withdraw the money I learned I had a daily cap of $10000. I said, okay that sucks but I'll just make 6 transfers at the end of February and 6 at the beginning of March and make this work. My first transfer went through and subsequent transfers were canceled because of a limit. I then learned I had a $15000 monthly transfer limit on the account. To overcome this, I spent 50 minutes on the phone today and closed my account. I'm receiving a check for the full amount. + +Short summary I would not recommend Citibank Accelerated Savings if you plan to deposit more than $15000 and would like to get access to your money. So unless you are looking for a banking product which lets your deposits never leave (okay leave in 15000 monthly increments) look elsewhere. + +Editing to respond to comments + +Question 1 - Why are you complaining versus taking personal responsibility for research you could of done? + +*I read the short marketing description of the product with the limit of 6 withdraws. I'm familiar with Regulation D and wasn't surprised by the 6 monthly withdraw limit. I re-reviewed the marketing materials and they do not mention the $15000/month withdraw limit. After learning this new information about the limit, I've closed my account with Citibank so I can get a financial product which fits my needs. In my opinion that is taking responsibility.* + +Question 2 - Why did you do not do a wire transfer or ACH pull from another bank? + +*I didn't do a wire transfer because of the fees. I didn't do an ACH pull from another bank because I wanted the account closed after learning about the limit and getting a check seemed like the simplest way forward to end my relationship with Citibank. I also don't immediately need the money. I'm currently staging the money 1 month before I need it.* + +Question 3 - Why didn't you go to the branch to work this out? + +*Citibank doesn't have a branch in my city. I opened the account online.* + +Question 4 - Why did you put $100K in a low yield saving account? + +*Citibank is currently #5 on bankrate's top yield savings accounts.* + +Question 5 - Why are you so financially un-savvy to park so much money in a savings account when their are so many great options with higher returns? + +*I have a balanced portfolio where the majority of my wealth is spread in very low fee stock index funds. I keep a certain amount of cash on hand to plan for upcoming purchases such as a down payment of a house and to always be in a position to put a new roof on my current house. I also like to diversify away from a single company and if the day ever comes where I learn Fidelity, M1 Finance, or Vanguard is under investigation I know not all my fortune is residing with one company. I also think FDIC insurance is a useful tool to protect a small amount of your wealth.* + +Questions 6 - Would you recommend Citibank Accelerated Savings? + +*Yes, if you keep a balance of less than $10K.* +Hi all. Noob here still learning the ropes. Did a couple of covered calls with expiry today. Just wondering if you guys normally close it before expiry or let it expire worthless? Appreciate the help! (They are all otm so risk of getting exercised is low) +Don't get me wrong, I'm a slut for some altcoins. There's some that I am very excited about and could see or are doing great things. + +But there's one big problem with each of these altcoins: you can't fully trust them anymore. Stuff like the recent crypto dot com ordeal, SOL, and the constant rugpulls. It's becoming more clear that you can't trust a project. There is always the thought in the back of my mind now that the developers could one day pull a CDC and just fuck over their investors. Neglect the attention ot to cover all their bases. Or just say fuck it and dip out. + +The only project I seem to fully trust is Bitcoin now. I'm not worried about the developers deciding, "oh, we're actually going to make the max supply 100m now instead of 21m." Everything is set. It's all Gucci. + +Will I only invest in BTC now? Heck nah. I'll still keep my eyes peeled and sink some beer money into alts. But now I will be extra, extra careful. Chasing gains is over. I'm only interested in things I can trust for now on. CDC taught me a lesson. So thanks for that, I guess. + +Edit: also meant to including ETH being pretty tight. I'm dumb and forgot to include it. +Last year, I noticed an HSA contribution hadn’t been taken out of my paystub. Contacted HR and got it fixed. Luckily, I caught it after one pay period. + +This year, my paystubs looked correct, but when checking my contributions to my 401k, the last contribution was a month and a half prior, coinciding with a migration to a new HR system. Contacted HR and got it fixed as well. + +This is an EOY reminder to make sure to check your paystubs AND accounts to make sure everything is correct! +Some big companies are down 30% from 3m highs...Apple, amazon, etc.. is now a good time to buy? + +I know bear is coming but will these stocks really drop much Lower? +Just noticed my typo in the title. Sorry about that** + +So let me provide some background: + +I use fundamental analysis to pick which stocks to buy and technical analysis to pick my entry point. + +I’m aiming for a return, on each trade, of about 30%. + +I will sometimes use options for better returns, but will usually choose one that is a few months away to lower my risk. + +My goal: $3000 to $1,000,000. If I average 30% per trade, I will hit my goal after about 20 trades. I aim for each trade to take no more than 3 weeks. + +Here is my progress so far: +http://i.imgur.com/KBj9nZI.png + +I already withdrew some profit, but don’t plan to from now on. + +Seems like there is some interest. I’ll make a quick blog this weekend and put a few posts, explaining my trades.* + +UPDATE, I PREVIOUSLY PUT WRONG WEBSITE + +** I started a blog: http://rockingstocks.wordpress.com + +***Please forgive the first few posts and the format. I’m currently on vacation and am doing this via my tablet. Starting in mid-August, my posts will be more in-depth and the blog will be revitalized. + +Oops. Sorry to anyone who vistited the link I posted earlier. I actually posted someone else’s website because I put blogspot.com instead of wordpress.com ... Stupid me for not checking. I posted brief analysis on my first and third trade. +This is a primitive view of whats going on... + +In this kind of pandemic almost apocalyptic phase, what stocks will you want to own, which you will hold on to despite the situation outside? Companies that have survived for 100's of years, or have long history of good business, paying dividends even in dark times... companies like HUL, ITC, Nestle, TCS, Infosys... + +And none of these companies have a single debt paper issued! + + +Most of debt issues are simply given out by NBFC companies! It no coincidence that Mutual fund industry in the country boomed along with the debt fund industry. Several larger established corporates also jumped into the NBFC party and launched "capital" companies offering loans this and that at a relentless phase. AMCs launched fund after fund just to lend to other NBFCs (in reality - among one another) in frenzied unsustainable expansion phase! + + +Its crazy to note how much money was sunk into credit risk funds. The literal meaning of credit risk is: your money is at risk, still some of these funds piled up AUM of 10,000 crores! + +If there ever was a detailed investigation with subpoenaed records of communications between one AMC/NBFC head or manager with another, the whole truth will come out and it wont be pretty at all! + +At this point its safe to assume Indian debt fund market is well and truly dead. +Assume that in the house, there is money lying around with everyone. Husband has some in his bank account and wallet. Wife has some in her bank account and purse and some that she has lent to her friend and relatives. Kids have some money in their piggy bank and between the books. Grandparents have money under their pillow. How does one figure out what is the total money with the family? Just asking is not bringing out the right answers. So now if the currency was demonetized then everyone will be forced to break their piggy banks etc and bring the cash out. + +That is exactly what the government is trying to do. + +Over the last many decades, money has be printed both legally and illegally. It is being circulated legally and illegally. It is being hoarded. + +Govt just wants to know how much money is out there. And this demonetization will do exactly that. People will either deposit the cash money in their accounts or replace it with new notes. + +Govt knows changing notes will not eliminate corruption. It will not make people honest. + +All they want to know is the size of their kitty purse and demonetization will help them in achieve the goal. +Hello IndiaInvestments, coming here after being moderated out by FireIndia, + +Am looking to move, and have begun checking the options of leasing a house for 3 years, as opposed to renting. + +I found leases for houses in the range of 20L-25L. The rent for similar houses in the market is about 35k pm. + +I'm calculating the opportunity cost of the lumpsum at around 10%. For a 25L lease, that's 2.5 L a year, or about 21k. If there are no HRA benefit on this, I will add 30% to this amount, and it comes to 28k per month. + +This, while being cheaper, would also free up the monthly rent cash flow, and insulate against yearly rental hikes. + +I have a few quesitons: + +1. What is the tax treatment for living on a lease? Is there any HRA type tax deduction? + +2 ) Tell me if I'm missing something in my assumptions. + +&#x200B; + +Edit: Thanks all! You've swayed me away from this. As some users rightly pointed out, this is risking a huge corpus, for a few thousands every month. Also, I looked into registration, and to be fully above board, you need to pay stamp duty of 6% on the security deposit. That itself breaks the entire (flimsy to begin with) math. + +Thanks for all your comments! +Hi guys, +Like most of you I also use zerodha for equities. Recently my employer has asked to close my zerodha account as they only allow registered brokers. Seeing no reply from zerodha support. + +Iam asking the process to "close and transfer" my zerodha as well as CDSL account. + +The support page [here!] (https://support.zerodha.com/category/your-zerodha-account/your-profile/articles/how-do-i-close-my-zerodha-account) has some details but it doesnt explain much. + +I understand you need closure document filled and then a CMR of the target account. Where to get the CMR? and how to send CMR? +is there any other document to be attached? + +If anyone has done this recently please let me know in detail, as well as the time required to get this done. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). + Does anyone know how/where to put REIT payout details in ITR2? I know what is taxable and what is exempt and I know my figures too. I just need help in putting them in the right places in ITR2. I am ready to pay you or any charity on your behalf for this knowledge. Please let me know.. +Been trying to understand why AMCs have regular plans for their mutual funds? My understanding was that intermediaries or platforms would have such a plans since they advise/recommend which MFs to invest in. Since Canara Robeco and DSP funds are being directly managed by them why do they have regular plans? What am I missing here? +**Preface:** + +Throwaway account for obvious reasons. I've been a lurker on this sub for years, but I don't think I've posted before. I'm also very aware of just how fortunate we are to be in this position. Apologies for the stream of consciouness / length of the below - my wife and I have spent a lot of time talking about this, but I've never written it all down until now. Slightly embarrased by how much I've rambled on. + +&nbsp; + +**Current Financial Situation:** + +My wife and I are in our mid - late 30s and own a flat in London with no mortage that is currently valued at approx £850k. I have recently received an inheritance of approximately £1m after tax. Prior to the pandemic I was earning approx £60-70k p/a, currently earning less. My wife earns approx £50k p/a. At some point (hopefully not too soon) we'll both benefit from further inheritances - myself a couple of properties at a total value of approx £1.5m (including a house that we see as our future long term retirement home) and my wife a property worth approx £750k. We also have SIPPs and S&S ISAs managed by a FA, but the amounts are somewhat negligble compated to these other factors. Probably £150kish in total. As I said, incredible fortunate. + +&nbsp; + +**Current Personal Situation:** + +The pandemic has given us the time to reflect on our lives and consider what we want for the future. It's also caused us to question our perspective on what we consider important. Prior to this all kicking off we were just mindlessly following 'the plan' - go to uni, get a decent job, advance up career ladder, earn more money, repeat. Never really considered what the end goal was beyond enjoying ourselves on weekends, taking nice holidays, and ultimately enjoying a comfortable retirement. Despite being aware that neither of us was particularly happy or fulfilled, we continued on because we were very much stuck in a loop. + +Upon reflection, we've realised that neither of us enjoy our jobs or current lifestyle. We live for weekends and holidays. We never want to do the rush hour tube commute again if we can help it. We're both sick of endless meetings, emails, deadlines, workplace politics, and all the bullshit that comes with management type positions. We've both worked for some terrible employers / bosses over the years, and we don't want to have our lives controlled like that any more. We've both realised we've been trading time and happiness for money, without ever really knowing why. We're also aware that many people do all of this with retirement in mind, and then don't get to enjoy it due to ill health etc so we're keen to mitigate this unknown risk. + +We've also fallen out of love with London. We'd like more space. We'd particularly like some proper outdoor space. We'd like to live somewhere that's less crowded, with less polution. Despite earning comparatively well and not having a mortgage, it feels like we're fighting against an ever increasing cost of living, and the price of property is just insane. The things that we missed the most during the various lockdowns weren't London specific - we missed going to the pub and to local restaurants. Not the theatre, not expensive inner London restaurants - just the basics. So why do we continue to live here and work jobs we dislike just to afford it? + +Now that we're in a position where we've realised this just isn't what we want to do anymore, we're questioning why we'd continue given our fortunate financial situation. We've come to the decision that having kids isn't for us, which further compounds this question. We've also realised that the majority of our outgoings are directly related to our current lifestyle and living in London - far too much money spent on convenience as we feel comparatively cash rich and time poor (taxis, ubers, takeaways, quick lunches at work, coffees). Too much money spent on nice meals / drinks out because we feel we've 'earnt' them working our miserable jobs. Essentially a combination of spending to make our lives easier, and spending on nice things because it makes us feel better about our day-to-day. Not to mention the health effects - stress for me, anxiety for my wife, the fight against an increasing waistline from convenience eating, too much alcohol etc. It all seems so pointless. + +Essentially, we want to find a better work / life balance. We want to be in control and work for ourselves, not someone else. We want more time to spend on the things that we actually enjoy. We desperately want a dog (or dogs) which just isn't possible with our current lifestyle. We want a quieter life that we can enjoy, instead of a fast paced life that's making us miserable - and we now feel like this is a legitimate option. + +&nbsp; + +**Our Current Thoughts:** + +Honestly, we feel a bit lost. We've never actively considered any other lifestyle, so we aren't too sure where to begin. Unfortunately our careers are in fairly specific sectors, so going it alone on our past experience isn't an option. + +Our first instinct has been to consider purchasing a lifestyle / home based business. We've initially been drawn to the idea of purchasing an existing holiday lettings type business - ie land with an owners home and a number of furnished holiday lets. My parents have friends who were in a very similar situation to us 20 odd years ago and went this direction and absolutely loved the lifestyle. Hard work on changeover days, but limited hours throughout the week. Essentially a semi-retirement. We've seen accounts for a number of businesses of this nature we could afford (approx £1.5m - we'd want to leave a buffer) and turnover seems to be in the region of £80-90k, with a net profit of £35-45k. Once we'd split this income for self assessment purposes, we'd be left in the region of £30-40k p/a combined income after tax as income from furnished holiday lets is exempt from Class 2 and 4 NI. We think that with no mortgage to pay and a naturally slower paced lifestyle / far less convenience spending this would provide a comfortable living for the two of us. We'd then still have an asset worth £1.5m to sell upon our eventual move from semi-retirement to retirement, which would go quite some way. + +However, when I remove myself from the lifestyle considerations and just look at the numbers on their own, I wonder if we could generate more than £30-40k income off of a £1.5m investment. Are there other options we should be considering? Other lifestyle businesses that we could look into? The attractive part is that this idea would provide a home as well as an income, but I naturally want to consider any other options before taking the plunge. + +&nbsp; + +**I'd very much appreciate any thoughts / some outside perspectives from this community. As a lurker I've always been impressed by the range of opinions offered on posts of this nature, and the reality checks that are often included. If you've made it to the end, thank you for your time and apologies if I've bored you with our first world problems.** + +&nbsp; + +**Edit: Thanks all for your comments so far. Just out having lunch, will respond to them all when we get home later this afternoon.** + +&nbsp; + +**Edit 2: I've spent a few hours replying to as many comments as I can. Unfortunately I've hit a wall and need to go sit on the sofa and watch some TV for a bit before bed. Will come back tomorrow morning to continue - thanks agains for all the suggestions and thoughts, it's truly appreciated.** + +&nbsp; + +**Edit 3: I've just realised I also have a few PMs. Will reply to those tomorrow too!** +What system do you use to track your finances and have a better overiew of your whole financial life? Excel? YNAB? Mint? (not working in EU). I'm a freelancer based in Germany. Cheers +First time poster here, not sure what details need to be shared. + +My new job isn't a multi-million dollar job (or even close to that really) but it's a huge step forward financially. I've always lived paycheck to paycheck and I want to break that cycle and I really feel like this is my chance to grow up and take control. But I have no idea how to do that and I'm worried about how to handle the flux of funds. I wouldn't say I'm horrible with money but I would say I don't have much knowledge or any type of relationship with it. I have debt (student loans, car loan, credit card) that right now I have a good handle on, never missed a payment and on track to pay off in time. To add to that I really want to start building a savings and buy a house. + +I was going to start by taking a self-lead personal finance course, is that the best route? + +Edit: I want to thank everyone for their insight. Many good ideas have been shared. My week days get busy so I'm reading the comments and will comment back soon with questions. Thanks again. +Hi everyone, long time lurker and first time poster. As I said, I'm 22, I have a job offer in the financial field after college making $55k before taxes. I would love to stay in my current studio apartment in the center of town that is $1,216 a month. I have a very toxic at home environment as my father is an alcoholic and currently just lost his job and is letting the house go to shit. I would only save money on rent as I would have to buy my own food, gas, etc. I'm really afraid how this will affect my mental health. My goals is to pay off my loans as quickly as possible but I don't believe it will be worth the mental struggle living at home. If I do go back home, I would be looking for an opportunity to moving back here as quickly as possible, after my loans are paid off or close to being paid off. + +A little backstory is I go to a in-state local college and my parents who are not smart with money at all "helped" me with my loans to pay for school and living. Thankfully my aunt got involved who is financial independent and smarter with money than my parents. My aunt had generously offered to pay for my rent while I was in college for 3 years to lessen the amount of student loans I had already accrued. Now nearing graduation, my lease is up on my apartment in 10 days and I would love to take over the rent from my aunt to avoid having to go live at home in a toxic situation but I am wondering if I am being overly optimistic about my situation as student loans are the biggest factor in this. + +Also, my aunt had contributed to an investment account since I was born that is now in my position that is worth around $20,000. + + + +My income: + +$50,000 before taxes + +$43,984 after PA taxes + +$3,665 per month + + + + +Investment: + +$20,000 in brokerage account + + + +My student loans: + +Loan 1: $28,003, Interest Rate 9.55%, Repayment 15 years + +Loan 2: $19,487, Interest Rate 6.50%, Repayment 15 years + +Loan 3: $17,408, Interest Rate 2.00%, Repayment 15 years + +Loan 4: $15,389, Interest Rate 9.88%, Repayment 15 years + +My minimum monthly loan payment would be $746 + + + + +My monthly expenses if I stayed in my apartment: + +Rent: $1,216 + +Parking: $125 + +Internet: $100 + +Electric: $120 + +Cable: $0, I don't watch/need cable + +Groceries: $200 + +Spotify: $10 + +Gas $100 + +Total monthly expenses/rent: $1,771 + + + + +Based of my monthly income after taxes and paying for rent/expenses. I would have $1,058 left over each month. I would want to use the leftover to pay more than the minimum amount for my loans. I want to know what the best scenario would be for me to do is if I can afford to stay in my apartment while paying more than the minimum to pay off my loans quicker. As well as if I should use the $20,000 from my investment account to pay down my loans quickly. + + + +I really appreciate any responses, thank you. +Pretty much what the title says. I can’t help a close friend out as quickly as their family needs the $$. They said they would pay me back in 2-3 months with interest. + +My assumption is a bank doesn’t make a loan that small. + +What other options could I suggest to him? Are there other ‘institutions’ that make smaller loans like that? Thanks in advance for your advice. +My only concern right now is what happens if my landlord doesn't want to keep me around and I have to find a new place. I don't see how anyone would ever accept my credit. Even if I have enough saved up to give extra, the housing market is insane and I wouldn't stand a chance against less risky people. + +I also think about how screwed I would be applying for jobs. I am so embarrassed by my credit and everyone seeing how often I'm late on my car payment. + +Ugh, I just wish I could start over. +I'm one of seven children in my family. My mom was recently diagnosed with Leukemia (AML) a few months ago. She's been in the hospital ever since receiving chemo, radiation, etc. Most recently, she's undergone a bone marrow transplant. However, now that the transplant has happened she has to remain under constant care for the next 100 days. + +We need someone to stay with my mom and care for her 24/7 for these next 100 days. + +We've already racked up $20k+ in medical bills that we cannot afford, so we can't afford to hire someone. All seven children are still in school. + +My father is our family's only source of income and health insurance so he needs to continue working and keep his job. + +Are there any accommodations that can be made? Why isn't there family medical leave or something of the sort? I'm really open to any suggestions right now. +Source here: http://www.usatoday.com/story/money/2015/03/02/costco-citi-visa-deal/24253649/ + +Interesting to see this deal and also interesting that not all Citi cards will be accepted, but all Visa cards will be. Thoughts? +Hello people of Reddit! + +Are you tired of scrolling through Reddit, trying to find a coin you believe in which is worth investing into? Do you wish you were early on one of the major cryptos? Do you want a project with an amazing community? 😉 + +A global pandemic has ravaged many and the world is crying out for a **HERO**. + +**SUPERDOGE** is here to save the day! **🦸** + +$**SUPDOG** is a deflationary meme coin that has a 6% tax rate on every transaction. + +🔥2% is permanently burned from the supply. + +💎2% is distributed to holders. + +🫂2% is sent directly to charity via smart contract with 0% change of fraud. + +Team tokens are locked via DxSale. Liquidity is locked for **79 years**. + +Partnership with **Transform Group** announced. Transform Group is the leading PR team in the crypto industry which has worked with many of the major cryptos, including Ethereum. + +Already on **Trust Wallet**. **CG** and **CMC** applied for and expected VERY soon. + +Fast briefing list of things coming up: + +🎈14k USD on Certik audit (AGREED ON AND COMING IN MID OF MAY) +🎈CMC/CG applied. +🎈NFT airdrop for top holders +🎈Charity work on every 3 months +🎈Development of comic book and animated series,, also airdrop on top holders +🎈CEX potential listing - Hotbit, KuCoin, WhiteBIT, BitMart +🎈Start their own charity foundation. + +Episode 1 of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/5uJeYRDRksc](https://youtu.be/5uJeYRDRksc) + +Episode 2 of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/jqwSI-pCrN0](https://youtu.be/jqwSI-pCrN0) + +As of right now in this very moment, $160,000 + USD has already been generated to our wonderful charities! +Here are the charity wallets that are each receiving 1/3 of the 2% tax rate which is donated to charity. +This is hardcoded into the smart contract and not able to be tampered with. + +💕**WELLS BRING HOPE** drills wells to bring safe water and sanitation to the poorest country in the world. Visit website [here](https://wellsbringhope.org/). Address 0x2A8500831745891D2aC01403Da08883be4D58b72. + +💕**CHILD ENRICHMENT** is providing a voice and a path forward for local children that have experienced abuse of neglect in foster care. Visit website [here](https://www.childenrichment.org/). Address 0x7Dd4eAE167bc55F9EA5df729936Dcc69af0B54B5. + +💕**CLARE MATRIX** is providing support and a full range of treatment methods to overcome addiction to drugs or alcohol. Visit website [here](https://www.clarematrix.org/). Address 0xdDE25A762653baf7D53725010ab3901E6E527523. + +✨Twitter response from Child Enrichment Inc [https://twitter.com/CEI\_AugustaGA/status/1385624911167823872](https://twitter.com/CEI_AugustaGA/status/1385624911167823872) + +✨Twitter response from Clare Matrix [https://twitter.com/CLAREMATRIX/status/1386718198037458947](https://twitter.com/CLAREMATRIX/status/1386718198037458947) + +✨Twitter response from Wells Bring Hope [https://twitter.com/WellsBringHope/status/1386505061048766466](https://twitter.com/WellsBringHope/status/1386505061048766466) + +Make sure to check our [SUPERWEBSITE](https://superdoge.io/) and socials: + +[Telegram](https://t.me/SUPERDOGEio) | [Twitter](https://twitter.com/SUPERDOGEio) | [Reddit](https://www.reddit.com/r/superdogeio) | [Discord](https://discord.gg/PXPXvpgqQq) | [Facebook](https://www.facebook.com/SUPERDOGEio) | [Instagram](https://www.instagram.com/superdogeio/) |[Youtube](https://www.youtube.com/channel/UCbqjUtH_o-CbxP3NM7lJSTQ) |[Medium](https://medium.com/@superdogeio) + +[Chart](https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23) | [BscScan](https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23) +Hi, I’m the AlaskanBullworm. +I tend to love rabbit holes and kool aid and I’m a little zoinked right now so bear with me. SOMETHING BIG IS COMING. + +I’m not gonna sit here and write a 1000word DD/Speculative piece on why I think this, so Enjoy the simplicity i’m gonna provide for you. + +GMerica is no secret, but I have a feeling this is gonna be the central hub for all decentralized transactions that take place within the gaming sector, art world, and the trading of securites(for companies who are willing to partake in the exchange). With all the ties gamestop has with apple, google, and other major players in the game. And Our 🪑 man responding to Musk on twitter. I think we’re gonna witness the biggest tide shift in financial history. A retail driven market/exchange. With Musk buying out twitter, and him having the same ideals when it comes to governing bodies and short sellers as Ryan, I think it’s safe to say Twitter might play an important role in adoption of GMerica. Whether it be getting it trending or even getting the word out to common folk. We will find out. With the censorship not really being an issue anymore, I feel like more and more people will hear about everything we all preach and know. Now, whether this gets lost in new or not, I’m more than open to hear any ideas or further commentary on this Glorious piece my thumbs have written to you. Thank you for listening to my Ted Talk, you can find me out back behind the Wendy’s DRSing my shares as I await for my one-way trip to the moon. Peace be with you and May MOASS be tommorow🚀🍻🗽 + +Edit: someone messaged me suggesting I link this post. Was a hell of a read https://www.reddit.com/r/Superstonk/comments/sl8hii/esl_faceit_acquired_for_15bn_eur_and_says_on/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Hey folks, remember when we polled you earlier this year when we had our yearly State of the Subreddit thread? Topics ranged from demographics to moderation feedback to ideas for new features. We took that survey data and put together a presentation for you! Enjoy and discuss. + +Link: http://imgur.com/a/pTfz9 + +This thread will be up for the first week of April, after which we will begin a new Article of the Week series. +This is not financial advise just my own speculation and opinions. + +This morning PEN has been getting absolutely ripped (at the time of this post it is down 16.00%) + +I believe that this is because [Peninsula Energy’s (PEN) efforts to test operating conditions at its Lance Project in the U.S. have been delayed by six months. ](https://themarketherald.com.au/peninsula-energy-asxpen-field-demonstration-delayed-by-six-months-2021-02-26/) + +The article that I posted up was published by the Market Herald three days ago, so it’s been up long enough for people to have read and those planning to make short term earnings to cash out. + +I believe that PEN will still be good in the long term but with news like this I expect the price to dip further today. +Hello fellow smoothbrains, hope everyone is staying afloat in the sea of red. + +I'm relatively new to stock market - so far only investing in speccy stocks to roll the dice on those mad gains (looking at you HIO). + +Never invested in ETFs or Divvy stocks before but seeing as the market is fucked I figure it's probably a good time to "buy the dip bro". + +Currently looking at throwing cash at VHY - interestingly the share price is quite steady compared with rest of the market. + +Am I smoothing out more wrinkles by investing in VHY now? Or is it as good a time as ever? + +Bonus question(s) for anyone who's using the SuperHero platform to trade - how do Dividends work on that platform? Will they just get added to my balance to re-invest? Can I opt to have them automatically re-invested in the stock they came from? + +May the yields be ever in your favour +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +[Soros Bought Up Stocks Linked to Bill Hwang’s Archegos Implosion - Bloomberg](https://www.bloomberg.com/news/articles/2021-05-15/soros-bought-up-stocks-linked-to-bill-hwang-s-archegos-implosion) + +>Billionaire George Soros’s investment firm snapped up shares of **ViacomCBS**, **Discovery** and **Baidu** as they were being sold off in massive blocks during the collapse of Bill Hwang’s Archegos Capital Management. +> +>Soros Fund Management bought $194 million of **ViacomCBS Inc.**, **Baidu Inc.** stock valued at $77 million, as well $46 million of **Vipshop Holdings Ltd.** and $34 million of **Tencent Music Entertainment Group** during the first quarter, according to a regulatory filing released Friday. A person familiar with the fund’s trading said the company didn’t hold the shares prior to Archegos’s implosion. +> +>Soros also increased its bet on **Amazon.com Inc.** and homebuilder **DR Horton Inc.**, which is now its second-largest public equity position. +> +>The 13F, which money managers overseeing more than $100 million in U.S. equities must file quarterly, revealed that Soros held $4.5 billion of U.S. equities, down $77 million from the prior quarter. +> +>The biggest exit in the quarter was **Palantir Technologies Inc.** Soros sold 18.5 million shares valued at about $435 million. The firm originally revealed it owned a stake in the controversial data-mining company controlled by Peter Thiel in November, but rapidly issued a statement saying the original investment was made in 2012 and it regretted the decision. + +Reuters: + +>\*SOROS FUND MANAGEMENT CUTS SHARE STAKE IN UBER TEHCNOLOGIES BY 79.5% TO 31,406 SHARES - SEC FILING +> +>\*SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN PALANTIR TECHNOLOGIES INC - SEC FILING +> +>\*SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN NORTONLIFELOCK INC - SEC FILING +> +>\*SOROS FUND MANAGEMENT UPS SHARE STAKE IN GENERAL MOTORS BY 49.5% to 655,002 SHARES - SEC FILING +> +>\*SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN DISH NETWORK - SEC FILING +> +>Source for the quarter ended March 31, 2021: [https://www.sec.gov/Archives/edgar/data/1029160/000090266421002758/0000902664-21-002758-index.htm](https://www.sec.gov/Archives/edgar/data/1029160/000090266421002758/0000902664-21-002758-index.htm) +> +>Source for the quarter ended December 31, 2020: [https://www.sec.gov/Archives/edgar/data/1029160/000090266421001434/0000902664-21-001434-index.htm](https://www.sec.gov/Archives/edgar/data/1029160/000090266421001434/0000902664-21-001434-index.htm) + +&#x200B; +Curious to know what everyone’s thoughts are regarding Play-To-Earn (P2E) games. I’ve done some research on them but I always remembered that the top P2E games (Axie Infinity, Aavegotchi, Sandbox) were way too expensive for the average person to actually make “noticeable” amounts of money. + + +Has anyone had extensive experience playing any decent games, and what are your thoughts and opinions? How can we create a more affordable and “profitable” system to earn? +I've been looking at investing in a pool of pre-settlement lawsuits. It's a securitized offering of about 1000 separate pre-settlement cash advances on motor vehicle accident claims, mostly in New York state. Minimuym buy-in is $50K and they are offering 13% interest on a roughly 2-year term. Obviously accredited investors only. + +From digging around it looks like these types of claim are basically uncorrelated with the rest of the market. Additionally, the company offering the securitization has already had a dozen or so of these offerings return all money without default. + +Has anyone invested in such ventures before? Any tips / red flags to watch out for? The returns look great and I can see why they are uncorrelated with the rest of the market, I'm just a bit wary of a 13% "zero effort" return being offered. Is there some hidden variable here that could cause a big loss, like an upcoming change to insurance law? + +Any advice would be appreciated. +Hi all, + +I'm joining a new company that matches up to $1k annually for 529 contributions. I don't have kids or niblings yet, and I would love to be in a position to help out. I am maxing my 401k/Roth and am saving, etc, so distribution of savings isn't really a concern. I have some questions that I've tried to search on here and with Google but am still confused... + +* Contributing up to $1k to get the $1k match seems like a no-brainer, even if there are only middling returns on the account. Is that logic correct? Generally it would take 10 years at 7% returns to double my money... +* Is the 529 *mine*, but with a directed beneficiary? Or do I need to wait for an actual munchkin to exist before I contribute to an account that their parents have created for them? + +Thank you in advance, would greatly appreciate any clarity. + +EDIT: To clarify -- I'm maxing my other tax advantaged accounts. The $1k contribution is money I have sitting around. +About a year ago I posted on here (I deleted the post because I kept going through the comments and getting upset) which had quite polarising responses. + +I had received £3500+ penalty charges for not filing self employment during years where I wasn't self employed. It turns out this was due to some outstanding tax which I had been overpaid, and was also in the middle of an ongoing problem where I'd been issued two NINOs. When they were merged my address wasn't updated and I continued to receive the penalty charges at an old address for almost 4 years. When I actually became self employed and notified HMRC I had thousands in debt over £800 underpaid tax. + +I got a lot of comments telling me to just pay it, that it was my responsibility, even that I'd tried to con the government. Also got some which had the good advice of "just keep challenging it". Almost a year later and i felt like caving. I had loads of paperwork problems that meant my appeal had to be resent 3 times and I was pretty ready to give up. + +Yesterday on my birthday I phoned up to see where we were at and I was told all my penalties had been dropped and I just needed to pay the original outstanding amount alongside my 18-18 SA. BEST BIRTHDAY GIFT EVER. I have spent a year of my life with anxiety, worrying whether or not I could have messed up something so big that I would now lose all my savings. They admitted that they had messed up and that I was being charged due to their problem with my NINO. + +TLDR - The reason I wanted to post in here was: + +A) thank you to the lovely people who encouraged me to just keep fighting it, I didn't lose 3.5k because of you and am able to survive! + +B) HMRC does sometimes mess up badly, they're understaffed and underfunded so don't feel pressured into continuing to fight it if you genuinely believe the system has failed you. Plus everyone I spoke to tried very hard to help me and were friendly. + +C) just pay things straight up if possible, these sorts of lingering payments always seem to backfire. I'm paying this off in one go rather than go through this again. + +D) IF YOU BECOME UNEMPLOYED AND HAVE AN OUTSTANDING PAYMENT PLAN VIA PAYE WITH HMRC ORGANISE FOR ALTERNATIVE PAYMENTS OR YOU'LL GET LOTSA FEES as they automatically make you "self employed" and then you get charged for not filing your tax returns for your outstanding tax... + +Peace out! On to building up these savings now! + +Edit: wow a gold! For my small life problem! Thank you so much, everyone on this thread has been lovely and I hope it's helped shed a light on a problem it seems I'm not alone in having. Hopefully it gives you some perspective that it's not all hopeless, and also I'm sure if you get professional advice this would take less time than it took me! +Kraken literally has the best customer service I’ve ever seen for a crypto exchange, and hell some banks as well . Not only do they have a live chat feature, but they have actual customer support who get back and solved your problem the next day. I’ve seen some other crypto companies have live chat features like kucoin or nexo, but they actually speak English at kraken, and don’t make you wait for half an hour before giving you a shitty bot response. Also, kraken is super straightforward and reasonable, unlike some other crypto companies I dealt with in the past, such as celsius network when I had a 2FA problem ( had the same problem with my kraken account, but they didn’t make me do a damn head stand and grow an extra arm). So, if anyone is looking for an exchange that actually has customer support, and cares about its customers, I’d say go with kraken! +I've been a Bitcoin guy for 4 years. I created this account when I sold everything at a huge loss nearly 3 years ago. Here is my first post ever: +https://np.reddit.com/r/BitcoinMarkets/comments/2ia8ni/daily_discussion_saturday_october_04_2014_part_2/cl0dbbb/ + +I bought back in after a short while and right now I am hugely in profit. BTC will have to go to below $200 and ETH below $25 for me to lose money (I switched some BTC for ETH just before this rally, my only real trading move) But for a while I was losing BIG TIME and it was killing me. Here's my advice: + +Don't let random people on the internet sway you on what to do with YOUR money. + +You can ride this out in FIAT if you want. Keep an eye on the charts and if the trend bottoms out or clearly switches direction you can get back in. If ETH is successful any price under $400 is a bargain. + +When I sold, not owning a single bitcoin after obsessing and accumulating for over a year was very sobering and insightful. I'm no cold arse trader so this shit IS emotional! + +The HODL philosophy is entirely based on fundamentals. So you MUST know what you have bought. If you do, and you believe in it, no problem! Just wait. + + +It has been a while since I wrote my latest big altcoin topic. + +This sub only had <10 000 subscribers, times surely have changed. + +I used to invest in altcoins (with seperate networks) but ever since Ethereum gained traction I have unloaded all of my alts and switched exlusively to Ethereum tokens. + +There are a few reasons for this: + +1) Obviously Ethereum is the prime technology in the cryptocurrency space, and will keep that spot, even strengthen it, in the foreseeable future. Any coins living on the Ethereum network will benefit from the worldwide exposure ETH gives. All these tokens have this Ethereum "buff" as you will. + +2) Ignoring the ICO scams, there are many technologies out there that are choosing the Ethereum network because they see the endless posibilities of the network and want to bring value. This results in a huge brain gain from smart developers around the world. Intelligence means value. + + +Another important note is that I'm a long-term investor. I don't care about short term gains. I look long term so the value dictates the price, not the hype. + +Let's get right into my picks. + +#1st Tier + +*All prices are in USD for future reference* + +**BAT ($0.15):** BAT is the Basic Attention Token, a token that works together with the Brave webbrowser. It's a strong idea from Brendan Eich. He's not your average IT-guy. This guy has changed the way our browsers work, **twice**. He first invented JavaScript, a scripting language that every single web application or website relies on today. Then he went on to become the co-founder of the Mozilla Project. They invented the Mozilla browser, which evolved into the more widely known Firefox browser. Again changing the way we interact and surf the web. + +His newest radical idea is to change the way advertising works. + +Today the advertisers pay websites to spam your screen with ads. He wants to turn the roles around. He wants advertisers to pay you, the user, for allowing them to target you with ads. Every user will now get a choice on wanting to receive ads or not. If a user accepts, the user gets paid. + +A radical but simple idea to end the era of obnoxious and missmatched ad spam and the need for adblock plugins. + +Its current market cap of **$153 million** is a steal for a solution that both users as advertisers have reason to love and prefer. + +**GNT ($0.26):** GNT, the Golem project, was the one ICO that marked a new era in crypto-land: "The ICO". It was one of the first tokens on the Ethereum network, and its $8.6 million coin offering got sold out in 20 minutes back in 2016. The event attracted wide attention and soon after we would start to see the ICO token boom. This was before raising money through an ICO was considered to be "easy" + +Their main idea is just as revolutionary as their ICO: + +becoming a marketplace for computing power. Bitcoin burns electricity with meaningless calculations, while Golem wants to turn this into usable calculations. + +When you think about Golem, you have to imagine: Rendering, processing big data for scientific research, keeping artificial intelligent agents online for 24/7 that can be interacted with. + +This is a big idea that can enhance the world in many ways, on a wide range of fields. The GNT coin will be the currency these miners receive, and researchers, users, programmers will be paying. + +At a **$222 million** market cap, you are not only buying the access keys to huge amounts of processing power, but you might also be buying future access to artificial intelligent agents who will execute your job for you. + + +**DATA ($0.11):** What do the above agents that run on the Golem network need for their computing cycles? They'll be needing data. Lots of data. Streams of data. + +This is where DATA comes in, the coin of the StreamR network. You want your application to tap in on a constant stream of relevant data? Establish a connection with the StreamR network to receive a constant real-time stream of data, in exchange for DATA coin. + +It's not a coincidence that the StreamR developers are closely colaborating with the Golem developers. Golem's posibilities increase with the existence of a decentralized network that streams data. And Golem is a great client for the StreamR network to deliver data to. + +With a **$75 million** market cap and rank 82 (up from 109 last week), this coin is on the rise through the rankings. And for good reason. + + +I'm not randomly picking coins here. + +**ETH ($445.85):** Just for completion, this is a standard pick. **Of course** ETH is going to go higher. Now that I'm at it, I'll just typ what really interests you. Worst case scenario is a $1000 value for ETH in 2018. My expected (but for some probably conservative) expection and estimation puts ETH at an expected $1500 price in 2018. I might be writing a deeper analysis with more detailed predictions in the near future (no promises) ([historical reference](https://www.reddit.com/r/ethtrader/comments/5z39c7/predictions_for_2017_total_market_cap_of_the/)). + +#2nd tier + +Time to explain my tiers. The above 4 coins are the coins I really believe in, which I call the 1st tier. These are long term investments with **a very low risk**. + +The 2nd tier coins have less fundamentals and may be more speculative, although still have a reasonably low risk. + +**RLC ($0.50):** iExec. Kind of a tricky one. But if you love, believe in, and hodl Golem, you would want to hodl iExec (RLC) as well. + +iExec can be considered a healthy competitor to Golem. If Golem succeeds, iExec will be considered the 2nd chance investment for those who missed the Golem train. + +If Golem struggles, iExec might take over its role and become the technology that Golem tried but failed to be. + +At a market cap of **$40 million**, the risk is relatively low while the potential reward can be quite lucrative. If it would ever manage to hit todays market cap of Golem, we are facing a 500 % increase, safely outweighting the risk of -100%. + +If you were to own Golem, RLC is a safe hedge, and your insurance. + + +#Other coins worth mentioning + +**OMG ($8.16)**: OmiseGo, and **ANT ($1.80)**: Aragon. Both beautiful projects that enhance Ethereum itself and will be making the network more valuable. + + +#Final note + +Are there other, perhaps better coins out there than the above list? Absolutely. + +Times have changed. With now there being an abundance of coins to choose from making it impossible to look into all of them. + +The above coins are projects I have researched thoroughly and which I can conclude to be safe bets. Projects that have a high chance of success, while still being relatively cheap. + + +#Please share your picks including the why's + + +As always, let's help each other with more suggestions and picks, **with preferably low market caps** since that's where the gains are to be made. + +Happy hodling! +It has been a while since I wrote my latest big altcoin topic. + +This sub only had <10 000 subscribers, times surely have changed. + +I used to invest in altcoins (with seperate networks) but ever since Ethereum gained traction I have unloaded all of my alts and switched exlusively to Ethereum tokens. + +There are a few reasons for this: + +1) Obviously Ethereum is the prime technology in the cryptocurrency space, and will keep that spot, even strengthen it, in the foreseeable future. Any coins living on the Ethereum network will benefit from the worldwide exposure ETH gives. All these tokens have this Ethereum "buff" as you will. + +2) Ignoring the ICO scams, there are many technologies out there that are choosing the Ethereum network because they see the endless posibilities of the network and want to bring value. This results in a huge brain gain from smart developers around the world. Intelligence means value. + + +Another important note is that I'm a long-term investor. I don't care about short term gains. I look long term so the value dictates the price, not the hype. + +Let's get right into my picks. + +#1st Tier + +*All prices are in USD for future reference* + +**BAT ($0.15):** BAT is the Basic Attention Token, a token that works together with the Brave webbrowser. It's a strong idea from Brendan Eich. He's not your average IT-guy. This guy has changed the way our browsers work, **twice**. He first invented JavaScript, a scripting language that every single web application or website relies on today. Then he went on to become the co-founder of the Mozilla Project. They invented the Mozilla browser, which evolved into the more widely known Firefox browser. Again changing the way we interact and surf the web. + +His newest radical idea is to change the way advertising works. + +Today the advertisers pay websites to spam your screen with ads. He wants to turn the roles around. He wants advertisers to pay you, the user, for allowing them to target you with ads. Every user will now get a choice on wanting to receive ads or not. If a user accepts, the user gets paid. + +A radical but simple idea to end the era of obnoxious and missmatched ad spam and the need for adblock plugins. + +Its current market cap of **$153 million** is a steal for a solution that both users as advertisers have reason to love and prefer. + +**GNT ($0.26):** GNT, the Golem project, was the one ICO that marked a new era in crypto-land: "The ICO". It was one of the first tokens on the Ethereum network, and its $8.6 million coin offering got sold out in 20 minutes back in 2016. The event attracted wide attention and soon after we would start to see the ICO token boom. This was before raising money through an ICO was considered to be "easy" + +Their main idea is just as revolutionary as their ICO: + +becoming a marketplace for computing power. Bitcoin burns electricity with meaningless calculations, while Golem wants to turn this into usable calculations. + +When you think about Golem, you have to imagine: Rendering, processing big data for scientific research, keeping artificial intelligent agents online for 24/7 that can be interacted with. + +This is a big idea that can enhance the world in many ways, on a wide range of fields. The GNT coin will be the currency these miners receive, and researchers, users, programmers will be paying. + +At a **$222 million** market cap, you are not only buying the access keys to huge amounts of processing power, but you might also be buying future access to artificial intelligent agents who will execute your job for you. + + +**DATA ($0.11):** What do the above agents that run on the Golem network need for their computing cycles? They'll be needing data. Lots of data. Streams of data. + +This is where DATA comes in, the coin of the StreamR network. You want your application to tap in on a constant stream of relevant data? Establish a connection with the StreamR network to receive a constant real-time stream of data, in exchange for DATA coin. + +It's not a coincidence that the StreamR developers are closely colaborating with the Golem developers. Golem's posibilities increase with the existence of a decentralized network that streams data. And Golem is a great client for the StreamR network to deliver data to. + +With a **$75 million** market cap and rank 82 (up from 109 last week), this coin is on the rise through the rankings. And for good reason. + + +I'm not randomly picking coins here. + +**ETH ($445.85):** Just for completion, this is a standard pick. **Of course** ETH is going to go higher. Now that I'm at it, I'll just typ what really interests you. Worst case scenario is a $1000 value for ETH in 2018. My expected (but for some probably conservative) expection and estimation puts ETH at an expected $1500 price in 2018. I might be writing a deeper analysis with more detailed predictions in the near future (no promises) ([historical reference](https://www.reddit.com/r/ethtrader/comments/5z39c7/predictions_for_2017_total_market_cap_of_the/)). + +#2nd tier + +Time to explain my tiers. The above 4 coins are the coins I really believe in, which I call the 1st tier. These are long term investments with **a very low risk**. + +The 2nd tier coins have less fundamentals and may be more speculative, although still have a reasonably low risk. + +**RLC ($0.50):** iExec. Kind of a tricky one. But if you love, believe in, and hodl Golem, you would want to hodl iExec (RLC) as well. + +iExec can be considered a healthy competitor to Golem. If Golem succeeds, iExec will be considered the 2nd chance investment for those who missed the Golem train. + +If Golem struggles, iExec might take over its role and become the technology that Golem tried but failed to be. + +At a market cap of **$40 million**, the risk is relatively low while the potential reward can be quite lucrative. If it would ever manage to hit todays market cap of Golem, we are facing a 500 % increase, safely outweighting the risk of -100%. + +If you were to own Golem, RLC is a safe hedge, and your insurance. + + +#Other coins worth mentioning + +**OMG ($8.16)**: OmiseGo, and **ANT ($1.80)**: Aragon. Both beautiful projects that enhance Ethereum itself and will be making the network more valuable. + + +#Final note + +Are there other, perhaps better coins out there than the above list? Absolutely. + +Times have changed. With now there being an abundance of coins to choose from making it impossible to look into all of them. + +The above coins are projects I have researched thoroughly and which I can conclude to be safe bets. Projects that have a high chance of success, while still being relatively cheap. + + +#Please share your picks including the why's + + +As always, let's help each other with more suggestions and picks, **with preferably low market caps** since that's where the gains are to be made. + +Happy hodling! +Hello PF! I'm going to try and keep this short, but it's been bothering me. + +Yesterday I stopped a small gas station to pick up a few items that totaled to ~$19. Normally I decide whether I'm paying by cash or card after I hear the total. Instead of telling me the total the attendant said "you can swipe your card now" and I remember feeling startled by the comment. I swiped my card and looked at the little screen to my left to see the total, but it was blank. I looked back to card reader to start hitting the buttons for debit or credit, cash back, etc. These options never appeared. Instead, the receipt printed. Odd. + +At this point the attendant starts laughing a little and in a "whoopsie I accidentally made a joke" type of voice tells me she accidentally charged me $72. The receipt actually says $91. She (still light-hearted and jokingly) tells me that she can only give me a refund through cash and opens the drawer. I'm looking at this receipt and start thinking of a $35 fee for overdrawing my account(1), the fact that it's Saturday and I don't have time to get to a bank to redeposit the money, and how annoying it would be to fix this on my own when I have plans for the rest of the day. Also, I'm really annoyed and pissed at this woman for fucking up this badly and acting like it's no big deal. + +Cutting the rest of the story down: Tell her she's putting the money back on my card. Ask for manager. She tells me to go next door to talk to him. I object and she calls. Turns out there's no one in the office next door. She pushes THREE buttons and tells me to swipe my card again. I have a receipt in my hand saying I was refunded the amount to my card. + +As I'm leaving I start thinking about other times this has happened to both me and other customers, but for smaller amounts. I, personally, see it happen a couple times a week during the random times I happen to be in there. They always say the line about cash as change and I haven't seen anyone object. Apparently this isn't true since I managed to get it refunded back my card. + +So my question is: does over charging people's cards and giving out cash as change benefit them in some way? It's a very small store and she said the manager would back her up that I could only get cash back, but I clearly got it refunded to my card. Why lie about this? + + + +1) I actually had plenty of money in my account. It was more of a "sticker shock" reaction that ~$100 was just taken out of my account when normally I'd look at my budget and account before spending that amount. + + +Edit: I will be going to my bank tomorrow with all the receipts to talk to them about what happened and how it happens somewhat regularly. I'll post an update later if it turns out that something "interesting" is going on with the store. Thank you everyone! +Recall to address issue that has impacted seven units encompasses ‘nearly all’ Rivian vehicles, the Wall Street Journal observes + +Rivian Automotive Inc. intends to recall about 13,000 vehicles due to a possible safety issue that has so far been found to have impacted several units, the company said Friday night. + +The maker of electric SUVs and trucks said that it was making the move to deal with an “insufficiently torqued fastener” that caused issues in seven instances, though no related injuries have been reported. + +The Wall Street Journal reported on the issue Friday night, observing that the recall affected “nearly all” of Rivian’s vehicles. The company communicated to customers that they should stop driving their vehicles if they notice “steering or suspension problems,” per the report, which noted that this marks Rivian’s third recall since it started producing vehicles last year. The previous recalls affected smaller numbers of vehicles and covered airbag and seatbelt issues. + +A company spokesperson confirmed to MarketWatch that the company was “committed to fixing this issue on any affected vehicles as quickly as possible” and would get in touch “immediately” with affected customers to make appointments for inspections or potential repairs. Any repairs will be completed free of charge at a Rivian RIVN, -7.64% service station and handled in a few minutes, according to the company. + +Shares of Rivian have lost two-thirds of their value this year, while the S&P 500 SPX, -2.80% has fallen 24%. The company lost $1.7 billion in its last reported quarter. +So, I moved out last month and asked my mother to put the electric back in her name. She never did but agreed to pay the bill when I sent it to her 3 weeks ago. The bill was due 5 days ago and silly me forgot to remove my bank account so now I’m out of $100. My main concern now is being responsible for paying the next bill since it’s in my name. I plan on terminating the services on Monday if I don’t hear back from her. If I can show proof that I moved last month will BGE still want me to pay? +Gold has a reputation as a good hedge against inflation, so if gold is rising, it must be that markets are sniffing out inflation, right? Crispin Odey, a European hedge fund manager, even argues that governments may ban private gold ownership if they lose control of inflation in the wake of the Covid-19 pandemic. + +But that line of thinking simply doesn’t stand up. Inflation has been dropping as a result of the pandemic, not rising. Consumer prices fell 0.4% in March and 0.8% in April. The destruction in demand from high unemployment has more than offset the reduction in supply from shutdowns of factories, slaughterhouses, and the like. Sure, the Federal Reserve is offering lots of low-cost loans, but without demand from borrowers it’s about as effective as pushing on a string. So, no inflation from the Fed, either. + +There’s a more straightforward explanation for gold’s recent rise. Gold goes up when interest rates go down. This pair of charts shows the relationship. If you adjust the price of gold for inflation, you see it falling in the early part of the past decade as the real yield on government bonds rose. (Real means adjusted for inflation.) More recently, the opposite has been happening: The inflation-adjusted price of gold has risen, while the real interest rate on 10-year Treasury notes has fallen. + +This relationship makes sense. Gold pays no interest, so it’s unattractive at a time when the real interest paid on bonds is high. In economists’ terms, the opportunity cost of holding gold is high at such times. In contrast, at times such as this, when the yield to be had from Treasuries is actually negative, gold looks pretty good. + +In short, gold isn’t going up because of inflation. It’s going up because the Fed and other central banks are slashing interest rates to fight the opposite risk—deflation caused by the deep Covid-19 recession. + +Of course, gold would also do well if inflation surged and the Fed went easy on raising rates as the economy regained steam. The fear of that scenario is probably behind some investors’ gold-buying. But to argue that the rising price of gold is a symptom of hidden inflation is getting the causality backward. Deflation, not inflation, is the motor behind gold’s rise. + + +https://www.bloomberg.com/news/articles/2020-05-26/here-s-the-real-reason-gold-has-been-rising?sref=s0L1qQ1H +Do you think Barry Silbert and Greg Maxwell supported Ethereum prior to DAO disaster and hard fork? When there was previously no hint that Ethereum would become not "immutable" under such situation? How convenient after the fact that they both decide to change over at this point when there is two chains and they can continue causing havoc. + +People believed after the DAO was behind us that we could move on, to end these attacks against EF. However, make no mistake Ethereum is still under attack and will continue to be so as Bitcoin becomes more threatened by its existence and its willingness to challenge everything Bitcoin maximalist are supposedly against. Which is odd to me as I think there is a place for both Bitcoin and Ethereum. The two combined don't even surpass most mid-cap companies. + +Which leads to the worst thing of all of this short-sightedness is the negative affect it is having on the industry. How is mass adoption or company acceptance improved when the outside world sees such toxicity? This whole debacle has been two things; a money grab and a way to inflict damage on Ethereum in terms of it being in supposed competition with Bitcoin. If they can delay and stall Ethereum's progress and public perception, it gives them more time to catch up. + +It doesn't take a rocket scientist to show how true this is and any of the numerous duplicate accounts or same users posting ad nauseam that down vote this just goes to show how true it really is. I do not even really care about your motives if ones would actually come forward and acknowledge these facts instead of hiding under the guise of immutability. If ETC wants to go their own path that is fine by me, and I support it. But they should do their own work instead of being glorified copy-pasters of people who actually worked hard to create a real project worth pursuing. + +And on a side note, the fact that we don't waste our time posting trivial crap on their subreddit like the significant amount of time they waste on ours, shows they are more threatened of us than we are of them. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +Why are most of the Indian airline companies posting losses year after year and some even are on the verge of closing, from gov't owned Air India to privately owned Vistara every airline companies are in loss. Is this a global phenomena? +https://www.wsj.com/articles/bed-bath-beyond-clinches-loan-deal-11661301078?mod=latest_headlines + +375 mil + RC sale proceeds > 500 mil + +I project SP to go close to 20. + +FINRA short interest report coming tomorrow as well:https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest + +Edit: be conservative guys. Watch the SP and volume before you YOLO. Advise of caution, not financial. + +Edit 2: No evidence of certainty that RC's profits are directly going to help with balance sheet. But given the 6 month involvement in BBBY and the fact that BBBY says they'll come out together with an announcement, he is likely investing all if not most of it back into BBBY in some form. + +Edit 3: u/_IMF_ mentioned this, I'll leave it here. (LOTR ref) +Look to my coming on the first light of the fifth day, at dawn look to the east. The battle of Helm's Deep is over; the battle for Middle-earth is about to begin. +I have been experimenting with buying puts at open on the stocks with the most gains pre-market. This week I was 6 for 6 on being able to exit with a nice quick profit within an hour or two of open. Even in situations where the stock price didn't drop again after open, the put bid still went up as the day went on. I have been buying single puts as tests this week, but am thinking about stepping up my buys a bit. + +Does anyone see any glaring faults with this strategy? + +Update 6/21: This worked again this morning on 2 puts on RAVN. Stock jumped 49% pre-market on acquisition news and has been locked at the new price all morning. Both puts still increased. Bought for $26.21 and sold to close for $38.62 so 47% profit in under 2 hours. I could of made an extra $20 if I held out longer, because both puts went higher, but profit is profit. + +Update 6/24: Hit another 86% hour long buy/sell on ARAV. I am going to start scaling up a bit on these to see how many will actually move. + +&#x200B; + +https://preview.redd.it/76d4wmjpc9771.png?width=941&format=png&auto=webp&s=6ea9b9bbd2f8355bd2942288789d25e21066c146 + +&#x200B; + +https://preview.redd.it/0lawh6rw2n671.png?width=945&format=png&auto=webp&s=9aca88067c533f906b2874e501a23f35b42c9307 + +https://preview.redd.it/qd710ytdp4671.png?width=928&format=png&auto=webp&s=0f0906a062fdf29bcc87b036aea4548e3ff045a9 +November marks my 25th anniversary working towards financial independence. I hope others might benefit from the observations I gathered over an extended timeframe of perseverance. + +I began adulthood with severe anxiety regarding finances. + +I developed FIRE-type thinking before FIRE was a commonly understood philosophy. My thinking developed through personal experiences and later through forums such as these. FIRE thinking helped me to overcome an unhealthy fear of becoming destitute while accelerating other life goals that have brought peace, contentment, and happiness to everyday life. + +This article documents that journey as a means to give back to a community which has given much to me. I hope it is informative, supportive, and motivating for everyone on their own journey. I will answer questions and offer additional perspective in the comments where possible. + +This is a throw away account and certain milestones have been obfuscated to create some semblance of privacy and anonymity, though all financial figures quoted are accurate. + +**Outline** + +1. About Me +2. My FI Philosophy +3. Milestones +4. My Investment Philosophy +5. My Expense Pattern +6. My Evolving View Of FI +7. Lessons & Observations + +**About Me** + +I achieved FI in 2017. I have no plans to RE. + +I am mid-40s living in a HCOL area. Married with no kids as we prefer partying over parenting. + +I grew up in upper lower class economic conditions around military bases. My parents struggled to save money outside of any retirement benefits afforded from their jobs. Frequently being unable to have the trips, food, clothes, and toys that the “other” kids had formed an indelible mark. There have been periods where I have had significant anxiety regarding financial safety. + +I work in tech. My wife is an overworked, underpaid social worker. + +My career began as a deeply indebted student and after graduation included jobs in training, engineering, product, executive leadership, startup CEO, investing, and governance. + +I write a well-read technology blog and authored 3 books that are now irrelevant. + +I travel extensively, sometimes for work, sometimes pleasure. I have visited 50 countries. I have a pilot’s license. I own 2 houses, a plane, 2 cars, and a boat. + +**My FI Philosophy** + +1. **Live Life Below My Means.** I should always be saving money, regardless of what my income level is. As long as I earn a W2 income from a job, my monthly expenses should be (on average) at least 50% below the average after-tax income. This also means that it’s OK to increase my spend on quality of life as my means has increased, though it wasn’t until my 30s before I practiced this without stress. As you'll see, having this policy is easier to state than to always follow. +2. **FI Definition.** Because of my youthful anxiety towards money, difficulty in determining what a viable number of years “in retirement” might be, and debates as to what constitutes a Safe Withdrawal Rate (SWR), I chose to shape a personal definition. For me, FI is the ability to generate enough income from non-W2 activities such that my annual rate of expenses is covered. Income generation can happen from rents, selling volatility, interest, or dividends. In other words, FI is when my net worth continues to grow with or without traditional W2 income. This philosophy may change one day – either because the net worth pool is large or the expected number of years before death materially shrinks. +3. **Eliminate Debt, Even If It Is An Economic Mistake.** After having bought and sold five different homes, I came to realize that the mental stress of having debt outweighed its economic benefits. Starting sometime around 2018, I decided to eliminate all possible debt, even 2% mortgage debt. While the arbitrage of investment results would have yielded a better overall economic outcome by keeping the debt, that financial gain could never be large enough to compensate for the anxiety-neutralizing-feeling of being “debt free”. Whatever I owned was owned by me alone, and in the unlikely event I were to become unemployed or without income, the future of those assets was solely in my control and not in conjunction with a bank. I execute this policy on life assets, such as my primary home and automobile, and toy assets, such as my plane. This, of course, requires a person to have enough assets to cover the debt, and it took me 15 years to achieve this threshold. +4. **Invest To Beat The Market.** If I am willing to devote more energy and research time than others (at the cost of fun, family time, etc), then I should be able to make smarter decisions that yield higher results. Split investments into those things which are liquid vs. illiquid. Try to keep most of my available cash in liquid investments. I prefer (and try) to earn equity in illiquid investments through time-based contributions, sweat equity, carried interest, or as a job benefit. This doesn’t always happen, and I have had to outlay cash for angel investments, as a limited partner in a VC fund, and stock purchases for companies I’ve run. Never let others manage our money as they lack incentives to behave as an owner. As you’ll see, lacking this wisdom once cost me $3M in my early career. + +**Milestones** + +|**Year**|**Net Worth**|**Addl Illiquid Assets**|**W2 Income**|**Material Events**| +|:-|:-|:-|:-|:-| +|1997|\-$95,685|$-|$14,110|Pizza Delivery| +|1998|\-$88,299|$-|$25,906|Graduate Univ.| +|1999|$25,612|$-|$104,155|Footnote #1| +|2000|$88,843|$2,700,954|$125,543|Emp. Equity! :-)| +|2001|$247,777|$800,056|$232,223|Dotcom Bust| +|2002|$294,994|$-|$144,987|Footnote #2 :-(| +|2003|$336,523|$-|$283,847|First Home Buy| +|2004|$384,258|$-|$207,411|Sold 1st Startup| +|2005|$436,189|$15,000|$138,845|1st Angel Investment| +|2006|$558,473|$15,000|$191,384|2nd Home Buy| +|2007|$614,038|$15,000|$204,448|3rd Home Buy| +|2008|$545,783|$15,000|$231,926|| +|2009|$638,926|$15,000|$233,656|Footnote #3 :-(| +|2010|$1,009,650|$25,000|$427,404|| +|2011|$1,333,754|$100,000|$384,681|Started 2nd Startup| +|2012|$1,637,200|$104,000|$89,187|Became VC Scout| +|2013|$1,966,303|$407,703|$255,000|| +|2014|$1,777,266|$1,360,905|$230,000|Sold 1st Angel Investment!| +|2015|$2,313,846|$5,786,086|$243,750|1st VC Distribution :-)| +|2016|$2,638,612|$5,210,121|$368,622|Startup Profitable :-)| +|2017|$6,422,053|$6,162,527|$802,590|Startup Acquired :-)| +|2018|$6,514,291|$7,805,654|$452,129|Paid Off Mortgages| +|2019|$8,202,434|$9,895,887|$561,954|3rd CEO Gig| +|2020|$8,079,164|$6,466,506|$801,151|| +|2021|$7,414,909|$10,658,321|$998,761|Footnote #4 :-(| +|2022|$10,318,719|$9,457,050|$1,065,001|Strong Investment Returns| + +Definitions: + +* Net Worth: The value of all assets where I maintain liquidation control less all known or anticipated liabilities. The assets include fixed assets like my home, plane, and automobiles. While they are illiquid, the choice to effect a sale is within my control. The assets also include the net liquidating value of trading accounts, deferred compensation, 401K, IRAs, and checking accounts. The liabilities include any outstanding debts including mortgages and credit along with any future anticipated taxes that would be due from liquidating 401K, IRA or deferred compensation accounts. +* Additional Illiquid Assets: This is the mark-to-market (ie, my personal best guess) for the carrying value of additional assets for which I am entitled, but for which I have little control as to when or how they may become liquid. These include angel investments, the value of my shares of VC funds for which I am a limited partner, and carried interest for investments that were sourced as a VC scout. This value does not exclude anticipated taxes which is hard to calculate since some taxes are paid in advance of receiving distributions. It’s possible that the tax burden on the remaining distributions could be <20%. It’s possible that all these assets become worthless, but unlikely, as the $9.4M carrying value is spread across more than 3 dozen businesses and about half of those have already been sold or already profitable. +* W2 Income: The income received by my wife and I from our W2 jobs. + +Footnotes: + +1. I had an amazing thing happen about 18 months after university. I was working as a grunt in a consulting firm that had some acquisition interest from a large publicly traded company who was making aggressive moves into an area of technology where I had been tasked. The acquisition was moving fast and the firm needed to produce certain deliverables in a week that would normally require months. I stepped up and found a way to deliver the assets. The consultancy got acquired for what was a great outcome for the founder. Without expectation, he surprised me one day and offered to pay off my remaining $80K in student loans. I was hired by the acquiring company as a domain specialist and they doubled my income to $70K. The feeling can only be described as elation followed by a long cry. It was a powerful lesson in what the value of hard, dedicated work can bring. +2. The dotcom boom and bust was another high and low time. The company that acquired me gave a nice pool of options. In the matter of a year, those options were worth nearly $4M at one point. It was intoxicating to watch the value increase nearly every day as the Nasdaq skyrocketed. I had cashed out some of the options when they were available, but most I did not. To make matters worse, I decided to exercise and hold a good chunk of the options which means that taxes were due on the paper profits. I ended up selling a bunch of options to pay those taxes to the tune of nearly $400K. At the time I was unaware of steps that I could take to protect the value of the options that were unvested or that insurance was available which could lock in their value. If I had known that I could spend 10-15% of the value of the options to lock in their value, I would have done it. But I was young and naïve and believing that stocks only go up. The company I was in had a public high of $98 and by the time the dotcom crash had settled they were down to $4. I was able to sell some of the options and netted a profit of around $300K and the government got to hold onto that $400K in early tax payments. It wouldn’t be until the financial crash in 2009 where I could finally reclaim most of these early tax payments to use as a deduction against income (see the next footnote). +3. The financial crisis of 2008-2010 was a difficult time. I was sitting on three homes, had overpaid for the last home, and had mortgages on all three. When the housing crisis kicked in, I was nearly $750K under water across the three properties. You’ll note that my net worth somehow increased. I saved my bacon through research and a little help from the government. Turns out that if you can get a valid short sale offer in California then the bank will eat the losses on the underwater part of the mortgage. And further, Congress passed a law in 2008 or 2009 that allowed taxpayers to write off the loss for up to two years (the $750K mortgage write off is normally taxed as income). It effectively allowed me to sell two of the homes, walk away from the mortgages, and not owe any taxes. This turned into one boost to my net worth as I was starting to carry the losses against the net worth. The consequence was a massive hit to my credit which lasted 7 years. I had no plans to open new credit cards in that time frame, so felt like a good compromise. The other boost to the net worth was the final reconciliation of what happened in Footnote 2, where Congress allowed taxpayers to take any pre-paid taxes from previous years and to deduct 50% of what’s remaining each of the next two years. This dramatically reduced the income on which I owed taxes, gave me a huge refund for two years, and then boosted the net worth. +4. While the stock market had one of its best years in a decade in 2021, it was one of my worst trading years at -21%. For reasons that will be described in future sections, most of my trading for IRAs and trading accounts (\~85% of my liquid assets), are traded by selling volatility which is somewhat anti-correlated to buy-and-hold. Strong, unrelenting bull markets that have no price relief are difficult for this style of trading to do well and, thus, the performance hit. In spite of this negative performance, the year was a positive net worth year because of distributions from VC funds, the surprise sale of two angel investments, and a small secondary event (the opportunity to sell a portion of my equity) from the company for which I currently run. + +**My Investment Philosophy** + +Here are the cumulative returns across my investment accounts, 401K, and IRAs. These are all investments where I personally direct and control the nature of how the funds should be deployed. + +|Year|Return|Material Events| +|:-|:-|:-| +|1997|0%|| +|1998|0%|| +|1999|17.8%|401k| +|2000|9.5%|| +|2001|(5.9%)|| +|2002|1.4%|| +|2003|7.8%|Open first trading account| +|2004|5.9%|| +|2005|16.2%|Hired money manager| +|2006|12.9%|| +|2007|14.2%|| +|2008|(32.1%)|Fired money manager| +|2009|31.1%|| +|2010|2.1%|| +|2011|12.9%|Started volatility selling| +|2012|24.39%|\>80% of investable assets now in volatility selling| +|2013|3.93%|| +|2014|(8.3%)|| +|2015|57.5%|| +|2016|24.04%|| +|2017|(.6%)|| +|2018|(.1%)|| +|2019|32.7%|| +|2020|(2.8%)|| +|2021|(31.3%)|Horrible year for volatility selling| +|2022|62.9%|Great year for volatility selling| + +My investment philosophy has shifted over 25 years. My current approach, which was enacted in its fullest amount in 2012, involves: + +1. **401K.** Maximize my participation and get any employer match. These funds go into a fairly conservative 2030 fund which is mostly bonds a little bit of stocks. This currently accounts for 8% of my liquid investable net worth. +2. **IRA.** Whenever I leave one job, I immediately rollover any 401K funds into a non-ROTH IRA. This accounts for 22% of my investable funds. The IRA trades by selling volatility through iron condors against broad-based indexes like NDX or SPX. +3. **Cash.** I rotate my checking and emergency cash by investing into tbills, treasuries, and ibonds through Treasury Direct. This has yielded 0.2% to 5% depending upon how interest rates are fluctuating. I mostly do 8 week short term rollovers. It slows in the winter to make any cash needed for taxes available. This equates to 9% of my liquid investable assets. +4. **Brokerage.** This is all of my other investable liquid assets. The brokerage trades by selling volatility through naked leveraged strangles in a portfolio margin account. This was a strategy that I developed a long time ago after spending dozens of weekends reading and learning about options. Selling volatility isn’t for the faint of heart, but if managed well you can reliably return 16% / year while assuming above average, but not “destroy you” risk. Over the years, I have tried to ‘tweak’ how I sell volatility to boost the returns and this generally has backfired. In 2020 during the down turn I decided to alter the approach in a way which would penalize me if the market were to climb aggressively. And, well, that is what it did for 18 months and I took it on the chin. Selling volatility is very good in soft down and flat markets, such as what we are experiencing in 2022. And, thus, it’s been a spectacular year of returns. While there are no guarantees of the future, I expect to moderate how volatility is sold so that I can more reliably return 15% / year with fewer massive up / down years: ie, lower returns with lower results volatility. + +If you have done the math, I have 83% of my investable liquid assets in volatility, which is leveraged, and higher risk. It’s also generally anti-correlated to the stock market. In years that the market does well, volatility will not do as well. Why? A few reasons: a) My job and illiquid assets are heavily correlated to how the NASDAQ will perform with many factors beyond my control, b) volatility is a form of anti-correlation to most of my assets creating a blended return which (over time) adds to a combined net worth, c) I am a horrible public markets stock picker; almost every buy-and-hold bet I make doesn’t yield good results; selling volatility is an approach that allows me to not have to make a judgement on fair value or price of the index; therefore it is programmatic in what is needed rather than having to endlessly study 1000s of public market companies to make investment bets. + +If 30-year treasuries ever breach 10% again like in the 70s, I will put everything I have into them and call it a day. No need to deal with selling volatility if that scenario plays out. Yes, inflation would be monstrous in that scenario, but it would be nice to know that a 10% rate of return is guaranteed for 30 years. And chances are the value of those debt instruments will increase over that time frame yielding a total return higher than 10%. + +As mentioned previously, even if my expectation for selling volatility is 18% / year on average, then it would economically make sense to have a mortgage or HELOC on my properties, especially when their interest rate was <2%. The arbitrage on a $1M mortgage is over 15% / year and that is before you factor the mortgage interest tax deduction. In my 20s and 30s, this would have been a must-do imperative. Unfortunately, it took me 20 years to realize that the financial gain from the arbitrage doesn’t cover the mental stress of having debt with a creditor who takes a senior lien position. + +**My Expense Pattern** + +I’ve tried to structure my “run rate” expenses to comfortable sit below my after tax W2 income. Investment gains and other assets generally should not be sourced for funding the normal lifestyle of which I live. My wife and I are generally minimalists, though for the few things we own or experience, we are comfortable in purchasing a premium product or experience. This especially includes vacations, for which we will attempt to do one 4 week trip every few years, and a number of 5 day and 8 day trips each year. + +I consider my “run rate” expenses to include mortgages, insurance, food, fuel, utilities, vacations, furniture, electronics, medical bills, clothes, jewelry. Generally, anything that we need to spend money on that isn’t considered an investment or necessary for us to live. + +To better reflect the spending patterns, I am excluding any lump sum payments such as a down payment made for a mortgage. The reverse is also true, excluding any lump sum payment received when selling a home. + +My historical tax rate has been \~32% across federal and state taxes after netting out any credits and deductions. I’ve been generally tax inefficient during my income years as I’ve always seen that the steps necessary to lower the tax rate meaningfully were too much of an inconvenience to warrant the potential gains. I expect our effective tax rate to inch towards 38% in the coming years. + +&#x200B; + +|Year|Expenses|% W2 Income|Comments| +|:-|:-|:-|:-| +|1997|$12,555|89%|College years| +|1998|$22,194|86%|| +|1999|$42,904|41%|| +|2000|$47,777|38%|| +|2001|$41,150|18%|| +|2002|$55,208|38%|| +|2003|$106,086|37%|Mortgages add up| +|2004|$139,899|67%|| +|2005|$84,790|61%|| +|2006|$72,874|38%|| +|2007|$106,163|52%|| +|2008|$118,023|51%|| +|2009|$104,085|45%|| +|2010|$192,593|45%|Expensive vacations| +|2011|$190,074|49%|| +|2012|$168,302|189%|$0 startup salary for 6 months.| +|2013|$180,788|71%|4 intl vacations| +|2014|$155,078|67%|| +|2015|$188,987|78%|| +|2016|$185,309|50%|| +|2017|$201,109|25%|Lifestyle creep| +|2018|$267,725|59%|Pilot training is expensive| +|2019|$204,598|36%|Paid off mortgages| +|2020|$97,512|12%|COVID lock down == little spend| +|2021|$134,398|13%|Paid off plane mortgage| +|2022|$167,189|16%|| + +**My Work History** + +I only consistently made $250K of W2 income starting in 2016. At this time, my net worth was $2.6M with another $5.2M in illiquid assets. Our average income over those previous 16 years was $235K with 8 years making less than $200K. While $200K is a very generous income and above the average of most people, my key point is that the combined net worth of $7.8M is far above the $3.8M in taxable income earned over that same period. + +A persistent, hard working family that chooses to spend below their earnings that intelligently invests their savings is able to build significant worth beyond the limits of what their job provides. + +Like the stock market, my career has its ups and downs. + +Interestingly, it’s marked by a number of short stints interspersed among long stints. I’ve worked in large publicly traded companies and as employee #1 in a startup. In my 25-year working career, the longest period of not having a W2 paying job has been 3 months. + +I have only maintained a single W2 paying job at one time. I am, however, allowed to simultaneously angel invest, be a VC scout, sit on boards, and consult for companies across the tech ecosystem while I perform my primary function as employee. All of these additional activities help to build my portfolio of additional illiquid assets. I am earning sweat equity rather than having to outlay significant cash to build these positions. + +&#x200B; + +|Period|Role|Comments| +|:-|:-|:-| +|1997-2003|Engineer, Tech Expert|Joined 15-person startup, acquired by public company after 12 months, multiple geeky roles at the acquirer.| +|2003-2004|CEO|Ran a 10-person consulting company specializing in geekery. Fire sale acquisition by another consulting company & I was not hired.| +|2004|Product|Joined a hot data startup to run product. Culture fail as the founder was a jerk. Quit after 1 week. This company eventually sold 2 years later for $900M! It would have been a big payday. No regrets, though.| +|2005-2011|Product|Mid-sized, fast growing public company.| +|2011|Product|VP @ very large public company. Reported to famous visionary. Resigned after 3 months (famous person was a jerk). Offered $1M / yr to stay and declined. No regrets, though.| +|2011-2017|CEO|Started tech company. Sold to a large public company. Almost bankrupt 3 times before finding fit, growing revenues, and becoming profitable.| +|2017-2019|GM|Ran $100M business unit that included my startup for the company that acquired us.| +|2019-2022|CEO|Hired as CEO of private company. 500 employees, profitable, setting sights on $100M in revs.| + +**My Evolving View Of Financial Independence** + +While young, my view of financial worth was measured by net worth. “Will I ever be worth 1 MILLION dollars?!?”, as if that number held a magical quality that, if achieved, suddenly made one financially well-off. The day I became a millionaire was anti-climatic other than the entertainment value of seeing two commas on my tracking sheet. And that financial milestone was quickly discarded in favor of achieving the next million because I didn’t feel safe / stable / protected with just having one. And then the next one, and next one after that. + +Net worth is not a good way to quantify your financial independence. + +I’m familiar with the 4% SWR, and it’s always struck me as a challenging measure of whether someone has the financial means to retire early. There are too many challenges: how long do you live, changing macro conditions, unknowns about social safety nets, and so on. But even worse, the 4% SWR is a model where, generally, your net worth is likely to decline over those years depending upon how the investment portfolio performs. + +As a way to deal with this anxiety, I’ve shifted my definition of financial independence to be defined by my ability to continue living my current lifestyle through gains made from investable assets. For 2023, this limited view would generate \~$600K (after netting taxes) for spending against a lifestyle run rate which is effectively $200K. + +Selling volatility has a lot of risk associated since it is leveraged. A financial independence definition that depends upon leveraged risk introduces some peace of mind issues. This is the definition I currently use in order to claim that I am financially independent. + +However, I also track a definition of financial independence that is virtually risk free: FI is when my run rate of life expenses is below the interest that can be earned from buying 30-year treasuries. At 4% yield this would generate \~$190K after taxes. The net after tax payments would benefit from not having state income tax and our family being in a lower average tax bracket. With my life expenses under $200K due to a lack of mortgage, I am currently bumping along on this threshold. Half of my annual expenses are vacations and luxury items (plane maintenance is not cheap) which could easily be eliminated if we decided we wanted to retire early and spend well under the interest generated threshold. + +But we won’t. + +We will probably carry on because we love our work. As our investable assets increase, we will allow lifestyle creep wine, vacations, and hobbies over the coming years. + +**Lessons and Observations** + +1. **Perseverance Yields Results.** Having a long history of steady savings can lead to big outcomes. While the sale of my company did create a boost in my wealth, the benefit of compounding savings over decades has lead to a greater contribution to the overall wealth. I’ve never been one to chase quick profits or fads (crypto, though I do own $2K of Bitcoin), and instead see that the professional and technology skills that I can acquire through self-study and life experiences pay larger dividends than with gambling investments. +2. **Always Have A Project.** Whether it’s becoming an expert in a new technology, learning the nuances of how strategic business development is orchestrated, or earning a pilot’s license, having 2-3 ongoing passion projects creates contentment, builds worldly skills, and opens work / financial opportunities that I was not seeking or aware of. +3. **Culturally Fail Fast.** I’ve been in 4 work scenarios where there was a culture mismatch. Either the people around were unpleasant or there was a limited interest in peers to socially connect. Get out of those situations as fast as possible, within days if necessary. I’ve been fortunate to listen to my inner voice and the longest I was in an unpleasant environment was 9 months. In two of these fail fast scenarios, had I stayed for more than 4 years, I would have earned more than $5M in each scenario. They were economic mistakes but like successes. +4. **Peace Of Mind Matters More Than Profit.** It took me the better part of my young adulthood, but I sleep peacefully by structuring my finances and earnings in such a way where I have the maximal peace of mind given my risk tolerance. The things that eat at me would be consistently having expenses above my income and a financial independence strategy that required my net worth to decline due to withdrawals. +5. **Over Sacrificing Will Sabotage Important Relationships.** Being aggressive in your career and sacrificing time with family, friends, and lovers hasn’t created enough of leapfrog in my FI journey that warrants the cost (often sabotage) that will come to those relationships. I was a relentless worker in my early years. Now I am a wise worker with a structured balance between work and play. +6. **Maintain A War Time Mindset With Investing.** Invest assuming that your worst-case nightmare scenario will happen. With this mindset, every investment has risk mitigations (both in my mindset and structurally). By thinking this way, you will be prepared emotionally and skill wise to act when negative scenarios occur. I used to be apprehensive about selling volatility with reasonable risk. It requires me to do things such as selling naked calls. Most traders hear the oft repeated words, "naked calls have unlimited loss potential!" and immediately run for the hills. I worked for months to avoid ever having a naked call go in the money as that would be the nightmare. Well, one time it happened, they were in the money, and I was frozen. But the nightmare was much worse in my dreams, learned how to trade out of it, and recognized that trading as if everything was always in the money made everything easier to absorb. So that is how I invest and trade - it's war time, nothing will go right, and have a plan for every possible contingency. +Hey all: +One a year, or every two years, I try to find more info on that topic. +So, if you want to contribute with your experience, it will be very useful for me and other blind individuals around the world. +The premise is simple: +We can use platforms such as Mt4, but we cannot access data provided by charts as easy. +However, we can use some indicators, basically all indicators that can be represented as numeric value, since they can be read. +My questions are: +1. Do you think it can be done? How much success you think you would have? +2. What indicators you thing can be useful for that? +3. What strategies and approaches? +I'd like to focus on technical analysi! rather than trading based on the news and events, unless you believe the first option is absolutely impossible. +Finally, take in mind that we can access some limited data, like opening, closing, high and low values for a given period: 5m, 15m, 1h, etc, so this information is available. +Thanks in advance for your experience and time, and excuse my english. +Feel free to discuss anything. +Binance is earning huge money off our withdrawals, currently ETH withdrawals stand at 0.01 ETH, i.e. 12$ ! Wtf. +Many users posted this on their sub, and they immediately deleted all posts relating to high withdrawals. Poor! + +Edit: The current Network Transaction fee is 0.00006 ( [https://ethgasstation.info/](https://ethgasstation.info/) ) +Binance's markup is 166x of what the actual cost is. +My parents are kicking me out in May I need to create a plan, I really need help with It, I failed my GCSEs I don't have a levels/ no high school diploma basically. I do have learning difficulty. Now I don't know what to do, is there any job I could apply to or maybe any business I could start? Can anyone help me create a plan so I am prepared? + +I don't have any friends and the rest of my family support my parents decision, I basically have nothing except my £335, I don't have any hobbies so I can dedicate most of my time to work or the business anyone of you can suggest, I can move to a different country if that would help right now I am in England, I was thinking of the US or Switzerland I don't even know, what would you do in my position step by step, I would greatly appreciate your help. +Also (I don't have a car and motorcycle license) +Thank you. +Saw this in r/philosophy and thought it'd prompt an interesting discussion here. + +My takeaways: + +- Keynes argued that with advancements in technology, the workweek should decrease to 15 hours. Russell saw that instead, the workforce would be reduced, so some were working the full week and some were working 0. + +- Work ethic being desirable is an idea pushed upon society by those that profit from our hard work. + +- I like how the article states that schools are to prepare us not only for work, but for life outside of work. And how Russell pointed out that "idleness" is not really wasteful, in fact it is the most meaningful thing we can do. When defined as "life outside of work" then I agree and it really is a shift in priority along the lines of "work to live or live to work?" + +https://www.newstatesman.com/2020/08/why-bertrand-russells-argument-idleness-more-relevant-ever + +Edit: Spelling +## [Updated thread here](https://www.reddit.com/r/ethtrader/comments/8tgjqk/update_eth_at_1000usd_smart_contract/) + +*Read the* [***original thread***](https://www.reddit.com/r/ethtrader/comments/8sn7ir/predict_the_exact_day_eth_will_reach_1000_again/) *that started the proposition* + +*If you wish to contribute to this project, please visit the* [***Github repo***](https://github.com/fuguefoundation/Contract-ETH1000)*. I've done some preliminary testing, and have* [***deployed a prototype***](https://rinkeby.etherscan.io/address/0x8068b04a163cb45d9f6397cd309625b24c896f97) *to Rinkeby.* + +So I've created a draft contract for community review in the event that u/Jimmyn3wbert does indeed wish to give 1 ETH away when we're back at 1000 USD, and assuming he wishes to do so via smart contract. + +One possible way this could play out: + +1. Community audit and code review +2. I deploy contract and transfer ownership or Jimmy deploys it himself +3. Funds are deposited into the contract +4. Users begin making guesses using UNIX timestamps and the address they'd receive the funds in, one guess per address +5. When the contract owner is ready to finalize the deal, he calls a function that enables an oracle to query Kraken's public API. If the price is greater than or equal to 1000 USD, the `payout` function is enabled. +6. Contract owner calls `payout`, which takes the winning timestamp as a parameter. The function iterates over all the various guesses and finds the participant that made a guess closest to the winning timestamp. +7. A winning address receives 1ETH + +I recognize this approach is not 100&#37; decentralized, but I have yet to see an autonomous way of securely implementing this idea. It's a start, looking forward to seeing where it goes! + +EDIT: It is worth bearing in mind some game theory specific to this case. If the contract owner is also the person providing the ETH, and all the participants only have to pay gas in order to participate, then that changes the incentive mechanisms of misusing the payout or selfdestruct functions. There seems to be an inherent "gentlemen's wager" element to this game which smooths over a few of the non-decentralized elements. +I've just spent the last 8 hours going through old posts on this subreddit. I've learned about the block chain, smart contracts, ICO's and potential future winners (status is my favourite and I'm definitely going to buy some golem), dapps, the concept of decentralisation, and loads more. +Thank you to everyone who contributes here. I'm so pumped for the future of Ethereum! + +EDIT: wow someone sent me my first tip! Thank you so much guys, this just re-enforces my initial findings :-) +BTC and ETH communities have been divided (at least /r/ethtrader vs /r/bitcoin has). We may disagree on a lot. However, over XRP's big run the last couple of weeks, I noticed that both communities finally found some common ground in regard to XRP's centralized version of a blockchain. The Ripple project defies the very reason why developers, researchers, computer scientists, leaders, investors etc. find decentralized blockchains so fascinating. + +If we and our friends over at /r/bitcoin want to protect the vision for blockchain technology, we are going to have to stick together and make it our duty to help make new investors that are interested in getting started in crypto investing aware. This means taking the time out of our busy days to explain blockchain basic concepts to them, point them to informative sites or videos, warning them of red flags watch out for on ICOs, stressing the importance of road map and dev team, etc. + +Help each other to keep the vision of a more decentralized world alive. + +EDIT: The following link is a must read for anyone who needs more detail on this or just feels the same in general - https://cryptoyoda1338.wordpress.com/2018/01/04/the-truth-about-ripple/amp/?__twitter_impression=true +Citadel found themselves in an extremely important Catch-22 that involves both GME and AMC. + +Before anyone downvotes or disregards this post just hear me out. I very well count be wrong but it makes sense. + +What we know: +Citadel has a liquidity test on Thursday. +Amc borrow rate hit 80% +GME dropped 11% +We are at the end of the MOAW + +How it connects: +Citadels liquidity test coming up is a huge opportunity for them to avoid a margin call. So today to prepare, they short attack tf out of gme to get those liabilities down and sell some tech stocks so boost their assets. This explains the 11% drop and a huge red day for the market. + +By doing this the hedgies also try and convince apes that we are falling out of our MOAW. After reading wardens DD they realized we were hyped and they dropped the price. However Warden did talk about a possible short ladder after the wedge followed by a slow upward trend. Yes hedgies we do read. The drop and wedge went as expected and are perfectly fine. + +This is where amc comes into play. The amc borrow rate spiked to 80% and the price went up 10% or so. The amc apes are hyped and word is likely getting out as GME saw a similar borrow rate spike before the baby squeeze. This is the catch-22. If citadel chooses to short amc to drop the price their interest payments will be huge and their liabilities will increase. If they do nothing and let amc run they will see the same spike in their liabilities. ALL BEFORE THEIR LIQUIDITY TEST THURSDAY. + +IF THEY FAIL THEIR TEST THEY WILL BE MARGIN CALLED AND THE DOMINOS WILL FALL + + +Tl:Dr hedgies fukd, gme is on a fire sale. + +EDIT: Thanks for the support guys, means a lot! To the people saying this is an amc message blah blah blah, it’s not. Check my post/comment history it’s obvious what side I’m on + +EDIT2: People in the comments asking if amc will moon before gme. There is no way to tell. Apes with more wrinkles than me have speculated that it could happen as their last effort to get apes to sell GME. GME is over 100% shorted, and we own the float. GME is much more catastrophic to them than amc. + +EDIT 3: Liquidity test post + +https://www.reddit.com/r/Superstonk/comments/n763vq/dtcc_members_are_having_a_liquidity_check_may_13th/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +First of all, just to make clear **I am not currently planning on changing jobs or moving away**. But shit happens sometimes and life changes. I heard of the 5 year rule and understand the basis of it. The reasons I'm asking this is to gauge what kind of impact a "movey-outey" kinda life change would have on a fresh property owner, so that I can better estimate whether this degree of risk is something I'm comfortable with. + +How likely is it that my lender would let me rent the place out? This is assuming a LTV of 85-75%? What if it happened within the initial 2 year fixed deal time on my mortgage? Or the idea of being able to rent it out a complete impossibility until I get to \~60% LTV and am about to remortgage? If that's the case and I find myself needing to keep paying the mortgage or selling the flat - outside of the general sales and solicitor fees, are there usually any penalties for closing the mortgage early with a sale? +[https://www.abc.net.au/news/2021-10-24/the-emotional-toll-of-breaking-into-australias-property-market/100557108](https://www.abc.net.au/news/2021-10-24/the-emotional-toll-of-breaking-into-australias-property-market/100557108) + +My friend was telling me how she and her partner are trying to get a house and they've been wasting money on rent. Is it worth buying property anymore now that houses have increased 20%? I feel like you would be wasting money paying off in interest as well, I understand that the house becomes your asset but this means you are given no flexibility. Would love to know your thoughts! +https://www.domain.com.au/news/coogee-apartment-sells-200000-above-reserve-to-local-investors-for-1-3-million-836818/?utm_campaign=strap-masthead&utm_source=smh&utm_medium=link&utm_content=pos5&ref=pos1 + +These two caught my attention: + +> In Sydney’s inner west, a three-bedroom terrace on 3 Myrtle Street in Stanmore sold to a young family of first-home buyers. +> +> Bidding opened at $1.4 million, rising quickly in $10,000 increments before **the hammer fell at $1.52 million – selling $20,000 above reserve.** +> +> Selling agent Blake Lowry of Belle Property Annandale said it was a strong result despite many similar properties passing in on Saturday. +> +> “To get three bidders in this market at that pricing level turning up and being active is not as common as it used to be,” he said. +> +> **The investment property incurred a loss of $140,000 for the vendors, who bought at the market’s zenith in May 2017, records show.** The suburb’s median house price is $1,495,000. + +$140,000 lost (plus other buying costs) in 2 years. Ouch. + + + +> +> In Lilyfield, a three-bedroom house at 165 Francis Street was on the market for the first time in five decades. +> +> **It sold for $1,045,000, just $5000 shy of the reduced reserve of $1.05 million even though it earlier passed in at $1.26 million**. + +Am I right in thinking that it passed in at an earlier auction for $1.26m, and they sold yesterday for $1.045m? Double ouch. (At first I was a bit confused by "was on the market for the first time in five decades", but I guess it doesn't technically go on the market unless the reserve is reached/reduced.) +https://www.cnbc.com/2019/05/04/warren-buffett-on-tesla-id-bet-against-any-company-in-the-auto-business.html + +"The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business,” says Buffett. + +Musk told analysts in an earnings conference call last month that Tesla would be launching its own insurance product later in May. + +Buffett is not impressed, however. “I’d bet against any company in the auto business” getting into insurance, he said. +We're at a point now where the vast majority of American's [agree](https://www.pewresearch.org/science/2019/11/25/u-s-public-views-on-climate-and-energy/) with the scientific consensus that climate change is occurring. And I know that luxury consumption can often exacerbate the problem. For example, a round trip flight to europe emits about 0.5t co2. Business class is about 1 ton, which exceeds my driving emissions for the year. + +So in addition to avoiding unnecessary travel / hanging out with "fellow kids" in coach, I want to use money I save to help the situation. Especially consume or invest in promising technologies. + +* Can I buy carbon credits to offset my emissions? I read about some actual carbon capture companies -- even if it costs extra, are there ways to pay for carbon recapture? Doing so would support this industry. +* Alternative funds to invest in? Ideally something like S&P minus oil and natural gas. Perhaps adding renewable funds to portfolio? +* Angel investing? +* I don't think I have enough to do any actual lobbying -- but any advice on how to affect changes... + +&#x200B; + +Lastly consumption -- I keep thinking about the first gen prius. Yes there was a whole "smugness" stereotype about the early adopters, but it also was those people who believed in the technology. It costed an extra 10-15k at the time, didn't make a ton of financial sense, but the early adopters proved the market, and now there are hybrids everywhere. Same is happening for EVs. So curious what are good opportunities / technologies to support and adopt early on. + +&#x200B; + +Appreciate any thoughts! +Check my Blockfolio real quick and noticed all double digit reds. Honestly, I feel relief more than anything. These crazy bull runs seem to be non stop and almost artificial. A crash has been looming in the back of my mind, yet the entire market has doubled this past month. + +So the real question is how low will it go this time, will we see a crash soon? Or will this bull run of '17 continue straight to '18 + + + "label":"dBUjuiYuikj1eR1khEIsJ", + "bolt11":"lnbc10p1pdvk028pp56r3666nxtrnwswf07fm3kttllpfluh4qdy3hyseu27aya66l33nsdquf35kw6r5de5kueeq235hqgzzdauqcqpgw0ngkaevgerr2t73u7nlz6typvmtxxs3ek3gxw27s9gvxnp46kc4xqqtpgxts5m2sucxu56fppz6gyj8hm0cav9gnj9x5pm3y4y8h4gpsf7c40", + "payment_hash":"d0e3ad6a6658e6e8392ff2771b2d7ff853fe5ea0692372433c57ba4eeb5f8c67", + "msatoshi":1, + "status":"paid", + "pay_index":6, + "msatoshi_received":1, + "paid_timestamp":1523268966, + "paid_at":1523268966, + "expiry_time":1523272535, + "expires_at":1523272535 + + + +this is the future boys ! +Hi everyone! +For the past couple months I've been researching heavily about investing in rental homes. + +As I read books and listen to podcasts it seems most investors live in areas that they can buy homes for rather cheap (less than 100k). I live in a rather expensive area in Texas and finding homes for those prices without needing to be flipped would be few and far between. I don't want to do flips yet until I'm more experienced. I know there's long distance investing, but for my first, I want a property thats local as I'd like to be the property manager so I can learn. + +Anyone have successful experience investing in more expensive markets? Any advice? Thanks so much! +I am reading the Bigger Pockets Ultimate Guide and came across the 2% rule. Sorry if this has been addressed before, I did a search in the sub and came up with nothing. So my question is where on Earth is this applicable and how can I get in to that market?!? The "real world example" they use is as follows: "An average 3bd home rents for $800 in your neighborhood. According to the 2% rule you should be looking to spend around $40,000 for that property..." +I know its a rough estimation and a rule of thumb, but in what world do 3bd homes sell for anywhere close to that? Am I missing something? I live in a very cheap COL area and that rule doesn't apply even remotely to anything I have seen. +Thanks! +Hi all! In my mid 30's with 115k saved up. The plan was to use this junk of capital on an investment property. + +I'm in California and never really wanted to buy an investment property here because + 1. i don't have enough cash + 2. ROI is super low (if any) with this small amount. + +For years I've been toying with the idea of buying out of state and never pulled the trigger. + +I recently starting thinking why not purchase in another country......specifically costa rica. + + +Does anyone have experience in this realm? + +I'd like to airbnb in costa rica. +Hey guys, + +Just thinking out loud here. I would appreciate your feedback and experience on an approach like this: + +**Play 1:** I play 'long the market' with high vol. stocks - covered calls / CSPs / split-strangles, etc. and take $X as premium. Let's say that I book it at 0.6\*$X = Y (Profits) on a monthly basis --> 0.6 here is based on the odds in my favour (long term). + +**Play 2:** I take 20% of Y (which is 0.12\*$X) on a timely basis and buy Puts - I target a specific sector or a segment of sectors that is/are likely to suffer **A LOT** if the market were to dip by, let's say >30%. + +**Scenario 1 (most of the time):** Nothing happens, market keeps moving sideways or upwards. I gain 0.48\*$X on a regular basis (monthly). + +**Scenario 2 (Black Swan):** The market tanks >30%, and I **lose** let's say 10\*$X on my Play 1. But can I design a Play 2 such that I make something like 100\*$X on my Play 2? + +**Scenario 3 (Burn):** The market tanks between 5% and 20%, and I **lose** let's say 5\*$X on my Play 1. Can I design a Play 2 such that I make something like 10\*$X (or at least 5\*$X to break-even) on the play? + +Does any of you have practical experience with a strategy like this? The trouble is to dynamically hedge a setup like this. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Went on a long drive with my youngest daughter (22) last night and she asked me about Bitcoin. She then shows me her CB app and says she is DCAing into BTC. She blew me away at how much she knew about including the pros and cons of different cold storage devices and other topics. I have been mining since early 2018 but she never asked me much about it so I as surprised. I am the proud father of a hodlr. +I’m (25f) my boyfriend (22m) has incredible savings, credit score and has financial investments. I choose to not save and spend my money carelessly when I was younger so I do not have the same financial footprint as him. I recently saved up enough money to get a new vehicle (5,000), I’m a server and work for minimum wage ($11.86) my vehicle costs me about $900 a month between plates, gas and my loan. Which, is my WHOLE paycheque bi/weekly. So at the end of all that I only have around $400 left at the end of the month…. However, I’m impulsive and am having a hard time budgeting and still being able to enjoy my life a little. We are in the process of buying a house. Which is due to my boyfriend. I offered to pay for the lawyer fees and cover the taxes for the property. But, my boyfriend put a hold on that and told me to focus on school (currently in accounting class). I feel like I’m not contributing to our relationship financially as much as he is…. He’s a welder though and makes $32+ an hour. How can I better finances without selling myself short??? +I have a friend who has recently begun to work for an insurance company. She recently asked me if she could come over to “practice” on me - as she is learning how to set up financial plans for people (although her goal is to sell annuities and insurance - she is commission only). She said to me, “you can give me fake answers but it’s easier for me to do it with someone else instead of putting fake answers in myself.” + +I’ve already brushed aside her other attempts to try and sell me things (I am more financially savvy than she is) and now I’m wondering if this new thing is some sort of sales technique they teach you, you know, “Hit up your friends and tell them you need to practice on them.” Any thoughts? As much as I want to support her, I’m not going to be buying anything from her. Thanks! +In case you all forgot, here's a timeline of what the fuck is happening: + +* [In an effort to hold onto liquidity, Kennyboi suddenly changes terms on investors, extending withdrawal period](https://imgur.com/a/L0On3MF) + +* [Kennyboi SELLS part of his empire to Sequoia Capital for $1.15B](https://imgur.com/a/Yam6IHG) + +* [Kennyboi claws back most of it's $2 Billion Melvin Investment](https://imgur.com/a/xHLUApR) + +* [In another effort to build liquidity, Kennyboi is now looking to sell even MORE of his empire by going public](https://imgur.com/a/br5YKzZ) + +You don't need to be fucking Nostradamus to predict where this story is going and why all of the aforementioned is happening. + +Kenny is **desperately** trying to keep his head above water - so desperate that he's willing to sell off chunks of his empire to literally *anyone* that's willing to invest at this point. + +The writing is on the wall - it's only a matter of time before the corner stone of his empire gets knocked out and it all comes crumbling down. + + + +🚀🚀🚀🚀🚀🚀🚀🚀 +I'll try to keep this as brief as possible. Current NW 4M and I never thought I would ever be at this point in my 30s when I grew up on food stamps. + +I own 3 businesses .1 is highly volatile so I'm investing heavily into real estate to hedge because I wanted something more stable I'm currently buying around 20 homes a year and I use the value add method so simplifying of course I buy at 50% value and then do 10-15% rehab and cash out refi at 75% so I have 25% equity but almost none of my capital in the deals after 6 months. Typical deal is 100k pp and 30k rehab then 150k cashout. Plus I only had to give 10% down to acquire property so all in for 15k with closing costs. I also do some deals at 400k pp and 100k rehab then cash out at 525k. + +I always hear from everyone around me that I work too much as in 60-80 hours a week is typical for me. I really have no vacation and even when I do a small 3 day trip somewhere I'm still on the phone and computer for a few hours everyday working. I'm always getting some call about something with 50 employees overall and close to 90 sfh I own there is always something going on even though most of it is asinine and trivial. + +I just find it hard to slow down it's probably due to my competitive nature and I compete against myself always trying to outdo myself year over year. I want to purchase 30 homes this year in the 150k to 300k range. I have 6 closings this month so it's a great start. + +My safety nets include low 7 figures in cash in the bank mostly for peace of mind and market correction . I'm aware I can place the money somewhere else but I don't want to deal with losing money during a correction when I want to pull it out and getting loans is soo much easier when you have healthy savings in your business checking. It's also very powerful to make an offer on a home and show 7 figures for proof of funds it helps me win the vast majority of my offers. I also have 15m in life insurance to cover my real estate debt in case of an early death . + +Has anyone been in a similar position where your basically addicted to the work itself and I take pleasure in acquiring more assets every month. I want to open a car wash or some other business later this year but I don't really have a lot of time as it is. I'm in my early 30s and just having so much and faaaar beyond my wildest dreams . I used to dream of having 5 homes when I was 18 and thought that I would be "the man" . My goals keep getting bigger everytime I hit my old goal and my new goal is 10m net worth and I tell myself then I can slow down or retire. + +Thanks for reading and appreciate any responses from like minded individuals. +I discovered the crypto world in February when there was the pump and dump of doge and ripple. +I bought doge at 3cents and xrp at 30 cents. +I used binance. Binance offered me to buy bnb in order to pay less commissions, so I bought bnb at 35€. + +At that time I realized I invested too much money in something I didn't know enough, so I joined this Reddit and started to study and learn. + +The first thing I "learned" was that: +- doge is a meme made to make rich the billionaires and steal money from noobs like me who will invest and lose money +- xrp is a scam made to make rich it's inventors and soon it will be illegal +- bnb is a Chinese ripoff of ethereum with an artificial pump of the price that soon will collapse. + +I immediately sold my coins because everyone was saying I was going to lose everything. If I didn't sell them, in just 2 months now I would have so much money that I don't even want to check exactly how much because I would die of anger. + +I decided by myself, it's not anybody else fault, but please stop with these posts where you advice people to sell shitcoins because their price will collapse, because you can't predict the market. + +Honesty I don't like these coins, I learned a lot in these months and now I focused my money in different coins with better projects, I believe I'll get a revenue in the long run. + +But never forget that nobody can predict the market. And most important, the market is not related to the project, it's related to the hype. If everyone is talking about doge, everyone wants doge, so the price will spike. You can have the best project ever but if nobody knows about it, nobody is interested, so the price won't grow. + +Right now the most recent post got 7,5k upvotes and it's another post saying that doge is a scam and nobody should buy or they'll lose their money. +Why? If you don't like it, don't buy it, you can also say that you don't like it, but please stop pretending that you can predict the market because you can't. + +Maybe doge will collapse in few days. Maybe it will reach 1$. You just can't know it. Personally I won't invest now in doge because I think it's already too high, but I won't call it a shitcoin and I won't tell anyone to sell. +WSJ Link: [https://www.wsj.com/articles/the-case-against-early-retirement-11555899000?mod=hp\_featst\_pos2](https://www.wsj.com/articles/the-case-against-early-retirement-11555899000?mod=hp_featst_pos2) + +&#x200B; + +Obviously, the thoughtful folks on this sub are building the life they want to live. I consistently see articles like this in the popular media which is frustrating given that the FIRE philosophy is designed to avoid some of the traps detailed below. + +&#x200B; + +\----------------------- + +Most people look forward to retirement, a reward for decades of hard work. But like many other pleasures, it may be bad for your health. It may even kill you. + +How can that be? How can working longer be good for your health? After all, many people dream of—and plan for—retiring early. Strenuous, stressful work can wear people down and damage their health. On the other hand, retirees can relax and reinvigorate themselves. They have time to follow their passions and pursue activities that enrich their lives. + +But in our rush to leave the office, we don’t realize that retirement also has a downside, especially over the long term. Many retirees indulge in unhealthy behaviors. They become sedentary and watch too much television. They eat too much. They drink too much. They smoke too much. Without the purpose of fulfilling work, retirees can feel adrift and become depressed. Without the camaraderie of their co-workers, retirees risk becoming socially isolated. Without the intellectual stimulation that work can provide, retirement can accelerate cognitive decline. + +The problem for researchers is measuring which is the more powerful force—the joys of a more leisurely life or the downsides. An experimental study, in which researchers randomly force some workers to retire and others to remain in the labor force, would provide the best evidence, but that kind of experiment is impossible. + +Instead, researchers have turned to statistical models that rely on factors that affect work but are unrelated to health—like Social Security eligibility ages, tax breaks for older workers or mandatory retirement rules. Researchers then can determine how health changes when these milestones are reached. + +The result: Many of these studies clearly show that health problems intensify after workers qualify for retirement benefits and abate after policies encouraging work are introduced. + +**MORE IN ENCORE** + +## When you’re 62 + +Consider a 2018 [study](https://www.sciencedirect.com/science/article/abs/pii/S0047272717302037?via=ihub&mod=article_inline) by Maria Fitzpatrick at Cornell University and Timothy Moore at the University of Melbourne, which used administrative data covering the entire U.S. adult population to examine how mortality rates change at age 62, when people can first begin collecting Social Security retirement benefits. After all, death is the definitive indicator of poor physical health, which itself is difficult to measure. + +Dr. Fitzpatrick and Dr. Moore found that men are 2% more likely to die in the month they turn 62 than in the previous month. This mortality surge is driven largely by increases in deaths from lung cancer and chronic obstructive pulmonary disease, and risk factors for these conditions include smoking and lack of physical activity—both of which become more common when people retire. Mortality rates at age 62 increase less for women than men, and the relationship is not as clear-cut, perhaps because age-62 mortality is much lower for women. + +## More evidence comes from looking at a Dutch policy change in 2009, which introduced a tax break for older workers. It provided workers a 5% bonus at age 62, a 7% bonus at 63, and a 10% bonus at 64. These incentives, which were eliminated in 2013, spurred work by men ages 62 to 64, and had smaller effects on women. Using this temporary policy innovation as a type of social experiment, Alice Zulkarnain and Matthew Rutledge at the Center for Retirement Research at Boston College [concluded](https://crr.bc.edu/working-papers/how-does-delayed-retirement-affect-mortality-and-health/?mod=article_inline) that delaying retirement reduced the five-year mortality risk for men in their early 60s by 32%. As in the U.S. study, the impact was smaller for women. + +The evidence also suggests that retirement can accelerate cognitive decline. The mental exercise that work provides seems to keep people sharp. Learning new skills seems particularly important. By establishing “cognitive reserves,” such activities may help the brain become more adaptable and better compensate for age-related erosion in cognitive ability. + +Economists Susann Rohwedder and Robert Willis used data spanning the U.S., England and 11 European countries to [show](https://www.aeaweb.org/articles?id=10.1257/jep.24.1.119&mod=article_inline) that retirement significantly reduces cognitive function. When people retire, they typically get less mental exercise, because work activities are generally more cognitively stimulating than home activities. Retirees may routinely play bridge or do crossword puzzles, but that isn’t as intellectually challenging as many jobs. A 2014 [study](https://www.ncbi.nlm.nih.gov/pubmed/24791704?mod=article_inline) of half a million retired self-employed workers in France found that dementia was significantly less common among those who retired later than those who retired earlier. + +## The social network + +Another risk for retirees is that leaving the workforce can cause them to be socially isolated. Most workers interact extensively with their colleagues, providing camaraderie and often social support. Although you would think that retirement provides people with additional time to nurture social ties, Eleonora Patacchini at Cornell University and Gary Engelhardt at Syracuse University [found](https://crr.bc.edu/working-papers/work-retirement-and-social-networks-at-older-ages/?mod=article_inline) that retirement *shrinks* social networks and the frequency of social interactions. The impact is especially large for women and college graduates. Smaller social networks and social isolation tend to reduce life satisfaction and impair physical and mental health. + +It’s important to point out that a paying job isn’t always necessary to reap the health benefits of work. About one-third of Americans age 55 and older regularly volunteer for community groups and other organizations. Such unpaid activities can involve levels of physical, cognitive and social engagement similar to those in paid employment. Many studies, including a 2019 [evaluation](https://www.nationalservice.gov/newsroom/press-releases/2019/volunteering-helps-keep-seniors-healthy-new-study-suggests?mod=article_inline) of the Foster Grandparent and Senior Companion programs, find that unpaid work, like paid work, reduces depression and loneliness and improves life satisfaction for older adults. + +## These studies aren’t definitive. More research is needed to establish the pathways through which retirement affects health, and to identify which types of workers are most affected. For example, the health benefits of work aren’t generally shared by people with especially stressful, boring or physically demanding jobs. Workers in blue-collar jobs, for instance, accumulate health problems more rapidly as they age than workers in less physical jobs and usually experience health gains when they retire. + +## Financial fitness + +Retirement, meanwhile, doesn’t just threaten the physical and emotional well-being of people. In fact, perhaps the biggest downside of retirement is financial. Social Security replaces only about 40% of a typical paycheck. Employer pensions are much less common today than in the past, and relatively few people have saved enough in 401(k)s or elsewhere to guarantee a financially secure old age. + +By staying on the job, workers can redeem their retirement prospects. Workers who extend their careers can save part of their additional earnings for retirement, and they can accumulate more Social Security credits. What’s more, retirement savings don’t have to last as long when workers delay retirement. + +My Urban Institute colleagues Barbara Butrica, Karen Smith and Eugene Steuerle have [estimated](https://www.urban.org/research/publication/working-good-retirement-0?mod=article_inline) that an additional year of work raises future annual retirement income by 9%, on average. The financial benefits from continued work are even greater for low-income workers because Social Security’s progressive benefit formula replaces a higher share of earnings for low-wage workers than high-wage workers. The bottom fifth of earners gain, on average, 16% by working an additional year. + +The good news is that many older Americans are working longer. For much of the second half of the 20th century, the average retirement age for men declined steadily, as expanded employer pensions and the introduction of Medicare and early Social Security benefits made early retirement increasingly affordable. Between 1950 and 1993, the share of 65-year-old men participating in the labor force plunged from 69% to 28%. But the trend then reversed, in response to declines in employer pensions and employer-provided retiree health insurance, increases in older adults’ educational attainment and changes in Social Security rules. By last year, the participation rate for 65-year-old men had rebounded to 46%. + +The trends differ somewhat for women, reflecting changing norms about women’s work. Between 1950 and 1993, the participation rate for 65-year-old women edged up 5 percentage points, to 21%, as women of all ages moved into the labor force. The participation rate then surged to 35% in 2018. + +Despite these gains, obstacles to work at older ages remain. One is psychological: Many people feel they *should* retire by a certain age (or earlier), because that is the way it has always been. We should be encouraging older workers to stay on the job for their own health. + +What’s more, for many older workers the decision to leave a job is not their own. Instead, too many are [pushed out of their jobs](https://www.urban.org/research/publication/how-secure-employment-older-ages?mod=article_inline) before they are ready to retire, and end up struggling to find new work with comparable pay. Employers often seem reluctant to hire older workers, because of fears that they are too expensive, lack up-to-date skills, or will retire before employers can recoup the cost of hiring and training them. + +Various policy changes could increase older workers’ employment. Federal law prohibiting age discrimination in the workplace could be strengthened after a 2009 Supreme Court decision made discrimination more difficult to prove. We could revamp our approach to education and training to prioritize lifelong learning so older workers can keep their skills up to date. And we could invest more in programs and benefits for older unemployed workers, who generally have trouble finding jobs and often stop looking. + +By enabling more older workers to stay on the job, these reforms could benefit companies facing shortages of skilled workers. But it could do more than that. It could also save lives. +____________ +____________ + +UPDATE!! + +New post in comments. Did so because new posts are erased. +____________ +____________ + + +Hello!! + +Try to understand! I am trying to find help of community to recover my funds! Now it is me, tomorrow it is YOU! + +My account +Dim.push38@gmail.com + +My drama in two words +- Were 300+ btc on my two accounts +- Became 1,2 btc (ZERO) on 16th of May +- I am victim of 7k+ btc hack. +- 1 unauthorised login into each account on 15th of May +- No adequate response from support has followed HOWEVER similar happened last year and Binance reacted fast and clean (link below) +- Binance has not cover my loss. u/cpzhao words worth..? + +News +https://www.google.com/amp/s/www.newsbtc.com/2018/06/11/binance-user-loses-2-btc-hacker-steals-password-prevent-theft/amp/ +Reddit +https://www.reddit.com/r/CryptoCurrency/comments/8pyha5/my_binance_account_with_50k_has_been_hacked/?utm_source=share&amp;utm_medium=ios_app + + +___________________ +——————————- +Full text for who does care. + +I have made my first post about it +https://www.reddit.com/r/CryptoCurrency/comments/buid2i/over_300_btc_binance_user_lost_after_hackers/?utm_source=share&amp;utm_medium=ios_app + +Then posted screen there. Silence. + +Facts: +- 300+ btc became 0 btc and 1.2 btc on two my accounts on 16th of May just after opening withdrawal on Binance. +- 1 unauthorised login into each account on 15th of May. No confirmations of entrance by email or mobile were received. Binance tells my to ask Gmail and Protonmail whether I have received such emails or not (look screens). Crazy. +- Last year Binance did well with supporting one user’s 50k hack. Now almost 3m of my loss and whole ignorance. +- History of deposit and withdrawals is empty in April and May (screens are in first post). +- Have contacted support. Answers are ridiculous. Check in screens below. + +Outcomes: +- This time period makes me a victim of May hack of Binance. +- Binance is not secure? 2PA..? +- My loss has not been covered as CZ told (are going to be covered all losses from their fond) and I am ignored by support. +- Binance does not know situation with my account?? It is insane. + +Links of screens of emails with support: +https://ibb.co/BPtBhS1 +https://ibb.co/XbKY2g9 +https://ibb.co/qdf1TBK +https://ibb.co/Kj5j5KB +https://ibb.co/Q9Zd1Pd +https://ibb.co/BGqYgRB +https://ibb.co/gR8xX9P +https://ibb.co/SNtmcns +https://ibb.co/6tQ5T4c +https://ibb.co/hD0xWNs +https://ibb.co/HBqFBdf +https://ibb.co/KLrVD6Z +https://ibb.co/r48CjD7 +https://ibb.co/qB7r3wF +https://ibb.co/Xx2mrFP + + +Try to understand! I am trying to find help to recover my funds since Binance accidentally (or not) wasting time. + + +My account +Dim.push38@gmail.com +$123 + +5/14/21 + +$0.83 premium + +_________ + + +I believe the antitrust court case is overblown and illogical cause to drop the price 3%. + +Just dont think it can hit break-even by next week and I expect my option to expire worthless + +IF IT DOES drop below breakeven, I dont mind owning AAPL at $123 AT ALL + +$83 means I can eat chick-fila all week for free. + +Yes, taxes. +I own stock in a number of companies but also mostly do theta gang strategies, and I was thinking this morning, why shouldn't I close out all of my stock positions and then sell puts for the same amount I'm currently invested? I think it's a little safer. + +For example, on PLTR, I have about $17,500 in stock, if I sold all of that, then sold 4/30 $24 puts for $2.49, that gives me $1800 for 17,500 collateral, that would either guarantee a 10% return over the next 45 days, or I get to lower my total cost basis. The only issue is if PLTR goes to $40 by then I obviously miss out on a lot of upside. + +Does anyone only sell puts and sell calls or do most people hold stocks also? +At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, the author Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch 22 over its whole history. Heller responds, “Yes, but I have something he will never have . . . Enough.” + +From John Bogle's speech: https://jamesclear.com/great-speeches/enough-by-john-c-bogle +I currently have a trading strategy implemented using Alpaca api. While Alpaca's ResT API is easy to use, there are a a few limitations and bugs due to which I'm considering switching over to IB. However, I would like to know if there are any material differences in order execution between different brokerages. Is IB order fill superior? How does it differ for limit orders, for low liquidity stocks, market order, etc. Are other brokerages even better? People here with experience, please share your thoughts and observations, but please be objective and factual. + +While this question specifically asks about my current problem of choosing between Alpaca or IB, I encourage responses on this topic for all brokerages. This is so it serves as a reference for everyone in this community. + +If there is an existing post on this topic, please provide a link in the comments and I will delete this post. Thanks. +A few weeks ago a friend of mine introduced me to Forex and I immediately wanted to implement a bot for it. + +I started to write a backtest + real time trading bot in Rust from scratch. + +I went with Oanda because it supports intra day forex data for the last 18 years (Although it is pretty slow). Ducascopy also offers intra day data which I use to initialize my database and Oanda only keeps it up to date. Also Oanda limits history to 5k data points per request. + +We currently concentrate on trading strategies for M30 only. We already have a few winning strategies, but the return is very very small. Manual trading at the moment is much more profitable. + +Running a strategy with a few indicators is relatively fast. M30 for the last 16 years usually only takes a few ms (single threaded). + +The API currently looks like this: + + fn run(&self, order: &mut impl Order) { + crosses(&self.fast_ema, &self.slow_ema).map(|cross| match cross { + Cross::Up => { + order.exit_all(Direction::Short); + order.enter( + Direction::Long, + Profit::Stop(self.take_profit), + Loss::Stop(self.stop_loss), + ); + } + Cross::Down => { + order.exit_all(Direction::Long); + order.enter( + Direction::Short, + Profit::Stop(self.take_profit), + Loss::Stop(self.stop_loss), + ); + } + }); + } + + +The TP and SL only use the close data for the M30 candle. I am still thinking about a good way to get 'real time' data into back testing. I don't think it will impact the performance at all because I only do a few thousand trades in the 16 years, which is nothing. + +I have looked into a few databases but I just sort of rolled my own for now. Because I currently focus on M30, I just serialize everything into a single binary file. This will get a bit trickier once I start to work with S1. Either I store the data in chunks, or I'll switch to a real database. I still need to do a few benchmarks to see how much performance I will lose (if any). Iteration speed is the only stat I care about. Also fast indexing for dates would be useful. Which database do you use? + +Almost everything is currently single threaded, besides a few threads that collect real time data. I don't think inner parallelism for strategies will be a net benefit and I will only run strategies in parallel in the future. + +Indicators with history all use a ring buffer under the hood, which is important if I want to run multiple strategies at the same time, otherwise I would run out of memory very quickly. + +I am absolutely not happy with my current plotting implementation. I am just using highstock(a javascript library) but it is not very performant. It works okay for <1KK datapoints. I think in the future I need to split the data into several chunks, and render them separately. I probably will use Qt with its plotting APIs. + +Looking back, I really should have done more research, I just found out about r/algotrading today and I discovered a few good looking libraries like backtrader. + +Any feedback is appreciated + + + + + + + +Most factor-based trading algorithms use some factor, like say momentum, to select a basket of stocks to hold for a period of time (e.g. see the MTUM ETF), and then they swap out different stocks as their values for that factor changes over time. Does anyone know of any machine learning approaches for building this sort of stock selection algorithm? Everything I've come across is based on manual tuning of someone's ideas. e.g. you could build a model that just iterated over a lot of stock selection methods and switch between them based on it's view of the current market regime. Ideas, feedback and papers appreciated. +I understand RSI, MACD etc on technical trading. I want to learn some various concepts & logic for algotrading? Is there a site or book that provides more information? Thanks +Hi, First time buyers in South West UK, + +This might look like a stupid question, and it probably is but I've been offered a mortgage, it's 30 years but they have also offered 35 years at the same rate. We can afford the 30 years monthly repayment with a little spare after other costs however with the prices going up and everything we'd feel more comfortable with the extra £100 a month spare which the 35 year would offer. We'd like to overpay and pay the same amount as if we were on the 30 year term, but it will allow us to choose to not overpay and have that extra bit of money spare should we need it. + +Are there any downsides I should be aware of when doing this? + +Thanks + + + Total presale accounts: + = 8,890 + = never accessed + accessed + = 5,698 (64.1%) + 3,192 (35.9%) + Total presale ether: + = 60,108,506.26 ether + = never accessed + accessed + = 30,792,269.227 (51.2%) + 29,316,237.033 (48.8%) + + +static charts and stats: https://medium.com/@slacknation/64-1-of-presale-ether-accounts-never-accessed-before-280d381056ca + + +interactive charts and raw data: http://slacknation.github.io/medium/2/2.html +Eth looks like to slowly recover a bit, when do you think Eth realistically is going to reach ath again? +Last time we were at 500 usd levels it just took about 1 month to go to 1400 usd. +https://www.wired.com/2016/12/overstock-com-issues-stock-via-bitcoin-blockchain/?mbid=social_fb + +So since no one will by their shares on the NYSE I guess there giving this a shot? Will be interesting to see if any other companies follow suit. +This will be a quick fluff / hype post. I’ve been diving deep into NFTs recently because I learn best by doing, and what I’ve learned is SO many people in the NFT space are WISHING for a decentralized NFT marketplace with no gas fees, and none of them know about GameStop’s NFT marketplace, which I believe will be decentralized because if Loopring is their partner, Loopring helps companies build decentralized exchanges / marketplaces. + +I made a new friend today who is into NFTs and crypto for awhile and never heard about GME’s marketplace till I told him about it today, which really just hit home for me how MOST people, even NFT enthusiasts, are not expecting this at all. Of course we’ve been making a lot of noise about this marketplace and some smart whale investors are keeping their eyes open to invest in companies that launch NFT marketplaces, so GME may be on those people’s radars, but for so many others who we don’t reach, they will be completely unaware until it launches, which I believe will lead to early investors like us getting rewarded. I’ve been here since Jan but GME still a fresh AF play with huge company growth coming and MOASS potential. Merry Christmas apes, it’s gonna be a great time, so grateful to be holding GME. Honestly, all it takes to make it is patience and DRS. I’m 100% DRS since Nov. +so i know a lot of people have been hard hit due to corona and economy and everything hitting at one time + +just a reminder to everyone, PLEASE call the bank about loans you may have trouble paying or accounts your behind on or if you need some sort of help + +due to corona, where i work is offering different kinds of help financially, be it defering loans for a couple months, special loans, whatever. if you dont call, you risk losing out on help that the bank (or CU) may offer. not every option is available to everyone and not every option will be a fairy tale land of wonder, but any option that avoids getting you late fees or you taking a ding to your credit is better than just ignoring the problem + +be honest about your situation. we get it. lots of places are shutting down and people need help. the bank wants its money more than it wants to ding your credit + +even if you dont take the options the bank offers, it at least is an option to consider. your bank may also not offer anything now but is working on solutions to offer. you can call back in a couple of weeks if they dont help now + +DISCLAIMERS + +not all offers are valid to everyone. see what your bank offers you specifically in terms of help + +not everyone gets hand outs + +i do not mean to promise anyone anything. + +i do not speak for all banks or financial institutions + +i do not promise everyone has something special to help at this time or that they ever will. its worth a shot still + +edit: grammar/spelling and clarification + +also i saw some great advice and comments below, take some time to read through those cause there are smarter/better informed people than me on this sub + +edit 2: just thought i would add on, use this as a time to adapt to your banks resources. if you always go in person to make a payment, look at an option to do it online if possible or over the phone. if you want a balance, ask the automated voice system or grab it online or on the app. grab your account numbers online. do anything you can yourself. it will make things easier for yourself in the future and it will free up the phones/reps/branches for people who have other issues that can not be handled over the phone or online for example +Great thread about a dude in his 30s with modest 75k salary whose portfolio grew by 550 percent to around 1 million dollars (with some good luck and risk taking ) by investing in s and p 500 stocks over the past decade bull run. Picked some winners and losers but overall portfolio grew nicely . The margin leverage used initially was a little risky but it paid off . Gives me inspiration to stick to my growth investing plan to achieve my long term goals . Have a read and contribute if you wish . + +https://www.reddit.com/r/PersonalFinanceCanada/comments/hlbxai/my_story_75k_salary_age_33_900000/ +What stocks or funds are you loading up on going into 2022? I’m still heavy in tech, but I’m wondering how inflation will impact that sector. We also have supply chain issues, looming crypto regulation, and an increasingly aggressive China. I’ve had some interesting winners so far in 2021, like GNRC, ODFL, and good old VOO. Like many of you, I was clobbered by my early 2021 losses in green energy and have finally clawed my way back into the green. I made some changes around July to load up on AAPL, MSFT, and GOOG. And TSLA is finally making me some money again. Just curious to hear what you all are doing. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I just don't feel very confident with this run. Bitcoin goes from 4k to 8k with anticipation of a hard fork and free coins. Fork doesn't happen. Still goes up to 11k. Retraces to 9.6k but within a day up to 10k trying to break the previous level. + +Here is what it looks like on charts (I posted earlier in DD). + +https://imgur.com/gallery/2dtGP + +Tell me what other possibilities are there? Please, don't say lambo or tech is behind us. We all know eth has the tech buy yet btc is stealing our way. + +I am not trying to spread FUD. I've been here for a long time with you guys but this moment feels like a deja vu. Give me the red pill if there is one, because I need it. + + + +I’m not a native English speaker so it’s hard and time demanding to write my story about Lykke, but I think it’s important that everybody knows so no one else will make the same mistake ever. + +I used Lykke one year ago to exchange 2000$ in ETH and then moved it to Binance. Everything was good back then, paid with my Mastercard, fast transfers, fast support, and in 2 days I had money in Crypto. + +Obviously, I managed to buy very very high, and last month I realized that I was down more than 80%. I thought: “No Panic, blockchain is the future, let’s buy some more!” and my problems with Lykke began… + +First, I tried to pay with my Mastercard and everything got stuck in a very weird way. I didn’t know what was going on. Lykke’s customer support Vera Romanova explained: + +*“We regret to inform you about recent changes applied by MasterCard regarding card processing. Starting October, 12th we will no longer be able to offer you deposits via Mastercard…. As a workaround, I will suggest you to perform a deposit with a Visa credit card or a SWIFT transfer.”* + +Probably MasterCard decided to stop working with a company that makes money disappear! + +This was happening December 7, ETH was at 86USD and I really wanted to buy some more. I decided to bank transfer 600$. (I attach here the bank transfer confirmation to prove what I’m saying) + +https://i.redd.it/4z0ff1xmxz821.jpg + +Days passed by, Lykke didn’t add my money in my account, ETH began to rise, and I started freaking out. + +Read yourself some of the messages between Lykke and me: + +Lykke Dec 11 – *“Our Finance team informed that your payment has not been received yet.”* + +Lykke Dec 17 *– “I have asked our Finance team to check twice and no transaction has arrived from your bank to our bank. I strongly advise you to request your bank the proof of the transaction. Banks have a way to perform a SWIFT investigation to find out where the funds are.”* + +Adrin Dec 19 *– “I’ve spoken with my bank and they say the transaction as arrived. For you to verify the transaction, they gave me the TRN number 100012636.… With this number your financial team should be able to quickly find my money!”* + +Lykke Dec 19 – *“After confirming with our Finance team, no transaction has arrived and the TRN number does not reveal any information as they cannot perform searches on the SWIFT system based on the TRN number.”* + +Adrin Dec 25 – *“Here is a copy of the original payment SWIFT message (MT 103) of my 600USD payment. No more excuses, as you can see in line 32A, you had my money since the 18th December and I would like to have it added to my account ASAP.”* + +Lykke Dec 27 – “*This case is truly beyond our comprehension, as there has been no transaction on December 18th or after matching your SWIFT confirmation details. I highly recommend you to ask your bank to claim the funds back. Swift transactions have a way to claim the funds back…”* + +&#x200B; + +At this point, I called my bank and claimed my 600$ back, unfortunately Lykke Corp must accept my request in order to have it added again to my account. + +10 more days are gone, today it’s January 7th and I wanted to exchange 600$ in ETH one month ago at 85$, not tomorrow at 160$. I’m not wealthy and I don’t have 600$ more, I can’t buy Crypto if I don’t get my money back from Lykke. + +This community is my last hope, please up-vote this post so everybody can be aware of the risks of Lykke and decide if it’s really the best choice to send them money…. + +Thank you! + +**IMPORTANT EDIT!** + +Only 6 hrs after posting this thread **my situation has been solved, 600$ were added back to my account.** Thanks for all the up-votes that really brought attention to this unpleasant situation and made the Lykke team do their best to solve my issue. + +I feel that **I have to apologies with Lykke** community. My money arrived 10 min ago, this means they were already bank transferred 6 hrs ago when I first decided to write on Reddit. I’m sorry that I’m not able to use your exchange and I hope in the future you will find a way to receive money from my Italian bank. In one month, Lykke support wrote me 15 times and done nothing wrong. + +**I transferred 600$ on their account but the money never arrived, they were lost in some bank or server for one month and today added back to my account. I didn’t have it, Lykke neither. I have enough of this shit, it’s really time for blockchains to go mainstream!** +Scottish Widows held on to matured endowment (in relation to their mortgage) for 5 years without telling my parents. + +My parents are going to complain. + +By SW not telling them their endowment had matured they have had to pay 5ish years of extra interest on the mortgage. Also that time SW had basically a free loan and I assume have collected interest on the amount in question. + +Would they be within their rights to seek compensation for the interest accrued on their money and the extra years of interest paid on their mortgage? + +My mum has contacted the Financial ombudsman, but they obviously won't do anything until SW give a final reason for their holding onto the cheque for the period they did. + +TIA. +The people you’re communicating with when your chat starts: they’re low paid, cubicle monkeys who work off of a literal click-for-next-screen type of system to answer your questions. They’re call center employees, not some suit-and-tie with years of schooling and experience. The person who starts the chat with you probably knows less about the market and brokerage structure than apes do at this point. They aren’t subject matter experts + + +I’ve gotta get this off my chest — 999 out of 1000 times, any incorrect info you get from a chat is not nefarious. There isn’t some deep-seated puppet master doling out misinformation daily to apes. There’s just a (likely) marginally interested cubicle worker trying to help you and move on to the next chat window. They have quotas to hit and they don’t want to have to escalate issues because too many escalations and they get a talking to from their boss about not being able to do their job effectively + + +I know we all like them internet points and chat screenshots are fish-in-a-barrel easy, but y’all gotta chill out. These chat reps aren’t out to get ya; they’re just trying to earn a paycheck like most apes. If they were subject matter experts like some of you expect them to be, they wouldn’t be manning phone banks and chat windows — they’d be putting their expertise to use outside of the call center + + +Just loosen your tinfoil when you open the chat window and recognize that on the other side of the conversation is someone doing their best to help you, motivated by not wanting to lose their paycheck or get written up by their boss just like you + + +Sincerely, an ape who has been in call center environments at collections and banking firms and is tired of this “nefarious chat rep” charade +This is our monthly /r/economics Journal Day. Only links to journal articles and working papers are allowed today. Have fun! + +Some places to find articles and current research: + +* NBER Working Papers (http://www.nber.org/new.html#latest) +* Research Papers in Economics (https://ideas.repec.org/) +* Social Science Research Network (https://www.ssrn.com/en/) +Do you think its sustainable? +Do you think housing is extremely over valued? +Is it even worth now buying a house given the prices? + +Do you think there is a housing crisis? Why/why not? +Just wondering if anyone has advice on opening a chicken shop. Worked in hospitality for ten years and looking for a side business to my normal 9-5. Trying to get a rough idea of running costs, overheads etc. any advice would be appreciated +I was looking at a discussion on bigger pockets and the first poster caught my eye (it seems he bought his property at age 22 (estimating his age based on his LinkedIn) or so, and turned that into 100 units by age 29. + +Someone else mentions they started with a 4 unit, and got from that to a 900 unit property in 10 years. + +[https://www.biggerpockets.com/forums/432/topics/154169-100-unit-apartment-owners](https://www.biggerpockets.com/forums/432/topics/154169-100-unit-apartment-owners) + +How difficult is it to go from a 1-4 unit property, to 100+ units in 5 years, or 10 years, or etc? How likely is it? Do folks with those many units typically own them with partners, or are they able to afford it by themselves just by using their rental proceeds? + +What's the strategy to go from 1-4 units to 100+ units? +I'm in the Eurozone and as we know, rates are well below zero. I can get a 10 year fixed mortgage for 0.6%. As a result, house prices are almost prohibitive. + +Is this a good time to get in with a 10 year, or better wait and get cheaper prices with higher rates? +Like, what steps do you go through? I usually find someone I trust and keep them as long as possible. Unfortunately my trusted contractor died of COVID last year so I have to find someone new. +So two years ago I was filing my tax return and was excited to see what my tax refund would be after working at my very first adult job for a whole year. I remember clicking excitedly through TurboTax and then getting to the final page where it said 11,000 OWED. I had never done my own tax return before so I figured I messed something up and had my mom come over and do it by hand. She got the same result and immediately asked to see my paychecks. + +Turns out I was only having about 5% of my paychecks withheld for taxes. I hadn’t noticed how little was being withheld because it was my first adult job and I was blissfully ignorant and enjoying the big paychecks. When I had filled out my W4 I remember being confused and the HR guy saying “Don’t worry you can always change it later jus put whatever”. I can’t even remember what I put down on that form but i really fudged it up. Then I just let it slip out of my mind. Big mistake. + +So I freaked out for a while, posted on this subreddit, took the advice of /u/these-things-happen , made an initial payment of as much money as I had in my bank account and got myself on a payment plan of $350 per month. Whenever I had any extra money from overtime and sidegigs I made online payments to the IRS. My recent tax retund got taken to finally pay off the remaining amount last week so I AM OFFICIALLY OUT OF DEBT TO THE IRS. I’m so happy to be done with it. + +Anyways to help any one from making the same dumb mistakes as me here’s my advice on what I learned. For you advanced PF’ers out there this will seem like common sense but hopefully it helps someone somewhere. + +* The basics: the lower your withholding rate the more taxes are taken from your paycheck. If you overwithhold (put a lower number on your w4 than you need to) you will get a bigger refund but then are giving the IRS an interest free loan all year when you could be using that money to pay stuff off. If you underwithhold (put a higher number on your w4 withholding than you should have) then you may owe up owing the IRS on your tax return and you may not have been prepared to pay it. + +* Always use the [IRS Withholding Calculator](https://www.irs.gov/individuals/irs-withholding-calculator) to determine what to put on your W4). Update it through your HR at any time and especially if anything big happens (get married, get a second job, have a kid). Take your withholding very very seriously. + +* Check your paychecks from time to time to calculate the percentage of how much is being taken out in taxes and know your state/city tax rate to make sure you’re on track + +* If you do owe on your refund don’t be afraid to call the IRS. They are actually ridiculously nice and helpful when you call them for help - set up an installation agreement right away if you can’t afford to pay what you owe. +Am I selling? Nah, never. Am I buying? Yup, every month, what else am I going to do. Am I DRSing? Yes, because I'm tired of being tired. But, honestly dude, it's been a long fucking time and it's just tiring dude. Yeah, I know, blah, blah blah, holding is easy. I'd say it's not that it's "easy", more that there isn't a better opportunity in this corrupt market. Doesn't change the fact that it's been two fucking years. Holy shit, man. +The FI/RE journey tends to me a long one. Unless of course you were lucky enough to inherit a bunch of cash while raking in 6 figures to speed up the process. At one point, we all start thinking about whether we want to have children (or not!). So this is for all the parents out there ... how did having a child (or more) affect your path to FI/RE? Did the costs associated with having a child derail your plans? If so, how? Or was there no impact at all? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Trying to settle my father's estate after almost 4 years (yes, you read that right). I wont go into too many details but it has been a fucking never-ending nightmare. + +I am one of 4 siblings who inherited my father's house. One of my brothers has been living there rent free for 4 years and is prepared to buy out my share (finally). He owes me 22,500 so all together he needs 67,500 to buy the others share also. + +The bank told him he needed a co-signer since he doesn't have enough lines of credit. Hes had a well paying job for many years and no debt. He tried to get our grandmother to co-sign who was prepared to and in good financial standing but the bank turned her down because of her age even though she has the money. + +What are his options now? I want this shit to be over with so badly I could fucking scream. If you have never been involved in a drawn out estate war with backstabbing relatives then thank your lucky stars because it sucks. + +Anyways, any info would be greatly appreciated +I'm an undergrad finance student who is enrolled in an advanced financial modeling class. I have rather decent excel skills, but no prior programming experience. The class is moving along quickly, and am wondering if anyone has any recommendations I could use before i fall behind the class. Thanks! + +Thank you all for the replies! Now it's time to get that fancy Wall Street internship! +[https://www.cnbc.com/2020/01/02/dow-futures-point-to-a-higher-open.html](https://www.cnbc.com/2020/01/02/dow-futures-point-to-a-higher-open.html) + +Stocks rose to all-time highs on Thursday, led by tech shares, as the strong rally in 2019 continued in the first trading day of the new year. + +The [Dow Jones Industrial Average](https://www.cnbc.com/quotes/?symbol=.DJI) advanced 251 points, or 0.9%. The [S&P 500](https://www.cnbc.com/quotes/?symbol=.SPX) traded 0.6% higher while the [Nasdaq Composite](https://www.cnbc.com/quotes/?symbol=.IXIC) gained 1.1%. +Will qualify in 1.5 years for 8 weeks LSL. However, I received an annual raise which I dont feel is commensurate with my performance this year, and am just sick and tired of my employer always falling short of my expectations. + +In light of this employment market and staff shortages everywhere, I think the time is ripe to be looking for a better role and employer. + +However, I also feel a tad silly for leaving quite close to qualifying. Should I wait another 1.5 years to leave or the ‘ripe’ employment market might not last til then? So better to jump now and just build in the 8 weeks LSL forfeited into the pay expectations of my next role. Decisions decisions. + +How do people jump roles every two years?! Im so lazy when it comes to this lol + +Industry = corporate accounting, Sydney. +I've always been told you want to sell options when iv is high, but from time to time I see people selling options on stocks with iv less then 40, aapl is a stock that comes to mind with lower iv that I see people selling options on. If one could explain why they are doing this that would be awesome. +Im confused why Iv only crushes sometimes and not others. Ive seen contracts that are 300+ Iv not crush but contracts with <100 Iv get crushed. Why is this? +This is a random and very specific question, but can someone point me to the secret pillows? The cranial resting place of which only those initiated into its wonders dare speak? +I recently received a loan for $xx,xxx and the loan was routed to my personal checking account but the next day my bank account was restricted. I can’t log in online or do anything for that matter I basically don’t have a bank account and Or money until the situation gets resolved. My paychecks are still being deposited but I can’t even touch the money I don’t know what to do help. + +Edit: I talked to the bank and they said the situation should be resolved as quick as 2 business days and well up to 10 days. It’s been 4 days so far but I can’t wait I got bills to pay! + +Edit2: I just want to thank everyone in this thread all of your advice was taking wholeheartedly. Apparently (without giving up to much information) the deposit was made with the wrong information, really didn’t know that was possible but so be it seems I have to wait the 10 days... +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +🔥 HotCams token + +&#x200B; + +A new and exciting adult webcam platform, launched October 19th. Planning to revolutionise the adult webcam industry. Combining new and existing features such as: + +\- Full camera control (monopod 360 degrees) + +\- Lovense toy control + +\- Crypto transactions, fully anonymous + +\- Exclusive content for holders (and an exclusive whale club) + +&#x200B; + +Platform + +The prototype will be launched next week and we'll have our first live show on the platform, exclusively for holders! We are scheduled to launch on the 16th of November. + +We expect to have a couple of weeks of trial and error, after which the platform will be working 100%. After which we will establish a partnership with Lovense and add features with toys. Audit will follow shortly. + +&#x200B; + +Safety & Anonymity + +HotCams platform aims to provide it's users and creators with the latest safety features. We've developed a special screen-protection technology, to avoid illegal distribution of our content. Full anonymity is ensured for our viewers, no documents are required for registration. Our models will be provided with tutorials to set up wallets to receive payments. + +&#x200B; + +Features + +✅Control the Camera ❤️ + +✅Control the Toys 💦 + +✅Pay Anonymously 😶‍🌫️ + +✅Earn crypto 💎 + +&#x200B; + +Are you ready for next level streaming? + +Join us before the CMC and CG listing explosion + +&#x200B; + +Tokenomics + +Tax (13%) + +\- 4% to marketing + +\- 3% to holders in BNB Starting at 300k market cap + +\- 4% added to Liquidity pool + +\- 2% burn fee on all transactions + +\- Max trade - 0,5% + +\- Max wallet- 3% + +\- Antisniper and Pause function + +\- Liquidity Locked for 1 year + +\- Doxxed Team + +&#x200B; + +Current marketcap 300k, ape in before CG and CMC🚀 + +&#x200B; + +Join our Telegram group to find out what's new 💫 + +&#x200B; + +Telegram channel ► [https://t.me/hotcams\_official](https://t.me/hotcams_official) + +&#x200B; + +Official website ► [https://hotcamstoken.com/](https://hotcamstoken.com/) + +&#x200B; + +Whitepaper ► [https://hotcamstoken.com/wp-content/uploads/2021/10/HotCams-WhitePaper-.pdf](https://hotcamstoken.com/wp-content/uploads/2021/10/HotCams-WhitePaper-.pdf) + +&#x200B; + +BSCscan ► [https://bscscan.com/address/0x6d1b3fdf5096465fb8b81a9b6e734a9641b50c24](https://bscscan.com/address/0x6d1b3fdf5096465fb8b81a9b6e734a9641b50c24) + +&#x200B; + +Contract - 0x6d1b3fdf5096465fb8b81a9b6e734a9641b50c24 +We have 100k for a down payment and she brings home $10k/mo after tax. I am currently switching careers so I am not sure where I will land for salary, but previously I was making $100/hr (20hrs/week). We plan to stay in the house 8-10yrs. Are we crazy with the current market? I've been thinking this market was due for a big pullback but it's been a few years and it's just skyrocketing. We are sick of paying other people's mortgages but don't want to be left with a huge bag if the market crashes. Does anyone else feel the same? +Cheap loans, High Interest Savings + +Hi everyone sorry if this is the wrong place to do this but I was looking on my credit score app and they give me offers from varies companies for loans, credit cards and other forms of credit. + +The one loan that has my interest in particular is a £15,000 @3.5% APR over 7 years. I thought it was extremely inexpensive at 3.5% Interest, so I checked a fixed Interest rate savings account and they're ranging from 4% on a 1 year fixed rate savings account, all the way up to 5.55% on a 5 year fixed rate savings account. + +Effectively meaning every year I'd gain between 0.5% - 2.05% on money that I didn't have in the first place, only having to pay back the principal. + +I understand there would be risk involved, but my career is very secure, so there's no reason why I'd end up unemployed and always be capable of paying the loan back. + +Am I missing something or have I find a way to gain wealth? + +Thank you for all your comments and advice. +You’ve been keeping your GME shares at your broker for as long as you can remember. Despite all the warnings your fellow Apes gave you about how shares aren’t safe at brokers, you didn’t believe anything could happen to you. You read many posts just like this, trying to warn you, but you choose to have wishful thinking and instead believed the anti-DRS comments under this post. + +After several months of countless Apes registering their shares in their own name, an announcement comes from Computershare: “The entire GameStop float has been locked. We can no longer accept any more orders. Thank you.” Many Apes that didn’t DRS in time express their grief that their shares are stuck with their brokers and cannot be registered and protected. You realize that every Ape that registered their shares is safe, and you’re left gambling on the trust you have with your broker… + +The next day you wake up late in the morning after a long sleep and check your phone. You have 34 text messages from friends telling you GME has exploded and the squeeze has started. Excited, you check the price of GME and see it jumped to $82,000 from $400 in just a few hours and is going straight pass $1 million at a fast rate. This is your time now, you’re going to have enough money to provide for your family for the rest of your life and build your own legacy with this newly obtained wealth. + +You won. + +You check the rest of your notifications and see you received an email from your broker. You read it. + +“We’re emailing you to inform you that your 72 shares of GME have been sold at a price of $390.40 at 9:31 EST. If you’d like to learn why, you can message us at […]” + +You realize your broker sold your shares without your permission a few minutes before the short squeeze began. +Panicking, you message your broker multiple times asking why they sold your shares without your permission, demanding an explanation and calling them criminals. + +*No response + +You check r/Superstonk and see all the Apes celebrating their victory as the price of GME is now at $491,000 and climbing. You don’t know what to do anymore. Your heart is racing, your future wealth was stolen from you under your feet and you have no words to describe the pain. + +Days go by and still no respond from your broker. You check the GME price and see it’s at $2.5 million and still shooting up. Instead of joy, you feel agony seeing that price, knowing you won’t get a piece of the unprecedented fortune... + +-Months Later- + +You join a class action lawsuit against your broker to get at least a portion of the money you lost from them, but you agreed to this when you used their platform. You didn’t read their terms of service and by being a beneficiary holder you were taking on their losses. It doesn’t matter anyway because they declare bankruptcy soon later. You know even if you win the suit against them, you’re never going to see that money you lost. + +-20 years later- + +Your children are reading the history books, learning about the economic crash of 2022 that took down several hedge funds and propelled the price of GME up 1,000,000%+. They ask you “weren’t you part of this movement? Why didn’t you become rich like the others?” + +You tell them, “I was supposed to, but I chose not to register my shares. I trusted my broker with my future instead of my own name and they stole it all from me." + + +-The End- + + +Disclaimer: This is not financial advice. We’re all individuals free to make our own financial decisions. Always read the Terms and Services when money is involved. The rules allow broker to take your money and give you nothing. When they lose they simply change the rules. + + +This was originally posted here https://www.reddit.com/r/Superstonk/comments/rcbw7b/wanna_hear_a_scary_story/ +Hey UKPF. So, I'm from a family mostly on benefits, council houses, etc, and have had v little guidance on money related matters. I've always been "OK" for money, and will shortly be starting a job on 85k + ~15% bonus. + +I'm pretty happy with my money management, financial plans etc, but I'm concerned maybe I'm missing out on some kind of perks? + +For example, HSBC Premier current acc gives worldwide free travel insurance for me + family, but I only found out about this by accident. What else am I missing out on!? + +Posting from a throwaway because... It's such a first world problem and I'm somewhat embarrassed. Thank you for reading. + +Further details if they matter: 27, homeowner, work in tech, work in London. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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"After a strong first quarter of 2021, prices are likely to cool in the wake of the Stamp Duty deadline but could then start to increase again towards the end of the year," he said. + +Things are still unclear regarding house prices next year. No one knows but my guess is govt will work hard to keep prices stable. + +[Source](https://www.bbc.co.uk/news/business-55483432) +I'm going to tell you a little bit of a personal story, because it will illustrate the point, and also a little bit to brag because I'm so proud. ;) + +\- To start, about 1 1/2 years ago I told my husband we had to save up an emergency fund. He didn't see the point. "We have plenty of credit, why do we need an emergency fund?" I insisted, and went full dictator over our finances until we had a full 6 months worth of living expenses saved up. He was not enthused. Until... + +\- Almost a year ago, hubby had an acute infection in a tooth, face blew up in 24 hours. Over the next 48 hours, we went through 2 dentists, 1 root canal, 1 stand-alone emergency room, 1 ambulance ride, 1 hospital admission, and 1 tooth extraction and sinus cavity scraping. Total bills without insurance would have been $20k+. We spent the next 9 months going back and forth with insurance until finally they got it right, and we were responsible for a total of around $5500, which we negotiated down to $3500. Paid in full last month. + +\- 2 months ago I walked away from my job due to severe anxiety attacks and started therapy. So $30k/yr gone, and $500/mo added to our expenses. I'm now about a week away from hunting for a job in my new chosen profession (MUCH less stressful than the previous one). I should be back at around $30k/yr. + +\- 1 month ago hubby's job started a promotion that has cost him about half his typical commission. So, for the past month, we've been bringing in 1/3 of what we were used to. And this promotion is set to last 2 more months. + +\- About a month before I quit, our fully paid-off car broke down, and fixing it would have cost more than it was worth. We decided for the first time to actually have a car payment, which between the payment and insurance, costs us about $325/mo more than our old car. + +Having dealt with all of this going on the past three months, how are we doing? Just fine. Still no debt other than the car payment. Still have about 4 months worth of living expenses tucked away. And we can pretty reasonably expect that I will be employed again within a month. All of this happening all at once could have destroyed us. But it didn't. Because we had an emergency fund, and we live below our means. I can't imagine what my anxiety would be like if we hadn't been prepared. + +Emergency funds. They're super important, and you'll never regret having set it up. Don't wait. +Idk about you apes.....but these next two weeks just feel special...it feels different... + +I want to address thoughts you probably have had: + +“This is too good to be true” +“Nothing like this happens to me” + +Well I’m here to say....FUCK THOSE THOUGHTS YOU MOTHERFUCKER. You know this feels different! MAN UP AND WAKE UP TOMORROW MORNING WITH A GIANT SMILE ON YOUR FACE BECAUSE YOU HAD THE BALLS TO TRUST YOURSELF AND YOUR FELLOWS APES ON A ONCE IN A LIFETIME OPPORTUNITY THAT FRANKLY MOST OF THE WORLD IS ASLEEP ON. + +YOU DO FUCKING DESERVE IT BECAUSE ITS WHAT IS MEANT TO HAPPEN. FUCK MEDIA PIGS, FUCK THE HEDGIES, FUCK CRAMER, FUCK ALL THE SHILLS. + +YOU BE PROUD OF WHAT YOU HAVE DONE. IM HOLDING BECAUSE I BELIEVE IN GAMESTOP. + +video games have brought me so much joy in my life and allowed to escape a lot of my pain growing up. Well I think this is the universe correcting itself and saying “it’s time for the good guys to take the reigns now” + +LETS. FUCKING. GO. + +APES TO THE MOON 🌙 + +Sincerely, +Ape 🦍 +# The "unpopular opinion" we've all upvoted to the front page is actively spreading popcorn narrative control (intentionally or not!). The 🍿 folks are stuck because of narrative control, merely linking DD can not work until the narrative control is corrected! Narrative control precludes our DD! We need content to directly confront the biggest threat remaining to the GME thesis: splitting our cash across ineffective stocks. + +I can not post this directly on the 🍿 sub, as that would be brigading, and so please do not repost this on the 🍿 either! + +There are two target audiences of this post. The most important audience are the 🍿 🦍 themselves, searching in earnest for someone to convince them of which play to bet on. The second audience is the SuperStonk/GME folks, who can potentially link this letter to their 🍿 friends. GME apes severely underestimate the power of narrative control, and it's happening on our front page RIGHT NOW. + +[Example of clever narrative control -- A half-truth designed to split retail's cash. This kind of narrative control is THE CURRENT BIGGEST THREAT to the GME thesis! Also, don't brigade :\)](https://preview.redd.it/vqetbszd3pu71.png?width=738&format=png&auto=webp&s=e3f98eefb0058b4c19bccefa683eee32c6725e9b) + +Edit: The OP of the "unpopular opinion" post actually contacted me and decided to edit their post. They were using some narrative control slogans without realizing it, and have since edited out all dubious little propaganda pieces. This just goes to show how effective narrative control can be - it's like a virus that spreads itself when done effectively. + +🍿 started as a legitimate way to squeeze shorts, an act of ape-ish defiance. Lots of DD has been posted about swap theories, feel free to research this on your own. However, a lot can happen in 8 months and things have changed. As so, 🍿 hodlers \*need to adapt\*. Below is an explanation of why. + +Here are the major points for us to focus on. + +* 🍿 started out as a reaction to the GME thesis. The same goes for other stocks with high reported short interest. +* Over time 🍿 became a tool for narrative control. +* Many blue-collar type apes, the ones who work hard and honest all day, often without enough time or energy to read pages and pages of DD, have been duped post-January by narrative control techniques. The narrative control *precludes* DD. +* Youtube, other Reddit subs, twitter, mainstream media, and more are all used for 🍿 narrative control. +* There are \*many\* hard-working blue collar types out there in the real world, painting 🍿 on their cars and spray-painting slogans about. 🍿 folks are not "all shills". +* The strongest form of narrative control manifests as slogans and phrases. Below we list the popular slogans and respond to them. When this post first went up it was actually quite scary how fast \*all\* of the slogans popped up as one-liner responses. Right down here in topic! Scroll to the bottom if you want to see them for yourself... +* Narrative control can only thrive when competition of discussion is actively suppressed. + +What exactly is narrative control? It's a means to provide the building-blocks necessary for someone to chain together a coherent story. Most of us don't have time to research full-length DD. Most of us don't have the capacity to verify info ourselves first-hand, so we rely on indicators to seek truth. Unfortunately, highly intelligent short predators take advantage of this pattern. By providing independent building-blocks to form a story, as opposed to a full-thesis, it can feel like we come to "our own" conclusions. When in reality our conclusion is merely the path of least resistance given a curated set of story-parts. + +The shorts have adapted since January, and have propped up 🍿 through narrative control as a way to siphon cash out of the GME play. How did they achieve this, specifically? Let us see an example. Here is the number one way to detect narrative control: no competition for info, or active suppression of certain groups/ideas. The 🍿 sub routinely bans anyone from SuperStonk who goes against the 🍿 play. This is suppression of competition, the key prerequisite for narrative control. + +A few slogans circulate the 🍿 sub commonly. These slogans are curated building blocks designed to lead to the 🍿 play narrative. + +1. Ape no fight ape! 🍿 ape, GME ape are on the same team! +2. Anyone that calls 🍿, "popcorn", is a shill! +3. The stock price is correlated, so each stock is an equivalent play. +4. 🍿 is cheaper than GME. +5. I hold both, everything else is nonsense. +6. Karen stock, or GME are supremacists. + +Given these building blocks and no competition to challenge them, the natural conclusion is to split money across GME and 🍿. + +However, we must attack these slogans with competing information, to see which idea is the strongest. That is how we find truth. Here are some additional points in direct response. + +1. (Ape no fight ape) - 100% false. Apes fight apes \*all the time\*. We constantly compete in the SuperStonk sub, though we compete with ideas, not personally fight. Many threads become marked as debunked, many of our most popular DD writers frequently admit their faults, pivot, adjust their strategies when challenged. This is the most effective way to find truth. The 'ape no fight ape' mantra is **extremely harmful**. This mantra is used to silence discussion, and suppresses info. This slogan is currently the most dangerous threat to the GME play. +2. (Anyone that calls 🍿, "popcorn", is a shill) - 100% false, we merely say popcorn or 🍿 because the automod of the SuperStonk sub filters our the 🍿 ticker. This filter is in place to prevent sub brigading and shill narrative control. This is not information suppression, because actual humans can simply say 🍿 and we know what it means, but for shills and paid-actors it's actually a difficult hurdle to overcome. Imagine you're a hired writer, just a random person with no prior GME or stock knowledge and given a Reddit/Twitter account to shill on. It would be confusing why you can't type 🍿 ticker. +3. (The stock price is correlated) - While a true statement, it's only a tiny slice of the full story. Without the full story narrative control can manipulate us. A more full version would be something like: 🍿 and GME stocks are correlated, but the companies are different, they have different fundamentals, different business plans, different amounts of debt, different reported short interest values, and most importantly different attention from mainstream media, the SEC, youtube, twitter, etc. There are many differences! Treating them the same is naive, and will lose us all a lot of money. +4. (🍿 is cheaper than GME) - Another version is "🍿 is the poor-mans GME", or a "more affordable GME". These are all partial-stories, and lead to narrative manipulation. The full story is more like this: "🍿 stock price is lower than GME, but that's it. Stocks operate on percent changes and intrinsic value. If we calculate the intrinsic value, based on a fundamental analysis of each company, we will find 🍿 to be extremely expensive compared to GME. Stocks operate on percent changes and ratios, so the dollar amount of any stock, if viewed in isolation, means nothing." Please, do not be duped by thinking 🍿 is more affordable. If you think this you seriously need more information, as this is a dead-obvious sign you lack some basic knowledge about how stocks work -- this a common noob mistake with stocks, and that's ok! Smooth brains are welcome here. +5. (I hold both, everything else is nonsense) - Very dangerous. The stocks are completely different. It's tempting to think we can hold both, because it sounds like the old mantra "diversify your stocks to lower risk". However, the purpose of this slogan is to preclude reading real DD and doing real research. It prevents active discussion which opens us up to narrative control. By conflating the two stocks a sense of comfort is given by feigning lowered risk. The reality is that GME (as proven by the SEC) is the only play. As apes we want all our cash in GME to boost the play. Splitting money onto another stock means less returns and more risk, as shown by the SEC themselves. +6. (Karen stock, or GME are supremacists) - I actually really like this one, it's quite clever. But extremely dubious. It's making the case for splitting the group in half. The purpose is to preclude reading GME DD by appealing to the defiant nature of blue-collar types. Some GME types are definitely classist, it's true. I've seen some of them as responses to this post, saying that "blue-collar" is some kind of insult. What a load of classist bullshit. But have faith they are a minority. We need apes of all flavors to make the GME as strong as possible. Splitting money across any two stocks will 100% weaken the play! As shown by the SEC themselves, GME is the only risk. And when these guys say risk, they fucking mean it, like blowing down the entire financial pillar of the world kind of risk. We're all retards here, and all treated as equals. + +Before we end this post let us make a few compelling notes to sell all 🍿 and DRS with GME instead. + +* The mainstream media likes 🍿. This is an obvious sign the shorts want apes to buy 🍿. It's a trap! +* The SEC stated quite clearly in their report that GME was the only "idiosyncratic risk". That means none of the other stocks were shorted enough to cause a chain-bankruptcy all way up to the FED. We don't know exact numbers, but when they say "idiosyncratic risk", it means the short interest was so high the squeeze would demolish the entire system. 🍿 short interest may have been high at one point, but not even close to GME, as proven by the SEC in their report. +* Discussion in the 🍿 is actively and heavily suppressed. This leaves us open to narrative manipulation. Avoid at narrative control at all costs! SuperStonk has a very open policy on dialogue, and the information competition to narrative control is like penicillin to bacteria! + +I know there are many 🍿 apes out there, hard working blue-collar types who have been duped by the 🍿 narrative control. Honest people who simply don't have the time or confidence to fully vet everything they read and hear. The GME play can be taken up by any ape, and the more money we will from 🍿 the more money the squeeze will deliver. You deserve better than to be manipulated by the shorts into missing out on a once-in-ever-time opportunity. + +Here is all the information needed to DRS with GME and join the rest of us retards: [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +If anyone has any questions, this is a pretty good place to ask them. +Help me understand something. I know what leveraged etfs are, basically, and why they are riskier than non leveraged etfs, and that many people use them to speculate. But long term on the S&P500, where a 6-7% annual return is average, wouldn't you want that leverage? UPRO, a 3x version of SPY, has returned 390% over the last 5 years while SPY has returned 92%. What am I missing? + +Also, I know we've been in a bull market and that past returns don't guarantee future returns, but are there other reasons to not use leveraged etf of the S&P long term? 30 years for example. +Basically title. Out of everything in the Gamestop sphere right now, what is the thing that comes to mind that makes you certain of your investment? What keeps you hyped, gets you jazzed, makes your tits jacked? If you were speaking to somebody on the fence right now, what is the topic on the tip of your tongue to get them psyched? +Me (27f) and my fiancé (29m) have been together for 10 years, and we finally got engaged this summer. As a couple who is already living pay check to pay check, I know that a wedding is a going to be difficult to save for. +Here are some of my ideas: +-I’m making my own wedding cake and cupcakes. My mom is going to help with this. +-I am making handmade invitations to everyone +-We are hoping for a “potluck” kind of thing where everyone brings some sort of food or side or beverage, however I want to be able to supply food in case no one brings anything. (That would be a nightmare...) I am having trouble coming up with ideas for 45+ guests that I can make in bulk and do not need to be microwaved. This is probably my biggest issue. +-my dad is going to be “the photographer” +-I’ve saved $200.00 for my dress and plan to thrift it. A lot of people are picky about not wanting a dress that someone else has worn, but at this point, I just want to look good and feel good, while also not killing myself over the price. +-we are having a wedding in my fiancé’s parents backyard #free but might need to rent tents and porta potties. +-Hair and makeup will be done by me or my sister. + +I’m not concerned with keeping up some fancy wedding scheme or something over the top. I love my fiancé and want to make the day special and beautiful for us without destroying us financially. Do you have any suggestions or experience? +As title says, how many times did you “wipe out” your account before you became consistently profitable? I put wipe out in quotes because I don’t mean like you went bankrupt and lost your family as collateral or something lol, I mean just how many times you lost your trading capital. + +I ask this because I took a fat L yesterday so I wanna hear some of your stories to cheer me up while I work on not being a dumbass + +Edit: Some missed a key point in my post, so I want to clarify, I did not blow up my full account, I blew up 0.05% (not even a full 1%) of my account, this is what I consider my “trading capital” as I use this for practice till I get enough experience to size up, rest is locked away. I am full aware that you shouldn’t go all in or that you should set stop-losses, I just happen to make a really dumb FOMO decision after a day of overtrading and sleep depravation so I wanted to hear some of your dumb mistakes in the past + +anyway conclusion: fomo while sleep deprived after 10 straight hrs of trading nonstop is BAD lol +[YouTube Link](https://www.youtube.com/watch?v=s6MwGeOm8iI) + +This is one of the biggest scams that your friends may be falling for. Be careful and avoid their pitfalls!!! + + +[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!* +Good Morning ! + +Well yesterday was a bit interesting. I can't be sure what exactly is promoting the SHFs to dump so much capital into shorting the current bullish trend. With $780m in puts this week it appears they are trying even harder to suppress the price action than they were last week, except the effect seems to be more limited. We are still well within our expected trend for the week. This could be another case of letting GME run last as they profit from or cover other short positions on the market to inflate margin requirements. I'm still expecting a breakout to the upside as bulls continue to maneuver into a strong gamma ramp for Friday. If the price crosses 200 solidly, we should just rocket up. Right now we are sitting right on max pain. + +*(A side note as I do have options positions, I may have to step away from reddit updates during high volatility. I will remain on stream and Discord live audio feed, I apologize for any inconvenience)* + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/on0b81/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)* + +(*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, 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... + +# After-Market + +Although I can't think of a valid reason to be excited 1.39M volume is our YTD record !!! Thank you all for tuning in I'll se you bright and early tomorrow for another edition of the GME saga. + +\- Gherkinit + +https://preview.redd.it/t5pggg3lltc71.png?width=708&format=png&auto=webp&s=29b7aee02c3ac1d50d4819fc04998e5ca63d72d6 + +Edit 7 3:18 + +This volume is atrocious but at least we are near 180 . 1.24M Volume on the day. + +https://preview.redd.it/i0fb0ldzdtc71.png?width=1616&format=png&auto=webp&s=7d1b0629bb953d7b67f43b608d84884682e90e3c + +Edit 6 1:51 + +Double bottom bounce then- test VWAP -fail- more chop. Gamma ramp all set up, all we need now is shorts to buy in. + +https://preview.redd.it/uva49q98ysc71.png?width=1589&format=png&auto=webp&s=c2782537cebf01e64209f88da6f27f22256f626b + +Edit 5 12:38 + +Head and shoulders back down to bounce at 175 again + +https://preview.redd.it/8ukoobfijsc71.png?width=1613&format=png&auto=webp&s=6f8a479bee60307152a9331f8b69cc8deafa0f84 + +Edit 4 11:46 + +All bunch of brokerages appear to be down currently + +Edit 3 11:42 + +Nice bounce and volume uptick at 175, hopefully this continues + +https://preview.redd.it/lwghq0mdbsc71.png?width=1598&format=png&auto=webp&s=caac0507d1681d63f99e8dba5af6d686820be7b2 + +Edit 2 11:06 + +More chop on 180 volume is non-existent 100k shares sold for the dip down to 180. + +https://preview.redd.it/ugljwe0w4sc71.png?width=1591&format=png&auto=webp&s=2685690f734d57c03785c135c9593ddad14cf49f + +Edit 1 9:50 + +Volume super low price action sideways we had a small gap-up at up but not enough volume to sustain a push at 190 + +https://preview.redd.it/uxja5emfrrc71.png?width=1607&format=png&auto=webp&s=839db132a8a9efd088f615018c1da91453b586b1 + +# Pre-Market Analysis + +8:40am + +Volume pretty low right now at 10K with 35k shares available to borrow. I expect we could gap up again this morning testing 190-195 again similar to yesterday. + +https://preview.redd.it/l96reyrderc71.png?width=1610&format=png&auto=webp&s=480eeb4fff5fb09c71584e6b66395f7de4f4b362 + +MACD and Stochastic RSI still looking bullish on the 1D timescale. MACD itching to crossover and Stoch RSI trending to the upside after it crossed over last week. + +[Stoch RSI and MACD on the 1D](https://preview.redd.it/vj21p854drc71.png?width=1607&format=png&auto=webp&s=825c2135cefbcc4c20208cea631c09957482aa5d) + +Here is a snapshot of the expected long term trend for the week. + +[GME ascending triangle 1D timescale](https://preview.redd.it/pfnw2wxydrc71.png?width=2450&format=png&auto=webp&s=fbf54a151c817b263d7594c0b0e4c2b887ebcd04) + +**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/) +Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation. + +All of the best mines for silver have already been depleted in recent years. There is a severe supply shortage developing. At the same time, demand is skyrocketing. Solar panels, electric cars, electronics and many other products need more silver than ever. + +Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver. + +Inflation adjusted Silver should be at $1,000 instead of 25$. + +Why not squeeze $SLV to real physical price. + +Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way. + +Tldr- Corner the market. Gold Ventures thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS. + +If the brokerages close trading on $SLV or various silver miners, we can continue to squeeze the market by purchasing physical silver at online or local silver/gold dealers. It all trickles into COMEX to squeeze supply. + +Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person. + +Follow On Twitter at Galactic\_Trader + + Tweet this post to your followers on Twitter or other social media. Ask them to Retweet. + +https://preview.redd.it/udnojohal3e61.jpg?width=1049&format=pjpg&auto=webp&s=c5be503e801daf878567cf4a520e9e2beea241ed +I've never written one of these status posts but given it's the new year and some life changes are about to happen, I reckon this is as good of a time as ever to start anew. + +&#x200B; + +# Background about me + +Bit about me, I am 32, living in an Ultra HCOL (NYC) and have been actively saving for FIRE for the last 4 years (no kids, probably no plans to). Previous to that, I had a few years where I succumbed to the standard life inflation lifestyle that befalls everyone but I was young and down to party. I always managed to save my bonuses and made some decent investments that had good returns. It wasn't really until 2015 when I read a few articles and blogs that it all clicked. + +I work in Finance so my salary and bonus is probably higher than most, but not out of the realm of other FIRE peeps here. I was making $200k+ in salary and bonus before I was 30. However, NYC is expensive and a one bedroom apartment in Manhattan is $3.5 to $4k/mo so it all works out. Plus we have the highest taxes in the country. + +&#x200B; + +# Why FIRE? + +Everyone has their own reasons for FIREing and mine is perhaps no different to most others. It's not that I absolutely hate what I do in Finance. I mean I studied, went to colelge, and prepared my whole life for it in one way or another. I thought I was all about it when I first started because as a 22 year old, you think this is what I am supposed to be doing in life and the path to full on adulting. But as time goes on, as I traveled more, I realized that there is just more to life, and I am supposed to be doing something else that is no looking at multiple monitors for the entire day and making powerpoint presentations. + +So my plan is to continue traveling around the world full time and eventually work as a dive instructor somewhere and maybe even transition to some sort of marine research that involves lots of diving. + +&#x200B; + +# Account Values + +I started working weeks before the Lehman collapse. Didn't really know what was happening at the time. My NW before 2014 are all estimates as I was not tracking anything during that time period. + +&#x200B; + +**2008: -$20,000.** + +Student loans, irresponsible credit card debt accrued in college killed me the first few months of adult life. $65k entry salary. + +**2009: $25,000** + +A sign on bonus, year end bonus, and tax return wiped out most of my credit card debt + +**2010: $60,000** + +Was making about $100,000 at this point. Didn't save anything as I was partying but decent investments propelled my net worth up + +**2011: $100,000** + +More of the same + +**2012: $170,000** + +Started some side hustles that took off but really didn't save much still. + +**2013: $220,000** + +Continued side hustles and started saving some more money. + +**2014: $280,000** + +Combination of market returns, decent savings, and continued side hustles propelled me further up + +**2015: $350,000** + +Bought an apartment, discovered FI/RE. Race was on. Started maxing out 401k. + +**2016: $475,000** + +70% savings rate and market returns really helped, also real estate appreciation + +**2017: $650,000** + +More of the same, making over $200k by this point, and market returns helped, real estate appreciation + +**2018: $760,000** + +More of the same, market drop in equities and real estate + +&#x200B; + +&#x200B; + +As of the beginning of 2019, my networth is split as such: + +**Pretax Accounts:** $150k + +**Post tax accounts:** $300k + +**Cash:** $50k + +**Real Estate:** Estimated value about $850k, with a $500k mortgage left. After broker fees and such, I reckon I have about **$300k** of real estate equity + +**Total Net Worth in 2019: $800k** + +Expected cash flows in Q1 2019: **$35k (bonus after tax), $25k (relocation sum post tax), $10k (tax refund) = $65k cash** + +&#x200B; + +Was hoping I would have a higher Net worth but the markets shitting into the end of the year did me no favors but it's since come back some. Currently, I am saving about $100k in pre and post tax accounts per year. + +I think the lesson to be gathered here is had I started FI/RE back when I first started working, I'd probably already be FI/RE'd by now as I started my career during the great recession. But like picking stocks, hindsight is 20/20 and it's all about moving forward! + +&#x200B; + +# Life Change in the works + +Now for the big life change. I am moving to Europe for my work! I've lived abroad before and have wanted to do it again. Plus I've always found that living abroad is a great way to get away from all the political nonsense I read on a daily basis. But that is just personal preferences. + +I am taking a job in Germany that will pay roughly **160k** euros on a salary+base level. Converted to dollars, this is actually a slight pay cut but the $ is strong so it's a moot comparison. The cost of living is so much lower there, that I will be living like the king I never could be in NYC. Taxes there are high but comparable to NYC. One of the main reasons for the move is so I can travel Europe and the surrounding areas on the regular with my 7 weeks of vacation a year. + +ALso, my GF has a remote working job making $130k or so she will join me in Germany and will claim the FEIE which shoudl boost her salary greatly. + +&#x200B; + +# FIRE Goal + +My FIRE goal is **$1m** or thereabouts. With $40k a year, I will have more than enough money to do the things I want to do, which is mainly travel the world full time and work as a dive instructor in the places I want to be in (this will pay roughly $1,000 - $2,500/mo and many jobs offer free room and board). Also, my blog generates about $500 a month at the moment, and hoping to get this to $1,000/mo by the time I FIRE. + +Plan is to rent my apartment in NYC for a 3-4 years and sell it before FIRE'ing and cashing out. I am hoping to reach $1m in the next 2-3 years which is about how long I will want to work in Europe anyway. Assuming the markets don't meaningfully decline, I think it should be doable. + +Anyway, it feels a bit surreal that FIRE is almost within grasp especially with all these changes happening. Thank you to everyone on this reddit that's been fighting the good fight and here's to a good 2019! + +&#x200B; + + +I had a great sales year and will get a bonus Gross of $800- $1M payout. +My goal is to have the option to FIRE at 55, a fat fire is necessary as I’d like to have homes on at least three different continents. + +Currently 36. FIRE $2.5M, 4%, $100k a year. + +- No debt, 264k retirement, 96k IRA, 70k 401k, 33k in managed investments, $66k RSUs, +- Own one primary with a $550k mortgage +- 2 investment properties worth $200k, outstanding mortgage $150k. +- Cash $183k + +Goals / where I’d like feedback on what to do with a potential big bonus payout? +Assume I’m maxing out all HSA, retirement pre and post-tax. Supplemental tax withholding of 22%. + +Please consider No kids yet but Family planning for a child in 2021—3 kids by 2024. Thinking of putting $50k away for childcare for year 1? Please advise. + +Here is what I’d like feedback and advice on +- Purchasing an overseas property $180k budget ( retirement/ vacation house.) +- Add $50k to managed investments +- Recast/refinance the primary mortgage and pay down $100k to get a mortgage to $2500 or less a month. (Eventually will rent the house out.) +- $50k index funds +- $50k in ETFs +- Begin a custom home will get construction to perm loan, but budgeting $100k-$200k for a down payment? And moving from vhcol to lcol. + +What else am I missing to set myself up with this big bonus? + +My annual total comp( base, bonus, stock) $400k. +Hi there, + +I read that VWRL is distributing, and VWCE is accumulating, hence reinvesting the dividends into the shares. I also read that shares that distribute dividends "lose" the dividend fraction, which in turn should diminish the shares' price. If that's the case, shouldn't VWRL's price be lower than VWCE? In reality, the opposite is true. VWRL's share prices are above VWCE's. + +It's probably a trivial question, but I just can't get my head around it. Can you help me understand it? + +Thanks a lot, + +Martin +I am thinking about investing in real estate in cluj napoca Romania. + +Cluj is the second largest city in the country. Bucharest is the capital and largest city. + +Real estate prices in Cluj reached 2008 highs. +In bucharest it is still 50% below all time highs. + +Real estate in cluj is more expensive than in the capital. + +Cluj has seen massive growth recently. + +How do I know if Real estate is in a bubble in cluj or if the prices just grew because the city is growing? +There is good explanation of this on justetf website, which basicly means that you pay same amount of taxes on both types of fund. + +Here are examples... + +Tax on distributing etf : [http://prntscr.com/rxrbvw](http://prntscr.com/rxrbvw) + +Tax on accumulating etf: [http://prntscr.com/rxrc8i](http://prntscr.com/rxrc8i) + +But here is example for one year only. + +My question is if you invest in acc etf 10 000 eur in 2020 and if this fond rises like this: + +2021 - > 11 000 eur + +2022 - 12 000 eur + +2023 -13 000 eur + +2024 -14 000 eur + +2025 - 15 000 eur + +and in 2025 you want to sell it, do you pay taxes on gains bettwen 2024 and 2025 which is 1000 eur or you pay taxes on gains between 2020 - 2025 which is 5000 eur ? +Recently I decided to buy a car but it seems so overwhelming with the amount of choice we have. I want to buy a car for approx 12.000 EUR, used, 3-5 years old, without any special preferences besides the fact that I don't want to spend much money on maintenance. I was thinking something about Ford Focus, VW Golf, Renault Megan. I mainly drive my car for commuting, a couple of times a year for a longer distance(vacations). I would sell it after 3-5 years and maybe buy an electric car which seems too expensive at the moment. + +What are your suggestions? +Hi all, +I’ve been using Wise for the better part of the last 5 years and it’s worked flawlessly until recent. My last transaction took 6 business days to clear & I was advised ‘we are performing checks on the transfer’. +I’ve worked in banking so I understand laws around anti-money laundering & so forth. The staff member advised it’s a once off check and if my next transfer is from the same account, to the same account then there’s a ‘very low chance we’ll review the payment’. + +Well it’s been 4 business days since the transfer and I’ve been advised that they’re ‘performing checks ’ again. + +All my transfers are to and from the same accounts, I’ve transferred much larger sums in the past and never had a problem. + +I’m looking at bringing funds over to a European account from Australia to buy a property but it is taking SO long. + +Are there any other Wise alternatives I should look into that any of you would recommend? + +Thanks! +I am currently in a situation where I might change residency every few years (still within the EU tho) and I was wondering how I can do some long term investments in this situation. + +I am asking because, as far as I can understand, I would have to move my funds \ investments every time I change country since you need to be a resident of that country to have an active bank account or investment account (like Degiro, Moneyfarm or whatever). + +Yeah, I know that nobody really checks if you moved residency as long as you don't tell the bank but that doesn't sound like a good idea.. +I’ve recently linked my existing Interactive Brokers account with Tradestation Global. The process was pretty straightforward and took almost a week (requests are processed on Friday). Tradestation Global offers a step-by-step guide on their website for new and existing IB clients. + +Tradestation Global seems a pretty good solution for index fund investors with portfolios smaller than $100.000 because it doesn’t have inactivity fee and allows you to use all IB features/apps. Transaction fees are slightly higher than with IB (it’s their main source of income probably), but if you don’t make more than 5 transactions per month you end up cheaper (due to no $10 fee/month). + +However, I’m not sure how to reverse the process. Interactive Brokers does not have any option in account settings and Tradestation Global does not offer a web page backend. All account related issues are managed through IB Portal and I didn’t check TS app yet. I suppose I could contact TS customer support, but I wanted to make sure there is no straightfoward semi-automated option that I’m missing. I am satisfied so far, but I intend to delink my account and return to IB once my portfolio grows beyond $100.000. + +Does anyone here use Tradestation Global with a preexisting Interactive Brokers account? Any feedback please? I wasn’t able to find too much info about them although from my point of view they are a really good long term solution based on cost and security. +So I just received an email in my inbox talking about Degiro having a restructure of its fees. It seems that in the next fews week we will have zero commission trading on the US and CAN markets. And maybe only in my case (being Portuguese) also in the Portuguese stock market. + +I can not find the international version of this news but here is the Portuguese one maybe you can put links for you own countries in the comments https://www.degiro.pt/precario/comissoes + +To me this sounds a bit shady right? How will this guys make any money? According to the website they do not do payment for order flow +My child is 1 year old and she gets some money from the government, I add a small amount and she "earns" 100euro every month. How can I invest 100 euro per month for 20 years for my child? I am thinking about ETF but it may be a bit risky. Investing 100 euro may not seem much but I would like her to earn more from compound interest. It would be great after 20 years to be able to make a choice and even continue contributing to the ETF 40 years or more(Can I buy ETFs on behalf of her?).Banks offer some kind of child plans but it seems it does not cover inflation. In my country you can also get some good money from real estate. What are your thoughts? +I've been with IBKR for a while now and for the most part, I'm satisfied with it. I just saw that Saxo bank dropped the min. amount to join in from 10k to 2k USD. I had several people recommending me to Saxo Bank as an investment platform but the 10k minimum buy-in was keeping me away from it. + +Now I'm trying to compare fees from the two platforms and it seems that IBKR is cheaper than Saxo Bank but I'm not sure. The whole fee structure and different models feel quite confusing. + +My question is - what do you guys think about Saxo Bank? Is it better than IBKR and should I transfer? Does it make sense to have both of them? + + +TIA +Hey guys, this is the portfolio I would like to invest in: + +&#x200B; + +**- iShares Core MSCI World UCITS ETF USD** (stake: 35%) + +**- iShares Core S&P 500 UCITS ETF** (stake: 30%) + +**- iShares Core Global Aggregate Bond UCITS ETF EUR** (stake: 20%) + +**- PHAU WisdomTree Physical Gold ETC 5%** (stake: 5%) (Sector: Gold) + +**- iShares Global Clean ENERGY ETF 5%** (stake: 5%) (Sector: Renewables) + +**- L&G Ecommerce Logistics UCITS ETF (EUR) ETF** (stake: 5%) (Sector: eCommerce) + +&#x200B; + +*Horizon: Long-Term* + +*Risk Level: Averse-Neutral* + +&#x200B; + +What do you think? + +Thanks! +Hello everyone, I’m looking for some alternatives to the Roth IRA in Germany. + +A retirement account with a compound interest where I could put n€ every month until I die (or at least close to this state). + +The problem, however, is that I’m not sure if I want to stay in Germany and would like to move to other EU countries or US in like 5-10 years. + +Do you know any good German / international IRAs? Are there any at all for those who don’t settle in one country? + +P.S. I’m a total newbie in the topic, so the ELI5 approach is appreciated. + +Thanks! +Hi guys, + +German tax resident here. + +I am struggling a bit with my broker selection. Currently on Degiro, 2 accounts (wife + me) with about 350k invested. Monthly contributions of 10k. New money is mostly in ETFs. Single stocks account for 10% of portfolio (target is <5). No margin required / planned in the future apart from the occasional 2-3k negative cash balance when executing trades (<1% LTV). + +I am aware that Degiro has a few commonly cited weaknesses +- no tax reporting in Germany: Aware, but my tax duration isn’t simple anyways, so this is relatively limited complexity +- no more custody accounts / securities lending: I don’t care about that after the merger with Flatex +- price hike for margin investors / FX: not trading on margin + no plans to add to my Single stocks portfolio which was a lot un USD +- no „ETF savings plan“: I am ok with doing the math manually + +I am mostly concerned with getting good / best execution, I.e not trading with L&S or some regional exchanges, and appreciate that I get to trade directly on Xetra/Amsterdam. 4/5 ETFs that I am adding continuously are free. No options, FX, crypto or other flunky stuff. ETF + stocks only in my portfolio. + +What broker would you recommend? At what level have I outgrown Degiro? +I have a substantial amount of equity (\~$2million) in one of the unicorns that will IPO in 2019. They are a mixture of NQSO and RSU's. I received the stocks in SF but now live in NYC, which has a very high income tax. I'm excited for this, but also a little overwhelmed by what to do. + +\- What should I do to minimize the taxes? Would moving to a state with no income taxes be better? Especially if I'm hoping to sell the stocks quickly and move the funds to vanguard target date 2055. + +\- What should I expect when selling? My plan is to sell about 1/4 of the stock per month across 4 months from the first date I can (six months after IPO). Is that a good plan? How would you do it? + +\- Is it worth finding an accountant to verify that I'm doing things right, or am I still in do-it-yourself and turbo tax price ranges? + +\- anything else I should know? +A little over a month ago I left for Mexico to get my teeth fixed. 8 days later I flew home with 22 crowns and 6 root canals done. + +As of yesterday seeing my dentist at home, he was extremely impressed with the work and the health of my teeth and gums. + +After 7 years of desperate public health dental visits dealing with falling apart patchwork teeth, I had finally saved up enough money to get my teeth repaired. + +Here's my little guide on how to do this if you need too. + +---- + +Pre-guide advice: Buy a Waterpik/Water flosser off of amazon, or other retailer. There are tons of them. Make sure to get one that has a small brush tip, or has at variable power to it. You will NEED this kind of cleaning tool before and after you get your teeth fixed. The cleaner your gums are the better the result. Initially this thing will make your gums bleed profusely and will probably be rather painful to use. It takes time to get used to it and clean out your gums. Start with the brush tip and learning how to get water spray under your gums. they're around 30~40$ on amazon. It has a dramatically positive effect on your gum health. And grab a bunch of floss as well. + +---- + +**First, Financial prep and awareness.** + +Look up Sani Dental Group Los Algondoles. Los Algondoles is a dental tourism border town just across the US Mexico border, it's situated a few miles drive from Yuma Airport. + +Sani Dental is the best clinic in the town, and they have a 2 location facility they call Platinum and Main Clinic. + +(You do not need to speak Spanish, however it does help. They do have Wifi in their clinics so if you need to translate something, you can access DeepL Translate. It does English to Spanish fairly well.) + +They have a Quote system in which you can check how much each procedure is going to cost. + +If you can find a dentist that will do an exam or X-rays or something of the like for free. Do so. + +Either at a Student facility or something like that. Call around local dentistry and figure something out. For me I have access to a public health clinic dentist that does dental work based on Medicare/ABD/Homeless patients. + +Once you know what the dentist wants to do to restore your teeth, put that into the quote at Sani Dental. This will be the rough estimate of the bare minimum you should bring in the form of a cashiers check. Expect more root canals than predicted. Especially for any tooth that has a huge cavity or has any sensitivity. That Waterpik that I advised you to get, any tooth that you use it on that bleeds excessively more than others or is particularly sensitive more than others, you can almost be assured that you will need a root canal on it. + +For me, my dentist in the USA said I needed 22 Crowns, a very unlikely 1 root Canal, and 1 set of X-Rays. At Sani dental without the Root Canal at the time it was 4450$. + +After they ground down my teeth, and did extra X-Rays at Sani it ended up being a total of 6 root canals ontop of the 22 crowns. + +After a discussion with their finance office they decided to give me discounts where they could, and compromise on a price. I paid 4450$ in a cashiers check and 640$ off of a credit card. Be aware that across US Mexico borders transactions have a 4% charge fee. + +They will work with you, but please don't take advantage of their kindness. Please don't show up with a quoted amount for 4000$ of dental work when you need 7000$+ While they do want your business and want to keep patients in, they aren't afraid to tell you to get lost if you're trying to twist their arm. For me, they asked specifically about what I did for work, and how I could pay for this then they realized I didn't have enough money to pay for everything. + +And I just was honest and told them I was disabled and explained that this money was back pay from disability income in the USA. They were relatively understanding in the fact that I had quoted as best as I could for them, and I didn't have extra money to spend. + +Have at least 2000$ in extra back up funds on a credit/debit card just in case you need a significantly greater amount of work than expected. + +Bring at least 350$ In cash as well. + +**Second. Getting there and Staying in Mexico.** + +Once you've figured out the dental and money situation that you're in, and you've got a quote for Sani Dental's work. Schedule an appointment with them far in advance. Check flight costs between your location and Yuma Arizona. Coordinate something where you can spend at least 7 business days in Mexico(they, Sani Dental, are open Saturday but not Sunday). It can take as little as 4 days, but safety margins due to unpredictable situations I suggest 7 days. I spent 8 nights one in Yuma and then arrived in Mexico the following morning. + +Hotel situation is relatively simple. The Hotel I stayed at is called Hacienda. It is 60$ a night, non smoking. They require a 50$ deposit. + +If you have over 3000$ of dental work being done at Sani Dental, Sani will pay for 3 nights of it, given you aren't compromising on the cost of the dental work being done by Sani. For me this is where they cut the deal. I had to pay for all the nights stays. Which was fine with me to make sure I got such a big break on my dental work cost. + +You can reserve your stay at Hacienda long in advanced just like scheduling your dental work. + +It is very likely that You will receive an email about hotel locations you can stay at while getting dental work done. Sani sent me one automatically. + +Uber/Lyft drivers will take you from your Yuma location all the way to the Mexico border. They cannot park there, it's a 200$ fine so they drop you off as close as they can and then skedaddle. + +When you land in Yuma Airport and go to leave, directly north from the Airport exit doors there is a WalMart up the road. I'm assuming that many low income people will have EBT cards like I do, so if you want to save money on food while in mexico, I suggest stocking up at that walmart with soft and easy to eat non sticky foods. Tuna Packets, Apple Sauce, Ramen, oatmeal, Drinks, ect. Do no try to eat anything super sticky. It will pull the temp crowns off immediately. In-fact once you have your permanent crowns you can't eat sticky foods anymore anyways. No more Star Bursts, Tooties Rolls, Caramels, or anything that grab onto teeth. + +If you want some quick Fast Food, DO NOT go to the McDonalds in the Wal-Mart, instead there is a Hamburger Stand next to the main road in the parking lot of the Yuma Walmart. Their burgers are significantly cheaper. They also have corn dogs, and fries. + +Once you are a confirmed patient for Sani Dental, you can ask the staff for the shuttle to anywhere you need to go between clinics, and the hotels. This is a free service they offer, and if you have no desire to interact with the local population, this service makes that pretty much possible. + +**Third. Crossing the Border** + +This is actually where it was super surprising for me. You can literally just walk into Mexico. There is a pathway across where you can just walk in. As you cross over there's a few public bathrooms at the mexico entry pathway. But that's about it. Right behind all of that is the town of Los Algodones + +Walk over and you're in Mexico. Once you've entered, you can call Sani Dental to have them shuttle you to where you need to be first. + +Getting back over into the USA is a bigger deal. Right now before REALID goes into effect, all you need to get back into to the USA is a Valid state ID, a Valid birth certificate, and a Social security Card. If you have a Passport none of this matters. After REAL ID if you do not have a passport, you will not be able to get back into the USA so if you are reading this post after REALID went into affect, do not attempt to leave the USA without a valid REAL ID. + +You will be screened at the border coming back. Big Warning here: If you have ANY, and I mean ANY Warrants for your arrest in any state, it does not matter how old they are, they are all accessible by border patrol(Andrade Port of Entry), If you have any outstanding warrants YOU WILL BE ARRESTED AT THE BORDER. If you have a warrant, you need to clear it up BEFORE you cross over into Mexico. + +This is not a question of if they know or could possibly know, I asked them directly. If you have any active warrant that has any presence in any state system, they will arrest you when it shows up. What they do with you afterwards is not clear, but they will not hesitate to hold you. + +**Forth. Getting Home** + +The most difficult part was getting from the US border back to Yuma. I would have been stranded if I had not been handed a card by an uber driver that had a number for a Ride service run by people who know this kind of transport is needed. I wont post their phone number here incase of spam but google "Desert Drivers (Lyft/Uber)" they took me from the Los Angadoles border to the Yuma Airport for 25$ flat. + +Make sure you have their contact information and have an charged phone. Otherwise you may be saddled with walking a long ass way back to Yuma. + +YOU CANNOT schedule Lyft/Uber from Los Algondoles. Uber and Lyft do not let you. They will let you get to the border but once you are geographically located in Mexico and attempt to schedule a ride from the border back to Yuma, it will not let you. I tried several times. + +Uber/Lyft refuses to let you. + +So make sure you have the number/contact for Desert Drivers (Lyft/Uber), or you're gonna have a shitty time getting back to the airport. A lot of the drivers there know this is a problem and have setup this system so that people can get rides back to the airport. + +It would have really fuckin sucked had I not gotten an Uber driver who figured out I was headed to the border for dental work. + +**Some Advice, Pre answering some Questions** + +Is this safe to do? Ill be honest, I have no idea. But the frequency of people going there and the lack of negative reviews or warnings or anything like that in my eyes is a pretty good indicator that there is something worth while going on there. + +The town is founded on dentistry, it is all over that town. And I don't see much of a reason to be afraid of getting work done by Sani. They are ADA registered clinic. + +And really at 20% the cost of the USA, including the plane tickets and hotel stay, There's not much to really lose. Better to try to save your teeth than let them rot out with no fix what so ever. + +My USA dentist is impressed with the work and how clean my gums are now compared to before I went. + +The local population and town is pretty safe. You will be bothered left and right to buy things by street sellers, and there are plenty of tourist shops. I visited nothing there, however, because I was there for one thing and one thing only, to save my teeth. I have no idea how the rest of the town, prices, or anything works down there. I came prepared, I spent 90% of the time there in my hotel watching TV shows and browsing reddit on my laptop, and the rest in a dental office getting my teeth fixed. + +Once it was over, I came back. I didn't spend a dime outside of it. + +My biggest advice though, is that if you're going to do this, make sure you have a significantly extra amount of money beyond your total expectations of expenses. You have no idea how bad things are inside your mouth, and the dental clinic is not there to upcharge you on procedures you don't need. They only want to make sure you that you don't have to come back anytime soon. + +They do warranty their work as well, 2 years. So you have at the bare minimum, 2 years of extra life out of your teeth that you can count on. + +If you have questions, feel free to ask. I'll answer as many as I can answer when I wake up or through out the day. + +What about Pictures? I'll take some photos later, perhaps, but I am not particularly enthusiastic about taking photos of myself and posting them online. +Wanted to post this as to give hope to the folks who were not high achievers early on or had a early high paying job or founded a company. This is my story for all the "losers"..... + +I was born into a family that was middle-class. We were comfortable but not rich. I was just plain awful in school with no motivation and more focus on having friend and going out. Ended up not graduating from HS as flunk one class with a GPA of 2.4. I was such a loser that cause my mother to go to garduation cermenony for HS and cried as she watched all the other kids walk for their diploma while I could not. After HS I basically did nothing for two years...working at shitty jobs such as bartending or working at a restaurant. + +Thankfully I met my current wife at 22 and realized that at this current path I will go nowhere and be 40 and a waiter for a career. Got off my ass and applied to community college and the transfered to a state school (not even a good one BTW). Finished it and ended up finding my first job at 24 in advertising with the great salary of $28k. + +So how did I get to early 40s, NW of $4.5 and $0 debt. Came down to scrimping by and luck. My tips: + +1. Find a partner that will struggle with you. This is key as keep expense low. +2. Work in tech. I was lucky and joined a startup and it was bought by a FAANG. This did two things...gave me golden handcuffs and second wiped my resume clean with a good pedigree place. People did not care I went to a shitty college or the other jobs I worked before. Now just mentioned the company and it opens doors. + +My goal now is to hit $10m by 45. All on equity. + +Good luck to everyone and hope my story give some encouragement. + +UPDATE: Fair point from a comment which is the buy-out was pure luck so who cares. So to clarify prior to acquisition I did save about $800K. Granted the capital from the acquisition helped fuel a bunch of the NW gain. + +TLDR; Canadian here, attempted day trading with $25,000 to which I’ve lost over $12,500 in just over a month. Need advice on how to move forward. + +See proof : https://imgur.com/SQU6Vdx. + +(Posted this in r/CanadianInvestor but only received responses from index funders) + +FULL POST : + +WHATS THE TRUTH / FIRSTLY, is day trading even viable? How many TRUE “professional” day traders transact in securities for a living (ie claim consistent profits) with PROOF? + +I feel like I’ve been misguided by all these FAKE stock trader Gurus who actually make money by selling useless courses behind click funnels &amp; paywalls. + +Before I address my situation, is there any trader who can show me proof of their successes before providing advice; establish your credibility please. + +MY SITUATION / I picked up interest in day trading with extra savings I gathered after investing in real estate and safer long term securities / index funds. I’m an IT Professional with affinity for math / numbers and had $25,000 within my means of risk so I decided to give it a go. + +Admittedly, most of my “education” was from my limited study of online stocks trading videos, articles, blogs, etc. I don’t have a formal finance / investment banking education from an accredited institution. + +I did an independent study from July to Aug 2019 and traded with a demo account on a basic app between Aug - Oct 2019. I was able to generate over 60% in profits in 2 months so thought I might give trading with a real account a shot. + +I used $25,000 (all within means of my risk) to day and swing trade as a real world experiment while studying techniques using my limited knowledge. Most of the stocks were energy, oil, & cannabis stocks. I lost over 50% of my portfolio in just over a month. + +To be fair and transparent, I blame losses on my lack of education and experience. I did not know how to incorporate stop losses, triggers with deltas, OCO, OTA etc. I don’t have a day trading platform (like TOS, think or swim) that assists in visualizing candle sticks, MACD, RSI etc. I have the basic TD web broker platform. I take responsibility for the aforementioned. + +QUESTIONS / + +1. IF day trading is actually a plausible means to generate consistent profits, where can I look to gain QUALITY education? I don’t mind taking certifications or even an online diploma / university course. + +2. What techniques and key variables should I be looking for while trading / investing until I get “formally” educated? I need to make a 100% return to offset my loss of $13,000. Are there any stocks that I can look into which have this potential within the next year? + +3. Does anyone have suggestions on how I can build my own SYSTEM to attempt to make consistent profits? + +4. Is swing trading a better approach? In my experience, this seemed a more plausible method of trading. + +** EDIT (12/04/2019) ** +Thank you. I woke up this morning to a handful of support, constructive criticism, and guidance. I want to express my gratitude of thanks to each of you who took their time to provide a positive response. +You $SPY and SPX 0DTE Option Traders are some of the most savage traders on earth and I absolutely adore your courage to trade such a wild instrument and I really really look up to you guys! + +Ever since I started trading options I always loved trading 0DTE but never really had a real strategy. About 3 weeks ago I finally made the decision to specialize in trading 0DTE options on $SPY , $QQQ or even $IWM and am starting to build a strategy using VWAP and the volume profile. + + Anyways the question I had is, What would be your best advice you would give to someone who wants to specialize in trading 0DTE? It’s really hard to find good advice online about this topic and I would very much appreciate it. +Blackberry will be discussing the latest developments in BlackBerry’s technology and strategy, which is something I sure a lot of investors and a lot of us will be interested in listening to. + +Link: [https://www.blackberry.com/us/en/company/newsroom/press-releases/2021/blackberry-to-participate-in-upcoming-baird-investor-conference](https://www.blackberry.com/us/en/company/newsroom/press-releases/2021/blackberry-to-participate-in-upcoming-baird-investor-conference) + +BB holds up on its own. I suspect the volatility we see is from the reasonably cheaper price it commands compared to favorites GME and AMC, where people from all walks of life are trying to sell off at every peak that occurs. Who knows, by Wednesday this shit shoots to $20 or more. + +And now my honest opinion - fuck all the moon shit, because frankly all I see happening is people left at the peaks holding bags. You want to do something with BB, just like GME and AMC? Buy and hold, and let the market catch up to the potential that BB will become. + +I'm sure a lot of you heard that GME and AMC might be added to RUSSELL 1000 based on performance by June 25 - well BB's earning report will be out at around the same time, June 23. So we shall see by then if BB stands strong, and not just because it is a meme. + +This is not financial advice, good luck, and fuck the hedge fund fucks. + + +So today was shit. Cancer is a dick, and so on. I'm trying to make sure I have some of plan on how to handle this going forward. I've already gotten a recommendation for a lawyer from someone I trust, but I was wondering if there is anything else I should be doing right now. We do have some debt, Mortgage, 2 car notes (hers will be paid off in January), a consolidation loan, and a couple credit cards. While this arrangement was fine while my wife is working, she's likely not going to be working anymore. + +Forgive me if i'm not sounding as broken up as I should be, but I just can't deal with that right now. She needs me to keep her positive and focused on the next goal. Thank you for any advice you can give. +It's important to remember Bitcoin's roots, and the amazing effort from brilliant people, like Hal, who contributed to this new technology. If you're feeling down, this is an absolute must read. I have it saved, and read it every once in awhile, enjoy. + +>**"And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go."** +- Hal Finney, March 19, 2013, 08:40:02 PM + + +**Bitcoin and me (Hal Finney)** + +Copied from https://bitcointalk.org/index.php?topic=155054.0 + +I thought I'd write about the last four years, an eventful time for Bitcoin and me. + +For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities. + +Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it. + +When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. + +I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating. + +When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them. + +Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs. + +After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things. + +The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs. + +Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong. + +My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it. + +ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression. + +Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes. + +It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation. + +And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go. + +That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy. +[edited slightly] +- Hal Finney +I ran by a new Asian market in my city, and left with two weeks worth of groceries (including fish, beef, and shrimp) for $85. Some of the highlights was $0.15 for 3 jalapeños, $0.06 for a big chunk of ginger, $0.99 for a giant bag of noodles, and $2.50 for 5 pounds of bok choy. + +I’m not sure if this holds true everywhere, but figured I would put it on everyone’s radar! +Anyone interested in how to create your own fx-robot? + +Being a software-dev for 7 years, and one year in robo-development, I am thinking of giving a workshop for creating your own fx-robot. + +The whole thing will be about python, talib, oanda-api and linux, because you need your own server obviously. + +I am thinking about a title like learning python while making money ;) .