diff --git "a/reddit_finance_43_250k_313.txt" "b/reddit_finance_43_250k_313.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_313.txt" @@ -0,0 +1,10000 @@ + +I currently have 2 consistent streams: salary and dividends, generating me roughly $235k/yr combined but have also made one-off investments in a commercial lease-up deal (2017), an angel investment (2014), and cryptocurrency (2017) that have all played out well. I’m looking to generate other consistent streams, and considering commercial real estate. + +Any creative options out there? +Currently have a smallish position in VZ that's I have a 1% unrealized loss on. I'm thinking about moving the funds from VZ to MMM as I believe consumer goods/durables are pretty beaten down right now. VZ has a 4.74% div yield right now and MMM has a 4.01% yield. So slightly lower but I think there might be better growth in MMM. I would like to hear your thoughts. +I (35M) in the oil field , got about 200k to throw at some stuff . Thinking IEP , JEPI , MO and some at SCHD . But I don’t want to do it soon. Waiting til the market trades sideways for a couple weeks . So 3-6 months . Any other suggestions ? What’s a safe bet in a recession ? I’m also maxing out my 401k and Roth with my company , and my wife is maxing out a SEP ira . Just wanting to maximize a dividend return . What’s everyone’s timeline on bottom ? +I have been a big fan of VZ. It's stability and dividend have caused me to sing it's praises. But, it just keeps slowing falling. This is an example of looking at one's investment and the niche they fulfill. I sold all 50 shares in my daughter's account and another 40 in one of my Roth's. I am a little more aggressive in these accounts. I kept the 300+ in my big IRA. As it does add some protection from volatility. I also sell OTM calls on it to boost income. Just saying, don't jump into it cause you see it here. Make sure you know what you are getting into and how it fits into you goals and plans. CFRA forecasting 0% growth for 2022 was the final straw for me. +Lately, I have been thinking on investing in ETF's and REIT's and Reality Income stood out to me. Is it a good option and is now the time to buy it or should I wait? +https://preview.redd.it/gtxrhb6ndo191.png?width=1900&format=png&auto=webp&s=5823b029dffdff20b8e986399cdc967950dd625e + +While stock-market strategists at Bank of America and Morgan Stanley grow increasingly bearish, JPMorgan’s equity-research department has churned up yet another bullish note for the bank’s clients, advising them about the potential for massive month- and quarter-end rebalancing flows that could trigger a sustained rebound in stocks, putting even more distance between the U.S. benchmarks and the bear-market territory with which the S&P 500 index was flirting late last week. + +The team of JP Morgan equity quants, led by Nikolaos Panigirtzoglou, told the bank's clients that potentially more than $250 billion could flow into stocks by the end of June as American mutual funds and pension funds, along with foreign pensions and sovereign wealth funds, “rebalance” by buying stocks and selling bonds. + +Full article: [https://www.marketwatch.com/story/250-billion-of-rebalancing-inflows-could-rescue-stocks-by-the-end-of-june-jp-morgan-says-11653395405](https://www.marketwatch.com/story/250-billion-of-rebalancing-inflows-could-rescue-stocks-by-the-end-of-june-jp-morgan-says-11653395405) + +**According to JPMorgan $JPM, more than $250 billion could potentially flow into stocks by the end of June. Mutual funds, pension funds & sovereign-wealth funds will likely “rebalance” by buying stocks and selling bonds. Do you think this inflow might cause a rally in stocks?** +Plenty of people recommending unrealistic ways to make money outside of a day job. + +I find this sub a bit more mature and balanced + +Does anyone have a legitimate way to make stable extra income outside of a day job +Unemployment fell 3.7% to 3.5% + +[https://www.usatoday.com/story/money/2022/10/07/september-jobs-report-unemployment-inflation-interest-rates/8195709001/](https://www.usatoday.com/story/money/2022/10/07/september-jobs-report-unemployment-inflation-interest-rates/8195709001/) + +&#x200B; + +Brace yourselves for a red Friday +I like strategies where I have as little input into the interpretation as possible, I can find key S&R for targets and such, but entries, exits and such I like to leave to my strategy. + +Has anyone used Helping Ashi, perhaps with Parabolic SAR or something similar for stops and had success? Thinking of testing it out and seeing what results I get in backtesting. + +Also up for discussing how a strategy like this could be managed. +I thought I’d share some of my stock market knowledge to help my fellow HODLers get a perspective on the CME futures that will be launching soon. + +First let me explain a bit of history: in 1982 CME group launched futures on the S&P500. + +What happened next? The stock market went on a spectacular run for 5 years until it eventually crashed in 1987. + +Why does this matter for Bitcoin? Because I believe a similar story is about to unfold. This story is the fundamental story about adding leverage to a new underlying asset. + +Bitcoin is a relatively “unleveraged” asset as compared to other financial assets. It’s new, it’s untainted. This is significant because of the mechanics of market prices and the future potential of market prices. + +When something enters a levering stage, like Bitcoin is about to, the mechanics of the market are HEAVILY weighted to the buy side and not the sell side. Why? Because to be a seller you MUST be a previous buyer (or if you’re shorting, the supply comes from a previous buyer). This may sound weird, but the potential capacity to sell is a function of those who previously bought. This is why in an early market like Bitcoin it’s very hard for it to consistently fall as there’s not a lot of buyers yet built into the price. It takes years and years of accumulation and volatility to create a normalized market. When it’s new, especially pre leverage, it’s very easy to bid it up. + +When the CME futures are added, it will likely lead to spectacular rallies, but you need to arm yourself with the knowledge that the eventual buying will plant the seeds of the future capacity to panic. + +This is what happened in 1987: The stock market had a 3 day wipeout of over 22%. It took 5 years to develop the buy side enough to create the conditions for panic. This was caused by the CME futures in 1982. + +Even since 1987, there has never been a crash of similar magnitude, because that initial levering stage was eventually normalized and a healthy market now exists on both bid side and ask side (sell side). + +Why do I tell you this? I want to arm you with expectations to keep your wits when it all goes down. The crash on Bitcoin will likely be of many magnitudes deadlier than the stock market. We just had a 29% correction and it was frankly less than the last two. 20-40% corrections are standard in Bitcoin. When we have the futures levered crash, it’ll likely be 50-60%+. This will be hard on your psychological commitment. Prices do funny things to people’s perception, just like how BCH rose and now suddenly everyone thinks it’s a BTC contender. (Nothing’s changed, price was just pumped up and psychology affected.) + +So first thing: prepare for that eventual crash, I suspect it’ll take 1-3 years to create the conditions for an extreme sell side due to leveraging. This sell will start and accelerate, hitting stop losses and margin calls, which is “mechanical selling”. The mechanical selling (forced selling) will cascade and create a feedback loop where more margin calls are hit, more stop losses, etc etc until almost all profits of the last year or 2 are wiped. Combined with the emotional panic caused by extreme falling prices, it will make people think Bitcoin isn’t real and abandon it. + +Next thing: the 1987 crash, while devastating in many ways, was completely recovered by the stock market in 8 months. Seriously! The worst crash ever was repaired in 8 months and the market has been much more healthy since then. It is up dramatically since those days, and that crash was just a blip on the screen. + +The same will happen with Bitcoin, but my fear is that crash will be worse than even wallsteeters can handle, and it may shake you HODLers to the core. + +But if you understand that the powerful selling is just a function of the leveraged previous buying, it’s just fundamentally an opportunity. + +I will ride this hard as we lever up, and after an extreme period of euphoria, when Bitcoin is on every front page, when every HODLer owns a mansion, when your government-loving socialist neighbour is asking for your help converting money to Bitcoin, I’ll be lightening up heavily, waiting for the crash. I will bet everything at the bottom of the crash, and sail off into the sunset a crypto-god. + +Good luck guys. I hope you weather the next 1-3 years with great savvy. + +EDIT: + +A few people are getting a bit confused about the “settling in USD” nature of these contracts, which has nothing to do with what I’m talking about. Less than 10% of these contracts will actually settle and receive the applicable USD. + +What’s important to understand is how futures affect future perception of price. + +Here’s an example: + +Imagine you go to your neighbour who wants BTC. You make a contract that you will deliver him 11,000 USD worth of BTC in 3 months. He gets this contract and pays 100 bucks for this right. You are happy because you planned to sell at 11,000 anyways, and the neighbour is happy because he wants to get exposed to BTC and thinks it’ll go higher. + +So now let’s say your other neighbour approaches the neighbour you just sold to, and says “I’ll pay you 200 for that contract, I think BTC is going to easily be 11200 on delivery. And then another neighbour goes “holy shit I’ll pay 1000 for that contract BTC is easily going to be over 12000 by then!” And before you know it, this contract for future delivery is going to be bid to hell, and the contract is trading around 8500 as most think it’ll be worth over 19,000 by that time. + +Let’s imagine you watched this frenzy. Do you think it’ll have a perception on what you think your current BTC is worth? You’re probably really sad you have to deliver at 11,000, aren’t you? This is how futures contracts drag up spot price. + +That contract I described is a futures forward contract. And since futures have enormous leverage, how much do you think it’ll allow them to bid the future perception of prices of BTC? + +When CME futures launch you’ll be able to go online and see what people expect BTC to be in 6 months. What if it says it’s going to be 25,000? How will you feel? + +In other commodities, this doesn’t get so frenzied. If some guys are bidding up corn, it’ll compel farmers to plant more corn, more supply then comes online in the future, lowering price. + +There is no such mechanism in BTC. I’m personally so cautiously excited to see the frenzy that happens. I really don’t know, this is where my knowledge ends and everyone else I think. Complete uncharted territory. + +EDIT 2: I'm going to add one timing element I think you need to watch for when it comes to this levering/crash scenario that has occurred before. + +The number 1 thing I'll be watching for when I get ready for this is: everyone here will be wealthy. Think about it. You're all first movers, way early in the adoption curve. You may feel behind but you aren't. There's a handful that are wealthy all ready, and they are the true innovators. But it's when the people that are on this subreddit get rich, like actually wealthy, I'll start paying attention for an extreme euphoric move. That extreme move upwards will cause a societal FOMO. You'll feel it, you'll see it around you. I may not sell everything, as its dangerous to ever sell BTC, but I'll lighten. The best example of how a frenzy looks is just what happened to BCH. 590 to 2800 isn a few days. That's like BTC moving to 45,000 by Saturday. That would feel fucking crazy, no? I'm watching for that style of velocity, maybe not as short term, but something that builds over 3-6 months. Then I wait for disaster to strike. +Hi all, + +I want to dissolve my 100% stocks portfolio (VWRL) with bonds to decrease volatility in a 80/20 proportion. I am wondering if its beneficial to have a mix between the corp bonds and govt bonds? What is your opinion? + +For the Govt bonds I am aiming at [VUTY](https://www.justetf.com/en/etf-profile.html?isin=IE00BZ163M45) ETF (where I am distribution of dividends does not harm) since its free in DeGiro ETF list. + +If you have a Corp bond recommendation to play nicely with VUTY I'd appreciate you share your experience. + +a few inputs: EU based, 33 y.o. working, no plans for an early retirement +Hello all, + +Couple 27M 22F, after some simple budgetting and planning our e-fund we've got +20k€ left to invest. + +We live in Barcelona and paying 1.1k€ rent (for a very simple flat, I know, its super expensive...). However, if we want to buy our own property we are asked 20% as mortgage downpayment + all the taxes you really need up to 30% saved up... All in all, we need something like 70k€ for a downpayment on a simple flat. + +After lurking this reddit for some time and reading and getting informed, Index funds sound like the best deal to invest our money. Specifically, roboadvisors are one of the best options in Spain to invest due to tax law (not paying taxes on transactions, e.g. buy/sell), am I right here?? + +I came across Openbank's roboadvisor and felt like the easiest option (as we already had the money there and is partnered with BlackRock), so we invested 5k just to try out investing in a roboadvisor. + +After reading more about the subject I then found out that Openbank's fees (1.03%) were higher than other roboadvisors available (myinvestor or Indexa Capital - 0.62%). + +I plan to invest another 15k€, should I cancel with Openbank and move 20k to Indexa Capital, should I diversify and keep 5k @OB and throw the 15k at Indexa? Also I plan to add 500€/month on top of that, should I split those among both or just add onto the lowest %fee one? + +Are we doing the right thing with this type of investing if our goal is to save up for the downpayment of our home (in 3-5 years) before saving up for retirement? + +Sorry for the long post and thank you all in advance for your help!! +So I got a new job which pays me well and I start saving. I would like to start investing in stocks but I’m an absolute beginner and I would like to start somewhere. +Where can I start studying? Do you have any advice for me? At the moment I’m not swamped and i can spend some time studying and educating myself on the topic. Books, YouTube videos, anything really. + +EDIT: I ended up choosing this book: + +The ETF book: All you need to know about Exchange Trading Funds +Hey, + +I'm not a regular poster here, although I follow the chatter from the sidelines. + +Long story short, I just received an email by Degiro starting that after an internal deliberation, they will be closing my account. Reason started was due to my tax residency. I've had my account for around 5 years. + +I can understand that they can do this, but it seems discriminatory. That said, it is not totally their fault. + +Looking at options, I'd rather move to a separate broker before they close my account. I have a month before that happens, and pretty sure it is a very tight time frame. + +I was wondering whether anyone here had the same experience and what brokers were helpful to switch. + +I am trying to reach IBKR to see if I can move over my positions. That said, I'm open to recommendations. +Hi everyone! + +I am working in Finland after graduating from a University of Applied Sciences there. + +Each month I could save about 1000-1200€. + +I am very new to investing and want to ask you guys about investing opportunities available in Finland. + +Saving interest here in Finland is close to 0% so my money so far just sits in my bank account and slowly devalues there. + +Any advice about where/ how to start? Any resources/ links to learn would be helpful as well! + +Btw which banks would be the best to start my portfolio in Finland? + +Thank you guys in advance :) +Hi there! +I currently live in the UK, but I also have a bank account in Euros at a bank back in my home country which gets a modest sum of euros per month from rent a flat. +I am also planning on going back to my home country (Romania) which uses RON as currency. +My question is, what is the best virtual bank for someone who wants to do the following: +\- pay with the card when travelling throughout europe; + +\- withdrawing money; + +\- transfering money between different currencies (wallets) to lock in good exchange rates before travelling; + +\- Being able to transfer (CHEAPLY) money between UK account to EURO account for example like this: GBP from UK bank to Revolut for example, then transfer the money from Revolut to a Euro Bank Account in another country - this way avoiding hefty fees. + +Thanks in advance guys! +Hi all! + +I know it's a cliche, but I want to thank you all for the amazing things you all do here. I've been reading this sub (and the related ones like /r/personalfinance) weeks now and this somehow woke me up and motivated me to take control and be smarter with my financial life. + +I want to get started on long-term investment. I'm 31 years old, have an emergency fund and some cash left, so I want to learn more and decide what to do with it. I got to the point where I'm freaking out mostly with my retirement. I moved to Europe 2 years ago so.. not sure I'll be even able to retire via the gov system.. so I better have a plan B. + +I've been reading this sub a lot but, I feel that I lack some of the basics and important topics like types of investments (I know about stocks and that's it.) how they work and all that. I read the posts and somehow feel that I only understand 70% of the answers. It's even hard for me to explain what I don't know, well because I don't! + +I like to read, so I decided to invest some time and learn this right. I'm not lazy, so I used the search and also checked the wiki and came up with a list of books on my own. It would be great if you guys could take a quick look at it before I spend time (and money) reading them. I'm a pretty well-controlled person regarding my finances, meaning I spend less than I earn. 0 debts, saving at least 25% of my income every month. Due to that maybe books that start or go into too much detail about these things could be skipped, but of course, if you think they are valid and I still could learn something, I'm all in for it. I want to learn what to do with my money, understand more about ETF's, index funds, long-term investments where and how to buy/keep track of them and all the terms around this world of investments. + +Here's the list (in order of what I think I should read first) + +1. [The Bogleheads' Guide to Investing](https://www.goodreads.com/book/show/381355.The_Bogleheads_Guide_to_Investing) +2. [The Simple Path to Wealth: Your road map to financial independence and a rich, free life](https://www.goodreads.com/book/show/30646587-the-simple-path-to-wealth) +3. [The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns](https://www.goodreads.com/book/show/171127.The_Little_Book_of_Common_Sense_Investing) +4. [All about Asset Allocation](https://www.goodreads.com/book/show/9316522-all-about-asset-allocation) +5. [A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing](https://www.goodreads.com/book/show/40242274-a-random-walk-down-wall-street) +6. [The Bogleheads' Guide to Retirement Planning](https://www.goodreads.com/book/show/6479781-the-bogleheads-guide-to-retirement-planning) +7. [The Intelligent Investor](https://www.goodreads.com/book/show/106835.The_Intelligent_Investor) + +Also, most of the books seem to be targeted to US.. so are those even relevant to us here, living in Europe? Is there any good book that I should be reading that is more relevant to people from the old continent? Or are they generic enough so the knowledge is still valid here. + +Also, please feel free to recommend something else like blogs, videos and so on. + +Thanks a lot! +I am currently thinking about to buy a small apartment in Spain. To live in for a short time ~1 year and then maybe live in a few months in the year in future and rent out for the rest of the year. + +Budget would be about 100k. I am from another EU country with basic Spanish. + +Anything to look out for from a financial perspective about buying a property in Spain? Have others here done this and can recommend or dissuade me? +So having jumped through several hoops in terms of reading, research, getting turned down by banks; I'm finally ready to start investing starting December. Here's my plan: + +|Name|TER|ISIN|Amount|%| +:--|:--|:--|:--|:--| +|Vanguard FTSE All-World UCITS ETF Distributing|0.22%|IE00B3RBWM25|750€|75| +|Savings Account|-|-|250€|25| + +I'm opting for 75% Equity and was gonna go for 25% Bonds (EU based) but came to know that at least for the time being, the returns/safety don't seem to be worth it. + +Also chose the distributing variant in order to leverage the 801€ tax free capital gains clause of Germany. I plan to re-invest the dividends back into the ETF. + +About me: +28 years old, Non-EU national living in Germany, Single, No plan to have kids + +Goal: +FIRE by age 45 or earlier. + +I have an account with Comdirect and they have a steep (1.5%) fees for the monthly investment plan. Which is why I've decided to go for a quarterly investment which would cost me just 16 euros a year. (4 euros per trade) + +Looking forward to any feedback. +Just kidding. My husband and I have been discussing a 529 plan or an IRA for our 4 month old. Can anyone summarize the pros/cons of each, or point me toward a good article? +Can someone with actual experience in investing help me out? + +So I was thinking, if a short squeeze was still to happen, the hedge funds would wait it out (pay interest on the borrowed stock) and buy all the shares they shorted back at the lowest possible price, logic would suggest that they would have not bought the shorted stock at the peak of 500$ but instead would let the waters calm down ( cause some chaos by driving the price down to trigger some sell off ) and then buy back the shares owed close to the price they sold it for to minimize losses ($5/share I believe). + +Now if the shorts are yet to be covered, would the stock sky rocket when the price reaches around the $5 - $6 range and all the shares shorted would all be bought at the same time? Also do we have reliable information of when the short expires? + +Keep the trolling and speculation to a minimum please. I need people who actually know what they are talking about... not speculation of "the squeeze already happened" or the other side of "it's going to the moon" +My wife is currently a student. We were married in August of last year; she moved in with me December of last year. She worked a part-time job, I think to the tune of maybe $5,000 all year. Her W2 was mailed to her mother's house (where she used to live) and now her mother is refusing to give them to her and said she's claiming her as a dependent, which is taking a lot of money out of our pockets during a time where we're struggling because I'm the sole provider. + +Can her mother even legally refuse to give her her W2, and can she claim her if she files a joint return with me, her husband?? + +Edit: You've all been very helpful, and I greatly appreciate it. I work third shift, so I'll have a chat with my wife in the morning and try to give everyone an update on what the "final" decision is. Thanks again. + +Edit: I spoke briefly with my wife. She determined that her mother is being ridiculous and just wants the money. Her mother also told her, as expected, that she wouldn't be giving her the money from her savings account. She's going to tell her she's filing jointly with me, and that if she doesn't cooperate, we'll do what we can all the way up to calling the IRS and explaining. If her mother tries to claim her, she'll be audited, not us. The next step is to try and actually get the W2, so we'll see how that goes. Thanks to everyone who commented. I love Reddit and I love you all. + +Update: My wife is new to reddit, doesn't have an account, but I directed her here. For everyone claiming we have such a horrible marriage, nothing has been edited here and she'll see everything that was said. We have no worries. Also she says kudos for the toilet tips lol. +For me, I bought 20 shares of BABA at $280 and averaged to about 70 shares at $265. Saw it fall to $210 and decided I will sell it when I break even. Sold 50 shares for a $22 loss when it made a comeback and wanted to sell the rest for a $22 profit so that I get away with a perfect break-even because this man right here never sells for a loss...I kept waiting for it to hit my PT for a mere $22 profit and it never happened...it fell so I bought 25 more shares to avg down to $259 with a total of 45 shares so I can sell when it spiked again. It never spiked again and I am now sitting at a $6.2K loss just because of $22. + +So, what's your story? +After trading basic options for over a year, I'm thinking about moving to the next step: spreads. I'm curious what's a realistic goal for monthly income trading spreads with a roughly $20K account. And by monthly income, I mean the average over the course of a year factoring in P/L. +This post is an attempt to compare my pre-FIRE expectations with my post-FIRE reality. + +**Background**: US, male, 50, single, no kids. + +**FIRE path**: 25 years in IT, originally as a developer, eventually as a project manager/architect. Discovered LBYM in my mid-20s. Reached FI in my early 40s, FIRED in my mid-40s. + +1. **Hobbies**. Pre-FIRE I thought that I would be able to spend 40-60+ hours a week working on my main hobby, open source development. After all, that was what I wanted to do with my life and the main reason why I planned to retire early. Post-FIRE, I discovered that a single hobby, no matter how exciting, can become a chore if you work on it non-stop. I ended up adding a couple more hobbies to the mix and taking occasional breaks. + +2. **Finances**. Pre-FIRE I was concerned that I would be constantly worried about running out of money once I was retired. Post-FIRE I find that I rarely think about money. I am more concerned about running out of time before I can do everything that I want to do. (Not having a family and a low SWR help.) + +3. **Stress**. I had a very stressful job at my MegaCorp and expected retirement to be peaceful and relaxing. Post-FIRE I realized that, if anything, I was underestimating just how stressed out I had been working 60-70+ hour weeks and managing projects. It took me a number of months to decompress and then I discovered the flip side of the coin: without the pressure, it was easy to become less productive and even lazy. It has been manageable so far, but it's something that I definitely didn't expect pre-FIRE. + +4. **Health**. Pre-FIRE I suspected that at least some of the health problems that I had developed were stress-related. I hoped that they would go away once I FIREd. It turns out that I was right for once: most of the problems did disappear shortly after I retired. + +5. **Exercise**. Pre-FIRE I hoped that, once I was retired, I would be able to resume the exercise routine which kept me in shape in my youth. Post-FIRE I discovered that it wasn't so simple: walking and hiking are fine, but the kind of moderately strenuous exercise that I did in my 20s is more likely to hurt than to help a 50-year-old body. I am currently looking into more gentle alternatives. + +6. **Spending**. Pre-FIRE I was somewhat concerned that my spending patterns may change in retirement. I didn't think it was likely because I had maintained essentially the same lifestyle that I expected to have in retirement during the pre-retirement phase. However, I was still worried that something major may come up. 3+ years into FIRE everything is going according to the plan. Of course, I have unexpected expenses now and then, but they all fall into well-understood categories. + +7. **Friends**. Pre-FIRE I was aware of the fact that some early retirees lose friends post-retirement, sometimes due to diverging lifestyles and sometimes because of envy. I hoped that it wouldn't happen to me because my friends were not "that kind of people". Luckily, I was right and retirement hasn't affected my relationships with my friends. + +[Edit: Formatting] + +[Edit 2: Thanks to all the well wishers!] + +[Edit 3: Thanks for the gold, kind stranger!] +It is important to have a complete picture of stablecoins and their continued innovation to understand why regulation will have no effect and not change what is inevitably going to happen, a complete replacement of centralized fiat currency. + +We’ll cover the uses of stablecoins, legacy banking (business model and asset erosion), how stablecoins work, the advantages and disadvantages of the different stablecoin solutions, how money is made with stablecoins, why they are the target of regulation and what does an unstoppable, regulation-proof stablecoin look like. + +**How are Stablecoins Used?** + +Cross-border payments occur in smaller, closed financial networks requiring middlemen to facilitate these transactions. These middlemen have made cross-border payments expensive, slow and restrictive. McKinsey & Company estimates that the financial system generates $2T annually from these payments. Ridiculous. + +Cross-border payments are made fast, easy and considerably less expensive than legacy banking systems by using stablecoins. + +With stablecoins, you can “stay in crypto” without having to go into a fiat currency to store value. This saves time, cost and keeps you in full control of your money because you are no longer in the banking system, while maintaining price stability. + +Leverage: Crypto-collateralized stablecoins can be used to increase your position in a particular cryptocurrency. If you own ETH, you can “mint” a stablecoin by pledging ETH as collateral to mint a stablecoin. With that stablecoin, you can now buy more ETH to mint more stablecoin and so on. This is a technique to leverage your crypto position. + +This yield farming concept became popular in the summer of 2020 when crypto traders and stakers were accelerating their returns in staking pools by leveraging up their position (to then stake in proof of stake and liquidity pools). + +**Legacy Banking:** **Middlemen And The Money Printer** + +The entire legacy banking system is built on fees and interest on money they don’t own. Many think that banks accept deposits to lend it back to you at a higher rate. There is more going on here. Banks take your deposits and use that as their reserve requirement so that they can borrow many times that amount from the federal reserve bank. Then, that capital is used for lending to yield much higher returns (because they leveraged up their lending capacity). It is ALL inflation. Meanwhile, you get sub 1% on your deposits. + +30-40% of all the U.S. dollars in existence today were printed out of thin air in a 12-month period. If the USD was a cryptocurrency, it might be one of the worse ones. With this and the talk of stablecoin regulation, stablecoins backed by the USD may not be so “stable” in the future. + +With the “bail in” laws passed by the Obama administration, depositors can have their capital seized if their bank fails. This law puts depositors first in line to cover any insolvencies a failed bank will have. + +It is unfair and dishonest that you may have to pay for a banker’s risk taking and not get the benefit from the endless inflation of fiat currency that is printed out of thin air. + +Yields in cryptocurrency are quickly eroding at the asset base (reserves they can use to borrow from the fed) of traditional banks. Consumers are moving to much higher yielding cryptocurrency staking to earn transaction fees in liquidity pools and rewards/interest for staking to validate blockchain transactions (Ex. Proof Of Stake Blockchain Consensus). + +**Types Of Stablecoins And How They Work** + +Understanding stablecoin innovation as the race to decentralization continues: + +**1. Centralized and Physically Asset-Backed.** + +Stablecoins like Tether and Paxos Gold physically back their cryptocurrency with USD and physical gold, respectively. You buy these on the open market or supply the physical collateral/USD for these protocols to “mint” new stablecoin. This is a great way to store value. However, centralized systems require faith that 1 Tether actually returns 1 USD when you redeem. Tether has come under scrutiny with claims that there is not actually a 1:1 Tether/USD ratio. Furthermore, systems like this are easily shut down by banks or regulators. Physical asset-backed stablecoins provide an attractive alternative to invest in the cryptocurrency market, while giving you exposure to another asset like gold. + +**2. Crypto-Collateralized.** + +The stablecoin market, then, evolved to take a step to further decentralization. Stablecoins like MakeDAO use ETH-based cryptocurrencies as collateral to mint their stablecoin. With systems like this, you are not relying on a centralized authority or entity to “back” the stablecoin. It is only you pledging collateral to a smart contract which is public proof that it exists as collateral on the blockchain. This gives you certainty that the system truly has underlying value that can’t be taken away or falsified (like the Tether accusations). However, in times of market volatility, your collateral can be liquidated if the “loan to value” ratio breaks a threshold. + +**3. Algorithmic** + +Purely algorithmic stablecoins rely on market forces and smart contract software rules to maintain the price of the dollar or whatever asset they are tracking. Terra Luna is a 2-token system (utility token and stablecoin) that allows you to burn one of the tokens to mint the other in times of stablecoin price instability. For example, if the price of TerraUSD is above the dollar, you can burn the utility token for TerraUSD at the exchange rate at the price it should be. Then, you can sell for a profit helping to bring the price back down of 1 TerraUSD equal to 1 USD. Incentivizing the market keeps the stablecoin at the price it should be. Purely algorithmic stablecoins have no underlying collateral. If market forces fail or there are issues with the software code, there is no recourse to get your money back. + +**How do you make money with stablecoins?** + +There are two ways: + +**Leverage and Trading. Staking.** + +**1. Leverage and Trading** + +Cryptocurrency traders use crypto-backed stablecoins to leverage up their position in a particular crypto as described in the MakeDAO example. This accelerates returns if the price goes their way. If not, liquidation and loss can happen quickly during market downturns. + +Stablecoins provide a “neutral” position for crypto traders so they can capture profits and be ready for the next trade. + +**2. Staking** + +Staking involves locking up your fiat-backed stablecoins where you will earn interest or rewards. The most well-known staking is in proof of stake blockchain protocols where you earn part of the transaction fees of the network. You could also stake in a decentralized lending platform like AAVE to earn interest or stake in a liquidity pool in a decentralized exchange like UniSwap. In UniSwap, you earn transaction fees for providing liquidity to traders of that decentralized exchange. + +**A Regulation Target** + +Let’s face it. Regulation of crypto is all about trying to maintain control and the threat to the US Dollar World Reserve Currency status. The US government would lose the ability to print money out of thin air for political control and to loan/donate to countries for “favors” and decisions that could potentially benefit the US. + +Crypto makes it more difficult to track transactions and people. This is not acceptable to the US government. Biden recently began tracking all USD bank accounts with more than $600, a complete violation of the 4th amendment and many other things. + +The “infrastructure bill” has provisions where everyone in crypto is a broker and subject to KYC compliance. How can a blockchain developer track who is using software that has been released to the world and has a life of its own (the nature of decentralization)? + +Stablecoins are the target because they remove the need to go back into fiat, where KYC and tracking can occur. Stablecoins are also widely used. SEC Chairman Gensler said **“that roughly 75% of all crypto trades involve some kind of stablecoin”**. + +For the first time in history, we have a technology that has the potential to change the relationship between man and government. This change is in favor of the individual so governments are fighting it. + +**Effects of Regulation Overreach** + +1. Innovation moves to countries that embrace the change. If the USA regulations go too far, it will cripple the chances of continued financial dominance and move it to other countries. The economic impact of the convergence of a multitude of technological platforms is going to have a 20X+ the impact of the Internet. (Blockchain, Artificial Intelligence, Robotics, Energy Storage and Genome Sequencing) No country can afford to push innovation in this areas to other countries. +2. Blockchain protocol creators go dark and release anonymous projects. +3. Blockchain systems will move further to decentralization and be impossible to be captured. + +**What does decentralized finance mean in this context?** + +Since a stablecoin is a cryptocurrency in the government’s crosshairs, decentralization is crucial. It means that every aspect of the protocol cannot be influenced, seized or shut down by any government, bank or organization. Every part of a defi protocol needs to be capture proof. This makes it a safer choice for many people who want to keep their money safe from governmental interference and manipulation. + +**The process of decentralization** + +This is not easy, but it can be achieved by using distributed ledger technology. This is the technology that is used to record transaction history and information on many computers or “nodes” at once. When all nodes are updated with the same information, this data cannot be changed or falsified. + +This allows for a defi stablecoin to be fully transparent, unchangeable and accessible to all users. As you can imagine, this will be an excellent choice for anyone who wants to keep their money safe but also remain anonymous. + +Despite the progress in defi, a vast majority if not all blockchain dApps (decentralized apps) are not fully decentralized. Website servers, domains and server access to blockchains, like Infura for ETH blockchain access, are still centralized and can be captured. Case in point is when UniSwap delisted all stablecoins from its “decentralized exchange” front end at the potential threat of the SEC regulating stablecoins and investigating UniSwap. Liquidity pools for these stablecoins plummeted even though they are decentralized on the blockchain. The front-end access is not. + +Protocols like the Internet Computer and Cartesi have solutions to decentralize front servers and cloud computing. However, the crypto industry has yet to take the final step. + +**TLDR: A regulation proof stablecoin** + +To be truly decentralized, a regulation proof stablecoin needs to be both crypto-collaterallized and algorithmic. It cannot have any single entity in the process like what we see in all of the physically asset or USD-backed centralized systems. Having the stablecoin backed by other cryptocurrencies gives faith in the system that there is underlying value that can be redeemed at any time without centralization. Also, it must be algorithmic to provide further price stability. This is the best possible combination of stablecoin capabilities that exists in the market. + +All of the processes must occur in the smart contract on the blockchain making it unchangeable and visible to everyone. Front end website, website server and blockchain access also must be decentralized with multiple, capture proof access points. + +Furthermore, a stablecoin cannot be pegged to a fiat currency price since most will just be inflated into oblivion. Tracking the price of a physical asset, like precious metals, is a much better store of value. + +Philosophically, the creation of currency should be decentralized rather than a single entity controlling the money supply for a nation. Since the best currencies have an underlying asset, the collateral owner should be the one earning the interest. + +BankX is building this type of a fully decentralized, trustless, silver-pegged stablecoin where you earn interest the entire time it is in circulation. If you would like to learn more, join: r/BankX +I think that accumulating wealth would be much easier with similarly minded friends and I anticipate retiring early would be a lot more fulfilling with more friends to enjoy it with. I've been making good progress towards FI the last couple years, but I cannot get any of my friends interested. +Yes, there may be a shit storm brewing. But we don't know when it is going to pop. People have been severely disappointed time and again for putting too much faith in a date or timeline. It just sets apes up for depression, anger, and other negative emotions when expectations are set around dates and then not met. + +The other thing I wanted to address is the more aggressive and provocative behaviour we are seeing posts about. Drone flights, phone calls, sending bananas to them, etc. is really pushing the limits. + +I like the stock and I like the community, but this escalation in behaviour is making me uncomfortable. I want to be a part of the MOASS. But I want a clean fight. The Hedgies are going to use every dirty trick in the book to save their asses. + + +Don't put it past them to call the authorities on us and claim market manipulation, harassment, etc. etc. I feel like the behaviour in the last 24 hours is only giving them ammo to use against us. + + +Let Gary Gensler and the SEC do their jobs. Let the FBI and other authorities do their jobs. Report the Hedgies if you have insider information on their shenanigans. But this in their face stuff needs to stop. + + +They constantly take the low road and win. Let's win this one via the high road please. Don't give them anything that can be used against the community. Please be patient. If the waiting game is too much for you, then find a distraction. + + +I love this community and can't wait to celebrate with you all. But let's do this the right way, apes. + +EDIT 1: Our behaviour is not going to set off the squeeze (other than HODLING). Nothing we say or do will set it off. But there is the very real risk of jeopardizing the community through wreckless behaviour. Patience is going to win the day for us and nothing more. + +EDIT 2: This may go on a lot longer than anyone is expecting. Think about how long Burry had to wait. Set your expectations that this will take a year or two and then you won't be disappointed if nothing happens this week, next week, during shareholder meeting, etc. + +EDIT 3: By all means use the excellent DD here to uncover the Hedgies unsavoury practices and send that DD to the authorities. That needs to continue happening. +Tesla's market cap is $60.77B right now (Nov. 9th, 2019) & they posted returns of $6.3B in Q3 2019. [Source link](https://ir.tesla.com/static-files/47313d21-3cac-4f69-9497-d161bce15da4) + +Ford's market cap is $35.96B right now & they posted returns of $37B in Q3 2019. [Source link](https://s22.q4cdn.com/857684434/files/doc_financials/2019/q3/Ford-3Q2019-Earnings-Presentation.pdf) + +This makes no sense. Ford has way more cash flow annually, yet Tesla is valued far higher by investors. + +**Is market capitalization just totally grounded in investor speculation?** Does there need to be any grounding in company revenues at all? +* Bank says investor adoption of Bitcoin has only just started +* Gold ETFs are bleeding cash while Bitcoin funds absorb flows + +[https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin](https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin) +https://investornews.vanguard/our-index-funds-changed-investing-forever-now-were-making-them-even-better/ + +No DRIP drag, fractional shares, NAV pricing, no spread, and no trading risk. Honestly, I think the mutual fund is better than the ETF version now. +As of now, DTC-2021-005 is still missing. It was released one month ago and subsequently taken down very quickly for "reformatting". It has not been released again. + +https://www.reddit.com/r/Superstonk/comments/ncnz1l/where_in_the_world_is_srdtc2021005_we_were_told/?utm_medium=android_app&utm_source=share +From + +[http://www.msn.com/en-us/money/retirement/heres-how-much-money-americans-have-in-their-401-k-s-at-every-age/ar-BBNev4A?ocid=ientp](http://www.msn.com/en-us/money/retirement/heres-how-much-money-americans-have-in-their-401-k-s-at-every-age/ar-BBNev4A?ocid=ientp) + +To give you an idea of how your retirement savings stack up against your peers, check out the average 401(k) balances in Fidelity accounts, as of the second quarter of 2018, broken down by age. The data was provided to [**CNBC Make It**](http://www.cnbc.com/id/103395579?__source=msn|money|inline|story|&par=msn&doc=105444414) by [Fidelity](https://www.fidelity.com/), the nation's largest retirement-plan provider: + +Age 20 to 29: **$11,500** + +Age 30 to 39: **$42,700** + +Age 40 to 49: **$103,500** + +Age 50 to 59: **$174,200** + +Age 60 to 69: **$192,800** + +&#x200B; + +Here are the average contribution rates by age, also from Fidelity: + +Age 20 to 29: **6.8 percent** + +Age 30 to 39: **7.6 percent** + +Age 40 to 49: **8.4 percent** + +Age 50 to 59: **10 percent** + +Age 60 to 69: **11.1 percent** + +&#x200B; + +Useful data for everyone here, and helping to put what you're doing in context of the broader US population, rather than just comparing between FIRE acolytes. + +I certainly have my moments reading this board and seeing people 5-10 years younger than me posting about savings way beyond what I have and feeling like I've made huge mistakes, etc. In light of these averages, I can feel a lot better about both my savings rates and the fact that I have retirement savings comparable to the age category 20 years ahead of me. +Tldr; she’s getting her funny up I’m getting my money up + +So I’m at work right now and I get a phone call. Usually it’s pretty urgent if she calls while I’m at work so I figured it was important. Clearly it wasn’t as she was telling me there’s a sale on engagement rings like I give a fuck. Apparently the sale lasts only till today oops. I let it slip that I put all of the money I had for a ring into bed bath and beyond. She started talking shit about bed bath and beyond like yo who the fuck. She’s moving out later today 🙂 Anyways man we gotta pump this shit up to fill the woman sized hole in my heart. I find this both hilarious but also sad. + +BBBY to the moon 🙂 +I am looking at potential properties but am finding it difficult to assess if I am making a good deal if I do not know how much rent is going for. This may be a very novice question and I apologize. + +Any help would be great. +TL/DNR: I oversaved for my kids' college, and the leftover money left over will help me FIRE. + +For those of us with children, saving for college is a big part of our FIRE plans. The perspective I offer here is that I have a child who is 17. After discussing other options (community college, trades, military) we agreed that college was the best fit for her. She has applied to colleges and has received offers of aid. I am now able to show how much I saved for her, how effectively this will meet her needs, and how this will affect my journey to FIRE. + +Tax advantaged college savings + +Like saving for retirement in an IRA or 401k, you want to use tax advantaged College Savings Plans whenever possible to save for college. Money you put in to these plans is not tax deductible at a federal level like a tIRA contribution, but any growth can be withdrawn tax free as long as it is spent on college education. Spending this money on other things would mean paying regular income tax rates and a 10% penalty. The two main types are Coverdell accounts and 529 plans. A Coverdell account has a 2000 dollar contribution limit per year, with a contribution phase out of 220K in income for a married couple. 529 plans are probably superior for high earners because they have much higher contribution limits which vary by state, and some states allow a deduction from state income tax for contributing. + +My state did not have a 529 plan when I began this journey, so I opened Coverdell accounts for my kids. (My state now offers a 529, but it is not tax deductible and I did not need a higher contribution limit, so I stayed with a Coverdell.) That means I have been putting 2000/year into each of my kid's account since they were born. + +There has been, of course, some growth. + +||Age|Total Contributions|Current Account Value| +|:-|:-|:-|:-| +|Eldest faithful daughter|17|36000 (in AAPL/QQQ)|129,578.71| +|Middle steadfast daughter|15|30000 (in DIA/QQQ)|88,986.97| +|Youngest heroic daughter|10|20000 (in SPY/QQQ)|42,978.06| +||Total|86000|261,543.74| + +Is this enough money? + +Eldest faithful daughter is an above average but not stellar student with a 3.3 GPA and SAT scores in the 93rd percentile. EFD got in to eight schools, ranging in yearly costs from 21K a year to 60K a year. + +The school that cost 60K gave her 22K in merit aid, leaving 38, over four years that would be 152k. She has 129k, so I would need to pay 23k out of pocket over four years, assuming that the market doesn't rise. She also recieved 16K in need based aid, leaving an out of pocket cost of 22K. Four years at that school would be about 88K. So the amount I saved was enough to afford the most expensive school she applied to. + +The school she will probably go to is a state university with a strong program she is interested in. That school costs 33K/year. She got 1000 in merit aid, leaving 32k x 4 years, or 128k, so I have saved enough to cover that school She actually also got 13K in need based aid, so her cost of attendance will be 19K a year or 76K total, which means (ignoring for the moment any market changes in the next four years), it looks like I saved 53K too much. + +Saving less for college, more for FIRE + +The first take away is that I don't need to save 2k a year for my younger daughters, which will free up a bit more money for FIRE. EFD's sisters are even better students than EFD (and MSD might even go into the military), so they may get a similar amount of college aid. This means I could probably save half as much as I have been saving and be fine. In addition, college money can be transferred to other family members, which means that I have the option to roll extra money down to EFD's sisters or even to their children if they have any. + +Using the extra 53K to FIRE + +Of course another option is to use this money to help fund my retirement. Just like a Roth IRA, the principal can be taken out tax free at any time. Normally, if I spent this money on non-college related expenses, I would pay the Regular income tax rates on the gain plus a 10% penalty. The exception is if your child receives a scholarship or grant. I can take out the amount of any scholarship or grant she was awarded without penalty, although I would need to pay the regular income tax on it. If the school she goes to costs 33K but my daughter has gotten 14K in scholarships, I can take out 33K, pay 19K to the school, and then pay income tax on the other 14k (it is a bit more complicated that this because I only pay tax on the portion which is gain, not the original money I put in). Another option is to leave the money in the account until I FIRE, when I might be able to cashflow my income such that I could take the money out at a lower income tax rate plus a 10% penalty. + +So what would you do with this extra money? How does college savings fit into your FIRE plans? +Just wondering what people’s thoughts will be on an idea I’ve been researching. + +(I’ll keep it short but if you want any websites to numbers I claim let me know) + + +Currently as we all know there’s a huge rental paying problem about 17 million Americans are behind as of 12/14/2020 and 5.7 million of those are likely to be evicted in the next 2 months. +(This doesn’t consider commercial) + +With this new stimulus evictions were supposed to be prolonged but it’s only been prolonged until January 31, 2021. Luckily many states have an extension (About February 14) with the exception of Maryland,Nevada,New Jersey, New York, and Oregon which have farther down extensions June, end of pandemic, etc. + +I’ve talked with a couple of real estate lawyers and they say they are already getting a flood of evictions (commercial and residential) and are expecting a “huge tsunami of evictions” (not my word theirs. + +Since hedge funds are currently holding a huge amount of real estate bought in 08 for cheap ( top 50 real estate hedge funds held about 192.876 billions dollars of real estate in 2012) They’ve definitely been stocking up and there portfolios are probably 10 fold by now since (that’s what’s caused market value increase) but now with a huge amount of evictions (that they will be giving out) they will loose a huge amount of profit that the hedge was making. + +Ultimately this will lead to an initial drop in home values once evictions occur, and a second greater drop once they try to liquidate their real estate properties. + +This part I might be wrong but I see two ways they liquidate, the first is they sell to banks in packages at reduced prices knowing eventually the government will bail the banks out when the values drop on the properties and take profit from 08 or if they are actually evicting people out of stupidity, they themselves put the properties on the market to sell. + +Either way restaurants and people get evicted, home values drop and the stock market being pumped on inexperienced investors gets a quick scare dump. + +I might be completely wrong so I’d love to get peoples opinion and especially people in the real estate space. + +Tldr: Commercial/Home Evictions will reduce rental income in hedge funds causing them to Liquidate real estate dropping the housing market and stock market. + +Edit: +Most common counter argument which is that properties will be able to find new renters after evicting the old ones. Obviously this is a great counter argument and if this happens my post won’t occur. + +Obviously we don’t know what will occur we can only assume. + +But I will be keeping an eye on vacancy levels in March as it would be an early sign that we’re in trouble. Thanks for all the ideas and discussions very informative! +Has anyone looked into Rubic, if so what are your thoughts? + +I've read the whitepaper and the tokenonomics look more than reasonable and it's sitting at a very low market cap currently. + +The team has had great communication through Telegram and another AMA is coming on 12th Feb. + +This could potentially help solve a huge issue with DeFi and Ethereum. + +I'd love to hear others thoughts on it, if they grab a reasonable portion of the market it could be 100x from here. + +One question I had is how have they appeared out of nowhere, completely under the radar. When I search L2 DeFi Rubic is still completely unknown but have a fairly large community. + Consensys, the company that owns MetaMask, just updated its Privacy Policy and fromw now on when you use Infura as your default RPC provider in MetaMask, Infura **will collect your IP address** and your Ethereum wallet address when you send a transaction. + +https://preview.redd.it/iatycyfj0v1a1.png?width=690&format=png&auto=webp&s=7ebfd3259625126728be5fe9621071ceb87b1110 + +**Options:** + +**Sataying with Metamask:** + +\-If you want to continue using Metamask, you can change your RPC provider. Alchemy is a good option, and you can find a tutorial [here](https://docs.alchemy.com/docs/how-to-add-alchemy-rpc-endpoints-to-metamask). Another option is to change your RPC to "[http://localhost:8545](http://localhost:8545)" + +**Ditching Metamask:** + +Ther's always the option to switch wallets. You can try other popular wallets like TrustWallet or [rainbow.me](https://rainbow.me) There are other popular options like Rabby, or Coinbase Wallet, but I can't vouch for them as I haven't tried them. + +When using DeFi no one should be tracked. Stay safe frens +So everyone starts with consumer banking (e.g. Chase Total Checking) and eventually is offered to upgrade to "mass-affluent" accounts at the same institution (e.g., Chase Private Client when assets exceed $150k) automatically. I appreciated the seamless transition from my base account to CPC by Chase (e.g., got to keep the same credentials, perks for linked business accounts, assets transferred without taxable events, same contact at my branch, etc.). + +But when your Chase AUM approaches the threshold for JP Morgan Private Banking ($10mm), would the transition be similarly smooth? Do banks like Chase push you to join their private banking arm once you meet their threshold? And is it generally worth it, or are there folks here who prefer to remain with the consumer arm? + +Before people ask, I'm not too fond of credit unions (terrible tech and not many great options in NYC) or Schwab/Fidelity/IBKR (I'm looking for a more "full-service" experience). So with most of my assets in Chase/BAML investment accounts, I'm just wondering how my assets could translate into JP Morgan or Merrill Lynch accounts. +Okay, so this is my first attempt at doing a possible DD and this is what I’ve come up with. + +I received an email from **Robinhood** (**I already transferred my shares out**) the other day telling me their ACH had changed from **Sutton Bank** and that they would now be using **JP Morgan Chase**. +Right away my bias wanted to be confirmed that this had something to do with The MOASS. But, I didn’t yet have any proof. So, I hopped onto **DuckDuckGo** and got to searching. + +The first search I did was for **Sutton Bank** which turned up, what seemed-to be a somewhat small bank in Ohio. I thought this was kind of odd due to the fact Robinhood is a pretty large brokerage company... and my confirmation bias wants them to be hiding something. Which led me to my second search which was for “Sutton Bank Assets”. This time the search results lead me to a website called https://bankjitsu.com/org/sutton-bank.cgv. Here, I came across some interesting information about parent organizations of **Sutton Bank** since it was first established in 1878. The parent organization that caught my attention for a deeper dive was a company called **Centran Corporation**. + +While looking into **Centran Corporation** I learned that they “**sustained a major securities loss and problems with its international loans in the early 80’s (sounds kinda familiar)**” before later merging with Society Corp”. After, completing the merger with **Society Corp** in 1986 they became the third-largest holding company in Ohio. They remained that way for the next 6 years where they then completed a merger with **KeyCorp** in 1994. + +Now, this is all speculation. But, my confirmation bias wants to connect all of this in some way and that leads me to want to believe one of the banks that got caught on the wrong side of the GameStop trade is **KeyBank**. Who in 2020 according to Wikipedia managed just under 200 Billion in assets. **KeyBank’s** Current Market cap is around $22 Billion and it just so happens JPMorgan Chase Has raised around [$22 Billion](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever) in the bond market as of April 15, 2021. After raising the money the bank said it would “do something” but declined to comment any further. Could JPMorgan Chase be buying up smaller banks and clearing companies as part of some plan to consolidate and cover losses due to GME? + +I may be completely wrong, but my confirmation bias wants to believe we are further along in The MOASS than we think! Cheers everyone and see you all on the moon! 🚀🚀🌙 + +Tl;dr: I think Jp Morgan Chase bought Key Bank in the Defaulting Members auction of assets and they are now replacing Sutton Bank as Robinhood’s new ACH as some sort of consolidation method in order to help the MOASS run smoother. + +**Edit: I am assuming that the Auction of Defaulting members may have already started.** + +**Edit 2: Added [this link](https://www.key.com/kpb/our-insights/articles/kq-gamestops-rise.jsp) from u/TrimleyJeweled that shows KeyBank talking about GameStop destroying the Market.** + +**Edit 3: Added in a screenshot of the [email from Robinhood ](https://m.imgur.com/gallery/NSHIQqX)** + +**Edit 4: To all the people giving downvotes. Leave a comment as to why. Help us all grow some wrinkles.** + +**Edit 5: It was brought to my attention by u/adventuresofjt that the [KeyBank](https://www.reddit.com/r/Superstonk/comments/nntwpt/jp_morgan_bought_key_bank_at_auction_hearing/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) in his area was boarded up 2 days ago on the 27th of May (the same day Robinhood sent out the email). Some are still open like the one in downtown Denver, but I’m wondering has anyone else noticed any other KeyBanks closing shop?** + +**Edit 6: Another interesting bit of information found by u/Flokki_the_Monk “Interesting that KeyBank just appointed a new General Counsel and Corporate Secretary just this past Monday.”** + +https://www.prnewswire.com/news-releases/keycorp-appoints-james-l-waters-general-counsel-and-corporate-secretary-301297682.html + +**”James L Waters came from Cullen/Frost. What a weird coincidence that Citadel Investment Group was the #1 stock holder among hedge funds of Cullen/Frost last year”** https://finance.yahoo.com/news/did-hedge-funds-call-cullen-222206998.html + +**Edit 7: Elaborated on my thought process a bit more in the 5th paragraph to clear up why I suspect JPM Chase bought KeyBank.** + +**Edit 8: Edited my TLDR to mean exactly what I think.** +I hit my 5 year anniversary at my current company this week. I've been given the choice of either a $4,000/year salary bump (going from $66k to $70k), or an extra week of vacation (going from 2 weeks to 3 weeks). Which makes more sense financially? Like what's the best way to figure out how much the extra 5 vacation days are worth monetarily and compare that to the $4,000 raise? I know the real answer is more philosophical ("Will you get more personal enjoyment/fulfillment out of the week's vacation than the monetary value of the raise?"), but I'm asking strictly from a numbers standpoint. + +&#x200B; + +**EDIT:** Just to putting some additional info here via answers I've given in replies: + +\- I get a yearly raise (I started at 40k and am now up to 66k) + +\- I get a very good Christmas bonus each year (last year was $10k before taxes) + +\- I plan on staying there for the foreseeable future + +\- I get a separate week of Sick Time +Hello +I am trying to find out exactly what the pips I am watching the video +0.0001. =0.00009144 +-------- +1.0935 +(EXCHANGE RATE) + +In this example it is saying that the PIPS is +.00001 (FOUR DECIMAL PLACES) +As always... +why is it saying .00001 +For the pips ... +the whole concept is bugging me out I don't understand it. +My mother, being concerned for my future wellbeing, as I’m not a successful person by any means, has introduced me to a friend of hers that apparently is a “currency exchange” trader or something. + +I’m generally a sceptical person so I put off the idea of having a zoom meeting with this person for a few weeks. But today I met him, he was a pleasant older man, apparently about 70 years old. + +Essentially, he claims that he spent $40,000 ish about 7-8 years ago to be given a proper education in the whole Forex and analysis thing. +Makes a decent living himself but as he’s nearing retirement he wants to offer me free tuition to essentially learn the ropes. + +I don’t, at least yet, see where I am to lose money, unless it’s a really long game scam. + +But in essence he wants me to go through the entire pips school thing, and if I manage to without finding it too difficult, understanding the basics, and showing that I’m actually up for putting the effort in, he will essentially teach me everything he knows etc, set up in modules. +This won’t cost me anything other than my time. + +Where I get a little confused and, as I’m completely oblivious to all of this, it may just be how these things work. + +But he said, he’ll show me how to set up a Demo account and over the months learn how to try to make consistent growth on these demo account (I believe he spoke in the 3%+ per month range) + +And here’s where I don’t know if it gets shady or if it’s ok. . . +Once I’m relatively experienced in this, showing consistency on this etc, he says he can offer me access to a hedge fund or something? Where apparently I trade some other organisations money and not my own? +Something like $100,000 per fund and I’d be expected to make profits, but never more than a 5% loss in a month or a 10% loss in any one day. Other than that, I would apparently receive 10% of profits from that. + +Only thing is something to do with a server fee, something like to have access to those funds it’s something like $750 a month that’s deducted from your profit, so I don’t know if it’s a scam or it’s just how the professional world of this works. + +Either way I’m keen to learn from the modules he’s sending me and so on, just not sure about any part once actual money, whether that be mine or someone else’s, is involved. + +Any advice would be well received thanks +I really do believe this company has so much potential and is trading at a hefty discount right now. You rarely see small bio pharma companies that have so much cash on hand, no debt, a knowledgeable management team, and not to mention an amazing, life changing pipeline like ATOS. In it for the long haul! +Christmas day I woke up to a familiar gurgle in my toilet... + +2 years ago I had some tree roots getting into the old terracotta pipes causing a blockage. Got it jetted and everything was all good. + +Got home from the fireworks tonight, blocked toilet. Tried to fill up the bathtub and sink with hot water, bit of a plunger move to try and unblock it and hear a noise like running water. + +So I head downstairs to my storage area/workshop and get hit with a nasty smell and can see a bit of water. + +Do some more investigating and it looks like my attempt to unblock it has made it significantly worse and now I have sewage water under my house. No excrement as far as I can tell but there is some toilet paper. + +But yeah, can't get a plumber for a few days without spending exorbitant money so we've made our way to the inlaws for a little bit. + +Not looking forward to the bill... + +Shitty way to end a shitty year. +Banking app was down, so I wasn’t 100% sure how much I had left in my account, but I knew approximately. Picked up toilet paper from the dollar store and figured I’d try my luck by adding a 0.90$ chocolate bar. Seeing the “insufficient funds” message come up on the screen is such a kick in the gut. +Hey I am 19 years old and work at Walmart for 32-40 hours a week and I am looking to buy a car. My mom said she will co-sign for me because she has decent FICO score (750). I was wondering what would be the best way to go about buying a car? Would it be best to get a car loan from the bank or finance one from the dealer. I make about 1200 a month but I pay 400 for rent and I was wondering what would be a safe budget for me. what do you think insurance would cost since I've never been in an accident? I live in California btw and what would my monthly cost be for insurance and my loan? +I know this is likely a bad idea. I'm also not sure if this is the right place to post this. My fiance wants us to have a $30k wedding, and my parents plan on taking out a home equity loan to pay for it. As far as wedding budgets go, ours would actually be considered below average for our metropolitan area. + +I was originally thinking of having just a ceremony and a sit-down dinner at a regular restaurant, with no DJ and no dancing, but the traditional reception is really important to my fiance and his family. It is the most important part of the wedding to them. + +My dad has said that he will take out a home equity loan, and that it is "essentially cash." He is too embarrassed to ask my fiance or his parents to chip in (all of whom would be willing to, but don't want to be intrusive and imply that my parents can't afford it on their own). My dad also joked that I should just chip in with my own savings, but hide my contribution from my fiance's family so that they still think he was the one paying for things. + +I have already paid for my wedding dress myself. When I jokingly asked my dad to reimburse me, he just chuckled awkwardly without responding. His lack of a response causes me to think that he can't even afford to cover the cost of my dress, much less the entire wedding. + +As for me, I (somewhat selfishly) wasn't planning on touching my savings at all for wedding-related expenses. Of course, I've now already paid for my dress and some other miscellaneous expenditures. + +**TL;DR:** Should I allow my parents to take out a HELOC in order to save face? Should I dig into my own savings in order to bail out my parents? I don't want to be the one asking my future in-laws for money, so that is out of the question for me. +There is a accumulation period of 5 years and after that it pays around $3200 for the next 20 years. For something stable and regular, are there any other better options ? +First off, I’m new to the whole DR thing. All I’ve really done so far is sell stuff I don’t need, work harder on more side hustles and gone all-in on the mindset of spending, all in cash, as little as possible. + +And it’s made a difference, a big difference, but I’m still barely making enough on the payments. + +All that being said, I was considering taking out a loan to pay down all my credit card debts. + +My credit score is currently 724, and I know sticking with Dave, it’ll go down. + +The *lowest* APR on any of my cards is my Amex, and that’s at 17.9%. + +I was approved for a loan at 10.9% APR that will pay off all the other debts with a higher APR, and will cut into the Amex as well. + +I know Dave says no. But I’m having a hard time wrapping my head around why not. + +Please help me out guys! +There is a accumulation period of 5 years and after that it pays around $3200 for the next 20 years. For something stable and regular, are there any other better options ? +I saw a post earlier quoting that Millionaires are made today. BS! + + +I'm not a veteran in the market and won't pretend to be but I believe in these things as of today: + +- Millionaire won't be made by today's dip. A real BTC and market dip imo is below and between 20 to 50% and Satan knows maybe further down... + +- Real money is made when there's blood in the streets. This right now is more like a punch in the face and your nose bleeding. Don't be fool as it could get turn into a **real** blood bath! + +- Don't listen to everyone's predictions and fomo. Don't go ape and all-in in a coin that dipped 10-15%. Always have some cash aside, DCA and pace yourself. The markets tend to rewards those who are discipline and patient. + +May your hodl 10X and I wish you the very best in this Bull Market +https://www.cnbc.com/2022/02/07/frontier-and-spirit-to-merge-creating-5th-largest-airline-in-us.html + +Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S. have agreed to merge in a deal valued at $6.6 billion, creating what would become the fifth-largest airline in the country. + +The merger gives Denver-based Frontier Airlines a 51.5% controlling stake in the combined airline. Spirit investors will receive 1.9126 shares of Frontier plus $2.13 in cash for each share they own, giving Spirit shareholders an implied value of $25.83 per share, which is a 19% premium over the value of Spirit shares at the end of last week, the companies said. + +“This transaction is centered around creating an aggressive ultra-low fare competitor to serve our guests even better, expand career opportunities for our team members and increase competitive pressure, resulting in more consumer-friendly fares for the flying public,” Ted Christie, president and CEO of Miramar, Fla.-based Spirit, said in a statement announcing the deal. + +The boards of both companies approved the deal over the weekend. + +Frontier Chairman Bill Franke will chair the combined company, which he said “will create America’s most competitive ultra-low fare airline for the benefit of consumers.” + +The companies didn’t announce the new name of the combined carrier, the CEO or location of the airline’s headquarters. Those questions will be answered by a committee led by Franke after the transaction closes, which is expected in the second half of the year, pending regulatory and shareholder approval. + +For Franke, the deal is the latest in a career of making investments in and overseeing low-fare airlines around the world, including Spirit. From 2006 through 2013, Indigo Partners held a stake in Spirit with Franke serving as chair of the airline before he resigned when Indigo sold its position in the carrier. Shortly after that move, Indigo bought Frontier Airlines from Republic Airways for $145 million + +Since that acquisition, Denver-based Frontier has steadily expanded its route network with new destinations and additional flights, often targeting cities where larger airlines like Southwest have a strong presence. In almost every case, Frontier enters with low fares to gain a foothold with price-conscious travelers. + +Spirit has also been aggressively expanding in the last decade and plans to continue that strategy once combined with Frontier. + +In 2013, Spirit and Frontier had 2.8% of the revenue passenger miles flown by U.S. airlines, according to the Department of Transportation. By 2019, their combined market share had almost doubled to 5.4% while the four largest airlines in the U.S., American Airlines, Delta, United and Southwest, controlled 73.9% of revenue passenger miles + +With both carriers flying only Airbus planes and neither dominating one particular market, a Spirit/Frontier merger makes sense on paper. Still, the Biden administration has made it clear to corporate America it will scrutinize potential mergers far more aggressively than the Trump administration. + +In premarket trading Monday, Spirit shares jumped about 11% and Frontier Group stock fell about 3%. +# + +https://preview.redd.it/ibwa1qdospf71.png?width=1600&format=png&auto=webp&s=a3be0813fe7e34bb00fba2081a9ffb6882a15911 + +# [Gooooooood Moooooorning Superstonk!](https://www.youtube.com/watch?v=AwSra5p8MDw) + +&#x200B; + +It is a wonderful day to be up and in the jungle! + +&#x200B; + +Get up off your butt, do 3 sets of 5 squats, look at that butt and say "thank god for leg day." You're going to need it to carry you to the end of this long post because yesterday was a doozy! + +&#x200B; + +# [Reverse Repo is just chilling there under $1T](https://www.reddit.com/r/Superstonk/comments/oyn1yc/daily_reverse_repo_update_0805_944335b/) + +In the event my goldfish brain forget here is [Reverse Repo explained](https://www.reddit.com/r/Superstonk/comments/owwk1p/the_rrp_number_is_incredible_but_what_does_it/h7iv86i/?context=3) in a way even I can understand. + +&#x200B; + +https://preview.redd.it/rzbekb0qspf71.png?width=1045&format=png&auto=webp&s=8a0a3a694a5b02d0ad790484a29eb0bbe270263e + +# [Looks like the remaining Treasury Budget is down $2B from yesterday](https://www.reddit.com/r/Superstonk/comments/oyqnh5/daily_treasury_balance_update_for_0804_505bb/) + +I wonder how fast it will drop going into the weekend with GME having been green today. + +&#x200B; + +https://preview.redd.it/rz78izqqspf71.png?width=1283&format=png&auto=webp&s=1eb7d89950836d9a3c84bff6c1611e0a60973039 + +# Retail most definitely owns the float!! + +[Ryan Cohen said "We're fortunate to have such a special group of investors holding the company's shares, you guys inspire us to think bigger fight harder and work longer each day."](https://investorplace.com/2021/08/the-hammer-may-not-fall-on-gme-stock-for-quite-some-time/) + +[Murica](https://www.reddit.com/r/Superstonk/comments/oy8oox/163000000_shares_owned_by_us_retail_minimum/) Based odd an average ape holding of 34.02 shares we own 163.66M Shares. + +[Diamantenhände!](https://www.reddit.com/r/Superstonk/comments/oy8oox/163000000_shares_owned_by_us_retail_minimum/) There should be no way that armitards or other europoors own even a single share of this great ccompany. + +With our powers combined that is, at minimum, 242,600,000 shares. Welp. Pack our bags cause \*\*ahem\*\* "Wen Moon?" + +&#x200B; + +# [The rest of the world is losing faith in the US market...](https://www.reddit.com/r/Superstonk/comments/oyn5su/countries_are_beginning_to_avoid_usd_another/?utm_medium=android_app&utm_source=share) + +The largest pension fund in Japan (GPIF) dropped their US bond holdings from approximately [47% to 35%](https://www.bloomberg.com/news/articles/2021-08-01/world-s-biggest-pension-fund-cuts-u-s-bond-weighting-by-record) of their portfolio from Mar 2020 to Mar 2021. + +&#x200B; + +https://preview.redd.it/ybgb908sspf71.png?width=946&format=png&auto=webp&s=d4bc72d92d8d1368fdaae642934f6ae0e12b4b41 + +If this faith keeps dropping with inflation, the raw materials shortages, fair wage strike, and a housing bubble/extreme rent charges tie that to our little slice of the pie and we have a bone-uh-fide category 5 sheeeeit storm. + +There is a bit of a bright light and the [Eviction Moratorium was extended to October 3rd](https://www.washingtonpost.com/us-policy/2021/08/03/white-house-evictions-democrats/). + +&#x200B; + +https://preview.redd.it/9mzjh04tspf71.png?width=1433&format=png&auto=webp&s=834d23a5f70d04d099cee7ab0544b2e8d11c966e + +# [Looks like Gary Gensler just said GG to CNBC](https://www.washingtonpost.com/us-policy/2021/08/03/white-house-evictions-democrats/) + +&#x200B; + +https://preview.redd.it/vkb0x18uspf71.png?width=672&format=png&auto=webp&s=0f909226e258ed841abdfe7288a3b7483e8cb141 + +No punches pulled. Straight up left hook of "you dropped this." [Here is the interview translated to ape.](https://www.reddit.com/r/Superstonk/comments/oyhso9/the_2_minutes_cnbc_didnt_want_you_to_see_from_the/) + +Watch the video. 2 minutes of your time. Use it as a timer while brushing your teeth. + +&#x200B; + +https://preview.redd.it/9wqtst8vspf71.png?width=644&format=png&auto=webp&s=a722d2a2df8b28ae88d94b326310f846d4d7dfbb + +&#x200B; + +https://preview.redd.it/cl8i0glwspf71.png?width=337&format=png&auto=webp&s=57d81253da6ba442436cadb62a489a73770fbc10 + +# [Etherium Update is Live!](https://www.reddit.com/r/Superstonk/comments/oygm62/its_live_hodl/) + +&#x200B; + +https://preview.redd.it/z77pttmzspf71.png?width=235&format=png&auto=webp&s=fe2f8cb98c60ae21e797034b3131902de20f43fd + +So what does this mean? [Well GameStops lead ETH designer tweeted.](https://www.reddit.com/r/Superstonk/comments/oyh35n/gamestops_lead_nft_designer_on_twitter/) EIP-1559 aims to improve Ethereum’s gas fee market by introducing a base fee, meaning wallet providers and users will know the price of a transaction in advance (previously, users had to enter a gas fee bid to miners, meaning many would overpay or underpay to add their transactions to the next block). (borrowed from [cryptobriefing.com](https://cryptobriefing.com)) + +&#x200B; + +https://preview.redd.it/9jufopf0tpf71.png?width=344&format=png&auto=webp&s=348d18915b73b80bdffb8637a5130174286af160 + +This is incorrect:[https://www.reddit.com/r/Superstonk/comments/oymd80/one\_step\_at\_a\_time/h7tzcff?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/Superstonk/comments/oymd80/one_step_at_a_time/h7tzcff?utm_medium=android_app&utm_source=share&context=3) + +Here is an [amazing summary for how an ETH dividend is a major catalyst](https://www.reddit.com/r/Superstonk/comments/oymd80/one_step_at_a_time/?utm_medium=android_app&utm_source=share): + +&#x200B; + +https://preview.redd.it/5rerqofyspf71.png?width=690&format=png&auto=webp&s=d72449692197bcd68bb2916d666a3533dd7c5c5e + +# [Yesterday's super secret ETH work is going on.](https://www.reddit.com/r/Superstonk/comments/oxm4vn/tens_of_millions_of_existing_users_i_myself_dont/) + +Who knows if it ties to the post the other day although that number is now right at [7.7M coins at 0.0001 value each](https://www.reddit.com/r/Superstonk/comments/oyv5q1/199k_transferred_through_the_ethereum_address/). This is right at the 7.6m shares. I can't recall but doesn't GameStop owe someone stock as well? Could that put us at the 7.7M number? Nothing is confirmed. Stay skeptical until we have something concrete. + +&#x200B; + +# [Evil Computer Algorithms](https://www.reddit.com/r/Superstonk/comments/owlg3z/the_algorithm_has_been_doing_this_shit_for_years/?utm_medium=android_app&utm_source=share) + +This one is a few days old but I missed it initially. Some wild calculations. A ton of data with a splash of crude humor. (Sorry to my editor but I am trying to keep the parent at least family friendly so no [McGoogles](https://www.youtube.com/watch?v=IhvCSLT0L0w) in the post today). + +There is also some fuckery happening at the [SIXTH DECIMAL PLACE.](https://www.reddit.com/r/Superstonk/comments/oyl0xu/four_decimal_points_aint_enough_do_i_hear_six/?utm_medium=android_app&utm_source=share) Why is this weird? Well first off if you can find me any 10\^-x iteration of a $0.01 where I have a coin I will eat a balanced breakfast. Second, if sold in a batch of 100 shares, the price would come out to $XX,XXX.XX Now I don't know about you but that would imply a price in the thousands. + +&#x200B; + +https://preview.redd.it/ggsyrw02tpf71.png?width=456&format=png&auto=webp&s=2301fe6f2006181d27a16c4895859ec79313ef11 + +# [Kenny G's Island Sank](https://www.reddit.com/r/Superstonk/comments/oyhcte/spac_crackdowns_ken_griffins_company_pine_island/) + +SPAC crackdowns are directly related and impacting MMs and Hedgefunds like Citadel. Ken Griffin has a company called Pine Island Capital Partners and Pine Island Acquisition Company. Pine Island got delisted in May by the SEC for financial filings and misrepresentation of their warrants . Pine Island also bragged about being able to profit off of Covid. + +&#x200B; + +# [Wolverine is Dead?](https://www.reddit.com/r/Superstonk/comments/oyeimk/wolverine_securities_fukd/?utm_medium=android_app&utm_source=share) + +Wolverine Securities LLC has a 1.3 million put options in GME and possibly exploded. Bloomberg Terminal data from 8/4/2021, Wolverine Trading owns 13,843 put options but their 13F says 1,384,300. Weird it’s off by a factor of 100. However, the “top” put owner Simplex’s \~80,000 puts is accurate to their most recent 13F. Weird stuff y’all another “glitch”? + +&#x200B; + +https://preview.redd.it/int5fdn2tpf71.png?width=325&format=png&auto=webp&s=8dddd353c480910ca550b31956aa8ee7452b57e3 + +# [Our Boy DLauer Did an Interview](https://www.reddit.com/r/Superstonk/comments/oy4u4t/udlauer_interview_on_cnbc/) + +Give it a gander. Looks like CNBC is on a role with interviews! + +&#x200B; + +https://preview.redd.it/eec76hg3tpf71.png?width=648&format=png&auto=webp&s=f90db8e6dfa7209e533626a4b6d023bd06d9caa2 + +# Some juicy memes hot off the press: + +&#x200B; + +https://preview.redd.it/vp805yy3tpf71.png?width=580&format=png&auto=webp&s=e8105fde9351b95610a40e1045865ccdfb63c81e + +u/milkdud2000 + +https://preview.redd.it/8q21vim4tpf71.png?width=672&format=png&auto=webp&s=0b7295461031578edfd6c5a6a07bf1c7db9a86b0 + +/u/Inevitable-Elk-4162 + +[Skyscraper Lights Return!](https://www.reddit.com/r/Superstonk/comments/oy5l64/im_back_and_would_you_look_at_this_them_london/) + +Please feel free to tag me in any verified information or any story that is developing! + +I am the furthest thing from a financial advisor. All this is just some turtle's opinion who's brain is as reflective as my shell. + +# [EXCELLENT!](https://giphy.com/gifs/ifc-80s-bill-and-ted-excellet-l46CDHTqbmnGZyxKo) + +&#x200B; + +We don't care, just be nice and let's make this community as Excellent as we can! + +&#x200B; + +A few wrinkled-brained apes for quick post history access: + +u/DeepFuckingValue (dont need to explain) + +u/atobitt (DD) + +u/Criand (DD) + +u/peruvian_bull (DD addict) + +u/Parsnip (German Market Guy | Diamantenhände) + +u/DR7KE (scales Treasury Balance Guy scales) + +u/pctracer (Reverse Repo Market Updater) + +u/JTH1 (Floor Guy Stonkdate) + +u/mr_boost (Ape News Network | Sign Guy) + +u/gherkinit (Daily Technical Analysis)users worth noting: + +&#x200B; + +Thank you to the mod team!! Thank you to YOU ALL BEAUTIFUL APES! + +&#x200B; + +Remember not to to give your password or log in information to anyone. If it seems suspicious don't do it! Phishing attacks have become more common across all platforms. + +&#x200B; + +As always we are here from all different walks of life and all different countries. This doesn't matter as we are all apes in here, and apes are friends. We help each other, we care for each other. Ape don't fight ape, apes help other apes! + +&#x200B; + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. BUY and HODL. + +&#x200B; + +Please let us know what you think of the format! There are some great people working behind the scenes to make this happen! + +&#x200B; + +Okay that is all for now catch you all later! +Hey everyone, +I started investing in Jan, 2020 and got very interested in Dividend investing. Although one can research and invest in great companies for dividends and growth but still deciding which stock to buy could be tricky if someone like me is a passive investor. +After looking at low cost ETF options such as VYM and combining them along with Dividend Appreciation Index Fund ETF such as VIG or DGRO seemed like a good option to me. +I also think I can diversify it by investing in ETFs such as VNQ and SPYD which has more focus on REIT and Financial sector. Lastly I would like to include an S&P 500 ETF for growth. + +Can this be a good option for someone like me who want to remain passive investor and focus more on other stuff rather than worrying about stock valuation and company performance? + +Thanks in advance. +As the title says, I've finally hit the $200 mark for a single month in dividend payments. Nothing crazy, but pretty cool for my 2nd year in this investment journey. Current portfolio is around $44.5K and yields a touch over 3%. All individual stocks so I do not have any fees attached to the portfolio. Where is everyone else at? +Remember this? + +&#x200B; + +https://preview.redd.it/rcx7nxvo10t61.png?width=1136&format=png&auto=webp&s=4a7ce7249a635a6c690bef83b64181e6e56ef26e + +Why does this point to Ann Hand? Here's her resume! It's been pointed out before, and we saw a spike in Super League Gaming's stock price around the time of the tweet. + +https://preview.redd.it/yi9gtsdz10t61.png?width=310&format=png&auto=webp&s=87515e93a1e7d0e1dae7737567bb3f80196e4b58 + +&#x200B; + +&#x200B; + +FROG + MCDONALDS = ANN HAND + +Why did GameStop pay off their corporate debt today? It allows them to engage in mergers now that's why! + +&#x200B; + +https://preview.redd.it/2uphtzok10t61.png?width=1164&format=png&auto=webp&s=ea60deb0011f1018ba1fbf2603c03e063cb266bd + +When can we expect this news? Well 4/20 (Or maybe 4/15 with Sherman out of contract and proxy statement), because Ryan's one of us. + +I for one, am a bully boy and i'm excited to see (If this tinfoil hat connect the dots theory is correct) GameStop expand into the eSports space. + +EDIT: Also GameStop released 8 executives from the board, but only hired 3? Space for a whole new team of executives? + +u/ncle_Bob pointed out that the gamestop tweet from Ryan today was near SLGG HQ. + +Wrinkle brains can debate whether this could just be the previous theory around the time of the tweet, simply an aquisition rather than a merger. They are worth 144M so this is in the ballpark if GameStop were to/ already have raised capital via issuing stock. This would explain the debt repayment element but i'm unsure if this would point to Ann being CEO. Ideas welcome. +I’ve seen many pointing to the lyrics of the song as the kids ride a boat down the chocolate river and into a tunnel. I actually think this is more on-the-nose than that. + +The story of Charlie Bucket is one where he & a few other children find Golden Tickets. First off, I think we all know what the golden ticket represents. Upon arriving at the factory, the children are given an everlasting gobstopper and told to not sell or give it away. Through the journey, there are many crazy, stressful things that occur to the voyagers, many ups-and-downs that must be persevered. The man attempting to steal Mr. Wonka’s gobstopper recipe is able to convince and/or con the children out of theirs .... except for Charlie Bucket. In the end, he returns the gobstopper to Mr. Wonka, and is thus rewarded with everything he had dreamt of. In the end, he literally breaks through the glass ceiling and rises above all the other children who just couldn’t .... hold. + +On to the Wonkavator +I often read posts / comments from people who talk about the stock market as if it were an isolated entity. "It has some good years, it has some bad years, lately we've had good years, there will be bad years, too, but it always goes up over time." All of this is true. But I don't think you can look at the last 13 years or so and say that what we've seen is just business as usual. It's not. What we've seen the last 13 years has been entirely unprecedented and has basically been an experiment in monetary policy. + +I could make this a long post, but I'll try to make it as simple as possible. Take a look at the M1 money stock, which over the last 13 years, since the Global Financial Crisis, has increased significantly, and radically so since the Covid-19 pandemic. (Note that M1 money means "the most liquid portions of the money supply, containing currency and assets that either are or can be quickly converted to cash) + +[https://fred.stlouisfed.org/series/M1SL](https://fred.stlouisfed.org/series/M1SL) + +Also interesting to compare the S+P 500 to the M1 money supply: [1. post-2008](https://inukshukcapital.com/wp-content/uploads/2019/12/SP-500-vs-M1-Money-Stock-scaled.jpg), + +[2. since Covid-19](https://static.wixstatic.com/media/c08c52_b6b1a1d762ed46ef8503dc75f7fdfd22~mv2.jpg/v1/fill/w_744,h_475,al_c,q_90/c08c52_b6b1a1d762ed46ef8503dc75f7fdfd22~mv2.jpg) + +Finally, someone linked an article a few weeks back from an analyst who said we shouldn't be afraid of high rates, but rather low rates, because markets have always been at their worst when rates were low. This is obviously ridiculous, because that's like saying that we shouldn't be afraid of smoking, but rather chemotherapy, because incidences of cancer are always higher when people are on chemotherapy rather than when they are smoking. Well of course! Chemotherapy is the remedy to cancer. Just as low rates are the remedy to a market downturn. We would expect that low rates would correlate to market downturns, given that they are the tool we use to stimulate the economy when things aren't going well. + +Even so, the author of that article was using the period of 2009 to make his case (worst bear market in history also corresponded to the lowest rates). But you don't have to be a genius to see the correlation between low rates and stock prices, especially in the last decade: + +[https://d1-invdn-com.akamaized.net/content/pice484f31450a7fa148b4f1e431e64e1aa.png](https://d1-invdn-com.akamaized.net/content/pice484f31450a7fa148b4f1e431e64e1aa.png) + +Of course, there's also empirical evidence that this is the case: [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2941281](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2941281) + +In summary, I don't think you can talk about the stock market in isolation without considering the monetary policy that's fueling it, especially now given that monetary policy has been so dramatic and unprecedented. Doing so would be like saying "well bread is usually about $2.50 a loaf, that's gone up over the years but it tends to remain steady in the short to mid term". Of course, that's true in the USA. But in Venezuela such a statement wouldn't hold true. Not that the US is anywhere near Venezuela, and I'm not calling for hyperinflation or anything like that. But you have to remember that we're dealing with money here. Money is not something that holds value on its own, it depends on many other factors, not least of which is monetary policy. No reasonable discussion of prices, whether of goods and services or assets, is complete without taking into account monetary policy, especially given the nature of what's been going on the last decade. + +EDIT: M1 money stock jumped so significantly in May 2020 because of an accounting rule change. [Please see here](https://www.collaborativefund.com/blog/the-fed-isnt-printing-as-much-money-as-you-think/). Still, the charts I have presented that compare M1 to the S&P 500 do not take into account that change, thus the correlation stands. [See here.](https://www.ftschuyler.com/single-post/m1-money-supply-vs-s-p-500-index) + +EDIT 2: The chart I used could be a bit misleading. Here's a better one where you can still see a clear correlation: [https://inflationchart.com/spx-in-m3/?show\_divided\_by=0](https://inflationchart.com/spx-in-m3/?show_divided_by=0). +Just a mental exercise here. + +If an algo were wildly profitable, it could eat up the entire market eventually. Either until it got too big to survive in its ecosystem (like the dinosaurs), or if it ran on something like SPY, it would eventually run the market. + +Is it possible that 1-3 algos are running the market on SPY? + +Is the natural outcome of algo trading either you reach 1 billion dollars or 0 ? +Outside of the use of unstructured news data, I really don’t understand how alternative data can be used in the quantitative approach to short - mid term trading. For example, if you were to acquire some derivative of sales data for a company and were attempting to predict whether or not it would beat earnings, wouldn’t this just be a systematic approach to fundamental investing? + +I am mainly wondering if the majority of the big players in the quant buy side game (when trading ~mid frequency) are just generating the majority of their features from typical market data and perhaps some news data. If this is the case, then the real art would be in creating new data from highly available data. It seems that alternative data is more or less only relevant in lower frequency quarterly earnings plays. +**Summary of Family:** +Self – BS/MS Civil Engineering and EI license, Structural design ($72k Salary + Overtime), college paid for by scholarships + parents, immigrant parents fled communism and poverty +Spouse – BS Computer Science, Front-End Engineer ($82k salary), college paid for by scholarships and minimal loans, immigrated as a child to flee a different flavor of communism +Dog – Puppy kindergarten, Dog (Kibble salary) +We rent an apartment and drive cars that are “hand-me-downs” from our parents. + +[ **Income/NW/Spending Summary Table + Self NW Charts**](https://imgur.com/a/VM0Sayr) + +[Table link](https://imgur.com/hnPGgAC) +[Self Investments Chart vs Contributions link](https://imgur.com/nvU4u6A) +[Self NW Chart link](https://imgur.com/EjPjDOa) +Notes: For NW calculation purposes, joint assets are split 50/50 and added to each individual’s NW. + +**Growing Up:** +Parents were immigrants fleeing the Chinese cultural revolution with a few suitcases and a few dollar bills to their name, not really understanding English, arriving in the USA for their 2nd PhDs each. I grew up on SNAP and hand-me-downs. Parents grew up impoverished, so we were very frugal. Mom’s career took off when I’m in middle school. Her diligent saving and my scholarships resulted in me being able to go through college with no student loans. +Spouse immigrated to the USA while young and grew up upper-middle class. His parents don’t really understand money, but out-earn their spending. Got a scholarship that paid for the last 3 years of college. + +**College/Grad school (2011-2018):** +Went to school for civil engineering, started doing internships and learning about personal finance, stumbled upon [The Shockingly Simple Math Behind Early Retirement](https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/). Started contributing to my internship’s 401k and to a Roth IRA and saving cash. I checked my Mint account daily and was so happy to see my NW go up and reach $10k, then $15k, etc. Mom and scholarships paid for my tuition and dorm costs, I paid for school supplies/plane tickets home/moving costs and rent/groceries at internships. + +Intern Pay History (COL Index: 123.9): +$15.75/hr (2012)-> $16.80/hr (2013)-> $17.76/hr (2014)-> $18.80/hr (2014)-> $22/hr (2015) + +My career heavily favors master’s degrees, so I applied and got a Research Assistant position for a full-ride for grad school. Grad school and research in civil engineering was miserable. I’m glad I didn’t have to pay money for it. + +I was a complete workaholic during these years, and it set me up to be highly desired by employers. However, I think this accelerated my burn-out, especially since it took me 7 years to graduate with a job. + +The benefit of cash savings during this time was that I never had to worry about moving expenses for internships, school materials, grad school applications/travel, and any other miscellaneous expenses. While it might have been more optimal to invest more of my cash savings, the mental comfort and flexibility the cash offered me means I don’t regret a thing. + +**Working Full-time:** +Salary History (COL Index: 90.8): + $64k (2018) -> $65k (2019) -> $68k (2020) -> Switch Jobs, $70k (2020) -> $73k (2021) + +The differences between my salary and the income listed in the tables are due to overtime pay and performance bonuses. +My first job was extremely stressful and required lots of overtime to meet deadlines. I had multiple panic attacks or crying sessions after work, it was hard to sleep, I had to deal with a toxic project manager, my anxiety and stress levels were through the roof. Even though I loved my boss, I ended up switching jobs (thanks to the support of my SO for enabling this). I now work less overtime and have less responsibilities for slightly more salary, but it’s still pretty stressful. I’m still dealing with bad Project Managers, and we’ve been having some ridiculous deadline expectations recently. Currently working towards PE licensure. +Spouse loves what he does and has a lot of career growth/opportunities, so he’s not really focusing too hard on RE. + +**Life, and where we go from here:** +For years my now-spouse has emotionally supported me through hard times and kept me grounded, and I’ve in turn helped him learn how to cook, develop a fashion sense, taught him personal finance, and develop his career. With him I’m [“building the life I want, then saving for it.”](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/?utm_source=reddit&utm_medium=usertext&utm_name=financialindependence&utm_content=t5_2t34z). He’s not entirely on the FIRE train, but he’s 100% supportive and on board with me working towards FIRE and I’m willing to be flexible on spending budgets so he’s still happy (as long as we max out retirement accounts moving forward). + +We split bills 50/50 while dating/engaged and now have fully joint marital assets. I track spending and manage the budgets and we do roughly monthly meetings to discuss finances. We spend our “boring middle” time training and spoiling our dog, taking expensive dance lessons, playing video games, and enjoying food. Currently saving a lot of cash to buy a house hopefully next year because our apartment is feeling pretty cramped with WFH. + +I recently connected my husband with one of my friends in the same industry, and thanks to that connection he’s starting a new job soon that will roughly triple his total compensation. This opens a lot more flexibility in our budgets and future plans. + +I’m pretty unhappy with my current career (work/life balance and compensation) and my career isn’t very compatible with people who want to be active in their child’s lives. So I’m back to looking for new job opportunities for better work-life balance and a better team, but if I can’t find anything that works, we can live off of my husband’s income while I study programming and try to switch to sweet tech money/benefits. Being in a relationship/married has greatly benefited both of us emotionally and financially, and is letting us take greater risks with careers moving forward that could result in increasing the family income. + +While it feels like I've been on the FIRE train for forever, I realize I've only been working full-time for 3.5 years. We still have a long time to go, but we have a pretty good foundation for success in the coming years/decades. + +**Inspiration:** +I talk to my mom about finances freely and while they really don't like the RE attitude, my parents are always happy to celebrate milestones. My mom has been coasting at her job and has been ready to RE for years (since her mid 50's), but has enough PTO to enjoy life and enjoys her work (and enjoys her health insurance since she's had cancer). My mom was able to succeed after a childhood of extreme poverty, coming to a new country, being a breadwinner for a family of 4 and the primary childcare giver, and is enjoying coasting to retirement. Whenever life gets rough, I just think "well, I have it easier than Mom ever did" and it generally helps haha. I wouldn't be here without her! +🐕 FlokiBUSD Token ($FLOKIBUSD) 🐕 + +&#x200B; + +FlokiBUSD | Rewards Based | Stealth Launch | <1 Hour Old | Aku Fork | BUSD Reflections Sent To Wallet Automatically | Rewards Dashboard Launching in the next 2 days | $50K MCap | 150 TG Members BSC Token + +BSC Token + +&#x200B; + +Under 1mil Marketcap ($50K) + +&#x200B; + +BUSD REFLECTION | STEALTH LAUNCHED | Missed out on Tiki/AkuAku? This is your chance! + +&#x200B; + +$FLOKIBUSD is an automatic BUSD reflection token back by a solid development team! Earn BUSD rewards in spite of a currently volatile market! 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If it gets cold enough to see your breath indoors and you shudder at the thought of getting I to your cold bed then you might want to take an extra blanket and cover the mattress before putting a sheet over it. I recommend wool blankets. If you have fleece bedding then by all means use that, otherwise cotton will work just fine. + +The rest is easy because everything you put on just stops the heat from escaping, but with a wool blanket under your body you will not get onto a really cold mattress. + +This has helped me in some tough winters. This and a hot waterbottle. Damn those things are amazing. +My mom wants to buy a home in the next couple of months but needs a co-signer and has asked me to step up to the plate. Normally I wouldn’t think twice about it since I’m young and rent in an urban area that I love. BUT I want to buy my home in Sept. 2023 and I’m worried that I won’t be able to because my name is already attached to a home and the banks won’t lend me money. Is this a real concern? Or am I overthinking it? + +Help… +I gave my two weeks notice in good faith. I was terminated on the spot, with no payment for my last two weeks. + +I was supposed to start this Monday at a new company. They pushed my start date back for a month. I’m now unemployed. + +Would I be eligible for UI? Can I ask the first company for payment for two weeks (I’m on salary)? I feel lost on this. This happened in Florida. Thanks all, feeling pretty low. +I’m discovering I may have ADHD and am currently working with a therapist and Dr to get it diagnosed. One of the things I really struggle with is random spending. I’ll see something and imagine how it will make my life better, and then use every reason I can find to justify the purchase. + +Is there any way to quell down this urge to spend? + +I avoid going out a lot to save money, but my crafts need supplies and I want to collect ALL the supplies for ALL my crafts. I also play video games, but the urge hits when I need an upgrade or there is something cool in the game shop for a limited time. + +Never thought of myself as an extreme spender, but I’m trying to face reality and fix my finances before it fucks me in the ass. + +Edit: Also, Dave Ramsey haunts my dreams. + +Edit2: I’m trying to read through everyone’s comments, and won’t be able to reply to everyone but a lot of you are making good points and ideas that I will implement. + +-I will now only have my debit cards in my physical/digital wallets +-I will wait 2 days for an impulse buy (some of you were saying 24hrs - 1 week so I decided on 2 days) +-I already have a new budget book delivered and a cash envelope binder ready to go. I doubt it will work though bc I’m not very good with carrying cash since I basically have a guy wallet and no purse. +-I will also speak to my therapist about impulse buying and go through other forums for it + +I still may find other ideas and implement them too. Thank you all for your input. +First of all, fuck Jerome Powell. The dude is a criminal and should be in prison. + +The only way to combat inflation is by adjusting the monetary policy. Nothing else is going to work. He can raise interest rates by 2.5% but it's not going to do anything until he starts raising rates AGGRESSIVELY and fast. The worst part about this is that he's so far behind the curve that anything he does now will take at least a year to see any effect. + +So how did it get this way? I think it got this way by allowing the market to become this overvalued. It's my opinion that we may never see company valuations this high ever again. They printed TRILLIONS of dollars to prop up the stock market and boosts earnings. We had record number IPOs in 2021 in which CEOs walked away with billions of retail's money. + +Inflation started after they refused to let the stock market crash in 2020 from COVID. It should've crashed then and you can clearly look at S&P500 and determine where they began printing trillions of dollars. So what happened during this time? The risks of the markets were basically at all time lows. Shorts were taking on massive massive risks and then GME happened. + +Everyone in GME got a glimpse of what will happen when Jerome Powell starts to combat inflation from 2021's EVERYTHING SNEEZE. It wasn't a GME sneeze. There were hundreds of stocks that ballooned during the same time because of the systemic risk. These motherfuckers printed trillions of dollars and the goddamn idiots on wallstreet shorted the fuck out of the market. **They cannot combat inflation without crashing the US stock market**. If the US stock market crashes, hedgies are beyond fucked. They can't do anything. People are asking how the FED is allowing inflation to get this bad and it's because if they do anything about it, the US financial system implodes on itself. + +Jerome had every reason to start taking inflation more serious when he was guaranteed his seat back in December 2021 but he didn't. It tells me he can't. It tells me the US government cannot do anything about this inflation without us winning. Now they're trying to push the blame onto the Russia and Ukraine conflict. I mean sure, that conflict would and does have an impact on prices but it's not the reason inflation is 8%(fake number). + +They're really stuck. People are going to start getting hurt very soon and once this Russia/Ukraine conflict is over, what're they going to point to? They can't come out and say, "Oh, we can't combat inflation because a buncha goons on wallstreet put the whole world's economy at risk by being greedy motherfuckers" while pointing the finger at retailers holding GME. I see no way for them to blame meme stock holders. + +I know a lot of yall only focus on GME stuff but the US is in very bad shape. Inflation won't go down without the market crashing and the US economy entering a recession. I'm confident all of the higher ups in the US know the meme stock risk. If they're talking about it in congressional meetings then they're most certainly talking about it behind closed doors. + +Edit: yes I meant 0.25% +TAL Education Group ADRs (TAL) - plunged in after-hours trading Tuesday after the Chinese education company disclosed a case of apparent sales fraud by an employee. + +The company said in a statement that it “discovered irregularities and violations of the Company's business conduct and internal control policies by an employee in the Company's newly introduced ‘Light Class’ business,” during a routine audit. + +The company “suspects that the employee of question conspired with external vendors to wrongly inflate ‘Light Class’ sales by forging contracts and other documentations,” according to the statement. + +TAL said "Light Class" sales accounted for approximately 3% to 4% of the company's total estimated revenues for the fiscal year ended Feb. 29. + + +https://www.thestreet.com/investing/tal-education-plunges-in-after-hours-on-sales-fraud-disclosure?puc=yahoo&cm_ven=YAHOO&yptr=yahoo + + + + +TL:DR Stop it, get some help. +Hi everyone! + +Has anyone/ know anyone that has actually made money from company share options? I have been given a significant number of share options on the condition I stay at my company for 4 years but I’m unsure if they are actually worth anything. +looking to buy a bike for about £350 i can buy it outright or take financing at £23 a month, what would be the best option or would it not really matter? +Lately a friend who I work with has started to post on social media about a 'miracle coffee' that supposedly lets you lose up to a stone in 2 weeks or something ridiculous. She seems to have been 'recruited' to sell this product because a saw a status from some woman welcoming her to the 'team'. The whole reeks of a multi-level marketing pyramid scheme. + +I'm worried she's gonna sink loads of money into this and never see a penny of it again, do I straight up mention it to her? She'll likely get angry and defensive about it, but other members of my team at work have been talking about it and are pretty worried she's getting taken for a ride. + +Sorry if this is the wrong sub to ask about this. +Last year, i knew i would probably owe about 40k in taxes. So i set aside that 40k in a "high yield" savings account. And did all my investing things around that money. However in August, i suffered about of insanity... and "realized" hey this money is earning jack shit. Let me put 40k into this "Aggresive" wealthfront account (my other Wealthfront account has been performing nicely). + +I completely forgot my rationale for having that money set aside in a savings account. Anyway. August was THE worst time to go all into one investment. It went down from day one and never recovered. +at one point the account was down to 29k$. Holy crap did i feel bad. Anyway, the market ebbs and flows ups and downs. It gets back to within -3k... then back down to -7 or -8k. hovering in that range the entire time. Everytime it got to within -3k$ i thought, i should just sell it. lock it in right now... 3,000$ is a small price to pay for this lesson. But like a gambler with the fever, i kept thinking.. well maybe tomorrow. + +Well Febuary turned to march... tax day was fast approaching, and march was turning into april.. I knew that the last possible day i could sell, settle and transfer money back to my bank account would be April 6th to be safe. last week. the market crept up .. little by little... on thursday i ended at $38.5k ... so about -1500$. At that point the highest point the account has been at since august.. i should have liquidated. but i had till monday!! hahah... man what a nerve wracking weekend it was. i didnt sleep until 4 am on sunday and woke up at 7am (PST) to liquidate. I had to cash out monday good or bad. + +Lo and behold the market was UP and my account was at 39,500$ (-500 loss only!!) i was so happy. but i was also so sleepy.. i put the withdraw order in and instantly fell back asleep. When i woke up 2 hours later, i saw in my email "please confirm your order by replying to this email" holy shit!!! i was certain that the market turned down by then.. but when i looked. my account was at 40,200$ i actually was in the green!!!!!! + +i put the order in again , this time i made sure to confirm it. but then got an email said that "we got your order, we are evaluating it.. we will get back to you" . type of wording. i was thinking CRAP! now for sure the market will turn back down..... + +finally a couple hours later i got the email that confirmed that my order excuted. and at that point my account was at 40,750$ the highest point EVER in its existence. + +jee wiz. what a nightmare that was. + +Thats investing folks. 8 months of bullshit.. and 1 day of glory. + +and i can pay my taxes without feeling like a shithead + + +Safemoon has been an interesting coin. There seems to a lot of promising projects and a lot of red flags. + +Recently, it came out that WhiteBit won't support SM tokenomics but the developers allow it to be listed anyways, which to me defeats the purpose of said tokenomics.  + +I made a post about it in their subreddit and had people telling me to f off, messages to kill myself, I shouldn't be in crypto, etc... which was another red flag for a mere bit of criticism.  + +Be wary of posting anything that can be hinted as something negative otherwise you'll have to endure the "safemoom army" on their subreddit.   + +I started looking at more users that made content in that subreddit and noticed 90% of the accounts were created in the last month. Another red flag.  + +Something super fishy is going on over there. I'm beginning to think it's an elaborate scam. I hope I'm wrong and people aren't left holding the bag (myself included) but I'm starting to smell a scam. +Im only 20 and am trying to build a string long term investment foundation. What are some cryptos that are working to solve a problem? Dont have to explain much, id rather do my own DD + +Strong* +I noticed on my credit report there is an enquiry placed by the bank of England entitled "the governor and company of the bank of England". The purpose was an enquiry. A quick Google didn't show any useful results and as such I am wondering why. Anyone have any ideas or experience why this occurred? + +Thanks in advance +https://lnmainnet.gaben.win/?100= + +Lightning is quite possibly the biggest innovation in crypto in years. Lightning can do what no other altcoin can ever dream of; unlimited transactions per second, truly instant confirmations, and all backed by high level of security. + +Lightning is going to be future of online payments. The developers deserve a lot of credit, as do the brave souls risking their Bitcoin to trailblaze this new network. Great work everybody. + +On a side note. It's funny how throughout November and December, despite all the FUD about Lightning being "vaporware", segwit adoption stalling, blockchain congestion, and sky high fees, we saw unprecedented price growth, up to $20k. + +Meanwhile, now that the congestion is gone, fees are down to pennies, segwit adoption has increased, and Lightning is here and growing fast, we see falling prices. + +This market is extremely irrational. Hodl on tight. It's a good sign when devs are quietly making amazing progress amidst price drops. It's just setting us up for the next big bull run. +Like it or not you are basically gambling when you invest in Bitcoin. Not because it's a 'bubble' or because it is or isn't awesome but because the price has a huge amount of speculation built in to it. Don't be deluded in to thinking you will definitely get a return. +Just imagine millions of apes transferring their collective billions in GME winnings to a GME bank for them to leverage and change the fucking planet. I sure as hell don't want a dime of my winnings sitting in a savings account or with any of these corrupt brokers after MOASS. + +Disclaimer: I don't know shit about fuck when it comes to crypto / decentralized banking or if they would even allow for anything close to a traditional bank model, re: leverage, but goddamn even if it was a 100% traditional GME bank, I would rather all of my accounts work to the benefit of RC's vision than sit in the corrupt no-interest-earning bowels of bitchass Bank of America. + +&#x200B; + +Tits jacked since Jan '21. Hodl-ing my 5xx to the moon, see you tomorrow (Tuesday morning). +How many contracts maximum are you able to take on a 30k account? + +What's your experience trading with this size? + +What is your largest gain and how many contracts do you usually take? + +This post is only for information, I am looking to fund my account but I would like to hear from other traders experience. +Hi PF! + + + +In November last year, I decided that I would take extended time off work to spend time with my long distance (Transpacific) SO in California. I preferred unpaid leave because I believed it’d improve my chances with US Border Control (demonstrate intent to return home), and also since I would rather keep a bird on hand and my options open. + + + +I managed to pull it off without burning a hole in my pocket, so maybe PF will enjoy my tale (all figures in USD)! + + + +**Phase 1: Laying the Groundwork (aka, research and negotiate)** + +I’d been working in a fairly large organization, where extended unpaid leave was rare, but did happen. There were no HR guidelines or formal process, so I dug around, speaking to people from HR, people who knew people who tried taking time off. I found out that taking time off “to accompany a spouse overseas on temporary assignment” had a high-hit-rate while bearing the closest resemblance to my own reasons. I also knew that I had some leverage including being generally high performing (and since HR was measured on negative attrition, they had a vested interest in keeping me from leaving). + +So I made my request sound as close as I could to the proven narrative, while remaining factually accurate (in effect making it seem that my SO and I may be closer to getting married than we actually are). I also reiterated that I desired to stay and grow with the organization in the long term, but it was also balancing this intent against the shorter-term exigencies of being long distance with my SO (hinting that I would consider resigning as a last resort). + +The process of getting support involved multiple conversations with supervisors and bosses, HR and higher levels of HR. It took weeks for me to get the approvals, and many more weeks to lock down an actual period and start date. + +In the meantime, I read up on long-term visa options for the US, horror stories about US border control, etc. Alas, my visa bid for a longer-term (6 mth) visa was not granted (embassy staff said I would need to be visiting my family / spouse to qualify), which sent a $200 processing fee down the drain ☹. My only option was to enter the US on an ESTA, which meant staying 90 days at a time, and managing the risk of being denied entry by border control in subsequent visits. + + + +**Phase 2: Making a Plan (aka budget like crazy)** + +With a date in clearer sight, I was starting to crap my pants, because holy shit this is happening. I’d never been one for very detailed budgeting and tracking, but I knew this would be an expensive year, with only 4+ months of guaranteed income. On the upside, generally healthy PF habits have left me with no debt, an emergency fund, some money set aside for retirement/investments, and some liquid savings in various high-interest savings accounts. My financial goal was to make it through the year without drawing down on my savings. + +This was how I saw my financial situation: + +***Guaranteed income for 2016***: ~$24,000 (4.5 months salary + bonuses from work last year) + +***Budget for 2016***: $23,450 + +***Lumpy Expenses (Annual Budget)*** + +- Flights & Related Costs: $4200 (2x long haul return flights) + +- Healthcare: $500 + +- Clothes: $350 + +- Personal Care & Hobbies: $800 + +- Gifts: $500 + +- Income Tax: $1000 (my tax is billed after year of assessment) + +- Emergency Fund / Contingency: $2000 + + +***Recurring Expenses*** + +- Accommodation in the US: $500/mth, 6 mths [SO said I shouldn’t pay for accommodation, but I decided to budget for it anyway] + +- US Phone Line: $30/mth, 6 mths + +- Rent & Phone (Home): $600/mth, 12 mths + +- Food: $200/mth + +- Transport: $60/mth + +- Entertainment: $50/mth + + + +**Phase 3: Hitting the Tracks (pun intended)** + +To keep track of my finances, I started an excel workbook with the following itemized and categorized spreadsheets: + +- expenditures + +- income + +- holdings + + +The data from these spreadsheets were summarized and consolidated into a overview page which provided a month by month breakdown of my expenditures, incomes, holdings, tracked my cumulative savings/debt for the year, and gave a rough sense of my overall net worth. + + + +**The Result** + +***Actual Income for 2016***: $35000 (and ~$4000+ expected in December) + +***Actual Budget for 2016*** (extrapolated from 10+ mths actuals): $24,200 + +***Lumpy Expenses (Total for the year)*** + +- Flights & Related Costs: $4500 *(+300 from budget)* + +- Healthcare: $900 *(+400 from budget)* + +- Clothes: $1300 *(+~1000 from budget)* + +- Personal Care & Hobbies: $1500 *(+700 from budget)* + +- Gifts: $1000 *(+500 from budget)* + +- Income Tax: $1200 *(+200 from budget)* + +- Contingency Money: $100 + + +***Recurring Expenses*** + +- Accommodation in the US: ~$500/mth, 6 mths *(no change)* + +- US Phone Line: $35/mth, 6 mths *(slightly more than budget)* + +- Rent & Phone (Home): $600/mth, 12 mths *(no change)* + +- Food: $175/mth *(slightly less than budget)* + +- Transport: $55/mth *(slightly less than budget)* + +- Entertainment: $40/mth *(slightly less than budget)* + +I ended up keeping fairly close to budget, but splurged a little on some of my discretionary spend, particularly doing some travelling within the US, shopping for cold wear, work clothes, and high quality clothes/shoes for camping, and because I got into gardening. + +In our initial plan, my SO insisted that I should not pay for accommodation, but I had budgeted for it anyway. Along the way, some crazy shit happened but in short his mum became flat broke and homeless, moved into the half of his duplex that was meant for rental out. She stayed rent free and borrowed money. He didn’t want to burden me since I was technically unemployed, so I ended up squirreling money to him through a seemingly neverending stash of cash I had in the house. I also spent less on food, transport and entertainment than expected since we spent a lot of time cooking, cuddling and watching Netflix. + +On the income front, I ended up earning more than projected in part because I didn’t count on returning to work immediately after my break, and also from the following: + +- taking up illustration commissions (~$2,000) + +- interest and dividends (~$2,000) + +- nice relatives who were worried I might run out of money and stuffed me bunches of cash (~$1,000) + +- more bonus than I expected (~$2000) + +- selling stuff (~$200) + + + +**Random things I learnt along the way** + +- Manually keying in expenditures definitely made me a lot more mindful of my spending, and think twice about splurging on things I don’t need. I highly recommend it! + +- Being prepared goes a long way. On my second leg back into the US, the border control officer held me back for a bit since I’d just spent 90 days in the US fairly recently (I buffered 2.5 weeks before returning). But when I whipped out my binder with documentation for every visa guideline (ESTA, flight tickets, travel insurance, employment letter back home, approval of leave dates, last performance appraisal, latest statements of all my savings, retirement and investment accounts, and pictures with my SO, etc.) he was like whoa, ok. I guess you did your homework, and he let me through pretty much immediately. + +- It’s 100% worth spending on items of good quality. During the trip, I got a pair of very good, very waterproof hiking boots ($70, on sale!), and it feels amazing waddling through streams without having to worry about my feet getting wet! + +- Plan using only your guaranteed income, and budget with contingency in the picture. Living the plan gets a lot less stressful when any additional income becomes a bonus, while unexpected emergency expenses are soaked up by your contingency budget. + +- Looking for work in the US is really hard! I tried testing the waters and sent out my resume, customized cover letters, etc. to maybe 50 companies. Most didn’t reply, some rejected me, and I got a grand total of two (informal) interviews from companies that weren’t actually keen to consider me at all (cause of visa), but thought my CV was interesting enough to meet me. Welp! + +- It feels pretty damn good to be on the airline priority list. It is an inexplicable joy exiting a long haul flight and seeing your luggage be one of the first out on the belt. If you fly often, don’t forget to sign up on a frequent fliers program and be sure to claim your miles. + +- Sometimes life sucks and you just have to deal with it. ☹ Prior to my rejection at the US Embassy, I had tried calling them, and emailing them to clarify the visa eligibility and guidelines specific to my situation, but they gave unhelpful and non-committal replies that neither affirmed nor denied my eligibility, and stated that I should make an appointment with a visa officer who could better assess my request. Unfortunately the Embassy is not like a place where you can call in to demand that they process a refund / fee waiver. + + + +**TL;DR**: I took six months off work to spend time with my long distance SO in the US. The goal was to be budget neutral this year. I made it through with net savings of $10,000, while picking up new hobbies (gardening), great experiences in the American outdoors, and some pretty cool learning points relating to budgeting, planning, employment, immigration and being prepared in general. + + +*edited for formatting* + +EDIT: + +Holy crap, i woke up this morning and my inbox was totally flooded. I've been responding to comments, but am back home from work and can do a proper update. + + +1) Several of you asked if some of the things I did were legal. I clarified this in some of my responses. Basically, I did my best to research as much as possible, keep within the legal limits of what my visa type allowed me to do, and err on the side of caution when in doubt. For instance, taking on commissions only in my home country, keeping most job hunting activities outside of the US, and returning home with some buffer during the course of 6 months so I did not overstay. When in the US, I didn't work, but I did try a bit to fish around for possible future work opportunities. As I definitely did not wish to run afoul of immigration policy, I kept any job-related enquiries general, informal and exploratory, while caveating my emails / letters with my visa situation and how I was open to exiting and entering the country on a different visa if they would sponsor me on a valid employment visa. + +2) Some were curious as to how I eventually tracked my budgets and 'kept to plan'. There's a lot of very personal information in my 2016 sheet that I don't feel comfortable sharing, but here's a cleaned up version of the spreadsheet I made, with some placeholder info in each of the tabs to show how it works. The overview page is automatically populated by subsequent spreadsheets [Spreadsheet here](https://drive.google.com/open?id=1uuyj3JQrkj-wWdOz6VOzvE5sLGBHrcRrTN_RFU1LlHo) + +3) A few mentioned that you are in a similar long distance relationship with someone in a different country, and would like to do something similar in future. I thought that you might find a cleaned up version of my projection spreadsheet, with placeholder information useful, though you may need some excel knowledge to customise it for your specific purpose. [projection template here](https://drive.google.com/open?id=1X6ThpIFXEfo-kB0iob_Xiq4U3K5NBl9Z7xwHdg-Pe1Q). + +4) Yes, I am still with my SO. We're back to being long distance, but are very happy with each other. + +5) Feel free to ask more about the spreadsheets, or use / adapt them. Do be kind.These were not designed to be templates for general use, and are certainly not the most intuitive or user friendly sheets out there. +With the turmoil in the US, my family and I are strongly considering hedging our citizenship and getting dual citizenship with the EU. The Portuguese visa seems like the best way to do so as a non resident. Has anybody here actually used the golden visa for EU citizenship(or for the lawyers in the subreddit, helped someone do it)? If so, how was the process? Are there any guarantees that you’ll be approved for citizenship if you pass the language test and maintain your investment, or can it still be rejected? +I just feel like giving up. I haven't really felt good in a long time. For several months, I've been working, trying to convince myself that I'm all good but all my efforts ended in failure. I keep trying to learn from my mistakes but its like as if I'm just unable to succeed. + +For months, I've been consoling myself, telling myself, " It will get better, it will get better" and it does occasionally, only for things to turn around and become much worse. + +My business venture just crashed. My parents owe debts of over $$100,000. My family hasn't known financial security for ages. I don't feel good when I go home because I often hear my mum lament about her predicament. Covid struck and cut off whatever lifeline she had in her jobs so she's been almost unemployed. My dad doesn't talk about it but you can see the torment on his face. + +As I speak, I am at the lowest point in my life because finally all my walls have crumbled and crashed down on me. + +I live in Uganda and I am studying ACCA but my folks can't even make the fees to pay for my studies in time. I have no social life. I last talked ro my friends over 6 months back because I have no interest to keep up with them. All my interest has been in helping my family and I out of our messed up situation. + +I can confidently say that it's only by the grace of God that we've been able to get by. When I was in high school, I used to find solace in my away from home for over 9 months of the year but that escape is no longer available. All I have is torment after torment. + +My appetite for food is hardly there. I eat but I don't enjoy the food. It's like everything has turned to ashes right before my eyes over the course of these many years. + +I know that I am empty but even in all this torment and anguish, I want to keep putting one step in front of the other for the sake of my parents. I just don't know how. I have no money at all. I am dependent upon my siblings. I don't even have at least 1000 dollars to get me up and running on the other money making ideas I have. + +If this is what emptiness feels like, then I look forward to the feeling of wholeness. + +If you have any suggestions for me as well as advice, please tell me. +You can have multiple post office boxes in other towns, unique usernames, unique single use emails, strong passwords, even a phone password set up. But none of that matters if the phone rep doesn't go through or isn't required to go through all the protocols. In spite of having a verbal password, fraud alerts, etc set up on my account someone was still able to talk their way into changing the phone number, address and email on my account. They were then able to reset the password. Luckily I have alerts turned on so I was able to react IMMEDIATELY and lock the accounts. It still took literally THREE HOURS of phone calls, being transferred, talking to representatives, etc to get it all back "secured" and even then I'm still not convinced the scammer will be thwarted in the future. All the identity theft/bank info focuses on what you the individual must do to secure accounts but in reality it's the financial institution that's the weak link. Someone's credit card number or birth date or mother's maiden name ARE NOT SECURE pieces of information!!! + +&#x200B; + +And even though they claim phone calls are recorded, apparently there's no way to get a human to actual review the recording or any information about where the security hole is to plug it. + +&#x200B; + +There's also no way to escalate or call attention to the issue beyond them just resetting the accounts and sending replacement cards. Even though chase spent 600 billon on cybersecurity apparently none of that went to training the phone representatives not to just change information online. You can't lock the account so any changes need to be done in person and show ID. I can't believe in 2021 my financial well being still is dependent on someone knowing my zip code and birthdate. + +&#x200B; + +And (thankfully) since I stopped them before any money was taken, it's not a priority for them because there's no financial loss. + +&#x200B; + +I'm at a total loss what to do other than give up all my credit and credit history I've built up over my life. I feel defeated. + +&#x200B; + +Posting this so people are aware that the vulnerability might not be on their side and also in case anyone has advice for what more I could do. (Although I'm literally beside myself on what other protocols I could put into place.) It's SHOCKING how much information phone reps give away. When calling AmEx, they volunteered which types of cards I had AND the name of the authorized user without any verification even though I also supposedly have additional verbal password set up on that account too. + +&#x200B; + +I just wish phone support could be entirely disabled. +Last week I drew out a chart looking like this + +https://preview.redd.it/acopf56dr9m61.png?width=1184&format=png&auto=webp&s=921fe515d9d1fe8b49c7fc0ff410a016c0b3d5d6 + +Lets see the results... + +https://preview.redd.it/8odmmly13am61.png?width=1142&format=png&auto=webp&s=0860362e90fb97b8484df24335ec93dc79e259e4 + +The chart played out perfectly with the 3rd daily candle now sitting around the $260 area. The only difference is the chart has a **retarded doji** instead of a normal candlestick. This retarded doji now makes me think the squeeze potential is much higher & close to happening. Let me break it down. **The GME rocket is nearly fuelled up ready to go full retard mode.** + +We have just completed a cup & handle gap fill from a gamma squeeze which is why the stock has pushed up this week, however the stock has the ability to push a lot further before the eventual short squeeze. This is due to **IV** (implied volatility). For instance, let's say GME increased from $260 to $269, that would be a 9 dollar difference with a 3.4% increase. Now let's say GME was $20 and increased by the same amount of dollars to $29. It would be the same dollar difference but with a 45% increase in share price this time. This is the exact reason why the gamma squeeze in January was unsustainable and died down quickly because it had a low IV. It went all the way from around $15 to $450 in a quick space of time which the stock itself couldn't handle. Now that GME has had a steady increase to $260 per share, it has a much higher IV & will be able to sustain a $450 price tag without crashing down as it would only be a 73% increase. It's crucial that GME sustains this gradual increase in share price so it can increase it's IV and have the ability to go to **$69420 per share** from a technical point of view. + +**Why the stock was heavily attacked today & what the stock needs to do to go to $69420 per share and why it WILL** + +We established that GME had enough IV to go from $15 to $450 for a brief period of time, that's a 3000% increase. That means that if GME can slowly get to $2314 per share, this will be the launch pad for GME to increase by 3000% to go to $69420 per share. To go to $2314 from where it's at now at $265, that's only an 873% increase which is much less than the 3000% increase in January. A crucial point was when the stock recently ran up from $40 to consolidating at $120, this is CRUCIAL as the fact the stock didn't crash back down means that the 300% increase is sustainable for the IV. Using this calculation I can concur that in order for GME to get to $2314 per share & stay there, it needs to slowly run up to $772 per share so it can increase by 300% to get to $2314 and be a sustainable launch pad to $69420. This is why the hedge funds short attacked the stock today with all they could as they realised this and are scared shitless. + +If a low IV causes a major move to the upside to crash back down, that means that a major move to the DOWNSIDE will cause the stock to go UP. This is why hedge funds are truly FUCKED because this was their only opportunity to try & trigger a sell off to cover at a low price and they could only get it down to $180. They still haven't covered yet. What they have done now is actually increase the IV of the stock with the retarded doji and now it may be EVEN easier to get to $69420. **If you see another sharp drop again due to a short attack it is nothing to fear, I am only talking about how GME needs a steady uprise, it doesn't matter if it has sharp dips, they only make it easier for the stock to rise quicker.** + +***I have to say it's very dirty what the hedge funds tried to do today... make the stock tank 40% then put out pre written articles about the tank to scare people into selling. That is not only chart manipulation but a malicious attack directly towards the company and it's shareholders who just like the stock & weren't ready for a 40% loss on their investment. It's not the shareholder's fault that hedge funds naked shorted a stock over 100%, that's a conscious decision they made themselves to do & turned out to be a bad one. It shouldn't be the reason why honest shareholder's saw an unprecedented 40% loss on their investment today.*** + +**TL;DR** I like the stock & it's fundamentals, I think it's a great company. They generated over 6B revenue before the pandemic and are now transforming their business model into e-commerce. I believe they will become one of the world's leading gaming companies. I am very bullish on GME. I like the stock. It seems to have a lot of respect from the public who also like the stock & the company. I believe the entry point of $269 per share is a great long term hold, the short squeeze is just another attraction & interesting to see & analyse + +This is not financial advice, I am just a retard who did some math and came up with random numbers +2021 was a great year for majority of the market, most of the cryptocurrencies pumped alot. Some even did 100x and still pumping to this day. There were some disappointing coins as well which had many expectations but failed. Then there were some coins/tokens which literally didn't pump on it's own but got dragged upward by BTC pump. So which coin you are or were holding that you have no hope for it's future. Mention the reasons so it helps others to make their own decision. Also I would like to know what made you invest in that project. +Hi everyone, bob here. + +I have been getting a lot of questions about what's going on and what to expect with the DOOMPs expiring on 1/21/2022. As stated before, I believe these to be the unraveling of the variance swaps that u/zinko83 wrote about, and I referenced in my c[ompendium DD part deux](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3). + +**Also, from here on out, I will be dual posting my DD over to another sub (check my profile pined posts). And posting here for visibility as well.** + +If you want more explanation on this theory of them changing the game during the sneeze and how options play a major role now (and likely before the sneeze), [check out this gem I wrote DD about 6 months ago..](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/?utm_medium=android_app&utm_source=share) but be sure to ignore the bit about T+21, as I now believe it to be a nothingburger and just an observation of the rough timing of the C35 closeouts. + +https://preview.redd.it/xye3dz2yuod81.png?width=2302&format=png&auto=webp&s=0c455f34e09a72e1ba594a3cc5c853638c1b56f7 + +These expirations of large options interest seem to have a direct correlation with price pikes ALL GODDAMN YEAR. To calculate this, take the expiration with large DOOMP interest, add T+2+35c (see [compendium DD](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3)for how to calculate this). + +**Here's the tracking data in case you want to see it for yourself:** + +https://preview.redd.it/q6dvz5dc9pd81.png?width=2585&format=png&auto=webp&s=243c6f4a017eb0f267cb527d1021027677c4a9a5 + +[Source sheet, options analysis tab](https://docs.google.com/spreadsheets/d/1GidBv-fykqRih6WfbkEceJgGS1ybE2ZdPNn5ROG26Kc/edit?usp=sharing) + +This is not to say this is the only thing moving the price. You can see other things at play - even today (and through the 25th) you will likely see FTDs hitting in accordance with u/gherkinit's cycles theory and the aggressive shorting they did to get us under GEX. + +**TADR**: + +Watch DOOMP, expiration, they seem to correlate on spikes for T+2+35c. Other things move the price too, and FTD cycle is upon us! **Jacked!** + +Adding this from the comments, credit to u/arikah + + + +>**Too Ape for TADR you smooths:** +> +>On every major Deep Out Of The Money Put expiry date, where the shorties have stashed hundreds of thousands of Puts representing millions of shares of exposure for their variance swap game, nothing happens. HOWEVER, T+2+C35 later (count two business days from expiry then add 35 days regardless of weekends), there is sudden strong upwards price movement, usually in the morning. This has happened on 3 past large expiry cycles and there is no reason to believe that it won't happen again, soon (around Feb 28/Mar01 2022). +> +>This Feb, they have to deal with *two* large cycles in a short time frame, on top of whatever is due in Jan. Option prices are stupid high with jacked IV because the market *knows* something is going to happen soon. Many people have been tracking this stuff for months, myself included, and it's as good of a bet as any out there, maybe even as good as MOASS. +> +>It might not lead directly to MOASS, but if you're confident enough in options (or just a fucking degenerate) then that first week of March looks pretty good. + +&#x200B; +Bitcoin Does not need the approval of billionaires to be relevant. +If you are here only for this kind of news and articles. So that you can day trade your 1k dollars. +you should not be here. + +Please stop posting Jack Dorsey did this, or an elongated muskrat did that. These men are scammers and do not care a bout you at all. + +Billionaires on the internet will not help you stack sats or take custody of your private keys. +Billionaires on the internet will not give you correct or timely information that will help you. +Billionaires on the internet are not your friends and do not care a bout you at all. + +Jack Dorsey actively bans bans people for mean words. +You want this guy as the voice of bitcoin? Then it is a matter of time be for your transactions are banned as well. or the majority of users are convinced being censored is for there own good. + +[**Elon Musk**@elonmusk](https://twitter.com/elonmusk)·[Apr 19, 2019](https://twitter.com/elonmusk/status/1119093220544147457) My Twitter is pretty much complete nonsense at this point. +Well he was right a bout one thing. +a man whos soul profitable business model is selling California carbon credits and duping business investors. + +for the old BTC hands you need to condemn these men and there disreputable actions they are bad actors. +for the new BTC hands you need to learn how the system works and stop chasing headlines because some one name dropped your for favorite day time reality internet billionaire. + +Stack sats, HODL on, and use the laser eyes to kill every thing in the room that does not conform to the principals of bitcoin. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +# Principles of Bitcoin + +All changes and upgrades to the protocol should strive to maintain and reinforce these **Principles of Bitcoin** + +* **21 million coins.** +* **No censorship:** Nobody should be able to prevent valid txs from being confirmed. +* **Open-Source:** Bitcoin source code should always be open for anyone to read, modify, copy, share. +* **Permissionless:** No arbitrary gatekeepers should ever prevent anybody from being part of the network (user, node, miner, etc). +* **Pseudonymous:** No ID should be required to own, use Bitcoin. +* **Fungible:** All coins are equal and should be equally spendable. +* **Irreversible Transactions:** Confirmed blocks should be set in stone. Blockchain History should be immutable. +On my long road back from self-induced financial woes (as Dave Ramsey would say, I've paid A LOT of stupid tax), I made a couple of things out to be priorities. One of them that has helped me tremendously, that I know many others use, is having a "floor" number in my checking and savings accounts (i.e., a dollar amount that I will absolutely not go under, short of a catastrophic emergency). + +When I first started on the road to financial recovery about eight months ago, that number was $100, and it was really important to me. No matter what, I wouldn't spend a dime if it meant I would go under that amount. With work and time, it rose slowly: first $200, then $250, then to $500 (which was awesome), then $1,000 (which was unheard of!). This took me four months. + +In the last month, that number has climbed significantly (for this guy, anyway) because I'm doing the right things: I moved to a dirt cheap roommate situation, started using the bus almost exclusively (with Uber as an occasional treat), stopped all of my frivolous spending, picked up extra hours, took every labor gig I could find on Craigslist, etc. My number amazingly hit $2,000 today! + +I can't believe I made it to that point. Rent is paid for the month, there's food in the fridge, all of my other bills are accounted for in the next two paychecks. + +It's been a long road......tiresome, stressful and often disappointing. But I've made it this far, and I'll keep fighting. I just really wanted to share that here, because I'm someone who lurked for a long damn time before being able to step up and try to help others. So, to those of you (who are many) that have helped in ways big and small, thank you and keep fighting! + +edit: Thanks for the love and support, people! That is exactly why I wanted to post this in the first place, to try to return some of the good vibes and encouragement I've gotten from this board and community over the last many months. You guys are the best. +When I first got into crypto trading and investing back in January, I used RH for its simplicity and Economics (free). It wasn’t until I had several thousand $ worth of crypto in it when I learned of its crummy business practices and the fact I don’t actually own the crypto. The problem I faced was that the only way to get it out was to liquidate it into USD, and transfer it to my bank, and rebuy the crypto on an exchange. I knew this process would take up to 6 business days. I was worried that in that time crypto would spike and I would lose potential gains. But I said screw it and did it anyway. Now I’m reinvested and have my ETH and BTC on Coinbase and I couldn’t be more relieved. +Hi, I just found this subreddit recently and have been browsing it with interest. + +I was hoping to find some of the Canadians among this subreddit who have experience with this. Most tax advice I've come across seem to be targeted to US people only. + +I created a company to receive payments from my job (independent contractor with a profit share agreement at a startup-type company). I hold most of my money in my corporation and pay myself (via dividends currently) just enough to pay for my personal expenses every month. + +At 25 years old, I've recently surpassed $1m CAD in my corporate investment account (at Wealthsimple). However, I know that the government starts applying penalties to business income made via passive investments after a certain point. + +At what point should I just start taking money out of the corporation and pay the personal income tax on it instead? Or do I keep it invested in my corporate account regardless of any penalties? + +I have an accountant I've asked similar questions to this previously, but I'm not sure if I understood or even remember his advice, heh. Regardless I would also like to hear Reddit's thoughts on this as well. + +Please let me know if you would like more information. + +Some proof: [https://i.imgur.com/buU1rPV.png](https://i.imgur.com/buU1rPV.png) +How many hours do they work? Do you pay them by the hour, trip? Do you choose the type of vehicle do they drive? + +What’s the cost and what are the overall benefits (yes obviously they make it easier to get around, but maybe things we don’t consider)? +So recently I applied for a "junior administrative assistant" position at a consulting firm. The job allows you to work from home, and make about 2 grand a month, working part time. So at first I thought it sounded a little fishy and was a little skeptical moving forward. I received an email saying they would like to have a phone interview and asked me to answer some quick questions (these questions were innocent just like "can you work the desired hours"). After I answered these questions, they replied with their email, phone number, address and website which all seemed to check out. The website had both the email I was communicating through, phone number I would receive the call on, and their listing on the Better business bureau. + +I just finished the phone interview which was more of them instructing me on what I would be doing and my next step is a background check which they just emailed me and asked me for my driver's license ID number, I have not replied but from past experience this seems relatively innocent and what to provide for a proper background check. + +Thank you to anyone in advanced. I am kinda desperate for a job so this position seemed golden, and a lot of it seems legit, I still have kinda a hunch just because it almost seems too good to be true. + + + +EDIT: This is the official email from them, please note I removed the name of the individual who emailed me, but not the company: + +Our company has received your resume/application for employment in response to our add on Indeed. +We would like to note that your resume has been reviewed by our HR staff. Now in order for us to move ahead in our selection process, we would like to have a One-On-One phone interview and proceed with the hiring process online. + +Sparks Consulting company is offering you the position of Junior Administrative Assistant. + +We are very pleased to hear that you are interested in finding out more about our company and our job offer. My name is X and I am the Human Resources Coordinator at Sparks Consulting. + +Job Overview: +Junior Administrative Assistant +Employment Type:Regular, Part-Time, Home Based +Job Type: Admin – Clerical +HOURS: Flexible, Part time +START DATE: Hiring this month + +Salary: +Your compensation package includes a monthly payroll of $2000 payable on a fixed date, health insurance, vacation and personal days through our company's employee benefit plan.You will also receive your bonuses daily upon the full completion of the tasks given. Bonuses will be earned daily for completing all assignments on time. The total pay range for this position is 23800 - 31200 USD per year. + +Daily duties: +Perform clerical and administrative duties to ensure effective and efficient operation of company. +Prompt and courteous customer service. +Provide general administrative assistance to all staff within your team. +Filing, scanning and copying Processing orders and running all daily reports. +Other duties as required. + +In order to be successful with these opportunities you will need the following qualities: +Excellent attention to detail. +Writing and communication skills. +Flexibility. +Can-do attitude. +Problem solving skills. +Ability to work under pressure and meet deadlines with minimum supervision. +Solutions orientated. + +As discussed you will be responsible for the administrative support function with our customers based in your city. You will report directly to me and your Phone Manager and your normal working hours are expected to be 9.00am to 1.00pm Monday to Friday or we can arrange a flexible schedule. Your starting date will be set by the end of your hiring process. There is a specific training program to undergo. You do not need a university degree to apply for this job. High school diploma is sufficient enough. + +However, you need a knowledge of basic PC program packs like Microsoft Office & Word and also you must be familiar with Internet and E-mail services. + +Now, we have a few questions for you and if you answer them with answers that suit our needs then you may consider yourself as a successful candidate! + +1) Do you have an instant access to your e-mail and your phone everyday? +2) How many days a month you are leaving your town? +3) Are you able to go out of your house and move within your area completing daily tasks during business hours? +4) Could you get 3-4 hours of free time daily during normal business hours (Monday - Friday) ? +5) Who was your most recent employer and what did that job entail? (Briefly describe your recent job role/experience?) + + +EDIT AGAIN: after posting the name of the company and website, people were able to confirm that the images used were stock photos (they did seem a little odd to me when I looked at them). Thank you to everyone who helped out! +Curious to find out what are some of the best tools for stock research and overall DD that most people are using. + +This is what I'm currently using: + +**Fintel:** [**https://fintel.io/**](https://fintel.io/) + +* Fintel is my go-to to find short interest and institutional ownership data. + +**Open Insider:** [**http://openinsider.com/**](http://openinsider.com/) + +* I've been using Open Insider to look for stacked insider buying info, cluster buys, etc. + +**SimplyWallstreet:** [**https://simplywall.st/**](https://simplywall.st/) + +* My go to for distilled fundamental analysis. The "snowflake score" feature is pretty useful for comparative data benchmarking. + +What are your go-to stock research tools? + + +EDIT: Thank you for all the resource suggestions. + +Based on the input that I've received from everyone via comments and dm's these are some additional resources and tools that everyone seems to love: + +**Trading View:** [**http://www.tradingview.com/**](http://www.tradingview.com/) + +* Best stock performance charts in the game. + + **Seeking Alpha:** [**https://seekingalpha.com/**](https://seekingalpha.com/) + +* The go-to for stock market news and content. + +**Public:** [**https://public.com/**](https://public.com/) + +* Similar to Robinhood but with much better community features. + +**Option Samurai:** [**https://optionsamurai.com/**](https://optionsamurai.com/) + +* The de-facto tool for options scanning. + +**Validea:** [**https://www.validea.com/**](https://www.validea.com/) + +* Factor-based models based on strategies from legendary investors. + + + + +I just got a text from Coinbase giving me a verification code for my account, which I didn't initiate. + +Then I got a call from "Coinbase." The guy on the line said I needed to change my password. When I told him I'd call Coinbase back, he stuttered and said, "Uh, what for? We're on the line now." I told him to scam someone else and that I was calling the FBI (lol). He called back and started with how I needed to change my password. I again told him not to call me and that I was going to contact the FBI. + +I don't use Coinbase anymore (don't really dabble in cryptocurrency anymore), but I changed my password (online, not over the phone) anyway.If someone calls asking for sensitive information, tell them you'll call the company back and give it to them then. YOU be in control of the call, not them. Just wanted to give everyone a heads up! + + + +Edit: Apparently, the number that called me \[(888) 908-7930\] IS from Coinbase, according to an article posted by u/[obavijest](https://www.reddit.com/user/obavijest) ([https://blog.coinbase.com/announcing-coinbase-phone-support-1-888-908-7930-5a7c8385b47d?gi=58c3bc37c002](https://blog.coinbase.com/announcing-coinbase-phone-support-1-888-908-7930-5a7c8385b47d?gi=58c3bc37c002)). Still not sure why THEY would call ME, especially since I haven’t used them in over a month. He was specifically calling about changing my password, and after the 2nd time I picked up, he told me to click the link in my email. I find it suspicious that he wasn’t okay with me calling them back, and to click a link in my email. + +Edit 2: yes, I know number can be spoofed to look like the real thing. That’s why I told them I’d call them back, didn’t give them my information, and posted this. +Having a bit of trouble with Fair Works unfair dismissal process regarding the above scenario. + +In Fair Works unfair dismissal quiz it states: + +\-a regular casual employee would be eligible for remedy under national unfair dismissal laws + +\-a casual employee who worked on an irregular basis would not. + +So - if a long term and regular part-time worker elects to go casual, gives new availability but the employer then does not give them any shifts, how would that pan out? + +Could they be terminated essentially by having their shifts cut, no question asked? + +Or would they be treated as a regular casual employee? +*Update: got a 10% raise with another 3.5% (of the new salary) coming in April, plus a $10k retention bonus. Not the 25-30% I was dreaming but certainly not bad for about three months on the job! Very blessed. Thanks to everyone for the encouragement and thoughts!* + +Hello all! + +Late this summer I was hired to do Project Management in an IT department composed of about 25 senior engineers for a federal contractor in Northern Virginia. I accepted what I thought was a pretty good salary but it was at the very bottom of the pay scale for that particular job. Now, just a couple of months later, the organization I work for has decided to place me in the senior-most management position in the IT department as opposed to just doing PM work. This new position brings a significant shift in my responsibility, workload, and to be honest, stress level. + +I've been informed that with the shift will come a salary renegotiation here at the end of year and I need some advice regarding how to approach the situation. I tend to undervalue myself so I'm inclined to simply ask for a small bump to the top of the pay scale for the job for which I was hired (about an 9% increase). But to be honest, the new position easily adds 25-30% more time and effort to my day, not to mention the increase in sheer responsibility. + +What should I realistically be asking for in this situation? I feel like asking for a 30% bump would be crazy but when I think about it, I feel like I could justify it. + +I know talking salary can be sensitive so feel free to DM me. Thanks! +Hi, my name is Gale. I am 21 years old with only 3,300 dollars to my name. I don't have a lot of money as I spent most of it on games and things I don't need. (Regret that haunts me, as I have bad impulse control.) +I want to do well and be able to afford to go to school and figure out what I would like to do for a career, but at the same time, I'm worried I may just not have the money to really do it. I work at waffle-house as the kind of "jack of all trades" to try and save money through the summer for school, but doubt lingers that I may have ruined my future life. +Am I doomed, or is there still hope? +For me, and other people here, I think Intel is an obvious longterm buy and its valuation reasonably offsets the risks involved. I feel like I am not considering something that other people are. I know that its new factories can fall behind schedule, there is competition from companies like AMD, and the industry is cyclical. But even with these concerns, the valuation seems to more than offset this. + +What company do you think is so obviously undervalued, that you think you are missing some risk factor or other consideration? +The idea is not a tax as a source of revenue, albeit that would help. It is a tax to dissuade multiple stock transactions. Let us digress a moment and think of the origin of the stock market. + +The original intent of the stock market was to raise capital for a business. An IPO (initial public offering) was a means for a company with a great business idea, whether a service or a product, to raise vast sums of money for purchasing of equipment and setting up an expansion of the current infrastructure. The Stock market was also a way of supporting the physical business itself, allowing those with even a single stock to speak at shareholders meetings to persuade powers that be in their direction and share in the profits of the company. + +Day trading performs no overall value to a business. In fact it hurts a business by ensuring that CEOs performance is based on purely profits, and not aiding society or even performing basic business functions. Numerous business expansions or inefficiency write-offs are post-poned due to "poor quarterly results" instead of doing what is good business sense and biting the bullet when it makes sense to do it. Day trading is the parasite on the system that allows a CEO take the oath "My ultimate duty is to my shareholders wallets" which IMO is the ultimate flaw with the corporatist agenda. + +Taxing each stock market trade should curb overall trading and encourage holding onto a stock. This lower volume trading should ensure a less volatile market and allow better business to transpire. + +I know it shouldn't be this simple, but does this idea have any possibility or is it too simple? I know more taxing does not solve a problem, but is there another solution to motivating CEOs/shareholders? + + +My dad is 58 and worked at his company for 36 years (30 years as a machine operator and 6 years as a shipping/receiving operator). His company will be closing and moving 2 hours away. + +He has 4 years left on his mortgage. He only has a high school education and he's not the best with technology. I don't know how willing companies will be to hire a 58 year old, who's only had 1 job. And it's probably too early for retirement. What are his best options? Thanks in advance +Fellow Bettors, if you understand options, move on. + +First, proud of this community and all the giving it did yesterday. Truly phenomenal. + +I've noticed a lot of people on this sub legitimately don't know what options are or what they do. This is incredibly concerning, how are we going to get to the moon if we don't know how to build a rocket. As such, I've decided to write a quick reference options guide to help some of the newer, younger, or less experienced traders as a Christmas present to the sub. If you know what options are, move on. I'm going to try and make this as short and sweet as possible. A reference guide. + +As much as we all like loss porn, I like seeing gain porn way more and hate the thought of people losing life savings/tuition money/inheritance because they come to the sub and don't know anything about options but see a ticker with rocket ships and buy a 0 DTE 30% out of the money call with everything they have. Gotta know how to play blackjack to sit at the table. + +Depending on feedback, I may write a few more. If I get told to fuck off I completely understand, but if some people learn some stuff then I'll continue. I will be using $MSFT as my example. + +* What are options? + * The Basics/Buying vs. Selling Options + * The Money + * Calls Explained + * Buying Calls + * Selling Naked Calls + * Puts Explained + * Buying Puts + * Selling Naked Puts +* Options Pricing + * Intrinsic Value + * Extrinsic Value +* Do I Have to Hold to Expiration? +* The Details +* The Greeks +* Helpful Links + +**Options Explained** + +***The Basics*** + +Buying an option **gives you the right** to buy (call) or sell (put) 100 shares of a stock at a specific price (strike price) on or before the expiration date (European options are specifically on the expiration date). Buying calls is bullish, buying puts is bearish. To buy an option you are going to pay a premium as the other party will be accepting risk with the trade (premium explained more later). + +* If you believe a stock is going to go up past a certain price on or before a certain day, you buy calls. +* If you believe a stock will go down past a certain price on or before a certain day, you buy puts. + +Selling an option **obligates** you to buy (put) or sell (call) 100 shares of a stock at the strike price on or before the expiration date, really whenever the buyer wants to exercise the option. + +* If you believe a stock is going to trade sideways or drop in price, you sell calls. +* If you believe a stock is going to trade sideways or raise in price, you sell puts. + +***The Money*** + +For Calls: + +* At the Money - A call with a strike price equal to the current stock price +* In the Money - A call with a strike price BELOW the current stock price, can immediately be exercised +* Out of the Money - A call with a strike price ABOVE the current stock price. The stock MUST rise to or above the strike price to be exercised. + +For Puts: + +* At the Money - A put with a strike price equal to the current stock price +* In the Money - A put with a strike price ABOVE the current stock price, can immediately be exercised +* Out of the Money - A put with a strike price BELOW the current strike price, must fall to or below the strike price to be exercised + +***Calls Explained*** + +Buying calls is a bullish strategy and the most popular on this sub, and thus will be covered first. I will be using $MSFT as my example stock. $MSFT is currently trading at $215.17 and I believe that the sale of the new XBox around Christmas time will increase the stock price to $230.0 by Christmas. I would buy a call. I decide to look at the Dec. 31 options which you can see below. + +[Figure 1](https://preview.redd.it/v1li3ko65u161.png?width=1155&format=png&auto=webp&s=10f4953ae3048e58bca84001d3caa2be444b0189) + +This is Robinhood on a computer. At the top you can see what each thing is which is explained below. + +* Strike Price - The price the stock has to rise above to be exercised +* Break Even - The price the stock has to rise above to not lose money +* To Break Even - Percent change in the stock required to break even +* % Change - Daily change in option price in percent +* Change - Daily change in option price in dollars +* Price - Price of the option + +In the above example: + +* $215 Strike Price - In the Money, could be immediately exercised, but the buyer/exerciser would experience a loss +* $217.5 Strike Price - Out of the Money, could NOT be immediately exercised. + +The Break Even point is always higher than the strike price for calls as you are paying someone to accept risk. This can be calculated by taking the strike price and adding the premium paid for the option. For the 12/31 $230, $230.0 + $1.67 = $231.67. The option CAN BE EXERCISED BELOW THE BREAK EVEN FOR A LOSS. + +***Buying Calls*** + +Ok, so the 12/31 $230.0 strike is what we are going to buy, that is $1.67 dollars PER share, for 100 shares, so the buyer would pay a total of $167.00 for the trade (depending on the bid - ask, explained in ***The Details*** below.) We go ahead an buy that option for a debit of $167.00. + +As the month goes on BEFORE 12/31, some things could happen: + +* $MSFT goes up, the value of the option increases and can be sold for a profit at any time +* $MSFT goes down, the value of the option decreases and can be sold for a loss at any time +* $MSFT trades sideways, which will result in the value of the option decreasing (explained in Greeks) + +On 12/31 if you still hold the option, there are a few possibilities: + +* $MSFT is above the breakeven, we'll say $240.0, you can sell the option for a profit, which would be almost entirely intrinsic value, the contract would be worth around $10.00 ($240.0 - $230.0 = $10.00). This is per share! So your profit would be: ($10.00 x 100) - ($167.0) = $833. The $167.0 is the debit paid for the contract. +* $MSFT is above the strike but below the breakeven, we'll say $231.00. The contract will be very close to break even, and throughout the day will likely fluctuate to above and below. If you are still bullish on $MSFT, this is the ONLY time I would recommend exercising the option to buy the share (AND ONLY IF YOU HAVE THE CAPITAL TO DO SO). If you are bearish or do not have the capital, your best bet would be to sell the option for a slight loss. In this case it would be around $100. **NOTE: ROBINHOOD RISK MANAGEMENT WILL AUTOMATICALLY SELL OPTIONS IF YOU DO NOT HAVE THE CAPITAL TO EXERCISE THEM AND IT IS CLOSE TO THE STRIKE ON THE DAY OF EXPIRATION.** +* $MSFT is below the strike, hold or sell to avoid max loss. Your max loss in the trade is $167 dollars, and the stock may run up towards the end of the day. If $MSFT finishes the day below the strike, the option will expire worthless. + +***Selling Naked Calls*** + +If you are neutral to bearish on $MSFT because you think the PS5 will outsell the XBox, you could sell the 12/31 $230.0C. See below. + +[Figure 2](https://preview.redd.it/d8z02ztweu161.png?width=1145&format=png&auto=webp&s=38aef118e5984f02c90185de2e5cc9855c73a4e3) + +Notice "To Break Even" turns into "Chance of Profit." This is a calculation using the Greeks of your odds of coming out on top in this trade. You sell this call. This would mean you would be CREDITED with $167 dollars initially. As the month goes on, if $MSFT goes up in value, you will begin to lose money on the trade, and if you desired to close the trade you would have to Buy to Close, meaning you payed more for the option then you sold it for. If $MSFT trades sideways or decreases in value, the options contract will decrease and you can Buy to Close the call at a lower price than what you paid for it or just let it expire worthless on 12/31. + +**SELLING NAKED CALLS CAN BE VERY RISKY.** If you sell the call, and $MSFT shoots up the next day to $240.0, the buyer of your contract can immediately exercise the call. This means that you as the seller are OBLIGATED to sell them 100 shares of $MSFT at $230. What happens if you don't have them? You have to buy them at the current market price. So $240.0 x 100 = $24,000. You would then sell them for $230.0: $23,000. Your max loss on the trade will be $24,000 - $23,000 -$167.0 = $833. And that is only if the price goes to $240.0. If the price at expiration is $250, your max loss would be $1,833. For every $10 increase in underlying, the max loss increases $1,000. To avoid this and collect premium you can sell covered calls, to be discussed later. + +***Puts Explained*** + +Buying puts is a bearish strategy and the second most popular on this sub. $MSFT is still $215.17, and I believe the new XBox sucks. I think the stock will fall to $205.0 on or before 12/31. Below are 12/31 puts. + +[Figure 3](https://preview.redd.it/svbfbulzcu161.png?width=1149&format=png&auto=webp&s=41e389a6b8a77e1b71c189615a6fb9acbee41553) + +None of the metrics change, except for what is in and out of the money. + +* $217.5 - In the Money, can immediately be exercised, but the buyer/exerciser would experience a loss +* $215 - Out of the Money, cannot immediately be exercised + +***Buying Puts*** + +The 12/31 $210.0 strike is what we are going to buy, so that is $3.58 for 100 shares, so if purchased and filled this would cost us $358.0 dollars. Note this is much more expensive than the $230.0 call, this is a result of the strike price being much closer to the current stock price. + +As the month goes on BEFORE 12/31, some things could happen: + +* $MSFT goes down, the value of the option increases and can be sold for a profit at any time +* $MSFT goes up, the value of the option decreases and can be sold for a loss at any time +* $MSFT trades sideways, which will result in the value of the option decreasing + +On 12/31 if you still hold the option, there are a few possibilities: + +* $MSFT is below the breakeven, we'll say $200.0, you can sell the option for a profit, which would be almost entirely intrinsic value, worth around ($10.00). ($210.0 - $200.0 = $10.00) Again, per share, minus the debit, would again get us around $642. Notice how this trades profit was lower with the same difference in strike price to underlying price on expiration. That is because the premium we paid for this trade was higher. +* $MSFT is below the strike price but above the breakeven, we'll say $207.0. The contract will very throughout the day, and unless you have the capital to exercise Robinhood risk management will likely sell the thing whether you like it or not. +* $MSFT is above the strike price, you can sell to minimize profit OR hold until it expires worthless. + +***Selling Naked Puts*** + +If you are neutral to bullish on $MSFT because you think the XBox will be meh, you could sell the 12/31 $210.0P. This means you would be credited with $3.58. If $MSFT decreases in value, the option price will increase in value, and you will lose money on the trade. You can hold to expiration or Buy to Close at any time for a loss. If $MSFT trades sideways or increases in value, the option will decrease in value, and you can Buy to Close for a profit at any time. + +**THE SAME RISK APPLIES TO SELLING NAKED PUTS AS NAKED CALLS, BUT IS "CAPPED" AS A STOCK CANNOT GO BELOW ZERO.** + +***Options Pricing*** + +The price of an option has two different parts, intrinsic and extrinsic value. + +* Intrinsic Value = |Current Price - Strike Price| + * An Out of the Money option has no Intrinsic Value + * An In the Money Option has an Intrinsic Value equal to the difference in stock price and strike price. + * Example: $MSFT price: $215.17. For the 12/31 $212.5C, this option has an Intrinsic Value of $2.67 for each share, or $267. BUT you can see in Figure 1 it is $7.30, or $730 dollars to buy. That is where extrinsic value comes into play +* Extrinsic Value + * Effected by theta and implied volatility + * Can be calculated by Extrinsic Value = Option Price - Intrinsic Value + * Theta + * The more time an option has to expiration, the higher it is priced. This is because the underlying stock ($MSFT) has more time to move. + * The theta curve accelerates around the 45 day mark, see the figure below. You can see that as an option gets closer to its expiration it will lose value, regardless of if it is in or out of the money IT WILL DEPRECIATE + +https://preview.redd.it/knprhfu1iu161.png?width=1094&format=png&auto=webp&s=80a6189eafe6f7fb8662cf5cd467d2c9b588af9d + +* Implied Volatility - a lot of math goes into this one, but its essentially how much a stock is likely to move during a give amount of time + * Steady stocks, like $KO, tend to have lower IV. + * High growth stock or stocks that move a lot have higher IV. + * The IV OF EACH OPTION will be different depending on expiration date, how far In or Out of the Money the stock is, and the movement of the underlying. + * IV Crush - this occurs often after earnings and results from volatility decreasing. Even with no movement in the price of the underlying an options price can be cut in half if the volatility drastically decreases, decreasing the extrinsic value. BE CAREFUL IF YOU HOLD OPTIONS OVER A STOCKS EARNINGS. + +***Do I Have to Hold to Expiration?*** + +Lets say we buy the $MSFT 12/31 $230.0C. Do we have to wait until December 31? No. If the underlying increases to lets say $225.0 by next Friday, 12/4, we could sell the option for likely a pretty good profit. We payed $1.67 for the contract, but the price of the Call may increase to $3.67, so we could Sell to Close for a $200 profit, allowing us to move on to another trade. But as we approach the strike delta increases and therefore may be worth holding. The break even information is only if you intend to hold the call to expiration and profit from exercising and then immediately selling the shares back into the market. Due to time and market craziness, I recommend taking profit from the option itself rather than exercising and using the shares. + +***The Details*** + +Going back to our out of the money 12/31 $230.0C on $MSFT, if you select the option, you will open up the details surrounding that option. This can be seen below. + +&#x200B; + +https://preview.redd.it/9jybsf99ju161.png?width=1156&format=png&auto=webp&s=28414c66b7307b4d47e6841693976f068c0af774 + +This explains more about the option and can explain why it is priced the way it is. From left to right. + +* Bid - Highest price a person is willing to pay for the option and the amount of options asking to be bought at that price +* Ask - Lowest price a person is willing to sell the option and the amount of options offered to be sold at that price +* Mark - Often in between the Bid and Ask, what you see on the main options tree +* Previous Close - The price of the most recent option sold +* High - Highest price paid during the trading day for the option +* Low - Lowest price paid during the trading day for the option +* Volume - number of contracts traded during the trading day +* Open Interest - number of total contracts not settled + +Bid-Ask Spread is the different between the Bid and Ask, in this case $.19. The closer the bid ask spread, the more likely you are to get an order filled. Slippage occurs as the spread moves up or down depending on if the movement of the stock. If the stock is rising rapidly and you are trying to buy a call, by the time you enter the order the Bid-Ask Spread might have moved up dramatically, and your order might not get filled. + +Open Interest is important as well. If very low open interest, Selling or Buying to close may be very difficult depending on how popular the options contract is. + +The lower the open interest and the wider the Bid-Ask Spread is, the more likely you are to get fucked by market makers. They will not be willing to meet at the mark or change their bid/ask and will expect you to do it. If they are moving millions of options a day, $.10 is a lot to them and they will profit off of it. + +***The Greeks*** + +You can see the Greeks listed above for this call. + +* Delta - how much an options price is expected to change for every $1.00 change in the underlying. Calls have positive delta, puts have negative delta. If $MSFT goes from $215.0 to $216.0, the price of the option will increase $.1691. Puts have negative delta because the options price will decrease as the stock price increases. Delta will approach 1 as the stock underlying approaches the strike and moves through the strike, causing a natural increase in intrinsic value. +* Gamma - the change in Delta for every $1.00 change in the underlying. Gamma increases as the stock approaches the strike price and can be very powerful if the underlying is near the strike. +* Theta - change in the option price for every 1 day closer to expiration. Theta increases as the option approaches the expiration date. If you hold onto the 12/31 $230C for a day it would decrease in value .06 per contract, so a total of $6. You can see how this is an options buyers Enemy. +* Vega - How the implied volatility affects the price of the option. A drop in vega will typically cause both calls and puts to lose value. Compare vega to normal levels by looking at other options of other similar underlying. Again, BE CAUTIOUS OF IV CRUSH AROUND EARNINGS. +* Rho - sensitivity to interest rates, has to do with the U.S. treasury, you have the least control over this and this arguably effects options the least. + +***Helpful Links*** + +Here are some awesome links that will help everyone get better at trading options. + +[Options Strategies | Learn To Trade Options - The Options Playbook](https://www.optionsplaybook.com/) + +[Investing with Options (robinhood.com)](https://robinhood.com/us/en/support/trading/investing-with-options/) + +[Options Trading Strategy & Education (investopedia.com)](https://www.investopedia.com/options-trading-strategy-and-education-4689661) + +I hope you find this helpful. If you made it this far I'm astonished. I hope you all make massive amounts of money and are able to beat retarded hedge funds and dumb old traders. Our generation is changing the investing game for the better, making it more accessible. + +If you have any questions, comments, or concerns, let me know or send me a message. + +Panda + +Edit 1: Corrected some small inaccuracies. Added "Do I Have to Hold to Expiration?" + + +Edit 2: Due to the overwhelming positive response I will write Part 2: Intermediate Strategies for next week to include Credit Spreads, Debit Spreads, Iron Condors, etc. Thank you all, humbled by the gifts. + +Edit 3: Corrected some small inaccuracies. Spelled 'bettor' correctly. +&#x200B; + +[EXPERIMENT - Tracking Top 10 Cryptos Of 2022 - Month One – Down -24&#37;](https://preview.redd.it/llcfnowpllj81.png?width=666&format=png&auto=webp&s=4d72f368169047684e5d86e400f26521c8984887) + +***Find the full blog post with all the tables*** [***here***](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-1/)***.*** + +Welcome to your monthly no-shill data dump: Here's the very **first monthly report for the 2022 Top Ten Experiment** featuring **BTC, ETH, BNB, SOL, ADA, USDC, XRP, LUNA, DOT, and AVAX.** + +**tl;dr** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over four years. Did the same in 2019, 2020, 2021, and 2022. ***Learn more about the history and rules of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***. Learn more about the new features in the 2022 Top Ten Experiment*** [***here***](https://toptencryptoindexfund.com/announcing-top-10-2022/)***.*** +* Snapshots taken on the 1st of each month. +* **January Highlights:** Bloody month, all in red except the stable. +* **New features:** easy +11% on **USDC** and [**TCAP**](https://cryptex.finance/) takes the first round in my friendly TCAP vs. Top Ten comparison +* **2018+2019+2020+2021+2022 Combined Top Ten Portfolios are returning 224%.** + +## Month One – Down -24% + +https://preview.redd.it/qvj2yi1jmlj81.jpg?width=1048&format=pjpg&auto=webp&s=1727944b3ef4d416d75106a10d61f40c49d27c06 + +Welcome to the first monthly update of the brand new 2022 Top Ten Crypto Index Fund Experiment! + +If you want more details on how/where I purchased these cryptos or have any general questions on the Experiment as a whole, feel free to check out my [announcement post](https://toptencryptoindexfund.com/announcing-top-10-2022/21/), otherwise, let’s jump in to the first update. Let’s go! + +The 2022 Top Ten Crypto Index Fund Portfolio is **BTC, ETH, BNB, Solana, ADA, USDC, XRP, LUNA, DOT, AVAX**  + +January highlights for the 2022 Top Ten Portfolio: + +* A rough start for the  2022 Top Ten Portfolio, down nearly one quarter by the end of January.   +* **USDC** is the only crypto in the green +* Traditional markets drop as well, but not nearly as much as crypto + +## January Ranking and Dropouts + +Here’s a look at the movement in the ranks one month into the 2022 Top Ten Index Fund Experiment: + +https://preview.redd.it/twzj7sm9nlj81.jpg?width=232&format=pjpg&auto=webp&s=20b23b5a47188681a52dc58bcd3afb010ea237c4 + +A bit of internal shuffling, but not a whole lot of movement in January. + +## January Winners and Losers + +***January Winners*** – Since crypto was down this month, an easy victory for **USDC.** Plus I was able to make about +16% on bonuses and interest (more on that below). + +***January Losers*** –  **LUNA** got hammered in January, losing about -41% of its value. + +## Overall Update – Bloody start to 2022: 90% of Top Ten in the red. + +[In stark contrast to January 2021,](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-1/) this year is off to a very shaky start.  Never a good sign when first place for the month is a stablecoin (**USDC**). + +**LUNA** is at the bottom, down -41% in one month.  The initial $100 invested in **LUNA** thirty days ago is worth $59 today.   + +## Factoring in USDC Gains + +**New feature this year!** – In past years, I have not included the ROI that is possible with stablecoins in the monthly reports. These days, there are many ways to earn ROI using stables alone.  I figure this may be especially interesting this year, depending on how the crypto market performs. + +For the 2022 Top Ten Experiment, I will detail ways to build on the $100 **USDC**, starting with the most straightforward strategies.  As we go along in the year, I will share increasingly advanced methods to increase **USDC**. My goal of this little side quest will be to beat the ROI of as many of the non-stablecoin cryptos in the Experiment as possible. A simple task if 2022 ends up being a bear year, a bit more difficult if the crypto market moons. + +**January** – One of the easiest methods to capitalize on stables (or any crypto for that matter) is to take advantage of sign up bonuses of different platforms, many of which can be triggered with a small initial investment.   + +As detailed in the [2022 Top Ten Index Fund Announcement](https://toptencryptoindexfund.com/announcing-top-10-2022/) post, I purchased the $100 of **USDC** through BlockFi.  I signed up using a promo code and received $10 in **BTC**, which I immediately converted to **USDC**.  These codes are everywhere online (or just ask a friend). + +Since the BlockFi Interest Account (BIA) is also paying 8.75% APY on stablecoins, the current running total on the $100 initial **USDC** purchase is: **$110.64** + +https://preview.redd.it/yyuwcf7hnlj81.jpg?width=739&format=pjpg&auto=webp&s=1007b85cb5b4683535ac651a02d1650b6f939aff + +There is another BlockFi promo code where you are able to receive $15 in **BTC** on $100, but this bonus can take up to three months.  Going for the $15 bonus might make more sense once you’ve received bonuses from other platforms. + +***Something to be aware of:*** US-based BlockFi customers are not currently allowed to add funds to a BIA due to American regulations.  BlockFi is currently in the SEC registration process to offer interest through BlockFi Yield, which will replace BIAs. Bonuses are still valid. + +## 2022 Top Ten Portfolio vs. Total Crypto Market Cap Token (TCAP) + +**Another new feature this year!** – The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to capture the gains of the entire market. Much has changed in the last four+ years, including innovative Decentralized Finance (DeFi) projects that have created index tokens to capture segments of the crypto market (DeFi, the Metaverse, Blue Chips, etc.) instead of manually buying coins and tokens, like I do for my Experiments. + +A project of particular interest to the Top Ten Experiments is the Total Crypto Market Cap ([**TCAP**](https://cryptex.finance/)) token, created by Cryptex, which tracks the entire crypto market – exactly what my Top Ten Portfolios have been trying to recreate from the start. + +I thought it would be interesting to compare my homemade 2022 Top Ten Crypto Index Fund Experiment to the **TCAP** token for a bit of a friendly competition. Here’s the question I’ll be tracking this year: *would I have been better off with $1,000 of TCAP instead of going through the effort of creating a homemade $1,000 Top Ten Index Fund?* + +**January:** + +With most of crypto in the red, both the **TCAP** token and the 2022 Top Ten Portfolio got hit hard, down -20% and -24% respectively.  In the end, Round 1 goes to Cryptex’s **TCAP** token.  Visual below: + +https://preview.redd.it/p3uearnjnlj81.jpg?width=484&format=pjpg&auto=webp&s=738d98736f3a6029dbb15e5a1929b1d5e42151aa + +## Bitcoin Dominance: + +BitDom started 2022 at 40.2% and ticked up one percentage point in January, ending the month at 41.2%.   + +https://preview.redd.it/uc3z66etnlj81.png?width=522&format=png&auto=webp&s=dd051ace1772b0f5608de8bff64cc7314316f663 + +For those just getting into crypto, it’s worth paying attention to the **Bitcoin** dominance figure, as it signals the appetite for altcoins vs. **BTC.** + +## Overall return on $1,000 investment since January 1st, 2022: + +https://preview.redd.it/mrjy6uiunlj81.jpg?width=306&format=pjpg&auto=webp&s=4a6d040271cea873b6a7bca5682ba606925c834d + +Unlike the 2021 Top Ten Experiment ([which was up +51% in its first month](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-1/)), the 2022 Portfolio is off to a rough start: the initial $1000 investment on New Year’s Day 2022 is now worth **$762**, down -24%.  + +## Combining the 2018, 2019, 2020, 2021, and 2022 Top Ten Crypto Portfolios + +So, where do we stand if we combine five years of the Top Ten Crypto Index Fund Experiments? + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-49): up +4% (total value $1,035) +* 2019 Top Ten Experiment: up +364% (total value $4,639) +* 2020 Top Ten Experiment: up +577% (total value $6,766) +* 2021 Top Ten Experiment: up +201% (total value $3,009) +* [2022 Top Ten Experiment:](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-1/) down -25% (total value $747) + +Taking the five portfolios together, here’s the bottom bottom bottom bottom *bottom* line:  + +**After a $5,000 investment in the 2018, 2019, 2020, 2021, and 2022 Top Ten Cryptocurrencies,** the combined portfolios are worth **$16,196.** + +That’s **up +224** on the combined portfolios. + +For context, that is **way up from one year ago** (+127%) but **way** **down from** [**November’s all time high of +553%**](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-11/).  To get a sense of the entire journey, here’s the combined monthly ROI since I started tracking the metric in January 2020: + +https://preview.redd.it/93uwa8x4olj81.png?width=600&format=png&auto=webp&s=c160172bb1cdce15a83767eaff9cbc4730e92f9c + +&#x200B; + +***That’s a +224% gain by buying $1k of the cryptos that happened to be in the Top Ten (including stablecoins) on January 1st, 2018, 2019, 2020, 2021, and 2022.*** + +## Comparison to S&P 500 + +I’m also tracking the S&P 500 as part of my Experiment to have a comparison point to traditional markets. + +https://preview.redd.it/josk699aolj81.png?width=538&format=png&auto=webp&s=bbd42eea95b9e2135f90387f21819961d16597f6 + +The S&P 500 is down -5% so far in 2022, so the initial $1k investment into crypto on New Year’s Day would be worth $950 had it been redirected to the S&P.   + +Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1,700 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1,810 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1,410 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1,210 today +* $1000 investment in S&P 500 on January 1st, 2022 = $950 today + +Taken together, here’s the bottom bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After five $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, and 2022 my portfolio would be worth $7,080.** + +That is up **+42%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+224%** gain of the combined Top Ten Crypto Experiment Portfolios. + +Here’s a fancy new chart showing a combined ROI comparison between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments:  + +https://preview.redd.it/22hpx3tcolj81.png?width=575&format=png&auto=webp&s=9635b15d1b0cb9622b54327bd23e472252f06004 + +## Conclusion: + +To the long time followers of the Top Ten Experiments, thank you so much for sticking around so long. For those just getting into crypto, I hope these reports will help prepare you for the highs and lows that await on your crypto adventures.  Buckle up, go with the flow, think long term, don’t invest what you can’t afford to lose, and most importantly, try to enjoy the ride!   + +A reporting note: I’ll focus on 2022 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect only two reports from me per month.  This month’s extended report was on the 2018 Top Ten Portfolio, which is almost back down to break even point.  Read all the gory details[ **here**](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-49).  + +Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects tracking the Top Ten cryptos as of [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-49) (the OG Experiment), [January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-36), [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-24), and most recently, [January 1st, 2022](https://toptencryptoindexfund.com/announcing-top-10-2022/). +GRAYSCALE INVESTMENTS LLC is advertising a fund as "Ethereum (ETC) +Investment Trust" - this implies that it is the original Ethereum. Investors that don't do their research may be investing in this believing they buy the real Ethereum. To me this is: + +* ** 1 False or misleading statements about a company** +* ** 2 Manipulation of a security's price or volume** +https://www.sec.gov/complaint/tipscomplaint.shtml + +There is currently no regulation of crypto so Barry Silbert can manipulate the markets to his advantage writing fake press releases that some gullible investors may take seriously. Grayscale can advertise the trust without having to specifically mention that the trust is investing in a copycat of Ethereum. Calling the trust the "Ethereum (ETC) Investment Trust" is not acceptable. + +I am not a lawyer but even if the foundation does not protect the Ethereum name legally they have still grounds to sue since the Ethereum project is being used commercially by various companies. + +I would also call it insider trading to a certain degree because he is buying into a "security" that he is manipulating upwards with fraudulent information. For details on what constitutes insider trading, see the link above. +Originally posted on another sub with incorrect/misleading title. + +[Original Tweet](https://twitter.com/susannetrimbath/status/1506808703692926980?s=21) + +u/Pogginator explained what this actually means in top comment: + +“A lot of people seem to be misunderstanding what this means. This would reverse trades sold short that fail to deliver. So shorts wouldn't be able to continue selling shares they never intend to deliver. + +Shares you already have are settled. So this particular thing would have no affect in regards to selling what you have currently. Shares you have in Computershare are already taken from the DTCC and registered in your name. Selling those would settle properly because you aren't selling a share and delivering nothing. + +This isn't a bad thing, if executed it means shorts would no longer be able to sell shares they don't actually have. If they do, those trades would get reversed when they FTD. This should dry up volume even more and theoretically drive the price up because only tangible shares can be bought and sold.” +Usually markets "crash" when forced liquidations occurs. -4% in a few hours this morning after a bogus rise yesterday in order to trick dip buyers was the last chance to get out of those assets before the inevitable blood bath. + +I would expect today or in the next few days a big, sudden flush, which will trigger algos for a 8-10% drop in a day and will induce the last panic selling before a stabilization into the incoming, slow, stagflation market. + +Anyways. This is just me, speculating. Another doom post, I know. But I have a feeling I'll the guy who was finally right. + +We do not even need a $GME catalyst, the forced liquidations will start the trend up after the initial expected $GME dip. + +I've got 10k waiting on the sidelines for my last $GME buy. + +Remind me in a week! :) +What are some things you do in your rental property before it hits the rental market? + +Things I have learned from others include: removing all carpet and installing LVP, adding a vanity (ledge) back splash in the bathroom to minimize water damage to the wall, installing water guard at both ends of the tub, adding door stoppers, wiring bathroom light and fan so that they turn on/off together +I am in the middle of closing on a cash deal with my brother as a partner. Now some may argue not working with family, but I am not here to discuss that. + +We are going on an equal split buying cash and looking to refinance after fixing it up. A classic brrrr. + +Now, before we finish closing on the property, I would like to know how we should join together because of refinancing. I currently have a careet making really good money and will have no issue refinancing with my DTI. My brother on the other hand is back in school finishing up after serving in the military. He was able to save a good chunk of money while serving which is how he is a part of this deal. + +We haven't formed an llc yet. But I was wondering if we enter a Joint Tenancy on the property, would that cause any issues down the line when refinancing because he doesn't have any income? Would the banks frown on 2 people owning it instead of just 1? So would it be better to just keep it in my name if we don't put it in an llc? + +And if it is put in a brand new llc, how do they look at financing a property? Our incomes, or the income of our company which would be 0 at the time? + +Edit: I apologize for the blundered title and any other errors in the post. I was typing fast on my phone and did not double check everything. +Hello everyone - I have an issue with a new house I recently purchased and I'm trying to explore my options. The issue is that the neighbor’s home is over the property line by approximately one foot extending approximately 14 feet parallel to the lot line.  Also, the neighbor's fence is approximately 7 feet over the property line, extending the length of the property.  + +&#x200B; + +I realize I need to get a lawyer, but have a few questions before I go down that route. First, I purchased this house a few weeks ago, knowing that there was an encroachment and now, I'm looking into ways to fix the issue and protect my property. + +&#x200B; + +Background + +This is in Houston - The lots in this neighborhood were divided and the homes were built in the 1920s.  The neighbor (or previous family members) has lived in the home for \~50 years. The original owner of my home purchased the house in the 1990s (or around there).  As I understand it, around 2013, when the original owner of the home was going to sell it, they discovered that the neighbor’s home was over the property line.  This was due to the updated survey map using more precise locating of the property lines. The original survey showed the lot line was running along the fence.Apparently, the original owner and the neighbor got into a huge fight about it and stopped all communication shortly thereafter. + +&#x200B; + +The previous owner filed an "Affidavit as to Encroachment" in 2015.  This was given to me during the closing process. + +&#x200B; + +Also, I’m not sure if it matters, but the neighbor has not paid their property taxes in 3+ years. + +&#x200B; + +Questions + +\- What type of attorney should I consult? A general 'real estate' attorney? + +\- What options do I have in regards to having a clear property? + +\- Do I need to send a letter (or something else) to the neighbor in order to recognize the neighbor's home is on my property? + +&#x200B; + +EDIT: Thank you for all of the responses. I appreciate the constructive thoughts on best approach going forward. + +I should have noted that this is an investment property for me, which I intend to rent out. Also, the issue was brought up before closing and the bank based the appraisal on the land value (minus a strip of land outside the neighbors home). I am not asking to tear the neighbors house down, but I would like to protect my property from adverse possession and want to take steps to prevent that from occurring. If I can pay to have the neighbors house moved, I am also willing to go that route. If/when the neighbor intends to sell, I expect that the house will be torn down due to its age and the lot line issue will not allow a new buyer to get a mortgage. + +&#x200B; +When I send my cryptos too or from a exchange I always get scared that I have or will somehow mess it up and send all my stuff into the abyss to never be seen again. I know there are people out there who have done it and iam a pritty unlucky individual in some ways and feel like eventually this could be me. Staring at the wallet and it not turning up after a few seconds really get the paranoia going lol. +&#x200B; + +&#x200B; + +I'm an international student here at the US, been here for 3 years. Over the past 3 months, I've been involved in an accident with a friend's car that didn't have insurance, which would cost mee 8,000 dollars. I've been paying my own tuition over the last two years, my parents are currently in a financial rut, as my dad's salary got cut by half and my mum's business collapsed due to covid. I have 10,000 usd of debt from my school and now they're telling me I can't register for fall. Thinking about it, I could've been better. This is literally all my fault. The car accident was an act of irresponsibility and for the tuition, I could have easily worked harder to be able to pay up more than I have already paid. This is not just me victimizing myself, I have been a lazy ass over the past few years. I genuinely want to change given the circumstances but my brain is just racing over all these different stressful scenarious around me right now. What's a piece of advice you would give me? +Hi, I would like to know in what sectors the majority of you are going to invest in 2022. I would also like to know why you are going to invest into that specific sector. + +Personally, I think I'm going to invest into mining stocks. This is due to the expansion of nuclear energy in Europe and the transition of electric vehicles. Im also going to invest in TSM/ASML since chips are going to be increasing more applied in consumerproducts. +The pharmaceutical giants Pfizer and Allergan will combine to form a $160 billion global drug behemoth. + +Allergan shareholders will be receiving $363.63 worth of Pfizer stock as payment. Specifically, for each share of Allergan, investors will receive 11.3 shares (based on the Pfizer's Friday closing price of $32.18) of the new combined company. + +Importantly, the combined businesses will be renamed Pfizer Plc but legally will be combined under Allergan Plc. This means the combined company will officially be domiciled in Ireland. +The pharmaceutical giants Pfizer and Allergan will combine to form a $160 billion global drug behemoth. + +Allergan shareholders will be receiving $363.63 worth of Pfizer stock as payment. Specifically, for each share of Allergan, investors will receive 11.3 shares (based on the Pfizer's Friday closing price of $32.18) of the new combined company. + +Importantly, the combined businesses will be renamed Pfizer Plc but legally will be combined under Allergan Plc. This means the combined company will officially be domiciled in Ireland. +Calling all autists. GameStops Q4 ends January 30th which means there are 10 days left to juice their earnings. Based on the [2020 holiday sales report](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-2020-holiday-sales-results) they released a few days ago, we know there were highlights. 4.8% YoY increase in same store sales. 309% YoY increase in e-commerce sales. But YoY total sales dropped by 3.1% (~$60 million) This news is all priced in the Q4 earnings call should be a non-event UNLESS.... + +If we really want the price to go up, we should 🚀🚀juice 🚀🚀 GameStop earnings over the next 10 days. A significant and unexpected earnings or revenue beat will moon this stonk. Seriously, imagine them saying on their next earnings call “due to unprecedented sales in the last few weeks of the quarter, we beat 2019 sales by 10% and are seeing a +A dramatic acceleration of our e-commerce business.... “ + +If you own the stock or are on the sidelines enjoying this epic story, go buy something from GameStop tonight. If all 1.9 people in this sub bought a single game or other item, GME would BLOW revenue expectations away. Not a gamer? That’s OK buy a [Google Play ](https://www.gamestop.com/products/google-play-gift-card-50/10138910.html?condition=Digital) or [iTunes](https://www.gamestop.com/accessories/mobile/products/apple-itunes-100/10120241.html?condition=New) gift card. You eat right? Buy a [DoorDash](https://www.gamestop.com/nav-gift-cards/products/doordash-50/11102115.html?condition=Digital) gift card. Want to commentate this battle of the ages, buy this big [MF’ing Battle Axe](https://www.gamestop.com/toys-collectibles/collectibles/figures/products/avengers-endgame-thors-stormbreaker-electronic-axe/11103941.html?condition=New). + +Seriously get out an support the cause!! You can literally spend exactly what you spend in everyday life and funnel revenue through GameStop to support you fellow autist!! NO EXCUSES. Tell your friends, brothers and sisters, sons and daughters. Let’s juice this puppy the old fashioned way. +So, I've pretty much made it. Very very early in bitcoin and had enough faith in it to hold and make a lot of money, selling pieces on the way up. I've retired essentially at 42, semi-HCOL area. +Assets: + +- $3.2 mil stocks and bonds (taxes paid, liquid) + +- .8 mil house paid + +- .7 mil retirement accounts from previous work + +- .5 mil gold coins and bars + +- 2.5 mil still in crypto, mostly bitcoin (no, I'm not selling all that right now) + + +After a huge tax hit I've become smarter about selling for cash rather than huge amounts hitting my banks. + +I want to take some of the stock and bond money and put it to work locally - like a coffee shop, gas station, pizza shop. + +I still do some work in the crypto space and get paid in crypto - I don't really consider it work as it's part time. Not really a franchise type business but something that can be managed with little oversight and a decent staff yet still primarily a cash business - to help...facilitate my future crypto sale revenue if that makes sense. + +I don't expect to make a ton of money at the venture, maybe slightly better than break even would be great, but having a real local business for tax purposes and being active in the community seems like a good move. + +Anyone have experience with this or can make a recommendation? Scanning local businesses on like http://bizbuysell.com shows plenty of them for 100-600k, but really don't know where to start, appreciate any ideas. +**TL;DR** + +**A parent company isn't the only way to basically own a company, but it's one of them.** + +**Not only do big banks take on numerous holdings, but also seemingly unrelated businesses.** + +**Imagine a shell game. Now imagine 13 tables all lined up, with 39 cups, and 13 dealers. But it's not a competition, and fake audience members are helping hide the ball.** + +Much like last time let's start off with examining what parent companies are via example. + +The Banks Are Selling Government Bonds to the Hedgies- The Floor is 250 Million [Part 1](https://www.reddit.com/r/Superstonk/comments/mtp8y1/the_banks_are_selling_government_bonds_to_the/?utm_medium=android_app&utm_source=share) + +[Part 1.5](https://www.reddit.com/r/Superstonk/comments/mtt8wg/master_feeder_funds_privately_negotiated_loans/?utm_medium=android_app&utm_source=share) (unformatted) + +[Madison Square Gardens Entertainment will cease to exist... No more Jimmy Snuka jumps?](https://www.sec.gov/Archives/edgar/data/0001795250/000119312521096718/d101795dex21.htm) + + > This AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of March 25, 2021, is entered into by and among Madison Square Garden Entertainment Corp., a Delaware corporation (“Parent”), Broadway Sub Inc., a Delaware corporation and a wholly-owned direct subsidiary of Parent (“Merger Sub”) and MSG Networks Inc., a Delaware corporation (the “Company”). + + > SECTION 1.1 The Merger. On the terms and subject to the conditions set forth in this Agreement, and in accordance with the General Corporation Law of the State of Delaware (the “DGCL”), at the Effective Time, Merger Sub shall be merged with and into the Company. At the Effective Time, the separate corporate existence of Merger Sub shall cease and the Company shall continue as the surviving company in the Merger (the “Surviving Company”). + + > (h) No Liability. None of the Company, Parent, Merger Sub or the Exchange Agent shall be liable to any Person in respect of any portion of the Exchange Fund delivered to a public official pursuant to any applicable abandoned property, escheat or similar Law. Any portion of the Exchange Fund which remains undistributed to the holders of Certificates or Book-Entry Shares as of immediately prior to such date on which the Exchange Fund would otherwise escheat to, or become the property of, any Governmental Authority) shall, to the extent permitted by applicable Law, become the property of Parent, free and clear of all claims or interest of any Person previously entitled thereto. + +Okay okay Des what does THIS mean? Well, this is a skim of what a parent company can be or do **(or take)** from their own. And technically one could say Company X is bankrupt or insolvent, but everything from securities to funds are simply moved up the latter and we pretend losing a lower rung means really anything. + + > Termination Rights + + > The Merger Agreement contains certain customary termination rights for MSG Entertainment and MSG Networks, including, without limitation, if the Merger is not consummated on or before December 20, 2021 (the “Outside Date”). Upon the termination of the Merger Agreement under specified circumstances, including (i) a change in the recommendation of the MSGE Board (or the MSGE Special Committee) or the board of directors (or special committee of the board of directors) of MSG Networks or (ii) the termination by MSG Entertainment or MSG Networks in order to accept a superior proposal (as defined in the Merger Agreement) with respect to an alternative transaction, MSG Networks will be required to pay MSG Entertainment a termination fee of $18,900,000 or MSG Entertainment will be required to pay MSG Networks a termination fee of $21,200,000, respectively. + +Okay so I bet they have that money earmarked to pass down the line as needed. + +So maybe more [jimmy snuka jumps one day](https://www.sec.gov/Archives/edgar/data/0001795250/000119312521096733/d101795d425.htm). By someone, anyway. + +Okay let's move on to the next one. + +[AGREEMENT AND PLAN OF MERGER,](https://www.sec.gov/Archives/edgar/data/0001169770/000119312521090238/d35268dex21.htm)dated as of March 22, 2021 (this “Agreement”), by and between Banc of California, Inc., a Maryland corporation (“Parent”), and Pacific Mercantile Bancorp, a California corporation (the “Company”) (collectively hereinafter referred to as the “Parties.") + + > The Shareholder acknowledges that, as an inducement for Parent to enter into the Merger Agreement, Parent has required that the Shareholder enter into this letter agreement and the Shareholder is willing to enter into this [letter agreement.](https://www.sec.gov/Archives/edgar/data/1169770/000119312521090238/d35268dex991.htm) + +So the Shareholder has to entice the Parent by giving them stuff to be induced to merge, kinda like your wife. + + +[But look at what Pacific Mercantile](https://www.sec.gov/Archives/edgar/data/1169770/000119312521090238/d35268dex993.htm) bringing to the bedroom! That's like not being your wife's boyfriend after the squeeze. + + + > Santa Ana, Calif., March 22, 2021 – Banc of California, Inc. (NYSE: BANC) (the “Company”, “Banc of California”, “we”, “us” or “our”), the holding company of Banc of California, N.A., and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”), the holding company of Pacific Mercantile Bank, today announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately $235 million, or $9.77 per share, based on the closing price for Banc of California’s common stock of $19.54 as of March 22, 2021. Banc of California expects the transaction to be 12.9% accretive to EPS in 2022 with a 2.3 year earnback period to tangible book value per share based on a conservative and achievable cost savings estimate of approximately 35%. + +> Pacific Mercantile Bancorp is a commercial bank headquartered in Costa Mesa, California with $1.6 billion in total assets, $1.2 billion in gross loans, and $1.4 billion in total deposits as of December 31, 2020. Pacific Mercantile had $229.7 million in Paycheck Protection loans outstanding at December 31, 2020. Pacific Mercantile operates seven banking offices, including three full service branches, located throughout Southern California. The transaction will increase Banc of California’s total assets to approximately $9.5 billion on a pro forma basis as of December 31, 2020. + +Okay so let's look into banc of california. Looks like someone has an nport with them in it. + +Oh [what's this?] (https://www.sec.gov/Archives/edgar/data/0000787623/000175272421064003/xslFormNPORT-P_X01/primary_doc.xml) + +Lot of familiar names on that borrow list. + +Barclays Bank PLC +State Street Bank and Trust Company (seen that one a lot) +UBS AG (UBS is BNY Mellon, remember guys?) + RBC Capital Markets, LLC **(Royal Bank of Canada, their parent company is Bank of America)** +Barclays Capital Inc. +Citigroup Global Markets Inc. (were they just in the news today?) + +Wow so many familiar faces. Well what are they borrowing? + +Investment category says... + +> *agency debentures and agency strip * + +Wow way to not use capitals in a sec filings, that's just lazy. So what is this? + + > Agencies" is a term used to describe two types of bonds: (1) bonds issued or guaranteed by U.S. federal government agencies; and (2) bonds issued by government-sponsored enterprises (GSEs)—corporations created by Congress to foster a public purpose, such as affordable housing. + + > Some organizations issue no-coupon discount notes—called "discos"—generally to help them meet short-term financing demands. This explains why disco maturities are usually quite short, ranging from a single day to a year. Discos resemble STRIPS in that they are zero-coupon securities that are issued at a discount to par. + + > What Are Interest Only Strips? Sometimes investment firms or dealers take a debt obligation or pool of obligations—mortgages, Treasury bonds, or other bonds—and after separating their principal and interest portions, sell them as distinct security products to investors, thus creating what's known as a strip bond. An interest only strip is one of these separated securities—the part that consists only of the interest portion of the monthly payments. + +> Although interest only strips can be created out of any debt-backed security that generates periodic payments, the term is usually associated with mortgage-backed securities (MBS). + +So they're borrowing these out to a lot of big names. + +[Advisors Inner Circle Fund] (https://www.sec.gov/Archives/edgar/data/0000878719/000175272421065808/xslFormNPORT-P_X01/primary_doc.xml) (remember III is the Chevy Chase trust fund) has a net worth of 1 trillion dollars. They are doing [commodities contracts.](https://smallbusiness.chron.com/commodity-contract-work-15796.html) + + > Commodities such as grains, basic food products, metals and energy products trade through standardized contracts called futures contracts. A commodity futures contract is for the future delivery of a specified amount of a commodity. Commodity contracts are used by buyers and sellers of the commodities to lock in future delivery price and by traders looking to profit from commodity price changes. + +**Futures Brokers** + + > Commodity futures are bought and sold through an account with a commodity futures broker. Commodity brokers must be registered with the National Futures Association and are regulated by the Commodity Futures Trading Commission. The commodity futures brokerage business tends to be separate from the stock brokerage business with most commodity brokers specializing in futures trading. A commodity futures broker will provide a new account holder with trading software and either live or online recorded training about trading futures and types of strategies. + +**Finances of Commodity Futures** + + > To trade a commodity futures contract, the the trader must put up a margin deposit for each contract traded. Each commodity has a fixed margin deposit amount set by the commodity exchanges. At the time of publication, the initial margin deposit for one corn futures contract is $2,363 and the maintenance margin is $1,750. The value of futures contracts are marked to market at the end of each day. If an individual had a new corn futures position and the value increased by $800 during the day, the $800 profit would be swept into the trader's unused cash balance. If the contract lost the $800, the margin deposit would have dropped to $2,363 minus $800 or $1,563. An additional $187 would have to be added to the margin deposit to bring it up to the maintenance margin level of $1,750. + +But they're not the only ones. Let's check out [JP Morgan.](https://www.sec.gov/Archives/edgar/data/0001687031/000105640421002913/msc16c31_8k-03182021.htm) and some companies they're involved with. + + > March 18, 2021 +Date of Report (Date of Earliest Event Reported) + +* Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31 +* Banc of America Merrill Lynch Commercial Mortgage Inc. +* Morgan Stanley Mortgage Capital Holdings LLC +* Bank of America, National Association +* UBS AG +* KeyBank National Association +* Starwood Mortgage Funding III LLC + +That's a lot of familiar names. + +Let's head back to [ROYAL BANK OF CANADA](https://www.sec.gov/edgar/search/#brhc10022235_fwp.htm) since they were in the news. Plus, there does seem to be some confusion about the Royal Bank of Canada and Bank of America. + + > Under our distribution agreement with BofAS, BofAS will purchase the notes from us as principal at the public offering price indicated on the cover of this term sheet, less the indicated underwriting discount. + +>MLPF&S will purchase the notes from BofAS for resale, and will receive a selling concession in connection with the sale of the notes in an amount up to the full amount of underwriting discount set forth on the cover of this term sheet. + +Lovely. And as a special note BlackRock is including the term LIBOR in its expectations. + +* 2020 Fourth Amendment Incremental Term Loan, (3 mo. LIBOR + 3.25%), 4.25%, 11/12/27(h) + +* 2020 Term Loan B, (6 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/05/25 + +* KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.91%, 04/03/25 + +Those few are worth a few million. I really want to look into this but i have all these other threads. Uuuggghhhh + +[MONTHLY SERVICER’S CERTIFICATE](https://www.sec.gov/Archives/edgar/data/0001551964/000120864621000029/ex99.htm) +BARCLAYS BANK DELAWARE +BARCLAYS DRYROCK ISSUANCE TRUST + +Portfolio principal balance + +**5 Trillion** + +Whew. Good job, uh, two of Barclays holdings! + +Let's check out Citibank, they've JUST been mentioned. + +[Total Investors Collection - 4 Trillion] (https://www.sec.gov/Archives/edgar/data/0000921864/000119312521117521/d159547dex99.htm) + +Okay [ADVANCED SERIES TRUST](https://www.sec.gov/edgar/search/#ast77o.txt) is sus af, that's a LOT of familiar names like all our big banks as well as Credit Suisse for like a trillion dollars. They have contacts...[a LOT of Funds.](https://www.sec.gov/Archives/edgar/data/0000814679/000094040018000254/0000940400-18-000254-index.html) + +Fuck, my head hurts. let's go back to my roots of 40APP. + +* Morgan Stanley Private Income Fund LLC (“MSPIF” or the “Current Fund”) and MS Capital Partners Adviser Inc. (“Morgan Stanley Adviser” or the “Current Investment Adviser”; together with the Current Fund, the “Applicants”) + +* In this first amended application, [The Advisors’ Inner Circle Fund (“Trust”)](https://www.sec.gov/edgar/search/#fp0063868_40appa.htm), Cambiar Investors, LLC (“Initial Adviser”), and SEI Investments Distribution Co. (“Distributor”) (collectively, the “Applicants”) + +The Advisors' Inner Circle Fund! Missed you. + +* [BNY MELLON](https://www.sec.gov/Archives/edgar/data/0001011607/000110465921045428/tm2111456-1_40app.htm#a_015) ALCENTRA OPPORTUNISTIC GLOBAL CREDIT INCOME FUND +BNY MELLON INVESTMENT ADVISER, INC. + +Feel free to take a nice long look at Exhibit A in the link below. It is names. Like this. + +[Morgan Stanley and Citibank](https://www.sec.gov/Archives/edgar/data/0000311847/000110465909028708/a09-12150_140app.htm) + +* 1 MORGAN STANLEY INVESTMENT MANAGEMENT INC. +* 2 MORGAN STANLEY INVESTMENT ADVISORS INC. +* 3 MORGAN STANLEY & CO. INCORPORATED +* 4 MORGAN STANLEY BALANCED FUND +* 5 MORGAN STANLEY U.S. GOVERNMENT MONEY MARKET TRUST +* 6 MORGAN STANLEY DIVIDEND GROWTH SECURITIES INC. +* 7 MORGAN STANLEY NATURAL RESOURCE DEVELOPMENT SECURITIES INC. +* 8 MORGAN STANLEY SPECIAL GROWTH FUND +* 9 MORGAN STANLEY GLOBAL DIVIDEND GROWTH SECURITIES +* 10 MORGAN STANLEY LIMITED TERM MUNICIPAL TRUST +* 11 MORGAN STANLEY TECHNOLOGY FUND +* 12 VAN KAMPEN ASSET MANAGEMENT +* 13 MORGAN STANLEY SMALL-MID SPECIAL VALUE FUND +* 14 MORGAN STANLEY GLOBAL ADVANTAGE FUND +* 15 MORGAN STANLEY LIMITED DURATION U.S. GOVERNMENT TRUST +* 16 ACTIVE ASSETS CALIFORNIA TAX-FREE TRUST +* 17 ACTIVE ASSETS GOVERNMENT SECURITIES TRUST +* 18 ACTIVE ASSETS INSTITUTIONAL GOVERNMENT SECURITIES TRUST +* 19 ACTIVE ASSETS INSTITUTIONAL MONEY TRUST +* 20 PACTIVE ASSETS MONEY TRUST +* 21 ACTIVE ASSETS TAX-FREE TRUST +* 22 MORGAN STANLEY EQUALLY-WEIGHTED S&P 500 FUND +* 23 MORGAN STANLEY SERIES FUNDS +* 24 MORGAN STANLEY HEALTH SCIENCES TRUST +* 25 MORGAN STANLEY SPECIAL VALUE FUND +* 26 MORGAN STANLEY STRATEGIST FUND +* 27 MORGAN STANLEY HIGH YIELD SECURITIES INC. +* 28 MORGAN STANLEY INTERNATIONAL VALUE EQUITY FUND +* 29 MORGAN STANLEY LIQUID ASSET FUND INC. +* 30 MORGAN STANLEY MID-CAP VALUE FUND +* 31 MORGAN STANLEY S&P 500 INDEX FUND +* 32 MORGAN STANLEY CONVERTIBLE SECURITIES TRUST +* 33 MORGAN STANLEY FUNDAMENTAL VALUE FUND +* 34 MORGAN STANLEY MID CAP GROWTH FUND +* 35 MORGAN STANLEY PRIME INCOME TRUST +* 36 MORGAN STANLEY VALUE FUND +* 37 MORGAN STANLEY EUROPEAN EQUITY FUND INC. +* 38 MORGAN STANLEY FLEXIBLE INCOME TRUST +* 39 MORGAN STANLEY INTERNATIONAL FUND +* 40 MORGAN STANLEY MORTGAGE SECURITIES TRUST +* 41 MORGAN STANLEY PACIFIC GROWTH FUND INC. +* 42 MORGAN STANLEY CAPITAL OPPORTUNITIES TRUST +* 43 MORGAN STANLEY REAL ESTATE FUND +* 44 MORGAN STANLEY CALIFORNIA TAX-FREE DAILY INCOME TRUST +* 45 MORGAN STANLEY CALIFORNIA TAX-FREE INCOME FUND +* 46 MORGAN STANLEY FOCUS GROWTH FUND +* 47 MORGAN STANLEY FX SERIES FUNDS +* 48 MORGAN STANLEY NEW YORK MUNICIPAL MONEY MARKET TRUST +* 49 MORGAN STANLEY NEW YORK TAX-FREE INCOME FUND +* 50 MORGAN STANLEY SELECT DIMENSIONS INVESTMENT SERIES +* 51 MORGAN STANLEY TAX-EXEMPT SECURITIES TRUST +* 52 MORGAN STANLEY TAX-FREE DAILY INCOME TRUST +* 53 MORGAN STANLEY U.S. GOVERNMENT SECURITIES TRUST +* 54 MORGAN STANLEY GLOBAL INFRASTRUCTURE FUND +* 55 MORGAN STANLEY VARIABLE INVESTMENT SERIES +* 56 MORGAN STANLEY MUNICIPAL INCOME OPPORTUNITIES TRUST II +* 57 MORGAN STANLEY MUNICIPAL INCOME OPPORTUNITIES TRUST III +* 58 MORGAN STANLEY MUNICIPAL INCOME OPPORTUNITIES TRUST +* 59 MORGAN STANLEY MUNICIPAL PREMIUM INCOME TRUST +* 60 MORGAN STANLEY INCOME SECURITIES INC. +* 61 MORGAN STANLEY CALIFORNIA INSURED MUNICIPAL INCOME TRUST +* 62 MORGAN STANLEY CALIFORNIA QUALITY MUNICIPAL SECURITIES +* 63 MORGAN STANLEY INSURED CALIFORNIA MUNICIPAL SECURITIES +* 64 MORGAN STANLEY INSURED MUNICIPAL BOND TRUST +* 65 MORGAN STANLEY INSURED MUNICIPAL INCOME TRUST +* 66 MORGAN STANLEY INSURED MUNICIPAL SECURITIES +* 67 MORGAN STANLEY INSURED MUNICIPAL TRUST +* 68 MORGAN STANLEY NEW YORK QUALITY MUNICIPAL SECURITIES +* 69 MORGAN STANLEY QUALITY MUNICIPAL INCOME TRUST (Nice) +* 70 MORGAN STANLEY QUALITY MUNICIPAL INVESTMENT TRUST +* 71 MORGAN STANLEY QUALITY MUNICIPAL SECURITIES +* 72 MORGAN STANLEY INSTITUTIONAL FUND TRUST +* 73 MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS +* 74 MORGAN STANLEY INSTITUTIONAL FUND, INC. +* 75 THE UNIVERSAL INSTITUTIONAL FUNDS, INC. +* 76 MORGAN STANLEY EMERGING MARKETS DOMESTIC DEBT FUND, INC. +* 77 THE TURKISH INVESTMENT FUND, INC. +* 78 MORGAN STANLEY ASIA-PACIFIC FUND, INC. +* 79 MORGAN STANLEY CHINA “A” SHARE FUND, INC. +* 80 MORGAN STANLEY EASTERN EUROPE FUND, INC. +* 81 MORGAN STANLEY EMERGING MARKETS DEBT FUND, INC. +* 82 MORGAN STANLEY EMERGING MARKETS FUND, INC. +* 83 MORGAN STANLEY GLOBAL OPPORTUNITY BOND FUND, INC. +* 84 MORGAN STANLEY HIGH YIELD FUND, INC. +* 85 MORGAN STANLEY INDIA INVESTMENT FUND, INC. +* 86 MORGAN STANLEY FRONTIER EMERGING MARKETS FUND, INC. +* 87 THE LATIN AMERICAN DISCOVERY FUND, INC. +* 88 THE MALAYSIA FUND, INC. +* 89 THE THAI FUND, INC. +* 90 VAN KAMPEN EQUITY TRUST +* 91 VAN KAMPEN MONEY MARKET FUND +* 92 VAN KAMPEN CAPITAL GROWTH FUND +* 93 VAN KAMPEN TAX FREE MONEY FUND +* 94 VAN KAMPEN SERIES FUND, INC. +* 95 VAN KAMPEN SENIOR LOAN FUND +* 96 VAN KAMPEN CORPORATE BOND FUND +* 97 VAN KAMPEN EQUITY TRUST II +* 98 VAN KAMPEN HIGH YIELD FUND +* 99 VAN KAMPEN TRUST +* 100 VAN KAMPEN PARTNERS TRUST +* 101 VAN KAMPEN RETIREMENT STRATEGY TRUST +* 102 VAN KAMPEN GOVERNMENT SECURITIES FUND +* 103 VAN KAMPEN PENNSYLVANIA TAX FREE INCOME FUND +* 104 VAN KAMPEN TAX FREE TRUST +* 105 VAN KAMPEN TRUST II +* 106 VAN KAMPEN GROWTH AND INCOME FUND +* 107 VAN KAMPEN TAX-EXEMPT TRUST +* 108 VAN KAMPEN COMSTOCK FUND +* 109 VAN KAMPEN ENTERPRISE FUND +* 110 VAN KAMPEN EQUITY AND INCOME FUND +* 111 VAN KAMPEN EXCHANGE FUND +* 112 VAN KAMPEN HARBOR FUND +* 113 VAN KAMPEN LIFE INVESTMENT TRUST +* 114 VAN KAMPEN LIMITED DURATION FUND +* 115 VAN KAMPEN REAL ESTATE SECURITIES FUND +* 116 VAN KAMPEN U.S. GOVERNMENT TRUST +* 117 VAN KAMPEN SENIOR INCOME TRUST +* 118 VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II +* 119VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST +* 120 VAN KAMPEN DYNAMIC CREDIT OPPORTUNITIES FUND +* 121 VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST +* 122 VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST +* 123 VAN KAMPEN MUNICIPAL TRUST +* 124 VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST +* 125 VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST +* 126 VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST +* 127 VAN KAMPEN TRUST FOR INSURED MUNICIPALS +* 128 VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS +* 129 VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS +* 130 VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS +* 131 VAN KAMPEN BOND FUND +* 132 VAN KAMPEN HIGH INCOME TRUST II + +* 133 CITIGROUP ALTERNATIVE INVESTMENTS LLC +* 134 CITIGROUP GLOBAL MARKETS INC. +* 135 CITIGROUP GLOBAL MARKETS LIMITED +* 136 CITIGROUP FINANCIAL PRODUCTS INC. +* 137 CITIBANK, N.A. +* 138 CITIBANK CANADA +* 140 CITIBANK INTERNATIONAL PLC +LMP CORPORATE LOAN FUND INC + +Good fucking god kill me, why did I number those? [Here's the Order approving it.](https://www.sec.gov/edgar/search/#filename1.pdf) + +And these Orders of Exemption are permanent when [stated as such.](https://www.sec.gov/edgar/search/#filename1.pdf) + + +Hey BNY Mellon popped up again, let's check it out, hanging out with Citigroup as co-custodian for a select number of portfolios. + +> The Old Westbury Funds, Inc. (the “Fund Company”), BNY Mellon Distributors Inc.1 (“Distributor”), and The Bank of New York Mellon (together with the Fund Company and Distributor, the “Applicants”), hereby request an order of the Securities and Exchange Commission (the “Commission”) pursuant to Sections 6(c), 10(f) and 17(b) of the Investment Company Act that would exempt Applicants from the provisions of Sections 17(a) and 10(f) of the Investment Company Act (the “Application”). The requested relief would permit principal transactions (“Transactions”) effected in the ordinary course of business between series of the Fund Company (each, a “Portfolio” and collectively, the “Portfolios”) and The Bank of New York Mellon and/or any entity controlled by, controlling, or under common control with The Bank of New York Mellon (collectively, “BNY Mellon”). + +Just in case you get confused With the acronyms, BNY Mellon absorbed PNCGIS and all their securities. + + > In connection with the transaction described below, PNC Global Investment Servicing Inc. was renamed BNY Mellon Distributors Holdings Inc. effective July 1, 2010. The servicing activities described above are currently provided by BNY Mellon Investment Servicing (U.S.) Inc. (formerly known as PNC Global Investment Servicing (U.S.) Inc.) The name PNCGIS is used herein for ease of reference. + +Wooaaah, 22.3 trillion? That's a lot, thank goodness Mellon merged with Bank of New York in 2007. + + > In addition to buying and selling securities as a broker and principal, BNY Mellon is engaged in asset servicing through its offering of global custody, global fund services, securities lending, global liquidation services and credit-related services to institutional clients (e.g., mutual funds, public retirement funds, etc.). BNY Mellon provides such services to over $22.3 trillion in assets under custody or administration, making it one of the leading asset services providers in the world. + + Wait wait wait what's that number? Man how do I get to be custodian of that much money? Oh, not quite as impressive as 22 trillion... Wait it absolutely is. + +> BNY Mellon acts as custodian for more than $450 billion in assets for onshore and offshore fund managers. BNY Mellon also provides collateral management solutions to dealers and investors around the globe for a range of financial transactions, including repurchase agreements, reverse repurchase agreements, securities lending, and derivatives transactions. + +JP Morgan Chase Bank is the Primary Custodian. [ASA Gold and Precious Metals Limited](https://www.sec.gov/Archives/edgar/data/0001230869/000089843213000170/a40app-a.htm). They own a shitload of mines around the world. + + > 32 ASA has been informed that if DTC places a so-called “chill” on a security, then the security is not DTC-eligible and cannot settle through DTC. To date, ASA has been unable to determine under what circumstances DTC would place a chill on (or lift a chill from) a security. Without complete certainty as to whether DTC will place a chill on (or lift a chill from) a security, ASA believes that CLS is not a reliable means for ASA to purchase securities on the TSX. + +Someone got salty as fuck in the footnotes. + + +> The Commission adopted Rule 3a-7 in recognition of the increasing importance of ABS Transactions in the financial markets based on the recommendation of the Division of Investment Management (the "Division") in its 1992 report, Protecting Investors: A Half Century of Investment Company Regulation (the "1992 Report").9 Prior to the adoption of Rule 3a-7, Issuers fell within the definition of an investment company under Section 3(a) of the Act and, absent qualifying for exceptions from the Act under Section 3(c)(5) or obtaining exemptive orders from the Commission, were subject to a regulatory regime under which they could not operate. In adopting Rule 3a-7, the Commission stated that it intended to "remove an unnecessary barrier to the use and development of structured financings."10 +Under Rule 3a-7, an Issuer that meets certain conditions is deemed not to be an investment company under Section 3(a) of the Act. + +Well well, what is this? + +> Consolidation within the financial industry that occurred throughout the 1990's and into the 2000's as a result of bank mergers and sales and related acquisitions of trustee services businesses by banks has resulted in a significant decrease in recent years in the number of bank trustees providing services to Issuers. For example, during 2013, five bank trustees acted for 89% of approximately $215 billion in new U.S. ABS.15 The Applicant acted for approximately 25% of all new U.S. ABS in 2013. By contrast, in 1990, the top five bank trustees acted for 35% of the approximately $46 billion of publicly-offered new ABS.16 + +Wait. Wait wait wait. + +> The Commission noted when it proposed Rule 3a-7 in 1992 that the Independent Trustee Requirement "would not depart from industry practice," because "virtually all trustees are unaffiliated with the other parties involved in" an ABS Transaction.14 The absence of trustee affiliations was primarily due to the limitations imposed on permissible bank activities at the time. Due to: (a) consolidation of the banking industry (and corporate trustees in particular), (b) economic and other business factors and (c) the expansion of banks into investment banking, including the underwriting of securities issued by Issuers, most trustees that provide services to Issuers, including the Applicant, have affiliations with underwriters to Issuers. As a result, when, as is frequently the case, an affiliate of Applicant is selected to underwrite ABS in an ABS Transaction, Rule 3a-7(a)(4)(i) generally prevents the Applicant from serving as trustee for the Issuer. + +And then ofc a written lack of liability. + +> Unlike a trustee for a corporate or municipal debt security that may need to pursue discretionary remedies against the issuer in the event of a default, a trustee for an Issuer has no operating entity to pursue for such remedies. The default risk for an Issuer is solely related to risks that arise from the composition and performance of the assets in the asset pool or the insolvency of the servicer or credit enhancer. + +Trustees can be granted quite a bit of power if a company folds. + + > When liquidation is mandated by the Transaction Documents and circumstances of the transaction, the trustee will preserve the assets of the Issuer, using the available cash flow to make payments, disseminate information to investors and may be subject to the "prudent person" standard. If a servicer of the assets defaults by failing to perform its obligations or due to its insolvency or bankruptcy, the trustee may have the legal obligation to perform the obligations of the servicer until another servicer is selected. + +Another nod to Citigroup, who's been in some trouble lately. + +> Citigroup Inc. (“Citigroup” or “Citi”), the parent company of the Settling Firm, CGMI and the other Adviser Applicants, is a global financial holding company whose businesses provide a broad range of financial services. The Settling Firm is a financial services holding company and the direct parent company of Citibank. CGMI, a New York corporation and an Affiliated Person of the Settling Firm, is a full service investment banking firm. CGMI engages in securities underwriting, sales and trading, investment banking, financial advisory and investment research services. CGMI is registered as a broker-dealer under the Securities Exchange Act of 1934 (“Exchange Act”) and as an investment adviser under the Investment Advisers Act of 1940 (“Advisers Act”). CGMI currently does not perform Fund Service Activities (as defined below) for any Fund 1, but it may seek to do so in the future. + + + +I get it, so you're like they're all like that, right? Well, smaller companies with a dream and a need to raise capital, they have to file a lot of stuff to get an IPO to be able to offer stock, and THEN hope someone meets the minimum projected capital. Cause, look at [Brix Reit](https://www.sec.gov/Archives/edgar/data/0001723028/000114420419020703/tv519457_40app.htm) trying to raise funds for student housing. I like this company and they seem so much more transparent. And they're [struggling](https://www.sec.gov/Archives/edgar/data/0001723028/000172302821000003/brixreit-202102121uxmessag.htm) + +Considering how many small businesses have filed Beneficial Ownership with big banks, what a shame these guys are struggling so much. + +You know those Funds set aside for 'Advisors' and 'Managers' to avoid federal tax income (and state taxes), and to preserve capital? They have billions of dollars. What are they preserving capital FOR? + +I'm not going to list more parent companies or 40APP in this Part. Just know Morgan Stanley is not unique, and they're using small companies for their own growth. + +It can be beneficial, SpaceX got their chance cause of North Holdings, which is controlled(basically) by Citadel, sure, but SpaceX is going to revolutionize how NASA makes their shit. So that's cool. + +But what about the companies like Brix Reit struggling cause student housing took a huge hit? Oh right, they had to implement a Plan of Liquidity. Maybe they should know the right people, huh? + +I know it's disorganized. I didn't work in the finance side of legal, so I'm parsing a lot of new information. + +im sharing the search with you guys cause there HAS TO BE A BASE OF KNOWLEDGE to understand all these brilliant DDs that other people are writing. + +I can't teach worth shit but i can share links and thoughts. ill keep working on it tho my brain is dusty + +I think the next part will involve Citadel, they've been up to a lot with talking on small companies looking to have their own IPO. Citadels interest is definitely snatching up new dealers with unmarked cups. + +NEXT TIME +Hello everyone! Im a junior trader, started on my 18th birthday with my graduation/birthday money, and have a very solid growth (In the green, yay). I'm 20 now, and would like to pump some more money into my portofolio, and see some larger growth. + +I used RH for awhile, I personally had no problems, but the Analytics is garbage, and as a self taught economist going to school for economics, it seems poorly informed on trends and whatnot. Also RH gets weird when you get large amounts of buying power and stocks. + +What brokerage/app should I upgrade to? Im looking for non-comission, easy account access/transfer for emergencies. This probably sounds dumb, but I'm trying to learn more and more. + +Any tips would be helpful, thank you! +I found myself in a good position, but not sure what do from here. + +A few weeks ago I bought an AMD Sep 2022 **$170** Call LEAP for 2.99. The premium is now up to 19.78. + +I got in with the idea of holding it until mid-next year but did not expect the recent AMD pop. I also read about the potential AMD and Xilinx merger. My understanding is that it's best to close positions before mergers. + +Any suggestions? What are other long AMD call holders doing? + +**EDIT**: Deleted my previous post on this topic as it was utterly confusing given my mistakes while posting. + +**EDIT 2**: Thanks guys. Followed everyone's advice and STC once the premium hit 22.40. +I am thinking of allocating a large amount of capital to the wheel strategy/weekly far OTM covered calls (with mostly SPY and a select few blue chip stocks), and using ONLY the premium from that week to trade speculative call and put options. If I win, I use the profits to accumulate more shares to build another 100 share position to feed the theta gang machine. If I lose, I only lose out on the premium for that week and I live on. I plan to never sell shares unless assigned, and it will always be OTM above my cost basis. I understand this isn’t a insta win strategy and there are obvious downsides involved, but I’m curious if anyone has ever experimented with this kind of strategy. +I initially posted this on r/options but someone recommend I get your opinions also. Before you read the following, my main question to you, if you sell naked options, is what is your monthly percentage return? (since you don't put up any collateral, how much do you earn as a percentage of your total account value?) + +I am not applying for Tier 3 because I might mistakenly make a silly trade and get effed. But how about people on this subreddit? I realise selling naked options is not an infinite money strategy as I once read on [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) or is it? + +Have you indulged in selling naked options? How much capital have you invested (including apart from options)? Is it infinite money? How much do you earn from selling naked options (on a monthly basis)? Is it worth it or just too risky? Are you a stock genius with 10s of years of experience to be doing this? +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. +Genuinely curious to here from the tradies out there that have started their own business. + +We have alot of threads on here talking about salaries, WLB and benefits. I find these get mainly dominated by people in tech or government. + +Would love to hear from the other side of the fence, especially as I am from a HVAC Trade background myself. + +Whats the pay like? How about your hours? Any regrets? General experiences and anecdotes welcome. +Throwaway account. First off, thanks to everyone in this thread for the years of guidance. In my mid-30’s, single, US citizen based abroad, current NW \~$4m fully derived from what is explained below. No home, still rent and live a pretty lean/minimal lifestyle. + +I was fortunate to cash out \~$6m (pre-tax) in crypto in December to lock in some security. To clarify, my job is in crypto and this job granted access to early stage opportunities that profited through both work upside and investment upside. There is still additional upside tied into many of these contracts for the next 1-2 years, fully dependent on market performance though so no guarantee. + +In short, I have absolutely no clue what to do now with this money. All of the funds are currently sitting in my bank account. My idea was to throw most of this into index funds (DCA) and let it compound while living off of future earnings. Truthfully, the current market is making me hesitant and I am getting rapid analysis paralysis. Inflation kills cash, equities are currently a falling knife, real estate is hyper inflated, crypto is…dead :) etc. + +My goal is to keep things simple and beat the market. I am not looking for any more home runs, but I would also not enjoy watching things go backwards. I prefer simple portfolio allocations and minimal headaches, hence the traditional FIRE ETF approach. + +Do I simply just start deploying into ETFs asap and disregard the current slide and urge to time the bottom? Buy real estate for the sake of preserving some of this cash? Looking for any and all guidance. I know the general consensus is to not time the market, but is waiting a few months until we get clarity completely amateur given the inflation eating into this cash sum? + +Thanks in advance. +Apologies in advance if this is off-topic. + +I'm well aware of the cautionary tales of using funds/wealth managers vs. sticking to passive index fund investing. In fact, aside from the "fun money" part of my overall portfolio, the core of my portfolio is invested in much the same way as you might see in a Wealthfront account. All that said, I'm opening the private bank accounts as we speak and I'd like to know if I'm missing something. + +First, some context. Reasonably speaking, my wife and I are both young (34-35 y/o), self-made high-earners. I'm an entrepreneur/CEO with an engineering background and my wife is a doctor as well as an entrepreneur in her own right. For these reasons private bankers have been interested in working with us; but more recently, I had a liquidity event that earned myself and my two business partners eight figures. + +Over the last few weeks, a couple bankers from one of the most reputable firms in the world whom I met over a year ago have proposed an arrangement that seems to me to be a no-brainer. + +First of all, they are going to let me move all of my assets over, but instead of charging me the 1% management fee on the entire portfolio, they are going to break 20% out into an account that they manage for me, and I only get charged the fee on that single account. Meaning my effective management fee is 0.2%. + +Second, this relationship allows me to unlock some incredible features/products and rates that I haven't seen elsewhere. For example, I receive a line of credit open against the assets (line size is about 65-75% of total assets depending on risk profile) at a rate of LIBOR + 0.83, meaning I can keep my assets invested and still stay liquid by borrowing a huge sum at an incredible rate of 0.94%. + +Other products include syndicated access to some of the highest-grade private placement opportunity zone deals, private equity funds, and real estate funds. These are funds that typically have minimums in the tens of millions and reliably produce annual returns of 15-20%+. + +Finally, in terms of general borrowing, the bank takes a very holistic look at who I am. So, for example, if I found a new company, they are happy to combine personal and corporate balance sheets for lending purposes. They also have extremely creative structures to enable seamless real estate financing, whether residential or commercial. They write their own paper so don't have to conform to Fannie Mae/Freddie Mac rules. Right now they're quoting me a 2.8% 30-year fixed to refinance my $1M mortgage on my $1.5M house (of course the other option we're talking about is just to use the 0.94% line of credit!). + +All things said, my position at this point is that paying the 0.2% and allowing them to actively manage 20% of the portfolio is worth it to unlock these other products. The credit line alone is so powerful I feel like I unlocked a new weapon in a video game. + +Am I missing anything or would you proceed as well? +CNBC had a segment on today about Buffet and how his portfolio is currently 73% in 5 stocks if I remember correctly. + +Largest position is AAPL + +I think the others are AXP, BAC, CVX and KO. + +Thoughts? + +I did add a couple shares of CVX today at aths lol! + +Hey gotta start somewhere! Maybe I can average down.... + +I would assume the other 27% though is his diversity? + +I'm not sure how many stocks he has all together. + +I'm wondering if each share of BRK.B is a snapshot of these same stocks with an equal weighting? +I understand how apes feel when apes see others missing out on the situation with GME and how people outside of this and related subs are out of touch and ignorant about what’s happening. + +Apes can help those who are in need post MOASS with all the gains. I have no doubt that many of the apes in the forum will in fact do what they can with their newfound wealth to make the world a better place. But rn, there is no need to convince others in unrelated subs to join the fight. Apes most likely already own multiple times the float. + +Like many have seen before, they’ll call apes of this community idiots, shit on the god tier DD’s, question the motives of the AMA’s, point to shitposts and non-DD’s, call apes **cultists**, etc. But they can’t back their claims bc they most likely have no idea about what’s going on with GME. + +Those who know and have been following this situation closely know all the fuckery that’s been going on and have more knowledge and understanding than those on the other subs. When the time comes, trust me, FOMO will kick in. Like with Dr. Burry and DFV, the apes time will come. + +TL;DR: + +Just wanted to say that there is no need to try to convince folks on the other subs to join in on GME. I know the intentions are good and want to educate and help others. Apes can do that with the new found wealth post MOASS. Take care of yourselves and your loved ones first. + + +All that is required is to + + **BUY HODL VOTE** 💎🙌 + + +Thank you ❤️ + +Edit: + +A warm welcome to all those who have decided to join the apes in this journey!! Please take the time to read the DD’s in support of the MOASS theory, which brokerages are safe to use, FUD tactics, how to protect new found wealth, direction the company is headed towards etc. and make your decisions based on your own due diligence. + +Also, please don’t get me wrong, apes don’t alienate potential apes. Remember the message to be excellent to each other!! +Hello all, + +My parents (late 40s/early 50s) have never been good savers. Despite making a 6 figure income, it was not until recently (last \~3 years) that they started seriously saving money for retirement. In just three years of getting their stuff together, they have amassed 80k in savings (spread in 401ks, IRAs, and savings account). I'm pretty proud of them for this, and was recently having a convo with my dad about how if they keep this up, they could probably retire with some decent savings. + +My dad's reaction to this surprised me. He informed me that he and my mom have no intention of saving more than 100k. According to him, it's better to retire "super poor" as this is how you get the maximum amount of government benefits (social security, health insurance). He also is convinced that upon retirement, the government seizes half of your assets/savings. + +My parent's fear of this happening is so strong, that not only do they not want to save more than 100k, they also intend to blow most of it by the time they retire. In their minds, the goal is to retire with no assets and $0 in savings; having *any savings* at all will screw over their retirement benefits. + +Now all of this sounds like a terrible idea but I'm not super educated on any aspect of retirement. My brief research tells me that social security benefits should not be affected by assets/savings upon retirement, but is this the case? Is eligibility for Medicare affected? Thank you +I feel like such a shithead. I'd be dead without them. My job pays well but I just started so all my money is going towards backdebt and my epilepsy costs a fortune. + +I'm sure she will probably understand but I feel like the worst person ever that I can't even afford her a small $20 blouse or something. Her birthday is today and I'm dreading going home from work to having to say this. + + +Edit: thanks for the ideas. I will write a letter. +For any of you out there that have already made it to the goal of Financial Independence...... What was the key to your success? If you had to start all over again what could/would you do differently to get your goals quicker or more effectively? +https://www.bloomberg.com/graphics/2018-payment-systems-china-usa/ + +> The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies. That contrasts with the U.S., where numerous firms feast on fees from handling and processing payments. Western bankers and credit-card executives who travel to China keep returning with the same anxiety: Payments can happen cheaply and easily without them. + +> Alipay and WeChat have since swelled in popularity, boasting 520 million and 1 billion monthly active users, respectively. Consumers sent more than $2.9 trillion inside the two systems in 2016, equivalent to about half of all consumer goods sold in China, according to the payments consultancy Aite Group. + +> In contrast, U.S. consumers still rely on banks for most non-cash payments—whether it’s by check, debit, credit or a growing number of other payment systems tied to their bank accounts. Connected to that is a universe of wallets and payments systems operated by the likes of PayPal Holdings Inc., Apple Inc. and Alphabet Inc.’s Google. From the perspective of merchants, too much of the U.S. system siphons off enormous amounts of money. + +> Perhaps the clearest opportunity lies in siphoning off some of the fees that U.S. merchants pay to accept cards and mobile payments—about $90 billion a year, according to the Nilson Report, an industry newsletter. That money gets parceled out to card networks such as Visa Inc. and Mastercard Inc., payment processors and banks, which pocket the largest share. + +> In China, analysts expect third-party payment providers to earn about 40 percent of such fees by 2020. If apps were to start grabbing market share in the U.S. at roughly the same rate they did in China, it would take a $43 billion revenue bite out of a business banks count as among their most profitable. + +> But that’s just one way that U.S. banks impose fees. They also generate revenue by dispensing cash. If payments apps were to replace paper money—as they have in many situations in China—another form of income could take a big hit. + +> Checking accounts generate about $3 billion in bank fees, which would dwindle if consumers embrace apps ($1.8B in overdraft fees, $783.3M in maintenance fees) + +> Soon, U.S. bank executives won’t have to travel far to see China’s systems up close. Alipay, owned by Jack Ma’s Ant Financial, has spent the better part of the past year inking deals with payment processors that will allow it to bring its technology to America. Already, many New York taxis offer it as a payment option to customers. + +> Meanwhile, Chinese consumers are starting to park more of their savings with the apps. In 2013, Alipay began offering money-market accounts. By last year, it had built that business into the world’s largest money-market fund with about $243 billion. For banks, that’s yet another bite. They traditionally hold customer deposits and use that money to fund loans—generating significant profits. If U.S. consumers were to start storing their extra cash with apps, banks would have to find an alternate—probably more expensive—source of funding. + +> Still, banks and payment networks have a lot to lose if technology firms succeed in grabbing market share—and there are signs that Alipay and WeChat aren’t the only firms that may flex their muscles. Amazon is said to be interested in offering its own product to mimic checking accounts while offering to lower costs for retailers who use its online payments service. + +I wonder how this would impact Mastercard, American Express, Visa, and other banks/companies involved with credit/debit cards? +**TL;DR: Gaming NFTs will open the door for adoption in other commercial sectors. Everything you own will soon have a digital identity.** + +\_\_ + +&#x200B; + +In 2020, 54 billion U.S. dollars was spent on supplementary in-game purchases. Approximately zero of it trickled down to resale value for purchasers. + +Seem unfair? That’s because it is. It’s also why Justin Kan considers gaming NFTs a bigger opportunity than streaming (he’d probably know; he built Twitch). + +Gaming does seem like a perfect use case for NFTs. We grind for hours to collect resources and craft items. Many of our Fifa avatars have more swag than our actual fits. So why shouldn’t we be able to trade and sell these digital goods? We bought them. We earned them. + +Now think how NFTs will disrupt this system: digital items that were once centralized and produced at zero cost can now be part of real world secondary economies. Interoperability solutions like BTP from I.C.O.N and CCIP from L.I.N.K, will allow NFT skins to be worn in both Fortnite and COD and then listed for resale. + +Teams like mine are developing open world MMOs where the characters, resources and crafted items are tradable NFTs right now. Eventually, video games themselves will be resold on secondary markets. + +If you are a Gamestop/Web3 follower, you know this. In fact, it’s probably why you are in this space. But now let’s talk about where things get really exciting: the dissolving line between physical and virtual economies. + +NFTs will allow physical goods like Nike soccer cleats to be instantly linked to their digital versions, providing both proof of ownership and virtual utility. For example: you go to the store, buy some Vapors. Instantly your Fifa Avatar has the same kit. Then, if you want to sell the cleats in real life, you trustlessly prove the sale via NFT transfer. + +Bada bing, bada boom. Ownership democratized, digital goods given value, an entire new economy created. Following this model, NFT assets and their secondary marketplaces are poised to revolutionize not just gaming, but commerce in general. + +Soon, we will start to see NFT items for all major retailers, most likely starting with art and fashion verification. Supreme and Gucci, which have a huge problem with counterfeits will use NFTs for authenticity verification and allow you to rep their brands in the metaverse. Don't be surprised when IKEA, Bed Bath and Beyond and other mainstream adoption quickly follows. + +Everything you own will have a digital identity. And with that comes proof of ownership, resale opportunity and massive amounts of disruption and innovation. + +Some feel the recent metaverse push is premature. That’s fair. The tech isn’t there yet and the public hasn’t been prepped. But big tech recognizes NFTs are a game changer and they are rushing now to build the infrastructure of the future. I want this infrastructure to be built according to blockchain first principles and not the self-interest of tech overlords like Zuckerberg. + +And so I build. Starting with my team’s first gaming project that I hope to see on Immutable X/Gamestop's NFT marketplace soon. In the meantime, I also buy, DRS and hold. Because I believe in Ryan Cohen, the blockchain community and that NFT gaming will be Gamestop's Trojan Horse for the web3 revolution. +John Maynard Keynes wrote this essay in 1930, trying to imagine what the economy would be like 100 years in the future. He thought that as people became more and more productive and efficient, they would naturally work less and mankind would enter a new era of vastly increased leisure. He saw this a good thing but a huge challenge as well, as people would have to learn to find some other purpose in life besides working and earning money. + +This really struck a chord with me as someone considering what I might do with my life beyond working, so I thought I’d share the excerpt for the benefit of other like-minded people on this sub. RE does not automatically equally happiness; you have to put some effort into it! + +“Yet there is no country and no people, I think, who can look forward to the age of leisure and of abundance without a dread. For we have been trained too long to strive and not to enjoy. It is a fearful problem for the ordinary person, with no special talents, to occupy himself, especially if he no longer has roots in the soil or in custom or in the beloved conventions of a traditional society. To judge from the behaviour and the achievements of the wealthy classes today in any quarter of the world, the outlook is very depressing! For these are, so to speak, our advance guard-those who are spying out the promised land for the rest of us and pitching their camp there. For they have most of them failed disastrously, so it seems to me-those who have an independent income but no associations or duties or ties-to solve the problem which has been set them. + +I feel sure that with a little more experience we shall use the new-found bounty of nature quite differently from the way in which the rich use it today, and will map out for ourselves a plan of life quite otherwise than theirs. +For many ages to come the old Adam will be so strong in us that everybody will need to do some work if he is to be contented. We shall do more things for ourselves than is usual with the rich today, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter-to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us!” +Alright. . . I'm looking to start some controversy. This is the discussion of the century. The great bambino of topics. . . The alpha and omega. + +For you dividend investors - - - + +1. Are you investing for dividends inside of a retirement account like a ROTH? If so, why? + +2. Are you investing for dividends inside a taxable account and if so why? + +I can see the reasons for both. Both accounts have many benefits but also drawback. In my opinion, I want to use my dividend income now instead of only having access to it at 59/60. . . I'm looking to be financially independent sooner than 59. Why would you put dividends inside a Roth and not be able to use those dividends while you are young? Thoughts? +I have 15 ( mostly aristocrats) that I’m now focused on building to fund a portion of fixed living expenses. + +Currently, top 5 holdings are VZ, INTC, O, MMM, KMB. + +I love the business model of O and the fact they pay monthly. I have a diversified mix of dividend paying stocks and now I’m thinking of just buying O if the price and yield stay attractive. + +Any downsides of a portfolio very heavy on O? +Hi everyone, I’m 21 years old in college, and I’m looking to opening an account focused on trading for Dividends. Was wondering who do you guys trade with? + +I currently trade with Fidelity for my Roth IRA, so was leaning towards trading with them as well. + +Another question is I’m looking to put in $250 every two weeks with my paycheck, is that a good start? + +Thanks for any input and responses! + +Friday got in with PHUN at 8ish once market opened because IDK that I could buy in pre market. Bought 128 shares and hit 18 after the halts and I’m such an IDIOT that at that moment, I’m starting at OTH 24, without taking my huge profit. Next thing goes down to were I was, sold at 8 and bought again 100 at 11 to get that MF! I’m holding my 100 shares. At this point I think I’m setting myself to God know what, but won’t sell under 15. FK IT!! +I HOPE I LEARNED THE LESSON. +Greed is goooood😂 +Question, if I see in pre that hits 14,15 can I sell and get that price? +Because with my luck if I wait till open might hit $2 +Like many first year traders, emotion remains a big (if not the biggest) deterrent to my progress. Pinpointing the source cause of the problem was rather easy (lived with an overprotective attitude toward money my whole life stemming from practices within the family). Fixing it has been a bigger challenge. + +Here’s what I’m finding so far… + +- When I take profits, I feel like I’m on cloud nine. When I stop out, I feel like the rest of my trading day is going to be ruined. I don’t want to feel either, but it can’t be helped. My goal is to get to a point where I can robotically do both without feeling too high or low. + +- Even when executing a high-probability strategy (verified through countless backtests), there are always thoughts of “but this time…” For instance, “yes this fits your entry criteria, but this time you might lose, so don’t enter,” so that moment of hesitation keeps me out. The worst is “yes, it’s not at profit target, but this time it might not get there, so take profits now before it reverses,” and I hit out before it makes the move I wanted. + +I’ve done everything in the book to minimize these interferences—sizing down (I’m trading one or two shares now), not taking trades where the stop loss is too wide, and even binge-watching/rereading Mark Douglas—and it seems like I still can’t shake these emotions consistently enough at this time. + +My question is: for those who may have gone through similar emotional struggles, how long did it take you to conquer this hurdle? What specifically did you do to get there, or was it just time and/or experience that helped make it better? +All hell is breaking loose, sell everything! :D (specially please make decisions without technical details about the underlying issue). + +Just wanted to give a shot out to the whales and microwhales who have been here for a while, happy hodlering :) + +I have been here enough to know this is just fun and I'll try to take advantage of it... we will hard fork or not but the EVM will prevail and that's all that matters... metropolis is not even out yet and devcon2 is coming, not to say the rumors I've heard about Toronto Stock Exchange and Microsoft... so I'll be happy to buy below 15 anytime... thank you +I may just be completely lost if someone can help me understand this better. But this is what I understand. + +- Local governments can levy taxes from the value of land/housing within their area. +- Every few years the valuer general evaluates the value of land. +- The higher the value, the more tax the local governments can levy. +- Local governments control zoning and can dictate how much land can be newly zoned or rezoned. + +So with this process is it not an incentive for the local governments to keep housing/land prices high so they can levy more taxes to retain political power? So they artificially restrict new zones or prevent rezoning for more houses/apartments to be built on those zones? +Am I missing something here? Seems like an issue people don't discuss much when talking about housing affordability. +There is an old saying on Wall Street. + +>There are many possible reasons to sell a stock, but only one reason to buy. + +If you think about it, you can sell stocks for any number of reasons - downpayment for a house, a medical emergency, or just plain profit booking. But when you are using your hard-earned money to purchase a stock, there is only one reason. You expect the stock price to go up! + +It’s not a hard stretch to imagine that company insiders who are in high-ranking positions (CXO’s, VP’s, Presidents, etc.) would have a better understanding of the company and its expected future performance than any financial analysts out there who are just working with publically available data. So if these well-informed insiders are making significant stock purchases, does that mean they expect the stock price to shoot up soon? + +In this week’s analysis let’s put this to the test. **Can you beat the market if you follow the stock purchases made by company insiders?** + +[ ](https://preview.redd.it/l8cj6oempgo71.png?width=1728&format=png&auto=webp&s=50cd02e01eb146e74e901c524669fc9cec850919) + +**Data** + +The data for this analysis was taken from **openinsider.com** + +it’s a free-to-use website that tracks all the trades reported on SEC Form 4 \[1\]. While there are a lot of transactions that are reported daily to the SEC, I kept the following conditions to reduce noise in the data. + +* Only transactions done by CXO’s, VP’s and Presidents (people who have a significant view of the company strategy and operations) are considered. +* A minimum transaction value of 100K +* The transaction should be purchase (Not a grant, gift, or purchase due to options expiration) + +The financial data used in the analysis is obtained from Yahoo Finance. + +[ ](https://preview.redd.it/ziz4q7jmpgo71.png?width=1728&format=png&auto=webp&s=94675b73d3a0634816392cae6446f99e3d567c5c) + +**Analysis** + +For all the transactions, I calculated the stock price change across different time periods (One Week, 1-Month, 3-Months, 6 Months & 1 Year) and then benchmarked the returns against S&P500 over the same time period. + +My hypothesis for choosing different time periods was to understand at what point would you generate the maximum alpha (if we realize any) over the benchmark. All the results are checked for outliers so that one or two stocks are not biasing the whole result. + +&#x200B; + +https://preview.redd.it/rlmdyammpgo71.png?width=1728&format=png&auto=webp&s=a2c2b79fda92fd72a12cabc139e1f5855be1f9c3 + + **Results** + +[ ](https://preview.redd.it/etrwms5ppgo71.png?width=909&format=png&auto=webp&s=7db666afd495bdf639415e86c860db1234407ef9) + +Surprisingly, if you had followed the insider purchases, you would have beaten SPY across all 5 different timeframes. The alpha generated would also have increased with increasing timeframe with the insider purchase trades beating the S&P500 by a whopping 17.6% over the period of one year. + +I have kept 1-year timeframe as my limit mainly due to two reasons. First, I started the analysis for identifying short-term plays, and secondly, given our entire dataset is over the last 4 years, anything more than 1 year would not have data for a significant chunk of our population which can affect the analysis. + +https://preview.redd.it/90ls02yppgo71.png?width=830&format=png&auto=webp&s=dab2ae71d385ed8db9c2c8c11bbcee7bd418fcc1 + + But the number of trades that made positive returns shows a different story. When compared to trading SPY, a lesser number of trades would have generated profits in the case of following insider purchases. The key here is that while the chances of your trading making a profit is lower, if it does end up making a profit, you would generally have had a better return than the market. + +https://preview.redd.it/l5x6hrompgo71.png?width=1728&format=png&auto=webp&s=4494424b450c9849d901de716411126762cfb483 + + **Limitations to the Analysis** + +There are some limitations to the above analysis that you should be aware of before trying to replicate the trades. + +* The data I collected has a lot of small-cap companies which are inherently more risky than a large-cap index like S&P500. Given our returns are not risk-adjusted, the alpha we are seeing here might just be due to the higher risk you are taking on the trades \[2\] +* The analysis is limited to the last 4 years of data during which the markets were predominantly in a bull run (except the Covid-19 crash) +* Finally, this assumes that you will buy an equal amount of stock whenever a company insider does a trade which might not be practical given our inherent biases and apprehensions\[3\] + + + +[ ](https://preview.redd.it/1vrszy9spgo71.png?width=1728&format=png&auto=webp&s=f3c14f1885cecefaf5c99cc03d63ed9d8ff24dc4) + +**Conclusion** + +Usually, insider purchases are used to gauge the overall market sentiment. A very high proportion of sells over buys signify that insiders are losing confidence in the stock/industry and it’s time to get out of that market. + +This analysis shows that the individual trades can be used for identifying stocks that are worth buying by analyzing the insider purchase patterns. This should be just considered as a primer into the topic as SEC Form 4 has a treasure trove of information \[4\]. + +You may or may not implement this strategy based on your investment style. But at the very least, you should check for the insider transaction pattern before investing in a particular security! + +Google Sheet containing all the data used for analysis: [Here](https://docs.google.com/spreadsheets/d/1Cxj5FDxbCikjuS4w14PXnm2QDwIxHGaJANPjjF-R6wA/edit?usp=sharing) + +Until next week… + +https://preview.redd.it/29y4qxaspgo71.png?width=1728&format=png&auto=webp&s=6a85a7dd87ce48e2828dea965bb829ebf306e63c + +**Footnotes and Existing Research** + +\[1\] SEC Form 4 is what an insider file when he/she makes a transaction. It’s expected to be filed within 2 days, but I observed more delay than that in many cases. For the purpose of this analysis, I have considered transactions that were reported no later than 10 days. + +\[2\] [Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective](https://econpapers.repec.org/article/tprrestat/v_3a85_3ay_3a2003_3ai_3a2_3ap_3a453-471.htm) : The study published by Leslie A. Jeng and Richard Zeckhauser of Harvard found that insider purchases beat the market by 11.2% per year. Even after adjusting for the risk using the CAPM model, the returns beat the market by 8.5% + +\[3\] Very few people have the ability to keep their emotions away from the trades when a significant chunk of their money is at stake. + +\[4\] You can filter for the role of the insider (for eg, if you want to track only the CEO purchase/sales), industry, percentage ownership change, the current value of stock owned, etc. There are thousands of permutations in which you can do this analysis to find some alpha. + +\[5\] Multiple research papers over the last 3-4 decades \[[eg.1](https://jbepnet.com/journals/Vol_4_No_3_September_2017/5.pdf), [eg.2](https://www.insidermonkey.com/blog/the-insider-trading-anomaly-recent-academic-studies-591/)\] have shown that insider purchases significantly outperformed the market + +&#x200B; + +Thank you for reading :) +https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20201873.pdf + +Just over six months after the global pandemic was declared, the US is still seeing new weekly jobless claims higher than the worst week of the Global Financial Crisis. + +From the report: + +>The advance number for seasonally adjusted insured unemployment during the week ending +September 19 was 11,767,000, a decrease of 980,000 from the previous week's revised level. The previous week's level +was revised up 167,000 from 12,580,000 to 12,747,000. +Hi all, + +I'm just about finished with my first house-hack/BRRR combo strategy and it is going well, but could use some advice and direction at the tail end here. + +I purchased and moved into a distressed off-market property in January of this year for $400K, putting 10% down ($360K mortgage). The house appraised for $430K, giving me a decent chunk of equity right off the bat. I took out a 100% LTV HELOC at a local credit union for renovations, and spent about $60K to fully update the place (so ~$420K total in debt financing). + +I just got my appraisal back last week and ended up at $645K – I am very pleased with this outcome and think this deal went very well! + +My initial plan was to do a cash-out refi at 80% LTV, use the funds to pay off the old mortgage and HELOC, and be left with ~$90K to reinvest in a second property. With rates ballooning so much in the last few months, I want to double check that that is my best option. + +My current mortgage is around 3.5%, and my HELOC has gone up to 11.25%. My broker estimates my new mortgage would be somewhere between 6.5-7%. It pains me to refinance my initial mortgage and double my current rate, but I can't think of how else I can pay off my expensive HELOC. I also don't want to have ~$90,000 in "dead equity" and would love to use that for another down payment. + +So my general question is: is refinancing (and doubling my current rate) worth it to pay off my HELOC and cash out my extra equity? Is there another option to keep my current mortgage and still cash out/pay off my HELOC? Any guidance or thoughts would be greatly appreciated. + +EDIT: For clarity, the combined mortgage + HELOC payment will likely be very similar to the combined new loan, I think ever so slightly cheaper (within $100). + +EDIT 2: After thinking more and talking to my HELOC lender, I should be able to refinance my 100% LTV line into a much cheaper 80% LTV line at roughly 7.5%. This provides the best of both worlds in my mind. +Wanted to post the high level overview and see if anyone had any tips/ best practices, or has possibly done something similar and had any advice: + +Where I am (as I'm sure most places) inventory is getting scarce for 2-4 unit properties. People are paying well above what I would consider a good price. So we decided to purchase 2 off market lots and build brand new construction. I'm a Realtor and my partner om the project is a contractor, so we're able to do things a bit cheaper than normal. Still figuring out the specifics with the plans, but each double should be around 2000 sqft (3/2 each side). Idea is to build, keep for 3-5 years and sell- or possibly refi sooner into and 30 year mortgage and hold long term. I'll manage them myself. + +Lot purchase: $23,500 +Construction: $198,000 ($98/sf) +Closing costs: ~$4,000 +Insurance, plans, etc: ~$3500 +Est Total cost: $229,000 + +Estimated mortgage (20yr am): $1900 + +Est. 30 yr mortgage (if we refi): $1500 + +Gross rental income: $2500 + +Edit: +Based on comps, it should be worth around $286,000 ($140-$145/SF) upon completion. +Sources close to the embattled fuel cell truck manufacturer are reporting that founder Trevor Milton has resigned as Chairman of Nikola Motors (NASDAQ: NKLA) and has departed the company effective immediately. + +He will remain as one of the company’s largest shareholders, but will not have a say in how the company is managed going forward. Sources tell FreightWaves that the decision was Milton’s, in an effort to protect the company and his investment. Milton owns approximately 82 million shares or 20% of the company, worth about $2.8 billion dollars. + +Milton is the founder of Nikola Motors, creating a vision for a hydrogen powered trucking industry. His comments about the capabilities of Nikola and the hydrogen powered trucking network he planned to build have occasionally stretched beyond what is physically possible, leaving many detractors to highlight these statements as proof that the company is a scam. + +Others, including many in the industry and suppliers that partnered with the company, saw a firm with a grand vision and opportunity to make a major impact on the future of the transportation industry. If successful, Nikola could have a huge impact on the carbon footprint of one of the world’s largest source of emissions. + +Before the company went public, few had heard of the company outside of the heavy-duty trucking industry. The company completed a reverse merger IPO or SPAC offering in June, which gave the company a valuation higher than Ford. The company has yet to mass produce a product and all of it’s revenue to date came from selling solar panel installation services to Milton. +I turn 18 in February 2017. I live in North Carolina. [I've also posted this](https://www.reddit.com/r/almosthomeless/comments/498i24/going_to_be_homeless_in_a_little_under_a_year/) in /r/almosthomeless: + +> So my dad said he'll kick me out when he's legally able. How should I prepare for when I'm out? + +> I know I need the following: + +> * A car especially because of where we live where public transportation is basically non-existent. + +> * Car insurance since I can't legally drive without it apparently. Or can I get by without it? How much trouble would I get in if I don't use it? + +> * A job for obvious reasons. + +> * I guess I can sleep in my car if I ever get one. I know of some places in which I can hide it and sleep at night. If I don't have a car by the time I'm 18 then I have a sleeping bag but I don't know where I'd go. + +> Maybe if I can get into a college I can take out a loan and I'll just have to be homeless over the summer and last semester of high school before I get a dorm to sleep in. I doubt I'll be able to get any scholarships no matter how small, but I'll apply for those. How do student loans work though? Would interest start to accumulate after I've completed college? + +> I'm currently a high school junior living in North Carolina. Does anybody know of any government programs that can help me financially? + +Thanks. + +EDIT: Wow, I got way more responses than I thought I'd get. I'll have to finish reading them tomorrow. I'm reading every single comment. +Serious question… If cryptos future depends solely on the US legislation, wouldn’t it make crypto a terrible investment? + +Thought people were here to hold for 20+ years. Did we all just assume there would be no negative legislation in the US ever? +“you will never find a more wretched hive of scum and villainy… than Facebook” -obi wan kenobi + +Hooooooly shit guys. So I’ve had Facebook for over ten years but I’ve only been on Reddit for a little less than one year. I use Facebook for the social stuff like life updates and connecting with friends, and I got into Reddit purely for the crypto advice and news. But last week I crossed the beams and joined a couple crypto groups on Facebook and BOY DID I FUCK UP. + +I know that to OGs here complain about the recent decline in helpful advice and crypto technical talk but even in its current state, this subreddit is miles ahead of what passes for “reasonable discourse” on the other site. There’s literally no news from developers or foundations, no understanding of market cap or market trends, and barely any understanding of the blockchain they’re supporting in general. + +Long story short, Facebook is trash. Not just for Russian fake news shared by boomers, but also for the quality of crypto information. Learn from my struggles and avoid it at all cost lol. +Okay so I’m currently looking into buying a house with my girlfriend. We’ve been together for a few years and are very much on the same page about purchasing a house - to serve as both a home and a financial investment. + +I’m on roughly £23,000 a year, and pay full rent and all the bills at my current house (combined roughly £700-800 a month). However, I have no savings whatsoever, a little personal debt and an average credit score. + +My girlfriend is currently still a student so only makes around £8000-9000 maybe. She does have around £20,000 in savings though. + +We’re looking at a house which has an asking price of £120,000. My girlfriend is willing to put £20,000 deposit down, and I would make the first ~3 years of mortgage repayments. After I had contributed my £20,000 repayments, we would contribute 50/50. + +Would a bank even consider this arrangement? What would be the best way to approach getting this mortgage? Any general advice in this situation? +2 months ago, I finished saving up my travel fund for a total of $10,000. It's for my solo trip to Mongolia and Japan next year. + +However, I'm having a dilemma if I should hold that trip for a moment and invest this instead while waiting for the market to recover and pursue the trip again. One of my thoughts is that investing in this won't be a life-changing result in the short term and so using this is still an investment of my memories. + +Anyone had this situation before, what did you do? +My wife just left a company she has worked at for the last 17 years. That company is privately owned and not on the stock market. She was gifted stock every year by the company and has added up to quite a sum. She recently left and is now working at a new company, an investment firm. + +She was looking to cash out her stock and roll it into an IRA with Fidelity, but is being told by her HR now that she can't do that and if she wants to roll anything over, including her 401k, she must use Charles Schwab (which is who her company uses for their 401k). Is this allowed? + +I find it very odd that they can tell her what to do with the money she has earned from a previous company. If I am asking this in the wrong subreddit I apologize. Thank you. +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!) +Today GILD releaseed a statement on ***remdesivir,*** saying data is INCONCLUSIVE, no statistical power to determine efficacy, and reports are anecdotal - after its stocks surged after hours. + +Gilead issued a statement which suggested that STAT was pumping the stock based on nothing more than "anecdotal reports" to wit: + +>***"We understand the urgent need for a Covid-19 treatment and the resulting interest in data on our investigational antiviral drug remdesivir.*** *The totality of the data need to be analysed in order to draw any conclusions from the trial."* +*"****Anecdotal reports, while encouraging, do not provide the statistical power necessary to determine the safety and efficacy profile of remdesivir as a treatment for Covid-19.*** *We expect the data from our Phase 3 study in patients with severe Covid-19 infection* ***to be available at the end of this month****, and additional data from other studies to become available in May."* + + [https://www.barrons.com/articles/stock-futures-soar-on-gilead-coronavirus-drug-report-51587079853](https://www.barrons.com/articles/stock-futures-soar-on-gilead-coronavirus-drug-report-51587079853) +>The Background. **Payments for order flow** stretch back to the 1980s. Bernie Madoff (yes, that Bernie Madoff) was a pioneer in the field, **paying** firms like Charles Schwab and Fidelity a penny or two per share for the right to make their trades. + +[Source](https://www.bloomberg.com/quicktake/payment-for-order-flow#:~:text=The%20Background,right%20to%20make%20their%20trades) + +If that doesn't tell you enough, I don't know what will. +# It all started, + +In late 2015 when I first started mining Bitcoin when I first downloaded Miner gate. After installing it and still couldn't figure out how to move it to my own wallet, I just gave up for about a year or so. It was still too complex at the time to use. I only mined about $100 bucks or so. + +2017 rolls around, BTC starts going crazy. I started investing JUST before the $20K ATH. As 2018 starts, it pretty much went downhill from there. However I never gave up because I knew Bitcoin was something special and unlike any other asset. + +All throughout 2018 I did all the wrong things you should never do as an investor. I bought at the ATH, I caught a falling knife and bought bitcoin literally as I watched it go from $20K, $15K,$10K, and down to the months long slog at $3,000. I even tried trading and buying Altcoins and lost even more money. When BTC was stuck down there, thats when I was buying the most. Even when nobody was making youtube videos anymore and nothing but FUD left and right, I was still buying. Mostly because I heard a bunch of youtubers say "buy when there is blood in the streets" so that's exactly what I did. Keep in mind I had never invested in a stock my entire life at this point. + +# The Key method of how I got 1 BTC + +Dollar cost Averaging + +That is the key. Every single week I got paid it was only about $500 a week. Since I lived with my mom and only paid half rent, every two weeks I got paid I would buy exactly 0.01 BTC (put another way, I bought 1% of a bitcoin every 2 weeks). Regardless of the price I would invest. + +Since 2018 was a bear market, It was getting cheaper and cheaper every single week. When it was $3000, It was so cheap that 0.01 BTC was like $30 or $40 a piece so I bought like 3 or 4%(0.03 BTC) every 2 weeks. Since there is 52 weeks in a year, by the time 2019 rolled around, I already had roughly 65% of a Bitcoin. 2019 was half bear and half bull market but still I stuck to my guns and no matter what every paycheck I bought 0.01 BTC regardless of price. + +Now by the time 2020 rolled around I had exactly 97% of a BTC. It was only this year That I had finally gotten to 1 BTC! I heard Charlie lee say a long time ago to stay away from Altcoins until you have 1 BTC and that is exactly what I did. After the pandemic started, I then started buying Ethereum 0.2 ETH a paycheck and I now have multiple ETH. + +I just wanted to tell my story of how I got 1 BTC and hopefully inspire others to get invested. I don't know if what I did was luck or skill, ***but the key thing is to stay consistent***. If you water a plant every single day eventually you will get the fruit. +I've been seeing these lots recently and am trying to work out the scam because surely thats what it is? There are various instagram accounts posting their lavish life style and offering a forex trading team where he gives you advice. + +They regularly upload pictures of their clients making small profits, no where near enough to be living like he does. I just want to know if anyone here has any more insight on these. Just out of curiosity really, I'd post some links but I cant. + +alix_fx +ryan_chandler_fx +Two examples on instagram +I’m just wondering if there is anyone in this community who managed to become profitable in less than a year? I see a lot of people saying that it’s pretty much impossible to be profitable in less than a few years, however I started learning how to trade around 8 months ago, just opened a live account about 2 months ago and am seeing consistent profits and placed around 50 trades sticking to my strategy and risk management. With all those people saying that it’s impossible to become profitable in such short a time I feel like I’m going to face a horrible losing streak when there is no reason for me to really think that. So pretty much if anyone has managed to become profitable in a short period of time i would appreciate a reply as it would boost my confidence back up 😁 +Hi guys to open with I'm a rookie and I some people her lose there shit over fundamental analysis posts like the bitcoin extremists hehe. But forgive me if I'm wrong but I think fundamental analysis is more important and sentiment analysis as oppose to technical do you agree/disagree why? +I don't want a 9-5 job for tbe rest of my life. I want FREEDOM. I'd like to travel trading forex. Do you thing 2 years is enough time to perfect a tradinv strategy? Is 20,000$ wnough to make a living on forex? Also I am going into 11th grade soon. I could devote my life to forex now as i have a lot of free time. Any advice would help and please dont just say only 1% make it. Im willing to work to become that 1%. +https://youtu.be/L7G0OfJUON8 + + +Do you agree with his oppinion that pretty much almost 95% of forex education is scam? That every educator (for instance on Udemy or Youtube) works for specific broker? That daytrading is not profitable? Etc. Etc. + +P.S. +His company provides forex education for 3,000 eur per year. As this is insane amount of money, do you think it is worth it? +Good evening Superstock! + +I hope everyone is have a great weekend. + +Like Dr. T said. DRS is a gamechanger. It really is that simple. + +The reason we are seeing JPM suddenly talking about squeeze conditions, is the powers that be are scared shitless. + +Gme holders have been though a lot the last year: Hearings, buy button disabled, lawsuits, all those new regulations that we thought would put a end to this months ago, and some of the most insane price action that any stock has seen (mostly without news) + +A float that is completely locked in DRS means one thing: the party is over. It really is that simple. A locked float shows fuckery and egg on the face of the DTCC, SEC, congress..you name it. Can you imagine the epic finger pointing and blame? I cant fucking wait. + +All the lies and the rigged games are over. + +DRS is literally the worst thing that could happen to anyone in power. + +The only play that makes sense is the idea of a "fake squeeze" or squeeze conditions as JPM puts it, is a literally the only play. Drive up the price and hope people sell. + +It does two things, with retail pouring in, it slows the buying power of the DRS crowd (remember how this popped of 130?) and causes people to gamble on way OTM options (please dont fucking do that) + +Shit is gonna get wild, and really quick. There will be no margin calls. Fuckery will be at all time high. + +Not financial advice, but I'm not taking any chance. + +Edit: Grammar spelling. Also realizing JPM directly benefits from any positive run, any profits can be used on puts to drive it back down....DRS, Hold, and maybe hit your local ski hill. NFA + +Edit 2: it took roughly 33 mil shares to drop this from 250 to 130ish in like 3 weeks. I'm sure everyone that owned the float decided to sell all around the same time /s +Curious if anybody here has gotten them and what your thoughts are. I'm looking at newest Human Touch model, 15-20% off for BF and considering taking the plunge. I remember testing them out 5-10 years ago when I wasn't realistically considering them and felt the technology just wasn't quite there. + +After testing them again... well, I've pretty much come to the same conclusion. However, the price no longer dissuades me like it once did. It certainly can't replace human massages, but I did come out of it feeling fairly relaxed and having some muscle tension reduced. I'm thinking it's something I could really incorporate into my daily routine for 30-60min. + +My worry is that the settings are more limited than I'd envision, or the same repeated few patterns of massages become less useful or uninteresting over time and it ends up sitting there collecting dust until I inevitably sell it for 1/3rd the price. + +Idk if it's reasonable to sit in a showroom for 3-5 hours testing a chair lol + +Anybody here have them? What do you think, worth it? +The commercial real estate market is collapsing in China, and foreign lenders are being left in the dark while Chinese borrowers are prioritising domestic lenders. + +[https://www.reuters.com/world/china/chinese-markets-return-break-more-evergrande-angst-2021-10-07/](https://www.reuters.com/world/china/chinese-markets-return-break-more-evergrande-angst-2021-10-07/) + +Notable from the article - + + SHANGHAI/SINGAPORE/HONG KONG, Oct 8 (Reuters) - China Evergrande Group [**(3333.HK)**](https://www.reuters.com/companies/3333.HK) offshore bondholders are concerned that it is close to defaulting on debt payments and want more information and transparency from the cash-strapped property developer, their advisers said. + + Evergrande... missed payments on dollar bonds, worth a combined $131 million, that were due on Sept. 23 and Sept. 29. + + With Evergrande staying silent on dollar debt payments and prioritising onshore creditors, [**offshore investors**](https://www.reuters.com/business/investors-grappling-with-evergrande-fallout-weigh-risk-wider-pain-2021-09-20) have been left wondering if they will face large losses at the end of 30-day grace periods for last month's coupons. + + Offshore bondholders want to engage "constructively" with the company, but are concerned about lack of information from what was once China's top-selling property developer, said Bert Grisel, a Hong Kong-based managing director at Moelis. + +"We all feel that an imminent default on the offshore bonds is or will occur in a short period of time," Grisel said on a call with bondholders on Friday. + + In another development, Evergrande dollar-bond trustee Citi [**(C.N)**](https://www.reuters.com/companies/C.N) has hired law firm Mayer Brown as counsel... + + The possible collapse of one of China's biggest borrowers has triggered worries about contagion risks in the world's second-largest economy, with other debt-laden property firms hit by rating downgrades on looming defaults. + +With few clues as to how local regulators propose to contain the contagion from Evergrande, the price of bonds and shares in Chinese property developers slumped again on Friday. + + The Shanghai Stock Exchange on Friday suspended trading of two bonds issued by smaller developer Fantasia Group China Co, with one dropping more than 50%, after controlling shareholder Fantasia Holdings Group [**(1777.HK)**](https://www.reuters.com/companies/1777.HK) missed the deadline on a $206 million international market debt payment on Monday. + + Meanwhile, bonds issued by Greenland Holdings [**(0337.HK)**](https://www.reuters.com/companies/0337.HK), which has built some of the world's tallest residential towers including in Sydney, London, New York and Los Angeles, and Kaisa Group both took another beating on Friday. L8N2R433Z. + +"Market participants are questioning if this may be a precursor for voluntary defaults by other developers with healthy short-term liquidity positions, but large unsustainable longer-term debt," Chang Wei Liang, Credit & FX Strategist at DBS Bank, said in a note. +I've seen a number of comments regarding Pledged Asset Loans and other forms of asset-backed loans in threads about house-buying, though can't seem to find much detail on how these work. + +I have >$20M in assets with Vanguard and would like to buy a $5M house. I am able to secure a 2.5% mortgage with Wells Fargo and PNC using a relationship account. This requires making a $1M investment that cannot be used for the down payment on the house but that can be withdrawn after the mortgage is secured. Wells Fargo used to allow the deposit to be used for the down-payment but changed their policy last year (or started to enforce it). + +Would love to hear strategies for securing a lower rate using an alternative approach. I understand that PALs have variable rates which would make this an unattractive option. Is there an alternative that allows for a fixed rate while leveraging a high liquid net worth? I saw a passing comment in one thread re: a rate of 0.85 but unfortunately no further details were offered up. +Late 30s, single, a little over 50M in assets. I'm keeping things general for brevity. + +Recently had a windfall that boosted me from 8M range up to my current. Before windfall, I was about 90/10 ( 60/30/10 us equity, foreign equity, us bonds/cash). + +Moving forward, I'd like to reassess my AA. Previous was aggressive because company was putting out monthly distributions that were way more than I needed to live off of. + +Now, I have two goals and would like to get feedback on my thinking for asset allocation. + +1. Start taking withdrawals, perhaps every 6 mo, to live off of. I'll calculate the SWR given a long retirement of, say, 60 years. Whatever it comes out to conservatively will be plenty for me. +2. I anticipate buying a new house in the next five years, possibly a vacation home, too. + +My thought is to pick an aggressive "retirement" AA for #1 considering the length of time that I'll be withdrawing. 80/20 perhaps. For #2, pick something with much less volatility so I don't take money out when it's really hurting. Maybe 60/40 or even more bond heavy? Then, apportion those AAs accordingly. Maybe it ends up being something like 75/25. Finally, adjust the overall AA to match #1 once #2 is no longer a factor. + +Questions: + +1. Is this a good approach? Are there other bogle/vanguard-ish approaches to this particular "split" situation that I should be aware of? +2. How do you calculate SWR for longer term retirements? Most of the charts I find are based on 30 year. + +Appreciate the help! +Hi all, + +27M, 750k NW. I live in a HCOL area and earn 500-600k annually (W-2) annually and spending around 110k annually including a house rent. I recently stumbled on the fatfire community and have been trying to figure out how to budget for kids in my FatFire plans. I have two on the way and expect to have one or two more in the future. I'd like to be FATFire by the time I hit 40... + +How do you adjust your FATFire plan when expecting kids (college, budgets, etc)? + + +EDIT: Need to clarify some points +**Income:** + +me: 500k 200k base, 300k RSU/bonus. Yes, this is my target and I worked as a SW manager in a medium sized public company and I worked there for 6 years now. +spouse: 100k base in biotech company + + +Yes, we are having twins. Spouse has aspirations of a big family + + +**Current Budget:** +4500 - House + utilities (Rent 3 bedroom in decent school district) +228 for family PPO plan +325/month health expenses (max out of pocket for in network) +850/month groceries +10,000 /year travel budget +5000/year donations +Total budget \~8500/month including other variousexpenses. rounded up to \~9200 monthly to 110k + + +2 paid off new cars including brand new odyssey van (for lugging children around) + + +**Child care plan:** +Plan is to be in public schools. considering private for high school if we end up not buying something in a better school district. + + +**Investment plan for kids:** +I've been looking at 529 plans but haven't started much. I mostly invest all my leftover savings as long as I keep a 12 month emergency fund +So my partner is moving in with me. He's actually been in the house with me almost full time (at least 5-6 nights a week including doing all his washing here) for about 7-8 months. This is making it official and bringing in all his stuff. + +Because my parents died young a couple of years ago, I own my house outright (inheritance & they had life insurance). I'm not sure what the usual situation is and I don't want either of us getting screwed over. We'd like a few different opinions to try and work out something fair. + +* Money is tight for both of us + * I (27F) have a little in savings for emergencies on the house, but aside from that I life of a £750/month student stipend at the moment. I have no debt. + * He (27M) has a decent job but a lot of debt (post-grad debt, as well as student finance). He should be debt free (aside from student finance) in 1-2 years depending on how aggressively he pays it off and how his job progression goes. He's currently in a house share with family members where he pays £300 including bills so he's not got a lot of outgoings (I'm estimating it's probably £120 bills/council tax/etc and £180 rent but idk for sure). +* We will be splitting all shared bill (utilities, internet, netflix) (approx £80 a month each though we're trying to reduce this to maybe £70/per month) +* I will continue paying things like ground rent, management fee and insurance on the house. (approx £70 per month) +* I don't pay council tax so he will be paying the 75% of council tax for sole occupancy (approx £85/month) + +I'd like for him to pay some rent for the following reasons: + +* establish a tenancy to avoid him having any claim on the property +* Pay for increased wear and tear on the house and things like washing machines, fridge etc. Everything is getting used at least twice as much. I don't want him to pitch in for any repairs, instead I'd like to have the rent pot to use for anything that needs fixing. Obviously this isn't a huge amount that's cause by him but I'm also scared of getting screwed over. + +&#x200B; + +I'm thinking £40/month in rent. Is this ridiculous? We're both massively out of our depth in trying to work out something sensible. I have no one else more experienced to ask (no family). + +&#x200B; + +&#x200B; + +Edit: Am I really that much of a sucker for being unwilling to make a huge profit of my partner? I lived here alone without any thought of renting out part of the property before I met him. Doing so now at market rate seems ridiculously profiteering. I'm trying to avoid a ***loss*** to myself, not make a huge profit. + +&#x200B; + +Edit 2: Thanks for everyone's input. I wasn't expecting this thread to get nearly this much traction. It's been interesting and has given us lots to think about. I forgot to add "!thanks" to replies that were helpful/interesting so will do so now but then I'll take a break from this thread to discuss this with my partner this afternoon. I'll check back later tonight though! +I thought it would be good if we had a thread dedicated to correcting some of the common factual errors/misconceptions seen here on r/Econ. For instance, I often see people write the FED as if it is an acronym. The Fed is a nickname for the Federal Reserve and is properly written as "the Fed" not "the FED" + +What are some other frequent errors you see in this subreddit or pieces of information more people should know? +When it comes to personal finance, we all love to talk about investing, saving and paying off debt, but sometimes a big area that I think we do not pay sufficient attention to is how to maintain our jobs and get promoted. Because most of us here rely on our jobs to pay off mortgages and other living expenses, I was wondering if whether any of you more experienced folks would have any advice in this regard. + +Some things I have learnt throughout the past several years of my working experience include the following (**although this is only relevant to my situation and may not be applicable generally to everyone**): + +**Tip 1: Sometimes, it is not worth it trying to be a superstar performer** + +Drastically exceeding performance targets at work simply establishes higher expectations and therefore higher standards, and failure to adhere to those standards and expectations can be detrimental. Rather, sometimes it is better to perform at an average or above-average level, depending on which one you are more comfortable with. + +**Tip 2: Do not speak ill of colleagues** + +Colleagues are not your friend. If you go and bitch about someone behind their back, even to colleagues or ex-colleagues that you trust, there is a significant or realistic possibility that word will find its way back to the subject. Even minor things or grievances should not be mentioned as things can be misinterpreted or blow out of proportion. The risk is simply not worth it and you will quickly become encased in drama or politics, diminishing chances of promotion or growth within the company. Remember that humans love drama and chit chat spreads like wildfire. Avoid this like the plague. Say less, not more. Be reserved. Be measured. Sensible. Filter your thought processes and pay attention to every word that is said and more importantly how it could be interpreted, rightly or wrongly. If in doubt, say nothing. Awkward silence is better than drama or politics. + +**Tip 3: Realise that your job is not your friend** + +One day you will be loved by your colleagues and your organisation, but the moment their priorities change, the business goes under or a restructure happens, all of that love and affection goes out the window. The truth is if you resigned tomorrow, a new job opening would arise and you will be forgotten in a few weeks. Yes, get along with your colleagues and feel good about work, but recognise that they are not family and they will not go above and beyond for you. At the end of the day, it's business. Any display of loyalty by the company will often (in my experience) have an ulterior motive (eg the business needs you; hiring someone else to replace you is not easy; the work cannot be outsourced etc). As depressing as it sounds, you are just a number on the payroll system, a cog in a bigger machine that will f unction without you, no matter how important you are. No company can operate if its employees are indispensible. + +**Again, all of this advice is personal to me and I am not saying it is true in all cases**. To play devil's advocate, someone who has worked at a small family company for many years would likely say that your job is your family, that you should exceed expectations and that you should be honest in expressing your feelings about other colleagues. And this would 100% be valid based on their own experiences. + +Even though I work in tech, most of this advice may not be relevant to people working in tech. I think each of us brings unique experiences and lessons and I'd love to hear yours. +**Bullish or Bearish?** + +Where do you think we're going? Are we going to break $10k or head back to sub $5k? What's your thought process behind your target? + +&#x200B; + +**My Opinion:** + +Personally, I think we'll be headed back to sub $5k after a quick run between $8.7-$9.7k. Reasons are below: + +\- Tether, this one reason is big for me. Ever since the Tether FUD came out I began to see some fishy price action. Bitcoin began pumping around May 10th shortly after the FUD came out, I believe that the people who hold large amount of Tether got spooked and began selling their Tether. What happens when people exit their Tether positions? You buy into Bitcoin. + +\- We've had a flurry of good news on how institutions are getting into the market and that has helped raise a positive sentiment. + +\- We pumped too fast & this move is unsustainable. + +&#x200B; + +**Want to hear me blab some more?** + +I've got a bunch of other reasons too long to list but if you're interested in hearing my thoughts feel free to do so + + [https://www.youtube.com/watch?v=nROxGzUB78E&t](https://www.youtube.com/watch?v=nROxGzUB78E&t) +So the market is expecting a 20-30% contraction in EPS for 2020 for the companies of the S&P 500. At the current index price, that gives a P/E ratio in the 23-25x range, similar to the dot-com bubble era. + +Given we are in one of the worst global economic slowdown we experienced in the past century, do you think it is sustainable? +Full article: [https://www.bloomberg.com/news/articles/2018-09-04/mercedes-readies-first-tesla-rival-in-12-billion-attack-plan](https://www.bloomberg.com/news/articles/2018-09-04/mercedes-readies-first-tesla-rival-in-12-billion-attack-plan) +I was irresponsible after college and got myself into a lot of credit card debt, always thinking I'd get a better job and pay it off eventually. That didn't happen and it snowballed until I could barely afford the minimum payments. I was making less than $30k/year and I was freaking out because it seemed beyond my control and I didn't know what to do. + +This was a year and a half ago, and I had over $13k all on one card, with 17% APR. I decided to start budgeting and get a card with 0% APR (for a year) and no transfer fee. I paid as much as I could until the year was up, then applied for another 0% APR card and transferred the balance again. That was 6 months ago and I'm down to $4k left on the card now. I plan to have it completely paid off by August, maybe sooner. + +I'm starting to feel like a tremendous burden has been lifted and I don't want to screw it up. My credit score is pretty good (749) and I'm now making $35k/year. I still have $20k in student loans, and I'll be putting any extra money towards that as soon as the credit card is paid off. What should I know going forward? How do I keep my credit score as high as possible? +This site is full of amateur DIY investors who have no clue how the markets or the economy work. The irrational panic that’s gripped this sub the past week is a perfect example of this. + +If you’re investing for the long term, ignore the noise. Contribute more to your investments (if you can) and dollar cost average the shit out of this volatility. Irrational investor behaviour (like panic selling) has a bigger negative impact on investment returns than just about anything else in my experience. + +Please don’t make your investment decisions based off someone else’s hysterical (and often uninformed) view. People don’t ever hold themselves accountable for the bad advice they give you. Ask yourself is the news today really going to matter to markets 5,10,20 years from now? In 07/08 people literally thought the world was collapsing and made life altering investment decisions based on that and look how far markets have come. + +Please ignore the hysteria and invest for your time horizon, not for what the market does today. +My mother stole my SSN and Economic Impact Payments. + +I need help trying to find out what to do. My mother used my SSN to collect my stimulus checks. All of them. And unfortunately due to everyone wanting to get paid, I can’t get ahold of anyone. The police won’t help, the irs doesn’t have an open phone. What can I do? She’s also doing this to my disabled sister. Help. TYIA. + + +Edit: Thanks to everyone for posting. To add info, you all do realize how scary it is to have the police against you? Follow you? Help the ex-husband of your fiancé? I had an incident where the police (my fiancé’s ex-husbands friends) showed up at my house at 11 PM, without informing dispatch or anyone (we checked), saying I had robbed my mothers house. My fiancé and sister weren’t supposed to be there to verify where I was the entire weekend, and this officer has a history of making every thing an “altercation.”… idk if that tell you anything about where I’m at. +I thought this was pretty interesting. You'd think big name, elite universities would be smart enough to structure their employees' retirement plans in a cost-effective way. +Article: http://www.nytimes.com/2016/08/12/business/employees-sue-four-more-universities-over-retirement-plan-fees.html?&moduleDetail=section-news-1&action=click&contentCollection=Business%20Day&region=Footer&module=MoreInSection&version=WhatsNext&contentID=WhatsNext&pgtype=article +One thing really stood out to me - and this is a topic that I have never been able to answer: 2023 + +The movie stated a line at some point where despite the shorting and lack of improving its underlying business strategies - it was stated that GameStop wasn't able to actually go out of existence until 2023 - and **this set up a red flag, for three reasons**: + +1. GameStops Senior Notes had a maturity of 2023, but [GameStop paid them off early](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + 1. [Saloman Brothers performed the underwriting of GameStop's IPO](https://www.reddit.com/r/Superstonk/comments/sfhjpe/comment/huqgz47/) (/u/toast_ghost267) + 1. SB was found guilty of fraud in the 2008 crisis; merged? with Travelers and eventually became Citigroup +2. LIBOR rates were [meant to last until 2023](https://www.reedsmith.com/en/perspectives/2020/12/paradise-postponed-us-dollar-libor-to-remain-until-2023) if Drump was re-elected + 1. Since he wasn't, LIBOR rigging ceased and we [switched to SOFR on 1/1/22](https://www.raymondjamesbank.com/more/resource-center/libor-transition) +3. The last [debt ceiling lift being good until 2023](https://www.cnn.com/2021/12/14/politics/senate-votes-debt-limit-congress-deadline/index.html) + +This might be nothing - but is there a connection with Senior Notes and a 2023 maturity, LIBOR 2023 expiration, and the debt ceiling **ALL** having an ending year of 2023? + +**WHY IS 2023 SO INTERESTING?!?!?!** + +Edit : some additional discussion about Simon Property Group pushing out indoor malls in favor of outdoor style malls; and connections with Amazon / Bain Capital: + +[https://www.reddit.com/r/Superstonk/comments/sfnros/comment/hur4v77/](https://www.reddit.com/r/Superstonk/comments/sfnros/comment/hur4v77/?utm_source=share&utm_medium=web2x&context=3) + +Credit : /u/[throwawaylurker012](https://www.reddit.com/user/throwawaylurker012/) +Is this a simulation? Is this the top? Are dog coins the killer use case for blockchains lol? + +You can verify it yourself on CoinMarketCap, SHIB had a volume traded of $30 Billion while Bitcoin and Eth had $39 and $23 Billion respectively. + +Navigate the cryptoverse with caution because markets can remain irrational longer than you can remain solvent. + +This year has definitelly been the weirdest in crypto, we had jpeg rocks selling for millions, 2 dog coins in top 10... the next bear market is gonna be brutal, I can feel it. +In 2016, the government removed the rule that required manual underwriting for mortgages with a credit score below 620 and a debt to income ratio above 43%. + +It's now bringing back that rule since about 5% more borrowers have a debt to income ratio above 50% than at last cycle’s peak. This is a great decision as we don’t want such high debt to income ratios to be common. + +[Negative Economic Signals Credit Score Inflation & Incorrect GDP Estimates](https://upfina.com/negative-economic-signals-credit-score-inflation-incorrect-gdp-estimates/) + +[FHA standards](https://i.imgur.com/anIkJ8a.jpg) +I'm in my early 20's, making a fair salary, and I'm wondering what you would all suggest I do so that when I'm about 30, I can be happy I did my best. + +I know some of you are older, what would you have done differently? + +For context: + +I don't have expensive tastes, but also I'm no super frugal. I like to spend money on experiences. + +Travel isn't a major concern right now, but I do burn a few K a year usually. + +I have around \~10K sitting in a Commonwealth Savings account doing nothing special. + +Money isn't something I think about a lot. I would honestly prefer to work part-time, so what can I do now to ease the pressure later on? +It's been a wild week - especially for those who were on the GME train - and I just wanted to say that I'm grateful that this sub exists. After that roller coaster ride, it's incredibly calming and gratifying to read clear, intelligent ideas in this sub when the world is going insane. I could actually feel my head clearing up as I go. This sub is like the online equivalent of a nice, hot cup of matcha tea. Thanks, all. +I recently read there was a 5% chance of tomorrow being green based on the previous 4 trading days being green and that didn't sit right with me, so I did my own analysis. The other poster gave their conclusion and I'll give mine (at the bottom). Feel free to rip into my analysis or ask for clarification as you want. You can decide what to do with our conclusions to make your own trades. + +I'll discuss my methodology first. I chose to look at the S&P500 instead of SPY for more historical data [even though the two do not track perfectly](https://money.stackexchange.com/questions/54373/why-dont-spy-spx-and-the-e-mini-sp-500-track-perfectly-with-each-other), I think it is close enough. I downloaded all the historical data of the S&P500 from [Yahoo Finance](https://finance.yahoo.com/quote/%5EGSPC/history/). I chose to look at close vs open (rather than close versus previous close) because options are only traded during market hours. This eliminated data until January 2, 1962 when the price started to change during the day. I did not do a formal hypothesis test for significance because you can manipulate the alpha how you'd like to reject or fail to reject. Therefore, I leave it up to you to figure out if it is statistically significant. I left crashes and recoveries in the data, even though they're outliers and by most people's definition, we are not in a crash. The main reason was for ease but also we may be in a recovery (depending on your definition). + +Next, my results. I tested that if after four days in a row closed green, what is the probability that the fifth one was green. Out of the 1197 occurrences, 643 fifth days were green (53.72%) and 554 fifth days were red (46.28%). I also determined that streaks from 0 to 10 previous days were close to these percentages (within 2%). 11 days also presented this trend but doesn't happen enough to draw conclusions. A streak of at least 0 days counts every single day which had 52.96% green and 47.04% red. + +Conclusion: My conclusion is that according to historical data, there is a greater than 5% chance that tomorrow is green. However, with results of streaks from 0 to 10 days all being within 2% of each other, I conclude that streaks (past performance) cannot predict the market direction for the following day. Additionally, I believe that tomorrow may be green or red or stagnant. Finally, this analysis will not impact my trades for tomorrow but it is still up to you if it impacts yours. +I recently read there was a 5% chance of tomorrow being green based on the previous 4 trading days being green and that didn't sit right with me, so I did my own analysis. The other poster gave their conclusion and I'll give mine (at the bottom). Feel free to rip into my analysis or ask for clarification as you want. You can decide what to do with our conclusions to make your own trades. + +I'll discuss my methodology first. I chose to look at the S&P500 instead of SPY for more historical data [even though the two do not track perfectly](https://money.stackexchange.com/questions/54373/why-dont-spy-spx-and-the-e-mini-sp-500-track-perfectly-with-each-other), I think it is close enough. I downloaded all the historical data of the S&P500 from [Yahoo Finance](https://finance.yahoo.com/quote/%5EGSPC/history/). I chose to look at close vs open (rather than close versus previous close) because options are only traded during market hours. This eliminated data until January 2, 1962 when the price started to change during the day. I did not do a formal hypothesis test for significance because you can manipulate the alpha how you'd like to reject or fail to reject. Therefore, I leave it up to you to figure out if it is statistically significant. I left crashes and recoveries in the data, even though they're outliers and by most people's definition, we are not in a crash. The main reason was for ease but also we may be in a recovery (depending on your definition). + +Next, my results. I tested that if after four days in a row closed green, what is the probability that the fifth one was green. Out of the 1197 occurrences, 643 fifth days were green (53.72%) and 554 fifth days were red (46.28%). I also determined that streaks from 0 to 10 previous days were close to these percentages (within 2%). 11 days also presented this trend but doesn't happen enough to draw conclusions. A streak of at least 0 days counts every single day which had 52.96% green and 47.04% red. + +Conclusion: My conclusion is that according to historical data, there is a greater than 5% chance that tomorrow is green. However, with results of streaks from 0 to 10 days all being within 2% of each other, I conclude that streaks (past performance) cannot predict the market direction for the following day. Additionally, I believe that tomorrow may be green or red or stagnant. Finally, this analysis will not impact my trades for tomorrow but it is still up to you if it impacts yours. +So yea I actually liked BB as a play and I sold CSP for Jan 22 at $20 strike DEEEP ITM but the premiums on them were just too juicy at $11.35 each. When I bought them BB was at $11 a share so that was expecting a big move + +Now share price has obv jumped Bc of WSB hype train but my puts are still priced at pretty much my break even Bc of high IV levels. Delta be damned. Just shows the volatility issues when doing CSP with meme stocks. I need it to calm down because even if it runs higher, I still am not going to make my profit quickly. + +The stock has pretty much doubled in a couple weeks but my position remains unchanged. +Hey all, + +I post a weekly theta gang thread in WSB and I just wanted to give you all a heads up. Some times it gets a lot of traction, most of the time it’s ignored. I’ve had extreme luck with writing options these past two years so feel free to ask me anything and to let me know what you’re planning to write this week. + +Proof from last week: https://i.imgur.com/Bs7gaZP.png https://i.imgur.com/mwiIa6V.png +A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters. + +Following questions posed by Reuters, Arcadia Investment Partners LLC, which has about $1 billion under management, said it had put its plans on hold. + +The idea was in “formative stages” and the firm was not “presently moving forward with this strategy given reasons that include uncertainty surrounding the regulations,” Dahlia Loeb, managing director at Arcadia, told Reuters in an email on Wednesday. She did not elaborate further. + +The firm had sent the pitch as recently as this weekend to “a limited number of sophisticated investors,” according to the marketing materials, which are dated April 4 and marked confidential. In an email sent Sunday, and seen by Reuters, Loeb wrote it was a “highly time sensitive opportunity” and had offered to discuss it with investors that day or early in the week. + +Arcadia’s pitch offers a glimpse into how some private investors are looking to quickly take advantage of the unprecedented government intervention after the novel coronavirus brought economic activity to a screeching halt. + +Under Arcadia’s plan, which has not been previously reported, the firm would have raised money to finance loans to small businesses guaranteed as part of a $2.2 trillion government aid package, the marketing materials show. It called the new vehicle the “Paycheck Protection Program Fund,” named after the government initiative for small businesses launched on April 3. + +Arcadia proposed to juice profits by borrowing 90% to 95% of the money from funding markets that were backstopped in recent weeks by the U.S. Federal Reserve. + +‘DESIGN FLAW’ + +The small business lending program has had a chaotic start, with banks and companies saying more crucial details need to be worked out. Under Arcadia’s plan, the actual loans would have been made by online lending platforms. Some such lenders said they are yet to be approved by the government to make the loans. + +Had Arcadia proceeded with its plan, its investors would have profited handsomely from a virtually risk-free investment. Arcadia typically generates returns to investors of between 8% and 12%, depending on the type of investment, according to a March regulatory filing. The potential returns would also be far above other options available to investors. The U.S. 10-year Treasury note, for example, currently yields around 0.77%. + +Lucian Bebchuk, a corporate governance expert at Harvard Law School who reviewed key assumptions of Arcadia’s pitch for Reuters, said that the potential returns, assuming they are estimated correctly, “suggests a design flaw on the part of the government’s program.” + +A spokeswoman for the Fed declined to comment, while a representative for the U.S. Treasury Department did not respond to a request for comment. + +In the past, large-scale government intervention has engendered fierce debates about whether they create perverse incentives and lead to unintended consequences. + +ARCADIA’S PLAN + +Founded by former Donaldson, Lufkin & Jenrette banker Kammy Moalemzadeh in 2001, Arcadia makes investments in areas such as private equity, real estate and distressed credit funds, according to its March regulatory filing. It said its investors include investment funds and wealthy people, including hedge fund managers and chief executives. + +In the marketing document, the firm said it would work with an unidentified asset manager on the plan. That asset manager, which Arcadia said has $17 billion under management and was founded in 2012, has experience financing small business and consumer credit through online lending platforms, with more than $6 billion dedicated to that strategy. + +If the small business borrowers use the money for employee payroll and other approved expenses, the U.S. Small Business Administration would forgive the 24-month loans in as little as three months, Arcadia wrote in the document. The loans carry a fixed interest rate of 1%.  The remaining loans will be repurchased within 24 months, according to the Arcadia materials. + +In its document, Arcadia did not give the size of the anticipated fund. But it noted that investors would contribute 5% to 10% of the equity of the new fund. The rest would initially be borrowed from the repurchase agreement, or “repo” market, which the Fed has backstopped in recent weeks. + +After three months, the fund would borrow from the Fed’s Term Asset-Backed Securities Loan Facility, or TALF, another funding initiative launched last month to help the economy. + +Investors in the Arcadia fund would pay no management fee but would be charged 20% of profits, the document shows. + +[https://www.reuters.com/article/us-health-coronavirus-arcadia-returns-ex-idUSKCN21R1DV?utm\_campaign=trueAnthem%3A+Trending+Content&utm\_medium=trueAnthem&utm\_source=facebook&fbclid=IwAR38FtEhtw76PnaUoMxw4hBauIBqg2ZNCppy7iV6-951NnYi2H8uTW\_A0Zc](https://www.reuters.com/article/us-health-coronavirus-arcadia-returns-ex-idUSKCN21R1DV?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR38FtEhtw76PnaUoMxw4hBauIBqg2ZNCppy7iV6-951NnYi2H8uTW_A0Zc) +Old Lady Ape here, + +With the renewed interest in Registering Shares, I thought I would give you all a quick rundown of what it is, and why having the paper shares printed is not necessary to remove your shares from the DtCC. + +[Well most of them at least \(I'm reusing this meme, because I like it, OK\)](https://preview.redd.it/bd1fqy5v54n71.png?width=926&format=png&auto=webp&s=b9347d5d777ee4bae649f696d11de86834722ec5) + +Direct Registering shares is removing your shares from the DtCC and registering shares in your own name instead. Shares that are in your broker are called "streetname". They exist in an accounting system called FAST at the DTC. When you purchase a share in this way it looks kinda like this. + +&#x200B; + +[The Fraudket of Shame](https://preview.redd.it/wvzsisg2z3n71.png?width=657&format=png&auto=webp&s=6a3f554d7677016aa7ad804c3c84211fc437cea4) + +The "streetname" shares are really just "entitled" and never make it to the "master shareholder file" held by the transfer agent (in this case, Computershare) + +&#x200B; + +Computershare is not a broker it is a Transfer agent whose main responisbilty is the maintenance of the Book of Registrars, the Master shareholder list. When a transfer or purchase is made to the Transfer agent, it looks something like this. + +&#x200B; + +[Episode 2: Escape from the Fraudket](https://preview.redd.it/e5i6w36sz3n71.png?width=709&format=png&auto=webp&s=64a6063fe44f15e30593da1dd2f6fe4f66e3e6b7) + +The shares are debited from the DTCC on the master shareholder list and credited to you. The rightful owner. It's like a boomer blockchain! + +**You do not have to request a paper share for this to happen**. + +Let me say that again. + +# You do not have to request a paper share for this to happen. + +# You do have to request a W/T or withdrawal by transfer transmission from your broker to Computershare or purchase shares directly from Computershare for that to happen. + +There are pros and cons to doing this. + +&#x200B; + +|Pros|Registered Shares|Cons| +|:-|:-|:-| +|Your claim is with Gamestop and not a broker. So shares can't be liquidated in case of bankruptcy (broker bankruptcy, not yours😁)||Brokers can allow your shares to never be delivered ([yes even in cash accounts](https://www.reddit.com/r/Superstonk/comments/oumz7g/cash_account_shenanigans_allowed_by_the_dtcc/?utm_source=share&utm_medium=web2x&context=3))| +|Dividends are delivered||Payment in Lieu of Dividend (It's in the fine print, read it)| +|Giftable shares, you can change ownership||Timing and pricing of Buying and Selling is more precise and pretty much guaranteed at a broker.| +|Limit sells are available and you can transfer back to a broker at anytime but will be waiting for T+2 settlement.||Brokers are still much better at selling. Consider this when deciding how many shares you want to register| +|||| + +Only the number of shares issued can be registered at Computershare. If not... + +&#x200B; + +[So there is this...](https://preview.redd.it/rcgxxbbo34n71.jpg?width=690&format=pjpg&auto=webp&s=1929b65b88b898b77c00caaa5651a2210a43159a) + +&#x200B; + +If you have decided to register your shares, there are a couple of guides as to how to do it. + +a newly revised one by u/da_squirrel_monkey + +[https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring\_shares\_to\_computershare\_a\_stepbystep/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/?utm_source=share&utm_medium=web2x&context=3) + +I have one if you like old ladies😁 + +[Broker by Broker](https://www.reddit.com/r/Superstonk/comments/pbtyk6/how_to_computershare_broker_by_broker_compilation/?utm_source=share&utm_medium=web2x&context=3) + +I have more descriptive posts for: + +[Pros and cons of direct Registering](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) + +[Fraudket of shame](https://www.reddit.com/r/Superstonk/comments/pgm3qh/computershare_infinity_pool_vs_the_fraudket_of/?utm_source=share&utm_medium=web2x&context=3) + +Sources are listed at the ends of those posts, since I'm just summarizing here, I'll direct you to the original posts for sources. + +and, it's pretty much all I post about until my career as a memer takes off, so look in my profile for more. + + Ape no fight Ape! Please be gentle♾🚀💎👐 + +Even more info: + +Original [Infinity pool DD](https://www.reddit.com/r/Superstonk/comments/mpvx9n/the_infinity_pool_naming_a_theoretical_posit_for/?utm_source=share&utm_medium=web2x&context=3): u/BluPrince + +Also lots of posts on the infinity pool sub and the jungle sub! + +Boomer Blockchain: (Another ape came up with this but I can't remember who, I'll edit in your name here if anyone can let me know) + +**FUD Patrol/ Disclaimers:** + +>I am not suggesting that anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** **This is not urgent!** Take your time and think it through. +> +>This is a very safe method for **forever♾holding shares**. **Not the best for selling**, although you can sell through them or transfer back to a broker to sell. If you have specific concerns, please feel free to discuss them with me in the comments (I am afraid of direct messaging👀) + +&#x200B; + +[Search: How to be brief...](https://preview.redd.it/b1odl87z54n71.png?width=1068&format=png&auto=webp&s=bce1521d4c24c2ae2d024da4c2606f6bc94ab14a) +EDIT 2 - This goes on the top, because it's important: I am not in ANY way saying that we should not be hyped. I am saying that even if this *one* thing we are hyped about does not happen, there is still a LOT to be hyped about! So *if* there is no crypto dividend, there is no need to be disappointed. Because GME has hype for miles. + + + +I just want to take a moment to acknowledge the fact that many here are hyped over the possibility of GameStop issuing a crypto dividend. + +TBH, it would be awesome. And according to everything we know, it would absolutely screw the hedgies. + +That being said, I think it’s worth reminding everyone: + +*Gamestop may not have any plan to issue any dividend, crypto or otherwise.* + +This is an assumption on our part, based solely on the facts that it would be awesome, and it would most likely launch the rocket. + +But in the event that they do not issue a dividend, don’t let it being you down. A crypto dividend isn’t the only thing that will launch us to the moon. *It’s one of many different potential triggers that could do it.* + +We have a lot of big brains on this sub that compile all kinds of great data, pointing to one potential trigger or another. Apes get hyped over a particular trigger, and then disappointment follows when that doesn’t happen. + +Remember 6/9? Remember how low so many felt when there were no big announcements or sharing of actual vote counts? That was a dark day here on this sub, and only because apes got too hyped over one potential trigger. Let’s not do that over the dividend thing, OK? + +Trust the process, and trust RC. He has our backs. If they decide to issue a dividend, awesome. I will be more jacked than ever. + +But if there is no such dividend? Totally fine. Because *the shorts still have to cover.* + +Mama says HODL! 🥰 + +Edit: I’m not saying not to be hyped. We should always be hyped. But don’t get disappointed if one specific thing we are hyped for doesn’t work out. + +If the disappointment doesn’t get to you, that’s awesome. Keep those diamond hands! But I saw a lot (and I mean a LOT) of posters here act as if the MOASS was canceled when RC didn’t announce the vote count at the shareholders meetings. I just don’t want to see anyone get disappointed or feel any FUD if there is no crypto dividend. There is no need for FUD. + +💎 🙌 🚀 +Should I just sell and reinvest somewhere where I can make back the loss or do you think URG will get back up (and maybe exceed) $1.3 again? But seriously - lesson learned: I'll never ever buy before open again on a stock that's hot. + +EDIT 3: I'm starting to get some truly dumbass replies to this post so I'm going to stop replying but THANK YOU for all the valuable input thus far. + +EDIT 1: I bought 500 shares. The loss would be around $100 so it's not horrible for me. + +EDIT 2: All the lessons learned: + +Lesson #1: Don't invest before open on a hot stock. Let's hear it again: DON'T INVEST BEFORE OPEN ON A HOT STOCK unless you're using a limit order. This what limit orders are for. + +Lesson #2: If you're going to invest in a new stock, invest a small portion of what you're thinking of investing first to gauge performance. + +Lesson #3: If you're going to invest, invest in the company long-term and be ready to hold through the volatility. This seems obvious but for some reason I thought this wasn't going to get as volatile as it turned out. + +Lesson #4: Know that penny stocks (which I didn't realize that this is what it was because it was worth a dollar lol) are used to pump and dump - this one probably going to be less of a priority to internalize since I'm probably not a penny stocks investor and I doubt I'll be doing this again. + +&#x200B; +Hey all, + +I'm graduating this December and have recently accepted a job offer for a company making 73k. I know 4 others that have also accepted an offer all for the same amount. + +I just recently found out from someone who already works there that there was a company wide inflation raise of 10% + +Today I heard from two students who were just offered positions for 80k + +What's my best course of action for something like this? + +Edit: + +Found this on their website + +> XXX will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. " + +Edit 2: + +All of us are graduating at the same time, from the same school, with the same degree +Hi all, + +I will be starting my job tomorrow and will be onboarded. I live in CA and was wondering if it was possible for me to be under both my dad's insurance as his dependent while also having my work. + +I'm not too concerned about paying for both. I just have a mother who really restricts me from accessing certain health treatments. For example, I am not allowed to see a gyno, I am not allowed to wear tampons, not allowed to go on birth control for my PCOS, not allowed to get wisdom teeth removed, wear contact lenses, etc. Worst of all she does not believe in mental health disorders and so I have to struggle to access a therapist for my anxiety-related issues (I have not seen my therapist since I last graduated from college in June where I had free access to therapy). When I mean not allowed, I mean I am a grown adult who can get a hold of these things, I just risked being yelled at and then given the silent treatment. + +My dad does not really care about whether or not I get these treatments and he's always so sweet to pay the only issue is he tells my mom about the bills. (For context my mom is an uneducated South Asian woman who's very anti-western medicine but also really thrives off of having control of me). + +**I would just get off of my dad's insurance, I just don't know how long I'll be in this job since I hope to be starting grad school this upcoming fall and don't want to not have insurance for a short time.** + +Any insight would be greatly appreciated! +As a background: I'm a data analyst, but not very good at coding. I work at a marketing agency that works with companies like Microsoft, Google, Intuit and NBC. Before anyone says I'm poor because I'm retarded or bad at my job, I have a very good relationships with people all of the companies I mentioned - all have achieved success from marketing strategies I've worked on and all have mentioned they like my detailed analyses and reporting. + +Reasons I can't get a better job: +Main reason is that I can't code. Also, it probably doesn't help that I look like a teenager (I'm 24). My only schooling is a combined Math & Econ BA from a mid-tier UC. + +I'm saving as much money as I can - I probably eat about .75 meals a day on average, mostly sustaining on snacks in the office. I don't own a tv or have netflix or the like, and live in a small room in one of the worst parts of San Jose. I do have about $1500 in guitar equipment, but if I didn't have guitar I'd probably kill myself. However, several months ago, I got in a serious car accident that cost me all my savings. + +Anyway, FI sounds so amazing. Due to the amount of clients my company has, and the number of people I'm in charge of, I usually work 60+ hours a week. I started here when I was 21 and soon I feel like I'm gonna blink and my youth will be completely gone. I don't even mind being poor, it's the lack of personal time that kills me. Money would be nice too. + +What do? +https://www.bloomberg.com/news/articles/2019-09-28/u-s-treasury-says-no-current-plans-to-block-chinese-listings + + +A U.S. Treasury official said there are no current plans to stop Chinese companies from listing on U.S. exchanges, a day after a report that the Trump administration is discussing ways to limit U.S. investors’ portfolio flows into China. + + +“The administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time,” Treasury spokeswoman Monica Crowley said in an emailed statement on Saturday. + + +Other potential measures include limiting Americans’ exposure to the Chinese market through government pension funds, and ways to put caps on the Chinese companies included in stock indexes managed by U.S. firms, according to people familiar with and involved in the discussions. Crowley’s statement didn’t address or rule out any of those possibilities. +https://www.bloomberg.com/news/articles/2019-09-28/u-s-treasury-says-no-current-plans-to-block-chinese-listings + + +A U.S. Treasury official said there are no current plans to stop Chinese companies from listing on U.S. exchanges, a day after a report that the Trump administration is discussing ways to limit U.S. investors’ portfolio flows into China. + + +“The administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time,” Treasury spokeswoman Monica Crowley said in an emailed statement on Saturday. + + +Other potential measures include limiting Americans’ exposure to the Chinese market through government pension funds, and ways to put caps on the Chinese companies included in stock indexes managed by U.S. firms, according to people familiar with and involved in the discussions. Crowley’s statement didn’t address or rule out any of those possibilities. +I really want to move out of my mom’s house next year. Even if I could find a studio apartment I would be happy. Everyone discourages me saying that my income is too low. +The issue is that I live in Florida and the housing market is horrible. Moving isn’t an option right now. +My credit score is 730 right now. Is there hope for me? +Guten Morgen to this global band of Apes! 👋🦍 + +It is astounding to me that individuals such as Ben Bernanke would be awarded for their short-sighted handling of the 2008 banking crisis. +Though he may have been convinced that it was the correct course of action to prevent further economic turmoil, we are now witnessing the effects of rewarding the big bank's behavior with taxpayer-funded bailouts while allowing them to continue on to double-down on that behavior. +The damage that he caused is impossible to assess, but I can assure you that the system that exists today does not seem likely to perform better. + +The excellent news is that it changes nothing about GME. +GameStop remains an incredibly solid company, well prepared to weather any economic storm ahead. +As we watch banks across the world struggle to avoid margin calls, HODLing GME is the easiest part of the day. + +Today is Tuesday, October 11th, 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: **$24.93 / 25,71 €** *(volume: 328)* +- 🟥 115 minutes in: $24.91 / 25,69 € *(volume: 328)* +- 🟩 110 minutes in: $24.92 / 25,70 € *(volume: 328)* +- 🟥 105 minutes in: $24.77 / 25,55 € *(volume: 328)* +- 🟥 100 minutes in: $24.95 / 25,73 € *(volume: 298)* +- 🟥 95 minutes in: $24.95 / 25,73 € *(volume: 298)* +- 🟩 90 minutes in: $25.01 / 25,79 € *(volume: 271)* +- 🟩 85 minutes in: $24.99 / 25,77 € *(volume: 271)* +- 🟥 80 minutes in: $24.87 / 25,64 € *(volume: 271)* +- 🟥 75 minutes in: $24.90 / 25,67 € *(volume: 271)* +- 🟩 70 minutes in: $24.97 / 25,76 € *(volume: 251)* +- 🟩 65 minutes in: $24.97 / 25,75 € *(volume: 231)* +- 🟥 60 minutes in: $24.90 / 25,68 € *(volume: 216)* +- 🟥 55 minutes in: $24.92 / 25,70 € *(volume: 212)* +- 🟥 50 minutes in: $24.94 / 25,72 € *(volume: 196)* +- 🟥 45 minutes in: $24.94 / 25,72 € *(volume: 196)* +- 🟥 40 minutes in: $24.96 / 25,74 € *(volume: 195)* +- 🟩 35 minutes in: $24.97 / 25,75 € *(volume: 195)* +- 🟩 30 minutes in: $24.97 / 25,75 € *(volume: 195)* +- 🟩 25 minutes in: $24.96 / 25,74 € *(volume: 189)* +- 🟥 20 minutes in: $24.96 / 25,74 € *(volume: 189)* +- 🟩 15 minutes in: $24.97 / 25,75 € *(volume: 189)* +- 🟥 10 minutes in: $24.86 / 25,64 € *(volume: 149)* +- 🟩 5 minutes in: $24.96 / 25,74 € *(volume: 97)* +- 🟥 0 minutes in: $24.91 / 25,69 € *(volume: 77)* +- 🟥 US close price: $25.00 / 25,78 € *($25.01 / 25,79 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9697. 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! +Disclaimer: First of all I am a lazy ape, I did not analyze anything. Everything is copied from Fintel's website and let excel do all the work. + +# Institutional Ownership Least Case Scenario + +Institutional shares as shown right in the overview page [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme). + +https://preview.redd.it/f57eag1igwz61.png?width=822&format=png&auto=webp&s=e22398acd8c93969aa5da9f84e68fb78297da295 + +# Institutional Ownership Almost Best Case Scenario + +If you scroll down the same link above, shows a list of all ownership. The screenshot below are just share ownership (Calls/Puts deleted). You'll also notice the filing date on the left which is color coded from latest to oldest, most of which is pretty recent. + +&#x200B; + +https://preview.redd.it/cghg90be5zz61.png?width=1469&format=png&auto=webp&s=eb5b381ecde6ba307dd668bfabed211e401c45ba + +# Insider Ownership + +Also taken from the same website to maintain consistency. + +https://preview.redd.it/xfly6imtmwz61.png?width=539&format=png&auto=webp&s=f4303024ab3213664a1f09928d1a9e4db1c02dcc + +# Summary + +I choose the 2nd Institutional Ownership scenario, why? Because: + +1. Its more detailed (owners, shares, and date) +2. Excel did the calculation rather than someone entering manually +3. I like my confirmation bias + +&#x200B; + +https://preview.redd.it/pxxmv4zf5zz61.png?width=248&format=png&auto=webp&s=75e69e2c1c07280486f376991fe4d5fac6365869 + +Wow, a whopping 207314 shares left for retail......... r/Superstonk ALONE OWNS THE FLOAT!!!!! + +Music playing in the background: "You've Really Got a Hold on Me" - The Miracles + +Sing it with me, lyrics below if you don't know + +[https://www.reddit.com/r/Superstonk/comments/nf062l/ryan\_cohen\_twee\_solved/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nf062l/ryan_cohen_twee_solved/?utm_source=share&utm_medium=web2x&context=3) + +💎💎💎💎💎💎💎💎💎💎💎💎💎🙌🙌🙌🙌🙌🙌🙌🙌🙌💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎HOLD HOLD HOLD HOLD💎💎💎💎💎💎💎💎💎💎💎💎💎 + +Edit1: Answering some comments and something to think about. If you add all with Vanguard name, total is only 801,683. If you add all with Blackrock name, total is 2,245,825. You will agree that here is no way they only hold that much. So now tell me, how are those being double counted? Is it possible that since it is already counted somewhere else, say etf's, they only counted what they actually have hence the small number. + +Edit2: Please disregard Edit1. I am terribly sorry for all the confusion. u/salientecho have pointed out that the owners indeed does not match up with the numbers. I have corrected this, the total Institution is now 57,902,457 from 57,964,041. Similarly, the "Remaining" was adjusted accordingly. From the bottom of my heart, I am deeply sorry. Thank you u/salientecho and Thank you especially to those who also pointed it out but I was too lazy to check. Love you all + +&#x200B; +Disclaimer: I do not intend to insult anyone coming from the US, nor do I want to say the US in general is bad + +With that out of the way, let me start my rant. It is so annoying to me that crypto, which is supposed to be decentralized and international, is centered so heavily around the US. Whenever there are some new laws to regulate crypto in the US (like at the moment), everyone is calling it "the end of crypto", prices start dropping and a lot if people get bearish. But whenever any other country does the same thing, noone gives a shit. Germany just allowed Spezialfonds to allocate 20% of their capital into crypto but for some reason this didn't really make the news, but a bill from the US to tax the shit out of stakers/miners made everyone go insane + +I get that the US is a powerful country and a worldwide economic leader, but I hate how regional regulations affect cryptocurrency as a whole. This is just annoying to everyone living in a different country + +With this being said, I know this probably won't change in the near future, since, as I mentioned, the US is a, if not the leading county in the global economy +Good Morning Apes! + +I wanted to clear up some misconceptions about FTDs and put walls that I saw floating around yesterday many of you had the same question and I thought it would be best to clear it up all at once. + +When MMs are creating synthetics to hedge during the market making process these synthetics can be long or short. There seems to be a presumption that all FTDs are short sales. A metric that I have used in the past which has aided in determining if we will see majority long v. short FTDs is short sale volume. If short volume is near or at 50% the FTDs tend to be fairly balanced, if however we have excessive short volume that day then we tend to see buy pressure on the FTD due date. + +[Nov 22 short volume](https://preview.redd.it/npsu6parkh881.png?width=186&format=png&auto=webp&s=776a43cf2ecc5da1e0aff98b211d87371b7a6f86) + +As you can see with net long volume FTDs coming from this day are likely to be as long as they are short. To clear the long FTDs they need to create a matching short sale and vice versa for short FTDs. In order to net these through CNS. So while we see volatility it does not guarantee price improvement. If our gross short volume is higher then we see more buy pressure. This is the reason on some of these FTD due dates there is lots of price action but the open and close are relatively flat/even. + +*\*ETF FTDs are a bit different as they are creation and thus 100% of the created shares are due back to the ETF, this creates strong buy pressure.* + +As far as **put walls** go, many were concerned that there is no risk to creating these and they can infinitely suppress the price. These are fairly ineffective if they have to buy large quantities of shares or have a large number short FTDs. But they can use the MM to stabilize the price action while they cover when long & short FTDs are relatively even. These are mostly necessary for them due to GME's extreme illiquidity and volatility. + +[By using borrowed shorts and the MMs delta hedge they need far fewer borrowed shares to turn the price around if it gets out of control. ](https://preview.redd.it/9ffz16j0nh881.png?width=1340&format=png&auto=webp&s=d1136c9c042ac4619034ffef7e74caf9c3dcb0a7) + +If buy pressure is too great or institutional options interest shifts long they risk losing all the money placed into these puts. It's an expensive tactic that generates even more FTDs (can kicking), and presents a significant amount of risk. But absolutely necessary for them to do to maintain stability in the underlying. The advantage they have here is low retail buy pressure and lack of institutional long interest. Also, this only works if the volume of FTDs is relatively even (long/short). + +&#x200B; + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +&#x200B; + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Actually saw a small amount of price improvement of today's FTDs, and some of those puts at 150 get sold off. Closing above max pain which is at 152.50 is bullish going into tomorrow where the net short FTDs are slightly more significant. Thank you all for tuning in, see you tomorrow. + +\- gherkinit + +https://preview.redd.it/fl0kqy7qqj881.png?width=702&format=png&auto=webp&s=3b86c592edda045b36a73d31cd6cff1cd84517da + +Edit 3 1:20 + +GameStop making some low volume moves and pushing up through that 150 put wall. The 160 wall remains in place but this may force some more paperhanging of the lower strike puts. + +https://preview.redd.it/h0rxtrzgxi881.png?width=1607&format=png&auto=webp&s=e621ed76def110af44528ec1ae6e072fd3675b60 + +Edit 2 11:18 + +GME Coming back up a little crossing above 145 volume is still insignificant for a larger move. + +https://preview.redd.it/4ergrgz5ci881.png?width=1609&format=png&auto=webp&s=ff9407f73975d85cfb2709a2b7d9807ba2e59cd7 + +Edit 1 10:41 + +Dropped down a bit to 143, volume is ridiculously low this morning at 485k so far, about 50k shares borrowed likely responsible for the dip. Fairly flat now as they churn FTDs on low volume below the 150 puts. + +https://preview.redd.it/3nvgwff95i881.png?width=1605&format=png&auto=webp&s=cab4a5c1d024a33434c164c1a73dbedf6d22cd48 + +# Pre-Market Analysis + +We will continue to see choppy price action with FTDs no flowing in daily from MM activities T-2-35c days ago, todays corresponding FTD date is Nov. 23. + +[net long](https://preview.redd.it/93moh8hmoh881.png?width=177&format=png&auto=webp&s=2eecf20adf06f7aa8869387dfb0d836fa6ae3df7) + +So probably mostly flat again, we should see those put walls disappear as soon as the FTDs begin to shift net short in the coming days. + +This morning's volume is 8.38k and we are up +0.71% + +Shares to Borrow: + +IBKR - 100,000 @ 0.9% + +Fidelity - 517,647 @ 0.75% + +https://preview.redd.it/skhe4faaph881.png?width=1602&format=png&auto=webp&s=ee20788f8189877b41eb2212a53081274ff3ef2e + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Like many people here, discovering this subreddit changed my life. I am an immigrant and I immigrated here when I was a teen with my parents and sister. We lived in a LCOL area and my parents' combined income never exceeded $45k. However, they still managed to buy a house, everyone had a car, and we lived pretty comfortably. However, there was no room for savings. We come from a country where saving money is less realistic than seeing a unicorn, so income in always equaled spending. Fast forward to 2010 at the height of the recession and both of my parents lost their jobs (I was in college at the time). The difficult times we went through during that time as well as discovering this subreddit right after graduating from college would define how I look at money and would lead me to where I am today. + +Sometime early in life I realized that academic success was my way out of the poverty cycle. My parents were incredibly supportive and gave me every opportunity to succeed. In high school I worked 35-45 hrs/week while also managing to graduate as valedictorian. I got into a top 3 school in the country and graduated in 2012 with a degree in engineering. + +I got my first job starting at $55k/year in NYC. After taxes, health insurance, etc. my take home pay was around $2800. My rent was $1100, transit was $150, and food in NYC is expensive. I quickly realized that although I was making more money at 23 than both my parents combined had ever made, without some cutbacks I would live paycheck to paycheck and never get anywhere. Around this time I also discovered /r/PF and everything changed. + +I am not a spender by nature and I am not into fancy clothes, shoes, purses, electronics, etc. I like good food, I like going out, and I like live music and sports. So I spend money on these things. I don't really have a budget and I don't know my savings rate. I just know that whenever I buy something, I make sure I really need it and I try to get the best deal possible. I try not to spend money on frivolous things (lunch, coffee, $15 cocktails, expensive purses and clothes). I save a lot of money on rent by underspending - yes it's possible even in NYC. I live with my boyfriend and even though our combined income would have allowed us to move into a $3000 apartment at the time, we found one for $1700 just outside of NYC and lived there for 5 years, even though our incomes had almost doubled in that time span. By the time we moved out, my share of the rent was only 12% of my salary ($880 on a $94k/yr salary). My salary kept increasing from year to year, while I tried to keep my expenses steady (I did suffer from some lifestyle inflation, but not nearly enough to match the increases in my income). + +My salaries went from: + +2012 - $55k + +2013 - $58k + +2014 - $62k + +2015 - $66k + +2016 - $74k + +2017 - $86k + +2018 - $94k + +Savings: + +* I have been maxing out my 401k for the last 3 years. Before that I had never put aside less than $10k/year. I get a 10% match from my employer which has added anywhere from $5k to $10k year. +* I save all my profit shares. They go straight into my Vanguard or my IRA +* I max out my Roth IRA every year +* I get paid once a month so whatever is left over in my bank account at the end of the month goes straight to savings. That means it was extra money that I didn't need. Over the years this amount has changed drastically. Some months it would be $300-400. Recently, as my salary has gone up, this amount could be $3k. If, for example, it's February and it's frigid and we don't do much socializing, my expenses come down to rent, groceries, take our a few times a months, and that's it. Sometimes this is less than $1600/month, which means that the rest of my salary is extra. This goes straight to Vanguard. + +My [Net Worth Chart](https://imgur.com/a/KYqvQJi). That one big jump is when I linked my 401k to Mint. + +[My asset allocation](https://imgur.com/Z36E4IE) + +Not shown are the almost $30k I've paid off on my parents' apartment. This apartment is in my name due to their credit issues, and will be mine to keep when they are gone. However, they pay it off. I know rule #1 on this sub is to not do this for family, but my parents are literally the only reason why I am where I am and I owe everything to them. I have paid off $30k and there is $30k left on the mortgage. I plan on paying it off and "gifting" it to them when I'm done, thus liberating them from the mortgage. I've thrown any excess money there (so any bonuses, any money left over at the end of the month) has gone there which is why my Vanguard and is low compared to 401k. They don't know I'm doing this for them and would/will kill me when they found out, but I can't wait to surprise them :) Technically the apartment is in my name so it's part of my net worth but it won't be mine to sell for hopefully a very long time, and I hope to be FIRE long before that, so I don't count it as part of my FIRE goals. My parents also signed over our house in my home country to me and that's worth around $120k. However, it's also excluded because I would never sell it due to sentimental value. + +I am 28, will be 29 in a couple of months. My goal was $300k by the time I'm 30 and I think it's doable. Overall, I know I'm extremely lucky - lucky to have a supportive family to allow me to build a career that pays me very well that allows me to have a high savings rate. My goal is to become a millionaire by the time I'm 35. I don't know how realistic this is but I don't plan on changing anything in the meantime. I will continue to go to concerts, to sporting events, I will continue to eat out a couple of times a week, I will continue traveling a couple of times a year, and I will continue not spending money on stupid stuff. My salary will continue to grow while my spending will remain steady. My net worth will continue to climb at a steady pace, and I look forward to just watching that number grow. I'm not tied to any deadlines or any expectations. I just want to take advantage of the fortunate situation I'm in and I want to give myself the flexibility that has alluded a lot of people. + +Feel free to ask me any questions :) I just wanted to share my story since I never dreamt that I would have this much money in my life and it's an incredible feeling knowing that not only am I financially stable, but I am able to help out the people that helped me get to that point. +As the title says my car's a/c just went out. It will cost $785 to repair. My car is a 2009 honda civic with 107,000 miles on it. I thought I could get another 100,000- 150,000 miles with it which would have been great because my car is completely paid off. + +I make $1000 a month; I am a 20 year old female and still live with my dad. The only thing I pay for is my food/gas/ and my dad's and I $150 cable bill a month. My college is paid for in scholarships. My dad still pays for my car insurance, health insurance, and phone bill as long as I stay college and make above a 3.0. He is pretty well off, and can afford this. However, he is not willing to pay for my car repair- he is the one that bought it for me and it is my responsibility to take care of repairs. + +Would it be a smarter financial decision for mye to trade my car in (no one is gonna buy it in this heat with a broken a/c) at a dealership and get a used car, maybe a 2012 or 2013 or should I bight the bullet and pay the $785 in repairs so that I can keep not having a car payment. + +I have $3,000 dollars in my savings account that I have been saving over the past year. I've been planning to use this for a rainy day, to help me out after I graduate until I find a job, or for supplies needed for nursing school next spring. I am worried if I now have a car payment plus my cable bill and only making $1000 each month I won't have enough money to keep saving, which is important to me. Any advice is appreciated. Also I should put this in here some where but I have a good credit score, it's 759 (I got my first credit card last August). + +Lastly, the car I drive right now is not in my name so I am assuming there will be extra fees associated with that if I buy a different car. + +Thank you for your advice. + + + +**Edit:** +Thank you everyone for your advice I have read all the comments. Honestly I think I was just thinking short term instead of long term because the idea of spending 1/3 of the money I have saved this year freaked me out. Tomorrow after work I am going to get a couple quotes on it and talk to my moms boyfriend, his best friend owns a repair shop. Thanks again guys, this subreddit was awesome; I'll definitely be back for more advice at some point. You people are great. :D + +**Edit 2:** +So I was telling my mom about my problems on the phone last night and she says her boyfriend's best friend owns his own mechanic shop and I'm here right now having them look at it to get an opinion from someone I can trust. Thanks for the continued comments and messages from people trying to make sure I don't get ripped off. + + +**Edit 3:** +So it turns out it wasn't my whole compressor that was broken. The only part of my compressor that was broken was a part called an AC relay. My mechanic took out my old one and replaced it with a Toyota Corolla AC relay which is thicker snd supposed to last much longer. + +Secondly I definitely have a freon leak because I only had a third of a pound of freon in my car and I'm supposed to have a full pound in it. So he put more freon in it and put dye in it so that when it runs out again in a couple weeks he can go back and see where the leak is and repair it. He charged me $200 which is much better than I thought it would be so I am relieved. I guess I'll see the total though when I figure out how much my mechanic is going to charge based on where the leak in my AC is. +I'm primarily interested in non-London areas but Londoners are welcome too + +&#x200B; + +edit: + +Also, What are your wages and how much disposable income do you have monthly? + +At what salary do you consider the average person to be 'comfortable' or for someone to be considered 'rich'? +My wife and I are looking for a new home. We've outgrown our current place. Two kids. We lift in our starter home with a crazy low interest rate. I have a decent amount of cash on hand, where I could likely pay cash for a new house. Given I don't expect huge growth in my current salary, I was thinking that I would try to keep my burn on our new mortgage neutral with the new house. So I'd put more down than normal. For whatever reason I feel comfortable with that idea. + +Now that the interest rates have spiked so much, that idea seems kinda silly since i'd probably be borrowing like $100k (not sure if that's the right number, but not that much). + +Looking for different ways to think about this or suggestions on how to model this out to find the optimal amount to borrow. I normally would prefer to have some cash out of the house and have it in the market. + +Ideas: + +\- Just pay cash and cashout refi later (rates aren't as good in a cashout) + +\- Put a lot down and just have neutral mortgage payment + +\- Put less down, and have a bigger payment, that might require I draw on our savings to pay for the house, but I'll have more money in the market? Meh. For whatever reason this makes me uncomfortable. + +&#x200B; + +Numbers: + +Salary $275k per year (not including $130k bonus, new company, not sure how much i'll get) + +Current house 530k mortgage, valued at $950 (and falling :) ) mortgage rate 2.75 + +Future house 1.5-2m + +NW $5.5 + +Thanks in advance. +Why is nobody talking about how they are diluting? This stock is my biggest position, but it's pretty sad to see the float and S/O going up... + +Archive shows the public float was 313m as of January 22, 2021. Now at 504m. Almost 200m shares added during the time it has been circulating reddit. 250m S/O added.. [https://web.archive.org/web/20210122000641/https://www.marketwatch.com/investing/stock/hitif](https://web.archive.org/web/20210122000641/https://www.marketwatch.com/investing/stock/hitif) + +If no shares were added, given the current market cap, the price should be at \~1.30, instead it is at 0.67. No wonder it doesn't go up despite heaps of good news. + +Dilution seems counter-intuitive of their plan to uplist. Instead of letting the price rise organically, they dilute and then propose a reverse split, which is generally bad for the price of a stock (especially short term). + +They also have unlimited authorized shares, so they can keep diluting as much as they want. + +The dilution is not because of the Meta acquisition. Post acquisition they had 436m S/O. They now have 655m S/O. + +I get that they need money to expand, but 200m shares at \~.65c = $130m. They opened a couple of stores I guess, but ~~each store costs a couple of thousand to open~~ this doesn't justify the dilution. So where's all that money going? They also have been operating at a loss for the majority of their recent quarterly reports. + +I know everyone likes the stock, but I think it's important to stay objective and be wary. + +Anyways, someone tell me why I'm wrong. +I just recently moved to Washington state from California. My business is technically registered in California currently, but is fully remote with just a couple full time employees who work from home. There's no no physical office or anything. Just this year, I'll likely pay around $80k to the state as it's technically California-sourced. + +Now that I've moved out of California, I'm trying to see if there's a (legal) way to restructure things since I don't really have any ties to the state anymore. I'm also considering a sale that will get me to Fat Fire NW and don't want California to come knocking on the door later on down the road, trying to get a cut of the action. + +Looking for a recommendation on a tax attorney or other professional that might be able to help me strategize around this issue. Have you dealt with a similar situation? What did you do and who helped you do it? I'm all for paying my fair share, but I feel like I'm paying tens of thousands of dollars a year around a technicality. + +Edit: just to clarify, I'm looking for a recommendation for a specific company or individual that specializes in this kind of thing that may be able to help me. +First time poster here so apologies for any mistakes made here. + +Currently looking to buy my first home/apartment in Sydney. Was hoping to stay in the inner west but the market is brutal. Started to expand my search and found some lovely apartments in the Ryde area that I was really interested in, but I noticed the building had 5 apartments listed for sale currently. Some of which have been on the market for 3-4 months. + +Is this something to be concerned about? +I'm in a sales role, so my exact income is a mystery to me until the end of the year - it can vary a lot from year-to-year. What happens if I start putting money into a Roth IRA now, but at the end of the year find out I don't qualify because of my annual income for 2020? +Tell me your annual rental income then what is your net after taxes, covering mortgage and maintenance stuff? What actually goes in your pocket? We are in the midst of buying a property the mortgage is 3600 and potential income minimum is 5400 a month. +We were moving across country, wife and I. We were about to just rent, but decided lets buy a cheaper home, live in it for a year, then look for our dream home. Once dream home is found, we would rent out the temp home. + +Homes were going so quick, we wouldn’t have had time to fly across the country to see one, then lose out or decide we’re not interested. + +We moved into it today. Everything is much worse than the pictures. My realtor is a friend and he’s 3 hours away, so he didn’t see it. We put the offer in quick to not lose out, so no one saw it. We knew it would need some work, and was priced accordingly, but in no way a steal. what I didn’t know is there is a fast road right next to this house. Lots of trucks all day, you can hear every car… some of them seem to vibrate the home. We’re freaking out. Do we rent it out and move ASAP? If we tried to sell, we’d lose out on a lot of money. Will anyone want to rent it?? There are lots of other houses on this street, so people must put up with the noise right? Am I just not used to it? + +We’re so kicking ourselves for buying this way. I’m about to walk away and lose 30 or 40k at this point. But I know I should just rent it out. + +If we bought another home, I believe the bank would increase the interest rate on this home since we haven’t lived here for a year yet. + +Any advice to help us from freaking out is greatly appreciated. + +Also - house was 206k and I put 20% down. We made an offer on the first day, which I think was a major mistake because this needed a lot of work, a lot was outdated in it, kitchen, one bathroom needs redone. +Good day fellow dividend investors. Like most of you on this sub I absolutely love dividends and the magic of compounding over time. After 2 years of investing in individual dividend stocks I’ve built around a $60k portfolio that yields just over 3%. I’ve also seen decent capital appreciation over that time. No S&P 500 level returns, but I also made it through the current pandemic so far relatively unscathed with only one stock (WFC) cutting it’s dividend. + +However, the more I invest and learn the more I’m a little eager to focus on total return. Obviously, growth stocks are a large part of that and while I have some of those in my dividend portfolio like AAPL, MSFT, V, NKE, etc I’m interested in focusing more in this area. + +My question to the community is this. Does anyone strictly use their earned dividend income to buy shares in growth stocks or ETFs that may or may not pay a dividend rather than DRIPing? Now that trades our free with my brokerage I’ve turned off DRIP on all my stocks and manually reinvest them in whichever stock in my portfolio I see fit. + +Now, with a potentially more focused plan on growth and total returns I’m thinking that my monthly contributions will continue to go towards my dividend stocks, but any of their dividend income will go towards a growth stock or ETF. + +I’d love to hear the communities thoughts on this and look forward to your feedback. +I am just now starting to invest in the stock market and I am 23 years old. I currently only have 2k invested in the stock market as I have literally just started investing. + +My Goal is to create a portfolio that is a DRIP portfolio that can survive any economic down turn, like I want to hold strong positions in multiple sectors for dividends so if one crash I don’t have to sell off and can just buy more and the other sectors hold up my returns while those recover. + +My current portfolio: + +VTI, GLD, JNJ, VGIT, VZ, LUV, STAG + +I am still currently building it but I would really appreciate it if someone could tell me, how to read the companies and exactly what I am looking for when investing in a new stock. What do you guys mostly look for on those company reports? + +Thanks everyone! I love this subreddit so far it helps me out a ton! +I sold my house in NY and moved to NJ for a new job. Between my house and savings I have about 400k. I am renting now and looking to buy in the near future. What are my options to invest in the short term and not lose the capital ? +2020-2021 was the greatest bull run in history. Im having a lot of regrets and kicking myself for not having much money to invest. + +If I invested a few hundred thousand dollars at the start of the bull run I would probably be a millionaire now. + +I just keep looking at the hockey stick trend line on the SP500 chart and feel like I missed a once in a lifetime opportunity. + +We could be experiencing another bull run as it seems the market is rallying again in the past few days, but I severely doubt it will look like the past 2 years, especially since the fed is raising rates. + +How do you guys deal with the regret of missing out? +Every day people post insane massive losses. Some gamble away their mortgages, their rent, their children’s’ future, their entire savings, everything. How has life changed for you guys? What did your family say? +I mean, the premium is $1500, the strike is $27, the current underlying is at $180. + +I wouldn’t mind owning the stock at $27, so where’s the risk? + +Here’s the link to the foresight calc: http://opcalc.com/suQ +I'm pretty new to this subreddit and just started using the wheel strategy. I want to ask this question with an example: + +Let's say I sell covered calls that expire this Friday but my temptations get over me and I decide to sell additional UNCOVERED calls that expire next Friday. If my covered calls never get assigned and expire, does the brokerage automatically update my uncovered calls to become covered? +This doesn't make sense. It should've expired on Friday, but I got an email today that I got assigned. Did the buy execute it on Friday for a loss? + +IBRK has code `A;O` meaning for Assignment and Opening Trade. + +Edit: thanks everyone, it's clear now. +I don’t see too many update posts, so wanted to provide an update on my post from a few months ago about taking a job with a state owned corporation (2k more salary but no bonus). + +Thanks to everyone who commented and convinced me to leave- my old role was replaced but I heard it was on a much lower salary by someone a lot less experienced, and obviously no bonuses were paid out. + +I was incredibly paranoid/stressed about starting a new role in the middle of the pandemic and working from home full time, but have had a fantastic boss, enjoying the new role despite the strange circumstances, and have officially just passed probation. + +Thanks again to everyone for their advice! +I don’t see too many update posts, so wanted to provide an update on my post from a few months ago about taking a job with a state owned corporation (2k more salary but no bonus). + +Thanks to everyone who commented and convinced me to leave- my old role was replaced but I heard it was on a much lower salary by someone a lot less experienced, and obviously no bonuses were paid out. + +I was incredibly paranoid/stressed about starting a new role in the middle of the pandemic and working from home full time, but have had a fantastic boss, enjoying the new role despite the strange circumstances, and have officially just passed probation. + +Thanks again to everyone for their advice! +I can't find the original post unfortunately, but someone had downloaded the MOT pass data from [gov.uk](https://gov.uk) and created a little graph showing MOT pass rates over time. They only did it for the Ford C-Max though, and I thought data like that would be useful for people looking at buying any second hand car. So I created [ratemyride.info](http://ratemyride.info) which aggregates around 40 million MOT results from 2017 into nice little graphs like this one: + +[http://ratemyride.info/assets/img/fiat-500-graph.png](http://ratemyride.info/assets/img/fiat-500-graph.png) + +I hope you find it useful and happy to get feedback on the idea too! +So I recently thought I'd start building credit by financing a phone. My carrier is T-Mobile and I was shocked to realize that I'm paying $120.02/month. I reviewed my bill and saw that $10.42 of that is going towards the phone (24 payments of $10.42). 1 voice line of unlimited talk/text is $90 and I'm paying $19.60 for their protection plan. + +Am I paying too much for a phone plan? Did I get screwed? I'm new to this so any advice would be obliged, thanks. +[Twitter thread](https://twitter.com/SBF_FTX/status/1589399420487208960?s=20&t=QZmfOdd5sDL7Hc1dIUR3BQ) from his account: + +1. A huge thank you to everyone who has supported us--we're excited to keep climbing together. And especially to those who stay level headed during crazy times. We deeply appreciate it. +2. A bunch of unfounded rumors have been circulating. You can see [here](https://twitter.com/carolinecapital/status/1589264375042707458?s=20&t=F4OsBu8pcmHH5iMTsEIK4g), FTX keeps audited financials etc. And, though it slows us down sometimes on product, we're highly regulated. +3. We've already processed billions of dollars of deposits/withdrawals today; we'll keep going. (Taking up anti-spam checks to process more--sorry if you got those. We're hitting node rate capacity, will keep going.) Also tons of USD <> stablecoin conversions going on. +4. And in the end you should do what you want, and trade where you want. We're grateful to those who stay; and when this blows over we'll welcome everyone else back. +5. As always -- a huge thank you to our supporters. And to everyone else, as well, as long as they keep building and keep moving the industry forward. We'll keep building too. + +**EDIT:** As I type this edit the post has a 60% upvote rate and **every single person** that has commented that they withdrew (or similar sentiment) has been heavily downvoted. WTF??? + +**EDIT2:** It seems that the downvote situation stopped, some early comments were deleted in fear of losing karma I guess. + +Also, as pointed out in the comments: *FTX's stablecoin reserve just reached a year-low. $51M as of now. -93% over the last two weeks.* [Source](https://twitter.com/ki_young_ju/status/1589396703421272064?t=y4SjLwz2K6QouW7YVeBrqw&s=19) + +&#x200B; +With the insight that 100,000,000 has been generated in lending revenue in the last three months only, we have been given another piece to the puzzle. +The information contained in the news unveil the amount of shares lent out. + +Let’s do some napkin maths. + +The revenue r generated by lending an amount of shares s depends on the borrow rate b and the share price p. +Let’s assume some averages and refine the maths later in case we are onto something. +So the average price between July and September (3 months) should be around 35. say the average borrow rate was 10%. The generated revenue was 100 million USD. +Use a 2.5% interest rate to approximate three months. + +r = s b p +r / (b p) = s +100000000 / (0.025 * 35) = s +This yields approximately 114 Million shares lent out. So about 37.5 % of all shares outstanding. +Considering naked shorting and the cellar boxing scheme, this is only the visible tip of the iceberg. + +Im gonna head out and DRS some more. + +Edit: Formula formatting + +Edit 2: Follow up thoughts: + +Currently, considering the DRS‘d shares from retail, insiders and stagnant insiders, 46% of the stonk is locked up. Consider another 37.5% lent out and (at least) short. +This leaves only 16.5% of the remaining shares to be DRS‘d until the 🩳 will have to fight among themselves for the emergency exit. +Furthermore, we are approaching a majority stake of 50% in retail hands. This will render controlling interest to retail, with the power to quickly and securely approve or deny any proposal issued by the company. What a time to be alive. +Apartment complex is using a new payment platform and is asking for my bank login credentials. Not account numbers or SS# but my actual login name and password. Is this normal or even legal? I've never had to provide that personal info before in the many apartments I've lived in. +**Walmart Due Dilligence** + +**PARTNERSHIPS** + +\- Partnership with Instacart + +Recently Walmart and Instacart have founded a partnership that will allow Walmart to use Instacart their same-day shipping service. \[Walmart and Instacart together make up for nearly 50% of the online grocery sales.\]( [https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png](https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png)) Walmart’s vast inventory and Instacart their network and experience will only strengthen their position as the dominant grocery delivery providers, and thus putting more pressure on Amazon. + +\- Partnership with Shopify + +In addition to Instacart Walmart has also partnered with Shopify. This new partnership will allow third-party sellers to directly sell their item’s on the Walmart marketplace. This new partnership will greatly expand Walmart’s inventory while giving small businesses the opportunity to reach a bigger demographic. Walmart is expecting to add 1200 Shopify sellers in 2020. Listing an item on Walmart’s marketplace allows Walmart to pick up some fees and generate greater traffic to the website. Another interesting possibility to consider is the fact that Walmart could be used as a Shopify returns hub, with a Walmart being within 10 miles of 90% of the US population it is the ideal candidate for further strengthening their relation with Shopify and saving both parties a lot of money. + +\- Partnership with ThredUp + +Walmart has also partnered with Thredup. ThredUp is basically an online thrift shop for clothes and wearable’s. This brilliant partnership means Walmart can now offer both normal and high-end clothing on their marketplace for an affordable price and expose customers to nearly 750,000 pre-owned items. Who would’ve ever thought you could tell someone that you bought your Michael Kors or Calvin Klein at Walmart. + +\- Google + +Walmart has been partners with Google for over 3 years now. This partnership allowed Walmart to enter the domain of voice ordering groceries. Simply ask one of your Google devices to buy milk and it will add milk to your Shopping cart. This Partnership might just be the beginning of a strong bond between Google and Walmart as both companies are interested in competing with Amazon. + +\- Microsoft (+ Possible TikTok acquisition) + +Walmart has been partnered with Microsoft for about 2 years with 3 more years to go. + +Since the partnership Walmart has been using the full range of Microsoft cloud solutions in a bid to accelerate their digital transformation, innovation and efficiency. + +**Acquisitions** + +\- Bonobos, ModCloth, ShoeBuy, Moosejaw, Parcel + +Let’s start at the beginning, with these acquisitions Walmart stated entering the e-commerce market in 2016-2017. Sadly as is known none of these are particularly success stories with the companies being sold again, being discontinued or CEO’s leaving. However Walmart learned a lot from these companies and has used this knowledge to further try to expand in the e-commerce market. + +\- Jet.com + +The first big step in the fight against Amazon. When amazon acquired Jet.com it was a clear signal of what its intentions were. Jet.com was one of the fastest growing U.S. e-commerce companies and Walmart acquired them in September 2016. Since then a lot has happened, Jet.com has been discontinued but the knowledge, progress and technology gained due to Jet.com is irreplaceable and has given Walmart a brilliant boost into the e-commerce with their e-commerce sales increasing 29%. Furthermore (ex)CEO of jet.com Marc Lore is now the CEO of Walmart’s e-commerce. + +\- Flipkart + +Ever heard of the small startup company called Flipkart? Maybe you have not, you should though. Flipkart owns 35% of the Indian e-commerce market, a true giant. Walmart acquired Flipkart in 2018 and ever since then it has been expanding its influence in India and fighting against Amazon for market dominance. This year Flipkart took over Walmart’s 28 Indian stores in order to expand its wholesale growth. Another interesting thing is that Walmart might make Flipkart public within the next 3 years. + +\- TikTok acquisition + +Some very recent news of their Partnership with Microsoft is to potentially acquire TikTok. TikTok’s enormous userbase and the current pressure in the US and India have made for an interesting situation causing the partnership to push forward in the bid to acquiring TikTok. In my opinion Walmart has a very decent chance of getting TikTok and making it work. One factor that plays a big role in this is Walmart’s presence in India due to Flipkart. Flipkart is India’s biggest online store for; phones, electronics, books, home appliances, etc. With Walmart having a presence in both countries where TikTok is (going to be) banned might mean some positive things for the future, but for now that is speculation. The acquisition of TikTok would allow Walmart to use its genius algorithm and massive userbase to further promote and integrate its Walmart marketplace. + +**Walmart PLUS** + +Word is finally out, in September Walmart will be launching its Amazon competitor called Walmart plus. It will give numerous benefits to the user such as; Unlimited free delivery(with 2700 stores having same day delivery), fuel discounts and scan&go a tool to make shopping faster, all for the price of $98 per year + +**2 Hour Delivery** + +Walmart recently launches its new delivery service, called Express Delivery. This new service will allow customers to place their order online and receive their groceries (for a 10$ fee) within 2 hours. Walmart express delivery is currently available in 800 stores with plans to expand to 2000 stores. In addition to 2 hour delivery Walmart also offers same-day delivery in almost the entire United States. + +**5000+ US stores.** + +This is Walmart’s biggest weapon. The thing Amazon lacks the most is physical stores. Walmart has over 5000 stores while Amazon has just over 600 (worldwide!). If Walmart can find a way to combine e-commerce with its enormous physical presence then it could give Amazon an absolute run for its money. Remember that 90% of Americans live within 10 miles of a Walmart. + +**Some other interesting facts to consider.** + +\- 90% of US population live within 10miles of a Walmart. + +\- Walmart’s e-commerce sales are currently up 97% + +\- Walmart’s expansion in Africa, India, China. + +&#x200B; + +**Conclusion/TLDR** + +Let me first state with you that this has been my first Due Dilligence and that English is not my first language. + +Walmart is currently the underdog, and not many people are expecting them to properly fight Amazon. However its recent spree of partnerships and acquisitions have been a brilliant and very clear move in the direction of e-commerce. If Walmart fully utilized its massive physical network together when their growing fresh e-commerce, I see no other outcome then for Walmart to grow, grow, grow. Covid has given Walmart customers the push they needed to fully explore Walmart their marketplace, the marketplace that is now starting to fill up with thousands of sellers and endless products. Walmart VS Amazon, here we go, my money is on Walmart. + +Sources: + +Instacart: + +[https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png](https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png) + +[https://www.forbes.com/sites/walterloeb/2020/08/12/walmart-teams-up-with-instacart-to-rival-amazons-fast-grocery-delivery/#3bde97546010](https://www.forbes.com/sites/walterloeb/2020/08/12/walmart-teams-up-with-instacart-to-rival-amazons-fast-grocery-delivery/#3bde97546010) + +[https://www.theverge.com/2020/8/11/21363507/walmart-instacart-partnership-same-day-grocery-delivery-amazon-whole-foods-rivalry](https://www.theverge.com/2020/8/11/21363507/walmart-instacart-partnership-same-day-grocery-delivery-amazon-whole-foods-rivalry) + +Shopify: + +[https://corporate.walmart.com/newsroom/2020/06/15/walmart-expands-its-ecommerce-marketplace-to-more-small-businesses](https://corporate.walmart.com/newsroom/2020/06/15/walmart-expands-its-ecommerce-marketplace-to-more-small-businesses) + +[https://techcrunch.com/2020/06/15/walmart-partners-with-shopify-to-expand-its-online-marketplace/](https://techcrunch.com/2020/06/15/walmart-partners-with-shopify-to-expand-its-online-marketplace/) + +[https://www.forbes.com/sites/christopherwalton/2020/06/15/walmarts-new-shopify-partnership-is-another-stroke-of-digital-genius/#26a4e18e3025](https://www.forbes.com/sites/christopherwalton/2020/06/15/walmarts-new-shopify-partnership-is-another-stroke-of-digital-genius/#26a4e18e3025) + +ThredUp + +[https://www.forbes.com/sites/christopherwalton/2020/06/05/walmarts-thredup-partnership-is-the-best-digital-move-walmart-has-made-in-the-last-3-years/#265d62952172](https://www.forbes.com/sites/christopherwalton/2020/06/05/walmarts-thredup-partnership-is-the-best-digital-move-walmart-has-made-in-the-last-3-years/#265d62952172) + +[https://www.walmart.com/browse/clothing/thredup-shop-all/5438\_6272369\_7404214](https://www.walmart.com/browse/clothing/thredup-shop-all/5438_6272369_7404214) + +Google: + +[https://techcrunch.com/2019/04/02/walmart-partners-with-google-on-voice-enabled-grocery-shopping/](https://techcrunch.com/2019/04/02/walmart-partners-with-google-on-voice-enabled-grocery-shopping/) + +[https://techcrunch.com/2017/08/22/walmart-and-google-partner-on-voice-based-shopping/](https://techcrunch.com/2017/08/22/walmart-and-google-partner-on-voice-based-shopping/) + +Microsoft + TikTok + +[https://techcrunch.com/2017/08/22/walmart-and-google-partner-on-voice-based-shopping/](https://techcrunch.com/2017/08/22/walmart-and-google-partner-on-voice-based-shopping/) + +[https://news.microsoft.com/2018/07/16/walmart-establishes-strategic-partnership-with-microsoft-to-further-accelerate-digital-innovation-in-retail/](https://news.microsoft.com/2018/07/16/walmart-establishes-strategic-partnership-with-microsoft-to-further-accelerate-digital-innovation-in-retail/) + +[https://edition.cnn.com/2020/08/28/tech/walmart-tiktok-bid-hnk-intl/index.html](https://edition.cnn.com/2020/08/28/tech/walmart-tiktok-bid-hnk-intl/index.html) + +Bonobos, ModCloth, ShoeBuy, Moosejaw, Parcel + +[https://www.investopedia.com/articles/markets/102315/top-4-companies-owned-walmart.asp](https://www.investopedia.com/articles/markets/102315/top-4-companies-owned-walmart.asp) + +Jet.com + +[https://www.cnbc.com/2020/05/20/walmart-ceo-on-buying-jetcom-we-would-do-that-all-over-again.html](https://www.cnbc.com/2020/05/20/walmart-ceo-on-buying-jetcom-we-would-do-that-all-over-again.html) + +[https://www.fool.com/investing/2020/05/20/jetcom-may-be-history-but-walmart-got-what-it-need.aspx](https://www.fool.com/investing/2020/05/20/jetcom-may-be-history-but-walmart-got-what-it-need.aspx) + +Flipkart + +[https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/flipkart-to-acquire-walmart-indias-wholesale-business/articleshow/77122766.cms](https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/flipkart-to-acquire-walmart-indias-wholesale-business/articleshow/77122766.cms) + +[https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/flipkart-is-no-1-in-india-but-faces-formidable-foe-in-amazon-say-experts-54083920](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/flipkart-is-no-1-in-india-but-faces-formidable-foe-in-amazon-say-experts-54083920) + +[https://corporate.walmart.com/newsroom/2020/07/23/walmarts-majority-owned-flipkart-launches-wholesale-business-to-help-small-businesses-in-india-source-directly-from-manufacturers-and-producers](https://corporate.walmart.com/newsroom/2020/07/23/walmarts-majority-owned-flipkart-launches-wholesale-business-to-help-small-businesses-in-india-source-directly-from-manufacturers-and-producers) + +[https://www.livemint.com/companies/news/will-flipkart-ipo-set-the-ball-rolling-for-indian-unicorns-1561489450378.html](https://www.livemint.com/companies/news/will-flipkart-ipo-set-the-ball-rolling-for-indian-unicorns-1561489450378.html) + +Walmart PLUS + +[https://www.tomsguide.com/news/walmart-plus-price-launch-date-and-everything-you-need-to-know](https://www.tomsguide.com/news/walmart-plus-price-launch-date-and-everything-you-need-to-know) + +[https://corporate.walmart.com/newsroom/2020/09/01/walmart-introduces-walmart](https://corporate.walmart.com/newsroom/2020/09/01/walmart-introduces-walmart) + +2 hour delivery + +[https://www.theverge.com/2020/4/30/21243557/walmart-express-delivery-two-hour-groceries-electronics#:\~:text=Walmart%20is%20launching%20a%20new,during%20the%20COVID%2D19%20pandemic](https://www.theverge.com/2020/4/30/21243557/walmart-express-delivery-two-hour-groceries-electronics#:~:text=Walmart%20is%20launching%20a%20new,during%20the%20COVID%2D19%20pandemic). + +[https://www.roadie.com/resources/press-releases/walmart-grocery-delivery](https://www.roadie.com/resources/press-releases/walmart-grocery-delivery) + +[https://corporate.walmart.com/newsroom/2020/05/12/the-why-and-how-behind-walmart-express-delivery?irgwc=1&sourceid=imp\_0iY1nOXZ4xyOUzQwUx0Mo3EHUkiVmiRxgxJy140&veh=aff&wmlspartner=imp\_1943169&clickid=0iY1nOXZ4xyOUzQwUx0Mo3EHUkiVmiRxgxJy140&sharedid](https://corporate.walmart.com/newsroom/2020/05/12/the-why-and-how-behind-walmart-express-delivery?irgwc=1&sourceid=imp_0iY1nOXZ4xyOUzQwUx0Mo3EHUkiVmiRxgxJy140&veh=aff&wmlspartner=imp_1943169&clickid=0iY1nOXZ4xyOUzQwUx0Mo3EHUkiVmiRxgxJy140&sharedid)= +Hi all, just wondering if people here have encountered this decision before. I’d like to buy a $500k-$700k apartment in 1-2 years and am tossing up between holding onto my ETFs and buying with a ~5-10% deposit or selling a significant chunk of my portfolio to get up to a 20% deposit. + +I’m currently saving around $3k per month, which is all going into Vanguard ETFs at this stage, but I may start moving more of that into savings now. + +I haven’t historically viewed my ETFs as a savings mechanism for a property purchase, but it is tempting to sell up to avoid the LMI and then rebuild my portfolio after buying it. + +My stats: + +Status: first home buyer + +Income: ~$120k + super + +ETFs: ~$60k Vanguard ETFs (VAS/VGS) + +FHSSS: $25.5k (after depositing $30k this FY and last - aiming to increase to $45k / $50k depending on purchase timeline) + +Cash: $35k ($10k rainy day fund, $10k deposit savings, $15k ready to go for next FHSSS deposit in July) + +Savings per month: $3k + +Debts: just HECS +A while back, I read this [interesting piece](http://dailyreckoning.com/a-better-way-than-buy-and-hold/) by a guy who has a simple method for timing the market. The method is this: when the S&P 500 closes below its 300-day moving average, you sell. When it closes above its 300-day moving average, you buy. The article linked above shows some pretty impressive returns if you followed his method. + +But, the graphs in his article end in 2012. + +So, I created this graph of S&P500 closing price vs its 300-day moving average, from 1997 to Aug 31, 2015. + +[http://i.imgur.com/n1SqSd0.png](http://i.imgur.com/n1SqSd0.png) + +That's right. It has closed STRONGLY below its 300 day moving average. + +I'm honestly expecting a crash from here, as we find out in the coming months the full extent of China's deflationary depression, and the havoc it will wreak on US companies' earnings. + +Also, to those who will comment, "it has crossed below the average in the past and didn't crash" - you're correct. So you'd sell when it crossed below, and quickly buy again when it crossed above. So you wouldn't miss out on any upside action. + +The goal here is to be in cash when the market crashes. And as I've been saying for months now - the market is expensive, and this is yet another sign that a downturn might be coming. + +**EDIT**: I'm shorting the market with deep out of the money puts, so I make money when the market goes down. I'm also long the market with deep out of the money calls, in case everything I wrote above is wrong. +The offer came from a posting on online job board. The job is basically a low-tier chauffeur. They are providing the vehicle. They are booking the client's hotel near my residence vicinity. The client will be around for about half a year, at which, a new client will be assigned to me. As stated above, the salary is $800 weekly. Work schedule would be one day during the week and then the weekend, all during the evening hours. Sounds pretty sweet, right? + +&#x200B; + +Here's where things get suspicious. First, the schedule was negotiable. The e-mail stated they could work out a suitable schedule to match my availability. Second, the pay is way too much for such a simple job (quick maths came to $88.88/hr) . Although, I suppose that's the obvious part. Lastly, and the real kicker, is the upfront pay. They will be mailing me a check, of which, will contain my first week's salary, an extra couple hundred dollars for gas and a car wash, with the remainder to be remitted to the client's moving agent. The remainder being more than what I would keep. More than double. + +&#x200B; + +I'm no fool when it comes to check scams thanks to this subreddit. Thank you. If anybody wants to have a look at the website for themselves, it's [https://www.sourcetransports.com/](https://www.sourcetransports.com/). Looked pretty convincing at first, but after a few reverse image searches, you'll realize it's just one of many carbon copies. The sad part is, I'm kind of struggling to find work at the moment. I can't be the only one. Be wary of scams like this one. They prey on your desperation. In my initial enthusiasm, I may have sent more sensitive information than I needed to. Not sure how it's going to impact me. Gotta be honest, I don't have much to steal and my credit is already bad, but I've had the floor fall out from under me before. We'll see what happens. + +&#x200B; + +Have a good holiday, r/personalfinance. +I'm still a student, with just under 2 months from graduation. I had been planning to move out in September when I start Graduate school (as I'll have a source of income from TA-ing, etc.), but a recent dispute escalated and I am forced to cut ties with my parents and move out early. + + +That being said, I have already found housing accommodations for 500$ a month, and there rests around 5000$ in my bank account from my student loans. I am currently looking for a job but I am also looking for ways to make that 5000$ worth its while. I'm just a bit overwhelmed as I don't really know where to start, nor the precautions needed to go independent. Any kind of advice will help. +FI tends to be a pretty low risk crew relative to, say, /r/investing. So, excluding crypto because obvious, what are the higher risk investment strategies you've incorporated? Be it just a "I'm 20 and can accept the risk now" or "I want higher growth potential and am willing to gamble a little." Emerging markets? Specific stock picks? What lead you to them? How does it play into your overall FI strategy? +So essentially I see a lot about the journey to become profitable, but once you ge there, what is the rest of the journey like? Is it slow smooth sailing into bigger positions and profits or is there an untalked process that goes on after becoming profitable? +Ethereum was initially a tech startup company and the Ether token was launched as a fundraising mechanism for the Ethereum business venture. They printed themselves to be the largest shareholder of Ether, approached a bunch of investors, pitched the investors a whitepaper and said if you give us money we will deliver you this roadmap and we will also print you a X% share of the network. To those from the business world, that sounds *a lot* like a stock offering. Ethereum even used the term "IPO" in their marketing, as the term "ICO" wasn't popular yet. 72 million Ether were premined, contrasting that to the 116 million current total Ether in circulation means that 62% of all current Ether supply was printed before the network even went live. + +XRP often gets dunked on for largely being a stock ticker for Ripple Labs, but there aren't very many differences between Ripple and Ethereum concerning the launch. Both launched as a premine and they both printed themselves a big bag to periodically sell to "fund" operations. **The Ethereum Foundation sold $115,000,000.00 of ETH on Kraken at the literal top on May 17th, 2021. (**[Link to etherscan](https://etherscan.io/tx/0x3a7f91d3f35cb2f02125f2f83685f2fcaa0cd78513650fca49dedd7dc3faa1cf))**.** Jed McCaleb, founder of Ripple, also sold about $275,000,000.00 dollars worth of XRP in the month of May 2021. Because of the similarities of the launches, the outcome of the SEC vs Ripple court case in the US will likely also negatively affect the legal status of Ethereum. + +Vitalik Buturin and the Ethereum Foundation together **hold a whopping $3,000,000,000.00 USD** worth of Ethereum in their publicly disclosed wallets that they printed for themselves. Maybe I'm off base here, but I don't think billions of dollars are necessary to "fund" a small team of developers. What are they even doing with all of that money? I dug around on their website, **I found no documents disclosing what they do with their funds**. Moreover, Vitalik was recently on a Lex Friedman podcast talking about his trading habits with other coins, and Vitalik discussed how he tried to time the top on certain coins like Dogecoin this market cycle. That discussion raised my eyebrows because I never recalled hearing Vitalik disclose that he owned any other wallets. I decided to dig through their website to find anywhere where they disclose their other wallets... **and again, I found no such disclosures**. Since Vitalik is confirmed to have undisclosed crypto investments, it's safe to assume that Vitalik and the Ethereum Foundation likely hold **significantly** more Ethereum than what is known in the publicly disclosed wallets. Since there are no regulations in crypto, Vitalik and the Ethereum Foundation have no legal obligation to be transparent about any of their finances or trades. + +Do you really think Ethereum would have spent the last 5 years working towards transitioning to PoS if the founders didn't hold large ETH stacks? The day PoS goes live on the Ethereum mainnet, is the day that both Vitalik and the Ethereum Foundation's wallets become permanent endowment funds, essentially, destined to forever sit as King of the Hill, collecting taxes as staking rewards while being mathematically shielded from ever seeing their controlled market share diminish. + +I guess the point I'm making is that *Ethereum didn't have to launch like this*. They could have had a clean, immaculate conception like Bitcoin. Proof of work consensus chains are supposed to start at the genesis block, the premine was 100% unnecessarily tacked on to self-serve the financial interests of the founders. Rather than making Ethereum a fully decentralized public good, the team opted to make Ethereum their own private business venture. +So yesterday I was talking with a buddy of mine about the whole GameStop situation (he’s generally educated in investing but not a wrinkly) and suddenly I found myself talking about total return swaps, collateral obligations/margin requirements, settlement cycles, payment for order flow, the CFTC, SEC, etc…and the crazy thing was that I actually knew wtf I was talking about!!! + +And therein lies their biggest threat and worst nightmare; an educated and informed mass of regular everyday people. Just like you, just like me. + +GME isn’t the threat to their game. WE are. + +Last year you probably would’ve found me YouTubing “basics of trading options” and now here I am talking competently about derivatives and the mechanics of the market. + +The shift is here apes. It’s starting and we���re ALL a part of it (as individuals investors of course). Whether you’re here just for the squeeze or also here to push for major reform (or a combo of both), it’s all steering us towards the greater good. + +We don’t all have to become ultimate-wrinkly brains either, just buying and hodling is contributing to the fairer and more transparent market of tomorrow. One that works for EVERYBODY. + +We clearly can’t depend on the crooked politicians, complicit regulators and greedy financial terrorists to turn this ship around, but we CAN depend on each other and I just wanted to say that I appreciate ALL of you guys - especially the wrinklies who selflessly dedicate their time educating the rest of us. + +Endless love to you all. + +And just to reiterate - Yes, WE are their worst nightmare. + +TL:DR - BUY, HODL AND KEEP DIGGING!! +I (23F) am a waitress in NYC and work 40+hour weeks. I’ve been working hard to be able to pay my bills and put money away to savings. + +I currently have 20k in my savings account. Recently I was told that due to inflation, I was actually losing money keeping it in my savings. This was really frustrating and sad to hear as I’ve worked so hard to get to this point. I have 30k in student debt and I want to build a secure future for myself. + +Is there a different kind of account I can use to accrue interest? 401k? Investing? This is so foreign to me and I would be lost if I flushed away this money due to my lack of experience and understanding in that department. + +It also may be worthy to note that I’m about to leave for a contract to work on a cruise ship for the next 7 months. During this time I’ll be making less money, but won’t have to pay for rent or food. So I’m expecting to grow my savings - hoping to double it. + +I work hard, but I don’t know where to go from here? + +Edit to add: I have lived on my own since I was 16. +Title says it all. Smart phones and social media have without a doubt changed the world rapidly and has forever changed our lives. However there have been growing pains and some unintended consequences of this technology adoption. Do you foresee any unintended consequences as a result of mass adoption of Crypto/Blockchain technology? Obviously there will be major economic changes ranging from job displacement and inflows/outflows of capital to and from this new technology. But I am really focused on the potential societal effects that it may cause. + +What are your thoughts? + +EDIT: I was really looking for outside of the box thinking. Not the typical scams, losing money, shills, and pump and dumps we all know about. +Corporate executives have this month bought shares in their companies at a rate not seen since the early days of the Covid-19 pandemic in what some Wall Street analysts said was an encouraging sign for the US stock market. + +&#x200B; + +Between the start of the month and May 24, insider buying at S&P 500 companies has been the strongest since March 2020, according to figures from VerityData. For the broader Russell 2000 index, there have been more insider buyers than sellers this month for the first time since March 2020, VerityData said. + +&#x200B; + +Despite retail investors pulling out of the stock market and the looming threat of a slowdown or recession, “corporate insiders are holding a non-consensus view across most sectors and \[are\] actively buying the dip”, analysts at JPMorgan said in a May 27 note, adding that the share purchases were encouraging for the direction of stock markets. + +[Line chart: Net insider buying](https://archive.ph/Xoram/8b7ad801524416a019e2e59407135fd8bb58963c.avif) + +&#x200B; + +US stocks snapped a seven week losing streak on Friday although the benchmark S&P 500 index is down 12.8 per cent so far this year. + +&#x200B; + +Strong insider buying “has historically been a pretty good sign of market bottoms”, said David Giroux, portfolio manager at T Rowe Price. + +&#x200B; + +“Insiders are saying ‘we don’t see a massive event coming’ . . . \[that\] these are really good buying opportunities,” he added. “This is just another confirming data point that should be positive for the market over six to 12 months if not longer.” + +&#x200B; + +Earlier this month Howard Schultz bought $15mn of Starbucks shares after returning as interim chief executive in March to the company he turned into a global coffee chain. It was the first insider stock buying at Starbucks since August 2018, VerityData said. Starbucks shares are down about 35 per cent so far this year. + +&#x200B; + +Vladimir Shmunis, co-founder and chief executive of RingCentral, a web-based app company that replaces landline phones, spent $1.2mn on his first stock purchase since the company went public in 2013. RingCentral has seen its share price plunge more than 60 per cent this year. + +&#x200B; + +Representatives from Starbucks and RingCentral did not respond to a request for comment. + +&#x200B; + +“There is certainly message sending \[with\] buying and some of it is performative,” said Ben Silverman, research director at VerityData. + +&#x200B; + +However, Silverman said that he would have expected “more intense buying right now”, especially at S&P 500 companies. + +&#x200B; + +“In March 2020, no one had any clue how the next two years would play out,” he said, adding that at the start of the pandemic “we saw a lot more \[buying\] conviction”. + +&#x200B; + +@Via [FT](https://www.ft.com/content/72442478-1759-4ac2-8d7c-bf0382997af9) (non-paywall link at [archive](https://archive.ph/Xoram)) +I am not a financial advisor. I am merely a fucking autistic number crunching, experiment running engineer. This is my view point. + +With all the various technical analysis people chiming in, I figured I would provide my thoughts from an engineering statistics view. Engineering stats is different from financial stats because we are more focused on the data as a whole and only concerned with outliers when there are a shit ton of outliers. This is an over generalization but I’m giving a quick explanation on how this approach is different from the rest. I also only used log ape’s data since the EW, sideways trading, and gamma apes use a financial analysis technique that is too financial analysis-y and not pure mathemagically. + +I’m not bothered by how the last few data points were below the log equation and here’s a few reasons why: + +1. Outliers are common in any distribution. +2. Data points usually deviate from a trend due to some form of bias. + +**Outliers are common in multivariate regression.** + +For the sake of easier understanding, I am only going to address the normal bell curve distributions. There are two important statistical values to this type of distribution. The first is the average / mean represented by μ. The other is the standard deviation represented by σ. + +For a given data set that has a normal distribution, 68% of the data will fall within +/- 1 σ. 95% of the data will between +/- 2 σ. Finally 99.7% will fall within +/- 3 σ. This is called the 68 - 95 - 99.7 rule in stats. + +&#x200B; + +[I'm so pretty, I model.... statistical model.](https://preview.redd.it/i00678hl0u471.png?width=500&format=png&auto=webp&s=e3209c34f950dd5685c044a2220bcc13ab078d5f) + +So, if you know the distribution of a data set, you’ll know what percentile a single data point will fall into in comparison to the rest of the data. Percentiles are great because they can also act as probabilities. Here is an ape level example to show how: + +Let’s say we have a group of 100 crayons all with different lengths. For this particular group of crayons, the average length of a single crayon is 10 cm, and the standard deviation is 1 cm. That means 68% of the crayons are going to be 9 - 11 cm. 95% of the crayons will be 8 - 12 cm, and 99.7% of the crayons are going to be 7 to 13 cm. It would create this type of distribution: + +&#x200B; + +[MMM crayons](https://preview.redd.it/eyllc4ipcu471.png?width=1792&format=png&auto=webp&s=5f5d8bfe8283a8ad024a4f6c312f67537bf62dee) + +Here is where the probability part comes in: + +Let’s say you suddenly had a crayon that was 13 cm long which according to our graph is 3σ away from the average. Looking at the pretty graph, we can see that a 13 cm long crayon is bigger than 99.85% of the rest of the crayons. Where did the 99.85% come from? We counted all the crayons that were less than 13 cm to include anything below 7 cm: + +2.35 + 13.5 + 34 + 34 + 13.5 + 2.35 + 0.15 = 99.85% + +But what the fuck? Where did that additional 0.15 come from when +/- 3σ is 99.7% It came from also counting in the number of crayons that are below 7 cm in length. Since probability cannot be greater than 100% and this is a symmetrical curve, 0.15% of the crayons are less than 7 cm because + +100 - 99.7 = 0.3 (the percent of crayons either greater than 13 cm and less than 7 cm) + +0.3 / 2 = 0.15 (the percent of crayons less than 7 cm OR less than 7 cm). + +A 13 cm long crayon is super rare. In fact, there is only a 0.15% probability of getting a crayon 13 cm or longer. + +Let’s now look at log ape’s graph: + +&#x200B; + +[That's some pretty fucking solid eyeballing.](https://preview.redd.it/pbtv657s5u471.png?width=1600&format=png&auto=webp&s=164a9db39188d1f6d2aa413a6f478bd8720a0f83) + +From this graph there are only 2 values out of a total of 175 data points that would be considered “outliers.” I use outliers to mean values that do not fit the trend which is above the equation. 2 / 175 points is a mere 1.1% of the population. This amount is within reason for any regression type modeling. + +Note: this is extremely over simplification and a lot of things have been aped down for easier explanation. I won’t be getting into that statistical calculation stuff because it’s higher end so Imma stick to keeping it smooth brained…. If I were on my work computer that has my fancy statistical analysis software, I would go balls to the wall. Sadly, I left that at work (where it belongs), + +**Data points usually deviate from a trend due to some form of bias.** + +I’ve been looking into log ape’s data and noticed that his variable “d” accounts for all days to include the weekend. 6/7 is day 250 and 6/4 is day 247. + +[6\/7: d = 250](https://preview.redd.it/p03b5h9z5u471.png?width=1431&format=png&auto=webp&s=d312f4a748086d6d2faa8a54fd309fb5135f945f) + +[6\/4: d = 247](https://preview.redd.it/elsgsgy36u471.png?width=1414&format=png&auto=webp&s=a58d87829011beda2cbb9b6d36655de92e9b6c5c) + +If you were to only do business days, the dates would have a different associated d value. So, let’s try to redo log ape’s equation to only do trading days. The above graph would shift to look like this: + +&#x200B; + +[Well, fuck. There are lot more dips below the log equation.](https://preview.redd.it/gafj8u3b6u471.png?width=1600&format=png&auto=webp&s=0c80d45ccedd75e99d0f95ad88382c9ae31d1541) + +Since log ape’s graph included the weekend, this compounded value would cause an influence on the resulting equation and would get more and more off due to more and more added weekends. Let’s see what those intersections were that are essentially a bias causing a large deviation between the lowest share value and the log ape’s equation: + +[This graph has more dates than I do. #4EvaAlone](https://preview.redd.it/coksvisatu471.png?width=2591&format=png&auto=webp&s=d3804613538928b42aa059540c112b28b0d6528f) + +Interesting… So from the graph, the most common cause for the lowest share price values to drop below the log ape’s equation is when a new GME board member is announced. Followed by legislation, shares filing, and the holy FTD settlement theory. + +Long story short: When a trend deviates from it’s normal trend, it is typically due to a bias. Calm your tits. We’re still gucci. Log ape is fucking amazing for inspiring me and being my mathemagical muse. + +**TL;DR** + +**Hold the line.** + +So big shout out to log ape for eye balling a pretty fucking solid equation. I’m thoroughly impressed. I wish I had excel to do goal seek but I’m not going to pay to buy MS office on my home computer. + +Data sources: + +[Share Price Data](https://finance.yahoo.com/quote/GME/history?p=GME) + +[GME History](https://gmetimeline.com/) + +Edit 1: Updated the photos so they aren't for ants. + +Edit 2: Worded additonal biases into explanation. + +Edit 3: I am not saying exponential floor ape is wrong in any way. I am merely presenting a different method of viewing the data. Without exponential floor ape and his DD, none of this would be possible. + +Edit 4: pinging u/JTH1 for his point of view and reponse. + +Edit 5: The equation itself is not an exact measurement because the values in the original equation itself were guesstimated. Therefore, there will be inherit deltas due to inaccuracies. Yes, there are a bunch of other variables that can affect this trend but that would require some form of metrology that takes into account the human factors. I would argue this current trend line is capable of describing the majority of the model due to its high R\^2 value. This isn't exact science nor a perfect model. It's hand wavy stats based around real world events. + +Edit 6: Updated crayon bell curve for better visual explanation. + +Edit 7: u/WhatCanIMakeToday suggested I replace guy with ape. I took his advice. + +Edit 8: I figured I would make a [tweet](https://twitter.com/pwnwtfbbq/status/1403717359899090946) about this to share. + +Edit 9: Edited event graph to add all dates. + +Edit 10: Added more events within the dates. If you look at the trend and remove the "outliers," you would see the more "natural" lowest share price. It would appear that these specific dates had a greater bias than the others. + +Edit 11: Exponential ape derived his equation looking at a definitive value. So, while it would appear that causing a shift would deviate from the original intent, it also doesn't since I'm looking at different types of data. The curve he presented fits the overall trend VERY well and we are viewing the data in different ways. He is looking at a constant value while I am looking into rates of change due to biases. In other words, he can give you a value, and I can give you the most influential reasons why it may change. +[evening standard](https://www.google.co.uk/amp/s/www.standard.co.uk/news/uk/woman-30-on-a-40k-salary-who-lives-at-home-claims-her-parents-still-have-to-bail-her-out-each-month-a3987981.html%3famp) + +Carelessness with money or genuine dilemma? Thoughts? +I hear it's possible to make a living if a larger size is managed correctly. + +If I employed a 1% max loss per trade paired with a 1.5% max gain or similar disciplined strategy and learned the technicals (already ok on fundamentals/news as I've been long term investor for a while), is there a good chance of succeeding with this amount? + +Success = $3k per month minimum + +I live in Ireland so if spreadbetting allows decent execution/low spreads I wouldn't pay taxes on any gains I'm lucky enough to land. +Reddit was down for some time about 30 minutes ago and the post with the stock guy talking about naked shorting GME was altered from something like 27k upvotes down to 8k votes. They are letting this sub stay on Reddit because they benefit from learning from us, but when we expose too much, they freak out and shut it down. They will more than likely shut down Reddit as a whole when GME is about to moon as well. Stay vigilant and delete your account before Reddit IPOs/during MOASS. +There are a lot of comments on how us non-experts don't get concepts and are not really helping the discussions. What would help people get up to speed to actually improve the subreddit? +>A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome. + + +Bitcoin is apolitical. Who cares who it's users are? It is technology. People carry stigmas and it is never good to start putting labels on something or grouping things that might be associated negatively with someone right off the bat. This is a forum after all and where do noobs always go to first learn about something? Usually internet forums, specifically on reddit. I am certainly not politically libertarian myself. It Just seems like a rather odd statement to make is all. Am I overthinking it? +Hi, + +I want to start off by saying that I'm aware I should have been more careful. I am partly responsible for the situation I am in but there were some factors I was unaware of. Though, I am unsure if these would help my case... + +So a year back, they came to me for help. They gave me a sob story (their parent ruined their credit rating and they were being charged for a phone bill (plus interest) that they thought they had resolved) and because they were a long time friend I decided (albeit begrudgingly) to help them. I thought it would be good for their credit rating and naively assumed that they would be grateful enough to be responsible with their repayments. I agreed to not tell anyone, which they assured me was because of embarrassment. + +Now, I have made one repayment on their behalf. They told me that they had the money but it had been rejected for some reason. I told them I'd pay it but I need the money back. Two weeks later and after multiple "I'll get it to you today." I still haven't received it back. I was prepared to give them the benefit of the doubt... But then New Years Eve comes round and I casually mention to a mutual friend that the borrower owes me money to which I get the response "They owe me money, I am a guarantor on a loan for them." + +They have a £10,000 loan with my mutual friend. + +A £5,000 loan with me. + +I no longer wish to be friends with the burrower. Their bad credit rating is due to being in major debt with pay day loan companies and I am very concerned about this recent development. If I had known about the other loan, I would never have agreed to help. They've lied to me and keep making excuses. + +I am able to pay the loan payments and I know I'm legally obligated so I will *if* I have to. Needless to say, I am never being a guarantor again. Are there any other options open to me (besides declaring bankruptcy)? + +Thanks in advance. + +Edit: + +Called the loan company. They weren't able to give me a settlement figure over the phone but said they will calculate it and send me it via email in the next three days. +Pretty much everything seems to be selling and fast here, rents are going up etc. + +I bought a triplex for 312k 2 years later i refinanced now evaluated at 400k. + +I see home near by and they are asking ridiculous prices and still selling, seems like people are willing to pay over what they should. + +My fear is as baby boomers die available properties increase as they are sold off by inserting family to pay capital gains which can be up to 50%. + +Theirs properties next to mine asking 550k while having more repairs to be done and making less rent. + +My property is pretty much turn key now, In the past year I've only had 2 calls from tenants. + +If I was able to make 200k profit I would have a nice downpayment for something better, or just keep it and let it continue to make more money. +I found a package deal for 2 one bedroom units for close to the top end of my budget. + +The sale is contingent upon buying both AND the renters cannot be disturbed, and the realtor believes it would come with a stipulation to let them stay. They pay 1/3 of what a comparable rent would be. + +This deal only works if the rent is comparable to similar units in this area, otherwise I'm in the hole a few hundred a month - still not bad, but not ideal. + +Has anyone seen this type of thing? + +EDIT: Properties are at a fraction of market prices BUT tenants are allowed to stay "as long as they want" per the listing agent. +Looking for consensus and opinions. I’ll get legal and CPA advice after compiling my thoughts. + +I am a simple investor (currently 2 properties). I’m looking to slowly expand. I don’t think an LLC is in my best interest, as it will probably not provide the protections I assumed. I am heavily considering starting to “operate” under an DBA. This would be primarily for marketing and as much anonymity as I can squeeze out of it. + +I’m not going overboard but simply: + +Business bank account +Business cards +P.O. Box + +Will lenders recognize non-LLC, DBA entities? For financing/insurance. + +All comments welcome but I would love to hear from anyone who operates similar without an LLC. +https://theoutline.com/post/3840/frugalwoods-frugality-millennials?zd=2&zi=xm7kv2ej + +Saw this over at r/frugal (https://www.reddit.com/r/Frugal/comments/86lgbg/being_frugal_is_for_the_rich) and it really pissed me off. Why are people so invested in denying even the possibility of FIRE? It seems like the attitude is that because everyone can't do it they think no one can do it. +Disclaimer: This could be absolutely nothing. + +In looking up Goldman Sachs nonsense about them selling Russian debt, I stumbled upon something that seemed weird. I tried looking more into it, but I don't speak Spanish and couldn't find much that I could follow. + +**[Russian and Spanish?!]** + +I'm getting there. Forget about Russia. + +*NEW YORK (Reuters) - Goldman Sachs Group Inc, Point72 Ventures ***and others*** invested $42 million in a Mexico-based online lender called Credijusto.com* + + Source: https://news.yahoo.com/goldman-sachs-point72-others-invest-110834857.html + +Credijusto was a fintech start up that was just helping small businesses acquire loans. It seems very uncharacteristically benevolent for Point 72 and Goldman Sachs to throw millions into this. Goldman Sachs later made another $100 million investment to expand their credit services. + +Also that "...and others" is a curious addition considering who we know the common "other" is when it comes to Point 72. + +Less than two years later, that random little fintech, Credijusto, became the first Mexican fintech to acquire a bank. + +Source: https://globalfintechseries.com/fintech/credijusto-becomes-the-first-mexican-fintech-to-acquire-a-bank/ + +*The combined businesses have lent over $2 billion to underserved SMEs, while Credijusto has raised more than $400 million in equity and debt from a leading group of global investors including Goldman Sachs, Credit Suisse, Point72 Ventures, New Residential Investment Corp., Kaszek, QED Investors and John Mack. In a market where banks are slow to innovate and focused on corporate clients, Credijusto, which was founded in 2015, has developed a multi-product offering using a combination of cutting-edge software design, innovative applications of data science, and advanced internal processes. The company’s better-priced products, faster delivery and superior customer experience help to address financial inclusion and a $164 billion SME financing gap in the Mexican market.* + +Another $400 million investment from a bunch of notoriously corrupt American institutions to a Mexican fintech, that's now a bank, helping Mexican small businesses... + +Also, two years before this, in the first link in August 2019, they mention: + +*Founded in 2015, Credijusto has originated $90 million in loans and equipment leases to small businesses like dry cleaners and mechanics across Mexico, according to a statement from the company and investors.* + +So you're telling me they're going from $90 Million in loans to small businesses to managing a $164 Billion. + +Like I said, it could be nothing and lead no where at all, but it made me think of the Brazilian puts and Point 72's involvement in everything thus far. + +**[I know Mexico and Brazil aren't the same, don't @ me]** + +Any Spanish-speaking and reading apes out there able to dig further into Credijusto financial statements and all that, maybe you'll find something spicy. + +Buy. HODL. DRS. +## In the Beginning (Post Undergrad Years) (23M/21F) + +Our story begins pretty much the same time as our relationship. I met who would eventually be my wife during our last year in undergrad where we were both majoring in Molecular Biology. I had switched majors from Aerospace Engineering but that's a story for another time. + +My wife graduated and began studying for the MCAT a semester before I finished. She spent some time shadowing doctors and didn't find the ones she shadowed to be that happy, lessening the appeal of going through med school. She also feared the debt necessary to fund that education and so decided she'd be more interested in a medical profession that provided more opportunity to change specialties so she decided not to take the exam. Long story short we both entered the labor market in Fall of 2010. + +My first job after college was as a research embryologist for a small research lab I found on Craigslist of all places. I had about $23k of debt from undergrad and started at $15/hr but opted to stay on my parent's medical insurance which added the equivalent of $1/hr extra. We had access to a 401k with no matching to which I did **not** contribute. I was able to work up to 1.5 hours of overtime per week and did so as often as I could. **My net worth was -$23k**. + +My wife started as a research assistant with a State University lab making $31k which included what I know now is a very rare automatic contribution to a pension to be paid starting at age 65 with a benefit based on years of service. Fortunately she had taken enough college level coursework in high school to only need 3 years to obtain her bachelor's degree and was able to work enough in college to avoid taking student loans. I wasn't privy to her finances at the time but now know **she had a net worth of about $8k** from savings throughout her life. + +We moved in together shortly after starting these jobs but didn't combine finances and split all our bills 50/50. I used my remainder after monthly expenses to attempt to slowly pay down my student loan debt. Foolishly I would calculate down to the last $50 of my checking account and kept no emergency fund, a decision which my wife would argue with me about until I finally decided to keep $500 as my maximum depletion amount. + +We both performed well at our jobs and after 2 years I had increased my pay to $17/hr and was still getting $1/hr extra by opting out of health insurance and staying on my parent's plan. I had managed to get my student loan balance down to about $10k but was still not contributing to retirement or saving much of anything. + +My wife was feeling the itch to pursue a career in medicine and had decided that she would apply for Physician Assistant school due to its greater specialty flexibility over medical school. However, a prerequisite was direct patient hours which she was not getting in her job as a research assistant. She was able to find another opportunity with the University as a Clinical Research Coordinator which gave not only patient contact but came with a pay increase to $41k and continued contributions to the pension plan. + +We got engaged shortly before my wife was accepted into PA school in another state and I decided I would leave my job in order to move across the country with her. We decided it might be a good time for me to pursue additional education as well. I had been taking some courses online in my evenings on statistics and programming and happened across the field of bioinformatics. Having always been passionate about computers as a hobby I saw bioinformatics as a way to combine biology and computer science and hopefully advance my career outlook. Fortunately I found a master's degree program that was available 100% remotely and I was accepted to begin the same semester as my wife started PA school. + +When we left our jobs our **combined net worth was about $0** with my $10k in outstanding undergrad loans and my wife's now $10k of savings. + +## Back to School and Loading Up on Debt (26M/24F) + +My masters program took 24 months to complete and my wife's took 27. My wife's program required students not take outside employment to not interfere with rotations and coursework and I felt overwhelmed enough by attempting to transition into more computer science heavy coursework coming from a biology background that neither of us ended up working during grad school. + +I am a Type I Diabetic (insulin dependent) and we started grad school shortly after the ACA was passed, meaning I could no longer be denied coverage for my preexisting condition. I purchased an insurance plan from the market that covered the diabetes care I would need but had to pay for the premium and co-insurance from our student loans. + +By the time we were finished we had accumulated $250k in student loans, interest included. I had one paid internship in the middle of my program where I earned $6k but otherwise we lived our entire lives on loans. Most went to tuition, medicine, and rent but we did allow ourselves occasional eating out, alcohol, and entertainment. We also got married, and managed to keep the cost under $5k! + +## Finishing Grad School, Starting Careers, a Family, and Medical Problems (28M/26F) + +Fortunately my internship finished with a job offer to return after graduation that I accepted in yet another different state. I started while my wife was finishing up PA school which caused us to live in different states for 3 months. I started at $72k with a generous benefits package including a 9% 401K match, an HSA with a $2,000 automatic employer contribution, and health and dental insurance. + +My wife followed a few months later and was able to find a job after about a month as a PA in a rheumatology practice. It was a contract-to-hire position where she would either be hired or released after six months. Her six month contract was for $40/hr with no retirement benefits but included medical which she declined as we were both on my work's plan. + +We started our new careers with a **combined net worth of about -$240k**. + +Happily, we both found success in our new careers and enjoyed rapid advancement and raises and as a unit averaged an 8% increase in pay per year over the next five years. My wife was hired from her contract and got a bump to $100k and began to receive a 4% retirement match if she contributed 6% of her base salary. + +We both began to take more of an interest in personal finance, but still hadn't discovered the concept of financial independence. We were very motivated to pay off our mountain of debt so began to track our expenses diligently (first with Mint, now with YNAB). We contributed enough to get our retirement match and everything else left at the end of each month went towards loans. + +Our jobs are located in a HCOL area so we chose to live in an older apartment complex our first two years and then transitioned to a town house 3 years ago where we still live. We have been paying $2,000/mo for a 3/2.5 1600sqft unit (not rennovated) which is very close to work so we don't need to have much of a commute. We could definitely find lower rent farther from work but it would add 45+ minutes each way. + +As we began to see serious progress on our student loans our interest in personal finance grew and we discovered the idea of financial independence. That concept still had to sit on the back burner for a while since we decided paying off our loans would be a priority until the remaining loans were at an interest rate < 4.5% which unfortunately was only about $30k of our total balance. + +After 6 months of working our net worth climbed to -$200k. Then -$150k after 12 months. We managed a pace of increasing our net worth through paying off student loans to the tune of $100k/yr for almost exactly 5 years. + +We hit **net worth $0 in August of 2018** just as our first child was born. 3 weeks before he was born I had to have a kidney removed due to a genetic condition which caused it to fill with fluid and swell like a water balloon which destroys its ability to filter. Fortunately we were already used to having maximum medical expenses due to my diabetes so the pregnancy and the kidney removal weren't really much of a factor financially due to hitting our out of pocket max. + +## Present Day (33M/31F) + +We finally **paid off our student loans and hit $150k net worth in January of this year (2020)**. We gave birth to our second child in March of this year just in time to get home before the pandemic started to really spread. We are both incredibly fortunate in that we have been able to continue working at the same jobs and at the same pay as before the pandemic and that allowed us to reach **$250k net worth** this month. My Dad retired a few years ago and my Mom was forced into retirement by the pandemic so we are also incredibly fortunate that they are willing to watch the kids while we work. We pretty much just flipped the switch of paying off student loans to contributing for retirement so have really been enjoying actually getting to keep most of our money this year instead of shoveling it into loans. + +We certainly experienced a lot of luck in our journey but also a lot of hard work and made a pretty radical change in our lives that benefited us immensely. This is now the longest thing I've ever written on Reddit so I should stop rambling here. Thanks for reading! +I'm not sure I believe IDC's estimates and its just one quarter, but even if they are off 10 or 20% Intel is losing market share at a rapid pace. + +[https://www.cnbc.com/2022/10/10/pc-shipments-fall-for-hp-lenovo-and-dell-apple-shipments-rise-in-q3.html](https://www.cnbc.com/2022/10/10/pc-shipments-fall-for-hp-lenovo-and-dell-apple-shipments-rise-in-q3.html) +I would like to have a deeper and intuitive understanding of the markets/economy/business but I'm not really sure where to start. + +It seems that are endless pieces to it all and it's very overwhelming. + +I'm not sure if understanding everything is necessary or not. + +I'd like to be able to listen to/read financial & economic news and understand it but more importantly understand what it could mean, how one piece of news may affect another area of the economy or market. + +I'd like to be able to have fluent conversations about finance and the economy. + +I'd like to be able to use this understanding to start formulating investment ideas and making investment decisions. + +Would really appreciate some guidance on some topics to start with and overall the topics I should have a deep understanding of to truly comprehend the markets/economy. +Hello investors, + +Yesterday was marked by an intense selloff in the Chinese education stocks. See below. + +📷 + +The driver of the steep movements is that the Chinese government is banning for-profit education institutions from raising capital in the US, to "tackle the birthrate issue and offer lower prices for education". + +[https://www.cnbc.com/2021/07/23/us-listed-china-education-stocks-plunge-as-beijing-regulators-crack-down.html](https://www.cnbc.com/2021/07/23/us-listed-china-education-stocks-plunge-as-beijing-regulators-crack-down.html) + +Now, this is completely my opinion and what my plans are so please stick with me for a minute. + +If you've noticed, the tensions between China and the US have been exacerbating since the start of COVID. + +Early this year, the Biden administration has been increasing the budget to fund investigations into the origins of COVID and there has been discussion regarding delisting Chinese ADRs (American Depository Receipts, another name for Chinese foreign stocks) from the US exchanges if they don't submit their audits of their financials in the past 3 years and several other criteria. + +The Chinese government has announced a major crackdown on the e-commerce giants in China, namely BABA and JD, while stopping Ant's IPO. + +US Deputy Secretary of State Wendy Sherman will be traveling to China on this weekend to meet with the Chinese officials including Foreign Minister Wang Yi. + +I have been basically ignoring all of these developments because when it comes to regulatory risks, there are no right answers. And more often than not, they don't have material impact on the companies' businesses in the long run. + +**To put it into numbers, I was assigning 5-10% probability that the tensions between US and China will reach the point where the businesses will be permanently damaged, affecting their bottom lines and future prospects, which was a risk I was willing to take and definitely a risk when you are investing in foreign companies, simply due to different rules and regulations.** + +Looking back, I may have assigned too low of a risk, especially when the market has been trying to tell us something since February. + +Look at the below charts. + +📷📷📷📷 + +If you look at these charts, you'll notice that the selloff on Friday was not out of thin air. The Chinese names have been getting punished since early 2021 for a few months now. + +Generally speaking, when the stock prices move due to concerns about regulations, they usually recover within a few weeks. + +The continued downtrends in the Chinese names can possibly indicate the Chinese government may impose real long-term risks to the companies, because it's always good to assume that Mr. Market is right and work backwards to disapprove her (a quote by Peter Lynch, not verbatim). + +I have positions in PDD and FUTU. And my personal take is that from a previously assumed regulatory risks of 5-10% chance that these regulations can impose material threats to the companies' bottom lines, I have raised the risks to 20-25%, very roughly speaking. + +This means that I'm still willing to play the bet. + +I know the two companies I mentioned are great businesses with lots of potential. PDD specifically has such a growth potential and has proven to show that its business model generates so much cash flow. + +**Despite the increase in regulatory risks, they are still great opportunities from my perspective, especially that we now have cheaper entry points and will likely more than offset the higher risks.** + +I have a few scenarios in mind on how this will play out, with corresponding probabilities, again my opinion. + +1. Base case (60%): the Chinese officials make no more major moves regarding ADRs and stays quiet for the foreseeable future. ADRs slowly recover over the course of next couple of years due to continued tensions between the US and China. PDD and FUTU's profitabilities continue to increase and the markets eventually price appropriately to their true earnings powers. +2. Bull case (20%): the Chinese officials come to truce with the US government in the near term regarding several issues and eliminate the risk of ADRs from being delisted. Regulation risks are lowered and pressures on the ADRs are alleviated, bringing them back to par with their American counterparts in terms of trading multiples. +3. Bear case (20%): the Chinese officials go full blowout against the US and US-listed Chinese companies and ban foreign capital raising for all domestic companies, which means that ADRs will get delisted and companies like PDD won't be able to raise capital overseas, hurting their ability to raise financing and fund future business plans. + +Chinese domestic companies above certain market cap ($100B) will be heavily scrutinized by the government and will be subject to strict measures such as more than 50% ownership by the state or destroying incentives for the management team. + +It's not worth trying to predict what's going to happen but it is certainly worth it to think of various scenarios and assign your own probability for each event and make investment decisions based off on that. + +Based on the above, my chances of winning on this bet is 80% over the next couple of years, which I'm more than willing to take. + +It's not worth overcomplicating this whole situation and only look at what makes sense. PDD is such an important part of Chinese economy now and will the government really do something that will limit its growth? No one can predict their move because they have shown their williness to go beyond expectations but if I had to bet, the answer is probably no. + +At the same time, the downside risk is extreme. I mean look at EDU and TAL's 70% declines. + +So my plan is to increase my exposure to the names I've mentioned a bit while limiting the overall exposure to less than 7%. + +The key is to have a diversified portfolio so that you are able to take on few losers here and few winners there. + +Please check out this [video](https://www.youtube.com/watch?v=yn8Ii1pB2mw) for a more detailed explanation. + +And please refer to the original [post](https://www.reddit.com/r/Midasinvestors/comments/or2cs2/chinese_education_stocks_selloff_what_to_do_buy/) for the graphs as the forum doesn't allow pics. + +Thanks for reading and I hope this was helpful! Please feel free to share your strategies. +What do you think about $ATVI ? Price plunged due to some issue with their CEO (out of intrinsic value of the company). Seems really interesting now and will come back previous level once everything is solved. However, I don't like the fact that Activision depends mostly on one single game to make their business : Call of Duty. Any thoughts ? +I was wondering these questions now that many companies will face seeing their income cut and will be forced to get loans... + +Is 10% - 15% Profitability good enough or just average? + +And what about the Debt/Cash ratio? should it never surpass the 0.99 level? + +Thanks for the help +I have been learning about value investing for a few years now and one of the first things I learned was to only invest in companies with more current assets than current liabilities. This has always made sense to me so I have made it a rule to only invest in companies with a current ratio above 1. However lately I have noticed some very smart investors buying companies with a current ratio below 1. I have also noticed many otherwise strong companies consistently have current ratios below 1. Can someone explain to me why this is not a major issue and companies don’t need to have a current ratio above 1 to be healthy. Any response would be greatly appreciated. +I took a position in IBM recently on the back of insider buying. I had originally held a position as part of a quant strategy I use. I feel the market is treating Intel like the next IBM but I have reason to believe that's not the case for a number of factors. What are peoples thoughts on $INTC +I discovered ARC about half a year ago using a screener. P/E of 16 with positive and steady cash flows trading under 5 dollars per share. + +I did a DCF and came with a fair value of about 13 dollars per share (currently trading at 2.99 per share). When I compared that to Simply Wall Street I had under valued it by about twenty cents so I felt that this valuation was correct. + +The business makes most of its money off of architecture and construction document and information management. Architecture firms and construction companies use ARC to manage their documents like blueprints and such. They have developed their own software for their clients to use so they can access any of their blueprints from any device they have access to. + +Recently they became HIPPA compliant, so they now possess the capacity to manage documents for the medical field. + +In addition to being able to do this for the medical field I believe there are many industries that could benefit from this kind of service. I know most things are digital nowadays but there is still a need to archive and manage physical documents and I think that ARC is poised to be the leader in this field. They have already been doing this for the construction field, they have fulfillment centers all across the United States, and now with them being able to do so in many other industries seems to make them a prime candidate to dominate this market. + +Based on fundamentals alone it’s undervalued, and I haven’t gone into the other aspect of their business, managed print service, but I feel that this could have long term value. I’m also not saying that it’s gonna “pop” soon -the volume is to low to merit this kind of prediction -but based off of cash flows, the potential of its transition into cloud based information management, it’s debt management and the CEO buying $200,000 in shares since September I do see value in the short term as well. + +I wanted to see if some of you could check my work, and I wanted to see if there is anyone else sees the future potential or risk. Thanks! +I've searched this subreddit and am surprised to see there hasn't been a lot of discussion about moving to places with favorable tax structures (legally). + +Obviously as an American it's difficult, as you are expected to pay taxes even if you live abroad, but for other nationalities, changing your tax residency seems to have a large effect on how much you can spend an/or how much your net worth will grow after retirement. + +I'm in a flexible position where I am closing in on Fatfire (10.5M USD NW) and also have no hard commitments to where I am living (no house, or family nearby). I don't plan to have kids. The area I am currently living in has very high taxes (53% top bracket on income/interest/dividends which kicks in at 200k, capital gains taxed half). + +As moving forward my only income will be from an investment portfolio, it seems wise to move to somewhere with favorable tax structures. I'm very early on the research, but Panama, Cayman Islands, Singapore, Switzerland, Qatar, Belize, all seem like possible options that have very low (0 in most cases) capital gains tax. Obviously these examples are very different from each other, but all could serve as places to reduce taxes. + +I'm curious on if anyone has taken the route to become a tax-resident of a place with advantageous tax structures and how it has been. How much time do you spend in your new location and what have the main adjustments been? +In your will, how do you manage setting up a fund and ownership transfer for pets? I don’t mean nonsense like leaving millions dollars and the mansion to Fido - but making sure that vet and other bills can be taken care of by the new owner, and the actual transfer to a new owner. +44m. Wife and 2 kids. 11m liquid. I own my own business and still enjoy my work, but am considering FatFire in the next 5 years or so. + +We live in northeast and recently purchased an acre of vacant property in Florida on Gulf of Mexico. Beautiful spot. We’re going to build a house on it. It will be a vacation property for my family. (We travel to the area several times a year anyway, so it will be nice to have our own place.) In the future we may “flip” and live in Florida, and make our home in the northeast our vacation property. + +**My challenge:** + +I am not yet retired. I have young kids in school. I still work everyday. While we travel to Florida a lot, I cannot be on-site every day (or every week) to oversee the building of our new house. + +We have built houses before, and I own a few residential and commercial investment properties, so the idea of a construction project doesn’t scare me. But I am used to being on site regularly, communicating with construction workers and project managers. + +I have a few good builders in mind, but I don’t just want to say, “Build this house. I trust you. I’ll stop by every month or so and check in.” + +I need someone to walk around the site a few times a week... send me regular pictures and updates... advocate for me if something doesn’t look right... let me know when construction stops or things go wrong.... buy pizza for the crews once a week. + +I am envisioning some gray-haired retired guy who has some construction experience. He’d stop by three times a week and inspect the work. Send me updates. I’d fly down about once a moth or so and walk the jobsite with him. Pay: Perhaps 40,000 for 3 days a week for about a year. + +So where do I start? + +- **References from friends and family in the area?** I do have friends and family in the area, but they are 30+ minutes away, and they are not at all fatfire. They may not be able to relate to the expensive house I am building. And frankly I don’t trust their judgement when it comes to construction. And I don’t want to brag about what I am splurging on. + +- **Facebook Classifieds?** I don’t want my 500+ friends to see/know the details of my project at this time. + +- **Indeed?** I doubt old gray haired retired guys check job sites like Indeed. + +- **Ask the neighbors?** I don’t even know the neighbors yet. + +How do I find a guy to oversee the project? Or is there a better way to do it? + +Thanks in advance for your thoughts. +First things first, for the greater part of my life I lived in a middle class neighbourhood and have never had more than one thousand dollars in my bank account. My grandfather passed away a few months ago and to my surprise I was left with roughly 2.5 million dollars. The greater part of the money is in stocks being managed by a broker in Chicago, but I have no idea if this is a good thing. + +I met with him once shortly after my grandfather passed away and he seemed like he knew what he was doing; but should I be managing the money myself? - even if everything is fine with the money being managed by the man in Chicago, I would like to be informed about the terms and how my money is being used. + +Also, on a side note, even though I have all this money, I am always finding myself afraid to spend it. I know I shouldn't go around buying houses, cars, and boats; but I am unwilling to treat myself to a video game every once in a while and am always stingy when it comes to buying food. Should I feel more inclined to treat myself every once in a while or should I keep my stingy habits in tact? + +These all seem like meaningless questions but I am startled seeing all this money and I am in constant fear of seeing it disappear. I will be grateful for any and all advice, thank you in advance. +Today, during the last few minutes of trading, we saw a massive sell off. The SPY lost all of its daily gains. Vaporized by the gayness of the bears. + +So what is in store for Monday? That is the foremost question. + +Will JPow return with more ink for his money printer or will more coronavirus and economic related news come out that will influences the stock market to drill down deeper? + +All we know for sure is that what happens on Money will be pivotal. + +Edit: Or will it be pivotal at all? Fuck if I know. + +TLDR: SPY 185p 4/20 +Happy weekend all, I hope all are taking a break from the madness to enjoy yourselves after this crazy week. Yesterday was filled with major non-stock related news, so I was wondering if there was possibly some news/ info that was missed. + + ------------TL/DR++++++ + +3 new clearing rules relating to risk (NSCC-2021-008, FICC-2021-006, DTC-2021-013), are effective Monday. The rules have 85% of their information redacted, so I'm calling on wrinkles to have a look at what's left, if they so wish, to share their thoughts. + +_______________________________________________ + +After close yesterday, I saw a link to an interesting video posted by Charlie Vids on YouTube. It is referencing 3 new rules (NSCC-2021-008, FICC-2021-006, DTC-2021-013) that go into effect Monday July 19. + +https://youtu.be/Oa-mbL2g5C8 + +What I find most interesting about the information is that portions of the rule have been redacted. Is this normal for rules that have been approved? It seems odd to me to have portions hidden, however I will admit I have little experience checking these. The video below is about NSCC-2021-008 specifically, but all 3 filings are similar, and have 85% of the ruling redacted. + +https://youtu.be/pCiaO1wQxzM + +There was a post last weekend sharing the filings, but it didn't get much traction. u/BarTPL0 put out a request for an adult, and I'm here to do the same as I'm interested in what effect these could have. The OP containing the filings is listed below. + +https://www.reddit.com/r/Superstonk/comments/ofrhjn/dtc2021013_ficc2021006_nscc2021008/?utm_medium=android_app&utm_source=share + +For quick access + +https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-008.pdf + +https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-006.pdf + +https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-013.pdf + +A few of the comments mentioned that these rules won't have much effect overall. As we don't know what information has been redacted, we can largely only speculate on the effects it may have one way or another. + +Below is the top comment made by u/JustWingIt070 + +"They are changing the risk modelling from static to dynamic. They're reducing paperwork and making some edits. The risk models will be more sensitive to intraday events." + +I found a description of the framework being updated in the NSCC filing. + +"The Framework sets forth the model risk management practices that the Clearing Agencies follow to identify, measure, monitor, and manage the risks associated with the design, development, implementation, use, and validation of quantitative models." + +Also this + +"The Framework is maintained by the Clearing Agencies to support their compliance with the requirements of the Covered Clearing Agency Standards relating to model risk management. The Covered Clearing Agency Standards require that the Clearing Agencies take a variety of steps to manage the models that they employ in identifying, measuring, monitoring, and managing their respective credit exposures and liquidity risks, including that the Clearing Agencies conduct daily backtesting of model performance, periodic sensitivity analyses of models, and annual validation of models. + + The Framework outlines the applicable regulatory requirements described above, describes the risks that the Clearing Agencies’ model risk management program are designed to mitigate, and sets forth specific model risk management practices and requirements adopted by the Clearing Agencies in order to ensure compliance with the Covered Clearing Agency Standards. These practices and requirements include, among other things, the maintenance of a model inventory, a process for rating model materiality and complexity, processes for performing model validations and resolving findings identified during model validation, and processes for model performance monitoring, including backtesting and sensitivity analyses. The Framework also describes applicable internal ownership and governance requirements." + +While reading, I was reminded of this quote from the DTCC that (likely) references my favorite Stonk, GME. + +“The largest deficiency incurred during the quarter was mainly driven by a single security exhibiting idiosyncratic risk.” in regards to their massive margin breach Q1 (3x the previous record) + +------------------Speculation/Opinion+++++++++++++ + +Since rules regarding risk are getting an update starting Monday, and GME has been the driver of significant risk over the first quarter, I think it's reasonable to say these rules relate somehow to the GME situation. + +If deep OTM puts were hiding synthetic short positions, and -005 (or the new risk rules) stop the can kicking, shorts could be forced to close risky short positions which could kickstart the MOASS AND MOAC. + +SR-NYSE-2021-40, which is also effective Monday, makes previous changes permanent in regards to market wide circuit breakers, that may be needed in times of major volatility. + +I look forward to reading any thoughts regarding these new rules, hope some wrinkles can help clear some questions up! + +Edit: Here is a link to the SR-NYSE-2021-40 post as well. Also fixed a typo. + +https://www.reddit.com/r/Superstonk/comments/olm9en/srnyse202140_new_york_stock_exchange_rulemaking/ + +Edit 2: exhibit 3,4, and 5 had been redacted, the omission is "pursuant to17 CFR 240.24b-2". + +"17 CFR § 240.24b-2 - Nondisclosure of information filed with the Commission and with any exchange. | CFR | US Law | LII / Legal Information Institute" https://www.law.cornell.edu/cfr/text/17/240.24b-2 +I am 26 years old and just began investing in dividend stocks a few months ago. However, I started investing in an individual brokerage account on Charles Schwab. I started reading about taxes and the fees associated with it and decided to open a Roth IRA through Schwab. At least I found out about this before investing more money into it. Is there any way I could transfer the funds and holdings over from my Individual brokerage to my Roth IRA that I just opened or do I have to start from scratch? Thanks. + [https://www.change.org/p/karyn-temple-remove-craig-wright-s-name-from-bitcoin-whitepaper-copyright](https://www.change.org/p/karyn-temple-remove-craig-wright-s-name-from-bitcoin-whitepaper-copyright) + +&#x200B; + + + +On 31st October 2008, the bitcoin whitepaper was released by the creator of bitcoin under the pseudonym Satoshi Nakamoto. The real identity of Satoshi Nakamoto has been a mystery for a decade, many suspects have come up, but no one is sure. Amidst all this confusion, Craig Wright, a known fraud has forged many documents, including submitting a fake email in a billion dollar lawsuit, has claimed the throne of Satoshi Nakamoto, and when confronted with proof of the claim, has always only given forged documents. A few days ago he crossed the line by filing a copyright for the bitcoin whitepaper, considered sacred for many, this has caused many gullible people to invest in the so called "real bitcoin", Bitcoin SV, by making Craig Wright, the creator of Bitcoin SV look like Satoshi. This is an extremely unethical act conducted by Craig and the real Satoshi cant even dispute the claim as he has been and probably wants to continue stay anonymous. I want Craig Wright's name removed from the copyright of the bitcoin whitepaper +They know today was supposed to be of significance to retail investors. They know retail is waiting for proxy statements. They know retail is hoping for a dividend. They know retail is hoping for a share recall. They need retail to fold before any major catalyst happens. + +DO NOT FALL FOR IT. + +TAKE THOSE DIAMOND NUTS AND LAY THEM OUT IN THEIR FULL GLORY FOR EVERYONE TO SEE. + +Edit: admittedly so, Rensole did unintentionally give them some ammo to try to divide us. In no way is he a shill. He's been here since the beginning and he is trying to temper expectations. 10 million is life changing money and it gets people emotional. In the end, who cares if he doesn't think it will go that high? If you believe it will then you fuckin HODL. It is YOUR investment and YOUR investment alone after all. + +See you all wherever this fucking black hole leads to. + +🦍🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Everyone’s hyped about the metaverse. There are skeptics too. But what I haven’t heard much of lately around here is speculation around what other things metaverses could do than being, essentially, FarmVille with real money, or a VR version of Second Life or Habbo Hotel where people obsessed with sentimental value keep up with the joneses by buying NFT clothes and stuff to wear around Fake New York because… they’re too poor or too shy to wear real fashion around real New York? + +Okay okay fine. There are many people like that and they really are that vain and we would all be happy to take their money by selling them glorified Fortnite skins for the equivalent of a US median annual salary in crypto. But that doesn’t sound like a product that’ll reach a market of millions or billions of people. It certainly has zero appeal to the average middle class, two career family that makes up the bulk of the millennial generation. It is objectively speaking a very niche luxury market for rich people who already spend a lot of time and money living in a digital world, playing MMOs or creating content on social media platforms. + +What are some lesser known use cases for metaverse technology that might be a little more practical and attractive for the majority of people? People who don’t like spending their hard earned money on online appearances? +There are a lot of headlines about increasing defaults on car loans. This problem is way overstated and isn't going to cause a financial meltdown like the subprime crisis of the great recession. + +[https://awealthofcommonsense.com/2019/02/auto-loans-are-not-the-next-subprime/](https://awealthofcommonsense.com/2019/02/auto-loans-are-not-the-next-subprime/) +Hi, Reddit! Posting here because I think you guys would understand. I grew up poor but luckily got a ticket out in the form of a scholarship. I got into a rather heated discussion today about, of all things, white rice and meat. He was adamant that I needed to stop eating them to lose weight, and I was adamant that rice was a non-negotiable part of my life. He also claimed that it was unethical to keep eating meat, with the meat industry’s reputation. I got really mad, and I couldn’t figure out why it was upsetting me so much. + +When I thought about why I cared about rice so much, I realized that it was because I grew up surrounded by people who would treasure every grain of rice, or piece of meat they could get their hands on. The fattier the better. My family couldn’t even afford white rice (we ate brown because it was ironically cheaper before the health craze) until about a decade ago. I realized that the reason I was so attached to the particular grain was because it was a signifier of class and wealth. However, when I got to that point, the truly wealthy had already moved on. Rather than rice and rich meat, the truly wealthy now drink oat milk and eat $16 salads. No matter how much I try, I can’t pay to eat salads. It’s insane. + +I realized then that being poor sticks with you in all the little choices you make. All of my friends are well off (their parents paid for a private college), and they would laugh at the way I would count the price difference between two brands of eggs, or how I aggressively went after the most financially secure job I could find. They could afford to pursue their passion, but I have 4 grandparents, 6 uncles and aunts, 2 parents and a brother to support. They would opt for an Uber over public transportation to save time, while I would walk 2 miles for groceries. + +Despite ‘making it’, my everyday decisions and habits betray my social class, and it’s so hard to unlearn. I feel like I could never let go of white rice, and I wonder what other little habits you have that betrays your background. +First of all, fuck Jerome Powell. The dude is a criminal and should be in prison. + +The only way to combat inflation is by adjusting the monetary policy. Nothing else is going to work. He can raise interest rates by 2.5% but it's not going to do anything until he starts raising rates AGGRESSIVELY and fast. The worst part about this is that he's so far behind the curve that anything he does now will take at least a year to see any effect. + +So how did it get this way? I think it got this way by allowing the market to become this overvalued. It's my opinion that we may never see company valuations this high ever again. They printed TRILLIONS of dollars to prop up the stock market and boosts earnings. We had record number IPOs in 2021 in which CEOs walked away with billions of retail's money. + +Inflation started after they refused to let the stock market crash in 2020 from COVID. It should've crashed then and you can clearly look at S&P500 and determine where they began printing trillions of dollars. So what happened during this time? The risks of the markets were basically at all time lows. Shorts were taking on massive massive risks and then GME happened. + +Everyone in GME got a glimpse of what will happen when Jerome Powell starts to combat inflation from 2021's EVERYTHING SNEEZE. It wasn't a GME sneeze. There were hundreds of stocks that ballooned during the same time because of the systemic risk. These motherfuckers printed trillions of dollars and the goddamn idiots on wallstreet shorted the fuck out of the market. **They cannot combat inflation without crashing the US stock market**. If the US stock market crashes, hedgies are beyond fucked. They can't do anything. People are asking how the FED is allowing inflation to get this bad and it's because if they do anything about it, the US financial system implodes on itself. + +Jerome had every reason to start taking inflation more serious when he was guaranteed his seat back in December 2021 but he didn't. It tells me he can't. It tells me the US government cannot do anything about this inflation without us winning. Now they're trying to push the blame onto the Russia and Ukraine conflict. I mean sure, that conflict would and does have an impact on prices but it's not the reason inflation is 8%(fake number). + +They're really stuck. People are going to start getting hurt very soon and once this Russia/Ukraine conflict is over, what're they going to point to? They can't come out and say, "Oh, we can't combat inflation because a buncha goons on wallstreet put the whole world's economy at risk by being greedy motherfuckers" while pointing the finger at retailers holding GME. I see no way for them to blame meme stock holders. + +I know a lot of yall only focus on GME stuff but the US is in very bad shape. Inflation won't go down without the market crashing and the US economy entering a recession. I'm confident all of the higher ups in the US know the meme stock risk. If they're talking about it in congressional meetings then they're most certainly talking about it behind closed doors. + +Edit: yes I meant 0.25% +Interesting article I came across in the Wall Street Journal this morning regarding the 4% rule; which is commonly prescribed in this sub as guidance for income in retirement. Many financial advisers are revisiting the age-old advice in the face of financial markets with inflated asset values, which may mean lower returns in the coming years. + +[Here's the article (paywall warning).](https://www.wsj.com/articles/forget-the-4-rule-rethinking-common-retirement-beliefs-1518172201) + +Instead, the article posits a couple of solutions. First is a 3% safe withdrawal rate. This is obviously much safer than the 4% threshold most of us are currently expecting. While safer, this would also mean that you'd need to save 33% more for retirement to achieve the same standard of living that you would need under a 4% withdrawal rate regime. + +The second is a "guardrail approach" which provides more discretion in when/how much you withdraw from your retirement balances. From the article: + +> Say you retire with $1 million in a portfolio with 60% in U.S. and foreign stocks and 40% in bonds and withdraw 5%, or $50,000, in year one. At year-end, you must recalculate your withdrawal amount as a percentage of your new balance. Assuming your portfolio declines 20% to $800,000, your $50,000 withdrawal—plus an annual adjustment for inflation—now represents more than 6% of your new $800,000 balance. + +> Any time your withdrawal rate rises above 6%, the rule imposes a 10% pay cut for the next year, says Jonathan Guyton, a financial adviser and co-creator of this strategy. As a result, after adjusting the $50,000 initial withdrawal—to $51,000, assuming 2% inflation—the method imposes a 10% pay cut, of $5,100, to produce a $45,900 withdrawal in year two. +Hello all, Europoor Ape here, I’m a lurker and follow GME since February. + +This post will be my first contact with you all, and probably the last because I’m kind of shy ahah. But I wanted to try at least once to share my thoughts ! Sorry in advance for my English. + +**TL;DR :** Here I talk of a lot of tweets from DFV and Ryan cohen who led us to 05/13/21. Suggesting that this date could be important. This day NSCC will perform a liquidity test and will demand liquidity from DTCC members based on the risks. This test is done monthly, but this time hedgies are at their weakest, increasing chances of Margin Call, possibly leading to the MOASS. + +**Edit :** New tweet of Ryan Cohen added, published May 13th (in my time) + +**TL;DR of this tweet :** We need to rest united, we will all go to valhala and to the moon. Right now we are fighting "evil organisations" who are destroying the market. The crash is coming soon, shorts will need to cover, and we will use our tendies to make a better world and repair the dammage. The Government/SEC/DTCC/FINRA take too much time, so GME will use their own plan. + +&#x200B; + +First, know that what you are about to read is **just speculation**. I am very **hesitant to talk about it** because it revolves around a date ... May 13th. I've decided to share with you how Ryan Cohen and DFV tried to let us know about this date. + +Like many apes, this date caught my attention following a post from an ape, showing a tweet from DFV posted on April 15 from a clip of Smash Bros ending on the 5:13:21 clock, or 5/13/21. + +Link : [https://twitter.com/TheRoaringKitty/status/1382776799273291779](https://twitter.com/TheRoaringKitty/status/1382776799273291779) + +https://reddit.com/link/nb14zk/video/527xwbekcry61/player + +Seeing this tweet, I remembered another tweet from DFV who caught my attention on March 19 + +Link : [https://twitter.com/TheRoaringKitty/status/1372941144569569281](https://twitter.com/TheRoaringKitty/status/1372941144569569281) + +&#x200B; + +https://reddit.com/link/nb14zk/video/o6dkovr3dry61/player + +As you can see, this tweet clearly says : 2019 is the calm before the storm, Mars 2020 is when shit goes down and 2021 will be a good year, showing a calendar on May. Now look better. The calendar is fully open on May at the 13th second. And yes, once again we have the date 05/13/21. There are probably other tweets referring to this date. + +So, I looked at what that famous day was, and found out that it was Ascension Day… Ascension, you know where I'm going right ? But that is not enough it may be a coincidence. Oh ? But do you also know what day it is? + +[The National Frog Jumping Day](https://nationaltoday.com/national-frog-jumping-day/)**.** Why is this important ? First, take a look at the story from this day : + +“The history behind National Frog Jumping Day has turned into a tradition that came to life from the idea of a short story. Mark Twain, one of the most famous and celebrated authors in literature, published his first short story named “The Celebrated Jumping Frog of Calaveras County” in 1865. This story also goes by “Jim Smiley and His Jumping Frog” and “The Notorious Jumping Frog of Calaveras County.” The premise of the story is about a man named Jim Smiley, a compulsive better. He trains a pet frog he names Dan’l Webster and bets his frog can jump higher than all the other frogs in town. The man who he bets with ends up tricking Smiley and wins the bet.” + +It’s a “Short Story”, a man who is a “compulsive better” (you know, like some people…like wallstreetbets), he bet his frog can jump higher than all the other frogs (The MOASS). But the man who he bets with ends up tricking him and wins the bet…like in January. So I believe this is a reference to our January story ! + +Now, some of you have probably already remembered a tweet from Ryan Cohen. + +Link : [https://twitter.com/ryancohen/status/1364650709669601289](https://twitter.com/ryancohen/status/1364650709669601289) + +&#x200B; + +https://preview.redd.it/4hd6mesudry61.png?width=585&format=png&auto=webp&s=8dc600de1e1e3761e4b2e6eb5e8a71e2fa8f293b + +He tweeted a **frog**. I think he meant to talk about that day. May 13. But he also tweeted that ice cream… we'll get to that later. So that's a lot of coincidences ! Wait ... it's not over ! + +May 13th is also "[**World Cocktail Day**](https://nationaltoday.com/national-fruit-cocktail-day/)" and check out what Ryan Cohen also tweeted : + +Link : [https://twitter.com/ryancohen/status/1384616641087086596](https://twitter.com/ryancohen/status/1384616641087086596) + +&#x200B; + +https://reddit.com/link/nb14zk/video/4durwm89ery61/player + +A bear shaking a **cocktail** ! Another coincidence that leads to this date… The End… or not ! Ryan Cohen also tweeted [this](https://twitter.com/ryancohen/status/1385989779129503746) : + +&#x200B; + +https://preview.redd.it/sc54rmhlery61.png?width=584&format=png&auto=webp&s=76b527f58b7382ff6df5a0f6addd68e1b596fc98 + +A lot of people thought it was to tell us to vote, and I agree, but I think there are several messages ... such as "Nation" for "**National Day**," such as May 13th. It's really a lot of coincidences ! In addition, May 13 is also the "[**Fair Trade Day**](https://nationaltoday.com/fair-trade-day/)" (Not the World Fair Trade Day who is 05/08) + +“The movement is an actionable step toward reducing poverty, mistreatment of workers, climate issues, and economic constraints around the world” + +That’s also « Eid al-Fitr » the "**Festival of Breaking the Fast**" (And I don’t know for you, but I’m hungry). This day, Muslims have the custom to do a donation so that less fortunate can also celebrate this day. + +Now, let's come back to this famous **Mc Donald's ice cream**. When I thought about it, I was reminded of a famous story : All of McDonald's ice cream machines break frequently. They are all the same machines, imposed by McDonald’s. And when they don't work, calling the manufacturer is necessary, and it's very expensive. It is very likely this is due to an agreement between McDonald's and this manufacturer. So if that's the message Ryan Cohen meant, I think the meaning is, "The National Frog Jumping Day, the machine will break." And maybe I'll go a bit far, but it might also mean that “The machine will break, and we know because we have an agreement” or “because of an agreement”. + +But what can possibly be going on that day? Why is this so important? I think it's because tomorrow there's a liquidity test scheduled. This is now well known, but I had a hard time finding detailed and reliable information. So I tried to find out myself, know that **I don't have a lot of experience**, so it is entirely **possible that I am wrong**, please let me know if I do ! + +I used this link, which has been shared several times on reddit : + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +I was inspired by this [post](https://www.reddit.com/r/Superstonk/comments/n763vq/dtcc_members_are_having_a_liquidity_check_may_13th/?utm_medium=android_app&utm_source=share). + +This is the famous SR-NSCC-2021-002 rule. While this rule is important, it is not a necessity for the MOASS. What interests us is the rule currently applied “The Rule 4 (A) and Supplemental Liquidity Deposits (SLD)”. On Page 6 (ii). + +&#x200B; + +https://preview.redd.it/n9qsgtkefry61.png?width=605&format=png&auto=webp&s=eeea7e8b3510765ea9dd726c2abe83d78e46aeae + +This liquidity test is done **on a monthly basis** no later than the **fifth day prior** to an Options Expiration Activity Period. To make it short, standard options expiration occurs on the third Friday of each month. So this month, it’s 05/21. The period in question is Friday + 2 business day (so end 05/25). The test is done no later than the fifth business day prior, which is the **05/13**. + +Therefore, I believe this liquidity test will be used to start a Margin Call when hedgies (hi Citadel) are at their weakest. How is the question. Passive or aggressive ? With all these tweet suggesting this date I believe the second option ! + +&#x200B; + +https://preview.redd.it/22hetdgkfry61.png?width=605&format=png&auto=webp&s=cfe4aea3b7c459f1163ff304debd64e34df52286 + +NSCC will require more liquidity (and if there is no other rules that I don’t know and so on…), Citadel will have until the close of business on the second day prior to 05/21, so 05/19 (if I’m not wrong. I have a little doubt here, smooth brain, you know…). This liquidity will be borrowed by NSCC and will keep it until 7 business days after 05/21, so 06/01. + +&#x200B; + +https://preview.redd.it/rqeywz4nfry61.png?width=605&format=png&auto=webp&s=d0ee89bc7a9f9f1ceb9875ab9ca781281c38f5eb + +IF NSCC see that they will need a lot more liquidity between 05/21 and 05/25, they **may** call for more. And this supplemental liquidity will be held by NSCC for up to 90 days after the deposit. + +In **summary**, if I understood correctly, if the 05/13 someone or something create an increase in GME price and this increase is too risky based on the math of NSCC, they will demand more liquidity to compensate. This demand can increase if between 05/21 and 05/25 the risk increase. Hedgies then are fucked because they are already fighting every day and now they will need to find more banana, leading possibly to a margin call ! + +I’m not sure of everything, maybe I didn’t consider some possibilities or rules, maybe the margin call could happen the 05/13, maybe later, but honestly it can happen every day, I don’t care ! And you know why ? + +All Shorts Must Cover. + +I believe Ryan Cohen led us to 05/13 and I believe there is a good reason. Maybe it was part of an old plan and now the plan has changed, but even if nothing happen, I know we will win. + +And the 05/11/2021 tweet from GameStop, the day where they are supposed to know how many shares are voted make me believe that the plan has not changed ! + +&#x200B; + +https://preview.redd.it/m6bhbqxvfry61.png?width=591&format=png&auto=webp&s=c24bf11d932c44195804dc84f64c86998c5585dd + +**My Edit and interpretation of the new tweet from Ryan Cohen start here** + +New [tweet](https://twitter.com/ryancohen/status/1392649234944507906) from Ryan Cohen ! May 13th (in my time) ! We know this guy love to send messages with tweet. + +https://preview.redd.it/9rtohb7czsy61.png?width=591&format=png&auto=webp&s=3a2eb5ec847fe33127e05d8132fea46abd9b1fc0 + +https://preview.redd.it/vzfvjc0g0ty61.png?width=1682&format=png&auto=webp&s=565b82402a2fc7538527ef1dabb939ec7f617cde + +Here is my understanding. Games on every rows have a signification. + +**1st row :** + +Assassin’s creed unity : “UNITY” + +Assassin’s creed Valhala : “VALHALA” + +Astronner : “To the moon” + +**Therefore,** “**we will all go to valhala and beyond, to the moon !**” + +**2nd row :** + +[Children of Morta](https://en.wikipedia.org/wiki/Children_of_Morta) : “Story of a family who must defend the Mount of Morta from an evil called the Corruption”. The key words are “Fight against evil corruption” + +[Crackdown 3](https://en.wikipedia.org/wiki/Crackdown_3) : “number of different organizations controlling the city of New Providence that players need to take down by killing their bosses, destroying their facilities, and destabilizing their infrastructures”. We fight against organizations. + +[Code Vein](https://en.wikipedia.org/wiki/Code_Vein) : “Set in the near future, the world has fallen to a mysterious calamity known as the Great Collapse”. Here it’s talking about the “Great Collapse” the MOASS or the 2008 Crisis. In the game to fight monsters humanity created the Revenants, human corpses brought back to life. So us, human corpses (abused by Wallstreet) fight against theses monsters. + +**In summary,** “**We are fighting/will fight evil organisations to defend "humanity"**” + +**3th row :** + +CRASH bandicoot, It’s about time : “CRASH” “It’s about time” pretty obvious here + +[Tom Clancy's The Division 2](https://en.wikipedia.org/wiki/Tom_Clancy%27s_The_Division_2) : “Set in a near-future Washington, D.C. in the aftermath of a genetically engineered virus known as “Green Poison” being released, and follows an agent of the Strategic Homeland Division as they try to rebuild the city”. Here we also have “Near future” and “Green Poison being released” (Shorts) “try to rebuild the city”. So the meaning is probably “in the near future, shorts will be released, and we will try to rebuild GME/market/world” + +**In summary :** “**The crash is coming, soon, shorts will be released and we will rebuild what has been damaged**” + +**4th row :** + +[The Surge 2](https://en.wikipedia.org/wiki/The_Surge_2) : “In a dystopian future where humans have exhausted the world’s resources, leading to strained social service and environmental diseases bringing mankind to the brink of extinction”. Again in the future, not a good one. “One of the largest tech conglomerates, makes attempts at restoring the environment but with the task taking too long, a second process is developed, Project UTOPIA, a faster Project but costing the lives of 95% of humanity. The project, which was voted against by the board of the conglomerates, trigger a system-wide crash” So a largest conglomerates try to restore the human failure (Government/SEC/DTCC/FINRA) but they are too long, so another process is developed (The plan of GameStop), this is faster, but there will be a lot of collaterals (MOASS, Market crash). This project was not approved to the conglomerates, and trigger the system-wide crash (2021 Crisis). + +I don’t know the second game with vehicles. So I pass this one. + +[~~Trial Rising~~](https://en.wikipedia.org/wiki/Trials_Rising) ~~: “Player navigates a number of obstacles.” I believe here it’s about voting because “obstacle courses set in various parts of the world and player can compete against each other in both local and online multiplayer” I can only think of votes because brokers are making difficulties for us, and this all over the world. “The game allows players to view other players best personal performance and they will be notified when the player’s record is broken by others”. For me, here this mean that GME will see/are seing our votes and we will be notified when the number is enough or when they can. “Each player will be responsible for controlling a part of the balance and power of the vehicle”. Here it’s “we are all responsible! EVERY SHARE COUNT, this will give power to GME/The Moass”~~ + +I'm wrong for this game, but it doesn't change the fact that voting is important so i won't change my summary. + +**In summary** : I think here Ryan tell us that **government/SEC/DTCC/FINRA take too much time**, therefore **GME will/are using another plan**, this plan **need our VOTE to work, and we are ALL RESPONSIBLE, EVERY SHARE COUNT**. When **time come, we will know how many shares are voted, and the MOASS will begin !** + +**Total summary :** We need to rest united, we will all go to valhala and to the moon. Right now we are fighting evil organisations who are destroying the market. The crash is coming soon, shorts will need to cover, and we will use our tendies to make a better world and repair the dammage. The Government/SEC/DTCC/FINRA take too much time, so GME will use their own plan. This plan need us to VOTE. We need to try pass difficulties made by brokers. EVERY SHARE COUNT. When time will come, the MOASS will begin ! + +MY TITS ARE JACKED ! + +And don't forget, + +BUY, HODL and VOTE !! 🚀 🚀🚀🚀🚀🚀🚀 💎🙌 + +**Edit2 : Because my post seem to gain popularity, just a reminder, everything i say in this post is pure speculation, only my research on the liquidity test was based on facts, and even with this i can be wrong on some details. Again, it is possible that nothing happen May 13th. Or even if something happen or a new information come, maybe it will not be enough. I just wanted to share my toughts. Only Buy, hodl and vote is the way.** + +**Edit3 :** /u/Nixin83 said something interesting in comments about the last tweet of Ryan Cohen. He said **maybe** we will have another **Gamma squezze** and **maybe** like in January or Mars, the **price will fall**. "Prevention is better than cure". **Seriously guys, don't risk monney you can't afford.** + +**Do not Day Trade and don't play with options if you don't know what you are doing. Not financial advice of course.** + +We can only wait to see if something will happen. **I'll stop edit this post**. As said at the beggining, i just wanted to share my thoughts and try to make a post. **I'll rest a lurker.** + +**Edit4** : I made an exception and posted a new post because of my findings and i was excited. I was wrong for the 4th row of games in the tweet of ryan cohen. But i want to **rest a lurker.** + +**See you to the moon be it today or in a month** 🚀💎🙌 +Hey guys, I started investing in march and due to a tech heavy portfolio I have done pretty well. However the longer this goes on and the more overpriced tech stocks become, the more worried I am that tech will inevitably pull back soon and I will loose some of my profit. I am thinking of selling some of my tech stocks and moving into airlines, hotels and property stocks, as these stocks seem to have good upside potential. A few airlines and hotel stocks I have been looking at; Southwest, Delta, Dart, Alaska, Marriott, MGM, Hyatt. Need to research real estate some more. (Any suggestions?) + +Would it be a dumb idea to move 60% of my portfolio into these industries? Or is it too early/risky? What are your thoughts? How long do you think these tech stocks will continue to uptrend? And how long until the recovery of the industries mentioned? Thank you! + +EDIT: So the overall consensus seems to be yes it would be a dumb move and i should keep my money in tech for the time being, at least until we have some sort of vaccine. + +I definatly hadn't taken into account the fact that buisness travel may never return to the way it once was after this pandemic. Now im thinking i'de be better off putting more money into remote work/meeting companies such as Zoom, Slack etc. + +Thank you for all of your replies so far, i really appreciate the help. +A non-banking finance unit of global private equity giant KKR & Co. has dragged Kwality Ltd to the bankruptcy court, the Indian dairy firm said on Wednesday. + +KKR India Financial Services Pvt. Ltd has filed a petition before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, Kwality said in a stock-exchange filing. + +... + +Citing people aware of the development, The Hindu BusinessLine had on Tuesday reported that Kwality may have defaulted on loans worth Rs 1,200 crore. Pegging the company’s overall debt at Rs 2,000 crore, it said that about this 80% of this had gone bad because of “poor business decisions”. + +Link: [https://www.vccircle.com/kkr-starts-bankruptcy-proceedings-against-ice-cream-maker-kwality](https://www.vccircle.com/kkr-starts-bankruptcy-proceedings-against-ice-cream-maker-kwality) +Usually trading halts when Upper and lower circuits gets triggered. There'll be no price movement. But when I look at the charts there are still some small volumes traded even when the stock is in upper or lower circuit. How's it possible, and at what price do they trade? + +2. Also when the stock hits the upper circuit sellers are not available, and when it hits lower circuits buyers are not available ? Why? +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). +Just a fair warning to everybody from experience in ETHtrader: Whenever we see the first 20-30% dip you're gonna see this entire room get flooded by bears. Bears are among us in hiding waiting to pounce. Bears from Bitcoin and other alts. Bears in the form of new found friends right here. This place is a beautiful site and has been for 2 months. People making a ton of money on margins. + +The Last 2 months of 2016 were really trying on some of us. + +We'll see much money some of us wanna make on the way down through margin shorting. Believe me when the market dictates it safe for people to go short, they will go crazy for it. + +Have your plan in place on what you will do when it happens. It will happen. What is your mindset. Think in advance. + +We are on a euphoric feeding frenzy and have been well deserved for this for months now. + +Young know the market is reacting and repricing when we have our first sub 1000 comment day. I've seen Days in here that were so quiet and full of nonstop fud from major trolls. It was eerie. + +Plenty of developments coming ahead, but just be ready when the market reprices things a bit. It could be 3 months from now when it happens, but it will happen. Enjoy all of your festivities and stay safe traders. Keep your sanity with this. It's really neato! + +Big Hugs From KC. +I’m really not being biased here. It doesn’t take two to get to the real conclusion that Ethereum by far has the most diverse, well-rounded and most popular ecosystem out there. A lot of the most popular tokens and projects are built on Ethereum. + +Why would anyone possibly want to willingly leave all of that for another L1 with mostly vague and less known and developed projects? +The only reason is scalability. + +Now I do have mention that the title is somewhat misleading. Ethereum by itself won’t scale. Ethereum as L1 with built in scalability has been scratched from the roadmap. Instead, Ethereum will be following a rollup-centric roadmap. + +Rollups and sharding will be the things to help Ethereum scale. And when that happens its game over for many other competing L1s. + +We’re already seeing great progress in the rollup department especially ZK rollups recently with some networks like Polygon soon releasing the first zkEVM that is open source. + +zkSync has had a zkEVM testnet for a while not but unfortunately its closed source so it really just defeats the purpose since devs can’t access the code. + +With Sharding being introduced soon, all of these efforts will have an even much larger effect on scalability as well. + +If Ethereum and its scaling solutions keep up this work then I’m pretty sure that competitors won’t stand a chance anymore and will slowly but surely end up fading into obscurity. +Who would want to turn down an Ethereum ecosystem that is scalable at the same time. +It feels like whales do not care about indicators, patterns, RSI whatever else: they have money - they move the chart. It feels very unstable and I have lost the feeling of market that allows me to make profits. + +Is stock market better than crypto in this sense? +Hey All, + +&#x200B; + +So I'm brand new to WSB but bear with me. Once upon a time, when I was very down on my luck, I walked into a temp agency and asked for any job they could give me. What they had was a factory assembly worker on the line at Blackberry in my hometown of Waterloo, Canada (yep...Canadian alert!). It was a 12hr job with day/night swapping shifts. It was a repetative, monotonous job putting screws into things and doing it all in style in a zero static white suit and blue boots. It was most definitely NOT what I had envisioned for myself for the rest of my life. However, that job would turn out to be one of the most rewarding short-term jobs I've ever had because I sat next to some truly wonderful people on the assembly line. + +With nothing to do for 12hrs but shoot the sh\*t, I soon discovered that I was sitting next to doctors from Iran, lawyers from Indonesia, CEOs from Pakistan. Each of them had come to this job out of desperation just like me. Each of them were deemed "overqualified" by most other jobs just like me. Each of them had worked hard, invested in company shares (BB had an amazing employee share program) and had made more money there than they could have dreamed. BB had given them the promise of a real future in Canada and you could see the passion they had for this company in their faces. Also, BB once a year rented out the Air Canada Centre (or Rogers or whatever the hell its called now...) and rented a rock band for their employees! Like...ALL of their employees...not just management. I saw ACDC, Steven Tyler, Van Halen and the Tragically Hip. All thanks to BB. They wanted to spread the love. + +So I got over myself and how I wasn't where I wanted to be, and I used this job to give myself a crash-course on global politics from the amazing people I worked with. I learned about the so-called "scary" parts of the world and how beautiful they actually were. When the time came to leave that job and move on to other things, I left with a profound appreciation for hard-working immigrants and just how much dedication it takes to sit down at a factory bench with a $200k salary potential education, and screw things together for $14/hr. I'll never forget those people. And I'll never forget that company. Blackberry gave life, employment, education grants, city improvements and other amazing opportunities to my hometown of Waterloo. When the time came that Apple overtook them and Blackberry faltered, my hometown and the rest of Canada turned its back on them, and that disgusted me. + +THAT is why I am investing in BB today. Not for a get-rich-quick scheme, but because I genuinely hold a special place in my heart for that company and can find way more emotional attachment to it than a TV channel I used to watch, and a place where I used to buy Ace Combat as a kid. + +TLDR; BB was once the bright future of Canadian tech industry, it carried me through tough times as an employee, and I respect it. + +&#x200B; + +\*\*\*Update: Wow folks! What a day. I've never had a harder time trying to NOT look at my phone while looking after the baby as the wife was at the salon. You guys were so thoughtful and supportive today and I truly appreciate all the gifts, karma, props and personal stories. I was even stoked to find some fellow KW/RIM employees in the mix! So happy to see that this community is alive and well. I continue to value BB as a future major player and I'll hold my shares because I truly believe in what this company can do, and how we can help it succeed. + +To the folks that thought I was a corporate plant or some sketchy conspiracy, I giggled a bit. I can assure you I'm a regular dude and this was a regular post. I hold a very MODEST amount of BB shares because that's all I can afford, but I know other folks invested heavily and I wish them the very best of success in the weeks and months to follow. As always, I can't give any financial advice. I'm not a pro. All I can say is invest in something you truly believe in - not just because it can make you rich. I'm a proud Canadian first and foremost, and I can't wait to see how this company can exceed all of our expectations no matter where we happen to live. + +All the best friends!!! Thanks for making today one of the coolest and craziest days of my Reddit life! Much love to all of you :) BB to the moon!!!! + +\*\*UPDATE #2: For all the posters who doubted that I actually held BB stock, here's a screenshot of the only three stocks I hold - BB, AMC (but I think I'll sell tomorrow for BB), and EMO.V (a really undervalued Canadian mining stock - I know \*yawn\*- but I've been holding for seven years and its finally moving!) + +[https://imgur.com/gallery/cF0Ht5v](https://imgur.com/gallery/Mykrr2E) +Recently, my spouse was offered a job in a new state. The salary bump was sufficiently big that we decided to make the change. The company offered relo services, so we packed up our 3000 sqft house and put everything we owned into storage with the exception of the contents of four suitcases. + +We were moved into a one bedroom apartment and have spent the last four months living here with an extremely reduced set of belongings. It's been an interesting experiment in minimalism and frugality for us -- sort of moving backwards on the path of lifestyle inflation -- and I thought that I might share some of our findings from this period in our lives and how we plan on modifying our lifestyle moving forward. + +* Living in a one bedroom apartment doesn't feel that different from living in a four bedroom house. To be fair, the complex's amenities (gym, pool) somewhat make up for the smaller size. But at the end of the day, more space doesn't make you feel any better. + +* We didn't miss 98% of our stuff. We are going to be reunited with all of our stuff next week, and honestly, it feels burdensome. I am probably going to sell most of it. I feel like I have no use for it anymore. + +* The primary thing that I desperately missed was my kitchen things. Cooking is key for us both as a hobby and to help live a healthy lifestyle. The kitchen in our temporary living space was ill-equipped. The pans have been used twice and are already flaking. The spatulas provided melted on their first use. The can opener broke in week two. The oven smells really weird and the ancient dishwasher doesn't adequately clean dishes. As a result, we pretty much stopped cooking and started doing a lot of pre-made meals and take-out which skyrocketed our budget AND our waistlines. I am more excited than anything to be reunited with my cast iron pan and industrial-sized crock pot. + +* Our temporary housing did not have cable, so we experimented with cord cutting. We've been using Vue + Netflix + HBO GO. I don't miss cable one bit and we aren't going to install it in our permanent housing. By my calculations, this is going to save us around $1400/year. + +* Mattresses matter. After months of sleeping on an old, lumpy spring mattress, I can't tell you how excited I am to go back to my Tempurpedic. + +* Minimalism in clothes has been a revelation for me. I have BOXES of clothes in storage that I'm probably just going to donate because having only about 50 items in my closet has made dressing so much more freeing. I find joy in mixing and matching. I'm not overwhelmed by choice. I adore and delight in every item in the closet so I'm always happy with what I'm wearing. I'm never going back to closet bloat again. +* Not having yardwork to do was somewhat freeing, but I did find that I missed gardening. Our new place has a significantly smaller yard with minimal upkeep and we're going to add some boxes to continue this hobby. + +I guess I'm surprised at how easily we adapted to a significantly smaller life footprint. The place that we've purchased is significantly smaller and cheaper than our old home which has pushed our RE plans up about four years. And I'm not sure we would have been willing to do that without having had this experience and knowing we would be perfectly content with less. +Hey everyone, I’m a teenager living in the uk and in the past 9 months or so I’ve been trying to decide what I want to do once I leave school. Long story short I have lots of interests but my ultimate goal in life is to travel the world and gain ‘financial freedom’. I know this sounds very typical of a teenager which has been exposed to gurus or whatever but I want some opinions off some professional or experienced traders not these gurus trying to sell me something. I would just like to know if forex trading is a career where you can be very successful and I will start learning as soon as I can, I’ve learnt all the basics but I want to keep learning more about it so I’m ready to trade real money when I’m 18. I really hope I don’t come across as just some idiot who thinks it’s a get rich quick scheme because I certainly know it’s not. I would really appreciate any advice and comments if anyone sees this, Thank you +Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't been risking more than .5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and lost about 8, and they were about 4 trades which I decided not to take and those all went well, I'm currently down 7% and I'm on my way to failing the challenge, and this is the only way I can get an income so I'm starting to stress and I'm not sure how to pick myself up again if that's even possible +As the title states, I am curious to know what you guys have done to begin the journey to become a profitable trader. I have been doing courses on babypips on and off for a few months but I wanted to know what kind of routes you guys would recommend. I have read through this subreddit and have seen many people recommend finding a mentor. Is this necessary/important? Or is this a venture that can be done independently. I have also heard many positive reviews about Mark Douglas and ‘Trading in the Zone’ and was wondering if the effect would be the same if I read it before I even began trading or would it be more beneficial to read it after gaining experience through a demo account. If you have any resources or pieces of advice please drop them below. Thank you! +My question is simple. How does the bank of china devalue it's currency? What is the process? Is it a similar process to the US when the feds buy and sell securities? + [https://www.cftc.gov/PressRoom/PressReleases/8328-20](https://www.cftc.gov/PressRoom/PressReleases/8328-20) + +>The Commission unanimously approved a final rule that amends the CFTC Margin Rule’s definition of material swaps exposure (MSE) by **revising the method for calculating the average aggregate notional amount of uncleared swaps and other financial products (AANA) for determining MSE.  More specifically, the final rule changes the period for calculating AANA from June, July, and August of the prior year, to March, April, and May of the current year, requiring the averaging of month-end AANA instead of daily AANA over the three-month calculation period.** The final rule also establishes September 1 of each year as the date for determining MSE after the end of the phased compliance schedule for initial margin (IM). +> +>**These amendments to the definition of MSE align the CFTC Margin Rule with the Basel Committee on Banking Supervision** and the International Organization of Securities Commissions’ Framework for margin requirements for non-centrally cleared derivatives (BCBS/IOSCO Framework) with respect to the method of calculation of AANA **for determining whether an entity comes within the scope of the IM requirements at the end of the last phase of compliance with the margin requirements and the timing of compliance after the last phase of compliance.** +> +>In addition, the final rule amends the CFTC Margin Rule to allow SDs and MSPs subject to the rule to use the risk-based model calculation of IM of a counterparty that is a CFTC-registered SD or MSP to determine the amount of IM to be collected from the counterparty and to determine whether the IM threshold amount for the exchange of IM has been exceeded such that documentation concerning the collection, posting, and custody of IM would be required. +> +>The rule is effective 30 days after publication in the Federal Register. + +&#x200B; + +Since MONDAY is a public holiday, the end of month prices will be set TODAY (Friday 28/5). + +If todays price ends **high** I assume this will fuck the hedgies **hard**, locking them in to higher margin requirements. No pressure. + +BUY HOLD VOTE +300 million global crypto users can impose their own individual economic sanctions if they choose to make a stand. + +Bitcoin is the personification and crystallisation of the liberty and freedoms of humanity. + +The peaceful exchange of harmless cryptographic code should be a fundamental god given right if its the expressed will of a people. + +Yes crypto can't and will not ultimately be stopped. + +However any government taking a forceful action to ban it's population from participating in an open and decentralised global network, needs to be sent a clear and united message from the rest of civilization that this beach of human rights will not be tolerated. + +Holding or transacting in cryptographic code should never be considered a crime. The real crime is against.humanity when an authoritarian dictatorship attempts to forcefully block humans from participating.in the greatest financial liberation in history. + +Bitcoin is proof that every individual counts and when we collaborate and cooperate together we are force to be reckoned.with. + +It just takes handful of people with belief to start a revolution and make voices heard and actions felt. + +On behalf of the human rights of my fellow global citizens in China... I'm banning myself from funding the government of the People's Republic of China. +I went to go deposit money into my chase debit card using their ATM. I first put 1 $100 bill, which it read correctly, and then I pressed “deposit more”. I then proceeded to put 4 $100 bills into the machine, and it took a while and came back with an error. It said it couldn’t read my money, and that’s it’s going to return it. A minute later, it didn’t return anything and said call this number to make sure your deposit went through. I called the number, and I told the lady my situation. She filed the claim, and said it will take 10 days max to get a response. 4 days later, I get a notice that says they can confirm from their research that no money was deposited, and that no adjustment will be made to my account at this time. I literally can’t believe this. I’ve been robbed of 500 dollars, and as a college student, yes 500 dollars is a lot. What the hell do I do? +I was looking at avalanche dapps and came across the Pangolin dex which went through a good boost earlier wrt liquidity this month. Doing a little more research, I [read](https://vireviews.com/pangolin-dex-introduces-the-super-farm-program-offering-up-to-10-token-rewards-on-a-single-farm/) that they are going to launch “super farms”, which is what they call a new version of yield farming that lets you earn multiple tokens for liquidity provision. Nothing new right? + +Except they will allow you to earn up to TEN TOKENS simultaneously. I haven't’ seen any other platform offer this, but I could be wrong there. The basic reward is the $PNG token + the other token, but the pangolin team says that developers can add multiple tokens on top of that. A few of these super farms have already launched. + +Pangolin is trying to get some partnerships in place for its super farm program and I’ll be damned if this doesn’t sound too good to be true. But that’s the thing, have I just discovered a real life pipe dream or what? +Guten Tag to this global band of Apes! 👋🦍 + +The Easter holiday will have the German markets closed tomorrow and on Monday, so this will be my last post until Tuesday. + +The tone of messages from Ryan Cohen (or is it Warren Icahn?) and every other insider at GameStop and their blockchain partners has shifted significantly in the past few months, has it not? The tone now is quite a lot more confident, dripping with certainty about their current position. While the daily motion of the ticker sometimes falters, I draw confidence from the position of strength we HODL from. + +The signals continue to grow that the SHFs are struggling to maintain their positions, with borrow rates and short positions increasing steadily. XRT is well over 1000% short. The media FUD machine is in high gear, and the SHFs are attacking highly visible Apes to drive off new interest. Of course, if those tactics worked against Apes, we wouldn't be in this position. They don't have any way to defeat DRS, and DRS continues to be The Way of the Ape. + +So as we enter a long weekend, remember that each day your Diamantenhände HODL costs you little and costs them dearly. HODLing GME is a highlight of my past year, whereas shorting GME is the nightmare that never seems to end for them. I love this community and it brings me joy to write here daily, but I also delight to consider how my words are viewed by the SHFs when they visit to seek ways of dividing us. + +Do they not see our confidence? Our resolve? Our Diamantenhände? + +Today is Thursday, April 14th, 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: **$148.08 / 136,78 €** *(volume: 1280)* +- 🟥 115 minutes in: $148.09 / 136,80 € *(volume: 1231)* +- 🟩 110 minutes in: $148.14 / 136,84 € *(volume: 1229)* +- 🟩 105 minutes in: $148.13 / 136,83 € *(volume: 1222)* +- 🟥 100 minutes in: $148.11 / 136,81 € *(volume: 1222)* +- 🟥 95 minutes in: $148.16 / 136,86 € *(volume: 1222)* +- 🟩 90 minutes in: $148.23 / 136,92 € *(volume: 1121)* +- 🟥 85 minutes in: $148.18 / 136,87 € *(volume: 1121)* +- 🟥 80 minutes in: $148.84 / 137,48 € *(volume: 784)* +- 🟥 75 minutes in: $148.84 / 137,49 € *(volume: 724)* +- 🟩 70 minutes in: $148.90 / 137,53 € *(volume: 722)* +- 🟩 65 minutes in: $148.84 / 137,48 € *(volume: 679)* +- 🟥 60 minutes in: $148.77 / 137,42 € *(volume: 599)* +- 🟥 55 minutes in: $148.81 / 137,45 € *(volume: 598)* +- 🟥 50 minutes in: $148.85 / 137,49 € *(volume: 597)* +- 🟥 45 minutes in: $148.86 / 137,50 € *(volume: 594)* +- 🟥 40 minutes in: $148.87 / 137,51 € *(volume: 593)* +- 🟥 35 minutes in: $148.97 / 137,60 € *(volume: 589)* +- 🟥 30 minutes in: $149.03 / 137,66 € *(volume: 580)* +- 🟩 25 minutes in: $149.10 / 137,72 € *(volume: 576)* +- 🟥 20 minutes in: $149.07 / 137,70 € *(volume: 576)* +- 🟥 15 minutes in: $150.03 / 138,58 € *(volume: 210)* +- ⬜ 10 minutes in: $150.03 / 138,58 € *(volume: 207)* +- 🟥 5 minutes in: $150.03 / 138,58 € *(volume: 195)* +- 🟥 0 minutes in: $150.05 / 138,60 € *(volume: 194)* +- 🟩 US close price: $150.70 / 139,20 € *($149.80 / 138,37 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0826. 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! +My employer just told us we won’t be required to go back to the office until July ‘22. Planning to go work from Hawaii for 6 months with my wife (we need to stay within US borders). Figured this would be a good opportunity to do a bunch of fat experiences while there - any recs? Probably going to do 2-3 months in Big island and the same in Maui. Not a fan of Oahu and Kauai wasn’t great for remote work. +Hello Superstonk! ^(who is this guy?) + +&#x200B; + +As some of you may know, or have experienced, the self harm report function is oftentimes abused and not used for its intended purpose. For those that are unfamiliar, users who disagree with someone's comments or posts will report accounts for self harm. This triggers an automated reply message from /u/RedditCareResources + +Here's a look at a self harm report, this one was targeted at another Mod. + +&#x200B; + +https://preview.redd.it/h4nzs2a6jui81.png?width=1233&format=png&auto=webp&s=9d154d98473c4a3e8ae243ca83d766e4dd03ffc7 + +As a mod we deal with this often, like every day often. This got me thinking and I decided to try and put together a **mental health resource list for the sub**. At 735,000 strong we come in all different shapes and sizes, and many of us struggle with some form of mental health disorder. I myself have had anxiety since I was a kid, and have bouts of depression here or there. I've come a long way and I'm in a much better place now a days, but that's thanks to the resources that were made available to me. I was fortunate to have the support of my parents, friends and family as well as professional help. Those resources are critical for those in need, and its not always easy to take the first step. + +**I'm asking the community to help put together this list, and I don't think I can do it without you.** This subreddit is made up of 100+ nationalities, easily (someone has an exact number I bet!) If you have information for a public mental health resource from your country, city, town, anything, we can include it! My goal is to cover as many places as we reasonably can. + +Everyone should have a number they can call when things are getting hard, for whatever reason that may be. It would be an honor for me to work on this project with you all. Thanks for your time :) + +# Please comment any resources that you have in mind below! + +&#x200B; + +Take care of yourselves, nothing else comes first. It sounds cliché but no one spends more time with you than you. Learn to love you! + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Here's some other things we could use your help with/some of the resources we usually pin :) + +&#x200B; + +/u/Bah2o **request for feedback on old reddit Update:** + +[https://new.reddit.com/r/Superstonk/comments/srrxpc/old\_reddit\_has\_temporarily\_been\_updated\_tell\_me/](https://new.reddit.com/r/Superstonk/comments/srrxpc/old_reddit_has_temporarily_been_updated_tell_me/) + +**CREATE YOUR OWN CUSTOM FLAIR FOR THIS WEEKEND ONLY!** + +[https://new.reddit.com/r/Superstonk/comments/svpu45/avast\_ye\_land\_lubbin\_curs\_i\_be\_announcin\_flair/](https://new.reddit.com/r/Superstonk/comments/svpu45/avast_ye_land_lubbin_curs_i_be_announcin_flair/) + +**Obligatory DRS Guide :)** + +[https://new.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://new.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +&#x200B; + +I thought I would write a little post about the VIX index and the options on the index as it is a popular but confusing instrument that does not behave like anything else we trade on. + +# What is the VIX? + +The VIX is a measure of the implied volatility (IV) or price of options on the SPX (S&P 500) index over the next 30 days. It is also known as the "Fear Index". The VIX tends to spike up during times of fear as traders rush to buy protective options. It then declines as the market adjusts. This tendency to spike up and drop back down is (a) expected by the market and (b) important to understanding VIX options. + +&#x200B; + +[VIX and SPX](https://preview.redd.it/99cks9ogoak61.png?width=783&format=png&auto=webp&s=555e41a443e8508851869dc7f453d9a333938fe7) + +# How do VIX options work? + +VIX options are cash settled and European style (no early exercise). Because they are European style they are valued based on what the VIX is expected to be at expiry, not what it is currently. And remember, almost everyone knows that the VIX will spike up and drop back down. As a result, the options are priced according to the VIX futures which expire the same time as the options. + +Below is the current VIX futures curve, taken from the useful [vixcentral.com](https://vixcentral.com) + +&#x200B; + +[VIX Futures Curve on Friday Feb 26 2020. Spot VIX at 28](https://preview.redd.it/ca92ntv6mak61.png?width=1071&format=png&auto=webp&s=358c236dc6c03926a17d9e41635b88bc82091a05) + +And here's the chart from a week earlier: + +&#x200B; + +[Friday Feb 19, Spot VIX around 22](https://preview.redd.it/krlaalo7qak61.png?width=1065&format=png&auto=webp&s=3fd3cd0c400e9f361ca0c0f42f6663544f8be5ac) + +If you compare the two, you can see the VIX index moved from 22 to 28, the March future moved from 24.8 to 27 and May went from 28.8 to 29. So if you were long March VIX options you would have seen a modest 2 point rise but 90 DTE calls would see virtually no change! + +Below is the curve for March 16, 2020, maximum Covid panic in the markets, with VIX at it's highest ever! But if you look far enough out on the curve, those long dated futures are only a point or two off the similar DTE futures and options today. + +[VIX Futures Curve March 16 2020 with spot VIX at a record 82.69](https://preview.redd.it/aelju38emak61.png?width=1067&format=png&auto=webp&s=c38c547e7b3df640e27d85b79582529a130c2be5) + +And finally, back in November 2019. Here the 90 to 240 DTE futures are in the 17-18.5 range. If you had bought long dated calls here, you would be up 12-15 points or much more when Covid hit. + +&#x200B; + +[A more typical VIX futures curve back when all we worried about was the trade war cycle](https://preview.redd.it/isneh7eurak61.png?width=1063&format=png&auto=webp&s=055b41dd49580f3ed823824924123486af3bc300) + +&#x200B; + +In summary, VIX options can be useful for hedging but you need to be aware that (a) they are much less reactive than the index, (b) the further out they are, the less reactive, (c) the current VIX futures curve is very cautious making the options less useful than usual for hedging. +With TCDA being a complete shit show for the 2.50p writers, have no fear, let me introduce you to $VERU. Redeem yourself with the Nov 18 $3p, currently trading at 0.10-0.15 bid-ask with a $12.50 underlying as of writing this. 400% IV + +What could go wrong + +&#x200B; + +https://preview.redd.it/usv0c7rradx91.png?width=745&format=png&auto=webp&s=6597b25693e52cadd64fb51acd1aee0b507bd77c +I think anyone who has seen my posts here long enough knows I complain about housing prices A LOT. So I thought I might as well balance out the whining with a productive post seeking out different opinions to my own and also to seeking out hope and advice for myself and others like me. + + + +Basically we all know that in order to afford a property in Australia (especially Melbourne and Sydney) nowadays you need to be a high income earner in a secure job, have a partner or both. But I was wondering if there is anyone out there who has done it on their own ? + + +So if you you bought your home on a SINGLE income regardless if it is an apartment, townhouse or traditional house how did you do it and how did you find the experience compared to couples ? Any extra advice for those who are doing this on their own as well ? If you don't mind sharing (optional due to privacy) also how much do you earn and which state/city did you buy in ? + + +Thank you for your time and enjoy the rest of your day off. +I figure with the recent Brexit drop in pound value it would be a no brainer but I don't really see it happening, why is this not a great idea? + +Edit: Thank you for all the responses! It's been noted that GBP may not appreciate substantially depending on future events, there are exchange fees, and more research needs to be done in general. Please only comment with new information/opinions +Just wondering why everyone evaluates O so much higher them MAIN. Today O is down 1% MAIN up 1.5%. I know a weekly or daily trading average means almost nothing, but it’s interesting. Ideas, thoughts!? +Hey guys, I often come up with this issue whereby I let my emotions lead the way when it comes to taking entries on trades. E.g I mark a certain level for my entry and when price start getting close to the level I start having negative thoughts like what if it doesn't respect the level or what if my stop Loss gets hit. I then don't end up taking the trade. and the level gets respected perfectly. + +How do/did you guys overcome letting your emotions get the best of you? +influencers shilling shitcoins is nothing new, but it's gotten to a point where i really just cant deal with their scumminess. i'm not sure if my reports actually do anything, but every time i see someone pushing some shitcoin saying that "let's go to the moon!!" or "growing like crazy, get on it now!", i click the extra steps on every single one of their stories to report as a scam. a bit petty, but fuck these people for contributing to rug pulls. + +not sure if it would violate any rules, but i also wouldn't be opposed to creating a list of accounts that are known to shill - there should be consequences for being a con artist. + +Edit: holy hell, I logged back in and this got more of a response than I expected. thank you, kind strangers for the upvotes and awards! + +Because of this response, I plan on combing through these comments and, when I have some free time, figure out the best way to create a shill shame resource for the community. While my singular reports may not achieve much except to briefly calm my rage, perhaps if more of my crypto comrades join in the cause, we might see some change. +Economic theory says human beings are rational agents and their investment ideas are goal oriented, evaluative, consistent and free from emotions. However, in reality, the investment behaviour of retail investors can often be irrational. + +Behavioral finance helps explain the conduct of small investors. One important reason for the underperformance is the disposition effect. It is the tendency to sell stocks of which prices have risen since the time of purchase. Such stocks may have the potential to grow further, but investors book early profits. In other words, investors tend to sell the winners and hold on to the losers. + +For retail investors, they are better off taking the mutual fund route, either it is active funds or index funds, it's upto the investor's choice. Or maybe combination of both. +Not to mention SIP , should be a better option rather than timing the markets or sell now and buy later etc.. + +Source: +https://economictimes.indiatimes.com/wealth/invest/why-retail-investors-dont-make-money-when-investing-directly-in-equity/articleshow/64893510.cms +Hi guys, +what do you think of the development of India for the next 10-15 years, but with looking on the things in a critical way and unbiased. +I am really looking forward to the answers ans it will help me and hopefully others too! +Have been reading about Fractional real estate investment. If anyone invested in these could give insights into how risky investments these are( say. compared to say REITs), minimum investment(generally depends on properties but a ballpark figure will do), and what's the best way to invest in these? + +[https://www.financialexpress.com/money/fractional-ownership-the-smart-way-to-own-an-asset-in-modern-times/2261400/#:\~:text=Fractional%20ownership%20is%20emerging%20in,been%20transformed%20by%20fractional%20ownership](https://www.financialexpress.com/money/fractional-ownership-the-smart-way-to-own-an-asset-in-modern-times/2261400/#:~:text=Fractional%20ownership%20is%20emerging%20in,been%20transformed%20by%20fractional%20ownership). +What are some of the things I should be aware of, if I consider buying some agricultural land as a long term investment. (Considering the land is available for a reasonable price and the papers are in order) +For money required say once a quarter e.g. for quarterly school fees (or annual vacations etc) that I intend to allocate every month, how are liquid funds better than savings accounts, given that 10k interest in savings is exempt from the taxes? + +I kinda understand liquid funds from emergency funds perspective, where one may not require to withdraw funds at all, and with time indexation would kick in. + +For shorter fixed duration, unless additional returns from liquid funds justify the added tax burden, liquid funds do not appear comparatively too attractive. + +Am I missing anything? + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +In between manipulating the crypto market through his Twitter feed and snorting Provigil through a paper straw, Elon MusK has been building out his manufacturing capacity in China to service EM EV demand. China in and of itself isn’t a driver of Tesla’s profits. In August they made only 8,621 deliveries to Chinese customers.( https://www.investopedia.com/tesla-tsla-turns-on-the-charm-in-china-5203303 ). It seems like conspicuous signs of wealth are losing popularity in China. Wonder why? Ask Jack Ma. + +Considering Tesla’s facing supply chain disruptions in China due to coal shortages (LOL) the honeymoon phase for Elon Musk and Xi Jinping may be over. His investment in China wasn’t just financial. They actually cut a tourism commercial for Xinjiang ( https://mobile.twitter.com/teslacn/status/1406277513517494272?lang=en ). See no evil, hear no evil, speak no evil. Cost of doing business in China. + +But what options does Tesla have? What other country has the rare earth minerals, the space, and Elon has a serious fetish for solar panels so through in lots of sunshine as well. Only one country country fits the bill. That being Australia ( https://www.theguardian.com/environment/2021/apr/17/the-race-for-rare-earth-minerals-can-australia-fuel-the-electric-vehicle-revolution ). Sure they don’t have as big a population, but these factories are highly automated anyway. + +So Australia is perfectly situated to ascend into EV dominance, except for one crucial ingredient. That being a functioning society. Elon hates covid restrictions, threatening to pull out of their Fremont California plant all together if exemption were not made ( https://www.cnbc.com/2020/11/20/tesla-gets-exemption-from-new-california-covid-19-health-orders.html ). I have a sneaking suspicion that if Australia ever got it’s shit together, a Tesla Gigafactory would spontaneously emerge in Melbourne from the machine elf dimension. But for now Elon’s stuck in China, sucking Xi’s dick, plotting his escape. +THE RBA HAS CLEARLY BUILT ITS ENTIRE ECONOMICS PLANNING AROUND DISRUPTING THE PURGE, BUT NOT EVEN A .5% RISE CAN STOP US. + +IOU NU /u/MOTHERFUCK3RJONES SEEMS TO SHOW THAT OWING PEOPLE SHITLOADS OF MONEY IS STILL THE GO, WITH IT RISING 4.8%, BUT KEEPING YESTERDAYS GAINS TO A TOTAL OF A 43.5% RISE FROM FRIDAY. MAKING IT THE FRONTRUNNER. BUT LETS SEE IF IT JUST OWES YOU OR IF IT PAYS YOU. + +AVL, BY /u/WALLYONE123 MADE UP TODAYS BIGGEST WINNER, WITH 20.6% FOR A RESPECTABLE, BUT NOT VICTORIOUS 24.2%. + +SADLY, YESTERDAYS WINNER OF ANL BY /u/OUTRAGEOUS_JUNKET817 FELL BACK TO IT'S RECENT LONG TERM PRICE OF .001, A 33% DROP FROM YESTERDAYS PRICE. THE LARGEST LOSER OF THE DAY. BUT CURRENTLY SITTING ON SIMPLY A 0% CHANGE. WHICH LOOKS LIKE A SURPRISINGLY SAFE BET, UNLESS IT DELISTS IN THE NEXT 3 DAYS. WHICH, LETS BE HONEST, ISN'T THAT INSANE. + +THE RUNNER UP FOR WORST STONK AND CURRENT FRONTRUNNER FOR HUMAN SACRIFICE IS /u/NOHORNCAP WHO'S SELECTION OF BAT IS NOT LOOKING LIKE A HOME RUN. IT HAD A PRICE OF -16.7% TODAY AND OVERALL. BUT IT IS CLOSELY BEING FOLLOWED BY TRT, WHICH HAD A 4% GAIN WHICH SLIGHTLY BALANCED OUT THE DISASTROUS DAY YESTERDAY. + +https://preview.redd.it/d7hi5bqtrp991.png?width=703&format=png&auto=webp&s=247bbe2b41ba7d32062552282674472f7c6ceb1b +Ok, so after careful consideration - i've made some crazy moves in my portfolio today that i would like to disclose. I might regret these decisions, but, i will explain below the reasoning and my plans moving forward. Its a shame really that it has come to this and im still not so sure if it was the smartest move. Time will tell. + +I am up 150% on another investment (PSC)I am down a hefty amount on IVZ (had over $100K invested)(but luckily the gains on PSC have kept me afloat from the losses here) + +I decided to double down on PSC for the meantime and transferred all funds into it as i do still expect upside from that investment with a few upcoming catalysts (who knows, i may get double anal - but hoping it works out for the better). + +I plan to come back to IVZ when i think the time is right. + +What happened to IVZ? Theres a few reasons: + +(1) I think we may see sub 10c really soon with support broken and in a downtrend with no exciting upcoming catalysts other than seismic results (which we already got a brief look at) + +Drilling is going to cost \~$30M , and even if we farm in , we still need to raise 67% of the drilling cost ourselves (capital raise).This is going to see even more pressure on the SP. I wonder at what price will we raise if we're currently struggling to hold 10c ? What a shame considering the last raise at 11c was such a success and the SP never even dropped back to the raise price. It goes to show how angry shareholders are with the company. + +(2) The farm-in offer that we received significantly de-valued IVZ. That's the reason i believe for the further decline in the SP.  + +Cluff effectively bought 25% of the company for $10M. IVZ was previously valued at $100M , so that doesnt make any sense. (p.s they didnt buy part of the company, they bought part of the project, but IVZ doesnt have any other projects) - without this project IVZ would be valued at $0. + +Scott said the following: + +"Invictus is pleased to enter into the option agreement with Cluff Energy Africa and work towards formalising our relationship in the Cabora Bassa joint venture over the coming months." + +ie; hes excited and happy about this deal - the announcement didnt say "we have received this offer and will evaluate it etc" - it sounded like he really wants to go ahead with it after re-reading his commentary on the second page.  + +IMPORTANT: For those that say this is just an optional offer (true) and the company had to announce it in the way they did (Not True).IVZ never disclosed the details of the old farm in offer that was cancelled - it was just disclosed that they were reviewing it behind the scenes.PSC has received 7 offers for funding / Take over and the company has not released any of that information (ie; they dont need to disclose the info it seems - just need to disclose the fact that offers have been received). + +It further shows the MD appears to be happy with it, for whatever reason. + +I think holding now (in relation to the short term) is a gamble on whether you think we will get a new better farm-in offer , which will significantly boost the SP. But if that doesn't happen, i cant possibly see the SP going back to previous levels (IN THE SHORT TERM), because the deal de-valued IVZ and the MD accepted that valuation. + +I dont have high hopes for getting a better farm-in offer. See below what Scott said about the Cluff deal: + +"We look forward to CEA completing their capital raise activities and participating in the exciting basin opening 2 well drilling campaign including drilling the world class Muzarabani-1 well in the first half of next year." + +That doesnt sound like he's expecting another deal, does it?But yeah, that is the gamble here. If a new farm in offer is received, the SP will rocket and anyone who sold will be regretting it.Otherwise, i think i've made the right choice for the meantime. + +There is still approx 5 months left for drilling (assuming no further delays). But its always good to factor in a few months for delays. So lets say 7 months (+2 month delay) for drilling. From now until then, there will be a CR and a boring period of time where the SP may be stagnant. (hopefully great opportunities to enter / top up / avg down etc). + +Its the time/opportunity cost here that is the main reason for moving my funds. (a shame, because ive been holding for about a year now)HOWEVER, when the time comes, the game plan still exists. It doesnt really matter about the crappy farm in deal. They will still be drilling an elephant size, possibly the last, onshore basin in the world. Any success with the drill will see IVZ sky rocket. I definitely want to be apart of that ride/opportunity, so i will definitely be re-entering when i think the time is right. Lets not forget that there will be some exciting announcements in the lead up to the drill also, such as the final seismic results, PSA, and so on. I hope i dont miss out, because ill be really upset if i do - i still have faith for the future, but right now, the MD f'd up (or wants to let his mates in for cheap) and my money can be working better for me elsewhere in the short term. I emailed Scott with my concerns and feedback a few days back and i didnt receive any response (in the past he replied to me really quickly - to be fair hes probably overwhelmed and getting bombarded with messages, but anyway).  + +I will be watching closely - there has been massive volume over the last few days. While yes, massive dumping - but there have been people picking up those millions of shares. Which is good news - i would love to see broker data if anyone has access. Definitely some games being played (there was a 1.5m selling order placed and removed earlier in the day) - it could be a accumulation strategy by big holders. Ive been investing long enough to know that when "they" (yes "they" - the boogey men) want a stock to move, they'll make it move. ie; when the time is right, they will pump, make no mistake about that. That's why i am certain when the time is right IVZ will pump and anyone in the red now will be in the green and kicking themselves for not buying more at these cheaper levels. + +TLDR: temporarily out mainly due to opportunity cost (re-invested elsewhere where i believe i will see quicker upside). I plan to re-enter IVZ when i think the time is right. I will definitely be back in prior to drill, and plan to freecarry into the drill if the opportunity arises. Interested to see where the SP will be come CR time. + +Note: Please dont let my choices affect your investment decisions. We're all human and make errors - nobody is right all the time and its impossible to time entry / exit. We win some, we lose some. + +&#x200B; + +PART 2 / UPDATE - READ IT HERE: [https://www.reddit.com/r/ASX\_Bets/comments/rgjkft/comment/holy4yf/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/rgjkft/comment/holy4yf/?utm_source=share&utm_medium=web2x&context=3) +Where do you guys stand on this? I'm very early in my career and I doubt it would do it any good if the higher ups got word I plan to be out in 10 years. On the other hand when my work friends ask me about my life, what % I contribute to my 401k, etc. I feel awkward lying, so it will probably get round I save a freakish amount (from their perspective). I don't volunteer information about my future plans but since I'm quite friendly with some of my colleagues I would feel awkward disguising my lifestyle. Thoughts? +I really don’t know what happened to this sub. Granted when I was posting in 2017 we only had 20,000 subscribers and now we have 200,000 so it must be a different community. Technical analysis isn’t a guarantee of anything. When we make predictions we are only going by what the statistical data is showing us. Sometimes it’s accurate, sometimes its not. But what we often see is that the dates typically reflect a major key moment in price. + +As you may know I predicted a date of April 24th and since my posting we went to 135 to 185 but on April 25 we had the tether fiasco become public and that caused everything to go down (we also saw that before it was public there was major evidence of whales cashing out, the evidence was heavy selling spikes for no apparent reason within hours of it going public) + +Technical Analysis can’t predict news events or lawsuits. These are the risks we assume when we do technical analysis. I did try to warn everyone that the golden cross for ETH hasn’t happened yet (and as of day it still hasn’t happened). When tether fully recovered yesterday is when all the coins just spiked up, and I tweeted yesterday that this would happen. I’m sorry I was a couple of weeks off on my prediction but receiving all the hate really is discouraging to people doing technical analysis and myself. As for my discord channel I have left it free. +Hi AusFinance, + +Looking to fix my home loan for 3 years. I have 100k in emergency money. Should I keep 100k of my loan as variable so I can use my emergency money to offset the interest? + +I am reluctant to do offset because this is emergency money so it is risky not touch it for 3 years. However, I also don’t know how to invest this 100k such that I can make up for the interest lost for not offsetting my loan. Thought of high interest savings account,but that gets taxed and the interest is low. + +Also, I don’t want to increase my repayment anymore so I don’t want to keep any variable loans. + +Am I being dumb? Thanks if you comment. + +Edit: hurr durr sorry all brain fade - will put it in offset. The question for me now is if I split my loan into 100k variable and the rest is fixed for 3 yrs, can I refinance the variable part within the next 3 yrs to buy another house (with the equity I accumulate buy paying off principal purely)? + +Edit2: main reason I didn’t want a 100k variable was the repayment will go up with interest rise and I got worried if I cant afford the difference, but after some calculations, I realise the repayment rise will be affordable. And worst case scenario (aka EMERGENCY), I use the emergency money to just repay a chunk of the loan to reduce the repayment! Hurr durr indeed. +I am female and have an interest in all things financial. +I noted, over the years that, be it a well respected journal or a magazine or financially focused book, if the audience is female, the advice focuses on playing it safe, balancing the checkbook, no risk taking and so forth. +Whereas, if the audience is male, the advice is often to invest, play big , take risks, use credit ( which was essentially generated to help those who were not generationally rich to access funds for such things as funding a business. +Why is this ? I have my theories. +I recently met a lady who started a business. It was growing. In terms of clientele, marketing and so forth. But she had yet to break even and of course, the profitable side of it was slow but it was obvious, with the trajectory she was on, this was coming and soon. +But she balked and with advice from husband, closed up shop because she hadn't made a profit in the six MONTH that the business was trading. +Women seem terrified of credit and minor financial losses. Yet, this can be part of the ebb and flow of business. +I would love some responses from women and how they overcame this socialisation, bias or whatever label you prefer. To become successful often requires patronage , which is also difficult for women to obtain. Often our legitimate products are laughed at and yet, they do well. I can think of three women, one personally known to me, who failed to get credit , even with a stellar plan and some funding and who went on to launch and maintain a very successful product. +There's a lot of misunderstanding surrounding the fed's recent overnight reverse repo (RRP) binge. For example, [this post](https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/) with 20k+ upvotes, goes on to say: + +>In fact, in two days the Federal Reserve "lent" about 400 billion dollars to interest-free banks against collateral whose real mark-to-market seems to be implicitly priced in the crashes in progress. Translated further, **someone in the last 48 hours had to cover something.** + +&#x200B; + +Or [this post](https://www.reddit.com/r/Superstonk/comments/nbg01m/regarding_recent_rumors_about_fed_bailing_out_hfs/) with 10k+ upvotes implying that the fed has been recently giving money to hedge funds (in light of the recent news ie reverse repos). Come on apes 🦧. WE NEED TO DO OUR RESEARCH. Both of these posts got reverse repos wrong AND made it to the front page. We're a smart collective, but sometimes hype gets the best of us. Let's all do our best to be as informed as possible. + +Also, I hope I'm not coming off too harsh or seen as "bashing" on the above posts. I applaud all apes who try and do their own research! That's half the battle and the reason we've even gotten to this point. Keep researching apes. + +&#x200B; + +Apes, the fed **IS NOT** "injecting" cash into the system with RRPs. That's just not what RRPs are for. In fact, they're doing the exact opposite. RRPs are when the counterparty buys securities from the fed. RPs (repos) on the other hand, are when the fed buys up some counterparties shitty securities, thus injecting cash into the system. Here's some definitions taken from investopedia: + +* **Repo Agreement:** A repurchase agreement (repo) is a form of short-term borrowing for dealers in government securities. In the case of a repo, a dealer sells government securities to investor, usually on an overnight basis, and buys them back the following day at a slightly higher price. +* **Reverse Repo Agreement:** A reverse repurchase agreement, or "reverse repo", is the purchase of securities with the agreement to sell them at a higher price at a specific future date. + +&#x200B; + +# So... what's up with the fed and all these RRPs lately? + +[Hundreds of BILLIONS in RRPs by the FED https:\/\/fred.stlouisfed.org\/series\/RRPONTSYD](https://preview.redd.it/5vx3mdnxlzy61.png?width=1751&format=png&auto=webp&s=deb180b62e18de3b151089e5e53eb3a28b96f31c) + +Well first, we have to know what the fed uses overnight RRPs for. In short the fed uses overnight RRPs to control short term interest rates. The idea is that the lenders will never lend money at anything below the RRP "rate/award" (what the fed gives to the counterparty for buying securities from them). If I set that award at 2%, then lenders have no incentive to loan their money out at 1%, because they can always make more money by just giving cash to the fed. So the fed is effectively setting a floor on short term interest rates. + +&#x200B; + +# BUT, the RRP rate is 0%!!! + +[A lucrative $0.00 Award 💰](https://preview.redd.it/u9u1ll08mzy61.png?width=1103&format=png&auto=webp&s=12d998cdd37aaef026726f86641b9b5c2d6b79ae) + +Good. fucking. catch. Apes. Why the fuck would I give my money to the fed if I'm not getting anything back? MAYBE it's cause they need those securities (bonds) because they've shorted the fuck out of them (a la [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) DD). In what other scenario would I part with my sweet sweet tendies for less liquid securities and NO REWARD unless I REALLY need those securities. Oh wait, isn't there an upcoming liquidity test today? + +0% combined with all this volume is the single most perplexing thing in all of this, but maybe I'm misinterpreting something here? Would love to get some more wrinkle brains in on this. If you apes have any other theories, please post them! + +&#x200B; + +TL;DR: RRPs are not for giving cash to financial institutions, but these financial institutions are desperate for these securities. Hedgies are still fucked. Shorts WILL cover. 🚀🚀🚀🚀🚀🦧🦧🦧 + +&#x200B; + +Disclaimer: I posted a slightly different version of this earlier, but am reposting for visibility because I think it's important we get our facts straight! I really believe in this sub and want to see it continue to thrive, but we need to make sure the quality of our information is there. +Personally, I think this is a nothingburger. From what I can see, the most likely outcome is settlement, which will make investors happy. + +&#x200B; + +[https://www.cnbc.com/2020/12/02/us-states-plan-to-sue-facebook-next-week-sources-say.html?source=content\_type%3Areact%7Cfirst\_level\_url%3Anews%7Csection%3Amain\_content%7Cbutton%3Abody\_link](https://www.cnbc.com/2020/12/02/us-states-plan-to-sue-facebook-next-week-sources-say.html?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link) +So at my high school we write letter to ourselfs as freshman and we get to read them the day we graduate. And we are allowed to put things in the envelope along with our letter. So I thought I'd have some fun and put $1 worth of bitcoin in along with $1 USD. Let's see what's worth more when I open it. + +I hope you guys don't mind me posting this here. I though it was kinda cool. + +Note to self: do not post on reddit right before going to school. You will be swapped with comments. +That this unregulated market can be completely manipulated all the way to the top...and that perhaps market cap is a very poor measure to compare coins because of this. + +Verge completely fails at what it is supposed to be, a privacy coin. Yet it is sitting on the cusp of becoming a top 10 currency based on market cap. But here’s the thing. No one...and I mean no one that actually cares about privacy would use this coin. + +So what is happening? I think that we have coordinated collusion amongst a few big players trading this worthless coin back and forth driving the price up. And when it is time for them to sell, they will make some money...but nowhere near what the market cap stands at now. Because the truth is no one actually wants this coin for any kind of long term prospects because it is fundamentally a complete failure. + +I’m not sure what the solution to any of this is, but it seems like the more of this kind of stuff happens, the more coins Macafee pumps, the more people collude...the faster we will become a regulated market...and at this point I would almost welcome regulations. +It's my understanding that, in the 80's, the United States changed what how it measures unemployment. Afterwords, the rate appeared smaller because of these adjustments. + +I am under the impression that the US tries to EXCLUDE as many people in the labor force as possible, while many other first world nations try to INCLUDE as many people as possible in their labor force. + +Does anyone know if there's any merit to this? If so, does anyone know what they true comparison of US unemployment to other First world nation unemployment rates? + +Edit: Thanks for all the responses, everyone! +So I'm trying to get a savings budget going for a 6 month goal and decided to figure out how much cash I actually bring home every week after factoring the most basic of costs: Check deductions and the cost to commute. Factoring those two thing my hourly is less than 50% of the salary I keep telling myself I make. I figured I'd be shattering my own illusion. Turns out I keep thinking I make twice the amount I actually bring home. If I factor in my necessary living expenses like rent and a food it's even more depressing. At $7 a day for food and my weekly rent it leaves me bringing home less than $7 a hour. Might be why its so damn hard to save thus far. Depressing. +I am comparing FEDEX to UPS. UPS earnings came out a few weeks ago and the stock is up $40 since. FEDEX (also in the delivery business) earnings come out September 15. Would it be fair to expect a similar result from FedEx when they report their numbers in 2 weeks? +I heard that trials are going on now and experts are recommending covid vaccine boosters for older people or some people soon. So if we expect some kind of vaccine booster do you think that will skyrocket the stocks or crash the market? or is it priced in? + +reasons for skyrocket: + +it means that the vaccines still work for the most part and this is the way, instead of shutdowns and job losses and too much social distancing, the vaccine will be free and all we have to do is we export less, but still have enough production. + +reasons for crash: + +it means that they think the pandemic will go on longer than expected, and much of 3rd world countries still not close to vaccinated, they will have to delay some shipments to those countries. also it can make some people refuse to take the boosters. + +reasons it will be priced in: + +this is because i think it depends on how urgent they think it is. if they expand approval for 12 yr old and under first i think its just priced in because we know its going to be around that time anyway. also i think most people only care about the fed, the congress, thats why it's priced in. + +what do u think is most likely scenario?? +There's a lot of talk of a bubble or crash. Much of this conversation focuses on valuation. While important, high valuations are a necessary but not sufficient conditions for a bubble. Said another way, high valuations are one side effect of a complex disease. We can't diagnosis or understand the severity of the disease without knowing more. Here's a list of other important bubble related issues. What do you think? What did I miss? Do you think we're in a bubble? + +* Animal Spirits matter and they're the hardest to measure. Especially since we're all biased. I'm a pessimist when it comes to the market I tacitlly believe people think like me. When I see these valuations, my first thought is BUBBLE. Remember, there's alot of optimists out there thinking FREE MONEY. Know which you are, correct your view and try to be objective. Also know that optimists will turn into pessimists (vice versa), but it takes time/data to change someone's mind. +* No binary thinking. Nothing in the world is black or white; the market is not up or down. I see a lot of comparison to the dot com bubble. No one seems to bring up the fact that prices climbed and then hung at or around record highs for the better part of a year. Yes we're probably in a bubble, but its reasonable to think we'll hang here for a while. The upcoming year has brighter prospects than the previous one. +* Most times there isn't a catalyst for a crash, even in hindsight. Don't drive yourself crazy looking for one. +* Know the story. While it's true it's hard to find the catalyst, know the story of your potential bubble. IMO, it's interest rates in our current case. COVID caused many people to look to the future and writeoff the present. They were enabled by low interest rates. Investors funneled into future looking companies which, by definition, were less harmed by COVID and relatively more attractive in a low rate environment. We all must watch the rates and the yield curve. This may not be the catalyst, i.e. not likely to have one large rate increase/yield curve steepening that will crash the market. But inflation will grow, rates will grow slowly and then eventually, the story may unwind. + +A lot of my thoughts stem from Robert Shiller's work. He's got great short books on these subjects. Recommend Animal Spirits to start. + +Finally, stay sane and solvent. If you're going short, use options ... When you buy a put you at least have defined risk bounds ... Same is not automatically true for shorting. +[http://www.crainsnewyork.com/article/20180726/REAL\_ESTATE/180729924/housing-market-may-be-headed-for-its-worst-slowdown-in-years](http://www.crainsnewyork.com/article/20180726/REAL_ESTATE/180729924/housing-market-may-be-headed-for-its-worst-slowdown-in-years) +So I got a 200k buyout at work that had to go into an IRA. I bought 5600 of BAC at $36.65 last week. Sold 56 weekly CC and made $3k in a few rinse and repeats. Only 1 problem I’m down over 20k in the stock. While I believe in the company overall, I’m starting to lose a little sleep thinking about worst case “Lehman Bros.—2008” scenarios. I know the oracle of Omaha believes in BAC but we have different financial metrics to say the least. Should I keep doing CC’s hoping the stock recovers? Or take my loss and switch to an index where 1 bad CEO or CFO doesnt have the power to send me dumpster diving? +What stock would you buy 100 or more of to start selling cc? I’m moving ~10k into my account and I’m curious what would be a good starting point for someone who hasn’t sold cc or csp before +I can't quite figure out the math of closing an option trade at 50% in the situation where the stock is falling consistently. I want to ensure I fully understand the scenario so I can add it to my gameplan when it comes up again. + +Let's take PLTR as an example. On 3/18 I STO a $25.5c 4/30 for $2.30. $25.5 is above my cost basis. I am nearing 50% profit on this trade already. However, if I were to roll this out, I would need to roll it to 5/21 which is a solid 60 DTE. I usually do 30-45 DTE for the faster turn-around. + +At this time, I do not see any events driving the price up much over the next 2-3 weeks. + +Normally, I setup a BTC at 50% when I STO a CC. + +However, I'm struggling to figure out how this benefits me in this scenario where I don't see the price going up soon and the next expiration date is 60 days away. + +In this situation, is it more profitable to let the CC play out to 70%-80% or to simply close it out now? If I close out now, I'd like sit on this stock and not sell a CC right now because it's on a downtrend. +Guten Morgen to this global band of Apes! 👋🦍 + +To be candid, my friends, when GameStop announced their partnership with Immutable X, I didn't immediately register that as a strong partnership. I had only vaguely heard of Immutable X, and was not expecting an announcement of anything other than a partnership with Loopring, since there have been so many indications of tight collaboration between those two companies. However, the more I have watched interviews and read about what Immutable X has done in the NFT space to date, the more excited I am about this partnership. It is clear that GameStop chose a partner who is passionate about the potential that NFTs unlock for consumers and creators, and their commitment to operating in a sustainable way alleviates the concerns that has shut down many forays into NFTs in recent months. The sheer *passion* that they bring to this partnership demonstrates that they are excited about this future, and I'm sure the same *passion* exists on the GameStop side of this deal. + +Meanwhile, we haven't yet heard anything about the Loopring partnership, other than continued indications that there is *something* brewing between the two companies, and it's going to be big. I cannot wait to see what it is, and to be so heavily invested in a company that is on the ground floor of bringing easy and useful NFTs to the masses. Looking back, I think that I'm going to look back on the past week as the first moment I recognized the potential of the NFT marketplace and the role that GameStop is positioning itself in. I can see how Ryan Cohen has attracted such a strong team of true believers. + +Today is Tuesday, February 8th, 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: **$102.71 / 89,72 €** *(volume: 429)* +- 🟥 115 minutes in: $102.57 / 89,60 € *(volume: 409)* +- 🟥 110 minutes in: $102.60 / 89,63 € *(volume: 361)* +- 🟥 105 minutes in: $102.62 / 89,65 € *(volume: 328)* +- 🟩 100 minutes in: $102.69 / 89,71 € *(volume: 323)* +- 🟩 95 minutes in: $102.67 / 89,69 € *(volume: 304)* +- 🟩 90 minutes in: $102.62 / 89,65 € *(volume: 304)* +- 🟩 85 minutes in: $102.61 / 89,64 € *(volume: 297)* +- ⬜ 80 minutes in: $102.58 / 89,61 € *(volume: 296)* +- 🟥 75 minutes in: $102.58 / 89,61 € *(volume: 273)* +- 🟩 70 minutes in: $102.62 / 89,65 € *(volume: 273)* +- 🟥 65 minutes in: $102.50 / 89,55 € *(volume: 267)* +- 🟥 60 minutes in: $102.58 / 89,61 € *(volume: 259)* +- 🟩 55 minutes in: $102.61 / 89,64 € *(volume: 256)* +- 🟥 50 minutes in: $102.56 / 89,59 € *(volume: 220)* +- 🟥 45 minutes in: $102.59 / 89,62 € *(volume: 193)* +- 🟥 40 minutes in: $102.66 / 89,68 € *(volume: 192)* +- 🟩 35 minutes in: $102.69 / 89,71 € *(volume: 134)* +- 🟥 30 minutes in: $102.62 / 89,65 € *(volume: 129)* +- 🟥 25 minutes in: $102.71 / 89,72 € *(volume: 85)* +- 🟩 20 minutes in: $102.73 / 89,74 € *(volume: 80)* +- 🟩 15 minutes in: $102.70 / 89,72 € *(volume: 60)* +- 🟩 10 minutes in: $102.51 / 89,55 € *(volume: 59)* +- 🟥 5 minutes in: $102.45 / 89,50 € *(volume: 47)* +- 🟩 0 minutes in: $102.48 / 89,53 € *(volume: 44)* +- ⬜ US close price: $102.34 / 89,40 € *($101.76 / 88,90 € 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 1.1447. 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! +Guten Morgen to this global band of Apes! 👋🦍 + +To be candid, my friends, when GameStop announced their partnership with Immutable X, I didn't immediately register that as a strong partnership. I had only vaguely heard of Immutable X, and was not expecting an announcement of anything other than a partnership with Loopring, since there have been so many indications of tight collaboration between those two companies. However, the more I have watched interviews and read about what Immutable X has done in the NFT space to date, the more excited I am about this partnership. It is clear that GameStop chose a partner who is passionate about the potential that NFTs unlock for consumers and creators, and their commitment to operating in a sustainable way alleviates the concerns that has shut down many forays into NFTs in recent months. The sheer *passion* that they bring to this partnership demonstrates that they are excited about this future, and I'm sure the same *passion* exists on the GameStop side of this deal. + +Meanwhile, we haven't yet heard anything about the Loopring partnership, other than continued indications that there is *something* brewing between the two companies, and it's going to be big. I cannot wait to see what it is, and to be so heavily invested in a company that is on the ground floor of bringing easy and useful NFTs to the masses. Looking back, I think that I'm going to look back on the past week as the first moment I recognized the potential of the NFT marketplace and the role that GameStop is positioning itself in. I can see how Ryan Cohen has attracted such a strong team of true believers. + +Today is Tuesday, February 8th, 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: **$102.71 / 89,72 €** *(volume: 429)* +- 🟥 115 minutes in: $102.57 / 89,60 € *(volume: 409)* +- 🟥 110 minutes in: $102.60 / 89,63 € *(volume: 361)* +- 🟥 105 minutes in: $102.62 / 89,65 € *(volume: 328)* +- 🟩 100 minutes in: $102.69 / 89,71 € *(volume: 323)* +- 🟩 95 minutes in: $102.67 / 89,69 € *(volume: 304)* +- 🟩 90 minutes in: $102.62 / 89,65 € *(volume: 304)* +- 🟩 85 minutes in: $102.61 / 89,64 € *(volume: 297)* +- ⬜ 80 minutes in: $102.58 / 89,61 € *(volume: 296)* +- 🟥 75 minutes in: $102.58 / 89,61 € *(volume: 273)* +- 🟩 70 minutes in: $102.62 / 89,65 € *(volume: 273)* +- 🟥 65 minutes in: $102.50 / 89,55 € *(volume: 267)* +- 🟥 60 minutes in: $102.58 / 89,61 € *(volume: 259)* +- 🟩 55 minutes in: $102.61 / 89,64 € *(volume: 256)* +- 🟥 50 minutes in: $102.56 / 89,59 € *(volume: 220)* +- 🟥 45 minutes in: $102.59 / 89,62 € *(volume: 193)* +- 🟥 40 minutes in: $102.66 / 89,68 € *(volume: 192)* +- 🟩 35 minutes in: $102.69 / 89,71 € *(volume: 134)* +- 🟥 30 minutes in: $102.62 / 89,65 € *(volume: 129)* +- 🟥 25 minutes in: $102.71 / 89,72 € *(volume: 85)* +- 🟩 20 minutes in: $102.73 / 89,74 € *(volume: 80)* +- 🟩 15 minutes in: $102.70 / 89,72 € *(volume: 60)* +- 🟩 10 minutes in: $102.51 / 89,55 € *(volume: 59)* +- 🟥 5 minutes in: $102.45 / 89,50 € *(volume: 47)* +- 🟩 0 minutes in: $102.48 / 89,53 € *(volume: 44)* +- ⬜ US close price: $102.34 / 89,40 € *($101.76 / 88,90 € 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 1.1447. 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! +School districts are always looking for subs especially now at the start of school year. Most districts have a shortage and will literally hire a warm body if you can pass a background check with fingerprinting. Some require an associate's degree but they might be willing to waive that if the need is high enough. + +The job really varies from sitting and supervising kids while they do their work, to actively playing teacher for the day. + +School district's often have multiple schools, Pre-K Head start programs, and other non-traditional learning programs that will need subs. There is also no non-compete so you could Sub in multiple school districts in your area to keep your schedule full everyday. Pay is usually a day rate rather than an hourly rate. The average from a quick Google is $117 a day. If you accept jobs everyday you can make up to $2K+/month. You can increase that with other opportunities such as after school care, teaching enrichment classes or coaching sports to increase that pay. + +I get notifications to my phone as soon as teachers place a time off request in the app. I also get texted by the administrative assistant at the schools if no one has accepted a job that's open. + + It's very flexible you can put in for time off by blocking yourself in your calendar. You can choose to take jobs or decline them. It's great for parents with kids in school, because of the hours. Also you get out at 3:00 everyday if you don't participate in an after-school program so you have room for a second job or anything else you need to do. You can keep subbing going for income while you job search. + +If you are friendly and somewhat assertive, you can often network with staff to get better assignments. If you think you would enjoy teaching but can't get a master's degree and a teaching certificate right now, subbing is a great way to get in a school and take advantage of any opportunities that open up such as paraprofessional jobs or jobs that need emergency hiring and are willing to waive requirements. It can help you get your foot in the backdoor so to speak. AMA if you have more questions. I'll answer from my experience. + +Edit: Teachers have one of the hardest most thankless jobs with the least compensation and appreciation. Teachers work long hours after they teach a full day, doing grading, reporting, assessments, and so much more. I can say without a doubt that you guys take such a beating and keep doing the best for these kids and you deserve all the praise and compensation and support that schools do not supply. I truly appreciate your sacrifice. HOWEVER subbing has very few of the duties and none of the accountability teachers face. I do the best I can because I care and enjoy it, but have seen others do far less than I do and truly the expectations of the job are low. + +Edit 2: This is not a lucrative job. There are lots of good aspects of this job,mainly the flexibility, the hours, and ease of getting hired and few responsibilities. High pay is not one of them. +Feeling slightly dejected after getting rejected for a graduate job I had my heart set on, and for now am in a job unrelated to my degree that doesn't have amazing pay ( $60k) in a non major city. + +I was wondering if people who had experience perhaps not breaking into a field or job they are happy with straight out the gate advanced their career, and in what timeframe. + +Also open to timelines generally as im curious. + +Apologies for the lack of hard hitting finance chat +Sorry turned out longer than expected. Thanks to those that read but title is a tldr. + +Last year, like many here has been a unique year. It was the most financially successful year of my life by far. We were already on a solid path to I think a good fat fire. Early 30s with high income (300-500k) and successful investments that entered 2020 well off with various assets and in the neighborhood of approaching 1m NW. + +The year was wild. We solidly crossed the 1M liquid net worth number soon after the crash, then hit 2M in the same year and this year expect to make over 8 figures. Taxes are rough but imagine we’ll be at something like 10m NW within a year. That’s a crazy run. From dreaming of entering the 1M club to expecting to be in the 10M club in 12 months. + +I’ve been super into this subreddit and appreciate all the posts about people making it and not knowing how to feel or asking what to do. I grew up pretty poor so have built my own relationship with money. I know we’re incredibly lucky but the money in no way has brought me peace like some others have said. I haven’t seen others describe it the way I’ve experienced it. + +It feels like every other pivotal moment in my life, it’s opportunity and a new puzzle. My mind is wired toward optimization and conquering opportunity. Money is of course freedom, but it was never my goal - impact and growth was. So now I see this windfall as opportunity and it’s the biggest opportunity I’ve ever had to tackle, so my mind is in overdrive. What do I do with my time and money now that the inputs to that question are different than they’ve ever been? + +I’m pursuing growing a reputation as an investor, getting chosen for board seats, and finding nonprofit impact... all while continuing to do well in my day job that got me here. I toy with retiring constantly even though I have no real need. I love my job, my hours are reasonable, and I make good money. Others talk about being burned out from work then FatFIREing. I’m not burned out from work (ok maybe a little), but definitely am overwhelmed from the opportunity and magnitude of living this new reality. + +Not sure if others started sleeping like a baby when they hit financial independence. But I can’t imagine what that’s like. I’m exhausted to be honest. How do you not constantly think about a newly minted $5m tax bill and constantly think how to reduce it... then acknowledge you should pay your fair share or that there’s no way around it (I have an excellent CPA). How do you not know you are FI and dream of crazy travel adventures or a dream house that is now within your cash budget but feels ostentatious? How do you constantly question what is enough because it’s not as simple as retiring when your entire being is wired for impact and growth. + +I’m not specifically asking what the right move to make with the money or time is. Those questions are asked constantly. I’m asking how others have experienced this mentally and if I’m alone? Money hasn’t brought me peace because it’s not the way I’m wired. I’m thrilled and happy but the money seems like every promotion or opportunity I’ve ever gotten, it kicks my mind into overdrive to succeed and take it to the next level. Not about making more money, but about influence, societal impact, fun adventures, and lifestyle that is all now just another optimization problem. + +Thanks for reading if you did. The other tough thing about this is how few ppl I can talk to about this (where similarly I’m wired to talk through every problem and solve it collaboratively). We’re not showy with our success but while others probably can guess, it’s not a topic I’d discuss openly with friends so coming to anonymous internet strangers :). Welcome the discussion! +Not strict to FatFire but this is the only place I think this makes sense. + +Those that have hired Executive Coaches to help them on their way to senior leadership and C suite. What did you looked for, what worked what didn't? Was it worth the cost? +This is not to police or criticize anyone's posts. I see a fair number of posts that are specific to folks with money but not necessarily FIRE ("what is the best quality X money can buy" type of posts). Nothing wrong with that but not very fire related. Is there a better sub for this or perhaps someone is interested in creating one (I can't - I'm a cheapskate)? +That's it pretty much. Just that the US is sliding backwards. I feel lucky to have a fucking tub and water at this point. + +At least it's better for the environment, especially when you reuse the water that you used to shower with. +***EDIT: DICE Tokens are now transferable and available on [EtherDelta](https://etherdelta.github.io/#DICE-ETH) exchange*** + +Hello World! + +Following on from the success of our crowdfund (which raised 18,945 ether for the house bankroll) and the recent soft-launch of our [Ethereum dice game](https://etheroll.com/), we are very pleased to announce that our ÐICE tokens become available for trading on [EtherDelta](https://etherdelta.github.io/#DICE-ETH) exchange May 15th from 0900 UTC. + +**What is Etheroll?** +Our Ethereum dice game is provably-fair, has a low 1% house edge and no sign-ups or deposits. Each dice roll is provably random and crypto-graphically secure thanks to the nature of the Ethereum blockchain. Players can set their own odds using our unique web-based UI. *A world first for Ethereum!* + +In the few weeks since our soft-launch, we have seen players wager up to 108 ether on one roll of the dice. Check out some of the other large wagers [here](https://etherscan.io/txs?a=0x8f3d6447a647ecf3c185ecbb165d2e6c41fad547&sort=value&order=desc) (current live contract) and [here](https://etherscan.io/txs?a=0xfaf4a5fbf621b049215c19a73babd0b94fd9155f&sort=value&order=desc) (discontinued contract). + +We are currently in the process of ramping up into full production. We [recently] (https://etheroll.wordpress.com/2017/05/13/we-have-just-increased-the-bankroll-by-1000-ether/) raised our bankroll by 1000 ether, ~1/18th of our total bankroll. Bankroll increases will follow in a gradual order. You can read more on our development focuses in our 3-6 month development road-map [here](https://etheroll.wordpress.com/2017/05/08/3-6-month-development-roadmap-week-2-soft-launch-review/). + +**What is ÐICE?** +We are inviting you to bet on the house. Our [ÐICE token](https://etherscan.io/token/0x2e071D2966Aa7D8dECB1005885bA1977D6038A65) is an ERC-20 standards-compliant token, and a default token within MyEtherWallet and Parity. +ÐICE grants its holders special rights and privileges within the Etheroll platform; including the right to profit your proportional share of the house bankroll generates via our dice game with its built-in 1% house edge. For example, if you own 10% of all tokens, you have rights to 10% of the profit the bankroll generates, every 12 weeks. + +**Each ÐICE token grants its owner the following rights and has the following benefits:** + +* Direct earnings - Proportional to the number of tokens they hold. *Our valued token holders as a collective receive 100% of the profits generated by the house every 12 weeks*. House profits are generated via the 1% house-edge. Tokens holders are exposed to each roll of the dice with the advantage of the 1% house-edge always being in their favor. +* A fixed total supply of 7,001,622.64 ÐICE, there will never be another mintage. + +**ÐICE Properties:** + +* Name: DICE +* Decimals: 16 +* Address: 0x2e071D2966Aa7D8dECB1005885bA1977D6038A65 + +[Learn more about ÐICE here](https://etheroll.com/#tab5). + +**Etheroll ÐICE Tokens Unlocked May 15 on EtherDelta Exchange** +ÐICE tokens are unlocked May 15th at 0900 UTC and will be available from this date forward on EtherDelta exchange. If you missed out on our crowdfund in February you can load up on ÐICE tokens from May 15th on the completely de-centralized [EtherDelta](https://etherdelta.github.io/#DICE-ETH) exchange. You can learn more about the benefits of our DICE token by visiting [etheroll.com](https://etheroll.com/#tab5) today. + +**Trading ÐICE on EtherDelta** +Instructions on how to trade on EtherDelta exchange are posted to their [website](https://etherdelta.github.io/#DICE-ETH). Using the top menu, select 'Help'. From here, you can read the guides, or watch the screen-casts. For support, open the chat in the bottom right corner. + +To interact with EtherDelta, you will need to use the Google Chrome Metamask extension. Metamask is available at [https://metamask.io/](https://metamask.io/). *You can not use Mist to trade on EtherDelta*. To create a sell order of ÐICE on EtherDelta, you will first need to send ÐICE tokens to your Metamask wallet and then deposit ÐICE into EtherDelta. Follow the guides available on their website for further details on how to achieve this. You can find this information under the ‘Help’ menu. + +To buy ÐICE tokens, you will need to first deposit ether into EtheDelta exchange and then create a buy order. Follow the guides available on their website for further details on how to achieve this. You can find this information under the ‘Help’ menu. + +**Development Roadmap + Security Audits:** + +* [3-6 month development roadmap](https://etheroll.wordpress.com/2017/05/08/3-6-month-development-roadmap-week-2-soft-launch-review/) +* [3rd party independent security audits](https://etheroll.wordpress.com/2017/04/13/development-update-security-audit-results-live-deployment/) for our game completed by Piper Merriam (ENS auditor), early 2017 +* [3rd party independent security audits](https://etheroll.wordpress.com/2017/01/28/today-we-are-proud-to-publish-the-results-of-our-3rd-party-security-audit/) for our crowdfund + token completed by Piper Merriam, early 2017 + +**Recent Etheroll Numbers** (~3 weeks soft-launch with zero publicity): + +* Total wagered since soft-launch (at time of writing): 9500+ ether +* Total games (at time of writing): 4900 (+4000 in our week 1 soft-launch - discontinued smart-contract) +* Largest wager: [108 ether](https://etherscan.io/txs?a=0x8f3d6447a647ecf3c185ecbb165d2e6c41fad547&sort=value&order=desc) + +**Some Interesting Crypto Gambling Numbers** +With a market cap of ~$29 billion USD, [1] it is estimated that 50-60% of all transactions relate to online gambling. [2] In the past year, BTC casino revenue was 3,173,833 BTC with a profit of 15,173.6 BTC. In the same period, 20.83 billion bets have been placed across Bitcoin casinos. [3] + +**More Information:** + +* Live game available at [etheroll.com](https://etheroll.com) (requires Mist browser) +* [Game demo](https://www.youtube.com/watch?v=8moxZOwd39M) +* [Whitepaper](http://crowdfund.etheroll.com/etheroll-whitepaper.pdf) +* [Blog](https://etheroll.wordpress.com/) +* [r/etheroll](https://www.reddit.com/r/etheroll/) +* [Twitter](https://twitter.com/etheroll) +* [Original crowdfund details (now closed!)](http://crowdfund.etheroll.com/) + +**Disclaimer** + +Please be sure to read our risks document available [here](https://etheroll.com/risks.pdf)(PDF). + +*ÐICE tokens are available for trading May 15th from 0900 UTC on [EtherDelta](https://etherdelta.github.io/#DICE-ETH) exchange. You can learn more about the benefits of ÐICE tokens by visiting [etheroll.com](https://etheroll.com/#tab5) today*. + + +[1] Source: https://blockchain.info/charts/market-cap +[2] Source: http://lsvp.com/2013/08/23/at-least-half-of-all-bitcoin-transactions-are-for-online-gambling/ +[3] Source: https://thebitcoinstrip.com/stats/2015-01-02-to-2016-12-25 + +I feel this is the short term price correction we have been waiting for, judging from past weeks whenever we hit a new high and it sells off rapidly we usually see another spike overnight when our friend "CHINA" sees what we have done. Any thoughts? +I do not work in finance and have some pretty basic excel skills. When we got married I decided it would be neat to see just how we were doing every month. So... I've been tracking my net worth for seven years and while monthly gains are often unnoticeable - it is obvious what is happening when I look at the corresponding graph. + +My spreadsheet (linked picture - not actual sheet) shows percentage assets in everything from liquid assets (24%) to my kid's education fund (1.9%). My favorite part is seeing the debt line go down. + +My suggestion to others is - if you are having trouble picturing where you want to be (or where you've been) make a graph. It keeps me on my toes to maintain my investments and shows me how paying off debts really helps the "familial bottom line." Keep chugging along - and invest your money - most of my gains have been in the market. Every little bit helps in the long run! + +I am more than open to suggestions on how to make this better! Enjoy! + +Graph:http://imgur.com/a/rylVT + +Monthly Spreadsheet: http://imgur.com/a/fkwuE + +edit. Since a few have asked - we don't have a budget. We just spend what we have and have our bills/savings taken out automatically. Could we do better? Yes - but I think we've been doing okay as is so I don't have a strong desires to change anything. + +edit 2 - I've been asked by reddit mods not to share my spreadsheet due to security risks, both for myself and reddit. thanks for understanding! +3 month moratorium was also highly debated but given that we were just getting started with COVID19 it was understandable. However now its not reasonable at all to offer another 3 months of no repayment, with no option for banks to classify it as NPA, and ratings agency cannot consider this in their ratings. + +Extension of moratorium removes all visibility from loan book/ NPA. Those who have not paid for 6 months will be looking to not pay at all! Just look at the [job loss and business destruction numbers](https://pbs.twimg.com/media/EYnrZmtWoAANWs2.jpg) - it is not pretty at all. Till the end of September, we wont know the actual impact of COVID19 on bank asset quality. + +Now if there is a wave 2 of COVID19 as many expect, and the situation in September is much worse than today with 10,000 cases a day and many more deaths, then will another moratorium be offered? + + +Coming to the customers - many of them think its sort of waiver of loans, when it is anything but! There is significant lack of understanding among middle/lower income sections and given that farm loan waivers are common in the country, many are now considering their loans as waived off. However the moratorium only imposes more stress on them - at a later date. The entire EMI for 6 months get added to the loan balance and interest is now payable on that too. So customers have to pay a higher amount eventually. + +A wiser move would have been an Interest rate waiver, but of course the government cannot afford that. Hence it must have kept shut instead of kicking the can down to unseen territory. + +RBI says its move is meant to boost economic growth. How will economy grow by destroying the banks? + +I hope for the economy's sake the banks challenge this in court. +I just wanted to know how do you organise your documents and records, so that you guys can quickly look something up or want to perform some calculations or want to file your tax returns. + +For example, +Documents stored in cloud sorted by categories or something? +Information stored in spreadsheets in any certain manner? +Hi Folks, I’m looking to do a large currency transfer (a few hundred K) from CAD to GBP over the next few months. I’m aware of TransferWise for smaller scale transactions (a few 10s K at a time) and have been using this for a while. Can anyone comment on what level of transaction warrants using a specialist currency broker? Or are the new fintech apps like TransferWise always the best way to go? +As the title says, I’ve been offered a job for £54k with the employer offering 14% pension contribution. Meanwhile I have another offer for £60k with that employer offering 6%. + +Going forwards I want to aim to contribute around 16% total into my pension so was wondering which offer is the better one out of the two. I’m leading towards the 60k offer, this is also actually from my current employer and this is what they offer to counter my new offer elsewhere. + +Any advice would be appreciated. +My partner and I just closed on our forever home - a $700k 5 bd 3400 square feet house in our desired location in NC. We put 20% down but still paid a bit more than expected due to the high demand in our area. + +Our financials.. + +We make $180k pre tax and have no debt aside from mortgage. We are very behind in retirement and are aware of this (in early 30s). Have about $10k combined in a 401k. We have $10k in sinking funds and $60k in our emergency fund. + +Monthly income: $9600 net + +Mortgage: $3100 + +Utilities/internet: $400 + +Cell phone: $100 + +Subscriptions: $40 + +Groceries/take out: $550 + +Gas: $150 + +Car insurance: $150 + +Pet: $100 + +Sinking funds (travel, beauty, etc): $800 + +We will have about $4200 leftover a month after expenses. Planning on maxing our IRAs and my 401k from now on. We like to think our house payment is reasonable however our coworkers and family members are saying we are "house poor" and if either one of us were to be jobless, we are screwed. We also would like to start trying for a kid in 5 years. I like to think our jobs are stable (healthcare) but I'm feeling much more anxious about our new home now. We are hoping to increase our combined income to 200k by next year but is our situation as bad as everyone is making it sound out to be? +I'm a dish washer at a local cafe as well as a part-time nanny, and she is the GM of a local coffees chain. Her company was in the slow process of closing, but the virus outbreak causing schools to close was the deathblow. She made 7/8 of the family's income. To make everything more complicated daycares closed for three weeks. + +We are absolutely screwed. Is anyone else in the lower-income bracket here dealing with this? + +We worked so hard last year to pay off debt. We did everything we were supposed to - hell, we even lived in a van while working multiple jobs and budgeting to climb out of a hold. Now it feels like we're getting thrown right back in + +Edit: I'm in the USA, Colorado. We've been strictly budgeting for 2 years. We originally got into debt because 1) my wife lost her insurance mid-pregnancy and 2) she got sick when my little one was only a few months old and we had to live off of credit cards to buy groceries. I used to work 3 jobs, but cut back since I'm in school part-time with an aim to become an engineer. +Edit: Seeing the responses has made me realize this post was a major mistake as everyone is either too deadset on seeing things from a value investing perspective or genuinely believes these concepts to not be relevant to the future of humanity. We're gonna end up agreeing to disagree or the downvote mob will have me hung. So to clarify: + +* Warren Buffet - "If markets were rational I'd be a bum sitting in a corner with a tin cup" + +* No, I will not be investing in VT or any index fund for that matter. I'm prioritizing exposure to certain industries and don't need oil and gas companies to slow down my investment. If you want to go through every post and preach about mutual funds and dividend investing, go to /r/personalfinance and don't come back. I'm sure this growth bubble will burst any day now as investors change their minds and forfeit trillions of dollars of value add in favor of returning to fundamental principles. As much as I wish it would happen, it won't, and the sooner you come to terms with this the less time you'll spend getting confused by the market. + +* Yes, value investing is dead. Get over yourselves if you genuinely believe there is any attention being paid to equities for undervalued multiples. Everyone has done it and it no longer works. I do equity research for an equity fund and have spent too many hours looking for these discounted value stocks only to come up with dog shit (and by too many hours I mean well over 1500 hours across the span of 3 years using a Bloomberg Terminal). + +* Stop telling me about the risks. I understand that this is a high yield high risk portfolio and I'm willing to work with that. Not investing in VT doesn't make me an idiot. Whoever drilled it into your head that having 0% risk tolerance is the way to go about things has probably never seen a dollar in their life. The expense fees are all less than 1% but some of you are making it out to be half of my investment. + +* My portfolio is not 100% tech. Stop telling me to invest in QQQ. I'm seeking exposure to healthcare, finance, industrials and foreign markets as well, and I have gotten it. Telling me about a tech bubble doesn't scare me when its less than half of my portfolio. + +--- + +Hi all, + +The idea with this portfolio is that they are mostly actively managed and focus on goals rather then specific companies or industries. If, say, 3D modeling goes out of style in replacement of something more advanced, Ark Invest will adjust its products accordingly. Seeing how profitable each of these are it is incredibly unlikely they will be dissolved any time soon. With that in mind, these ETFs focus on many groundbreaking things that will inevitably become the cornerstones of our society by the time I retire in 2060. Currently, each of these products has outperformed the SPX thrice over with VCR having taken the lead at a 245% YTD return. CXSE takes last place with 43% return YTD but still outperforms SPX in the same time horizon. A key advantage is that this portfolio taps heavily into foreign markets and has holdings comprised of securities on the Honk Kong exchange and other foreign markets (Most notably Tencent). There is diversity found both geographically and financially. I am keeping each at a weighting between 8 and 12 percent as to not overindulge into one specific security. Given the massive share price of VCR it can be difficult at times as one share equates to 10% of my current portfolio. + + +Many of these ETFs are rebalanced quarterly and/or monthly by active managers. Vanguard's VCR fund is the only one that isn't actively managed but the inherent concept of its holdings keeps it on top. + +Some of these ETFs have overlapping securities dominating their Top 10 holdings. Given that they are primarily growth ETFs this is expected. The biggest overlaps include Tencent, Alibaba, MercadoLibre, Twitter and Tesla. + +--- + +* ARKG - ARK Genomic Revolution ETF is an actively-managed ETF that invests in companies across multiple sectors, including healthcare, information technology, materials, energy and consumer discretionary, that are relevant to genomics revolution. + +--- + +* VCR - Vanguard Consumer Discretionary ETF is an ETF that tracks the performance of the Morgan Stanley Capital International US Investable Market Consumer Discretionary Index. + +--- + +* KGRN - KraneShares MSCI China Environment Index ETF is an ETF that provides exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. + +--- + +* ONLN - ProShares Online Retail ETF is an ETF that tracks the ProShares Online Retail Index. It invests in companies that principally sell online or through other non-store sales channels, such as through mobile or app purchases, rather than through "brick and mortar" store locations. + +--- + +* EMQQ - The Emerging Markets Internet and Ecommerce ETF is an ETF that tracks the performance of the Emerging Markets Internet Index by targeting companies whose primary business is e-commerce or Internet-related activities that generate most of their revenues in emerging market countries. + +--- + +* PBD - Invesco Global Clean Energy ETF is an ETF that tracks the WilderHill New Energy Global Innovation Index which holds globally listed equity securities engaged in the business of the advancement of clean, renewable energy and conservation. The Fund uses a multi-factor screening approach & is rebalanced/reconstituted quarterly. + +--- + +* IPO - Renaissance IPO ETF is an ETF that provides investors with efficient exposure to a portfolio of newly public companies prior to their inclusion in core U.S. equity portfolios. The ETF tracks the rules-based Renaissance IPO Index designed by leading IPO research firm Renaissance Capital. + +--- + +* TAN - Invesco Solar ETF is an ETF that tracks the MAC Global Solar Energy Index which market cap weights securities in the solar energy industry including all solar technologies, the entire value chain (raw materials, manufacturing, installers, solar plant operations, financing), & related solar equipment such as power inverters/encapsulates. + +--- + +* ARKQ - ARK Autonomous Technology & Robotics ETF is an ETF comprised of companies relevant to the theme of industrial innovation. Companies are expected to focus on the development of new products and services, technological improvements, and advancements in scientific research related to multiple industries. + +--- + +* CXSE - WisdomTree China ex-State-Owned Enterprises Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to provide exposure to Chinese stocks where government ownership does not exceed 20% of outstanding shares. + +--- + +* GIGE - SoFi Gig Economy ETF is an exchange-traded fund incorporated in the USA. This ETF is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investing in a portfolio of companies listed around the world that Toroso Investments, LLC, the Fund's investment adviser, considers part of the "gig economy". +TLDR; Genetic therapy will render pharmaceuticals obsolete according to this TEDx talk. I'm about to ditch my pharma portfolio and it feels great. + +This discussion is based on the following TEDxBerlin talk: https://youtu.be/W3C23m71Yws + +According to the speaker (a pharmaceutical scientist as I've understood it), the pharmaceutical approach to disease is doomed to fail within our lifetime. More or less as the result of genetic therapy taking over pharmaceutical therapy. + +The speaker bases this on the fact that only 3% of all pharmaceuticals on the market are actual cures, with the remaining 97% only treating symptoms without dealing with the underlying cause. + +This is something that I've personally been talking about for the last 10 years, with pharma professionals and doctors, and they all just accept this fact. They say there's not much we can do, but agree that it sucks that we basically have no cures. + +Since curing disease, rather than just treating the symptoms, should be the ultimate goal of life science, it is only a question of time until scientists unlock a new tool that can start curing diseases. + +Genetics have long been the main contender in this field. With the recent advancements in CRISPR/CAS9, it's for the first time very likely that genetic therapy could actually become an everyday thing. And for the first time, this will allow doctors to cure and fix the underlying cause rather than just hide the symptoms. + +Why would we need the majority of pharmaceutical products if this becomes reality? I.e., what's the role of pharmaceutical companies in the future? + +My inner voice has been telling me to move away from pharma investments and look more into biotech and genetics specifically. Until now, it's been a tough move, emotionally. But with CRISPR/CAS9 on the horizon, and the insights from the TEDx talk, I actually feel comfortable in ditching all of my pharma stocks completely. + +It's a damn good feeling. But of course, I'm open for a healthy dose of criticism. +In 2009 a family member persuaded me to get a joint mortgage with them for a buy-to-let properly. I was a teenager and stupidity agreed without much thought. The family member paid the deposit, rented the property and made mortgage payments for several years, and they profited off the rent (it exceeded the mortgage). I had nothing to do with the property other than it being jointly in my name. I saw no income from it and paid nothing towards it - frankly (and this is a bit embarrassing to admit) I forgot it even existed. + +In 2017 the family member got into financial difficulty with our joint property and several others he owned independently. By the time I realised what was going on, the mortgage defaulted. The default was registered in May 2017. + +The property was sold by the lender and I agreed a settlement with the mortgage company to pay back a small lump sum and they agreed not to pursue any further recovery actions against me. Following my payment of the settlement amount, plus the sale of the property, there is still £37k outstanding and the lender continues to chase my family member. + +I am single, renting and I have no other debt and no CCJs. I earn £50k p/a with savings of £40k. Will I be able to get a mortgage? I’m sick of renting - spending thousands of pounds each year for someone else’s benefit.  + +I suspect a lot of the advice would be to see a mortgage broker, but I guess I’m wondering if I should bother at all if the answer is likely to be no. +Vitalik has [stated](https://np.reddit.com/r/ethereum/comments/5izcf5/lets_talk_about_the_projected_coin_supply_over/dbc66rd/) that total supply is expected at around 100M. + +Having such a statement is better that not having one, but this still leaves the market hanging in the air. + +Moreover, it requires the market to rely on a *centralized* source (Vitalik).This is a misnomer in the crypto space. + +It's time to end this. +Let's bring certainty on, and strengthen ETH's decentralization. +I am new to the property game and am currently interested in a townhouse where there are a couple in the same location (all identical). The estate agent just told me that one of them sold for $X amount and that I'd most likely need to offer around that region. Just curious if the agent is telling the truth about what it sold for or is this just tactic to get me to offer more. Are they allowed to lie about the sale price? +I was emailed a couple of weeks back with a $17,000 bill that has now been elevated to ~$18k. + +Here is some backstory: +I applied to two universities, one in the U.S (Uni A) and the other abroad (Uni B); I paid for the initial deposit of both. Two weeks prior to that I received a scholarship offer from Uni B and accepted it. I emailed the University A's "apply" and "withdraw" email informing them that I won't attend. I just found out a couple of weeks ago that I was apparently never officially withdrawn and, so, they are billing me late fees, class fees, and misc. fees. + +I contacted the BURSAR and REGISTRAR office, both offered little help in resolving my issue - I even had them officiate my non-attendance. + +I gave up on them clearing the bill, so here's my question: +Will the University be able to hold me liable to this bill? I didn't attend and they don't have any official ID, credit card, bank account, or address. I'm abroad, how can I avoid this? I can't afford that $18,000 bill. + +Edit: a word. + +**Update 1** + +Below I included a portion of the itemized bill I received: + +* Art & Culture Fee +* Technology Fee +* Mental Health Fee +* Physical Health Fee +* Recreational Center Fee +* Student Insurance Gold Level Fee +* Fall Tuition Fee (~90% of the total bill) +* Overdue Bill Charges + +Note that I altered details to insure that the University remains anonymous until further notice. + +**Update 2** + +After contacting both the Registrar and Bursar, I submitted an official tuition dispute form to the Bursar. In this I included documents proving my enrollment and attendance at Uni B. I also followed up with an official letter from Uni B detailing my 100% attendance. + +I am now waiting for the committee to meet and decide the fate of my bill. + +**Update 3** + +Thanks all for the overwhelming support! + +> The University is at fault here, common practice is to wipe the student off the system if he/she doesn't present housing and doesn't attend neither attend orientation nor the first week of classes. I'd say lawyer up. + +I'd just like to mention that at this point of time I am not considering legal action. I have been in contact with the Assistant Dean of Students and she has been helpful & cooperative. However, I'm yet to be reassured that this is a mere administrative error. + +Special thanks to /u/rosythewench /u/mrozz /u/jabberwonk /u/beefstockcube for the assistance! +I know the obvious inflation hits such as house prices and energy costs have been well documented. But has there been any lesser known prices rises that has impacted you or will this year? For example, an armchair from IKEA that I've been eyeing up for a few months has gone from £179 to £199 now, just under 12% increase. +I know, I know. I love the idea of us all being some sort of hivemind Dr. Burry slowly going insane from the rampant corruption we're surrounded in, or even like Leo flinging hundred dollar bills from his brand new yacht. Realistically though we're a bunch of idiots who fell into a golden ticket and need to make it to the end of the tour without fucking it up. + +If you want some education on the MOASS, look no further than that dumb bitch that turned into a giant ass blueberry and got carted away by a group of abused midgets. If you paper hand you lose the chance of running the entire chocolate factory. + +I for one will be holding out until I can retire that psychotic, drugged up, oppressive, asshole Wanka and take over that chocolate factory. Don't be an oompaloopa song you fucking idiots. + +Also I love all of you, buy-hodl-vote. +Hi guys, I’m posting this as some food for thought and for therapy cause today was pretty rough. I set my alarm for 3:59 to pickup PHUN in the premarket. + +I have a somewhat small account and only had about 1k of settled funds to work with so I ended up with 125 shares at 5.42 and was ready for it to rip. + +I think watching DWAC yesterday gave me unreasonable expectations cause I was up over 20 and didn’t think about taking profits despite a profit of around 2500 on a 500 dollar investment. + +Next thing you know, halted down at 18.35. Whats worse is it came out of the halt around 8.50. + +It ran back to 14 and I held thinking it would recover. Next thing you know I was down on the trade as it slipped passed my buy in (I averaged up a bit.) + +I sold for a small loss rather than taking profits that would have almost doubled my account. + +I still can’t believe I left a trade like that so unsuccessfully after doing everything right up to where I should have taken profits. + +I’m sad I didn’t take profits but feel good about the fact I was able to be in the position I was in at all. + +My point is, take profits when you have them, especially when you’re in a position that is up over 1000% + +I am an idiot. Don’t be an idiot like me. +So i do a lot of research before i buy a stock. i’m fairly new to the investing world, and as of this post have invested about $7,000. i bought my first stock in March + +I currently have shares in SQ, WMT, V and most recently, AAPL. every single stock i have bought, without fail, lost about 15% value in the first day or two and it takes months to recover. + +as of this post, my apple shares have lost $8.60/share in value since i bought them friday. before that, SQ lost $15/share in the first three days, WMT $4/share and V $7/share. of course i didn’t sell them, and all of my shares are now positive, but i’m obviously doing something wrong if they drop so significantly in the first few days. what am i missing here? + +if i had waited til today, i would have been able to buy the same 8 apple shares for almost $100 less than i spent on friday. they might even drop even lower than that in the next few weeks + +Edit: wow, lots of comments, questions and advice here. thank you all, i’ll read through everything and reply to what i can. thanks again +I did pretty well recently dividing a large rural tract (170 acres) into 7 smaller tracts. Sold 4 of them using owner financing. Just last week I closed on a larger tract, about 240 acres and plan to do the same. Anyone else here do the same or anything similar? + +Edit: I didn’t expect so many questions but appreciate the exchanges. Was really just looking to see how other people did things. I got nothing to sell anyone here but if you are on Twitter I am @KYLandBaron and I’d be happy to connect on there. +I put $99K down on my current primary a couple years ago. If I sell today I can sell for a $50K gain. If I rent I can cash flow $600. What would you do? +Hey guys I am 27m and I have about 1 year left to buy my home and I am getting serious about wealth building and want to go and invest in real estate but I am the kind of perish that needs things broken down to a T to understand the business and concept. I want to be a multimillionaire in 15 years. I live in south west Missouri. +I have a heloc on my primary residence. I was originally looking to put that to use towards an investment property but if in the end I’m getting a second mortgage on the investment property what advantage does using my heloc provide over just having the same amount of money built into a second mortgage? + +I can’t see any real advantage and only cons. +Following up on my first complaint to the German SEC, BaFin, from Aug 5 (cf. [here](https://www.reddit.com/r/Superstonk/comments/wmk4ia/post_from_german_sec_for_bafin_the_actual/)), I reached out to the contact window due to my broker stalling to respond to my questions about a) the source of the shares first posted as "Stock dividend" then reversed to "Stock split" and b) ways to DRS for almost 5 weeks (usual response time = 4 - 12hrs!). + +I informed the BaFin contact on Aug 12 about the oddly long broker response time + active stalling and presented him with all links and information about the DTCC files, GME press release and 8K and the functional codes used concerning the splivvy suspecting that I received IOUs instead of the share dividend distributed by GME. + +Sep 14, I got following response (Deepl translated): + +**TL/DR:** + +* **On BaFin's request, all German service providers confirmed that the dividend shares have been delivered to them and thus to all brokerage accounts** +* **BaFin performed a sample testing without remarks, i.e. all shares tested were actual shares (no IOUs or similar)** +* **BaFin disclaims that they only supervise German financial markets, stating "they cannot have any influence on business transactions that take place exclusively in the USA" and referred me actively w.r.t. the DTCC issues to the SEC** + +\--------------------------- + +"Dear Mr. X, + +I have received your further submission on the subject of the GameStop Corp. stock split and comment on it below. + +According to all statements and documents available to me, the respective U.S. depositories delivered the new shares to the securities accounts of the German custodian institutions. BaFin has obtained confirmation of the delivery from its supervised service providers and has also carried out random checks. There were no indications to the contrary, in particular no indications of use of the shares for the account of third parties (securities lending transactions, IOUs or similar). However, BaFin can only supervise the German market and service providers in Germany. Therefore, I cannot have any influence on business transactions that take place exclusively in the USA. As far as you refer to transactions of DTCC, I have to refer you to the U.S. supervisory authority. I have taken note of your comments regarding the customer service of Consorsbank. I have already informed you of my duty of confidentiality pursuant to Section 21 of the German Securities Trading Act in my last letter. + +Please understand that I cannot help you further in the above-mentioned matter. Nevertheless, I would like to conclude by thanking you once again for your input, as input from the public is an important source of information for my supervisory activities. + +Yours sincerely + +On behalf of + +Sebastian E." + +\--------------------------- + +What to make out of it? + +My opinion/interpretation: + +* BaFin recognizes irregularities with the GME splividend in Germany. +* Hence, they sample tested and actively requested legally binding confirmations by all German custodian institutions. +* Stating that BaFin does not have any influence on business transactions that take place exclusively (!) in the USA, they do not say that just because the splivvy in Germany was carried out correctly that everything that happened in the USA was done correctly. +* Based on the same statement, BaFins attitude / standard operating procedures (sample testing/confirmation requests) suggest that they expect the SEC to have sample tested as well and requested custodian confirmations (!). But we didn't hear anything from SEC complaint responses? +* Assuming the splividends are real shares distributed in Germany, assuming further this applies to all EU countries with similar Governance/Compliance, this might suggest that DTCC fucked with all US shareholders but couldn't fuck with foreign shareholders because of actually working and visibly enforcing governmental bodies. +* This means, the DTCC still holds a fraction of the splividend shares, never distributed to US shareholders, but processing it as stock split on the domestic financial market. + +EDIT: I think, we have a great debate coming in in the comment section. I will collect all the questions raised here after work over the course of the next days and follow up with BaFin in a new mail and keep you posted. Please continue contributing! +Canberra, Sydney, Wollongong, Queanbeyan, and Melbourne are all insane to rent eight now. + +Why are there so many people looking for places? + +When I used to live in Wollongong three years ago, it was so easy to find a new place, and then I see it on the news as someone has been looking for 2-3 months. + +That's insane. + +-- + +And what in tarnation is going on with house prices? +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. + I have always thought that the freedom and autonomy you get from FIRE, the ability to form your life in a way that suits you best is a great goal to have. + + +But instead of spending 20 years or so just grinding a job i may or may not like, and then figure out what I want to spend my freedom doing; I would rather try to put me in a position when I can get most of the freedom and autonomy I seek long before that. + + +Most of us find pleasure in "working"; focused tasks that lead to something of value for others. Just see how people spend time helping others on reddit completely free of charge, because it is an inherently pleasureable feeling to posess some knowledge and use that to help others. + + + +What I want is basically this ([similar to the points in this book\)](https://www.amazon.com/Drive-Surprising-Truth-About-Motivates/dp/1594484805): + +1. Freedom to work when I want and where I want. If I want to travel to New York for a month I could do that. If I want to take a month off I could choose to do that. + +2. Being in charge of the work I do, have a great deal of autonomy in how I do the work, and not have to be micromanaged. + + +3. Creating something of value; being a part of something "greater" than me, finding some purpose. That usually means creating something that people find valuable in some ways. + +An ideal day for me would be something like 4-5 hours of focused work every 4-5 days of the week. There would be little stress and few strict "deadlines". + +If I could manage to find such work (or make most likely create it myself), I would happily do that for the rest of my life without the need to retire. I would not mind grinding a few years to get in such a position. + +Have anyone here had similar thoughts, or perhaps taken the step to create work that suits your preferences? + +Do you have any thoughts on what would be required to achieve this goal? +I started a new job today and got an email from Fidelity regarding enrolling in a 401k account. In one of the bullet points in the email, it states + +*Tax benefits: If you contribute $30, your paycheck is reduced by only $23. Plus, any earnings grow tax-deferred.* + +&#x200B; + +Can someone explain to me what this means? Specifically, why it is reduced only by $23 and not $30? + +&#x200B; + +Edit: After reading all the comments here, I realized that I was thinking about this incorrectly. The paycheck that is being referenced above is the after tax pay check and not the before tax pay check, and a \~ 23% tax rate is assumed in this example. +Hi guys, + +I've been reading this forum for a while now, together with Bogleheads, indexfundinvestor, youtube, etc and my goal is to save money towards retirement. I'm Portuguese, 30, living in Spain and possibly moving to Portugal or Germany in a few years. + +It seems that investing 20% of my net salary every month, in ETFs in Degiro is a good option here in Europe. I've tried to choose the Degiro free ETFs with low TER and highest diversification. Can you please take a look at the below distribution and comment? I also understood this is a long term plan to keep investing no matter what like the 50% swings for example. + +Stocks (70%) + +* iShares Core MSCI World UCITS ETF USD (Acc) (IE00B4L5Y983) (88%) +* iShares MSCI Emerging Markets UCITS ETF (Acc) (IE00B4L5YC18) (12%) + +Bonds (30%) + +* iShares Core Global Aggregate Bond UCITS ETF EUNA/AGGH (IE00BDBRDM35) + +Thanks for taking the time to take a look! +Hi, + +I'm a 26 year old software engineer living in Germany. About two weeks ago I learned about ETFs and started educating my self about them. By now I've come up with a portfolio I'm quite happy with. Since this portfolio is for retirement I'm looking at 30+ years of having this portfolio. + +I'm planning on investing 18.5k€ into this new portfolio and save an additional 500€ each month with ETF saving plans setup according to the % allocated for each ETF. Since 2018 the taxing on accumulating vs distributing ETFs is now the same in Germany but I only picked accumulating ETFs since I want everything to be automated as much as possible. + +&#x200B; + +|ETF|% of portfolio|TER %|Expected annualized avg return %| +|:-|:-|:-|:-| +|[iShares Core MSCI World UCITS ETF USD (Acc)](https://www.justetf.com/de-en/etf-profile.html?isin=IE00B4L5Y983&from=search)|50|0,2|9,4| +|[iShares MSCI World Small Cap UCITS ETF](https://www.justetf.com/de-en/etf-profile.html?isin=IE00BF4RFH31&from=search)|12,5|0,35|9,3| +|[iShares Automation & Robotics UCITS ETF](https://www.justetf.com/de-en/etf-profile.html?query=IE00BYZK4552&groupField=index&from=search&isin=IE00BYZK4552)|30|0,4|\+11| +|[iShares MDAX UCITS ETF (DE)](https://www.justetf.com/de-en/etf-profile.html?query=DE0005933923&isin=DE0005933923&from=search)|7,5|0,51|9,6| + +&#x200B; + +I've chosen the MSCI World ETF as the core of my portfolio instead of multiple regional or country specific ETFs to keep it simple. + +The MSCI World Small Cap ETF I choose because historically small cap outperformed larg cap stocks. + +For the Automation & Robotics ETF I'm taking a bigger risk by allocating 30% of my portfolio but I feel that in the long run 20-30 years the risk will pay off since this sector will become more relevant as the industry gets more advanced. My worst case expectation would be similar performance as the MSCI World. The ETF is quite new but has already big gains. I know that historical performance is no indicator for future performance but I'm betting that the perfromance will stay above the MSCI World ETF in the long term future. + +As my last ETF choice I choose an MDAX ETF. The MDAX has outperformed the DAX since it's inception and I figured allocating an ETF in German market might also be a good long term investment. + +&#x200B; + +The "Expected annualized avg return %" in the above table is based on factsheet values from the ETFs and in the case of the "iShares MSCI World Small Cap" based on another longer existing ETF that is tracking the same index. + +Since behavioral bias is one of the biggest enemies of the investor I'll be opening a seperate deposit with my bank thats seperate from my main accounts so I wont see the account when looking into my regular account. I plan rebalancing the portfolio every year if the fees are worth it. + +&#x200B; + +I would love any input and critique on my portfolio choices from you guys :) +I read a lot of books about this topic but was all about american investor (they talk only about SP500 and american law); can anyone advise me books about this topic but for an european investor? +Thanks +Hello + +I have a lump of money earning almost zero interest in my savings account. I knew I had to do something, but wasn't sure what. (Here's how my current activity is: €200 in Mintos P2P; €300 in crypto; nearly €100,000 in savings. Can you tell I'm risk adverse?😂). + + +I've been a member of this group for a while, but just read the Wiki and FAQs - super brief, yet comprehensive. They've given me a good starting point to better understand what I should do with my money!❤️ + + +Thank you to everyone who takes the time to contribute to the wiki, FAQs, and post responses. + +❤️ +Hi. + +I'm a structural engineer and I work for a major Portuguese company that builds all around the world. + +I started around 2 years ago and I have managed to save a great part of my income, but I find it really hard to get major savings. I currently have around 20 000€, some of it invested but the majority is only sitting at the bank. + +I have a master's degree in structural engineering and I'm thinking of going abroad to work because the annual salary in Portugal is too low and the taxes are too high. I earn around 19 000€ annually before taxes, 13 500€ annually after taxes and , although the cost of living is low, the expenses just to get to work are around 3 000€ annually. + +I was wondering what are the prospects for a structural engineer abroad. How much a structural engineer with my experience can earn? Which countries are the best to go to? + +Thanks. +Hello guys, I'm currently 25 years old.I gratuated recently at just started working full time. My wage is the average wage in my country. I have a savings of 10k approximately all in stocks. I live with my parents and each month i invest 50% of my income which 500eur. By the end of the year I will have around 17-18k in stocks. My idea is to use my money in stocks as a leverage to take out a mortgage of 26k to buy 3 hectares of land. Each hectares us around 8k and if you grow there wheat it will bring on average 300-350eur. What do you think about this idea? I was counting my my overall asset + debt ratio would be approx 1:1 which i think is not bad and would allow me to grow my wealth. +Hello. I'm starting investing using Degiro custody account from Finland and I have 20-25k euros to invest. I've never invested before. I'm 27 years old and time horizon is 15+ years. I have the following questions: + +1. I'm going to invest in accumulating ETFs. The yield shows 0% because it's accumulating but I would like to know what the accumulating yield is. Where do I find it? + +2. I'm looking at iShares Core MSCI World UCITS ETF accumulating as my main or possibly as my sole investment. The ETF has three different tickers: IWDA, SWDA and EUNL. Does it matter which one I choose? + +3. I gather bonds and emerging markets are usually recommended with that. I know the purpose of bonds is to reduce the volatility of the portfolio but I have very little knowledge about them. Which bond ETF should I choose, if I go for one? + +4. What's the general idea behind the emerging markets investment often recommended here? Looking at Vanguard FTSE Emerging Markets Index Fund ETF Shares (VWO) it hasn't recovered from the 2008 recession and has stayed basically the same since 2010. + +5. It's scary to plop down all 20-25k at once with all the recession talk and everything. If I don't dare to do that, how much should I put in monthly? 1k a month for example would have the money invested in about 2 years. +Can you guys suggest ways to make a small side income of about €100 to €200 a month? Cannot ask my boss for a raise (have already been reduced to Kurzarbeit). +I do not want to do anything illegal though +Hello guys, I did an analysis on Apar Industries this weekend and found out that it is trading at attractive price. Also the future outlook looks quite good considering various reasons like +1.) govt has given bailout packages to Discoms. +2.) More investment in power infrastructure is predicted. +3.) Apar Ind is market leader in its products. + +Also as a bonus it gives a decent dividend. ( div yield of 3.8% at cmp) +Please give your valuable suggestions. + +https://ticker.finology.in/company/APARINDS +Apar Industries Ltd - see stock details and analysis on forecasts, holdings, financials and ratings on Tickertape. Visit https://ttape.in/stocks/APAR/forecasts?section=price +The Ftx downfall, via swaps, tokens, or investment has caused hedgies to panic as they were at quick risk of breaching their required collateral positions. It took them by surprise and so their easiest quickest way to maintain the requirement was reduce the price of GME. Probably just to buy time. Which means we may see headlines soon that citadel completed some fund raising. + +If we finish around this price point Friday, they would likely eat some decent money on the Friday options expiry. Also at the same time we drs more shares quicker. + +This was not part of their plan, it was done of necessity. +They are on the ropes. + +I think we also surprised them how quick the sub figured out the drs nonsense they pulled. + +I don't think this is the end game at all though. The end game will be nuclear. They will have nothing left to lose. + +We just need to maintain the course. + + +Buy. Drs. Book. Hold. +There are so many new posts lately about how unhappy people are because of FIRE. (Sort by new, and you'll see what I'm talking about.) + +I don't think it's a coincidence that almost all of them are posted through shiney new accounts. + +Maybe it's a bunch of trolls. Maybe they are sincere. I have no way of knowing that. + +But FWIW, I, for one, am a very happy camper in retirement. + +Interestingly, I've been the most grateful I could do this when times have been the toughest. Without getting into details, in the past couple of years, life has had its tough moments. Everything from hospitalized family members with life-threatening conditions to the death of an immediate family member. + +During those darkest of times, I felt so free and happy to be there for and with them without having to juggle work issues or cares about the financial ramifications of the problems at hand. + +I've also been able to focus on my own health and have made big strides with weight loss and chronic health problems. + +I've been generally a happy person all along, but not having to worry about work or money has removed a lot of barriers to contentment. + +I say keep at it and ignore the naysayers! +As the title says I'm in a pretty rough situation. Have a pitch on Monday for 2 stocks and I feel like I'm still about as clueless as I was when I started. The stocks are EQR and SUI, I'm supposed to choose the better one to hold over next 12 months. + +I've spent most of the week understand the industry (REITs and apartment/land leasing) and it's drivers. Can anyone offer some insight? If you had a day and a half to put together a pitch on 2 companies, what would you do? Happy to pay back with beers for your time and help. +Hi team, + +Just need some advice here, it's been a long time since we've been in the real estate market and our interaction with the agent left a sour taste. + +We went to an open house for a property that had been on the market for over 30 days. While we were there, the agent said they had just received an offer so if we were interested we'd need to move quick. Fair enough we thought, we went for a coffee then called the agent an hour later. + +The house is a private sale, listed with a range of $740-$790. We liked it, it suited our requirements so we made an offer of $790. + +The agent told us that the vendor wouldn't accept it as the offer from the other couple was $800k. I thought that was weird, why hadn't the vendor agreed to the $800k straight away? It was above their range? + +We told the agent that our offer at $790k was firm and moved on. + +8 days later, the property is still on the market. It was never listed as under offer, and open inspections are still happening. I had a friend call up the agent to see if it was still for sale, the agent confirmed it was still available. + +Even if the offer of $800k fell through for whatever reason, wouldn't the agent call us to see if our bid at $790k was still on the table? + +Or is this a classic case of underquoting? Did the vendor want over $800 to start with? + +Sorry for the long rant. We feel way out of our depth when dealing with this. +With cost of living so high and discretionary spending on eating and drinking being a big expense in a fair few peoples budgets I thought it would be good to get the opinion of Redditors here on what are some great value healthy take away options. + +Something I've discovered is that if you play the menu well at Chargrill Charlies (Sydney Based), you can get a great meal for 2 for <$30 which works out to be <$15 per head. Living in the LNS of Sydney I deem that pretty good. + +Anyway, fire away! Keen to hear +Hello, + +I wouldn't say long time lurker (but reasonable time lurker). I live in a very HCOL area with two young children. I was lucky enough to have made some solid money in my early 30s and I sometime think about RE but in I worry about setting the right tone with two young children (I have had a bit of a puritan work ethic); does anyone here ever worry about that? Not the type of thing I can discuss with my family (excluding my wife) nor friends so curious if anyone here has considered that as a meaningful reason NOT to RE with young children. I think it could mess them up from a long term work ethic perspective if they see me home a lot more. +Hi redditors, + +I am in my mid-twenties, a uni graduate (an academic subject). I have been stuck in the same job I did whilst I was a student and I have struggled to find anything relating to my degree (I got a 2:1 so I know it’s not my grades). Also I’m aware the current pandemic could affect my prospects however I do not consider that to be a major factor in why I’m not getting anywhere atm. +I also have no contact with my parents, and want to keep it that way. Consequently, I receive no support and I had to work throughout uni to be able to pay my way, which affected my grades. I have worked since I was 17 however I still feel stuck. As I have no family support I have struggled to get a roof over my head in the past as I often need a guarantor. I also have a drivers licence which I paid for myself however I cannot even afford a cheap car on a minimum wage job (insurance and upkeep is too much for me right now). I often walk to work, or get public transport as a treat. Seeing other people my age succeed and have fun is hard sometimes as I feel like I have constantly struggled to get anywhere whilst others get handed help. + +What I’m asking is is there anyone out there who have came from a similar background but managed to succeed? If so, do you have any tips? I really do want to be successful however I’m feeling really demotivated atm. + +Thank you for reading 🙏 +Hi all, I’m 31M currently living with my dad and brother in the south east and my relationship with both of them has degraded somewhat. I’m currently working full time from home as a software developer earning £35k and have been in this role for 4 months after changing jobs during summer. I’m eager to move out very soon, but I don’t know if it’s feasible to do so with my finances. + +My expenses each month are low as I live rent free and don’t have to do a big food shop however I have a car on PCP which was quite an extravagant purchase and somewhat of a regret of mine which costs me £450 each month and is sitting unused as I haven’t needed a car since COVID hit as I started working from home. + +I currently have £4K saved in an emergency fund which I deposit £500 into each month which I aim to get to £5k and then focus on building my deposit for a home. I currently have £2500 in my LISA which will be maxed at £4K before the end of the tax year so I can claim the maximum bonus. Once my emergency fund hits £5k I can save £1k or more each month. + +I want to avoid renting at all costs and I want to live on my own. I’m currently single and will most likely be buying on my own when the time comes. I’d like to know realistically, how long will it take me to be able to buy a place of my own at the rate I am saving? I’d be happy with a 1 bed flat and would move somewhere cheaper if need be. I just want to know what my options are for the fastest way for me to own a place of my own and if there’s any help available to me? +For years, when my parents were very poor, my siblings also had tons of medical appointments. To save money, we walked across a very busy road to save $2.00, and we never parked in a parking garage. (My sibling had several appointments a month, so it really added up). + +Now, my mom can park in the parking garage, and have easier access to medical appointments. My mom's reflection this morning was a one of relief. + +Sometimes it's the little things that add up, that are a privilege to be able to do. +It came for the meme stocks, weed stocks, SPACs, penny stocks, small caps, midcaps, high multiple stocks. I didnt speak since I owned none in that category. + +Now REITs, utilities, large cap stocks are tanking 20% from earnings or just the overall fear of Fed raising rates. People keep saying wait until the bubble pops but it feels like we are already in the middle of it. It just doesnt have a name like the other periods. +Every decade over the last 100 years there’s been a recession once every 8-10 years, with 2020 breaking historical records. How can businesses even plan for the future if there’s a recession every few years and are on persistent life support from the government? No wonder the focus has always been on short term gains every quarter. +Have a look with me at the price action that occured after most monthly standard options expired. + +[The volume surge after January 8th contracts expired. Wednesday 13th = Failure to Deliver ](https://preview.redd.it/57gx2sftneu61.png?width=934&format=png&auto=webp&s=6b97fcc17819d06698fbe6aa256d5495e66d4bdd) + +[ Volume surge after February 19th contracts expired. Wednesday 24th = Failure to deliver date](https://preview.redd.it/4flvceyxneu61.png?width=929&format=png&auto=webp&s=75d953f6b1fb51abafffdfbea8dca93455fc9424) + +[ Volume surges for March 5th and the week after, on Wednesdays.](https://preview.redd.it/3wytnxa0oeu61.png?width=830&format=png&auto=webp&s=a98383e17adebeef1519ecde0ca4464fcdacd404) + +[ And here we are, the Wednesday after April 16th, a standard expiration date. $700,000,000 worth of stock should be delivered this week for in the money contracts.](https://preview.redd.it/gj21rt02oeu61.png?width=936&format=png&auto=webp&s=29e28ed4357fa23021556165562f0f0ea34c4852) + +I assume this is the T+2 failure to deliver time, followed by the guaranteed delivery, but if someone out there knows better, I'd love to know. Anyways here's the image gallery, with some crude text overlays to help you spot the consistencies. + +April 16th was one of these standard option expiration dates where contracts could have been purchased long ago - and funds not meet their obligations to deliver on their promises. Tomorrow is the next wednesday after. +Its been almost a year sinds the bitcoin halving. The halving has always been the start of the bullrun and this time, it wasnt any different. Technical analyst Rekt Capital looks at when the bull run might reach its peak. + +To look when bitcoin will have his peak in this bullrun, we have to look back to see what happend the last couple of times. Important dates are the BTC halvings. The analysis uses the bottom before the bullrun and the peak in the bullrun. Based on these two dates, Rekt Capital try's to predict the future. Here is the anaylsis: + +**Bitcoin halving 1; 28 november 2012:** + +https://preview.redd.it/4efcrj80c9y61.jpg?width=1200&format=pjpg&auto=webp&s=ae9bc3b938a98fb0cbf74d38b2a99bbf459c5f0b + +How many days did Bitcoin bottom before its first-ever halving? **378 days.** + +How many days did Bitcoin top out after its first-ever halving? **364 days.** + +It took roughly the same amount of time for Bitcoin to bottom prior to halving #1 (378 days) as it took for Bitcoin to rally before topping out after its second post-Halving #1 Market Cycle (364 days). + +&#x200B; + +**Bitcoin halving 2; July 9 2016:** + +https://preview.redd.it/l8v5rxixc9y61.jpg?width=1200&format=pjpg&auto=webp&s=ba0eaf0cdb3786c12742226fb13f40d1186615cb + +How many days did Bitcoin bottom before its first-ever halving? **546 days.** + +How many days did Bitcoin top out after its second halving? **518 days.** + +It took the same amount of time for Bitcoin to bottom prior to halving (546 days) as it took for Bitcoin to rally before topping out after its second post-halving market cycle (518 days). + +**This means based on the last 2 bullruns:** + +It takes approximately the same amount of time for Bitcoin to bottom prior to the halving event as it takes to peak after the halving event. + + + +**Bitcoin halving 3; 18 may 2020:** + +https://preview.redd.it/fq97v9scd9y61.jpg?width=1200&format=pjpg&auto=webp&s=ef6c36ed017341762dd24415b97d9aabed89ad69 + +**Conclusion:** + +Bitcoin bottomed 511 days before halving 3. + +So if it takes BTC 511 days after the halving to peak: that means that Bitcoin is likely to top out in early Q4, 2021. **Specifically: October 2021.** + +Ofcourse every bullrun is a bit different. Based on the analysis we still have a major peak to get in the next couple of months. But it wont last till the end of the year. + +Stay safe :) + +• NIO delivered 5,291 vehicles in November 2020, increasing by 109.3% year-over-year + +• NIO delivered 36,721 vehicles in 2020 in total, increasing by 111.1% year-over-year + +• Cumulative deliveries of ES8, ES6 and EC6 as of November 30, 2020 reached 68,634 + +SHANGHAI, China, Dec. 01, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today provided its November 2020 delivery results. + +NIO delivered 5,291 vehicles in November 2020, a new monthly record representing a solid 109.3% year-over-year growth. The deliveries consisted of 1,387 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, 2,386 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 1,518 EC6s, the Company’s 5-seater premium electric coupe SUV. NIO delivered 36,721 vehicles in 2020 in total, representing an increase of 111.1% year-over-year. As of November 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 68,634 vehicles. + +NIO is in the process of accelerating the production capacity expansion in December 2020 to accommodate the increasing order growth. + +[source](https://www.globenewswire.com/news-release/2020/12/01/2137180/0/en/NIO-Inc-Provides-November-2020-Delivery-Update.html) +Mr. Musk has appeared reluctant to proceed with the $44 billion agreement, citing uncertainty about the number of fake accounts on the platform. + +Elon Musk may be preparing for the next chapter in his Twitter takeover journey: court. + +A $44 billion deal was reached in April between Mr. Musk and Twitter, and the two sides have since been working to close the deal. Mr. Musk requested information on how many Twitter accounts are bots, and Twitter has provided Mr. Musk access to its “firehose,” or stream of tweets. It has continued to share additional information with him. + +Read the full article: [https://www.nytimes.com/2022/07/08/business/musk-twitter-deal.html](https://www.nytimes.com/2022/07/08/business/musk-twitter-deal.html) + +**Elon Musk's Twitter takeover journey continues, but this time, the setting might be in court. Here is the list of some events since the day Musk bought shares on Twitter.** + +April 4- Elon Musk discloses over 9% stake in Twitter + +April 5- Twitter says Musk will join company's board + +April 10- Musk says he will not join Twitter board + +April 14- Musk offers $54.20/share, a 38% premium to Twitter's April 1 closing price + +April 15- Twitter adopts poison pill to protect company from takeover + +April 21- Musk lines up $46.5 billion in financing for the deal + +April 25- Twitter board accepts Musk's offer + +April 29- Musk sells Tesla shares worth over $8 billion in a bid to finance takeover + +May 2- Musk seeks to get more external investors + +May 5- Musk discloses $7.14 billion funding; sources tell Reuters that Musk could temporarily lead Twitter after deal closes + +May 11- Twitter co-founder Jack Dorsey says he will not return as CEO if offered + +May 13- Musk says Twitter deal on hold pending review of spam and fake accounts. Later tweets that he remains committed to the deal + +May 25- Twitter investors vote against re-electing Elon Musk ally to board. Musk pledges more equity to fund Twitter deal, scraps margin loan + +May 26- Musk sued by Twitter investors for stock 'manipulation' during takeover bid + +May 27- SEC looking into Musk's Twitter stake purchase + +June 6- Musk threatens to walk away from the buyout deal if Twitter fails to provide data on spam and fake accounts + +July 7- Twitter insists it has bots handled, claims it blocks 1 million spammers every day + +**Do you think Elon Musk will go through with his TWTR buyout?** + +Vote in a poll: [https://www.reddit.com/r/marketpredictors/comments/vua4u9/the\_washington\_post\_has\_reported\_that\_elon\_musks/](https://www.reddit.com/r/marketpredictors/comments/vua4u9/the_washington_post_has_reported_that_elon_musks/) +I always tell myself to stop buying Apple, but I always give in because Apple is such a cash machine. Would you start diversifying new money in companies such as Square (SQ), Microsoft (MSFT) and Amazon (AMZN). Or would you keep adding more to Apple (AAPL)? + +Edit: Apple (AAPL) is my entire portfolio, don't own anything else. + +Second Edit: Damn this blew up. +I’m anticipating that Reddit is bought by SHF. Don’t believe the decline of post quality. Hedgies R Fuk. Buy Drs Hodl. We are facing an event that is very rare in history, when poors fuck the few rich assholes. No cell, no sell. I will only sell half of my shares ever. Because SHF are forced to buy about 95% (might be more) of the float at some point in the future. +If they have to buy the float and we own 45%, then they will not be able to, and then the price of the paperhand controls the price. Don’t value yourself too low, because they are prepared to pay a 1000fold of that number. Even if it’s a phone number. Remember, these are billoinaires that owe us every penny. If they run out of money, then the system that allowed this to happen owes us. And that is for real, if they decline, then western economics and policy has failed, and they will not allow that. Hodl on for your lives. +Thank you to all you wonderful apes doing all the investigative work over this weekend. Citadel HQ in Chicago working on a weekend, GG being sworn in as SEC head on a Saturday, and of course DFV going all in on Friday. + +Got a feeling we’ll be seeing a rush of people buying in pre market tomorrow and at open. See you all tomorrow! +Unpopular Opinion: Recession not likely is the new "inflation is transitory" + +The official Whitehouse definition of recession was recently altered and changed to prepare for the impending negative GDP print later this week, which would, according to traditional well agreed upon definition of "recession", confirm we are infact in one. + +Recession: a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. + +I will go a step further and say the government will try their utmost to avoid acquiescing we are in a recession, such that it will ultimately cause a depression. It will likely be prolonged longer than the first gauffe. + +Just look at how "inflation is transitory" went. +Haha just posted this for laughs, im actually hurting. + +I thought she was the one, she gave new meaning to my life and taught me what love was. I introduced her to my family, and she was the first one too. + +It was a healthy relationship honestly, we talk about everything that's bothering us between each other, if we made each other feel uncomfortable and so many more that's need to be talked about and fixed. + +Although she fell out of love, she was honest with it and talked to me about it, we parted ways without ghosting and being a bitch to each other, I respect her so much honestly + +TLDR: Title. Just said this story so I can post, I mean it tho. + +edit 1: thank you everyone for the encouraging words + +edit 2: it's almost 4am and i can stop crying, been 5hrs now. I need you apes now more than ever, thank you. + +edit 3: I just woke up apes, I managed to get 3hrs of sleep but I couldn't sleep anymore so I just ended up using my phone and reading everyone's comment. I honestly don't know what to say but thank you:) i love you all. + +edit 4: why does it hurt so much apes +> Target tells suppliers it "will not accept any new cost increases related to tariffs on goods imported from China." + +> In a memo, the retailer also says it expects suppliers to "develop the appropriate contingency plans so that we don't have to pass price increases along to our guests." + +https://www.cnbc.com/2019/09/05/target-demands-that-suppliers-absorb-tariff-costs-to-shield-consumers.html +I’ve been making my target of 1% a week for a few months now . Mostly weekly csps on tsla at . 1 delta and then some amzn vertical spreads . +Both these have earnings coming up so I’m out for a week and doing some minor trades around them. +I like weeklies as of the decay and wrapping it all up nice on Friday. I’ve rolled down and out once with my system. +Does anyone else pull off this amount a week on average and what are your go to tickers? + +Selling options has changed my life and best job I’ve ever had . +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +As an owner of XXX shares in a Roth IRA, I have been uneasy about not being able to DRS my shares like everyone else. I plugged enough money into Computershare to buy an extra ONE share through their system, but after that, I'm tapped out of funds (and my wife says "NO MORE!" lol). + +That being said, I'm sure you can appreciate my happiness to find out that users were actually DRS'ing their shares in their IRA accounts (and without taxable events occuring!). The trail blazer [u/youniversawme](https://old.reddit.com/user/youniversawme) has posted several clear cut posts outlining in detail what he did to accomplish this. Link to initial post showing his process [here](https://old.reddit.com/r/Superstonk/comments/qe6wfu/drs_my_ira_shares_yes_i_believe_i_did/) and his update confirming the transfer had worked [here](https://old.reddit.com/r/Superstonk/comments/qfnr2x/drs_for_iras_update_im_in/). These posts show that when he made the DRS transfer of his IRA shares, Computershare now held these shares in book form, with Apex Clearing (Ally's clearing agent) as custodian. Very cool! + +Long story short, I now have transferred every share I owned from Fidelity to Ally Invest, and submitted my [Letter of Instruction](https://i.imgur.com/Zh1J1pF.png) to DRS my shares to Computershare. This letter is word for word the same instructions that have been proven to work already. The day after I submitted this request, I got [this email](https://imgur.com/mqphM5Y) from Ally's support team stating that my request could not be processed due to an incorrect Account # listed. So, after triple checking that I put the correct account # on the Letter of Instruction (I had), I called the support team at Ally for further information. I got a hold of a nice lady named Desiree, who was very helpful. She confirmed that I did, in fact, put the correct account # on the letter and was as surprised as me to find out the request had been denied. She quickly sorted it out, and spoke with the team in charge of these types of transfers personally, and tells me that this email I received must have been sent in error, and that the transfer was still showing as "processing" in their system. Desiree was very helpful and told me she would personally track this process and email me if anything else arises. + +Fast forward four days later to today. I get [another email](https://imgur.com/w0myqAO) from Ally stating that this DRS request has been denied (again), but this time for another reason. Ally is now saying that the DRS request cannot go through due to a custodian issue, and the accounts not being "Like Accounts". This is the exact opposite result of what [u/youniversawme](https://old.reddit.com/user/youniversawme) ended up getting. + +So, again, I called Ally's support team to inquire further. The tech that answered (Rob) was very nice and was understanding why I was confused. He told me he had helped multiple people do this recently and there was never an issue. He asked me to hold for a few minutes while he spoke with his supervisor about this issue. After he came back on the line, he informed me that he has "news that you may not like." Uh oh. His supervisor explained to him that effective immediately, all DRS'ing of IRA accounts is no longer available through Ally Invest due to a custodian issue with Apex Clearing (even though it has been successful many times in the past, and without issue.) Rob was not able to offer me any more information, but this seems SUPER fishy to me. Rob told me that even he was unaware that this had changed, and was surprised that they changed it so suddenly and without an announcement. Rob also told me that his supervisor said that Ally's website should reflect this change soon. + +Apex is catching on to what we were accomplishing with finally DRS'ing IRA shares and put a stop to it once it started to gain traction. I think they know that DRS is the final nail in their coffin and if IRA's were starting to become locked up, it would be game over for them. I know there are many like me with XXX and even up to XX,XXX shares in IRA accounts that have their hands tied due to similar issue. If you're reading this, and are able to DRS your shares PLEASE DO IT! Do it for me who can't, but wants to. Imagine how many shares we ACTUALLY own with GameStop themselves already confirming the DRS numbers in their latest report. I'd argue there are probably just as many shares (if not more) tied up in IRA accounts like mine. + +TL:DR - + +Daddy Apex Clearing is putting a stop to DRS'ing self directed IRA shares to Computershare. Don't let this slow us down! Please DRS your shares! +https://www.cnbc.com/2019/05/31/elon-musk-spacex-is-now-worth-more-than-tesla.html + +Let that sink in, Tesla could go to zero and this dude would be worth over 15 Billion dollars. We love to give Elon shit around here but SpaceX isn't going anywhere and from what I've seen has a massive lead in the orbital launch business. Also there is tons of room for growth because if his 12,000 satellite starlink constellation goes up they could provide billions of people with affordable internet. Elon isn't going anywhere. + +Just a fact for the boring ass weekend. +I think at this point it's pretty clear that the blockchain and all this mining is taking a massive toll on the environment. I get that we're already screwed but I'd rather be screwed a bit less. Know what I mean? + +It's a bit of a shame that we are just so worried about making money regardless of what it might do to the environment. Let me fill you in a little something, Money and blockchain won't mean shit if we're all dead. How do people not take this into consideration? how can you be so selfish? I just don't understand it. + +I personally refuse to use any chain that isn't environment friendly, which is mainly why I'm going for MATIC. The WWF has stated that Polygon's energy consumption is 0.00003% compared to BTC. That is absolutely massive. + +What other chains are this green? I really want to know if anything out there is greener than Polygon. With proof please, thanks in advance. + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +Hi guys, + +Long time lurker here - and I never thought I’d ever write about this topic, but it is what it is. + + +So my father just confessed to my brother & I that he has been hiding/ lying to us about his financial situation. + + +(1) Student Loan. When we both went to college, he told us that he had money saved up for college,and that we just needed to take some portion in student loan. Both my brother and I took stafford & they are currently in repayment. However, just last week, he told us that it actually wasn’t savings, and that he took out PLUS loan to pay for it…. + +They are as follows + +* Consolidated PLUS - $50k,4.88% +* PLUS - $30k, 7.25% +* PLUS - $10k, 7.25% +* PLUS - $29k, 7.25% +* PLUS - $32k, 8% +* PLUS - $33k, 8% + + +Of course, while we were not happy about him lying to us about having money to go to college (as we both would have picked a cheaper option…) again, it is what it is, and we are willing to contribute to the payment… but $185k is more money than either of us have ever touched… + + +(2) Credit Card. Due to their spending & student loan payments, they were running about $2.6k deficit per month for a while. So it seems like that they have been supplementing with their credit cards. The credit debt comes out to $64k with average interest rate of approx 15%. + + +13k with Discover, 2k with Credit Union, 26k with Chase, 20k with Bank of America, 2k with Capital One. + +(3) Retirement: He just told us that they have saved $0 for the retirement. So we will be relying on his SS ($1247/mo), mom’s SS ($1345/mo) & mom’s pension ($1991) for their retirement (absent their retirement savings that I am not aware of). + + +(4) Pooled Money: We were able to pool funds with our relatives to the tune of little bit over $100k. He immediately wanted to spend it to pay off the credit cards, but we are currently making him wait while we figure out what to do. + + +CURRENT INCOME: They both make $97,000 combined a year on a pre-tax basis. Take home comes out to about $5279/mo. + + +EXPENSES: We are currently trying to figure this out. We are sitting with them this week/ next week to get this sorted. + + +GAME PLAN: So this is where I wanted to ask for your opinions. + + +As far as student loan goes, we’ve considered consolidating with Sofi, but it seems like consolidated PLUS loans are eligible for income contingent plan (https://studentaid.ed.gov/sa/repay-loans/understand/plans/income-driven) - so we think that’s the approach we will take to limit the monthly repayment to 20% of their "discretionary income" (I am trying to figure out what the definition of "discretionary income" is for the purpose of loan payments). + + +For credit cards, he wants to pay off everything with $100k that we collected. But, our preference would be to look for 0% balance transfer cards (Chase Slate (15 months), Discover IT (18 months), Citi Simplicity (21 months)) as much as we can, so that they can actually pay the balance down, without touching $100k as much as possible. Regardless, they will keep $100k, but we just to avoid running into this situation 10 years from now again… with another $60-$100k in credit card debt. + + +Any thoughts or advice would be greatly appreciated… thank you all! + +**Take my words with a grain of salt. But always remember, advice may very well be bad advice. Apply critical thinking.** + +It seems like I caused quite a stir here. Oh bad bad me. But my point still stands. + +In October, I made a post about AAPL and asked whether it would be a good time to buy calls. AAPL was trading around $143 a share back then. I wanted to buy calls because AAPL was hitting the bottom trendline of a major ascending channel, according to my technical analysis. + +I was laughed at by people here telling me that I was "stupid" and that "it would never work" and that I was a "moron" for believing in technical analysis. I DID BUY THE CALLS, with some doubt tbh, and set a stop loss. Sold them two weeks ago at a handsome profit of 56k. + +Maybe I AM stupid, but I'm willing to ask questions and learn from mature, experienced people. + +**What I learned is, don't ever take Reddit advice seriously. Trust your instincts, and if you make a mistake, learn from it and move on. Learning from your own mistakes is much better than taking bad advice and then learning from them.** The fact is, as much as some of you want to deny it, this subreddit is made up of a limited number of decent people but a whole lot more adults that, like immature kids, tend to call you peculiar names and throw temper tantrums the second they find your opinions disagreeable, not unlike WallStreetBets. You should always be cautious when getting advice here. That's for your own benefit. + +It's sad that nowadays, people only want to hear what they believe in, but refuse to change perspective and hear the other side out. + +https://preview.redd.it/ob8acbuwcz781.png?width=1168&format=png&auto=webp&s=6e6b3eb8aa855a825eda117f1c8ccd0e0e9dbc8e +Forget the damn beer flu, this retarded sub is FAR more infectious and dangerous. I was just a normal fucking 26yr old guy who works a factory job and throws 2% into my 401k and 50 bucks a week into savings. Then I found this sub and now ive spent the last 2 weeks reading up on options trading and strangle strategy and shit. That's right I've spent my down time reading dry ass information about stock market options. I like fucking actually just woke up from a dream where the market opened green and skyrocketed monday. I'm so sick in the head I grab my phone and check robinhood for no reason. Because of you assholes I grind my teeth everyday just trying to fight the urge to set all my cash on fire with YOLO calls on a fucking space taxi company. Yall are sick and need to be stopped, this is no way to live. +Crowd Control turned up to strict. + +**Do not PM a mod** if your post / comment doesn't go through. It is either because your content was flagged as spam, or your account is too new / has too little karma. + +As always, no stocks under $1B market cap, no crypto, no SPACs, don't spam, don't shill your merch / referral / wsb fansite / onlyfans, don't get overly political, and of course, prepare to make some tendies. +I'm a new trader, and my trading style is day trading and scalping. I mainly trade major pairs and metals (gold and silver). + +Recently I made my first deposit of 1k EUR to IG broker. +The spread there is usually 0.6-3 pips on average for major pairs, and 0.3 point for Gold. + +**My lot sizes range from 0.05-0.1, and after 200 trades I realized the total cost of spreads is around \~400 EUR.** +**That's 40% of my initial deposit, and I've only been trading for 2 months.** + +In the long run, the cost of spread will likely have a huge effect on my P/L, and could "kill" my account. + +Is this normal? +Should I consider to switch broker? Which ones are good for day trading/scalping? + +Edit: I only make trades during the day when there is high volumes and low volatility, so the spread with the broker is at minimum. +Hi guys, + +So this was the first week that I was into Forex. I had traded it before like 7 years ago, during my post grad. I also had around one and half year experience in trading cryptocurrency. However, as I learned more about the technical and fundamentals, I had decided to leave crypto and back to FX. The first week was exciting, here is some of my tips for anyone looking into the market like me: + +- You do not need indicators. Yes, I mean it. Indicators are all behind the prices that replicates the past history with little to no future. Try to learn Price Action, that’s the only thing you need to get going. +- You NEED to be a 3-in-1 person to be a trader: Risk management, Portfolio management and Trade management. Most people I met said themselves to be traders, but they never know about risk management. +- Trading is like business, it’s a long way, not a short-term gain. If you treat your trading game as an investment, you should not risk more than 2% of your capital for a trade. Stop-loss is a MUST. +- Keep your emotion away: I always plan ahead for a trade, then leave it out there, just to check one or two times to see if it hit or not. + + +Hope you guys find it useful, I’m still learning everyday. If there is anything new, I will add in. + +https://www.cnbc.com/2021/05/25/amazon-ad-revenue-now-twice-as-big-as-snap-twitter-roku-and-pinterest-combined.html + +The major growth in Amazon's advertising unit means its revenue contribution is now 2.4 times larger than Snap, Twitter, Roku and Pinterest combined, and it's growing 1.7 times as quickly, according to Loop Capital. + +Amazon's "Other" unit, which is primarily made up of advertising but also includes sales related to other service offerings, grew revenue a massive 77% year-over-year to more than $6.9 billion in the first quarter, the company reported last month. + +This is another bright spot of amazon stock. Ad revenue is highly profitable like AWS, so it could use the profit to support other business. The ad revenue is growing very fast so it could able to compete with FB and Googl in the future. The stock is trading under $3300, investors should consider buying some and hold. + +Thanks for the awards. +Now, I've never really been great with money... I have a decent job at a small factory that makes plastic fittings, making $15/hour. I have a little bit saved up - about $800 - but I just started three weeks ago. I'm 19 years old and always say I'm ready for the real world, but honestly, I'm really fucking scared. + +What scares me is that I have no idea how insurance works or how to pay bills. I don't know how to manage having an apartment or anything. I'd love if I could sit down with one of my parents and they could help me, but if all of us aren't working a certain day, they're busy getting the house cleaned and things packed. I need to be out within the end of this month. + +Do you guys have any money saving tips? Hell, even the basic jist of how to pay my own bills. Phone, car (when I can afford one), etc. Anything honestly helps. +Hi All, + +I just noticed on twitter that the BoE has asked banks to be ready for negative rates, but that they aren’t imminent. + +I have some savings in a cash ISA, which gets very low interest but is also low risk (stocks can go up and down a lot more, cash is cash). If the bank rate goes negative, can the bank start to charge me interest to keep my money on account? +NOTE: The title should have read “my bank paid me £0.01 interest this month based on ~£2000. I would be 77100%+ better off had i staked that £2000” . This is because it’s mathematically impossible for something to be more than 100% less. It would be 99.999… + + + + +Banks make a tonne of money off of our money and custom. It’s well known that banks manipulate the money supply and interest rates. They have the ability to increase and decrease the money supply, resulting in major economic changes. They make money from interest loans, account usage, applications, ATM charges, credit card charges, deposits, withdrawals (depending on which account you have). + +A central bank’s actions also have an effect on imports, exports, and overseas investment & Central banks use a network of banks to distribute money in an economic system . The problem with the structure described above is that it places far too much trust and responsibility on the decisions of a central agency. + +Cryptocurrencies such as Bitcoin solves a few issues. No double spending, it’s algorithmic construct is decentralised, streamlined process to produce and distribute the currency. + +On top of that, let’s say if you had £1,000 and put it into USDC — which is a stable coin - that would be $1,331.76. You can stake that for 9.35% APR which could be $10.28 (£7.72) estimated monthly earning & $130.56 yearly. The monthly amount is a 77100% increase from the £0.01 my bank paid which they calculated on around £2,000 + + +Or, coins like Gala are up 216K%, a £100 investment into would be £216,426.9 — but obviously statements like that are easy to say in hindsight. But what I’m saying is, crypto is a great investment if you do your due diligence. + +We need to make our money work for us just like banks do, and cryptocurrency enables us to do so. Don’t spend money of big brands buy their stock. Don’t buy big chains (jewellery), buy physical gold/silver. Don’t rely on banks, gain control of your finances and do crypto 📈❤️ + +EDIT - here is The notification I got showing the £0.01p internet earned 😂😭🥺 https://imgur.com/a/TEZT8M2 +Hi, I'm the guy who made this [post](https://www.reddit.com/r/Bitcoin/comments/pkzwuw/im_from_el_salvador_ask_me_if_you_want_to_know/) and anwser most of your questions. I want to give everyone a quick update on how things are going. + +&#x200B; + +\-There haven't been any protest since september 7. Any kind of debate has gone to social media, people who support the law and those against it. + +\-The economy is ok, btc law implementation have not affect anything so far, for most people is just another payment method. It's like nothing have happened. + +\-Chivo app (official wallet) have still many issues, not from servers but the app itself, people are reporting many types of bugs and its funcionality is almost 0. It seems the app wasn´t ready to be released. You're logged out when you open or use the app, sometimes it works, sometimes not. + +Lightning network is fine, transactions are instantly. Transactions over the normal btc network takes a while, hours and days. There's a bug (not sure if it's alredy fixed) that sends a different amount of money than what you specify, for example, I wanted to send $20.00 from chivo app to my exodus wallet over btc network, the succes sign appear on chivo app but when looking at my balance again I notice only $2.00 have been sent...more than 3 days have passed and I haven't receive the money in my exodus wallet. On chivo app there is a clock sign next to that transaction, I assume the money is still on the way. This had happened to many users. The delay issue also appears from chivo to bank account transactions. Most stores aren't accepting btc if you're using chivo, you need to use other wallets. + +Chivo app information that I know: + +\---Lightning Network + +\---Btc invoice address format is P2SH + +\---Sending money from chivo to other wallets have 0 fees. (Since the sender is the one who pays the fees) + +\-Chivo ATM's are presenting problems too. Some of them are closed or removed. Don´t really know the exact reason. + +\-Many stores are waiting for POS systems to be delivered and are not accepting btc. + +\-For the people who wants to help small local producers by purchasing their products with btc or simply wants to contribute buying a cup of coffee like r/BtcCoffee, I highly suggest to wait a couple of weeks for chivo app to work correctly, only in that way an impact can be made. People doesn't know that a worldwide community wants to support them. + +I work in marketing and I may be able to to create a link for those who are interested in supporting small local producers with btc. If someone is thinking of buying houses or land here in my country or at least wants to get some insights about it, I recently made contact with some real state sellers so I can be of help. + +Anyways, as I've said before, let's wait a couple of weeks and see how things evolve. Please remember my username so you don't miss any update. + +\*If you have any questions please look first at my last [post](https://www.reddit.com/r/Bitcoin/comments/pkzwuw/im_from_el_salvador_ask_me_if_you_want_to_know/) where I describe most of what is happening. +I'm sharing my story with the hope that I can prevent people from following in my path, so gather round for a tale of youth and financial irresponsibility. + +I began investing in crypto in October 2017 when some co-workers of mine started getting into crypto. I didn't invest too much at first, but I almost made 10,000 dollars from XRP within two months, decided to ramp up my investments, then almost made another combined 10,000 from other coins. Well, I say "almost" because I never cashed out of course. I felt like things were only getting started in December 2017 and that my gains would skyrocket in 2018. I was getting more greedy and my mind ran wild with the financial possibilities of crypto. Days at work would be spent researching crypto and daydreaming about retiring before I'm 30. I felt like a Cryptodamus and that every crypto I invested in would produce crazy gains. I would always read "don't invest more than you can afford to lose," but would idiotically dismiss it just because I made lucky gains on some shitcoins. + +At first I would make Coinbase purchases with credit cards, then I moved on to taking out loans after Visa started considering credit card crypto purchases as cash advances. My dumbass figured "hey, I'll just use credit cards for everyday purchases and take out loans so I have money to invest in crypto now." Within the span of about 8 months I took out three loans totaling about 15,000 dollars. I treated crypto like a glorified casino and would constantly "buy the dip," telling myself it's just a really short bear market and the next bull run is just around the corner. What do I have to show for my crypto investments? A portfolio that's 77% down. I still buy crypto every now and then, but it's only a very little in order to DCA some of my investments. I should've been smarter and put just a little into crypto from each paycheck. The moment you start putting in more than you can afford to lose is the moment you need to step back and reevaluate your life. + +My reckless gambling has put me in a hole where I can barely stay financially afloat. Oh, did I mention I emptied out my savings back in 2018 to buy crypto? Yes, that was another blunder I strongly suggest no one else does. I managed to build my savings a bit back up, so now I'm almost 2 missed paychecks away from financial ruin instead of 1. My friends, family, and girlfriend have no idea how financially fucked I am right now. + +At this point I just want to cash out to pay back my loans and credit cards, but I'm at a point where cashing out wouldn't be enough money to pay them back, so it's not worth it. I figure I'll just weather the storm until a bull market returns. If it doesn't, I'll be picking up the pieces of this gamble for years. Good thing I'm only in my mid-20's I guess. Just don't do what I did. It's not fun having financial burdens (that you yourself created) looming over your head every day. + +TLDR: Recklessly gambled like a dumbass. Got rekt. Also, have a game plan for taking out profits. +Zillow’s unexpected announcement this week that it’s putting a temporary stop to its home-buying activities raised many analysts’ eyebrows. And some argue that more concerning trends could be on the way. The service, Zillow Offers, is what’s known as an “iBuyer” — it purchases and sells homes directly to consumers, typically renovating them in between. + +Following a report from Bloomberg, Zillow Z, +1.85% ZG, +3.98% confirmed that its Zillow Offers division would not be signing any additional new contracts to purchase homes through the end of 2021. In explaining the move, Zillow said the company was facing a backlog of renovations and dealing with operational-capacity issues. + +**Labor and material shortages-** + +“We’re operating within a labor- and supply-constrained economy — inside a competitive real estate market, especially in the construction, renovation and closing spaces,” Jeremy Wacksman, Zillow’s chief operating officer, said in the announcement. She added that the pause would enable the company “to focus on sellers already under contract” and the company’s existing inventory of homes. Other iBuyers have not followed suit, as of now. In fact, it’s just the opposite — most of Zillow’s competitors re-emphasized their expansion plans in response to the announcement. + +[https://www.marketwatch.com/story/zillow-pauses-home-buying-raising-red-flags-about-the-real-estate-market-11634678311?mod=mw\_latestnews](https://www.marketwatch.com/story/zillow-pauses-home-buying-raising-red-flags-about-the-real-estate-market-11634678311?mod=mw_latestnews) +With the massive growth of Cauliflower everything (Oprah’s pizza brand, chips, crackers, etc.) this is a trend I do not want to miss. + +I’ve done some research and am yet to find public firms on the market. + +This is definitely a cash crop and I was wondering if anyone had any insights. +Long time no see r/FI, don’t worry you didn't miss a post. Thank you to the handful of people who checked up on me, it was very lovely of you. A year and a bit has passed but my net worth has doubled. Here’s what happened: + +&#x200B; + +* reached the 500k milestone in Nov 2020 ahead of schedule, but I knew the following developments were happening so I wasn’t going to bother posting multiple times in one year. + +* Got amicably downsized with 1 year severance in early 2021 (won’t give further info to reduce doxxing potential) + +* Sold our first house for a 300k profit in early 2021 (Toronto real estate was going bananas). As usual you will only see my half of this in my net worth. + +* Made a mistake in real estate by buying a house we ended up hating. Ended up selling after less than half a year, after all the fees probably break even cash wise but there will be a gain on our tax return which we will attempt to fight but we’ll see. + +* Bought our hopefully forever home very recently. + + +I’ve kept my previous post mainly intact but have made changes in ***bolded italics. All mentions of currency are in CAD.*** + +**About me** + +Hi! I’m a ***29F*** CPA living in Toronto, Canada. I wanted to post this to show the non IT people in this sub that there are other careers where it’s possible to increase net worth quickly despite not making 100k right out of school. I’ve always been a saver but I discovered MMM in December 2015 (when I was 24). The realization I could retire at 35 really lit a fire under my ass to save even more and actually invest it. I was working through my CPA at a big 4 accounting firm at the time and hated every second of it. To be honest, accounting is boring and a ‘meh’ career at best, but the money is good so I will most likely stay on this path until I feel FI enough, if not actual FIRE. + +I live in the most if not second most expensive city in Canada, sharing a ~~small~~ home with my SO that we purchased ~~last~~ ***this*** year. I have no expensive hobbies other than travel and lead a pretty ‘boring’ life. I’m slowly getting healthier and into exercising but those things are harder for me than saving money. + +The privilege – My parents paid for 3 out of my 4 years of university. That’s about 36k that I got for free which will never have to be repaid (I asked). That one year I paid for and for the 2 years I lived on campus I paid for myself through part time jobs before and during university. I also went back to live with my parents for one year rent free during my ***8*** years of working, which was a nice boost to my net worth during that time. + +Here are the numbers! + +**The goals** + +My spending goal in retirement for one person is $20,000-$30,000 per year (as part of a $40,000-$60,000 spend household). I expect my SO to pay their own way on this FIRE journey. The dream at the moment looks like contract work (3-6 month contract) and traveling the rest of the time*,* most likely for 5ish years of travel. On the off years, we could work, volunteer, whatever. These FIRE plans are not that defined because who knows what I’ll feel like in 5-10 years. + +All else being equal (is it ever?) I expect to achieve the following net worth milestones at the following ages: + + + +&#x200B; + +|**Annual Spend (individual)**|**$20,000.00**||**$25,000.00**||**$30,000.00**|| +|:-|:-|:-|:-|:-|:-|:-| +|FI @ 4%|$500,000|29|$625,000|30|$750,000|32| +|FI @ 3.5%|$571,429|30|***$714,285***|***31***|$857,142|33| +|FI @ 3.25%|$615,384|30|$769,230|32|$923,076|34| +|FI @ 3%|$666,666|31|$833,333|32|$1,000,000|34| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. ***The house sale and severance have really helped speed up my timelines here, but to be honest I’m not sure I’m ready to FIRE at this time, especially with a new mortgage. Currently about 2 years ahead of schedule though, which feels amazing (including only liquid assets).*** + +My flair is based on the first goal - $500k for 20k of spending at 4%. Is that going to be the number I FIRE at? ~~Probably~~ ***definitely*** not, given the expectation of a low growth environment in the near future and my young age at the expected time. But it’s a number that I would feel comfortable about enough to shift into something more chill. ~~It’s possible and even likely that I’ll experience the golden handcuffs phenom and stay for a while past that though to feather the nest and add security~~. ***Yes,*** ***I’ll probably work an additional 3-5 years (probably closer to 3) to establish a home and add some security to my nest egg. Probably looking at 1m in liquid assets? It’s overkill but might as well while I wait for my SO.*** + +Future plan/goals – I have no interest in having children, which enables my fast FIRE journey and long term travel plans. ~~Currently we live in a small bungalow in Scarbs with a basement unit that pays rent. Looking forward to selling in the next few years and buying a teardown to re-build, no enjoying living in an old house.~~ ***Currently living in a slightly newer 2 storey 4 bedroom detached house still in Scarborough but a bit further out.*** While Canada is great, it’s also possible that I will be OK with living somewhere else with single payer health care long term (I hate winter). + +**Income history and Net Worth** + +I started my career at a big 4 accounting firm making 45k, then 50k the next year, then 60k the next. These are standard salaries for this job in my city – Toronto. During this time I was renting a place downtown with a roommate or SO. + +After leaving the firm my first job out was at 75k , and I moved to live with my parents for that year. Getting rid of rent was amazing for my net worth. Then I moved to a more interesting job that I thought I would love for 80k and started paying rent again. Then I got bored and moved to another job, where I made 95k the first year and now 100k with very generous 20-30% bonuses. ***There was a lay off at this company so now I work for a new company at 110k, with hopefully a reasonable bonus.*** First year we (my SO and i) lived downtown paying rent, now paying down a mortgage. + +I do have access to a side hustle that I started participating in around 2016. It’s very CPA specific and involves helping incoming CPAs get feedback for their practice exams in preparation for the qualification exams we have to write in this profession (PEP and CAP for those in the know). I think I made <$2000 the first year I did it, but it grew steadily and I made $***36,000*** last year from this. ***2021 will be less rich since COVID has hurt enrollment numbers (probably 20-25k).*** + +My net worth started at -$10,000 on the day I graduated university in the summer of 2013. That debt was owed to my parents for a lavish long trip I took that summer which I repaid in my first year of working. No regrets. After I started working and saving, it began steadily going up. My records are spotty in the beginning, since I was just saving to save. + + + +|**Jul/2014**|**$10,000.00**| +|:-|:-| +|Sep/2014|$16,108.48| +|Nov/2014|$21,146.27| +|Jan/2015|$26,275.45| +|Mar/2015|$30,587.78| +|Jun/2015|$41,766.89| +|Sep/2015|$48,129.09| +|Dec/2015|$54,127.60| +|Mar/2016|$66,790.00| +|Jun/2016|$82,387.42| +|Sep/2016|$93,851.37| + +I reached the 100k milestone sometime in November 2016 at 24 years old, 3 years and 2 months after my first day of work. + +|**Dec/2016**|**$108,566.61**| +|:-|:-| +|Mar/2017|$124,818.16| +|Jun/2017|$137,332.79| +|Sep/2017|$159,339.43| +|Dec/2017|$184,239.82| +|Mar/2018|$196,280.12| +|**Apr/2018**|**$204,157.49**| + +I reached the 200k milestone sometime in April 2018 at 26 years old, 1 year and 5 months after 100k (4 years, 7 months after my first day of work). It definitely gets faster (especially if you have year of not paying rent!). + +All else equal and barring a downturn, I hope to achieve the 300k milestone around winter 2019. Depending on the side hustle this year and with my increased income, here’s hoping for Dec 2018 instead of March 2019. Well that didn’t work out, but that was mainly because of saving up for the house during the low market in the 2018 winter and the closing costs. + + + +|Jun/2018|$211,046.07| +|:-|:-| +|Sep/2018|$228,258.78| +|Dec/2018|$235,142.81| +|Mar/2019|$278,189.27| +|**Apr/2019**|**$300,030.50**| + +Why the big jumps toward the end there? Bonuses and side hustle money coming through (it comes in large chunks) and the tenant providing first and last helped as well. + +The 300k milestone was reached at the very end of April 2019, one year after 200k. It’s definitely getting easier and easier to amass more money as my income grows and the growth compounds due to the nest egg size. + +I’m hoping 400k comes around the same time next year. Side hustle should be around the same this year but we’re planning a lavish vacation and some minor renovations. + + + +|Jun/2019|$307,811.29| +|:-|:-| +|Jun/2019|$341,536.98| +|Dec/2019|$376,130.50| +|Jan/2020|$397,007.64| +|Feb/2020|$381,471.98| +|Mar/2020|$361,550.87| +|Apr/2020|$408,911.06| + +More lines than usual because I wanted to show the COVID drops. It took my bonus and a side hustle payment to get me to crossing the 400k line, along with a minor market recovery. + +The 400k milestone was reached at the very end of April 2020, one year after 300k. 500k is less than a year away should my plans for 2020 work out. + + + +||Total NW|Liquid NW| +|:-|:-|:-| +|Jun/2020|$424,421.56|| +|Dec/2020|$528,808.77|| +|Apr/2021|$777,222.53|| +|Jun/2021|$806,666.65|| +|Aug/2021|$826,666.90|$726,566.90| + +***I’m intentionally trying to obscure exactly when the major events outlined above have occurred for privacy, but by April the dust has cleared on the cash coming in. This includes the severance, bonus, and the house sales. Since I’ll be more focused on the liquid net worth going forward, I’ll probably wait to post till $900k liquid.*** + +**Monthly expenses** + +***Here are the 2020 expenses and 2021 so far. Expenses have definitely increased a lot due to home ownership and a lot of eating out due to general laziness/having to be out of the house for showings.*** + +***2020 expenses*** + +&#x200B; + +||Spending YTD|Monthly Average| +|:-|:-|:-| +|Mortgage|$15,527.52|$1,293.96| +|Property taxes|$1,940.05|$161.67| +|Hydro + gas|$1,186.39|$98.87| +|Internet|$665.85|$55.49| +|Water|$468.28|$39.02| +|Insurance|$848.88|$70.74| +|Transportation|$441.80|$36.82| +|Car|$530.83|$44.24| +|Groceries|$1,888.13|$157.34| +|Eating out|$2,601.95|$216.83| +|Misc|$4,308.03|$359.00| +|Tenant|\-$5,310.50|\-$442.54| +||$25,097.21|$2,091.43| +|House one time costs|$23,923.55|| +|Travel|$466.78|| +|Clothes|$0|| +||$49,487.54|| + +***2020 was all about renovating the house for a flip. With COVID, I continued to work from home and my phone continued to be covered by my employer. We purchased a car towards the end of the year as well. As before, any health/dental over and above work insurance goes into Misc (Netflix is in there too). Misc is really large due to a new personal laptop, new computer chair, and some laser hair removal.*** + +***2021 expenses to date (8 months)*** + + + +||Spending YTD|Monthly Average| +|:-|:-|:-| +|Mortgage|$11,784|$1,473| +|Property taxes|$1,414|$177| +|Hydro |$332|$41| +|Gas|$517|$65| +|Internet|$439|$55| +|Water|$124|$16| +|Insurance|$653|$82| +|Transportation|$67|$8| +|Car|$1,114|$8| +|Groceries|$1,662|$208| +|Eating out|$1,971|$246| +|Misc|$2,848|$356| +||$22,926|| +|House one time costs|$7,522|<Renovations for the intermediary house| +|Travel|$982|| +|Clothes|$148|| +||$31,578|| + +***The mortgage for the intermediary house was quite big since we chose to borrow more instead of putting the profits from the old house into the new house. While this was the mathematically correct thing to do, emotionally I felt quite house poor which reduced my enjoyment of the house. This is something I will consider in future real estate decisions that I wanted to highlight if anyone else is making a similar decision. On the new house we put 20% down and this has made the mortgage payments much lighter. Misc is again high but for different reasons – I no longer have my phone paid for so I had to purchase one and get a phone plan. Moving costs are also included in here.*** + +***Our goal for the remainder of 2021 is to reduce food spending, we’ve been spending with reckless abandon on this category and need to rein it in.*** + +Please keep in mind that these expenses are for *myself only*. My SO and I split household expenses and spend our own money on items like clothes or video games. I don’t foresee our essentials spending increasing above what it currently is ~~and the tenant is very helpful in reducing those costs to a level where it is cheaper to live in the house than our previous condo rental without taking into account future selling prices, etc~~. We did consult a rent vs buy calculator before purchasing and the first house was still in the buy zone which is rare for Toronto. ~~I foresee us staying here for around 2-5 years before flipping into a newer home.~~ ***We ended up staying 2 years in the old house, mostly because it was a good time to sell. The second house was a less well thought out decision and as noted above, a mistake. The third house we definitely considered more carefully, hopefully we’ll stay here a long time to minimize transaction costs and money spent on real estate.*** + +**Investments** + +My tax advantaged accounts are maxed out and self-managed through a DIY brokerage. My taxable contributions are split evenly between the same self-managed DIY brokerage and a robo advisor for shits and giggles. The robo advisor is ~~winning~~ ***losing*** ***at the moment, because wealthsimple did something weird with their bonds and I lost 10k overnight .*** ~~I view my DIY brokerage holdings as a whole unit so my taxable account gets the brunt of the bonds (low rate environment).~~ + +The DIY Portfolio is as follows: + +***Cash: 0.1% (preference is 0%), everything is in the market *** + +***Bonds: 1.6% (preference is 5%), sold it all in March to buy more ETFs.*** + +***REITs: 1.4% (preference is 2.5%), VRE mostly. Also meh about this allocation.*** + +***Canadian dividend stocks: 2.8% (preference is 2.5%, my investing strategy used to be dividend based so this is a remaining position from then), CDZ.*** + +***Canadian Market: 2.6% (preference is 2.5%),VCN*** + +***US Market – hedged to CAD: 23.8% (preference is 25.5%),VUS/VSP*** + +***US Market – unhedged: 28.5% (preference is 25.5%), VUN/VTI(n USD)*** + +***International (both developed and developing) – unhedged: 38.5% (preference is 36.5%) XEF+XEC/VXUS(in USD)*** + +My robo advisor has split my investments as follows: + +Cash: 6% + +Bonds: $9% + +Low carbon global stocks: 30% + +Canadian stocks: 24% + +Global stocks: 16% + +Cleantech stocks: 15% + +***I finally called them to change my risk level from 8 to 9.*** + +***Since it was requested last post, here is m******y net worth is split as follows (rounded):*** + + + +|Cash|$18,000| +|:-|:-| +|TFSA (CAD equiv of Roth IRA)|$116,000| +|RRSP (CAD equiv of 401k)|$174,000| +|Taxable account – self directed|$206,000| +|Taxable account – robo advisor|$195,000| +|Other investments (community bonds)|$12,000| +|House Equity|$100,000| +|Car Equity (Should probably discount this?)|$5,000| +|Total|$827,000| +|Liquid Total|$727,000| + +***The cash amount is only this high since I was holding cash for the downpayment. Once everything settles down and we buy furniture and stuff, cash will go down to near zero. All of my tax advantaged accounts are maxed out.*** + +&#x200B; + +I’d love any advice on my allocations. I rebalance when I invest so it’s a bit slow. + +Is there anything else you want to know? + +If this post is well received and the community feels it’s useful, I’ll make another one when I get to $900k liquid investments. +[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/) +Currently working as admin for a relatively large company, on $26hr FT. Can step up and do different roles but so far I’m happy where I am. Amazing team and quite easy role. Never bring work issues home with me. + +Been offered an APS 3 role starting salary $63ish K a year. Location close to home. I know it’s 15.4% super. Are there any other benefits that I should know about? +Obviously job security is also a huge thing. Feel like I’m torn - easy role, great team or new job with more money, and not sure about team? 😔 +I asked a question in r/NoStupidQuestions, and there were enough questions and unsatisfactory answers that spun out from that that it warranted a more fleshed out question in r/AskEconomics. The question is this: +Is it possible to print money to raise wealth in a country, but avoid hyperinflation by capping prices across sectors? +If the value of the currency is based on purchasing power, and you cap prices so that the cost of any given good or service remains the same, shouldn't the value of your currency remain static, no matter how much of it is in circulation? +One would have to tie a fluctuating cap for products with insufficient domestic supply to international commodity prices. For instance, the price of an apple fluctuates (only if domestic supply is insufficient) in line with the fluctuation of the international market, with trade agreements set up to respect that. Or if a domestic manufacturer is making airplane parts from imported pig iron, the price of their parts fluctuates with the unimproved commodity price. +If a country works on a system of price controls and trade agreements first, to avoid initial hyperinflation, and once it can satisfactorily prevent leaks, start raising currency levels, could this work? +Thanks for the help! +I saw a video (https://www.youtube.com/watch?v=ME1hVozRIcA&list=WL&index=3&t=12s) from a heavily left leaning Youtube channel in which the creator debunked The Economic Calculation Problem. I was wondering what you think of their points. + +I have described their main points relevant to the Economic calculation problem (ECP) itself below. Be advised; these are not direct quotes despite the quotations, however close to it: + +Chapter 1.5. + +“ECP falls apart when taken into consideration satellites, internet, and modern computing. By the 1940s the theoretical responses to the ECP solved this non-issue especially in relation to consumer goods. By the 50s L.V. Kantorovich proved that you could carry out rational economic planning and optimize production without money ( https://pubsonline.informs.org/doi/abs/10.1287/mnsc.6.4.366 ) Lange, Davidson, and dozens more have contributed to this discussion.” + +Chapter 2: Failures of the Market + +“Robin Hahnel argued that markets are systematically inefficient because externalities are pervasive, and markets are rarely truly competitive or in equilibrium. Manipulation of supply and demand through arbitrary pricing, hoarding, lobbying, brands as status symbols psychological targeting for artificial demand, simulated peer pressure and unethical consumer targeting are important realities of inefficient markets. These uniformly competitive markets found in textbooks do not exist in real life and real markets don’t conform to those models. Fully competitive markets are impossible and undesirable to capitalists.” + +“If the market is so efficient, why are boom and bust cycles and their severe negative effects so common, and why is it that when these severe recessions happen, capitalism isn’t saved by the market mechanism but by government bailouts. “Even in market economies, the markets described in textbooks are the exception of areas like the world oil and currency markets. The main industrial structure of an economy depends on a complex interlinked system of regular producer-consumer relationships which the same suppliers make regular deliveries to the same customers week in, week out.”" + +Chapter 3: Planning Under Capitalism + +In this chapter the creator claims that large corporations, like Amazon and Walmart, are example of large-scale successful planning. I decided to skip this chapter as the creator doesn’t seem to understand that these corporations still rely heavily on price signals in decision-making. They recommend a book called People’s Republic of Walmart by L. Phillips & M. Rozworski relating to the topic. + +Chapter 4: Planning Under Socialism + +“Planning has been used in several countries. Within three decades USSR, the country that began as a backward land of peasants devoid of industrial production, became a modern nuclear superpower. USSR did this and practiced planning without powerful computers. As Allen (2003) shows, the only capitalist economy whose long-term growth rate exceeded USSRs, was Japan, whose own model was some away from unplanned capitalism. Compared to other countries starting out at the same economic level in the 1920s, the USSR grew considerably faster. Peter Murrell reviewed empirical studies on efficiency in the socialist economies (https://www.aeaweb.org/articles?id=10.1257/jep.5.4.59). He found out that virtually all planned economies performed as well or better than market economies. His research found that even at 100% allocative efficiency of inputs, soviet outputs would grow only by a meager two percent, proving that socialist economies had a pretty high level of allocative efficiency." + +“The idea that only the market can set prices close to the equilibrium levels is wrong. Eric Dietzenbacher and Hans Jurgen Wagner compared East German and West German data and found out that the divergence from optimal neoclassical prices to be identical between the two countries (16.1% and 16,5%). “ +“History has shown that planned economies, even with their historical shortcomings, Prove Mises’ and Hayek’s criticisms to be generally unfounded.” + +“The argument saying that even modern powerful computers and AI cannot surpass markets efficiency misses that the aim isn’t to beat the market at efficiency, the market is garbage at that already. The point is to do a good enough job that all base need of the population is met; the aim is not to simulate markets, it is to replace them. Furthermore, even by profit maximization standards, planned economies did a decent job. + +Chapter 5: The Future of Planning + +In chapter 5, the creator argues that Mises misses the possibility of a social economy setting internal prices not as an expression of market value but as an expression of alternative options, to move resources between enterprises. Also, that, with enough data and mathematics you can calculate your way to efficient prices, but even this is not necessary, in his opinion. They argue that labor time can be used as an alternative to prices, something Mises himself conceded. +With modern computing, they argue, it wouldn’t be too difficult to maintain up-to-date figures of the labor costs of each input to the production process. The creator also mentions calculation-in-kind as a modern solution. They say that even if ECP was a problem in the past, it wouldn’t be anymore. + +Chapter 6: The Failure of “Argumentum and ECP-um” + +In this chapter the creator summarizes some earlier points and focuses on the price system not being a great allocator of production, as well as it being only good enough for maximizing profits. They also argue that there is no empirical evidence showing that the ECP was ever a real issue to socialist economies. + +Disclaimer: +More points came across in the video, but i personally thought these were most of the best ones as they had some empirical evidence backing their claims. + +Sources: +The creator failed to site all sources he talked about in the comment section, so I decided to look up some that he did and add them inside the text. Some of the sources are awful. Here are the ones they sited: + +http://libcom.org/library/economic-calculation-controversy-unravelling-myth + +https://newleftreview.org/issues/ii116/articles/evgeny-morozov-digital-socialism + +https://medium.com/@dfmcmullen/debunking-austrian-economics-socialist-calculation-problem-c51718b5f5e2 + +https://cosmonaut.blog/tag/economic-calculation-problem/ + +https://www.jacobinmag.com/2012/12/the-red-and-the-black/ + +http://www.socialisteconomist.com/2019/08/real-problems-of-socialism-and-some.html?m=1 + +https://libcom.org/library/capitalism-socialism-defence-paresh-chattopadhyay + +A, Cottrell. P, Cockshott. “Calculation, Complexity And Planning: The socialist Calculation Debate Once Again” +Take the Dutch Tulip Crisis for example. Let's say I invested in futures for tulips that withered en route. Doesn't the money I invested still remain in circulation with the future-seller? Why do speculative bubble-bursts cause recessions/inflations? +I've tried to google it and search for it here but I don't see anything really addressing this. Is it or should it be a cause of concern that the UK's economy has never passed it's 1998 GDP numbers and Canada peaked out in 2013 but hasn't really had much growth since 2008. In a world of increasing competition are these countries getting left behind? And what would be the implications of it if they were? Or if this isn't the case, is it proof that power's consolidating in the world? I'm not trying to get political I'm just curious what's driving this or how it's interpreted by economists. +I've been tasked with holding a presentation about an economically significant year. I don't want to just do one about 2008 or 2020, so I came here to ask what years (after 1945) you guys consider as the most important economically? + +Thanks! +I don't understand if the government has the power to control the supply of money then why take taxes at all? Just keep some money for yourself before issuing new money. +Why do consumers, not producers bear the burden of tariffs? + +Do consumers always bear 100% of the burden? + +Do tariffs ever increase net wealth of a nation? +I saw a video (https://www.youtube.com/watch?v=ME1hVozRIcA&list=WL&index=3&t=12s) from a heavily left leaning Youtube channel in which the creator debunked The Economic Calculation Problem. I was wondering what you think of their points. + +I have described their main points relevant to the Economic calculation problem (ECP) itself below. Be advised; these are not direct quotes despite the quotations, however close to it: + +Chapter 1.5. + +“ECP falls apart when taken into consideration satellites, internet, and modern computing. By the 1940s the theoretical responses to the ECP solved this non-issue especially in relation to consumer goods. By the 50s L.V. Kantorovich proved that you could carry out rational economic planning and optimize production without money ( https://pubsonline.informs.org/doi/abs/10.1287/mnsc.6.4.366 ) Lange, Davidson, and dozens more have contributed to this discussion.” + +Chapter 2: Failures of the Market + +“Robin Hahnel argued that markets are systematically inefficient because externalities are pervasive, and markets are rarely truly competitive or in equilibrium. Manipulation of supply and demand through arbitrary pricing, hoarding, lobbying, brands as status symbols psychological targeting for artificial demand, simulated peer pressure and unethical consumer targeting are important realities of inefficient markets. These uniformly competitive markets found in textbooks do not exist in real life and real markets don’t conform to those models. Fully competitive markets are impossible and undesirable to capitalists.” + +“If the market is so efficient, why are boom and bust cycles and their severe negative effects so common, and why is it that when these severe recessions happen, capitalism isn’t saved by the market mechanism but by government bailouts. “Even in market economies, the markets described in textbooks are the exception of areas like the world oil and currency markets. The main industrial structure of an economy depends on a complex interlinked system of regular producer-consumer relationships which the same suppliers make regular deliveries to the same customers week in, week out.”" + +Chapter 3: Planning Under Capitalism + +In this chapter the creator claims that large corporations, like Amazon and Walmart, are example of large-scale successful planning. I decided to skip this chapter as the creator doesn’t seem to understand that these corporations still rely heavily on price signals in decision-making. They recommend a book called People’s Republic of Walmart by L. Phillips & M. Rozworski relating to the topic. + +Chapter 4: Planning Under Socialism + +“Planning has been used in several countries. Within three decades USSR, the country that began as a backward land of peasants devoid of industrial production, became a modern nuclear superpower. USSR did this and practiced planning without powerful computers. As Allen (2003) shows, the only capitalist economy whose long-term growth rate exceeded USSRs, was Japan, whose own model was some away from unplanned capitalism. Compared to other countries starting out at the same economic level in the 1920s, the USSR grew considerably faster. Peter Murrell reviewed empirical studies on efficiency in the socialist economies (https://www.aeaweb.org/articles?id=10.1257/jep.5.4.59). He found out that virtually all planned economies performed as well or better than market economies. His research found that even at 100% allocative efficiency of inputs, soviet outputs would grow only by a meager two percent, proving that socialist economies had a pretty high level of allocative efficiency." + +“The idea that only the market can set prices close to the equilibrium levels is wrong. Eric Dietzenbacher and Hans Jurgen Wagner compared East German and West German data and found out that the divergence from optimal neoclassical prices to be identical between the two countries (16.1% and 16,5%). “ +“History has shown that planned economies, even with their historical shortcomings, Prove Mises’ and Hayek’s criticisms to be generally unfounded.” + +“The argument saying that even modern powerful computers and AI cannot surpass markets efficiency misses that the aim isn’t to beat the market at efficiency, the market is garbage at that already. The point is to do a good enough job that all base need of the population is met; the aim is not to simulate markets, it is to replace them. Furthermore, even by profit maximization standards, planned economies did a decent job. + +Chapter 5: The Future of Planning + +In chapter 5, the creator argues that Mises misses the possibility of a social economy setting internal prices not as an expression of market value but as an expression of alternative options, to move resources between enterprises. Also, that, with enough data and mathematics you can calculate your way to efficient prices, but even this is not necessary, in his opinion. They argue that labor time can be used as an alternative to prices, something Mises himself conceded. +With modern computing, they argue, it wouldn’t be too difficult to maintain up-to-date figures of the labor costs of each input to the production process. The creator also mentions calculation-in-kind as a modern solution. They say that even if ECP was a problem in the past, it wouldn’t be anymore. + +Chapter 6: The Failure of “Argumentum and ECP-um” + +In this chapter the creator summarizes some earlier points and focuses on the price system not being a great allocator of production, as well as it being only good enough for maximizing profits. They also argue that there is no empirical evidence showing that the ECP was ever a real issue to socialist economies. + +Disclaimer: +More points came across in the video, but i personally thought these were most of the best ones as they had some empirical evidence backing their claims. + +Sources: +The creator failed to site all sources he talked about in the comment section, so I decided to look up some that he did and add them inside the text. Some of the sources are awful. Here are the ones they sited: + +http://libcom.org/library/economic-calculation-controversy-unravelling-myth + +https://newleftreview.org/issues/ii116/articles/evgeny-morozov-digital-socialism + +https://medium.com/@dfmcmullen/debunking-austrian-economics-socialist-calculation-problem-c51718b5f5e2 + +https://cosmonaut.blog/tag/economic-calculation-problem/ + +https://www.jacobinmag.com/2012/12/the-red-and-the-black/ + +http://www.socialisteconomist.com/2019/08/real-problems-of-socialism-and-some.html?m=1 + +https://libcom.org/library/capitalism-socialism-defence-paresh-chattopadhyay + +A, Cottrell. P, Cockshott. “Calculation, Complexity And Planning: The socialist Calculation Debate Once Again” +Why does the government not lend money to its people? Why does it lend it to banks who in turn lends to the people at higher rates (since the bank wants to profit), surely the government could just skip the banks and lend to us directly? + + +Most of Europe has this odd socialist thing going on where they give free healthcare and other benefits to its citizens, yet they don't claim to be socialists, what are they? Capito-socialists? +I think politically this is a classic Left/Right divide but what is the general consensus of economist? + +The left leaning arguments I imagine revolve around the idea that redistribution would stimulating consumer demand due to the high propensity to save of the very wealthy. Similarly, the things lower income people spend money on have typically have a higher multiple effect while the very rich hoard wealth and spend it unproductively. + +The right leaning arguments I imagine revolve around distorting markets/incentives and that it would lead to a reduction in investments and therefore long term growth. + +Is there good evidence that one of these schools of thought is more correct? How do we know if it is a lack of consumer demand or a lack of savings/investments holding back the economy? +My understanding is that the debate was long and acrimonious, and that a wedge issue is the relationship/discrepancy between 'price' and 'value', but I get lost very quickly beyond that. I'd appreciate some resource that explains it clearly, in detail, and with minimum political bias and "School" dogma. +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. +As most of us have seen, as of lately, there’s been a lot of talk about the shit ton of puts that are set to expire on 1/20/2023. My question as a smooth brain investor is what is the significance of this coming event? As I understand it, the DOOMPs might possibly be connected to total return swaps (which I still hardly know anything about). So if the puts do expire worthless, and theyre supposedly tied to these swaps, what would that mean for whatever entities holding said shit bags (whether thats the puts or the swaps)? + +Please know that this is not meant to be any kind FUD. I would just like to become a bit more knowledgeable and hopefully get my tits jacked in the process. So until I understand what might come of this I cant allow myself to get hype just yet. +Cash on hand: $1.4M liquid +NW: $9.1M +15% + +How much cash do you all keep and why? + +For me, I’m already heavily invested in equities and not sure at this point what to invest in. +Am I the only one who completely got destroyed this month? I've been run over by trucks like Microsoft, Target, Visa, Home Depot... 6-7 months of profits completely wiped out! + +And this is on 'safer' 15 delta iron condors. + +To those gurus out there who claim you don't need stop loss orders in options. ... well, I seriously disagree. + +Tuition money I guess... +In The Millionaire Next Door, I remember Thomas Stanley reporting that the millionaires in his studies preferred to shop at J.C. Penny for the value they were getting. I don't know that the "Penneys" of today is the same as that of 30 years ago. + +I ask because I struggle with what to spend on clothing. I \*like\* the styles and quality of items I see in REI, Orvis, Filson, local outfitters, etc, but can't bring myself to pay those prices. On the other hand, I buy cheap items and then end up having to replace them more frequently (I assume) because they're stretching out, pilling, fading, etc. + +Surely there's a middle ground, where you're paying a fair price for a decent quality that looks good, fits well, and lasts several years. + +(For context, I don't dress in business wear; business casual for work, then casual & "outdoorsy"/"athleisure" outside of work. But feel free to discuss your business wear for others!) +Hi. 19 year old driver here with 2 years of experience + around 40,000 miles with no tickets or accidents. Rear ended someone today who stopped at a yield with no oncoming cars. Was busy looking to see if there was oncoming cars and didn’t notice the lady in front of me. Slowed down significantly from 30 mph and hit her at around 5-10 mph (no dents on either of our bumpers and only minor scratches). + +As soon as we crashed, she stopped in the middle of the road and I pulled into a business right where the accident happens. She doesn’t get out of her car until 5 min later and just walks over to my license plate and takes a picture. I offer her $300 cash for the damage on her car and to not have to deal with the hassle from the cops and insurance, and she doesn’t say a word. I have insurance, I just did not want to deal with the headache. She was an old Indian lady, so maybe she didn’t speak English?? + +Cops come and ask for license, registration, and insurance. Was fumbling to find my registration and never gave it to him (it’s my grandmas car and was very flustered). He said it’s fine if you don’t have registration, license and insurance is enough. He comes back to my car and hands me back all of my papers, without giving me any ticket?? Do cops just not give tickets for minor fender benders? + +The cop also informed me that the lady had reported back pains. However, he kept assuring me to relax and reassured that this was only property damage. I asked how it is only property damage if she said her back hurts. Wouldn’t this be bodily damage? He was also talking to her for a VERY long time compared to me. + +Sorry for the rant. I’m 19 years old and have no idea how this works. Didn’t get her name or insurance. I think the cop not giving a ticket is a good thing? But please correct me if I’m wrong. Any insight would be greatly appreciated :) +In February and March of 21, when the situation was clearly out of control, what did they do? + +They attacked the subreddits, flooded them with bots and shills (We have more protection against that now, but they're slipping through) and then attacked the price in wild ways that- I don't even know if they were unprecedented, but they were sure fucked up and illegal as hell. + +We haven't seen this same behavior in a long while. My guess is, it was expensive, and risky. + +I'm assuming we're seeing this 'show of force' now because they're going to give it one last big go to try and get us to sell. They literally have no other choice. + +But that is all they can do. They can't actually compel even a single ape to sell, because we already know that hodling and drs'ing are the win conditions. Period. + +So just remember this, when they take the sub down. Remember when they mock us all across reddit and on the news for being uh.. whatever, a meme cult or some shit. Remember that none of your fellow apes are selling, because we will literally never have to. Remember that we found each other many times before and we will do so again, whether on reddit, on the moon, or on Uranus. + +This is the landscape of the endgame. They will do many things to try and survive. We only have to do the same 3 things we've been doing for the last 69 years. Buy. Hodl. DRS. + +Love you guys. + +EDIT: It's also worth mentioning, that until the MOASS; until we go "PARABOLIC," the best thing that can happen is a discount. What would you rather see on monday really? $45? Or $5? Because I know my answer. +Hey guys, + +I am a college student getting a couple million dollar inheritance soon from the death of a grandparent. Anyways, instead of spending items on frivolous material goods, I would love to see more of the world. + +Anyone have experience here with the National Geographic expeditions? They seem to have a ton of great options! Any recommendations for similar competitor travel programs? + +The idea of having an expert in an area take me around to learn about nature and foreign history really appeals to me (in a more FAT style). I figured I would ask here since a typical sub wouldn't have as many FAT travelers who could give some key insights. I am thinking of doing a couple "journeys" next summer (June, July) for \~10 days at a time. Going solo. Thinking about 5-10k per trip. Entire world beside Europe is fair game (been a fair number of times). Ideas and tips would be greatly appreciated :) +I have a question regarding the reality of day trading. I am here to ask, is it truly possible to make consistent profits and live solely off trading. I ask this because I constantly see this fake day-trading guru lifestyle being pushed on Instagram to sell courses, but I want to know about the normal people who make consistent, good money day trading. Is it truly possible? +I read a statistic that the overwhelming people who venture into trading fail. Why do you think that is? I'm reading peoples experiences on becoming profitable and they say it takes them years, I've been learning for a couple months now and am finding consistent profits in the simulator, I know it isn't like the real markets but I feel like it was a bit too easy. I'm not trying to flex but if someone avoided all the pitfalls by avoiding beginner mistakes that blow up accounts, and traded solely on a simulator for a couple months and if they properly risk manage, could it take only a couple months to become profitable? +Unless you were under a rock for the past 48h, you noticed what happened to weed stocks. It's pretty simple, we have 10x as many active users as before. Most of them, I take it, are newbies who suffer from **Paper Portnoy Syndrome**. Let me break it down, these **Paper Portnoys** either: + +A) Buy high and sell low to "mitigate" losses. Fuck these types might sell as soon as they see a 1-3% drop, literally locking in a loss instead of moving away from the screen and averaging down or holding + +B) Buy and sell upon seeing a 10-20% gain thinking to be the next wolves of wallstreet with the 500$-1k they made + +If this describes any of your tendencies, I hate to break it to you but WSB isnt for you. What was good about WSB pre-GME is we admired loss porn as much as gain porn. Fuck one of the best WSB movies of all time came out due to the bonafide retard [u/BearIncarnate](https://www.reddit.com/u/BearIncarnate/) betting his 401k on FDs SPY puts when the market was rallying for 6 months. + +A lot of us here dont mind seeing our portfolios down 30-50% on some days. Hell personally I get a lot of comfort knowing my portfolio is deep in the red because itll probs only go up from there. Every loss I incurred on the market was because I paper handed bitched and sold for a loss. Every stock I ever lost on wouldve gave me a W had I fucking held. Diamond handing is an ancient art and a skill. + +I worked in a grocery store and realized apparently even expired cheese will increase in price if you hold it long enough instead of throwing it out. + +Disclosure: I'm a retard and use darts to pick my stocks so then again, what do I know? +In the last 24 hours, a massive amount of USDT and USDC have been moved from wallets onto centralised exchanges. + +[Record amount of USDT moved onto exchanges](https://preview.redd.it/yj1s2zhlbo771.jpg?width=1800&format=pjpg&auto=webp&s=5c6f3ce2e7a6d90445b30f275f560d5969e5a2e9) + +Currently over $2bn USDT have been deposit on exchanges in the last 24 hours. Almost all of this was sent and deposited on Binance. + +&#x200B; + +[Record for USDC as well. ](https://preview.redd.it/selik5kpbo771.jpg?width=1800&format=pjpg&auto=webp&s=531ad9653d365a7905de0f9fd1497c6bbc761e36) + +The funds could be used for spot buying BTC or altcoins, or for longing or shorting via derivatives as well. So its anyone's guess what it is used for, but nevertheless interesting to see this kind of money moving again after few months crab market. +I don't make great money - I make just enough to pay the bills...but that's it. I still rely on SNAP and WIC to feed myself and my daughter because I'm under the federal poverty line. Because I work, I'm eligible for daycare assistance, but because I don't make a measly $7.25 an hour, I still have to pay 50% of daycare costs. I don't have family I can rely on to watch my daughter and I can't just simply "make more money" by job hopping or trying to rise through the ranks of my retail employment because then I'll lose our benefits. Literally, if I get a dollar raise, I'll have to report it and I'll probably lose everything. Every month it's been a struggle. My daughter's biodad is spotty with paying child support and his license is currently suspended for non payment and I suspect he'll be in jail pretty soon for just not giving a shit. + +I got a notice on my door today that the new property management is going to raise our rent in December. By $300. I already paid $1275 a month for a one bedroom apartment that has ants, roaches, the downstairs neighbors smoke pot and I can smell it coming through my vents and the neighbors across the hall are constantly screaming and fighting and I've had to call the police before because the husband/boyfriend/dude has threatened the kill the woman living there. But I can't afford anything else. One bedrooms in my area are running anywhere between $1500-1800 per month. + +There's no point to this post. I'm just venting and frustrated and scared. My kid turns 2 nine days after Christmas. I don't have any friends I could live with that don't have their own problems, I don't have family to really rely on for help. I constantly fantasize about winning the lottery so I can buy my own house instead of paying rent to this big corporation that is just trying to put money in their pockets. Hell, even my SNAP benefits don't cover food costs for the entire month with the way groceries have gone up - I get $255 a month for the two of us, and I'm still having to go to food banks (when I can get off work to go to our local one with their weird hours) to make sure we can eat. I shop at thrift stores, I only pay $35 a month for my cell phone bill, I don't have cable, just cheap shitty internet, I keep our apartment at 66 degrees, bathe every other day to save on water, etc. There's just no way to "cut" down on bills. I don't spend frivolously and I'm still struggling. I'd say it's got to get better sometime but I don't know if it it will. I just wasn't expecting to get the double whammy that rent and daycare would both increase in the next couple of months today. +I joined this subreddit, 3 months ago, depressed because I am an old broke fat guy. I am still an old broke fat guy, in fact, even broker! Nonetheless, this community makes me feel good about being broke. + +I see a dip, and I get exited because I can come in and watch everyone come together and bitch together. We suffer through the dips, applaud when the \[what the fuck is the opposite of dip is\] happens, and live, love and laugh. + +You guys really make losing money fun! Let's hope that none of you drop out so we can keep losing even more together! + +I love you all. +Hey guys, + +Throwaway, for obvious reasons. I'm a regular in /r/pf, /r/bitcoin and /r/bitcoinmarkets but I chose to make this account because my girlfriend is a redditor too and I don't want to get any backlash by posting this on my main account. + +For that reason I need to obfuscate some details of my story but I think you guys will understand. I'm in a pretty bad situation and I need some advice on how to proceed. + +A few years ago I became in charge of my family's finances. One of my parents passed much earlier than expected. My remaining parent didn't understand anything about finance or investing so I naturally stepped in to take over things and try to plan something for our family so that we could be financially secure for at least 10 or 15 years, enough time for me to get to a position in my career where I could take care of everyone with my own income stream. + +I started learning about trading, first with Forex. I was trading EURUSD and USDJPY primarily just with small amounts at first. Spent a lot of time on babypips.com learning technical analysis and how to extract as much value as possible from chart patterns. When I started I just used small amounts of money. My initial bankroll was $500. I ended up using too much leverage and blowing through my whole account because of some poorly time trades. Yes I know I should have used some common sense and not taken gigantic risks but I was just learning at the time. I worked at it a bit and started getting profitable. I would usually do my work late at night watching charts and drinking espressos, and there were several times that I took positions that netted me large profits so I'm confident that I've learned from my early mistakes. + +Then about a year and a half ago I started hearing about bitcoin, and how it was getting more valuable. I started reading about the blockchain, and this technology that is going to revolutionize the way the world thinks about money. I was excited about it, truly. I knew in my heart that this was going to be gigantic. So I took a leap. I took about half of all the cash I had in my checking account and deposited it at Mt.Gox. I didn't use any of the inheritance money, just my own from my part time job while I was a college student. + +Yeah. I know. Terrible idea in hindsight. I never got the money out before the whole thing collapsed. I wish I hadn't done it, but at the same time it wasn't a great deal of money to learn a lesson. That we can't just trust individual exchanges. + +Anyway, I learned a lot during that experience. I spent a lot of time analyzing charts. I learned how to use MACD and RSI indicators. I started getting good at being able to time things and on paper (of course) I was making very good profits. It's a shame that I didn't cash out before the whole thing went to shit because I probably would have enough money to last atleast a few years. + +Anyway, after Gox, I became really depressed but I still believed in bitcoin. I still thought it was going to be around for a very long time so I started looking for some more honest exchanges. I knew that what happened to me was just an unfortunate event that was unlikely to happen again. After all, Gox was being run by a pretty shady group. + +After I picked myself back up, I decided to deposit some of the inheritance money in some legitimate exchanges. In total we had about $300k after medical bills and other issues from the settlement of the estate. It was sitting in a checking account until about April of this year. I decided to put in $50k into two exchanges to diversify my risk exposure. Half I put into bitfinex and the other half I put into bitstamp. I spent 7 to 10 hours a day trading. + +The problem is that I've been taking mostly long positions. Every time the price drops 30 to 40 dollars I have been telling myself **this is it** -- **this is the bottom** and will take a position to make up for previous losses. + +I cannot understand why this is happening. I made some serious money several times but for the past 6 months or so I have taken huge losses. After the initial 50k I deposited another 50k, and then after losing much of that, and determining (wrongly, I might add, but I don't think my analysis was wrong) that we were definitely at the bottom, I went on to deposit another 125k. So far I am down a lot. My average cost per bitcoin is around $623. + +The losses just keep compounding. I don't know what to do. I'm getting incredibly desperate and sallow. I don't know how I'm going to explain this to my family. They know very little about bitcoin, but I have mentioned it on occasion and how I'm an enthusiast. I've even sent my sister and cousins some bitcoin to get them started. But now I'm worried that maybe this isn't going to work out. Every day I get out of bed and dread looking at the price of bitcoin. Because I know its going to translate into losses on the positions I've taken. I have tried really hard to avoid looking at the price but at this point I cannot take it any more. + +I'm just looking for a reason, any reason, to believe that things are going to get better. So far I've lost a lot of the estate money and I'll do anything to get it back. But I'm getting to the point where I feel like I might need to get to grips with reality and just cut my losses, admit to my family what I did and try to make it up to them. + +So I ask of you, please convince me one way or another (with some solid reasoning) to either sell all the coins I have on margin right now or just hold fast and weather this storm. + +Thanks +Climate change is at the top of President-elect Joe Biden's funding agenda once he assumes office on Wednesday, as the new administration looks to add jobs to the economy while combating the warming climate. + +In his $1.7 trillion climate proposal, Biden plans on reversing many of President Donald Trump's actions that relate to the climate on his first day in office, such as **rejoining the Paris Agreement, ending the Keystone XL pipeline, and establishing rules that limit methane emissions from oil and gas drilling operations. The proposals are also intended to boost the still-struggling economy, and by confronting climate change, 10 million clean energy jobs could be created if the proposal is successful.** + +"If executed strategically, our response to climate change can create more than 10 million well-paying jobs in the United States that will grow a stronger, more inclusive middle class enjoyed by communities across the country, not just in cities along the coasts," Biden's website states. + +The climate was also high up on the agenda during the confirmation hearing of Treasury Secretary nominee Janet Yellen on Tuesday. **Yellen told lawmakers that Biden's infrastructure plan will involve investing in clean technology, renewable energy, promoting electric vehicle usage, and creating jobs.** + +**"Climate change is a critical problem facing the country, and President-elect Biden is committed to a wide range of policies to address it," Yellen said at the hearing. "And in the process, making sure that in doing that we create good jobs for American workers."** + +**Yellen also said that Biden is in "full support" of restoring full incentives for electric vehicles, along with ensuring workers have the skills to succeed in the electric vehicle industry.** + +Democratic lawmakers support federal spending for combating climate change. Sen. Ron Wyden of Oregon said in Yellen's hearing that he hopes to advance a bill that will prioritize clean energy, clean transportation and energy conservation - efforts that address the "existential threat" of the warming climate. + +Given the partisan nature of climate proposals over recent years, whether Biden can carry out costly climate initiatives is uncertain, but Yellen remains clear that it will be a priority, and will benefit the economy through job creation. +Thought about posting this in relationship advice, but I think it's better here. I want to think objectively about this and find something that's fair. + +I'm 28, he's 30. He moved in with me about 6 months ago, and hasn't paid a single thing or offered to help with any expenses at all. We split date nights 50/50, so it's not like he spends money on me that I don't spend on him. I buy all the groceries. He will go buy his personal stuff like shampoo and what not, but every time I go shopping I ask if he needs something and I'll buy it for him. I never ask him to get me anything. + +He rented before he moved in with me, so he's spent a decade or so knowing how to pay rent and bills. After he moved in, i just assumed he'd help me with bills but he never mentioned it and neither did I. Stupid, I know. + +He makes more money than I do and has less bills. I live practically paycheck to paycheck but I get by. I think it's fair to ask him to contribute. So here's where my problem is. + +I have a 9yr old daughter and I bought my house, I don't rent. (She doesn't have a dad and I don't get child support at all, if that matters here) So, he's not a 50/50 roommate, he's sharing it with me and her, so I figured he should pay 1/3 of the bills. + +Here are the average living expenses: + +Water $70.00 + Lights $150.00 + Gas $30.00 + DirecTV $85.00 +Internet $45.00 + TOTAL $350.00 + + +Asking him to pay 1/3 of that would be asking for $116 and that just feels silly because it's not a lot. I also pay $1000 mortgage and $100 for lawn care, but I wouldn't feel right asking him to contribute to that. We do talk about getting married one day and want to stay together 'forever' so theoretically, my house could be his too at one point, so I guess it doesn't matter that I pay for it all. + +I just feel a bit used that I'm housing him and my kid and he gets to live rent free and bill free, and the only reason we have DirecTV is because he wanted it... I'm starting to get resentful when he buys himself expensive toys and I have no money left over to buy myself anything. + +Advice? Should I just ask for the $116? + + +**EDIT** Thanks everyone for the advice. The general consensus here is to ask for at least the $116, and most likely more. Yes, I know I have horrible self esteem issues, but spending 9 years as a single mom with a complex to be successful and not live up to the teen mom stereotypes left me feeling like I always need to prove myself worthy of things. I am going to talk with him after work today and ask him how he feels about our finances since we've been living together. Hopefully it goes well... if he gets mad, I might just point him to this thread. + + + +**UPDATE** + +Okay here's my update... When he came home from work, I of course, panicked, and didn't say anything. Then as the night went on, he asked a couple times if something was bothering me, probably because I am bad at hiding my feelings. I said no and shrugged it off. And I felt shitty for being such a coward and I actually thought about Reddit and how ya'll want answers and that gave me absolutely NO confidence at all, so thanks Reddit. + +THEN, he mentioned some client at work had talked about a possible job opportunity he wanted to look into, and he eventually said something like, "It would pay more money so that's cool." So I took my opportunity and said, "It'd be awesome if you make even more money, then you could start helping me with bills and stuff." + +The way I said "even more money" was kind of a dead giveaway that I was being moody about it so he asked what does that mean???? And I told him he makes decent money now and if he made more then he could help me pay bills. He said if I need help I should just tell him. .... all freaking nonchalantly like it's no big deal and like I'm an idiot for not knowing that *I could just tell him when I need money*. He said something like, "I thought you're good with money?" And I said I am good with it in that I'm proud of myself for not being in debt, (which is something I'm always proud of and have mentioned, so maybe he thinks I don't have money problems because I'm not in debt?).. I said "I have enough money to pay the bills but it bothers me when you buy toys and expensive watches and sunglasses and stuff and I can't buy a phone that I really want because I don't have any extra money, especially after paying DirecTV and stuff." + +Again, he said, "If you need money just tell me, I can give you some money." And then he reached into his nightstand where, to my surprise, was a few wads of cash, and he took out a hundred dollar bill and held it out to me. He was trying to be helpful, I know, but it really annoyed me that there's $22.36 in my checking account right now and here he is with wads of cash in the nightstand. + +At this point, when he's holding out a $100 bill, I start crying because I'm stupid. I also refuse to take the cash. We talked more, and I basically said that if we weren't dating and we were just roommates, we'd both pay rent and split bills. He argued that we're not roommates because we're in a relationship, so our money should be 'our' money, and that if we were to split bills then it'd devalue our "committed, want-to-get-married" romantic relationship and reduce us to just room mates. I said, if it's "our" money, how come only my money pays the bills? He apologized and said he'd help and that I just need to tell him how to help and he'll help. + +(It may also help to add in that he's dyslexic and hates paying his own bills so his mother helped him (before we met) to set up auto pay on his bills so that he never gets screwed by writing another backwards numbered check to one of his bills. So he doesn't really "pay" bills anymore, they just come out of his account magically without his help. Maybe this is part of why we've never mentioned my bills at my house??) + +So, by then, I was exhausted as talking and confrontations are like pulling teeth for me, so I simply said okay thank you and we let it go. I know this isn't a solution yet, but at least the topic has been brought up. This morning while at work, he texted me saying we should go buy me a new phone today and he'll pay for it. What's funny is that my first thought is that he doesn't need to buy me anything, he needs to help with bills so that I have my own money to buy myself stuff. But I think that's his good faith way of trying to make things right. + +I really appreciate everyone's advice and it was helpful hearing how other couples split their bills and take care of rent and living together. I know this battle isn't over yet, but I'm printing out the last month's utility bills and I'm going to show it to him and ask if we can start sharing who pays the bills, namely the stupid direcTV one. +**TL;DR** my question is: If I set up a 529 Savings account for my niece, is there any way that her parents could find out about or get early access to the account without my consent? As in, would the IRS or the entity with whom I open the account be obliged to inform the parents since the beneficiary is a minor? + +My sister, who lives in the US, recently gave birth to a baby girl who is just the loveliest thing. I want to ensure that if my niece wants, she can attend university in \~18 years and leave school with minimal to no student debt (I assume she will go to school in the US). + +I want to set up a 529 account and hopefully get it to build over the years, but I do not want my sister or my brother-in-law to know about it until my niece is a legal adult. Quite frankly my sister has never proven to be financially responsible, and I don't anticipate that changing anytime soon.Is there a way she could find out about her daughter being the beneficiary of a college savings fund? Could my sister be given access to the account without my consent since my niece is a minor? If so, are there alternative tax-friendly savings accounts for education purposes? + + +Edit: Thank you everyone for the responses, this has been quite informative. +On April 16, 2021 the Securities and Exchange Commission released a staff letter reminding brokers that they will be enforcing a rule which requires brokers that have "fully-paid lending" programs to carry collateral on the shares that are borrowed or lent out. This staff letter is a reminder that the rule will be enforced starting April 22, 2021 (**tomorrow**). + +I believe a lot of people misunderstood this letter, so let's talk about it in depth. + +## Original Letter October 22, 2020 +The SEC sent a letter to FINRA, in response to FINRA's findings that many "Fully-Paid Lending" Programs (FPL) were in violation of an SEC rule 15c3-3. Here is the letter: https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-fpl-20201022-15c3-3.pdf + +>Your staff has brought to our attention that a number of broker-dealers are operating programs in which they borrow fully paid and excess margin securities from their customers (“FPL Programs”). As discussed below, the staff of the Division of Trading and Markets (“Division staff”) believes that some of these programs do not comply with the requirements of the broker-dealer customer protection rule (“Rule 15c3-3”). The staff also believes it would be appropriate to provide a limited amount of time for broker-dealers to come into compliance with Rule 15c3-3 which would allow them to adjust or wind down such FPL Programs in an orderly manner. Consequently, the Division staff will not recommend enforcement action to the Commission if a broker-dealer operating a FPL Program that does not comply with Rule 15c3-3 for the reasons discussed below comes into compliance with the rule as soon as practicable but no later than six months from the date of this letter: April 22, 2021. + +## What is a Fully-Paid Lending Program? +The FPL Programs were created by brokers that wanted a new way to lend out shares and provide compensation to the owner of the share to lend them out to short sellers. This is important to note that FPL Programs lend your shares whether **you have a cash account OR a margin account.** "Fully-paid" quite literally means a share that you have purchased, own and paid for with *cash*. This *could* also apply to shares purchased on a margin account without your direct enrollment as part of a broker's Terms of Service. + +Lots of brokers have FPL programs: + + * Fidelity + * E-Trade + * Ally + * Schwab + * Interactive Brokers + * [Plus many more.](https://np.reddit.com/r/wallstreetbets/comments/l2n5wv/most_of_you_are_helping_the_gme_shorts_and_you/) + +Unlike shares lent out on margin accounts, you *typically* have to enroll into the FPL program in order for your shares to be lent out. That being said, I think some places like Robinhood and Webull lend out your shares by default. I am not sure if it matters if you have a margin account or a cash account. I believe they loan out your shares regardless unless you find a way to opt-out. What I could find in reference to Robinhood, is they *used to* pay you interest to borrow your shares. I've found a few people discussing Robinhood paying interest for lending shares back in 2016-2017. It seems like they may have changed in 2018 or later, now they just borrow your shares and keep the money. (It's gotta be *free* somehow..) Webull appears to have lending on by default and you must opt-out manually. + +## Rule 15c3-3 + +This is the rule that regulates what a broker must do when borrowing your shares. They **must** provide collateral for your shares in the event that they are unable to return your lent shares. This is a **big** problem that brokers are lending shares and not ensuring there is something to collateralize your property. Why? Because if **anything** happens to your shares that were lent out, they are **legally** no longer yours. They have an obligation to make things right for you, but what if the broker goes under? You're done. Your shares are not insured because they were lent out. You can lose them. The collateral is literally the only thing you could get, and if brokers are not providing the collateral, **you have all the risk.** + +What I think a lot of people get wrong is: **This is not a new rule. This rule has been in place since 1982.** + +It was found by FINRA that these new FPL Programs were not adhering to the rules, so the SEC gave them 6 months to come into compliance. The SEC literally said: *We caught you doing bad stuff. You have 6 months to fix it, or else we might do something.* + +Let's read more from the October 2020 letter: + +>In 1982, the Securities and Exchange Commission (“Commission”) amended Rule 15c3-3 to add paragraph (b)(3), which sets forth requirements for borrowing fully paid and excess margin securities from customers. The paragraph, in pertinent part, requires a broker-dealer borrowing fully paid or excess margin securities from a customer to enter into a written agreement with the customer that, among other things, specifies that the broker-dealer must undertake to: (1) provide the lender collateral that fully secures the loan consisting of cash, U.S. Treasury bills or notes, an irrevocable letter of credit issued by a bank, or such other collateral as the Commission designates as permissible; (2) mark the loan to market not less than daily and provide additional collateral as necessary to fully collateralize the loan; and (3) notify the lender that the provisions of SIPA may not protect the lender and that, therefore, the collateral delivered to the lender may constitute the only source of satisfaction of the broker-dealer’s obligation to return the securities. In the adopting release for these requirements, the Commission stated that the rule will “compel the firm to turn over the collateral physically to the lender.” +> +>Your staff has informed Division Staff that some broker-dealers operating FPL Programs have not turned over the collateral physically to the lender and therefore retain control over the collateral that is used to secure their borrowings of fully paid and excess margin securities. For example, the collateral may be deposited into the lender’s securities account at the broker-dealer or an omnibus account at a bank in the name of the broker-dealer. In either case, during the term of the loan, the collateral must be accessed through the broker-dealer and the broker-dealer has the operational ability to transfer or liquidate the collateral. The written agreement underlying such a program gives the broker-dealer control over the collateral. As the Commission has stated, paragraph (b)(3) of Rule 15c3-3 “compel[s] the firm to turn over the collateral physically to the lender.” + +**This letter does not specify who is not complying with the collateral requirements.** It could be one single broker that they didn't want to single out, or it could quite literally be all of them. + +You can read more about the rules here: https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf + +I believe this is one of the most important lines 15c3-3(b)(3)(iv): + +>Contains a prominent notice that the provisions of the Securities Investor Protection Act (SIPA) may not protect the lender with respect to the securities loan transaction and that, therefore, the collateral delivered to the lender may constitute the only source of satisfaction of the broker's or dealer's obligation in the event the broker or dealer fails to return the securities. + +## TOMORROW - APRIL 22, 2021 + +**Do not put a lot of faith into tomorrow being a catalyst. It could very well be business as usual.** + +Starting tomorrow, brokers that were out of compliance, must have the collateral and provide it to customers in case something happens such as a collapse causing brokers to bankrupt or I don't know... a stock squeezes and the lent shares cannot be returned for some reason. + +What will actually happen is a guess to anyone here, but I have a few questions: + + * Which brokers are lending shares without collateral? + * What enforcement actions would be taken to ensure collateral is in place? + * Would it be a meaningless fine? + * Would brokers be shut down? + * Would all shares be forced to be recalled? + * Could those who lent shares be left with nothing? + * Is this an endgame? Does this give the shorts an *out*? + +It seems to me, that those who have lent out shares may be in a worse position than those who (legally) shorted the shares. What if they lent them out, did not get them secured with collateral and now they're just *gone*? Anyone who naked shorted is of course, fucked as always. + +I must raise the question: *Do (non-naked) shorts need to cover?* + +What if those that lent shares are being inadvertently forced to sell their shares through a technicality? What if we wake up and find that everyone who lent shares was provided with the current market value and that's it. Their shares are now cash and it has no impact on the price of the stock? + +Don't get me wrong, a LOT of brokers and institutions need to fail for the lent shares to be forced to disappear. Those that bought the shares, **APES**, own the shares. Apes have gone to great lengths to ensure their shares are not lent out. Those that lent the shares may very well be fucked over in the process. +Guten Tag to this global band of Apes! 👋🦍 + +As we close out another week of significant price attacks, I am reminded of all of the times that this has occurred in the past. +Amplified by an uptick in FUD, these dips tend to have less effect than I think the SHFs expect them to. +Apes are not selling. +We've seen this all before. +The discounts are only temporary. +We own a huge portion of perhaps the safest company to be invested in right now, and that company is in the best shape it has ever been. + +Consider, for example, their partnership with Immutable X to deliver gaming experiences unlike anywhere else. +GameStop can usher their existing customer base into this new frontier of gaming. +I cannot wait to see where this partnership leads to, and I am hoping that in this upcoming earnings release we'll start to see metrics to track their progress. +What I know for certain is that our Diamantenhände can easily withstand whatever the SHFs throw at us today. + +Today is Friday, September 2nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$28.26 / 28,25 €** *(volume: 30517)* +- 🟥 115 minutes in: $28.33 / 28,32 € *(volume: 30196)* +- 🟥 110 minutes in: $28.47 / 28,46 € *(volume: 30192)* +- 🟩 105 minutes in: $28.47 / 28,46 € *(volume: 30117)* +- 🟥 100 minutes in: $28.46 / 28,45 € *(volume: 30108)* +- 🟩 95 minutes in: $28.51 / 28,50 € *(volume: 30058)* +- 🟩 90 minutes in: $28.48 / 28,47 € *(volume: 29158)* +- ⬜ 85 minutes in: $28.41 / 28,40 € *(volume: 28233)* +- ⬜ 80 minutes in: $28.41 / 28,40 € *(volume: 28208)* +- 🟩 75 minutes in: $28.41 / 28,40 € *(volume: 27306)* +- 🟥 70 minutes in: $28.20 / 28,19 € *(volume: 26402)* +- 🟥 65 minutes in: $28.60 / 28,59 € *(volume: 17993)* +- 🟥 60 minutes in: $28.76 / 28,75 € *(volume: 14893)* +- 🟥 55 minutes in: $28.76 / 28,75 € *(volume: 14893)* +- 🟩 50 minutes in: $29.14 / 29,12 € *(volume: 7999)* +- 🟩 45 minutes in: $29.09 / 29,08 € *(volume: 5757)* +- 🟩 40 minutes in: $28.85 / 28,84 € *(volume: 3911)* +- ⬜ 35 minutes in: $28.44 / 28,43 € *(volume: 2611)* +- ⬜ 30 minutes in: $28.44 / 28,43 € *(volume: 2601)* +- ⬜ 25 minutes in: $28.44 / 28,43 € *(volume: 2576)* +- 🟩 20 minutes in: $28.44 / 28,43 € *(volume: 1345)* +- 🟩 15 minutes in: $28.16 / 28,15 € *(volume: 415)* +- 🟩 10 minutes in: $28.01 / 28,00 € *(volume: 415)* +- 🟥 5 minutes in: $28.01 / 27,99 € *(volume: 335)* +- 🟩 0 minutes in: $28.02 / 28,01 € *(volume: 161)* +- 🟥 US close price: $27.63 / 27,62 € *($28.10 / 28,09 € 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 1.0004. 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! +Look at us apes going at each other again; ever consider that the posts calling u/rensole are planted sentiment posts? If we continue like this we're looking at yet another migration. + +APES BE KIND TO EACH OTHER - stop and think before you speak we're super monitored here. +I can’t find the Reddit post but I’ve seen it advised that if you’re going to be sticking something up your butt make sure it either has a flared end or handle. The anus actually will “suck up” objects and you won’t be able to fish them out, like an object in a vagina. One of my past jobs working at a hospital a couple had gotten a screwdriver stuck in the man’s rectum. + +With the recent price action and people recklessly rectum wagering, i hope this information can help prevent an ape from having to make an uncomfortable and embarrassing emergency room visit. + +“911 what’s your emergency?” +“Hi yeah 911 i have a lightbulb stuck in my butt because i had the bright idea to tell a bunch of internet strangers if GameStop closed over 300 today id put one in my butt.” +“…. I’m dispatching an ambulance to your location.” + + +Edit: another solid piece of advice a few apes have mentioned is lube. Lots of lube. +I own a quadplex in a rougher neighborhood purchased for 53k. It brings in $1,500 a month and expenses are under $500. a tenant let me know of a few drops of water coming in from her ceiling. roofers are saying it needs a new roof. Quote is 26k. Do I sell it for a small profit (around 15k) or fix it? +This is mine and my partners first time buying a home. We found one we absolutely love and put in an offer slightly below asking and submitted it a couple hours after viewing it. It’s been on the market for only 2 days. Our agent called us and told us the sellers agent contacted him and told him there was another offer for above asking. Do we wait to see if they accept our offer? Do we counter with a higher amount? The house is everything we want. 3 bed 2 bath ranch style with large living room on the top floor and one in the basement. 1 car garage with amazing landscaping on a corner lot next to a park. Literally perfect and requires hardly any updates. I have so much anxiety about this and fear we may lose out on this house. + +Please send me advice!! +Every offer I’ve been making the seller rejects looking for an offer closer to asking price and doesn’t even counter. Am I wrong to ask around 15% below asking price for a fix and flip? Are people really still paying full price way above market value? +Edit:(I’m in South Florida specifically) +Alright guys, first I'm going to lay out my thoughts, feelings, and aim for the direction of this subreddit. I've heard this echoed several times but I'll be blunt: the quality of discussion here has slipped over time, especially concerning anything that's remotely political. My goal is to maintain a higher standard of investment discussion than your average financial subreddit (looking at you /r/personalfinance). Obviously this is a general investing forum so we're open to all but I rarely see white papers posted anymore and I see a lot more stuff that isn't really that relevant to investing. I personally have taken to removing these threads automatically - something like "elon musk tweets that he wants to build an elevator to the moon by q12020 just isn't really investing news. Sure it's interesting and funny, perhaps even newsworthy, but it's not something that really deserves to be on the front page of the subreddit. + +So guidelines on corporate posts, /u/crasymike has guidelines here: https://www.reddit.com/r/investing/comments/b3ss3q/topics_being_removed_corporate_news_vs_investor/ + +I feel like these are very thorough and complete. Feel free to weigh in here but I'm largely just reiterating what he said. I think those are super good guidelines and I'm happy with the clarity it provides us in describing why we're removing threads that we don't think are investment related. If anyone wants a real world example a lil bit back I removed a thread that was about BOA raising their minimum wage to $15/hr. That's great news, it's definitely newsworthy somewhere, it's not relevant to investing. Now if someone broke down staff costs for BOA and which percentage of those were low earning employees then in turn described how this would impact BOA's cashflow then perhaps it would have stayed. But that wasn't the case. Hopefully that provides some good clarity on what we're looking for here. + +So on to the big question mark. We've been cracking down on this for months but I'd like to lay out some firm guidelines for political posts and comments. Basically I'm going to mimic Mike's post above but also I want to discuss how we feel about aggressive enforcement. First let me start by laying out my reasoning: + +Anyone that's been slumming around this sub long enough remembers that it used to be a lot different when we were south of 400k subscribers. Things change, that's fine. But back then we had a higher percentage of industry professionals and more seasoned investors. When politics came up most people weren't interested in the low effort mudslinging. Most people here just stuck to discussing the investment aspect of something naturally, [here's a great example of a thread on Bernie's transaction tax in 2016](https://www.reddit.com/r/investing/comments/40usw0/bernie_sanders_002_percent_financial_transactions/). Now lets be honest, if that thread was posted today within 30 minutes the entire thread would be people arguing about socialism, student debt, boomers, Trump's haircut or skintone, really just about anything but the actual impact of transaction tax on markets. And the rest would be "why does bernie hate retirement funds" or some other similarly low effort bullshit that displays absolutely no analysis. That's bad. + +Now, to be clear I believe we need harsher enforcement of comments in political threads than regular threads. Lets be honest with ourselves, people personally identify with politicians and take personal offense to political attacks. That's just the way it is. Everyone is just so damn worked up and angry about politics. If I say I think Jack Welch was a shitty CEO or that the management team over at Exxon is full of idiots I may have people disagree with me but it's not going to create a situation where some mob of Welch supporters starts calling me a fucking moron. If I say Donald Trump or Bernie Sanders is an idiot then people are going to lose their shit. So here's the thing: top and high level comments are key. As much as I hate it people upvote these inflammatory comments, then people respond aggressively because they've been personally offended, then all of the sudden I can't actually discern /r/investing from the comments section of your local news station on facebook. Seriously, if you ever want to feel like a genius go to the facebook comments on a local news article, any news article, really. it's filled with complete idiocy. That's what we're fighting, because if this is left unchecked all of the sudden this place looks like /r/politics or /r/the_donald and nobody wants that. If you want those sort of posts then you can go there. + +So here's what I'm proposing, you're free to express your opinion so long as it's tied to investing, you put effort in to it, and it's civil. + +**Tied to investing:** This should be obvious but damn I can't tell you how many top level comments I remove concerning immigration, social rights, literally just people's disdain for [politician], how hard it is out there for millennials, etc. you have to understand what your comment does, it attracts other comments that are discussing this subject and all of the sudden we've got a thread about manufacturing filled with comments discussing how it's hard to make a down payment on a house. Look home ownership is nice but that's not topical and not related to investing. + +**Effort:** This is admittedly subjective but lets give some examples: + +Bad: This is fucking stupid, why does bernie hate savers, MAGA!, Trade wars are easy to win right?, Orange man bad, lots of TDS here, Pocahontas just wants to tax your money away, Tulsi Gabbard's workout video on instagram is hot, [republicans/democrats/specific politican] hate america, etc. + +Do these add to any sort of conversation in any manner? No. + +Good: "Wow, I think Trump's recent move is pretty bad, China can do XYZ which will cause imports to go up/down and this is bad because ABC." or "Trump is in the right here, with the current IP theft we need to take strong action, this will set us up for XYZ" + +these are both differing positions that people may agree/disagree with but you're making a good faith effort to have a discussion. This is good. + +**Civility:** I'm having a lot of people that don't post here a lot telling me that the current political climate warrants outrage and they need to be able to express that. No you don't. There's literally hundreds of politically oriented subreddits for you to go rant about how outraged you are. You'll get plenty of upvotes and no crabby mods are going to ban you for shitting on their lawn. True story. I'm going to be completely honest: if people are not capable of discussing a topic that impacts investing without losing their shit and lobbing insults then they are not the sort of person we're catering to. So lets quantify that too: + +Bad: this fucking idiot is going to ruin the country. Bernie is a socialist and will ruin everything. Trump is literally incompetent. He's a criminal. Republicans are literally just in it for their own self interest. Democrats hate America. + +Good: I definitely disagree with this approach, so far I'm not happy with this presidency because of [investment related XYZ]. I don't like [candidate] because of [investment related XYZ]. + +I don't think it's too much to ask for everyone to not use this sub for their partisan word vomit. + +**Now on to enforcement** + +Here's my proposal, I haven't run this by anyone yet so I'm sure other mods will chime in and we'll all arrive at something together. When I remove comments that don't fit in the conversation I check a lot of post histories. 95% of the time the people that come here to throw political haymakers never post here otherwise. They often frequent political subs(yeah, news and worldnews count) and they are often the worst offenders with derailing conversation. I kinda get it, maybe they subbed here but don't know anything about investing. Investing can have a steep learning curve but everyone knows which politician they hate. So, with the context that I intend to write up a long post of finalized posting/comment guidelines and combine that with the current corporate news vs investment news sticky, then have automod post a sticky to political threads imploring people read said guidelines BEFORE posting and that violating said guidelines results in an immediate ban I propose this: + +If someone diverts conversation purposefully to political topics that aren't related, they post some low effort meme [MAGA, Orange man, TDS, any given trump insult, stable genius, trade wars are easy to win, Pocahontas, I'm sure I'm missing tons], or they just insult a politician overtly (think "fucking idiot" vs this isn't smart) then they're getting a 30 day ban. + +If they attack a person directly for their position, their post is a prolonged rant/personal attack against a politician/party, or they're being extreme about violating the above guidelines then they get a 60 day or possibly permanent ban depending on severity. To be clear there have been some subjects that automatically get people permabans already. Racism, homophobia, religious attacks(dude I swear someone asked about Sharia compliant investments and got insulted three times before someone answered), death threats, etc have warranted permabans already. + +My reasoning is simple: in my observation most of the toxic behavior comes from people who aren't contributing otherwise. I don't really want them as subscribers. I personally am fine with hurting our subscriber numbers if it means better more focused discussion. + +So thoughts? have at it. + +Other things I wanted to float that are tangentially related: Possibly instituting character minimums for posts? Either self posts or comments as well. We might grant exceptions to regular contributors? I really have absolutely no idea how or even if I could pull that off. And I certainly don't know if it's a good idea. + +Any other ideas? Suggestions? Have at it. +Just had a call from my mortgage broker letting me know that rates are increasing from 2.74% to 3.85 come next week. I almost fell off my chair and it makes me nervous to get into the market. +* Start to wean yourself off the super addictive drug that is checking the price on Bitcoinwisdom ~~daily~~, ~~twice-daily~~, ~~hourly~~, ~~every 10 minutes~~, constantly (delete as appropriate!) +* Remove shortcuts from PC & phone to Coindesk, r/bitcoin, r/bitcoinmarkets etc etc... +* Find a new hobby or re-discover an old hobby that you used to enjoy doing before Bitcoin entered your life & gripped your soul. +* Try and stay away for a couple of months. Relax & breathe, safe in the knowledge that Bitcoin will still be around when you come back to it. +* Remember that now Bitcoin has been created it is here to stay. The ability to send value directly from person to person, almost instantaneously, anywhere in the world, without use of a 3rd party & for the cost of just a few cents - is a completely revolutionary concept. Don't forget that. + +These are still early days for the bitcoin experiment & our journey has only just begun! Don't be fazed by the short-term price fluctuations as it's all just 'noise'. +Bitcoin has way too much utility & far too many bright individuals who're developing & creating technologies of the future (with plenty of VC money behind them) to have bitcoin simply fail overnight. + +So turn that frown upside down! Be grateful for this window of opportunity to increase your hodlings (should you wish to, of course) & in the meanwhile, take a little Bitcoin-vacation. Don't obsess over the price - there's nothing you can do about it. + +Just my 2 cents worth anyway! + +edit: spelling +So basically today started yesterday, my girlfriend of 4 years decided she's never really been on her own and she wants to live her life completely independent which I have no issue with. However this means I have to go and find somewhere to stay. I left our house this morning with a back pack and the essentials my wallet I also left her the car. I brought just enough money to pay for a week or so at a hostel until I could find some work and figure my life out. Then as I leave I learn my brother goes into a coma because of covid he's already a fairly sickly person, so they say to expect the worst, while I'm out trying to figure out my living arrangements I realized I forgot my tooth brush so I go buy some at the local drug store. Then proceed to catch the bus only to realize once I board it I no longer have my wallet. So obviously I jump off the bus after the bridge run to the sky train get back only for it to be gone. So now I'm basically 10 different kinds of fucked no car no license no bank cards or Id and no where to go. Can yall please give me some advice / pray for me I've by no means had an easy life and I've had some bad days but I think Today tops it 😅. I DONT WANT YOUR FUCKING MONEY PEOPLE I JUST WANTED TO GET IT OUT LOL ILL BE FINE ONCE I FIND SOMEONE I CSN TRUST TO SEND FUNDS TOO OK IT WAS JUST ALOT ALL AT ONCE. +🎉Welcome to💧WATER FINANCE 💧! 🎉 + + +Water is a new defitoken with a low mcap of under 400k and was released 3 days ago! + +Current supply is at around 840k with a token burn after every transaction! + +Water currently trades at 40 cents and is already up 8x!🚀 + + +☄️BUY $WATER: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x57f81252D1187754048F5aF1938226B9034B599f 🔥🔥🔥 + +🌠WEBSITE: https://www.waterdefi.com/ + +Telegram: t.me/waterdefichat + +contract: 0x57f81252D1187754048F5aF1938226B9034B599f + +Still less than 500 holders wich means theres huge upwards potetial! +This ‘what to do with purple circles’ sentiment was spreading about a year ago. Mods had a post where we voted to keep the purple circles posts as is or change how the sub views them (possibly a mega thread or post them on weekends only). The users in the sub voted to keep the purple circle posts as is so that all sub members and visitors would see them. Geez c’mon guys Princeton and Kingston from the Teddy books have a piggy bank with a purple circle! How is that not enough. + +I’m not sure where this FUD all started, but why is the community/the mods entertaining this again? This was put to bed already. + +Post with the poll can be found here: https://www.reddit.com/r/Superstonk/comments/s65e47/the_elon_musk_of_community_updates/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Hello! + +I have been using Python for 10 years as an electrical engineer and I have an excellent grasp of data analysis using Jupyter, Pandas, NumPy, and SciPy. Many of the Python for finance books and courses I find on the web have about 20%-30% of the content introducing students to Python. I do not want that. I can manage and find my way around Python myself. I already know about docstrings, wrappers, decorators, classes, design patterns, etc. If I lack some needed knowledge in Python, I know how to find it myself. + +For the past year I have been learning about quantitative trading. I would evaluate and rank stocks according to their price action and some other metrics. All this is done in Python. I would run it every weekend to generate my weekly watchlist. Of course it's not foolproof. A trading buddy says I tend to get the relevant stocks. But so far I haven't been able to translate that to consistent profits. + +However, there is one thing I need to work out algorithmically: **determining the appropriate trading range for a given time frame**. Also, **backtesting on time-series data** is one of the skills I lack. + +I am a retail trader, so for now I trade only for myself. I have a full time day job but **I would like to build my own trading signal generator for my stock watchlist**. I would manually draw support and resistance levels, but it seems it's not suited for automatic signal generation. + +I mainly trade the Philippine Stock Market, which, unfortunately, is not yet available in many automated trading platforms. So, I rely on daily OHLC data which is publicly available, and I do my analysis offline. + +I am interested in stocks only, for now. No derivatives, options, or anything of that sort. + +Has anyone taken the course? What do you think about it? + + [https://pyalgo.tpq.io/](https://pyalgo.tpq.io/) +Hi, + +I am not au fait with UC and my friend who is employed on a zero hour contract has asked me about it but I wasn't able to answer. He has been fortunate recently to have a decent amount of work up till now to keep him going but his employer is running out of work for him to do. He might need UC as a contingency in case something happens as an automatic safety net because the coronavirus situation has made things bleaker than expected and he might find he will have no work left at the end of February. Therefore I ask is it possible to be on a zero hours contract and be able to get support from UC should his employer not have work for him and not eligible for furlough? + +If someone would be able to direct me to some official information on this that would be great too! + +Thanks in advance. Apologies the question may seem a bit fragment on the explicit details but I am only acting as a conduit as he's a bit computer illiterate. +I remember few years ago hanging with my friend who was showing me crypto. I saw a list of the most active crypto with BTC trading at around 2k I believe and ETH at 100. I was an idiot and told him how I wasn't sold on the world of crypto, but that was when I was a broke student and now I hold a good amount of crypto. The reason I ask this question is the top 100 was nothing like it was today. I remember him talking about Ripple like it was the next big play, but now no one talks about it. + +My question is more directed to coins that had an immense amount of hype behind it and now you rarely hear about it or simply it became a failed project. I believe this question is a good one for people to have an understanding of what to look for or how not all projects survive after a bit of time. +I took her to the vet and they suspect it's kidney problems, but they said a blood test would be $250 and I don't have that. I don't know how I'm going to find that money, literally every single dollar I make is sucked up by rent, bills and the very few groceries I can get by on. She's doing better on the medication I was able to afford so she's not suffering, but I just can't do more than that. Just the visit and meds cost $70 which was literally a years worth of 'savings.' I have no one to ask for help because everyone I know is in a similar situation. I hate having to just sit and wait and hope she's not seriously ill and hiding it well. It's so fucking unfair that she has to suffer because I'm 31 and work full time and yet can't even scrape up the money for one test. I don't even know what I'll do if it is something serious and she needs more expensive care. I don't fucking know!! + +Sorry for sounding so melodramatic, it's just that she's been with me my entire adult life and it sucks that I have nothing to give in return for 13 years of companionship. Obligatory cat tax in exchange for whining: + +https://preview.redd.it/b7ngdenlvoz91.png?width=708&format=png&auto=webp&s=8ee930c3d7823f9ad12240f414278d50263333f0 + +https://preview.redd.it/9zxsr0vjvoz91.png?width=688&format=png&auto=webp&s=587feac875169b56f9f094fce9f98356e3fad465 +Majority of Reddit users are 18-29 year old dudes. Now think how many times would you trust a 20 year for life changing advice? Hence, do not expect good advice here always. Now of course there are gonna be some really smart people who know a lot but they aren’t always the first to comment because they don’t live on Reddit. Their comment might have like 1 upvote and might be at the bottom. On most of the posts about “when the market will bottom” I see comments about how recession will hit in 2023. Now it may or may not be as bad, but I wouldn’t blindly trust Reddit top comments for it. Have been burned in the past for it lol. + +That’s my Ted talk. +She’s done it for pretty much everything and she never lacks, she’s the most frugal person I know but can also spend on some really silly things that she see’s on TV. + +I just wanted to know everyone else’s rules for saving are +Has happened to me twice. Quotes of $60-80. Looked up the parts. They were inexpensive. YouTube showed how to replace them. No fancy tools. Pretty straight forward. +A former employer transferred $0.01 in funds to Retirement Clearinghouse. Note- I had already transferred old retirement funds to a separate IRA, and was under the assumption that my old employer retirement accounts had been closed. + +I also don't want to be on the hook for any of their fees (monthly service is $1.50 and account closure costs $15). + +What are my options for closing the account and not paying any fees. Don't care about recouping the penny. +I know there's a [glossary](https://www.optionseducation.org/tools/glossary.html) in the side bar, but a couple of abbreviations I saw a lot here were not in there. I gathered all of the ones I stumbled upon and kept a list, so I hope it can help other option noobs (and also prevent repetitive questions in this sub): + +&#x200B; + +|*Abbreviation*|*Meaning*|*Description*| +|:-|:-|:-| +|**ATM**|At the money|At the money (ATM) is a situation where an option's strike price is identical to the current market price of the underlying security.| +|**B&H**|Buy and Hold|Buy and hold is a passive investment strategy in which an investor buys stocks (or other types of securities such as ETFs) and holds them for a long period regardless of fluctuations in the market.| +|**BEP or BE**|Break even point|For options trading, the breakeven point is the market price that an underlying asset must reach for an option buyer to avoid a loss if they exercise the option.| +|**BP/BPR**|Buying Power Effect, Buying Power Reduction|The BP effect, or buying power effect, is the impact a position has on an account's available trading capital, or buying power| +|**BSM**|Black Scholes Merton|The Black-Scholes Merton (BSM) model is a differential equation used to solve for options prices.| +|**BTC**|"Buy To Close"|Buy in order to cover (close) an already-open short position.| +|**BTO**|"Buy To Open"|Buy in order to establish a new long position| +|**BWB**|Broken Wing Butterfly|A Broken Wing Butterfly is a long butterfly spread with long strikes that are not equidistant from the short strike.| +|**CC**|Covered Calls|A covered call refers to a financial transaction in which the investor selling call options owns an equivalent amount of the underlying security.| +|**CCS**|Call Credit Spreads|Credit spreads involve the simultaneous purchase and sale of options contracts of the same class (puts or calls) on the same underlying security.| +|**CSP**|Cash secured put|The cash-secured put involves writing a put option and simultaneously setting aside the cash to buy the stock if assigned. If things go as hoped, it allows an investor to buy the stock at a price below its current market value.| +|**DD**|Due Diligence|Due diligence is defined as an investigation of a potential investment (such as a stock) or product to confirm all facts.| +|**DR**|Defined risk|A position where the maximum loss is known (opposed to undefined risk).| +|**DTE**|Days to expiration|The term days to expiration (DTE) refers to the number of days until an option expires.| +|**EoD**|End of Day|An end of day order is a buy or sell order for securities requested by an investor that is only open until the end of the day.| +|**EoW**|End of Week|Same as EoD, but for a week| +|**ER**|Earning Report| a financial statement that gives operating results for a specific period.| +|**FA**|Fundamental analysis|The goal of fundamental analysis is to determine whether or not the price of an asset is overvalued or undervalued.| +|**FUD**|Fear, Uncertainty, and Doubt|| +|**HOD**|High of Day|nHOD = new high of day| +|**IBKR**|Interactive Brokers|A broker in the USA, Canada and a bunch of other countries.| +|**IC**|Iron Condor|An iron condor is an options strategy consisting of two puts (one long and one short) and two calls (one long and one short), and four strike prices, all with the same expiration date.| +|**IRA**|Individual Retirement Account (USA)|| +|**ITM**|In the money|"In the money" (ITM) is an expression that refers to an option that possesses intrinsic value.| +|**IV**|Implied Volatility|Implied volatility (IV) is an estimate of the future volatility of the underlying stock based on options prices.| +|**LEAPS**|Long-Term Equity Anticipation Securities|Long-term equity anticipation securities (LEAPS) are publicly traded options contracts with expiration dates that are longer than one year, and typically up to three years from issue.| +|**LOD**|Low of day|nLOD = new low of day| +|**MM**|Market Maker|A market maker (MM) is a firm or individual who actively quotes two-sided markets in a security, providing bids and offers (known as asks) along with the market size of each.| +|**NET Liq**|Net liquid assets|Your net liquidation value reflects how much the contents of your portfolio would be worth if you were to liquidate everything at the current market price.| +|**OCC**|Option Clearing Corporation|The Options Clearing Corporation (OCC) serves as a central clearinghouse and regulator for listed options traded in the United States under the auspices of the SEC and CFTC.| +|**OMIC**|One Man Insurance Company|From a book: Option Trader's Hedge Fund, The: A Business Framework for Trading Equity and Index Options| +|**OTC**|Over the Counter|Options that are traded between private parties in the over the counter market and not through exchanges are called over the counter options.| +|**OTM**|Out of the money|"Out of the money" (OTM) is an expression used to describe an option contract that only contains extrinsic value.| +|**PCS**|Put Credit Spread|A Put Credit Spread (which we will refer to as a “PCS”) is a Options Spread that utilizes both short and long puts to minimize risk, and earn credit.| +|**P&D**|Pump & Dump|Denoting the fraudulent practice of encouraging investors to buy shares in a company in order to inflate the price artificially, and then selling one's own shares while the price is high.| +|**PMCC**|Poor Man's Covered Call|The Poor Man's Covered Call (PMCC) is an options strategy that enables one to sell covered calls at a fraction of the capital required than if he were to hold the underlying asset.| +|**POP**|Probabily of profit|Probability of profit (POP) refers to the chance of making at least $0.01 on a trade.| +|**RH**|Robin Hood|A US broker| +|**ROC**|Price Rate of Change OR Return On Capital|The Price Rate of Change (ROC) is a momentum-based technical indicator that measures the percentage change in price between the current price and the price a certain number of periods ago. OR Return on capital (ROC) is a ratio that tells us how much money we can make on the amount of money we put towards a trade.| +|**RRSP**|Registered Retirement Savings Plan (Canada)|| +|**STC**|"Sell To Close"|Sell in order to exit an already-open long position.| +|**STO**|"Sell To Open"|Sell short in order to establish a new short position. (For stocks, abbreviation becomes SSHORT).| +|**TA**|Technical analysis|Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.| +|**TD**|TD or "Toronto Dominion bank" - we usually just call it TD|It's a Bank| +|**TDA**|TD Ameritrade|A bank. Note: TD Bank and TD Ameritrade are separate, unaffiliated entities, not responsible for each other's services or policies.| +|**TFSA**|Tax free saving account (Canada)|| +|**TTM**|Trailing Twelve Months|Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures. A company's trailing 12 months represent its financial performance for a 12-month period; it does not typically represent a fiscal-year ending period.| +|**TOS**|thinkorswim|A platform to trade stocks/options by TD Ameriade| +|**TWS/TW**|Trader workstation|A platform to trade stocks/options by Interactive Brokers| +|**UR**|Undefined risk|Undefined risk is when your possible max loss is unknown on order entry.| +|**WSB**|/r/WallStreetBets|Don't go there!| + +&#x200B; + +Another tip for noobs: if you're just starting out and don't really understand the content here, you might need to do a bit more homework. Checkout the pinned post called "Resources: FAQ, Side-bar links, Options Questions Safe Haven weekly thread..." in /r/options and/or search on Youtube for 'stock options beginners'. + +If an abbreviation wasn't in the list, try googling <the abbreviation> + "option trading meaning". For example, Googling "CSP option trading meaning" gives you a nice summary on Google. + +Edit: Added ATM, OTM, ITM.. Fixed some based on comments! And thanks for the awards! + +Edit 2: Added BWB, IC, HOD, LOD, TTM, ER and FUD +Rallying global equity markets in the face of rising COVID-19 infections are "totally irrational", says private investor and former Vocus boss James Spenceley, who made millions betting against Wall Street in the early stages of the coronavirus outbreak. + +Despite hospitals in the US warning they are reaching capacity and signs of a second wave of COVID-19 arriving in major economies, Wall Street futures indicated US stocks were set to open more than 1 per cent higher after returning from the July 4 holiday. The S&P 500 is up 39 per cent from its 2020 bottom. + +Asian stocks soared on Monday, with the Shanghai Composite rising 5.7 per cent, for its biggest rally since 2015, attributed to ample liquidity, recovering activity and boosting by state media. Hong Kong's Hang Seng added 4.2 per cent. + +The US is clearly completely screwed, we're coming into a second wave here and the travel stocks are either flat or up. + +— James Spenceley, Spenceley Investments + +Mr Spenceley said it was hard to believe the market was being so optimistic in the face of what he believed to be a severe second wave, echoing the events of February when shares hit record levels before a pandemic was declared. + +"It was amazing to see the market making all time highs as the pandemic was spreading. Back then it was clearly mispricing risk and we're seeing the same now," said Mr Spenceley. "I think it's just totally irrational." + + +Advertisement +In February, Wall Street was soaring while COVID-19 infections were rapidly expanding beyond China, leading Mr Spenceley to cancel Valentine's Day plans with his wife and take out $15 million worth of face valuation puts against the S&P 500. + +Investors flying blind +Evidence of new infections and weakened protection measures as economies reopen has failed to trouble US investors. The S&P/ASX 200 Index ended Monday's session 0.7 per cent lower at 6014.6, after trading in the green most of the day. + +The rise in US futures ahead of the reopening of trading comes despite a number of hospitals in US states, such as Arizona and Texas, reporting they are near capacity to treat COVID-19 cases. + +The Nasdaq Composite was on track to hit another record high on Monday, with the tech heavy index delivering the strongest returns amid the pandemic. + +"I'd much rather be underinvested in this market," said Mr Spenceley. + +"If you take a step back and you look at this without the emotion of sitting out, at these levels, is this really a time to be invested?" + +The reimplementation of lockdowns across Melbourne and the closure of the border between New South Wales and Victoria have thrown fresh doubts on the ability of Australia to flatten the curve after successfully suppressing the coronavirus. + +Victoria recorded 127 new cases of COVID-19 on Sunday, its largest ever daily increase. + + +UniSuper chief investment officer John Pearce. Supplied + +"Suffice to say that it’s a setback, particularly for the travel and tourism sectors," said UniSuper chief investment officer John Pearce. + +"[But] we still need to put things in perspective. Relative to the rest of the world, Australia is in great shape as far as the health crisis is concerned." + +The closure of the NSW-Victoria border has also thrown doubt on whether domestic tourism and travel will be able to resume as quickly as anticipated. Losses in domestic travel stocks were limited in response to the news. + +Corporate Travel Management dipped 1 per cent to $10.31 and Qantas fell 0.8 per cent to $3.79. Webjet rose 2.1 per cent to $3.41 and Flight Centre advanced 0.4 per cent to $11.44. + +"The US is clearly completely screwed, we're coming into a second wave here and the travel stocks are either flat or up," said Mr Spenceley. + +"No one wants to admit it but this is going to hang around for a long time." + +Many investors are largely flying blind when it comes to assessing the earnings impact of the COVID-19 pandemic and are trying to determine which areas of the economy are likely to counter the pain. + +Defensives such as Telstra and Spark Infrastructure were among the market leaders on Monday, ahead of what is set to be a tough earnings season for most companies. + +"For this market to be rational, you'd have to have a good idea of what earnings are going be like and really, you have no basis," said Mr Spenceley. + +Transurban, which owns Melbourne's CityLink tollroad, fell 2.4 per cent to $14.27 as more Victorian local government areas were added to the lockdown list on the weekend. Those restrictions do not yet extend to the central business district but active cases have been detected in the city. + +The latest quarterly business outlook from Deloitte Access Economics warned Victoria would feel the economic pain for longer than the rest of Australia. + +"Victoria has had the strongest COVID restrictions across the country and now, with the prospect of a second wave returning and the reintroduction of restrictions, the state is likely to see some prolonged misery in particularly hard-hit sectors," Deloitte partner Chris Richardson wrote. + +https://www.afr.com/markets/equity-markets/totally-irrational-global-stocks-rise-defying-second-wave-20200706-p559by +GME has been on the NYSE SHO list for 10 days now because of sellers failing to deliver their stocks (naked shorts). + +When a stock has been on this list for 13 consecutive settlement days, brokers can be forced to cover open shorts by buying the missing shares. GME has been on the list since January 19. The 13th consecutive day for GME would be Thursday, February 4. That means naked short positions could start being forced to buy and close positions on Friday. + +The NYSE SHO List: [https://www.nyse.com/regulation/nyse/public-info](https://www.nyse.com/regulation/nyse/public-info) + +Quick explanation of the regulation: [https://ibkr.info/article/240](https://ibkr.info/article/240) + +I'm a retard and this is not advice. +I remember years ago banks interest rates used to go up same day or the day after once the Fed increase it. In May this year, saving account interest rates are same as in April. Thoughts? +People often complain about the high taxes and low salaries in europe. I did a comparison between the Netherlands and US and the net salaries are almost the same. + +Netherlands + +100k euros = 5k per month + +150k euros = 7k per month + +Source: https://thetax.nl/?year=2021&startFrom=Year&salary=100000&allowance=0&socialSecurity=1&retired=0&ruling=0&rulingChoice=normal + +Us(using new york as taxes differ per state) + +100k usd =5800 dollars per month + +150k usd= 8400 dollars per month + +When converting usd to euro the salaries are almost same. The taxes are almost the same(unless the sites are wrong or I made some mistake) + +Excluding faang salaries, most job postings I have seen for new york are 120-160k per year. It isn't much different when you do currency conversion. + +Note: I am only talking about the tech salaries here, not the average salary +Greetings, everyone. + +I'm a citizen and resident of the US. My parents came to the US from Greece and moved back some years ago after my father retired. While they still lived here, my mother would visit Greece about once a year and she deposited US dollars in the National Bank of Greece. She passed away in 2010 and my brother and I inherited this money. My brother has always been much more involved than I with anyone and anything our family has a connection to in Greece (he even got a Greek passport) and I really have no clue about these accounts. We haven't reported the interest these accounts have earned on our US tax returns. + +Now my father has informed me that the bank called him and wants a US Internal Revenue Service form W-9 from me. This form is for providing one's tax identification number to a financial institution, et al. My questions: + +* What would happen if I don't give them the form? + +* How much money can each of us withdraw from our respective account and send to the US? + +Thanks in advance. +Hello everyone, + +Here is my situation: +I live in Greece and in one month I will move to Italy. +I have just been made an offer by a company to work remotely for them. The company is in Belgium. I will be working as a freelancer and I will be invoicing them at the end of every month. + +My question is where should I open my freelancing business? All of my income will be coming from this one Belgian company, but I will be residing in Italy. Also I haven't worked as a freelancer in the past, so I don't have any freelancing books open in any country. + +I have been reading all the information I could find online and the articles provided by the European Commission, but I haven't been able to make sense of it all. + +Thanks in advance. +Despite soaring materials costs, housing construction took off in March despite the clickbait headlines in January and February that tried to make it look like the surge in lumber and building material costs was the reason home construction was down the first two months of the year. Expect more housing starts to increase as new building permits were also up in March. + +For those invested in lumber companies and residential building materials, today is good day! + +https://www.floordaily.net/flooring-news/housing-starts-rose-194-in-march + + +https://www.bloomberg.com/news/articles/2021-04-16/housing-starts-in-u-s-rebound-sharply-after-winter-setback?utm_source=google&utm_medium=bd&cmpId=google + +I am long RFP (a lumber company) and loving it. +My friend and I were in the process of selling an algorithm we made, and I was wondering how to price it. We wanted to include all the time we spent on it as a base price, but then how to take its performance into account? How much would an algo that makes about 5% a month sell for, without including the time spent developing it? + +Thanks in advance +Basically, I found something with higher expected returns than cost. However, with the amount of capital I have, there is a decent sized chance I could go broke before I reap benefits. Whom should I approach with this idea and how can I ensure they don’t steal my idea without compensation? + +Thanks +This is a broad one, but do you have any suggestions for second home locations?  I'm looking for: + +* Ideally <2.5 hr flight to/from NYC (or <4 hr drive) +* Great, easy going people and very little crime +* Airport easy to get to  +* Enough stuff going on (restaurants, stores, etc.)  Doesn't need to be amazing, just want to avoid places with little to nothing +* I don't care about beaches or ski slopes (fine if the location has them), just looking for a get away spot +* Ideally limited extreme weather (no hurricane targets, 100 degree or -30 degree temps) + +I'd greatly appreciate any suggestions.  Thanks +This is his FINAL UPDATE. + +By buying 50,000 shares at $155+, he drained the amount he was willing to invest in this play. Many have been all-in for a month. Others continue to buy. DFV in this one statement has said, the due diligence is sound. He is a value investor that looks for 10X+ returns (in less than 3 years). He clearly believes in the MOASS, but no one risks this kind of money without absolutely believing in the turn-around Ryan Cohen's dream team is orchestrating. + +There isn't a need for more DD (although everyone will welcome it). This is the stock play for the foreseeable future. + +I stand ready for the moon launch with my XXXX shares, but like DFV, I am committed to this company for the long haul. As a gamer, I will be a lifelong purchaser of everything GameStop makes available. + +Thank you apes for making investing so fun. Thank you Ryan Cohen for saving a company we all wanted to keep. And thank you DFV for your countless hours of sharing your early insights, humor, and humility. It could not have come at a better time. + +See everyone in space. + The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS today also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2022 in [Notice 2021-61](https://www.irs.gov/pub/irs-drop/n-21-61.pdf) **PDF**, posted today on IRS.gov. \[sourcelink [https://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500](https://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500)\] +Our beloved American car company that has been around forever is a piece of absolute dog shit that will go bankrupt in the next year. Here's why + +* 103 Billion in long term debt - Over the last 3 years this has increased by 12% +* 226 Billion in total liabilities - 10% increase in 3 years +* Ridiculous leverage ratio of 6 +* Only 38 Billion in cash +* Profits are decreasing by about 1 billion per year +* EPS is pure shit for the sector - PE ratio of 17 is triple that of GM and Honda + +&#x200B; + +So what is keeping the stock value afloat? + +* High dividend yield is appealing to old people who think this translates to "secure long-term investment" +* 10 billion dollar investment in engineering new electric vehicles has investors hopes up +* Corporate restructuring - cutting costs with layoffs + +&#x200B; + +Why it will crash and burn + +* Recent Moody's downgrade to junk bond status will likely lead to further downgrades from Fitch and S&P into junk bond status - stock value will drop significantly if this happens +* Ford has already missed the boat on developing an electric only vehicle that will catch on with consumers - Fusion Plug in Hybrids are retarded because nobody wants to plug their car into an outlet every day and still have to buy gas. They will never develop a competitive electric vehicle. Overall Ford has shown a lack of innovation in their cars +* Ford Credit has issued 91 Billion dollars worth of new car loans. Given that the number of delinquent loans in the U.S. has been steadily increasing since 2011 and is at its highest level ever - this does not bode well for the credit division of Ford +* Decreasing vehicle sales in the last year - fears of recession will further decline number of new cars sold. Nobody is going out and buying a new car if they think they will lose their job soon +* Decreasing profits and EPS in the next year will lead to further stock devaluation + +&#x200B; + +TLDR - Either short shares of Ford or buy puts dated for late next year/2021. This company is an overly leveraged dumpster fire + +Obligatory "Inverse this post" + +&#x200B; + +EDIT: WSB consensus seems to be that I am retard, long F. In order to play the inverse WSB position, bought 30 contracts of each + +June 19 2020 $5 puts at .06 cents + +June 19 2020 $8 puts at .46 cents + +Jan 15 2021 $5 puts at .17 cents + +Jan 15 2021 $7 puts at .48 cents +I was evicted from my apartment a few months ago (nonpayment, being unemployed sucks). When collections called, they said I owed ~$3500, so I asked to dispute the debt. They tried to tell me I wouldn't be able to do payment plans (plus a bunch of other crap) if I disputed it, but I told them I was sure I wanted to. Fast forward to now, the debt was reduced to ~$1700 and we're working on a payment plan for it. Thanks again for your advice! + +Edit: Some clarification on the $3500. The management did a lot of shady stuff, and I'm not surprised that they tried to make me pay twice as much as I owed. If you're in a similar situation, I'd recommend reading over the comments, as people are posting good information. Asking to "validate the debt" worked well for me, but make sure you know what you're doing. +I've seen a few posts here with people unsure of how the FHSSS works and what benefit they actually get from it. Thought I'd post my experience to give you an insight. + +In June I decided to make some concessional contributions to be eligible for FHSSS. I had not previously made any eligible contributions so the total amount I contributed and that was eligible for FHSSS was $15,000 (all concessional) for the 2019-20 FY and was only in my super for a short time. I completed my tax return in July and requested a determination and release. I received the funds yesterday. + +**Breakdown**: + +|Contributions|$15,000|Contributions Tax (15%)|\- $2250| +|:-|:-|:-|:-| +|After Cont. Tax|$12750|Deemed Earnings|\+ $87| +|Determination Amount|$12837|Tax Withheld\*|\- $1155| +|Released Amount|$11,682||| + +*\*Tax was withheld, calculated on the Determination Amount at a rate of 9% (My Marginal Tax Rate 37% + Medicare Levy 2% - 30% Tax Offset = 9%)* + +&#x200B; + +So I received a released amount of $11,682 from contributions of $15,000. Doesn't sound so good but is not the full story as need to consider the tax deduction I received. + +&#x200B; + +|Tax Deductible Contributions|$15,000| +|:-|:-| +|Marginal Tax Rate + Medicare Levy|39%| +|Tax Benefit|$5,850| + +So my total amount at the end was $11,682 + $5,850 = $17,532, or an increase of $2,532. This was just over a period of <2 months in the super fund hence low deemed earnings, but clearly was worth it. + +Hope this helps! + + +💎 DragonMusk - Rapidly growing Community | No Presale | Rug Free | Wonderful charities! 🔥 + +This 2 weeks old token that just popped on the BSC Chain, has already hit 4M market cap and 7500 holders! It's called DragonMusk, This rug free project was started by the dev who left when it floored. + +NOW the community has taken charge. With the project growing 10x in a matter of a few hours we are looking for that next push! + +Currently we are in contact with several influencers and have applications into CoinGekko and CMC. With community funding and support we have been able to do this together and we are looking to YOU to help next. + +Go and open up the charts: this coin can pop in minutes, so what are you waiting for? Get it now! The link to PancakeSwap is provided. + +Address: 0x338196a509b4c66749c3f44c21c00501e6acf7bc + +Token Features: 10% taxFee 5% for directly add to the LP 5% for directly add to all diamond hands HOLDERS + +🔒 LP Lock [https://bscscan.com/tx/0xb1961bb04461bf4d728589f288f820affecc7eb852139c86029a7ea5b24855c9](https://bscscan.com/tx/0xb1961bb04461bf4d728589f288f820affecc7eb852139c86029a7ea5b24855c9) + +🔥 LP Burn [https://bscscan.com/tx/0xb1961bb04461bf4d728589f288f820affecc7eb852139c86029a7ea5b24855c9](https://bscscan.com/tx/0xb1961bb04461bf4d728589f288f820affecc7eb852139c86029a7ea5b24855c9) + +Ownership = Reounced + +Check from RugScreen.com = safe! Can check by yourself. + +🔢 Supply = 100,000,000,000,000,000 + +Let's go get it! As usual, DYOR! + +🚀 Buy on Pancakeswap [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x338196a509b4c66749c3f44c21c00501e6acf7bc](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x338196a509b4c66749c3f44c21c00501e6acf7bc) + +Remember to set slippage to at least >10%< + +They also are active on- + +📩 Telegram [https://t.me/DragonMuskCommunity](https://t.me/DragonMuskCommunity) + +Reddit [https://www.reddit.com/r/dragonmusk/](https://www.reddit.com/r/dragonmusk/) + +Twitter [https://twitter.com/dragonmusk/status/1391040413411299328?s=21](https://twitter.com/dragonmusk/status/1391040413411299328?s=21) + +Youtube [https://youtube.com/channel/UCmXu2S\_axPvkBF-BQohIcMA](https://youtube.com/channel/UCmXu2S_axPvkBF-BQohIcMA) + +If you end up getting it, leave a comment below to let more people know it. But please, stay safe, do your own research and invest small quantities of money. Even though this coin seems completely safe, anything can happen. Good Luck +Not sure if this is the correct subreddit but figured you guys would know best. + +I am a soon to be college grad working in the Houston area after graduation making 55K a year. My brother makes about 60K currently and is 2 years out of school. We have been discussing the idea of going in on a duplex together and each living in one unit. The plan in the future being that we would eventually move out after living there for a while and then maintain the property and rent them out, splitting the rental income and mortgage payments, obviously. We have looked at doing a FHA loan as we both don’t have a ton of liquid cash to put a 20% down payment down. + +I am wondering if you guys have any opinions on this idea or any tips. Just some extra information to go off of: we both have great credit for being so young, no debt for either of us besides car payments, we also have a lot of rehab/renovation experience as we grew up doing this type of work for our stepdad who flipped houses for a living. + +Thanks in advance for any help! +I bought my first triplex last year, and it’s fairly old (1881), so there were definitely things to go wrong and I thought I budgeted accordingly. Worst case there was a $1,200 delta between my PITI and my rent roll which I figured should suffice for any maintenance needs, and I had a $20k emergency fund. + +Then I bought, and things started to get bad. In the last year I’ve had: + + +A hot water tank burn out + + +$2k of damage from a burst pipe + + +$5k of foundation work + + +$5k worth of damages from a tenant plus 2 months of vacancy + + +$3k of lawyer bills from the same tenant + + +$2k worth of exterminator work + + +In addition to all the standard maintenance, and my property taxes going up by 30% + +I also have on the horizon: + + +Another hot water tank that’s on the fritz + + +$8k worth of electrical work + + +$10k more of foundation work + + +I’m not here to complain-I’m thankful to own the place, I’ve built up a sizable amount of equity, and I still have a decent amount of cash in an emergency fund. And since that one tenant left my tenant problems are near 0. But it would be great to get some guidance on what seems to be like a never ending stream of expenses. I’m getting to the point where my emergency fund is below what I find comfortable, and I’m already financing more items than I wanted to. + +Is this normal early on? The last landlord was terrible so I was expecting plenty of deferred maintenance, but this is just ridiculous and I never expected to be this far off the mark. I’ve really only had two months in the last 12 where I was cash flow positive. + +I’m young (24) and a little inexperienced, so definitely recognize the learning curve. But I’m trying to not get overwhelmed +I was at a non-bitcoin centric news site recently and read a bitcoin article. Underneath I noticed MANY furious anti-bitcoin comments. They were not really centered around reasonable arguments (which there are plenty of reasonble arguments against Bitcoin) but rather just raw emotion. These people were just trying to be as malicious with the comment as possible, calling bitcoin users as many childish names as possible and calling bitcoin monopoly money or funbux, etc. No real arguments were made other than the classic "it's not backed by anything" which is probably one of the absolute worst ones. + +Of course there's also an entire subreddit dedicated to being furious about bitcoin, /r/buttcoin. While I do want to recognize that SOME users there are sane and seem to post coherent comments about some of the problems with bitcoin, most of it is just anger. Some comments are almost sadistic in their hate for bitcoin and especially it's proponents. Many comments seem to be written with this contempt for bitcoin users and this wish that they lose as much money as possible and get scammed as often as possible. Also, many people don't find it fullfilling to just hang around in /r/buttcoin. They come to the real bitcoin subreddits and spread their hate and FUD around. It's just weird, I don't really get excited over people getting scammed or people losing money and getting into a shitty place in their life. That's not something that brings me pleasure. + +So why do you think it is this way? What about bitcoin makes some people so angry? I totally get being skeptical about bitcoin, but I don't get the malicious way so many anti-bitcoiners seem to act. Why do you think they waste time and nerves doing this? +My parents recently admitted to me they have $60k in credit card debt. + +The majority of the debt was accrued from medically-related charges for paying hospital bills for my disabled grandmother. I know this was a bad move to transfer the bills to credit cards, but that's what happened and now that I'm just finding this out I'm trying to gather any information I can to help them. + +I've begun initial research, but I just don't know what to trust or the total spectrum of options available for debt relief. I've seen things like debt consolidation loans, but that looks like a potential for another 25% fee on top of the existing debt. + +Does anyone have experience with major credit debt and how did you deal with it? + +Does anyone have any advice for what my parents need to do? + + +EDIT: Additional information: income is $50k, so less than the total debt. I don't know how my mom was able to accrue so much debt with an obviously lower income than what could sustain her paying it down, but it happened. + +Is the only lawyer this would be associated with a bankruptcy lawyer? Or are there other debt consultation services available? + +EDIT 2: I need to clarify some more. The debt is ENTIRELY my mother's (whose income is $50k). She hid this from my dad for their entire marriage (of 20 years). He is not willing to help her with this debt (he's always paid for EVERY bill they've ever had). He has stocks and bonds, and is the homeowner, my mother has no assets outside of her yearly income. How would her filing for bankruptcy affect him, if at all, considering the debt is solely under her credit accounts? + +Hello everyone, + +I am part of a very close knit group of friends. One of my friends recently had their first child. The other night, we all decided that for Christmas, we would each pitch in to begin some sort of savings venture for the little one that we could then contribute to on birthdays and holidays in the future. + +Research thus far has not revealed an easy way to accomplish this. I have read a bit about 529s, custodial accounts, etc. Essentially, we are looking for something that incorporates the following: + +- direct access by all the friends for the purpose of contribution + +- limited restrictions on the use of the money upon withdrawal + +- restricted or limited withdrawal capability for a long period + +- high yield return + +What’s the best way to approach this + + +EDIT- I’d like to be clear that the intention of my agreement with my friends is to help the new parents start the investment vehicle. As the years go by it would be the option of the friend group to contribute whenever they wish, and ideally for those important milestone days. + +I will also say that yes, we would do the same for every child. If baby #1 turns 9 and there are 26 other children, we would buy gifts for all of them on their birthdays. That’s no different in my mind than contributions to their savings accounts. I don’t see why or how the number of children impacts the ultimate sensibility of our plan. +Last month same time, ETH was somewhere around $2500. + +A lot of us were practically checking the charts every few mins just to see its progress. + +Oh how happy I would've been if someone would've told me that exactly a month from now we'll be nearing $3k. + +But today, when its actually happening, its the complete opposite of what me or anyone of us would've thought. + +Oh how the turn tables. + + +(When in doubt, zoom out. 🔍) +Hi all, + +The markets are on track for a third straight green day with Dow currently at +4% at the time of this writing, and having that crazy rally 3 days ago with 13%\~ increase. + +Historical unemployment rates that are worse than the great depression and no solution in sight for the virus (especially in the US with the president not taking action with a full lockdown) means that there are many more deaths to come. The tourism, entertainment and sports industries (among full others) are completely crushed. And we still didn't get to the supply chains issues (Iphone 12 has been postponed by a few months already, total smartphones shipments have decreased YoY in the most amount ever, etc).. What makes America a powerhouse - consumerism - is on hold. So why are the stocks going up? Is this truly phase 2 of a bull trap or magically the US decided that printing money and offering 2 trillion dollars will solve everything and they were actually right? + +Maybe I'm stupid, maybe I waited too much on the sidelines but when you hear that even the Olympics got postponed which *only happened previously twice at war times*, it's almost 'obvious' that the market will at least crash more than 2008, at least. + +So, thoughts? Yeah, I know that this might be the daily what if thread but also I'm truly confused. Would love your thoughts on this wild market right now. +I know, I know. Time in the market. Leverage lead far more intelligent individuals that I'll ever be to their demise. Plus you don't play casino games with groceries money. I know. + +But hear me out. + +I'm young (30 years old). +I'm a home owner (ltv<60%, fixed interest for a further half decade). +I got a good paying, stable job in a stable industry in a Fortune 500 company (making just above mean UK salary living in NI country side where life is cheap). +No kids, no plan on ever having any, SO is on board with that. She's got a good situation too. +Rainy day fund slowly building up, above 3 months net expenses now. +Not coming from a wealthy background, but my family could support me if I were in a difficult situation. +Credit score is impeccable, never missed a payment in my life. + +Long story short, I've had lots of luck in my life, am doing okay financially, and feel like I could do with more risk-taking. I'm starting to struggle pushing away thoughts of borrowing money now to get a bit of a head start, and would like people with more experience to tell me what they think about the idea. + +Any advice appreciated ! + +(Edit for clarity : while there's no clear plan yet, I'm obviously talking more 'short-term low-interest loan to buy ETFs' and less 'payday loan to buy NFTs', thought that might be worth saying) +(Second edit : thanks a million for all your comments folks, I'm learning a lot and that was the aim of the game. Just to underline again, I'm talking borrowing a few thousands to buy interest-paying dividends here, not raising equity in my house to go option trading or crypto-stacking) +Good day GME gang! Here is a start to finish (broker to ComputerShare) **DRS Guide for Self Directed IRA Shares** \- This is not Financial Advice, this is my experience, based on my situation. Check with your financial and tax advisor before deciding on this route for yourself. In my case, and many others, you can DRS your IRA shares without a distribution or tax hit or early withdrawal penalty. + +Thanks to the tireless efforts of some IRApes, I have been able to follow the guides to direct register my Traditional and Roth self directed IRAs.... AND access them via ComputerShare linked to my email. I'm also able to update my investment plan (book or DRIP) and sign up for email proxy voting material! + +The key is using a **non-broker custodian**. I have tried several, some not willing or not able, to register in my name, while remaining the financial custodian. u/winebutch posted months ago about their successful experience with Mainstar Trust. Here is my experience and how I was able to get my IRA DRS Advice Letter, Account and Online Voting from ComputerShare using Mainstar as the non broker-custodian (NOTE - while you do have access to the shares from ComputerShare, you need to go through the custodian to buy or sell them. They have an online interface and standard forms for this as well). + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/xpfplokke6x81.png?width=771&format=png&auto=webp&s=384c8ab239ec7b1bffd9c9b03b3680bea1e33bc5) + +The overall steps are: + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of your name IRA +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. +4. Once the accounts are created, you will **fund them via a standard Transfer request**. The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. +7. The DRS Advise letter will contain two pieces of information you need to create your ComputerShare account for your IRA shares: + 1. **Zip Code** on file (this will be your non-broker custodians zip code on the letter) + 2. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/bq20ih46f6x81.png?width=772&format=png&auto=webp&s=3b1a251c4b17b3bd1d5fa5f174ee027a8e5e9727) + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/grukp909f6x81.png?width=600&format=png&auto=webp&s=f32105dd1c817cfd1e15831a1767b2feca3693b8 + +10. Under Confirm your details choose **Holder Account Number** + +11. Enter your Holder Account Number and Zip Code on file from the DRS Advise letter. + +https://preview.redd.it/qganbxtef6x81.png?width=620&format=png&auto=webp&s=fa8776840650f95a47ffd30afa7f060514f57e04 + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code** from ComputerShare. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/f88eabssf6x81.png?width=638&format=png&auto=webp&s=3586cf60e34ab61e37f3da3de6e665d7fc4ed242) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/etcquoowf6x81.png?width=609&format=png&auto=webp&s=56d8e2426674a9d76cab2dc7196bd51f1ee31549 + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! **Congrats**, you made it! Now things to do: + +1. Update your email preference in your Profile +2. Manage your investment plan +3. **VOTE!** \- You can vote up until **Thursday June 2, 2022** + +Yes - you can vote right now from ComputerShare! + +https://preview.redd.it/xw6qzk00g6x81.png?width=1166&format=png&auto=webp&s=d27638f60dd710780964a09dfa0113008be8203e + +You have access to your documents and shares as well. While you do have access to the shares from ComputerShare, you need to go through the custodian to buy or sell them. They have standard forms for this as well. Hope you enjoyed, SHOP, DRS, HODL, VOTE LFG! +And I am constantly amazed at how many people I work with haven't heard of Ethereum even though our company just became an EEA member. + +We're still early adopters. +Not sure if anyone considers it when buying property, but there's talk that sea levels could rise by as much as 3m by 2100, and potential ways in which a 9m rise could happen. +Obviously the majority of us will be long gone by then, but kids born today will be alive. + +If you're buying property you intend to stay in forever and pass on to your children; makes sense to check the whole thing won't be flooded. + +I'm about 60m above sea level. I checked the area before I bought. But the place I moved from is now at risk of flooding sooner than that, and flood defences are being installed. + +There's also a new estate (<20 years) near to us, which is flagged for a further 2000 houses over the next decade or 2, yet a sea level rise of 4m would completely flood the valley it lies in unless some serious flood defences are built. + +Leasehold are big in the news at the moment, but this seems to be a bigger medium/long term risk that doesn't get mentioned. + +I checked [floodmap.net](http://floodmap.net). + + +Anyone agree or disagree? +Thoughts? +[https://www.thestreet.com/investing/tesla-trading-at-650-gets-90-price-target-from-jp-morgan](https://www.thestreet.com/investing/tesla-trading-at-650-gets-90-price-target-from-jp-morgan) + +&#x200B; + +> +JPMorgan analyst Ryan Brinkman has told clients not to increase their holdings in Tesla to approximate its weight in the S&P 500 ahead of its inclusion to the benchmark on December 21. +Pretty much the title. I had a budget about $2000 for my family, extended familly, friends, co-workers and neigbour. However, I went tad over board with COVID and all and spend an extra $500. I am curious to learn what other peoples budget was this year. Apologies if this has been asked already. +I was a frequent poster, lurker, and old time investor here. I posted my total portfolio here and there couple time on my old account that got the attraction of some shady people. + +One unfortunate day, i found out that my old reddit account has been locked due to unknown IP traced to china, russia, and japan. + +I ended up deleting my old account and learned my lesson not to disclose how much tokens you have or what is net worth of your portfolio. I know people get excited and like to boast (i did too). + +I have since transferred all my coins to cold storage. It's scary world out there, be safe my fellows. + + As we all know, there is a lot of argument surrounding P2E and NFTs. There are many advantages and disadvantages, such as earning beermoney with it, even though some of them are not enjoyable and require some grinding and NFTs as " jPeGs ". Furthermore, there are no P2E games that will make you money in the long run YET, and most of the time, game companies rely on them to create terrible microtransactions, which no one likes. +So, Thoughts? +**Please read the details before voting to make an informed choice!** + +During the last month, a number of users were banned for holding "upvote parties" in old threads. These banned users do not have donuts coming to them in distribution #101. + +We had planned to issue a warning to one of the individuals suspected to be involved in this group, Positive\_Eagle\_. We decided to warn this user rather than ban, as Positive\_Eagle\_ had contributed a number of threads and had a good deal of other involvement prior to this incident. + +We later learned that Positive\_Eagle\_ was suspended by Reddit directly shortly afterwards. Positive\_Eagle\_ does still have donuts coming in this distribution, around 100K worth. This poll is to determine whether we should issue donuts to this account or not. + +Positive\_Eagle\_ reached out on another account to offer their side of the story: + +>Hello everyone, this is positive\_eagle\_ , I made this account to put forward my point regarding the latest poll of "removal of positive\_eagle from the distribution" + +> +>First of all i wanted to say a big big thanks to the mods for giving me a chance to put my side of the story. That you remember 24 days back I got in a suspicious upvote party post , here's the link of the post: [https://www.reddit.com/r/ethtrader/comments/p3sdij/the\_following\_accounts\_are\_involved\_in\_an\_upvote/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/ethtrader/comments/p3sdij/the_following_accounts_are_involved_in_an_upvote/?utm_medium=android_app&utm_source=share) + +> +>I presented the case to the mods here and they gave me a warning and gave me one chance , but someone sent that post to r/Cryptocurrency mods on the same day and without any review or research I got a message that I am banned: + +> +>[http://imgur.com/a/sYQvFbO](http://imgur.com/a/sYQvFbO) + +> +>If anyone from that post is here and if you too got banned from r/Cryptocurrency after that post i would be really helpful if you can tell in comments. I told them about the full case and they uplifted my ban. 13 days ago I got a mail from reddit that I got suspended because of circumventing the ban on r/Cryptocurrency and got permanent suspension:  + +> +>[https://imgur.com/a/LM9FaeM](https://imgur.com/a/LM9FaeM) + +> +>So I appealed to the reddit team but got no help/solution from them and still trying to recover my account. At the moment my account is still permanently suspended. I was a genuine participant in the last distribution. If you guys want I can send you the comments screenshots as well as I had helped some people in the chats.  + +> +>I didn't get suspended because of any vote manipulation or upvote party and I'm not still sure how I got suspended because I have got one ban from the r/Cryptocurrency which I got uplifted. I hope you guys will give it a thought.  + +> +>[http://imgur.com/a/pCzv2On](http://imgur.com/a/pCzv2On) + +> +>I always believed that "Community always comes before an individual" and if you guys still feel that i used some false means to get those donuts or I don't deserve these donuts i will happily appreciate it but before that please put yourself in my shoes that do i really deserve this? I was an active participant, interacting with everyone and if someone can come forward that i was a genuine participant of the sub it will mean a lot. I will appreciate mods view on this too. Also i am really sorry for delaying the donuts distribution. + +Afterwards, I reached out to the mods of /r/cryptocurrency to confirm this. They responded: + +>He is not banned. Someone unbanned him when he got banned with the whole crew of ethtrader manipulators. Then he was subsequently temp banned again here for upvote party vote manipulation (I guess before his account was suspended by reddit). I am going to reban him now anyway in case his account does get unsuspended, seems like repeat offender trying to farm karma in any community points enabled sub. + +&#x200B; + +Some notes: + +* Currently, Positive\_Eagle\_ is in the distribution. That means that the 'Yes' option below must meet the decision threshold in order to remove them. If a decision threshold is not met, that means that Positive\_Eagle\_ will remain in the distribution. And of course if 'No' reaches the decision threshold, they will also remain in the distribution. +* If the Yes option wins, the 100K donuts that were headed to Positive\_Eagle\_ will simply not be issued, essentially burned. (There was some talk about should they be redistributed, but after some discussion, it seems best that there should not be a monetary incentive for anyone to vote a certain way on this) + +[View Poll](https://www.reddit.com/poll/plsulc) +**Please read the details before voting to make an informed choice!** + +During the last month, a number of users were banned for holding "upvote parties" in old threads. These banned users do not have donuts coming to them in distribution #101. + +We had planned to issue a warning to one of the individuals suspected to be involved in this group, Positive\_Eagle\_. We decided to warn this user rather than ban, as Positive\_Eagle\_ had contributed a number of threads and had a good deal of other involvement prior to this incident. + +We later learned that Positive\_Eagle\_ was suspended by Reddit directly shortly afterwards. Positive\_Eagle\_ does still have donuts coming in this distribution, around 100K worth. This poll is to determine whether we should issue donuts to this account or not. + +Positive\_Eagle\_ reached out on another account to offer their side of the story: + +>Hello everyone, this is positive\_eagle\_ , I made this account to put forward my point regarding the latest poll of "removal of positive\_eagle from the distribution" + +> +>First of all i wanted to say a big big thanks to the mods for giving me a chance to put my side of the story. That you remember 24 days back I got in a suspicious upvote party post , here's the link of the post: [https://www.reddit.com/r/ethtrader/comments/p3sdij/the\_following\_accounts\_are\_involved\_in\_an\_upvote/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/ethtrader/comments/p3sdij/the_following_accounts_are_involved_in_an_upvote/?utm_medium=android_app&utm_source=share) + +> +>I presented the case to the mods here and they gave me a warning and gave me one chance , but someone sent that post to r/Cryptocurrency mods on the same day and without any review or research I got a message that I am banned: + +> +>[http://imgur.com/a/sYQvFbO](http://imgur.com/a/sYQvFbO) + +> +>If anyone from that post is here and if you too got banned from r/Cryptocurrency after that post i would be really helpful if you can tell in comments. I told them about the full case and they uplifted my ban. 13 days ago I got a mail from reddit that I got suspended because of circumventing the ban on r/Cryptocurrency and got permanent suspension:  + +> +>[https://imgur.com/a/LM9FaeM](https://imgur.com/a/LM9FaeM) + +> +>So I appealed to the reddit team but got no help/solution from them and still trying to recover my account. At the moment my account is still permanently suspended. I was a genuine participant in the last distribution. If you guys want I can send you the comments screenshots as well as I had helped some people in the chats.  + +> +>I didn't get suspended because of any vote manipulation or upvote party and I'm not still sure how I got suspended because I have got one ban from the r/Cryptocurrency which I got uplifted. I hope you guys will give it a thought.  + +> +>[http://imgur.com/a/pCzv2On](http://imgur.com/a/pCzv2On) + +> +>I always believed that "Community always comes before an individual" and if you guys still feel that i used some false means to get those donuts or I don't deserve these donuts i will happily appreciate it but before that please put yourself in my shoes that do i really deserve this? I was an active participant, interacting with everyone and if someone can come forward that i was a genuine participant of the sub it will mean a lot. I will appreciate mods view on this too. Also i am really sorry for delaying the donuts distribution. + +Afterwards, I reached out to the mods of /r/cryptocurrency to confirm this. They responded: + +>He is not banned. Someone unbanned him when he got banned with the whole crew of ethtrader manipulators. Then he was subsequently temp banned again here for upvote party vote manipulation (I guess before his account was suspended by reddit). I am going to reban him now anyway in case his account does get unsuspended, seems like repeat offender trying to farm karma in any community points enabled sub. + +&#x200B; + +Some notes: + +* Currently, Positive\_Eagle\_ is in the distribution. That means that the 'Yes' option below must meet the decision threshold in order to remove them. If a decision threshold is not met, that means that Positive\_Eagle\_ will remain in the distribution. And of course if 'No' reaches the decision threshold, they will also remain in the distribution. +* If the Yes option wins, the 100K donuts that were headed to Positive\_Eagle\_ will simply not be issued, essentially burned. (There was some talk about should they be redistributed, but after some discussion, it seems best that there should not be a monetary incentive for anyone to vote a certain way on this) + +[View Poll](https://www.reddit.com/poll/plsulc) +This is the official $GME Megathread for r/Superstonk. 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Not sure if I actually will though because I derive a lot of self worth from my job (which isn’t great, but it is what it is). + +I haven’t been quick to open an IRA in the past because I figured between maxing out 401k and investing in the market I should be covered. + +What are the advantages of opening an IRA? Would I be able to start withdrawing funds at 40 if I retire then? If I fall ill earlier than my 60s do I get access to it? Do I even qualify for one (have heard about income restrictions)? +For those of you with a multi-million NW and multiple kids, how do you choose to allocate your funds when you die? How do you avoid spoiling your children but also give them a head start on life? How can you teach your kids FI principles while knowing that they might already be FI because of potential inheritance? +First of all (thx for the comment to remind me) : + +There are no immediate actions needed. No urgent, it is not a "do-this-now" & no organized mass actions. It is just for information purposes only and help other apes go through the voting. So relax, read that slowly, make your own decision & don't hesitate to share some info with us to enrich that post. + +\---------------------------------------------------------------------------------------------------------- + +**EDIT11,12,13,14,15,16, 17, 18,19 :** *LAST UPDATE : 08/05/2021 11:24 BRUSSELS TIME* ***:*** + +*added some brokers even oustide EU & alphabetical reorganisation + fixes with new inputs* + +**EDIT10 :** *24/04/2021 08:01 BRUSSELS TIME :* + +It seems that lot of EU brokers say AT FIRST that they don't allow to vote for US stocks. BUT, it seems that if you ask them directly for a certificate which officially confirms your holding on the 15th of April (which can be free or required a payment depending of the broker check the list at the end); and that you send it to gme; you may be able to get a control number. Nothing set in stones yet. + +I'm contacting Investors Relations hoping I'll get an answer and I'll update that post. + +***You may experience different answers that others apes had, don't take what is gathered here as the absolute and unique truth*** **🙏** ***always check directly with your broker*** **🙏** ***and if you have a new info, write it in the comment I'll update the thread.*** + +\---------------------------------------------------------------------------------------------------------- + +# 💎 Hi Fellow apes / GME investors ! 💎 + +The day has come to make yourself heard. I know some of you are not used to vote; but in the coming days your actions may be decisives. + +**✋** *\*FIRST CHECK AT THE END OF THE THREAD & IN THE COMMENTS TO SEE IF YOUR BROKER IS LISTED TO AVOID SPAMMING THEM\** **✋** *~~IMPORTANT with some brokers if you register to vote you're unable to sell the shares (you registered) before the shareholders meeting date. For the ones that are scare to miss anything, remember, you can register a fraction of it.~~* ***That info IS wrong (it has been checked twice) since the custodian date is already in the past. If you have any doubt call your broker.*** + +**If you want to vote** : It depends on which BROKER you are but the majority of them don't automatically transfer you the PROXY statement specifically when it concerns shareholders meeting related to US stocks. + +What you would need to do : + +1. Call your broker and tell him that GME released the **"Information required for the Proxy Statement"** +2. **Ask them how to proceed to VOTE** (don't be shy, don't hesitate to ask for a full detailed answer, there are no dumb questions at that point). You can say that you read that you need a **CONTROL NUMBER**. + +NOW depending of your broker they can say several things : + +1. No problem, we'll send you all the related paperwork and your control number + +=> **GREAT** just proceed + +=> Go on [HERE](https://www.investorelections.com/GME) and follow the steps (it's the official link from the [DEFA14A](https://investor.gamestop.com/node/18841/html)) + +2) Sorry we are not used to do that, I'll check with my supervisor. + +=> Not so GREAT **but it's OK**; just give them a day or two, if no news, maybe you should CALL THEM AGAIN. + +3) Sorry we bought your shares through an American Broker and it doesn't allow you to participate in the VOTE + +=> if you want to go further, **ASK them for a detailed written mail of WHY you can't participate.** + +=> IF they don't send you that mail in a couple days, maybe it is time to **CALL THEM BACK** ask why. *Don't fall for the conspiracy theory, maybe it's just regular business that you can't vote; not everybody read the tiny notes on all brokers contracts. Take that as a lesson for next time.* + +Once you get the mail, contact the **INVESTOR RELATIONS** of GAMESTOP by mail or phone (once again don't be shy, you're not stupid) : + +**Investor Relations Phone**: *001 817 424-2001* **Email**: [*investorrelations@gamestop.com*](mailto:investorrelations@gamestop.com) + +Check with them if they can help and if there is something that can be done. + +If not, you didn't waste your time since the Investor Relations at Gamestop will surely record your statement and archive that in case they want to proceed with a thourough investigation on why you were unable to vote. Or they can just register it and have a better idea of how many persons are in your situation. + +You did all that? GREAT, you can go back doing nothing. + +\------------------------------------- + +**Don't hesitate to share your experience with your broker (name it) to help to other fellow apes.** + +I'm with BOLERO, I contacted them this morning, they said that they will send me all the details on how to proceed. The woman was kind of clueless since she needed to wait for her colleagues to address my issue. I'll keep you in touch on how it goes. + +PEACE + +\-------------------------------------- + +# 🚀 List of brokers and related info from the Comments 🚀 : + +*(since I can't verify everything I rely on trust, always check directly by calling the broker yourself)* + +\- ABN AMRO : All clear. Apparently, no extra costs, they send an email with the proxyvote link and the code required to login. + +\- **AJ Bell (UK)** : Can't vote via proper channel, stored in CREST. + +\- **Avanza** : Voting with Avanza is not possible outside the EU, according to [https://www.avanza.se/kundservice.html/457/hur-anmaler-jag-mig-till-en-bolagsstamma/?categoryId=348](https://www.avanza.se/kundservice.html/457/hur-anmaler-jag-mig-till-en-bolagsstamma/?categoryId=348) + +\- **Avenue (Brazilian)** : Need to call the broker. + +\- **Baader Bank** : Seems possible waiting for more info. + +\- **Belfius** : Apparently can't vote through dedicated proxy. + +\- **Binckbank** : Should be eligible, go to "mij rekening/instellingen/producten en diensten => digital voting by proxy (5€/vote) + +>Other apes who contacted them told me that BinckBank doesn't allow to vote for US stocks. As all brokers they can deliver a certificate but we don't know yet if it's enough to get a code for the vote. + +\- **BMO Investorline** : Shoud automatically send the document online, if not, call them. + +\- **BNP PARIBAS / SMARTBROKER** : You should receive an invitation for the vote in your (mail) account. From there you can request your right to vote for free! + +\- **Bolero** : They don't automatically send you the proxy. They are waiting for the paperwork that should arrive by mid-May, need to be contacted back at that time. Apparently no extra costs. + +\- **Broker Ninety Nine** : Apparently can't vote. + +\- **Comdirect** : Should send the paperwork mid-May. Apparently no extra costs. + +\- **Dad.at** : ~~charges 150€ to register you for the meeting.~~ Apparently it's 40€. + +\- **Danske Bank** : (copy/paste) + +Danske Bank (in Finland) told me that the request to vote in an international company's meeting was rare, but after looking into it said it could be done. Looks like there is a relatively standard form and some piece of procedure on the bank's behalf that needs to be done - they fill and submit the paperwork for you, and they essentially just need the information for the "Voting instruction:" -field of the form. They do charge a pretty hefty EUR 75 + VAT fee, though. + +\- **Degiro** : Read below! Just need to inform your broker and pay 10€. All clear. + +*~~Warning for Degiro users there are sources that say that these shares are blocked until the date of the meeting and cannot, therefore, be sold. So just register a fraction of it~~* [*~~Link~~*](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.degiro.ch/data/pdf/ch-en/ISI%2520-%2520Corporate%2520Actions.pdf&ved=2ahUKEwjWmPLGzvvvAhW1aRUIHVkJCGEQFjAMegQIDRAC&usg=AOvVaw19YJJG0RwQTDy2l0RoD4rx) **That info is WRONG (it has been checked twice) you can vote without blocking your shares. Check with your broker if you have any doubt.** + +>However ('cause life isn't simple) other sources say that it doesn't block anything since the custodian date was earlier (which make sense for me) : [https://i.imgur.com/co9Q61H.png](https://i.imgur.com/co9Q61H.png) + +\- **DIRECTA SIM (Italy)** : Voting is free of chargeTo obtain your code you must submit your request to the customer service via email at [directa@directa.it](mailto:directa@directa.it) + +\- **DKB** : Seems to charge 300€ for the certificate.. ouch + +\- **DNB (Norway)** : ~~Seems to charge 100€.~~ To vote contact [corp.acts@dnb.no](mailto:corp.acts@dnb.no) + +Price is NOK 2000,- (approx. $240) + +\- **Eerste Bank** : Apparently can't vote. + +\- **eToro** : Apparently can't vote. (copy/paste) *Although you are trading the value of the underlying real asset, you are not issued a stock issuance certificate or allocated voting rights and your name is not registered under the share register. Nonetheless, should the company issue dividends, your balance will be updated in accordance with your holding* + +\- **FLATEX** : Flatex charges you EUR 5,90 for the certificate showing that you are the proper owner of the shares in your Depot. You need to mail this certificate then to Gamestop (Investor relation) and let them know that you want to participate in the shareholder meeting and prior to it already to the election + +*~~It seems that it is not possible for flatex customers to participate in the vote without getting blocked from trading the shares unfortunately. (same as degiro) - so register a fraction of it~~* ***check degiro line*** + +\- **Fineco** : Possible to vote, need to contact the broken, FEE for voting 100 GBP. + +\- **Freetrade** : Apparently can't vote. [Link.](https://www.reddit.com/r/Superstonk/comments/mwt2sp/international_apes_and_voting/?utm_medium=android_app&utm_source=share) + +>If your securities are held in the Freetrade ISA, it seems that you may be eligible for vote. Waiting for more information. + +\- **Hargreaves Lansdown** : It's not possible to vote. The shares are held as CREST Depositary Interets to enable them to be settled through the UK & Ireland. To be able to vote, GME would need to contacts CREST directly. A fellow ape already transferred that to GME Investors center to see if there is something that can be done. + +\- **HSBC France** : Should send the details in the coming days. + +\- **HSBC Germany** : Apparently unable to vote (always check with your broker). + +\- **IG Share Dealing (UK):** email [corporate.actions@ig.com](mailto:corporate.actions@ig.com). You should receive a mail with instruction on how to vote around the 7th of May at last. + +\- **ING** : not possible to vote. + +\- **Interactive Brokers**: if you have a cash account and disabled the lending then you will get your documents. It can take up to mid may. + +\- **Interactive Investors (ii)** : You can vote either by telephone or by the secure message system of the broker. You may ask the control number if you want to vote using the online proxy site. No extra costs. + +\- **JustTrade** : Apparently can't vote. + +\- **Keytrade** : Apparently can't vote. (asks 20€ to get a certificate) + +\- **Kreissparkasse** : (Erlangen-Höchstadt) doesn't provide control number but does send a depot statement. + +\- [**Lynx.nl**](https://Lynx.nl) : Can vote. Some apes already received their control number. + +\- **mBank BM** : Apparently needs to pay 250€ to be able to vote. + +\- **Nordnet** : Apparently can't vote. + +\- **Nordnet Finland** : Apparently can't vote. + +\- **OnVista**: They don't offer voting but you can request a certificate (costs 20€) to send to [investorrelations@gamestop.com](mailto:investorrelations@gamestop.com) + +\- **OpenBank** (santander) : Should send the details in the coming days. + +**- Rabo Bank :** Can't vote apparently. + +\- **Raiffeisenbank Austria** : Ask for a confirmation deposit/certificate from your broken, then send it directly to gamestop to get voting rights. + +\- **Revolut** : UPDATED! Revoluts started to send the mails to vote. All Clear. + +\- **Saxo Bank** : You should be able to vote. Ask for a certificate and send it to [investorrelations@gamestop.com](mailto:investorrelations@gamestop.com) to get your control number. + +\- **SelfWealth (Australia) :** Apparently can't vote. *SelfWealth has no beneficial ownership or right to either your holdings or cash. Your shares are not being lent out and you do not have voting rights for any US Stocks* + +\- **Sharesies** : Apparently can't vote. + +\- **Stake (Australian)** : You should have received a mail with instruction pointing to [vote.saytechnologies.com](https://vote.saytechnologies.com). All clear. + +\- **Swissquote** : UPDATED! Ask for a proof of ownership, you should receive it for the 15-04-21 then email it to [investorrelations@gamestop.com](mailto:investorrelations@gamestop.com); you should then get a control number + +\- **T212** : (copy/paste from comment) They send an email with certificates within 24 hours. + +>It seems that for T212 it depends. Some apes had a different answer : "Please note that voting rights are currently not available through our platform. However, should there be any development on the matter whatsoever - we will make the appropriate announcements." + +\- **Trade Republic** : it seems that you can't vote.\*\* + +>Some apes are telling me that it may be possible. I'm waiting for more info. ALWAYS CONTACT YOUR BROKER to be sure, don't take what I gather here for granted since you may experience a different situation. + +\- **X-O (JarvisIM)** : Apparently has confirmed you can vote, just need to email them at least a week before the AGM. They also confirmed it will cost £20 + VAT + +\- **XTB (xStation)** : ~~You have to pay 250€ (minimum) for the certificate... ouch .~~ Other apes says that the docs should arrive by the 19th May. Apparently no huge fees, contact your broker. + +&#x200B; + +\------------------------------------- + +EDIT1 : \*Procrastinating (title typo) + +EDIT2 : Rephrasing. + +EDIT3,4,5,6,7,8,9 : Adding new brokers +https://www.businesswire.com/news/home/20220314005483/en/Barclays-Suspends-Until-Further-Notice-Further-Sales-and-Issuances-of-Two-Series-of-iPath%C2%AE-ETNs-the-%E2%80%9CETNs%E2%80%9D + +I'm not even sure what this means. Right now VXX is trading at about 10% over NAV. No clue for Oil + +Vol in both products has gone through the roof. near term VXX is about 200iv. long term 150iv + +VXX is trading at a premium to UVXY, vix futures, vix options. +I can't understand the whole Bagholding thing. Rule No. 1 of Selling CC should be owning stock you would want to own, even if it is temporarily falling. If that is the case, you wouldn't mind "bagholding", you would sleep well, earn theta and at least dividends and enjoy getting green in the long run. +Ok so the dividend has been distributed and as I look through ToS at the option chains for AMC and APE I see that: 1. there are no option chains for APE. 2. All the option chains for AMC have become non standard "100 (APE 100)" option chains. + +I can't find much info about this through google searching and I have sent an inquiry to TDA and am waiting for a response still so I figured I'd ask here too. Does anyone know if the options for AMC and APE will always be tied together or should we expect to see separate option chains for AMC and APE sometime in the future? + +&#x200B; + +EDIT UPDATE. TDA responded with this: "At this time it is difficult to say as we don't yet have that information. The options on AMC will not always include APE that is only due to the corporate action that occurred today. In the future new standard options will be released that are only for AMC shares at their current price. As far as APE offering options they could possibly reach out to the OCC or AMC's investor relations to see if they plan to offer options on those shares in the future." + I have read innumerably that theta kicks severely with less than 30 days to an options expiration. But is there any data to back this conjecture? Is there any math paper you know with evidence of this? Is there a way to graph theta from, say, thinkorswim or Bloomberg Terminal (access to both of which I have)? + +I am attempting to determine the best strike and expiration pair to sell calls in my PMCC. +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) +Long story short I work in financial services and was on the phone today with some cunt who has well over $5m in investments to his name, claims to be self made and claims that this is the next big thing. + +What do you idiots know about this stock and does it come with 🚀🚀‘s? +Ok so hear me out. Chinese shipping has recovered, you can see how WTC is climbing up. All coronavirus information is priced in, as we can mirror our situation based off Italy. + +The unemployment announcements have been made clear already and priced in. There may be a lockdown, but that might be priced in too after monday. Government has made significant policy changes. + +I think this is the bottom. + +And if I'm thinking like this. Then many others will be too, so we see an influx in demand. + +EDIT: Yeah the bear is done. +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) +Ok retards, I have a measily $1600 to invest to pay for my wife's lunches with her boyfriend. + +Should I go with 4DS or BRN? and why. Or another speccy stock. + +I'm a bit worried about Feb coming up as it is usually the weakest trading month of the year. + +&#x200B; + +***Update:*** + +There was no majority winner at the close of market, with 41.8% and 36.7% of votes for 4DS and BRN respectively. So I have split the lunch money, with \~$1000 in 4DS and \~$600 in BRN. Hopefully see some rockets next week. Now to read WTF I have just bought! + +Thanks all for voting + +https://i.redd.it/cxs82zu5ltc61.gif + +[View Poll](https://www.reddit.com/poll/l2d1to) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Did you notice, that with the immense growth of the sub, the knowledge level sharply declined? + +My theory is that instead of lame FUD spreading oneliners, a lot of sleeper shills are now among us. + +Posting wrong info knowingly, (asking basic questions), downvoting corrections of misinformation and hyping stuff, that is already debunked. + +The new FUD, imo, isnt in your face “SeLL” “sHoRts R cOvErEd”, but rather making subtle statements, that make an informed investor question the integrity of the whole sub. + +EDT: happy some of you agree. Some late examples: upvoting the hell out of the “corrected” exponential floor, downvoting people pointing out russell 2000-1000 adds sell pressure (historically in most cases) and/or that etfs that track russell wont buy shares in AH (would be ludicrous with the spread of ask bid in AH and the amounts those etfs need to trade), but in most cases monday at market, platant goal post moving (t+21 affected by juneteenth lol) + +The last one is a great example. For me, having no noticeable spike on t+21 is not as bad as seeing people try to rationalize the fuck out of why there wasnt.. + +Same with the expo floor. So what it broke? If sum 90% die at a drug trial, u dont go “well if they wouldnt have died, the drug would be 100%effective” + +*Easy to hype up date - suppress the anticipated- and then move goalposts. +You FUD the gullible (nothings happening) and the knowledgeable (Wait, moving the model to fit the chart? Thats delusional, wait a sec... what else is?!)* + +Nice sideeffect for the shills, this kind of FUD is untraceable by Satori. + +Edt2: my impression of this sub was deteriorating fast, everyone who came to my post with their input, really helped not feeling lost here, thanks guys, happy im not alone in feelin this way! Been holdin since December and ofc i will continue, i will however be takin this sub more lightly, and not engage in trying to put things right, cuz apparently, the real ones, you guys, know exactly whats what anyway 😍 + + +💜 +This has probably been asked a million times, but as someone who is heavily invested in US stocks, both long & mid-term. Going forward, would it be a smart idea to just hold those, and start investing in long-term UK stocks. Or perhaps just stick with my original strategy? I've been dcaing weekly into my long-term, so even if things are going down, I've been catching some things at good prices. +Just read numerous articles that capital gains tax could be increased to fund the debts incurred during this COVID era. + +Those in the higher band could pay 40% CGT on any profits, and those in the lower band could pay 20% CGT. + +The higher band in particular seems pretty astronomical, wiping out nearly half of your gains. + +Slightly concerned by this. +I own HSBC, iShares and Vanguard funds bought through Hargreaves Lansdown. Does anyone know what would happen to my funds if HL were to collapse? + +And can I transfer the funds now to hold directly with said companies (HSBC, iShares and Vanguard) instead? +Hi everyone, I've been following this sub for a while now and have appreciated you all sharing your wisdom. I'd love it if you could give some advice about my portfolio; a fresh pair of eyes is often a good idea! + +​ + +My situation: + +* 25 years old, earning £130k + bonus (10%), with annual salary increase of 10-15%. +* Have an emergency fund in an instant access saver that covers all costs for 4 months. +* Have just started saving for a flat deposit with my partner. Didn't open a LISA because we're looking at Central London and the price will exceed the limit for first time buyers. +* Currently renting at £800pm but besides that I live fairly frugally, expenses are \~£600pm. After tax and student loans etc, I save \~£4300 a month. +* Maxed out my firm's 5% contributory pension policy. + +​ + +My portfolio (iWeb): + +* £9,500 in Blackrock Ishares 100 UK EQTY IDX UK. +* £10,000 in Baillie Gifford Emerging Markets Growth B Acc +* £10,500 in iShares S&P 500 Information Technology Sector UCITS ETF +* £10,000 in cash awaiting next investment (advice welcome!) + +&#x200B; + +I'm happy to take risks because I'm not planning to touch the above holdings for at least the next 30 years, and I'm in the fortunate position where I don't need this money. Also, I'm aware that the portfolio is in need of diversification, and so the plan for my next investment is a buy to let property. As I get older, I'll slowly move towards bonds and other lower risk holdings. + +​ +Hi all, + +I'm sure we're all aware of airlines and travel agencies sneakily (and sometimes overtly) flouting contract law and dodging their obligations to offer refunds. + +Putting aside the impact of COVID for a moment, I wonder if this behavior might impact the industry in the long run? + +Now, people will still fly, even if they've had a bad experience. Michael O'Leary is fond of pointing out the number of people who say they'll "never fly Ryanair again" but promptly return when they can't resist their prices. + +But I can see it having an impact at the already-struggling premium end of the market. From BA to fancy travel agents, premium travel relies on the notion that the carrier will look after you, and you won't get treated the way Ryanair treats their passengers. + +But I imagine there's now a lot of premium travellers that have been on the receiving end of some buccaneering behaviour from reputable airlines. I wonder if this might take the sheen off the premium end of the market and drive people further towards low-cost carriers. + +From a personal point of view, I now certainly wouldn't risk booking expensive first class flights with BA for a honeymoon if I know I might not get it back if things go wrong. I'd rather minimise my exposure to loss by buying the cheapest ticket possible. + +Put simply, if I think there's any chance of my flight being cancelled and me losing the money, I'll be buying the cheapest ticket possible. + +I know airlines are trying to manage their cashflow, but I do wonder if the flag-carriers have missed an opportunity to differentiate themselves from the low-cost carriers, and if it might backfire in the long run. +I see a lot of posts on here about people suggesting to just put your money into a vanguard global index fund and forget about it. + +I understand the logic behind why that would be a reliable bet over the long term. However, given that managed funds like Lindsell Train Global Equity has averaged something like 20% over the last 5 years, why do so many people advise steering clear of managed funds because they won’t do better than the global index? + +Can anyone explain this clearly for me? Is it because, yes, Lindsell train has smashed it over the last few years, but could just as easily take a turn at some point and start underperforming against the global index over a longer timeframe? +Will administrators get enough funding to keep some malls open? [https://uk.reuters.com/article/uk-intu-prop-debt/lakeside-owner-intu-debt-talks-fail-raising-prospect-of-administration-idUKKBN23X0SA?il=0](https://uk.reuters.com/article/uk-intu-prop-debt/lakeside-owner-intu-debt-talks-fail-raising-prospect-of-administration-idUKKBN23X0SA?il=0) +I am curious if there are any credible, actively managed funds or general index funds / trackers for crypto currencies. + +So far I have found a few hedge funds, but these are not for your average joe to dip a bit of cash into for experimentation. (They mainly work with institutions, not individuals) + +Does anyone know of any such places? + +Edit: thanks guys, main takeaway seems that index funds would essentially be just bitcoin since everything generally tracks off of that. Alternatively there's C20 coin. There don't seem to exist actively managed funds available in the UK, other than what's provided through Iconomi. However doing some research on them they don't appear to be very trustworthy. So my conclusion so far: nope. +As you can already guess this idea is inspired from the famous r/millionairemakers sub. + +What sub better to run this better than our very own r/Cryptocurrency ? +With moons vault it's pretty easy and straightforward to donate a moon for everyone. +Even if a thousand of us just donate one moon each, it can make up a significant sum for a lot of people on this sub. +we can do this weekly/monthly or as mods decide. + + +For people who are not aware the general premise is that Mods can take all the unique user comments from one post and use them as raffle entries, which they can put through a random draw to come out with one user who has won. + +Mods can just create a Public moon vault for the very purpose to which we can all donate and make the day of the winner with some considerable moons. + +So what do you guys think? + +Edit: General consensus from the comments is that only the people who donate 1 or more moons should be eligible. Which is actually sensible imo. +For those who have enough in net worth that they will be comfortably withdrawing less than 1% in FAT retirement, does it really make sense to hold bonds? The current no-interest rate environment aside, if you’re withdrawing so little, or borrowing on margin, is there actually value in holding lower-volatility and lower-return assets? Even a market crash seems like it wouldn’t have much of an effect if you’re making small withdrawals relative to your total principal. If you can just continue to hold your positions, won’t you be better off sticking with the highest returning assets regardless of volatility? + +This seems to fly in the face of conventional wisdom, but maybe that’s just because conventional wisdom isn’t aimed at the UHNW crowd? Or are the traditional recommendations less focused on maximizing returns and more focused on managing psychology? What am I missing? + +Would really appreciate your thoughts, particularly if anyone has seen any useful analyses on this question. +Who all here is on a FatFire track in "boring" engineering fields like public works, civil/structural engineering, mechanical engineers (hvac, machinery, etc), electrical (e.g. power grid)? Where does your high compensation come from? +I feel like I am missing out on cheap loan opportunities these days. + +I already refi against all my properties to reinvest in the stock market. And yet my debt to asset ratio is still single digit. + +Another thing I have done is buying and selling 3x or 2x stocks (rebalanced when necessary but this doesn’t take too much time). + +How do you guys get your leverage? +Some background on myself - I'm looking to buy a majority stakehold in a (private) company soon, as well as deploy some capital into real estate and other assets. + +Does anyone have any resources and/or experience around the pros/crons of aggregating all of your investments within a holding company? (tax benefits/drawbacks, capital efficiencies/inefficiencies, easier access to loans/leverage) + +I also hate to admit it but having everything under one umbrella feels much... *cleaner*? + +Edit: I’m in the US for the avoidance of doubt. +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. + I am currently getting burned on the Greenwich Life Sciences ($GLSI) stock. I purchased 5 shares @ 62.80 a share now they are only worth 39.60 a share. Worst stock purchase I have made. I want to sell and cut my losses but this seems personal and I want some of the 120.00 dollars that I lost back. I just don't want to say that I lost 100 on a stock. It's like this stock is a person that owes me money. Has anyone else ever had this experience? +I wish I would’ve done it before it made my monthly payments cheaper and the interest is substantially lower! And now my only debtor is my credit union 😀 + +I joined the credit union two months back and it’s so much better than a bank! I was amazed! + +Any other good financial advice I would happily take! At 26, I’m fixing young mistakes and there’s still so much I’m uninformed about! I wish they taught finances in high school +I'm trying to figure out how to best use the money to help me get some kind of stability. Also I could really use a thorough ELI5 for the benefits mail I [got](https://imgur.com/a/MBjlD0n). + +Some background to help inform advice: +I've mostly been living in my car for the last 14 months after a traumatic experience earlier that same year left me with PTSD resulting in a sharp decline in my ability to work and subsequent firing. + +I won't go into detail about my symptoms, but on a less than great day in pretty much the scary guy on the corner obliviously ranting to himself in public, and on a bad day I black out and lose all memory of what transpired. It still takes a lot of effort day-to-day day to remain lucid even on a decent day. + +I lived on credit for a while just trying to keep me fed day to day. My mental health has now improved enough that I see my decision making abilities vanished for awhile and I was in pure survival mode. So I went from a perfect credit score and a great job to being delinquent on nearly 20k and using dog sitting jobs to have a place indoors to sleep. + +My car is not in great shape, since I've completely neglected the maintenence, again just didn't have the mental capacity to make it the priority it should be. + +I've tried twice to get disability (Texas) for my PTSD. I am diagnosed, but each time I've applied they've "lost" my application and told me to reapply, even after sending me confirmation emails that my application was received and I even had appointment dates confirmed... I talked to a friend of a friend here in Texas who said it took him 2 years of legal battles to get disability for his PTSD and he seems to think that's the status quo for Texas. + +So my first thought for the money was to try to get a tiny cheap apartment so that I have some stability and could improve my mental health because just trying to figure out where I'm going to sleep every day takes up a ton of my mental energy. But that would only give me several months at best, if I could even qualify for a lease. + +My next thought was to hire a disability lawyer with the money, but then I'm worried if it really takes so long to get approved I might run out of money before I'm able to. + +*edit: I will be taking no more armchair diagnoses from the peanut gallery, thank you. I do currently have a therapist and it's safe to say they're in a better position to know than any random redditor. And that's not what this post is about. +Idk if this is the right place to put this. But I've been a longtime lurker on this subreddit. + +I used to post to r/assistance and r/randomactsofpizza. I used to donate plasma at a local Grifols, and I did payday loans to finance my lifestyle even when I couldn't afford to do it. My bank accounts used to be -negative- and in the red with no money for two weeks cause I paid my bills and rent and bought groceries. I had nothing but ramen and mac and cheese and that's cause I scraped together enough change to make it work. + +Throughout this experience, I kept trying different career ideas. Teaching myself how to code, digital marketing, even learned about "data science". All of this I learned through browsing reddit. Searching"how did you get a 6 figure salary or how to get a job without a degree". Most of my money (I made $8.25->$7.25->$9.25->$15 an hour from 2015-2018) during this time went to school/car/life. My parents were always there, and I was lucky that I had a roof overhead. I know many who don't/didnt. I should have even asked for help sometimes, but I knew they had 3 other kids and their own debt to take care of. I tried all the savings plans and hacks and honestly, I didn't have much success. + +I considered so many other get-rich-quick paths, crime and all that shit. I used to get excited applying for jobs paying 25K a year. It took a bit, but I got a job paying $28K that led to $50K and now the tables have turned. I make more than 100K+ a year, I work for one of the biggest companies ever to exist. I have spending money. Actually putting into a savings account, 401K, stocks even. + +And before you think Im about to make this into a rags to riches story, I want you to know I actually hate it. + +I hate that we all have to struggle to eat, I hate that the only option to pay bills is taking predatory loans. I hate that to afford college you have to take more predatory loans, I hate that my parents both immigrants worked hard and had to watch their son fail out of college multiple times(with loans) and have the prospect of no future because the system only rewards a certain type of learner. I hate that success is now me profiting off the exploitation of others. I hate that I had to beg to get by. And fall my way into a career path where now I realize the only barrier to entry is privilege. + +But I hate even more, that I'm considered a success....and that many of you will never have the chance I have because we live in a world where we'd rather people die than give them access to housing, food, or healthcare, electricity, internet or any basic rights that people deserve. I don't want this money even though I strived for it. Maybe that makes me a dumbass or maybe I'm just a poser. But I hate how this world is set up. I'm so angry all the time, hearing people with so much privilege complain about missing out on ski trips cause they have to go on a golf trip. And these moneyed people don't have anything "figured out" they just got lucky and know to exploit what they already have, + +I don't hate people enjoying their lives, I just hate that we are all in this race to the bottom. Our lives revolve around money in the USA and it sucks. Killing this environment so Becky can have an iPhone, while people get exposed to covid for min wage. All I know is we all want a warm bed and a place to call home where we don't have to worry just for a little while. And me being in mine, makes me wish others could have it too + +tldr: I got to the end of the rainbow and it ain't so sweet. + +&#x200B; + +Update: I appreciate all the positivity and even the criticism on the post. I really wish we didnt have to do this ridiculous dance to survive. But wherever you are in your journey, I wish you the best and I hope you know you're not alone. Survival is great, but we need to enjoy this ride around the sun too, it may not come again. Also I will respond to people the best that I can thanks! +I watched a game developer rant on usage of nft that are admittedly stupid (bringing nft items from any game to any other completely different game for example), but he never talked about doing that within single games, or digital game downloads as nft themselves. + + + + +It was a long rant to slam NFT by poking holes in the worst concepts, because most people already don't know what they are, or the benefits, or if they are only getting the worst idea fed to them as if that's all there is to it. + + + + +Frustrating. I'm no NFT expert, but I have been a software developer for a long time and I can try to answer questions to help clear the FUD. +https://www.wsj.com/articles/the-new-retirement-plan-save-almost-everything-spend-virtually-nothing-1541217688?mod=mhp + +Seems like FIRE is experiencing an increasing amount of media coverage +EDIT: some people had a problem with my claim about how the high institutional ownership is indicative of naked shorting so I rephrased that part. Although, I think it's unlikely institutional ownership can be as high as it is without the presence of naked shorting, and this does not even factor in retail ownership. + +I originally wrote this up as a 29-slide powerpoint presentation to explain GME to my boomer parents who only invest in index funds, but I decided to convert it to a reddit post because I think it would be useful to new apes or people who wish to see some key DD in one place. I also took out some content about DFV that's widely known by the community here. Anyway: + +# The Big Picture DD + +This is a **comprehensive** due diligence intended to be both wide-reaching and approachable, but there are some concepts later on that may require more advanced knowledge. + +some disclaimers: + +• To the best of my knowledge, the information presented is accurate, although I am not infallible and neither are my sources. + +• I am not a financial advisor and this is not investment advice. + +# Gamestop news prior to Jan. 2021 + +&#x200B; + +https://preview.redd.it/3s2pl2d1qut61.png?width=2484&format=png&auto=webp&s=109071482185654f0bb39c78ffe1be5ef3712bea + +&#x200B; + +https://preview.redd.it/bskciot3qut61.png?width=1656&format=png&auto=webp&s=c4d65f2c16b430a9ed9779a2fa7a93c36116ee5f + +&#x200B; + +https://preview.redd.it/m0b2e285qut61.png?width=1490&format=png&auto=webp&s=d20c2734bb146827886569a64752017212a9f139 + +# Where we are now: + +&#x200B; + +[RC has hand-selected a dream team at Gamestop!](https://preview.redd.it/ea5bo3d8qut61.png?width=1376&format=png&auto=webp&s=e471f6a2518ec98a8d06d576a0fc772786d866fb) + +&#x200B; + +[No more debt!](https://preview.redd.it/jxxf3hhcqut61.png?width=2054&format=png&auto=webp&s=45d9369dfac32e45b217e797313abfd96954c09a) + +# Why does the debt repayment matter? + +• The bear thesis of Gamestop imminent bankruptcy is **dead.** + +• The junk bonds held some concerning clauses, now the takeout opens the gate for many profitable opportunities ahead. + +&#x200B; + +https://preview.redd.it/j11ebgmpqut61.png?width=1188&format=png&auto=webp&s=5986207eb234af44c645ed43a5a0ecc0c759e934 + +&#x200B; + +[From DOMO Capital Management. Key takeaways underlined in red.](https://preview.redd.it/w7w3471xqut61.jpg?width=1164&format=pjpg&auto=webp&s=c13eac6b5444155f1198dfa7f962843e0e93d8be) + +* Debt repayment provides flexibility, allowing Gamestop to engage in mergers, make better use of their real estate assets, and perhaps most importantly: **declare a dividend.** +* The importance of the dividend will be covered in greater depth during the short theory section. + +# DFV has quadrupled down since the congressional hearing in Feb. + +He easily could have sold his options and/or held onto cash but **he didn't.** Bullish af. + +&#x200B; + +https://preview.redd.it/wktwfbhkyut61.jpg?width=500&format=pjpg&auto=webp&s=0d05cf886340be20f87b4e0679ba2a929808cccd + +# Gamestop: the big short squeeze theory + +Why the stock holds more than long-term potential and a comprehensive list of strong signals that Gamestop is headed for a short squeeze of unprecedented volatility: + +# Other major short squeezes and their SI%, other stats + +VW squeeze in 2008 + +* “On 28 October 2008 a short squeeze on Volkswagen stock propelled this car maker tobecome the **world's most valuable company for a day.”** +* “In 2008, short sellers had shorted **13% of Volkswagen** (VW) shares... betting the stock wouldtank because it was too expensive. (At the time, VW traded at 19 times earnings—” +* “On October 26, 2008, Porsche announced that it had bought enough stock and options to control 74% of Volkswagen’s shares. twice that of its competitors.)” +* “Another firm, Northern Saxony, held 20% of the company... It wasn’t selling. Passive index funds owned another 6%, and they couldn’t sell shares either.” +* **“Combined, they accounted for 100% of VW shares...** So as soon as Porsche exercised its options, there would be no shares left for short sellers to buy to cover their positions.” + +TSLA squeeze in 2019 – 2020 + +&#x200B; + +* “Many of Tesla’s short sellers have closed out their positions over the course of 2020, with **short interest falling to less than 6% of the float from nearly 20%** a year ago, according to S3 data.” +* **“With shares up over 730%, Tesla bears have seen more than $38 billion in mark-to- market losses this year**, according to data from S3 Partners. By comparison, the next- biggest loss for short sellers was on Apple Inc., at just under $7 billion, S3 data shows.” + +# Why didn’t Gamestop squeeze in Jan. 2021? + +* Gamestop reached an intraday high of $483 on January 28th The options activity was extremely aggressive this week as far OTM options needed to be hedged by market makers, retail FOMO, and media hype fueled mass-buying as the stock continued to multiply in price. +* Then, major retail brokerages including Robinhood halted and restricted the **buying** of GME shares, artificially decreasing buy volume. The stock plummeted below $100 in a few days and below $40 over the following weeks. +* One particular hedge fund, Melvin Capital, had run out of liquidity during the price surge of Jan 28 and was likely on the verge of being margin called until.... +* “**GameStop short-seller \[Melvin Capital\] down 30% this year gets $2.8 billion bailout from the firms of billionaire investors Steve Cohen and Ken Griffin \[at Citadel\].”** +* Why would Citadel inject funds into a struggling hedge fund? Likely because the margin calling of this fund would have added jet fuel to GME rocket and collapsed all other shorts with it as they are forced to exit their short positions one by one. The shorts *must* work together or the entire house of cards will fall, leaving behind the biggest bag of financial shit of all time on the DTCC’s desk. +* Abusive shorting, the restriction of buying, and aggressive negative MSM campaigns drove a narrative that Gamestop was simply a pump-and-dump meme stock of little value and that the short squeeze was over. + +# But wasn’t that the squeeze? Short interest dropped off too! + +* Market makers and players on the short side of this bet have ways of **hiding the true short interest of stocks.** To summarize the main methods they use: +* Market makers buy deep-ITM call options to reset their FTDs (failures to deliver, aka shares owed to the institutions lending shares to short that are due to be returned at recurring deadlines, see the link for more FTD stats). [https://wherearetheshares.com/](https://wherearetheshares.com/) +* Exchange-traded funds holding Gamestop have been aggressively shorted. ETFs are meant to be passively held funds, and iborrowdesk has shown consistent shorting of **ALL ETFs holding GME.** +* Shady brokers have been diverting retail buying through dark pools in order to suppress buying pressure on the stock to keep the price artificially low. They then dump sell orders on the open market to drop the price. +* “Dark pools are exchange forums that replicate open stock exchanges, closed off to the public designed to hide institutional trading intent. In other words, by Gary Gensler himself, dark pools are designed to lack regulation, transparency and the light of transparency must be shone upon them” - u/umu68 +* Bloomberg terminals indicate >140% institutional ownership of GME. This is difficult to achieve without naked short-selling, essentially selling a synthetic share that isn’t supposed to exist, creating new shares in the process. Gamestop is supposed to have 70 million shares outstanding issued by the company itself. Many signs point that the number of synthetic shares far exceed the total of outstanding shares. +* DD for Deep ITM calls: [https://www.reddit.com/r/GME/comments/m05jed/mystery\_solved\_the\_deep\_itm\_calls\_are\_coming\_from/](https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/) +* DD for Dark Pools: [https://www.reddit.com/r/Superstonk/comments/movevb/dance\_of\_darkness\_the\_sec\_and\_dark\_pools/](https://www.reddit.com/r/Superstonk/comments/movevb/dance_of_darkness_the_sec_and_dark_pools/) +* DD for ETF shorting: [https://www.reddit.com/r/GME/comments/ls830a/found\_the\_reason\_for\_the\_dip\_they\_are\_shorting/](https://www.reddit.com/r/GME/comments/ls830a/found_the_reason_for_the_dip_they_are_shorting/) +* Bloomberg terminal of institutional ownership: [https://www.reddit.com/r/stocks/comments/le7syu/gme\_institutions\_hold\_177\_of\_float/](https://www.reddit.com/r/stocks/comments/le7syu/gme_institutions_hold_177_of_float/) + +# Damn, that’s a lot of shady shit. Why can’t they just do that indefinitely...aggressively short to always keep the price down? + +Hedge funds have been abusive shorting over the decades, and they HAVE been getting away with it indefinitely, and Gamestop was their bankruptcy jackpot. But now, there are some key differences: + +**Retail investors own the float. Institutional and insider ownership have been squeezing them for much longer than January of 2021, starting as early as last year’s annual meeting with share recalls. RC’s 9 mil stake purchase in 2020 put even more pressure on shorts.** + +* Insiders & Institutions own > 100% of the outstanding shares, even evidenced on the Gamestop website itself. + * [https://news.gamestop.com/stock-information/institutional-ownership](https://news.gamestop.com/stock-information/institutional-ownership) +* DISCLAIMER: This post is highly speculative in nature. The only people who can know how much of the float is owned by retail investors are the ones on the short side of this bet who know their own positions. + * [https://www.reddit.com/r/GME/comments/m6vbay/etoro\_has\_20mil\_users\_905\_of\_them\_is\_invested\_in/](https://www.reddit.com/r/GME/comments/m6vbay/etoro_has_20mil_users_905_of_them_is_invested_in/) +* The post above indicates that roughly 2 million Etoro users have bought GME. Across other major US retail-oriented brokerages, similar rates of retail ownership could be estimated with high user counts. The average number of shares per user can be speculated to be 5/user, 10/user, 20/user, and beyond in order to estimate the SI%. It is purely speculative though, but for example, if 10 million Americans own GME and the average shareholder has 20 shares, that is 200 million shares, or nearly 3x the outstanding shares, NOT including institutions or insiders. +* Users on Fidelity are placing >75% ratio of buying to selling orders. This signals extremely bullish retail sentiment. (Important: these ratios do not indicate the quantity of buy/sell orders, but this ratio has remained consistently very high). + * [https://www.reddit.com/r/wallstreetbets/comments/lajjs2/almost\_75\_of\_all\_retail\_gme\_orders\_were\_to\_buy/](https://www.reddit.com/r/wallstreetbets/comments/lajjs2/almost_75_of_all_retail_gme_orders_were_to_buy/) + * [https://www.reddit.com/r/GME/comments/msyhlq/fidelity\_users\_purchased\_about\_61\_million\_more/](https://www.reddit.com/r/GME/comments/msyhlq/fidelity_users_purchased_about_61_million_more/) + +# Remember the VW squeeze info? + +* VW squeezed to become the most valuable company for one day on only 13% short interest. This was largely achievable because about 100% of the float was being held by companies and institutions long on VW, drying up the market liquidity, making it extremely difficult for shorts to cover and pumping the stock to infinity and beyond. +* We’re in a similar situation with Gamestop at institutional ownership exceeding 140%, not including retail ownership, ETFs shorting, or other maneuvers market makers/hedge funds have used to hide their positions. +* So the float is overwhelmingly held by passive funds and insiders who are **RESTRICTED** as to when they can trade shares... Sounds like a nightmare liquidity situation for shorts who could owe hundreds of millions of naked shares. Even with absolutely massive retail panic selling, the amount of GME float choked by institutions and insiders alone could drive an extremely powerful squeeze far greater than the VW squeeze, with SI% being at unfathomable, systemically questionable levels that compromise the stability of US markets as a whole. +* The thing is, retail investors like the stock. They REALLY like the stock. They don’t want to sell either. +* **So the short interest is likely greater than 300-500% (based on institutional ownership knowns, retail ownership estimates, missing FTDs, ITM options hiding of SI%) and nobody is selling. What could possibly go wrong?** + +# Now that we know our rocket is primed let’s outline the potential catalysts for liftoff + +* As mentioned before, now that Gamestop has paid off its junk bonds, it can now issue a **dividend.** And likely a crypto dividend. This is really, *really* bullish news and gone over in greater depth in dividend section. +* The DTCC (Depository Trust & Clearing Corporation) is a $60 trillion dollar company that settles almost every security transaction in the United States. "DTCC is a holding company of DTC, FICC and NSCC...**DTCC common shareholders include approximately 362 banks, broker-dealers, mutual funds and other companies in the financial services industry participating in one or more of DTCC’s clearing agency subsidiaries, including NSCC.”** – US treasury gov website. +* Why does the DTCC matter? **The DTCC has passed several regulations in the recent couple of months that when acted upon at any time, could trigger a squeeze.** And unlike the SEC, the DTCC has incentive to enforce these rules because when Citadel and other hedge funds implode from their reckless activity, the DTCC will be left holding the bag. They want to reduce the weight of it if possible. +* **Share recall for the annual meeting.** This particular catalyst is imminent, as the deadline to recall looms closer. For shareholders to vote in the annual meeting, they must recall their shares from the players who are borrowing them to short sell. +* Any positive news: “RC is the new CEO!” “DFV just went all in!” “Gamestop announces new crypto coin dividend!” + +# Crypto Dividend + +https://preview.redd.it/lsbhojusvut61.png?width=958&format=png&auto=webp&s=b9051487f46875c8b372559d28ba902d2595a901 + +* [https://www.reddit.com/r/GME/comments/mqbu5a/gme\_possible\_overstock\_20\_overstock\_issued/](https://www.reddit.com/r/GME/comments/mqbu5a/gme_possible_overstock_20_overstock_issued/) +* How does a share dividend work? Shareholders get paid the dividend, whether its $1 per share $5 per share. **But shorts do not receive a dividend, in fact they have to PAY the dividend per share**. And since shorts have sold potentially hundreds of millions of shares, they’ll have to pay dividends on all of those holdings. +* Overstock was being abusively shorted and the CEO issued a crypto dividend. The stock hovered in the $3 range in March of 2020, only to squeeze to $128 later that year after issuing a crypto dividend. +* In the words of u/Stupiddum: "Overstock didnt just issue *any* dividend the issued a fucking **CryptoDividend** By doing this they FORCED a share cover... In a normal dividend they can just credit the amount to the account boom\* bam\* done.. with a cryptodividend they reside in the blockchain.. and the only way to receive said dividend is to have that physical share. " +* Crypto Dividend signals company strength, acknowledges the shorts, increases the stock price, and forces shorts to cover unlike a cash dividend. The coin would increase sales and company growth, increasing the brand value of Gamestop as a ‘tech stock.’ Any shares that are not being held by the lender will have to be returned in order to cash out on the dividend. Many if not most of GME’s shares are being lent out and will have to be repurchased in order for the stock owners to receive their dividend. + +# DTCC Rules for Dummies + +* All credit goes to u/Antioch_Orontes read this DD if you want an ELIAPE explanation for all of the recent DTC, NSCC, and OCC filings. +* [https://www.reddit.com/r/Superstonk/comments/msh5mt/a\_brief\_overview\_of\_recent\_filings\_from\_the\_dtc/](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/) +* The amount of rules that pertain to the market loopholes we’re witnessing hedge funds use to manipulate $GME shows that the DTCC is well-aware of the mess looming around the corner. They want to shrink the bag they’ll be holding when Citadel goes under. + +# Ok so GME is a ticking time bomb waiting to blow up... what are the broader market implications of a squeeze? + +I’m so glad you asked! + +# The Everything Short – by u/atobitt + +* Nothing I can write here will truly replace a full reading of this post. It covers the systemic risk that Citadel and other institutions have imposed on U.S. markets via abusive short selling U.S. treasury securities. I’ve included u/atobitt’s key parts for condensed reading but the full post is a worthy read. +* [https://www.reddit.com/r/GME/comments/mgucv2/the\_everything\_short/](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +* I'm sure most dedicated APES have read The Everything Short DD, but if you haven't I would say it is the single most important DD to read on this sub. I have personally read it 3-4 times and there are some components that go over my head but essentially: + * Citadel has abusively shorted the U.S. treasuries market to oblivion the same way they've shorted stocks. They use the repo market as a money printer, but now liquidity is drying up and now they're desperate to buy bonds, with a major squeeze signaled in the U.S. Treasury market to come. + +# Jerome Powell’s Recent 60 Minutes Interview + +* [https://www.youtube.com/watch?v=FOm1JM-yxNU](https://www.youtube.com/watch?v=FOm1JM-yxNU) + +Watch this 2 and a half minute video until the end. Notice JP’s body language change for the last question and listen to his careful word choice. + +The interviewer asks questions about what happened to Archegos and the affected institutions that lost big. Could an event like this happen again? Hmmmm... + +# New SEC Rule coincides with record-shattering bond selling + +&#x200B; + +https://preview.redd.it/b6rnd3ynxut61.png?width=2130&format=png&auto=webp&s=ada60ae1e755af8be2757417a54dd68304c5ae03 + +&#x200B; + +[ ](https://preview.redd.it/69acnknoxut61.png?width=1156&format=png&auto=webp&s=890d6e84b11af65e84e693d963fb7832e3eac132) + +* On April 15th, news broke that JPMorgan sold $13bil in bonds to break records and only the next day does BOFA come in and shatter that record with $15bil bond deal. +* All of this coincides with a new sec ruling: + * [https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm\_medium=email&utm\_source=govdelivery](https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery) +* “SEC rolling out the hits today - Brokers that lend out a customers shares must ensure they have enough capital to cover the customers shares” + * [https://www.reddit.com/r/Superstonk/comments/msaqew/sec\_rolling\_out\_the\_hits\_today\_brokers\_that\_lend/](https://www.reddit.com/r/Superstonk/comments/msaqew/sec_rolling_out_the_hits_today_brokers_that_lend/) +* **This rule is to be implemented on 4/22/21. This means lenders have until this date to secure additional capital or else risk being margin called and liquidated**, triggering a chain reaction that could lead to wide-spread institutional collapse. +* If shorts do not have the capital to cover their positions, they must either raise capital or close out of some of these positions, but they can’t close out of these positions without the security prices spiraling out of their control. Game over. +* Wow... the SEC is actually cracking down on these guys? Yes that’s thanks to **Gary Gensler, recently appointed chairman of the SEC. About him: “Progressives expect him to look into digital currencies, the GameStop trading mania and how corporate America prioritizes environmental, social and governance issues.”** + * [**https://www.cnbc.com/2021/04/14/gary-gensler-confirmed-to-lead-the-sec.html**](https://www.cnbc.com/2021/04/14/gary-gensler-confirmed-to-lead-the-sec.html) + +# What’s going to happen to our economy? What about my life savings and 401k? + +# I just read The Everything Short and I’m terrified to say the least. + +Me too. + +There will be collateral damage. It’s important to not twist the narrative when the house of cards falls. It was rampant greed and the reckless abuse of short-selling by major institutions that have imposed high risk on U.S. markets, not retail investors. + +My biggest hope is that our populace will become more educated about markets as a result and that increased market transparency via new technology and increased regulation efforts will guide us toward a fairer economy after the inevitable occurs. + +In the meantime: can’t stop. Won’t stop. Gamestop. +Top result: https://i.imgur.com/vA9HABn.jpg +bottom result: https://i.imgur.com/yi5qbO7.jpg + +Forgive me my ignorance, I'm a first time driver starting late at 27... + +I'm getting quotes on a first car via compare the market. It shows the cheapest at the top, but then way down the list I am seeing costs of 4-5X the price! + +Why is this and what makes this cover different/better? should I stay away from that top, cheaper option? I'm not even sure if 1.5k is a 'normal' price to pay for a new driver in an auto 1.8l car, though I understand there are many more factors to take into consideration. Is 1st central plus a good provider, or are they filthy cowboys? +UPDATE: I called the dental office on my lunch break. I explained that I received my EOB and noticed I should have just paid my deductible of $50 and nothing more. The office manager looked up my account and agreed. I asked what happens now? And she told me I would have a credit for the next time I came in. I explained my preventative and basic procedures are all covered 100% so I would rather have a refund. She said she was not sure if that was possible. I said I paid with my FSA and did not want to get in trouble with the IRS since only $50 is a covered charge. She agreed and said she would call me back. She just called me back and asked if they could just refund the $80 to my card and run it again for $50. I agreed so it was settled. I have decided not to pursue this further and have learned not to make advanced payments that I don't agree with (in various situations too!) + +Thanks everyone for your helpful advice! + +&#x200B; + +OP: + +So this dentist I go to has this practice where they have you pay your estimated portion for services rendered while they bill the insurance company. I only just got dental insurance this year so I used to pay in full previously and didn't have any issues. + +Recently I went for a filling and they charged me $80, even though my deductible is $50 and that is all I should have paid. They say they only do credits, not refunds and they wouldn't know how much I should really have to pay until they bill my insurance company. I have asked others that go to this dentist and they do this same practice all of the time. + +&#x200B; + +This seems shady to me, if someone has healthy teeth and only needs preventative care why would they need a "credit" at their dentist office? I believe it is to pressure you to buy their overpriced toothpaste so you don't "lose" your money. I think they need to refund us or not overcharge us to begin with. Is this normal practice? + +&#x200B; + +&#x200B; + +Edit: To be clear, I understand they may not know the exact charge at time of service. However, if it turns out I paid too much I believe a refund should be an option and they are saying they ONLY do credits, no refunds whatsoever. + +&#x200B; + +Edit again: I am in FL, USA + +Edit with EOB: Since so many people think I am guessing at what I owe here is a picture of my explanation of benefits for the service in question. + +&#x200B; + +[https://imgur.com/Y8urKXY](https://imgur.com/Y8urKXY) +Guten Morgen to this global band of Apes! 👋🦍 + +Reverse repo utilization crested 2 trillion USD yesterday. It has been relatively flat for the past few months, but often starts to increase just ahead of the close of a banking quarter as firms move money out of investments that they would prefer to not have on their quarterly reports. However, this quarter is still over a month away, so I am very curious as to what need is driving the counterparties to need high-quality collateral at such a large scale. I don't see a direct line connecting RRP utilization to the crimes of the SHFs who owe an impossible number of shares, but it is definitely a signal that gives me a bit of a tingly feeling, such as just before lightning strikes. + +And lightning is in the forecast. GameStop announced that they'll be announcing Q1 results after close on June 1, the day before the annual meeting of shareholders. I have a great feeling about the numbers that GameStop will post, demonstrating strength when other retailers are flagging. Then, at the annual meeting, they will announce that shareholders have voted 'for' GameStop to be able to issue up to 1 billion shares, for the purpose of issuing a stock dividend. As we proceed through these final days between now and then, let's celebrate the official launch of the GameStop Wallet and all of the amazing things to come from GameStop as they build their NFT marketplace. + +Today is Tuesday, May 24th, 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: **$93.30 / 87,53 €** *(volume: 4605)* +- 🟩 115 minutes in: $93.15 / 87,39 € *(volume: 4585)* +- 🟥 110 minutes in: $93.11 / 87,35 € *(volume: 4581)* +- 🟥 105 minutes in: $93.11 / 87,36 € *(volume: 4565)* +- 🟥 100 minutes in: $93.29 / 87,52 € *(volume: 4539)* +- 🟩 95 minutes in: $93.42 / 87,65 € *(volume: 4533)* +- 🟩 90 minutes in: $93.31 / 87,54 € *(volume: 4527)* +- 🟥 85 minutes in: $93.13 / 87,37 € *(volume: 4501)* +- 🟩 80 minutes in: $93.34 / 87,56 € *(volume: 4383)* +- 🟩 75 minutes in: $93.31 / 87,54 € *(volume: 4364)* +- 🟥 70 minutes in: $93.23 / 87,46 € *(volume: 4298)* +- 🟥 65 minutes in: $93.42 / 87,65 € *(volume: 4286)* +- 🟩 60 minutes in: $93.60 / 87,81 € *(volume: 4267)* +- 🟩 55 minutes in: $93.54 / 87,76 € *(volume: 4196)* +- 🟩 50 minutes in: $93.40 / 87,63 € *(volume: 4071)* +- 🟩 45 minutes in: $93.09 / 87,33 € *(volume: 3447)* +- 🟥 40 minutes in: $92.88 / 87,14 € *(volume: 3309)* +- 🟥 35 minutes in: $93.54 / 87,75 € *(volume: 2180)* +- 🟥 30 minutes in: $93.62 / 87,83 € *(volume: 1763)* +- 🟥 25 minutes in: $93.67 / 87,88 € *(volume: 1725)* +- 🟥 20 minutes in: $94.06 / 88,25 € *(volume: 1028)* +- 🟥 15 minutes in: $94.09 / 88,27 € *(volume: 1022)* +- 🟥 10 minutes in: $94.14 / 88,32 € *(volume: 1012)* +- 🟩 5 minutes in: $94.20 / 88,38 € *(volume: 410)* +- 🟥 0 minutes in: $93.90 / 88,09 € *(volume: 29)* +- 🟩 US close price: $96.13 / 90,19 € *($95.50 / 89,60 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0659. 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! +Guten Morgen to this global band of Apes! 👋🦍 + +Reverse repo utilization crested 2 trillion USD yesterday. It has been relatively flat for the past few months, but often starts to increase just ahead of the close of a banking quarter as firms move money out of investments that they would prefer to not have on their quarterly reports. However, this quarter is still over a month away, so I am very curious as to what need is driving the counterparties to need high-quality collateral at such a large scale. I don't see a direct line connecting RRP utilization to the crimes of the SHFs who owe an impossible number of shares, but it is definitely a signal that gives me a bit of a tingly feeling, such as just before lightning strikes. + +And lightning is in the forecast. GameStop announced that they'll be announcing Q1 results after close on June 1, the day before the annual meeting of shareholders. I have a great feeling about the numbers that GameStop will post, demonstrating strength when other retailers are flagging. Then, at the annual meeting, they will announce that shareholders have voted 'for' GameStop to be able to issue up to 1 billion shares, for the purpose of issuing a stock dividend. As we proceed through these final days between now and then, let's celebrate the official launch of the GameStop Wallet and all of the amazing things to come from GameStop as they build their NFT marketplace. + +Today is Tuesday, May 24th, 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: **$93.30 / 87,53 €** *(volume: 4605)* +- 🟩 115 minutes in: $93.15 / 87,39 € *(volume: 4585)* +- 🟥 110 minutes in: $93.11 / 87,35 € *(volume: 4581)* +- 🟥 105 minutes in: $93.11 / 87,36 € *(volume: 4565)* +- 🟥 100 minutes in: $93.29 / 87,52 € *(volume: 4539)* +- 🟩 95 minutes in: $93.42 / 87,65 € *(volume: 4533)* +- 🟩 90 minutes in: $93.31 / 87,54 € *(volume: 4527)* +- 🟥 85 minutes in: $93.13 / 87,37 € *(volume: 4501)* +- 🟩 80 minutes in: $93.34 / 87,56 € *(volume: 4383)* +- 🟩 75 minutes in: $93.31 / 87,54 € *(volume: 4364)* +- 🟥 70 minutes in: $93.23 / 87,46 € *(volume: 4298)* +- 🟥 65 minutes in: $93.42 / 87,65 € *(volume: 4286)* +- 🟩 60 minutes in: $93.60 / 87,81 € *(volume: 4267)* +- 🟩 55 minutes in: $93.54 / 87,76 € *(volume: 4196)* +- 🟩 50 minutes in: $93.40 / 87,63 € *(volume: 4071)* +- 🟩 45 minutes in: $93.09 / 87,33 € *(volume: 3447)* +- 🟥 40 minutes in: $92.88 / 87,14 € *(volume: 3309)* +- 🟥 35 minutes in: $93.54 / 87,75 € *(volume: 2180)* +- 🟥 30 minutes in: $93.62 / 87,83 € *(volume: 1763)* +- 🟥 25 minutes in: $93.67 / 87,88 € *(volume: 1725)* +- 🟥 20 minutes in: $94.06 / 88,25 € *(volume: 1028)* +- 🟥 15 minutes in: $94.09 / 88,27 € *(volume: 1022)* +- 🟥 10 minutes in: $94.14 / 88,32 € *(volume: 1012)* +- 🟩 5 minutes in: $94.20 / 88,38 € *(volume: 410)* +- 🟥 0 minutes in: $93.90 / 88,09 € *(volume: 29)* +- 🟩 US close price: $96.13 / 90,19 € *($95.50 / 89,60 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0659. 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! +My girlfriend found a house listed on Craigslist for $800/mo, 3 bedroom 2 bathroom 1,200 square foot house with a fireplace and big backyard. So she sends them an email and the guy replies later, saying that the realtor he was working with had screwed him over (somehow) and now he has taken the keys from them and he is gonna handle all of it himself. He said he was trying to sell the property but his job had him move to another state (California) and at this point he just wants someone to take care of the property for the 3 years that he will be gone. + +So, after some emails back and forth he sends us the applications which were basically written up himself on Word. What I found strange was that we did NOT provide any sort of personal identification aside from references/place of work/past rental history. So I assume there was no credit check. We send the applications back and he says they were approved and that he must handwrite the lease so it might take a few days to get it all typed up. + +So he's asking for $800/month, and $800 deposit. I've looked and the house is listed for sale on various realtor websites too. He encouraged us to go look at the house and look in the windows, look at the neighborhood, etc. He said once we sign the lease and pay that he will overnight the keys via FedEx and give us the receipt when he ships it out. + + +This is a very much "too good to be true" situation. He even mentioned all bills are paid except for trash. What can I do to assure myself that this isn't a scam? Should I call the realtor on the For sale sign outside the property? (He said the sign is still up only because he's out of the state). + +Is this a scam? + +Edit: I've searched the address online and his name does match the "online records" of being the owner. I've only communicates through email at this point. What's got me concerned also is that the Craigslist listing was flagged for removal when I asked my girlfriend about it.. +My normal bank is not Wells Fargo. I recently did some house remodeling (got a couple of windows) on credit through Wells Fargo. The first month my bill was due, I paid it online no problem. + +The second month it was due, I paid the minimum payment online but the next day my debit card was declined. For some reason, the entire amount of the bill was taken out. No problem, I must have accidentally clicked that option. Called Wells Fargo, they reversed it and I thought I was in the clear. + +Next month, same thing. Charged, reversed, late fee. My bank offered to put a stop payment but I decided against it. + +This past Friday, my account was overdrawn again. It hasn't been changed and I'm starting to worry... I called both banks. + +My main bank told me they can dispute it but I need to call Wells Fargo first. + +Two days ago I called Wells Fargo and they told me everything should be resolved Wednesday. It didn't happen. The interesting thing is **the transaction does not show up on Wells Fargo's end but it is completed on my bank's end.** + +I don't know what to do. + +Edit: Spoke with my bank and Wells Fargo again today after posting and was told by Wells Fargo that they have flagged my account to reverse the payment once it's returned. My bank told me to fax a copy of my account records to Wells Fargo. That way they can see the payment was accepted and hopefully things will progress much more quickly. This is a fucking pain in the ass, you guys. + +Second and Final edit: WHAT THE FUCK WELLS FARGO!? + +# Final Edit for real: Something I just remembered! The "dispute transaction" button on Wells Fargo's website leads to a page that is "currently unavailable." + +I called back and now they can do a reversal no fucking problem! LPT: Never do your banking with Wells Fargo. +https://www.bloomberg.com/news/features/2018-05-24/small-time-bankers-make-millions-peddling-mortgages-to-the-poor + +> Taylor had recently filed for bankruptcy because of his $25,000 in credit card debt. But he just bought his first home for $120,000 with a zero-down loan from Christian’s company. Monthly debt payments now eat up half his take-home pay. “If he can help me, he can help anyone,” Taylor says. “My credit history was just horrible.” + +> Christian can do this kind of deal because he is, in effect, making the loan on behalf of the federal government through its most important affordable housing program. It’s a sweet deal: He gets his nearly risk-free commission. Taylor puts no money down. If things go south, the government ultimately bears the risk. + +> No one is saying the system is close to another collapse. Yet nonbanks, more loosely regulated than the JPMorgan Chases of the world, are bigger players today than during the last mortgage bubble, according to a Brookings Institution report. They’re making almost half of new loans, compared with 19 percent in 2007. As before, many are companies you’ve never heard of, like American Financial Network, a closely held firm based in Brea, Calif. A few are better-known, such as LoanDepot, Freedom Mortgage, and the industry leader, Quicken Loans, with its ubiquitous Rocket Mortgage television commercials. + +> Nonbank mortgages make up about 80 percent of the loans for borrowers insured by the U.S. government. + +> To protect taxpayers, FHA borrowers are supposed to make small down payments, equal to 3.5 percent of the home’s purchase price. But many FHA borrowers put nothing down at all. + +> In civil fraud complaints, the Department of Justice has accused many companies, including Quicken and Freedom Mortgage, of improperly underwriting FHA loans and then filing claims for government insurance after borrowers defaulted. + +> There are other worrisome signs. Even in a strong economy, recent FHA loans are souring faster than those made years ago when the industry had stricter credit standards, the Mortgage Bankers Association says. About 9 percent are 30 days or more past due, manageable by historical standards and well below the high of 14 percent in 2009. But the FHA itself is concerned that, on average, borrowers are spending 43 percent of their income on debt payments, the highest level in at least two decades. + +> Last year the FHA’s capital reserves barely met the legal minimum the government must set aside for bad loans. + +> If too many loans sour, she says, the FHA could end up financially weakened and unable to extend help during the next downturn. “Borrowers are stretching more,” she says. “We’re concerned about it from a borrower perspective and a taxpayer perspective.” + +> One reason more borrowers may be stretching: Real estate prices are soaring again. Bidding wars are back in many cities. That’s only making it harder for first-time and lower-income borrowers... Homeownership has fallen from its 2004 peak of 69.2 percent to 64.2 percent in the first quarter. Rents are skyrocketing, too, pricing some families out of any shelter at all. +For those that don't know me I run Australia's largest crypto channel. I've been advocated for crypto adoption in Australia since 2012. Today I woke up on Xmas to a strike warning from Youtube for harmful or dangerous content. Checked my email, nothing. A few hours later after Xmas lunch, another strike. I hadn't even done anything on Youtube since the first strike. Still no email. I cover a lot of topics related to finance, economics, housing market, stocks as well as crypto related content. We don't do paid ICO or token promotion. I have done tutorials on leverage trading platforms. I'm really not sure what to do. If the trend continues most crypto youtubers will be affected. I get there's plenty of bad guys out there, but there's plenty of good ones who have been big advocates for Bitcoin & crypto for years. Wish us luck...[https://twitter.com/AlexSaundersAU/status/1210100907909750784](https://twitter.com/AlexSaundersAU/status/1210100907909750784) +Edit: Yes I already post to & support decentralised platforms but the fact is users aren't there yet. + 私たちのコミュニティ犬愛好家へようこそ！ + +Launch Date 21st April 2021 - STILL EARLY! + +🐕 Deflationary + +🐕 Only 5 million marketcap + +🐕 Extremely active and growing community + +🐕 Community owned + +([https://etherscan.io/tx/0x33f074c37ec63d4cc9e58662317f0ab331ac4df7117886a34f4aee97179d33fd](https://etherscan.io/tx/0x33f074c37ec63d4cc9e58662317f0ab331ac4df7117886a34f4aee97179d33fd))🐕 1% Distribution to holders + +✅ Dev tokens burned ([https://etherscan.io/tx/0xaf0a14b0005aa36a15ff2bb8aed7a05b2e3400351539dc8997848c0d30b59555](https://etherscan.io/tx/0xaf0a14b0005aa36a15ff2bb8aed7a05b2e3400351539dc8997848c0d30b59555)) 🔥 + +✅ Liquidity burned ([https://etherscan.io/tx/0x454d6ec5f6e344ce9f9a4e78af9ecdab32d0f258d55e53729660a9d8ec173c42](https://etherscan.io/tx/0x454d6ec5f6e344ce9f9a4e78af9ecdab32d0f258d55e53729660a9d8ec173c42)) to VB 🔥 + +✅ No huge whale wallets ([https://etherscan.io/token/0xc73c167e7a4ba109e4052f70d5466d0c312a344d#balances](https://etherscan.io/token/0xc73c167e7a4ba109e4052f70d5466d0c312a344d#balances)) 🐋 + += RUG IMPOSSIBLE + +Buy on Uniswap: CLICK HERE ([https://app.uniswap.org/#/swap?outputCurrency=0xc73c167e7a4ba109e4052f70d5466d0c312a344d](https://app.uniswap.org/#/swap?outputCurrency=0xc73c167e7a4ba109e4052f70d5466d0c312a344d)) 🦄 + +Telegram: t(dot)me/sanshuinu + +Website: [sanshuinu.finance](https://sanshuinu.finance/) + +Contract: Etherscan + +([https://etherscan.io/token/0xc73c167e7a4ba109e4052f70d5466d0c312a344d](https://etherscan.io/token/0xc73c167e7a4ba109e4052f70d5466d0c312a344d)) + +Chart: Dextools([https://www.dextools.io/app/uniswap/pair-explorer/0xa7ad4ce6c21d9e875f1067cd377256326b483002](https://www.dextools.io/app/uniswap/pair-explorer/0xa7ad4ce6c21d9e875f1067cd377256326b483002)) + +Twitter: Twitter ([https://twitter.com/SanshuToken](https://twitter.com/SanshuToken)) + +Instagram: Instagram + +([https://www.instagram.com/sanshuinu/](https://www.instagram.com/sanshuinu/)) + +Discord: Discord + +([https://discord.gg/sZUn7D4z](https://discord.gg/sZUn7D4z)) + +Contract: 0xc73c167e7a4ba109e4052f70d5466d0c312a344d + +Get in before the coingecko and coinmarketcap listing! Expect an immediate pump from listing any day now! THIS IS STILL A FRACTION OF THE SIZE OF SIMILAR QUALITY PROJECTS - THE BEST WAY TO MOON IS TO GET IN EARLY! +So I just had a meeting with a realtor this last week and it got me FIREd (lol) up about the progress, and delays (thus lessons) I have made since I started this journey in early 2021. + +In 2019 I was making close to $800-900/week working only 30 hours a week. Keep in mind in OK, rent with roommates is around $350-400/Month. On weekends I was regularly covering my monthly rent in just five hours of bartending. + +Keep in mind, I wanted to quit working, but my intentions were not there. I wasn't ready to stop spending money. I had vices. Gambling, drinking, smoking. I think in an entire year earning close to $55k (I also had a part time small business), I only finished the year with $5k in savings. That's pitiful. + +**WHEN I STARTED TO GET SERIOUS** + +So in early 2021 I had gotten back to full time bartending work after a year of the pandemic. I had nearly no money to speak of. While I had unemployment money coming in, I was *very* bad with my spending. Most of it was spent gambling on the stock market. My car got totaled and I had to pay cash on a new car (didn't have a job at the time so no loan) and six months in I had to pay $5000 in repairs. + +But by June of 2021, I was making close to $800-1000/week as I had been in 2019. The difference was I was working nearly 45-50 hours a week to obtain this. This bar just wasn't it. But since my living expenses were only around **$1000/month**, I was still able to clear $2500-3000/month in savings. + +**BUT I WANTED TO MAKE MORE, SO I MADE MORE** + +I am not stranger to math. I know it is important to make as much income as possible to close the gap to financial independence. I am 31 years old, and I do not intend to continue my career as a bartender/server past 40 years old if possible. Every dollar counts. If I can save $60k a year instead of $30k, that's massive. + +I left my prior job of 1.5 years in June after they denied me a raise and business was on a steady decline the last few months. I went from earning around $4000-5000/month to $3000-3500. I knew this was ridiculous because I had a feeling there was potential for me to earn $6000-8000/mo if I was just willing to put the work in. + +I decided to apply for positions in the wealthier parts of town. I make my income from tips, so I need not only consistent volume, but I also need high ticket prices. I got not just one, but two jobs. One for a restaurant that has been around for 12 years, and another that I was part of a grand opening. + +**THE UPS AND DOWNS OF NEW EMPLOYMENT** + +So there has been imperfections in my plan, but after six weeks of making the move, the eggs are beginning to hatch. One job was only giving me 2-4 shifts a week. However, the money is ridiculous. Just working two days a week, I was bringing home 600/week. Which would be around $6000/mo if I was working five shifts a week. I am also told this is the slowest season of the year, and that I should expect to be making more. For reference I am earning $250-500/day in credit card tips. My hourly wage I earn around $60/day, and cash can be $30-100/day. With the ups and downs I would say I take home $350/day after taxes as a good ballpark. For reference at my last job I was taking home $120-150/day. + +My second job is getting better. For two weeks I was making training pay or helping set up the restaurant at $12/hr. But with tips I am only taking $2.13/hr. However, the ticket averages are really good. Dinner shifts I can take home $200-250 in just four hours. But we started lunch this week and it was very demotivating. For example this last thursday I made $35 on lunch, but my other job I made $380 at dinner. Yesterday I worked a double at the new restaurant and made $350 in eight hours. + +So, we are still in a phase of discovery. A bartender at the more lucrative job also got fired for some fucked up shit, so I was given his shifts, bringing me to four a week. The less lucrative job will get better with time. I will be working weekend lunches, one weekday lunch, and sunday brunch. With it being as new as it is, I have been bringing home $400-600/week. I will not be surprised to see that grow to $1000-1500/week depending on my shifts. + +Now, I am making projections of my future income based on a lot of pessimistic outcomes. But with just one job alone I am expecting $1000/week. The second job easily $500/week, so $1500/week total. I could see $2500/week happening once summer wraps up and we draw closer to the holiday season. + +**MY BUDGET BREAKDOWN** + +So I think what makes this all work is living far below your means. I drive a 13 year old car with no payment. I used credit karma to get my insurance very cheap. I work for restaurants so if I am not cooking at home, I can eat a meal at work for less than $10 (very important when I am working 14 hour days), and I avoid drinking and smoking. I also have two roommates in a 3 bedroom house. + +Rent - $333/month + +Utilities - $75-120/month + +Gas - $100/month (I drive eight miles round trip to work) + +Insurance - $18/month (thank you credit karma) + +Phone bill - $112/month + +Food/groceries - $400-500/month. I do eat out a fair bit, but frankly I do not worry about this because most of my socializing/time with family is dining out or eating for convivence of time budgeting. Working 50 hrs/week makes it difficult to cook every meal. And I get food fatigue so meal prepping more than two meals at a time is not ideal for me. Most of my meals are very cheap. I can eat at five local restaurants with 50% discounts thanks to my employers. + +I round up and put my expenses at around $1200/month. So that means in one week of work, I cover my bills and everything after that is profit. + +**HOW I LOOK AT INVESTING VS. SPENDING: A PERSON AS A COMPANY** + +So I try to analyze myself through the mindset of a companies balance sheet. The ideal business has cash on hand to be solvent, but aims to direct cash flow towards pursuits of capital accumulation and appreciation. + +I know that my cash will lose $4 on every $100 per year. I know that *invested* cash will EARN me $13.8 on every $100 per year. If my daily expenses are $40/day and I am earning an average of $250/day (including days off of work), so that leaves $210/day roughly to invest. I can hope to earn about $30-40/day in interest on my income, in theory. But hey, a plan is better than no plan. + +It is important to look at what you are spending in terms of dollars per hour. For example, in a 40 hour work week with 260 working days a year, $2000 takes about $1/hr not including taxes. And further, you can look at it in percentages. If you earn $30/hr, then $1/hr is 3% of your income. I think this can help to effectively micromanage your spending. Start small and extrapolate over a year. If you earned $300/day and you are considering going out for drinks and dinner after work and spend $100, then you effectively spent 33% of your daily wages. That is okay if that $100 is a monthly or bimonthly habit, but *daily* that is a quick path to financial dependence. + +This is how I avoid subscribing to monthly subscriptions. While it can be easy to subscribe to gym memberships, music subscriptions, meal subscriptions, etc. They could total out to be equivalent to $3-5/hr of your labor every day for things that don't serve *you as an individual, but only as a consumer*. + +**WHERE I AM AND WHERE I AM GOING** + +So I do have high hopes for the future. Especially now that I have taken the reigns and found more lucrative employment and nearly doubled my income (and possibly more as the months progress), I have taken more aggressive stances to investment. I only aim to keep 3-5 months of living expenses in cash and any additional is put into broad market index funds. I also have put $18k into a small company that I personally believe will be worth a significant sum in a few years if they deliver on their objectives. + +Currently I am sitting around $23k in net worth. I was delayed the last five weeks while I transitioned employment, and the market was red the last six months. My ETFs recovered 10% to be 5% green (about 10k invested so far) and my small cap (18k invested) lost up to $11k in value at the bottom of this year, and is now $8k in the red. I am not concerned about the long term value. I avoid buying more shares of my small cap which I consider a lottery ticket, but I do make large monthly contributions to my ETFs. I am hoping to have about $40-50k deposited by the end of this year. + +I will be planning to put an offer down for a house come december-march of this year. I hope to avoid withdrawing from my ETFs, but I will aim to get a loan against the cost basis. My first home is going to be a 3 bed room, and I will rent out 2 bed rooms for $500/mo each. Half I will use to pad my savings and the other half will go towards growing my investment accounts. + +My plan by 40 is to have enough in dividends and rent from real estate that I can earn $60k/year which would be more than enough for me to have a comfortable standard of living, not including part time work. + +I have calculated that three rental properties at around (currently) $1200/mo, plus a brokerage account heavily situated in index ETFs with 4% dividend payments a year will do the trick. I am aiming to maintain most of my income in ETFs and leverage 50% of home mortgages in cash. And then using rent checks to go towards paying off the principal. At a rate of savings of $50k/year, I expect I can hit my goal of 3 properties in less than five years, and if being close to full retirement in 15. +Barclays Easy Access Savings Account 5.12% (Max £5000) Existing UK Current Account and Blue Rewards Member Required @ Barclays + +Barclays new Rainy Day Saver For Barclays Blue Rewards members only. + +Pays 5.12% on up to £5000. Unfortunately you have to have a Barclays current account with blue rewards, which charges £5/month but you get back as long as you have two direct debits. + +Only available to Barclays Blue Rewards * members +5% gross/5.12% AER on balances up to £5,000 +0.15% gross/AER on balances over £5,000 +Access and manage your savings using our app, Online Banking, by phone or in a branch + +To join and stay eligible for Barclays Blue Rewards, you’ll need to pay at least £800 into your chosen current account every month and pay the monthly fee from that account. If you’d like to know more about Barclays Blue Rewards terms and conditions, the monthly fee and what you have to do to earn Barclays Blue Rewards, please visit barclays.co.uk/bluerewards * +&nbsp; + +I've followed the debate closely as I'm genuinely interested in how this plays out. Ethereum is fascinating to say the least. + +Anyways, about the fork debate, and especially hardfork debate. I keep seeing the same arguments repeated over and over again and I don't know what you guys eat, but my diet consists of a good portion of rational, sprinkled with some logical, and shugged down with some good ol reasonable. + +&nbsp; + +So about the arguments + +&nbsp; + +**1.** "*Should we also hardfork every time someone gets scammed or an exchange gets hacked?*" + +When I see this, I feel like (and I'm sry to say it) but like I'm talking to a child, or someone who goes 0-100 real quick, on any issue. I mean, of course not. A hardfork or any type of fork only happens when the majority of miners agree that it's necessary for whatever reason they may have. Is that so hard to understand? :/ It's like the "debate" sometimes lives inside of an SNL sketch. + +If you genuinely wonder if there will be a hardfork every time someone gets scammed I encourage you to send me all your Ether to the address below and I "guarantee" that I will send it back to you with a bonus. It's a win-win right. Because either you earn some Ether, or you can just ask "Ethereum" to hardfork for you. What could go wrong. + +0x79d4D3E63753E5c56d5E967db12FEb276B036332 + +&nbsp; + +**2.** The second argument I keep seeing is that it "*Opens a can of worms*" and that "*The government can then push a hardfork*" + +On one side of the coin, I see their mindset, they're coming from Btc land, being molded over time and eventually being self-identified with this rouge, anti-government crypto anarchist who above everything else have protect the 3 commandments of crypto, the first apparently being "You shall not hardfork", the second being "You shall never speak in favor of hardfork" and the third, (RIP) "There shall only be one crypto" + +The fact is that regardless if Ethereum forks now or not, a fork can happen at any time for any reason if the miners collectively agree to do so. So what really changes? + +Please enlighten me, make an example, write a hypothetical scenario in which some organization or government institution shows up on VB's door demanding a hardfork, for any legitimate reason you can think of. Please tell me how that is so much more likely to be accomplished given the fact that one time back in 2016 we hardforked a chilDAO which contained some stolen Ether. + +If the government one day demands that Ethereum hardforks, then first of all we are all rich, but second of all, they would demand that regardless of the 2016 fork or not and their argument and means to enforce such a fork would minisculely if anything at all be helped by the fact that the community forked way back. + +I mean realistically their only way to forcefully push a hardfork would be to threaten legal action towards miners with the help of several countries in which those mining farms were located. And to be fair in this scenario, I have a feeling the miners would agree to a hardfork regardless bc clearly some serious shit went down. + +&nbsp; + +**3.** The third argument plays into the same in a way being that "*Ethereum contracts are then not immutable after all*" + +Which again is such an absolutist thing to say. The fact is that the likelyhood of any particular contract to be rolled back or altered is stupidly low, regardless if we hardfork now or not, so much so that I would argue the network is way more likely to fail for whatever reason than your stupid contract or addr to be hardforked. And if you ever find yourself in a situation where your contract or addr got forked, then gratz on getting ur hands on the nuke codes, well played. +Source: https://twitter.com/AmichaiStein1/status/808407221616918528 + +and Trump's tweet: https://twitter.com/realDonaldTrump/status/808301935728230404 + +Does anyone here have access to the kind of data that could prove or disprove that someone sold a significant amount of shares before Trump's tweet? +The trillion dollar question at the moment is: + +*Will the government step in to stop this?* + +----------------------------------- + +There is only one scenario where that would happen, because if they step in, there's no going back, democracy is dead, and they know that, so they'll only ever do it as a last resort. When the country will be destroyed if they don't. I repeat, **when the US is in legitimate danger, that's when the government will step in. Hedgies are doing it on purpose.** + +So that's what I think hedgies are trying to do. They're all in, there's no going back, and they're shifting the responsibility from themselves onto the government. + +If this carries on, then the entire global market will tank, (a la, the everything short) and the ramifications of that are far far worse than if America loses its democracy. Look at China and Russia, it's not ideal - but it can be done, people can survive without democracy. Besides, if democracy does go out the window, it won't matter to the hedgies because humans are plutocratic by nature. + +And that makes this incredibly serious, if we keep going in and in and in and in, then the stakes go higher and higher, and eventually the whole world is going to be at risk. + +**Now this might be construed as FUD**, but it's not, I'm simply trying to come up reason as to why hedgies are doing what they are. **I REPEAT, THIS IS NOT FUD** + +It doesn't change the fact that **ALL WE NEED TO DO IS BUY AND HOLD** because frankly, if the squeeze doesn't happen, the world is fucked anyway. So we are either going to win, or the world is fucked. There's no other way around it. Any sane person on the planet right now should have every penny they have in GME, because if they lose, their money will be worthless anyway. So it makes no difference. + +**That makes me hate hedgies more!** Because rather than lose, they're willing to put the longevity of our entire species at risk, which is beyond psychopathic in my opinion. It's completely insane. But that's what I think they're trying to do. + +They don't care about the world, they only care about themselves, and I assume they are trying to fuck the entire planet just so they can keep their money. + +**The floor is $50 million.** + +This isn't a joke anymore. This is real. + +*As an aside: you really need to consider how you will impact the world with your millions. Because you'll have them, along with a fuck ton of responsibility. It's upto us to shape the world into a better place after this.* +https://preview.redd.it/g8ujay55ikk91.png?width=747&format=png&auto=webp&s=97684fc57be2fb4bb3cc93e92dd6978798840348 + +The project is Ragnarok Meta. They launched the NFT minting in April and got $15,500,000 as treasury. + +Since then the project update has been slow. They regularly update their twitter, but practically showing nothing. + +In 27th August, the founder comes clean with how much money spent. He wrote: + +https://preview.redd.it/zurnc1toikk91.png?width=976&format=png&auto=webp&s=cd553b5531ea563aad197f6ef59795d7c294441c + +Basically here's the breakdown: + +* 1.8M loss in trading crypto +* 1.9M to pay outsource developer. Yeah they outsource all the development work. +* **6.9M for salary and compensation**. They intentionally spread it to not look big, but "core member", "founder", and "co-founder" include the same few people. +* 423k to buy back their NFT. + +So within 4 months, they are taking 6.9M into their own pocket. That while only delivering JPEG NFT and some concept graphic. + +If you wonder how they lost 1.8M, this is from the blog post: + +https://preview.redd.it/c8fdygaakkk91.png?width=975&format=png&auto=webp&s=9f5751d2b1224e5218dc5f95dd6feca6b1f25dad + +He also mentioned he will reimburse the treasury for trading losses. But he already took way more as salary anyway: + +https://preview.redd.it/zjchhv9qkkk91.png?width=933&format=png&auto=webp&s=050030c6418001f9d69e94d8323f50e9d4c649b4 + +And crypto detective Zachxbt already on alert, he replied this to the founder (Fanfaron) tweet: + +https://preview.redd.it/lroc3xeklkk91.png?width=723&format=png&auto=webp&s=c774caf0eb8f9673bf33881be7711845c3980958 + +Some of the reply said it the best: + +https://preview.redd.it/o7nm9hgamkk91.png?width=745&format=png&auto=webp&s=ea98876cb8352d4a6f1032785a5ed01a67979511 +Over the years, I’ve learned that maybe the best decision you can make is to simply invest long-term. Continue to add to your positions through DCA methods and invest larger sums when there are pullbacks or dips. “Timing the market” is absolutely the worst thing you can do because you will lose. Nobody can time the market.. you may get lucky once in a while, but 9 times out of 10 you will lose, especially when you factor in capital gains tax. Avoid the tax man by buying and HODLing! It’s as simple as that. This is a long-term play. Zoom out to see what I’m talking about. + +Godspeed fellow investors, see you at the moon 🚀 + +**EDIT 1: There have been a lot of great points brought up. Ideally, your holdings would be largely comprised of ETH/BTC. Hodl legitimate projects** +I am sort of new to forex, although have spent months learning the market/patterns etc. Have been practice trading on different pairs, but have liked USDJPY the most so lately I have focused on USDJPY. Was wondering if you all have had any tips on making a trading strategy? I have primarily just been using support/resistance and breakouts, but not sure where to start for a strategy. + +Edit: Wasn’t expecting so many replies so not able to respond to each one, but thank you all for helping me out !!! Am checking out a lot of the things you all mentioned + +Edit #2: Price action trading seems to be the best suit for me, so i have started learning/researching it more and trying it on different pairs +Dear Readers, + +In order to better live up to /r/economic's mission statement of providing a forum for the debate of news and research regarding the science of economics, we have been tinkering with the automatic delivery of economic news and research via RSS feed. + +To that end, we've launched two bots a few days ago. /u/shares_RSS, is an RSS-fed bot who provides an economic newswire from reuters and fivethirtyeight. /u/central_bank_bot.will furnish working papers from the NBER, CEPS (a European commission think tank), as well as numerous central banks. At the moment, only his central bank feeds from the Bank of Canada and the National Bank of Belgium are activated. This is primarily because /u/central_bank_bot recieved numerous feedback asking us to post abstracts rather than PDFs. We're working on it. + +In order to make sure that we get good content, I've been in direct personal contact with the press offices of the Bank of England, and of the German Bundesbank, the latter of whom has promised us to launch their RSS feed in the next few days. + +We delayed making this public announcement for a few days, until such time as the bots we actually operational, lest we end up making promises about content that we couldn't deliver upon. Indeed the two bots had a rather buggy start-off. + +Thus far, we see that the Reuters news and the Fivethirtyeight's economic analysis has provoked lively debate on the relevant policy issues within /r/economics (which is what we wanted). + +So, without further ado, I would like to open the floor for comments. concerns, and questions about how we may better deliver relevant and discussion-provoking economic content. We are open to suggestions about how we can make /r/economics relevant and informative for those interested in the dismal science. + +Yours sincerely + +the /r/economics mods + +**EDIT**: The [German Bundesbank](http://www.reddit.com/r/Economics/comments/262ghz/rss_update_german_bundesbank/) delivered. +I know very little about economics - how banking works etc. I watched the film ['Money As Debt'](http://video.google.com/videoplay?docid=-2550156453790090544#) today and although the conspiracy-theory feel of it took away from it's authenticity, I was startled to learn the basics of fractional reserve banking. + +Would anybody who knows more than me be kind enough to summarise why fractional-reserve won't cause the end of the world? + +Every mainstream article I've found so far is a bit beyond me - the simplicity of the video really helped my understanding. Are there any similarly easy-to-understand videos or articles that don't try to convince me that the world is controlled by some evil bankers and is going to explode at any minute? + +Thanks +Hello investors of reddit. + +I know in today’s market we are seeing companies breaking their all time price records day in and day out, companies being traded at p/e and p/b ratios that would give Benjamin graham and warren Buffett heart attacks. But I will still ask our community. + +Which companies do you think are the most overvalued and why? Please take into consideration future growth as well as financial metrics. +I learned about stocks in the end of 2018 and did not know what I was doing and apparently it was a bear market. I was losing money everyday and I would sell and go to a another stock and would sell that at a loss and move on to the next. I remember putting everything on FDX before earnings and they missed by 0.01 or some shit like that. And it took 20% of my account with it (Leveraged) + +I didn't know what investing vs trading is and started learning all that. + +I started investing since then and left trading alone. + +I started watching all the trading YouTube videos and read trading in the zone and thought I'm ready let's make it all back. + +I started late of 2020 before the coof and did well in the pandemic like most people. Comes march of 2021 and I started the decline. I lost half of what I made in 2 days. + +I decided to take the rest of the money and just leave 5k in that account and trade with that. These 5K went to 10k then are now $250 in a matter of days too lol I got no one to talk to about this and it's definitely a small loss compared to the screenshots we all see but it's destroying me emotionally and mentally. I've put a lot of time in this and put in the screen time and studied the charts and found an edge that worked but that same edge made me blow up because I thought it would still work. + +I just got no one to talk to about this and no one would understand. I love it and I do it for the love of it and I'm not chasing a pnl but seeing me blow up my account in 2 days screams emotions and no risk management. I know what I do wrong and I can't control it. I'm not really looking for advice as much as I'm looking for someone who understands and maybe might have been through this. +I would just like to know what's going on from someone in the knowledge here. Do we have any clear answers when upgrades will come? + +FFG Casper Hybrid I thought was next later this year, now I am watching CNBC with conflicting info. + +Many of us have been waiting for a very long time for these scaling upgrades. This concerns me but exciting at the same time if they get released in a timely manner. 1-2 or more years is unacceptable. I hope we are not heading down that road. Better to launch in stages the upgrades. + +Thank You. +Mcafee drama : +https://twitter.com/XVGWhale/status/947163696656154625 +https://www.reddit.com/r/vergecurrency/comments/7n2xyv/john_mcafee_asked_for_11_million_to_support_verge/ + +insane !! + +From the most hyped project to shit coin royalty. + +ICO Token Price: 1 GEM = $0.0750 USD + +They sold 2 billion tokens and kept 6 billion (Kept 75%!) + +$.0750 x 2,000,000,000 = Raised $150 million! + +Gems is down 98.21% in $USD valuation! + +In ETH, ICO was 0.000072, currently it's 0.00000825. Down 91.27% in ETH! + +Never released officially what they made in the ICO, rumor they couldn't sell it all and kept the rest of their tokens so they have even more than 75% and never burned the rest! + +When is the SEC going to get involved and shut this project down and send their team to jail for securities fraud? + +Fun fact: if you put in $1 million in the ICO it is now worth $17,900 + +Didn't know Harvard produced so many scammers! + +They censor you and block you on Telegram if you speak out against their Turd Project! +Jeffrey Gundlach, DoubleLine Capital CEO, sits down with CNBC's Scott Wapner at Doubleline Capital HQ in Los Angeles to discuss the 2020 presidential candidates and how he sees the 2020 election playing out. + +[https://www.youtube.com/watch?v=jXF5Ps1gxLI](https://www.youtube.com/watch?v=jXF5Ps1gxLI) +This is my eighth yearly update on my FIRE journey after reaching 100k 7 years ago.  You can read the previous posts below: + +1. [Seven years ago: I hit 100k of invested assets](https://www.reddit.com/r/financialindependence/comments/261kp3/major_personal_milestone_achieved_this_week/) +2. [Six years ago: I posted my first update](https://www.reddit.com/r/financialindependence/comments/36jg7u/one_year_after_100k_update/) +3. [Five years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/4jt2d2/two_years_after_100k_update_2/) +4. [Four years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/6bjp0r/three_years_after_100k_update_3/) +5. [Three years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/8igab5/four_years_after_100k_update_4/) +6. [Two years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/bqebbw/five_years_after_100k_update_5/) +7. [Last Year: I posted another update](https://www.reddit.com/r/financialindependence/comments/gqz4fo/six_years_after_100k_update_6/) + +**------This Year's Stats-----** + +37, Married, childfree, petfree, lowcar + +[Mint Snapshot and Net Worth History](https://imgur.com/a/EQSQo9H) + +**Total Net Worth** = $1.04M. + +**FI Goal** = $1.1M + a paid off mortgage.  + +**Debts** =  361k mortgage at 2.500%, monthly expenses on credit cards paid in full monthly. + +**Income** = SO's income (\~140k/yr) + Airbnb (\~16k/yr).  + +**Expenses** =  Average $5.1k/month over the last 12 months.   + +&#x200B; + +\-----**Other Details-----** + +* The last year was a weird one for us. On paper our lives were not that affected by the pandemic and civil unrest but mentally there's been a heavy toll. We were able to both continue working from home and neither of us contracted COVID-19 as far as we know. We're now both vaxed. Our income stayed intact, our portfolio grew in value (or dollars shrank in value), but the little things really started to add up a few months ago. Thank goodness spring and sunlight came and is helping to mitigate some of the sedimentary layers of stress. +* Last year I said one of three things would happen with my startup: + +1. The startup sputters out and the equity I bought returns nothing. +2. The startup slowly climbs to profitability. and I'll be very personally/emotionally invested so it will probably be hard to leave despite not being worthwhile. +3. The start up has a hot streak. + +* So far, it's been #2. I still don't take a salary but we have some sustaining "profitable" (again without a salary) projects. I'm in the middle of pivoting the business model right now. It may shrink to a side-gig, or become a cheaper "self-service" style SaaS that can be kept on life-support more easily. We did not get any aid money because we were not paying ourselves BEFORE the pandemic so there were no salaries to claim as having been lost. The team has shrunk back down to 4 and we went through some painful founder-reshuffling. However, there are still positive signs in the market, I think I've just lost a lot of my enthusiasm and motivation. I'm planning on taking some actual vacation time to to continue getting perspective. +* We've decided to stop the short-term rental of our home. It helped us get into a nice house in a nice area, but our time has become to valuable to spend turning over rooms and we'd like to have our house completely to ourselves. Our two long-term guests worked out very well during the pandemic. We ended up having a lot more community and socializing than many people head during lock-downs and quarantines. +* My SO is continuing to knock it out of the park professionally speaking. They got another large raise around the new year and are being recognized regularly for professional excellence. I'm super proud of them! +* We bought a new (used - 2007)) car and sold our old one (2009). We need a car less and less, so this was more of a fun/just-in-case vehicle. + +&#x200B; + +\-----**Asset Allocation for reference-----** + +* Bonds-----------------------27% (VBILX) +* S&P 500--------------------13% (VFIAX) +* Small Cap US-------------13% (VSIAX) +* Emerging Mrkt----------12% (VEMAX) +* REIT--------------------------12% (VGSLX) +* Global Capital Cycles--10% (VGPMX) +* International Large----13% (VTIAX) + +&#x200B; + +GLTA! +According to the computershared.net estimate, 71.67m is remaining to buy/drs + +It also estimates 193,700 CS accounts + +That means each account needs to buy an additional average of ~370 shares each + +That means at $30/share, it would take an additional $11,100 per account to lock the float + +At $25/share, itd take $9250 per account + +At $20/share, itd take $7400 per account + +At $15/share, itd take $5550 per account + +At $10/share, itd take $3700 per account + +This gives you a picture of how it's very realistic to lock the float in coming months, and how it becomes easier the more they drop the price + + +[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!* +[https://www.cnbc.com/2019/04/04/tesla-q1-2019-production-and-delivery-numbers.html](https://www.cnbc.com/2019/04/04/tesla-q1-2019-production-and-delivery-numbers.html) +My friend has been handed a £5,000 bill to cover the costs of her relative's end of life care. + +She can't pay it. + +Does anyone know what can be done in this situation - like, are there funds available from organisations or the state? + +The council has contributed its share. Her £5,000 bill is the total after that money has been taken off + +Thank you +Hello all! I am currently 17 years old and a senior in high school. I turn 18 next week if that is of any importance. I have no health insurance and I was denied federal financial aid for college because my father (only living parent) has not filed taxes for several years and is also unemployed. I work at a food chain and make $11 an hour with a *mostly* reliable vehicle. My father lives with me and I pay the rent at $650 a month. (Though his name is on the lease) He's not disabled or anything, he just does not do any over the table work. As I approach graduation I have began looking at colleges, though being denied federal financial aid has made the idea fairly daunting. Loans are there of course however I would like to avoid them if possible. I have spoken with the financial aid advisors for a couple schools and the informed me that while my situation is not very fruitful, I would not qualify for a dependency override as my father is still alive. So I am stuck as a dependent who cannot receive any federal help until I turn 24 to my knowledge. I am close to a promotion to make $13 an hour, but my situation otherwise will remain unchanged the next year. + +My current mandatory monthly expenses are: + *Rent - $650 + *Car Insurance - $115 + *Food - $200 + *Gas - 140 + + +In the coming months I would like to acquire health insurance and possibly enroll in a community college (Roughly $3000 a semester) but am at a loss - I can't find room in my budget for both (Or either for that matter.) What are my options? + +***Note, I live in a state that did not expand the medicaid bracket so I make too much money to qualify for medicaid, but too little to receive a reduced premium through Obamacare. + +Edit: Thanks for all the help so far. Looking into taking light hours for my basics while working an extra job might be what I look into. Also I realized I phrased it poorly. I was not 'denied' by FAFSA, I was unable to complete any forms without tax information and finaid.org states 'Even if the guardian does not claim the child as a dependent and if the student displays complete financial independency, this is not sufficient grounds for a dependency override' which is essentially my case. Will also start looking into becoming emancipated. +I was surprised to see in the hobby threads that FatFirer's do not have expensive hobbies for the most part. I thought you guys would be posting about lavish boat voyages, safaris and such. but outside of a few things like getting a pilot's licence there wasn't all that much difference. + +The other upside I can see then is withdrawing at a lower SWR, or more broadly, having a bigger cushion to avoid depleting the savings warchest. I personally do not consider that a big benefit over RegularFire (over leanfire, yes). + +I would like to ask a pointed question then. What do YOU consider the major benefit of FatFire over RegularFire? Obviously most people not selling a company or inheriting a large sum can retire years earlier on RegularFire so I want to know why you have (or will) wait longer. + +Maybe I am approaching this from the wrong angle and the real justification is that the FatFire crowd enjoys their profession. Fire becomes a minor, possibly undesirable goal in some ways. If so that would also be interesting feedback. I still enjoy being a programmer but in another 10 years I'm not sure that will hold up. +Long time lurker, throwaway for obvious reasons. As the title states, I’m a 30M and have a net worth of $5.5M, of which $4.7M is invested across a stock/bond portfolio. The remaining is my primary residence. Not included in the $5.5M is 6% ownership in a tech startup doing ~$3M annual recurring subscription revenue. I am not including this in my NW as I consider it high risk and it has not yet generated me any sort of income; although, I should be receiving distributions in the near-ish future. + +I have no debt other than ~$300k mortgage with a 2.5% interest rate. + +I am happily married with no kids (will have maximum of 2 probably In next 5 years), work in the tech space (non-dev), and live in the SE USA. + +More specifically, I work at a competitive tech company (search engine) that has great benefits (full health insurance for entire family), unlimited vacation, competitive pay, etc. While I generally enjoy the company, it’s product, and the culture/work environment I work in, I’m a little burnt out on the whole politics of the job, the high stress environment of constant progress and growth, and generally working for someone else day in and day out. + +While I have no intentions whatsoever to be a bum, lying around on the couch all day, I frequently run the fantasy through my head of pursuing hobbies, traveling, and living a stress-free, activity-filled life without the constant 1:1s with a manager, endless projects, client meetings, and presentations. + +As far as spending, we spend roughly $10k/mo including mortgage which goes mainly towards food/groceries, social events, travel, and daily living expenses. If needed, I could easily cut out various frivolous social and travel expenses (ie 5 star hotels, massages, fine dining etc) + +Excuse my naivety but, to be completely transparent, I don’t think I’m fully aware of my financial situation as it compares to others and don’t really know whether or not I *need* to keep working. Am I in a position to do as I please moving forward or do I need to continue grinding and get to $10M by 40? Like many others, the desire for FU money would be nice but it’s not something that is a priority in my life. + +* ***15:1 share consolidation to begin trading on*** **or about** ***May 14, 2021*** +* ***NASDAQ Capital Market listing expected in May 2021 under ticker symbol HITI*** + +“Today’s news represents a significant milestone towards High Tide becoming the first major cannabis retailer anywhere in the world to be listed on Nasdaq, making our shares more accessible to a larger audience of both retail and institutional investors, and increasing our appeal to potential M&A targets,” said Raj Grover, President and Chief Executive Officer of High Tide. “The announced share consolidation, coupled with other recent progress in our application, gives us confidence that we remain on course to meet the listing standards and begin trading on Nasdaq by the end of this month,” added Mr. Grover. +Worlds second biggest crypto passed 1400$ today. Its highest price since Jun. +Many other alts also rallied behind ETH. +One of which was MATIC which is now at 0.82$. new high since may! + + + + + + + + + +Ape, graph, Lido DAO and many other saw nice gains but the biggest winner was ETH's dead brother ETC!! + + + + + + + + + + +Now there are several reasons suggested for recent rally: + + +A) ETH merge confirmation for September. + + + + + + + +B) it is a pump and dump plot. (by who? And why now?) + + + + + +C) We are in alt season. Maybe we are. Who can tell? + + + + + + + + +