diff --git "a/reddit_finance_43_250k_321.txt" "b/reddit_finance_43_250k_321.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_321.txt" @@ -0,0 +1,10000 @@ +## What Are the Benefits? + +* **Customizable risk-return profiles** +With defined outcome investing, you can personalize your risk-return profile to align with your long-term strategy. You can be conservative or aggressive. Your buffer can be set to absorb downside volatility while keeping your cap high enough to help you reach your financial goals. Or if you're particularly bullish on an asset you can accelerate the upside in exchange for a ceiling on the profit. + +* **Income Generation** +You can define certain outcomes to provide a fixed return that is superior to bonds and CDs while taking a reasonable level of risk. + +## What kind of Outcomes Can be Achieved? + +There are three main objectives that can be achieved with defined outcome investing:  + + +1. **Income / Preservation** +*Best for investors who want to preserve capital, even in a down market.* +The preservation strategy offers maximum cushion and a fixed return. The drawback to this strategy is that the ceiling is typically lower than with other strategies. Put spreads are commonly used for this objective. +‍ +*Example*: +Buy 1 $120 put +Buy 3 $125 puts + Sell 5 $135 puts +1/20/23 expiration +Nets a fixed **13%** **(13%** **annualized)** unless $AAPL falls below **18%** (**$133.97**) as of 01/20/2023 + +https://preview.redd.it/16b0uwj3xfe81.png?width=1428&format=png&auto=webp&s=f8081f60dde9506784f16a8a6d9a553a699e246f + +1. **Growth** +*Best for bullish investors who want to collect profits earlier* +The growth strategy is on the opposite end of the spectrum in terms of risk. There is typically no downside protection, but in exchange for the ceiling you get accelerated profit. +*Example*: +Buy 2 $160 calls +Sell 2 $170 calls +Sell 1 $170 put +9/16/22 expiration +Accelerates gains by **3.2x** and makes up to **20.8% (34.7% annualized)** on $AAPL through 9/16/2022. + +https://preview.redd.it/bdehv87pyfe81.png?width=1426&format=png&auto=webp&s=de7f88d8c9525f6b0c4e34aefcb5369cfc0d42ed + +1. **Hedged / Buffered** +*Best for medium risk, medium reward long term investors* +This is the meeting of the two above strategies and is the most popular for defined outcome investing. You set a ceiling and a cushion that keeps your investment within parameters that match your objectives and outlook on that asset. +*Example*: +Buy 1 $160 call +Sell 1 $185 call +Sell 1 $140 put +11/18/22 expiration +Makes up to **18.3% (23.1% annualized)** unless $AAPL falls below **13%** (**$143.19**) as of 11/18/2022 + +https://preview.redd.it/lqd2zudvzfe81.png?width=1422&format=png&auto=webp&s=7d8fc58716a459ac00a7c1b84381812de6d4b841 + +Would love to see a shift in how beginners approach options trading and even out the playing field. Options are getting a bad rap because when it comes to options the "simple" approach is not the best. +Ok, I just wanted to check the market and probably have an offer in hand to negotiate within my current org. I went into an interview with absolutely no preparation and even bombed it, next thing I know they want to hire me. + The pay they offered is slightly better than my current package but it’s not as attractive. How do I let them know I no longer want to go ahead without burning any bridges? I feel borderline guilty for waistline their time. +As I've gone past my Coast FI number and crept up on my Lean FI number, I've started thinking about the term "buying a job." You'll frequently see someone use this phrase in a negative way when someone mentions buying a business as a path to FIRE. However, I'm starting to think that buying a job doesn't sound all that bad. I actually like working. A good, honest day's work makes me feel way better than a day of doing nothing. I just don't like the insanity of corporate life, and I don't have the creativity or self-confidence to truly start my own business from scratch. + +Is anyone else thinking about this? I remember someone in the daily used to post about the gym that they had purchased. What are other good options to buy a job as a sort of CoastFI/Phase 2 career? Classics seem to be generic retail options like laundromats, liquor stores, chain restaurants. Is there anything else? What am I missing when I think this is a good idea? +Hoping for your help. I am new to DEGIRO and have just made my first few ETF purchases. I was surprised to see commission charges on ETF’s I have seen on this sub discussed as commission free. +I am an English speaker living in a none English speaking EU country. As such I only have the option of the DEGIRO app and web interface in a language i don’t understand. + +Can anyone link me or explain the commission policy regarding k DEGIRO? Not for everything of course; I am only buying Vangard All Word. +Is there a man minimum buy amount or it is not buy certain days? + +Thanks in advance +Hello, + +After reading through this and /r/personalfinance's wiki I have come to the conclusion that I am getting ready to start investing some money, and I am looking for some advice regarding this. + +I am a 23y/o living in Spain. It has been a year since I gained total financial independence, and I have been saving as much of my salary as I have been able to since then, and I am looking into investing some of it, looking to make more money on the long term. + +Let me describe my current situation: + +1. This is my last year in university, graduating in mathematics. Uni is all payed for, but I am considering pursuing a master's degree next year. It could cost anywhere from 2.500E to 4.500E (most likely in the higher end). +2. I have been at my job for a little over a year and a half. Working 5h/week, making 916E/month after takes (it has increased over time). My job is related to my field. +3. My budget plans for me to save about 350E/month (this has also increased over time), and my current savings are up to just over 4.500E. This last 12 months have also shown me that I am able stick to my budget reliably. On average, every moth I end up saving a bit more than I budgeted for. +4. Next year I plan to move to an apartment with my girlfriend, who is also financially independent and has a similar situation as mine (she earns more and has more money saved up). We both hope to be able to save more by then, since our separate rents are our main expenses. She is not expecting any big expenses (already finished her master's and owns a car). +5. I do not have any debt. +6. My (very) long term goal is to buy a house and have a strong financial security. I do not expect or want to retire early. + +I would like to start investing some of my savings with a long term focus. Given that my monthly expenses are of at most of 560E (240E of these are rent, without appliances), according to the wiki I should look to have a 6\*560E = 3360E emergency fund, as my income is certain but I like to be safe. With this criteria met I can move on to saving for other goals. + +As I mentioned, I consider the idea of taking on a master's degree, which could cost me upwards of 4.500E (I'll use that number). I am still missing 3360E from this amount, which should take me some time to gather. + +My main question is whether I should keep on saving up until I meet my savings goal, or start investing now. If I did this it would be with a small amount, until I have actually met my savings goal. + +If I redirected a small amount of money (I was thinking about 300E, but I would wait to get your advice) to start investing, how should I go about it? + +Furthermore, if I were to wait to meet my savings goal, how should I go about investing then? This would also apply to the first scenario, after having met my said goals. + +I do not mind waiting a lot, I understand the benefits of compound interest; but I am also not afraid to take higher risks on a small portion the money I purpose to investing, at least for now. I do prioritize long term benefits though, as I am very comfortable with my current financial situation. + +Thanks for your time! +Im looking for an ETF for 30-40 Years. Ive gained some knowledge from the german community and wanna hear out some of you guys aswell. + +Currently im running the Vanguard all world ETF a1jx52 with a TER of 0,22% at zero additional cost at zero cost + +Since im from germany i choosed one which pays out to get 60k in it (This is the limit my payout gets taxfree in germany called "Sparerpauschbetrag"). + +Currently im thinking of maybe changing this to the S&P500. The growth was better but it the diversity is less. But a lot of the big american companies are also big in europe. Amazon / Apple etc. + +What would u recommend? Stick with the World ETF to be save or should i go with the S&P500 have a bit more risk but greater return? + +Any opinion is welcome! +This happened a few days ago (this last Saturday, 12/8). We checked our bank and noticed our savings account was quite a bit lower than we would expect. + +Sure enough, two days earlier, there was a counter withdrawal for $8500, that neither of us made (obviously). We were able to pull up a photo of the withdrawal slip. It was our savings account number, as well as a *very* poor attempt at duplicating my wife's signature. Neither of us recognized the handwriting. + +They got her first name right, but basically wrote a completely different last name (cursive signature, but still clearly misspelled). I'm guessing they could have drawn a cartoon duck, and it wouldn't have mattered. 🙄 + +And to top it off, the withdrawal was made some 1500 miles away from us, in a region of the US we haven't been in years (Florida... go figure.) + +Neither of us are missing our IDs, and neither of us can figure out how our savings account number (of all things) would be compromised. We don't use it anywhere, for anything. + + +Anyways, here's what we've done so far: + +-Called the bank and reported a fraudulent transaction/withdrawal + +-Filed a police report with our local PD + +-Froze my wife's credit + +-Visited our local Chase branch on Saturday 12/8, and spoke to a manager, who helped facilitate what we did earlier that day on the phone. He also froze the compromised account and transferred remaining savings to a new account. + +As of today (12/13), we're *still* waiting on an affidavit in the mail from Chase. They tell us this needs to be signed before any investigation can take place. So, in the meantime, we're out $8500. + +**So I guess I'm here to ask if there's anything else we should be doing, and more importantly, if anyone has any idea as to how this happened in the first place.** + +I'm assuming someone has a fake ID of my wife...? We were concerned about identity theft at first, but there's been no other red flags aside from this individual withdrawal. No attempts to purchase anything, no credit cards opened, nothing. Just this single bank withdrawal. Obviously we'll continue to monitor her credit closely, just in case. + +Also, I think we're going to switch to a credit union. I don't feel very confident in Chase after this incident. +Why is it taking so long? We all know he is a crook, so whats the deal? Does he evidence against some politician and thats stopping him being in Jail right now? This doesnt add up to be honest. He also has a NYT speech he will be making along with guys like Gates. He doesnt deserve to be anywhere near a great innovator and man like gates, he needs to be locked up in jail. +"Elon Musk has been sued by a Twitter shareholder who alleges the Tesla CEO delayed disclosing his stake in the social media company so he could buy more shares at lower prices. + +The suit, filed in Manhattan federal court on Tuesday, claimed Musk violated securities laws by not revealing by March 24 that he had accumulated a stake of at least 5% in Twitter (ticker: TWTR). The lawsuit alleges that by March 14, Musk’s stake in Twitter had reached 5%, which required him to publicly disclose his stake 10 days later by March 24. Musk didn’t file the required disclosure with the Securities and Exchange Commission until April 4, after he had boosted his position to more than 9%. + +Twitter shareholder Marc Bain Rasella filed the lawsuit against Musk. He is seeking to have the lawsuit certified as a class action for shareholders who sold Twitter stock between March 24 and April 1." + +https://www.barrons.com/articles/elon-musk-sued-twitter-stock-lawsuit-51649837139?siteid=yhoof2 + +EDIT, ADDING MORE INFO: https://finance.yahoo.com/news/elon-musk-profited-150-million-twitter-lawyer-says-191823910.html +Russian ruble plunges nearly 30% + +* The ruble was trading as low as 119 per dollar as offshore trading started on Monday morning during Asia hours, from nearly 84 per dollar the previous day, according to Factset data. +* Russian President Vladimir Putin put his country’s nuclear deterrence forces on high alert Sunday. +* Last week, President Joe Biden reacted to the attack by announcing several rounds of sanctions on Russian banks, on the country’s sovereign debt and Putin and Foreign Minister Sergey Lavrov.  + +[Russian ruble plunges nearly 30% against the dollar amid sanctions over Ukraine invasion (cnbc.com)](https://www.cnbc.com/2022/02/28/russian-ruble-dives-nearly-30percent-against-the-dollar-amid-sanctions-ukraine-crisis.html) +I turn to this subreddit looking for advice... +I got into eth last year as a joke. I have 30eth in an address. it was 300$. Now it's 7000$ or so. That's boredline lifechanging for me...anyway, the thing is that I should be happy but it gives me GREAT anxiety. I feel undeserving of them, it makes some other endeavour in my life seem not worth the time given that i could make 7000$ in like 2years in my current situation [ student ]. + +But i feel very tensed and paranoid: maybe i lsoe my keys! maybe someone steals them! maybe they go down! +I have trouble sleeping. + +I know that a lot of you made MUCH more...how do you deal? +Money should bring happiness...why this? +Thank you. +Title Says it all - FatFire Failure. I would like some advice of how to handle fatFIRE failure. I have not fatFIRE'd yet, but I have had 3 opportunities which I could have reached this goal. I feel that I have been smart/lucky enough to put myself in the position make it. I feel I reached the point to where I was about to make it, to have it knocked out of my hands by other people. I am feeling ripped off a lot lately and its been heavy on the mind. I'm in a funk and its been hard to get out of my head that I got screwed and those that screwed me fatFIRE'd to 9 digits twice. + +Sorry the above paragraph probably doesn't make much sense, just needed to get something out to someone. Not something I am comfortable venting/talking to Family about. + +&#x200B; + +My question is those of you who have made it, do you have any advice to someone who has failed a few times now and is struggling. Or if you have failed before and hit the wall any advice to get through it. + +&#x200B; + +Thanks! + +&#x200B; + +Edit - Thanks a lot everyone for all the comments! It has given me a lot to think on, and thing/books to look into. Just reading everything from you all has given me a mental boost! Thank you so much! +Online retailer will cut Prime membership prices for offer three groups of people receiving government assistance +By Laura Stevens and Sarah Nassauer +June 6, 2017 3:00 a.m. ET +Amazon.com Inc. is dropping its membership price for low-income shoppers, going after a Wal-Mart Stores Inc. stronghold. + +The online retailer giant said Tuesday that it will offer a nearly 20% segment of the U.S. population—people who obtain government assistance with cards typically used for food stamps—a $5.99 monthly Prime membership, less than the $10.99 a month or $99 annual plan for other consumers. +There was a post few mins ago which provides a link to download a open source trading program call cryptocoin trader. + +Original link [here](http://www.reddit.com/r/Bitcoin/comments/1y20bh/cryptocointrader_open_source/?utm_medium=twitter&utm_source=Fancy+Show+Tech) + +One user claimed that the source code is safe but i decided to run the precompiled exe on my VM to be sure. + +The program extracts qtbitcoin trader client and some suspicious executables (bridgemigplugin.exe, vbc.exe). + +brigemiplugin.exe description on task manager is open broadcaster software. + +After some googling, it is obvious that the program is doing a live/recording video stream through a open source program from open broadcaster software http://obsproject.com/ + +Here are the [screenshots](http://imgur.com/NHDRGVN,AVuN4Va,URSKl7o,ofQptfO#2) + +Even though the post has been deleted, there are 46 people indicated on sourceforge who have downloaded the program, please reformat your pc to prevent any potential wallet hacks. + +**Always be mindful of open source programs. Even though the source code looks clean, the precompiled executables can be malicious.** + +**Update**: I've ran wireshark to sniff the network traffic produce by the malware, the malware connection is initiated from 185.17.1.222, Russian. ISP, Longbow Electric Llc. screenshot [here](http://imgur.com/nOQN8fv) + +**Update 2** I've done a search of the IP address. I believe it doesn't belongs to any tor node, proxy or VPN. Hence it is very likely that 185.17.1.222 is either a dynamic or static IP from Longbow Electric Llc. + +**Update 3** I'm a undergraduate at NUS majoring in computer science security. I hope that this post will act as a warning for all potential future hackers who attempts to perform similar attacks (The community is watching you). Thanks everyone for the tips as well, it sure helps a little with my high tuition debt. :) This is so much I can do for now, as I'm having papers from tomorrow onwards. Stay safe fellow bitcoiners! +How is the national UK combined salary £30,000. Most jobs advertised in Manchester / Leeds / Huddersfield are advertised at £19,000. Where the hell does that figure come from +So I have just entered to trading view and filtered stocks by "high-dividend" and it appears to be a stock by the ticker "SSSS" which is trading at 13.46 and the last dividend it payed was 2.50. You read right, 2.50!! That's huge and I thought that it's too good to be true so I came here in search of wisdom. Why is no one talking about this stocks and is it a good investment? + This is directed at the people reading this that have more than a few thousand shares. I realise that when the share price hits 5 10 15 30 40 50 100 thousand dollars you become millionaire even billionaires. Can i please ask you for the minions holding way less than yourselves to hold the line to let us all get to dream money. I hear people on streams saying sell on green candles and sell on the way up . Fuck do you even realise that thousands of us have no experience in stocks and shares or even how financial institutions and markets even work. Myself and thousands evem maybe millions can only hope you hold the line , just like you told us to do. And wee have been doing that ,many since January and so with my fellow low share holders and the backbone of the apes i beg you to wait just that few dollars more so we can all enjoy the good life .. Thank you for your time brothers, sister ,young and old . Experienced and virgins. Hold till dream time Hopefully see you all on the moon ..... +Was wondering, with the plethora of stock/economics news outlets, does anyone pay for a subscription and if so, what would you recommend? + +I’m specifically looking for non bias economics news geared towards the retail investor. + +So far, I’ve looked at: WSJ, Bloomberg, Morningstar. +Around February of this year, I quit my job and made a haphazard attempt to become a trader. I moved back in with my parents and told them I’d be productive by trading during the day, delivering food at night, and paying for my share share in utilities. + +I traded for a few weeks and lost roughly $3,000, which dropped my trading account balance to $27,000. I took a break for a few months to learn new strategies, backtest, and paper trade. I then made the mistake of lending my brother my trading money in April, which he then lost trading options. He’s only been able to pay me back $15,000 so far, so I can’t day trade anymore, since I have no idea when I’ll get the rest. + +I’m now looking for jobs, but feel like crap since I just recently found an edge. + +How did you deal with having failed as a trader and having to find a job? + +Hey all, +Hope Monday is treating you well. +I’ve Just signed up to spaceship on the universe portfolio. With the balance being under 5k there are no fees but what I dont get is how do they get paid? Are those with more essentially subsidising those with low balances? +Is there a financial incentive for companies to pay more to their employees in super as opposed to their standard salary? Why would you as an employee want say an extra 5k in super compared to 5k in salary? +Losing our life savings due to a medical event seems to be one of the biggest risk to our RE plans. + +It seems PPO's can't be bought without an employer group plan any more and many specialists and hospitals in the state do not accept HMO's or ACA plans. + +Without creating a legitimate LLC to purchase PPO plans, continue work or taking college classes, what health plans are you buying for your family? +Losing our life savings due to a medical event seems to be one of the biggest risk to our RE plans. + +It seems PPO's can't be bought without an employer group plan any more and many specialists and hospitals in the state do not accept HMO's or ACA plans. + +Without creating a legitimate LLC to purchase PPO plans, continue work or taking college classes, what health plans are you buying for your family? +Hi r/ukpersonalfinance + +I have fortunately recently been head-hunted from a technical sales role to a niche recruitment consultant position - for context I’m in my early/mid 20’s and work with a background in biochemistry. + +Not only is my base salary increasing by ~4K annually, but first year OTE is between £40-50K. After discussing this with 2 recent hires, it seems this is a very achievable figure to reach and only increases by year 2/3. + +I currently rent (700PCM) with my partner, with the aim of getting on the ladder in the next year or two. I’m already maxing out my LISA each year (currently at £15K) and my remaining savings (not much) go into an S&S ISA. + +I wanted to ask for those who have also been in similar positions if there are any financial tips (both short and long term) worth knowing and what to do/not to do when your salary jumps significantly. + +Many thanks in advance! +I found myself [accidentally FIRE'ing](https://www.reddit.com/r/financialindependence/comments/m3katf/i_think_i_just_fired/) in my mid 50s after my (previously very good) work situation deteriorated. I've become aware that involuntary retirement, or being forced into worse job fit or less pay, [is quite common](https://www.propublica.org/article/older-workers-united-states-pushed-out-of-work-forced-retirement) (TLDR: More than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often irreversible). In my case, being at the tail end of a FIRE trajectory provided a cushion that protected me from a potentially unpleasant scramble. + +Are some of you using FIRE planning as a hedge against involuntary job downturns? It seems this might well be an important selling point for the approach, even for those who love their jobs and want to keep at them for a long time. +I (23f) am currently living with my partner and working as a sales associate for a small business. I make around $19,000 a year. I am in a shit ton of debt. I am trying to find something that will actually pay a living wage (I know that's nearly impossible, at least here in the US). I have two years of college under my belt but, am not looking to finish and get a bachelors degree necessarily. I am considering possibly going back to do something like sonography or x-ray tech. But, my partner is strongly encouraging me to look into work from home jobs. Is it even worth trying to find one? I have spent countless hours searching for a legitimate position but, most of them are scams. If they're not a scam there's some other issue with it like shitty pay or I don't meet the requirements. Would it be a smarter route to go back to school to eventually become a technician of some sort? Or should I continue looking into remote work? If so, does anyone know of any legit companies that are good to work for? Edit: My fiance is only encouraging remote work because I am on the spectrum and struggle with anxiety and social issues. Just wanted to clarify. Thank you all. +I've averaged about 62% gain on my investment so I have about $24K in unrealized gains right now. + +I love the company and it's products but I'm pretty scared at what's going on with Elon and all this bankrupsy talk. + +What should I do with my TESLA stock? What would happen to my stock if they did file for bankruptcy? + +By the way, this is a ROTH IRA and this investment makes up about 30% of my portfolio. + +I'm 40 and I'm moderate to aggressive on this portfolio. +It's all good news to me. What the hell is wrong with you apes here? What am I missing? + + +No, apes are not selling after hours edit:(that can impact the price like that)end edit. Because Apes can't sell after hours **on a lit exchange.** + + +RC literally handed a 100%SI play for the retail and you want to sell at a loss? + + +BBBY filed an 8K to let you know that RC will still be involved although he sold his shares. + + +Fud is strong with after-hours institutional criminal fuckery. Don't fall for it. + + +Don't forget, you set the price. I will be here until regso settles. + + +Thanks for coming to my Apetalk. + + +edit: last but not least; wait for a day or two before you make a (or another) hasty decision. Let things play out. + + +Edit 2: can an Ape not go away for a few hours without a post getting traction. Well I'm back to answer all you "BuT I SOlD aFTer HoURs!" Apes. + + +[This from Gary the clown from SEC](https://youtu.be/H_ceCmQIeSQ) + +Whenever you put an order in the after hours it gets executed through a dark pool. You don't have the privilege to trade in a way that will directly affect the stock price. You cannot direct your trade to a lit market in the after hours. Prove me otherwise and I will change this post accordingly. + + + +Edit 3: I'm really getting tired of shills. Here are a few more links to explain what happened in the last week and what may happen if apes diamond hand this shit. + + +[Here is the short volume](https://stocksera.pythonanywhere.com/ticker/short_volume/?quote=BBBY) + + +[Here is FTD's](https://stocksera.pythonanywhere.com/ticker/failure_to_deliver/?quote=BBBY) + +look at the +35s from 7/8-7/12 no regsho then btw. + + +Now do you understand why my regarded autist brain doesn't understand what's happening? + +There is an opportunity to defame RC and get him on the other side of retail. RC sold under 10 million shares in two days. + +Are you fucking kidding me about the impact this makes?! Total volume in those two days is over 335 MILLION! + +You think this has happened because RC sold his shares, no. + + +The company has been shorted to fucking oblivion and your regarded paperhands panic selling just to realize a loss when there is NO change in the short squeeze play. If anything, they are more locked in with us than ever before. +When i was younger i used to aim for financial independence and full retirement. This was when i hated my job with a vengeance. I also held the belief (which i still do) that the aim of life should be to try to be happy. Having read edward de bonos “The happiness purpose” i did manage to make myself happy most of the time (excellent book highly recommended) + +However more recently i have reached a point where i can work part time or take extended breaks from my job and thats great. Also i have started to enjoy my job more (more senior position, more autonomy, the feeling of control and freedom that comes with financial security). And thats created a strange feeling ive never had before where i actually like working sometimes (which took me by surprise). Although the feeling is arbitrary (what emotions arent) it gives me a sense of accomplishment, purpose and meaning. So my desire has shifted from wanting full retirement to semi retirement. + +All of this is great but it has left me with the thought that being happy is more complicated than i had previously thought. Its not enough to just be active, do exercise and spend time with friends and family. I feel like to be happy i need to also have that feeling of meaning. + +But how do you achieve meaning? Should i add in some altruism? Am i thinking too much? Does having too many options create stress and tension? Should humans be kept busy so they dont have time to think about this stupid stuff? Should i have some kids? (That would definitely keep me busy). Why does having children necessarily add meaning to your life? Are all these questions highlighting the problems with our Western hyper-individualistic culture? Do i need to get off my armchair? + +EDIT: i also wonder if all this is related to the peak of the pyramid in Maslow’s hierarchy of needs “self actualisation” that used to make me laugh in high school - like he couldn’t think of anything to put on top of his pyramid. + +EDIT 2 : the other thing which i wonder if this relates to is the idea of the malthusian principle (which actually relates to popultion growth but could work here) - no matter how much we have our emotional “thymic” baseline resets - we want more. You can see this is rich people - this article was interesting + +https://www.google.com/amp/s/amp.theguardian.com/commentisfree/2021/nov/22/therapist-super-rich-succession-billionaires + +🔥Live on Pancakeswap 🔥 + +💎⚡️⚡️⚡️Gem Detected⚡️⚡️⚡️💎 + +#MRVL Highest BNB Reward Coin earn 18%BNB just by holding Marvel Coin and we have metaverse gaming for our future roadmap will be displayed soon in our tokenomics we have buy back function aswell team is already Doxxed anybody can check it on our announcement channel videos and profiles links are there we are pushing heavy marketing and just took onboard Marius Kramer article writer from quora it would be a Massive Fair-Launch. + + 🌟TEAM DOXXED🌟 + +✅18% BNB hourly auto Rewards +✅2% to Liquidity + +Marvel Coin is a BSC Community lead protocol that provides holders with 18%BNB Rewards every hour. + +🌈 AUDIT DONE + +🌈 TEAM DOXXED + +💎This Coin is for Diamond Hands💎 + + 💎 TOKONOMICS 💎 + +Total Supply: 1.000.000.000.000.000 + +🔶18% BNB Hourly Auto Distribution Rewards. + +🔸2% to Liquidity. + +👊About Our Community👊 + +🌟Webiste: Marvell.website + +🌟Telegram: https://t.me/Marvel_coin + +🌟Twitter : https://twitter.com/MarvelOfficiall + +🌟FB: https://www.facebook.com/marvel-coin-100541095625265 + +🔥🔥Don't miss this GEM!🔥🔥 +I am a 40 year old investor that owns a small investment company; lucky enough to have survived 20 years of investing to be self-sufficient. In my life I haven't experienced inflation, or high interest rates which is the same as many other investors. I used to think my father was crazy for his love for yellow metal until recently. I understand my father better because at my age he experienced inflation, 15% interest rates, which is something I can only read about. It is estimated after the next stimulus is passed 25% of the circulating US dollar was printed in the last 12 months. You don't need to be an economist to understand that the dollar is going to be worth less; not worthless, but worth less than today. I am building two apartment buildings this year (Canada and US), and price increases are very apparent in both countries. + +It is beyond my capability to fully understand despite being a professional electrical engineer with business background, but I will cite some investors whose opinion I value: + +1. **Warren Buffet** \- Specifically the Buffet Indicator which is the ratio of the stock market capitalization to GDP ratio. This is the highest it has been since 2001 before the dotcom crash. I attached a graph this below. His right hand Charlie Munger - called it a "speculative frenzy" just recently; +2. **Ray Dalio** \- thinks this is the end of the long-term and short-term debt cycle and sees a similar crash coming soon which will lead to a depression. He frequently compares the 2010s to the roaring 20s which led to a wealth divide, tribalism and WW2. We see similarities now, and in 2018 he said many times the long-term debt cycle will end soon. His most recent portfolio reflects this by holding 26% gold with diversification in other markets; and +3. **Jeremy Grantham** \- known for avoiding bubbles like the 80s in Japan and the dotcom crash. He is sitting on 2.2 billion and telling his fund to be patient. + +The more I read about debt cycles, over production of cash, and the difference between currency and money the more I agree with them. Could it be confirmation bias? Maybe. Did I miss some gains in the last few weeks after exiting the market for the first time since 2016 --- 100% yes. Only time will tell if I made the right choice. FOMO is real and I feel it right now. I do my best to stay present, be grateful for the last 6 years of wonderful growth. + +" **Bulls make** money, **bears make** money, **pigs get slaughtered**" + +Good luck to everyone and don't be a pig! + +[Buffett Indicator SMC\/GDP](https://preview.redd.it/4nxymnumepf61.jpg?width=635&format=pjpg&auto=webp&s=74f4d9dde0d5d2105eca542643ac7476803598c7) +The Motley Fool is not a good place to find investing information. It is filled with various inaccuracies, some of its "best" posters use programs/copy-paste to create article submissions, AND they're trying to sell you something. + +Here's investment extraordinaire [Seth Jayson](http://www.fool.com/about/staff/sethjayson/author.htm). He is a co-author of their small-cap newsletter that TMF constantly tries to sell you when you venture on their site. + +If you click the archive button under his name, you can look at all the articles he has written. **He apparently wrote 30+ articles today.** An even cursory look will tell you that the articles are not written by human hand and are either copy-pasted with numbers punched in or created by a program that pulls numbers from SEC filings and makes shitty graphs. + + +I have no idea how Motley Fool made it on the sidebar of /r/investing. It seems suspicious, even. What do the mods have to say about this? SeekingAlpha is a much, much better site despite all its inaccuracies. + + +**TLDR; TMF spreads disinformation and is written by hacks. SA, or any other learning-focused site, is a better "Learning" source for retail investors. Why then is TMF on the sidebar? TMF also sells a product.** +Trump is requesting a stimulus ($900 billion) that would amount to 4% of 2020 GDP. Obama's stimulus during the 2008 crisis was around 2% of GDP (clarification: spread through 2009-2010, so it is the same magnitude within half the timeframe). + +How can things simultaneously be O.K. while also needing twice as much stimulus as the biggest financial crisis since the great depression? Wouldn't this be completely unprecedented in scale, aside from the 1930s New Deal measures and major war mobilizations? +Honestly, I don't know where else to post this, so sorry if it's the wrong sub. My partner and I just got engaged, and are currently looking at Venues. I never knew that weddings cost so much fucking money! We are having a relatively small thing, but even then, it's looking like it will put us out by about $5k MINIMUM. + +Most places are asking upwards of $150 per person for a 2-course meal (and I have seen photos - a small salad entree and what looks like a 150g steak and 2 baby potatoes for main)! That is fucking ridiculous, I could eat the best meal in a 5-star restaurant for less than that. And then there are Booking fees, Bar Tabs, Venue Hire, Celebrant, Photographer, DJ etc etc... + +One place told us that we need a minimum of 70 guests, or $1500 would be added to the (already $1000) booking fee.. WTF. + +I don't want to be a bummer and shit all over marriage and weddings to my Fiance, I want it to be special for her, but for me, it honestly doesn't really mean much. I am basically only doing it for her. Like what does Marriage even get you? what can married couples do that non-married couples cant? + +why am I expected to fork out $5-10k for this? how is this normal. do people really pay this much? + +We have been trying to be really money smart recently to get ahead of our finances since we are both pretty low-income ATM, and we have been doing well, but We don't have a lot of money, and this is going to be a pretty big blow to our savings. IDK how long it will take us just to recoup our losses.. + +I guess I am just asking if anyone here has done it cheaper, whilst still being a 'special' wedding and not just an elopement. are there any ways to prepare financially for this, other than just saving in BULK? the Date is about 1 year from now, so that how much planning and preparation time we have. + +Usually, weddings are between younger couples, who don't typically have a lot of money, surely there are payment plans, savings strategies, or something? Anything? + +Sorry again if this is the wrong place. I just needed to get it out really. +Sorry - just came back to ppl saying it was de bunked - those companies are real - but they are not registered with finra - Ken is bypassing Finra and SEC by opening fake accounts - those companies might have a real company out there - and it might even do real shit - but it’s not a real asset Mgmt co registered with finra - it’s there to trick the algo - + +Also they still let that guy off for $2.3$bn - fake or not what’s up with that? + +Thank you for all the awards... I am so glad that this was discovered... + +Let me explain... + +Ken.... + +Has his team open up a fake account... + +They Open up "ABC LLC" - and then internally move the shares from Ken and Cit, to that "Clients" account. + +The feed picks it up and send information over to whale wisdom because its a physical account, housed at Citadel, and the information goes thru to Whale Wisdom... + +Ken, can hide... his shorts there... in my first post, it says the firm didn't have to pay back $2.4 billion... FINRA wrote the report so now they enter the chat... + +[https://www.reddit.com/r/Superstonk/comments/t541mf/i\_just\_found\_proof\_that\_fake\_companies\_are/](https://www.reddit.com/r/Superstonk/comments/t541mf/i_just_found_proof_that_fake_companies_are/) + +Thats a $2.4BN transaction they tried to hide from the public... + +I do think on reflection - **They have been setting up fake companies and accounts to house Citadels bad bets, done by internal transfers -** + +**They are bypassing FINRA and the SEC... they trick the ALGO'S AND COMPUTERS and just hope no one would look...** + +They bypass fines - Ken opens accounts and the system thinks it’s real - he has no compliance to say “no” - he has been oppening fake accounts and dumping his trash in them - he holds them at citadel - + +If you search on FINRA, they have no records of these companies... they all own "GME puts" and they are all based in Chicago... + +Alarm Bells are Ringing Kenny... Now I get the big red phone... + +P.s - maybe the sec and finra couldn’t put it together??? +[CloudMD \(DOC\)](https://preview.redd.it/87mjuqxywu361.png?width=1397&format=png&auto=webp&s=10661ae04304c72ba02b18d298dd503f5c93f896) + +Here's your favorite astrologer with another beauty trade setup. + +DOC forming a falling wedge and consolidating right into the zone and the momentum is turning around. It could bounce/consolidate around 2.38 and head back down to the 2 support level and make another run. Thit would be an optional place to scale in additional funds with a SL at 1.90 the risk/reward is quite attractive.The reasons why I think it won't bounce off 2.38 is because of the tailwind it has from the stay at home stocks. As the numbers climb they're coming back into favour and this is the canadian version. Expect it to break through 2.38 on the first attempt and the falling wedge and fib retracement levels (2.38, 2.59, 2.75, 2.91, 3.13, 3.41) will become support if it pulls back at all.Any retracement back to any of those levels confirms the pattern on the first bounce off and that can serve as a place to scale in a final time.Of course it could rip pretty quick at the same time with no real bounces to load up but one of the above scenarios is very likely. I'm 75% confident on this one, but that confidence would increase to 85% if it bounces off $2 one more time to fill up the wedge. Buying back in at $2 and keeping the SL at 1.90 minimizes losses and allows to be fully loaded for a final run at the wedge resistance.  + +Another thing I like is the 13/30 MA (hourly)crossed over to the upside so we'll definitely head up in the short term. + +Is this a good stock to hold long term? Who the hell knows? Is it a good stock to grab while virus numbers skyrocket? Very possibly.  + +Disclaimer - I am long DOC (as of yesterday)  + +**EDIT 12/10/2020** + +Scaled in @ 2.17 1/3 so I'm sitting at 2/3 on this trade. + +https://preview.redd.it/m6rxi6q58f461.png?width=1539&format=png&auto=webp&s=5ab17e5f34ec9fae9030812496cbc341e5ca86b1 +Context: portfolio 75k roughly, + +32 shares of Apple @ $131.72 USD/ +32 shares of ABNB @ $145/ +1 share of AMZN @ 3474/ +9 shares of BABA @ $242/ +12 shares of DIS @ $174.50/ +100 shares of EDR @ $25/ +240 shares of ENB @ $49.60/ +100 shares of FLUX @ $11.95/ +90 shares of FUBO @ $32.60/ +986 shares of HITI.V @ $10.14/ +1000 shares of NUMI.V @ $1.15/ +185 shares of PLTR @ $24.90/ +100 shares of RKT @ $22/ +13 shares of SQ @ 164/ + +My only overall market exposure through ETF is: + +67 shares of VFV @ $93.66 & +120 shares of HXQ @ $51.39 + + +I have a minimum 5 year time horizon. All the original individual stocks I selected is from when I began investing last year, thinking I could beat the overall market. When I look at the list of individual holdings I still remain incredibly bullish on all the holdings (except RKT, and BABA due to China crackdown). However, most of these stocks have underperformed the S&P/ NASDAQ since last year and it makes me question whether I should keep my conviction and continue holding, or if I am only trying to convince myself that one day these stocks will shine and outperform the overall market. + +My next steps are too only contribute my TFSA to high dividend stocks like BCE, or continue buying the overall market. However, these individual stocks comprise a large part of my portfolio and all the time and research I put into these companies feels wasted when I could have stuck the money into overall market ETF and outperformed. + +Looking for advice from people who have been in the game much longer than me, and this reddit page is incredibly supportive. Sorry for the long scripture post, but I believe there are others in my shoe with the same questions and I would love to get a convo going about this. +I truly don’t think it’s a meme stock anymore. + +1. RC is the Chair Daddy +2. Brilliant new hires from Amazon and chewy +3. 160 billion dollar gaming industry +4. NFT capability to return digital games and soooo much more +5. Expanding the product and merchandise they offer +6. ESPORTS + +Tell me what’s so meme-able about gme and I’ll change my mind. +Hey All, each Sunday, I plan to pick 5 stocks from ARK’s funds that are most attractive from a fundamental perspective (i.e. growth rates, margins, valuation). I'm doing this for myself so thought it'd be helpful to share with others before trading begins on Mondays. + +Planning to do this for the Innovation (ARKK) fund today, then the autonomous tech next week, then next gen internet, then fintech before the whole cycle repeats. (Unless it turns out that there’s no interest in this, then I’ll stop posting). + +**Why ARK?** + +* Though ARK’s strategy can be seen as overhyped and controversial, what I do like about the fund is that they are growth-focused with an [internal annual hurdle rate of 15%](https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/Marketing_Material/ARKInvest_122019_ESG-Policy.pdf) based on a 5-year time horizon +* But, I think ARK tends to be on the optimistic end of the spectrum and sometimes ***too*** **tolerant of overly stretched valuations** +* As a result, I’m hoping to give you the **best of both worlds: high growth stock picks at the most attractive prices,** all by using ARK’s ETF picks as a filter for vetted, high-growth companies  + * To be clear, I’m not saying ARK’s picks are all bulletproof. Just using the fund’s picks since they have a much bigger research team and resources than an individual investor such as myself, so **think of this post as a potential** ***starting point*** **for more research** + +**My Process & Selection Criteria** + +* First of all, I’ll be excluding all non-tech stocks in my analysis because I personally like to focus on tech. Including healthcare stocks (which pretty much are what the non-tech stocks are) ruins the metric comparisons given the differences in industries. +* My process was pretty simple. Downloaded all the tickers from ARK, pulled data from wallmine or went through filings myself. As a result, there may be some slight discrepancies from the data you use and mine but they should be around the same ballpark. +* Next, my **selection criteria,** which will I’ll likely change over time each week. Today the ones I’m using include the following (data sourced from wallmine and filings): + * **Trading at less than 70% of the 52 week high** \- provides context around market sentiment + * **Greater than 25% LTM revenue growth** \- guide for the future + * **Greater than 60% LTM gross margins** \- operational efficiency + * **LTM cash flow positive** \- operational efficiency + * **LTM Revenue multiple of less than 15x** \- valuation +* Given that the market is a bit bearish right now and punishing stocks with stretched valuations, I’m heavily weighting the valuation criteria as you’ll see soon + +**The Top 5 Picks of the Week** + +* **2U - a leading edtech company** + * 52 week high discount: 41% + * LTM revenue growth: 34% + * LTM gross margins: 71% + * LTM cash flow positive: 0% + * EV / LTM revenue: 3.3x + * Commentary: Most software companies are trading 20-30x with these types of fundamentals, so based on the valuation, 2U seems very promising +* **Baidu - a Chinese AI and internet conglomerate** + * 52 week high discount: 26% + * LTM revenue growth: 46% + * LTM gross margins: 48% + * LTM cash flow positive: 33% + * EV / LTM revenue: 4.7x + * Commentary: Really great financial figures and super low revenue multiple, but do keep in mind that there’s always heightened risk when investing in Chinese companies +* **PagerDuty - an incident response software company** + * 52 week high discount: 36% + * LTM revenue growth: 27% + * LTM gross margins: 87% + * LTM cash flow positive: (35%) + * EV / LTM revenue: 13.1x + * Commentary: The company is in its growing phase so that’s why I’m forgiving of its negative 35% free cash flow margin and a 13.1x revenue multiple seems very fair for this kind of financial profile for a software company. Keep in mind these are EV / LTM revenue multiples, so this multiple is even lower for NTM but I just don’t have that data. +* **Teradyne - a test equipment manufacturing company whose customers include Samsung, Qualcomm, Intel, and more** + * 52 week high discount: 23% + * LTM revenue growth: 34% + * LTM gross margins: 57% + * LTM cash flow positive: 29% + * EV / LTM revenue: 5.8x + * Commentary: Based on the growth rate, margins, and valuation, seems like a bargain +* **Taiwan Semiconductor Manufacturing Company - primarily makes chips** + * 52 week high discount: 15% + * LTM revenue growth: 33% + * LTM gross margins: 53% + * LTM cash flow positive: 29% + * EV / LTM revenue: 11.4x + * Commentary: The company isn’t trading at much of a discount relative to the others at 85% but I chose this company because there has been some news I came across recently of a chip shortage, which means there is incredible demand for TSMC’s products + +**Edit:** One thing I forgot to add - there's obviously a lot more to investing than just numbers. And it's very possible that the numbers I share each week has an important story behind it (i.e. an inflated revenue figure due to an acquisition rather than organic growth). So as I mentioned earlier in the post, please view this as a starting point of research and I'm not necessarily recommending all these as buys. Just that they are attractive from a financial perspective + it helps that the ARK team vetted the company. +Guten Morgen to this global band of Apes! 👋🦍 + +Many of you know that low volume jacks my tits. +New records for low volume even more so. +Upward price movement on record low volume? +That is *risky* levels of tit-jacking. + +As institutional ownership has gone down, we've seen retail ownership increasing. +This has previously manifested as the DRS percentage going backward, since the institutional shares weren't as 'locked' as our DRS'd shares are. +However, I think that it also means that we see less churn of shares between institutions. +This results in lower volume, particularly because nobody is selling from ComputerShare. +The further we push the DRS percentage upward, the lower I expect the volume to be. + +This week has been particularly exciting, considering the signals we're seeing that the SHFs are desperate and GME is thriving. +Will we see any additional clues before the weekend? + +Today is Friday, September 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$28.11 / 28,13 €** *(volume: 4646)* +- ⬜ 115 minutes in: $28.11 / 28,13 € *(volume: 4144)* +- ⬜ 110 minutes in: $28.11 / 28,13 € *(volume: 3750)* +- 🟩 105 minutes in: $28.11 / 28,13 € *(volume: 3740)* +- 🟥 100 minutes in: $28.10 / 28,13 € *(volume: 3715)* +- ⬜ 95 minutes in: $28.12 / 28,14 € *(volume: 3690)* +- 🟥 90 minutes in: $28.12 / 28,14 € *(volume: 3690)* +- 🟩 85 minutes in: $28.32 / 28,35 € *(volume: 2192)* +- 🟩 80 minutes in: $28.13 / 28,16 € *(volume: 2017)* +- 🟩 75 minutes in: $28.13 / 28,15 € *(volume: 1997)* +- 🟥 70 minutes in: $27.91 / 27,93 € *(volume: 1497)* +- 🟩 65 minutes in: $27.97 / 27,99 € *(volume: 1497)* +- 🟩 60 minutes in: $27.96 / 27,98 € *(volume: 1497)* +- 🟥 55 minutes in: $27.96 / 27,98 € *(volume: 1497)* +- 🟥 50 minutes in: $28.09 / 28,11 € *(volume: 1068)* +- 🟩 45 minutes in: $28.09 / 28,11 € *(volume: 1066)* +- 🟥 40 minutes in: $28.09 / 28,11 € *(volume: 1066)* +- 🟥 35 minutes in: $28.09 / 28,11 € *(volume: 1051)* +- 🟥 30 minutes in: $28.09 / 28,11 € *(volume: 1051)* +- 🟩 25 minutes in: $28.11 / 28,13 € *(volume: 1051)* +- 🟩 20 minutes in: $28.11 / 28,13 € *(volume: 1051)* +- 🟥 15 minutes in: $28.10 / 28,12 € *(volume: 344)* +- 🟩 10 minutes in: $28.11 / 28,13 € *(volume: 336)* +- 🟩 5 minutes in: $28.10 / 28,12 € *(volume: 319)* +- 🟥 0 minutes in: $28.09 / 28,11 € *(volume: 315)* +- 🟩 US close price: $28.61 / 28,63 € *($28.22 / 28,24 € 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 0.9992. 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! +With ACA being what it is and too young for Medicare I was curious how Americans in this group manage their healthcare needs? I can see an unexpected healthcare emergency wiping out your savings with no insurance pretty quickly. + +I’m all on board that is just one of my big concerns. +Only 90 people have so far sent an email to the SEC with supportive comments about the Bitcoin ETF proposal. + +Hundreds of thousands of us speak out in favor of Bitcoin and crypto adoption on reddit/twitter etc. Take the time to send a quick "I support the Bitcoin ETF" email. + +All that you have to do is send an email to rule-comments@sec.gov +And quote this in your subject line: SR-CboeBZX-2018-040 + +You can also see the info here: https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm + +Let's show our support and open up Bitcoin and Crypto adoption on a more widespread basis! + +Here are the comments that I submitted: https://steemit.com/bitcoin/@coolhandcanuck/bitcoin-etf-my-comments-to-the-securities-and-exchange-commission-on-their-pending-review-of-an-application-for-a-bitcoin-etf +"The 8,000 sq. ft penthouse on the 66th floor has an asking price of $13.25 Million, which is lower than the $15million Griffin paid to acquire the 5bdrm and 6bath property in 2012" + +[https://www.nbcchicago.com/news/local/citadel-ceo-ken-griffin-lists-chicago-penthouses-for-sale/2900895/](https://www.nbcchicago.com/news/local/citadel-ceo-ken-griffin-lists-chicago-penthouses-for-sale/2900895/) + +A short sale is **when a mortgage lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of the property by a financially distressed owner**. The lender forgives the remaining balance of the loan + +**By a financially distressed owner, lmayo** + +Is this a short sale ? anyone know how to see this kind of info + +**\*\*(EDITED This is not a short sale. A short sale is when the bank allows you to sell a property for less than what is owed to the bank. u/ 33zig comment has info on this )** + +Also mandatory 2008 bailout article screenshot, this man is known to get in deep water. He seems to be drowning again. + +&#x200B; + +https://preview.redd.it/j5m41gsnwke91.jpg?width=725&format=pjpg&auto=webp&s=31d869f5935d0513a51290ada9565d75931b062a +I'm sure this will get downvoted but if you have entered crypto with the hopes of making some profit ignore the cult like mentality of holding indefinitely and set yourself a price target at which you would be happy to take some profit. + +Holding long term has always been a solid tactic but to hold with no exit plan or target is just barmy. + +Whether it be a specific price target or a multiplication of your holdings think about which point you would be happy to take profit and stick to it. + +For me personally whenever an investment makes 3x I cash out two thirds doubling my initial investment and then hold the last third in the hope that it does it again. +Maybe this is a stupid question. I fully admit I’m hardly an expert. Currently the Nikkei still has yet to reach its ATH from 1989. They had a 6 year period of greatly inflated stock and real estate prices along with expansion of money supply and credit. + +By 1991, real estate prices increased anywhere from 160-300% compared to 1985. From 1989 to 1990 they increased rates 5 times going from 2.5% to 6%, in 1991 the market started tanking. + +Now the timeframe is different, and a lot of the pump was COVID related. But a lot of things sure seem similar… + +If you completely ignore the COVID drop, from Feb 2020 to Dec 2021 the market was up 40% in less than 2 years time. Now interested rates are rising and we are about 20% down from ATH, similar to the 35% down Japan experienced from the ATH high to 1990. + +Currently things don’t seem as severe, the bubble doesn’t seem as long (depending who you talk to) and the drop doesn’t seem as much, but 32 years later and Japan still hasn’t recovered. So who is to say it wouldn’t take us 15 or mores to recover? + +Then we have one additional wrench that an economy based on unlimited growth hates: low birth rate/declining population. Japan didn’t have to contend with this and all signs point to this increasing. Less consumers, less economic actors means lower economic activity, which needs to be offset with more immigration, which I’m not sure I see happening. + +This is the internet, tell me why I’m wrong. +I think its time we take a moment and reflect back on the event, many years ago, that proved bitcoin is unstoppable (at least in the foreseeable future). It seems that the Segwit 2x\\bcash shills have come out of hiding due to the drop in bitcoin's price, as the "bitcoin is terrible as a currency, its too slow" posts and comments have started reappearing + + +The following is much of a repost, but its lore has since been forgot. This new post is a summary of the greatest, most complex attack on Bitcoin yet, that involved every major exchange, mining pool, reddit shilling campaigns, government agents (?) + + +Friendships were broken, but new bonds of brotherhood were forged in the raging furnaces of crypto forums. The epicness of this event makes me laugh at every chode suite and tie commenting on Bitcoin in mainstream news + + +Buckle up buckaroos. + + +Segwit 2X was the equivalent of Goldman Sachs, JPMorgan, every other major bank, the oil cartel (OPEC), colluding to take over the network **BUT FAILING MISERABLY, WITH THEIR TAIL BETWEEN THEIR LEGS, HAVING LOST A FORTUNE TO ACCOMPLISH NOTHING BUT THE RUINATION OF THEIR OWN REPUTATION** + + +[The Darth Vader of Crypto's Official War Declaration](https://preview.redd.it/0zog3kopj8a91.jpg?width=797&format=pjpg&auto=webp&s=c4477b5392e6950d0b9aec1b5b86f6c1880d850d) + + + + +This incident, and the fiasco of the centralised authorities involved (**fuck you Brian Amstrong, you crypto cockroach**, the old timers haven't forgotten where you stood, and have no surprise you sucked daddy government's cock more than willingly: **you deserve to be teabagged with ballsacks dripped in ink that reads "KYC"**) + + +[https:\/\/news.ycombinator.com\/item?id=15867329](https://preview.redd.it/iyvgw5xwn8a91.png?width=1607&format=png&auto=webp&s=efbcd5016ed8d2fb7dcd6c0d41c1982ed07b9006) + + + + +The post below was written by a friend of mine, who was involved in Bitcoin even before I was. I took the liberty of naming and shaming, editing for grammar, linking evidence etc. To give you an idea, he saw Roger Ver shill for Mt Gox [https://www.youtube.com/watch?v=UP1YsMlrfF0&list=PPSV&ab\_channel=RogerVer](https://www.youtube.com/watch?v=UP1YsMlrfF0&list=PPSV&ab_channel=RogerVer) + + +Who is still fetid excuse of a human being? Who is this nerdy Chinese Darth Vader, inciting incest? All shall be revealed: grab your popcorn and let's take it back to 2017 \*retro 2017 music starts playing\* + + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + + +# *Must read for newcomers* My friend worked in the Bitcoin industry for a couple of years and has been involved in the crypto world since 2014. This is what he had to say about the recent politics of btc when someone asked him on our crypto trading channel + +(He first sent this article [https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2](https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2), then followed up with this reply when someone told him he had no idea what he just read) + +"There was a big scaling debate and in the end there were two sides. **Those that wanted to scale using bigger blocksize** (short term solution that doesn't work long term and also causes more centralization) **vs those who wanted to scale using changes in the code to make the network more efficient** aka SEGWIT+second layer scaling solutions (bitcoin becomes massive settlement layer, and second layer solutions can take care of verifying your $3.25 coffee payment). + +On the big block side you had (most) miners because they were only able to see the short term benefits of increased blocksize and they do not care about network centralization. Also, a chinese miner, **Jihan Wu, controlling a sizeable chunk of the network's hashrate, had access to (and was in the process of patenting) this technology called ASICBOOST** which is an exploit in bitcoin code that allows you to "cheat" and get extra hashing power out of your miners**. Essentially they had an unfair advantage and the KEY is that the segwit upgrade fixes this exploit.** + + +Alongside these **miners you had a couple of misguided (but incredibly wealthy because of early adoption) individuals** who either have a reason to see bitcoin fail (like they are heavily invested in altcoins now) or they are too pigheaded to back down when wrong (or some of them I'm sure are not actually intelligent enough to understand they are wrong). + +**On the Segwit side you had all the core developers** (the guys who worked side by side with satoshi to build all this and have been contributing to the code for years every day), **the majority of the userbase, AND the vast majority of bitcoin companies. The two sides were basically arguing over who had control over bitcoin - was it the miners, or was it the users?** Was it those who chose which software to run (users) or was it those who verified transactions for that software (miners)? **(The answer as you will see shortly is Users).** + + +So basically these miners were stalling the upgrade because it would mean the end of their unfair (AND patented) advantage. **This massive stalemate in the debate caused a community led uprising known as the User Activated Soft Fork movement (UASF).** These guys basically said "We're switching our nodes to Segwit software starting Aug 1 and we will be rejecting all mined blocks that do not comply with the new code". **This forced the miners' hand as they realized they would either be forked off the network or have to go along with the new upgrade** to make sure everything continued to go smoothly (including their profits). + +The movement gained enough support to freak out some big money bitcoin CEOs who got together in a room with the miners and made a deal behind closed doors known as the **New York Agreement (NYA). This is where Segwit2x was born**. **The key to note here is that not a single core dev was invited to this meeting** (in fact, not a single competent dev in general was invited). The terms of the deal were: **You guys agree to implement Segwit now, and then we'll agree to an increase in block size later.** Deal was made and obviously the majority of the user community was in an uproar because bitcoiners hate closed door deals (and they should for good reason). + +That being said, it got **Segwit activated because it gave miners an easy way to safe face and go with segwit and the community instead of seeing their profits get wrecked by a messy chainsplit**. However, do you remember that sneaky miner who had patented the ASICBOOST technology? Well he was part of the NYA and he decided to fork off anyway and create Bitcoin Cash. **So stop right here and realize that the only reason we have bitcoin cash is so that some miner, Jihan Wu, with a ton of hashing power could keep his unfair advantage over the network** (he stills mainly mines bitcoin by the way because he would go out of business if he switched entirely to bitcoin cash). Also at this point, technically the **NYA was broken** because the whole point of it was to avoid a chainsplit and go with segwit followed by a block size increase whereas bitcoin cash was a clear chainsplit. + +So for a few months everything was ok because we had Segwit, core devs were still with us, and (supposedly) anyone who wanted bigger blocks had forked off to bitcoin cash right? **Wrong. See it turns out that those guys who made that backroom deal with the miners also had their own interests which involve removing the current core developers from their (imagined) seat of power.** It is classic old school business politics - they don't care that core the devs are based around principles of meritocracy and peer review. They just want to have more of a say in the direction bitcoin takes. At this point, you might be thinking, "Ok but its fair for companies who use a product to have a say in its development, right?" **NO. Not when the "product" at stake is meant to be an incredibly secure, incorruptible ledger that can hold trillions of dollars in wealth and still be hosted online accross the world.** + +The fact is that no one understands the code better than the core developers and no one has more of an interest in seeing bitcoin stay decentralized and secure than these guys do. **These guys literally cum buckets everyday to how much they love coding bitcoin.** If Satoshi is Cypher Jesus then these guys are his Apostles. And on the other hand you have some **severely misguided corporate buffoons who think they have the knowledge to negotiate a compromise with a group who has nothing but short term profit in their sights**. And when the core developers are like "wtf dude?" and the community stands behind them, then these guys resort to essentially trying to kick core out of bitcoin by starting a new chain. **A new chain which was based on a compromise that no one wants or needs anymore.** And the excuse these CEO's are hiding behind is "We don't want to go back on our word." Classic business mindset vs coding mindset. + +ur word." Classic business mindset vs coding mindset. + +Now we come to the current situation where there are basically 4 sides + +1. **Core developers, and those supporting them** +2. **The (remaining) signers of the NYA and those supporting Segwit2x** +3. **Malicious third parties who just want to see bitcoin fail (invested in altcoins/bitcoin cash or they are the Joker and just want to see shit burn)** +4. **Innocent bystanders** + +The core developers are continuing to code and improve bitcoin and they are working on second layer solutions. They haven't stopped development and have actually made a TON of beneficial changes to the code since the Segwit upgrade allowed them to. Being non-political or atleast being shit politicians, these guys do not know how to handle themselves with other people and either don't speak much or come off as pretentious d\*bags (trust me I used to hate them before I smartened up). + +The remaining NYA signers. I say remaining because alot of companies left when they saw the massive backlash from the community. **The only signers left are miners and then a group of around 30 companies which all have ties to Barry Silbert's holding company Digital Currency Group and suprise surprise who do you think got that NYA meeting together in the first place? Silly Silbert** indeed. He's basically trying to do a sort of corporate take over of bitcoin where he decides who is writing the code and how they write it. Oh also I should note here that **these guys have 1 developer working on the Segwit2x code. Yes 1, Jeff Garzik**. Coding ability? Mediocre at best. All he did was copy and paste the entire bitcoin core code (because its open source) and changed the one little value that dictates block size. He changed a 1 to a 2 haha! And **when he tried to make other changes he made critical mistakes that had to be fixed by CORE DEVELOPERS** hahahaha! So how the f\* does that even compare to an army of geeks who have been coding bitcoin for years and coding in general for decades who are all constantly trying to find mistakes in each others' work. SO people supporting Segwit2x are either severely misguided, hate core devs, or don't have all the information to make an informed decision. + +Now the malicious actors. These are people who have a **vested interest in seeing bitcoin crumble. I'm talking about big altcoin investors and bitcoin cash supporters** (yes the guys who have ASICBOOST and want are the reason for this whole mess in the first place). And Segwit2x has presented them with a beautiful vector of attack. Divide and conquer. Right? And whereas with bitcoin cash there was replay protection (meaning the split was pretty clean and bitcoin was largely unaffected) this time they haven't got any planned - so should things go through as planned, things could get messy. + +Then you have all those **innocent bystanders** who don't really know what to think anymore. Things have gotten so convoluted and complicated that it is hard to follow who wants what anymore. These are the people who will get the most fucked by something like Segwit2x because they won't understand the risks as it is happening and they won't have the knowledge to know which wallets to support. **Imagine Segwit2x happens and one wallet sticks with the core version of bitcoin and the other wallet supports the segwit2x version but they both just say "Bitcoin".** + +That is why people are soooooooooooooo strongly opposed to Segwit2x more than anything. **It is nothing more and nothing less than a hostile takeover attempt.** And at this point that should be more than clear because why else would you still support the compromise made with miners who broke the compromise by creating bitcoin cash? **No one wanted Segwit2x in the first place. People wanted bigger blocks, or segwit, not both**. Segwit2x was never a faction in the debate. It was a faction that was spawned by those who created the **New York Agreement** because they saw an **opportunity take control of the software development** from a group of developers who have been working on it for years and who strongly oppose corporate interests getting involved in bitcoin development." + +(I will name and shame the main malicious\\misguided actors and add details based on personal discussion with him and add articles for further reading) + +**Barry Silbert** + +* legit wants btc to succeed but he is also a corporate fool: used to be an investment banker and doesn't know dick about coding +* hates core developers because they are pro decentralization over ease of use for businesses +* misguided +* further reading: [https://medium.com/@charlescmackay/barry-silbert-and-the-cost-of-bitcoins-malfeasance-culture-f83d15ad07d1](https://medium.com/@charlescmackay/barry-silbert-and-the-cost-of-bitcoins-malfeasance-culture-f83d15ad07d1) + +**Erik Vorhees** + +* similar situation as Barry Sillbert +* misguided +* [https://www.reddit.com/r/Bitcoin/comments/72x8m6/an\_open\_letter\_to\_erik\_voorhees/](https://www.reddit.com/r/Bitcoin/comments/72x8m6/an_open_letter_to_erik_voorhees/) (check out the post and the critiques in the comments) + +**Jeff Garzik** + +* already talked about in the post +* misguided + +**Roger Ver** + +* former "btc jesus", early adopter, hardcore libertarian +* got into altcoins and now became "btc antichrist". uses wealth and power to try and ruin btc whenever he can +* always came across as a "huge fake pussy" even before he revealed himself to be a bitcoin basher +* malicious actor, "fraud" +* [https://medium.com/@WhalePanda/roger-ver-from-bitcoin-jesus-to-bitcoin-antichrist-69fc7a17c622](https://medium.com/@WhalePanda/roger-ver-from-bitcoin-jesus-to-bitcoin-antichrist-69fc7a17c622) + +**Jihan Wu** + +* only wants more money and power +* controls shitload of hashing power, got all sorts of alternate agendas (conspiracy theory he is aligned with the Chinese government\\subsidized by them) +* tried to exploit ASICBOOST to get unfair advantage and dominate hashrate even harder +* malicious actor + +[https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9f](https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9f) + +there you guys have it, a comprehensive rundown of bitcoin politics from the point of view of someone who supports the original vision of Satoshi Nakamoto to the core. I hope it informs those of you who got confused by the FUD. + +**Bitcoin belongs to the community, always and forever** +**----------------------------------------------------------------------------------------------------------------------------------------------------** + +*Post Scriptum*: the attack was called off in humiliation on ***November 8th, 2017: Bitcoin's Independence Day*** from the centralized entities, whose equivalent in the fiat world, control the wolrd with an iron vice grip. This is why, **even if all exchanges burn to the ground, government tries to take over miners, bla bla bli bla bla bla, Bitcoin will be fine, has always been fine, and will continue to be fine** + + + + + +[Note how the whole \\"movement\\" was called off by 6 people](https://preview.redd.it/ne3pangnq8a91.png?width=817&format=png&auto=webp&s=aa357245553e1ec271a0c72a785485b4d957fabc) + +**Once More: Bitcoin belongs to the community, always and forever: the USD price, the big businesses acting like they own Bitcoin, the constant FUD, can suck our collective HODLER cock** + + +[The Fate That Awaits All Those That Think They Can Co-Opt Bitcoin](https://i.redd.it/9euyzb0tj8a91.gif) +Let’s blow this thing and go home. + +Edit: I don’t condone YOLOing money you need to survive. I’m just commenting on how inaccessible the market is for the average American. +Basically title. It was agreed that I would receive $10 an hour after my training period ended , but I am still receiving the 8.35 I received during training. I’ve talked to the senior account manager and she is constantly giving excuses for why it has not been updated. Ive already gotten another job and plan to put my 2 weeks in by the end of the month, but the difference over the last few months of what I was told i would be paid and what I am being paid is on the order of $700 at this point. Do I have any recourse? +Back story: + +I was in a bad place, gambling all the time. Anyone who would accept me for a loan I would essentially take it, not thinking about the consequences. I know for a fact if they and other lenders had turned around and said no, I wouldn’t have had the money to gamble and would have sort help sooner. + +Prior to me taking this loan out I believe I was in around £40K of debt in the prior 6 months to me taking this loan out I had taken out 5 credit cards and also had 8 loans open at the time, 4 of which were payday loans from the likes of Uncle Buck, Safety Net, Satsuma Loan (Second loan with these) and Lending Stream. + +The loan itself: + +I took out a loan for £250 with Loans2Go in 2019, my repayments were £57.14 for 18 months so in total I would have paid £1028.52 but because I had so many pay day loans, loans, credit cards I was struggling to pay and I ended up in a DMP by April 2020, having only paid £100 to Loans2Go in December. I paid 2 x £5.78 under the DMP before paying £575.93 to settle the debt in June 2020. + +I sent an affordability complaint to Loans2Go, they at first sent me an outright rejection / final response. + +I then requested they look again and sent them my prior 3 months current account and credit card statements before taking out the loan which all were over there limits and I was at the maximum of my overdraft, I got a response which read as follows: + +“However, further to reviewing the additional information which you have provided, as a gesture of goodwill and in order to bring your complaint to a satisfactory closure it has been agreed to refund you all of the interest which you have paid on the borrowing” + +I had then responded to this asking again if they would remove any adverse markers (Arrangement to pay and Missed payments) and I received this email: + +“The offer made is a gesture of goodwill to assist you as best as we can based on the information you have provided and please be advised that, as a responsible lender Loans2Go have a duty to accurately report the history of an account to the credit reference agencies. I have not seen any evidence to suggest that the loan was irresponsibly lent and can see no reason why the report of the loans should be removed from your credit file.” + +My main concern is that I really want the derogatory marks removing from my credit file, but I’m not sure how much an Arrangement to Pay marker would have on my credit file. + +Also, I find it strange that a loan company would offer a “gesture of goodwill” If there was no evidence of them doing anything wrong. Or maybe that’s just me thinking I have a chance of winning this if I take it to the Financial Ombudsman and getting these markers removed. + +Has anyone every had anything like this? Should I just take the £438 being offered and leave it there or would I be silly and should pursue this further? + +As a little side note : I got help for my gambling and signed up to Gamstop. + +Thank you in advance. + + +Edit: All these loans and credit cards have been paid off / settled, I have no new debt and the only thing I'm now looking for is to move forward and buy a house. Addiction is a horrible thing, I fully understand and own up to my own actions! +Need a little advice, first time buyer. + +Found a 3 bed with my partner that ticks all our boxes. House up for £320k, offered £315k, accepted, over the moon. + +The house valuation (desktop valuation) has come back from nationwide at £285k. £30k under. Meaning we will have to increase our deposit to keep the same LTV or significantly increase our LTV by 10% which I want to avoid. + +The previous owners bought the house in 2017 for £275k. Compared to the valuation a £10k increase after 4 years seems absurd and is worrying. + +The house is in a sought after and affluent little village. + +I calculated typical inflation per annum in the area 2.9% add the garden office they put in. A fair price for the house I feel is £300k to £310k + +Has anyone body else had extremely low ball house valuation from banks? How have you played it when it comes to negotiations with the seller? + +I’m probably going to state my argument for a revised price of £295k: + +1. Logically, we can’t justify a price £30k over the valuation due to potential negative equity / poor ROI when we sell after 4-5 years + +2. An increase in LTV by 10% will significantly impact our quality of life month to month + +Thanks for any help. +I feel I already know the answer to this but I guess looking for other perspectives. + +Early 40s, currently an FTE in government IT role, earning about 120k/yr. As with all tech sector roles the private sector rates have exploded especially on contract. Contract offers around 350k are popping up and I’m very tempted to jump ship and take one. + +I guess I’m looking for reasons against doing this. I was contract for many years previously but have been in the govvie FTE cocoon for 4 yrs now. + +Post tax without any tax structures it would be more than 2.5x current income. I always take at least a month off every year but that isn’t really much of a dent at those rates. +https://www.smh.com.au/business/markets/lightning-fast-wartime-response-from-policymakers-may-have-saved-us-from-a-global-depression-20200405-p54h8b.html + +Ctrl + F inflation 0 results + +Ctrl + F unemployment 1 result + +>There is some permanent loss but pent-up demand and a V-shaped recovery later claws back most of the lost GDP + +Seriously, what am I missing? This doesn't seem plausible to me. Is the consumer really going to go back to spending as per normal once all this is done and after being unemployed or stood down for 6 months? +Goldman Sachs Group Inc. economists said they now expect the US Federal Reserve to raise interest rates to 5%, higher than previously predicted. + +**The central bank will lift its benchmark rate to a range of 4.75% to 5% in March, 25 basis points more than earlier expected,** economists led by Jan Hatzius wrote in an Oct. 29 research report. + +The route to the new peak includes increases of 75 basis points this week, 50 basis points in December and 25 basis points in February and March, they said. + +The economists cited three reasons for expecting the Fed to hike beyond February: **“uncomfortably high” inflation, the need to cool the economy as fiscal tightening ends and price-adjusted incomes climb, and to avoid a premature easing of financial conditions.** + +Source: [https://www.bloomberg.com/news/articles/2022-10-30/goldman-sachs-now-sees-fed-rates-peaking-at-5-in-march](https://www.bloomberg.com/news/articles/2022-10-30/goldman-sachs-now-sees-fed-rates-peaking-at-5-in-march) +The amount of circlejerk in this sub is amazing. The top posts of most recent threads is all sarcasm (seriously, if you don't believe me, just check for yourself). A little over half the posts are serious and people who think they are "clever" with their sarcasm also post meaningless crap. If you don't have anything to add to the conversation, WHY POST? + +Examples: +1. Today's Tesla thread, top post. +2. Vanguard thread +3. Radioshack thread + +Their are countless more. To those who take their time writing out a post with thought, we appreciate you. To those trying to be a smartass with the sarcasm, go somewhere else. + +This is an "investing" subreddit. Not an investing circlejerk. + +Edit: If you're an experienced investor and want to participate in thorough discussion, PM me. We recently created a sub for experienced investors to share ideas and analysis. No BS. +The narrative is shifting. Nothing happens overnight(except repos), but there is a clear and evident shift in the tone of this story. + +Apes have come a long way. I buy and hodl until change is made. These same institutions that were pretty much calling us liars since this saga began, telling us there is no way that a corrupt financial system exists that could be shorting securities in the manner suggested. + +Now, after countless investigating, rule changes, etc, the most important thing is that the narrative is absolutely shifting to support the claims of a fucked financial market. + +Storms coming, buckle up 🚀 💎 🙌 + +This is the way +Hi all, I have drafted a plan based on my current situation and I’m looking to hopefully buy a property early next year. + + +23 years old. £15k in savings currently (contributing to LISA). Single. £41k P/A salary. Living in south west. Decent 2 beds here are about £200k onwards. I’m a first time buyer. No debts/student loans. + + +So plan is to save £1k a month for rest of the year, which will leave me a with a total savings of £27k (including LISA bonus) by start of next year. By the sounds of it the maximum I can borrow for a mortgage is £175k-£200k (please correct me if I’m wrong). So that’ll mean I’ll just be able to afford houses at £200k if I put aside £3k-£4K for other house buying related costs (survey, broker, house moving, furniture etc). I’m tempted to go for a new build and use the equity loan from the government just so that I can afford a better place. + + +Do any of you foresee any shortcomings with this plan? Anything that I’m not accounting for? Also, am I right in saying the maximum I’ll be able to borrow is £200k? What do mortgage lenders look for when they give you a loan? + +Thank you all in advance! +Investing noob, early 50s. After sitting on the sideline I invested in January with WealthSimple and have taken quite a hit. With this recent rally the portfolio improved but is still down ~15%. From everything I read/watch, it seems that this is likely a bear market rally and we have a lot lower to go. Does it make sense to divest some of the portfolio into cash at a loss, and then wait to reinvest when the market goes lower? Or just HODL and DCA? I understand the “time in the market” thesis, but there are also times when it can take many years - even decades - to recoup losses in the market. Genuinely curious how other January investors are thinking about this. +**Highlight:** + + +This analysis looks to apply the Trinity Study, Vanguard Data, and statistics as reported by the US Labor Bureau to come up with a data driven definition of LeanFIRE, FIRE, and FatFIRE. Feel free to add your input and thoughts below to make this conversation even better! + +*This is just a fun table top exercise to explore the different definitions of FIRE. Never take financial advice on the internet from strangers and do not use this post as an investment guide.* + + +**Relevant Data and Sources in defining LeanFIRE, FIRE, and FatFIRE** + + +1) [1998 Trinity Study Conclusion:](http://afcpe.org/assets/pdf/vol1014.pdf) + + +>"If history is any guide for the future, then withdrawal rates of 3% and 4% are extremely unlikely to exhaust any portfolio of stocks and bonds during any of the payout periods shown in Table 1. In those cases, portfolio success seems close to being assured." + + +2) [2012 Vanguard Update to the Trinity Study](https://www.vanguard.com/pdf/s325.pdf) + + +**Withdrawal rates for hypothetical portfolios based on various allocations** + + +*Portfolio withdrawal rates assuming 85% success rate* + +**Portfolio**|**10 yrs**|**15 yrs**|**20 yrs**|**25 yrs**|**30 yrs**|**35 yrs**|**40 yrs** +:--|:--|:--|:--|:--|:--|:--|:-- +Conservative|9.3%|6.3%|4.8%|4.0%|3.5%|3.1%|2.9%| +Moderate|9.6%|6.6%|5.2%|4.4%|3.9%|3.5%|3.3% +Aggressive|9.6%| 6.7%|5.3%|4.5%|4.0%|3.7%|3.4%| + +[**Notes:** For an investor with a 30-year time horizon and assuming an 85% success rate (that is, an 85% probability that a portfolio will not be depleted before the end of the time horizon), an aggressive portfolio allocated 80% stocks/20% bonds would likely have supported a 4% initial spending rate, but a conservative portfolio of 20% stocks/80% bonds would likely have supported a rate of 3.5%. Moderate = 50% stocks/50% bonds.] + + +3) [U.S. Bureau of Labor Statistics](https://www.bls.gov/news.release/cesan.nr0.htm) reported in 2017 that the average American household had **$57,311** in total yearly expenditures. + + +4) [2012 Vanguard Update to the Trinity Study](https://www.vanguard.com/pdf/s325.pdf) + +>For a 65-year-old married couple today, for example, there is an 80% chance that at least one spouse will live to age 85, a 55% chance that one will live to age 90, and a 25% chance that one will reach age 95. + + +5) LeanFIRE is typically [defined](https://www.reddit.com/r/leanfire/) as... + +>...retire before 60 with less than $40k in planned yearly expenses... + + +6) FIRE is typically [defined](https://www.reddit.com/r/financialindependence/wiki/faq) as... + +>...having enough income (from investments, passive businesses, real estate, etc) to pay for your **reasonable living expenses** for the rest of your life. You have the freedom to do what you want with your time (within reason). Working (full or part time), hobbies which generate income, or other activities are optional at this point. + + +**Conclusion from Data** + +For the average American, meeting annual expenses at or below $57,311 with passive/semi-passive income for the rest of their lives would be defined as FIRE. This denotes "reasonable living expenses" as not exceeding the total yearly expenses of an average American household. Trinity and Vanguard have confirmed withdrawal rates between 3%-4% are extremely unlikely (15% chance or less) to exhaust any portfolio of stocks and bonds. Choosing a conservative 3% withdrawal rate, retiring with **$1,910,366.67** in investments would allow one to comfortably meet an average yearly expenditure total every year without exhausting investments. A 4% withdrawal rate allows one to retire with $1,432,775.00, but this position becomes riskier the earlier one retires as evident by the Vanguard analysis. Compare this result to [FIRECalc](https://www.firecalc.com) calculations, which gives an investment amount of approx $1,812,000 as the minimum investment need to guarantee a $57,311 yearly withdrawal over 50 years of retirement for a 100% success rate throughout history. + + +**This would be a data driven definition of FIRE - leveraging between $1,432,775 to $1,910,66.67 in investments in order to passively earn the equivalent of what one average American household spends every year.** + + +For Americans seeking to fulfill a LeanFIRE retirement, meeting annual expenses at or below $40,000 with passive/semi-passive income for the rest of their lives would require a maximum investment amount of **$1,333,333.33** in order to withdraw no more than $40,000 every year without exhausting investments (assuming a yearly withdrawal rate of 3%). Many in the LeanFIRE community strive to keep annual expenses to $25,000 or even $15,000, requiring an investment amount of **$833,333.33** and **$500,000.00**, respectively, in order to meet annual expenses without exhausting investments withdrawn at a 3% rate. + + +**This would be a data driven definition of LeanFIRE - leveraging between $500,000.00 to $1,333,333.33 in investments in order to passively earn the equivalent of 30% - 70% of what an average American household spends every year.** + + +For Americans seeking to fulfill a FatFIRE retirement, the sky is truly the limit. There really isn't a data driven definition that can be met as the FatFIRE community encourages members to reach a maximum earning potential and increase spending to whatever level their investments and net worth can support. **A minimum data driven definition could be postulated - passively earning at least twice the equivalent of what an average American household spends each year.** This requires an investment of at least **$3,820,733.33** in order to meet 2x the average American household annual expenses without exhausting investments withdrawn at a 3% rate. However, many in the FatFIRE community have annual expense rates exceeding $114,633/yr and would thus need successively higher investment amounts to meet this goal assuming they are playing by the Trinity rules. + + +**Summary:** + + +Data indicates LeanFIRE retirement requires anywhere from **$500,000.00 to $1,333,333.33** to achieve a high likelihood of successful retirement; FIRE retirement requires on average anywhere between **$1,432,775 to $1,910,66.67** to achieve a high likelihood of successful retirement; and FatFIRE requires **$3,820,733.33** or more depending on one's personal spending and wealth accumulation goals. + + +This data driven analysis is not perfect - assumptions are made to keep the math simple and the basic concepts at the forefront. + + +It is also important to note this data analysis plays by the rules of the Trinity study and law of averages. Living in a HCOL or LCOL area will affect expenses as will other factors. There are also many convincing arguments one can get away with a higher yearly withdraw rate or lower total investment amount for each category. Those with high net worth will also have access to unique investment strategies that may allow for higher withdrawal rates. + + +Let me know your thoughts below and how to make this analysis even better! +I am an immigrant and was not part of UK education system at all. I have a child that will be going to school in over a year and I am thinking what is the best option. + +I noted that independent schools are crazy expensive, where I live (Glasgow) it's roughly 4k per term depending on age and school. So with 3 terms per year and 13 years of school (from 5 to 18 years old) it adds up to 150k minimum. Are those school really that much better from a respectable public schools? Or this is just for posh people to keep their kids among other kids with similar status? Could this be a good investment in kids future, better than just investing this money and giving them at the age 18? +This is just another example of how delusional cryptocurrency communities are. + +Coffeezilla made a youtube video exposing SafeMoon's billion dollar fraud: + +SafeMoon's founders and employees are currently being investigated by the FBI, while obviously having commited fraud that is documented on the blockchain and in several recordings. They even admitted deleting evidence on video. + +It is a fact that SafeMoon is a fraud, several employees said so themselves. There are millions of dollars missing that should be in the liquidity pool and are now in the pockets of safemoons creators. All of it can be looked up by everyone on the blockchain. + +Yet the safemoon subreddit calls Coffeezilla 'FUDzilla' and claims he is spreading FUD. Right now they are celebrating for buying the dip... while being 95% down from ATH. + +Not everything is FUD. This echo-chamber, cult-like behaviour is sadly quite common in the crypto space, not just with meme coins like SafeMoon. Take care and think for yourself. +Yeah, I posted about this topic last week. (By the way, thanks for all of that unexpected love on that post!) And I'll probably post about it again next week. Why? Because this is exactly what is going to mean the difference between "well off" and "filthy rich." + +Demand skyrockets, nobody is selling, price goes up, up, up and does not stop. Many or most of us know this. But knowing something and actually being mentally prepared for something are two different things. Doesn't matter if it's your first MMO raid, getting into a fist fight, having your first kid, whatever - if you can't temper yourself and keep that adrenaline in check, it's just going to make things more difficult. + +Let's face it, if someone came along RIGHT NOW and offered you $50k for each of your shares, you (or at least 99% of us) would at least have to take a minute to think about that. That's pretty damn significant. That's life-changing shit. That's exciting. But it's not the way. + +Why accept the new Toyota Camry when you can wait a little and get that Lambo? Why take that entry-level job when you still have an interview for an executive position scheduled? Why move into that little apartment when you can get a big house in the middle of 10 acres? Why make a life-ruining criminal just pay a fine when you can see him sent to prison? + +Run through this shit in your head. Play it out. Imagine those numbers skyrocketing, and imagine the dips as well. It's a lot of excitement and adrenaline. But remember: You don't get off the damn rollercoaster until it's back in the station, otherwise you are definitely going to have a bad time - and probably ruin a lot of other people's day as well. + +The best investors out there (a la Buffett) are very clear that the people who actually make the most money in the stonk game are the ones that invest and then just leave most of it alone. So please, expect the rushes of excitement, fear, uncertainty, happiness, and work on making yourself mellow and zen. It's gotten us all this far, and this is just the beginning. + +I'm just making this post in the hopes that people see it and remember it when things start to kick off. HOLD for you, HOLD for the rest of us, HOLD, HOLD, HOLD, and remember that your fellow apes will be doing the same! + +Not financial advice blah blah fuck Citadel. +What's the point of a savings account when it gives me a fraction of the dividend my portfolio does? I think I've got a fair spread, but the numbers right now are small and the sooner I boost their numbers, the quicker it will compound. With my savings right now, I could probably double my shares. +Not at fatFire yet (see flair) but plan is to have a "snowbird" home in retirement to escape our current hellish winters. Would love to hear where you chose to buy your second (or third?) home, why you chose that location, how big did you go (compared to primary residence) and any lessons learned along the way. +**DISCLAIMER:** I've had multiple people reach out and request that I repost my original post from earlier this week with images contained in the body for better visibility. I apologize in advance if you've already seen/read the following post. + +It was also requested that I add links to may follow-up posts this week on the same topic: + +POST 2: [**Castleview Partners LLC - Funny Business tied to my recent post regarding BRK.A**](https://www.reddit.com/r/Superstonk/comments/uqzk68/castleview_partners_llc_funny_business_tied_to_my/) + +POST 3: [**BRK.A Funny Business Continued...**](https://www.reddit.com/r/Superstonk/comments/us74t1/brka_funny_business_continued/) + +POST 4: [**BRK.A - Funny Business Part 4 - NO WAY THIS IS AN ACCIDENT**](https://www.reddit.com/r/Superstonk/comments/utmwdu/brka_funny_business_part_4_no_way_this_is_an/) + +**Forward (About Me - First Time Poster)** + +Hi APES, this is my first post ever (post, comment, up/down vote, etc.), so be gentle (Mods, if I've used the incorrect post flair, let me know and I'll be happy to update). I have been a long-time lurker, since the sneeze. I created an account some months later, with the intent of posting when I felt I had something worth contributing. I’m a DRS’d APE and long time Holder/Hodlr. To say I’ve put my money where my mouth is would be an understatement. + +I’d consider myself a fairly intelligent, highly educated individual with a background in S.T.E.M. I own a S.T.E.M. based business. I do not have an accounting or finance background, and no formal education on the markets or market mechanics. I’ve learned a tremendous amount from this sub, and from all of you (for that I’ll forever be appreciative). My prior market education was from the school of hard knocks being a retail investor for over a decade. I have always felt the system was somehow setup/rigged against me. I felt “I’m not unintelligent”, but no matter what I bought, sold, held, or when I did such - every time seemed to be the wrong time. I always thought, there’s no way I can be this good at being wrong, no matter what I do. Spoiler alert, after this past year and a half of educating myself, I’m convinced the system is rigged (but that’s not what this post is about). + +Fast forward to the sneeze, and I knew there was something larger going on than just a brick-and-mortar company being the target of retail investors for a squeeze. At that time I started heavily digging into the financial markets, and events surrounding GameStop. I’ve migrated with you all through several sub migrations, have read all of the amazing DD (shout-out to DFV, [u/atobitt](https://www.reddit.com/u/atobitt/), [u/dlauer](https://www.reddit.com/u/dlauer/), Dr. T, and many others for pulling the curtain back for the common folk). I’ve literally been on the sub daily (I don’t think I’ve missed a day yet perusing) reading, researching, and watching theories and hypotheses on various topics present themselves and get peer reviewed by the great hive mind that is this sub. Aside from the bots and shills, there are a group of individual investors with diverse backgrounds who continue to display tenacity, moxie, and a true passion for being a light in a world of darkness. I’m happy to stand, as an individual investor, invested in a company I truly believe in, with Leadership I’d stand behind through any ups or downs, shoulder to shoulder with other individual investors making a similar independent decision to be a part of a company and team they believe in. + +Without further ado, the following are a few thoughts for consideration on things I’ve observed relating to BRK.A shenanigans (this is all my opinion and speculation and is in no way financial advice): + +**BRK.A** + +Someone postulated months back that price/volume spikes preceded GME runs. credit to [u/digitlnoize](https://www.reddit.com/u/digitlnoize/) + +Recently, [u/fastpath7](https://www.reddit.com/u/fastpath7/) provided a speculation/opinion post which shows back in 2021, around the time of the sneeze, artificial crash, and subsequent bounce back, that BRK.A’s volume by exchange radically shifted from being on lit markets, to being 90%+ off exchange (dark pools), and less than 10% on lit exchanges, and has remained that way ever since. + +[\(from their posts for reference - all credit to u\/fastpath7\)](https://preview.redd.it/u6c6voktdw091.png?width=1374&format=png&auto=webp&s=6c8521bf5de93c09a488a36ed79a340f8f720170) + +A similar recent post by [u/katarinawinemixer](https://www.reddit.com/u/katarinawinemixer/) provided a speculation/opinion post showing the volume significantly increasing during the same time period, and staying significantly higher ever since. + +[\(from their posts for reference - all credit to u\/katarinawinemixer\)](https://preview.redd.it/fbbhkfhvdw091.png?width=1374&format=png&auto=webp&s=d181f4c6aafe7d7f05156a891da1278d4f9d7c53) + +This really got me thinking, why would the volume spike (and stay elevated), as well as the off exchange trading? Then a light-bulb went on. Though this could also be related to swaps, or other instruments - I’m too smooth on the mechanics of these instruments to provide a definitive statement on how those could be used to also be driving this, but I propose the following more simplistic hypothesis for consideration: + +Hedge Funds, Family Offices and Other Financial Institutions had been heavily shorting companies into bankruptcy, then early 2021 rolls around. They get caught over exposed, stuck with short positions exceeding 100% of the float, and are starving for collateral to maintain margin due to the elevated price of the company’s stock. We know parties involved in the shorting of GameStop had collateral issues (as evidenced by the $2.5 billion dollar bail out, I mean loan, by a Hedge Fund and Market Maker to an over Exposed Hedge Fund). Perhaps the events surrounding Archegos blowing up could’ve also been interwoven. The buy button was turned off because GameStop posed an idiosyncratic risk to the financial system. The smaller dominoes were beginning to fall, and it ultimately would have resulted in the failure of much larger dominoes had crime not stepped in to stop the inevitable. + +https://preview.redd.it/9b0m6xcxdw091.png?width=1372&format=png&auto=webp&s=d1c747927dbe7f265ace329d49728b7a416cf3b6 + +**Now for the thought experiment (hot potato):** + +Say there are three (3) firms (certainly more have been involved?), and they are starving for collateral. Someone buys a significant amount of BRK.A (on a date around the time in graph above with volume skyrocketing around the time of sneeze). It has been mentioned by others previously that BRK.A is considered pristine collateral. It’s also been theorized that collateral from BRK.A can be leveraged at large multiples. So, for this thought experiment, these “three” firms have a collective vested interest in no one of them failing, as any one of them failing will start a chain reaction (dominoes falling) ultimately causing them all to fail. They quickly get together and collaborate to try and ensure none of them fail. Say Party A needs collateral, and Party B bought or holds the significant BRK.A position noted above. Party B makes an agreement to “sell” Party A their BRK.A off-exchange (ie: they transfer all or a portion of the position), to satisfy Party A’s margin call or collateral requirement. Then Party C gets a margin call, Party A transfers to Party C, then B gets called, C transfers to B, and so on. All of this off exchange activity shows up as volume of shares being traded (as it has to get reported I believe), and the off exchange volume shoots to 90%+ because a huge amount of volume is changing hands playing hot-potato to avoid margin calls and meet collateral obligations. The normal volume and normal lit exchange activity may or may not have changed a whole lot from pre 2021, but is being “washed out” by the magnitude of off-exchange hot-potato activity that is occurring, potentially on a daily basis, to meet collateral obligations. This could potentially explain the spike in daily volume as well as the percentage of off-exchange trading occurring. + +**Additional Funny Business:** + +When looking at BRK.A’s volume, it’s hard to not notice that there is a large volume spike at 9:00am (EST) every day as indicated below. + +https://preview.redd.it/vhxp7moydw091.png?width=1372&format=png&auto=webp&s=1b3129eb6790765df38141b50817d1eac415f84d + +**Funny Business Continued...** + +According to recent 13F’s, Castleview Partners, LLC is the largest BRK.A shareholder at a whopping (I’m sure it’s just another “glitch”) **9,914,564** shares, or $4.6 TRILLION dollars as of Friday’s close at $465,011 per share. Let me repeat that; they have a reported **9,914,564** share position in BRK.A. + +https://preview.redd.it/hq68qsuzdw091.png?width=1408&format=png&auto=webp&s=3cb41ba771886a264cbd65282ec59866d3d6b7e0 + +From SEC.gov + +https://preview.redd.it/7o5opcb1ew091.png?width=1392&format=png&auto=webp&s=ede19dfbf5d2545f9229bef83274f98416201890 + +2nd largest BRK.A holder according to recent 13F’s Royal London Asset Management LTD at a whopping **864,132** shares, or $401.8 Billion dollars as of Friday’s close at $465,011 per share. For those of you in the back, again, that was **864,132** shares!! + +https://preview.redd.it/sd1m9dw2ew091.png?width=1404&format=png&auto=webp&s=abf7222cf730ff0c1a55cde6008698f6dfe1ae37 + +Through various financial sites, BRK.A appears to have around 1.5M shares outstanding and a total Market cap of $684 Billion. Assuming this is accurate, Castleview Partners LLC has more than 6x available shares and Royal London Asset Management LTD has 2/3 available shares and Market cap? There certainly appears to be some major funny business occurring here. The Castleview position was reported Feb 17, 2022 (the entire position was new), and Royal London was reported May 13, 2022 (99%+ of the position was new). Glitch or Crime, tomato / toe-mah-toe. + +As others have previously stated and commented, I certainly think there is funny business occurring in BRK.A, and I think it is directly related to events occurring with GME. I will continue to dig, and I encourage others to do so. + +As a final note, in the event Ryan Cohen reads this post - Thank you for being who you are, and standing for what is right! You’ve earned my full trust and support, and I’ll happily support you and the team in any way I can! (Hat tip) + +Though new to the sub, I also want to give a shout-out to [u/RealPulte](https://www.reddit.com/u/RealPulte/) for who you are and what you are standing for as well. I’m blessed to be in the presence of other like-minded APES! + +P.S. I hear if you say [u/RealPulte](https://www.reddit.com/u/RealPulte/)’s name 3 times, he appears. Pulte, Pulte, Pulte? + +**TLDR:** + +* I’m an APE and truly appreciate you APES. +* BRK.A appears to have unarguable funny business surrounding it, that I can’t help but believe is directly related to GME as others have postulated. +* BRK.A has obvious 9am (EST) large daily volume spikes. +* BRK.A has very strange, recently reported 13F data (shares that exceed total shares outstanding, many times over - from one reported holder). +* Ryan Cohen and Company are second to none! +I have moved from America to the UK with a work visa. I've been working now for 3 months and checking every month or so if I can get a credit card but I keep getting rejected. + +I've tried very low limits and high interest cards but nothing works. + +What can I do since I have regular income but I have no other history in the country +I'm looking for some podcast recommendations. Specifically, macroeconomics/US economy and segment oriented deep dives. What I don't want is specific stock analysis or anything in that vein. Ideas? + +Edit: TY all. I now have enough material to listen to until I die. +Apple ([AAPL](https://finance.yahoo.com/quote/AAPL?p=AAPL&.tsrc=fin-srch)) reported its Q3 2020 earnings on Thursday, providing investors and analysts with a more fuller look at how deeply the coronavirus pandemic has impacted the company’s sales over the past several months. + +These are the most important numbers from the report compared to analysts’ expectations as compiled by Bloomberg. + +* **Revenue:** $59.69 billion versus $52.3 billion expected +* **Earnings per share:** $2.58 versus $2.07 expected +* **iPhone revenue:** $26.42 billion versus $30.9 billion expected. +* **Services revenue:** $13.2 billion versus $13.1 billion expected +* **Accessories:** $6.5 billion versus $6.1 billion expected + +Apple’s earnings come just a day after CEO Tim Cook sat before the House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law to answer accusations that the company abuses its market power to [stifle competition in the Apple App Store](https://finance.yahoo.com/news/apple-ceo-tim-cook-hit-with-questions-on-app-store-dominance-during-antitrust-hearing-224150894.html). + +The company’s Q3 report, however, hasn’t been much of a focus for analysts, as much of the conversation about Apple has revolved around the tech giant’s upcoming launch of its iPhone 12. The next-generation iPhone is expected to be Apple’s first 5G-capable device and could lead to a so-called “super cycle,” during which the company would see a larger than normal uptick in iPhone sales. + +The idea is that consumers who have held on to their devices for several years will jump at the chance to get a new iPhone with a new form of cellular connectivity that promises dramatically increased data. + +But with consumer personal consumption spending in Q2 [falling a whopping 34.6%](https://finance.yahoo.com/news/q2-gdp-us-economy-coronavirus-pandemic-consumer-171558880.html) due to COVID-19 shutdowns, and more than [50 million Americans out of the workforce](https://finance.yahoo.com/news/jobless-claims-week-ending-july-25-123150219.html), investor hopes of a massive uptick in year-over-year iPhone sales in the coming quarters may not be in the cards. + +&#x200B; + +[https://finance.yahoo.com/news/apple-q3-earnings-2020-203224360.html](https://finance.yahoo.com/news/apple-q3-earnings-2020-203224360.html) +Guys, + +something i really feel like a lot of people do not understand, the marketplace itself has the potential to make Gamestop skyrocket in value as a company and directly your own bag if you have a purple circle. + +&#x200B; + +They didnt just give us a market place, they gave us a tool - which is not just a blunt tool to have insane impact on the value of company you love (besides stocks,duhh), its also part of the future and web3. I´d guess only like 15% of you guys really understand the gravity of NFT´s and the future use cases, i spent a couple thousands hours in crypto and do it for a living and i cant believe how lucky i am to be on this boat. + +I personally feel like i have *MICROSOFT* stock in the early days (that will also squeeze so hard that Ken never eats mayo again), this is all is so much better than you possibly can think. You need to understand that if this thing gets traction and they start to hammer out AAA partnerships and or even further use cases of NFT´s this is gonna be a big part of their business, maybe this grows so large the store is literally just merch/hardware for the GIANT GME. All other stuff is on the blockchain, and ***you OWN*** it. And if you decide to sell it, you can do it, everyone profits. + +&#x200B; + +The vision behind this is genius, all these Boomer like the mad man Cramer hear NFT and laugh, because they are ignorant, uneducated in crypto and in general dinosaurs (like Munger, dude is so old the candles cost more than the birthday cake, if I need advice on a printing press i´ll fax him) Like in every generation happens some kind of revolution, this time it seems its all about ***decentralization*** and I AM a part of it. Cutting middle men and creating a whole new enviroment for artists, devs etc. This is so huge, this is the defintion of ***POWER TO THE PLAYERS***. + +&#x200B; + +I just wanted to share my thoughts and my incredible hype i have, i feel very blessed to be a part of all that merely because somehow a man with a red headband and a man with the goggly eyes had a dream and this message reached me through some of you guys. Its been a long time and a rough sea for some of us, motivation faded for me a bit but MAN this brought *FIRE* in my blood connecting the dots. + +**I am** a proud investor in a future tech company that is on a road of absolute domination in the most interesting sector in ***ALL of business*** right now, with the smartest community and customers and a monster leadership with insane partners. + +&#x200B; + +I want to use this new platform as much as i can, getting familiar with it so im ready for everything thats coming. I really try to get my hands on the stuff that is launched already, I think all that stuff there is already iconic (to me its like an alpha collection) + +&#x200B; + +Imagine **steam** launching but you can participate in the growth via the platform and you own steam stock...uhm ok im bullish. And using the platform pumps your own bag? Yeah ok. At certain levels we squeeze to Neptun and back? Ok im listening. Like what more do you need to feel blessed to have this opportunity? + +&#x200B; + +***And for the smoothbrains, yes DRS is de way BUT if your fat ass skips 3 fast food meals a month you got some powder left (its like buying at the physical store, is this FUD lol?)*** + +&#x200B; + +**I** used **I** very often so its clear that im speaking for myself, i do not advice anyone to buy anything cause i dont give a shit, all of you forge your own future with your decisions and the last thing an autist should give is advice so this not financial advice. Strangers sharing ideas on the internet, isnt web2 beautiful? Imagine what web3 can do. + +If you are not doing it already, i hope you wake up happy every morning for being at the right place at the right time being part of this journey, which in the future will reap its rewards. + +&#x200B; + +Cheers to all of you soldiers writing DD and explaining to us smooth brains, kudos! You pave the way for a new era. + +&#x200B; + + **↑↑↓↓←→←→B A START** +My roommate has asked that I pay the gas bill since I WFH, while they'll be heading into the office from 9-5. Before this, they were home with me, day to day. + +Our gas bill was quite high this month ($240), which they attribute to me using the heat often (which I do, because it's cold). My gas bill in this apartment from last year was also around the same amount ($233), so YoY gas usage has not increased by much, however, I was living with a different roommate at that time, so to my current roommate, this comes as a shock. + +My roommate quit their corporate job and took a leap of faith to work in the creative industry, so they've been very mindful about money/spending. I get this, but also don't think it's fair that these shared living costs get passed off to me. I also furnished the entire apartment and haven't asked them to pay more in rent, despite them using my furniture/utensils more than I do, if I'm being honest. + +Lastly, we get charged a flat flee for utilities, regardless of whether we use the service or not. + +EDIT: this is getting quite a bit of attention and most of my responses seem to be getting downvoted to hell (which is fine!) but do note that i appreciate the advice given here. i will likely just stop using the heat all together throughout the day, and opt to get a heated blanket. it feels petty to lean into this nickel and dime arrangement and i'd rather not set that precedent moving forward. +Looking at historical commodity prices, every time we've had high inflation in the past, gold and silver have shot up. It makes a certain sense, as their value is essentially static, so when currency loses relative value, then they should go up, at least in dollars. + +Why is this not happening now? The low-hanging fruit answer would be that CPI (which doesn't care about precious metals, and only measures things that people actually need, like food and housing) increases are in fact due more to supply shortage than excess demand. + +If investors really were afraid of runaway inflation, wouldn't they be at least partially putting money into such historically safe inflation hedges? But gold is barely up since we started seeing high inflation (March '22), and silver is actually down. + +I would love to hear some well-informed economic theories about why today's inflation spike is bucking the trend that has been pretty steady over the past century. + +No political talking points, please. +I wasn’t planning on sharing this however with everything going on in the sub I think it’s best if I do to help people come to their own conclusions. + +A couple months ago I bought 2 call options with $200 strike prices expiring on the 18th of Feb. The main reason behind me buying these calls was because people on the sub who were pushing options were so sure that we would see a significant price movement upwards towards the middle/end of February that it convinced me I could make a nice profit to buy more shares.. well as you all know that didn’t happen and I lost out on $2500 I could of otherwise used to pick up additional shares.. + +I don’t blame anyone but myself because I knew the consequences of my actions and I knew there was a possibility I could lose my money. With that being I personally won’t be buying call options anymore. One because I don’t fully understand them and two because every time a TA guy or DD guy posts something about a significant price movement 9/10 times nothing happens. Again I don’t blame these guys because GME is a crazy stock and goes all over the place but I will say that if it wasn’t for them preaching options so much I wouldn’t have bought them. + +Take this as you will but I hope if anything you’ll learn from my mistakes and won’t invest in something you know little about regardless of how much others on this sub preach options. Again I have nothing against options and I do believe that people who know how to use them should use them if they choose, but don’t push them on people who don’t know much about them. All it will cause is more money lost in premiums to our beloved Kenneth instead of more DRS’d shares. + +With all that being said fuck all the FUD, remember why we’re here and I’ll see you crazy apes on the moon 🦍🚀 + +Edit: Lmao for those of you saying I’m trying to shill come on now. I literally said if you know how to use options and they can help us out then use them at your own risk! I don’t know how to use options and because of that I lost a good amount of money. My mistake no one else’s but because of that I won’t be buying anymore. Maybe in the future if I LEARN about them but for now I ain’t fucking with them. I’m not anti options or anti DRS I’m pro GameStop. That’s it. I’ll see y’all on the moon 🦍 +Why does he feel the need to take time out of his day to tarnish bitcoin? Is it just a celebrity/important person thing to take it upon themselves to vocalise their opinion, or does he have some kind of incentive for doing this? +2018 was supposed to be the year of the STO (Security Token Offering). Real estate, agriculture, stocks, just about any asset can be digitized and issued using the blockchain. Unfortunately at that time, the world was not quite ready for this revolutionary and disruptive technology. Fast forward the clock several years to today, and now the regulatory and technological roadblocks that once hindered these projects are now clear. Countries are becoming more progressive towards cryptocurrency and are ready to utilize it with a real and legitimate use case on the blockchain. + +Below, is a quick look at 3 projects hanging around from 2018 that are now ready to revolutionize the industry. + +&#x200B; + +**Smartlands (SLT)** + +This is a small cap gem that has huge growth potential. The Smartlands platform will be going live very soon, and is currently in negotiations with several JV's and HNWI's about potential projects to launch on their platform. (The CEO is also currently in negotiations with a Tier 1 exchange.) Smartlands leverages blockchain technology to reduce cost of upwards 50% to entrepreneurs raising funds, companies digitizing and issuing their assets on the blockchain, and fund managers who want to digitize their funds for investors. This platform uses the Stellar network, which utilizes the Stellar Consensus Protocol to efficiently verify transactions on the blockchain. The SLT token will be used to pay for fees on the platform, and 33% of fees received will go back to SLT owners who have their tokens staked. This project is one to keep an eye on and has great potential ROI in relation to it's current market cap. + +Max Circulating Supply Only 7.1 millions Tokens + +Market Cap 33 Million + +Current Price $6.54 + +&#x200B; + +**Polymath (POLY)** + +Polymath is another platform that can be used to create, issue, and manage assets on the blockchain. The Polymath network is a decentralized platform, and the POLY token is its utility token. This token can be staked and is used as "Fuel" to run transactions interact with smart contracts on the network. Polymath's all time high was $1.56, and is still a way off from its current price, so it should have some good growth potential there. The Polymath network is set to go live with Polymesh at the end of March and is readily available on most exchanges. + +Max Circulating Supply 1 Billion Tokens + +Market Cap 260 Million + +Current Price $.43 + +&#x200B; + +**Ravencoin (RVN)** + +Ravencoin is a digital peer to peer network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. RVN is actually a fork on the bitcoin code and has been around since January 3rd, 2018. It utilizes POW (Proof Of Work) to verify and initiate the transfer of assets on the blockchain. RVN has been on quite the run lately, and in over a little over a month it has gone from $.07 to $.18. + +Max Circulating Supply 21 Billion Tokens + +Market Cap 1.5 Billion + +Current Price $.18 + +&#x200B; + +I wanted to keep it short and concise on each project, but to do it real justice I would need to write a lot more information. These projects will are poised to do really well because they have a real use case that is ready to be unleashed. Please feel free to comment below about anything I left out or about exciting things that are coming up on the projects listed! + +El Salvador's best investment was president Bukele buying the dip this year! + +I know the amount of controversy surrounding the situation in El Salvador and their adoption of Bitcoin! + +But it’s just been over 1 month since it took place and it’s already 43% up, I really hope the people didn’t spend the 30$ they got from the chivo app! Because btc is now up 43% which is huge percentage for any kind of investment! + +I really do hope they also get the education because now I don’t want them to keep on buying with all their savings and then later in the dip they lose them all.. so yeah education is key and I hope El Salvador educated it’s citizens properly! + +Countries slowly shall adopt crypto so better keep stacking before they buy it all ! :) +&#x200B; + +||2015|2016|2017|2018|2019| +|:-|:-|:-|:-|:-|:-| +|[BB.TO](https://ca.finance.yahoo.com/quote/BB.TO?p=BB.TO) stock price end of year|12.84|9.24|14.04 1|9.71|7.36 (-30.84% compare to start of 2019)| +|John S. Chen/Executive Chairman of the Board and Chief Executive Officer|3,420,682|3,011,325|3,017,095|3,013,500|109,579,950| + +Edit: He own 5,320,923 shares which is worth 39,268,411.74‬ CAD today. At least he is not selling. + +Edit: Found the contract. apparently he would have made more if the stock would reach 16 CAD. + +[https://fortune.com/2018/03/15/blackberry-ceo-pay-john-chen/](https://fortune.com/2018/03/15/blackberry-ceo-pay-john-chen/) + + Under the [new contract](https://globenewswire.com/news-release/2018/03/15/1437995/0/en/BlackBerry-and-John-Chen-Agree-to-Contract-Extension.html), Chen is entitled to the same $3 million salary and bonus per year as his prior contract, or a total of $15 million. He also gets 5 million restricted stock units that vest 20% per year and another 5 million units that will vest if BlackBerry’s stock price reaches $16 to $20. The 10 million units are worth $132 million at Thursday’s midday price and could be worth even more if the stock keeps rising. Chen will get an additional cash award of an undisclosed amount if BlackBerry’s stock hits $30. (The amount will be disclosed in May securities filing, the company said.) +Curious if there’s a big difference in how larger portfolios should be handled… + +Is the approach very different? + +On a bigger portfolio, does it still make sense to just buy an all-in-one ETF and keep things really simple? + +What are some things you’ll want to keep in mind if you’re dealing with larger amounts? +Hi. +My company does RRSP matching so I have been taking advantage of that. And I noticed that it’s just cash sitting in my RRSP account. Looks like there are a list of investements that I can choose to invest. Anyone recommend investing with Manulife investing options? +I just bought a duplex last September. I moved into one unit and the other unit had an inherited tenant. They moved out last week and I wanted to get contractors out to fix up a few things before I get new tenants, as I only plan to live here a year, after which I'll be an out of state owner with less ability to keep a direct eye on the place. + +So far, most of the estimates I have received are calling for total replacements. The deck guy says I need a new deck, the roof guy says I need a new roof, the HVAC guy says I need a new HVAC. Their bids add up to tens of thousands. Now before you say that I probably do need all those things, I had a home inspector write up a report during the due diligence phase. He wrote things like "the deck has a couple loose boards, I recommend calling a qualified contractor to make any necessary repairs", or "there are a couple of nail pops on the roof, I recommend asking a qualified roofer to evaluate and repair as needed." + +Now, I am not against full replacements if they are warranted, but it got me thinking. How do I know if any of them are telling the truth? They stand to make a lot more money off me if I let them do a full replacement rather than just a repair, even if a repair was all I needed. And I'm no expert so I wouldn't know anyway. + +I used to have the same issue at the mechanic if my car had a problem, so I would go home and youtube the problem and find out that a job he quoted me $1300 to fix is really just a $350 part that you can get on ebay or amazon and install yourself with a screwdriver. But I can't read up on HVAC systems and roofs and decks all in the next week or two when I want to start showing the place to new tenants. + +How do you guys know when your contractor is advising too much work? Do you just get three bids and if they all advise a full replacement, you just hand them your $10,000? I could easily see multiple contractors playing the same game here, so multiple copies of the same advise doesn't make me feel much better about it. And I'm pretty new/alone in this business, so I can't get references from any friends/family. +Am I the only one!? I list a new rental unit on Zillow - within a couple of hours I have a few of the generic "I'm interested in this property please contact me about a time to see it." I respond VERY quickly ( within 15-45 minutes, on average) and say something like, "Thanks for your interest - happy to set up a time to show it to you, please let me know when would be most convenient. Also, if I can provide any other information or answer any questions I'm happy to do that too. Thanks" And...... + +\*crickets\* + +I'd say fully half those people I never hear from again. And it's not just the first few - throughout the time I have the listing posted I'd say that consistently happens. What am I missing?! Why did you reach out if you weren't actually interested?? Do others experience this?? Thanks for any insight... +My fiancé and I have been back and forth trying to figure out what material we are going to use in our first rental we are closing on. We have been leaning toward Vinyl- but can’t determine if the locking or peel and stick would be the way to go. And of course the flooring departments always try to win us over on going with the laminate. In your experience what is the best material that stands up for the price? +Hi all, + +As the title mentioned, we had a tenant abandon one of our commercial strip centers this past weekend. The tenants lease was set to expire in April of 2020. The aforementioned tenant was in default of their lease due to being behind approximately 2 months back in rent. + +We’ve been extremely lucky with tenant retention on our other properties and this is the first occurrence of tenant abandonment we have faced. I have a few questions on how to proceed: + +1) We required a personal guaranty be offered on the lease in order to mitigate risk. The PG was an acquaintance of the tenant. Should we pursue the PG (tenant is ignoring phone/text/email)? If so, are they responsible for the total term of rental payments or until the space is leased back up? + +2) Should we pursue this with the process of eviction with the county? + +3) Should we take this to small claims court if both the tenant and PG avoid communication with us? + +Thanks, I look forward to everyone’s answers. Any insight will be extremely beneficial. +The Fed can raise interest rates to infinity in lock step with rising prices to tame inflation when they want. This Fed power is far more effective than money printing. Right now, they *want* asset inflation, which through a wealth effect, stimulates aggregate demand. Powell doesn't want or need to spook markets. Markets obey him. + +The lessons from the 18/19 market tantrums, Europe after the 08 crisis, and Japan's lost decade were that stagflation (moderate inflation, rolling recessions) has a gravitational pull. It is better to risk moderately higher average inflation in the short to medium term to reach escape velocity. + +Current sources of inflation are tied to asset inflation (housing inputs) and only seem dramatic in the the short to medium term. The Fed is comfortable with this because they want the wealth effect from asset inflation. This will make people feel rich so they spend freely as COVID goes away. + +Also, the Fed has orders of magnitude more data and gets it at speeds that were unimaginable four decades ago. Why four decades? That's how long it's been since we had an inflation problem! + +The Fed will coast or feather the brake pedal to slow down, instead of stomping down on repurchases. They've learned how to do so from the 2018/2019 market tantrum. The Fed is correct to be much more concerned about escaping stagflation. + +ELI5: Basically all the stocks that have crashed because the companies don't generate free cash flow will go up again. Market is about to do a headfake. +I'm 37. I started trading when I was 15 on a Sharebuilder account. It's been a long journey since then. + +I've told this story before. But now that we're wrapping up 2022, I finally regard myself as a "successful" trader. My trades net me more money than they cost me. It's as simple as that. + +One thing that I thought I needed to be successful as a day trader was to trade every single day. Turns out, that's far from the case. I thought the real money in day trading was scalping every nickel I could off of SPX. There are people who can make a good living doing that, there are people who enjoy that more than anything. But that's not me. + +I can list all my trades going back to June on all 20 fingers and toes, tell you exactly why I took those trades, and the result of those trades. I out of 18 trades, 1 was a wash and 3 were losers. Those were all day trades. + +I wish I could go back in time and tell a young /u/shittystockpicker that you don't need to trade everyday to be a day trader. You need to work everyday, that's for damn sure. But you don't and shouldn't make a trade every day. + +**My Setup:** +1: Use technical analysis to determine, in the words of Jesse Livermore, "the line of least resistance". + +2: Look for a news event that will trigger a major move in the direction of the line of least resistance + +3: Plan out the trade + +4: Execute the plan + + +That's it. It's not really a technical pattern. However, I should note that I rely heavily on technical analysis. +Hey guys I’m just starting into day trading. My biggest problem right now is that I’m not finding winning stocks and I’ve lost a decent amount of money. How do traders find stocks that are going to go up or are in a uptrend. As of now, I’m using a scanner on TOS, but it keeps finding stocks that have already reached their highs or are past their hype. +There is nothing wrong with a person doing what they please with their money. That’s the whole point of having decentralized cryptocurrency. If someone wants to have 80% of their portfolio in the big dogs and 20% in SHIB, who cares? The righteousness of this sub is boring. Do you, and let everyone else do them. +As the title suggests, I ran into a boon (or a curse) and inherited a great deal of land in East Georgia. + +I'm not sure what I can start doing with this land to have it start making money for me a year or so from now, so I'm asking for some guidance. From what I've seen, it's undeveloped. The entrance is on a paved road about 5 minutes from a charter school and some residentials, 10 minutes from a major highway, 7 minutes from an energy cooperative. Nothing else strikes any interest really, I believe two ponds are located on it and bunch of forest. Reception stinks out there as well. + + +What do I do to make this plot into a mcchicken generator? +Worried that PLTR too expensive to own now? No need to worry. The IV expanded so much (110% to 165%+), the 20 or 21 puts for Dec/Jan (monthlies) are still the same if not more. Bank on 10%+ gains and if in case stock did fall to 20, you got the ticket to the moon again. enjoy and Happy Thanksgiving guys n gals. + +&#x200B; + +Positions: 20x Jan15 CSP $21 $2.60 ea. +Hello gents, + +I have been selling a CSP against SPY since the start of the year. + +I initially wanted to wheel, but found that I much prefer just to have my CSP, and each week, roll it out for credit to maintain it in the 30-45 DTE day range. + +My approach has worked so far and I've collected a good amount of premium which I want to use to start another Theta play. + +My initial though was to set up a put credit spread which to an extent would simulate a CSP with a lower collateral requirement, however from the reading I have done, rolling out a position that has gone against me isn't very easy without adding additional risk. + +Any suggestions on how best to deploy my profit - circa $1k and hopefully growing. + +Thanks +What are your go-to strategies for defending a PMCC when price is falling? Case in point: I have a PMCC going for SPY that I initiated back in January 2022 (bought a call expiring in January 2023 that was deep in the money, been selling calls with 11 DTE on a bi-weekly basis above my cost basis breakeven). With the recent market volatility and decline, it’s been difficult to continue selling above my cost basis. What’s the best thing to do in this scenario? +Im pretty new to options since i only trade forex, and from what i learned you need a huge capital to be part of the theta gang, is there any way a poor man like me could join the gang :(( ,,, i'm so poor im talking about less than a thousand balance +Read up on the history of silver being hoarded by JP Morgan. From my understanding, they’re effectively making money from this by consistently adjusting their short position while accumulating physical silver. They have the largest supply of physical silver. The SLV etf is actually tracking JP Morgan’s silver that is held in London. Make no mistake about it: those options chains on SLV (thousands of options on a daily basis) are controlled by Dimon and his crew. The most simple and effective way of making money weekly from this is buying the 100 shares of SLV, selling the call and simultaneously selling the ATM cash covered put. Given my hesitancy with the virus right now, I will most likely throw all of my portfolio at this for a couple of weeks and see how it works. And yes, I’ll buy some FD puts to protect my downside, but I have JP Morgan on my side. If silver prices drop so will JP Morgan by the looks of it. +Edit: some folks are confused as to how JP Morgan and other banks are making money off of this. Theory 3 in this summary explains it quite succinctly: http://www.financialliteracybook.com/while-many-financial-experts-claim-that-silver-as-money-is-a-barbaric-relic-from-150-years-ago-jp-morgan-has-amassed-a-stockpile-of-at-least-700-million-ounces/ +CAIN: I don’t have facts to back this up, but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama administration. Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself! [...] It is not someone’s fault if they succeeded, it is someone’s fault if they failed. + +Mr. Cain, here are some tenants of economic theory and arguments opposing your flawed line of logic. + +**Minimum Wage and Unemployment** + +"An analysis of supply and demand of the type shown in introductory mainstream economics textbooks implies that by mandating a price floor above the equilibrium wage, minimum wage laws should cause unemployment.[65][66] This is because a greater number of workers are willing to work at the higher wage while a smaller numbers of jobs will be available at the higher wage.[65][66] Companies can be more selective in those whom they employ thus the least skilled and least experienced will typically be excluded.[65][66] + +According to the model shown in nearly all introductory textbooks on economics, increasing the minimum wage decreases the employment of minimum-wage workers.[67] One textbook says: + +If a higher minimum wage increases the wage rates of unskilled workers above the level that would be established by market forces, the quantity of unskilled workers employed will fall. The minimum wage will price the services of the least productive (and therefore lowest-wage) workers out of the market. ... The direct results of minimum wage legislation are clearly mixed. Some workers, most likely those whose previous wages were closest to the minimum, will enjoy higher wages. Others, particularly those with the lowest pre-legislation wage rates, will be unable to find work. **They will be pushed into the ranks of the unemployed or out of the labor force."**[68] + +It seems more aptly so that Occupy Wall Street protesters act out of disgust for inequality. + +**Capitalist Inequality** + +"Critics argue that capitalism is associated with the unfair distribution of wealth and power; a tendency toward market monopoly or oligopoly (and government by oligarchy); imperialism, counter-revolutionary wars and various forms of economic and cultural exploitation; repression of workers and trade unionists, and phenomena such as social alienation, economic inequality, unemployment, and economic instability. Critics have argued that there is an inherent tendency toward oligolopolistic structures when laissez-faire is combined with capitalist private property. Capitalism is regarded by many socialists to be irrational in that production and the direction of the economy are unplanned, creating many inconsistencies and internal contradictions and thus should be controlled through public policy.[29]" + +"In the early 20th century, Vladimir Lenin argued that state use of military power to defend capitalist interests abroad was an inevitable corollary of monopoly capitalism.[30]" + +Che Guevara wrote: + +The laws of capitalism, which are blind and are invisible to ordinary people, act upon the individual without he or she being aware of it. One sees only the vastness of a seemingly infinite horizon ahead. That is how it is painted by capitalist propagandists who purport to draw a lesson from the example of Rockefeller — whether or not it is true — about the possibilities of individual success. The amount of poverty and suffering required for a Rockefeller to emerge, and the amount of depravity entailed in the accumulation of a fortune of such magnitude, are left out of the picture, and it is not always possible for the popular forces to expose this clearly.... **It is a contest among wolves. One can win only at the cost of the failure of others.**[31] + +**Influence of Property** + +"Pierre-Joseph Proudhon and Friedrich Engels argue that the free market is not necessarily free, but weighted towards those who already own property.[10][48] They view capitalist regulations, including the enforcement of private property on land and exclusive rights to natural resources, as unjustly enclosing upon what should be owned by all, forcing those without property to sell their labor to capitalists and landlords in a market favorable to the latter, thus forcing workers to accept low wages in order to survive.[49] In his criticism of capitalism, Pierre-Joseph Proudhon believed that the emphasis on property is the problem. He claimed that property is theft, arguing that property leads to despotism: "Now, property necessarily engenders despotism—the government of caprice, the reign of libidinous pleasure. That is so clearly the essence of property that, to be convinced of it, one need but remember what it is, and observe what happens around him. Property is the right to use and abuse." + +Mr. Cain, if you were unaware, money is scarce, and is made scarce by governments and oversight entities. This tenant alone, is reason enough for financial inequality, in virtually every system of government utilizing a monetary system. Because money is scarce, jobs will also become scarce. Many of those that are unemployed can blame the flawed system. + +------------------------------------------------------------------------------------------------------------ +(10) Engels, Frederick. "Historical Materialism -- Socialism: Utopian and Scientific" + +(29) Brander, James A. Government policy toward business. 4th ed. Mississauga, Ontario: John Wiley & Sons Canada, Ltd., 2006. Print. + +(30) Vladimir Lenin. "Imperialism: The Highest Stage of Capitalism". http://www.marxists.org/archive/lenin/works/1916/imp-hsc/index.htm + +(31) "Socialism and Man in Cuba" A letter to Carlos Quijano, editor of Marcha, a weekly published in Montevideo, Uruguay; published as "From Algiers, for Marcha: The Cuban Revolution Today" by on March 12, 1965 + +(48) Proudhon, Pierre-Joseph. "What Is Property? An Inquiry Into the Principle of Right and Government" + +(49) D'Amato, Paul (2006). The Meaning of Marxism. Haymarket Books. pp. 60. + +(65) McConnell, C.R. and S.L. Brue, Economics, Irwin-McGraw Hill, 1999, 14th ed., p. 594. + +(66) Gwartney, J.D., R.L. Stroup, R.S. Sobel, and D.A. Macpherson, Economics: Private and Public Choice, Thomson South-Western, 2003, 10th ed., p. 97.] + +(68) David Card and Alan B. Krueger, Myth and Measurement: The New Economics of the Minimum Wage, Princeton University Press, 1995, pp. 1, 6-7. + +CAIN: I don’t have facts to back this up, but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama administration. Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself! [...] It is not someone’s fault if they succeeded, it is someone’s fault if they failed. + +Mr. Cain, here are some tenants of economic theory and arguments opposing your flawed line of logic. + +**Minimum Wage and Unemployment** + +"An analysis of supply and demand of the type shown in introductory mainstream economics textbooks implies that by mandating a price floor above the equilibrium wage, minimum wage laws should cause unemployment.[65][66] This is because a greater number of workers are willing to work at the higher wage while a smaller numbers of jobs will be available at the higher wage.[65][66] Companies can be more selective in those whom they employ thus the least skilled and least experienced will typically be excluded.[65][66] + +According to the model shown in nearly all introductory textbooks on economics, increasing the minimum wage decreases the employment of minimum-wage workers.[67] One textbook says: + +If a higher minimum wage increases the wage rates of unskilled workers above the level that would be established by market forces, the quantity of unskilled workers employed will fall. The minimum wage will price the services of the least productive (and therefore lowest-wage) workers out of the market. ... The direct results of minimum wage legislation are clearly mixed. Some workers, most likely those whose previous wages were closest to the minimum, will enjoy higher wages. Others, particularly those with the lowest pre-legislation wage rates, will be unable to find work. **They will be pushed into the ranks of the unemployed or out of the labor force."**[68] + +It seems more aptly so that Occupy Wall Street protesters act out of disgust for inequality. + +**Capitalist Inequality** + +"Critics argue that capitalism is associated with the unfair distribution of wealth and power; a tendency toward market monopoly or oligopoly (and government by oligarchy); imperialism, counter-revolutionary wars and various forms of economic and cultural exploitation; repression of workers and trade unionists, and phenomena such as social alienation, economic inequality, unemployment, and economic instability. Critics have argued that there is an inherent tendency toward oligolopolistic structures when laissez-faire is combined with capitalist private property. Capitalism is regarded by many socialists to be irrational in that production and the direction of the economy are unplanned, creating many inconsistencies and internal contradictions and thus should be controlled through public policy.[29]" + +"In the early 20th century, Vladimir Lenin argued that state use of military power to defend capitalist interests abroad was an inevitable corollary of monopoly capitalism.[30]" + +Che Guevara wrote: + +The laws of capitalism, which are blind and are invisible to ordinary people, act upon the individual without he or she being aware of it. One sees only the vastness of a seemingly infinite horizon ahead. That is how it is painted by capitalist propagandists who purport to draw a lesson from the example of Rockefeller — whether or not it is true — about the possibilities of individual success. The amount of poverty and suffering required for a Rockefeller to emerge, and the amount of depravity entailed in the accumulation of a fortune of such magnitude, are left out of the picture, and it is not always possible for the popular forces to expose this clearly.... **It is a contest among wolves. One can win only at the cost of the failure of others.**[31] + +**Influence of Property** + +"Pierre-Joseph Proudhon and Friedrich Engels argue that the free market is not necessarily free, but weighted towards those who already own property.[10][48] They view capitalist regulations, including the enforcement of private property on land and exclusive rights to natural resources, as unjustly enclosing upon what should be owned by all, forcing those without property to sell their labor to capitalists and landlords in a market favorable to the latter, thus forcing workers to accept low wages in order to survive.[49] In his criticism of capitalism, Pierre-Joseph Proudhon believed that the emphasis on property is the problem. He claimed that property is theft, arguing that property leads to despotism: "Now, property necessarily engenders despotism—the government of caprice, the reign of libidinous pleasure. That is so clearly the essence of property that, to be convinced of it, one need but remember what it is, and observe what happens around him. Property is the right to use and abuse." + +Mr. Cain, if you were unaware, money is scarce, and is made scarce by governments and oversight entities. This tenant alone, is reason enough for financial inequality, in virtually every system of government utilizing a monetary system. Because money is scarce, jobs will also become scarce. Many of those that are unemployed can blame the flawed system. + +------------------------------------------------------------------------------------------------------------ +(10) Engels, Frederick. "Historical Materialism -- Socialism: Utopian and Scientific" + +(29) Brander, James A. Government policy toward business. 4th ed. Mississauga, Ontario: John Wiley & Sons Canada, Ltd., 2006. Print. + +(30) Vladimir Lenin. "Imperialism: The Highest Stage of Capitalism". http://www.marxists.org/archive/lenin/works/1916/imp-hsc/index.htm + +(31) "Socialism and Man in Cuba" A letter to Carlos Quijano, editor of Marcha, a weekly published in Montevideo, Uruguay; published as "From Algiers, for Marcha: The Cuban Revolution Today" by on March 12, 1965 + +(48) Proudhon, Pierre-Joseph. "What Is Property? An Inquiry Into the Principle of Right and Government" + +(49) D'Amato, Paul (2006). The Meaning of Marxism. Haymarket Books. pp. 60. + +(65) McConnell, C.R. and S.L. Brue, Economics, Irwin-McGraw Hill, 1999, 14th ed., p. 594. + +(66) Gwartney, J.D., R.L. Stroup, R.S. Sobel, and D.A. Macpherson, Economics: Private and Public Choice, Thomson South-Western, 2003, 10th ed., p. 97.] + +(68) David Card and Alan B. Krueger, Myth and Measurement: The New Economics of the Minimum Wage, Princeton University Press, 1995, pp. 1, 6-7. + +On a recent episode of 30 Rock, Jack Donaghy said that most of NBC's business plan was to "hope that it's 1997 again". I wanted to pose a similarly stupid idea to you: + +What would be the larger impact for the debt and public programs if the US reverted back to the 1999 budget: pre-war, pre-tax cut, pre-9/11, pre-bailout, pre-stimulus, pre-health care reform, and pre-medicare expansion? (*Let's suppose that Congress provided the cash for to undo all of this stuff in a one-time continuing resolution, then passed an annual budget in, say, April.*) Who would suffer? Who would benefit? Would the 1999 tax/spending ratio allow the federal deficit to continue growing, or does the growth not exist to support that? + +So... what would happen? +We could already be in a crash, and if the housing market is ever going to crash, what could the reasons be this time? A lot of people are still moving their money to a safer place, the real estate. It doesn't seem the demand has decreased. Are we ever going to see a crash in the housing market? +Bloomberg reporters are claiming this: + +https://twitter.com/jenniferjjacobs/status/1240047148542148608?s=21 + + +https://twitter.com/salehamohsin/status/1240045093958057985?s=21 + +I'm not sure how much of this is fear-mongering, but I don't think it would be in the White House's best interests to fan the flames even more. + +Jobless claims in the state of Connecticut: [“30,000 unemployment claims have been filed in Connecticut since Friday. The typical number is 3,000 to 3,500 a week”](https://twitter.com/hartfordcourant/status/1240030999888756739) +I’m 27f in southern California. I make 100k a year and have about 105k in savings with no debt, and around 50k in my 401k. My company does a 4% 401k match and also contributes to a cash balance pension which is 7.5% of my income. +My goal has always been to buy a house and I’m wondering when it will financially make sense for me to. I feel like I’m in a good spot right now and renting just seems like I’m throwing money down the drain when I could be building equity (my rent w/o utilities is $2200). Homes in the area I want to live are selling for 750k+, so it would take me at least another 2 years to save up for a full 20% down payment. +Does it make sense for me to buy now and just do a smaller down payment? Or is it smarter to continue renting until I can come up with the full 20%? Should I consider taking a loan from my 401k? +Any advice is appreciated! + + +Edit: since the post was locked I can’t respond to any of you, but I just wanted to say I truly appreciate all of the advice! I have a lot to take into consideration. + +u/Treefishy thanks for the silver! My first award :) +I’m a US college student going into my second year. My parents supported me through the first with tuition housing and food, however, they told me today that they will no longer be doing so for the rest of the college years. I haven’t really had anything planned and this is very sudden news. My tuition is around 70k a year which is very high and I will need to pay for rent which is around 800 a month and food. My major and university is very intense with the work load so I haven’t been working a part time job. I’m filling out the fafsa right now and I’m worried I won’t get much aid or federal loans because of my parents somewhat high salaries. What is my best course of action right now? I’m currently back home away from where my university is. Thanks for the help! +Friday 2/26/21 $GME Update: + +- Opened: $117.46 +- Closed: $101.74 +- Total Volume: 91,000,000 +- Total Shorts: 22,250,000 +- Short Percentage: 25% +- Borrow Rate: 9% + +https://fintel.io/ss/us/gme + +~~~ + +Well, today was a battle. + +And I think I was wrong. Let me explain our situation as I currently see it through hind-sight. + +They shorted over 22mil shares today to try and drive the price under $100. That's 55mil short sales in 48 hours. + +Considering the 9% borrow rate, a lot of these are still outstanding as well. + +As an aside, I still want to know how in the flying fairy fuckery you can find 22mil shares in a single day to borrow to short, when only 350,000 were available at the opening to the day. You're telling me shares to lend get 6500% easier to find as the day goes on? Directly following a day they just shorted 33,000,000 shares? + +If you think any alphabet agency is going to help us, the last two days should show you that they just don't care about investigating what the hedgies are doing during all of this. If 55,000,000 shorts in two days, on a stock with 70,000,000 shares, doesn't raise alarms... nothing will. We're on our own. And if this really does crash the market at the end of all of this, it's 100% the SEC's fault for not stepping in when shit like this is obvious befuckery. They are complicit in allowing it to happen. + +So what happened today?... + +I think a sneaky smart play was made. + +Looking at the Open Interest on call options on the chain, the $105-$150 options had INSANE volume today. + +There is 744 Open Interest for the $110C 26Feb21... There was 7,719 Volume today! + +There is 1,150 Open Interest for the $120C 26Feb21... There was 10,282 Volume today! + +There is 3,064 Open Interest for the $150C 26Feb21... There was 24,586 Volume today! + +So what do I think happened behind the scenes today? + +I think all the call sellers from $100 and down were hedging their deliveries with higher calls... but I think ending at $101 is going to force them to deliver on their own. + +Over 47,000 Call Options finished ITM at $101. + +That's "only" $470,000,000 to exercise those contracts and force delivery of 4,700,000 shares next week. Remember, they spent $200,000,000 in borrowing fees shorting the stock yesterday alone. They spent another $200,000,000 today in borrowing fees. Half a billion is nothing in this war. + +There were another ~30,000 options waiting to hit from $105-$150. But I think someone was brilliantly smart enough to keep them out of the money... + +I think someone knew that those 30,000 call options were the hedgies only option to help cover those 4,700,000 shares without going to the market for them. And I think the big players let it finish at $101 because they knew it would cause the most pain from deliveries for the hedgies. + +They let the price run up just barely under $150 to force the hedgies to cover with those higher calls... and then allowed the price to pull back to make them lose the premium and force them OTM. This is a well-known options attack plan. They literally played the hedgie's game against the hedgies. + +It was too easy to push the price to $143 this morning, and I think someone knew something was up and changed the battle plan. + +So now we stand at a possible 4,700,000 shares needing to be delivered by Tuesday, plus whatever outstanding shorts now exist from those 55,000,000 shorts in the last two days... plus the (at least) 60% previous short float. + +Let's be conservative and say that they paid off 75% of the shorts from this week, and 50% of the shorts from the finra report... + +70,000,000 float x .6 (60% short) = 42,000,000. Let's say they cleared half of it... 21,000,000 shares. + +55,000,000 shares shorted this week. Let's say they cleared 75% of them... 13,750,000 shares. + +And let's say that only half of those 4,700,000 get exercised this weekend, or that half were sold covered... 2,350,000 shares. + +At the BEST... they are now 37,100,000 shares in the hole... or 53% of the total share count. + +GME fell off the FTD threshold limit on 1/29/21. It needs to have 450,000 FTDs to qualify for the 0.5% threshold. + +On 1/29/21... every single call option under $325 finished ITM, and you can expect at least a couple of them exercised, so I'm expecting the FTDs from the first half of February to explode in size once again. And this time they wouldn't have the ETFs to liquidate to cover those deliveries (XRT blew up to over 2,000,000 FTDs on the same 1/29/21). + +They stopped this from exponentially blowing up the FTDs by NOT ALLOWING THE OPTIONS TO BE EXERCISED THAT DAY. + +https://www.wsj.com/articles/robinhood-in-talks-to-settle-finra-probes-into-options-trading-practices-outages-11614366379 + +"Call options give investors a right, but not an obligation, to buy a specific amount of stock at a specific price, known as the strike price, during a specific window of time before they expire. If a call option is “out of the money,” meaning the price of the underlying stock is below the strike price, a customer is better off letting the option expire. + +In January, Robinhood noticed some users “were occasionally exercising OTM options, causing them to suffer losses immediately upon exercise,” Mr. Tenev said. Robinhood put a warning system in place and required customers looking to exercise out-of-the-money options to speak with a company representative first. On Jan. 29, it stopped allowing customers to exercise out-of-the-money options." + +Robinhood literally DID NOT ALLOW you to exercise an OTM call option on 1/29/21 to stop the deliveries of GME. + +A company has to stay on the threshold limit for 5 consecutive days to start the 13 day clock for forced FTD closings. + +If GME had over 450,000 FTDs on Feb 1, that would make day five 2/5/21. You get 13 trading days to close those FTDs once it's on the threshold report or it gets forced on the thirteenth day. + +13 trading days from 2/5/21 is this last Wednesday, 2/24/21. The day that share prices exploded from $50 to $170 in a single hour. + +Wednesday may have been those FTDs force covering, which caused a small gamma squeeze on the open options. + +If that's true, and we got another FTD reset on Thursday, we are about to start the clock fresh on Tuesday when these current options fail to deliver on time. That would put the next forced closing on... + +You're not going to fucking believe this... + +...exactly 19Mar21. + +EVERYTHING KEEPS COMING BACK TO 3/19/21. + +They spent half-of-a-billion-dollars (five-hundred-million) in BORROWING FEES ALONE this week to drive GME's price down low enough to keep the deliveries reasonable and keep it off the FTD threshold list. It was their last chance to drag this clusterfuck out a few more months... but I think closing over $100 may have just sealed the date. + +They didn't just short over 55,000,000 shares in a single week at $100 per share to get out from under their short positions; they did it to try and limit the deliveries from these options... and they failed. + +So I went to do some research on stocks that would have ZERO relation to Gamestop in this fiasco. + +If you look at AAPL and it's option chain... you see that all put options have very low open interest for 2/26/19, 3/5/21, and 3/12/21... + +On 3/19/21... Put interest EXPLODES in contract numbers and volume... + +March 26 goes back down to almost zero. + +Facebook is the same. Coca Cola is the same. Starbucks is the same. Johnson and Johnson is the same. + +Why the hell are investors in Facebook, Coca Cola, Starbucks, and JnJ all hedging against the exact same date? What would JNJ and Starbucks have to do with GameStop? + +Market makers are hedging what they own with puts to save the value of their shares they currently own in case the market implodes. + +I'm marking my calendar... 3/19/21 is lining up perfectly to be the day the shit truly hits the fan for the market. + +We're in the endgame boys. + +~~ + +Edit: u/Scfi4444 added below that 3/19/21 is a quad witching date (market index futures, market index options, stock options, and stock futures all expire on the same date) +I initially thought indicators like RSI or MACD could be utilized as parameters/ conditions for an algo bot. But I was talking to someone who’s made a bot already and they said the indicators usually aren’t reliable and are used to “predict” and predicting the market isn’t reliable for trading because it’s not guaranteed. + +Instead he uses more momentum based things which makes sense as well. + +What’s others opinions on the matter? Is there any particular theme that an algo trader should keep in mind when building a “successful” bot? +I want to share this for anyone who is interested in the cultural and social background from the perspective of a native citizen form El Salvador about the Bitcoin City announcement. + +My hometown is in a close city from the place where Bitcoin City is going to be built, which is called La Union, and my father works exactly there. I currently live in the capital city San Salvador and had to move here six years ago due to work. + + +**The concentration of development in San Salvador, the rest of the country in oblivion** + +Well, you'll see, El Salvador is a very small country in territory but all the development is concentrated only and **only** in the capital city San Salvador and all the rest of the country has been abandoned basically since the country's foundation. That is one reason for my anger towards the old politicians and previous generations who did merely **nothing** to distribute richness and development equally along in the country and they forgot completely about all the other cities. As a result, logically all the young people has been migrating year after year to San Salvador, including me, who had to say good bye to our families and hometowns in order to get a better job to survive. And the thing is that those previous politicians forgot about the countryside and all the rest of the country due to corruption issues and lack of vision and lack of perspective. They weren't that smart, they weren't that savvy about the modern world, and this is an issue that still persists in our neighbor countries like Guatemala and Honduras. + + +So for us, having development in an area that is not the capital city is a big, or a huge improvement. As I said when I started, this country is really small in territory, you can cross it entirely in just six ours! And it would be even less if our transportation system gets improved. In my hometown we have cultural differences in holidays, food, traditions, and beliefs, this is a very rich country when it's about culture, in fact, among the citizens, it feels like we have two countries inside: the west and the east. In the West we have San Miguel (my homecity) and La Union, which is known for being close to the sea. La Union is known for being really hot, tropical place, you have warm wind during summer and is perfect for going to the beach, which is like 15 minutes far. + +&#x200B; + +**We live in a bubble.** + +When it's about the contact with foreigners, it is very uncommon thing for the average Salvadorian. Salvadorans usually see foreign people like people who do not like to visit us because we think ourselves that our country is so bad that no one wants to visit, and even less to live here. And many times we tend to question visitors about why they visit us if they could be "better" in their countries. It has happened many times. I've met people from all around the globe here, from China, Taiwan, Japan, Germany, France, Colombia, the US, Russia, Egypt, Mexico, Sweden, etc. Some of them have years living here that they got to become residents and all of them have told me that at some point they get asked "what are you doing here?" meaning "you could get back to live better in Sweden (or any country where you lived before)", but they also tell me that Salvadorans are highly friendly with them, gain confidence and trust really fast, they are warm and welcoming and overall very human. Salvadorans help you if you're in problem, even if they don't know who you are, they talk to you and try to make friends very fast, so once you get into their circle they'll teach you everything you need to know. + +But there is something else that I want to mention. This is nothing new in the world tho, we also have it. Many foreigners here in El Salvador live in separated areas, it is not seen like that but yeah, in fact, there are residential building where no regular Salvadorans have access (just th eeople who work in cleaning and maintenance stuff). Those foreigners may have another version of El Salvador, another very different where they don't get much contact with locals, and have no touch of how is our culture and our average day to day reality. These residential areas have been accommodated to provide all their needs and there is no need for them to go out. In the present days still more of there residential areas are being built, there is even one huge building in La Escalon, in Sal Salvador, which is an area known for being built for rich people to live in. But in the recent years this rich people have been moving to another area called Santa Elena, and the La Escalon is being left for regular people little by little. If Bitcoin City is going to be like this, it's ok I think, because we already have areas like that, but as a Salvadoran, my wish is to have development in the whole country and not only for a little bunch of people like it was in the past. And we already know about that. Fortunately we've seen it's not going to be the case. + + +**Gangs. Buses and transport.** + +There used to be gangs at my city when I lived there. I was robbed in a bus six times, they robbed me my phone and money. And around my house around two people a year used to be murdered. I saw death people and blood. As a local, they do nothing to you because they know you. Gangsters are the same people who used to be our friends in school, but one day they joined the gang because they had no money, no job, no opportunities and weren't able to leave the country (remember when I told you in the beginning that the whole country was forgotten with no development and nothing else than misery). They manage to survive, unfortunately in the wrong way. I remember the day I decided I ws going to fight for my life, but not in that way! I decided to never enter a gang, I decided that I was going to be different. So how have we reduced gang activity in the last two years? 1. the government is giving opportunities to young people (I myself was in a help program, learning how to put my own business). 2. The government cut the economic help that previous corrupt governments gave to them. 3. The police force was heavily increased and supported them with new equipment and improved salaries + +Also, young people now have different facilities where they can learn about technology, or another areas like making food, learn languages, and leverage other skills. Nowadays there are no murders in my home city and fortunately we don't have to think much about that. + +About transportation, it has been a huge, huge issue all our life. Basically the owners of the transportation system are also a corrupt group who have the monopoly of transportation and have a horrible transportation system. That is the reason why the best way to go to another side of the city is to have a car. The current government has announced to be working in extreme measures to eradicate this problem. The main transport medium for the average Salvadoran is bus and if you live here and go downtown on a Monday at 5PM you'll be able to see the busses extremely filled with people like sardines in a can (which reminds me the Japanese metro system that also is like that). So, historically, these buses have been the areas where many murders and assaults have occurred, due to its importance for the work of people and its importance for the whole country, the gangs have taken them several times in our history, perpetrating once one of the worst terrorist attacks of our country, when they burned a whole bus full of people. In our collective history, it is in the mind of every Salvadoran and that is the reason why every Salvadoran has a deep fear of our transportation system even tho we have to use it every day if we want to go to work or move around the city. We just learned to live with that fear, I am not rich, and I am young, my current job barely gives me food for the month and I can't afford a car. We have a big hope in the current government, which has proven that they listen to the citizens concerns and most important needs and that is the reason for their success, that is the reason why left them approve the Bitcoin law, because even we didn't know what bitcoin was, they have done a work that is so good that we trusted them blindly when they announced it, we just thought "they have done a good job until now, this bitcoin thing must be something good also". Some few detractors that are here and there don't understand none of this, and they think that is because Nayib wears a cap and says nice things, but actually, we, the average people have been able to see the results of their work as a team, not just Nayib but all the people who works in these projects. Those detractors, a fewer number of them have so much money that they pay people to spread fake news all over the world and over the web. They used to pay politicians and powerful people to do whatever they wanted, but with Nayib on the head they aren't able to do that. That's why they are angry. And soem people who are detractors and tell you about recent murdering stories, if you ask them how they know about it you realize that it is the story of a friend of a friend of a friend who saw something in Instagram of Facebook. Yes, still there are murders, but not in our face, people now go out and enjoy the day, they fill the parks with their families and friends, even these friends who told me these recent murder stories, they go camping. + +&#x200B; + +**We need talent.** + +We have so many good programmers that work for companies overseas, one of my closest friends is one of them. We have many people who can speak English like me, and other languages (I learned Japanese in order to get a job), because of that need to survive we learned all of there things because we became **experts** in telecommunications and remote work even before the pandemic, with call centers. That is the reason why many of the call center services in the world are located here. I live some minutes to one of these places, they have thousands of people working here in that type of job and almost all of the roommates who I have lived with speak English everyday in their jobs and some of them also French. But due to the reason that all the development is in the capital city, all of us have moved here! Even young people in the most distant towns learn English with the only hope that it will take them out of poverty. Call center is offered here as the only alternative to have a job. And it is better paid than doctors or engineers. But it has a vary dark side. It is just labor exploitation. The bosses make them work in insane non human timeframe schedules with no chance to go to the bathroom or eat in many cases. Sometimes they have lunch but it is a very short timeframe and they have so many over-stress problems to the point where almost all of their workers have stomach problems and mental health issues. it is common in those buildings to have stories about workers who committed suicide or just died from heart attacks and the company doesn't care about them. I was trapped in one of these places and thanks to them I improved my English but thanks to internet jobs, NFT gaming and crypto earnings me and some of my friends were able to leave that f\*\*\*g slavery behind. + +&#x200B; + +I still think we need more talent. it is yet not enough to compete with the US or Japan, much or our own talent moved to these countries in the previous decades and it is understandable because we were living in hell over here. But now our challenge is to bring talent over here and improve more and more the living conditions for them. We still have a lot of beautiful nature, short travel times (the country itself is small), rich culture, delicious food, friendly people! But the government has been working in lowering those crime rates, building a lot of bridges, improving infrastructure like freeways, streets, the water system, transportation, building a new airport and improving the one we already have, building new hospitals and they have a huge new school system plan, they made a new new born program for all the new babies that come to life here to come in better conditions and the president and his team themselves were in 2019 overseas looking for opportunities telling investors and other governments that we exist. Bitcoin was just one of these things at that time, that we had no idea was going to put us in the eye of people (as good or bad). There is so much that we want to do and to little people, that we do what we can at a time. + + +So, the Bitcoin City is going to be built in the middle of all of this. And our hopes are on it. A city takes several years to be built but we are working in order to make it a true reality. +Thanks for the people who have read until here. The topic is still related to Bitcoin as I've spoken about all the things that the future citizens who move to the country may ask or be concerned about. +I posted this in r/CreditCards and r/legal advice but got mixed opinions and was encouraged to reach out here + +The title says it all but want to add some context, tldr at the end: + +-Bought an expensive $315 ring from the merchant/sellers website using my Apple Card + +-seller policy claims “We are NOT liable for lost packages” + +-Item gets stuck on arrival scan, item missed the delivery date by 4 days and is still stuck on arrival scan to this date + +-I call UPS and they say to file a lost package claim, UPS says after 8 days if there is no update the item will be deemed lost. I declared the value as $350 on the claim as that was the price of the item + +-I asked the seller if they insured the package and they respond by saying “No, we usually only insure big ticket items, however, UPS has every package insured somewhat. (I didn’t have an option to purchase insurance on the item at checkout) + +-The seller tells me it is up to the logistics/shipping company to see what options I have when it comes to refund/replacement. + +-Note: The ups claim hasn’t been deemed “officially” lost yet but it is approaching the deadline with no update. So I am contacting the seller just in case worse case scenario. + +-I ask the seller, “From my understanding, after UPS confirms in the claim that the item is lost, they refund the shipper, not the buyer, so how will I be compensated/refunded if the burden of contacting and coming to agreement with UPS is on me the buyer?” + +-They say if UPS refunds in any ‘capacity’ they will forward that money to me and that would be “fair”. + +-I tell them since they didn’t insure the package over $100 then the ‘capacity’ of a refund that I will receive is $100, which means I’ll lose $215 on an item I never received which is not “fair”. + +-They respond by telling me,“Reimbursing to you anything that UPS would reimburse us is purely a courtesy.” WTF. + + +TLDR: Merchant refusing to refund me the full amount for what I purchased or even send a replacement for an item lost by the shipping company (UPS) since their policy states, “We are NOT liable for any items lost in transit.”. They didn’t insure the package or give me an option to buy insurance which means I’ll be lucky to receive the $100 liability insurance that UPS automatically provides all packages. Furthermore, they placed the burden of figuring out what options I have from the shipping company in regards to compensation of the lost package on me, the buyer. While simultaneously claiming that the refund that UPS will give them and will then send to me would be a “courtesy”. + +What are my options? Am I out of luck because the seller has on their policy that they aren’t liable for lost items in transit? Do I chargeback? From my understanding Apple Cards do not have purchase protection and Goldman Sachs is notoriously bad at disputes… + +Please any help or insight would be appreciated. +The FI/RE journey tends to me a long one. Unless of course you were lucky enough to inherit a bunch of cash while raking in 6 figures to speed up the process. At one point, we all start thinking about whether we want to have children (or not!). So this is for all the parents out there ... how did having a child (or more) affect your path to FI/RE? Did the costs associated with having a child derail your plans? If so, how? Or was there no impact at all? +I'm 17 years old and I'm about 0.4% FI. (That's something like $12k out of $3m.) What I'm interested in is how that figure accelerates over time. Obviously, the growth won't be linear (0.4% to 0.8% shouldn't take me as long as 0% to 0.4% did), but I'd love to know how fast exactly things are going to pick up. + +In you guys' experience, how fast did your FI percentage move? For example, how much time did 1% to 10% take compared to 10% to 20%? I'd love to hear all about it so I can have an idea of what to expect. I also do understand that this varies depending on expenditure, income, promotions and investments, but I'd like to get a feel of how things move for the average FIREr. +Hello - I am struggling at the moment. I had a heart attack last year (2019) that I believe was brought on at least in part by my job. I am struggling about whether to walk away. I am single, no kids, 52 YO. Net worth approximately $1.9 million excluding my condo. + +My worries are about 1) running out of money, 2) being bored, 3) feeling guilty that I am no longer working when I have a good education so I probably should still be working. + +For those that have RE'd, what gave you the confidence to RE? + +Thanks +I’ve been quite actively lurking on this sub and other crypto subs, seeing when people say they got into crypto and it appears almost 80% are people from the 2017 run. I’m still yet to see anyone who got into it before 2015. + + If anyone who sees this that is an honest early adopter and I mean 2009 to 2013 how did you find or even learn about Bitcoin? I couldn’t even imagine stumbling across it back then when social media was very limited and Bitcoin was called a scam countless times. + +I saw some posts about how early adopters are part of some group they formed. Not sure where that leads to but I’m just curious as to what it was like over a decade ago +LI auto is up 25% premarket on earnings report, adding momentum to EV market. If there's an earnings day on which EV day traders were looking to sell and take profits, it would be today. + +https://www.marketwatch.com/investing/stock/li?mod=mw_latestnews + +However, the momentum from the phenomenal quarter-on-quarter growth reported in the sector this month may provide a permanent leg up to recent IPO stocks. + +Likely to be VERY heavy volume. Yesterday saw [over 500 million trades executed on NIO & XPEV, with LI ending the day at 77.5 million trades.](https://imgur.com/WpFScLn) +Hello all. My friends and I (6 in total) are all recent college graduates or are going to be graduating soon (within the next 2 years). We all get along really well and think it is our best way to be able to move out of our parent's homes. We aren't the most financially savvy people though. + +Since we each bring in a modest income (or very little in the case of the students) we figured that each of us on our own would not be able to get approved for a mortgage on a house that would house all 6 of us. On top of that it would be kind of awkward if one person was the landlord for everyone else in the house. + +What would be the best way for us to go about getting a house that would allow us all to be present in the financing and ownership of the house so that one person does not have to incur all of the financial risk/burden of owning the home? + +Essentially it would be nice if we all owned the house equally as if we were married without actually having to get married. Would creating something like a 501(c)(8) be the way to go? + +If it helps this would likely be happening in Michigan. This is also something we plan on doing once everyone has graduated meaning we have some time to prepare. Hopefully this means the housing market will be a bit better. + +Any and all help is appreciated. Thank you! + +Edit: It seems like the overwhelming consensus is that this is a bad idea. Thank you all for a nice reality check before I did something stupid. Now if you will excuse me I have a very large bowl of crow to eat. +The Fox news lady had me thinking today and I realized what they don't understand. + +We aren't investors, we are collectors. They want us to act like investors but we don't. Because we aren't. We are collectors. Let me explain. + +This whole thing was my crash course to stocks. All I knew going in was what "they" always told us about the stock market. "Don't invest more than you are willing to lose". So I did that. + +But that was their downfall. + +Now I look at the money as spent. It's gone. It's not really invested. I spent it. **There is a difference.** + +I think of myself more as a collector now. I am a GameStop collector. I spend money on this sick company. I collect the GameStop shares themselves. Look at them. They are sick. + +Just like any collector, maybe one day I'll sell some. For the right price. But for now they are mine. I like looking at them. I can't really explain it. They make me happy to look at. That is all. + +LOOK AT THEM 🥰🥰🥰 + + I also have a matchbox car collection. 🤷🏼‍♂️ +The South Korean tech giant predicted operating profit for the three months ended December was approximately 10.8 trillion Korean won ($9.67 billion), which was below the 13.2 trillion won that analysts predicted, and a 38.5 percent drop from the previous quarter. (CNBC) + +Looks like AAPL is not the only one who’s struggling. + +[https://www.cnbc.com/2019/01/08/samsung-q4-guidance-.html](https://www.cnbc.com/2019/01/08/samsung-q4-guidance-.html) +Working in investments, it was always surprising to me that there is no strong consensus among professionals on the financial merits of home ownership. I was taught early on that home ownership was a lifestyle choice, and usually a bad financial choice. So buy one if you want to own a house, not because it's a good investment. This made sense to me, since home ownership goes against a lot of the conventional wisdom of investing (active, leveraged, not diversified, negative cash flow, low risk/return profile, etc.). + + +But I also regularly meet financial analysts, portfolio managers, and CFOs that love home ownership over stocks as an investment. These are generally well educated financial professionals, so I assume they have a reason for thinking this. When I bring up the conventional arguments, they'll counter with points about tax benefits and the leverage being relatively cheap and actually a good thing. That's usually where the conversation ends, because neither of us will have the numbers to back up the economic value of the leverage and tax benefits, so we just end up agreeing that "it depends". + + +So I did a deep dive analysis myself. The St. Louis Fed provides housing price and mortgage data from 1975. On a pure return basis, there's no question that equity dominates housing over that time period. The SP500 total return is 13,114%, or 12.0% annualized. US housing is 675% or 4.5% annualized. However, making some adjustments for leverage and tax, the difference is much smaller. SP500 is 10,923% or 11.5% annualized, and housing is 3,571% or 8.7% annualized. (See Edit 3.) + + +This is a small enough delta that I can now see how there are plenty of specific personal situations that would push housing above equity as a preferred asset class. On average, stocks are probably better, but for some people, housing might be. "It depends" is actually a very accurate answer. As an example, I did the same for California housing specifically, and it came out to 9,131% or 11.1% annualized. Just one change and already housing has almost caught up to stocks on an absolute return basis. + + +Anyway, thought this might be a question some of you have also been meaning to look into, and just haven't had the time. In addition to sharing, I also wanted to put my calculation out there for critique. I know there are major simplifying assumptions I've made, including a mortgage that fluctuates based on housing value, multiple instances of straight line averaging instead of compounding, mixing historical and current data, heavy use of midpoint averaging, etc. but I'm wondering if any of my assumptions are a big enough distortion to render the analysis grossly inaccurate. + + +Spreadsheet link: https://docs.google.com/spreadsheets/d/1oim4RGz-v8PUogTaQgDdc-rQDmjv-DPYi3i1xdFwvMk/edit?usp=sharing + +EDIT: Wow I just realized I missed a major factor. This analysis ignores rent entirely. Maybe I'll take another crack at it tomorrow morning. (Or someone else can using the spreadsheet.) + +EDIT 2: Rent might not be as big a deal as I thought. Gross rental yield is maybe around 2.9%, and average property tax is 1.2%. Add on all the other home ownership costs like maintenance and repairs and the net rental yield may actually be much lower than I thought. + +EDIT 3: Just woke up. Adding net rental yield is harder than I thought. I'm using 9% gross, from ATTOM's 2017 single family rentals report (much higher than the 2.9% I googled last night). Then I'm using 5% as an estimate for net tax + insurance + maintenance/repairs. This is just based on my personal experience, and I would love to replace this number with a more reliable one from some kind of national report. Adding on an extra 4% per year from rental yield, the adjusted national housing return actually tops out the equity return, 17,654% or 12.8% annualized. Big difference. +I should be getting a settlement from an auto accident in a few months and I want to invest it. +I've been reading about dividends and I want to invest in stocks that pay out monthly dividends so that my dividend income is eventually enough to live off of (like 3k a month). +Tl;dr how to invest 50k into dividend paying stocks to make at least 3k a month + + +I REPEAT!!! Final boarding call for $R0OK moon mission! + +r0ok Token just announced an AMA for next week with BlockChainSpace, and a 500k $R0OK airdrop on their Twitter account! (twitter.com/r0okclothing) + +Holy moly! + +This is going to the MOOOOON! + +I REPEAT!!! This is going to the MOOOOON! + +Sub-100k marketcap with under 1k holders! Even though this project has been launched for almost 2 months, it is still VERY EARLY! + +$R0OK already has a celebrity endorsement from WWE Hall Of Fame wrestler Rob Van Dam! And everyone knows RVD is a LEGEND! + +$R0OK is already listed on Coingecko and tip.cc, doing steady airdrops on their Discord server!!! + +Come join the r0ok community! discord.gg/r0oktoken + +$R0OK Have their very own NFT marketplace & mobile apps in the works and will be incoming shortly + +$R0OK Backed by a worldwide clothing brand that supports mental health + +$R0OK Anti-Whale dump mechanisms (max txn function) in place to avoid price manipulation + +$R0OK Built on fully self-sustainable fundamentals that are going to revolutionize the Crypto charity space as we currently know it. + +$R0OK Currently live on PancakeSwap. (NO HIGH 10-15% TAX... r0ok Token tax is 6%!!!!!) + +$R0OK 100% a community charity token that focuses on helping major worldwide charities which are supporting the millions of people affected by a Mental illness. + +Founder is currently FINALIZING a partnership with a major player in the US Mental Health community... 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Build Your Bag.💜 + +🔥Crypto Coin & Clothing Brand🔥 +I’m not an engineer or an architect but with the rental crisis and inflation out of control in Qld, I was wondering why are all the houses unique builds with lots of wasted space and aesthetics priorities over cost. + +It would be a lot cheaper to have assembly line housing due to economics of scale and also specially apartment blocks as again as it would cost less in urban planning and transport to have more people in the same area because of economics of scale. + +Obviously living in a commie block style house (even modernised) would suck and tract suburbs generally look horrible and dystopian. Apartments have to be wooden frames for cost and environmental reasons but at least repair will be standardised if they are all tract? + + + +But isn’t better to at least own your cheaper house though a less comfortable and aesthetic one than pay most your income for rent which is a total waste of money in Australia compared to a mortgage? + +Overall seems to me the crisis comes from cost inefficient urban planning. +TLDR: [Author](https://www.goodreads.com/author/show/17286980.Steve_Oliverez)/Investor, bought ~$100,000 of SPX calls late November through December betting the whole market would go up fast in Q1. It did, and I was able to sell a bunch before February came and wiped out the value of the remaining options (*As I've said before, options trading is extremely risky and buying out-of-the-money options even more so). [Total profit, ~$2,500,000](https://ibb.co/gk0bax). + +Many of you know I was posting about $100k in SPX calls back in December and then January when the value started taking off. Figured I owed you an update. + +Why I bought a crazy amount of SPX calls: +Congress passed a bill slashing corporate tax rates in December. The last time corporate taxes were reduced so much was back in 1986. So I looked at how the market reacted at the beginning of 1987 and saw a huge spike in the S&P 500 in the first quarter. + +I wanted to bet the market would react in a similar fashion. I looked through various strike prices in Jan-Mar and modeled which ones would have the highest payouts if Jan 2018 was a repeat of Jan 1987. I also ran a few more conservative scenarios and bought options at those inflection points as well. Many of these options were so far out of the money at the time they were selling for under a dollar. With volatility so low a melt up wasn’t being priced in at all so I put in every dollar I was comfortable losing. + +January turned out to be the best first month of the year for the market in more than two decades. The value of the options skyrocketed, some by as much as 5000%. + +I was excited and terrified for the same reasons I bought options and not futures or heavily margined shares in the first place. Going back to 1987, there was eventually a large crash (Black Monday) that wiped out most of the gains for that year. I also knew we were currently going through one of the largest stretches of market history without a substantial pullback. I was pretty sure the market was going to go up and fast, but it was like a game of hot potato to lock in gains before a major correction happened. + +With that in mind I actively sold off chunks of the investment as it went up in January. Since I didn’t know if or when a correction would happen, I wanted to make sure I locked in as much profit as possible. + +I was still holding the bag on a bunch of these options when Feb came and wiped them out, taking a large amount of paper gains with them. Another green week and I definitely would have been into yacht-money territory with this trade. + +Still, I’d managed to sell enough in January to lock in two and a half million dollars from a $100k investment. + +Aside from NVDA leaps I picked up last year and stocks I plan on holding indefinitely, I'm currently mostly in cash waiting to figure out the next move. + + +# Introduction: + +3M (way before it was called the Minnesota Mining & Manufacturing) might not be the most iconic corporation, however it is one of the largest in the US, in fact they are one of the few companies actually in the DOW Jones. 3M has been an incredibly innovative company since its humble beginnings, currently it holds over 118,000 patents. They are involved extensively in industry, worker safety, US health care, and consumer goods, producing over 60,000 different products, and operating in over 70 countries. + +# So why own the stock? + +This is going to come down to your investing preference. If you prefer dividend growth investing, that is, investing into companies that have continuously increased their dividend payout to more quickly compound your dividend reinvestments, then this will definitely be up your alley. If you more prefer growth stocks, well MMM is unfortunately well past its years for growth, especially when compared to the tech companies. + +So for investors looking to add this dividend stock, what makes MMM a dividend king? Well... + +* It has paid out dividends to its holders for over 100 years +* It has increased that dividend for 62 consecutive years. +* The growth rate of that dividend has been 10.99% over the last 5 years alone. +* The dividend payout ratio is a very healthy 72.95%, +* Lastly, the current dividend yield is 3.68%, setting its current payout to $5.88 a year per share. +* Consistent and strong revenue/income and a debt ratio of only 0.46. + + * COVID ofcourse has impacted their income, however their healthcare involvement has buffered the loss across their other sectors. The ongoing increases do ofcourse present a risk, but that is the same for every stock. +* Many firms and analysts have marked 3M as undervalued below the \~$180 mark, citing discounted cash flow and margin/return-driven EV/EBITDA (Enterprise Value/Earnings Before Interest, Taxes, Depreciation & Amortization) + +# Takeaway/Final Thoughts: + +This was just a quick post to get the brain juices going, so please do your research to supplement the brisk points mentioned above. + +This post is probs going to come more down to individual investing philosophy, but those comment are always interesting to read so they are more than welcome! Each different type of investor can learn from the other, dividend vs index vs growth or otherwise. Anyways, have a good day everyone! +I found this when looking at the Apple App Store page for National Bank: + +[https://apps.apple.com/ca/app/national-bank-direct-brokerage/id1586858913](https://apps.apple.com/ca/app/national-bank-direct-brokerage/id1586858913) + +Looks like the app was released 2 days ago, and is only for the Apple App Store as of now. I was wondering if anyone has given it a try to see how good it is. I don't currently use NB but am strongly considering switching from WS. +Up to now my strategy has been to keep total market index funds in my TFSA because I’m confident they’ll grow slow and steady and I won’t pay taxes on it. + +On the contrary, in my RRSP I went full risk. This is my high risk, high reward account. + +My RRSP has 20% of my portfolio. My TFSA the other 80% + +They way I see it: +If my RRSP goes to zero, it’s like money I never earned and I didn’t pay taxes on it. If it gives me a nice return, then I’ll pay some taxes on it eventually. + +Is this a good strategy? If not, where should I keep my riskier investments? Unregistered? +I'm trying to not make the mistake of thinking "what does well during inflation" and "what does well during rate hikes" are the same question. + +For example oil does well during inflation but how about after a rate hike? + +It seems like most positive factors such as debt covered by cashflow, inelastic demand and pricing power apply to both situations. + +Any stark contrasts? +Am I f^kn dumb with crap internet or can anyone else not go on the subreddit? + +Says that I can’t allow access to the page cos itsss been deleted or something.... + +Have I been banned from Dave and Busters? :( + +Thanks in advance + +Edit - back up ! I look like a dummy posting this now, lol.. I’ll still keep it up for fun ! + +Edit 2 - have a nice night everyone! :) +Hi everyone, bob here. + +I'm bringing you another update on the FTDs and how they might play with the cycles upcoming I'm tracking. + +# The FTDs + +[C35 from options fuckery leads to ups a few days later, and we have large incoming FTD pile from abusive ETF shorting in our most recent delicious ass dip](https://preview.redd.it/8vyqw20tzi981.png?width=1291&format=png&auto=webp&s=d646aff39d43c1968d4c8919171ee70c51f0c7fb) + +**Also in Crayon** + +[Same basic date range. Things are stacking up.](https://preview.redd.it/xtba4xhg0j981.png?width=2014&format=png&auto=webp&s=9b5e0c6b2672cab323de68983cf392630ed4ca3d) + +**And Crayons of a different flavor:** + +[u\/bobsmith808 ftd data projections, overlaid with u\/gherkinit's futures theory & u\/leenixus' SLD cycles theory.](https://preview.redd.it/eaq6ydud8i981.png?width=1590&format=png&auto=webp&s=cabe928967d25388ab524c71acba8b8b9bde3baf) + +**I'm pretty jacked for January. At this point, I'll not be a broken record on what this may mean - have a look at my other DD on that subject.** + +1. [DD Cycles](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/?utm_source=share&utm_medium=web2x&context=3) +2. [Intraday price suppressions/manipulation](https://www.reddit.com/r/Superstonk/comments/p7sofm/update_analysis_to_options_fuckery_to_manipulate/?utm_source=share&utm_medium=web2x&context=3) +3. [Older cycles and exploration of interactions](https://www.reddit.com/r/Superstonk/comments/o32geb/update_on_t21_cycles_and_dd_on_dd_by_ucriand_and/?utm_source=share&utm_medium=web2x&context=3) +4. [All My Data (and other wrinkly ape's contributions) on the markets, GME, and popcorn, for comparison](https://drive.google.com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing) + +TADR? + +I expect we start seeing slow climb on 1/3/2022 that will lead into some type of violent price action when the pileup of FTDs, Cycles, and SLDs converge. + +https://preview.redd.it/9d151eyv8i981.png?width=600&format=png&auto=webp&s=101ff65e21a923bb5581060ff7d87767af901750 +What are some negative experiences you wish you could fix in your job? + +What makes your job hard basically. + +I would love to know. Thank you! + +Edit: guys I’m a student at a university gathering information on property managers for a class project. I cannot build an entire saas platform. +Queens NY - down 18% [https://www.movoto.com/corona-ny/market-trends/](https://www.movoto.com/corona-ny/market-trends/) + +Springfield OH - down 10% [https://www.movoto.com/springfield-oh/market-trends/](https://www.movoto.com/springfield-oh/market-trends/) + +Redding, CA - down 3% [https://www.movoto.com/redding-ca/market-trends/](https://www.movoto.com/redding-ca/market-trends/) + +Woodland, CA - down 1% [https://www.movoto.com/woodland-ca/market-trends/](https://www.movoto.com/woodland-ca/market-trends/) +I saved for years for my first, now I have a career it seems to be taking forever to raise enough for my second. + +The first one I told the bank I intended to live there so I was able to put 10% down 45k including closing costs. + +Now raising 60k seems near possible. +I've thought of refi but that would only be 11k. + +I have a stock portfolio at 27k don't want to sell yet and mutual funds at 6k, which won't do much. + +The current plan is to put 500 to 1000 a month aside, just this seems it will take forever. I make 65k, 92k including my building. + + +Other options to get the downpayment? +**“The Big 3” - Exchange Management Funds (EMFs)** + +These are what we informally refer to as ‘lit’ exchanges - Nasdaq, NYSE, CBOE. There are 16 in total but these are The Big 3 - they accounted for 2/3 of equity transactions. You’ve heard also of IEX, that is one of the smaller exchanges. + +The Big 3 were perceived as rather oligopolistic allowing for continuous price increases for access to data feeds, which has proven lucrative. I believe the NYSE alone brought in $200m from this. + +There was much consternation from Wall Street on this. + +UBS: “*the level of frustration was just so high for many of us that we had to go do something more proactive for us and our clients”.* + +Well, our financial instructions felt they needed a competitor, and so since SEC approval in 2020, we also have the MEMX (with as self-absorbed a name you can think of - The Members Exchange). + +Founders were BofA, Charles Schwab, Citadel, E-Trade, Fidelity, Morgan Stanley, TD Ameritrade, UBS and Virtu. Other corporations also invested to jump on the bandwagon - BlackRock, Citigroup, JP Morgan, Goldman Sachs, Wells Fargo and Jane Street. + +So what do they do? Well they purport to be different by focusing on the needs of their membership, instead of the profitability of their shareholders. + +*“MEMX was founded to drive competition and give a voice to investors. Our rapid growth is evidence we are filling an important need in the exchange landscape,” said Jonathan Kellner, CEO of MEMX. “We are pleased to be gaining traction by the day and grateful for the active participation of our members, who represent a broad cross section of the market, including banks, institutions, market makers and retail participants.”* + +Basically increase competition, improve transparency, reduce costs, and simplify order execution for the interests of the founders’ clients, ie institutional and retail investors. + +They also want to the final stop in PFOF. So Retail Order > Broker > HFT (PFOF) > Exchange (payment for limit orders). The argument is their fees are inexpensive and much cheaper than the Big 3 but the underlying benefit is this will allow them to bypass the other exchanges completely. + +This goal will have the ultimate effect of making the traditional exchanges non-entities in the marketplace. This isn’t hyperbole either. Despite coming into existence in late 2020 and competing against 16 exchanges, they sat as the **6th largest** in April and their increase between March and April was **46%**. Wall Street is backing this one with all their might. + +You guys will remember the whole '*Meme' stock prices may not properly reflect demand‘*. Stacey, the NYSE President, seemed to be referring to dark pools but I would speculate she was also pretty pissed at MEMX. + +**ATS (Alternative Trading System) - “Dark Pools”** + +The ones we all know and love. They are private exchanges, can help with liquidity and stability but not so much with transparency allowing for abuse and conflicts of interest. They help match **large** buy and sell transactions without the stricter regulation of lit exchanges. They do have reporting requirements to FINRA and are governed by SEC Regulation ATS. + +You can find a list [**here**](https://otctransparency.finra.org/otctransparency/AtsData) of the registered ATS under ATS Data. You can also use the ATS Issue Data to search for GME specifically. + +You will notice that a lot of the members of MEMX have their own dark pools. That coupled with the different types of institutions on there may lead to governance issues down the line. Citadel used to have one called Apogee before they abandoned it in favour of a SDP (see below). + +You may also notice OTC data, this does not fall under ATS / dark pools. Think of these like direct transactions between two financial institutions. Volume data is also available on the linked website. + +Gary Gensler noted that in January “*nearly half of the trading interest in the equity market either is in* *dark pools* *or is internalized by wholesalers”.* But he also further noted that only **around 9%** of January’s trading volume was on dark pools. **So where is the missing approx 41%?** We’ll come to that in a second. + +Dark Pools have been subject to plenty of documented abuse (courtesy of **The Tokenist**): + +* On October 3, 2012, [SEC charged eBX LLC](https://www.sec.gov/news/press-release/2012-2012-204htm) for failing to protect the confidential information of its subscribers, allowing third parties to use the information. +* On June 6, 2014, [SEC charged a New York broker](https://www.sec.gov/news/press-release/2014-114) for mishandling confidential information and using it for marketing purposes. +* On January 15, 2015, [SEC charged UBS Securities LLC](https://www.sec.gov/news/pressrelease/2015-7.html) for failing to disclose an order type that it pitched exclusively to market makers. +* On August 12, 2015, [SEC charged ITG and AlterNet Securities](https://www.sec.gov/news/pressrelease/2015-164.html) for operating a secret trading desk and misusing confidential trading data. +* On January 31, 2016, [SEC charged Barkley Capital and Credit Suisse](https://www.sec.gov/news/pressrelease/2016-16.html) for numerous violations, among them executing 117 million illegal sub-penny orders. +* On September 14, 2018, [SEC charged Citigroup](https://www.sec.gov/news/press-release/2018-193) for misleading dark pool users and routing orders in other trading venues. +* On November 7, 2018, [SEC charged ITG and AlterNet Securities](https://www.sec.gov/news/press-release/2018-256) again for similar violations as the last time. + +**OTC Transactions** + +OTC are transactions directly brokered between two participants. If you refer to the OTC FINRA reports [**here**](https://otctransparency.finra.org/otctransparency/AtsData)**,** you can begin to compare how much goes through as OTC and how much goes through as ATS. You can see how much it is weighted towards OTC, sometimes as much as 10:1 OTC to ATS. + +As mentioned above, Gary Gensler noted that in January “*nearly half of the trading interest in the equity market either is in* *dark pools* *or is internalized by wholesalers”.* But he also further noted that only around 9% of January’s trading volume was on dark pools. **The missing 41% is the Internalization by wholesalers through OTC and SDP’s.** + +**SDP (Single Dealer Platform) - ”Fucking Invisible Pools”** + +This subreddit is widely familiar with Citadel Connect. These are unregistered dark pools specific to the originating company. They do not have to report volume to FINRA. They are not covered by Reg ATS or Reg SCI. + +By now, we can slowly start to appreciate Citadel’s dominance - they are a member of MEMX, they are a huge, if not the largest, MM on The Big 3 Exchanges, they have a supporting hedge fund entity and in terms of sheer volume, they just dominate from how Ken bragged about their statistics as a securities wholesaler - [47% of US-based retail trading volume](https://www.citadelsecurities.com/products/equities-and-options/) and their status as a significant part of PFOF revenue streams, such as seen in RobinHood. This wholesaler dominance is a point Gary Gensler has highlighted as a big area of concern for all the right reasons. + +Good reminder, Citadel Securities were given a [$22 million penalty in 2017](https://www.sec.gov/news/pressrelease/2017-11.html) for “*misleading statements suggesting that it would provide or try to get the best prices it saw for retail orders routed by other broker-dealers*“. [Citadel have also made comments on OTC and SDPs and how they should be defined.](https://www.finra.org/sites/default/files/notice_comment_file_ref/18-28_Citadel_comment.pdf) + +**So What Other SDPs Are There?** + +**Virtu** – “VEQ Link“ - [https://www.virtu.com/uploads/documents/VEQ-Execution-Protocols.pdf](https://www.virtu.com/uploads/documents/VEQ-Execution-Protocols.pdf) + +**Jane Street**  – “JX” - [https://www.janestreet.com/institutional-services/electronic-trading-platforms/](https://www.janestreet.com/institutional-services/electronic-trading-platforms/) + +**Barclays -** “BARX Book for Equities” - [https://www.tradersmagazine.com/xtra/barclays-nasdaq-launch-barx-single-dealer-equities-platform/](https://www.tradersmagazine.com/xtra/barclays-nasdaq-launch-barx-single-dealer-equities-platform/) + +The thing that really sticks out is the level of fragmentation of equity trading in the US all under the guise of market efficiency and lower costs. Now even banks are trying to get into making their own SDPs. + +**Conclusion** + +**The key takeaway is that there is a staggering amount of** **Internalization by Market Makers,** **which prevent trades going through lit exchanges and which are instead being diverted to off-exchange via OTC, SDPs and ATS (Dark Pools). OTC to Dark Pool ratio of off-exchange trades alone are 4:1 and in some months, as high as 10:1.** +I got 4* surfaces fillings but they claimed 18* to the IC to maximize their profit. I don't have to pay btw but I feel bad that insurance companies paying way more than how much they suppose to pay out to the hospitals. + +If yes, how and where do I report this to? +after losing most of my money on options, ive come to realize that the best way to make consistent gains is to have more money to put in the market. + +enter the plan i came up with after failing my geology exam. + +1. apply for fafsa and use my scholarship to pay my tuition. + +2. apply for my university covid relief fund, exaggerate the numbers to receive the full $10,000 + +3. create an LLC + +4. apply for a small business loan through my LLC using the fafsa & covid money as collateral to make up for my lack of business history, aim for $50,000 at 4% apr (made these numbers up in my head) + +5. deposit the money directly into my “LLC’s” brokerage and enable margin trading to get up to 8x leverage with 7% margin interest. + +6. my LLC will have gone from $20,000 cash to $400,000 in buying power (20x leverage) which will strictly be used on options to provide even more leverage. + +7. beat 11% to pay down interest, keep the profit. even a 20% year ($80,000) would net me $36,000 after paying interest. this is more than my original collateral. + +8. if my LLC loses all of its money, the company will declare bankruptcy and i will lose the collateral but i will not be liable for the $400,000 in losses. +[Good afternoon r\/Superstonk, Jellyfish here hoping everyone is having an awesome Friday afternoon! If you are curious how to set up an E t h e r u m wallet, this post is for you! \(p.s., I used these same steps to connect my wallet and purchase the jellyfish to the moon NFT you see above\)](https://preview.redd.it/jzj48tyk9ki71.png?width=600&format=png&auto=webp&s=fa001c29ed3a79830184ddfa971dfdc6742a09b1) + +# Setting up a Wallet + +Personally, I use MetaMask in combination with a cold storage wallet. However, if you are first starting out, the expense for a cold storage wallet might not make sense. That's okay! + +You can set up a MetaMask account that will give you an E t h e r u m address, you just wouldn't have the extra security factor (having to physically sign off on transactions with the cold wallet). + +However, as long as you protect your MetaMask password and recovery key (seed) you should be just fine! Personally, I try to avoid typing my seed on any computer, as anyone who gains access to those words would be able to gain access to your wallet. Protect these like you would any other important documents (birth certificate, social security card, etc). + +**With that disclaimer out of the way, let's walk through setting up a wallet!** + +What is MetaMask? + +**MetaMask** is an Ethereum Browser and Ether wallet that interacts with **E t h e r e u m Dapps** and **Smart Contracts** without the user having to run a full Ethereum node. MetaMask add-on can be installed on [Chrome](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en), [Firefox](https://addons.mozilla.org/en-US/firefox/addon/ether-metamask/), [Edge](https://microsoftedge.microsoft.com/addons/detail/metamask/ejbalbakoplchlghecdalmeeeajnimhm?hl=en-US), and [Brave](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en). + +For this example, I am going to walk setting up MetaMask via Chrome. The steps for other browsers should be similar, but happy to help try and assist if you run into any issues! + +First, open Chome and navigate to the [Chrome](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en) extension page and select 'Add to Chrome': + +[https:\/\/chrome.google.com\/webstore\/detail\/metamask\/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en ](https://preview.redd.it/ri7qy52caki71.png?width=1632&format=png&auto=webp&s=b9ff42d709ee044a74353b4dcff39d05e380b2a6) + +After clicking 'Add to Chrome' you will be presented with: + +[Select 'Add extension'](https://preview.redd.it/2vbbaiffaki71.png?width=565&format=png&auto=webp&s=23ad31b25e54ec20d131eee4758f2575b11d39cd) + +Once installed, you should see: + +[Select 'Get Started'](https://preview.redd.it/rbl0de9jaki71.png?width=723&format=png&auto=webp&s=fe5a5b2fc328c1060e04a8944e0a8488da3fa90d) + +[Since we are setting up a wallet for the first time, we want to 'Create a Wallet' ](https://preview.redd.it/5jvc271laki71.png?width=1272&format=png&auto=webp&s=be61c4c74ebf98cb5d63870bb39c88e259f6fed5) + +[Select 'I Agree'](https://preview.redd.it/of3jpg7naki71.png?width=1253&format=png&auto=webp&s=d8f88f94592208f8241c79b3340b53f3869f8ff9) + +Next, you will be prompted to create a password for your MetaMask account. Personally, I use a password manager and had it generate a nice long and complicated password. Whatever you do, please avoid Password123 of something easily guessed!: + +[ Make it a strong password! ](https://preview.redd.it/ffjpqrvqaki71.png?width=685&format=png&auto=webp&s=be30a427c4922bd71c0c2acdda8371c15b2d7cd2) + +This next step is absolutely critical, please watch the video and be absolutely sure to protect your recovery phrase like it is stacks of money (because it is!). I would also avoid typing and saving it on a computer. + +[This video is well worth the watch! ](https://preview.redd.it/zko3y3h3bki71.png?width=1501&format=png&auto=webp&s=754fdd5e428ad04757bc668166529b9446c0ad09) + +[Listen to Gandalf!](https://i.redd.it/tazzjp51bki71.gif) + +[ Back them up! Then click 'Next' to confirm you have it all correct. ](https://preview.redd.it/u1wht0f5bki71.png?width=1114&format=png&auto=webp&s=f90b9ac47fe8a81a2a3afd8e2d6c99648c42a3f6) + +[ Congratulations, you have now set up your wallet! ](https://preview.redd.it/bzs05qo6bki71.png?width=1145&format=png&auto=webp&s=9226b2520472026dce22536dab2cefd11df41876) + +[ Now you can fund your wallet! If you mine, you could set your rewards to hit the address. If you are going to buy from an exchange \(C o i n b a s e, B i n a n c e, K r a k e n, etc\), you could send the purchased E T H to your newly set up wallet address! ](https://preview.redd.it/s2rbihr7bki71.png?width=1580&format=png&auto=webp&s=091b84690dc89e36d43591df942f80d1a6c77f12) + +[Thanks for taking the dive with me on setting up a wallet! Please let me know if you have any questions or concerns as happy to try and assist. Thanks and I hope you have a great rest of your Friday and an even better weekend!!!!](https://i.redd.it/jaibig6ebki71.gif) + +EDIT: u/MrMadMinecraft u/starlordee u/MrPinkFloyd: + +How would you suggest I can avoid this post (and any other post in the future) from seeming like an Ad moving forward? Is it all the screenshots? I find if I type too many words without some sort of visual breakdown, I lose folks. + +I can assure you, this post was not sponsored in any way. The 'idea' for the post arose from folks dropping me messages and comments asking if I could put something together on this topic. I guess since I have posted as honestly and completely as I can about crypto, inflation, the SEC, etc. in the past, some folks thought I might be able to put something together on this topic that could be helpful, so I tried. + +To be honest, I was petrified of coming off as shilling before posting. I didn't imagine it would be about MetaMask though. I thought I would get called out for the brand of cold storage I use, hence going back and removing any specific references before posting and only speaking to it generally as a cold wallet/storage. + +I only posted on MetaMask because that is all I ever have used (after researching some time ago for my own personal needs) and have never felt the need to move on. + +I would be happy to try and put something together on other wallets (which I assume is similar in steps) but would not be able to speak to or vouch for it like I can with the wallet I actually use. + +To those questioning if I am a paid shill or what my motivations could be? I did this for the same reason I take the time and effort to put any other post together: I am an ex-educator who left the field because I couldn't make it work economically but still has the itch to help others learn and grow in their understanding--these Reddit posts (selfishly) have scratched that itch for me. + +This post has only come from a place of wanting to help others understand, no more no less. + +To those in the comments saying they want to wait until they hear something official from GameStop, I applaud that! Information straight from the source is best! However, as I mentioned, there are others who would like to dip their toes into the NFT/crypto waters beforehand and this was only an attempt to try and help them in their journeys. + +I appreciate everyone interacting with, challenging, and questioning the information they read here (and anywhere)--as it truly leads to the best discourse and sharing of ideas! If I am inadvertently running afoul of the rules, please let me know as I am happy to correct or remove any offending posts, but as of yet, I haven't heard anything from the mod team about this post (or any previous posts) being an issue. + +Please let me know if you have any follow-up questions or concerns as I am happy to try and address them. Thanks and I hope everyone has a wonderful rest of their weekend! +I'm 30 years old, married, and have 2 kids. +Long story short: In June 2014 I got a new job(Job B) that paid 25% more than my last job(Jab A). Then in October 2014 that job got outsourced but the outsourcing company liked me and offered me a job(Job C) making close to 75% more thatn what I was making at my previous job(job A). So my first year making this much money I splurged A LOT. To the tune of $12k. I worked hard these past 5 years so I wanted treat myself. + +Here's what I spent the money on(Ballpark estimates) + +$1500- Watercooled gaming PC + +$500 - FreeNAS machine + +$500 - PS4 and games + +$500 - Wii U and games + +$800 - 3DS and games. it was actually 3 different 3DS systems which were $470 + +$600 - Funko Pops + +$1500 - Phones( I had to get a one replacement because 1 of the phones broke) Otherwise this would have been closer to $1000 + +$500 - DSLR + +$1000 - Furniture that were optional and not NEEDED but I wanted + +$1200 - 1/2 grass fed Cow + +$500 - Anime boston + +$1500 - baby stuff + +$1500 - presents, birthdays and misc + +Aside from the cow I don't see anything on this list that I'll likely get again. +I'm going to get modest with presents and birthdays. I'll probably skip anime boston this year or if I go I'll control myself with the spending. +Realistically speaking I don't think I'll be saving all $12k but $8-10k should be realistic. +What I should do with that money is where I need help. +My credit is not great so I would like repair and make it better. I'm at about 650 ish credit score and I'd like to be at 750. + +I have about $32k in student loans that I'm paying back on time every month and reflects good on my credit +I just financed a car for $24k. like 2 weeks ago. 5.09% interest which is not great but it's not bad. I can live with it. +I paid off my previous car this year but I did miss some payments during the finance term and I'm wondering if there's anyway I get this removed from my credit report. Like as an act of good will or something. +I have a private student loan that I been avoiding. but I'm pretty sure it's affecting my credit score badly. Like I graduated college in 2011 and I have just not been picking up their calls which is dumb I know. +I have an upcoming court date with BoA about a CC that was closed a long time ago so I'm not sure it still shows up on my credit report but I think the firm representing them keeps pulling up my credit and that might be affecting it badly. + +I think there's 2 other misc things on my credit that are fairly cheap to pay and have removed from my credit report I hope. 1 is Early Termination FEE from verizon and I forget what the other one was but the 2 are about $400 together so easy enough to take care off. +I only have 1 line of Credit and that's with Amazon. It's a very high interest rate card but I only use it with the special financing option which doesn't charge interest. IF paid off in a year ($500+) or 6 months ($150) +No savings. Planning on getting on my company's 401k during open enrollment. But no other plans as far savings and other types of accounts that helps me get more money + +So PF gurus what do you think the best course of action should be for me. Please guide me because I'm terrible with money and never realized how important credit was in this country. + +Thanks in advanced. + +Edit here is my Salary and expenses +Salary is $70k/year it's broken down weird though but whatever still $70k + +$60k salary + +$6k in regional living expense bonus (6k/26) + +$4k in quarterly performance bonus($4k/4) + +I get paid bi weekly. I take home about $3900 after taxes and health insurance every month. +I get $1k every quarter for my bonus + +My expenses + +$1000 rent + +$500 car ($421 minimum) + +$130 car insurance + +$220 student loan(The one I'm actually paying) + +$110 Cell phone bill + +$220 train pass + +$70 gas + +$50 diapers and other bay stuff + +$500 food + +So that leaves me with a $1k +Has anybody tried copying the trades published by the tastytrade team? The entire premise of their platform is built around theta gang play which is perfect for us. + +They have of course done more research, back testing and applied the best practices in their trades. So wondering if copying what they do is a good formula for success +Help me understand why rates rising by .5% , 1% or even 2% causes sell off in top companies like apple, microsoft, google? These companies grow revenue and profit easily by 10-15% per year and few points rates does not have much impact on their balance sheet. + +Apple and google have more cash equivalents than debt so , in theory, they don't even need to borrow for next 5-10 years to grow. +I see that the max VIX has ever reached was 60 in 2008. + +Do you see any downside selling VIX calls at 60 and in case things go bad keep rolling until it gets down? +Sorry if this sounds dumb, I am new to this. + +For example, you would think due to the pandemic + +1. fitness companies like Peloton or other membership based online companies would increase because people are working out from home +2. Gyms would drop heavily since they're closed currently. +3. they say everyone is buying tissue but even the stocks on those companies hasn't risen + +But sensible connections don't seem to reflect the market. What are some resources that could help me understand this? Thanks! +I'm 35, I'm salaried at $54,000 and I have 11K in my Roth IRA contributing 6% every paycheck with my employer matching that amount. I get a 2.5% raise every year. I have a 7 year old daughter who I claim as a dependent but claim no dependents throughout the year to increase my tax return. + +I got started saving for retirement later in life after a failed marriage and being saddled with about 25K in credit card debt and another 3K in miscellaneous debt after my divorce. + +My friends say it's a decent start but I feel like just contributing the 6% every paycheck isnt really cutting it. I feel like by the time I'm retirement age there wont be all that much there to supplement my income. + +How should I be better saving for retirement? + +EDIT: I should as also mention I paid off all my debts, I'm completely debt free at the moment. I own my car, paid off outstanding credit card debt and miscellaneous debt and have a credit score of 802 at the moment. +Good evening all, + +I started a thread a few days ago about how I should be thinking about purchasing a house. This is a big purchase that will consume most of my liquidity, so it is definitely something that I want to have a firm grasp of before going ahead with it. The replies on that thread were remarkably helpful and certainly did a lot to get me in the right frame of mind for how I should view such an important purchase. The key takeaways that I got from it are (and feel free to correct me): + +1. Automatically equating housing to wealth accumulation is a false equivalency that can lead to disaster. There is a great difference between buying a property to live in and purchasing property as an investment. +2. Purchasing a house is as much an emotional consideration as a financial one. If you're buying a home that you intend to live in long term it's arguable whether you need to be worried about what the housing market is going to be like in 5 - 10 years. What the market looks like only becomes a consideration when you need to sell you property. Until then, it's your home and you're just concerned about paying it off. +3. Your mortgage is a liability, and this should impact how you view 'owning' your home until that liability is gone. This isn't to say that having a mortgage is necessarily a bad thing, only that if all big financial investments involve risk, this is yours and it's important to appreciate what that risk is and how to mitigate against it as best you can. + +So with this in mind I want to look at the other side of the housing equation; rent. I currently rent with a good friend, so rent is a fairly manageable expense at the moment. That's not going to last forever and if I do strike out into the rental market it'll be the first time that I've done it on my own. So while the last thread was about me learning to understand how to think about buying a home, I'd like this thread to be how do I think about renting. With that in mind, here are some of my assumptions/questions. Any feedback or comments are greatly welcomed: + +1. Rent is dead money. I hear this a lot from family and friends, and the inference seems to be that paying off someone else's mortgage is a waste of your own money and that it is better to get your own mortgage and dedicate that money to paying it off. But I've also conversely been told that viewing rent as a sinkhole is only correct insofar as you view other necessary services as financial sinkholes. These people seem to view rent as a service, where you pay extra but you're also covered from a lot of risk because you don't own the asset (the house) and as a result the liability (the mortgage) that comes with it. +2. If you don't buy a house, you're setting yourself up for financial ruin in the long term. Full disclosure, I'm 36 and have never had a mortgage. I have a well paying job and a very good amount in super. I also have no debt. So I understand that defining things like 'financial ruin' are very individual considerations. But the overall gist of this sentiment seems to be that home ownership (and I note that the people who speak to me about this seem to very specifically mean a house on a plot of land, not an apartment or townhouse which is what I'd realistically be able to afford if I did get a mortgage). Whilst undeniably more expensive, are you setting yourself up for financial hardship if you choose to or are forced to rent for the majority of your life? +3. Rent is insecure housing. Since the last thread, I've developed a better appreciation for what is meant by risk. One of this big risks that people do seem to have with rent that strikes home with me is that renting in Australia is inherently insecure. Long term rental agreements beyond 12 months are pretty much unheard of and I've been told that tenant rights in Australia are notoriously bad. Are there any thoughts on this or how to mitigate against it (beyond just getting a mortgage). + +If there's anything else that you think I missed out on and need to know, feel free to bring it up. Like I said any feedback on the above points is welcome. Whenever I speak to my family/friends about housing the overwhelming feeling that I get is one of fear. But it's exacerbated by a large amount of ignorance. I don't like the idea of being terrified about what has traditionally been a big but ultimately pivotal decision in the life of many Australians, so I'm trying to combat that by learning as much as I can. I'm not wedded to renting/buying either way, I'm just trying to learn as much as I can so I can make these decisions in as well informed a manner as possible. + +&#x200B; + +Cheers. +I seem to recall doom and gloom headlines 12-24 months ago stating the world was going to end because of the volume of interest only mortgages about to expire and switch to principal and interest. + +What has happened since? It doesn't look like anything negative has transpired. + +Would like to hear the r/AusFinance community's thoughts. +I'm 32, single, and have grown up in the Boston area all my life. I've never lived in another city. I've worked for the same company, in a niche industry, for 10 years, and make high $80s to low $90s. Net worth is $450k. Currently save 45% of gross salary, and I plan to be financially independent by mid 40s. + +I feel like I've hit a wall at my current company in terms advancement opportunities. Our main competitor is headquartered in Philly, and has an opening for a director level position. The interviews are going well, and the ballpark salary is around $140k. + +My preliminary research shows that Philly is a cheaper city than Boston, so a big salary increase + lower CoL is a double win, and will accelerate FI. Having said that, I've also read that Philly is dirty, has a fairly large homeless and drug problem, and higher crime rates overall. + +All of my family and friends live in Boston. I wouldn't know anyone in Philly. The salary increase would be so high though, that I feel like I need to take it just to set the bar for future negotiations with other companies. + +What would you do? + +**Update: Thank you everyone for all of your responses. It's nice to hear from people who live in Philly, and from people who have lived in both cities.** + +**I left this out of the original post, but I do have one parent and one grandparent with health issues. Though they are both improving, part of me feels selfish for leaving the other parent to care for both by herself. As people said though, the plane ride is quite short, so it wouldn't be hard to visit often.** + +**Update 2: Crazy day! I just heard back from another company in NYC to which I had applied several weeks ago. Salary is likely higher than $140k, but CoL is also much higher. Let's see if I can leverage the potential offers against each other. Never been in such a fortunate position before. It seems to pay not to be complacent, and to look for opportunities outside of your home city if possible.** +This morning someone crashed into the rear of me. Having told all the insurers provided evidence etc the insurers have come back and said I have to pay for my own repairs because it was an Act of God due to weather conditions. Am I stuck with having to pay out? What should I do? + +Edit: Success Story. I've relayed the advice of a solicitor to my insurance and they have paid out. Thank Jesus in this case. Cheers Guys! +We have been and still are more than one step ahead of the short hedge funds. + +Wanna hide your FTDs in deep ITM puts months off in the distance? Found you! +Wanna route your buys through dark pools to not affect price? Found you! +Wanna hide your Captial in offshore accounts? Found you! +Wanna stay up late preventing your demise? Well, they make that quite easily actually. + +What I am trying to say is that we have amassed the most knowledgeable group of apes and r'tards that can rip every single move of theirs to bits. + +As always, expect fuckery, but they're out of options. It's been a can kick for months. + +Just think, you've seen the clip, Citadel did everything they could to survive just one more day after 2008. They were fine in the run up till the markets crashed, just think how now they're bleeding to death. When the market pops, they are done for. Gone. Hedge funds are spiraling towards a financial black hole and GME is going to suck it all up. + +This is the end for hedge funds, they've enjoyed a 40 year financial fuck fest of screwing the little guy. Not anymore. + +How terrible of me, I forgot these + +🦍🚀👉🌑💎🙌 +The New York Democrat Mitch Schumer released a video on his Twitter account Thursday featuring a conversation with Sens. Cory Booker of New Jersey and Ron Wyden of Oregon about the ills of marijuana laws and to announce that they would be introducing their legislation in the coming days. + +https://nypost.com/2021/03/18/schumer-says-he-will-introduce-a-marijuana-reform-bill/ + + +And the legislation will focus on small businesses!! Great for penny stocks!!! + + +“We don’t want the big tobacco companies and the big liquor companies to swoop in and take over,” Schumer said. “The legislation we have will make sure that smaller businesses, businesses in communities of color, get the advantage because communities of color have paid the price for decades. They should at least get something back.”   +As an owner of real estate including shopping malls, office buildings and hotels, Brookfield Property Partners (BPY.UN) has taken a direct hit from the novel coronavirus. The units have plunged about 37 per cent this year, which has pushed the yield up to about 12 per cent – a level that normally signals substantial risk of a distribution cut. + +Given the leverage inherent in real estate and the highly uncertain course of the pandemic, BPY’s units are “only suitable for more risk tolerant investors, in our view,” Neil Downey, an analyst at RBC Dominion Securities, said in a research note published in May. + +That said, there’s a case to be made that the dividend may be secure despite the outsized yield, Mr. Downey said. + +When BPY released first-quarter results in May, it maintained its quarterly distribution at 33.25 US cents and offered no hint of a potential cut. In a letter to shareholders, chief executive officer Brian Kingston stressed that BPY’s “distribution policy is based on the long-term view of our business, with a healthy respect for the cyclicality of economic and real estate cycles.” + +Mr. Kingston added that, “while a prolonged economic contraction would impact cash flow in the longer term, we continue to have more than sufficient resources to pay our stated quarterly dividend.” + +There is also some history in the Brookfield family that may add some perspective. + +In 2007, before the financial crisis, Brookfield Office Properties (which was privatized by BPY in 2014) traded for more than US$30 a share. By March, 2009, the shares had plummeted to about US$5. Yet the company maintained its dividend throughout the crisis. During that time the yield soared from a low of 2 per cent to a high of 11 per cent, before it eventually fell to 3 per cent at the time of privatization. + +Maintaining BPY’s distribution may also be in the best interest of its parent, Brookfield Asset Management Inc. (BAM.A). BAM’s 55-per-cent stake in BPY generates annual cash distributions of about US$700-million, and the parent “places a high value on the optionality of this cash,” which it can deploy into other investments or use to repurchase shares of BPY or BAM, Mr. Downey said. + +Moreover, if BPY were to cut its payout, BAM would potentially lose up to US$57-million of “incentive distributions,” which BAM is entitled to receive when BPY’s distribution is above certain levels. + +Maintaining the distribution is manageable, other analysts said. In a May note, CIBC World Markets analyst Dean Wilkinson projected that, assuming no change in the distribution, BPY’s payout ratio will soar to 132 per cent in 2020 and 104 per cent in 2021. But that would not be cause for panic, he said. + +“We believe it is important to note BPY has ample liquidity to cover these shortfalls in the near term, and the elevated payout ratio should come down quickly over the next two years as the recovery progresses,” Mr. Wilkinson said. + +Both Mr. Downey and Mr. Wilkinson have “outperform” ratings on BPY units. At the time of his report, Mr. Wilkinson estimated that BPY’s units were trading at an “overly punitive” discount of 64 per cent to the estimated net asset value of its properties. + +Even as the coronavirus pandemic has accelerated, BPY’s unit price has gained about 28 per cent over the past three months. This may signal that some investors are starting to look past the pandemic, perhaps encouraged by news about potential vaccines. BPY’s announcement on July 2 that it intends to repurchase up to 74.2 million units for US$12 each may have also helped. BPY closed Friday at US$11.05 on the Nasdaq Stock Exchange and $14.81 on the Toronto Stock Exchange. + +Buying assets when they are out of favour can be a profitable investing strategy. But the long-term consequences for malls, offices and hotels are highly uncertain given the unpredictable nature and duration of the pandemic. Keep these risks in mind before you take the plunge with BPY’s 12-per-cent yield. + +https://www.theglobeandmail.com/investing/education/article-tread-carefully-with-brookfield-propertys-12-per-cent-yield/ +Hi, + +I've been offered a job in Oxford. I was looking at places to live and I would probably pay close to 700ppm for living (bills, rent, etc) not including food etc. And I'd spend near 60ppm on petrol. + +However, my parents live in Woking Surrey and the commute is about 1h10mins. I would pay 0 rent and be able to save a bit, but I'm hesitant with that commute. It sounds fine and doable, but what is a commute like that actually like? +I'm 28 with ok savings and I'm happy paying rent at 700ppm, but also that is a lot to be saving instead. I mostly don't mind my current commutes of 30 to 40 mins but how much worse is 70 mins. + +What advice would you have for me? + +Edit: petrol would be about 200ppm, I've got a bike that does 110mpg and is what I typically commute on, and this is 5 days a week. However even if I had a car at 50mpg, its under 400ppm. +Research show that people rarely rise above the social class they were born in/grew up in. Basically, if you grew up poor, you will most likely stay that way. +Well even when I was doing good financially I was still depressed. But now that I’m poor I’m even more depressed than ever. The constant threats about being evicted, student loan payments in default, late credit card payments. And even worse is that I’m being rejected from jobs left and right. I am just losing hope and can’t live like this anymore. Every single day is a battle and I can’t do it anymore. +I see a lot of talk on here about the big tech and disruptors, but not much about Aristocrats like ABBV. + +With such a good earnings report, the Allergan acquisition and new drugs coming down the line to diversify their income stand, I'm honestly surprised to see nothing come up about them. + +With a 10% increase to their dividend (1.30$ a quarter) does anyone have reason to believe ABBV wouldn't be a great play/awesome value, outside of the Humira wannabes? +The latest upgrades: + +* Smart contract compatibility with contract to contract calls.  This allows complex dApps to be built that can efficiently and trustlessly interact with other smart contract based dApps to extend functionality and usability.  Additional details and background on this tech can be found [here](https://medium.com/algorand/hello-contract-calling-abff8fc00939).  +* Post-quantum secure **Falcon Keys**, Algorand’s first major milestone on its path towards trustless cross-chain interoperability.  These keys will, in the near future, be used to generate **State Proofs,** a new blockchain infrastructure that will allow Algorand to be trustlessly accessed in low-power environments like mobile phones, smart watches, and on other blockchains. For more background on State Proofs, please see an overview [here](https://medium.com/algorand/algorand-state-proofs-707d64038e35).  + +Developers are now able to build complex dapps for the Algorand ecosystem with smart contract-to-contract calling and network participants can take their first step towards trustless cross-chain interoperability with quantum-secure keys for the upcoming State Proof technology. These network upgrades come on the heels of a $20 million incentive program from the Algorand Foundation focused on developer tooling and[ EVM compatibility](https://algorand.foundation/news/10-million-evm-compatibility-grant), putting Algorand at the forefront of blockchain interoperability and post-quantum security while providing features for even more advanced decentralized applications.  + +These features add to Algorand’s already advanced tech, high performance and robust developer resources. Smart contracts on Algorand can be written in Python or Reach, making it accessible for developers of all skillsets.  + +Algorand has experienced zero downtime since launch, helping it become the blockchain of choice for hundreds of organizations launching DeFi protocols, NFTs, payment solutions, regulated digital assets, and more. The network supports applications that can scale to billions of participants, all on a high-speed, carbon-negative, secure and stable blockchain.  +https://certik.org/projects/hogefinance + +HOGE is about to moonshot, all the naysayers and people who thought it was a rug pull will be buying as soon as the audit is complete. To the moon 🚀🌕 + +Once HOGE is audited it will start to spread like wildfire, there is only 30,000+ wallet holders so far. Plenty of room for exponential growth. + +You can buy HOGE through Uniswap or WhiteBIT. Tutorial on the HOGE.finance website + +UPDATE: Security rating now 93, exceeding the previous rating of 86, Which is higher than Pancake Swap! +I found the average holdings of the following famous portfolios: + +* Bernstein's No Brainer Portfolio + +* Coffeehouse + +* Boglehead + +* Swensen Unconventional + +* Ultimate Buy & Hold + +* Permanent Portfolio + +* Swedroe Minimize Fat Tails + +* Ivy Portfolio + +* Rick Ferri Core Four + +* Couch Potato Portfolio + +* 7Twelve + +* All Seasons + +* Desert Portfolio + +* Coward's Portfolio + +* Vanguard LifeStrategy + +* Sharpe World Market Cap Portfolio + +HOLDINGS | Averages | Rounded | Total Markets +---------|----------|----------|---------| +Total US | 20 | 20 | 37 +Large cap US | 4 | 5 | _ +Large cap value | 2 | _ | _ +Small cap US | 4 | 5 | _ +Small cap value | 3 | 5 | _ +REIT | 5 | 5 | _ +Total International | 10 | 10 | 15 +Developed | 2 | _ | _ +Emerging | 2 | _ | _ +International small cap | 1 | _ | _ +Total/Intermediate bond | 18 | 20 | 40 +TIPS | 7 | 5 | _ +ST Bond | 5 | 5 | _ +LT Bond | 5 | 5 | _ +Global Bonds | 4 | 5 | _ +Alernatives/Commodities | 3 | 5 | 8 +Cash | 2 | _ | _ +Gold | 3 | 5 | _ + +In the end, the averages lead to a end result of [37/15/40/8 for US/Intl/Bond/Alt holdings](http://imgur.com/a/OoF2C). This is very similar to the 60/40 most portfolios recommend for best risk/return. + +If you can't make up your mind about which investor's sage advice to follow, this could be a way to follow everyone's advice all at once! + +EDIT: [Backtest with commodities](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=2&startYear=1972&endYear=2017&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&portfolio1=Custom&portfolio2=Custom&portfolio3=Moderate+Portfolio&TotalStockMarket1=20&TotalStockMarket2=37&TotalStockMarket3=39&LargeCapBlend1=4&LargeCapValue1=2&SmallCapBlend1=4&SmallCapValue1=3&IntlStockMarket1=10&IntlStockMarket2=15&IntlStockMarket3=21&IntlDeveloped1=2&IntlSmall1=1&EmergingMarket1=2&TreasuryBills1=2&ShortTreasury1=5&LongTreasury1=5&TotalBond1=18&TotalBond2=40&TotalBond3=32&TIPS1=7&GlobalBond1=4&GlobalBond3=8&REIT1=5&Gold1=3&Gold2=8&Commodities1=3) limited to 2007. Very little difference. + +[Backtest to 2001](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=2&startYear=1972&endYear=2017&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&portfolio1=Custom&portfolio2=Custom&portfolio3=Moderate+Portfolio&TotalStockMarket1=20&TotalStockMarket2=37&TotalStockMarket3=39&LargeCapBlend1=4&LargeCapValue1=2&SmallCapBlend1=4&SmallCapValue1=3&IntlStockMarket1=10&IntlStockMarket2=15&IntlStockMarket3=21&IntlDeveloped1=2&IntlSmall1=1&EmergingMarket1=2&TreasuryBills1=2&ShortTreasury1=5&LongTreasury1=5&TotalBond1=18&TotalBond2=40&TotalBond3=32&TIPS1=7&GlobalBond1=4&GlobalBond3=8&REIT1=5&Gold1=6&Gold2=8), substituting gold for commodities. Slightly better than LifeStrategy Moderate Growth. + +Lastly, [backtest to 1995] (https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=2&startYear=1972&endYear=2017&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&portfolio1=Custom&portfolio2=Custom&portfolio3=Moderate+Portfolio&TotalStockMarket1=20&TotalStockMarket2=37&TotalStockMarket3=39&LargeCapBlend1=4&LargeCapValue1=2&SmallCapBlend1=4&SmallCapValue1=3&IntlStockMarket1=10&IntlStockMarket2=15&IntlStockMarket3=21&IntlDeveloped1=2&IntlSmall1=1&EmergingMarket1=2&TreasuryBills1=2&ShortTreasury1=12&LongTreasury1=5&TotalBond1=18&TotalBond2=40&TotalBond3=32&GlobalBond1=4&GlobalBond3=8&REIT1=5&Gold1=6&Gold2=8), substituting ST bond for TIPS. Slight advantage to most diversified average of portfolios in both worst drawdown and final CAGR. + +Backtesting can depend on the time frame you look at so the conclusion is - it all depends. +Continued from [part 2.1](https://www.reddit.com/r/Superstonk/comments/qx8yyu/the_algorithm_the_ouroboros_part_21_exposing_hf/): + +# It's just the stock market, how much can it cost? $0.25? + +I forgot the dude that did the $0.00 shit back in the day but I wanted to give him a small shout out for being right. I don't know he had any idea how right he was. + +# More of this Fake Ass OHLC + +The below table shows the OHLC values which ended in multiples of $0.25 versus their respective date. In 2021, there is a significantly more occurrences of $0.25 intervals OHLC values than compared to any other time. Given how we know 2021 has been a fucked year, it’s safe to say we can use the $0.00 and $0.50 as a type of fuckery baseline to identify when it also occurred in the past. + +[Dates with a $0.25 OHLC Value](https://preview.redd.it/sw3ung00vg081.png?width=1128&format=png&auto=webp&s=fef5b67660439e23c7dd862d0c682c45e9048082) + +So, that's all fine and dandy. We have even more shit to show how everything is made up and the share price don't matter. + +[Even Oxi Clean can't remove the dirty from these numbers](https://preview.redd.it/gdcby6ydvg081.png?width=216&format=png&auto=webp&s=74eca06b7417050552f46ab846a1ee1bbf546307) + +More insight is given once the OHLC values themselves are separated. The blue line in the middle acts as a divider between the variable columns. Since the initial OHLC analysis suggested on the high-low are statistically correlated to volume, I focused on the Close-Open values. A qualitative visual inspection indicates how 2002/2003 and 2020/2021 years were the times with the most values with a $0.25 interval OHLC. + +I’ve discussed this phenomenon with some peers to which many replied that it’s just a stock market thing. This is why comparing across the entire history is important to know what the typical behavior is. There are multiple areas where there aren’t any $0.25 interval value, therefore, I disagree that this is “just a stock market wide phenomenon.” + +Since 2021 is pretty much known to be the baseline for “a lot of fuckery,” the multiple blank areas can be used for a potential baseline for “little to no fuckery.” + +[That's a lot of trying for a long ass time](https://preview.redd.it/ij62s9dqvg081.png?width=906&format=png&auto=webp&s=d066267f32771e5aa47ec7de6a82eb0571088a69) + +It is now the time to add a quantitative value to all this shit to help remove potential observational bias. A frequency chart helps to view each $0.25 multiple by year on a strictly quantitative view. From 2002 to present, there were a total of 1,552 OHLC values having a multiple of $0.25. I wanna state that GameStop entered the market that same year... + +# Why is this fuckery?! + +From 2002 to present, there were a total of 1,552 OHLC values having a multiple of $0.25. Of these total 1,552 OHLC $0.25 multiples, 2003 and 2021 have seen the \~21% of them. This DEFINITELY gives more confidence to the observational bias seen earlier. Furthermore, since 2021 was the metric for most fuckery, it probably is safe to say that 2003 also saw a metric shit ton of fuckery as well. + +[Frequency Table of OHLC $0.25 multiples](https://preview.redd.it/lf7mbsx1wg081.png?width=1073&format=png&auto=webp&s=2e4220818bc8a1a7641730f700e7e6355b5d105c) + +# A Lesson in Probability + +Since the closing values often ended in ".00," I isolated all the related dates. While there are a lot more, the below 4 sequenced dates is so fucking fucky and let me tell you why. + +[A Highly Improbably Event](https://preview.redd.it/vffwe03tzg081.png?width=865&format=png&auto=webp&s=22e635acbbfeaa306c85f2ddf367a07bc4d487d1) + +The first two dates not only were in order of dates ending in ".00," but they also have the same fucking HLC values. Depending on volatility, having a single value would be improbable, but these two dates have fucking 3 AND they're in fucking order! + +Next, there are 102 network days between 11/17/2004 to 4/7/2005 and then the exact same numbers of net workdays for when the next closing price ending in ".00" occurred on 8/26/2005. We have two sequenced dates that both ended ".00" AND they're the same number of days apart. + +Let's also address how the closing price for the first 3 dates are all the same, and again, they are in fucking order. + +In a perfect math book world with no interdependence, there is 4/100 chance on landing on a multiple of $0.25. In 2003, \~13% of the 252 trading days opened in a multiple of $0.25 despite how that probability is (4/100)\^252. + +While we aren't trying to sell 5,000 watermelons are figure out the time trains would cross, this is still an improbable event. There were often times within that dot plot that were left blank which indicates that having areas more crowded than a GME shareholder's meeting means some extra shit is going on. + +# Fucked Right Out of the Gate + +In a previous [DD](https://www.reddit.com/r/Superstonk/comments/owlg3z/the_algorithm_has_been_doing_this_shit_for_years/), I made this lovely visual thinking the stock wasn't being manipulated until it at least had hair in 2008. + +[Now, there's no excuse to not know where the bean is](https://preview.redd.it/bqvgc4dhwg081.png?width=624&format=png&auto=webp&s=70fb66eee96c3cbf5622001cb551f9476c639b28) + +Looking at just the frequency of OHLC $0.25 multiples and knowing that there are a shit ton and so many of them that it is improbable for it to be just because let's dive into the next level. + +# To Show More Data to Be Righter than I was Lefter + +Just as a quick macro refresher, here is the monthly OHLC candles and volume versus date. Already, there is a noticeable red candle that occurred in Dec 2002. + +[Monthly Candlesticks by Date](https://preview.redd.it/9ntcgvjjxg081.png?width=1069&format=png&auto=webp&s=33423bd600d4d3de0a281c731fceb2bb3fbee9bc) + +There is also an increasing volumetric trend beginning in 2003. Upon closer inspection, Feb 18, 2003 had both a huge green day as well as volume that does not appear to be organic in nature. + +[The fuck is this very familiar candlestick movement we've even seen in recent dates?](https://preview.redd.it/z175i4hpxg081.png?width=930&format=png&auto=webp&s=27b31f5d2d67bdbb4e8796983cf85f07bd2064cc) + +With the previous $0.25 OHLC interval data suggesting 2002 and 2003 were fucky years and other data analysis I’ve performed identifying how a lot of very improbably events, let's be even more thorough. + +Again, I've done previous analysis showing correlations of a sudden large volume date that has no organic growth to it whatsoever is hedgefuckery, so I'm going to continue with that method. Volume is a known key giveaway for fuckery, so I created a volume histogram from the first 2002 trading day (02/13/2002) to the last 2003 trading day (12/31/2003). The top 6 highest volumes days have their associated values and dates both tabled and labeled. Dec 2002 and Feb 2003 both have \*multiple\* dates with huge volume outliers. + +[2002 - 2003 Volume Histogram and Distribution Summary](https://preview.redd.it/0k6orpuhyg081.png?width=1219&format=png&auto=webp&s=c1e7041a7e989a1a8503a3974f2cd09b2ad51b7b) + +# Double Manipulation?! What does it mean?! + +Given the improbabilities of those four sequential listed dates, I tried to research if 102 net days had any market significance. I came across this [article](https://www.nature.com/articles/srep02110). I did not find the exact answer I wanted about the 102 day thing, but I did come across something which provided a narrative to all of this shit. While reading the following paragraph, keep this share price and volume by date graph in mind: + +[GME Close Share Price and Volume versus Date](https://preview.redd.it/llsjaf5j2h081.png?width=1028&format=png&auto=webp&s=5e7bebd9bdec2f91811bd6de0c095926b7874941) + +*The U.S. Securities and Exchange Commission (SEC) authorized electronic exchanges in 1998 and since that time high-frequency trading (HFT) has become widespread. By the year 2001, HFT trades had an execution time of several seconds. By 2010 this had shrunk to milliseconds, even microseconds… In the early 2000s, high-frequency trading accounted for less than 10% of equity orders, but this proportion grew rapidly. According to data from the NYSE, high-frequency trading volume grew by ≈ 164% between 2005 and 2009. In the first quarter of 2009 the assets under hedge fund management with high-frequency trading strategies totaled $141 billion, ≈ 21% less than the peak prior to the 2008 downturn… Many high-frequency firms are market makers and provide the liquidity to the market that lowers volatility, helps narrow bid-offer spreads and makes trading and investing cheaper for other market participants. In the United States, high-frequency trading firms represent 2% of the approximately 20,000 firms operating today, but account for 73% of the volume of all equity orders. The largest high-frequency trading firms in the US include such names as Getco LLC, Knight Capital Group, Jump Trading and Citadel LLC… HFT has recently been described as a major contributing factor in the 6 May 2010 “flash crash…”* + +# Shit. + +Allow me to translate that shit by rearranging the paragraph while adding related share price and volume of dates. + +[Formatted GME Close and Volume vs. Date](https://preview.redd.it/b6m4ojz13h081.png?width=873&format=png&auto=webp&s=c03cfba9a8c4dd311641fbd420b2f2e9d72a132d) + +*The U.S. Securities and Exchange Commission (SEC) authorized electronic exchanges in 1998 and since that time high-frequency trading (HFT) has become widespread. By the year 2001, HFT trades had an execution time of several seconds.* + +* After becoming legal and having some time passed for optimizations and other advancements, HFT algorithms were first implemented to control GameStop share price around Dec 2002 to Feb 2003. + +*According to data from the NYSE, high-frequency trading volume grew by ≈ 164% between 2005 and 2009. In the early 2000s, high-frequency trading accounted for less than 10% of equity orders, but this proportion grew rapidly.* + +* In 2005, sudden volume outliers started to pop up and only grew in values and frequency as time continued. + +*In the first quarter of 2009 the assets under hedge fund management with high-frequency trading strategies totaled $141 billion, ≈ 21% less than the peak prior to the 2008 downturn.* + +* In 2009, volumetric values and volatility begins to increase and more significant outliers are seen in comparison to previous years. + +*HFT has recently been described as a major contributing factor in the 6 May 2010 “flash crash…”* + +Let's see wtf happened that may have caused this shit on a math level on not because it's a crime level. + +# Fuck up the market once? Shame on you. Fuck it up twice? What the fuck dude? + +The 2010 flash crash has been highlighted in the graph below. It kind of looks like it had its Close and Open some what on lock, but that "(High - Low) / High" and maybe that "(Close - Open) / Open" looks pretty suss... + +[May 6, 2010 Flash Crash Highlighted on OHLC vs Date](https://preview.redd.it/1odwyels3h081.png?width=980&format=png&auto=webp&s=249d2b4784b07ec52d78c7b7a8be3e349b5a6cc6) + +# Turning up the Volume to Volume 11 + +A few months prior, Jan 7, 2010 had a volume of almost 42,000,000 making it to 25th largest volume. Below are the 45 highest volume day and all but (1) are from 2019 – 2021. + +&#x200B; + +[Top Largest Volume Days](https://preview.redd.it/umo7p1n45h081.png?width=247&format=png&auto=webp&s=647d1232856a0319bd482f5b8afe0d384bf1366b) + +# HF need to learn their history + +I am theorizing this HFT “Flash Crash” led to the introduction of a new algorithm to be phased in that would be capable of reversing all the damage done due to flaws within the algorithmic programming. + +On July 7, I made this [post](https://www.reddit.com/r/Superstonk/comments/oix58q/gme_seems_to_mirror_itself_almost_straight_from/) where I first notice how early GME years were looking like the current. And shit... get ready for more of a history lesson. + +[Part 2.3](https://www.reddit.com/r/Superstonk/comments/qx930e/the_algorithm_the_ouroboros_part_23_exposing_hf/) +I've been in the trading realm since around December 2020, and have tried many different ways of trading. I had always wanted to day trade but was inhibited by the PTD rule, until I discovered cash accounts. So May 2022 I realized I could day trade options using a cash account as options settle in one day, meaning you can use your whole account value everyday if your trading options. + +I decided to give day trading my full effort, and starting paper trading SPY options every trading session in May. By the end of the month I was profitable every week, even if by a small amount on some weeks, but it was enough for me to try a live account starting with small positions. So starting June, I went live with a cash account using <$10k, and only trading 1 ATM 0-5 DTE contract on SPY at a time. I slowly scaled my position size up by 1 contract if I ended the week positive after subtracting commission fees. By the end of June I was trading 5 contract position sizes, and ended every week in the green. + +My strategy: +Keep in mind, this is only my first month live day trading, and while I ended fairly green, I can't say I fully have a grasp of things. + +My setup is I watch the 5m and 15m charts for SPY, and have the 8ema, and 21ema on both. I watch the VIX on a 5m timeframe as confirmation of direction, as the VIX tends to trend inverse of SPY. I also watch the VOLD and VOLSPD to get an idea of what volume is doing. My main focus is on price action, and what SPY does around key support/resistance, and the two emas. I enter with a full position when I feel the probability is high to move in one direction around a key level, based on volume momentum, and price action momentum. I scalp quick moves and take profits quickly, aiming to take 15c-30c per contract, and make around $100 per trade. I use a mental stop loss when I feel momentum is dying, or price action is changing direction and going against me, due to this my losses tend to be larger than my winners. + +I would also suggest joining a trading chatroom or discord of some sort, as I joined one when I started live trading just to chat with like minded people while trading, and bounce ideas off others. + +Trading in the Zone, by Mark Douglas: +This book helped me immensely with the mental aspect of trading. Before I got into trading, I was a very competitive gamer, and was quite good at it, but always struggled to keep a level head. I knew that the mental side of day trading would be a struggle for me. I had seen many comments on this subreddit mentioning Trading in the zone, and I would highly recommend it to anyone struggling with the psychological difficulties trading presents. + +Sorry for my long ramble, I don't post much on reddit, but I was really excited with this last month of trading and wanted to share. + +TLDR: My first month day trading went great, and I learned a lot from trading in the zone. + +Links to portfolio performance: +https://imgur.com/BeYcIas +https://imgur.com/ykSIIfi +I am curious how it all works. I think some specific case examples might be educational for us. + +For example, for a FB employee, how has your financial profile specifically changed in the last year as FB dropped from $350 to $100. Are old RSUs invalid if there is a strike price threshold? + +How many shares do you get per year? Is there a strike price or do you just get shares outright? What is the vesting schedule? Lockup rules? Any tricky tax implications? Taxed at issue date, yet held through 50% drop? Or taxed at sale price? Do mortgage lenders consider RSU as qualified income for DTI calc? + +Any anecdotes of co-workers who bungled? Do most co-workers keep RSU forever bc stonx only goes up, or do most sell at vest to diversify? + +In light of the tech correction, I am hoping to learn some case studies with real numbers and amounts. Or maybe someone can post a link to this already discussed question? + +EDIT: If you are hesitant to post personal info, perhaps post it and come back and delete it in a few days time, to keep your profile free of personal data. Thank you? +Hi everyone, so I’m moving in to my first apartment in the middle of next month (April) while my 2 roommates will be moving in on the 1st of April. My roommates and I already paid the first months rent and the move in fee (divided by 3, or $750) and my mom has been saying that I shouldn’t have paid the full $750 and instead should’ve had it prorated (sorry not sure how to use tenses for that word) and to have my roommates split be more for this 1st month to account for my later arrival, and mine less. + +The problem is is that the research I’ve done says that the landlord is responsible for prorating the cost of rent, and that it would only be discounted if we all moved/signed the lease during the middle of the month, but after her screaming at me for a bit just know I’m not sure. I also understand where she’s coming from I’m just super confused, especially since I’m getting a smaller room and my roommates are claiming they will charge less for it. Can anyone help me? Thank you! +"Cryptocurrencies that are not considered sustainable may not be issued, offered or traded within the EU." + +https://www.reddit.com/r/Bitcoin/comments/tchz57/proof_of_work_ban_in_europe_call_to_action_engage/ +We can’t deny the fact that Bitcoin and Ethereum have been number 1&2 for a VERY long time. And looks like it will continue to be like that for years. (Unless Ethereum flips Bitcoin). But what coin deserves to be in 3rd position? I know that BNB is the 3rd largest by market cap. However, it is like that because Binance is “forcing” its use. Moreover, I don’t like the fact that BNB is “centralized”, so for me it doesn’t deserve the 3rd spot. Does ADA or Solana deserve it? By being in 3rd spot I mean in the long term, not a coin that pumps this bull run and then we never see it again. +The chorus of Tesla Inc. individual investors expressing misgivings that Chief Executive Elon Musk‘s involvement with Twitter Inc. may be to the detriment of the electric-vehicle maker is getting louder, with the car company’s stock on track for its worst full-year performance. + +“There is no TSLA CEO today,” Gary Black, managing partner of the Future Fund LLC, which owns roughly $50 million worth of Tesla, tweeted Monday. + +Mr. Black voiced frustration after another sharp selloff in Tesla’s stock Monday. Shares in the world’s largest car company by market value fell more than 6% in Monday trading after a tumultuous weekend for Mr. Musk on Twitter, including the billionaire taking aim at the company’s former head of trust and safety; calling for the prosecution of top U.S. government medical adviser Anthony Fauci; and criticizing people who offer their pronouns without being asked. + +Mr. Black said, “The market voted today that the $TSLA brand has been negatively impacted by the Twitter drama. Where before EV buyers were proud to drive their Teslas to their friends or show off Teslas in their driveways, now the Twitter controversy is hurting Tesla’s brand equity.” + +Ross Gerber, a longtime backer of Tesla, on Monday tweeted a question directed at Tesla’s board of directors. “Who is running tesla day to day during this critical time for the company,” Mr. Gerber said. + +He separately tweeted, “There is nothing wrong at tesla at all. Other than the CEO working at another company, certainly tesla deserves a focused ceo. It would be helpful to know what Elon’s plans are.” + +Mr. Musk, at a trial about his Tesla compensation package last month, said he had been spending most of his time of late focusing on Twitter, which he acquired for $44 billion. “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he testified. + +Tesla shares are down 54.31% this year through Tuesday’s close, putting it on pace for their worst year on record. The only other year where the shares fell was in 2016, when Tesla’s stock ended down 10.97%. The Nasdaq, which advanced Tuesday, has fallen around 28% this year. + +Tesla shares closed down 4.09% Tuesday, the day Mr. Musk ceded the unofficial title to European mogul Bernard Arnault for the world’s wealthiest individual, according to Bloomberg, which publishes a ranking of the richest people. + +Mr. Musk’s takeover of Twitter has raised anxiety among Tesla backers for months. Several urged the Tesla CEO to abandon the deal and focus on the car maker, when shares were already down around 30%. The stock has declined further in ensuing months amid growing recession concerns and cost pressure from high inflation. Tesla also has scaled back vehicle delivery plans. Tesla’s stock has fallen about 28% since the Twitter deal closed in late October through Tuesday, when it ended trading at its lowest level in more than two years. + +The Tesla boss on Tuesday tweeted: “Tesla will be great long-term, but doesn’t control macroeconomic tides.” He later added “I will make sure Tesla shareholders benefit from Twitter long-term,” but didn’t offer details. + +Tesla didn’t respond to a request for comment. Mr. Musk last week said he continues to work on Tesla as well as SpaceX, formally known as Space Exploration Technologies Corp. “I continue to oversee both Tesla & SpaceX, but the teams there are so good that often little is needed from me,” he tweeted Saturday. + +Bill Nelson, the National Aeronautics and Space Administration’s administrator, said Sunday that he had asked SpaceX President Gwynne Shotwell if Mr. Musk’s purchase of the social-media platform would divert from the rocket company’s mission. Mr. Nelson said he was given assurance that wouldn’t be the case. + +Leo KoGuan, a self-proclaimed Tesla investor, last week tweeted: “Tesla board is missing in action” and called on the company to initiate a share buyback. Mr. Black also has been urging the company to pursue a $10 billion share repurchase. + +Mr. Musk in October said Tesla could pursue a $5 billion to $10 billion share buyback and said some meaningful buyback was likely. The company had discussed such a share repurchase at the board level, but at the time hadn’t signed off on it. Mr. Musk has sold more than $19 billion in Tesla stock this year, including almost $4 billion in November to help finance Twitter. + +Tesla’s brand image has taken a hit in recent months, according to market surveys. Self-identifying Democrats in particular have soured on the car maker since Mr. Musk bought Twitter, according to data from research firm Morning Consult. + +https://www.wsj.com/articles/tesla-investors-voice-concern-over-elon-musks-focus-on-twitter-11670948786?mod=hp_lead_pos7 +First, the basics. I posted [this](https://www.reddit.com/r/financialindependence/comments/616j7k/so_i_finally_did_it_i_quit_my_job_how_i_did_it_my/) a year ago, so you can see my previous expenses, savings/investments, what I did about healthcare, etc. + +I told my boss I was taking a year off, and today I officially submitted my resignation. I considered going back, maybe part time, but I'm pretty happy with my decision. + + +So, what's changed? I'm moving in with my girlfriend fairly soon, so that should save me about $1-2k/year (plus gas and time spent driving back and forth). My side hustle business has been doing well, so I'm on track to make about $3k this summer (possibly double that if things go really well), and hopefully doubling that next summer (but at the very least, about $3k). I do some trivial, mindless online work, which should be another $3k/year. It's easy, and probably comes out to around $15-$20/hour (double what I was making with it last year, but caps out around $20/hour, so not expecting more in the future). + + +I also coached a youth sports team this season, which pays around $2-3k for the season. It's a lot of fun, and I'd probably do it even without the pay, since kids are fun to work with and I feel like it's a great way for me to give back to a great community. + + +So I'm probably looking at around $10k in income for the year, and saving an extra $1-2k with the move. My expenses really haven't changed much, other than maybe a tiny bit more travel, but that's not so much a direct result of quitting the full-time job as it is a function of my girlfriend having more plans this year, and a random trip with some friends. Expense-wise, they're not really adding up to any more than I was really budgeting for. + + +Am I bored? Definitely not. My day typically consists of sleeping in (lately it's been until around noon, but generally it's closer to 10 or 11), spending some time on my side hustles, with some cooking (or at least eating) mixed in. Spend some time with my girlfriend around dinner time, then either go off to coach, or go play sports then go out to eat until 1am (hence the sleeping in), or just play some video games, catch up on TV, catch up with friends, go see a show (go see Cirque du Soleil if you haven't already!) or a movie (at a local school cinema or on a Tuesday when movies are $5), work out, spend more time on my side hustles, or whatever else I feel like doing. Sometimes I do couponing when my printer feels like working. I spend a lot of time on here, /r/leanfire, /r/personalfinance, and some tech-related subs. + +I got a cheap switch (like $6) on eBay to add WiFi to one of my lights, so I can turn it on and off by voice with my Google Home Mini. I plan to do a few more lights like that in my new place, and then hopefully some other fairly cheap home automation projects. + + +So.. yeah. I'm not sure exactly what the point of this post was, but at least a few people said they wanted an update last time, so this is it. A few people also seemed pretty sure I'd 'fail', but they'll probably be working until they're 100 to hit that sweet, sweet 1% withdrawal rate ;) + + +Edit: Oh, and I finally realized one of the major reasons that I didn't like the job. The company culture was one of finger-pointing politics and 'make your boss look good or else' politics. It added a lot of of unnecessary stress, and made it so people didn't ask the questions they actually needed answers to, which caused all kinds of problems. Even in the response I got to my resignation email, I still felt a slight twinge of that stress. I'm so glad I'm done with that! Can't wait for my exit interview :) +This is my first time hearing about this subreddit after spending months trying to figure out what to do with my life. A little over a year ago something happened in my life that made me rethink my career choice. I'm not sure if the job was the problem, or the life event that got me down and started changing my outlook on life, but all I knew was I wanted a career change, and I wanted to work doing something I love or something that actually had meaning to me. The only problem is that almost every career I could think of that I would enjoy would pay out bare minimum. On the other hand, the things I like that are in demand and pay well(i.e. programming), I would most likely not enjoy because I would be working for someone else on a project I may not even care about. + +A little while ago I read "Growing the Money Tree" by John Svazic and the intro alone gave inspiration. Many people try to strike it rich quick and fail and end up have to start from the beginning all over. But I don't want to be rich. I want enough money to live comfortably. If I could eventually make a passive income that would that would be enough to let me live comfortably, I would be happy. But I don't plan to stop working completely, so I could combine passive income with active income working for myself and become partially financially independent. I could set my own ours and do work that I care about without having to worry about money. + +I'm wondering if anyone else has the same idea or is currently doing it right now. +Things may be looking unfortunate with the current red streak in energy, but the fundamentals still stand. The UAE and OPEC want steady oil at around $70/bbl. + +7 weeks of oil inventory draws tell a different story than the market is showing. Oil storage is around/below the procovid average. + +Risks include: 1) another price war - bearish - oil likely back to $40/bbl or potentially lower + +2) UAE / OPEC agreement - bullish - oil stays high + +3) More production is added by OPEC - bullish - more OPEC supply exhausted, so oil likely steady + +Buy the dip, but be wary the dip might keep dipping + +[https://oilprice.com/Latest-Energy-News/World-News/API-Reports-Seventh-Straight-Inventory-Draw.html](https://oilprice.com/Latest-Energy-News/World-News/API-Reports-Seventh-Straight-Inventory-Draw.html) +Brookfield Asset Management Inc. BAM -1.22% ’s big bet on malls last year, the firm’s latest wager on an out-of-favor asset, is looking riskier than ever as other investors increasingly sour on the sector. + +In August 2018, the Canadian investment firm closed a deal to buy the two-thirds of real-estate investment trust GGP Inc. BPR -1.28% it didn’t already own. The transaction valued the 125-property portfolio, mostly comprised of malls, at around $15 billion. + +The buyout was a gamble that investors preoccupied with the rise of Amazon.com Inc. and e-commerce had become overly negative about the fate of bricks-and-mortar retail—particularly the high-quality malls in GGP’s portfolio like Las Vegas’ Fashion Show. Brookfield officials believe that while there are probably too many malls in the country, many of the strongest ones will survive and thrive. + +The move was also an assertion that Brookfield, with its expertise in new construction, could wring more value out of the properties by reconfiguring their stores and redeveloping the land around them. + +But since the deal closed, things have gone from bad to worse for mall owners. + +Major tenants Sears Holdings Corp. and Forever 21 Inc. have filed for bankruptcy protection and announced significant store closures. Shares of others including J.C. Penney Co. , Gap Inc. and Macy’s Inc. have collapsed following weak earnings reports. + +A few months ago, Brookfield approached some institutions that had previously invested alongside the firm about buying stakes in other malls, according to people familiar with the matter. The investors declined to make new commitments, arguing it would be too expensive to improve the malls and citing further risk of store closures, among other concerns, the people said. + +Adding to the bleak picture, stocks of mall-owners Simon Property Group Inc., Taubman Centers Inc. and Macerich Co. have fallen by double-digit percentages since the GGP deal closed, while the S&P 500 is up more than 10%. + +Shares of Brookfield Property REIT Inc., a real-estate investment trust whose portfolio includes GGP as well as a substantial portion of nonretail assets, have fallen by about 13% since it was formed upon completion of the takeover. Brookfield Property REIT is an investment vehicle created by Brookfield Property Partners LP, the firm’s separate publicly traded real-estate business. + +Other cracks are starting to appear across the retail landscape. Outside appraisers last month valued the Saks Fifth Avenue flagship store in Manhattan at $1.6 billion as part of parent company Hudson’s Bay Co. ’s bid to go private. In 2014, the building was appraised at $3.7 billion. And UBS Group AG ’s Trumbull Property Fund—a roughly $20 billion real estate vehicle—has amassed a backlog of requests from investors wanting to pull about $5 billion in commitments since it wrote down the value of retail assets it owns, according to a person familiar with the matter. + +Other big investors are bearish on retail real estate. Brookfield’s chief rival Blackstone Group Inc. has eschewed it, instead buying up big portfolios of warehouses used for e-commerce. Billionaire investor Carl Icahn placed a bet that mall owners will run into challenges servicing their debt, The Wall Street Journal reported. + +“The sentiment is so negative on malls,” said Vince Tibone, lead retail analyst at real-estate research firm Green Street Advisors LLC. He said that investors can justify paying up for warehouses because the growth of e-commerce makes them a safer investment, but “if you buy a mall and you’re wrong, you’re probably going to get fired.” + +Brookfield remains optimistic about a portfolio that ranges from Baltimore’s Mondawmin Mall to Portland, Ore.’s high-end Pioneer Place. + +In an interview, Brian Kingston, chief executive of Brookfield Property Partners, expressed confidence that the bet will pay off despite recent weakness. “This is part of our strategy in that we’re contrarian investors,” he said. “This is what it always feels like.” + +Brookfield hit it big in the past when it dared to tread where other investors wouldn’t. It bought the World Financial Center in lower Manhattan in the aftermath of the Sept. 11 terrorist attacks and redeveloped it, bringing businesses and commerce back to a neighborhood some thought couldn’t be revived—and earning the firm 15 times its initial investment. The huge portfolio of real-estate and infrastructure assets Brookfield bought in Brazil when government corruption scandals and a deep recession kept other investors away has also proved to be a canny bet. + +A big part of Brookfield’s strategy for making the GGP bet pay off involves squeezing more out of the properties it owns. It has $2.5 billion of projects under way to build new residential complexes, office space and hotels on the sites of nine of its malls and to remodel some of their existing retail space. For example, it is building new residential towers next to the Ala Moana Center mall in Honolulu and redeveloping large spaces once occupied by Nordstrom Inc. and Macy’s at San Francisco’s Stonestown Galleria. + +The firm has also identified $2.6 billion of longer-term projects including more residential towers at Ala Moana and residential units next to Stonestown Galleria. + +Brookfield aims to reap returns by selling the buildings it is constructing on land around malls to other investors. It is projecting it can create a combined $1.8 billion in incremental value through the current and long-term construction projects it has identified, and that doesn’t count the indirect benefits of driving more foot traffic to its malls. + +The firm believes there will continue to be demand for the strongest malls, particularly as weaker retailers are replaced by digital-native brands like glasses seller Warby Parker and experience-oriented tenants such as movie theaters and restaurants. + +The outcome of Brookfield’s bet very much remains to be seen. One closely watched indicator has raised some eyebrows in the industry. The value Brookfield assigned to its retail portfolio—almost entirely GGP—implies a cap rate of 5.2%, according to Green Street. + +Brookfield’s cap rate is the same as what Green Street applies to malls rated A+, yet the researcher rates nearly half of Brookfield’s 113 malls B+ or lower. And while Green Street estimates a 10% drop in the value of malls this year, Brookfield’s balance-sheet valuation of its retail segment hasn’t materially changed over the period. + +In a statement, Brookfield said it disagrees with Green Street’s ratings analysis given that its average tenant sales per square foot is a relatively high $787. + +A major reason for the divergent views: While a number of lower-quality malls have been sold since Brookfield’s deal for GGP, very few higher-quality ones have changed hands, and transaction values are a major factor in valuations in the industry. + +https://www.wsj.com/articles/brookfields-bet-on-malls-looks-riskier-than-ever-11577019601?mod=hp_lead_pos7 +Hello, I am up about 50% on AAPL and 20% on MSFT. Would be more but I do not live in US so FX plays a big part in reducing my profits. + +I would like to take out the gains. + +Questions is: +- Do I sell all of my stocks, then take out the profit ( for instance MSFT sell all, take 20% off the table) , and reinvest? Is that the normal way? +- how do you only take out the profit, leaving the rest in? Is that possible? + +I am long on these, but profit taking this week. + +EDIT: I literally got a response within a minute. No bad words, no this and that- straight to the points and Also advice. Great sub. Thank you. + +EDIT 2: the profits are going into a apartment to rent out. I have times where I regret not selling and re-entry. That is why I would lock profit, reinvest in property and still keep the initial investment. + +EDIT 3; I live in Norway. Tax is 31,68% on gains + FX USD/NOk screwed me a bit. FIFO +I was recently asked to help with my parents’ retirement plan. My parents are both in their 70s and in reasonably good health. I hope they could consolidate to make things simpler for them to manage. + +Here are how their portfolio looks like: + +* Age: 70 & 71 + +* Income: Now just about $50K/year + +* Total retirement assets: $750K http://hellomoney.co/portfolio/98ae94-parents-portfolio + + * My father's 401ks: $184K + + * My father’s Traditional IRA and Roth IRA: $333K + + * My mother's 403b (No employer contribution): $97K + + * My mother’s IRA: $136K + +* Debt: + + * Mortgage: $89,000 at 3.8% + +* Other savings/investments: Cash savings, A house at $286K + +What concerns me is that their overall allocation. Currently they have 80% stocks and 20% bonds with only few years left till retirement. I have told them it’s too aggressive for their age, but don’t know enough to suggest a good alternative. + +They have a financial planner who has them buy mutual funds with steep fees. And my parents prefer to have someone that they can sit down with face-to-face. My mother is a Buffett fan, and she defends that these are value stocks and I shouldn’t worry about them too. + +Am I right in being concerned about their allocation? Any suggestions on the order of how to tackle this would be greatly appreciated. + +I have been looking around different groups in Reddit and have been seeing return screenshots of close to 25-30% on their trading accounts. And while I sit here with dividend and value stocks with a meager 7% return on an invested capital of 15k. +Don't get me wrong. I am doing my DD for the right companies and getting good plays but it just has been that return and nothing more. +I feel I have been dealing with stocks and not options but then, is seeking return through options guarantee for an increased return with higher risk? +What am I doing wrong here? +Hi guys + +I have a tax exempt Isa which will only allow me to invest in dividend ETFs, I also have a general account where I can buy individual companies + +So the question is should I just go for the dividend ETFs or make individual picks +I made an alternative account for safety reasons. I've been with my (now ex) boyfriend for four years. We have a two year old and I am currently seven months pregnant. We live(d) together and I had to stop working my part time job because of preeclampsia. He's always been sort of an asshole to me but a few nights ago it escalated and he choked me in front of our two year old. Then he acted like it never happened and like I was making "mountains out of molehills". Yesterday I packed what little I have while he was at work and just drove off. I slept in the car in a Walmart parking lot with the baby and will probably do it again tonight. I have no money. No living family. No friends. I'm lost. I don't know what to do next or where to go from here. I will do whatever it takes to protect my daughter and my unborn child. I desperately need advice. I am almost out of gas. What should I do? I have nowhere to go and no money. Please help. Are there any resources that could help me? I'm in southern California. +About a couple weeks i noticed the setting for”Hot’Best’Rising, Etc…” getting moved to the settings themselves. I manually have to go into the settings and change the settings and change the feed type in order to see that sort of feed. This seems weird and harder to interact with. Im drunk asf rn and felt like letting the ape community know of my concern. Not sure if im the only one but it seems like reddit is making it harder of us to see the trending posts. DRS forever ! 🦍 We are close 🌙 🚀 Lmk what you guys think👀. Ps. Sorry for the bad grammar im truly F’d up rn. Have a food 4Th of july weekend !! 🇺🇸 💥 +They revealed 1500 cases yesterday after getting pressure. Markets have been hopeful this can be contained after China has been reporting very few cases. Of course anybody with a brain knew that was false. + + +https://www.bloomberg.com/news/articles/2020-03-31/china-reveals-1-541-symptom-free-virus-cases-under-pressure + +I’ve got spy puts and VXX bull spreads so I’m fucked cuz clearly we mooning on this info + +Edit: this post getting a lot of exposure. So how do we profit? +The major tech companies have taken hits but not big hits. Google msft Apple all have p/e’s over 20. AMD is at 150 p/e. QQQ is nasdaq top 100 by market cap and is heavily weighted towards these tech stocks. + +If China is much worse than reported, supply chains will be majorly disrupted for foreseeable future. Consider a long term puts or bear spreads. I’ve got ~2k in QQQ puts for a few weeks out. + +Invest at your own risk. I’ve been wrong before and nobody knows how this gonna play out +I've seen a lot of posts about people speculating which pharmaceutical company is going to make the next big vaccine or test for COVID-19. In my opinion, making bets like this is a total gamble, and these companies will fluctuate with news of trials that may or may not be true. **Buying calls on pharmaceutical companies is like trying to bet on a mining company during the gold rush; a total chance on who will strike gold and get rich.** + +I propose an alternate play here. The companies that sell the equipment and supplies that make it possible for these companies to continue to do research and development. **Regardless of who comes up with a solution, there are a few companies making an absolute killing while all of this goes on. These are the shovel sellers.** + +I'm going to share a couple of my plays, and I'd encourage others to share their thoughts or any other plays that fit into this category. + +&#x200B; + +**Play #1: Veeva Systems (VEEV)** + +Veeva Systems creates software that is specifically tailored to the life sciences and pharmaceuticals industry. Their platform is used to manage clinical trials, have virtual meetings, manage customers and data, and more. + +&#x200B; + +Certain aspects of their platform such as Veeva Engage, a tool built on top of Zoom for meeting with Healthcare professionals, have seen insane growth in usage.[https://www.pulsedigital.co.uk/blog/post/covid-19-pandemic-leads-to-a-tenfold-increase-in-usage-of-veeva-engage](https://www.pulsedigital.co.uk/blog/post/covid-19-pandemic-leads-to-a-tenfold-increase-in-usage-of-veeva-engage) + +The reason I like Veeva so much is that because they are in such a compliant industry, many parts of their platform have basically no competition. A great example of this is with their CRM. It can cost millions of dollars to buy a CRM system (i.e. Salesforce, Dynamics, Zoho, Hubspot, etc.) and customize it to your business. Veeva licensed Salesforce and customized it to the needs of an entire industry over a decade, to the point that it would almost impossible for their customers to build their own systems, or for another software company to make something that's up to par. They also have tons of cash and no debt, which is a major bonus. + +Position: I've been holding 5/15 $190 calls for a couple weeks (already printing), and I plan to buy a few higher OTM calls with strikes later this year. This is an extremely safe position (the stock not the FD) whether you're bullish or bearish on the market overall, so I expect more people to pile into Veeva. + +**Play #2 - Thermo-Fisher Scientific (TMO)** + +Thermo Fisher is a manufacturer and distributor of laboratory equipment and supplies. + +Thermo Fisher supplies all of the tools necessary for laboratories to keep up production. This includes everything from test tubes and vials, to masks and PPE, to the heavy equipment used to test samples. They're even developing their own COVID-19 tests: + +[https://finance.yahoo.com/news/thermo-fisher-scientific-receives-ce-060000782.html](https://finance.yahoo.com/news/thermo-fisher-scientific-receives-ce-060000782.html) + +I like Thermo because they stand to make a killing even after a vaccine is found, because they sell equipment used in the manufacture of tests and vaccines that will be in high demand as production ramps up, regardless of who discovers the best method. + +Positions: I have 6/19 $350 calls. I'm planning to buy more long-dated calls (probably Jan '22) that will cover through the manufacturing period. + +**TL:DR** There are a few companies that supply the pharmaceutical industry. I've found that betting on these is a hell of a lot safer than betting on individual companies to develop a test or vaccine. + +&#x200B; + +Edit: I love that the first thing you guys did was buy the most screeching autistic, closest date, highest strike call available. [https://www.nasdaq.com/articles/notable-monday-option-activity%3A-veev-tecd-mdb-2020-04-20](https://www.nasdaq.com/articles/notable-monday-option-activity%3A-veev-tecd-mdb-2020-04-20) + +Edit 2: Should have mentioned this before, but Thermo reports earning tomorrow (4/22), so you may way to hold out until after this to make a play unless yo want to take a short-term gamble. +> KEY POINTS + + +> - Munger highlighted how much risk investors are taking when investing, particularly in China. +"In China, … they love to gamble in stocks. This is really stupid," Munger said. + + +> - Munger also highlighted the proliferation of EBITDA as a profit metric as another sign of wretched excess, calling it "ridiculous." + + +> - "I don't like when investment bankers talk about EBITDA, which I call bulls--- earnings." + +[Full article here](https://www.cnbc.com/amp/2020/02/12/charlie-munger-warns-there-are-lots-of-troubles-coming-because-of-too-much-wretched-excess.html) +As the post title says, we keep seeing all these people crawling out of the woodwork to say “see? I told you 3 months ago that LUNA/UST was going to crash, but no one listened”. They say hindsight is 20/20, so maybe all the signs are easier for people to see when it's already happened, but as we've seen in the past week, it's often far too late for some. There are too many echo chambers and general denial in crypto, not to mention greed. Maybe you've been trying to warn people about another crypto project and people just aren't listening. Well, we’re listening now. What have you been screaming from the rooftops that no one seems willing to hear? What are you predicting is going to go up in flames sooner than everyone thinks? Maybe someday someone will be quoting something you said in this thread as evidence that we were warned. + +Where you can, please provide reasons, or even evidence (if you have any) of why you are certain a project won’t work out. +Rajat Prakash is the (VP–Treasurer at BBBY) was hired in June 2021 and the “About” section on his LinkedIn profile (link below) begins…, “With a 20-year track record of establishing corporate development functions (Mergers & Acquisitions)… + +Anyone want to guess what company and position Mr. Prakash held prior to joining BBBY? + +Head – Corporate Development & Treasury with Sears Holding Corporation with a total of 12 ½ years with Sears! + +Simulation Confirmed!!! + +[https://www.linkedin.com/in/rajatprakash0](https://www.linkedin.com/in/rajatprakash0) +[https://en.wikipedia.org/wiki/Repo\_105](https://en.wikipedia.org/wiki/Repo_105) + +We've speculated that the repo market might be shoring up the balance sheets of certain institutional funds. But here's a clear example of a fund that already pulled this maneuver. + +Edit: To be clear, this is an example of a ~~fund~~ bank using the repo market to misrepresent their financial standing. But the situation in the market right now is a little different in that ~~funds~~ banks seem to be hungry for collateral, not cash, which is the reverse of what Lehman did. I only bring this up to show that repo market has been used in the past to cook the books, and as such, it can't be discounted that the repo market is being used to cook books now. +This is how I remain calm and keep my sanity as a long term holder and believer of the crypto landscape. + +#Set Goals + +My goals are as follows. + +1. Read and DCA +2. Decide what portion of your stack you will never touch and what portion you want to trade with. For me I've never had more than 15% of my assets on the exchanges. I only spot trade when I trade. +3. Set a price for one target at what you want to take some profits maintain your local garage band Rock and Roll Lifestyle. Basically recouping your initial investment and pay off something that you will never have to pay on again once you do it. +4. Set your second price Target for which selling a portion of your assets will allow you to do some real magic. Personally I never want to sell more than 30% to achieve this. +5. Down markets are an opportunity to dig deeper in the tech and make some decisions about larger purchasing opportunities. +6. Be patient. Time is on your side. I'm talking about years not weeks. +7. Watch for Black Swans. + +Sticking to these goals as help me remain calm. What sort of goals do you have? What other goals should I be implementing? +Here's the link: https://ethlots.com/ + +Feel free to ask us questions or comment. Here's a link to the contract to verify: https://etherscan.io/address/0xca30a6938d8a2c70c547a694755bf6d81e04b2ea#code +EtherDelta just announced their new token "EtherDelta Token (EDT)" (http://crowdsale.etherdelta.com/) one week after they got hijacked. The Token totally looks like scam and I provide you with some points why you should stay away from this ICO. + + * Why should they launch the token in a time nobody trusts in EtherDelta? + * They page looks like built in a few hours, the source code is like the most basic sample app with some copy pasted content. + * They put no links to social media of the team members, also the team images could be copied from wherever. + * They show a banner of ICORating in the pages footer, but ICORating mentioned nothing about EDT. + * The whitepaper was released way after the page and provides you with absolutely no facts. + * The Telegram group they link to is totally unmoderated. + * The Crowdsale page doesn't even use the EtherDelta HTTPS certificate, it most likely is also affected by the DNS hijacking from last week. + * The Crowdsale page is FULL OF MISTAKES: + "Etherdelta will *lanuch* Lab 51 to incubate new *inovation* in *finiance*, technology, security *and etc*" + * They are even telling, Etherdelta is built upon "**Low Trust** and operational costs" + +I tell you, the ICO looks like **low trust** to me. Please do not spend a single ether to this token. + +I'm sure this is not the complete list of mistakes the Hacker did. Feel free to add more evidence. + +People are speculating EtherDelta wants to educate the users through a fake ICO, nevertheless this would be a huge opportunity for other scammers! This is not the right way. + +EDIT: ICORating just asked EtherDelta to take the banner from their crowdsale website on [Twitter](https://twitter.com/IcoRating/status/947067111452573696) +Source: [https://www.sec.gov/rules/sro/dtc/2022/34-96555.pdf](https://www.sec.gov/rules/sro/dtc/2022/34-96555.pdf) + +>On October 20, 2022, The Depository Trust Company (“DTC”), Fixed Income Clearing Corporation (“FICC”), and National Securities Clearing Corporation (“NSCC”) (each a “Clearing Agency,” and collectively, the “Clearing Agencies”), filed with the Securities and Exchange Commission (“Commission”) proposed rule changes SR-DTC2022-011, SR-FICC-2022-008, and SR-NSCC-2022-013 (the “Proposed Rule Changes”) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)1 and Rule 19b-4 thereunder2 to Amend the Clearing Agencies Liquidity Risk Management Framework adopted by the Clearing Agencies. The Proposed Rule Changes were published for comment in the Federal Register, 3 and the Commission has received no comments on the changes proposed therein. This order approves the Proposed Rule Changes. + +https://preview.redd.it/hua44uw1957a1.png?width=806&format=png&auto=webp&s=f0eb8b63dde2ab7ac3c05fd66388f6c6c0370ab9 + +https://preview.redd.it/tuzfwhza957a1.png?width=843&format=png&auto=webp&s=cdea15851bd414030b04c9e24e28d36369392eb0 + +https://preview.redd.it/jzi5b5hf957a1.png?width=868&format=png&auto=webp&s=c46d41e035a92cc8f9c29f91c4801cc125f8de14 + +https://preview.redd.it/v1l22xvq957a1.png?width=662&format=png&auto=webp&s=cbada72ee432687170495c7f0860e11db6eb36e0 +So my BF's family are hoping to buy their family home that they have been renting for years from their landlord. It will be most likely around 130k + +His mother, sister and him will be paying the mortgage. His mother has been rejected already as she was in debt. But she's doing a great job clearing it her debt and might have it done end of this year. I've offered to chip in, but I feel this will become a complicated affair if 4 people are involved. Particularly if we're not married. I feel i might get shafted as I'm not officially part of the family legally. The house will be in his mother's and my BF's name. + +We're committed long term as a couple. And I know we'll probably end up living in his family home for 3-6 years (it's just me and him renting and living in it at the moment). But we also want to buy a bigger place to raise a family and in a less rougher area. So in a way it makes sense, I think, to buy this house first. Then we can rent it out or sell for a bigger space? But we might end up using our first time buyers bonus on it? + +It's not my dream house. And it will also need a lot of home improvements here and there. So I feel I'm heavily compromising on a whim. I never had a dream wedding, but I've always dreamed of having a beautiful home that was actually mine or with my partner. A lot of stuff, decorations and furniture in the house is of his family and he doesn't like it when I suggest redecorating or changing things. So I feel I'm just in someone elses home most of the time. Even though he says it's our place, I feel I'm only allowed to add input on certain spaces. Like the office that I mainly work in. It makes me feel like I should just wait and save my money and energy for my own or our own house. + +Tldr; +I don't know if it's a good idea to use my savings to help my boyfriends family buy their family home. It will all be in their names. Should I get legal help to protect myself if this happens. Should I just rent and save for myself or our own plave in the future? I trust him but life is not certain, and his mother and sister are not great with money. + +******Update***** + +Thanks for all the great advice! I didn't expect so many people to respond. So thank you and I apologise that I can't respond to everyone. + +I've had a conversation with my boyfriend and when he thought about it he realised it was a really bad decision, especially for us. We would loose our first time buyer status. Plus he revealed how unreliable his family is with money, which is why he wanted to help in the first place. But it's likely that they might leave him stranded financially. So he's going to tell his family that his mother will have to apply for the mortgage in her name only. He just got caught up in trying to help and supporting his family, but he's realising that he doesn't need to sacrifice his own finances/future in order to do that. + +And we both agreed I shouldn't have to be involved in his family finances, they should sort it out themselves so that we can focus on our own futures. Thanks everyone! +I am still very skeptical of all things since NFTCon pulled the ape community into their pathetic conference for 6 hours. I wanted to just throw this out there to generate some discussion and further research. + +My premise : Could PleasrDAO be trying to pull an NFTCon type of publicity stunt? + +1. Ryan Cohen's [black sweatshirt](https://shop.lululemon.com/p/mens-jackets-and-hoodies-hoodies/City-Sweat-Pullover-Hoodie/_/prod8910102) is not difficult to buy. It is available from lululemon for $118 and can be delivered or purchased very easily around the country. Was this planted by PleasrDAO to attract attention? +2. Planting emoji's that are known to be "tit-jacking" throughout your NFT work or website does not necessarily mean anything. +3. Emily Yang gave an interview with bloomberg ([Youtube link](https://www.youtube.com/watch?v=yQA5iBOfwog)), where it appears she (or someone else controlling her computer) may have swapped her video feed to the [NFT.gamestop.com](https://NFT.gamestop.com) website at the 2:00 mark. + +https://preview.redd.it/0djg7eqb09v71.png?width=1336&format=png&auto=webp&s=ad0b9b0c4e8814f5a6790e14b0ee72958b079548 + +&#x200B; + +4. Emily Yang is also known as PplPleasr, and was a speaker at NFTCon. We all can agree the same thing regarding the organizers of NFTCon. + +&#x200B; + +https://preview.redd.it/w6gfzdqb09v71.png?width=1730&format=png&auto=webp&s=2213c0907bfc97609f61d05f3b006484c0ca9804 + +&#x200B; + +5. If this was all true, would PleasrDAO/Gamestop/RC, really intentionally leak these hints? Wouldn't they prefer to just drop the bomb when it is official? By leaking these hints, you only allow the possibility that citadel forms a legal attack to attempt to shut this down as soon as it is released. + +That's all I've got and I'd be happy to see what others think. +Hi all, wanted to pick your brains. I recently renovated a 3 bed end of terrace house, the space is heated via underfloor heating throughout using an air source heat pump. I also have an electric car which I probably charge once a week at night. I generate about 70kw with a solar array per month (150kw in October and November. + +My bill from ecotricity this month (8th nov to 8 dec) was £455 based on 32.80p/kwh for 1,296 kwh. + +I appreciate I have a higher than usual demand due to the air source heat pump and the electric car so I do expect my bills a little higher. But this seems extortionate, especially seeing + + +I'm a little naive with this all as it's my first owned house, I just wanted to see what everyone else thought before I call my supplier (ecotricity). +Recent updates for SafeFairMoon: + +SafeFairMoon in the last week days has completed FIVE detailed audits you can view the audit reports here: + +SafeFairMoon - https://safefairmoon.com/audits/SafeFairMoon-Audit-Report.pdf + +SavePlanetEarth - https://safefairmoon.com/audits/SavePlanetEarth-Audit-Report.pdf + +FairMoonV2 - https://safefairmoon.com/audits/FairMoonV2-Audit-Report.pdf + +Horizon - https://safefairmoon.com/audits/Horizon-Audit-Report.pdf + +MoonPirate - https://safefairmoon.com/audits/MoonPirate-Audit-Report.pdf + + + +EXPOSING FAIRMOON AND WARONRUGS: + +In addition to completing these reports SafeFairMoon has completely exposed War On Rugs and Fairmoon. In the medium article linked below SafeFairMoon demonstrates how upon discovery of the Bug the FairMoon team dumped 1.8 MILLION DOLLARS worth of tokens on investors. + +https://safefairmoon.medium.com/exposing-suspicious-transaction-activity-in-fairmoon-token-d989b5d019e7 + +In addition, they issued a ADVERSE opinion (auditor speak for bad) for the FairMoonV2 contract. In their new contract THERE IS A BANNING FUNCTION THEY CAN USE TO BAN ANY ADDRESS FROM TRADING, EVEN PANCAKE SWAP MAKING INVESTORS UNABLE TO SELL. You can see the full details in the audit report linked above. + +They have more audit reports coming, in addition they have an agreement in principle with an IDO platform to be their main auditors for featured projects, as they have demonstrated they are legit through their detailed reports unlike War On Rugs “yea looks good” tweets. + +SafeFairMoon is a fork of Fairmoon that fixes a bug that caused Fairmoon to soft-rug and dump. Some of the people in the team behind this project had been trying to highlight issues such as this for at least a month now, and others are people who put their trust in Fairmoon and didn't come out well from it. Following the Fairmoon crash, the team decided to correct the fairmoon error and deployed an improved contract, with plans to create a platform for decentralized audits that can help ensure future crypto buyers can stay safe. In addition to our experienced inhouse devs and auditors, we will also form partnerships with other industry-leading auditors. Value will be generated for holders of the token through liquidity pool staking for our on-site Auditing Platform, as well as buybacks/burns with new revenue generated. All these details and more are provided on our newly updated website and roadmap at https://safefairmoon.com/ + +🐛The bug: The bug was from the numTokensSellToAddToLiquidity being way too high in OG FAIRMOON. This meant that when the swapAndLiquify event occured about 2.5% of supply would be sold to market and thus dumping price. In this contract we changed the variable so the ratio between total supply and numTokensSellToAddToLiquidity is the same as OG SAFEMOON. See line 731 in our contract code. + +✔ To clarify: we're not the FairMoon token swap, and we are not trying to represent ourselves as such. We are a Safe (read: bug-fixed) alternative! + +📈 Coingecko, CMC have been applied for, while Delta and UniRocket have accepted us and Blockfolio is pending. We hired an experienced content creator for inhouse marketing in addition to conducting extensive campaigns on social media platforms such as TikTok, Youtube, and Twitter. Yesterday we had a promotion with a TikTok account that has 250,000 followers. + +https://bscscan.com/address/0xe5c5923843ba152758773af7ea73c21793899135#code + +— Total Supply: 5,000,000,000— + +Fair launch through DxSale (no dev tokens) + +— 2% transaction fee: 1% to liquidity, 1% to you + +— Liquidity locked until 2100 + +— Ownership renounced + +— Trade on Pancakeswap + +— Contract: https://bscscan.com/token/0xe5c5923843Ba152758773AF7Ea73c21793899135 + +— Chart: https://dex.guru/token/0xe5c5923843Ba152758773AF7Ea73c21793899135-bsc + +— Twitter: https://twitter.com/SafeFairMoon + +— Website: https://safefairmoon.com + +— Telegram: https://t.me/SafeFairMoonOfficial + +Renounced ownership: https://bscscan.com/tx/0x9e930b20edfdf84eea5b736301e1c3acfaea4863b5b2e121db35489 +*I suspect this post won't garner much attention, because everyone here is after yield and Morguard is pretty boring even to those that love it, but in the absence of much of other content, I figured I'd post this here.* + +For those of you (ie. everyone) not paying attention, Morguard Corp (MRC) just published its full year 2019 results. The two highlights are: + +* FFO/share increased 5% (to $20.2/share) +* Book value increased to $328.62 + +Even though Morguard is near its all-time high, the stock is still trading at just 10x FFO and 61% of book value. + +You simply won't find a real estate company showing that kind of growth (which was a low growth year for Morguard) trading at such a valuation. For instance, + +* /r/CanadianInvestor favourite CAPREIT (CAR.UN) grew its FFO/unit by 3.4% through the first three quarters of 2019, but it trades at 28x FFO. +* Another local favourite, BPY, actually had FFO/unit go down (by quite a bit) and it trades at 12x FFO. +* Riocan (REI.UN) trades at 14.8x and grew FFO/unit just 1% last year. +* People think H&R REIT(HR.UN) is pretty cheap, and it is at 12.3x FFO, but that FFO/unit grew just 1.1%. + +Some REITs grow cash flow or FFO faster, and some are cheaper, but I am pretty cerain none of them offer the growth/valuation combination that Morguard does (you could do something like a PEG to show it but I think the difference is large enough you don't need to). + +Similarly, there may be a few REITs that trade at a similar discount to book value, but I doubt there are any that have Morguard's growth, its quality and/or redevelopment potential, or its capital allocator at the top. + +**Rai Sahi** + +About that capital allocator, Rai Sahi has run Morguard since the early 90's when it was called Ackland's. He took it over, turned around the company, then sold the operations (auto parts distributor) and reinvested the proceeds in real estate. Since then, he grew Morguard to what it is today, owning/managing over $21 billion of real estate. + +You can read all sorts of stuff about how he runs Morguard, and just how smart he is, there have been several well done pieces written about him. But more important to you is how shareholders have done. I think a picture is worth a thousand words, so here: [https://imgur.com/a/Xnu4Lx3](https://imgur.com/a/Xnu4Lx3) + +For those who didn't click, since 1991 when he took over, Morguard has returned over 4200%, vs \~430% for the TSX, 1700% for the S&P 500, and 160% for the Canadian real estate index (which only goes back to 2002. + +In short, he has killed the market, and if you put Morguard's return against almost any REIT, it holds up great, even though it is undervalued now so all of the returns came from creating value (as opposed to most REITs benefiting from multiple expansion). + +Rai Sahi knows how to invest in real estate, and he has the luxury of being able to buyback shares at a huge discount, which he is doing. There are also two public REITs Morguard manages (MRT.UN and MRG.UN) which he can buy and gives him another way to buy cheap real estate (MRT.UN is even cheaper than Morguard but lower quality). + +**Why is it cheap?** + +There are a few reasons, that are either silly or misunderstood. + +1. Morguard pays a pittance of a dividend, the yield is just 0.3% right now. I know that is a deal breaker for a lot of people, even though I think it's wrong. But the fact is that even though Morguard is likely to continue killing the market, even large institutions won't own Morguard because of the yield. That presents an opportunity for people who can look past it. If Morguard paid out 80% of FFO (like H&R), even though nothing about the company would be different, and traded at the same \~6% yield that H&R does, the stock would be $270. +2. Morguard is not promotional, at all. There is little analyst coverage, people don't talk about it, it's not exciting, they don't attend conferences, etc. Even though Sahi has gotten some press, there are people who simply don't know about Morguard or don't know it well enough to look. Again, this presents the enterprising investor an opportunity. +3. Morguard is associated with Alberta, despite just 11% of its real estate being there. Morguard's real estate is predominantly in Ontario, with a lot in the GTA. For most companies that commands a premium. +4. Moguard is associated with retail. This one is mostly correct, as retail is about 1/3rd of Morguard's portfolio. But as many know, retail presents redevelopment potential, that is getting recognized at other REITs. Riocan and BPY both offer much higher retail exposure (better locations but still) and both receive higher market multiples. And if anyone can add value to retail properties, it is Rai Sahi. +5. Morguard has made a big bet on hotels, which people hate. Morguard just completed its acquisition of Temple Hotels, which looks bad because so many of its hotels are in Fort McMurray. But he bought it at a great price that is probably almost justified by the land value at its Ontario, BC and Edmonton/Calgary hotels. Hotels are selling for above their IFRS values privately, so there is upside even if the market doesn't like it. +6. Low liquidity. Rai Sahi owns over 60% of Morguard, and there are only like 4 million shares he doesn't own. This total goes down every year as he buys back shares. + +**What else does it have going for it?** + +In addition to its real estate, Morguard also is an asset and property manager. This has the benefits of being asset light and high margin, but Morguard's business is even better because most of the AUM is permanent. Morguard collects fees from MRT.UN and MRG.UN, the same way that BAM collects fees from BPY, BIP, BEP, and BBU. Eveyrone acknowledges that BAM's fee earnings are great, but nobody thinks about it at Morguard. + +In 2019 Morguard earned $100 million in fees. At 40% margins and a 10x multiple (Brookfield says 25x is reasonable as a reference), the asset management business is worth $36 per Morguard share, value that isn't accounted for in Morguard's book value. + +**Conclusion** + +Should you own Morguard? If you are okay with the lack of yield (which I insist you should be), and want a stock that you can sleep at night with, I'd say yes. Morguard is valued such that it won't be hit too hard if the economy turns - debt is just 44% of assets, and 10x FFO is already a low multiple. At the pace of buybacks in 2019, Morguard would buyback every share except Sahi's within 20 years, and 2019 was a slow year for buybacks. In the not so distant future, Sahi will either take Morguard private (at somewhere close to book value) or sell it to one of the big players (CPPIB, Brookfeild, Blackstone, etc) for a large premium. + +In the meantime you get one of the sector's fastest growers, run by arguably the country's best real estate investor/CEO (top 3 is unarguable), at the sector's best valuation. That is wild to me. Warren Buffett said it is better to buy a wonderful business at a fair price than a fair business at a wonderful price. Well Morguard is a wonderful business, run by the Warren Buffett of Canadian real estate (I hate calling people that but it fits), and it is trading at a wonderful price. + +There are a bunch of ways to value Morguard: a more reasonable FFO multiple, what it would trade at if the dividend was higher(like I showed above), a multiple of book value, or a multiple of the sum of its parts (book value plus asset management business value). No matter which method one uses, I'm pretty sure that the result will be the value of Morguard being much higher than the current stock price. + +**TL;DR: Morguard trades cheaper than any REIT that is growing as fast as it is, has crushed the market for 20+ years, has a large asset management business people ignore, and is undervalued mostly for non-fundamental reasons. Combined, these likely lead to Morguard continuing to deliver market beating returns for shareholders.** +Just look around you, left and right people and quitting crypto because "they don't believe in it anymore" but the true reason why is because they aren't money off it anymore. If we were in a bull market where we would see green candles all day everyday they wouldn't dare get out but the opposite they'd be dancing all day and screaming crypto to the mooooooooon. + +This sub has many posts of people saying goodbye recently and I think these events mark a possible bottom for the market in my opinion. + +Crypto fundamentals never changed, bitcoin is still scarce, ethereum is still the biggest smart contract platform, and the other developments are also the same. + +If you are a Dev you will probably enjoy this time to build a project and have time to polish it and gather backers and a member base. + +If you are a normal investor then you aren't having a great time looking at the color red everyday. + +Right now most of the retail beginners exited, +it's just me, you and the whales. + +Thank you for reading +Have a nice day! +Greets, everyone.. So I made a list of the best books out there about Ethereum/Solidity/Trading and a few about Blockchain in general to the people that want to get involved deeper and perhaps develop any Dapp or get better at Day trading. + +Hope you like it. + + +**Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations** +• by CreateSpace Independent Publishing Platform + +[Amazon Link](http://amzn.to/2nhMGeM) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/31hj9NFKZfL._SX311_BO1,204,203,200_.jpg) + +The book aims to help you get your head around blockchains in general and around Ethereum specifically. Since Ethereum is currently the pre-imminent blockchain, it makes sense as reference point. The essential stuff is the same for any blockchain. +This text was written for people with a fast grasp, who are not programmers. Reading this should give you the basics to cut through the hype and to identify blockchain opportunities in your professional domain. There are tiny bits of code, which can be admired and skipped. + + +**Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain Programming for Beginners** +• by Apress + +[Amazon Link](http://amzn.to/2nhIrA5) + +[Book Picture](https://images-eu.ssl-images-amazon.com/images/I/518mvWhjuZL._SL150_.jpg) + +Learn how to use Solidity and the Ethereum project – second only to Bitcoin in market capitalization. Blockchain protocols are taking the world by storm, and the Ethereum project, with its Turing-complete scripting language Solidity, has rapidly become a front-runner. This book presents the blockchain phenomenon in context; then situates Ethereum in a world pioneered by Bitcoin. + + +**Mastering Ethereum: Building Smart Contracts and Dapps 1st Edition** (Pre Order) + +• by Andreas M. Antonopoulos (Author), Gavin Wood (Author) + +[Amazon Link](http://amzn.to/2nhHd7I) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/51eW3hlp3jL._SX379_BO1,204,203,200_.jpg) + +With this practical guide, you’ll learn how to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract), and many other things that have not been invented yet, all without a middle man or counterparty risk. + + +**Ethereum Programming – August 4, 2017** + +• by Alex Leverington (Author) + +[Amazon Link](http://amzn.to/2nhKpQZ) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/41fbPjIOL9L._SX404_BO1,204,203,200_.jpg) + +This book shows you how to build decentralized, resilient, unstoppable apps with Ethereum. We'll start with the basics, what ether is and how to acquire and use it, what DApps are and how they're relevant for developers and businesses of all sizes. Then we dive straight into examples that explore the concepts. Moving on, we'll design and build powerful, unstoppable applications that use Ethereum for their state storage. Finally, you'll see how to test and launch your app to provide resilient, unstoppable, reliable services to your users. + + +**Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World** +• by Don Tapscott , Alex Tapscott ( No1 Best Seller Money & Monetary Policy & Digital Currencies) + +[Amazon Link](http://amzn.to/2oepn55) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/51D83-Q%2B5sL._SX328_BO1,204,203,200_.jpg) + +Blockchain is the ingeniously simple, revolution­ary protocol that allows transactions to be simul­taneously anonymous and secure by maintaining a tamperproof public ledger of value. Though it’s the technology that drives bitcoin and other digital cur­rencies, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind, from birth and death certifi­cates to insurance claims and even votes. + + +**The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology** +• by William Mougayar (Author), Vitalik Buterin (Foreword) + +[Amazon Link](http://amzn.to/2oJMipw) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/51y7u3nH5GL.jpg) + +The Business Blockchain charts new territory in advancing our understanding of the blockchain by unpacking its elements like no other before. William Mougayar anticipates a future that consists of thousands, if not millions of blockchains that will enable not only frictionless value exchange, but also a new flow of value, redefining roles, relationships, power and governance. In this book, Mougayar makes two other strategic assertions. + + +**Blockchain: Blockchain, Smart Contracts, Investing in Ethereum, FinTech** +• by Jeff Reed + +[Amazon Link](http://amzn.to/2nhVmlo) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/51CCq%2BwD9CL._SX322_BO1,204,203,200_.jpg) + +Learn About the Emerging World of Financial Technology, and What They Won't Teach You In School.. +Jeff Reed has packaged four of his best-selling book so you can learn everything you need to know about financial technology in the 21st Century. By purchasing this book you're getting Blockchain, Smart Contracts, Investing in Ethereum, and Smart Contracts...a sweet 4-in-1 bundle deal (which Jeff considers a steal)! + + +**Investing in Ethereum: The Ultimate Guide to Learning--and Profiting from--Cryptocurrencies** +• by Oscar Flyn + +[Amazon Link](http://amzn.to/2oOqB4X) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/51O70RlEv8L._SX331_BO1,204,203,200_.jpg) + +Ethereum is now one of the hottest platforms to trade cryptocurrency on today. It’s growing by leaps and bounds every day, and it offers a different range of services that Bitcoin just doesn’t deliver. It’s also fairly simple to understand and is a low to no cost system to start on. +Now, in this book, you’ll get the inside look at this new and virtually untapped network--. You’ll learn all about Ethereum, it’s amazing benefits, its relationship to bitcoin, its decentralized nature, and the potential pitfalls to watch out for. + + +**The Internet of Money** +• by Andreas M. Antonopoulos + +[Amazon Link](http://amzn.to/2nIt0MD) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/41OlC0SRqRL.jpg) + +Andreas goes beyond exploring the technical functioning of the bitcoin network by illuminating bitcoin’s philosophical, social, and historical implications. As the internet has essentially transformed how people around the world interact and has permanently impacted our lives in ways we never could have imagined, bitcoin -- the internet of money -- is fundamentally changing our approach to solving social, political, and economic problems through decentralized technology. + + +**Ethereum: A look into the world of Ethereum and how to trade and invest this cryptocurrency!** +• by Ben Abner + +[Amazon Link](http://amzn.to/2nIs1vQ) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/51NlaRNXYqL._SX331_BO1,204,203,200_.jpg) + +You’re about to discover how to... I want to thank you for downloading the book, Ethereum Trade and Investment. This book contains all the information that you need to know about Ethereum in a compact and to the point format. The book is targeted toward people who love to learn about investing, trade and new money making opportunities. + + +**Mastering Bitcoin: Unlocking Digital Cryptocurrencies 1st Edition** +• by Andreas M. Antonopoulos + +[Amazon Link](http://amzn.to/2nhVm4X) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/51TDyaEvhcL._SX379_BO1,204,203,200_.jpg) + +Mastering Bitcoin is essential reading for everyone interested in learning about bitcoin basics, the technical operation of bitcoin, or if you're building the next great bitcoin killer app or business. From using a bitcoin wallet to buy a cup of coffee, to running a bitcoin marketplace with hundreds of thousands of transactions, or collaboratively building new financial innovations that will transform our understanding of currency and credit, this book will help you engineer money. You're about to unlock the API to a new economy. This book is your key. + + +Edit: 1 Book added Suggested by: /u/scarpoochi + + +**Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money** +• by Nathaniel Popper + +[Amazon Link](http://amzn.to/2nQSGHU) + +[Book Picture](https://images-na.ssl-images-amazon.com/images/I/51Vqbfzy88L.jpg) + +Bitcoin, the landmark digital money and financial technology, has spawned a global social movement with utopian ambitions. The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet. + +Msg me if you want me to add another book (affiliate links) + + +* A big change in lease accounting rules effective Jan. 1 requires companies to record operating leases on their balance sheets. +* Operating leases include everything a company rents to run its business, from office space, equipment, factories to planes and cars. +* The accounting change will result in an increase in company leverage, a key measure when evaluating a company's risk. + +Source [https://www.cnbc.com/2019/02/15/a-big-change-in-accounting-puts-3-trillion-on-corporate-books.html](https://www.cnbc.com/2019/02/15/a-big-change-in-accounting-puts-3-trillion-on-corporate-books.html?dlbk&te=1&nl=dealbook&emc=edit_dk_20190219) +So let me get this straight: A bunch of dudes who spent months shilling you their bags, made millions in the process while leaving you guys hanging with huge bags of coins after a crash and at a massive loss, charging you guys as much as 3000$ to attend. There were 8000 visitors too, you do the math. + +I still don't comprehend why some of you are still kissing these people's asses, 99% of their wealth was made on your backs through blatant insider trading and pumping and they walked away free leaving you guys with the massive losses. + +There is a reason why Vitalik boycotted this event, because it is just a massive circle jerk of crooks who pretend banks are evil but will go to the same lengths as them to acquire massive amounts of wealth. If the SEC investigated these folks for insider trading, i can guarantee you that 95% of them would end up in court, that clown Charlie Lee being the first of them. + +Now, seeking wealth is not evil, we are all here for this, but if you dare calling out the banks for being crooks and then encourage these shitty events that do nothing good for cryptos, then you are no different than the banks. + +You guys need to face reality and realize that most of these people sold on the high and unloaded everything they had on you, the people. It's not the whales, it's not the reptilians, it's not Mt.Gox, it's the main drivers of the cryptocurrency projects and the insiders that unloaded massive amounts of cryptos on investors to secure their profits while at the same time encouraging people to buy in. + +Stop encouraging this scum and start encouraging events that actually matter to the cryptocurrency world. + +PS: I bought way before 2017, i am still in the green, unloaded some of my positions in december as well but in no way i encouraged people to buy in through blatant shilling. I am not mad because these people got rich, i am mad because these people are the exact people the crypto world is supposed to be separating itself from. You can downvote me all you want, you will not hide the truth. +Which one do you deem to be the better option for someone who’s only willing to buy into one? + +I like both projects. but I believe short term Rocket Bunny will make me way more money. Your opinion? +Anonymous team that shills other anonymous teams under the guise of pretending to prevent rug pulls and exit scams through their platform. Probably all the same team. + +1. MYX is a scam from the same guy as Pyro. See https://youtu.be/1v5jstExDl4 and https://twitter.com/Best_Altcoins/status/1295328547205259265?s=20. Logo stolen from https://sustainablefestivals.co.uk + +2. Dextrust is another they are presaling. Just check their site. Amateurish, built through some site builder. Too good to be true staking rewards. Just meant to blind people through putting dollar signs in their eyes. According to road map already worked on for a year. Domain registered 12 days ago. + +3. DEXARB, also anonymous team, suddenly had to postpone their presale. + +I'd stay away from this. + +Bonus: this tweet deserves to be framed I guess lol: +https://twitter.com/markhannabtc/status/1297215952803762177?s=21 +Hi there, + +My husband is on home hospice care after an intense 3-year battle with stage 4 colon cancer. He is a 100% disabled, retired veteran, and we have all the ducks in a row for VA pay, SSDI, and social security for the kids. We just bought a house a month ago, and he ended up in the hospital 5 days after we closed. Sucks, but it is what it is. I'm his caregiver 24/7, and he has been the primary person in charge of our finances for our entire marriage, but has been setting things up so I've been able to slowly take over/do it with him. I'm nervous, but ready. + +I have questions about what happens to debt that is solely in his name after he passes? I read, and he told me, that I won't be responsible to pay off his things, and that those accounts will be closed as well, so I won't have access to them. The accounts in his name only include 3 credit cards (2 are completely or nearly paid off, one is at about 25% usage) and a loan, total about $17,000. There is another credit card that I think I'm only an authorized user for, but I'll have to look into that more closely (honestly, I'm not sure where, and we've been sharing finances for so long, and I've been a stay at home mom, worked part time, and now am a 24-hour caregiver for his every need. Have been for the better part of the last 2 years.) +I have two cards in my name only, and a student loan with a moderate amount left to pay (about $8000.) I know those don't apply. + +Anyway, I'm just not sure what the best thing is to do here. I don't really have established credit, since I haven't been the main person working or using any cards. Nothing is late or delinquent or anything, I just really haven't utilized much credit at all. The car, home, etc. have all been in his name with me added to them at the end. + +When this happens, and it will happen in the next several weeks or sooner, what do I do? Continue paying monthly payments? Call and let them know he has passed? I assume they'll close the accounts I'm not actually on. If they do, do I still make those monthly payments, or will they expect me to pay the full amounts due when I call? Should we have me added to those accounts now, and will that help my credit score, and then nothing really changes? (do I even need to worry about a credit score this very moment, since we've just purchase a house and have a totally reliable car?) We've had his cards for years and years, and my two cards for only about a year, so his limits are generous and there's a long history of our financial responsibility, whereas mine has very little usage and no real time to establish much yet. I'm just trying to figure out what the correct thing is to do, and when, and google isn't giving me straight answers. I would greatly appreciate any helpful advice here because this is all overwhelming. + +Thanks! +I emailed *help@sec.gov* on *Tuesday, Feb 15 at 1:20 PM*, subject, *"Investment Question."* In this email I said (replaced my name with "man" for privacy reasons): + +>Hello and good evening, +> +> +> +>I have a question regarding shares being borrowed. Ortex reports that utilization is 100% meaning all shares are currently lent out, it has been this way for 5 days now. Ortex’s data is sourced by the worlds largest combined pool of agent lenders, prime brokers, and broker-dealers who submit their inventory. My question to you is how are shares still being borrowed? Are they illegally being borrowed from long term shareholders such as myself? +> +> +> +>Thanks, +> +>Mr. Man + +They then replied on *Tuesday, March 8th at 11:35 AM* saying: + +>Dear Mr. Man, +> +> +> +>Thank you for contacting the U.S. Securities and Exchange Commission (SEC). +> +> +> +>We appreciate you informing us of your concerns. The SEC’s Office of Investor Education and Advocacy processes many comments from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some of the correspondence we receive is referred to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you. +> +> +> +>As you may know, naked short selling occurs when the short seller has not borrowed or arranged to borrow the securities to be delivered to the buyer within the standard two-day settlement period; this results in a "fail to deliver." Naked short selling is not necessarily illegal. Short selling used to manipulate the price of a stock, however, referred to as abusive naked short selling, is generally prohibited. +> +> +> +>For further general information about short sales, please review our Investor Bulletin: "An Introduction to Short Sales," available at [https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-51](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-51). Also, for information about Regulation SHO, which was adopted in part to address concerns regarding persistent failures to deliver and potentially abusive “naked” short selling, please see the SEC's "Key Points about Regulation SHO," available at [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm), as well as our Division of Market Regulation's "Responses to Frequently Asked Questions concerning Regulation SHO," available at [https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm). +> +> +> +>Once again, thank you for communicating your views. +> +> +> +>Sincerely, +> +>Office of Investor Education and Advocacy +> +>U.S. Securities and Exchange Commission +> +>(800) 732-0330 + +2 things to note out of this, *"naked short selling is not* ***necessarily*** *illegal"* in other words, selling something you don't own is fine (pretty fucked up), [we know this](https://www.investopedia.com/articles/optioninvestor/09/naked-short-selling.asp#:~:text=Key%20Takeaways,failure%20to%20deliver%20(FTD)), it results in FTDs. However, to say "*short selling is used to* ***manipulate*** *the price of a stock"* is where I was in awe, they practically confessed to allowing short sellers committing [market manipulation](https://www.sec.gov/files/Market%20Manipulations%20and%20Case%20Studies.pdf). I suppose whoever I was emailing was unaware why normal people [short](https://www.investopedia.com/terms/s/shortselling.asp), as if market manipulation is a normal thing. + +I then replied twice, once on *March 8, 2022 at 2:25 PM* and another time a FWD on *July 25, 2022 at 7:17 PM:* + + + +>Thank you for your response,  +> +>I only have a few more follow up questions for you with that answer. All meme stocks have been in tangent movement it is clear they are being manipulated by the market maker. What will you do to stop this illegal algorithmic trading and shorting through dark pools?  +> +>It is now the 20th day all shares have been completely lent out, with GameStop at a 100% utilization yet the price continues to go down. Is this questionable stock behavior to you? What would you define as, “abusive” and when it does become, “abusive” what will you do to enforce? Will you take action just as you did in [2008](https://www.sec.gov/news/press/2008/2008-204.htm) and [2009](https://www.sec.gov/news/press/2009/2009-172.htm) making all shorts cover? It is clear there is abusive short selling since the DOJ is probing [30 institutions for what looks like racketeering](https://news.bloomberglaw.com/securities-law/vast-doj-probe-looks-at-almost-30-short-selling-firms-and-allies). +> +>Thanks, +> +>Mr. Man + +Either someone realized that they said too much, or that they were laughing at me asking, *"what will you do to enforce?"* while [opening PornHub](https://www.politico.com/story/2010/04/report-sec-staffers-viewed-porn-036260). My next FWD will be to the General Inspector and the DOJ since clearly the SEC turns a blind eye to abusive short selling and is complicit with market manipulation. Regardless, DRS and HODL, lets make these hedgefuck cucks look at dumb as they did in 2008. +In the dot com bubble and in 2008 several companies went under. Dot Com bubble you had many e commerce stocks like [Pets.com](https://Pets.com) go bankrupt with Amazon being one that survived. In 2008 you had Lehman Brothers. + +What companies do you think will be going under in the current bear market or crash. I would say several SPACs seem likely. There were many no revenue companies that claimed they would start making Billions in revenue by 2023. And it is now looking like a totally different economic climate for next year right now. +A bunch of people I follow on Twatter and several GME related posts in my feed have been calling the DRS crowd "bullies." They're claiming they "don't want to DRS" because it's "sus" and they're being bullied by people who want them to DRS. + +I think the hedge fucks/Prime Brokers are feeling the burn and starting to pay off more people to talk shit about CS. Maybe I'm wrong but I haven't seen anti-DRS stuff on Twatter since they tried to keep us from doing it the first time. + +Buy, hodl, and DRS. +High Tide announced this morning that they are bringing forward the announcement of their 2021 Q1 Results + +“High Tide announced today that it has changed the time of the release of its first quarter 2021 results and conference call. The Company will now release its financial and operational results for the quarter ended January 31, 2021 after market close on Wednesday, March 31, 2021. High Tide's first quarter 2021 financial and operational results will be available on SEDAR and on the Company's website at” + +This could be good news as it will now leave a day of trading after the report comes out + +Full article here: https://t.co/5tQN7BpPiQ +**TLDR**: Work 2014-Present living frugally in "VHCOL". Over the last 6 years post tax income has changed from $50,000-$64,000 (Engineer, but not one of those cool engineers.) NW from \~18k to \~330k at present. Average savings rate of 60%. + +["Wall Chart" Graph (Shows NW, Income/Expenses)](https://i.imgur.com/7MXfHpw.png) + +*\[Side note: Over the 6 years on this chart, I received a few windfalls, totaling $33,000, due to the passing of a relative. If it makes you feel more comfortable, feel free to remove these from my NW, as they were out of my control. Note, my income #s include the windfalls, I was too lazy to separate them.\]* + +&#x200B; + +**Why I'm posting** + +I see mild, good natured complaints in the comments every time there's a "My Story" post with someone with a 200k yearly income, so thought I would share my story so far as an "average" earner whose income and expenses haven't changed too drastically over the years shown. + +**"Okay cut the shit, what is 'Average'?"** + +Grabbed "Average" from this [Source (dqydj)](https://dqydj.com/average-median-top-individual-income-percentiles/) which shows + +*Median (pre-tax) income* of \~$43,000 (50th percentile) and + +*Average (pre-tax) income* of \~$62,000 (\~65.5th percentile), + +which is just above my average pre-tax job income over the years shown. + +&#x200B; + +**Here's my Post Tax In/Out** + +||Income|Expenses|Net| +|:-|:-|:-|:-| +|2015|50,200|19,600|30,500| +|2016|54,500|24,200|30,300| +|2017|63,900|29,900|34,000| +|2018|67,800|20,600|47,200| +|2019|56,100|22,100|34,000| +|2020 (so far)|57,500|18,100|39,400| +|Average|58,300|22,400|35,900| + +\[\*See Windfall side note in TLDR above\] + +&#x200B; + +**Lifestyle/Expenses** + +I am a "low maintenance person", so I have a fairly cheap ($750/mo) room rented with housemates (edit: After 6 years, I am finally starting to getting sick of this. Time for an upgrade soon...). No car, bike to work, bus if I'm going somewhere I don't want to bike. Gracious friends help for rides if I'm going somewhere I can't bus or bike to (and then I treat them to lunch, if they'll let me). + +Food cost \~$380/mo. I do most of my cooking/bring lunch to work, but don't consciously try to penny pinch at the grocery store. I get the good ice-cream. Food is expensive where I live. + +The rest of the expenses are small, but add up to \~$1,800-1,900/mo. Happy to share more info about expenses etc. if you have any questions. + +&#x200B; + +**Strategy** + +Basically, Index funds buy & hold. Nothing too complicated here. + +I mostly follow the FIRE investing meme hivemind. + +&#x200B; + +**Reflecting/Looking Forward** + +I definitely realize the market has been an absolute beast for helping me reach this milestone. I'm not sure I expect it to work quite so hard for me in the future (either way, it doesn't affect my approach to investing/FI). Currently planning for a conservativeish 3.75% withdrawal rate, and have just reached \~50% of my average expenses, \~25% to my arbitrary FI number, which I'm sure will increase. Current planned FI number allows for just over 2x my current expenses. Slow and steady wins the race. + +Take care and happy belated Halloween everyone :) - TreeFiddy (Maybe I shoulda waited til 350k...) +https://www.bloomberg.com/news/articles/2018-01-26/trump-is-said-to-seek-716-billion-for-defense-in-2019-budget + +Good times for those of us long on defense. Best defense stock rally of all time probably. + +Long $NOC $RTN, $BWXT, and $ITA and loving it. To the moon! Lol @ the deficit! +I heard about Ethereum just over two weeks ago and got a little money in just before the big jump. Since then, I've gone full force trying to learn whatever I can about cryptocurrencies and the Ethereum blockchain. I have never been more excited about something in my life and have never been more grateful than I am to the /r/ethtrader community, who have given me tons of help and guidance. I look forward to being able to one day pass on advice to others and continuing to contribute any way i can to this sub + + +THANKS GUYS! +AMA about how much I hate my life as bitcoin re-enters 50k.... So me and about 20 friends ordered some fake ID'S for 1.2 bitcoin for 2 fakes each. The fakes were ordered on SilkRoad and at the time cost us about 220 for two fake ID'S..... + +So AMA about how much I regret leading this purchase and what I would do with the money if I hadn't blown it my junior year on shitty fakes.... +Zenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind.The first use-case of NoM would be to power decentralized infrastructure services that will support further development of next-gen web3 applications. The hybrid applications built on Zenon will fall under a variety of use-cases, covering anything from decentralized storage solutions to DeFi or IoT. + +What is it: + +Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: + +This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +Testnet is live and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere. Also you can earn passive income on your $ZNN Avg 55% APY. No need to send it anywhere stake it yourself on your own pc. + +You have been warned. +I'm 15 and have like 50$ max in crypto. Currently, I only have 2 assets: Ravencoin which I mine on my pc, and ltc which I use for any transactions. I don't mind getting high-risk high-reward coins as losing a few dollars which I mine isn't that big of a deal. +It looks like it is easy to get into the cryptocurrency markets, but I'm more worried about getting out than in. "I care less about the return on my money than the return of my money." -Will Rogers(maybe) + +How hard is it to convert back to a FIAT(USD, EUR, etc)? +It looks like it is easy to get into the cryptocurrency markets, but I'm more worried about getting out than in. "I care less about the return on my money than the return of my money." -Will Rogers(maybe) + +How hard is it to convert back to a FIAT(USD, EUR, etc)? +Hello friends. Recently, many new generation blockchains have emerged that are helping to integrate web3.0 much more intensively and faster than Ethereum can. + +I am not asking you to scold in defense of a particular blockchain, I want to hear constructive comments that will help me determine whether there is any sense in such projects and how they will exist in the coming years. + +As you already understood, now we will talk about the Solana blockchain and Near Protocol. + +Technologically, these projects are very similar and solve the same problem - the scalability of decentralized technologies on the Internet. + +The projects perform almost the same function, but the Solana ecosystem is much more developed than the Near Protocol. + +but in some ways, Near is ahead of Solana's technological advancement. Offering by the user gas free DeFi by means of Aurora and low commissions with a maximum commission throughput rate of 100k tps + +So this is my question. By and large, the functions of these blockchains are already performed by the BSC, what is the point of developing the same technological solutions? + +Perhaps this is the same as Pepsi and Cola, in fact the same drinks, but someone loves Pepsi, and someone loves Coca-Cola. + +Will the cryptocurrency market come to one solution? Or the market will continue to be replenished with new "drinks" +Guten Tag to this global band of Apes! 👋🦍 + +I love seeing all of the hype around our DRS momentum. +There has been an incredible amount of FUD recently, focused on dividing our community and breaking individual investors off from this movement. +We may invest individually, but the collective movement to DRS our shares, track the progress, and educate the world about the benefits is far stronger than any of us alone. +The strength of our Diamantenhände is amplified by this movement, and I cannot imagine having reached this point without it. + +The SHFs support each other because they know that even one of them failing a margin call would lead to them all being toppled. +Their loyalty extends only as far as it is expedient to their own survival. +When the house of cards starts to fall, they will quickly abandon each other in an attempt to survive. +Apes, on the other hand, have every reason to support each other through the MOASS. + +Our Diamantenhände are strongest together. + +Today is Friday, November 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: **$24.38 / 24,49 €** *(volume: 5218)* +- 🟩 115 minutes in: $24.38 / 24,49 € *(volume: 5093)* +- 🟥 110 minutes in: $24.34 / 24,46 € *(volume: 5093)* +- 🟩 105 minutes in: $24.39 / 24,50 € *(volume: 5093)* +- 🟩 100 minutes in: $24.39 / 24,50 € *(volume: 5037)* +- 🟩 95 minutes in: $24.39 / 24,50 € *(volume: 5027)* +- 🟩 90 minutes in: $24.33 / 24,44 € *(volume: 4982)* +- 🟥 85 minutes in: $24.33 / 24,44 € *(volume: 4876)* +- 🟩 80 minutes in: $24.34 / 24,45 € *(volume: 4831)* +- 🟥 75 minutes in: $24.31 / 24,42 € *(volume: 4727)* +- 🟩 70 minutes in: $24.61 / 24,73 € *(volume: 4727)* +- 🟥 65 minutes in: $24.46 / 24,58 € *(volume: 3869)* +- 🟩 60 minutes in: $24.61 / 24,73 € *(volume: 3869)* +- 🟥 55 minutes in: $24.61 / 24,73 € *(volume: 3860)* +- 🟩 50 minutes in: $24.62 / 24,73 € *(volume: 3669)* +- 🟥 45 minutes in: $24.61 / 24,72 € *(volume: 3559)* +- 🟩 40 minutes in: $24.62 / 24,74 € *(volume: 3439)* +- 🟥 35 minutes in: $24.60 / 24,72 € *(volume: 3419)* +- ⬜ 30 minutes in: $24.61 / 24,72 € *(volume: 3405)* +- ⬜ 25 minutes in: $24.61 / 24,72 € *(volume: 3227)* +- 🟥 20 minutes in: $24.61 / 24,72 € *(volume: 3222)* +- 🟥 15 minutes in: $24.61 / 24,73 € *(volume: 2722)* +- 🟩 10 minutes in: $24.63 / 24,74 € *(volume: 2722)* +- 🟩 5 minutes in: $24.61 / 24,73 € *(volume: 2476)* +- 🟥 0 minutes in: $24.47 / 24,58 € *(volume: 140)* +- 🟩 US close price: $24.88 / 24,99 € *($24.87 / 24,98 € 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 0.9954. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi fellow Canadian investors, + +I'm a male 31 years, in QC, work as an IT consultant (self employed), as the title says TFSA ans RRSP are full. + +I don't have a house or a condo ( not interested in owning soon, prices are just crazy). Where should I invest now ? +Do you have any strategy to minimise taxes ? + +Thanks. +hi gang: + +i have accts open at wealthsimple, questrade and now also national bank (due to free fees) + +...so it's a bit tedious tracking stocks at these different instituions (and each value is different given when I bought the stock/etf)...is there a good app or software you subscribe to (or even excel sheet link) you use to track them all? +&#x200B; + +Artis REIT ([AX-UN.TO](http://ax-un.to/)) I wrote about recently, but has since released its financial results. I was pleasantly surprised they surpassed my $17 NAV target to hit $17.40 NAV. Below I outline the path to $20 NAV, possibly by the end of Q1 reporting. If not, Q2. It is important to note that a sizeable chunk of Artis is Industrial, while Office is being slowly sold. Samir's history with industrial REITs should not be ignored. + +&#x200B; + +\----------- + +&#x200B; + +**Gross Leasable Area** + +&#x200B; + +48.8% of Artis' Gross Leasable Area (about 9.5M sq feet) is currently Industrial. An incredibly fast growing area in high demand with rising rents. Artis has been focused on Industrial, and continues to focus on its development here. Even after Artis sold off the majority of its GTA Portfolio for $750M, it still is the REITs largest footprint (was 54.3% before sale, now 48.8%.) Artis also has all their Calgary office space up for sale (nearly 700,000 sq feet). Some sales should be announced this year, which will only help shift Industrial to become over 50% of GLA again. In addition, around 1.469 million square feet of industrial is in development. Industrial will soon be well over 50% of GLA again, and clearly this is the path Artis is taking. We should view Artis as an industrial focused REIT long term, with a shrinking office segment, and smart management who is aligned with unitholders. Artis' new vision is to close the NAV GAP, currently at $17.40, and insiders with their 29% ownership have put their money where their mouth is. Samir and Sandpiper continue to buy units regularly. + +&#x200B; + +\----------- + +&#x200B; + +**Industrial Valuation** + +&#x200B; + +After selling $750M in Industrial, well over its $550M IFRS value, we can easily see the 36% upside in industrial asset value. If we take the 1.5B left in industrial, add 30% upside(slightly lower than the 36% upside realized from their recent sale) to be the likely market price, and we can achieve a roughly 2B valuation on industrial today, vs 2B in Office, 200M in Residential, and 700M in Retail. Doing some simple math, it's easy to see how undervalued Artis is trading today. At 17.40 NAV, and 11.6X trading price, it can be viewed as nearly no value is being put on their Office Portfolio. If you are investing in Artis but have concerns about Office (which they have good assets and good tenants IMO), then don't worry, as we are not really paying much for it anyways. + +&#x200B; + +\----------- + +&#x200B; + +**Sandpiper's History with Industrial** + +&#x200B; + +For those that are not familiar with Samir/Sandpiper, Samir helped transform Granite REIT into what it is today through a proxy battle in 2017, and was able to shake up the board at Granite. What we see with Artis today is a new Artis after Sandpiper won its recent proxy battle. Insiders now own around 29% of the REIT, so are highly aligned with us, the unitholders. Sandpiper has also greatly reduced admin and board fees. This is no longer a management looking out for themselves in the way of collecting management fees. It is now a management that is highly motivated by an increase in unit price. It is worth searching for some of Sandpiper's history with Granite to get an understanding of their activist endeavors. + +&#x200B; + +\----------- + +&#x200B; + +**Buybacks** + +&#x200B; + +Artis has been running a healthy buyback program. Units have been reduced in Q3 to 125M vs 135M in Q4 2020. The discount to NAV on purchases is quickly driving up NAV of the REIT, while at the same time contributing to reduce the payout ratio and retaining FFO. This buyback program can continue funded by recent dispositions, and retained FFO. As shares are bought back, weak hands are being removed, and insider ownership is growing. This is guaranteed ROI, and is the right thing to do when units are trading at such a discount. + +&#x200B; + +\----------- + +&#x200B; + +**Cominar Purchase Breakdown AKA Steal and Flip** + +&#x200B; + +Artis is participating in the buyout of Cominar. This is an incredibly lucrative acquisition which I can help explain below. Currently we do not have all the details as it is being kept private. Artis and the consortium are keeping this deal private for good reason. Revealing to Cominar's unitholders how they are going to essentially steal the REIT and realize a gain from a massive NAV discount, and dispositions, would risk Cominar's unitholders to reject the deal. Management of Cominar is very poor IMO. Not only can they not turn the REIT around, they had to spend millions on outside consulting and bankers to sell the REIT well below NAV, when normally these transactions occur above NAV. + +Cominar Industrial: 15.25M Square Feet, 190 Buildings 2.17B \~37% of NAV + +Cominar Retail: 9.4M Square Feet, 41 Buildings 1.65B. \~25.4% of NAV + +Cominar Office: 11.07M Square Feet, 79 Buildings, 2.32B Fair Value. \~37.6% of NAV + +Q3 Reported NAV $14.72 vs Purchase Price $11.75 + +&#x200B; + +This is a purchase of just under 20% discount to NAV, or 4.91B for 6.14B in Assets. This is a simple way of looking at this, ignoring other assets such as cash, joint ventures, properties held for sale, receivables, etc. + +&#x200B; + +It was revealed that Blackstone will purchase the Industrial Portfolio. I expect this will be purchased for around 15% above NAV, or about 2.5B for 2.17B IFRS in properties. + +&#x200B; + +Group Mach will purchase some retail and office for a total of 42 properties. Likely at NAV. Let's throw a number of 1B. This is a complete guess and won't be a big deal if wrong, as it's unlikely to fetch far off NAV in this deal. + +&#x200B; + +The consortium will purchase 6.14B in Assets for 4.91B, then sell 2.17B IFRS of industrial assets for 2.5B, which results in 2.41B purchase cost for 3.97B in Assets. Then sell 1B to Group Mach, resulting in 1.41B purchase cost on 2.97B in Assets. + +&#x200B; + +Essentially, the end result is roughly 50% discount to NAV on this deal for the consortium on the assets they are retaining. Everyone is getting a deal here. Blackstone is getting quality industrial at a small premium to NAV, Group Mach gets some properties aligned with their objectives (if cherry picked, they may have paid a premium to NAV), and the Consortium gets many other quality assets at a massive discount to NAV. As example, Alexis Nihon is expected to remain in the Consortium. + +&#x200B; + +As Artis appears to be applying around 214M to this deal in common as well as preferred units, we could calculate a rough 200M ROI, or about $1.5 to $2/unit in NAV gains. The 215M investment by Artis matches closely with a 1/3 purchase arrangement assuming a 55% debt ratio, which supports roughly as outlined above. Again, these are all speculative, and the numbers are not really important, and will NOT be accurate. What is important here is to visualize how this transaction will be profitable. Return on the investment would also be realized quickly, as Blackstone and Group Mach will purchase the properties immediately. + +&#x200B; + +Again, no information has been released so this is strategic speculation with the little information we have. It is all very hush hush until the Cominar vote is approved. Samir and the entire buying group is a smart bunch, and this is a perfect example of how Artis is driving up NAV through unconventional REIT investments. I anticipate my estimate is going to be off, but the visualization of how the deal will drive unitholder NAV gains is most important and should be somewhat accurate. + +&#x200B; + +\----------- + +&#x200B; + +**Special Distribution** + +&#x200B; + +Artis is expected to declare a special distribution over the next 2 weeks. I expect this will be a cash and unit distribution, similar to H&R. Details are yet to be announced. Artis' new mandate is to grow NAV, so keeping as much of the NAV in Samir/Artis' hands is likely. I am not expecting a big cash payout, but instead we are rewarded with a continued rise in NAV, and in turn, the unit price will follow. Remember, Artis is now owned around 30% by insiders, with Sandpiper taking a huge stake in the REIT. They are fully aligned with unitholders, and will do what is best for the unit price. + +&#x200B; + +\----------- + +&#x200B; + +**Conclusion** + +&#x200B; + +Artis' takeover by Sandpiper/Samir has created a REIT investment vehicle this market has not seen before. Samir is taking a "boring" REIT, and utilizing its size and quality assets to make moves not possible by Sandpiper or Artis themselves. This is creating exceptional NAV gains, and we are not even 1 year into Samir's leadership. NAV has already grown to $17.40 in Q3 2021 from $15.03 in Q4 2020. If buybacks will generate an additional 80 cents through Q4 2021/Q1 2022, along with $1.50 to $2 from the Cominar purchase, we have a chance of realistically breaking $20 NAV by the end of Q1. + +&#x200B; + +\----------- + +&#x200B; + +**Disclosure** + +&#x200B; + +I own Artis, and have recently acquired more on Friday's panic selling. I will likely add more if any further weakness is seen. + +&#x200B; + +\----------- + +&#x200B; + +**Risks** + +&#x200B; + +I should not need to mention the risk of a new wave of COVID, but I will. An additional risk I could see is a failed takeover of Cominar, although if Cominar votes no, they need to pay a breakup fee to the consortium. + +&#x200B; + +\----------- + +&#x200B; + +**Sources**: + +Press Release - [https://www.groupemach.com/en/news/1090-mach-purchases-a-significant-portion-of-cominar-s-portfolio.html](https://www.groupemach.com/en/news/1090-mach-purchases-a-significant-portion-of-cominar-s-portfolio.html) + +Earnings Calls & Earnings Reports + +Cominar report to unitholders Circular - [https://www.cominar.com/en/press-room/press-releases/1130/cominar-files-management-information-circular-for-acquisition-by/](https://www.cominar.com/en/press-room/press-releases/1130/cominar-files-management-information-circular-for-acquisition-by/) + +&#x200B; + +\----------- + +&#x200B; + +**My Previous Artis Write Up:** + +[https://www.reddit.com/r/CanadianInvestor/comments/qa4hbv/artis\_reit\_by\_retiredceo\_a\_sandpiper\_target/](https://www.reddit.com/r/CanadianInvestor/comments/qa4hbv/artis_reit_by_retiredceo_a_sandpiper_target/) +So I have been investing in small amounts over past few months. Few hundred a month into veqt, td, enb. But i am looking for something thats more aggressive or riskier i guess you can say. Maybe like a tech etf? I am open to lot more risk. I currently do 80% veqt and 10 td and 10 enb. I am also 23yr old. +I read so many posts about people jumping right into trading/day trading and lose big very quickly and feel it could have been avoided or at least minimized. The feeling of having money on account and ready to trade can be very tempting and thoughts of the money you are missing races through your head. FOMO kicks in. Regardless of the hype, there is no perfect trading strategy or silver bullet for investing, it's about finding your style and comfort level. Instead of asking for the answer look for the right questions to ask. Do your homework, do your backtesting, hit it hard. The market dynamics change minute-by-minute so you don't want to be in a constant cycle of asking what to do. Setup a paper trading account and once you can trust your instincts with play money you can confidently step into the arena of live trade. Good luck, it's BRUTAL out there. +I just got off the phone with them after being on hold for 30 mins. They are having issues with their premarket servers and we cannot trade on small margin accounts. They are working on the issue. I hope everyone makes out okay with this. Thought stuff like this only happened to RH. + +&#x200B; + +Take Care +So what are some great tips to beginners on how to start and make a good dividend portfolio? What are some of your favorite stocks that have dividends? How did you build your own dividend? And how long did it take to make a decent profit every month? +What percent of your net worth is in cash? What rule do you follow for cash? + +I'm single, employed, have a huge savings rate etc. But I have more cash than I need for 3 months expenses. I'd probably spend 6k at most for 3-6 months unemployment. Plus I'm young enough to move in with parents. + +Almost all my networth is in equitites (stock) with a tiny bit of bonds. Much of this is in maxed out retirement accounts. So cash is in some ways what I plan to use in the case of a recession to buy more stock. But I'm afraid of all the inflation and taxes on my cash. +First and foremost, I am a crypto investor, a tech enthusiast, and a developer. I have recently invested in whatever Reddit has been shilling, which includes TRON. Now, don't get me wrong, this coin has gotten me great returns thus far, but after a closer examination of its whitepaper and marketing, I am seriously doubting the legitimacy of this project. + +Here are some specifics about the marketing that have caught my attention: + +the amount of futuristic buzzwords and abbreviations like "Great Voyage" or "Star Trek" to capture attention + +the recent partnership with game.com, which appears impressive, but is a shitty website recently created to promote TRON. Its only game, Cryptodoggies, is very superficial with almost no feature except the ability to purchase virtual pets with TRON. Take a look for yourself. + +In its whitepaper: + +35% of coins go to the founders, while 10% of the initial coins go to Peiwo, a startup recently created by the founder of TRON. + +TRON claims that Peiwo is China's largest music content community with 10 million users and 1 million daily users, and will soon support TRX. This is a blatant lie; Peiwo is similar to game.com, a buzzword startup created by Justin to campaign this coin. Its App Store release only has 2,000 total reviews. Again, you can take my word or do some Googling for yourself. + +Anyways, I encourage you all to do some research on this coin, and let me know if you agree or disagree! + +Edit: upon some further digging, I have found similar concerns from other Redditors that didn't seem to raise any attention: https://www.reddit.com/r/binance/comments/6w41e0/anyone_even_verified_peiwotron_claim_of_10m_users/ +As I see it there are two especially interesting points that make the crypto market differ from something like the Dow or the Nasdaq: + + +**1) Hight percentage of money earned vs. money invested** + +Everyone of us can look at their crypto worth and say how much of that was earned vs. invested. I think for the crypto market as a whole this figure is rather high, mainly because the whales (say, 500K+) more often than not did get so fat because they got in early, not because they invested 100K to begin with. + + +**2) Crypto investors are rather young** + +This is just a wild speculation on my part simply based on my observation that I was not able to convince a single person over the age of forty to invest in crypto. Of course, to grow up with computers as a normal part of life helps to go this special step further and grasp the concept of crypto. + + +Now, what does this mean? I wrote it in the title: I am tempted to think we are in a situation comparable to one in which a new continent is discovered and vast arrays of land are sold off on the cheap. Why? Because of 1) I think the pressure to take out the money is not too high, you may take out your initial investment and still leave a lot on the market. Same goes for 2), because when you are young you are less likely to need a lot of money for an ex-wife, a wife, a mortgage and four kids (which is, to be honest, exactly what I use *dem mad gainz* for). So I think we have long way to go before the crypto market *as a whole* will be a popping bubble in which drones of investors are eager to cash out. + + +What do you think? What do these factors mean for the crypto market? + + +TL;DR +Investors in the crypto market as a whole are rather young and have earned a lot in this market (compared with something like the stock markets), reducing the pressure to cash out - so the party is just getting started. + +--- +Edit: + +Thanks for all the contributions! Two points I would like to put up here: + + +**3) (/u/manimoa) Crypto users tend to distrust the traditional financial system and therefore hesitate to convert back to fiat** + + +**4) (/u/sandball) A lot of crypto users have a strong emotional attachment to their investment vehicle, expecting huge gains and thus being unwilling to sell before a big rise has happened** + + + + + +TAWNF hit $5 in March. Currently running hard as I write this, up to .17. There is a meeting tomorrow about if the government should continue to sponser the airline. + +For a tourism country I'm betting they do what they can to keep it healthy. + +A couple of articles: + +[https://www.aviationpros.com/airlines/news/21221694/thai-airways-still-in-holding-pattern-after-cabinet-meeting](https://www.aviationpros.com/airlines/news/21221694/thai-airways-still-in-holding-pattern-after-cabinet-meeting) + +&#x200B; + +[https://www.bangkokpost.com/business/2109775/thai-union-at-odds-over-survival-plan](https://www.bangkokpost.com/business/2109775/thai-union-at-odds-over-survival-plan) + +&#x200B; + +Meeting will happen overnight so you gotta enter today if you want the lotto ticket, could easily go the other way. Not finincial advice, GLTA. + +Edit: Morning! Looks like they have to hammer out some details. Vote is moved to May 19th. Still the same play for me. But pushed back. + +New with info: https://www.bangkokpost.com/business/2114523/thai-airways-creditors-delay-vote-on-debt-restructuring-plan + +Edit2: 5/14 - Second verse same as the first. Heating up again, and still very confident in the vote. If the restructure doesn't pass creditors will only get about 13% of their money back. Looking good. Not sure how many dips are left in this. + +FinalEdit 5/19 - WELP, everything went as planned except the price and the reaction. There were plenty of times to take profits so hopefully most did. After the $5 spike in march it leveled off to a buck and a half, I don't see any reason it shouldn't get back there for full value, but it might be a while till it does. I'll be holding most of position until then, as I got in early enough I'm still up with feeling it has room to grow. +Ryan Cohen's favourite piece of shit - Boston Consulting Group - has been fucking us here in Australia recently too. Below are a number of high profile news pieces (and some lesser known articles) that many of us here down under would have heard mentioned by the media, but may have had no idea of the connection to BCG. + +[(1)](https://www.consultancy.com.au/news/2341/bcgs-fees-for-covidsafe-app-surpass-1-million-mark) BCG received $1 million for Federal Governments CovidSafe app, which [Failed to uncover a single Covid case](https://www.abc.net.au/news/2021-09-30/covidsafe-app-cost-hasnt-uncovered-close-contacts-2021-outbreaks/100499870) + +[(2)](https://www.consultancy.com.au/news/3159/bcg-working-with-oz-government-on-gas-fired-recovery)BCG were paid $9 million to tell Department of Industry, Science, Energy and Resources that a gas-led recovery is the preferred option for Australia. + +[(3)](https://www.afr.com/companies/professional-services/senate-scrutinises-bcg-s-1-32m-auspost-work-20210504-p57onz)BCG unable to explain to a senate inquiry why an additional $1.32 million was paid to them by Australia Post. BCG originally recommended AusPost privatise parts of their business, which then [CEO Christine Holgate disagreed with.](https://www.theguardian.com/business/2021/apr/14/christine-holgate-reveals-parts-of-secret-review-backing-more-australia-post-privatisation) She was sacked under dubious circumstances soon after. + +[(4)](https://www.smh.com.au/sport/cricket/australian-cricket-facing-100m-cash-crisis-report-warns-20211105-p596gz.html)BCG used 2019 covid data to suggest Cricket Australia sell parts of its BBL to private organisations due to reduced income from gate receipts. + +[(5)](https://www.itnews.com.au/news/home-affairs-spent-92-million-on-failed-visa-platform-outsourcing-548309) Home affairs paid BCG $43.5 million on a failed visa processing platform. + +There are more items I am yet to see the bottom of, including a $3.2 million fee paid to BCG for a report into a Disability Employment Services program which officials refused to release, as well as a $550k payment to BCG by the NSW government to develop a strategy for Transport Asset Holding Entity (TAFE). + +These guys are fuck tards. + +Edit - My far too early to confirm ELI5 theory: BCG are hired by interested parties (eg corrupted CEOs or government officials) to compile a report which will ultimately make pre-agreed recommendations, to the benefit of said interested party. +# Daily Smooth Brain Jungle + +Talk about whatever you want, just follow the subreddit rules. + +*Please let smooth brain apes know about the daily discussion for wrinkle brains so they can take their conversation there if needed, and report comments that may need moderator attention. We will make attempts to politely redirect discussion, but will moderate further if necessary.* + +# 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) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily Smooth Brain Jungle discussion threads are created at 4:20 a.m. EDT* +What's up theta gang, I've been paper trading for some time, but now I'm itching to get into the arena. I have $40k to play with, what are your suggestions? Is it enough to play with SPY already, or should I just focus on cheap tickers for CSP or PCSs? +Thanks for your suggestions +I’m curious, what is your LEAST FAVORITE thing about trading options manually? I love trading options (as most of you probably do), but there are certain mundane repetitive tasks I hate (finding specific deltas, open interest, entering/re-entering orders). Thoughts? +(Not just, “I don’t like losing money” please) +Looking into automated trading and curious about what others are tired of doing manually +Merry Christmas everyone! I just wanted to float this question to the traders on this sub. I know extensively of both of these types of spreads, I just wanted to know what your preference is between the two and why? When I sell credit spreads I notice that the price direction doesn’t always impact the price of the spread as much as say a debit spread, especially with an expiration longer than a week or two. Sure you get the credit up front but when doing debit spreads it’s always felt more profitable to me, it’s almost like a handicapped call option. Maybe credit spreads are better farther out of the money where you can forget about them? I would appreciate your thoughts below! +I got payed, first time, paycheck once every two weeks at 2 and here's the breakdown, IDK if this will be done every two weeks or once a month + +Gross: 2,145.40 +Netpay: 1,539.47 + +So California taxes and federal taxes took about 605$ and here's the breakdown + +- Federal tax 304.31 +- State Tax CA 92.26 +- OASDI FICA (IDK what this is) 131.27 +- HI Medicare (whats HI medicare?) 30.70 +- Kaiser CA - Pre (I thought this was medicare) 34.84 +- State DI CA (IDK what this is) 19.05 +- Safeguard Dent - Pre 2.50 + +Can someone tell me how "HI Medicare" is different from "Kaisar CA"? + +What are "OASD FICA" and State DI CA"??? + +**Buying a house with family** would I be able to say I get 56k a year to cosign on a house? and how long do I wait till I can put my name on a mortgage loan? + +Thank you in advance! I'm crying internally now +# Overview + +This megathread is to address the specifics and FAQs regarding the recent student debt relief announcement. This post will be updated as more information becomes available, but for the most recent official announcements you can visit [studentaid.gov](https://studentaid.gov/debt-relief-announcement/) for more details. There is also ongoing discussion in the r/StudentLoans [megathread](https://www.reddit.com/r/StudentLoans/comments/wwhr85/megathread_biden_forgiveness_announcement/), big thanks to them for staying on top of things as the news changes. + +**Please keep in mind that political discussions and soapboxing are still not allowed here. This thread is for questions from people with student loans and how these changes may affect their finances.** + +# Student Loan Repayment Pause Extended + +The CARES Act in 2020 suspended federally-held student loan payments and interest charges until September 30, 2020. This was extended through several executive orders in 2020-2022. Repayments were supposed to resume September 1, 2022. With this announcement the pause has been extended until January 1, 2023. + +# Student Loan Forgiveness + +Federally-held student loans through the Dept of Education (DoEd) are eligible for a forgiveness amount dependent on your income. **Student loans had to have been disbursed prior to July 1, 2022**, noted in [this NYT article](https://www.nytimes.com/2022/08/24/business/biden-student-loan-forgiveness.html). + +For single and MFS filers, the income limit is $125,000. For HoH and MFJ filers, the income limit is $250,000. This income limit is based on your [adjusted gross income](https://www.nytimes.com/2022/08/24/business/biden-student-loan-forgiveness.html) (AGI) which can be found on line 11 of your tax return (Form 1040). If you are below the AGI limit for either 2020 or 2021 you will be eligible. + +If you are under the income limits you are eligible for up to $10,000 in forgiveness. If you had a Pell Grant you are eligible for an additional $10,000 in forgiveness, for a total of $20,000. If you're not sure if you ever received a Pell Grant, you can check your account on studentaid.gov. Forgiveness is applied on an individual basis (parent and student are treated separately in relation to Parent Plus loans, if one has a Pell Grant the other does not get the benefit, though this is not 100% confirmed). + +Eligible loans are all loans held by the DoEd. This includes all direct loans such as direct Stafford loans, direct subsidized and unsubsidized loans, and Parent Plus loans. Privately held FFEL loans are currently not eligible, though it sounds like the DoEd is looking into options for getting these loans eligible for forgiveness and suggests that if you do no wish to consolidate then to await further info on this ([NYT](https://archive.ph/heoCM)). + +## Expected Timeline and How Forgiveness Will Apply to Your Loans + + If the DoEd has your income information from the last two years from FAFSA or IDR applications then forgiveness should be automatic. Otherwise, a simple application will be available through the DoEd website in early October. We will update this post with a link when it is available. Once you've applied, your application should be processed within 4-6 weeks. The DoEd recommends applying before Nov 15, 2022 to ensure your application is processed by Jan 1, 2022 when payments resume. [The DoEd](https://studentaid.gov/debt-relief-announcement/) will continue to process applications after this date though as they come in. + +This forgiveness will be directly applied to your debt balance, it will not be given to you via a check or deposit to your bank account. Nor will you receive a refund if you owe less than what you’re fully eligible for. + +After the forgiveness is applied, if you still have a balance it will be re-amortized which should result in a lower monthly payment. + +**Sept 5 Update**: The studentaid.gov [website FAQs](https://studentaid.gov/debt-relief-announcement/one-time-cancellation) have been updated with guidance on how forgiveness will be applied to a borrower with multiple types of loans and interest rates. In order of priority: + + - **Loan type priority**: + - Defaulted DoEd loans + - Defaulted DoEd FFEL loans + - Direct and DoEd FFEL loans + - DoEd Perkins loans + + - **Interest rate/program type priority:** + - Highest interest rate first + - If same rate, then applied to unsubsidized before subsidized + - If interest rate and subsidy are the same, then apply to most recent loans + - If interest rate, subsidy, and timing are all the same then apply it to loans with the lowest balances + +**Beware of scam texts, emails, and calls from people claiming you need to “act now” to get your student loans forgiven.** + +##FAQs + +* **I just finished paying off my student loans. Is there anything I can do to get some sort of forgiveness?** + + Any student loan payments made during the payment pause that started in March 2020 for loans held by the DoEd can be refunded, this was established with the CARES Act. The refunded amount is added back to your loan balance. [The DoEd application](https://studentaid.gov/debt-relief-announcement/) to provide income information for forgiveness will be open until Dec 31, 2023, so if your refund is delayed in processing you could wait to fill out the application. + + We're not sure how it will work for people that the DoEd already has income info for and applies the forgiveness prior to your refund finishing processing. + + You'll also need to keep in mind any tax implications of doing this if you're requesting a refund for an amount paid in 2021 that you took the student loan interest deduction for on your 2021 tax return. We're still looking for information on how this is handled. + +* **I refinanced my loans and they’re now held privately. Am I eligible for forgiveness?** + + No, private student loans are not eligible for this forgiveness. + +* **Will there be tax consequences for this forgiveness?** + + No, this forgiveness will not be taxable income for federal income tax. State income taxes may apply. + +* **Do I need to do anything to receive this forgiveness if I’m eligible?** + + If the DoEd has your income information from the last two years from FAFSA or IDR applications then it should be automatic. Otherwise, a simple application will be available through the DoEd website in early October. We will update this post with a link when it is available. Once you've applied your application should be processed within 4-6 weeks. The DoEd recommends applying before Nov 15, 2022 to ensure your application is processed by Jan 1, 2022 when payments resume. [The DoEd](https://studentaid.gov/debt-relief-announcement/) will continue to process applications after this date though as they come in. + +* **If my parents took out Parent Plus loans for me but I also have my own student loans, do we each qualify for $10,000 in forgiveness or only one of us?** + + Yes, both the Parent Plus loan and your own federal student loan are each eligible for $10,000 in forgiveness. The parent is a separate borrower from the child. Regardless of the number of children the parent has or if the child had Pell grants, only the parent's information is considered for their forgiveness amount. + +* **If I am still in school or was a tax dependent for 2020 and 2021, who's income is considered for determining eligibility, mine or my parent's?** + + [This NYT article](https://archive.ph/heoCM) suggests it's based on the definition of dependent from the DoEd, rather than tax dependent. Visit [this page from the DoEd](https://studentaid.gov/apply-for-aid/fafsa/filling-out/dependency) for guidance on determining if you're considered a dependent or not. We do not believe this info has been confirmed from an official source yet though. + +* **If I received only $5,000 in Pell Grants, do I still quality for the full additional $10,000 (for a total of $20,000) in forgiveness?** + + Yes It doesn’t matter how much in Pell Grants you had, you get the additional $10,000 in forgiveness if you received any amount of Pell Grant, and it can apply to any federal loans (undergraduate or graduate), regardless of when you received the Pell Grant. + +* **How will this forgiveness affect my credit score?** + + If it completely pays off your student loans and that account closes, you will likely see a small decrease in your credit score due to your average age of accounts decreasing. Over time this will rise to have a positive effect on your score. See the wiki page on [credit scores](https://www.reddit.com/r/personalfinance/wiki/fico) for more info. + +# Public Service Loan Forgiveness + +In October 2021, a PSLF waiver was announced by the DoEd with temporary changes to the PSLF program that are set to expire Oct 31, 2022. This waiver provided people with more eligible payments to reach the 120 payment requirement for 10 years such as including periods of forbearances like COVID or if you were in active military status. + +**The deadline to apply for PSLF with the waiver in effect is Oct 31, 2022. So if you are considering this then visit [this link](https://www.whitehouse.gov/publicserviceloanforgiveness/) for more info and to apply.** + +# Income-Driven Repayment + +The White House has proposed new rules for the IDR program. This is still just a proposal and has not yet been confirmed by the DoEd. + +* Currently repayments are based on 10% of income. This would be halved to 5%. **This only applies to undergraduate loans, not graduate loans.** + + * If you have both undergraduate and graduate loans, the IDR percent will be a weighted average of the balances. + +* Non-discretionary income is currently dependent on the current federal poverty line (FPL) for your state and family size multiplied by 1.5. This is being proposed to change to 225% of the federal poverty line. + +* The DoEd is proposing to cover the interest payment for loan repayments on IDR so that the loan balance does not grow over time, even in months when your repayment amount is $0. + +* If your loan balance is less than $12,000, you’re eligible for forgiveness after 10 years, rather than waiting for the full 20 years. +FIRE has been on my mind lately, and I was curious if there are any particular part-time gigs that some of you have picked up for the benefits and some side cash, while still maintaining your dignity (while I respect all jobs, I would probably like to avoid retail in most cases, even though many retail focused companies do happen to offer great benefits with part-time work…). +I wanted to see what others had experienced in the same situation. + +My wife and I are high earners and don't qualify for a subsidy from the insurance marketplace. We are both healthy, mid-30s. Our existing insurance was fine for us (7,000 deductible in a healthcare system thats dominant in our area and HSA eligible). We had a baby a couple of months back so our situation has changed (we added him to our current insurance). + +We got a notice that our OON benefits will be disappearing, premiums and deductibles will be rising. This is our first experience with shopping for insurance with a baby. For those with babies, what have you all found to be most cost-effective to look for in new insurance plans or is there a metal level I should be focused on while shopping? + +Thank you in advance +I’m part owner of a company that designs, builds and sells physical products to both hobbyists and small businesses. We are D2C e-commerce and sell all of our products direct from our website (no third party distribution). + +Since we started up around 5 years ago we have achieved fairy impressive growth. 75% lifetime CAGR…adjusted EBITDA of 7M in 2021…projected EBITDA of 9.5M for 2022. + +We already decided long ago that we want to sell the company and felt like mid to end 2022 would be the perfect time based on the timing of some new product releases. But now that we are here we feel like there’s a chance we will end up selling for a steep discount based on everything going on. Although our products are value based, odds are that we won’t get through a recession unscathed. + +Our investment banker continues to assure us that PE multiples are still healthy, but I take what they say with a grain of salt. I can’t help but feel that multiples are going to fall off a cliff. + +The reason I am posting is I would love to hear from folks in the IB and PE world about where they think private equity is going in the next 6 months. Are multiples starting to fall off? Should we consider waiting? + +Thanks! +Investors who buy at Foreclosure auctions - how do you find/research your properties? Are there websites, newsletters or apps you prefer? What tool or service would you like to have that would help you? + +Edit: This is research. I'm not buying or intending to buy. I'm on the sell side for an organization. +For those of you that own rental property would you share advice about how you grew your portfolio? What path did you take (single family to duplex to 4 plex to apartment, etc)? At what rate did you add units? Now that you have grown your portfolio looking back what would you have done differently? Thanks. +I just bought a duplex with 3 bedrooms 1.5 bath on each side. It's dated with wood panel walls, etc. I just refinished the wood floors, they're great. Solid building over all, just a little dated. + +A big old building across the street is being sold by the town to a developer to create over 30 "high end" apartments, reportedly mostly 2 bedrooms. + +What should I be thinking right now? Is this going to make my life easier or harder? +All, + +I want to hear from both sides on which model is superior. Which method brings in better returns? Which method is safer long term? What gets us retired earlier? + +I'm a rookie investor under contract on my second long term hold. My wife and I are getting ready to start our first fix and flip or fix and hold as well. I keep seeing these AirBNB gurus pop up and the numbers look crazy. + +Is it as easy as LTR's? Can I get a property manager to run the place for me? How hard is it to furnish the place and is it worth the reward? +My stepbrother has always been a bit of a tit. He's obsessed with money and doesn't really care how he earns it - he has previously sold drugs (even to his own sister, good grief why can't we choose our family!) and now he seems to have embarked on something else... + +He says that he has his own investment platform and talks about getting his friends and co-workers to invest in his platform, then he makes money via foreign currency and crypto currency, but refuses to go into further detail with me or other family members, who so far have turned a blind eye to it all. + +Can anyone identify this sort of system? Is this a known scam? + +I know it's vague, I just hate the idea that he could be getting into major shit. It's the idea that he's taking other people's money (although god knows why anyone would give it to him!) that makes me worry about what could happen. +EDIT: The interview everyone is getting jacked over is from 4 months ago!: +[https://youtu.be/RfjHTLCYFpM](https://youtu.be/RfjHTLCYFpM) + +It appears not all of you watched the full interview but rather latched on to a portion of cherry picked clips. This is evident in the fact that the 13min clip [here](https://www.reddit.com/r/Superstonk/comments/yhamlk/ortexs_evan_niu_on_gamestop_and_short_selling/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) has 4k upvotes, compared to the 7k+ upvotes on a 90sec clip. Before I go further, I am a January 21 Ape, you can see my post history, I am not shilling for Ortex, I am just challenging you all to see the forest through the trees. + +If you actually watch the full clip, you can see that Ortex Guy is fully aware of the absurdity of the reasons behind stock borrowing. Again *stock borrowing* not shorting. A lot of the comments and memes I've seen surfacing to today echo "hEy OrTex gUY, there's no reason to short", he wasn't even talking about that, come on apes, listen and observe before you start getting on the pitchfork bandwagon. + +At no point during the interview does he justify short selling. From the vantage point we are given it appears that he is completely cooperative in discussing the concept of Ortex data, forecasting a short squeeze and how the data justifies such action. + +This community is so quick to demonize people that it doesn't even check itself before prepping the stake to burn someone. Take a step back, a lot of us here are looking foolish attacking, photoshopping and degrading someone who has agreed to be publicly questioned while the echo chamber isn't even listening, paying attention to, or comprehending what the fuck that person is saying. + +TL;DR + +Y'all cherry picked and proceeded to misinterpret something Ortex Guy said in order to justify your prosecution of him. I'm personally fucking embarrassed. +I came up with a list of about 25 different stocks, which based on my research should allow a payout to occur every week throughout the year. I plan on having each one to DRIP and slowly build up the portfolio. The main issue I have is the upfront cash I have would only allow me to buy one of each of these stocks ($3000). Would this be a good strategy to start? I hoped to put $200 a month towards whatever stock had the best purchase price to continue growing my portfolio. + +Thank you, sorry for my bad English. + +Edit- my list https://imgur.com/a/JCm8wLx + +Sorry didn't list breakdown of week / month +After Altria’s drop today I think it’s an attractive add for any dividend pf. I sold atm may 45 puts today for $1.5 hoping to get assigned with a cost basis of $43.5 and an 8% effective div. +Long time lurker of this sub. Just a little bit of a background... + +I come from a working class family where not one intermediate family member has gone to college. Upon graduation from High School, I was pressured by my parents to not attend college and to pursue a blue-collar job just like my brother and sister. They believed that I would do just fine with just a decent job and didn't like the risk I was taking with college. + +I told them I didn't want a decent job. Now... I am aware that you can get a good job without a degree but that's besides the point. My parents were unable to help with any financial contribution to my tuition and I absolutely refused to take out any loans because of the financial burden it would have on my future after graduation. + +In order to make this work, I ended up commuting to my college for my first 2 years. My 3rd year I lived in a 2 bedroom apartment on the edge of campus and this year (final year) I live in a 3 bedroom apartment on the edge of campus. + +Commuting obviously saved me a ton of money because of the rent aspect so my parents did end up helping me there. + +I ended up working about 30 hours a week since the start of my freshman year of college until recently where I picked up a 2nd job upping my hours to around 50 hours a week. Note that this was maintaining a full-time schedule with school. Tuition was about 4.5k per semester and I took a few summer classes which ranged from 1-3k per summer for 3 summers. + +During this recent Summer (2015), I pursued two study abroad programs through my University. I ended up applying for a large amount of scholarships to help out for this which cut the cost down to about 1/3. Before the trip...my junker of a car broke down and it wasn't worth getting it fixed so I bought a newer ish car for around 11k out of pocket. + +I lived sort of frugally throughout these last 4 years to be able to accomplish all of this and I consistently applied for scholarships throughout all 4 years as well. Scholarships took about half of the cost down for my tuition expenses. + +TL;DR - Worked my ass off, applied for scholarships, kicked my college tuition's ass. + +EDIT 1: Addressing some questions and concerns from the comments... I double major in Entrepreneurship and Marketing. I currently go to an in-state University. With my job that I had through all of college, I was able to do a lot of my emailing and research on slow days and I took a 1-2 online classes along with classes on campus. My 2nd job that I picked up for my senior year was a bouncer job (security) at a local college bar where the hours were 3rd shift so it cut into my sleep schedule but it gave me a secondary source of income. + +EDIT 2: I just turned 22 as well. Some people are questioning my field of study as well as the University I currently attend because it wasn't expensive and prestigious. I have job offers lined up and am working with a job coach that is guiding me to phenomenal employers. For the spring of 2016, I landed an unpaid internship at a federal level in a nearby location. They are working me a minimum of 18hours per week which cuts heavily into my current workload and time. I know I am taking a huge risk with the "unpaid' factor and my time but this will make my resume look very strong. + +EDIT 3: The feedback here is overwhelming and I wish I can show you guys how much I appreciate the positive comments. I have been following this sub reddit now for quite awhile now and every story or piece of advice submitted on this sub has helped me and is helpful to others. Again, thank you so much for the positive feedback! Happy holidays! +Canadian trucker convoy raised over $4.5m but all of that was frozen by GoFundMe. + +https://vancouver.citynews.ca/2022/01/25/canada-trucker-convoy-gofundme-frozen/ + +Centralised payment rails can easily be censored by governments. Using them is literally asking to get de-platformed. Not just this time around, GoFundMe has a history of freezing users funds for a number of reasons. Its just similar to PayPal where you have to jump through hoops just to access the funds sent for your cause. They may not overtly admit it, but a company like GoFundMe must be under a lot of pressure by governments to freeze funds that are meant for anti-government protestors. + +If crypto is too volatile for them, they can use decentralised stablecoins to raise funds. Something like DAI can be most useful in this scenario - it cannot be frozen, and can be easily exchanged for fiat. Protests are completely legal in most jurisdictions and these protestors have said they will be using the funds for fuel, food and lodgings in taking part in the convoy - all of which is legal. With a crypto credit card, they can spend their DAI or any other coin for all their activities. + +Why they dont prefer using crypto payment rails over GoFundMe is bewildering. Maybe crypto platforms need more awareness. +How much liability insurance do you carry? How do you determine how much to carry at different times of your life/income. + +I’m talking about liability insurance mostly, but I’m also interested in what life insurance people carry. +Or better yet, do you? + +I used to keep the pen that I used to sign all my RE closings. But stopped this after several closings and I eventually lost them all. Except for the dried-up ball point pen from Closing #1 +You think this move will mark the bottom from here?If **the** best value-investor in the world is buying Canadian energy, it's probably going to get value funds interested? +CBC Article: [https://www.cbc.ca/news/business/berkshire-hathaway-warren-buffet-suncor-canada-1.5020386](https://www.cbc.ca/news/business/berkshire-hathaway-warren-buffet-suncor-canada-1.5020386) +One of the few oil companies that hasn't slashed their dividend and reiterated today that it will pay June's dividend as well. + +https://ca.finance.yahoo.com/news/canadian-natural-resources-swings-to-13-b-loss-abandons-guidance-142404711.html + +Aside from losing almost $1Billion last quarter, the company says it has $5B of cash and liquid assets on hand. + +I see a lot of mis-informed comments on here claiming no company can make money off the oilsands for under $30/bbl so I wanted to share their most recent operating costs per barrel. + + +**CNRL said that it has reduced its operating costs to about $10.20 USD per barrel for their liquids.** *I am assuming this means this is close to their company average operating cost for all products except natural gas.* + +More specifically: + +* Thermal In-Situ Operating Cost: $8.19 USD/bbl +* Oil Sands Mines: $15.43 USD/bbl + +The full earnings press release is here: +https://www.cnrl.com/upload/media_element/1290/03/0507-q120-front-end.pdf +This question has bothered me for days. If, on average, returns are greater than the rate of inflation, why do investors so commonly end up with significant losses or net-zero returns? + +Is it a matter of perception? Is it that the average investor actually *does* have a positive RoI, but I'm more likely to hear about those who lose? +Anyone else think fidelity is taking forever to let us do the proxy vote because they know the shitstorm that will fly when people find out how many shares apes on there alone? For the past few weeks the buy order to sell order ratio has been overwhelmingly in favor of buying. I bet apes own more than the float on fidelity alone. +Real talk. I think I'll have issues walking away from the money when I've hit my target FI number. Not sure if I will actually be able to retire early especially if my peers are working. I'll probably have the mentality that every paycheck from that point on can be fully spent and I can buy as many things related to my hobbies as I want. Part time is more likely in the cards for me. Anyone else in this boat? +http://www.wallstreetoasis.com/forums/on-the-job-with-simple-as%E2%80%A6-my-research-process + +As you guys probably know, I'm a firm believer in the fact that a person won't be able to successfully pick stocks without doing exhaustively thorough research. A lot of people have asked what that looks like, and this is the best write up I've ever seen on the subject, with a fantastic list of resources throughout. I think everyone that picks individual stocks should read this. +Me(24M)and my girlfriend(23F)live together and we both work full time and we pay for everything ourselves. We have been struggling financially lately, especially with the insane inflation that’s been ongoing, but her brother(30M) and his fiancé(30F) keep asking us for money. My girlfriend feels bad because they have 2 kids so she gives in but it’s frustrating because we are already so tight on money and I have even been donating my plasma every week to help give us some more breathing room. + +They both work full time jobs too and I feel bad that they are struggling too and having to raise 2 kids but we have to look after ourselves too. I told my girlfriend to just say we can’t afford it or ignore their requests for money but she is a sucker because of the kids. They both drink pretty heavily too so I feel like we are just funding their drinking habits and not actually helping their childrenn. +The hype about the furry little digipets is surely nice. But I can't even withdraw ether from etherdelta. I've tried 1, 4, 10, 15 and 20 Gwei by now, and no tx went through. Even my breeding will have to wait for now. + +How much do I need to spend?! If it is anything close to a btc fee, I'll be depressed. + +EDIT: I mean am I the only one experiencing this? +this is getting absolutely out of hand, considering that there are already discovered exploits etc. + + +is this r/ethtrader or t/tankshiller?? + + +besides we dont need another network congestion.. + + +edit: also fishes +Can I punch you? + +Edit: For those who keep giving me their blessings of calling me a retard and and idiot, I am only out $26 from T(U)RD and this post was more for fun than anything. Thank you for your concern though. +So I found out my grandparents purchased 8 shares of Disney stock for me in 1992 and 16 shares in 1998 and then completely forgot about them. They were put in my parents name. We found the actual stock certificates after going through some old boxes. Apparently in 2016 the state I live in (Virginia) sold the stock as there are some laws that say(I'm terribly paraphrasing as I don't understand this at all) if nothing was done with the stock and it was deemed inactive, ownership of the stock is given to the state of the last known residence of the original owner. We called the state office and they told us to fill out a bunch of paperwork and submit it to the state to see what can be done about recouping some of the funds from the sale. + +Sorry if this is not the right place for this post or if it doesn't make sense lol I'm just trying to find some answers. Some friends of mine mentioned that with the Disney stock splits back in the 90s those 24 shares could have turned into a decent amount of cash. I appreciate any insight you all could provide! + +Edit: I'm looking at them now. The 8 shares bought in 1992 were purchased in December of that year so post split and the 16 shares purchased in 1998 were purchased on July 9th of that year. So would that mean the 8 from 1992 would have turned into 24 in 1998 and the 16 bought in 1998 look like they missed the split by like 3 weeks (lol god dammit) for a total of 40 shares in 2016 when the state sold them? +I'm at a loss here and I'm worried that my identity may have been stolen. The letter I received states that I owe the IRS money on a tax credit that was completely legitimate. As far as I'm aware, the IRS doesn't display your full social security number on letters. The number on the letter I received is 1-800-829-8310 which links to several articles and forums that it's a scam. + +&#x200B; + +I have tried calling the actual IRS number several times today but haven't been able to get a real person on the phone. + +&#x200B; + +When I go to my IRS profile at [irs.gov](https://irs.gov), it says that I owe the IRS nothing as of today. + +&#x200B; + +I am extremely worried that my identity may have been stolen. + +&#x200B; + +Any advice? + +&#x200B; + +Edit: Come to find out that the number is legit. Thanks for the help everyone. I have proove that I did my taxes correctly, so I'm hoping it's just a mistake on their part. It just doesn't make sense to me that the amount doesn't show up on my IRS profile, and the letter says that I already owe interest when this is literally the first notice that I've received. Wish me luck. + +Edit 2: Once again, thanks everyone for the input. I was finally able to ahold of the IRS. They said that the issue has to do with the education tax credit that students receive when they pay for school themselves (either via out of pocket or a loan). For some reason, the IRS thought I claimed the credit when I received a grant or a scholarship. I’m not sure why they thought this, but I just have to send them my 1098-T form to show that I didn’t receive a grant or scholarship. +If someone is successful scalping options and stocks during the day, I would imagine that your account size can grow quickly. Then you can simply do the same thing with larger size — exponential growth. But then clearly there is a limit? + +What is that limit and how do you think about it? + + +[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 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: + +# [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 + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***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.nytimes.com/2018/08/16/business/elon-musk-interview-tesla.html?action=Click&contentCollection=BreakingNews&contentID=67503504&pgtype=Homepage + +The nyt writer must owed him a favorite. +I'm somewhat new to trading, but with a decent amount of experience also. I see people managing to profit huge amounts despite using such small accounts. For example I read about one trader making $90 in a day off of a $300 account. What exactly am I missing that people are able to profit so much in a day from very small accounts? Any ideas/help would be appreciated! +Until I jumped aboard this GME journey, I had generally lost faith in humanity. In an ever increasingly polarised world I became more and more disillusioned with our relationship with each other as people. This sub has changed things. Forever. I now know that all over the world that people can come together, irrespective of creed, colour, culture, language or religion, smooth or wrinkled to do what’s right to stop what’s wrong. + +Thank you all. +I've given up on identifying trends on individual stocks, and for the past few months I have exclusively played SPY and have done well. + +Anyone here also does this? Any tips and tricks or strategies? +I'm concerned about the speculation around 7:41. Sure this has lead to us learning about some interesting rules on the books re: liquidation, and we've found an interesting NFT company- that is *now claiming* that they aim to serve esports. + +My point? +This is all speculation and what-ifs based off a Twitter timestamp. NOTHING MORE. + +But our long titties are completely jacked, and we are using them to probe EVERY rabbit hole without considering that sometimes predators use these burrows to ambush unsuspecting prey. + +So if we follow our confirmation bias to a party that is completely unrelated to both GME or Citadel, that thinks they may be able to take advantage of our titties, why would you ever expect them to not release some unofficial, vague bullshit on Twitter that is designed to mislead apes into thinking they are going to merge and become GMEs NFT branch? + +If Ryan Cohen has a company in mind let ***him say it.*** Clearly and out loud. + +The only hype we have to spare is for GME and RC. There is zero room here for hyping ANY other companies without rock solid confirmation that there's something in the works. + + +**Edit:** + +Questions that should be asked + +How long has the GDA capital website been registered? And to whom? + +When did the "Ape-friendly" statement about wealth transfer show up on their site? + +When did they start pandering to Apes with pictures of the moon? + +^ Were these before or after our "apes" found their website? + +How long have they been in the business of facilitating Esports? + +What do we know about Michael Gord and his connections? + +To me without a ROCK-titty-jacking-solid unencrypted official announcement from RC about a real connection, this obvious pandering to Ape interests should be regarded with EXTREME SUSPICION. + +In science we create a hypothesis and then we do our DAMNDEST to DISPROVE it. If it still floats after we've tried to poke a bunch of holes in it, only THEN do we start calling it a theory. + +So let's use our jacked titties to poke some holes! + +I suspect whatever the answers are to these questions, they will deserve their own post- I look forward to seeing what the community can find! +If you were to reevaluate your holdings at this point in time. What %'s would you split them into, how much are you going to use for trading, and how much are you cashing out (if any at all)? +Hello, + +I live in Colorado and decided to take the plunge. I found a cheap home (relatively) for 380k (2bd, 1000SqFt) and beat four other offers to get it. That being said it’s a home moved in to its location in 1910, with very low ceilings and a lot of quirks, like uneven floors and other problems. + +It’s in Downtown which I just love and you can walk to all types of local gems. The location is everything on this place. + +Anyways, I was able to get it rented at much higher than expected but still my cap rate is only about 4%. + +But here’s my plan, as written in the lease, I’m going to use a HELOC and build a brand new 750SqFt ADU (accessory dwelling unit). The size is maxed out according to what the city allows. + +I’m going to build this thing so it looks like a nice ranch, accessible from the alleyway. It will cost about 175k and will certainly rent for $1750. + +So my math shoots my cap rate up from 4% to 10%. This way I can sit on it for ten years and then rip down the other home or sell the property. + +Does anyone else have experience doing this? I’m a little concerned about my tenants hating my guts once construction begins but oh well. +Here's a fun story for you guys. I met with a potential buyer of one of my properties. He was hispanic and his daughter was translating for him. I was selling a small little 2 bedroom that needed a lot of work and I had it listed FSBO online for 35K. He came, walked through, talked to his wife and daugher in Spanish and then directed her to ask me one little question. "What is the least you will take?" I totally blew it but I didn't know it until after I relented. + +Now I know this house needs a lot of work, but I bought it for 22K total out of pocket and I have only owned it for about 3 weeks so I have some wiggle room. Not wanting to lose the buyer I immediately say, "Well, I think it's priced right...blah blah blah....I know it needs a lot of work...blah blah blah....I would be willing to take 33K." When she tells him his eyes immediately light up and he says, "Bien!" It was at that moment that I knew he would have paid 35K but he was just willing to ask for a better price, and I folded and gave it to him. + +I pride myself on my negotiating skills and I usually come out on top, but yesterday that old Mexican out-negotiated me and saved 2K in the process! Lesson of the story? Never be afraid to ask for a lower price. You just might get it! + +edit: And the first thing I thought was, "I *have* to tell r/realestateinvesting about this!" +I’m sure this has been asked and answered but I can’t find it anywhere. This sub is filled with posts where relatively young people claim financial independence while single or in a DINK relationship. I’m curious about what’s happened as any of you have had families. Or if others like me are chasing FI with an expanding family. + +Some specifics about me: + +* I’m 41 and in a single income home while the kids are too young for school. My wife will return to some form of work once we aren’t living in daily insanity. +* My kids are 2, 3, and the third (last) is due in a few months +* Our single income is about $375k/yr +* We live in a HCOL area but have only a mortgage we are ruthlessly paying down. Currently just over $300k +* Barring any major catastrophe, we should be FI in 4 years +* I love my work and don’t plan to walk away from it unless it gets too stressful or there’s a drastic reduction in my pay + +I don’t want to wind up being “you’ll understand when you have kids” guy, but I’m just very curious about people who have claimed FI early in life and expected to travel the world only to suddenly realize having a family and added responsibilities changes things. Also this sub seems to have a lot of dudes, and I’d love to hear the female perspective on this. + +EDIT: Wow, there's been so much feedback it's almost hard to keep up! I wanted to add a few things to address some of the common questions I've seen. + +1- My job: I'm a Sr Development Manager at an enterprise software company. My pay is a mix of base, bonus, and stock. Pay like this fluctuates and is not guaranteed year over year. When I decided to have kids, I changed the course of my career to be able to work from home. My wife first tried to take a year sabbatical, and has since decided to stay home until our kids are in school. + I'm extremely grateful for what I have and try to be very generous while also working towards my goals. Thank you to those who understand that in a truly HCOL area having a $200k/year household income means you're just getting by. + +2- I asked for a female perspective because in my experience women tend to analyze thousands of little factors I would never consider when it comes to kids and put them all together in what they might call "mother's intuition." I've tried to be analytical about the cost of kids and I'm constantly surprised at how wrong I can be. + +3- Seven short years ago my wife and I were DINKs living in a small 1BR condo and making \~$75k/year. We drove a 20 year old car and followed MMM style frugality while trying to save for a house, pay for our wedding, and pay down our $120k+ in combined college loans. We quickly realized this would be a difficult life to lead with one or more children in the mix, which is why I'm asking how others handled this. +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! +## [April 2022 - Cost of Living Crisis - Megathread](https://old.reddit.com/r/UKPersonalFinance/comments/tk8e8g/april_2022_cost_of_living_crisis/) + +____ + +*While the political rule is slightly relaxed for the budget, any unnecessary or unhelpful comments will be removed.* + +____ + +### 23rd March 2022 + +#### **Highlights** + +- Income Tax + - By 2024, basic rate of income tax will be cut to 19% (from 20%). + +- Increase NICs threshold this year by £3000 - from July (£12,570) + - Equalises NI and Income Tax thresholds + +- Fuel duty cut by 5p from 6pm 23rd March +____ + +#### Details + +- £9bn plan to for energy price cap +- Immediate measures + - Motorists: Fuel duty cut by 5p per litre + - Until March 2023 - from 6pm tonight + - Energy Saving Material - VAT relief and eligibility (was already at 5% before the cut) + - 0% VAT - solar panels, heat pumps for next 5 years (energy efficiency measures) + - Excludes NI + - Household support fund + - 500m new funding + - Local authorities to receive from April + +- Government debt and borrowing may continue to rise due to crisis in Ukraine + +- Tax plan + - NHS & Social Care + - Long term funding plan + - Health & Care levy stays + - Increase NICs threshold this year by £3000 - from July (£12,570) + - Equalises NI and Income Tax thresholds + - Business Tax Cuts + - Investments & innovation (TBC later this year, after Summer) + - Reform R&D tax credits to reduce productivity gap + - Tax cuts for businesses TBC + - Small businesses: business rates discounts + - Employment allowance rises to £5,000 from April (for small businesses) +Let me preface by saying I know next to nothing about economics and how the job market works. But this question has been bothering me in the back of my head...ever since early summer, when we heard that the increase of jobs in May was only because of the survey people hired *temporarily* to do this year's US census. Is creating construction work not just a temporary bandaid? I'd appreciate any explanations, thanks in advance! + If I could have told my self something, it would be this slightly modified quote from both Dave Ramsey and Will Smith. + +***"Don't spend money that you don't have, on things you don't need, to impress people you don't care about.”*** + +What do you wish you could have told your younger self and had followed through with? +Like many, we are sitting on the sidelines trying to decipher whether this is the right time to enter into the property market for a medium term home to hold. We started looking at homes casually before the rises, and now here we are. There's opinions flying left, right and centre, so we are a bit boggled. + +Assuming stable financials, and borrowing within one's means, and no great rush - is there any particular reason someone with more savvy than us WOULD or WOULD NOT engage in a first home purchase at present? + +Sydney market, if it's makes a difference. Appreciate any input. +**UPDATE: Several people has mentioned that they are seeing 549 OI on other platforms. I can confirm, through** [**www.maximum-pain.com**](https://www.maximum-pain.com) I see the same with 0 volume today. The volumes at all strikes is very different so I don't know how we can decide which is the truth. Hopefully DFV will come out with some good news soon. + +&#x200B; + +https://preview.redd.it/g1c4qeg5ors61.png?width=1662&format=png&auto=webp&s=9cd7997c5e1b0c302cde8dfc22f370263bf5b9c8 + +Hi Fellow Apes! + +It looks like u/deepfuckingvalue has exercised his calls today!!! + +A reminder, he has 500 $12 calls expiring on April 16 (see his pic below) + +&#x200B; + +https://preview.redd.it/cium1ug8frs61.png?width=2842&format=png&auto=webp&s=bc0e04cecb90ae172b822d4900341a8d85846072 + +Now let's look take a look at the call options for as of today! + +You can see that **1100 in volume at $12 strike** with **zero open interest! 0 OI means that there are no outstanding options to be exercised**, therefore **500 of those 1100 must be DFV!** + +&#x200B; + +https://preview.redd.it/ifpqtiyyers61.png?width=688&format=png&auto=webp&s=97e631cda47997daceec6d661535295a75a1c52e + +Let's hope he gives us an update later today!!! 🚀🚀🚀🚀 +With the end of Q1 2021 I wanted to share how much I made in Q1 2021 (don’t laugh) and my goal for Q4 2021. + +So in Q1 2021 I earned $1.57 and I know that it takes time and I’m all in in dividend investing but I still don’t know if I should smile or cry. But in all fairness I invested most of my money in February and March and in Q2 2021 I should make at least $10-15. + +My goal is to reach $100 in Q4 2021. Just in Q4, not counting Q1-Q3. + +Do you think that I can reach it? + +EDIT: Forgot to mention that my portfolio is currently around $950 but I almost $100 in stocks which paused their dividends in 2020 +I’m a growth investor switching over to dividends. I really like PG and JnJ and MO plus KO. Would it be better to buy those or put the money in an ETF? Thank you! +I’ve been buying puts or calls using Support/resistance and RSI for my entries/exits. I’ve had some success this last 30 days doing this. I’ve made 3 to 5 trades per day over the last 30 days using my own account - no margin. Like I said I’ve had some success but I’m just curious to hear from other traders about what I’m doing. Thanks for your comment contributions in advance +I know this is a FIRE sub but; + +I've read a lot on this thread about how people invest enough to take from their interest and not from their principle, which is a no brainer once you make \~30x your yearly burn rate (when you can essentially re). While on the journey to that figure, what was the composition of work? What did you do/ are you doing? Entrepreneur/ business owner? Serial entrepreneur? High paying salaried job? Once you reach a milestone did you diversify? ie make enough to try real estate on weekends without diverging from your fire rate too much in hopes of a faster ror than investing. Did you focus on one thing? Apps? Bitcoin(lol)? Something local or global? something simple like a woodworking operation or something more complex? Passion projects? or hard slog for more than fair compensation? Did you try a million times before something worked? Did you hit on something early on? Did you experience phases/ steps of improvement or was it an incremental slope upwards? Any advice from how you got/ are getting where you want to be? + +Edit; It's been a few days since I posted this and I've had fairly good engagement from this community. I've lurked a while but this has been my first reddit post, so thank you for being so responsive and welcoming. This is obviously a community of intelligent ambitious people, it's supprising how much easier to find those are on the internet as opposed to irl. Glad I could stimulate some interesting conversation, it's incredibly useful for me, hopefully for others, hope it continues! +I currently am a single guy in my mid-twenties and work in IT from home. Trying to figure out a good place to move to now that I'm starting down the FI path. The only restriction I have is that I need to be within 30 miles of an airport. +UPDATE: 3.5 hours after launch look at this insane chart. [https://imgur.com/BQkd5Sm](https://imgur.com/BQkd5Sm) + +No one is selling. Bingus is gonna stick around. + +**Long post, the Saga of Bingus. TL;DR The first Bingus died because an honest mistake, it’s been revived and launched about 15 minutes ago by an extremely committed community and has a very bright future.** + +Two days ago I posted what I believed to be an extremely solid project for once, Bingus. ([LINK](https://www.reddit.com/r/CryptoMoonShots/comments/mhak3i/bingus_token_a_new_kitty_has_arrived_i_thought/)). A cat token with meme and charity potential especially after the grumpy disaster. As I always am in my reddit posts I was open and honest about the coin. + +It was very promising. The community was wholesome and we grew, very quickly over 24 hours. I truly believed I had found the next Grumpy, without copyright issues and without baggage. The wholesome dev had launched this as a fun little project, had seen their little coin quickly becoming much much more. It was really amazing to watch. Price floor after price floor were found it we we’re growing fast. Charties started to be looked into to begin donations. + +Then the unthinkable happened. The contract that Bingus Dev had used had a mint function in it. They had cloned a bad contract for their passion project. A user on 4chan noticed and I noticed the dev immediately. They were crushed, they didn’t know it was there and hadn’t minted a single new coin. We discussed possible solutions but the only one that made sense was to tell the community immediately. The sell off had already begun from the news on 4chan and the TG deserved to know. So the dev did the right thing and told them immediately. + +Then the sell off really went wild. Since I had provided most of the 2BNB+ liquidity for the coin (the dev didn’t launch this with much as it was a passion project for them) it had become about 13 BNB during the pump. At the peak my total investment of 4 BNB (Liquidity and coins) was 25. I told the chat I’d hold for the next few hours and let them cash out. I had made the reddit post, I had shilled and recommended the coin, I would go down with the ship. And I did. + +In the end I lost about 2BNB. But something insane and wonderful happened. The community stuck around. About 90% of the people stuck around and wanted to relaunch the coin. So I reached out to a Dev friend of mine that I’m working on a larger long term project with. They volunteered to create a new clean contract for Bingus and help provide liquidity for launch. I decided to throw in some of the last of my own BNB to do the same, and other from the community did as well. An actual community relaunch. + +Bingus 1.0 was a very simple BSC contract. Now the coin has a 1% burn, a 1% reflect to all holders, and an 1% automatic charity wallet feature that is to be donated to animal shelters that accept BTC. + +Bingus 2.0 has just launched, about 30 minutes ago. Its been a crazy ride the past week, and the community is more committed than ever. We will be getting an audit done shortly to give as much confidence in the project as possible. I can say without question that this is a solid project now. It took a whole lot of work to get to this point, but I absolutely place my reputation on the line with this one. + +Hope to see you in the TG. + +Obviously Coingecko and Coin Market Cap have already been applied for. + +**Where to buy:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +🌎**Website** (work in process, new custom one coming later): + +[http://bingus.finance/](http://bingus.finance/) + +🌎**Telegram**: + +[https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +**Chart**: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Twitter**: [https://twitter.com/BingusToken?s=09](https://twitter.com/BingusToken?s=09) + +**BSC SCAN**: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +The Dev also INSISTS we put this following into any posts about Bingus. They are all about keeping a clean conscience, luckily I totally agree with them. That's why I am holding this for the foreseeable future. + +I would not promote anything I would not put my own money into! But, please always DYOR! I am a stranger on the internet, however, I wish to build credibility with the community. I am willing to doxx myself soon if that’s something the community is interested in. I would love to build a community to help donate to animal shelters because that is what is truly important to me. REMEMBER - Don’t buy crypto with the money you need for something else. Pay your medical bills, your rent, maybe buy a friend a coffee, whatever, before you buy crypto. +Oil demand probably hit a secular peak last year and, thanks to #EV's, now is in secular "decline". + +From her tweet on 2020 07-15 (not sure I can post tweets on here? I'll do it on reply) + + +"EV's" was the biggest sham in 2020-2021. Yes they are coming, no oil will be never be taken over when disaster strikes as we are seeing unfold or demand is high. +if you wondering why we going downside its because they are using all the tools they have to push this price as much as they can because of HUUUGE amount of opinions OTM equivalent to 50mln shares. Ortex data shows that the borrow what they can to push it hard, + + +https://preview.redd.it/a2tcfrpccgc81.png?width=1732&format=png&auto=webp&s=1efc71e89ae396689168726cf5bf25194b4709fd + +Utlization of 85% 13mln shares on loan. + + +Today they also almost empty the ETF from shares and borrow another 100k + + +https://preview.redd.it/23yosx2lcgc81.png?width=1106&format=png&auto=webp&s=b1748e2170f39940aa071b8d64936d836bcbfdc6 + +&#x200B; + +https://preview.redd.it/xlftujrocgc81.png?width=1731&format=png&auto=webp&s=2f7a61838c91442e88262950f9b76fb6044abf91 + + +4 days. We need to push it for 4days, Hard days. but we will make it. HODL +I'll try to keep this as brief as possible. Current NW 4M and I never thought I would ever be at this point in my 30s when I grew up on food stamps. + +I own 3 businesses .1 is highly volatile so I'm investing heavily into real estate to hedge because I wanted something more stable I'm currently buying around 20 homes a year and I use the value add method so simplifying of course I buy at 50% value and then do 10-15% rehab and cash out refi at 75% so I have 25% equity but almost none of my capital in the deals after 6 months. Typical deal is 100k pp and 30k rehab then 150k cashout. Plus I only had to give 10% down to acquire property so all in for 15k with closing costs. I also do some deals at 400k pp and 100k rehab then cash out at 525k. + +I always hear from everyone around me that I work too much as in 60-80 hours a week is typical for me. I really have no vacation and even when I do a small 3 day trip somewhere I'm still on the phone and computer for a few hours everyday working. I'm always getting some call about something with 50 employees overall and close to 90 sfh I own there is always something going on even though most of it is asinine and trivial. + +I just find it hard to slow down it's probably due to my competitive nature and I compete against myself always trying to outdo myself year over year. I want to purchase 30 homes this year in the 150k to 300k range. I have 6 closings this month so it's a great start. + +My safety nets include low 7 figures in cash in the bank mostly for peace of mind and market correction . I'm aware I can place the money somewhere else but I don't want to deal with losing money during a correction when I want to pull it out and getting loans is soo much easier when you have healthy savings in your business checking. It's also very powerful to make an offer on a home and show 7 figures for proof of funds it helps me win the vast majority of my offers. I also have 15m in life insurance to cover my real estate debt in case of an early death . + +Has anyone been in a similar position where your basically addicted to the work itself and I take pleasure in acquiring more assets every month. I want to open a car wash or some other business later this year but I don't really have a lot of time as it is. I'm in my early 30s and just having so much and faaaar beyond my wildest dreams . I used to dream of having 5 homes when I was 18 and thought that I would be "the man" . My goals keep getting bigger everytime I hit my old goal and my new goal is 10m net worth and I tell myself then I can slow down or retire. + +Thanks for reading and appreciate any responses from like minded individuals. +I was going through my old things and saw I got a 6% return on my 5 year CD's back in the 1990s and early 2000s. With that type of return why bother with the stock market and it's crazy ups and downs, especially after financial independence and retirement? + +IF CD's started to pay 6% again and inflation was moderate would you pull out of the crazy stock market? (Maybe even 4-5% CD rates would be good enough, who knows.) +There's been a lot of helpful posts in here lately and that shit needs to stop right fucking now. + +I posted a ELI5 post on my first day here and you know what the first comment & top rated comment was? "GTFO and never come back." + +2 months later I took a 22K loss from $LULU aka my first real trade because I had grand thoughts of "Can't go tits up" with no concept of IV crush. My dick grew 2 inches from that loss bringing the total length to 4 inches. + +Don't tell them "DoNt TrAdE oPtIoNs If YoU dOnT kNoW wHaT yOu'Re DoInG", don't send them helpful links, and stop with all these thought out fundamentals. Stonks only go up except when you the buy the dip and that's the only fundamental that matters. We're going to have to start handing out free vaccines if you fuckers keep this shit up. GUH! +Hello, I'm new to the reddit thing and this will be my first post, but loving the resources to pull on here and have read many people's stories. + +I've been in my job for 8 years now and I enjoy what I do, and genuinely like where I'm at and most of the people I work with, the last 7 as a supervisor at a small company (~30-35 employees). In my yearly review in 2018, I did some salary research and found the the market for my position supported a salary of about 17% higher than where I was at, and I mentioned this during my annual review. My manager seemed not very prepared for that number and said they would need to do some research and get back to me. They gave a 3% bump in pay 'to hold me over', and scheduled a followup for 6 months out, with me to focus on a couple new tasks and the obligatory 'things to work on' which were quite trivial, as if they had to spend more time on trying to find flaws in my work rather than researching a fair salary for me. + +6 months goes by with no mention of anything. I realize I should have also followed up with my manager, however, as we know, things happen and you get busy, or complacent. I think I actually thought to myself that " oh well, they determined I wasn't getting the raise I asked for, but would have been nice to still have a sit-down about it." + +Fast forward to next review time, manager sends me review documents to complete and turn in, which I do within 1-2 days. Nothing ever gets scheduled. I talk to HR lady about it, no followup, and then she was let go. That defaulted the HR position to? yup, my boss. no 2019 review. + +Fast forward another year, it's a pandemic. My company lays off everyone except supervisors that they've asked to stay on. So now I'm frantically doing the work of 3-5 other people along with mine, while they make more than me on unemployment at home. This means my 40hr week turns into 45-50 every week for about 14 months(no overtime pay). After being vocal about how I can't do the job of 3-5 people, because pandemic or not, no part of my job has slowed down, the rest of the team is eventually rehired, and I'm still putting in 45-50hrs a week. Anyways, pandemic = worst time ever to ask for a raise. Knowing the answer would be no, I didn't ask. No raise for 2020. + +Fast forward - it's April 2021, and I'm scheduling reviews for the small team of people I supervise. I go over my notes with my manager letting them know my plans about who gets raises, how much, what they need to work on, etc., while also mentioning that it's been 3 years since I've had a review and I would like to schedule mine. A week or so later, I complete my team's reviews and go over feedback with manager, and again, no sign/mention of my review coming. + +June 2021 - Do salary research and find that my salary is near the bottom 10% (I had pulled averages for low, median, and higher wages from 9 online salary calculators/estimators like indeed, payscale, salary.com, monster, glassdoor, etc.) of people with jobs similar to mine. Average for my position, education (bachelors), and experience (8yrs), supports a median salary of ~29% more than I currently make. (Remembering this is 3 years after it being 17% higher than my pay.) I believe I do a much better than average job, as I am skilled at what I do (maybe not top 90%, but better than average, which has been mentioned/supported in previous reviews.) +I ask my boss for a meeting to review my compensation, it gets scheduled. I complete review documents highlighting the accomplishments over the last 3 years, and genuinely think I've been killing it, and have no reason not to think that, because if I was shitting the bed, I would have expected to have been pulled aside and addressed. + +Meeting day - my manager starts out with the foot on the gas and proceeds to basically kick me in the balls for 2 straight hours and I can barely get a word in without rudely interrupting. None of the achievements I listed were mentioned, and instead it was all mainly focused on perceived flaws in my team management. But I'll have it noted, one of my team suddenly retired 2 weeks ago and their exit interview(completed by my boss) had a great review of me, as well as I'm the only one to have had someone on my team do well enough to be promoted to a different department as a supervisor, not only once, but twice in the last 3 years. So clearly I'm doing something decent? +I'm shocked at this meeting, definitely did not go the way I was planning. But I gather myself, complete the day, and go home and talk things over with the wife for another viewpoint and a great support system. I write down as much as I can remember to address the next day. Since I was blindsided, I was not prepared to respond to a lot of the things mentioned, even if I had the opportunity to respond to anything during this ball-kicking session. +I had an unrelated meeting scheduled the next day, and once that topic was completed, I asked to go over a few things from the previous day, and to my manager's credit, they listened the whole time, and apologized multiple times for how it all went down and it seemed genuine, truly. I have another meeting in one week, in which I believe there will be talk about the actual raise, which the manager initially hinted they were initially thinking only 5%. Unsure if the second meeting will have an impact, but I do believe i made my boss realize how shitty they have been treating me. However, the attack the day before is one I'll never forget, as I don't think anyone should be treated that way. I equate it to getting so mad at a significant other that you slip and call them one of the big swear words. You can apologize all you want, but it happened and they'll always remember it. + +What could/should I have done to have a better outcome here? + + +I will update after the meeting in a week if people are interested in updates. + +Edit: they tried a lowball 14% raise, i explained how disappointing that was and afterwards they came back with a 25% increase. Probably not enough to keep me, but the job search doesn't have to be frantic. i can take my time to find something that i might really enjoy. +If future generations are priced out of home ownership do these future generations simply rent housing from realestate businesses or property owning dynasties? Could subdivision allow future generations to own a sliver of land, perhaps splitting land 4 or more ways? Large groups of people could band together to purchase a standard Australian home. It sounds bleak but interesting to think about, land does not grow on trees. + +I'm curious. +Just called the international GameStop hotline, the gent on the phone was unaware of any $30 email, however he suggested reissuing the letter from one of the UK offices, would be sent out tomorrow and would maybe even receive it by the end of the week. No cost whatsoever! LFG UK!!!! 🚀🚀🚀🚀🚀🚀 + ++800 38233823 is the number you need! + +Edit: added some proof for the doubters https://www.reddit.com/r/Superstonk/comments/r9buii/you_can_now_call_computershare_internationally/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Edit2: $30 for pin emailed to you, pm me and I'll link the post +I retired a year ago after becoming financially independent. The retirement was due mostly to inheritance from my father, but also from my own frugality and saving over 50% of my salary. I'm not quite lean FIRE, but I'm not living large either. + +Financially things have been fine. Last year the market was very nice, and my retirement accounts are up 6.2% despite having paid all of my bills for the entire year. I have a 70/30 stock/bond ratio with a variety of index funds (including broad indexes and international indexes) and a variety of bond funds. 5% out of the 70% is invested in a precious metals fund. There's also a generous emergency fund and 2 year CD chain. That's my main retirement account. My IRA and 401K are not alligned with that, but I'm putting off rebalancing those until next year. I rebalance the main account every three months. + +I started out with a 3% withdrawl rate last year. But in a year of dealing with my own issues, I have become rather disturbed with the amount of self-hate I have. I began to see that my frugality is partly a way to punish myself, and I wanted to try to be nice to myself. With my 2018 budget I bumped it up to a 3.5% withdrawl rate. I find I have trouble spending the money. My frugality is also partly a realization that things will not make me happy (except maybe my motorcycle). But I am saving the "fun" money that I don't spend, and few times I've gone over budget on fun and had to pull from the savings. And maybe I'll travel more than I expected. + +When I shifted up from 3% to 3.5% the question came to mind, "When am I going to shift down?" Now, the 3% and 3.5% are based on my initial balance at the start of retirement. If you look at my withdrawls compared to my current balance, the rate is 3.29%. The plan I came up with is that if my withdrawl rate based on my current balance ever gets up to 4%, I will adjust my budget based on my evaluation of my situation at that time. Maybe it's something that looks to be short term, and I can just soldier on through. Or maybe it's something that looks like a long term recession, and I will scale back my spending. There was a thought experiment on r/preppers about what you would do if you lost your job for six months. I wasn't worried because I have a six month emergency fund, but it made me think about how I could cut my budget. I think worst case I could get it down to 1.5%. It wouldn't be fun, but I could do it. + +I had one big expense that was not planned for. The water heaters in my condo building have reached the end of their expected working life, and several have failed. Not wanting to pay for flooding my downstairs neighbor's unit, I replaced the water heater for $3,600. Previous repairs had only been a couple hundred a year, so I hadn't planned on this. Some of it came out of my emergency fund (which I paid back in a month of diverting other savings), and some of it came from my "insurance" savings. I figure that extended warranties are a scam if you can afford the repair or replacement. But I always ask how much they are. Then I put that much into a savings account, along with a small monthly amount equivalent to renter's insurance. It looks like I may have another one coming. I know an estate lawyer, and said he'd help me put together a will. But he's been dragging his feet about it all year, so I think I'm just going to pay someone to do it. I don't know what that will run, but I may just sell some extra stock to pay for it rather than fudging budget categories. + +I think I'm still trying to figure out retirement. I have a tendency to push myself to be productive, but I push myself too hard and stress myself out. Nothing that I expect is unique, but there it is. So I'm not one of these people who has no idea what to do with themselves in retirement. I'm one of those people who has too many ideas about what to do with themselves in retirement. I'm trying to find a balance between working on the projects I am interested in and just taking it easy. That balance is elusive. + +The projects I am working on include a large programming project that I've been fiddling with on and off for years. I've managed about 11,600 lines of code in the past year on that. When I first posted that I had FIREd, I mention an interest in charity work. Soon after that I went to a Quaker gathering that had a panel discussion on the school to prison pipeline. I did some more reading and became totally dumbfounded at how messed up and racist our criminal justice system is in the U.S. I am now volunteering with a charitable organization lobbying for criminal justice reform at the state level (the federal level is dead due to the insane power a few people have in our so-called democracy). I am also working more on my Zen practice. I finally found a local teacher in my tradition, and I am at the Zendo at least twice a week, some of it working towards a Jukai ceremony at the end of the year. Finally, I am working on exercising more. After having to watch my father's decline in his old age I am trying to be healthier so I can enjoy my retirement long term. + +In terms of chilling out, I was sick for a month. I had a massive allergy attack, followed by a screw up with my long term medication, followed by another massive allergy attack. During the second attack there were four days where I got no more than an hour of sleep at a time because I was coughing so bad. It certainly was not fun being sick, but it was really nice to just be able to take a month and deal with it, and not worry about my job or much of anything else. I just did the bare minimum I needed to do, and if I had any energy left over I did want I wanted to do, and spent the rest of the time trying to take it easy so I could heal. + +The biggest thing I've noticed in retirement was my [suicidal tendencies](https://www.youtube.com/watch?v=LoF_a0-7xVQ). I have had long term depression since I was a little kid and tried to kill myself at age 10. When I was working at my old job, I was having suicidal ideation every week or two, and serious planning every three months or so. At one point I was eating so little I collapsed after walking up a couple flights of stairs. Due to my history with depression (I actually passed out from not eating once in high school, too) I just convinced myself it was normal for me. A month after I quit my job I was like, "OMG, I haven't thought of killing myself once since I left work!" My depression is still there, but it's been like crawling out of a sewer pipe into a cool rain on a warm summer's day. And not being distracted by work has given me more time to be with my depression, to understand it better, and to deal with it more effectively. + +So here I am and there I go, and I look forward to finding out where I will turn up next. + +Edit: I'm don't need therapy. I'm doing fine without it, in fact I'm doing better since I stopped therapy and started doing Zen. Don't worry about it. +Theoretically, can an investor outperform an efficient market by concentrating their portfolios on stocks which increase their intrinsic values at a greater rate, compared to all business in that efficient market? + + + +Edit: I think my question can be better explained by an example: + +Lets for an instance assume that each and every stock is efficiently priced (Market price = Intrinsic Value). +I select a portfolio of only 4 stocks (with equal weightage). All of them grow their intrinsic values by 30% every year for 5 years (this can be due to expanding existing product lines, adding new ones or doing value adding acquisitions) +While all the businesses in the market, on average, grow their intrinsic values by 15% every year. + +Would this not mean that despite market being efficient, buying and concentrating on better businesses, I can outperform the market? + +I am not looking to debate on whether market is efficient or not , the debate is whether I can beat a perfectly efficient market (completely hypothetical) with the above mentioned example. +Intel has been struggling for a while as the news shows us, especially when compared to AMD's growth. But AMD's P/E is over 38 and Intel is a just 12 compared to that. Intel is far lower than the industry and S&P average right now. + +However in terms of revenue, Intel is a 9X compared to AMD. In terms of net profits of 2020 intel is 10X almost of AMD. The two companies have very different business models with Intel producing and managing its own production and hence high net profit margins, whereas AMD outsourcing this to Taiwan. With Intel's new CEO many new promises seem to be made. What do you all think on this stock? +Hi r/ValueInvesting, + +in the cash position of balance sheet of banks, is there a proportion of cash that actually belongs to the bank, for example earnings from the previous year? + +I was looking at Credit Suisse Q4 2021 earnings and saw a net tangible earnings per share value of 15.89 CHF at the end of 2021, which was calculated by the company in deducing goodwill and other intagible assets from the retained earnings. Does this mean that the whole cash position of the bank is in its retained earnings? If it is, does it finance leases etc. out of retained earnings? + +Sorry if this is kind of a stupid question. + +Greetings, Nils +Any recommendations on free websites that provide the ability to analyze stocks from a value perspective? I know there is a lot of premium paid services. In particular looking for the discounted free cash flow model that generates data after you put in the ticker and adjust for future profit margin, PE, the margin of safety ect to get an estimated value. +I recently watched a video that estimated the liquidation value of a company (GIGM) to be much more than it's current market cap. This makes it look like an attractive value play and the creator of the video did mention "liquidation" specifically. The important thing to note is that the company is not turning a profit. + +The question is: What gives investors confidence to invest in potential takeover candidates like this? If the company in question is way undervalued but is losing money, they need to get liquidated before the losses eventually just cause the company to die, right? For example, you buy the stock at it's current undervalued price, but the company just keeps losing money, doesn't get bought, and shuts down. + +Edit: Spelling - does -> doesn't +Hi + +Does anyone here track their personal net worth? I've been doing it for 3 years now and I think it really helps to give you an overview of your financial health. Let me know what you think. + +[https://www.youtube.com/watch?v=nuMPC\_wwVZA](https://www.youtube.com/watch?v=nuMPC_wwVZA) +Hi guys, + +Over the past year I have been learning value investing and feel I am somewhat ready to begin putting my money in. I already know that when screening for stock picks, you look for a low P/E or EV/EBIDTA relative to the industry as a starting point, but is there anything else ye include to make the search process more efficient? + +Thanks :) +Intel has been struggling for a while as the news shows us, especially when compared to AMD's growth. But AMD's P/E is over 38 and Intel is a just 12 compared to that. Intel is far lower than the industry and S&P average right now. + +However in terms of revenue, Intel is a 9X compared to AMD. In terms of net profits of 2020 intel is 10X almost of AMD. The two companies have very different business models with Intel producing and managing its own production and hence high net profit margins, whereas AMD outsourcing this to Taiwan. With Intel's new CEO many new promises seem to be made. What do you all think on this stock? +I get it all stocks should be valued using DCF based on its expected future cash flows. + +But I am not clear on two fronts: + +(1) What does it mean by future cash flows? Absolute increase in cash position (minus debt interest, etc.) or just the net cash received from operations? + +(2) Should I assume the company continues to eternity? If not, the liquidation value of the company should be accounted for? +Hey everyone, it's been a year since my wife and I moved into our first home and I wanted to post the numbers for what we incurred with expenses throughout the year in the hopes of giving others some insight into things to look out for when buying a house. Some of these expenses weren't expected to happen so quickly but we were lucky enough to saved for a rainy day. This is our first home, and it was a foreclosure that we picked up from a bank that had been fixed up. The only thing we knew about the previous owners was that they liked a variety of drugs more than they liked their mortgage payment. The owners before that also had problems with drugs, our neighbors have been able to give us this information on the previous owners. That doesn't mean much aside from knowing that they weren't people who likely spent a lot of money/time keeping the house in good shape. + +I rounded all of the expenses up/down to the nearest dollar. You'll notice some things weren't really necessary and were more geared towards things we wanted (looking at you Nest doorbell). I included them in the list to help others with the little things that come up along the way that might not be anticipated. These items are bold. + +We were able to put 20% down and avoided PMI, the house was purchased for $115,000 with a 30 year fixed rate at 4%. We are in the process of refinancing to a 15 year at 2.5%; it is costing us $1,500 to do that refinance and isn't included in these numbers. + + + + +Name| Cost | Notes +---|---|---- +Roof | $6,675.00 | Our inspector told us the roof was fine when we closed on the house, our insurance provider said to get it replaced for them to cover the house +Air Conditioner | $3,500.00 | Central Air +Couch | $1,780.00 | +Cement pathway between house and garage | $1,500.00 | Previously a decorative pathway that was in shambles +Fridge | $1,000.00 | +New Side garage door + New screen door for side of house + installation | $928.00 | +Cement | $800.00 | City required the sidewalk to be fixed before we could move in +Lights | $740.00 | The previous lights were moldy and had electrical issues from misuse +Stove | $600.00 | +Air Ducts Cleaned | $550.00 | We heard this was a good idea prior to moving in +Plumber | $550.00 | Leaky pipe in the basement that led to the outdoor faucet +Lawn Mower | $410.00 | +Toilet | $361.00 | Previous toilet was leaking +Dryer Hookup | $350.00 | +Garage Door Motor | $350.00 | The garage door motor failed shortly after we moved in +Ceiling Fans | $200.00 | +**Safe** | $200.00 | +**Fence Paint** | $200.00 | +**Nest doorbell** | $200.00 | +Inside House paint | $200.00 | +Office Chair | $190.00 | +Tree Stump Removal | $180.00 | A tree was beside the house and it's roots/branches were going to quickly become a problem +Vacuum | $170.00 | +**Thermostat** | $169.00 | +**Mini fridge** | $160.00 | +Modem | $160.00 | +Electrical Breaker | $150.00 | +Spider Exterminator | $150.00 | +Curtains | $150.00 | +**Camera for house** | $120.00 | +Leaf blower | $99.00 | +**Garden Soil** | $90.00 | +Trimmer | $80.00 | +Wood for Fence | $80.00 | +**Electronic door lock** | $50.00 | +**Plants** | $50.00 | +Garden Hose | $50.00 | +**Door Locks** | $40.00 | +Broken Window | $40.00 | This was required to be fixed by the city within 90 days of moving in +Vanity | $40.00 | +Window Screen | $35.00 | +Light bulbs | $32.00 | +Misc Yard Supplies(weed killer/dirt, etc) | $30.00 | +Top Soil | $20.00 | +Garage Door opener/re-programmed | $16.00 | +Gutter drains | $16.00 | +**Total** | **$23,461.00** | + +Edit, Location is Detroit, Michigan. 1,200 sqft. + + +Edit 2: This post has gotten a bit of exposure and I wanted to add some info to help clear things up for new home owners. + +* Plan for the bad things (e.g have an emergency fund) +* Get a first/second/third quote on things to fix, especially large ticket items +* Things like AC/central air aren’t needed for some people, in my case a window AC unit could have sufficed if I wanted it to +* Knowledge of home maintenance can save thousands of dollars; not being good with plumbing, electrical work, pouring cement, etc cost me a lot +* Foreclosures can cost more than a newer house, any house can have unforeseen issues, buy a house you can afford +* If you have old stuff that works then keep and use it, new stuff always costs more than you might want to spend + + +This list is just a list of things that we purchased; it's pretty easy to spot the things that could have been put off for a little bit (not everyone would need a couch that cost what we got). Also, I really am jealous of those people who have the skill-set and time to do things themselves or are in a situation to not worry about buying cheaper houses. A decade ago I was in financial trouble and felt like I would never find a way out. I’ve since made the decision to never be a slave to debt and outside of this house I pay for everything without financing. It’s been a struggle, there were times I thought about giving up and succumbing to the tougher lifestyle, but I didn’t. It’s possible to dig yourself out of those holes. I appreciate all of the thoughtful comments and for those that have asked the tough questions. +I was hoping someone could help me out, I am currently in the process of buying a house and have a deposit for £16,000. + + +I have provided it seems an endless amount of statements for my deposit which the solicitor is happy with however my Grandmother had gifted me £6,000, which she had in cash. She cant find the statements for these as like all of the older generation they have money hidden in a sock under the bed. + + +Is there anyway I can use the gifted money without the source? Any advice is really helpful +After being on here for the past year, it seems the community thinks of $MSFT as a no brainer. Though, when you look under the hood and how it is currently priced, I'd have to say that it may be one I'd stay away from. + +&#x200B; + +I work in the SaaS industry, and I can confidently say that all of our most transformative clients all choose AWS over Azure. Azure is viewed more as a legacy infrastructure, one that configures easily with .NET applications. Almost as if the "safe" option rather than one that can transform how a company looks at its infrastructure. The reason I bring this up is because it demonstrates the loyalty factor with Azure vs AWS: people go to AWS because they believe in the vision of being "best in class". People go to Azure as a cost efficient, safe bet. + +&#x200B; + +Which do you think is stickier? + +&#x200B; + +And, if you look at $MSFT's history, besides their operating system, they have copied an existing a competitive solution/product and brought it to market to gain market share. (Bing, Zune, Xbox, Surface, Microsoft phone.., etc) This is not a company that prides itself on innovation, but rather a company that won the OS battle early and, arguably through predatory actions, maintained it through the rise of the internet. This caused them to be sticky within the tech scene for years and so have utilized their high margins to stay afloat by copying transformative tech. + +&#x200B; + +Enough with sentiment, here are the biggest fundamentals that scare me: + +PEG: 2.02 + +PE: 30.17 + +Dividend Payout Ratio: 39.11% (Way too high for competitive tech industry) + +Azure's Market Share: 16% (AWS: 33%) + +&#x200B; + +(TL;DR) So all in all, you get an objectively overvalued, 2nd rate company that pays out nearly 40% of it's earnings in dividends, which holds it back from fully re-investing into future tech revolutions. In tech, I truly believe in investing in best in breed, and there is virtually no vertical where MSFT is the best in breed. +Breaking news that will be announced either today or later this week, but Elliott Wilke (Chief Growth Officer) will be stepping down. The former Amazonian who joined the company earlier last year is set to announce his departure. You heard it here first on Superstonk. Whether it’s his choice or was forced is still to be determined. However this “Trust Me Bro” News break has been confirmed. Seems as if the Chewy folks are slowly getting rid of the Amazonian influence. Which, for better or worse, could point that the company is going “all-in” on its Web3 push versus focusing on its retail business. + +More details to follow, however, I am sure that there will be multiple MSM outlets reporting on this issue soon. My assumption is that we will get a SEC filling after hours. + +- Ape News Network + + +(Adding more text in case that this is short of the 250 character limi. Don’t want the auto mod to prevent this News from breaking early. Text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text) +I had accumulated money in my savings account since I was 17 (I'm 20 now), but its fluctuated (adding money, taking some out, etc) but I managed to keep a good amount in there. + +I didn't get paid by my job last week (which is another problem on its own that I'm going to take care of), which has left me dangerously short on money. This week I was hit with a WAVE of finances I needed to pay and it's resulted in me draining my savings account. This is the first time I've felt financially unstable and I'm freaked out. I have $35 to my name to last me until Friday. + +I'm going to build up my savings again but I want to be wiser and do it better. How can I be smart about my savings account and make ABSOLUTELY SURE I will never have to experience this again? + + + +EDIT: Thank you all SO much for your wisdom. I still feel like garbage, but I know I will do better next time thanks to all of you ⚘ +> Key Points + +> - Investors shouldn't stay on the sidelines in the 2020 market, Ray Dalio said on Tuesday, because "cash is trash." + +> - The billionaire investor thinks "there's still a lot of money in cash," saying that "everybody is missing out, so everybody wants to get in." + +>- Dalio doesn't think there will be a recession this year and he said investors should look beyond the 2020 U.S. presidential election. + +[CNBC](https://www.cnbc.com/amp/2020/01/21/ray-dalio-at-davos-cash-is-trash-as-everybody-wants-in-on-the-2020-market.html) +Hi all, I am (23f). Lately I’ve been really hyper focusing on my money situation, I know it may not be the worst, but I feel trapped and limited, and saddened by my reality. + +I make £24k a year (£1,573 pcm). I moved out of my parents home a year ago because they moved away and I didn’t want to go with him. This has obviously changed my life in terms of finance. + +My bills currently are: +Rent £650 +Phone bill £79 +Spotify, Netflix £17 +Gym: £35 +Travel: £50 +Food £80 +Savings £300 +After all bills, I am left with £361. + +This amount personally makes me feel very scared, as I live in London and I have a social life which is crucial to my mental health. I have a boyfriend of one year who I’m serious with, I have saved £4,000 and he is saving too (he lives at home). + +I guess I’m just wondering how I can cut down to have more play money. I wish I didn’t feel the need to go out with friends but as I said it’s important to me to have fun and be social. I know I could delete Netflix etc but that’s only £17 added…. My phone bill is tied into a contract also. I’m thinking of maybe renting a smaller room somewhere for £500 to give me an extra £150. + +I know this is probably normal for most. But it does not feel enough to me. How do I accept life like this now? Getting older really does suck. + +Thanks for reading. +You missed a stock, rally, or put chance? It's ok. It'll come back, at a better price too. + +What if it doesn't? It's ok. There are other stocks, other opportunities that will line up for you. + +Don't track every minute of the market. Don't read every single post claiming to have rocketed to the moon. Choose some solid stocks, make your own plan, and avoid the "yolo i am all in" approach. + +Personally, I see stock market as a supplement to my humble paycheck. I'd love to someday see it get to the moon of course, but so far my patient approach has kept me content. I take a few bites here and there, keep adding to my portfolio and occasionally sell too. I make mistakes too, but within my limits. And sometimes it sucks to see how little I make in comparison to the more sophisticated, rich players. But I am proud of all that I have so far, and everything I have, starting from scratch just a few years ago. + +Go watch some Seinfeld. You deserve it. + +&#x200B; + +Edit: Thanks for your positive messages, comment and awards! This is my 1st post here, glad I could connect. + + +Hello CryptoMoonshots! Let’s talk about Fox Finance $FOX 🦊🦊🦊! + +**What is it?** + +FOX is an auto-staking token on the Binance Smart Chain, which grants rewards for its holders. 6% to liquidity and 6% distributed to holders. Liquidity locked on a daily basis rolling for 4 years on Deeplock. io. 1T daily burn for the first 50 days. Additional regular burn of liquidity to try and keep as close as possible to 10% circulating supply. The burn address is also a "HODLer" so it gets a share of the 6% tax based on its stake which is currently about 4% - but this will grow exponentially. + +After a rocky week, we are finally starting to see some serious interest and growth - check out the chart on [Dex.guru](https://Dex.guru) and see what I'm talking about. 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +We have just teased a beta of our upcoming NFTs, which will start with HODL badges, and other memorabilia - but we have paired up with some amazing 3D and AI artists so watch this space! + +Tonight April 5th 8pm UTC will be an AMA on our Discord where the owner will reveal their identity and give us more info re. legal formation this week! He will also be sharing his vision to legitimize the BSC space and give back to the environment and wildlife. + +We’ve hosted multiple FOXES IN ACTION contests on Twitter, awarding prizes for people who perform actions like planting a tree or using metal straws instead of one-use plastic. We have several community members who donated to WildlifeAidUK, World Wildlife Fund and Saveafox for fox sponsorship donations. + +I'm a HOLDer since the start (around 2 weeks old now) and have volunteered as a forum mod on Telegram, which I have to say has been a pleasure and it's one of the most buzzy and active telegram communities I have had the pleasure of joining. + +Thanks u/SION42x for compiling below + +**SAFU?** +Liquidity is locked vis Deeplock. + +This is no pump and dump. The owner did not take advantage of the ATH, and the admins are all HODLing with everyone else. We really want to see this coin grow and to fund our tech roadmap to make this a real project for change. + +**ROADMAP PLANS** 📈 + +Here’s what’s on the horizon: + +**NFTs** \- We have two different types of NFTs planned at this time. One is a standard, mass-minted NFT that we hope to use for HODLers, airdrops, etc. These will likely include fun things like FOX graphics, GIFs, etc. The other type of NFT we want to push are more unique, and include things like 3D printable FOX content, and more collectible style FOX merch. I'm really excited about this one! Our NFT contract is deployed on Mainnet and congratulations Roy (waarismijnpost) for being the proud owner of our first public NFT! + +**Charity Matching and Escrow** \- This is important to us. It’s how we plan to get money to the organizations that need it for our mission. We’re working on escrow contracts and other possibilities for collecting FOX donations, possibly matched by liquidity from NFT sales. These donations are to be donated to charitable wildlife organizations, possibly through The Giving Block, a crypto donation provider. + +**Admin Dashboard** \- Right now things like Airdrops and prize disbursements aren't easy. It's mostly done manually with wallet to wallet transfers or interactions through the contract done by someone with credentials. The goal here is for us to have a dApp that combines contracts and web3 code to make it easy to do mass airdrops, awards, NFTs, etc. + +Website: FOXFINANCE . IO + +Telegram: Foxfinancebsc + +Twitter: foxfinancebsc + +How to Buy: Pancakeswap using contract address or via website + + +DYOR - this is a new project and remains fairly volatile. Don’t invest anything you can’t afford to lose. We have lost several whales since opening but a few large wallets remain - on the whole they are active and vocal in our discussions and seem well engaged. +Yeah, I posted about this topic last week. (By the way, thanks for all of that unexpected love on that post!) And I'll probably post about it again next week. Why? Because this is exactly what is going to mean the difference between "well off" and "filthy rich." + +Demand skyrockets, nobody is selling, price goes up, up, up and does not stop. Many or most of us know this. But knowing something and actually being mentally prepared for something are two different things. Doesn't matter if it's your first MMO raid, getting into a fist fight, having your first kid, whatever - if you can't temper yourself and keep that adrenaline in check, it's just going to make things more difficult. + +Let's face it, if someone came along RIGHT NOW and offered you $50k for each of your shares, you (or at least 99% of us) would at least have to take a minute to think about that. That's pretty damn significant. That's life-changing shit. That's exciting. But it's not the way. + +Why accept the new Toyota Camry when you can wait a little and get that Lambo? Why take that entry-level job when you still have an interview for an executive position scheduled? Why move into that little apartment when you can get a big house in the middle of 10 acres? Why make a life-ruining criminal just pay a fine when you can see him sent to prison? + +Run through this shit in your head. Play it out. Imagine those numbers skyrocketing, and imagine the dips as well. It's a lot of excitement and adrenaline. But remember: You don't get off the damn rollercoaster until it's back in the station, otherwise you are definitely going to have a bad time - and probably ruin a lot of other people's day as well. + +The best investors out there (a la Buffett) are very clear that the people who actually make the most money in the stonk game are the ones that invest and then just leave most of it alone. So please, expect the rushes of excitement, fear, uncertainty, happiness, and work on making yourself mellow and zen. It's gotten us all this far, and this is just the beginning. + +I'm just making this post in the hopes that people see it and remember it when things start to kick off. HOLD for you, HOLD for the rest of us, HOLD, HOLD, HOLD, and remember that your fellow apes will be doing the same! + +Not financial advice blah blah fuck Citadel. +Or is it advisor? I'm 66, CA state retired, 11k in 401k. SS and a pretty decent monthly pension plus full health. I need help with a budget. Saving. Investing. And insurance to help my 2 daughters (1 severely bipolar disabled) after I'm gone. I've spent a lifetime jumping from one nightmare drama to the next. Fleeing a violent marriage with my girls after 23 years with nose and teeth intact, losing my home to the recession, and dealing with my addict bipolar daughter. On top of it all, I'm a vet who has worked hard all her life. It is relevant because I have not learned to take care of my needs, of which I am woefully unable to articulate. I don't want to believe that it is too late, or "ship sailed." And I can't even imagine what a happy retirement would look like. If there is hope to get educated, confident, and financially in control going forward, could someone please kindly advise what professional I would look for? Charges? Fees? This is big for me but it's a start to take some happy back for myself. +Or is it advisor? I'm 66, CA state retired, 11k in 401k. SS and a pretty decent monthly pension plus full health. I need help with a budget. Saving. Investing. And insurance to help my 2 daughters (1 severely bipolar disabled) after I'm gone. I've spent a lifetime jumping from one nightmare drama to the next. Fleeing a violent marriage with my girls after 23 years with nose and teeth intact, losing my home to the recession, and dealing with my addict bipolar daughter. On top of it all, I'm a vet who has worked hard all her life. It is relevant because I have not learned to take care of my needs, of which I am woefully unable to articulate. I don't want to believe that it is too late, or "ship sailed." And I can't even imagine what a happy retirement would look like. If there is hope to get educated, confident, and financially in control going forward, could someone please kindly advise what professional I would look for? Charges? Fees? This is big for me but it's a start to take some happy back for myself. +Hi everyone, + +My girlfriend is set on buying a “new” car. She is on her third vehicle in a few years. She drives a 2018 Volvo SUV and she pays around $1000 with insurance per month on the car. She is trying to reduce her payments by selling the car and buying a used 2014 or earlier luxury car with over 75k miles on it. It would probably be some sort of SUV. This seems like financial suicide to me. How do I explain to her that this isn’t what fiscally responsible looks like? +1) 90 days notice, 30 days severance (job ends June 30th) ($93K salary) + +2) paid off all credit cards as of yesterday (debt free, first time in decades) + +3) wife and I each have $1400 in savings ($2800) + +I don't intend to stay unemployed, but rather to find another job as quickly as possible and even draw pay from two jobs simultaneously if I can manage it! +My wife works and makes in the low 20s. + +We're looking through the stuff we got from the financial advisor and it looks like she has $153K in a conservative retirement account (guaranteed 3%). And looks like $23K in an IRA of some sort. + +I have: + +Vanguard Target Retirement2025 $53K (4.5% return) + +T. Rowe Price Retirement 2025 $10K (5.6% return) + +TIAA $27K (1.1% return) + +My current short term goal is to amass the recommended 3 months salary in savings, calling it $20K. + +A financial adviser recommended I take my 2025 targeted accounts and move them to more radical accounts to compliment our more conservative investments. The TIAA one makes me cry, but it's like pulling teeth to transfer the money out of it. Should I pull teeth? + +How does this sound? Any suggestions for better ideas? + +Edit: updated this based on questions I got in the responses. +Hi everyone, + +My girlfriend is set on buying a “new” car. She is on her third vehicle in a few years. She drives a 2018 Volvo SUV and she pays around $1000 with insurance per month on the car. She is trying to reduce her payments by selling the car and buying a used 2014 or earlier luxury car with over 75k miles on it. It would probably be some sort of SUV. This seems like financial suicide to me. How do I explain to her that this isn’t what fiscally responsible looks like? +First-time poster here, looking for some advice. + +I'm 29, married to a guy who is in grad school, and we live with his parents in Southern California. Both of us make okay money but are in the process of trying to pay off substantial credit card debt and have virtually no savings after he spent a while unemployed. + +This past weekend, my mom told me that she will die this year of kidney failure most likely 3-9 months from now. Her donated kidney is failing and she doesn't want to go through dialysis or chemo because they're excruciating, expensive, and are only a temporary fix to a problem that will inevitable kill her. Obviously, I'm heartbroken and just want to do what's best for my mom but also am worried about my future financially. She told me that she will be going into hospice care probably in a month or so, depending on her health. I'm an only child, have no dad in the picture, and she has very few friends and no other family willing to help. She also lives in Oregon, so I will have to fly, maybe multiple times and take time off work which will be unpaid. + +She has told me that she has life insurance, which will pay $25,000. I expect to pay a lot of that for her cremation and memorial services. So, with that, here are my questions: + +I'm pretty sure there is no way my mom can pay for hospice care herself. Will those bills get passed on to me? + +Are there any kind of debts that get passed on to next of kin? I know my mom has student loans from a vocational school she went to a while back. Could I end up having to pay those? + +How soon after a person dies does life insurance pay the beneficiaries? + +Thank you. + +&#x200B; +What could I do to help me in the future financially things such as Investing, Credit/Debit cards, saving up money, insurance, debt, budgets, and paying for college. +Just in general things like what I’ve just listed that can help me in the future. +I got another scam call, and normally I block them, but I was feeling frisky and wanted to hear what they were trying. + +They said I had a $900 iphone purchase on my Amazon account, and to get it off I needed to download 'Remote Desktop' app. + +We all know that this allows them so much more access than just one bank account. + +Please tell loved ones that might fall for this scam. + +Next level BS. + +Edit: Yes I was wasting his time and enjoying it. It was obvious it was a scam from the beginning with his deep Indian voice from a call center. + +I asked him which account was charged, which card was used, where it was supposed to be shipped etc. This went on for a good 4-5 mins. Finally he got pissed and said, "if you get charged, don't come crying to me." and he hung up on me. I enjoyed playing with him, but thought who would actually download the app and lose so much. + +Thanks for the awards. Let's help each other. + +Hello Everyone, + +This is Sharad from [Invezta](http://invezta.com). + +Here to answer your questions on mutual funds, direct plans and Invezta http://imgur.com/RsuI4C5 + +My wife and I are planning to do a lump sum into Boglehead style investment (or kind of Dragon Portfolio) vehicle and keep investing little every month and forget for 20 years. What is the best way to go forward. + +\---------------------------------- + +Domestic: + +1. Nifty 50 - Nippon Nifty 50 BeES - 20% +2. Next 50 - Nippon Junior BeES - 20% +3. Midcap 150 - Motilal Oswal Nifty Midcap 150 Index - 10% + +Foreign + +1. S&P500 or NASDAQ 100 - Motilal Oswal S&P 500 Index mutual fund (or) MOst shares Nasdaq 100 ETF - 20% + +Debt + +1. Bharat Bond April 2033 - 10% or should I make it Nippon India Liquid BeES + +Real Estate + +1. Embassy Parks/Mindspace REIT - Don't know how to choose. - 10% + +Gold + +1. Gold ETF: Nippon India Gold BeES or Quantum Half gold ETF - 10% + +\-------------------------------------- + +So, I tried doing these ETFs on Small case, I found that they charge 2.5% of my money which is ridiculous. Does anyone completely understand what small case charges are? What are the one-time and recurring charges for a custom small case? + +Then I noticed that I had only NASDAQ 100 ETF, it feels like a sectarian bet and not a broad market index fund, so, I thought maybe MO S&P 500, as it is a mutual fund and doesn't have any hidden charges as it is not FOF. If I move to mutual funds, it is comfortable to buy in round figures and manage the monthly proportions, but I'm worried about higher TER. But, mutual funds have a easier SIP option. + +If I move back to ETFs in a demat account and compromise on S&P 500, I can manually buy all the ETFs as a Zerodha Bucket order but, it looks like I'd have to recalculate every month the proportions. I can probably automate it in Google Sheets (my most likely option now) + +\----------------- + +Is there a way I can automate most of the tasks and sleep peacefully for 20 years not worrying about SIP every month and only be able to rebalance year after year after some 5 years when I have a sizable corpus. I'll not most likely not sell anything for first 5 years for rebalancing. Which way should I go? Any changes in the portfolio selected recommended? +ESOP (Employee Stock Ownership Plan) s are quite common these days in almost all new job offers, especially in tech-companies. + +Some of us care, and some of us don't. ESOPs are a common tool in most startups these days, to make the package attractive to prospective new joinees, despite being short on liquid cash. + +Even established Indian as well as multi-nationals have some form of employee reward programs in the form of ESOPs. + +However, despite being so common, this isn't discussed as frequently on this sub, as much as, say MFs or insurance or stocks. + +There are some gap in knowledge, and this is my attempt to have a thread, where we can discuss about rules of ESOPs, personal anecdotes, dos and don'ts etc. - which can be referred later. + +Without getting into too much jargons, if you've read Zerodha Varsity module 1 (Introduction to Markets), then you probably have some idea about employee option pool. + +Personally, I've never worked anywhere, where I had meaningful employee stock grants, or that I cared. However, that was until about a year ago. + +There are companies that give fixed salary to all their employees and variable ESOP amounts to different employees based on their seniority, skills etc. Then there are companies, that only gives ESOPs when you're promoted (but no salary hike). + +Creativity with ESOPs is abundant and often heard of. + +There are a few terminologies, that could use some layman explanation: + +- *Vesting Period*: + + You won't get all your equity the day you join. Because then you could just take all that equity and resign next week! + + So you acquire / own them over a period. For most companies, this is typically 4 years. As you complete 1 year 25% of those promised equities _vest_, meaning, now available for purchase. And same for next 3 years. + + I've seen offer letters stating only first leg of vesting period is yearly, and after that, monthly vesting. And companies that offer monthly vesting schedule from the beginning of your employment. + + A common misconception is to think that vesting period getting over means you own that equity. In reality, unless otherwise specified, it just means you now have the choice to buy them. + + You might or might not want to buy those vested shares. But if you don't do anything to _exercise_ that right, then you don't own any of it. + +- _Exercise Price_: + + It's an agreed upon price, at which you're buying the vested units. This would be outlined in the equity grant letter, but might not be there in offer letter. Commonly, it's INR 1 (market price of equity on the day the company created its ESOP policy). Or, it's the fair market value on the day of your vesting period starting. + + It means as a loyal and dedicated part of the workforce, you get to own those vested shares while paying a lower than market price out of your pocket. + +- _Fair Market Value (FMV)_: + + This should be clear from its name, and it means exactly what it sounds like. Think of it the effective price at which an investor (angel / VC for private companies, stock price for public companies) would buy that share. + + +Let's see the process of how ESOPs typically work, from POV of an employee: + +- Amount in ESOPs (or percentage - can get diluted later) in offer letter. Say, you've a job offer of 10L and 2L in ESOPs. +- After you join, you'd be given your grant letter, outlining the vesting schedule, exercise price etc. Most likely, you'd also get an ESOP Direct login. + +- After you accept the grant, and generate the letter; you'll have option to exercise your right to purchase as and when units or shares become vested. + + +Every purchase is a taxable event. Since the FMV is higher than exercise price, you're effectively being paid by your employer the difference on those vested shares. + +This is taxed at source, at slab rate. + +Let's take some numbers to illustrate this. + +Say, your 2L in equity (ESOPs) now have 1000 units granted to you. Every year, 250 units get vested, starting from 1 year of your joining date. Assume Exercise Price to be 1 INR, and fair market value on your date of joining is (200000 / 1000) = 200 INR. + +Now, you work for a year, and fair market value remains almost same. Assume it's 201 INR a year later. Happens if you're working at a public MNC, and that year wasn't good for your sector. + +Then, your taxable income upon purchasing those 250 vested shares would be 250 * (201 - 1) INR = 50,000 INR. It'd be taxed at slab rate, deducted at source by your employer. This money would be coming from your pocket, even though no money actually changed hands. + +Now assume you work at the next unicorn, some QR code electric scootie start-up, and the company's grown by 50x in a year. Investors are lining up like crazy, your management is raising series AA. + +Then, you choose to exercise your vesting option, and immediately incur a taxable income of 250 * (200 * 50 - 1) = ~25L. + +If you're in 20% or 30% tax bracket, this'd be a good time to look for a personal loan or reading up the wiki on emergency funds. Because paying ~8L to income tax on your own dime is no fun. + +Tbh, there are start-ups that understand this pain point, and go out of their way to have handshake deals instead of a proper grant system; and make sure you own the equity but not pay a single rupee in tax on paper gains. + +I could be wrong, but IRS treats this as capital gain, not under income from salary. + +This is an important point to keep in mind while dealing in ESOPs. + +To summarize, ESOPs work best, if + +- you're a very early stage employee +- throughout your vesting period, the company's fair market value didn't grow much +- after vesting period got over and you purchased all these units, company's real growth story happens + +So what's your story of ESOPs? +Almost all the posts now-a-days here have PPFAS or Quantum's funds being promoted. I am not sure if they are in good faith or if there is any cult following of these funds which are overlooking their negatives. I was concerned and had written the following somewhere else and thought of copy-pasting here: + +==== + +PPFAS has some very good points going for it like skin in the game, low churn in stock positions, ability to invest in other countries, no pressure to continue investing when markets are hot, good frequent investor communication through youtube videos, bias towards value investing and not rushing after the next big thing following Late Parag Parikh’s philosophy. I hope other mutual fund houses also follow these. + +&#x200B; + +But what troubles me is the so called experience of their analysts. In one AGM youtube video, they introduced them in the end and all looked very very young. Fund manager does have maturity and market experience. But then we are depending on him 100% taking into account all his biases. So there is a huge keyman risk here. I hope the fund does well but if I were a MF investor, I would put some part and not all of my funds into this fund. Maybe we can argue that keyman risk is there for all good fund managers. So maybe it makes sense to diversify across fund houses / across fund managers. + +&#x200B; + +The MF continued with their earlier PMS positions like Noida Toll, Maharashtra Scooters. Noida Toll turned out to be a dud which is ok since some positions will. But what bothers me is they continued holding onto it and justifying their position till the end. Same with Mahindra Holidays. I did not know about IBM position and timing of it but looks like they tried to clone WB and got out since he also got out. + +&#x200B; + +Their CAGR for 1,3,5 year is 5.72%,13.66%,13.02% respectively. Its more or less the same as the category (Multi cap) performance. But I am surprised to see this not so impressive performance despite the the hype like value, overseas investing, long term etc. + +==== + +I would recommend to diversify across at least 2-3 fund houses like Mirae, Axis. And not go solely with PPFAS, Quantum. +Hi everyone, first of all, a very happy Diwali 2021. + +I am an active investor in ICICI prudential short term debt fund. While checking the fortnight portfolio disclosure, I recently came across an entity called TREPS, which was as high as \~35% as of October 15th 2021 and has come down to close to 20% in the recent fortnight disclosure. + +&#x200B; + +I searched for it a bit online and found one reference on the site of CCIL: [https://www.ccilindia.com/FAQ/Pages/TREPS.aspx#1](https://www.ccilindia.com/FAQ/Pages/TREPS.aspx#1) + +As per the page, it is a tri-party lending system (borrower, lender and an intermediary regulatory body) that helps the funds with short term liquidity requirements by either borrowing with the securities as collateral or vice versa by lending. + + +Although the above system makes sense to me, I couldn't find information on interpreting this number in the portfolio statement. + +1. Is it fine to have such high numbers under TREPS? What does it tell us about the fund? +2. Is there a specific number that might ring certain alarms about the fund? + 1. If the positive number represents borrowing, why is the fund facing such a liquidity crunch that too high numbers? Or is it lending to any other party? Does that mean the fund manager(s) couldn't find better opportunities to use the AUM and found this way of lending and earning interest a better choice? If it is the latter one, then I believe it should be fine in the short term as I would believe such lendings are safe and short term way of parking money till fund finds right opportunities in the market; however, a continued high percentage of such cash equivalent short term fundings can hurt the long term returns. + +Edit: Here are a few resources to check out the current portfolio: + +1. [https://www.moneycontrol.com/mutual-funds/icici-prudential-short-term-fund/portfolio-overview/MPI030](https://www.moneycontrol.com/mutual-funds/icici-prudential-short-term-fund/portfolio-overview/MPI030) \- check others section in the portfolio. +2. [https://www.rupeevest.com/Mutual-Fund-Portfolio-Tracker](https://www.rupeevest.com/Mutual-Fund-Portfolio-Tracker) to see how treps is changing over the time + +Thanks! +Before someone recomends it, I'm not interested in any Indian app to invest in US stocks. I'm going to start with $40k to invest for long term (with adding more along the way) so I'm looking for a long term reliable option. + +I run a business and I already have a CA handling my case, so taxation shouldn't an issue. Tax slabs are same for both - either i invest directly or invest in a FOF debt fund. It's no brainer I should go for direct equity considering awful tracking error of US funds in India. + +I'm thinking of trying one of these two popular options - Interactive brokers or Charles Schwab. So I'm seeking advice from more informed folks here. + +Please give your valuable opinion. +Have been looking to buy a 2 bhk flat in a tier 1 city.Supposing I have the money loaded,would post covid be a right time for me having been put off by builders not willing to give big discounts even with plenty of unsold inventory,to stick a rusted knife into these fat ass builders and get the bargain of a lifetime? +Any inputs from those tracking the real estate scene would be appreciated. +I have been maintaining my credit history perfectly for the last 6 years. I have never missed a single payment for my loans or my credit card. Some time ago, I had applied for a new credit card which got rejected and I was surprised which led me to check my CIBIL score from their website and found it to be an abysmal 628. When I further checked, I found two unknown loans linked with my account. One was a commercial vehicle loan and other was a personal vehicle loan and both the loans don't belong to me. + +These loans have missed a lots of payment which is affecting my CIBIL score. I had raised a dispute in their portal and now more than 2 months later, the status is still pending. + +How do I remove these unknown loan accounts attached to my name? The CIBIL raise dispute portal doesn't seem to be doing anything. Please advise. + +P.S: Please let me know if this not the right subreddit! +My husband and I opened an Individual Development Account (IDA) early this year with the stated intention of saving for a down payment on a house. We've since discovered that no one knows what IDAs are, which means that *tons* of people are missing out on a huge boon. + +If you make up to 200% of the poverty level, you are eligible to open an IDA. It's essentially a matched savings account. You save at least $25 a month, and the program matches 3 dollars for every dollar you save--up to $3k a year for 3 years. Your savings contributions are tax deductible in some states, and more tax benefits are available when you withdraw your savings. Savings must be put toward a set goal, usually college savings, home repairs, a down payment or purchase of business equipment. + +Here's the best part: there's literally no downside. If you change your mind, your own savings are returned to you with any interest earned. If your income goes drastically up, you're not kicked out of the program. It's a fantastic program to get in on if you're low-income now, but expect your income to rise in the near future (ahem, college kids). + +We applied when we were both jobless early this year and were accepted, depositing $85/month. We're now pulling a combined 60k, but are still in the program. When we buy our house in 2.5 years, we'll have saved $3k in this account, but will be withdrawing $12k. We will get another $2k back [as a tax *credit*](http://www.freetaxusa.com/display_faq.jsp?ida-withdrawal-home-purchase&faq_id=1316) on our closing costs. + +It sounds too good to be true, but this is a real, government-backed* initiative! And I want more people to take advantage of it! To find an IDA provider near you, [search here](http://cfed.org/programs/idas/directory_search/). + +**EDIT:** Now that this is blowing up, let me clear up a few things. First, I'd like to echo /u/ritchie70 and ask that you *please* be respectful of what these programs are designed for--both ending and preventing generational poverty. Please DO NOT try to figure out how you can qualify on paper if you are not truly in need. + +Because the program is intended to end cycles of poverty, money can only be used for qualifying expenses...usually a home down payment or business expenses. You can't buy a car, sorry. + +*I first described the IDA as a "government-backed" program because I wanted to lend legitimacy. This is true in my state, as the initiative was created by the state legislature and is funded by state tax credits. IDAs are appropriated through various NGOs, but the matching money usually comes from the state. It appears this isn't true in all states, so I'm sorry for any confusion. + +Lastly, I am trying to answer questions, but I really have no idea where one is near you or what the rules are in your state. Try some Googling and then call your nearest provider. + + I got $10,000 sitting in a Commonwealth "Goalsaver" account. I'm only 18 and just put my spare money into a account that I thought I could earn some interest off. Turns out it's pretty poor, only like 0.25% or something per annum. + +I want to earn a bit more off this money. I created a CommSec account to start investing, but I'm not sure where to start. I did some research and investing into Index Funds sounds like a smart move. + +I will be continuously adding to this amount for however long I'll be working. I just want the money doing something not just sitting. +Often I hear conversations in the U.S. about enacting Scandinavian economic policies like "We should adopt things like higher tax rates and stronger social services like in Denmark, since it appears to work well there". + +On four separate occasions, I've heard the rebuttal: "Countries with a small population with a single culture and ethnicity state policy won't work in the U.S., since the U.S. is much bigger and culturally diverse" + +My question is: Is there serious evidence that countries (like Scandinavian countries) can enact certain economic policies that wouldn't work in a country like the U.S. *specifically due to stronger ethnic/cultural homogeneity*? + +Thanks! +Can someone explain to me what information is supposed to be captured by the concept of "trade deficit?" As someone with no training, it just seems misguided as a relevant thing to keep track of. + +Like, if my personal household doesn't have any money coming in and is buying things each month that are going to depreciate or be worth zero after use and I'm using credit with a high interest rate to buy all this, then yes, keeping track of that seems useful. + +But if I'm just trading real money for another real item that's about equal value, then I don't see why this matters or how the word "deficit" could even be used here. + +I've given Amazon maybe $200 so far this year, and since I don't work for them, I've earned $0 from Amazon. Is that a trade deficit? I wouldn't think so. They've given me a bunch of movies and audiobooks that are valued around $200 and I haven't given Amazon a single movie or audiobook. Does Amazon have a trade deficit with me in the currency of audiobooks? + +It seems misleading to call this a deficit. I don't owe Amazon an audiobook recording, I just traded money at a fair price and that exchange is settled forever. + +Likewise, if someone in the US gives someone in China $1 billion for aluminum, I don't see why this is called a deficit or why it should even matter to me. First of all, I'm not part of the exchange anyways, but even if I was it's literally just a fair trade, and I don't see how we could be said to have a $1 billion trade deficit anymore than China has a $1 billion worth of aluminium deficit. + +Can someone explain what this deficit (with no reference to the real and existent goods received in exchange for currency) is supposed to signify or if it's actually important? +I've read somewhere Tijuana is planning on building 2000 condos within 2 years, and there are a couple of high rise being built. Will this be enough to answer San Diego’s limited supply of housing units and attract san Diego’s younger generation or professionals to run to Mexico for a cheap cost a living, and become a threat to investing into the real estate in San Diego? Will TJ’s real estate boom disrupt San Diego's economy? +Virtually every credible news source I've read claims that the Brexit will be terrible for the UK. I understand the short-term repercussions. However, could the truth be that the formation of the EU was a bad idea to begin with and that Brexit is just a painful correction? +In econ textbooks it is cited that reserve requirement is the amount of funds banks **MUST** have on hand each night. But what happens when, let's say other banks in the financial system refuse to lend any money to JP Morgan for their own reasons, and as a result of that, JPM has 3% less on reserve requirements. What would happen in this case? JPM would be forced to use the discount window, right? Also, is there any penalty for JPM if it closes the day with 3% less reserves? +The new rules [which were recently announced](https://www.reddit.com/r/AskEconomics/comments/9cj512/announcing_a_new_policy_direction_for/) are now in place. All top-level comments will be auto-removed, pending approval from white-listed users with comment approval/removal abilities. + +-------------------- + +Notes + +* For those asking questions, please be patient as comments are approved. It may take longer to get a response, but the responses you do get should be higher quality standard now than they were before. +* If you are answering a question and are not a white-listed user, please be sure to write high quality answers if you would like them approved. As a rough set of guidelines, this means providing detailed and correct explanations, showing your economic reasoning and/or economic models, citing research where appropriate and answering the question as fully as possible. Short, incomplete and misleading answers are much less likely to be approved. + * Top level comments asking for clarification from the OP, asking additional related questions, and other such requests are fine and will be approved. +* If you are a white-listed user, please approve comments that meet these subjective guidelines. Please also approve any comments asking further questions or clarifying. Keep those answers that do not meet this standard as removed. +* If you are answering questions and would like to be white-listed, please leave a top-level comment here with 4-5 posts highlighting your knowledge of economics. We do not care about formal credentials, only your history of comments showing good economic reasoning. With that said, the standard for a white listed user is roughly having the knowledge from an undergraduate degree in economics. Comments do not have to be from /r/AskEconomics to highlight your knowledge. + +Is there an economic argument that justifies this? I've often heard it stated that firms are less constrained economically than laborers. A laborer sells all of their labor to one buyer, traditionally, while firms buy labor from many (generally). Is there a specific theory that models this relationship? +I'm not referring to the GOP tax bill in particular, for the sake of argument let's pretend there is a tax cut to slash the corporate income tax from 30% to 10%. And let's Assume the government deficit & debt wasn't an issue. Is there anyway a tax cut could actually hurt the economy? + + +Hello. First of all, I'm just an economics enthusiast so excuse any lack of preciseness in my use of any term. + +I've seen Professor Milton Friedman talk about foreign trade, both imports and exports and he claimed that we should be aiming for a trade deficit since the exports are the cost for imports. In other words, we should try to minimize exports and maximize imports and he claims that a country that subsidizes their goods to make them more competitive are engaging in foreign aid and we should just gladly accept it (trade wars with China comes to mind). + +Whether this is a valid and logical perspective is not really my question. Let's just assume it is. My question is that he seems to contradict himself when he claims that he opposes actual foreign aid, as in sending goods to 3rd world countries for 0$ because this is going to bankrupt the producers in those 3rd world countries. Doesn't this just beg question? Which one is it? We should accept highly subsidized "foreign aid" from China because it's good for our economy but the same can't be said for doing the same to 3rd world countries because we're going to bankrupt their producers? + +Maybe I am missing something here. If someone could ELI5ish this to me I would really appreciate it. I am a huge Milton Friedman fan but I can't stop thinking about this. Much appreciated. + +> EDIT: [Link of the video as requested.](https://www.youtube.com/watch?v=c9STBcacDIM&t=113s) +According to [IMF estimates](https://en.wikipedia.org/wiki/List_of_countries_by_past_and_projected_GDP_(PPP)_per_capita), the GDP per capita adjusted for purchasing power has increased over the last couple of years in countries facing major inflation like the US, UK, and Germany. Since inflation typically *decreases* people's ability to afford things, this trend seems contradictory. Why is this? I understand that GDP per capita doesn't take wealth disparity into account but I'm not sure how that plays into the equation. Thanks. +Hello, +I was thinking about the "Impossible Trinity" Trilemma in economics, and I thought its implications in a world with only 1 currency. If we choose to have a fixed exchange rate (a single currency), no capital control (free trade), but not an independent monetary policy. The problem would be that if a certain country falls into a recession or depression, the government wont be able to do much. + +So my question is, is it possible for a recession or depression to end with no state intervention? +Thanks! +Hi AskEconomics, + +I'm hoping someone might be able to recommend a good podcast that provides an introduction to how financial markets work. I find this topic fascinating when it pops up in more general economics podcasts, but I'm aware I have little to no real understanding of how it works. I'm not even sure I'm able to phrase this question properly. + +Anything that could give me a better understanding of finance/markets would be perfect, but I'd also appreciate any recommendations you'd have for someone who wants to build up a better knowledge of economics in I guess a more academic sense. + +I hope that makes some sense. Thank you in advance! +I want to learn about general tax policy before I try to learn about current tax policy, but I can't figure out where to start that doesn't seem overly political. I get that I may not find something that isn't at least somewhat political, given the nature of the topic. +Why do Switzerland and the USA have such high salaries? Why does the UK have such mediocre salaries and what could the UK do to drastically raise the average wage? + +https://en.wikipedia.org/wiki/List_of_countries_by_average_wage#OECD_statistics +Hi! Out of curiosity, how does the consolidation of the Cuban peso drive up inflation within the country? I'm baffled, and I have been thinking all day about this, but haven't come to any conclusions on why this is the case. I would appreciate any help in understanding this! Thank you! +I've been listening to podcasts more frequently and ran across "capital - isnt" podcast by a university of Chicago professor and a George town professor and I fell in love. + +I was hoping to find other good high quality economic podcasts - some ideally dealing with the financial markets and some with a more political or international tint to them. + +Any thoughts? +I frequently see questions on here about how to work finances for couples. I thought it may be helpful to lay out some of the different ways of doing things and their respective advantages and disadvantages. + +Note, fun money is leftover money every month that each partner has to spend on hobbies, personal holidays, or also savings if savings are kept separate. + +Edit. (thanks /u/Yennikcm) +>Whatever option you choose, it's important to talk openly and honestly about money with your partner. It's important to know and understand each other's financial mindset and long term goals (e.g. frugal vs. lavish, long term saving vs. investing etc.) + +Source. Been in various situations myself for many years, and discussed at length with close friends who have been in a lot of these situations too. Also somewhat of a compilation of various /r/ukpersonalfinance threads. + +# Method 1 + +Split all bills as a proportion of relative income. + +If one party earns 75% of joint income, they pay 75% of the bills. Here salaries are often paid into the individuals accounts, and then bill contributions paid into a joint account, or just directly paid to billing entity. All remaining money in individuals accounts is then fun money. Often in this situation savings are kept separate. Edit. Sometimes this is effectively done by splitting who pays for which bills. Lower earning partner may only pay for a few minor bills, higher earning partner takes the rest. + +Example calcs:Per month, party A earns £3k, party B earns £1.5k, post tax. Party A pays for 66.6% of bills, and party B, 33.3%. For a monthly bills/outgoings of £1.8k, party A contributes £1.2k (40% of income) and has remaining £1.8k fun money. Party B contributes £0.6k (40% of income) and has remaining £0.9k fun money. + +**Advantages** + +* From an individuals perspective, it is a pretty fair way of splitting finances. It accounts for differences in income so one party never has to pay more than they can afford. + +**Disadvantages** + +* It’s somewhat of a ‘regressive tax’ as both parties end up paying the same fraction of their income towards bills. If one party earns triple, they end up getting triple the fun money. +* In cases where there is an income disparity, this can lead to jealousy and or resentment. +* If you have children or a job loss forcing one partner to earn much less or nothing, it falls apart and a new system is needed. + +**Who is this appropriate for** + +* If you earn about the same and like to keep your finances somewhate separate. +* If you’re not married with no children, this can be a good option. +* If you see your earnings more as ‘yours’, and not the ‘couples’. + +# Method 2 + +Pay both salaries directly into a joint account, bills and any joint costs (and possibly joint savings) get paid directly out of this account. Leftover money is then split equally to each partners personal account as ‘fun money’. + +**Advantages.** + +* Both partners are guaranteed the exact same quality of life with the same ‘fun money’. +* Resilient to changing circumstances (children/job losses) as reduced fun money is still split the same. +* There is less cognitive load when making joint spending decisions as it affects both partners equally. + +**Disadvantages.** + +* You essentially lose control of your own finances. Everything is joint. +* If one party prior to starting the relationship had a much higher income, it can be difficult to accept the reduction in fun money. +* Sometimes partners just don’t have/want expensive habits and end up just sitting on piles of money with nothing to spend it on. This isn’t common though, most peoples personal spending adjusts to their income. + +**Who is this appropriate for** + +* People who are married have their financial lives legally joined anyway. +* People in long term relationships, especially with children. +* If you regard your and your partners financial futures as one entity, not two separate ventures. + +# Method 2.5 +(credit /u/joao_uk) +Similar to method 2, but personal spending never gets split to personal accounts. An joint amount is agreed and is kept in the joint account, then whoever wishes to spend it can without worrying about a 50/50 split. Large purchases are discussed prior. + +**Advantages** +* Less moving of money around needed. One account for everything. +* Very easy if you both have similar ways of dealing with money. + +**Disadvantages** +* Requires both partners to discuss the others personal spending. +* Can be difficult if large disparities in spending habits exist. + +# Method 3 + +Split bills 50/50. Keep remaining income for themselves. + +**Advantages** + +* It is fine if both parties earn about the same. Is the 'fairest' solution available. +* Disadvantages can be somewhat limited if higher earner also agrees to contribute more in other ways, such as towards joint savings, but this kinda turns it into method 1. + +**Disadvantages** + +* Is a bad long term solution and small changes in costs can very negatively affect one partner whilst the other barely notices. +* It isn’t a good solution if there is a higher earner who wants to start spending more than the other can afford. + +**Who is this appropriate for** + +* This is often how things start, especially when couples first move in with each other. + +# Method 4 + +Where lower earning partner earns so little (or nothing) that they cannot realistically live. No joint account exists but higher earning partner pays all bills directly and ‘gifts’ fun money to lower earning partner to maintain quality of life. + +**Advantages**. + +* Higher earning partner maintains full control over their finances. + +**Disadvantages**. + +* Can create a toxic power imbalance and can lead to resentment, especially if a joint spending decision is ever unilaterally denied. + +**Who is this appropriate for.** + +* People who are protective of their finances, and possibly don’t trust their partners ability to manage finances. +There's a lot of questions out there asking if it's OK to take 6 months off, etc, on this sub. I took 4 and a half years off after spending almost 10 years in the military and charted my total after-tax income, total spending, and net worth during that time to give some perspective... + +[The end graph](https://i.imgur.com/qL2srkq.png) + +A few caveats... + +-Didn't really start tracking everything in detail until 2016. Went back and re-created as much of the data prior to 2016 using bank statements and portfolio values. Getting data prior to 2011 was a little trickier and especially prior to 2009 since my bank statements didn't go that far back. Filled out as much as possible and extrapolated, but that's why data prior to 2011 looks a lot more smooth. + +-I did have a windfall traditional IRA that I inherited around 2012 (190K) that bumps my net worth up considerably more, but since I don't touch it and treat it like it isn't there for my day to day spending, I didn't include it in the chart. + +-Yes, it's an ugly excel chart, but the data is the important part... not the visualization. + +-The reasons there's no dip in 2008 is I was on military deployment at the time (Sep 2007 - Dec 2008) and was investing a great portion of my paycheck (the difference between spending and income on the chart becomes more pronounced when the deployment started)... so much so that I was outpacing the losses from the Great Recession. + +-Had another deployment from middle of 2010 to middle of 2011. You can see a big dip in my spending there. + +-Ran some simulations of where my net worth would be if I didn't take the time off. Well, I didn't really go off the deep end on FIRE until after my time off so it's hard to predict my spending habits, but my best estimates put it around $400K. So the time off in the end cost me about $230K in current net worth. With the windfall I have, I would be very close to $700K total net worth and would be looking to leanFIRE in the next few years. +So I've wanted to get involved in investments for awhile. I've heard some not so great things from stash, Robinhood, even found some not so great reviews on Webull. A kind redditor suggested TD AMERITRADE and it looks pretty legit. I dont have much at the moment to buy stocks so I was thinking $100 here or there. Buy a couple of stocks from apple or coca cola. Please bear with my complete and total lack of knowledge of this. I figured this was more responsible than buying scratch offs and lotto tickets. Any sound advice is greatly appreciated! +Ignoring all the relationshippy questions about when it’s a good idea, I’m thinking of good ways to ensure my parents have a comfortable income in retirement. I can set up an automatic monthly withdrawal to them, file a yearly gift tax report (no actual tax due because I’m not giving enough to exceed the lifetime limit unless they live forever), and be done with it, but I’m wondering if there are other considerations or clever ways to approach it. Does anyone else on fatFIRE do this and have advice? + +Edit: US advice preferred +The market situation is not the best and no one knows what to expect, there is fear in the market for investors. Since the recent drop, bitcoin has lost 40% of its ATH, the fear index has reached 10, and even the altcoins that did the best in the correction, such as NEAR, ATOM, also lost a little in value. We arrived at the base BTC support level of $ 40,000, which we kicked off well the last time around and went for a new ATH. Bitcoin dominance at the bottom. Does this mean that we all felt the bottom and there will be a rebound soon? Is it time to enter the market? I think yes, since we are not that far from a possible second bottom, and even if the rent continues, in any case we need an upward correction ... +https://xrphodor.wordpress.com/2018/02/04/xrp-and-the-winds-of-change/ + +The last month has been a correction for the ages. This blog talks about some of those red numbers, and cover why I believe that XRP has the greatest opportunity for a fast recovery. + +You will also learn about the latest exchanges to add XRP, escrow news, and what's happening in the XRP community. + +I hope you enjoy the read - please leave any feedback below. + +Thanks, +-Hodor +For those who got shook out or liquidated, I’m truly sorry. The fuckers hiding behind CNBC bull shit interviews and concerned with keeping themselves wealthy and fucking the little guys struck a major blow today. But we get up, we dust ourselves off and we fight harder. Tomorrow may be just as insane or uncertain but we’re just getting started and these sadistic market manipulators aren’t off the hook just yet. Long and strong with 191 shares. +Edit: this has blown up so I am removing any identifying information at this point. Thanks for all of the advice everyone. + +He is with Primerica. All of my investments are in Invesco mutual funds. He is paid by the funds he sells (commission). I have lost a few thousand in the past month or so, but that's just the market. Is this not a good spread? (Edit: I know the market being down has nothing to do with the advisor) + +I think I am being charged $20 per purchase every month. I am going to double check. Is that normal? + +Any advice would be appreciated. + +Edit: thanks for all the input. All of you confirmed what I was afraid of. I will be cutting my losses and running. I already have some appointments set up to vet some fee based financial advisors. Thanks everyone for commenting. + +Edit 2: alright so I have learned a lot today. I am going to keep one meeting with a few based fin advisor, but I am also meeting with someone from Vanguard to get it all pulled over. I definitely understand that the market being down has nothing to do with this advisor. I am going to spend some time learning and just do it myself. Thanks to all of the people here who gave helpful advice and were nice about it. I feel like an absolute dumbass. Adult life lessons are expensive. Won't be making one like this again. + +Edit 3: Typos +As /r/FatFIRE crosses the 100,000 member mark, we would like to take a moment to recap the changes that have taken place in recent months, and give you an opportunity to post questions and provide feedback. + +Growth has been rapid, and we have essentially doubled our traffic over the past year. As /r/FatFIRE has expanded, we have made several changes to how the sub is run: + +&#x200B; + +**1.) Verification –** Thanks to the inestimable /u/regoapps, we have instituted programs to verify both member posts and accounts on this sub. This has allowed our members to engage with a post or another member with a high level of confidence. + +Verified members receive a CSS flair, while verified posts are granted a ‘Verified’ tag that can only be awarded by mods. Verification can take a variety of different forms, but typically account screenshots with identifying information redacted are considered sufficient. Tax returns, trust documents and other methods have also been used. Mods will also consider posting history and other factors. + +As always, our members are encouraged to be (politely) skeptical of anything they read on the internet in general and this sub in particular. + +&#x200B; + +**2.) New rules, and more active moderation –** We’ve been spending more time in the Mod Queue, weighing your reports and weeding out posts and comments as needed. Further rules have also been implemented, such as ‘No Solicitation’. Existing rules have been enforced more stringently. + +As mods, we rely on your reports to help us identify and deal with issues, so please continue to make reports as appropriate and to provide context with those reports if available (Eg. "OP has posted this on multiple FI subs.") + +We have attempted to make removals on a ‘firm but fair’ basis. We are not here to police opinions, but we do want to maintain a respectful and positive atmosphere. Removals and bans can be discussed (again, politely) after the fact by either comment-reply or modmail. + +&#x200B; + +**3.) Adjustments to automod –** Given the increased number of members, we have adjusted the threshold used to determine when posts are automatically removed. This was designed to prevent popular but controversial posts from being removed automatically, and seems to have worked well when combined with active moderation. + +We also instituted a minimum karma threshold for new comments to reduce the amount of trolling and solicitation. Auto-removed comments are eventually reviewed (and typically approved) by mods, but we continue to catch enough spam, trolling and solicitation to make the system worthwhile. + +&#x200B; + +**4.) New welcome message –** We recently introduced a welcome message to new members to explain the auto-mod system, and reasons why posts are frequently removed. We continue to welcome new members, but we encourage them to read in to the sub first and to focus their efforts on contributions that will be of particular value to FatFIRE in particular, rather than FIRE in general. + +&#x200B; + +**To Sum Up:** + +We’ve taken new steps to improve the sub, though we recognize there is still work to be done. We hope you’ll take a moment to weigh in on the current state of /r/FatFIRE or to pose a question. We appreciate constructive feedback, and so we ask that you include suggestions for both what we should sustain as well as what can be improved. + +Thank you for your contributions, and good luck on your journey. +Sorry this is just abit of a rant post but I honestly don't have anyone else in my life that cares enough to listen to me vent. + +I'm honestly so sick of busting my ass of all day every day just to be used as a door mat from everyone. No matter how much effort I put into every job I've ever had I never seem to go anywhere meanwhile people who always do the bare minimum go far. I'm sick of wasting my body away to the point where I can't do anything on days off because of all the aches and pains. I'm sick of wasting away the best years of my life to be a slave for a company that doesn't even appreciate the effort I put in. I'm sick of getting paid and immediately having no money left because the cost of living is increasing exponentially while wages are stagnating. + +I just want to be free to be able to pursue my dreams and meet cool people all around the world and be able to help people that are living in my current lifestyle. + +So please HODL for me and I will HODL for you. I'm 99% drsed and I ain't selling a single fucking share until the cost is the same as my phone number. I could literally not be prouder of any group of people on the internet like us Apes. Fighting the rigged system for a better life for all + +Thanks for coming to my tedtalk. I really needed to get this out. I love all my Apes and Apettes ❤❤❤ +Here is a link to a Chinese media source stating that Evergrande has defaulted. Oddly enough this correlates in timing to the creep toe market dump. NO FUCKING DANCING! + +[Evergrande default](http://t.m.china.org.cn/convert/c_lKeEsR77.html) + +Extra words. 🚀🚀🚀🚀🚀🚀🚀🚀🚀 +DRS…… HODL……. +More rockets 🚀🚀🚀🚀🚀🚀🚀 +Hedgies are fucked +GME GME GME GME GME GME GME +More words +Long live RC and DFV +Jacked Tits +First of all: i am not FIREd and have actually only been pursuing this for about one year BUT over the past year I built a small source of passive income (that is not investing) which covers my monthly rent (I'm 26m, no debt, no spouse/children). + +So, covid. I work in mobility and am based in Europe which essentially means my company is fucked. We had to shut down all operations in the italian market and the situation is likely to get worse everywhere else in the next couple of months. I am not gonna lose my job, probably, but many of the projects I was working on have been put on hold and I'm likely gonna be asked to reduce my working hours or take some unpaid time off, which is okay... because I don't need the money. Even if i were to be laid off tomorrow I would still be able to cover my expenses with just my side income and the extra free time would even allow me to scale it further. + +So I just wanted to post this here because... I kinda feel already financially independent. Doesn't mean that i don't have to work to live, I don't have a lot of money invested, and two of my three sources of income (my office job and my investments) are currently fucked but the other one is not and this alone gives me a huge sense of freedom. + +Diversify, folks. + + +EDIT: My source of income is Print on Demand (POD), and I recently started looking into affiliate marketing as well. +I previously posted regarding my AAPL puts play last week. Lots of you gave me insights and valuable info about my play (some people were just flaming and getting mad). So I sold my puts at bare minimum profits last week and i swapped my play to bull this week and AAPL been treating me really well. (100% gains and currently in 144 call, in profit as well) + +So thank you to the people who truly helped me out, yall MVP. +So he said he saw this great signup bonus at Red Dog casino.. something like +250% your deposit. I told him not to do it but he said it's too good of an opportunity to pass up. He deposited $1200 dollars so he had a starting balance of roughly $4,000. His playthrough was also over $100k, which he didn't realize. So he starts off on a few different slots, and (as expected) he's winning big. He's up to nearly $8,000 pretty quickly. Then the site starts to work its magic. Losses start piling up, but everytime he gets close to $1,000 he miraculously gets a big win. He got all the way up to $24k. Then right back down. He wasn't even half way through his playthrough when the site just decided to put him out of his misery. Down to zero and another offer for a "generous" bonus. + +So the lesson here is, don't sign up for this garbage or anything like it. + +It's not going to make you rich or get you out of debt. It's a hobby for people that can actually afford it. +It's really simple , none of this requires communication , we don't need Reddit, we don't need to go to you tube , or whatever back up options there are , we don't need to talk. The more we rely on it, the more it can be exploited , the more FUD can be spread during moass. If you rely on it , and what others are doing "you're gonna have a bad time" + +Hedgies can't FUD us without social media , so use that to your advantage. + +All you need is 3 things , hold , check the price , is it 25mill yet? No? Keep holding. That's it. + +Thanks and have a great day. +A top post is just pure 'trust me bro' hopium hypenomics at work with a a title to entice. Here's a fact for you all, viewership of the superbowl has been consistently going down for more than a decade since 2010. So less people are watching the game in general. About half of those people are just there for the ads and a majority of them are gonna be sharing the ads on Facebook, a social media platform that didn't grow last period and has an aging userbase to boot. So less people and mostly older that aren't gonna take financial risk are watching. I doubt Auntie BJ is gonna invest in crypto because Tom Brady told them about FTX. I can see my brother who uses facebook and has no teeth left seeing the ad and wanting to FOMO in. So that's the audience they're mainly getting. + +It's also just Americans. No one in Europe is gonna be watching the game and or gives a shit about Tom Brady. No one in Brazil is gonna be watching. Americans are not the only people invested in crypto, most South Koreans have no idea how American football works or again, gives a shit about ads that they wouldn't understand without subtitles and who is gonna be writing subtitles for ads for an American sporting event outside of Spanish and English? + +Lastly, why would the news care about a crypto ad? Do you expect an interview with Tom Brady breaking it down his involvement and a full history on the past year of crypto? I'll bet they will talk about how much is spent on the ads this year and how much FTX grew and paid Tom Brady and then move on with their day. + +This idea that a single ad during an American sporting event is gonna put us into a bull run is just silly. This is Saturday Night Live or Doge day again. There's no reason to think prices will go up except for hope. But they wanna cover their tracks and say it'll affect the prices in future. Okay, I drank coffee this morning and so the prices will go back up 'someday', that's my prediction based on nothing substantial. + +Edit: Yes, I know Tom Brady is retiring. He's gonna be in an FTX ad and he already did one last September. If the reference didn't click with you then it shows how forgettable and weak crypto ads are when they need to prop themselves up by celebrity endorsements to even be worth mentioning. +There have been several recent threads with variations on this topic with lots of good discussion. + +I thought I would create a centralized thread with some of the most common questions I’ve seen, as well as a brief overview of the asset. + +**What are I Series Bonds?** + +Series I Bonds (or I-Bonds) are U.S. Treasury issued savings bonds, not so different from the ones you used to get from Grandma every year (which were EE series bonds). I-Bonds were created in 1998 to give the average American a way to save that would be guaranteed to hold its buying power. An I-Bond consists of a fixed rate (fixed for the life of the bond, which has a 30 year maturity), and a variable rate, which is based on the government CPI index, and resets every 6 months to the current inflation rate (May and November). The current fixed rate is 0%, while the variable rate is 7.12%! + +**Why should I own I-Bonds?** + +Maintaining purchasing power of your hard earned assets should be your first priority as a saver/investor. I-Bonds check a number of boxes that make them a very unique financial asset, namely: + +1). Safety - They are guaranteed by the U.S. Treasury. If the government defaults on you, we have bigger problems. + +2). Liquidity - After one year, they can be cashed in and deposited back to your checking account in 2-3 days (minus a small 3 month interest penalty, see below). + +3). Tax Deferred - I-bonds do not throw off interest. You only owe tax on the internally compounding interest once the bonds are cashed in, which means *you* control when you pay tax. Always a good thing! + +4). Inflation Protection - I-Bonds are guaranteed to grow with the general inflation rate, as measured by the CPI. + +5). Deflation Protection - I-Bonds will never lose value month over month, even when the CPI is negative (deflation). That means in those cases, your money is guaranteed to *increase* in value in real terms. + +6). Tax free (maybe) - All interest earned is local and state tax exempt. If used for qualifying educational purposes and if you are under certain income limitations, interest earned is federally tax free. + +7). Account Separation - Some people may consider this a negative, but I find having my cash and emergency funds separate from standard bank or brokerage accounts to be a positive in that you are much less tempted to do anything rash or draw on these funds for something that might not be a true need. This is completely psychological, but for me, it works. + +Additionally, just like EE Savings Bonds, I-Bonds are a great educational tool for children. They are simple enough to teach concepts like compound interest, but since they are also inflation linked, you can also teach them about what inflation is and the impact on buying power. No more just having to tell them how you used to remember when a loaf of bread cost a nickel! + + +**What’s the Catch?** + +I-Bonds purchased must be held for a minimum of one year. In addition, bonds cashed in between years 1-5 will lose the last 3 months of interest paid. Additionally, you are limited to $10,000 per year, per social security number (or EIN), plus another $5000 in paper I-bonds if you choose to get your tax refund back as I-bonds. + +**Why all the hoopla now? Why didn’t I know about these before?** + +Because of recent inflation data, I-Bonds are paying the highest variable rates ever for any I-Bonds purchased through April 2022 for 6 months. That rate is an annualized 7.12%! This has helped shine a light on an asset that has been flying under the radar for a number of years. + +Also, because they are sold directly by the government, there are no expenses, commissions, or fees. That means no one is paid to tell you about them. + +**How much can I expect to earn over the next (XX) years?** + +No one knows in nominal terms. In real terms, they are expected to return nothing. Your $100 in I-Bonds bought today should be able to buy just as many groceries 30 years from now. This is a good thing! Inflation has averaged 2-3% overtime. A government guaranteed return of your buying power is nothing to sneeze at, especially for something like an emergency fund. + +*Note*:The current rate will likely NOT last, nor would you want it to. They would mean inflation is way higher than long term trends, which would reek havoc in the economy and your personal finances. + +If you want to know what 2-3% interest looks like compounded semi annually, use this calculator. + +https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator + +**How is Interest accrued?** + +Interest is earned monthly, and compounded semi annually. Your account balance will reflect what you have earned minus the 3 month penalty (until year 5). + +Additionally, interest is earned for the entire month you own the bond, so bonds bought on the 29th will earn interest as if bought on the 1st! Just make sure the purchase clears before the end of the month, so give it a few days. + +**Why are these rates so much higher than market bond rates or savings rates?** + +To put it simply, they are government subsidized. These are meant for the little guy to be able to save money safely. Who doesn’t like a good government subsidy? My rule of thumb is to max out on anything the government limits you on - it means it’s probably a great deal. In this case you are limited to $10,000 per year (plus $5,000 in paper bonds from your tax return). Any Wall Street finance person would be loading up on these, if they could. + +**What part of a portfolio should these be for?** + +Many people use them for emergency savings. Others use it as part of their overall bond portfolio. Others for college savings. There’s no question they are one of, if not the best risk adjusted assets out there. This should be the bedrock of your non-retirement savings/investing strategy. One strategy is to “ladder in”, meaning you take parts of your emergency savings and add them every year so that you aren’t locking all of your liquidity in that one year lock up period. + +**How do I buy them?** + +You can set up an account at www.treasurydirect.gov and buy them directly from the government by linking your checking account number and routing number. You may also elect to receive up to $5,000 per tax return as your tax refund in addition to the $10,000 you buy at treasury direct. + +**Who can buy them?** + +According to the treasury website, anyone with a social security number meeting one of the following 3 conditions: + +1). Being a U.S. Citizen (living in the U.S. or abroad) + +2). Being a U.S Resident + +3). Being a civilian employee of the United States, regardless of where you lived. + +Additionally, if you have an EIN for a trust/corporation, you may purchase up to $10,000 of bonds under those entities as well. + +**Is this a real government website? It seems fishy.** + +It’s real. What can I tell you? The government doesn’t know how to make a good website. For the love of god, don’t hit the back button! It has also been advised to make sure you don’t plan on changing your funding bank account information anytime soon, as some rather annoying paperwork is required. + +**Can I buy them for kids/grandkids?** + +Yes. You need to set up an account for them under your “master” account, and you can then gift them. They would be a separate $10,000 limit. + +**TIPS vs I-Bonds** + +I am not going to get into too much detail here on TIPS - you can do your own research. + +Both are inflation linked treasury assets. + +You may purchase as many TIPS through a brokerage as you’d like. I-Bonds are subject to the $10,000 limit and +must be purchased through treasury direct. + +Because TIPS are marketable securities, they are subject to market forces. While having the benefit of being able to sell TIPS whenever you like (no one year lock up), the drawback is they can (and have) decreased in value over periods of time. They do not give the same deflation protection I-Bonds do. They also throw off taxable interest payments. + +TIPS may have a place in an overall portfolio for some people. For me, they are a bit too complicated. I like to keep things simple. I-Bonds are simple. + + +**Other Useful Information** + +I’m just passing on publicly available info. Feel free to go directly to the source! + +https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_ibuy.htm +After 2 years of research and learning code I finally was able to setup an API and execute a trade all from python. I am now looking for that next big step of implementing some sort of algorithmic factor and logic behind the trades. Any thing you would recommend that might be best for a beginner or intermediate level would be great. +Remember what Mark Cuban said apes. Our best move is to support Gamestop and show that we are long on the company. + +If we want Gamestop to compete with the tech giants like Amazon, then we need to make Gamestop a bigger part of our lives than Netflix, Amazon, Walmart you get the idea. + +If Gamestop suddenly gets 500k+ new accounts, subscribers, customers (even though a lot of us already are I'm sure) then it's only gonna push the stonk price up and then we ARE the catalyst dang it! 🧡GME🧡 🧡GME🧡 🧡GME🧡 🧡GME🧡 +Fellow HODLers, + +Check below for a quick TA snapshot to see where we may be headed this week! + +# Preface + +For those who believe TA is invalid on GME and other SHF-manipulated stocks, I respect your opinion. + +My opinion? TA is not the holy grail by any means, but it is still valid on GME. + +Why? Because TA relies heavily on human patterns and emotions as they relate to stock prices. GME is no exception. There are still support and resistance levels like everything else. + +Yes there is **no denying** GME is heavily manipulated, but that doesn’t change the larger philosophy TA is based on. + +Remember, TA is not a crystal ball but it does offer a glimpse into the **most likely** outcome. + +Think of TA like predicting the weather. Weather forecasters are often correct in their predictions but not always. We can infer patterns in chaotic systems (like the stock market) and often be correct in our predictions; however, it does not always work out to be the case. + +**Setting expectations: There is no guarantee we will see a move up in the next 1-2 weeks, but lots of technical indicators appear to be pointing that direction! Regardless, I believe long-term the only direction is up.** + +We all want the same thing. GME go BRRRRRRRRR. + +With that out of the way, here are some indicators on where we might be headed through next week! + +# Bull Pennant + +* We have formed a very nice bull pennant with Monday and today's price action. The pole of the pennant is very strong (formed by the Russell rebalancing) +* The pole was formed from **$198.50 to $224.25** +* We had a nice dip from the top of pole to consolidate at the base of the pennant **($209).** Notice the wedge pattern we are producing... (thanks for the observation /u/ChristineWhy) +* Bull pennants on their own are not strong enough evidence to support a move upwards, but combined with the other factors below I am leaning in that direction + +If we hold the **$209** level tomorrow, we have a higher chance of a breakout + +[Classic bull pennant with a great formation](https://preview.redd.it/ozp0e49xja871.png?width=1222&format=png&auto=webp&s=b3bd338efb85f0813a036563af09f76d4c040daf) + +# Bullish Divergence + +* On the hourly timeframe we are now showing a regular bullish divergence within the RSI. This happens when the price action goes lower, but the RSI increases during the same time period (counting from the low points of the charts) +* This shows that the downward/sideways trend of the past few weeks is weakening/reversing. Would love to see this propagate to the larger timeframes (4 hr, Daily) + +[Regular Bullish Divergence showing on the hourly chart](https://preview.redd.it/kh41npolka871.png?width=1269&format=png&auto=webp&s=3f1b5d0dd9e8a6de37ea55bc31194a702b41309b) + +# Cup & Handle + +* As most of you have probably seen, we are in the midst of a **GIANT** cup and handle formation. GME has been forming this since early March +* This pattern more often than not indicates price momentum breakouts upwards past the previous top of the cup. If a breakout does occur, it **always** happens from the handle. Handles typically last anywhere from 1-4 weeks. **We are currently in Week 3 of our handle** +* If the bull pennant mentioned earlier has a breakout, it could be all that we need to break out of the upper resistance line of the handle. This is would begin our momentum upwards +* We have banged our head against the resistance line of the handle more than we have bounced off of the support line (check images below). This tells me that GME wants out of this channel! +* Minimum breakout price target off of GME's cup and handle puts us at $560 before we continue upwards. Look what happened to movie stock after it broke the cup and handle... it launched over 500%! + +&#x200B; + +[Large-Scale Cup and Handle View](https://preview.redd.it/uo6rb8f7la871.png?width=1018&format=png&auto=webp&s=abd4b76f730eeb79e67fd857825caf71fd79a15e) + +&#x200B; + +[Handle - Support and Resistance. If we bust above the top white line - we should see a massive move upwards](https://preview.redd.it/zo8ineldla871.png?width=1082&format=png&auto=webp&s=6e0cfdac19a57b5bae9ac6c114c88ad272f64d1a) + +# Gaps + +* Gaps are "holes" in the candlestick chart that result from a strong movement that happened too quickly, either up or down +* Gaps like to be filled. Holes created on the way up are filled on the way back down, and vice versa +* GME historically has filled **every single gap** in its chart, and it doesn't like to wait around to do so. Currently we have a gap sitting up around $290 waiting for us to come back up and fill. This lines up very well with the previously mentioned TA factors... + +&#x200B; + +[Beautiful gap at $290 to fill!](https://preview.redd.it/7hfrka7ula871.png?width=1360&format=png&auto=webp&s=55d3a3f2e7894ebe59448348316f31fdb1c3fe60) + +# TLDR; + +Long term we are going upwards. No denying that. Higher lows and higher floors combined with increased momentum over the past 6 months = extremely bullish + +Short term, multiple TA indicators are flashing signs of a potential violent move upwards in the next week or two. + +TA is not the holy grail and it is not a guarantee the indicators will play out as we are predicting. Let's see what happens! + +*I am not a financial advisor and this is not financial advice.* +Even when there are Europeans trading they only trade on NYSE and NASDAQ, rarely LSE. + +Majority of people I talk to are rather sceptical towards trading or call it gambling or a place where rich just steal from the poor and there is absolutely 0 trust towards stocks. + +There aren’t any major news outlets like CNBC and news stations rarely even talk about European indexes like WIG, DAX or CAC. + +Why is Europe not investing? What causes it? +Over the last 2 - 3 weeks I've day by day built up fairly large short call positions. I have these across multiple different stocks. My main positions are in MSFT, PLTR and SPY. + +&#x200B; + +As the market has been rising I've sold ITM calls on SPY and PLTR. Shorting the 400 strike on SPX and the 22 strike on PLTR. I've also bought some put options and calls in the VIX. Because when I make bets based on vega I want to be paid for the risk I take if I am right. And if I am right, those bets will pay off really well. + +&#x200B; + +# Why I think the SPX short makes sense. + +&#x200B; + +People are calling me a perma bear because I've been selling into moves for 3 week (Most of the thing I sold into are down for 3 weeks, like PLTR, but people tend to focus on the few I am losing in - so let's talk about these) - and at this point I don't really care about perma bulls calling me a perma bear. In 2019 I got a lot of shit for being a bear. When I bought the low of March they called me lucky. I'm used to it. + +&#x200B; + +But we've had a drop every single year now for the last 3 years. They used to come every 5 years. The tails in the market have been fattening since 2019. To me this means the edge on selling puts has decreased since then. A lot of money has been made on the buyers side of these options if they built up positions at the right time. So to bet on a drop isn't silly. At all. + +https://preview.redd.it/pz07dss8ics61.png?width=1754&format=png&auto=webp&s=89b871106b480f2330ad1b09444d2a8e9970772a + +Using Bollinger bands to gain some insight into where we'd be if looking at mean reversion strategies we're very extended to the upside. And it does not matter if you don't think charting works, as an options seller standard deviations are important. And this is just a visual of the SD. + +https://preview.redd.it/k6ig32htics61.png?width=1761&format=png&auto=webp&s=9396c00e2455d482514e7bd5c4f677d13e0dc8ad + +A vast majority of the time when this heads into the upper bands it comes back to retest the middle or lower ones. And usually this comes in the form of short term capitulation. + +https://preview.redd.it/vc3uxev2jcs61.png?width=1761&format=png&auto=webp&s=9cb939f411639f9d0c648d5d207c7fae8fc45e6f + +Price can pin to an upper band for a while but rarely for more than 10 candles. We have a lot on there already and to me it makes perfect fucking sense to sell the 400 calls here and sell more of them each time the market is up (And on Friday I stopped because SPX hit 4130 and that's where I sized up my position to a full position. Now I'll wait and see what happens). + +&#x200B; + +SPX has hit a seriously long term trendline. People often say these do not matter and I should use logarithmic charts. But to this day I've never been shown results better than these charts are getting me. And I do not follow the rhetoric of people if it does not come with results. Lot of people talk about the markets. Most lose in them. + +I've added in another trendline from the same period to show what happened when we hit this in 2020. + +https://preview.redd.it/9oa7nd0pjcs61.png?width=1763&format=png&auto=webp&s=de1e3310c0ec4f002eb9c605c7b91b3827e06e53 + +"Works great in hindsight" - Yeah. And worked great in February 2020 planning, too. + +https://preview.redd.it/i3wjm9j6kcs61.png?width=1786&format=png&auto=webp&s=07d7088bc59496e021651b50e35f8cc0af904843 + +My trade would be from the high to low in GOOG. + +https://preview.redd.it/yqnewnxbkcs61.png?width=1745&format=png&auto=webp&s=e916e81bf7dffaabc0af71d811f5cf51a9cd4b29 + +On a mean reversion basis, we've went up close to 100% over 12 months. My trades bet on a reversion of 2 - 3%. I hate when people use the word "Safe" for trading but if anything is safe it's betting something that has went up 20\* what it's average is can come down 2 - 3%. Seriously. My odds of not seeing 5% correction in the next 3 months if very small. + +&#x200B; + +Fib retracement levels are useful. And a lot of people say they are not but a lot of us make a living from these levels. I'd respectfully suggest you stop shouting at us about what works and linking us to papers written by non traders and ask us some questions to see what we know Dr Labcoat might not have. After all, none of us are paid to write papers. + +And since fib levels are useful I know it's quite likely if there's a shallow dip in SPX it's probably going to be to about the 76 level. [Every major crash](https://www.reddit.com/user/HoleyProfit/comments/m3e1k4/options_portfolio_to_benefit_from_a_downmarket/) apart from the Great Depression has stopped on this level. Going back over 100 years. It's pretty fucking useful. + +https://preview.redd.it/hwurw409lcs61.png?width=1754&format=png&auto=webp&s=d0977151d1998294aca396c51551e3e9fa17d956 + +That gives me so much scope to buy back my 400 calls in the 390 area (And be front running the support) and if that move happens the same as the previous dips after March (Usually 100+ point days) my puts will do nicely also. +I have seen quite a few mentions of purchasing Series I Savings Bonds in the comments here lately and I figure that as people start to make financial plans for 2022 I should point out (like the title says) that you can purchase up to $5,000 in paper Series I Savings Bonds with your tax return. This is done using IRS form 8888 when you file your taxes. This $5,000 does not count towards your $10,000 annual purchase limit for Series I Savings Bonds in TreasuryDirect. + +There are some caveats to the program, the biggest being that you can only make a purchase with your tax refund (if you are entitled to one). Also, you do not get to choose the bond denominations that you will receive, and they have to be ordered in $50 increments. + +If you do not want to keep them in paper form, it is very easy to convert the paper bonds into your TreasuryDirect account after you have received the paper bonds. + +More information about this option can be found [here](https://www.treasurydirect.gov/indiv/research/faq/faq_irstaxfeature.htm). Information about I Bonds rates can be found [here](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm). + +Edit: Only applicable to U.S. citizens. + +Disclaimer: This content is for informational purposes only, you should not construe this information as legal, tax, investment, financial, or other advice. +Hi there! + +For background, I’m 19 and incredibly lucky to have a job that pays 21k a year. I live at home and was paying my mum rent monthly. + +Further background, my mum has never been financially stable. She’s always struggled. Before my dad and her split, they made the decision to rent a house for 1350 a month, they’ve since split so it’s my mum paying rent on her own. + +I pay the bills, gas & electricity & water, as well as for my car, insurance etc. Pls note that I decided to buy my car before I took on the bills. I also pay my phone bill and hers which is around 130 a month total. I now have to pay £125 a month toward a loan that I had to take out because she left me so short I couldn’t afford any of my bills, yet alone afford to live. + +I don’t know what to do. I was paying £200 rent before, now she’s literally leaving me broke. I’m covering water, gas, electricity + covering her when she comes short on rent, and I don’t know what to do. I’m so stressed and it’s causing my anxiety to flare up to the point where I can’t sleep. + +My mum also has finance on her car that costs £250 a month. This car has sat on the driveway since early September unused, because she can’t afford to get the wheel fixed. I’ve paid to get the wheel fixed so it’s driveable, but the battery is now flat and I refuse to pay to get it jump started. She’s missed 2/3 finance payments on this car, and her credit score is destroyed. + +I’ve suggested looking for a new, cheaper house more in her price range, but she refuses to budge and won’t pass the credit check. I’m only 19, and don’t have enough credit to pass the credit checks either. + +I’ve also found out recently that I’m pregnant, so I was prepared to hand back my car and get one much cheaper as I’ll be 100% on my own. + +Please give me some sort of advice, I don’t know what to do and I’m close to a nervous breakdown. +Good morning, here's my watch list + +Gap Ups: AAPL, AMD, BLPH, BYND, CODX, FB, JNJ, MEIP, NVDA, MRNA, ROKU, SHOP, TDOC, TSLA, ZM + +Gap downs: DKS, CORR + +Day 2 Plays: BMRA, NUGT, PTON + +Markets gapping up today and most stocks are gapping with it. SPY nearest resistance around 290. Big tech had a good day yesterday and the qqq broke over the 200 DMA and is now gapping into the 50 DMA, well have to see if this fades off at the open or pushes higher. Most of the time big gaps fade at open before pushing higher, the last few gaps have held though. Looks like this is buying before earnings which will happen next week. Only take trades with defined reward to risk. Always have an exit planned before entering trades in case price moves against you as well as targets to lock in some gains. Good luck trading +Long time lurker of this sub. Just a little bit of a background... + +I come from a working class family where not one intermediate family member has gone to college. Upon graduation from High School, I was pressured by my parents to not attend college and to pursue a blue-collar job just like my brother and sister. They believed that I would do just fine with just a decent job and didn't like the risk I was taking with college. + +I told them I didn't want a decent job. Now... I am aware that you can get a good job without a degree but that's besides the point. My parents were unable to help with any financial contribution to my tuition and I absolutely refused to take out any loans because of the financial burden it would have on my future after graduation. + +In order to make this work, I ended up commuting to my college for my first 2 years. My 3rd year I lived in a 2 bedroom apartment on the edge of campus and this year (final year) I live in a 3 bedroom apartment on the edge of campus. + +Commuting obviously saved me a ton of money because of the rent aspect so my parents did end up helping me there. + +I ended up working about 30 hours a week since the start of my freshman year of college until recently where I picked up a 2nd job upping my hours to around 50 hours a week. Note that this was maintaining a full-time schedule with school. Tuition was about 4.5k per semester and I took a few summer classes which ranged from 1-3k per summer for 3 summers. + +During this recent Summer (2015), I pursued two study abroad programs through my University. I ended up applying for a large amount of scholarships to help out for this which cut the cost down to about 1/3. Before the trip...my junker of a car broke down and it wasn't worth getting it fixed so I bought a newer ish car for around 11k out of pocket. + +I lived sort of frugally throughout these last 4 years to be able to accomplish all of this and I consistently applied for scholarships throughout all 4 years as well. Scholarships took about half of the cost down for my tuition expenses. + +TL;DR - Worked my ass off, applied for scholarships, kicked my college tuition's ass. + +EDIT 1: Addressing some questions and concerns from the comments... I double major in Entrepreneurship and Marketing. I currently go to an in-state University. With my job that I had through all of college, I was able to do a lot of my emailing and research on slow days and I took a 1-2 online classes along with classes on campus. My 2nd job that I picked up for my senior year was a bouncer job (security) at a local college bar where the hours were 3rd shift so it cut into my sleep schedule but it gave me a secondary source of income. + +EDIT 2: I just turned 22 as well. Some people are questioning my field of study as well as the University I currently attend because it wasn't expensive and prestigious. I have job offers lined up and am working with a job coach that is guiding me to phenomenal employers. For the spring of 2016, I landed an unpaid internship at a federal level in a nearby location. They are working me a minimum of 18hours per week which cuts heavily into my current workload and time. I know I am taking a huge risk with the "unpaid' factor and my time but this will make my resume look very strong. + +EDIT 3: The feedback here is overwhelming and I wish I can show you guys how much I appreciate the positive comments. I have been following this sub reddit now for quite awhile now and every story or piece of advice submitted on this sub has helped me and is helpful to others. Again, thank you so much for the positive feedback! Happy holidays! +Looking to buy a new place before the end of the year (got a newborn coming). We have a good deposit and the market is in a decent place to buy. + +Do we drop $850-900k on a small townhouse and then sell and upgrade in 8-10 years in our most ideal area? Probably 2br, 1 bath. + +Or otherwise, but a house in our less than ideal area and be able to potentially live in it for 10+ years? Also have more room. 3br, 2 bath. + +My wife is close to primary income earner and will not be earning anything (besides government money) for a full year. So the first year or so will be a struggle. + +But is the market in a good enough place to buy now compared to 8 years from now? + +Looking for thoughts/ advice, ask me any questions and I'll answer them as best I can as well. + +Thanks guys. +Hi everyone + +I may end up sounding like a complete dick but let's hope not + +I'm 19 and working in an office in Manchester with fab people. I love what I do (it's basic admin but the people I spend my days with are awesome and that's a big part for me). + +I was an apprentice for a year making £10k and now that I've secured full time admin work with them I got a raise to £18k. + +I also want to progress my education and hopefully become more than just admin in future and my boss agreed and thinks I'm capable. He offered to assist in paying for my tuition (it's not a degree - it's a specialised work qualification) and has spent nearly three thousand pounds on my enrolment and course materials. Whether there are deductions from my salary because of this, I don't know. It's not clear on my payslips and I don't care to ask because it doesn't bother me if that's the case. + +Would it be an absolute pisstake after all he's done for me to ask to join the work pension? I just want to start saving for retirement and I'm a serial spender so locking my money away appeals. + +Should I just get a SIPP instead and forget about the extra contribution? What do you think? + +Thanks +On the surface level it shouldn’t change anything. But curious for any new perspective and insights. TIA! + +**Edit 1:** It’s smart to plan for none but I know many people count on it. I always planned on zero. + +**Edit 2:** Even if your parents leave you nothing it doesn’t reflect on their level of love or care. It’s just life circumstance so it’s important to keep it separate. + +**Edit 3:** Also this isn’t about feeling entitled. I lost my dad when I was a teenager so not only do I get nothing, I had to help pay for my mom and sisters living expenses for a while. I will also probably have to pay for my moms elder care so I factored that into my fire goal. +For years I never had a dishwasher. Thought they were extravagant and unnecessary. Last year, with me and my wife both working and with 2 young kids, we gave in and bought one. + +It's revolutionary, saves us at least 20 minutes every evening of that precious quiet time after the kids have gone to bed that was previously spent doing dishes. + +Which makes me wonder, are there any similar purchases we're missing out on because we're too focused on budget and frugality? +Hi. +I have read many posts here where people say the nifty is expensive basis PE and future returns will probably be low. + +But this blog says otherwise + + +https://www.capitalmind.in/2020/03/charts-the-p-e-of-the-nifty-50-is-close-to-a-five-year-low/ + +Given the fact that I have moved to an index based portfolio, this is encouraging if true. + + Is the nifty still expensive as per your calculations? If yes, why does this blog say otherwise? + [https://www.livemint.com/mutual-fund/mf-news/why-it-s-a-myth-to-say-that-equity-is-safe-in-long-term-1562653481120.html](https://www.livemint.com/mutual-fund/mf-news/why-it-s-a-myth-to-say-that-equity-is-safe-in-long-term-1562653481120.html) + +&#x200B; + +Read this, and as someone who has recently started putting in my savings as SIP into Nifty 50, and plan to do so for the next 15-20 years for my retirement savings, this is giving me some worry. + +Thoughts? +Please check the entire performance graph of [HDFC Liquid Growth Direct Plan](https://kuvera.in/explore/hdfc-liquid-growth--LFGT-GR) and [Edelweiss Liquid Growth Direct Plan](https://kuvera.in/explore/edelweiss-liquid-growth--EDILD1-GR). For HDFC, the NAV skyrocketed during August 2015. For Edelweiss, the NAV drastically increased during June 2017. The NAVs multiplied almost 100-fold in the matter of days. Is there any specific reason as to why something like this would happen ? +For the first time in my life, I have kept $300 in my account by my next paycheck multi weeks in a row (4).Hard af with a 5 year old but man, the way it makes me feel waking up and seein enough money to make it through the Day! +Its a work in progress but im working on it. +How did everyone like [journal day](http://www.reddit.com/r/Economics/comments/1qyhi9/mod_experiment_today_is_journal_day/)? + +[Here](http://i.imgur.com/4uWafcA.png) are our activity statistics (reddit is still calculating subscriptions). Note that this is based on UTC (London time), while "journal day" was midnight-midnight from the East Coast of the US. So it's about 7 hours off. + +Overall, yesterday we had 5,913 unique IPs viewing r/economics (compared to the median of 6,451), and 20,571 pageviews (compared to the median of 15,897). So pretty typical, statistically indistinguishable from the average day. + +I'll post some further thoughts as a comment, and am interested in hearing every one else's opinions as well. + +I'm sorry if this isn't the best subreddit for this, if you know of anywhere else you think this would fit better, please let me know. + +So, very soon (probably 1-2 weeks), I'm going to be completely on my own. I'm in North Carolina (Clayton area). I'm 19, don't have a job or car. College is a possibility at some point, but I'm not focusing on it right now. I only have about $400 in savings. Yes, it's a messy situation and I'm not really sure how I'm gonna get out of it. It's partially my own fault, partially not, but I'm going to work hard to get myself out of it and get better. + +What I'm wondering is, simply put, *how the hell do I do this?* Because I have at least a week, I have time to get a job and housing before I'm on my own. What I'm asking specifically is: + +-How do I get a job, and what kinds of jobs should I try to get, having nothing more than a high school diploma? I don't mind working basically anything, including nighttime jobs. I just need something that will pay rent. + +-What kind of housing can/should I get? I don't have any method of transportation other than a bike, so I'd probably have to focus on public transit unless my job and home were close. + +-*How* do I get housing? How can I drop money for security and everything with only $400? Is there any way I could get some kind of loan or something? I don't mind basically any living situation, I just need somewhere to sleep. + +Has anyone else been in a similar situation before? If so, how did you manage? Any tips or anything? I really know nothing about living on my own and I don't want to become homeless. Living with family isn't a possibility here. + +I'm sorry if this is a bit of a rambly mess, I don't have much time to figure things out so I'm quite stressed. +# All of you should know about the Tale of Caged Grandma but for those of you who don't... + +On Monday June 14, 2021, Grandma was [wrongfully imprisoned](https://www.reddit.com/r/Superstonk/comments/o03opp/grandma_stays_locked_in_the_cage_until_dtc2021005/). There was no due process. Her captivity is illegal, unjustified, unethical, and immoral. + +[LOCKED UP!](https://preview.redd.it/gqtf6ssj97g91.jpg?width=450&format=pjpg&auto=webp&s=9fcf148a6f8f4cee07f1c3e679016ea8a11e34f9) + +# Many of us opposed it. Members of the community PLEADED with these jailers... + +https://preview.redd.it/lnehk0ko97g91.jpg?width=380&format=pjpg&auto=webp&s=a1050f68dca0a7bdc8f368a0b0395e3421be0a5d + +# Then u/JohnstonT94 [released](https://www.reddit.com/r/Superstonk/comments/o0p053/grandma_has_been_released/) Grandma on the same day! Hooray! + +[FREE AT LAST!](https://preview.redd.it/q37mbl7p97g91.jpg?width=450&format=pjpg&auto=webp&s=fe533f71da711b436856a505ed67c8fc3c15ebb7) + +# But then she was [locked right back up!](https://www.reddit.com/r/Superstonk/comments/o0nvgc/nice_try_dtcc_shes_staying_in_until_i_see_citadel/) + +[Oh no!](https://preview.redd.it/bfj62qbq97g91.jpg?width=450&format=pjpg&auto=webp&s=223e00b1f15ed8c2c5d31fc35e46bd05a38de4b8) + +# And then on and off thru the months, Grandma was imprisoned and let go; the majority of this time behind that cage. + +We made some noise, but never enough to get her free. We tried over and over to convince them to let her go! + +[A+ commentary](https://preview.redd.it/q6y444wr97g91.jpg?width=417&format=pjpg&auto=webp&s=9848920027af75dbaa9075140702c18fa608297a) + +After seeing the weight of the torture inside her cell (they did not allow her to bake any cookies \*GASP\*) it was evident that no amount of reasoning could convince these monsters to free Grandma. + +I had never met this woman before in my life. She’s not my Grandma. But she’s someone’s Grandma! And she's gotta be free! It's the principle, dammit! I couldn't get over the thought that maybe, just maybe, I needed to do something about it... + +# And then magically, Ryan Cohen asked this question and it got me thinking... + +[brilliant!](https://preview.redd.it/b6x8v5zs97g91.png?width=405&format=png&auto=webp&s=ef93ecc35ff0b34a52ee401ab482757f96ddc473) + +# With no end in sight, I did the only thing I could do: I went on a super-secret-totally-awesome-dangerous mission to FREE GRANDMA FROM HER PRISON that totally happened and definitely didn’t not happen. + +https://preview.redd.it/99deai8u97g91.jpg?width=946&format=pjpg&auto=webp&s=7b0a38e69b8bfe129184543182f2fb4094859b45 + +# Yea so basically I did some stuff and broke into places and... + +https://reddit.com/link/wigz6j/video/fsakqejw97g91/player + +# ...yea...I FREED GRANDMA! HOORAY! + +After the coast was clear, she said she wanted to stop at her favorite National Food Chain Establishment Place^(TM) because she was super hungry from being caged like that. + +I told her to look it up on Google Maps because I wasn’t familiar with the area. She said: + +# “Just drive, BuzzFart. I’ll tell ya when to turn.” + +...I coomed on the spot. + +Anyway we went to the restaurant, we ate the food, and then she was like, *“I wanna go shoot some paintballs!”* + +So we shot some paintballs. + +[Get 'em Grandma! Pew Pew!](https://preview.redd.it/qtuo98ky97g91.jpg?width=480&format=pjpg&auto=webp&s=943e8fcdb706b328ef53a96e36d0c5848a58ce6a) + +# Grandma was a hound! She shot some kid in the bootyhole because he called her frail! He fell to the ground for a bit and was wincing but then it got weird cuz he moaned and I think he might’ve liked it--maybe he started puberty or something idk man, teenagers lol. + +https://preview.redd.it/bntvuun6wag91.jpg?width=798&format=pjpg&auto=webp&s=11e52de0366b55f843fdabf803e85042cd9073c3 + +Grandma got really injured at one point and we had to put her in a wheelchair for the rest of the time. Everyone felt bad shooting at her. Grandma gave no fucks though. She was having a blast shooting at them from the comfort of her wheelchair lmayo! + +# After paintball, Grandma insisted that we go and bake her world famous cookies, which she had very much missed when she couldn’t bake them in captivity. + +[So good! Yummy yummy!](https://preview.redd.it/9nypqr41a7g91.jpg?width=612&format=pjpg&auto=webp&s=fcc049ff9cd1f0c4e3049d03aac88246b30228e3) + +I asked Grandma why the cookies were burnt since I wasn’t used to that. Grandma explained: + +# “Ain’t nothin’ makes ya tougher than carcinogens. They build character.” + +*I’m not a scientist, so I couldn’t refute what she said. But something deep down explained to me why Grandma was locked up in the first place. But I couldn’t put my finger on it...* + +# Then the post-cookie paranoia started to settle in... + +She was suspecting that we wouldn’t be able to stay here long. She said she didn’t have any more money because she accidentally lost it in an online scam involving who she thought was the ghost of Betty White (RIP, we love you Betty<3). + +I told her I didn’t have any either because all my cash was tied up in GME \*finger guns\*. + +# Times were tough and we needed quick cash. In this day and age, sometimes the best way is through OnlyFans. + +When I brought this up to Grandma, this is what she had to say... + +[\\"It's gorgeous!\\"](https://reddit.com/link/wigz6j/video/qb3m7s22a7g91/player) + +# This is when things got dicey! The bad guys were closing in! + +I got a tip from my super-secret-cooperator (I ain't no snitch!) that the bad guys were on the way to take Grandma and kill me! Oh no! We need to GO! + +So we went on the run! + +I grabbed her wheelchair and started out the door! + +She said stop and pointed at the closet on the way out. + +# “In there! Grab the bag!” + +Grandma had a bug-out bag. Amazing. + +We got to her car in the driveway and she yells: + +# “Oh shit! We forgot the cookies!” + +# “Grandma, no! We gotta leave the cookies!” + +# “You can get the shovel and start digging your own grave if you wanna waste Grandma's cookies!” + +*(Did she just refer to herself as Grandma in the third person wtf?)* + +I looked her in the eye. She was serious. + +# So I went back for the cookies. + +I was barely gone...but in that small window of time, + +# the most unimaginable thing happened... + +&#x200B; + +# WARNING: GRAPHIC CONTENT. + +https://reddit.com/link/wigz6j/video/xzzlind3a7g91/player + +[Oh sweet Neptune...](https://i.redd.it/jhhdwv9bi7g91.gif) + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/3c287g74a7g91.jpg?width=400&format=pjpg&auto=webp&s=9822f18a82f41dc86d5fa7de44a49c15e5085072 + +# I don’t know what else to say besides I’m sorry. I killed Grandma. The mission was a failure. And a badass woman is now lost to the dust of time. I’m so deeply sorry for anyone this has affected... + +https://i.redd.it/etsuorpni7g91.gif + +&#x200B; + +# LOL [SIKE](https://www.urbandictionary.com/define.php?term=Sike)! + +# After she got out of the hospital for minor injuries and internal bleeding, she went back to say hello to her old friends at the retirement community. This is the video they made: + +https://reddit.com/link/wigz6j/video/q1fatug8a7g91/player + +Afterwards I got to play a bunch of bingo with everyone and then we said our goodbyes. It was a fun adventure and I’m glad I freed Grandma. She is now with her friends and loved ones and she gets to bake all the cookies her heart desires. + +# Grandma, I want you to know you’ll always be in our hearts, and in my GameStop [NFT wallet](https://nft.gamestop.com/token/0x8e490c20d8c28d14a0012028968f018c23920359/0xecfdfa218c56088915c74b4a7eac29a5066868abc289d5bf4ec01a81367740ab) (thanks to [u/Salt\_Crow\_5249](https://www.reddit.com/user/Salt_Crow_5249/) aka OrdinaryAdam). Thank you for your sacrifices while inside that jail. You have been missed. Now go and live your best life, Grandma! + +&#x200B; + +# THE END + +Thank you for coming to my SHITxPOST. +From Bloomberg this morning: + +**U.S. Weighs Selling 50- and 100-Year Bonds After Yields Plummet** +[https://bloom.bg/33EfAaB](https://bloom.bg/33EfAaB) + +Should make for an interesting bond ladder in 2021. +Long story short there's OpenSea Collection named "Ghozaly Everyday" + +[https://opensea.io/collection/ghozali-everyday](https://opensea.io/collection/ghozali-everyday) + +Which contains photo of literally him sitting behind the computer from 18 to 22 years old ( 2017 - 2021 ). + +Surprisingly there's a lot of demand and buyers which generate a lots of trading volume up to 29.2ETH !! + +[Ghozali Everyday](https://preview.redd.it/l3gqo20xz9b81.png?width=846&format=png&auto=webp&s=b1001379d67c6ed19267bb4cdb57bb49b44878a2) + +Its Insane something so simple could generate a lots of money, also if you look his twitter there's a lot of story or lore behind the photos l + +[Lore](https://preview.redd.it/hvz9hc4zz9b81.png?width=609&format=png&auto=webp&s=5d4753a282d982129e2e697b1458c125cf36ac2c) + +&#x200B; + +Edit : 40.8 ETH volume traded now, and floor keeps rising ! + +i dunno people too dumb or too smart for this space. + +&#x200B; + +Edit 2 : Holy shit this things blew up made Polygon Network down lmao + +[Polygon Down](https://preview.redd.it/vvnkmq020ab81.png?width=1488&format=png&auto=webp&s=ef1f9443672a36a2617eecf1ceff9dce1819548a) + +&#x200B; + +Edit 3 : This things really blew up rofl mainstream media already reporting here and there, and by the looks of it Ghozali himself will be invited to Corbuzier podcast (Discount Joe Rogan Podcast in Indonesia, really popular in here). + +&#x200B; + +Edit 4 : Timeline of his photos + +[https://www.youtube.com/watch?v=AGq4gPphgJw](https://www.youtube.com/watch?v=AGq4gPphgJw) +With all the recent "gamestop reddit" posts I wondered what r slash gamestop was doing + +R slash gamestop is an employee subreddit where they can discuss the company, publicly complain about issues or concerns, communicate with other employees, ask questions and get help, etc. + +But it's totally filled with ppl quitting or complaining about no customers. Totally opposite sentiment from what I see here (and here we get picture proof of lineups down the street). + +Is the other subreddit all fake? How can the vast majority of these employees hate the company and the entire subreddit worship quitting (aka promoting themselves to customer) + +Seems so sus to me. Anyways, I hadn't seen anyone else talk about that subreddit but wanted to offer a discussion on it. + +Edit: Thx for the responses. Seems like consensus is that retail sucks, gamestop or otherwise, and the ppl who suffer in retail are more likely to complain about it - which paints an accurate picture of that sub. +[The ASX long-term investment report](https://www.asx.com.au/documents/research/russell-asx-long-term-investing-report-2018.pdf) shows property outperforming all asset classes over 10 and 20 years. Aust shares look ok over 20 years, but still give up nearly 2% of returns per annum. Pretty interesting read +I recently posted about my wedding show business getting shut down because of the current health crisis. Thanks to everyone’s (mostly everyone’s) comments and kind gestures I am now back on my feet and feeling great. + +I’m in the process of starting a new business selling T-Shirts to raise money for the NHS and earn the money lost from my old business. The business is joint with my 10 year old daughter who was interesting in raising money to help, the designs we do together and at the same time I am teaching her how to start and run a business. + +I was certainly in a bad place not so long ago and had thoughts I’d never think I’d ever have, to know that others are out there and the support I received really helped me through to the other side. Obviously I’m still struggling financially and the loss of my life savings is a huge disappointment but I’m hoping this new idea will get me back on track. + +So, to all your redditers out there, thank you, you really did save my life. + +I’ll keep you all posted on how the business is going and what you have helped me achieve. + +JUST TO CLARIFY +- 100% of the profits from the supporting design t shirts are going directly to the nhs. +- we have a separate line of designs which are not related. + +Maybe you’ve heard of Dogebonk ($DOBO) Maybe you haven’t. + +This coin is a sleeping giant that has proven itself beyond doubt now to not be scam/get rich quick coin. + +Support has grown with more than 40,000 holders, despite currently sitting at just 10% of its ATH. When Altcoin season comes back around, this coin is well positioned to soar in the same way $Shib did last summer. Don’t miss out because when this coin hits one of the big CEX (work is well progressed on this) it will fly. + +Established in the middle of last year, it sets out to be the only memecoin with actual memes. It’s liquidity is locked 🔒Ownership has been renounced ✍️and the contract has been audited 📋. See www.dogebonk.com for details. + +Dogebonk has active development with the latest project being www.memetools.app 📱which allows new, small marketcap coins to gain attention before the likes of coinmarketcap or coingecko. + +In addition, the Dogebonk community keeps coming up with incredible marketing stunts including being the first crypto in space 🪐, advertising on Times Square 🏙 billboards and creating the SXSW x DOBO film festival 🎬. + +Available on PancakeSwap, ChangeNow, StealthX and Rubic. Full details on www.dogebonk.com + +Get bonked at r/dogebonk +This sub opened my eyes that financial independence and early retirement are possible. We don't HAVE to work until 65 then retire. I'm saving more money without feeling any adjustments to my lifestyle. I'm 30 years old in NYC with about $100k in my retirement account (no real estate or other investments, renter without car). If I simply continue along without any changes, I would have about $1.2m when I'm 50 assuming a 7% annual return rate in the market. Logically, I'm doing better than ever thanks to this sub and I'm grateful. Emotionally, however, it's been quite messy. + +I sometimes get this huge ping of regret of not investing more, especially when reminded that the index returned almost over 15% annually for the last few years. Then I fall down a rabbit hole. I start thinking about how if I followed this sub earlier and were more aggressive about having a high savings rate, I could have double the amount of what I have in my retirement account. Then I start thinking about how that balloons into hundreds of thousands 20 years later, and that somehow turns into I already costed myself hundreds of thousands of dollars. + +I also sometimes worry about future expenses. I have 2 years of living expense in savings account that also counts as potential down payment (even a crappy fix-upper costs over $700k, the joys of NYC...). Logically speaking, I'm in a good place. But then concerns about future potential expenses (home, car, wedding, kid?) lingers in my head and I worry that my financial situation could deteriorate rapidly. + +There are also times when I get weirdly fixated on my FI age. Some days, I'm grateful that because of this sub, I can achieve financial independence at least 15 years before the standard retirement age of 65. But then there are other days when I feel like I should do more to achieve FI sooner, especially seeing how so many people achieved their number when they are just 35 or 40 years old. + +Any suggestions on how to improve my current situation of doing better but feeling worse? +Throwaway account. Would like advice on my situation from people who have been in similar. + +We’re in our early thirties and newly married. No kids, but plan on it within 2-3 years. We currently make $250k combined and live in a HCOL city in the US, paying ~7k/month for rent (over half our take home pay, but we cognitively made this decision). Don’t have many expensive hobbies currently, but we’re realistic that we’ll have lifestyle inflation. + +We currently have ~$11M (post tax when liquid) in illiquid assets, with liquidity event happening within 2 years. We have cash/investments totaling ~$1.5M. + +We’re at the crossroads on whether to continue working for $250k salary + $1M stock per year (same illiquid asset as mentioned above), or leaving our jobs. These numbers are gross of taxes. + +There are a few factors here: financial, personal, and professional. + +Financial: I realize how fortunate we are to be in this position. The $1.25M per year is “guaranteed” and very safe. We could increase our NW by that much more and contribute to setting ourselves (and family) up for life. + +Personal: We’re in our “prime” years (depending how you define it) and want to travel, pursue hobbies, and live carefree until we settle down and have a family. + +Professional: We enjoy our jobs 7/10, but they’re extremely demanding and stressful. Another option is to leave the current “safe” yet demanding/stressful job to join a much smaller company with a larger role. Lower comp, but expanded professional experience and potentially higher comp with stock appreciation - risk / reward game. + +Would greatly appreciate people’s thoughts here. + + + +What are you reading that centers around finance/markets/business. + +Let's skip the normal stuff everyone recommends on here (a random walk, intelligent investor, one up wallstreet), we've all read them and/or have reasons we haven't. + +[I just picked up Industries of the Future by Alec Ross]( http://www.amazon.com/The-Industries-Future-Alec-Ross/dp/1476753652) + +After that I was planning on digging into [Irrational Exuberance by Robert Shiller](http://www.amazon.com/Irrational-Exuberance-Robert-J-Shiller/dp/0767923634) + +What are you reading that is shaping your opinion of markets? +I know for sake of security it's best to diversify your portfolio to help avoid huge losses. But I was using a dividend tracking tool and I found that with the same amount I have invested currently, if I concentrated it into only 2 stocks (MO and KO) I would almost double my current yearly dividends and in a 25 year time period go from a 30k portfolio to 129k. So, knowing long term I most likely would regret this, how bad of an idea would it be to do something like this short term to try and build a strong foundation, and then over time diversify to keep what I've gained? + +Edit: by 30k to 129k I mean in 25 years my current portfolio will be worth 30k with nothing but drip added and the 2 stock portfolio would be worth 129k with nothing but drip added. +For an average person, is it better for him/her to avoid starting a business or doing rental if he/she know dividend investing? I invested in dividend stock for almost two years and never stopped learning. I found some great honest YouTuber doing real estate rental for 12% annual return(without calculate the work he put in ) meanwhile People can just click a button and buy dividend stock then the income will come, the discount is much more easier to find than a house. Even starting a business doesn’t really make sense to me now, what’s the possibility that my business is gonna be more stable and profitable than JNJ/AAPL? Please share some of your opinion. +I am 20 years old college student and I am just starting my dividends portfolio. My current plan is buying $50 worth of individual stocks and $50 of ETFs a week, reinvesting the dividends, and repeating for the next 25 or so years. + +Of the stocks, I am looking at AAPL, MSFT, PEP, O, JNJ, and KO (Mostly companies I see with a long future mixed with tech for growth) + +for ETFs I’m buying VOO, VTI, SCHD. + +I know it is encouraged to stick to mostly growth stocks because of my age but I’m really set on snowballing this thing early. I am also planning on adding F and TSLA for the long run and wanted thoughts on that. Thanks +I currently have a dividend portfolio that I’m looking to grow. And have a few questions about percentage allocation and tax sheltering. My current portfolio is 50% VTI, 25% DIA, 15% VYM, and 10% SPHD and is currently all within my Robinhood account. I want to get money into a Roth IRA but don’t have a job yet. My understanding is that Robinhood is not tax sheltered while a Roth IRA is tax free after putting money inside of it. Would really appreciate thoughts and critiques. +Furthermore, timing the market is impossible. There is no way to determine whether this is the last opportunity to buy under 20k, or if there will be a future opportunity to buy at a much lower price. + +If BTC is going to 🌙 , what’s important is getting in anywhere in this price range. Don’t wait to buy your seat on the 🚀 because 🎫 might be a little cheaper next month, you might miss the launch. +**Disclaimer:** I got in at $0.705. As usual, by the time you look at this post, if the price has run up a quite a bit, please please avoid FOMO. No matter how good the company is, it's just not worth it. However, if it doesn't pop tomorrow, I'm buying more. + +TL;DR - no fancy catchy things here. I love what they do (I'm biased that brokers will be absolutely killing it this year), how they do it (I use them for trading), and how fast they are growing. + +&#x200B; + +I believe that SelfWealth will have great performance this year, and expect the share price to jump accordingly when the reports come out. Now, Superhero is a real threat, and could be an even more lucrative investment once they IPO (depending on which price they IPO at). However, that does not change the fact that SelfWealth has been having great year, and will continue to do so. + +&#x200B; + +**What is SelfWealth?** + +Established in 2012, the one of the cheapest Australian owned brokers for trading shares under your **own HIN number** (Superhero is available to provide $5 flat brokerage using a different model). I would be surprised that if you are reading this, and haven't come across them before. + +&#x200B; + +**Value proposition** + +Unlike some other DDs I've done, this one is extremely straight forward. Brokers and trading platforms are one of the biggest beneficiaries of quantitative easing, increasing property price, and people's gambling addiction. + +My view is that quantitative easing is not going away anytime soon, and there is an asset inflation, which is only accelerating every day. This works wonders for these guys who make money off increased trading activities. + +Firstly, there is a lot more extra cash in the economy, and some of it definitely makes it into the share market. + +Secondly, due to the record low interest rate, and due to dollar devaluation/asset inflation people want to invest in assets rather than holding it in savings. + +Lastly, when the house price rises, again coupled with the record low interest rate, people tend to refinance and draw against equity. Some lucky people with enough money may put it into an investment property. People without enough money or who just think that the stock market will outperform the property market tend to buy shares. + +Also, it's my view that Coronavirus is not going away anytime soon, and we will continue to spend extended time at home, and look for indoor entertainments. I'm a share trading addict myself, and firmly believe that it's one of the top indoor activity people turn to these days. + +&#x200B; + +**Insane growth** + +Don't take my word for it. Just have a look at the following graphs to see their recent explosive growth. + + +https://preview.redd.it/rhwslxz8i8i61.png?width=702&format=png&auto=webp&s=4b6d0507c8133587e0b9287e96f1a34e6918b568 + +https://preview.redd.it/yee8q0jbi8i61.png?width=659&format=png&auto=webp&s=bbe8ab7146e0ad90c506d5657f6dd48f628e6fe7 + +https://preview.redd.it/dxo046vci8i61.png?width=678&format=png&auto=webp&s=1efb7ae46e8c046bd130fcc1ac865bf864a178b8 + + +And I expect that we will have another boost in the activities now that SelfWealth have finally introduced long **awaited iPhone and Android apps, and US market trading**. + +It should be noted that it's current net profit is minus probably because they seem to have been spending money on share repurchases (please let me know if I'm wrong). + +&#x200B; + +**Can it beat the competition?** + +In Australia, we surprisingly don't have too many competitive brokers. Now, SelfWealth does not have a special competitive, but that's same for pretty much all the brokers. They simply compete on the fees and features. +With those, there are 2 threats. + + +1. **Banks start lowering their fees.** People love some of those platforms (CommSec and NabTrade come to mind), but they charge a little too much. A lot of people end up using their tools for research and use cheaper brokers for the actual execution. However, looking at how much they have been against lowering their fees for years, I don't think this will happen any time soon. +2. **Superhero** and possibly other new cheaper players entering. It is a real threat that SelfWealth needs to deal with, and something you need to keep in mind if you decide to invest in SelfWealth. I wonder if SelfWealth will try to take the same business model as Superhero, but it's hard to tell at this point. It's probably not happening any time soon. + +However, I think that SelfWealth is pretty well positioned at the moment, and there is no need to worry for a while. However, the market could become more competitive like US, so we need to keep checking the market environment. + +&#x200B; + +**Financial** + + + +TL;DR - Although they were never really in a bad situation, 2018 and 2019 weren't good years for them. However, they absolutely turned it around in 2020, and like I said, I think 2021 is a great year for the industry. + +https://preview.redd.it/hmgf2xect8i61.png?width=667&format=png&auto=webp&s=623a989d8454822b497b04b55c1b7ad89722789d + +What we see here is accelerating revenue, along with proportionately increasing cost of revenue. It's natural as their operational cost grows with the operations size. + +&#x200B; + +https://preview.redd.it/798n0ajet8i61.png?width=673&format=png&auto=webp&s=db2c9577a78cb686bc5aa22c2862b8d63fa2337e + +The balance sheet is looking healthy. Assets to liabilities ratio look healthy and the recent change in stockholders' equity looks healthy too. + +&#x200B; + +https://preview.redd.it/yy1tpgwft8i61.png?width=664&format=png&auto=webp&s=22eef65c974f815ac6cdde8961b340a8f5d6ab8a + +Their net cash from operating activities have been increasing which means they are headed in the right direction. Their cashflow has been increasing at the same time, and now they sit on comfortable amount of cash. + +&#x200B; + +https://preview.redd.it/c7nvk7sht8i61.png?width=383&format=png&auto=webp&s=c27e79de2a081fb9c2e5909a696de4e23bee4bf9 + +Large number of shares are currently held by insiders, which is always a good sign. + +&#x200B; + +**Management** + +As far as start-up management goes, there is no superstar here. No big names, once head of multinational corps, fancy portfolio of successful start-ups or anything. Just average overachieving go-getters🙂. +TL;DR - definitely a long term play, but I think the possible gain is unparalleled (with a bit of exaggeration of course). It's both a cement industry CO2 play, and EV play. Also, there is a great DD by someone else. Definitely give it a read. [https://www.reddit.com/r/ASX\_Bets/comments/lj01o9/my\_first\_dd\_calix\_asxcxl/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/lj01o9/my_first_dd_calix_asxcxl/?utm_source=share&utm_medium=web2x&context=3) + +Calix is a science/technology company that has developed a patented kiln technology ('Calix Flash Calciner') to process and extract minerals. All their businesses leverage this technology. + +In the simplest terms, they have a **patented calciner** that processes minerals via indirect heating rather than traditional direct heating. + +https://preview.redd.it/0t1gt1b6arh61.png?width=581&format=png&auto=webp&s=d7c2566785a234299639824e5b2ac3bb17da90a7 + +It sounds so simple, but the devil's in the details and the money's in the implementation. + +&#x200B; + +**So what's the difference?** + +With the traditional Kiln (furnace) technology, you put all the stuff you want to heat up, put fuel in there, and light up a match. Now, **instead of putting fuel and stuff together** in one vessel, Calix separates them. **Fuel goes to to the outside** the big steel tube. **Material goes inside the tube.** + +As soon as you separate them, you can control the purity better. Half the weight of limestone is from CO2 trapped in the limestone. As soon as you separate them, the CO2 comes out as a pure stream. + +&#x200B; + +**What's the market opportunity?** + +Their main competing technology is chemical absorption system, which is very expensive (energy and capital). Calix's technology is deceptively simple and slips nicely into the existing system. + + +* **CO2 reduction. Mainly in cement industry.** + +The project name is Low Emissions Intensity Lime and Cement ("LEILAC"). LEILAC-2 commercial demonstration scale project is underway. LEILAC is supported with 12m euro from EU research funds and involves a consortium that includes industrial heavyweights, HeidelbergCement, Cemex, Lhoist and Tarmac. Seriously, \*\*these players are huge.\*\* + +Cement is the second most consumed substance on Earth after water and the cement industry accounts for around 5% of global CO2 emissions. + +Calix will provide the solution to the industry rather than one cement company, and arrange licensing type of arrangement **per CO2**, and also provide engineering consulting. If you consider that well over 2 billion tonnes of CO2 are produced directly from limestone every year, you get the feeling of total addressable market. + +Intensives in EU to decarbonise are substantial. With Joe Biden in US, the future looks even greener. + +&#x200B; + +* **Lithium-ion battery material development program.** + +Li-ion battery market has grown very quickly and predicted to accelerate due to electric vehicle adoption. This program is about developing a good material (manganese) for Li-ion battery cathode. The cathode is the most expensive component of the battery and determines the capacity and voltage of the battery. + +[https://www.calix.global/creating-renewable-energy/calixs-advanced-battery-material-development-program](https://www.calix.global/creating-renewable-energy/calixs-advanced-battery-material-development-program)/ + +Definitely worth a read, but for TL;DR - in a nutshell, Calix's technology is great at creating good porosity in manganese. Good porosity is important for lithium ions to move in and out of the cathode. + +In case you weren't aware, at "battery day" event in September 2020, **Tesla** announced a move away from cobalt in favour of manganese and nickel. + +&#x200B; + +**So, rocketship tomorrow?** + +Not so fast. LEILAC-2 is a commercial demonstration, and the commercial plant won't be ready till 2024. And they are having license discussions now. Due to the size of deals, cement and lime companies need to start know and securing the value of licenses. The CEO says that it will happen this year. + +Meanwhile, they will be monetising their R & D with other projects, and are asking to keep an eye out on the revenues and gross margin, as they are confident in their ability to monetise. + +Also, their half-cell tests of Calix's LMO's at Deakin University have outperformed commercial benchmark LMO's and LFP's and is in the mix of some high performing lab LMO's reported in the open literature. The CEO also says that, they will be doing the full-cell tests this year. + +&#x200B; + +**Is there anything that I should worry about?** + +Well, it's still early days. Until you have the final product, hand it over and receive tendies in return, you know your business isn't complete. + +Also, there was a recent sell down from the hedge fund Sculptor Capital Management. The market handled it really well (in fact, it didn't even flinch), and the CEO says that they came into the stock pre-IPO looking for a particular target, and now that the target has been achieved, they exited. + +&#x200B; + +**Financial stuff.** + +https://preview.redd.it/ujcshxudarh61.png?width=382&format=png&auto=webp&s=04f8fe780a411cdef95291677e8752d1c900c299 + +FY20 revenue was up 75%. However, do notice that they are still in their R & D phase. We will just have to wait and see if they can monetise as well as they claim. + +https://preview.redd.it/43qubhngarh61.png?width=391&format=png&auto=webp&s=3d9b1289b13a16753415cc86e7885e2fc3b143cc + +Quite a lot of shares are held by institutions and insiders. I personally consider that a good sign that shows commitment and trust in the company. + +Now, the thing that everyone is worried about when the company is burning money. What's the cash burn rate? What's the runway? + +https://preview.redd.it/arfxn5fiarh61.png?width=754&format=png&auto=webp&s=d7de83796649f9890abfba2738f79947966dbf0d + +They do have a very healthy revenue stream in terms of their revenue generating business and funding. I believe that the negative profit is coming from their reinvestment into R&D, which seems to be all under control. If I'm wrong on this, please point it out. + +&#x200B; + +**People factor.** + +Management: + + +* Phil Hodgson (Managing director and CEO) + +Brings his long experience in energy industry working in Shell for 14 years, and running his own consultancy for 6 years. Standard stuff. + + +* Mark Sceats (Executive Director and Chief Scientist) + +Founded Calix in 2005. He isn't a superstar, but a very solid scientist with a very long and successful career both in US and AUS. + + +* Darren Charles (CFO and Company Secretary) + +Previously CFO and Company Secretary of Seeker Wirless Pty Ltd, and **CFO and Executive Director of Altium Limited (ASX: ALU)**. In case, you don't know about Altium, it's a very solid software company although it had a very lacklustre year last year. + + +* Everyone else + +They are amazing. Standard stuff. + +&#x200B; + +**Wait, if there big deal is still in R&D, how do they make money?** + +They focus on: + +* Sales expansion in water treatment business through US and EU market entries and further sales expansion in ANZ and SE Asia. +* Commercialisation of crop protection product. +* Development of the technology platform pipeline. + +So, the revenue largely comes from the first 2 plus various funding from government and industry partners, and is reinvested for the big developments in the pipeline AND expansion of their revenue making business. + +I want to avoid the wall of text, so if you want all the details, please refer to [https://www.calix.global/wp-content/uploads/2020/10/Annual-report-2020\_v20.pdf](https://www.calix.global/wp-content/uploads/2020/10/Annual-report-2020_v20.pdf). From page 30, you can see the revenue breakdowns. + +Hey, pictures speak thousand words, so here's a picture anyway. They publish very good annual reports. + +https://preview.redd.it/zuwedjvjgrh61.png?width=690&format=png&auto=webp&s=721a56c3eecdce65b22e967957df5e2f26cf0172 + +https://preview.redd.it/6snrcwghgrh61.png?width=715&format=png&auto=webp&s=e68d6c0ec8646de0954dabe00f020f1645315241 +*Preface: I had this post saved on the 4th October (Chart 1). Didn't post because of the downward movement and Evergrande fears, I decided not to make a TA post at the time I thought was going to fail and I didn't have my money on the line (Chart 2). Now things have changed (Chart 3).* + +Alright folks, I've been looking up some TA (Technical Analysis. Full disclosure: I originally thought TA here meant Tight Arse from Ozbargain). + +After losing 16k from FOMOing into ATHs last year, I decided to use TA swing trading with a limited budget on my road to recovery to 0 Capital losses. I'm now at -10k. + +My latest calculated gamble is CXO. I discovered this beauty of a chart on the 23rd of September and noticed it makes brief drops below the EMA20 Yellow line (20 Day Exponential Moving Average). + +EMA50 is uncrossed, a bullish signal in my opinion. MACD positive, RSI is chill. One big jump followed by a cooldown period in 2 waves. I'm gambling on a 3rd wave. + +Basically, in simple charting 101 terms: higher highs (green circles) and higher lows (red circles) signal a profitable bull run. EMA is the Exponential Moving average. If the stonk keeps going up and stays above the moving average, that means it's constantly fucking reaching ATHs. *I love using ATHs because no bagholder is left behind.* And Candlestick charts are used as they paint a better picture. Red candles mean they opened at the top of the candle and closed at the bottom, and green candles opened at the bottom of the candle and closed at the top. Lines on candles are the intraday highs/lows. See below. + +[Chart 1](https://preview.redd.it/e4p7f2k1lss71.jpg?width=2031&format=pjpg&auto=webp&s=2f267dcb749df679152e4d8a0d4a28b2369bc8b3) + +**My ban bet: if CXO both touches the intraday ATH at... say $0.50 and closes at the ATH so above $0.47 by the end of October,** **~~otherwise a one month ban for me.~~** **I'll take a 1 month ban.** + +Why did I decide to take a ban bet for being right? Because of a "Fuck Me Dead" situation. Those include but are not limited to Covid crashes, US debt and Evergrande fears. We had a Fuck Me Dead situation last week, since CXO is heavily tied to Chinese customers the price went below the EMA20 3 days in a row and closed below that 2 days in a row! That has not happened for 3 fucking months! In a sign of a reversal (and when these long bull runs reverse oh boy do they reverse hard), I set a tight stop loss at my buy price which got hit. (Chart 2) + +[Chart 2](https://preview.redd.it/h9wbme5gpss71.png?width=2172&format=png&auto=webp&s=e6117df611c474bb7b067a2d10cf43a209e6a003) + +2 days later. What do you know? Normalcy has returned. Keen eyed viewers would notice the converging triangle pattern in Chart 3 (blue). Basic line charts don't show this, hence why candlesticks are important. Breakouts happen above or below the convergence of the triangle. It seems to have broken out above, so I bought back in. I may have gotten way more if I had just held at $0.39 but that's trading, you buy near the highs on positive momentum and sell at what you think is the high. Resistance point targets to break: $0.44, $0.47 and $0.49. + +[Chart 3](https://preview.redd.it/9534hg0mqss71.png?width=2188&format=png&auto=webp&s=ebcfc32c48d98632eb55421c779c3791aed1a55a) + +FAQ's (asked by no-one): + +* What the fuck do you know about this stock? + * Basically nothing other than some light reading. Here to explore the possibility of making money from simple patterns, trends, maths and very minimal DD and holding for years. +* You saying we should fucking do it? + * God no, swing trading is extremely stressful and risky. They're quick ins and outs at around the ATH. Do not recommend. Evergrande 20% ASX200 drop can cause this to crash, contracts can be torn up anytime. +* Why the fuck are you making a post? + * So I can be named and shamed if I fail, or maybe make more posts if people are interested. Note that it takes weeks, months to see these trends shape out. This is a personal test for me to see if my TA is right, if it's not right it's an opportunity for you all to make fun of me. I'm in no way hyping up the stock. **This is a joke and fun with squiggly lines, not financial advice.** +* How much you fucking yolo'd on it? + * ~~50,000 units at $0.39 on the 29th. 8 months of saving up and hard work.~~ As uptrend was confirmed I bought back in for the same amount at $0.42. Did I miss out on thousands? Absolutely. But risk < reward now. And yes, I did say I'd be taking a break but I have a confirmed ASX gambling addiction. +* Why the fuck don't you just hold for a few years until CXO produces money? + * So I can use funds for TA Wars Episode II: Attack of the (???). +**Disclaimer:** I got in at $0.705. As usual, by the time you look at this post, if the price has run up a quite a bit, please please avoid FOMO. No matter how good the company is, it's just not worth it. However, if it doesn't pop tomorrow, I'm buying more. + +TL;DR - no fancy catchy things here. I love what they do (I'm biased that brokers will be absolutely killing it this year), how they do it (I use them for trading), and how fast they are growing. + +&#x200B; + +I believe that SelfWealth will have great performance this year, and expect the share price to jump accordingly when the reports come out. Now, Superhero is a real threat, and could be an even more lucrative investment once they IPO (depending on which price they IPO at). However, that does not change the fact that SelfWealth has been having great year, and will continue to do so. + +&#x200B; + +**What is SelfWealth?** + +Established in 2012, the one of the cheapest Australian owned brokers for trading shares under your **own HIN number** (Superhero is available to provide $5 flat brokerage using a different model). I would be surprised that if you are reading this, and haven't come across them before. + +&#x200B; + +**Value proposition** + +Unlike some other DDs I've done, this one is extremely straight forward. Brokers and trading platforms are one of the biggest beneficiaries of quantitative easing, increasing property price, and people's gambling addiction. + +My view is that quantitative easing is not going away anytime soon, and there is an asset inflation, which is only accelerating every day. This works wonders for these guys who make money off increased trading activities. + +Firstly, there is a lot more extra cash in the economy, and some of it definitely makes it into the share market. + +Secondly, due to the record low interest rate, and due to dollar devaluation/asset inflation people want to invest in assets rather than holding it in savings. + +Lastly, when the house price rises, again coupled with the record low interest rate, people tend to refinance and draw against equity. Some lucky people with enough money may put it into an investment property. People without enough money or who just think that the stock market will outperform the property market tend to buy shares. + +Also, it's my view that Coronavirus is not going away anytime soon, and we will continue to spend extended time at home, and look for indoor entertainments. I'm a share trading addict myself, and firmly believe that it's one of the top indoor activity people turn to these days. + +&#x200B; + +**Insane growth** + +Don't take my word for it. Just have a look at the following graphs to see their recent explosive growth. + + +https://preview.redd.it/rhwslxz8i8i61.png?width=702&format=png&auto=webp&s=4b6d0507c8133587e0b9287e96f1a34e6918b568 + +https://preview.redd.it/yee8q0jbi8i61.png?width=659&format=png&auto=webp&s=bbe8ab7146e0ad90c506d5657f6dd48f628e6fe7 + +https://preview.redd.it/dxo046vci8i61.png?width=678&format=png&auto=webp&s=1efb7ae46e8c046bd130fcc1ac865bf864a178b8 + + +And I expect that we will have another boost in the activities now that SelfWealth have finally introduced long **awaited iPhone and Android apps, and US market trading**. + +It should be noted that it's current net profit is minus probably because they seem to have been spending money on share repurchases (please let me know if I'm wrong). + +&#x200B; + +**Can it beat the competition?** + +In Australia, we surprisingly don't have too many competitive brokers. Now, SelfWealth does not have a special competitive, but that's same for pretty much all the brokers. They simply compete on the fees and features. +With those, there are 2 threats. + + +1. **Banks start lowering their fees.** People love some of those platforms (CommSec and NabTrade come to mind), but they charge a little too much. A lot of people end up using their tools for research and use cheaper brokers for the actual execution. However, looking at how much they have been against lowering their fees for years, I don't think this will happen any time soon. +2. **Superhero** and possibly other new cheaper players entering. It is a real threat that SelfWealth needs to deal with, and something you need to keep in mind if you decide to invest in SelfWealth. I wonder if SelfWealth will try to take the same business model as Superhero, but it's hard to tell at this point. It's probably not happening any time soon. + +However, I think that SelfWealth is pretty well positioned at the moment, and there is no need to worry for a while. However, the market could become more competitive like US, so we need to keep checking the market environment. + +&#x200B; + +**Financial** + + + +TL;DR - Although they were never really in a bad situation, 2018 and 2019 weren't good years for them. However, they absolutely turned it around in 2020, and like I said, I think 2021 is a great year for the industry. + +https://preview.redd.it/hmgf2xect8i61.png?width=667&format=png&auto=webp&s=623a989d8454822b497b04b55c1b7ad89722789d + +What we see here is accelerating revenue, along with proportionately increasing cost of revenue. It's natural as their operational cost grows with the operations size. + +&#x200B; + +https://preview.redd.it/798n0ajet8i61.png?width=673&format=png&auto=webp&s=db2c9577a78cb686bc5aa22c2862b8d63fa2337e + +The balance sheet is looking healthy. Assets to liabilities ratio look healthy and the recent change in stockholders' equity looks healthy too. + +&#x200B; + +https://preview.redd.it/yy1tpgwft8i61.png?width=664&format=png&auto=webp&s=22eef65c974f815ac6cdde8961b340a8f5d6ab8a + +Their net cash from operating activities have been increasing which means they are headed in the right direction. Their cashflow has been increasing at the same time, and now they sit on comfortable amount of cash. + +&#x200B; + +https://preview.redd.it/c7nvk7sht8i61.png?width=383&format=png&auto=webp&s=c27e79de2a081fb9c2e5909a696de4e23bee4bf9 + +Large number of shares are currently held by insiders, which is always a good sign. + +&#x200B; + +**Management** + +As far as start-up management goes, there is no superstar here. No big names, once head of multinational corps, fancy portfolio of successful start-ups or anything. Just average overachieving go-getters🙂. +All right Retards....... + Forget Z1P, forget BRN, Forget Lithium, fishguts..... + +I’ve been in and around this Sub since very early on. I’ve jumped on them all, some of us have made some some great tendies, and some of us are still bag holding our steaming bag of guts.... Alas, +I have had the feeling for the last little while that we have been recycling the same old MEME stocks for a while now, hell, i remember when there was a new one to jump on every week it seemed... + +Alrigh, alright, I’ll get to the point, + +What is the next meme stock on the asx. + +What is the next stock we will cheering to the moon, then waiting as it come back for a refuel. + +I need something to bring me some excitement again goddammit. I mean, koalas are nice, but i came here for 🚀 and 🍗. +In its last 3Q (Fin. Year) trading update, the Qantas CEO gave rather a rosey picture of its business, leading with: + +"Domestic travel returning to pre-COVID levels ahead of expectations". + +Whilst there was a lot of rhetoric on growing business, reduced debt etc, there were very few actual like for like business, revenue, cash flow, or profit/loss comparisons to past pre-COVID periods. The trading update did not even compare 3Q passenger numbers to pre-COVID levels, which would of course be 3Q 2019 given the country was in near full lockdown by late March 2020. + +Investors were asked to believe that "Group domestic capacity is expected to be 105 per cent of pre-COVID levels in the fourth quarter of FY22, rising to approximately 110 per cent (revised down from around 115 per cent) for the first quarter of FY23." when by Qantas own figures that stood at 69% for domestic in 3Q 2022 - they didn't mention that in the header of course. + +The main justification appearing to be that Qantas had saw "Qantas and Jetstar operating at approximately 110 per cent of pre-COVID capacity over the Easter school holidays ". One can only wonder what the base period Qantas used for comparison? It seems doubtful that it was a comparative corresponding period in April 2019. + +The BITRE figures for Australian aviation are finally out (a month late) and show March domestic passengers at: + +**Revenue passenger numbers 29.0 per cent below pre-COVID March 2019.** +**The** **3.91 million passengers carried on Australian domestic commercial aviation (including charter operations) compares to 5.28 million** **passengers carried in March 2019.** + +[https://www.bitre.gov.au/sites/default/files/documents/domestic-aviation-activity-publication-march-2022.pdf](https://www.bitre.gov.au/sites/default/files/documents/domestic-aviation-activity-publication-march-2022.pdf) + +Alan Joyce has made a number of rubbish guidance calls in the last year on forward business guidance that have completely dwarfed reality. The latest guidance on domestic, let alone woeful international business numbers, appears in keeping with that over-ramping tendency. + +*(that the ASX lets this persist in official ASX reveiewed guidance is rather appalling)* +EDIT: nothing yet. Fairy certain there’ll be an update announcement tomorrow, just in the general upkeep of the company. We shall see. I won’t say I’m wrong tho, I’m still positive this was someone who at least thought they had knowledge. That’s the thing, tho, if you get knowledge you have to strike but that doesn’t set a time limit to the announcement. + +On the other hand, now here’s a moment where we’ve seen potentially someone potentially strike early on potentially insider knowledge. I think it says something. I’m debating buying more even tho I freehold just because of those weird buys. + +Anyway back to the original post: + + + + + + +I chose the Mr Squiggle flair because I'm connectin' some dots. + +DW8 is a great company. It distributes wine directly from wineries to businesses with cool algorithms and Australia Post. It's run by industry professionals. During this year it's gone from $.005-6 to $.06. It's been a fun ride. I've been on it. [Here's the website](https://www.digitalwine.ventures/). I'm enthusiastic. + +Here's where it gets interesting I think. There's a couple catalysts coming up: they're opening a new business to business part of the market, they're entering the New Zealand market, and they also, ridiculously, [hid a acquisition FYI in an Cleansing Notice](https://www.asx.com.au/asxpdf/20200929/pdf/44n49mtdqvfzwx.pdf). What are they acquiring? Who knows. Is it dodgy? No, it's actually super honest. Why are they so honest? [Because they leaked before.](https://www.asx.com.au/asxpdf/20200630/pdf/44k2xvcs4hw488.pdf) + +Now we come to today. + +[Some idiot bought $12,240 worth of DW8O company options.](https://i.imgur.com/ToxVuFe.png). The options are super illiquid due to there not being that many of them and the owners of said options likely being forward-focused individuals due to the current overall sentiment towards the company. They're selling well above the price of the heads minus the exercise price of the options. DW8 is currently 5.4c, so the company options should sell at 3.9c (as per prior mentioned algorithm minus all sentiment towards the stock). So this person bought $12.24k worth of options at a 1c premium, 4.9c. It's been bugging me all day. I figured it was someone who doesn't understand options or someone with a premium outlook for any number of reasons. + +Then, at [1625 hours](https://i.imgur.com/PhUcrkq.png) in the CSPA some dude snagged $62,696 worth of the heads. What does that code mean, L5XT? [Late trade cross-trade, same participant.](https://www.asxonline.com/content/dam/asxonline/public/documents/manuals/asx-trade-open-interface-manuals/asx-trade-markets-instrument-groups-and-trade-condition-codes.pdf) What does THAT mean? I dunno. + +What I do think I know is this looks to me like someone knows something about DW8. Because if you found out something about a company, the first thing you do is buy all the options you can unless they're over the current market price of the heads. Tick. Then buy all you can afford of the heads with the rest of your money, and if you don't have much money, you wait all day with an order at 5.3c and then panic and move it up for the CSPA at 5.4c and pray that you haven't wasted your insider knowledge. + +EDIT: I forgot to mention I don't know if this is the same person, obv. ALSO I expect an announcement tomorrow but that's my prediction from what I saw today. +I’m just curious on what people would do in my situation at my age? I’ve saved up from working over the years and live in a small country town in the South with my fiancé and son. I’m just tired of working to make the rich richer whenever I feel as if I could be the one making myself rich. Thanks in advance to anyones advice. +- 29 yo +- 250k income (wife and I combined) +- Roth 401k and Roth IRA maxed out every year +- Don't need the money anytime soon, 20-30 years +- Very risk tolerant +- Current holdings in S&P 500 (75%), QQQ (25%) +- Current debts are two house payments (1 living in, 1 renting out) and $220k student loan debt + +- Looking to invest an extra $20k/year, that number may grow +**Edit: It has been brought to my attention that sometimes transactions used to cover short sales aren't reported as part of the daily volume. I.e. a company will sell a share short and immediately cover it, but the purchase to cover that short position is not reported. As such, this entire post is not necessarily accurate or relevant. Since the overall volume is not accurate and comprehensive, conclusions cannot be drawn from this data. Please disregard the title. I will leave this post up in the hope that it spurs more discussion. Share your ideas and your research if you're so inclined. Leaving this here to educate others like me who mistakenly believe that short volume can somehow be used to estimate short interest.** + +I've been hearing some concern over some of the counter-DD that has been posted lately, and wanted to do a little research to put to rest any fears that the conditions are still ripe for a squeeze, without considering retail investor ownership or institutional ownership. I'm not a financial advisor and I barely passed college algebra, so please don't misconstrue any of this information for investment advice. You know the drill! + +We keep seeing these lowball numbers for short interest. Right now, I think the number is hovering around 20% (which, mind you, is extremely high and sufficient for a squeeze). I know other apes have gone back and tried to use the short volume to calculate short interest. "But, mongoosifer, you can't use short volume to calculate short interest! Those terms aren't interchangeable!" And of course, you would be right in saying so. However, I decided to borrow a very logical point from an ape who probably has more wrinkles than me (if anyone remembers this post, please let me know the user so I can give credit where credit is due) and apply it to my DD. The premise is that, when daily short volume/long volume ratio exceeds 50%, it is not possible to cover the short positions opened that day, much less already existing short positions. If this premise is not accurate, please reach out and let me know and I can revise my numbers. + +An example I saw that put things into perspective for me was as follows: there are 100 bananas. In the morning, you short 50 bananas, but buy fifty back at the end of the day. The short volume is 50%, but the change in short interest is zero. Logically, if you short 51 bananas but the total daily volume is 100 bananas traded, you must have at least one banana still short. + +Knowing this, I got my nifty little excel sheet opened and manually entered the short volume, long volume, total volume, and short ratio for every single trading day since 1/13, when we knew the short interest was AROUND 140%. The results probably won't surprise the grizzled veterans around here, but for anyone fearing that the shorts may have covered, or espousing other FUD, hang on to your shorts (see what I did there?). + +The conclusion that I drew is, under the absolute worst case scenario in which hedge funds who were short GME accounted for ALL of the GME long volume on every day for the last three months (impossible, because that would mean us apes haven't bought any, and lord knows I've bought some), an absolute minimum of an additional 10,000,000 shares, or around 20% of the float has been shorted in excess of the already 70 million shares shorted at the start of January. If retail traders account for even a fraction of the long volume, and come on, we do, then the short interest is likely even higher, potentially much, much higher, than what I am reporting. + +This is my first real foray into legitimate, numbers-based DD. Numbers have not been cross-referenced with other sources, and the method was far from scientific. Please hit me up with any feedback. + +[In the far right column, red boxes indicate days on which the short volume ratio exceeded 50&#37;, meaning short interest grew and old short positions could not be covered. In case you were wondering, around 68&#37; of all trading days since January fall under this category. In the \\"Net Shares Short\\" column, negative numbers and red days are days in which long volume exceeded short volume. If on those days hedge funds purchased every single long share, they could cover that number of already existing short positions. That the net short positions are 10,000,000 shares more than all long positions in the last three months means the moon might just be a blip on our radars as we scream past it. ](https://preview.redd.it/250u717xiys61.png?width=556&format=png&auto=webp&s=4bf6a894ee0a859e9c80d7ae09994ea0e8ed6302) +What do you think of the primary residence tradeoffs between view+privacy/safety vs being centrally located in a city? I am posting this in FatFIRE since it's hard to find a good discussion of these tradeoffs for our price range. + +We are considering moving out of the center of the city and into a quieter, safer area with great views. I would love to hear from others who have lived in a range of houses throughout their life - and ideally who had kids. How did you make the tradeoffs? Did it go well - or did you have regrets? + +**Life stage:** retired 3 years ago, but might work again. One toddler. HCOL city. Looking at houses in the 3-5M range. + +**Status quo:** + +* House is very centrally located in the city, walkable to many things and 5-20min drive to the rest. +* Somewhat loud, between street noise and being under the airport flight path. Very noticeable when outside. +* Easy public transit access - something we've not used since we had a child. +* Easy bike trail access - also something we've not used since we had a child. +* Safety issues lately around the neighborhood - e.g. had a homeless encampment a few blocks away. +* Minimal views of nearby greenery. + +**New potential house:** + +* 180 degree unobstructed water view from all spaces we regularly use. +* Safe, private, and quiet. +* Great outdoor spaces. +* Not walkable to anything except the community beach access. +* Adds 10-20 minutes to getting into the center of the city, meeting friends for dinner, etc. +* No public transit. +* No bike trail access. + +Thanks in advance. +35yo professional poker player. Made just over 1m playing cash games over the last decade and started investing seriously \~4 years ago. + +My current portfolio \~ 1.5m total + +48% Stocks/ETFs Mostly comprised of 40%VTI, 20%VXUS, 20%QQQM and 20% in a few tech stocks. + +42% "alternative asset class" mostly in the top two 80/20 breakdown + +10% Pokerchips/Cash/Ibonds/Stables earning yield + +Prior to pandemic I was making about 200k a year, although pandemic has slowed that down a bit. I've been in the market for real estate but haven't quite pulled the trigger yet. + +Poker games are always getting more difficult so I would love to find a way to transition out eventually. Poker was great for getting to \`1m NW, but honestly doesn't scale too well after that. My goal is to get to 10m, retire somewhere with a LCOL, maybe continue playing poker as a side hobby for income at that point, but no longer seriously. Considering using my capital to start a business. Any ideas or tips for a safe venture? Or should I keep grinding away for another 10 years and hope my investments continue to grow? + +&#x200B; + +\*regarding "alternative asset class" this is commonly used as a means of settling/trading/credit/saving in the poker community. Seems I can't mention it by name otherwise the thread gets closed unfortunately. +A recent [possible DD] (https://www.reddit.com/r/Superstonk/comments/oapj59/blackrock_addition_to_the_russell_prospectus_cant/) has been doing the rounds recently, resurrecting interest in a curious series of three DD posts, created by an Anonymous user who claims to have just a few months experience, but a penchant for puzzle-solving. However, if you read his insights (and I encourage you to do so), I think it's very likely that this user has some connection to the industry; his clear explanation of shady and complex processes could only be created by somebody with an in-depth understanding of the topics he's discussing. Add that to the sudden disappearance of the user, and the potentially linked revelations to the "Game on Anon" phrase, as identified by /u/3for100Specials, in this post ( https://www.reddit.com/r/Superstonk/comments/nxlw8v/a_dd_drop_from_last_weekend_which_predicted_and/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf ) it all sounds curious, to say the least. + + +Now, I was inspired to give [the /u/leavemeanon threads](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) a revisit as a result of /u/SPAClivesmatter's post. I read the entire thing, word-by-word, to attempt to glean additional insight into the character of /u/leavemeanon and the saga we're all patiently watch unfold. + +In Part 1 and Part 2 of the three-part DD, /u/leavemeanon uses the phrase "tip of the Glacier" to describe the magnitude of the events he's describing. This is unusual for three reasons: + +1) The commonly used phrase is "tip of the iceberg": On a quick search, I cannot find the "glacier" variant to be an accepted alteration ANYWHERE. I mean, it's close enough to iceberg that we can understand what he's trying to say, but isn't it strange that he's effectively created a new phrase in a post that otherwise doesn't appear to contain unusual/cryptic styles of writing (in fact, the OP has gone out of his way to explain everything in a very clear way). + +2) He uses the phrase TWICE -- the second time in **bold**: please refer to the screenshots of [DD number 1](http://prntscr.com/17mqf58) and [DD number 2](http://prntscr.com/17mqnmt). He doubles-down on his unusual phrase, almost purposely bringing attention to it in Part 2. + +3) The "Glacier" is a capital letter: OP would have made a conscious decision to not only use the Glacier variant of the phrase (that may not even exist), but also spell the out-of-place phrase with a capital letter. To me, this is the clearest evidence that /u/leavemeanon is making some kind of reference to another event that popped up on this sub a few months ago (and apes who have been here a while already know exactly what I'm referring to at this point). + +The apes who have been following this saga for a while will remember there were articles going around about a mysterious "Glacier Capital" in March, a financial "black box" institution that supposedly shorted GME at $167 and made a public statement advertising as such. There was a lot of speculation about what exactly Glacier Capital was: whether the whole story was FUD setting us up for a fake-squeeze, among others. The topic was discussed, debated, and eventually disappeared with a general sense that it was just another weird plot point on the increasingly weird tapestry that the GME story is weaving. + +With /u/leavemeanon's DD receiving a new wave of attention recently, I just wanted to leave this speculation out there as a possibility that the Glacier Capital story may be also worth a revisit. If apes with more wrinkles than I determine it's all a big co-incidence, then that is okay with me, but I believe this subreddit is at its best when it's a transparent forum where people can raise interesting points and have them investigated or debunked by a collective pool of individuals. +FUCK YOU; PAY ME. You were warned. + +The SEC's Form ADV Part 2: + +The Form ADV is required by the SEC for investment firms (investment advisers). They can be found here. [https://adviserinfo.sec.gov/search/genericsearch/firmgrid](https://adviserinfo.sec.gov/search/genericsearch/firmgrid) Remember, remember that whe the rich people invested with the SHFs start bitching and moaning, saying things like “I didn’t know” and “Kenny is a bad, bad, man…I’m a victim,” apes should wave this Form ADV and say,** **“Yes, you did.** Yes, he is, and no you’re not, because you knew those inexplicably high returns were the product of crime, which is why you also paid Shitadel those ungodly management fees. **You paid Kenny to do the dirty work** + +Using our favorite monster’s advisory arm as an example - [https://adviserinfo.sec.gov/firm/summary/148826](https://adviserinfo.sec.gov/firm/summary/148826) \- here’s what the Form ADV Part 2 says, followed by my commentary, if needed. + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**Under “General Portfolio Risks” at page 18:** + +**Short Positions** + +A short sale of an investment instrument entails the **theoretical risk of an unlimited increase in the market price of that investment instrument**, which can, in turn, result in significant losses to a Fund. **Purchasing investment instruments to close out a short position in such investment instruments can itself cause the price of the investment instrument to rise further**, increasing losses. Furthermore, **the Advisers may prematurely be forced to close out a short position in a security if a lender of such security demands the return of the security sold short**. + +Fuck you. Pay Me. You lost, even with the fix in. That’s the risk you knowingly took!!! Infinite losses!!!! You warn all of your investors. Checkmate. +Craziest story of my life. How I made 7500 dollars while chilling at home at 2 AM In the morning. I am an amateur crypto trader. I buy and sell all the time and I spend hours digging looking for new coins to buy. Last year I used uniswap to buy a token that was only available there. it was only one transaction and I didn’t really care much and totally forgot about the app. Fast forward to today , I decided to get back into crypto. I did some homework and found a couple good gems to buy on uniswap so I decide to open the app. + +I initiated the transaction and I looked down to a button that says uniswap. I didn’t know what it was so I ignored it and my transaction failed. So I tried again and I was like meh I’ll just click it and see what it’s in it. + +As soon as I open it and I get the message “claim your 400 UNISWAP” and I was completely shocked. + +I owned the 400 from the airdrop since last year and I didn’t even know it!!!! And I rode it from 2 dollars all the way to 19.55 today! Imagine if I found out about it sooner I would’ve probably sold around 3 or 4 dollars (I know myself) but instead I rode it like a champ at a 524% increase ! Holy fucking shit. This just happened a few minutes ago and I thought this is the place to share such story + +Edit: earlier today my wife and I were stressing about our 1 bed room apartment since we have a baby coming on the way. We were planning to buy a house in August but this money will pull our date to may which will be perfect and right before our baby gets here! +I am very grateful and I CANT WAIT to tell my wife in the morning. + +Edit2: THANK YOU ALL! You guys are amazing! I appreciate all the awards and the support + +Edit3: 4 people claimed their 400 UNISWAP after they saw the post! This is AMAZING! +# Approximately 137M Shares Printed & Borrowed + +Looking at the GME borrow data from Chart Exchange (which says it's from Interactive Brokers), we can see the number of shares available to borrow. Obviously, the number of shares available changes over time as shares are borrowed and (possibly) returned. + +***Assumption***: Every share borrowed is never returned. This assumption is based, in part, off of Mark Cuban's comment that "\[t\]heir goal is to never cover their short.": + +https://preview.redd.it/k1lyg0dp09q91.png?width=1406&format=png&auto=webp&s=fb95214de76aa870b43be95b9f4e452fc106f3ec + +This would mean that if we count up all the shares borrowed (i.e., sum up the total available every time the number of shares available drops) we can get an idea for the total number of shares borrowed. Similarly, if we sum up all the increases in the shares available, we can get an idea for the total number of shares printed and made available to borrow. + +For the approx 16 months between May 27, 2021 To Sept 21, 2022: + +||Raw Count|Pre-Split|Post-Split|Split Adjusted| +|:-|:-|:-|:-|:-| +|Total Borrows|50,278,353|29,044,446|21,233,907|137,411,691| +|Total Printed|50,328,353|28,989,446|21,338,907|137,296,691| + +# Shares Go Around & Around & Around & Around + +We also suspect that shares get bought and loaned back out meaning the same shares get counted multiple times through **rehypothecation**. *For example*, if someone buys one of those newly printed shares in an IRA (held in street name FBO the ape), the broker might lend out the same share to a short seller to make delivery on a short sale (which may even be the same share just purchased). + +This means it would be helpful to estimate how many times a single share make might the rounds and get counted. Enter [The (sizable) Role of Rehypothecation in the Shadow Banking System](https://www.imf.org/external/pubs/ft/wp/2010/wp10172.pdf) (an IMF, International Monetary Fund, Working Paper from 2010): + +[\[Abstract\]](https://preview.redd.it/qsoo8nuo09q91.png?width=1772&format=png&auto=webp&s=e199efc1e0fc0fc8959e1870d90d0a1321eaa5fb) + +In the US, Regulation T limits rehypothecation up to 140% -- a number that apes repeatedly saw early on (see, e.g., Wikipedia and you can search a sub that shall not be named). However, other countries (e.g., United Kingdom) have no limits on rehypothecation. + +[\[pg 4\]](https://preview.redd.it/tf6eml4r09q91.png?width=1696&format=png&auto=webp&s=7c56b91f736e3552ece9141e6732dc060405c96e) + +Unlimited and uncapped leverage sounds pretty terrible if this shadow banking system made up of **hedge funds, pension funds and insurance companies**, including State Street, were to collapse. (Not even a month ago, [the SEC allowed the OCC to tap pension funds and insurance companies for unlimited liquidity](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/).) + +[\[pg 6\]](https://preview.redd.it/02yahots09q91.png?width=1704&format=png&auto=webp&s=c3f71a990551c8e3a0d18eb4f0b095cbc8458b55) + +So this working paper estimated a "churning" value to represent how many times an asset was re-used. + +[\[pg 9\]](https://preview.redd.it/kwrsmnfu09q91.png?width=1684&format=png&auto=webp&s=30bdd6ebb5e4acc4af99d1e781971b8a394e42ed) + +This working paper estimated a **churning factor of 4, though it could be higher.** + +[\[pg 12\]](https://preview.redd.it/y08y04rv09q91.png?width=1666&format=png&auto=webp&s=9bbcfc9f243fc9aeb362f04fc990303e5832b1be) + +[\[pg 12\]](https://preview.redd.it/wc9bpgvw09q91.png?width=1660&format=png&auto=webp&s=7bebccfc8ac5fb68aa8e55afad8dfdf10ab51898) + +If we apply the 4x churn factor to our 137M shares, there may be an extra **548M** **unaccounted for off-balance sheet** **shares** in circulation. Considering GME currently has 304M shares outstanding, that's potentially 1.8x the shares outstanding in extra liquidity *added in the 16 months between May 2021 to Sept 2022* that should be soaked up at some point. (That number only looks worse for the shorts if you consider the float and free float.) + +# Shares Going Around 10x? + +We also got some interesting news this morning that popcorn might sell up to 425M preferred (🦧). 🦧 is interesting because, upon its release late Aug 22 2022, there were many halts and 43M shares Failed To Deliver on T+2 Aug 24, 2022 (look on Chart Exchange, search 🦧 and then choose to view Failure to Deliver). + +Why offer to sell up to 425M 🦧 shares if only 43M shares Failed to Deliver? If shorts need to buy 425M shares to close out, then the 10x differential here implies the churn factor is indeed higher than 4x (as the paper above suspected) and could actually be closer to **10x**. + +If we apply a 10x churn factor to our 137M shares, there may be an extra **1,370M** **unaccounted for off-balance sheet** **shares** in circulation. Considering GME currently has 304M shares outstanding, that's potentially 4.5x the shares outstanding in extra liquidity *added in the 16 months between May 2021 to Sept 2022* that should be soaked up at some point. (Again, that number only looks worse for the shorts if you consider the float and free float.) + +For the approx 16 months between May 27, 2021 To Sept 21, 2022, 137M shares printed & borrowed: + +* A **4x** churn factor could yield **\~548M shares** of excess liquidity. +* A **10x** churn factor could yield **\~1,370M (1.37B) shares** of excess liquidity. + +# TADR + +* We can estimate there are up to **\~137M shares printed & borrowed** during just the \~16 months between May 2021 to Sept 2022 based only on borrow data from Interactive Brokers. +* A 2010 IMF Working Paper estimated a **4x churn factor** around the end of 2007 suggesting that each share may be counted as held as many as 4 times which requires it to be short sold 4 times. The authors noted that the actual churn factor could be higher. +* News today suggests the churn factor may be as high as **10x**. +* The estimated **137M shares printed & borrowed**, with a churn factor of **4x** to **10x**, could result in anywhere from **548M to 1,370M shares of excess GME stock liquidity** injected into the market. + +Sorry, Automod being annoying as hell with this post. Adding images once I can get text approved. + +EDIT: Added images. Sorry a bunch of links defining terms had to get removed. Automod annoying. + +EDIT 2: I want to emphasize that this is just looking at ***new shares since last summer*** which is *in addition to* the previous 226% short interest. +Hey everyone, + +So basically I think there is a good probability that we are at the edge of an economic disaster. I have been talking about the bond market, and looking into what is going on there and it is clear that the FED has their hands tied on this and our only path forwards are 1) hyperinflation or 2) failure in the bond market due to rising interest rates. + +In 2019, the world economy was running hot AF. In just the span of time from 2018-2019 the us median income rose 2%, poverty dropped 2%, and it all seemed very good. + +The FED saw that the economy was getting hot, and that their quantitative easing (QE) policy might be becoming less effective. They have some bank tools that are used to combat inflation and interest rates. These tools are IOER, SLR%, and YCC. + +IOER: Interest one excessive reserves. This is perhaps the most important tool because feds can manually change the interest rate on the M1 money stock. This is important because from this first money stock, every-time one passes hands there is an interest rate associated with it. So Interest rate on IOER affects the M1 money stock, M2 money stock, all banks, and almost all of the credit that we try to get, it also affects SLR%. + +SLR%: Supplementary leverage ratio %. This is basically how much loan loss reserves a banks and companies need to always keep on hand in order to meet the needs of their members. For example, the US fed can put a cap at 10% SLR% and that means that the bank can leverage 90% of its money out, while only keeping 10% on hand. This is influenced by IOER and this SLR% is the main reason we cannot raise interest rates using IOER. + +In 2019 we tried raising IOER, which increased SLR. When we did that we moved the underbelly of a beast so massive we had no idea how big it could be. When we raised IOER many banks and companies have taken out so much debt that they literally COULD NOT STAY LIQUID with increases in interest rates. + +[https://youtu.be/URvok29rf-w](https://youtu.be/URvok29rf-w) + +Not only did this raise in interest rates lead to a huge liquidity disaster, it also led to liquidity disasters IN OTHER COUNTRIES. That is really really really worrisome. We raise interest in the IOER and all the suddenly Turkey also is having a major fucking liquidity issue. I don't know each country but I do know that our 2019 actions were affecting Turkey and other countries. + +So what did we do in response the the 2019 liquidity disasters? WE LOWERED INTEREST RATES AND PRINTED MORE MONEY. WE KEPT THE ZOMBIE GOING. + +then the pandemic hit... + +The pandemic hit and the FED already knew we were at a knives edge with the bond market. So their plan, although they say it was to help us, was to pump up the zombie economy with a huge monumental stimulus. Then we got two more after. + +I wanted this stimulus, we all wanted this stimulus, but by pumping the stimulus in the economy and pumping up these institutions that can't stay liquid if they had high interest rates has kind of put off the inevitable. A huge falling out of people who have too much debt. + +So here we are in 2021. Government debt has not improved (it has got worse), credit ratings on many zombie companies that aren't turning a profit are going to get worse and worse credit ratings = high standards of SLR% to stay liquid. This is going to make it even MORE difficult for these companies to deal with high interest rates. + +**WHAT DOES THIS FIRST PART MEAN?** + +We have tools to deal with inflation, the most important being raised interest rates using (IOER) which influences SLR% and capital requirements of institutions. However, we have so much debt, and so much of this debt belongs to companies that don't turn a significant profit. So we can't raise interest rates if we don't want a flat out crash in the bond market and wave of bankruptcies of major corporations and possibly financial institutions. + +so if controlling for inflation by raising IOER would lead to a liquidity crisis in the bond market, how do we control for and prevent hyper inflation? + +People have been talking about Yield Curve Control (YCC) as it is a tool to control for inflation. However it is not. YCC works by the FED going into the economy and buying up as many 10y and 30yr bonds as they can (this puts more money in economy), then selling a bunch of their short term expiring bonds. This buying on the long end and selling on the short end would help keep interest rates low for companies to stay liquid, BUT LOW INTEREST RATES LEADS US TO MORE INFLATION, so this plan will not work for very long. + +**THE FED IS BETWEEN A ROCK AND A HARD PLACE** + +**increase IOER to control inflation** = major liquidity issue and a fallout of our bond market + +**do YCC to avoid fall out of bond market** = more inflation! + +**print more money** i**nject it into the economy** = buy more time but put off inevitable. + +I have been thinking about this and I don't see that they have a way out. I have read into it and also heard people talk about this long before I got here. Below I leave some links so you can hear about this from someone else besides me. + +[https://youtu.be/CCmdmOr06pY](https://youtu.be/CCmdmOr06pY) (CNBC on bond market) + +[https://www.youtube.com/user/TheMoneyGPS](https://www.youtube.com/user/TheMoneyGPS) (another person who actually looks at numbers and data) + +[https://youtu.be/28VXEocPnw4](https://youtu.be/28VXEocPnw4) (Peter Schiff has been saying this for a long time) + +[https://youtu.be/Y1OkOtQND8w](https://youtu.be/Y1OkOtQND8w) (former banker sees same pending disaster) + +**Commodities** + +I don't want to talk about the inflation we are seeing in commodities because we have talked about steel a shit ton here and all of us know that inflationary signs are all over the economy. CPI will literally be the last indicator that inflation is here SO PLEASE INGORE THE FED WHEN THEY SAY CPI IS LOW. + +We see inflationary pressure all over the market. Especially in commodities, producer prices, import costs, housing prices, etc. The FED is only saving face with CPI cause they know controlling inflation means crashing the bond market. + +**My Plan** + +**Exposed myself to commodities**: I have invested in a handful of commodity tickers $RFP $MT $CLF $LPX $CTT $PCH $SXC, $ADM because even if we have the catalysts of a crazy economic recovery we also have inflation. So no matter what these stocks do, they HAVE to go up. I think in 2021 any commodity stock that can produce cash is a good one to have. + +**Expose myself to raising interest rates**: To ensure that I do not end up being a bag holder for the irresponsible lending and money printing that our government has engaged in for the last decade i am buying puts against the bond market. I have bought puts against $TLT $VGSH $HYG $VMBS $VGIT. I will keep buying them too. + +**interest rates stay low = more inflation = commodity stocks go up** + +**raise interest to control inflation = bond yields go up, prices of bonds go down. potential fallout of companies and institutions that can't meet SLR%** + +I took out positions on Monday and its like i touched a beast that just woke up. It should not be possible to be up $1500 in one day. the VGSH puts for october that I got for 10 dollars are now worth like 300. + +[https://ibb.co/DCJR0Vc](https://ibb.co/DCJR0Vc) + +TLDR; If you want to protect yourself from inflation, buy commodities. If you want to protect yourself from the fucking house of cards that is the bond market, buy puts on bond ETF's against the bond market. This strategy might be VERY successful this year. Most of the puts i am buying are for the late fall or early next year. + +If this country could handle higher interest rates I think we would be okay. But the 2019 disaster did not spur confidence that we we were in a position then, and now the house of cards has only expanded and our money printing has led to enormous amounts of speculation that this world has never seen. Cryptos, SPACs, NFT's, High valuations, Cathie Wood, Chamath, etc. etc. To make this wore we are already starting to see inflation pressures hit producers and commodities. EU and AU are doing MORE MONEY PRINTING and QE. Money hasn't even started moving through the economy too. We have not even opened up. + +I sincerely wish I could believe this administration that we are in for a great economic recovery. They are completely ignoring the huge fucking problem right under their nose. + +This guy seems to agree with me: [https://youtu.be/\_\_eVeN8wmfQ](https://youtu.be/__eVeN8wmfQ) + +My positions: + +[https://ibb.co/PTsF3Qq](https://ibb.co/PTsF3Qq) + +[https://ibb.co/n3Vh1XD](https://ibb.co/n3Vh1XD) + +[https://ibb.co/JsmDFv8](https://ibb.co/JsmDFv8) +Since early-on I've been signing up for credit card bonuses, etc as kind of a hobby (has paid for vacations this way), but now as my accounts have grown larger I've discovered perks from several banks. I can start with a few but was hoping we can share any others: + +* Chase private client -- biggest thing is their "arts and culture card" (one of my favorite perks) that gets you into many US museums free of charge. Waived fees for checking, safe deposit box, etc +* Bank of America Preferred Rewards -- 70% bonus on their cash back credit cards. 2.5% and up cash back based on categories of spending. Banking benefits (waived fees, etc) +* Vanguard - flagship / flagship select. Mainly reduced fees / waived fees for trades. Assigned rep with fewer clients. +* Schwab -- $200 off amex platinum fee for 1M invested + +Any others people know about? +Hey Apes, + +It's been a while since I've made this post about the [BCG Bankruptcy Master List](https://www.reddit.com/r/Superstonk/comments/u55n5k/request_help_me_create_a_master_list_of_companies/?utm_source=share&utm_medium=web2x&context=3). I won't lie, work/mental health/life caught up to me the last two months and I haven't had as much time and energy to dedicate to this cause as I had hoped/wanted. I hope you all can forgive an ape. It's difficult to admit when a task is too big to handle by one's self, but I'm humble enough to recognize when I need assistance. It's been difficult and quite frankly overwhelming to locate credible information for these companies and the BCG influence by myself. I'm making this post to update you on the master list and also because I need your help. + +**HOWEVER**. If you're going to help, **PLEASE INCLUDE YOUR SOURCES**. I cannot stress this enough. The last time I made a post, there were tons of comments and DM's saying "BCG bankrupted/is bankrupting XYZ company" with no information behind it. I've spent countless hours searching for companies with no sources and have come up with several dead ends. I'm hoping crowd sourcing this will expedite the process and we can add/remove things as needed because ultimately this isn't just my project, **IT'S OUR PROJECT**. + +There are three lists below. They are: + +1. **CONFIRMED BCG BANKRUPTCY/BANKRUPTCY ATTEMPT/ACTIVELY BANKRUPTING** which includes sources. +2. **SPECULATED BCG BANKRUPTCY/BANKRUPTCY ATTEMPTS/ACTIVELY BANKRUPTING** with no sources. I'll move these to the confirmed list once sources are listed for the company. +3. **VARIOUS BCG SCANDALS** + +&#x200B; + +Without further adieu: + +&#x200B; + +**CONFIRMED BCG BANKRUPTCY/BANKRUPTCY ATTEMPT/ACTIVELY BANKRUPTING** + +[Abercrombie & Fitch](https://www.case48.com/bcg-matrix/14043-Abercrombie-Fitch-Company) + +[Activision Blizzard](https://www.case48.com/bcg-matrix/5569-Activision-Blizzard-Inc) + +[Air New Zealand](https://sciencebasedtargets.org/resources/files/SBTi_AviationGuidanceAug2021.pdf) + +[AMR](https://www.dallasnews.com/business/airlines/2012/02/17/american-airlines-is-paying-a-lot-of-money-to-save-money/) + +[Bed, Bath, & Beyond](https://www.reddit.com/r/Superstonk/comments/tn8lvr/bcg_currently_has_a_hand_in_bed_bath_and_beyonds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Beyond Meat](https://www.bloomberg.com/news/articles/2022-01-13/beyond-meat-is-biggest-russell-1000-short-as-shares-struggle) + +[Blockbuster](https://www.reddit.com/r/Superstonk/comments/tn2uuo/bcg_gave_consulting_advice_to_toysrus_as_well_as/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Chrysler](https://dealbook.nytimes.com/2009/04/10/boston-consulting-is-hired-to-advise-treasury-auto-team/) + +[Circuit City](https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49) + +[CIT Group](https://www.americanbanker.com/national-regional/cit-hires-consultant-to-help-speed-up-turnaround-1092101-1.html) + +[Coinbase](https://www.reddit.com/r/Superstonk/comments/u2inkh/recently_coinbase_is_on_the_spotlight_with/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Commercial Defeasance LLC](https://www.reddit.com/r/Superstonk/comments/tnd4oh/bcg_was_hired_by_commercial_defeasance_llc_they/) + +[Conseco INC.](https://www.consultingcase101.com/consecos-acquisition-of-green-tree-financial-not-a-good-deal/)) + +[Dell](https://dealbreaker.com/2013/04/dells-board-was-so-fed-up-with-its-managers-that-it-sold-them-the-company) + +[Ford](https://www.reddit.com/r/Superstonk/comments/tn0wpa/heres_how_bcg_helped_ford_cut_costs_link_in/) + +[GameStop](https://www.reddit.com/r/Superstonk/comments/tpjeyj/gamestop_fires_firm_connected_to_citadel_bcg_love/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[GM](https://www.case48.com/bcg-matrix/12615-General-Motors) + +[Harley Davidson](https://www.case48.com/bcg-matrix/13039-Harley-Davidson) + +[JC Penny](https://chainstoreage.com/jc-penney-makes-key-hire) + +[K-Mart](https://www.reddit.com/r/Superstonk/comments/tn0ywu/kmart_toys_r_us_enter_the_chat_its_like_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[KLM Air France](https://www.reddit.com/r/Superstonk/comments/u00viu/another_big_company_ruined_because_of_bcg_klm_air/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Kohls](https://www.reddit.com/r/Superstonk/comments/tnbs5x/bcg_and_kohls/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Lehman Brothers](https://www.businesswire.com/news/home/20210927005011/en/Piper-Sandler-Companies-Elects-Robbin-Mitchell-to-Board-of-Directors) + +[Macy's](https://www.reddit.com/r/Superstonk/comments/tnb4mz/bcg_partner_adrian_mitchell_became_the_cfo_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[MF Global](http://www.mfglobalcaseinfo.com/docs/1279_15059.pdf) + +[Neiman Marcus](https://www.reddit.com/r/Superstonk/comments/tnp84m/more_bcg_boston_consulting_group_connection_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[OfficeMax](https://www.reddit.com/r/Superstonk/comments/u1zadn/after_watching_john_oliver_this_week_discuss/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Pier 1 Imports](https://amp.cnn.com/cnn/2020/07/31/business/pier-1-new-owner/index.html) + +[Pizza Hut](https://www.reddit.com/r/Superstonk/comments/u0whz1/moar_bcg_connections_former_bcg_project_leader/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[PulteGroup](https://www.reddit.com/r/Superstonk/comments/u0wcb9/did_bcg_try_to_scrub_this_blog_post_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Radio Shack](https://www.bcg.com/publications/2017/growth-strategy-vector-thrust-breakout-growers-get-right) + +[Revlon](https://www.cnn.com/2022/06/16/investing/revlon-bankruptcy/index.html) + +[RiteAid](https://www.reddit.com/r/Superstonk/comments/tyrim1/i_was_browsing_yahoo_the_fud_caught_my_eye_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Sears](https://transformco.com/press-releases/pr/1959) + +[TAP Airport Portugal](https://www.ch-aviation.com/portal/news/94238-tap-air-portugal-selects-consultancy-boosts-n-america-ops) + +[Texaco](https://globalonlinemony.com/at-mckinsey-widespread-furor-over-work-with-planets-biggest-polluters/) + +[Toys R Us](https://www.case48.com/bcg-matrix/12847-Toys-R-Us) + +[USPS](https://www.reddit.com/r/Superstonk/comments/tz2k7r/bcg_and_the_united_states_postal_service/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Victorias Secret](https://www.reddit.com/r/Superstonk/comments/tnf7t2/ryan_cohen_tweet_victorias_secret_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Washington Mutual](https://www.alliancebernstein.com/americas/en/institutions/bio.ajit-ketkar.html) + +[WHO](https://www.vox.com/2021/6/16/22527665/world-health-organization-who-12-million-bcg-consultants) + +[Whole Foods](https://www.reddit.com/r/Superstonk/comments/to671e/whole_foods_also_hired_bcg_for_consulting_which/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[WorldCom](https://www.irishtimes.com/business/worldcom-s-executives-earned-104m-as-accounting-fraud-was-used-to-boost-profits-1.1091498) + +[Zoom](https://www.reddit.com/r/Superstonk/comments/ud6dio/a_coworker_was_like_damn_zoom_is_down_hard_i_run/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +**SPECULATED BCG BANKRUPTCY/BANKRUPTCY ATTEMPTS/ACTIVELY BANKRUPTING (NEEDS SOURCES)** + +Advance Auto + +Aesop + +Arby's + +AT&T + +Australian Post + +Battle Bay + +Bell Labs + +Best Buy + +Big Lots + +Blackberry + +Boeing + +British American Tobacco + +Burlington coat factory + +Canada Life + +CanopyGrowth + +Caterpillar + +Citi Bank + +Comcast + +Crocs + +Curry’s UK + +Delta airlines + +Dillards + +Disney + +Dixon + +Dollar Tree + +EA + +ESAB + +eToys + +FAO Schwartz + +FedEx + +Forever 21 + +Fresh Fields Grocery Store + +GNC + +Goldman Sachs + +Hastings Entertainment + +Hewlett Packard + +HHGregg + +Homebase + +Intermountain Healthcare + +J&J + +John Deere + +KB Toys + +Kodak + +Krispy Kreme + +Kroger + +Lockheed Martin + +Lowe's + +Lululemon + +Michael’s + +Moderna + +National Health Service + +Nature Made + +Netflix + +Nokia + +Nordstrom + +Peacock/NBCU + +Pfizer + +Proctor and Gamble + +Quiznos + +Ralph Lauren + +Ross Dress For Less + +Rovio + +Sequential Brands Group + +Six Flags + +SoFi + +Southeastern Grocery + +Staples + +Taco Bell + +Target + +ThredUp + +Tim Hortons + +Toeslagen Affair + +Track and Trace + +Under Armour + +United Way + +UPS + +Washington Commanders + +Woolworths + +YRC + +Zappos + +&#x200B; + +**VARIOUS BCG SCANDALS** + +[Karolinska Solna Hospital](https://www.reddit.com/r/Superstonk/comments/tt4zwi/bcg_was_hired_by_swedens_karolinska_solna/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[American Public School System](https://www.reddit.com/r/Superstonk/comments/tyvkdk/boston_consulting_group_bcg_has_been_heavily/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[$800,000,000 From the Federal Government](https://www.reddit.com/r/Superstonk/comments/tyk07f/since_2018_bcg_has_received_137_contracts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[SEC Reform](https://www.reddit.com/r/Superstonk/comments/tmxp3p/the_sec_hired_bcg_to_consult_and_report_for_them/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Consolidating Power for Prince Mohammad bin Salman of Saudi Arabia](https://www.reddit.com/r/Superstonk/comments/u3ryga/bcg_along_with_consulting_firms_mckinsey_and_booz/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Sri Lanka’s Failing Government](https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody_watching_the_news_of_sri_lankas_crumbling/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Assisting in African Gemstone Corruption](https://www.reddit.com/r/Superstonk/comments/tysagm/bcg_stole_patented_technology_that_guarantees/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[German Political System](https://www.reddit.com/r/Superstonk/comments/u2lm0g/the_kraken_is_everywhere_boston_consulting_group/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[German Military](https://www.reddit.com/r/Superstonk/comments/tnhggs/german_military_consulting_affair_was_a_big_thing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[World Economic Forum](https://www.reddit.com/r/Superstonk/comments/tosz70/the_final_boss_the_world_economic_forum_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Isabel Dos Santos hired BCG to exploit Angola's natural resources while the country suffers from poverty, illiteracy, and infant mortality](https://www.news18.com/news/world/how-us-firms-helped-angolan-rulers-daughter-and-africas-richest-woman-exploit-her-countrys-wealth-2464665.html) + +[BCG consulting for Saudi Arabia for the 2030 World Cup bid](https://www.consultancy-me.com/news/3870/saudi-arabia-taps-us-consultancy-for-2030-world-cup-bid) + +[JP Morgan Chase CEO Jamie Dimon started out his career at BCG.](https://en.m.wikipedia.org/wiki/Jamie_Dimon) + +[https://www.reddit.com/r/Superstonk/comments/tnd5ny/bcg\_entered\_greece\_in\_2001you\_cant\_make\_this\_shit/](https://www.reddit.com/r/Superstonk/comments/tnd5ny/bcg_entered_greece_in_2001you_cant_make_this_shit/) + +[Ken Griffin and BCG Connection began in the 90's](https://www.reddit.com/r/Superstonk/comments/tnaow9/article_from_2001_discussing_ken_griffins/) + +[Ken Griffin and BCG relationship with Leslie Wexner](https://www.reddit.com/r/Superstonk/comments/u7pcjs/shadowban_on_op_ucruxhub_too_post_about_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[BCG caused the Great Recession](https://www.reddit.com/r/Superstonk/comments/ugr6ni/huffpost_the_boston_consulting_group_caused_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[BCG Keeps Lucrative Saudi Alliance, Shaping Crown Prince’s Vision](https://www.nytimes.com/2018/11/04/world/middleeast/mckinsey-bcg-booz-allen-saudi-khashoggi.html) + +[Willaim Penn Foundation files ethics complaint on BCG](https://www.reddit.com/r/Superstonk/comments/tnjaqo/we_still_digging_dirt_on_bcg/) + +[Federal Reserve to Study Payments Fraud and Security Vulnerabilities with BCG](https://www.frbservices.org/news/press-releases/032918-study-payments-fraud-security) + +[BCG Formation Digital Adventures](https://bcgdv.com/venture/formation/) + +[Boston Consulting Group's links with Malaysia's 1MDB scandal](https://www.reddit.com/r/Superstonk/comments/toli2i/boston_consulting_groups_links_with_malaysias/) + +[BCG Web of Corruption](https://www.reddit.com/r/Superstonk/comments/u5rqs2/web_of_corruption_v10_is_back_in_black_should/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[The Amazon Web Services + Boston Consulting Group Partnership](https://www.reddit.com/r/Superstonk/comments/tncqzl/the_amazon_web_services_boston_consulting_group/) + +[Bill Bain](https://en.wikipedia.org/wiki/Bill_Bain_(consultant)) + +[BCG Research](https://www.reddit.com/r/Superstonk/comments/tnjmwf/bcg_research/?utm_source=share&utm_medium=ios_app&utm_name=iossmf%0Ayou%20might%20be%20able%20to%20find%20more%20in%20here) + +[Netherlands Tax Scandal](https://www.reddit.com/r/Superstonk/comments/tnujn8/so_the_netherlands_has_this_tax_scandal_going_on/) + +&#x200B; + +I'll be updating this post as comments and DM's **WITH SOURCES** become available. +I'm interested in real world experience of whether switching your car to eco mode has made any noticeable difference in fuel efficiency. I've heard of these modes being marketed as saving up to 25% in fuel costs, and I'm curious as to whether that's actually borne out in practice. + +Is this a valuable money saving technique in these frugal times, or is it just not worth it? +People always start with stocks or options or even forex. If they have a CS background they start with algos. I rarely meet people who start learning how to trade by actually learning how markets work. Chart reading and coding are cool but it’s essential to start your education where “the rubber meets the road.” + +New traders, old heads, all of you—please chime in. + +What are y’all’s thoughts? +Job 1 Salary: $90k + +Job 2 Salary: $95k + +Job 1 Bonus: 10% + +Job 2 Bonus: 15-30% + +Job 1 comes with one-time 10% signing bonus, pre-tax. + +Here's my pickle. Job 1 is what I want to do long-term and will give me an "in road" towards that path, but slightly more risky. Job 2 is what I've been doing, and I am good at it, but I don't want to be Job 2 for the rest of my career, but more of a stable option. It's hard passing up a 30% bonus though. I might still have an option to get into the Job 1 industry even if I take Job 2, but there's no guaranty. Any advice on how I go about deciding? +We have been and still are more than one step ahead of the short hedge funds. + +Wanna hide your FTDs in deep ITM puts months off in the distance? Found you! +Wanna route your buys through dark pools to not affect price? Found you! +Wanna hide your Captial in offshore accounts? Found you! +Wanna stay up late preventing your demise? Well, they make that quite easily actually. + +What I am trying to say is that we have amassed the most knowledgeable group of apes and r'tards that can rip every single move of theirs to bits. + +As always, expect fuckery, but they're out of options. It's been a can kick for months. + +Just think, you've seen the clip, Citadel did everything they could to survive just one more day after 2008. They were fine in the run up till the markets crashed, just think how now they're bleeding to death. When the market pops, they are done for. Gone. Hedge funds are spiraling towards a financial black hole and GME is going to suck it all up. + +This is the end for hedge funds, they've enjoyed a 40 year financial fuck fest of screwing the little guy. Not anymore. + +How terrible of me, I forgot these + +🦍🚀👉🌑💎🙌 +Interesting article in Bloomberg: + +https://www.bloombergquint.com/global-economics/2018/06/28/is-debt-the-new-working-capital-for-the-millennials + +How many of you live with this philosophy? Would love to hear opinions. +Was talking to my uncle who lives in tier 3 city and gist of the discussion was + +>**Bank FD has fixed but almost guaranteed return with No expense cut like Mutual funds and No risk like the direct stock investment. And you get compounding interest in Bank FD too.** +> +>**We spend all time to research about MF, Stocks etc just to get little more than bank FD, right? No knowledge required to create an FD in the bank and it safe too. Use this time to develop a skill for active income.** + +&#x200B; + +&#x200B; +https://markets.businessinsider.com/news/stocks/tesla-china-demand-exceed-500000-delivery-target-wedbush-ives-2020-12-1029891680 + +That's according to Dan Ives, a Wedbush Securities senior tech analyst, who said in a note to clients on Sunday that demand from China could help Tesla reach or possibly exceed it's once implausible goal of 500,000 deliveries by the end of 2020. Ives sees Tesla surging 56% from current levels to $1,000 a share in his bull case scenario. + +"We believe the company is tracking to another strong month of December in China which could be the tipping point to get Musk & Co. to hit/exceed its 500k annual delivery target, an achievement not even on the map for the Street going back to the late spring/summer timeframe," Ives said. + +"The China growth story is worth at least $100 per share in a bull case to Tesla as this EV penetration is set to ramp significantly over the next 12 to 18 months, along with major battery innovations coming out of Giga 3 and elsewhere throughout the China EV supply chain," the analyst added. + +Thanks for the awards. +Im gonna be in the navy for 6 years. Is it advisable to save up as much money as I can. So once I get out i can start buying houses with a va loan, live in it for a year then refinance it when I want to buy another house? Or should I buy a house in every city I get stationed at? +Essentially what the title says. I'm brand new to real estate investing, but I'm looking to buy a duplex or rental home within the next 9 months. Aside from browsing this subreddit and some googling I really am uneducated on all the fundamentals. I really want to read several books and better educate myself before jumping in. Any recommendations on books that cover everything A-Z? Books that explain it simply, or books that really helped you? Any suggestions are appreciated. Thanks +All in solid B+ areas & well maintained. All with great rental history and quality tenants. Rents averaging maybe 10% below market. + +Other than listing them all for sale individually, what are my options? +What can we do to get rid of the low effort, help-me-pump-this-stock style posts? + +There are so many high-quality questions and discussions on this sub, but we get obnoxious "look at my lotto numbers!" posts that are rising to the top. There's plenty of space for that over at /r/wallstreetbets, but these low effort posts wouldn't even make it on Wallstreetbets competing with their hilarious memes and videos. + +If you're going to post, you should be following the rules of the sub. Give sufficient details for a discussion, don't ask people to think for you, and don't post trades without context or strategy. + +Edit: Also, thank you mods! I had no idea how much work was already going into keeping the sub civil and friendly. +Curious to hear why you think real estate agents are the main go to for property sales? One stat I found from 2016 said only 1% of homes were sold without an agent. I doubt this number has changed much. + +Is it because of local sales knowledge, sellers not confident in price negotiation, having existing contacts, wanting a third party to look after the entire process? + +If you sold recently, why did you use an agent? +My partner and I have everything locked in to purchase a property that we really like. Settlement was today. + +The realtor calls us yesterday (one day before settlement) to say the air conditioning has broken and the quote to fix it is $8000. + +We prolonged settlement for two weeks due to finance, and for this reason she says we should go 50/50 with the seller to fix it. + +It’s a bit of an uncomfortable situation. + +We went $20,000 over budget through negotiations with the seller to begin with. +We don’t feel responsible for paying it but their argument is that if we went on the original settlement it would be 100% our problem and that this is fair for everybody. + + +What would you do? Would you pay to fix the air con? Would you not? + +Really torn. +https://markets.businessinsider.com/news/stocks/peter-lynch-big-short-michael-burry-passive-investing-stocks-bubble-2021-12 + +Fabled stock-picker Peter Lynch recently criticized the shift toward passive investing, warning buyers of index funds and exchange-traded funds that they're losing out on superior returns. Michael Burry, the investor of "The Big Short" fame, has also complained about the trend and cautioned it could be disastrous. "This move to passive is a mistake," Lynch, who delivered an annualized return of 29% over 13 years as the manager of Fidelity's Magellan fund, said in a Bloomberg Radio interview that aired this week. "People are missing the boat," he added, noting that he expects the best active managers to consistently trounce the market. + +Meanwhile, Burry called the passive-investing boom a "bubble" in a Bloomberg interview in 2019. The Scion Asset Management boss observed that the trend was sapping interest in smaller, undervalued securities around the world. "There is all this opportunity, but so few active managers looking to take advantage," he said. Burry also suggested the dearth of active managers was stifling shareholder activism. Passive managers tend to be less confrontational with company executives, whereas Burry wrote several letters to GameStop's directors in 2019. He called for a board overhaul and criticized its executives' compensation, acquisitions, and lack of share repurchases. The Scion chief revisited the subject of passive investing in a September tweet. He warned the flood of millennial money into index funds and ETFs was fueling unsustainable valuations and putting the stock market in a precarious position. "Parabolas don't resolve sideways," he said. +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; +Tesla is about to announce 2Q deliveries around 250K at best, most analysts have, with the usual delay (what is up with these 'professionals') dropped their expectations to 275K, with little idea what they are doing (there are some very good Tesla fanboi's out there with far better accuracy). + +Tesla has over 800,000 cars under investigation bythe NHTSA: + +[https://www.caranddriver.com/news/a40260652/teslas-autopilot-nhtsa-investigation-recall-possible/](https://www.caranddriver.com/news/a40260652/teslas-autopilot-nhtsa-investigation-recall-possible/) + +Its CEO has just declared Texas and Berlin (sic) are losing billions: + +[https://www.reuters.com/business/autos-transportation/musk-says-teslas-new-car-factories-losing-billions-dollars-2022-06-22/](https://www.reuters.com/business/autos-transportation/musk-says-teslas-new-car-factories-losing-billions-dollars-2022-06-22/) + +2 years after promises of robo-taxis that are dead in the water with multiple investigations of 'self-drive' in many countries under investigation: + +[https://www.gizmodo.com.au/2022/02/germany-is-the-latest-country-investigating-the-safety-of-teslas-autopilot/](https://www.gizmodo.com.au/2022/02/germany-is-the-latest-country-investigating-the-safety-of-teslas-autopilot/) + +...other companies move ahead with self-drive taxis in big cities around the world, including the US: + +[https://techcrunch.com/2022/04/27/baidu-pony-ai-win-first-driverless-robotaxi-permits-in-china/](https://techcrunch.com/2022/04/27/baidu-pony-ai-win-first-driverless-robotaxi-permits-in-china/) + +[https://www.theguardian.com/technology/2022/jun/03/california-driverless-taxi-cars-san-francisco](https://www.theguardian.com/technology/2022/jun/03/california-driverless-taxi-cars-san-francisco) + +Cybertruck and the Tesla semi delayed time and time again, whilst Daimler, BYD and others already sell BEV semis' in US and other markets and Ford moving ahead with the electric F150: + +[https://www.bloomberg.com/news/articles/2022-05-26/ford-f-150-lightning-first-sale-goes-to-would-be-tesla-cybertruck-buyer](https://www.bloomberg.com/news/articles/2022-05-26/ford-f-150-lightning-first-sale-goes-to-would-be-tesla-cybertruck-buyer) + +[https://www.forbes.com/sites/alanohnsman/2022/05/13/big-rigs-going-electric-as-navistar-cummins-daimler-rev-up-next-generation-trucks/?sh=423c49da419d](https://www.forbes.com/sites/alanohnsman/2022/05/13/big-rigs-going-electric-as-navistar-cummins-daimler-rev-up-next-generation-trucks/?sh=423c49da419d) + +[https://en.byd.com/truck/](https://en.byd.com/truck/) + +[https://northamerica.daimlertruck.com/emobility](https://northamerica.daimlertruck.com/emobility) + +Whilst Tesla is about to announce 250K deliveries for April, May and June, BYD announced 114,000 plug-ion sales in May alone, in locked down China: + +[https://insideevs.com/news/592015/byd-plugin-car-sales-may2022/](https://insideevs.com/news/592015/byd-plugin-car-sales-may2022/) + +To add to the 105,000 in April. + +Whilst Tesla remains the leader in Europe in terms of model sales in 2022 (in part because the other companies offer multiple EV's), it is only in third place by brand, by virtue of the underperformence of Hyundai and VW, who guess what, also have massive demand for EV's they cannot meet due to supply issues. + +[https://cleantechnica.com/2022/06/27/11-of-new-car-sales-in-europe-electric-19-plugins/](https://cleantechnica.com/2022/06/27/11-of-new-car-sales-in-europe-electric-19-plugins/) + +The list of competitive and regulatory hurdles for Tesla goes on and on and on..... +I in no means want to sound condescending, or like a terrible person, but I was raised in such an idyllic situation. My mom was a SAHM, my dad had a great job. I grew up naively thinking this kind of life would be possible for myself. + +My SO has had a lot of mental health problems lately and is now not working. I've been in school, and now all of a sudden I'm a school dropout working two jobs and barely making ends meet. I feel like everyone I know looks down on me, sometimes I have to choose between buying groceries or gassing up my car. + +It gets SO bad SO fast :( + +Idk what I meant to gain from this, I just feel so alone and stressed beyond belief right now +At less than 2 weeks old, StarShip is SafeMoon on steroids -- SAME tokenomics but with very REAL and coming USE CASES. STARSHIP WALLET just announced -- will add the standard 0.2% fee for ALL cryptocurrency transactions to LIQUIDITY. + +Just zoom into the beginning stages of SafeMoon and you will see StarShip is following the SAME trajectory. This means 5x is IMMINENT in the coming days, so get in while it is ON DEEP DISCOUNT. + +Liquidity is LOCKED -- no rugpulls here! Every transaction increases liquidity and, in turn, the price floor! + +10% transaction fee: 5% of all transactions (half of fee) is added to liquidity and 5% (the other half) is redistributed to holders!! You heard that right -- You, yes YOU, could be enjoying a portion of 5% of ALL StarShip bought OR sold! All you have to do is HOLD! Some members have already increased their bags by 100% just by holding! + +Celebrity endorsements/shout outs include: + +* Hard Factor -- top40 podcast view snippets [here](https://twitter.com/HardFactorNews/status/1390353818634833920) +* Trinidad James -- view the tweet [here](https://twitter.com/Trinidadjamesgg/status/1390397432735965191) +* Sam Pepper -- view one of many tweets [here](https://twitter.com/sampepper/status/1390076976434610176) +* Krolus -- view the Spanish AMA [here](https://www.youtube.com/watch?v=kLZ821bC_kE) +* Uno the Activist JUST SIGNED as Ambassador Elite + +StarShip has also agreed to be the featured token for clothing print firm SWRM’s new cryptocurrency collection! + +CoinGecko listing could *literally* come at ANY time--don’t miss out because we all know what happens to coin prices when they are listed on CoinGecko or CoinMarketCap! + +In less than 2 weeks since PancakeSwap launch, StarShip has: + +* Passed 8M market cap! (2.5M right now--GREAT ENTRY--we are at the price floor!) +* Recruited over 2,200 troopers (holders) +* Increased liquidity by over 7300%! (3K USD to 223K USD) +* Developed a community of over 3,425 members and still growing rapidly! +* Burned 600K tokens of the 20M max supply +* Passed audit with Solidity +* EXTENDED liquidity lock until end of December 2022 + +Future announcements include: + +* MORE celebrity shout outs and partnerships +* Community AMAs +* CoinMarketCap listing +* StarShip Wallet release +* Top 10 exchange listing +* ...and much more! + +The icing on the cake is the TEAM behind StarShip. They are absolutely PHENOMENAL in their DRIVE to get this coin the attention it DESERVES -- working COUNTLESS hours everyday! + +So DO NOT MISS OUT and please, please, PLEASE ensure you are at the right social media, as there are other Starship tokens using this token’s content and attempting to piggyback off of its success! + +Website: [https://starshipbsc.finance/](https://starshipbsc.finance/) + +Twitter: [https://twitter.com/StarShipBSC](https://twitter.com/StarShipBSC) + +TG: [https://t.me/starship100](https://t.me/starship100) Español: [https://t.me/starshipesp/](https://t.me/starshipesp/) + +Chart: [https://charts.bogged.finance/?token=0x52419258E3fa44DEAc7E670eaDD4c892B480A805](https://charts.bogged.finance/?token=0x52419258E3fa44DEAc7E670eaDD4c892B480A805) + +Liquidity lock: +[https://dxsale.app/app/pages/dxlockview?id=0&add=0x1E8715659C164B19bE1A0e7bb5dc9a34ff0b4AE7&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x1E8715659C164B19bE1A0e7bb5dc9a34ff0b4AE7&type=lplock&chain=BSC) + +Contract: + +[https://bscscan.com/token/0x52419258E3fa44DEAc7E670eaDD4c892B480A805](https://bscscan.com/token/0x52419258E3fa44DEAc7E670eaDD4c892B480A805) + +Purchase: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x52419258E3fa44DEAc7E670eaDD4c892B480A805](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x52419258E3fa44DEAc7E670eaDD4c892B480A805) + +As usual, this is not to be taken as financial advice. Do your own research, but I’m positive you will be convinced after some digging. +**Mello Token launched publicly 4 days ago and has already 50x’d!!!!!** + +**💸Mello PAYS its holders MELLO REWARDS just for holding!!!!!!💸**With 684+ addresses and growing every hour, you MUST get in now!!! There is NO TELLING how much your investment will grow over the next couple of weeks, months, and YEARS!! Mello is already proving its worth, as well with our 2.5 million market cap and especially by its fast-growing community! + +The Mello Development Team is shockingly dynamic, diverse, TRANSPARENT, and TALENTED … they have wasted NO time. Not only will Mello soon be one of the **🔥TOP🔥** tokens out there… but the Mello team is planning to launch the most interactive and advanced virtual crypto Casino experience EVER! But that is only the beginning.. Mello plans to launch the first… + +**VIRTUAL REALITY CRYPTO CASINO** 🎰- Imagine putting on your VR headset and instantly being transported into a fully immersive casino experience!! + +**Mello Token’s Long Term Goal** [📅](https://emojipedia.org/calendar/)\*\*:\*\*To create the best at-home casino in the world, powered by a token that PAYS PLAYERS BEFORE THEY EVEN PLAY!!!😁🤑 + +**BUY MELLO!!!!!** + +**MELLO TOKEN ROADMAP:Q2 2021** + +* ✅ Launch +* ✅ Pre-Sale +* ✅ Website and Social Media Development +* ✅ Launch on PancakeSwap +* ✅ Apply for CoinMarketCap and Coin Gecko Listings +* ▶️ Form Legal Entity +* ▶️ Token Audit + +**Q3 2021** + +* ▶️ Develop Mello Virtual Casino Environment +* ▶️ Build and Design Platform and Infrastructure +* ▶️ Stress-Test Site for Security and Traffic Capacity +* ▶️ Obtain Casino Licensing in the UK +* ▶️ Refine Global Expansion Roadmap +* ▶️ Begin Raising Funds for Casino Operation +* ▶️ Launch Stable-Token for use in Virtual Casin + +**Q4 2021** + +* ▶️ Audit Mello Virtual Casino Platform +* ▶️ Approve Launch and Operations with Competent Bodies +* ▶️ Final Testing Launch Mello Virtual Casino in the UK Begin Global Expansion Process +* ▶️ Form Strong Partnerships + +**▶️ ENTER THE VIRTUAL REALITY PHASE…** + +[🌐](https://emojipedia.org/globe-with-meridians/) **Website:** [MelloToken](https://MelloToken.com) + +**🔄 PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x651bfbb26455294408aabc61a7adf427bf149898](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x651bfbb26455294408aabc61a7adf427bf149898) + +[📰](https://emojipedia.org/newspaper/) **SubReddit:** r/MelloToken + +**💻 Discord:** [https://discord.gg/SGzE5Cns49](https://discord.gg/SGzE5Cns49) + +**📡 Telegram:** [https://t.me/mellotoken](https://t.me/mellotoken) +My dad has offered to apply to the council for planning permission to build a mini flat type building in the garden for me, just a bedroom, bathroom and living room. He's offered to pay for everything and said I can stay there as long as I like whilst I save up/build up my career. + + +Do you think this is a good idea? Are there any downsides? + + +Thank you! +I recently posted in r/PF about car buying, and it got lots of interest, suggesting many people visit r/PF for car-buying advice. +---------- + + +I also came upon [this old post](https://www.reddit.com/r/askcarsales/comments/2reoes/how_to_shop_for_a_used_car_for_the_faqs_feel_free/) by u/Micosilver (a car salesman) that I found thoughtful, well written, and incredibly, incredibly, incredibly helpful b/c it basically held my hand through an otherwise complex and scary process. I just wanted to share it here b/c I think it will help others, and b/c it didn't get enough love when it was first posted. The original text: +---------- + + +How to shop for a used car. + +With a few exceptions – it really doesn’t matter what car you buy. There is no secret list of good or bad used cars, because any car could be a good car FOR THE RIGHT PRICE. So if a model is unreliable – it will have a worse reputation, which will lower the going rate. If you want a more reliable car – you will have to pay more, and even then there is no guarantee that your specific car will be trouble-free. Even behind the most reliable brand dealership there is a service department, and they do stay busy. While most people go for the same brands and models that have good reputation – it might make sense to go for the cars that are not recommend by any guides, because you might get much more value for your money. + +More expensive (luxury and performance) brands and models will be more prone to problems, and they will cost more to fix, but they provide a better driving experience, safety and image, so you do get something for your money. If you don’t care for anything other than basic transportation – go for the cheap brands and models. + +Buy privately or from a dealer? A franchise dealer or a used car lot? A private seller is a gamble. It could be a nice car that the owner is trying to maximize the value by selling it themselves instead of trading it at the dealer. Or it could be a nightmare car that they are trying to get rid of because it might fall apart at the next light. + +So your best bet will be a franchise dealer that specializes in the brand you are buying, preferably Certified Pre-Owned, if it’s an option. CPO programs vary by brand, and they are not a 100% guarantee, but they should give you some assurance together with an extension of warranty. A dealer provides you a better assurance that you are not buying a problematic car. A dealer is required to make sure a car is safe, and a dealer has a reputation to maintain. If a dealer has a car with issues – he can easily dump it through an auction, and it will become someone else’s problem. + +Next best thing is a franchise dealer that has an off-brand car, which was most likely traded in. The dealer was probably able to take it in trade for an amount low enough for them to recondition the car and sell it for some profit. Again, the dealer will be unlikely to go through the problem with a bad car that can come back to haunt them with issues. + +Then there is the used car lot. Your risk is higher, those lots go out of business all the time, so you have very little recourse, but you will be paying less. Remember those cars that reputable dealers don’t want to deal with and send to an auction? Used car lots buy out these cars, patch them up, and sell them for as much as they can. Your last options is a private seller. A private seller is a gamble. It could be a nice car that the owner is trying to maximize the value by selling it themselves instead of trading it at the dealer. Or it could be a nightmare car that they are trying to get rid of because it might fall apart at the next light. + +Pre-purchase inspection: it is a common advice to have any used car pre-inspected by an independent mechanic. Overall it is a good idea, with a few exceptions and footnotes: + +If the car is still in warranty or is certified – inspection is an overkill, and the only thing you can get out of it is find out whether the car has been in an accident. If a used car in warranty has any major mechanical issues – it will be fixed under warranty. Don’t be surprised of a dealer refuses to let you inspect a car like that. + +Some dealers don’t allow pre-inspections at all. They might not want to take the car off the lot for half a day for you to decide not to buy it or to come back with unreasonable offers. In the meantime – there could be a serious buyer with cash in hand on the lot. + +Now, what can an inspection tell you, and how you should take it? The mechanic doing the inspection might have an agenda that is different from yours – he might want to justify his pay by pointing out too many problems. He might hope for you to still buy it and to bring it to him for more work. Then how can you tell what issues are normal and are to be expected in a used car? You can take any car off the road, run it through an inspection, and the mechanic will recommend on average $1,500 in repairs, which you can ignore and still drive the car for a few good years. Bottom line – again, used car is a risk, and you have to decide what is the right balance of risk, and the price you are willing to pay. + +Private purchase: unless you have cash in hand – it will be difficult to put a purchase with financing. You CAN get a loan on a privately bought car, but it requires some work. You have to get a general approval, then you will have to get the actual loan for the actual car, and the bank will decide the amount based on the book value of the car, you will have to coordinate this with the seller and the bank, and until the seller gets paid – he can back out of it at any time, and you are back to the start. + +Then there is another risk of dealing with a stranger and large amount of money. Don’t expect the seller to accept anything other than cash or a cashiers check. Meet in a public, well lit place, like a bank. Before you make the purchase – refer to your state DMV website for exact instructions on what paperwork is required to transfer the ownership and to register the car. Does it have to be smogged? Do you have to have a clear title? How can you verify that the car is paid off? Do you have to pay sales tax? If you are buying out of state – you will have to check both states to make sure you are in compliance. Sounds scary? It is. This is why dealers charge more, and now we will talk about buying a car from a dealer. + +Once you decide on the model and brand – browse online listings. You have no business going to a dealer without having an idea of what you want to buy. Right now my favorite source is Autotrader – they provide a lot of tools that let you narrow your search down, and 99% of dealers list their inventory there. + +Make sure that you are looking at cars that are within your budget, and not hope to negotiate a lower price before you even look at the car. If you can’t afford the asking price – you can’t afford it. + +Now, the biggest issue that brings the most questions: the price. One thing you are to realize is that the market has changed a lot in the last few years, and if you haven’t bought a car in a while – it will be a different experience, and the good news is that it is easier and much less stressful that it used to be. + +Here is how it used to be before the Internet: while there were classified listings in newspapers, most people shopped by visiting dealers, because there were no tools that would let you cross-shop and compare live inventory between different dealers. It was easier to go to a dealer lot, browse available cars, pick one, and hope to negotiate a deal. You could use a guide like Kelley Blue Book to gage whether the price was good or not, but in the end – you had to make a decision to buy there or to move to the next dealer, and if other dealers would not work out – by the time you got back the car could be sold. It takes a lot of time, and used car shoppers don’t have a lot of time to spare. + +Here is what is happening now: since you can go online, narrow down available inventory by age, mileage, distance and even options – you see right away what is the going rate, and who offers the lower price. Dealers started to realize that if their asking price is higher than average – phones don’t ring, and cars don’t sell. When before they could hope to get people in and lower the price – now no one even comes in, because trying to negotiate thousands off a price against a professional salesman is just as fun as having your teeth pulled. First they learned to check the market before pricing out a car and to keep adjusting pricing of unsold cars to match the market rate. Next evolution was introduction of software services that do that for dealers. They use it when they take cars in trade or buy them at auctions, when they price cars, when they adjust prices to move aged inventory. The data is out there, all the software does is put it together. Let’s say the dealer has to take a car in trade. He punches the details of the car in the system: year, model, mileage, options. The system pull available matching inventory listed within 200 miles, calculates average and median price, calculates back how much the dealer has to pay for the car so that after reconditioning and assumed profit – they can price it below market average. Also the system will check auction history, and it will show how much similar cars sold at dealer auctions in the last weeks, so the dealer can see how much they car hope to get at an auction or buy similar cars. + +What does this means to you as a shopper: + +Profit margins are lower, and there is much less room for negotiation. Dealers simply can’t afford pricing cars high, hoping that someone will just bump into it and pay the price. + +Dealers adjust pricing all the time, so if a car sat on a lot for a long time – it doesn’t matter much, as long as it is priced competitively. If you found the lowest priced car – others will find it too, and dealers don’t need to discount it any lower. + +Once you found one or a few potential cars that match your requirements and price – you are ready to contact the dealer. It would be nice to be able to continue shopping and negotiating from your couch, get the best price, have the dealer tell you everything about the car and hold it until you will make up your mind and find time to go and buy it – but in reality things are a bit more complicated. Dealers have no interest in giving you more information than what they have to in order to get you in the door. Most dealers will post photos, videos, car history reports, but in the end you will have to do your due diligence in person – check out the car and drive it. If the dealer priced the car right – he doesn’t have to commit to a lower price over the phone or email, because it is obvious that you are already interested, and they definitely have no interest in taking the car off the market on the off chance that you will actually show up, agree to the car and buy it. + +So when you contact the dealer – your goal is to make sure that the car is actually still there, that it is ready and not still going through service or body work, to confirm options that are important to you, and to make a solid appointment. You want to make sure that you are meeting with a specific sales person, and not just a generic appointment set by a call center agent, that you know who you are meeting, exact time, and that the car will be actually there. Statistically about half of appointments show up, so dealers don’t put a lot of faith in them, and they might not even bother checking that the car and the sales person is ready and available – you want to make sure your appointment is different. Confirm it one day before, and one hour before. + +You could ask them about the price – what is the lowest price they will see it for, or whether they will negotiate, but be ready for vague, non-committal answers or for simple refusal to discuss it. Don’t put much faith in promises made remotely, and don’t bother making offers. Your best chance on getting a lower price is in person, once you saw the car and ready to buy it. + +When you are there in person – check that you are looking at the actual car you saw on line – same VIN. Make sure it has the advertised options – websites and software make mistakes, it is your responsibility to check it before purchase. Test-drive it. Seriously – drive it before you move forward. It doesn’t matter if your cousin has one like that. It is not enough if you drove one at another dealership – drive the car you are considering buying. Make sure that are no warning lights, everything works, and it drives well. + +After you drove it – it is decision time. Are you ready to own it now? There are 3 answers to this question: you are ready to own it now for the asking price (it doesn’t mean you are going to pay it), you are ready to own it for some price, or you are not ready no matter what – either there is something wrong with the car, or you feel that you have to see and try something else before making a buying decision. If you are not ready own it – state so, thank the sales person for their time and leave. It might be harder than it sounds, you might have to have to talk to a manager, but you just have to stay calm, don’t get baited by promises of some incredible deal, and repeat that you are not ready to own this car at any price. They might through numbers at you – don’t put much faith in them, they have no obligation in honoring them. + +If you are ready to own it – say so, and be ready to sit down to talk numbers. Hopefully you did your research, you know what the market rate is, how much similar specific cars in the vicinity are priced. You should know what guides like KBB, Edmunds and NADA say a car like that should be priced. + +Now, about guides: they are just that – guides. You can use them to your advantage, but don’t get emotionally attached to what they say, because KBB is not going to sell you a car or buy one from you. In the end market rate and your desire to own the car will determine what the price will be. Guides vary from one to another – how would you know which one is right? Some cars will sell well below the guides value because of market conditions, some will sell for much more, because it is a unique car, desirable configuration or low mileage. The only thing a guide will really determine is the amount you can finance, because a bank will not lend you more than a specific percentage of the “book value”. + +Show time: you are sitting down against the sale person, and you get into the dreaded negotiation. First – you don’t have to negotiate. If you found the lowest priced car, you think the price is fair, you are ready to buy, you want to get it over with before the car gets sold – you could just buy it. But no one likes to leave money on the table, and if you are up to it – you can make a run for it. Here is how to make it simple and easy: + +State that you are ready to buy it now. Be ready to discuss financing, tell them how much down payment you have, fill out the credit application. This shows commitment, and it indicates to the sales person and their manager that they are close to selling something, it gets them involved in the process. + +Same something in the lines of: “I am ready to buy this car now, but the price is too high. I am willing to pay this much, and this is why: …” + +There are only two valid reasons to why you are offering less: You either have research to show why the car should be sold for less (market rate, cheaper similar car being sold nearby, lower book value), or this is simply what you can afford. Things salespeople don’t care for: cheaper cars sold 500 miles away, cheaper cars sold privately, supposed bad condition of the car you want to buy. Reasons like that mean nothing, they just show you as an inexperienced negotiator, and they annoy the dealer. You don’t want them annoyed, you want them anxious to sell you a car, not to fight you. Don’t make it personal. + +How much you should offer? Your offer should be reasonable, but with some margin built in to give up. Going up on your offer shows good faith, and it lets the dealer feel like they are winning. + +It is normal for the sales person to “third party” use a real or imaginary decision maker like a manager. Don’t fight it, don’t insist on being in a hurry or talking to the manager. If you are to save a large sum of money – you will have to work for it, and a couple of hours is worth it even if you save only $500 of the sales price. + +So you make or offer, and the sales person will either say that he will check with the manager, or that it is too low, in which case you tell them to still check with the manager. + +The dealer makes the next move: they might accept your offer, they might make a counter offer, or they might say that it is too low. If they accepted, or make a counter offer that is agreeable to you – you are done. If their offer it too high, or there is no counter offer – you use your negotiation buffer to raise your offer, and state that this is your final offer, and see what happens. + +I the dealer is not willing to budge, or they are not moving from their last offer – this is a decision point for you: you can accept the offer if your research shows that it is fair, or you can try your last resort – walking away. Politely explain that this is more that you think you should pay or can afford, tell them to contact you if they change their mind, and leave. They might catch you at the door, out on the parking lot, or call you an hour or a day later. Or they might let you leave. If they let you leave and didn’t contact you – you know your offer was too low. If you do this right, stay calm and appear reasonable – it will likely not come to that. + +Process of financing, trade, dealer fees, paperwork – it will be the same as a new car purchase, except for one thing: warranty. Read thoroughly to understand what comes with the car. If it is a CPO – make sure you have proof the car is certified. Most brands will post conditions of their CPO programs on their website. If it is not certified and out of warranty – does the dealer offers any kind of warranty? Is there any kind of return policy? Do you have to pay for it? Is there a return/restocking fee? If they offer you a service contract – extended warranty – read through it. Can it be cancelled? Can it be purchased later? If it is not in writing – it is not real. + +Long distance purchases: 99% it is not worth it. Out of state purchase creates issues with paperwork. You shouldn’t not buy a used car sight unseen without driving it. You don’t have any leverage in negotiation, because when you contact the dealer from 500 miles away – it tells the dealer that one of two things is happening: they either have the cheapest car within 1,000 miles, or they have the only car within 1,000 miles that you want. I might go through the motions of working out the paperwork to ship you the car out of state, but if a local customer shows up ready to take delivery – you best believe I will rather sell the car to him. + +Things to look out for: + +If a dealer refuses to provide a vehicle history reports such as Carfax or Autocheck –either walk away or consider getting your own. Don’t buy a car without it. + +If a dealer doesn’t post a price – don’t bother. This means that this will be a grind, and the dealer is stuck in the eighties. + +Fees: there should be no fees added to a price of a used car. Destination fee, handling fee, reconditioning fee, CPO fee – all of these are tricks, signs that you should not even be dealing with the dealer, let alone pay them. + +You should know the advertised price of the car the day you shop for it, get it off the dealer’s website, print it out. You should not have to negotiate just to get the Internet price. + +There should not be any requirements for rebates to qualify for, the Internet price should not be “after X amount down”, or any other conditions to get the advertised price. Any of those are signs telling you to walk away. Dealers that use these tricks will not learn unless enough people will stop giving them their money. + +Finally, remember that you are buying a used car to save money, but there is a reason it is cheaper than a new car. In most cases – used cars are sold as is, because even a perfect car can suddenly develop issues. A car might through a warning light just as you leaving the dealership, and you are at the mercy of the good will of the dealer. We have a saying: “If you bought a car “as is”, drove it off the lot, and it broke in two halves – you own both halves”. There is no Lemon Law in regards to used cars. A pre-inspection is not a guarantee. + +Think about these things when you are making decisions and browsing for cars – it might make sense to pay more now to avoid paying later, and it might make sense to pay for a peace of mind. +FIRE **requires** infinite economic growth on a finite planet. We're told from our first spoon-fed lesson of econ 101 that any impediments to growth will be bulldozed out of the way by innovation. + +Except, our very economic growth is now cooking the planet. We vaguely recognize the issue, yeah, but we have not come to grips with the full reality of what it means. We keep seeing heads of state fly off to climate conferences to make 'commitments' with absolutely nothing behind them. Look at the IPCC reports, and almost all of the scenarios outlined require carbon air capture (a technology decades away from maturity) deployed to a greater extent than we've ever deployed *any* infrastructure, and backed by near limitless clean energy. + +In short. The news is not good. The world we know today will soon be irrevocably changed. It's questionable whether human civilization as we know it can survive another century. Just about every prominent scientist studying climate change acknowledges this, but puts on a brave face and insists there's still time, but what most don't say is that they're just hoping to salvage as much as possible while we're still able to muster a coordinated response. + +Now, with that said, I don't believe the world is 'ending'. I don't even think that the worst effects will happen in my lifetime. My question is, what do you think happens to our investments after a couple bad decades, and the business community slowly comes to grips with what's to come? Do you really think investment returns will support you for another 50 years? + +The future is unknowable, but the scale of the problem is undeniable. I can only look at this issue for so long until I simply can't bare to think of it anymore, bury my head in the sand, and tell myself everything will be ok. + +Has anyone here undertaken major life changes to try and prepare for this? I'm not talking about abandoning all rationality and becoming a crazy prepper in the woods waiting, but short of that? Has climate change made you reconsider where you'll live in retirement? Have you taken up homesteading or tried to organize a more resilient community? What's your 'plan b' if returns don't support your retirement? + +--- + +edit: + +Ok, perhaps FIRE does not require infinite economic growth, but FIRE but I think FIRE would prove *very* difficult during a period of low returns and high inflation. I think that could easily come about if the market fundamentally missprices the risks of climate change, and we have higher inflation. If you want to see what such a period looks like, go plug the mid 1960's or 1910's into a retirement calculator. Now consider, would climate change be a better or worse scenario than those start points? +Hey gang, +Hope you and yours are well :) +I know this sub isn’t for career advice but given my situation the finance angle is a consideration, plus you lot often get me thinking in ways I hadn’t considered so it helps. + +I’m 32, wife and I have paid off our home (long story) I make 90-95k PA presently in my role and my wife stays home to look after the little ones (3 year old and a 1 year old) though she will return to work part time in the new year. + +The politics of my organisation are driving me nuts as they refuse to punish ineptitude nor will they embrace positive change, it’s Groundhog Day with the same easily fixed issues. + +Better men than me have tried to change it but failed however the money is slightly better than elsewhere in my field, I work okay hours (8-4) and I love my team- we are actual mates. + +Do I; +A. Keep fighting the good fight and try to make change (likely ruining any chance of advancement) + +B. Sink into to darkness, take the money and become complicit the problems + +C. Find some other job and it will probably be okay. + +Edit: +Thank you for your help everyone- I’ve decided a combo of B until C is the way forward. +Thank you all again for your insight. +Alright, this is one among only a few potential big movers in biotech that is safe to play - legit company with a revolutionary cancer drug, that has a **real PT of $25 EOY** and **PT $200** if they get acquired and that's what we are hoping for. It is sitting just **below $11 at the moment.**Technical analysis: **MACD triggering bullish crossover and above average volume on the daily.**Fundamental analysis:  + +* Easy acquisition for [$AMGN](https://twitter.com/search?q=%24AMGN&src=cashtag_click) [$VTRS](https://twitter.com/search?q=%24VTRS&src=cashtag_click) [$RHHBY](https://twitter.com/search?q=%24RHHBY&src=cashtag_click) compliments G-CSF sales $8B combined globally, and is I/O target off the radar, enhances dendritic cells, mobilizes CD34+ +* Plinabulin used to treat the highest risk chemotherapy patients in the US is a market of 225,000 people, and with at least 3-5 cycles per chemo treatment that's 675K to 1.1M doses of Plinabulin +* Plinabulin is used in combination with G-CSFs which sell a combined $5B in the USA and $8B globally every year. It's a perfect buyout target for a G-CSF selling pharma company to enhance their sales and maximize their sales force such as [$AMGN](https://twitter.com/search?q=%24AMGN&src=cashtag_click), [$VRTS](https://twitter.com/search?q=%24VRTS&src=cashtag_click), [$RHHBY](https://twitter.com/search?q=%24RHHBY&src=cashtag_click) +* Increasing patient quality of life, and reducing risk of neutropenia, Plinabulin gives patients the highest probability for survival by continuing their chemotherapy regimen at the maximum dose and duration. +* Febrile and Profound Neutropenia patients are treated with G-CSFs that cause the bone marrow to release white blood cells, but also cause severe bone pain in patients. Plinabulin effectively, almost, eradicates this bone pain. +* If you check the ownership structure, you'll it is positioned to dominate US and China. +* Recently raised $75m, overall analyst ratings is **BUY** + +The amazing news is they have announced their drug is not only very effective in treating cancer, is safe and reduces bone pain but also increases chance of survival of colon cancer, liver cancer and other patients.[https://www.beyondspringpharma.com/pressreleases/info.aspx?itemid=4252](https://www.beyondspringpharma.com/pressreleases/info.aspx?itemid=4252)BeyondSpring is a global, clinical-stage biopharmaceutical company focused on the development of innovative cancer therapies. BeyondSpring’s lead asset, plinabulin, a first-in-class agent as an immune and stem cell modulator, is in a Phase 3 global clinical trial as a direct anticancer agent in the treatmentof non-small cell lung cancer (NSCLC) and Phase 3 clinical programs in the prevention of CIN. The U.S. FDA granted Breakthrough Therapy designation toplinabulin for concurrent administration with myelosuppressive chemotherapeuticregimens in patients with non-myeloid malignancies for the prevention of chemotherapy-induced neutropenia (CIN).Institutional ownership: [https://fintel.io/so/us/bysi](https://fintel.io/so/us/bysi?utm_source=twitter&utm_medium=social&utm_campaign=owner) +$BYSI is the next GLSI very soon if we are lucky. +My wife and I are \~50, and we've only reframed our retirement goals in the last two years or so. Previously, we were the most bougie people possible: planning to retire in our mid-to-late 60s, figuring out how to maximize social security payments, and having what would be (by then) a healthy nest egg that would let us pick our retirement spot of choice and settle in with few worries about our finances. On the other hand... that's +/- 65 years old. As many people have said over the years, "tomorrow is promised to no one." We love to travel; I know that's a cliche, but we exclusively vacation overseas and our google map called "Oh the places we'll go!" has multiple layers and hundreds of pins. + +So, we started re-doing the math. (re: the title of the post, we are 46 and 51 years old at the time) If we don't need to own a home in a relatively HCOL region, things get cheaper. If we leave the United States entirely, things get \*a lot\* cheaper. Plus, our biggest likely expense in retirement, travel, gets completely reworked if we start from a European hub instead of an American one. Even at this relatively late stage of life, if we employ most of the common strategies here in /r/financialindependence we were able to project a comfortable retirement at 55/60 instead of 60/65. + +And then, just this week, we realized that one of the tentpoles of our plan wasn't even necessary. We were planning on using the "golden visa" program in Portugal, which while it's an investment and not just a cost, tying up \~$400k-$550k for several years was a stretch goal. It was fine, that was what we were bearing down to achieve over the next 5-ish years. But, if we skip that and just go the more traditional visa route, we don't need that nut. We can live on the nut we've been accumulating (largely in home equity) until we hit the first of our significant 401ks. (I mentioned we're old farts that have been doing things the old-fashioned way, right?) In other words, instead of counting down the next 6 years here, in the old work/life model, we'll be counting down in our dream retirement environment. We've now pinky-promised ourselves that the next time there's a hiccup in either of our careers, instead of retrenching to make the next several years work, we're saying "to hell with it" and FIRE-ing. + +It does mean we aren't going to be living a life of (middle-class) luxury. We'll have to consider when to eat out and and when not to. We won't be taking the Orient Express just to fulfill an (incredibly expensive) wish list item. But, we'll get to all of the museums and archaeological sites, the beaches, the mountains... all of it. And we're far more likely to be healthy enough to enjoy it, even if we won't be in our 40s like some of the other success stories in here. We're very appreciative of the examples that are found in here, and I encourage any other lurkers to change your sensation of "I can't do what they're doing" (if that's what you've got) into "I can do something more than I have been doing." Retiring even a few years earlier than your friends, family, financial advisor etc... tell you is right will feel incredibly liberating. +Thinking about grabbing a few machines for a fun room...one or two pinball and one or two video games. They seem to go from $5k-10k as refurbs depending. Purchase price doesn't dissuade me. + +What I'm wondering is: what's the story with ongoing maintenance? Is it hard to find? Very necessary? Other gotchas? Anyone with ownership experience I'd appreciate your insights. + +(I'm inspired to ask by an experience with an extremely expensive but touchy commercial espresso machine...service was always an ordeal). + +TIA. +EDIT: I asked and I received. Lots of good points here. I think I'm going with my gut here and staying put. I'm on easy street right now and should really only leave for the job that seemingly 'checks all the boxes'. This one doesn't. Therefore the decision is clear. I see friends and family every other weekend so it's not like I'm deprived - It just takes more effort than usual to do so. Thank you all. + + +25..I already know which way I'm leaning. I just want someone to play devils advocate with me. + +I work for a big defense contractor 3 hours from home/friends/family. Extremely stable. + +Got offered a 100% remote position for virtually the same amount of money. Benefits not quite as stellar. And it's in the aerospace industry. + +Pros: I love aerospace. I can work from parents house near friends. No more rent. Much better area. + +Cons: 4th job in 3 years. insignificant pay bump. Unstable industry and company. + +FWIW, I WFH here and there currently anyway. i take weekend trips back home consistently. + +On one hand, I want to just chill out in an area for more than a year and get some experience. I'm set up well where I'm currently at. But on the other, I know I will eventually be moving home. So maybe I should just rip the bandaid off. +What are some companies that y’all see hitting dividend aristocrat/King status in the next 10-20 years? I like investing in stable companies but the companies of today might not be the ones of tomorrow(cough cough AT&T). Are there any companies that seem to be planning to head towards that line but aren’t quite there just based on timing? +I am not quite an accredited investor, but I have some mentors who are. They have shown me some insights into their investment opportunities. A lot of these opportunities out perform my current investments in index funds. + +Is this the norm? One of my mentors said, "This is why the rich get richer. They have better opportunities available just due to the fact that they have more capital." + +What experience do you have investing in opportunities that are only available to accredited investors? What was the first opportunity you took once you became qualified as an accredited investor? How did you find out about that opportunity? +Can anyone speak to their experience at/thoughts on exclusive members only social clubs? I live in a VHCOL city as a young adult and am considering joining. However, I’m not sure how much value I would actually get out of these types of clubs. + +I have a large social circle in my city so it’s not like I’m looking for new friends, but I can see it being a good way to enhance my professional network if I’m willing to step outside my comfort zone and truly dedicate the time to use the facilities. On the other hand, it might be an unnecessary use of money that I could otherwise invest. + +Spent some time researching online and couldn’t find much, so figured this sub would be a good place to ask. Thanks in advance. +[https://www.sec.gov/comments/s7-32-10/s73210.htm](https://www.sec.gov/comments/s7-32-10/s73210.htm) + +[https://www.sec.gov/rules/proposed/2021/34-93784.pdf](https://www.sec.gov/rules/proposed/2021/34-93784.pdf) + + Electronic comments: +• Send an email to rule-comments@sec.gov. Please include File Number S7-32-10 on the +subject line + +Please submit any comments you may have toward this rule change. The deadline is soon. +Is there an options trader here, who genuinely makes money trading? I have seen many, on youtube, twitter and instagram who claim to be profitable, but it's far from reality. I have lost hope of consistently making money out of trading. +So I've been in this sub for quite some time and like many people, were first drawn to the premise of FIRE from a blogger. I think everyone on this sub gunning for FIRE are smarter than average and realize that these bloggers have supplemented their incomes with blogging. How much is the question? I've also seen many people that were genuinely curious at the detailed breakdown of blogging. Whether this is because it's been your childhood dream to blog about something you're passionate about, or you think it is your way to salvation to your FIRE dreams (it's probably not), i think there are many people that want to know how much bloggers make and hopefully this post helps. + +Most of these bloggers hit their FI numbers long before they really started making money from their blogs but nonetheless, they are earning passive incomes from writing online. How much this amount is rarely shared and i think people speculate wildly and of course some bloggers are much more successful than others. I've also seen many people on this sub keen on how people started up blogs and how they've managed to monetize their blogs. As someone that is almost FIREd, here is a rundown on my website and how much I made in 2019. This post will be a summary but if you want the detailed breakdown with charts and stuff, you can visit my page (link at bottom of post) + +It's not easy to make money from blogging so please don't think because I created something that generates money, it is an easy move for you. I wanted to shed some light on the subject and I know plenty of people here are keen to create a blog of some sort before or after FIRE so hopefully this will help or inspire! + +&#x200B; + +**Blogging is not factored into my FIRE #** + +Full disclosure, I am almost at FIRE (probably in the next year or two) but it is completely separate from my blogging activities. I work a full time job (Earning 200k+) and the blog was merely a hobby started many years ago and only recently started to generate noticeable amounts of money. I don't count the blogging income into my SWR as it is still a relatively new profession and past success does not guarantee future returns. When I FIRE, my SWR will be purely from my investments. + +Nevertheless, it is something i truly enjoy doing and whether I FIRE with $1m, or $10m, I would continue to blog regardless. The extra cash is just a nice perk on the side. I'll use the extra cash for fun spending money, reinvesting in the markets or taking punts on single name stocks. Who knows? + +&#x200B; + +**What is my blog about?** + +My blog is not really related to the topic of FIRE but rather a travel blog. I guess these things kind of go hand in hand like Gocurrycracker. I started it when i was living abroad many years ago to document my experiences and just kept writing stuff over the years about places I've traveled to. I've also written a bunch of posts about how I take advantage of US credit cards and fully engage in hustling the crap out of them for travel benefits. I've not written much in the sense of FIRE besides making a spreadsheet tracking Net Worth (which you can find if you google "Net Worth Spreadsheet", it should be one of the top 5 results). + +So in summary, it is a blog about 5 years old that is about travel. Blogging takes a lot of work if you actually want to monetize it. I feel lilke people here think "oh they're a blogger so they must make lots of money". It couldn't be further from the truth. Sure there are plenty of bloggers that do make money but the vast majority never do. It takes a long time to write quality content, consistently while at the same time optimizing your SEO. Nowadays, it's very easy to make a blog look nice because of all the premium themes out there but it can't make up for quality content which takes a long time to write. I've written about 250 posts and each post is somewhere between 2000-3000 words. This means I've written almost a million words and who knows how many pictures. + +I never had the intention of making money in the beginning because I enver thought it would become anything. However, the money generated is just a nice affirmation that you have created a product on all your own that is "worth" something. It's a nice feeling to get compensated for something you enjoy. + +&#x200B; + +**How much traffic do i get?** + +Traffic is of course wildly important for generating income on a blog. It's pretty linearly correlated; the more traffic you get, the more money you can earn. In 2019, my traffic increased significantly as the year went on so saying what the average over the year is not so accurate. So i'll use the last quarter's traffic as this is a better indicator for future traffic. This is not to say my traffic won't decrease because of certain factors, but it would also increase too. + +For q4 of 2019, I had roughly **1,500** unique visitors a day and roughly **2,200 page views** per day. This translates to 50,000 unique visitors a month and 70,000 pageviews a month. With this amount of traffic, you can start earning some cash. As of the beginning of 2020, I have been getting almost 2000 unique views so hopefully it keeps growing. + +&#x200B; + +**How do I earn money from blogging?** + +Before I write a single word, let's preface it by saying EVERYONE has different ways of making money. How I mak emoney is not how another blogger would. There are probably much better ways to monetize that I've not been exposed to but this is merely how I made the amount of money i did for 2019. + +* **Advertisements: S**elf explanatory. Running ads through Google Adsense and Ezoic, which is an ad optimization service that has really beefed up my ad revenue. This is probably the easiest way to make money if you have enough traffic because you just set it and forget it. Of course, running too many ads (which I probably do) reduces the readership experience and likely to increase your bounce rate (percentage of people that leave your website reading only one page). Nevertheless, I'm still relatively new at this so will adjust this accordingly. +* **Sponsorships:** This is probably how the big bloggers make most of their money. They don't need to run ads anymore because they have such a big following that big companies will pay said blogger to advertise a specific product. I get some of these from small travel agents. I also post sponsored post which is a post I may write about a specific travel topic and I'm linking it to another company that then pays me for said post. +* **Affiliate Programs:** I use booking.com as my affiliate program. When someone clicks a link that I have on my blog with my affiliate ID, makes a booking, I get a percentage of that booking. Other people use Amazon affiliates where they can link to a product on Amazon and if they reader buys it, they get a percentage commission. These are great for people running fashion blogs, tech reviews, etc. but I just never really got into this. +* **Social Media:** Everyone probably knows about those people making crazy money on Instagram these days. That is not me. I enjoy social media but could never be bothered to really build it up. I make no money from Social Media but i know many travel bloggers that make a killing. Youtube is also another huge revenue generator for some people but just never something I've invested enough time into. +* **Bespoke products:** This is just certain services and products you offer your readers. This can be things like selling e-book, photography services, social media management, e-courses etc. For me, this is travel planning. i've planned out numerous honeymoons to Africa in the past year. I've not charged anything for it but just asked the couples to book their accommodations using booking.com which then i generate commission (see bullet above). I plan to start charging a nominal fee for this in the future. + +&#x200B; + +**How much did I earn in 2019?** + +So now that you know how I made money on blogging, this is how much I made: + +Advertisements: **$5,500** + +Sponsorships: **$3,500** + +Affiliate Programs: **$3,000** + +Expenses: **($100)** \- This is primarily costs from hosting and a few premium Wordpress plugins. + +Total 2019 Profit: **$12,000** + +If you want a detailed breakdown of that number with charts,you'll have to go to my blog. + +&#x200B; + +&#x200B; + +**Projections for 2020** + +2020 is looking good. Ever since I moved to Europe for work, there's been lots to write about and i've seen a pretty solid growth of traffic in 2019 that was probably more SEO related than content, but nonetheless I hope that trend carries forward into 2020. If i extrapolate my q4 2019 to 2020, I should hopefully make around $16,000-$18,000 or more in 2020. Let's see what time brings! + +&#x200B; + +**How much do the big guys make?** + +So there you have it. How much I made in 2019 from a blog that you'll never have read before. So someone writing about financial products like FIRE bloggers with the type of traffic that gets sent their way by the press, reddit etc, it is easy to estimate they could make well into the 6 figures for blogging. Of course, not everyone is MMM. He was first to market and really capitalized well on the movement in the beginning. He is an outlier along with many of the other FIRE bloggers. While I will never make 6 figures blogging, I am totally content with growing my little mini presence online and making a few bucks doing it. +I’m 22, full-time student and part-time worker and I’m about to be renting for the first time. + +It’s an apartment, 390 a week, splitting with somebody else. I’m looking for tips on saving while renting. So far I’ve: + +- Cancelled all streaming services ($76 per month total) The person I’m living with has access to their family’s + +- Sworn off Uber Eats and Uber (the apartment is opposite Woolworths) + +- Put together things to sell and a couple things to return that will probably net me a few hundred altogether (Mostly clothes) + +- Planned to start meal prep + +I’m applying to Centrelink tomorrow also. I’m looking for some tips on how to cut corners while renting, any at all would be much appreciated. Thank you! +Is there something someone knows that I don’t. every other post on here hinting at some impending crash and it’s all doom and gloom. There’s no crash unless another 2008 like crash or 9/11 or something worse than COVID happens you guys need to relax seriously. You guys see a small dip and start to panic . It’s you guys on panic mode that could stir a negative reaction. +I've gotten very lucky and will have 600k+ just from salary and bonuses received this calendar year. I've maxed 401k, in the middle of a backdoor roth IRA, but I don't know what else I should do. Can I spread this income over multiple years? I have no solo 401k or anything like that. Links welcome. +Following the great advice I got on my other post I wanted to follow up with this thought that has been on my mind for a while. Background first: 38 years old, no kids, recently separated from GF. Senior manager living in HCOL (but low tax) country. About 1.6m in company stock (partly locked), 200k in other investments, 200k cash, 300k in condo equity. Annual income of 240k. + +I really enjoy my job but I've reached the ceiling from a money perspective (unless my boss has an accident). Switching jobs would come with a loss of unvested stock and require me to work pretty hard to prove myself in my new company while I'm currently pretty well established in my company. Hence I'm thinking why not reduce work quota to 80% and get an extra day off per week. It's not uncommon in my company for mothers to do so, although it would probably be seen as a bit weird for a single guy to do so in order to go kite surfing and snowboarding more often. Of course it would come with a 20-25% reduction in pay. + +My thoughts: I can still achieve 90% of what I do now despite the reduction, just need to cut down on meetings and time wasters. Why work so hard now so that I have time when I'm too old to do the stuff that I like? And extra day off per week would take away a lot of the pressure I feel now on weekends to do fun stuff. + +Would be curious what the crowd thinks! +I currently use AmEx Platinum for personal and business, but I'm looking for cashback vs points as I read cashback is considered a rebate on spend--not income--thus not taxable. + +Monthly spend is currently ~$150K, but I can switch expenses to a card to get $1M+. I don't need that many AmEx points (almost exclusively used for flights). + +Are there more exclusive cards that have better cashback or incentives? I'm considering CapitalOne Spark Cash Plus charge card for 2% unlimited rebate+spend, but I've heard Chase Ink Business Premier is 2.5% over $5,000. Almost all of my business spend is over $5K mark. But I can't find a link to sign up for the Chase card. Any insight and experience is appreciated! + +Edit: Winner is BoA Unlimited Cash + Preferred Rewards. +**Are our markets under a coordinated financial attack?** We thought MM were tinkering with things behind the scene, but there is an actor with tons of capital squeezing our MM in the USA, draining liquidity as MM face increased losses and are unable to provide transactions for people trying to hedge in these financial markets, and bringing about these engineered drops in the stock market. The timing of this is not coincidental given that we are currently engaging the coronavirus amidst the backdrop of an election year and instability with the oil pricing war. I've created this thread with /u/bemusedfyz after hashing out these thoughts. + +**Part I. Firms/Hedge Funds are Net Short Gamma Resulting in MM Buying Calls to Provide Liquidity** + +In a bull market, firms purchase calls to be long gamma. MM try to capture rebates by taking on the opposite positions since they do not physically own the security. + +**"This means that whenever a market-maker fills an investor's buy order, the MM is facilitating the trade by shorting shares. \[1\]"** + +They have to go short in order to sell a security they do not own (this is why they are exempted from short selling). In the other case, during a downturn, firms want to hedge using puts and become short gamma, thus MM must take on calls. As people previously noted in my posts, if there is a buyer of an option, there has to be a MM selling the option to provide the liquidity. How then do MM make profit? They make profit from rebates by providing tighter spreads compared to other MM. By narrowing the bid/ask spread, MM keep the rebate, creating very thin margins. Thus, volume and liquidity are key to profits for MM. + +**Part II. How Options Inform Price Action by Identifying the Real Money Flows** + +People have been asking "how do you know which options for SPX/SPY being purchased are purchased by actual firms for a position?" I've been using 3 key metrics to inform me of the direction of intraday trading, and I will explain them more in another thread: + +1. Strike/Expiration +2. Block Size +3. Correlation with volatility, gold, and treasuries + +Options data within the last 10 minutes of close has been particularly informative of the direction of the following price action. During the close on Tuesday, volume was strong on the buy side as we bounced from the June 2019 low, and we broke back into the 285 channel which was previously strong support indicating a bullish signal (Figure 1). + +[Figure 1: 3\/10\/20 and 3\/11\/20 SPY Chart](https://preview.redd.it/npzk20opjqm41.png?width=2130&format=png&auto=webp&s=ab92a2d280fab8b65b0538984f12604c18186308) + +If someone was purchasing large amounts of puts (this was not just Tuesday, but last Friday and Monday as well), then MM were hugely positioned unfavorably with calls on the opposite end of the trade. Immediately after trading, we had a huge fade immediately after close. **There has been strange price action where TLT fades, which indicates more liquidity being brought into the indices along with the short cover rally**. **However, right after the close, we immediately fade hard and futures dump.** MM therefore need to hedge by trading futures, or by delta hedging and selling shares at the open with a significant loss, magnifying selling dips. This is similar to how autists discovered during a rally, MM delta hedge by purchasing the underlying equity contributing to the rally. + +Delta hedging refers to either having an opposing option with equal magnitude of delta, for instance a straddle, or by purchasing shares of the underlying stock. One key disadvantage with delta hedging is that MM can over hedge if the spot price of the equity changes unexpectedly overnight. This is referred to as **gap risk**, and compounds with **the inventory MM hold** overnight, often referred to as **inventory risk**.\[2-3\] The overnight moves create huge gamma and vega swings to the inventory of MM who hold overnight, which subsequently create a period of selling or buying which magnifies the intraday swings as they try to reduce their vega or gamma exposure. + +>... is subject to residual risks due to stochastic volatility and unhedgeable overnight moves in the stock price. These risks highlight the need to keep the Vega and Gamma of the dealer’s inventory under control, and this is reflected in the dealer’s quoting strategy.\[4\] + +Given that we dumped on Wednesday and dropped below 285 support, institutions need to hedge with more puts given the uncertainty about retesting the June 2019 low. More puts purchased by funds, more calls purchased by MM. What happened Thursday and Friday (Figure 2)? + +[Figure 2: 3\/12\/20 and 3\/13\/20 SPY Chart](https://preview.redd.it/wrgfx8w0kqm41.png?width=2130&format=png&auto=webp&s=780e573d407e05b4b7cd721ded33273c0fbcb0da) + +Futures limit down on 3/12/20. No matter what, the market opens -5%. Within 5 minutes at the open, the market hits the second circuit breaker at -7%. MM are stuck with short term calls, and need to offload losses by selling like crazy to delta hedge magnifying losses. Then what happens on Friday 3/13/20? Limit up. We next quickly hit one of the largest intraday rallies of all time. + +**Part III. MM Cannot Access Repo Despite Requiring Liquidity** + +During trading on Thursday, the Fed announced an unprecedented amount of Repo operations. 1.15 trillion dollars, signifying significant issues in the market. I stated this before open on Friday. + +>8 am - Yesterday, the fed offered more than 500 billion in repo. Only 78.4 billion was taken. Today, the Fed just offered more than 1.1 trillion in repo for today. What are the signals? Why is Wall Street not taking the money for liquidity? Check this out: [https://www.biancoresearch.com/the-moment-in-this-decline-has-arrived-2/](https://www.biancoresearch.com/the-moment-in-this-decline-has-arrived-2/) +> +>This could possibly be way worse than 2008. +> +>8:30 - 24.1 billion in repo taken. Last update will be 9am. +> +>9:00 - 45.1 billion. +> +>Net repo: 86.5 billion out of 1.15 trillion + +**"Dealers are telling me they badly want the $1T in repos, but can't take it. Post-crisis rules, among so many different regulators (Basel 3, Fed, OCC, FDIC, etc) make it nearly impossible for them to take the money. They are telling the Fed their problems. The Fed had no clue."** + +[https://twitter.com/biancoresearch/status/1238461580314120193](https://twitter.com/biancoresearch/status/1238461580314120193) + +During Thursday's trading, we broke the support. Due to breaking previous supports and being oversold, I had puts. But also noticed huge call volume. If someone is buying calls, MM need to be net "short." Futures limit up. MM need to quickly buy the rally in order to delta hedge, creating an epic rally for the past decade. + +**Part IV. The End Game** + +Someone is taking advantage of the MM delta hedging by limiting down or up futures, vastly opposite of the price action more often than not without regard to support or resistance levels. MM are left bagholding their positions and delta hedging, magnifying the rallies or dips. + +Repos are not being adequately uptaken due to existing regulations. What happens when liquidity issues arise despite decreasing volatility? MM need to enlarge the spread in order to further manage losses. + +IV was going down on Friday during the rally, as VIX began dropping. The only way for the option value to decrease is if MM started enlarging the spread, in order to capture diminishing rebates. The only way the bid value is increasing is if a MM is facing liquidity issues, since they cut into the rebate. What happens when these firms become stressed and unable to provide liquidity? Firms will be unable to purchase options with good bids or at all. If people are not able to hedge or use financial derivatives, losses will accumulate such that there will be a mass liquidation event such that it is no longer tenable to hold any positions. + +What happened immediately after close Friday? + +Throughout the day there was massive amounts of put buying. Immediately close to the cash close, more puts were purchased. At the cash close, we fade hard. Immediately after, /ES gaps down more than 2% after the close on Friday. /CL gaps down more than 3%. + +The news during the weekend last week for the oil price was dropped during Sunday before markets opened, causing a limit down last week. **Energy is the market**. Saudi Arabia is a strategic partner with the US in the Middle East, and asking Russia to aid in production cuts to raise the price of oil. However, Russia refused. Saudi Arabia is not taking these measures to attack US energy markets by increasing production. Despite this, is Russia interested harming US interests? Perhaps. It's possible to think there is another player. And they know that US markets cannot access repo money and are short in liquidity, creating a unique attack vector, straight at the heart of the US financial system. + +[https://news.bloomberglaw.com/securities-law/mnuchin-says-hes-seeking-to-keep-financial-markets-open](https://news.bloomberglaw.com/securities-law/mnuchin-says-hes-seeking-to-keep-financial-markets-open) + +**“We intend to keep the markets open -- that’s a sign of confidence for people,” Mnuchin said in a CNBC interview early Friday.** + +It is not only MM that require repo money. Banks lend out their credit lines to others. It is these businesses that are lent the money that will be the hardest. Given these market conditions, and if they persist, the government needs to intervene and shut down markets. + +We are already facing close to limit down on the Weekend Dow on Saturday. Sunday Futures are likely to limit down. **This will probably be compounded by either worse impending virus news or more bad news in the energy markets.** To combat this, Trump has stated the US intends to significantly add to the US strategic oil reserve to put a floor on the price of oil. However, these are being used as a cover to justify lower prices, when in fact, the markets are being engaged possibly by economic subterfuge to reduce liquidity. Someone is purchasing huge options positions before close with MM take the other side of the trade. Futures limit up/down, creating large gap/inventory risk, reducing liquidity for the markets. + +**tl;dr Banks and MM are facing forced liquidity issues by someone taking advantage of limit up/down, exploiting gap and inventory risk. Banks and MM cannot take on repo due to regulations to correct liquidity issues. Funds and trading desks need MM to purchase puts/calls. Cannot purchase them due to MM having liquidity issues with worsening bid price, magnifying rallies or drops as MM delta hedge. If firms cannot stop losses without hedges, they will liquidate everything. This will create a mass panic sell off, which will therefore require the government to shut down the market.** + +**tl;dr of the tl;dr Circuit breaker Monday. Possibly two.** + +Update 1: /u/Sushies, /u/satorikang both explained the positioning is probably long gamma on the puts, not short at this stage. Thanks. + +Update 2 3/15/20: I'm writing this example if a firm is taking a collar position in terms of options. + +Firms undergoing losses: + +[https://www.bloomberg.com/amp/news/articles/2020-03-13/bluecrest-shrinks-from-relative-value-trades-amid-losses-exits](https://www.bloomberg.com/amp/news/articles/2020-03-13/bluecrest-shrinks-from-relative-value-trades-amid-losses-exits) + +[https://www.bloomberg.com/news/articles/2020-03-14/dalio-s-macro-fund-plunged-about-20-this-year-as-market-tanked](https://www.bloomberg.com/news/articles/2020-03-14/dalio-s-macro-fund-plunged-about-20-this-year-as-market-tanked) + +H2O assets + +Bluecrest + +Ray Dalio + +Update 3 - Liquidity news + +[https://finance.yahoo.com/news/plumbing-behind-worlds-financial-markets-131618535.html](https://finance.yahoo.com/news/plumbing-behind-worlds-financial-markets-131618535.html) + +[https://www.bloomberg.com/news/articles/2020-03-14/traders-nightmare-liquidity-vanished-when-they-needed-it-most](https://www.bloomberg.com/news/articles/2020-03-14/traders-nightmare-liquidity-vanished-when-they-needed-it-most) + +Some numbers, 7% drop, 200% Fib at 247.94. 13% drop, December 2018 low 233.86. + +&#x200B; + +&#x200B; + +\[1\] - [https://squeezemetrics.com/monitor/download/pdf/short\_is\_long.pdf?](https://squeezemetrics.com/monitor/download/pdf/short_is_long.pdf?) + +\[2\] - [https://www.forbes.com/sites/petertchir/2015/09/03/mind-the-liquidity-gap/#2259300073fc](https://www.forbes.com/sites/petertchir/2015/09/03/mind-the-liquidity-gap/#2259300073fc) + +\[3\] - [https://www.sec.gov/divisions/riskfin/seminar/venkataraman0313.pdf](https://www.sec.gov/divisions/riskfin/seminar/venkataraman0313.pdf) + +\[4\] - [https://people.orie.cornell.edu/sfs33/StoikovSaglam.pdf](https://people.orie.cornell.edu/sfs33/StoikovSaglam.pdf) +First of all let me put a little disclaimer here: I'm 100% convinced that GME is going to get squeezed to ridiculous numbers one way or another. I had a little doubt in early February, but I still bought more at $48 and on February 24th I lost any doubt and ever since then nothing really changed for me. I'm not making this post to curb people's optimism, but because I believe that instilling public opinion, even if it's positive on GME, based on misunderstanding is not the way. + +&#x200B; + +Since yesterday the most talked about subject is the "reported" 49% quarterly loss by Melvin. Even beside the fact that this is coming from "an annonymous source" I think that people are too quick to think "Melvin just lost 49%, they are going to get margin called on Monday". Now, let's take a step back: 49% **first quarter** loss. If you're holding since January you would remember that Melvin lost [53% after the January events](https://www.fnlondon.com/articles/melvin-capital-lost-53-in-january-due-to-gamestop-and-other-bets-20210131). Then they allegedly gained 22% in February and then lost 7% in March. + +Let's say at the begining of 2021 they had X amount of money. In January they lost 53%, so they are left with 0.47 X. In February they gained 22% of that, so they had 0.57 X. In March they lost 7%, so that's 0.53 X or -47% between the begining of the year and end of March. + +Conclusion: if you're following GME since January and heard about the 53% loss in January then the 49% first quarter loss is no news at all. + +Ultimately I don't think it really matters in the context of the squeeze, because like I said, to me it's gonna happen one way or another, but I just think that we should strive to spread the best quality of information we can. This is just an example, but in general I feel like a lot of (reasonable) speculations (backed by data indicating they are likely correct) are treated as if they were hard evidence and undeniable facts. Or sometimes people get the facts straight, but come with conclusions that are still questionable. +Since the inception of this trading subreddit and since the beggining of retail trading, there has always been two groups: smart money and dumb money. Smart money moves the market, dumb money is reactionary. If you can't figure out which group you're trading along with, chances are you're dumb money - and that's what most day traders are. The trollbox is filled with these people. You can spot them when they ask things like "ETH to $5 tomorrow?" "ETH hitting $15 within 24 hours?" "Why is it falling/rising?". So many people will trade a financial instrument without understanding its use and fundamental value and will only rationalize and justify their entry AFTER they are in the trade (and usually after they are in the red). + +Movers and Shakers + +The market movers are the whales, banks, hedge funds, individuals with deep pockets. These people will never tell you what they are up to. And if they ever do broadcast their positions, it will only be to benefit themselves. This doesn't mean that you should take the opposite side of their position or jump into the same trade as them, this advice is for the new daytraders who are looking for a handout. If you are a good, consistent trader, chances are your expendable cash is in the 6 or 7 figures. The crypto markets are too thin for someone with 7 figures to get into a position and then decide to do an altruistic deed by helping out other traders who choose to not do their due diligence. + +The whales don't owe you anything. This is a business and every trader is a competitor. The smaller day traders might share information between each other just like a town will work together to help each other out, but you won't see Amazon or Walmart helping out a little "mom and pop" shop any time soon. Just like banks work together to move the markets against retail traders and traders from different regions, so to can the whales band together and create shakeouts to take money from a 1000 day traders and distribute it amongst themselves. + +Traders' Folly + +No matter how good of a trader/investor you are, you've surely had your bad days. And no matter how bad of a trader you are, you've also had profitable days. I always keep 3 quotes in the back of my mind while trading: + +- The market can stay irrational longer than you can remain liquid. +- Be fearful when others are greedy and greedy when others are fearful. +- A broken clock is right twice a day. + +The first quote is to keep me from staying in a position that I know may be right position, but initiated during the wrong time. As your position goes deeper and deeper in the red, you might be panicking and telling yourself, "I did all the analysis, the fundamentals line up, good news came out, market sentiment is bullish, so why is this going down?" For your sake, it doesn't matter why it's going down. If you don't have enough money to weather the downturn/pullback/shakeouts, then you are overleveraged or entered at the wrong time, therefore you need to get out before you and your ego get burned. + +The second quote has made me a good amount of profit over the last week. The trollbox can sometimes be the best indicator. There is no doubt in my mind that the whales have accounts that implement FUD/Hype in the trollbox. But the interesting thing is that they don't need to do this. When a whale initiates a big buy order and price begins to rise, the dumb money piles in, raising the price with each order and doing the heavy lifting for the whales while getting into a position at a worse reward to risk ratio than the whales. Along with that, they need to justify their positions by hyping it up and getting as many people the same position as they possibly can. Just ask yourself, "how many people with 250 BTC+ accounts are broadcasting their positions and how many <10BTC accounts are boradcasting their positions?" Chances are, the bigger accounts are keeping to themselves. As a matter of fact, they stand to gain more from giving out the exact opposite information to help create liquidity for themselves. If any of you read the daily price discussion from yesterday and today (3/7-/3/8), you'll know that the overwhelming majority of traders believed that the price was going to continue falling and even accelerate further towards the downside. The weak bulls were losing hope and the weak bears were gaining confidence. And what happened? ETH rose 25% within 6-12 hours. + +The third quote is to keep your mind from wandering to the self-proclaimed analysts who post pictures of charts with indicators that are pointing heavily in one direction and then using these numbers and giving it the same weight as a news story or an announcement of large capital infusion. Lurk long enough on this subreddit and you'll see the same names over and over again being extremely bullish or extremely bearish when market conditions are in their favor, but when markets are going sideways or even against their position, they're silent. No where to be found for days until the market corrects itself. That's what most analysts are on Wall Street. The majority of them will not make any risky reports like "Oil hits bottom, will see $100 a barrel by 2018." Most of the time these analysts won't even give you specific entry and exit positions and specific timeframes, they'll just tell you that the market will go up eventually. By how much? For how long? When will it start? If you can't answer those questions, then you're not an anlyst, you're dumb money following the trend and hoping you don't lose your account. Or you're an analyst because you don't feel comfortable enough in your knowledge of market conditions to actually place a trade. + +Manipulations + +People with a lot of money most likely didn't get to that position by making sure that everyone else had a fair shot at the piece of the pie. Don't put anything past them. If a person has 250k to play around with, you should expect that they will implement foul play to protect their downside. It doesn't take a lot of skill to create a Hype/FUD bot that can control multiple accounts and chant phrases to help pump or dump their position. Also, I don't know how much effort or money is used to create the lag that Kraken has experienced several times over the last few months, but I'm almost certain that it's profitable enough for the whale(s) to keep doing it over and over again to help manipulate price and spread fear. + +TL;DR + +If you can't spot the sucker, it's probably you. Take every trading signal from others with a grain of salt and always question everyone's intentions. After all, good entry signals are basically free money. Why would a stranger want to give you free money? + +If this information was helpful for you in any way and you would like to see more stuff like, please leave some feedback [here](https://www.reddit.com/r/ethtrader/comments/49mmms/would_you_guys_be_interested_in_a_site_dedicated/). Based on the response I can gauge whether it will make sense to create a website teaching new and intermediate traders how to trade properly. +The Swarm City team have just released the MVP of Boardwalk that is available for use on swarm.city. Despite the fact that it is one of the first working, directly usable DApps delivered on time, its release hasn't received remotely the attention it deserves IMO, which motivated this post. + +It is an app that allows peer-to-peer transactions involving the Swarm City token (SWT). Despite the fact that the app still has a few rough edges and probably some bugs and its seeming simplicity, it utilizes three pieces of bleeding-edge tech: smart contracts, IPFS and Whisper, and it clearly works. + +The basic idea is that there is a hashtag under which people may post requests for services at a certain price in SWT. They receive publicly viewable offers (price counteroffers from service providers aren't available), one of which they can choose. Once a client selects a service provider, two things happen: + +1) Both the client and the service provider have their accounts debited by the stated amount of SWT which is put on escrow. + +2) They can chat privately. + +Once the service in question is rendered and the client is satisfied with it, she can initiate the payout, whereby the service provider receives both the payment and her deposit. The reputation is handled in a simple way: each completed transaction gives one reputation points. + +Some important tips: + +The app can be used on as many devices as you want by creating a back-up file of the original user and transferring it + +There is only one hashtag #pioneer available at the moment. Everyone who wants to transact should transact under this hashtag. The creation of new, more targeted hashtags like #needaride will be enabled soon. + +Make sure there is a certain amount of ETH on your address in order to pay for gas for transactions. + +If you have a lot of SWT don't hold large amounts on the wallet used in the app + +Disclaimer: I am invested into SWT, and because of that, but also because I am a big enthusiast of blockchain tech, I'd like to see it succeed. +I just spend some time researching Tether. For those who don't know this crypto is supposed to be pegged to USD, such that 1 tether = 1 USD. This is done by storing a USD amount equal to issued Tether amount on a bank account. + +It's hard to find information about the Tether company. I managed to find whom I thought was the current owners. But after checking their linkedin profiles, I found that they are not the owners anymore. Guess who is ... Bitfinex. (see the summary in Reeve Collins profile https://www.linkedin.com/in/reevecollins). + +Currently you can't cash out Tether at tether.to. Makes sense now. + +This could have very serious implications if Bitfinex ends up bankrupt, depending on the exact ownerstructure. + +Currently this information seems unknown to the market since USDT crypto prices at Poloniex are close to USD prices, not factoring in the obvious risk. + +I've made r/Old_Recipes as a place to share old family recipes and recipes from very old cookbooks like the ones found on [Project Gutenberg](http://www.gutenberg.org/ebooks/search/?query=recipes) + +Often these recipes are actually very cheap to prepare and focus on simple ingredients prepared carefully. + +I hope you all enjoy finding and sharing old recipes and can find some new ideas for inexpensive meals. +This post is mainly a pep talk for myself. + +I am very much the type of person that would rather eat out for most of my meals than cook at home. I've been known to spend majority of my money on eating out everyday. I recently started to dedicate myself to a serious budget, and most of my food money comes in the form of groceries. I have a budget for what I call "Emergency food", that is, there are times where I'll be out and about and will need to grab something to eat while I'm out, but I label this as "Emergency" as a mental blocker that this money is only to be spent if I absolutely have to. Everything else I eat, I make at home. + +At my job, there are three other employees who eat out every single day for lunch. They actually order Doordash, so they're paying for the food *and* a delivery fee *every single day*. You know, if they can afford to do that, that's great, but I know I can't. I actually go home for lunch because I only live 10 minutes away. But it is hard watching them order out everyday and watching their food arrive before I go on my lunch break (especially because I'm always starving by the time lunch rolls around.) + +I know it could be so much easier and less work to order out everyday, but I constantly remind myself it's not worth going over budget. If I'm too hungry to make it home and make a sandwich, I'll stop at Wendy's and get a 50¢ frosty and use the app to get a free single. But that's it. + +The other issue is FOMO. I am always feeling FOMO, so again, I gotta remind myself that it's more worth it to go home rather than go over budget. + +Again, this is really a pep talk for myself, but I'm sure there are other people plagued with laziness and FOMO like me that could probably use the reminder. +I have about $170k in savings. My salary is about $50k annually. I live in Chicago, and pay $730 for a 1 bedroom apt in a great area that I’ve had for a long time. Is it wise to invest in a condo at this point in the current market? It’s hard to be motivated to shop since I have such a good deal where I am now. +Just an FYI - from https://status.uk.barclays/ + +> Its the end of another years's summer time - so this Sunday, 25 October between 00:30 BST and 02:30 GMT, we need to put our clocks back. + +> While we do this, you won't be able to use our apps, Pingit, Cash Machines, Online or Telephone Banking. + +> Your cards will work but some payments may be declined. You won’t be able to transfer or withdraw money during the outage, so if you need money during this time please do this before the start. We'll add any payments into your account as soon as we're finished. +Netflix is laying off around 300 more employees across the company. + +The cuts, which represent about 3% of total employees, come about a month after the streaming company eliminated about 150 positions in the wake of its first subscriber loss in a decade. + +“Today we sadly let go of around 300 employees,” Netflix said in a statement Thursday. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.” + +Netflix had warned investors in April that it would be pulling back on some of its spending growth over the next two years. + +Spencer Neumann, the company’s chief financial officer, said during the company’s earnings call that Netflix is trying to be “prudent” about pulling back to to reflect the realities of its business. The company still plans to invest heavily, including around $17 billion on content. + +Co-CEO Reed Hastings also said during the call that the company is exploring lower-priced, ad-supported tiers in a bid to bring in new subscribers after years of resisting advertisements on the platform. + +Netflix is working to crack down on rampant password sharing as well. The company said that in addition to its 222 million paying households, more than 100 million households use its service through account sharing. + +Shares of the company were down less than a percent during midday trading Thursday, but are down more around 70% since January. + +[Source](https://www.cnbc.com/2022/06/23/netflix-lays-off-300-more-employees-as-revenue-growth-continues-to-slow.html) +Hi everyone! So I am an EU citizen and Im registered and work in the Netherlands for a Netherlands based company. However, since I can work remotely, I will like to spend a fair amount of time in Switzerland, from where I will work remotely (I can spend up to 3 months of consecutive stay) and until now, I’ve stayed 2 and a half months. How much, if so, I can stay in Switzerland without being asked to pay taxes (183-day-rule?) and how they keep track of this (is it done though passport checking etc)? Is the 183 days have to be at one go, or whenever I go back to The Netherlands it zeros out? + +Probably worth to notice that I do not rent any apartment or hold any assets there, just visiting my girlfriend. Thank you! +Just a reminder that for every story about someone losing their coins there are many more that didn't. You just never hear about it. Don't put all your eggs in one basket. Prepare for the worst. Take security seriously and have fun! +This is in response to another post where OP talks about $30T of wealth from boomers eventually being transferred to the next generation. OP tells us to be patient with our crypto investing and wait until the boomers give us money. + +Get out of here with that trickle-down nonsense. Given everything we know about the boomer generation, do you honestly expect to get anything? The boomer generation is all about hoarding resources. They see the younger generations struggling with multiple jobs. What about owning a house or having enough extra money to raise family? Total fantasies. + +Boomers. Don't. Care. They insult us for our participation trophies. They mock us for being "woke." They tell us to stop eating avocado toast. + +In fact, this whole narrative of, "just be patient, you'll get your opportunity someday," sounds exactly like something a boomer would say. Translated, it means, "Don't upset the status quo. That might threaten our power and wealth." OP links to two articles articles about how millenials and gen z should be excited about receiving crumbs in the future. Unsurprisingly, the sources are from wealth services catered for boomers. + +For the rest of us: If you want wealth, create your own wealth. If you think crypto is the way forward, then good luck. It might save us from the boomers. + +Lastly, let's not be like the boomers when we get old. Should any of us acquire wealth beyond our means, please share with the next generation that comes after us. I like that one dad who created crypto wallets for his kids. They shouldn't have to suffer the way we did. +I received two letters from the New York State Department of Labor confirming that I had begun filing for unemployment insurance. I am still employed. + +I already have security freezes on the three credit bureaus, and I left a message and sent a letter to the DoL fraud department. I literally cannot reach any human because the fraudsters created a PIN, and without that PIN, one cannot speak with a human. (The DoL website notes that I can change my PIN only by talking with a human, but one cannot talk with a human without a PIN. Great.) + +Local police will not file a report without confirmation of fraud from the DoL. See above. + +Anything else I should/could be doing? +I reread Satoshi Nakamoto's whitepaper from time to time. Please check me if I am wrong but based on what I read, I feel like bitcoin's intention was not to replace the dollar or base the price off of the dollar. Most of the posts I see here or anywhere is about seeing if it will reach a certain fiat dollar value. And it shouldn't be that way. Am I wrong in this thinking? Should I continue to say to myself "btc will reach hit 100k", When in reality its intention was to facilitate a medium of exchange without the need for a central authority? If bitcoin gets mass adoption it should become deflationary. Now with the lightning network speeding transactions, why stress over how much the price of bitcoin fluctuates when it should provide an actual service as it was intended to be? I just feel like if this thing is intended to revert it back to fiat to make purchases and "get rich" off of fiat then somehow we have distorted Satoshi's vision. Maybe we shouldn't be looking at it like some "store of value" because what value are we placing it on? Fiat? I dunno i'm just thinking maybe at the moment it is a store of wealth, but not for long when it gets mass adopted. What are your thoughts on this? +On a throwaway for obvious reasons. + +I sold half my bitcoinstack last januari, to buy some 15$ ether. I've been holding 'em since then so needless to say it's grown quite a bit. + +My situation is as follows: I have about 3-4 years of net income sitting all in Ether. I have quit my job to focus on blockchain tech full time. It's not exactly my field, but with some experience and a little training I hope to be employable within a year or maybe two. I can definately give workshops, training, webinars, whatever based on what I know already (been into bitcoin since early 2013). My endgoal is to combine expertise with building projects, vlogging, articles, whatever comes my way and whatever I enjoy doing. Maybe I'll start my own busines, maybe I'll join a fun startup, maybe I'll join one of these big corporations currently starting up in the scene. (I have a uni degree, and 10 years of experience as a systems engineer and senior project manager) + +Awesome right? I think so, anyway! + +So this is my problem: while I am long term very bullish on Ether, I can't risk holding my entire livelihood invested in the coin. I mean, it can still go in any direction at any time. If it plummets 75% (it happened in bitcoin, it could still happen in ethereum) I am pretty shit out of luck, or at least in a very tight spot. Long story short: I want to spread my risks. + +Easiest way would be just to cash out completely, but that's too drastic I think. I am thinking of converting a few months (3, 5, 7 or 9) into fiat, so if the worst happens, I at least have some time to try something new or apply for my old job. This is worst case scenario I am talking about here (I mean, they say they'll take me back right away, but probably not after several years being out). + +The thing is, 3 months are fine to have cash in hand, but 9 months is a pretty sizeably portion, that I would otherwise not have taken out. + +Is there an optimal strategy, like dollar cost averaging, but reversed, to exit? Maybe take out 7 months, and then slowly re-invest as risks grow smaller? (As I progress I am reducing my risks of not succeeding) Just want to look at my options here. + +If it matters: crypto is seen as savings in my country - you pay between 1% and 2% on your total holdings yearly, independant of trading. So no capital gains like in the states. In fact, I can subtract my student debt so that takes a big chunk out of my net worth. Interest on that debt is less than 1% yearly so that's no biggie either. + +**tl;dr**: Will be living of my ether stash for the next 3-4 years ubtil I generate income. How do I mitigate risks or: what's my exit strategy? + +**edit: dammit I can't post reactions to the comments until I have 20 karma in this sub. If I never reach that, thanks in advance for all your input! I will react to them asap.** + +**edit 2: not sure what happened, I definately have enough karma, I upvoted and answered each comment, I checked on my alt account if it worked and all was fine. Now, for some reason, all but two of my comments are removed. If you are interested you can check my profile, they do seem to be readable there, at least on Relay for Reddit. Will try to contact mods about this. For what its worth, thanks for all the very valuable input!** + +**edit 3: I am an idiot, I need comment karma, not post karma... I only have 3 comment karma, if someone wants to help me out, there's a comment below you can help me out with...** +If you need more money and you're a night owl or your schedule allows it, considering an overnight shift may be a good option.. + +Imo, I find overnight shifts to generally be more laid back. No customers, often times you can listen to music/podcasts as long as you complete your tasks. Podcasts are especially helpful for me to pass the time and to not be so in my head. Also, some places add more to the normal hourly pay for it being a night shift. + +I've worked at so many grocery stores overnight in different positions and it's all the same thing - open boxes and put the items on the shelf. Obviously im oversimplying a bit and there are definitely other mundane tasks to the job.. but I find it easier to handle than dealing with customers and actually find myself being more productive with other things/errands I may need to do during the day. + +Only drawback: my sleep schedule is fxxked right now 😂😂 but that's on me because I don't necessarily keep to a regular schedule + +EDIT: a tip - after applying online, go in during a weekday within the first 2hrs the store is open and ask to speak with an overnight manager/member of personnel about any openings for night shift. When they ask you to apply online tell them you already did. **Bonus points if you bring your resume to leave behind with someone. Follow up if you dont hear back after a week. Stores overnight always need help so try multiple stores in your area. Hope this helps! +Let's give something about our strategies to the community, without giving a lot. + +you may answer questions like:" + + 1. Is it ML or non-ML? + +2. based on indicators , price-action , fundamentals etc? + +3. how many trades in a day , time frames ? + +4. Success rate , risk-reward ratio? + +5. How many strategies you tried before this one? + +6. is it making money in the live market? if not then whats stopping it? +I used Coinbase to buy Eth but what is the best wallet to buy other alt coins with? I really want to start jumping into this but don't know the best direction. + +Thanks for the help! +Your smoke and mirror politics have been exposed over the last week. The “card trick” you just tried to play on cryptocurrency didn’t slip past the American people. In the name of improving infrastructure, you tried to slip dozens of non-relevant regulations into the bill in order to further your control and tyranny. One of which was a weak attempt to kill crypto, largely Bitcoin. + +As I type this message, we are pushing toward $46k/Bitcoin and have risen 7% in the last 12 hours after Chuck blocked senate voting on a critical amendment. You see, you cannot kill Bitcoin. You may slow down broader crypto industry growth on U.S. soil. But Bitcoin itself is at a point where it cannot be stopped. The more you try to block it, the stronger it will get. + +This “problem” that the Federal Reserve and Treasury now have on their hands was created in response to decades of mismanaged fiat currency, corrupt central banking, and Wall Street puppetry. And now the problem you created is fighting back. + +Even if this bill passes in it’s current language, what you will see over the next 1-2 years before it becomes law is millions of people buying MORE Bitcoin, storing their coins privately, and “holding on for dear life”. + +You can take our guns, you can take our freedoms, hell you can even imprison us or kill us. But Bitcoin is the one thing that you will never be able to take. +I'm reading a lot about people being discontent in their current roles / work life. Most recently with [The Great Resignation. Is this really a thing in Aus?](https://www.reddit.com/r/AusFinance/comments/qtza6z/the_great_resignation_is_this_really_a_thing_in/) but I was hoping to achieve a better understanding of what we (as a collective) actually want! + +**[I've made a short 6 question survey to try and capture the general sentiment.](https://forms.gle/fmHHt6zLVmXeLDxT6)** It is mostly multiple-choice, so should be very quick to complete. + +I have posted this survey to r/AusFinance only. Depending on the response rate, I may try to cross-post to other Australian and New Zealand subreddits to try and get a meaningful sample of data. + +I will write up a small report on the findings in a post later this week! + +Full disclosure: I created [RAFO](https://www.rafo.com.au), a job site helping Aussies & Kiwis find remote and flexible jobs that fit into their life better. This data _may_ help me improve my site +So, another thread has hit /r/all and brought another influx of people new to Bitcoin. I usually don't pay much attention to all negative comments, but since I have some extra time today and nothing better to do... I wanted to address the main thing that often pops up in these threads. Namely: is Bitcoin a scam? + +First of all, if you asked me this question in few years back (2015 when price crashed back to $200)... I would've said: maybe. At that point jury was still out - I often like to quote Satoshi's genius observation: + +### In twenty years, Bitcoin will either be worth quite a lot or nothing + +With marketcap below $4B Bitcoin was still an easy target. We all remember MtGox scandal, government dumping Bitcoin seized from Silk Road for $48m (boy... did they dropped the ball with that one ;), discussions in Senate etc. etc. Meaning - at that point - it was still possible for rogue actor to pump and dump and break the whole system beyond repair. + +But, it is end of 2017 now... and Bitcoin is worth over $7000 (boy, will it be fun when it's **over 9000** ;). All this results in Bitcoin ecosystem being way more powerful now than few years back. Not only there is daily trading volume of over $3 BILLION going through Bitcoin... There are now Bitcoin companies that are worth over $1B. Hell, there are people who are Bitcoin billionaires. Which brings us to the main point: + +# Bitcoin is genuine technological revolution, accompanied by tangible merits. In a nutshell, Bitcoin is a scam in 2010s as much as Internet was a scam in 1990s. + +1 Bitcoin is valuable because you can do "technologically new" things with it. Never before in the history of humanity we had TRULY DECENTRALIZED "asset" that had properties traditionally associated with currencies (previously always backed by someone / government) or commodities (like gold). + + - **Bitcoin is a store of value**. You can easily hold it with your private key and NOBODY can take it away from you. Compare that to having $1 in the bank - government can block it. If you have $1 and you hold it in cash, government can still take parts of it from you through inflation (dollar has lost 99% of it's value from 1950s). Also, compare Bitcoin to gold - it's MUCH easier to store. And much easier to turn into medium of exchange. + - **Bitcoin is medium of exchange**. You can buy stuff directly in Bitcoin. Numerous websites and people around the globe now accept it. You can easily transfer it. Wherever you are in the world, you can instantly send Bitcoin to other people. This is not a big deal for people in first world countries as they have numerous options. But for majority of the world this is a HUGE deal. More than 50% of population is without bank account (let along online bank account) and have no way to participate in global economy. + - **Bitcoin is unit of account**. If you have Bitcoin you can exchange it for whatever currency you want. In a sense Bitcoin is MORE VALUABLE than native currencies of MANY countries. If you are in Venezuela right now, would you rather hold Bolivar or Bitcoin? It's kinda no-brainer, right? + +I hope this overview gave you good insight into why it's pretty much impossible for Bitcoin to be scam at this point. Like, I understand that recent HUGE price jump can influence people to see Bitcoin as Tulip mania. But Tulip mania was a scam because nothing substantial changed with tulips over night. People just started paying more and more for them. Plus, you could always produce more Tulips. + +With Bitcoin you have genuine technological revolution behind. If you own Bitcoin you can do stuff you never could do before in various parts of the world. It's like banking infrastructure on steroids really. Plus, unlike Tulips, Bitcoin supply is limited. Hell, even gold - you can always mine more of it. Bitcoin is fixed at 21 million, for all eternity. + +Any question - fell free to hit me up. Always glad to help newcomers to Bitcoin! + +**EDIT:** One of the responses says - OK, we can agree Bitcoin is obviously not a scam. But, is it a bubble? Consider that Bitcoin has been a bubble for last 8 years. It was bubble when it was $2. It was bubble when it was $30. I thought it was bubble when it broke $2000. Hell, to me stock market is in the bubble. I like to compare Bitcoin to Internet... lots of people thought "Internet is a bubble"... yet 20 years later, here it is... completely changing humanity. In that sense I think Internet is best comparison to Bitcoin... time will tell whether or not Bitcoin is right now in the bubble... but I strongly believe that in 20 years Bitcoin will be above today's levels. + +Now, if you share my long term prospects - then "Bitcoin bubble" will never be too much of an issue for you. Like - I don't buy in batches... I dollar cost average my BTC investment (you can look through my history for more info). See also /u/Max_Thunder [nice observation of using Bitcoin as vehicle for protection against inflation](https://www.reddit.com/r/Bitcoin/comments/7as0dp/why_bitcoin_is_not_a_scam_lottery_bubble_tulip/dpcrb7n/)... + +**EDIT:** I've incorrectly presented amount of money pumped into Bitcoin... [read this for explanation](https://www.reddit.com/r/Bitcoin/comments/7as0dp/why_bitcoin_is_not_a_scam_lottery_bubble_tulip/dpcg34h/). + +**EDIT:** I also want to emphasize one thing: + +### DO NOT go ALL IN hoping that Bitcoin will hit whatever mark. Especially DO NOT BORROW MONEY and GO ALL IN unless you are ready to forget about whatever money you've invested for next 20 years. + +95% of people I know that have been trading Bitcoin have LOST most of their money. I know bunch of people who bought at $20 and then sold at $2. Then there is a group that bought at $800 and sold at $200. There are also those on other side of equation... there was short worth tens of millions of $$$ earlier this year when BTC was breaking $1100. Crazy thing - Bitcoin price did drop few days later... but that was AFTER short was wiped out and whoever did it lost TENS OF MILLIONS of $$$. + +Profiting is not only about being right about eventual price... it's also about knowing when it'll happen. + +**Final EDIT:** Blow away by all the feedback. That's why I like to post here - I get interact with people and in the process learn something new. I'll be monitoring my Inbox so if you have more questions just drop them here. And if you like my writing, [visit my motivational / various blog](http://howtoaddict.com) that I update occasionally. +Hi! + +First time posting here, but I quit my job due to unexpected and unavoidable circumstances. (I'm a 20 year old college student and no longer had a viable way to get to work nor did I live in the area any longer). I had to quit and I couldn't give my two weeks. He told me that he is withholding my last paycheck until I return the office key IN PERSON. He wouldn't let me mail it in or give it to my coworker knowing that I no longer lived in the area and didn't have a car. Anyways, I turned it in a month and a half ago and he still isn't paying me my last paycheck. Is that legal since I didn't give my two weeks?? He is claiming he doesn't have to pay it to me. It probably isn't a large amount but being a broke college kid, I would like the extra money. + +Thanks for the help! + +Edit: Wow! Thanks guys for all the insight. I understand that it varies depending on state so if it helps, I live/work in California! + +Edit #2: Thank you guys so much for the support and advice! Just wanted to clear a couple things up, I went back to my old office within a week of quitting to return the key as he asked. I told him the day I was coming to return the key and held my end of the promise. I've been trying to contact him since (its been two months since I've quit) and he has been incredibly flakey. I will contact the Department of Labor today! + + +Guten Morgen to this global band of Apes! 👋🦍 + +At one point yesterday, GME was up over 12%. +Naturally, this came on no news. +This kind of thing has happened before, and it will happen again. +The underlying reasons rarely come to light, but it is clear that yesterday's sharp increase in volume was the primary driver of the price increase. +Whether it is a whale buying in, an institution increasing its stake, or a fraction of the shorts being closed, it is clearly too early for celebration. +Two months ago they shorted the price from the upper $40s to the mid-$20s, but they certainly haven't closed those. +When the MOASS begins, you will know. + +Today is Wednesday, October 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$26.19 / 26,56 €** *(volume: 2900)* +- ⬜ 115 minutes in: $26.19 / 26,56 € *(volume: 2712)* +- ⬜ 110 minutes in: $26.19 / 26,56 € *(volume: 2712)* +- ⬜ 105 minutes in: $26.19 / 26,56 € *(volume: 2680)* +- ⬜ 100 minutes in: $26.19 / 26,56 € *(volume: 2680)* +- ⬜ 95 minutes in: $26.19 / 26,56 € *(volume: 2680)* +- ⬜ 90 minutes in: $26.19 / 26,56 € *(volume: 2680)* +- ⬜ 85 minutes in: $26.19 / 26,56 € *(volume: 2608)* +- 🟩 80 minutes in: $26.19 / 26,56 € *(volume: 2508)* +- ⬜ 75 minutes in: $26.19 / 26,55 € *(volume: 2493)* +- 🟥 70 minutes in: $26.19 / 26,55 € *(volume: 2293)* +- 🟥 65 minutes in: $26.19 / 26,56 € *(volume: 2293)* +- 🟥 60 minutes in: $26.20 / 26,56 € *(volume: 2255)* +- 🟥 55 minutes in: $26.24 / 26,61 € *(volume: 2250)* +- 🟥 50 minutes in: $26.26 / 26,63 € *(volume: 2250)* +- 🟥 45 minutes in: $26.27 / 26,64 € *(volume: 2167)* +- 🟩 40 minutes in: $26.27 / 26,64 € *(volume: 1782)* +- 🟩 35 minutes in: $26.27 / 26,64 € *(volume: 1664)* +- 🟥 30 minutes in: $26.07 / 26,44 € *(volume: 1662)* +- 🟥 25 minutes in: $26.08 / 26,44 € *(volume: 1662)* +- ⬜ 20 minutes in: $26.10 / 26,47 € *(volume: 1562)* +- 🟩 15 minutes in: $26.10 / 26,47 € *(volume: 1547)* +- 🟩 10 minutes in: $26.08 / 26,45 € *(volume: 1510)* +- 🟥 5 minutes in: $26.04 / 26,40 € *(volume: 1508)* +- 🟥 0 minutes in: $26.09 / 26,46 € *(volume: 797)* +- 🟩 US close price: $26.87 / 27,25 € *($26.52 / 26,89 € 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 0.9861. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +The returns with the wheel / selling options seem low at first glance -- say 0.5%-1% per week, but they are HUGE over time -- 20-30% per year is massive. With 20% you can double money every 4 years + +Selling options seems much better than buying real-estate or PE funds or other exotic investments. You keep control of your money, there are several mitigation strategies, full liquidity, etc. + +What's the catch? Why are more people not doing this? +So my question for selling puts is what happens when the stock falls below the strike price before the expiration date of the put? Lets say you sell a put for stock x with strike price of $10. The expiration date is July 15. On July 10, the stock falls to $9. What happens? Do you automatically purchase the stock at that price? What if the stock opens below the strike price? Do you pay the current stock price? Or the strike price? +Hi all, I’m new to ThetaGang, but over the last month it’s been doing okay overall for me....though this week was a killer for some of the CSPs I wrote. + +I am now thinking of selling a property (I live in a very hot market) I own to free up about $350k in equity that’s in it. With that cash, my plan is to wheel AMZN starting with selling a weekly CSP about $25-$30 OTM. Premiums for this range in the $4k-$5k range. + +If I’m not assigned, obviously would repeat the following week and so on. If I am assigned, I’d sell covered calls $25-$30 OTM which also generate $4-$5k a week. + +I’m figuring to be able to generate around $15k a month using this strategy, maybe more, on $300k capital vs. the current $1500 per month in net cash flow (plus appreciation over time of course) that the property is generating. + +What is the biggest downside in doing this other than a massive downward move in AMZN share price? Am I missing something? On its face, it seems as though I could do this full time and quit my day job. + +Thanks in advance! + Another Mod has asked me to submit this to verify if my claims as to my posts are being deleted only because I post to often. + +https://preview.redd.it/lrc0wy50wnp61.png?width=1163&format=png&auto=webp&s=a8b1338189bd4343530542ad1cb3e81da06c0e26 + +https://preview.redd.it/4j3w1tn0wnp61.png?width=1102&format=png&auto=webp&s=89e42051a7354c84a3bec94c2fabfa299e911d39 + + + +Essentially I asked how can I change my posts in order to be following all of the rules here, since I respect this community. Essentially the MOD said that they will just change the language of the rules. + +When I asked this again, the MOD said that there isn't anything wrong with my content and posts, its just the fact that I post everyday. + +Since every post I give entries, targets, timeframes in order to construct option plays of your own, including my reasoning and narrative. I personally don't want to give the exact option I think you should buy because my goal is to encourage others to do their own DD. + +Maybe if I change the name of my posts, the mods will think that it is less journal entry like? Or if I don't post my PNL and account balance. Although that is what a lot of people always ask me to do, so I keep doing it. Also, feel like that give some validity to my plays (i put my money where my mouth is, you could say). + +Overall, I feel like they won't accept my posts no matter what. Maybe its better to follow me elsewhere? Any suggestions to where I can post my due diligence and trades? + +Thanks guys you are an awesome bunch! +Hi all- + +What factors in to buying a cabin? + +About us: NW 5M, 50% real estate, 30% stock, 20% crypto. We are in the age range 35-40, married and both working, two kids (3 and 7), HCOL area. Completely liquid assets (non-retirement and non-real estate) at 1.7M. We are a totally adventurous family, car camping, tenting, etc, and not high luxury. + +&#x200B; + +We are thinking about putting down $300k to maybe even 1M on land, with or without buildings, and are balancing: + +* Timing + * Kids not getting any younger + * Real estate prices may increase faster than VTSAX +* Building logistics + * Time, cost, lumber, contractor availability... +* Financial Performance negative impact: + * Diminishing our ability to make more money from investments (i.e., what if we just wait "one more year" until we have more disposable assets?) +* Ability to rent it for income (airbnb etc) vs keeping it exclusively for us +* Realistic frequency of visit and use +* Unexpected maintenance and costs (we are looking at simple yurts as well as 1500sq ft buildings) + +&#x200B; + +Anyone in similar predicaments and care to share positive or negative outcomes from decisions or hesitations? I just start browsing for "cabins" on Zillow and get down too many rabbit holes... + +Thanks. +My personal one is VET. Walmart is one of the largest businesses in the world and if they have adopted it in China for food safety use. There is a chance (still may be small) that it gets picked up by Walmart worldwide. + +Give me your reason why a small coin you own could be useful as well. + +Not trying to shill coins or anything btw. Just want to educate myself on other coins and thought I should give an example. +He died 22nd February and I took over the tenancy for the house on 25th march, 2 days after this the council sends him a summons for not paying over £200 in council tax. the council home association told me that everything was sorted and that I'd get a letter this month with my council tax bill but I got this instead, I'm not sure why they're summoning someone they should be aware has died and I need some help to make sure the council doesn't try to bill me for everything he didn't pay for when I call them tomorrow to sort this out. I was under the impression by 2 seperate workers for the housing association that everything was sorted I just had to pay the bill when it arrived. Not sure what this letter changes. +Last night my dads house was broken into and his safe was stolen. The thieves simply threw a rock through his back sliding glass window, rummaged around in the house until they found the safe and dom hemingway'd it right off of the foundation it was bolted onto. Inside of his safe was an uncommonly large number of bitcoins (he is an early adopter) on a non password protected paper wallet. I am his technical prowess on how to save and secure his bitcoins and I felt like a complete failure for not setting him up with bip38 when i had the chance. I figured that setting him up with a wallet in his safe in house and a safety deposit box was enough. **wrong.** I got a panicked call at midnight last night saying his house was broken into and his safe was gone with all of the bitcoins in it. I have never felt so helpless in my life as the only other copy was locked away and the bank wouldn't open up for another 9 hours. The robbers had 9 hours to crack into it, figure out what the hell they were looking at( assuming he wasnt explicitly targeted)... and then transfer the bitcoins off into their own address. We were both sweating bullets and did not sleep at all (unsurprisingly). Luckily for my dad and I, they were either not successful cracking into the safe, didnt know what they were looking at or blew up the paper wallets inside trying to break into it. Either way this morning shortly after the bank opened i had the paper wallet in hand and was able to safely transfer the coins off into a fresh bip38. Moral of the story: Safes, however secure they may seem are not guaranteed to stay put. Please be extra careful if you store your coins at home. +I’m a HENRY, omw to being fatFIRE. I am lucky that I am able to earn a good income while also having a decent work life balance. I was able spend 40 days skiing this year, not including travel days. I see skiing as a major time spend for the foreseeable future. + +I have a weird block type schedule; I’m often off for 2 weeks at a time. Additionally, I am able to work remotely if I alert my workplace in advance. + +I stayed in hotels for the entire time I was out there this year. I’m trying to decide if it’s financially worth it to own a place (2 bedroom condo \~ %1 MM) in a major resort (Vail, Park City, Beaver Creek, etc) or if I should just end up using hotels (250/night, on average) + +Going forward, a hotel comes out to \~12,500 / year (at current rates) whilst the 1 MM property will probably cost me (in cash flow) about 50k / year after expenses of which, 6-8k will be “lost” to maintenance / HOA fees / etc. + +The real unknown variable here is whether the properties appreciate – who knows. They exploded in value, like so much else, during the perfect storm of low interest rates and high societal interest (in the activities) during the pandemic, but who knows if that will continue. There are decent arguments in both directions. + +Other pros and cons:Pro of doing hotels – I’m not tied to one location + +Pro of buying – I can leave my stuff and even work for some months in the vacation destination. + +Can anyone think of arguments for or against? Anything I haven’t considered. + +Thanks + +&#x200B; + +Edit: + +Few clarifications. + +1. I can work remotely from anywhere in the country, but need a few months of lead time for set up - need licensing, computers, etc. I can NOT do this if I'm staying in hotels. +2. I can probably easily do an hour or 2 of work per day on my off days (the days skiing). Doesn't really change my mood. This would definitely be a game changer. +3. 250 / night is a ball park. Vail in high season is more. Northeast ski resorts (which I avoid like the plague), are less. +I see many posts from a lot of you with net worths of $5m+. Do you attribute this financial success to luck at least to a large extent, or that anyone that studies finance, law, medicine or software could attain such figures eventually? +Thanks +Seriously. Take a step back for a second and look at yourselves. Everyday I come to this sub for entertainment and not once have I ever been disappointed. The undeniable reality is that the market does what it does and nobody understands why, yet every other motherfucker in every comment section is certain about where the market heads next. “This is definitely a bear market rally. But also maybe that was the bottom. But we’ll probably see new lows by January.” Do you idiots ever pull your heads out of your gambling addict asses and realize that your basing all of your financial decisions on blind conviction? Every time I see another genius in these threads commenting with certainty about where the market’s headed, all I can picture is Adam Sandler telling Julia Fox “I’m gonna hit so big, baby,” and we all know how that ended. + +Seriously, I was reading a comment by some degenerate moron yesterday about how many puts he bought after the media reported missiles over Poland. Before this fucking idiot even gets conclusive reporting, he’s dumping his wife’s IRA contributions into NVDA puts in one of worst tech bear markets in history, all while feeling low key excited by the prospect of WW3. Pathetic. Also notice I’m assuming “he,” that’s because no woman on earth could possibly be capable of such meat-headed idiocy. Seriously. You’re all fucking unbelievable and you’ll never win this game long term with such degenerate, irrational behavior. + +Positions: All in PLTR, loading QNT XRP BTC on FTX collapse news. This is the bottom. +So my husband received a letter from the ATO to say he is being audited for the 15-16 and 16-17 periods because the amounts claimed were higher than other people in his tax bracket. + +We have been seeing the same tax agent for years, and always managed to get back thousands in returns, without being provided any receipts. All my husband has ever provided is a logbook. + +My question for AusFinance is, will the shit fall on the tax agents head or ours? She has claimed all kinds of shit that we didn’t provide receipts for, and we had no idea. We paid her because she’s a professional and we don’t understand the tax system; she never even asked for receipts! + +EDIT: looking at the ATO paperwork, there is a section that states + +‘You may not be liable for any false or misleading statement penalty that may apply in certain situations if: + +-your registered tax agent made an error in preparing your tax return, +-the return was lodged by your agent on or after 1 March 2010, and +-you provided your agent with all relevant and accurate information needed to lodge the return. + +This is known as ‘safe harbour’. You should tell us if you believe that you have provided the agent with relevant and accurate information.’ + +Would this caveat apply in this scenario? +I even made a website for it: [removed] + +It is surprisingly easy to deploy a token and add it to an exchange. People and bots were even FOMOing in before I renounced ownership of the contract and locked the LP tokens and could have lost all their investment. It went from a $5k cap to $150k in about an hour before dumping. I didn't sell because this shitcoin is dear to my heart now, but could have made a decent profit. + + We are truly in a bubble. + I have a business checking account holding anywhere from $20,000 - $50,0000 in cash deposits from clients at any given time. The average age of the money is \~6 months. What could I be doing to maximize this cash? Business CDs? It has to be fairly liquid so that it can either (a) purchase materials or (b) be refunded in the event that I can’t perform on a contract (hasn’t happened yet, but could). Ideas? Thanks. +Listen up my fellow autists. The Market Makers may have killed your portfolio this week with all the wild and uncalled for manipulation. Ask your grandma or your wife's boyfriend for some more money and lets get back in there Monday ready to hold those shares and buy some calls. Whatever you do though all jokes aside take $ROPE off your watch list. That stock is going bankrupt. Remember the words of a wise man: "There will always be money. It's just a number on a screen. We're all just sending electrons back and forth so we have something to kill the time. Has there been any real difference in your life over the past few days as that squiggly line has gone down? Probably not. There is a lot of time between now and the time you actually need that money. So turn off the screen, have a beer, rub one out, and come back Monday to start working on getting that squiggly line to go back up." +The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning April 1, 2021. The rates are: + +• Three (3) percent for individual overpayments (refunds) + +• Three (3) percent for individual underpayments (balance due) + +Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For Taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. + +[Source at IRS.gov](https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-second-quarter-of-2021) +Update (8/4): Following the successful passing of [this proposal](https://www.reddit.com/r/CryptoCurrency/comments/oghosk/allow_users_to_tip_up_to_100_moons_per_round_with/), this distribution incorporates a change to allow users to tip up to 100 Moons per round without losing their 20% karma bonus. + +Moons are r/CryptoCurrency's version of Community Points. [Community Points](https://reddit.com/community-points) are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. + +Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish. + +This distribution is based on karma earned from 2021-07-07 to 2021-08-03. [Here is the data.](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_16_proposed.csv) + +To propose an alternative distribution: + +* You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily). +* The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative. +* Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing. +* In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions. +* In case of multiple competing polls passing, the one with the most Moons cast in favor will be the official one. +* If no alternative passes, the data provided here will become official. + +The contribution scores for this round will be finalized on 2021-08-11. Any poll proposing an alternative needs to be completed by then. + +After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people with a registered Vault will receive Moons directly into their Vault. Other users will receive their Moons when they create and register a Vault. +I've been working hard at a retail pharmacy job for 5 years while going to school. I expect to finally graduate next year. But I'm always living paycheck to paycheck and it is frustrating. Tonight I was overdrawn due to being $7 insufficient in my rent payment and found out when my debit card was declined at the gas pump. I'm in a course to get my real estate salesperson's license too, but that job is 100% commission. I pay my bills on time and have just enough $ to feed myself. But the older I get, the more worried I become that one unfortunate situation will send me out on to the street. I am as responsible with my money as I can be, I never spend any money on myself and survive day in day out with rabid intensity, but the fact is that my rent is 60% of my income. If it weren't for student refunds I would not have made it this far. Next year I will have my first bachelors degree, $7 to 10,000 in CC debt and $40,000 or so in student loan debt. I have long considered this my last ditch effort to build a future, but I am starting to have strong doubts about my efforts, that may have been in vain. + +EDIT: Thank you for all your advice and for the gold. What I gleaned from the comments are the following: cut cable, cheaper cell phone, cut food budget even further, avoid more CC debt, better paying job (or 2nd or 3rd), get a roommate, spend my time immediately after college building savings and reducing debt. Pretty straightforward stuff. + +At some point I'll post an update on my status +My husband and I are reaching the point in our careers where we can afford to spend some money on services that will ultimately help us get further without the burden of dealing with some of those tasks ourselves. + +We've talked about hiring a cleaner to come once a week or once every other, and while we realize that they won't be dealing with the actual clutter and organization, it will mean that we will never really have to spend our time on deep cleaning... that... at the moment, either doesn't get done or takes a significant amount of time out of our weekend, leaving us feeling like we didn't get enough relaxation ahead of the workweek. + +The second service that I'm wondering about is a laundry service that handles both washing and folding. We have an in-unit washer but not a dryer. We live in the UK where this is the common setup and everyone tends to just line-dry their laundry. Laundromats aren't as common as they are in the US. This is a frustration because, for some items, it takes ages to dry, it feels like we almost constantly have the drying rack present in our home, and then there's the time that it takes to fold and put everything away. I totally understand that this is just a part of life but I feel like the amount of time and energy that this activity takes would be worth the investment to offload to a service in order to gain some time and energy back. + +Are any of these services *actually* worth it in terms of translating your money into time that you ultimately gain back from the expense? What are your personal experiences with these services? Did they benefit you? Or did you find them not to be worth it? Are there any other services that have benefited you! + +&#x200B; + +Edit: Wow! I didn't expect this post to get some much attention! Thank you for all of your detailed responses, I hope this helps others too! +Down 6.5% this morning + + + +March 16 (Reuters) - The Pentagon will request 61 F-35 stealth warplanes from Lockheed Martin Corp [**(LMT.N)**](https://www.reuters.com/companies/LMT.N) in its next budget, 33 fewer than previously planned, Bloomberg News [**reported**](https://www.bloomberg.com/news/articles/2022-03-16/lockheed-s-tardy-f-35-is-hit-with-a-35-cut-in-2023-u-s-budget) on Wednesday, citing people familiar with the matter. + +"The Department cannot confirm specific budget details until after the FY23 President's Budget is released," a Pentagon spokesperson told Reuters. + +Shares of weapons maker Lockheed Martin, which counts the U.S. government as its biggest customer, were down 3.4% in early trading. + +[https://www.reuters.com/business/aerospace-defense/pentagon-cuts-request-lockheeds-f-35s-by-35-bloomberg-news-2022-03-16/](https://www.reuters.com/business/aerospace-defense/pentagon-cuts-request-lockheeds-f-35s-by-35-bloomberg-news-2022-03-16/) +UPDATE: Thanks everyone for the wise advice. I'll be taking the job. Short term pain for long term gain. + +I (28F) and my husband (30M) have spent the last year figuring out how to grow financially. We both love real estate and started researching our options to go into it full time. I am the more entrepreneurial one of the two of us (read: I loathe the 9-5 life) and he’s happy with working 9-5 for stability. This year, we decided that I should quit my job to go into real estate full time. I did and flipped 2 houses and made about $130k in the process, not too bad for a newbie. + +Here’s the dilemma. We’re currently living and investing on his salary, which isn’t fantastic @ $65k/year. We can survive with our 2 young kids being frugal but forget discretionary spending. I’m mostly fine with that. Unfortunately, it also hinders our investing capacity as we’re not qualified for a mortgage large enough to get us into better quality neighborhoods. And the market is insane in our area, so even the sketchy areas are getting up there. + +My goal for the next year is to flip 3 more properties and also buy a 4-6 unit to turn into an Airbnb. A colleague from my old job recently offered me a job paying $85k/year and on one hand, it will immediately increase our borrowing power (and general household income), but on the other hand, it limits my capacity to manage projects full time like I want. We’re currently under contract for a home worth $600k that will make a great buy and hold. We can easily assign it for $620k. But if we want to close on it, we’ll have to prove additional income, (hence the job consideration). + +&#x200B; + +If you were in my shoes would you take the job? Or figure out another way to live & invest full time. + +&#x200B; + +TLDR: + +I want to be a full time RE investor. Hubby’s income is enough to support basic needs but can’t get a great mortgage. I was offered a full time job that pays more, should I take it to increase borrowing capacity or not? +I’m under contract with a partner on a triplex. He is supplying 95% of the down payment (I’m in for 5%) and I will be primary on the loan (both are in the loan). + +As we work out the financials, here is how the split is currently. + +- My portion of the down payment represents a 5% stake +- for managing the property I get an additional 1% per year (10% after 10 years for example) +- after 10 years I would have 15% and he would have 85% +- profits (and losses) are split at whatever the percentage ownership is (85/15 after 10 years for example). + +Does this sound equitable? Our first JV on a residential multi family. How else can we divide this up? +In a weird way, isn't it great for a little market dip to happen when you're in your mid 20's? Personally, I'm loving the extra shares my 15% 401K contribution is purchasing. Also DCA'ing $SPY every month in my brokerage account. I know times are rough now and there's future uncertainty, but head down and keep on moving. Eye on the prize! +But that's not the case, hedgies are instead having MSM tell us Gamestops a terrible investment and can't keep Gamestops nuts out of their mouths because they are losing money in the short positions they are trapped in. + +Hedgies are desperately trying to come up for air while doing it descretly so as to not give away they are drowning. Now they know how bad they fucked up shorting Gamestop before we all fomoed in held. And continue to make it exponentially more expensive to close their positions by buying and holding more, day by day, brick by brick. + +I would like to conclude by saying, if hedgies truly r not fukt, then why can't they shut the hell up about Gamestop? It is because hedgies R truly fukt. Have a wonderful day Apes. + +Not financial advise, everything is based off of how I feel and I'm a retarded Ape so take it with a grain of salt. + +Edit: I just watched the video of Anthony Cuckcumba, and just gotta say, Anthony why so mad bro? + +If you idiots weren't short Gamestop, then why are you so upset that we are buying Gamestop? Just let us buy the stock we like and mind your own damn business? + +$10? $30-40 fair value? Idiots are mad as hell 😂 +I always have a good time reading the feel-good stories of others, so I wanted to share mine. It was only recently that I found this sub and realized that we are not alone in the thought that the main thing we want out of life is financial freedom. Stories in this sub have helped to keep me motivated. I hope that I can contribute in the same way. + +**Brief Background** + +My wife's father once described us as the most successful people in our families. In like, forever. I am a CPA and she is a teacher. My salary has ranged from low 40s in ~2009 to now low 80s. My wife's has ranged from low 40s since ~2011 to now mid 50s. We are both in our very early 30s and our son is almost 3. We have had no inheritances. We have had no monetary gifts. Our growth is largely organic and opportunistic. Our families were challenging at best, being largely broken and not fiscally sound. Fights over money, mounting debt by our parents, poor houses growing up, etc. We've been hardened to life a little, having been exposed to murders, abusive step parents, alcoholism and drugs, suicides, and even homelessness. We have had some important people that motivated us along the way, such as teachers, ROTC instructors, bosses, and friends. I moved in with my now wife and her parents at the age of 17, and we both moved out when I was 19. We got married after a decade of being together. Around that time was when I really started tracking our finances. + +I think our personal experiences shaped us into being fairly fiscally-minded people. In college, I was the guy that turned my vehicle AC on over a certain speed and rolled the windows down below that speed because I had read that it saved gas. I have always been a coupon-friendly guy. My wife loves to cook, so we save a lot on not going out all the time. She appreciates frugality slightly less than I do, but is not a "material girl". We generally live well below our needs on purpose. + +**Education** + +My wife and I are both products of public education and a public university. Thankfully, we were very fortunate to leave college without any debt. In our state, there is a program for a state-funded tuition scholarship when you achieve a certain GPA in high school and a certain standardized test score. My wife and I both got that. I had additional scholarships that allowed me to literally pocket money while in college and pay for my master's, and my wife had some scholarships as well that only required she pay a small amount every year. I finished with perfect marks, and my wife damn near did as well. + +**Portfolio** + +We started saving before 2013, but that was when I really started tracking my balance sheet. I don't really track an income statement on paper, but I have everything in mint and run reports. I keep us in check during the year, but as long as our life-creep doesn't come on too strong, and our balances increase at the rate we hoped, I may not ever put one together. + +Our assets (Major PPE) are primarily our house (I kept the value at cost), our cars (depreciating annually), and my wife's wedding bands. Other investments include a post-tax account that I setup back in 2007 (yeah, I wasnt the best financial advisor to myself then..) and a real estate LLC that a friend and I are testing out starting in 2017. + +Debt is primarily the house and some accrued medical and small credit card balances. I never pay credit card interest, but I use them exclusively for the points (see below). We refinanced our house to a 15 year mortgage in 2012 at ~2.5%. It just dropped below 100K in January 2018. + +Retirement investments are our 401ks. I get a 3% match and contribute 15% (10 traditional, 5 roth). My wife gets a 5% match and contributes 10% (all traditional). She also maxes out a dependent care FSA since we are on a PPO. Of course, the market has helped us achieve this current milestone. + +5 year balance sheet: + +https://imgur.com/a/zn6AV + +Type/Date| 2017| 2016| 2015| 2014| 2013 +---|---|----|----|----|----|---- +Cash - C/S| 35,356| 32,895| 28,199| 34,254| 89,757 +Cash - Interest | 209,950| 170,344| 130,241| 80,858| 0 +Retirement Investments| 168,874| 118,427| 90,221| 70,221| 47,286 +Other Investments | 47,459| 33,234| 29,432| 36,493| 34,383 +Major PPE (>5K) | 164,000| 167,500| 173,000| 177,000| 172,000 +Debt| (105,698)| (113,039)| (118,784)| (127,990)| (135,881) +Net Worth | 519,942| 409,361| 332,309| 270,836| 207,545| 115,848 + +**Reducing Overhead** + +One of my routines is constantly making sure that the bills are as low as needed. Cordcutting has helped for a lot of people, but I have been using a HD homerun prime for years to keep my cable bill down. We installed spray foam and energy efficient appliances/thermostat in the house to keep electricity down. We drive smaller and cheaper cars to keep our gas bill and insurance bill down. I shop our insurance every 6 months to make sure I am getting the best rates. We refinanced our house to save on interest. + +**My Favorite Love/Hate Investment** + +Interest bearing checking accounts. These have been very good to me, but my biggest "hindsight is 20/20" situation is that I do wish I would have put them into a growth fund over the past few years. But alas, I did not. Our plan all along has been to save up enough cash on hand to pay off our next house. Then we would invest those funds in something conservative to offset the interest. So I started opening up various interest checking accounts across the country and in my state. My lowest earns 3% and my highest earns 5%, with a weighted average of around 3.9-4.0%. I use a combination of automatic ACH, mint for login, and spend an hour every month buying Amazon gift cards on the debit cards. I have 8 accounts open now that require monthly "work" and around 16 that are passive. + +**My Favorite Hobbies** + +One suggestion I could give is that if you like any hobby that MAKES money, focus on it. I like to do some resale on the side, and that does make me a little money, but nothing significant. Enough to pay for some of my toys with what I scour from slickdeals and dansdeals personally. + +But I am also a credit card churner. There is something about staying in an all-inclusive for free by 'gaming' the credit card system makes it that much nicer to enjoy! I do not track my points in my net worth, but I am sitting on north of 2M points in total. This is a great hobby and really fits with the FI mentality if you are organized and comfortable with playing games with your credit (my wife and I are both north of 800, so the risk is low). + +**Next Goals** + +One Million Net Worth by 35. Really, I always told myself that I wanted to be a millionaire by 30, but I had to modify that goal a bit! Shoot for the moon, right? Worst case, you land among the stars. + +Two Million Net Worth by 45 (though 40 would be great!) +I'm a non-professional on a computer smashing keys with no financial/professional advice in sight. Apologies if this was covered elsewhere. + +Fact: Gamestop is cooperating with the SEC + +Fact: There are 40M shares of deep out of the money puts that expire July 16th + +Fact: While it's "open to interpretation" any reasonable read would say those deep OTM puts are against the rules to cover shorts. + +Fact: They reissued the rules insisting the fact above was always the rule. + +Fact: I feel like Dwight talking about beets. + +Fact: They have been tightening the rules up regarding shorting. + +Leap: Perhaps the SEC wants to see what happens on Friday. If the shorties find a way out of the inevitable outcome it's another hole that needs patching or is finally the intervention trip wire where the SEC does something. Maybe the SEC is making a case for an arrest and seizure of assets to make sure they have control and feel this is the last item they need. + +Gamestop doesn't trigger the MOASS 7/14 because it's triggered 7/16 and/or the SEC gets the information they need and potential control they need to soften the blow to the whole system. If it doesn't happen 7/16, Gamestop can do it soon thereafter. + +Tick Tock. + +If I did in fact get it right and the SEC/Gamestop wanted to keep this quiet; apologies to the parties that are trying to fix things. + +Edit adds: + +\- I should have said "if there was an announcement planned" in the title; this is all a "what if" scenario so was a little sloppy there. + +\- The SEC potentially in coordination with other agencies +**The Basics of Ethereum (ETH)** + +Ethereum’s purpose is to be a decentralized monetary system. It is one of the most versatile cryptocurrencies with many forms of utility, including: smart contracts, defi, and dapps. I will try to explain these things in the most simple way possible. This will be based on Ethereum after its two biggest updates are released in the next 1-2 years. (EIP 1559 and ETH 2.0) Ethereum also goes by ETH and ether. + +**Decentralized Apps (dapps)** + +One of Ethereum’s biggest use cases is that it can have tokens built on top of it that can perform a variety of functions and tasks. Some of them can be used to borrow and get loans using cryptocurrency, and some can be used to buy/sell stocks on the blockchain. This is known as decentralized finance (defi). Another use for dapps is decentralized exchanges like Uniswap and 1inch token. These can be used to trade ethereum tokens without a middleman, completely decentralized. These trades require ETH (Ethereum) in order to be finalized. These ETH fees are also known as “gas”. + +**Staking** + +With a future update known as ETH 2.0, Ethereum will be moving from mining to staking. Not only does this require far less energy, but it will also allow people to earn interest on their ETH. You use your ETH to help secure the network, and in return you receive the reward of interest on your coins. This interest level will likely be between 5-10%, and will scale up if the price of ETH goes up over time. If you stake 1 ETH, and the interest rate is 10%, you will earn 0.1 ETH no matter what, even if the price were to double. (This interest on your ETH comes from the transaction fees that happen every time someone sends ETH to another address.) + +**Smart Contracts** + +Smart contracts are probably the most complicated for some people to understand. But it’s basically telling the ETH network that you want it to perform a task if a certain outcome happens. Here’s an example. Let’s say you are going to bet your friend that a certain coin will double in price by the end of the year. You both lock your ETH up in the network, and all of it is given to the person who was correct. Basically a decentralized middleman. + +**EIP 1559** + +EIP 1559 is a very important ETH update that is expected to roll out within the next few months. Every time someone sends ETH, there is a network fee. Some of this fee will go to the stakers who earn interest on their ETH to secure the network. EIP 1559 will make it so a part of this fee is completely burned, and will never exist. This will drastically lower the ETH’s inflation rate from about 4.5% to around 0.5-1%. Equivalent to multiple bitcoin halvings. + +**Gas** + +Ethereum has transaction fees known as "gas", this is used to do almost everything on the network. Any time you send ETH, use smart contracts, or use a decentralized app; you will be required to pay some of your ETH. While the fee is considered high by some, it is necessary for the network to remain highly secure. (There are many solutions that will likely lower this transaction fee in the future. It is currently about $20, but is expected to be drastically reduced at some point with ETH 2.0 and EIP 1559. ) This transaction fee or "gas" is used to pay the stakers that secure the network, and will be partially burned with EIP 1559. +I was expecting 20-30% over 2-3 years. But this is getting out of control. We have settled on a place we agreed back in Jan. The agent said he can re-sell it now (we haven’t even got the keys) for 15-20% more. + + +[ANZ forecast 19% growth for Sydney & Perth](https://www.google.com/amp/s/www.domain.com.au/news/house-prices-could-rise-17-per-cent-this-year-locking-some-first-home-hopefuls-out-anz-1038587/amp/) +Hi r/personalfinance, + + Thank you all for taking the time to read my post. So my wife had a 401k with which she contributed to for 5+ years,but being young and naive she forgot about it and lost all paperwork. + + What makes the situation a bit more murky is she doesn't recall the name of the institution through which the 401k is through, also the pharmacy with which she worked for (Brooks Pharmacy) was acquired by Right Aid. + + I guess if we want to claim it we need to do some detective work. Do any of you know and possible actions we could take. + +Thanks again guys and gals. +If true, this is good for those looking to buy. Bad for those who want to sell. The cap on mortgage interest & property tax deduction may decrease the demand for houses and increase the cost of owning. +https://www.forbes.com/sites/kellyphillipserb/2017/12/01/realtors-predict-tax-bill-will-cause-housing-prices-to-drop-in-every-state/#3b4c950030fb +MicroStrategy has just transferred 2089 Bitcoin ($48 million) to a new wallet for the first time ever, likely planning to dump their bags or to help us get back to all time high + +They’re now moments away from facing the largest liquidation in history. + +[20220613-233750.jpg](https://postimg.cc/2VPcdvZv) + +Could it be them just sending their lender more collateral? + +I don't know how that's handled, but it's getting close to the level where they are supposed to post more collateral... + + +In other news...Michael Saylor posted this on twitter, “MicroStrategy has a $205M term loan and needs to maintain $410M as collateral. MSTR has 115,109 BTC that it can pledge. If the price of BTC falls below $3,562 the company could post some other collateral”. + + +[twitter source ](https://twitter.com/saylor/status/1523996525151539203?t=wL8b2iKyL7-AQOGscDPUiw&s=19) +Here you can talk about anything as long as it's related to low market cap crypto. + +This is the place to ask "what do you think about X coin" etc. + +Keep in mind, no spam (affiliate links etc) and no toxicity, be nice to each other. +I was going to buy in this morning, then I did a bit more researching. This "Evergrande dip" is not happening, it's about to start. Thursday the 23rd is when Evergrande's loan payment is due, which they can't cover. + +The Chinese exchanges will open at 9:30am their time, which equates to 9:30pm EST. You may see a huge dip then, which may or may not get worse as their trading day goes on. Smart investing says liquidate crypto first, as it cannot cover traditional payments. I personally expect to wake up to a shitshow tomorrow. + +If the company craps the bed and the CCP doesn't bail them out, there will be a snowball effect on other companies and more people will need more liquidity. This could see big dips in Crypto over the next week(s). + +Not sure what my move is yet. Wait for a bit, or if there is a big dip tomorrow, buy it incase there is a upward correction soon. + +*This is pure speculation as the flair suggests, not financial advice. I don't know what I'm talking about* + +EDIT: Thanks for the awards, goodluck to all! +My parents (75 and 70)took out a 50k loan at a good rate from a local credit union to consolidate their debt. They received the money in Nov 2020 but to date, every time they try and make the monthly payment, they are told by their bank that they will be given the loan money in 2-3 days. They have repeatedly tried to explain that they have received the money and now want to make payments, but every person they’ve spoken to, over the phone at corporate, with tellers in person, the bank manager, the loan officer who processed their loan, tells them they can’t accept payment for a loan they haven’t paid out yet. They even gave my parents an $100 as an “I’m sorry” for the loan being delayed…a month after it was paid out! My parents are putting aside the monthly payments, but I’m worried they’ll end up being penalized in some away. Does anyone have any advice I can pass on? +Hey Everyone! + + +Hello all, I've been so happy for the good reception this has been getting every time, and all of the helping people in many different ways. I'm just so so happy for that. Now just like I always ask, is everyone holding up okay? Still lots of turbulence in the world right now, as well as in people's personal lives. It's okay to take a breather! In, out! Ahh! + +Well this past week have been a treat! After a pretty boring week last week, we were treated to the introduction of a man named Bill Pulte, a millionaire genius playboy philanthropist! Seems like he holds many of the same values as many of us do, caring about one another and not letting big consultants screw people over. Seems the sub has welcomed him pretty warmly. I personally wish him a warm stay. Also, Easter is this weekend. For many that means visits with family and plates full of yummy food, but for alot it's not as fun. I just hope anyone alone and struggling this holiday weekend knows that they truly aren't alone. + + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at things like official charity links and gofundmes. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and youre not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has a happy Easter 🐰🐣, and a good weekend 😊 (if Easter isn't your thing). + +Use your gut and ape help ape! WAGMI. And remember, shorts ARRRR fukt! Full steam ahead! 🏴‍☠️🚩🦍 +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/) +I have been posting a lot about how important I think psychology is and how much i struggle with it. I have finally come to realize that sheer will won't help me because in the moment, my ability to think logically goes out the window. + +And as much as I hate to admit it and I have posted a rant about it, i think i do have a personality that is susceptible to gambling addiction if I don't already have it. I remember even watching a video from SMB Capital that thinks that sheer will is bullshit for fixing mistakes if you don't implement an actual tangible solution. + +So i finally decided that i was going to actually force myself to not oversize and not overtrade by making my broker force me to only have one contract at a time (i'm trading futures now) and have a daily profit target, to which i can raise bit by bit if i have a green week. Right now I have it set at $100 a day. and if i have a green week, i will set it to $105 next week. and then $110 the following, and so on so on. + +Had a pretty rough week so far. Realized that despite any materials I read, any videos I watched, nothing helped. I like how someone else said "even therapists need to go to therapy". Just KNOWING your problems won't solve it. you need physical and tangible solutions to solve it. + +Long story short, sheer will doesn't work with psychological problems. Force yourself to fix it by implementing a plan that physically prevents you from doing it. +Ok, so I had a tow company tow my car out of a snow bank, and onto the road, over the weekend. + +The guy operating the tow truck looked dodgy, but anyway, I needed to get out of the snow bank and go back home. + +Anyway, he got out my car out of the snow bank, then he takes me visa CC, swiped my credit card, got my telephone number, and told me that I would get a receipt on my phone. + +I trusted the guy, and went back into my car, didnt bother to look at my phone that time, got home, woke up next morning, got no receipt. + +I called the guy, first thing in the morning, and he asked me call his office Monday morning at the office at 9am. + +I called him to get his office number, proceeded to call office at 9am Monday morning, phone rings, no one answers. + +I call this guy back, telling him no one is answering, he then tells me that the office opens at 9.30am, so I said ok, i will call around that time. + +I call the office after 9.30am yesterday, same story, no one answering. + +I called the guy back, and this time some lady answers, I can hear +kids in the background, and then this lady tells me that because the weather is sooo cold outside, they are still waiting on the receptionist to come in. + +She asked me for my details and said someone will call me back. I told her if I dont hear back from anyone, within a few hours, I will call back again, she said ok. + +Fast forward, two-three hours later, no call. I call the number back, the guy answers and was so rude this time, and said, no one is still at the office and hung up on me. + +He then proceeds to ignore my phone calls, I call from a different number, he answers it, and then tells me the same story and hangs up on me again. + +I need the receipt for a GEICO tow reimbursement, and when I read the reviews about this company, they are 90% negative. + +They have a F rating under BBB. + +I am in Chicago. + +What is my course of action? Can I call the bank and reverse the transaction, I am just worried this guy might send my bill to the debt collectors, and damage my credit score. + +He only has my phone number and possibly the car license plate details. + +Please help. + +TL;DR Got stuck in a ditch during snow last weekend, call tow company, tow company pulled car out of the ditch and I was back onto the road within minutes, paid tow company via CC same night (visa chase bank), never got a receipt. Need receipt for GEICO tow reimbursement, tow operator and his company have bad reviews all over the internet. Hard to get in touch with "his" office. + +[UPDATE] Rang the office and someone finally picked up. Told them my story and the lady said to me that the receipt should be available by Thursday, the latest. What sort of company is this, that cant just give me my receipt? Real shady if you ask me. + +[Update 2] Many are asking the name of the tow truck company here, and I dont want to name and shame them yet, will only do that once I dont get the receipt, as they said, I will by Thursday the latest. + +Also, many asked that the tow truck company gets reimbursed by GEICO, and I shouldn't be paying anything, my situation was a bit different, I didn't use their tow trucking company, since their wait to help me was 2.5hrs, I used someone else and the lady on the phone from GEICO, said that was fine, and I will get reimbursed, after I send in the receipt. + +I have also sent out a screenshot of the transaction and copy of the message I received from my bank, notifying of the charge on my visa card from the tow truck company to GEICO, as well as an explanation of what has happened, waiting to hear back from them. + +Some posters are saying my insurance rates might go up, but I am not making a claim, it wasn't an accident, no one was at fault, it is a roadside assistance service, so can my rates go up, if I am not claiming anything? +I recently bought a new car for cash, nothing luxurious or special, I just need a run around for work so splashed around £10k savings on a pretty new Vauxhall. Before buying, I was considering a PCP arrangement but decided against it since you never end up owning the car unless the make a huge balloon payment at the end of the contract, or you just swap to another vehicle and continue paying monthly payments and still never have anything to show for it at the end. It’s just feels like throwing money into a bottomless pit. + +I am wondering why people think PCP is the way to go if you are paying for something you never actually own, but still incur all the risks of owning the vehicle. I suppose it does keep monthly payments lower and you get a nice car to drive round in. +But, am I missing something, do I just not understand it? +Is there any other valid reason why PCP is better than HP, or taking a loan and buying outright, or just using savings and buying outright? +For example, say you won $50 million overnight. + +What would be your next steps? + +I'm thinking the logical steps would be: + +1. Hire a good accountant, financial planner and estate lawyer +2. Spend a decent amount of time (say 6 months) without spending any of it while you collect yourself +3. Try to limit how may friends and family you tell +4. Hire personal security? + +Any other ideas or thoughts? +Sounds pretty nuts right? + +If you invest in stock market, you will always see 🐻 posts because *pessimism sounds oh so smart.* + +There will be no shortage of "market crash incoming" and people waiting on the sidelines because of the crash scare. + +Dow Jones tripled over the last 10 years. No one will make posts about that back in 2011 saying "I think by 2021 we will see Dow Jones at 30,000." If they do, people think they are nuts. + +On the other hand, S&amp;P 500 going to 10,000 is in fact, not that big of a deal. At current level of 4,000, it annualizes to about 9.5% per year. This is in line with how S&P 500 have performed over the years. + +When businesses keep growing and stocks keep pushing all time highs, there will always be people saying that market is crashing soon along the way. Invest accordingly. Don't invest money that you can't lose. Don't use margin. Set aside your emergency fund. Buy index funds or great companies that you know. The hardest part is sitting tight. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Deposited cash eight days ago. Nothing. Emailed Kraken twice (who I've had a great experience and recommended to others thus far) and no response. Anyone have experience/guidance they can relay? +His "speculative" trading tax on transactions would also make trades less liquid. (And those are just the taxes that directly impact investors--his other proposals would indirectly hurt investors since the economy will take a heavy hit). + +Whenever I bring up this issue, people either don't care (Bernie supporters) or they laugh at the idea of Bernie actually getting elected or having his tax plan approved. + +I'm finding it a bit hard (if not impossible) though to plan for long term investment and retirement when we have a leading candidate that wants to destroy the markets and punish investors. + +What are your thoughts on the investing environment if Bernie gets elected? And how are you strategizing your portfolio in case these tax proposals do go through? + +EDIT: Well, this blew up. Thanks to those that had insightful and analytical things to add to this discussion from an investing standpoint, and for not letting the baseless political bullies control this thread. This was interesting. +Working theory, would love to see holes: + +More and more im becoming convinced that people who assume oil well rebound are flat out wrong. It may not stay this low but looking at some charts it seems that the previous decade was the anomaly not current prices. + +http://inflationdata.com/articles/wp-content/uploads/2014/05/Inflation_Adj_Oil_Prices_Chart-1.jpg + + +http://inflationdata.com/articles/wp-content/uploads/2015/01/Inflation-Adjusted-Gasoline-Jan-2016.jpg + + +I think data is USA only and in us dollars. Obviously the value of the dollar plays a role. + + +Demand is up obviously but so is supply. Why should the cost of pulling oil from the ground ever go up? With new technologies things get cheaper. If anything the value of oil will fall with time IFF oil supplies don't become exhausted, as I'm pretty sure is far out + +Rebuttle to "we are running out of oil" argument + + +http://economics.about.com/cs/macroeconomics/a/run_out_of_oil.htm + +Rebuttle to getting oil out of ground is more expensive argument: + +http://www.bloombergview.com/articles/2015-08-20/optimists-were-wrong-to-predict-oil-prices-would-soon-rise-again + +Rebuttle to peak oil argument: + +http://www.bp.com/content/dam/bp/pdf/speeches/2015/new-economics-of-oil-spencer-dale.pdf + +I'm seeing a lot of responses relative to geopolitics. This is pretty much an unknown at this point to me. I don't know enough about it. Is it reasonably predicable or more of a wild card? Oil dependant nations will not just collapse, id think they would sell more or borrow. Am I wrong? +> 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 +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Despite being relatively young and in good health, the demands of work and family life put self care on the back burner. As I adjust to working fewer hours one of my goals is to eat better and exercise more regularly. It got me thinking about the value of concierge medicine as opposed to the traditional yearly physical (honestly can't tell you when my last one occurred!). If the goal is to live a long time to enjoy the fruits of your labor, it's impossible to put a price on one's health. That said, I am interested in thoughts on the relative worth of concierge medicine and the more holistic approach they might offer. Would appreciate any opinions. +I know the car question gets tired here, but the tesla subs are so polarized. + +I have decided to give a tesla a try with the next car. We lease our cars and the sedan is about up for renewal. We have been in a Lexus es fsport for two leases and really like the car and company, but I am in the mood for something different. + +So, my dilema is deciding between the Tesla 3 performance and the new S long range. Coming from a loaded Lexus, will the 3 feel less luxury? + +Also, I plan on leasing it as we have with the Lexuses, but my rationale there has been that we like the tech refresh every few years. With software updates being automatic, is that less of a reason to lease with the Tesla? +Look the title says it all. I’m just here to say Happy 4th to all the Americans and Happy GME hodling to all the apes. The past couple weeks have been Mr. Krabs on the charts while the analysts have played grab ass. Nobody cares, everyone has patience and nobody wants to sell. + +This community is awesome… I hope everyone gets a break this 3 day weekend! + +Oh and go watch the meme that u/buttfarm69 made if you haven’t. It’ll jack you in ways you didn’t know you could be jacked. Just do it! +[buttfarm69 meme](https://www.reddit.com/r/Superstonk/comments/ocdhkg/my_name_is_buttfarm69_and_this_is_probably_the/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf) +˙sʇɹɐɥɔ pooɥuᴉqoɹ ɹᴉǝɥʇ ʍǝᴉʌǝɹ oʇ uʍop-ǝpᴉsdn sǝuoɥd ɹᴉǝɥʇ ƃuᴉploɥ ǝlᴉɥʍ ʎlᴉsɐǝ ɯǝɥʇ pɐǝɹ llᴉʇs uɐɔ ǝuoʎɹǝʌǝ ʇɐɥʇ os sᴉɥʇ ǝʞᴉl sʇsod ɹnoʎ ǝʇᴉɹʍ ǝsɐǝld 'ǝɔᴉʇou ɹǝɥʇɹnɟ lᴉʇun oS ˙sɟɟo-llǝs ʎɐpᴉɹℲ/ʎɐpsɹnɥ┴ ǝɥʇ ɥʇᴉʍ pǝpoldɯᴉ soᴉloɟʇɹod ɹnoʎ ɟo ʇsoɯ ʇɐɥʇ ƃuᴉɯnssɐ ɯ,I 'ɥʇuoɯ sᴉɥʇ ɟo ƃuᴉuuᴉƃǝq ǝɥʇ sɐ ʇuǝɔǝɹ sɐ sɥƃᴉɥ ǝɯᴉʇ-llɐ ǝq plnoʍ ʇɐɥʍ ʇɐ ƃuᴉpɐɹʇ llᴉʇs ǝɹ,ǝʍ ɥƃnoɥʇ uǝʌƎ + Clip from today's Whitehouse press briefing - [https://twitter.com/jasonrantz/status/1420823679177355264](https://twitter.com/jasonrantz/status/1420823679177355264) + +&#x200B; + +So... if CDC says we gotta close shop again, what's that mean the market? Will we continue to $PRNT?! + +&#x200B; + +In all seriousness though, if we were brought into 'lockdown' mode again in the upcoming month(s) can we really keep up at this rate? Will people start to get laid off again? How will the service industry handle this, and how will it affect the market? Are there any key takeaways that might be notable from the first shutdown that we should be considering should a second shutdown come? +This seems to be an every day activities. But today I thought about the logistic behind this and could not figure out. + +So if I’m with Commonwealth and want to transfer money to my mom who’s with Westpac, it’s can be an easy operation as a few clicks on the phone. + +But what will happen behind the scene? Will there be a deliveroo take my money in my bank and drive to a Westpac and drop it into my mom’s account? +As of now the time: 2021-11-14 05:15 UTC +Block #709632 + +Explained: +https://bitcoinmagazine.com/technical/taproot-coming-what-it-and-how-it-will-benefit-bitcoin +Hello everyone, I have a few more questions. I have invested about $2500 in the stock market. Half of my stock are in growth stocks and the other half are in dividends. Right now I am holding Honeywell and Apple which are my main sources for dividends. My question is, How do I approach taxes when I am receiving dividends? I know there are accounts I can have to stop paying as much but I don’t know anything about Roth Ira‘s or which I would benefit from. I want to keep reinvesting my dividends gain more growth over time but I don’t want to be taxed out the ass by doing so. Thanks for any help ! +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?** +Hello again, + +&#x200B; + +It's me again (: +We told you $DOGIRA is going to the moon, now check out this tweet: + + +[https://twitter.com/DOGIRATOKEN/status/1372826255033135108](https://twitter.com/DOGIRATOKEN/status/1372826255033135108) + + +"Has anybody wondered what the + +[@dogecoin](https://twitter.com/dogecoin) + +Lead Dev has been up to?" + + +We **already told you** that an OG $DOGE dev was here - although he was just doing moderation and invested into $DOGIRA himself. But what will happen now? Most, or well kinda everyone, in the Telelgram group thinks he's joining as dev and we think they will make an announcement in r/dogecoin. + + +JOIN US NOW. We are already back at 4.5c - it's the best time to get in now. + +**Why $DOGIRA**: + +1. Dev has more news for us this weekend regarding OG $DOGE dev +2. Dev doxxed, CoinGecko coming soon and WOR audited! +3. $FEG partnership +4. EVERY DIP MAKES US STRONGER! +5. OG Dogecoin dev creating NFTS [https://rarible.com/rootpew](https://rarible.com/rootpew)) +6. Community bound is growing, every dip makes us more connected +7. You are encouraged to BUY and HOLD by the tokenomics mechanic. + +**JOIN US NOW AND DON'T MISS OUT!** + +TX to Look in @ Dextools: 0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +Site: [https://dogira.lol](https://dogira.lol/) + +Telegram: [https://t.me/dogiratoken](https://t.me/dogiratoken) + +Ether: [https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1](https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1) +I have over $500k in cash that I am looking to invest. + +As background, my net worth is relatively low compared to folks in the group. + +I have about + $1.25 million in taxable accounts, +$600k in retirement funds. +$ 700 k in cash + +In addition, I max out my 401k, add $125k a year to my deferred benefits and have about $2k a month auto investing to the market. + +Own the building my business operates out of. The building is worth a little over a $1M. I owe about $500 K in mortgage. + +I owe about $300k remaining on my home mortgage. + +I would like to keep $200k in cash as emergency funds but invest the rest. + +My concern is that I have a chunk of my yearly investments already going into the stock market bucket. + +Should I just put the $500k in the stock market or pay down my commercial/home mortgage or are there other options I should be considering? + +Edit: Thanks again for all of your fantastic feedback. I appreciate all of the replies and suggestions. The real world expertise in this group is amazing. + +Based on the discussions here, + +- I paid off my home mortgage yesterday +- initiated a structured pay off of the commercial property in 2 years +- started looking into fee based financial planners in the area to meet +- started researching MFH property deals in the area and looking to reach out to some broker contacts I have for this. + + +- +Just called the international GameStop hotline, the gent on the phone was unaware of any $30 email, however he suggested reissuing the letter from one of the UK offices, would be sent out tomorrow and would maybe even receive it by the end of the week. No cost whatsoever! LFG UK!!!! 🚀🚀🚀🚀🚀🚀 + ++800 38233823 is the number you need! + +Edit: added some proof for the doubters https://www.reddit.com/r/Superstonk/comments/r9buii/you_can_now_call_computershare_internationally/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Edit2: $30 for pin emailed to you, pm me and I'll link the post +Just called the international GameStop hotline, the gent on the phone was unaware of any $30 email, however he suggested reissuing the letter from one of the UK offices, would be sent out tomorrow and would maybe even receive it by the end of the week. No cost whatsoever! LFG UK!!!! 🚀🚀🚀🚀🚀🚀 + ++800 38233823 is the number you need! + +Edit: added some proof for the doubters https://www.reddit.com/r/Superstonk/comments/r9buii/you_can_now_call_computershare_internationally/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Edit2: $30 for pin emailed to you, pm me and I'll link the post +From a daily thread a couple days ago there were a few posts requesting how various insurance products work & apply to fire. I decided to give my own take on what is useful for those on the journey to FIRE or have already retired early. I'm just a lay person. I'm a software engineer & finance nerd. I recommend talking with an independent agent or a fee only certified financial planner for your specific needs if you're unsure of anything. + +Generally the best purpose of insurance is insuring huge risks that would have a very detrimental impact on your own or others lives. The reason we get health insurance and pay huge premiums isn't to have a $20 copay on a $100 cash pay doctor visit, it's so in the unlikely event we have a heart attack and spend 10 days in the ICU we're not coming out with a $100k - $1 million bill. Being on the FIRE path presumably we have an emergency fund and can swing minor setbacks. + +Here is my take on insurance options for all aspects of FIRE, from those in the accumulation phase to early retirement to full retirement age. + +# Insurance Options + +# Private Long Term Disability Insurance +#### What is it? +* Insurance that pays you a monthly benefit if you're still unable to work after a waiting period of 90 days - 365 days. + +#### How does it work? +* Depending on the policy it pays out if you're unable to work in **any occupation** that fits your skills, experience and education. A much stronger policy specifies if you're unable to work in your **own occupation** at the time of disability. An own occupation definition is much stronger, such as the one from my policy: + +> Receive full disability benefits if you can’t perform the duties of your occupation, even if +you earn money working in another occupation + +* The stereotypical example is a surgeon who develops shaky hands. He or she may be able to teach still but will no longer get that juicy surgeon income and may have substantial nondischargeable student loans they have to still pay back. Under an any occupation policy the former surgeon will be screwed and won't be entitled to any payment. + +####Why do I need it? +* For most people their future potential income stream is their largest asset. If you're a 30 year old software engineer you could possibly be making $100k/year for the next 30 years, or $3 million in real dollars. You're FI/RE date may be set back or you might never be able to retire if you become permanently disabled and can no longer work. + +* Medical debt is the hugest reason for bankruptcies. Disability insurance insures you still have an income while you're getting the medical treatment you need. + +* Social security is inadequate. For most cases they require waiting a year before even filing a claim, and most cases take another year to settle. Social security pays very little too. This exceeds most emergency funds. + +* Group coverage isn't much better, generally it's only two years of own-occupation then you are under the any occupation definition. If your employer pays your group plan then the amount is taxed while individual insurance is tax free. HR representatives are incentivised to work against you to both keep premiums down and increase productivity. Most group disability plans are actually marketed to HR as ways of [getting employees to return to work sooner.](https://www.guardiananytime.com/gafd/wps/wcm/connect/6bbb6f3f-fab0-4975-9bd3-8448da816d58/disability-insurance-and-absence-management.pdf?MOD=AJPERES&CVID=maRR0bV) + +> How can employers get disabled employees back to work sooner and keep productivity +high? + +* They'll do everything to help the insurance company deny claims. I've seen it first hand happen to another software engineer that developed carpal tunnel syndrome. It's happened to me too. I dislocated my knee years ago in a sporting event. I was doing a Olympic style Fencing tournament. I was in pain and unable to walk for 3 months but the shitty short term group coverage I had & HR had determined that I could still do my software engineering job and denied coverage, so I had to go in to work anyways. + +* Group coverage is subject to ERISA which is very employer friendly for disability. Your rights are very limited there. Did you know once an appeal has started [you cannot introduce new medical information in it?](https://www.kantorlaw.net/resources/appeal-checklist-to-dos/) You have to be very careful to get your ducks in a row on an initial group claim, and you **need** an attorney if you're having to go through the appeal process. With a private plan the courts are a lot more flexible and you can introduce new evidence as much as you want. ERISA cases represent about 90% of all disability lawsuits on a per insured basis. + +####What coverage should I get? + +* **In the accumulation phase:** A private individual plan is the best protection you can get. You want it own-occupation. You want it guaranteed renewable & non-cancellable so the company must keep the contract in force and can't raise your premiums. Coverage for partial disability (residual) without having to be totally disabled first. A cost of living rider if you're below age 45 to ensure your payments keep up with inflation. To age 65/67 so you're covered under retirement. + +* Even if you're in a group plan you can still get some supplemental insurance. Also check out plans that protect your retirement contributions. They have the same premium as LTD insurance but the benefits go into a trust with investments you get access to at age 65. It's one way to get more coverage. + +* Check out retirement contributions protection insurance. It's a LTD plan with the same rates but benefit payments go into an irrevocable trust that you gain access to at age 65. Since it goes into a trust it lets you get more LTD coverage than you could otherwise get due to over insurance reasons. + +* **Early Retirement:** Carefully consider dropping the insurance. This depends on your goals and what policy you have, as at this point you're financially independent and no longer need to insure a future income stream. You may want to hang onto it though if you got the policy at a young age as the premiums may be very cheap compared to the coverage. Some policies like mine explicitly includes retirement as an occupation so you will have coverage. If you become disabled in early retirement you may still have substantial expenses related to your disability, so for peace of mind I'm planning on keeping my policy when I hit early retirement. + +* **Full Retirement Age:** Most plans will terminate then unless you're still working. At this point the coverage is so little that it's best financially to drop it unless you've messed up and need to work still to make ends meet. + +####What to avoid? + +* Short term disability insurance. It covers for 3 months or less and is just as expensive as long term. Use an emergency fund. Most companies have group coverage which is adequate. + +* Some agents love to stuff these policies with critical care insurance riders, return of premium riders, etc. These just inflate the cost of the plan and gets the agent more commission. Generally your better off investing the cost savings yourself. + +* These days a lot of policies restrict collecting benefits for more than 12 months outside of Canada/USA/possibly Mexico. If you have plans on being an expat and don't want to move back to the United States then find a good agent to shop individual coverage. + +* Opt out of group coverage if you're able to. An individual policy is miles better. Your employer can take away group coverage at any time and you'll likely lose it when your employment is terminated. There are no cobra rights for this. + +* Risky activities/habits before getting the policy like scuba diving, mountain climbing, smoking, etc. They may exclude those activities or increase your rates significantly. Once the policy is in force as long as it's guaranteed renewable they can't cancel it and then you can start those activities. Don't lie or commit insurance fraud. + +####How much does it cost? +* On average for a well written strong individual policy, not supplemental, on average the premium will be 1-3% of your annual pre-tax income. + +####More Info +* https://www.bogleheads.org/wiki/Disability_insurance + +# Term Life Insurance +####What is it? +* Insurance that pays out to the beneficiaries if the owner passes away. + +#### How does it work? +* Term life insurance specifies a dollar payout if the insured were to pass away in a certain term from the date the contract is in force, such as 10 year, 20 year, or 30 year term insurance. + +####Why do I need it? +* If you have any dependents (legally married/domestic partner, kids, etc.) and your net worth is not enough to provide for them then you will want to replace the income stream that you've provided. + +####What coverage should I get? +* **In the accumulation phase:** Get this if only if you have dependents or a life long partner. It depends on your goals/etc. If you're the sole breadwinner and your partner doesn't work then enough to make your partner financially independent. If both you and your partner works then ~10 years income is recommended as they may be out of work for a long time grieving. If you have kids then at minimum it should be enough to see all of them getting to age 18, if you're generous, college. A stay at home partner should have a policy too as they provide valuable services such babysitting, cleaning, cooking, etc., which is costly to replace, and the breadwinner may be stricken with grief and have lowered income from taking time off/etc. + +* If you're single you have **no need** for life insurance. There is no need to buy it until there is a financial need. Agents here will use scare tactics about uninsurability to sell you a policy but if you look at [underwriting guidelines](https://pinneyinsurance.com/underwriting-docs/PacLife-Underwriting-Guide.pdf) there is actually a lot of flexibility. Uninsurability is only for things like morbidly obese, heart attacks (even then, according to that underwriting you're insurable again if your heart attack has been six months or longer, or 3 months or longer after a heart bypass surgery.). So don't worry about spending money for some future uninsurability scare. + +* **Early Retirement:** You don't need it. Your portfolio should be large enough to support your family. + +* **Full Retirement Age:** You don't need it. Term will be too expensive at this point. If your heirs will have a ton of estate tax issues you may want to consult with an attorney on how to plan to minimize them, which life insurance may be one of many approaches. + +####What to avoid? +* Whole life and universal life or anything that doesn't explicitly say **term.** Whole life and the like policies pay out the benefit for life but the premiums are at least 10x more expensive. Since its a guaranteed payout the insurance company has to invest very conservatively. You're better off buying term and investing the rest. Don't mix insurance products with investment products. For life insurance an agent will get 90% of the first year premium + 10% per year of the first year premium in commissions for as long as the policy is in force. If an agent sells one whole life policy it's just like he sold 10 term policies. This is the biggest money maker for agents in the insurance industry by far. The underlying investment options for the policy are mutual funds with high expense ratios with load fees. + +* The **only** time whole/UL life insurance is appropriate is **estate planning.** For example, when you **know** your heirs are going to be paying estate taxes and you don't want them to. In that case a policy that equals the projected estate tax is appropriate to lessen the tax hit. The other appropriate estate planning use is if you have a lot of illiquid assets that are either problematic to sell quickly for estate taxes, you don't want sold at all, or you want to give to specific heirs - "Jim gets my 12,000 acres of hunting land in Colorado valued at 7 million", while making sure other heirs get an even split monetary wise - "while Jill gets a payout from the whole life policy equal to the assessed value of the Colorado land at the time of death." Talk to an **estate planning attorney** if any of these seem ideal for your case. +* Return of premium riders. These make the premium jump 3-4x. These sound good but your money is better invested elsewhere. They only pay out if you don't die or have any other claim on the policy **and** the policy expires on the expiration date without lapses/etc. If you die you've just paid 3-4x what you needed to, and if you don't die you may be keeping on a policy that's too expensive or not needed anymore. + +* Accidental death riders. These are "feel good" riders that pay 2x the death benefit if it was an accident or catastrophic death. Insure your true insurance needs. Don't try to under-insure then make it up with an accidental death rider. + +* Waiver of premium for disability/unemployment riders. This is what an emergency fund and long term disability insurance is for. For my quotes it bumps up the premium about 10-25%, and depending on the policy either pays the premium for 6 months to 1 year if you're unemployed or disabled for at least over a month. Some less worthwhile policies will just suspend the policy, which is **bad**, as there will be no life insurance payout while it is suspended. + +* Terminal illness rider. This is another "feel good" rider. It pays out between 50-80% of the policy amount, usually up to a cap of 1 million, if you're diagnosed with a terminal illness with a life expectancy of less than 12 months. To the lay person it sounds amazing to have this, but in reality there is something known as a [viatical settlement](https://en.wikipedia.org/wiki/Viatical_settlement) where if you're that sick you can sell your life insurance policy to a third party. Viatical settlements may go up to 90+% of the value of your life insurance. While it's not a bad backup policy to have, don't go for a more expensive policy just because it has a better terminal illness rider. The insurance company is making money off hoping through your ignorance you exercise the rider so they can then get the policy off the books and profit 10-40% vs the full policy being paid out. On the open market you can easily find a settlement for an illness that death is expected in two years, not one, and perhaps more than the caps the insurance company has. +* Disability income rider. This lumps a short or long term disability plan into life insurance. Avoid the rider here and get a full policy for disability. The rider here will have the most unfriendly group-like language in it such as any occupation and be just as expensive. +* Long term care insurance rider. Same issues as the above disability income rider. +* Group coverage. Over the ages it is a lot more expensive than an individual policy. It starts out really cheap before age 35-40, but over the lifetime you'll pay more than term. It's only for those who term is more expensive or are uninsurable. Plus your employer can take it away at any time and you'll likely lose it when your employment is terminated. There are no cobra rights for this. + +* Risky activities/habits before getting the policy like scuba diving, mountain climbing, smoking, etc. They may exclude those activities or increase your rates significantly. Once the policy is in force as long as it's guaranteed renewable they can't cancel it and then you can start those activities. Don't lie or commit insurance fraud. + + +####How much does it cost? +* It's cheaper than you think! For a 30 year old healthy male 20 year $1m term policies are about $480-$580/year. + +# Health Insurance + +####What is it? +Pays for part or all the cost of receiving healthcare & medications. + +#### How does it work? +* It depends on the policy and if it is a **high deductible** or traditional policy. Generally you have a **deductible** and an **out of pocket max.** Depending on your policy you have to pay cash or co-pays until you've hit your deductible for the year, then once you hit your out of pocket max you won't have to pay anymore for that year for stuff the policy covers. + +####Why do I need it? +* Medical debt is the hugest reason for bankruptcies. An emergency could cost over $100k - $1 million dollars. + +####What coverage should I get? +* **Accumulation Phase:** Carefully compare group plans with your employer with the market place and pick the best coverage for your situation and family needs. If you're young and healthy you can look into high deductible health plans that are compatible with a health savings account, allowing you to save a lot of tax deferred money and save taxes. +* **Early Retirement:** Currently with the ACA subsidies in place and careful tax planning if you're more of the /r/leanfire mindset, you can get a lot of affordable coverage from the marketplace. You can also look into getting company coverage if you are still doing some consulting on the side. +* **Full Retirement:** [It's really tricky to get private coverage once you're eligible for medicare.](https://medicare.com/about-medicare/can-i-go-without-medicare-and-get-private-health-insurance-instead/) Unfortunately this is one area I'm not too knowledgeable in. + +####What to avoid? +* Going uncovered/self insured. With the affordable care act there are penalties for doing so. +* Avoid indemnity plans. These plans don't provide the coverage you think you're getting and have a lot of outs for the insurer to not pay. Even if the insurer does pay, you typically have to pay first and submit requests for reimbursement, making it a lengthy process. +* Watch out for plans that only have coverage in one state or no international coverage. All plans should have emergency coverage but the insurance company will do their best to deny emergency claims. + +# Auto Insurance + +####What is it? +* Insures you for liability and insures your car if you should get into an accident, it gets stolen, or acts of nature damage the vehicle. + +#### How does it work? +* Auto insurance is split into multiple parts: +1. Liability - covers bodily harm you've inflicted on others. +2. Property - covers property damage you've inflected on others. +3. Collision - covers damage to your car from yourself or others. +4. Medical payments - quick source of cash for medical payments for anyone including yourself. +5. Uninsured/under-insured motorist liability - bodily harm to yourself if the other motorist has no insurance or less insurance than this amount. +6. Uninsured/under-insured motorist property - Same thing as liability but for property. Some states don't allow this, so instead you need a collision *waiver* coverage instead, where it will waive your deductible. +7. Comprehensive - This covers acts of nature/god, glass breakage, etc. It's usually pretty cheap for the coverage. + +####Why do I need it? +* Most people get too hung up on the value of their car and don't think about the liability risk. For FIRE folks the biggest risk by far is the liability risk, as auto claims can easily go up to $400k+ payouts if you hit an entire family in another vehicle. A lot more people are driving really expensive cars these days and with better safety cars are meant to crumple, making a car be totaled a lot more often than in the past. + +####What coverage should I get? +* **All phases:** My recommendations are to get the max liability you can up to your Umbrella insurance requirements (umbrella description is later on.) and max property liability. Economically getting collision if your car is currently valued about $20k or more makes sense. Once you get to about $10k of value assuming more deprecation you'll have paid more than the value of the car in premiums in the next 5-10 years, so it's better at that point to just do liability/uninsured only. + +####What to avoid? +* Other cars. Insurance rates heavily depend on your driving history, number of accidents, etc. +* Avoid riders like mechanical breakdown insurance - it covers way less than what you think, and is only an extended warranty, and won't cover anything if its still covered by +a manufacturer's warranty. +* Towing coverage isn't that good on most policies or has limits. Go with AAA if you need towing coverage. +* Shop around and get at least 4-5 quotes. Claim service matters a lot. Some insurers only use the cheapest body shops. See if you get any discounts for being a member of a professional organization or owning the company's public stock. + +# Homeowners/Renter Insurance + +####What is it? + * Insurance to cover anything related to your home - coverage for the dwelling, coverage for the contents, and liability coverage. + +#### How does it work? + * The policy is broken up into property coverage(excluded on renters), contents coverage, and liability coverage (if someone slips & falls on your property, or if you damage a rental.) + +####Why do I need it? + * You need it if it would be a severe hardship to lose your house or you have a mortgage on it. + * You need contents coverage if it would be a severe hardship to replace *everything*. + * You need liability insurance for a bigger umbrella policy, and especially as a renter as you may damage the property and have a huge liability. + +####What coverage should I get? + +* **All phases:** + 1. For homeowners - make sure the property coverage is enough to fully replace your home with new construction. There are [severe underinsurance penalties](http://baroninsurancegroup.com/the-home-insurance-penalty-you-dont-know-about/) if you don't have enough coverage, punishing you more. + 2. For renters - Enough liability to get Umbrella insurance coverage. You're renting the property and don't want to be on the hook for any severe damage you cause. +3. For everyone - Add up how much it would cost to replace your property with brand new items if everything was lost. I was surprised to find out my tiny 2 bedroom apartment the replacement value of my contents is $55,000. If I lost it all I'd be really harmed financially. +4. You can drop all of this insurance if you fully own your home, expect no liabilities, and your portfolio can afford the hit to buy a complete new home/contents at 4% SWR. If that's not the case then you need this coverage. +5. Get sewer/sump backup coverage. It's cheap and without it the insurance company will deny a claim if sewage gets backed up into the home. +6. Look into flood & earthquake insurance. Unfortunately, I don't know as much about these policies and I'm not in a place to offer advice here. + +####What to avoid? +* Actual cash value policies. You always want to get **replacement cost** coverage. If you have an actual cash value policy the insurance adjuster will try to ascertain the market value & condition of the item or property. With replacement cost they have to get you the same item or cut a check for the cost it would take for you to replace the item. Under an actual cash value policy they are free to replace with "like kind" items. A top of the line 60'' OLED LCD TV could be replaced with a 60'' bottom of the line LCD TV. Under replacement cost coverage you could get your specific model back or a better item. Replacement cost coverage saves a lot of back and forth with adjusters too, giving you time savings. +* Be careful of policies that have limited coverage such as only $2,000 for jewelry/firearms/etc. You may need an additional rider for those, or get scheduled coverage, or go for specialized coverage from a third party that handles your particular possession. + +# Umbrella Insurance + +####What is it? + * Umbrella insurance is an extended liability insurance that kicks in once you exceed your liability limits on your auto or homeowners/renters policy. Coverage starts at $1 million and is very cheap and cost effective for the coverage. I pay $160/year for $1m of coverage. + * Umbrella insurance also provides coverage should you be sued for: libel, slander, false arrest, malicious prosecution, shock/mental anguish, or other personal liability situations. + +#### How does it work? + * Umbrella insurance has requirements that you maintain $X of auto & renter liability. On my policy it's $300k liability/$100k property for auto and $100k liability for renters. They insure past those amounts, so say if you only had $200k of auto liability then you're on the hook for $100k of that until the $300k start for umbrella kicks in. So in an auto liability case I'm covered for $1.3m with a $1m umbrella policy. + +####Why do I need it? +* It provides you with protection that exceeds most auto & homeowners policies. We're insuring the extreme case here such as if you hit someone's Ferrari, or have some huge liability lawsuit. It's nice to have a lawyer fighting for you in these cases. + +####What coverage should I get? +* If you have a income of more than $50k per year or significant non-retirement assets then you should strongly consider a policy. Your wages could be garnished. You could lose assets or be forced into bankruptcy. +* Buy a $1m base policy as it should cover all realistic scenarios you could get yourself into. $2m or higher only if you have retirement assets of that amount or up to 10x your annual pre-tax income. (so a $2m policy for someone making $200k income.) + +####What to avoid? +* Nothing. I haven't seen any riders for this product. The product is pretty specific and I've not encountered any up-selling on this policy. + +# Long Term Care Insurance + +####What is it? +* Provides coverage if you're in a nursing home or hospital for a long term by paying your nursing home up to the dollar amount specified. + +#### How does it work? +* Like disability insurance there is a waiting period of 90 days or more. Some policies the waiting period only starts from the date you start receiving long term care, not the date of initial hospitalization. So you need to be able to at least swing the initial payments. + +####Why do I need it? +* Nursing care facilities are expensive. They can easily range from $200-$400 a day, or $100-$150k annually. You'd need a 2.5m - 4m portfolio to self-insure that spending at a 4% safe withdrawal rate otherwise if you ever recover your retirement could be seriously hampered. +* Some nicer facilities may refuse medicaid or have long waitlists for medicaid. You get much better service being a cash payer. (Note if payments eventually switch to Medicaid it'd be illegal for them to refuse coverage.) +* Medicaid & estate planning issues. + +####What coverage should I get? +* **Accumulation Phase:** You don't need to consider this at all. Most carriers even refuse to quote anyone below age 30-45 as at this age group a lot of people shopping for LTC are people likely to get Huntington's disease or some other genetic disease. Plus the LTC insurance market is in an upheaval currently and your rates may increase significantly or the carrier may go bankrupt by then. +* **Early Retirement:** Starting in your 50s to age 65 it's a good idea to look into this insurance to see if it fits your needs. +* **Full Retirement Age:** By now it should be a serious consideration in your financial planning. If you decide to get the coverage it's recommended to get at least a five year policy so you can move assets into trusts and [spend down to get medicaid](https://www.payingforseniorcare.com/medicaid/spend-down.html), avoiding the [five year look-back period.](https://www.payingforseniorcare.com/medicaid/look-back-period.html) +* Ideally try to get a policy that lasts at least five years. Insurance companies used to offer a lifetime benefit but had large issues as it turns out it was a bad bet - they were paying more than receiving in premiums. +* The policy must be guaranteed renewable. It's very doubtful you will get a non-cancellable policy as the market has gone through turbulence and have increased rates a lot. If you run across a non-cancellable policy it's a huge consideration. +* An inflation rider. Even if you're buying coverage at age 65 chances are you may not need it until age 85 or higher. At 3% inflation the dollar amount you're protecting will be half the purchasing power after 17 years. + +####What to avoid? +* Policies under five years. It will limit your flexibility in options if that time should ever come. +* Return of premium rider. This isn't life insurance and isn't competitive at all to what you could invest yourself. Why make your insurance more expensive? + +# Critical Care Insurance +####What is it? +* It is a named perils policy that pays the specified lump sum if you suffer any of the named perils. The coverage varies greatly by insurer and covers 7 - 14 named perils on average. Some common benefits are heart attack, stroke, life threatening cancer, major organ transplant, kidney failure, Alzheimers, paralysis, blindness, deafness, coronary artery by pass, etc. + +#### How does it work? +* If you're diagnosed with the named peril above based on your doctor's statement or icd codes you will get a payout. If you suffer a myocardial infarction you will get a payout for their heart attack benefit. + +####Why do I need it? +* You don't. **It is not replacement for health insurance.** It only names a few very specific illnesses. It doesn't pay out for similar or leading up to illnesses. For example, lets say you go to the ER for a "heart attack" and after diagnosis the doctor diagnoses you as having [angina.](https://www.mayoclinic.org/diseases-conditions/angina/symptoms-causes/syc-20369373) It is definitely a serious head to the emergency room situation but you won't get a payout as it wasn't specifically a "myocardial infarction." Likewise, on the policy quote I've gotten, "Heart failure" isn't covered. A heart attack is a lack of oxygen to the heart, usually due to from a blockage, while heart failure means the heart muscle itself cannot pump blood properly. + +####What coverage should I get? +* Get generalized health insurance instead of this and a good long term disability insurance plan. +* This coverage can be expensive like $500/year for $100k payouts. + +####What to avoid? +* This entire insurance product. + + +# Travel Insurance +####What is it? +* Comprehensive coverage providing health insurance coverage outside your home nation, coverage for cancelled, missed trips/flights, missing baggage, and medical transportation/evacuation. + +#### How does it work? +* It is a lot of different insurance products combined into one comprehensive policy. For most of the policies out there it is **secondary insurance.** That means if you have an insurance policy with anything else you need to make a claim first, then if the claim is denied, you then make it with your trip insurance. This mostly comes up with the health insurance side of the policy. +* Most health insurance on the trip insurance will only cover 30-60 consecutive days outside your country of residence. +* It doesn't cover pre-existing conditions from 60-180 days prior to the purchase date depending on the policy unless you purchase a waiver. They can look back in your medical record to determine if you had a pre-existing condition. +* If you cancel your trip for a specific valid reason for the contract - such as an illness that prevents you from taking the trip, you can get 100% of your trip cost back. + +####Why do I need it? +* The most important part of this insurance from a FIRE preservative is the health insurance. Many health plans, especially those on the health insurance exchange, don't provide any international coverage outside of emergency coverage. Even if it is a true emergency the claims process can be problematic for international vs working with a travel insurance company that has experience working international claims day in and day out. +* The other huge benefit is medical transportation back to a better hospital or your home, which your health insurance certainly won't pay for unless it was absolutely essential to your life. You have more leeway with travel insurance. +* The other good need for this insurance is expensive non refundable trips like cruises or scuba liveaboards. Generally the insurance costs between 1-3% of the total trip cost. +* The other features of policies are nice to have + +####What coverage should I get? +* The biggest thing in this area is reviewing claim service and making sure you have good health coverage abroad. +* After that, the features on the policy are "nice to haves." +* One "nice to have" coverage is **cancel for any reason** coverage. It lets you cancel for any reason and usually get 75% of your trip cost back. It's typically not too much more to add onto a policy. +* I'd only buy insurance for international trips or really expensive nonrefundable trips that you couldn't afford to take a second or third time in the same year if you had to cancel. +* If you're traveling 3+ times a year internationally you can look into getting annual travel insurance to take care of the health portion. It won't have much, or any, coverage for trips but it will cover the biggest risk for FIRE folks. + +####What to avoid? +* Things you don't need like accidental death. Your life insurance is good enough if you need that coverage, so don't go out of your way to load up on policies with a high accidental death benefit. +* under insurance if you plan on using any of the trip cancellation features. Most policies deny your claim if your non refundable costs are greater than what you've purchased the insurance for. +* Overlapping coverage. No reason to get rental car coverage for example if you're already covered elsewhere (credit cards, your auto insurance, etc.) +* Insurance provided through the cruise line/airline/trip provider/travel agent. Usually its very limited coverage just for that specific trip, or your refund is another trip on the carrier instead of cash, and it's marked up a ton compared to the open marketplace. + +# Scuba Insurance/insurance for your high risk activity of choice +* Scuba diving is excluded on a lot of policies like life insurance, disability insurance, etc if you're a scuba diver before getting the policy. +* If you're a diver you should get it, period. Divers Alert Network is the go to for a diver and they've been really helpful and good to the community. +* If you're vacationing then your trip insurance may be adequate. You may have to get a special sports rider depending on the policy. Trip insurance may deny if you go under 60-80-100-120 ft depending on policies. DAN insurance has no depth limit as in an accident you may have inadvertently gone beyond your limits. +* Then having the DAN card will get you in a chamber right away and first class service as there won't be any question of ability to pay. DAN also has some nice things like a small life policy and some disability coverage as well due to injuries from the sport. + +# Insurance not listed. + +####What is it? +* Phone insurance, extended warranties, GameStop's disk protection, Pet insurance, etc. + +#### How does it work? +* Pays out for certain events that are unlikely to occur. + +####Why do I need it? +* You don't. These are insuring against minor expenses or have a ton of outs for the insurance company to deny coverage. Generally things like cell phone insurance will only pay out half a phone's value, maybe replacing it with a refurbished phone, and is pretty costly, almost equal to a payment plan of getting a new phone. You're better off being careful and having an emergency fund for when things happen. + +####What coverage should I get? +* Only plans you absolutely 100% know you will make more money by having it than not. For example maybe you're in construction and your phone gets dropped/damaged more often than not. + +####What to avoid? +* Everything listed here. + +Had a no-coiner tell me that BTC is not "real money" and "you need to get your Bitcoin turned in to real money before it's too late," oh...and to "enjoy the bitcoin stuff while it lasts, because the US Government will ban bitcoin soon and you'll be out a fortune wishing you would have cashed your BTC in to USD." Of course, I'm hodling and ignoring the no-coiner advice like always lol. + +Still, I think it's good to understand the opponents of BTC in order to help them. This specific no-coiner just will not buy BTC because they insist it's not "real money." Maybe they shouldn't? It really seems the saying is true "you buy bitcoin at the price you deserve" basically lol. + +I know the US talks about "regulating" bitcoin, but do we really think they can ban it? + +When they have different opinions than you do about BTC, how do you deal with no-coiners and how do you deal with the people who say "bitcoin is not real money?" + +Bitcoin is real money! Surely other bitcoiners understand lol. +My dad wants to build up some sort of fund for them to have some money when they come of age, and apparently his financial advisor suggested this life insurance thing. + +The gist of it as I understand it is that he will pay a monthly fee, and when they turn 18 they’ll have the option to cash it out or keep it going on their own. + +It sounds strange to me, is this legitimate? If so, what are the potential pros/cons of this vs a normal investment account or a 529? + +Edit: thanks for all the comments. Interesting variety of opinions here, but seems like some great information to help him make a more informed decision. I’ll probably send him this post to let him review and make his own determination. + +Edit 2: apparently it’s a “Fixed index universal life policy” or a FIUL +I just want to pose this question as a discussion to build my thinking. + +I have some interest in this question, because i'm looking for a house but don't understand why prices aren't falling even with an apparent upcoming deluge of defaults. I suspect that they might really only experience a slight dip in the property markets with long-term value (e.g. close to city, nice suburb, gentrifying etc). + +I'm young with a stable job in Government, and have a reasonable chance of not losing my job. I have a good amount of savings and have personally decided that i don't care all that much about "gaming" the market and seizing a great bargain, and I may as well buy a decent property within my budget that i can enjoy. I can just take the long-term value over a 20-30 year timeframe. + +Here in Brissie prices seem to have increased in the interim, unless you're in the very outer suburbs (i think). Brisbane should be especially susceptible to COVID-19, given the restrictions, the reliance on tourism and education markets and that there really aren't as many jobs as Sydney (or Melbourne). Properties are snapped up quick here. Yet, the economy has collapsed, we're in recession (both in the abstract macroeconomic sense, and in reality given the stimulus that was needed) + +So i can't help but wonder why my intuition is wrong and there isn't a correction? Family friends think the right time was *right* at the beginning of the COVID-19 panic, when we were all thinking the virus would sweep Australia and consume us all. Even if it is inevitable and we are on "pause", the fallout would be so bad that a fallout should be felt right now. + +This virus is unprecedented, and it's destroyed the economy. A lot of people will or have lost their jobs, and this can extend to the professional white collar sector. This economy (its GDP metric) is linked to the property market, but in that case real estate is a bubble (but not, because population growth via immigration is a cornerstone of the bubble). +# Last year they illegaly colluded to stop retail from buying. + +**Don't forget this.** + +**Then they drove the price down** [80% on next to no volume](https://i.imgur.com/1wBDm2Z.png)**, making most of the late january YOLO option plays Out of the Money.** + +**This way they effectively stole a large amount of shares and money from people. And got away with it.** + +\------- + +Nobody stopped them last year. We saw in the congressional hearings that the politicians are even dumber than we are and they won't be stopping anything. + +We've seen how the SEC stands idly by while financial criminals fleece retail for money. + +The market is completely fraudulent, ruled and self-regulated by criminals who collude to scrape every penny out of every fool they lay their greedy eyes on. + +This is why people buy shares and DRS. Because they remember what happened last year. + +Do whatever you want. Buy options, put bananas up your ass, I'm not stopping you. + +\-------- + +# Why I hodl / hold + +I'm holding because I'm seeing a chance of systematic change. I consider my GME money spent. I don't care about getting rich. I don't care about "bullish plays" or "tendies". + +I hold because I want this fraudulent, criminal, tragicomic excuse for a market to change. + +I hold for the future of mankind to not get their savings fucked by inflation, their pensions stolen by billionaires in hedge funds, their cancer medicine research held back by Wall Street Greed, and their lives wasted in debt slavery with monthly overdraft fees only going to enrich demons like Jamie Dimon. + +I believe that shorts are completely fucked. I believe most of Wall Sreet is deep underwater in infinite risk, and those that aren't are indirectly going to be fucked when this thing takes off. I believe that the short interest is absolutely astronomical. + +I believe that moass would have happened last year if they didn't restrict buying. + +I believe theres no way out for Wall Street. Just a matter of time. + +Power to the players. This is how the **Game Stop**s! + +\----------- + +This is Lunar Stonkosis, ape going dark.^(will post my purple rings when they arrive though) +I ended my first month of trading (April) with a profit of $1500. Some things I've learned, that may be obvious but hopefully can help other people out will be posted below. Take all this with a grain of salt as everyone has different strategies. + +1) Dont trade the first hour of market open imo, as a new trader the first hour you are competing against professionals, corporations etc, its better to observe for a few weeks before you commit. +2) Use price action to trade and fundamentals for a general understanding. Do not trade like an investor. +3) Have a stop loss or at the very least a mental stop loss, I still need to be more disciplined with this. +4) Do not fall the the millionaire emotion, In other words you have one really good day up $500 then your ego goes out of control you start having these crazy fantasies that every days gonna be like this. Just take what the market gives. +5) Losing money isn't the end of the world, just learn from it otherwise your bound to repeat your mistakes. +6) God does not care about your position, just cut your losses and dont be over greedy about your profits. +7) You can read/ watch all the books about all the mistakes yet you are still gonna make em. However, being aware might make you learn faster and not repeat as often. +8) Daytrading is NOT for everyone, with a 90% failure rate it should be obvious. Not everyone can develop the temperament to be a successful trader, same thing applies to me +9) Adjust strategies and goals accordingly + +Theres a lot more but all in all I'm having a good time learning about trading. For me its a extra income source, until I start work later this month. +Hope this helps someone. +I’ve recently started automatically investing about $250 each week split between VTI and VOO. I thought the diversity would be beneficial but im reading that they are composed of essentially the same stocks. Should i just pick one and invest $500 in it each week? And which one would you recommend? Thanks +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +**DISCLAIMER:** I had to dig deep on this one Apes. Some of the information in this Volume of BBC comes through unverified sources. I have used source links where possible, but the sources referenced may have their own Agenda in what they are saying that I can't account for. In saying that... They are mainly referenced to detail my journey, which leads to verified credible sources. + +**ALSO...** I am not actually going to claim that anyone did anything, merely just connect some dots and let you form your own opinion. + +**ALSO...** This is not financial advice, I am not financially qualified, and full disclosure I am a $GME shareholder. + +**ALSO...** this post is an introductory post to BBC part 5. I'm working on more connections to $GME, and this is part of that. + +&#x200B; + +Now that that's out of the way... + +Let's dive in. Shits getting Dark Apes. (But no surprises there) + +So we all know that Billionaires love to count themselves as Philatropists right? + +This is the ONE thing, nearly all of them have in common. + +So since I was looking for connections between all these guys for the BBC, I decided to look at what they all had in common. + +\--------------------------------------------------------------------------------------------------------------------------------------- + +I'm not American, so I am not up to date on the School System, but as I'm sure many of you are, I'm guessing you know a little about Charter Schools? + +But again... I'll try to stay out of Pol itics, though a lot of this will hover around the subject. + +So on looking into these Billionaires and their Philanthropy... I discovered that ALOT of them were keenly interested in Charter Schools. + +(Don't worry, I will look at the other stuff, but up first is Education) + +ANYWAY... + +I started down my path for curiosity to see if I could uncover why the Super Rich are so interested in these schools and "Reforming" education. + +I'm sure many of you see this as a worthy endeavor. The school system needs reform as it's severely underfunded right? + +# Let's start with WHY + +My first stop into this DARK CAVE was a little Infographic I found on Facebook... Claiming that the High Cost of Oaklands Charter Schools were financially impacting the Public School sector by $57 million net loss... + +https://preview.redd.it/xf9dzfzj6g571.png?width=1668&format=png&auto=webp&s=ca106768b8448950cf274299aca84de1b89d574f + +Source: [https://www.facebook.com/OaklandEA/photos/a.10150107486279627/10156853628859627/?type=3&theater](https://www.facebook.com/OaklandEA/photos/a.10150107486279627/10156853628859627/?type=3&theater) + +Bu this could be explained away and my source can not be verified. So I carried on searching. + +**NEXT UP** + +I come across an article discussing **Why Billionaires Love Charter Schools** + +This article goes into detail about the 2 main reasons Billionaires love charters... + +TINFOIL HAT TIME + +Investing in these schools allows them to 1. Avoid Taxes and 2. Disrupt Unions. + +Yup... Anti-Union Conspiracy theory. Maybe it makes sense? I don't know to be honest. (I'll let you make up your own mind) + +But Avoiding Taxes... + +Now that's a language I can see the Hedgies speaking. + +Source: [https://eastbaymajority.com/why-billionaires-love-charter-schools/](https://eastbaymajority.com/why-billionaires-love-charter-schools/) + +\-------------------------------------------------------------------------------------------------------------------- + +So I continue down further into the Cave... + +It's getting Dark now, and my light is Dim. + +I find more and more of these types of articles, hypothesizing different reasons behind the love for Charter Schools... + +Some of it may have merit... Some of it may be fluff... I'm not expert. + +But I continue to follow the MONEY breadcrumbs. + +Before I go there though... + +I just wanted to reintroduce our Friend "Milky" Milken + +&#x200B; + +https://preview.redd.it/yeb9uf078g571.png?width=660&format=png&auto=webp&s=aa4029d7e1c920593ffa63a0e1920976d3e7d5b5 + +And another SUPERSTONK favorite... + +&#x200B; + +https://preview.redd.it/sqr9lqji8g571.png?width=800&format=png&auto=webp&s=ef764218506532a1dc0f42a2748c3700fd3d4e2c + +Yep... Mr Bill gates... NOW... DISCLAIMER... I'm a nerd and love computers and have looked up to old Billy since I was a kid. I honestly respect him until proven otherwise. + +But he does come into play here. + +I was looking into WHO actually invests in these Charter Schools and I came across this article... + +**GOT DOUGH? HOW BILLIONAIRES RULE OUR SCHOOLS.** + +Now this article is in a pretty reputable Magazine, with high domain authority, readership and traffic. + +(BUT AGAIN... I have not verified this magazines Agenda) + +The article details the ongoing campaigns of Billionaires to pump 100s of millions into these schools. + +The 3 BIGGEST of these are: + +* The Bill and Linda Gates Foundation +* The Broad Foundation +* The Walton Family Foundation + +We will get into this in more detail shortly... BUT... BOMB DROP TIME... + +***(A bigger bomb is coming)*** + +Give a guess who else was listed in this article? + +FUCKING MILKEN... They didn't even call him by his full name and listed him in a bunch of other names... so much so that if you were skimming the article and not paying attention... you would have missed it. + +*"And they fund the same vehicles to achieve their goals: charter schools, high-stakes standardized testing for students, merit pay for teachers whose students improve their test scores, firing teachers and closing schools when scores don’t rise adequately, and longitudinal data collection on the performance of every student and teacher. Other foundations—Ford, Hewlett, Annenberg,* ***Milken***\*, to name just a few—often join in funding one project or another"\* + +So DOT CONNECTED... we now have a common interest between Milken and Gates. + +(The common Interest between Gates and Kenny... is ALOT more substantial) + +SOURCE: [https://www.dissentmagazine.org/article/got-dough-how-billionaires-rule-our-schools](https://www.dissentmagazine.org/article/got-dough-how-billionaires-rule-our-schools) + +\----------------------------------------------------------------------------------------------------------------------- + +**NOW... LET'S GET INTO HOW INTERESTED THESE GUYS ARE IN CHARTERS** + +Milken: + +Damming Article about Milken and FOR PROFIT Cyber schools from 2013: + +[https://www.prwatch.org/news/2013/10/12257/junk-bonds-junk-schools-cyber-schools-fleece-taxpayers-phantom-students-and-faili](https://www.prwatch.org/news/2013/10/12257/junk-bonds-junk-schools-cyber-schools-fleece-taxpayers-phantom-students-and-faili) + +(Early Days, before they worked out the kinks) + +Article in Bloomberg (Which I refuse to pay for) stating: + +***The children attend Agora Cyber Charter School, managed by K12 (LRN), the largest U.S. operator of taxpayer-funded online schools and part-owned by billionaire Michael Milken.*** + +And goes to say: + +***If it were a school district, it would be one of the largest in America. K12 expects to generate $500 million in revenue this year—it earned a $21.5 million profit last year—and its stock has doubled in value since the company went public in December 2007. The financial success of K12 has shown that Milken—the 1980s junk-bond king, convicted felon (securities fraud), and health-care philanthropist—has figured out how to profit from public schools.*** + +Hang on 1 second now! + +This article is saying that Michael Milken, the 1980's junk-bond king, convicted felon (securities fraud), and health-care philanthropist... **HAS FIGURED OUT A WAY TO PROFIT FROM TAX-FUNDED PUBLIC SCHOOLS?** + +...fuck me... + +Again, I'll let you make your own determination on this... but this seems to tie back into all the Tin Foil hat articles I've been reading today... + +FUCKIGN SOURCE: + +[https://www.bloomberg.com/news/articles/2011-06-02/education-according-to-mike-milken](https://www.bloomberg.com/news/articles/2011-06-02/education-according-to-mike-milken) + +\------------------------------------------------------------------------------------------------------------------------------------ + +So let's fucking continue shall we? + +In 2006... Kenny and the Bill and Melinda Gates Foundation opened a new charter school in Chicago called Woodlawn High + +FUCKING SOURCE: [https://foundationguide.org/philanthropist/kenneth-cordele-griffin/](https://foundationguide.org/philanthropist/kenneth-cordele-griffin/) + +&#x200B; + +https://preview.redd.it/qyc8wrdrcg571.png?width=1024&format=png&auto=webp&s=fa966c1ea2389a6e9dcea2734e7ff05d6401d166 + +**Gates Foundation Invests $10 Million in Charter School for Students with Disabilities:** + +Fucking Source: [https://philanthropynewsdigest.org/news/gates-invests-10-million-in-charters-for-students-with-disabilities](https://philanthropynewsdigest.org/news/gates-invests-10-million-in-charters-for-students-with-disabilities) + +**Kenny and Bill and Melinda Gates Foundation Invest $6 million in Saga Education. (A school that doesn't say they are a Charter School, but who's Board is Filled with Charter School Alumni)** + +**Article Source:** [https://www.citadel.com/news/ken-griffin-and-the-bill-and-melinda-gates-foundation-scale-tutoring-program-to-address-persistent-opportunity-gaps-in-major-urban-districts/](https://www.citadel.com/news/ken-griffin-and-the-bill-and-melinda-gates-foundation-scale-tutoring-program-to-address-persistent-opportunity-gaps-in-major-urban-districts/) + +**Board Source:** [https://www.sagaeducation.org/our-board](https://www.sagaeducation.org/our-board) + +(More than those on this list that associated themselves with Charter schools, actually have a background in Charter Schools) + +**Gates Foundation Invests a further $22 million into New York and California Charter Schools** + +**Fucking Source:** [https://www.gatesfoundation.org/ideas/media-center/press-releases/2003/06/investing-in-highquality-charter-schools](https://www.gatesfoundation.org/ideas/media-center/press-releases/2003/06/investing-in-highquality-charter-schools) + +**Gates Foundation Invests $5.7 Million into Charter Schools in Los Angeles** + +**FUCKING SOURCE:** [https://www.gatesfoundation.org/ideas/media-center/press-releases/2003/05/aspire-public-schools-receives-grant](https://www.gatesfoundation.org/ideas/media-center/press-releases/2003/05/aspire-public-schools-receives-grant) + +**Kenny GIFTS $10 million to charter schools in New York** + +**FUCKING SOURCE** [https://www.successacademies.org/press-releases/kenneth-c-griffin-charitable-fund-donates-10m-to-expand-success-academy-middle-schools-across-new-york-city/](https://www.successacademies.org/press-releases/kenneth-c-griffin-charitable-fund-donates-10m-to-expand-success-academy-middle-schools-across-new-york-city/) + +\-------------------------------------------------------------------------------------------------------------------------- + +I think you get the Point Apes Right? + +This is NOT an exhaustive list. They are ALL at it. THE LIST GOES ON. + +And RIGHT NOW... I am only looking at education. + +Not AMIND the fucking donations to political parties (On both sides) that support charter schools. + +**So WHY are they doing it?** + +Is it to crush the Unions? + +Is it to avoid taxes? + +Is it Politics related? + +Is it **OUT OF THE GOODWILL OF THEIR HEARTS???** + +Is it a combination of everything? + +\--------------------------------------------------------------------------------------------------------------------------- + +At this point in my journey down this dark, never-ending cave of Doom and Eternity!!! + +I think back to our friend... MIKEY "MILKY" MILKEN + +&#x200B; + +https://preview.redd.it/jnooagsygg571.png?width=695&format=png&auto=webp&s=07845b9c4a74d2aa726667557612213a03996135 + +(Image added, because I know you guys love them) + +Didn't that 1 article say he **FOUND A WAY TO PROFIT FROM PUBLIC SCHOOLS????** + +**(ARE YOU READY FOR THAT BOMB I PROMISED?)** + +I started digging... + +That's when I came across an article in Forbes on THIS VERY TOPIC... + +An article with Credible sources, an actual research paper... and what MAY BE THE TRUTH. + +(Up to you to decide) + +**IT IS POSSIBLE TO PROFIT, EVEN FROM A NON-PROFIT, CHARTER SCHOOL** + +Of course it fucking is... + +The rich know how to get richer. That's a language they speak. + +And it's even better, when the methods grant you perks, like Tax Haven's and public perception. + +**WONDERING HOW BILLIONAIRES MAKE MONEY FROM CHARTER SCHOOLS?** + +This research on [Colorado.edu](https://Colorado.edu), highlights 4 major concerns. + +1. A substantial share of public expenditure intended for the delivery of direct educational services to children is being extracted inadvertently or intentionally for personal or business financial gain, creating substantial inefficiencies; +2. Public assets are being unnecessarily transferred to private hands, at public expense, risking the future provision of “public” education; +3. Charter school operators are growing highly endogenous, self-serving private entities built on funds derived from lucrative management fees and rent extraction which further compromise the future provision of “public” education; and +4. Current disclosure requirements make it unlikely that any related legal violations, ethical concerns, or merely bad policies and practices are not realized until clever investigative reporting, whistleblowers or litigation brings them to light.  + +SOURCE: [https://nepc.colorado.edu/publication/charter-revenue](https://nepc.colorado.edu/publication/charter-revenue) + +\-- I haven't gone through it all, as it's 56 pages long and I have other fish to fry, but it seems legit. IMO. + +The Forbes article is a great read and I recommend everyone do so: + +[https://www.forbes.com/sites/petergreene/2018/08/13/how-to-profit-from-your-non-profit-charter-school/?sh=6f7583ac3354](https://www.forbes.com/sites/petergreene/2018/08/13/how-to-profit-from-your-non-profit-charter-school/?sh=6f7583ac3354) + +The sources on here are great rabbit holes too. + +The main methods listed here to profit from these schools are Real Estate and Management Companies. + +Furthering this is an article in the WALL STREET JOURNAL about Real Estate Businesses investing HEAVILY in Charter schools. + +If there were no financial benefits... how would this make sense? + +SOURCE: [https://www.wsj.com/articles/charter-school-movement-growsfor-real-estate-investors-1444750383](https://www.wsj.com/articles/charter-school-movement-growsfor-real-estate-investors-1444750383) + +And... + +Here's another article in the Pittsburgh Post-Gazette talking about how Charter Schools are pulling money from the Public School System and being paid to Charter School Landlords + +[https://www.post-gazette.com/news/education/2016/08/03/Charter-school-payments-draw-scrutiny-from-Pennsylvania-auditor-general-Eugene-DePasquale/stories/201608030189](https://www.post-gazette.com/news/education/2016/08/03/Charter-school-payments-draw-scrutiny-from-Pennsylvania-auditor-general-Eugene-DePasquale/stories/201608030189) + +\-------------------------------------------------------------------------------------------------------------------------------- + +Apes there's tons of this... + +SEAS of information about the top 1% pumping money into Charters + +This is just the TIP OF THE ICE-BERG + +But back to the main focus of this post. + +This is further evidence of the **Billionaires Boys Club**... + +What you believe in turns of the reason for this, is completely up to you... + +But it is Public Information about how much focus these schools are getting from people at that top and they are all connected in some shape or form... + +\------------------------------------------------------------------------------------------------------------------------- + +If they all collaborate on Philantrapy this much when it's theoretically legal... how close are they communicating about things they are NOT ALLOWED TO? + +**DISCLAIMER:** + +Again... this post is just about me researching the reasons behind certain questions and documenting the public information available to me on these topics. + +No claims are made against anyone referred to in this article and anyone passing judgment on this is doing so of their own opinion. + +\------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +STAY TUNED FOR BILLIONAIRE'S BOYS CLUB PART 5 + +It's not over... + +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +&#x200B; + +**LET ME KNOW WHAT YOU THINK OF THIS SERIES - YOUR FEEDBACK GOES ALONG WAY!** + +&#x200B; + +EDIT 1: Hmmm.... + +&#x200B; + +https://preview.redd.it/yhkv20gfoh571.png?width=987&format=png&auto=webp&s=e401a06028e9d7170e644f5472f5eea0fdaa4ff9 + +&#x200B; + +https://preview.redd.it/bi9g3zqhoh571.png?width=600&format=png&auto=webp&s=58d1f4c8b170bf4958b63e1a4b17b9e265b55823 + +&#x200B; +About me: +Wade D. Pfau, Ph.D., CFA, is a Professor of Retirement Income in the Ph.D. program for Financial and Retirement Planning at The American College in Bryn Mawr, PA. He also serves as a Principal and Director for McLean Asset Management. He holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals on topics related to retirement income. He hosts the Retirement Researcher website, and is a contributor to Forbes, Advisor Perspectives, Journal of Financial Planning, and an Expert Panelist for the Wall Street Journal. He is the author of the books, How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies (http://amzn.to/2xLgXGC), and Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement (http://amzn.to/2bYhFF5). +I’ve been working at the company for a little over a year. I moved to a different city and my manager asked me to work remote. It’s been three months of remote working and my manager is getting flack and told me the company wants me to become 1099. + +I’ll be losing overtime rate, 30days pto/paid holidays and lose all medical/dental/eye/life/long term disability insurance. + +I’m thinking about asking 1.5x my current hourly rate to offset all the lost benefits and lost overtime rate. + +If they do not agree to my 1099 rate and let me go, can I collect unemployment, in Texas? + +All my manager said is I’m remote and some people do not like the idea. He even said if I left they would be screwed because no one else is doing my job and he hasn’t been able to find someone competent enough to do what I do. It’ll take him over three months to train someone full time and it took me only one day of training. + +I will have to purchase over $3,000 of equipment and software if I go 1099 because I read you’re suppose to use your own equipment and not the company’s stuff. Will I run into any issues if I got switch to 1099? + +Is 1.5x my current hourly a good rate to ask for? +&#x200B; + +https://preview.redd.it/wexaa7ggbkk51.jpg?width=500&format=pjpg&auto=webp&s=19dfd26e6d017fb8de2f41b157661459a1f2a244 + +**Strategy** + +I've been selling weekly ITM CC's, usually for stocks with upcoming earnings. I'll usually max out my margin to be able to sell 3-4 calls, and aim to get a premium equal to \~2-4% of the collateral I put down. Also, I usually sell calls that are \~5-8% ITM. I've found that even though selling ITM options limits the upside potential, it's much better for my anxiety, since I know I can withstand a heavy drop (\~8-13%) and still break even. + +**Current Positions** + +* **ZM** 285cc 9/4: Bought at $300.98, premium was $27.5 --> Max Profit $1152 +* **CRWD** 110cc 9/4: Bought at $118.31, premium was $11.30 --> Max Profit $299 +* **DOCU** 202.5cc 9/4: Bought at $216.97, premium was $20.80 --> Max Profit $633 +* **CIEN** 55.5cc 9/4: Bought at $57.78, premium was $3.70 --> Max Profit $142 (sold 2 of these) + +This week I missed out on about $12k in gains from my 100 shares of ZM, but it's worth it to get those steady premiums. + +**Screenshots** + +[Underlying Shares](https://preview.redd.it/o1xuhvftbkk51.jpg?width=400&format=pjpg&auto=webp&s=6a2f0e3584026cf2a70187ab2f5a0388b00f0258) + +[Covered Calls](https://preview.redd.it/7c76cdcvbkk51.jpg?width=400&format=pjpg&auto=webp&s=3d86d81c1b7f0c24fcf76442242e0751453c78ba) +[https://docs.google.com/spreadsheets/d/1TUJDmUAc8SlJfrIZS\_7YmWzkRr15GBo9k3ekHjPIlS8/edit#gid=1667553059](https://docs.google.com/spreadsheets/d/1TUJDmUAc8SlJfrIZS_7YmWzkRr15GBo9k3ekHjPIlS8/edit#gid=1667553059) + +So far a good week for me and I am up $446 this week / up $878 all time. Opinions and discussion appreciated. + +Last week's post: + +[https://www.reddit.com/r/thetagang/comments/izr571/option\_wheel\_with\_25k\_challenge\_week2\_summary/](https://www.reddit.com/r/thetagang/comments/izr571/option_wheel_with_25k_challenge_week2_summary/) +Hi all, + +Not that exciting to most of you, but yesterday I watched while my very first credit spread expired worthless :) Awesome feeling! + +Edit: I should have probably closed my position, but it was very far otm +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +# I recently came across a post on this subreddit where the author was asking "Is TSLA IV suspiciously low before Q1 ER"? + +I took a look at the numbers for him and while it appears to be low on the surface, it is actually not. Let me explain. + +If we just look at the implied volatility for TSLA, we see this that it is low compared to the past. Infact, if we plot the Vol Cone for TSLA, we see that we are way below the level of volatility we would typically see for the stock. + +[https://imgur.com/m6R4ZWt](https://imgur.com/m6R4ZWt) + +You can see that we are basically at the lowest volatility across the chain. (I am happy to answer questions about the volatility cone if it is not clear how it works). + +# Now the important question to ask is this: + +# why is the implied volatility "low", and does this mean options are cheap going into earnings? + +The reason volatility appears low is because we have just come out of an extremely high volatility environment. Think about it like this: + +"We just got off the highway, and now we are driving on a normal road. It feels like we are going slow, even though we are actually at a normal speed. It feels slow because a moment ago we were going much quicker". + +Under normal circumstances, VIX at 17 is still high. Remember, VIX was at 12 prior to covid. + +SO! IV is just looking low *relative* to the craziness of the last year. + +# "So what about the earnings? Shouldn't I still buy options here?" + +You always can. But the question is, are the options a good price? Here's what we need to do to find out. + +The options have exposure to more than just the earnings. It has exposure to market volatility, non event volatility, and event volatility. + +The cool thing is that the market implies a move around earnings in the options. We can actually isolate this and know what the market is saying. + +So the real question to ask if we want to buy options to bet on an earnings event is this: + +Do we think the market implied move is low or high? + +Here's some numbers for TSLA. + +[https://imgur.com/TgKgCSP](https://imgur.com/TgKgCSP) + +As you can see, **even though the IV looks low, it's implying a bigger move than what it realizes, and only slightly less than what it implies on average!** + +# So the options actually look a bit expensive, not cheap. + +Especially as you dig deeper (perhaps ill save this for another post) + +I hope this post has made it clear that looks can be deceiving right now. This current IV environment is a bit of a catfish haha. +I'm trying to find ways to play this GME hype carefully. Therefore, I've jumped in on GME yesterday and looking for more ways to play this bad boy. I came across selling way ITM puts and have question about what that can imply. + +Anyways, will selling GME 200P 29 JAN 2021 that goes for $75 force MMs or whatever to sell me GME shares at $200 making the underlying rise closer to $200? And because I'm selling, I get premiums and reduce my cost basis to $125. Is this like a win on both ends? Underlying goes higher while I reduce my cost basis? + +EDIT: Thanks to everyone who answered my questions below! This is a great community :) + +For those who are asking/don't know: + +Max loss is $12,500. This put can get assigned at any time when the buyer exercises. If it's not exercised it can either 1) it expires ITM and I'm forced to buy at $200/share 2) it expires OTM, I collect $7.5k in premium. If it expires ITM, I can sell the shares once I get assigned (remember breakeven is $125). You can also buy to sell to lock in profits as the underlying approaches strike. +Edit: "executive chairman" not CEO... + +You've probably read this: [https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola](https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola) + +But if you haven't, the inevitable appears to be happening. IV is skyrocketing on this as the stock tanks premarket, but be friggin careful lads. Hard to borrow fees on this monster were like 600% earlier in the summer so don't get caught on the short side of calls if it climbs back up. + +I'm probably going to sell far otm call credit spreads or even like $5 strike puts at this point. Is it going to tank to nothingness? Probably, but that doesn't happen instantly. Could zig-zag quite a bit until then. + +All I know is, the Oct16 IV is like 220% and I like that. +Theta Gang, I see quite a few of the generic “What stocks should I wheel” posts, and thought I would maybe give some insight and opinion on how I answer this question for myself by sharing my strategy. I am traditionally an investor from the Charlie Munger school of thought. By that, I mean, “buy great companies at fair prices.” From my personal investing journey, I have learned how to incorporate the Theta Gang “Wheel” to this frame of thought with a result that I am very happy with. Prior to adding options to my investing strategy, I would establish a target price for which I would like to buy a stock at, and wait for an opportunity to present itself. Now, since adding options to my strategy, I sell puts at the desired price, essentially getting paid to be patient as I wait for the price to fall in line with my target buy price. Something that is key to this, like many have said in the past, you have to do this with stocks that you want to own. I, personally, only do this on stocks that I would like to own forever. Don’t just look at the premium yield, but really give some thought to what companies you would like to own. That is what truly separates an investor from a gambler. Personally, I feel a sense of pride knowing that I am a part owner in companies that I respect and follow. This really enhances the enjoyment I get from this hobby. Once I have acquired the stock through my puts being exercised, to continue the wheel, I begin to sell calls against the stock. My goal isn’t to get the stock called away though. Like I said earlier, I only buy stock that I would like to hold forever, but I do sell covered calls to keep the cash flow coming. When deciding on the strike to sell the call at, I attempt to sell at a price that I feel will the stock will not reach within the timeframe of the call. The goal, simply, to keep the stock, while also keeping the cash flowing into my account. I know that this is mainly just a rehashing of the Wheel strategy, but I hope that giving my thoughts on how I approach it will help others in finding their own stocks to wheel, rather than just depending on others suggestions, or premium yield to dictate their investment decisions. + +&#x200B; + +I’ll provide some examples of some stocks I’m looking at and what my theoretical put and call strikes would be. I typically sell options 30-60 DTE, with the average falling in the 40-50 DTE range. I do not ever hold options that cover the quarterly earnings release / call period, as those can be very unpredictable. Note with the put and call strikes, if the market will not fill an order at my desired strike, I will not sell the opinion on that particular stock. The lowest premium I am willing to accept per contract is $0.20 per share. This is simply a personal preference. Thank you for reading my post, I hope this helps some of you, and thanks for having me as a member of the Theta Gang. Happy theta everyone. + +&#x200B; + +AAPL, Apple Inc , 65.00p, 125.00c + +BDX, Becton Dickinson and Co, 177.00p, 250.00c + +CL, Colgate-Palmolive Co, 71.00p, 81.00c + +CLX, Clorox Co, 149.00p, 233.00c + +EMR, Emerson Electric Co, 63.00p, 74.00c + +HRL, Hormel Foods Corp, 47.00p, 54.00c + +KMB, Kimberly-Clark Corp, 144.00p, 160.00c + +LOW, Lowe's Companies Inc, 150.00p, 177.00c + +MMM, 3M Co, 159.00p, 186.00c + +SWK, Stanley Black & Decker Inc, 128.00p, 170.00c + +SYY, Sysco Corp, 61.00p, 69.00c + +TGT, Target Corp, 138.00p, 164.00c + + +EDIT: Thanks for the rewards everyone. I am happy that I was able to help anyone that gained something from my post. +Edit: "executive chairman" not CEO... + +You've probably read this: [https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola](https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola) + +But if you haven't, the inevitable appears to be happening. IV is skyrocketing on this as the stock tanks premarket, but be friggin careful lads. Hard to borrow fees on this monster were like 600% earlier in the summer so don't get caught on the short side of calls if it climbs back up. + +I'm probably going to sell far otm call credit spreads or even like $5 strike puts at this point. Is it going to tank to nothingness? Probably, but that doesn't happen instantly. Could zig-zag quite a bit until then. + +All I know is, the Oct16 IV is like 220% and I like that. +I'm trying to find ways to play this GME hype carefully. Therefore, I've jumped in on GME yesterday and looking for more ways to play this bad boy. I came across selling way ITM puts and have question about what that can imply. + +Anyways, will selling GME 200P 29 JAN 2021 that goes for $75 force MMs or whatever to sell me GME shares at $200 making the underlying rise closer to $200? And because I'm selling, I get premiums and reduce my cost basis to $125. Is this like a win on both ends? Underlying goes higher while I reduce my cost basis? + +EDIT: Thanks to everyone who answered my questions below! This is a great community :) + +For those who are asking/don't know: + +Max loss is $12,500. This put can get assigned at any time when the buyer exercises. If it's not exercised it can either 1) it expires ITM and I'm forced to buy at $200/share 2) it expires OTM, I collect $7.5k in premium. If it expires ITM, I can sell the shares once I get assigned (remember breakeven is $125). You can also buy to sell to lock in profits as the underlying approaches strike. +Listening to NPR's Planet Money, they seem to have a thesis that prices are high because everything is stuck on a boat. My local gravel quarry has raised their price for a load of gravel, a commodity I need for my rural driveway, from $280 to $300, and November 1 it goes up another 10%. As I told the delivery driver yesterday, "I'm pretty sure none of that gravel is stuck on a boat somewhere." My local utility, Ameren, is asking the public utility commission for an 11% raise in rates. I'm pretty sure none of that electricity is stuck on a boat somewhere. Social Security has pegged CPI inflation at 6%, but apparently the CPI doesn't buy wire, lumber, copper pipe, steel tubing, nails, paint, furnaces, or anything else you use to fix a house, all of that stuff is through the roof. + +It seems we are entering a period of inflation, whether short or long term remains to be seen. What are some wise financial behaviors in a period of inflation? Should you pay off a mortgage or pay it later? Make large purchases or put them off? What kinds of investments do well in inflationary periods? How should someone on a fixed income behave financially? What industries tend to thrive, or suffer? +As the title states, I am not a troll and this is something that has been bothering me ever since I started trading(Stock market) 2 years ago.. + +I started trading in the beginning of 2019 and right from the start I noticed anytime I throw a bunch of money into the market, as soon as I hit that buy button, I would get an erection... + +Now stop right there because I already know 99% of people here are going to throw this post in the trolling category but the crazy thing is... It's totally true.. I got a massive sexual high off of losing money(or at least having the risk of losing money).. I would find my hand slowly gravitating down towards my pocket where It would slide in and start jerking my penis off ever so slightly. I could not help myself... I would do this at work since we are separated in cubicles I did not have to worry about anyone interrupting me. After covid hit, we got to work remotely and it jumped up tenfold, I would find my self jerking off upwards of 7 times a day as I watched my brokerage account slowly go into the red while holding massively leveraged positions. My money finally ran out back in August and my relationship with my girlfriend has been severely diminished since I never had any energy left at the end of the day for romance or conversation for that matter... She would constantly accuse me of cheating but I could not even reveal the news to her since it would probably damage our relationship permanently. NOW.. Not only do I not get hard with her(unless I'm drunk) I have to visualize myself using 4 times margin on some flimsy pennystock in order to get that rush my body has been conditioned with these past 2 years..I haven't thought about using viagra since I don't want it to take pills especially since I'm not quite 30 yet + +Overall I lost my life savings in the matter of a year and a half (80k), I have nothing left and feel incredibly depressed. I would like to see a psychiatrist but the fact that I have to divulge this incredibly embarrassing information, stops me from it.. So here I am on a throwaway account so you guys can make fun of me openly. + +TLDR: I have cum many times to the excitement I get from putting my money in the market and it resulted in my ultimate bankruptcy + +EDIT: my portfolios performance was a complete inverse of what my penis looked like + +EDIT2: To the people mentioning /r/Wallstreetbets I originally posted it there but gay mods took it down. +Observe the interesting pattern + +the cc subreddit: + +https://preview.redd.it/hzhtrdnc8gd81.png?width=889&format=png&auto=webp&s=43e44b80b3dd78da8543e932802c1b8d61b27797 + +&#x200B; + +https://preview.redd.it/2zgd96ff8gd81.png?width=920&format=png&auto=webp&s=5e9f9b8123d90ea59037abdb182a08f1b1042ef4 + +the ethtrader subreddit: + +&#x200B; + +https://preview.redd.it/dmpqys489gd81.png?width=881&format=png&auto=webp&s=0d9b7b55a97b3098a51fb171716e98013969ba00 + +&#x200B; + +https://preview.redd.it/25ogv1299gd81.png?width=892&format=png&auto=webp&s=edd04c61bfad49ef91ccf77f4b0a9ef553b0e8f8 + +cardano subreddit: + +https://preview.redd.it/cluerduj9gd81.png?width=888&format=png&auto=webp&s=fdc34a92355b13b5df9e4004086df36fcbac5603 + +&#x200B; + +https://preview.redd.it/d7g9aybm9gd81.png?width=897&format=png&auto=webp&s=60b4857f05b4ca053926d1ca0c840ac299f474b2 + +the stats are via subredditstats and it shows that there is a constant decline in activity around crypto. When we combine this fact combined with the upcoming rate hikes, an upcoming russian invasion in ukraine and beyond and omicron and other variants of covid causing even more mischief and forcing additional lockdowns troughout 2022, I believe that there is a possibility of a crypto winter🤔. +I'm an Indian working in the IT industry in US client facing roles for the last 5 years after graduating as an ECE engineer in India. Currently, I'd like to pursue my masters in Australia and then settle there. + +As a person with no 'local experience', which one is worth more in terms of employment, a MBA or a specialized business degree like Business Analytics or Marketing? + +Also, does the uni chosen matters a lot in terms of post-studies employment? + + +Hello fellow Apes! This is my first attempt at some DD, and is in essence more just me sharing my findings in the hope that a more wrinkled brain than mine can make some sense of it. As usual, this is not financial advice, this is just data I have observed from Yahoo finance - and anyone can go and check this for themselves if they want. **Warning: lots of numbers, not any pictures, I apologise.** + +**Preface: Hello everyone, if you’re like me, you’ll likely be worrying that your volume is too small. You’ll be sitting up at night wishing to God to make your volume a little bit bigger so you can satisfy your wife’s boyfriend as much as he deserves. Well I am here to tell you that your volume looks even weirder than it is small!** + +***TA:DR at the end*** + +&#x200B; + +**Part 1: We are very special and unique and that’s okay** + +While watching the daily volume chart throughout today, I was struck by how many minutes we experienced less than 1000 volume. More than 10 separate minutes today traded with volumes in the hundreds, and yet we closed out with a similar volume to the last 2 days, a little higher in fact. This got me wondering “there must be some real girthy crayons to average this out”, so I sat down to look at today’s chart. I instantly spotted that throughout the day, there were around 15 big, thicc green and red crayons scattered amongst the other pathetic wimpy green and red crayons. I quickly realised that each of these markers actually represented more than 1% of the entire day’s volume, being traded in just 1 minute. For reference, there are 390 minutes in the trading day, so each should have an **average** of 0.256% of the day’s volume. + +On a hunch, I checked some boomer stocks and the sibling stock who-must-not-be-named, and I found I was correct - there are **far more 1%+ candles per day in GME than in those other stocks.** + +So I decided to work out the numbers properly, and post my first DD. Hopefully someone out there can work out why this is happening, and maybe the frequency of these big candles can be used to work out why large volumes are trading at certain times. + +To determine which candles to focus on, I decided to concentrate on candles representing more than 1% of the daily volume, and also 20% under that 1% value as - without looking a little below 1%, there just was not enough data from any of the stocks I looked at - other than GME. + +So for this DD, I will be referring to these candles as **Significant ticks,** dividing them as such: + +**Candles with volume >1% of total daily volume will be referred to as “Majorly Significant Ticks”** + +And + +**Candles with volume between 0.8% and 1% of total daily volume will be referred to as “Minorly Significant Ticks”.** + +So, as I mentioned previously, boomer stocks have VERY few Majorly Significant ticks during the day. I started looking deeper and found that for these stocks, those big boi candles almost only ever happen within 10 minutes of market open/close. I checked the fruit stock and that other large tech one that isn’t big or hard - and found that per day, they have an average this week of 0-2 Significant Ticks outwith 10 minutes of market open and close. So, between 9:40 and 15:49, only around 0-2 of their 370 minutes have significant volume. + +The movie stock has an average this week of 8 Significant Ticks per day, + +We, my dear apes, have this week an **average of 19.75 Significant Ticks per day.** + +What’s more, the main difference between us and them is how many of our Ticks **occur outwith 10 minutes of market open and close.** Even with the movie stock, their significant ticks during the middle of the day is at an average of 5, so 37.5% of their significant ticks happen in the first or last 10 minutes of the market being open. I am delighted to inform you that we have an average of **13.75** significant ticks between 9:40 and 15:49. I’m sure even the smoothest-brained apes out there can see that 13.75 is bigger than both the movie stock's 5, and the boomer stocks' 0-2. + +**Part 2: So just how much volume is in these fat, juicy candles** + +Here is where we, unfortunately, get to the numbers part. I have spent the last 3 hours going minute by minute through the last 4 days of GME’s trading to get these statistics, so you’d all better be grateful or I’m telling RC on you. + +If anyone wants the raw data I have put together to look at themselves, or to turn into fancy graphs and charts for visual learners (I’m not skilled enough in IT, nor do I care enough at 2am to give it a shot myself) then please DM me and I’ll happily send you screenshots: warning, it’s an absolute mess that likely only makes sense to my autistic brain, but you’re welcome to look. + +I have only collected data from the 4 days this week, I plan to do the same again tomorrow and post an update. I will likely continue doing this if the trend continues. + +I originally believed the 28th of June would have been an outlier as it had almost double the volume of each of the past 3 days, but to my surprise it fits in well. + +***DATA FROM YAHOO FINANCE*** + +&#x200B; + +|Day|28/6|29/6|30/6|1/7| +|:-|:-|:-|:-|:-| +|Volume| 4,879,400 | 2,461,139 | 2,510,183 | 2,690,299 | +|Major Significant Ticks (>1%)|15|8|13|14| +|Minor Significant Ticks (0.8%-1%)|6|11|6|6| +|Significant Ticks Outwith 10 mins Open/Close|14|10|16|15| +|Total Volume of Maj. Sig. Ticks| 1,225,075 | 368,476| 516,280 | 505,728 | +|Total Volume of Maj. Sig. Ticks as % of daily total|25.1% of daily volume, 3.8% of minutes |15.0% of daily volume, 2% of minutes|20.1% of daily volume, 3.3% of minutes|18.8% of daily volume, 3.6% of minutes| +|Total Volume of ALL Sig. Ticks| 1,478,514| 607,362 | 655,966 |649,020| +|Total Volume of ALL Sig. Ticks as % of daily total|30.0% of daily volume, 5.4% of minutes|24.7% of daily volume, 4.9% of minutes|26.1% of daily volume, 4.9% of minutes|24.0% of daily volume 5.1% of minutes| + +***This chart as sexy 4-day averages:*** + + **4 day average volume of Majorly Significant ticks as % of total daily volume** + % of ticks (out of 390 minutes in trading day) - **3.175%** + % of daily volume - **19.75%** + + **4 day average volume of all Significant ticks as % of total daily volume** + % of ticks (out of 390 minutes in trading day) - **5.075%** + % of daily volume - **26.2%** + + **4 day average Majorly significant ticks - 12.5** + +**4 day average Minorly significant ticks - 7.25** + +**4 day average significant ticks outwith 10 min of open/close - 13.75** + +&#x200B; + +***TA:DR -*** GME has more 1-minute candles per day exceeding 1% of total daily volume than any of the other stocks I checked, by 200%-1900%. This week, we have had **an average of 19.75 of these candles per day, accounting for 5.075% of the day's 1 minute-candles, but delivering 26.2% of the day's volume.** Now obviously, GME is the target of large players who will be causing these volume spikes - these statistics serve to show the level at which GME is different from other stocks, and maybe give other people who are smarter than I am some data to play around with. + +As I said at the start, if you'd like the rest of the raw data including when each of the Significant ticks happened and how much volume they contained for making new DD with, DM me and I'd be happy to share. + +See you on the moon. + + +Hello fellow Apes! This is my first attempt at some DD, and is in essence more just me sharing my findings in the hope that a more wrinkled brain than mine can make some sense of it. As usual, this is not financial advice, this is just data I have observed from Yahoo finance - and anyone can go and check this for themselves if they want. **Warning: lots of numbers, not any pictures, I apologise.** + +**Preface: Hello everyone, if you’re like me, you’ll likely be worrying that your volume is too small. You’ll be sitting up at night wishing to God to make your volume a little bit bigger so you can satisfy your wife’s boyfriend as much as he deserves. Well I am here to tell you that your volume looks even weirder than it is small!** + +***TA:DR at the end***