diff --git "a/reddit_finance_43_250k_323.txt" "b/reddit_finance_43_250k_323.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_323.txt" @@ -0,0 +1,10000 @@ +> NO PUBLIC RECORD MATCH + +>We could not match your information to our public record providers. To complete the verification process, you must apply for an enhanced account. + +So when I click on the green 'Upgrade to Enhanced' button, it takes me to this [page](https://imgur.com/9HJjwvm). + +> Your application for an enhanced account has been approved +> +Your documents have been verified. + +So then when I click on the Summery tab to the left, it takes me to this [page](https://imgur.com/KXBPgwK) + +>ACCOUNT TYPE ENHANCED + +I don't understand what happened or when this change occurred: + +* I've supplied all the necessary documents. + +* I live in a state that complies with their TOS. + +* I use 2FA. + + +I opened a support ticket 11 days ago, and hadn't tried withdrawing funds at the time. When I attempted to move some tokens off tonight, I was limited to withdrawing 0.00247BTC equivalent because of an unverified account. + +I hope this post stirs up enough conversation to get some attention from Bittrex, because I am definitely not getting their attention with my support ticket. Now that my trading stack is locked up on Bittrex with no answer on how I can get it off, they are quickly losing a customer that refers many people to their platform. + +If anyone has insights into getting their attention that would be awesome. + +And for any of you new folks entering the crypto space, take this as a cautionary tale of "If you don't solely hold your private keys, then you don't hold them at all", aka - don't leave money on exchanges. I only had a small part of my trading stack on Bittrex, but it's still money I'd prefer not lose. + +Thanks Bittrex! +I am 30 years old, opened my first credit card in 2010, and my debt has ballooned to over 10k. my debt is spread out over 5 credit cards that have an average rate of 21%, with the total monthly minimum payment pushing upwards of $300. + +I make under 25k a year, and I have been unable to move these cards down from their maximum limit even though they have been maxxed out for years at this point with me only making minimum payments. + +This month I simply cannot make my payments, I'm overwhelmed and my family is advising me to just let the cards go to collections. + +What are my options? File for Bankruptcy? I've heard the credit companies could sue me, do I need a lawyer? + + + +edit: I realize this thread got way more attention than I expected, but please read the other replies before adding yet another comment that says "did you try a balance transfer or a loan?" yes. yes I did try that. +Let’s take a step back for a second. + +Why would the hedgies or shitadel be tanking the price after such good news lately? What is their logical objective here? + +It’s not for us. I think it’s apparent that at this point, no one that gets their confirmation bias from superstonk or *insert subreddit here* is selling. Diamond hands are as strong as ever. So why the hell do they continue to tank the price? + +It’s for the other institutional or retail investor that aren’t aware of the shit show that is going on. Think about it - GME makes awesome news: getting rid of their debt, expanding business, new fulfillment center. Those are fantastic news that any retail investor wants to see. So what happens when normal folks try to invest? They see the value literally tank right after so the FUD gets to them and are probably like “well, I guess they aren’t doing as good as they say” and move on. + +Same with big institutional investors. + +Truth be told, this can only go for so long until the market and FOMO starts to kick in and see how GameStop is turning their business around. + +Tick tock. +Nobody likes a bear market but if you've been in teh game long enough you'll know that this is when the money is made, and that means watching the market closer then ever to find the gems. In the past, I've shared how I've [built a futureproof portfolio](https://www.reddit.com/r/CryptoMarkets/comments/7mzpea/top_crypto_picks_for_2018_building_a_futureproof) so I thought i'd share what I'm moving around this week, especially with this dip. + +**Thanks to everyone who has shared in previous threads** No week in crypto is ever the same and even in this bear market now is the time to be stocking on the future-proof coins! Our sticking together as a community and weeding out the shitcoins helps both the reddit hivemind and individual investors. + +**My methodology** + + * If you've read any of my posts before, you would know I follow a strict methodology because investing in a coin. If you're starting out and want to learn more about what makes a good project, [check out this post](https://www.reddit.com/r/CryptoMarkets/comments/7mzpea/top_crypto_picks_for_2018_building_a_futureproof). + +But most importantly the golden rule: + + * **Never chase pumps and hold the dips** - All coins will experience ups and downs, but if you invest in solid tech you've built on a strong foundation. Time in the market is more important then timing the market + +**Foundation picks** + +These are my blue-chip shares: the projects I believe have proved themself worthy of the long hold. They will hold (relative) value through dips but still have the potential to increase exponentially with adoption. You'll notice most of them are platforms, not specific projects. Most of my reasoning behind this is because while singular projects may multiple in value, platforms will increase in value exponentialy. See my previous posts for reasonings behind these picks + + * **[Ethereum](http://wcibtc.com/ethereum)** + + * **[IOTA](http://wcibtc.com/iota)** + + * **[Neo](http://wcibtc.com/neo)** + + * **[Monero](http://wcibtc.com/xmr)** + + * **[Stellar](http://wcibtc.com/xlm)** + + * **[Request Network](http://wcibtc.com/req)** + + * **[Factom](http://wcibtc.com/factom)** + + * **[Vechain - New](http://wcibtc.com/ven)** - VeChain is the first project in months to be promoted to my core picks. With their appointment of billionaire investor Jim Breyer and global partnership with transport giant DNV GL, not to mention one of the worlds largest tobacco manufacturers which is backed by the Chinese governemnt. Vechain's core target is eliminating counterfieting through integrated RFID and blockchain technology, but they have since announced they plan on expanding their scope to a full range of blockchain solutions. I have VEN pegged as 2018 Ethereum, and I don't say that lightly! + +**Trading picks** + +Busy couple of weeks as I've been on the road for work but the coins i've been actively trading through the week have been: + + * **[OmiseGo](http://wcibtc.com/omg)** - OMG's mainnet launch is growing very close and it has seen very little price movement. I'd be surprised if we didn't see some more the hype and FOMO that OmiseGo saw in late 2017. Built by SE Asia financial tech company Omise, OmiseGo is the blockchain project which will process all their transaction data with their mainnet launch. OMG token holders will be rewarded dividends from all transaction going through the blockchain. + + * **[SelfKey](http://wcibtc.com/selfkey)** - SelfKey is a Blockchain based digital identity system that allows individuals and companies to own, control and manage their digital identity. Fantastic use-case, definitely one of the better usecases for blockchain technology I have seen. It just finished its ICO and is building well towards being a solid platform. + + * **[UTrust](http://wcibtc.com/utrust)** - Payment platform system with the world's first inbuilt cryptocurrency consumer protections. Haven't heard much from the devs in the last week and it has been bleeding slowly and never recovered. I don't hold many at the moment but definitely worth keeping an eye on. + + * **[Nebulas](http://wcibtc.com/nebulas-token)** - Nebulas is an open-source multi-data-type search engine for everything blockchain. NAS has a live testnet now with Mainnet launching in Q1 2018. NAS has a fantastic high-profile team with devs from both Google, MIT and more. Excited to see where this token goes! + + + * **[Binance Coin](http://wcibtc.com/binance-coin)** - Number one altcoin exchange both in volume and users. BNB token is used for reducing fees and trading pairs. If you are a Binance user, don't forget to get some BNB and check the "Use BNB" on your account page to to halve your fees. + + * **[Po.et](http://wcibtc.com/poet)** - Po.et is a shared, universal ledger designed to track ownership and attribution for the world's digital creative assets. It will be a way for content creators to verify that their work is their own as well as a datestamp of this creation date. There are already other projects with similar concepts, but po.ets execution seems quite well done so far. Worth keeping an eye on. + + * **[Horizon State Decision Token](http://wcibtc.com/decision-token)** - I've talked about Decision Token in the past and this last week it has caught my eye again. Horizon State has built a token-based blockchain voting and decision-making platform for securing and verfiying election and polling results. It boasts a secure digital ballot box that cannot be hacked, results cannot be tamperewd with and voter identities are protected. More exciting is HS's partnership with the United Nations Intergovernmental Organisation to use their MiVote platform. + + * **[Chainlink](http://wcibtc.com/chainlink)** - I almost feel bad every time I end up adding stinky link back into my portfolio but it is just so damn attractive. No matter how popular smart contracts or blockchain tech gets, it will never acheive real-world usage without the ability to connect to external services. Enter Chainlink. Chainlink will provide decentralized oracles which connect crypto and the real world. Chainlink is already working with SWIFT (global banking communication company) and has had companies such as AXA insurance, Sony and others. Check out their working testnet at https://create.smartcontract.com. + +**Looking forward to hearing what everyone else is trading this week!** +Is the jealousy all these fake, loud mouth crypto "stars" have for Vitalik. He's smarter than them, he's younger than them, he's a better person than them. And they HATE him. I'm not a fan boy.. but they are making it easy to look like one. Look at the kinds of statements and actions coming from all these losers. Barry Semendrinker, Greg Maxhomo, Voorhees, even failed LTC star Charlie Lee. All of them completely sold out and yet suddenly all claiming to be anarcho-capitalists fighting for the freedom of the little guy. haha. I've been in bitcoin since early 2013 and i've had it with these losers. Vitalik, just take my money.. with these other losers at the helm of bitcoin there is no hope. + +From the get go these other losers with no talent LATCHED on to an World Bank/IMF/Darpa created ghost and unknowingly helped deploy it and turn it into a more ironic joke than it was designed to be. Vitalik is the only one of them that had a truly original and free idea.. free from the fabricated Satoshi fairytale. From the get go his vision was simple and focused on innovation rather than some false goal of world economic "liberation". + +Nothing has changed.. bitcoin refuses to grow up. Even r/buttcoin has grown bored of making fun of them. Failed "halvening".. now this. Fucking hell. +* 90% of tokens will fail; +* 9% won't make you any money, because the token isn't really necessary; +* The other 1% is worth talking about. + +Which tokens do you actually feel strongly about? + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +By simple technical analysis (which redditors seem to think is voodoo magic), you could have avoided taking loses and protected your gains. There is no telling how low ETH will continue to drop, no one really knows. The daily chart was screaming weakness and overextension, and the bull trap just a week earlier was a good exit if you missed the top. I made a thread some time ago calling out the further drop but it got shit on like usual. You better believe I took profits, and I will buy back when momentum has shifted but right now its looking rather dim in the short term based on the chart. + +All you rookie crypto traders need to take note and stop being so blind to whats in front of you. I expect a barrage of down votes but thats okay. ETH trader should change its name to ETHodler because there is no trading that takes place in here. +Reposting this to counter any weekend FUD. + +Something I learned in my 30-some-odd years on this planet: ***you can always count on people to protect their own interests***. + +  + +Every member of the board of Gamestop has many many more shares than I do, even as an XXXX holder. And for some, a majority of their compensation is in stock. No matter what happens, I can count on them to protect their own money. And in doing so, they protect my money. I have my life savings in this company, and I don't worry about it anymore. + +  + +On the flip side, look at another company like Twitter. We know from the recent buyout debacle that the Twitter board owns almost no stock in their company. If I were an investor in Twitter, why would I trust the board to do right by me? We can't afford to be so naive to think that they would look out for me out of the goodness of their hearts. + +  + +If they are still buying and holding, I'm still buying and holding. Also DRS! +This is a rant from an individual who considers himself an advisor and advocate for his clients. The first myth I would like to dispel is the idea that just because someone works for an RIA or is a fee only advisor they are not a salesman. + +Instead of looking for a FA, that is this or that, please just evaluate them on one criteria. Are they a salesman or are they there to advise you on your financial life. I know that this goes against the grain of everything you have heard but just keep reading. + +Just because you are working with an RIA or a fee only advisor you are not guaranteed impartiality. Sorry to burst your bubble but that is how life works. For example they will only sell you certain funds that pay a commission to the firm and the advisor. Oh.... you want to buy a vanguard index fund, nope not happening we have this A share fund and that is it. SEE LOOK!!!! we can only sell you certain funds and since they charge the same commission we are fulfilling our fiduciary relationship. THIS IS WHERE THE INDUSTRY IS GOING PEOPLE!!!! + +Ok. now you will say BUT if you just buy an S&P 500 index fund you will do better than most advisors and managers, follow Warren Buffet's advice. NO SHIT!! This is true and should be used by everyone. BUT guess what??? Most people are not smart enough or disciplined enough to do this. People hire advisors like me to keep them on track. To keep them grounded when the market turns bad. Mostly to keep them invested. Yes you heard me "to keep them invested." Your grandma or aunt that you want to take over the account and invest in VOO because you read on the inter-webs that it is the best thing since sliced bread. Guess what happens when the market drops 25%. She fucking sells out and does not buy back in for years. This is the reality of the situation. This is why most advisors will buy a growth moderate income fund or balanced fund, because guess what? Most people are OK with mediocre returns if they don't lose money in sharp declines. This is the real secret to the business. we work to keep people invested NOT make them the most money possible. + +* How do you select an advisor you ask. here is how. Ask FUCKING questions. +* Education: sociology major or English major, yeah fuck that guy +* Time in the industry: your cousin who cold called you, fuck him. +* AUM: this should be at least a few million if he is with an RIA, much more if a broker!!! +* Captive or independent: go independent all the way or get the shit "A share" funds. +* Ask them technical question. If they can not explain a PE ratio run or how a stock price is affected by a dividend then run. +* Ask for stock picks!!! No joke but don't buy them ( you will likely lose money). Because if they cant give you any analysis on a single stock why the fuck should you talk to this guy. They are a salesman nothing more. +* Don't buy shit from your CSR at the bank!!!! +* Will they work with your insert CPA, Lawyer, business partner? +* Speaking of that don't use your CPA or Lawyer as your FA. Conflict of interest. +* Beware of the old fuck who has 2 years experience but looks like he has 25 years in the industry. Usually overweight balding and wearing a J. Bank Suit from the buy one get three free line. +* Oh yeah the guy that seems to give zero fucks about you and your money. That is the one you want. Why??? because he does not need to sell you shit to pay his bills. He will give you advice based on your best interest not his. His car and mortgage are golden and do not depend on your $10,000 IRA to keep his BMW from the repo man. + +A few more things + +Whole Life insurance: FUCK WHOLE LIFE INSURANCE. This is the worst investment known to man. Buy term. Whole is a savings account with life insurance attached. + +Annuities: These get a bad rap but are great if you understand what you are buying. Most people do not. CD at 1% for 5 years or a fixed annuity at 2.4% for 3 years buy the fucking annuity. $200,000 in your MMA for the last 10 years thinking interest rates will go up. Buy an Index annuity for 7 years at a cap of 5%. Fuck you were not doing anything with the money anyway. See my point!!! + +Mutual funds: Just buy an index funds. There I said it. But really it is your best bet to make real money. If you can not deal with the ups and downs look to a no load fund from a reputable company with a fixed income component. + +Individual stock: The only way to beat the market. Also the quickest way to lose money. buyer beware. + +This rant is not geared to people who can invest for themselves. It is geared toward those that want to evaluate and Advisor without the sugar coating from someone in the industry. + +EDIT: Thank you to the persons who gave this post gold and silver. I thought when I made it that the post would be deleted before morning!!! I want to address a few things that people have asked the most and I will try to answer everyone's questions + +* Education: This pissed a lot of people off! I was not trying to say that if you are not an econ major you can't be an advisor. I was trying to give people a way of cutting out the BS of the industry. You need to understand how people are recruited. Many firms will take on about anyone who can breath and pass the series 7, then they put them in a room to do cold calls or go knock on doors asking for business. A great deal of the folks get jobs with the firm only to be exploited and to wash out of the industry. People with a business or econ background are more likely to work at reputable and legit firms that don't exploit you for your circle of friends or family. +* Fiduciary Standard: Everyone likes to make mention of this. Well.... what does this mean??? In the financial services industry it means that the advisor will not sell you one product over the other based on personal gain to the advisor. This is different from a suitability standard where you can sell whatever you want no matter the commission as long as it is suitable for the customer. How each firm deals with this is different across the board. RIA's for example will only invest your account under a Wrap fee usually 1-2% of the AUM. Commission based sales will remove low commission products so they can say that they did the best for you on their platform. What it does NOT mean is the advisor must do the very best for you and send you down the street if there is a better deal. IT ONLY MEANS THEY MUST DO THE BEST FOR YOU WITH WHAT THEY CAN SELL. + +&#x200B; +whether it's DFV, RC, or that frickin' shill dog... + +ENOUGH ALREADY. + +i **guarantee** that you are not the first person to post a photo of that tweet. also, we have a rule here (#10, to be precise) that specifically disallows mass reposting. please, for everyone's benefit, STOP IT. if you want to follow these folks on twitter (i do!) - HAVE AT IT. but thinking that you need to run here and repost every single update the minute you see it in your timeline is wholly unnecessary. + +karma is a *worthless* measure of value and hoping to farm a bit from posting a photo 100 others have already posted is only serving to make this sub a worse place for everyone. + +take 5 minutes and scroll the front page before posting. if something is already posted DO NOT REPEAT THE POST. if you have something to add regarding that subject, POST IT IN A THREAD THAT ALREADY EXISTS. + +lastly, if the barrage of spam is also making you crazy, in addition to sorting by DD or News flair, you can also modify your Reddit preferences to "do not show me links after i've downvoted" which isn't a perfect solution (as you need to keep doing it constantly) but will help make the sub a bit more navigable for those of us who are uninterested in seeing screenshots of your positions (also against the rules here, btw), "i'm holding for [x] reason" or any of the other relentless spam topics du jour. + +🐒 + +edit: perhaps, as /u/atrivell pointed out, it isn't the rules that need changing, per se. it's enforcement of the rules we already have in place. there's a reason Rule #10 was instituted, but if fellow apes are still intent on posting things 400x a day, it's really up to our mods (all 8 of them) to stay on top of it. (especially now, as things begin to heat up and everyone gets excited.) +whether it's DFV, RC, or that frickin' shill dog... + +ENOUGH ALREADY. + +i **guarantee** that you are not the first person to post a photo of that tweet. also, we have a rule here (#10, to be precise) that specifically disallows mass reposting. please, for everyone's benefit, STOP IT. if you want to follow these folks on twitter (i do!) - HAVE AT IT. but thinking that you need to run here and repost every single update the minute you see it in your timeline is wholly unnecessary. + +karma is a *worthless* measure of value and hoping to farm a bit from posting a photo 100 others have already posted is only serving to make this sub a worse place for everyone. + +take 5 minutes and scroll the front page before posting. if something is already posted DO NOT REPEAT THE POST. if you have something to add regarding that subject, POST IT IN A THREAD THAT ALREADY EXISTS. + +lastly, if the barrage of spam is also making you crazy, in addition to sorting by DD or News flair, you can also modify your Reddit preferences to "do not show me links after i've downvoted" which isn't a perfect solution (as you need to keep doing it constantly) but will help make the sub a bit more navigable for those of us who are uninterested in seeing screenshots of your positions (also against the rules here, btw), "i'm holding for [x] reason" or any of the other relentless spam topics du jour. + +🐒 + +edit: perhaps, as /u/atrivell pointed out, it isn't the rules that need changing, per se. it's enforcement of the rules we already have in place. there's a reason Rule #10 was instituted, but if fellow apes are still intent on posting things 400x a day, it's really up to our mods (all 8 of them) to stay on top of it. (especially now, as things begin to heat up and everyone gets excited.) +Honestly, look at how the stock is being shorted and manipulated. If DFV and OGs didn't jump in when stock was around $5 or whatever, I'm convinced GameStop would have to file for bankruptcy and stock price would be way below $1. + +RC for all his vision, is taking forever to produce the marketplace. And we're all being patient about it. But if it wasn't for all of us, the company would be long gone. Cuz over a year of silence would give hedgies enough time to kill the company. + +Tldr: be proud of yourself and the community +Ethereum is a part of my day job and I've spent a lot of time trying to gain wrinkles on these concepts. Maybe it can help you? This post is basically a condensed and dumbed-down version of the [**glass castle DD**](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/?sort=new) (it's worth the read if you care about your investment). + +**ERC** stands for **ethereum request for comments.** It's a standard that describes the interface of a piece of code in ethereum. You can think of it as a universal agreement of how something should be programmed and/or how it communicates in the ethereum world. Basically, **ERC** describes an idea on ethereum. + +Currently, there is no published **ERC741 -** so you can't really google it. + +However, **ERC741** represents a combination of two currently existing **ERCs - ERC20 and ERC721.** + +**ERC20 -** describes a **smart contract,** which is developer defined code that executes on the chain. It necessitates some basic communication standards between ethereum assets but can be basically anything. + +**ERC721 -** describes a non-fungible token (or **NFT**) - a unique ethereum asset. You can't stack it or combine it. Think of an NFT as a [picture of dickbutt](https://knowyourmeme.com/memes/dick-butt) on the ethereum blockchain. + +**ERC741** seems to be a new emerging standard for a **financial/fractional non-fungible token (or F-NFT).** + +With **ERC741,** you break up that picture of dickbutt into tiny little pieces and hand it out. It's non-fungible (represents a non-stackable and unique part of dickbutt), but **can be** **combined** with other parts (not stacked, because it's unique) to compose dickbutt from **bigger or smaller** **chunks** in order to **increase or decrease the** ***number*** **of dickbutt chunks** (aka create shares or reduce shares). + +Now, replace dickbutt with GME. You pay for a chunk of the NFT which ends up going directly to GME as an investment. + +In other words, GME has been creating the next iteration of a financial marketplace. **The new NASDAQ or NYSE.** A market with no central authority, trustless, verifiable, and transparent - and it seems Lego signed up to be one of the first companies listed there. + +erc20 + erc721 = erc741 + +It's worth noting that I believe as soon as the mainstream crypto world hears about this and how it's ***the beginning of DeFi (de-centralized finance) based investing,*** it's going to fucking ***BLOW UP.*** It will be the MOAFE - ***mother of all FOMO events.*** If you work in tech and have witnessed the push towards adoption of **DeFi** technologies, you should understand exactly what I'm talking about. + +**EDIT:** Fuck it - I won't be coy. Anecdotally, there seems to have been a big push in the past few years in tech to learn about, experiment with, and focus on **DeFi** projects with the effort accelerating in the past year or so. I can't imagine there aren't *legions* of development teams prepared to work on projects like this. It also suggests an alignment of tech CEO objectives 🤔. *\*takes off tin foil hat\** + +It's hard to overstate the impact and significance of this sort of platform. If this has been RCs plan all along, then there is **a lot** more I can speculate on - but that's for another post. + +When I first saw it, I never could've imagined how literal this phrase would end up being: + +***The MOASS was always going to happen*** +There is an interesting article back from 2018 that says + +>If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain would be 571% +> +>On the other hand, if you had done the reverse, buying the ETF at the first second of regular trading every morning at 9:30 a.m. and selling at the 4 p.m. close, you would be down 4.4% + +I have backtested the same for 2020 and 2021, see the results below. Every day I was buying/selling just 1 share of $SPY. + +|Year|Buy at open, sell at close|Buy at close, sell at open| +|:-|:-|:-| +|2020|$4.88|$45.42| +|2021|$36.82|$53.92| + +Disclaimer: all calculations made using [BreakingEquity.com](https://BreakingEquity.com) +So up until June of 2016, I was a saver, turned down multiple events, and in return I got to save a ton of money. However in July I decided I needed to live a little, so I turned off 4 of my automatic contributions to savings/retirement accounts and decided for the next 4 - 5 months I would use that money for fun money, and will soon be turning my automatic contributions back on but this time it will be more focused on balancing fun with saving. + +What I learned from that experience was amazing, that is yes saving can be fun and seeing the numbers rise can be fruitful. However, living life is just as if not more amazing, in the past 4-5 months I have been to or done: + + - 2 music festivals (3-day festivals) + - 3 concerts (one was a two night concert) + - 2 holiday festivals (you know the ones with bouncy houses and lots of holiday type booths) + - New restaurants in my city + - Booked a trip to Vegas for next year for 5 days with friends + - Went to local art shows and got art for my apartment + - Attended a 4 day nerd/geek convention + +Now before that I rarely did anything other than the occasional eating out once a week. I can say the past 5 months were amazingly fun. So what did I learn? Saving is great, but watch your saving and make sure your saving:fun ratio is correct. Definitely don't do what I did and make your ratio 95:5 (95% saving mentality, 5% fun mentality). + +Just thought I would share my experience from getting away from saving and enjoy life a little bit, don't be consumed to the point you miss out on things. + +EDIT: This is mainly aimed at savers/investors. If you're seriously in debt, a 95:5 ratio as stated above is probably where you need to be at the moment till the debt is resolved. Past that, vive la vida! +In October my sister and I had a hostel booked in Munich with a 9am check-in time. Long story short, check-in never occurred; we waited hours as our check-in time kept getting pushed back and back, we were told 10, then noon, then 1, then 2, then 3, then 5... finally we gave up and asked for our reservation to be cancelled as we had missed our plans for the day waiting and somebody had warned us about bedbugs in the hostel while we were waiting (all reviews online confirmed it). We checked our bag and actually found one crawling around on it- I have a photo of it after I killed it. Hell no we weren’t going to risk staying there. We had to have money wired for an emergency last-minute Airbnb. + +Man at the front desk was very rude and told us we would be charged in full for all days. He claimed our room would be ready in an hour and we needed to wait, and when we mentioned the bedbugs he said we hadn’t been up to our room so how could we know there was bedbugs in our room? He also said that the site we booked through that said 9am check-in was a 3rd-party site unaffiliated with them. Their own website says 3pm (somewhere, but we couldn’t find it). Obviously, he refused our refund on all fronts. + +We left, I did a chargeback on my card upon returning to the states. I received a balance correction while the dispute was contested. A few days ago I got charged again for the full amount, so I’m guessing my dispute was rejected. + +Considering the booking was legitimate but through a site not affiliated with the hostel, the bedbugs situation (with pic of bedbug in the lobby, but not our room), and the fact that we didn’t stay there, is it worth calling and escalating the dispute to try to get a ruling in our favor? + +ETA: We booked through the 3rd-party but didn’t pay through them; we were charged the full stay when I handed over my card upon arrival at the hostel, prior to waiting for hours. + +ETA 2: I did receive the cancellation policy in the original booking email that stated that cancellations were allowed 24 hours prior to arrival date. We were staying 2 nights, so at the very least I believe my second night should have been refunded, unless they mean cancel 24 hours prior to date of entire reservation. Honestly, if I have to pay I won’t lose sleep over it, it would’ve been much worse to stay in that nasty infested hostel. Just was not sure if late check-ins and bedbugs were legitimate means for emergency cancellation. Thanks everyone for your responses! + +ETA 3: To clear up a few more details; the charge on my bank statement says “balance adjustment,” which leads me to believe it’s from the dispute outcome and not a duplicate charge from the hostel. + +Multiple people have mentioned the 9am check in as odd; the site we booked through was in German so perhaps mistranslation led to it seeming like a check in time rather than arrival time. Either way, when we arrived we were told a room would be ready for us in an hour or so, then another hour or so, and so on. When we came back after lunch the lobby was packed (and I mean, PACKED) with tourists waiting to check in, which leads me to believe that we weren’t the only ones given an earlier possible check in time. Had we known and not been strung along, we would’ve gone to our plans with bags and all. + +My sister and I were quiet and polite waiting in the corner of the lobby. We checked in once ever hour or so with the man at the desk and were nothing but courteous and patient. Regardless, he snapped at us (and everyone else in the lobby) at the slightest question or inconvenience. I understood that he must’ve been overwhelmed being the only one working, but after enough observation I realized that he was just an asshole working in the wrong industry. Or just exhibiting some of that famous European hospitality. + +We were content to wait (unhappy about it, but what could we do?) even though we missed our plans for the day. We got to talking to some others waiting in the lobby who started warning about bed bugs in the hostel. That’s when we got paranoid as we had been sitting in the gross couches in the lobby, and we started looking online and reading all the reviews. That’s when we checked our bag and found a bed bug and decided to hightail it out of there. The wait was bad enough, but we weren’t going to risk our health and belongings by waiting AND staying in an infested room. + +We were still polite when we requested to check out and the man was exceptionally rude and belittled me to the point of tears. I’m not proud that he made me cry, but he did, and he intimidated me so bad about not contacting management for a refund that I suppose that’s why I didn’t try. We just grabbed our things and quickly left. + +The booking site didn’t charge us, we were charged when we handed our card over at the desk. +I thought not. It's not a story r/investing would tell you. It's a r/wsb legend. u/1R0NYMAN was a Lord of the Investors, so autistic and so powerful he could use the Short Box Spread to influence the Markets to create money... He had such a knowledge of the Box Spread that he could even keep the ones he cared about from share assignment. The Box Spread is a pathway to many abilities some consider to be unnatural. He became so invested in his positions... the only thing he was afraid of was share assignment, which eventually, of course, happened to him. Fortunately, he taught his apprentices everything he knew, before Robinhood Risk Management closed his account while he slept. It's ironic. He could save others from losing money, but not himself. +repost from privacytools sub. + +&#x200B; + +There’s a reason why brave is generally advised against on privacy subreddits, and even brave wanted it to be removed from [privacytools.io](https://privacytools.io/) to hide negativity. + +Brave rewards: There’s many reasons why this is terrible for privacy, a lot dont care since it can be “disabled“ but in reality it isn’t actually disabled: + +Despite explicitly opting out of telemetry, every few secs a request to: “variations.brave.com”, “laptop-updates.brave.com” which despite its name isn’t just for updates and fetches affiliates for brave rewards, with pings such as grammarly, softonic, uphold e.g. **Despite again explicitly opting out** of brave rewards. There’s also “static1.brave.com” + +If you’re on Linux curl the static1 link. curl --head + [static1.brave.com](https://static1.brave.com/), + if you want proof of even further telemetry: it lists **cloudfare and google**, two unnecessary domains, but most importantly telemetry domains. + +But say you were to enable it, which most brave users do since it’s the marketing scheme of the browser, it uses uphold: + +>*To verify your identity, we collect your name, address, phone, email, and other similar information. We may also require you to provide additional Personal Data for verification purposes, including your date of birth, taxpayer or government identification number, or a copy of your government-issued identification* +*Uphold uses Veriff to verify your identity by determining whether a selfie you take matches the photo in your government-issued identification. Veriff’s facial recognition technology collects information from your photos that may include biometric data, and when you provide your selfie, you will be asked to agree that Veriff may process biometric data and other data (including special categories of data) from the photos you submit and share it with Uphold. Automated processes may be used to make a verification decision.* + +Oh sweet telemetry, now I can get rich, by earning a single pound every 2 months, with brave taking a 30 percent cut of all profits, all whilst selling my own data, what a deal. + +In addition this request: “brave-core-ext.s3.brave.com” seems to either be some sort of shilling or suspicious behaviour since it fetches 5 extensions and installs them. For all we know this could be a **backdoor.** + +Previously in their privacy policy they shilled for Facebook, they shared data with Facebook, and afterwards they whitelisted Facebook, Twitter, and large company trackers for money in their adblock: [Source](https://www.bleepingcomputer.com/news/security/facebook-twitter-trackers-whitelisted-by-brave-browser/). Which is quite ironic, since the whole purpose of its adblock is to block.. tracking. + +I’d consider the final grain of salt to be its crappy tor implementation imo. Who makes tor but doesn’t change the dns? [source](https://ramble.pw/f/privacy/2387) It was literally snake oil, all traffic was leaked to your isp, but you were using “tor”. They only realised after backlash as well, which shows how inexperienced some staff were. If they don’t understand something, why implement it as a feature? It causes more harm than good. In fact they still haven’t fixed the extremely unique fingerprint. + +There’s many other reasons why a lot of people dislike brave that arent strictly telemetry related. It injecting its own referral links when users purchased cryptocurrency [source](https://news.ycombinator.com/item?id=23441605). Brave promoting what I’d consider a [scam (archive)](https://archive.vn/cAGpe) on its sponsored backgrounds: etoro where **62%** of users lose all their crypto potentially leading to **bankruptcy**, hence why brave is paid 200 dollars per sign up, because sweet profit. Not only that but it was accused of **theft** on its bat platform [source](https://news.ycombinator.com/item?id=18734999), but I can’t fully verify this. + +In fact there was a fork of brave *(without telemetry)* a while back, called braver but it was given countless lawsuits by brave, forced to rename, and eventually they gave up out of plain fear. It’s a shame really since open source was designed to encourage the community to participate, not a marketing feature. + +**Tl;dr:** Brave‘s taken the fake privacy approach similar to a lot of other companies (e.g edge), use “privacy“ for marketing but in reality providing a hypocritical service which “blocks tracking” but instead tracks you. + +*Yes brave is certainly better than chrome for e.g, but its not the best option either, as an alternative for ios: snowhaze or firefox is great, on desktop librewolf or hardened Firefox is also good.* + +Edit: wow this blew up! To be clear I copy pasted the post from the privacy tools sub, I am not the author. Also some of you are way too triggered. +Any specific reasons or events that may have caused a dip in price in most crypto's or is August the 1st the only reason? Thanks in advance. + +**Edit: Thanks to all those who replied, good to hear peoples thoughts!** +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I kinda feel anxious whenever I spend a lot of money especially if it's a big purchase. I think it stems from having a history of making poor financial decisions. + +I've come a long way since then. I'm now spending money that I have the right to spend, but I still can't shake the feeling that I'm doing something wrong when I spend money on big purchases unless it’s a “Buy it For Life” or at least a “Buy it For Quality” purchase. + +Right now, I've been putting off getting a new phone for months because my old one has been rather laggy for three years. I have the money to buy, however there are moments when I feel like I should still wait a bit more. Same goes for buying a new laptop or pc parts on whether I should upgrade or wait a little longer. + +The problem is that, although I believe I have gone my entire life without ever using a flagship phone, laptop or pc or anything comparable, I also believe that I COULD use one at this point. + +Has anyone else experienced this? Do you have any advice on how to overcome it? +The end of the year is closing by, and we had a hell of a roller coaster with inflation, war, supply shocks, energy crisis and what not. I was wondering how did you guys do applying the wheel during this ferocious year. + +[View Poll](https://www.reddit.com/poll/z933mm) +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. +Honestly, £20k per year, control over where you invest and you can take the money out when you need and it's tax free. This is such a good deal isn't it? Where's the catch? +Also i'm severely agoraphobic and keep locked away from the world and when i first noticed the mistake i brought a reciept up for proof i paid it and i never got it back. + +Edit: on an unrelated note I found a facebook page of a guy with the same name as the owner who lives in the same city as me. He has two posts. his profile pic of Snidely Whiplash and his banner pic of a literal rusting to pieces trailer that looks like it's out of fallout with a for sale sign on it. It's probably a former pissed off tenant. i'll pm the link to anyone who asks but i don't want to just share it here out in the open. +I’m not a landlord but I think people need to realise that not all landlords are wealthy evil tyrants. + +My elderly parents have a rental property as their sole income. So if people stop paying rent they will have no income. + +No income doesn’t just mean no mortgage payments, it also means they can’t pay council rates, strata /body corporate fees, insurance, the extra water charges that tenants don’t have to pay, required repairs or maintenance etc. Plus they use this income for their own expenses like food and medical. + +Unemployed can get rental assistance from Centrelink, landlords and home owners/mortgage holders can’t get anything like that. + +It’s not black and white. So people can’t just simplify it by wanting the govt to stop rent = no mortgage payments. + +And those saying ‘just sell the investment’. It would take ages to get the sale money. And the new landlord will still have the same expenses. + +Talk to your landlord to try and come to an arrangement rather than just stopping paying rent. +Hi SuperStonk! + +I've been posting a bit more than I usually do recently, mostly because I've seen an interesting phenomenon, and I'm testing a hypothesis. I want to share it with you all, so that you can compare to your own experiences, and hopefully someone with more wrinkles than me can find a way to test it. + +It appears that there is an effort to keep any post that directly conflicts whatever FUD message is in vogue at the moment from getting traction and dying in new/rising (hello, fellow old reddit users!). The sweet spot appears to be getting upvotes to 87% or less, but at least below 90% seems to be the goal. + +Now, I don't know jack shit about Reddit's sorting algorithm. It could also be that I'm just not as fucking funny as I think I am. But I've noticed that once a post hits a certain number of upvotes (approx. 500), the effort to diminish upvotes ends completely, and then the percentage of upvotes climbs rapidly once it gets to hot (as normal). As additional evidence to support the theory, it appears ALMOST ANY post (not just mine!) on new or rising that contradicts the FUD message has to fight instant downvoting any time someone crosses above that 87% to bring it right back down. Upvote, downvote. And yes, I'm familiar with vote fuzzing, but this is not that, because the votes climb, and the upvote percentage never deviates. It almost instantly gets downvoted as soon as that threshold is crossed. + +If any apes wish to experiment with this, and you tend not to upvote or downvote anything (as I imagine lots of reddit users who just lurk do), try upvoting anti-fud messages for a week or so. Rationale is that the number of shills required to offset an increase in user voting would increase costs, as it would require more people to manipulate votes down to the threshold. As they mostly abandon downvoting to manipulate upvote percentage at about 500 upvotes, I can imagine it wouldn't take many lurking apes clicking updoots to balance out the force. + +Also, I might just be highly regarded. Either way, I'm curious for apes to share their experiences with: + +-Their own posts + +-Observations of new/rising post behaviors that track with OR against this hypothesis + +-Any knowledge about Reddit's sorting math + +-Erotic uses for crayons + +Thanks apes. + +P.S. I'm betting this post goes fucking nowhere, lol. *LET THE GAMES BEGIN!!!* + +Edit: Formatting. + +Edit 2: Every time a new person comments on this post, it is instantly downvoted before I can even see it in my messages. Hope they payin' good for all this hard work, shills... + +Edit 3: *OOOH, THEY'RE TRYIN'!* + +Edit 4: Every time it goes over 90% it instantly gets downvoted back under. I love that I can write a post calling it out, and they HAVE to prove me right, cause they still have to fucking do it, lol. + +Edit 5: Thanks apes, for engaging in this conversation, and sharing your experiences. It's good to know I'm not fucking insane and others are seeing this shit too. Anyone with any good ideas on how to track some of this data, I'd love to hear from you. +I gotta say, I see some good shit out there. I see new members trying to diversify their positions and learn about other stocks and other ways to make money. This is the path my fellow retards. I'm a nobody here, but I have good returns and some good insight. When I came to WSB, multiple people helped me figure out what the fuck I was doing, because I knew jack shit. I care more about my money than yours, but no retard should be left in the dark alone. So let me pass on a couple things. I can't prove shit to you, so read this or don't. + +I mainly trade options (Calls and Puts), so that is what I will discuss + +Generally the most insane gains will come from being in a specific stock and not an ETF or Index. While riskier, this is where you can hit the homeruns. So decide if you want to go for conservative gains or if you want those huge swings. While what I said is true, I am usually against putting everything into a single bet. Anything can go wrong at any time and no play is 100% guaranteed. The goal of this game is to stay alive. You will lose money on a play at some point, because it is inevitable. So never let yourself get wiped out, because you can always build yourself back up. This goes along with one of my other recommendations: always have SOME cash ready to go. You never know when there might be an incredible opportunity and you do not want to get caught with your ass hanging out. + +Paper hands and diamond hands are just words. You ultimately decide when you want to sell or hold and how much profit you want to take. One of my favorite strategies is to say, buy an even number of options on a play, sell half at a modest level of gains (like enough to break even or gain a little bit) and then let the rest ride longer. Look guys, on many plays, you either paper hands at some point or diamond hands long enough to see your positions go red. Some people will bail at 40% gains and others might not take anything less than 500%. Just know that chasing endless profits ups the risk factor, so YOU decide when it's time. Having a target share price for the stock is also a good strategy. + +Here's a couple psychological principles in investing. Studies have found that people tend to hold onto losing positions too long and sell winning positions too early. They let their losers lose and cut off their winners short. Apparently most people hate losing more than they like winning. Think about this before you sell. Stocks can often get hot and run multiple days in a row. Sometimes a stock will have one red day and then keep up going. This is why it's important to know WHY you got into a position. Trust your DD and stick to the plan. I had ideas for plays where they went red right away and I bailed... only to see them moon. "Diamond Hands" means that you don't dump your position instantly if it goes down. The hardest thing is knowing if you should cut losses or diamond hands. I'm a retard and we're in a bull market.. so often times the stock will eventually go up. Your call though. + +The market makers and big boys want you to lose. They want your money. I'm not going to dive into the realm of possible illegal activities that they may use, but just point out some simpler tactics they will use. Big money often sees retail as "weak hands" aka Buy High and Sell Low. They know FOMO is strong when a stock is going up big and that fear takes over when a stock divebombs. We're in a bull market, which means stonks only go up. However, we still have negative days. Stocks sell off sometimes and things can look bad. Generally, the dip is not time to sell, but instead, time to buy. Case and point, we had a pretty big drilling 2 weeks ago. Do you know what the big money did? They bought the fuckin dip and snatched up everything for cheap. We've been mooning ever since. + +Sometimes shit makes no sense. A company can have blowout earnings, exceed expectations, and the stock will tank. I was holding one stock a little while ago that reported a fantastic earnings and proceeded to drill to the core of the Earth that day. It was total bullshit and I knew it, I trusted my DD. So instead of panic selling, I added to my position. Sure enough, the stock began swinging upwards and hit an all-time high just 2 weeks later. This is why simply gambling can bite you in the ass. It's easy to get scared and sell when you doubt yourself because you picked a random thing to buy. + +Option Expiration Dates matter. Buying a 1 week option is the cheapest and gives the biggest percentage of profits if it goes your way. However, it can often be a noob trap. One bad day or one piece of bad news can kill your entire position. Stocks trade sideways sometimes. Sometimes they don't do what you think they should do. And sometimes the whole fucking market shits itself for seemingly no reason. So give yourself TIME to work with. Time costs money and hurts profit margins. But it is better to consistently make 50% profit than to hit one play for 300% followed by 10 losers. Look, playing weekly stupidly OTM calls is fun as hell and is a huge rush when it hits. I do at least one or more every week. The key is not loading your entire portfolio into this shit. Remember, no tendies = no more fun. + +Along the same lines, Strike Price matters. An OTM (Out of the Money) option means that the Strike Price is a bit of a ways from where the stock's price currently is. OTM options give huge profit margins the further you go out. I personally enjoy using them.. some people don't. But my advice is to balance risk with profit potential. If your call relies on a stock gaining 50% in 2 weeks.. then well, it's probably not gonna happen. ITM (In The Money) options means that your stock is already within the strike price. ITM is a more conservative play and sacrifices massive gains for lower risk. + +[https://www.optionsprofitcalculator.com/calculator/long-call.html](https://www.optionsprofitcalculator.com/calculator/long-call.html) \- Use this to get an estimate of potential profits and how much of a move you need + +Leaps are fuckin dope. A Leap is a call, but for a much longer period of time. I'm using the term loosely because we're degenerates and some people might consider anything more than 1 month a leap. Given that the market trends up over time, you might even make some money on a mediocre stock this way. A lot of people buy ITM leaps, but again, I'm a degenerate and go OTM a lot. + +Implied Volatility (IV) - Extremely fucking important. IV is basically an estimation of how much a stock is predicted to move in either direction. High IV = Expensive Options. It's fucking weird to think, but you can make similar profits from a 2% move on a low IV stock as you can from a 5% move on a more volatile stock. Low IV is fantastic when buying an option on a stock that you think is about to moon. High IV is riskier, so you damn well better think the stock can make some big moves. Buying an option on a stock right before Earnings Report (ER) will be more expensive due to IV. Trying to play ER is usually for suckers, unless you have some really good DD about why a company might deliver a huge surprise. One of the textbook big boy moves is to pump a stock going into ER. The company will deliver great news and then dump hard. You may see people bitching about this very soon. Basically, big money knew ahead of time it would be good, so the stock got pumped and then they took profits. + +Buy the rumor and sell the news. Events, press releases, and important dates that everyone knows about are another trap. You will get shit on. Ask someone about TESLA Battery Day. Positive rumors will send a stock soaring though. + +Finally, get busy learning. Read about Options on Investopedia and any other things you do not understand. The big boys rely on us to not know what the fuck we're doing to take our money. Learn about the general market. Stocks are grouped into "Sectors" or categories. Start figuring out what they are and pay attention to where the money is going. I didn't even mention half of the shit that goes on in options, so that's on you. The first thing you need to do is to learn what the "Greeks" are. That will teach you how options function. + +[https://www.investopedia.com/trading/using-the-greeks-to-understand-options/](https://www.investopedia.com/trading/using-the-greeks-to-understand-options/) + +If anyone wants to talk or discuss, send me a message. I'm a degenerate with no life. + +Oh and, if you follow someone's DD and lose money that's on you. I've come up with some genius shit, but I've also lost on some retarded calls. Nobody can pick you a guaranteed winner and hindsight is 20/20. + +May the gains be with you +&#x200B; + +As we all know, the Dodd–Frank Act is a federal law that was enacted in 2010. The law overhauled financial regulation in the aftermath of the Great Recession. The Act also created a new agency, the Financial Stability Oversight Council (FSOC). + +The FSOC, chaired by the Secretary of the Treasury, *brings together the expertise of the federal financial regulators, an independent insurance expert appointed by the President, and state regulators. The Council has a clear statutory mandate that provides new accountability to Congress and the American people by identifying emerging threats to financial stability and to coordinate regulatory actions to address them. The Council has important new authorities to constrain excessive risk in the financial system.* + +The Council is made up of 10 voting members and 5 nonvoting members. + 7 of the 10 voting members were in attendance at today’s meeting with Biden: + +1) Janet Yellen, the [Secretary of the Treasury](https://home.treasury.gov/about/general-information/officials/janet-yellen) who serves as the Chairperson of the Council; she’s a former **Fed** boss and replaced Bernanke, who’s been an employee of Citadel since 2016. She also happens to have received speaking fees from Citadel, Goldman Sachs, Barclays, and UBS during 2019 and 2020. She acknowledges receiving speaking fees from Wall Street banks in 2018 but doesn’t say how much those fees amounted to. Yellen has been dubbed the most powerful woman in the world. + +2) Jerome Powell, [the Chairman of the Board of Governors of the Federal Reserve System](https://www.federalreserve.gov/aboutthefed/bios/board/powell.htm). The **Fed** chief. Powell spent decades managing banks and private equity firms. *In November 2020, as markets reached record valuations – despite a weak economy, divided Congress, and trade wars –* [*Bloomberg*](https://en.wikipedia.org/wiki/Bloomberg_L.P.) *called Powell "Wall Street's Head of State", as a reflection of how dominant Powell's actions were on asset prices, and how profitable his actions were for Wall Street. Powell's close associations with shady figures such as Jamie Dimon (CEO of JPMorgan Chase and 5-time felon) have been criticized by congresswoman Katie Porter, who exposed how the Fed chiefs of past and present have used their position to pay off the big banks' debts using taxpayer money, and to make sure their interests were never in jeopardy.* Representing JPMorgan Chase as outside counsel in the matter were lawyers from Kirkland & Ellis (the law firm with which Trump’s former Attorney General William Barr was associated before coming to the Justice Department) and lawyers from Sullivan & Cromwell, where Trump’s former SEC Chairman Jay Clayton was a partner before taking the lead at the SEC. + +3) Michael J Hsu, [the Comptroller of the Currency (OCC);](https://www.occ.treas.gov/about/who-we-are/leadership/index-leadership.html) (the administrator of the federal banking system) “*We ensure that the banks we supervise operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations*”. The OCC operates under the Treasury Dept. Yellen picked Hsu, a low-level employee at the Fed, to serve as Acting Comptroller of the Currency. The OCC oversees the most dangerous megabanks on Wall Street and reports on their hundreds of *trillions* of dollars in derivative trades. Hsu quickly turned around and appointed Benjamin McDonough as the OCC’s Senior Deputy Comptroller and Chief Counsel. Where had McDonough come from? the Legal Division of the **Fed**eral Reserve. + +4) Dave Uejio, the acting Director (until Biden’s nominee Rohit Chopra is confirmed by the Senate) of the [Bureau of Consumer Financial Protection](https://www.consumerfinance.gov/) (CFPB); This government agency’s job is “*dedicated to protecting consumers from unfair, deceptive, and abusive practices, in the financial* marketplace, through the enforcement of federal consumer financial law”. Uejio began his career for the US government in 2006 at the NIH, then for the Department of Defense, prior to his first role at the CFPB. That is all the info I could find about him online. + +5) Gary Gensler, [the Chairman of the Securities and Exchange Commission (SEC);](https://www.sec.gov/Article/about-commissioners.html) Former investment banker (Goldman Sachs), Chair of the Commodity Futures Trading Commission (CFTC), and former Treasury Dept official. If you are not familiar with the MF Global scandal, read it [here](https://thedig.substack.com/p/gary-gensler-is-not-the-guy). This will make you doubt that Gensler is the tough regulator he’s portrayed to be. Another reason to doubt Gensler’s willingness to do anything of substance at the SEC: He picked Alex Oh as head of Enforcement. Oh worked for 2 decades as an attorney for Paul, Weiss, Rifkind, Wharton & Garrison, the law firm that major Wall Street banks (Citigroup, Deutsche bank, etc) repeatedly choose to fight their serial fraud charges. Brad Karp is the Chairman of Paul Weiss. He has donated millions and lobbied for years to make sure the government doesn’t appoint regulators and prosecutors who will bring his corporate clients to heel. If you’re not sick to your stomach that Wall Street’s top watchdog has been a completely captured regulator under both Democrat and Republican administrations for decades, then you’re simply not paying attention. Btw, the SEC still has not designated a Director of Enforcement. The current "Acting" director, Melissa Hodgman, is the wife of former FBI agent Peter Strzok, who led the investigation into Hillary Clinton's use of a personal email server. + +6) Jelena McWilliams, [the Chairperson of the Federal Deposit Insurance Corporation (FDIC);](https://www.fdic.gov/about/learn/board/mcwilliams/) “*An independent agency created by Congress to maintain stability and public confidence in the nation's financial system. To accomplish this mission, the FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection*”. McWilliams has a law degree. She worked for private firms, then for the **Fed**. McWilliams worked in the United States Senate for six years, first as assistant chief counsel for the Small Business and Entrepreneurship Committee and then as chief counsel and deputy staff director for the Committee on Banking, Housing and Urban Affairs. At the banking committee, McWilliams worked with chairpersons Senator Richard Shelby (R, Alabama) and Senator Mike Crapo (R, Idaho) on, among other issues, the implementation of and *efforts to rework or repeal the 2010* [*Dodd-Frank*](https://en.wikipedia.org/wiki/Dodd-Frank) *banking-regulation reform act.* It sounds like a conflict of interest, doesn’t it? Working to repeal Dodd-Frank and then becoming a voting member of the Financial Stability Oversight Council, which was created by Dodd-Frank to regulate banks. + +7) Rostin Behnam, the “Acting” [Chair of the Commodity Futures Trading Commission (CFTC);](https://www.cftc.gov/About/Commissioners/RostinBehnam/index.htm) According to his profile on the CFTC website; “*Behnam advocated for the CFTC to use its authority and expertise to ensure the derivatives markets operate transparently and fairly for participants and customers”.* Given the CFTC’s importance, it’s puzzling that President Biden has yet to nominate a chair. The Commodity Futures Trading Commission has been without a permanent chair since President Joe Biden took office in January. “Acting” leadership positions are not sufficient. Since Biden took office, the acting CFTC chair and the acting director of enforcement have made few public statements to indicate the direction the CFTC will take in the new administration. The CFTC also has a number of unfilled positions in senior leadership, including director of the Enforcement Division and general counsel. There have been no statements about CFTC’s enforcement priorities or what the markets can expect. So here is a powerful market watchdog with no dogs to watch the market!! + +TL;DR: The government, its regulatory agencies, and especially the Federal Reserve, have been allowing Wall Street criminal behavior to continue due to conflicts of interest and greed. GME has exposed how financial institutions manipulate the markets through naked short selling, dark pools, swaps, and other types of fraudulent activities. Retail investors can change the status quo by buying and holding GME shares until the SHFs are forced to cover. +Excuse the click-baity title. I don't know how accurate my conclusion is, but the parts are all there, sourced and listed below. The title is not misleading, alarmist yes, but for good reason. + +On another note, I dedicate this write-up to u/sharkbaitlol. Last night before HOC 2 & 3 dropped, he posted a well-written post that he ultimately deleted due to mass reporting (I think) and harsh criticism; it was completely unjustified. He said he removed his post because it wasn't directly related to GME, but just like this post of mine, it actually was/is. Rule 5 says "Other stocks ... can be mentioned if related to Gamestop," and his and my post are related to Gamestop by nature of Citadel's involvement. + +**TL;DR** \- Adam Aron, Director/CEO/President of AMC, joined an SPAC as an independent director on May 6. A week later on the 12th, Citadel bought in to that same SPAC. As two weeks pass, up to today, [various](https://fintel.io/so/us/amc#topic-table-body) **institutions, including those who either shorted or worked with shorters on GME, bought shares, calls, and puts on AMC**. Many names we've seen before, like [in the thread](https://www.reddit.com/r/wallstreetbets/comments/lw0g1g/the_industry_players_again_gme/) "The industry players again GME," and other large Wall Street firms stacked up on AMC stock **before the run-up** this Monday. + +\------------------------------------------------------------------------- + +# 1. The link between AMC and Citadel + +On May 12 this year, Centricus Acquisition Corp. ("Centricus") was [purchased](https://sec.report/Document/0001104659-21-071171/) (like 33.6% stake) by Kenneth Griffin ("Citadel") (Note: ownership is split between 7 entities, but they're all either directly controlled by or share partnership with Kenneth G., so going to just call them all "Citadel" unless the need to differentiate comes up). Centricus is an SPAC that, as of March 31, had $1,159,689 in cash not held in trust and available for "working capital purposes" (not making a point, just saying). + +About a week before that on May 6, Adam Aron [was announced](https://sec.report/Document/0001104659-21-063130/) to join as a director of Centricus, "appointed to serve on the audit committee, the nominating committee and the compensation committee." He was paid with [20,000 class B](https://sec.report/Document/0001104659-21-063134/) shares along with a promise of future pay through Centricus' future merger (slight restrictions though). + +[https:\/\/sec.report\/Document\/0001104659-21-064805\/](https://preview.redd.it/obrzp78ycq171.png?width=1465&format=png&auto=webp&s=1b3a552f88a51997d3172a009f5f4ae6f2eab0bf) + +Beyond just SEC filings, [Centricus' website](https://www.centricusacquisitioncorp.com/team/default.aspx) lists Adam Aron as a director, so everyone knows they aren't trying to hide the facts (at least not all of them). + +And that's the connection. It may appear shallow, but the situation is a bit absurd — the CEO of a company under attack by Citadel is also in business with Citadel in an SPAC. + +But... Is AMC under attack by short sellers? The narrative of "AMC being related to GME" and squeezing just like GME... Could it be a farce? + +&#x200B; + +# 2. AMC is not like GME, and it may NEVER squeeze + +There are a vast amount of differences between the two companies, but I'll try to focus on the one most relevant to this post: Ryan Cohen ("RC") and Adam Aron ("AA"). + +RC has, since he first joined Gamestop, pushed to improve and revitalize the retailer. AA is scum. + +[Long-time Wall Street bro sucks Jim Cramer's dick on Twitter](https://preview.redd.it/nyll68pktq171.png?width=795&format=png&auto=webp&s=9454b54ec843148500baca02616f5cd929923d35) + +While AA has been using [his twitter](https://twitter.com/CEOAdam/with_replies) to promote his company and retweet/tweet apes, trying to build a rapport with us little retail investors, RC [has been](https://twitter.com/ryancohen/with_replies) very quiet, only occasionally gracing us with memes and pictures. You won't find on RC's Twitter things you would on AA's. A cursory Google search shows some differences between the two: + +[CNBC and Fox Business seem to like AA 🤔](https://preview.redd.it/q7bjshwsvq171.png?width=1096&format=png&auto=webp&s=65639e30a39c9ee6e14392c39edb2db9cf7e385f) + +But that's all pretty obvious right? RC is a great guy while AA is a Wall Street guy. It's been known for a long while especially on Superstonk where I frequent. + +But how did I get to the conclusion that AMC might never squeeze? Fine I'll get to the point... + +Gamestop filed a [prospectus](https://www.investopedia.com/terms/p/prospectus.asp) where they would [dilute their shares](https://sec.report/Document/0001193125-21-105564/) by 20.22% (70.77M shares / 3.5M new stock) or up to a value of $1 billion. The broker they used was called Jefferies LLC. + +AMC filed their own prospectus, with plans to [dilute their shares](https://sec.report/Document/0001104659-21-055711/) by 12.19% (524.17M shares / 43M). They chose Goldman Sachs and Citigroup as their brokers. Two cool Wall Street firms. /s + +But that's not all AMC did. They also tried this: + + "In addition, on January 27, 2021, our **board of directors approved an amendment to our certificate of incorporation** to **increase the total number of shares of Class A common stock** the Company shall have the **authority to issue by 500,000,000 shares** to a total of 1,024,173,073 shares of Class A common stock (the “Charter Amendment”). The **Charter Amendment was subject to the approval of at least a majority of the capital stock entitled to vote** and we submitted the Charter Amendment to our stockholders for approval at our annual meeting of stockholders. However, on April 27, 2021, our board of directors determined not to seek stockholder approval of the Charter Amendment and withdrew such proposal from stockholder consideration at our annual meeting of stockholders. **Notwithstanding the foregoing, our board of directors reserves the right to propose an amendment to our certificate of incorporation to increase the authorized shares at any point in the future**. If any such amendment to our certificate of incorporation is approved by our stockholders in the future, **we may issue a substantial number of shares relative to the number of shares currently authorized by our certificate of incorporation. These future issuances may be significantly dilutive to your investment and result in a decline in the market price of our Class A common stock**. This risk of future dilution must be weighed against the risk that our stockholders fail to approve an increase in our authorized number of shares of Class A common stock." + +They tried to covertly slip through a **share dilution of \~100%** \- then they changed their minds, but not without assuring their stock holders that **they'd do it later** ([same as last link](https://sec.report/Document/0001104659-21-055711/)). Good thing shareholders have a say in if and when they could do such a thing. + +But there's more! The board at AMC [changed their bylaws](https://sec.report/Document/0001411579-21-000038/) on May 4th (two days before their CEO joined that SPAC): + +" On May 4, 2021, the Board of Directors of the Company approved an amendment to Article II, Section 6 of the Company’s Bylaws to reduce the number of shares present at meeting of stockholders necessary to constitute a quorum to conduct business from a majority of issued and outstanding shares to **one-third (1/3) of issued and outstanding shares**." + +So the next time they want to fuck over their shareholders by releasing a mass amount of stock, **only 1/3 of the majority will be needed**. And two days before AA joins an SPAC / eight days before Citadel buys into that same SPAC... That timing is suspect. Like too suspect to just brush it off. + +There's [another part](https://sec.report/Document/0001104659-21-055680/#tDES) I'm unsure about if I'm reading this right: + +"Preferred Stock + +Our certificate of incorporation authorizes the AMC Board to **issue from time to time up to an aggregate of 50,000,000 shares of preferred stock** in one or more series without further stockholder approval. **The AMC Board is authorized, without further stockholder approval, to fix or alter the designations, preferences, rights and any qualifications, limitations or restrictions of the shares of each such series thereof, including** the dividend rights, dividend rates, conversion rights, voting rights, **terms of redemption (including sinking fund provisions), redemption price** or prices, liquidation preferences and **the number of shares constituting any series or designations of such series**." + +How long does "time to time" mean? And that last sentence, can they just redeem/make preferred stock common A stock if they want? I don't know, I'm smooth brained. + +And one more thing in the [same filing](https://sec.report/Document/0001104659-21-055680/#tSEL) as last: + +[Hmm, I guess AMC doesn't mind their stock getting further shorted?](https://preview.redd.it/vwz3lso1cr171.png?width=1487&format=png&auto=webp&s=13fae3e7bac3757780fe5b1e0c2b7a1df85f14b1) + +The formatting was balls so used a screenshot but these lines irk me the most: + +" In addition, **we** or the selling stockholders **may enter into derivative or hedging transactions with third parties, or sell securities not covered by this prospectus to third parties in privately negotiated transactions**. In connection with such a transaction, **the third parties may sell securities covered by and pursuant to this prospectus and an applicable prospectus supplement or pricing supplement**, as the case may be. If so, **the third party may use securities borrowed from us or the selling stockholders or others to settle such sales and may use securities received from us or selling stockholders to close out any related short positions**. For example, we and the selling stockholders may: enter into transactions with a broker-dealer or affiliate thereof in connection with which such broker-dealer or affiliate will engage in short sales of the Class A common stock pursuant to this prospectus, in which case such **broker-dealer or affiliate may use shares of Class A common stock received from us** or selling stockholders **to close out its short positions; sell Class A common stock short and re-deliver such shares to close out the short positions**; " + +Why would AMC, if it's under attack by malevolent shorters, think it a good idea to loan or sell new stock to short sellers? Writing this into their prospectus seems like a really, really bad idea. + +**Either long-time Wall Street CEO AA and his board are a bunch of real idiots or they are working with short sellers**. There's no reason for this kind of language in their prospectus if neither was true. The company would not tell shareholders of how they might help short sellers cover their position unless it was either planned or expected. + +&#x200B; + +# 3. But why would AMC work with short sellers? Short interest proves they are under short attacks. + +Read HOC 2 + 3. Short interest proves nothing. + +&#x200B; + +# 4. Where's the benefit in working with Citadel? + +Money. AA and his board of dickbags would profit big if apes bought into AMC and held until June 2nd. The narrative of "hodl until the record date!" gives them and all the institutions buying in (or having bought in early) days to **pump and dump the stock**. I'm not a betting man (all my money is in GME) but if I had to make a prediction, I'd say there'll be some major dumping of AMC next week. + +&#x200B; + +# 5. You're a shill. You just want GME to moon and not us AMC apes + +No, I just liked u/sharkbaitlol's post a lot. It also sent me down a 10+ hour rabbit hole so fuck you for that sharkbait. + +But anyways, I finally got an answer to my question: what tf is Citadel doing? I knew they had to be planning something big because I know I wouldn't just do nothing if I were in their position. + +Even if I'm connecting dots and drawing conclusions and tinfoil etc, I'm not assuming everything. The evidence is all there to find, including... + +&#x200B; + +# 6. Evidence of insider trading? Maybe... + +To top it all off, I believe that either word was put out or slipped out of what was going to happen (AMC pump and dump). I don't have clear-cut evidence of this, but there's a pattern you can see right off [fintel](https://fintel.io/so/us/amc): + +[Lotta green](https://preview.redd.it/de26ydj5jr171.png?width=1442&format=png&auto=webp&s=bba76071d6c133aea20ed03b1a51437a25147d47) + +Starting May 17, hedgies and banks stopped selling AMC (for the most part). Instead they started buying, by a lot. But before that... + +Remember what happened on May 12? That's when Citadel bought into the SPAC Centricus. + +[Event May 12, filed after May 24](https://preview.redd.it/d5vcqf00kr171.png?width=972&format=png&auto=webp&s=f954145ed14d72a89221ba3d54743b3e5ae6c459) + +On fintel, it looks more or less normal up until May 17, a day where 14 closed their positions. The last to close their position was on the 18th. Beyond that, all buys/opening new positions. I don't know about increases, but the dates are just too much to be coincidence: + +**May 4** \- AMC's changed voting majority to 1/3 for a quorum for no reason. + +**May 6** \- AMC's CEO joins an SPAC for seemingly no reason. + +**May 12** \- Citadel buys into that same SPAC. + +**May 18** \- last time an institution closed a position on AMC (although 17th was more or less the last normal date). + +**May 21** \- Citadel reports a 750k share position in AMC. + +**May 24** \- price runs up on GME and AMC, GME because of T+35 and AMC for no reason. + +**June 2** \- day you need AMC shares to vote (don't even understand why people care, but the narrative to hold until this day has been spread out and about). + +&#x200B; + +# 7. What do I think is going to happen? + +Not sure, but for weeks to months now AMC has been spread as a stock that's going to squeeze, despite no DD or evidence of that. I've heard people say it's the same hedgies shorting both, but are they really? I'd love to see why people think that and I hope it's not just cause they're following the crowd, a crowd which is choosing a cheaper alternative to GME (which isn't an alternative at all). + +If I were to put these pieces together though and think up a nightmare scenario, I'd say this: + +Adam Aron, CEO of AMC, is a Wall Street bro, using his connections to make bank, colluding with short sellers like Citadel to pump his stock, spread their narrative, and initiate what looks like a short squeeze on AMC, while GME either trades sideways or is attacked down. Come June 2nd or near, AMC stock will plummet as the shorters sell or exercise their calls, then the board will vote for introducing 1 billion new shares. They'll give or sell it to the shorters so they could stop being short while flooding the market with shares. AMC never squeezes, apes lose big while hedgies win big. Then the hedgies use their newly acquired gains to short attack GME to as low as it can go. + +Following this, Citadel still squeezes cause of RC's GMEcoin play, but Wall Street uses Citadel's collapse and the pump and dump scheme to try to regulate retailers, not themselves, as we need protection from bad actors like Citadel (if they're the only fall guy) and the only way to protect them is to have them need to use brokers not apps to trade. + +But who knows. + +&#x200B; + +# 8. In conclusion... + +I don't think AMC is a distraction anymore. I think it used to be one, but AA turned around and is working with Wall Street to make it a trap. Those complicit with AA want to not only rob retailers, they also want to cause disillusionment in apes and make people think GME can't squeeze. I think before the squeeze comes, a large amount of institutions will buy into GME so when the MOASS happens it'll be mainly the already rich who profit. + +And I don't know what to do about this beyond make this post. Hope it was helpful since I spent so long writing and researching. Don't know how bad the fallout would be if I'm even a quarter right, but the very least I could do is some reading and teaching. Superstonk's been a blessing in a year and a half of shit, so I want to contribute to the betterment like the rest are. + +Now I'm going to tag some mods and say: I think sharkbaitlol should be re-modded. He wasn't spreading FUD or breaking rules, and he's an alright guy I think. He had a good point and he was unfairly attacked yesterday. Citadel and their going-ons is always relevant to GME until they fall. + +u/sharkbaitlol u/redchessqueen99 u/rensole u/StonkU2 u/Bye_Triangle u/HeyItsPixeL u/atobitt + +Was I wrong anywhere? Let me know. Comment, upvote, buy and hodl GME. + JPMorgan Chase CEO Jamie Dimon estimated last week the probability that the US would head into a recession, according to a Yahoo Finance report published Saturday. + +Dimon reportedly said on a client call Tuesday that the economy was "strong" but "storm clouds" were on the horizon, including federal monetary policies, Russia's invasion of Ukraine, and rising oil prices. The categorization is an apparent downgrade from Dimon's previous comments in June when he warned of an "economic hurricane." + +"Consumers' balance sheets are in good shape," he said, per the Yahoo report. "Businesses are equally in good shape. When you forecast, you have to think differently. It is a bad mistake to say, 'Here is my single-point forecast.' + +The CEO was said to have estimated the chances of a "soft landing" to be about 10% and the probability of a "harder landing" or "mild recession" to be closer to 20 to 30%. He also reportedly estimated a 20- to 30% chance of a "harder recession" and a 20- to 30% chance of "something worse." + +Read the full article: [https://finance.yahoo.com/news/jpmorgan-ceo-jamie-dimon-told-163049048.html](https://finance.yahoo.com/news/jpmorgan-ceo-jamie-dimon-told-163049048.html) + +JPMorgan CEO Jamie Dimon told wealthy clients there's a chance the US is heading into 'something worse' than a recession +Yeah I’m a retard and know nothing about stonks, only started doing this since March this year during lockdown but know a good thing when I smell it. I’ve done well with lithium stocks due to the EV hype, and next on the list is U stocks. +With all the climate/clean energy talk going around, I bet you my hairy left testicle they will explode like no other this year. +Here’s my reasons. + +1. Sprott buying up physical uranium + +2. India, Japan, China turning on nuclear reactors + +3. USA stating that importing Uranium (from non allied countries) is a national security threat + +4. Elon suggesting nuclear power is the safest cleanest energy available + +5. Power grids will not be able to withstand extra load with increased EV + +6. Power grids already Fkd and unable to cope with longer summers in the USA + +7. Many US Governors are bullish on nuclear power + +8. Kazatoprom (worlds largest producer) scaling back on production due to Covid and production issues. + +All the above add to the shortage of physical Uranium on the market place. +I’m all in on $PEN who will take advantage as they’re based in Wyoming who’s Gov is pro nuclear, added to this they already have supply contracts and are themselves buying physical uranium. +Also $GLA because it’s cheap AF and they’ve also taken over urnx tenements. +My research on the topic suggest when it hits, sp can climb x10, x50, x100 fast. +So my plan is to scale out in stages as the spot price on Uranium climbs. + +I know nothing, just a dumb autistic wog that’s made bank on Lithium and can now afford the rims of a Lambo 🤑 +&#x200B; + +I know BrainChip burnt many of you, RIP your butthole's, RIP Melvin - But this one's a reusable space-x rocket, returned to home for a quick refuel. + +&#x200B; + +Continue for a briefcase containing a DVD copy of the dark knight rises; + +&#x200B; + +Recent price action was just a speculative bubble, which is indicative of any disruptive tech and completely normal. + +&#x200B; + +Think Bitcoin, Tesla, ect ect. + +&#x200B; + +From a TA perspective, the bubble cycle looks complete as BRN begins to consolidate. + +A channel started forming prior to the 2020\_Melvin\_pump\*TM and I expect SP to bounce around these levels until the next move in response to rumors/deals. + +https://preview.redd.it/4norp7pl8ds51.png?width=1980&format=png&auto=webp&s=1f8ca0b0165d39f50255255473deb2fd7c21463f + +&#x200B; + +IF BRN delivers a decent deal or two, which sentiment seems to agree that they will in 2021, we will most certainly return to $1 & probably beyond. + +&#x200B; + +WHY? + +FOMO is why. + +It drives sp particularly when a stock is a retail heavy small-cap. + +&#x200B; + +BRN's next move will be an explosive second wave of retail buying - google trends can help explain this position. + +Look at the search volumes for BRN compared to some of our fave meme's + +[ Search volumes for other small-cap meme boiz hardly register against BRN.](https://preview.redd.it/y44m9ixbads51.png?width=1164&format=png&auto=webp&s=d58898f32686047c42ddc3c22f779bb533983d45) + + + +Z1P & APT are comparable, however, what's important here is Market Cap. + +* APT: 25.45B +* Z1P: 3.90B +* BRN: 532.43M + +&#x200B; + +Why does this matter? + +It takes much less $$ to move BRN, yet investor interest is on par with larger Stocks that are/have made big gains. As rumors begin to circulate soon re: new/next deals, BRN will spice up, and everyone who bought at the top will be dumb fucks and do it again. Bless your poor souls. + +&#x200B; + +&#x200B; + +TLDR; BRN is on the map, the recent pump was just a speculative bubble, if BRN delivers next year SP will explode. Be kind to yourself and buy before the daily "BRN [🚀](https://emojis.wiki/rocket/#:~:text=Rocket%20emoji%20looks%20just%20like,user%20is%20determined%20to%20fulfill.)[🚀](https://emojis.wiki/rocket/#:~:text=Rocket%20emoji%20looks%20just%20like,user%20is%20determined%20to%20fulfill.)[🚀](https://emojis.wiki/rocket/#:~:text=Rocket%20emoji%20looks%20just%20like,user%20is%20determined%20to%20fulfill.)[🚀](https://emojis.wiki/rocket/#:~:text=Rocket%20emoji%20looks%20just%20like,user%20is%20determined%20to%20fulfill.)[🚀](https://emojis.wiki/rocket/#:~:text=Rocket%20emoji%20looks%20just%20like,user%20is%20determined%20to%20fulfill.)[🚀](https://emojis.wiki/rocket/#:~:text=Rocket%20emoji%20looks%20just%20like,user%20is%20determined%20to%20fulfill.)[🚀](https://emojis.wiki/rocket/#:~:text=Rocket%20emoji%20looks%20just%20like,user%20is%20determined%20to%20fulfill.)" posts return. +Now as usual when the FY comes to an end I like to go over my shit and see where I messed up and if there was a common theme. Every year I am bound to have a few fook ups as I take risks whether its through earnings plays or just thinking the market is wrong long term. So these are not in order of losses or anything, just ones that pop in my head. Some people will say oh if you bought xyz at $1 and sold at $1.20 but its now $5 then it was stupid, I am not going to include anything like that because “everyone is happy with what they make until they find out the person next to them makes $2 more” Buffett during the 2021 investor conference. + +First off we have AX1 who was the only earnings play last year that I posted that did bad, the issue here was they were retail and retail last year was going up on earnings like Tom goes up into us. The issue though was AX1 were one of the last companies to report and the stock had already run pretty hard, I usually buy earnings plays 1 day to 1 week before the announcement is due so by the time I got in it was a bit too late and I ended up losing 1% because I wanted to squeeze an extra few %. Lesson here is don’t be greedy, which is one of the common themes of mistakes I make. + +The next one is FMG, I bought FMG in September last year thinking iron ore will do well largely because Brazil is having issues and the demand from China wont slow down so easy clap. Well the logic may have being slightly flawed, but considering I don’t understand resource stocks at the best of times I thought it sounded good. So the issue here is I sold 1 week later after the stock didn’t move and I sold because I thought dividend chasing is stupid, which I still think it is but is a common strategy that works for some people. So here the issue was I bought in for one reason and sold for another which is like buying a coke because your thirsty and then throwing it away because you realise you’re hungry, it doesn’t make you any less thirsty. Lesson here is have some conviction and make sure I understand what I’m buying and why. + +Next one which I would argue was my biggest mess up was DOW. I bought in to DOW last year as an infrastructure play and I preferred them over other infrastructure choices due to the transport infrastructure they do. I ended up selling shortly after because I got impatient the stock wasn’t moving and I was worried about the opportunity cost and wanted money now. The issue obviously here is I bought in on a fundamental medium-long term basis and it was not based on momentum, but I then sold because the momentum was flat. Whether the stock moved or not nothing fundamentally changed therefore there is no reason to sell, if I wanted more capital to play around with I should of invested a smaller percentage. + +Going back through my trades I didn’t think there were this many issues, oh well. 2 more! This one was the biggest % wise loss and was NXT. Now I was convinced NXT was undervalued because year after year they delivered on what they were expecting and the growth was easy to follow and understand. I like companies which have a simple growth plan and execute it (elders and pme for example), so I did my analysis and decided sure high $11’s is expensive but I don’t think theres much concern and if it falls to the $10 support ill buy more. Well about a month later Ausbiz did a segment and they mentioned NXT. They discussed how to grow is going to require more and more capex and margins will start to get reduced, this is something I did not consider because sure capex will increase but reducing margins is a big issue which I didn’t realise. As such I sold the stock shortly after and learnt my lesson that even after all the analysis theres still a chance I miss or don’t understand something correctly. + +The last one and probably my favourite one is NXL or NUIX. NXL was my last earnings play I did at the start of this year. We were 4/5 and cruising along, I saw NXL had earnings coming up and thought well here we go. Going in I knew they were a big risk because no guidance or updates meant a big swing either way, but the stock had positive momentum and were supported by Macquarie. Well results came out and they were horrendous, I followed my rule and bailed on open, but after digging in more it was clear there was some major issue. They remind me heavily of APX but even worse, because APX managed to atleast grow over the year but NXL somehow had no growth and this was like a retail stock last year somehow not improving…it was blasphemous. The issue here I don’t think is the logic behind buying, because I knew they were high risk. The issue here is if I had only got 1/5 earnings plays right I wouldn’t of bothered, so basically I got greedy again. + +Anyway hopefully this helps some of you autists reflect on your trades for the year and think about how you can improve. The biggest issue for me was greed and not having any conviction when I buy a stock. In hindsight I think the DOW and FMG mistakes were easy to avoid. AX1 and NXL I would make again because I’m greedy and happy to take the risk, which I know is not great for the overall $ amount but its just too hard to not be greedy when everything feels like its going right. NXT just came down to a lack of understanding and not realising the downsides to their growth plans, which I know factor in and try find in companies. +(sorry for the post spam mods) +Hi all, + +As the title says I'm a physics student wanting to learn about algotrading. I've got a basic economic understanding from a course I've taken this year titled "Introduction to financial maths" but I'm wanting to go beyond the course in my free time. The course covers stuff such as put-call parity and Black-Scholes equation. Any advice on where to go from here would be greatly appreciated +Hi guys, I recently started studying evolutionary optimisation algorithms as a part of my intelligent system design course. I find it really interesting and am interested in learning more about optimisation in general with a focus on trading. any recommendations would be greatly appreciated +What was the hardest thing for you to overcome with regards to trading? + +Also, feel free to add opinions and suggestions relating to your journey as an FX trader. + +No matter the level of knowledge, practice or experience, we can always learn more! + +Looking forward to everyone’s inputs! :) +Hello guys my name is Darren. I completed my trading certification some weeks ago. Since I started trading in 2017, this is the first time I have profitable months on a consistent basis. Prior to finishing my certification I had only one profitable month and that was pure luck because the opportunities I missed were just hell. + +I have already told my boss I’m about to quit at the end of the month of July. After I collect my last paycheck. + +I am scared shitless. I am even petrified at times. +To those out there who did such a thing before and who are trading forex for a living. How did you cope with this fear? +https://www.youtube.com/watch?v=L7G0OfJUON8 +Seminar discussing the way the retail industry is setup. This is by no means anything new, but I certainly did not think about this when I began trading. +I ve just read recent Goldman Sachs report and i barely understood anything and they use some terms and abbreviations i dont understand at all,how do people know if news are positive or negative to market or if it is gonna be bearish /bullish? +Lately a lot of banks have been adding more and more restrictions and limitations to funds transfers. + +What is the best way to transfer large funds (6-7 figures) between banks and brokerages? + +&#x200B; + +**EXAMPLES:** + +**Morgan Stanley** + +Maximum initial transfer of $10,000 to new Morgan Stanley Private Bank accounts. + +A $100,000.00 transaction limit applies for all transactions between a Morgan Stanley Private Bank account and an external funding account. + +**Discover** + +Incoming limit is $250,000 per 30-day rolling period for each Account Center registered owner. + +Outgoing limit is $250,000 per 30-day rolling period for each Account Center registered owner. + +The limits above are subject to a combined incoming/outgoing limit of $300,000 per 30-day rolling period for each Account Center registered owner. + +**Schwab** + +The maximum amount per transfer allowed by Schwab Bank is $100,000. + +The daily transfer limit is $100,000 into and $100,000 out of your account. + +**Interactive Brokers** + +Use your IBKR login to initiate and complete transfers. Limited to $100,000 per seven days. + +**Merrill** + +The transfer limits for accounts linked online are $25,000 per day for outgoing transfers and $100,000 for incoming transfers. + +**Chase** + +Most Chase accounts have a $25,000 per day limit. Chase Private Client and Chase Sapphire Banking limits are $100,000 per day. + +**Fidelity** + +Wire transfers have a daily transfer limit of $100,000. Electronic funds transfers have a limit of $100,000 per transfer, and a $250,000 per day. + +**T-Mobile** + +Daily transfer limit: $3000 +Little story time: + +I discovered Bitcoin at its infancy, in 2009, via Slashdot. At the time, I saw it as a funny stupid think (magic Internet coins!) and downloaded the wallet and, being the nerd I am, mined some blocks on my puny 2011 CPU at my parents computer. I actually mined A LOT of blocks, since I forgot I had the miner running. At 50 BTC per block, we are speaking about hundreds of Bitcoins, with no pool involved! Then, another day, I saw another Bitcoin article on Slashdot and one of the comments said he would buy Bitcoins. At the time, I didn't really think Bitcoin was going to be anything more than a funny experiment so, via Paypal, I sold all my coins to this guy (who I thought at the time must be stupid). This allowed me to pay for some small holiday with my girlfriend. I also stopped mining. + +Had I kept 10% of my stack, I would be fucking rich today. + +Jump forward to 2013 and I read about Bitcoin crazy volatility. Well, I said, where there is volatility there can be profit, so I started trading Bitcoins and doing some nice gains. At some point I stopped trading in [bitcoin.de](https://bitcoin.de) and kept around 500 BTC (most of them earned trough trading, I bought maybe 100 at an average buy price of a whooping 9 euros) for some time, but when they reached above 30 euros about a year later, I decided to sell them to get a nice new car. + +Had I kept 10% of my stack, I would had a VERY comfortable financial independence today. + +I went back to Bitcoin in 2017 and have been DCA'ing since them (both in Bitcoin and other coins I really like technologically like Ethereum, Monero and Nano). I sold a little of my stack in this bull run mostly to cover my investment in my latest three years and have a little personal reward for painfully HODLing trough the ice age, but I still keep most of my stack. This time my moon is clear and ambitious: financial independence and not having to sell my work to others, which I estimate I can reach, before taxes, with about one million euros. I'm very, very far away from that target but I have high hopes for the next post-halvenings so I continue slowly buying. Anyway, I learned from my errors and even if I reach that target I'm NOT selling everything again. Will kept 10% of whatever amount I have at least until some huge necessity required me to sell it. + +**TL;DR never sell all your stack, no matter if you think you have reached your personal moon.** +I don't often start new threads but I had a easy day at work today and spend day on Internet coming to this conclusion. + +FIRE scene has hit a wall. I feel like everything that could have been possibly said about FIRE has been said already. MMM went from posting 3 posts a week to posting 1 a month, RootOfGood post mostly state of finances updates, ERE hasn't written a thing for ages. Other bloggers also reduced amount of post per month. + +Every new book is just repeaten over what we already know and brings almost nothing new to the table. + +Even I myself was considering to start blogging for fun as a jurnal of my FIRE adventure but then I realised I would bring absolutely nothing new to what has been said already. + +Does anyone else feels the same? Don't you all feel like there is nothing else that can be said about FIRE and conversation has run out its course and there is no new angle and nothing else of value to add apart of all of us just posting monthly updates? + +Don't get me wrong I love FIRE and I'm motivated more than ever but just feel a bit sad that it appears that years of heated up debates and jaw dropping moments of realisation in something new are behind us. + +Feel free to show me how wrong I am and how much more there is to discover. +Yesterday my wife and I (43 and 46 since today ;) had a long discussion and brought forward our FIRE date. +Initially it would have been 2023 but now it will be end of 2019. Main reason is the 'anything can happen and we will not be able to enjoy the fruits of our work'. + +In the last few months a lot happened health wise in our family. I got a nerve palsy (without any realy reason) which made walking longer distances or climbing stairs very hard. Now after 3 months it is slowly getting better. My wife got a cyst in her ovaries, my cousin had a stroke, my other cousin got breast cancer, my mother was in hospital for the first time since 40 years because of back pain and so on. Too much happened. + +So we crunched our numbers (we should be at 1.4 mio Euro - mostly in real estate) and we prefer to live our life now healthy instead of more luxury in a wheel chair. And we will be in Thailand most of the time so costs will be lower anyway. And as we do not have chrildern we can also use up a big chunck of this money. + +We will continue with our plan to buy a 2 bed 2 bath condo in Thailand end of the year or beginning of 2019 and then when we sell our house in Germany we will buy a house in Thailand. + +One more year of work (freelance programmer but with a contract until end of next year) and then only reading, playing video games, riding my motor bike, flying some drones and more video and arcade games. And hopefully there will by a group of people who enjoy board games. No more stress! + +Thanks for listening ;) +I saw the posts over the last 1-2 weeks from other Ally bank customers receiving sketchy phone calls and I think I would’ve caught on anyway, but as soon as I got a call from “Ally Bank” I was suspicious. Given that my suspicions were right, I thought I'd share since there were some contradictions in the recent posts about Ally scam callers. + +Basically, early Tuesday morning (3:40 AM) a charge was made on my Ally debit card for around $15 for a Lyft ride. I was sleeping and have never even used Lyft, so it wasn’t me. I’m not sure how or where someone got my card information, but it happens and we’ve yet to transition to never using our debit cards. It is what it is. I used the app to turn off my card, but before I could call Ally I received a call from “Ally Bank.” + +A man from “the fraud department” at Ally asked to confirm he was talking to [MY NAME], I said yes, he asked if I had time to go over fraudulent charges on my account, I told him no and hung up. I then later called Ally, had a new debit card sent out and then was told I’d have to wait to dispute due to it being a pending charge. An hour later it went through from being pending and two declined charges of around $17 from Lyft showed up. Yay card controls? So I called Ally, started the process to dispute the charge (which was credited to me today and I’m super impressed how quick they took care of that, just to praise Ally for a moment). + +However, I’ve continued receiving calls from “Ally’s fraud department.” Most of which I’ve just ignored, or answered and said the same “no, I’ll call back.” + +Now, I was pretty sure this Ally guy (same guy called every time) was a scam and was never going to give him information anyway, but some things had me wondering if maybe it was actually Ally trying to talk to me given how persistent it was. Most important thing to note though is that the number he called from was spoofed as the Ally bank customer service number. + +Each time I told him that I’d hang up and call back, I’d get a “oh, no ma’am no need to call back. We’re in the fraud department so you can’t just call in and talk to us.” Super suspicious. He asked for my bank user id, to which I said “why would I give you my login information over the phone” and his response was “No ma’am, not your login information just your user id to verify your identity.” Uh, sure, ok dude. + +Wanting to verify my suspicions and also let Ally know about the situation, I called their line today to confirm it wasn’t them calling and… yep, it wasn’t them. The calls I’d been receiving were in fact someone impersonating Ally. Who apparently knew about the odd Lyft charge on my account and may have been connected to it (or it was a real crazy coincidence). + +Just figured I’d share this so people are aware to be cautious - of course, you really shouldn’t ever give information to anyone on an incoming call. Live by that rule. Hang up and call your bank. Even if you know you have fraudulent or suspicious account activity, even if they keep calling over and over - don’t talk to them. Just call back. If it is legit, it won’t be an issue. + +--- + +TL;DR Had a charge to my card that wasn’t mine, handled the dispute by calling Ally and they confirmed they never contacted me, got 6 calls over 3 days spoofed to be from “Ally Bank” saying it was their fraud department, confirmed with real Ally that they weren't contacting me. **Moral of Story: Don't give information on incoming calls, even if you know you have fraudulent/suspicious account activity. Just call the known number for your bank/the number on the back of your card.** + +**Edit to add:** Figure I'll take a moment to remind everyone reading this to talk to your family and friends (especially those that are elderly as they're the most susceptible) about scam calls, emails, etc. and teach them to have a healthy suspicion. Taking some time with them can save a lot of suffering and it is the best way to combat this stuff. +As a background, she died after an 8 year battle with colon cancer. She did not leave a will. We are in the USA. She had handled all the finances for her and my dad, and I've been financially independent for about 16 years, but I moved back in with them to help out towards the end. My dad is 74 and has dementia and cannot do this himself. I am an only child and we have no significant relatives to speak of, just my dad and I, I have no kids or significant other. + +Since she handled finances, we didn't really know how much there was for sure. Turns out it's $1.1mil in liquid assets, in 5 accounts with the same bank, my dad is joint owner with her on all of them. Between their two retirement accounts, it's $2.2mil. another investment stock account is $133k. House and cars and stuff are probably another $400k. + +We're talking around $4mil in total. + +I've always lived a lower middle class life. Never owned a home and only cheap cars. Not really sure how to handle this kind of money. And my dad with his dementia certainly doesn't know, he can't even remember how much there is even after I've told him many times. + +The money is all my father's, I have no claim to it (and I don't need to, like I said I'm not hurting for money personally). But he can't manage it, and I'm wondering what I can do to help him manage it. He shouldn't have $1.1mil liquid in checking accounts, for example, that should be invested somehow right? + +I know many of you will mention getting financial power of attorney over the assets. Perhaps that is the best thing, but my dad is a proud man and he will not take that suggestion well lol. Is there some way wli can jointly manage it with him legally? + +Any advice appreciated, I've never had to deal with this stuff before. Thank you. + +Edit: Thank you everybody for the responses. I have read all of them, sorry if I didn't respond, but I appreciate the advice very much. Thanks for all the well wishes. And thanks mod team for keeping it civil. I will be calling attorneys this week. + + +My parents have kept their money in the bank for 40 odd years and essentially lost out massively to inflation in this time. They both have circa 150k cash each in bank accounts + +Initially I told them to move 20k each into a cash ISA at highest rate and move the rest into Marcus+ Kent Reliance which they did as at least that way they are getting some interest and I was scared putting such a large sum of money into the market + +I’ve personally been investing £750 a month of my own money into Vanguard ISA - Global All Cap + +However the more and more I read (read Smarter Investing, this sub for a few months and listen to Meaningful Money podcast every day) - I feel this money isn’t “safe” in cash ISA/Marcus/Kent Reliance and could still be put to much better use invested into S+S + +If you were in my position (and I know a lot of this is to do with your risk adversity) - do you think it’s advisable to put the entire lot into the Global All Cap fund and reassess in 10 years or so - or if I am more conservative /less risk adverse would it be better to pick one of the LS Retirement funds/ LS 60 or 80 so that I have bonds to temper the volatility of equity? + +The other question was regarding a personal pension - my parents are not financially savvy in the slightest and are unaware of things like inheritance tax and previously have assumed everything they own will be distributed to us( children). From my understanding money in a pension is held outside the estate and so is not liable for any IHT . I also am aware at a very basic level about things like the 40k allowance (if earning above this amount) - so each of them could potentially put 40k into a SIPP per tax year (plus unused allowances for last 3 years) which is double the ISA allowance however I need to do more reading regarding the tax relief on this and how drawing it down works /how to invest in the same fund via a SIPP as it is outside my knowledge zone + +Thanks for reading and let me know what you think! +[https://www.yahoo.com/news/renters-across-us-face-sharp-100011129.html](https://www.yahoo.com/news/renters-across-us-face-sharp-100011129.html) + +So is everyone becoming predatory now? I don't get it. +How does this benefit the landlord and if the coverage only protects the tenant? + +Any pros to the LL? Doesn’t the owners property insurance cover any building damage? +I'll be straight up, I'm in this to get rich, to afford my own home for my family, I invested a bit in the bull market of Dec 2017, and just sort of HODL'd and forgot about it. + +My gains have x2 but I only put in a tiny bit to begin with. + +I see stories of people who had put in $500 in Shibu back in August and now worth $5million+ before the recent drop. + +But how do you find out about these coins before they've already popped up on places like here, by then it being too late to make any significant gains anyway? + +People say to DYOR- but where do you begin? There's hundreds of ALTcoins, and there's no time. I work 2 jobs. For us working folk, time is a commodity. Unfortunately I don't have enough of this commodity to spend it. + +Is it just pure luck? +There’s the well-known “normal” stuff (e.g. nanny, housekeepers, personal chefs). + + +What’re your unusual tips for making childcare easier (and hopefully making sure you raise decent humans)? + +I’ll go first: hire academically exceptional college students as tutors. For some reason the kids will listen more closely to the “older kids” than the parents. +Any successful full time day traders with ADHD? I’m guessing those who do have ADHD only scalps? I can’t sit around hours on and just stare at the monitor for even two hours let alone all day. How do you guys deal with it? +I guess this would be scalping. I have a very pedestrian setup which I deserve flack for: Using a $30k account on Robinhood to scalp quick moves in the SPY. I purchase near the money, 0-3 DTE, basically whatever has good volume so I can get in/out quick. It feels like gambling, but I basically just watch the price action and try to determine a trend, current psychology, what the bigs mm's, want you to think etc. I was 5 for 5 today and made about $3500 but I could see how this could bite you (i.e can't get out of a trade). I wait for mini pullbacks and then would buy in at around $1.40, sell at $1.50 -- 100 contacts for $1000 gain. + +Any advice from people who use this strategy, concerning IV, volume, or platforms. I know RH is the worst but I like the interface +Pretty much everything is explained in the title but happy to answer questions. I can’t find anything online which makes this clear for me and I don’t want to be out of pocket for money I didn’t get given. +Would anyone be interested in real time monitoring of trends for stocks? This is a beta screenshot from something I am working on. + +[Beta Screenshot](https://imgur.com/a/leymWI7) +This is Binance's latest explanation on why the withdrawal fees are so high for ERC20 token: + +> In order to address this, we must first look at the Ethereum blockchain. This image (http://prntscr.com/hyrjmm) shows the growth of Ethereum transactions since the release of Ethereum. You can see that recently there has been an exponential increase in the volume of transactions occurring on the Ethereum Blockchain. What this means is that transaction fees are very competitive right now. If you want your transaction to be prioritised, you are required to pay higher miner fees. Our dynamic system is configured to set the fees to the equivalent of 0.01 ETH/ withdrawal. This amount does not change based on the quantity you withdraw in one withdrawal because on blockchain, a $50 transfer paying a $5 fee is treated the exact same as a $500,000 transfer paying a $5 fee. + +https://np.reddit.com/r/binance/comments/7qxig5/binance_updates_and_suggestions/ + +However, when we check the fees at https://ethgasstation.info/index.php, the fees are not as near as high as Binance claims. So Binance is effectively gouging its customers. And worse, you can't even bring any discussion about "fees" in r/binance/ or your thread gets removed by the Automod. +Hello Apes! + +Another ape and I had it in mind to post something like this, so here we are! Not just Ape no fight Ape, Ape Help Ape. WAGMI. + +I’m just acting as the messenger, hopefully I can make everyone's day better as well. No one has to be struggling or feel alone. + +-- + +Hello all, so this has been getting a good reception and helping people in many ways, and I'm just so happy for that. Last one got buried a bit so I thought I'd try again as it seems to really be good for alot of people. Is everyone holding up okay? I know there's alot happening right now in the world, also with GME hype edging us all! + + 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! Cheers everyone 🍻. + +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 😄. + +Use your gut and ape help ape! WAGMI. And remember, 🩳🏴‍☠️☠️! + +🇺🇦 +Good Morning ! + +Well yesterday was a bit interesting. I can't be sure what exactly is promoting the SHFs to dump so much capital into shorting the current bullish trend. With $780m in puts this week it appears they are trying even harder to suppress the price action than they were last week, except the effect seems to be more limited. We are still well within our expected trend for the week. This could be another case of letting GME run last as they profit from or cover other short positions on the market to inflate margin requirements. I'm still expecting a breakout to the upside as bulls continue to maneuver into a strong gamma ramp for Friday. If the price crosses 200 solidly, we should just rocket up. Right now we are sitting right on max pain. + +*(A side note as I do have options positions, I may have to step away from reddit updates during high volatility. I will remain on stream and Discord live audio feed, I apologize for any inconvenience)* + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/on0b81/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +Although I can't think of a valid reason to be excited 1.39M volume is our YTD record !!! Thank you all for tuning in I'll se you bright and early tomorrow for another edition of the GME saga. + +\- Gherkinit + +https://preview.redd.it/t5pggg3lltc71.png?width=708&format=png&auto=webp&s=29b7aee02c3ac1d50d4819fc04998e5ca63d72d6 + +Edit 7 3:18 + +This volume is atrocious but at least we are near 180 . 1.24M Volume on the day. + +https://preview.redd.it/i0fb0ldzdtc71.png?width=1616&format=png&auto=webp&s=7d1b0629bb953d7b67f43b608d84884682e90e3c + +Edit 6 1:51 + +Double bottom bounce then- test VWAP -fail- more chop. Gamma ramp all set up, all we need now is shorts to buy in. + +https://preview.redd.it/uva49q98ysc71.png?width=1589&format=png&auto=webp&s=c2782537cebf01e64209f88da6f27f22256f626b + +Edit 5 12:38 + +Head and shoulders back down to bounce at 175 again + +https://preview.redd.it/8ukoobfijsc71.png?width=1613&format=png&auto=webp&s=6f8a479bee60307152a9331f8b69cc8deafa0f84 + +Edit 4 11:46 + +All bunch of brokerages appear to be down currently + +Edit 3 11:42 + +Nice bounce and volume uptick at 175, hopefully this continues + +https://preview.redd.it/lwghq0mdbsc71.png?width=1598&format=png&auto=webp&s=caac0507d1681d63f99e8dba5af6d686820be7b2 + +Edit 2 11:06 + +More chop on 180 volume is non-existent 100k shares sold for the dip down to 180. + +https://preview.redd.it/ugljwe0w4sc71.png?width=1591&format=png&auto=webp&s=2685690f734d57c03785c135c9593ddad14cf49f + +Edit 1 9:50 + +Volume super low price action sideways we had a small gap-up at up but not enough volume to sustain a push at 190 + +https://preview.redd.it/uxja5emfrrc71.png?width=1607&format=png&auto=webp&s=839db132a8a9efd088f615018c1da91453b586b1 + +# Pre-Market Analysis + +8:40am + +Volume pretty low right now at 10K with 35k shares available to borrow. I expect we could gap up again this morning testing 190-195 again similar to yesterday. + +https://preview.redd.it/l96reyrderc71.png?width=1610&format=png&auto=webp&s=480eeb4fff5fb09c71584e6b66395f7de4f4b362 + +MACD and Stochastic RSI still looking bullish on the 1D timescale. MACD itching to crossover and Stoch RSI trending to the upside after it crossed over last week. + +[Stoch RSI and MACD on the 1D](https://preview.redd.it/vj21p854drc71.png?width=1607&format=png&auto=webp&s=825c2135cefbcc4c20208cea631c09957482aa5d) + +Here is a snapshot of the expected long term trend for the week. + +[GME ascending triangle 1D timescale](https://preview.redd.it/pfnw2wxydrc71.png?width=2450&format=png&auto=webp&s=fbf54a151c817b263d7594c0b0e4c2b887ebcd04) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Take out cash in a mix of bill sizes in mid-December, have a box of small simple holiday cards and a pen in your car. It has been such a relief to be able to quickly write a card or over-tip people in my life for the holidays without a second thought. I did this essentially by accident this year and plan to do it every year going forward. +I currently have $50 of clothes sitting in my online shopping cart. I spent the last hour trying to decide if I should fill the order or wait until some later date, unsure if I really NEED new clothes. I just bought some new clothes last month, but before that I can't remember the last time I went clothes shopping. Since quarantine started, I'm spending significantly more on products for my home and myself instead of experiences with friends. My overall spend remains about the same, yet, I'm starting to really overthink my purchases. + +The thing is, $50 is something I can easily afford. I recently got a promotion at work and have nearly doubled my salary in the last year. I've gone from saving a couple hundred per month to a couple thousand. Since then, I've bought furniture that in hindsight seems necessary, but previously seemed like a luxury. I upgraded my 4-year-old water-damaged laptop that seemed to work fine (if I was lucky enough to power it on) but now seems unusable. I've stopped buying regular orange juice and switched to fresh-squeezed because I love the taste, but now the regular orange juice I used to drink tastes worse. + +My question is this: how do you find a balance between enjoying your money while still recognizing and preventing lifestyle creep? How do you justify purchases are *actually* worth it? Everything I buy seems and feels completely justified after looking back over my credit card statements, which I check along with my bank statements almost daily. But somehow watching that adding total grow and having to pay the bill at the end of the month has me under constant mild stress. I feel moderately obsessed with achieving fire as soon as possible, and count everything I buy for myself as a delay. I understand that time is the biggest factor in compound interest, and even spending an extra few hundred a month won't significantly impact my fire date - but I'm afraid making easy hundred dollar exceptions could open the flood gates and start to add up fast. + +How do you stay at peace with your personal value system while on you're fire journey? +https://7news.com.au/news/lotto/top-lotto-winning-suburbs-revealed-did-yours-make-the-list--c-4952606 + +I've often wondered what lotto winners have on the economy. I understand as a whole every week everyone looses an amount to enter. (isn't the same smashed avo on toast theory at play here). + +But also someone is winning life changing amounts weekly. Isn't 1.3B a year enough to move the housing market for example as there are only a small (tens of thousands) amount of transactions made a year? +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Jul 24 2022): **172.38** + +---- + +→ Change from 2020 peak to now: **+25.8%** + +→ Change from all-time high to now: **-2.4%** + +→ Change from now for prediction to be correct: +**-60.3%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.2%** + +⇒ Average monthly change since all-time high: +**-1.0%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +I received some canned black beans from my food pantry a few weeks ago but I hate black beans so I wasn’t sure what I could do. On another post on this sub someone was talking about how if things are seasoned correctly then almost anything is edible. So I asked about the black beans and several people recommended that I rinse them off and season them like I would season my tacos. So tonight when I made my taco seasoned lentils I also did the black beans and mixed them together with a little enchilada sauce and some cheese. It was so delicious and I was so happy that the people here were able to give me such a great tip. So I just wanted to say thank you to everyone who helps here! Me and my children enjoyed a very delicious and nutritious meal. +Hello guys, I'm renting a double room in Harrow, London. I moved in last December. My landlord just messaged saying that he wants to increase the rent from £750 to £900 in December. That's a whopping 20% increase. I'm not bothered about the notice time frame but rather the increase percentage. + +I've read on various articles that a 2 to 5% increase is fair. What are your thoughts on this? Does 20% increase after a year seem right for a double room in zone 5 given the current economic and market conditions? +Hi, all + +I’m sure this has been asked before in other threads but I’d like to wrap my head around (and help others) with possibilities based on amount of invested money. + +I would appreciate if anyone could answer my questions below and share your opinion. Also please correct me if anything I say below isn’t correct. + +**What I understand so far** + +- Degiro protects cash in Flatex accounts up to 100k + +- Degiro protects assets up to 20k + + +**My doubts** + +- Is the 20k asset protection by client or by account? (I have a custody account for ETFs + active acc for stocks) + +- Is it correct to assume that assets should anyway be protected since they’re stored segregated from the broker? Only way for Degiro to f#&ck this up would be to go behind our backs and sell our stocks? + +- How safe is Degiro, really? I know everything comes with a degree of risk, but were there indicators in the past that Degiro might be shady in any way? + +- I have about 30k in Degiro and expected to double by EOY - with such amounts is it safer to go with IBKR? Is it worth the trade-off? + +Thanks everyone! + +Edit: formatting issues, posting from my phone. +What are your thoughts on Interactive Brokers' so-called Stock Yield Enhancement Program (securities lending)? + +Would be nice to have some feedback that looks beyond the marketing jargon and discusses the benefits and risks. + +https://www.interactivebrokers.ie/en/index.php?f=46942 +Hi! + +Beginner here, thinking about getting into investing. I've just spent a few long days digging through advice, reddit threads and ETFs, including scrapping most of the draft portfolio as I figured out U.S.-domiciled funds aren't an option because of tax reasons... Anyway. €100k, won't be touching the investments for at least 10 years. Looking for index funds, not individual stocks. 35 year old, moderate risk appetite. Based in Lithuania (so there aren't that many funds available, compared to the U.K., for example). What do you think about this? + + +|Fund|Ticker|Percentage| +|:-|:-|:-| +|Vanguard Global Aggregate Bond UCITS ETF EUR Hedged Accumulating|[VAGF](https://www.justetf.com/de-en/etf-profile.html?query=IE00BG47KH54&groupField=index&from=search&isin=IE00BG47KH54)|35%| +|FTSE All-World UCITS ETF|[VWRA](https://www.justetf.com/de-en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80)|15%| +|Xtrackers MSCI Europe Small Cap Index UCITS ETF 1C|[XXSC](https://www.justetf.com/de-en/etf-profile.html?query=XXSC&groupField=index&from=search&isin=LU0322253906)|10%| +|SPDR MSCI Europe Technology UCITS ETF|[SPYK](https://www.justetf.com/de-en/etf-profile.html?query=SPYK&groupField=index&from=search&isin=IE00BKWQ0K51)|8%| +|iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)|[QDVE](https://www.justetf.com/de-en/etf-profile.html?query=QDVE&groupField=index&from=search&isin=IE00B3WJKG14)|16%| +|Lyxor New Energy UCITS ETF D-EUR|[NRJ](https://www.justetf.com/de-en/etf-profile.html?query=NRJ&groupField=index&from=search&isin=FR0010524777)|3%| +|iShares Automation & Robotics UCITS ETF|[2B76](https://www.justetf.com/de-en/etf-profile.html?query=2B76&groupField=index&from=search&isin=IE00BYZK4552)|3%| +|iShares Nasdaq US Biotechnology UCITS ETF|[BTEC](https://www.justetf.com/de-en/etf-profile.html?query=BTEC&groupField=index&from=search&isin=IE00BYXG2H39)|3%| +|WisdomTree Artificial Intelligence UCITS ETF USD Acc|[WTI2](https://www.justetf.com/de-en/etf-profile.html?query=WTI2&groupField=index&from=search&isin=DE000A2N7NJ6)|3%| +|Xtrackers FTSE Developed Europe Ex UK Property|[XREA](https://www.justetf.com/de-en/etf-profile.html?query=XREA&groupField=index&from=search&isin=IE00BP8FKB21)|4%| + +By asset type / location, assuming my calculations are correct: + +|Type|Percentage| +|:-|:-| +|U.S. bonds|15.12%| +|Non-U.S. bonds|19.88%| +|U.S. stocks|31.38%| +|Non-U.S. stocks|33.62%| + +Some more points: + +\- I'm trying to combine both U.S. and non-U.S. assets. The U.S. market charts obviously look great for now, but this can't last forever. + +\- I've added separate IT funds instead of going all-market. Big believer in IT here, and I'm betting these will keep growing. + +\- Additional funds (new energy, biotech etc.) for some moonshot percentage and fun. + +\- Again, newbie here... There may be some completely idiotic allocations. Please be harsh. + +Thanks a lot for any comments or suggestions! +Hello, +I started investing one year ago only on S&P500. + + +Currently im looking to diversify my portfolio and I was wondering if it makes sense to choose VWCE and s&P500. +and what percentages should I put into? + +I currently invest 500 euros per month. +Hi, + +I have received a job offer receiving 2500€/month before taxes for an engineering role at Vlodrop, in the Netherlands. + +Anyone from here is from the Netherlands or knows the city in question? Is it a good salary? I tried to find information about the cost of living in Vlodrop, but failed to find any meaningful information. Please notice that I'm a recent graduate, so this would be my first job. I have a Master's Degree + So currently a own +\~90% in VWCE (Vanguard All-World Acc ETF) +\~10% in IUSN (iShares World Small Cap Acc ETF) +And my "strategy" is to buy in monthly increments and hold long time (>10 years) + +1. Will I benefit from buying a portion of S&P500 tracking ETF which would possible bring better returns +2. Would it be smart to own a portion in Distributing ETF so I get some of the dividends right away (and which one considering what I own already) +Based on u/Isthiswittyenough92's [earlier post](https://www.reddit.com/r/wallstreetbets/comments/kr98ym/gme_gang_we_need_to_complain_about_naked_short/), I just delivered a similar message via Tor/SecureDrop to several news agencies' tip line: The New York Times, WSJ, Financial Times, Reuters, Forbes, Bloomberg, and...BuzzFeed. + +I made it clear in the message that the SEC adopted the rules on naked short selling after the GFC of 2008, hopefully to get some journalist wet with click-baity anticipation, drawing a direct line of Wall Street incompetence from then to now. I'll either edit this post or create a new one if I get any replies back (depends on the reply). Will it makes a difference? I dunno, but I had to try. + +If we see any of these news sites posting something about this...you're welcome. + +Edit 1: no one has replied to my hot tips on illegal activity yet :/ +I’m a 29-year-old software developer with a comfortable job that treats me extremely well. But the work itself is very boring, I don’t like the company culture, and I hate not having creative control. Ever since I started my career 8 years ago, I’ve dreamt of working independently and releasing my own apps. I think I have the technical/design skills and resourcefulness to make it happen, if I just had the time. I’m not looking to make the next Uber or Instagram, just to release a few apps profitable enough to bring in a livable wage -- I’m looking for personal freedom, not to strike it rich. I’ve tried the whole “side hustle” thing, and it’s just not sustainable for me. My “real job" takes too much energy out of me, and I end up miserable. + +In 2015, I was stupid enough to put a significant percentage of my net worth into cryptocurrency. It paid off and I got out with around $250k in profit after taxes. + +My finances look like this now: + +* $286k in a “build wealth” Betterment account +* $79k spread across a couple 401ks +* $57k in individually picked tech stocks +* $17k left over in crypto +* $23k in checking/savings accounts +* $12k in a Roth IRA +* $6k in a traditional IRA +* No debts + +So that’s about $383k in liquid funds, $97k in retirement. $480k total. My salary is about $130k. I live in a high COL area and my expenses are about $36k/yr. I could significantly reduce those expenses by moving somewhere cheaper. + +Quitting and launching my own projects would have its own expenses of course, like software licenses, marketing costs, etc. But to start, I estimate that as less than $10k per year. So I figure my finances could be stretched for about 10 years. I’d reallocate my finances to a much lower risk portfolio, of course. + +I’m so much happier when I work on my own stuff, and the more I think about quitting my job, the more miserable I become with it. Life is short and I’ll regret not doing this when I’m young. Friends and family tell me it’s “not time to quit yet”, but I really don’t know what they mean. They’re just looking out for me, but are they right? Would I be an idiot to quit my comfortable job for such a huge risk? + +&#x200B; + +**EDIT:** Thank you all so much for the advice. I can't reply to all the comments, but I'm reading them all and appreciate it. There are a lot of perspectives here and I still have a lot to think over. I think for the time being, while we see how COVID pans out, I'll see how well I'm able to sustain my projects on the side. +After I heard this Planet Money podcast, I deleted the DOW from my stock app. I had *no idea* how useless an index it is. I knew that it tracks a relatively small number of companies (30), but I didn't know that they are represented in the index by share price ignoring market cap. One company going up a point might be 10x the percent impact compared to another company going up a point, but in the DOW a point just counts as a point? Really? Wow. Podcast worth listening to: http://www.npr.org/sections/money/2017/01/04/508261371/episode-443-dont-believe-the-hype +“Sorry, i’d like to go to the party but my personal risk tolerance for tonight is only two O’Douls” + +“Why would i buy options when I receive enough dividends annually to cover the maintenance on my ‘89 civic?” + +“I mean i could afford a nice 2 bedroom home but renting a studio allows me to dollar cost average the rest of my savings. When my wife has her boyfriend over for dinner (I keep the pantry well stocked with rice and canned peaches), I just sit in the bathroom and play my switch until they are done. A worthy sacrifice for 1.7% yearly interest in my Ally account” + + + +EDIT: You’ve been banned from posting in r/politics +I was just researching mutual funds with high AUM ([https://imgur.com/a/oCgAiqw](https://imgur.com/a/oCgAiqw)) to find good mutual funds (using popularity as proxy of quality). If we leave out liquid funds, HDFC Balanced Advantage Fund is the fund with max AUM. +One reason I can think of is that it started in 2000, whereas some new popular funds like SBI small cap, Axis Bluechip, Parag Parikh Long Term Equity are from \~2010-2013. + + +The performance for the fund doesn't look very good (as per my little googling). + +Any other reason for this? +Happy to add more information later as needed. Trying to keep it short. + +\*Edited to add at the top because people keep missing it\*\* + +* Originally paid via paper check because Investors Bank did not accept any other forms of payment until Feb 2020. We did indeed set up online payments directly through Investors Bank & that made matters worse. +* Cannot refinance because the condo is under very heavy construction for the next 4 months. + +Mortgage company: Investors Bank + +My credit union sends our mortgage check automatically every month 5 days before the mortgage due date. Our February payment was seemingly lost. I called on Feb 8th to ask Investors Bank why the check hadn't been cashed. They told me they haven't received it. I voiced my concern, they said to just wait until closer to Feb 15th which is when I'd be assessed a late fee. + +On Feb 14th I called again because the payment never went through. Just a few weeks ago, they had finally created a service for electronic payments so we signed up so that we could pay just in time to avoid the late fee. We worked with the customer service person to make sure that if the lost check was found, that they wouldn't cash it. I provided the date, amount, and check number. I called my credit union and paid $10 for a stop payment on the check. + +February 25th, they tried to cash the original check that was sent in late January. On February 28th, they reversed the payment and charged a $30 bounced check fee. + +I called them yesterday to remind them that we already sorted this out, they said they'd call me back about providing a refund for the $30. + +I had to call today because through the online payment service, they charged me twice for my March 1st mortgage payment. I received two confirmation emails with two payment IDs. I called the number provided on the website and was told "The online payment system is actually a third party so we can't help you. I don't have their number so I'll have to ask around and call you back." I can't log in to the online payment system either - it says my username/password combo is incorrect. When I try to reset my password, it says username doesn't exist. When I submitted a request for my username, it gave me the username I tried... The only customer service contact info they provide is for the main bank... Jesus Christ. + +While I had her on the phone I asked her if there was a follow up on the $30 reversed payment issue. She said that they rejected the request for the refund because although the customer service rep took down all of the necessary info, they would still try to cash any check that they received, no matter what. + +So 3 separate issues - 1) a lost check that was attempted to be cashed when I made an alternative payment and 2) They processed my March mortgage payment twice through their electronic payment service and 3) They have no customer service number for the online payment service which they claim is through a third party, even though it's branded as theirs with their customer service contact info. + +Are these practices in violation of any rules/regulations? Can I report this somewhere where I'll actually gain traction? I've spent probably 6 hours on the phone with the bank over the past 3 weeks trying to resolve these payment issues and I'm losing my mind because it's STILL not settled. +I hear a lot of false ideas when discussing personal finance with co-workers. Feel free to share things you have heard and include a short explanation of the flawed logic if necessary. + +Maybe you will see one of your thoughts on here and learn something new! + + +Seriously. These people don’t even make money from trading options, they make money by selling courses and the occasional photoshop screenshot. I’m taking about people like Aristotle Investments. Complete scams and snake oil salesmen. They sell a ‘dream’ by posting pictures of luxury items, exotic cars and traveling that they achieved by trading options when really they achieved that by suckering hundreds if not thousands of people or more. + +If these guys could consistently net money from day trading options, they would have their own hedge fund or managing 9-10 figure portfolios instead of selling discord group chats or courses for $9.99. The classic idea of not making money by digging for gold but by selling the shovel to the gold digger. It’s disgusting - it’s one thing wanting to educate people on responsible finance and investing - it’s another thing teaching people who have ZERO knowledge on financial markets about bullshit like technical analysis and day trading trading options. + +I’m a firm believer that if you aren’t the type that knows how to conduct your own research outside of your confirmation bias and self educate at the minimum, you are going to lose money trading options. All of it. These guys are just setting people up to lose money. I’m blown away these people don’t get knocked out of business with lawsuits. Is it really as simple as just saying “not financial advice”? + + +So, what are your takes on these new Instagram/YouTube ‘investors’? There’s very few guys I think are actually good - such as MeetKevin and he doesn’t even really do anything other than voice his opinion on the markets and news for the day. +Let's say you're sick of full time work, but you're a few years away from FI. Work itself doesn't make you unhappy, but the obligation to be somewhere and be available at a certain time every day/week does. You're $300k short of your 4% FI number ($12k/year). What if you could make up for that shortfall and still (somewhat) maintain your time independence? + +My hypothesis is that a combination of freelance and gig economy work can close this gap and allow burnt-out RE-types with flexibility to leave full time work even sooner. Call it "semi-FI" or whatever. **I want to understand if others have done something similar to this, or if anyone is planning to, and if there are any shortcomings I'm overlooking.** + +Freelance/contract work is lucrative, but irregular, and often includes tight deadlines or lengthy obligations (e.g., 40hr/wk 3 month contracts). Gig economy work is low paying, but flexible, allowing someone to turn on and off the money spigot more or less at will. + +So let's say you have an FI shortfall of the aforementioned $300k ($12k/year @4%). You RE in January 2020. Fast-forward to June, you've made $10k on freelance gigs, but have travel scheduled off and on for the remainder of the year, preventing future contracts. Instead of trying to find a freelance gig, you pick up part time dog walking through Rover/Wag to plug that shortfall (Rover reports that part time dog walkers make \~$1k/mo, full time is closer to \~$3k/mo). + +Outside of plugging shortfalls, the other benefits I can see with freelance+gig work in "retirement" is that you stay somewhat relevant in the job market, and potentially have a stream of revenue you could ramp up if needed. +My mother just informed me that my grandfather asked her for my daughter's social security number because he wants to open up an account. My grandfather has had a shady financial record and I honestly don't trust him. He has been dishonest in the past with family affairs. + +A big red flag is that when his wife dies (probably soon) he will be kicked out of her house. I don't know, but I assume he doesn't have a ton of extra money to spare. + +My gut tells me to tell him no. I was wondering if there is anything harmful he could do with this information. My wife and I are the only ones who know her SSN and don't plan on sharing. Am I crazy? +http://monetarywatch.com/2016/06/confusions-delusions-illusions-62-americans-less-1000-savings/ + +I know the road to FI requires certain sacrifices, and a whole ton of patience. This article was a great reminder to me of what it is all for. I've read this a few times because it goes into some good detail and for me read more like a horror book than anything else. We all have friends and family that fit right in with the demographics mentioned, so I think this hits home for a lot of us (American or not), especially when we are personally working toward FIRE. + +The part that got me the most was in the retirement section. I can understand not having a ton of cash sitting around in a savings account if you have it distributed across other types of accounts or low-risk holdings, but this was crazy to me: + +> When you realize the typical household between the ages of 35 to 54 has less than $10,000 saved for their retirement, the mass delusion becomes clear. How could Boomers, who have worked for 30 to 40 years, and experienced the greatest bull market in history (1981 – 2001) have only $12,000 of retirement savings as they approach retirement? + +I recently had a family member say to her father (when asked if she had any savings after they bought a brand new car with no down payment), "No we don't have anything saved. It's impossible to save these days. Nobody does that anymore." + +That has been stuck in my head for weeks, because I think many people have that belief. That "saving" is something that baby boomers did and it isn't something done in our culture anymore. Thus the closing statement resonated with me in that respect. + +> “The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives, that they do not even struggle or suffer or develop symptoms as the neurotic does.” They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.” – Aldous Huxley – Brave New World Revisited + + +Whether you agree with what I said, I hope you have the patience to read all this article I wrote. I think the financial crisis in the United States may be simmering and preparing to break out. Compared with inflation in the United States and the Fed's shrinking balance sheet. I'm more concerned about U.S. corporate debt. Due to the Fed's unlimited quantitative easing policy, low-interest rate loans, and financial easing conditions in recent years. This happen has led to false prosperity in the financial market in the United States in recent years. Many companies have a lot of "leveraged loans" behind these fake financial bubbles. + +Clear regulations in the United States do not regulate these leveraged loans. Leveraged loans are not subject to a standard exchange market. Under normal circumstances, the bonds issued by American companies are issued in accordance with the management and supervision stipulated by the government to issue bonds according to the credit equality given by the bond credit rating agency. However, companies can directly borrow money from financial institutions to obtain leveraged loans in terms. In a sense, leveraged loans are shadow banks that the U.S. government cannot effectively regulate. The survey in the U.S. Federal Reserve report does not know precisely how large these leveraged loans are now and how catastrophic the impact on financial markets will be. Because these leveraged loans are not effectively regulated, this means that many companies can expand and borrow as much as they want. In the past two years, the big bull market in the U.S. financial market, including the stock market. Since the market interest rate at that time was very cheap, I believe that many companies (including zombie companies) took out leveraged loans to buy back their own company shares, possibly to company pay interest dividends or invest in other stocks, or do other things. The unprecedented rapid growth of the bull market in the past two years is not necessarily caused by unlimited Q.E. but may also be caused by the use of leveraged loans by these companies. These corporate actions have created a serious potential bubble in U.S. financial markets. Because the Federal Reserve has raised interest rates seriously this year, the scope of interest rate hikes is believed to be far beyond the market and many people's expectations. This rate hike by the Federal Reserve puts a lot of repayment pressure on companies that take advantage of leveraged loans. Because leveraged loans are floating interest rates, not fixed interest rates, therefore, these leveraged loan interest rates will soar with market interest rates. A recession in the U.S. is now evident. In the current period of economic recession and high inflation, the consumption power of many people is significantly reduced, which will also lead to the operation of many enterprises will become worse. This means that the repayment ability of many companies that have borrowed leveraged loans, coupled with the sharp rise in floating interest rates, makes many companies unable to repay these leveraged loans and interest. Therefore, this may also cause the company's capital chain to break, a large number of loan defaults, and corporate bankruptcy. Once the company goes bankrupt, it will further form a large wave of unemployment and bring a more serious blow to the U.S. economy. And the Fed will be caught in a dilemma at this time. So is the Fed going to continue raising interest rates and shrinking its balance sheet to curb inflation, or does it choose to cut interest rates and quantify indefinitely to save the market at this time (but this will further increase inflation). + +Another issue worthy of attention is that the scale of leveraged loans in the United States is large enough to trigger a global financial crisis. It's bigger than all the combined high-yield (junk bonds) in the U.S. That is, how big is it? This leveraged loan may add up to more than 10% of the debt of all non-financial corporations in the United States. So what is the concept of over 10%? We can now think of the subprime mortgage crisis of 2008. That crisis was a financial crisis caused by subprime lending. If I remember correctly, the size of real estate subprime loans at that time was about 600 billion U.S. dollars. The entire U.S. real estate loan was about 9.3 trillion U.S. dollars at that time. As I recall, such a scale only accounts for about 6% of real estate loans. And this leveraged loan scale is as large as more than 10% of all corporate debt. So from this loan situation, you can see that it is worse than the subprime mortgage crisis in the United States in 2008. And the scariest thing, and what worries me the most, is that its history repeats the same behavior that triggered the subprime mortgage crisis in 2008. + +Financial institutions package these leveraged corporate loans as an asset Securitization financial product called "(Collateralized Loan Obligations)" to be sold to investors around the world. To me, it's no different from the "(Collateralized debt obligation") that sparked the 2008 subprime mortgage crisis. One is from real estate, and the other is from companies. They all pass the risk on to the investor in the same way. Due to the Fed's unlimited quantitative easing and low-interest rates in recent years, I think the scale of these leveraged loans may have exceeded 2 trillion. 50% of them are packaged and sold to investment institutions around the world, and the other 50% are packaged and sold to retail investors across the globe. The Federal Reserve has been actively raising interest rates and shrinking its balance sheet, coupled with the severe recession in the US local economy, including rising inflation and a decline in people's purchasing power. This will inevitably result in many companies being unable to repay these leveraged loans. Then it will cause a butterfly effect similar to the subprime mortgage crisis in 2008; it is most likely to be the same as the CDO at that time, a more global severe crisis caused by the CLO. + +In 2020 when Fed starts QE to save the market. I calculated and think that the Fed should begin raising interest rates and shrinking its balance sheet at the beginning of 2021. Because at that time, I felt that if the Fed did not start growing interest rates and shrinking its balance sheet, then the next year would inevitably lead to irreversible and completely out-of-control inflation so that the country would experience an economic recession. Because I understand the industrial structure of the United States very well, and I know very well that the new coronavirus, an RNA virus, mutates very fast, and it is difficult for humans to control these extremely fast mutating viruses effectively. Therefore, these viruses will affect the efficiency of industries and supply chains worldwide. Once there is a problem with the supply chain, it is difficult to solve the problem of the country's employment rate. Especially for a country like the United States that relies on imports, once there is a problem with the supply chain around the world, the goods in the United States cannot keep up with the printed money, which will further cause inflation. Even if the government stops issuing relief funds, it will not solve the problem of people's employment because the virus's substantial spread and mutation speed has fundamentally hindered the normal development of the country's supply chain and production efficiency. However, if printing money indefinitely and the supply chain cannot keep up, it will inevitably lead to unprecedented severe inflation. + +To solve this kind of inflation, aggressive interest rate hikes and balance sheet reductions are likely to be ineffective, which will only further aggravate the country's economic recession and face difficulties for a large number of companies. Now raising interest rates and shrinking the balance sheet will trigger the Great Depression; not raising interest rates and choosing quantitative easing and low-interest rates will continue to fuel inflation. If we want to solve this kind of problem, we can only have a major world war, transfer all domestic economic contradictions, and let all countries' wealth be redistributed to our own country. This may solve the various recessions and inflation in the United States this time. But I believe that in the atomic bomb era, I don't think any country would dare to take this road. So I thought then that the Fed wasn't unaware of this kind of thing and it is impossible not to consider these issues. Because I was too confident in my judgment, I also tried to start shorting the entire US stock market at the 2021 position. But it turned out that I was too naive and too overestimated the Fed's decision-making and responsiveness. I didn't expect that the Fed not only did not start raising interest rates and shrinking its balance sheet at that time but instead printed trillions more. This shocked me a lot and let me lose some money from shorting. But when the Fed did this, I realized that the Fed was going to ruin the country again. + +In 2008, the Federal Reserve almost destroyed the country at that time. Because of the too-loose housing market and financial supervision, plus the Fed's indecisive response to the bailout. Many Americans blamed Wall Street, believing that it was all Wall Street's fault. But I think Wall Street has a lot of responsibility for this sort of thing, but the Fed and the SEC have more considerable responsibility. This time, the Fed and SEC have one thing in common that happened in 2008. That is, the Fed did not choose to rescue the market earlier at that time, and its indecision there led to the bankruptcy of Lehman, which led to a global financial crisis. This time, the Fed did not choose to do so when it was supposed to raise interest rates and shrink its balance sheet in early 2021, and it continued to increase unlimited quantitative easing. As a result, it will lead to more giant bubbles in financial markets and inflation that will spiral out of control. Once inflation is out of control, it will be accompanied by an economic recession, which will be accompanied by a decline in the consumption power of the masses and a decline in corporate earnings, even to the brink of bankruptcy. Coupled with the fact that the Federal Reserve chose to aggressively raise interest rates and shrink its balance sheet at this time, it has left companies unable to pay interest on loans and have no ability to repay their loans. Then it is very likely that the default on those leveraged loans will lead to a global financial crisis caused by the CLO. In addition, this time, the SEC did not supervise effectively where it should be, as it caused the subprime mortgage crisis, but today they do not supervise leveraged loans. So I believe that CLO will definitely cause a worldwide financial crisis due to leveraged loans. From now on, the credit risk spread of CCC-rated companies is soaring rapidly, and I believe that the interest of leveraged loans is soaring rapidly with the aggressive rate hike by the Fed rate hike. + +As these conditions continue to get worse and worse, I estimate that the bubble will burst as soon as next year, 2023, and no more than 2024. I was hoping you could discover the investigation of leveraged loan bubbles to verify what I have written here is probably true and whether it may happen in the future. If anyone finds it possible, please go to the investment bank to short these leveraged loans to bet with the investment bank to build a similar CDS. I'm not a fund manager; I'm just a small retail trader and don't have the money to make a bet with an investment bank. So, unfortunately, this idea could not be realized. But I hope the people who could read this will fulfill this opportunity. **All of this I write is not investment advice.** Maybe I'm overthinking what's in there. But I don't want to give up either possibility. I'm not an institutional investment manager, and I have no way of intervening through the connections and privileges of an institution to get some detailed data that I can't find online. Because not all information can be found online, especially the data that financial institutions deliberately conceal. Therefore, it is necessary to conduct an on-the-spot investigation and some data that can only be obtained from this related industry to determine whether this bubble is real. I hope you can use all your contacts and abilities to investigate whether the bubbles I am talking about are possible. +In the past week, I have gone from having a perfectly functioning car, to having a broken windshield and a flat tire. + +Windshield was $500 out of pocket (I have high-deductible insurance) and the tires are another $500 after all installation fees and taxes. + +**$1,000 of unanticipated expenses in 5 days.** + +Now, I could have been cheap and just replaced the one tire that is busted, but since the emergency fund is healthy, I can replace all four (which will need to be replaced in the next few months anyway) and not have to deal with it twice. + +**OBEY THE E-FUND!** + +Edit: Since a bunch of people are comparing their experiences/prices of tires and windshields, I'll share a bit more info. I was set on replacing the tires I have currently because they've lasted 80,000 miles and I sure as hell will pay $100/tire for tires that last as long as these! As far as the windshield, you'd be surprised how much windshields on modern cars cost. $500 deductible was less than half the cost of the actual replacement windshield. +Growing up, my family has gone from rich to poor and then back to rich and then poor. Thankfully nowadays, my family manages. In debt but I don’t think anyone can call us poor. + +Maybe my experience growing has a lot to do with it but I feel constantly poor when I’m actually not. + +I graduated college a couple of years ago and have worked myself to a 60k/year job. More than most of my friends. + +I’m always able to save a big chunk of my paycheck every month but I constantly feel nervous that I can lose all of it in a blink of an eye. + +Like when my friends nonchalantly blow 100s of dollars at the casino or buy tables/bottles at the club, I sometimes envy their “Life is short” mentality. + +Recently I got into a fender bender that is going to cost me a grand to fix but it has been stressing me, where I feel like I’m gonna lose everything I’ve saved so far. + +My savings is currently at around 15k and everytime I fail to save an extra few dollars, I stress about it. + +I know I’m the furthest thing to being poor but how do you guys deal/how have you guys dealt with this mentality? + +I’d like to enjoy life a little more while still saving but I can’t seem to stop stressing even when I have a more than cushy amount of money saved up... +I am meeting with a real estate millionaire every week to learn. Those are the notes from the last session: + +&#x200B; + +\* Main number is the revenue versus the purchase price of the house. + +\* This number is for the particular situation in Europe: 1000€ per month\*12 revenue per year times 40 factor, means price to pay for house is 400k. + +\* The second number is taking into account the condition of the house. If excellent condition, then buy also with a “times 60 factor” + +\* But, main number is key. If the revenue per year is astronomical in relation to purchase price of the house, then one would buy it no matter what + +\* Millionaire buys usually from pictures only, never seeing a house or stepping a food into the house to look for the conditions. Because the value of the house is the revenue per year. + +\* Millionaire makes net profit returns of 3.5% – 5% for his investments on average. As personal income after taxes. Please note that this includes all expenses, but does not include the value increase over time of the houses, which would be another 1 to 3% profit extra on top. Those numbers only make sense for a capital city in Europe, in the U.S. and other parts of Europe the numbers by far better. Very high variance between the houses. One multi-family house makes astronomical returns because the area went up astronomical. He makes 200% profit for this house (200% of the purchase price as returns per year). TH other multi-family houses are only "so-so". He says it is luck which area "turns" in a city. + +\* Millionaire bought 1 multi-family house in 2 years. 3 deals made sense from the numbers. But the other 2 houses had missing construction permits, in a sense not 100% was lega. The final deal had the problem that the penthouse flat was too large to be rented out with good profit. But this was solved, in getting multiple university students into the penthouse. Also, the parents must co-sign + +\* Millionaire says, there is always a risk in buying real estate. You can always find out that something (like plumbing) fails. He likes to work with a plumber for a long time to build up trust. Then, if one of his houses has some bad pipe damage, he and the plumber will sell it as an insurance problem and let the insurance company pay, even in cases where it was wrongful construction and it is not a clean insurance case + +\* Millionaire says, if you rent out for 800$ a month, you always get many good tenants immediately to choose from. If you rent out for much more, you have 3 months of vacancy. And on the even more expensive side, it is hard to find tenants + +\* A major factor for him are taxes, like renovations used to be tax deductible over 10 years. New rules say over 15 years. But now he does not like to renovate, because after 15 years of deductions, things are broken again like the water heater. Thus, he does not renovate + +\* But without renovations, it’s hard to find good tenants in the rent controlled areas. There, he cooperates with construction companies. He rents the flat out to them, they put multiple construction works in one flat. Then he still gets decent returns in the rent controlled areas + +\* Millionaire knows how to judge a house from pictures and looking at the house. He says, a bad foundation is easy to spot, as it will show on the outside of the house on the top floors as there will be cracks in the outside wall. Very important is to look at the cellar, especially for water dame. + +\* Millionare prefers to not buy real estate on the ground floor (could be moisture on the walls) and not in the first row next to the sea (because of damage form the sea) + +\* Millionare says it’s important to know the area. He had an old friend that knew the city from the last 100 years, and knew what was in the area before the houses. Especially, mining pits / borrow pits are bad; as well as some very old houses are build with a wood fundament in water/mud. In Europe houses last 350 years or more. But those bad houses will not last as long. + +\* Millionare bought all houses and kept them forever. He said if he would have combined it with flipping, we would have made more, but for him it was his second job only, so he was lazy + +\* He said in the old days, they did a lot through networking and semi-legal things, like saying who get's the house before auctions in advance. Also, due to some factors it was easier in the past. Like at one point he got 14% interest on his regular bank account + +Please note, these notes primarily written to myself in second language English without editing. +This was the best sub I could think of and if there’s is an other one that’s better please let me know. + +So my dad came to me and shared his idea of pulling 300k from his 401k (accounting for taxes and not pulling 100% of it out) and use it as a down payment to buy me a house for around 400k if the housing market allows it come next year. He thinks there could be a crash. I kinda think so but I definitely couldn’t say. I already have a tiny place that I own and technically paying him back on right now. That part is a little complicated but the just is, my sister and I got a property together, she got the original house and my dad fronted the cash to build out little 700sqft place, and I’m paying back that money. + +He thinks it’s a good investment for me and my wife to be set up after he’s gone by having a home and renting the smaller 700sqft as a passive income. He has other money tucked away so it won’t effect him. + +Besides attempting to buy a house here in California, is there maybe other options to consider investing property wise? I just want to have other avenues lined up if he wants to invest if nothing opens up in our price range. + +Edit: I just wanted to ad for those still looking, he isn’t looking to do this any time soon. This was just an idea to implement maybe next year before he retires. If it happens it happens because it will come down to something becoming available in that small budget range. +We all know real estate is a safe, long time horizon business. Basically, you can get rich, it will just take a long time. I'm quite surprised as to how some developers such as Stephen Ross became billionaires from the real estate business? I have the impression that someone, starting from (almost) $0, can get to dozens of millions from real estate.. and that billionaires are usually built if 1) you build another kind of business or 2) you invest in real estate through multiple generations (family business) or 3) you get really lucky with early investments, such as what happened with Asian families whose city properties skyrocketed in values over the last few decades. But how did Stephen Ross and the like, while living in a non-explosive growth country like the US- build up a billion dollar company? +All I want is to buy a moderately distressed 2-3 br house, fix it up, live in one room and rent the others out. + +I have enough cash for a 20% down payment plus more in savings. + +I have potential houses in decent neighborhoods that have 0% room vacany. Rent for one room in these houses is more than what my mortgage would be for the entire house. + +I am handy and could do nearly all the renovations myself. + +I have a credit score above 780 and no debt. + +My personal living expenses are quite low and I only spend about 50% of what I earn. + +I have read books, forums, and consumed probably thousands of hours of podcasts on how to do this properly and responsibly. + +. + +. + +. + + +Apparently none of that matters. + +I work freelance and don't have any W2 income. I'm a creative and sometimes make 10k a month and sometimes make 0 a month. I made about 60k last year. + +So, no bank or lender wants to talk to me and certainly not for a reasonable rate. + +Meanwhile, my buddy and his wife bought a 100 year old house for 850k 6 months ago and they both quit their W2 jobs in the past 2 months but don't even have to report that to the bank. + + +I've just wanted to get my foot in the door for years but the stringent requirements on W2 income et al make it look like I'll either have to give up my life as a freelance creative or just never buy real estate until I can pay the full amount in cash. + +Very frustrating! +My partner and I bought a six unit rental property for $72k. The person who sold it was a flipper who ran out of money. The property is divided into two buildings and the back building needs a lot of work, floor to ceiling gut job. + +I received a contractor initial estimate to redo the back building for $177k, which seems insane considering the value of the property wouldn’t be that much! Any advice if I should sub contract the-work myself vs. hiring a contractor? +When I was out of work at the beginning of 2017 I decided to take the risk of investing some Christmas money into making my own laundry soap. It’s not a huge amount of money but when you don’t know when you’ll have money again it can be a huge risk. I’d heard it was much cheaper than conventional laundry soaps and I was looking for anyway to help ease the financial strain on my partner. I bit the bullet, went to get the supplies at my local Walmart, and I’ve never looked back. It lasted an entire year! It doesn’t leave any smell on my clothes (something I hated but if you enjoy and decide to go this route you can use essential oils to scent it). And it doesn’t even take up that much space. + +All you need to do is take 6 bars of Purex Fels-Naptha Laundry Bar & Stain Remover ($1.24 per bar or $7.44 total) and grate them. If you have or can barrow a food processor this makes the job a lot easier. Louder but easier. Now take your grated soap and mix it with 6 cups each of Arm & Hammer Super Washing Soda Booste ($3.97 a box) and 20 Mule Team Borax Detergent Booster & Multi-Purpose Household Cleaner ($4.47 a box). It’s recommended you use 2 tablespoons per load. Depending on your family size and activity level this could last you a year. Our household (myself, my partner, and a roommate) aren’t overly active people and I’ve found 1 tablespoon works fine. If you have a very labor intensive job or kids you might need 2. + +I got these prices from Walmart’s site as it’s the only place I can locally find these items. Sales tax in my state is 6.35% so it cost me roughly $16.89 to make one large batch of soap. You will have a small amount of borax and washing soda left. I roll mine over into the next batch but you probably could get away with using the whole box of washing soda (you’d be 1 oz short of the actual recipe) and an extra cup of borax and a bar of soap. Alternatively if you don’t have quite enough money to spare for a huge batch for $10.29 you can get a box of borax and washing soda but just one bar of soap and then buy more as you need it. It doesn’t change the total cost of the soap + +Edit: +1. I never mentioned I also have oxi clean which I use a small amount with the laundry soap when I do whites or spilled oil on my clothes. +2. There are comments that this recipe will damage your washer. There are also comments saying they’ve used this recipe for years with out problems. Please do your own research as washers can be different +3. For those asking if this is cheaper than X or Y option. I didn’t specify but this recipe makes roughly 384 tablespoons. That’s 4¢ per tablespoon. . +For those of you that attempted a startup or other form of entrepreneurship in your mid 20s on the way to FIRE and failed, do you regret it? I'm considering leaving the corporate tech grind to give it a try but I understand my chance of failure is high. If I try for 6 months and fail, it will delay FIRE by a few years. +Think about it. Today is when the head of the Secret Service starts "working for" Kenny. Which is total BS. Kenny is nothing more than an assignment for the Secret Service so he doesn't get Epstein'ed. + +My money is on the bet that the FBI approached Kenny a while back with the investigation and some of the major evidence they've found so far. They tell Kenny he's looking to go away, Madoff style. But remember, Kenny is on video saying he'll do whatever it takes to buy one more day. The dude practically got an erection when he talked about how many people he had to lay off back in 2008. So he cut a deal with the Feds to squeal on everyone he knows in order to stay out of prison for the rest of his life and be banned from participating in the stock market ever again. + +As part of this deal, Kenny requests the best security detail available, and justifies it by demonstrating just how much insider knowledge he has on securities fraud and the players in the casino. He has a legit concern for his safety but wants to keep everything hush hush so his associates don't get suspicious. My guess is that eventually we'll see news of Kenny "getting arrested" by the FBI and then he'll just disappear for a while. Maybe he'll make a few court appearances (for appearances) but he'll live under the shadow of "arrested by the FBI" then go live on one of his private islands or something. +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. +In 2007 as stocks formed their final peak before crashing during the 2008 global financial crisis everything fell alongside stocks. Even gold tanked and for six long months kept declining alongside stocks. + +But then a decoupling happened, after the inital panic where everything got caught up in a global sell off gold reversed and proceeded to rally very strongly for the next 4 years while stocks kept falling. After the initial 6 months of confused panic people woke up and started searching for a safe haven. + +Today we are already in a recession but people just dont realise it yet. Stocks have been falling since November last year, some individual stocks down 60%+, the nasdaq down 30% and the S&P500 just today confirming a bear market by falling more than 20%. And just like 2008 gold has been selling off alongside stocks. This time however so too has bitcoin, which just like stocks has been falling since November last year. + +History is repeating. + +Over the coming months all economic indicators are going to confirm that the world is in a global recession that started in November last year, and everyone will wake up. They will realise whats going on and start looking for a safe haven. Thats when gold and bitcoin will reverse and enter a strong bull market rally over the next few years while stocks keep falling and indexes languish down 70%+ from their November 2021 highs. + +Gold may double or triple in price seeing its market cap rise from $10T to $20T or even $30T. But bitcoin is starting from a much lower $500B market cap and as banks start failing and inflation runs hotter than expected btc will race to equal golds market cap if not exceed it. + +At a bitcoin market cap of $30T one bitcoin will be worth $1.5 million dollars. + +I expect to see gold and bitcoin both decouple from the declining stock market over the next couple of months as a recession is officially confirmed, both beginning a multi-year bull market rally that may last until 2025 taking gold to $5000 per ounce and bitcoin above $1 million. +now all the money I was shoveling into loans can go into savings! YAY! + +Edit: as requested, some numbers: +Starting balance was about $36k. I immediately knocked off about $3k of that upon graduation with some leftover scholarship money. + +I was paying it off for about 2.5 years total. + +During the first 6 months I only paid about $400 each month, give or take, depending on how much I could - I was working part time and living abroad and was pretty tight on cash. + +When I moved back to the USA I landed a pretty sweet job and was living with my parents for part of the time, and with roommates after that. + +I make $55k/year and I was paying anywhere between 800-1500/month at that time. + +I was able to use my yearly bonus (extra 1400) and some gift money from my birthday and Christmas to further speed up the process. + +They were various Unsubsidized Stafford Loans at 6.8% interest. + +Generally, as advice? I just lived like I was still a student even though I was making "professional" money. Yeah, I had to buy some nice clothes so I would look reasonable, but other than that - transit/biking to work, cooking at home, not going out too often, cheap travel (camping, road trips). Pretty much how everyone on this sub already lives, I guess. + +Hope that info helps! +I'm in a temp to perm role, not able to save anything and I only have one month's work of rent & bills in my account. + +I'm panicking. I fully intend to turn permanent but I need to make more money as a matter of urgency. I've started matched betting. +I'm in my late 20's, no children yet. I'm just thinking about the future and wondering what ya'll parents think about leaving your children money. + +&#x200B; + +&#x200B; +We plan to pull the trigger on our FIRE plan in a few months with a net worth of ~6.5M. The plan is to simulate expenses for the next bit and be fffreeee. The question for this group is should I work a few more years and get to 10m? What are the merits and differences in lifestyle at the 10m vs 6.5m level? + +About us: I just turned 40 and she’s 36 and we have 2 kids 5 and 3. The rough breakdown is as follows: + +1. 3m in real estate. 1.5 in rental properties that throw off 4K after the 50% rule, 1m in our primary (paid off), and 500k in real estate funds. +2. 1.7m in the market, mostly growth and tech +3. 300k in cash +4. 1m in crypto at today’s prices +5. 500k or so in VC, angel investments, etc at amount committed with a paper value much higher than that (probably 1.5m if all the valuations are realized) +6. Another 150k of after tax income coming in from work over the next 3 months +I teach high school and I talk about money with my students. I wanted to check my confirmation bias with the FI community, which I lurk too often. I had not seen the question in the search. +Thank you in advance for your responses. +With the Price Cap rise in October and all of the supplier exits this year, kicking people off their fixed tariffs onto the Supplier of Last Resorts (SoLR) variable tariff it's certainly hitting a lot of people hard. However I find the press reports pretty much from the demographic of people struggling, mostly because alot of the surveys and research done are by consumer groups and charities so I thought it'd be interesting to see views from a mix of demographics. + +For me, I'm pretty happy now with my large supplier (Octopus) sitting on their Price Cap tariff but our energy bills have doubled following falling off a 2 year fix. Whilst it's affordable, I don't like the idea of spending over £100 a month on energy so early next year we'll be looking at efficiency measures, especially if the prices don't go down. Seeing the daily cost on my smart meter is pretty disheartening and it's only going to get worse next year. Probably looking at installing solar panels and a battery to begin with and a heat pump maybe in the future. + +So I guess what I'm asking: +1) Have your prices gone up? Is this affordable or putting a squeeze on your finances? Are you eligable/making use of any of the support schemes/grants available? +2) Are you worried about future Price hikes? Especially the Price Cap going up in April? +3) What's your feelings about suppliers at the moment, do you think you'll switch to smaller suppliers once it's competitive again or is a larger supplier safer? +5) Do you have a smart meter? Is it helping or hindering during the crisis. +4) Have you recently, or are thinking about, investing in energy efficiency measures such as Solar Panels? +Earlier today I was finding myself really torn about whether or not to add cash to my positions thinking about how rates are increasing, p/e at all time highs, and an overvalued market etc. and I realized I am being overly hard on myself during a time when the market is extremely difficult to understand. + +It was only several hours later that I then realized that even being in a position to mentally think about stuff like this puts me and all of you in a very, very small percentage of Americans and the rest of the global population. + +By even thinking of investing even if it’s in ETF’s, we are light years ahead of most and for that I am grateful. + +TL/DR: don’t sweat the market right now and be grateful you are smart enough and brave enough to even be reading r/stocks +All the instructions are here : [https://www.reddit.com/r/Superstonk/comments/n625d4/how\_to\_vote\_with\_degiro/?utm\_source=reddit&utm\_medium=usertext&context=3&utm\_name=Superstonk&utm\_content=t1\_gzk14de](https://www.reddit.com/r/Superstonk/comments/n625d4/how_to_vote_with_degiro/?utm_source=reddit&utm_medium=usertext&context=3&utm_name=Superstonk&utm_content=t1_gzk14de) + +Since there is less than 24 hours left, I'd suggest you skip steps 1 & 2 and go directly to step 3. +I am the kind of person who tells a lot to my close family and my close friends and I have noticed a lot of "funny" reactions from them upon telling them about my plan. + +I have not gotten much into details and just told them that I realised I just wanted to save up every cent and be able to retire at age 40-45 at the latest (which is not even that crazy compared to what we can read here). + +Everyone has had the same reaction of telling me "Well, I hope you can find a job that will make you happy and you won't want to retire that early". + +I find it extremely bizarre that people's mind is so framed towards careers that a good career is litteraly the best thing anyone could achieve and anything else is nonsense. + +What are your thoughts and what were the reactions from the ones to whom you have told about your plans? +I have 400 shares of a very boring ETF that I'm looking to get out of. Normally I would just sell it and move on, but I want to get a feel for options with real money on the line so I sold an ATM call. + +There is literally no volume at all. There was 0 open interest, I sold one CC day before yesterday, there is still just my 1 open interest listed. + +I put in a limit order at the ask, waited a few minutes for a fill, modified my order down a nickel, rinse repeat until I got a fill. This is one of those situations where it's either Yes obviously I'm doing it right, or Oh heavens I'm an idiot. + +I have 300 more shares to go. Do I keep doing what I'm doing? +I called out ZM put credit spreads yesterday in the daily - https://www.reddit.com/r/thetagang/comments/ijunj5/monday_august_31_2020_daily_rthetagang_discussion/g3iw9rq/ + +Putting my money where my mouth is: https://imgur.com/a/CovbP5b + +I will turn these into condors on Thursday assuming ZM has option strikes > 650 +Anyone have any direct experience with this kind of scheme: + +[https://www.businessinsider.com/countries-where-you-can-buy-citizenship-residency-or-passport-2018-9](https://www.businessinsider.com/countries-where-you-can-buy-citizenship-residency-or-passport-2018-9) + +It is worth it ? Could investment be transfered in a more tax-friendly country ? + +Interested in hearing other people experience on the matter. +What are some FATFIRE-relevant investment ideas you've seen working that you think are misunderstood, underappreciated or often missed by others? (Assuming you're managing some or all of your wealth) + +I'll start: +- Buying T-bills directly from the government at TreasuryDirect.gov to avoid commission and understand more about the terms of what you're buying. +- The philosophy of "only invest in things you deeply understand how they work" and "double down big time on things you uniquely understand". This helps avoid "shiny objects", enables me to leverage the knowledge I've accumulated and have a competitive advantage in (for me it's tech - private, vc, public), and also leads to learning a lot of cool new things. +- Wealthfront direct indexing works very well for me and enables a broad exposure to markets and bonds without much work. +Alright you apes, listen in. If you’ve been on this sub for more than ten minutes, you know that there’s always somebody in every thread saying “lol, the ‘experts’ have been saying that for years. Just ignore them.” If you’re the one saying this, stop. + +Let me explain. Just because a predicted event hasn’t happened yet, it doesn’t mean the prediction is wrong. It’s a *forecast*. If somebody says “The evidence leads me to think that property is overvalued in Melbourne/Sydney right now and I predict a future crash”, the correct rebuttal is not “Haha, you guys have been saying that since 2001.” This is NOT a point in your favour. When a scientist says that the world will eventually start warming up, you don’t get to say “You’ve been saying that for ages lol.” Just because it hasn’t happened yet doesn’t mean it’s not *happening*. + +That’s not to say all these forecasts are right. The past justification for that forecast might be wrong – this is totally rational to point out. “When he made that claim, he thought X. This is wrong because of Y.” Or “The circumstances of his prediction have changed. He doesn’t stand by it today.” + +Property value is where I see this fallacy come up most often. But recently it’s been regarding Bitcoin. Personally, I’ve seen totally rational arguments discussing how both of these investments are overvalued. And I’ve read disappointingly few rational arguments against that view. + +LunaDoge is a fork of MoonRat and SafeMoon. Both projects have been audited by CertiK, assuring users that there is no backdoor in the code for the team to scam its investors. $LOGE is currently in it’s infancy and is only available on PancakeSwap🥞. + +Devs just did a huge buyback and burn. Marketing wallet was loaded up and now aiming for listing on Hotbit exchange among others! Big catalysts to come. The buyback and burn has now created a 100% rug-proof coin! (Don’t take my word for it check for yourself). + +Website: + +[https://lunadoge.finance/](https://lunadoge.finance/) + + +## Why does this token have Moon potential? 🚀🚀🚀 + + +💥 Buyback and Token Burn + +· Recent DAO proposal approved by holders + +· 50% of liquidity pool will be unlocked May 28th + +· Half of this will be locked again for 3 months + +· Half of this will be used to BUY BACK LOGE tokens + + +🔥 Hold and Earn + +· Every transaction incurs a 10% fee: + +· 5% distributed to hodlers + +· 5% permanently added to LP (currently $350k) + + +🔒 Liquidity Locked + +· Team tokens (24% of total supply) locked using third party provider DXSALE + +· 15% for 6 months, 5% for 3 months; 4.7% for 14 days which will be re-locked again + + +📝 Bi-weekly Token Burn + +· Every second week the team will burn 1% of total $LOGE supply from their own tokens + +· This coincides with team token re-locks. + + +👨‍👩‍👦‍👦 DAO Voting + +· Project is community driven + +· Proposals made by and voted on by holders + + +🔮 What’s in the Pipeline? + +· Hotbit and Ibank listing (in negotiations) + +· Cross-chain integration + +· Token farming + +· Partnership rollout + +· Community growth + + +Take the plunge and join the LunaDoge community today! Or wait until after the buyback and burn and finally have an anxiety free investment where you only need to worry about marketing execution and helping in building the brand. + +I’ll see you on the moon good sirs! 🚀🚀🚀 + +———————Additional Info————————— + +📱**Contract**: 0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +📈**Poo Chart**: poocoin.app/tokens/0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +🥞**PancakeSwap**: (11-13% slippage might be necessary) [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753) + +🔓**LP locked**: [https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f](https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f) + +🔓**Team tokens locked**: [https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677](https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677) + +🔓**Ownership renounced**: [https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e](https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e) +I bought a house in 2020 for practically a steal. New construction, 30k below market, and ~~2.5%~~ 2.25% interest. + +The other day I called up my mortgage company with some questions completely un-related to refinancing, and the first thing they said after looking up my details was "Oh, I see your account and we can help you refinance to get a better rate. I'm actually a home advisor, lets begin the refinancing process now". I declined then they kept pushing, "Ok, we can do the refinancing after we talk about your other questions" to "No worries, I will make a note on your account for us to call you back to refinance. How does tomorrow work?". + +Should I be concerned about this? Would refinancing be something actually in my benefit? or am I over thinking this? + +Also I'm well off financially and never missed a payment. + +EDIT: Thanks for everyone's advice. I'm standing my ground and wont be refinancing. Also slight correction, I just checked the interest rate on my statements. Its not 2.5% as I originally thought, its 2.25% +What we aren't seeing is that all this performance with FTX was very well planned a couple of months ago. They're driving our trust in decentralized curriencies out of the equation 'cause what they want is to set up the **Central Bank Digital Currency (CBDC)** in words of [Christine Lagarde](https://es.wikipedia.org/wiki/Christine_Lagarde) + +[The reality!](https://www.youtube.com/watch?v=kBVW9T3nxS8) + +I'm still thinking this was just an internal operation to demerit the real power of the cryptos. + +[OMG](https://preview.redd.it/ft2t957su37a1.jpg?width=960&format=pjpg&auto=webp&s=b0c56ac4d8c3a4081e9acf391d9bcb6b484df0d2) +So last time I inquired about switching investing strategy from growth to preservation at Fire; an overwhelming majority said they’re planning to keep their money in stock but set aside 2-3 years of living expense in cash equivalent. + +So this brings me to my next question. Has anyone performed a Monte Carlo simulation on this strategy? I think firecalc assumes 75/25 stock-to-bond mix. Is the result close enough? +>“…[M]y tendency has been to buy stocks, all a-tremble as I do so. Then when they show a profit I sell them, exultantly. (But never within six months, of course. I’m no anarchist.) It seems to me at these moments that I have achieved life’s loveliest guerdon – making some money without doing any work. Then a long time later it turns out that I should have just bought them, and thereafter I should have just sat on them like a fat, stupid peasant. A peasant, however, who is rich beyond his limited dreams of avarice.” + +--Fred Schwed, *Where Are The Customers' Yachts?* + +I was reminded of Schwed's quote when I read a [blog post](http://www.bankers-anonymous.com/blog/a-stock-growth-miracle-not-really/) about a woman who bought 20 (or 40) shares of $BA Boeing stock back in 1965 for $250. She then did nothing with those shares, certainly not selling them, and just let the dividends reinvest every quarter. 53 years later, she has 400 shares ^^^1, and her $250 investment is worth $134,800. The dividends alone on those 400 shares pay $2700 a year, or more than ten times her initial investment of $250. + + +You also have [Ronald Read](https://www.cnbc.com/2016/08/29/janitor-secretly-amassed-an-8-million-fortune.html), the Vermont janitor who bought stock in over 90 companies, and died with a portfolio worth $8 million. Read carefully researched the companies he bought, and if he didn't like how they were performing after his purchase, he'd stop buying that stock, but never sell it. Some companies (Lehman Brothers) went bankrupt, but some (like $PCG Pacific Gas & Electric) continued to split and grow in value even though he never invested past his original purchase, and used dividends to buy other stocks. Read bought for the long haul, and literally never sold his holdings. + +I think most of the traditional buy-and-hold investing approach advises to buy and hold for a 20-30 year long-term period, for the logical reason that most people are investing to provide a financially secure retirement, and most people work between 20-40 years before they retire. The buy-and-hold forever approach isn't looking at holding for a 30 year period to sell to fund for retirement, but to buy and hold for the rest of your life, using the price growth of the stock and dividends to help supplement your retirement income. Holding it forever makes your stock purchases a legacy of wealth you can pass on to future generations, though, so it not only provides you with an income source through retirement, but also secures the financial future of your family after you're gone (assuming they continue to hold onto the stocks and don't get greedy and sell them and blow the money, always a big risk). + +I've been reading recently about the struggle of the middle to lower class to get ahead and acquire wealth in today's economic climate. If you take the buy-and-hold-forever approach, you not only begin the process of acquiring wealth for yourself, but give yourself the opportunity to transfer that wealth upon your death, giving your kids and grandkids a big financial leg up. + +If you believe that investing is the process of buying stock in companies that you love and would be proud to own, a timeline of forever on your stock purchases is actually the logical approach. If it is a company you love to own, there is no reason to ever sell it. + + + +^^^1 Boeing stock has split 8 times since 1965, so a purchase of 20 shares would have become 1215 shares worth $424,873.35 as of today, and yielding $8327.52 in dividend payments. + +Hello, I acquired a 5 unit apartment using a commercial real estate loan during the pandemic. + +The numbers are pretty solid but when I did the loan, it was at 4% flex rate. I cashflowed around 3k a month on the deal after taking out all my cash outlay. Now... the rate is at 7.6%. I'm still cash flowing less but not catastrophic. However, I'll break even around 9.1%, which isn't that far away. + +What would you do? + +1. pay down my loan with a HELOC that's fixed at 3.5% for 3 years. I can pay around 80% off using the HELOC. +2. keep the current loan, it's cashflowing, who cares. +3. find another commercial loan with at fixed rate term or a rate cap. +4. get another HELOC at 3.5% and pay off the existing commercial loan (keeping my existing for emergencies and other opportunities). +We have a group of six of us (one is an experienced real estate agent) in the state of Missouri that are going to go after properties with tax liens this year. We've made the phone calls, know when the lists come out, where to show up for auction,etc etc. We understand the importance of due digilance based on HOA, other liens, perhaps the property is unbuildable, things like that. +It seems pretty cut and dry, but is it? I pay what they owe in taxes and they have a year to pay it back with interest or I get their property. Tell me your stories and experiences please. +Hi, all. First time poster in r/investing.Wanted to post here to share my thoughts and share what I collected about Corsair. I feel it's a great company to have moving in the future. + +Corsair Gaming (DD) + +Corsair is a very reputable company that has existed since 1994. CRSR are the leaders in making extreme high quality PC Components (RAM, Coolers, Power Supplies, Keyboard, Mouse, PC Cases, Gaming Headsets) and now venturing into Esports as a leading company. If you have built your own custom PC you probably have a corsair part in there. Extremely reputable company in the gaming world and known to be high quality and very durable parts with mostly high ratings. + +Corsair started its IPO at $17.25 per share in September 2020 having lasted 3 months. Since then it's current at $33.50 up 90% since inception. It's high point is 51.26 and now experiencing a pullback. where it's now valued at $33.50. + +Let's take a look at Q3 Results. Let's compare it to its established competitor: Logitech trading at approximately $85 + +Corsair (Year to Year Growth)[https://seekingalpha.com/article/4387552-corsair-gaming-inc-2020-q3-results-earnings-call-presentation](https://seekingalpha.com/article/4387552-corsair-gaming-inc-2020-q3-results-earnings-call-presentation) + +[https://ir.corsair.com/static-files/58b4afc1-54f5-4fca-9bd9-c155effabcf1](https://ir.corsair.com/static-files/58b4afc1-54f5-4fca-9bd9-c155effabcf1) + +Net Revenue: +60.7% +Gross Profit: +112.4% +Operating Income: +353.6% +Net Income: +2293.5% !!!! +Adjust Net Income: +384% +Cash Flow: 24.7million in 2020 vs 2.1million in 2019. + +Logitech: +Net Revenue: +73% +Gross Profit: +108% +Operating Income: +18% +Net Income: +276% + +Implications? Corsair is AGGRESSIVELY EXPANDING. Look at that operating income increase. They're meeting their expectations with their aggressive expansion Corsair is growing faster than Logitech in terms of raw numbers. Cash flows shows what a great health state it is in moving forward and how they pose as a serious competitor to LOGI (Logitech) moving forward. Seems like a good mid/small cap growth stock. + +We could go more into the numbers if you'd like using its PPT but the numbers look solid all across. + +Institutional Ownership:Corsair is 91% owned by institutions + +[https://fintel.io/so/us/crsr](https://fintel.io/so/us/crsr) + +Owned by JPMorgan, Blackrock, Citadel Goldman Sachs etc. + +It's a company that institutions believe in as they hold 91% of the shares!! The worrisomee is that comes with this is that there it's usually missing the volume as opposed to recently popular debuts like Palantir and Airbnb. A lot of long term investors are locked in (myself included) and there's little volume movement (1.5m on average), price is a bit volatile. + +The Catalysts: + +This black friday/Cyber Monday was different due to Covid. there was an increase in gaming supplies as countries are forced to lockdown and people have nothing to do. It's reported that most of popular Corsair products that went on Sale were sold out BF/CM and Corsair completely ran out of stock. $$$.[https://ir.corsair.com/static-files/10cfa2da-de15-40d3-aa82-31c9c7145e80](https://ir.corsair.com/static-files/10cfa2da-de15-40d3-aa82-31c9c7145e80) + +An excerpt: CEO Paul, “We believe Corsair is at the center of this growing trend with our wide range of gaming and streaming products. This last quarter was one with very strong demand, with many major retailers running out of stock of our gear. Our stock situation has gotten better but only a small part of Q3 revenue came from restocking shelves, with most gear selling as soon as they hit the shelves. We are ramping up our supply chain and manufacturing partners as fast as possible, and we expect to thoughtfully be growing our channel inventory during the next few months, as well as supporting the continued high demand from our end customers. We recently released our new flagship gaming keyboard, the K100, which at $229 is the best keyboard we have built. We also recently launched two new microphones under our Elgato brand, Wave 1 and Wave 3, which were sold out within the first few days of launch. We continue to launch exciting new high performance products at a fast clip, with approximately one new product per week.” + +Prior to the Black Friday/Cyber Monday: They were revising their 2020 outlook because they exceeded it by expecting Net Revenue from 1.616m to 1.631m and Adjusted EBITDA from 187m to 193m.With how they even did even better on BF/CM sales than they anticipated, expect higher results. + +This Christmas is no different. Cyberpunk 2077 and lockdown still in place in US/Canada and other countries, people going to spending money on Corsair products yet again. This is in part with increased streamers in Youtube/Twitch that corsair is heavily investing in in terms of investing in a program for people to enroll to learn how to effectively stream and we can expect great things for the company in the future. + +February 9 is the expected Q4 earnings. + +Corsair is in a good position to easily beat out ER. As they already smashed their ER in Q3 by 0.26!! + +Analysts Predictions:After Q3 Earnings the newest price target for analyst +Credit Suisse Group: $31 +Barclays: $45 +Robert W. Baird: $41 +Cowen: $37 +At least 7 Buy Ratings, None at Sell. + +For this website: +[https://www.tipranks.com/stocks/crsr/forecast](https://www.tipranks.com/stocks/crsr/forecast) +9 has a average price target of $38, with the tops being at $49. + +Analysts would say Corsair is slightly undervalued at the moment. + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**TL;DR Corsair Gaming is a company in a great position for both the short term, and long term and one of the ideal growth stocks moving forward. It's worth taking a good hard look and a stock that will likely more than pay off in \~2months + easily barring sudden bad news.** + +Edit: I'd be happy to answer any questions you guys have and critical questions also help me to see if I did my job right, so keep on coming :D! I tried to be transparent in my DD as possible.Also, I vouch for Corsair moving forward however, please do your own DD before making financial decisions! +https://www.nytimes.com/2017/12/28/technology/uber-softbank-stake.html + +https://www.wsj.com/articles/softbank-succeeds-in-tender-offer-for-large-stake-in-uber-1514483283 + +https://qz.com/1167616/uber-likely-isnt-the-worlds-most-valuable-startup-after-the-softbank-tender-offer/ +I started trading options 6 months ago and have made 500%+ trades multiple times, even a 1400% trade yesterday and a 500% one today. The problem I’ve been having is that I don’t know when to exit. I’ve lost it all and gotten wiped 3 times now, and currently up 20k from a 2k deposit in 2 weeks. If I had exited at the top, just twice in the past, I would have $10 million. Usually I buy 1-2 week ATM calls for soxl and recently switched to puts. Do you have any tips for how I can exit better? +Hey hey hey! Hey hey hey! Hey hey hey! Whatsawhatsawhatsawhatsawhatsawhatsawhatsa up TERRACONNECT! + +Hey hey hey everybody my name is Do Kwon and I am coming from Korea and let me tell you guys that I am so excited, I am so happy, I am really so thrilled to be right now sharing this amazing, glorious, super, and exciting moment of my life with all of you guys, and let me tell you that we are really changing the world as we know it, the world is not anymore the way it used to be, mmm mmm, No! No! No! TERRACONNECT! + +Wow! TERRACONNECT! We are coming and we are coming in waves! We are starting and we are watching go all over the world! We are pelting the entire world! Let me tell you guys that I started 137 days ago with only $25,610 and right now I am earning 20% guaranteed yield! Woah woah woah woah woah woah woah Whats up? + +And let me tell you that I am actually earning around one hun- I mean $1,400 on an every day basis, seven days a week! + +What? I am right now independently, financially independently. I am saying to so many people who say that this was going to be con artist game, that this was gonna be a scammer game, “Hey! You’re gonna lose all your money!” My wife still doesn’t believe in me! I’m telling him “Oh honey, this is real!” “Oh no no no no no, that’s a scam!” And I said “But wait I’m gonna go to the bank and I’m gonna get my UST and I’m actually gonna turn it into dollars, here there right on the table!” “No, that’s money you took from another account!” And I’ll say “What am I gonna do? Then I said to myself, “You know what? When I am starting to put $10,000 a day on her, right on her, you know on her table.” Then she’s gonna say “Woah!” Hahaha! Yo yo yo yo yo! “OK that’s real!” Hahahaha! + +So guys, I’m gonna tell you something. Faith and believe is the one thing that we will need to be able to change the world, and right now I believe that in this room, we have the seed that’s gonna germinate and is going to explode into an amazing opportunity for us to change this entire world. I am so proud, I am so honored, I am so excited to be here right now and let me tell you something, that each and every one of you has the opportunity to become like those amazing people that we know here from Vietnam. + +Hey hey! My group from Vietnam! Making so much money that it could probably that could probably have a real hard time counting it! Ha ha ha ha ha ha! So guys, let me tell you, I love, TERRRRAACONNEEEECT! +**WHAT IS NFT?** + +Non-fungible tokens (NFTs) are cryptocurrency assets on a blockchain in which each token is unique. Unlike cryptocurrencies such as Bitcoin, Ethereum, NFT cannot be exchanged but can be used as Art. Hence the word Non-Fungible. They can be bought on the NFT market and can get tracked on their blockchains. NFTs are created by uploading a file to an NFT auction market which produces a hash of the file on blockchain as an NFT and can then be bought and resold with cryptocurrency. NFT usually has very little data stored in it. But it contains details which are links to where Art about it is preserved. As an NFT buyer, you do not have exclusive access to the work also, the original file will not be in your possession. Anyone can upload an NFT work. You do not necessarily have to be the original artist to upload a file. Even though NFTs would be favored for their authenticity, over a hundred copies can be made from it and then sold. + +The NFTs artwork possesses similarities to autographed works because of its uniqueness. NFTs can be offered as collectibles in a digital form. Several popular brands have used NFT over time. In 2019, Nike created a system that would use NFT called Cryptokicks to verify a shoe's originality and translate virtual versions to customers. Nike's works proved that NFTs are not for digital arts only. They can also be used for regular utilities like; + +Video games, 3D images, 2D images, event tickets, blog articles, cards, tokenized assets that aren't virtual like lands, buildings, music. + +Although there have been serious controversies about the use of NFT due to its high energy burning during blockchain transactions, NFTs are still very much in use today. + +There are several ways you can make money with NFT. Let us start by showing you how to create an NFT. + +&#x200B; + +**How can you create an NFT?** + +The technical word for creating an NFT is "minting" it. To create an NFT, you should: + +Select your token standard- you can either use the ERC721, the token standard for the Ethereum blockchain, or ERC1155, the Enjin blockchain. The Enjin blockchain is very complex because of its properties which can allow for the creation of several NFTs. It also works well for the specification of NFTs. There are other blockchains that can be used like; + +Binance Smart Chain, Flow by Dapper Labs, Tron, EOS, Polkadot, Tezos, Cosmos, WAX + +Make sure you install a browser that uses any of the blockchains you select. Each blockchain has its own NFT standard, wallet service, and marketplace. For example, if you create an NFT with a Tron blockchain. That means you can only sell them on platforms that support Tron. This means you would not be able to sell them on platforms like VIV3, a flow-based marketplace or Open sea, an Ethereum based marketplace. + +Since Ethereum is the most used and has the most extensive NFT system, it's advisable to install an Ethereum browser like Trust Wallet, MetaMask, or even Coin base. + +Buy Ethereum. Depending on the browser you're using, you can buy Ethereum in several ways. You can purchase using the Luno app. Buy about $50-$100 worth of Ethereum. + +Connect your wallet and upload the file you want to turn to an NFT– there are 3 Ethereum leading marketplace, they are; + +OpenSea. - OpenSea is currently the largest Ethereum NFT marketplace, and here's how it works ; + +\- Click on the create button + +\- Connect your Ethereum based wallet + +\- Enter wallet password + +\- On the create button on your right, select "my collection". + +\- Add a name and a description of the file you want to upload + +\- Insert an image for your collection + +\- Now click on the "add new item" button. You'll reach a window where you can upload. + +\- Upload your image or file. + +\- OpenSea has the option to include special traits in your NFT so include whatever you want to. + +\- Once you're done, click on the "create" button at the bottom and sign another message in your wallet to confirm the creation of the NFT. The artwork should appear in your collection when you check. + +&#x200B; + +**What does it cost to create NFTs?** + +To create NFTs on OpenSea, it costs nothing, but on some other Ethereum based marketplace, they charge a fee known as "gas" fee. The gas fee is simply the amount in Ethereum you would need to perform certain functions or carry out certain transactions on the blockchain. The gas fee depends on the network and traffic congestion. The more the people transacting at a time, the more the gas fee and vice versa. It's advised to conduct transactions very early during the day or late at night. The gas fee is also considerably low on weekends. + +**How To Earn With NFTs** + +You can earn with NFT by either buying or selling NFTs on several marketplaces. + +Buying And Selling Of NFTs + +***\* How To Buy***– + +There are certain things that you need to consider before rushing to buy NFT; + +\- The marketplace you intend to buy It from + +\- The wallet you would download to connect with the platform and buy + +\- The cryptocurrency you would use to fund your wallet and buy NFT. + +\- If the NFTs are being sold at a certain time + +Certain NFTs are not as available as others. You would have to buy them from specific platforms. You will need to create an account with whichever platform such NFT is and try to determine if it's sold out. NFTs such as these are usually scarce. And are only available for a specific period. The "pack and art drops" system is used for really short NFTs, and it helps generate more money. So buyers would fund their account prior to the availability of the product and then try to buy it once it's available. This is because pack and art drops tend to end quickly. And it can be over in less than a minute. There are several NFT marketplaces all over the world. Here are some of them; + +OpenSea, Rarible, Nifty Gateway, Axie marketplace, Super rare, VIV3, BakerySwap, Foundation, NFT ShowRoom. + +***\* How To Sell–*** + +To sell your NFTs, you have to locate the "my collections button", click on it, and then click on "sell". When you click on this, you will be taken to a page for pricing where you can determine whether to run an auction or simply just sell at a fixed price. + +You can sell your NFTs for Ethereum or any other cryptocurrency like Bitcoin. Although some platforms only support tokens, they are based on. So you can sell for the platform-based token. + +Royalties allow NFT creators to earn a commission, thereby generating a standard income every time the asset is sold to a different person. This has the potential to create passive income streams for artists and other content creators automatically using a smart contract for life. + +On some platforms, there might be a need to pay a certain fee in order for you to list your NFT. + +&#x200B; + +**What are the Problems with NTFs?** + +As with any new technology, NFT has its own downsides and drawbacks. They are: + +1. Theft: Due to the lack of restrictions on copyright, there can be a significant theft issue. Artists and sellers can find out that their Art is on a marketplace and sold without their permission or knowledge. In the art world, however, the owners of NFTs (which, in most cases, are digital artists and fine artists) have very little control over how and where their work is sold. The primary value of NFT is that the proof of work makes sure that your original piece has a unique token attached to it, which means that the owner knows that they have the 'original'. But the main problem is that someone can take a JPG and upload it on a different platform and then claim there's no original copy. To avoid theft or being ripped off, artists should dig into platforms that actively promote original work and curate the pieces they sell. +2. Money flows barriers: it is harder to move money around with NFT. +3. Environmental Restrictions: operating in the same environment and platform becomes outdated. Artists would need a better way of making sales and getting paid. The whole Ethereum decentralized system works well enough but takes time to be activated. Also, electricity and carbon burned to complete a transaction is really high and might cause environmental health issues. + +NFTS has been sold for far costlier prices than other techs. These are the 3 most expensive NFTs ever sold: + +\- February 25, 2021, Trevor Jones sold 4,157 editions of his painting Bitcoin Angel for $777 each over just seven minutes. + +\- Mad Dog Jones topped Beeple's December drop when two open editions NFTs brought in $3.9 million, selling for $2,500 and $5,000 apiece. + +\- Claire "Grimes" Boucher entered the NFT arena with splash, dropping "WarNymph Collection Vol. 1,". The entire series was sold out within 20 minutes. + +Let me know what you guys think? + +[Here's the link to the original article and more like this](https://sites.google.com/view/makemoneyonlinegoal/what-are-nfts-and-how-can-you-take-advantage-of-it?authuser=0) +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 was a contract employee working as the editor of a local news website and I just got fired after only 6 months on the job. Though the job had a very high turnover rate in the past, I was not expecting it at all and got very little severance pay (1 week). I am young (23), and I'm afraid that getting fired from this job will hurt my chances for future employment. Fortunately I have a few connections to other local news sources and there's a major textbook publishing company in my city, but the uncertainty is freaking me out. + +I've never been fired before and am still in shock. Right now I'm trying to determine what to do in the immediate future. The only thing that immediately comes to mind is updating my resume. I took on a slew of monthly payments when I got this job, and was pretty much living paycheck-to-paycheck. I have about enough money for another month of living, and then I will have to start borrowing money from my parents. Fortunately they are well-off, but that's an absolute last resort for me. I want to find employment as soon as possible. + +I know I will have to discuss getting fired in future job interviews. To give an idea of what happened, my boss wanted me to solicit content for free from instagrammers and other popular social media user. As you can imagine, this was a total waste of time. I reached out to dozens of people, and only heard back from a few. No one ended up wanting to work for "exposure." As a result of spending my time doing this, my core work suffered as a result. We had a series of heated meetings where I tried to explain I was spending my time soliciting content, but I ended up on the defensive, saying I would focus again on my core job requirements. Finally I was fired today by our VP of operations, without so much as a phone call from my boss, who was not in the office today. I was told I was meeting only the "bare minimum" requirements of 10-12 articles a day, and as a result I had to be let go. + +I'm not really sure if I'm to blame or if the company is going under. Especially towards the end there were many days when the office was almost completely empty. I was only making $26K a year for 50+ hours a week of work, and the website analytics were up across the board by the time I left (email blast open / click rates, site readership, Facebook likes, etc.) + +Having said that, I've definitely grown as a writer during my time there in terms of speed, confidence, professionalism and (hopefully) taste. Maybe this is the sort of narrative I will want to tell in future job interviews to explain getting fired? + +Any advice on what to do next is welcome. + +Edit: Some commenters are suggesting I leave the experience off my resume altogether since it was only 6 months. Is this a good idea? I should probably have it on there at least for my next job interview, and then take it off after that, right? + +Edit 2: Thank you everyone for the great advice and encouragement! I will be revisiting this post throughout my job search. It has already proved to be insanely helpful. +I had two fillings replaced about a month ago. This was my first time at this office and the staff and dentist were great, no complaints there. I did have to pre-pay the estimate of my balance which I had never had to do before, but the math made sense (they charged $220/filling, my insurance covers 50%, so I paid $220 that day on my credit card). A few days ago I got a bill for another $300. Confused (and never in my life having to pay $500+ for two fillings when I have insurance) I called the office and asked for an explanation. They acknowledge that there was something wrong with the billing and what the insurance paid out, and they would get back to me. They looked into it and it turns out that the office actually owes ME $80 and will be cutting me a check. + +Point of the story is if I didn't question the bill, I'd be out hundreds of dollars. It never hurts to ask when something seems off! +Hey guys, I wanted a little advice on my situation. + +I am unfit to work due to long term chronic illness, and my only source of money is benefits (HB, ESA and PIP). I hope that one day with the right treatment I will be able to return to work, but with the several year waiting lists on the NHS it is unlikely this will happen soon. While I am extremely grateful to receive benefits that allow me to keep a roof over my head and food on the table, Its extremely hard to make ends meet and it leaves nothing extra for other essential costs. + +A family member who is very well off has got in touch and said they want to give me give me £500 a month, every month, while my situation remains like that. This would mean I could afford to access private treatment and get back on my feet much quicker, it would also help with cost like car maintenance (which I require to get around) and other essentials. + +This would mean the world to me, but I am unsure if I’m able to accept this offer as I’m worried it would be grounds for my benefits to be cut or removed, putting me in a worse situation than I was before the offer of help. + +I’ve tried speaking to the benefit office but I’m struggling to get through to anyone, being left on hold for hours and often getting cut off. I am also worried that even discussing this with them about this would jeopardise my benefits - I’ve not had an easy time with them and I’ve nearly been made homeless twice due to mistakes at their end, so I thought id see if I can get any advice or information from here. + +Thanks for your help + +Edit: I am based in England +I want to understand the battle between monetarism and keynesianism, what FMI does, why Milton Friedman was important to that, what is liquid demand, inflation and all those terms the austrians and modern economic marxists talk... I'd guess all of this is macroeconomics, but i'm not sure. + +What is the ideal book to begin learning these things? +I don't quite understand this statement, I was wondering if someone could provide an example of what an "unrealistic assumption" might be within a given economic theory/model. +No income means no paying income taxes. No income means no money to buy things which means no sales taxes and no money for rent. No money for rent means landlords can’t afford to pay property taxes. Without taxes how will a UBI be paid for? +I understand at the end there’s someone “legally” responsible for every penny a private company owns, for example. + +Yet another example, Governments run on tax payers money so one can say it’s all actually peoples money but not that anyone can claim or get it back in normal situations! + +The Q is more like, as of today / in 2022, what is that ratio look like? And not just hard cash, but everything- assets/ properties. +How do economics doctoral examinations decide, when a presentation is "right"? + +If economics' "truth" is vague? + +What kind of criteria do they use? + +Is it possible that it would be reminiscent of an "applied mathematics doctoral examination"? +What the title says. I would like to understand what (reasons) make the existence of banks not optional, so that our societies can function. Also, excuse me if this seems like a stupid question. + +Edit (phrased better): + +Besides their basic functions, which are money safekeeping, loan giving, having the convenience of an ATM etc etc, which are the deeper reasons as to why banks exist? + +Edit 2: Thank you all for the enlightening replies. I am sorry for not having the time to reply to each one individually. I will look into what you wrote and dig in more. Thanks again! +We're going to \~\~shamelessly steal\~\~ adapt from /r/askhistorians the idea of a weekly thread to gather and recognize the good answers posted on the sub. Good answers take time to type and the mods can be slow to approve things which means that sometimes good content doesn't get seen by as many people as it should. This thread is meant to fix that gap. + +Post answers that you enjoyed, felt were particularly high quality, or just didn't get the attention they deserved. This is now a weekly recurring thread posted every Sunday morning. +As someone with a passing knowledge of economics, it seems that the idea of free trade always being positive is "day one stuff". + +But as more nations seem to become actively opposed to free trade, I want to know what the best explanations are when people question my belief that free trade is generally beneficial. + +So, from an economics perspective, what are the most compelling arguments for supporting (or possibly opposing) free trade? +As the title says, I am graduating next year and wondered what will put me ahead of my peers. I understand the vague nature of my question but I am trying to keep my mind open. Ideally something available online, but any advice would be greatly appreciated. Thank you very much for taking the time! +There’s an outbreak in coronavirus.. why do people sell their stocks? What is causing the drop in prices? Is it because production lines are hurt so people are just trying to sell all their stocks? +Hey folks, +This is a question I admit I have been too ashamed to ask for a long time now. I've graduated with a master's degree with a GPA of 3.8 and have started a PhD in Economics now and this simple question still eludes me. I feel too ashamed to ask any of my colleagues so please can someone kindly help me? + +Say a company emitts stocks to the market. The first time they get bought by people off the company (or the underwriting investment bank, I think) for a decreed price. Okay, so far so good. Now imagine I want to buy a stock of a certain company that is not currently issuing new stocks. I have to buy it at its current price, i.e. the course of this stock, right? For me to be able to buy it, I have to buy an existing stock from someone else who currently owns it. So in other words, at the current price, there is someone willing to buy it and someone willing to sell it. + +How does that drive up the price of the stock? In economics, we're always told "buying the stock raises the price of the stock", and conversely, "selling the stock lowers the price". But how can actual transactions *at the current price* change the price? + +Perhaps this story is rather about buying (selling) at a higher (lower) price than is currently in the market, i.e. moving towards equilibrium from an excess demand (supply) to market equilibrium. That I can understand. But how does it work *at the actual price*? Can someone explain this, please? +I'm planning on doing a PhD in Economics in 2020 (currently doing a Research Masters) + +What field(s) of economics do you think will become the next big thing? +I have seen many marxists who are against capitalists fundamentally. To the point where they say the existance of the capitalist class is inherently exploitation, and I'm not sure I understand why. My definition of the capitalist class has always just been "the investor." The idea of the investor getting returns on investment makes sense to me, because their is more risk involved with investment. + +When I have asked this I am often told that I am already working within the parameters set to me in a capitalism and am wrong and this confuses me. What do they mean? + +Hypothetically lets say we are communists and I give 50 apples to everyone at the end of the year. These apples are special in that you are supposed to eat the seeds. If 10 of the people choose to not eat 5 apples and instead plant them, do they not deserve both a fair portion of the produce of the plant based on their effort put in PLUS deserve 5 apples worth back with interest because they had to give up the happiness from that year. They lost 5 apples worth of happiness. If they are expected to share with everyone does it not make sense that they would get a slightly bigger proportion to make up for the lost happiness and the risk associated with those apples not ever sprouting and bearing fruit? + +Edit: it seems to me like the arrangement in the above paragraph is completely fair and in line with the existance of an investor, or as I understand, a capitalist. If this kind of capitalist is good, and beneficial to society, why should they not be allowed to exist? If some can exist, wouldn't it possibly imply that there might need to be "bounds" to capitalists rather than the destruction of them entirely? +In 2017, the Dow Jones Industrial Average surpassed 23000 points for the first time ever. While on the daily there are ups and downs in the market, if it's looked at from month to month or year to year, there are reliably steady increases in the stock market. It continues to creep up and up. + +Sure, there are recessions and depressions, but these seem to be extreme market correction periods that are comparatively short term situations versus the longer term, general upward trend that's seen in the market. + +Im seeking the answers to these questions: + +1. Why does the market reliably climb at a mostly steady rate? + +2. Why does the market not go through cycles of mild recession that match the mild yet steady climb? Why are periods of recession (or depression) so severe? + +3. Will the market just keep climbing higher and higher? Will we ever reach a point where the market stops climbing and investing in the stock market stops being a good way to grow money? +I’m in my mid 20s +No debt but also no investments. + + +$230 pw rent (sharing a flat) + + +$120 pw food + + +$60 pw on pets + + +$45 per month on Gym + + +$400 per month bills (again sharing electricity etc) + + +$876 per month on transport and parking +(soon to change as I’ve accepted a fully remote role) + + +I’m a first gen immigrant with 0 financial knowledge and I would really appreciate some advice. +I wanted to gauge the sentiment on this sub. This subreddit has been extremely bearish in the past couple of weeks. How are you doing now? Do you still feel bearish, if so why? What are your positions? +Today was a good day. + +Millions of worthless puts and calls expired OTM, and we hit more or less max pain. + +Fyrefest 2.0 announcement this morning to get people riled up, and mod drama 3.0 in the afternoon. + +Yesterday they tanked the price to the lowest it's been since May 13th. Apes bought at a 7:1 ratio. Every ape irl I know bought at least 2 shares, and i doubt they were the only ones. To those that timed their yolos, congrats + +We truly, truly are in the endgame now, because they have no more weapons. Nothing left to divide us, other than this bullshit. Any one person can be corrupted, that we know. I don't care what happened, I really don't. As long as the circus tent goes up every morning, it doesn't matter who's putting it up. It really doesn't. The community (of individuals) is what matters. Nothing else. + +No matter who's at fault, or what was said, this is it. This is their last play, to make us mistrust the mods and thus everything on this sub, but we know we're right. We know they didn't cover, and we know, just as well as they do, that they're fucked. They're fucked today, they're fucked tomorrow, they're fucked next tuesday, and the one after that too. All we have to do is exactly what we've been doing up until this point. Buying. Holding. Shopping. + +That is all we have to do, to wrest the power over our lives from the most powerful people in the world. + +I am zen, completely and totally, because I trust you. And you, and you, to do what I know, and you know, is right. People may paper hand, that's fine. More shares for diamond hands, no problem. + +They have shown their hand, and this is all that they got left. I always suspected this would happen, at some point, so I'm not surprised. This has confirmed more to me that we're truly in the endgame than the price ever did. + +Good luck apes, fuck the FUD, enjoy the weekend, let's get back to it Monday. + +Not financial advice or otherwise. +I've put everything that I possibly can into +this stonk that I love. I've waited months to +get it all into computershare. Now I am zen +and we wait for MOASS. Hedgies have no +chance in hell! +I am fuming right now, but I will try to give you the best information I can. + +I was a victim of identity theft (mom opened cards) and I had everything shut down and turn her in to the police. This came at a pretty bad time, because I was in the process of legally changing my name as well. During this process, I had EVERYTHING shut down, Credit cards, Credit Freeze, the whole enchilada. + +I faxed my name change and what happened and got everything sorted out. I was shocked to see that one of my credit card agencies sent a NEW credit card to my old address. The person at my old address proceeded to activate it (not my mom's address, my old apartment). + +I called customer support (lol), to solve the problem. I was not only told they cannot close the card, but it will take 7-10 business days to get a new one. I proceeded to file a CFPB complaint and called the agency back. I was then redirected to a new number, which proceeded to redirect me to the old number. + +I don't know what else to do other than hire a lawyer, what options do I have? +I take pride in almost micro managing the "macro" aspect of my finances such as car loans, mortgage and retirement accounts. I actively seek out funds with a low expense ratio and will tax loss harvest - all in effort to maybe save several thousand dollars/year. + +Unfortunately, when it comes to small, everyday purchases I'm much less focused. I almost never do little things like looking for the cheapest option at the grocery store (within reason), never really pay attention to how much items cost on the menu at a restaurant, use the closest gas station regardless of price and often times will buy a diet soda and snack just because I'm there... + +Anyone else this way? Any tips/tricks you've found helpful? +I really wanted to get promoted so I could earn more $$ to reach FI faster. Well I succeeded but found an interesting twist: at higher levels, my company gives employees extra rewards in the form of company stock that takes 3 years to vest. If you leave the company before 3 years, you don't get the award (very smart for them!). This is a new ball game to me, because it would make walking away from my job at some future point more difficult...I'd feel bad about giving up that non-vested stock! + + +Has anybody else faced a situation like this? Does it change your feelings about walking away someday? +Hi guys + +I’m very confused about using leverage, so I’ll use an example to see if anyone can help. + +Let’s say I have £2000gbp in xxx. +I think xxx will go up 3% near future. +I don’t want to lose all my £2000, but I would like to make more profit, so I decide I’ve got about £450 I can afford to lose. + +It’s at this stage I start to get overwhelmed. Let’s say I choose leverage x3, this means I’m investing/starting £150 of my own money. God even as I write this, I’m getting confused. + +All I really want to know is how to use leverage when I think a price is going up? Should I be buying or selling on the order? Man I know this is probably easier than I think but I’m just not getting it. +As the title says, I'm looking to invest passively in an index fund or ETF for a period of 2 years to save for a house deposit. Currently a student so I don't have much money coming in, but once I get a job I will begin to top up the investment with 20% of my income each month. I don't have a huge risk tolerance, a tracker that tracks the S&P500, FTSE100 or maybe FTSE250 would suit me. I'm interested in gathering some opinions on how to choose between an ETF and index fund. Also, would Vanguard or iShares typically be the best platforms to use? Thanks in advance! +When buying stocks/shares via a trading platform (say, Trade212 or Freetrade), I assume you're only liable to pay CGT when you actually withdraw money from the platform? +i.e., Selling stock (at a profit > £12,300) in order to buy other stock (within the same platform) does not expose you to CGT? + +Second question - if you stand to make >£12,300 profits, I assume you can sell the stock / withdraw money over multiple tax years in order to keep under the CGT threshold? + +Just doing some hypothetical research, but haven't been able to find answers to questions such as these. Of course, if all this is done within an ISA account then those problems go away. +I have stock for dividends mainly but they seem to be paying poorly by about 50% or 75% pre Covid. How long do you think they will be back to normal? A bit of a general question I know, but a discussion would be interesting. +Hello UKInvesting. + +I hope this is the right place for this question - I am looking for advice about a transfer of a £200K SIPP to another provider. +I am currently with Hargreaves Lansdown and have a mix of managed funds and shares in specific companies. + +I am aware that HL charges are higher than others, but to be honest at the start, I was happy to pay a *small* amount extra for the easy-to-use interface and wide range of investment choices - call it a *convenience tax* if you want. + +Upon reflection, I see that the 0.45% annual fee is actually quite high for simple management fees, and a flat fee provider might be more appropriate. I have read the comparison at [Monevator](https://monevator.com/compare-uk-cheapest-online-brokers/) and also quite a bit about the forthcoming Vanguard SIPP. + +If it makes a difference, any future payments into the SIPP will not necessarily be on a regular (eg monthly) basis. I can contribute anything from once a year upwards, so a high fee per trade might be ok. + +I am happy with a restricted choice of investments eg Vanguard. + +What providers would you recommend to suit my needs? I am thinking A J Bell (iWeb) would be a good choice, or maybe wait ~~(...and wait)~~ for the Vanguard offering? + + + +Thanks very much in advance for any advice. + +Mr. Minger +I'm interested in seeing what UK folks opinions generally are re. Bitcoin and cryptocurrencies more broadly. As I'm sure everyone is aware BTC has been in a year and half or so long bear market and corrected about 85% from its last parabolic rise, after which it has recently shown some strength and bounced from the lows. Who here keeps a percentage of their portfolio in cryptocurrencies? Why or why not do you think they are a good buy/hold, and do you think a sensible bullish case can be made for them in the long term? +I'm another new investor having only started investing late last year. My S&S ISA contains a number of funds mainly covering the UK and US with a little bit in Asia. All of my US funds are with Baillie Gifford. They cover specific sectors, but are all very US Tech heavy and I expected some of them to be quite volatile. + +Like a lot of people, I jumped on the bandwagon when US Tech stock started to rise rapidly. Though I only started investing towards the end of last year, I still made some decent gains. As we've seen US Tech stock descend, a lot of us have seen the value of our holdings fall as dramatically as they rose. My % growth for the year has gone from over 15% to less than 5%. Most of my BG holdings are now in the red. I would've sold them, but I didn't react quickly enough. Though the temptation was there to cut my losses I think it's better to wait for them to rise again, though I am prepared for this to take a long time. + +**Short term:** As mentioned, most of my BG holdings are now in the red. Despite the funds being actively managed, it seems BG don't dramatically change their holdings in response to market conditions, so any recovery may take a while. I expect I will continue to drip feed these funds to take advantage of lower prices. BG American was still blue, so I've sold it for now. I'll hold onto the cash from it and try to buy back once it dips further. Unlike the other BG funds, I expect American will begin to recover much sooner. + +**Mid-Long term:** My current mid to long term plan is to move away from higher risk funds. It's likely I will keep a couple of the BG funds, but move away from the most volatile, reinvesting in something a bit more predictable and/or that diversifies my portfolio more. Ultimately, I want to get to a stage where I'm not looking at my portfolio every evening and I feel comfortable just to leave it to do it's thing. + +All in all, I feel those of us who started investing in the last year or so have been quite lucky. We've seen a lot of dramatic events happen in a short space of time and it's been a valuable learning experience. It's helped me work out what I want from my investments and what I'm able to tolerate in terms of risk. It's also taught me not to respond to hype. + +One of the main reasons I'm posting this is I'm seeing a few panicked posts about how poorly their investments are doing. As we all know, the value of investments fluctuate. Tim Hale says we're our own worst enemy when it comes to reacting to stuff like volatile market conditions. It's hard to be patient when we've seen huge gains and losses in a short space of time, but I'm of the opinion that there's nothing to worry about and your investments will recover in time. + +What does the sub think of my plan going forward? How have you responded to the drop in the value of US Tech stock? +I want to open a stocks/shares ISA but I'm unsure what platform or company to go with. My bank, HSBC, has one but I'm unsure if it's the best. + +I see FreeTrade offer an ISA for £3 a month which seems good, but I wanted to know if there was a catch. + +Can anyone give their experience with ISAs, especially if you're with FreeTrade? +First post - I’m thankful for the wealth of info and advices this group has provided. I’m impressed that the super fat fire subset live quite humbly and monitor/ minimize their expenses in the posts I read. + +40 yo, subspecialty MDs, saw several non- medicine, especially tech peers of the same age group are far far ahead in term of net worth. We started working at later age after college, med school, and almost a decade of residency and fellowship trainings. Our compensations have been exactly the same after fellowship. The work is hard but I love the part of medicine of saving lives and improving quality of lives. We are in extremely competitive subspecialties and after all these years of extremely hard work, I truly felt deflated and defeated. The weather here doesn’t help. I can’t get used to PNW winter weather. + +Our largest expenses are supporting parents and in laws, childcare, and mortgage. We have a small house mortgage, avoiding jumbo loan. Like elsewhere in VHCOL, the house appreciated by 1 mil since we purchased few years ago. We lost ~ 100 k and another 100 k in SO lost wages in failed startups that my SO cofounded in this past 2 years. Family travel expenses usually < 15 k/ year: Econ direct flights, mid range hotels (Hilton, hyatt, etc), Hawaii and mid range MX all inclusive. We went to Europe and Asia pre pandemic; the kids are thriving when they travel with us exploring the world or just relaxing at the pool. We usually go to 1 big trip (2 weeks) and 1 Hawaii trip (2 weeks) per year. + +I saw my partners buying 5 mil houses, boats, luxury cars, ski vacation, and all the toys. I feel that we are doing our best in minimizing our expenses. + +We are thinking of moving to Bay Area, San Diego, LA (Irvine). Bay Area would be #1 choice. My MD spouse is in tech as well and Bay area would offer more opportunities. I still regret our decisions not to take jobs there few years ago. + +I’m worried that we won’t find jobs there. Maybe it’s my limiting belief. Our subspecialty is extremely taxing: calls, extremely long hours without sleep, highly acute work. I transitioned into a less taxing job with pay cut few years ago; I believe this was the reason I could carry our youngest baby to term after several mc in my old job. My SO makes more than double my salary (same subspecialty). I’m worried I can’t find a similar practice to my current job. + +Advice? Anyone in medicine in this group and any advice/ encouragement? + +Side note: Our oldest (10) wants to be a politician; none of our kids want to be MD. My older sibling is a cardiac surgeon and all his 3 kids are in med school. My brother in law is MD turned hedge fund manager. +Dear fellow retards & autists, + +The shit-tier level of journalism covering the GME saga has been a fucking disgrace. Half of it is plain financial illiteracy, and the other half is inter-generational bashing and fear-mongering. You think it's been bad thus far? The squeeze hasn't even really set off yet, can you imagine what happens next week when the stock hits the low triple digits? Eventually to 420.69? End game of 1000$+? Lets recap what has happened so far: + +**False media narrative #1**: Recent rise of GME is due to sHorT sQuoZe!!!1! + +**Reality**: GME is an undervalued company & a turnaround story. Investors are finally starting to notice. Short squeeze hasn't even started yet. + +*January 13th* - We had our first breakout to 30$ from the sub-20$ doldrums, the shit-tier level reporting started immediately. The media went balls deep on the short squeeze narrative despite absolutely no evidence that shorts had covered at all. Rather it was just long buyers piling in. For example, [Bloomberg](https://www.bloomberg.com/news/articles/2021-01-13/heavily-shorted-gamestop-soars-most-ever-as-day-traders-circle) titles their article "GameStop Surges Most Ever in Short Squeeze After Cohen Move" despite quoting Ihor Dusaniwsky stating the opposite in the body of the article. + +*January 14-15th* - The stock bounced from the mid to high 30's. [Forbes](https://www.forbes.com/sites/petercohan/2021/01/15/with-138-short-interest-board-change-sends-gamestop-stock-soaring/?sh=21052b426da8) reports "What drove up GameStop’s shares was a short-squeeze on steroids." despite no evidence to support that claim and while quoting Ihor Dusaniwsky saying the actual catalyst was due to stronger holiday sales & board shakeup. + +*January 22nd* - GME breaks out yet again - hitting the low 70's before settling to the 60's. [CNBC](https://www.cnbc.com/2021/01/22/gamestop-soars-nearly-70percent-trading-briefly-halted-amid-epic-short-squeeze.html) proceeds to again spread the falsehood about "massive short covering" with absolutely no evidence to back that up. Rather the bump was a result of a gamma squeeze. + +**False media narrative #2**: Rabid retail investors are victimizing the poor short sellers + +**Reality**: Short sellers have been conducting illegal naked short selling to drive a company employing tens of thousands to bankruptcy. + +[Bloomberg](https://www.bloomberg.com/news/articles/2021-01-22/gamestop-tug-of-war-gives-reddit-army-a-win-on-record-volatility) blithly characterizes reddit as an "angry mob" out to attack poor little Citron. Bullshit, an angry mob is what stormed DC on Jan 6th, not a bunch of random individuals that left internet comments you didn't agree with on your youtube video. No mention of Citron's far shadier and illicit history. + +[Wired](https://www.wired.com/story/gamestop-stock-wall-street-bets-short-squeeze/) re-urgitates Andrew Left's baseless claims of being "hacked" and "harrassed by pizza deliveries". No mention of Citron's  track-record of making baseless fraud allegation and market manupulation + +[WSJ](https://www.wsj.com/articles/short-bets-pummel-hot-hedge-fund-melvin-capital-11611349217) sympathetically mentioned "Many investors have complained about short squeezes that have left them nursing losses." and then going on to write a gushing biography about Gabe Plotkin. No mention of illegal naked short selling or that Gabe drove GME all the way down to 3$ but was too greedy to lock in his profits. + +We, the retail investors, didn't do shit other than invest into a company that deserves a second chance. The shorts put themselves into a precarious situation through their own greed and illegal naked short selling. The media wants to punch down on the "easy" target: Reddit and WSB. Reddit is scary to boomers who can barely navigate the reddit UI, let alone get an erection. They prefer facebook, where fake news can be piped directly into their senile brains. This mis-information will just get worse from here on out. + +We can and should push back, not by some centralized WSB twitter handle, but by what we do best: acting as individual retail investors who advocate for the truth on our soapboxes of choice. + +TL;DR - Stay strong and 💎🤚. Don’t be afraid to correct the fucking record. +**EDIT 11**: This was just a preliminary write up. You can read the full investment thesis (WIP) [here](https://docs.google.com/document/d/11oCA9iPtv6s-twhW6PdSpiENKCbeW7aJJO9Jv8KEc2g/edit?usp=sharing). + +&#x200B; + +There is a general understanding among ETH investors that the enhancements from ETH 2.0, EIP-1559 and L2 solutions will result in a sustainable monetary policy with near 0% issuance and the potential for Ether to become a deflationary asset. What is even more interesting is that the net return of ETH as a SoV becomes superior to BTC the moment that issuance is lower than the staking yield. In other words, even if BTC had already ceased issuance, it offers no mechanism to provide yield to long term holders with a negligible risk exposure as ETH does. There is an execution risk that Ethereum will not deliver on what is currently planned, but if it does then what I have explained will become a reality. + +You cannot separate BTC/ETH's payment rails from their respective monetary policies. As you are probably aware, issuance is just a subsidy, and without it the network will need to operate as a profitable business with a cash-flow that is entirely dependent on network fees. We are observing a situation that is causing a degradation of the utility of the Bitcoin network. What I mean by that is that the incentive for users to transact directly on the network is being diminished because of the tokenization into ETH and by the introduction of custodians (like Paypal) and traditional banking services who will soon be entering this space. If these trends continue, I suspect that the only activity that will end-up happening on-chain will be done by whales sporadically transacting to hodle and the occasional settlement from institutions. Bitcoin seems fast and frictionless, but that is because you are comparing it to something in the physical world. In digital terms Bitcoin emulates the friction of operation that is found with gold: it is difficult and expensive to move it, securing it yourself is not trivial, and it does not make for a great medium of exchange. I don't think this will be a good dynamic to generate enough transaction fees. That is of course my subjective interpretation of it, but regarding this particular situation it is nearly impossible to make objective assertions at this point. It is possible to assert that, in the digital world, the expectation of frictionless money would entail near instant transactions with negligible cost and without the relative risk/paranoia of dealing with nuclear waste and having a hacker watching your every move waiting for you to make a mistake to snatch it away. Digital money would also need to interact with other digital assets, preferably defined and operated within the same ecosystem. Ethereum is steaming ahead on all ends. + +Ethereum is fostering a digital economy (this is a very important part of understanding the value of Ethereum, but I will not be exploring it in this post) with DeFi at its center. It is currently generating about three times as much trx fee revenue as Bitcoin. L2 solutions are going live as we speak, and it appears that they will be much more practical and provide better UX when compared to the Lightning Network. This will help to amplify L1 block space value and push revenue even higher. That will be followed by EIP-1559, which will burn transaction fees. Mining is currently excessively profitable and the hash rate cannot keep up. This means the financial incentive can be reduced and by burning trx fees we achieve the equivalent of an issuance reduction, while stabilizing mining revenue. Eventually the transition to PoS will dramatically cut the operational cost of the network. That means that Ethereum as a business will become more profitable and less reliant on the issuance subsidy. Finally, we will see the introduction of sharding which will scale L1 by up to 1,000 times, compounding the effect of L2 solutions and making it feasible for the network to operate as a platform for new use cases. A solution to the hacker/nuclear waste security situation is being explored via social recovery wallets. It is still in the early stages of research and design, but it is important to realize that the Ethereum community recognizes it as a problem and is working on a solution. + +There is a lot more that can be said about the BTC vs ETH debate and I am working on a full write up that explores each individual element in more detail. Regardless, it is important to pay attention to this trend: the smartest people in this space are shifting their point of view and realizing Ethereum's potential. Raoul Pal is a seasoned investor, extremely bright and open minded. He started with Bitcoin, but it did not take him long to understand the value proposition of Ethereum. Lyn Alden is a brilliant investor and mental powerhouse who initially did not think investing in Ethereum could be justified, but she is also[ starting to shift her view](https://www.lynalden.com/ethereum-analysis) and now understands that it has a justifiable risk/reward ratio to be included in a portfolio (although she is not personally invested in Ethereum). She has plenty of negative things to say about it, however it appears that she recognizes this is not a black and white situation. I have a feeling she will be revising her analysis on Ethereum again in the future with a more optimist view, but maybe that is just wishful thinking. + +The crypto space has a few analogies that have been used to describe technical/economic mechanisms that are somewhat tricky to understand: mining, Ethereum's gas, and the analogy between ether and oil. Crypto "mining" is not like real world mining. It's purpose is not to extract resources, but it is rather a decentralized mechanism to process transactions. Newly minted BTC tokens are not "mined", they are minted by the protocol and awarded to operators. Furthermore, it is impossible to change the total mining output of the network... adding/removing miners does not affect the mining output. If you are new to crypto, you can read a more detailed explanation of mining[ here](https://www.reddit.com/r/CryptoCurrency/comments/k4qdyc/if_you_are_new_to_crypto_you_may_be_slightly/). ETH's "gas" is not like fuel (it cannot even be stored). It is just a computational metric that is more akin to the distance a car must travel, but not what actually makes it move. The fuel is electricity and it must be paid for with ether. When you transact you are also paying for the "car" which is the use of all active mining hardware/validators for a fraction of a second. And ether is just money. + +If you put too much weight on these simplified analogies, you will not understand the economic actuality behind them. This is a source confusion in the crypto space, and it is used to support false narratives. From an economic perspective, ether is money. Once you understand this, you will know that the narrative that BTC and ETH are not competing because they are different things is analogous to saying fax machines do not compete with the internet. + +The beautiful thing about ether is that it is actually not "just money". It is a mixture of a scarce monetized commodity, money, bond and tech stock. + +* **Monetized Commodity**: Ether is becoming more scarce and will continue to do so with the transition to proof-of-stake and EIP-1559. Ethereum does not have a supply cap, but it does have a roadmap for a sustainable security model and if it achieves a positive cashflow then it will not only eliminate issuance, it can become deflationary.[ An argument can be made about potential issues with Bitcoin's sustainability in the long run.](https://www.reddit.com/r/CryptoCurrency/comments/k46gge/the_threat_to_bitcoin_that_no_one_is_talking_about/) +* **Currency**: Ether is used as a unit of account and medium of exchange to pay for every activity in Ethereum. It is also used in the same way for venture capital related to ICOs, and Ether is also used as collateral in the DEFI space and new monetary uses will continue to emerge. It is an immature form of money, just like Bitcoin is an immature form of gold. Some people prefer to say that Ether is just a utility token. However, a utility token is just a narrowly scoped form of money. Not only is Ether's scope within its digital economy growing, by next year users will be able to pay millions of merchants with Ether through Paypal. We have never seen the adoption of a new form of money grow organically. New forms of money have always been imposed by authorities. What would the organic growth of money look like? It would look like Ether. +* **Ethereum's digital economy**: Ethereum has limitless use cases and it is already generating economic activity with real world usefulness. Ether's value will benefit from acting as the native monetary asset for Ethereum. As Ethereum's economic activity grows, the velocity and/or value of ether must also increase. +* **Bond**: With proof-of-stake you need to lock up Ether to receive a yield in return. It is similar to how bonds work. +* **Tech Stock**: Ethereum provides a service. That service is paid with ether. The network is controlled by holding ether that is staked. The more valuable the service provided by Ethereum becomes, the more users will be willing to pay for transactions and the more valuable the protocol and the Ether token become. Cloud based services is the entire business model of many companies. The network will be entirely operated by stakers who happen to be the recipients of transaction fees. It is not exactly the same as holding a stock, but there are a lot of parallels. +* **Full reserve banking model**: This is a bit of a stretch, but it is a potential end-game for Ethereum. It can serve as the base infrastructure and reserve asset for a full reserve banking system. In a nutshell: a consortium of banking companies can be formed to standardize a framework to hold and stake Ether under custody in exchange for wrapped Ether. Customers deposit Ether, banks exchange it for wETH and stake the original ETH. Resting balances of wEther on customer accounts can receive a cut of the staking rewards. Banks get their profit model, customers get to spend wrapped Ether with traditional banking services and potentially receive a share of the staking yield. Customers could also have access to a yield curve based on variable reserve requirements. This would allow banks to create money (which is actually good for the economy when it is done with moderation), but for the first time ever customers would have the choice of how much risk exposure they are comfortable with. This dynamic could help to establish a form of democratic check and balances system that discourages moral hazard. Ether could become a godsend to banks in the land of negative yields. It's a pipe dream, but not entirely impossible. Don't forget that the US OCC has essentially given banks the green light to take the first steps in this direction (US banks have been approved to use the Ethereum blockchain for their operations AND they can become validators... yup this happened). + +&#x200B; + +**EDIT 1: Adding an analogy to explain why ether is money:** + +Let’s say I have a car with a 14-gallon fuel tank and I want to take it on a road trip. The car is not aware of the price of gasoline, and it would not travel any farther if the price of gas would double the next day. That’s because the intrinsic utility of oil has nothing to do with its monetary value. The car needs gas because of its particular physical properties and how the ICE is designed to utilize it. If I want to drive from point A to point B and it takes a full tank to get there, it will take that full tank no matter what happens to the monetary properties of gas/oil. This is fundamentally different from how Ethereum uses ether. + +Ethereum (the network) is not trying to be money, but it utilizes ether exclusively for its monetary properties and not because it can be magically burned by an imaginary engine of sorts. It costs money to participate in the network as a miner, and their engagement is financially incentivized with ether. Block space is a scarce resource, therefore participants who wish to transact use ether to bid for it. These interactions are utilizing ether as a monetary medium of exchange. In the long run, as the price of ether goes up, the ether denomination of gas prices goes down. That happens because no one is using ether as gas/oil, and it is actually being used as money. In the short run you may see the opposite occurring because of the dynamic between the portion of block space demand that is inelastic and the demand for ether. + +**EDIT 2: Revisiting key concepts to explain how they will become price catalysts.** + +1. **Wide adoption of L2 solutions**: these will amplify the base layer block space value while encouraging further network adoption by a significant reduction of fees. A successful integration with DeFi protocols will dismiss the "Ethereum killers" theory and consolidate market confidence. +2. **EIP-1559**: reduce excessive financial incentives to miners by burning transaction fees. This will also discourage miners from attempting to artificially raise fees via spam. +3. **Sharding**: scale L1 bandwidth, compounding the effect of L2 solutions, further consolidating Ethereum's dominance in the DeFi space, making it feasible to introduce new use cases and eventually increase trx fee revenue. +4. **The switch from PoW to PoS**: discontinuing PoW will eliminate the operating costs related to mining and will allow for a reduction of issuance. Money that was previously allocated to buying mining equipment will be redirected to the acquisition of Ether. Staking Ether will remove it from circulation for extended periods of time. Operating cost will be negligible, allowing validators to withhold most of the Ether revenue. This will be the greatest bull market catalyst in the history of cryptocurrencies and it will eclipse the effect of[ ](https://twitter.com/search?q=%24BTC&src=cashtag_click)BTC halvenings. + +Bitcoin maximalists will be nay-saying all the way through and past a market cap flip. Do not get caught up in their narrative. If you are not sure, then it is better to rebalance your portfolio proportionally to market caps. If none of these things happen and Ethereum turns out to be a failure, then you would only have reduced your gains by 20%. Otherwise, ETH will be making you mountains of money. + +**EDIT 3:** **Ethereum killers** + +Ethereum killers remind me a lot of Tesla killers, but a lot worse. People need to understand that cryptocurrency platforms targeting financial Dapps are fighting the equivalent force of a black-hole when it comes to Ethereum’s network effect and user retention in this space. + +Bigger players, with bigger money, are entering this market and they will not settle for anything other than the top dog. This pattern reinforces Ethereum's position as the premium financial system, which ends up attracting even bigger players and resulting in the black-hole effect. To make matters even more complicated, financial apps are more valuable when they are surrounded by a rich and diverse variety of digital assets and other natively defined Dapps. There is not much you can do with your money in a ghost town. + +It is VERY difficult to build this type of environment up because the platform and dapps must also have established full trust from their user base. This is not to say there is no space for other networks to grow, but just don’t get your hopes high that they will be taking Ethereum’s stronghold as a financial system. There are other use cases that do not require the amount of decentralization and security offered by Ethereum, and the networks that can focus on these are the ones who will be able to coexist with in the long-run. Gaming, ERP interoperability and supply chain are good examples of such use cases. Remember that alternatives with cheap transactions have existed for a while and they have barely touched ETH's dominance (EOS, NEO, VET, QTUM, IOTA, LSK, STRAT, ARK and dare I say... TRON). + +**EDIT 4: Refuting critiques about dynamic monetary policy** + +If an argument can be made that the financial incentives to operators (miners/stakers) are excessive or insufficient then an argument can be for the implementation and execution of a dynamic monetary policy. + +I don't think an arbitrarily picked issuance schedule determined during the genesis of a new highly complex system is likely to be efficient through its lifecycle. Bitcoin's monetary policy provides the certainty of stability and protection from abuse, but it sacrifices the possibility of efficiency and jeopardizes longevity. It would be like if a captain of a ship would point it in the direction of its final destination, set the throttle, then fall back to his cabin for a nice bottle of chianti and hope that the ship would arrive safely. There would be no one at the helm to navigate the seas, no one to make sure it stayed on route, no one to avoid the storms or to take advantage of currents. In my opinion it is a pretty bad approach to something as critical as monetary policy. + +With respect to Ethereum's dynamic monetary policy: I don't see any evidence to suggest developers have been enriching their pockets by keeping issuance at the levels they are. Developers are stakeholders and the Ethereum fund holds a lot of ether - debasing ether is against their self interest. There is a great misunderstanding that the one's who are adjusting issuance are the recipients of the new tokens. Is there any documented case of this happening? + +**EDIT 5: Addressing Bitcoin's immutable monetary policy** + +The idea that Bitcoin's monetary policy cannot be changed is a myth. It is a false narrative that takes for granted that the issuance subsidy will no longer be necessary at some point, but there is no way to objectively assert this. There is no divine power preventing the monetary policy from being changed. If the security model for Bitcoin was jeopardized because of insufficient cash flow to miners, then Bitcoin's monetary policy would be the first thing on the chop board to go in order to remedy the situation. + +**EDIT 6:** Five years ago naysayers were screaming about how everything that is being done TODAY in the Ethereum network would never work. Now they are calling Ethereum a scam, or that is is a platform for degenerate gamblers, or that the fees are too high and therefore it is useless, or that it can't scale, or that something else better is just around the corner to take its place.... you know... basically all the things that traditional bankers have to say about Bitcoin, maxis are saying about Ethereum. + +**EDIT 7:** The greater the impact a new technology can have on society, the more difficult it is to comprehend its potential. Ethereum has the potential to have a dramatic impact on human civilization. It could take decades for it to be fully realized, but it would change the world in ways that we cannot possibly imagine today. If it happens, the moon will be just a pit-stop. + +**EDIT 8:** Thank you so much for all the awards! Ethereans understand this stuff, and I could feel the frustration in the air every time someone said that Ethereum is not money, or that ETH and BTC are completely different things, or all the other bs attacks that are in great part founded on a lack of understanding of how BTC and ETH actually work. I would love to hear what guys like Raoul Pal, Pomp, Michael Saylor and Fernando Ulrich (for my Brazilian friends) would have to say about some of the things that have been written here. If you know a way to get their attention, then please do it. + +**EDIT 9**: Clarification about Lyn Alden's opinion of Ethereum + +**EDIT 10:** I am still working on a much more ambitious write up. It is focused on economic aspects of money, monetary systems and global asset markets. I still have not incorporated any of the information written here, but I eventually will merge it together. One of the main new ideas that I am exploring is challenging the notion that money has no intrinsic value and that scarcity is the most important attribute of money. I think I make a compelling argument to demonstrate that facilitating economic activity is more important, and how Ethereum has a big edge over Bitcoin in this regard. Here is the [link to the WIP doc](https://docs.google.com/document/d/11oCA9iPtv6s-twhW6PdSpiENKCbeW7aJJO9Jv8KEc2g/edit?usp=sharing). + +**EDIT 11**: Updated the link for the WIP doc. + +**TLDR**: Ethereum is not stopping at the moon... it is not stopping on Mars... it is going straight out of the Milky Way galaxy in search for alien life... but you should own some BTC just in case the spaceship malfunctions during launch. +How do do you think about money differently, if at all? + +How has your spending changed? More holidays and midlife crisis buys? + +Has this changed your financial goals? If so, what’s next? + +Thanks! +As the title says, I am 22 years old and have $2000.00 in my savings account (I started saving a little over a year ago) but the interest that Chase is giving me is more annoying than it is anything else because it's so little. (I get an interest payment of $0.01 every few months...) + +Is there more I can be doing with this money? I also bank with a credit union but they told me they don't offer any incentives for savings accounts. I feel like my money sitting there just isn't doing the most it can. + +Thank you for any help! +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 bragging to a minimum; remember every dollar you make is a dollar someone else lost. +I have simple tastes when it comes to vacations, but I’d pay dearly to have a vacation that wasn’t complete dominated by the normal routines of getting my one and five year olds to eat, sleep, use the bathroom, or just not having to bend to their whims every 5 minutes. There is also the fact that flying with young kids and all their crap is a form of torture. + +What services do you use? Or should I just accept that I’m in baby jail for a few more years? We have tried to hire nannies to come on a few trips and they have either bailed or tried to negotiate to only work 4 hours a day or something. My guess is that more professional services exist, but I have not found them. + +Thanks for the advice! +http://www.npr.org/sections/money/2017/01/04/508261371/episode-443-dont-believe-the-hype + +>Note: Today's show originally ran in March 2013. + +>You may have heard about a big milestone coming up for the Dow Jones Industrial Average. It's been all over the news: The Dow is creeping up towards twenty thousand. It's been hovering just below that mark for weeks now. And people are kind of freaking out. + +>But here's the thing about the Dow: It doesn't matter. + +>It's no secret that we here at Planet Money think the Dow is a terrible economic indicator. We don't like that it only looks at thirty companies. We don't like the way it does its math. We think it does a bad job reflecting the overall economy. Honestly, we're not sure why everyone is still talking about it. + +>So, today, to contribute to the frenzy over Dow 20,000, we explain how the Dow is calculated—and why you should ignore it. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, I'm a little short on time to write this, so I'm going to have to keep it simple: I cannot express how much I appreciate all of you, and what this community has become. Whenever I get the urge to check out the other subs related to 'meme stonk' trading, it is a nearly instant reminder as to just what a special place this is. Mixed into a steady stream of purple rings, we see some truly great DD get shared, debated, sometimes debunked, and rise to the top, all while keeping things civil and productive. Just the right amount of hype, shitposts, and other discussion gets through as well. The mods have just the right touch to usher the community through the good times and the bad. The whole world is represented here, and the gusto that Apes everywhere bring as they Diamantenhände their shares is infectious. As we conclude this week and look forward to next week's earnings, I hope that we can maintain this quality community well beyond the MOASS. + +Today is Friday, March 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: **$102.37 / 92,35 €** *(volume: 709)* +- 🟩 115 minutes in: $102.36 / 92,34 € *(volume: 709)* +- 🟩 110 minutes in: $102.04 / 92,06 € *(volume: 619)* +- 🟩 105 minutes in: $101.90 / 91,94 € *(volume: 287)* +- 🟥 100 minutes in: $101.86 / 91,90 € *(volume: 274)* +- ⬜ 95 minutes in: $102.18 / 92,19 € *(volume: 274)* +- ⬜ 90 minutes in: $102.18 / 92,19 € *(volume: 221)* +- 🟩 85 minutes in: $102.18 / 92,19 € *(volume: 195)* +- 🟥 80 minutes in: $102.02 / 92,04 € *(volume: 194)* +- 🟩 75 minutes in: $102.40 / 92,38 € *(volume: 193)* +- 🟩 70 minutes in: $102.36 / 92,35 € *(volume: 183)* +- 🟥 65 minutes in: $102.34 / 92,33 € *(volume: 181)* +- 🟩 60 minutes in: $102.34 / 92,34 € *(volume: 176)* +- 🟥 55 minutes in: $102.32 / 92,31 € *(volume: 176)* +- 🟥 50 minutes in: $102.33 / 92,32 € *(volume: 167)* +- 🟩 45 minutes in: $102.39 / 92,38 € *(volume: 167)* +- 🟩 40 minutes in: $102.33 / 92,32 € *(volume: 166)* +- 🟥 35 minutes in: $102.30 / 92,30 € *(volume: 150)* +- 🟩 30 minutes in: $102.49 / 92,47 € *(volume: 104)* +- 🟥 25 minutes in: $102.43 / 92,41 € *(volume: 104)* +- 🟥 20 minutes in: $102.45 / 92,44 € *(volume: 104)* +- 🟩 15 minutes in: $102.49 / 92,47 € *(volume: 96)* +- 🟩 10 minutes in: $102.48 / 92,46 € *(volume: 89)* +- 🟩 5 minutes in: $102.47 / 92,45 € *(volume: 89)* +- 🟩 0 minutes in: $102.29 / 92,28 € *(volume: 89)* +- 🟥 US close price: $100.56 / 90,73 € *($101.56 / 91,63 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1084. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I live in a state with pretty low vacancy rates and rent that has been going up 10% a year or more. I happen to be lucky and have been renting the same townhouse for several years now with minimal rent increases such that my neighbors in identical domiciles are paying 30% more rent than I am, which means if I theoretically wanted to just move into the townhouse next door my rent would go up 30% overnight, so moving into a rental house would be an even bigger increase in housing costs. + +I've always thought if and when I bought a house it would be through a foreclosure or property tax lien to try to get a great deal, but the way things are right now foreclosures aren't as viable an option as they were during the housing crash and a property tax lien is a multi-year investment that has the chance of merely resulting in getting a ~10% ROI instead of property with a home on it, and even then there's the additional risk that the previous occupant guts the house or makes it unlivable when they lose their home and property over not paying taxes on it. + +Looking at typical home prices in my area, it almost seems like it makes more sense to buy a parcel of land for a reasonable price ($50k-$100k) and then build a modest house on it ($100k-$200k) than it does to buy any property with an existing home on it. + +What say you PF? +We're on the precipice of the greatest once in a human race event that will change the lives everyone and their generations to come. The MOASS is imminent. + +With the historical and shady past that Robinhood has had... Can you in good conscience believe that there won't be any problems when the squeeze happens? These guys will fuck you over again. THESE MOTHER FUCKERS FORGOT ABOUT A LEAP YEAR AND STOPPED TRADING A WHOLE DAY WHICH FUCKED OVER THOUSANDS OF RETAIL INVESTORS NOT TOO LONG AGO AND THEY WANT TO BE TAKEN SERIOUSLY!!! This isn't new either. They've stopped trading on the past and have hurt and ruined people financially because of their incompetence. They always have shitty servers at the most inconvenient time too (coincidence??? Who knows.... But it's happened too many times) and most recently they've stopped retail again from buying into the baby squeeze. Even more recently... Doge couldn't be bought or sold. WTF! + +Do you really have confidence in Robinhood to deliver the basics of buying and selling when it counts? If you have to even justify a reasoning for their past bullshit, then you've proved my point. No other real broker has had any of these problems because these problems just shouldn't even have to happen. I mean for real... Robinhood doesn't even have a customer service line for you to call and address your financial needs in a timely manner. You have to deal with an email reply that's 2 weeks too late (I know). + +Get out of Robinhood. Get out of Robinhood now before it's too late. GET OUT OF ROBINHOOD!!! I moved to Fidelity in less than 2 days and am ready for the MOASS. So can you. Do it. Are you ready...? + +Let's go the moon everyone! I want to see everyone of you apes there. They say no apes left behind... And getting the right broker is the first step. Let's go! + +This is not financial advice. Do what you want. +I didn’t consent to living life but I’m constantly paying for it. Why does everything have a price tag? + +I literally just started saving a little and getting by being super frugal. But I was still happier than before. And then life just fucks you over because why not.. + +Edit: thank you everyone for the advice/info/support. I’m going to look into it more but it seems I have more options. Unfortunately the person I spoke with on the DV hotline told me to have all my important documents together for when a spot opens up and I need to move fast. She said all the documents would be needed to get me in as well so I’ve been prepping by keeping everything ready. That’s also when I noticed (luckily) that my passport was expiring soon. + +I’m not planning to travel Internationally soon but the long term goal is to leave this country, and all the traumatic memories associated with it, for good. I think I’ll look into the passport card instead so I have it as a point of ID for now. Hopefully I’ll have more money for a book in the future. + +I have to call my DV contact again and see if any of the local shelters I’ve been trying will take me in without all my documents. Now that I think about it, most people leave everything behind so that shouldn’t be a requirement. + +Idk if I’ll get around to responding to everyone, but I seriously appreciate all the advice and help 💙 +These days i think most people like me would be pirating the majority of their content, i have never really felt guilty doing this because at the end of the day i know that the actual artists involved are getting jack all and most of the money from my purchases wont be going directly to them. + +Now things are changing, now i can support someone and appreciate their content and know that 100% of my hard earned money is going to the person that deserves that money - the creator of that content. + +I really hope more artists, comedians, musicians etc jump on board, throw up a bitcoin donation address on their website, upload files with bitcoin payments. I think they would be suprised how many people then want to give to them instead of sidestepping the music labels/agents etc and getting it for free instead. + +I could go right now and download his stand up shows off utorrent, but for first time i will not do this. Because i now know that i can support someone directly. + +At the end of the day EVERYTHING ends up on bittorrent, no matter how much people want to try to protect their content. Give people the option to pay you directly and you will see a huge change in people's thinking. + +Good luck to you Louis, thank you for what you have done and i hope more people follow suit. Bitcoin is a game changer. + +**Update** : People are completely missing the point of this post. I not once justified or said piracy was good. Yes i pirate, but i also agree it is bad. The more connected/personal feeling i get using bitcoin has caused me to stop and think more about it though. No one can deny that sending people bitcoin online definitely has a more personal feel to it then any other payment method before it, other then cash face to face. The comments on this post have just turned into bashing me and trying to ague a point that i already agree with.. It's ridiculous. + +If i didn't agree with the fact that piracy is immoral i obviously wouldn't have made this post in the first place. Calm down everyone. +I'm sure you guys have been hearing a lot of this and I don't mean to beat a dead horse, but you guys need to consider something... + +These are each of these asset's returns over the past month: + +NIO: 89.35%, + +PLTR: 82.41%, + +XPEV: 174.67%, + +CRSR: 64.75%, + +LI: 99.79% + +We all know that the idea of the game is to buy low and sell high... it goes without saying that each of these assets are ready to cool off a this point. The markets are barely moving up yet these stocks have rocketed to the moon in basically no time at all; it doesn't make sense. + +&#x200B; + +Now I will ask you, don't you agree with me? Well guess what, If you do, you just failed the test. I lied about those returns, they were the monthly returns prior to today. + +Here are the monthly returns including today's trading day: + +NIO: 112.92% + +PLTR: 111.46% + +XPEV: 267.84% + +CRSR: 85.13% + +LI: 128.72% + +If you agreed with me, you just threw out your one-way ticket to the fucking moon. + +In summary, there is no such thing as the top, "buy low, sell high" is officially being replaced by "buy high, sell at the stratosphere." Stocks go up. + +TLDR: The moon is still far away, just less far away than yesterday. + +Edit: 🚀 🚀 🚀 +&#x200B; + +https://preview.redd.it/ca5lezxgfts81.png?width=1106&format=png&auto=webp&s=7f341a3ac1732d5712d620485c5fa6fab4ba4cfe + +First - I don't care who he is. He may be a good guy. He may be a shill. He may be someone trying to make a name or buck by glomming on. Doesn't matter to me because by getting his name thrown around Superstonk he has more apes than I can count looking at his entire history. Personal, Financial, People his companies have worked with. It will be found. + + +Second - I'm just going to wait and watch this week to see what pops up here. The timing is a little suspect but all apes are welcome. Having an issue with BCG carries some water with me. + + +Third - Best of luck on the internet colonoscopy the apes are going to give you, Mr. Pulte. Hope it goes your way. + + +I just like the stock. BUY, DRS, HOLD +Interesting paper about Backtesting, overfitting, and why most of the strategies are great in backtesting but they don't perform as expected with online trading. + +[https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3895330](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3895330) + +By David H. Bailey and Marcos López de Prado +I am paper trading my crypto algo and implemented a static stop loss (sell < -2%) on some of the trend strategies. + +For at least two years I was always backtesting any strategy I‘ve built but it never gave me the results on the following paper trades so I have abandoned it moving patiently forward by playing out scenarios in different markets. The stop loss is now required because I mainly trade very volatile assets. + +I‘m curious how you deal with your stop loss. Do you dynamically set it by using moving averages or sort of? My plan for now is moving forward by adapting the -2% to -3% etc. and potentially multiply it with some MAs. +Segwit2X was never going to happen, this is a planned market manipulation and we've seen this type of thing happen before, albeit on a smaller scale. + +The team behind Segwit2x and heavy supporters of BCH have basically played every single weak handed 'hodler' in Bitcoin. After BTC rose to new highs after the cancellation of the hard fork, these people took their profits and used them to pump Bitcoin Cash. They'll do the same thing with Bitcoin Cash when everyone floods in due to FOMO, and then they'll put their money back in the dipping BTC and make a HUGE profit. + +Lets look at an argument made heavily on the bitcoin cash sub. They claim that Bitcoin Cash will actually replace BTC and take over its name, effectively becoming the new bitcoin. For this to happen, each exchange would have to unanimously agree on what the 'real bitcoin' is and the first exchange to switch their definition of bitcoin to BCH would be at least HALVING their customer base/trade volume instantly. I say halving conservatively since I'd say a lot more than half of the crypto community are team bitcoin not team bitcoin cash. What business in the right mind would essentially fuck themselves by doing that? + +Luckily they won't need to worry about such things since increasing the block size DOES NOT scale long term. The flippening will not happen. I'd be interested to hear any differing opinions. I think the miners who want BCH to be the real deal are underestimating that increasing the block size to 8MB will not prevent the dramatic slowing of mining once the mining space is oversaturated, like we've seen from BTC. + +Open to any counterarguments, let me know what your thoughts are. + +EDIT: aaaaaaand here's the dump. + +EDIT 2: Changed BCH to BTC last paragraph sorry for confusion. +*Buy. DRS. Hold. I'm looking forward to the moment when it is shown that the float has become locked.* + +# 1. This is MY country + +&#x200B; + +[You see, Kenneth, I don't just have a copy of the U.S. Constitution. I also have official copies of the Give Me Liberty Or Give Me Death Speech, the Declaration of Independence, the Bill of Rights, the Emancipation Proclamation, The Pledge of Allegiance, other documents, and The American's Creed, which states: \\"I therefore believe it is my duty to my country to love it, to support its Constitution, to obey its laws... and to defend it against all enemies.\\" You, Kenneth, are the enemy.](https://preview.redd.it/ymxw10k7fre91.jpg?width=3811&format=pjpg&auto=webp&s=ddc063c94b085979c427325d22e7ad44ffedad18) + +Kenneth, I did serve for well over a decade during the War on Terror. It became a routine to deploy overseas; I sacrificed nearly the entirety of my twenties. I flew TACAIR (Jets, Strike). I then spent my early thirties educating myself with over five advanced academic degrees. The oath I took \[and that you didn't take\] was: + +>*"I solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic, that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter, so help me God."* + +Yet, everything that I have fought for, for MY country, has led me to today. This forum. This New War on \[Financial\] Terror. ***Thus, I have academically, professionally, and by-oath identified you - Kenneth Cordele Griffin (born October 15, 1968) - as a*** ***Financial Terrorist*** ***and bona-fide enemy of the United States of America.*** + +&#x200B; + +# 2. Facts of the Case + +&#x200B; + +**Definitions:** + +Failure to Deliver (FTD): + +&#x200B; + +[From the SEC's Failure to Deliver webpage: This is how a Failure to Deliver is defined. The SEC keeps this 'fuzzy', as can be seen in the definition, in order to shield the perpetrator\(s\). So, we are forced to use Maths in order to overcome their deception here. You see, it would have been easy for them to simply allow for identification of 'new' fails as an independent parameter, but they don't. Further, the data, as is, is global, and cannot be tied to any one entity, hence the source\(s\) sentence. Again, the SEC does this to shield the identities of the perpetrator\(s\).](https://preview.redd.it/px1aiqobjre91.png?width=1122&format=png&auto=webp&s=101cb283ada5e54884b91dca834193416e2ef8c0) + +&#x200B; + +[Notional FTD 'Balances' as graphed in excel. Values below $25M were used to weed out noise, and values above $100M were considered outliers. Note that substantial area under the curve occurred, in a similar fashion to January 2021, in June 2022. It is clear that these failures to deliver \*precede\* major runups in underlying price.](https://preview.redd.it/0s1z0eo71se91.png?width=1221&format=png&auto=webp&s=ddde1df32eb98aa0bf14eea3fa249b4bf93495cf) + +&#x200B; + +[Further, we can assess the 10-day moving average of FTDs. As we can see, last month we began to touch upon January 2021 levels of FTDs, indicating that there was a clear attempt for funds to keep the price as low as possible prior to issuance of the dividend. Also note that FTD data for the dividend period is yet to be released, but the chart shows a runup in FTDs again a week before the dividend.](https://preview.redd.it/muhxwdsoase91.png?width=1165&format=png&auto=webp&s=8fa1758fae637b5a15663f01c34b1d71d8ee9108) + +&#x200B; + +# 3. Maths and Sciences of FTDs + +Based on the FTD definition, we lack *clear* data on how much value has been failed to deliver. However, that doesn't mean we cannot take a stab at trying to figure it out. + +What the FTD definition cannot hide, nor deceive upon, is a rise in an FTD from one day to the next. By the SEC's own definition, the FTD is a **live balance with no data on the activity underneath the surface**. + +As you know from your own credit card balances, if the balance had gone up from one day to the next, then it had to have been due to a spending. This doesn't mean that you couldn't have paid down that balance somewhat, with an unknown deposit, during that time. It just means that *spending absolutely outweighed the payback, and AT LEAST by the amount shown.* Let's simplify this. + +We can breakdown the FTD data as either rising day to day, or falling day to day. There is no way the SEC can get around accounting. When FTDs rise from one day to the next, we can deduce that NEW shares indeed failed to deliver. If it falls, we can safely deduce that the balance was lowered. We can get into the predicament of falling numbers in the next section. + +Therefore, we use the statement: + + Minimum number of New Fails =IF(D2>0, D2, 0) + + where D2 is the change (+ or -) from the previous day + +and + + Minimum number of "Fails Settled" =IF(D2<0, D2, 0) + + where D2 is the change (+ or -) from the previous day + +&#x200B; + +[Then, we go back 18 years and add up all of this. This should give us the amount of fails to deliver that absolutely were triggered, in raw number of shares, during that span.](https://preview.redd.it/p7t6pt0jise91.png?width=302&format=png&auto=webp&s=2f73032edc9f45dbed923cc9eb946cdeea29738b) + +&#x200B; + +123,167,765 shares x $136.16 \[which is the pre-split-current-price\] + += $16,770,522,882.40 + +# At least $16.77 Billion worth of $GME (in today's share prices) were absolutely failed to deliver in time over the last 18 years + +Let's then graph these New FTDs, by raw numbers of new shares that showed up as new FTDs, and try to analyze - by timing, flux, and order of magnitude - how it correlates with previous price action. Let's look at before the sneeze, and up to today. + +&#x200B; + +[We can then graph these 'New' FTDs. This shows raw jumps in the FTD balance only. Here is a scatter plot. The trendline indicates that FTDs bottomed at the end of 2021, but are now 'back on the menu.' There was a visible 'departure' from the 'low magnitude' New FTDs prior to the January 2021 Sneeze. Then, there was a 15 month period of notably low magnitude New FTDs. Now, there is a departure again; from the low magnitude New FTDs to now a flux increase again of high magnitude New FTDs. Therefore, it is reasonable to assess that the current condition of GameStop stock is that it is now in 'Pre Squeeze' conditions. These pre-sneeze and pre-squeeze periods reveal exacerbated short-selling of $GME to try to keep the price from running up, yet the data shows that when this happens, it only leads to a more significant runup in price.](https://preview.redd.it/1j2j5w99zse91.png?width=1230&format=png&auto=webp&s=48313157d42666d55899bd1bd2e01736f75893d2) + +&#x200B; + +# 4. So, we have now proven that we are in 'pre-squeeze' conditions for GameStop, based on New-only FTDs. But, what is actually happening when the reported FTD number goes down from one day to the next? + +The standing community consensus is that hedge funds and market makers 'hide' their reported shorts and reset the FTD clock to where FTDs would not show up on this table. But this understanding is unclear. + +To make this more clear, there should be two categories: + +**1.** Shares sold short \[counterfeit, naked\] without the legally-required 'locates' of those shares and then completely unreported (and then completely missing from the FTD table) + +**2.** Shares sold short with the legally-required locates and then able to be publicly reported on the FTD table when it does become undelivered. + +&#x200B; + +Here we are only going to look at #2: + +&#x200B; + +[$GME FTDs can increase in a day for only one reason: GameStop shares specifically Failed to Deliver. However, the day-to-day FTD balance, as defined here, can Decrease for a multitude of reasons. Any stock, asset, or ETF that can be classified as 'like kind' can be substituted for the $GME-specific FTD. Therefore, there is no requirement for hedge funds and market makers to close out $GME FTDs by purchasing GameStop-specific shares. This vague definition of \\"settling\\" FTDs is what opens Pandora's box to manipulation of GameStop. 'Like-Kind' implies any 'meme' stock, ETF, or ANY other security \(even crypto perhaps\) that is self-argued to have similar 'risk' \(i.e. \\"closing out\\" these $GME FTDs by buying droves of zombified OTC tickers\). The SEC, by their very definition, is complicit in a complex scheme to hide this activity. There, very well then, could be at least $16.77 Billion worth of other securities and types purchased in the last 18 years that were used to compensate for the $GME specific FTDs. The true sum, including category #1 above \(the hidden\/naked\/counterfeit\), would push above $16.77 Billion.](https://preview.redd.it/b9ym6w4n4te91.png?width=1169&format=png&auto=webp&s=93cbcf5883a003106a151135bcfc7b37829cf176) + +&#x200B; + +[Simplified Diagram \(not to scale, and stays within the scope of our discussion\)](https://preview.redd.it/siqjmw780ve91.png?width=816&format=png&auto=webp&s=934e0978cda66a86db9a40dd447893b313d893d8) + +&#x200B; + +References: + +[GME Failure to Deliver (FTDs) | ChartExchange](https://chartexchange.com/symbol/nyse-gme/failure-to-deliver/) (FTD data was downloaded from here) + +[SEC.gov | Fails-to-Deliver Data](https://www.sec.gov/data/foiadocsfailsdatahtm) + +[Final Rule: Short Sales; Release No. 34-50103; July 28, 2004 (sec.gov)](https://www.sec.gov/rules/final/34-50103.htm) + +[Key Points About Regulation SHO (sec.gov)](https://www.sec.gov/investor/pubs/regsho.htm) + +&#x200B; + +# 5. TLDR (Conclusion) + +It was shown why this country is far more **Mine** than it is Kenneth Cordele Griffin's. I do own more copies of every core, historical, American founding document. Further, we analyzed Failures-to-Deliver (FTD) by definition. Although the white house today is attempting a coup on the definition of recession (to attempt to aid their november political elections) the FTD definition comes from the SEC. The FTD definition is purposefully-vague (so much so that it can be considered a criminal coverup of accounting activity). + +$GME FTDs is essentially an 'active balance' of undelivered GameStop shares, showing no details of activity. We, however, broke this down to assess day-to-day increases of FTDs to be able to analyze New-Only FTDs. By analysis, using this data, we showed why $GME is now in a rare 'pre-squeeze' condition. We then showed how at least $16.77 Billion of $GME FTDs very-well could have been ""closed out"" simply by hedge funds and market makers buying securities that they argue are 'like-kind' to $GME. This is the legal-definition-based bridge where the SEC allows bad actors to "settle" droves of $GME FTDs by buying non-$GME securities, such as \[newly-made-non-transparent\] zombified OTC tickers, and hiding them behind the \[newly-made-non-transparent\] swaps. + +Note: This analysis considered only *reported* FTD information. The bulk of failures to deliver, however, are estimated to be vastly unreported. Therefore, the number of **$16.77 Billion** minimum in failures to deliver serves as a baseline minimum of notional value of specific-$GME that was shorted, undelivered, and then "*""settled"""* using either GameStop shares ***and/or*** using 'like-kind' means. + +*Buy. DRS. Hold. I'm looking forward to the moment when it is shown that the float has become locked.* +My partner and I are very interested in a house that we've viewed, put an offer in and are now going to best and final offer. Interest is very high in the area we're looking and this has definitely been the best property we've seen come up in quite some time, so sure others are feeling the same. + +The property was listed as offers in excess of £330k, because we know how quickly things are moving in the area and this house feels right, we went in at £335k. The agent has now come back and said the vendor is wanting to go to best and final offers. Obviously this is annoying as we have no idea what other's have offered so don't know where we stand... + +We want this house and feel like emotionally we'd be ok going as high as £345k as this is still well within our budget and it ticks more boxes than any house we've seen. However, would this be a mistake financially? + +It's difficult to get a read on what properties are worth in the area because the market seems insane at the moment, we tried to view a different house the day it was listed only to be told it had gone for £10k over asking already! Similar properties are few and far between, this house is on a small street amongst 2 other small streets so any comparisons aren't the most recent, haven't had half the amount of work done this house has and don't really account for the craziness that covid seems to be causing. + +We're both first time buyers so starting to feel a bit lost and don't want to get carried away and make a mistake on our first house. We seem to be stuck in a spiral of "We'll regret it if we don't offer 345 and don't get the house" vs "What if the house isn't worth that and we're overpaying?" + +I guess my main question is, at what point does paying over the amount listed for offers in excess of become a bit silly? Is it worth paying more than may seem sensible to secure a house if it remains in budget? + +Thanks to anyone reading, any help/suggestions are greatly appreciated! + +Edit: In case it helps, house is in north west which google results seem to suggest is seeing quite a bit of growth in the housing market at the moment. +A bit of a background picture before I drop into the main picture. I’m 24 and graduated in 2017. I’ve only been in full time employment for just over a year, as I as working part time and volunteering for about a year and a bit following graduation. Currently working in insurance. + +Anyway, yeah as the title suggests there’s a high chance I’ll be losing my 17k job this coming week. I’m currently in the probation period and it turns out I’m not just cutting it. Turns out that someone with a severe speech period isn’t suited to be being on the phones. Who would have thought it. + +I’ve got a flawless track record and I’m hoping that my current role will give me a good reference due to my punctuality. But still, I’m concerned that this may be viewed as a black stain on my record. + +I’ve got a 1.5K overdraft from uni that I could rely on but as you can probably understand I would rather not dive deep into that. Is there anything I could do right now to prepare for what seems like my inevitable unemployment? I’m more than less clueless when it comes to personal finance and the respective processes of having employment terminated. Any advice would be greatly appreciated as I’m currently tearing my hair out from stress. +Already posted this to /r/depression, but since I feel like financial independence would solve a big part of my problems, I'm posting it here too. + +It's the first time I actually write about this, even though I have talked about it with 2 different psychologists. I'm 26, suffer from social anxiety and depression, never been in a serious relationship, and graduated in engineering a year and a half ago. I feel severe anxiety when talking to people who I don't know well because of fear of judgement. People tell me I look really calm, but deep down that's just because I have learned to hide my anxiety. + +I'm just writing my story to see if anyone identifies with it and/or can give me some insight on possible solutions. +I have always been very ambitious. I have always wanted to be the best at what I do, and I always expected to be able to get payed really well for doing it. During my studies I studied really hard in order to be the best of my class. Having the best grades made me feel special, and that filled the void that my inability of connecting with people created. But I knew this void wouldn't stay filled for long. Some days I would spend 12 hours straight studying. Now I see how naive that was, but at the time I felt like I just needed to endure this chore until graduating, and everything would be so much easier when I got a job - money would flow and I would be living a carefree life. + +After I started working I got hit by a very harsh reality - all that sacrifice I made while studying wasn't a free pass for a carefree life. If anything, it's worse now, and I am expected to do it 5 days a week, for the rest of my life. Working 40 hour work weeks drains all the energy from me, and I don't have any more energy to do anything else on my free time. Plus, I don't feel like doing my job is rewarding at all, and I have no idea at this point whether there would be anything I would be happy doing for 40 hours per week. I really don't want to do this, and the hard truth is that it's the norm on today's society. This makes me feel extremely depressed, as I feel like I'm wasting my life away. What tires me the most is having to be surrounded by people all day long. +Yesterday I actually hung out with a cousin whom with I have a special relationship NO ONE gets. His views on politics, religion, economic policy etc are %100 percent different than mine. We're both from a less than friendly area of Philadelphia and now live in a very peaceful comparatively Colorado. We tare into each other HARD. We both enjoy it and actually communicate pretty effectively. When I told him about game stop 6 months ago he OF COURSE had to go 100 percent against it. + +&#x200B; + +I joined this thing back when WSB was small. Early January on Robinhood. A bomb goes off and wsb splits. Some people went one way. Some people went another way. A lot of new people rushed in. I moved to GME and then to Superstonk. Superstonk is ... just so much good stuff. And its got a pretty good handle on a lot of the bad things. + +&#x200B; + +We are not organized by color, age, location on the planet, political affiliation, education level, career path, height, weight, physical abilities, thoughts on drugs, abortion, the death penalty, guns, welfare, you name it. That shit happens in other groups and pages, and in the real world. It doesn't happen here. Hummm + +&#x200B; + +We went through a thing where it was x xx xxx ape for a little bit. It ended up stopping. Probably because no one cares. If you were an x ape this weekend you have between 215 ish bucks and 2,150 ish bucks. You will be treated equally here. We have all been there and we all get it. The price is so volatile if you were here back when we did this you probably aren't calculating the exact value anymore. You know it'll change. You know you're not selling. You might think someone with $21,500 and $215,000 in savings would be treated differently. At a bank you'd be right. Not in here. Now a days the most talk about it is when someone says they graduated from x to xx or xx to xxx. Its always met with cheer and applause. no one holds anyone down here. Everyone is proud of everyone. That's pretty cool. I guess if you really think about it a group with no real leaders tried to organize them selves based on a dollar value, it felt unnatural, and we stopped doing it. Hummm + +&#x200B; + +Some of us make great memes. Some of us are bad ass at math. Some of us are bad ass at networking. Some of us volunteer countless hours just to keep 480,000 voices organized while usually 20% - 25% of them are on at the same time even on weekends. Some of us dig for research. Some of us just lurk. Some people paint. Some people make songs. Some people fly drones. Some people drive cross country to accomplish the same goal you could accomplish online just to be there for it. You could even come up with something new and cool. Some of us used to work for Citidel and have been on cnbc. Some of us make informational videos. Some of us are awesome at cyber security stuff. Please feel 100 percent free to choose your own level of involvement. You are. Do what you want. First thing I would do is dig into the DD and catch up on the YouTube videos. If you find a hole in any of it. Scream it out. If anyone ever shows you a hole in it. Scream it out. Let's talk about it. + +&#x200B; + +There is a sub called GME\_meltdown. It exists to make fun of gme, which is fine. A lot of us lurk there looking for holes. We find funny memes and no data. If someone ever did the it would be hung on the wall for all to read, analyze and discuss and then ultimately decide on. There is also a group with a financial interest in breaking this group up. Youll figure that part out quick. It's weird that those places would exist if there wasn't SoMeThInG going on with this company. Hummm + +&#x200B; + +At the heart of it there is this company called Gamestop that for one reason or another everyone here kinda digs. Some of us worked there. Some of us shopped there. Some of us play video games. Some of us don't. The cool thing is Gamestop, regardless of your relationship with it is in pretty good shape. It's coming out of a rough time where those with the money thought it was going bankrupt. And they were almost right. You've heard the blockbuster of videogame stores comments. Another brick and mortar. Yep. And they were almost right. But it turns out they were very very wrong. A bunch of the right people got involved and made some right moves. The company paid off all of its debt and is pivoting to be a major competitor in the e commerce and tech industries. This activity has garnered attention from all over the globe. It it has made its impacts too. (READ THE DD) Everyone here is excited because we believe in the company and it is going to turn into something cool. Something world changing perhaps. + +&#x200B; + +I finally got to explain that to my cousin this weekend. + +&#x200B; + +"Hummm... Dude you might have got in early. I am gonna have to take a look at this." My cousin quietly admitted after a half hour calm rant from me. I never thought my cousin and I would agree on the color of the sky, let alone this. + +&#x200B; + +Something is going on and it all surrounds GME. This is a thing I'd rather be in then out, and I made the decision on my own to go all in a while ago. I admit I am anxious to see the end soon, but I can wait as long as it takes. + +&#x200B; + +This group deserves a major acknowledgement for what it is. Its a group of almost a half a million people from all over the world, all walks of life, and all belief systems sharing knowledge and experience they have, telling stories, making art, doing research, learning and teaching and GETTING ALONG. The company is doing some amazing things. And I believe this group is as well. This group alone is worth books, movies and further examination in the future. + +&#x200B; + +I hope you find your place here if you haven't already. To everyone who has, Thank you for everything you do to make Superstonk whatever it is, and will turn out to be. If you haven't, remember... You are always welcome here... And I don't know any other place on earth like that. + +&#x200B; + +What is it to you? + + +I am currently under contract on a 3bd/2b property in a strong college rental area. College is back to in-person here so lockdowns are not an issue (nor was it ever really). + +I can rent it for at least 1800 as a whole house, but I am considering looking at renting it furnished by the room to college students for 700-800 a bedroom depending on what I can get (one bath is attached to the master br so that room could rent for the higher end) + +Does anyone here have experience renting furnished (or unfurnished) houses by the room? + +If so, what apps/setups did you use to streamline the leases, how did you deal with potential conflicts/house rules? + +Major upsides/downsides to this type of arrangement? Etc + +Any insights are appreciated! +I posted this early last year, but am re-posting again now for younger Apes. Why? Because although **MOASS is inevitable**, I grant it is taking a while to play out... At least longer than what us original January (and even more ancient) OG Apes thought it would take in our innocent, naïve, less wrinkled youth. + +Due to that, I am sure all of us have had at least *some* self-doubts over all this time, given the kind of people and institutions on the other side. But I want to show to you that they are not only as smooth-brained as the rest of us, but sometimes make decisions that are downright retarded - in the *other* meaning of the word... + +In fact, history is absolutely *littered* with stories of the "great and the good" making monumental errors of judgment. Sometimes leading to them suffering enormous opportunity costs, but often times leading to their complete downfall and extermination. + +Don't believe me? Need some examples as *inspiration* for another day of hodling? Well, here is a list I have made of ten such examples through the ages - I am sure there are countless more. Note that the last one is an ongoing historical event... + + +**1184 BC:** According to the legend Priam, King of the Trojans - despite receiving advice not to - choosing to accept a giant, commemorative, wooden horse inside the city walls as a gift from the retreating Greeks. + +*Outcome = The hollow horse held Odysseus and his men, who opened the city gates at night and allowed the Greek army to enter and sack Troy to the ground, burying it under the earth until its eventual discovery and excavation in the 19th century.* + + +**50 AD:** The Greco-Egyptian mathematician Hero of Alexandria's invention of a basic steam engine, being treated mainly as a curiosity in the Roman Empire and not put to any real, practical use. + +*Outcome = The world had to wait another 17 centuries for the English to start the steam powered Industrial Revolution and begin our modern, industrialised age.* + + +**1219:** Content with his conquest of China, Mongol Emperor Genghis Khan sending an envoy to the Persian Khwarezmid Empire's Shah Muhammad II with the message: "I am master of the lands of the rising sun while you rule those of the setting sun. Let us conclude a firm treaty of friendship and peace”...only to be sent back the envoy's head in a sack, as a grisly and emphatic rejection of the proposal. + +*Outcome = An enraged Genghis invading and killing 15 million Persians as revenge, and from there setting up a platform to capture most of the Eurasian landmass.* + + +**1405:** The Chinese Ming Emperor Yongle sending Admiral Zheng He's huge fleet to most of the known world, but choosing to make these expeditions for mainly economic and commercial objectives, rather than gaining territorial control. + +*Outcome = Within 150 years, the Western Europeans had instead captured most of these lands as colonies, and relegated China from its normal position as the preeminent global power to half a millennia of decline.* + + +**1520:** Aztec Emperor Moctezuma II allowing Conquistador Hernán Cortés and his troops in as guests to his capital, Tenochtitlán. + +*Outcome = The Spanish took Moctezuma II hostage, eventually leading to his overthrow and death, triggering a series of battles and, especially, devastating pandemics that eventually led to their conquest of most of the Americas.* + + +**1664:** The Dutch selling Manhattan to the English for only $1143 in curent money. + +*Outcome = England renamed "New Amsterdam" as "New York", took control of most of the Eastern Seaboard from the Netherlands, and today Manhattan Island's real estate alone is valued at $1.9 trillion - higher than Canada's GDP (the country with the 9th largest GDP in the world).* + + +**1876:** Western Union boss William Orton, the largest telegram and communications company of its day, turning down Alexander Graham Bell's offer to sell them his patent for the telephone. + +*Outcome = As Orton did not see potential for the invention, Bell decided to set up his own business. This became so enormously successful that it had to be split into the "Baby Bells" to prevent monopolisation. These companies are today's AT&T, Qwest, Verizon and Alcatel-Lucent, still dominating the American telecommunications industry.* + + +**1941-42:** Adolf Hitler choosing to turn the Wehrmacht's 6th Army towards Stalingrad, instead of more strategically important (and easily attacked) locations along the Volga River in their attempted conquest of the Soviet Union, so that he could score a "symbolic" victory over Stalin. + +*Outcome = The Soviets launched a brilliant, unforeseen and completely improbable pincer movement, that encircled the Germans and their allies. Within six months, they had lost a million men in the frozen rubble of Stalingrad. The course of WWII was completely reversed towards the Nazis' eventual crushing defeat - the fate of the world turned on a single decision.* + + +**1962:** The London based record label Decca's head, Mike Smith, rejecting the chance to sign up The Beatles after a 15-track audition with the feedback: "guitar groups are on the way out" and "The Beatles have no future in show business". + +*Outcome = The Beatles signed up with the EMI subsidiary Parlophone instead, selling 600 million records and eventually becoming the most successful musical artists of all time. Even in 2020, half a century after they broke up, they had the second highest record sales of that year (after BTS) of any musical group worldwide. [Fun additional fact: The majority of these sales were in the 18-30 demographic. "60s music and pillow fights" show no signs of losing its appeal...]* + + +**2021-22:** Ken Griffin (Citadel), Gabe Plotkin (Melvin), Jeff Yass (Susquehanna), Vincent Viola (Virtu), Steve Cohen (Point72) and other hedge fund bosses choosing not to close their GameStop short positions in January 2021 for three figures per share. + +*Outcome = A bunch of retarded Apes - most of whom still don't even know what "DD" actually stands for - called into action and eventually helping to destroy said hedge funds, becoming fabulously wealthy themselves in the process, changing how financial markets operate, instigating social and environmental activities that change the world for the better, as well as taking space exploration to new limits.* + + +**TL;DR:** History has many examples of (so called) "great" men making huge errors of judgement, which cost them dearly. Usually caused by arrogance, over-confidence, superiority complexes and a lack of imagination. Apes are living in and creating the next great example of this. **HODL, DRS AND MAKE HISTORY.** +They seem to be grabbing up e-commerce, brick and mortar, wholesale companies left and right. Seems like they could be the dominant force in the weed accessories market. Financials look good to this layman. Are there any other companies occupying the same industry that are growing at the rate they are? +For some damn reason I struggle heavy with being consistent when I try to implement stop losses to my forex trades. I have two demo accounts and with one account I don’t include a stop loss on my trades and let it ride till I’m in profits, and with the other account its a god damn mess. I’ll make some then lose some and repeat till the end of time, small losses over and over again. I started both with $10,000 a couple months ago and the one account that I don’t use stop losses on is up about 120% and the account I use stop losses on is at a pathetic 1%. + +Anyone else have this issue? +If you have a leverage of 1:50 and risk 1-2% why is it risky to have 1:1000 if you are still risking 1-2%? Sorry if I sound stupid just wanted to know + +Edit: thank you for everyone’s responses, appreciate it I use 1:50 leverage anyway on FTMO so don’t worry about me using 1:1000 😂 +I've been experimenting with a live account with 1:1 RR setups for 2 months now and it seems to be more profitable. I've taken more than a hundred trades now with 60% win rate. And the good thing is it's easier on the psychology since it's relatively easier to get Ws. I'm just wondering if we have traders here who have been doing this for a long time and if so what's your experience like? Thanks in advance +I have been practicing on a forex paper trading platform for about 2 months now and still don’t have it down I am losing my mind with how much dedication I’ve put into this and I don’t want to fail. It occupies my mind all day and I just want to get this shit down, it seemed as if in the beginning of my practice I was doing better than I am now. + +It’s just really making me depressed as I see this as the key to personal freedom. +I'm backtesting the hell of my PA strategy before retaking the challenge as follows: + +Each backtesting "unit" is one month period of my favorite pairs ranging from Jan 2019 to Dec 2021. + +I'm taking aggressive 2 lots with 1% - 1.2% risk per trade on 20k/25k initial balance or 4 lots on 50k initial balance to getting used to higher risk exposure. Daily and max DD is always monitored. + +Profit target 8% - 10% within one backtesting unit. + +Spread is included, commission fee adjusted according to the challenge. Not placing trades on sleeping hours. News trading allowed. + +Pairs to backtest EU, UJ ... and probably US30 + +First priority is to improve statistics of winnings so that balance is positive at the end of each backtesting unit. Next is to improve percentage of profit on each unit, and finally improving statistics on achieving 8%-10% profit on each backtesting unit. The more unit backtested the more psychological burden I could overcome on the real challenge, hopefully. + +How's everyone else prepare their challenge? +I’m a newbie and only been Trading since November 2019. I’ve been doing USD/CAD and been an interesting ride the past month. Kind of only focusing on this pair to try and master it. + +What’s your pair or pairs of choice? +Hey guys, as the title says I'm looking for a good twitch stream to look to for trading the late Asian/pre London/London session. I really like rajabanks stream on twitch but he only does New York and early Asian. Don't have the schedule for that. If there isn't one maybe we can start one up? +Hi, I've been dabbling in and out of forex for 2 years ish. I have a live account with around £200 in (small I know) just to get a feel for live trading. I am UK based. This is an absolute long shot I know but if you dont know if you dont try, right? Welcome to any dms and I understand comments might get bombarded. Also expecting to hear nothing. + +All the best. +QLD- I feel like it’s so disheartening trying to purchase a house at the moment, first home buyer and have been searching for houses and making offers for the past 3 months. My offers are consistently getting rejected for much higher than what the house is listed for. + +I’m looking for some reassurance that the market will get better for first home buyers and that something will become available soon + +Or opinions on what will happen to the housing market + +Have a good day! +I wonder what’s the best way to profit from Bitcoin and co crashing + +Some options: +- puts on CME Bitcoin futures +- puts on microstrategy/grayscale or some other fund with large BTC holdings +- puts on growth stocks that are driven by speculation as well + +Recap added after 19h: +- most mentioned funds: COIN, MSTR, RIOT +- Bitcoin futures is also possible (imo most direct exposure) +- puts in grayscale is not possible +- most said I was late, and I probably was/am. I didn’t do anything in the end, but it’s good to know in case a second chance comes around +- puts or not shorting! Limited vs unlimited risk +My updated wedding proposal came back yesterday, and it's nearly twice what it was originally. It's just over $20k! That's my whole savings. + +My fiancé was laid off twice last year and has only started back work this +Week. I've had to pay for about 98% of this wedding myself including covering our monthly bills. + +After my final payment, I'll be left with about $500 in my savings. + +What's the best method for rebuilding my savings? + +Last years Gross income: $51k (tipped wages) +Cell phone: $66/mo +Wells Fargo interest free loan: $44/mo (with about $240 left on loan) +Kay jewelers loan: $150/mo (1 year interest free with $1640.17 left on loan) +Visa Credit Card: $20/mo ($200 outstanding balance) +Vehicle Insurance: $37/mo + +That's it for my bills. My fiancé covers her own rent and bills (now that she's working). We use my income for dinning out, groceries, shopping etc. + +Thanks guys. +Hi I’m 21 years old making 74k a year living with my parents. I thought this would be a lot of money, and while living at home it is, I’m stashing practically all of it in my IRA and 401k but being single and looking to move out in the next 2 years I don’t understand how anyone lives alone in New Jersey with the rent here. All the apartments near my work are 1900+ a month so I barely even qualify for half of them via 3x let alone plan for retirement after every expense. I’m wondering if when it comes to financial planning any of you decided the best financial decision was to move somewhere cheaper. +Hey Everyone! + +Background on me: 27M, Recently Separated from the Navy after 8 years of Service. Moved to DC due to taking a corporate HR job making 75K or 2200 after tax and deductions every pay period. (bi-weekly) Currently I'm in school using the GI Bill taking in $1700-2500K per month tax free for housing (fluctuates based off of my classes end dates as they are 8 week periods vice normal class lengths). + +Recently in the last month I received a decision on my disability in my favor providing a back pay payment of $16.5K and a monthly payment of $3300 tax free going forward. With this increase I plan to invest 15% of my salary paycheck into my company 401K. Outside of this, I am at a loss of where to move next. I currently sit on 30K liquid between emergency fund and checking/savings and have no debt but pay $2200 in rent monthly (I plan at a minimum to move to something smaller to decrease rent costs). + +My question I guess is what I should do with the increased income to make the most of it? I know I should not increase my lifestyle and am working to curtail that as much as possible, this and increasing my 401K position are all I really know what to do. I've thought about buying property and paying them down to become passive streams of income or investing in the market in safer blue chip stocks, but not much outside of that. + +My friends are in San Diego, CA and I'd like to live near/with them one day and was the plan before this job, but the flexibility at work and opportunities here (growing a small business, being taught the ins and outs of the business) have me in a tough place moving there and leaving this. I feel truly conflicted 50/50 either way and have thought if I could figure out the game plan financially, I can better decide where/what I'm doing next. + +Thank you for your time and support to read this and answer my question, your feedback is appreciated. +I will be getting married later in the year. I currently qualify to contribute to Roth with my solo income. However, Our combined financials would be well above the Roth limits. I have already maxed my solo Roth for 2021 without thinking about this scenario. + +Is there anything I should do now? Am I going to be penalized if we file together for 2021 tax year? Should I re-categorize the roth(can I even do this?) Is it worth filing solo next year because of this? +Hello! I’m kind of new in savings and financing. I’m 21 years old and have about 11k in savings and would like to increase it up to 50k or more by the time I’m 25. I usually get $1200 a month, I live with my parents but Pay $500 rent a month, everything else Is paying my car and savings money. + +Any tips that you could give me to reach my goal by the time I’m 25?? +I wanted [a check-up](https://www.reddit.com/r/financialindependence/comments/9l2r7p/am_i_being_too_conservative_while_i_save_up_for_a/) to be sure that I am being pragmatic with the resources and time that I have before I reach the stage where I need to seriously consider buying a house. + +If I had to make a timeframe estimate, I would guess that within the next 5-7 years, I expect that I'll need to purchase a home. + +I am 29, living in the NYC area. I have no debts or obligations, and I still live at home and commute to the city every day for work. Unless I change careers, this is where my job will always be. Even if I did change my line of work, I would imagine that I could find my next opportunity here. Around this area, I would think that homes I would be interested in would sell for $600k-$700k. + +My income is around $100k at my primary job. I work a second job for part of the year that earns me about $10k. + +My girlfriend has been working her way out of credit card and student loan debt. As she has no savings of her own, should we stay together, the burden of purchasing a house would fall primarily on me. + +**Cash:** + +I have about $75k in cash. About $50k is in checking accounts earning 3% APY. A large percentage is working for me pursuing bank account sign up bonuses. + +**Retirement:** + +I max out my Roth IRA, HSA, and 401k. I have an 80/20 ratio invested in Total Domestic Index Funds and International Index Funds. My 401k has about $110k, my HSA has $17k, and my Roth IRA has $34k. It would be a last resort, but I picked a Roth IRA because of the ability to pull up to $10k in gains penalty free for the purchase of my first home. + +**Taxable Investments:** + +**Holding** | **Amount** +---|--- +[SWTSX](https://www.schwabfunds.com/public/csim/home/products/mutual_funds/summary.html?symbol=SWTSX) | $85k +[VTIAX](https://investor.vanguard.com/mutual-funds/profile/vtiax) | $25k +[VBILX](https://investor.vanguard.com/mutual-funds/profile/vbilx) | $10k +Misc. Stocks | $90k + + +I've had informal discussions with my parents about buying their house. They have 3-4 years left working before they retire. The house would probably go for around $650k in a good market. Our taxes were $15k last year. The house is in pretty good condition. I'm sure in the next 30 years it would need some work, but there's nothing major in terms of repairs or renovations that need to be done. I like the lake community we live in, and several other logistic features which I believe to be unique to our geographic location and house price range. + +**Questions:** + +1. Am I being too conservative with that much money in cash? Or am I being too risky leaving that much money in equities? + +2. Are my current holdings appropriate for my age range and goals? + +3. Am I being too aggressive by maxing out my retirement now or should I dial back my 401k to focus on increasing my cash? +hello, i just had my first week at this new job, and i feel like this is crunch time in terms of beginning to save for my future. i have an RRSP but it has minimal contributions, i’ve been pretty lucky in terms of employment, but have yet to really save a decent amount as bad as that is. basically i was wondering, what would you tell your 23 year old self that would be helpful in regards to this. what, in your opinion, is the most important first step? i have an appointment with a financial advisor where they will hopefully outline my best options and whatnot, but it is in 2 weeks, but im too excited and want to know more or less what to expect so i can be more prepared. thanks in advance! +In anticipation of high inflation, I bought some Vanguard Short-Term Inflation-Protected Securities Index Fund (VTIP) a little over a year ago. Inflation skyrocketed, yet VTIP is actually down in price from a year ago. How is that possible? It doesn't make any sense to me; I would've expected it to at least keep up with inflation. +It's 42K and a combo of credit cards, paying off my ex, an unexpected $7500 vet bill + monthly meds and 8k in student loans. I make 60K a year. It's overwhelming and I can do it and have a plan but I'm just so tired. I just want to live my life without the added stress. Day one I suppose +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! +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 am a Bitcoin trader in the last 5 years. I have more than 1 Bitcoin but i sold it with $15k to wait for correction but market becomes bull after my sold. Now it's a regretting time for me. Now my realize it to hold Bitcoin longer time is the better idea to trade short term. +I know a great many people that are paying extremely high amounts of money in subscription fees. Sometimes they don't even know that what they're doing is a subscription. Most of these things will require some upfront cost to get started if you want to make a seamless transition. Unfortunately that can't be avoided. + +Note: I'm Canadian so these prices may be different than you're used to in a different location, and the prices include taxes which will vary form place to place. + +Cable bundles are one of the worst. Four years ago we cut the cord. We were paying $250/month for a cable bundle, and that wasn't even close to the top package. Now the same package is about $280/month. In order to cut the cord we still needed to keep entertainment for us and the kids. And we needed that entertainment to be accessible and easy to use. We also needed to maintain a home phone, but that's not the case for all people. Over the years we went through a few different iterations of streaming apps and devices. Eventually we settled on an [amazon fire tv stick](https://www.amazon.ca/Fire-TV-Stick-Basic-Edition/dp/B01ETRGE68/ref=sr_1_1?s=amazon-devices&ie=UTF8&qid=1523452127&sr=1-1&keywords=fire+tv+stick) and an app available at /r/TerrariumTV/ along with an ad blocker from blokada.org, and of course Netflix. We also picked up a [$100 Ooma Telo](https://www.amazon.ca/Ooma-Telo-Phone-Service-Device/dp/B00KWTAT3W/ref=sr_1_2?s=amazon-devices&ie=UTF8&qid=1523452243&sr=8-2&keywords=telo) to get us setup with home phone through VoIP. We now pay $63.19 for internet from a local reseller, $13.99 for Netflix, and $4.58 for Ooma. That's saving us about $200/month. + +The next subscription fee I went after was my cell phone bill. Now, many people will argue with me, "It's not a smart phone without a data connection." is the typical argument. I disagree, a smart phone is a smart phone for more than just a data connection. So I looked at what I would *need* a data connection for and aside from navigation I couldn't come up with anything. I still need internet access on my phone to conduct my daily life. But I can get by with wifi and that's avialable in many places. I use offline games, and I have a $35 offline navigation app called [Sygic](https://play.google.com/store/apps/details?id=com.sygic.aura). I'm now paying $17.25/month instead of $90/month. A $70/month savings for both phones, so another $140/month saved. + +We have an alarm system in our house, which might not be very applicable to most of the audience here, but it's cheaper than a big dog and it doesn't piss on the floor, so here we are. Originally we were monitored with ADT at $46/month. Now we're with Eyezon and it only costs $9.78. This required me to install a [$110 daughter card](https://www.amazon.ca/Eyez-Envisalink-RECEIVE-EMAIL-ALARM/dp/B016WQTJ4S/ref=sr_1_1?ie=UTF8&qid=1523451607&sr=8-1&keywords=envisalink) in the alarm, which sounds scary, but really was only following well written directions. This is saving us about $35/month. + +Every year I take a look at different insurance companies. I was shocked when I realized how much difference ther can be when you find a company that targets your present demographic. Insurance is expensive here and different people at different ages and life situations will find a better deal with different companies. We switched to Allstate and it saved us another $100/month. + +Spotify has a free version that only requires you to listen to an ad once every half hour, they also have a student deal IIRC. + +Many people rotate through streaming apps like Hulu, Netflix, Amazon Prime, etc. They'll watch what they want to from one, cancel it, and go to the next. Rinse and repeat. + +Ok, so that's all pretty obvious stuff. A lot of people don't see those, but that's still the more obvious stuff. The less obvious things were items that wear out or need maintenance to keep them running efficiently. I could get snow tires for my car for about $90/tire from Malwart, or tires that have the exact same tread design from Canadian Tire for $125/tire. Seems like the Malwart version would be the way to go right? Nope. The Canadian Tire version of those Goodyear tires has a compound that lasted twice as long, four seasons vs two. When I factor in installation, tire recycling fees, and taxes, that's only $160 extra for two more winters, or a savings of almost $400. Most of you likely don't have a Canadian Tire near by, but you can likely find a similar thing near by. + +I really like the look and feel of Sketchers shoes for daily use, but they fall apart in a year. Clarks has some similar designs, they cost about as much, and they're pretty comfortable, but they last several years for me. + +Old Navy/Malwart/etc. clothes is another less obvious one. They fall apart quickly because they're cheaply made. Cheap thread, low quality control, and thin material. This one takes time, you have to make a concerted effort to pay for better quality when you buy new clothes. /r/buyitforlife can likely help point you in the right direction for affordable but good quality clothes. + +If you're willing, buy tools when they're on sale and you have a few extra dollars. Most hand tools from harbour frieght aren't as bad as they were, and are decently servicable now. They're also guaranteed for life, at least at the Canadian version called Princess Auto. Canadian Tire hand tools are also great quality and guaranteed for life. With those tools you can fix and maintain the machines in your life. A socket set and a screw driver set can go a very VERY long way to keeping things running instead of paying someone else to do the work for you. + +Water heaters have something called an anode in them. The anode is a sacrificial part that will corrode so that the tank doesn't. But, being sacrificial they don't last forever. When the anode corrodes away the tank will start to rust, and that will lead to replacing the tank. A new [anode rod](https://www.amazon.ca/Rheem-UV11524C-Magnesium-0-84-Inch-Diameter/dp/B00DSOQDZ6/ref=sr_1_5?s=hi&ie=UTF8&qid=1523453821&sr=1-5&keywords=anode+rod) is about $33. If you inspect it every year and replace it as needed your water heater will last forever. It might still need elements, pressure and temperature valve, and thermostat replacements periodicially, but it'll be much cheaper than replacing the tank evey few years. Oh, and while you're inspecting the anode every year drain the sediment from the bottom of the tank. + +While I'm on the subject of maintenance, make sure you clean and or replace the filters in your HVAC equipment. The energy use penalty for not doing so can be drastic. + +Let me know if you have any questions, and I've love to read about other similar ideas and success stories you've had with reducing subscription fees. +I am on vacation so don’t blame me haha but I can’t believe we haven’t figured out or even proposed some theories as to who was liquidated Thursday morning. + +Obviously with the war starting over night was the reason- but someone got sold big time into the market. + +I had heard UBS cut Russian bonds to 0 so it maybe was a firm who used UBS as their prime and had lots of margin through Russian bonds. But that is just one idea. + +Usually we would find out the biggest companies who took a dump Thursday morning and then research who owned them. + +Any takers? I will take a look when I am back next week but maybe it could shed some light on what is going to happen this coming week. + +Edit 1- sorry everyone it probably was a margin call not liquidation. Liquidation being what will probably be occurring in the next week or so to various Team Shit Face members. I wrote the post more as a what the f happened Thursday morning and that we hadn’t figured it out yet. With all the other drama I think we were being pulled away from the important matters. Great Bloomberg link below I hadn’t seen that. Anyone saying Thursday morning was normal I believe is incorrect. Everyone enjoy the rest of their Sunday. BUY HOLD DRS🚀 +Hey all. Been talking to my mates who are currently in the process of purchasing - we had the discussion recently on what was driving the FOMO right now in the market and whether it made any sense. One person brought forward a perspective which was quite interesting and I thought made more sense of the current craziness in the market. + +His theory was that if you believe the government projections on population then this is the last generation where you can still grab free standing homes in highly desirable suburbs (his words were 'east of the Anzac bridge'). Over the next half century Sydney will see a transformation that is akin to looking at our current skyline and comparing it to the 1960s. In that sense if you hold detached housing now in the lower north shore, eastern suburbs or the inner west then it's likely you will either make bank through conversion to high density or alternatively you would be the equivalent of a bungalow owner in Singapore. Obviously the madness in those suburbs that could potentially be rendered unlivable through rising temperatures is a different story. + +Thought it was an interesting perspective and if we are heading towards global metropolis status then I guess the current market makes a bit more sense. +Hey everyone + + +I’m just curious to see if anyone here has donated money to the volunteer fire fighters or some of the online campaigns that are getting around. Seeing as many users here are financially secure I wondered if that correlated with more donations and what the general consensus is regarding donations. + + +For all I know some of you may have lost assets or be trying to protect your homes right now. I wish you all the best, it’s looking pretty intense out there from the footage I’ve seen and I’m hoping that the worst has passed (despite another 2 months of summer). + + +*Edit: As per /u/BlueyWhale's request, here's a list of possible charities others have mentioned in this thread should you choose to donate: + + +https://www.rfs.nsw.gov.au/volunteer/support-your-local-brigade + +https://www.sa.gov.au/topics/emergencies-and-safety/recovery/donating + +https://www.cfa.vic.gov.au/about/supporting-cfa#donate-cash + +https://www.communityenterprisefoundation.com.au/make-a-donation/bushfire-disaster-appeal/ (Vic emergency recommends) + +https://www.redcross.org.au/campaigns/disaster-relief-and-recovery-new-years-eve#donate + +https://www.salvationarmy.org.au/donate/make-a-donation/donate-online/?appeal=disasterappeal + +https://donate.vinnies.org.au/appeals-nsw/vinnies-nsw-bushfire-appeal-nsw + +https://givit.worldsecuresystems.com/items-needed?campaign=50 (Givit for NSW ) + +https://givit.worldsecuresystems.com/items-needed?campaign=49 (Givit for QLD ) + + + +Animal care charities: + +https://www.rspcansw.org.au/bushfire-appeal/ + +https://mkc.org.au/donations/trcqld + +https://www.gofundme.com/f/help-thirsty-koalas-devastated-by-recent-fires + +https://www.wires.org.au/donate/emergency-fund + +https://donate.wwf.org.au/donate/koala-crisis/koala-crisis?t=AP1119W03#gs.pv0rqa (WWF Koala relief) + +https://shoalhaven-bat-clinic-sanctuary.giveeasy.org/we-need-urgent-help (Shoalhaven Bat Clinic & Sanctuary (Wildlife Rescue South Coast)) + +https://www.hunterwildlife.org.au/make-a-donation/ Hunter Wildlife (Native Animal Trust Fund) + +https://www.givenow.com.au/fawna/ (FAWNA) + +https://www.wildlifevictoria.org.au/donate/donate-to-wildlife-victoria (Wildlife Victoria's appeal) + + +From /u/Soan:Specific items donation request in Victoria: + +****** DONATIONS OF SENSORY TOYS NEEDED ****** + +We have become aware that the Bairnsdale evacuation support services are needing sensory objects and small toys/books for a number of Autistic and Neurodivergent children that have been evacuated from their homes due to the catastrophic fires in Victoria. We will be making a financial donation to relief efforts and putting together some resources to send, and will also act as a collection point this week for these items if any of our families would like to contribute. If you have any items you would like to donate, please hand them in to reception and we will make sure they get to the families that need them. If you would like to drop items in, we are open Monday to Saturday from 9am - 5pm. Our address is Okey Dokey Psychology, 6A / 841 Mountain Hwy, Bayswater Vic 3153. Thank You +I’m 34 and well on my way to reach FI (NW 1M and 150k/y job per year) but I find myself worrying about money every day. + +I think the source of my financial anxiety is my childhood where I grew up in a lower middle class family with both parents going through bankruptcy and divorce. Parents had daily fights over money, gambling, alcoholism, not knowing when the landline and lights at home will be switched off. + +I worry about not being able to provide for my family in this VHCOL environment (one toddler and another on the way), ageing parents with no savings and bimonthly calls from them for money, job security (in banking and layoffs are common), and wanting to provide a better environment for my young family. So many what ifs.. + +At what point did you stop worrying about money? Is it a NW issue or are there other factors? +Hey guys, don’t know if this is the right sub for this but I need some advice. + +I am currently 21 years old, and started investing during the crash last year. I slowly grew my portfolio to around 8,000$ and had $1000 cash saved up. I had a strategy of dividend stock investing with some growth stocks in there. + +Fast foward to Jan 2021 and I was addicted to the stockmarket. My friend told me to learn about options and debit spreads and all that good stuff. I started making a ton of money with options (because of state of the market before mid-febuary). I grew my portfolio to around 15,000. I had no guidance I was just learning as I went. + +Well, since I did not realize the downside of options, I was heavily leveraged in options so my portfolio over the last month has basically evaporated. Im down to 4,000 dollars now, and I know I should just construct a good portfolio with risk taken into consideration, but at this point, I feel so set back that I am discouraged to just live my life with some safe stocks and continue to add money over time. + +Basically, every time I think about the money I’ve lost it makes me discouraged in investing in big cap stocks that will make me 5-20% because I will still be far behind compared to where I was before. I feel sick to my stomach thinking about the money I’ve lost and wished I had someone to tell me to take some profits when I was doing so well. I did learn a lot from losing all this money, but I have so little now that I feel like it doesn’t even matter. + +Also I know the amount of money is peanuts to many, but I am just a college student and wanted to use the money I made in the market to invest in real estate, and now I feel like that goal is 10x farther than it was in Feb. + +Any advice would be very appreciated. +New to Reddit. Thanks in advance! + +As we know, for options we need two things: timing and direction. + +With that timing, I like playing around events. This usually eliminates one variable. Now, just need direction (call or put). + +Across several threads, I’ve seen multiple posts on these four. + +CRSR: Pre-market earnings 2/9. + +SPCE: Test fight 2/13 and likely inclusion in new ETF ARKX. + +APHA: Merger and implied discount on calls + +MVIS: r/MVIS + +Curious on your, of course non-financial advice, thoughts. + +Thanks! + +Right now, I only have 1 APHA $15C 2022 + +Due to earnings, 2/9, was leaning towards CRSR first for quick play around earnings. + +Edit: Fix typo + +Edit 2 09FEB2021: +Learning: + +This has been great leaning. My fundamental initially strategy is a great way to lose money in options, and after reading many threads (which I should have done before posting...sorry), the very common mistake new option traders make. Thank you for saving me money on CRSR. Hopefully, this will educate others. + +I’ve also learned about applying credit/debit spreads to reduce downside risk, but capping profits. I also didn’t fully appreciate how this allows you to buy a significant number of contracts with your money. In my case with my funds and a debit spread, I could get approximately 4x the buy contracts by selling the calls, which is a nice multiplier for the max profit (if it works out). I’ll need to map it out in excel to exactly see the break even price equivalent of just buying calls and not selling the spread calls. + +Again, thanks! I’m in APHA 2022, MVIS 2022, and PSTH Mar 2021. + +Edit 3: If I did my math right, my head just exploded with the power of the spreads. + +$1350 spending power + +Debit Spread +Buy MAR $35 Calls @ $3.70 +Sell MAR $40 Calls @ $2.80 +Results in 15 contracts spread. Is there a ratio of strike price spread to contract price spread that is an ideal minimum? + +Just buying MAR $35 Calls would be equivalent of 3.65 contracts. + +The stock would have to get beyond $51.85 (from ~$32) by MAR to make calls only the better strategy. + +Did I do that right? Crazy. +Who else here doesn’t want to sell at $10K? Given the potential of ETH and the active developers..I think $10K is an underestimate. + +We’ll all have a flippening party at $8K sure but that isn’t the end for me. With ETH 2.0 the possibilities are endless! + +I’m looking out for $20K, $50K and even $100K. What’s your target? +For 16 months the 0DTE Breakeven Iron Condor has been my most profitable options strategy. In fact only one month (January 2022) ended with a loss. + +Many have asked how the strategy did in the turbulent first half of 2022, so I decided to do a new write-up. You find the article here: [https://www.sandvand.net/2022/08/21/learnings-from-0dte-breakeven-iron-condor/](https://www.sandvand.net/2022/08/21/learnings-from-0dte-breakeven-iron-condor/) + +The strategy is quite simple: I sell Iron Condors on SPX at 5 - 10 delta at different times of the day. I set separate stop losses on each of the two spreads equal to the total premium of the IC (typically I add 10 dollars on top of that). Usually I let the Iron Condors expire, but I will also sometimes close them early to lock in some profit. + +This is a very tight stop loss compared to what most people do, and yes it will lead to more losses. Yet, the strategy as such has proven profitable. + +Here is the summary after trading this strategy from April 20221 until today: + +* I have done 1344 trades (usually I do 5-7 trades per day) +* The win rate has been 38,3 %, and the loss rate 61,7 %. This has stayed very consistent during this period. +* All trades are with one contract only - and I will never commit more than 15.000 USD in buying power, which means that I will have a maximum of 5 trades on simultaneously (but usually less) +* I have made 16.814 dollars on the strategy so far. For the one-year period of August 2021 to July 2022 I made 12.681, which is 84,5 % of my max buying power committed to the strategy. +* The average win (99 dollars) is 2,4 times as high as the average loss (41 dollars) - hence the positive expectancy despite most trades being losses. +* The biggest risk to the strategy is double stop losses. This has happened in 3,8 % of my trades. This percentage has stayed quite consistent as well during the whole period. + +This is not the only 0DTE strategy I do on SPX. But I like that I rarely have days with big losses. It fits my trading style and risk willingness. + +Hope you find it interesting. +[First Day](https://www.reddit.com/r/financialindependence/comments/4sc9qp/first_day_of_fire/) + +[Six weeks](https://www.reddit.com/r/financialindependence/comments/4zhgfp/update_6_weeks_into_fire/) + +[Six months](https://www.reddit.com/r/financialindependence/comments/5sxabv/update_6_months_into_fire_as_of_year_end/) + +Basic stuff if you don't want to read all the prior posts: + +Male, 51, married (F51), no kids, live in low cost of living area. + +Own 3 houses: primary residence, 1 MIL lives in, and condo near my parents/family. Total value <$600K, about $250K in mortgages. + +Financial assets at retirement: $4.3 million + +Current financial assets: $4.8 million + +Annual budget: $150K + +2017 healthcare costs: $11,400 insurance through exchange, $9500 deductible included in budget + +Feel free to ask any financial questions you're interested in. I've just included the information I most often get asked for. + +On to the more interesting stuff: + +Vacations: We didn't really travel in 2016, but in 2017 we drove to Arizona to visit my aunt and uncle in late January/early February with some stops along the way. In late February/early March we took a cruise from Rome to Barcelona with my sister and brother-in-law. At the end of March we drove to California and visited my wife's cousin and spent a week wine tasting. That was too much. By the time we returned from CA, I was tired of traveling and just wanted to hang around home. We won't schedule travel so close together anymore. + +In August we are visiting friends in Massachusetts and probably spending a couple of days wine tasting in the Finger Lakes. I feel like I'm ready to travel again, so I'm actually looking forward to it. + +Spending: Early on I was having trouble feeling comfortable with spending money after retirement. While working, spending money was easy because I could always rationalize that any excess spending could be made up by working a few extra days. After retirement, I felt like I was spending down a non-renewable resource, and that bothered me. It took a few months to get over that feeling. Of course it was easier to get over the feeling when the market was up strong. I fear I may have a relapse in a down market, but we haven't seen that yet. + +How do we spend our time? Well, it seems to be easy for us to fill our days. Of course when we're traveling, there is a lot to do, but when we're home it still has proven pretty easy to fill the time and avoid boredom. + +Each morning we walk 4-6 miles depending on weather and schedule for the day. I lift weights sporadically although I really should get more disciplined about it. We have taken an interest in baking and cooking which uses up from 0 to 6 hours a day depending on what we decide to take on. We spend probably 3-4 hours per day gaming and another hour or two watching videos of one kind or another. + +When we are at our condo near my family, we spend at least 2 evenings per week playing cards or whatever with family. When at our primary residence, we have dinner with my MIL every night. + +We both still volunteer some, but it has proven more difficult to find meaningful things to volunteer for when we are gone so much with a not very predictable schedule. This kind of bothers me and will doubtless continue to be something I need to work on. + +I'm taking over running my parents' finances. They are 78/79 and it's just getting harder for them to understand and keep track of it all. Fortunately they have always been frugal and have had some good luck in their financial lives despite never being high income, so they have enough income to meet their needs and enough assets (most likely) if they need some kind of ongoing care. + +Upcoming things: + +My wife wants to do some significant work on our condo, replacing virtually all of the flooring, countertops in the kitchen, and painting the kitchen. She is handling the planning, but I think it's going to be a $20K project. I told her she better have it done now while the market is up and I'm not too worried about money. + +My parents are aging. My mother has the beginnings of some kind of dementia although she refuses to get diagnosed. My father got diagnosed with Parkinsons a little over a year ago. So far he is doing OK, but it's a degenerative thing and not fun to have in the future. I suspect dealing with my parents issues is going to take a larger and larger part of my attention. + +I've mentioned that I'm interested in writing in past posts, but I've had a hard time getting started. At six months a few people suggested just writing 500 or 1,000 words per day to get some discipline. That didn't work out so well for me since right after those helpful suggestions we started our rather busy travel schedule. + +Lately I've been doing better. I'm about 25,000 words in to my book. Unfortunately I delete a good 75% of what I write. Also, I still find it hard to write every day. Another thing I have to work on. + +I had an interesting experience a few days ago. I woke up in the middle of the night and for some reason I was thinking about work. Not stressing or anything, just thinking about the people. I could not come up with my old boss's name, nor could I come up with the name of the guy that replaced me, even though I trained him for like 4 weeks before I left. I have since recalled both their names, but it was interesting to me. I worked at my job for 25ish years, worked for my last boss for 2 years. Now weeks go by where I don't even think about my old job or about working. + +Along the same lines, for the first six months or so, my wife and I would sit around grinning at each other like fools because we didn't have to go to work. Now most days I don't even think about not going to work. It's just a part of my life. + +One other thing I should mention are income taxes in 2016. We retired right about half way through the year and got 2 weeks of vacation pay beyond that. Our bonuses were paid in March, so our incomes for the year were roughly 3/4 of our 2015 income. Anyway, we didn't change our withholding, and withholding is calculated assuming that you have constant income throughout the year (other than bonuses which are withheld at a higher rate). Well, since we only had 2/3 - 3/4 of the annual income the withholding was based on, we got a $17K tax refund. I had known we would get a big refund, but the size of it really surprised me since I hadn't really thought that hard about it. Also, when calculating our estimated taxes for 2017, I was surprised at how low our tax liability is going to be. + +I'm estimating our 2017 AGI at around $100K. After taking deductions and stuff in to account, I estimated our Federal tax liability at around $4k (state is going to be about the same as federal). I was pleasantly surprised how little we are going to be paying in taxes. + +Summary: I love not working. I often feel as though I should be doing better or more with my life, but the idea of taking anything like a regular job is repugnant to me. The money part of my life is going great, but that happens when the market is up. +I recently learnt from a couple of friends (long time US residents) that their umbrella insurance application was rejected because they owned properties in South Asia. They asked the insurance companies (AAA, StateFarm, Amica) to exclude the coverage related to foreign properties but they were still denied. They don't want to apply again but hide the foreign property ownership information as it could be treated insurance fraud. Any suggestions on how to go about it? +AMC currently up 60% last 5days. +GME currently up 40% last 5days. + +I’m just curious to see what’s everyone exit strategy? I’ve seen a high open interest for 35c 40c for AMC and 350c 400c for GME in July. + +Or are you just riding the the fomo wave until we bankrupt one of these hedge funds.. +It was September 2016, when I was starting my second year of Computer Science at University. A group of friends in class began to talk and discuss a new platform and technology, that I had never heard about, "Blockchain". It got me so interested that I enrolled my self into a one-day course that some PhD and Master students at my faculty were organising, about Cryptocurrencies, Ethereum blockchain, smart contracts, and so on. + +The course went great, it opened my mind and I was completely amazed at how revolutionary this technology seemed to be. At that time, bitcoin was worth around 600/700$ but as I was a student I only invested a small amount. + +As you can imagine, when you are young and amazed by something, you want to talk about it 24/7, and therefore I tried to explain to my parents what this was all about. My mother didn't pay me a lot of attention and just barked at me saying that it was all speculation and smoke... but my father kind of liked it, so we had more extensive talks. Obviously, I knew what kind of risks involved investing in Crypto so I never told my dad to invest in it. + +Fast forward the story 5 years, we were having a family dinner two months ago (March 2021) and the media was crowded with Bitcoin news as it was, for the first time, crossing the 60K mark. It was at this moment, that my dad between laughs told me that in 2016, when I explained him what Cryptocurrencies were, bought 1 bitcoin for 700$. I COULD NOT BELIEVE IT!!! HOW DID HE NOT MENTIONED IT TO ME BEFORE? He explained to me that he loved the idea behind it and that he bought one as an experiment. He also told me that at the begining he was looking a bit at the charts and prices, but then forgot completely about it until this year. + +To finish this off, my dad told me that his plan is to hold it for at least 5 more years and then donate all the profit to a charity. Well, hahaha not what I would do but my dad is like that... +I was hoping someone could tell me what I can do to help him. He has ~40,000 just sitting in his bank account. He was never really too financially savy but after hearing about my ROTH IRA he became interested in them. Would a ROTH or Traditional IRA be beneficial or should he look elsewhere? The bank has a really low interest rate on his savings so he wanted to put it into something that could at least gain value for around 10 years. +Stock split (5:1 for example) + +1 share at $100 = $100 + +5 shares at $20 = $100 + +Total shares of the company goes from 76 million to 380 million shares. +All puts/calls/shorted shares are adjusted accordingly. + +Stock dividend (5:1 for example) + +1 share at $100 = $100 + +5 shares at $20 = $100 + +Total shares of the company goes from 76 million to 380 million shares. +All puts/calls/shorted shares are adjusted accordingly +- but this is where it gets juicy and is the big difference. Dividends are paid by shorts as well. So, in the scenario above, GME is responsible for providing the 304 million shares as a dividend (the difference in shares, 380-76). But what if there are 500 million shares BEFORE the share dividend because of shorts? There will now be 2.5 billion shares AFTER the share dividend. GME is only responsible for providing 304 million shares to shareholders. That means shorts will need to provide 2.196 billion shares as the dividend. Even though after the split, share price is only $20, shorts need to buy 2.196 billion shares to give to shareholders as their dividend. With 30% of the float locked in DRS, shorts are extra fucked. + +TLDR: share price does not matter pre-split. Shorts already need to buy a massive amount of shares to cover their shorts. After the share dividend, shorts will need to buy up a shitload more just to provide shareholders their stock dividend. TRUST in Ryan Cohen 🚀🚀🚀🚀🚀🚀 + +Buy, hold, DRS. 💎🙌 gonna get me my thai tea boba to celebrate 🧋 + +EDIT: I am NOT trying to create hype. This is my opinion of what will happen. Pending no fuckery happens, there should be buying pressure after the stock dividend which will drive back up the share price. +First of all, here is the link to the YouTube Live stream : [https://www.youtube.com/watch?v=l6T9xIeZTds](https://www.youtube.com/watch?v=l6T9xIeZTds) + +Now, it sounds absolutely crazy when I say this, but the first thoughts that popped into my head when I was watching this live - as a non-engineer - if what Elon and his co-presenter are saying, they have a *massive* moat around them. That is, the engineering capabilities they demonstrated on stage were explained somewhat not terribly, but still made sense to me. With that said, what did you guys think? + +Also, some questions for the electrical engineers/others who have experience in this field - how viable and how possible does this innovation seem to you? Is this revolutionary as Elon is saying? + +For everyone else, does this make anyone else feel like they are undervaluing TSLA? I mean, it definitely put some doubt in me as to my current valuation. This morning, if you had asked me, I would’ve definitely said yes. After watching this, I am not so sure. I might even increase the value of the company. Now, I am an Elon fan but I also know his tendency to not follow through with deadlines, yet still succeeding massively due to his ability to build things from ground up (his first-principles . + + Is the comprehensive innovation he is bringing to the whole of the batteries - all the components make TSLA worth more than it is currently? If not, how come? + +&#x200B; + +Thanks guys! +I am in the process of moving house and am at the point of choosing a mortgage. I am wondering how long I should fix my mortgage for. Originally I was planning on a two year fixed at 1.39%. However, with the recent post to this subreddit regarding inflation being estimated at ~4% this year I am concerned that by the end of two years there is a decent chance that interest rates will have gone up. I am now considering a 5 year fixed at 1.8% which works out at ~£65 per month more expensive. + +Obviously none of you have a crystal ball to predict the future. I am just looking for some opinions and discussion on how long you would be inclined to fix for. + +My current thought process is that there is a very low chance of rates going down further. Whether they increase vs stay the same is close, something like 60/40. By the end of two years I will only be in a better LTV bracket if the house goes up in value. Where as after 5 years I should be solidly in a better LTV bracket; so hopefully, if interest rates have gone up, any increase will be offset by the improved LTV at the time of remortgaging. +What are your views objectively and personally on a wealth tax? + +Avoiding all political discussions a wealth tax would be a tax levied on assets such as property, pensions, S&S/bonds or works of art. + +61% of British people support a wealth tax on individuals with assets worth £750,000+ excluding pensions and the value of their main home. + +[LSE Report](https://static1.squarespace.com/static/5ef4d1da53822a571493ebd0/t/5efd1390a451b40fbf12b7ba/1593643938709/Is-It-Time-For-A-UK-Wealth-Tax.pdf) + +[https://www.ft.com/\_\_origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F2a7380df-9899-44ef-80eb-e894d23ebb03.png?fit=scale-down&source=next&width=596](https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F2a7380df-9899-44ef-80eb-e894d23ebb03.png?fit=scale-down&source=next&width=596) +While he is claiming to lead humanity to space the only thing he is capable of doing is business by promoting his own personal interests above everything else meanwhile he claims the contrary🤡money is his God + +First he started by manipulating the market by playing with BTC(Tesla) and pumping Doge that right now is literally dying and i can't imagine how many bag holders are over there losing all their fortune because of his manipulations + +Now he attacks Web3 and the Metaverse with no substantial reason other than to apparently promotes his own company >Neuralink + +This guy has an opinion for every single argument and he thinks he knows everything about anything. Hopefully the market is not reacting anymore to him +I quite often see threads in here asking whether it's cheaper to buy a new car or an old banger so I thought it would be helpful to post my real-life experience. I've had my car for four years and anniversaries seem to be a sensible time to do these round-ups! + +Bit of background - my other half gets a company car but it comes with certain rules and restrictions so we needed a second car for dog transport and hobbies. Otherwise we really don't need two cars (I walk to work) so it has been a bit of a financial drain. + +I use an app called Fuelio to record all my expenditure. I'm sure other apps are probably available but Fuelio works well for me and it's free. + +The car is a 2007 Mercedes C220 CDI estate which had 97,000 miles on the clock when I bought it for £3,300 in 2018. It's now showing 114,000 miles so averaging 4,250 per year. + +It's never actually broken down so I could say it's been great, but every year at the service and MoT some problems arise. In the categories of Servicing and Maintenance I have spent a total of £10,924. Now, I don't think I've been terribly unlucky: there was one major failure (instrument panel totally failed) which cost about £1000 but otherwise it's all service items; stuff like brake discs, drop links, suspension components, bushes, tyres etc. + +The company car is coming up for renewal so our plan is to ask for a car allowance instead so that we can sell the Mercedes and go down to one car. We need an estate and it's got to have a plug on it so I'm keen on the Peugeot 308 SW PHEV - not the cheapest new car around but it has all the features we want. I've built one to my ideal spec on the Peugeot website and whether leasing or PCP the figures are about the same; £4600 deposit then £460 per month over four years. A little higher (£475) if you include the service plan. By comparison the Merc was £3,300 to buy then £228 per month for servicing. + +So yes, it's still cheaper to run an old banger - however the difference is not as great as I would have guessed. The new car will be considerably lighter on fuel and it will be nice just not to worry about servicing and repairs. Having a fixed price every month will probably be less stressful than wondering if I'll be able to afford the MoT repairs this year! + +EDIT TO ADD: + +Following some of the comments, yes I have been unlucky. My main point - which I didn't emphasise enough in the original post - is that it's important to record all of these bills (again a solid recommendation for Fuelio from me). Otherwise you pay a £500 repair bill, then forget about it, then six months later there's another £500 bill and so on. While I agree I've been unlucky, I suspect most people with older cars are spending more on maintenance than they realise - but if you record everything you can make better decisions in future. +did you see the fees, it has become very low, standard cost is s 4gwei. feels like we want to throw and make some tranasctions. +https://ethgasstation.info/ + +Ha ha..with Bitcoin you have civil war to reduce the fees..but with ethereum you have surprise like these... + +but what happened? + + +We are talking about virtually instantaneous, practically free mobile payments for millions of people at this point. Why would anyone still use bitcoin over Ethereum as a currency then? Even Visa and Mastercard should watch out... + AP News Article on trying to expand reporting requirements for all cash deals. + +[https://apnews.com/article/business-0881a307f2e672859cd9c31d764ad7ff](https://apnews.com/article/business-0881a307f2e672859cd9c31d764ad7ff) + +I remember when I heard about NYC implementing these policies, I assumed people would move to some sort of cryptocurrency method of moving funds into real estate, or just shifting investments to markets that didn't require the reporting of identities behind shell corporations. + +However, if this anti-corruption vision is successfully executed. The reporting requirements could become national while at the same time limiting the ability to use cryptocurrency to circumvent that reporting. + +I've included the full document and the text from the document that refers to cryptocurreny. + +Any thoughts? + +Link to the full Document + +[https://www.whitehouse.gov/wp-content/uploads/2021/12/United-States-Strategy-on-Countering-Corruption.pdf](https://www.whitehouse.gov/wp-content/uploads/2021/12/United-States-Strategy-on-Countering-Corruption.pdf) + +Reference to Cryptocurrency within the document. + +"Cryptocurrency and corruption: DOJ +will utilize a newly established task force, the +National Cryptocurrency Enforcement Team, to +focus specifically on complex investigations and +prosecutions of criminal misuses of +cryptocurrency, particularly crimes committed by +virtual currency exchanges, mixing and tumbling +services, and money laundering infrastructure +actors." +It’s a house. But it has two parts. There’s a structure in the backyard that has a bedroom, bathroom, and everything else someone could need...but in a really small space. And then the main house is just like a regular house. + +Priced at 180k but seller says appraised in Fall 2019 for 230k. The official valuation as per the GIS data (or whatever) says the tax appraisal valuation in Spring 2019 was for 80k. Listing says the seller priced it low to get it off their hands ASAP. + +The house has a new roof, hardwood floors, new appliances, very nice hardwood window flanges on big windows, and etc. Quite frankly it looks way better than houses I’ve seen priced for 100k more in other areas. Only thing is the neighborhood isn’t exactly super prestigious. It’s full of students—not necessarily families. And it’s on a main road. The “driveway” leads right to one of the busiest roads in the area. + +It’s renting out for 1800/month, which is considerably more than anything else I’ve found ever for a home of this size. + +If I do an FHA, that’s cash flowing $300/month for the first year, and then if I move out, $1000/month. And that’s assuming I don’t raise the rents, which is a possibility considering it is in an area with a healthy demand for rented space. And the population growth is outpacing the housing, from what I gather. + +The backyard borders a randomly placed row of trailer homes, which I dislike. + +I’m gonna check out the property ASAP to find out if there are any structural issues or anything. + +Otherwise I’m ready to go in on this. + +Edit: Surrounding properties have sold recently for 110-130k. I’m thinking the seller probably priced it where it is, with the expectation that the buyer will offer 70-75%, which would pull the price right around that comp range. +Just closed on my first house hack yesterday. I called the tenant today who previously worked from home. She informed me that she lost her job on the 1st of this month. + +She applied for rent assistance for individuals who have lost there jobs due to covid-19. +If she gets approved a check for rent will be sent to me every month for idk how long, and pays her +Utilities. + +She seemed pretty on top of it, and mentioned it right away. The previous landlord had said that they never had an issue with her paying rent, and she paid this month. The fact that she paid on the first even after she lost her job puts me at ease, but I'm still worried she won't find a job before the rent assistance runs out. + +Is anyone else dealing with this aswell? +It's not as blatant as before, because now they are pretending to be apes, and getting pretty good at it with ape lingo. + +I've seen: + +Asking legitimate questions that seem like they're searching for DD, but then as you read further into their posts comments, they're just spreading FUD. + +Giving apes advice, but sending them to suspect sites and clicking on unverified links that may try to phish for ape information. + +And I'm also seeing since last night and today, price anchoring coming back into play, but at slightly higher levels, as well as advising apes to sell a few on the way up and letting the rest ride. This is NOT the way. + +... + +We've been infiltrated. + +This weekend may seem calm on the surface, but make no mistake and read between the lines.. the sleeper cells have been activated. + +The only thing we need to know is: + +Buy, HODL, Vote. +🚀💎🤲 +I just started volunteering with a program in my community where volunteers are trained to assist low to middle income clients with doing their taxes for the year. So far I have learned a ton and had a great experience and I thought others in this community might be interested! [Link to the IRS Volunteer Income Tax Assistance Program Website](https://www.irs.gov/individuals/free-tax-return-preparation-for-you-by-volunteers) +EDIT 2: [WRONG](https://www.youtube.com/watch?v=WrjwaqZfjIY&ab_channel=playityourway) + +Just a smooth-brained ape here, but after RCs lastest tweet and Apples Event announcement shortly after, there may be something here... (apologies as I'm on the app and don't know how to embed images.) + +*Please be sure your tinfoil hat is securely fastened before we depart* + +***EVIDENCE*** + +Back in December, RC tweeted an image of him poopin in da Metaverse with a VR headset on. +[Taking a dump in the metaverse.](https://twitter.com/ryancohen/status/1475551106071732227?t=Ug4jD3kLsONEgCsGfNml_g&s=19) + +Earlier in February, concepts were leaked about Apples VR headset by a group that had previously leaked accurate PS5 renders. The headset looks *EERILY* similar to the headset in RCs metaverse tweet. +[Apple VR Headset Leak](https://www.macrumors.com/2022/02/21/apple-completes-ar-vr-headset-production-tests/) + +Today, RC tweets about an apple. +[The apple doesn't fall far from the tree 🍏](https://twitter.com/ryancohen/status/1499057365601161223?t=aX87h1nyIElTY0DncRjVJw&s=19) + +Not even an hour later, [Apple announces a virtual product launch event for March 8th.](https://www.apple.com/apple-events/) + +***THEORY*** + +RC has been working with Apple for the past few months to incorporate Apples new VR headset into the GMERICA ecosystem. GMERICA will either be the base for the metaverse, or minimally, you'll be able to buy and sell NFT items through the headset. This will be announced no later than March 8th. + +Edit: The Apple Event is Tuesday Morning! + +If I'm wrong, I'll go back to lurking, hodling, and DRSing. +Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. + +Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than $3.1 billion of Amazon shares, after selling more than $4.1 billion worth of shares in February. The sales this week bring his total cash out in 2020 to more than $10.2 billion so far, which is a notable jump from 2019, when Bezos sold $2.8 billion worth of shares. + +Even with the latest stock sale, Bezos still owns more than 53 million shares worth nearly $170 billion, making him the richest person in the world. + +The transactions were made as part of a prearranged 10b5-1 trading plan, according to the filings. Amazon declined to comment on the latest sale. + +Bezos has previously said he sells about $1 billion of Amazon stock each year to fund his rocket start-up, Blue Origin. Additionally, the Amazon CEO in February launched a $10 billion Earth Fund to combat the effects of climate change, which will issue grants to scientists, activists and other organizations. + +While Bezos hasn't yet announced the recipients of the fund, The Atlantic reported Tuesday that Bezos is expected to give $100 million each to the Nature Conservancy, the Environmental Defense Fund, the Natural Resources Defense Council and the World Wildlife Fund. + +[Source](https://www.cnbc.com/2020/11/04/bezos-sells-more-than-3-billion-worth-of-amazon-shares-.html) +With the stock hitting a fresh all-time low on Wednesday due to negative reviews of its new product line, as well as a bearish analyst note that cut its stock price. "Our most recent checks were decidedly more negative as customers prefer the Silver's LCD screen and superior video quality over the Session's smaller form factor," Morgan Stanley's James Faucette said. Recently-updated video editing tools are still not as good as those found in other iOS/Android apps, and media and software are "unlikely to move the needle" relative to hardware sales. +Okay folks. + +As ETH has just crossed over $200 CAD and the hype is through the roof, I'd like to hear the other side of the coin for some good balance. + +What are the most realistic reasons you can think of for why ETH could drop in price and never recover again. Let's say a drop down to 25% of it's current price (or less) and never comes back from. + +Bonus points if you give a rough idea of how likely you think that outcome is. + +Love to hear some thoughts here. +Hi all, + +In my efforts to try to learn to code I have been working on a website that plots Ether's (and many other coins) price relative to the all time high. Specifically, it plots the closing price of the current day vs the highest price achieved any day prior using data from Cryptocompare. Here are some charts for ETH vs USD and ETH vs BTC: [ATH Comparison](https://imgur.com/a/sz1ix) that are pushing me to deposit some USD to buy ETH at its current price. + +How the chart works is that it has the date on the x-axis and the equation (Close Price @ today's date)/(All Time High as of yesterday's date) as the y-axis value. So, for example, if the previous ATH price as of Jan 1 was $100 but on Jan 2 we reach $150 (new ATH) and close at $120, the chart would show a value of 120% for Jan 2 ($120/$100). Then, if on Jan 3 we close back at $100, the new value for Jan 3 will be 66.7% ($100/$150). This calculation is what I think makes the most sense but please comment if you think it would be better a different way. + +The goal of this plot is to see if there are repeating percentages where peaks or troughs occur as these may be useful numbers to keep in mind when setting buy/sell orders (as useful as any trend analysis in crypto can be, that is). In addition, using percentages lets us compare data on a wider time frame as we can look at multiple run-up & correction cycles where the price of Ether differs by orders of magnitude and still analyze them all on the same scale. + +For instance, Ether vs USD shows that over the past two years, the correction after a major run-up has dropped down to ~35% before nearing the ATHs again. This is right about where we are now (500/1400 = 35.7%) so it seems like we should be nearing the point (at least historically) where the sell-off stops if we can believe that there is a public sentiment that ~30-35% of ATH, regardless of ATH price, is the point at which the discount is too good to ignore. For ETH vs BTC, however, it is less clear since we are not at the bottom of the ratio (~20% in Dec 2016 and Dec 2017) but have been trending downwards and we haven't had an ATH since last June -- for me, I am not converting BTC --> ETH unless we drop down to ~20% of ATH but I am also not going to convert ETH --> BTC as I am optimistic that the team will deliver on the scaling initiatives. So, for my money, as I am in the market to acquire more ETH I will be trying to scrounge up some fiat to spend instead of converting my BTC into ETH. + +Mostly just posting to prompt some discussion and see what people think about this plot/comparison and whether or not there are ideas about other comparisons or data analysis which may be useful. Overall, we are still within the bounds of a "typical" correction but if the price dropped to say $400 that would be a more significant drop relative to the ATH price than we had seen in 2+ years (around Q4 2015 it was as low as 25%). + + +If anyone is interested in checking out the site so that you can make this plot for other coins, send me a PM and I will send you the link. + +Edit: Site is [Cryptophan.net](https://cryptophan.net) if you want to check it out and make your own charts. As I said, I am just learning web development so I am certain there are still some bugs, particularly when viewing less popular coins (some are only recently available on cryptocompare's database). Please let me know if you find a bug or have suggestions! +Guten Tag to this global band of Apes! 👋🦍 + +The Easter holiday will have the German markets closed tomorrow and on Monday, so this will be my last post until Tuesday. + +The tone of messages from Ryan Cohen (or is it Warren Icahn?) and every other insider at GameStop and their blockchain partners has shifted significantly in the past few months, has it not? The tone now is quite a lot more confident, dripping with certainty about their current position. While the daily motion of the ticker sometimes falters, I draw confidence from the position of strength we HODL from. + +The signals continue to grow that the SHFs are struggling to maintain their positions, with borrow rates and short positions increasing steadily. XRT is well over 1000% short. The media FUD machine is in high gear, and the SHFs are attacking highly visible Apes to drive off new interest. Of course, if those tactics worked against Apes, we wouldn't be in this position. They don't have any way to defeat DRS, and DRS continues to be The Way of the Ape. + +So as we enter a long weekend, remember that each day your Diamantenhände HODL costs you little and costs them dearly. HODLing GME is a highlight of my past year, whereas shorting GME is the nightmare that never seems to end for them. I love this community and it brings me joy to write here daily, but I also delight to consider how my words are viewed by the SHFs when they visit to seek ways of dividing us. + +Do they not see our confidence? Our resolve? Our Diamantenhände? + +Today is Thursday, April 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$148.08 / 136,78 €** *(volume: 1280)* +- 🟥 115 minutes in: $148.09 / 136,80 € *(volume: 1231)* +- 🟩 110 minutes in: $148.14 / 136,84 € *(volume: 1229)* +- 🟩 105 minutes in: $148.13 / 136,83 € *(volume: 1222)* +- 🟥 100 minutes in: $148.11 / 136,81 € *(volume: 1222)* +- 🟥 95 minutes in: $148.16 / 136,86 € *(volume: 1222)* +- 🟩 90 minutes in: $148.23 / 136,92 € *(volume: 1121)* +- 🟥 85 minutes in: $148.18 / 136,87 € *(volume: 1121)* +- 🟥 80 minutes in: $148.84 / 137,48 € *(volume: 784)* +- 🟥 75 minutes in: $148.84 / 137,49 € *(volume: 724)* +- 🟩 70 minutes in: $148.90 / 137,53 € *(volume: 722)* +- 🟩 65 minutes in: $148.84 / 137,48 € *(volume: 679)* +- 🟥 60 minutes in: $148.77 / 137,42 € *(volume: 599)* +- 🟥 55 minutes in: $148.81 / 137,45 € *(volume: 598)* +- 🟥 50 minutes in: $148.85 / 137,49 € *(volume: 597)* +- 🟥 45 minutes in: $148.86 / 137,50 € *(volume: 594)* +- 🟥 40 minutes in: $148.87 / 137,51 € *(volume: 593)* +- 🟥 35 minutes in: $148.97 / 137,60 € *(volume: 589)* +- 🟥 30 minutes in: $149.03 / 137,66 € *(volume: 580)* +- 🟩 25 minutes in: $149.10 / 137,72 € *(volume: 576)* +- 🟥 20 minutes in: $149.07 / 137,70 € *(volume: 576)* +- 🟥 15 minutes in: $150.03 / 138,58 € *(volume: 210)* +- ⬜ 10 minutes in: $150.03 / 138,58 € *(volume: 207)* +- 🟥 5 minutes in: $150.03 / 138,58 € *(volume: 195)* +- 🟥 0 minutes in: $150.05 / 138,60 € *(volume: 194)* +- 🟩 US close price: $150.70 / 139,20 € *($149.80 / 138,37 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0826. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +My father was misdiagnosed with a stroke in 2010, lost his job, and we have been living at or below the poverty line ever since. + +I’m 22 and for the first time in a decade, I actually feel a slight weight lifted off my shoulders financially. + +I have $18,000 in student loans, and no other debt. I’m not really interested in paying off the entirety of the loans immediately because they may be forgiven in the near future. + +I live in a huge city with public transit, so I don’t need a car. + +I’ve always been too poor to travel, and backpacking through Europe has been a huge dream of mine. + +I don’t even know where to start. I have $6,000 in investments (my own money) and about $2,000 in a high interest savings account. + +Ultimately, I would love to turn this 60K into 100K and beyond. + +How can I approach this amount of money in a mature and responsible way? +I sold a put on Monday on WFC and although the stock dropped 4% on Tuesday because of earnings, the put lost more value because of IV crush. Today the put is almost worthless. Is it a good strategy to sell puts on stocks right before earnings? Are there any fundamentals that you would look for? +Hey y’all, + +So without a miracle from JPOW himself, I’m getting assigned on my $335p SPY put in 34 minutes. I’m not TERRIBLY worried about it, but I prefer the CSP side of the wheel over CC’s. So my question to the sub is, if I am looking to offload these shares quickly, would it be more advantageous to sell my CC’s every 2 days and collect 3 small premiums a week, or sell to Nov 6th, take advantage of the higher election IV and keep going with weeklies until these are called away. Unless the US government collapses next week, I’m sure these will rebound, it’s just a matter of how quickly. I lost a good chunk ($2k of total $35k) this week swinging in and out of a few other trades, so I’m looking to bring in the most premium until these shares are called. + +What do you think? Thanks! +Speaking mostly about short to medium term...a few days or weeks. Not walking away from the computer for lunch, or quitting for years. + +I did this back in May and while I missed the huge bullish rally (mostly), I’m glad I did take a step back for a bit. +I'm not sure where else to ask this, but it seems like you guys take this topic fairly seriously, and I'd really appreciate if some of you experienced folk could answer this question as honestly as possible. + +&#x200B; + +I'm not asking "Can I get rich in a year by day trading?" I'm not asking "Is day trading for me?" I'm not asking "Can I follow the advice on r/wallstreetbets and win big?" + +I am in my mid-20's right now. I am on the very verge (literally weeks) away from graduating with a mechanical engineering degree. I am very focused on achieving financial independence so that I may earn myself the opportunity to reduce how much I have to work and increase how much of my time I can spend on my family, my friends, and myself. + +The 8-4 Monday to Friday job/career is a harsh reality, but it is a reality for the vast majority of people because most people will not be satisfied with the "live in a camper van for $5000 a year" life style, which, as far as I can tell, is essentially the only alternative to earning a big enough income to sustain the typical lifestyle, even a frugal one. I especially despise the idea of spending the majority of my life working for somebody else until I am 65 or older just to sustain my lifestyle. + +I recognize that sustained frugal living and moderate, safe investing of excess income into index funds and the like is a reasonable strategy to mitigating that risk, but even with my income prospects, I'm not likely to be able to "soft retire" anytime before 50 (mechanical engineers in Canada don't get paid extravagantly well, on average - well, but not big money, especially when you take the cost of real estate into account). + +&#x200B; + +I am legitimately interested in the prospect of day trading for a living, because ultimately I am interested in being in control of my own time and my own life. Yes, I understand that day trading is not something that can be taken lightly. I acknowledge that it would very likely be stressful and time-consuming, especially in the first few years. I realize that greater capital is needed to safely make enough returns to have an income. I also realize that I would need to first develop a big cash safety net for myself (like, 1-2 years of straight living expenses) on top of my starting capital. + +I do not expect anything extraordinary, and I understand that I would have to spend much, much of my own time studying, practicing, and learning as much as I can about it in my down time if I'm to have any hope of being successful. I have spent 6 years in a challenging (to me) degree and I am confident of my ability to learn, and continuously learn about, complex topics. With that said, I have a few specific questions that I hope you all can answer: + +&#x200B; + +1. Is retail trading even a thing anymore? Is it a dying breed of work in the same way that, say, being a typist died out when most people learned to use personal computers? +2. Is day trading a legitimate prospect if you put enough work into mastering it? Meaning, is it "a long shot" like getting on an NBA team is a long shot, or is it simply a question of effort and practice? +3. What kind of percentage returns could I expect to reasonably achieve? Assuming about 250 trading days in a year, I tried to come up with a reasonable range with napkin math: lets say a yearly return of 45%, or an average of about 0.15% every trading day (fees, taxes, etc accounted for) on 20k nets approximately 9k in cash at the end of the year. Extrapolating this out at the same ROI year-on-year, by the end of year 5 this 20k would look more like 128k, and by the end of year 10 more like 821k. Of course, it would be difficult to live off of 9k in the first year, or 13k in the next year, etc, so the required starting capital is a big question. But am I way off on my assumptions? Is 45% YOY unreasonably optimistic? What is a reasonable expectation? + +I understand the reticence that amateur questions can provoke in investing subs, especially when it comes off as though the person thinks they can listen to a couple of pod casts and start doubling their money every six months. I want to assure anybody reading this that I am asking these questions from a place of deep interest and critical analysis, because I recognize that success with something like this would take a lot of dedication. I would just like some honest input from people who do actually day trade for a living, not secondhand experience about "I know a couple guys and they do really well" or "you'll just lose money." + +&#x200B; + +I really appreciate it if you've read the whole post. Thank you. + +\[Edit: Fixed my math, typed that in a bit of a rush.\] +Financial Times + +https://www.ft.com/content/925dd494-1bb2-11e6-a7bc-ee846770ec15 + +The Balance + +https://www.thebalance.com/u-s-companies-rated-aaa-higher-than-u-s-government-bonds-417105 + +This is our current president, and this WILL NOT END WELL for financial markets. + +https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html +Okay just did a ton of research… I have $3k to spend tomorrow and I kind of want to invest in the metaverse at a low entry that still hasn’t had a huge run up for some nice ROI (I know that means more risk…). The bullet list is what I'm thinking… what do you guys think? How would you invest it? + +Once most of these games release, they prob will have another run up huh? Then they will all consolidate/rise long term based on what people actually enjoy playing. + +I’m looking at going all in on **ROSE** and **SAND**. Rose.. They just partnered with Facebook/Meta yesterday. It's on KuCoin. + +Also, even though the narrative is around metaverse, what projects are actually looking to be used in VR? I know VRChat is another popular metaverse but isn’t on the blockchain to invest in. + +* **MANA / DECENTRALAND** \- The obvious leader in a decentralized metaverse, I’d say like the bitcoin equivalent. +* **SANDBOX** \- Prob a better play now for ROI, the ethereum equivalent. Brands buying virtual real estate here. It’s still only 2.6 billion in market cap compared to MANA’s 5 billion market cap. Lots of room to grow still yeah? +* **OASIS/ROSE** \- They just announced their partnership with Facebook/Meta. Their name is also the same Oasis from Ready Player One... +* **NTVRK** \- Just went through the dip a bit… You can buy space, land, ads, nfts, staking. Focus on virtual reality and augmented reality. They’re not just focused in the game side version of metaverse but the roadmap extends into virtual and augmented reality where the metaverse will start evolving into. MANA is only 2D. +* **CUBE** \- Metaverse that actually has VR capabilities. +* **WILDER WORLD** \- Graphics look dope. The price does seem extremely volatile. Not yet released. +* **STAR ATLAS** \- High budget looking space exploration game. Not yet released. Built on Solana… could have a nice run up. +* **GALA** \- They create blockchain games. Still only 7 cents. Price is moving slow. +* **ILLUVIUM** \- Built on the ethereum blockchain. Turned based game. Not yet released. +* **MVI** \- A metaverse index with a bunch of metaverse based projects. Seems like the safest investment. Slow and steady. +* **RNDR** \- Graphics engine built for the metaverse. +* **BLOK** \- Cyberpunk skyscraper. Still not released. Graphics look a bit meh… It’s highest was 16 cents and been on a downtrend since then. +* **REDFOX** \- Just went through a big dip so it has a good entry price right now. Possible potential for gains. +* **ENJ** \- Could be the safest long term play. Might not have the momentum for gains anymore though. Fundamentally it’ll be useful for centralized and decentralized games to create NFTS. Less niche and more longer play. +* **SHIRYO INU** \- Fantasy NFT trading card game. Super early entry. Fractions of a cent. +* **MERIT CIRCLE** \- Partnering with Illuvium, Star Atlas, and Axie Infinity. Seems like it could be vital for gaming and play to earn. +* **UFO** \- Fractions of a cent.. not yet super accessible to buy. Community owned. +* **VRA** \- Currently 7 cents, could hit 25 cents? +* **OVR** \- Mapping the real world virtually that you can scan the world with your phone. +* **METAHERO** \- Trending on Tiktok. Another thing that scans real world objects. +* **KALAO** \- Avalanches metaverse. + +Where do you guys think the metaverse narrative is going? I think there will be that high budget metaverse that Meta/Facebook is creating, but there might be a group of people that would prefer a decentrilized/community made version of that like Decentraland (MANA) and The Sandbox (SAND).I think some people will think this metaverse is something you need to live in from an outside perspective but in reality it really isn't. Personally VR for me has been about games; where if something dope comes out, I'll play that game till it's done like if I were playing it on a flat screen and then I'm done. Entertainment for the moment rather than living for it. + +Isn't metaverse just basically what VRChat is? I think the metaverse will basically make Facebook more "present" than posting a status which is "passive". But beyond that stage, what if the metaverse evolves into something that is functional and day to day where it dissolves into the background of your daily routine through augmented reality? Once it gets to a point where you can wear Ray Bans and people don't know you're connected to the augmented reality metaverse seems like the next level. + +Going about your day you usually do but with a holographic layer so the real world integrates with the metaverse with the internet of things. What if it gets to a point where you can close your glasses for full immersion (VR) and then open your glasses for AR? + +*edit update* I went all in on sand and rose. Pretty happy with my bags, so I’m ready to take off. Lfg. 🚀 +I quit my job last week so my income is reduced SIGNIFICANTLY. + +I’m working two jobs and make my own schedule for both. Well, one I max at 30 hours a week. The other one though, is totally up to me. I find that working 30 hours gives me a work life balance that I appreciate but obviously working 40 hours means more money. Which should I do? + +30 hour option- I make a monthly income of $2,500 and spend $2,000. I’d save $500 a month and have 2 days off. + +40 hour option- I make a monthly income of $3,000 and spend $2,000. I’d save $1,000 a month and could probably also have 2 days off, I’m just stressing bc I’d have to work longer shifts in order to have 2 days off. The job is really stressful, I take crisis calls at a call center, so I need to give myself longer breaks so I don’t get overwhelmed and/or burnt out. But it’s doable. And perhaps after checking out my budget, you’ll say it’s crucial. What do you think? + +Bills- rent, internet, water, lights, car insurance, gas, loan payment, kindle unlimited +I (20F) am very lucky for the job I have and that I don’t have a ton of expenses at the moment. While I know this won’t always be the case, I know there are better ways and more beneficial ways to store it that is not sitting in my low interest savings account. + +I’ve thought about investing it but knowing my luck, I would invest in the wrong thing and it would lose value. I’ve also thought about opening a high yield savings account, but I would like to stay at my current bank for my checking and regular rainy-day savings if possible, and I worry there would be difficulties transferring money over if I needed to dip into it. While I don't plan on touching it for a bit, a 401k plan makes me a bit wary as I know dipping into it prior to a certain age can cause you to lose money and if something were to come up, it takes a while to get the money out. As it stands now, the money just sitting there is making me a bit anxious. + +What do you recommend I do with it? +I plan to retire from the National Guard and federal systems in 8 years at the age of 59 and my wife will be 57. I will have forty years of service. My military pension and federal pension combined is estimated at 7k a month gross at age 59. + +We currently have 900k in trad IRA and 50k in Roth. For the next 8 years till retirement our combined investing will be solely in Roth 401 k and Roth IRAs, ($1400 and $1080 month respectively which includes employer matching funds with the 401k) I’m calculating our investments will be worth about 2.2m in 8 yrs, providing us 88k a year (based off the 4% SWR concept). This 88k yr. combined with my pensions of 7k a month, 84K year gives us a combined amount of 172k gross a year. This should net us 120-130k a year I believe, I though I’m still trying to figure out net income from our retirement gross income. + +Our planned expenses in retirement are 12k a month: basic needs at 7k, luxury needs 3k, and deluxe vacationing at 2k. We will also have enough emergency cash 75k and pension to support our life style for two years without any investment withdrawals. SS for wife will begin at 62 I will wait till 70, if I recall correctly, the reason for this is I read if I die she gets half of mine if its more than hers… + +Please post your thoughts, based your experience ensuring I’m not overlooking anything, 20 brains are better than one. + +Additionally, should I be 100% invested stocks due to my pension and emergency savings thus not needing the security of bonds or TSP G fund. + +Should I focus on increasing my dividend stocks as I have none. + +Lastly if shit goes south with the financial markets so do we, I feel we can live very comfortably in Dominican Republic or Portugal off my pension alone. + +Thank you for your time and guidance. +Thanks in advance for your input. Doctor here, 3 years out of residency. Making ~$300,000/yr, started with $519,000 in student loan debt (I know) I’m now down to 410,000. I’ve only really been aggressive in the last 2 years. Refinanced to a rate of 3.79%. I have 70k in cash that I was keeping as an emergency fund in a high yield savings account that was 2.2% now its 1.55%. My biggest expense is my student loan debt otherwise I can live on 2k/month. I’m scared of giving up my cash in case of emergency, but I’ll do anything to make this debt go away... +I'm 23 years old and my dream is to retire early (around 50-55) and travel the world. Ideally, I'd like to take one international trip and maybe one domestic trip a year until then. Some stats about me: + +- Currently make $63k/year as a teacher. My pay scale goes up to $133k with experience/post-grad education (which I plan to max out). This payscale increases each year by 1-3% based on cost of living adjustment. +- Have 6 months emergency fund savings +- Maxed out Roth IRA (opened it in April) +- 10% of my pre-tax income goes to retirement (CalSTRS) and my employer matches that +- Recently started investing with Robinhood (only put in one-time payment of $100 til I know what I'm actually doing there) +- ~$600/month in credit card fees (edit: I use my credit cards to buy my "needs" and pay them off in full every month. $25 minimum and no annual fees. Sorry for the lack of clarity) +- 16% DTI +- Currently put $900/month in savings +- 797 credit score +- Don't have kids and don't want any + +What should I do next if I want to retire early? Open a 403(b) retirement account? Save for a house? Would these things entail me scrapping my travel plans? + +Any advice would be appreciated! +Hello all, forgive my low financial literacy - I am working on it. (Any suggestions here are also more than welcome) + +I was originally in the market to buy my first home - but with the market booming, I am finding myself priced out of anything that I find remotely appealing, and have become a bit jaded with the whole process. + +So my question is, what else should I be doing with my money? + +I have $100K now just sitting in an account, essentially not growing - how can I maximise this growth, so I can try the market again in 18-24 months. + +I don't feel comfortable with the FHSS - I don't like the idea of taking money away from future me. I am now over 30 so don't qualify for the Westpac 3% savings account. + +So, does that leave me with a term deposit? Would the interest even be worth it over this time period? +whether it's DFV, RC, or that frickin' shill dog... + +ENOUGH ALREADY. + +i **guarantee** that you are not the first person to post a photo of that tweet. also, we have a rule here (#10, to be precise) that specifically disallows mass reposting. please, for everyone's benefit, STOP IT. if you want to follow these folks on twitter (i do!) - HAVE AT IT. but thinking that you need to run here and repost every single update the minute you see it in your timeline is wholly unnecessary. + +karma is a *worthless* measure of value and hoping to farm a bit from posting a photo 100 others have already posted is only serving to make this sub a worse place for everyone. + +take 5 minutes and scroll the front page before posting. if something is already posted DO NOT REPEAT THE POST. if you have something to add regarding that subject, POST IT IN A THREAD THAT ALREADY EXISTS. + +lastly, if the barrage of spam is also making you crazy, in addition to sorting by DD or News flair, you can also modify your Reddit preferences to "do not show me links after i've downvoted" which isn't a perfect solution (as you need to keep doing it constantly) but will help make the sub a bit more navigable for those of us who are uninterested in seeing screenshots of your positions (also against the rules here, btw), "i'm holding for [x] reason" or any of the other relentless spam topics du jour. + +🐒 + +edit: perhaps, as /u/atrivell pointed out, it isn't the rules that need changing, per se. it's enforcement of the rules we already have in place. there's a reason Rule #10 was instituted, but if fellow apes are still intent on posting things 400x a day, it's really up to our mods (all 8 of them) to stay on top of it. (especially now, as things begin to heat up and everyone gets excited.) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +tl;dr **Pushing the Ethereum brand would rocket ETH.** + +ETH got the fundamentals: Ethereum is the largest blockchain dev community, runs most of the hackathons, leads in corporate adoption, ERC20 Tether, DEFI adoption in China, South America, ... + +But still the price of ETH seems undervalued compared to BTC & Alts. And mainstream news write about bitcoin and payments more than Ethereum and what people are building on top - Stablecoins, lending, DAOs, social recovery... + +So why is that? + +**Bitcoin and Alts simply are better at telling their stories**. Bitcoin is a meme and Alts are literally only focused on marketing. While Ethereum projects mainly push their own agenda, instead of Ethereum as a brand. + +What if there was a **adoptionDAO**, which could fund small proposals for people to work on. Aka **pool ETH to pump ETH**. + +Some projects we could fund: + +* Push Ethereum Foundation to optimize [ethereum.org](https://ethereum.org) SEO +* Help MakerDAO & friends to push payment meme into web2 +* Push mainstream media to write about ETH +* Fund cyber punk videos on Ethereum. Remember those visionary 2016 posts about a future world with Ethereum? +* Fund local teams to represent Ethereum at conferences +* Fund DEFI project like Instadapp to build for non-crypto users +* Fund tech writers to explain Ethereum roadmap in a blog post series + +What else would you fund? +I'm working on building some functionality to a client's real estate site, and I want to pull some extensive real estate data. It seems like I have to go through each municipality and request it or pay an enormous fee to get it. + +Any recommendations? +Pretty much did it feel like babysitting for the bank? Does your management and repair costs eat up your cash flows? + +Sometimes I question all the money I will put in down payments could have been used for leisure. Ex 5 x 50k I could have travelled the world + +I'm looking at it like having 5 properties all Bringing in 3k to 5k a year cash flow. + +Year's later did your cash flows increase or stay around the same as when you bought it? Ex rents increase but so does your costs so in the end do you make more later? + + +I'm asking those who have multiple properties +Looking for some advice as to how my partnership can continue to scale our single family rental portfolio by raising money. A bit about us.. We currently have 37 upscale homes in our portfolio and are looking to continue growing without using our own money. We’re located in Springfield, MO where the average deal we’re buying is $75k-$90k before remodel costs. + +We have all of our systems in place to bring on private money and scale our operation quickly. Just a few of the mechanics to note... +1. In house property management that only manages our units. +2. 3 carpenters who only work for us on new acquisitions and run the remodels with our oversight. +3. Accounting professionally done by a small, local CPA +4. 3 local partners (each 1/3 owners of partnership). Real estate is my full time priority. It’s also one of my partners. Our other partner is a college professor with good RE experience. + +We need capital to fuel our future acquisitions and to keep all of our folks (who each do an incredible job) busy. + +What are some ways that we could raise money in this situation to continue our progress? In the past we have worked with local banks to get lines of credit on our high equity homes. Which we would then take out to purchase and remodel more. Since we’re at the point where we have 2 years of solid financials to show potential investors I’d love to identify some ways that we could raise money - and network with other investors as we pitch our deal. + +Our portfolios estimated valuation as of now is $3.25m with gross monthly rents of ~$35,000. We have a little under a million in current equity. Since nearly all of our units are remodeled after acquisition we have lower than average operating expenses. + +Ideally we would initially raise $100k in flexible capital without diluting ourselves. That would allow us to purchase approx 5 homes if we finance at 80% LTV with local banks and press forward into the summer. + +What can we do here? + +Thanks in advance for any insight or tips. Cheers. +Just wondering as I start to analyze deals if there is a recommended deal analysis spreadsheet someone can share? Also, how do you go about estimating things like insurance cost and other common expenses? +TLDR: Tits jacked. See image below + +[The address in the lower right bubble is the owner of the GME NFT](https://preview.redd.it/xl2d2uxorb391.jpg?width=1266&format=pjpg&auto=webp&s=bfc6f2cd11e842b991f9476b513716be783959ae) + +0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad is a wallet address I check on periodically, just to see if there are any new transaction breadcrumbs from which I can learn things. To refresh/clue folks in, this is the address where the original Gamestop NFT was minted. It also currently owns several ENS domains related to Gamestop/NFT/GME. + +See the original NFT transaction mint to this address below. *Note the Timestamp and Block Number.* + +&#x200B; + +[5\/25\/21 - Block 12501493](https://preview.redd.it/6l7vdrzasb391.png?width=1073&format=png&auto=webp&s=99a9b6c8c4245470249e3ad25058e6bdd17de9b9) + +Well, 12 days ago the address 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 sent the above address the ENS name "gamestopnftmarketplace.ens" + +[More images below following this thread](https://preview.redd.it/bwb5dv4ssb391.png?width=1015&format=png&auto=webp&s=160e543b93bc858d5fd7333f28a291e457795ef3) + +&#x200B; + +[View NFT for transaction above? Don't mind if I do](https://preview.redd.it/n9k7w1l2tb391.png?width=1391&format=png&auto=webp&s=1b84087282457c1b5166601c7a9f1b0c6f505292) + +&#x200B; + +[Nice ENS. Sick name ](https://preview.redd.it/p7hgocv3tb391.png?width=1390&format=png&auto=webp&s=25cc30c6ee7790bc677351db6e960ad237194446) + +So naturally, we should look into 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 a little bit more, right? + +Oh boy. 4 days ago, 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 sent 0x2989ef59893dC38F8530bf0eCFf1761b14ae3d85 something called a "MEW ETH Block" which is a type of NFT one is able to mint in order to commemorate an exact Block in the Ethereum Blockchain. ETH Blocks essentially allow people to mint and own NFTs based on "important events" in Ethereum history, where all events are connected to specific Blocks. + +[This is the transaction sending the ETH Block NFT](https://preview.redd.it/47ir71cetb391.png?width=1014&format=png&auto=webp&s=9463c9959552f9ac8aae182b4b755195ae79cc60) + +Do you notice which Block was commemorated with this NFT minting, friend? Why, it's our old pal Block 12501493 from 5/25/21! + +&#x200B; + +[Which member of the Gamestop NFT team do you belong to, fun new address with a special commemorative NFT?](https://preview.redd.it/ppfa0m5wtb391.png?width=1409&format=png&auto=webp&s=f4b21acd3c3b294b6cbc21e67477d15700ab101c) + +Etherscan isn't great for visualizing NFTs, but if we pop that baby over to OpenSea, we see the NFT of that historic block. + +[Someone at Gamestop is very proud of this moment in their history](https://preview.redd.it/8aahr8l1ub391.png?width=1561&format=png&auto=webp&s=0517e9d0964ae8e2d89a012fde0f669218410426) + +A little humblebrag now, if you check my post history, I called the Immutable connection months before everyone. I think this is gonna be big. +The Dow is about 1,6% on the red side and the S&P about the same. I see too many people suddenly panicking and selling their stocks, especially in tech. And not just any tech stocks, the gold boys of the subreddit: Microsoft and Apple! We’ve talked a lot in this subreddit how these companies are great long term plays with good upside, yet I see a surprising amount of people starting to wonder if they should sell their tech stocks. + +For those who are thinking of selling today, I want you to go back to that date when you bought the stock, whatever stock it was. Ask yourself: ”Why did I buy this stock?” + +Then ask yourself: ”Has the situation changed?” Do you still see the same qualities that made you invest in the company? + +If you see the same qualities that you saw at the start, continue what you are doing. There’s no reason to sell the stock, right? If anything, buy more! + +Stick to your original strategy. I’d just keep doing that DCA and buy the dips. Today is a great day to do that. Don’t worry. + +Edit: Thanks for the upvotes and awards! +I like to make my calls public. I just put all my spare cash into bitcoin and will continue to do so as long as it stays below 20k. + +It’s money I can afford to lose, but obviously I don’t want to lose it. It is enough for a house deposit. + +Stock market looks like shit. Interest rates will smash real estate. Bitcoin is the only place I see with room for growth at the moment. We are a long way from the top, it makes sense to me. + +Wish me luck comrades. +My employer, a large UK flowers and gifts manufacturer and supplier, is supposed to make non-salary sacrifice pension payments into our L&G workplace pension scheme every four weeks. The pension payments have always been late; however, now there are eighteen weeks on unpaid pension contributions. + +On top of that, for eleven weeks last year they did not make the employer part of pension contributions (I still received the employee part of pension contributions, as well as tax relief applied by L&G). Also, the most "recent" uplift of contributions to L&G was made incorrectly, and I lost out on tax relief that L&G applies as they had uplifted the payment as employer contribution to which no tax relief applies, instead of split employee and employer contributions. + +I have kept careful records of it all and know exactly how much of unpaid pension contributions they owe me. + +I have been contacting my employer's payroll department every few months, but they keep making excuses and promises. The reason they say they are behind is because of shortage of staff and too many different pension schemes to handle. + +After all this time, I am at my wits' end. Do I really need to beg them? I feel like such a nuisance already, I only make slightly above the minimum wage, but this money is meaningful to me. + +I have been understanding, I have asked nicely, I have quoted the law to them (as per my own research!), I have asked to contact the trustees (they ignored this request). Nothing. No joy. They keep fobbing me off. + +Is there anyone knowledgeable in the legal aspects of managing a workplace pension scheme and employer obligations who could advise me on how to approach them? I need something effective, that would make them sit up and take notice, and finally sort this mess out. + +Any advice would be greatly appreciated. What kind of letter should I write? Nothing I've done so far has worked. +I have just started doing research what it takes to be a day trader. YouTube gives so many options of “learn from me and you will be so successful!” Then it gets to the end of the video and they want you to buy a book, video, software, class or training course. I have no idea who to trust. Can anyone give me option of people who genuinely want to just teach and get people started day trading instead of trying to take advantage of “rookie”vulnerabilities? +So here I was, earning maybe 10\~15% every two days on SPY spreads, thinking I was making a smart play when I read a random comment that said something to the effect of: + +*I noticed that SPY tends to earn about $10 per month, so I buy a +$10 call for SPY a month out and sell when it hits 1K. I've made 3K the last three weeks.* + +So I tried it out, more cautiously, by buying a +$5 call a month out to be conservative. And I've already gained $300 (%80%) in two days, and switched all my spreads to these. Whoever you are, thank you, and I'll venmo you a pizza if I ever find you :-D + +EDIT: Just so that people understand something here - not only does this position have a higher margin of profitability for less overall risk than my original positions (already a huge plus), it also means that the SPY downturn that occurred today (ironically right after I wrote this) didn't hurt my investment much at all, whereas my original investments in SPY would been in heavy negatives right now. + +EDIT 2: I do actually sleep, so if I stop responding, I'll do my best to answer any questions when I next see them :-D For everyone who appreciated this post, happy to help :-D and feel free to DM. I'm also trying to start writing articles for newbie traders since a lot of people seem to be elitist and rude in the trading subs. + +Edit 3: So to make sure people understand what I meant, when I say +$5 call, I mean ***a call with a strike price five dollars above what the current price is.*** When I say +$10 call, I mean ***a call with a strike price ten dollars above what the current price is.*** + +FINAL EDIT : So two things - If I didn't answer a question, please just PM me. I've answered at least two hundred or more between PMs and this thread, and I may have mistakenly thought I answered you and I didn't. If so, my bad, and PM me and I'll answer you as I can (day job notwithstanding). Second thing, if you liked my writing or my answers and want to read more, feel free to hit my Medium blog ([https://medium.com/@patrykbg](https://medium.com/@patrykbg)). I'm starting a blog for beginner investors since so many people were rude, dismissive or obnoxious when I was first starting out, and I wanted there to be a spot where that wouldn't happen. **New post up just today!** + +Final Edit 2: The Return :: Sorry, one last update, just so that people following don't need to scroll down to find out **the status of this play -** + +SOLD - ~~1x SPY 9/28 350C~~ \- ~~the +$5 play that started it all~~ \- ***+$397*** *overall profit, went with the 2x because I wanted to get in on some sweet Tesla and Apple action as well. Mighta even had a 3X but hey, Apple was calling my name, and I had to heed the call.* + +SOLD x1, still 2x SPY 9/28 360C - the play that this post recommends - ***+500*** *overall profit as of 9/2 @ 1:40PM, 111% total profit and the sold one I just bought a replacement one with and banked the profit :-D* + +2x SPY 9/30 370C - bullish test just to see what happens - ***+$300*** *overall profit as of 9/2, 300% profit, I 3X'ed this biotch! WOOOO!* + +*So to all you haters insisting this wouldn't work, was bad advice, and was more dangerous than using butterknives in a toaster to get bread, where are you now? I like how a lot of you deleted your comments because you didn't want people to see how wrong you were, I guess?* ***To everyone else: Good luck with your trades :-D Consider this episode closed - I think we can all see how well this went. PM me if you want, but I won't be updating this section after today, as 3X was my exit strategy :-D Still keeping a few to see if I can go higher ;-D*** +Was calling the Chase Auto Loan department to make sure everything was in order before I went out hunting. A chase service answered and after a few options offered me "a 100 dollar voucher good at Target or Walmart for just 1.95" so I hit it because it sent up alarm bells. A woman answered and asked for my name and for me to get my credit card ready. I didn't give it to her of course. + +Turns out I had transposed the last four digits of the actual number from 7204 to 7024. They are camping out at numbers similar to legitimate phone numbers just waiting for people to call. Remember guys: if it seems too good to be true, it is. ~~And your bank should never ask you for your credit card or bank account numbers or your full social security number.~~ + +If it hadn't been so blatantly obvious I was at the wrong number, I may very well have given up SOME information to her and I am pretty quick on these things. I did report it to the legitimate agency once I got my business done. I am not sure how much they;ll be able to do about it though. Hopefully something. + +I am sure this is a problem that isn't limited to just this one number, though. Stay safe. + +Edit: fair point on the SSN. I have never had to give account into or SSN over the phone myself so jumped the gun on that. But definitely for numbers you don't usually dial or odd sounding offers. + +Edit2: I know this seems like really basic advice. The main point is that We are automatically suspicious of numbers that call us but when we are calling what we believe to be a reputable place, we may be less discriminating. +Holy shit what a ride folks. We are back in the green 15 minutes to go in the race. HODL we can break this red day green. tendies await you good autists. 🚀🚀🚀 The thrusters will be fixed momentarily my friends. BRN IS NO LONGER A PENNY STOCK AND THEREFORE NO MORE DUMBFUCK DISCUSSION YEEEEEEEEEEEEET ME TO THE FUCKING MOOOOOOOOOON +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +After getting mad FOMOlosing money on boomer stocks I've finally had enough. + +How do I find these meme stocks before anyone else? CPH? Bruh what?? It feels like all of you retards found that stock early on and I'm thinking what? Am I so out of touch? Or is it the children who are wrong? +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I'm sure most of you agree that passive income is one of the biggest factors when it comes to the world of financial independence. There are quite a few common/well-known streams of passive income (such as advertising on a website, or renting out a property), but I was hoping some users here could enlighten us with first hand experience with lesser-known PI sources. Let me know what your thoughts are in regards to this topic! + +EDIT -- Here's a few things people are suggesting: + +1. Self-publishing + +2. Lending money: Stocks, bonds, p2p loans. + +3. Lending real estate: rentals, roommate, airBNB. + +4. Monetized YouTube videos + +5. Royalties through books, music, art, etc. + +6. Purchasing stable websites + +7. Importing and selling products on Amazon + +8. Perennial food garden (Anything cutting your recurrent living cost) + +9. Product licensing + +10. Affiliate marketing +Let’s take a moment to laugh at them. + +In the last 24 hours, 48.012 traders got liquidated because of shorts they had placed on bitcoin. A total value of $211 MILLION dollars was liquidated from bears. + +The largest single liquidation happened on Huobi for a value of $2.21 M. + +I don’t know what it is, but seeing bears get liquidated gets me up in the morning. I know that dips hurt us all, but in the end you just know you’ll have this feeling of bears getting rekt again, sooner or later. + +I hope you guys’ morning coffee is as sweet as mine: Milk, sugar, rekt bears. + +Have a great green dildo day friends! +Hi, + +Currently in the process of applying for a mortgage and they came back and said I had a default on my credit file with Sainsburys Bank. I then fend out that my mum had taken a loan out in 2017 in my name and has been paying it off since. She then stopped paying during covid and the account eventually went into default. She has shown me the payments she has missed and the payments she had made and the balance has now been paid off (albeit after default) + +I am obviously gutted and furious and spoken to Sainsburys and given them my name , DOB and customer reference number and they have basically said they have no record of the account so can’t do anything at this time and can’t even find the account so they can’t comment on any payments etc or how they can help. + +I’m currently on hold to ActionFraud but at the moment I have had a loan taken out in my name, a default on my credit file and the lender of said loan saying they have no record of it on the systems they have access to over the phone. I just feel totally hopeless I don’t know where I can go from here? +If the lender is saying they can find no record of it and say there’s nothing they can do at this time then what else can I do to get this resolved ? + +Any advice would be greatly appreciated. + +Thanks in advance +Hi, I have no idea why I'm turning to this subreddit or if this is outta place here... I'm sorry and if so I'll appreciate anyone pointing me in the right direction. + +&#x200B; + +My \[30/M\] little brother \[22/M\] was killed in a senseless shooting a couple days ago. I'm the oldest sibling, single-mother household, I just arrived home last night, as I was outta town. Police are still investigating, murderer has been caught but I digress... don't really care about that right now. + +&#x200B; + +I'd like to know what to expect... my brother is at the coroner's as far as I know, I need to make a few calls today: to the detective/police, my brother's employer, and probably consulate as he was not yet a US citizen but was in the middle of the process. My brother has just gotten outta of car accident that left him like 10k of money, and he worked hard so he had a bit of savings, 401k, etc, etc... do I need a estate lawyer to deal with all this? He was just 22 and single so major assets, but I don't even know where to start. + +&#x200B; + +As far as funeral stuff, I think his employer had a Death and dismemberment (or life ins.) policy (or something like it) but I am not sure how to go about that. I know funerals are expensive and from reading a thread a long time ago on reddit that the "mom & pop" funeral homes are just owned by big greedy corporations that prey on loved one's at their worst times. + +&#x200B; + +Another issue I'm not sure where to start is that my brother was not yet a US citizen he'd been here since he was like 5, but put off doing the naturalization "because it was too expensive" ... he was actually in middle of that process right now, he was waiting on a naturalization interview. My family might want to repatriate his body to our home country, and I'm going to call the consulate to find out more about that process, but any advice about that is appreciated. + +&#x200B; + +Anyhow, thanks in advance. +Many, if not most of those pursuing FIRE utilize tax advantaged, government controlled retirement accounts. Most of the changes are good, such as contribution limit increases and the ability to do simple direct 401k roll overs. But this isn't always the case, such as the recent rule making IRA recharacterization prohibited. + +Does the prospect of a bigger policy change with negative-effects factor into your FIRE plans? (i.e. recent pension changes in France) + +If so, how do you compensate for that risk and if not, why not? +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 + I hope to live many more years and follow the growth (I hope) of the market but we never know what might happen tomorrow. + +I don’t have any children yet, but if I did and something happened to me, I’d like them to keep my coins for their future. + +I personally don’t like to talk about cryptocurrencies with personal friends and family and in my case it would make things a little difficult. + +I don’t think I’d be able to trust anyone with my personal keys no matter how much I trust them, you never know what they might do when I’m not around anymore. + +Recording a video explaining and showing how they can use and withdraw coins is also a good option. + +Honestly it’s something I don’t like to think about but it can happen and if it happens it’s always better to be prepared. +Please tell me your prediction for the price of ETH at the end of 2019. + +2018 was a year to forget as far as ETH prices was concerned. A lot of crypto bulls with wildly optimistic price predictions have their hopes dashed. With the 2017 bull market far behind us and a lot of the moon-boy types no longer around, perhaps we will be able to get more realistic price predictions for 2019. + +My prediction is between $300 - $500 if everything goes according to plan. If PoS somehow gets released and becomes successful in 2019, I can see prices being much higher. +What would happen if POS is effective in Ethereum, you mine with your stake and get hit by a power outage like right now happening in South America. Will you be 'punished' and have your stake get 'slashed'? And if so, how much will you loose? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Yesterday the EU framed new KYC and AML mandates that affect all crypto service providers including exchanges and wallets. + +[EU Rep: After months of negotiations with the Council, we agreed the most ambitious travel rule for transfers of crypto-assets in the world. We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules. ](https://preview.redd.it/kbya9kz9dq891.jpg?width=1372&format=pjpg&auto=webp&s=b58c00d6aeb38b29f09c0615d2cbd77e75a18bcc) + +With this deal, they are now slapping travel rule requirements across europe for all crypto entities. They have to now track every wallet level information of users and allow withdrawals only to wallets that have been verified by users as belonging to them. This is known as travel rule, and is already in place in some countries but with this deal, it will apply to the whole of the EU. Presently, Swiss exchanges require you prove your wallet belongs to you. Now, the whole of EU is going into this standard. + +If you are withdrawing funds or sending funds to an exchange, the onus now falls on the exchange to ensure the wallet is KYC'd to you. **You will have to sign a message from the wallet to prove you are the owner of the wallet. Otherwise, the exchange may not be able to accept these funds.** + +According to these laws, + +>The regulation will also apply o transfers from/to unhosted wallets. CASPs will be required to collect information and apply enhanced due diligence measures with respect to all transfers involving unhosted wallets, on a risk basis. + +This means the exchanges and centralised services will have to collect information and do all kinds of due diligence on where the funds originated from, if you are sending funds from your personal on-chain wallets to these centralised entities. They may reject your funds arbitrarily, and even hold your funds hostage if you dont pass some of their automated checks. + +>Verification of the identity of the beneficial owner of the unhosted wallet will be mandatory for large transfers above 1000€ in case the transfer is made to or from the wallet belonging to the CASP’s own client. + +This means if your transaction exceeds 1000€, the onchain wallets (termed as unhosted wallet in regulatory speak) identity has to be verified. Imagine this - doing a passport or drivers license verification on Jumio everytime you send a €1000 transaction from a new wallet....**PS: Unhosted wallet terminology is total nonsense**, devised by unelected agencies like FATF to stigmatise onchain crypto users. Purely, from crypto's technical perspective, the term "unhosted" doesnt mean anything. Its not hosted on their fiat system, so its unhosted? Lol.. these classifications have been created solely to limit access and differentiate onchain crypto users vs those using the fiat rails. + +Some other policies that are part of this deal: + +>New risk-mitigation measures will be in place: CASPs will be required to perform enhanced due diligence before establishing a business relationship with CASPs operating in third countries. Specific enhanced due diligence will apply to unregistered and unlicensed entities. + +The whole "deal" originates from a position where anyone using crypto is being seen as an adversary, and they want the centralised entities to limit such users as much as possible. It also empowers centralised agencies even more to lock, seize and hold hostage user's funds by now taking shelter under a host of new AML mandates. Lets say you made an onchain trade for a new coin on a new chain, and that mooned and now you want to cash out, but the exchange doesnt accept this, then they can hold your funds hostage + +The EU is clearly focussed more on limiting people's financial privacy than taking any kind of action on the massive wave of inflation that EU countries are currently facing. This EP member Ernest Urtasun's country Spain is facing record inflation of over 10%.. and all they can think of is gutting people's right to financial privacy. + +These are draconian laws and restrictions on people using their own funds. Just to please a bunch of bureaucrats, you will have to sacrifice on your privacy. The need for P2P services rises even more now where you can continue to trade and exchange crypto without the need of centralised intermediaries. + +&#x200B; + +Link to the EU deal: [https://www.europarl.europa.eu/news/en/press-room/20220627IPR33919/crypto-assets-deal-on-new-rules-to-stop-illicit-flows-in-the-eu](https://www.europarl.europa.eu/news/en/press-room/20220627IPR33919/crypto-assets-deal-on-new-rules-to-stop-illicit-flows-in-the-eu) +Do you guys think I should contribute more than 6% then? I haven’t learned much about retirement accounts and this is my first job that offers this benefit so I want to make the best decision. Also, I’m saving up to buy a house right now so I’m torn between putting a lot of money in the 401k or saving cash for down payment. How bad do I need this house? I would say pretty badly. We have a baby on the way and rent in our city is going up tons. + +Edit: since this post, I’ve learned my vesting schedule is 100% after 1 year. I’m halfway there. + +Also, thanks to everyone who have replied. I’ve since learned this is a good deal and to always contribute to the max for free money. I also want to add my job does have crappy health insurance so it’s not all good over here! +You are here for tech? Fine. + +You are here for money? Fine. + +You are here for revolution? Fine. + +But why are you still here if you don't even take the chance to own your crypto? Why transfer your money to shady people like Vlad. Why trust them? + +People like CZ, SBF are becoming billionaires because we let them take the idea of crypto and turn it against us. We literally take our saving and create those "big guys" we then want to fight. + +Fuck them. Let's use this "crypto winter" to actually achieve something. Let's make those CEXes obsolete. By simply using crypto as it was intended to. + +By owning it. + +&#x200B; + +https://preview.redd.it/47yk5jzh3qz91.png?width=1240&format=png&auto=webp&s=ef5e4440a786b8b6d8fbab0938fd93f300aa8593 +Not every answer can be easily found by Googling. + +Some questions are about a deeper level of understanding. + +For example, I'm not 100% sure how do blockchain updates work. +For example, if my ETH is in a cold wallet with no internet connection, how will it get the update? + +Or do only the nodes need to get the updates? + +Now I understand this could be a stupid question coming from a lack knowledge, but I really want to understand the technology more. + + +**What are things you want to know but + too afraid to ask about crypto?** +Apologies in advance if this is the wrong place for this question. + +I (30M) usually ignore this stuff, but an older relative's comment got under my skin because he worked in banking for 40 years and until now he has always given good advice. I make a living from youtube, have been for a while, and my fiance and I plan to finally buy our first at home some point next year. Apparently her salary as a teacher will be taken into account more than my own income, is there any truth in this, or is my uncle just stuck in the past? + +Edit: thanks for all the helpful responses, it's given me a better idea on what to plan for / expect :D +Pre-covid there was a rental shortage but no labour shortage. Now if we have a rental shortage does that not mean our cities are full of working people then how do we still have a labour shortage? +Throwaway account for obvious reasons. I am posting this for others who may be debating about what to do with their BTC gains. + +First heard about Bitcoin in 2013. Ordered $8k worth of computer parts and took over the extra power in my house and built milk crate mining rigs. Kept them running, even as the price fell... As cards failed I didn't replace them. Long story short, I end up with ~80 BTC. + +During the "down years" before things really picked up steam I played around mining some other things, so I have around 65 Litecoin and 70 Ethereum. I messed around and spent some BTC just because I could, a couple BTC on online poker/casino sites to see how it worked... And that ill fated 1 BTC porn video from a Redditor who is probably laughing her way to retirement by now.... ;) + +Earlier this month I became a cryptomillionaire on December 10th. That was an awesome achievement. Luckily for me I've been involved in technology so I was already a millionaire in the traditional sense. Not anything too crazy... 4M net worth or so, but used to dealing with money and investments. My advice to others is based on 30 years in technology and being a high net worth individual since the early 2000's. + +Today I passed 1.5M in crypto wealth and I cashed out a third of my holdings to pay off my mortgage. I did this for multiple reasons: + +1. I think we are in a speculative bubble. I believe in crypto and blockchain technology. It is going to change the world. But the utility is not fully there yet. The current price, in my opinion, is overinflated relative to what these things are really doing in the world. I think there will be a correction but eventually things will really take off, similar to the dot com bubble. Having worked in technology since 1997 this is just my opinion based on my gut reaction to everything going on. + +2. Traditional banking needs reformed/to die. Why should a big bank get to collect thousands in interest from me every year? I view selling some of my crypto and clearing a major debt as not only a personal gain but a vote against the system. I would encourage anyone who can clear debt against existing fiat to do so. I would rather put $1k back into crypto a month than be giving $1k in interest back to the banks. + +3. You are not investing if you are not ever willing to take gains, you are just gambling. I don't think anyone should ever sell 100% of their crypto, but you need to be able to part with some of your BTC at the time and choosing that makes the most sense for you and your goals. + +As part of adjusting my crypto portfolio for the future today, I also converted all my Bitcoin Cash to BTC. I very much do not like what is coming out of the mouths of that group, and I believe there should only be one "Bitcoin." I am appreciative of the free money that landed in my lap from that fork, but too many options is going to confuse the general public. I encourage everyone to do the same. + +As I write this, I am still a cryptomillionaire and am looking forward to the future. But I have future goals in mind where I may clear other debts or continue to diversify. Unless you have no debts at all and no plans in your life I think HODLing until death is a pretty silly idea. Everyone should have some goals in mind with any financial venture. Just make sure they are big enough checkboxes that you won't keep looking back. + +EDIT: Since many people have asked: I used Gemini to do the sale. I also have a Coinbase account, but the fees are much higher for a large sale. Yes, you can have your limits raised at both places to be able to do larger sale quantities and bank transfers. + +EDIT2: Just to clarify, me mentioning my net worth and background is not to brag (to be honest, many of the people I know in the industry are worth 10X me because they took more risks) than wanting other people to know that I consider myself a successful and educated investor. When someone who has no experience is handed 1M they lose it (look at lottery winners). I want people to NOT lose, so I am using my knowledge to make sure others without that think carefully and realize that taking some gains is not a bad thing. HODL is great and all, but you need to be smart about what you own, crypto or otherwise. I apologize to anyone if it comes off as grandstanding, but you shouldn't get emotional about money. +Ive been playing around with a sports betting bot and have had some success. I have however read in the TOS of DraftKings and BetMGM that the use of bots can subject you to forfeiture of all account assets. Has anyone had this happen to them before? If so did they take all your assets or only your winnings? Any insight/advice would be greatly appreciated. +If I assume $10 of commissions + slippage per trade is that too low of an estimate? Assume I start with a $30K account. I know this is a 0 cost simulation, but I need a realistic dollar amount for slippage + commissions per trade. I have lifetime license, so I know commissions is $1.99 each way per trade but slippage is tricky to estimate. + +&#x200B; + +&#x200B; + +https://preview.redd.it/7pv7i3pwpik91.png?width=2004&format=png&auto=webp&s=ec68a8798a78609c4ad2abb14f8e79ea7c8d2f62 + +&#x200B; + +&#x200B; + +https://preview.redd.it/vhuonzqqqik91.png?width=2052&format=png&auto=webp&s=2384df51b37fcf561a28dd278ccbc1b7f4863690 +Hey folks, + +&#x200B; + +I'm heavily invested in a couple of cannabis stocks. Some of their competitors have an insane amount of goodwill on their balance sheets. I'm familiar with its' workings but I'm a bit lost on how to use it in a valuation. For example, Tilray has close to 2.5b in goodwill on their balance sheet. That's more than a third of their market cap and I found that this bloats their price to book a lot. How do you guys look at goodwill and is there anything I should consider? I'm personally not accounting for it whatsoever as an asset but I might be wrong to do that. + +&#x200B; + +Also don't worry I'm not even thinking about buying Tilray 😝 + +Thank you!! +IMHO, Return on invested capital is a phrase most famously associated with Joel Greenblatt. + +What’re you thoughts on ROIC when deciding your next value investment? +Hey folks, + +&#x200B; + +I'm heavily invested in a couple of cannabis stocks. Some of their competitors have an insane amount of goodwill on their balance sheets. I'm familiar with its' workings but I'm a bit lost on how to use it in a valuation. For example, Tilray has close to 2.5b in goodwill on their balance sheet. That's more than a third of their market cap and I found that this bloats their price to book a lot. How do you guys look at goodwill and is there anything I should consider? I'm personally not accounting for it whatsoever as an asset but I might be wrong to do that. + +&#x200B; + +Also don't worry I'm not even thinking about buying Tilray 😝 + +Thank you!! +I was looking at HPQ when I realized that the leading PC seller by market share is Lenovo. After looking at the stock it seems really cheap, even cheaper than HPQ + +\- forward pe: 5 + +\- dividend: 5% + +\- Incredible growth + +\- \* a bit of share dilution + +&#x200B; + +What am I missing? (other than it is Chinese) +**Intel Cursory Analysis** + +[https://docs.google.com/spreadsheets/d/e/2PACX-1vTwTg\_qqKPp4hE4OZjW5c\_srhU2JZ6iX0W9NcY1r1x8LxAM6J70mWacf06EsCGDTA/pubhtml?gid=1291904498&single=true](https://docs.google.com/spreadsheets/d/e/2PACX-1vTwTg_qqKPp4hE4OZjW5c_srhU2JZ6iX0W9NcY1r1x8LxAM6J70mWacf06EsCGDTA/pubhtml?gid=1291904498&single=true) + +&#x200B; + +**Forbes: Intel - Too Big To Fail** + +(22 February 2022) + +[https://www.forbes.com/sites/greatspeculations/2022/02/22/intel-too-big-to-fail-goes-high-tech/?sh=5cf71e477866](https://www.forbes.com/sites/greatspeculations/2022/02/22/intel-too-big-to-fail-goes-high-tech/?sh=5cf71e477866) + +>Despite struggles to launch new products, rising geopolitical pressure, and increased competition, this company is making the necessary investments to address the challenges it faces. The stock price indicates the market is expecting a worst-case outcome, but this company is Too Big To Fail for the U.S. economy. Intel (INTC) is this week’s Long Idea. +In my analysis, I cover this question in particular ([click here](https://theeuropeanview.com/fundamental-amazon-stock-analysis-the-european-view/)) and want to share the essence here with you. Many investors have problems with the valuation of the Amazon stock. In particular, the high P/E ratio, which is misleading in the case of Amazon, indicates a substantial overvaluation. I will show you here why the P/E ratio is exceptionally not a suitable figure to determine the value of Amazon: + +Jeff Bezo’s primary goal is growth by all means. And it is secondary to him if profitability suffers as a result. When Amazon received antitrust clearance to acquire Whole Foods, Jeff Bezos immediately began what he always did: cutting prices. On the very first day, Jeff Bezos arranged for [**far-reaching price cuts of up to 43 percent in all Whole Foods markets**](https://www.bloomberg.com/news/articles/2017-08-28/amazon-cuts-prices-at-whole-foods-as-much-as-50-on-first-day). In [**his first letter to shareholders in 1997**](https://media.corporate-ir.net/media_files/irol/97/97664/reports/Shareholderletter97.pdf)**,** Jeff Bezos clearly stated that he did not place great value on profits and that he would always opt for cash flow when in doubt: + +>*When forced to choose between optimizing the appearance of our GAAP accounting and maximizing the present value of future cash flows, we’ll take the cash flows.* + +The company is therefore not at all interested in making a profit. Accordingly, you should neither look at the P/E ratio nor at the book value of the company, since the book value is derived from the equity accumulated by profit, among other things. What you should do instead: Look at the cash flow and how the cash flow has developed historically. Evaluating Amazon can be tricky, but I think considering cash flow is a way to get a grip on it. +Aerojet is being purchased by Lockheed Martin (LMT) for $51 in cash. AJRD currently trades for $42. This is a $9 spread (21%) and is expected to close in 4Q. This means it could close within 90-120 days which would be an annualized return of 80%+\-. The reason for the spread is that some fear that the deal could be blocked by regulators. However, 13 members of congress recently wrote a letter supporting the deal. + +https://www.reuters.com/business/aerospace-defense/exclusive-lockheeds-aerojet-deal-gets-support-13-members-congress-letter-2021-09-01/ + +Aerojet is one of the last standalone propulsion companies and supplies to LMT and Raytheon. Raytheon is trying to block the deal, but I don’t think that should be an issue as there are other competitors that are not standalone propulsion companies (Northrup Grumman). Additionally, we have now seen companies create their own i.e Space X etc so there are plenty of other propulsion competitors. + +Additionally, if the deal were to fail Aerojet should not see a significant price drop as they are still a strong company as a standalone and may trade down to mid 30s as the previously were if the deal is not completed. As such, with an upside of 20+% within 4 months and limited downside if the deal is not completed seems like a great value play. +Hi Everyone, I only really started to properly dig into value investing this year, and its hard to find the time. With full-time work, learning about all this almost like another full-time job. I find it hard to balance work, learning, friends & family commitments alongside the mountains of reading and analysis. Does anyone else find it difficult? + +Does anyone else also feel like they are the only person who actually really wants to learn this stuff within their social circle, but would also like some like-minded people to discuss this with? +After reading about FCF, I saw an example of Michael Burry describing how to calculate MCE, being that most companies don’t specify this number on the Cash Flow Statement. + +He recommended using depreciation as a substitute for MCE instead of Net CapEx when trying to calculate FCF. Is this a logical substitute? + +Personally, it makes sense to me to use in order to distinguish between maintenance and growth but I was curious what others think. +How do you know how much of the buyback is actually going to the benefit of owners? + +Or another way to look at it, if the buyback all goes to the benefit of owners how do you measure the impact of dilution on current and future owners' earnings? + +Another issue, fully diluted shares do not include options that cannot currently be exercised (correct me if wrong please). How do you account for those in valuation and future owners' earnings? +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +How does everyone cope with trailing the indexes? + +I’m kind of tired of seeing my accounts lagging. I’m thinking of putting most of my accounts in index funds and investing in a small number of companies I have full conviction in. +Cinema Stocks took a big hit following Regal Cinema’s closure of their theaters. HOWEVER, despite the extreme pessimism facing movie theater stocks, I see huge upside potential for Cinemark Holdings. Some of the highlights: strong insider buying, unwarranted pessimism indicating a high likelihood of "short squeeze", cash runway into q4 2021 assuming theaters are closed (which is already not the case with 80% of CNK's theaters opened). Short-term catalysts include the reopening of California and New York theaters and a potential vaccine after the election which would instantly lead to at least a 30% bump. + +As the quote goes: “ *If you own a stock where negatives are largely known, then* ***good news that comes as a surprise can have outsized effects***\*.\*” - John Ness + +Here's my Due Diligence, and feel free to leave constructive criticism :) + +[https://www.youtube.com/watch?v=rhT5cgOr4Ek&feature=youtu.be&ab\_channel=FinancialGAINZ](https://www.youtube.com/watch?v=rhT5cgOr4Ek&feature=youtu.be&ab_channel=FinancialGAINZ) +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +There are many ways to get fundamental data (i.e. balance sheet plus income and cash flow statement) for stocks listed in the US, e.g. fmpcloud, tikr, tiingo, koyfin, refinitiv, or the sec website. + + +But what about stocks solely listed in Europe (I am mainly - but not exclusively - looking for the big markets such as Germany, Britain, France, Italy, Russia, Spain, Netherlands, Switzerland, Austria, and Belgium)? + + +I did my own research before writing this post but could not find anything useful at all. +Are there any sources you can recommend to a novice investor? +IMHO, Return on invested capital is a phrase most famously associated with Joel Greenblatt. + +What’re you thoughts on ROIC when deciding your next value investment? +Like the title says, do you have particular news outlets or analysts that you follow more closely? None of them have a crystal ball, but some of them seem to be very biased one way or another. +Reposting from this morning. Not really sure what was going on with the post, but here we go, again. + +**\*Obligatory,** none of this information is financial advice and is the result of my studies. All investors must do their own due diligence, come to their own conclusions, and make their own financial decisions. + +**Update to Original Post:** + +* Added onto the TL;DR +* I've added onto and clarified AIG's 2008 securities lending losses within this post to include information that funds, and borrower loses could be substantial worse for GME securities lending counterparties, and +* included new funds + +**If you've read the prior posts and are just here for the updated funds, please proceed to Example 4**. Otherwise, here you go. + +**TL;DR** Broker Dealers (primarily believed to be the big banks/prime brokers) are estimated to have borrowed at least **5.72M shares of GME** from mutual funds and ETFs (funds). The funds are exposed to potentially catastrophic securities lending counterparty loses. The brokers are also exposed to risks in multiple areas. They are; relending the borrowed shares, they own shares of the funds that are originally lending the GME shares, and their own company's shares are within some of the funds' holdings. (Insert WTF face) I'll explain more. + +It's a long post and I believe it is 100% worth the read as it shows the interconnectedness of the entities involved and how everyone, from the short seller all the way back to the shareholders of the funds loaning the GME shares are exposed to potentially catastrophic losses during MOASS, which is why I believe my shares are safest at Computershare. + +Background Information + +**Broker dealers are exposed to potentially high $ securities lending counterparty risks from GME and we can see it.** Mutual funds and ETFs (funds) have lent GME shares to broker dealers who in turn lent it out to be shorted. The lending of this security makes the fund and the broker dealer a "counterparty", hence "securities lending counterparty". + +[AIG](https://insight.kellogg.northwestern.edu/article/what-went-wrong-at-aig) suffered roughly $21B in losses from this same business practice in 2008. They would borrow securities from a broker (Citadel & others) and lend them to hedge funds, who would short sell the stock. AIG's counterparties (the brokers) were bailed out [$43.7B](http://graphics8.nytimes.com/packages/images/nytint/docs/aig-bailout-disclosed-counterparties/original.pdf) in 2008. + +There are **two main types of securities lending risks**. + +**The first risk** type is what AIG experienced as the collateral they received from the lent securities was reinvested in illiquid high-risk assets, including assets backed by subprime residential mortgage loans which lost value during the sell-offs. + +In 2014, current SEC Commissioner Hester Pierce had the following to say; *Through the securities lending program, AIG and its life insurance subsidiaries had massive exposure to residential mortgage-backed securities. At the height of the 2008 crisis, the program experienced a run, and AIG could not meet the massive repayment demands.* ***The losses in the securities lending program were severe enough to imperil a number of AIG’s regulated life insurance subsidiaries. Before the bailout, AIG itself may have been insolvent.*** [\[Source\]](https://www.mercatus.org/publications/financial-markets/securities-lending-and-untold-story-collapse-aig) + +In order to close a securities lending transaction, the fund needs to return the collateral to the borrower when the borrower returns the share, which would mean the fund would need to close some of its positions unless it has the collateral already set aside, which it most likely does not because **everybody wants more money**. Since AIG reinvested the collateral they received in dog shit wrapped cat shit, the collateral had lost a lot of value and wasn't worth as much when they needed to cash out. + +If you want to get really technical on 2008 securities lending issues, check out [Securities Lending & Why Wall Street Sold 2.5T Treasury IOU's Last October](http://www.24hgold.com/english/news-gold-silver-securities-lending-and-why-wall-street-sold-2-5-trillion-treasury-ious-last-october.aspx?contributor=Eric+de+Carbonnel&article=2507793268G10020&redirect=False) + +**The second risk** **type** ***relates to a worst-case scenario*** *-- when a borrower, such as a hedge fund or investment bank, collapses and is unable or unwilling to return assets to the fund. Let's use Fannie Mae (2008) bonds as an example. A fund accepts Fannie Mae bonds as collateral, and while holding that paper, its value decreases. The agreement calls for these securities to be marked to market daily, with any decrease in value covered by the borrower. However, if the borrower fails to increase the amount of the collateral, and does not return the borrowed securities when they are due, the fund now has collateral worth less than the value of the securities lent out, and it experiences a loss in its net asset value.* [\[Thanks Motley Fool\]](https://www.fool.com/investing/general/2008/10/16/the-risky-business-of-securities-lending.aspx) + +Thinking of that AIG example, funds are currently lending GME shares to brokers who are ***relending*** the security to a hedge fund to be short sold... + +During MOASS, the [mutual funds,](https://mutualfunds.com/education/mutual-funds-and-security-lending/) and [ETFs](https://www.etf.com/etf-education-center/etf-basics/understanding-securities-lending?nopaging=1#:~:text=ETF.com%20Securities%20lending%20is%20a%20fairly%20simple%20process,typically%20hold%20thousands%20of%20shares%20of%20various%20stocks) currently loaning GME, and the *investors* of those funds, have a similar but worse exposure to securities lending risks then the brokers who were involved in AIG's scheme. + +The brokers currently borrowing and lending GME have a similar but worse [exposure](https://deloitte.wsj.com/articles/securities-lending-a-focus-on-two-risk-areas-1495080131) than what AIG's exposure was in 2008, which was famously catastrophic for AIG and its counterparties... I wonder how it will go for the current GME lenders? + +What's more, the *investors* of the funds loaning the shares are the very brokers who are borrowing shares from the funds. **They own shares of the ETFs** **loaning the GME shares** (ex. BofA owns 11.6M shares worth $3.3B, of IJH) So, they're exposed as lenders of the securities and as investors in the funds loaning the shares. + +And MOAR, some **funds also hold a lot of the brokers OWN shares** (ex. VTI holds 83M shares of JPM - worth $13B)... So, the broker is now exposed to counterparty risk 3 ways... + +1. They are borrowing and relending the security, +2. They own shares of the fund which exposes them as *investors* in the fund, AND +3. Many of these funds hold shares of the broker. If the fund needs to liquidate any of these holdings due to their own counterparty loses, the share values will lose money as they're being sold off. + +Here are the main stats from the NPORT [post](https://www.reddit.com/r/Superstonk/comments/tpm5si/nport_gme_deep_dive_so_much_gme_lending_total/) I made which showed how much GME was being lent: + +* **138** of **213** funds were loaning GME shares +* **70** funds lent out more than **90% of their GME shares** +* An estimated **5.72M of total 11.98M GME shares were on loan** (this is just loaned securities and does not account for rehypothecated shares or other avenues of securities lending), +* from the data filing, we were able to see the fund's securities borrowers and how many $ worth of securities they borrowed (this includes all securities, not just GME). We KNOW that someone(s) on the list of borrowers is borrowing GME. +* The primary borrowers of the one fund reviewed (a Fidelity Mutual Fund which had lent $61M worth of GME) were; Morgan Stanley **($911M)**, Goldman Sachs **($454M)**, Citi **($388M)**, BofA **($380M)**, JPMorgan **($321M)**, State Street **($239M)**, Barclays **($115M)**, BNP Paribas **($105M)**, UBS **($56M),** etc. + * That's a lot of $ on loan for just one fund... +* A lot of funds loaning the GME shares are managed by the same list of entities who are borrowing shares from the funds + +I'll leave some quotes regarding securities lending counterparty risks later in this post for additional clarity. + +# The Web + +**Example 1** of securities lending counterparty risk is the fund which is estimated to have lent out the most GME shares: + +**Vanguard Total Stock Market Index Fund (VTI)** filed on 3/1/22 for holdings on 12/31/21. + +Total GME Shares = 1,847,760 + +Total GME Shares on Loan ≈ 1,185,700 + +See the prior post for supporting information on how this was calculated. This fund has a lot of exposure when short sellers fail to return all of their shares during MOASS after the short sellers have been liquidated. + +The NPORT-P filing also gives us a list of the fund's securities borrowers along with the value of the securities on loan. This is for all securities, not just GME. Here are this **fund's borrowers:** + +[ Nearly $4B worth of securities on loan to these 24 borrowers ](https://preview.redd.it/5vydi3gnidu81.png?width=898&format=png&auto=webp&s=b8c816d285b57ea55a8efc58b95549e4cf161a26) + +Take a close look at those names... These entities are borrowing the funds then lending them out to hedge funds, best case scenario. We don't know for sure which entity is borrowing GME specifically, but someone(s) here is. + +I wonder who is a **shareholder** of this fund if they have counterparty risk as well? As of their last filing, these guys: + +[ Well, that's basically the same people plus Citadel ](https://preview.redd.it/h7nbskgvidu81.png?width=1081&format=png&auto=webp&s=8e5d6b67e1d432298b44585a2f55b4feaa75fd9c) + +Nearly $10B worth of this fund's shares are held by the same entities listed as the securities borrowers of the fund. + +So wait, the same entities who are borrowing securities from the fund, also own shares of the fund? They have counterparty exposure as fund ***investors*** as well as the ***borrower/lending agent***. $ bills are starting to add up a bit. + +# But Wait... There's MOAR! + +The fund has exposure as well. When short sellers fail to return shares during MOASS, the fund may need to liquidate holdings to keep its head above water. Here are some of the **fund's holdings:** + +[ $40B worth of these securities are held by the fund ](https://preview.redd.it/cpw1348cjdu81.png?width=1183&format=png&auto=webp&s=dec07f47a8ac272f8cda4695a12057910eb434da) + + + +Okay, so when short sellers fail to return shares to the lending agent (the banks), and + +the banks fail to return the shares to the fund, and + +the banks own shares of the ETF, and + +the ETF owns shares of the banks... What happens? + +# 🕸️⏰☎️💥 + +[Vanguard Total Stock Market Index Fund NPORT-P Filing](https://www.sec.gov/Archives/edgar/data/0000036405/000175272422053911/0001752724-22-053911-index.html) + +[Whalewisdom: Vanguard Total Stock Market Index Fund](https://whalewisdom.com/stock/vti) + +# Example 2 + +Here is the fund estimated to have loaned out the 2nd most GME shares. **This fund's advisor is Blackrock:** + +**iShares Core S&P Mid-Cap ETF (IJH)** filed on 2/25/22 for holdings on 12/31/21. + +Total GME shares = 1,711,041 + +Total GME Shares on loan ≈ 820,172 + +Here are the **securities borrowers of that fund:** + +[ Just over $2B on loan from this fund... A lot of the same names ](https://preview.redd.it/jullfwrljdu81.png?width=756&format=png&auto=webp&s=6972a8c22156de6b578b133cf3ab6f2aa1e37858) + + Here's some of **fund's shareholders:** + +[ Holding $14B worth of the fund... ](https://preview.redd.it/cbfbfxarjdu81.png?width=1213&format=png&auto=webp&s=cb9c5df7185204086447a5e6a908b4ccac410f7e) + + Here are the **fund's holdings:** + +https://preview.redd.it/ohqh97okmdu81.png?width=1181&format=png&auto=webp&s=4063becd6a1b6e36aed0a1a2cb637f964d2c28b2 + +I like cash. + +Also, some Total Return Swaps of funds with HSBC and JPMorgan as counterparties. Here are the supporting links: + +[iShares Core S&P Mid-Cap ETF NPORT-P Filing](https://www.sec.gov/Archives/edgar/data/0001100663/000175272422046262/0001752724-22-046262-index.html) + +[Whalewisdom: iShares S&P Mid-Cap ETF](https://whalewisdom.com/stock/ijh) + +[Gamestop NPORT-P Search](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&startdt=2022-01-01&enddt=2022-03-31) (for list of all funds holding GME shares) + +# Example 3 + +The fund estimated to have loaned the 8th most GME shares (205,000): + +**Vanguard Value Index Fund (VTV)** filed on 3/1/22 for holdings on 12/31/21. + +[ GME accounts for $30M of all securities on loan by this fund \(27&#37;\) ](https://preview.redd.it/tvpidb5pmdu81.png?width=754&format=png&auto=webp&s=c1f4f919d384fc065c5b2cbc001531188ad5cd87) + + **Shareholders of the fund:** + +[ Holding $14B worth of the fund shares ](https://preview.redd.it/dk00nvfjpdu81.png?width=1127&format=png&auto=webp&s=6ec8165862efec7ce3709c21e7aeca8c6d7e1b2c) + +Just to name a few other shareholders: BNYM, Blackrock, BNP Paribas + +**Holdings of the fund** (deleted the image as I'm out of room for pictures): + +* Bank of America Corp (53M shares valued at $2.36B) +* Citigroup Inc (15M shares valued at $915M) +* JPM (22M shares valued at $3.57B) + +**Other holdings** of this fund include: BNYM, Blackrock Inc, Blackstone, CBRE Group, Cboe Global Markets, CME Group Inc, Charles Schwab Corp, Fidelity National Financial Inc... Just to name a few. + +# Computershare + +Direct Registration is how I am protecting my shares in the event my broker defaults and is liquidated [(741)](https://usbankruptcycode.org/chapter-7-liquidation/subchapter-iii-stockbroker-liquidation/section-741-definitions-for-this-subchapter/) from short selling OR securities lending counterparty losses. There's lots of DRS posts out there that will break down the reasons why I feel GME's transfer agent, Computershare, is the best place for my shares. + +I'm not telling you that your broker will default. I'm also not telling you to DRS your shares. I'm simply saying that **I feel safest knowing most of my shares are on GME's books at Computershare** because when marge calls and the short sellers are liquidated, that exposure is going to be passed elsewhere, including to the funds and other entities involved in the securities lending listed above, and the other avenues we've done our DD on. + +# The Counterparty Risk + +[Deloitte - Securities Lending](https://www2.deloitte.com/us/en/pages/financial-services/articles/addressing-securities-lending-risks-with-blockchain.html) + +***A typical securities lending transaction involves multiple entities: borrower, lender, lending agent, prime broker, and clearinghouse.*** *Lenders typically include various investment firms, as noted above, whereas, broker-dealers and hedge funds make up the bulk of the borrower group. Lending agents, on the other hand, are broker-dealers, custodial banks, and some large asset management firms as well.* + +***In almost every securities lending transaction, lenders are exposed to multiple risks***, such as counterparty default risk, collateral reinvestment risk, market risk, liquidity risk, operational risk, and legal risk. In particular, counterparty default risk and collateral reinvestment risk seem to have captured the most attention from regulators. + +[SEC - Securities Lending by U.S. Open-End and Closed-End Investment Companies](https://www.sec.gov/divisions/investment/securities-lending-open-closed-end-investment-companies.htm) + +*Lending agents* ***often*** **(not always)** *indemnify* (protect) *funds against the risk that the borrower will fail to return the borrowed securities (to the extent that the value of the collateral is insufficient to replace the unreturned securities).* ***Lending agents, however, typically do not indemnify funds for losses incurred in connection with cash collateral reinvestment.*** + +[mutualfunds.com - Securities Lending](https://mutualfunds.com/education/mutual-funds-and-security-lending/) + +***When a fund lends the stocks,*** *these assets are not actually part of the fund, the put-up collateral is.* ***Typically, U.S. Treasuries or cash is used.*** *However,* ***in*** ***recent years everything from mortgage backed securities and derivatives to letters of credit and other exotic I.O.U.’s have become commonplace***\*. These sorts of instruments fluctuate in price and must be marked-to-market daily. That can actually affect the net asset value of the mutual fund if they swing rapidly. An additional risk is if the mutual fund invests that money in something less than desirable to juice returns.\* + +*Secondly, if the collateral drops in value by too much, the investor borrowing the shares may be forced to add additional collateral or cover the short early. If they can’t,* ***the mutual fund and its investors are on the hook for the damage.*** + +The same thought process for [ETFs](https://www.etf.com/etf-education-center/etf-basics/understanding-securities-lending?nopaging=1#:~:text=ETF.com%20Securities%20lending%20is%20a%20fairly%20simple%20process,typically%20hold%20thousands%20of%20shares%20of%20various%20stocks). + +# Example 4 + +This is the fund estimated to have loaned out the 19th most GME shares (45,220). + +**iShares Core S&P Total U.S. Stock Market ETF (ITOT)** filed on 2/25/22 for holdings on 12/31/21. + +Here are the fund's **securities borrowers:** + +[ Borrowing just shy of $1B from the fund ](https://preview.redd.it/9a4da82crdu81.png?width=882&format=png&auto=webp&s=5d250a9092172a9d42fc017001f9f683ec18e9ee) + +Here are the **fund's shareholders:** + +[ Holding over $9B worth of the fund ](https://preview.redd.it/bobjfi6hrdu81.png?width=1053&format=png&auto=webp&s=04c07ff8161f31516c47f9c70795a6620ce9c53f) + +Here's a few other fund **shareholders;** BNYM, Blackrock, National Bank of Canada, Susquehanna, US Bancorp, Royal Bank of Canada, Fidelity, Bank of Montreal + +Here are some of the **fund's holdings:** + +[ Holding over $1B worth of these securities ](https://preview.redd.it/ppwzz21qrdu81.png?width=1269&format=png&auto=webp&s=c78a9c212b6e37db1b531b822fe4ce0bb11bbd94) + +Some other **holdings** of the fund include; Apollo Global Management, BNYM, Blackrock, and Blackstone, Cboe Global Markets Inc, Nasdaq Inc... The fund has holdings of exchanges too? What? Yep, there's MOAR funds just like that. + +[ITOT - Whalewisdom](https://whalewisdom.com/stock/isi) + +[NPORT Filing](https://www.sec.gov/Archives/edgar/data/0001100663/000175272422046360/0001752724-22-046360-index.html) + +# Example 5 + +Here is the fund estimated to have lent out the 3rd most GME shares (418,000), this fund does not hold any bank shares, but important to continue showing the overall exposure: + +**Vanguard Extended Market Index Fund (VXF)** filed on 3/1/22 for holdings on 12/31/21. + +[ Borrowing $1.7B in securities ](https://preview.redd.it/8wyazx4xrdu81.png?width=881&format=png&auto=webp&s=1381741588d34f65632cc0439841d54b388f6f18) + + **Shareholders:** + +[ Shareholders are holding $1.43B in securities ](https://preview.redd.it/d21asf76sdu81.png?width=1053&format=png&auto=webp&s=636f0f0d416735e0911dfe2105bb39c12e334655) + +**Other shareholders**; Blackrock, Deutsche Bank, Fidelity, Jane Street Group, Millenium Management, Royal Bank of Canada, Natixis, Susquehanna... + +Are you noticing some repetitive names? + +# Example 6 + +Here is the fund estimated to have loaned out the 23rd most GME (34,483): + +**College Retirement Equities Fund - Equity Index Account** filed on 2/24/22 for holdings on 12/31/21. + +Here are the securities borrowers: + +[ Borrowing $171M securities ](https://preview.redd.it/opzusgccsdu81.png?width=882&format=png&auto=webp&s=3a316447853596aab8b991e7c5eb99eab35a8b99) + + Here are some of the fund's **HOLDINGS:** + +[ Holding $725M in these securities ](https://preview.redd.it/m15jpaorsdu81.png?width=955&format=png&auto=webp&s=7e0c417cdc45dc0bdcaa3de8e0526e8af4cf0300) + +Here are the funds **shareholders:** + +[ So yeah, there's that, and that's why you don't dance ](https://preview.redd.it/bbafbgyxsdu81.png?width=768&format=png&auto=webp&s=61e4fda2122beaa3d9dff0f2887eed52365139f6) + +[Link to NPORT Filing](https://www.sec.gov/Archives/edgar/data/777535/000175272422044235/xslFormNPORT-P_X01/primary_doc.xml) + +[Link to Fund Information](https://www.tiaa.org/public/investment-performance/investment/profile?ticker=268561119#resources) + +["R" Class Funds](https://www.thebalance.com/what-are-mutual-fund-class-r-shares-2466763) + +# Example 7 + +Here is the fund estimated to have loaned out the 36th most GME (23,252): + +**iShares Russell Mid-Cap ETF (IWR)** filed on 2/25/22 for holdings on 12/31/21. + +Here are the **securities borrowers:** + +[ Borrowing $1B ](https://preview.redd.it/b479dz46tdu81.png?width=757&format=png&auto=webp&s=89cd57d220f47e34d06b6fc32e7a6383961991a2) + +**Shareholders:** + +[ Holding 122M shares worth $10B of the fund ](https://preview.redd.it/ds8z85kbtdu81.png?width=1051&format=png&auto=webp&s=ea9f89931f772895dec02bbd455d2809a812c714) + +**Fund holdings:** + +[ Holding $1.6B in these securities ](https://preview.redd.it/rhuoee1gtdu81.png?width=1267&format=png&auto=webp&s=0320edb82e886739b38618d36f508c7b47658083) + +This fund includes the same familiar names, and you'll also see Iron Mountain, who holds books/records for many of the entities listed throughout the post. + +**\[Insert dumpster fire meme\]** + +Do you see the vastness of risks involved in the short selling process, especially if most of that short selling is naked short positions AND other hidden means? + +Decentralized tokenized exchanges could potentially benefit from the fallout illegal naked short selling will cause the world's financial system 🤔 + +# fin + +When short sellers are liquidated during MOASS, funds, fund shareholders, and fund borrowers are exposed to huge securities lending counterparty risks. The above information shows a small glimpse of the GME securities lending taking place and the potential exposures for everyone involved. + +Again, these statistics do not include any information on rehypothecated shares, any other avenues of securities lending, or any form of short interest. This is merely the estimated number of shares on loan by some funds. + +Every quarter of 2021, the NSCC has had this (or similar verbiage) to say regarding the Clearing Funds backtesting, *the largest deficiency incurred during the quarter was mainly driven by a concentrated security* ***exhibiting idiosyncratic risk*** AND they didn't have enough cash on hand to cover the potential default of their largest member 5 times in 2021. This had never happened before. [DTCC](https://www.dtcc.com/legal/policy-and-compliance) + +*What's an exit strategy?* + +**You want to get even wilder?** Go look at the main holdings and shareholders of **AGG, IGSB, & NEAR** to find out that **these entities are indirectly holding their own and each other's debt through ETFs.** + +**Note 3:** If everything is starting to look like a web, maybe there is a hub? I feel it important to point out that A LOT of entities listed as borrowers or shareholders of the funds above, are also listed on the **W\^E\^F PARTNERS** [**PAGE**](https://www.weforum.org/partners#D) **including** [**BCG**](https://twitter.com/ryancohen/status/1512103363311243269?cxt=HHwWisC4nev_iPwpAAAA) **& the DTCC** along with a lot of other familiar faces, including [Ken Griffin](https://thefundchicago.org/who-we-are/board/kenneth-griffin/). Maybe there is a connection, maybe it is complete coincidence. When coincidences pile up though, it's worth looking into them. + +**Note 4:** I am not a financial advisor and none of this information is financial advice. I am simply providing information that is publicly available. + +# 💜🟣💜 + +Tanks fo reedin +"With Friday's losses, the S&P 500 fell 19.4% in 2022, its largest calendar-year decline since a 38% drop in 2008. Closing at 3,839.50 on Friday, the S&P 500 now stands at the same level as March 2021." + +[Full article](https://finance.yahoo.com/news/stock-market-live-news-updates-december-30-2022-113654551.html) +🎉Welcome to💧WATER FINANCE 💧! 🎉 + + +Water is a new defitoken with a low mcap of under 400k and was released 3 days ago! + +Current supply is at around 840k with a token burn after every transaction! + +Water currently trades at 40 cents and is already up 8x!🚀 + + +☄️BUY $WATER: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x57f81252D1187754048F5aF1938226B9034B599f 🔥🔥🔥 + +🌠WEBSITE: https://www.waterdefi.com/ + +Telegram: t.me/waterdefichat + +contract: 0x57f81252D1187754048F5aF1938226B9034B599f + +Still less than 500 holders wich means theres huge upwards potetial! +# And they said I was wrong about Adam Aron... + +&#x200B; + +https://preview.redd.it/lbztx22t07691.png?width=600&format=png&auto=webp&s=24352f7d7014159115ad660a8dfbb91413aa82ec + +\---------------------------------------------------------------------------------------------------------- + +APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\----------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\--------------------------------------------------------------------------------------------------------------------------- + +Ok… It’s time to get some things clear. + +**FIRST** \- Since I’ve started writing these Apollo episodes, I’ve heard every excuse under the sun to defend Adam Aron… and I’m going to address those. + +**SECOND** \- In case you haven’t read all of these episodes, or I haven’t been clear… I’m going to break down and simplify the Private Equity Hostile Takeover Playbook and how it applies to what you’re seeing in the market today. + +\----------------------------------------------------------------------------------------------------------- + +# Adam Aron Excuses: + +Adam Aron is not an Apollo Plant because… + +**If he was a plant he wouldn’t have resisted their Chapter 11 takeover attempt in Dec 2020 - Source:** [https://nypost.com/2020/12/11/apollo-circling-amc-as-chain-scrambles-to-stay-afloat-sources/](https://nypost.com/2020/12/11/apollo-circling-amc-as-chain-scrambles-to-stay-afloat-sources/) + + + +Let's take a common-sense approach to this. When Apollo, who owned Popcorn Debt at the time decided that they were going to push the company into Chapter 11, they were playing by their standard approach to this model. Something they have done again and again. + +But in the Game of Thrones, 1 month is not a long time. And from December 2020 to Jan 2021, can you guess what **MAJOR VARIABLE** changed in the fundamentals of the company? + +Yup… the **RISE** of the Planet of Apes. This introduces a **MASSIVE** variable and huge influx of cash into a company that Apollo and Adam Aron had control over. It would no longer make sense for them to just trash this cash cow. + +So hypothetically… if they could spin a narrative that Adam Aron is fighting off the bad guys by rejecting Apollo, wouldn’t that divert attention to the connection between Adam Aron and Apollo… hmm… + +But they passed their first-lien debt over to Mudrick Capital/Silverlight instead of Apollo… why would he do that if he was working with Apollo? + +Good question right? + +Well, that’s usually where the debate stops because no1 has looked past that point. + + + +But if they had… they’d realise, that not long after that (In Game of Thrones terms) Adam Aron, the hero fighting off the dragon at the door… passed the first lien debt **RIGHT BACK TO APOLLO** + +There was absolutely no need to do this. + +They had their debt obligations covered, they were out of Chapter 11 territory… and they had the new influx of cash from Popcorn Apes. + +So I challenge ANY OF YOU to come up with a reason to pass the first lien powers back to Apollo? + +(Remember… first-lien means, in the case of Bankruptcy, these creditors get paid first - so Apollo gets paid) + +&#x200B; + +**EARLY PUPPY BREAK BECAUSE I'M ALREADY SICK OF TALKING ABOUT HIM!** + +\--------------------------------------------------------------------------------------------------------------- + +Awww... look! It's a popcorn-themed puppy break! Look at these liitle guys with their 3D glasses! + +https://preview.redd.it/ap7m640yw6691.png?width=630&format=png&auto=webp&s=17153f570ddcb0ff5d57cce23aa5ad788f218f8c + +\----------------------------------------------------------------------------------------------------------- + +# And here’s how he did it… + + + +Remember that **BIG NEWS** announcement of Aron being the hero again and pushing the high-interest debt further out using Senior Secured Notes? + +Source: [https://investor.amctheatres.com/newsroom/news-details/2022/AMC-Entertainment-Holdings-Inc.-Announces-Senior-Secured-Notes-Offering-and-Proposed-Redemption-of-Existing-Senior-Secured-Notes/default.aspx](https://investor.amctheatres.com/newsroom/news-details/2022/AMC-Entertainment-Holdings-Inc.-Announces-Senior-Secured-Notes-Offering-and-Proposed-Redemption-of-Existing-Senior-Secured-Notes/default.aspx) + +&#x200B; + +**DATED 2ND FEB 2022!!! - Yes that's just 4 months ago!!** + +&#x200B; + +And on the same day released a second press released to up the value of these Senior Secured Notes from $500 million to $950 million... + +Source: [https://investor.amctheatres.com/newsroom/news-details/2022/AMC-Entertainment-Holdings-Inc.-Announces-Upsize-and-Pricing-of-Senior-Secured-Notes-Offering/default.aspx](https://investor.amctheatres.com/newsroom/news-details/2022/AMC-Entertainment-Holdings-Inc.-Announces-Upsize-and-Pricing-of-Senior-Secured-Notes-Offering/default.aspx) + +&#x200B; + + + +And the whole Popcorn Community went Apeshit with excitement that Adam Aron is actually a great leader??? + +Here’s AMC Biggums hype video to explain in detail: [https://www.youtube.com/watch?v=-MqPgoKWdBE&ab\_channel=AMCBIGGUMS](https://www.youtube.com/watch?v=-MqPgoKWdBE&ab_channel=AMCBIGGUMS) + +&#x200B; + +https://preview.redd.it/uj7ivqn2y6691.png?width=2202&format=png&auto=webp&s=d9a165285c924b9ee55fffa1352c9cb69af782e8 + +Including the source to who (Apollo), this applied to… + +[https://www.kfetch.com/contracts/0001104659-20-089170\_4/apollo-global-management-inc/amc-entertainment/6-4-2020](https://www.kfetch.com/contracts/0001104659-20-089170_4/apollo-global-management-inc/amc-entertainment/6-4-2020) + +(Apollo Global Convertible notes Contract) + + + +So he basically changed Apollo’s Convertible High-Interest notes to Senior Secured notes right? **(Feel free to prove me wrong here legal apes)** + +&#x200B; + +FUCKING PUPPY BREAK!!!! + +\----------------------------------------------------------------------------------------------------- + +Aww.... who's a little puppy with his seatbelt on... Safety First - BUCKLE UP!! + +https://preview.redd.it/zwj9bbfgy6691.png?width=640&format=png&auto=webp&s=c6235806d297dba403e0d034ecc06a462e8706d6 + +\------------------------------------------------------------------------------------------------------ + +# So let’s look at the definition of Senior Secured Notes shall we? + + + +***“Senior notes are bonds that must be repaid before most other debts in the event that the issuer declares bankruptcy. That makes senior notes more secure than other bonds. That greater level of safety means investors earn slightly lower interest rates.”*** + +Source: [https://www.investopedia.com/terms/s/seniornote.asp#:\~:text=Senior%20notes%20are%20bonds%20that,earn%20slightly%20lower%20interest%20rates](https://www.investopedia.com/terms/s/seniornote.asp#:~:text=Senior%20notes%20are%20bonds%20that,earn%20slightly%20lower%20interest%20rates). + +&#x200B; + +So in exchange for lower interest rates, Adam Aron gave them back their first place in the queue in case of Bankruptcy… + +Seems like a good deal to me… **ESPECIALLY** if you are Apollo and figure Bankruptcy is coming right? + +**NOW…** + +Let's look at a further definition of Senior Secured Notes… + + + +***Senior Debt, or a Senior Note, is money owed by a company that has first claims on the company’s cash flows. It is more secure than any other debt, such as subordinated debt (also known as junior debt), because senior debt is usually collateralized by assets. It means the lender is granted a first lien claim on the company’s property, plant, or equipment in the event that the company fails to fulfill its repayment obligations.*** + +Source: [https://corporatefinanceinstitute.com/resources/knowledge/finance/senior-debt/](https://corporatefinanceinstitute.com/resources/knowledge/finance/senior-debt/) + +&#x200B; + +# Hmm… + +SO… Senior Secured Notes have first claims on a company’s cash flow, and has first-lien claim on a company’s assets?? + +&#x200B; + +# COMPANY'S ASSETS??? + +&#x200B; + +So remember the Private Equity Hostile Takeover Playbook, everyone?? + +&#x200B; + +https://preview.redd.it/kdj7e6fzy6691.png?width=895&format=png&auto=webp&s=491968cc0ceedf80bd5a7625548fbc680dae5b2b + + + +Whether it’s Expensive Consultant groups or Inside CEO plants… you want to load up the company with Assets before priming them for Bankruptcy right? + +That way when they push for Chapter 11 - Private Equity gets the assets (Like the ones secured by Senior Notes) + +&#x200B; + +# So Apollo has the senior notes… + +&#x200B; + +Popcorn has been on a buying spree buying up more theatres… + +Then they add a Gold mine to the asset bag of Tricks… + +And now after the Annual Meeting, Adam Aron announces a further $100 million to go into his war chest to buy up more distressed assets that may or may not have anything to do with the world of cinema??? + +\------------------------------------------------------------------------------------------------------------ + +WHY??? - Because Popcorn are "Experts at scrounging up liquidity" (Adam Aron Quote from Popcorn Annual Meeting) + +Sure they are... Popcorn Apes have deep devoted pockets... and are willing to put it where Adam Aron tells them to... like Hycroft! + + + +**Seems like Apollo are using Popcorn and the Cash in the Popcorn Apes pocket to execute a mini-version of the Private Equity Hostile Takeover Playbook… to buy up distressed assets under Popcorn…** + +...**but THESE ASSETS are ACTUALLY secured by the Senior Secured notes to Apollo???** + +&#x200B; + +# Am I fucking wrong??? + +&#x200B; + +Makes a lot of sense as to why he would then say this... + + "Many of you do not believe this number is accurate, But that is the number, we KNOW to be true..." + +In relation to the Share Count and existence of Naked Shorting right? + +&#x200B; + +—----------------------------------------------------------------------------------------------------------------- + +BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +[BBC Part 16.1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) **The Apollo Missions** + +\--------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\--------------------------------------------------------------------------------------------------------------------------- +I woke up a few days ago with a bank notice, stating that my account is -998.56. + +I immediately called my bank, and filed for investigation of what the fuck happened. + +I logged in and went over everything, going about a month back, tiny transactions that I didn't authorize, and even more recently, cashed checks that I didn't know about. +Three checks went through, each 'bounced' so I'm Assuming I'm not the only guy she took for a ride... + +The girl I was dating somehow came about money... Even bought me dinner... I'm not a very bright person, and I'm not good with money, so I usually don't check my account unless there is an issue.... So I noticed this all too late. This was all over a couple of days, and frankly, I haven't felt more used and stupid. + + +How can a bank investigate these fraudulent charges and come up with the verdict wrong? Don't they check ATM cameras to show it wasn't me? + +What can I do? I shut my card off, but my account is still in the negative, and they said the investigation is closed! + +Can I press another Investigation? What if I never get my account settled? + + + + +***edit***: thank you for your replies, I will be calling yet again tomorrow. + +To clarify, she did not have MY checks (thank christ) but she cashed someone else's on my bank account. My bank is Chase. + + +Also, no, I DID NOT give her my pin... Unfortunately I am a fucking moron, and had given her my voice mail password, which is exactly the same....... I never really thought I'd run into that issue... + +Just one more thing... +This is all extremely overwhelming. I'm incredibly glad that I have the help of a lot of professionals on this site. +All of you who took the minute to read, and minute or two to reply, thank you very much. I know its small, but I somehow feel a little better about all of this, and I feel like I have a hand in my future. + + +Hi all, + +My mother has just received £120k after the death of my grandmother but currently has no house (pays £600/month rent), no pension other than state pension and no investments. + +Obviously the money will lose value if its sat in the bank so just wondering what would be the best investment strategy for someone of her age? It would be great if this money could last until she goes, so anything that is low risk and can beat inflation would be preferred. Is this correct? + +I have scheduled advisory talks with both HL and AJ Bell for her but would love to get some opinions and thoughts before she speaks to them. + +Thanks for your time and advise. +Fellow apes, we are now long past the point whether MOASS will occur, and I am simply an X ape in this endeavor. However, MOASS will not be instantaneous and there will be many opportunities to sell for a tidy sum. As the title says, however, this fortune could be used to change the world- institutional change. It’s the kind of money that could build high-speed internet infrastructure across the country. It’s the kind of money that could kick start a green revolution. It’s the kind of money that scares the tyrants of the status quo. Build a better world, apes, and that starts by HODLing past $1m, even past $10m. Be the change you want to see in the world. +follow up to the $25 medical debt collection post... In addition to the debt being outside of my state's 6 year statute of limitations, + +I called the billing department of the medical provider to understand the various lines on the original bill that the creditor sent in response to my debt verification letter. + +The representative in the billing department told me that the medical provider billing department has gotten a lot of these calls recently and it turns out that one of the debt collection agencies they use put a new system in place that has resulted in many debt collection letters for services provided in 2012, 2013, and 2014 going out. She also said that they've found out that letters are being sent for debts previously collected! +edit 22 jan 2019: +unbelievable impact map of issues related to HUD and the shutdown. +https://nlihc.org/issues/budget/shutdown-map?fbclid=IwAR0CemEt0jC8yAOIpf5bCpvgayIktWArUJgAFkjrxEyXaSDQi0pgT1RwQRs + +edit 22 jan 2019 to add NY times article +https://www.nytimes.com/2019/01/21/us/politics/government-shutdown-housing-services.html + + +Edited 18 Jan. 2019 to add: + +[PDF factsheet put out the 15th of Jan by The Campaign for Housing and Community Development Funding (CHCDF)](https://nlihc.org/sites/default/files/FY19_Shutdown_Factsheet.pdf) + +Uses words like *"dire consequences"* to describe what will happen if HUD remains unfunded. + +I found that PDF [here; 2-1-1](http://211.org/services/govshutdown) is a number anyone can call from anywhere to be directed to resources in their area. + +end edit. + +&#x200B; + +Section 8 and FHA and Public and Indian Housing all will be affected. + +[Chapa touches on this subject.](https://www.chapa.org/housing-news/federal-government-shutdown-reaches-day-18-and-over-1000-section-8-contracts-expire) + +[This is a PDF of the "contingency plan".](https://www.hud.gov/sites/documents/HUDCONTINGENCYPLANFINAL.PDF) + +Edit: dear lort I forgot to say: + +During the shutdown. ((sorry)) +So basically I don't have a car. I live roughly half an hour from the nearest place I could get any kind of employment. Me and my grandmother are living in a trailer. We don't have to pay rent, but she only gets $1200 a month from SS benefits. She has no credit and I have no income. We need a vehicle. ANY vehicle and I have no clue how to go about getting one. I've already tried to get a loan from the local credit union and to noones surprise, they wont do it without a cosigner. My parents are dead and I really don't want to die alone in the middle of the woods. Help. +Seeing a bunch of posts brag about buying the dip as a sale or how we're getting close to the bottom, I wanted to share my "veteran" experience about how this is definitely not the bottom of a long bear market. It was pretty similar then - people were making up stories about how the dip after early 2018 was going to be short-lived and cited Chinese New Year, banker bonuses, etc. People talked about how they were loading up their bags while it was a "fire sale" and how this opportunity would never come around again. I was also buying in a lot before I started to DCA. + +&#x200B; + +**The dip that never stopped dipping** + +As my bags got heavier, people stopped talking so much, and it soon felt like no one was posting at all. This was months after the suicide hotline was posted; it was months after people were done showing off loss porn. Following my plan to DCA became extremely painful; I was wondering if I was just throwing my money away. How could it possibly go lower? Was crypto totally over? It seemed like the big banks had won, and we were just bag holders (certain true for some shitcoins). + +&#x200B; + +**2018** + +At the bottom in 2018 when Ethereum was $86, I was still DCA-ing but got lazier about it. I didn't follow my investment plan as religiously as I did when it was in the $500s. At this point, I was only putting in lunch money, and I wondered if it was even worth it. Why put in money when Ethereum (I was an ETH maxi) was probably going to fall to it's prior sub$10 prices? Was crypto even worth anything? I' was honestly thinking the money would be better spent on a couple of beers. + +Fuck it, I threw in some beer money as well and figured it was like playing the Lotto. Put in a few bucks for fun and expect nothing back. + +&#x200B; + +**2020** + +The market came up from then, but I was still expecting it to go lower until it never did. ETH retested $300 a few times, but I thought crypto was pretty much over. It seemed like a pipe dream that crypto would ever hit its prior peaks. Just when it started to approach $300 in early 2020, COVID hit. + +Y'all know what that felt like. No one cared at first until we were all wondering if the world was ending. Markets were selling out of pantry food, toilet paper, and masks. No one gave a fuck about investing money into crypto; it seemed like the US economy was going to go belly up anyways. All assets were dropping. Again, to put in money, I felt like I should have saved it for the zombie apocalypse, but I figured everything was going down like TITAN and the Titanic, so fuck it. I put in some beer money and hoped that if we all made it out of this, I hoped that ETH would double or triple from the \~$110 dollar low. + +&#x200B; + +**Conclusions; tldr** + +So that is to say, while people are yapping and yelling, it's not rock bottom yet. The absolute bottom will come at a point when it's quiet, when everyone has moved on, and when it seemed like crypto was just a passing joke. To make clear my position, I believe DCA-ing is the way to go; all I'm saying is that we're not at the absolute bottom - don't dump everything in now thinking that this is the bottom. + +&#x200B; + +So that's my veteran experience, but don't ask me about how I did on the way up lol. I unloaded too much around ETH $300 and then at the 2018 high price. That's another experience I'm still learning about + +Disclaimer: This is not financial advice and is merely a perspective on the market +I've been investing seriously for about 5 years now. I've only ever gone LONG and typically am buy and hold either MFs, ETFs, and occasionally the single stock (bought ALK in March 2020 when it tanked, made great returns on that during the recovery). + +I'm interested in leveraged ETFs (SPXL, etc). I'm at a point now where I have some money I could risk losing and not go broke if I lost it (plus I'm in my 20s still). What's your experiences with leveraged ETFs? Especially if I plan to go balls out and go un-hedged. +A little backstory, my mother passed away in May from cancer and as my father decided that he needed to go down from two cars to one. He was excited to tell us that he financed a brand new Tuscon with every single warranty without us talking this through with him two months ago but he has since gone down hill drastically and is now in hospice care. + +My sister is his power of attorney and we are currently paying for the vehicle through his account as his pension is active as long as he lives. However once he passes things get a little more complicated. The bank will only let payments go through his account for 6 months and then we are not allowed to bill the estate. Once that ceases my sister will then be responsible for payments from my understanding. + +His payments are ~$560 per month plus $48 for a dealer only warranty. + +We are trying to clarify if we can sell the vehicle in the first six months via the lender. As well, we reached out to the dealership and they offered to buy it back with 7 k depreciation. Finally, our estate lawyer has suggested counting it as a debt and having the house pay it off but that will take some time and we would need to cover payments/take out a loan. + +So my question to you all, what is our best option? + +Tldr: my dad made a car salesmens month. +My employer has told me and the team that we need to carry on working (a few less hours than normal) whilst we are on furlough. I know from the gov website that this isn't legal. I'm worried that I and the rest of my colleagues will get into trouble for it and I'm not sure what to do. I don't want to be made redundant so I have been going along with what my employer wants for now. Can someone help? +(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/) + +&#x200B; + +Ok, you apes got me all riled up now after the positive reaction to my last post ([Ref Boys Club Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/)) so I've decided to keep digging. + +Let's start with Our New Super Villian Michael "Milky" Milken: + +&#x200B; + +https://preview.redd.it/7li64nzrk9571.png?width=220&format=png&auto=webp&s=1bcde810dc36c5dda25784896d52d37d983b9dcb + +Disclaimer: I'm Irish and have no real interest in American pol itics, so I know once I mention this shit's gonna get political, but lets try and not... + +We're all Apes, we're all here for the Stonk... not for Poli tics. + +So... TR UMP pardoned this guy on 18th Feb 2020. + +What struck me about this, was that he had 33 people lobbying Tr ump to get his Pardon. ([Ref New York Times](https://www.nytimes.com/2020/03/01/business/michael-milken-trump-pardon.html)) + +Now, when you click on the link to get the White Houses statement on who these 33 people are, it brings up a 404 error... The statement no longer exists! + +But luckily, this Ape has heard of the way back machine! + +So using the way back machine, we can get the 33 names. ([Ref Wayback Machine](https://web.archive.org/web/20200313203638/https://www.whitehouse.gov/briefings-statements/statement-press-secretary-regarding-executive-grants-clemency-2/)) + +* **Dr. Miriam Adelson -** Married to Sheldon Adelson +* **Sheldon Adelson -** Tru mps Largest Donor, Casino Tycoon, 28th Richest Person in the world +* **David Bahnsen -** Founder of the Bahnsen Group - Private Wealth Management Firm +* **Tom Barrack** \- Founder of REIT company Colony Capital +* **Maria Bartiromo -** Fox News Financial Journalist +* **Ron Burkle -** Founder of The Yucaipa Companies LLC a Private Investment Firm +* **Secretary of Transportation Elaine Chao -** Politician +* **William Ford -** Seriously? Yes, this is the executive chairman of Ford Motors +* **Josh Friedman -** Screenwriter. Wrote the Terminator Movies. Confirmed Simulation. +* **Rudy Guiliani -** Think we all know Rudy +* **Josh Harris -** Founder of Apollo Global Management - Investment Firm +* **Rabbi Marvin Hier -** Founder of the Simon Wiesenthal Center +* **Ray Irani** \- CEO of Occidental Petroleum +* **Robert Kraft -** CEO of The Kraft Company +* **Richard LeFrak -** CEO of LeFrak - One of the biggest landlords in New York +* **Randy Levine -** President of the New York Yankees +* **Howard Lorber -** CEO of Vector Group Ltd - A holding Company +* **Representative Kevin McCarthy** \- Congressman +* **Larry Mizel -** EC of MDC Holdings (+ Chairman of Simon Wiesenthal Center???) +* **Arte Moreno** \- Owner of Anaheim Angels +* **Rupert Murdoch -** Again... Seriously? +* **Sean Parker -** WTF? +* **John Paulson -** Oooh Hedgie #1 - Founded Paulson & Co. +* **Nelson Peltz -** Founder of Trian Fund Management - Investment Firm +* **Steven Roth -** Founder of Vornado Realty Trust - The Largest New York Landlord +* **David Rubenstein -** Yup. CEO of The Carlyle Group +* **Larry Ruvo -** VP of Southern Wine and Spirits of Nevada +* **Marc Stern** \- Chairman of the TCW Group - Asset Management Financial Institution. +* **Steven Tananbaum -** Hedgie #2 - Founder of GoldenTree Asset Management +* **Ted Virtue -** CEO of MidOcean (Prior CEO of DB Capital Partners with Oversight of Deutsche Bank) +* **Andrew von Eschenbach -** FDA Commissioner +* **Mark Weinberger** \- CEO of EY (Board of Directors at Metlife) +* **Gary Winnick -** Founder of Global Crossing + +So fuck me Apes... + +This guy has some friend list willing to go to bat for him right? + +Can't even count the amount of Billionaires up there and this is just the list of people issued in the official Whitehouse statement (That mysteriously no longer exists) + +**So... on with the connections.** + +Let's cross-reference our hedgies with our favorite stonk. + +John Paulson Hedgie #1 - Does not have a position in GME according to latest 13F. + +Neither does Hedgie #2, though he does have a small up of a million shares on AMC + +&#x200B; + +**How about our investment firms?** + +Josh Harris at Apollo Global Management decided in Q1 of 2021 that he would trade GME for the first time with a small put position of 150,000 Shares. ([Ref Holdings](https://whalewisdom.com/filer/apollo-management-holdings-l-p#tabholdings_tab_link)) - Similar Timing to Sessa Maybe? + +But other than that... not a whole load more to report. + +&#x200B; + +**How about connections to Kenny Himself?** + +Well there's a SHITLOAD of that... + +Here's just 1 article, referencing 6 of our 33 hitlist in addition to Kenny himself referencing donations to the Repu blican party. (Again... I'll try keep po litics out of this, but this is establishing connections) + +[Reference Forbes Article](https://www.forbes.com/sites/windriver/2021/05/07/open-source-brings-collective-creativity-to-the-intelligent-edge/?sh=7f6db7ab321a) + +(Can you spot all 6?) + +I'm not going to go through ALL of it as there is WAY too much, but it's safe to say... there are a lot of connections + +But here are a few examples to wet your confirmation bias... + +[Elaine Chao and Kenny hanging out at a Milken event with "The worlds most powerful thinkers"](https://www.reuters.com/article/cbusiness-us-milken-conference-trump-idCAKBN17Y26U-OCABS) + +[Kenny, David Rubenstein, Mark Weinberger, Steven Tananbaum all hanging out at the Milken Global Conference in 2017](https://milkeninstitute.org/events/global-conference-2017/speakers) + +[Kenny buys Rupert Murdochs ex Wife's House](https://www.chicagobusiness.com/residential-real-estate/what-will-billionaire-ken-griffin-build-his-huge-palm-beach-estate) + +(Can't make this shit up) + +\+ This Milken Institute seems to be central for a lot of these guys... + +ANYWAY.... + +\---------------------------------------------------------------------------------------------------------------------------------------------- + +On to the shit we care about. + +We've established that there's a Billionaires Boys Club and Kenny is Part of it. + +So let's take the Sessa and Apollo pattern and see if we can expand on it. + +What are we looking for? + +Companies that own Puts, that first reported ownership in Q1 2021 and that have not hedged. + +This gives us this list: + +**Taconic Capital Advisors:** 537,900 shares valued at $102 million + +**Hound Partners LLC:** 241,500 shares valued at $45.8 million + +**CMT Capital Markets Trading:** 241,500 shares valued at $45.8 million (Sounds familiar) + +**Millennium Management LLC:** 163,400 shares valued at $31 million + +**Apollo Management Holdings:** 150,000 shares valued at $28.5 million (We know who this is) + +**CSS LLC:** 71,000 Shares valued at $13.5 million + +**Jefferies Group LLC:** 48,000 shares valued at $9 million (Jefferies? WTF) + +**Ionic Capital Management:** 20,600 shares valued at $4million + +There's more... but that's enough for now. + +\--------------------------------------------------------------------------------------------------------------------------------- + +The second biggest NEW put position is **Taconic Capital** + +Founder of Taconic, is Frank Brosens. + +Frank Brosens was invited to speak at the Invest for Kids Event in Chicago... + +As was Kenny + +As was Milken + +Reference: [Invest for Kids Event Speakers list](https://investforkidschicago.org/past-speakers/) + +\--------------------------------------------------------------------------------------------------------------------------------- + +3rd biggest NEW position without a hedge falls to **Hound Partners** + +Couldn't dig up a lot here except this suspiciously convenient article about Kenny having a CURIOUSLY passive stake in TiVo along with Hound Partners, both in a stock that is "Not exactly widely followed" + +[https://www.institutionalinvestor.com/article/b150y1tj6mwz2w/citadels-curiously-passive-stake-in-tivo](https://www.institutionalinvestor.com/article/b150y1tj6mwz2w/citadels-curiously-passive-stake-in-tivo) + +On the OTHER HAND... + +(This shit gets crazy) + +Hound Partners was funded by a company called Tiger Management. + +Tiger Management was founded by Julian Robertson + +And... I really can't believe I am saying this but... + +Kenny's Ex-wife, Anne Dias, Managed Money for both Kenny and Julian Robertson!!!! + +WTF... THE ACTUAL FUCK + +Reference: [https://www.wsj.com/articles/female-hedge-fund-veteran-has-contemplated-a-comeback-11559122201](https://www.wsj.com/articles/female-hedge-fund-veteran-has-contemplated-a-comeback-11559122201) + +I don't subscribe to WSJ, so only reading the headline... LMFAO + +\--------------------------------------------------------------------------------------------------------------------------------- + +Next up to get knocked down... + +**Millenium Management Company** Run by Israel Englander + +Again... a suspiciously convenient example of Citadel and Millennium working in parallel with each other dumping FireEye Shares. + +Reference (Warning... this is a motley fool article. Proceed with Skeptisism. [Link)](https://www.fool.com/investing/2016/05/26/these-billionaires-just-dumped-more-than-1-million.aspx) + +&#x200B; + +And yet again... Milken Global Conference 2010 with Milken, Kenny and Englander + +[https://milkeninstitute.org/article/2010-milken-institute-global-conference-brings-world-leaders-los-angeles-foster-ideas](https://milkeninstitute.org/article/2010-milken-institute-global-conference-brings-world-leaders-los-angeles-foster-ideas) + +\--------------------------------------------------------------------------------------------------------------------------------- + +**Apollo** we already discussed. + +But another cross-referencing showed up this article that has Marc Rowan (Apollo Founder), Kenny AND Julian Robertson all donating to Mitt Romney + +[https://www.forbes.com/sites/briansolomon/2012/02/01/billionaires-private-equity-ceos-give-big-to-romney-super-pac/?sh=5a6b52443568](https://www.forbes.com/sites/briansolomon/2012/02/01/billionaires-private-equity-ceos-give-big-to-romney-super-pac/?sh=5a6b52443568) + +&#x200B; + +And more form the Apollo leadership team heading out to hang out with Milken and Kenny in 2015: [https://www.cnbc.com/2015/04/24/milken-time-wall-street-jets-west-for-davos-with-palm-trees.html](https://www.cnbc.com/2015/04/24/milken-time-wall-street-jets-west-for-davos-with-palm-trees.html) + +&#x200B; + +\--------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +**CSS LLC** was a much tougher nut to crack. + +Smaller company. Smaller position. + +Finra does have a check on them though ([Ref: LINK](https://brokercheck.finra.org/firm/summary/45980)) + +And it shows a single Director: Peter Anthony Ianello + +After doing some solid Googling, it turns out he goes by Peter Ianello and is actually the founder of a different company... OCA Ventures. + +I searched them for a 13F, but doesn't exist. (Ref: [https://whalewisdom.com/filer/oca-ventures-llc](https://whalewisdom.com/filer/oca-ventures-llc)) + +But they are out of Chicago and both Kenny and Peter made it to the Chicago 100 list: + +[http://tullman.blogspot.com/2014/06/who-made-list-techweek-chicago-reveals.html](http://tullman.blogspot.com/2014/06/who-made-list-techweek-chicago-reveals.html) + +A cross-reference with Milken shows that both guys are listed as business speakers for events... but that's meh... + +That's all I could get for this one... but I am even more suspicious of these smaller funds. + +\---------------------------------------------------------------------------------------------------------------------------------- + +**Ionic Capital Management** was a hard nut too + +Founders were not listed in Linkedin, but I found [an article](https://www.globalvolatilitysummit.com/sponsor/ionic/) listing 3 Co-Founders for the company: + +Bart Baum + +Adam Radosti + +Daniel Stone + +&#x200B; + +YET AGAIN... another article talking about Kenny and one of these companies making unusual plays. + +Here they talk about Citadel And Ionic (Specifically just these 2) being bullish on a company called Verb. -- ONLY 4 hedge funds in total were trading this company!!! + +Ken created the largest position and Ionic had the highest weighting. + +And weirdly... in the article... it says both companies had $0 million as their position. lol. WTF. + +Reference: [https://newsfortomorrow.com/index.php/2019/12/22/hedge-funds-have-never-been-this-bullish-on-verb-technology-company-inc-verb/](https://newsfortomorrow.com/index.php/2019/12/22/hedge-funds-have-never-been-this-bullish-on-verb-technology-company-inc-verb/) + +And here... Millenium, Citadel and Ionic all mentioned in a poorly timed position in LATAM Airlines + +[https://www.insidermonkey.com/blog/these-hedge-funds-couldnt-pick-a-worse-time-to-buy-latam-airlines-group-ltm-823467/](https://www.insidermonkey.com/blog/these-hedge-funds-couldnt-pick-a-worse-time-to-buy-latam-airlines-group-ltm-823467/) + +Another unusual trade in NASDAQ:AVCT mentioning Citadel, Ionic and Millenium... + +[https://www.insidermonkey.com/blog/these-hedge-funds-couldnt-pick-a-worse-time-to-buy-latam-airlines-group-ltm-823467/](https://www.insidermonkey.com/blog/these-hedge-funds-couldnt-pick-a-worse-time-to-buy-latam-airlines-group-ltm-823467/) + +Another unusual trade for NASDAQ:GSMG mentioning Citadel, Ionic and Millenium... + +[https://topnasdaq.com/is-gsmg-a-good-stock-to-buy-now/](https://topnasdaq.com/is-gsmg-a-good-stock-to-buy-now/) + +&#x200B; + +This list goes on... but I think you get the picture... + +Been writing and researching this for a good few hours now, so I hope you find some entertainment in it. + +I think the point is clear... and something we all knew all along. + +There is 100% a Billionaire's Boys Club... but it's still fun to connect some of the dots! + +Feel Free to add me on Twitter: + +[https://twitter.com/PaulAllenTweet](https://twitter.com/PaulAllenTweet) + +&#x200B; + +EDIT: Part 3 on the way... Let's get a little more solid in the connections this time. + +&#x200B; + +EDIT: Part 3: [https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires\_boys\_club\_part\_3\_the\_big\_boys\_i\_just/](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +&#x200B; + +**BIG FUCKING EDIT: ALL MARKET VALUES ARE AS PER 31ST MARCH 13F FILING DATES** + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I notice a lot of things and even majority of my portfolio are starting to sink, anyone got a good idea? I'm thinking covid but I'm still pretty new to this so I'm not sure what the right move right should be +Burger King and Popeyes have been hitting decent levels of growth, however Tim Hortons has been dragging Restaurant Brands down in the past months. With the announcement of the new loyalty program and Roll up the rim, I think it may be trading at a discount currently. Thoughts? +I’m a corporate junkie. I have real life stuff to do with deadlines that people are like, depending on I guess. + +I just can’t get in gear anymore to put together presentations and analyze data. I haven’t done anything productive for weeks. + +It’s a problem lol. + +I’m just daydreaming of quitting and giving millions to good causes. + +This MOASS, I sure hope it happens. +I make just over 30k after tax and I live at home with no debt or major monthly payments on my car. A had my own apartment but left after a year because I couldn’t save anything for school. Since coming home a few months ago, rentals in my area are already rising in prices again after already being unreasonable. I work a full time physical job over minimum wage, I should not have to live with my parent to survive. + +I get a special type of mad remembering my mothers two bedroom apartment is 750, because she’s held it for over 10 years… but the SAME unit, in this DIRTY, OLD building goes for 1950/month because they… wait for it… changed the counter tops. (AND started not accepting pets) +# Summary + +To prevent some problems we've seen around polls, all governance polls should be posted by a moderator account + +&#x200B; + +# Problem Statement + +1. We've been seeing some problems surrounding polls such as harassment of the author, ad hominem attacks on the author, and distractions by opponents such as "the author only wants this because they have X moons". None of this is relevant to the idea itself and only serves to derail discussion +2. Other users have voiced concerns that individual mods suggesting a proposal introduces bias, intimidation, coercion, or other negative influences. For the record, mods have no non-public information about polls such as how any users have voted. However, we still recognize that this feeling does exist. +3. Coordinating with users to finalize and post their polls by the deadline is some work and being able to post all the polls at the same time ourselves would allow for a more organized Moon Week + +# Solution + +All governance polls will be posted by a shared mod account, probably u/CryptoMods like this one is. These polls would be distinguished so they do not earn moons. This account should have little to no moons to distract users from the poll. This would allow a much smoother organization of moon week, with all polls being posted at once + +Note: This does not affect normal polls such as "What is your favorite crypto wallet?" + +&#x200B; + +There are a few potential downsides to this that I can think of: + +* The author of the poll does not get pinged with every reply, so they can't answer questions or defend their idea as easily +* The author does not get credit or moons for their proposal + +&#x200B; + +(This poll will be distinguished in a few days, but not immediately since that could give it more visibility and an unfair advantage over other polls) + +[View Poll](https://www.reddit.com/poll/pfxh47) +Bought a fixer home and doing a lot of renovations on it (40k+) and trying to figure out what’s the smartest way to pay for it. I have the liquid cash just pay for all of it upfront, but at the same time can use that for random emergencies. Any ideas? +Has anyone taken a sabbatical from work? What should I consider and how can I do it wisely? I’ve been burning out from work and not being able to spend enough time with my young kids. I send them to childcare from 8-6pm so that I can work and I feel like they’re growing up so quickly without me. + +I realize this is extremely privileged to consider, but I want to quit my job, travel with them for a year, homeschool/worldschool and enjoy what I’ve built up for myself and spend time with my kids while they still want to hang out with me. + +Here are some considerations: + +I live in a high cost of living area and own a $1.3M condo which I plan on selling since I don’t want to bother with renting it out and we hope to return to the US after and buy a bigger place. We would put our belongings into storage but we don’t have a lot of stuff anyway as we are minimalists. I don’t want to consider renting out our home; my neighbors are a pain in the butt already. + +Most of my money is not liquid right now. We had a financial investor for a while but he quit so now my partner manages our investments. + +I have a job with annual comp of $500-700k with about half of it being in equity. I get stock refreshes every year and if I quit I would be leaving all the equity, although I believe in my earning ability to be able to come back to a similar paying job. My employer covers a lot of our expenses and I can certainly stay in this job, but after two years in the pandemic, I want a mental break. 401K, ESPP, 100% paid health insurance for my family…these would all be things we would be missing out on if I were not employed full time. + +My partner makes significantly less. We also have a side business that can be done remotely and is mostly passive but the margins are slim. + +I have two young kids who are not yet school aged so childcare now is obscene. We pay so much to not spend time with them and that bothers me the most. We have a trust for them, we’ve invested into our retirements, but I can’t get over the fact that we won’t get to reap the rewards of our hustle lifestyle until the kids are older. + +I am a responsible adult and parent and also love to plan so I’ve forecasted this scenario with my financial advisor in the past who said this was totally doable and in line with my values of putting family first. + +I’m looking for advice for how to best set myself up to fund time off like this, what I should be planning a year in advance, and how to make sure our family wealth doesn’t take a huge hit when we come back after a year or so. + +This is a dream for me to get to be with my kids and enjoy life a little instead of waiting until retirement and my kids are moved out. +I need some advice. I'm in my late 30s and was diagnosed with Hodgkin's Lymphoma in January. I am now in remission with a 40% chance of relapse. Studies show that only 25% of Hodgkin's survivors live more than 30 years (around my retirement age). I've stopped working and am a stay at home mom. I'm thinking about withdrawing my 401k when my employment officially terminates. I was thinking about putting that money on my current house and refinancing with lower payment and interest rate. The calculators say I'll save $100,000 in interest with the large payment alone. My long term plan is to rent my current house then but another for our primary residence. Thoughts? + +More details.... + +$125,000 in my 401k. +20% equity on current home equivalent to $75k. +I'm not planning to return to work...retired. +Husband has $100k in retirement. His company matches 87.5% up to 8%. + +So my rollover retirement account is set up using the Boglehead method. And boy has it been tanking. Watching it drop 65,000 has been tough. I’m in my 50’s and have a little time before retirement but not that much. And this is the second huge drop I’ve gotten to watch in my lifetime. + +Anyone else currently having moments of panic or nausea watching this happen? (I know we all are) + +I’m leaving it sit, but is that smart? Is it time to get an advisor and change my strategy? + +I honestly believe the market will stay bad for awhile (a few years) +I’m confused weather to pay the minimum balance on my credit card or to pay full. Given minimum balance doesn’t have any interest associated, why not just pay that and get done with the cc payments? +Arriving here mid 30s with a very poor exchange rate and big difference in cost of living, I feel incredibly behind and as if I will never catch up. Australia is full of immigrants though, so I know people must make it work somehow: + +immigrants who arrived here later in life, have you managed to build up your super/ buy property? + +I don't know what I want from this post exactly, because the how obviously depends on your specific earning power etc - maybe just some hope that it can be done! Anyone? + +EDIT: thanks those who responded. I feel even more behind from most of your answers ha (single, and got here way later than most of you), but it's still nice to hear your stories and encouraging words, thanks for taking the time! I guess the only thing one can do is keep plugging away and try to focus on all the opportunities I DO have by coming here, and not what I don't have or things I can't change. +I've read through their documentation and this looks like some kind of locked down 401k alternate. I'm concerned and confused and waiting on additional information from the benefits folks. + +Does anyone have any tips or guidance? + +From HR: + +&nbsp; + +Each year, the company’s 401(k) plan must be tested to ensure it does not discriminate in favor of “highly compensated” associates. To help our plan pass the discrimination test, *Our company* limits the contributions of salaried associates with annual base salary earnings of $100,000 or more to 3%. Because your base salary earnings for 2015 are projected to be $100,000 or more, you will be considered a highly compensated associate for 2016, and your 401(k) contributions will be limited to 3% beginning January 1, 2016. + +&nbsp; + +The Supplemental Smart Savings Plan (SSSP) was designed to allow highly compensated associates to save beyond the limits of the 401(k) plan. You are eligible to begin deferring to the SSSP beginning January 1, 2016. + +&nbsp; + +You can defer up to 15% of your 2016 base pay, quarterly bonus compensation, and 2016 annual bonus compensation (payable in 2017) during the open enrollment period, which will run from November 2 through November 18, 2015. The attached “Plan Highlights” brochure provides additional information about the SSSP. + +&nbsp; + +Update: +&nbsp; +Thank you all for your feedback and advice. +Can someone explain the general strategy with leaps and the pros and cons of buying them ITM (~.80 delta or so) or OTM? What is the difference and when someone talks about LEAPS does it mean one over the other? I just bought $15 calls for TTCF EXP 1/22 and want to learn the difference in the strategies. +Maybe I'm just as smart as I think because I saw the foolishness back when I originally started to learn to trade. I kept using my basic education about correlation vs causation and came very quickly to the realization that 1. Financial News is a joke, and 2. Technical shapes are just people's minds mixing up causation and correlation. + +This is literally the headline today on my Google feed. "Dow Jones Sells Off On Powell Comments; Tech Stocks Lead Downside.". From investor.com. the dow's daily candle is literally red by 0.16% and Nas is -.08%. What clown shoes wrote this and then the editor said yea, we will go with that! + + "I feel like I'm taking crazy pills!" -Mugatu from Zoolander. +My boyfriend is about to start a new job, so we are going through all the paperwork. The firm is a registered investment advisor with the SEC. As such, they need to perform due diligence to ensure there is no insider trading going on (And perhaps other reasons, but this is the only one I am aware of). I understand the importance of this, and am on board with helping facilitate this process. However the Employer is requiring *me*, as his live-together girlfriend (not wife, not legal partner) to disclose all my financial holdings on a monthly basis. (Monthly statements sent directly to them.) I don't even get monthly statements myself! (I get quarterly statements). + +They say this is a requirement from the SEC. Is there somewhere I could go to read up on the details of this requirement? Would it not suffice to sign an agreement that I will not purchase or be involved with any securities that could cause conflict for them? + +I find this request invasive. Personal finances are, well, personal and this does not sit right with me. At the same time, my boyfriend is quite excited for this job, and I don't want to kick up a fuss and start his job off on the wrong foot. + +Neither of us are very financial people. I am inexperienced with this stuff. His role at the company will not a financial one. + +So I feel a bit out of my depth dealing with this. What does /r/personalfinance think? Am I being too protective or paranoid? Are they overreaching their bounds? + +Thanks! +Hey Guys, + +I was having a shower thought the other day. + +Would you rather work 4 days a week now and retire later or work 5 days a week and retire 20% earlier + +I realise the maths is not that straightforward with compounding etc but still want to know what you think. + +Would a four day week change your life enough to enjoy it more so it is worth it? + +Thanks +I am investing a little more (in ETFs) than usual whereas my friends have all but stopped buying due to the market dip. + +They tell me continuing to buy is stupid as the market isn't recovering anytime soon. I personally think this is the wrong approach given I am buying to hold for the next 10-20 years. + +How about you? What are you buying and are you buying more, less, or the same? +Another relative question: why having the same knowledge 2-3% traders make millions and other traders make only loss? + +George Soros made 1 billion a day using probability, +John Bollinger made billions using only bollinger band +Mark Minervini made billions, +Robert Prechter made billions using wave theory, +Alan Andrew made billions using pitchfork method, +Dan Zanger made world record using price action... +Steve Nilson used only Candlesticks to make millions... +And so on.. +BUT even after knowing all of the above method in detail there is very less person who can make it like them,, these loosers are only to make complain about the systems. + +Let me give a true piece of advice,, +just go with one thing/strategy/method, make a thousand trades and screenshot it (must be same reason for every trade) then record the trade result in a spreadsheet. +Who wanna be truly successful do it and then you will discover something. + +All the secrets lie within the trading psychology, Anyone can become profitable with any strategy and make millions, just by developing a strong trading psychology. + +By having a strong trading psychology anyone can make money with any strategy, Even with a strategy of 55% win ratio which can be easily achieved by even a trendline. +Thanks for the feed back I am not after trading advice as I have a consistent approach that works for me, just curious in general what others are aiming for as I am taking profit from 10-30 depending on the set up +Let's take a look at simulated trading results with a Monte Carlo analysis(from ForexSignals). This trader has a win rate of 50%, RR of 1.5, will risk 1%, has starting capital of $10,000, and trades three times a week(breakeven trades are 5%). This Monte Carlo simulation is over 48 months. What do his monthly results and equity curve look like? + +&#x200B; + +As you can see hitting 10% is not a frequent event for this profitable trader, and probably far less frequent for newer traders undertaking a funding challenge. If firms actually want profitable traders why place an artificially short time limit and high target for new traders in the first place making them increase risk in the amount staked and trade selection? It does look like failure by design is a large part of the business model for funding firms. + +&#x200B; + +&#x200B; + +https://preview.redd.it/di5ttwc6xf291.png?width=1567&format=png&auto=webp&s=5c1e63fd5a5ff2637c6f38e63266baaa92932af5 +So don't bash on me too hard but do try to explain to me in the most understandable way possible. + +I have a long term portfolio in stocks which I adjust occasionally to maximize profits. My main source of income and my full time job is scalping futures throughout the day. Specifically ES and CL. + +I don't use margin for my long term investments, only cash available to me. If I have $5000, I will only purchase $5000 worth of stock and not use margin. However, if I was to purchase let's say certain amount of shares for a total of $5000 and the stock went up 1%, I would make a $50 profit. If I used margin and borrowed let's say an additional $3,000, I could purchase $8,000 worth of stock total and if the stock went up 1%, I would actually make 1.6% of my cash account but still 1% of the total Cash + Margin. + +I just don't understand the leverage on Forex however and if it's at all the same. I don't understand for example on EURUSD the lots. 1000 is 0.10, 10,000 is 1, and 100,000 is $10. Please explain to me how let's say using leverage for scalp something like EURUSD would help me. I tried reading all over the place but maybe I'm too slow to understand the Forex world? Give me an actual example of how it would benefit someone if they had let's say $3000 to trade in cash. +My FIL got some TD AmeriTrade guy investing some of his money who was recommended by a a golf buddy (always a great sign) He told me he’s getting 8-9% returns on Bank of Montreal Bonds. He showed me the statements and I just can’t wrap my head around how he’s getting these. The broker told him they’re “low risk” but this isn’t adding up to me. I’m no investing guru but I manage my retirement accounts and know enough to keep me in decent shape. Are these super risky investments? + +Bank of Montreal Note M/W MTHLY CLBL INDEX LNKED 9.81% + +Citigrp global mkts hldgs inc Note M/W MTHLY CLBL INDEX LNKED 9.5% +That's actually ridiculous that's more than a 28x gain in 13 years. You put in $10,000 and in 13 years you have $280,000. Most investors probably won't have a 28x gain over the entirety of their life let alone 13 years. You would need almost 50 years in the market with 7% annualized gains to reach a 28x. Most of the highest performing funds don't even cross 20% annualized over 10 years and the ones that do are not managing billions of dollars. Don't forget that this $14 billion of 1990 dollars which are worth about $28 billion of today's dollars. +Employer is giving me health insurance valued at 1500 per annum. +Pricey surely. + +No underlying health conditions. Never been hospitalised. Never see the GP. Last saw a dentist 15 years ago. +I've been using clearscore to keep an eye on my credit score over the last couple of years and it's consistently been around the 450 mark (out of 700). +2 months ago I took out a mobile phone contract with Vodafone and all of a sudden my credit score has dropped to 200! +What can I do to sort this out? I'm planning on buying a house in the next few months should I be worried about not being able to get a mortgage? +I've had a look on comparison sites but I'm interested in personal opinions to support my choice. + +I currently have Amex Platinum Cashback which offers around 0.5%. I try to spend on it as much as possible but tbh the annual cashback never far outweighs the membership fee (£25). Especially this year with no travel etc. + +What I will say is their customer service is excellent. Every time I speak to them they are super helpful. + +Interested to hear others thoughts. + +Thanks +&#x200B; + +>Part 1: Understanding the players - DTCC, NSCC, Cede & Brokers. +> +>Part 2: What happens with the stock dividend distribution for GameStop's stock split? +> +>Part 3: For those questioning whether market participants short this stock can just borrow more to cover or counterfeit more shares to prevent the price appreciation and squeeze. +> +>Part 4: A look at Tesla's stock split as a comparable for GameStop. + +# Part 1: Understanding the players. + +**The Depository Trust and Clearing Corporation (DTCC)** is an American financial services company, owned by Banks and Brokers, that provides clearing and settlement services for the financial markets. + +T**he National Securities Clearing Corporation (NSCC)** is a subsidiary of the DTCC. The NSCC operates as a seller for every buyer, and buyer for every seller in the financial industry for trades that settle in U.S. markets. + +**The Continuous Net Settlement (CNS)** System is NSCC’s core netting, allotting and fail-control engine. It is an automated accounting system that centralizes settlement and maintains an orderly flow of security and money balances. Within CNS, each security is netted to one position per Member, with NSCC as its central counterparty. Within CNS, NSCC acts as the central counterparty for clearance and settlement for virtually all broker-to-broker equity, corporate and municipal bond and unit investment trust trading in the United States. + +CNS settles trades from the nation's major exchanges, markets and other sources and nets these transactions to one security position per Member per day. Cash dividends, stock dividends, bond interest, and mandatory corporate actions are automatically debited or credited to Members' CNS accounts with open fail positions. On settlement date, all trades due to settle are netted by issue to a *net long* (buy) or a *net short* (sell) position, + +**Cede and Company**, also known as "Cede and Co." or "Cede & Co." (shorthand for "certificate depository"), by Nasdaq definition, is the Nominee name for DTCC - a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock. Cede and Co is a specialist United States financial institution that processes transfers of stock certificates on behalf of the DTCC. Cede technically owns substantially all of the publicly issued stock in the United States. Thus, investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede. *\[*[*https://www.reddit.com/r/Superstonk/comments/mvvspq/cede\_co\_the\_secret\_trilliondollar\_company\_that/*](https://www.reddit.com/r/Superstonk/comments/mvvspq/cede_co_the_secret_trilliondollar_company_that/)*\]* + +**Brokers:** A prime brokerage (PB) is investment banks and other financial institutions that offer a bundled group of services to hedge funds and other large investment clients that need to be able to borrow securities or cash. A broker-dealer (BD) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals. + +A brokerage acts as a broker (or agent) when it executes orders on behalf of its clients, whereas it acts as a dealer, or principal when it trades for its own account. The services provided under prime brokering include securities lending, leveraged trade execution, and cash management, among other things. Prime brokerage services are provided by most of the largest financial services firms, including Goldman Sachs, UBS, and Morgan Stanley. + +&#x200B; + +# Part 2: What happens with the stock dividend distribution for GameStop's stock split?: + +When a company declares a stock dividend the information is generally provided to DTC by the security’s issuer (GameStop) or agent (ComputerShare) in the form of an event announcement. This information is then sent to all clients of DTC’s Corporate Action Service (Brokers). + +When it is time for the stock dividends to be allocated, all entitled holders at DTC are sent confirmations communicating information associated with the dividend event. The message can feed directly into a client’s system (eg. Brokers) so that they can pay their holders (eg. Non DRS Apes) and perform their reconciliation process as soon as their account at DTC has been funded. + +The DTC is the ultimate 'record keeper' of the legitimate shareholders brokers have registered as holding GME in street name with Cede and Co. When GameStop / Computershare sends the confirmation of issued shares, the DTC facilitates the distribution of these shares for record holders and manages the Broker reconciliation. All shareholders not short the stock are entitled to the GME share split stock dividends. + +DD supports GME is heavily shorted, as well as having significant counterfeit shares hidden through manipulative derivative strategies. Shareholders that bought these shorted and counterfeited shares *are legitimate owners* of the stock, and are entitled to the stock split share dividends. However GameStop will not issue enough stock dividends for these positions - and it is the Brokers that hold the ultimate obligation for the stock split share dividends for their eligible shareholder clients. At this time it remains unclear as to whether the DTC initially issues enough shares for all eligible nominee accounts to the Brokers and then *works behind the scenes for reconciliation with the brokers* \- or on the stock split distribution date, will some Brokers based on their net settlement balance receive an insufficient amount of shares / shortfall on the amount of shares required for distribution to their clients? + +Market participants who have borrowed and sold shares short are responsible for those additional/missing stock dividends, and will be on the hook to close their positions and make restitution to the Lender / Broker they borrowed from (in this circumstance this might be in cash or stock, but the end-game result is that at some point one of the participants actually needs to go to the market and actually purchase the shares to close the position). Same applies with bag holders from the sale of the counterfeit shares that are now held by clients in a Broker account. + + Addressing the Speculation: If the DTC does not allocate enough shares for the stock split to Brokers by the stock split distribution date, some of the more nefarious brokers will have over-extended themselves and due to lending / shorting GME may be in a position of being unable to procure enough shares for their eligible shareholders. In certain circumstances, some Brokers may have the option to payout in cash in lieu of stock on a declared dividend. However, clarification needs to be made on whether this option actually pertains to a stock splits or only to declared dividends and not stock split allocations (Will the DTC allocate enough shares for the stock split and later reconcile short positions direct with the Broker?). + +Note: *For Tesla, we have not seen any reference to shares not being delivered*, or cash in lieu of stock awarded. Tesla's squeeze happened over *several* months after the ex-dividend date, so I would assume the shares / shorts that were created from the legal shorts and counterfeits were being *reconciled behind the scenes* and closed during this period (or at least some of them). \[Remember, Tesla also had high short interest that declined without share price appreciation the year prior to their stock split, only to squeeze a year later with their stock split in the form of a stock dividend\]. + +IMO financially stable brokers would not want the reputational risk etcetera of not delivering shares. However, in a worse case scenario, if a shareholder is allocated cash in lieu of GME shares, the shareholder could then buy GME with the cash equivalent (with negative tax consequences to having received the share dividend). + + *Stock splits (in the form of stock dividends) are not the same thing as declared dividends. \[Please see my profile pinned post '**It's a stock split (in the form of a stock dividend) - not a declared dividend. Taking a look at what this means; Along with a look at charts from Overstock's digital dividend and the stock splits by form of a stock dividend for NVIDIA & TESLA**'\]:* + + Interactive Brokers (IB): To summarize, if by the record date of a dividend certain shares have not been delivered to IB, the Firm will be paid an amount of cash *t*hat is equivalent to the dividend amount \[note: this happens when shares are leant out and the borrower provides restitution in cash instead of returning the share\], but IB will not receive a qualified dividend payment directly from the issuer. In such cases, the Firm will receive payment in lieu (PIL) and will have no choice but to allocate such payment in lieu to customer accounts. The firm first allocates PIL to those accounts who hold the shares as collateral for a margin loan. If, after PIL is allocated to all shareholders whose accounts are not fully paid, any portion of PIL remains to be paid, it is allocated on a pro-rata basis to each remaining client account. [https://ibkr.info/article/2713](https://ibkr.info/article/2713) + +DTCC service guide – distributions: [*https://www.dtcc.com/\~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf*](https://www.dtcc.com/~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf) + + +# Part 3: For those questioning whether market participants short this stock can just borrow more to cover or counterfeit more shares to prevent the price appreciation and squeeze. + +&#x200B; + +>(i) Keep in mind the current reported SI, lack of $GME liquidity, high borrowing costs and margin requirements. +> +>(ii) Consider the amount of counterfeit or synthetic shares that DD supports exists and is hidden through manipulative derivative strategies. + +If the borrowed short positions and the counterfeit shares aren't covered prior to the ex-dividend date, GameStop will only issue a specific number of shares to the DTCC based on the split ratio to be distributed to shareholders. Assuming 7:1, they are issuing an additional 6 shares for every legitimate share owned. Multiply all of the legitimate shorts and more importantly the counterfeit shorts by a factor of 7. We are likely talking billions of shares that need to be procured overnight. + +We are already at 100% utilization of shares available to borrow by lender (at a significant cost to the shorts). The stock split does not increase this amount available on the already leant out shares. Where and how will the additional, potentially billions, of shares to borrow come from? + +GameStop's recent 10k shows the weighted averaged diluted Common Shares outstanding for GME at 72.6 million. Less: Institutional Unknown: 28,413,271 \[includes illiquid Mutual Funds & Pensions: 8,004,284, ETFs: 6,588,016\], Insider: 12,716,820, Shareholder DRS total: 8,900,000. This represents a remaining tradeable float of only approximately 22.5 million shares. \[Note this is a bit dated - pulled it from a prior post of mine\]. + +There just isn't enough shares in the system available to make this happen - too much volume to control. Plus consider the margin requirements to borrow this many shares. This stock will be under a microscope by apes and others, and the illegal creation of outright counterfeit shares in this volume would be traceable and well documented for court litigation - of which most prime brokers-dealers would outright avoid at the sake of (including but not limited to) reputational risk, potential jail terms and revocation/banning of future trading. There are simply too many shares to 'poof into existence'. Look at how the internalization of shares got away from them back in the Jan '21 'sneeze squeeze'. + +Plus, there is a high probability that the lower share cost after the split will result in some FOMO. Options will be cheaper to purchase and exercise, and at least some covering of shorts is probable. Market participants short the stock are just digging a deeper and deeper, more costly, hole to bury themselves in. + +I believe the Tesla stock split by form of stock dividend in August 2020 is a great comparison for GME. They had high short interest that miraculously declined without real appreciation of the stock price. After the share dividend, they squeezed - huge. GME has less outstanding shares, but less liquidity, and DD supports an extensively higher hidden SI. Apes have DRS their shares, and the liquid shares available to trade are miniscule. + +Plus, IMP, I am a firm believer that RC / Gamestop have a secondary plan to eradicate the shorts. It may take some time, but as a follow up to the stock split I think there is a high probability that some type of crypto / NFT unit|dividend|token / digital dividend / spin-off related to their Marketplace will happen. + +'Checkmate!' + +# Part 4: A look at Tesla's stock split (in the form of a stock dividend) as a comparable for GameStop. + +Short interest and borrowing fees on Tesla were considered high at a reported 7.10% SI to float and a 0.30% borrowing fee. Note GameStop's *reported* SI and borrowing fees are *extensively* higher. Current Ortex data shows GameStop reported short interest is at 22.21%. Cost to borrow 8.72%. + +[https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high](https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high) + +[https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/](https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/) + +&#x200B; + +[Tesla's 5:1 stock split in the form of a stock dividend. Announced August 11, 2020. Record date August 21, 2020. Ex-dividend date August 31, 2020.](https://preview.redd.it/k6vgsny1piu81.png?width=1003&format=png&auto=webp&s=c49b109e648eb997a21f255bca5cec39d5bb023a) + +Note, similar to GameStop, Tesla's short interest declined without share price appreciation the year prior to their stock split. After the dividend distribution, Tesla's shares squeezed over a period of several months. GME has less outstanding shares, but less liquidity, higher borrowing rates, higher margin requirements, and as DD supports - an extensively higher hidden short interest. + +Tesla's reported short interest hit a May 2019 high of *only 43.66 million* shares shorted. GameStop had reported short interest of *over* *200 million* by FINRA report - [309.43% SI in October 202](https://www.reddit.com/r/Superstonk/comments/u2ylh7/never_forget_gamestops_short_interest_in_october/i4q9ep7/?context=3)0 and 220%+ during January 2021 'sneeze squeeze' (court docs). + +[Share price reflected is after Tesla's 5:1 stock split. Multiply shares owned by 5 and then watch the price appreciation. Zoomed-in to December 2020 - it kept running after this.](https://preview.redd.it/1hl1gv25piu81.png?width=514&format=png&auto=webp&s=5ad7face6b410bc66e5200ce5d9b9f29a36a7783) + +&#x200B; + +# Bonus: These posts tie in nicely to this information: + +[*https://www.reddit.com/r/Superstonk/comments/u1j1gd/its\_a\_stock\_split\_in\_the\_form\_of\_a\_stock\_dividend/*](https://www.reddit.com/r/Superstonk/comments/u1j1gd/its_a_stock_split_in_the_form_of_a_stock_dividend/) + +[*https://www.reddit.com/r/Superstonk/comments/u6ota1/gamestop\_moass\_drs\_intensifies\_the\_squeeze/*](https://www.reddit.com/r/Superstonk/comments/u6ota1/gamestop_moass_drs_intensifies_the_squeeze/) + +&#x200B; + +Buy, Hold, DRS, Hodl, 'Share the Story' & Vote! + +>To the moon fellow apes! + +&#x200B; + + DISCLOSURE: * Information contained in this post has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to its accuracy, completeness or correctness. All opinions and estimates contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this email or the information contained herein. * + +Opinion only. Never Advice. +I currently have a mortgage of £130k at 1.29% with Nationwide. When the deal ends around the middle of next year then I will probably agree to a 10 year fixed at 5.09%, looking at the current rates. + +Obviously when I push the button on this the monthly payments are going to be set depending on the mortgage capital left at the time I apply. + +I can probably afford to make about £8k in overpayments, cash flowing £2k each month in the four months running up to reverting to the SMR. + +Normally I would apply for a remortgage 3 months before the end of the fixed term, but given the overpayments and bringing down the mortgage by £2k each month, is it a better idea to wait until the fixed deal has actually ended and I'm on the SMR of 5.74%, before I fix again? So that the bank takes all of the overpaying into consideration to set the payments for the next decade. + +Or should I just apply for the new deal as soon as I am able to, as normal? +All the instructions are here : [https://www.reddit.com/r/Superstonk/comments/n625d4/how\_to\_vote\_with\_degiro/?utm\_source=reddit&utm\_medium=usertext&context=3&utm\_name=Superstonk&utm\_content=t1\_gzk14de](https://www.reddit.com/r/Superstonk/comments/n625d4/how_to_vote_with_degiro/?utm_source=reddit&utm_medium=usertext&context=3&utm_name=Superstonk&utm_content=t1_gzk14de) + +Since there is less than 24 hours left, I'd suggest you skip steps 1 & 2 and go directly to step 3. +GameStop Corp. is launching a division to develop a marketplace for nonfungible tokens and establish coin partnerships, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business. + +The retailer has hired more than 20 people to run the unit, which is building an online hub for buying, selling and trading NFTs of virtual videogame goods such as avatar outfits and weapons, according to the people. The company is asking select game developers and publishers to list NFTs on its marketplace when it launches later this year, the people said. + +GameStop also is close to signing partnerships with two coin companies to share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects, the people said. The retailer expects to enter into similar agreements with a dozen or more coin companies and invest tens of millions of dollars in them this year, the people said. + +Grapevine, Texas-based GameStop has been working to reset its business after years of losses. The company was at the center of a stock-trading frenzy last year that dramatically boosted its share price, which rode a surge in interest and optimism from individual investors. Many saw potential in GameStop despite the pandemic’s negative impact on foot traffic and even though consumers have been increasingly opting to download and stream games over the internet, rather than buy the kind of hard copies that the company specializes in selling. + +Last year, GameStop overhauled its executive team and board of directors, naming activist investor Ryan Cohen as chairman. Mr. Cohen, who co-founded online pet-products retailer Chewy Inc. and sold it for $3.35 billion in 2017, has been pushing to make GameStop more tech-centric. + +Edit- Have seen comments on this news being a smokescreen as a cover for shorts' FTD cycle covering, which indeed make sense and I don't disagree with them. +Title says it all really. + +Started saving recently as we're now in a position to put quite a lot away each month. + +Uncertainty around covid has made all mortgages pretty much available at 15% deposit or even higher. + +We're hoping that we can just focus on saving 5-10% in the hope that things calm down a bit next year and by the time we have that saved more favourable mortgages return to the market. + +Is this a reasonable outlook or are we going to have to get used to the idea of saving double that? Feels like with high deposit mortgages and the help to buy being capped really low next year its next to impossible for first time buyers even ona decent income to get on the ladder. +Sorry it's a rant, just had to get this off my chest. + +While I was at work yesterday someone went into my bag and stole £65 from my purse. I'm really hurting from it, they left my purse, left my cards, even left the change, just took my notes. + +I never usually carry cash on me, but the day before I sold what few of my belongings I could part with in order to pay for a part time college course in my home town. I'm in a minimum wage job, I'm an independent, and it takes so much for me to have that kind of money spare. + +My work can't do anything about it, as a senior supervisor left the breakroom door open, which is against policy and how the money got taken in the first place. I've phoned the non-emergency police but they can't really do anything for such a small amount of money. I'm absolutely devastated, it like everytime I manage to get some decent amount of money something happens, the last time it was part of my ceiling caving in and destroying a load of my stuff. It just seems hopeless. + +Edit : The generosity of the internet is a little overwhelming, however I'm going to follow the advice I've been given here and and get into contact with the higher ups in my company and see if I can recoup my losses that way seeing as it was the fault of another employee. I wouldn't feel right taking from others, especially those that may be struggling as much, if not more than me. Thank you everyone, it really means a lot to me that people care enough to offer. You guys are awesome +There have been plenty of great threads explaining what to do after the squeeze has squozen. One of the points is to seek legal advice. I’ve been seeing lots of questions asking what kind of lawyer to look for etc, so here’s my contribution: an overview of how to get your legal affairs in order. + +Obligatory: This aims to give you a general idea of where to start. This is not legal advice and I am not your lawyer; I'm just a bunch of pixels on your screen. Everyone’s situation is different, the legal jurisdictions span the globe, and the only person who can advise you is your own personal attorney. + +That being said, here’s your quick and dirty guide to getting your legal affairs in order. Some of this applies regardless of whether you have money or not btw. + +In no particular order: + +**1. Don't tell anyone** + +Seriously, other than your partner (cause let's face it, an omission like that might not do your relationship much good), don't tell anyone. Let things settle, come up with a plan, and if there's a reason to tell anyone anything, you can figure out to what extent to do so. Vague, oh, yeah, got lucky and managed to pay off the house/car/whatever, goes a long way. + +**2. Do you have a will?** + +If not, do so now. It doesn’t have to be complicated. Find out what the bare-bone requirements for writing a will are in your jurisdiction and do that right away. Is a hand-written will sufficient? Write one. Need a witness? Find one. You need to do your own research here. + +The will doesn’t have to be complicated for now, that can come later. Right now, you want to make sure that if you get hit by a bus en route to buying a lambo, your loved ones are taken care of. Leave everything (or a little something) to your family, your friends, your local animal shelter, the red cross, your pet gorilla if that peels your banana, but MAKE A WILL. + +**3. Is your money protected in the short term?** + +This varies hugely by country but check how much money in your account is insured should the bank go bankrupt (and if we assure that there is going to be a crash, this is a very real possibility). In the EU, 100,000 euro is insured per ~~account, I believe~~ customer per bank. This means anything over 100,000 would disappear if the bank went bust. So it may be worth considering spreading your money about until you come up with a long-term plan. + +[More info here.](https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/deposit-guarantee-schemes_en) + +**4.** **Find a lawyer** + +You’ll need legal advice. When you call up saying you’ve come into a substantial sum of money, you’ll probably get a free initial consultation where you can discuss with the lawyer(s) the general situation and they can point you in the right direction of what questions you need to consider (making another will, setting up a trust, setting up a charity, protecting your business, managing your money, etc.). Depending on the firm, they may offer financial advice, if not, you need to find a financial advisor (we’ll get to that in a bit). + +When you go to find a lawyer, you’re looking for a boutique, mid-size or large firm. They will have lawyers specializing in different areas and can offer a full-service package to cover all your needs. Don’t go to a solo-practitioner, because they are often highly specialized in only one area and that’s not what you’re looking for (shout out to all solo-practitioners out there, ya’ll are awesome). + +The areas of law you need to be looking for are tax law, asset management, private wealth, inheritance, trusts, etc. You may have to call around a bit because not all firms deal with private clients, only businesses. + +**5. Do you currently own your own business/are you self-employed?** + +You need to be making sure to protect your assets from claims against your business. If you’re self-employed, you are generally liable with your full personal capital, so you need to find the best way to structure your assets. Talk to your lawyer about this. + +**6. Find a financial advisor** + +This is for the longer term. You need to figure out what to do with all those tendies. Does it make sense to set up a trust fund for your kids? How can you protect your assets best? How can you make sure you are correctly paying taxes? Apes don’t avoid taxes, unlike Wall Streeters. When you look for a financial advisor, make sure they are fee-based, be it for a flat rate or an hourly rate. Do NOT go to a financial advisor who works on commission, they will recommend what is best for them not for you. It’s also never a bad idea to get a second opinion. You can afford it. + +Addendum from the comments: And make sure he/she is a “fiduciary”. There are a lot of “financial advisors” out there that have never managed large accounts or sell whole life insurance products. A “Fiduciary” is legally bound to make financial decisions on your behalf and to protect you from bad decisions. They manage your risk and act in your best interest over their own. + +**7. Don't forget to put money aside for taxes** + +You need to research how this works where you are. If your broker doesn't automatically deduct the taxes, you need to figure out how much you owe and PUT THAT MONEY ASIDE. I cannot stress this enough. If tax authorities around the world have one thing in common is that they WILL come after you for taxes owed. + +For the US and Canada, one of our wrinkle-brained brethren made: [https://taxmytendies.com/](https://taxmytendies.com/) + +**8. Let’s talk about your relationship** + +Hopefully, you’re all in happy, healthy relationships with your wives and their boyfriends. If not, if these tendies are a way out of a bad relationship, speak to a lawyer for family law, and do so sooner rather than later. These situations are complicated, and you need to protect yourself as much as possible. Look into making a separate bank account in your name and put your tendies in there. First and foremost, make sure you are SAFE. As an aside, if you are in a bad situation, regardless of your financial situation, there are shelters, etc. out there to help you. + +**9. “Hurry up and moon so I can quit my job”** + +Don’t quit your job. Hear me out. Make sure you have all your bananas in a row before doing anything rash. If you suddenly have a huge amount of money in your account, that’s going to make you want to do crazy things. But it’s important to keep calm, take a breath, and make rational decisions. + +Americans - is your health insurance sorted? Especially if you have pre-existing conditions and/or other people on your insurance. Make sure you have access to health care. + +Are you working in a job you hate where people quit all the time at short notice? Once you have everything in order, go for it. You don’t need to be miserable a minute longer than necessary. + +Are you in a job you like and may consider working in that field again, perhaps after a hiatus? Don’t burn bridges. Find a way to leave so that any employer you may choose to work with in future will hear good things about you in a references check. + +Are you self-employed? Wrap things up as best you can before quitting. Don’t leave clients in the lurch, that would be an asshole move. + +**10. Be awesome** + +Thanks for reading, I hope this helps clarify a few things a little. I'll try and answer any more questions you have. Please remember, this may be life-changing for some, but for others out there, this could be life-changing in a disastrous way. A lot of people will be hurting. + +Go forth, have fun, be kind, be humble and be BETTER THAN 'THEM'. + +&#x200B; + +Edit: to add from comments. + +Sorry if it's the wrong flair, other checklists had the DD flair, so that's what I went with. + +Thanks for silver and gold, kind apes! + +Edit 2: Addenda from the comments: + +1. Fi:Re; Visit the subreddit: [https://www.reddit.com/r/financialindependence/](https://www.reddit.com/r/financialindependence/) . I believe in stealth wealth. And even if you get really rich, you still should be mindful about spending and setting up a plan where you do not have to work again (should you choose to). +2. Wealth Services. [https://www.vistra.com/advisory-transaction-support/wealth](https://www.vistra.com/advisory-transaction-support/wealth) . As a disclaimer, one part of me is surprised that these guys didn't get into a Panama Papers like scandal yet given the space that they are in. BUT their website highlights things you should think about (e.g. family business, wealth succession, family governance, philanthropy, investments & transactions, liquidity planning, residence/citizenships) +3. Insurance - umbrella, up car limits, liability insurance etc +Let's say I sell stocks and want to transfer funds to a saving account at the local bank. Would it raise any alarms if I transfer 5k, 10k, 20k, etc? I'm fairly new to investing, but curious how this is handled. +Hey all, + +I'm currently crunching some numbers to determine what the cost are for one baby. I've broken it down into two categories. Upfront costs that will occur before or as soon as the baby is born. And the ongoing costs for the first two years of raising a baby, assuming no childcare is needed. + + I'd love to get some input on what everyone thinks of my costs as well as any additional ones you think I've missed, cheers. + +Upfront: +Pram: $500 +Booster seat: $200 +Bedding/cot: $1,000 +Change table : $300 +Baby Monitor: $250 +Breast feeding equip: $300 +Clothes: $400 +High chair: $200 +Kids cuttlery: $300 +Baby nath: $80 +Baby proofing: $50 +TOTAL: $4080 + +On Going Weekly Costs: +Diapers: $30 +Food: $85 +TOTAL: $115 +I need some advice. I'm considering to put my money into some worthwhile high growth ETFs, and everyone seems to be talking about ARK. + +I am 22, so I have room to make mistakes and grow, so initially, I looked at the CCP, and thought XEQT would be ideal for growth since it was 100% equity 0% bonds. However, some people have told me to look for more high risk ETFs, like TEC or ARK. Would it be stupid to go all in on ARK, or should I have at least 30% in XEQT and 70% TEC/ARK? +Hello and good day, I have a wealthsimple account RRSP and TFSA, I get paid on a weekly basis, I am wondering if it makes more sense to invest weekly on pay day or just save the same amount and invest monthly, I'm currectly contributing $300/week - TFSA and $200/week - RRSP. With wealthsimple since I don't get charged everytime I contribute does it really make that much of a difference? The fees are monthly regardless. + +TIA +I have 3 properties. Number 1, I live in loan balance 490K 3% interest rate 30 years, monthly payment $2600, roommates pay $2000. Number 2, rental, loan balance 380K 4.25% 30 years, monthly payment $2300, rental income $2600. Number 3, rental, loan balance 48K 3.88% 30 years, monthly payment $1300, rental income $2000. Estimate value 700K, 550K, & 500K. I earn a little over 100K W-2. I should be able to make about 135K in a few years. I have a couple years in reserves. Am I too leveraged? +I am in my mid 20s and have 10k in the bank with a stable job. I am able to put back 1750 a month and no debt. My credit is pretty good and I have spent the last few months really wrapping my head around real estate investing (tired of paying rent). My resources are mostly bigger pockets podcasts and the bigger youtube channels. + +I reached out to a contractor friend of my parents and offered to work for free for a few weeks about 10hrs per week simply to learn more about how to estimate costs and get a feel for renovations. I have read I need a contractor who is licensed and bonded to do the bigger repairs, but I figured I could do the cosmetic side of things. + +From what I have gathered my best option will be an FHA 203k loan so I can cover repair costs while still having a cushion in the bank for emergencies. I am also aware I need to live in one unit for a year. Then I plan on saving another year and going with the BRRR strategy. Other than finding a deal that makes sense and will cash flow, does this sound like the right strategy for me? What advice would you give to someone in this position? + + + + +I see a lot of success stories in this sub, but not a lot of talk about losses. Can anyone share some of their worst losses in real estate? I’m pretty sure I’m about to be in a situation where I come out in the red about 3-5k and it would honestly make me feel better to know I’m not alone cuz to be honest it’s making me extremely anxious just thinking about it. And it’s not that I can’t necessarily afford to lose that amount, I just hate thinking that I did it to myself because of a bad decision. +Hello all — + +Closer and closer I am getting to obtaining my first investment property and we are now in to the above type of items. + +What is the best way to collect rent from a tenant that provides traceability, limits exposure, and is convenient for both parties? + +Does this exist? + +Pros and cons for what you use? + +Just looking for some veteran insight….Thank you! + +Edit: spelling +Howdy, + +&#x200B; + +Sort of a rant. I 'm in the Las Vegas area. There are 3 major flipping companies buying homes cash at a discounted rate when sellers need to get out quickly. They usually snag those, flip them up and resell them a couple of months later with a nice margin - classic flipping strategy, no problem there. + +&#x200B; + +My rant is about the unpermitted work that happens. Those guys are sometimes opening up walls, removing drywall with asbestos in it, moving / adding power to part of the house. It's so obvious they are doing it without permits as there is no way they would turn a profit (asbestos removal for homes in that area is 15k, pulling permits is another 2.5k, and if you have to do a proper survey of the house for structural, water and electrical you can add another 10k). + +&#x200B; + +So here I am trying to make deals work by doing things the right way with an overhead of 15-20k to get everything permitted, and those guys come in much lower and just get it done like it's the Wild west and there are no rules. I've visited at least 30 of those flipped homes available on the MLS, and not a single one shows permits pulled on the county website. + +&#x200B; + +Is this pretty common in your area? What can I do to fight this? +I've always had a very low income due to a variety of issues, and every time I had a little bit of savings I had to throw them at emergencies. As a consequence I have very little, almost nothing for retirement. There's a possibility that my situation could improve in the near future (I'm working hard on that), what should I do to save for retirement if/when my income increases? I read about IRA and things like that but I'm not sure how it all works. Right now my savings are about $2500 thanks to the stimulus checks. +“The economy is strong”… no it isn’t, your money printer is strong. Someone asked “what do you plan to do about the rising inflation for individuals dealing with prices everyday?” He goes “I’m old enough to know about high inflation and we will fix it”. He should have said, “Well I don’t have that problem of worrying about the price of things because I make a lot of money, So I don’t give a fuck!”. Fuck this guy, our economy is full of shit. HODL UNTIL THIS SHIT GETS FIXED🚀 +Anyone else betting big on the Model 3? I (M/30) currently have about $175k in my 401k brokerage account that I just freed up and am going to go all in on TSLA. I'm also buying 240, 245, and 250 April 8 calls totaling another $25k. This represents about 90% of my retirement savings and about 50% of my cash on hand right now. + +What do you guys think? Did I make a bad move? + +Edit: Alright, you convinced me about the options portion being a bad move. I ended up putting in sell orders at the prices I needed for 50% profit and they all filled by the end of the day. I left some money on the able with the 240's and 250's though... + +Edit 2: Those options would now be up 156% for a $38k profit. + +Edit 3: http://i.imgur.com/UK4B0st.jpg + + +I usually trade sell Put Spreads with 30-45 DTE and close my trades with 50% profit and 100 % loss of max profit. Read somewhere that choosing wider strike prices will hit the 50% aim faster. I am aware that we should capture at least 1/3 of the strike as a credit for better P&L purposes but the wider the spread, the less the credit. How do you guys pick the ideal spread? Also some of the trades that I open start with a 20% loss from the start. Is this because my strikes are too narrow? Thanks +Do you ever get the feeling that no matter what you do, the market will always move against you? Case in point: My short July 15 FDX 230P. I sold it at 2.68 to hedge my short shares. I didn't want to carry the naked call into the weekend, and had an order at the Open to Cover at 6.75. It didn't fill. So with Friday being the day before a long holiday weekend, the volume is usually light, and stocks tend to stay the course, if down, then they usually stay down because there isn't enough volumne in the afternoon to shift the demand. So we hit 11am FDX was heading lower, I didn't want to catch worse beating so I covered the Call at 11.50 with the stock around 218. Then 20 minutes later stock took a reversal and traded up the remainder of the day to close at 223. The option closed at 7.95ish. I sometimes think as each of us trade on our platform, Think or Swim, Power Etrade, whatever..that all our screens show different information to skew our judgement and decisions based on the positions we hold. Then they all sync up by the end of the day... + +edit, i corrected the 230C to 230P. I should have corrected this after the first person pointed it out, but I tried to reach out individually to those that referenced my typing error in their reply to apologize for the time you wasted in addressing my error. I never considered I've receive so many comments. Thanks again for your advice. +People seem to be aiming for 1-2% per week, but how often does that happen? The upside seems really good with this method and the risk isn't higher than just owning stocks outright. Why isn't this method more popular? Is it because everyone wants to get rich quickly or are there downsides I am missing? +I mostly sell CSP & naked (margin) puts, then wheel if assigned. Have been watching BBBY run up like crazy. once I saw WSB talk mirror GME keywords, I decided we're close to the end of the pump. + +#1 8/17 9:31AM: Sold 10X 8/19 $45 Calls (Naked) for $2500 (YOLO). +#2 Panicked a bit (this was my mistake) as it kept going up. +#3 8/17 9:33AM: Sold 10X 8/19 $20 Puts for $1333 (OUCH). +#4 Looks like I'm gonna get assigned, puts are killing me. Decide to sell more $45 Calls for next week: +#5 8/18 9:33AM: Sold 10X 8/26 $45 Calls for $1070 +#6 8/18 3:36PM: Sold 10X 8/26 $45 Calls for $620 + + +Looking at the AH, looks like I'm going to be assigned 1,000 shares @ $20. So ~$10K loss on that put, but all together I sold about $5,500 of options, so my cost basis is $14.5. + + +Depending on action tomorrow, I'm planning on selling weekly $14/$15 calls and hoping they get called away sooner or later. + + +Also I had TERRIBLE sleep yesterday, literally had a nightmare where BBBY tanked and people were making fun of me for my trades.. Not worth it, but a learning experience. +Would love to hear any words of advice from the veteran wheelers out there who’ve had success with the strategy and sticking to it throughout. Is it common for risk profiles to change? Moving away from individual high IV stocks, to high IV ETFs like TQQQ, then ultimately are wheeling spy/russell? Thanks in advance. +I think common sense is telling me that it would trigger a decline in housing prices. In Southern California, I care less about the rates being low because it's caused people to borrow so much and drive up housing prices. This hurts people like me who have been saving for over 10 years (investing in equities mostly) to try to borrow as little as possible. It's been frustrating for me because (selfishly) I'd rather the housing prices go lower and loan rates go up. + +Do you think a rise in rates would cause this to be the case? Or would prices remain flat or go up due to things like inventory issues? +I'm one of the unlucky (or lucky) engineers that got laid off from Twitter. They haven't even told us yet, but woke up to find my mail client promoting for a password. If anyone has been through this before, especially at a tech company, would love to hear advice on how to handle the process ahead of me. + + +&nbsp; + +EDIT: Thanks for all the replies. I'll be responding to messages as I can. An incredible amount of support. +## The Conference on the Future of Europe has started! EU citizens can now officially propose ideas and voice their opinions on regulations, including on cryptocurrency and blockchain. + +#### What is the Conference on the Future of Europe? + +The Conference on the Future of Europe is a unique and timely opportunity for European citizens to debate on Europe’s challenges and priorities. No matter where you are from or what you do, this is the place to think about what future you want for the European Union. + +The European Parliament, the Council and the European Commission have committed to listen to Europeans and to follow up, within their sphere of competences, on the recommendations made. + +European citizens, from all walks of life and corners of the Union, with young people playing a central role in shaping the future of the European project. + +#### How to propose ideas? + +You can **propose** ideas, **discuss** ideas and **support** ideas on the online platform (in our case: ideas about cryptocurrency and blockchain): [https://futureu.europa.eu/](https://futureu.europa.eu/) + +**If you start a discussion on cryptocurrency or blockchain, post it here:** + +* Digital Transformation Category: [https://futureu.europa.eu/processes/Digital](https://futureu.europa.eu/processes/Digital) +* A Stronger Economy, Social Justice and Jobs Category: [https://futureu.europa.eu/processes/Economy](https://futureu.europa.eu/processes/Economy) + +*You can post ideas yourself or support ideas being posted by other EU citizens.* + +We, as a community, must come together to discuss and push for cryptocurrency and blockchain friendly ideas and regulations. This is a unique opportunity for us all. Since the Conference on the Future of Europe has just started (no one has mentioned cryptocurrency yet) we can set the agenda for the coming months. We would be the first community to get involved. **Our ideas will be heard by the European Parliament, the Council and the European Commission if they gather enough support.** + +I am calling upon the community, developers, mods and crypto projects to get involved and spread the word. +Hi! So. Yeah. I found out my grandparents put me on the title and I'm set to inherit it when they find their ancestors, so to speak. Thats in roughly 20ish years, but because apparently this is a HUGE deal because its a very old apartment in a very envied area. Should I know anything beforehand, like if I'll need a property manager or any of that? + +My idea is to just rent it. But I don't know if I can do that since I might own it. And yes,I've been told we literally own it, and nd my understanding is that they just pay the property tax and upkeep (utilities). What should I know before I tackle this, 'cuz I know that it'll fall into my hands a little earlier than expected as one may get severe dementia and the other is doing his own thing. He recently sold his super expensive apartment (near inwood park, overlooking the river, bridge, etc) and is going to live off that till he skids into his grave out of breath. + +I'm asking nOW in case there are things to keep in mind. I won't be doing anything with this information (as I need to focus on graduating) and so around my 30/40s is when I'll seriously look into what I should do. The problem is that I do not want to *ever* live in new york because I have *done it before* and it was a bad experience all around. It'll continue to be a bad experience if I decide to go back, so I'm not sure I can be an away landlord. IF i decide to rent, I'll hire all the folks needed to where I could be like a silent party (if possible). IF i sell, I'll just be paying debts the family has (that would follow me) and then reinvest whats left. + +Please understand this is a little overwhelming because I just found out, and my years definitely show. + +EDIT: I don't live in new york and I don't plan on living there again. Did it before, just wasn't for me. + +Second Edit: Lots of assumptions that I'm a spoiled rich kid. I moved far away from toxic family and I live on very little (think ~500/mo). I see this as a burden because of family history on my mom's side. Forgive me, as I've come across as this bitchy, entitled girl. I would've rather lived my life with little contact from that side of the family as possible and not be tied to them financially, as one family member already allegedly mucked up my credit before I was even 18. Heck, there's been murmers I'd be married soon. As a gal I didn't really have a chance to do what I wanted had I stayed. And finally, I should clarify. Extended family and my mom are poor (~40,000/year or less in expensive areas). My dad has no part in this, and he's doing well for himself, but mom and pop have divorced and pop is taking care of his daughter and his wife. Specifically, I'm dealing with my rich grandparents but everyone else has no lawyers or whatnot. + +Final edit: I got tons of good advice! Mostly to chill out and to quit being a pessimist about inherting possibly a good thing- just have to go through the muck for a while. So What i'm gonna do is just wait a couple years (Graduate college) and then get specific information about everything about the apartment. From there, I speak to a lawer and then possible a real estate agent. If my aunt continues to live there, I'll tell her I'll assume responsibilities for the place (say around 27/28) if she wants to so that she can focus on her family since I am currently a childless lady. I'll not live in it ever, and my grandmother may want to be in it 6mos out of the year, but I can still sublease at least one bedroom or whatnot. I'll cross that bridge when I get it. thanks a lot r/pf! + +Thanks! +I know this might sound cold and calculated but im single and in my mid twenties and I've been thinking alot about this recently - especially as my auntie is going through a divorce. Wouldn't people tend to aggree that if you do plan to get married isn't who you marry a very important financial decision/ if not the most important? + +I mean if you are set to lose half of your assets and future assets to a divorce (if you earn more), and given half of marriages end in divorce, surely either stability needs to be highly considered or a prenup is needed or decide never to get married. But I have head that prenups are unreliable. + +What do people think about this? Has this problem effected you? + + +[This article](http://www.forbes.com/sites/laurashin/2015/03/30/how-this-couple-retired-in-their-30s-to-travel-the-world/) is a few weeks old, but due to saving and investing, this couple retired in their mid 30s with a million dollars and live off the dividends. + +The part that caught my eye was this section *I do a pretty active tax management of those assets, so in 2013 and 2014, we paid $0 tax while also converting about $20,000 a year to our Roth IRA to make that money tax-free forever* + +They are living off $40k a year, transferring to a Roth, and not paying taxes. He links to his blog post which shows his [tax return](http://www.gocurrycracker.com/go-curry-cracker-2014-taxes/). Basically, because they complete the Qualified Dividends and Capital Gain Tax Worksheet, they are married filing jointly, they can have $73,800 tax-free(?). + +He further goes on to explain the Roth conversion. + +This is fascinating to me. I've been spending a lot of time on this forum, reading the posts, and people are always noting to be cautious of taxes you'd have to pay when selling, yet, he seems to be making it work for him. +# Introduction + +This will be long, but it will also be concise, and is filled with information. Do yourself a favor and read it thoroughly. Don't complain that I got something wrong if you only skimmed the post. + +I've been studying options for years, and have read great books such as OAASI cover to cover. In other words, I know some shit. My goal here is to impart a simple strategy that can significantly outperform a "buy and hold" strategy on any major index, both so you can make tendies SAFELY, but also to rub it in the faces of those no-nothing /r/investing types who shun options. + +One final note before we begin. I realize you can potentially increase returns on this strategy by utilizing margin to sell naked options and such... but I don't want to advocate a strategy that could blow up retards accounts. What I will advocate here is a 100% cash strategy and has no risk of a margin call. + +**This strategy is necessarily no riskier than buying and holding an index fund.** + +If you insist on using margin to increase your returns, I would suggest simply using margin to own double the amount of assigned and held stock, in order to sell double the number of covered calls. This is a relatively safe way to increase returns. + +# The Wheel: An IMPROVED "Buy and Hold" Strategy + +Forget credit spreads, diagonal spreads, iron condors, and all that often complicated jazz. The absolute best and simplest theta gang strategy, in my humble opinion, is The Wheel. But I'm going to argue for a very specific version of The Wheel here, and that makes all the difference. + +While spreads can be effective, we want to maximize returns by collecting FULL PREMIUM for options, and not hedging like a pussy. + +**When you think about The Wheel, I want you to picture an IMPROVED "buy and hold" strategy.** + +The tried and true advice of most financial advisors out there is to drop cash in something like an index fund and forget about it. While this is good and all, we can clearly do better, by utilizing options. What we are attempting here is to mimic a "buy and hold" strategy, while consistently augmenting returns by collecting option premium on top. + +The Wheel is a simple concept. You sell cash-secured puts and collect premium. If you ever get assigned, you hold and sell covered calls on the assigned stock. If your stock ever gets called away, you go back to selling puts. Rinse and repeat, ad infinitum. + +The question of which options to sell and why gets complicated, and I will go into details below, but for simplicity I am advocating simply sticking to 30-45 DTE \~0.30 delta options on major ETFs. + +https://preview.redd.it/vntvxqycv5p51.png?width=1286&format=png&auto=webp&s=c0b92bc6d4ecc345f07f4bf09ca2fd4f3f954f85 + +# The Basic Concept + +You want to get PAID to buy stock at a CHEAP price. You can do that by selling OTM cash-secured puts. And you want to get PAID to sell stock at a HIGH price. You can do that by selling OTM covered calls. When you understand this basic concept, you understand 90% of this strategy. + +This will outperform "buy and hold" for two reasons: 1) It collects option premium on top of stock appreciation, 2) It reduces the cost basis for potential stock purchases. These factors also ensure reduced volatility compared with "buy and hold," as both premium and reduced entry points offer downside protection from falling assets. This is inherently a long-term strategy; if you are unwilling to hold an ETF long-term through a drop or even a recession, don't waste your time... you WILL lose money. + +When I've looked for counter-arguments to The Wheel strategy, the common argument I hear is "it works until it doesn't." In other words, these people argue that if you run The Wheel on a stock that drops hard and doesn't recover, you will lose money. + +**This argument completely falls apart if you run The Wheel on INDEX ETFs.** + +SPY and other major indices have recovered from every crash they have ever experienced. Individual stocks like Enron have not. If we want to mimic a conservative "buy and hold" strategy WITH diversification, we will only play major ETFs. This eliminates the major argument against The Wheel entirely, since it achieves instant diversification and will mimic the broader market. If you think the US economy will crash and never recover, you should be buying guns and ammo and not options. + +The only REAL argument against The Wheel is that you could potentially lose out on stock appreciation during heavy bull runs. While this is true, we will show below that this argument doesn't hold much weight. + +# Calculating Returns + +It is relatively simple to calculate potential returns for this strategy, so I will do that now using option prices on SPY as of 9/24/2020. Keep in mind IV is currently high, and so these returns will be inflated relative to a calmer market. Also keep in mind that annualizing returns based on one-month results can get wonky. *This is just an example to get a picture of how things work.* + +There are two phases to this strategy: Selling CSP's and selling CC's. We will calculate each separately, using 30 DTE options and ignoring compounding for simplicity. + +**CSP Return (Conservative 0.30 delta):** + +\[(CSP premium \* 100 shares) / collateral\] \* 12 months = Return + +\[($5.30 \* 100) / $31,000\] \* 12 = **20.5% return** + +**CSP Return (Aggressive ATM/0.50 delta):** + +\[(9.00 \* 100) / $32,000\] \* 12 = **33.7% return** + +**CC Return (Conservative 0.30 delta):** + +S&P500 return + \[(CC premium \* 100 shares) / collateral\] \* 12 months = Return + +S&P500 return + \[($4.12 \* 100) / $32,500\] \* 12 = **S&P return + 15.5%** + +Now there are a few caveats for the above calculations. The first is that if the S&P500 rallies well past our CC strike price, we will lose out on those potential gains. This means the CC-side return for the S&P is capped, which can be calculated as follows: + +**Maximum CC Return:** + +\[(Strike price - stock price) \* 100 shares + (CC premium \* 100 shares)\] / collateral = Return (one month) + +\[($334 - $325) \* 100 + ($4.12 \* 100)\] / $32,500 = **4.0% (48% annualized)** + +By reversing this we can calculate how much SPY would have to rise to outperform us. + +$325 \* 1.04 = $338 + +In other words, if SPY rises more than $13 in one month it will outperform us, but only for THAT MONTH. Obviously the S&P doesn't achieve 48% returns annually and so bull months will be offset by flat and bear months. We will outperform the S&P in both those categories as shown above, which will more than make up the difference in lost potential gains. + +One final note: These calculations assume that all options are held until expiration. In practice, returns can be increased by closing winning positions early. If you achieve 70% gain in 10 days, it makes little sense to wait another 20 days to collect the remaining 30% premium. Simply close and roll as necessary. + +# A Guide for Smaller Accounts + Proof of Concept + +To run the strategy I am advocating on SPY, you would need a minimum account size of \~$35,000. I know a lot of you don't have that much money, so I've done a little experiment for smaller accounts. + +I set aside a fund to run The Wheel on smaller ETFs, such as XLE, XLF, and GDX. To run the wheel on these individually you would need an account size no bigger than \~$4000. Even smaller ETFs such as SILJ could be run for as little as $1500, though they are more risky and less liquid. To prove the concept for smaller accounts, I set aside $10,000 and ran smaller ETFs such as these for 4 months. + +**After 4 months, I achieved a 41% annualized return. This outperformed the SPY ETF during the same period by around 5%, despite the fact the ETFs utilized underperformed relative to SPY. This, in my view, provides some proof of concept.** + +Obviously this return would have dropped significantly during this recent market drop, which is why I stopped running the strategy on the 18th, to avoid losing my own money just for proof of concept. The best strategy will always be adaptive to market conditions, but if you want a one-size-fits-all approach, The Wheel is probably the best you can get. + +In one instance I used margin to purchase an additional 100 shares of SILJ to sell a second CC for "free" (minus margin costs), just to offer an example of how margin can be safely used to increase returns. I also sold ATM options on SILJ shares because I wanted to dump it quickly before the crash, and to collect higher premiums. Got very lucky and sold right before the drop on Monday. This is an example of how to adapt the strategy based on your market predictions. + +Here is a complete breakdown of my trades during this 4 month period. **Notice that I usually closed positions early in order to increase my $/day return.** + +https://preview.redd.it/v80b50jfv5p51.png?width=1433&format=png&auto=webp&s=469d57e6bcce2c51641a211801d5997f05675e4b + +# A Note on Past Wheel Guides + +A prominent past guide on running The Wheel argued that you should always avoid assignment. However, they never made a compelling case for WHY you should avoid assignment. There is an argument to be made for such a position, which I will provide soon. However, there are also a number of arguments to be made in favor of accepting or even seeking assignment. They run as follows: + +1. Time Premium is maximized when the strike price is ATM. If we are selling time premium (Theta), selling ATM will tend to maximize premium returns long-term. + +[Apparently this picture didn't exist on the internet until now...](https://preview.redd.it/16ijbdsgv5p51.jpg?width=4608&format=pjpg&auto=webp&s=bb7fda8a060de84719695afc98c09f8bb7f644f9) + +2) If we are bullish on an Index long-term, we shouldn't have any problem accepting stock ownership. In fact, it will likely increase our returns due to stock appreciation on top of option premium. + +3) Stock can be more easily owned on margin than options. Holding double the stock on margin and selling twice as many covered-calls will outperform selling cash-secured puts long-term. + +These past guides also focused on running The Wheel on individual stocks. I have so far not yet seen a guide advocating The Wheel purely on Index ETFs to mimic and outperform a "buy and hold" diversified strategy. **This is perhaps the most important takeaway from this guide.** + +# Maximizing Returns: ATM vs. OTM? + +This strategy is simple enough... Where it gets complicated is in the details. And the most difficult question of all is whether to sell ATM, or OTM, and if so how deep? + +Let's start with the absolute ideal scenarios... + +**In a bull market: You want to sell ATM puts and OTM calls.** + +**In a bear market: You want to sell OTM puts and ATM calls.** + +**In a completely flat market: You want to sell ATM puts and ATM calls.** + +The reasoning is simple. If the market is rising, you want to maximize premium on your puts by selling ATM. You also want OTM calls so you don't lose out on gains in stock appreciation when the price rises. The ideal depth for OTM calls would be just above the total underlying appreciation (which obviously is difficult to predict in advance). + +By the same token, if the market is falling, you want to sell OTM puts for downside protection against assignment, and you want to sell ATM calls to maximize premium. + +In a flat market you simply want to maximize premium and have no need for upside or downside protection, and so ATM will perform best. + +If you are brilliant and prescient like me, you can navigate these complicated waters and adapt to the market accordingly. If you are a retard, on the other hand, you can't easily predict where the market is headed... + +In that case, my advice is the following: + +ALWAYS SELL OTM ON BOTH ENDS. This will give you downside protection from drops, and also give you upside protection from rallies. The consequence of this is your premium returns will be reduced relative to someone who strategically sells ATM options, but that is an acceptable loss for a safer and more conservative strategy if you don't know wtf you are doing. **You will still outperform "buy and hold" using this strategy, while also achieving reduced volatility.** + +Aiming for selling .30 delta, or 30% Prob ITM options, seems conservative enough for me. You can adjust accordingly based on your personal risk tolerance. If you want a more conservative strategy, aim further OTM. If you want more aggressive strategy, aim closer ATM. Keep in mind you MUST be willing to hold stock long-term through a drop to make this strategy viable! If you aren't willing to actually "buy and hold" while selling covered calls, look to gamble elsewhere. + +# Other Details + +The reasoning for selling 30-45 DTE options, which is advocated by TastyTrade among others, is because theta decay for ATM options accelerates around this range. However, this is only true for ATM options, and OTM options theta decay can actually decelerate closer to expiration. It is likely better to go for longer dated OTM options for this reason, though it won't make a huge difference imo. I would suggest keeping things simple and maintaining a habit around this range. + +https://preview.redd.it/s3hl0wekv5p51.png?width=586&format=png&auto=webp&s=68e42cee750063a6932f96c151a8fb779f292467 + +Some people attempt to run The Wheel by selling short-term weeklies/FDs. These individuals are not really selling theta so much as they are attempting to scalp gamma. While this can work, it is not really the consistent, safe, long-term strategy we are looking for here. It also suffers from the reduced theta decay for OTM options which I stated above. If you want to gamble, you might as well be BUYING the FD's, not SELLING them! + +I would usually close my options at 50%+ return and roll forward/up when necessary. This will tend to yield greater $/day returns if the underlying is moving in your direction. For example: If you make 80% return in 10 days, it makes little sense to hold another 20+ days for another 20% premium gain. Simply close the position and collect the secured premium to release collateral for another sell. If the underlying is moving against your direction, you generally want to hold until expiration and collect 100% of the premium, even if that means assignment. **Closing a sold option for a loss will DESTROY the returns of The Wheel! Do not do this!** + +&#x200B; + +**This is probably already too long, so I will stop here. I apologize if I've made any mistakes while writing this. Feel free to ask any questions and I will do my best to answer them!** + +&#x200B; + +Edit: Going to edit in important points others bring up. + +1. This is obviously less tax friendly than buy and hold. Running the strategy within a Roth IRA will eliminate this drawback. +2. This strategy is very different from others such as the buy-write strategy. For one thing, the buy-write strategy rolls down for a loss, something we will never do. My exact strategy has never been backtested and probably never will. +3. I should have made it more clear that we want to avoid selling covered calls below our initial cost-basis in the event of a drop. Ideally we will NEVER sell our shares at a loss, we will simply continue to hold and continue selling CC's until we recover in price (same as a buy and hold strategy). +4. Something a few people are missing: The value of selling CSP's accelerates during bull runs, because they lose value faster. **However, you will only capture that faster value if you close the CSP early. This is something most "backtested" looks at CSP selling have not done.** Take a look carefully at the trade chart provided, and how my returns increased significantly by closing early \~50% during the bull run. This is why I was able to outperform the S&P during the same period by almost pure CSP selling. If I had held every CSP to expiration, I likely would have underperformed the S&P. +5. This will probably be my last edit, just wanted to quickly respond to the weaker arguments I keep hearing over and over... + 1. "This doesn't work because if the stock drops a lot you collect almost no premium." This is IDENTICAL to buy and hold! + 2. "This has been backtested and it doesn't beat buy and hold." No, my strategy has not been backtested. Similar strategies have been backtested, but this one hasn't. Show me your methodology and I will tell you how it differs from what I advocate. Or run your backtest on the same 4 months I ran the wheel and see if you get the same results I did. You won't. + 3. "This is stupid because you will just lose out on gains during bull runs." Except I literally posted results during a 4-month bull run and beat the S&P. You need an explanation for that. SPY gained 12% during those 4 months, which is not a weak rally. + +Thanks for the overwhelmingly positive feedback everyone! I will check in a bit over the next few days to answer questions here and there, but I won't get to everyone unfortunately. +Lets not make any mistakes, gme is going to moon because shorts need to cover and we are naming our prices. It has never been because the market is going to collapse. The negative beta is great, but gme has never been about hedging against a market collapse. All those hedge funds who thought they could make some free cash by collapsing a company to 0 dollars is what caused this saga to occur. The market is starting to collapse because big boys are moving so much money around trying to distract from the narrative of them not covering their naked shorts and constantly resetting their ftds, and its causing volatility in the entire market. I honestly think citadel is trying to just cause chaos, which will in turn cause doubt in the market. They'll take advantage of this chaos and drive a narrative that social media makes the stock market too volatile, and discussion of stocks and the stock market should be banned for the safety of investors' portfolios. Never let anyone forget that we are here because shorts tried to take advantage of a loophole to get away with tax free money, because you don't have to return/cover your shorts if the company is bankrupt. And if the market is chaotic and volatile, it has nothing to do with retail holding a stock they like, or the platforms they use to talk about the stock that they like, and everything to do with corporations and agencies in charge of regulating those corporations working together to fuck over retail investors. +I see a lot of posts about couples (married and defacto) that live together but are unsure how to reconcile the fact that one makes more money than the other when it comes to sharing assets. + +My plan has always been for me and my wife to have a singular personal bank account each and then one joint account which we contribute a set amount of money from each of our paychecks to pool for bills/food/mortgage offset etc. + +The upside to this is that both myself and my wife can make purchases for ourselves without feeling like we need to consult with each other since the joint account handles everything. + +This is also fun because I can take her out for dinner or buy her gifts from my own personal and it actually feels like I'm buying her presents since we wouldn't be using a joint account for that (this works vice versa). + +However I see a lot of people don't use this method in regards to their own personal finances and I was curious as to why? There does not seem to be a downside at all and in fact, it seems like it can also avoid awkward conversations when it comes to purchases and financial decisions that I know a few of my friends have because everything is jammed into a single account. These issues become more highlighted when one of the couple makes more than the other. + + +So I reiterate: what's wrong with keeping a personal account and agreeing to a set amount for a joint account each pay? + + +Edit: + +The responses have been great from some of you, but others not so much. Here's more clarification: + +1. We earn roughly the same wage + +2. We have great communication and agreed that this would be the best way to handle finances as equal contribution would allow us to have a certain equality in regards to decisions and things that we decide to do. + +3. If children were to come into the picture, I certainly would not expect her to spend her savings. I would be more than happy to take the reigns for as long as needed. + +Some comments here completely miss the point of my post. + +This is not controlling behaviour and merely a solution to a problem that some of my friends have who don't have personal accounts. A lot of fights happen because of money and this I believe remedies that, so it's good to see some of you do the same. + +I also don't agree that we are not a 'team' just because we continue to have a personal account as well as a joint account. Financial independence is something we both pride ourselves on and I honestly don't see what's wrong with continuing to manage personal funds. +I'm thinking this since not too long ago they made it difficult for customers to close out their accounts and leave. They locked them in, knowing that potentially once the DOJ inquest arrived most, if not all, their customers would flee the sinking ship. If customers fled Shitadel wouldn't have the assets / capital to prevent destruction via margin call. + +Now the question is who tipped them off, and how will they be healed accountable? + +ETA: [Reddit thread about Shitadel changing withdraw terms in November](https://www.reddit.com/r/Superstonk/comments/rabfs7/citadel_set_new_withdrawal_terms_for_clients_wut/). +Good Morning Apes! + +Not too much happening this morning. + +Put/call ratio has shifted now, puts favored ($ volume) + +https://preview.redd.it/9n4gpskqxb381.png?width=288&format=png&auto=webp&s=2046bc77e36caee872b62ac6f18caf0f83fb63ab + +Max Pain is down to 195 + +https://preview.redd.it/tqy4n4euxb381.png?width=2136&format=png&auto=webp&s=5b1ae95fe7700bcfe72a883f458a330b567d90f2 + +oh, and IBKR had 500k shares borrowed around 7am + +https://preview.redd.it/0m660lboxb381.png?width=1332&format=png&auto=webp&s=1250423e783e1a5b7b4e1ea0009b7593eb90a6ff + +With IV starting to pick up on calls heading into earnings we could see a move towards max pain today and fill in some of that 15 dollar gap. + +We are still looking for evidence of a roll on the futures contract. Currently volume and price improvement indicate their is no current intention to roll. + +&#x200B; + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market PArtytime! + +So after todays slow bleed a sweet fuckin' rip into close. Back up almost $13 dollars from our intraday low at 159.00. I may not be right all the time but that dip to the 200 EMA was a sweet buy-in average down opportunity. Still closing $20 below max pain which was up at 195. With earnings next week and IV picking up today the influx of call volume is indicating some bullish movement. Thank you all for tuning in, see you tomorrow. + +\- Gherkinit + +Edit 4 2:08 + +Continuing downward drift pushing down below the EMA200 we are approaching the low for retail cost basis. With the continued market down turn and low volume it looks like we will be closing this week significantly below max pain. + +https://preview.redd.it/y7hqq9famd381.png?width=1568&format=png&auto=webp&s=958e07ac55e395ead2a9187bdf1756a07ef2b292 + +Edit 3 11:33 + +Uptrend holding sitting right on top of the EMA 180 now + +https://preview.redd.it/vez07phnuc381.png?width=1574&format=png&auto=webp&s=8a8275646a093c49369aff714bdb4d3b88a710c9 + +Edit 2 10:38 + +200k shares just returned to IBKR so 300k likely used this may indicate our bottom for today. just below the EMA 180 + +https://preview.redd.it/juweomevkc381.png?width=1585&format=png&auto=webp&s=efd8ee2288c0560cd2c6079f0955aca65a8dca70 + +Edit 1 10:07 + +Looks like they are using the 500k borrowed shares to short the market downturn advantageously + +https://preview.redd.it/po7e7ykbfc381.png?width=1577&format=png&auto=webp&s=8ae378a59bee5a3a8ab9b7ba698345fdc6a442ef + +# Pre-market Analysis + +Fairly flat through pre-market no significant price action. + +Pre-Market volume has fallen off again currently at 6,240 + +Shares to Borrow: + +IBKR - 150,000 @ 0.6% (500k borrowed at 7am) + +Fidelity - 1,117,647 @ 0.75% + +[Flat as fuck in the pre-market 1m](https://preview.redd.it/heokd27ozb381.png?width=1578&format=png&auto=webp&s=7f81fbefd61a10208af1db278b10538cfb0933ee) + +CV\_VWAP + +https://preview.redd.it/rztr9rk80c381.png?width=2456&format=png&auto=webp&s=c1861c3f560e8b0b6a074d1eea7db2e02528ece7 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I work at Fidelity Investments in the Margin Department... Horror Stories of the shitshow that is Robinhood, told by someone who is reviewing & processing your ACATs - PART 1 +u/Xayde26 +At Wall Street Bets + +https://www.reddit.com/r/wallstreetbets/comments/lec568/please_read_i_work_at_fidelity_investments_in_the/ +I posted several months ago about how inflation will cause a downturn in the stock market. Too many of you autists thought that the market was a good hedge against inflation and I was wrong. Wrong! It's a good hedge against forecasted future inflation...until inflation actually affects earnings, consumer demand, and interest rates. + +But what you don't understand is that government inflation data is seriously time lagged. Let me give you an example in the industry I am in...automotive. We make parts for vehicles. Component level. These get into sub assemblies and then final assemblies. + +The cost of steel has gone up for these components 80% since Jan 1 2021. + +The cost of labor has gone up 15%. + +The cost of packaging including skids has gone up over 100%. + +The cost of oil is up 40%. + +The cost of transportation is up 45% for domestic and 85% overseas. + +Many of these costs have not even found their way into the cost of cars due to contracts. Secondly, costs are continuing to rise at exponential rates. + +In 2022 our steel costs will increase by another 40% by Q2. Our packaging costs have already increased an additional 10%. + +What your seeing from government data is time lagged info from more than 6 months ago from a component level. + +By end of 2021, our component pricing increased on average 12%. By mid-2022, it is expected to rise another 20-40%. + +There are now appearing significant insolvencies in the industry. + +You guys have no idea what is coming...future annualized inflation to exceed 10%-15%. +Straight from Players Tribune: https://www.theplayerstribune.com/ryan-broyles-nfl-60000-budget/ + +Pretty good read about Ryan Broyles (played for OU then Lions) and how he learned about credit and saving through the draft process. Even those that we typically think of with the fastest, high priced lifestyle can still save and put it away. I've seen a couple examples anecdotally about other players like this (Gronkowski lived in his parents' home for his first few seasons), but this is the first one I really saw through a prism of FI/RE. + +Good for him, definitely a lot of people make money off of athletes spending theirs. Anyways, just thought it was an interesting example of low spending & high saving in an arena we don't typically see around these parts. + +Edited to add Players Tribune link (thanks u/chiefshockerAZ) +https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 + +Worth a read. I've insisted blockchain's going to change the world but..maybe not? Maybe there's not actually a use. 10 years is an eternity in terms of tech development. + +>The original intended use of the blockchain was to power currencies like bitcoin — a way to store and exchange value much like any other currency. Visa and MasterCard were dinosaurs, everyone proclaimed, because there was now a costless, instant way to exchange value without the middleman taking a cut. A revolution in banking was just the start… governments, unable to issue currency by fiat anymore, would take a back seat as individual citizens transacted freely outside any national system. + +>The killer feature: knowing you can get your money back +It didn’t take long for that dream to fall apart. For one thing, there’s already a costless, instant way to exchange value without a middleman: cash. + +>... + +>Plus, it’s not actually that good a payment system — Visa can handle sixty thousand transactions per second, while Bitcoin historically taps out at seven. There are technical modifications going on to improve Bitcoin’s efficiency, but as a starting point, you have something that’s about 0.01% as good at clearing transactions. (And, worth noting, for those seven transactions a second Bitcoin is already estimated to use 35 times as much energy as Visa. If you brought Bitcoin’s transaction volume up to Visa’s it would be using as much electricity as the rest of the world put together.) + +>... + +>In terms of interbank payments, many people mention Ripple as a promising way to transfer money between banks. Over the last 30 days it processed two billion dollars (as of this writing) worth of interbank and interpersonal transactions — about 40 seconds’ worth of volume on the SWIFT interbank network — after three years of being available to banks to trade 90% of the world’s high-volume currencies. +Basically my mum died 2 years ago, her and my dad were the only income for the house and we just about managed with that. Since then we’ve been living off my dads wages and her life insurance money, I now have a full time job too. The thing is we’ve run out of the life insurance money, mine and my dads wages alone aren’t enough to keep us going. He’s tried to equity release and a remortgage on the house which have both been rejected. Are there any other options or anything that I could try instead of him? I’m 18 now and I’m not great with money but if anyone has any advice on what I could do I’d be so grateful. +My mum recently passed. Her will put me and my sister as the executers and he is the beneficiary as long as he is alive. (Apologies if I've used the incorrect terms, I hope it makes sense). My Dad is anxious to cancel the trust and change this. I know my mum was a smart lady and would not have done this without good reason. Can anyone tell me, is making this change going to have some financial repercussions/costs? I'm not concerned about the money, it's more respecting my mum's financial decisions and understanding what it was she was trying to achieve. Thank you for any help. +So we are renting a house. Few weeks ago the landlord put it up for sale asking for 257k, the agency didn't get much offer so they reduced the price to 250k. Since I am the current tenant I thought it would be easier and more practical if I bought the house so I offered 238k. The landlord rejected it, agency said he wouldn't sell it for less than 250k. +So after lots of thoughts I've offered 250k. +The agency just got back to me saying they assumed he would accept 250k but now he's rejected it and since we've been 'good tenants' he's willing to accept 252k from us. + +I know this is not much and I can do it but I feel like the landlord is trying to use us. Any advice is appreciated. I want to be reasonable in dealing with this. + +The house had only had one viewing which they didn't like and it's been on the market for about 3 weeks! +We've been renting for more than 3 years here and never missed or delayed any rent. +Last week I was on Shpock, and spotted some wrestling action figures that I was after. They were priced competitively so I put in a offer of £30.00. + +The seller had 0 feedback so we agreed half payment upfront & the rest on delivery. A few days later a couple of other buyers got in touch with me & said that they bought other things off him & nothing had been delivered. We've set up a WhatsApp group and reckon between us it's about £90.00 that's been transferred to him. + +The seller wanted payment by bank transfer so we've got his bank details and his name. We're all pretty sure it was a scam - he's not responding & had double sold some of the figures to myself and another of the buyers. + +What's our best course of action from here? Is it something the police or his bank (we have his sort code) would be interested in investigating? + +Thanks +Or, similarly, what's the worst financial behaviour you've witnessed? + +The number of friends/peers (in their twenties and thirties) who have taken out payday loans and are still paying them off years down the line is unbelievable. Uncanny. Not only that, but the loans, without fail, were purely for fun. There was no return at all. They were always for holidays and the latest games console or whatever. +If it's a feature somewhere, I haven't seen it yet. The idea is that you allocate a percentage of your portfolio to each stock. Say you have 2 stocks and $1000 capital, you allocate 70% to stock 1 and 30% to stock 2. $700 of stock 1 is bought and $300 of stock 2. 30 minutes before market close, stock 1 is up $100 and stock 2 is still at $300. The portfolio manager sells $30 of stock one, so that at EOD you have around 70% in stock 1, 30% in stock 2. + +I feel like this would be great for holding long term stocks. You would automatically sell highs and buy lows on a miniscule scale, without needing to think about. This would of course be optional, and you could opt to just use the feature to adjust your portfolio when/if you want. + +The real key feature would be grouping. Say you create 3 groups, one for tech, one for finance stocks, and one for pharmas. You allocate 50% to the tech stocks, 30% to the finance stocks, and 20% to the pharma stocks. Say you have 5 stocks in each group- the 5 in the tech stocks would each get 10% of your portfolio, with 6% in the finance stocks and 4% in the pharmas. You add a stock to the tech stocks group, and the portfolio automatically adjusts so that each tech stock now gets 8.3% of the capital. + +Just an idea I wanted to share. It wouldn't be difficult at all to implement a spreadsheet for this but going through and adjusting each stock manually just isn't worth it. +So - for example - you want to save enough money to send your son to college. Your CFP will tell you to open a college savings plan and contribute every month to reach your target goal. + +Or... I knew someone in college whose father was an investment banker. When he reached 16 years old, his father "kicked him out" of his home by having him move into the mother-in-law setup out back (with a seperate address), he declared himself an emancipated minor, and suddenly his rich parents' income became entirely irrelevant when applying for financial assistance. And as an independent teenager who was able to maintain great grades while technically paying rent, grants and scholarships poured in and literally paid his entire way through university. + +People change the game in their favor all the time, but no one ever talks about it. Where do you go for non-traditional ideas like this for retirement? Other investing? +Here is one of a few stock certificates I inhereted from family years back. This specific one is from 1913. This company built all the bungalow style homes that are still around in San Diego and Los Angeles. I have been trying to figure out if this certificate has any value. +Hi all, + +A dark time of the year for many of us autists. We have to gather around the table and lie to our family about our addiction. + +Worst still, the market is closed and we can’t fuel our addiction. + +This is a troubling time truly, so I invite you all to leave comments telling us about your angst so other more experienced retards can give advice or sympathise, or leave your own general good advice + +Merry Christmas Wallstreet Bets! + +Love, + +BigBloodyShark +So I'm considering accepting a new job with a big science institute, but because of their public-good mission they're exempt from paying national insurance. (I've checked with multiple lawyers and other people in the field, the company is totally legitimate and what they're doing is above board.) + +It's a fixed term contract, I'm not being "self employed" and I'm still employed in the UK (not the EU). I just can't work out how much national insurance I'll need to pay to get my state pension? I know that if you're self employed the payments are something like £15 a week, but when I logged onto the government gateway my payments from previous years were a lot higher. + +Can anyone shed some light onto this? +Just received this from MArcus + +> Savings interest rates have declined over the past few months. To reflect this, we'll be lowering the interest rate on your Marcus account by 0.05%, effective from 10 March 2020. + +not a great start for the year... +My dear crypto friends, pay attention (expecially for New user). If you have Heard of pancakeswap service, be aware that it does exist in web version only. NO APP VERSION. Today i opened Google play store to check some updates, instead i encountered a pancakeswap app. HOLY F*CK i said, how was It possible that i missed a official app release? I had not. Like Always, scammers. They created THREE fake pancakeswap app in order to steal your private key. Thousands of download. +Now stop reading this post and go report those scammers, maybe leave a bad review if u can so that people be aware + +Edit: link of the three fake apps +https://play.google.com/store/apps/details?id=com.pancake.newmobile.wallets + +https://play.google.com/store/apps/details?id=pancakeswap.development.team + +https://play.google.com/store/apps/details?id=com.devhub.trustwallet_app + +Update: One of the three apps (second link) Is down, well done reddit. +My dear crypto friends, pay attention (expecially for New user). If you have Heard of pancakeswap service, be aware that it does exist in web version only. NO APP VERSION. Today i opened Google play store to check some updates, instead i encountered a pancakeswap app. HOLY F*CK i said, how was It possible that i missed a official app release? I had not. Like Always, scammers. They created THREE fake pancakeswap app in order to steal your private key. Thousands of download. +Now stop reading this post and go report those scammers, maybe leave a bad review if u can so that people be aware + +Edit: link of the three fake apps +https://play.google.com/store/apps/details?id=com.pancake.newmobile.wallets + +https://play.google.com/store/apps/details?id=pancakeswap.development.team + +https://play.google.com/store/apps/details?id=com.devhub.trustwallet_app + +Update: One of the three apps (second link) Is down, well done reddit. +I understand that locking up the free float in CS will mean that no more 'real' shares are available, but what forces the margin calls on SHF in this situation? Can they just continue to manipulate the millions of synthetics and keep selling them and keep introducing more into the system? + +I'm a smoothe brain and I'm not trying to introduce FUD, I'm sincerely trying to better understand how this works. + +Does having the float locked up just start a bidding war in the dark pools for authentic shares that don't exist there? + +Assuming we have 40% locked up right now in CS, it hasn't affected the price much. But we can't see what the going price is in the dark pools. + +What prevents SHF manipulation from keeping the ticker price low even after the float is locked up? + +In my smoothe brain opinion the ticker price staying unnaturally low is what is preventing the SHF's from getting margin called. What is going to force the ticker price up after the float is locked up? + +Please ELIA. + +Edit: In my personal smoothe brained opinion, I think locking the float up with tens of millions in continued volume may be one step needed by RC to have reason to recall the shares. +Four years ago after having problems with losing my voice and having to clear my throat a lot, I went to the doctor and got news out of left field. At 24 I had an aggressive throat cancer. At the time I worked at a well known financial firm as a software engineer, making about $200k per year. After the diagnosis I had surgery, then radiation, and in the last few months I've started chemo after some new information about the tumor type appeared. I wasn't able to work much at all at that point, and despite this my employer was great for me, and they kept me on for 2 years before letting me go (I wasn't working much at all, and my boss was very understanding). + +I had about $350k in the bank that I had been saving up to buy a house, but in the events following the diagnosis and termination from work my insurance lapsed, and because I was so out of it due to the chemo, I didn't get on new insurance. That $350k is now gone, and I'm deeply in the hole and my bank will cut me off at any time (they keep calling, but I'm not answering because I know what will be awaiting me after the call). I'm getting so many medical bills in the mail that I'm not even sure who to pay at times. + +There is no way in hell I can get a loan now. I know I fucked up. I have no idea what to do at this point. I can't work yet because my mind is mush after the chemo, and I have no family who can help out either. Online I read about people saying others in my situation should file for bankruptcy after getting healthy again, but I'm only 28 and it seems like a potential disaster for the future when the cancer comes back (90% with my type relapse in 10 years after remission). + +I am at a total loss, my life went from great and wealthy to poor and well.. poor. Am I completely screwed now? Any suggestions for ways to deal with this? +Saudi Arabia will regret its attempt to drive U.S. oil producers out of business by flooding the world with crude, said shale pioneer Harold Hamm. + +In an interview with CNBC on Tuesday, Hamm said the Saudis have created a “predatory” pricing environment. +“The Saudis turned 1.8 million barrels on, and basically their intent was to drown us. But they’ve not got that done. It’s been a monumental mistake for them, I might add, a trillion-dollar mistake,” said Hamm, the founder and chief executive of Oklahoma-based Continental Resources Inc. CLR, -3.97% , a firm that helped pioneer oil production in the Bakken shale region and a key player in the so-called shale revolution. +Analysts, however, have forecast increasing pain for the U.S. oil industry. As many as a third of American oil-and-gas producers could tip toward bankruptcy and restructuring by mid-2017, according to Wolfe Research, though some may be able to survive if oil rebounds to at least $50 a barrel. + +Hamm told CNBC that the bankruptcy threat has been exaggerated. +http://www.marketwatch.com/story/saudis-making-a-trillion-dollar-mistake-says-us-oil-billionaire-2016-01-12 +This is a controversial topic, because quite a few people still stick to the conventional wisdom that you don’t want to “spoil” your kids and make them ungrateful, and they need to go out and “build character” and fend for themselves. + +And for what it’s worth I agree to an extent. Handing your kid a paid off house and a trust fund isn’t necessarily what I’m advocating for. + +But I also do think that some of the older generations are a little out of touch with how different things are now. Sorry, boomers, just getting any white collar job isn’t guaranteed to be enough to afford a nice SFH in your 20s before you get married. Not anymore. + +Suffering is part and parcel of life — but one thing that’s interesting is that Buddhists, who embrace suffering probably more than any other group I can think of, also differentiate between the natural suffering of life and suffering for no good reason. At least that’s how I read their literature — I am not an expert. + +Personally, I want my children to have — as I’ve heard it put — “enough money to do anything, but not enough to do nothing”. Now “anything” might be a bit hyperbolic, but point being, if we get down to brass tacks and get more specific with it, I’d like to have enough money so that: + +- my kids don’t graduate college saddled with debt + +- my kids don’t have to struggle well into their 30s to afford a down payment for a home + +- my kids don’t have to delay having their own children due only to financial reasons + +And thus one of my motivations for FIRE is to build enough wealth that my children won’t have to question whether or not an education is worth it because it is expensive, or question whether or not they can afford to live in a safe neighborhood. Am I making sense here? +Hi, +2 weeks ago I got this email from my bank NBC about their new program. + + +**Fully-Paid Securities Lending Program** + +The Fully-Paid Securities Lending Program gives eligible National Bank Direct Brokerage clients the opportunity to earn additional income by lending their fully paid securities held in their non‑registered accounts. + + +Anybody else doing it? worth it or risky? I would not say no to extra income. + + +[https://nbdb.ca/tips/investment-strategies/fully-paid-securities.html?cid=ema\_LCQI10PYE3S6462](https://nbdb.ca/tips/investment-strategies/fully-paid-securities.html?cid=ema_LCQI10PYE3S6462) +Hi all, +I was wondering why most ppl suggest puting all your TFSA in XEQT, rather than having our own "recipe" of 40% XUU, 30% XIC, 20% XEF and 10% XEM. Of course it is simplier with one asset, but the customized solution gives the same exposure, same profits, ability to invest more in Canadian economy for instance or lower investment in emerging market if you don't trust them, has a lower total MER, and rebalancing can be done every year when you add funds in your TFSA. +Am I missing something ? + +thks +Been hearing some whisperings on this one. Can’t tell if it’s another shill-bandwagon-trend thing, of if maybe any real promise... Wondering if the community thinks it may have potential? 🤷‍♂️ + +One of the ones I was contemplating with some of the stimmy funds. 🤔 +I take pride in almost micro managing the "macro" aspect of my finances such as car loans, mortgage and retirement accounts. I actively seek out funds with a low expense ratio and will tax loss harvest - all in effort to maybe save several thousand dollars/year. + +Unfortunately, when it comes to small, everyday purchases I'm much less focused. I almost never do little things like looking for the cheapest option at the grocery store (within reason), never really pay attention to how much items cost on the menu at a restaurant, use the closest gas station regardless of price and often times will buy a diet soda and snack just because I'm there... + +Anyone else this way? Any tips/tricks you've found helpful? + I bought my property in April 2019, and lived in it until end January 2021, therefore it has only been used as my primary residence for 21 months. + +I am currently renting it out for a year lease, and I plan on renting it out again for another year. After the second year term has ended, I plan on making the property my primary residence for three months, so I am in the "2 out of 5 years" category. + +I plan to sell by April 2024. + +I am reading that if I had lived in it for the entire two years prior to renting it out for 2 years, and selling it in 5th year... I would be fully exempt from capital gains. + +But because I am moving back, I am no longer fully exempt. How true is this statement? Did I do myself a disservice putting the property on the market this soon? + +Thank you + +Where I am reading this: [https://www.merriman.com/wealth-preservation/planning-on-moving-back-into-your-rental-in-the-future-read-this-first/](https://www.merriman.com/wealth-preservation/planning-on-moving-back-into-your-rental-in-the-future-read-this-first/) + +Section: + +1. **If you live in your home for two years and then rent it out for two years before selling it, you qualify for the full exclusion amount due to meeting the use test by having lived in the home for two out of the last five years before the sale and meeting the ownership test.** +2. **If you rent out your property for two years and then move back in for two years before selling it, you must prorate your exclusion because the exception to periods of non-qualifying use only applies to portions of the five-year use test period that occur after the last date that the property is used as a principal residence \[26 U.S.C. § 121(b)(5)(C)(ii)(I)\].** +28/M. Starting to really build cash reserves to go on the "offense", so to speak. I'm interested in purchasing rental properties, but know banks look for more experienced individuals and investors. + +I can qualify for a first time homebuyer loan. Should I be utilizing a first-time loan to show banks I'm capable of handling property loans? Build equity for 12-24 monthen the first property, THEN start purchasing rental properties? + +I'm particularly interested in multi-family properties (duplexes, triplexes, apartments, etc.), but I know I'll need 30%+ for down payments on those. + +Thoughts on how I should prioritize property types? + +Edit: Based in Southern California (U.S.) +I found a listing (on the MLS actually), which is 8 mobile homes in the middle of nowhere. Its not a mobile home park but the seller owns the land and put 8 mobile homes on it. I happen to know that there are 3 large manufacturers in the area, so rent demand is stable (but it's a 20K person town - middle of nowhere). +It *appears* to be bringing in a lot of cashflow (7/8 units rented currently, more than half have been there 3 years+) especially compared to the list price. The owner is old and wants to retire (self managed for decades). + +Does anybody lend on these things? Even the hard money guys wont touch it (I reached out to 23 of them in BPs list). "Hard to insure," they say. Its way too small a deal (both in size and price) for the Marcus+Millichap type brokerages. +The church I attend recently allowed a cellular company to place a 5G tower in their parking lot. In exchange for allowing the 5G company to use about 100sqft of unused space on the roof of a shed, the 5G company pays about $3,400/m to the church in rent. It’s a pretty sweet gig. + +I’m about 3 months from finishing a $1.2M commercial remodel in Cincinnati, OH and would like to stick one of those on the top of my building. It’s the tallest building in the local area I’m in and about 2 minutes from a 100M development that’s going in over the next 7 years. + +The building is currently being completely redone, so adding a tower to it would be easy and I’d never complain about an extra $3k/m. + +Do any of you guys know how/who to contact about renting out some roof space to a 5G company? I haven’t don’t much research myself, but if anyone on here is a cellular broker/knows one, I’d love to connect. + +EDIT: The reason I’m not reaching out to my church’s broker is because my property is in the opposite side of the country. +The church I attend recently allowed a cellular company to place a 5G tower in their parking lot. In exchange for allowing the 5G company to use about 100sqft of unused space on the roof of a shed, the 5G company pays about $3,400/m to the church in rent. It’s a pretty sweet gig. + +I’m about 3 months from finishing a $1.2M commercial remodel in Cincinnati, OH and would like to stick one of those on the top of my building. It’s the tallest building in the local area I’m in and about 2 minutes from a 100M development that’s going in over the next 7 years. + +The building is currently being completely redone, so adding a tower to it would be easy and I’d never complain about an extra $3k/m. + +Do any of you guys know how/who to contact about renting out some roof space to a 5G company? I haven’t don’t much research myself, but if anyone on here is a cellular broker/knows one, I’d love to connect. + +EDIT: The reason I’m not reaching out to my church’s broker is because my property is in the opposite side of the country. +After 3 years I sold everything. I don't know if it is the right move financially, I still believe in the message of decentralization and freedom that crypto brings. The feeling after quitting is great - not checking charts and news everyday, not stressing about price action (long term, I dont mean short fluctuations) is so calming - it's like walking through a forest after leaving a busy city. I know lots of you can manage to be succesful in crypto and not make it a big part of your life, but for most people it is very hard. I stil have twitches to check tradingview even though I sold. Just a though for everyone to check if the gains are worth the mental losses. +I'm not sure where I placed my brain. + +So I get off work (super tired nonetheless) and I'm getting out of my car at my house. Two guys stop in a white Ford Fusion and ask me if I wanted a 4k projector (as their job had left overs) and a surround system. + +My dumbass was thinking about a projector and surround sound for a while and thought ''what a perfect opportunity!". I got the money and bought it. + +Something told me something was suspect the entire time but I just.........I'm still in disbelief I just bought some stupid shit like that. + +Edit: Here's how I think they got successful with this scam. My house is on a one-way street and of course my trunk was open. They stopped and gave the spiel about their 4k projector. I was hesitant, but they got out and showed me what was in the box (the projector). The most important part about this is that my trunk was open (since I was getting my gym bag out). While I looked at the projector, they slid the speakers into my trunk so that it became mine. I was flooded with a lot at once. I think that triggered me to proceed to buy it. I should have stopped them right there. + + +**Also, the projector works. But its a cheap Chinese knockoff that will probably blow up at some point watching Lord of the Rings.** +Banks have charged low income Americans $12.4 Billion in overdraft fees in a year, this is an all time high, never have they taken this much. + +And nothing is being done against it. + + +But when some guy orders weed and pays with Crypto, it is a serious problem the nation need to solve and some politicians cant stop talking about it. (By the way: in 2020 just 0,34% of all Crypto transactions were connected to crime, an all time low) + +[(source on crime)](https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf) + +[(source on overdraft fees)](https://www.forbes.com/advisor/personal-finance/how-to-prevent-overdraft-fees/) +The link I have shared as part of this post really made me stop and think today. It's an estimate of listening and non-listening bitcoin node. + +If you consider yourself a Bitcoiner, this should worry you. What you see is a slow decay of a statistic that should be growing year on year. Especially now, when people are moving to self custody, as the shitcoins die, and when people are seeing the true value of Bitcoin as a tool of freedom. + +The misconception about running a node is that you are supporting the network. But it's not really about that. Running a node is YOU exerting control. It's YOU saying "these are my rules, THIS is what I want Bitcoin to be". And if many users engage this selfish act, Bitcoin becomes stronger! That's the magic right there. + +Look at the blocksize wars, at the big blocker corporate interests signalling for segwit2x, look at the RBF nonsense as people who don't understand the risks and function of Bitcoin try to dictate how the network should work. Node runners are the main line of defense against these actors. YOU can be there in the phalanx, in fact you SHOULD be there, with a spear in hand ready to strike at that which you must fight. A shield locked with those you would share concensus with. + +If you do not run a Bitcoin node you are allowing the essence of bitcoin to rot through inaction. For your sake, for the sake of your bitcoin and, critically, for the sake of Bitcoin's soul. Run a node. + +You don't need a raspberry pi, you don't need an old computer, you don't need to run Linux or make a sever or any of that shit. What you need is to download bitcoin core from [bitcoincore.org](https://bitcoincore.org/) for your OS, verify it, and install it. Congratulations. You now operate a node. If you can't spare the disk space?Prune it. Can't dedicate the bandwidth? Don't propagate blocks. Don't want people to know you use bitcoin? Enable tor. The possible configurations are huge and there are [tools to help you configure it as well](https://jlopp.github.io/bitcoin-core-config-generator/). Wallets like sparrow will easily connect to your node too, so you can effortlessly have privacy in your transactions too. + +Aren't sure what you are doing? Don't worry, ask for help here, go to the daily thread, go to the /r/bitcoin discord. Ask. Ask. Ask. People will help you. And then, one day, pay it forward. I have included some helpful links to get you going. But if you are new to this whole thing and have questions then please ask away. + +[Why you should run a node](https://blog.lopp.net/securing-your-financial-sovereignty/). + +[How to run a node](https://bitcoin.org/en/full-node#secure-your-wallet) + +[How to run a pruned node if you cant spare disk space.](https://thebitcoinmanual.com/behind-btc/nodes/pruned-node/) + +Remember, there may come another blocksize war, it may happen sooner than you think. Be prepared to make yourself self-sovereign or face the consequences of inaction. To quote Sartre "We're 'thrown' into existence, become aware of ourselves, and have to make choices. Even deciding not to choose is a choice." +There’s some pretty heavy speculation in this post, but I’m hoping that the info below helps you understand where this speculation is coming from. + +Last week, I made this post: [The Impeccable Timing of it All](https://www.reddit.com/r/Superstonk/comments/t1m9vq/hbo_jon_stewart_dlauer_earnings_and_the/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf) + +**This post is an update to that post with new info and it shows why I believe it’s likely we’re going to get an announcement at or around earnings.** + +**Imo, there is a very compelling timeline of events leading to a marketplace launch (Phase 0) at or around earnings THIS MONTH.** (TLDR at the bottom) + +Every day for the past couple weeks, I’ve been making the following comment in the daily chat (and other places) trying to get some wrinkles to help me figure out what the deal is with “earnings announcements” because it’s very interesting and I have no idea where to even start digging. + +**Here’s my comment:** + +&amp;amp;amp;amp;gt;Daily reminder that every runup has been centered around earnings. In particular, it’s been centered around the “announcement” of the earnings date. + +&amp;amp;amp;amp;gt;Every single “cycle” or whatever you want to call it has reached the top on or close to the day GameStop announces the date for the previous quarter’s earnings. + +&amp;amp;amp;amp;gt;**Every time. Without fail.** + +&amp;amp;amp;amp;gt;Nothing to do with doomps or opex. It’s all focused on that earnings announcement (no idea why). + +&amp;amp;amp;amp;gt;March, June, August, November… without fail. + +&amp;amp;amp;amp;gt;[**March 9**](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-fourth-quarter-and-fiscal-year-2020-earnings) (top of Feb/March run)- earnings announced for March 23 + +&amp;amp;amp;amp;gt;[**June 2**](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-first-quarter-fiscal-2021-earnings-release) (top of May/June run)- earnings announced for June 9 + +&amp;amp;amp;amp;gt;[**Aug 25**](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-second-quarter-fiscal-2021-earnings-release) (top of august run)- earnings announced for Sept 8 + +&amp;amp;amp;amp;gt;[**Nov 23**](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-release-date-q3-2021-financial-results) (top of November run)- Earnings announced for Dec 8 + +&amp;amp;amp;amp;gt;I don’t want to speculate on what this means and I’m the opposite of an options person (own your shares! DRS). + +&amp;amp;amp;amp;gt;That said, if anyone is talking about cycles and they’re not bringing this up, they’re likely missing something imo. + +&amp;amp;amp;amp;gt;Any theory that isnt centered around when the next earnings will be announced, is likely missing something. + +&amp;amp;amp;amp;gt;2020 - Q4 earnings were announced on March 12 + +&amp;amp;amp;amp;gt;2021 - Q4 earnings were announced on March 9 + +&amp;amp;amp;amp;gt;They typically announce on Tuesdays and Thursdays. + +&amp;amp;amp;amp;gt;March 8 and 10 seem like good candidates, but who knows really. Don’t gamble on it. + +&amp;amp;amp;amp;gt;I’m going to keep posting this until some wrinkles catch on and either tell me I’m stupid or someone actually tries to figure out why these announcements matter because I have no idea where to even start. + +&amp;amp;amp;amp;gt;Thanks for reading. + +I really don’t want this to be seen as a prediction of price movement because I have no idea what’s going to happen and I’m very smooth on most things… + +**I’ve simply been trying to figure out why the price runs have coincided with the “announcement of earnings” and not the earnings themselves.** + +I think I have a pretty compelling theory on everything and I would love to hear some thoughts on it. + +**Before I get to that, Robbie’s update and sneak peek yesterday gave us a roadmap and quite possibly a timeline!** + +**If you look at the image, on one side, it says…** + +“Phase 0: marketplace launch” and mentions “Alpha L2 NFTs” (that image does not contain Immutable at all). + +**Then it says…** + +“Phase 1: Immutable integration” +That side has all the immutable info. + +I legit think we might be getting some kind of announcement at earnings. I’m stoned, but I’m like 90% sure. + +To show why I’m coming to this conclusion, it’s important to talk about the timeline of everything that has been coming out the past month or so and how it lines up with the quarterly price increases mentioned above. + +**Let’s look at the timeline…** + +- NFT Creator’s final versions due: 2/21/22 + +- Loopring releases L2 minting on 2/25/22 (fact check here) + +- Marketplace launches to creators: 2/28/22 (confirmed by NFTSpike’s Walter and NFT metadata) (edit: updated date) + +- This crazy week happens (Jon Stewart ep and HBO doc plus dlauer’s investor’s movement) + +- Immutable gives us this sneak peek yesterday 3/4 + +- Earning’s date announcement is expected next week (3/8 or 3/10) + +- Earnings should happen around March 26. + +If Phase 0 is announced at earning’s GameStop’s team will have had a month to review submissions BEFORE earnings. Depending on how many creators they’re launching with, a one month timeline for reviews is completely reasonable. + +**Robbie confirmed in a comment that Phase 0 is still “coming”. So whatever was launched to creators is not the full Phase 0 marketplace launch.** + +It’s possible that the alpha launch will go to a small group of people. I personally think the “Alpha L2 NFTs” will be granted via dividend to all shareholders. + +I think we’re about to start actually seeing this marketplace and and how Loopring is involved really soon. Like really really soon. Like this month or next at the latest. + +**Ok, so what’s up with the earnings date announcements? Why do they always signal the top of a run?** + +Here is my speculation on this and I would love to know if this is really stupid or not. + +I think what might be happening is people are buying in anticipation for more than just an earning’s call to be announced. + +I think people (not sure who), have been anticipating GameStop to not only announce earnings, but also announce an event or Q&amp;amp;amp;amp;amp;A to happen at or after the earnings call for all investors. + +So they buy up to the announcement, then when it just turns out to be a boring old earnings call, they short it back down. + +I think it’s possible hedge funds or someone have been manipulating the run ups around earnings because they think we’re expecting something huge. Then nothing happens and they crash it. + +This time, however, they’ve been doing everything they can to suppress the hype because with the immutable announcement and the Jon Stewart and HBO doc coming out, the last thing hedgies can afford is a price run. I think they see something coming. 🏴‍☠️ + +**I think it’s possible that the earnings date is announced along with some kind of event ala Apple.** + +That’s my only theory on it. + +Either way, I think there’s something to these announcements and things could get VERY spicy in the next few weeks! + +**Go look at the NFT Spike created for the OG blockchain team. It’s the end game credits! We are literally at the finish line!** + +**TLDR:** Historically every run up has been centered around the earnings report date announcements. We should hear from GameStop about when the next earnings report will be next week (roughly around Mar 10). The timeline of the past few months leads me to believe that an announcement at or around earnings is not only possible, but likely imo. + +Buckle up! + +**Edit:** it’s been pointed out that the dates are not the *exact* peak of each run. See [comment](https://www.reddit.com/r/Superstonk/comments/t7jtr5/update_the_impeccable_timing_of_it_all_part_2/hzked45/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf&amp;amp;amp;amp;context=3) by u/jlw993: + +>None of those dates are the peak?? + +>It didn't reach its peak on march 9th. It peaked on march 10th and was higher on 11th, 12th, 15th + +>It didn't reach its peak on June 2nd. It peaked on June 8th and was higher on June 9th + +>it didn't peak on August 25th. It peaked on September 1st. + +>It didn't peak on November 23rd, November 3rd was slightly higher. + +Just to be clear, the fact remains that earnings dates were announced at the top of each run up. You can’t say that about any other announcements or date. Whether it’s the exact “peak” or not doesn’t matter as much imo, but it’s important I make this clear. + +I edited the part where I say it reached its “peak” when these earnings dates are announced. +I can’t remember really when my perception changed. When I first discovered trading, I was in a major bout of depression, feeling that I deserved more, but stuck in minimum wage, retail, no way out. +I was in the crypto boom of 2020 and watched a coin go from 25 a piece to over 600 in span of 4-5 months. +It gave me hope that there’s a way out for me. +After trying to learn on YouTube and hearing people talk about it, and filtering out snake oil, somewhere I started to believe. +I’m still demoing and reading. But I feel like I’m starting to “see”. I have faith in it. I feel I can learn it and it’s price action, volume and a 25ema that will lead me out of this hell lol. +I don’t want a gucci lifestyle, just earn enough to travel and commit to my creative practice. + +Every bar is important. +Best of luck on your journeys. +I signed a contract with a third party personal trainer company "Lighthouse fitness" at my gym back in january. Was informed last week the gym "Bfit" is closing its doors and the training company is moving to another gym I have no interest in joining, poor hygiene is one of the reasons, however they won't cancel my membership without a $300 fee. + +I live in Oregon and was wondering what state agencies would be best utilized to deal with this company so that people have recourse during a pandemic? +Despite the expected/positive result of Bjp winning the elections, I found it a bit odd that the markets crashed like how it did. Any thoughts about this? +An excellent post on the importance of PPF in one's portfolio by Mr Roy /u/rroy1964 of financialsafari + +He is a practicing FIRE guru, He guides the new FIRE aspirants on the /r/FIREIndia subreddit. Please do check out his blog. + +https://financialsafari.wordpress.com/2018/08/28/ppf-investment-is-a-must-for-every-investor/ + +Edit : Added [Part 2](https://financialsafari.wordpress.com/2018/08/29/ppf-is-a-much-maligned-product-due-to-investor-ignorance/)[Where Mr Roy clarifies some queries on PPF] + +Edit2: Added [Part 3](https://financialsafari.wordpress.com/2018/09/01/ppf-investments-what-should-your-strategy-be-now/) what should your strategy be now? + +Edit3: Mr Roy is doing [Q & A](https://www.reddit.com/r/FIREIndia/comments/9byii1/ppf_use_it_intelligently_in_retirement/) at /r/FIREIndia +&#x200B; + +Started a 4 k SIP on Digital Gold on Kuvera, I did some research on the various option will list down them there + +u/4thinker_india has made some great points on returns, so looking at MF also - now only if someone can help me understand the benefits of buying SGB every month + +After recommendations from the comments, I have realized I overlooked some of the fine points - modified the SIP to 3k in a Gold Fund and 1k still with digital gold! (Keeping digital gold just to experience the difference myself) + +&#x200B; + +**Why did I choose to invest in Gold?** + +I was never in favour in investing in gold until this pandemic (when stocks/ MF were crashing and gold was increasing, ) luckily I didn't require to touch my emergency savings that time but I realized there might be a case in the next 10 years where I may require money more than my emergency funds and the stock market might be low simultaneously, I read this article about the dragon portfolio which said that we need to have an instrument which rises when the market goes dows (only gold for me checked that item)- so the decision of buying gold + +**Which instrument did I look at:** + +* Gold ETF - Invest in gold and debt securities +* Gold MF - Invest in gold ETFs (Fund of Funds) +* Gold SGB +* Digital Gold +* Physical Gold + +**Elimination Criteria** + +The SGB was the clear winner in terms of returns, physical gold has a liquidity problem- I just cannot go and sell them when money is required and storage is another issue, need to get a locker etc. - **Physical gold eliminated** + +For me more than returns I needed a SIP option because I can't invest in a lump sum, so SGB and Gold ETF was not an option for me - **SGB & Gold ETF Eliminated** + +The final analysis was between **Digital Gold and Gold Mutual Funds** + +1. Both are highly liquid ( Digital Gold has no exit load) +2. According to my research, Digital Gold has a higher return than the Mutual Fund +3. I can take physical delivery of Digital Gold and use it for my son's marriage, gifting my wife something in the case I do not require the money at a later stage, with Mutal fund I will get cash which I will re-invest (This a more of a personal choice, I discussed with few friends who have daughters and they have the same opinion) + +So for me, the winner was Digital Gold + +**Why Kuvera** + +I tack all my family investments here, from Mutual funds, Stocks, PF, so only made sense to buy it from this platform. + +&#x200B; + +&#x200B; +Axis Midcap had been an underperformer in the past two years. However one thing that I have noticed is that it has a rather high percentage allocation towards consumer discretionary items which in the current economic scenario will have a slow growth because of inflation and they are not absolute necessities. +I have been investing in this fund for the past two years and I believe that once the situation is under control we may see a rapid growth in this sector and subsequently in the fund as well. +I would really like the opinion of this subreddit. Do you think it would be wise to stay invested or switch to some other midcap fund ? +Axis Midcap had been an underperformer in the past two years. However one thing that I have noticed is that it has a rather high percentage allocation towards consumer discretionary items which in the current economic scenario will have a slow growth because of inflation and they are not absolute necessities. +I have been investing in this fund for the past two years and I believe that once the situation is under control we may see a rapid growth in this sector and subsequently in the fund as well. +I would really like the opinion of this subreddit. Do you think it would be wise to stay invested or switch to some other midcap fund ? +This is going off backtests using hundreds of thousands of candles with different assets. + +Performance without commission is very strong. A solid win rate and great profits. + +With commission added to the backtesting process, the performance is completely terrible. + +Have any of you been in a similar situation? Any thoughts on how to handle this? + +**EDIT: Thanks for all the advice / comments. I am going to try running the model live on a 0% commission platform and see how it performs. If you don't hear from me I either lost my shirt or became stupendously wealthy.** +Currently living in CA, I am thinking about moving to NV as my primary residence before cashing out my portfolio. Anyone has done that? Any advice? Story to share? I am here to learn. Thanks! +We have several posts of folks who are picking a major, want some job advice or have no savings/FIRE experience. A lot of them fit best in /r/personalfinance, other questions are closer to "how do I get started for FIRE" and would fit in the daily thread of /r/financialindependence. + +That said, reception is mixed. They do get their share of upvotes. There's three ways to deal with these posts: + +1. Welcome them, introduce them to the differences between personal finance / leanFIRE / FIRE / fatFIRE and help them get started on their journey + +2. Report/remove them. Add a rule saying "**r/fatFIRE is to level up, not to get started.** Basic questions are better suited in the personal finance or FIRE subreddit." + +3. Create a wiki to answer "how do I get started" style posts about education/career/savings/entrepreneurship; remove or lock the posts after redirection to it. Alternative, we could have a basic questions recurring thread, though that function is already filled by having subreddits (r/personalfinance ; r/FIRE) dedicated to getting started. + + +What direction do you want to go in? How strict do you want to be? +>• For all of 2019, Boeing lost orders for 87 commercial airplanes. + +>• It was the first time in at least three decades the manufacturer lost orders for the year. + +>• European rival Airbus logged orders for 768 new planes last year. + +https://www.cnbc.com/2020/01/14/boeing-posts-negative-commercial-airplane-orders-for-first-time-in-decades.html +This happened a few months ago. The guy who hit us was at fault (he was texting and driving). It didn't do too much damage but still shocking nonetheless. My chiro recommended I get an MRI to check for any damages. I sent everything to my insurance and they sent a letter back asking about all the parties involved. Not sure what to do or who's supposed to pay for this. +There was a girl who had 2k shares in IDEX. It went up to $3.96 one day but she was greedy and didn’t sell. The next day it went down to $2.70. She panicked and sold for over a thousand dollars less than if she had sold the day before. The stock then went back up to over $3 within seconds after she sold. She then took that money and bought FRSX at it’s fucking peak. FRSX started going down within seconds after she bought. She didn’t even bother to average down. Her brain stopped working so she just went all in at once. AT THE PEAK. The girl is now immortalized in all history as the most idiotic idiot there ever was. +Each month, another company publishes a whitepaper, claiming to have solved the scalability problems faced by Ethereum. + +These new blockchains claim to be better, faster, and smarter than Ethereum — they say they can handle thousands, even millions of transactions per second (TPS), have no transaction fees, and have near-instant confirmation times. + +This article on medium [_“Ethereum Will Be the Backbone of the New Internet” by James Martin Duffy_](https://link.medium.com/m0HLmpEhIgb), although about three years old, is really insightful. It provides solid reasons why Ethereum has already won the race to become the foundation of Web 3.0, and will become the fundamental base layer that all major DApp platforms will choose to build on top of in the future. + +_This is basically just like a summary of the [article](https://link.medium.com/m0HLmpEhIgb), you can read it here for more._ + +So, these are almost the same reasons why ETH currently makes up most of my portfolio: + +**1. Ethereum has way more developers building on it than any other platform — and this gap is widening by the day.** + +And why's this important? + +To summarize it all, _at the end of the day, it doesn’t matter how many transactions per second your blockchain can handle if no one is actually using it._ + +And in order to have applications worth using, you need to attract enough developers to build them. *If you don’t have developers building applications on your blockchain, you’re effectively building a ghost town.* +The blockchain platform that has the most developers building real-world applications on top of it will be the platform that gains the widest mainstream adoption. And not only does Ethereum have a massive head start in this area, but the gap is widening with each day that passes. + +**2. Ethereum has better tools and infrastructure for DApp development than any other platform** + +Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). + +Basically, in less nerdy terms, the more developers building useful stuff, the easier (and more enjoyable) it becomes for new developers to build, and the effect compounds on itself. + + +**3. Ethereum does not sacrifice decentralization** + +With blockchains, there's some kind of scalability trilemma at play. +The trilemma claims that blockchain systems can only at most have two of the following three properties: + +•Decentralization (defined as the system being able to run in a scenario where each participant only has access to O(c) resources, i.e a regular laptop or small VPS) + +•Scalability (defined as being able to process O(n) > O(c) transactions). + +•Security (defined as being secure against attackers with up to O(n) resources). + + +So in more friendly terms, it’s kind of like a law of physics that says a blockchain can only have 2 of these 3 properties: decentralization, scalability, and security. + +What that means is, given the same level of security, if you want to increase a blockchain’s scalability, you must sacrifice its decentralization. + +Pretty much every platform that’s been touted as the “Ethereum Killer” has simply decided to trade off decentralization in favor of higher scalability, and advertise it as if it’s a feature. + + +**4. It will be impossible to run all the world’s decentralized applications on a single blockchain: Scaling has to occur on Layer 2** + +It would be absurd to try to run the Internet’s 100 most popular games and social apps all on one giant supercomputer. + +Likewise, it’s absurd to assume all the world’s decentralized applications in the foreseeable future will run on one blockchain. + +_It doesn’t matter if a blockchain can do a thousand transactions per second or a million transactions per second — no single blockchain will be fast enough to handle all the world’s decentralized applications on the same chain._ + +Scaling has to occur on Layer 2. +The solution is obvious — these applications will need to be split up across multiple blockchains. + +If you put DApps that require thousands of transactions per second on their own standalone blockchains, they would be vulnerable scalability issues. But if you put them on a sidechain to a blockchain that is sufficiently decentralized (like Ethereum) — you get the best of both worlds. + +Sidechains provide higher scalability without sacrificing security. +A sidechain can use a different consensus algorithm (like DPoS) optimized for DApps that require very high TPS or low-latency, while storing any tokens or data requiring a high level of security on the main chain. + +**5. New platforms are unproven, while Ethereum‘s security has already stood the test of time.** + +Pretty much summarises itself. + + +Conclusion: "Ethereum isn’t perfect — but at this point, it’s hard to imagine it being displaced as the de facto Layer 1 for decentralized applications" + + + +_I really suggest you read the [article](https://link.medium.com/m0HLmpEhIgb) from beginning to end and also check out the comments against some of its points. I'm saying this cos I don't believe in just blindly shilling and shutting out the opposing views. Some of the arguments against it will help bring a new perspective and maybe force you to do more research on some of the points presented here._ + +_Btw, could also be a great place to start DYOR on Ethereum if you've been interested for a while without really looking into it._ +Hi, I have read that trading 212 actually buys the stocks from IBKR and that the socks that you buy are in their name. Is this true? How can this information be verified? +I'm 36 and late to the stocks and shares game. I'm looking to dip my toe in shortly, but im currently absorbing as much as I can whilst running a practice portfolio of around 40 selected dividend stocks 10 growth with 60% cash in index etfs and 40% in the selected stocks above. I have a couple of books arriving, but just starting with the smart investor. + +One thing that I've read is that most people don't tend to utilise bonds anymore due to the poor interest rates, however I still see a lot of people suggesting vanguard LifeStrategy and holding corporate bonds. Does the portfolio above make sense and what is a good concensus around usage of bonds? Is it more around having protected funds that can be used to buy when prices have crashed? + +Thanks, and sorry for the noob question +My eldest son has asked if he can trade cryptocurrency. This is understandable given the recent press coverage, I’m sure he is exposed to what is happening with Dogecoin and obviously the GME / AMC headlines on YouTube and Discord. + +I’ve asked him to do some due diligence and come back to me in a week or so to tell me his thoughts. + +Ultimately, I don’t mind depositing a few quid (we’re talking <£100) into an account. I’m not concerned if he loses this amount. What I don’t want to do, is give him a login to an app or brokerage account that I think prevents creating a liability greater than the amount deposited but actually it turns out he can leverage the deposit and I wake up owing £5k after a 100x leverage. + +Is anything like this available? + +Edit 2: My eldest is 14 - I obviously don’t trust him to make decisions on life changing sums of money. I am happy however, to allow him to keep up with his peers and drop him £100 to ‘invest’. If it keeps him occupied and out of mischief, then that’s a win in my book. + +Edit: I appreciate this is similar to the question “What broker should I use”, but I don’t expect to find an answer to my question readily available on the web. That - and I suspect there’s a few people in a similar position that would benefit from a considered response. +Hi guys, can someone please shed some light on the significant price drop in the past week? It can't be explained by the tax blunder which is already old news! + +I can't find any reasonable explanation by google search unfortunately. Would appreciate if someone could enlighten me! +I've got some money in Zopa ISA to diversify my portfolio. A while ago they stopped accepting new money because of oversupply and low demand. Makes sense, but today I noticed that the rates on loans they are offering are about 2x higher than high street banks. No wonder demand is low! Anybody can make sense of this? I can't see how they can survive if their rates are not competitive. Is it time to pull my money out? +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Actually I am down on AIM shares overall. In the past month I have gone long using spreadbets on SP500 and the returns have been amazing. Yes, I know spreadbets have a bad rap but I have been careful with stop losses. It's just a shame I missed out the last few years of bull run in the US, buying and losing money on AIM penny shares! +I currently have an account with HL Holding roughly £500 in LLOY and £500 in SMDS. I want to move into funds, initially investing around £500 and setting up a small standing order of £25 pcm. + +I'm only 23 and have roughly £5,000 in savings and living at home. I want to begin to prepare a 'fire and forget' portfolio. MY holdings are currently not in an ISA. + +My main question is how do I proceed with investing in a fund, what should I look for and what are the mechanics of investing in a fund such as the services fees etc. + +Any feedback would be greatly appreciated. +I've lived and worked in Washington for the last 5 years. It was time for a change, so I put in my two weeks notice in Aug and then moved overseas. HR sent me "what to do before my last day with the company" documents and one of the tasks was to update my mailing address in ADP and the company's registry if it'll change after I quit. I updated the address to my parent's place in Oregon, since they'll manage my mail once I move overseas. After my last day at work, I was due 2 paychecks. One at the end of August and another at the end of Sept. + +When I reviewed Aug paycheck, it showed that Oregon Income Tax had been taken out of my paycheck. Since I don't and won't be working or living in Oregon, I don't understand why I had to pay Oregon Income Tax. I called the payroll department to figure out what happened. Payroll said they'd look into it and get back to me. They also said that I didn't need to do anything in the meantime. They finally called me on 10/4, after Sept paycheck was already sent out with the Oregon Income Tax deducted again. + +During our 2nd call, payroll said that they determine what types of taxes should get deducted from the paycheck based on the address on file with ADP and the company. They also can't refund the 2 Oregon Income Tax amounts because it was already deducted from Aug and Sept paychecks. They can't give me a refund and didn't have any other options. + +What's frustrating is, payroll should've told me during my 1st call, early in Sept, to change my address back to Washington to prevent the deduction from happening again in Sept paycheck. There was enough time to fix it for Sept paycheck at least. Instead, there's less money than I expected in my bank account from both months. + +Is it true that Payroll can't refund the incorrectly deducted amounts back to me? Is there another way to get the money refunded? Who do I need to contact or what do I need to do to get this fixed? +Ill pretext this with Im a 25 year old, I heavily believe in savings, investing into total market index funds, mild frugality, and seeing my money grow. But I am unsure if I am able to make the argument on behalf of (most of us) to follow this living-within-means, invest, and retire "well" argument. Im sure my knowledge is flawed here, but I can't figure out what Im missing in defending FIR (exclude E) + +I live in Miami. We have lots of "50 K millionaires". In the sense people in Miami believe in putting every ounce they have into cars, clothes, accessories, electronics, and houses (where almost all of these are depreciating assets), even if they can barely afford the monthly payment. + +When it comes to your average FIRE, saving and investing is a big deal. The catch I see is, you live your prime years (20-50) saving, only to live your "so called golden years" paying for healthcare, your housing, and probably your nursing home. + +**Argument:** + +My spend-it-all neighbors argue that, "if youre making 50,60,70 grand/annually (2x)- blow it on the luxuries now- because life sucks when youre old anyway." When I make the argument that you wont have anything to rely on when youre older- the counter from them is that medicare/Medicaid social security will find them a nursing home, cover their healthcare, etc costs if they are broke. + +**IS this true?** + +**And if so, where does the middle class worker who maxed out his 401 K since he graduated college and lived life in moderation win?** + +My father was disabled at 55 due to a stroke, and as a guy who lived in moderation, I found that (had he lived longer than just months post stroke)- he would receive 0 government assistance, 0 aid, and pay full price for every ounce of life support he needed (healthcare insurance, nursing homes, etc ). + +Meanwhile, girlfriend's mother never worked past 30, has had a foreclosure and a bankruptcy. When she did work she made minimum wage, and some how at 60 she is "Retired" and collecting 1300 in social security. + +**Is this saving, investing worth it when other people can just use the system in place?** + +&#x200B; + +\*\*\* Regardless of the answer to this, I will continue to save, invest, and be responsible, im just curious +Some Apes said I should repost this comment from the RC tweet post. + +Hell Yeah RC!!! I've said it before and I will keep saying it as long as this crazy bastard keeps tweeting it!!! INJECT THAT SHIT STRAIGHT INTO MY VEINS!! + +Apes, Ryan has **everything** that someone would normally "want". He worked hard, built an awesome business, and made a fuckload of money. RC could just vibe for the rest of his beautiful life. + +DOES HE????? + +DOES HE!?!?!?!?!?!? + +Fuck no he doesn't. He goes after Wall St. He takes on BCG! He calls out the mother fucking FED!!! My guy has got a lot on the line, HE'S GOT IT ALL ON THE LINE. And he is straight up calling a spade a spade and 💩 a 💩! He is working not for **his perfect world** but for **OUR PERFECT WORLD** + +This is fucking leadership! Honestly, I think he is more pissed than I am... and quite frankly I'm impressed. + +They ruined my parents in '08. It crushed my dad. It fucked me over trying to get into the job market at that time. And what did the government do to punish them? Oh yeah, nothing! + +The FED and Wall St are fucking ruining our financial future. The are printing our currency out of fucking existence. Wall St, "Oh shit, umm our reckless derivative gambling is coming back around to fuck us in the ass! What should we do?" Also Wall St, "Print dollars until they are monopoly money and tie every person's hard earned pension to it! that way when it crashes nobody has anything and we can all get a bailout!" + +What about the housing market? What about that shit? People can't buy a fucking house! Rents are more expensive than what mortgage use to be. Banks could give two fly fucks less what they do with your money once you deposit it. They use that money to fund their favorite coke rat and their gambling problem. + +Oh, you built your assets on commercial real-estate? Can't have that go tits up, tell everyone that the job they could do from home has to be done in the office. More time with your kids and family? Fuck that, daddy needs his downtown skyscraper to appreciate in value or he can't afford his third family and his yacht's indoor lazy fucking river. Fuck you! + +Want people to be able to go to the doctor when they are sick? Fuck that! You have to have a job to get health insurance. "Well at least they are working so it won't be so expensive right? Got to encourage the poors some way!" Nah, fuck that. You have to pay to have insurance and then also pay additional money to use it. What the actual fuck? And you have special health, that's A FUCKING ELECTIVE apparently. Want to fix your teeth? Extra. Can't see shit? Extra. Oh got really sick with cancer? Extra. Need medicines THAT WE CAN MAKE FOR NEXT TO NOTHING? Extra. + +**Isn't funny that we heard that the banks were overleveraged 100:1 and RC is pointing out that they have printed 80% of all U.S. currency since 2020? Somebody is trying to print their way out of the shit hole they dug!** I see what you are saying RC! + +Ryan, I got you man. I will fucking follow you, Helm's mother fucking Deep style! I am your Haldir baby!! This is my ride or die moment of my life. TAKE MY MOTHER FUCKING ENERGY! Ryan has everything to lose, so when this shit moons and I finally have something to lose too I'm fucking paying Ryan back, and Imma hodl my shares forever! + +Remember they can't turn off the buy button if apes use **COMPUTER-FUCKING-SHARE!!!** + +DRS your shit, fuck those hedgies. I'm not selling until.... Fuck that. I'm not selling. Let's Fucking Go APES! Ryan just sounded The Horn of the Helm!! Which one of you motherfuckers is Gandalf? + +See you motherfuckers in the metaverse! + +🦍🦍🦍🚀🚀🚀🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🌝🌝🌝🌝⛏⛏⛏🧱🧱🧱 +\*\*Warning: This is a very risky play, trade at your own risk\*\* + +Hello, All! + +If you are not familiar with this saga, feel free to catch up: + +\[First Mention\]([https://www.reddit.com/r/stocks/comments/k3p4bc/when\_will\_the\_gme\_squeeze\_happen\_answers\_here/](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/)) + +\[Short Squeeze Explanation and Initial Thoughts\]([https://www.reddit.com/r/stocks/comments/k688qv/for\_those\_who\_dont\_understand\_the\_inevitable/](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/)) + +\[Timeline and Predictions\]([https://www.reddit.com/r/stocks/comments/kaa2qh/gme\_either\_squeezes\_or\_gets\_delisted\_who\_will\_win/](https://www.reddit.com/r/stocks/comments/kaa2qh/gme_either_squeezes_or_gets_delisted_who_will_win/)) + +\[GME Short Squeeze What Comes Next Part 1\]([https://www.reddit.com/r/stocks/comments/laln2m/gme\_short\_squeeze\_what\_comes\_next/](https://www.reddit.com/r/stocks/comments/laln2m/gme_short_squeeze_what_comes_next/)) + +\[GME Short Squeeze What Comes Next Part 2\]([https://www.reddit.com/r/stocks/comments/lbuhp0/gme\_short\_squeeze\_what\_comes\_next\_part\_2/](https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/)) + +\[GME Short Squeeze What Comes Next Part 3\]([https://www.reddit.com/r/stocks/comments/lgkm5t/gme\_short\_squeeze\_what\_comes\_next\_part\_3/](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/)) + +\[GME Short Squeeze What Comes Next Part 4 (Micro Update)\]([https://www.reddit.com/user/hooman\_or\_whatever/comments/lm92zw/gme\_short\_squeeze\_what\_comes\_next\_part\_4\_micro/](https://www.reddit.com/user/hooman_or_whatever/comments/lm92zw/gme_short_squeeze_what_comes_next_part_4_micro/)) + +[GME Short Squeeze What Comes Next Part 4](https://www.reddit.com/r/stocks/comments/lrxbvv/gme_short_squeeze_what_comes_next_part_4/) + +Before we get into what happened today I would like you all to know that I have sadly closed my position. I sold at the top today and then wanted to buy back in at the bottom but forgot about a little thing called wash sales. That being said when I purchased at 147 my cost basis was actually showing at \~250. Now, this is just for tax purposes however it was factored into margin and completely eliminated me from other trades and would have kept me sidelined for quite some time. I made the decision to close my position entirely and put a large sum of my capital into ACTC which will be my next DD. Sadly, I need to wait 30 days for the wash sale to wear off before I could re-enter GME. This bars me from participating in any upcoming squeezes without substantial risk and it prevents me from entering a long position prior to the 3/25 Earnings Report. This is very sad news indeed. However, I am extremely interested in what is happening and will continue monitoring the situation. I might play options although they are entirely to hard to predict, but I will be re-entering as soon as the wash sale wears off. + +Side note: I am feeling better but not well enough to film, so for those who have been waiting for videos this week I do apologize, I will have content coming out as soon as I am able to record. + +**So let's talk about today** + +Well, if you read my last DD (Part 4) today went exactly as expected all the way up until the end. There was one crucial part I missed and that was the top of the downward channel which was $170. I kept mentioning $200 as an important number but completely disregarding the top of the channel. + +Alright, so pre-market kind of went sideways and that seemed to bode well for us. At open we saw a massive dip, my prediction was that this would be a sell-off of profit taking and bag holders leaving with their original investment. I still maintain that belief. We found the bottom at around $102 which was impressive to me so the following bounce seemed natural. We had several halts along the way and I want to clarify to everyone that this is completely normal. + +Halting trades happens for those of us who can't be behind a computer at all times. It gives us a moment to catch up and make our decision. It also prevents a price from plummeting due to panic selling as it essentially pauses the trade to let people calm down and orders hold off for a second. It works well in the opposite direction to prevent FOMO from kicking in and prices rising to irrational heights quickly. + +I think a majority of the price action today was a combination of poorly positioned shorts covering and FOMO for a second squeeze. That in conjunction we scalpers and day traders, I think we simply had a lot of people playing this for profits on this push which gave us the volume and buying power we needed to surpass certain levels. + +We tested a few places on the way up, and some of those tests were rejected. The volume was able to push us through after 1-3 attempts. However, we met with the top of the channel, the $170 mark and at that point, we had no more gas, we had no more volume. We simply couldn't break through, there was a false break which brought us to the days high, but not enough to truly break out. If we did break it we would have been met by the massive sell wall at $200 which we surely would not have had the volume to break. We then were completely exhausted and were forced down significantly. In short, today was not our day. + +There is a silver lining, even with AH we somehow ended up finishing over $106. This gives me hope. Let's immediately hop into what comes next. + +**So...what comes next?** + +All of the catalysts mentioned in Part 4 are still in effect, this has not changed. There are still many shorts sitting above $200 and some probably opened positions on the way down again. + +**Tomorrow** there is something still interesting to me. The fact that we ended over $100 and options expire tomorrow makes me thing there is still gas in this rocket to go for a second push tomorrow. No bears, no one really, could have expected this to close over $100 today, so a lot of calls are dangerously ITM. Tomorrow will be an all out assault for sure to try to drive the price as low as possible prior to the options expiring. Not only will this assault need to be dealt with, but nothing has changed with the $170 channel ceiling or the Wall of Troy at $200. Be warned folks, this is a battle. It is winnable, but a battle indeed. + +Without a known catalyst, this will be *extremely* difficult to win. Many things could happen, from whales jumping in to last minute news such as Cohen being named CEO (a leading theory regarding Ryan Cohen's mysterious tweet). + +Tomorrow, I expect the opposite reaction from today. Before I elaborate I would like to remind everyone: I am not a financial advisor, nor am I a wizard. I could be completely wrong about all of this. So please, do your research, make your decisions. Don't base your financial choices off of my one opinion. + +I digress, I expect an opposite reaction tomorrow with all the diamond handed apes riding whales screaming war cries in their final push before entering the gates of Valhalla. So I expect a massive run-up right at open. The question is...will it be enough? **Pay close attention to volume tomorrow and pay close attention to important resistance points we say today: 135, 152,155, 170.** + +If volume low, that means everyone is waiting for everyone else to do something; this is assuredly a losing strategy. There will need to be a significant amount of volume to break through the first wall at 135. Hold on. + +To make this more clear it is actually good to think of this like war. Imagine volume as the number of troops you have and imagine each resistance point as a gate you are storming. If you don't have the troops (volume) to break through the first gate (resistance point), you will need to regroup (consolidate) and try again. But each of these attempts uses more and more troops (volume), which means less (troops) to fight break through the following gates (resistance points). + +So pay attention to volume and pay attention to resistance points and how many attempts you are taking to break each one. Without a general (a catalyst/whale) this will be a very difficult and potentially bloody battle tomorrow. + +From the oppositions perspective, they have two options. They could either bring troops out to meet you (try to force the price down right at open) or they can sit behind their gates and hold the line (bull trap). As I mentioned before, my guess is they will bull trap, why? Because that's what I would do. If we knew you couldn't break the 170 resistance on the first attempt with your whole army, why would we be concerned about reaching it with less troops? Again, volume is key to monitor. + +If you see low volume + sharp price increase, it is likely the bull trap I am expecting, so have buy orders ready to go near resistance points and don't waste your resources trying to climb to them. + +If you see high volume + sharp price increase, then they probably sent troops out to meet you but you are winning. + +If you see low volume + sharp price decrease, then it seems your reinforcements haven't arrived and you will need a miracle to save you. + +If you see high volume + sharp price decrease, then they are winning. + +If you are driven back then at least you are driven to reinforcements (IE: If the price is sent downward then it will be a good buying opportunity for more people to jump in and help the fight). Again, volume here is key. If you see a bounce back, make sure the volume is high enough to justify it, otherwise you are charging back into battle without enough reinforcements and will certainly lose. + +**After Tomorrow** + +Until April I see potential for a squeeze, one even larger than the first. But every day that passes, every micro-squeeze in between weakens our side. Play it smart. Sell at what you think is the top, buy back in at the bottom. Rinse. Repeat. This gives each person more and more capital on every attempt. Placing buy orders around the resistance points to help break down the gates is essential. I want to clarify here, the only people who should be playing this are ones who are long on GME to begin with. At some point, this will all settle down, come back to Earth and you will be left with a lot of shares (especially if you keep selling and re-entering). + +The reason this works is because it's literally exactly what the shorts want. **The shorts want a short squeeze.** Yeah see, I said it. Everyone on every side is profiting on this phenomenon aside from the few casualties (bag holders) caught in the crossfire. They drive the price down by shorting it, then they cover to help trigger the short squeeze. You all ride it on the way up allowing them to open new very favorable positions not possible on other stocks and they ride it back down. The cycle continues. + +This is going to be the unfavored opinion, but the notion of diamond handing it til death isn't a winning tactic unless you have the capital to continue adding at the bottom. To win the war, that capital must be generated and what better way than this infinite game of profitable yo-yo? + +**Diamond handing worked when there was 226% short interest and that is no longer the case.** + +**Diamond handing does not force a short squeeze, it only did the first time due to these conditions.** + +**Diamond handing worked because the shorts would be screwed if there was no one to buy their shares anymore, this is no longer reality. People are willing to sell their shares, if the price action doesn't convince you of that I don't know what will.** + +There is only one way to force a short squeeze. **Power.** Buying power that is. + +Again, I am not giving advice. This is my perspective and how I think a squeeze is possible WITHOUT a catalyst. + +**TL;DR:** I am not a spreader of FUD, I am a realist. If you are going to continue playing GME then you should find a way to profit from it. Volume is key. Important prices are: 135, 150, 155, 170, 200. The potential for tomorrow squeezing certainly exists with us finishing off at $106. They would have needed to send it much lower to make this be over. However, without a catalyst it will be a difficult battle indeed. This very well may have been the second squeeze, but as I mentioned in Part 4, I don't expect it to be the last one if it is, in fact, over. + +\*Disclaimer: I am not a financial advisor, I am bullish on GME, this is a risky trade, thanks for reading.\* +Hi my wife and I recently married and now live together. + +I currently make £1800 after tax and she makes 950 after tax. We both want to contribute to the joint account fairly and mainly proportionally. + +We cant wrap out heads around if I should be contributing double the amount to the joint account or triple, we've gone over it so many times it stopped making sense lol. + +So her £1 to my £3 +Or her £1 to my £2 + +I'm sure a fresh head will find this easy, thank you in advance! +1.) You sell all of your crypto (possibly at loss), cash out and never bother again. + +2.) You send all your crypto to a hot wallet like Electrum or Exodus and hodl indefinitely + +3.) You get a cold wallet, store them there and quietly use them, either on deep web or P2P generally + +4.) Move abroad, in a country where cryptos are legal + +&#x200B; + +Personally I'd go for (3) . I think its really cool trading crypto, being financially free, even if price goes downwards. What would you do in such a post-apocalyptic scenario ? +Hi All + +I thought I would share the way I manage to save money. + +I have always struggled to save and no matter how much I earn I’d always end up in my overdraft every month. After a lot of trial and error I have discovered the way that works for me. It involves paying myself on a weekly budget and utilising online bank accounts. + +I get paid into my normal UK current account and have all my direct debits running from here so they are looked after. I then give myself a weekly budget based on what I have upcoming that month and how much additional cash I put through the previous month. It’s usually around £100 - £150 per week. I then have a standing order of this amount into an online bank, I use Starling but there’s others around like Revolut. + +I then use this weekly budget for my food, transport and fun money. It’s a glorified weekly budget method but utilises modern banking so you can see where you’re spending your money. I can see exactly where my money has gone each month and how to plan for this going forward, something I struggled with just tapping away with my normal debit card. + +I now save over £500 per month and haven’t really noticed anything I’ve gone without. This method really helped me crack worthless spending! + +Edit - for those wondering I move whatever is left in my main account at the end of each month to my Moneybox lifetime ISA for my house savings :-) +Hi all, + +I hope you're well at this difficult time? + +Due to my mental health issues (Paranoid Schizophrenia etc), I reside in a NHS facilty which provides all the help needed to keep me living as independently as possible. Over the last few years, I've noticed a rapid rise in the amount of new build properties being constructed and, there seems to be a terrible reputation from what I've heard being discussed. + +For example, Persimmon are building a whole estate and constructed a row of six terraced houses behind us which I could see being built easily - they literally went up in a number of weeks. Rather than the stone used in our building (and all the other buildings around us), these new properties seem to have a timber frame? The wood looked very flimsy. + +Once finished, I noticed how utterly characterless they were. The roof on this particular terrace is black with (what looks like) plastic tiles, the walls are simply white render and the window ledges cream. There are only two very small windows at the front of these houses and a front door onto a 5/6ft "garden" with grass that looks awful already, no garden has a flat lawn. + +At the back, it's much the same meaning there are only four small windows and two cheap looking doors in these properties! Looking online, I can see the maximum width of the houses are 13.1ft (3.99M) which is smaller than the room I have here. From the brochure, you literally open your front door into the sitting area with only a kitchen and tiny WC downstairs. + +Upstairs, there is a "family" bathroom and two bedrooms - absolutely no storage space at all. I was told from one of the staff here that the walls are not brick anymore, that they use wood boards? If I remember correctly, the brochure had a floor plan and, the total area was about 55 square metres. I don't know how this is acceptable, people need space. + +Everyone I ask tells me the houses here will still be standing when these new ones are being demolished. Oddly enough, even though they look terrible, they are very expensive and I don't understand how these prices are justified. They all look exactly the same and, I just get the feeling they're not built with pride and simply for profit. + +What do you think? + +EDIT 11:10 on 12/09/20: + +Wow, what a fantastic response! + +I never expected so many people to take the time to comment on my post, it has been extremely interesting reading through all your thought/opinions thus far. I'm learning soo much and, it just goes to show what a great subreddit this is. + +Thank you, + +John. +Welp...this would have looked a ***lot*** better if I had done this a couple weeks ago. But c'est la vie. + +I've been posting my family's net worth updates annually for many years (see [2015](https://www.reddit.com/r/financialindependence/comments/308xtv/on_track_to_re_by_50/), [2016](https://www.reddit.com/r/financialindependence/comments/4a6oww/one_year_update/), [2017](https://www.reddit.com/r/financialindependence/comments/5ynkqi/two_year_update/), [2018](https://www.reddit.com/r/financialindependence/comments/838e92/three_year_update/), and [2019](https://www.reddit.com/r/financialindependence/comments/b44qvp/four_year_update/) updates); I find sharing my plans and progress to be helpful for giving myself a heading check, and hope this community finds my inputs to be helpful. + +**Current ages: 34 and 33**. We have two kids and are now (finally!) seeing a slow wind-down in childcare costs as they start to reach school age. It's still a hefty bill, but we've always managed to keep it reasonable through dependent care FSAs and credit card churning. + +**Combined pre-tax income**: About $196k (\~5.9% increase). In my very first post back in 2015, I mentioned that we had a goal of reaching $200k income by 2020. And here we are! My wife gets her raises later in the year, which will officially push us over the top. For reference, we don't live in a major metro, and things are in the low to medium cost of living range. So this is big money for us. + +**Assets:** + +Cash/emergency fund: \~$44k (10% increase). We're doing some work on the house, so building up cash reserves. More in a bit on that. + +Tax advantaged Retirement/HSA accounts: \~$484k (12% increase). This was looking awesome until the recent COVID-19 panic a couple weeks ago. Then it went down $50k. Oh well. We're now maxing out my TSP, my wife's 401k, both Roth IRAs, and about $4,100 towards an HSA. Almost out of tax shelters. + +529 accounts: \~$36k (12% increase). We're contributing about $3k/year for each of our children - our plan is to cover \~75% of the total cost of a public university in our state, including housing and food. A change here is that we converted a portion of these over to our state's prepaid tuition plan. Our state has a good one at a reasonable cost that will give you full value if they end up going out-of-state; I recommend you read your state plan's details very carefully before you do this though, because most prepaid tuition plans suck. + +Taxable investments: \~$9k (25% decrease). In a bit of good news, we coincidentally sold some of our index funds here about a month ago, not in an attempt to time the market, but just to pay for some home repairs/upgrades. As we run out of tax shelters, most future raises are going to go here, so this account should start seeing big growth later this year. + +Vehicles: $31.6k KBB value of three cars (13% decrease). Same cars as last year, just depreciation. The Chevy Volt's amazing, by the way. We just put gas in it yesterday for the first time this year. It's March. + +Home: Using Federal Reserve MSA home index, our home value is now \~$577k (10.5% increase), using Zillow estimate is currently $653k (11.6% increase). This feels high to me, but our local market has seen great gains over the last year. Our house is over 20 years old and has some basic things that need fixing - old furnace, old water heaters, double paned windows that are failing, etc. Additionally, we're going to replace the roof and install solar. To pay for these repairs/upgrades, we're using a combination of cash and are in the middle of a cash out refinance, because holy shit have y'all seen interest rates lately? + +**Debts:** + +Mortgage: $272k at 3.125% (3% decrease). I never thought I would see lower interest rates than what we got in 2012. But we just locked in a 2.875% 30 year rate through our credit union which should close in the next month or so. This is so absurdly low for long-term debt that we would never even consider paying it off early. + +Home Equity Loan: $44k at 4.75% (7% decrease). This will be rolled into our refinanced mortgage, so should disappear soon, and will significantly increase our cash flow. + +Car Loan: $20k at 3.1% (17% decrease). For the Chevy Volt. + +**Net Worth Estimate:** $846k using MSA Home Index (\~17% increase), $922k using Zillow (\~18% increase). We were *really damn close* to hitting seven figures a couple weeks ago, which I'm a little salty about. But maybe we'll still hit it by later this year. + +**Current plans going forward:** Between our retirement accounts (including matches), 529s, and HSA, we're up to like $70k a year towards tax advantaged savings. Soon we'll be able to max out the HSA, then we can start working on building a tier of taxable investments. Our goal is to be able to FIRE if we want to by \~2030 with \~$100k income. Feels like we're [pretty on track](https://imgur.com/szNZgiU). + +So there we go for 2020. See y'all again next year. +Does anyone feel like the Canadian equities market is so poor in diversity? Its mainly financial services, energy, and telecoms. Everything else is extraction of natural resources. My portfolio already consists of 60% banks and 20% Enbridge, and I want to diversify my Canadian holdings, but there feels as though there is no additional industry to diversify into. +Is investing in foreign equites markets really the only way? +#What does DRS even do? + +When you register your share with computershare a system called FAST electronically **moves your share certificate from the brokers account** at the DTC to a different account called DWAC. + +This account is referred to as Deposit/ Withdrawal At Custodian (**DWAC**) + +#Why is this important? + +Shares held in this account are registered with computershare. They have access to and can see the Specific Share Identification which is your shares social security number. +(Your broker cannot give you this number because you don’t actually own real shares held in “street name” by your broker) + +**MOST IMPORTANTLY: Shares in the DWAC account are unavailable for lending to short sellers.** + +Brokers cannot use the shares in this account, they can only lend the shares held in their own account at the DTC. + +#It also makes it so your shares CAN NOT be used as a locate to reset an FTD obligation. + +Which are proven ways how our beloved stock is being suppressed. + +**I really don’t think there is anything else anyone needs to know.** + +Closing notes: + +A long time ago, investors became concerned about getting their portfolios if their brokers went under. The DRS was created in 1996 for those who didn't want their stock registered in the name of their firm. + +Here is a link to the SEC website that very clearly outlines the difference, as well as pros and cons of shares held: + +“In street name at the broker” + +“Directly registered and recorded on the books of the company who’s share you own” + +“Physical share certificate” + +[HERE IS THAT LINK TO SEC WEBSITE](https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html) + +Lock the float so RC and his team can move GameStop off this fucked up exchange. + +#DRS is the way. + +Edit: PS: I like options. I use options and I advocate that every single investor should know how to use them. They are an epic investing tool. + +I just like DRS more. We’re going to be the first group of retail investors IN HISTORY to lock the float of a company and prove the viability of the DRS system. We’re a part of a movement. **DRS IS THE MOVEMENT.** And all of us together are going to make economic history. (Individually of course😂) I want to be a part of that. + +Final though: Options didn’t take GME to $1,000,000 last January when the price was much lower and several people could and were exercising their rights to receive shares. Why would this time be different? Open discussion welcome. +Nordic broker Avanza had a pause on DRS until Monday this week and I’ve seen that the stocks has been at my bronkers account the whole week. + +Today I noticed they’re also at Computershare. 👀 + +I’m not complaining, but feels like a total sh-tshow with GME at the brokers right now… + +Ps. My fingers crossed for all German apes that they find or buy your shares soon! +Nordic broker Avanza had a pause on DRS until Monday this week and I’ve seen that the stocks has been at my bronkers account the whole week. + +Today I noticed they’re also at Computershare. 👀 + +I’m not complaining, but feels like a total sh-tshow with GME at the brokers right now… + +Ps. My fingers crossed for all German apes that they find or buy your shares soon! +Example for Tesla, If I will buy a call option (at the money)on Monday and then sell it on the same week on or before Friday hoping the stock price will go up. What risks am I involved in? How can I correlate with theta and iv volatility? Can I still make some profits before the expiration? Thank you for helping me out I really appreciate it a lot. +I graduated college in the spring and have been working for almost six months now. My employer offers an option between a Traditional or Roth 401k, with a decent match. I selected the Roth 401k, figuring that it would pose more benefits to pay taxes now and withdraw at retirement tax-free (assuming tax rates are higher then). I have 100% of my Roth 401k in Vanguard Target Retirement Fund (VLXVX). I chose to do this because it has an asset allocation that is adjusted over the life of the fund and goes from aggressive now to conservative as I get older, and the fund is pretty well diversified on its own. + +I’ve been told to open a Roth IRA by multiple people now, and wasn’t sure if having both a Roth 401k and Roth IRA would be counterintuitive or not. For the Roth IRA, I was thinking of splitting it between VTI/VOO and SCHD. Is that a good idea, or is there too much overlap with VLXVX with that? + +My plan whether I stick with a Roth or move to a Traditional 401k is to max out the match, then contribute the rest into my Roth IRA. Any advice would be appreciated, thanks! +Asking for a friend- seriously. His wife works full-time but it's not enough to support the family and pay the mortgage. He reached out to me for ideas, and I have none. Any suggestions would be appreciated. +So the NRAI(National Restaurant Association of India) has approached the CCI over Swiggy & Zomato’s unfair competitive practices([Source](https://economictimes.indiatimes.com/tech/technology/nrai-approaches-cci-over-anti-competitive-practices-by-zomato-swiggy/videoshow/84146254.cms)). +Although Swiggy hasn’t responded to this news, Zomato has put out a statement that they’re willing to work with NRAI to resolve such issues. + +Will this affect Zomato’s upcoming IPO in any way? +I cannot seem to find enough information about joint accounts and how they work with respect to mutual funds, hence the post. + +My dad has asked me invest some of his monthly income and few lakhs in savings into mutual funds. I want to do it jointly with him, to reduce the complicated paperwork regarding nomination in case of death (He has heart condition). + +So I was wondering what's the best way to go about it. + +Kuvera has a joint account facility, though I'm not sure how it works. If I add him to my Kuvera account with his PAN and everything, would his investments be tied to my PAN too, since I will be the primary holder? + +Will the investments be under same folio number as mine with the AMCs or he will have different folio number? + +How would transfer of units in case of death work? + +Any help on how to best approach this would be appreciated. Thanks. +Let's talk the economy; recovery, structural or cyclical, what were the causes and what needs to be done? + +When do you think recovery will occur? Festive season is underway, monetary policy should be kicking in by the end of this year, Monsoon has been strong this year and base effect has winded down. + +Recovery occurred in Q2? Recovery to occur in Q3? Or like Niti Aayog, recovery in H2? + +What about the nature of the current slowdown? Is it cyclical or structural? Or is it a combination? What causes do you feel need to be rooted out? + +Slashing the Corporate Tax was a positive start but what more needs to be done? Labour/Agricultural/Land reforms? If so, what kind of reforms? + +Slashing personal income tax? Slashing GST rates? Simplifying GST? Heavy, heavy privatization of PSUs? + +And lastly, do you see a silver lining? Waking up the Government to reform? The mess in the banking sector being magnified? + +Let's discuss! +Hello fellow redditors. My question goes out to the veteran investors/traders who witnessed the financial meltdown of 2008. How was the market scenario leading up to the crash? Were there news channels warning people before it happened? Was it all normal and one fine day just boom? +With the notoriety of GAINS posts, such as from /u/WSBGod, there has been an influx of such posts with just a screenshot of gains and positions, which could easily be faked. While this was good enough when the community was small, and there could be at least some trust within the community, it's just not enough. I followed the speedrunning community and they had the same issue where with more and more people being interested in the subject, more strict proof rules had to be implemented. + + +I'm not sure exactly how strict it should be, and what proof would be enough, but not excessive, but these stupid "I started with $80 and now I have $10^9000 in a span of a week" have got to go. + +Personally, I would rather have people first declare their positions as they acquire them, with proof, and only after can they show off their gains & losses. +If Gamestop really does mint NFT collectibles to issue as dividends and they can be self custodied and traded on blockchain they could be just as valuable if not more than the shares themselves. Shorts have two ways out with a dividend announcement. Deliver shares owed or deliver the NFT to whomever they borrowed a share from. This could mean we never have to sell our shares, not a single one, we could sell an NFT. Gamestop could be giving us the best of everything with a dividend like this. Today I'm DRS 100%, I want the NFTs. It could be a double squeeze. + +Edit: more speculation. If GS owned the marketplace where the NFTs were sold they could collect a transaction fee netting a percentage of the sale resulting in massive revenues. + +Final edit: just DRS'd 200 more shares, totaling 300 shares registered. + + +[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!* + + +[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!* +You are young and life is long and there is time to kill today +And then one day you find ten years have got behind you +No one told you when to run, you missed the starting gun. + +Ya know after I found out I had a terminal brain tumor this became much more understandable. + +Edit: Good morning, I'm trying to respond to everyone personally but I just woke up. Also thank you very much for all of the positive comments both to me and each other. I can't work a traditional job but this works :) + +This post received a bit more attention than I expected wow. I'm trying to respond to everyone so if I missed you it was not intentional positive or not. +Received this letter in the post today, and wanted to get others' thoughts on the situation... + +I'm in IT (Software Engineering), and actually thought my deductions were reasonable and can be justified. + +Is this just a hollow threat, or is there something to it? +Are there others here in the same or similar fields that have the same level of deductions? + +https://i.imgur.com/kZ7x4On.jpg +I’ve never seen so many people steadfast in the opinion that once rates start rising next year, that most financial markets are going to tank. The market as a whole appears to be ‘expecting’ it. +For people who were investing from 2001-07, was the public discourse like this back then as well? +Surely the majority can’t be right here? +Maybe a sincerely dumb question, but how dos having a SegWit address affect your transaction fees? Do you pay a lower sat/byte fee? Are your transactions smaller bit-wise? + + +I tried searching for the answer to this question without much luck. Could someone give a nice explanation in two or three sentences? + +--- + +**Edit** + +I did not notice that this thread exploded the way it did as I didn't expect it to receive much attention. Apparently this is a much larger issue than anticipated, so i'll give a summary of the comments here. + +--- + +**Why are the fees lower?** + +SegWit transactoins are split into a Witness part and the transaction minus the Witness part. The Witness part goes into a special 'Witness' area of the block, which is not counted towards the total block size. The fee that is lifted over this Witness area is only 1/4th of that of the normal areas in the block, meaning you get a 75% discount on that PART of your transaction. + +Also, because a part of your transaction isn't counted towards the total blocksize, more transactions will fit into a single block. This implies that the higher the proportion of SegWit transactions, the lower the fees overall would be. + +**Do I have to recalculate my sat/byte fee?** + +No, you should input the same sat/byte fee as you would do for normal transactions. A usefull website to see the current transaction fees can be found here: https://bitcoinfees.earn.com/. +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. +I'm 21 years old and I'm investing for net worth / retirement, so my investment timeline is ~20-40 years (who knows where I'll be at 40). + +Various risk-tolerance tests recommend I have an 80/20 stock/bond split, and that seems reasonable to me. Currently my portfolio is worth $11k. + +I want to rebalance my portfolio because it's a mess of stocks (I.e. Canadian banks and telecom, Apple, energy, etc) and ETFs like VGRO, ZAG, etc. To be fair, it has grown $1200 (12%) in the past year, but these past 2 years are an exception in the market. + +I want my portfolio to have as few ETFs as possible to help make the process of investing more automated, as I'm going to be maxing out my TFSA this year, contributing $19k between March and December. And then maxing it out again each year with the added contribution room. + +So far, I like TEC and VFV, because I definitely foresee major growth in the tech sector long (and short) term, and the S&P 500 is, well, the S&P 500. I was also looking at ICLN (although it's USD) because clean energy is also on the rise. + +What portfolio do you recommend for me? + +Edit: here is my portfolio: https://imgur.com/a/tdhe53e +Hey everyone and happy new year + +I'm 20 years old and I'm looking to get started investing and saving more seriously. So far I have $6K in a TFSA that I opened a couple weeks ago, but I haven't invested any of it yet. This is money that I won't need for the next five years, possibly longer. + + +From my research and what I was told at my bank, mutual funds are a solid option for my position. Another option I've looked into is investing in individual stocks, but given my inexperience I'm leaning more towards mutual funds. I'd also like to keep adding to my investment with every paycheck, can I do this with a mutual fund? + +As I've said, I'm really new to the investing world. I'm open to any suggestions and information! +Hey, + +I thought I'd ask here rather than get bombarded with idiotic answers in r/weedstocks defending APHA and claiming it's a "great time to buy". + +Is it being propped up by retail Marijuana investors trying to double down on it? I can't find any related news other than the fact that a class action lawsuit has been filed against APHA which I'd assume would drive the price further down. + +It blows my mind how this company is still worth anything. Does anyone have any insight I'm overlooking? + +EDIT: Thank you for all the replies. I posted in here because I wanted to hear both sides of the argument and I think this post achieved that. I haven't edited the wording (for a better understanding of the comment section) in the original post above. Although I do retract some of the intense wording I used earlier. I also can't change the title because at the time of posting APHA.to was up 30%. Thank you for educating me further and not ripping me to shreds (for the most part). And yes, I do still maintain my viewpoint on r/weedstocks as I feel it's unreasonably bullish though I admit there are some excellent contributors who do excellent DD in that sub. Thanks r/canadianinvestor. + +EDIT 2: Can people stop downvoting good comments that even slightly criticize APHA.to. I can only imagine how badly this post has been downvoted. +I'm sure you're all aware that Terra had a fork and the original Terra was rebranded into Terra Classic. The fork, which is now the main blockchain and the new chain created with the existing Terra name, is worth less than a 10th of the useless and pretty much abandoned old chain that had its entire burn/mint mechanism, which was the main reason for its existence, fail and crash into the ground. + +Luna Classic is currently ranked #27 by market cap. This, alongside the likes of Safemoon reaching over $6B and Shiba Inu over $40B, are proof logic is irrelevant in this market. +Statera is a deflationary index fund catalyst. It works by being inserted in multiple different liquidity pools with an AMM (autobalancing pools). Because of the deflation there will be constant imbalance meaning the volume is much higher than in other regular liquidity pools. The wrapped version of Statera (which doesn't burn itself directly) is in a pool with regular Statera on Uniswap. Whenever an event of autobalancing occurs that includes either Statera or Wrapped Statera, there will be a ripple effect throughout the entire Statera ecosystem and all the pools creating more volume everywhere. This also creates arbing opportunities out of thin air, which in turn leads to even higher volume. Prior to Statera the deflationary tokens have failed because they haven't had a purpose, this is not the case with Statera as the deflation is both genius and crucial to how and why the ecosystem performs so well. The deflation also works on a macro level as the supply decreases (will never reach absolute zero) increasing positive price pressure of the token itself. + +Seems too good to be true? What about the contract and the devs? The contract is fully audited and IMMUTABLE. The dev team own less supply than some of the top holding wallets, after a flash-loan attack that happened on Balancer where they refunded 2M USD worth of tokens. They didn't have to do this, they were fully anonymous and Statera was a small cap project, yet, they did it. + +Are you wondering why the price dropped so much before it just now started taking off again? There was a whale with 6M tokens who dumped all of it over the course of months. As soon as he was done price did a 4x up to 0.12 from 0.03, but another unfortunate event happened as a Statera whale with 900k tokens downloaded metamask as a .exe file and got scammed for all his tokens. The scammer sold all tokens in a matter of days which caused price to drop back down to 0.05-0.07 cents for a while. It's one of the most if not THE most battletested and most decentralized token out there. It has survived everything and the community (consisting mostly of 4chan's /biz/ users for now) has started calling it "unkillable" and "inevitable". + +Quoting the Balancer devs "Statera works so well it's almost like it's gaming the system". +Considering that the American election is Soon, what are your expectations regarding its effect on the stocks. Specifically Americans stocks and US listed Chinese stocks. + +Im also curious if you think the outcome Will be different and if so, how do you think the outcome is going to be if Trump wins or if Biden wins + +If this is against the rules of this subreddit, I apologize in advance. +In case you all forgot, here's a timeline of what the fuck is happening: + +* [In an effort to hold onto liquidity, Kennyboi suddenly changes terms on investors, extending withdrawal period](https://imgur.com/a/L0On3MF) + +* [Kennyboi SELLS part of his empire to Sequoia Capital for $1.15B](https://imgur.com/a/Yam6IHG) + +* [Kennyboi claws back most of it's $2 Billion Melvin Investment](https://imgur.com/a/xHLUApR) + +* [In another effort to build liquidity, Kennyboi is now looking to sell even MORE of his empire by going public](https://imgur.com/a/br5YKzZ) + +You don't need to be fucking Nostradamus to predict where this story is going and why all of the aforementioned is happening. + +Kenny is **desperately** trying to keep his head above water - so desperate that he's willing to sell off chunks of his empire to literally *anyone* that's willing to invest at this point. + +The writing is on the wall - it's only a matter of time before the corner stone of his empire gets knocked out and it all comes crumbling down. + + + +🚀🚀🚀🚀🚀🚀🚀🚀 +I'm in my mid 30s and have a family with 2 kids. 2019 I moved to a tourist hotspot and sold 3 WI hotels to semi-retire with 1 hotel. Sales since COVID have gone up phenomenally. Pretty much I've doubled my NOI with this move. I'm into this asset for 6m. I have an offer for 12m. + +So my dilemma is two parts: comfort level & financial. Financially, does it make sense to sell for 4m net taxes or keep the hotel and make ~1-1.5m (NOI) annually. The caveat is the normal NOI may be 300-600k, I just can't tell with the COVID tourism impact. + +The personal stuff I just need to figure out if I really want to take a full pause. I have enough saved to retire anyway, even without selling. + +NW 15m annual spend 250k +As somebody actually living the fatfire path, the number of inane aspirational or just plain irrelevant posts has exploded and the community is not policing itself well. + +* This isn’t the sub for how to start making money + +* This isn’t the sub for cargo culting bullshit lifestyle polls like “what is the best time to wake up for fatfire?” + +* This isn’t the sub to gloat about the FAANG money you just started making after your B.S. + +* This isn’t the sub to figure out what your budget should look like + + +I am appealing to the mods to think hard how to control this issue + +**Edit: I think this topic has run its course. Message has been received. Mods feel free to lock/delete if you feel there’s too much bad mojo** +My dad died and I need to take care of my mom. What would be the best way to get decent monthly returns so she can have some income to hopefully supplement her soon to be received disability payments. I have my own investing portfolio at vanguard. Is it possible to put the life insurance money into a certain low cost fund that will pay out monthly? I'm not sure what vehicles I should be looking into to minimize tax implications while maximizing returns. This money needs to last upwards of 15 years before she can get at the 401k or social security payments from my dad. Any direction or guidance on the investing aspect is appreciated. I'm looking into a lawyer for the other things. +That’s right people. It’s rigged bitches. CCP has intervened and prevented not only short selling, but selling over a set amount of shares at once. + +The fucking ship is going down—SOON. Any of you still in disbelief and buying the dip and holding Chinese stock are going down with it. Oof. + +YANG and FXI all the way to the end of March. Sorry guys, these poor bastards are in for a fucking world of hurt beyond measure. + + +[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!* +There's an old story in Panchatantra, a collection of ancient children's stories in India that goes like this: + +The scene is set in a thick forest where greenery is plentiful and animals are chilled. Animals are at peace all doing what they do best. + +The fox is bored with this lovely life. Decides to cook up a story to have some fun. + +Says that there's a feast on the other side of the forest and starts running "towards it" and as he meets more animals, convinces them that they need to join him in the sprint to the feast. Initially hesitant, they join in for the treat, first a few hungry ones and then, as the word gets around, more and more, even the healthy ones. + +A large number of animals are now desperately running "to get to the feast" ... Which they believe to be true since "someone told them about it". + +Having achieved what he set out to, the fox decides to chill, stop running and enjoy the panic. He loves his creation. Laughs at the foolish animals who are headed to the invisible feast. "How clever" he thought of himself as he sat in the comfort of his favourite tree, seeing the huge crowds run. + +Days become weeks and months and an increasing numbers of animals are "rushing to the feast". Continues unabated. + +After a while, when this gets boring, the Fox tries to tell them that it's all a made up story and there is no such feast, and it's all make believe. But none of them will have it. They're only increasing their numbers and pace. Some think the fox is trying to talk them out of the feast for his own selfish gains or that he's too lazy to participate in the feast. + +He can't seem to ignore that the crowds are increasing with days. Finally one day the fox thinks "I know there isn't any real feast, but WHAT IF IT'S TRUE"?! + +The fox decides to join the run too. + +This story has nothing to do with the bull run, since this was set before shares and options were invented. Just saying. +I'm 26F, working for the NHS, band 7, £46k ish including London weighting. Will likely be on around £50k in a couple of years (NHS salary increase hopefully in May, and standard 2 year jump in 2022). + +I'm currently renting in London, and plan on staying here long term, as I love my job and it's incredibly niche, so wouldn't be able to do the exact same thing anywhere else in the country. + +I've got around £17k saved up across a LISA and a S&S ISA, and my mum is looking after a £20k inheritance for me, ready for when I want to buy somewhere. + +I've worked so hard to be where I am, in a job that I love and earns decent money. But I'm just feeling a bit disheartened, like I can never afford to buy, unless I buy with a partner?! + +My options seem to be: +- buy with someone else (I'm single and don't want to risk buying with a friend) +- help to buy equity loan (don't want to get a new build) +- buy outside of London (I spent two years commuting into London from my parent's home and it was soul destroying) +- keep saving and buy somewhere in my 30s + +I figure I can get up to a £250k mortgage in a few years? And then I'm hoping to save approx £1k a month (pretty doable). So possibly a £300k-£350k flat in the next 5 years? + +Am I missing something? Or is it just a fact that most homeowners in London are couples or very wealthy? + +EDIT: +Really grateful for all of the advice on this thread (and on this subreddit in general - one of my faves)!! I think I've been rushing to be in a position to buy somewhere, because it's one of my biggest goals in life. But you're right, I'm still young and a lot could change in the next few years. I'll keep plugging away and saving up so I'm in a better position. +at a price of 10-11k per coin. Wife strictly forbid that. So... I'm divorced. I'd like to put down about 20k, but at this price it certainly worries me. Would any of you guys that know exactly what your doing, (opposite of myself) buy right now at 65k per coin, or would you wait for a price correction, or lower price per coin? Really upset I didn't do this last year, but I still want to get into this market. Any advice would be greatly appreciated. Thanks a lot guys. For any positive, and negative comments. +Here are the ICOs that you should all be looking out for this month in my opinion, feel free to add whichever you think is missing in the comments. + +Ambrosus: https://ambrosus.com/ ICO is ongoing. "Combining high-tech sensors, blockchain protocol and smart contracts, we are building a universally verifiable, community-driven ecosystem to assure the quality, safety & origins of products." (Some serious credentials on the people behind this one) + +Wanchain: https://wanchain.org/ Whitelist closed, ICO starts October 3. "Wanchain seeks to create a new distributed financial infrastructure, connecting different blockchain networks together to exchange value." ( A lot of people from Factom advising this project) + +AION; https://aion.network/ The ICO is on October 3. "A multi-tier blockchain system designed to address unsolved questions of scalability, privacy, and interoperability in blockchain networks." + +AirToken: https://www.airtoken.com/ ICO Starts October 5. "We want to enable the billions of offline and pre-paid mobile subscribers in emerging markets to have access to capital for both data, the fuel of the smartphone, and eventually digital and physical goods within the mobile ecosystem. Our vision is a world where anyone with a smartphone can enjoy unrestricted access to the internet." (Harvardlaunchlab Ventures) + +RNDR: https://rendertoken.com/index.html ICO Starts October 5, Registration is open "The first network to transform the power of GPU compute into a decentralized economy of connected 3D assets. We aim to make it possible for any 3D object or environment to be authored, shared, and monetized through the Ethereum blockchain protocol." (Serious credentials on the people behind this project aswell, cap is on the high side at 136m but still worth checking it out.) + +RedPulse: https://coin.red-pulse.com/ ICO starts October 8, Whitelist is already closed (I think?). "China’s economy is already the 2nd largest in the world in terms of nominal GDP, and 1st in terms of purchasing power parity (PPP). However, as a market for investment and industry participation, it remains incredibly difficult to understand. This disconnect presents a huge opportunity to platforms and services that can bridge this informational gap. The problem is made all the more challenging to solve by several critical circumstances." + +Airswap: https://www.airswap.io/ ICO starts October 10, Registration/KYC Opens on the 4th I think. "AirSwap is based on the Swap protocol, a peer-to-peer protocol for trading Ethereum tokens. Many existing exchange designs suffer front-running and race conditions. AirSwap was built with fairness in mind and sidesteps these issues." + +Request.Network: https://request.network/ ICO Starts October 13, Registration closed (over 21k people on their slack) "A decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment." Found this blog very interesting, gives a detailed explanation of what they are aiming for: https://blog.request.network/omisego-vs-request-network-a-detailed-analysis-779d1f66675b + +Grid+: https://gridplus.io/ ICO starts October 30. "Grid+ leverages the Ethereum blockchain to give consumers direct access to wholesale energy markets. This decreases costs, shifts production closer to demand, and moves us all toward a cleaner energy future." (Backed by Consensys) + + +Most of us are living as wage slaves. This is shouldn't be the norm. There is only one life to live and we spend it as wage slaves. The system is built to profit billionaires. System doesn't care about us. + + I'm not aganist working but wage slavery is bullshit. + +Crypto seems like the only hope for us, average people. + +I hope we all make it. +Do you really think that GameStop would release an NFT just for shoppers who spend $200 and not release one to shareholders who are direct registering their shares and are becominginfinite hodlers? + + +They knew we would be early adopters of the GS Wallet. + + +They knew we would be early adopters of the NFT marketplace. + + +They know how fast we are DRSing our shares at an alarming rate. + + +Why on earth would they release NFTs to shoppers for a very low amount of spending ($200) while most of us have probably $10k wrapped up in $GME? + + +What’s even better? The DTCC said the stock dividend went off without. A. Hitch. + + +That means there will be no trouble giving NFTs to brokerages for shareholders on their platform. All stocks are accounted for, **including the ones as tokenized stocks on FTX, which could be tens of millions of shares that are backed up 1:1.** + + +Tinfoil theory: We will never have to sell our shares. Brokerages, DTCC, and who ever else is wrapped up in this will have to purchase the NFTs at whatever price we want and the money will be stored right in our GS Wallet. At some point, a debit card will be added to our wallet that we can use to spend in the real world. + + +This is genius. +Credit Suisse issued the following PR: + +https://www.credit-suisse.com/pwp/cc/doc/credit_suisse_age_event_acceleration_xiv_etns.pdf + +Credit Suisse AG Announces Event Acceleration of its XIV ETNs +New York February 6, 2018 Credit Suisse AG (“Credit Suisse”) today announced the event +acceleration of its VelocityShares™ Daily Inverse VIX Short Term ETNs (“XIV”) due to an +acceleration event. The acceleration date is expected to be February 21, 2018. +Since the intraday indicative value of XIV on February 5, 2018 was equal to or less than 20% of +the prior day’s closing indicative value, an acceleration event has occurred. Credit Suisse +expects to deliver an irrevocable call notice with respect to the event acceleration of XIV to The +Depository Trust Company by no later than February 15, 2018. The date of the delivery of the +irrevocable call notice, which is expected to be February 15, 2018, will constitute the +accelerated valuation date, subject to postponement due to certain events. The acceleration +date for XIV is expected to be February 21, 2018, which is three business days after the +accelerated valuation date. On the acceleration date, investors will receive a cash payment per +ETN in an amount equal to the closing indicative value of XIV on the accelerated valuation date. +The last day of trading for XIV is expected to be February 20, 2018. As of the date hereof, +Credit Suisse will no longer issue new units of XIV ETNs. +On February 2, 2018, the closing indicative value was USD 108.3681. None of the other ETNs +offered by Credit Suisse are affected by this announcement. +˙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 +Hi, + +If I get a dividend inside a TFSA account, does that increase my tfsa contribution amount? + +I know if you take out from tfsa that year, you will get the room back next yr plus whatever that years contribution room is. + +&#x200B; + +Let's say I max my tfsa (50k in dividend stock and got $500 dividend), and take that dividend $500 out, will my tfsa contribution amount increase to $50500? just like when you gain from capital growth? +I personally do not like the new web UI one bit. I disliked the new UI so much I was seriously considering moving to another platform until I found out you can still access the old url by directly typing in the url (my.questrade.com/trading). I thought everyone hated it. But perhaps I fell victim to confirmation bias. I am curious to know what percentage of people like or dislike the new web UI hence created this poll. + +[View Poll](https://www.reddit.com/poll/pysb16) +Just curious who out there has heard of Loopring? +And what about all the adaptations they are implementing to Eth Availability and access as far as fees go. +Apparently they are adding a counterfactual crypto, NFT wallet, they will have a trading platform, and may even be partnering with gamestop. How does the Eth community feel about this? +I have been thinking of value investing some small funds monthly in some shares for long term. I had been reading some annual reports to understand the business but many on this forum said that Indian cos likely fudge their books so the annual report can't be trusted. + +I asked a friend who works in PWC and he agreed saying that only Blue Chips had probably genuine reports. + +Should I give up the idea of value investing on shares and only go for MF? + +Thanks. +So... + +TL;DR at the top for the apes who can’t count to 10: + +**Finnhub.io API reported a daily volume of 3.2 BILLION for Gamestop today. Most other sources show a mere 6.2 Million. What the hell is happening?** + +Edit #9 (see other edits at bottom, bumped this to top because it is important) - /u/barsa00 pointed out that the Finnhub data has been updated to show today’s volume as 6,196,100. I am seeing the same outcome in my code. Looks like the data has been ‘fixed’. This is as of 8:57 PM 04-06-2021. I plan to check for this abnormality in after hours tomorrow. + +We’ve all likely heard of the [x billion volume ‘bug’ on Think or Swim.](https://www.reddit.com/r/GME/comments/mdcy3x/185_billion_buy_volume_18375_still_showing_in/) + +Glitch this, easy to explain that. Yada yada yada. + +Anyways today, out of curiosity, I was playing with the [Finnhub Stock API.](https://finnhub.io) This API allows you to use python to analyze and survey financial data from stuff as simple as current stock price to stuff like mutual fund holdings and stock split history. + +My main goal in my wanderings was to compare today’s LOW volume which was ~5 million at 3:00 PM EST, to historical volume data for the past three months. + +All was going well - my findings were lining up to my original inklings that today was set to be the lowest volume day in the past three months. + +I set things aside for a bit, only to come back (after market close) and find that the data had changed. Like, SUBSTANTIALLY CHANGED. + +Today ended as not the lowest volume day in the past three months, but instead the HIGHEST VOLUME DAY IN THE PAST THREE MONTHS. + +Here are my findings: + +**Volume (in ascending rank) over last 90 calendar days (there were 61 trading days):** + +Rank | Volume | Date (MM-DD-YYYY) +:--|:--|:-- +1|6,129,276|01-07-2021 +2|6,481,960|01-08-2021 +3|7,060,665|01-12-2021 +4|7,565,215|02-23-2021 +5|8,175,030|02-16-2021 +6|8,393,834|03-31-2021 +7|9,260,795|02-17-2021 +8|9,334,345|04-01-2021 +9|10,042,175|03-29-2021 +10|10,061,505|03-22-2021 +11|11,799,914|03-18-2021 +12|13,056,725|02-11-2021 +13|14,034,300|04-05-2021 +14|14,429,145|03-23-2021 +15|14,573,264|02-12-2021 +16|14,828,238|02-19-2021 +17|14,927,612|01-11-2021 +18|16,481,589|03-17-2021 +19|17,094,924|03-30-2021 +20|19,273,882|03-03-2021 +21|19,476,021|02-22-2021 +22|23,990,555|02-18-2021 +23|24,177,877|03-24-2021 +24|24,226,187|03-15-2021 +25|24,677,297|03-19-2021 +26|25,687,282|02-08-2021 +27|25,845,899|03-12-2021 +28|26,843,082|02-09-2021 +29|28,312,493|03-11-2021 +30|30,733,673|03-05-2021 +31|32,606,893|03-04-2021 +32|33,471,789|01-20-2021 +33|33,783,044|03-02-2021 +34|35,422,867|03-16-2021 +35|36,455,036|02-10-2021 +36|37,382,152|02-01-2021 +37|37,430,672|03-26-2021 +38|39,099,331|03-09-2021 +39|42,698,511|02-03-2021 +40|46,866,358|01-15-2021 +41|49,793,965|03-01-2021 +42|50,566,055|01-29-2021 +43|50,962,337|03-25-2021 +44|57,079,754|01-21-2021 +45|58,815,805|01-28-2021 +46|62,427,275|02-04-2021 +47|63,565,620|03-08-2021 +48|71,570,566|03-10-2021 +49|74,721,924|01-19-2021 +50|78,183,071|02-02-2021 +51|81,345,013|02-05-2021 +52|83,111,740|02-24-2021 +53|92,194,154|02-26-2021 +54|93,396,666|01-27-2021 +55|93,717,410|01-14-2021 +56|144,501,736|01-13-2021 +57|150,308,766|02-25-2021 +58|177,874,000|01-25-2021 +59|178,587,974|01-26-2021 +60|197,157,946|01-22-2021 +61|3,223,112,896|04-06-2021 + +Now... we all know this isn’t true. I cross-referenced other sources which all show ~6.2M as of market close today, 04-06-2021. + +So you’re probably wondering: where does Finnhub obtain their data? + +> Market data & corporate actions are sourced directly from the exchanges (ASX e.g), ActivFinancial, EDI and QuoteMedia. +Fundamental data is sourced directly from companies' filings which we make available in SEC Filings endpoint and International Filings endpoint +ETFs data is sourced from Issuers' filings and public websites. + +Apes - this is absolutely madness. + +To ensure I wasn’t going insane, I checked several other stocks (AMC, TSLA, AAPL). Of the others I checked, only AMC was showing this ridiculously inflated volume reported for today. + +I encourage you all to participate in solving this volume mystery however you might see best fit. + +For the wrinkle brained, code happy apes - play with [Finnhub](https://finnhub.io) data to see what you can find yourself. + +For the smooth brained, mom’s basement apes - ask me questions. Any other data you would like to see? + +Obligatory 🚀 + +Edit #11 - /u/HolyPhoenician did some amazing work and actually [charted the data from my post.](https://reddit.com/r/Superstonk/comments/mlnvor/_/gtn2xmc/?context=1) + +Edit #10 - /u/bosorioo found this same data anomaly. [Here is their comment with the raw data and a pastebin linked to the parsed data for anyone looking for that.](https://reddit.com/r/Superstonk/comments/mlnvor/_/gtmxz2h/?context=1) + +Edit #9 - /u/barsa00 pointed out that the data has been updated to show today’s volume as 6,196,100. I am seeing the same outcome in my code. Looks like the data has been ‘fixed’. + +Edit #8 - somebody asked for the [data for AMC.](https://reddit.com/r/Superstonk/comments/mlnvor/_/gtmqcpo/?context=1) + +Edit #7 - there were actually 61 trading days in the past 90 calendar days. My original table was missing a data point. Fixed now. + +Edit #6 - in response to edit #5, the data for today shows up on some API requests but not others. Don’t want to start any conspiracies here as my sole purpose of posting was for us to analyze objective data points however the data is behaving strangely. Could be my bad code, could be craziness on the back end. This is as of 7:44 PM EST 04-06-2021. + +Edit #5 - was continuing to work with the data at all - like the day just doesn’t even exist anymore - and it is no longer showing today’s data as of 7:35 PM EST 04-06-2021. + +Edit #4 - improved formatting again by removing ‘(Ascending)’ note after Rank header. This makes it all look better and I note that the data is in ascending data in the text line before the table. + +Edit #3 - improved formatting of the data. I know several people were wanting to play with the data themselves so hopefully this helps with that. + +EDIT #2 - added commas to the volume, changed ‘v’ and ‘t’ to ‘volume’ and ‘date’; added short explainer prior to the data to ease consumption for dumb apes. + +EDIT #1 - explained the ‘v’ and ‘t’ in the data. Made note to update format of the data later tonight. +https://hoge.finance/ + +Doge-style memecoin but defi focused with a fair launch (no presale bullshit). + +These things can go 10-100x like Shib did within a day. + +No refunds. Use your own discretion. Not financial advice. +I’m fascinated with the concept of the Aspirational Australian. We know that they helped win Liberals the election with the “Death tax” fears (because these aspirational Australians aren’t rich yet but they are sure they will be soon, therefore they don’t want to remove the franking credits). + +I can apply this term with another real world example. My boss is likely on $110Kpa. He pays $400 discounted rate for membership to the Qantas lounge. He takes ~10 flights a year and when he goes inside the lounge is crowded. He gets free coffee/beer and toasted +Sandwiches. Each lounge visit costs $400pa/10visits= $40 for this experience. + +But there is more to it. There is the feeling of being separated from the rabble and be treated with a superior level of service. My boss has almost “made it”. Of course he never had any spare money as it all goes on bills. + +Meanwhile I spend $3.80 on a Krispy Kreme coffee (hot tip, it’s always the cheapest at the airport and the price isn’t inflated by airport prices). + +Any books on this topic of someone who has almost made it? And wants to live like a VIP because that’s who they will be tomorrow? Fascinating concept. + +TLDR: Aspirational Australians as a concept. No wealth but living the high life. Fascinating. Discuss? Any books on this? + +Edit: maths +I just paid $270 for groceries that cost me only $100-$150 last year. That’s double. THAT’S FUCKING DOUBLE! “Inflation is 8.5%.” 8.5% up from what? Last week!? + +It’s literal class warfare. Food factories keep going up in smoke. Bill Gates is buying up all the farmland. Blackrock is buying up all the houses. Amazon’s products are getting shittier and shittier. BCG is actively ruining the American dream…. And the hedge funds are drowning in debt; over leveraged to the tits. + +I’m tired of all this bullshit. We have one fucking chance to fix it. One chance to balance the scales and punish their irresponsibility. Whether you’re here because of luck, brilliance, or your annoying buddy that wouldn’t shut the fuck up, it doesn’t matter. We have one chance to take back our lives. + +Hold until you see fucking phone numbers per share. This isn’t about getting your piece of the pie. This is about taking all the fucking pies that they’ve stolen and hidden away from the public for fucking decades. + +Warehouses full of delicious, life-fulfilling pies. I want to have enough fucking pies so that my great great great great great grandson can go grab a fucking apple pie whenever the fuck he wants. Or cherry, peach cobbler, rhubarb. I don’t give a fuck. He can grab a cake for all I care. + +Fuck I’m hungry. Is it lunch time yet? + +Anyway, I’m gonna hold until the price looks like a full fucking phone number. Do whatever the fuck you want but please don’t fuck this up for me. I want to watch them cry on the news when reality finally catches up to them. I want to watch Kenny and crew’s eyes go dead when each of them is sentenced. + +And Gary Gensler, or anyone else in the SEC, don’t you fuck this up for me either or I won’t rest until you’re charged too. +Recent Lotus Resources Presentation provided a comparative peers chart: + +[Lotus Resources Peer Comparison](https://preview.redd.it/h6e4tdnkd4m61.png?width=1388&format=png&auto=webp&s=74cc40dd9323f640c5045daf48f11998b540cd23) + +Lotus Resources' [new company presentation](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02351238-6A1023582?access_token=83ff96335c2d45a094df02a206a39ff4) has some great slides on the ASX peer comparative valuations of operations. + +Keep in mind this is a Lotus presentation so the information is directly biased. Though the overall comparison values are useful info. + +# China & India - Demand for Uranium to Surpass rest of world + +News starting to flow out of China that they are rapidly increasing their nuclear power uptake to move off coal and improve urban air quality. The Chinese government and local nuclear agencies stated in their 2021-2025 five year plan to increase power generation from 47GWe to over 70GWe from nuclear power within the next 3.5years!. + +The China National Nuclear Corporation (CNNC) also stated to meet the carbon neutral emissions target by 2060 that they would have to reach 180GWe from Nuclear Power by 2035! + +[Nuclear Fuel Report - Lotus Resources Presentation](https://preview.redd.it/6gus1klkh4m61.png?width=1383&format=png&auto=webp&s=ee40c59d46863bcc26e0c55ab6549ae2d83da451) + +Hot on the heals of the growing Chinese nuclear industry is also India. + +[India - nuclear Fuel Report - Lotus Resources](https://preview.redd.it/0gzvw0frh4m61.png?width=1400&format=png&auto=webp&s=9716a6dfabc8a051579cc90f01477ccc720e35bf) + +Some additional resources and interviews for your own DD + +[Original Uranium DD](https://www.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/) and ASX Top Uranium Picks (note LOT is one of my highest ratings) + +[Brandon Munro - China's Massive Uptake](https://www.youtube.com/watch?v=Uh8DSODdCTc) on Uranium and the Spot Market Explained + +[CRUX Investor - Lotus Resources -](https://www.youtube.com/watch?v=Qll0LWhE7rI) Interview with MD - $50million Capex puts Uranium Producer in Top Tier + + Please note that the uranium market isn't a pump and dump sector and don't get fooled into thinking you will double your money overnight. PEN for example has taken on a bit of a cult or meme following but with most people commenting that they are expecting immediate returns. But there is available leveraged returns on this asymmetrical risk vs reward supply vs demand thesis. + + These stocks wont be doubling when the uranium price doubles (currently US$28), but will be more likely to go up multiples (tenfold) on significant spot and contract price movement. This is anticipated for much later in 2021 and more likely into early 2022 when the supply gap is directly realised by competing u3O8 buyers (utilities). Right now though is the time to strategically build positions and prepare to hold the sideways and pip volatile movements - but only if the thesis and time frame meets your investing criteria. + +Don't get distracted by the noise or fooled by the immediate returns - take advantage when the opportunities present themselves. +Hey guys just letting you know I hopped on the brain-train today so you should expect a massive dump coming in the next few days. + +https://preview.redd.it/xsgnlaqr18m51.png?width=730&format=png&auto=webp&s=a2ca1b94c4d2b4a2c91b5a615250663c6a981470 +Recent Lotus Resources Presentation provided a comparative peers chart: + +[Lotus Resources Peer Comparison](https://preview.redd.it/h6e4tdnkd4m61.png?width=1388&format=png&auto=webp&s=74cc40dd9323f640c5045daf48f11998b540cd23) + +Lotus Resources' [new company presentation](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02351238-6A1023582?access_token=83ff96335c2d45a094df02a206a39ff4) has some great slides on the ASX peer comparative valuations of operations. + +Keep in mind this is a Lotus presentation so the information is directly biased. Though the overall comparison values are useful info. + +# China & India - Demand for Uranium to Surpass rest of world + +News starting to flow out of China that they are rapidly increasing their nuclear power uptake to move off coal and improve urban air quality. The Chinese government and local nuclear agencies stated in their 2021-2025 five year plan to increase power generation from 47GWe to over 70GWe from nuclear power within the next 3.5years!. + +The China National Nuclear Corporation (CNNC) also stated to meet the carbon neutral emissions target by 2060 that they would have to reach 180GWe from Nuclear Power by 2035! + +[Nuclear Fuel Report - Lotus Resources Presentation](https://preview.redd.it/6gus1klkh4m61.png?width=1383&format=png&auto=webp&s=ee40c59d46863bcc26e0c55ab6549ae2d83da451) + +Hot on the heals of the growing Chinese nuclear industry is also India. + +[India - nuclear Fuel Report - Lotus Resources](https://preview.redd.it/0gzvw0frh4m61.png?width=1400&format=png&auto=webp&s=9716a6dfabc8a051579cc90f01477ccc720e35bf) + +Some additional resources and interviews for your own DD + +[Original Uranium DD](https://www.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/) and ASX Top Uranium Picks (note LOT is one of my highest ratings) + +[Brandon Munro - China's Massive Uptake](https://www.youtube.com/watch?v=Uh8DSODdCTc) on Uranium and the Spot Market Explained + +[CRUX Investor - Lotus Resources -](https://www.youtube.com/watch?v=Qll0LWhE7rI) Interview with MD - $50million Capex puts Uranium Producer in Top Tier + + Please note that the uranium market isn't a pump and dump sector and don't get fooled into thinking you will double your money overnight. PEN for example has taken on a bit of a cult or meme following but with most people commenting that they are expecting immediate returns. But there is available leveraged returns on this asymmetrical risk vs reward supply vs demand thesis. + + These stocks wont be doubling when the uranium price doubles (currently US$28), but will be more likely to go up multiples (tenfold) on significant spot and contract price movement. This is anticipated for much later in 2021 and more likely into early 2022 when the supply gap is directly realised by competing u3O8 buyers (utilities). Right now though is the time to strategically build positions and prepare to hold the sideways and pip volatile movements - but only if the thesis and time frame meets your investing criteria. + +Don't get distracted by the noise or fooled by the immediate returns - take advantage when the opportunities present themselves. +**TL;DR:** + +* **Bezos' Amazon has links to Apollo Global ("mall shorter") with their air logistics network (Amazon Air).** +* **For years, Amazon/Bezos have taken advantage of subsidies/tax to the order $4 Billion. One trick involves opportunity zones, which Amazon can buy warehouses and wealthy investors (hedgies?) can invest in to not pay capital gains. An incoming fulfilment center can give 0 net jobs to a community.** +* **The hunt for a second headquarters HQ2, caused 238 cities to give up their data to Amazon, which it can now use to aggressively buy real estate and capitalize on more free money & tax subsidies, using this data against those very same cities.** + +&#x200B; + +https://preview.redd.it/tkng3a2a9xe81.png?width=1200&format=png&auto=webp&s=01754b1354e18360a7825c74db14a5150c14068f + +This is the Big Mall Short. + +In previous posts, I talked about how diving into Tuesday Morning being shorted to shit (92 days to cover) on its old ticker made me find its connections to CMBS loans. In Pt. 4, we figured out who was shorting American malls using a short bet against CMBX.6. This included Carl Icahn, Apollo Global (who tried buying GME in 2019), Mudrick (with ties to sticky floor), and MP Partners. I**n Pt. 5 we made the discovery of balls deep GME exposure in CMBX.6: arguably over 77% of #6 malls had GME stores in them, adding more credence to that GME’s naked shorting could have tied into the “big mall short”.** + +If you recall from Pt. 2, CMBS--or commercial mortgage backed securities--are a grab bag of loans to different offices, retail stores, and commercial real estate that you can buy or sell, or bet whether the price of all those leases will be paid off as those spaces do business. They’re often tied in with signed leases to these spots. **If many of those offices, retail stores, and commercial real estate spots fail, welp then they can’t pay their lease and the entire grab bag (CMBS) might go down. These leases can be made to offices or factories, but they can also be made to retail stores like Tuesday Morning or GameStop.** + +We also learned before that these loans can be bundled into bigger bundles (think the Jenga towers from "The Big Short") and can be bought, sold, cut up, or even be bet for or bet against (short). We've been looking at CMBX, which bundles many CMBS loans together. (For example, CMBX.6 contains GameStop, and was shorted against by some.) I**n this post, we circle back to a company and owner we are all very aware of, and how they might be gaming the whole system of commercial real estate to their benefit, all while fellow Americans looking out for their towns and cities ended up hurting themselves, all none the wiser. We can't tell the story of Amazon and malls, without telling the story of Amazon and commercial real estate first.** + +**Sections** + +1. **Bezos Buddies** +2. **Amazon & Apollo, Sitting in a Tree** +3. **Amazon Air** +4. **The Network** +5. **How They’re Fucking Us: Racks on Racks on Racks, No Tax No Tax No Tax** +6. **HQ2: The Greatest Trick That Jeff Bezos Ever Pulled** +7. **The Akira Blob** + +&#x200B; + +# 1. Bezos Buddies + +In Pt. 4, we saw how Carl Icahn and hedge funds looked to bet against CMBX.6, or "shorting" the malls inside (“the big mall short”). From that cast of characters, I did try to dig to see if there were any commercial real estate (or even retail CMBS links) that connected the “mall shorters” to Amazon outside of what we know many rich & hedge funds do: invest in Amazon's stock to make their balance sheet look good, or just to keep Marge from calling. + +Now sorry to disappoint in many ways. They all pretty much didn’t have any links. The second closest I could find was Mudrick Capital (who tried to "death spiral finance" sticky floor while it had its "mall short" position open) and its acquisition of Topps through its “MUDS” SPAC (special purpose acquisition company). Topps is a #10 retail item on Amazon’s website…and that’s it. That's the only link I found. Sad face. + +&#x200B; + +https://preview.redd.it/fi8940eumxe81.png?width=2036&format=png&auto=webp&s=a56b643dc5abd2f684b6678aa1267c13b481cc3c + +But remember, I said “second closest”. So let’s step back from Mudrick and turn our eyes to someone else: Leon Black’s Apollo Global. If you’re wondering whether Amazon has any links to this SHF betting on “the big mall short”, then you bet your sweet candy buttcheeks they are. + +# 2. Amazon & Apollo, Sitting in a Tree + +&#x200B; + +https://preview.redd.it/c24od4nymxe81.png?width=260&format=png&auto=webp&s=b8b0b96b2550ea62cd2f5b5dcd6972f16dae1c93 + +Apollo Global–who tried buying GME in 2019 with Sycamore, tried to “help” finance sticky floor with Mudrick Capital and D1 Partners, and was shorting malls in CMBX.6–had, at one point, been competing with Amazon in the web server space back in the day. Apollo Global bought Rackspace out from under Amazon’s nose back in 2016 as AWS was trying to expand. + +While Amazon bought out Whole Foods, Apollo tried to turn around FreshDirect & Sprouts. Apollo also pulled Amazon’s Carletta Ooton for their ESG. + +&#x200B; + +But Apollo Global and Amazon don’t always compete, especially recently. After Apollo recently threw nearly 2 billion at another grocer, Albertson’s, in the US, in July 2021 Apollo was eyeing UK foodshop Morrison’s, who partnered with Amazon. + +&#x200B; + +&#x200B; + +In June 2021 (a month after that bid for Morrison’s, Apollo also set up $750 million in credit facilities (money to lend) in part for aggregators of Amazon’s 3rd-party sellers. **And remember Rackspace? Turns out in 2020, rumors began that Amazon might buy a minority stake in the company. Those rumors grew as of a few months ago into rumors that Amazon might engage in a wholesale buyout of Rackspace from Apollo Global. Rackspace, for your reference, is a huge player in Amazon's Web Services, which makes Bezos & co. more money than pretty much anything else Amazon offers, including Prime.** + +&#x200B; + +https://preview.redd.it/7w1vobewnxe81.png?width=547&format=png&auto=webp&s=d36557fe8bebad8da2e55e6ebdc8d8cbebf6921c + +So surprisingly, there’s a shit ton of wine-ing, dining, and 69'ing between these two recently. But this pairing's true heart lies in the backscreen of Amazon's operations. For these two, it was logistics. And that logistics came in the form of an airline. + +# 3. Amazon Air + +&#x200B; + +[\\"Wee here I come Jeffy babe!\\"--Leon Black, Apollo Global](https://preview.redd.it/b4yh1g5hdxe81.png?width=1024&format=png&auto=webp&s=d8508c2a52d2d10c7d5311756387b6e6fbbb022a) + +**Between 2019 to 2020, Amazon settled on a partnership deal with airline Sun Country, which is owned by Apollo Global.** Sun Country, which went public last year so that it could trade on the stock market, had to originally delay its IPO due to Covid. Sun Country was a smaller low-cost & cargo regional airline. Most people have never heard of it, but a lot of you might know of at least one link to it. Remember that Braniff airplane at the end credits of old South Park episodes? Fun fact, it was former Braniff airlines staff actually came together to form Sun Country in the 80s. + +&#x200B; + +[You can kinda see the similarity with Sun Country's old plane above](https://preview.redd.it/je9ntkfqdxe81.png?width=480&format=png&auto=webp&s=ddcab1cac8c6c0efcbdc686625955fe66609d9d2) + +**Sun Country teamed up with Amazon to accelerate its air shipping distribution in Amazon Air, as it continued to deliver keep retail competitors on the ropes.** Sun Country would use its 10 Boeing 737s to support Amazon’s package delivery, while Amazon Air continued to expand. + +It was in the midst of that expansion that the Treasury Dept. also gave $45 million to Amazon & Apollo’s Sun Country during the pandemic in an emergency aid loan. **(And this is all while Apollo Global also benefited from at LEAST 1 other bailout during Covid.)** Sun Country’s loan was part of the emergency airline aid package approved in March 2020. It had applied for the money so it wouldn’t have to ask Apollo Global and Amazon for money (ugh), but being fair, it eventually paid back this loan about a year later. + +&#x200B; + +https://preview.redd.it/nfjhjgkqexe81.png?width=1280&format=png&auto=webp&s=6af5c250a7b27000ef4932ac180c44d38f67f1c9 + +**Well fuck’s sake, so we at least know there is some perhaps benefit to someone like Apollo Global in “the big mall short”. If it’s bet turned out right, it was positioned to help Amazon speed up its retail overthrow through Amazon Air & Sun Country speeding up its deliveries**. This was while looking at more and more Prime orders, adjusting the logistics ever so much as you might need to send a package from a California warehouse to a Texas one to be able to get it to someone's front door. But of course, we’re here to talk commercial real estate, so let’s start with where commercial real estate and Amazon mainly collide: fulfillment centers. + +# 4. The Network + +&#x200B; + +https://preview.redd.it/c4e6xwgbfxe81.png?width=760&format=png&auto=webp&s=c1a7830e4eaa1fb8f02776ec167c2b4b216c5cf8 + +If Amazon Air has become the new airborne mech warrior exoskeleton of Amazon & Prime’s logistic network (courtesy of Apollo and Sun Country), then its fulfillment center network--including its trucking and distribution arms--has been its spine and nerves. + +**Amazon has been BALLS DEEP in expansion across the US countryside, inching across like a retail-killing Akira blob while snapping up commercial real estate at every turn.** For starters: about right now in the US, it’s standing at about 338 fulfillment centers for packing, 666 delivery station networks for distributing, 80 Prime Now hubs, 101 regional sortation centers, alongside its Amazon Air-affiliated 18 airport hubs & 34 inbound cross docks. + +Now most US apes are familiar with fulfillment centers either from seeing them from a distance at home or on a drive, or–unfortunately, more often–when things go wrong. Whether it’s Amazon shuttling down unions outside its gates or keeping its workers from escaping an oncoming tornado at its Edwardsville, IL site (STL6) in a horrendous tragedy and loss of life, knowledge of Amazon’s fulfillment stores have permeated the news cycle in ways that other retailers' distribution networks might not have. + +&#x200B; + +&#x200B; + +&#x200B; + +**The biggest takeaway of the fulfillment center network and its growing grid of commercial real estate is that there’s a method to Bezos’ fulfillment center madness, no matter how nondescript they seem: most are purposely located near places where people have more extra/discretionary income to order from Prime, with many warehouses clustered near highway arteries between big cities.** + +&#x200B; + +**These warehouses are purposely clustered near places with more Prime subscribers, and ALL warehouses are located within a 20 minute drive from a major highway. In some cases, it’s even less than a ONE minute drive from a highway. And with our talk of the Apollo-aided Amazon Air, across the entire country the average Amazon truck can get to an airport that can service its deliveries in less than 35 minutes.** + +Now I tried looking at what I THOUGHT was the full list of fulfillment centers to figure what details I could track from its commercial real estate history. But from my small sample of 110, I found that most fulfillment centers were built in all different spaces, be it completely empty land lots, or spaces up for sale such as medical buildings, ranchland, old storage space, or even nursing homes. + +So whether razing a private school (Opa Locka, FL) or a golf course combo country club (Livermore, NY), they weren’t propping up JUST in a specific type of place (even if I wanted it to be JUST malls to feed my confirmation bias).But in my research it's easy to see that these fulfillment centers, spilling off the spokes of Amazon Air's flight patterns, all connected into a grander view of Amazon's angle of attack into commercial real estate. And the story of how many of these acquisitions for Amazon's fulfillment centers come to be led me to the great Vinnie from “The Big Short”s grand philosophical question... + +Hey Amazon, how are you fucking us? + +# 5. How They’re Fucking Us: Racks on Racks on Racks, No Tax No Tax No Tax + +Look, I–as well as most of you apes–could write a fucking 2000 page book if we wanted on just how bad Bezos and Amazon has been fucking the US and the world if we wanted to. And there are 6969696969 more reasons than this one (j**fc I mean another story literally just dropped while I was writing this about child labor/slavery in China for how Amazon makes its Echo devices)**. But I’m here to focus on commercial real estate, and show you just how Bezos liked to fuck us there with no mayo lube for years. + +&#x200B; + +**Here’s one of the biggest ways that Bezos and commercial real estate intersect: free money & no tax. And guess how and where that eventual missing tax comes from to balance the books from all that commercial real estate SWAG Amazon gets? People like you.** + +**As of 2021, US states and cities have given $4.2 BILLION USD–and counting!--in subsidies (think “free money”) to Amazon.** For Bezos, this rapid fuckery of tax greediness began exactly 10 years ago, ironically the same year that the CMBX.6 “mall bundle” was first made: + +&#x200B; + +>**The company’s aggressive behavior seeking tax breaks and subsidy deals took off in 2012**, when it hired a veteran incentives consultant and created an office within its public policy department to specialize in getting “corporate welfare.” **Before 2012, Amazon had not received more than three awards per year; since 2012, it has averaged 19 per year.** + +&#x200B; + +Saying Amazon “grew” over time puts it lightly, especially without mentioning this little wrinkle. All this no tax to Amazon comes from during its massive metric fuck ton of expansion, specifically in commercial real estate. + +Just how much expansion was it? I**n just TWO YEARS, it went from about 470 warehouses in Dec. 2019 to over 1200 as of last month.** (This effectively doubled how much square footage they cover in the country.) **So it nearly TRIPLED the number of warehouses (fulfillment centers & distribution centers) during the pandemic all while taking advantage of billions of tax subsidies.** + +Literally, Jeff should be THANKING YOU AMERICAN TAXPAYER APES FOR HELPING PROP UP HIS COMPANY DURING A PANDEMIC: **About 1/10th of those 1200 sites helped Amazon by can kicking Amazon’s property tax, sales tax, income tax, fast-tracked its approvals, and even gave ol’ Jeffrey discounts on the land & commercial real estate he bought up.** + +And this was part of the game plan pretty much from Amazon’s day-one transition to 2-day delivery and faster. **In 2012, for example, Amazon would purposely put fulfillment centers in places where it could safely avoid having to give up sales tax in those states. It fiercely resisted this until it could no longer under the huge burst of Prime orders, even running up a tab of $269 million in uncollected taxes in Texas (!)** But once 2017 kicked in, Amazon had to start paying sales tax for orders from states with sales tax. So were they ok with paying? FUCK NO. They quickly sought every opportunity they could. + +&#x200B; + +&#x200B; + +Guess where some salvation came? **In a 2017 federal tax credit bill that unleashed lavish gift baskets to Bezos & friends, all thanks to commercial real estate and CMBS shit.** + +&#x200B; + +https://preview.redd.it/15ipphslmxe81.png?width=2052&format=png&auto=webp&s=bd10947e49aeccf8b14dc68e406e8a8e092ed10a + +A**mazon located at least 171 (!) of its newest or upcoming warehouses in Opportunity Zones (OZ) throughout the US. These opportunity zones in over 30 states, which are usually meant to spur “investment”, are INSTEAD often used to hide capital gains for companies and investors like those of Amazon . When these zones first started, nearly $2.3 trillion by the wealthy was hidden away in them under the guise of “investing in real estate and business projects”.** + +**So rich fucks–like Apollo Global, Mudrick, Stevie Cohen, Yass, or Ken Cordelle Griffin–can theoretically make capital gains (sometimes from crime shit as we’ve seen). Now if the same rich fucksticks reinvest those gains back into these zones, guess what? Your tax rate goes down even more! You can kick the can on when you pay it too! And the winner? Any NEW capital gains from those second round of reinvestments are COMPLETELY TAX-FREE! So that means as long as your cash gains respawn in one of these zones like a Call of Duty Vantage map at least twice, pretty much no IRS visit at all!** And imagine how much cheaper this is to do and take advantage of a law during a pandemic, when fucking the price of EVERY commercial real estate asset–malls, land, offices–has fallen a shit ton? + +&#x200B; + +>“Amazon has elevated industrial in the eyes of investors…Once the ‘ugly duckling’ of the CRE space, industrial is now the top asset class and draws global investors, not just market specific investors. ...Investors want assets with stable tenants that will grow and produce strong returns. Buildings with tenants such as Amazon…it that bill and are in hot demand.” + +How fucked is this? Remember that Illinois tornado? W\*\*ell, the state of Illinois ALONE has given nearly fucking $742 MILLION in tax subsidies to Amazon, a company that literally did nothing as it had locked its citizens inside and left them to die. In fact, that state is sooo bad that Illinois’ tax subsidies to Amazon are nearly 1/5th to 1/6th of ALL US state and local gimmes to Amazon.\*\*And it’s not just Illinois of course. Here’s how bad Fresno, California did: + +&#x200B; + +>“The three \[Amazon\] facilities shown here are located in an "industrial triangle," with easy access to California’s Central Valley region via three major highways. The w**arehouse is less than a mile from a highway entrance and 15 minutes from the nearest airport. Nevertheless, Fresno approved up to $30 million in tax rebates and discounts for Amazon. That's 30 years of sales tax revenue plus a 90% property tax abatement lost to one of California’s neediest cities**…**With its insatiable appetite for public subsidies, Amazon is disinvesting communities for short-term profits**,...But because Opportunity Zone investors are mostly secret and undisclosed, we cannot estimate the direct or indirect subsidies to Amazon created via OZs.”\*\* + +&#x200B; + +&#x200B; + +&#x200B; + +**So to add to the fuckery, not only is Amazon grabbing a shit ton of free money in small town to big US federal subsidy tricks, which most of us DIDN’T EVEN KNOW EXISTED, but we don’t even know WHO IN THE WEALTHY FUCK is helping invest in these to get out of capital gains taxes or even get collateral on their books in the form of commercial real estate?** + +**Amazon now holds more than $58 million worth of land and buildings, more than any other public company except Walmart.** + +# 6. HQ2: The Greatest Trick That Jeff Bezos Ever Pulled + +In Pt. 3, we talked about how important the year 2017 was to the “big mall short”. It was the year everyone piled in, including Alder Hill, Mudrick, Carl Icahn, MP Partners, and Amazon’s airline buddy Apollo Global. But we now know it was just as important a year for the sheer amount of essentially hand-holding in tax shit that state, local, and federal governments all handed to Amazon on a mile-long gold platter made of billions of lesser gold platters. + +But it was also the year of the hunt for HQ2. + +&#x200B; + +https://preview.redd.it/5htdv3elnxe81.png?width=1690&format=png&auto=webp&s=6628a4e8cd25072e1bec67bf5e4b888db590a1b6 + +&#x200B; + +**In 2017, Amazon poured across all the headlines with a simple statement: “We’re building a new, 2nd headquarters! But sowwy, we don’t know where we wanna put it! Help us figure it out!”** + +It dangled the carrot of nearly $5 billion in investment for the winner, up to 50K new jobs in some places. **And 238 cities and regions, under the guise of perhaps–too much faith–fought in a race to the bottom to appease Amazon even further than the 2017 tax credit already was (remember, this tax credit shit was BARELY reported on).** Newark, NJ, home to Amazon subsidiary Audible, offered $7 billion in incentives, while Columbus, Ohio said ol’ Jeffrey could gave 100% absolutely no property tax for the new HQ site if it was built there in O-H-ten. + +&#x200B; + +https://preview.redd.it/sbwppjcylxe81.png?width=1934&format=png&auto=webp&s=987570bbfd0d9b20456a76a49add922f4e44e490 + +And remember it wasn’t just small towns. Cities and towns from all over the country poured in, with some teaming up together to put together bigger bids, like Milam County in Texas. The calls for Amazon to come were the common refrains: “More jobs! Save a dying tax base! Build out our tech hubs!” + +**Some caught onto the obvious bad effects of this countrywide “wild goose chase”, like a race to the bottom for better and better tax incentives for Amazon**. Remember, know you know many of which we saw Amazon was already taking full advantage of in the same year without many US citizens being none the wiser. Parts of the country snapped back at each other, like NH saying that Boston was a bad pick due to its traffic congestion and more: + +“Choose Boston and next year when you leave your tiny $4,000-a-month apartment only to sit in 2 hours of traffic trying to make your way to an overburdened airport, you’ll be wishing you were in New Hampshire. Or ... choose New Hampshire and invest in your high-growth future.” + +But eventually, the game stopped as Amazon eventually whittled down a shortlist of candidates, then offered to split its 50K jobs between 2 sites: Long Island City in Queens, NYC and Arlington, VA, home of its actual new HQ2 site (and conveniently, near Bezos’ new mansion in DC). **For its Arlington location, it bought out a CMBS property as part of Blackstone’s REIT (BREIT). This deal was signed off on by Amazon’s shell company Acorn Development LLC, the secretive company that’s run ahead of them to do many of their real estate deals, including there at HQ2.** (I’ve only been able to find some information about Acorn.) + +But what can we learn from the HQ2 race? Well, the obvious was that competition had these cities and towns knowingly or unknowingly racing to the bottom in order to give Bezos the best deal. + +\*\*\*\*\*\* + +You had some handwashing after the fact of course once all over. “Amazon Unbound”, a book that partly covered the hunt for HQ2, said that Philadelphia could have even been rejected due to an Amazon exec being a NY Giants fan, rival to the local hometown Eagles. The Philadelphia Citizen tried its best to make juice out of lemons: + +&#x200B; + +>Also, by all accounts, the HQ2 bid exercise within city government had some helpful internal benefits for bringing together a good team across departments and breaking down silos, which some city employees say has had some lasting positive effects. And the exercise also resulted in a lot of helpful research and marketing materials for the city that can be reused for non-Amazon economic development work. + +&#x200B; + +Yay? But here, dear apes, is the part that I wanted to focus on. **It’s the part that made me go “oh shit” for a moment while researching all this.** + +**And it comes down to one word: data.** + +**Where the fuck did the HQ2 data go?** + +&#x200B; + +[ this Wish-brand Lex Luthor can go fuck himself](https://preview.redd.it/v64ukm85nxe81.png?width=1872&format=png&auto=webp&s=cb87d890921ce2271a27d66921900654b9c923db) + +And yes, of course, dear apes, I wasn’t obviously the only one to think of this actual underhanded scenario: + +>**Amazon gained a huge perk from its HQ2 contest that's worth far more than any tax break…It has also given Amazon something that's potentially far more valuable than any subsidies it may have gleaned: a trove of data.** +> +>"**Amazon has a godlike view of what's happening in digital commerce, and now cities have helped give it an inside look at what's happening in terms of land use and development across the US,"** said Stacy Mitchell, a director of the Institute for Local Self-Reliance, a think tank based in Washington, DC. "**Amazon will put that data to prodigious use in the coming years to expand its empire."** +> +>**Amazon could use this data to aid in future expansion as it selects sites for new stores, warehouses, data centers, fulfillment centers, and other brick-and-mortar needs.In some cases, the bids could help Amazon get a leg up over its competitors, because the data they contain might not be publicly available.** + +&#x200B; + +>"This is an incredibly valuable trove of data that 238 cities spent time compiling and submitting to Amazon," Mitchell said. "At the end of the day, it may well be that the data is the most valuable thing that Amazon has gotten out of this. + +&#x200B; + +&#x200B; + +With all that was given, it was something that was echoed by many. **It was never about the wild goose chase, but the leverage it could eventually take advantage of in the form of all of this data:** + +&#x200B; + +&#x200B; + +>"**I think they had this in mind from day one,"** Richard Florida, a University of Toronto urban studies professor who tracked the HQ2 process, told CBS News. **"This was about crowdsourcing data ... This was never about an individual HQ2."** +> +>**Florida called the bidding process a "game" that gave Amazon leverage on cities it could use for future business opportunities, even if those cities had little chance of winning the second headquarters**…Indeed, some smaller cities that didn't meet the company's criteria for HQ2, such as a having population of at least 1 million people, submitted bids ...And some cities that made the list of 20 finalists...did not meet requirements like mass transit, **but Amazon still engaged them through the final parts of the process and collected more information.** + +&#x200B; + +**In the landscape of the Amazon behemoth chipping away at retail and more commercial real estate (as it grew into buying up more warehouses too or data centers), some of the 238 cities and towns potentially gave what you would normally pay millions to research firms to find. And…they just gave it up…for free…** + +Remember, there had been some murmurings that Jeff Bezos (C-E-O en-tre-pre-neur, born in 1964) ALREADY KNEW where he wanted to go pick their new HQ2 spot since it was near his new mansion and his newspaper. + +&#x200B; + +&#x200B; + +&#x200B; + +**If, for example, Bezos ever wanted to pair his exhaustive customer data from Prime or Echo Dot services, he could easily pair that with the shit ton of demographic research that these places gave out, perfectly ready for Bezos to cross-reference and use.** + +&#x200B; + +[I'm sure some of you remembered this story from a fellow Lex Luthor billionare and friend of data privacy](https://preview.redd.it/pwt0d64cnxe81.png?width=620&format=png&auto=webp&s=d451280b08d30a1a24c613ebccd50d851e391bcd) + +Here’s just a sample of some of the questions asked (and answered) by NYC: + +>**REQUEST FOR INFORMATION** +> +>**Project Clancy** +> +>TALENT +> +>A. Big Questions and Big Ideas1\*\*. Population Changes and Key Drivers.\*\***a. Population level - Specify the changes in total population in your community and state over the last five years and the major reasons for these changes. Please also identify the majority source of inbound migration.** +> +>d. Specialized tech talent availability and growth - Please provide specialized tech talent availability... **Please also describe the companies in your community currently employing that talent. (i) Please also describe the companies in your community currently employing that talent and where their future growth will be.** +> +>3\*\*. Venture Capital.\*\* +> +>**a. Current efforts - What is your community currently doing to support venture capital investment? Please include the presences of venture capital firms in your community...** +> +>"i**f your software developer location quotient is low enough to suggest that a tech employer might struggle to recruit, but it is rapidly increasing and employers are having great success recruiting to your community right now, tell us that.** *(fucking really Jeffrey? "Tell us that?")* +> +>**Provide data on the median earnings, unemployment, home ownership, educational attainment, and undergrad enrollment gaps for underrepresented minorities in your community.** + +&#x200B; + +Now remember not EVERY question is bathed in potential fuckery; sure, lots of other questions exist about what they hope to do to help support STEM programs at high schools, or racial initiatives. **But in New York City’s case, it gave Bezos 253 pages (!) worth of free fucking data and field research without them lifting a finger. Hell, he had asked some of these cities to tell THEM what the cost of a coffee at Starbucks cost in their area, or how much an avocado or some shit cost at Whole Foods (something fucking Bezos should know if he fucking owns that company), but these cities DID ALL THE RESEARCH FOR HIM.** + +&#x200B; + +Other proposals are more secret. **In the wake of HQ2 being given to DC, the city's report heavily redacted many parts of what it told Amazon.** + +&#x200B; + +[More redaction in other parts](https://preview.redd.it/bnjlr6d0mxe81.png?width=1472&format=png&auto=webp&s=af50844253925fa2b00ac9191997c540401e8f45) + +And remember, in this post, we’re talking commercial real estate and tax shit. Did we see things like that here? YOU FUCKING BET. + +&#x200B; + +>**REAL ESTATE** +> +>3. Location +Easements, Licenses, Rights of Way +> +>**9. Acquisition Cost (if any)** +**Please describe if all or a portion of Site will be made available at no or a reduced cost to the Project.** + +&#x200B; + +>c. Estimated cost of dark fiber lease/ownership +> +>**F. Transportation** +> +>**1. Air** +> +>**a. Nearest Airport: name, distance to Site, number of passenger carrier service providers. Also include any planned, funded and approved capital improvements to the airport.** + +&#x200B; + +[From the Chula Vista, CA proposal](https://preview.redd.it/hbhrte6ulxe81.png?width=2834&format=png&auto=webp&s=416d4a612338ea45338df3e5ad117380e52850cb) + +Planning, zoning, blah blah blah all tied up in a bow for Bezos and Amazon. **For a company trying to expand its logistics monster, strategically picking sites that help give it the biggest tax breaks, sit between wealthier Prime users, and logistically set up warehouses can do everything from be 30 min to an airport or 1 min from a highway, Amazon just maliciously warp-speeded its expansion protocol under the guise of "yay you get jobs!"** + +https://preview.redd.it/932ggdgqlxe81.png?width=1552&format=png&auto=webp&s=60b8b065e0aeb13c787316c38a73e09b5dc9b23f + +&#x200B; + +**So now we can project: in the same year that Amazon was already making off like a bandit from using falling real estate prices–like from malls dumping in CMBS loans during the “big mall short”–to advantageous Opportunity Zone fuckery from the 2017 tax credit bill, Bezos still wanted more and fucking got it.** + +# 7. The Akira Blob + +And expand it does. Many industrial spaces wouldn’t care and still don’t care, knowing there was a chance that Bezos might pay out 50-60% more per square foot, especially for industrial space. T**he Amazon commercial real estate Akira blob looms over the US: of the 10 largest industrial projects this year, EIGHT are Amazon. The total space of just those 8 projects could cover a space the size of Central Park end to end. By the end of 2021, 7% of all commercial real estate sales were from Amazon**: + +And so where does that put us? There is a possibility that certain things might exist that we might not see (and I can’t find in my research yet). This could be shit like: + +* **We might eventually see how HQ2 data might be used if we track cities like Worcester, MA who both offered up a proposal to host HQ2, then was denied only for a few years later to have its Greendale Mall torn down in preparation for a new Amazon site**. This was all while it dangled a heavy carrot for Amazon, including $500 million in local real estate tax saving. + +&#x200B; + +* **As we see how Amazon is weaponizing opportunity zones, like Census Tract 1523.03 in Euclid, Ohio, which we’ll see is one of the first dead malls that Amazon has started to convert to fulfillment centers.** + +&#x200B; + +https://preview.redd.it/p1jnhz7nlxe81.png?width=1404&format=png&auto=webp&s=b46bf64bff73888b618512a62e38ddbdf16c404e + +* We might continue to see how it works through some investment deals, whether with Cerberus Capital Management or Blackstone, who set them up with their HQ2 site. + +This all happens in the background of false promises from the giant. GoodJobsFirst’s stellar tracker shows how bad these "job" promises are: + +&#x200B; + +>“This…tallies state and local economic development subsidy deals given to Amazon.com, Inc. for its warehouses, data centers, and film productions, and to its subsidiaries…**Since we began collecting and exposing subsidies the company has received, we have encountered greater secrecy surrounding the packages awarded to Amazon. This sometimes makes calculating such costs difficult. Secret project names, non-disclosure agreements, and a reluctance by public officials to fully disclose costs -- even after a deal has been awarded -- suggests Amazon and public officials know these deals have become controversial.”** + +So remember this is all happening to these cities, these towns, is unbelievable. + +Under the false promises of expansion, Ohio is one state that unfortunately got to fucking over its own statespeople the most. **For Amazon’s workers, even though its only the 53rd biggest employer in Ohio, nearly 1 in 10 of them are on food stamps. A three data center deal for Amazon in Ohio gave it no taxes for 15 years ($77 million)**. **This is all as one EPI report said that an Amazon fulfillment center does nothing really for local employment, is wholly inefficient for job growth…all it does is replace 1 person working at a local spot for a job at an Amazon warehouse, giving near net-zero gain:** + +https://preview.redd.it/3imdkj03mxe81.png?width=1252&format=png&auto=webp&s=b7fa0eaa6e8524a98e65369969f8c177207a2594 + +**So adding it a bit altogether, we know that hedge funds like Apollo can not only short its competitors (GME), bet against everyday American’s malls, all while along with Amazon its makes money hand over fisting all of us from billions in free tax giveaways, all while using tricks to give itself even more free tax giveaways?** + +&#x200B; + +This is the dark shadow that we’ll all have had to have known hovers in the background to our continued story of CMBS and commercial real estate, to see how Amazon’s gain is helped by retailer’s loss, whether anchor stores, or yes, even GameStop. +I see regular comments that PMCCs aren’t “theta.” I do understand gains on a PMCC can coming from the delta as the underlying increases, but aren’t you getting a theta portion as well? + +The theta on the short call always seems to be giving me a gain on time decay versus what I lose on the LEAP, especially since I tend to go ultra deep and 2 years out. +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've had a tendency to become obsessed with things for 2 weeks or so like doing research and coming very close to going all in on an idea. But Forex is different ive been putting in 15+ hours a week in research, charting, fundamentals, and resting other people's research and thats after my 40-50 hour work week. Ive been doing this for months now and I love every second of it, I check r/Forex 2-3 times a day for convorsations and the occasional TA (I dont trade gold tho lol). I believe that this is the career ive always wanted and it has the "you get what you put into it" type of income which is another thing I love as well. + +I was just wondering if anyone else is this way and how has that worked out for you so far? + +I do have a wife and hobbys and such that I have not completely dropped outof my life I pretty much just dropped all the pointless youtube time and started learning trading and economics. So related to that It's not going to ruin my life in fact its already improved it quite alot. +Evening all, have any of you experienced imposter syndrome with your trading, and how did you get past it? I have a MFF accelerated account and i have levelled it up a few times over the past month, so my strategy is working for me. However, I’ve hit a wall where I’m convinced I have no clue what I’m doing and it’s all been a fluke. +Any tips? +https://www.tradingview.com/x/ikV59Gks/ + +I noticed the entire week the GBP has been skyrocketing and freefalling, then skyrocketing and freefalling again. Today there was 150+ pips from top to the bottom of the wicks. If we had caught the wave on Monday, that's 200+ pips! + +My result for today: +https://i.imgur.com/i00pL9t.jpg +They sent out a notice to all of their US clients that they will be shutting down their retail fx offering to all NON ECP clients. Basically, if you do not have a net worth of $10 million you will no longer be able to trade with them. + +And then there were 3. +In 2011 the European Securities and Markets authority was founded as the European Union’s answer to the 2008 financial crash. Among other things it main purpose is to improve investor protection and promote stable, orderly financial markets. For Forex and CFD retail traders alike this meant a huge reduction in maximum leverages. Prior to the introduction of these regulations leverages of 1:1000 and higher where easy to attain, which mean a larger propensity for both profits and losses. However now leverages have been limited to 1:30 for major currency pairs which, especially for micro-lot traders like myself, means that profits have significantly tanked. But as you may know the U.K. (where I live) is currently attempting to leave the EU in the process called Brexit, and with Boris Johnson how in the position of prime minister, we may actually attain a no-deal Brexit despite his many flaws. This is will mean that FX brokers based within the U.K. will once again be able to offer higher leverages, which will in turn mean that traders all over Europe will once again be able to actually make sizeable profits. People seem to be focusing on the negatives of Brexit a lot, just thought I’d bring this up. +This is really confusing me. On MetaTrader I have a demo account with Pepperstone, my leverage Is 50:1, the account currency is in USD. Whenever I use the lot size/ volume of **0.10** trading GBPUSD, it turns out to be **10 cents per pip.** When I research lot size on other websites/videos I'm seeing that **0.01** is **ten cents per pip**. This is very confusing. Can anyone help? Does it vary based on the currency pair or leverage? +For example, say I have a property that rents for $8,000 per month which would be counted as yearly income of $96,000 and thus be taxed at the 24% bracket for $23,040 per year. Ignoring tax deductions, if my monthly PITI payments are such that the property only cash flows $20,000 per year, would I essentially be paying $3,040 more in income taxes than what my actual profit is from the property? +This should go without saying but it needs to be said. Billionaires are not our friends. *Somehow* these people manage to amass cult followings who hang on their every word almost like Gospel. Many of us have come to crypto for financial freedom and uses where conventional finance has failed us. Heck, even if you are just here for the profits these people are still very bad source of advice and trust in them is misplaced trust. + +I could start with SBF who seems to be intent on acquiring every single crypto company and absolutely crush the competition using what seems to be(or used to be) his unlimited bank account for unlimited buying power. He has also recently come out with some very anti-decentralization statements. Speaking of decentralization we move to CZ who has built up an image of being very pro-decentralization and yet skirts around and avoids the entire issue when it's asked about regarding BSC. On the [Binance blog](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-2022-4766586322749082372) he claims that "decentralization is a gradient scale" and refuses to describe Binance's chain as centralized when **only 19 validators are needed** to alter or outright freeze the chain completely as we saw recently. Further, any and all validators are **chosen by Binance** themselves. Binance has also been involved in many cases of either [attempting skirt around](https://www.reuters.com/investigates/special-report/fintech-crypto-binance-zhao/) or outright just [ignoring regulatory laws](https://twitter.com/wsj/status/1458804234279960577?lang=en) while at the same time CZ speaks warmly about the benefits and positivity of regulations. + +Elon Musk outright manipulates markets to his whim and fancy and seems to find it a fun game that he partakes in gleefully as investors may lose their life savings, futures and family funds. He talks a big game about free speech but has started permanently suspending accounts that "impersonate others", which are generally actually obvious account parodies especially those done to him. He also plays a certain segment of crypto "investors" like fiddles who pump the market and get dumped on when he "doesn't follow through" on a tweet and heavily suggest ideas he has no intention of implementing. + +I don't think I need to mention the likes of Do Kwon, Alex Mashinsky and John Karony as well as know their deviousness all too well. On this particular note we should realise an important step in DYOR. NEVER invest in any token or platform that has a single individual as the face of the entire company, usually the founder or CEO as the face of the company. All of these people are only here to feed their own ego, and use the veneer of crypto "freedom" to attract those already holding resentment toward traditional finance to gain their blind trust. They are here for the cash and the attention. If nothing else, find yourself a platform or product with a CEO/head whose keeps his/her head down and puts in the work and doesn't have to tweet every hour for validation. + +This trickles further down into investment based on "endorsements" from celebrities like Kim Kardashian, Floyd Mayweather and Tom Brady. You can even include Matt Damon in this as while it was an "above-board" paid ad, he was 100% using his name and influence to promote crypto and should clearly know the risks and backlash that it could bring but he seems to have blindly sold out for the money. + +Recent market events have also shown that we give these people way too much power. I saw a comment on the sub that said it's actually not a bad thing if Cefi collapses, as Defi would take over. A *very* interesting statement. +Hi everyone! I know not all of us live within access to international markets and Trader Joe’s but in my experience they have an abundance of spices for wayyy cheap compared to most grocery stores. I especially like Trader Joe’s smoked paprika haha + +Just fyi in case you passed up on that recipe that called for cinnamon sticks or star anise etc etc because they were too pricey! I especially recommend East European or Persian markets :) +Hi All, + +First of all, I’m a data scientist by profession but a history major by training. So I’ve tried to cite all relevant data points with a (<source>) tag. This allows us to separate debating the data vs. the analysis. I’m also a complete newbie to real estate investing. One of the main goals in fact of this post is to organize my thoughts so far and solicit feedback from more knowledgable individuals. + + +As part of a balanced portfolio, I've invested passively in real estate for several years (both public REITs and a small amount in a private platform). As my assets have grown and I'm entering the age to buy a primary residence, I've been trying to educate myself on the housing real estate market. After all, even if you don't own any investment properties the purchase of a home is the largest single financial transaction you'll likely ever make. In fact, if you look at the chart linked below (1, see Sources below) you'll see housing is the single largest asset for households with net worth below 1 million dollars, i.e. ~90% of Americans (2). In fact, even in 2010 (in the midst of the Great Financial Crisis): "The primary residence represented 62% of the median homeowner’s total assets and 42% of the median home owner’s wealth" (3). In fact, reading the Economist recently (obviously in my slippers) I was surprised to discover housing is the world's largest asset class. This HSBC report (avoiding the Economist paywall) cites housing as a $226 trillion (!) asset class at the end of 2016 (4) out of a total net worth in 2018 of ~$360 trillion according to Credit Suisse. + +&nbsp; + +Even with my casual research, it's clear that real estate is divided into multiple segments including residential, commercial, industrial, farm land, etc. Even the subsector of residential is divided into single family, multi-family, commercial, mobile homes, etc. These segments are further divided across geographies with wildly different tax, capital, and regulatory regimes. So far I’ve limited my research to the US residential sector: single family homes, multifamily, and small commercial apartment buildings. Therefore moving forward when I say real estate I will limit the scope to the above US residential housing market, i.e. acquiring individual or personal portfolio of US housing properties. + +&nbsp; + + + +More formally, the purpose of my analysis below is: + +* Understand my options as it pertains to real estate. E.g. is it better to consider “house hacking”, i.e. buying a primary residence and several investment units as part of a duplex, triplex, etc. +* Avoid making obvious mistakes in the purchase of my primary home + +* To summarize what I’ve learned and start to develop opinion about real estate investing more broadly as a complement to public equities investing + +* Broaden my knowledge professionally (my clients include large real estate companies) + +* Learn from the community! + +Note: I considered posting this in /r/realestateinvesting, but ultimately my goal is to evaluate real estate vs. other asset classes. Obviously some people will simply prefer real estate for a variety of reasons, but personally my goal is to achieve the greatest return for the least risk and work. I should stress that I love my career (data scientist) and have no intention of quitting, so the last point is particularly important. + +&nbsp; + + +**Analysis** + +&nbsp; + +One thing that immediately strikes me as an investor accustomed to public securities, e.g. bonds / stocks, is how odd the real estate market (in particular housing) is in comparison. Having a margin account from a broker, i.e. getting leverage, is often a difficult process reserved for “advanced” investors. In residential real estate, it’s considered “conservative” for an individual to have leverage of 4-5 to 1 (FHA loans, for example, only require 3.5% down in some cases!) . What’s even crazier is that the loan is often issued at only 2-4% over the 10 year US treasury rate. For example today, April 26th, the 10 year treasure is 0.606% while NerdWallet has a rate of 3.3% for a prime credit score, single family home, primary residence 30 year loan. + + + +&nbsp; + + +Perhaps because real estate is the only avenue available for newer investors to take on large amounts leverage immediately, I've seen extreme and, in my opinion, irrational positions on the subject. Even a cursory glance at BiggerPockets, /r/realestateinvesting, etc. uncovers multiple posts along the lines of either "real estate investing is the best investment ever!" vs. "the real estate market is a massive bubble and will crash soon". I've summarized a few of the common tropes I've seen below with my analysis. + + +&nbsp; + + + +> Real estate is a huge bubble, and is going to collapse any day! + +As noted above, real estate / housing has numerous segments that are further divided across geographies with wildly different tax, capital, and regulatory regimes. Saying that "real estate" will crash is like saying the “food industry” will crash. What segment and where? US soybean growers? Fast Food? Argentinian ranchers? McDonalds in particular? + +Limiting our discussion to US housing: the Case-Shiller national price index (7) shows that home prices dropped ~27% from peak to trough in the Great Financial Crisis over a period of almost 6 years (Mid 2006 to early 2012). The reason this was such a catastrophic event is that housing had never decreased nationally in a significant way before in the modern era (see Case Schiller home price index). Of course, it’s worth noting that housing had rarely increased rapidly against inflation before. + +Let’s assume we had an equivalent event occur. The Jan 2020 index was at 212, so home prices would decrease by 27% to ~155 (mid 2008 levels). Crucially though, this price drop would be expected to play out for years! During that time vested interests (more on that later) would lobby governments extensively for support, foreign and US investors could form funds to take advantage of the situation, etc. As a reference point there is ~$1.5 trillion available in US private equity funds alone as of January 2020. + +However, it is worth pointing out that this is at the national level. Local real estate markets, particularly those dependent on select industries or foreign investors, could easily see more dramatic price movements. The US census has a really cool chart (22) that shows the inflation adjusted (as of year 2000) median home values every decade by state from 1940 to 2000. We see that Minnesota home values actually dropped from $105,000 in 1980 to $94,500 in 1990, a fall of more than 10%. + + + +&nbsp; + + +> Everyone needs a place to live, therefore housing can never go down + +Everyone needs a place to eat, but restaurants and grocery stores are famously low margin businesses (5). Farms supply an even more basic need, but many go bankrupt (6). The question isn’t whether housing will go down or not, but whether it will return an attractive rate of return compared to alternative investments. + +It’s also worth pointing out that for most “retail” US housing real estate investors, they are investing in a narrow geographic area. Migration and births/ deaths can play a huge role in the need for housing in a given area. Case in point, NYC may have actually begun losing population to migration in 2017 / 2018 (23). Even more interesting, NYC has experienced a substantial loss due to domestic migration which is almost balanced by foreign immigration / new births (24). If foreign immigration decreases in the post-COVID we would expect NYC’s population to decline more rapidly given current trends. + +It is entirely possible for national housing prices to modestly increase while expensive coastal markets decline significantly, for example. + + + +&nbsp; + + + +> It's supply and demand. There's a nationwide housing shortage so prices can only go up! + +This one has some factual basis. Freddie Mac put out a study in Feb 2020 (18) which indicated that there is a shortage of housing units between 2.5 - 3.3 million units. Some interesting notes about this study is that they consider the “missing” household formation and extrapolate interstate migration trends. As noted below, the US builds ~1.3 million housing units a year, so this reflects ~2 years of housing construction. It’s also worth noting the geographic variation, with “high growth” states like Massachusetts, California, Colorado, etc. seeing ~5% housing deficits vs. states like Ohio, Pennsylvania, etc. seeing housing surpluses of ~2-4%. + +However, a Zillow analysis on our aging population (11) points to a slightly different conclusion. Based on their analysis, an additional ~190,000 home will be released by seniors between 2017-2027 compared to 2007-2017. That number increases by another 250,000 homes annually between 2027-2037. Combined, this is about ~50% of the average annual homes constructed in the US between 2000-2009 at ~900,000. + +Given these slightly conflicting reports, let’s get back to basics. First, let's separate housing into single family homes, multi-family units, and large apartment buildings. Single family homes, particularly near dense and economically vibrant metros, are far more supply constrained. In contrast, multi family units / apartment towers are, barring regulatory issues (see California), less constrained by available land. See Hudson Yards in NYC, the Seaport area in Boston, the Wharf in DC, etc. It's worth noting that due to costs / market demand most of these developments cater to the entry level luxury category and above, but they are new supply. + +I actually wound up looking at US Census projections to get a sense of the long term outlook. By 2030 the Census estimates the population will grow from 334.5 million to 359.4, for a total increase of 24.9 million or an annual increase of 2.49 million (8). In 2019 the Census estimated 888,000 private single family units and 403,000 units in buildings w/ 2+ units were constructed for a grand total of 1,291,000 units (9). The average number of people per US household is 2.52 (10). Some simple math suggests that if we assume each new single family home contains the average number of Americans and each apartment conservatively contains only a single person we get 888,000 * 2.52 + 403,000 = ~2.64 million. + + +Now, talking about averages in a national real estate market reminds me of a joke about Mars: on average it's a balmy 72 degrees. But the point still stands that at a high level, theoretical sense there is sufficient "housing" for the US population. The question, as always, is at what price and location? + + + +&nbsp; + + + +> Real estate is a safer investment than the stock market! + +This one honestly irritates me. While there are many advantages to real estate I can see, safety is not one of them. It is a highly leveraged, illiquid, extremely concentrated asset when bought individually (i.e not in a REIT). Let’s use an example here. Is there a financial advisoy in the world who would recommend you put your entire investment portfolio in Berkshire Hathaway? Of course not, diversification is the bedrock of modern personal finance. And yet Berkshire Hathaway is an extremely diversified asset manager with well run and capitalized companies ranging from Geico to Berkshire Homes to Berkshire Energy. Oh, and it also has $130 billion (with a B) in cash equivalents. + +I honestly think this impression stems from 3 factors: + +* Almost all asset prices have gone up (barring a few 1-2 month downturns) for 10+ years. There was also a shortage of skilled labor, capital, etc. that dramatically reduced the new supply of housing +* Survivorship bias. The people who fail in real estate tend to limp away quietly. The ones who survive and succeed tout their success loudly. + + + +&nbsp; + + +> You won’t build your wealth in the stock market + +One common theme I’m already noticing listening to podcasts, reading blogs, etc. is that many people started investing in the aftermath of the Great Financial Crisis (2009 - 2011). And, in retrospect, it was clearly a great time to buy property! But it was also a great time it turns out to buy almost every investment. + +I plugged in the average annual return of the S&P 500 from December 2009 to December 2019 with dividends reinvested (and ignoring the 15-20% long term tax on dividends) (12). It was 13.3%. If you managed to buy at the market bottom of Feb 2009 it was 15.8%! + +The long term annual average of the S&P 500 from 1926 - 2018 is ~10-11% (with dividends reinvested). (13). The S&P has never lost money in a 30 year period with dividends reinvested, see the fantastic book Stocks for the Long Run (14). In fact, if you’re investing before 30 the worst 35 year period (i.e. when you would turn 65) is 6.1% (15). + +Housing, in general, has tracked at or slightly above inflation ( 16). Even a click bait CNBC article (17) about “skyrocketing” home prices states that homes are rising 2x as fast as inflation (i.e. ~4%). If you look at the CNBC chart for inflation adjusted prices, you’ll see a compound annual growth rate (CAGR) of 2.3% from 1940 to 2000. Let’s do this same exercise again with the Average Sales Price of Homes from Fred (i.e. Fed economic data) (18). In Q1 1963 the average sales price of a house was $19,300. In Q4 2019 it was $382,300. That is a CAGR of ~5.38% over ~57 years. + +Another thing to keep in mind is that while real estate does have some tax advantages, there are also property taxes, maintenance, etc. + +But it’s harder than that. Because real estate is an illiquid asset. In general, illiquid assets require higher returns than +the equivalent liquid asset because of the inconvenience / risk of not having the ability to transact frequently. + + +&nbsp; + + +**Case study of real estate purchase:** + +I’d like to focus the rest of my analysis on an area that many members of BiggerPockets, /r/realestateinvesting, etc. seem to gloss over: credit. I was surprised to see that for first time home buyers, 72% made a down payment of 6% or less according in Dec 2018 according to (27). This would imply prices only have to decrease 6% to put these new homebuyers underwater, i.e. owe more after a sale than their mortgage. But this fails to take into account costs associated with buying a property, which are substantial at 2-5% for closing according to Zillow (28). Costs for selling a property are even more substantial, ranging from 8-10% according to Zillow (29). This means that sellers only putting down 6% could be underwater (in the sense that they couldn’t sell without providing cash during the sale) with even modest price decreases when taking into account these transactional costs. + + +&nbsp; + + +Obviously there are ways to reduce these costs, so let’s walk through a hypothetical example of the median valued home of ~$200,000. + +&nbsp; + + +A young, first time home-buyer puts down 10%, or $20k, and takes out a mortgage for $180,000. They also pay (optimistically) closing costs of 2% for $4000. Luckily, they bought in a hot housing market and prices increased 5% (real) over the next 5 years. Their house is now worth ~$255,000. They sell their house and again, optimistically, closing costs are only 4%. This means they pay $10,200. Consequently, after netting out costs we calculate naively that they would make $255k - $10k - $4k - $200k (original purchase price of home) = $41k. Given they only invested $20k of their own money, this is a compound annual growth rate (CAGR) of ~15.4%, which is handily above the S&P 500’s average. This is the naive calculation I first made, but as we’ll see it is deeply flawed. First, let’s look at costs. + + +&nbsp; + + +WalletHub has a really nice chart that shows (conveniently) property taxes on a $205,000 home across all 50 states (30). The average American household spends $2375 on property taxes, so let’s assume a little less and go for $1500. So 5 years x $1500 = $7500. + + +&nbsp; + + +For home maintenance, the consensus seems to be ~1% annually for home maintenance with wide variation. We’ll assume that’s $2000 off the base price, so $2000 * 5 = $10,000. (31). + + +&nbsp; + + +For homeowner’s insurance, Bankrate (32) provides a nice graph that shows the average annual cost for a $300,000 dwelling across all states and then a separate chart for costs based on dwelling coverage. For a $200,000 dwelling coverage we have a figure of $1806 per year, so over 5 years we have $1800 * 5 = $9000. + + +&nbsp; + + +Finally we need to calculate the interest on the debt. One thing that I didn’t realize until I looked at an amortization table how front-loaded the interest payments are. Case in point, I plugged in the $180,000 loan into the amortization calculator (34) using a 3.5% interest rate and saw that we pay on average ~$6000 each year in interest vs. only ~$3800 to principal. + + +&nbsp; + + +**So lets’s run the new numbers.** + +You sell your home still for $255,000. After 5 years, your mortgage is now ~$160000 (i.e. you paid off 20,000 over 5 years, or ~$4k per year). So after the sale you are left with ~$95,000. The buying and selling costs remain the same as before, so we subtract the $14k for $81,000. We also then subtract $7500 (property taxes), $10,000 (home maintenance), $9000 (homeowners insurance) which gives us $54,500. + + +&nbsp; + + +We paid ~$9,700 each year in mortgage interest + principle (~6000 interest and $3700 principal). So 5 * 9700 = $48,500. + +&nbsp; + + + +So, net of everything we get $255,000 - $160,000 (remaining mortgage) - $48,500 (mortgage payments over 5 years) - $14k (buying / selling costs) - $7500 (property taxes) - $10,000 (home maintenance) - $9000 (home insurance) = $6000. And we put down $20,000 as a downpayment, for a net compound annual growth rate (CAGR) of negative $21.4%. + + +&nbsp; + +That is truly an astounding result. We had 10x leverage on an asset that went up 5% each year for 5 years and we somehow lost money on our “investment” of a down payment? Keep in mind we also used fairly optimistic numbers (particularly home price appreciation) and didn’t factor in PMI, etc. On the flip side, this home provided shelter, i.e. you didn’t pay rent. That’s a massive “avoided” cost and I don’t mean to minimize it. But the point here is that many homebuyers I’ve spoken to fail to account for the substantial costs of home ownership and expect their primary resident to generate a substantial return. + + +&nbsp; + + +Now, of course, for real estate investing you would likely either a) hold the property for less time and attempt to flip it via forced appreciation or b) have tenants in the property. Let’s focus on b) because frankly that’s more of my interest. From what little research I’ve done flipping houses requires much more time that’s incompatible with my day job. + + +&nbsp; + + +I went ahead and used the rental price calculator I found online at (36) to calculate the return. I used a rent of $1300 monthly, a bit lower than the average national rent of $1476 (35) because our home price was also lower than the national average. I assumed a low vacancy rate of 5%, and no other expenses beyond the ones cited above (i.e. I didn’t assume property management, higher loan interest rate, higher property taxes). + + +&nbsp; + + +The calculator spit back a 5 year internal rate of return (a metric in this case useful to compare against the securities markets) of 27.79% return, i.e. a profit of $63k on an initial investment of $20k. The IRR as I understand it captures the time value of money, basically accounting for when you made various returns (37). E.g if an investment over 30 years pays nothing then gives you a lump sum payment at the end that’s very different than if it pays 1/30th of that lump sum every year. It’s useful in this case for comparing against the stock market because the IRR takes all future cash flows back to a net present value of 0, i.e. as if we invested all the money immediately. + + +&nbsp; + + +**&Now let’s do some scenario modeling (originally we had 10% down, 3.5% interest rate for an IRR of ~28%):** + +* Let’s assume we have to put down 20%: now we have a 19% IRR +* 20% down payment and a 5.5% (instead of 3.5%) interest rate: 14.7% IRR +* Home price appreciation of only 3% per year instead of 5% with 10% down payment: 20% +* Home price appreciation of only 3% per year with 20% down payment: 12.65% +* Home price appreciation of 0% per year with 10% down payment: 4.26% +* Home price appreciation of 0% per year with 20% down payment: -1.28% + +This scenario for me demonstrated a number of interesting properties. + + +&nbsp; + + +* Owning a home for even a moderate amount of time (~5 years) will likely not build substantial wealth unless there is truly massive home appreciation. The transactional costs are too high, the ongoing costs are substantial, etc. And of course I’ve neglected to include all the remodeling, furniture, etc. that every home owner I’ve met has spent money on +* With regards to real estate investing, home price appreciation covers up a magnitude of sins, particularly if coupled with a low cost of debt. Changing nothing but the home price appreciation changes the investment from incredible (28% IRR) to about 1/2 the expected return of the S&P 500 (4.26%) +* Real estate, whether investing or owning a primary residence, has limited to negative cash flow initially. The loan is amortized so that all early payments go to interest, maintenance is expensive, etc. +* To sanity check these figures, I went and looked at the SEC filings of Invitation Homes which owns 80,000 single family homes in the US. In 2019, Invitation Homes made ~$1.764 billion on rent + other property income while spending a combine ~$730 million on property maintenance + management.(49) . That’s about ~41% of the total property income, which aligns with the rental calculator above (rent payments fo 1300 vs ~$570 for maintenance, taxes, insurance, vacancy, etc.). That honestly makes me nervous however, as Invitation Homes theoretically has the scale to centralize and minimize maintenance costs. While I could certainly substitute “sweat equity” for some repairs, it strikes me that it would be foolish to assume my costs would be lower than Invitation Homes’ + + +&nbsp; + + +**401k analysis** + +As I mentioned above, one of the big questions around real estate investing that I rarely see asked is “is it an appreciably better investment than the alternatives”? For W2 workers, which is ~50% of private sector workers, this question becomes even more pertinent because 401ks have massive tax benefits. In fact, only 33% of US households own taxable accounts outside of a 401k, which means the vast bulk of US households either have no accounts, 38%, or own only a retirement account like a 401k, 29%, according to (39). Let’s assume we have a middle to upper middle class worker making ~70k (this puts them roughly at the 75% percentile). They want to invest, and see two options: + +* Invest $20,000 post-tax in a downpayment on a $200,000 investment property just like in the above analysis (we’ll assume closing costs just get baked into the final net gain) +* Invest the equivalent amount of post-tax dollars into their 401k. You can probably see where I’m going with this by the use of “post-tax”. + + +&nbsp; + + +At a salary of $70k and assuming you took the $12k standard deduction, you would still see much of your income fall into the 22% tax bracket. While certain states charge no income tax, they generally make it up in much higher sales / property taxes, so let’s also assume a 3% state income tax (40). This means that if you invest $19,500 in a 401k (the maximum in 2020) that’s equivalent to only $14,625 post-tax (because the $19,500 would be taxed ~25% before it got to you). That leaves almost $6000 when compared with the down payment figure above, which is coincidentally the exact IRA contribution limit for 2020! The math for deductions for the IRA gets painful, but we can assume a deduction of ~$1500 (i.e. 25% of 6000). Now, if your work offers an HSA it gets even better, because those contributions are tax-free even from social security (which is typically a 6.2% tax) + medicaid (1.45%). This means that if you contribute the $3500 limit, that’s equivalent to only $2300 post-tax. + + +&nbsp; + + +This is getting rather long, so for the sake of simplicity we can basically say that in lieu of putting down a $20,000 post-tax downpayment on an investment property you could instead invest $19500 + $6000 + $3500 = $29000 into the stock market. What’s more, fees for well managed 401ks through Vanguard, Schwab are often ~0.25% (i.e. $72 annually on the $29k above). + + +&nbsp; + + +If we assume the average S&P 500 index returns of 10% (we’ll ignore the $72 annually in expenses and of course there are no taxes), we would see $29k compounded over 5 years = $47,809. Since we’re investing the money all immediately, this is (I believe) more or less equivalent to the IRR rate. + + +&nbsp; + + +So, what do we need to achieve to beat that return with our investment property? Well, we previously assumed a blistering 5% real home price appreciation. With inflation at ~2%, that’s a nominal 7% home price appreciation. According to both Zillow and Core logic, Idaho is the state with the fastest home appreciation values pre-COVID at ~9%. We’re essentially predicting close to this level for 5 years, which is quite rare. In August 2019, US home prices nationally were gaining ~2.6% according to (41). + +Let’s plug those numbers into our rental property calculator from above. At a 10% down payment, 3.5% interest rate, and 2.6% home price appreciation we see an IRR of 18% per year. Game, set, match, real estate, right? + + +&nbsp; + + +Well, sort of. Right now we are assuming optimistic projections about maintenance (1%), closing costs (2%), and selling costs (4%). What if we bump those up to the averages cited by Zillow (3% and 8%)? Uh-oh, now we’re down to 12.38%. Okay, but what if we assume rent goes up by the same amount, ~2%? Great! Now we’re back up to 14% IRR. But if we assume all the other expenses like home insurance and maintenance go up 2% a year as well, we’re back down to 11%. + + +&nbsp; + + + +We could go on forever, but the point is that real estate (particularly for rental properties) are extremely sensitive to assumptions you make on a number of factors. Given the risk, illiquidity, and work involved with a real estate property I would want to see a substantially higher return than the tax advantaged, hands off 10% my 401k gives me. I didn’t even include the typical 3% match for the 401k, which would have added $2100 to the initial investment amount and increased the 5 year return to $51,272. + + +&nbsp; + + + +The bottom line in my mind is that for most W2 workers who have access to pre-tax investments, they should max them out first. If you’re lucky enough to be able to max out all of the above pre-tax accounts + get a 3% match (i.e. $31k total) every year, after 15 years at a 10% return you’ll have $1.2 million. In 30 years you’ll have $6.8 million. And again, keep in mind that maxing out your pre-tax accounts only “costs” you ~$20k, because that’s what you would get after taxes. And you’ll have “made” those millions without spending a single hour outside of your day job working. + + +&nbsp; + + +**Based on the above analysis and calculations, here’s what I’ve come away with as a newbie to real estate investing:** + + +* Real estate investing involves significant risk. Achieving high returns relies upon either significant home appreciation or accurately calculating several key inputs (rental rates, maintenance costs, etc.). The past decades strong home appreciation has likely saved some investors from faulty assumptions, simply because their highly leveraged investment increased in value +* Given the significant transaction, maintenance, tax, and other costs simply buying and living in a single family home is not guaranteed to build substantial wealth in the short term (i.e. < 10 years) even with significant price appreciation. +* The story of real estate investing is really the story of credit availability. Low interest rates, widespread credit, etc. allow investors to take on significant leverage and potentially achieve high returns. On the flip side, if credit tightens we could see substantial movements in real estate as valuations adjust to the more expensive or less available leverage +* Personally, I would want to see at least 12+% returns annually before I invested in real estate directly vs. a diversified stock portfolio. Potentially having a cash flow negative, illiquid, highly leveraged asset is a risk that I want to be compensated for by a higher return. Obviously there are many advantages to real estate I’ve not yet learned in depth about (e.g. taxes), so perhaps this premium will change slightly in my mind in the future +* If you’re a younger, W2 wage earning in the US with the access and ability to contribute to a 401k, IRA, and HSA you should do that first before even considering real estate investing. The tax advantages are immense, the time investment is essentially nothing, and historically you are guaranteed, at the absolute worst, a 6.5% annualized return if you wait for 35 years. Plus a well diversified 401k fund, like a Vanguard target retirement fund, may very well include REITs +* The exception here of course is doing something like house hacking, etc. where you are combining your primary residence with an investment. I’m not sophisticated enough yet to run the numbers there, but it seems reasonable on the surface + + +&nbsp; + + +**Some thoughts on the future:** + +Forecasting is always risky, but at the same time we all have to form an opinion on where the future is headed. My general thoughts are that crisis tend to accelerate existing trends rather than create new ones. There were already recession concerns in late 2019, and US GDP growth expectations had been downgraded to ~2.0% by the OECD even before COVID (45), albeit with slight optimism around the Phase 1 trade deal with China. Geopolitical tension and capital controls in China had led to mainland Chinese investors slowing their investments in US real estate and increasing dispositions (47). + +* While there is certainly a housing shortage, even in high growth states we see housing “deficits” according to Fannie Mae of ~5%. While this is clearly substantial, shifting migration patterns, regulatory changes, household preferences (e.g. telecommuting) could easily shift the balance. It’s far from certain in my mind that housing will remain supply constrained in the medium term (i.e. > 3 years) +* In December 2019, Zillow was already forecasting slowing home price and rental appreciation to modest 2.8% & 2.3% respectively (42) +* As of March 31 2020, Zillow now forecasts home price appreciation at -1.5% nationally. +* We are seeing tightening mortgage credit, particularly for jumbo loans that are essentially for high priced real estate markets (44). Mortgage services, i.e. non-bank companies like Quicken, have been hit hard by the mortgage forbearance regulations (although relief measures have been enacted) +* The CBO is currently forecasting the unemployment rate to remain >10% until 2021 (48). Even if that proves wildly pessimistic, it’s highly probably that the tepid wage gains of the last few years will slow further or even reverse +* Ultimately with slowing wage gains and reduced credit in the short term it is hard to see how consumers retain their purchasing power to drive rents / real estate prices substantially higher. +* On the flip side, central banks globally have injected trillions of dollars of liquidity into the global economy. This has driven down yields in traditional safe havens, e.g. investment grade corporate and sovereign bonds. The question becomes, where does this money go? Does it favor real estate over stocks? Does it lead to inflation, deflation, stagflation? +* Local & state governments are facing massive budget shortfalls due to dramatically lower revenues (e.g. sales taxes) and higher costs (unemployment insurance, healthcare, etc.). If the federal government does not backstop these revenues, will we see higher state / local taxes or cutbacks in services? +* As mentioned previously, the tax law changes of 2017 dramatically affected how individuals / households approach their federal taxes. In particular, it is now far less advantageous to itemize property taxes, state taxes, mortgage interest, etc. Mark Zandi (50) of Moody’s analytics provided some interesting analysis that suggested the tax law changes had already impacted higher cost markets. It will be interesting to see if these trends continue, accelerate, or reverse post COVID. +* The question now becomes how investors, particularly those who entered late in the cycle and lack substantial equity buffers, will deal with conditions. A V shaped recovery would likely see minimal disruption as investors are able to cope with disrupted cash flows for several months. A longer recession would see over-leveraged investors forced to short-sell properties +* I’m particularly struck by the fact that according to at least one source (27) ~72% of first time home buyers put down 6% or less. These recent buyers lack the equity buffer to deal with any material decline in housing prices, while the modest down payment suggests they may also lack substantial cash reserves to deal with an economic shock. +* There also seems to me a disconnect between commercial and residential real estate I don’t fully understand. Take a well capitalized and diversified REIT like Brookfield Property Partners. This REIT is currently offering a 14%+ yield. Of course many of their properties like urban office / retail space are getting hammered by COVID. But if we’re assuming that centrally located, urban commercial office & retail spaces are substantially less valuable than pre-COVID, what does that say more broadly about dense urban real estate? After all, if people work from home and don’t go out to commercial real estate spaces, why bother paying a premium in living expenses? + +From my point of view, I’m interested in seeing how the market reacts over the next 3-6 months. Do sellers react by rapidly putting properties on the market before it’s “too late”? Are there enough prime buyers given the tightening credit, particularly for expensive coastal markets, to absorb a spike in listings? As Warren Buffett once said: “"At rare and unpredictable intervals...credit vanishes and debt becomes financially fatal. A Russian-roulette equation--usually win, occasionally die--may make financial sense for someone who gets a piece of a company's upside but does not share in its downside.” We shall see. + + + +**Sources:** + +* (1) Asset allocation by net worth: https://www.getrichslowly.org/assets-vs-net-worth/ +* (2) Net Worth: https://dqydj.com/net-worth-brackets-wealth-brackets-one-percent/ +* (3) Housing Net Worth 2010: https://www.nahbclassic.org/fileUpload_details.aspx?contentTypeID=3&contentID=215073&subContentID=533787&channelID=311 +* (4) https://internationalservices.hsbc.com/content/dam/hsbcis/pdf/HSBC_Global_Real_Estate_Report_July2017.pdf +* (5) https://pos.toasttab.com/blog/average-restaurant-profit-margin +* (6) https://www.forbes.com/sites/niallmccarthy/2020/02/10/us-farm-bankruptcies-reach-eight-year-high-infographic/#3ec789b77de0 +* (7) https://fred.stlouisfed.org/series/CSUSHPINSA +* (8) https://www.census.gov/content/dam/Census/library/publications/2015/demo/p25-1143.pdf +* (9) https://www.census.gov/construction/nrc/pdf/quarterly_starts_completions.pdf +* (10) https://www.statista.com/statistics/183648/average-size-of-households-in-the-us/ +* (11) https://www.zillow.com/research/silver-tsunami-inventory-boomers-24933/ +* (12) https://dqydj.com/sp-500-return-calculator/ +* (13) https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp +* (14) https://www.riosmauricio.com/wp-content/uploads/2013/05/Siegel_Stocks-For-The-Long-Run.pdf +* (15) http://observationsandnotes.blogspot.com/2010/05/best-worst-35-years-in-stock-market.html +* (16) https://www.supermoney.com/inflation-adjusted-home-prices/ +* (17) https://www.cnbc.com/2017/06/23/how-much-housing-prices-have-risen-since-1940.html +* (18) http://www.freddiemac.com/research/insight/20200227-the-housing-supply-shortage.page +* (19) https://www.nerdwallet.com/mortgages/refinance-rates/30-year-fixed +* (20) https://www.cnbc.com/2016/08/22/the-sp-500s-new-sector-could-be-a-really-big-deal.html +* (21) https://www.cnbc.com/2020/01/03/private-equitys-record-cash-pile-comes-with-a-new-set-of-challenges.html +* (22) https://www.census.gov/hhes/www/housing/census/historic/values.html +* (23) https://www.wsj.com/articles/new-york-citys-population-dips-for-first-time-in-over-a-decade-11555560060 +* (24) https://www.nytimes.com/2019/04/18/nyregion/new-york-city-population.html +* (25) https://dqydj.com/net-worth-brackets-wealth-brackets-one-percent/ +* (26) https://www.visualcapitalist.com/composition-of-wealth/ +* (27) https://smartasset.com/mortgage/what-is-the-typical-down-payment-on-a-home-purchase +* (28) https://www.zillow.com/mortgage-learning/closing-costs/ +* (29) https://www.zillow.com/sellers-guide/closing-costs-for-sellers/ +* (30) https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/ +* (31) https://www.forbes.com/sites/juliadellitt/2018/06/20/why-you-need-to-adjust-your-monthly-budget-for-home-maintenance/#629567534a05 +* (32) https://www.bankrate.com/insurance/homeowners-insurance/homeowners-insurance-cost/ +* (33) https://taxfoundation.org/standard-deduction-itemized-deductions-current-law-2019/ +* (34) https://www.amortization-calc.com/mortgage-calculator/ +* (35) https://www.rentcafe.com/blog/category/rental-market/apartment-rent-report/ +* (36) https://www.calculator.net/rental-property-calculator.html +* (37) https://fundrise.com/education/blog-posts/the-limitations-of-internal-rate-of-return-irr-for-predicting-investment-su +* (38) https://www.cnbc.com/2018/03/12/how-many-americans-dont-have-access-to-a-401k.html +* (39) https://www.finrafoundation.org/sites/finrafoundation/files/A-Snapshot-of-Investor-Households-in-America_0_0_0.pdf +* (40) https://www.thebalance.com/state-income-tax-rates-3193320 +* (41) https://www.corelogic.com/blog/2019/10/lower-priced-homes-had-the-highest-annual-appreciation-in-august-but-also-the-largest-slowdown-in-appreciation.aspx +* (42) https://www.zillow.com/research/2020-predictions-26100/ +* (43) https://www.zillow.com/home-values/ +* (44) https://www.washingtonpost.com/business/on-small-business/wealthy-mortgage-borrowers-face-cold-shoulder-from-lenders/2020/04/21/eb5a23bc-83e7-11ea-81a3-9690c9881111_story.html +* (45) https://www.oecd.org/economy/economic-outlook-weak-trade-and-investment-threaten-long-term-growth.htm +* (46) https://www.ft.com/content/3c5d0292-8c50-11e9-a1c1-51bf8f989972 +* (47) https://dailyhive.com/vancouver/mainland-china-real-estate-investment-forecast-2020 +* (48) https://www.cbo.gov/publication/56335 +* (49) http://www.snl.com/Cache/IRCache/cb52653b7-0b66-b946-8eed-1641a4c7cbd3.html +* (50) https://knowledge.wharton.upenn.edu/article/tax-changes-hurting-housing-market/ +Is my financial advisor being a jerk? I have almost 40K in mutual funds with 2.5% management fees. The fees are too high so I'll rather sell them and buy a Vanguard's Balanced ETF Portfolio (VBAL) or an iShares' Core Balanced ETF Portfolio (XBAL ). But my financial advisor is advising against it. I repeatedly told him I wanted to move away from the mutual fund, but he's being emotional and wouldn't let me sell my mutual funds. Seriously, he wouldn't give in and kept pressuring me to not touch the mutual funds. An argument he's hanging on to is that there will up to $400 dollars of redemption fees because I still have about 3 years left before I could sell the mutual fund without those fees. I don't care about the redemption fees because it is cheaper than keeping the mutual fund. Because he wouldn't give in to my wishes, we've discussed to keep the holdings that have redemption fees (about 25K) in the mutual fund and sell the rest to buy the ETF. I haven't given him the go yet. I really want to sell the entire mutual funds to buy the ETF. Am I making a bad decision or is the financial advisor being a jerk? +Their current ratio is literally approaching 0, and they have had and will have impacted operations for the foreseeable future. How is this company not bankrupt as we speak? +Hello folks, I'm a \[28M\] Software Engineer working remotely in Germany. + +So far, I've lived quite frugally because of... reasons... I already have some savings that allow me sleep comfortably. + +As a consequence of my lifestyle, I've never owned a car, knowing their maintenance costs. + +Well, it changed this year. My spouse and I want to buy a car. We are definitely not in need of a car, but it is very tempting to know that there is a machine outside that will allow us to travel whenever we want to. + +I'd like to buy a new car instead of a used car. I did some research on luxurious brands like Mercedes-Benz, Audi etc. but they are very expensive both to buy and to maintain. Therefore, I started looking for other reliable brands and I found this particular model that I fell in love with. It is a brand new Mazda 3. + +A fully loaded Mazda 3 costs less than a base model Mercedes CLA. + +So, I contacted the local dealership and here are the specifics: + +MSRP is **37.890,00 €** for this fully loaded Mazda 3 and they applied a new customer discount which is **5.000,00 €**. The final price is therefore **32.890,00 €**. I have to mention, they give 6 years of warranty and the car won't be available in less than 6 months. + +Even though I have enough cash to buy the car right away, I'm still planning to finance it for 1 or 2 years considering the inflation is expected to be more than 10% in Germany and the interest rate for the loan is 3,99% yearly. + +Coming to my questions, do you think buying this Mazda 3 is simply a very bad financial decision that isn't reasonable considering my personal needs and global circumstances? Or is it a good deal? + +Should I simply wait for another year or two? + +To be honest, I just can't see a future that the car prices will be less than what they are right now. + +I also think melting my money in a bank account is less logical than investing in a car, even though reasoning is not investing. +I am a US citizen with permanent residency in Germany. I recently sold a small apartment and now have 60,000€ sitting in my bank account. At this point, I really understand the German real-estate market works and part of me want to continue investing in what I know. but on the other hand, I already own the apartment that I live in and it seems wiser not to put everything in real-estate. I have betriebliche Altersvorsorge (bAV) through work, so this is does not need to be invested as long-term retirement. Particularly, since my understanding is that German retirement funds are complicated for US citizens, who don't retire in Germany. My plan was to invest in a portfolio of accumulating ETFs and not touch it for 10 years (as long as I stay in Germany). + +Questions: + +\#1 My bank (Sparkasse only because they offered me the best interest rate on my apartment) offers "free" access to their depot. Is there any advantage to using this? + +\#2 Would I be better off opening an account with Ing, DKB or Degiro? + +\#3 Sparkasse pushed UCITS and Immobilienfonds, I assume because of commission fees. Is there there any argument for UCITS and Immobilienfonds rather than accumulating ETFs over 10 years? + +\#4 I've seen a few posts suggesting to "seek a professional, all the "free investment portfolio" have shitty terms & conditions, like saying "no initial sales charge" but they actually take 5% (also for ETFs) when you take money out. ". Would I be better off looking for a Honorarberator? + +&#x200B; + +This is new territory for me, so thanks in advance for your thoughts +Hi, + +My mother is 10 years away from retirement and has 10K on top of her 15k emergency fund which is currently just sitting in a savings account. She can also save about €200 to invest. She is already maxing out her goverment insentivised investment plan but this is only €980 per year. She is open to investing the extra money but doesn't have a lot of knowledge about investing. We live in Belgium so there is a 30% tax on dividends so i'm looking for accumulating funds. + +My current picks are: + +40% Vanguard Global Minimum Volatility UCITS ETF - VMVL - IE00BYYR0C64 + +60% iShares Core MSCI World UCITS ETF - IWDA - IE00B4L5Y983 + +We would be investing through DEGIRO. + +I limited the exposure to emerging markets to limit the volatility which is also why i didn't replace IWDA with VWCE. + +Do you guys have any advice or better funds? + +Thanks in advance. +I was wondering if 800 euros a month would be enough for a family of 3. This 800 is excluding rent for the apartment. My GF is not in a position to work and our baby is due to be born in August +TL;DR at the end. + +I have been looking for websites/apps that help to manage portfolios with no success. Most of them don't support + +* different currencies, even if they do, don't cover all cases (I will leave an example at the end); +* portfolio rebalancing features with categories; +* all ETF's; +* net worth functions and so on... + +Some of them are only available in the US/Canada. Adding less functional brokers on top of these, what type of features were you looking in those websites/apps and didn't find? Or if you found *the one*, do you mind sharing? + +An example of the problem that annoys me the most: + +*Let's assume, last month I bought 1 share of Apple for 100$, 1$ = 0.9€, therefore, I paid 90€. Now, it is 200$ and 1$ = 0.8€. Most of the portfolio managers show 200$-100$ = 100$ gain! The ones that support different currencies: 200$ - 100$ = 100$ = 80€ gain (current exchange). I want, I believe the same for most of the people who use a different currency as their main: 200$ = 160€ (current exchange), 160€ - 90€ (the one I paid) = 70€ gain. If I sell now, that is my actual gain.* + +I hope this post is not considered as a survey, but people who are into investing helping each other. + +**TL;DR:** As a European with a different currency, expensive and less functional brokers, some nice apps not being available outside US/Canada or not supporting different currencies, what type of features and functionalities do you need on portfolio manager websites/apps? Or in any tools that help you in this journey? If you already found *the one*, do you mind sharing it? +I intend to allocate about 70% of my saving, plus 50% of my income into a diversified, long-term portfolio. +I am based in NL, but I do plan to move around in Europe (as I have). + +The goal is to reach financial independence by supplementing this portfolio, eventually (but not necessarily) with individual stocks and other investment. +So this is meant to be a basis for my investment, which I then would it like to be "enough" if I decided not to invest in anything else (meaning good enough returns with high enough risk for the goal of financial independence). + +Reading around I found the multi-factor risk exposure appealing, so I created this portfolio sketch: + +ETFs | Allocation +---------|---------- +Vanguard FTSE All-World U.ETF|30% +iShares Core S&P 500 UCITS ETF USD (Acc)|27% +iShares Core MSCI EM IMI UCITS ETF USD Acc|3% +iShares Edge MSCI Eu Min Vol ESG UCITS ETF EUR A|5% +iShares Edge MSCI Wld Min Vol UCITS ETF USD A|5% +iShares Edge MSCI Wld Qual Factor UCITS ETF USD|5% +iShares Edge MSCI Wld ValFactor UCITS ETF USD A|5% +iShares Edge MSCI WrldMmtFactor UCITS ETF USD Acc|5% +iShares EdgeMSCIEurMomentumFactorUCITS ETF EUR Acc|5% +SPDR MSCI Europe Small Cap Val Weighted UCITS ETF|5% +SPDR MSCI USA Small Cap Value Weighted UCITS ETF|5% + +I plan to add sector specific ETF, such as technology. + +Questions: + +* what flaws do you see in this allocation and selection? +* what range of returns could I expect from this portfolio? +* does the exposure to the VWCE need to be this large? I saw it often in multi factor portofolios, do not know why. +* is it sensible to add the S&P500? Should I eventually add the equivalent for Europe/China? +* I do not understand where the exposure to large-cap would come from, if S&P500 would be removed. I often do not see the S&P500 in multi-factor portofolios + +My other investment are very small and non-methodical: I own some crypto and I have a tiny position in crowd-real estate. + +I should also mention that I do plan on buying a house in 5-10 years time. I am not sure how to merge the two issues atm.. + +Any comment or suggestion is very welcome, as I recognize my clear ignorance in the topic and I am proceeding a little bit by tentatives. +Stop out then it’s just a fake out. Resistance break to the opposite side then consolidate and turn back my way. I find myself saying I should’ve stuck with my original plan too often but am practicing keeping losses small. Shits just irritating me. Anyone have advice for this? +Most successful day traders say that they have found a winning strategy (or a few of them) and they follow them religiously. They try to remove emotion from the trading, as emotion can lead to catastrophic results. + +However, if you are very locked in to your strategies and don't trade on emotion, can you replace your manual buy/sell actions by a computer? If yes, why haven't you just automated the process? If not, what do you think makes you superior to a computer program? +Today as in January 3. + +https://blockchain.info/block-index/14849 + +Forget about GAW for a moment, and take some time to appreciate Bitcoin's first 6 years of existence. +TLDR - None of you should care about the dates, the options chain or the HYPE posts. They are fucking with your minds to exhaust you into selling. + +The are so many posts out there regarding Hype, dates, Dr.Metzler, timing of defaults and margin calls or I lost my job on my bday or near Christmas. +You all need to take a step back and realize the MOASS is going to happen but you're up against rich and powerful people that are using every nasty trick in the books. + +Definition of psyops +: military operations usually aimed at influencing the enemy's state of mind through noncombative means (such as distribution of leaflets) or date/hype/so called experts. + +The only things that matter BUY/HODL/DRS if you can.. + +STOP the Hype posts. If you really want to post something for HYPE - THE MOASS WILL HAPPEN WHEN IT HAPPENS AND YOU WILL BE FILTHY RICH. That's all you should be saying. + +So once again pump the brakes on the Hype/dates etc... can you image all of the shrinks us GME'ers will need later? Ah well I'll have the money for it. + +FUCK YOU KENNY. +There will be a discussion by SEC’s New York Regional Office and the Retail Strategy Task Force covering: + +•trading based upon information on social media + +• things to consider when using a brokerage firm that does not charge commissions + +• cryptocurrency + +Co-hosted by Fordham’s Law School and Fordham’s Gabelli School of Business, this panel will feature representatives from the SEC, the CTFC, and FINRA who will cover topics that include the following: + +· Online investing misinformation +· Options and margin trading +· Zero commission trading +· How to research investments and investment professionals + +JUNE 8, 2021 | 5:00 PM + +Register: +https://fordham.zoom.us/webinar/register/WN_E1NX7RhMRb-MYFvrdlMysg + +Note: I have no personal opinion on this discussion. I’m just passing it along in case it is of interest to anyone new, or experienced. I don’t endorse the subject matter in any way. +Am I the only one here who thinks these donuts are getting stale? (see what I did there :P) + +What I mean is: + +1 + +At first it was cool, then it got old really quick + +A. A lot of posts about them... Move to another subreddit cool + + B. Alot of problems. We have polls about voting in polls now. + +C. The method for using and getting donuts is very subpar and reaks of "came up with this token idea in my basement one day". + +To expand on why these are bad methods of transacting and allocating tokens + + + 2 + + A. We never set up a way to regulate or monitor who is getting large amounts of these, who is playing the system, and what moderators can do. + + +B. For example, who owns the communityPoints account? This account has the ability to completely crash the entire system set up for donuts. + + +C. Why are we sending donuts to a bot to get them on a website? Is there no better way? If these have value now I'm trusting some random reddit account with my tokens and hoping they provide them to me on the other end. + +None of these methods for transacting are ideal at all and are backwards to what we are trying to build with the ethereum ecosystem.. + + +3 + +A. Why do these have value now? If the subreddit said "we are making an erc20 for the karma on the subreddit and it has value that can exchanged" everyone would have a hissy fit. Is this the new ethtrader ICO? Moderators get a large chunk, are they trying to make profit from this? + + + +Look, I get it, it was a cool idea and experiment. But it's gone too far now, we have value being exchanged for farmable and exploitable karma points. We have people in power for a token that are not either known or supported as founder/owner of donuts. + +Finally it puts ethtrader at a risk, since people may want to exploit the system for profit. + + +I vote we remove donuts, meaning the subreddit no longer supports them as the "official" anything + + +This isn't new BTW, we could have made an erc20 for every subreddit by now. The reason we didn't is because it reaks of an ICO or way to sell fake tokens to people for real ether. + + + +Finally, if we are gonna do this, do it legitamitely. Get real people in charge, with real expectations, real exchanges supporting the token, and real mechanics to prevent abuse. + + +That's my rant against donuts. Am I the only one that feels this way? + + + + +Forgive the grammar mistakes, wrote this on mobile +I just need some advice. I’m 21 years old and lost a total of $50,000 of life savings in stocks/Roth. What can I do moving forward to build my way back into wealth? I was day trading and I had $17,000 in my Roth I now have 2,000 in my Roth. I bought leaps in ARKK , ARKF, APPL and AMD and I’ve lost over 80% on all calls. They all have expiration of 2022. I lost the other 30k in day trading. I had wins here and there but with that recent stock crash in March I have lost everything and it still continues to fall. Please help me guys. +Partner and I plan on making large life changes in about 9 years (kids gotta grow up and such), and I want to start saving for it now. I can only contribute about $15 from each paycheck, or $30 a month. I'd like it to be automatically deducted each paycheck. Wondering if there's a smarter way to do this than just a traditional savings account. I don't want to touch the money until it's time to spend it all. Thank you for your help! +My dad made an investment 30 years ago into an average priced house that skyrocketed in value due to the location in London. He recently paid the mortgage off so it’s all his. This is the house my older brother and I were both born and raised in. + +My older brother still lives there with my parents. I study and live term time next to my university and come home in between. I don’t see myself settling down in my family home. My brother does and is getting married soon. He would also be happy for me to stay there, even though I won’t. + +We will be inheriting 50/50. My brother wouldn’t want my share or buy me out as he couldn’t afford it. My dad doesn’t really want to change the inheritance split as he wants what he worked for to go equally to his children. + +What can I prepare in advance of inheriting this house? My parents are 60 and 50 respectively and I hope have a long time ahead. My main worry is being stuck with paying off a large portion of tax for a house I’ll have nothing to do with when I’ll be stuck with my own mortgage and such at the time. +https://www.cnbc.com/2020/09/13/mulan-scores-23point2-million-during-opening-weekend-in-china-.html + +Heading into the weekend, the film's perception with the public had been marred by calls for boycotts and a smattering of poor reviews. + +The studio estimated that around 91% of China's theaters were open over the weekend, the majority of which had a 50% cap on attendance. +$STARL had an explosive weekend, breaking both $100 million mcap and 10,000 holders! The recent updates regarding StarLink's 3D metaverse as well as the increasing popularity of NFTs have put a lot of new eyes on this project. + +A little over a week ago, Starlink released an update about their 3D metaverse, where users can chat with each other, trade NFTs, play games, and interact with their virtual real-estate. Progress on the metaverse was shown on Youtube: [https://www.youtube.com/watch?v=wR0WXyPvS\_I](https://www.youtube.com/watch?v=wR0WXyPvS_I) + +⭐️Metaverse Updates⭐️ +\* Multiplayer mode. People from all around the world can play in the same instance + +\* Chat + +\* Name tags + +\* Metamask integration + +\* Many fixes in the starbase + +\* New HUD display + +\* Main menu to adjust essential settings like FOV, Mouse sensitivity and more + +⭐️Released on July 1st, Starlink has already made great strides with both their NFT platform and 3D metaverse. + +⭐️Digital real-estate is a very new market and $STARL is the first centered around space! + +**Tokenomics:** + +No Taxes, Fees. presale or Dev tokens with 100% of tokens added into the LP at launch + +Currently at $50 million mcap with an ATH of $130 mil! + +**🚀Official Links🚀** + +🌐 Website [https://www.starltoken.com/](https://www.starltoken.com/) + +🐦 Twitter [https://twitter.com/StarLinkETH](https://twitter.com/StarLinkETH) + +📱Telegram [https://t.me/starlinkofficial](https://t.me/starlinkofficial) + +👉🏼Contract [https://etherscan.io/address/0xa221af4a429b734abb1cc53fbd0c1d0fa47e1494](https://etherscan.io/address/0xa221af4a429b734abb1cc53fbd0c1d0fa47e1494) + +📈CHART [https://www.dextools.io/app/uniswap/pair-explorer/0xa5e9c917b4b821e4e0a5bbefce078ab6540d6b5e](https://www.dextools.io/app/uniswap/pair-explorer/0xa5e9c917b4b821e4e0a5bbefce078ab6540d6b5e) +I've read the sidebar and tried reading into S&S ISA but I'm getting a bit confused and thought it might be easier to ask for help (sorry). + +I want to invest £50 every month from my salary into the stock market. I don't have any debts at the moment and have just over £10k in a cash ISA and help to buy ISA which I've had open for a couple of years now. No debts and I'm making enough to save a little every month even after this £50 is taken out. + +I want to have the option to choose how I invest the £50 each month. It may be in a specific stock or it may be in a managed portfolio. In all likelihood I will probably bounce between the two each month as I'm not too concerned about the risks of individual stocks but won't want to put all my money in a few baskets. I don't plan on withdrawing the money in the near future at all unless there's an emergency. + +Please can someone explain to me what the best options are? Am I eligible for a S&S ISA, and if so is there a recommended platform which will let me choose my stocks in the way I am describing? + +Many thanks and sorry if this is a repetitive question, as I said I did try this on my own but I'm not confident that I understand it enough. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +We hear about property prices growing all the time, but is anyone actually seeing it with their own eyes? I bought an apartment in the inner west in late 2017. 4 years later The places in my area are still selling at a 10% discount to where they were in 2017. + +Now people are talking about rate rises and just recovering to break even is looking even less likely +I'm an investor with little to no income at the moment because my investments are all capital appreciation focused and am also retired from the workforce (33y.o), living off my investments. + +I was recently declined increasing my credit card limit, I presume, because I have no income. + +While I understand the 'why' of this (serviceability), I also know that wealthy people discuss having lines of credit against their financial assets (Apple stock being one example given). + +How does one go about getting this service? + +What is some other general advice you would have when dealing with a situation like mine. + +Thanks. +I see a lot of poor advice on this sub with people advising others that paying off collections will increase your credit score by a lot or quickly. This is not the case. Paying them off might help you get a loan if you are working with an underwriter and they ask you to pay them off, but that negative remark stays a negative remark regardless of whether you owe $1000 or $0 unless you can get it removed entirely from your report. + +If you aren’t getting a loan anytime soon, your best bet would be to build up an emergency fund if you can BEFORE paying any collections. You could also just wait till they fall off your report in 7 years but beware, if you speak to the collection agency and admit to the debt or arrange payments the time clock will start over! + +The best strategies in my opinion to take care of collections are these in order of most preferred to least preferred. + +1) dispute the collection +2) try to negotiate a pay for delete +3) try to bargain down the amount you pay, then pay it and try to dispute after to have it removed. +4) let it sit there and fall off after 7 years +5) pay it and let it sit as a derogatory remark affecting your credit score almost the same as if you didn’t pay it. (I would only advise this if a lender asks you to do so in order to obtain a loan) + +https://www.moneytalksnews.com/ask-stacy-will-paying-old-debts-improve-credit-score/ + +https://www.creditsesame.com/blog/debt/will-paying-off-delinquent-debts-improve-my-credit-score/ + +https://www.creditkarma.com/question/if-i-pay-off-a-collection-account-will-my-credit-score-improve + +https://www.creditrepair.com/blog/credit-repair/what-happens-to-your-credit-when-you-pay-off-collections-accounts/ + +If you want your score to improve quickly, it would be better to take out a secured credit card with that money instead and only charge a very small about on it and pay it off entirely each month. + +I spent years improving my destroyed credit, and I’m glad I was never told to pay my collections off to improve my score because that would have taken a lot longer. + +Edit* pro tip: if you are planning on paying your collections off anyway, take out a secured credit card first then use it to pay small amounts on the collections each month. If you pay your credit card immediately afterwards you won’t pay any interest on it and you will be establishing a payment history as well as paying off collections at the same time. + +Edit 2: it has been pointed out that I should mention that even if you get the collection removed off of your report, you still owe the debt and it is possible the collector could take legal action against you. I added it up here so that people wouldn’t need to read through the comments to see this information. Thank you to the commenters who requested I include this in the post :) +My dad planned on leaving our apartment complex but is now looking too late for a new place to live realizing the current state of apartment prices are higher than ever so he tried to renew the lease but couldn't. He said he'll look around for hotels if nothing comes up but that's kinda concerning bc we have 6 days to find a new place. + +Im considering packing all my clothes and moving into my car. Im looking at the fact we might become homeless and I'll be sleeping in my backseat for the start of the new year. +i'm so tired. i'm so sick of going to bed hungry and going to work hungry. i'm so fucking sick of not knowing if i got my shit covered this month. will my phone be shut off? what about the electric? is my cat fed? am i fed? can i make rent? i always feel like i'm drowning. i'm so tired. + +edit: hi everyone, thank you so much for the support. i can't reply to everyone. there's some really great advice in the comments, especially for helping my cat out. i'll be looking into resources for her so, thank you! i'm already utilizing food banks but sometimes it's just not enough. i've decided i'm going to ask for help and try to receive some social services/ gov assistance. thank you all again. +Hey all, + +I am curious what you guys do with the losses in your TFSA! + +Do you ride out the waves, DCA down, or take a loss, and plunk the money into one of your “winning” stocks? + +I have a few that I am unsure what I want to do.... it is not like I need this money now, and can wait until a “hopeful” spike in the price... but curious what others do with their losses. + +Please feel free to discuss down below. + +An important thing to mention is that I am 22, and have a long-term mindset. + +I am considering just chucking all of my money in my TFSA into XEQT, AAPL, and BNS. + +Have a great day. + +Take care. + +Stay safe. + +#Edit + +My losers are Kinross Gold, NIO , WELL , and AQN. I am also on a “loss” with Disney, however I am “long” on it... +Hey all, + +I am curious what you guys do with the losses in your TFSA! + +Do you ride out the waves, DCA down, or take a loss, and plunk the money into one of your “winning” stocks? + +I have a few that I am unsure what I want to do.... it is not like I need this money now, and can wait until a “hopeful” spike in the price... but curious what others do with their losses. + +Please feel free to discuss down below. + +An important thing to mention is that I am 22, and have a long-term mindset. + +I am considering just chucking all of my money in my TFSA into XEQT, AAPL, and BNS. + +Have a great day. + +Take care. + +Stay safe. + +#Edit + +My losers are Kinross Gold, NIO , WELL , and AQN. I am also on a “loss” with Disney, however I am “long” on it... +Has anyone else encountered this? + +I stopped in to a local record store the other day, found a few picks, and at checkout presented my Coinbase Debit Card. Guy at the register looks at it for a moment and hands it back saying he can't accept this form of payment. I explain it's just a debit card, and if he runs it it'll be charged just like any other debit card, but he insists on not accepting it. In an extremely rare turn of events I decide to be a bit assertive (really wanted that XLM I guess) and ask if a manager is available so I can explain, and he replied that he owns the place so it's his call. I ended up using another form of payment only because one of my picks was rare and severely underpriced, but left wondering why any business owner would turn it down. + +Anyone know if there was a legit reason, or was this guy just not accepting it on "principle" or something? + +EDIT: I did point out the Visa logo, but he just kind of waved it off like it wasn't sufficient and repeated that I'd have to use something else (a different Visa lol). + +EDIT 2: This happened in the U.S. +I understand how apes feel when apes see others missing out on the situation with GME and how people outside of this and related subs are out of touch and ignorant about what’s happening. + +Apes can help those who are in need post MOASS with all the gains. I have no doubt that many of the apes in the forum will in fact do what they can with their newfound wealth to make the world a better place. But rn, there is no need to convince others in unrelated subs to join the fight. Apes most likely already own multiple times the float. + +Like many have seen before, they’ll call apes of this community idiots, shit on the god tier DD’s, question the motives of the AMA’s, point to shitposts and non-DD’s, call apes **cultists**, etc. But they can’t back their claims bc they most likely have no idea about what’s going on with GME. + +Those who know and have been following this situation closely know all the fuckery that’s been going on and have more knowledge and understanding than those on the other subs. When the time comes, trust me, FOMO will kick in. Like with Dr. Burry and DFV, the apes time will come. + +TL;DR: + +Just wanted to say that there is no need to try to convince folks on the other subs to join in on GME. I know the intentions are good and want to educate and help others. Apes can do that with the new found wealth post MOASS. Take care of yourselves and your loved ones first. + + +All that is required is to + + **BUY HODL VOTE** 💎🙌 + + +Thank you ❤️ + +Edit: + +A warm welcome to all those who have decided to join the apes in this journey!! Please take the time to read the DD’s in support of the MOASS theory, which brokerages are safe to use, FUD tactics, how to protect new found wealth, direction the company is headed towards etc. and make your decisions based on your own due diligence. + +Also, please don’t get me wrong, apes don’t alienate potential apes. Remember the message to be excellent to each other!! +# TLDR: + +# 'Forum sliding’ + +* Good DD comes out but shills make old post more active thus pushing the new DD to the bottom + * The stock is up bc of new’s/DD but the sub is nothing but memes/noise + +# 'Consensus Cracking’ + +* New DD comes out but fake accounts/shills write up the same thing but dumb it down/flip the view point over time + * Take everything for a small grain of salt + +# 'Topic Dilution’ + +* Trolling +* Non-related posts + * Literally memes + * Keeps the public from being productive + +# 'Information Collection’ + +* “WhAt ArE yOuR pOsItIoNs/ HoW mAnY sHarEs” + * HF’s pay an absurd amount of money to collect data nobody else has and this just gives them strategic price points + +# ‘Anger Trolling’ + +* Using statistics to bend the truth +* Gaslighting + * Public figures + * Cramer + +# ‘Gaining Full Control’ + +* Corrupting the mods + * The fall of WSB + +&#x200B; + +&#x200B; + +https://preview.redd.it/e60sxno7ecw61.png?width=1169&format=png&auto=webp&s=0d4c4daca6a2a08a1b1b2f30a8444cd65e184535 +I'm posting this on behalf of my friend. The state is Wisconsin. The college is University of Wisconsin - Eau Claire. + +My friends parents run their own small business, which had been doing alright for over 20 years, but the past few years and especially the past two years have been very hard for them. My friend does not have any financial aid and last spring their parents were unable to pay their tuition. Their dad said he would handle it and get things worked out. + +That was last year. Since then, my friend has been out of school working and had assumed their dad worked things out with the school. Recently, they noticed that their wages were being garnished. They talked to their dad and he acted like nothing was wrong and said the garnishments were ok. It came to light that their dad did nothing to deal with the unpaid tuition. My friend currently has very little information about what they owe or what information the school told their dad. Last week my friends bank account was levied and all of their money was taken (a few hundred dollars). My friend is still living at home with their family and together they have not been doing well, their parents are likely going to have to file for bankruptcy (chapter 13?) soon. + +My friend has dealt with a lot of mental health issues before this came up, and now they're struggling very much with all of this. They have lost all trust in their father and it seems likely their parents will be getting divorced soon too. My friend is a shell of their former self and it seems like they've completely given up on themselves. It really hurts for me to see this and I would like to help them navigate their next steps. + +I know that I don't know all of the details, but I really want to help my friend figure things out. They're very scared and feel like their financial future is completely ruined. + +Any advice is appreciated. I'll do my best to answer any questions. + +Edit: A little more information my friend was reluctant to tell me. Their dad has not filled taxes for the past few years. +As we all know, the "Buy" button went down on Jan 28th. We saw the garbage that took place right after (and which continues through today). Needless to say, the shorted shares have only grown larger. + +**Topline Crazy** + +Since January 29th an additional 121 Million Shares are the minimum number shorted. We know the shorts hadn't closed those available and we know there have been a crazy amount of long buyers since January 29th. The number is likely higher, but we have a starting point. + +**Time For Math** + +The data us "poors" have are limited, but still provide insight into where things are. One thing that has been fairly intuitive has been the short-to-total volume ratio. Yes, I pulled this metric out of my butt (think opposite of the banana with Mr Spades). What is this you ask, it is the ratio with which a net short position is created if only short closing was done on a trading day. We can look at this data from FINRA here: + +[Short Sale Volume Data | FINRA.org](https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data) + +Now, for the assumptions - short position opened and short position closed the same day. We don't consider a long position and also lump in short exempt volume as standard short volume due to the proverbial tomfoolery seen by the SHF. Let's practice + +Short Volume = 9 shares + +Short Exempt Volume = 1 share + +Total Volume = 15 shares + +Net Short position = 5 shares short + +We assume a short position is closed up to the point we hit total volume and whatever remaining is considered the net position. What happens if we have a net long position. Let's take a look: + +Short Volume = 6 shares + +Short Exempt Volume = 1 share + +Total Volume = 15 shares + +Net Short position = (1) shares long + +Given that a buyback of the initial short shares occurred within the same trading day, this would mean there is a chance that those short positions were closed. + +Now, one thing we cannot see is whether a daily short position was closed the same day or if it remains open. The only thing we can see is that the short interest is up or down which can be masked with a whole series of crazy derivatives, swaps, futures, etc. (more to come here). Bottomline - if no one has gone long since January 29th, there would still be 121 million shares shorted + +**Futures and Margin** + +Now, fingers crossed on an NFT. Fingers crossed on another magical catalyst. Fingers crossed on a super event (like we saw with BBBY for a hot minute). Whatever may happen will be needed given the likelihood that Futures have provided a leveraged cover (probably in the 10-25X range). What does that mean? + +Whenever we buy a spread, we cover ourselves in one direction and limit our exposure. The assumptions based on the DD is that Futures contracts are driving a lot of the activity inclusive of bucketed swaps and are helping to provide the exposure coverage. The challenge we have is that these Futures contracts are likely heavily leveraged in order to offset what the cost of covering is for SHF. + +What do you mean by reducing the cost? Well if it would cost $25 for an option to cover a position and you now layer in 25X leverage, that coverage drops to $1. Now, my guess is that the $350 level is an issue because it hits margin costs to a point where that $1 may move to $5, $10, $20, whatever and therefore it becomes too expensive to cover. It also means that covering 4% of shares instead of 100% of shares is only needed. + +The Gamma ramping we see and other surging events allow for us to breakthrough at times, but a big catalyst will be needed for us to really power through. This is not for us to buy options, hell no. Buy. Hold. Chill. Time is on our side and not the SHF. We just have to know that a catalyst is needed and that is okay. Patience friends! + +&#x200B; + +Edit: Minor tweak to the TLDR +Title is pretty self explanatory, my mums been with her current employer for 25 years and as such was entitled to a one off £300 bonus - happy days. + +Since then she's noticed more £300 payments paid into her account every month since August. She's raised it to her management who don't seem to be interested and her bank don't seem to be doing much about it either. + +Now while this definitely falls into the "good problem" category I've told her to go to her HR dept as they should be able to get to the bottom of it. + +While the first few payments had a reference making clear it was coming from her employer the most recent payment hasn't which has set alarm bells ringing for my mum who's pretty keen to pay back what seems to be some sort of error. + +Has anyone else been in this sort of situation, do you have any advice? +I was bringing home maybe $600/month, $700 if I really worked a lot. + +I had a $200/month car payment. I couldn't afford car insurance. I could afford my phone at least, during the time it was all basic smartphones on the market. I ate mostly fast food and the cheapest foods from Aldi. (Aldi canned pasta, anyone?) I bought all my clothes off clearance racks from the big box store I worked at, because I got a discount. + +I crashed at friend's houses/apartments because I couldn't afford any rent whatsoever. My mom and grandpa (I don't have good relationships with my family, I moved out at 19) kept trying to get me to join the army. What a fucking laugh. I was overweight, not in shape at all, very suicidal and had been in the psych ward 2x, put on medications multiple times, and suffering from undiagnosed PTSD. I have complete mental breakdowns if anyone yells at me. Like the military would ever accept me. I tried explaining this to my grandpa, that the army won't take me, and he called me lazy. + +I lived with a few people who were borderline alcoholics. One guy would punch holes in the walls when angry. + +I also lived with hoarders at one point. There were holes in the bathroom floor. The dog would constantly barge into my room to shit on my bed and laptop. They refused to train him. Garbage and junk everywhere. + +Everywhere I lived, I felt unwelcome and unwanted. + +I job hunted. No better, higher paying job ever called me back. + +The only way I got out of this was by signing up for college. I used my FAFSA loan money to find a decent room for rent and to pay for anything I needed. I worked 2 or 3 jobs while studying for school. An old friend of mine got me a better job and my grandpa gave me his old car. Everything else I needed, I paid for myself. + +I swear I still have PTSD from all of this. Even though I'm in a much better position in life now, 10 years later. I'm still terrified it's all going to be taken away from me. + +I wasn't allowed to watch TV as a kid, and for years I couldn't afford to buy one. Now I have one that I watch every night before bed. + +I would freak out whenever my car broke down. Now I plan on buying something extremely reliable, like a Corolla. I have the money to do so. + +I would freak out whenever I got sick. Now I found a job that pays enough, and once I work there long enough I will be offered insurance. + +I could go on and on about the stuff I didn't have then, that I have now. But I swear that the better my life gets, the less it feels real and the more afraid I am that it's all going to be taken away from me. +Narration: +My life as a quant - emmanuel derman +Flash boys - michael lewis +Dark pools - scott patterson +The black swan - taleb + +More accademic: +High frequency trading - aldridge +Quantitatibe trading - ernie chang +I’ve almost finished reading Andrew Aziz’s book – How to Day Trade for a Living. As a complete beginner to this whole trading world, it’s been a very informative and helpful read (if you haven’t read it, it’s not a ‘get rich quick’ book, as the title may make it seem). + +One of the recurring themes in the book is the idea that as a day trader you are competing against computers running algorithms, so your job is to exploit the things they miss and catch the moves they can’t catch (in very rough terms, I’ve likely butchered some of his philosophy there). + +However, he also goes on to say that all trades should be planned with a clear strategy and pre-determined entry and exit points etc... basically, have a plan and stick to it. All great advice. My question is this: if you have a strict trading strategy with identifiable parameters that pre-determine the decisions you will make, why can’t this be turned into an algorithm? Why does he insist that it’s day trader vs machine? Are there downfalls to having a day trading algorithm that I’m not seeing as a beginner? +I'm developing a custom chart. I've tried a few example scripts for pyqtgraph's gpu chart, but this seems to only provide a three dimensional chart which is not what I need. It seems there's a workaround to make it behave like a 2d chart but this is not the only problem i have with this chart. I also would like to have the y axis labels to show the price levels, which this chart library seems to lack. + +edit: Sorry for the typo in the title. I meant "acceleratable". +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Bank interest rates are flying up (and will continue to with the base rate predicted to be 5%+ next year). + +YBS now offer the best easy access rate: 2.5% up to £5000, and 2% on everything above: https://www.ybs.co.uk/savings/easy-access + +It’s not quite what I would describe as easy access since it is only two withdrawals a year, but perfect for an emergency fund. + +YBS also seem to regularly raise their rate, and have some good loyalty accounts such as the 5% regular saver. + +As always, keep an eye on MSE for the best rates: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#types +Ideally I would be trading NQ futures, but the risk of eventually losing the entire account with them seems to be extremely high. + +I know that TQQQ / SQQQ leveraged ETFs are far less liquid, but how liquid are they in practice for day trading? + +What is the maximum order size that can be traded with limit orders without too much slippage? +Every time the market looks like it's going into a tailspin Trump goes on Twitter and says every is going great and the negotiations with China are going well, despite they're being no end in sight. + +Don't people realize that he's just manipulating them to save the market from crashing??? +Dear Bitcoin, I bought some of you but you still ain't mooned + +I sold my car, my valuables and the coins from the couch that were at the bottom + +I sent two bitcoin To Bill Gates in exchange for 10 but he must not-a got 'em + +There probably was a problem on the exchange or somethin' + +Sometimes I scribble addresses too sloppy when I jot 'em + +But anyways, fuck it, when lambo man? When's your bottom? + +My girlfriend's buying too, I'm 'bout to be a financial advisor + +If I make my own token, guess what ima call it? + +Something with a dog. + +I read about the China news too I'm sorry + +I had a friend sell his Bitcoin and say he didnt want em + +I know you probly hear this every day, but I'm your biggest fan + +I just lost all my bitcoin in some scam + +I had a drive full of your coins and your wallets man + +So i bought some more with my latest paycheck, that shit was fat + +Anyways, I hope you moon soon man, hit some green + +Just to stack, truly yours, your biggest fan + +Diamond hand +Long story short I owe my parents $3000. I need help. If I don’t get them that money by August then I can’t go to school.. which I need as soon as possible I do not want to wait another year. + + +Any ways to make decent money in that time span? My current job started full time but recently I’ve only been working like two days a week and that won’t get it done. My monthly expenses are about $200 (insurance and phone) + + +Please help me:) + + +Edit: + + +To clear a few things up: I live in Illinois outside of Chicago. I live with my parents. I owe them this money because I stopped going to Community after a few weeks last fall and they figured I should pay the money back +[Here](http://www.reddit.com/r/personalfinance/comments/122jbk/does_this_student_loan401k_plan_make_sense/) is the original post. And [here is a graph](http://i.imgur.com/YXgU7jD.jpg) of the result. + +The spikes you see on the graph are from selling my "fun" stock (thanks AAPL and GILD), bonuses, tax returns, and 2 extra paychecks a year (from being paid every 2 weeks instead of twice a month). + +Once I got the ball rolling, motivation kicked in and I couldn't wait to update my spreadsheet every month. I maintained a $10,000 emergency fund throughout the whole process, but dug into that fund to pay the final $2000 with the idea of replenishing it next month. +It feels great to have that monkey off my back. + +BTW, I make low $100,000s and have 3 kids and a stay-at-home wife. +__________________ +Edit: Lots of comments below about how easy it must to pay off that much debt with a 6-figure salary. A couple of points here: We live as frugally as possible - no cable, no land-line, shop at thrift stores and Aldi, we drive a 15 year old corolla and a 10 year old minivan, rarely eat out, take vacations, etc. Sure, I was able to knock down the debt quicker than most, but the same principles of PF still apply - don't live beyond your means, budget, prioritize debt, etc. + +Also, there are questions about whether I would have been better off hanging on to that debt and investing the money instead. Just looking at interest rates vs rates of return, the answer is obvious in hind-sight. However, I really wanted to be debt-free and was willing to sacrifice a bit of future return to make it happen. The added security, plus knowing that my wife and kids wouldn't be saddled with that debt if something were to happen to me, makes the decision to pay it off aggressively worth it in my mind. Now I plan to replenish my emergency fund and contribute heavily to retirement to help make up some of the difference. The amount I was putting to the student loans is getting rolled right into retirement (and getting a bit more aggressive on the mortgage); we'll continue to live our frugal lifestyle. + +Edit 2: For anyone asking for a link to the blank spreadsheet, you can find it here: https://www.sendspace.com/file/x7x53o +Fill in the starting balance at the top of the "balance sheet" tab and update the shaded columns every time you make a payment. It will calculate the remaining balance, total paid, and percent of debt remaining. You'll want to tweak it so that the graph only displays the cells with actual data in them. + +Edit 3: Just to clarify, I still made 401K contributions up to my employer match (6%). So I was still investing the equivalent of 12% of my annual salary while aggressively paying down these student loans. I didn't walk away from any free money. +I have tenants that have been living in a property I own for over a year now. Today I got a text message saying that they discovered a bunch of nails on the gravel parking pad at the back of the house. + +They told me that they have had three flat tires since they've moved in and believe that this is the cause. The nails have been removed but tenant's are upset about the flats they have received + +I'm not sure how to respond. Am i to blame for the flats? + +Edit: they also sent me a text saying the property should have been properly inspected. Though they movied in during the winter months so there might have still been snow on the ground. Which is why I might have missed it. + +Edit 2: some people have asked if I have done recent construction or know how the nails got there. And the answer is no to each. +Here is my theory though: The property was a flip and was completely renovated. I faintly remember a big dumpster in the back of the house near the parking pad where a bunch of scraps were kept the first time I went to view the property as a prospective buyer. The dumpster was removed the next time. Didn't think much of it.then is snowed. Possible source of nails? But this was a year and a half ago. +I’m kind of an accidental real estate investor in the sense that i inherited a house in a different state (AL) that is rented out to someone. They have stopped paying and I would like to kick them out, but I’m 400 miles away and don’t have a property manager. +What should I do to get the eviction started? Do I need an attorney? If so, how much should I budget for the eviction process? +I am weighing on purchasing a 6 acre land that's in close to city center!, but it is land locked and may not get commercial zoning, etc. What other ideas I can use this land for if I get this land for really cheap and want to hold it for 10+ years? It has a small pond so has bit access to water. + +Throw me any wild ideas! + +Land is in Orland, FL + +Edit: half of it is Wetland/Lowland & half Ind Vacant Land -- current zoning. + +Edit1: I don't have any experience in real estate or with lands. I just have a fancy idea to own a land as farmhouse or something.. + +&#x200B; +My real estate experience so far: + +I started with a house hack and then kept my place when I moved out of state. I rented to friends for a while but then they moved too and I started renting to people I didn’t know. I had a series of very good tenants and saw excellent appreciation on the property so I recently did a cash out refi to buy two single family houses in cash to renovate, beginning my BRRRR journey. So far one is renovated and rented and the second is almost there. My amazing tenant of five years is moving on now so I am taking the opportunity to sell to get better cash flow with a 1031. I have identified a quadplex and am looking for a single family home but had some questions that I thought you guys could shed some light on. + +* Is the amount I need to spend on the two new properties the sale price of my original place or more with at least as much debt as I am currently carrying on the original place less selling and buying costs such as inspections, realtor fees, 1031 fees, wire fees etc…? + + +* Does each property I buy via the exchange have to have the same ratio of equity to debt or can they vary? + + +* Do I get to write off the full depreciation for the year or is it prorated up to the date of sale? + + +* I've written off $72,540 of depreciation on the original place since 2012, I assume that gets proportionally passed to the two new properties I am buying via the 1031 exchange, is that correct? + + +Hopefully these questions make sense, I really appreciate your help. + +Bonus Question: How did you find your accountant and how much do you pay them? +Hello Apes! + +Another ape who wished to remain anonymous asked for some assistance posting something, so here we are! Not just Ape no fight Ape, Ape Help Ape. WAGMI. + +\---- + +PLEASE DONT LET THIS GET BURIED IN THE CELEBRATING AND RC TWEETS! I hope everyone enjoys their drinks and good feelings, but lets take a minute to make sure that our fellow apes are good! + +Like the title says, I can't believe it's already the one year anniversary of our little sneeze (shorts still haven't covered/closed) and when RH messed with the buy button! + +I think today is also a good time to see if everyone doing okay? 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 mo 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. + +No one or there family should be without. We're all family here. Even if this helps a few people then it's been worth it. + +\---- + +I'll add my own **TLDR**: + +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. + +\—— +Edit: Adding in some helpful advice from a comment below. + +If you offer help here, add your region (not your exact location), so people who need help can DM you. + +As an example: someone may post they want to try and help in Western or Southern Europe, and you would message them. Alternatively, you could say I need help in eastern Canada, and people would reach out to you. + +Edit 2: Someone asked me how to spot scammers. Honestly, I have no idea. Go with your gut? +I think the biggest crypto hype is behind us. The meme and NFT melt-ups seems to have cooled down, leaving us with thousands projects which mostly are crap. + +At the same time there are super interesting projects that actually have a place in this world and will challenge Web2 and status quo. It reminds me of the dotcom era, which left us with some amazing companies after the largest part failed. + +I am looking for projects that are building, have real life usecase and will be around in 10 years time. So what Crypto or NFT project should I look into and tell me WHY! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +So I know that we have a contribution limit for a TFSA every year, and the total limit stacks all previous years on top. +And if I withdrawal money from my TFSA I can put that amount back into the TFSA in the next calendar year. +BUT what I am not finding an answer to is: IF you put money into your TFSA, and invested it and the stock blew up huge, if you withdrawal an amount higher then you have for contributions can you still put that extra amount in the next calendar year. + +I’ll put some numbers on just to make some sense. +Say you contribute $10,000 and that is your limit for the year. Invests the 10 g’s and the stock blows up to $1,000,000. Can you take out like 500,00 and be able to put the full 500,000 back in the next year or would it only allow a max of the contribution limits? +I did it guys, I opened my TOS account and threw a little cash in there. I have no hands on experience with day trading but would love some guidance and pointers. And what are some sources I could use to find what stocks are on the move? Thank you! +I work two jobs one from 6am to 3pm and another from 3:30~ to anywhere from 6-10pm. I haven't had a day off in over a month and I'm so tired. I finally have my birthday coming up which I have off for but then that's it, I work everyday and when I go into work tired in the morning I look it and always get comments "you're too young to be tired" "when I was your age I worked two jobs and raised a kid you have no excuse" I have health issues but even if I didn't I have every right to be tired it's my body!! And the people saying this I guarantee we're tired too when they were young but they just don't remember how it feels. The comments exhaust me even more and I just want it to stop. I work 75-80 hour weeks I think I'm allowed to be a bit tired. (I don't work both jobs everyday I have off 2 days a week from the first and 1-2 days off the second one they just never overlap). +This is a follow up to + +https://www.reddit.com/r/Bitcoin/comments/oda6uf/accidentally_sent_btc_to_an_input_address_from_a + +This all began on July 3rd. + +After I noticed the wallet I sent it to was an output address used by Kraken I immediately emailed them asking for help and what my options were. + +Over the course of the next week I sent many emails back and forth explaining the situation and how I meant to send it to a Coinbase wallet but accidentally long-pressed on an output address used in the transaction from Kraken to my Electrum wallet. + +Finally they send me an email saying they've identified the owner of the account and would be emailing them to ask if they would allow their email to be shared with me so we could actually speak and resolve the situation. + +The guy ended up being from Brazil and when he received the money he moved it to an online Casino where he proceeded to lose $2000 before seeing the email from Kraken. + +After seeing the email from Kraken, he actually emailed me! It took a lot of convincing that this wasn't some sort of elaborate scam and I explained that the $2k "lost" wouldnt be a problem if he returned the rest of the money. + +He wanted me to sign some sort of contract stating what happened, we both signed it and this morning I woke up to .10 in my Electrum wallet. + +Holy. Fucking. Shit. + +I just want to send a huge shout-out to Kraken for helping me navigate this ridiculous situation I put myself in. + +I want to send an even bigger shout-out to the man that received the coin and was willing to send what was remaining back. + +I don't even care about the $2k and I'm honestly hoping he just made that story about the casino up so he could keep the $2k because he deserves it and I know $2k goes a long fuckin way in Brazil so I honestly feel like really good about it. How could I not? + +I've never heard a story like this in the btc world. Ive been trading since 2013 and never made the mistake of sending money to the wrong address and the stories I've heard of people who have, I've never heard of a story of that btc being recovered in such a fashion. + +I am beside myself with joy. It looks like I'll be able to buy the car I want after all. + +I've always said I'm simultaneously the luckiest/unluckiest person I know and this is solid fuckin evidence right here. + +THANK YOU KRAKEN! + +THANK YOU UNNAMED BRAZILIAN GUY! + +I quite literally thought I lost that money for good and this whole ordeal has been such a whirlwind. I'm so glad it's been resolved but it wouldn't have been if I didn't study the Blockchain and followed the money, and even then 99.9% you won't get your money back but I actually fuckin did. + +I'm agnostic and this nearly made me believe in God lol + +This community is amazing and it was thanks to your help in my initial post, here I am, issue resolved ,15 days later, but resolved. + +Happy hodling! +BIG MOOSE $BIGMOOSE + +Big Moose has cracked the code to eliminate dumps and secure a run up. Scaled max transactions and sells. There is a limit to buys/sells, and it goes up, as the price and market cap rise. This implementations help to limit a project severely. Buy in now, for huge payoff later. On top of the amazing tokenomics, this project is safu, with liq locked, ownership renounced, and all funds locked down. + +Innovative Tokenomics: + +Scaled Max Transactions (Buys + Sells) + +Stealth Fair Launch + +Liquidity Locked + +Ownership Renounced + +&#x200B; + +This was created by our brave founders after realizing the immense dangers of constant dumping and whales in the crypto space. In order to stop this they worked on the project Little Moose + +After going from $0 market cap to $250k market cap, they realized this project had real potential. Now the final prototype, Big Moose is here to take over from his little brother. + +&#x200B; + +Here is the official token information: + +Address: 0xd0b61d2997932943867e406fd3473868b12f8915 + +Telegram: [https://t.me/bigmoosetoken](https://t.me/bigmoosetoken) + +&#x200B; + +Always conduct your own research, but it appears to be promising to me. Join us on these innovative project, venturing into new prairies of conductive tokenomics. +Been investing since 2015 , diamond hands even when it hit 3.8k last year , finally selling 1btc to put it down for house deposit , feel guilty about it but I ll slowly start buying btc till it moons, thanks reddit crypto community , you been an inspiration for my first crypto buy since 2015 x + +Edit: I still owe x amount of btc and other crypto assets. Yup am paying taxes on this. +Been investing since 2015 , diamond hands even when it hit 3.8k last year , finally selling 1btc to put it down for house deposit , feel guilty about it but I ll slowly start buying btc till it moons, thanks reddit crypto community , you been an inspiration for my first crypto buy since 2015 x + +Edit: I still owe x amount of btc and other crypto assets. Yup am paying taxes on this. +At the end of this year, we have decided to pull the plug at ages 49/40. We live in a MCOL city. + +Net worth of $5MM. $4.5 is invested (½ after tax, ½ pre) with home & rental equity comprising the rest. In 16 years, I will have a $35k/year (nonCOLA) pension kick in. + +Hourly advice takeaway I paid for last night: + +1. "Reconfigure your asset allocation from 95/5 index funds/bonds to 30/70, then up equities portion by 2% per year." +2. "Pay off your primary home and your rental home." + +My thoughts: + +1. Our allocation is currently absurd but I believe 30/70 to be even more absurd. I was thinking about 70/30 as a risk mitigation strategy. Maybe 60/40. 30/70 would actually work as our spend is only $110-120k per year. +2. I have our primary home financed at 2.75% and our rental is at 3.6%. We have $395k left on primary (worth $750k) and $215k left on the rental (worth $350k). I simply do not see any reason to pay off either with those rates attached. + +I am curious as to what forum members think of this and how you would handle a similar circumstance. + +Thanks for any input. +My brain did that funny thing this morning where it thinks of something either useful, or stupid and I can’t figure out which. + +My energy provider (OVO) offers me a level of interest on any money my account is in credit. From memory it’s 4%, but I can’t find detail of it to confirm and it seems bonkers so may not be the case. + +Regardless, I had the brainwave of paying a lump sum of ~£3,000 from savings into our energy account to cover energy costs for the next year. + +If I do earn 4% then that’s a sizeable amount of interest earned while paying bills, and I can continue paying into the account at my current rate to ride out any future price hikes and not worry about increased monthly outgoings. + +Interested to hear thoughts! +I’m a corporate junkie. I have real life stuff to do with deadlines that people are like, depending on I guess. + +I just can’t get in gear anymore to put together presentations and analyze data. I haven’t done anything productive for weeks. + +It’s a problem lol. + +I’m just daydreaming of quitting and giving millions to good causes. + +This MOASS, I sure hope it happens. +I've been taking more trips in the 250-500 mile range lately and being in the car for that long is just a drag. + +I’m trying to figure out what the “most efficient” way to travel is. By "normal people wealth standards, I’m well to do, but I’m definitely not private jet (or even net jets) level rich and probably won’t be. I don’t really care about what cabin or class I sit in on a “normie” commercial airline - the amount of time it takes is the same - IE I can afford to fly business or 1st class, but don't care to. + +Is it worth learning to fly (small planes) from the lens that it would save me time? Has anyone here run numbers on this? My guess is that it’s worth it in the 300-800 mile range beyond which commercial carriers actually fly fast enough to make up for the time wasted in the airport… + +Edit: + +Usually it's just me. Not married, no kids, not seeing anyone, don't anticipate marriage in the short / intermediate term. + +30-40 hrs for a pilot's license is acceptable. The long tail could possibly be a win. I work a weird job with off hours and a lot of vacation time. + +7 series isnt really my jam. I just took an ~800 mile road trip in my car equipped with a comma2 from commaAI and the ADAS is much better than any OEM system. Luxury for me (in a car) isn't a nicer seat, it's being able to chill, which this device definitely helps with. + +Edit 2: The posts here mostly confirm what I had thought: The bang for the buck isn't really there nor is it safe. Thanks everyone! +I've been more fortunate with finances than my friends, we're all early 30s. They're all making <$100k, have debt, and are either renting or living with their parents. It bothers me that I have financial freedom while they're still struggling in the rat race. + +I'm very nurturing by nature and enjoy helping out others and have been contemplating helping them get on their feet by helping clear their college debt. I can afford to do this and barely be affected. + +I'm pretty sure they have an idea I'm doing alright since I haven't been working for a year, but I don't think they know just how well I'm doing. I don't think they'll be offended by this or think it's a show off gesture, but rather grateful. + +One issue is that they all have different levels of debt. Most are in the $10-20k range, but one made a royally bad decision with dorming and changing majors that put him $200k in debt so not sure how to handle that difference in terms of how the others will take that. + +Has anybody else done something similar? How'd you go about it? Do you regret it? Any suggestions and tips are welcome. +Good Morning Apes! + +Yesterday we ended up seeing 3.5% gains on \~1M volume. Yesterday the Bollinger bands snapped back inside the Keltner Channel briefly giving us that fire signal we were looking for from TTM Squeeze. This means two things increased volume and volatility and an inferred move to the upside. With our wide bid/ask spread we can really move on very little volume as we saw yesterday. Additionally today is t+2 for Market Makers gamma exposure (GEX) from Friday. Needless to say it should be a wild ride. Our predicated price range **yesterday** for the low estimate was 158.27 -165.82 we stayed basically within that range as GME at 8pm EDT yesterday stopped trading at 165.89. Meaning the tweaks I did this week seem to be a bit more accurate. + +Today's Expected range is : + +[Today's possible price movement](https://preview.redd.it/qvacoevhuaj71.png?width=2456&format=png&auto=webp&s=221819c9671cb6a94838ced833a67c17fe0446bf) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Well look at our boi... growing up right before our eyes almost old enough to fuck some SHFs. I will be adjusting forward price action for tomorrow morning. Thank you all for tuning in. + +HODL this is just the beginning + +\- Gherkinit + +Edit 14 3:26 + +Hard rejection at 225.20 some consolidation and GME looks like it's ready to re-test 210 + +https://preview.redd.it/yspcr5lcxcj71.png?width=1612&format=png&auto=webp&s=c9db26a1d3d3338466772340cdc879e1ccb8e643 + +Edit 13 2:51 + +Please join the stream volatility on my positions is getting to great to do both testing the share offering now + +https://preview.redd.it/vmxrp5a8rcj71.png?width=1596&format=png&auto=webp&s=76a8859205c124f308216b51887e4efa6fe00318 + +Edit 12 2:43 + +Testing 210 we a really taking off far harder than anticipated. Quarterly options t+37 and t+2 gamma exposure in addition to the gamma ramp are putting a lot of fuel in this rocket + +https://preview.redd.it/7kg7dsjypcj71.png?width=1607&format=png&auto=webp&s=3e116b98594227219899719bee498f09a5560a10 + +Edit 11 2:06 + +Actually just ripping volume is far higher than predicted look at us go...I will adjust volume for tomorrows estimate to compensate for this move. Looks like we are ready to bounce off 190 VIOLENT UPSIDE POTENTIAL is in effect + +Edit: woops wrong pic + +https://preview.redd.it/0db5sphyjcj71.png?width=1609&format=png&auto=webp&s=de88cd31b46707138d57424ffa0ec92d1881c641 + +Edit 10 12:50 + +failed that test at 175 possible turnaround between the ema's + +https://preview.redd.it/ywu0762a5cj71.png?width=1627&format=png&auto=webp&s=35b4234507f7bac957e2cb3ae28247e0f53a0820 + +Edit 9 12:25 + +Volume picking back up moving up to test VWAP + +https://preview.redd.it/4pnlqcj21cj71.png?width=1624&format=png&auto=webp&s=8bfa08143a7506dbd5017fea1d9a460c3c6c366b + +Edit 8 11:24 + +Got shorted at the turnaround of that inverse head and shoulders drooping a bit now on lower volume + +https://preview.redd.it/l5bkmiebqbj71.png?width=1630&format=png&auto=webp&s=5c107a6585b124ba302497715869a0bb5c6591f6 + +Edit 7 11:05 + +https://preview.redd.it/5jmb6ctrmbj71.png?width=1624&format=png&auto=webp&s=cc8ca004910e9de105a09060058c15001dbafa44 + +Edit 6 10:53 + +Inverse H&S of the break down of the previous head and shoulders... + +https://preview.redd.it/3w9ljbaokbj71.png?width=1623&format=png&auto=webp&s=19d28a7c7511f71944bdc1db28ae690d12ed6751 + +Edit 5 10:40 + +Some shorting coupled with some ITM puts on that breakout driving us a little below VWAP + +https://preview.redd.it/4dcoc6kcibj71.png?width=1637&format=png&auto=webp&s=e5c12eae4a29758ccc128f100e0cd49195f754b7 + +Edit 4 10:27 + +Pretty clean bounce on the 30 EMA + +https://preview.redd.it/cwedp4d4gbj71.png?width=1628&format=png&auto=webp&s=ed8e2856b1d88d5a6f1933cab13bd02f01ba8764 + +Edit 3 10:21 + +Failed that test at 177 coming back down possible consolidation into a bounce near VWAP + +https://preview.redd.it/epoikly0fbj71.png?width=1640&format=png&auto=webp&s=462b8639a32a073ab6845196a10f672832b35089 + +Edit 2 9:59 + +Some consolidation and straight into a test of 175 + +https://preview.redd.it/94129on1bbj71.png?width=1632&format=png&auto=webp&s=366a23f563c845aaa4c24c61c0f268fd00c741c2 + +Edit 1 9:39 + +170 right out of the gate and volume at almost 200k already + +https://preview.redd.it/ja2yotch7bj71.png?width=1629&format=png&auto=webp&s=bc0af9966a6a6f9f02adce32d92fb8dbb9911249 + +# Pre-Market Analysis + +Volume currently at 12k with 20k shares available to borrow our premarket high was 167.80 and currently trading at 166.90. We have a nice uptrend since market open and since there are still no shares to borrow we have a pretty good chance of a 170 test right around market open. Additionally the S&P looks stable after testing new ATHs yesterday so we may have the market running with us again today. + +[Pre-Market GME](https://preview.redd.it/9zus9wkuvaj71.png?width=1629&format=png&auto=webp&s=8341b1363b63b736aad934267a84e914718f6189) + +[BBKC and TTM on the 1D both firing together into today](https://preview.redd.it/pcmlgc12waj71.png?width=2450&format=png&auto=webp&s=f8f4e481ff87b15311f8faa6cd3869af8580a46c) + +There is no significant arbitrage yet but I do expect a signal on CV\_VWAP in the next few days so I will be monitoring it. + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Title says it mostly. + +I can’t decide if I should save up to invest in a down payment or just stick to investing in ETFs etc. + +I’m 27 with around 2-3k in savings each month. No debt. I’ve just started building my portfolio in the last couple years. + +Getting the house would mean not investing for a while to save up for the 20%. This makes me nervous because I’ve only ever done typical investing (mainly ETFs with some bonds and other diversification). + +What have other people done? Is it a bad idea to just keep investing as I am then selling a bunch of my holdings and use that as a down payment? + +Not necessarily in a rush to buy a house, but it seems like a good investment from what I’ve read. I understand there are many types of approaches to buying. Happy to discuss those various avenues as well, but my focus is on how to best approach saving for a down payment if I decide to buy. + +Thanks for any advice in advance. +Obligatory disclaimer that I am on mobile and apologize for any weird formatting. + +My husband and I are wanting to set a financial roadmap to where we can prepare to have a child soon. All I really want is to have a one time appointment with someone, give them our taxes, current list of bills and debts, and explain to us the best route. We believe that we are at a time at our life to afford it within the next couple of years once we polish off the tail ends of our young adulthood credit card shenanigans. 🙃 + +Who/what is the best resources for this- accountant, financial advisor, etc? We’ve had to do a lot of figuring things out as we go but this has been a difficult task to conquer. Thank you! +I'll try to make this as short and sweet as possible. + +Currently living at home fortunately not paying rent and have no bills. I've been trying to save money to put a mortgage down on a house (or a manufactured home on a plot of land). I know the market is terrible for housing at the moment but I'm not there funds wise so I'm not too worried about it. + +I have been using Acorns as a means of saving money (which I know alot of stock investors don't like acorns because of the 1$ a month fee but it has helped me regularly save money and invest it). I currently have Close to 11k in Acorns, depositing 50$ a day (1500 a month not including roundups). I'm working on building my 401k which I messed up about a year ago. Company changed 401k plans and I didn't change mine in time and they sent me a check so I got taxed on it. Currently 1k in 401K and maxed out on 12% of each paycheck. + +I also have about 2.5k in stocks through robinhood which I've been thinking about cashing out and moving into Acorns. Lastly, I have about 4k in my savings account which I keep mostly for emergencies. + +I currently make about 18.50 and hour with benefits (union) and most my paycheck goes into my 401k and Acorns. I make roughly 900$ per paycheck after taxes and 401k. + +Is there anything more I could be doing or any advice in the long run that would be more effective than what I'm currently doing? + +I dont know if these questions below fit here but they tie into my main goals: + +• Would it be cheaper to buy land then get a prefab/manufactured home or buy land with a house already on it? + +• My dad's assistant said putting my Acorns money into a Roth IRA would be better because I wouldn't get taxed on it ( or get lower taxes, I can't remember). Is this a good idea? + +• I know time in the market is more important than the amount but say hypothetically, I used acorns for 5 years to save for a home then withdrawal the amount I need for a down payment. Would this be efficient? + +I'm trying to make the best choices for myself that will lead to a successful future, but there's many different paths to take and I'm unsure which one is best fit for me. + +Thanks for reading 😁 +My fiancé and I are very torn between purchasing or renting. We are both fairly young to purchase a home, which is our biggest hesitation (24 & 25). We are both debt free. I currently have $100,000 saved and my fiancé has ~$55,000 with an income of $65,000 a year. The area we are looking is in/around Greenville, SC. It is becoming a very popular place to move/live. My fiancé's family has lived here his whole life, and his parents did something similar to what we are thinking of doing. They bought land a little further out than where most people were living, and now the population has expanded and they have had a great investment. We found a property that has a pretty nice home on it, and is 6 acres. The property mortgage would be ~$1,300 a month. The places we are looking to rent are ~$2,000 a month (we have a dog and there are less places that accept pets). + +We both feel it would be a better investment to buy land and live in the home on it, then one day build our own house on the property. We are also both terrified of taking out a mortgage or being in debt. I feel making payments towards something we can own in an area that is only increasing in demand for properties is wiser than making payments for rent which we will never own. Thanks for any advice or directions! +Sitting on 1k shares averaged in @20.25 at the moment, tryna cut my losses in a savvy yet rather quick play. I took assignment 500@22.50 back in July (seemed like a good decision at the time) all was well for 5 months and I managed to net about ~$2500 profit selling low delta calls while maintain a sizable position at a reasonable price. Then November hit, a week of red days to see a +1% day then repeat. My dumbass decided to average down so I took assignment of 5 18$ puts. All down hill from there, -30% as of now. after totaling all of the premiums received, it’s only about a 3k loss as of now(thank goodness). Planning on selling all 10 30dte atm calls next Green Day hoping to get 150$ each for them...probably will use the entirety for 2023 25$ leaps as an insurance if it does rocket again. +Anyway I can potentially make this anymore efficient for someone looking to exit immediately but hold some type of breakout exposure??? +Thanks in advance +Fastly has blown up this year and is experiencing a big correction at the moment combined with investors rotating out of the Tech sector with the MRNA vaccine news. + +Premiums are very high. + +Enjoy, my thetagang brethren +I am finally acne-free for the first time in my life!! And also POOR AS FUCK. + +And yet... I got results. Here is my low budget routine: + +1) Apple Cider Vinegar baths in the tub once every 2 weeks. I have a Publix nearby with a 2 gallon Heinz jug FULL PRICE at $7.99. Fill a bathtub, add 2 cups of apple cider vinegar (or white vinegar), soak for 20 mins, then scrub with a gentle loofah and some pleasant soap. + +2) Sunscreen SPF 100 - $6.99 full price. Just adding sunscreen to my face has really improved everything about my skin. Had no idea it was that big of a deal. + +3) CeraVe Hyaleuronic Acid $14.99 full price. Slick this on after a shower + +4) $1.99 - glycerin facewash (generic stuff, pretty gentle). I use a cotton ball dipped in mineral pil tp remove my makeup and then wash with this. + + +Anyways, I can't afford super amazing cosmetics. HOWEVER, my bare skin finally looks great. And for cheap! + +Tips: + +* Keep your bathroom clean. Wash and thoroughly dry anything that touches your face. Wash your pillowcases. + +* USE COUPONS FOR EVERYTHING. Everything on this list has a coupon available. Publix has apple cider vinegar on discount now for $3.99... CeraVe coupons can be had via their website ($2 off, ill take it), its very possible to cut this down to less than $20 spent for 2 months. +I work away, Ive moved 5 hours away from my girlfriend of 2 and a half years and in a year or two Ill start doing deployments. Thats something for another day but Im trying to save whilst going through all my training but Im spending money on unnecessary things because it temporarily cheers me up from missing my girlfriend. How do I curb this issue? + +Edit: thanks for everyones advice and for sharing their stories! Just a note that Im in the UK as many are assuming US. Apoligies, I should have specified. I'm also not depressed, but thanks for the concern. +I thought it will be good to have people share there experience. Mine is catching falling knife and listening to BNN advisors. It was Concordia Healthcare, lost quite a money in it. Worst feeling is not loosing the principal amount but loosing the tfsa contribution. + +Edit: lot of people message me asking how much I lost in concordia. Let's say I had 4000 shares with avg price of 5$. Now with reverse split of 300:1 only 11 share left. +* 50% VUN for American market exposure. +* 15% VIU for ex-North America, developed country exposure. I'm not interested in emerging markets. +* 15% TEC for pure tech exposure. I want to put more weight in tech. +* 10% VCN for Canadian market exposure. I'm not sure I even care for this. +* 10% ZAG for bond cushion for rebalance. Can I get away with just 5% on this? +Hypothetically you have full autonomy over where in this lovely and diverse country of ours, where do you choose to live? +Your family and friends can be there (or not, no judgment) +Your job can be there (if you want) +And real estate prices aren’t a consideration. + +Where do you choose to live your #BestLife + + +* DoorDash (NYSE:[DASH](https://seekingalpha.com/symbol/DASH?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) opens for trading at $182 after the [IPO was priced last night at $102](https://seekingalpha.com/news/3642739-doordash-prices-ipo-well-above-range-102-share-valuation-nears-39b?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link), which itself was upped from an initial hoped-for range of $90-$95. +* The company sold 33M shares, raising nearly $3.4B on the IPO at a $39B valuation. (9M revenue $1.9B, net loss of $149M). +* At the opening price the company is valued at about $70B. +* There is also development on DoorDash out of Washington, where the attorney general has ordered the company to cut commissions, according to [Reuters](https://in.reuters.com/article/doordash-washington-dc/dc-attorney-general-orders-doordash-to-cut-commission-in-subscription-program-source-idINKBN28J2HA?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link). +**TL;DR: The US federal government has a massive incentive to underreport inflation. A 1% underreporting of inflation saves the US gov't between $500 billion and $1 trillion per year. It's likely that such a huge moral hazard has led the government to systematically underreport inflation over the past few decades.** + +For background, the Bureau of Labor Statistics (BLS) calculates inflation. It releases a measure known as the Consumer Price Index, or CPI. The formula used to calculate CPI is rather complex and opaque, and has been changed numerous times over the years. The effect of these changes has been to lower the average reported inflation number. [\[1\]](https://www.investopedia.com/articles/07/consumerpriceindex.asp) + +Many government revenues and expenditures are inflation-linked, either directly or indirectly. + +**Directly linked:** + +1. Social security payments + +Social security payments are linked to a measure known as CPI-W (very similar to the CPI) [\[2\]](https://www.ssa.gov/oact/COLA/colasummary.html). Every year, the amount a social security recipient receives goes up in proportion to the amount of inflation. It has been estimated that the social security program has total unfunded liabilities worth \~**$37 trillion**. Every 1% of underreported inflation decreases the real value of these unfunded liabilities by **$370 billion.** + +2) Tax brackets + +Tax brackets are adjusted upwards to account for inflation [\[3\]](https://www.investopedia.com/ask/answers/111715/are-tax-brackets-adjusted-inflation.asp). This means, when the government underreports inflation, more people move up into higher tax brackets. It's hard to calculate the exact effect of this on government revenues. + +3) Treasury Inflation-Protected Securities + +These are treasuries that increase the amount they pay back, in both interest and principle, according to inflation. They are linked to the CPI. These securities (known as TIPS) compromise \~8% of the US federal debt [\[4\]](https://www.treasury.gov/resource-center/fin-mkts/Pages/tips.aspx). This is **\~$2.24 trillion**. Every 1% of underreported inflation decrease the real value of the principle of this debt by **$22 billion.** There are also increases to the interest payments on this debt. + +**Indirectly linked:** + +1. Debt interest payments + +Investors will demand higher returns from Treasuries in periods where they expect higher inflation. The US government has **\~$26 trillion** in Treasury debt. The yearly cost of servicing this debt is \~1-2% of that, roughly **$378 billion** in 2020. If investors were to expect higher inflation, this yearly cost would go up by \~**$260 billion** for every 1% increase in expected inflation. + +There are likely many other government programs that benefit from underreporting inflation, these are just the main ones I could find. When we add up all these policies, we see that underreporting inflation by just 1% can save the government **between $500 billion and $1 trillion a year**. This is 30% of the entire tax revenue of the US government. Underreporting inflation by 3-4% a year would save the government more money than it brings in from taxes every year. + +**Evidence of underreporting** + +There has probably never been a time in history when such a massive moral hazard existed and was not exploited. Is there any evidence that the US government has in fact been understating inflation? + +1. Changes to the CPI formula + +"Originally, the CPI was determined by comparing the price of a fixed basket of goods and services spanning two different periods. In this case, the CPI was a cost of goods index (COGI). However, over time, the U.S. Congress embraced the view that the CPI should reflect changes in the cost to maintain a constant standard of living.1 Consequently, the CPI has evolved into a cost of living index (COLI). + +Over the years, the methodology used to calculate the CPI has undergone numerous revisions. According to the BLS, the changes removed biases that caused the CPI to overstate the inflation rate. The new methodology takes into account changes in the quality of goods and substitution. Substitution, the change in purchases by consumers in response to price changes, changes the relative weighting of the goods in the basket. The overall result tends to be a lower CPI. However, critics view the methodological changes and the switch from a COGI to a COLI as a purposeful manipulation that allows the U.S. government to report a lower CPI." [\[5\]](https://www.investopedia.com/articles/07/consumerpriceindex.asp) + +Essentially, the methodology used to calculate the CPI was changed to purposefully reduce the amount of inflation that is reported. When a good is considered to be of "increased quality," its price increase is lowered to reflect this. When the price of one good goes up, its relative weighting in the CPI is reduced and another, lower-priced good is "substituted" for it. + +2) Rent + +In 2005, the average US rent was $755. In 2019, it was $1,164 [\[6\]](https://www.deptofnumbers.com/rent/us/). This is an increase of **54%**, or an average yearly increase of 3.1%. During the same time, the CPI has gone from 191.6 to 252.4 [\[7\]](https://fred.stlouisfed.org/series/CPIAUCSL), which is only a **31%** increase, or an average yearly increase of 1.9%. If we use rent as the true measure of inflation, CPI has underreported inflation by **1.1%** per year. Keep in mind that, during the period just mentioned, the US experienced the most epic collapse in housing prices it had ever seen, during the 2007-2008 crisis. The housing bubble was already far along by 2005 [\[8\]](https://fred.stlouisfed.org/series/CSUSHPISA). Nonetheless, rent increases managed to outstrip the CPI. + +What do you think? Is the US government massively underreporting inflation? +Edit: Has come to my attention that my posts were discussed on AndrewMoMoney. I dm'd him on twitter if he wants to discuss further. + + +Good morning (it's not morning) and let's get your tin foil hats glued on. + +~~EDIT: Not sure what happened to the formatting but I'm fixing it. See TLDR or click the links for images.~~ + +~~EDIT: I'm gonna have to come back later to restructure this. We have more info coming. Stay tuned.~~ + +EDIT: More people have reach out saying they were messaged. Can everyone do me a favor and message me WHEN you were contacted? My hypothesis is they're attempting to source leads with increased urgency. + +**Also those awards better be free you dirty apes.** + +&#x200B; + +There has been an influx of postings by the karma-blessed folks requesting they become ~~influencers~~ shills in return for payment. Some of these folks include: + +[u/DrThrob](https://www.reddit.com/user/DrThrob/) + +[u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) + +u/itspalpatime (posted about this almost 2 weeks ago [here](https://www.reddit.com/r/Superstonk/comments/mkpujb/any_of_you_guys_get_one_of_these_this_morning/?utm_source=share&utm_medium=web2x&context=3) WOW, more to come from this) + +u/StockMarket_Wtf + +u/Seaguard5 + +u/Kilverado + +&#x200B; + +(if you were also messaged I will add you here) + +Briefly, my background is in design and marketing. I have 4-5 years of experience in field. Besides the obvious, I was suspicious of "LifeWater Media" based upon the name alone. It felt like one of those shitty names a generator throws at you, but hey, maybe I'm just being pretentious. + +I was hoping they would be similar to any other media company out there and I could call it quits. However, a google search piqued my interest and I wound up on LinkedIn. Now, I'm not going to tell you the low employee count or lack of posting is a red flag to me... but it's a red flag to me. Everyone knows you practice what you preach. If you can't get your company's logistics up, how can you reproduce that for a client? Not good at all. + +https://preview.redd.it/mznq53k3bot61.png?width=787&format=png&auto=webp&s=bd9239fb1c6765a6e92ecf47ab77c34addfe43b6 + +&#x200B; + +https://preview.redd.it/0p23s8y7bot61.png?width=786&format=png&auto=webp&s=b2650f73f233a2fc30b39411cf6351b427f4de9e + +&#x200B; + +Alright, I'll bite. I decided to check out the website and it's just as cringe as I imagined. It put me exactly in the mind of the projects my buddies and I would turn in during our intro to coding class. Just check out the [performance](https://lifewatermedia.com/). That's not professional whatsoever. + +&#x200B; + +https://preview.redd.it/jjzggg8dbot61.png?width=1440&format=png&auto=webp&s=0e28b9a79b4f29adffd935067e77e01b4e02cfc4 + +Edit: The address is 1415 South Voss Road Suite 110-431 Houston, TX 77057. This is what this looks like on Google Maps. It's a shopping mall y'all... and you mean to tell me..... they include 300+ suites? + +&#x200B; + +https://preview.redd.it/jbyczzih6rt61.png?width=1440&format=png&auto=webp&s=a1512f47294f5837829f8f6b85ecbbefe303f6de + +&#x200B; + +Back to the website. I mean, just look at this. Business guy in the corner is ruining navigation readability and you can see the edges are cut off. The About page blurbs are short sentences with no thought.