diff --git "a/reddit_finance_43_250k_235.txt" "b/reddit_finance_43_250k_235.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_235.txt" @@ -0,0 +1,10000 @@ +**Section 2 - HF's/Banks** + +\--------------------------------------- + +[**u/bitterbottles**](https://www.reddit.com/user/bitterbottles/) **Posts:** + +*"My SPECULATORY hypothesis of a WORST CASE SCENARIO: It's possible that shitadel and friends would use this 5 day gap to fake the squeeze. Imagine this: Hedgie A gets margin called -> assets liquidated 5 days later and gme jumps XXX% -> other hedgies get margin called and price is currently in the 1000s -> shitadel n friends short the living shit with everything they've got in hopes of dropping the price to sub 100 -> five days later, GME drops enough to be within the threshold for shitadel n friends to not have their assets liquidated -> repeat until only diamond handed apes are left -> price goes to the tens of thousands but ceiling is limited.* + +*HOWEVER, if we BUY & HODL the price would never drop below the margin call threshold. Which will shoot the price to Andromeda.* + +*OUR JOB IS SIMPLE! BUY AND HODL!!"* + +[(1) The SQUEEZE may take WEEKS. Hedge Funds have 2 - 5 days to meet their MARGIN CALL. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxgzvw/the_squeeze_may_take_weeks_hedge_funds_have_2_5/?utm_medium=android_app&utm_source=share) + +[ u\/rrezonfrangu ](https://preview.redd.it/g3xm0f4ebav61.png?width=640&format=png&auto=webp&s=3e8f9c989c73516077ceafe3872f11710c983a47) + +\--------------------------------------- + +[**u/stocktawk**](https://www.reddit.com/user/stocktawk/) **Posts:** + +*"*[*Multiple Hedge Funds Blew Up This Week*](https://www.reddit.com/r/Superstonk/comments/mwzv9f/timeline_of_what_we_know_so_far_multiple/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +*If you need to catch up to speed. Here the link above is a compilation of everything crowdsourced on this situation all week.* + +*Credit Suisse legit says this, in this article:* + +*Credit Suisse, which said it has exited about 97% of its exposure to Archegos -* + +*yet it's that 3% that remains problematic as the nominal value of its exposure to Archegos keeps rising and late last night hit $20BN according to the news sources -* + +*said it expects a 600 million-franc ($654 million) loss in the second quarter, taking the total hit from the collapse to about $5.5 billion.* + +*Moving forward. We keep getting this story in pieces and credit Suisse losses have gone up by about $800mil. Per week, In the press. And they still have $20bil in just 3 different Archegos assets that are LOSING MONEY DAILY... how much is the interest in that contract?! Did some Archegos yolo options go bust and credit Suisse is holding the bag?* + +*Recently JPM sold a MASSIVE position in Academy Sports and Outdoors - Look who else is on the books with them:* + +*\&amp;amp;amp;amp;#x200B;* + +[*JPM's Liquidation of $9bil Worth of ASO*](https://preview.redd.it/hjmciw0vj8v61.jpg?width=1125&format=pjpg&auto=webp&s=8810a1d20fce23c1eda3f2fd13a5e781ecfe8a62) + +*all the big banks were up all weekend. Were creating record numbers of bonds to sell back to themselves? Which they all then flipped to credit Suisse in the form of this newfound loan credit Suisse just got, “from investors,” of $2bil, “in the form of convertible notes?”* + +*\&amp;amp;amp;amp;#x200B;* + +*number 24 in ownership is: Philadelphia Trust Co/The .. so the pensions in Philly??* + +*number six is Tiger Global.. you remember them right? if not, see the link to my other post, to catch yourself up to speed with the absolute shit show that is going down behind the scenes.* + +*this is the shit show of all shit shows guys.* + +*Tiger Global of course is a tiger/tiger cub and was this a part of this ASO in anyway? Since they all follow each other in trades, i bet they're all over these ownership reports. smooth brain. but...* + +*about the 3 positions credit suisse is still in that are a $20bil loss...... WHAT ARE THOSE THREE TICKERS CREDIT SUISUIS????"* + +[(2) Credit Suisse Surprises With $2 Billion Capital Raise, Still Has Exposure To Archegos In "Three Distinct Positions" ... : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxz0eb/credit_suisse_surprises_with_2_billion_capital/) + +&#x200B; + +[ u\/pinkcatsonacid ](https://preview.redd.it/3jhons01eav61.png?width=640&format=png&auto=webp&s=248ddac96040fa689426ce82970333494d6d9d68) + +\--------------------------------------- + +**DEUTSCHE BANK WHISTLEBLOWER STILL MISSING!** + +[Missing 45-Year-Old Male NR21113ti - Los Angeles Police Department (lapdonline.org)](https://www.lapdonline.org/home/news_view/67485) + +*Los Angeles:* *The family of Valentin Broeksmit and the Los Angeles Police Department are requesting the public's assistance in locating him.* + +*Valentin was last seen on April 6, 2021 around 4 p.m., at Griffith Park on Riverside Drive in the City of Los Angeles. He was last seen driving a 2020 red Mini Cooper. The vehicle has been recovered but he has not been seen since and his family is concerned.* + +*Valentin is described as a 45-year-old male White with Brown hair and Blue eyes. He stands six feet one inch tall and weighs around 200 pounds.* + +*If you have seen, or have any information regarding his whereabouts please contact the Los Angeles Police Department, Missing Persons Unit, at (213) 996-1800. During non-business hours or on weekends, calls should be directed to 1-877-LAPD-24-7 (877-527-3247). Anyone wishing to remain anonymous should call Crime Stoppers at 800-222-TIPS (800-222-8477). Tipsters may also contact Crime Stoppers by texting to phone number 274637 (C-R-I-M-E-S on most keypads) with a cell phone. All text messages should begin with the letters "LAPD." Tipsters may also go to LAPDOnline.org, click on "webtips" and follow the prompts.* + +\--------------------------------------- + +**Section 3 - Motivation** + +\--------------------------------------- + +[**u/Mj0lnir1**](https://www.reddit.com/user/Mj0lnir1/) **Shared:** + +[Elon Musk's Tweet](https://preview.redd.it/7v0z1dhceav61.png?width=960&format=png&auto=webp&s=9008480e1b5e158b51ba5fdafb93c1c8765bdeea) + +[HODL!! 🚀🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxgvbi/hodl/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/bandrews091**](https://www.reddit.com/user/bandrews091/) **Writes:** + +*For real. Get off the drugs cut back the drinking build/fix meaningful relationships before you cant trust people to like you for anything but your money. If you needed a sign THIS IS IT! Happiness is key and it is true when they say "mo money, mo problems." So start planning NOW ways that you can stay healthy and happy and live a long meaningful life to enjoy your tendies to the fullest.* + +[(2) You're about to be rich, clean up your life. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxjxz3/youre_about_to_be_rich_clean_up_your_life/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/Jamie-Vu**](https://www.reddit.com/user/Jamie-Vu/) **Shares:** + +[I love this. Apes strong together.](https://preview.redd.it/5e12pyileav61.png?width=960&format=png&auto=webp&s=f582054b9546350e990d8a6a17d88a095997ae61) + +\--------------------------------------- + +[**u/youngsteveo**](https://www.reddit.com/user/youngsteveo/) **Posts:** + +[So true.](https://preview.redd.it/3gekjylreav61.png?width=960&format=png&auto=webp&s=74cf8e0e89c64edc610eed2634a4097a20b2f5b2) + +\--------------------------------------- + +\----------------------------------------- + +**Thank you for reading.** + +**I hope you all have a lovely day, although I cant reply to every comment I do read them and upvote, thank you for your continuous support, kind messages and encouragement!** + +**Now I have to encourage you!** + +**Please apes look after yourselves. Eat healthy. Lots of green like green crayons. Exercise! it's great for your cardiovascular system.** + +**Don't do this to look a certain way, you are perfect the way you are. Do it because you love yourself and you want to take the best care of yourself. You want to live a long time and tell your grand-apes about how you fought in the war of '21.** + +**Also, kitty is doing good - he made it!** + +\----------------------------------------- + +**If you need a prescription for memes, please follow the link below:** + +[MEME Compilation - 22/04/21 - Nurse Mimi's Prescriptive Memes (Daily Dose). : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw5j43/meme_compilation_220421_nurse_mimis_prescriptive/gvg5ghd/?context=3) + +**If you want to read yesterdays news, please follow the link below:** + +[MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 24/04/21 : Superstonk ](https://www.reddit.com/r/Superstonk/comments/mxidiw/morning_news_and_obligatory_memes_from_mediape/)[(reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxidiw/morning_news_and_obligatory_memes_from_mediape/) + +**If you want to read tomorrows news, please follow the link below:** + +[MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 26/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myuu35/morning_news_and_obligatory_memes_from_mediape/) + +**Lots of love,** + +**Nurse Mimi** + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +I am in the US and have been toying with the idea of FIRE for a bit. I’m wondering, what do people plan to do about health insurance post-Retirement that is possibly 15 years prior to Medicare? Looking at ACA or even retirement plan subsidized health insurance, it’s both expensive ($20k+) and incomplete (ranging from 80-90% covered for surgical procedures). + +Is my research just lacking or is this gap a somewhat substantial challenge? I mean, I could eat the cost, but I hesitate at a gap of 10% given my wife had a cancer scare just a few months ago. +Got a few more today to lower my average. + +&#x200B; + +https://preview.redd.it/uyyou5mr2mo61.png?width=1187&format=png&auto=webp&s=e60fe291298700ee9700035d2a699f7b5625621a +I’m sitting in the ICU and trying to figure things out. We don’t have insurance, but so just signed him on with my insurance, but it won’t take effect until January. + +The insurance takes about 1/5 of my paycheck every month. I’m the only one working. + +Our cars are paid off, but we still have to make a 1k a month house payment. + +We have 5k in credit card debt that we had been paying off quickly, but now that we’ve added him to my insurance it will be hard to pay more than the minimum payment. + +Another financial kink in the plan is that his prognosis isn’t good. We are still waiting on lab results to find out what kind of tumor he has. It’s not pleasant, but Gliomas have a 30% survival rate for 1-2 years. So I need to plan for that as well. + +I know that we are about to get hit with an astronomical hospital (anesthesiologist, doctor, surgeon, lab tests, CAT scans, CT scans, physical therapy, occupational therapy, etc.) bill that I can’t pay. + +And we have 3 young kids. How should I navigate this? +***EDIT*** Holy crap it is my cakeday! Thank you all for the happy cakeday wishes and of course for helping me with my problem + + +***EDIT*** +So after reading though alot of the comments you guys\gals left I sent an email to the HR supervisor stating that I would like to to see the documentation I signed to authorize this payroll deduction and that if no documentation could be found that they need to stop the payroll deduction immediately and refund me the amount that is owed. I also asked her to write up a itemized list showing the date and amount of each deduction and a total to show exactly what is owed to me (this was of course written very professionally over 3 or 4 paragraphs). + +I received a call about 15 minutes later from the supervisor stating she had good news and they talked to metlife who admitted " They made a keying error that applied an incorrect policy to him. They have since corrected it". +I told her that was odd since I have no policy with them how can they make a mistake to a non existent policy and on top of that get my payroll information and get funds taken out without my written authorization. She apologized a lot and said something to the lines of "Never in my 7 years of working here has this ever happened and it is truly a one off occurrence" (basically sidestepping the question and giving me a bs answer). + +Instead of arguing with her or getting mad, I just verified that the deductions have stopped and that they are sending me a check via fedex that I should get tomorrow. I do not want to get on the bad side of my HR (even though I know this is most likely 100% their fault) as I work in a at will state and can get fired for just about anything. So staying on HRs good side i think is the right more for me. + +Thank you all for your help on this issue and for sure you guys have help me speed up the process of getting this resolved. + +****End Edit**** + + + + +So the other week I logged into my payroll website to look at my paystub to see how much I would make on payday and I noticed an after tax deduction of $250. I looked back at all my previous paystubs and see metlife has been taking money from my payroll for a few months. I dont have anything with metlife and called my HR department who looked into it and said its for a auto and home insurance policy and they authorized metlife to deduct it from my payroll and if there was an error I would have to call metlfe. + +I called metlife and basically talked to 5 or 6 different people who all said I do not have any sort of an account with them and even if I did I would have had to fill out and sign paperwork that they would pass on to my HR department and my HR department would then give them the payroll information for them to take out the money. + +I called HR back and basically talked to a few people and a supervisor who said I need to talk to Metlife again, but she will open a ticket on her end to see if she can find out any information. + +I would like some help on how to approach this and get it sorted out. Any help would be appreciated + + +I feel like this applies to any independent (not at home) living situation, but the Dollar Store is an excellent place to stock up on essentials like ceramic plates and bowls, glasses of all shapes and sizes, hand towels, oven mitts, kitchen utensils, household goods...the list goes on and on. + +I graduated from college in 2017 and I’m still using the dishes and things I bought my sophomore year! Why spend upwards of $3 per plate/towel/etc. from places like Target for essentially the same product? +I strongly believe this is the top priority in the industry right now. The more we talk about it, the more attention it will get. + +*Crypto needs to decouple from Bitcoin price influence.* + +This can’t continue. This is like Apple stock taking down the entire stock market when it has a bad month. + +It’s unnecessary. It’s destructive. And the entire industry is at the mercy of a handful of Bitcoin Devs who may or may not give a shit about keeping Bitcoin competitive, and usable. +[The Article](https://ethereumworldnews.com/ethereum-eth-could-bear-down-to-140-and-turn-into-a-bull-run-in-a-surprise-market-dynamic) + +Ignoring the fact that there is absolutely zero useful content in this article, a quote near the bottom makes zero sense. + +> Interestingly, if the value were to drop below $140 and make it unprofitable for miners, the mining would stop, and the supply of ETH tokens would reduce. That would create more demand for Ethereum and ultimately cause a bullish run. + +Nick James: I'm publicly shaming you for having absolutely no clue what you are talking about. +I just finished a long dive into Dead Cat Bounces through history. + +**tl;dr There have been 3 Dead Cats / Bull Traps larger than this one, and insufficient evidence to declare this time will be different. Of course it could be, every Recession is different, but I reckon the Bear will return.** + +I see three possibilities for why the markets may have bounced more than 20% (and, in the case of the Dow Jones, more than 30%) off the bottom. + +1. **This could be a V-shaped Recession** +2. **Markets have actually disconnected from the wider economy – so we can’t use them as a lead indicator of the wider economy, or** +3. **This is just a Dead Cat Bounce creating a Bull Trap** + +**1.** **V-Shaped Recession?** + +The best evidence I’ve seen supporting this possibility is based on the speed of recovery. Strategas Research has observed that the bounce we have seen is actually “the second best 40 day period in history”, and their projection therefore is that that speed of growth augers well for the general economy. + +For me that ignores the rapidity of change that is going on at the moment. One reason why [the Coronavirus Recession is different to a Typical Recession ](https://jacobaldridge.com/business/how-is-the-coronavirus-recession-different-to-a-typical-recession/)is how fast everything is moving, so I don’t think that pointing out speed of that 40 days is evidence that this is actually a sustained recovery. Just as the drop was faster, so too the Dead Cat Bounce has been faster. + +That link looks at other evidence for why this won't be V-Shaped, so I won't belabour the point. + +**2. Markets are Disconnected from the Wider Economy?** + +There may be some truth to this, but I don't think it tells the full story. + +Yes, money still has to go somewhere. All those Super funds in Australia, for example, and even cautious investors elsewhere are looking at Bond Rates and Bank Interest and thinking some possibility of return is worth taking a risk for. Plus, if you're thinking long-term, investing now is easier than catching a falling knife - you'll miss some returns, but perhaps not a huge amount in the middle of the 2010-2030 Cyclical Bull Run. + +Are Tech Stocks driving the recovery because they're different? That was the promise of the Dot Com Bubble as well - I think panic buying of toilet paper (now back on the shelves in normal levels) has a similarity to 'panic' buying of Amazon, Zoom etc - and they'll return to normal levels and valuations. + +**3. Is it a Dead Cat Bounce?** + +The prevalence of economic commentators saying "I don't know why markets are doing this" reminds me of the late-stage peak in an economic cycle. *Everybody* knows that a bust is coming, they just didn’t know exactly when. And **nobody wants to go first**. + +Nobody wants to miss the last eking out of a peak by being the first one to try and sell and get out of the market. However, **everybody wants to go second**. + +There’s a lot of people who really don’t understand why the markets are going up like this … who really don’t expect that to be sustained … and while none of them want to be the first to get out just in case they’re wrong, **as soon as there’s a strong indication that the markets are going to turn south again everybody’s going to want to go second.** + +So when that first domino falls, we can expect another crash and quite possibly fast given how many people are waiting for that other shoe to drop. + +What could be causing the bounce? Apart from the normal money that has to go somewhere, there's these huge levels of government stimulus programs ... which will expire. A big lesson from the GFC was the importance of Fiscal Policy, not just Monetary Policy, on managing the depth of a Recession - and maybe if we had some progressive governments in key economies this might be the opportunity for them to roll 'stimulus' into a wider safety-net/welfare state - but we don't. + +**The Last 13 Dead Cat Bounces** + +There have been 13 Dead Cat Bounces in the last century (using Dow Jones data here because it's the longest and cleanest data set). Using the current DJIA bounce of 38%, if this is a Bull Trap it would only be the 4th largest - so hardly unprecedented. + +While not comparing apples with apples, the ASX200 which is up 28% would be the 6th largest on that list - so another couple of historical examples where a market has bounced 28% or more and then re-entered Bear Market territory. + +A Dead Cat Bounce is common. It doesn’t happen every time, but there’s enough other indications that this is not going to be a V-shaped Recovery and that we’re not going to be out of the global Coronavirus Pandemic, and certainly not the current Coronavirus Recession in a hurry. + +And as a result, as a Lead Indicator of the wider economy, these markets are suggesting perhaps a period of a couple of months where you could make some hay while there's still sun around. But Winter is coming. + +*Research, Article and Video link (but all the key points are above so you don't need to click here) -* [*https://jacobaldridge.com/dont-waste-a-good-recession/is-this-a-dead-cat-bounce-april-may-june-2020/*](https://jacobaldridge.com/dont-waste-a-good-recession/is-this-a-dead-cat-bounce-april-may-june-2020/) +u/thisisafakestory posted about a skull he found in the rocketship + +[https://www.reddit.com/r/Superstonk/comments/vz6gym/treasure\_hunt\_led\_me\_to\_a\_nft\_with\_a\_date\_71822/](https://www.reddit.com/r/Superstonk/comments/vz6gym/treasure_hunt_led_me_to_a_nft_with_a_date_71822/) + +The NFT lists "You might never know" and Mon. july 18 (~~28, oops)~~, 2022 in the sidebar as metadata. + +I opened up the nft on etherscan and opened up it's metadata. It's an ISO timestamp (developers would recognize it) + +1658186401 resolves to Jul 18, 2022, 7:20:01 PM. (EST timezone, NY) + +&#x200B; + +IS THIS THE DATE & TIME OF THE MARKETPLACE LAUNCH? +New crypto users often mistake the conduct and attitudes from experienced Bitcoiners as them just trying to protect BTC bags and "outdated technology". What new users don't understand is that these people HAVE SEEN SOME SHIT. + + +Imagine living through not just the Terra/Luna meltdown but also witnessing Bitconect, The DAO hack, Mt Gox, and hundreds of shitcoins, rug pulls, ponzis, and exchange hacks. Imagine getting burned yourself (perhaps several times) and then watching it constantly happen to new people. Imagine how every four years, right after the Bitcoin halvening, all these new people show up with their "new toys". (2013 alt coins, 2017 icos, 2021 NFTs) and zero experience and stubbornness and watch as they completely ignore the advice from people who have spent years in this space. + + +Bitcoin is just different. There is no leader. There is no premine. There is no changing the finite supply or the economic properties. Its real decentralized money and the reason we even understand the word "blockchain" today. + + +Here's to all the new Bitcoin maxis that will be born during this crypto winter. May you be toxic af and may you do a better job protecting new retail investors than the SEC ever has. +TDA is showing $27,000 realized gains this year. Great! It's also showing -$11,000 in unrealized losses. Less great! If I do nothing, I'm assuming I'm going to get taxed on the $27,000 and still be holding a bag of wheels (CRSR, RKT, SNDL) that may or may not ever recover. + +If I don't believe the stock will recover in less than 30 days (wash rule), is there any other reason why I shouldn't just realize the losses now? I'm wheeling, so no expectation of long-term tax rates. +Hi all, another update post. See [post 1](https://www.reddit.com/r/thetagang/comments/qzr4g8/selling_weeklies_on_tqqq_and_the_hedge_that_i/), [post 2](https://www.reddit.com/r/thetagang/comments/r2pyp1/selling_weeklies_on_tqqq_my_hedges_today_an_update/), and [post 3](https://www.reddit.com/r/thetagang/comments/re0tpa/selling_weeklies_on_tqqq_how_did_i_do_during/) (related to omicron discovery) for context. + +I'll keep this one brief, and it'll be a summary + my return. Now that my strategy is fully established, very excited to begin in 2022. + +&#x200B; + +* I started this strategy on the last week of July, and initially it was a mixture of CSP on TSLA and TQQQ. The moment I set up a trade, I also set up a BTC order at 50% loss of the premium generated. For example, If I generated $600 for a weekly on TSLA, I'd buy the put back if the trade went against me and the put was now trading at $900. This happened once with TSLA, never with TQQQ + * Average monthly yield on TSLA: 2.50% (so roughly 0.625% on a weekly basis) +* When TSLA ripped above $1k a share towards the end of October, I stopped selling CSPs on TSLA. The exposure simply got too high for me. So I switched fully to TQQQ. I also switched my approach, and put in places hedges, to increase my comfort level of wheeling the ETF, rather than buying at a loss when the trade went against me + * Initially I was hedging with VIX + TMF. After feedback from various commenters, but also after seeing how poorly the VIX hedge performed in early November, I abandoned that hedge and rather hedged with puts on TQQQ, slightly long-dated, but deeper OTM. Essentially, my first week of the month generating premiums serves to buy my put options to hedge. +* When Omicron was discovered, I decided to exit all positions for a very modest loss of $500. Not bad, hedges worked well. +* I then re-entered the market on December 3rd. +* **What does it look like, entering 2022:** I currently sell CSPs on TQQQ alone, 4x contracts at a time (will bump to 8x at a time once the split happens), all weeklies. My monthly yield, on average, is 4% (rounded down). 3% after paying for the hedges + +Happy new year everyone, and hopefully 2022 is as good to us as 2021 was! +Hello Great Apes of the world! 👋 + +Prepare your Diamantenhände as GME enters the Russell 1000 and shenanigans abound in the options market! Join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$218.16 / 182,95 €** +- 🟩 115 minutes in: $216.40 / 181,48 € +- 🟩 110 minutes in: $216.37 / 181,45 € +- 🟥 105 minutes in: $216.10 / 181,23 € +- ⬜ 100 minutes in: $216.28 / 181,38 € +- ⬜ 95 minutes in: $216.28 / 181,38 € +- 🟩 90 minutes in: $216.28 / 181,38 € +- 🟥 85 minutes in: $216.01 / 181,15 € +- 🟩 80 minutes in: $216.10 / 181,23 € +- 🟥 75 minutes in: $216.04 / 181,18 € +- 🟩 70 minutes in: $216.34 / 181,43 € +- 🟩 65 minutes in: $214.58 / 179,95 € +- 🟥 60 minutes in: $214.46 / 179,85 € +- 🟩 55 minutes in: $214.52 / 179,90 € +- 🟥 50 minutes in: $214.46 / 179,85 € +- 🟥 45 minutes in: $214.49 / 179,88 € +- 🟩 40 minutes in: $214.52 / 179,90 € +- 🟩 35 minutes in: $214.43 / 179,82 € +- 🟥 30 minutes in: $214.34 / 179,75 € +- 🟥 25 minutes in: $214.40 / 179,80 € +- 🟥 20 minutes in: $214.43 / 179,82 € +- 🟥 15 minutes in: $214.46 / 179,85 € +- 🟥 10 minutes in: $215.81 / 180,98 € +- ⬜ 5 minutes in: $216.22 / 181,32 € +- 🟩 0 minutes in: $216.22 / 181,32 € +- 🟥 US close price: $212.31 / 178,04 € *($214.45 / 179,84 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.19246079. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received any response or seen any activity from him in nearly a month. I continue to reach out to DerGurkenraspler, but at this point I have no idea if or when he intends to resume updates. I will continue to serve as guest-host of the series in the meantime, but dearly hope that DerGurkenraspler is well and is able to return to us soon. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hello Great Apes of the world! 👋 + +Prepare your Diamantenhände as GME enters the Russell 1000 and shenanigans abound in the options market! Join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$218.16 / 182,95 €** +- 🟩 115 minutes in: $216.40 / 181,48 € +- 🟩 110 minutes in: $216.37 / 181,45 € +- 🟥 105 minutes in: $216.10 / 181,23 € +- ⬜ 100 minutes in: $216.28 / 181,38 € +- ⬜ 95 minutes in: $216.28 / 181,38 € +- 🟩 90 minutes in: $216.28 / 181,38 € +- 🟥 85 minutes in: $216.01 / 181,15 € +- 🟩 80 minutes in: $216.10 / 181,23 € +- 🟥 75 minutes in: $216.04 / 181,18 € +- 🟩 70 minutes in: $216.34 / 181,43 € +- 🟩 65 minutes in: $214.58 / 179,95 € +- 🟥 60 minutes in: $214.46 / 179,85 € +- 🟩 55 minutes in: $214.52 / 179,90 € +- 🟥 50 minutes in: $214.46 / 179,85 € +- 🟥 45 minutes in: $214.49 / 179,88 € +- 🟩 40 minutes in: $214.52 / 179,90 € +- 🟩 35 minutes in: $214.43 / 179,82 € +- 🟥 30 minutes in: $214.34 / 179,75 € +- 🟥 25 minutes in: $214.40 / 179,80 € +- 🟥 20 minutes in: $214.43 / 179,82 € +- 🟥 15 minutes in: $214.46 / 179,85 € +- 🟥 10 minutes in: $215.81 / 180,98 € +- ⬜ 5 minutes in: $216.22 / 181,32 € +- 🟩 0 minutes in: $216.22 / 181,32 € +- 🟥 US close price: $212.31 / 178,04 € *($214.45 / 179,84 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.19246079. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received any response or seen any activity from him in nearly a month. I continue to reach out to DerGurkenraspler, but at this point I have no idea if or when he intends to resume updates. I will continue to serve as guest-host of the series in the meantime, but dearly hope that DerGurkenraspler is well and is able to return to us soon. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I'll make this simple. It's been covered before, but DE statutes allow "Any stockholder, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from: (1) The corporation’s stock ledger, a list of its stockholders, and its other books and records" ([https://delcode.delaware.gov/title8/c001/sc07/](https://delcode.delaware.gov/title8/c001/sc07/)) + +I know we already have apes in the field making trips to HQ. My experience in the legal world tells me they'll blow off every ape that makes this request either in person or by certified mail. However, it's much different coming from a law firm. + +So here's the idea: Let's crowdfund and hire a firm to make and complete this request. Just from a quick search, there are multiple firms that could assist with this. Even at astronomical rates, this shouldn't require more than a $5,000 retainer. I have $1,000 on it. + +And no, we're not manipulating the market this way. + +Edit 1, 2, 3: Already in contact with a few firms to set up initial consultations. 66% upvote rate. 69% (nice) upvote rate now. Holding steady at 77%. Are we onto something here? If this gets enough commits in the comments, I'll set up the gofundme or whatever method we want to do this. +So look I’m very serious here. I have a bot running on a small exchange generating me upwards of $600 a day. Me and my bf live a super comfortable life now. + +I coded this bot myself over the past two years, I self taught Python and learn asynchronous programming and have a high speed bot running. + +I primarily trade RIPPLE/BITCOIN pair, I’m making up about 10% of this exchanges volume right now in market orders. I fill easily 1’000’000 XRP volume orders per day + +The problem is I’m not actually that good at math. I was able to monkey-puzzle assemble a profitable tradebot because I’m good at recognising patterns - and I quickly gathered investments from friends now amounting to R200’000 (around $13k) + +We generate ridiculous returns some days but it’s far from optimal. There’s barely any drawdowns since I’m not a position trader I’m a market maker - so I don’t utilise stop losses and the market can’t move against me, I’m earning a spread difference between bids and asks. + +Basically I’m looking to network with some people who can possibly help me model the way my tradebot works. If I explain to you what I’m doing exactly, you might be able to recognise flaws in my system and contribute. + +If some of you here are willing to collaborate, I can even provide you API key access to some accounts on my local exchange I have 25 accounts now + +BTW for those interested here’s a peak of my strategy: + +I aggregate the bid and ask volumes until predetermined amounts, fetch the prices at these amounts, subtract them to get what I call the “Volumetric Spread”. I do this calculation across multiple levels with varying order sizes + +This way I’m able to lower my entry price as the market falls and sell at higher prices when it trends so I don’t worry about trend direction much + +There is a relationship between the volumetric spread,the frequency of trades, and profitability. Mathematically finding the relationship between these variables is beyond me. Pls help me +As the title says, my parents house burnt down yesterday. Public adjusters, restoration specialists, and all kinds of other people have been contacting them about what to do next, and to be honest they are just overwhelmed right now. + +It seems like right now the best bet is to get a state licensed public adjuster. Is this correct? Their insurance is putting them in a hotel for the next 20 days, but I doubt the house will be rebuilt by then ... what happens next? + +They have credit cards with open credit to make purchases for things like new clothes and food (which I have told them to save all receipts for) but little to no cash in a savings account. + +The state is Michigan if that helps. +Finance is unfortunately a taboo topic and talking about your achievements can disappointingly come across as a gloat which can create resentment. + +I’ve recently reached a significant milestone in my financial journey and would love to celebrate somehow but I am struggling to find something suitable. It’s not something I can share with the world (I guess I could but the first paragraph would apply) so I’m wondering how you guys go about it? + +Keen to hear some of your answers! + I've been a very happy Starling customer, and have used them as my primary bank account for almost two years. However earlier today I tried to initiate a transfer to a cryptocurrency exchange, namely Binance. I make regular transfers to Binance and have never had any issues. Today though it failed with a generic error message saying to just try again later. + +Speaking to customer services I was informed by Josh: + +>To protect our customers we have temporarily suspended payments to cryptocurrency exchanges, having observed high levels of suspected financial crime with such payment. We are sorry that we cannot proceed with these payments. + +He also said it was a blanket new policy. + +I'm obviously in the market for new bank account. My old bank account, with First Direct, is still up and running (and still allows me to move my own money to cryptocurrency exchanges of my choice, almost like they think they might be a grown-up and responsible for my own actions). + +Just wanted to share, this is a massive black mark against Starling in my mind for people who might be considering them and might want to dabble in cryptocurrency. +Haven't seen this noted anywhere yet. Both have of announced Russia as 'uninvestable'. These are the two big boys as far as international is concerned, should expect the rest to follow suit. We should expect further dips as passive indicies liquidate Russian exposure. + +Russia isn't a huge piece of the global universe, before all this it made up 3% of the MSCI EM, but most expected this to take more time to implemented. +Good Day fellow Apes! + +Welcome to another edition of me telling you things look bullish as fuck. + +Why? + +Well because, it does, the technical indicators look bullish because the stock should be up. The massive amount of capital deployed by short hedge funds to suppress price action doesn't mean that when it finally rips it will be any less glorious than indicated. Time is the factor here. I will dive into that later and how we can watch the shorts getting squeezed in real-time. + +But in the interest of full disclosure I will attempt to reign in my absolute positivity on the stock this week, and try to show all the possible price action within the bullish and bearish ranges. + +This way we can attempt to find the lowest possible low and highest high. (Please remember this is a volatile asset and these predictions cannot take things like illiquidity and bid/ask spread into account) + +I have attempted to avoid this in the past to discourage people from day-trading the stock. However, I have come to realize that people are going to do what they are going to and I can't stop them. I think this information is beneficial to apes as it can help time dip buy opportunities and prevent feelings of negativity from propagating. With knowledge comes confidence. So this will be a test I suppose of Apes sentiment towards this. If the community prefers I will go back to only looking for bullish breakouts opportunities. Let me know I will be paying attention to the comments. + +Let's dive into what's new, what isn't, and take a look at some other factors affecting GME this week. + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. This will be uploaded by... + +9pm EDT/UTC-4 + +# Part I: Technical Analysis + +**Section 1: Ascending Triangle** + +Well we drooped slightly below the expected floor on the ascending wedge this week. About $3.6 billion was spent via GME and ETF's to continue to drive the price down over the last week. It looks like we have found a solid support below VWAP but expected price action seems to indicate that we have around an 11.45% chance of dropping down to the lower theoretical support. A bounce on this trend would confirm a double bottom with a (74.55%) chance of an upside breakout. + +[Big Picture of possible technical trends on the 1D timescale](https://preview.redd.it/ivqu7e53wse71.png?width=2456&format=png&auto=webp&s=8e9fbbe3fa2977b3cb4b24c951b8c31fff7bb50f) + +So let's zoom in on that potential price action and the double bottom as that is what we will be looking at for this week. I know this is a lot take your time with it if you must. + +[A closer look at possible expected trends for this coming week on the 1D](https://preview.redd.it/6mp35tykxse71.png?width=2462&format=png&auto=webp&s=f6f9228e0bb3013d3cb10dd3dd69d12c874777d0) + +This seems like we are due for a bounce but the odds of a bullish trend off the current support look very good but as we know with this stock sometimes things don't go as planned. Also, If you look closely there is overlap in the first three days of predicted price action this over lap has a higher probability of being true. So let's look at some other indicators to support our thesis. + +&#x200B; + +**MACD** + +So Monday we had a small crossover on the MACD unfortunately no volume came into support it and it was followed by a bearish crossover. We have actually had this same exact situation occur around the time I first started doing TA on this sub after the first ATM offering in April. So I am not super surprised to see one here as well. The last false crossover lasted 4 days this most recent one was 2. So I will go ahead and assume if we do continue on a flat or bearish trend it should be about 4 days long carrying us to Thursday of this week at which point we should see some divergence. + +[MACD on the 1D](https://preview.redd.it/nfb1prptzse71.png?width=1583&format=png&auto=webp&s=25afec2a3d58f6847bbaee073f3d9b0a4a8c01b6) + +**Stochastic RSI** + +As volume continues to remain really low I have kept this pretty smoothed at 14/14/21. It still looks bullish after the KD crossover and has plenty of range till it reaches oversold. + +[StochRSI on the 1D timescale](https://preview.redd.it/8yv1ti3s0te71.png?width=1580&format=png&auto=webp&s=8a806136440640123c7ff559e1c2c52ba0a20a80) + +# RSI + +RSI is oversold on the 6 and approaching oversold on 14. This indicates we have a little more room for the downtrend to continue but are way overdue for a bounce. + +[RSI 6 @ 24.80 and RSI 14 @ 35.32 on the 1D](https://preview.redd.it/rskdjonybte71.png?width=1596&format=png&auto=webp&s=daa5d4ec3d183d82622c553998b962e0a15e0aa2) + +GME Put Contracts for the month of July + +https://preview.redd.it/fbckfu5vkte71.png?width=919&format=png&auto=webp&s=04af7c58f10f95865c5ad6d5edbe0fa62d96701d + +IWM Puts for the month of July + +https://preview.redd.it/5tnp4w71lte71.png?width=926&format=png&auto=webp&s=3b919e6f3d838740added47821e7c69a11a3b948 + +# Part II: The Bear Trap + +*\*This is reposted from my dailies to give it more exposure. If you follow daily you can skip this\** + +The long funds have already begun building the gamma ramp up again behind the price drop as can be seen reflected here in the increase of OTM calls this week. + +[ Contract volume bought at or near ask for week of 7\/30 ](https://preview.redd.it/kw4hpb7mdte71.png?width=340&format=png&auto=webp&s=aab676319465c9507bd791d1faf32d39a2c29a61) + +As we can see the longs are buying cheap OTM calls and the shorts are buying expensive ITM puts to drive the price down as can be seen here in dollars spent + +[Capital flow into GME options for week of 7\/30](https://preview.redd.it/h9p8h9lpdte71.png?width=339&format=png&auto=webp&s=5fd5723ffe17999be473fd0db1576f4a154a4a38) + +I will try to explain this long strategy as simply as I can because this is the third week in a row it has occurred. + +[Bear Trap Flowchart \(de-hedged is not proper terminology but easy to understand\)](https://preview.redd.it/ayjuu9urdte71.png?width=2053&format=png&auto=webp&s=47051e8cffb64bce255aced101595dd4ff4ee3be) + +This is one of the primary reasons we are not seeing a lot of volume as the longs are aware that the shorts are the seller and the buyer they simply have to wait. This is what I like to call the SHFCJ (Short Hedge Fund Circle Jerk) Eventually once they are done slathering themselves with mayo there will always be this gamma trap waiting for them. Thank you for attending my TED talk. + +**An Additional Note:** + +Something I have made clear on my stream but maybe not so much here on reddit this is the longs squeezing the shorts. Forcing them to thread the needle between possible retail FOMO and a massive gamma ramp. + +https://preview.redd.it/59k4e08kfte71.png?width=2046&format=png&auto=webp&s=4e79171bb899a7e9c800264eeb6d2580b30561b7 + +[How to obtain Hedge Fund Tears ](https://preview.redd.it/gbckzk3qfte71.png?width=1280&format=png&auto=webp&s=16f1d81c223bf8da3cd60095c053d8ef145c07ac) + +# Part III: The Market + +This is a big one this week as the administration could no longer extend the eviction moratorium via Executive Order, due to a recent Supreme Court ruling. The onus has been passed onto Congress right as they break for District Work Period. While I'm sure something will happen to push this down the road and the actual economic impacts won't be realized for 30-180 days depending on the states, the news could be enough to shake the market. So let's reanalyze our possible correction zones and see if JPOW can prop this shit up for another week. + +[SPY signaling bearish divergence moving into market close on 7\/30](https://preview.redd.it/9qel4ei8ite71.png?width=1590&format=png&auto=webp&s=047ad6c3c85d66334fd77110b9e0f0269b4ef3e1) + +[P\/E 10 down about .14 from last week ](https://preview.redd.it/07qsd4hlite71.png?width=917&format=png&auto=webp&s=0ab2eec427cad9855baa1ac04cdafacf18c71666) + +# Part IV: Conclusion + +Looking like we have good bounce opportunities but there is still room for a few more downward days. The market appears to be teetering on the verge of collapse but as long as sentiment and the FED stay bullish it can carry on much longer. If you guys have any question feel free to ask them down below. Also I'm still watching T+2 on Monday & Tuesday for Market Makers to cover their gamma exposure, which is significant. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on our community [Discord](https://discord.gg/BGmjnrvHnw) + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +**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/) +I've been thinking about this post for a while now, but I never really sat down to type out what's been percolating in the background. Now that the bullish sentiment is back, or at least a sense of "the worst is over" (it might not be), I'd like to gather some input on how y'all think about setting financial goals related to or made possible by new $ETH gains. I'll assume that a significant portion of your net worth is in cryptocurrency (either today or when we go up), that you hold "quality coins" (in my case ETH and BTC - although I'm not here to have *that* discussion today) and that you take a long term perspective. + +So, "financial freedom" means that your income is higher than your expenses. It means that you can cover your costs with your income and to that extent, you have some freedom. Financial independence takes that a step further by you not being the only (or main) source of that income; ie. if you amass enough assets (index funds, real estate, gold, bonds, ..) that enable you to live off a dividend or capital gain, you now are FI. That could be passive or active. + +The traditional FI planning is rather straightforward: save a portion of your paycheck, DCA into whatever asset class you like, rinse & repeat until you're FI. Or you take the inverted path: make a bunch of money (from a company sale, or cryptocurrency gain, inheritance, ..), put it in your asset of choice and live off 2-4% indefinitely. In this case, you would make a plan and figure out when to sell what portion of your crypto holdings to become FI. You would then diversify that into other assets and live your life. + +Then there's a second route, the "[personal runway](https://twitter.com/balajis/status/968236413501124608)" one. The reason I mention this is simple: what if your cryptocurrency holdings turn out to represent a big generational shift? What if this thing *really* works (those $250k BTC predictions) over the longer term. You might become FI selling ETH at $1500, but can you live with that if it hits, say, $10k in the next five years? (Somebody even [mentioned](https://twitter.com/balajis/status/968602569181339648) virtual currencies in a reply.) That's why I like the "personal runway"-concept. You basically figure out how much money you need to live on, and keep that in boring cash. Let the cryptomarket run wild (both up and down) in the meantime. + +So, instead of selling 80% of your holding at your personal Moon, to diversify into other asset classes, what if you sell xx% to cover 2-5 years of your costs, and go from there? + +A few things to keep in mind: this gets harder as you get older and more responsible. It's easier to live on "two years of cash" if you don't have mouths to feed. You'd also sit on a large (dollar-denominated) amount of cryptocurrency, so you'd probably feel more comfortable with some custodial, or exchange-traded product. And, of course, this whole thing assumes that there is such a thing as "the right bet" with regards to holding some cryptocurrencies for the long term. + +Thoughts? +**A still young token with a lot of potential, active devs, and a dedicated community.** + +*LOT acts as one LIFETIME ticket that NEVER expires! There are DAILY draws worth over 10000$ (and with rising mcap they will go up too). So grab your Ticket now while it\`s still cheap and enjoy your Lotteryticket forever, which will also increase in value over time, through the share feature + rising price.* + +**And now listed on CoinMarketCap:** [https://coinmarketcap.com/currencies/lottery-token/](https://coinmarketcap.com/currencies/lottery-token/) + +**But how does the whole thing work?** + +Each transaction has a basic fee of **6%**. **2%** is redistributed among all holders, **2%** is burned and the last **2%** are going into the lottery pool. If this reaches a quantity of 0.1% of the total supply, it will be distributed to one lucky holder. Since these draws depend on the size and number of transactions, this means that several draws are possible in one day. + +**How can I participate?** + +Any address with a minimum of ***18 LOTs*** is automatically eligible to participate in the drawings. After that, you never have to pay money or top-up, just hold and you have ***your lottery ticket for eternity***! ​ + +**What is the chance and the pot?** + +Currently, you have ***a chance of about 1/3000*** which is incredibly high compared to lotteries in the real world! The pot is currently ***\~1225 LOT*** with a current value of ***\~10000 USD***! + +**Roadmap:** + +Listing on CMC **\[DONE!\]** + +✅ Applied on CoinGecko, DappRadar + +Refurbished Website + +LOT related Features + +Exchange Listings + +**Pancakeswap:** [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) + +**Contract:** 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +**Website:** [https://lotterytoken.net](https://lotterytoken.net) + +**Audit:** [https://solidity.finance/audits/Lottery/](https://solidity.finance/audits/Lottery/) + +**Telegram:** [https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) + +**Twitter:** [https://twitter.com/lottery\_token](https://twitter.com/lottery_token) + +**Reddit:** [https://reddit.com/r/lottery\_token](https://reddit.com/r/lottery_token) +Has anyone here attempted using TensorFlow’s text analysis and correlating it with daily, weekly or monthly moving averages? If so any interesting analysis come out of it? Any code to share (I mainly use Python)? + +My idea is to use TF’s text analysis and correlate to sell/buy trends much like TF’s IMBD positive / negative tutorial for text analysis. Thoughts/ideas? Anyone interested in collaborating? + +Cheers. +I applied for a job outside of my "field" which is paying $3.50 more than I make now has benefits and is easy af! I was almost hired on the spot but they have to check one thing. I'm so excited I cant wait to hear back! Please send me good/lucky vibes so I can quit this job I have now, and dig myself out of some debt! + +Edit: I didn't get the job :( I had a slight conflict of interest and bottom line is Menards sucks lol +Growing up in a standard middle-class family, my parent were picky about when we would turn the AC on in the house, and in the car. This continued while I spent my time in college, trying to save myself money. + +I'm now a year into my career, and have recently made the decision that AC is the first true luxury that I decided I will use every time I want to. If I would start sweating simply by sitting in my car or my apartment, sure as shit the AC is getting turned on. + +I actively recognize every time I make the decision to turn the AC on - and then I remember that it is a perfect representation of why I worked so hard in college. Why I put in the time and effort to learn about finances and money management, expense ratios, 401k's and IRA's, savings rate etc etc. It noticeably affects my mood. It makes my day better. + +This is my (first) small luxury that I worked hard for, and continue to work hard for. What's yours? +I'm 25/yrs old dude, I got like 45k in the bank and I make around 95k and in 4 years I'll be at 140k a year. + +I need some suggestions because I'm just now really studying real estate and the mechanics. I grew up with a dad who was a RE investor. + +I'm looking to start a rental property side hustle and eventually go full time. What's the best first rental property to get? I was thinking of house hacking a duplex/triplex to get my feet wet +We have a back unit that's roughly 400 sq ft. with AC, electrical, and some plumbing (hot water heater and washer/dryer are in it). I was talking with my wife about turning it into a rental property and how much it might cost. We'd have to add a shower, toilet, sink, and a small kitchen area. We'd also like to fence off some of the yard for the rental to use. + +We live in Austin and this kind of unit would appeal to someone in their 20s/30s (abundance here), not a family of 4. + +Here are my rough estimates: + +Outdoor rainwater system & shower -- $4k + +Compost toilet -- $500 + +Sink & stove -- $1k + +Plumbing & ventilation for sink & stove -- ??$$ + +Fence -- $2k + +Let me know your thoughts or if I'm missing anything. + +EDIT/UPDATE +Thanks everyone for the comments! There's too many to reply to all. In summary, here is my take-home: + +1. Do not do a composting toilet. Just. Don't. +2. Zoning will drive this to-do list, including dedicated parking. Do everything legally correct and minimize risks. +3. Spend the money and do it proper the first time (will have to hire, though, I'm not handy). +4. Airbnb it when the world opens up again rather than have long-term renters. More money and more transient guests. +I was reading on another forum that as stimulus money runs out, there are supposed to be declines in the next 6-12 months, with a bottom in 18 months or so. +Per REG SHO 203 (b)(3) after 13 consecutive Days of being on said list they must closeout these FTD's. We're wondering why our quarterly cycle has ripped yet. The shorts are simply not closing these positions. Yet short interest has increased last month by another 1.3m shares. SI is bare minimum 700%. + +I feel like the NSCC & The SEC are turning a blind eye to these positions. Much like they did to Overstock(dotcom) years ago. + +TL:DR +I truly feel like shorts are pressed against the margin line and if they close these XRT FTDs it would tear them to peices. SEC is allowing this can kick as the whole market is about to collapse anyway. +For those wondering how the housing market is doing so well - FT shows it's just rich people trading upwards. + +https://www.ft.com/content/88d1274f-e414-4444-9bc7-d7c97c5cfb26 +http://www.wsj.com/articles/the-more-cash-people-have-the-happier-they-are-1473645781 + +Talks about how people feel better with more cash vs investments (with diminishing returns ofc) but also how people were happier when they spent money on things that matched their personality. + +Do you think being FI-minded is personality rather than a mentality? + +Take the article with a grain of salt, just thought it was interesting. Maybe I'll reconsider holding only 6 months expenses in my emergency account. +Guten Morgen to this global band of Apes! 👋🦍 + +Much as expected, Monday delivered a massive sell-off around the world, though I still can't figure out who is selling GME these days. Certainly not Apes, who have continued to directly register shares with ComputerShare, putting more and more pressure on all of the shorts and market makers who rely on those shares being at the DTCC to keep their shenanigans going. In any case, the troubles in China's real-estate sector have clearly started to impact other markets, and the Evergrande situation is obviously far from over. The next few days may bring continued discounts on the stock we like, especially given the great news of a 500-person customer care center opening soon. GameStop is clearly on a great path for growth, and Apes with Diamantenhände are going to be right there with them. + +Today is Tuesday, September 21st, 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: **$192.92 / 164,74 €** *(volume: 731)* +- 🟥 115 minutes in: $192.87 / 164,69 € *(volume: 706)* +- ⬜ 110 minutes in: $192.95 / 164,76 € *(volume: 676)* +- 🟩 105 minutes in: $192.95 / 164,76 € *(volume: 676)* +- 🟩 100 minutes in: $192.91 / 164,72 € *(volume: 665)* +- 🟩 95 minutes in: $192.69 / 164,54 € *(volume: 650)* +- 🟩 90 minutes in: $191.90 / 163,86 € *(volume: 612)* +- 🟩 85 minutes in: $191.81 / 163,79 € *(volume: 608)* +- 🟩 80 minutes in: $191.26 / 163,31 € *(volume: 607)* +- 🟥 75 minutes in: $191.15 / 163,22 € *(volume: 604)* +- 🟩 70 minutes in: $192.12 / 164,05 € *(volume: 588)* +- 🟥 65 minutes in: $191.17 / 163,24 € *(volume: 586)* +- ⬜ 60 minutes in: $193.39 / 165,14 € *(volume: 492)* +- 🟩 55 minutes in: $193.39 / 165,14 € *(volume: 492)* +- 🟩 50 minutes in: $193.35 / 165,10 € *(volume: 472)* +- 🟥 45 minutes in: $193.33 / 165,09 € *(volume: 451)* +- 🟥 40 minutes in: $193.39 / 165,14 € *(volume: 446)* +- 🟩 35 minutes in: $193.52 / 165,25 € *(volume: 406)* +- 🟩 30 minutes in: $193.38 / 165,12 € *(volume: 325)* +- 🟥 25 minutes in: $193.07 / 164,86 € *(volume: 294)* +- 🟩 20 minutes in: $193.38 / 165,12 € *(volume: 294)* +- 🟩 15 minutes in: $193.33 / 165,09 € *(volume: 290)* +- 🟩 10 minutes in: $192.92 / 164,74 € *(volume: 232)* +- 🟥 5 minutes in: $192.85 / 164,68 € *(volume: 192)* +- 🟩 0 minutes in: $193.22 / 164,99 € *(volume: 65)* +- 🟥 US close price: $192.20 / 164,12 € *($192.80 / 164,63 € 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 1.1711. I wrote and maintain a C# application 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 just 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! +Nobody can take anything away from Cathie Woods and Ark Invest. Their success has been amazing but at this point caveat emptor. Because of all of the new money (at one point more than Blackrock YTD) coming in, she now has to buy stocks at any valuation and cannot be as concentrated; the returns will suffer. I'm not saying that she isn't a great stock picker or anything about her ability to pick up on trends. You need to make sure that your time frame matches hers. Her time frame is 5-10 years. What we are seeing is not anything new. It has happened many times in history. I know what you're thinking, this is different. Do some research on the Munder Net Net Fund. I'm not saying that she can't get great returns or beat the S&P 500 over time, but you need to manage your expectations and strap in for some serious volatility and drawdowns. +So, my Dad has been struggling to find work for a year and finally got an offer, he told me about it and it sounded weird, but I didn't wanna be a downer and tell him before I checked. + +So the job consists of him getting packages to his home from some logistics company, then he will check the destinations and status and stuff (this part isn't clear) then he will deliver it to the next destination (UPS, Fedex etc etc). + +The pay makes sense, a decent monthly salary + commission per package. + +The part that doesn't sit well with me is: If a company is gonna deliver a package to his place, wouldn't they just rather deliver it to it's destination and cut him out? (I hate how this sounds mean to say for some reason). I am worried he is getting scammed or gonna end up mailing illicit substances. + +Anyone here that can ease my mind on this? +Between all of the events happening in the world right now and recent major media outlets talking about climate refugees and refuge cities that will be harbours for people, I’ve started thinking more about investing for and in anticipation of, climate change. + +Is anyone else thinking about this? How are you working through this thesis, and what companies do you think will be in a strong position to benefit humanity and themselves as a result of climate change? +I'm looking to buy my first property (yay!!) in Georgia at around 40-50k-ish. My lender is ok with 20% down so that'd mean the loan would be about 30k or so. And in turn the rate would be at 5.25%. + +Is that high, average, low? My credit score is well above 760, as far as credit karma says which I know can be slightly off. + +Thanks! +How would you improve your own success path if you could do it all over again? What were some good things you would have done sooner and what are some bad things you'd avoid altogether? + + +EU Parliament Passes Privacy-Busting Crypto Rules Despite Industry Criticism + +Lawmakers are set to end even the smallest anonymous crypto transactions, and plan measures that could see unregulated exchanges cut off. + +European Union lawmakers voted today in favor of controversial measures to outlaw anonymous crypto transactions, a move the industry said would stifle innovation and invade privacy. + +More than 90 lawmakers voted in favor of the proposal, according to documents seen by CoinDesk. + +The proposals are intended to extend anti-money laundering (AML) requirements that apply to conventional payments over EUR 1,000 ($1,114) to the crypto sector. They also scrap the floor for crypto payments, so payers and recipients of even the smallest crypto transactions would need to be identified, including for transactions with unhosted or self-hosted wallets. Further measures under discussion could see unregulated crypto exchanges cut off from the conventional financial system. + +National governments said in December they wanted to scrap the EUR 1,000 threshold for crypto, on the basis that digital payments can easily circumvent the limit, and to include private wallets that aren’t operated by regulated crypto asset providers. +This is trash, truth be told. We need Web3 platforms like Point Network to focus more on privacy so that we will see how this type of rule works. + + +Members of the center-right European People's Party (EPP) opposed many of the more controversial changes, condemning what they called a “de facto ban of self-hosted wallets.” +# CumRocket?? + +Yes CumRocket, it has stormed onto the crypto scene offering a fresh take on the adult industry. The project is releasing its **18+ NFT platform in the next 10 days** and beyond that it plans to produce it's own Only Fans platform for models to sell private content to willing buyers. All powered by CumRocket and the $CUMMIES token. + +This project has made me $150k and I'm still holding, haven't sold a single $CUMMIE yet because this project has serious **potential to go to 1 Billion Dollars** on a current market cap of only 20 Million. **Here's why:** + +18+ NFTs are a great use case for NFTs, it doesn't matter if the NFT will definitely appreciate in value in future because most buyers will buy them to support their favourite girl (or guy). The value doesn't have to be in the NFTs ability to appreciate in value but instead that they hold value to the buyer themselves. + +It's similar to you buying an NFT of your favourite sports team, you'd like it to be worth a million dollars some day but if not you are just happy to own it. **People are dropping 100s of millions on Cam Girls and Only Fans every year** with no monetary return so of course they will splash cash on 18+ NFTs which may actually provide a return some day! But if not they won't care. + +Crypto provides the ability to buy 18+ NFTs, pornography and adult subscriptions in private. These transactions won't appear on bank statements and that's a massive plus over current providers (eg. Only Fans). The Only Fans type platform CumRocket is building **will provide more power to the models** as well, who are already frustrated with their experience at other providers. + +18+ NFTs can be coded in really interesting ways, for example to always provide the original creator a small % of every sale of an NFT after the original sale and CumRocket is going to explore all of these possibilities to provide an amazing platform for models to build their 18+ business on. + +CumRocket already has deals with lots of 18+ models to produce NFTs and in fact quite a few have already been sold. Don't believe me? **Check the CumRocket telegram, loads of the CumRocket Models hang out in there.** (Don't be weird about it though) + +**This really is a potential 1Billion Dollar Token**. It has an amazing use case and is the **first token in its market to really catch on**. It's building massive momentum and in a few weeks I think people will look back and think "f\*\*\* I wish I got in on that". + +**Here's a few more great things:** + +* Lead Dev is fully doxxed and today quit her job as a software engineer to focus on CumRocket full time (Bullish AF) +* Liquidity is fully locked +* 50% of Dev Tokens are being locked +* Marketing budget just got a massive boost +* There is organic marketing from the models who CumRocket works with. They promote their NFTs to their hundreds of thousands of followers. +* CumRocket went from 4,000 to 7,000+ holders in the last 24 hours + +&#x200B; + +# 💦 CumRocket $CUMMIES Overview 💦 + +The 3 week old BSC token with huge plans, CumRocket has just added 3K HODL'ers in 24 hours, this 3 week old project has got so much left in the tank! The marketing budget just got a huge boost and a big paid marketing campaign is on the way. + +CumRocket has formed a team of around 20 members, including an artist, UI/UX Designer, marketers, community managers and multiple developers! They are serious about making this project work - the creator/developer is a **female software engineer who also is doxxed** with a following of 24k followers on TikTok (@TLDRFinance). The team are always active on telegram/discord, and keep everyone up to date with the progress of the project. + +🎉 Their main plans are to expand into the private paid 18+ content sector - think **"The OnlyFans of Crypto"**, only creators receive a larger cut! Creators will be able to upload their private content with fans able to pay in crypto, and tip in $CUMMIES! + +This is bullish for the $CUMMIES token because of a few reasons: + +✅ since their main wage doesn't depend on it, models are likely to hold it as an investment and watch it grow + +✅ models can earn passive income through the redistributive nature of the token, which has the ability to support sex workers more + +The NFT platform is already a work in progress, with a release scheduled for the end of April and the aim of making it as accessible as possible (for creators who may be new to crypto, but see the benefits that paying/being paid in crypto gives). Eventually, they would like to bring the tech in for NFT auctions too... + +After this platform has been created, **a User Generated 18+ Content Paywall Platform** will be developed, where creators can upload their BEST content to their fans! + +💰 In the future, CumRocket would like to give dividends to holders and other incentives for holding a certain amount of $CUMMIES! + +Whilst this platform is in progress, they are raising funds for marketing/development costs aswell as creating awareness, through selling NFTs. + +# ⚔️ Tokenomics + +💎 5% tax on each transaction + +💎 2.5% gets redistributed to current holders in proportion to their holdings + +🔥 2.5% gets burned forever! + +😋 Just sit back, relax and watch your $CUMMIES automatically increase! + +Links + +💦 Website: [https://cumrocketcrypto.com/](https://cumrocketcrypto.com/) + +💦 Telegram: [https://t.me/cumrocket](https://t.me/cumrocket) + +💦 Discord: [https://discord.com/invite/Tett4kJsKN](https://discord.com/invite/Tett4kJsKN) + +💦 TikTok: [https://vm.tiktok.com/ZMePKXKLW/](https://vm.tiktok.com/ZMePKXKLW/) + +💦 Twitter: [https://twitter.com/cumrocketcrypto](https://twitter.com/cumrocketcrypto) + +⚰️ Burned dev tokens: [https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9](https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9) + +🔒 LOCKED Liquidity: [https://dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC) + +🥞 PancakeSwap (slippage 6%): [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d) + +📜 BscScan: [https://bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d](https://bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d) + +📈 Chart: [https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d](https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d) + +Binance CumRocket: [https://t.me/BinanceRocketCUMMIES](https://t.me/BinanceRocketCUMMIES) +Do investment account managers at banks, Merrill Lynch, etc know what they’re talking about or do they all go through a course to just sell their investment products? Is there a professional out there that I can say hi, this is why I have, these are my goals, tell me what to do. Like a rain man of investing😏 +I feel like every time I speak with one of these guys they kinda all have the same “bucket “ narrative. Am I speaking to the wrong professionals? +What I think is most of the miners would fork ethereum to extract the final juice out of their investment. And these so called billionaires are looking to make the most out of it by encouraging the PoW just to fill their bags. + +Do we really need a POW fork for ethereum? +Guten Tag to this global band of Apes! 👋🦍 + +What an exciting week! Yesterday we saw the price break out upward, reaching 15% up in just a few hours. Seemingly timed to coincide with Jerome Powell's statements, the institutional shorts aggressively attacked the price for the rest of the day. We still ended up a few dollars, but this kind of volatility demonstrates that their grip may be slipping and are only able to muster such a response when things get dire. Meanwhile, there are increasing reports of instances where brokers are unable to transfer or DRS shares - while not conclusive, this is a signal that legitimate shares may be scarce and each DRSed share is going to tighten the vise on the SHFs even tighter. + +On a separate topic, I want to thank the mods of r/Superstonk for how they've managed this community through this past year. This a truly special place, and the quality of the community is largely due to the organic growth that they've fostered as opposed to viewing themselves as leaders of a movement. The drama elsewhere highlights just how fragile these communities can be, but the mods here have consistently placed the community first, and I applaud them for that. + +Today is Thursday, January 27th, 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: **$102.21 / 90,63 €** *(volume: 2243)* +- 🟩 115 minutes in: $102.21 / 90,63 € *(volume: 2228)* +- 🟩 110 minutes in: $102.14 / 90,57 € *(volume: 2196)* +- ⬜ 105 minutes in: $102.12 / 90,56 € *(volume: 2078)* +- 🟩 100 minutes in: $102.12 / 90,56 € *(volume: 2073)* +- 🟥 95 minutes in: $102.07 / 90,51 € *(volume: 1954)* +- ⬜ 90 minutes in: $102.62 / 91,00 € *(volume: 1821)* +- 🟥 85 minutes in: $102.62 / 91,00 € *(volume: 1815)* +- ⬜ 80 minutes in: $103.02 / 91,35 € *(volume: 1788)* +- 🟩 75 minutes in: $103.02 / 91,35 € *(volume: 1544)* +- 🟥 70 minutes in: $102.95 / 91,29 € *(volume: 1539)* +- 🟥 65 minutes in: $103.02 / 91,35 € *(volume: 1332)* +- ⬜ 60 minutes in: $103.74 / 91,99 € *(volume: 869)* +- 🟥 55 minutes in: $103.74 / 91,99 € *(volume: 867)* +- 🟩 50 minutes in: $103.75 / 92,00 € *(volume: 854)* +- ⬜ 45 minutes in: $103.30 / 91,60 € *(volume: 674)* +- ⬜ 40 minutes in: $103.30 / 91,60 € *(volume: 670)* +- 🟩 35 minutes in: $103.30 / 91,60 € *(volume: 669)* +- 🟩 30 minutes in: $103.27 / 91,57 € *(volume: 659)* +- ⬜ 25 minutes in: $103.26 / 91,56 € *(volume: 657)* +- 🟥 20 minutes in: $103.26 / 91,56 € *(volume: 639)* +- 🟥 15 minutes in: $103.27 / 91,57 € *(volume: 639)* +- 🟥 10 minutes in: $104.27 / 92,47 € *(volume: 482)* +- 🟩 5 minutes in: $105.22 / 93,31 € *(volume: 84)* +- 🟩 0 minutes in: $105.12 / 93,22 € *(volume: 34)* +- 🟩 US close price: $103.26 / 91,57 € *($104.50 / 92,67 € 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 1.1277. 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! +“It is critical for humanity that we expand our civilization to Uranus” + +When I read this in context to everything that has surrounded this saga, I feel like RC is telling us MOASS will save humans and civilization. + +It’s not mystery to anybody who has been on this sun for the past year and a half the amount of crime and fuckery that has been uncovered. It is also clear that the current “1 percent” don’t give a fuck about anything except profits and fucking over the little guy just to be the top. + +It has destroyed the planet, pinned us against each other and if we continue on this path, we probably are all doomed (sorry to sound so bleak, but 90 plus percent of us live on the shit.) + +MOASS will be the greatest transfer of wealth and bring us all into a a new age. + +I like to believe all of us holding will us this money for good and help the planet and civilization heal and grow anew. I think Ryan Cohen believes in us as much as we all believe in him! + +May we all launch to Uranus and expand our civilization!!!! + +🚀🚀🚀🚀🚀🚀🚀 +Am I the only one that can’t believe how ridiculous used car prices are at the moment? +Currently looking for a car and just disgusted by the prices. +Just saw a 2015 Mazda 3 Maxx is listed for $24000 when it was sold brand new for $23000, 7 years ago!!!! +And there must be buyers so how can people be paying such exuberant prices for these cars? +**Edit:** Robbin" + +**Edit 2:** This ain't breaking news. + +Only saw it today after Pinkcatsonacid twitted, but it seems like a lot of people forgot or didn't see it either, so here it is =p + +**Edit 3:** [Link to the whole conversation](https://www.youtube.com/watch?v=K8qP_8nXpuo&t=4962s) (thanks u/nepia) + +&#x200B; + +VLAD'S VOICE, VLAD'S CHOICE + +&#x200B; + +[https:\/\/youtu.be\/T9n5jafj3mQ ](https://reddit.com/link/p6yslm/video/cxoz17sra6i71/player) + +This dude LIED UNDER OATH while talking to the freaking senate. + +HE IS FREAKING LAUGHING WHILE TELLING HOW HE FUCKED WITH MILLIONS. + +He deserves to be bankrupt as much as Kenny G deserves to be in jail. + +&#x200B; + +And here we have the CEO of the NSCC before congress denying what Vlad Tenev said happened on Jan 28 2021 + +&#x200B; + +https://reddit.com/link/p6yslm/video/w0m38t79c6i71/player + +&#x200B; + +GG WAT DOIN? +IMHO the only reason the short sellers are still alive is the whole financial industry colluding against retail, because they all together created a massive pile of ticking timebombs and GME is just one of them. They desperately try to suppress any of them blowing up, until they have a scapegoat like Evergrande (interesting how there are suddenly no news, if they defaulted or not) and more control over liquidation procedures. That might be the only way to prevent a 1929 scenario - and likely the reason, why neither the SEC nor RC/Gamestop can interfere right now. + +**One thing to keep in mind is NSCC-2021-10....** + +We have seen Blackrock selling half of their 9M shares lately: + +[https://fintel.io/so/us/gme/blackrock](https://fintel.io/so/us/gme/blackrock) + +**Why would they help their enemy ???** + +Well, NSCC-2021-10 is the final "crash protection" rule it seems. It also includes auctioning for defaulted members assets by sponsored members as I get it. So I guess Blackrock has a very high interest to ensure, that there will be no crash/MOASS before they can have their share of the cake (and protect the trillions of dollars in assets they have in the markets). And if someone is able to stall MOASS for some time, it is Blackrock. Nonetheless even they already burned through half their shares, also not sure if the rest is not bound in some derivatives. + +[https://www.sec.gov/rules/sro/nscc/2021/34-92860.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-92860.pdf) + +New date for decision about **NSCC-2021-10** is **10th of November. And no, this is no hype date!** + +This is almost 400 pages of legalese, but there was an attempt to figure out the meaning of all the changes: + +[https://www.reddit.com/r/Superstonk/comments/or2r9y/the\_moaff\_the\_mother\_of\_all\_fcking\_filings/](https://www.reddit.com/r/Superstonk/comments/or2r9y/the_moaff_the_mother_of_all_fcking_filings/) + +**Remember, they still have to buy back all phantom shares to close their positions. This rules will hopefully prevent a market crash, but in the infinity squeeze our end boss for infinite tendies was always the NSCC/DTCC. It just seems they opened a portal for us to directly access his chamber, because the mini bosses shit their pants and are desperate.** + +So effectively nothing has changed and DRS is still the way. They need to shake enough retail out to ensure there will be no infinity pool, thus no infinity squeeze. I think now is a good time to look at the PsyOps strategies Big Money is using. We all remember that "**Korean Ants**" and "**Crypto Allies**" and now "Shout to all" - right before a run-up. They might use that to mask their intentions and the excitement to draw in some new inexperienced investors, which are their prime target, because they likely paper hand. + +I have tried to inform people about this blatant manipulation regarding the current crypto rip, but unfortunately not many took a closer look: + +[https://finance.yahoo.com/news/bitcoin-drops-investors-buy-22k-134120409.html](https://finance.yahoo.com/news/bitcoin-drops-investors-buy-22k-134120409.html) + +**Yes... right before the RIP, they lured in retail short sellers, who thought it will be a safe bet to short crypto, that was dropping from its heights for 3 months already - from 63k to 30k.** And then they blamed the RIP on institutional short sellers getting squoze, while in reality Big Money squoze mostly retail investors. Big Money has deep pockets unlike retal. They can absorb massive price swings or even buy stuff just as "cost of doing PUMP and DUMP business". Lets see, what will happen till end of the year and if they let those expire worthless, or suddenly massive FUD and a massive price drop, when they will short right from the top. + +*On Sunday, 500 contracts of the $22,000 put option* ***expiring on Dec. 31*** *changed hands via the institution-focused over-the-counter (OTC) desk Paradigm. Similar volume crossed the tape for the $20,000 put expiring on Dec. 31.* + +So... what about that latest BBBY and "Shout to all" - RIPs ? + +**I think the BBBY story was likely a setup (look at date):** + +[https://www.benzinga.com/news/21/11/23799305/why-bed-bath-beyonds-stock-could-slam-short-sellers-yet-again](https://www.benzinga.com/news/21/11/23799305/why-bed-bath-beyonds-stock-could-slam-short-sellers-yet-again) + +Who knows, if they do not have plants in BBBY management, like they did in Gamestop management. Seems that is often part of the plan for them. + +**Now we have a Cramer article:** + +[https://www.cnbc.com/2021/11/03/cramer-warns-shorts-about-reddit-crowd-over-bed-bath-beyond-squeeze.html](https://www.cnbc.com/2021/11/03/cramer-warns-shorts-about-reddit-crowd-over-bed-bath-beyond-squeeze.html) + +Would not be surprised, if they would try to drop the price massively now, despite any potential Gamestop announcement. Todays and yesterdays bars look exactly like the PA from the June top. + +Personally I think, they might not be able to control the run up on 22nd+ anymore with more and more DRS and rule changes and likely lower and lower margin ceiling. So the only window of opportunity for "shaking the tree" is right now. No guarantee it will happen that way, since we can not read their plans the same way like they can read our posts here. Maybe they just need to brace for the NFT FOMO. + +In any case, I think the BBBY run-up might have been an attempt to drain retail of some buying power before a potential announcement with FOMO potential today, 5th of November. That way it will be more likely, that they can succeed in dropping the price back to support and beyond in a desperate attempt to shake out enough retail. Remember no Stop Losses and no Margin accounts... they might get you with a fierce, but short lived dip. **Because the lower the price, the higher the retail buy power per paycheck... 600 USD is only 3x200, but 15x40!** + +[https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml](https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml) + +For a short time GME was indeed below 50% buy ratio, so some paperhands sold on top. Many apes buy on CS nowadays, so the data is tilted to the average Joe investor, not apes, though. But they know the average and uninformed retail investor typically sells right after the first sign of green after a long period of red. And those are also likely to FOMO right back on top, just to get screwed by Big Money again. **Don't play games you can not win - Buy, Hold, DRS is what makes their PsyOps ineffective and the only safe and effective way for retail investors in the markets.** + +All this is no financial advice, just some personal thoughts I wanted to share. It is important, that new apes will not be nervous, if GME would drop a lot or another MEME stock would fake squeeze. Because Gamestop is an awesome investment even without a short squeeze. + +**Especially, because we have a rather small number of issued shares...** look at Amazon as example - over 500M shares issued, but trading around 3500 USD! So without share splits, we might see even five digits long term, once Gamestop starts to roll and makes most of their money in new technologies, rivaling Amazon. + +Last but not least, I personally think the MOASS can not be suppressed forever. I think nobody wants to see a market crash of 1929 proportions. It is not retails fault, that Big Money got greedy, but when retail makes a mistake, we are liquidated mercilessly. And so should Big Money - we want our money back! The money stolen in 2008 and with all the market manipulation we have discovered lately. It seems the whole financial industry colludes against retail right now, but same like Tesla, Gamestop rocks. It is like investing into half a dozen unicorn startups at the same time and soon even the average Joe investor will get the message. Short sellers will bleed like a waterfall and will have to close their positions at some point. They are just complacent, because they have been winning all the time with their bullying practices in the past. + +**There are so many potential triggers for a MOASS.** + +\- Once Gamestop pays regular cash dividends, they will have to match them for every phantom share, while retail will buy even more shares from the extra cash. + +\- Once Gamestop reveals more and more projects, even the last retail investor will understand, that Gamestop is no longer just Brick and Mortar. And institutional investors will have to pile in, if Gamestop grows and moves into the big indices. + +\- DRS will eventually remove all shares from the DTCC. + +\- Kennys investors can leave each December. And no fund and prime broker can afford to carry an ever growing bag of liabilities forever, they all have to make money for their investors and shareholders. + +\- Still a lot of DOOM Puts in January... last expiries seem to have caused trouble already, did the margin ceiling drop too much? Well, then lets see how they will like January expiry in their books. + +\- Crypto dividends or even creating an own market place, withdrawing from the DTCC like mentioned in the prospectus. + +\- SEC is slow, but Gensler seems dedicated to clean up the mess (without causing a crash). Maybe **NSCC-2021-10** is what they are waiting for to be able to make a move and prison is finally on the menu. + +\- RH trial is stirring up some interesting sh.t, at some point the average Joe investor will figure out, how much they have been screwed up in 2008 and ever since... and if they do, nobody will be able to stop the Tsunami. It will wash away all the corruption. + +I could go on for hours, but I guess you get the picture. There is no specific date, but the greed of Big Money has created a Black Hole in the markets. Eventually it will consume even the largest bodies - simple logic. As stated above, this all is not financial advice and only a personal opinion. + +**TLDR:** Proud and honored to be part of the strive for fair markets and against manipulation and corruption with all of you. Just continue to spread the word and eventually change will come. + +I am sorry, but what I posted is kind of TLDR from months of work of the whole community, just trying to put some puzzle pieces together. So I hope some of you will indeed read that wall of text over the weekend 😉🚀✨🌒 + +**Edit: one more important thing**, please support this project, otherwise Big Money will tell the story their way, instead of us telling the true story: + +[https://www.apestogetherstrongdoc.com](https://www.apestogetherstrongdoc.com/) + +[https://www.reddit.com/r/GME/duplicates/mgoo4a/update\_question\_who\_wants\_a\_real\_documentary](https://www.reddit.com/r/GME/duplicates/mgoo4a/update_question_who_wants_a_real_documentary) +Title + +I've rationalized it as a hedge. The assumption is that we're going to see another large drop in the market (of course we are). + +I have around 10% of my portfolio in cash just hanging out in my TFSA. I have the other 90% of my portfolio spread across indexes. Approx 35% international stocks, 25% Can + US equities. 10% emerging market, 10% small cap US, 15% small cap + value US. I'm fine with my asset allocation. The volatility of an all equity portfolio doesn't bother me. + +&#x200B; + +I'm not asking for advice on my portfolio, but I'm wondering if I'm being irrational by holding on to cash. + +\-If the combo of my equities behaves bullish, I'll likely lose a small amount before I dump it in. I'm speculating that there's not way there's going to be a large trend upwards. Therefore, there isn't a large amount to lose with this strategy. I get to call it an emergency fund as well I guess. + +\- If the combo of my equities behaves bearish, I stand to benefit, generally speaking. My logic is: my portfolio was going to go down anyhow. What ever money I stood to lose from being invested is going to happen, and 10% with not take that hit. When I near the bottom (or get close to it) I can dump my 10% in to re-balance those indexes that took the largest hit. With this method I'll stand to save money that would be lost on the 10% on the way down, and would get to re-balance + get a lovely premium. If the direction of my speculation is correct, I kind of assume the magnitude is as well. + +&#x200B; + +Both of my options in this speculate about 3 things. oof + +\#1 there will not be a large uptrend in the short term + +\#2 there will be a "new" and more sever decrease generally across markets + +\#3 the magnitude of this decrease is going to be large + +&#x200B; + +&#x200B; + +Now that I've written it all out, it does seem like holding is a bad idea. What is the prudent decision? +After only a couple of weeks my current favorite forum is r/dividends. + +I look forward to seeing snapshots from Stock Events whether somebody is earning $100 or $100,000 per year. I'm happy for each person and the enthusiasm is contagious. + +The first time I saw a snapshot here I was hooked because while following stock prices every day is fun in a bull market, it is considerably less so in a bear market. Meanwhile, dividends are always happy as they keep rolling in. + +On Stock Events I especially like swiping the upcoming dividend payment dates. It's a gift that keeps on giving. + +Additionally, I know Reddit is fairly smash-mouthy by nature, and I'm surely not innocent, but it's definitely nice to have a sub that is laser-focused and civilized in the common pursuit of prosperity. + +Thank you, you, you, and you for showing me a happier way to look at my portfolio. +Hello all, + +This is my first post but I've been following the thread for a little while now, and my wife and I have just put in motion a plan to drastically increase our savings that I though I would share here as it could apply to others. + +To start with a little bit of context: we're in our early 30s, no kids yet and only one income. I work as a consultant/CPA and the pay is good but I spend most of my weeks travelling while my wife stays in our apartment in LA.This creates two problems for us: we have expensive fixed costs from renting and living in LA, and we spend most our time apart. + +The plan: my company offers a road warrior status, where the expectation is that you constantly travel, but in return are paid 30% on top of your ordinary salary. All housing / food / car costs are taken care of by the company.So we've crunched the numbers and if my wife follows me everywhere I'm assigned, we can give up the apartment, the car, and most of our monthly expenses, thereby bringing our monthly spending budget from $5k to $1.5k, and getting the additional 30% in income.With this, we would be looking at a savings rate of 86% (of take home pay), vs. $57% today! + +Combined with our current assets, we can hit our FIRE target (30 times annual spending) in 6 years only! + +The obvious downside is that its much harder building your social network when you only spend a couple of months at each location .. but we're hoping that the prospect of financial independence in our 30s is worth that much. + +So if you job gives you that opportunity you should go for it! If not and you're a CPA, send me a private message because I know we're always recruiting! + +If anyone has suggestions on how to make the nomadic lifestyle work best, I would love to hear them. + +Cheers +https://preview.redd.it/sie013v1x2171.jpg?width=1426&format=pjpg&auto=webp&s=e5bd5d23c226b58c8381408deecbf249fc6b04ce + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎶🎶🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤🎶🎶 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Hi Apes,** + +B\_T here! I am pleased to be addressing you guys again. Welcome to The Jungle Beat, a new collaborative project Pink and I are working on. We thought it would be great to bring you guys two daily posts: + +The Daily Stonk having a greater focus on hard news, and DD. Something to start the day with, like a newspaper. While The Jungle Beat focuses on highlighting the community in a lighthearted, more casual way. Something that you can wind down with at market close everyday. Big news, community announcements, content from the Apes, like a community board. We hope you guys like it! + +Today PinkCats is busy prepping with Lucy Komisar, but she wanted to welcome you guys herself so that said... Over to you u/PinkCatsOnAcid: + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +*What's up Superstonk!  I'm so excited to be working on The Jungle Beat with* u/Bye_Triangle *and the whole mod team! This concept is ever evolving, and was born from the idea of providing a daily post written by apes, for apes. A speak-piece for the sub that brings you the latest, most relevant news from around Superstonk.*  + +*Speaking personally, I sincerely enjoyed the time I spent with you all writing the Superstonk Daily and I hope that this new format serves to continue the idea that we are committed to growing this sub and it's following, using verified, trusted information from mods and community members alike! The Jungle Beat is the steady drum by which we all march in this Battle of the HODLers of GME vs. Goliath. Thank you apes for bringing the magic to this jungle! None of this would exist without this community and its resolve.* 💖🦄✨🦍💎🐈 + +&#x200B; + +[Signed, PinkCat](https://preview.redd.it/yfjs4rmr64171.jpg?width=540&format=pjpg&auto=webp&s=f9ac5b11052bfca7cb09989ce5cf248238a55c08) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Thanks for jumping in on such a busy day! + +So without any more delay, here is debut edition of The Jungle Beat! + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# 📰 LUCY KOMISAR AMA TODAY 📰 + +We had a fantastic time hearing what Lucy had to say about us and about the issue of naked short selling, offshoring, the SEC, and GameStop. Today's AMA is going to focus on **The Securities and Exchange Commission (SEC).** Needless to say this is going to be a hugely important insight on this matter given Lucy's history and familiarity with the SEC. + + Lucy will be sharing with us the history, the purpose of the formation of the SEC, and sharing details on their regulatory oversight. + +**Tune in today at 4:30 pm Eastern on the** [Superstonk Live YouTube channel!](https://www.youtube.com/watch?v=wuPizlDY0Ys) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Suggested reading for today is Lucy Komisar's latest article on this whole short-selling scam: + +[How corrupt brokers, hedge funds with govt & media facilitators steal from stock market investors](https://www.thekomisarscoop.com/2021/05/how-corrupt-brokers-hedge-funds-with-govt-media-facilitators-steal-from-stock-market-investors/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Check out the Last AMA with Lucy Komisar here: [Lucy Komisar AMA - Part 1](https://www.youtube.com/watch?v=wKXWvEpnN34&t=3s) + +And a transcript-- accompanied by summaries here: [Lucy Komisar AMA (Pt1) AMA Transcript/ Summary](https://www.reddit.com/r/Superstonk/comments/nj867u/official_ama_lucy_komisar_monday_may_24th_lucy/) + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# ♠♣♥♦ u/atobitt's House Of Cards ♠♥♦♣ + +So as if the hype train wasn't rolling with enough steam already, u/atobitt brought us an appetizer for the HOC II&III with this little update: + +*"I have officially finished the HOC part II and submitted it to Dr. T, Wes Christian and Dave Lauer (* u/dlauer *) for review. They are welcome to share among their peers, as well.* + + *I have shared this document with the MOD team and asked them to keep it hush-hush until we receive feedback. They can give their impression, but not any detail. That being said, it is a 24 page word document explaining how big the House of Cards truly is. Instead of trimming out vital information, I have decided to double-drop parts II & III at the same time once I have feedback from the experts.* + + *I appreciate everyone being patient and ask for you to give our experts the time they need to fully review the findings. This is important and I appreciate all of their efforts to make the story airtight."* \- u/atobitt + +[\(This is legit how I felt - B\_T\)](https://preview.redd.it/k7t6lv33o3171.jpg?width=780&format=pjpg&auto=webp&s=3b17d8cbf1720ff52d7918586aaf027ec51aeb41) + +I can confirm that this piece is going to make you mad and make you HODL and probably make you want to completely smash the broken way of doing things and start over (as if you don't already). We highly recommend taking this opportunity to refresh yourself on [HOC Part 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) + +Major shoutout to u/atobitt for such dedication to writing his entire collection of DD for all of us smooth brain apes to finally understand the elements at play here. We don't do hero worship around here, but we do give credit where it's due and Ato has been working tirelessly on the research and writing of this HOC trilogy. + +Atobitt, you embody a true ape. This community appreciates the time you spend on your contributions. + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# 📢 NEW MODS - In case you missed it 📢 + +u/redchessqueen99 announced on the weekend that we have some new team members. This weekend went very smoothly and that was due, in no small part, to these two individuals... So glad to you have you guys on board. I am so excited for all the amazing ideas these guys have, there is some exciting stuff coming! + +So, we thought this would be a great opportunity for them to officially introduce themselves. If you haven't already, say hello to u/Sharkbaitlol and u/Bradduck_Flyntmoore ! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +u/Bradduck_Flyntmoore + + +"*Greetings, apes!* + +*It is I,* u/Bradduck_Flyntmoore*! BT and Pink asked me to write a blurb about my new role as mod for the best subreddit in existence, so here me be.* + +*I was brought on to function as an Ape-bassador, if you will, with a focus on community engagement. Your friendly neighborhood Ape Assistant. That means interacting with all of you breathtaking creatures!* *I'll be in the comments with y'all, cracking jokes and pretending I have wrinkles, same as I was before becoming a mod, in addition to a few pet projects I have in the works. Some of you have already encountered the "wild FLAIR POST"s out in the jungle (please, if you got new custom flair from me in the last 24hrs, comment "thanks for the flair" below! Some of them were hilarious and others were very creative), but don't worry if you missed it. I promise there will be more. In fact, let's start now! Comment the custom flair you want and I'll do as many as I can before my fingers fall off. One of my main goals, after all, is to get every ape that wants it their own flair. I'll also be developing a "suggestion box" that apes can provide feedback to as far as things they like/don't like about the sub, ways we can improve, content that y'all'd like to see, etc.* + +*Lastly, in an effort to make sure the other mods are able to dedicate the time they need to their own duties, I ask that you tag me in posts requiring attention (beyond the normal reporting of spam/inappropriate material/FUD/etc). If I am unable to assist you myself, I'll call upon whichever mod is most appropriate to the situation. I'm not saying to only tag me, but that I am happy to serve as liaison between apes and mods. Fun fact, most mods are tagged between 30 and 200 times a day. Every day (I believe red, for example, is at 400+ notifications as I type this). As you can imagine, it can get difficult to keep up, especially when there are other projects that require focus and attention to detail, plus boring IRL stuffs.* + +*Thank you all for everything you do for this sub. It wouldn't be the best place on the interwebs without you. Y'all know the mantra by now: Buy, Hold, vote if you can, and always be excellent to each other!* + +*Power to the Player! 🚀🌛 "* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +u/Sharkbaitlol + +*Hey everyone,* + +*It's your ape,* u/sharkbaitlol *chomping away at the DD posts. It's been a crazy couple of days since being brought on, I greatly appreciate all the kind words all of you have been leaving me. This post may serve as a good time to bring up why I was brought on, and what I aim to do during my time here!* + +*It's becoming apparent that* /r/superstonk *is becoming a key destination for many (including reporters) to find information about not only on GME, but the economy. The level of data we have apes including into their posts is often worthy of Pulitzer awards; that's not an exaggeration. These are posts loaded with links, graphs, math and data. Believe me, they're getting noticed on a global level.* + +*To help initiative further, my goal here will be to categorize, summarize and provide additional research points on news articles and DD around the sub. You will probably see this initiative around superstonk in the comments section of a post, under the header "Shark Tank Review". This is an effort to help simplify the information being presented into a quick "TA;DR (too ape; didn't read)" that helps you understand what part of the puzzle you're looking at!* + +*Here is an example of one of these posts 🙂*[*https://www.reddit.com/r/Superstonk/comments/nj7n6m/cnbc\_to\_citadel\_what\_or\_who\_is\_the\_link/gz6nm3b?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/nj7n6m/cnbc_to_citadel_what_or_who_is_the_link/gz6nm3b?utm_source=share&utm_medium=web2x&context=3) + +*With that being said; I too am only one ape, so I will rely on this community to tag me on posts you feel could be important to the puzzle. I will try my best to get to as many posts as I can!* + +*To the moon and beyond apes 🚀🌛* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# 🗳VOTE VOTE VOTE🗳 + +I will say this over and over again until we get to the Shareholders Meeting: + +EVERYONE MUST VOTE THEIR SHARES. If you are given the opportunity to vote and you pass it up, you are doing yourself a disservice. You aren't taking the opportunity to exercise your right as a shareholder, and therefore you are allowing the HF's to get away with this behavior. + +It sounds like every day more and more apes get their paperwork to vote. I don't know about you guys but I am totally HYPED to see the vote count. I have a feeling it is already far beyond the number of shares that exist... but only GameStop knows that number for now. + +&#x200B; + +https://preview.redd.it/xezpoavtc3171.jpg?width=1000&format=pjpg&auto=webp&s=03c02eabb853ad8b26a765a97505ba9b46a9529a + +*\*Psst\* Hey Ryan Cohen, feel free to hit me up with that vote count! I can keep a secret* 😏 + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# 🎉HYPE WEEK🎉 + +Mon - Lucy Komisar AMA | T+35 + +Tues - T +21 + +Wednesday - Heads of big banks in front of congress Part 1 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) [(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) + +Thursday - Heads of big banks in front of congress Part 2 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) [(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) |Harambe's Birthday + +Friday - Harambe Memorial Day (R.I.P.) + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week... + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. + +***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Please feel free to share feedback on The Jungle Beat. If you have any ideas for what you'd like to see in these posts in the future, let us know!!](https://preview.redd.it/vkr7mmens2171.jpg?width=1600&format=pjpg&auto=webp&s=5c45e4ab22dd4619e3cbd10d14ccfe00c011ea73) +I've tried talking to quite a few therapists (in-person, Talkspace, and Betterhelp), but I can't seem to find anyone who I can trust. I don't really know what I'm looking for (or if this person exists), but right now I need some combination of therapy, coaching, mentorship, and accountability. Mostly just someone who I can vent to and talk about things I'm struggling with and get some help with prioritization and clarity. And then I need accountability to stick to a plan and untangle a bunch of stuff and make some progress towards my goals. + +My problem is that it can be awkward or dangerous to talk about some of this stuff (especially financial stuff) with friends or strangers. It's also really tough to find someone on Google, because the top results are some Tony Robbins life coach gurus trying to sell me a course. + +Any recommendations? +So the neverending unsolicited advice from basically everyone that invests in the markets instead of trading in the market is "You can't beat the market!" or "Statistically it's almost impossible to do better than the market YoY." + +If this is true, then what's the point of investing? Trading operates under a different assumption, so it's not worth mentioning. Investors, however, believe they can't beat the market and yet they/we/you buy into various funds, ETFs, Companies, and other equities for.... reasons? If you can't beat the market just put 100% of your money in SPY, VTI, and VOO and go home. + +Can someone explain this to me? Is the phrase "you can't beat the market" a blatant lie, propaganda, or an inconvenient truth that everyone ignores? +Hi Regards, + +I am just going to dive right into this one. + +For those who haven't done any reading on Archegos' use of bullet swaps, here's a little bit more info. With a regular swap, the value of the position or basket of positions is updated regularly. This value fluctuates constantly, as the value of the position/s in the bin fluctuates in the market. If the value of the position decreases too much, a margin call may be made, whereby the party who has taken out the swap must further fund their account in order to meet the margin call. This is standard operating procedure. Think about it like this: If you short a stock, you can constantly see the fluctuating value in your trading account. If the value of this position drops significantly, you may be required to post margin. This is very similar to how a traditional swap works. + +With bullet swaps, we go fully regarded. A bullet swap's value is NOT updated as time goes on. It remains at the book value posted from initial purchase. This means that the underlying positions do not have to be reviewed, and do not have to be margin called. It is no wonder this was an attractive type of swap for a firm like Archegos. In the case of a two year swap, Archegos would have up to 2 years to make the money back for the principal payment plus interest. For the high-risk trades they were making, it's probably safe to assume there could be a lot of volatility, and they would not have had to deal with margin calls along the way. After all the firm was once a darling; making SIGNIFICANT returns year over year. + +Here is why a bullet swap is completely illogical and poses a risk to the market. The underlying value of the position not being tracked means that nearly anything could happen in that multi-year period where the swap is held. Them not having to meet margin requirements creates significant risk, and there should be doubt as to whether or not any firm would be able to meet their obligations at the end of the swap agreement. Here's where it gets WORSE. You would think for a high-risk asset like a bullet swap, the premium payments might be absurdly high and/or frequent to offset the risk. You'd be wrong. + +For a bullet swap, there is typically NO initial payment upfront. There is NO monthly premium payment. The premium is paid back, plus interest, at the END of the swap agreement. Read that again. At the END. You know, the END, where there should be doubt as to whether or not the firm who's taken out the swap will even have any of the money left? Because remember, with bullet swaps, the value of the positions is not regularly tracked. + +[https://fincyclopedia.net/derivatives/b/bullet-swap](https://fincyclopedia.net/derivatives/b/bullet-swap) + +Now, it's supposedly possible for the firm on the other end of the swap (Let's call them Firm B, the counterparty, who has agreed to make the swap with Firm A, or Archegos, in this case). Firm B could take out an insurance policy or use a variety of calls or puts to hedge against the position that Firm A has taken... but this comes at a cost to them. It's possible they could pass some of this cost along, and factor it into the interest payment... but there's significant doubt as to whether they'll receive that interest payment. Why would Firm B agree to this swap? Sure, they COULD receive an interest payment... but they could also receive an interest payment from holding Bonds, or receive dividends from stock they buy into... why take on such a high-risk position? + +This last portion is speculation, but here's my thesis. I arrived at this by asking myself "Why would Firm B agree to this swap position, when they know it exposes them to significant counterparty risk?" + +The most logical answer I can think of is that they WANT to be exposed to the counterparty risk. Remember, large financial institutions have certain requirements they have to meet. They are supposed to keep a somewhat balanced portfolio. They are not supposed to gamble all on one play. They have rules and regulations to follow. But sometimes, executives might perhaps want MORE of a trade, beyond what they're allowed to have. And swaps create the near-perfect instrument allowing them to do that. Bullet swaps just make it easier. + +Picture it like this: You are Firm B. You believe so strongly in one of your short positions, that you throw everything you can at it. Let's call this short position GameStop. You and all your major banker friends have decided to short the shit out of it, and drive it into the ground. However, you're only allowed to take on so much risk.... + +But you have more money. More money you need to spend. More money you want to allocate to positions, especially this position! But it's a high-risk trade. So what could you do? Well, perhaps you could agree to a swap position with a smaller firm, and gain a small interest payment. Interest payments are typically tiny, miniscule, and look safe to regulators. But the asset class is volatile, it's a short position. So a regular swap could blow up in your trading partner, Firm A's face. Not only is that bad for them, it's also bad for you. Forcing them out of their position could end up with them having to close their short position, which would send the price up... which is also bad for you, because remember, you also have a large short position in GameStop. So you come up with a solution. Eureka! A bullet swap! This will allow them to not be margin called, and you can demand a slightly higher interest payment on your money. + +And of course, it goes without saying... the more tiny firms like Archegos that climb into bed with you, the better. They're on your team after all. The more new short positions that get opened up, the more the price of GameStop and other swapped positions declines. Which makes you more money on your own short position. And of course, as Firm B, you're not the only one doing this. You tell your friends at Firm C, D, E, and F about how easy it is, and how they can make more money, hand over fist, while helping you to push the price down... and remember, all the while making money off of "safe" interest payments. + +Buy. HODL. DRS. Less than 2 years remain. +Guten Tag to all of you Great Apes across the world! 👋🦍 + +What a day to HODL GME! German markets set up a nice $4 jump going into US pre-market! Of course, with the bullish news of another distribution center, the price of shares had a nice dip. Sentiment on r/Superstonk remains very high, as this wonderful community repelled FUD attacks over the long weekend and emerged more energized than ever. As we look forward to HODLing another day, let's see where the German markets lead! + +Today is 7/7, and you know what that means! Join apes around the world to watch low-frequency updates from a single German exchange! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: $199.69 / 168,26 € *(volume: 1388)* +- 🟥 115 minutes in: $199.68 / 168,25 € *(volume: 1357)* +- ⬜ 110 minutes in: $199.69 / 168,26 € *(volume: 1343)* +- 🟥 105 minutes in: $199.69 / 168,26 € *(volume: 1343)* +- 🟩 100 minutes in: $199.70 / 168,26 € *(volume: 1340)* +- 🟩 95 minutes in: $199.68 / 168,25 € *(volume: 1281)* +- 🟥 90 minutes in: $199.67 / 168,24 € *(volume: 1232)* +- 🟩 85 minutes in: $199.67 / 168,25 € *(volume: 1200)* +- 🟩 80 minutes in: $199.67 / 168,24 € *(volume: 1195)* +- 🟥 75 minutes in: $199.67 / 168,24 € *(volume: 1193)* +- 🟥 70 minutes in: $199.74 / 168,30 € *(volume: 1112)* +- 🟩 65 minutes in: $200.14 / 168,64 € *(volume: 371)* +- 🟩 60 minutes in: $200.01 / 168,53 € *(volume: 316)* +- ⬜ 55 minutes in: $200.00 / 168,52 € *(volume: 314)* +- 🟩 50 minutes in: $200.00 / 168,52 € *(volume: 314)* +- ⬜ 45 minutes in: $200.00 / 168,52 € *(volume: 313)* +- 🟩 40 minutes in: $200.00 / 168,52 € *(volume: 313)* +- 🟩 35 minutes in: $200.00 / 168,52 € *(volume: 312)* +- ⬜ 30 minutes in: $199.99 / 168,52 € *(volume: 309)* +- 🟩 25 minutes in: $199.99 / 168,52 € *(volume: 309)* +- ⬜ 20 minutes in: $199.76 / 168,32 € *(volume: 204)* +- 🟩 15 minutes in: $199.76 / 168,32 € *(volume: 204)* +- ⬜ 10 minutes in: $199.46 / 168,07 € *(volume: 137)* +- 🟥 5 minutes in: $199.46 / 168,07 € *(volume: 137)* +- 🟥 US close price: $199.56 / 168,15 € *($199.61 / 168,19 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from a single German exchange and converting to USD. Today's euro -> USD conversion ratio is 1.18679994. There are sometimes tiny differences in price that are below the rounding error, which can lead to colorful boxes without obvious price change. I wrote a C# application that assists me in fetching this data and updating the post. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over a week ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Nothing makes sense. Nobody has any explanation. Everyone is guessing. Everyone is pretending to know wth they're talking about. P/E this P/E that pffftt yeah right. Buffet this Buffet that get outa here with that bs. + +When are we going to stop lying to ourselves and admit we're gambling on some level or another? Obviously if you just boomer-style it into VOO, Apple, Microsoft or any of those large cap companies then you'll be fine but that doesn't mean you know shyt either. +I want to make this post a meaningful discussion about American taxes that has three goals: + +* **Helping those of us with significant crypto holdings become informed on how to proceed with 2017 taxes** +* **Strengthen our position as legitimate law-abiding citizens** +* **Not holding anyone legally responsible for "legal advice" who contributes to this discussion thread** (this is about getting our bearings) + +If you are like me you found 2017 to be a very good year for you. I'm not talking to the people who got in on this in early December and made $1,000. I'm talking to those of us who saw our modest yet respectable holding of bitcoins grow to jaw-dropping prices and then continued to diversify our digital portfolio to the point that we may now be holding dozens of currencies traded at various times on a variety of exchanges. + +What we are doing is legal and has been legal for years. I am one of those [alleged 802 people who pays their taxes on Coinbase](http://fortune.com/2017/03/19/irs-bitcoin-lawsuit/). And let me tell you, the professional accounting firm I use to pay my taxes charged me a pretty penny for basically knowing the one thing everyone does know about cryptocurrency - that [you have to pay long-term capital gains tax on cryptocurrencies you've held for over a year and sold for American dollars](https://bitcoin.tax/blog/bitcoin-taxes-common-questions/). So that's what I've been doing and I've been doing that with each bitcoin being considered at 100% profit because I bought all my bitcoins from Mt. Gox! Maybe you've never payed taxes on all the bitcoin you sold but let's face it - in 2017 you better pay your taxes and you better know what you're talking about and doing. A lot of us have found ourselves with serious money that we did not have until 2017. + +The real problem comes from the variety of exchanges we've joined and the amount of trading of currencies on these exchanges. Many of these exchanges are also not illegal to use. While Bitcoin has been on the IRS radar for a while these exchanges specialize in something that has never been truly significant enough to get the IRS's full attention until 2017. But this problem is multi-faceted: + +* **In 2017, was exchanging one crypto for another crypto considered a taxable event?** - [The fact is there isn't a clear answer on this](https://www.forbes.com/sites/robertwood/2017/12/28/loophole-allows-tax-free-bitcoin-exchanges-into-2018/#4f50d7b312fa). With the IRS tying cryptocurrencies down as property (rather than currencies which- as I understand it- wouldn't be taxed) they allowed the loophole of the 1031 which allows swaps for like-kind properties. The IRS called cryptos properties, people are swapping cryptos with each other (literally) while small fees are charged for using the network or exchange, and thus - it could be argued that all exchanges *between* cryptos are NOT a taxable event. I personally like this idea but I clearly have a bias. There are many other people who claim that all cryptocurrency transactions between each other are taxable and this comes with its own bag of worms. And indeed, the rock-star new Republican tax code does mirror this sentiment by solely claiming 1031 use for Real Estate. So this leaves us with another question: + +* **What legal stance should we take when talking with our accountants/ doing our taxes?** The stunning impossibility of what is expected of us LEGAL citizens doing LEGAL trading in order to report on our taxes, if we do take the stance that all crypto transactions are taxable, is so highly complex that it's almost like the IRS is forcing all crypto-traders into an illegal space. In a sense they are trip-wiring the entire crypto market with expectations that are impossible to follow. We must have some legal rights here or at least legal stances that we can take when dealing with such a new fast paced market and such a slowly-responding vaguely-directed bureaucracy like the IRS. In [one of the better crypto tax threads on reddit](https://www.reddit.com/r/CryptoCurrency/comments/7m56g0/the_absolute_fucking_impossibility_of_reporting/) one person expressed with acute detail the amount of problems recording all of our transactions really are based on the current IRS expectations which are vague and the IRS is not giving a clear answer on whether cryptos are allowed to be considered exempted using 1031. Even if they were there still is expected a way to report everything. My accountant will want to do whatever is safest for them and likely the most expensive for me. How do I ensure a reasonable approach is taken by my tax professional that considers my needs and not just throwing as much money at the IRS as possible? I want to pay my taxes but I want tax laws to be fair on crypto, which leaves me to my next point: + +* **What is the best way to look at crypto from a tax point of view?** Currently cryptocurrency is a square peg in a round hole. The IRS, clearly unprepared (as we all were) for the massive attention and growth of cryptocurrency in 2017 was already stuffed into the the "property" hole despite being developed and created for *much more* than that. Cryptocurrency - whether you want to call it an asset or a currency - is already billions of dollars deep in projects that are meant to change the way entire systems operate *on a global scale*! This is a global thing taking place within different countries. We already pay capital gains taxes or income taxes when we exchange them into dollars which is a fair and easily reliable system to document - is it even right for the IRS to tax more? While there may be some in here who believe nobody should be paying taxes with cryptos I think that cryptos (like everything else) should have some taxable responsibility- but not so much that it becomes highly burdensome and a legal minefield allowing the IRS specter to be chasing you for alleged misdoings years down the line. And if crypto is as successful as its going to be there will likely be less of a reason to exchange into dollars anymore thus losing the leverage of the capital gains/income tax. And looking into the short term future decentralized exchanges are even going to be set up potentially removing the ability to track cryptos in any form whatever! What is the appropriate way to tax crypto basing it on the fact that it IS crypto and not necessarily merely "property" or "currency"? + +* **What level of responsibility do exchanges play in 2017 taxes?** Being a proud Coinbase tax payer I had the privilege of giving my tax accountant a printed out piece of paper with a terrible excel sheet on it that displayed my yearly bitcoin transactions and told them that this was the best document they were going to get. I haven't gotten the information from Coinbase this year yet, and hopefully they've improved the quality of the report but *at least there is one*. I just tried looking for how to get the information from Bittrex and while it may be available it wasn't easy to find with a google-search or on their website. **That** is a problem. This is an exchange that is legally allowed to operate in the United States. I could sign up to Bitcoin.tax to find out the information allegedly but I really should not have to sign up to anywhere to find out how to get my annual tax document from my exchange. And if they don't provide one then why is the United States legally allowing them to operate within their borders? If the IRS decides to take their records two years down the line like they did in 2017 with Coinbase and they come to us asking us why we didn't report something and it was because there was no easy/possible way to obtain the records from the users end, how can that be our fault? It would be great if there was a sticky-noted thread on ANY of these crypto boards on how to obtain a document of the year's transactions from every one of the exchanges out there because many of us need them. There is an expectation that we are supposed to calculate the amount gained from when we first purchased a currency to when we traded it for another currency. Aside from the fact that even if we are provided an annual report document it won't be in dollars - it will be in BTC or ETH or USDT or some other pairing at a specific time with a specific amount in those pairings on that specific exchange. The dollar correlation that's needed - if not provided - makes reporting crypto transactions nearly impossible. + +* **How are we supposed to accommodate for transactions to and from wallets?** Say we can do all of those things above but now we move it to a private wallet for safekeeping. From there we might send it to another wallet as it intermingles with other coins and from there they are traded on other exchanges. What is the dollar correlation there? What is the appropriate gains? Which exchange did you buy *that specific coin* from? This all matters for taxes but almost impossible to track between wallets and exchanges. If it can't be done, how can we be held accountable to do it? If we can't do it, then what legal ground do we have to say what is being expected is byzantine and unrealistic? Also, it's my understanding that we don't need to report coins in private wallets but that'll be nearly impossible not to do if we have to do all this tracking. + +* **Who specializes in cryptocurrency?** - Maybe we can't find all the answers here but some of you out there must be able to point us in the direction of someone that can give us answers. I'm not talking about the conservative tax lawyer that's going to make sure you pay every last dime in a way that would make the IRS want them to be the new head of the department - and I'm not talking about the shady guy who promises that you can get out of paying a dime. I'm talking professionals that aren't just going to be pushed over and know their stuff on this topic. I will gladly pay for this legal muscle to ensure I am legally participating in our society through crypto transactions while not just trying to tax me every time I click the mouse. + +Some people say just to ignore all of this tax mess because the IRS is likely to change their stance 10 more times. But I don't want to ignore it because cryptocurrency is already seen as a shady business. And it's not - it's a globally disruptive technology that provides benefits many centralized systems can't and it's the reason why it's busting through the $700 billion market cap at the beginning of 2018. Please, let's organize and approach our taxes honestly and in an informed fashion this year. The fact is many of us in the crypto community visit crypto subreddits and together - with a similar mentality, attitude, drive, and direction- we can influence the crypto policy to be fair to both the country and the crypto-trader. + + + +Apes you glorious bastards, I've been zen for a long time now and haven't made any posts in a while but I need to share this. We have recently seen the surge in SI% of XRT with it spiking to 715.48% on 3.1m shares and now today it's 357.74% on 6.2m shares, guess what they both equal 22,179,880 shares. + + +What I don't know is how much of that is GME and I was trying to see if I could work that out when I stumbled across this. + +&#x200B; + +https://preview.redd.it/b74q24prgwd81.png?width=1086&format=png&auto=webp&s=f704d61d57289c329a4f223a4b8a7b780d7baaeb + +What in the absolute fuck is this! + +&#x200B; + +XRT PUTS FOR MARCH 18TH + +&#x200B; + +https://preview.redd.it/ggl8be92iwd81.png?width=909&format=png&auto=webp&s=29c06b545a9e0d84661b9271abdfa55237a140a6 + +&#x200B; + +https://preview.redd.it/oxk3vx9biwd81.png?width=869&format=png&auto=webp&s=df613bb46ed4e21306f5c69b19d39898b2a4f806 + +&#x200B; + +https://preview.redd.it/2ql9gk5fiwd81.png?width=879&format=png&auto=webp&s=7202420d36b979d7d84fa7da39ae8a98fcb170e7 + +Take a look at the PUT option for 115 for 8k because here is the call option for the exact same date. + +&#x200B; + +[also wtf happened at 102 to get 1,150&#37; ???](https://preview.redd.it/sq0y2btmiwd81.png?width=880&format=png&auto=webp&s=355ad30e4e2836c7c81e800f672453411484a532) + +If I can find this by accident what in the blue fuck is the SEC doing to protect investors against this shit. + + +EDIT - Removed the 34 days thing as in my hype I confused the c35 with t35. March 18th isn't a MOASS date this is just a date I found a metric ton of suspicious calls/puts on an ETF that contains GME and is publicly and ridiculously short on GME! Hype all the days! + + +GET SOME EXTRA WRINKLES IN HERE I NEED TO SELL MY NEIGHBOUR, HIS HOUSE, HIS WIFE, HIS CAR AND ANYTHING ELSE I CAN FIND TO BUY THIS GOD DAMN DIP!!!!!!!! +Today is the first time I feel bearish about AAPL. It's a money making machine but stock goes higher because of future earning / innovation potential and not because of how successful the company in the past. The headwinds include: epic trial, chip shortage leading to reduced iPad shipment and reduced future revenue, and possibly reduced iPhone 13 shipment due to no breaking changes. + +In addition to all these, already highest market cap in the market and inflation fear looming the tech sector. Since AAPL is such a big part of many indexes, the downward of indexes will affect AAPL a lot. Also, three top car division executives just left AAPL and it does not seem AAPL has made much progress in the car business which could be next big growth area for AAPL. + +Among a dozen of professional analysts, only 2 are bearish and last week New Street’s Pierre Ferragu gave a $90 price target EOY. No major banks have downgraded their outlook for AAPL and the consensus median is $160, average is $157.10, high is $185. + +What do you think about AAPL? + +Update: glad I did not open short position yesterday lol +We're in our forties, $1.1M saved, targeting about $2.5M to retire. If we make no change we can save and invest about $100K each year. If she retires now, it would be more like $50K. Assuming 6% return, we would reach the goal in 2026 or 2029 respectively. I like my job quite a bit, she does not like hers. + +**Retirement Pros:** +* About 6 fewer years worked for her, 3 fewer years combined, and all the freedom that comes with that +* Less stress (her job is annoying with a long commute and cruddy boss) +* Better fitness as she has a hard time exercising as much as she'd like with current schedule/responsibilities +* I have somewhat flexible work hours and tons of unused vacation so we could sometimes enjoy things together during the work day +* She can help me tackle the stuff on our to-do list that would help out family but is hard to find time for now, for example selling some of our stuff that is cluttering up the house, cooking new recipes, or working with the kids on a chore schedule + +**Cons:** +* I will need to work about 3 extra years +* If something bad happens like an illness or a layoff, we have less safety net. I was laid off two years ago and was fortunate to find another role in the same organization before I was unemployed, but the thought is still looming +* Her not working could change our relationship dynamics for the worse. For example, she may have lower self worth because she's not contributing financially. Or, she might find the family work to be unrewarding and/or more annoying than her current job. Or I might feel some resentment if I feel like she's not "pulling her weight". I don't expect any of those things to happen, but it's hard to know for sure until you're in it. + +We've talked about all of this some already, but I'd love to hear any other opinions on the situation, thanks. +I’m new to investing (7 months in) and I genuinely enjoy learning about industries I had zero previous knowledge of, then about the specific company, its goals, it’s managers, and how I think it will fit in to the future of the economic landscape with a 3-5 year timescale… + +BUT… I get overwhelmed by financial reports and struggle with the basics. I like listening to a well delivered quarterly, but then I find myself looking at other peoples analysis and I’d like to be able to do my own DD. + +How do you do it? Any handy tips for a fellow ADHDer with an adversity for numbers?! + +[FWIW I’m 100% in on £HE1. Inspired by ‘The Dhando Investor’ I can make this back in a year if I lose it all. Will diversify further come June when it will have HOPEFULLY 2.5x’d from where it is now] +There are some individuals, such as Ray Dalio, Howard Marks, Jeremy Grantham, and Mohnish Pabrai, that are frequently quoted and interviewed, both in main-stream and social media. + +Do you happen to know what the investing track record of these gentlemen is? How long have they outperformed the market for? Anyone knows? +There are some individuals, such as Ray Dalio, Howard Marks, Jeremy Grantham, and Mohnish Pabrai, that are frequently quoted and interviewed, both in main-stream and social media. + +Do you happen to know what the investing track record of these gentlemen is? How long have they outperformed the market for? Anyone knows? +# Summary + +* MWK is an e-commerce company that manufactures products based on demand. It measures this demand through its proprietary software: AIMEE +* Mohawk has exhibited unprecedented growth through its 44.78% YOY revenue growth in its Q3 income statement +* Margins are rapidly improving: An operating loss of more than $14 million in Q3 2019 has turned into an operating profit of $106 thousand in their latest quarterly report +* A high cash position should help Mohawk grow through acquisitions + +&#x200B; + +# Business Model + +MWK has developed a sophisticated software that analyses e-commerce trends and finds opportunities within the market. It then exploits these opportunities by manufacturing products to fulfill consumer demand. Currently, Mohawk's product portfolio consists almost exclusively of appliances, with minor exposure to cosmetics, PPE, and cookware. MWK also has a SaaS segment, which currently only represents a small portion of their revenue, but reflects massive potential. Mohawk is very concentrated in the North American market, with the region comprising 99.97% of revenues (figure for nine months ended September 30, 2020) + +&#x200B; + +# Industry Trends + +According to Grand View Research, the global e-commerce industry was valued at USD $9.09 trillion in 2019, and is expected to grow at a CAGR of 14.7% through 2027. This represents a future market size of USD $27.15 trillion in 8 years. Retail e-commerce sales in particular amounted to USD $3.54 trillion in 2019 according to Oberlo, and are expected to reach USD $6.54 trillion by 2022. This reflects a CAGR of 22.82%. + +Mohawk is well positioned to take advantage of this huge and growing total addressable market due to multiple reasons: + +* Only 22% of Amazon searches feature a brand name. This means that the vast majority of Amazon consumers are NOT looking for a product from a specific brand. This will help Mohawk's growth as its products do not carry popular brand names. +* Consumers continue to prefer ecommerce sites for their product needs rather than search engines. +* Mohawk is not heavily reliant on Amazon as it has a large number of brands sold on other websites. These sites include Walmart and Shopify. +* While others may be fixated on the growth rate difference between B2C and B2B, I believe that Mohawk plays both sides of the coin. They provide their software to other businesses (B2B), and these businesses use the software to target e-commerce consumers (B2C) + +&#x200B; + +# Aimee + +Aimee has three main functions: + +**Research:** + +Aimee analyses millions of data points to track market share and product trends. This allows Mohawk, and potentially third party manufacturers, to discover market opportunities for new and existing products. + +Aimee also uses natural language processing to understand customer reviews. The software can study search habits, browsing habits, and customer feedback to gain insight into potential manufacturing optimizations. + +Mohawk's software can also monitor the features and functionalities of top selling products in order to catch market trends earlier + +**Financials:** + +Aimee doubles as a data aggregator and live performance tracker. In this way, Mohawk has exposure to the fintech industry. The software also tracks inventory, sales, marketing, product pipelines, and fulfillment + +**Trading:** + +Aimee includes a built-in AI trading engine that automates trading strategies. It incorporates machine learning and, therefore, should be constantly improving. Mohawk is developing an SDK that will allow for full customization of how Aimee works. I believe that this will be a crucial selling point of their SaaS. + +Aimee can also follow up with customers post purchase, discuss issues with the product, offer refunds and returns, and handle warranties. Acting as a chatbot will allow Mohawk's software to harvest massive amounts of data, which will increase the efficiency of their business. + +&#x200B; + +Aimee's primary advantage is more efficient manufacturing and faster time-to-market. While most traditional companies spend a great deal of time in the idea generation stage of a product, Aimee automatically provides live data and important market opportunities, greatly reducing inefficiencies for e-commerce businesses. Aimee also dramatically cuts down marketing time, from the typical 3-month marketing cycle to a much more time efficient 1-60 minute cycle + +&#x200B; + +# Growth Potential and Profitability + +**Growth:** + +Revenue increased by 62.37% YOY in the nine months ending September 20, 2020. I forecast that revenues will continue growing at a rapid rate due to a few reasons: + +* The size and CAGR of their total addressable market (as discussed in "Industry Trends") +* The scalability of their core business, including possibly expanding to the Asian market - which is expected to experience the greatest growth in ecommerce sales in coming years. +* The vast potential of their SaaS segment + +**SaaS:** + +As of the three months ended September 30, 2020, SaaS represented only 0.6% of Mohawk's revenue. While this statistic could be looked at with a pessimistic lens, it reflects massive growth potential to me. The data that Aimee harvests and the services it provides is valuable to many businesses. + +* Aimee has a great track record with stellar product reviews (average review of 4.4 stars). 56% of shoppers read at least four reviews before purchasing a product, and less than 8% of shoppers avoid reading reviews. 94% of shoppers say that a negative review has made them avoid a business, and having just five reviews can increase customer conversion by 270%. +* In 2019, e-commerce sales accounted for over 14% of all retail sales worldwide, and this figure continues to grow. This growth will push more small businesses to start selling their products online. This same trend helped Shopify grow at an explosive pace, and I believe this will positively impact Mohawk as well. According to SurePayroll, 74% of small businesses in the U.S. do not have an e-commerce website. Aimee can fill this market need by helping businesses sell directly to websites such as Amazon and Shopify. + +SaaS as an industry is expected to grow at a CAGR of 11.7% through 2026, growing from USD $158.2 billion in 2020 to USD $307.3 billion in 2026. + +**Scalability:** + +Launches of new products grew by 129% YOY as of the nine months ended September 30, 2020. As mentioned above, Mohawk's SaaS can be scaled infinitely when small businesses are taken into account. In MWK's 2021 investor presentation, they state that their primary long term strategy is to have a large amount of small Amazon sellers, leading me to believe that they see the same potential in small businesses as I do. As for their core business, their advantageous cash position will allow them to incorporate more brands under their umbrella going into 2021. Their TAM for this strategy should be fairly high, as 60% sales on Amazon in 2019 can be attributed to third party sellers. This is in contrast to the 40% of sales that come from Amazon retail. + +**Profitability:** + +Looking at their latest quarterly report, Mohawk reported a net loss of USD $805 thousand compared to a loss of almost USD $15 million in Q3 2019. Their revenues increased 44.78% while their operating expenses **decreased** by 11.42% during the same period. + +This increased efficiency is not accidental: Mohawk's business model relies on revenue growth outpacing expense growth until they are profitable. + +[From Mohawk's Recent Investor Presentation](https://preview.redd.it/wlqceiqe8oi61.jpg?width=447&format=pjpg&auto=webp&s=b45a2673f4640fca970a4cdfec4f7594487d7b4c) + +Mohawk is targeting a model in which operating expenses will only comprise 5% of total revenues. They plan to keep headcount relatively fixed, and will avoid unnecessary expenditures. + +&#x200B; + +# Valuation + +Unlike other analysts who have covered this stock, I will not be using consensus estimates for my valuation. I calculated a WACC of approximately 6% and forecasted Mohawk's cash flows myself. I found that the business should be valued at USD $2.7 billion, compared to its current market capitalization of USD $1.18 billion. This translates to a price per share of USD $99.42. According to my valuation, MWK has an upside of 129%. + +[My Valuation](https://preview.redd.it/okxwlk2qioi61.jpg?width=729&format=pjpg&auto=webp&s=79c0b2210f552b90d25c1c9100f6f71624b532f6) + +# Inputs, Assumptions, and Risks + +I expect the e-commerce boom that has occurred because of the ongoing COVID-19 pandemic to continue into 2021. If consumers choose to shop more at brick and mortar retailers as the economy rebounds, this would impact my valuation dramatically. To be clear, I do not forecast that 2021 revenues will grow as much YOY as 2020 revenues did. + +For their PPE sales, I forecasted a sharp decline in demand going into 2022 and the rest of the forecasted period. If vaccine distribution is slow, PPE demand will likely remain high. This would affect my valuation significantly as PPE represents a non-negligible portion of their revenue. If PPE demand reaches close to zero by 2022, my valuation would be affected in the opposite direction, as I forecasted that there would still be small demand for PPE at that time. + +I used the aforementioned industry CAGR of 14.7%, adjusted for the relatively slower growth of B2C e-commerce, to guide my revenue estimates for the next five years. I did not make this adjustment for revenue contributed from "All Others". This is because it is not clear what is included in this section. Mohawk has historically achieved terrific growth here and I believe they will be able to outpace the broader B2C CAGR using Aimee. If they are not able to do this, my valuation will miss the mark. + +For their SaaS revenues, I expect 2021 growth to be stagnant. This is because there is no reason to believe that Mohawk will concentrate on their SaaS segment in the near term. Their core business is growing exponentially, and they are able to achieve at least part of their goal to accumulate small retailers through their current business model. However, I believe that in order for the company to grow at an attractive rate in the future, MWK will develop its SaaS segment. To forecast SaaS revenues, I used the median SaaS growth rate relative to Mohawk's prior year revenues. This started at a growth rate of 45% in 2022 and ended as a rate of 35% at the end of my forecast period (2025). If I were to forecast for one more year, this growth rate would increase to 40%. By 2025, I forecasted that SaaS would represent 1.4% of Mohawk's revenue, up from its current 0.6%. + +Expenses were forecasted with historical data and Mohawk's target business model in mind. I used historical data for COGS, and MWK's business model for operating expenses. As mentioned above, Mohawk seeks to keep operating expenses as low as possible by limiting headcount in the future. While R&D decreased YOY in FY2020, I do not believe that this trend will continue. If Mohawk deviates from their current business model, my forecasted margins may be too high. If R&D expenses continue in their downtrend or stabilize, my forecasted margins may be too low. + +The most controversial part of this valuation should be the exit multiple, which may be considered optimistic by some. I believe that a software company that has exposure to both e-commerce and SaaS, with increasing margins and 41% YOY EBITDA growth at the end of the forecasted period, justifies a high exit multiple. However, if my judgement is wrong, the valuation can be inaccurate. For reference, an exit multiple of 30 would result in a USD $76 share price. + +This is not a conservative valuation, but instead it is my take on the most realistic outcome. + +# Conclusion + +Mohawk Group Holdings (MWK) is a growing company in a growing industry with growing margins. I believe that they have tremendous growth potential, especially through small businesses and their SaaS model. I forecast that they will become net income positive in 2021, and keep their operating expenses low for the foreseeable future. This stock is definitely one to watch for anyone looking for exposure to the e-commerce, SaaS, home appliance, and fintech industries. +I think it is a good practice to keep a "wishlist" of great companies that are currently overvalued. + +I am not asking "what companies are overpriced", because then there are at least 1000 possible answers, but I am asking "what are the strongest quality companies (moat+margins+solid financials+solid outlook) that you would jump on first **if** prices came down." + +*Who knows, all of a sudden you might find some of these companies on sale in 2022.* + +Creating this wishlist is also a great way to control your temper and emotions when markets crash, you then have a plan of what to look to buy, that you have built slowly over time and thought through. So you can "think slowly" about building your wishlist, and then can "think fast" in crashes to look to buy some of these companies if prices come down. + +I'll start: + +**~~Google~~**~~: 15% over-valued~~ (at fair value) + +**S&P Global:** ~~25%~~ 7% over-valued + +**Taiwan Semi** : 25% over-valued + +**Adobe**: 50% over-valued + +**Nike**: ~~30%~~ (25%)over-valued + +**Microsoft**: 50% over-valued + +**Applied Materials** : ~~40%~~ (23%) over-valued + +**KLA corp** : ~~30%~~(9%) over-valued + +edit: found a small error in the calculation, updated the numbers + +&#x200B; + +of course, what the fair price/value of these companies should be is highly subjective. The percentages are based on my stock valuation [model](https://www.reddit.com/r/ValueInvesting/comments/s4lk08/i_want_to_share_my_personal_stockvaluation_model/), which is solve for earnings growth, and then compared to the earnings growth I get from looking at \[long-term growth in total assets\] x \[ long-term ROA\]. That means that if you believe any of these companies are going to start growing quicker in the future than they have in the past, my valuations will be off. + +*(I realize that the stocks of these companies may in fact never come down to what I would consider "fair" prices.)* +# Ken Griffin - Citadel. What a guy he is. Where are you, Ken? Where the hell is he? He's trying to hide some of his money. + +\- Donald T., January 15th 2020 + +&#x200B; + +# TL;DR + +* Ken Griffin already has hidden his money, we know he has offshore accounts. Why would he be speaking with Donald T. about hiding assets? +* The direct context of the quote is all good news for Citadel's operations in China, so why was Ken absent from the ceremony and why did Donald T. not praise him (but praised everyone else)? +* I spectulate Donald T. was actually talking about Griffin wanting to hide his *trades* +* Circumstantial evidence for this is that 1 day before this quote, sweeping changes to the National Market System finally hit the Federal register. These changes as I have \[somewhat poorly\] analyzed before will make market-making and PFOF a lot less profitable for Citadel (and Virtu and other market makers), and also tidy up some loopholes likely being abused by Citadel. + +&#x200B; + +# Preface + +This DD is about what many apes thought was a throwaway line, and so did I until recently. But I have been thinking about it lately, and the more I investigated the context, the more I came to suspect it was actually a rare, blurry glimpse into the underbelly of interactions between Wall street and US politics. + +I was actually writing another DD before I came to write this, but it started to become too large of a topic, so I thought I better break off this 'sub-investigation' into its own contained unit, as it's neatly separable, and was only ever circumstantial evidence anyway. + +**I have deliberarely kept this post non-political, and expect all comments to be non-political as well. It's a superstonk rule that all posts/comments be non-political** (Rule 5 -Improper Content). Here is a diagram of what we will be covering: + +&#x200B; + +https://preview.redd.it/6wuwyovr9k971.png?width=750&format=png&auto=webp&s=46aed8c3a0f4be3a5a7c1540e794d7196fb68caa + +&#x200B; + +# January 15th 2020 - Signing of Phase One of U.S. - China Trade Deal + +January 15th, a Wednesday marked a historic signing of Phase One of a U.S. - China trade deal. President Donald T. had made U.S. - China relations a central component of his policy as President for years before this, and so this agreement was a culmination of many years of work. Contrary to what was shown in the media, the agreement was not just about manufacturing, agriculture and intellectual property. The trade agreement has a whole chapter devoted to Financial Services - mostly with China agreeing to allow the US access to their markets. Some sources even claimed that financial services was the winner of the entire trade agreement. + +**On Monday the 20th January, only 5 days after this trade agreement was signed - Citadel Securities had agreed to pay a $97 Million Settlement to Chinese financial regulators, bringing a close to 5 years of active investigations and being partially banned from trading in China.** We will return to this event later on in the DD. For now, let's dive into the signing ceremony of the trade agreement. + +[Donald T. spoke for about an hour at the signing.](https://www.c-span.org/video/?468176-1/us-china-trade-deal) The first 27 minutes were overall remarks about the trade situation, and a lot of thanking personal friends and other political allies (I have pulled out relevent people's quotes): + +&#x200B; + +>Donald T.: [Hank Greenberg](https://en.wikipedia.org/wiki/Maurice_R._Greenberg) is here. Hank. If they took care of Hank, they wouldn't have had the problems that they had. Where's Hank? Hank Greenberg. (Applause.) Oh, Hank. If Hank stayed there like he should have, you wouldn't have had the problem that you ended up having with our economy. But it's great to have you, Hank. Thank you very much. + +After this time, Donald T. begins to speak to industry professionals and other government appointees. This carries on for 10 minutes, and plenty of financial industry professionals were greeted by name (the roll-call was in alphabetic order). I have pulled out all the ones I can recognize: + +&#x200B; + +>Donald T.: Ajay Banga, of Mastercard. Thank, Ajay. Fantastic job. + +&#x200B; + +>Donald T.: Brian Duperreault, of AIG. Do you know that company, Hank? AIG. Did you ever hear of AIG, Hank Greenberg? Thank you very much. I appreciate it, Brian. + +This is a joke. :) Hank Greenberg was the head of AIG. + +&#x200B; + +>Mary Erdoes, JPMorgan Chase. They just announced earnings, and they were incredible. Where - where are you? They were very substantial. Will you say, "Thank you, Mr. President" at least? Huh? (Laughter.) I made a lot of bankers look very good. But you're doing a great job. Say hello to Jamie \[Dimon\]. I think we're seeing him tomorrow. + +Then it was Ken's turn: + +&#x200B; + +>**Donald T.: Ken Griffin, Citadel. What a guy he is. Where are you, Ken? Where the hell is he? He's trying to hide some of his money. Look, he doesn't want to stand up. Where the hell is Ken? See, Steve, you'll stand, and he's very quiet about it. He's in here someplace; he just doesn't want to stand.** + +Notice how Donald T. doesn't praise Ken? I'm also not sure who Steve is in this context. + +&#x200B; + +>Donald T.: Al Kelly, Visa. Al Kelly. Al Kelly, thank you. + +&#x200B; + +>Donald T.: Alan MacDonald, Citibank. Citibank. (Applause.) Good. Boy, you brought that back so far. I remember seven, eight years ago. But Citibank is doing fantastically well. + +&#x200B; + +>Donald T.: Raymond McDaniel, Moody's. Good. Are you giving us good ratings, Raymond, please? Okay? We're doing pretty good, right? + +&#x200B; + +>Donald T.: Paul Taylor, of Fitch. That's another good ratings group. Are we doing okay at Fitch? Good. Otherwise, I wouldn't have introduced you, if I thought - (laughter). + +&#x200B; + +>Donald T.: Kevin Warsh. Kevin. Where's Kevin? I don't know, Kevin. I could have used you a little bit here. Why weren't you more forceful when you wanted that job? Why weren't you more forceful, Kevin? You're a forceful person. In fact, I thought you were too forceful, maybe, for the job. And I would have been very happy with you. +> +>But, Kevin, thank you for being here. You understand that very well, right? It bothers me when Germany and other countries are getting paid to borrow money. This is one - I don't know where that all leads, but we have to pay. We're the number one in the world, by far, and we have to pay for our money. Our interest rates are set high by the Fed. Our dollar is very high, and - relatively speaking. But when other countries get - literally, they're under. They have negative rates - meaning, they're under. They get paid. I love this. This concept is incredible. Again, you don't know where the hell it leads. But you borrow money, and when you have to pay it back, they pay you. This is one that I like very much. And I'm going to talk to you about that, Lou Dobbs. +> +>So we're set at two. Tell me, why are we paying and other countries are getting money when they get paid back? I really want to know: Who are the people that buy this stuff? Who puts money into something when they say, "This is a guaranteed loss"? But that's a whole different group of people than I know. + +&#x200B; + +Quite a story there for Kevin Warsh! \[[During and in the aftermath of the 2008 financial crisis, Warsh was a governor of the Federal Reserve System, and acted as the central bank's primary liaison to Wall Street](https://en.wikipedia.org/wiki/Kevin_Warsh)\] + +&#x200B; + +>Donald T.: Glenn Youngkin, of Carlyle. [Carlyle Group](https://en.wikipedia.org/wiki/The_Carlyle_Group). Great group. + +&#x200B; + +Also present at the signing was [Kenneth Bentsen](http://engagechina.com/kenneth-bentsen/) \- the chairman of the [Engage China Coalition](http://engagechina.com/2020/02/engage-china-coalition-regarding-china-phase-one-trade-agreement-and-financial-services/). That's a group of financial industry heavyweights who've been trying for years to pry open the door to the Chinese market. Up until now, they haven't had much luck. Even though China's the world's second-largest economy, Bentsen says U.S. financial firms make only about $2 billion a year there, less than a third what they make in Brazil and about 1.5% of what they make in Europe. + +**The Engage China Coalition:** + +American Bankers Association + +American Council of Life Insurers + +American Property Casualty Insurance Association + +BAFT (Bankers Association for Finance and Trade) + +The Council of Insurance Agents and Brokers + +The Financial Services Forum + +The Futures Industry Association + +Insured Retirement Institute + +Investment Company Institute + +Securities Industry and Financial Markets Association + +&#x200B; + +# The Trade Agreement Itself - Chapter 4 Financial Services + +[Some analysts have said that financial services was the clear winner of the trade agreement](https://www.npr.org/2020/01/16/797098404/u-s-financial-services-industry-emerges-as-%20%20a-winner-of-u-s-china-trade-deal). And I can see why given the changes actually demanded. [Here is the full text](https://ustr.gov/sites/default/files/files/agreements/phase%20one%20%20%20agreement/Economic_And_Trade_Agreement_Between_The_United_States_And_China_Text.pdf) of chapter 4 itself + +&#x200B; + +https://preview.redd.it/pz05dj1u9k971.png?width=715&format=png&auto=webp&s=9965c53828504ffcc532bd7d8800925556a05b4d + +&#x200B; + +https://preview.redd.it/ey9wktwu9k971.png?width=748&format=png&auto=webp&s=64c57ec6b96fe86310386e76b557def488e725d9 + +&#x200B; + +https://preview.redd.it/oefqlxov9k971.png?width=743&format=png&auto=webp&s=e0fdc79710fe2a1acd261678ab0a98d9398690cd + +&#x200B; + +https://preview.redd.it/g35i3rhw9k971.png?width=738&format=png&auto=webp&s=b47c34aaffdd868e500a9c2366eccedd510718a0 + +The agreement itself allows major US expansion into the Chinese markets, and overall - it seems like a clear win for the US. + +&#x200B; + +# Trade Agreement Summary + +So looking back at all the finance professionals Donald T. spoke to, did you notice anything strange? Ken was the only finance-related attendee Donald T. didn't praise. In fact it looks like out of everyone spoken about, Ken was the only one not being praised. This is unusual for Donald T., because he usually praises everyone, a lot. Unless he does not like someone. + +So why did Ken Griffin not turn up, when all the other financial industry professionals did? Did he know that Donald T. was going to say something provocative, or was it something else? + +If the Engage China Coalition and other finance folks were so pleased with the trade agreement, how could Ken Griffin be upset about it? This trade agreement is supposed to be good for the US financial industry access to Chinese markets... + +And why did Citadel Securities pay their $97 Million fine only 3 business days later after this trade agreement? They've been locked out of China for almost 5 years - surely they would've done it sooner if they could? Or if the trade agreement was necessary for Citadel to regain access, why didn't Ken turn up to say thanks? + +However before we dig deeper into this trade agreement, Citadel's fine and the Donald T. / Griffin relationship we need to go all the way back to the beginning of this story. + +&#x200B; + +# Citadel Securities in China + +Under previous Chinese laws - foreign companies had to partner with local companies to operate in China. Citadel Securities opened Citadel Shanghai Trading Ltd in 2010, and parterned with Guosen Securities who managed their trading account. + +[In June 2015, the Chinese stock markets were devastated with a large crash](https://en.wikipedia.org/wiki/2015%E2%80%932016_Chinese_stock_market_turbulence), wiping nearly $5 Trillion of value out at the bottom. By July, the Shanghai stock market was down 30%, and more than half of listed companies had filed for trading halts in an attempt to prevent further losses. By August 2015, stock prices had dropped a total of 43 percent. + +Chinese regulators began to crack down on abusive market practices, and Citadel was the first to be caught. Starting at the beginning 2015, Citadel is accused of using deceptive and illegal trading practices in order to manipulate stock prices. Citadel was accused variously of "co-ordinated stock dumping", "selling-off of heavily weighted stocks", automated, algorithm-driven trading, spoofing, and of course - "malicious short-selling". Their account held by Guosen was banned. + +["The regulator alleged that Citadel Securities controlled and used accounts set up by four other firms to trade stocks during the first seven months of 2015 and said such behaviors were suspected of violating account and asset management rules without providing further details."](https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314) + +["Chinese regulator, however, didn’t ban the practice \[short selling\] entirely, but after the scrutiny, investors can’t sell and then buy shares back the same day. Instead, they must now wait after completion of a short sale transaction until at least the next day to repurchase."](https://www.financemagnates.com/institutional-forex/regulation/citadel-securities-fined-97m-in-china-for-malicious-short-selling/) + +This restriction (if true, I can't read Chinese) implies that shares were being traded back and forth between the same parties multiple times a day. This is textbook [wash trading](https://www.investopedia.com/terms/w/washtrading.asp), which rose to prominence in 2013 in Western markets. + +["The tiff doesn’t end there for Citadel. George Chen, managing editor of the international edition for the South China Morning Post, tweeted that a government-backed publication called ThePaper.cn was implying that Citadel advisor and former Federal Reserve Chairman Ben Bernanke somehow knew that the high-frequency trading firm was shorting the market."](https://www.nexchangenow.com/news/11995/in-hunt-for-short-sellers-china-suspends-citadel-unit-from-trading-and-hints-advisor-bernanke-may-know-about-shorts/) + +Goldman Sachs was also caught in this crackdown, and they were also banned from trading. Local Chinese firms were also caught as well, but generally emerged largely with miniscule fines and slaps on the wrist. + +April 24th, 2019 it was announced Goldman Sachs had been cleared by the China Securities Regulatory Commission \[CSRC\], with a fine of $22.93 Million. In late 2019 the CSRC began to reconcile with Citadel, and only on January 20th 2020 (after the signing of the Trade agreement) - was it announced Citadel had settled for $97 Million. According to a somewhat opaque statement released by the CSRC on January 20, the settlement for Citadel Securities was “based on differing circumstances, such as the amount of money made through the suspected illegal acts,” + +In summary for this section, Citadel was caught in China performing many of their tricks, and based on the timing - it seems likely they were unbanned only with US government intervention in late 2019 / early 2020, around the time of the U.S. - China Trade Agreement Phase One. So if Citadel was unbanned from their planned expansion in China, why did Ken snub Donald T., and why did Donald T. not praise Ken? It's time to take a look at the Ken Griffin & Donald T. relationship. + +&#x200B; + +# Ken Griffin & Donald T.'s Relationship + +It's difficult to find much on their relationship, and I've pieced together what I can from a few events. + +Ken Griffin donated $1.55M in 2012 to Romney's campaign. (link redacted due to automod keyword ban) + +[In 2016 - he donated $2.6M to Rubio, rather than Donald T.](https://www.rollingstone.com/politics/politics-news/meet-the-gop-mega-donors-of-the-2016-election-223992/) + +Griffin did give $100,000 to Donald T.'s 2017 inauguration though - a relatively low amount. (link redacted due to automod keyword ban) + +[Ken Griffin was hosted at a private donor's dinner later (probably in 2017) by Pence](https://thehill.com/homenews/administration/341196-pence-holding-private-donor-dinners-at-vice-presidents-residence) + +&#x200B; + +In 2018, Ken Griffin began to speak out against Donald T.'s policies, notably criticizing Donald T.'s criticism of J-Pow & Fed policies , and also criticizing the tariff war escalation with China. + +[In this interview on Delivering Alpha](https://www.youtube.com/watch?v=KIIFm2kmif0), Ken is asked what are his thoughts on the Administration's trade policies with China. Ken pauses briefly, shifts his gaze downwards, and then using a hand gesture, a gulp, begins to try and explain using his nicest words, how Donald T. is doing a great job with the trade war "Donald T. unquestionably has the right mission on trade", but that Ken doesn't really understand how the negotiations are going, and suspects they are very complicated. He makes a comment about how he would never have so many active 'fronts' open, and would close some of them. When asked directly, he refuses to comment on whether he thinks Donald T. is doing a good job. It seems relatively clear to me that he's having difficulty delivering his words with convicition. Then for his final words Ken regains his speaking conviction, and clearly tears down the idea that tariffs are good. + +In 2016, Ken Griffin made a total political donations of only $11.2 Million (to Republican-allied super PACs). In 2018, it was $19.2 Million. + +**In 2020, Ken Griffin donated a whopping $66 Million to Republican-allied super PACs!** [In fact, Ken Griffin came in at number 4 on the individual donors list for the 2020 election cycle.](https://www.opensecrets.org/outsidespending/summ.php?cycle=2020&disp=D&type=V&superonly=N) + +Also in March 2020, Ken Griffin advised President Donald T. on how to open up the economy after Covid, along with other finance professionals (e.g. Steve Cohen). + +In summary for this section, I don't think Donald T. & Griffin saw eye to eye on many issues, or even had a friendly relationship. However it's very clear, especially towards the end of 2020, they had a working relationship, and that Ken Griffin bet very heavily on a 2nd Donald T. term - which we can assume would be greatly beneficial for Citadel. + +I didn't get time to look into Jay Clayton (Donald T.'s SEC chairman appointee), and who Clayton's changes at the SEC benefitted - but suspect this would be a fruitful thing to investigate. + +&#x200B; + +# Bringing It All Together + +So I hope I have covered somewhat the Citadel, China & Donald T. triangle. In the first section, we saw that it was unusual how Donald T. addressed Griffin versus other attendees, and that Griffin had a lot to gain from this trade deal. + +In the second section, we learned about Citadel's ban from trading in China, and how their unbanning seemed to also follow the trade deal - even more reason for Griffin to be pleased, and more curious that he didn't appear. + +In the third section, we learned a bit about Ken Griffin's and Donald T.'s relationship, and how even though they were not close friends, they had developed a significant working relationship and Griffin *heavily* bet on Donald T. winning the 2020 election. + +**In short - what I have uncovered is mostly that Ken Griffin had a lot to gain from Donald T.'s China trade deal, and I can't make any sense of why he snubbed the signing ceremony, or wasn't praised by Donald T. That's it - that's my point.** + +&#x200B; + +# Speculation Section + +So what else could make sense then? **Well what if when Donald T. mentioned that Ken wants to hide his money, he wasn't talking about money. Ken wanted to hide his trades.** + +Well looky here what dropped onto the Federal register on the Tuesday before the signing ceremony (one day before). Sweeping changes to the National Market System (Reg NMS II) that make market-making less profitable for entities such as Citadel and Virtu, and also make PFOF more difficult. + +[https://www.federalregister.gov/documents/2020/01/14/2020-00358/joint-industry-plan-notice-of-filing-of-the-forty-seventh-amendment-to-the-joint-self-regulatory](https://www.federalregister.gov/documents/2020/01/14/2020-00358/joint-industry-plan-notice-of-filing-of-the-forty-seventh-amendment-to-the-joint-self-regulatory) + +[https://www.federalregister.gov/documents/2020/01/14/2020-00359/consolidated-tape-association-notice-of-filing-of-the-thirty-third-substantive-amendment-to-the](https://www.federalregister.gov/documents/2020/01/14/2020-00359/consolidated-tape-association-notice-of-filing-of-the-thirty-third-substantive-amendment-to-the) + +[https://www.federalregister.gov/documents/2020/01/14/2020-00363/consolidated-tape-association-notice-of-filing-of-the-thirtieth-substantive-amendment-to-the-second](https://www.federalregister.gov/documents/2020/01/14/2020-00363/consolidated-tape-association-notice-of-filing-of-the-thirtieth-substantive-amendment-to-the-second) + +[https://www.federalregister.gov/documents/2020/01/14/2020-00357/joint-industry-plan-notice-of-filing-of-the-forty-fourth-amendment-to-the-joint-self-regulatory](https://www.federalregister.gov/documents/2020/01/14/2020-00357/joint-industry-plan-notice-of-filing-of-the-forty-fourth-amendment-to-the-joint-self-regulatory) + +[https://www.federalregister.gov/documents/2020/01/14/2020-00360/notice-of-proposed-order-directing-the-exchanges-and-the-financial-industry-regulatory-authority-to](https://www.federalregister.gov/documents/2020/01/14/2020-00360/notice-of-proposed-order-directing-the-exchanges-and-the-financial-industry-regulatory-authority-to) + +&#x200B; + +Odd lots are a very important part of these change proposals, and here I link the submissions that Citadel (and by contrast, Blackrock) made on them. I believe Odd lots to be an integral part of how Citadel hides trades, and will be writing more about them in a further DD. + +[https://www.theice.com/publicdocs/SIP\_Comment\_Citadel\_redacted.pdf](https://www.theice.com/publicdocs/SIP_Comment_Citadel_redacted.pdf) + +<- Citadel commenting on Odd lot NMS proposal + +[https://www.theice.com/publicdocs/BlackRock\_Odd\_Lot\_Proposal\_December\_3\_2019.pdf](https://www.theice.com/publicdocs/BlackRock_Odd_Lot_Proposal_December_3_2019.pdf) + +<- Blackrock comments on Odd lots NMS proposal + +&#x200B; + +I have briefly covered these changes before in this [DD](https://www.reddit.com/r/Superstonk/comments/n90gg4/sec_release_3490610_aka_nms20_effective_june_8/), but basically the NMS II from what I can tell - contains multiple changes that would hurt Citadel's business model. What I'm suggesting is that Ken Griffin was annoyed with Donald T. that Jay Clayton & the SEC was making changes beneficial to other market participants, to Citadel's detriment. This DD is all circumstantial evidence, as I realized it was becoming too large to attach to the main DD, which will be focused more on mechanisms rather than trying to discover motivations & allegiances from public information. + +**To be continued.** + +# Miscellaneous references + +[https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P](https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P) + +[https://www.reuters.com/article/us-hedgefunds-deliveringalpha-citadel-idUSKBN1K8252](https://www.reuters.com/article/us-hedgefunds-deliveringalpha-citadel-idUSKBN1K8252) + +[https://www.pressreader.com/china/global-times/20170526/282119226489179](https://www.pressreader.com/china/global-times/20170526/282119226489179) + +[https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P](https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P) + +[https://asia.nikkei.com/Business/Markets/Stocks/Stock-falls-after-admission-of-probe](https://asia.nikkei.com/Business/Markets/Stocks/Stock-falls-after-admission-of-probe) + +[https://www.reuters.com/article/china-guosen-president-idUSL3N12N3QF20151023](https://www.reuters.com/article/china-guosen-president-idUSL3N12N3QF20151023) + +[https://www.scmp.com/business/markets/article/1846104/us-hedge-fund-citadel-banned-share-trading-shanghai-account](https://www.scmp.com/business/markets/article/1846104/us-hedge-fund-citadel-banned-share-trading-shanghai-account) + +[https://supchina.com/2020/02/04/was-chinas-97-million-fine-for-u-s-hedge-fund-citadel-politically-motivated/](https://supchina.com/2020/02/04/was-chinas-97-million-fine-for-u-s-hedge-fund-citadel-politically-motivated/) + +[https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314](https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314) +> It is, without exaggeration, one of the dumbest things I’ve ever read. And I read Zero Hedge. + +And that was from Paul Krugman's latest Op-Ed. [Source](http://krugman.blogs.nytimes.com/2015/03/07/here-come-the-employment-truthers/). + +This is not the first time I've gotten this impression maybe it was from another economist or someone prominent in the economics/finance field and maybe even perhaps here on reddit. But why isn't Zerohedge well-liked or even liked at all? + +I am just merely curious. + + +Edit: Thanks for all the replies! This is becoming very educational. You guys rock! + +Leaving out major events like COVID-19, it seems like at least twice a month on average there are rumors or stories circulating about the overall market. + +Either there is a fear of a bubble, there's a fear of a correction, there are sell offs, now everyone is worried about bond yields. The market dips 1 percent and everyone starts worrying about a collapse. Then people worry about oil prices. Politics also come into play. + +Is it just my perception, or does the fear of the problems cause more movement than the actual problems? +Further to my post yesterday [https://www.reddit.com/r/options/comments/fx6pxg/prep\_the\_puts\_largest\_ever\_point\_stocks\_drop\_is/](https://www.reddit.com/r/options/comments/fx6pxg/prep_the_puts_largest_ever_point_stocks_drop_is/) + +The move up has continued to be relentless and moved into 24,000 now (25,000 was my high sell point). Everything continues to be consistent with a bull trap. Most people are confused, and those who sold the bearish breakout are starting to wonder why the market does not drop. 2 +2 = Fish. Exactly as it should be at this point. + +&#x200B; + +I am now starting to take up OTM positions on S&P and Dow. Here is my book of positions. Everything running red is new (obviously the profitable ones were taken from the highs). + +&#x200B; + +https://preview.redd.it/54wi43jl0tr41.png?width=1105&format=png&auto=webp&s=48c6a2ae4ae0816edcc38897952efcc4e0a9d343 + +(Edit: I bought S&P call s when I meant to sell them. School boy error. I closed the Dec calls and sold calls for 290 - 300 Dec) + +I might look into daily and weekly expires as we get deep into the upper end of my reversal level. Here shorter term more aggressive options are more viable. + +My entry is 2800 S&P (280 SPY) and 23,990 Dow (293 DJX). + +&#x200B; + +Update: Scaling up. I think the drop could be imminent. Adding weeky SPY OTM 270 at 280. + +https://preview.redd.it/f1t89ifsgtr41.png?width=875&format=png&auto=webp&s=657a9ac9ea4d1d47b2175449ffdf66e82eb2e2e6 + +&#x200B; + +Update: And now the dailies. SPY 280, OTM 275. + +https://preview.redd.it/u7m297v9xtr41.png?width=678&format=png&auto=webp&s=d85cc717bdc391dd787c8cf4a356ebe04a54b0f4 +https://www.cnbc.com/2019/02/19/walmart-reports-earnings-q4-fiscal-2019.html + +Walmart's earnings and sales for the fourth quarter of fiscal 2019 top analysts' estimates. + +E-commerce sales were up 43 percent during the quarter. + +The retailer maintains its sales outlook for the current year. +That time of year again and cannot see a thread on this. What are your goals for 2022? + +Mine are to continue building my pension, maximise my S&S ISA, working hard for a promotion to finally reach £40k (hopefully a bit more with the bonus). +Most of these were made in the live budget thread that ran on Feb 1. ([https://www.reddit.com/r/IndiaInvestments/comments/l9uujh/union\_budget\_2021\_live\_discussion\_megathread/](https://www.reddit.com/r/IndiaInvestments/comments/l9uujh/union_budget_2021_live_discussion_megathread/)) + + I am putting a summary of items that may be relevant to this sub. + +# Some fine print stuff... + +You can also look at recent articles in freefincal and basunivesh - they look to give accurate analysis of the the various provisions. + +&#x200B; + +1. Big blow to high premium ULIPs... " (ii)insert fourth proviso to clause (10D)of section 10 of the Act to provide that the exemption under this clause shall not apply with respect to anyULIP issued on or after the 1stFebruary, 2021, if the amount of premium payable for any of the previous year during the term of the policy exceeds twolakh and fifty thousand rupees. " + +In effect, from Apr 1, ULIPs with premium more than 2.5 lac per year won't come under 10(10)D and hence the receipts would be subject to taxes. + +2. 20% limit for home 'discounts' - Currently, you get penalizes if the registered value of the property is lower than 90% of the circle rate. This has now changed to 80% of the circle rate. Real estate companies gave this as a reason for not reducing the prices and they would have one less excuse. + +3. Ouch for high PF contributions - Effective FY 21-22, if your PF contribution is more than 2.5 lac per year, the interest for the extra amount won't be tax exempt. (Opinion: it could still be beneficial as 8-plus percent interest is good even if it is taxable.) This does not affect PPF. The employer contribution had a 7.5 lac limit from last year anyway. (See page 79 of the memo.) + +4. There is an Agricultural Infrastructure and Development Cess on lots of imports, including gold and silver and many agricultural products. Gold and Silver would effectively have 10% duty. (Many articles put this as 7.5% but they have missed the next point.) + +5. **There is AIDC on excise duty for pertrol and diesel. However, the other duties have been reduced - so in effect, there should be no price change due to this. (See page 89 of the memo)** + +6. There are duty hikes on many products; the context has been to promote local manufacturing. + +7, Many NRIs have been interested in the reference to retirement accounts. The full change is yet to come and only the intention has been announce. GA have suggested wait-and-watch - [https://www.reddit.com/r/IndiaInvestments/comments/la393p/hold\_off\_on\_taking\_any\_action\_with\_your\_401k\_ira/](https://www.reddit.com/r/IndiaInvestments/comments/la393p/hold_off_on_taking_any_action_with_your_401k_ira/) + +&#x200B; + +Source: [https://www.indiabudget.gov.in/doc/memo.pdf](https://www.indiabudget.gov.in/doc/memo.pdf) + +&#x200B; + +# Personal Summary + +Official summary here: [https://indiabudget.gov.in/doc/bh1.pdf](https://indiabudget.gov.in/doc/bh1.pdf) + +&#x200B; + +* The biggest highlight is that there are almost no highlights relevant to personal finance +* Fiscal deficit for next year would be quite high at 6.5% of GDP +* This budget would be called an 'expansionary budget' and the effects would be felt over time. We need to watch the interest rate and possibly inflation. +* The budget could have a positive effect on equity due to the orientation on growth. + +On the macro side, the proposal for 'bad bank' and 'infra development' bank could be big changes, if implemented well. Other things like FDI in insurance, etc. could mean that this budget has a large impact on financial institutions. + +Since cricket team has been invoked often. This looks like the start of the last hour in the Brisbane test. Pujara (Jaitley) took many blows and kept things fiscally conservative. Pant (current FM0 continued for some time in the same vein. And now the players have started to look at the scoreboard and have let go of the caution. The match is not over though... Execution this year, and the policies in the next 2-3 yeas would be crucial. +I was looking at the returns for last 5,10 years and they're around 8%. But if we take into consideration LTCG of 20.3% it comes down to around 6.4%. +Why would that be lucrative then. +Why not invest in EPF, VPF, PPF or SSY where returns are not taxed and you get >7% on all the schemes. +I have a regular account with Geojit for my share investments. Recently I was asked to update KYC details which include income. On the website they are insisting on proof such as IT return or bank statement. I am not comfortable with providing it to a broker. + +Is it mandatory? +Just saw this article on thehill.com. + +I never thought I’d say this, but I’m very worried about the future of property rights and rental investing in the US. + +Between the never-ending eviction moratoriums, the anti-landlord voting tendencies of what seems to be a majority (and growing) of the pop., and now this - I’m concerned for the future of buy-and-hold rental investments and REI in general. This is what I had planned for my retirement, and it seems like the ability to become financially independent this route is quickly evaporating. + +IMO once these doors are opened, there’s always going to be an “emergency situation” that will “require” these infringements on property rights. + +What say you guys and gals, am I overreacting? + Current home value is \~750k with remaining principle of 288k on a 15 year, 3.125% with monthly payments of 2800 for PI + +I am planning on upgrading primary residence to one costing around 1.1m. I have 760k in capital to put towards the purchase. + +Original plan was straightforward - use the 760k as down payment, take a new 30 year loan. + +Then I thought that maybe I should straight refinance my current home first, which would lower our DTI to 1100 for PI. + +Then I realized that if I could cash-out refi, I could get about $312k out of it. Add that to the $760k capital and could buy a slightly cheaper house, 1.05m in cash (+closing). This would keep the mortgage on my current home, which would become a rental, which means that it would be tax advantaged for us because we currently take the standard deduction due to the $10000 SALT limit for a married couple. + +So this seems like a pretty good idea to me, I suppose other than the higher interest rates from refinancing? Any thoughts? Would this basically just be spinning wheels or would I get some benefit from it? +I know a lot of people are annoyed by these posts (I personally love seeing people's stock picks when they ask for advice). + +I want to pick a group of stocks that I am comfortable holding for years and years and DCA into, in my Roth IRA (mainly dividend but some growth). I welcome any advice/criticism, what I should get rid of or add. I already own the majority of these but looking to add a new consumer staple like PG or COST. + +**TECH - 17.5%** + +1. MSFT - 7.5% +2. AAPL - 5% +3. V - 5% + +**REITS - 17.5%** + +4. O - 7.5% + +5. VICI - 5% + +6. STAG/BRMK or MPW (Suggestions welcome for 3rd REIT) - 5% + +**CONSUMER STAPLES - 15%** + +7. KO - 5% + +8. GIS - 5% + +9. PG or COST - 5% + +**CONSUMER DISCRETIONARY - 10%** + +10. SONY - 5% + +11. AMZN - 5% + +**COMMUNICATION SERVICES - 10%** + +12. DIS - 5% + +13. T - 5% + +**INDUSTRIALS - 12.5%** + +14. LMT - 7.5% + +15. MMM - 5% + +**MEDICAL/PHARMA - 10%** + +16. JNJ - 5% + +17. ABBV - 5% + +**FINANCIALS - 7.5%** + +18. BNS - 7.5% +So I’ve seen a lot of people on this sub ask for recommendations, especially younger/newer investors who are just getting into the game. + +I wanted to help these people out and assemble what I like to call the “Dividend Growth Starter Pack” + +Here’s what it features: + +1) Limited selection of stocks to avoid over-diversification and allow for more effective compounding + +2) HIGH dividend growth rates + +3) Low payout ratios + +4) Histories of FAT dividend growth + +5) Currently undervalued + +I’m also going to list several potential replacements/alternatives. I will list them in my personal order of preference but it’s up to you to choose one and only one and stick to it. + +1) Industrials - $LHX (highest conviction pick) OR $LMT > $NOC + +2) Financial - $AMP OR $TROW > $AFL OR $BLK + +3) Consumer Staple - $TSN OR $HRL + +4) Technology - $AVGO OR $TXN + +5) Consumer Discretionary - $LOW OR $HD + +6) Healthcare - $ABBV (my 2nd highest conviction pick) OR $BMY OR $MRK + +7) Communication Services - $NXST (broadcasting station) + +8) REITS - $HASI (renewable energy infrastructure REIT), $IIPR (cannabis REIT), $DLR (data storage REIT) + +9) Materials - Avoid. This sector is far too cyclical and commodities price dependent to provide us the reliable dividend growth we seek. Might be worth having a gold miner in here as an inflationary hedge but I wouldn’t make it a big holding. + +10) Energy/Utilities: $BEPC or $NEE (these are a bit overvalued rn) + +Invest equally among the stocks you chose from the list above. + +Your portfolio with these stocks would look like this: + +~2-3% starting yield (based on which stocks you choose) + +~10-15% 5 year DGR + +~30-40% payout ratio + +~10-15 years consecutive dividend growth history + +- 50% of holdings still below 52 week high despite growing revenues and earnings + +- Conservative 6-8% annual dividend growth for next few years + +Based on this, you should be able to reach a nice 5% yield on cost with some pretty safe companies that also have strong growth characteristics in the span of a few years. + +For those with less of an appetite for risk I’ll assemble another list later with lower dividend growth but longer dividend growth histories. + +EDIT: I am long $LHX, $ABBV, $AVGO, $AMGN, $LOW, $BAC, $TSN, $IIPR, $HASI, and $AMP +I’ve gotten big into buying LEAPS since I learned about them earlier this month. But every post I’ve read and video I’ve watched discusses BUYING them. So who exactly is selling them? +I thought this was an interesting article on the psychology of saving and investing. I think a lot of people maybe fall into this group of people who save money due to the potential unknowns of the future (kids, house, lower salary) but invest because they see a world in the future that is more robust and better than where we are today. + +https://www.collaborativefund.com/blog/save-like-a-pessimist-invest-like-an-optimist/ +&#x200B; + +[u\/pinkcatsonacid, u\/bye\_triangle, u\/redchessqueen99](https://preview.redd.it/4boo3ay3ho571.png?width=1426&format=png&auto=webp&s=c3422eabf17e4950c003e2b51fd58bcfc2f0eb83) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $222.97 + +Open Price: $215.24 + +Daily High: $228.73 + +Daily Low: $209.00 + +Volume: 5.52 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +*Alright guys...* + +The first edition of today's JBeat contained a correction that 005 was not in effect just yet, and followed up with a link to the DTCC website to confirm. Well, that info was wrong. So I have deleted the part of the post relevant to that discovery. + +We are back to where we hoped we were. + +&#x200B; + +# #005 appears to be in effect + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Superstonk Community Award Contest! + +**text and awesome artwork by** u/redchessqueen99 + +&#x200B; + +https://preview.redd.it/r096resxco571.png?width=1000&format=png&auto=webp&s=ea2bfe2f71e168c47e343024fe6c3de46cf18301 + +# What are Community Awards? + +Regular "awards" are purchased with **Coins**, a mechanism of Reddit that ultimately requires real money to purchase packs of coins that can then be spent on awards for posts and comments. [r/Superstonk](https://www.reddit.com/r/Superstonk/) does not receive any money when they are purchased, but it does receive Coins when users gift Community Awards. + +>Community Awards are unique to each community, and members can give them to each other. Moderators can design and name the Awards however they want.A portion of Coins from Community Award purchases will be deposited to the community’s Coin balance. Moderators can use Coins from that balance to reward members with Mod Awards. The Coin balance is shown only to moderators in the community’s sidebar. + +Moderators do NOT have access to the [r/Superstonk](https://www.reddit.com/r/Superstonk/) coin bank other than to give Community Awards on this sub to quality posts and comments. Moderators do NOT receive any coins personally, and only certain mods with permissions can access the coin bank for this purpose. + +**Community Award:** Any user can gift this award for an amount of Coins (min. 500) to a post or comment. Each of these awards will also gift Coins to [r/Superstonk](https://www.reddit.com/r/Superstonk/) itself, allowing mods to give mod-exclusive awards. For example, a 500 Coin Community Award also gives the subreddit 100 Coins. + +**Mod-Exclusive Community Award:** These awards are purchased using the Coins available only to mods from the [r/Superstonk](https://www.reddit.com/r/Superstonk/) Coin bank, and give a certain amount of Reddit Premium to the recipient. For example, a 1800 Coin Mod-Exclusive Community Award will grant one month of Reddit Premium. + +*Reddit Premium gives 700 monthly coins, access to Premium Awards, and more. Learn about it here:* [*https://www.reddit.com/premium*](https://www.reddit.com/premium) + +Currently, we have two Community Awards: the **Superstonk Award** (500 Coins, giftable by members), and the **Not-A-Cat Golden Bananya Award** (1800 Coins, giftable by mods only). + +&#x200B; + +[ Ape Not Fight Ape, unless for top prize! ](https://preview.redd.it/3zt0z0k7go571.png?width=1000&format=png&auto=webp&s=7996b03275f2caba2751f31de5c004427d24b2cf) + +# Award Contest + +We ask you, [r/Superstonk](https://www.reddit.com/r/Superstonk/) members and lurkers, to use your best design skills to create award icons that we can then place into the Community Awards. You will need to think of a great name, too, but note we must keep it (mostly) family friendly. We are limiting to one design/name per submission, so make it good! + +**The top eight designs will be made into the following awards:** + +* **5th-8th:** Community Award (cost: 500 Coins, 100 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) +* **4th:** Community Award (cost: 1000 Coins, 200 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) +* **3rd:** Community Award (cost: 2000 Coins, 400 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) +* **2nd:** Mod-Exclusive Award for 1-month Premium (mod cost: 1800 Coins) +* **1st:** Mod-Exclusive Award for 3-month Premium (mod cost: 5400 Coins) + +Additionally, **1st and 2nd place will receive FOUR of the new 3-month Premium mod-exclusive awards** on their top posts and/or comments, **3rd and 4th place will receive ONE of the new 3-month Premium mod-exclusive award**, and **5th, 6th, 7th, and 8th place will each receive ONE of the new 1-month Premium mod-exclusive award**. This will effectively win you Coins and Premium membership, as well as serious clout from designing an official sub award. + +To submit, please follow the guidelines below. + +&#x200B; + +[ Welcome to the Jungle ](https://preview.redd.it/ssjx6vpcgo571.png?width=1000&format=png&auto=webp&s=c54aab4ade98818d338c7095b270c6cf9d4ea7c8) + +# Submissions must adhere to the following: + +* Image file attached to email with these attributes: + * **Design Image**: PNG with alpha layer (or) animated GIF with alpha layer + * If a gif, we cannot guarantee it will work in our bracket system (will try) + * Must be square crop (1:1 ratio) + * Width and height should be equal, and at least 512px + * File size limited to 2MB +* **Name of Award** (Appropriate Titles Only; otherwise we will change it) +* **Username of Artist** (must have history on [r/Superstonk](https://www.reddit.com/r/Superstonk/) without Ban) +* One submission per user +* Rules must be followed; NSFW or improper designs/titles will be disqualified +* **Designs must be original content**, or created by submitter; no copying from Google Images or stealing others' work +* (optional) **Include a hyperlink to the image** as backup (i.e. Imgur) + +# PLEASE FOLLOW THESE 👆 REQUIREMENTS OR YOUR SUBMISSION WILL BE REJECTED.💎 Send submissions to [superstonk\_mods@protonmail.com](mailto:superstonk_mods@protonmail.com) + +*We will not accept awards tagged in posts, sent by Message or Chat, or over Discord. We encourage you to* ***create a separate email*** *if you want to remain anonymous, but we will not release any details regarding the submissions process, other than the username provided during submission.* + +&#x200B; + +# 💎 DEADLINE - Sunday, June 20 @ 4:00 p.m. EST or 120 total submissions received + +&#x200B; + +Timezone Deadlines: 1:00 p.m. PST / 2:00 p.m. CST / 4:00 p.m. EST / 10:00 p.m. UTC / 6:00 a.m. AEST + +&#x200B; + +We reserve the right to deny any images that do not meet these requirements. The contest will remain open until we receive 120 entries or until the deadline; whichever comes first. If you are late with submission, or if the contest closes due to the limit, you will sadly not be included. The early ape gets the banana! + +*By submitting your design to this contest, you are agreed to allow the subreddit* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *to use it for a Community Award image, without end date, and the design will remain a part of* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *in this context indefinitely. The subreddit will not claim any copyright over the designs submitted, or use them for any other purpose.* + +&#x200B; + +https://preview.redd.it/pmky6nbmgo571.png?width=1000&format=png&auto=webp&s=731fa3fc1adb710f72800c776be5ac87a11628cf + +# TLDR: Make some awesome designs and send them in. The first 120 submissions will be included in the contest, if submitted by the deadline, and the top eight will win mod-exclusive awards (Reddit Premium) and have their designs featured as official [r/Superstonk](https://www.reddit.com/r/Superstonk/) awards. + +# Thank you again for participating in the contest and good luck, apes! + +&#x200B; + +back to u/pinkcatsonacid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/Criand + +Put on your helmets. This one is as much of a blow to your senses as the Everything Short by u/atobitt + +&#x200B; + +[**The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect (link).**](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) + +&#x200B; + +Excellent DD just keeps getting cranked out by Criand. Kudos to you, ape and thank you for your wrinkliest of contributions as you continue to bring top-tier research to the sub. Fist bump. Knowledge is power. 💎✊ + +&#x200B; + +https://preview.redd.it/sg7sh9qsro571.jpg?width=540&format=pjpg&auto=webp&s=28129e32bfdff0323d77124ad90cc2d7cdae04a9 + +Also, I'm v angy now. 🤬 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Federal Open Market Committee- FOMC- Press Conference + +🚀"LIFTOFF"🚀 + +Chairman Powell held a press conference of the FOMC today telling us all about how the Federal Reserve is totally chill and everything is totally fine and just BE COOL AND STAY CALM WE HAVE GOT THIS UNDER CONTROL + +&#x200B; + +[narrator voice: but it wasn't fine](https://preview.redd.it/8qce8xsgmo571.jpg?width=606&format=pjpg&auto=webp&s=5df33a25f53409b6317d31cb94a9ac79d79cbd4a) + +# [Watch the Press Conference here](https://www.youtube.com/watch?v=ZmqH8GnuJfM) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ICYMI- Burry's Back + +&#x200B; + +Dr. Michael J. Burry has re-emerged from hiding. + +&#x200B; + +https://preview.redd.it/qd2kjgjiqo571.jpg?width=1080&format=pjpg&auto=webp&s=9de00ad58de7aeb57e57798164cbcab1130b93f2 + +[**Here's the link if you're interested in following him on twitter!**](https://twitter.com/michaeljburry) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +https://preview.redd.it/y3hk8zuvpo571.jpg?width=1920&format=pjpg&auto=webp&s=da19e6eda81bc8600ee2ff8ed9f6e4e8e61b731e + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +[🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍](https://preview.redd.it/mz80h1o5so571.png?width=1600&format=png&auto=webp&s=b675be4fe3058f64da776ee72516c5fa724dd228) +🚀🚀 ***Synopsis*** 🚀🚀 + +*Danakali (DNK.ASX) is a resource company focused on the development of the Colluli SOP Potash Project in Eritrea. Colluli is estimated to have the* ***world's largest*** *and* ***highest grade*** *SOP mine with* ***1.1Bt of ore reserves*** *and a* ***mine life of 200 years***\*. The Colluli project is a 50:50 joint venture between Danakali and Eritrean National Mining Corporation (ENAMCO).\* + + +*The resource is so large that it has the potential to feed billions of people, save millions of lives, and assure food security for generations to come. Essentially, the company that controls the Danakali Depression will significantly influence the future of premium global food production for the next 200 years. With this in mind, there is a* ***clear case for DNK to be taken over by any of the big majors*** *(more on this later).* + + +*Quick Video Overview:* [*https://www.youtube.com/watch?v=Bi\_36PaaSs4*](https://www.youtube.com/watch?v=Bi_36PaaSs4) + + +Quick Facts - 12th July + +Market Cap: $174 Million + +Share Price: $0.475 + +Shares on Issue: 367 Million + +Cash on Hand: $27.6 M (31st March 2021 and includes the $20M Cap Raise) + +Markets: ASX, LSE, OTC (a large number of shareholders in Frankfort) and ARDs + + +**Global Overview** 🌍 + +The [United Nations publication World Population Prospects 2012](https://population.un.org/wpp/Publications/Files/WPP2012_HIGHLIGHTS.pdf) predicts that the global population is expected to **rise from 7billion (2012) to 9.6 billion (2050)** and then to around 11 billion (2100). This rapid population growth will create **increasing pressure** on already **overburdened food production industries**. As the population rises and urban centres expand, the **amount of arable agricultural land will decrease** therefore requiring high yielding land. + + +Additionally, in many parts of the world, agricultural soils are gradually becoming **depleted of potassium**. After many years of intensive cropping and repeated nutrient removal during harvest, many **fields now require regular inputs of potassium fertiliser** to boost their productivity. + + +**Solution - Potash** 🥦🥬🍓🍆 + +To boost crop yields, farmers are beginning to employ the use of Potash fertilisers, a potassium substance used in agriculture to: + +* improve plant quality and growth +* regulate carbon dioxide uptake +* regulate water uptake and loss +* improve drought resistance +* improve resistance to pests and disease + + +MOP +Potassium Chloride (MOP) is the most abundant form of potash making it the most commonly used potassium fertiliser. It consists of 60% K2O and 47% Cl. It is particularly effective on carbohydrate crops such as wheat, grains, and soybeans. Critically though, Chloride can be harmful to some crops and detrimental in acidic soils. + +SOP +Potassium Sulphate (SOP) is the second major form of potash. It consists of 50% K2O and 17.5% S. It’s particularly effective in the **cultivation of high-value foods** such as fruits, vegetables, nuts and tea trees. SOP contains less than 1% chloride, but importantly contains sulphur which is a secondary macronutrient utilised for plant growth. In addition, SOP has a lower salinity index than MOP. The higher salinity of MOP can cause plants to have difficulty in absorbing water and nutrients from the soil. + + +**Enter the Colluli Project… the world's largest and highest grade SOP mine.** 😎💰 + +The Colluli Project is located in the Danakil Depression region of Southern Eritrea and is approximately 230km by road south-east of the Port of Massawa which is situated along one of the **busiest trade routes in the world** (Suez Canal). The Danakil Depression is an emerging potash province, which commences in Eritrea and extends south across the border into Ethiopia at deeper levels. Note the Colluli project only has jurisdiction in Eritrea. + + +&#x200B; + +&#x200B; + +[Eritrea location in Africa](https://preview.redd.it/xzbfjp2n2oa71.png?width=810&format=png&auto=webp&s=650fd0dcd6b67faf452484f8a0f3eac42dd72c18) + +[Colluli Project location in Eritrea with distances to ports](https://preview.redd.it/ldscol4p2oa71.png?width=1292&format=png&auto=webp&s=8d330df832714b829fafc8637435da63c52c3d0d) + + +Colluli is located **just 87km from a potential port export terminal** at Anfile Bay making Colluli the **closest global SOP deposit** to a coastline. Almost 95% of the population growth stated by the UN will occur in Africa, India and Southeast Asia with the Colluli project **capitalizing on the central and well-developed trade shipping route** close by. Danakali has already spent approx US$50M developing the project + + +&#x200B; + +[The world's closest SOP Potash mine to port facilities](https://preview.redd.it/e34u69ts2oa71.png?width=1295&format=png&auto=webp&s=7933f13471172c5eb3ec15417bd32beff7e53c13) + +With the engineering and construction plans complete, mining permits granted and being Sanctioned by the Eritrean Government, DNK is now **shovel ready** to begin development and commence operations in 2022. + + +**The Colluli Resource** 🗿 + +The Colluli resource comprises three potassium bearing salts in solid form; Sylvinite, Carnallite and Kainitite which are **quite rare in combination**. These are the required salts to create high yielding SOP and Potash Fertiliser products. + +[Colluli’s Ore Resource](https://www.danakali.com.au/the-colluli-project/the-colluli-resource-and-reserve) is estimated to be **1,100Mt @ 10.5% K2 O** for 203Mt of contained SOP equivalent providing a **mine life of 200 years**. Colluli has a **significant diversification of products** being SOP, SOP-M, MOP, Kieserite, Rock salts, Gypsums and Salts. This is the **only basin in the world** that allows for such high product diversity. + +Prior studies have indicated that Colluli SOP fertiliser would be at the **top of the quality spectrum**. Typical SOP contains \~94% potassium sulphate where through low-cost processing, Colluli can generate SOP with a purity of 98%. + + +[Highest quality SOP ](https://preview.redd.it/rhuxbsm03oa71.png?width=981&format=png&auto=webp&s=15dfc6167d5f9c63e8cfc2ff6b631a32daac3b80) + + +**Shallowest Mineralisation** ⛏ + +Colluli boasts the **shallowest known evaporite mineral deposit globally** at just **16m**. This depth poses advantages through **significantly reducing mining, logistical, capital and operating costs**. Other global Potash mines are: + +* UK: depth of 1500m with a CAPEX of US$7B +* Canada: depth of 1000+m with a CAPEX of US$4B +* Russia: depth of 500+m with a CAPEX of US$3-4B +* Colluli has a depth of 16m and an estimated startup CAPEX of just US$322M + +The Colluli mine will be an open-cut pit that provides **direct access** to each of the mineralised layers. This surface mining will allow for controlled extraction, stockpiling and processing of the different solid form salts. + + +&#x200B; + +[Mining extraction process. Note different mineral layers](https://preview.redd.it/t8jwvxe63oa71.png?width=1396&format=png&auto=webp&s=f365872c4d1bf88e7264d8130ded0b44a8c5f7e0) + + +**Modular Expansion** 📈 + +The Colluli project will adopt a modular development approach that delivers **low upfront development costs yet provides a high degree of scalability**. + +Module 1, which is expected to finish development in 2022, is expected to produce approximately 472ktpa of premium SOP. Module 2 will increase the total SOP production to 944ktpa. + +The Colluli project has adopted a modular approach for numerous reasons with the most obvious being CAPEX costs and determining the most efficient operating methods. Also due to SOPs lower market share in the Potash industry, the project doesn’t want to dislocate the current premium pricing by flooding the market with too much supply. They want to optimally match the supply with the growing demand (population growth and premium food demand). + +[Modular expansion phases 1-6](https://preview.redd.it/chr1heoj3oa71.png?width=1323&format=png&auto=webp&s=c17adc11cb415249184c15e1a5be355ddc76d604) + + +**Processing of Colluli’s Primary Production SOP Resources** + +Colluli is in a **unique position** of having **solid high-quality primary ore SOP inputs**, which **globally is rare**. A low-cost processing method has been developed that feeds the three main members (Sylvinite, Carnallite, Kainitite) into the processing plant from which the minerals Sylvite, Carnallite and Kainite are extracted and mixed to produce SOP. + +This unique mix allows for SOP to be produced at ambient temperatures using conventional flotation methods providing **positive impacts on processing yields**, **significantly reducing pond size requirements** and allowing for **lower energy inputs** relative to Kainite brine conversion. Additionally, highly favourable weather conditions within the Danakil Depression provide extremely high evaporation rates. + +The Colluli project has also developed a **pioneering** [**world-first processing design**](https://youtu.be/ZcumMcDJtTw) using filtered seawater which significantly reduces project development, operational, financial and market risks. + +The most common industry method (**50-60% of global supply**) for producing SOP is through the Mannheim process, which sees the reaction of MOP with sulphuric acid at high temperatures. The raw materials are poured into the centre of a muffle furnace heated to above 600ºC. SOP is produced, along with hydrochloric acid. The **Mannheim process is an extremely expensive** processing technique due to the high MOP purchase input costs. When thinking of the Colluli project… The basin, which is one of the hottest places on earth, has just been a Manheim process that's occurred naturally over 5 million years. + + +**Economics of Operations** 💵 + +[\*The estimated SOP composite sale price was set at a conservative US$569\/t. The financials don’t include the diverse products available for sale \(rock salts, Gypsum etc\). The financial metrics are for 100&#37; of the project where Danakali has 50&#37; ownership.](https://preview.redd.it/wye3jzar4oa71.png?width=702&format=png&auto=webp&s=54bc9b76e2e3535265f7e7265640e815bab70885) + + +**Capital Estimates** + +[Module 1 & 2 Capital Estimates](https://preview.redd.it/rju6vl7u4oa71.png?width=1404&format=png&auto=webp&s=d742ebf8319c75b27ad3349c1909ce108b16ca8e) + + +**Operating Cost Estimates** + +[Module 1 & 2 Operating Costs](https://preview.redd.it/4ybwwbcx4oa71.png?width=1157&format=png&auto=webp&s=66b40b51905b159f5f462c5c470ee218ccc6039c) + +[Low mine gate production costs](https://preview.redd.it/txs1e1wz4oa71.png?width=1720&format=png&auto=webp&s=6dda320f6ed2d0afe5447b143e30989cb9fd328f) + + +**Future SP predictions** 🚀🚀🚀 + +Based upon the completion of Module 1 the NPV share value would be approximately US$0.69. After the completion of Module 2, the share value would be approximately US$1.23. Remember that DNK has a 50% partnership with ENAMCO. Also, a **Discount Rate of 10 is considered conservative** within the industry. + +Note, DNK has the intention to **expand into Module 3, 4, 5** and **6**. Additionally, the above calculations **don’t include the sale of the other products** (Kieserite, salts, gypsum) which would have a significant impact on the revenues earned. Sale of these products is expected in Module + +* Kieserite: $120/t +* Rock Salt: $40/t +* Gypsum: $50/t +* Salt: $40/t + +With a relatively low CAPEX, low OPEX, mine life of 200 years and being in a premium pricing market, **DNK is a cash cow in the making**. + + +**SOP Pricing & Markets** + +Globally in 2017, the Potash market was worth US$8B with MOP equating for 80% of demand (70 mt/pa) and SOP just 10% (7 mt/pa). SOPs smaller market share is due to the premium foods that SOP services (fruits, nuts etc) have less food market size than the widespread carbohydrate agricultural industry (MOP). + +As has been previously mentioned, over half of SOPs production is produced through the Mannheim process which requires MOP as a core input. Recently, **MOP has seen a significant price spike** (Brazillian MOP reached US$600 p/t) due to rising global food prices (greater demand for food at home during the pandemic, disrupted food chains/rising oil prices, climate change and extreme weather damaging crops). Although SOP tends to lag behind MOP in prices due to the contractual nature of SOP deals, the **MOP price spike will soon cause a price spike of SOP due to input costs being higher.** + +[Brazil MOP Spot prices. Note price spike](https://preview.redd.it/qf8jloi45oa71.png?width=736&format=png&auto=webp&s=b576172debcfca64efc1c0d925cf16b43dff960b) + +Though the price of SOP often remains stable, historically the price of SOP has been US$200 above the price of MOP. It will be extremely interesting to see where the SOP price spike ends up in a few months time. + +The top potash producing countries per annum include: + +* Canada: 13.3 Million MT. World’s largest producer of Potash +* Belarus: 7 Million MT. +* Russia: 6.8 Million MT +* China: 5 Million MT. China accounts for approx. 20% of global potash consumption +* Germany: 3 Million MT +* Israel: 2 Million mT + + +**Capital Funding Requirements** + +The **only thing** holding the Colluli project back is the **required capital funding** for Module 1, being approx US$330M (including contingencies). Once operating, DNKs cash flows will pay for Module 2 and so on. + +Under Eritrean law, a maximum of US$280M debt is allowed for the project. + +Debt - required $280M + +DNK has **already reached a US$200M** debt agreement with two leading African institutions, Afreximbank and AFC, both highly reputable African institutions with extensive experience in providing financing to projects across the continent. **AFC is also a major shareholder** with 16.5% of the issued capital. Generally, banks don't buy equity into mining projects... AFCs holding is a **clear 3rd-party validation** to the **quality of the project** as they would have done a lot of due diligence. + +For the remaining US$80M, Institutions often like to see **works on the ground being completed,** which DNK have just begun, before committing final debt funding. It’s believed that this remaining US$80 of debt is currently being negotiated with both African and European Banks. + +Equity - $50M + +Colluli has also recently completed a capital raising of US$20M which has **funded the initial infrastructure** **requirements** (roads, workers camp, water facilities). These works are **currently underway** and an announcement is expected soon on their progress. It is believed that the final US$30M will be easy to raise as it’s the ‘last money in’. Once initial works are completed, the project will be significantly de-risked and essentially ready to begin facility development. + + +**Management team** 👨🏼‍🌾 + +Recently, Danakali has made changes to its board to **re-energize** the development of the project. + +This year Neils Wage left his CEO role at DNK. Neils was from the ‘big end of town’ having also worked from BHP where things move at an extremely slow pace. Neils clearly wasn’t the man to run a small-cap ASX listed company and also held no shares...a bad sign. + +Seamus Cornelius, a corporate lawyer and former partner of one of Australia’s leading law firms, was appointed Executive Chairman (he now also acts as CEO) for DNK. Seamus has been on the board of DNK since 2013 and his passion for the project is visibly evident through his interviews. He also **holds a significant amount of shares** in the company… a great sign! + + +**Eritrea Sovereign Risk** + +Whilst Colluli is a world-class project the most evident risk is the prospect of investing in Eritrea. Though the country has had a **significant turnaround** in recent years with the UN sanctions being lifted allowing other countries to freely engage in trade and finance and the conflict with Ethiopia being resolved 3 years ago. The sanctions were initially applied by the UN in 2009 after Eritrea was accused of backing militant groups in neighbouring countries. Eritrea always denied the accusations and when sanctions were lifted in late 2018, various press reports indicated that there had been no concrete proof that the Eritrean state had been involved in such activity. + +Ethiopia and Eritrea fought a brutal independence war that ended in Eritrea’s sovereignty in 1993. However, the last few years have seen an **improvement in relations** between the two countries with peace officially declared in July 2018. This triggered a softening of some of the tough conscription policies that were widely publicised and were seen as the key driver behind a significant number of asylum seekers leaving Eritrea. + +Eritrea is noted to have a **government** that **promotes principles of self-reliance**. Key economic drivers include mineral exports, agricultural output and infrastructure development. Eritrea was the only sub-Saharan African country to **meet its Millennium Development Goals** by 2015. Great emphasis is placed on the community as well as social outcomes, such as access to education, health, food and equitable access to services. Rapid diplomatic progress has been achieved in the Horn of Africa in 2018 and 2019. + +The government has set parameters for mining projects and has **aggressively pursued foreign investment**. The Eritrean mining code is based on Western Australia’s long-established code, and as a result is easy to follow, without the hurdles which often cause delays in less established mining jurisdictions. To date, the Eritrean Government has been **strongly supportive of all the mining projects** in the country with no issues in permitting or license tenure. There are currently two operational mines in Eritrea, the Bisha copper-gold-zinc mine and the Zara gold mine, both 60% owned and operated by Chinese groups + + +**Offtake Agreements** 🤝 + +Colluli has **already signed** a binding take-or-pay offtake agreement with EuroChem, Europe’s leading mineral fertiliser producer. EuroChem has agreed to purchase, market and distribute up to **100% of Colluli’s SOP production** for the **first 10 years of operations** with the ability to extend the agreement for a further 3 years afterwards. Colluli has the option to retain and sell up to 13% of its products through alternative sales channels. + +EuroChem, which is headquartered in Switzerland, achieved revenues of US$6.2 B in 2020 placing it within the world top-5 producers of nitrogen, phosphate, potash and complex fertilizers. EuroChem is 90% owned by Andrey Melnichenko, the 95th wealthiest person in the world (7th in Russia). + + +**Share Price History & Trends** + +DNK was first listed on the ASX in 2003 for $0.20 under the name South Boulder Mines. The early years of DNK saw the share price slug along until in 2010 the company acquired the Colluli project and saw Sprott Asset Management contribute significant funds to the company. + +In 2011 and 2012, DNKs share price significantly rose from **$0.10 to $6.25** (**over 6,000%**) in a matter of months off the back of BHPs US$40B take-over bid for Canada’s Potash Corp. Though the bid was eventually denied by the Canadian government, it set off a **flurry of investments into the potash industry** hence DNKs price spike. + +Realising the significance of the Colluli asset, the Eritrean government re-negotiated their agreement with DNK and agreed upon a 50:50 joint venture. At the time the market reacted to the change of ownership and the share price drifted lower. + +In recent years the share price has been trading somewhat sideways as JPMorgan, which invested $10 Million into DNK, had to close their resource fund due to restrictions placed by the American government over ‘spoofing’ trades in the precious metal markets. This sell-off has acted as a **handbrake** on DNKs share price and as of this year, the remaining JPMorgan parcel was sold off. + +With the hand brakes off the share price and the project's initial development just beginning things are **starting to look exciting for shareholders.** + + +**Take-Over potential** 🙌🏽💎🚀🚀 + +Given the **monumental size** and **future cash flows** of the Colluli project, there is a **strong possibility of DNK being taken over by a large multinational company in the near-term future.** Throughout history, the largest and best in class assets across the globe eventually become owned by major companies. + +So why hasn’t a take-over bid occurred yet? Simply put, the larger companies have been watching the progress of the project from the sidelines all the while expecting DNK to fail so they could acquire the project more cheaply. Given the recent commitments from Afreximbank and AFC for capital funding, this is **obviously not going to occur**. With so much interest surrounding the Colluli project, a **bidding war** is likely to eventuate with **only the highest price offered being accepted**. As soon as the first take-over offer is provided, it will be a frenzy for other parties offering bids as they don’t want to miss out on such a valuable asset. + +[The potential takeover company list includes:](https://10baggerclub.com/reports/2021/0501/) + +* Sabic: Massive state-owned Saudi Arabian chemical manufacturing company +* Yara Fertiliser: Owns a Potash project in neighbouring Ethiopia, which isn’t as economically viable due to the resources being deeper in the ground. +* Eurochem: DNKs offtake partner +* Nutrien: Canada’s largest potash company +* Mosaic: Canada second-largest potash company +* BHP: Purchased Canada’s Jansen Potash Project for US$7.5 B +* K+S: Europe’s largest supplier of potash +* Gazprom: Already have a joint venture with ENAMCO on another project +* Nestle: World's largest food company +* Qinqhai Salt Lake Industry: China’s largest potash producer +* Itochu: Japanese global fertiliser, foods and materials trading firm +* Africa Finance Corp: DNK largest shareholder at 16.5% + +Considering that the Colluli project is in a league of its own, the **question of a take-over is more not if**… **but** **when** **and** **for how much**. Though DNK can get into operation, think of this play much like EXR. + + +**UN Report on Impact of DNK Potash** + +In 2019, the United Nations initiated [an independent report](https://www.danakali.com.au/images/stories/UNDP-Report-on-Colluli.pdf) on the potential contributions that the Colluli project could have on Eritrea’s Sustainable Development Goals. + +The report concluded that the Colluli project provided 5 key factors that significantly contributed to the achievement of **13 of the 17 Sustainable Development Goals.** + +Danakali also has an [extensive ESG framework](https://www.danakali.com.au/the-colluli-project/sustainability) for the Colluli project. + + +**Resources:** + +* [**HotCopper Forum**](https://hotcopper.com.au/asx/dnk/) **(Cycle through the threads and find posts by Phuket Guy)** +* [Danakali 2019 Investor Pack](https://www.danakali.com.au/images/Investor_Pack_2019.pdf) +* [Danakali at a Glance ](https://www.danakali.com.au/our-business/about-danakali-limited) +* [Danakali’s Youtube Channel](https://www.youtube.com/channel/UChGKN4-M4lOvPKxs9b-IJvw/videos) +* [Proactive Interview ](https://youtu.be/P1o-xmHmWik) +* [Small Caps Interview](https://youtu.be/aAd3JlNPZQ8) (Note this is the old CEO who has now left) +* [Explorers Podcast Interview](https://podcasts.apple.com/au/podcast/the-explorers-podcast-with-barry-fitzgerald/id1468819674?i=1000488994550) (Note this is the old CEO who has now left) +* [Stockhead Potash Rallying Prices Interview](https://stockhead.com.au/stockhead-tv/potash-rallying-prices-market-potential-expanded-applications/) +* [BHP Potash Presentation](https://www.youtube.com/watch?v=funGZzVqx6Y&t=10s) +* [Bloomberg Potash Price Rally](https://www.bloomberg.com/news/articles/2020-12-09/a-huge-rally-in-food-prices-is-stoking-record-fertilizer-demand) +* [2017 Ringler Research Danakali Price Report](https://www.mynewsdesk.com/de/ringler-consulting-and-research-gmbh/documents/ringler-research-danakali-eng-26-punkt-06-punkt-2017-68528) + +&#x200B; + +None of this is financial advice! Do Your Own Research + +&#x200B; + +Shoutout to all those that assisted with this summary including some T20 holders! 🚀💎⛏ +Hi, I just watched a famous Youtuber that I follow for financial updates, stock, and crypto stuff. + +I quote what he said: + +>**"Instead of selling it and getting hit with taxes what people end up doing is they borrow against those assets at a lower interests rate than the interest rate that the asset generates. And while they borrow against those assets that's the money they use to live off and pay for their lifestyles. That's how wealth is controlled in a very tight small knit group.** + +&#x200B; + +He was referring to Bitcoin. Can someone explain the process? I kinda understand but would be great if someone can explain it with an example. +It has no privacy perks +Same problems as bitcoin but it isn't the big daddy bitcoin +Doesn't come close to the 3rd gen blockchain tech some coins are coming out with +2.6Billion market cap that will just slowly go down to non existence overtime + +Change my mind. +Looking for people opinions if I should jump on buying some air canada stock with the coronavirus still rampaging. I under stand the recovery is going to be a long road but the profit could be good. +I'm getting really tired of seeing the same shitty websites create "news" stories about things that are completely subjective or are a rehash of news that happened days/weeks ago. + +Is anyone else tired of the same thing? + +EDIT: I just went through the first 3 pages of /r/cc and found 2 legitimate news links. 1 was a medium blog post from a well known crypto giving a update on development, 1 was a link to an article that linked an SEC report regarding cryptos. The latter could have just been directly linked instead. I'm firmly of the opinion now that *most* if not all of the news links should be removed. +The Securities and Exchange Commission (SEC) on Monday charged former Rep. Stephen Buyer (R-Ind.) with insider trading, including purchasing stocks based on nonpublic information. + +The SEC filed the insider trading charge in a Manhattan federal district court, accusing Buyer of making illegal stock purchases in at least two instances, according to an agency press release. The SEC is seeking to force Buyer to disgorge profits he made from the alleged schemes. + +The charges were brought as part of an investigation into Buyer and nine other defendants, who were also charged on Monday with insider trading schemes. + +The U.S. Attorney’s Office for the Southern District of New York on Monday filed criminal charges in a parallel case against nine defendants, including Buyer. + +SEC Enforcement Division Director Gurbir Grewal said those who monetize nonpublic information not only violate federal law but “undermine public trust and confidence in the fairness of our markets.” + +“We are committed to doing all we can to maintain and enhance public trust by leveling the playing field and holding Buyer accountable for illegally profiting from his access,” Grewal said in a statement. + +Buyer, who served in Congress from 1993 to 2011, founded his own consulting group called the Steve Buyer Group shortly after leaving public office. + +Read the full article: [https://sports.yahoo.com/former-congressman-charged-insider-trading-163227702.html](https://sports.yahoo.com/former-congressman-charged-insider-trading-163227702.html) + +Former US Congressman, Stephen Buyer, was charged with insider trading yesterday, including purchasing stocks based on nonpublic information. Last week, Nancy Pelosi was also rumored to be involved in insider trading together with her husband, Paul Pelosi. + +How severe do you think insider trading happens within the government? +Hi all +Back story: +I currently make about $3K AUD per month in passive income from my website (ad revenue). I'm considering leaving Australia to live somewhere else where I can cover my monthly expenses for $800 per month, thus freeing up $2200 to invest in hiring writers to generate new content and also pay for ads for additional exposure and growth. My current expenses average around $2500 per month living in Sydney, so it's just like being on a treadmill. I'd also like to start putting more money in investment accounts and learn all about trading shares the right way (have safe investments and a smaller amount to "gamble" on higher risk/growth investments). I'm one of those people who really drills way down with learning things and getting them on autopilot, as I did with learning to code on my website which now works for me. So I guess I'm sort of at a crossroads with moving onto the next step and strategising to maximise my efforts to turn my $3K per month into 6K, then 12K etc. I'm all about organic growth and doing things right. + +I'd love to hear some ideas from others about what you'd do with $3K per month and how you'd grow it as efficiently as possible. + +Thanks in advance. +I noticed there's a lot of shilling for memecoins on this subreddit and I figured I should try and "cleanse" with a potential gem with a real use-case, Opacity ($OPCT). They did an AMA recently and covered a lot of things, so I'm just going to point out some things I noticed that were either good or bad. I'll also cite some stuff they said so you don't have to watch the whole AMA. + +This is my first post, sorry if it isn't great! Tried to make a informative thread instead of just saying "buy!! diamond hands!!! low mc!! best community!!!" Also, I'm reposting to not confuse people. (Last post I mistakenly said $OPCTY instead of $OPCT) + +- Dextools: https://www.dextools.io/app/uniswap/pair-explorer/0xd07d843cd1d769cdf918be8a3c2c0b708889f7fc + +- Etherscan: https://etherscan.io/token/0xDb05EA0877A2622883941b939f0bb11d1ac7c400 + +- Telegram: https://t.me/OpacityStorage + +- Telegram Lounge/Price talk: https://t.me/OpacityLounge + +**Big numbers that make people happy to see:** + +- 5m market cap + +- As of writing this the price is $0.070 USD + +- Total supply of 130,000,000 OPCT + +**Opacity AMA takeaways:** + +- Seems the CEO, Jason Coppola, got screwed by the ledger leak and is very against having personal information available due to receiving home invasion threats. + +- Announces new people on the team. New developers, new marketing person. + +- Cloud storage provider - only real competition is siacoin. + +- Big focus on anonymity. No personal identification will ever be asked. + +- When asked about reaching out to companies Jason said definitely but that they want everything to be more stable and user-friendly first. + +- Trying to be more consumer-sided with the mobile app to increase user engagement and involvement. + +- Was added to Uniswap in January so this coin is relatively still new (to most people I assume). + +- They added a lot of liquidity from the companies share of the developer funds (a few million $OPCT) as well as ETH from Jason. This was to reduce price gap and prevent 1 ETH changing the price by 10% to about 2% (which I think is even lower now). + +- You can stake $OPCT in the future, part of the decentralized system if you are a storage provider. They will look into possibly opening it to non-storage providers, but no guarantee. + +- Rather small user base currently, ~2,500 of active accounts for the past year. Hoping on the mobile app to bring in more people. + +- Plan on letting storage nodes set a price to create a competitive market. One can do 1 terabyte for 50 cents while another does 1 terabyte for 49 cents. + +- Plan to start development on the decentralization as soon as the whitepaper is done. Don't want to wait long. + +**Claimed strong points:** + +- Really secure protection for identity + +- Strong encryption on files + +- Shard the files + +- Framework is in place to support the structure of a secure data platform as well as identity protection + +- Nobody has taken the lead in the market, Opacity is more user-friendly which makes it easier for people not familiar with crypto to jump into it + +**Claimed unique selling points:** + +- Brings up the privacy part again. + +- Doesn't ask for information and focused on not tieing metadata or files to the user. + +- Once uploaded and encrypted its no longer connected to you, not even if they got access to the file through +encryption. + +- Doesn't say where it came from, or who it came from, the information just doesn't exist. + +- Identity protection that nobody else really offers. + +**Claimed next big milestones:** + +- There is no road map (This isn't a milestone, but they mentioned that there isn't one so I figured I should bring it up. They also didn't really say if they're planning on making one.) + +- Getting through the draft copy of the whitepaper for decentralization + +- Revamp of the website and web-app. More modern, better UI. Showing progress of files uploading and downloading, and just general better user feedback. + +They actually showed off the UI and a bit of the whitepaper. The UI started at 15:43, and the whitepaper started at 20:16 for anybody that's interested. + +**Woke up and saw some messages in telegram from an admin - so here are some things to look forward to:** + +- Web updates coming in March + +- Mobile app coming (most likely) in May + +- Whitepaper is almost final + +[There's a lot to take in, I suggest watching the AMA yourself but $OPCT seems like a genuinely good investment imo.](https://www.youtube.com/watch?v=FZRC8pdWA2M) + +Edit: added dextools, clarified the $0.07 meant USD, added etherscan + +Edit2: Just a heads up, I learned recently that $OPCT used to be $PRL. With the old founder or CEO (Bruno Block) behind bars (with the team also pursuing that to happen), and a new CEO (Jason Coppola) running the project I don't think there's much to worry about, but I also think it's fair to new investors to be fully aware of that. + +Edit3: Added their telegrams +For kids presumable too young to work (Junior high school uniforms) what allowance do you give for them to afford $50-$60 per week just for morning frappes or coffee. My kids are about to hit high school and I presume we might soon be underpaying comparatively. +[Original post here](https://www.reddit.com/r/AusFinance/comments/k0zlhz/did_i_just_get_scammed/) + +tldr of the original: We "Won" a "Prize" of a free brunch and a $200 gift card, but to get it we had to pay $20, which they would give back to us at the brunch, and also sit through a presentation about an investment opportunity. Red flags everywhere, but decided to go through with it. + +Now for the update; (bit of a long one sorry so a tldr at the bottom) we showed up with absolutely zero intentions of investing in anything or giving these people any of our money. Walked in the doors, handed the receptionist our invitation and she gave us our $20 back right there and then. So that was good. Then out came this crusty old man being overly nice and friendly, chatting to the kids (we have 3 kids), telling us we look far too young to have 3 kids already, etc, etc. + +They ushered us through to the kids area. It was a pretty decent set up with Wii's, colouring, movies, loads of toys and some snacks and juice already out for them. The kids were not going to have any part of the presentation at all, they would be staying in the kids room with a full time "sitter" who we were able to meet and speak to for a while before we left the kids. We were only 10 meters away in the next room and the kids could ask to come to us whenever they wanted and vice versa. + +We then went to the presentation room. Basically five small tables, one for each of the lucky prize winners, each with a spread of food on it. Some cheese, crackers, various sandwiches, fresh fruit, biscuits, juice, water, tea, coffee, etc. Nothing fancy. We sat down and (unexpectedly) the crusty old man sat opposite us and he got to business. + +He asked how many houses we own, how much equity we have in it and how much money our house currently earns us. Obviously it earns us nothing, but then he told us that if we had an investment property we could earn a heap of money. (WOW!) He explained the very basics of property investment; you buy an extra house, rent it out and make money (duh!). Turns out this whole thing wasn't anything to do with timeshares, they just straight up wanted to sell us whatever property this Aniko group build. He spoke about how it will be nearly impossible for our children to be able to afford a home of their own, so we need to help them out by buying investment properties now. He also said that superannuation is useless, shares are useless and property is the way to go if we ever intend on retiring. We just nodded along and let him run through his script. After 5-10 mins he stood and left us to have our food. + +I scoped out the rest of the room and there were 4 other couples there. All of them still seated with their salesperson getting there little intro that we just sat through. We must have done the best job of showing our disinterest as all the other salespeople were still chatting away happily. + +Soon after, when all the salespeople had finished, the presentation began. Some bloke who had apparently worked in radio and media for over 40 years (never heard of him) took the floor next to the big projector screen and off he went. + +It was very rudimentary stuff, going on about retirement, how much one needs to comfortably retire, how much mortgages and kids cost, etc. Just real basic stuff saying how hard life is to get ahead. + +I saw straight through his BS, he was saying that people need $95,000 per year to comfortably retire, which is very high. He was using BS stats such as saying the average rate of return on super is 3% so it's useless. The share market went way down earlier this year so people lost a ton of money therefore it's useless. Having cash in the bank gets you nothing at the moment so it's useless (well that part was accurate). BUT investing in property is a gold mine! You just use the equity in your current home, buy an investment property here on the Gold Coast and, at worst, your tenant and the taxman picks up 90-95% of the bill but usually you make a heap of income every week! He used very basic figures like - borrow $400,000 for an investment property, this will cost you $300 per week and you charge your tenants $400. Bang! $100 a week for the rest of your life. With that $5,200 per year, put it onto your original mortgage, build up more equity and do it all over again until you have 3 investment properties. Never mind the stamp duty, tax, maintenance fees, rates, insurance, etc, etc. Just make all that money! + +He also went on about the cost of living and retirement and other super basic finance things. He got plenty wrong in my opinion and I'm sure he saw it on my face. + +Also, I spent about a quarter of his presentation on my phone looking at reddit. I only stopped because the missus thought it was rude. + +He finished by showing two short videos; one was a news story from late last year on Channel 7 about how this Aniko group have started construction or received money for construction or something. Then the second was basically a tourism ad for the Gold Coast. + +The whole presentation went for maybe 35-40 mins. Much quicker than I was expecting. And so far they hadn't really pushed anything on us at all. Just trying to plant seeds I guess. + +Once it was over crusty old man quickly sat down in front of us again with some paper in his hand. "Ah" I thought, "Now here comes the sell". But really all he did was just quickly rehash what old mate said in the presentation. We let him go for maybe 10 mins, all the while I was doing my best to show I was really not interested; lots of sighing, looking around the room, checking my phone, etc. I really wanted to just cut him off and say, 'sorry mate, not interested at all. Can I have my gift cards now?' But I didn't want to be an asshole. + +Eventually I did cut him off and say that our current plan is to upgrade to a bigger house as ours is no longer big enough for our family, so an investment property is a good decade away. We have other investments that are doing well and we're happy with how we're tracking. He reiterated for the 16th time that he just wishes he done it when he was younger like we are now and that he didn't start until he was 52. But now he has 2 investment properties and makes a ton of money out of them. + +We stood, said goodbye and made our way to the kids room. + +The kids were happily playing and had been having a good time. + +We went back out to the reception area, signed for our two $100 gift cards, said goodbye and walked out of there a little over an hour after we walked in! + +The missus and I both agreed that it wasn't that bad and was totally worth it for the $200, but that the food was pretty rubbish. + +Overall I didn't think it was much of a "hard sell" at all. They simply talked about super basic stuff for a while and almost never even mentioned their brand name - Aniko. The only time I heard it was around the news story video. All they really spoke to us about it how great property investment is and how hard life is if you don't have a few IP's to your name. + +BUT + +I'm sure if we had shown any interest it would've been a different story and they would've been talking themselves up and trying to sell us one of their units or houses or whatever. On my way out I did see a salesperson with another couple and they had an official looking form in front of them with names and numbers all over it half filled out. I hope they didn't get roped into anything. + +Going to bed now and will try to answer any questions tomorrow. + +tldr; Sat down for about an hour and listened to old people talk about property, finance and retirement while eating mediocre food. Left with my $20 cash refund and my $200 gift cards. +I am trying to find the most consistently INNACURATE daytrade bot that is so shitty that it loses like 80% of the time. So when it says go Long I go short and vice versa. anyone create a disaster bot ? +(This is intended as helpful info and not as a promotion for the event) + +* Morningstar organizes annual Investment Conferences +* The presentations are a bit advanced and could be useful for experienced investors +* The event is free this year, and of course virtual +* More information at: [https://www.morningstar.com/en-in/events/mic](https://www.morningstar.com/en-in/events/mic) +https://www.livemint.com/news/india/hacks-for-investors-in-a-stalling-economy-11570522743818.html + +Thoughts on this article? The author has stated unequivocally that he doesn't believe in the "India growth story" - atleast in the medium term - and has made some recommendations. + +I liked the inference that one should buy the dollar and invest in the US. Don't think investing in VCs makes sense for the average retail investor though. +Most of them uses free float market cap or total market cap. What are the alternate ways to create an index which closely resembles the Indian economic scenario? 1 could be keeping upward sector cap by contribution to GDP. Like if banking and financial sectors GDP contribution is 30 percent. Weightage should not exceed 30 percent in the new index. +I'm investing heavily in single stocks, especially company stock. It's up over 12 times since I got my first shares 9 years ago, so I'll keep at it for the foreseeable future. + +Paid off the mortgage sooner: peace of mind is better than theoretical returns for us. + +No strict budgeting: we save a big portion of the income automatically, so whatever is left can be spent on anything. We don't track any expenses, I tried it for a few days and it was too much work. + +End game is real estate and not S&P 500. Currently 5 properties would make us FI, 7 would be optimal for redundancy but we're aiming for 10 total properties because you never know what extra expenses you may have in the future and once I FIRE, I won't be working for money ever again. +To my surprise, my parents gave me 2 old stock certificates belonging to my grandfather and great grandfather. + + +I have no idea what to do with these or if they are worth anything. Also the one is confusing because it says that he bought one stock but also says my great grandfather bought $15,000 of stock at $10 per share so I don't even know what to make of this. + + +[Removed pics] + +Update: I'm bad with updates but I sent copies of the certificates to my bank and they are looking into it! + +UPDATE: https://www.reddit.com/r/stocks/comments/oo2kqf/update_last_week_i_posted_that_my_parents_gave_me +Hi Guys, I am an 36 year old single mom of 2 girls that has been struggling to make ends meet lately. + +Details: + +I make $16.50 an hour as an Office Manager in S.FL + +Rent is $1400 + +$60 for internet and cable + +$365 car insurance (I am currently looking for a lower quote, but don't think that I will have the down payment that they will ask.) + +$279 health (my company does not provide health insurance, so I have to pay on my own for my kids and I) + +$120 cell phone + +$340 a month for child care + +Not to mention groceries and pull ups for the toddler (I try to keep it under $300 a month) + +My youngest one's father was giving me $150 a week, but he had a terrible car wreck in March and he is currently rehabilitating so he is unable to work as a truck driver and hasn't been able to give like he used to. + +With all this, I always seem to end the month in the red and feel like I am drowning with no where to go. I spend my nights and free time at work looking for employment that pays more, but haven't been having any luck! + +Any advice would be greatly appreciated. +Currently in a decent position with a team that I like to work with. Not necessarily unhappy with my salary, but the recent increases to my salary is just under inflation (5%) and I see constant talk of "get a new job to get a raise". Do people not ask their existing employers for a raise anymore? I am assuming those who are underperforming probably won't get one, but just wondering if people don't bother anymore or something? The thought of applying for jobs, going through training, and then maybe finding out that the old position was a lot more relaxed and flexible, is frankly kinda daunting. +It's tax season so this was on my mind recently and I figured I would socialize it here. + +The wife and I have a portfolio full of single family rentals. Every year while doing taxes and especially while calculating depreciation it dawns on me that the longer we have this portfolio and the more we depreciate it we eventually get to a point in time where financially it makes a lot more sense for us to die with the portfolio and hand it to our children who will get a step up in basis upon our death rather than liquidating it and turning the portfolio to cash and then passing a big cash account or investment account to our children. + +We have a few more decades before we die but I'm starting to realize that the longer we are in real estate the longer we are stuck in real estate unless we want to eat a huge tax bill. + +Curious about other people's strategies around this long-term and what you plan on handing off to your children? + +Thanks! + +**EDIT**: for those that keep suggesting a 1031, it’s a tax deferred strategy not a tax elimination strategy. + +Your tax burden is maintained no matter how many times you do a 1031 from smaller properties into bigger ones. If you depreciate it $100,000 off of one property and 1031 the sale into another property your depreciation the new property will start $100,000 lower. + +You carry your depreciation forward. + +So going back to my original question given the fact of the depreciation just grows and grows until you finally take the investment to cash and settle up with the government, it really seems like the longer you are in real estate the longer you need to be in real estate to keep postponing that huge settlement. When you die your assets get their cost basis reset, all depreciation wiped and the asset passed to heirs. + +My question is really directed at the investors that may want to take their real estate portfolios to something other than land before they pass away. The way I currently see it there is no way around not settling up that huge tax burden. + +**EDIT**: This has been an AWESOME discussion, thank you all! + +**BONUS TIP**: After dying and passing RE assets along, the heirs not only get the cost-basis stepped up to the new market value at the time of passing, but the depreciation clock fully reset on the property - meaning they can begin depreciating that property like-new from that day forward on their own taxes. ([source](https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-ve-inherited-rental-property-that-was-being-depreciated-how-do-i-handle-past-depreciation-the/00/668383)) +First off, before I begin... Verge is a shitcoin. + +What problem does it solve better than any of the top 10, what is it's purpose, and why is it worth what it is worth? + +If you can't answer these questions honestly, then it is in fact... a shitcoin. + +Now, besides all that, the coin was literally hacked last week, and the price of it was actually still going up... in a fucking bear market. Now come on, even if you jerk off to this coin, and spread its greatness all around the interwebs, even you have to admit that it's a bit fucking suspicious right? + +Then, the sole developer, living in his moms basement, allegedly, with a bit too much hair on his neck, allegedly, has the ball to tell his community, that he will release news on the "biggest partnership in cryptocurrency history" if... you give him millions of dollars.... to pay his taxes... allegedly. + +And then he goes ahead, and changes the big announcement date to the 17th of April, which so happens to be the exact day all United States taxes are due... coincidence? + +I mean I wish I was making this shit up people, but are people really this fucking dumb, or is the developer actually being trolled himself, and these so called investors are actually just 4Channers waiting to pump and dump this thing like nothing ever seen before? + +That's the only explanation I could come up with, that or the whole thing is being manipulated by team McAfee, hence the original push... what say you guys? +Now is not the time to buy Canadian banks, analyst says + +https://www.bnnbloomberg.ca/now-is-not-the-time-to-buy-canadian-banks-analyst-says-1.1325303 + +Huh + +First and foremost, rules; if you do not have rules, or have them written, i HIGHLY suggest writing them down and reading them before every trading session. An optimal trader is a disciplined one. + +My rules + +1. Do NOT trade while tired +2. No trading in bed +3. Trade only your A+ setups (reversals) +4. Morning routine must be completed +5. NEVER let a winning position go red +6. The trade MUST be planned before entering +7. Market prep (watchlist, plan the day) +8. Use proper risk management/size +9. If you get emotional, take a 1 hour break +10. Do NOT trade chop +11. Do NOT trade during live events/speeches + + +PAY YOURSELF + +It’s important that while we collect and make profits, we pay ourselves regularly. Heres my system; + +I currently take out 60% of my profits at the end of the month(sometimes every 2 weeks), 40% goes to savings/taxes for next year, 10% for long term crypto positions, and 10% for long term stock positions. The rest of the profits i leave in the account to continue compounding + +This avoids you blowing up your whole account or losing all your yearly profits with nothing to show for it + +Comment below with your own practices and rules! For those who have none, take notes! +Hello personal finance, + +I’m a 24 year old that has recently gotten into the field of medical sales. I’m bringing in about $200,000 per year (commission and base) at my currently company but the hours have been brutal and I’m quickly burning out - I’m talking 55/65 hour work weeks. It has gotten to the point where I’m getting panic attacks on a weekly basis. + +I have been doing my research and several smaller companies in the area have openings for similar jobs paying around the $120k range (commission and base). I have had a 2 interviews with two companies, each one with zero OT required and closer to home by about 10 minutes. + +With being so young, do you recommend taking the pay cut and going with a company where I would be working less and has a much more relaxed atmosphere? + +Monthly expenses +- $1400 rent +- $100 utilities / subscriptions +- $800 car +- $1000 food and entertainment +- $100 student loan repayment + +I will also be maxing out my 401k contribution and Roth IRA in either scenarios. + +Thank you for the help! +I'm watching a random video on youtube and the guy is talking about bookmap. I'm looking at the screen grab below and I think to myself, Is all I need to do is just wait for the huge green or red bubbles and trade accordingly? If that was the case, I wouldn't even need to do any thinking. Just blindly follow the big color dots. So then I went to google images to look for more screen grabs of bookmap and the images I saw there didn't look anywhere near as convincing as the image I saw on youtube, I did not think I could blindly follow the big color dots from the images I saw on google images. Anyway, thoughts? Also how much is the all in cost if I were to use it with Thinkorswim? I saw that it's $40, then I read online about a data fee, but I was a bit confused about if that was free with TOS or not. + +&#x200B; + +https://preview.redd.it/ozo5lty99ar91.png?width=1920&format=png&auto=webp&s=b39ee42997c5da0a72601643379c85e5e29b1dfb +Given the 6.2% YoY CPI reading that came out today I looked at the relationship between the Fed Funds Rate and CPI. This is the largest gap between interest rates and the inflation rate in the modern era. Basically saying, savings accounts will lose you more purchasing power than ever given the low interest rates and high inflation. I think this is why people are feeling unsettled, there has never been a time where it has been harder to safely protect your capital. I think investing in index funds is the right approach, but still noteworthy! + +Exhibit A - relationship between Fed Funds Rate and CPI YoY Rate + +[https://imgur.com/a/bBqevXX](https://imgur.com/a/bBqevXX) + +Exhibit B - Difference between Interest Rate and CPI YoY Rate + +[https://imgur.com/a/v5W5NnE](https://imgur.com/a/v5W5NnE) + +Sources: + +[https://fred.stlouisfed.org/series/FEDFUNDS](https://fred.stlouisfed.org/series/FEDFUNDS) + +[https://www.bls.gov/cpi/](https://www.bls.gov/cpi/) +I have been working for 5 years and did at least 10-20% for savings. And now I want to put some of those savings to invest for three main reasons. One is to help the family out and second so that it won’t slowly lose value due to inflation and three, it goes to retirement. + +It’s been 5 years and still I don’t have much savings to even help. A 9-5 job just ain’t enough especially with prices going up and salaries still staying the same and having very little increases. + +Although I won’t be telling my family and friends about me investing in crypto. In fact, I've only informed a few close friends that I work with cryptocurrency. When someone inquired if he should invest, I told him there was a lot of promise, but made them aware that just like stocks, you might lose everything on a whim. It's as easy as that; they'll be aware of the danger and won't hold me responsible for any losses. + +I was debating a price goal to make a small profit, but couldn't make up my mind. Now that I know, I'll simply hold on a little longer. Although I am not stupid to go YOLO all the way and use up all my money for it. + +For those curious, I am staking it on [Binance](https://www.binance.com/), [Coinbase](https://www.coinbase.com/), and [Haru Invest](https://haruinvest.com/). Planning for [Rocketpool](https://rocketpool.net/) soon but if you guys could give me some insights on other platforms, that would be great. + +I'm not investing this money in ETH, BTC, or any other cryptocurrency merely to buy a new vehicle or whatever. This is for my retirement and to assist my family. I do this to supplement my income and invest in cryptocurrency. If a bear market occurs in 2022, I'm fine with it. I'm not interested in 2022; I'm interested in the next decade and beyond. + +My Lambo, my house, my pool.. they can come later. Family comes first. Yes, they don't exist yet, but they will be once priorities are done. +I have been working for 5 years and did at least 10-20% for savings. And now I want to put some of those savings to invest for three main reasons. One is to help the family out and second so that it won’t slowly lose value due to inflation and three, it goes to retirement. + +It’s been 5 years and still I don’t have much savings to even help. A 9-5 job just ain’t enough especially with prices going up and salaries still staying the same and having very little increases. + +Although I won’t be telling my family and friends about me investing in crypto. In fact, I've only informed a few close friends that I work with cryptocurrency. When someone inquired if he should invest, I told him there was a lot of promise, but made them aware that just like stocks, you might lose everything on a whim. It's as easy as that; they'll be aware of the danger and won't hold me responsible for any losses. + +I was debating a price goal to make a small profit, but couldn't make up my mind. Now that I know, I'll simply hold on a little longer. Although I am not stupid to go YOLO all the way and use up all my money for it. + +For those curious, I am staking it on [Binance](https://www.binance.com/), [Coinbase](https://www.coinbase.com/), and [Haru Invest](https://haruinvest.com/). Planning for [Rocketpool](https://rocketpool.net/) soon but if you guys could give me some insights on other platforms, that would be great. + +I'm not investing this money in ETH, BTC, or any other cryptocurrency merely to buy a new vehicle or whatever. This is for my retirement and to assist my family. I do this to supplement my income and invest in cryptocurrency. If a bear market occurs in 2022, I'm fine with it. I'm not interested in 2022; I'm interested in the next decade and beyond. + +My Lambo, my house, my pool.. they can come later. Family comes first. Yes, they don't exist yet, but they will be once priorities are done. +Hello investors! + +I have a co-worker who is at the wonderful age of 65 who is looking to retire but has never invested on his own before. + +He was able to accumulate 100k through company RRSP's + +He doesn't have much other than that that I know of + +I want to help him because he doesn't seem his cheerful self as he is so lost on what to do and can't stand working anymore, but doesn't use social media. + +Does he have any chance to live comfortably without working? If so, where should he allot his 100k? ETFs? High dividend yield stocks? REITS? Thanks for any input it will be greatly appreciated! +I've started saving recently and beginning to invest and before that I'm making some emergency funds. What are some emergency fund instruments present which are highly liquid and provide a return of 7-8%? + +I should be able to withdraw it in case of emergency and should take a maximum time of 24 hours to come into my bank account. + +Thanks. +I recently read that Paytm is moving its MF to BSE and to continue investing in I have to create a Demat account . [Source](https://www.financialexpress.com/market/paytm-to-stop-selling-mutual-funds-directly-move-investors-to-broking-heres-what-happens-to-your-purchases/2584815/) + +I am a NOOB when it comes to financial services and investments so I went with PayTM money and recommended my girl friend to do the same. Since she is working in a banking company she is not allowed to open a DEMAT account now what will happen to the existing investments ? +I clearly understand that we cannot continue investing without an DEMAT account , But can we still track and withdraw the existing funds ? + +Is it possible to transfer it to other platforms like Kuvera ? Can we still manage the funds from AMC ? What can be done about the ELSS funds which have a 3 year lock-in period? +I have terminated my rental agreement in my work location and work from my hometown. I wanted to know if its all right to claim HRA exemption for renting a property in my hometown. The payroll folks in my company are refuting, claiming its not allowed as per company policy. Do I need to claim it in IT Returns? I tried finding more on my own, but found no credible advice. +Hello everyone, +I work as a veterinary technician in Washington State and have been working full time in my field for 3 years now. The small animal clinic I'm currently at I've been working at for 14 months now and haven't had any problems until about 1 month ago. 1 month ago we got a new manager who every single week once I've hit 40 hours asks me to clock out but stay and continue to work. Every time he has asked me this I've told him I have no problems with working extra hours but I won't stay and work without pay. I've already brought this up with the clinic owner and she has taken no action and has only claimed she would talk with him. I've brought it up with her twice now the last time being about a week and a half ago. I assume she has yet to take any action because he continues to ask. When my manager asked if I would stay and work (yes, without pay) after hitting 40 hours earlier today he seemed visibly upset after I said no. Which is making me start to wonder if my job is at risk because of this. I've already contacted and sent my resume out to other possible employers to prepare for a worst case scenario but I was wondering if anyone else has been in a similar situation and has any recommendations on what I should be doing differently. +Wife has 118 118 Money credit card, not often used, only conveniently. I recently realised there is a fixed monthly fee of £18 (instead of interest and other fees). + +Have told her that's a silly fee to be charged each month when the balance is often below £50 and more often than not £0. + +Anyway, if she clears small balance and closed the account with them, will it have any negative short comings regarding credit file (planning on mortgage in next 20 months) + +As always thanks in advance UKPF +I commute about 1.5 to 2 hours into the city via train to save $ on petrol. + +I usually use the time for meditation, reading, writing music and other hobbies. + +But I was curious, what good side hustles could I use those 3-4 hours a day on? I was looking at surveys since I'm mostly on my phone anyway but most survey apps have awful reviews. + +What do you think? + +Thank you in advance +The UK Government just stated they aim to make UK a hub for crypto asset. While it does seem like its more oriented towards stablecoin regulation, there are some interesting takeaways for defi too. + +First, they aim to bring stablecoins under regulation, so it can be used as a form of payment! This is massive for the entire crypto space! Imagine if you can spend USDC and possibly GBP stables straight from your wallet on e-commerce websites, travels, and even instore shopping? It could be a game changer for crypto adoption. + +> Stablecoins to be brought within regulation paving their way for use in the UK as a recognised form of payment. + +On DeFi: + + +> The UK government will explore ways of enhancing the competitiveness of the UK tax system to encourage further development of the cryptoasset market in the UK. It will review how DeFi loans – where holders of cryptoassets lend them out for a return – are treated for tax purposes + +Treating defi loans has been tricky, with some countries like Sweden even considering defi loans as a capital gains tax event. (For example, if you borrow stables from crypto, it is treated as if you sold the crypto. This is by far the worst treatment). Friendly regulations here could grow the crypto market in the country, as users can take loans from defi protocols without it being considered as a tax event. This in turn could spur the economy, as the money borrowed from defi can be used in regular economic activity. + + +Chancellor of the Exchequer, Rishi Sunak said: It’s my ambition to make the UK a global hub for cryptoasset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate and scale up in this country. + + +Overall, the move seem positive and the full proposal is much awaited! + +https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub +London (CNN Business) - Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into recession, the bill could come due — exacerbating damage to the economy and feeding a meltdown in financial markets. + +Looking to take advantage of low interest rates, companies have rushed in recent years to issue bonds whose proceeds could be used to grow their businesses. Corporate debt among non-banks exploded to $75 trillion at the end of 2019, up from $48 trillion at the end of 2009, according to the Institute of International Finance. + +As the coronavirus spreads — touching off a plunge in oil prices and a collapse in travel, and shutting factories from Italy to China — there is increasing alarm that companies in the energy, hospitality and auto sectors won't be able to make their bond payments. That could trigger a spree of ratings downgrades and defaults that would further destabilize financial markets and compound the economic shock. + + +Continue reading: https://www.cnn.com/2020/03/14/investing/corporate-debt-coronavirus/index.html +Yes, atobitt's house of cards DD is depressing as fuck. Yes the system is way more corrupt than anyone could have ever imagined and yes, a lot of major players are illegally suppressing the squeeze. That being said, I remain more confident than ever. + +* If the squeeze wasn't going to happen, shills wouldn't be here. They wouldn't be here telling you to sell. They wouldn't go around bribing mods or influencers. They wouldn't try to phish your broker passwords. They would just leave us to ourselves. + +* If things were going so great for hedgies, hedgies wouldn't need to be holding emergency meetings at 3am on a Saturday. They wouldn't need to be bailing out other shorters or suddenly issuing bonds. Also, why is Melvin not picking up their phones? Could it be that they've already gone bankrupt? + +* This isn't Retailers vs Wall St. This is Retailers and a part of Wall St vs another part of Wall St. Don't think you are going up against a behemoth all by yourself. There's a lot of major firms who are betting on the squeeze such as Blackrock and Ryan Cohen. Furthermore people from ALL OVER THE WORLD love the stock. It's not just us Americans who love the stock. There are more people who want the squeeze to happen and less people who don't want it to happen. The majority will win. + +* Kenny G has so many lawyers but still managed to hurl during the Congressional hearings. Does that look like a winner with nothing to hide to you? + +* The Government stands to lose more by supporting the shorters. Did any of you guys check out the capital gains tax? Depending on your state, it's anywhere from 35-50% total (lol California). Uncle Sam will gain as much as ~40% profits from all American retailers during the squeeze. That's a lot more enticing than letting a few firms who dodge taxes to collect it all. The current administration (shut the fuck up about politics) would love to have access to more cash to finance their goals and reforms countrywide. Honestly who could say no to free cash? + +* Again, if you are worried about the government siding with Wall St for some quick bribes, I don't think you understand just how easy their decision is. If they ground the rocket, then millions of people instantly lose faith in the stock markets. Millions around the globe. Everyone will just yank their cash from a crooked system and say fuck you. The stocks will tank WAY HARDER if Shitadel wins and that's not something they want to do if they want to win reelection. + +* If you're worried about the crash - it's not the first time and it won't be the last. The squeeze will happen, a bunch of firms will disappear, the taxpayer will once against bail out the country for the recklessness of Wall St and life will go on. Obviously the Fed will drive up the GPU demand to make their money printers print faster but life goes on. + +* Do you guys realize the original bet was that GME would go out of business? We are way beyond that. All debts have been paid off. Dividends are coming. Plans have been made. The team is assembled. It's happening RIGHT NOW. Ryan Cohen along with ex Google and Amazon board members are going to transform the company into something HUGE. E-shop, same day delivery, computer hardware, rentals, the list goes on and on I can't even keep up. The video game industry is LARGER than MOVIES AND SPORTS combined. Cohen will triple what he did with Chewy. Fundamentally this is a $500 a share company WITHOUT the squeeze. + +* The dominos have already BEGUN TO FALL. Archegos was the first. Now the rest are preparing for it. Forget about T+2. The squeeze could happen tomorrow, next week, the month after, or the year after. Time is on our side. BE PATIENT, grab the popcorn and laugh at the shills. + +And as always, remember to jack off. I'm not a financial advisor, I love crayons. +Hey everyone, + +I’m a young guy, and I’m going to start my full-time job at a huge company. + +I want to invest while I work in my job and slowly grow my earnings, but I am worried about my work hours, since they fill up the regular trading hours the whole week (8-6 Monday to Friday). I want to be able to do really well this first year, and I don’t want to set a bad impression by placing trades in the middle of work, and checking on my account when I’m supposed to be working. + +How do you guys trade on a full-time job? And if you do, do you know any good risk management techniques to conserve losses and maintain your trade the next time you are able to open your account? + +P.S. for reference, my usual strategy is to see which industry is performing well, what company has strong support, and buy into an option until the end of the day, where I sell out. I know I can’t do anything like that at work, but is there a less risky strategy where I can conserve money like this? +There is something which I have never understood in Economics, who are the wealth creators in society? + +In a service sector economy like Great Britain there are lot of business services companies which help make things more efficient (consultancy), add things up (audit), help sell more (marketing) etc. + +However, from what I can tell they don't actually create wealth? Suppose I am the owner of Debenhams (UK version of Macy's), I hire a consultancy to make a more efficient supply chain, auditor to keep finances in better order and marketing agency to sell more goods. + +Hopefully, I have therefore: + +1. Cut costs +2. Understand my company finances better +3. Sold more items + +But have I created wealth? For myself yes, but for the economy? + +All I can see is that my actions, if successful, would bring me greater market share & revenue by depriving the other companies who have not made similar successful actions as me. + +TLDR: How is wealth created (not accumulated from elsewhere) by individuals/organisations in a service based economy? +Hello everyone! Hoping you are having a nice day! + +So i need some help and advice. I'm 25, i live in the Baltic states. I've lost my job a couple of months ago because of the pandemic, at first it wasn't too much of a big deal, i had money saved up so i should have had enough to last me up to 6 months. But obviously when you plan something, it doesen't work out.... My grandmother died last month and i had to obviously get money for the funeral (which surprisingly cost more than i expected). As well as i can't find a job, even though i've sent so much applications. Day by day time passes, i try to freelance as a computer technician, and at first i got a bit of money for that, but at this moment i am at home, 7 euros in my wallet, with my car needing mandatory check up on wednesday (which will cost over 100 euros). And a 100 euros is insane money for me right now. And i also need to pay rent in about 2 weeks. And for the first time in my life i feel i have hit rock bottom. With time definetly not on my side, and having barely enough money left to buy food i turn to you guys. Maybe someone can offer tips on how to earn a bit of cash? Im good at computer repairs, i have posted ads on messageboards, i have printed out sheets with ads that i repair PC's, but it's not doing much for me at the moment. I really have no other choice that to ask for help from smarter people on the internet. If someone wishes to help me out a tiny bit, obviously i would really appreciate that a lot (even 1 euro buys me bread and some meat), but i don't expect that. I just really don't want to end up on the street, so ANY help is REALLY appreciated! + +Thank you for your time, guys! +I'll be moving around the EU a lot in the next few months (up to 1 year), so I'm closing down my main bank account because it's too much hassle with physical addresses and having to do certain requests in person. I also won't have permanent residence registered anywhere for a while. + +In terms of balance, it's gonna go up to 10k EUR. Card payment and cash withdrawals are the usual on a daily basis (30-50 EUR payments per card or larger 100-200 EUR cash withdrawal). + +Anybody in a similar situation, which one did you prefer? + +Revolut has accounts with monthly fees (for larger cash withdrawal options), whereas TW simply charges 2% once you go over the monthly limit but the account is free? I didn't figure out what N26's fees for cash withdrawal in other currencies (since EUR is without fees) for the free account are, maybe 1.7% ? + +EDIT Thank you for all the good suggestions and sharing experiences! +Hey all!, + +So as the titles states, I've been living in the EU (specifically Poland) for about 5 years now. I have a pretty good job, stable income (even though it's "under the table"), but I have no idea how to handle my money. All I have a right now is a rainy day savings account. + +I'd like to know what are the best first steps to not only gather information as to how to handle my money in the EU but also where to invest or what or what accounts to open, etc, etc. + +Really, any kind of basic advice for a beginner would be greatly appreciated, thanks! +How would you invest $100,000? My gut says most of you will recommend buying a multi-family, but inventory is limited in my area. There are plenty of duplexes and single family homes for sale though. Thoughts? I could probably put 25% down for either 1-2 duplexes and 2-3 single family homes. I do not need the money at the moment. +Hi everyone, please can someone ELI5 why the pound is plummeting compared to the dollar. My weakness in economics has always been exchange rates so would appreciate someone going through why this is happening and what it means. + +For personal context, I live in the U.K, am paid in £, but work for a US company. +Firstly, this is not financial advice. Okay my good simian brothers and sisters, I see the shills plan F and they have been working hard to execute it. In order to understand how the infinity squeeze works and how shills are trying to kill it, you need to understand how fails to deliver work. Since we have been in this for many months now, I'm going to keep this relatively simple for ya. + +When a market maker doesn't have the shares on hand but sells them anyway, this creates "synthetic shares" (naked shorts, yeah) which if not fulfilled with real shares, creates a fail to deliver on the books. This is a big problem for shorts when attempting to close positions because a short position cannot be closed with a share that fails to deliver. This is why locking the float is so important, if the float is locked up in DRS then shorts cannot cover and it creates a FTD loop and supply/demand crisis aka MOASS. This is the infinity squeeze. + +Shills are TERRIFIED of the infinity squeeze and so they are doing the one thing left to them, their only move left on the chess board. Convince apes to sell them real shares from CS during MOASS. You hear tons of this shilling from all angles now - "Don't deal with brokers at all, Register 100% with CS! Its easy to sell from CS!" Now let me ask you something... If you register 100% of your shares DRS, then what are you going to sell during MOASS? Let me answer for you- Real fucking registered shares, right back into the hands of Short Hedge Funds. This is NOT THE WAY. + +What I have done is registered a large percentage of my shares in CS that i NEVER INTEND TO SELL. The shares I intend to sell during MOASS are kept in my Fidelity account. They have been the best friends of Apes throughout this battle and I feel like they deserve to hold my synthetic shares that I will sell back to SHFs. My DRS Computershare shares are my infinity shares which will KEEP the float locked. (KEEP the float locked, not lock it for 5 minutes then sell SHF's real shares back to resume fuckery... come on guys...) + +EDIT- TLDR - Registered shares from CS [are not held on the books of the dtcc](https://twitter.com/Computershare/status/1445478903070429184?t=FdTZYfkuSdItoXLbknmwnA&s=19) and so they cannot be used for crime. By unregistering them, (selling from CS) you give them real registered shares back they can use to "locate" synthetics again. (fraud/crime) + +ELIA5- By registering shares, you remove DTCC crime ability. By unregistering them, you give them their crime ability back. + +Edit2- A position can't be closed with a fail to deliver because... It fails to deliver. You get it? It's like the transfers from RH that are failing because RH doesn't have the security. They failed to deliver the shares. So... If it's not on the books of the DTCC, they can't "copy/paste" that share and it fails to deliver. + +That is all. This has been a public service announcement from BSD. +**What an Apexcellent Sunday!** + +**Nurse Mimi the medi-ape is here for your daily run down!** + +[That's right. Nurse Mimi will take your wife away from your wife's boyfriend. And take Citadel\/Shorts\/Bears out, all at the same time. How do she do it? She buys shares and lives in tendieland.](https://preview.redd.it/us7pxnme3av61.png?width=611&format=png&auto=webp&s=bc78fb5b8bcda5701f57bfd1b2ec3399441d4a25) + +&#x200B; + +[\*beep beepity beep\*](https://preview.redd.it/1e7ayxh24av61.png?width=634&format=png&auto=webp&s=066ae3ca71f71dc0473924df1966f83a39e52c8d) + +u/redchessqueen **Announced:** + +*Welcome new mods!* + +* [*u/pinkcatsonacid*](https://www.reddit.com/u/pinkcatsonacid/) *(standard permissions) - already added, our new anchorwoman, and all around awesome addition that has full support from the rest of the team* +* [*u/leaglese*](https://www.reddit.com/u/leaglese/) *(limited permissions) - generally a brilliant mind with legal know-how who will be helping with questions and DD across the subreddit* +* [*u/catto\_del\_fatto*](https://www.reddit.com/u/catto_del_fatto/) *(limited permissions) - general moderation* +* [*u/Cuttingwater\_*](https://www.reddit.com/u/Cuttingwater_/) *(limited permissions) - DD review and moderation* +* [*u/jsmar18*](https://www.reddit.com/u/jsmar18/) *(limited permissions) - DD review and moderation* + +***Update to Posting/commenting:*** + +*Starting tomorrow, we will be updating the automod's karma and age filter to the following:* + +* ***Posts - 60 days old, 500 karma*** *(prev: 30d/200k)* +* ***Comments - 30 days old, 250 karma*** *(prev: 7d/100k)* + +*Please note that award karma does NOT count toward this limit. You will need to make comments and posts on other subreddits to get your karma up.* + +[(1) CODE RED - Subreddit Weekend Update : Superstonk](https://www.reddit.com/r/Superstonk/comments/mx887u/code_red_subreddit_weekend_update/) + +**Warm welcome to all the new mods!** + +\--------------------------------------- + +\--------------------------------------- + +**Contents:** + +**Section 1- GME TA/Float Calcs** + +**Section 2 - HF's/Banks** + +**Section 3 - Motivation** + +\----------------------------------------- + +\----------------------------------------- + +**Section 1- GME TA/Float Calcs** + +\----------------------------------------- + +[**u/Mvxlacy**](https://www.reddit.com/user/Mvxlacy/) **Posts:** + +[TA of GME](https://preview.redd.it/l1jb956s4av61.png?width=1862&format=png&auto=webp&s=c4c46d37689fc639fadee5ee1c8497b1ce9cc3d5) + +\- Currently we are breaking out of a descending triangle to the upside and the price target for that is 348$ + +\- I then noticed if we hit the price target of 348$ we are creating a W pattern which has a higher high base. The realistic price target of the W pattern would be 476$ but a 560$ could happen as well! + +\- Currently volume overall in MA deviation rate, MACD and the volume bars is very low and stable which indicates a rise in Volume and Volatility soon. This can link to the fact that we are breaking out of a descending triangle. + +\- Soon enough with George Sherman stepping down as Chief Executive we can hope the next candidate can sustain GME as a company better than Sherman did. + +\- Last but not least, I have to mention the breakout to the downside price target which is 40$ however I think it is highly unlikely for that scenario to play out. + +[(1) $GME Technical Analysis (Repost from WSB) : GME (reddit.com)](https://www.reddit.com/r/GME/comments/mx7zj8/gme_technical_analysis_repost_from_wsb/) + +\--------------------------------------- + +[**u/Maleficent\_Original7**](https://www.reddit.com/user/Maleficent_Original7/) **Posts:** + +*"Now taking a closer look at the pendants themselves.* + +*When drawing a pendant I exclude the overextensions of the stock and focus on confirmed trends. In Figure 2 the resistant line is very clear leaving me with high confidence in it's position.* + +*The dashed support is at a minimum, a very heavy support line that hasn't been broken after February unless GME was oversold.* + +*The solid yellow support is difficult to define with only two solid contacts and the stocks tendency to hug the resistance. However the two points it does contact have a strong correlation.* + +[GME TA](https://preview.redd.it/s9idf80a5av61.png?width=547&format=png&auto=webp&s=fb1a849100a7655acb0909fd12b3e36612aed552) + +*Assuming the validity of the triangle, how high should we expect the stock to jump when the break the pattern?* + +*Using a starting price of $4.20 and a peak of $420 we can expect the price to reach upwards of $800. Typically the rally is a little less than the increase of the runup. If you are a believer in Fibonacci, I would tell you that $680 is more likely.* + +*The ONLY way to confirm the pattern is to see an increase in both price and volume. Due to the longer than average length of the pendant, without a significant push the pendant's prevalence will fade and should be looked at as a consolidation moving forward. We are nearing the end of the pendant and that is exciting, however I think it is far more likely the resistance line will continue to persist without a catalyst. "* + +**ELIA: we might break out of big triangle and go up. But triangle is very big so we need more volume.** + +[(1) Pendant Technical Analysis : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwp2gy/pendant_technical_analysis/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/gherkinit**](https://www.reddit.com/user/gherkinit/) **Posts:** + +*"We are definitely in or moving into a zone of low volatility that favors a Bullish move. This allows long whales to set up potential gamma squeezes. It allows opens an opportunity for retail to leverage their positions. This looks promising ideally it would be a little bit lower, but it looks to be low enough for a move.* + +[ These plays require a lower implied volatility \(IV\) in order to be possible, as it drastically lowers the price of options. ](https://preview.redd.it/6ktluff8cav61.png?width=1101&format=png&auto=webp&s=bd507a1ef4aebd7a6978fb9769879734e9e04293) + +*This is a manipulated stock, in that sense technical indicators are only as good as the extent of the perceived manipulation. So if we account that our breakouts to the upside tend to have heavy short pressure (although I do believe that short pressure to be much weaker than it was in February or March, more on this later) applied we can look at this formation like this. "* + +[ Breakout manipulated short pressure applied Bull Run \(Moon? possibly\)](https://preview.redd.it/myv97n3hcav61.png?width=1303&format=png&auto=webp&s=e4edc78969efd68b18527f0a64762200c3235958) + +**Green pickle tasty. Like green crayon but saltier.** + +[(1) What's Coming, Some DD for the week of 4/26/21-4/30/21, Crayons, Charts, and Future Predictions : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mx8nit/whats_coming_some_dd_for_the_week_of_4262143021/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/Cuttingwater\_**](https://www.reddit.com/user/Cuttingwater_/) **Posts:** + +*" With extremely low volumes 💎✋ this week and 2 of the last 3 days ending within $0.01 of the previous day's close, this seem like the stock price is purposely being kept in stasis, until the time is right for it to 🚀.* + +\---------- Fancy Data Table: + +*Below you will find a summary table of all the volume and price data since the start of 2021.* + +*I have updated the GME float size to 26.7 million based on the work done by several apes. Here is one example* [*https://www.reddit.com/r/Superstonk/comments/mwgyfw/free\_float\_is\_267\_million\_didnt\_count\_cohen\_twice/*](https://www.reddit.com/r/Superstonk/comments/mwgyfw/free_float_is_267_million_didnt_count_cohen_twice/) + +[Liquidity is drying up. As you can see, the last 4 days have been extremely low volume days.](https://preview.redd.it/aq2qjmt37av61.png?width=1168&format=png&auto=webp&s=59bc9d696b79c02f714a3e9de827c0ce5a7f2e66) + +***Today was the second lowest volume day in 2021*** *with only 100k more than wednesday which was the lowest at 3.8 million.* + +*Despite such low low volume, you can see that there has been almost no shares available to short through IBKR.* ***In fact, today they shorted ALL 500,000 available shares, which equates to 13% of all volume!"*** + +[(1) Of the 5 lowest volume trading days in 2021, 4 of those happened this week! 💎✋ Two of those days (Today and Wednesday) the price closed within 1 CENT of the previous day's closing. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mx7zo4/of_the_5_lowest_volume_trading_days_in_2021_4_of/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/TheCaptainCog**](https://www.reddit.com/user/TheCaptainCog/) **Posts:** + +*"According to this calculation and after removing anyone with more than 500 shares, at minimum, Superstonk users alone own 9 million shares upwards of 37 million. If we extrapolate this again to all of retail (which is hard to know), we get a minimum of 282 million shares owned. I assumed 6 million was the number of retail at minimum for two reasons. Firstly, it fits within the number of people at WSB. Second, it fits with the data of US-based retail investment found in a yahoo poll:* [*https://ca.finance.yahoo.com/news/gamestop-amc-reddit-investing-213609595.html*](https://ca.finance.yahoo.com/news/gamestop-amc-reddit-investing-213609595.html)*.* + +*If the number of people who responded to owning more than 500 shares IS accurate, then superstonk alone owns 38 - 74 million shares, and retail (assuming they buy just like superstonk) owns 1-2 billion shares."* + +[(1) Users of Superstonk own, at MINIMUM, 9 million shares, with retail owning a possible 270 million : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwziwn/users_of_superstonk_own_at_minimum_9_million/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/j901719**](https://www.reddit.com/user/j901719/) **Posts:** + +[The float might be even less, according to some DD.](https://preview.redd.it/rdomnxse6av61.png?width=750&format=png&auto=webp&s=2cec830259f298efdfa0023fe39c7ac408e25a4e) + +[(1) So how did GME manage to trade 150M shares a day if the remaining float is only 26M? ⬆️🌚 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxkoti/so_how_did_gme_manage_to_trade_150m_shares_a_day/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/Bradduck\_Flyntmoore**](https://www.reddit.com/user/Bradduck_Flyntmoore/) **Posts:** + +*" I like to play with numbers for funzies, just to give myself a variety of options to consider. It helps me think. Today, I'll take a crack at the multitude of possibilities of worldwide retail ownership of GME. I'll be using round numbers, cuz easy, and I will be assuming the available float is 25mil shares. Grab your favorite color crayon and join me, won't you? "* + +**For apes who need some help visualising the maths involving calculating the possible float, please see more in the link below!:** + +[(1) Napkin Math: Worldwide Retail Ownership Edition - Take Two : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxc2uy/napkin_math_worldwide_retail_ownership_edition/?utm_medium=android_app&utm_source=share) + +[(3) Shit Soup 💎🙌🦍🦍🦍🚀🚀🚀 : GME (reddit.com)](https://www.reddit.com/r/GME/comments/mxzs4c/shit_soup/) + +\--------------------------------------- + +[**u/haydoboyo**](https://www.reddit.com/user/haydoboyo/) **posts:** + +"*We originally were speculating based on Darkpool share trading data that \~440million shares have been synthetically created and are being used to trade within darkpools.* [*Estimates around these numbers have appeared in quite a few older DDs.*](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/) + +*We used this information (based on the original count of \~50million shares available for public trading) to estimate that SI was over 900%.* + +*THEN YESTERDAY:* [*According to Gamestop's 14A, there is only 26.7 Million shares available for trading to the public, not including ETFs or institutions under 5% ownership.*](https://preview.redd.it/1pqbq8iuzsu61.jpg?width=354&auto=webp&s=0b76796d2033adadffdcaa149f25287e66f6e3ab) + +*Meaning that based on the pre-existing information of a 440 million share synthetic float, and the NEW information that the public float is supposed to be 26.7 million shares, the short interest is roughly double our original estimates, at \~1800%* + +*And that was based on darkpool data gathered a MONTH ago!* + +*APES HAVE BEEN BUYING THE ENTIRE TIME, AND HEDGIES HAVE NOT STOPPED MANUFACTURING SHARES.* + +*THIS NUMBER IS ABSOLUTELY HIGHER NOW."* + +[You know how I feel.](https://media.tenor.com/images/c883d2b9b94e0af0ce8e03a57a5f2c0f/tenor.gif) + +[(1) Double the short interest, half the anxiety. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/) + +&#x200B; + +[ u\/Spazrow314 ](https://preview.redd.it/d36c0nkfmav61.png?width=640&format=png&auto=webp&s=c62c1e52aa4f160ee6a5193cc1e70d1b3d2fee2a) + +\--------------------------------------- + +[**u/AlternativeNo2917**](https://www.reddit.com/user/AlternativeNo2917/) **posts:** + +*"Now lets focus on the FINRA data as that gives us the short/long ratio. FINRA reports* ***1,293,673,781*** *shares traded since the beginning of the year and* ***610,188,947*** *of those trades are short positions, that's a staggering* ***47.17%*** *of all trades coming through FINRA. Why is FINRA different to NYSE data? Simply they don't report on all exchanges it's likely just trades via the NASDAQ, whereas the NYSE is reporting all trades.* + +*Using the FINRA data again, since the start of the year (4th Jan)* ***16,800,958*** *is the average volume and* ***7,924,532*** *is the average short volume. Now there is no way to accurately tell what the total short volume is with the NYSE data but for speculation let's use the 47.17% that we have from FINRA. I must emphasis that this is speculation it could be more or it could be less.* + +*47.17% of 2,904,446.487 = 1,370,027,407.92 short shares* + +*That leaves us with a potential 1,534,419,079.08 long shares since the start of the year.* + +*So once again I just want to remind everyone that the float is 16,164,355 because 1,534,419,079.08 is 9492.6% of that. So IF every ape from 4th Jan bought and hodl until today then retail would own 9,492.6% of the actual tradable float. That hasn't happened we know that BUT using this information in my opinion speculating that retail owns more than 1,000% of the float is very conservative.* + +*Let's say half of the 1.5B orders have been made by diamond apes, 767,209,539.54 shares.. that would be 4,746.3% of the float that is actually accessible to retail. Once again I am not saying that Apes own 767.2m shares all I'm saying is I think 1,000% ownership of the float is a very conservative estimate when you look at this data."* + +[(1) GME Float is less than 16.1m and retail owns more than 1000% easily. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxu7lj/gme_float_is_less_than_161m_and_retail_owns_more/?utm_medium=android_app&utm_source=share) + +[ u\/MattiasMolndal ](https://preview.redd.it/ngqntn6vaav61.png?width=500&format=png&auto=webp&s=195aaa9440bf9f927b40c3effc83a186d9a6b5f7) + +[(1) GameStop Stock (reddit.com)](https://www.reddit.com/r/GME/?f=flair_name%3A%22Memes%20%F0%9F%98%B9%22) + +\--------------------------------------- + +[**u/jakksquat7**](https://www.reddit.com/user/jakksquat7/) **Posts:** + +**There are FALSE PROXY VOTING sites being pushed here. Go to gamestop.com to find the correct one.** + +[(1) \*URGENT\* Pay attention! There are FALSE PROXY VOTING sites being pushed here. Go to gamestop.com to find the correct one. : GME (reddit.com)](https://www.reddit.com/r/GME/comments/mx0rb6/urgent_pay_attention_there_are_false_proxy_voting/) + +\--------------------------------------- + +[**u/stellarEVH**](https://www.reddit.com/user/stellarEVH/) **Posts:** + +*" Why does this matter for GME and its inevitable MOASS?* + +1. *We all know wall street is shorted to oblivion, and their evading the MOASS by slowly covering their margin calls over time by buying time through shady shit like (1) deep ITM stock options, (2) dark-pool trading, (3) SPAC and Crypto P\&amp;D schemes, and (4) god knows what else.* +2. *What perpetuates the corruption is their capacity to buy more time. To trip the MOASS, we must disable the proverbial snooze button on their margin calls. Voting as a common shareholder may be the way.* +3. *When retail investors purchase whole GME share(s) from their stockbroker, depending on which broker, it is unclear whether they purchased a real share from some other investor selling theirs, or if they purchased a synthetic/fake share that was created from corrupt actions by hedge funds (e.g. deep ITM stock options)* +4. *Does it matter which stock we have?* [*No*](https://imgur.com/z01I0jJ)*. A whole share, real or synthentic, entitles you to a vote.* +5. *Why this matter is that* [***stock options***](https://www.investopedia.com/articles/active-trading/061615/how-stock-options-are-taxed-reported.asp) ***DO NOT*** *convey ownership of a company,* ***but exercising them to acquire the stock does.*** +6. *Given GME share(s) are likely synthetic because GME has been shorted to oblivion,* [*voting*](https://www.proxydocs.com/branding/962080/edocs/2021/issuer/) *for GME’s annual meeting will force your stockbroker to obtain real GME shares from those who have it on margin to submit your vote on your behalf because they need to own the share at the time of submission.* +7. *In other words, your vote will margin call the hedge funds that were too reckless in trading shares they didn’t own. Cumulatively, our votes may be enough to be the catalyst for the MOASS."* + +[(1) GameStonk - "Power to the Investors". Go vote and margin call Ken. Here's a series of logic steps to understand why you should exercise your right as a common shareholder and vote. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mx6m2r/gamestonk_power_to_the_investors_go_vote_and/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +**Section 2 - HF's/Banks** + +\--------------------------------------- + +[**u/bitterbottles**](https://www.reddit.com/user/bitterbottles/) **Posts:** + +*"My SPECULATORY hypothesis of a WORST CASE SCENARIO: It's possible that shitadel and friends would use this 5 day gap to fake the squeeze. Imagine this: Hedgie A gets margin called -> assets liquidated 5 days later and gme jumps XXX% -> other hedgies get margin called and price is currently in the 1000s -> shitadel n friends short the living shit with everything they've got in hopes of dropping the price to sub 100 -> five days later, GME drops enough to be within the threshold for shitadel n friends to not have their assets liquidated -> repeat until only diamond handed apes are left -> price goes to the tens of thousands but ceiling is limited.* + +*HOWEVER, if we BUY & HODL the price would never drop below the margin call threshold. Which will shoot the price to Andromeda.* + +*OUR JOB IS SIMPLE! BUY AND HODL!!"* + +[(1) The SQUEEZE may take WEEKS. Hedge Funds have 2 - 5 days to meet their MARGIN CALL. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxgzvw/the_squeeze_may_take_weeks_hedge_funds_have_2_5/?utm_medium=android_app&utm_source=share) + +[ u\/rrezonfrangu ](https://preview.redd.it/g3xm0f4ebav61.png?width=640&format=png&auto=webp&s=3e8f9c989c73516077ceafe3872f11710c983a47) + +\--------------------------------------- + +[**u/stocktawk**](https://www.reddit.com/user/stocktawk/) **Posts:** + +*"*[*Multiple Hedge Funds Blew Up This Week*](https://www.reddit.com/r/Superstonk/comments/mwzv9f/timeline_of_what_we_know_so_far_multiple/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +*If you need to catch up to speed. Here the link above is a compilation of everything crowdsourced on this situation all week.* + +*Credit Suisse legit says this, in this article:* + +*Credit Suisse, which said it has exited about 97% of its exposure to Archegos -* + +*yet it's that 3% that remains problematic as the nominal value of its exposure to Archegos keeps rising and late last night hit $20BN according to the news sources -* + +*said it expects a 600 million-franc ($654 million) loss in the second quarter, taking the total hit from the collapse to about $5.5 billion.* + +*Moving forward. We keep getting this story in pieces and credit Suisse losses have gone up by about $800mil. Per week, In the press. And they still have $20bil in just 3 different Archegos assets that are LOSING MONEY DAILY... how much is the interest in that contract?! Did some Archegos yolo options go bust and credit Suisse is holding the bag?* + +*Recently JPM sold a MASSIVE position in Academy Sports and Outdoors - Look who else is on the books with them:* + +*\&amp;amp;amp;amp;#x200B;* + +[*JPM's Liquidation of $9bil Worth of ASO*](https://preview.redd.it/hjmciw0vj8v61.jpg?width=1125&format=pjpg&auto=webp&s=8810a1d20fce23c1eda3f2fd13a5e781ecfe8a62) + +*all the big banks were up all weekend. Were creating record numbers of bonds to sell back to themselves? Which they all then flipped to credit Suisse in the form of this newfound loan credit Suisse just got, “from investors,” of $2bil, “in the form of convertible notes?”* + +*\&amp;amp;amp;amp;#x200B;* + +*number 24 in ownership is: Philadelphia Trust Co/The .. so the pensions in Philly??* + +*number six is Tiger Global.. you remember them right? if not, see the link to my other post, to catch yourself up to speed with the absolute shit show that is going down behind the scenes.* + +*this is the shit show of all shit shows guys.* + +*Tiger Global of course is a tiger/tiger cub and was this a part of this ASO in anyway? Since they all follow each other in trades, i bet they're all over these ownership reports. smooth brain. but...* + +*about the 3 positions credit suisse is still in that are a $20bil loss...... WHAT ARE THOSE THREE TICKERS CREDIT SUISUIS????"* + +[(2) Credit Suisse Surprises With $2 Billion Capital Raise, Still Has Exposure To Archegos In "Three Distinct Positions" ... : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxz0eb/credit_suisse_surprises_with_2_billion_capital/) + +&#x200B; + +[ u\/pinkcatsonacid ](https://preview.redd.it/3jhons01eav61.png?width=640&format=png&auto=webp&s=248ddac96040fa689426ce82970333494d6d9d68) + +\--------------------------------------- + +**DEUTSCHE BANK WHISTLEBLOWER STILL MISSING!** + +[Missing 45-Year-Old Male NR21113ti - Los Angeles Police Department (lapdonline.org)](https://www.lapdonline.org/home/news_view/67485) + +*Los Angeles:* *The family of Valentin Broeksmit and the Los Angeles Police Department are requesting the public's assistance in locating him.* + +*Valentin was last seen on April 6, 2021 around 4 p.m., at Griffith Park on Riverside Drive in the City of Los Angeles. He was last seen driving a 2020 red Mini Cooper. The vehicle has been recovered but he has not been seen since and his family is concerned.* + +*Valentin is described as a 45-year-old male White with Brown hair and Blue eyes. He stands six feet one inch tall and weighs around 200 pounds.* + +*If you have seen, or have any information regarding his whereabouts please contact the Los Angeles Police Department, Missing Persons Unit, at (213) 996-1800. During non-business hours or on weekends, calls should be directed to 1-877-LAPD-24-7 (877-527-3247). Anyone wishing to remain anonymous should call Crime Stoppers at 800-222-TIPS (800-222-8477). Tipsters may also contact Crime Stoppers by texting to phone number 274637 (C-R-I-M-E-S on most keypads) with a cell phone. All text messages should begin with the letters "LAPD." Tipsters may also go to LAPDOnline.org, click on "webtips" and follow the prompts.* + +\--------------------------------------- + +**Section 3 - Motivation** + +\--------------------------------------- + +[**u/Mj0lnir1**](https://www.reddit.com/user/Mj0lnir1/) **Shared:** + +[Elon Musk's Tweet](https://preview.redd.it/7v0z1dhceav61.png?width=960&format=png&auto=webp&s=9008480e1b5e158b51ba5fdafb93c1c8765bdeea) + +[HODL!! 🚀🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxgvbi/hodl/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/bandrews091**](https://www.reddit.com/user/bandrews091/) **Writes:** + +*For real. Get off the drugs cut back the drinking build/fix meaningful relationships before you cant trust people to like you for anything but your money. If you needed a sign THIS IS IT! Happiness is key and it is true when they say "mo money, mo problems." So start planning NOW ways that you can stay healthy and happy and live a long meaningful life to enjoy your tendies to the fullest.* + +[(2) You're about to be rich, clean up your life. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxjxz3/youre_about_to_be_rich_clean_up_your_life/?utm_medium=android_app&utm_source=share) + +\--------------------------------------- + +[**u/Jamie-Vu**](https://www.reddit.com/user/Jamie-Vu/) **Shares:** + +[I love this. Apes strong together.](https://preview.redd.it/5e12pyileav61.png?width=960&format=png&auto=webp&s=f582054b9546350e990d8a6a17d88a095997ae61) + +\--------------------------------------- + +[**u/youngsteveo**](https://www.reddit.com/user/youngsteveo/) **Posts:** + +[So true.](https://preview.redd.it/3gekjylreav61.png?width=960&format=png&auto=webp&s=74cf8e0e89c64edc610eed2634a4097a20b2f5b2) + +\--------------------------------------- + +\----------------------------------------- + +**Thank you for reading.** + +**I hope you all have a lovely day, although I cant reply to every comment I do read them and upvote, thank you for your continuous support, kind messages and encouragement!** + +**Now I have to encourage you!** + +**Please apes look after yourselves. Eat healthy. Lots of green like green crayons. Exercise! it's great for your cardiovascular system.** + +**Don't do this to look a certain way, you are perfect the way you are. Do it because you love yourself and you want to take the best care of yourself. You want to live a long time and tell your grand-apes about how you fought in the war of '21.** + +**Also, kitty is doing good - he made it!** + +\----------------------------------------- + +**If you need a prescription for memes, please follow the link below:** + +[MEME Compilation - 22/04/21 - Nurse Mimi's Prescriptive Memes (Daily Dose). : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw5j43/meme_compilation_220421_nurse_mimis_prescriptive/gvg5ghd/?context=3) + +**If you want to read yesterdays news, please follow the link below:** + +[MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 24/04/21 : Superstonk ](https://www.reddit.com/r/Superstonk/comments/mxidiw/morning_news_and_obligatory_memes_from_mediape/)[(reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxidiw/morning_news_and_obligatory_memes_from_mediape/) + +**If you want to read tomorrows news, please follow the link below:** + +[MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 26/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myuu35/morning_news_and_obligatory_memes_from_mediape/) + +**Lots of love,** + +**Nurse Mimi** + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +**Wow. Thank you to everyone who upvoted and commented with advice! I truly appreciate the help! I'll post an update with the resolution.** + +\*Correction, they set up a Simple IRA, and I meant earnings, not interest. + +The CFO of my company was fired recently, and after she left it was found out she never set up my Simple IRA. The contributions were coming out of my check every 2 weeks, but they never went into my Fidelity account. (Yes, I had tried to get an answer on where my funds were going for a year, she assured me it was set up but was having trouble getting the info with covid, etc., then went on maternity leave, etc. Basically just lying for months.) + +My employer wants to make it right, but I want to check that my calculations are correct. Is there a way to determine how much in earnings were lost for the year based on my contributions and the 3% they were to match? My salary is variable as I have a base + commissions. Obviously the market did very well 2021, and I feel they owe me an average of the market return. Anyone have a formula to calculate the lost earnings? + +EDIT: Thanks for the advice everyone! I'm requesting the CPA they hired do the calculations and provide me with the information on what I lost out on. + +&#x200B; + +EDIT 2: + +​You all sound 100x smarter than I am. This is all very confusing and upsetting. If anyone is a whiz and wants a challenge, here are my payroll deductions and dates. 😬 They have deposited a total of \~$3800 into my IRA account since 12/15/21. + +\* It would have been going to FSKAX in Fidelity had I had the chance to choose the allocation. They match up to 3% of my salary. My 2021 Wages were $69,341. + +They opened the account with $1000 and made these deposits last month: + +Opened account with beginning balance of $1000 on 12/31/21. + +12/31 $588.20 + +12/31 $588.20 + +12/17 $249.90 + +12/17 $249.90 + +12/15 $536.85 + +12/15 $536.85 + +&#x200B; + +My payroll deductions: + +11/20/2020 $60.00 + +12/4/2020 $64.70 + +12/18/2020 $60.90 + +12/31/2020 $64.30 + +1/15/2021 $95.76 + +1/29/2021 $63.58 + +2/12/2021 $64.50 + +2/26/2021 $64.45 + +3/12/2021 $64.50 + +3/26/2021 $72.80 + +4/9/2021 $71.61 + +4/23/2021 $89.03 + +5/7/2021 $122.66 + +5/21/2021 $87.96 + +6/4/2021 $105.08 + +6/18/2021 $60.51 + +7/2/2021 $105.27 + +7/16/2021 $61.75 + +7/30/2021 $61.59 + +8/13/2021 $70.88 + +8/27/2021 $61.93 + +9/10/2021 $64.50 + +9/24/2021 $103.67 + +10/8/2021 $99.97 + +10/22/2021 $83.73 + +11/5/2021 $76.92 + +11/19/2021 $90.67 + +12/3/2021 $69.93 + +12/17/2021 $99.19 + +12/31/2021 $67.79 +Guten Morgen to this global band of Apes! 👋🦍 + +DRS with Computershare is having a substantial impact! Keep it up! Citadel's leaked memos, and the intense heat on Kenneth Griffin clearly rattled them, hence the wordsmithed tweets indicating that *Citadel Securities* (was it a subsidiary?) did not *ask* (was it an order?) Robinhood... on *January 27th* (when did it actually happen?). That two individuals didn't meet or speak. These are the first tweets that Citadel Securities has posted since the sneeze, but they are not for us. + +These are the tweets of a man who has spent tens or hundreds of millions of dollars buying Congresspeople's favor, and is desperate to keep them on his side. They cannot ignore his crimes much longer if we continue to expose them and demand justice. + +Apes, our Diamantenhände have led us to this point, the day we've been waiting for is approaching. Keep calling Congress, exposing Kenneth Griffin's lies. Keep directly registering shares via purchase or transfer to Computershare, extracting them from the DTCC and making them unavailable to use for price manipulation. The moment is so close and our individual actions are having a huge impact - let us not allow this momentum to fade! + +Today is Tuesday, September 28th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$189.65 / 162,12 €** *(volume: 1037)* +- 🟥 115 minutes in: $189.92 / 162,35 € *(volume: 1034)* +- 🟩 110 minutes in: $189.95 / 162,38 € *(volume: 1033)* +- 🟥 105 minutes in: $189.93 / 162,36 € *(volume: 1032)* +- 🟩 100 minutes in: $190.05 / 162,46 € *(volume: 1019)* +- 🟩 95 minutes in: $189.86 / 162,30 € *(volume: 1014)* +- 🟩 90 minutes in: $189.77 / 162,22 € *(volume: 1014)* +- 🟩 85 minutes in: $189.73 / 162,19 € *(volume: 909)* +- 🟩 80 minutes in: $187.84 / 160,57 € *(volume: 883)* +- 🟩 75 minutes in: $187.78 / 160,53 € *(volume: 781)* +- 🟩 70 minutes in: $187.75 / 160,50 € *(volume: 761)* +- 🟥 65 minutes in: $186.58 / 159,50 € *(volume: 731)* +- 🟥 60 minutes in: $188.53 / 161,16 € *(volume: 656)* +- 🟥 55 minutes in: $188.66 / 161,28 € *(volume: 636)* +- 🟩 50 minutes in: $188.97 / 161,54 € *(volume: 636)* +- 🟥 45 minutes in: $188.94 / 161,51 € *(volume: 529)* +- 🟩 40 minutes in: $188.97 / 161,54 € *(volume: 525)* +- 🟥 35 minutes in: $188.91 / 161,49 € *(volume: 525)* +- 🟥 30 minutes in: $188.97 / 161,54 € *(volume: 508)* +- 🟥 25 minutes in: $190.24 / 162,62 € *(volume: 204)* +- 🟩 20 minutes in: $190.46 / 162,81 € *(volume: 54)* +- 🟥 15 minutes in: $190.31 / 162,69 € *(volume: 51)* +- 🟥 10 minutes in: $190.36 / 162,72 € *(volume: 41)* +- 🟥 5 minutes in: $190.46 / 162,81 € *(volume: 35)* +- 🟩 0 minutes in: $190.52 / 162,86 € *(volume: 34)* +- 🟩 US close price: $189.48 / 161,98 € *($190.48 / 162,83 € 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 1.1698. I wrote and maintain a C# application 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 just 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! +Let me preface this by saying I've got 2 years worth of screentime and experience and have studied and gone through some reputable price action trading courses and no matter what I do, I still end up losing money. Risk management for me has always been 2 to 1 reward to risk known commonly amongst the trading community as "R". I always look to go with the trend looking at the 1hr and daily charts first for a setup and then drilling down to a lower 1-15min timeframe for an entry and also using premarket charts to help depending on if there's a pattern. It does not matter what I do or how well I prepare I still end up losing overall. I feel like 2 years of my life+money have been wasted trying to figure this sh\*t out and be consistent but have had zero success. I am convinced that MM's can see your orders and stoplosses and trigger you out of your trade because like in casinos, the house always wins the retail trader will never win. I'm pretty much ready to give up on what feels like pipe dream. +Edit: Typo in title, vehicle was $42,000. + +Quick background: 29 years old, earning $50k/yr, currently living with parents rent free. + +I co-signed a truck (2019 Ford Ranger, 4x4, XLT, 16,000 miles) at $42,000 for my wife who had less then stellar credit 6 months ago. Payments are $800/mo with 8% interest rate. + +She died suddenly in her sleep 2 months ago, and I've been notified by the bank that I will need to take over the payments now. I explained the situation to them and they didn't really care (wasn't surprised)... just said "Payment is due on this date, please make sure to pay on time." + +I don't really want to get into how this was a bad idea, or how outrageous the payment is, etc.. I know it was a bad idea. I tried to tell her that. She wanted it and I was always willing to do anything to make her happy, even at my own expense. + +My landlord, due to the situation, allowed me to break my lease immediately with no fees or strings attached. So now I'm living with my parents free of charge. I did this to save money and also to get out of my old apartment for my own sanity. + +Living with them... sucks. I'm in a very tiny room in a very tiny house in the middle of nowhere. I did, however, manage to find a really great job out here. + +So I know that I have to suck it up and pay off the truck now. It is about $8,000 upside down, going off of what Carvana offered me to buy it Vs. the remaining balance on the loan. I hate the stupid thing. Not only is it extremely expensive, but it is a daily reminder of her. + +What I want to know is: With the money that I am making, can I afford to move out of my parents place? Or should I also suck that up and stay put where I am? And is there a way to get out from under this damned truck? Or do I just have to pay it off? + +Here is a quick breakdown of my expenses: + +Monthly income (after taxes): $3,400\~ + +Bills: + +\- $820 (Truck) + +\- $100\~ (Car insurance) + +\- $60\~ (Gas to and from work) + +\- $70 (Phone) + +\- $180 (Health insurance) +Thanks guys for commenting , all of you were correct , I was greedy and not discipline enough to follow my trading plan and risk management system and in the end all hell breaks loose +>The provision would prevent investors from minimizing taxes by choosing the specific shares that are being sold when they sell part of a position. Instead, investors would have to sell their oldest shares first. + +If this passes, this would have monumental implications for the investment management industry, especially passive strategies like ETFs. Suddenly, mutual funds that have been holding on to certain lots for decades will be generating huge capital gains that will have to be distributed to investors. Think of all the turnover that will occur at the end of the year as investors try to reset their tax cost basis. The vintage of a mutual fund would now be paramount, as nobody would want to invest in an older fund with embedded gains. I'm sure Vanguard is doing everything they can at the moment to prevent this from happening. + +Edit: I've seen some comments that this doesn't impact you if have a retirement account such as a 401(k) or IRA, where gains aren't taxed anyway. While this is mostly true, it's not entirely correct. If you own shares in a mutual fund, that fund will inevitably generate much larger realized gains as a result of this mandate. Thus, at the end of the fiscal year, the amount distributed to investors will be higher (distributions consists of both dividends and realized capital gains). Because of this, the portfolio will have to sell more assets to fund this distribution. Higher turnover means higher transaction costs, and it also could mean deviating away from the fund's desired asset allocation. +Mods remove if this is more mentor monday + +So reading through a lot of story/"I'm FatFIRE today" etc it seems a lot of stories involve a **high income/business/IPO** of some sort. For guidance to those of us that don't anticipate those happening in our lifetime for example, + +I 24 MCOL, 150k/year single sales management role maxed out ROTH IRA (deductions help get me down to eligible)/401k (no match) what else do I do here? I didn't go to school so no college debt, just a mortgage at 2.9% and a car $30k at 4%. I'm sitting with an extra $3k-$4k leftover every month after all expenses and am still going out having fun, I'm not depriving myself in any means. + +What I'm getting at is according to math if I throw in the extra $3k-$4k at my age towards a brokerage I'm looking at $8 million-$13 million and coming from a first generation immigrant it FEELS like it shouldn't be this easy to get there right? My parents immigrated and scraped for every cent, so this feels weird. + +Is there something else I'm missing that you guys recommend looking into? Other accounts to save in, maybe start a new business and take risks, or just accept it'll be a little boring for a while before FatFIRE? (I do plan to have wife/kids) + +&#x200B; + +**Edit:** In response to people stating I'm complaining/not cut for FIRE I was asking this as some have stated, confirmation of the right steps. It's easy for those that have FIRE to say "hey just save, just invest, don't lifestyle creep" this was for anecdotes if anyone had felt this way too. I understand I'm in a very specific situation with income at age, and I appreciate the kudos. I'm not saying messy middle is the age right now, more so that TECHNICAL after maxing retirements, is this that feeling people call the "boring middle" when you're not aggressively microing in on every expense to max the accounts, when you don't research daily/check accounts daily/re run calculators daily. Thanks to all feedback though I appreciate it! + +**Edit #2:** So I think too many people are getting caught up in age/income and then thinking I'm saying I'm bored. IM NOT. Better way of putting it, is "is this the robotic mode now?" Because at the end of my original post no one's offered other accounts to look into. I understand MAX ROTH IRA/401k, but the big question is **NOW WHAT?** Everyone's saying life/kids/future home etc, and I agree those will come up. So....What other accounts should I look at past retirments that those that FatFIREd would recommend they filled up earlier too? +I'm in a tricky spot. My current salary is around $225k/year. This puts me well over the median salary for a first-year Harvard University MBA graduate ($160k/year). I know there are [people who make way more than that](http://fortune.com/2014/01/28/the-highest-and-lowest-paid-mbas/), but statistically speaking I will likely be closer to the median. Or I would just go back to my current job, which would be a waste of two-years of school, two-years of not getting paid, and an outrageous amount of tuition. + +Unfortunately I can't find any statistics about how much graduates are making 5, 10, and even 20 years down the line. + +Lastly, I am considering an Executive MBA program, and even that is basically for the networking opportunities. + +If you have an MBA, what's it been like for you? Has it been helpful in the long-run? + +Thank you! + +Edit: This has been really great, thank you all for the content!! + +I'm thinking I'll hold off for now and do more research. Paramount are the following: + +* Do a eMBA only if my company pays for it + +* Do an MBA at a really good school + +* Make sure that I have a career-path in mind, and get buy-in from managers at my current company + +* And, I may not need it after all. Definitely need to do a lot of research before I make any decisions. +EDIT: This is an important update! I made a mistake with the KOSS ETFs. When searching for ETFs containing this stock I ended up on the page for KOS [https://www.etf.com/stock/KOS](https://www.etf.com/stock/KOS). So all my KOSS ETF plots were wrong. This is just a small part of the post but it does mean that IWM alone can't be driving price in all these meme stocks. And KOSS has no options trading. So weird that it moves with the others, could this be a sign of massive Archegos style exposure in the shadowy unregulated Swaps market?? + +# Introduction + +Since my last major post a lot's happened with our favourite stonk. Top DD apes like u/criand and u/HomeDepotHank69 have dug into how the FTD cycle impacts price down the road. u/RocketApes managed to build a model to predict GME price movements. And we saw another big price movement up to the edge of $350[.](https://preview.redd.it/vd301zksol571.png?width=4500&format=png&auto=webp&s=fc0e1e050248189449d35e7cb5f498a39bb694d3) + +The purpose of this post is to update a lot of the figures I've shared previously while adding a few more observations. I'll give brief descriptions of what each figure is showing but I'll not go into deep speculation here. Instead I'll possibly work on a follow up theory post in the coming days but already make all the data in this post available to the community. + +My previous posts went into a lot more speculation and can be referenced if you're interested in going deeper in a particular area: + +1. [**The naked shorting scam revealed**: lending of market maker privileges, the married put trade and why inflicting max pain will bleed them dry](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) +2. [**The naked shorting scam update**: selling nude like its 2021](https://www.reddit.com/r/GME/comments/mh6lnz/the_naked_shorting_scam_update_selling_nude_like/?utm_source=share&utm_medium=web2x&context=3) +3. [**The naked shorting scam in numbers**: AI detection of 140M hidden FTDs, up to 400M naked shorts in married puts and massive dark pool activity by Shitadel and the shorts](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/?utm_source=share&utm_medium=web2x&context=3) +4. [**The naked shorting scam using ETFs**: mass shifting of FTDs from GME to 20+ ETFs & 27+ billion dollars still owed in remaining SI](https://www.reddit.com/r/Superstonk/comments/n1vgbb/the_naked_shorting_scam_using_etfs_mass_shifting/) +5. [**All New 13F filings**: data visualised for all major fund position changes and the new short players in GME](https://www.reddit.com/r/Superstonk/comments/nev6po/all_new_13f_filings_data_visualised_for_all_major/?utm_source=share&utm_medium=web2x&context=3) +6. [Analysis deep dive: looking at historical SI% + FTD data and modelling share borrow fees since Jan](https://www.reddit.com/r/Superstonk/comments/mma7eh/analysis_deep_dive_looking_at_historical_si_ftd/) + +Now to get into the data and see what the fuck has been going on with reported stonk numbers in the last weeks. + +*Note: this is not financial advice. I am not a cat. I gathered some data, made some figures and tried to understand them. Any number of my interpretations could be flawed and wrong. Do your own research, make your own mind up.* + +# Understanding the Cycle: Fails to deliver (FTDs) in GME and linked ETFs + +A lot of great posts in recent weeks have looked at T-21, T-35 and more recently net capital requirement cycles. Other apes have pointed out that price often moves upward just before short interest (SI) reporting cycles to manipulate down their numbers. + +Although elements to all these theories are now close to proven there remain some outstanding questions. Why are the cycles apparently so clean without many overlapping cycles? What is the exact trigger for the shorts' FTD countdowns? + +I don't have the answer to these but I'll put out a bunch of data that might help the other wrinkly apes improve their theories. In later sections I also try to understand what is linking the different 'meme' stock price movements in 2021. + +&#x200B; + +[Total FTDs for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/vd301zksol571.png?width=4500&format=png&auto=webp&s=fc0e1e050248189449d35e7cb5f498a39bb694d3) + +Fails in GME dropped off after the January mini-squeeze but were transferred over to GME containing ETFs from February onwards. IWM and XRT are the most popular ETFs to naked short and fail on. In mid-May IWM, the *iShares Russell 2000 ETF*, had a massive 4 million share spike in FTDs. GME price began to rise steadily shortly after. + +&#x200B; + +[Total FTDs for GME and all ETFs combined in 2021 with GME close price overlaid.](https://preview.redd.it/12jl7hzuol571.png?width=4500&format=png&auto=webp&s=d2cde3c0a6237ea464cb419c6664b5b9fba393ce) + +Although I only selected the top 19 GME containing ETFs for most of the analyses (first figure), when I grouped all GME containing ETFs together (more than 70 of them) we see that the pattern of FTDs in 2021 is very similar. This means that the selected 19 ETFs contain almost all of the interesting FTD info. + +&#x200B; + +[Total FTDs for GME and selected ETFs in since Jan 2020 with GME close price overlaid.](https://preview.redd.it/wb6gjdhzll571.png?width=4500&format=png&auto=webp&s=cdf92de9dbaebbd1542211b936f8ade353235cc9) + +Looking back on GME and ETF FTDs since Jan 2020 we see that the recent large spike in IWM FTDs is actually relatively small compared to some of the FTD spikes seen in 2020. On 3 separate occasions in 2020 IWM FTDs spiked to over 8 million shares. + +# The link between GME and other 'meme' stocks + +So it's clear to anyone that's been watching GME and the 'movie stock' for a while that they move together in a way that would not make sense in a free market. + +Here's a figure I put together covering up to the end of May 2021. Clear correlation and fuckery between these 3 stocks. + +&#x200B; + +[2021 price movements for GME and 2 other well known 'meme' stocks](https://preview.redd.it/0oeky4jf5m571.jpg?width=2414&format=pjpg&auto=webp&s=3fb2229a8e39b33b8e9cd7475ab6c2febb67b7c7) + +Since I made this figure the movie stock has diverged from the GME trend. But why? Here are some figures to compare and some basic speculation. + +&#x200B; + +**Value of fails for meme stocks: GME, movie and headphone stocks** + +These plots take a look at total fail values for meme stocks and associated ETFs. It's important to plot these in fail value rather than total failed shares because each stock has a different free float and share price. + +&#x200B; + +[Total Value of FTD fails for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/jf8ckih0pl571.png?width=4500&format=png&auto=webp&s=18d9d3ad79f57ed2b9e9c91523f37a255abee1d1) + +&#x200B; + +[Total Value of FTD fails for movie-stock and selected ETFs in 2021 with close price overlaid.](https://preview.redd.it/36ip4ow4pl571.png?width=4500&format=png&auto=webp&s=c64a8b6b2019578e71414cddd1c7cb0e722b2dff) + +&#x200B; + +[Total Value of FTD fails for headphone-stock and selected ETFs in 2021 with close price overlaid.](https://preview.redd.it/ugipwpabez571.png?width=4500&format=png&auto=webp&s=e82e4bfd5975a016545709f4e265df7630895148) + +What do we notice? Well the value of fails for movie-stock has always been relatively small with just a single day in January with large $100+ million dollar fails. GME has larger fail values in Jan across multiple days but has then dropped off in following months. Headphone stock is a smaller company with direct fails never going above $20 million. + +GME also has large fails across a bunch of ETFs but with most of the fail values occurring in IWM. *The movie-stock has fails almost exclusively for for IWM*. *Headphone stock fails are almost exclusively in VXF.* + +What links GME and the movie stock is their inclusion in the same *iShares Russell 2000 ETF - IWM.* IWM has been shorted to shit since Covid came around. It must've seemed like an obvious choice to short a bunch of vulnerable companies all at the same time. Fails are massive for IWM with up to 5-10% of total ETF shares failing on certain days in the last year. + +Headphone stock is in completely different ETFs but it looks like some of the large ETF fail spikes might line up with IWM. + +&#x200B; + +**Reported Short Interest for meme stocks: GME, movie and headphone stocks** + +Now we've looked at FTDs in these meme stocks let's take a look at reported short interest. This number is prone to manipulation and is reported by the very people that benefit from manipulating the number down. That being said let's see how the 'official' numbers compare. + +&#x200B; + +[Total value of reported SI for GME and selected ETFs.](https://preview.redd.it/pcnirq7lpl571.png?width=4500&format=png&auto=webp&s=fe4db101d80512e6893f3556bf013cbaea7581bb) + +&#x200B; + +[Total value of reported SI for movie-stock and selected ETFs.](https://preview.redd.it/ww7elprnql571.png?width=4500&format=png&auto=webp&s=8f655b223c2d571cf593e298c7819b1d40780daf) + +&#x200B; + +[Total value of reported SI for headphone-stock and selected ETFs.](https://preview.redd.it/u347qtsjfz571.png?width=4500&format=png&auto=webp&s=c1727636350be5590f36707dfb5d47d3a17ab720) + +Movie-stock SI value owed is almost exclusively coming from IWM. Since the recent run up the reported SI for the movie-stock has also increased to a similar value owed for current GME reported SI value. + +For the headphone-stock the vast amount of reported SI value is coming from the VXF ETFs. The short interest value exploded in Jan 2021 and it appears that little short interest was present in 2020. *What the hell is driving this stock to move like GME??* + +The value of GME reported OI is also dominated by the huge open short position in IWM but also with relatively large short positions in XRT and VTI. + +So the IWM open short position is insane. Current value owed by reported IWM shorts is $30 billion when total IWM net assets are just $68 billion. That's 44% of all assets in the ETF that have been short sold with a borrow. This doesn't even include the huge number of FTDs and naked short selling for IWM in the last year. + +&#x200B; + +**Open Options Interest for meme stocks: GME and movie stocks** + +One of the weirdest things that happened after the end of Jan mini-squeeze is that open put interest in GME spiked to some pretty insane levels. [I previously suggested that this could be due to options fuckery to hide short positions](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/). + +At the end of Jan 1.5 million new put contracts were opened in just a couple of days. These contracts cover 150 million shares. Most were in junk strike prices (e.g. $0.50) that were never likely to be reached again. Recently other DD apes like [u/Leenixus](https://www.reddit.com/user/Leenixus/) have [reported finding more weird put option activity](https://www.reddit.com/r/Superstonk/comments/nxgcu5/i_taut_i_taw_a_married_put_i_did_i_did_see/). + +Here I'll compare open option interest for GME and the movie-stock. Headphone-stock does not have options as far as I can tell. Data was obtained from [marketchameleon.com](https://marketchameleon.com) . + +&#x200B; + +[Total open interest for puts & calls for GME since Jan 2020.](https://preview.redd.it/za8mj3bexl571.png?width=4032&format=png&auto=webp&s=3d0dd92c078bf8fba10cb2c4e542788a7d098610) + +&#x200B; + +[Total open interest for puts & calls for the movie-stock since Jan 2020.](https://preview.redd.it/ozvo22ffxl571.png?width=4032&format=png&auto=webp&s=aea9d6aa5a6fcb77a45467dc49add853196c7e8e) + +&#x200B; + +So a massive spike in GME open put interest in January that disconnected from all previous levels. A large number of puts expired in April and 410k more will expire on July 16th. Despite prices dropping down to $40 in Feb and many options expiry dates coming and going, open put interest for GME still sits at around 1 million contracts. For GME only approx. 300k put contracts were reported in 13Fs despite 1.5 million being held. *Who holds the puts? Family offices?? Shells??* + +For the movie-stock the picture is quite different. Puts and call open interest never really diverged. The recent major run up has increased the number of open put contracts but it's still in line with the number of calls. Even at this high of 2 million open contracts it is important to remember that the movie-stock free float is approx. 10-times larger than for GME. So even with this recent bump in open interest, options fuckery is much less obvious and even if it were occurring the magnitude is 10% or less than what we've seen in GME. + +&#x200B; + +**Meme Stock Summary** + +Many of the weird indicators for GME do not show up as clearly in other meme-stocks. The most obvious similarity between GME and movie stock is that they are part of the IWM ETF which has been shorted to shit this last year. GME is about to move out of the IWM Russell 2000 ETF and this could explode the shorts FTD juggling. + +However the headphone stock does not share the same ETFs and has no options trading. Short interest also doesn't appear to be so large. *What the fuck is happening here? Is there a shady market we can't see driving the shared price movements? Archegos style swap markets? Packaged up hedge fund debt bundled into CDOs after margin calls in 2020?* + +Also why is the movie-stock moving more than GME recently? I don't really know. My guess would be that it's got extra hype at the moment but the naked short indicators are just not there. They never have been. In 2020 the max movie-stock reported SI was about 20% while GME was at the reporting limit of 140% for months. Why would they manipulate movie-stock reporting when they were so careless to report GME SI% of 140%?? + +In terms of options fuckery I just don't see it as clearly for movie-stock as for GME. There is nothing particularly out of the ordinary in the open interest. I've also not seen anyone identify deep ITM calls or married puts for the movie-stock when it's been so easy for GME and found independently over many different dates. + +I wish the movie-stock apes all the best but worry that they might just be riding the hype. For GME on the other hand I believe that the hole has been getting deeper and deeper since the known minimum SI% of 140% reported in Jan before the major fuckery even began. + +&#x200B; + +# Dark Pool Trading in 'Squeeze Stocks' + +In the past I reported some weird behaviour in OTC trading in GME. I took anther look and extended the analysis to 73 stocks that appear to have squeezed in 2021. This list of stocks was taken from the work of [u/BurnieSlander](https://www.reddit.com/user/BurnieSlander/) and [his post on squeeze stocks](https://www.reddit.com/r/Superstonk/comments/nzajpv/the_matrix_is_everywhere_a_quant_dd/). + +I selected 73 stocks that have sustained a 200% growth since Jan. I then compared how these stocks have been trading compared to 9600 other stocks that trade OTC. + +*Important note: Each stock has a different number of shares outstanding and share price. To compare these stocks I first normalised each of them by subtracting their mean value for the window and dividing by the standard deviation.* + +The following plots show relative differences in OTC trading based on each shares' normalised values. + +&#x200B; + +[Normalised OCT trading volumes for 'Squeeze' stocks and other typical stocks.](https://preview.redd.it/4ilrlxa7ul571.png?width=4500&format=png&auto=webp&s=ed29834cb0cbe1ad488e59e687438ef10df52d02) + +Through January and early Feb the squeeze stocks saw a spike in OTC trading volume on average compared to a typical stock. The total shares traded OTC were not substantially different to other stocks before or after the January period. + +&#x200B; + +[Normalised OCT trading volumes for 'Squeeze' stocks and other typical stocks.](https://preview.redd.it/g5emeccotl571.png?width=4500&format=png&auto=webp&s=76d9229b8cdfffef0e2286f523c19e3998dc74a5) + +When we look at average shares per trade the picture is different. Note that because the data is normalised we are just looking at the relative changes over time for the squeeze stock and typical stock groups. + +Typical stocks have not seen any major change in the average OTC trade size. The value is flat over time. For the squeeze stocks we see a dramatic shift. Particularly from January onwards, the number of shares per trade seen OTC dropped dramatically. This means smaller and smaller batches are traded OTC compared to their historical norm. + +Some of this could be because of retail taking part in more trades and PFOF issues but I can't believe that retail is driving this consistently across 73 different stocks. Why would order size OTC drop in recent months? Could it be wash sales or 'short ladder attacks' to manipulate prices? Wrinkle apes needed for this! + +EDIT: Adding some more plots specifically to show OTC trade data for GME and the movie stock. + +[Normalised OCT trading volumes for GME and the movie stock](https://preview.redd.it/5w47cav14o571.png?width=4500&format=png&auto=webp&s=a90f46991a39f35fa77cc838dc639d04be1a6b5f) + +&#x200B; + +[Normalised OCT average trade sizes for GME and the movie stock](https://preview.redd.it/6alxu3v24o571.png?width=4500&format=png&auto=webp&s=8f0dd839938d006fb7517b23d494141ffe21e4b1) + +I added these figures in response to a request in the comments. Both GME and the movie stock show similar OTC trade patterns. Some spikes and shares traded in Jan and late Feb. And after Jan both stocks saw a large decrease in average trade sizes OTC compared to their historical norms. + +# TLDR; / Conclusion + +Go take a look at the figures! I tried to explain as clearly as I could. The best way to understand is to look at the figures yourself. That being said here are some highlights: + +* Huge FTDs and SI% in the IWM ETF appear to link GME and other meme stonks +* A recent spike in IWM FTDs may have helped to drive the recent run up in meme-stocks +* IWM is the iShares Russell 2000 ETF. GME will move out of this soon. How will the shorts adapt their FTD juggling? Will it even be possible for them?? +* GME continues to have huge open put interest and observed options fuckery. Many more puts expiring on July 16. +* Movie stock does not have any obvious options fuckery as far as I can see. If it's there then the scale is probably no more than 10% compared to GME. +* OTC data is weird and consistent across more than 70 different stocks that have maintained 200%+ gains since January. Why are average OTC trade sizes so small for these 70 stocks? Could this be wash sales to manipulate prices down? Something else?? + +I've been zen with GME for months now and full YOLO. I wanted to get a 200+ million vote count announced but what we got changes nothing. Evidence of mass fuckery with GME for months. Price movements that make the fuckery undeniable. Huge GME fails and SI hidden in options and ETFs that will eventually unravel. A great team of execs now at Gamestop leading the turn around. **In short, I like the stock.** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +So I'm constantly hearing stories about how shockingly bad most pension pots are. I earn slightly above the median wage in the UK, contribute 7% pre-tax (employee matched to 7%), and mine isn't exactly looking fantastic; what about many of us who are on minimum wage, work part time, or don't bother investing in retirement? + +What actually happens to people without adequate pensions? Do they keep working, or instead manage to retire and survive with basic amenities? And is there a hidden 'underclass' of retirees who have no money? +First, the background: I went to a great small college here in Chicago and graduated in 2002 with multiple honors. Right before my graduation, my mother died unexpectedly leaving me with a substantial inheritance. I used this inheritance to finance a Master's degree in journalism (ah, the idealism of youth) at a top program - which I completed in 2005. + +My financial flexibility allowed me to spend the next several years bouncing around the world exploring different places and opportunities. I bartended on a beach in Southeast Asia for a year. I spent another year editing an English-language magazine overseas. I've traveled to 33 countries so far. + +I also spent several years in New York City - halfheartedly working on a manuscript, doing a little freelance copywriting, but basically enjoying myself and postponing "adulthood" because I had the means to do so. + +By 2013 my finances had been mostly depleted, so my girlfriend and I moved back to my hometown to be near my family and try a fresh start. I thought I had a job lined up, but it fell through. My girlfriend hated it and moved back to New York. I became depressed and started self-medicating with alcohol. + +I sought treatment for the depression, and those problems are now firmly under control. In September I decided I needed to be in a major city that I love, so I sold my car and moved back to Chicago. + +In the intervening months, my finances have dried up, and I've been unable to find work. I've worked in both journalism and public relations in the past, but when I apply for those jobs I get the sense that my desultory job history has proven a greater liability than I realized it would be (although I've had a few promising interviews). I apply for more menial jobs (retail, restaurants, etc), but they look at my education and work background and conclude (rightfully, I suppose) that I'll be out the door when a professional opportunity presents itself. + +So here I am - I have no money and I'm living at a homeless shelter in downtown Chicago. I sleep in a dorm with 600 farting, coughing homeless men who seem to love nothing more than yelling at each other. I have no place to store my professional attire, so I have to borrow an outfit when I have an interview. I spend my days at the public library and the Goodwill employment resource center sending out both professional and menial applications with little to nothing to show for it. I meet on an ongoing basis with the career offices of my college and graduate schools, but nothing has worked yet. + +My family are lovely, but I've exhausted their generosity. I have a few old friends here in Chicago, but for some reason I am totally unwilling to ask for support (shame plays a big role, but it's a complicated set of circumstances). + +So, Reddit, how to I claw my way out of this hole?? Everything seems to get harder with each passing day. + + +EDIT: Let me respond to a few points: 1) Certainly I recognize that I brought this on myself, and I do wish I had done some things differently (while, for the most part up until now, I thought I had lived a pretty interesting and fulfilling life). None of that changes the fact that here I find myself and I have to deal with it. People have bounced back from worse mistakes than mine. My great hope is that I come out stronger as a result. Hardship can be a great teacher + +2) I think some of you may overestimate the ease with which a 35-year-old man with a spotty work history can get a menial restaurant/service job. There are a LOT of younger, more experienced, more attractive candidates vying for the same (not that I'm a train wreck or anything). + +3) I love my family and they love me, and I was genuinely surprised when they wouldn't let me stay. I think they think this experience is what's best for me. And, who knows, maybe they're right. + +4) The shelter, to their credit, provides showers and meals and a roof. I keep myself (and, more importantly, my clothes) clean. I'm confident you wouldn't pin me for homeless if you passed me on the sidewalk. + +5) I am working with the alumni offices of my college and university, and something fruitful may yet come of it. + +Thanks to everyone who is making a point to be supportive and understanding. I really appreciate it. +Fact: Almost 70% of all lottery winners go bankrupt. + +Don't be like those guys, have your plan. I'm going to suggest some things here, but do your own investigation and find the things that work for you. + +Step 1: Shut the fuck up. Seriously. It may be very tempting to trumpet your new wealth to the world but all that does is put a target on your back. It makes you an ATM for every distant relative that you never even met. It puts your phone number on lists that people keep calling and asking for money for investments, for charity, for ransom for crying out loud. + +Seriously. Shut the fuck up. + +2. Get ahold of a lawyer and an accountant. Good ones, not your local family lawyer. Look up estate and trust firms on the internet and find ones with good reviews with minimal advertising. (Good firms should be rolling in cash and work on word of mouth.) + +Get them in the same room and bluntly explain what you have, how much it is and your desire to protect it. Set up trusts for yourself and family members that matter to you. Or set up companies or whatever they suggest that protects your hard earned money best. + +You HAVE to protect these tendies. This is not going to happen again. + +3. Consider moving. Seriously. People will notice if your lifestyle changes. They will see that you don't go to work anymore, that you shop at the better stores, that your house is all fixed up and the car is new and you seem stress free. You might as well buy a glowing neon sign that says 'MONEY HERE.' If your neighbours are decent people there might be some resentment. If your neighbours are NOT decent people... well burglary and home invasions happen all the time. Don't be a victim. Remove yourself from the situation. Anybody you really care about is only an email, text or phone call away and you can have them over to the new swanky digs. + +4. Consider any money you give out to friends and relatives GONE. Seriously. Maybe cousin Ralph does have a surefire business plan that will make him a millionaire. Maybe, or maybe his business plan is just doubling down at the casino until he hits or goes bust. If you want to help out some of your family, go ahead. Decide who you value and want to help and help them out and do NOT expect to see that money back. Make it a gift and revel in the pleasant feeling that generates for you. + +5. Charity... before you give to any charity check with the accountant first and check out the charity. Are they a scam or are they legit? Can you deduct this from your taxes? Same as always here folks, do your homework. + +6. Financial planners.... do you even need them? You all have been following this saga for over a year now and you know what is going on in these markets. Pick your safe spots, diversify your money and set yourself up with a passive income that will take care of your and your family for a long, long time. I know what I'm doing with mine, but you may have different ideas. Dividends, bonds, gold, stocks.... whatever.... know what you are going to be doing with that boatload of cash. + +7. Remember that while we are going to the moon... a lot of other people are going to be going through hell. Help out where you can. Give to legitimate charities like food banks, women and homeless shelters, children's aid... all of it. I'm not saying give it all back, but don't turn into Scrooge McDuck or Monty Burns either. Make a difference with your money. Make an impact on the world and try to make it just a little better. +Hello members of /r/algotrading ! + +In an effort to expand the algotrading wiki, we are reaching out to the community and asking for post, thread, and even comment series nominations that you feel belong in the new "Hall of Fame!" + +**What belongs in the hall of fame?** Any post you STRONGLY feel contributed to this community and significantly contributed to your development as an algo trader. + +**What doesn't belong?** Algo trading 101 type posts, basic info, getting started posts.. etc.. And obviously people who are going to suggest their own posts may not get much consideration. + +So now's your time to give back to the authors who helped you on this sub. Dig through your bookmarks and let us know the content you felt was truly quality work! + +Cheers! +Hello Great Apes of the world! 👋 + +Prepare your Diamantenhände as GME enters the Russell 1000 and shenanigans abound in the options market! Join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$218.16 / 182,95 €** +- 🟩 115 minutes in: $216.40 / 181,48 € +- 🟩 110 minutes in: $216.37 / 181,45 € +- 🟥 105 minutes in: $216.10 / 181,23 € +- ⬜ 100 minutes in: $216.28 / 181,38 € +- ⬜ 95 minutes in: $216.28 / 181,38 € +- 🟩 90 minutes in: $216.28 / 181,38 € +- 🟥 85 minutes in: $216.01 / 181,15 € +- 🟩 80 minutes in: $216.10 / 181,23 € +- 🟥 75 minutes in: $216.04 / 181,18 € +- 🟩 70 minutes in: $216.34 / 181,43 € +- 🟩 65 minutes in: $214.58 / 179,95 € +- 🟥 60 minutes in: $214.46 / 179,85 € +- 🟩 55 minutes in: $214.52 / 179,90 € +- 🟥 50 minutes in: $214.46 / 179,85 € +- 🟥 45 minutes in: $214.49 / 179,88 € +- 🟩 40 minutes in: $214.52 / 179,90 € +- 🟩 35 minutes in: $214.43 / 179,82 € +- 🟥 30 minutes in: $214.34 / 179,75 € +- 🟥 25 minutes in: $214.40 / 179,80 € +- 🟥 20 minutes in: $214.43 / 179,82 € +- 🟥 15 minutes in: $214.46 / 179,85 € +- 🟥 10 minutes in: $215.81 / 180,98 € +- ⬜ 5 minutes in: $216.22 / 181,32 € +- 🟩 0 minutes in: $216.22 / 181,32 € +- 🟥 US close price: $212.31 / 178,04 € *($214.45 / 179,84 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.19246079. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received any response or seen any activity from him in nearly a month. I continue to reach out to DerGurkenraspler, but at this point I have no idea if or when he intends to resume updates. I will continue to serve as guest-host of the series in the meantime, but dearly hope that DerGurkenraspler is well and is able to return to us soon. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Let's be clear here. No one likes to lose money. Hence arguments can and will be found to support either side. + +**I hereby propose an outside-the-box solution that is NOT a fork.** + +Parity should stop focusing on the low-hanging fruit. They should not use their high-level contacts to persuade VB et al. to make a reimbursement through a hard fork of Ethereum. Parity should stop making compromising EIPs endangering the future market position of Ethereum. + +Instead they should take full responsibility and start a reimbursement fund for their unlucky customers. The whole Ethereum community can then donate money to that fund. The costs for at least a partial reimbursement of said customers/investors will be neglectable in comparison to a hard fork that will easily split a $50B project just another time. And for most - unnecessarily. + +If Vitalik et al. are persuaded to take this EIP seriously and start pushing it into the actual Ethereum code base. It'll be obvious that there exists a single point of failure in the system. And we'll see that failure get exploited extensively! + +**tl:dr; Parity fork supporters put your money where your mouth is and make unlucky investors whole again instead of endangering the long term success of the whole network.** +So I've had a reasonably successful time with my side hustle income, and I've previously been asked by several people over DM how I got into it and built it up. I figured this might be a useful way to spread some advice. According to my partner, I tend to waffle so sorry if this is long -- I will use subheadings to try and break it up. + +Disclaimer:: I'm creating this on a throwaway account as opposed to my main, as I frequent this sub. and don't want it to be seen as a humble brag. + +**Stats:** + +I will cover in more detail how I got to this point, but our household earnings are £2,500 / £1,600 after tax from PAYE salaries. But in terms of side-hustle, we get **£800** a month from a private copywriting client. And approximately **£1,500 - £2,000** per month from another online, private copywriting client, solely dependent on how fast I can work and turn around the copy. + +**How I got there -- starting out:** + +I finished university (English) a year earlier than my partner, suddenly having to deal with full-time rent, council tax, utility bills and such whilst she finished her final year. I didn't get a great new-grad salary either, so we were for lack of a better word, *skint.* I needed to find a way of making some additional cash. + +This is when I found **textbroker** \-- textbroker is a "content mill", a website where you can freely sign up to write and pick orders from a pool. There's no selection criteria. You write a trial article and get a star rating, which determines the quality -- and thus payment -- of the types of jobs you can select. There are plenty of these websits around. On this platform, I was writing around 500 words for 5-6 Euros. After conversion and withdrawal through PayPal, it didn't amount to much. But I got into an exclusive team that meant higher paid orders for a while, and I made around 2-3000 Euros writing eBay buying guides that year. + +Then I left that town and moved home a year later with my partner. I didn't write for a while -- in the face of 2 salaries coming in, it felt too much like the payments from that platform were a pisstake. I freelance tutored for a while, which was great cash, but far too time consuming in terms of lesson prep. + +**New platform -- upping the earnings:** + +A couple years after I moved home, I found **Upwork**. This platform works differently; you don't pick from a pool of orders freely. Instead, you can browse jobs and 'bid' for them. Essentially you're writing a job application. And you're up against heaps of second language speakers from developing countries who will complete work for pittance. + +I started out copy-pasting applications for a number of copywriting jobs, but had very little success -- i.e., *"Hi, my name is X, I'm an English grad. I have XYZ experience. Let me know if interested"*. + +After no success for 1-2 months, I watched a YouTube video from somebody who claims to have earned thousands on Upwork. He sold the benefits of writing long, tailored bids for each role, ensuring that your bid couldn't have been pasted and was clearly written custom for that application. + +**Then I landed my first job on Upwork**. I got paid around $800 for writing a few content pages for a website in Hong Kong. In the face of the pittance I had earned in the past, it felt absolutely insane. I continued with some smaller jobs so that I could build up a work history on my profile. $40 for checking a job application and resumé, $50 for proofing a dissertation. + +Clients can leave you feedback and a score out of 5, so it's important to do a great job and remain open to quick communication. I continued bidding very low for quick jobs, so that clients would feel they were getting a great deal for a strong / native English speaking writer. + +After a while, I felt I had enough feedback to go for bigger fish. Developed my bids into very strong proposals for each job. Landed my first long-term client, getting $250 for every batch of 10 product reviews (approx. 10k words) that I wrote. Finally, I got my now-client, who pays approx. $700-800 for every 5,000 words I write. + +On the side of all this, I pitched some blog ideas to local businesses, and landed a long-term arrangement with a local friend of a friend, for whom I write regular blog posts for abou £800 a month. + +**TL;DR** + +Basically, anybody with a good command of English can get into this kind of thing. It takes time to build up, and patience, but it can be done. If you're a software developer, well then I envy you. The pickings on Upwork for you are insane and you could make more than me with ease. + +Happy to field any questions anybody has, but I hope this has been useful! + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +I’m having a hard time finding a down side to just owning 1-200 shares of like 5-7 High div stocks and selling weekly-monthly calls slightly OTM against them for income. I see people talking about the downsides of owning stocks to sell cc’s against ie the stock, and therefore premiums plummeting, but there are some blue chips that we know for sure aren’t going anywhere that I feel like would be safe bets to hold long term to sell cc’s against and reinvesting into to keep buying more shares of ad nauseum. Can someone poke some holes in this strategy for me? +I’m only playing with about 7 k. Occasionally I will try to make a little bit of a profit on some +Swing trAdes. Will this be frowned upon if it’s done in my tfsa account. Should it only be done it my personal? And I just wanted to clarify something as well. If I have 25 k of contribution space in my tfsa. I can deposit 25 k into my account right? And any profits from that account even if it goes over 25 k won’t be taxed ? +Originally short term rentals sounded like an amazing idea. Vacation/short term rentals are in the area of ~20% range for cash on cash return from what Ive found. However I live in the midwest and my duplex generates about 25% return even after saving for repairs. Granted, I did find a good off market deal. But other properties at market rate still seem to provide good return in the 20% range. Is it worth it to get into short term rentals in vacation spots and look for higher returns? Or should I just stay in my local market where the cash return seems to be really good on quality properties? +I’m currently running my data collection (pulling from various APIs) and data processing on a local Ubuntu machine but that’s not really scalable unless I’m constantly moving the data to an external drive. I want to move to the cloud to fix this and I’m looking at AWS products which I’m kind of into, but I just wanted to know if when anyone else did this, they didn’t like AWS or found a better provider. Also cost is kind of a factor, and I’m not looking for simply running a VPS. + +Edit: I’m looking at Glue and s3 (because s3 is cheaper than a full on dataset from my understanding) I’d appreciate if someone could tell me if I’m backwards +It's my first week of letting my algo run, and I have been worried about leaving it work, especially overnight. I had some bugs that cropped up on the first couple days of trading, but I believe they're fixed now, and were bugs that never would've showed up outside of realtime trading. Should I take the risk, and let my program trade overnight and hope for the best? Will this fear always sit in the back of my head? + +I'm not trading with a huge amount of money, but I hate losing money when it's to something that shouldn't have happened. In the event that my program shuts down, I'm left with an open position that has to be manually closed, hence the air of caution. +I don't feel discouraged about ETH. I've been holding since $10 and since Dec 2016 haven't sold a single one. + +That first year of trading told me that there are a few assets worth holding if you can identify them. This article for instance does that: + +- https://np.reddit.com/r/Particl/comments/699l95/the_intelligent_investors_guide_to_cryptocurrency/ + +If you can find an asset, tool or utility that is essential, rare and *increases the convenience and ease of doing something that is commonly done* then you are on to a winner. + +If it shows signs of adoption then it's time to accumulate further regardless of short term price swings. + +For this reason my big picks for 2018 are Ethereum (ETH), Particl (PART) and OmiseGo (OMG). + +... + +**Full disclosure:** I am long Ethereum (ETH), Particl (PART), OmiseGo (OMG), Wetrust (TRST), Iconomi (ICN) and Augur (REP). + +All trading decisions are your own please do your due dilligence and independent multi-sourced research. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +So today I got a new message request and I clicked ok...and this message popped up: + +&#x200B; + +https://preview.redd.it/f8pd96vfu2571.png?width=630&format=png&auto=webp&s=0ddadd52c1d72b3b264c36a80faa1fc4f0e62ebe + +This is the profile + +&#x200B; + +https://preview.redd.it/8lzyesmiu2571.png?width=338&format=png&auto=webp&s=9bf68ad003809c411480622c0bf2204f00411701 + +So I am not sure what to do in this instance. I have extremely thick skin - but that is some abusive shit in there. So time to name and shame these fuckers + +So u/FinancialBluebird372 \- bring it on mother fucker! + +I will tag mods in here too, and happy to verify that this was sent to me directly. + +r/Rensole, u/atobitt, u/redchessqueen99, u/pinkcatsonacid. + +Take care out there Apes... + +&#x200B; + +EDIT: The reason I wanted to post this is to make the r/Superstonk community aware. I know I am a thick-skinned mother fucker - and this sort of shit does not get to me...but I know that this would get to some people, and it is just not right that any person should be exposed to this kind of abuse. We are not offending anyone\* by investing our own money...... + +\*....oh wait - there are some FUCKERS that are going to be seriously affected by MOASS...and they are some "choice" sub species of the human race. Messages like this confirms that they have no regard for any other life form other than themselves. They do not even care about their own fucking children or else a posting like this would be impossible to make. I would not wish any harm to an enemy's family - it is not their fault! +DF - Dividend 15 Split Corp. II Class A Shares + +Is paying 19% dividends, can I just throw a million in there and make almost 200k a year and never work again? Or am I missing something +The entire market keeps going further down because every 20 minutes there is another "news" report with some doomsday promoting theme. Two bots were responsible for bitcoin's rise from $150-$1000, "China" is freezing bank accounts, etc. + +Everyone is being played. You know how easy it is to put out fake news articles. You know that fake news has been used to alter perceptions and mess with elections. This is no different. Dropping false news reports to mess with market prices to cause market swings for profit is straight out of the textbook. + +There is tons of money at play, and you'd be naive to think that all the random FUD articles popping up today are intended to do anything other than instill further panic and sell-offs. Do yourself and everyone a favor, start spreading awareness of this and down vote the FUD. + +While I have come to hate everyone in this coin shilling community, I have come to appreciate you guys just as much and would hate to lose you to what is an egregious and coordinated effort to induce panic and destroy our market. +Hey all - long time lurker here. New burner account. +I’m a 32 year old physician in a VHCOL Bay Area/SF and have been out of training about 2 years. I bring in about ~420k/yr. My wife is still in training and brings in around 80k/yr as a fellow putting us around 500k. When she is done in 6 months we can expect around 750k/yr between the two of us. Currently have around 160k between cash/401k/investments. + +Rent is about 5800/month after everything. We are kind of glued to the area due to family so we can’t leave. Also, my current job is great and my wife has some good opportunities. + +Also currently chipping away at loans. 5k/month + + +Med school was expensive and each did t have much help. Current debt between us is 700k. Yikes. But when she is done we can chip away at this pretty quick. + +My question is if purchasing a house is worth it? I’m sinking almost 70k a year in rent which I’m never going to see again. I currently qualify for a doctor loan which allows little down without PMI. Placing the mortgage around what we���re paying for rent. Housing is expensive here with >1.1mil not uncommon and not a huge place. I find it a little daunting to have 1.8 million in debt between home and student loans but it seems to make sense as the housing market isn’t going anywhere and at least I can pay mortgage myself until we sell it and recoup the money. + +I know the answer is to move, pay down debt and rent cheaper but it’s currently now in the cards. + +Any thoughts? + +Thanks! + +Edit: should note small down payment would come from parents which we will pay back since cash on hand is a little tight. Both have opportunities to make more as we get going. +**SEC FILINGS** + +Form 8-k + +This form is used to report newsworthy events to the SEC, thereby making them available to the public. Included are items such as change in management, change In the company’s name, mergers or acquisitions, bankruptcy filings, and major new product introductions or sale of a product line. A Form 8-K HAS to be filed when a member of the board of directors resign over a disagreement. The 8-K is filed within four business days of the occurrence. This form is used only by domestic issuers, foreign issuers are exempt. Although ADR’s are registered with the SEC, they too are exempt because of the underlying security of foreign issue. + +Form 10-K + +Most domestic public issuers must file an annual report to the SEC on FORM 10-K. This report is a comprehensive overview of the company’s business and financial condition and includes financial statements that have been audited by an independent accountant. Do not confute this with the annual report to shareholders, which also contains and audited financial information than the annual report, while the annual report will have much more detail about the company itself and its future plans. + +The Filing Deadlines depend upon the company’s public float. For Companies with a float of $700million or more, the Form 10-K deadline is 60-days after the close of the fiscal year; $75 million, but not $700 million, it is 75 days; and less than $75 million is due at 90 days. + +Form 10-Q + +Because one year between filings is a long time and a lot can happen quickly, we also have this form, and it is filed quarterly (Q for quarterly). It contains unaudited financial statements and for all but the companies with a public float of less than $75 million, it must be filed within 40 days of each of the first three fiscal quarters of the year (no 10-Q is filed at the end of the fourth quarter—that information is taken care of by the filing of the 10-K). Those smaller firms file theirs within 45 days of the end of the quarter. + +Annual Reports + +When it comes to publicly traded companies, in general, all shareholders must receive a copy of the issuer’s annual report. For those too lazy to access EDGAR, this is the most detailed information they can get on the company’s financial position. Unlike the Form 10-K, this is usually a professionally prepared piece with just as much used for marketing purposes as it is for providing information. There is usually a welcoming letter from the CEO/Chairman of the board, and it is generally loaded with beautiful pictures of smiling people (employees and customers) and the company’s facilities. New plans for products and programs are discussed and voting proxies are included. + +Form S-1 + +SEC Form S-1 is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange, such as the New York Stock Exchange. Companies usually file SEC Form S-1 in anticipation of their initial public offering (IPO). Form S-1 requires companies to provide information on the planned use of capital proceeds, detail the current business model and competition and provide a brief prospectus of the planned security itself, offering price methodology and any dilution that will occur to other listed securities. + +SEC Form S-1 is also known as the registration statement under the Securities Act of 1933. Additionally, the SEC requires the disclosure of any material business dealings between the company and its directors and outside counsel. Investors can view S-1 filings online to perform due diligence on new offerings prior to their issue. + +Foreign issuers of securities in the U.S. don’t use SEC Form S-1 but instead must submit an SEC Form F-1. + +Form S-3 + +SEC Form S-3 is a regulatory filing that provides simplified reporting for issuers of registered securities. + +An S-3 filing is utilized when a company wishes to raise capital, usually as a secondary offering after an initial public offering has already occurred. + +In order to utilize the simplified process, firms must first meet a certain set of eligibility criteria.The SEC form S-3 is sometimes filed after an initial public offering (IPO) and is generally filed concurrently with common stock or preferred stock offerings. + +There are a variety of other requirements that must be met for a business to file the S-3 form. In the 12 months prior to filling out the form, a company must have met all debt and dividend requirements. The SEC Act of 1933 also requires that these forms be filed to ensure that essential facts about the business are disclosed upon the company’s registration of securities. Doing so allows the SEC to provide investors with specifics about the securities being offered and works to eliminate fraudulent sales of such securities. + +Form 4 + +SEC Form 4: Statement of Changes in Beneficial Ownership is a document that must be filed with the Securities and Exchange Commission (SEC) whenever there is a material change in the holdings of company insiders. Insiders consist of directors and officers of the company, as well as any shareholders, owning 10% or more of the company's outstanding stock. The forms ask about the reporting person's relationship to the company and about purchases and sales of such equity shares.Form 4 must be filed with the Securities and Exchange Commission whenever there is a material change in the holdings of company insiders .If a party fails to disclose required information on a Form 4, civil or criminal actions could result. It must be filed within two business days starting from the end of the day the material transaction occurred. + +Schedule 13D + +The Schedule 13D is also known as the "beneficial ownership report" and is required when any owner acquires 5% or more of the voting shares in a company. The report must be filed within 10 days of reaching the 5% threshold. It provides the following information: The acquirer's name, address and other background information, Type of relationship this owner has with the company, Whether the person has been convicted of a crime in the past five years. An explanation of why the transaction is taking place, The type and class of the security, and The origin of funds used for purchases. + +Form 144 + +Form 144 is required when corporate insiders want to dispose of company stock. The Form 144 is a notice of the intent to sell restricted stock, typically acquired by insiders or affiliates in a transaction not involving a public offering. The stock is restricted because it must meet certain conditions before becoming transferable. The transaction, or at least part of it, is made within 90 days of filing. Form 144 is required when the amount sold during any three-month period exceeds 5,000 shares or $50,000. + +Initial Public Offering (IPO) + +A corporation’s first sale of common stock to the public. + +Secondary Offering + +A Sale of Securities in which one or more major stockholders in a company sell all or a large portion of their holdings; the underwriting proceeds ae paid to the stockholders rather than to the corporation. Typically, such an offering occurs when the founder of a business (and perhaps some of the original financial backers) determine that there is more to be gained by going public than by staying private. The offering does not increase the number of shares of stock outstanding. + +Regulation D (Private placements continued.) + +The provision of the Securities Act of 1933 that exempts from registration offerings sold in private placements. Rule 506(b) limits the Sale to a maximum of 35 NON-accredited investors during a 12-month period with no advertising permitted, while Rule 506(c) permits advertising but requires that all purchasers be accredited investors. + + +Accredited Investor - As defined by Rule 501 of Regulation D, any institution or individual meeting minimum net worth requirements for the purchase of securities qualifying under the regulation d registration exemption. An individual accredited investor is generally accepted to be one who, individually or with spouse, has a net wort, excluding the net equity in the primary residence, of $1 million or more, or has had an annual income of $200,000 or more in each of the two most recent years (or $300,000 jointly with a spouse), and who has a reasonable expectation of reaching the same income level in the current year. + +SEC Rule Change Effective 12/08/2020 -- Individuals who hold the Series 7, Series 65, or Series 82 Licenses, are now considered accredited investors by qualification. + +There are more but these are some of the essentials to know for any active trader. + + +Edit: 0 days to 40 days for 10q filing, form S-4 to Form 4, and added accredited investor information with link to EDGAR. [https://www.sec.gov/edgar.shtml](https://www.sec.gov/edgar.shtml) +I was thinking about buying some iShares ETFs, namely AGGH, EIMI and SWDA for a simple lazy portfolio, but I saw the sustainable alternatives for the latter two, SUSM and SUSW. Of course my aim is to profit from it, but I'm also concerned with the sustainability of the holdings companies. Should I, or not, invest in the sustainable alternatives? +I was thinking about buying some iShares ETFs, namely AGGH, EIMI and SWDA for a simple lazy portfolio, but I saw the sustainable alternatives for the latter two, SUSM and SUSW. Of course my aim is to profit from it, but I'm also concerned with the sustainability of the holdings companies. Should I, or not, invest in the sustainable alternatives? +I understand the market consensus is 10 year up, tech down but there are so many media stories on this that it feels gamed...a lot of money talking this up. Any views? Thanks. +Hi, /ETFs, + +Novice investor, here. + +So, I splurged on some ICLN and QCLN a few weeks back, largely driven by FOMO. Yeah, the last few weeks have been... instructive. + +I realize there are a lot of staunch ICLN advocates on here, and I’m not here to dissuade your support of the Renewable future. I get, and share, that world view. But, I’m worried that these particular ETFs are riding a bubble, and are far more tightly tied to the price of a few overvalued holdings (say, Tesla) than one might like from an ETF. If a handful of techy, growth-oriented stocks start sliding, that’s the ball game. + +Anyway, I’m wondering if there are Green/Renewable/Alternative energy funds that are less tightly tied into the Silicon Valley arm of the renewables movement, and if so, what people think of them. + +What to folks think of GRID, for example, as a longterm holding? + +Thanks in advance for your advice! As I said... novice, here. +So I've been seeing a lot of YOLO's into stocks like MVIS and CLOV with people having 100k+ even 1mil accounts on robinhood of all platforms. So I did a quick google search and looked into who has a huge stake in these stocks. + +**And wouldn't you know it's a who's who of Shitadel and friends:** + +* CLOV Institutional Holdings: [https://www.nasdaq.com/market-activity/stocks/clov/institutional-holdings](https://www.nasdaq.com/market-activity/stocks/clov/institutional-holdings) +* MVIS Institutional Holdings: [https://www.nasdaq.com/market-activity/stocks/mvis/institutional-holdings](https://www.nasdaq.com/market-activity/stocks/mvis/institutional-holdings) + +1. SUSQUEHANNA +2. JANE STREET +3. CITADEL +4. ETC... + +Now maybe these stocks have potential, but guess what you're feeding them money if you're following any of these sus YOLO's + +**Example yolo's (even one with a very good DD)** + +* [https://www.reddit.com/r/wallstreetbets/comments/mvez77/143k\_yolo\_on\_mvis\_down\_50\_so\_you\_know\_its\_good/](https://www.reddit.com/r/wallstreetbets/comments/mvez77/143k_yolo_on_mvis_down_50_so_you_know_its_good/) +* [https://www.reddit.com/r/wallstreetbets/comments/mv8vlz/mvis\_172k\_yolo/](https://www.reddit.com/r/wallstreetbets/comments/mv8vlz/mvis_172k_yolo/) +* [https://www.reddit.com/r/wallstreetbets/comments/mv9zii/300k\_mvis\_yolo\_from\_a\_gme\_veteran/](https://www.reddit.com/r/wallstreetbets/comments/mv9zii/300k_mvis_yolo_from_a_gme_veteran/) +* [https://www.reddit.com/r/wallstreetbets/comments/mv32hs/clov\_yolo\_i\_am\_a\_verified\_retard\_or\_a\_respected/](https://www.reddit.com/r/wallstreetbets/comments/mv32hs/clov_yolo_i_am_a_verified_retard_or_a_respected/) +* [https://www.reddit.com/r/wallstreetbets/comments/mv3g94/yolo\_clov\_20k\_shares\_for\_178000\_this\_morning/](https://www.reddit.com/r/wallstreetbets/comments/mv3g94/yolo_clov_20k_shares_for_178000_this_morning/) +* [https://www.reddit.com/r/wallstreetbets/comments/muzsfj/mvis\_to\_the\_moon/](https://www.reddit.com/r/wallstreetbets/comments/muzsfj/mvis_to_the_moon/) +* [https://www.reddit.com/r/wallstreetbets/comments/mv5s76/clov\_yolo\_update\_added\_24k\_more\_in\_options/](https://www.reddit.com/r/wallstreetbets/comments/mv5s76/clov_yolo_update_added_24k_more_in_options/) +* [https://www.reddit.com/r/wallstreetbets/comments/mv1kkm/clov\_day03\_10500982/](https://www.reddit.com/r/wallstreetbets/comments/mv1kkm/clov_day03_10500982/) +* And the most suspect of them all a 1mill account on RH: [https://www.reddit.com/r/wallstreetbets/comments/mukwax/mvis\_yolo\_update\_1\_still\_in\_it\_to\_win\_it/](https://www.reddit.com/r/wallstreetbets/comments/mukwax/mvis_yolo_update_1_still_in_it_to_win_it/) +* Oh look a quick reddit search and this same guy with a 1mill RH account already pumped it up: [https://www.reddit.com/r/wallstreetbets/comments/mrfvgj/11m\_yolo\_on\_mvis\_at\_1149\_average/](https://www.reddit.com/r/wallstreetbets/comments/mrfvgj/11m_yolo_on_mvis_at_1149_average/) +* Very good DD, but the writing suggests he is not one of us: [https://www.reddit.com/r/wallstreetbets/comments/mv7gqz/microvisions\_fair\_market\_value\_should\_be\_171/](https://www.reddit.com/r/wallstreetbets/comments/mv7gqz/microvisions_fair_market_value_should_be_171/) + +&#x200B; + +**TL,DR:** I can't believe for a second that a million dollar net worth individual is buying on RH and both of MVIS and CLOV are a who's who of Shitadel and friends. They are trying to raise any money they can and divert from the one true STONK $GME. +We're currently putting 1k a year into a savings account for our daughter. We plan on doing this until she is 18. We currently have 3k put back for her. Our bank offers 0.40% APY on 36 month CDs, and I was wondering what everyone's opinion on CDs are. I know we could buy stock, but my girlfriend isn't the savvy-est on stocks, and wants something that's more predictable. Any advice is appreciated! +It’s been a hard 10 years, my wife and I had a bankruptcy 10 years ago and promptly racked up 60k of medical, credit card, and personal loan debts. + +In 2019 we said no more and heard about Dave Ramsey. We got a book at goodwill and started with the plan. He’s kind of an asshole politics wise and bilks poor people out of money using the church to recruit but the plan gives focus and you can do it without paying that ass any money. + +Step 1: + +-save 1k for emergencies, this can be hard but we had a huge sale, we sold everything we could and got 2k saved in an account. + +-every dollar of income needs to be budgeted and we used the envelope system, basically you pay cash for everything and put an envelope with money in it for gas or groceries, we put away the debt cards. + +-reduced monthly bills, we cut our cable to just internet, antenna TV and Netflix that was it. Sold our expensive phones and got cheap phones paid outright. + +-income, my wife worked her way up at a new job since 2019 and we have worked as much as we could, both people need full time work, it’s the only way to get out of poverty and attack debt. + +Step 2: + +-cut up all the credit cards and pay off the smallest first while just making minimum payments on everything else. I know it would make sense to pay off the highest interest debt first but the psychological effect of knocking off the little ones really helps. Our smallest was medical bills in collections. Then use the payment you would have been paying towards the next debt and the next one, effectively a debt snowball. + +After almost 4 years we went from 45k a year income to 110k. + +Paid off 12k auto loan +Paid off 30k in credit cards +Paid off 10k in medical debt +Paid off 29k in student loans ( minus 20k from Mr Biden) + +It’s been 3 months debt free and we are completely paid all our monthly bills with 2 paychecks, and already paid Octobers mortgage payment. + +Step 3 is get a 6 month emergency fund, about 15k. + +We still budget as if we had no money so it’s a crazy feeling we both had yesterday when she tells me with just my paycheck we are completely paid up on all bills for September and will have our 6 month emergency fund ready to go by the end of October. + +I guess we are officially out of poverty. Step 4 5 and 6 is to restart 401k and pay off house, I’m 42 and have 0 in my 401k and 169k mortgage. I was so depressed not having any retirement at my age but now I’m hopeful. + +Head down, keep moving. +From [Vanguard Ratchets Up Index-Fund Price Battle](https://www.wsj.com/articles/vanguard-ratchets-up-index-fund-price-battle-1542636000) in The Wall Street Journal: + +>Vanguard Group is lowering the minimum amounts customers need to invest to get cheaper prices on more than three dozen of its index funds. +> +>The $5.3 trillion indexing giant’s move is the latest salvo in Vanguard’s push to lure investors from rivals at a time asset managers are under pressure to slash the costs of funds. +> +>Starting Monday, the firm is lowering the minimums for admiral shares—a share class that costs less than regular investor classes—to $3,000 from $10,000 for 38 index mutual funds. The funds make up the majority of Vanguard’s index funds that are available to individual investors and include some of the industry’s largest stock and bond index funds. + +Edit: formatting on desktop, posted via mobile earlier + +Also, official communications from Vanguard: [https://investornews.vanguard/our-index-funds-changed-investing-forever-now-were-making-them-even-better/](https://investornews.vanguard/our-index-funds-changed-investing-forever-now-were-making-them-even-better/) + +&#x200B; +[https://old.reddit.com/r/Wirtschaftsweise/comments/wvyc8r/the\_euro\_continues\_to\_fall\_below\_parity\_wthe/](https://old.reddit.com/r/Wirtschaftsweise/comments/wvyc8r/the_euro_continues_to_fall_below_parity_wthe/) + +On the other side: + +Measures of dollar overvaluation entering extreme range: + +[https://twitter.com/jessefelder/status/1562110693616209920](https://twitter.com/jessefelder/status/1562110693616209920) +I'm still learning, so take it easy on me if this is a silly question. In etrade, they give you the current Iv/rank and also the IV of individual options. This is a screenshot of spdr as an example. Is one number just the spdr as a whole and the other is individual options at each strike? + +https://preview.redd.it/j4evy8hcr7181.png?width=1021&format=png&auto=webp&s=58b74c3cda154519ad71fffe563c70ee7d05bc84 +I realized recently how grateful I am that my parents will be able to retire while they're in good health. My parents (60+ M/F) both come from very poor families. They met after high school, worked and had kids, and 40+ years later, after hard work (my dad worked the graveyard shift for most of his career) combined with some luck (no major health issues, no discrimination preventing them from purchasing a home) and good decisions (living a modest lifestyle, staying in the same house for 30 years, etc.), they are about to retire. They will end up retiring about "on time" by traditional measures (65ish). Thinking of my own, relatively new journey to FIRE, I'm thankful that they are doing well. They didn't give me money or tell me about FI, but they modeled how to save, how to be happy with what they had, and how to take work seriously and do my best. And now they are giving me the gift of what I hope will be many more decades to make memories with them when they are not stressed out with work. After Covid, I have dreams of taking them to national parks in the U.S.. This motivates me to work hard for FIRE--not just so I can get there, but so I can enjoy time with those I love. Anyone else have experiences with family unknowingly motivating them to FIRE? +Read a news said that Elon is seeking new investors for Twitter at the same price he paid for it, I was wondering if this guy is trying to pull himself out of this mess he created. [And now I read this](https://finance.yahoo.com/news/elon-musk-asks-twitter-decide-021508126.html) + +Just checked the votes, there are 13 million voters with 56.6% YES and 43.4% NO. As a liar who promised not selling TSLA in the future, but repeatedly sold TSLA for accumulatively $23 billion, he has no credibility to me. I don’t think he actually thinks like that, IMO, this is just some tricks he uses to make an excuse and pull himself out of this mess. Besides, if he actually quitted his CEO job of Twitter, it’s probably good news for TSLA as more focuses are shifted to TSLA. Anyway, I am neither holding any TSLA related position, nor a fan of Elon, just want to see how this drama ends. + +&#x200B; + +https://preview.redd.it/9hykyrmx0t6a1.png?width=768&format=png&auto=webp&s=79f4679cf09d6c979952e5701e527d2f22ab3dcd +I thought it will be good to have people share there experience. Mine is catching falling knife and listening to BNN advisors. It was Concordia Healthcare, lost quite a money in it. Worst feeling is not loosing the principal amount but loosing the tfsa contribution. + +Edit: lot of people message me asking how much I lost in concordia. Let's say I had 4000 shares with avg price of 5$. Now with reverse split of 300:1 only 11 share left. +I currently own two SFH which I generally targeted the 1% rule (1% of purchase price monthly rent) when I bought them. + +We currently live in a one bedroom condo that my wife purchased for $150k a few years ago. We plan to move into a SFH soon, but it got me thinking. I can rent this for probably \~$1600/month which hits the 1% rule, however the property is now worth \~$210k. This would not meet my usual 1% rule of thumb if I were to currently buy this property. Factor in the annoyance of rental restrictions in a condo building with an HOA, and i'm strongly leaning sell and reinvest the cash in something that would meet the usual criteria. + +Does this logic make sense? It's slightly different since i'm at a decision point with us moving out, but i'm curious what the seasoned investors do when their properties have appreciated so much their original criteria doesn't hold (obviously a great problem to have). Do you have some set amount of appreciation where you plan to sell it? Do you hold until you see a good investment to put that cash towards? +First off, based on some allegations like [this](https://www.reddit.com/r/CryptoCurrency/comments/muknjy/safemoon_developers_cashing_out_early/) and [this](https://www.reddit.com/r/CryptoCurrency/comments/mumth2/safemoon_is_the_opposite_of_safe_please_dont_lose/), I made a post on r/SafeMoon for some clarity on this. My post was removed in a couple of minutes. I asked the mods for a reason and got no response. + +So naturally, I thought I might have broken a rule. I checked the rules and saw that there was [one rule in particular](https://i.imgur.com/sGQF5nU.png) which stood out. Which loosely translated, IMO, means "only say good stuff about this coin here". Red flag. + +That made sense as to why the subreddit is always getting posts from a lot of people glorifying it. + +Or were they actually people? *(cue Vsauce theme)* + +I checked the newest posts for a while. I noticed a pattern in the usernames of the posts being made. Ladies and Gentlemen, I would like to direct your attention to these users: + +u/Evening-Bluebird9402 + +u/Accurate_Repair1199 + +u/Prestigious_Mix_1876 + +u/Smooth-Currency-7774 + +u/Adventurous-Fact-354 + +u/No-Minimum-2418 + +u/ShallotAltruistic305 + +u/Wonderful_Paper_7310 + +u/Responsible-Push-539 + +u/Ok-Flight-2556 + +u/Acrobatic_Trouble220 + +u/fab2606 + +u/micsel_0991 + +u/trading___123 + +And many more. These are all accounts that have nothing but posts in the safemoon subreddit. The posts are either glorifying it or asking "How to buy more" questions. And here's the real kicker: All the accounts have been made on or around the 2 month mark. Right when Safemoon became a thing. + +Am I wrong about this? Possibly. But I urge you to check the new posts yourself. Every 3-4 posts or so, there is one post that meets the pattern. What does it all mean? Idk. Do I have money stored in this? Yes. Am I going to bail? No. Why the fuck not? Cause I willing to lose what I've put in and I like hoping I'm wrong. + +**Edit:** [One of the moderators of r/safemoon commented below](https://old.reddit.com/r/CryptoCurrency/comments/mv5nl9/i_did_some_digging_on_the_safemoon_subreddit/gvc9imb/). He makes a few points. I want everyone to hear his side of the story as well before jumping to any conclusions. [Screenshot of comment in case it gets removed/deleted](https://i.imgur.com/SxvGmQW.png) +I understand that businesses need to make money, but I think that all the cards should be on the table as far as one of the biggest trade-offs investors are making in return for getting commission free trading with Schwab. People who trade stocks often might buy stocks more now that trading is free, but they also might sell them more, therefore leaving funds sitting in cash for a longer amount of time. Fidelity, which has yet to jump on the commission free bandwagon offers money market mutual funds as sweep accounts, so your uninvested cash will earn 1.6%-1.8% (as of October 2019) while it is sitting on the cash sweep account. Schwab on the other hand does not offer money market sweep accounts and rather you get a paltry 0.12% yielding FDIC insured sweep account. Do a quick google search and you will see how many people are [hoarding cash](https://www.bloomberg.com/news/articles/2019-05-08/world-s-rich-put-a-third-of-funds-into-cash-as-trade-war-simmers) and it starts to make sense how Interest Revenue is one of Schwab's biggest revenue drivers and therefore part of the reason they are able to offer commission free trades. + +Rather than let your money sit in cash, move it into Schwab's prime or federal money market funds (SWVXX or SNVXX), or ultra short-term ETFs (i.e., ["cash management ETFs"](https://www.reddit.com/r/investing/comments/bb06dn/basic_cash_management_etfs/)) like BIL, ICSH, or JPST. Schwab's money market funds actually pay a similar or slightly higher yield than the comparable Fidelity mutual fund at the moment. Vanguard still wins in this department though by offering the highest yielding money market funds which can also serve as sweep accounts. + +I don't keep much cash in my checking account and none in my brokerage accounts and rather I use the ETF ICSH (2.3% SEC yield as of October 2019) as my short to intermediate term savings account. If you need to sell one of these ETFs or a money market fund to buy stocks, you will have to watch out for timing and free riding rules, but it shouldn't be a huge problem. + +Sorry if this has already been brought up....I understand this won't affect many people who constantly stay invested, and even still, it only has a small effect on your portfolio, but I figured I'd make a post about it just in case. I also don't mean to bash Schwab...but you have to acknowledge that they are knowingly and needlessly adding a step between your sweep account and a higher yielding money market fund for the purpose of higher revenue. Yes, ultimately it falls on the individual to handle their investments as needed, but there's no way Schwab is really doing what's in the best interest of it's customers even though they are being praised for "democratized investing" for their move to commission free trading. Fidelity has a [history of paying high interest on it's sweep accounts](https://www.barrons.com/articles/fidelity-sweep-accounts-cash-rates-federal-reserve-schwab-merrill-lynch-vanguard-etrade-51565291732) and they have constantly been mentioning it's higher yielding default money market sweep accounts but I'm afraid it's falling on deaf ears...doesn't really have the same ring as "commission free stock trading". + +**TLDR**; Schwab is making money on you by pocketing the spread between the rate on brokerage sweep accounts and market rates as part of a trade-off for commission free trading. This amounts to about $160/yr in lost interest for every $10,000 you leave sitting in cash. Move your cash into a money market fund or cash management ETF instead. + +[Schwab's money market mutual funds listed here](https://www.schwab.com/public/schwab/investing/accounts_products/investment/money_markets_funds/purchased_money_funds) + +Other options are BIL, ICSH, JPST +One of the greatest traders of our time - Nancy Pelosi. Joking aside, I was looking through her recent trades and couldn't help but notice how well structured they are. Her choices for the longs are very similar to how I set up my diagonals. + +* She's using long calls as a surrogate long stock position to take advantage of the leverage afforded by options. For example, the GOOG trade cost around $940K for her to put on. A similar stock trade would've been around $2.9MM. +* She uses two different long call strategies, based on her disposition towards the stock. + * For more developed equities like GOOG, MU, DIS, she selected slightly shorter term expirations but went further ITM. This allows the trade to behave more like long stock while decreasing the impact of theta decay on the options. + * For more growth oriented equities like RBLX and CRM, she selected LEAP expirations and chose strikes closer to the money (although, still ITM). This offers more growth opportunity in the options if directionally correct, while still limiting the impact of theta decay on the longs. +* She selected all established products with promising lines of business going forward. DIS surprised me a little bit, but since COVID they've been pivoting more and more to telecomm so I can understand her thought process the. +* The choices she made are not the cheapest method to gain exposure, however, these are well structured trades. Diamond hands Pelosi at it again. + +EDITS for all the keyboard warriors: +\-I'm not suggesting that Pelosi is actually any kind of great trader - the post is generally satire. The focus is more on the construction of the trades. +\-The post isn't about how she selects the products, if there's insider trading, etc. +\-To clarify, Nancy's husband makes most of the trades and she is required to report them. I have absolutely no idea who is actually structuring the trades, if they have an advisor, etc. Again, calling her the great trader is more of a joke than anything. + +https://preview.redd.it/qq8uz7f0e6981.png?width=884&format=png&auto=webp&s=6f223e9b43171bf5e90edfa9ae41014830e2cf92 +My Dad is in prison for roughly the next 7 years. I have control of his finances and was wondering what I could do with about $50K that would be the smartest use of the money since he isn’t using it right now. Any advice is appreciated. + +The money is legitimate and legal. I have power of attorney and his permission. I understand about costs of living in prison and will leave money aside for that. +https://preview.redd.it/c1fwauz8bmf71.png?width=720&format=png&auto=webp&s=5d7947edec174a0d3d9a10bdf6b576f7cfa107ec + +* C2: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Enhance and Clarify its Price Adjust Process and Modify the Bulk Message Fat Finger Check](https://www.sec.gov/rules/sro/c2/2021/34-92574.pdf) (Release No. 34-92574; File No. SR-C2-2021-011); see also [Exhibit 5](https://www.sec.gov/rules/sro/c2/2021/34-92574-ex5.pdf) +* CBOE: [Notice of Filing of Amendment No. 1 and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, to Increase Position Limits for Options on Certain Exchange-Traded Funds and an Exchange-Traded Note](https://www.sec.gov/rules/sro/cboe/2021/34-92581.pdf) (Release No. 34-92581; File No. SR-CBOE-2021-029) +* CboeBZX: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify the Bulk Message Fat Finger Check](https://www.sec.gov/rules/sro/cboebzx/2021/34-92575.pdf) (Release No. 34-92575; File No. SR-CboeBZX-2021-054); [Exhibit 5](https://www.sec.gov/rules/sro/cboebzx/2021/34-92575-ex5.pdf) +* CboeEDGX: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Enhance and Clarify its Price Adjust Process and Modify the Bulk Message Fat Finger Check](https://www.sec.gov/rules/sro/cboeedgx/2021/34-92576.pdf) (Release No. 34-92576; File No. SR-CboeEDGX-2021-035); [Exhibit 5](https://www.sec.gov/rules/sro/cboeedgx/2021/34-92576-ex5.pdf) +* DTC: [Notice of Filing of a Proposed Rule Change to Provide Settlement Services for Transactions Entered Into Under the Proposed Securities Financing Transaction Clearing Service of the National Securities Clearing Corporation](https://www.sec.gov/rules/sro/dtc/2021/34-92572.pdf) (Release No. 34-92572; File No. SR-DTC-2021-014); see also [Exhibit 5](https://www.sec.gov/rules/sro/dtc/2021/34-92572-ex5.pdf) +* ISE: [Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend ISE's Options Regulatory Fee](https://www.sec.gov/rules/sro/ise/2021/34-92577.pdf) (Release No. 34-92577; File No. SR-ISE-2021-16); see also [Exhibit 5](https://www.sec.gov/rules/sro/ise/2021/34-92577-ex5.pdf) +* MEMX: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend its Fee Schedule](https://www.sec.gov/rules/sro/memx/2021/34-92579.pdf) (Release No. 34-92579; File No. SR-MEMX-2021-09); [Exhibit 5](https://www.sec.gov/rules/sro/memx/2021/34-92579-ex5.pdf) +* NSCC: [Notice of Filing of Proposed Rule Change to Establish the Securities Financing Transaction Clearing Service and Make Other Changes](https://www.sec.gov/rules/sro/nscc/2021/34-92570.pdf) (Release No. 34-92570; File No. SR-NSCC-2021-010); see also [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2021/34-92570-ex5.pdf) +* NSCC: [Notice of Filing of a Proposed Rule Change to Remove ID Net Transactions from the Required Fund Deposit Calculations and Make Other Changes to the Rules](https://www.sec.gov/rules/sro/nscc/2021/34-92566.pdf) (Release No. 34-92566; File No. SR-NSCC-2021-011); see also [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2021/34-92566-ex5.pdf) +* NSCC Advance Notice: [Notice of Filing of Advance Notice to Establish the Securities Financing Transaction Clearing Service and Make Other Changes](https://www.sec.gov/rules/sro/nscc-an/2021/34-92568.pdf) (Release No. 34-92568; File No. SR-NSCC-2021-803); [Exhibit 5](https://www.sec.gov/rules/sro/nscc-an/2021/34-92568-ex5.pdf) +* NYSE Arca: [Suspension of and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Amend the NYSE Arca Equities Fees and Charges](https://www.sec.gov/rules/sro/nysearca/2021/34-92583.pdf) (Release No. 34-92583; File No. SR-NYSEArca-2021-52) +* OCC: [Notice of Filing of Proposed Rule Change Concerning The Options Clearing Corporation's Governance Arrangements](https://www.sec.gov/rules/sro/occ/2021/34-92584.pdf) (Release No. 34-92584; File No. SR-OCC-2021-007) +* Phlx: [Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Phlx's Options Regulatory Fee](https://www.sec.gov/rules/sro/phlx/2021/34-92585.pdf) (Release No. 34-92585; File No. SR-Phlx-2021-39); see also [Exhibit 5](https://www.sec.gov/rules/sro/phlx/2021/34-92585-ex5.pdf) +https://twitter.com/CharlieShrem/status/890254097009565697 + +https://twitter.com/kyletorpey/status/890253492190945285 + +https://twitter.com/coindesk/status/890256080965599232 + +http://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html + +https://www.fincen.gov/news/news-releases/fincen-fines-btc-e-virtual-currency-exchange-110-million-facilitating-ransomware + +https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged +Sorry ahead of time if I seem frazzled and don't know what I am doing. My grandmother passed away a year ago and I was left to handle her estate after she passed. I pretty much have everything settled but when I forwarded her mail to my address I noticed she keeps getting checks from these two energy companies every month. After some searching I pieced together that she has some ownership of oil wells and gets monthly royalties based on their productivity. + +The problem is that I have been trying to get in contact with an agent from both of these companies, and when I rarely do get a human on the phone they say that they aren't the right department and send me to a voicemail. It's not that much money but the bank won't let me deposit the checks in her account because obviously she has been deceased for an extended period of time. Is there anything else I can do to try and get this resolved? I feel like I'm stuck at a wall and don't have any control to get these transferred over to the beneficiaries. + + +Thank you for any help or advice. + +EDIT: Thank you everyone for your advice and responses. I never thought I would get so much attention and it's really moving that random internet strangers will take the time out of their day to help me! I appreciate you all so much! +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/mtwpit5bt9771.png?width=1426&format=png&auto=webp&s=1244d2e0fa4fa4d342fda4775162b3c12dcae185 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $212.31 + +&#x200B; + +Open Price: $221.16 + +Daily High: $227.45 + +Daily Low: $211.60 + +Volume: 3.84 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉 HYPE WEEK 🎉 + +&#x200B; + +**Monday**\- NSCC-2021-002 approved + +**Tuesday**\- Gamestop completes 5 MM share ATM offering and makes A BILLION BUCKS AND SOME CHANGE NBD + +**Wednesday**\- HYPED AND HODLING + +**Thursday**\- T+21, NSCC-2021-002 Implemented + +**Friday**\- $GME officially joins the Russell 1000 Index + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🍌🍌🍌���🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +# [Today's Jungle Beat is hanging out on our Superstonk Live YouTube Channel for another episode of Monkey Business!](https://www.youtube.com/watch?v=52JbzEuYb8A) Going live at 5PM Eastern ([Link](https://www.youtube.com/watch?v=52JbzEuYb8A)) + +Join u/sharkbaitlol and u/pinkcatsonacid as we welcome u/buttfarm69, u/broccaaa, and other apes from the community as we discuss topics such as; $GME News, 002, RRPs, Ryan Cohen's T+21 tweets, and more! We will see you at 5PM NYSE time! + +&#x200B; + +There will not be a live chat discussion for today's livestream, but feel free to use the comments here! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Relevant Posts Discussed in Today's Episode of Monkey Business + +&#x200B; + +[GME ATM Offering Complete (Link to Press Release)](https://www.reddit.com/r/Superstonk/comments/o5k6oy/gme_finished_share_offering_of_5000000_shares_of/) + +&#x200B; + +[Cohen has reached the same conclusion as u/Criand's T+21 Net Capital thesis: An analysis of tweet activity and corporate announcements](https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[A revisit to Net Capital. What is truly driving these T+21 loops, the March and June gamma runs, and how skyrocketing ETF FTDs might cause big price movements in the coming weeks.](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) + +&#x200B; + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +&#x200B; + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +https://preview.redd.it/ps5nx0bwz8771.png?width=1600&format=png&auto=webp&s=6b432b9832eb115436f72b5af4eb5c3524fa77c9 + Hey guys - been doing a lot of reading recently and figured I should share some of the cooler stuff with the community. I whipped this up quickly but can do a more in-depth dive for this and other papers if there turns out to be interest. The paper is called [A Half Century of Macro Momentum](https://www.aqr.com/-/media/AQR/Documents/Insights/White-Papers/A-Half-Century-of-Macro-Momentum.pdf) by Jordan Brooks of AQR Capital. They’re a quant fund that runs a number of successful strategies. Nothing I say here is investment advice by the way, and I do recommend checking out the paper if interested. + +**- - - Executive Summary (given in paper)** + +*I outline a systematic and diversified approach to global macro investing grounded in economic theory, and detail its performance over the last half century. The analysis shows that the strategy has the potential to deliver strong positive returns, low correlation to traditional asset classes across various macroeconomic environments, and to provide diversification in bear equity markets and rising real yield environments. This systematic global macro strategy appears to be a complement to other alternative risk premia — such as trend-following and long-short value, momentum, and carry strategies — and does not appear to be fully exploited by existing global macro managers.* + +**- - - My Summary (in layman’s terms)** + +Global macro is a type of investing that involves looking at macroeconomic factors, well, globally. These factors include stuff like unemployment, business cycles, interest rates, international trade, and monetary policy (actions of the Fed and central banks around the world). Global macro investors make predictions based on studying these factors to figure out their outlook for the economy, and invest accordingly. This means their investment universe is much larger than just stocks. They look at long-term government bonds, currencies, and interest rate-affected assets (like short term bonds). + +Momentum trading is a strategy that typically involves looking at trends in stock prices and assuming that those trends will keep on going for a short period. For example, if there is upward momentum on a stock, momentum traders want to get in now while it’s still going up. Clearly, this is usually a short-term trading strategy. + +In a nutshell, macro momentum is a macro investing strategy that pulls from momentum strategies. Instead of looking at price trends, it looks at macroeconomic trends. It goes long (buys) assets that have positive macroeconomic indicators (explained below) and short (sells) if vice versa. The four asset types this strategy looks at are stocks, currencies, long-term government bonds, and short-term bonds (the paper calls this “global interest rates”). The four macroeconomic indicators this strategy looks at are business cycles (generally, how is the economy doing), monetary policy (what is the Fed doing, is it conservative or aggressive), international trade, and risk sentiment (are stocks going up or down). + +[Exhibit 1: Summary of Macro Momentum Indicators](https://i.imgur.com/x1nJJcF.png) + +Let’s talk through how I think about this, starting with the column “Increasing Growth.” If the economy is doing well, people have money, so they invest their money into stocks, making the outlook good for stocks. Stocks usually give more of a return than bonds, so their demand goes down, as does their price, making the outlook worse for longer term and shorter term bonds — I’m aware this isn’t the full picture but it’s how I think about it, bond folks please chip in if you’d like to add anything here. Growth is good for currencies as it is accompanied by more business and foreign investment, meaning more demand for the currency - the paper talks about the Balassa-Samuelson hypothesis here, which pretty much says countries with high productivity and therefore prices for tradable goods have higher prices for services too (developed countries vs. developing countries). + +Moving to int’l trade, this is captured by looking at whether the currency is depreciating (getting weaker, purchasing power decreasing) on a 1-year basis. Depreciating currency is good for stocks (because our currency is weaker compared to int’l currencies, our goods are relatively cheaper and there’s more demand for them and the companies that sell them), bad for currencies (similar idea to momentum, if currencies have been depreciating, we expect them to continue), and bad for bonds and interest rates. For this last bit, here’s how I think about it — if my currency is depreciating and getting weaker than other currencies, global investors don’t want to be holding it (effectively, its “price” is decreasing). Something that makes a currency attractive is a high interest rate, so parking your money in that currency earns you interest, so a weakening currency’s central bank has less incentive to decrease rates. The price of bonds and other interest rate products increases as rates decrease, meaning this environment/scenario is overall negative for bonds. + +Monetary policy, captured by looking at 1-year changes in the yield curve - this is where the x axis is the term of the bond and the y axis is the interest rate paid, it’s usually upward sloping in a good economy and downward in a bad one. If the Fed gets tighter (money printer out of ink), this is bad for stocks and bonds because there’s not as much money to go into these; and it’s good for currencies because it decreases the money supply and increases interest rates (more int’l investment into our currency). + +Finally, the risk sentiment is captured by looking at 1-year stock market returns. Increasing risk sentiment is when the stock market has strong returns. This is good for stocks (momentum) and currencies (int’l investment into our stocks), and bad for bonds (who wants to invest in bonds when stocks are doing so well). + +**- - - Creating a Macro Momentum Portfolio** + +With this in mind, we now want to create our macro momentum portfolio. This will consist of a long-short portfolio (LS) and a directional portfolio (D) for each combo of indicators and assets. So there’s four indicators times four asset types times two types of portfolios meaning we’ll have 32 “sub” portfolios total that we’ll then combine into the final macro momentum portfolio. + +LS — these are market neutral. This portfolio takes a long position in assets with favorable trends (above the average) and short for the assets with unfavorable trends (below the average). Because we’re doing all this with the average in mind, there’s a theoretical neutral exposure to the market, meaning this should perform despite market movements. + +D — these take long positions in assets with favorable trends and shorts in assets with unfavorable trends, meaning there’s no computation of an average, and the portfolio can be long or short-exposed. + +So we have a LS portfolio for stocks using the economic growth (business cycle) indicator, a D portfolio for the same, an LS for stocks using int’l trade as an indicator, a D portfolio for the same, etc. Once we have the 32 total, he aggregate macro momentum portfolio is created by taking an equal weight across all 32 asset-indicator portfolios. + +It’s easy to get lost in the specifics here, so I’ll repeat what we’re doing from a bird’s eye view again. We’re looking at 4 macroeconomic indicators from generally the past year, applying those indicators to 4 asset classes to make a table like the above, and then pretty much using those indicators to predict how the asset classes will perform over the next year. Rebalanced annually. + +**- - - Performance** + +This portfolio was tested from Jan 1970 to Dec 2016. That means it’s seen the bear markets of 1987, 2000, and 2008, but not 2020. It’s also seen recessions, wars, stagflation, and disinflation. Here are the results in a table: + +[Exhibit 3: Macro Momentum Strategy Performance since 1970](https://i.imgur.com/bbeBBzU.png) + +Let’s unpack this. Looks like a consistently market-beating strategy that is un-correlated with the stock and bond markets. One question you might have is, “if this is so good, why doesn’t AQR just invest fully in it?“ The best answer here is probably liquidity — as a fund with \~$150B in assets, it’s impossible to employ your capital all in one strategy without affecting prices enough that you’d no longer be beating markets. Also, AQR’s only been around since 1998, and although I’m sure they had this research in some way or another before the paper was published, it did just come out in 2017. + +The table shows a CAGR for the strat (without accounting for inflation) of 13%, compared to [8.41% for the S&P](http://www.moneychimp.com/features/market_cagr.htm). It beats its composite assets' returns in rising yield and falling yield markets, in bull runs and bear markets (on average), and has a higher Sharpe Ratio than the S&P for the period (1.2 vs. around 1.0). It’s non-correlated with bonds and has something of a negative correlation with stocks. Does the latter number mean it goes down when stocks go up, meaning it’s gone down for the majority of the period. No. The paper calls the returns of the strategy a “smile” compared to stock returns. Here’s a graph. + +[Exhibit 2: Quarterly Returns, 1970-2016](https://i.imgur.com/ZQO1o8p.png) + +When stocks are up, this portfolio is up a bit too (that's called a slightly positive beta). When stocks are down, this portfolio is up a whole lot (a very negative beta). On average, the portfolio has a slightly negative beta compared to stocks, as mentioned earlier. + +&#x200B; + +Thanks for reading. As I said earlier, I wanted to do a quick and dirty write-up since idk if this is something people want to read. If there’s interest, I’ll do more (will probably revisit this first, make the summary about 2x longer). Either way, seems pretty cool. I'm making an automated algorithm to track this strategy right now. Can’t go tits up. +**TLDR: The real danger is not pension funds teetering on the edge. The real 'danger' is what this signifies as a catalyst for MOASS. 10-min read.** + +Bonjour, Apes and Apettes. Just checking in with a little DD snack. I do macro analysis, so it always sends a frisson of guilty pleasure along the shaft of my twitching crayon when dipshits who are long on ego and short on experience pull the pin on larger fiscal grenades and I get the opportunity to strap in for a deep dive. So here’s the 4-1-1 on why the UK pensions crisis is a bullish indicator for apes… + +Firstly, the momentous nature of this so-called 'fiscal event' must be **triple-underlined**. For context, the last time the yield curve on UK gilts [inverted to this degree](https://www.standard.co.uk/business/major-warning-on-uk-economy-as-gilt-yield-curve-turns-upside-down-b1023433.html) was shortly before the 2008 crash. + +**The Problem** + +People are up in arms about the now-former UK Chancellor Kwasi Kwarteng’s dumbass, ill-conceived ‘[mini budget](https://news.sky.com/story/mini-budget-the-key-announcements-from-the-chancellor-at-a-glance-12703687)’ causing market chaos and putting pension funds at risk. This spiked interest rates, sunk the value of the bonds, and impacted a thing called the ‘yield curve’. + +[Banks use this one simple trick to predict recessions](https://preview.redd.it/qvm7yzydmcu91.png?width=2100&format=png&auto=webp&s=8df214048bd0fd6bcb6379e25fb276466ac1d28a) + +**The Reason** + +How did he do this? Well, it goes without saying that markets - particularly fixed income markets – are totally hot for stability & consistency; debtflix and chill, so to speak. The yield curve can be viewed as a fear gauge for debt markets, similar to the VIX measuring sentiment in the S&P500 or the SKEW measuring potential tail risk with options distribution. A spike in yields is inverse to the value of the bond. This means that, while the coupon - the return - is greater, the instrument is less valuable were it to be sold on the open market. The higher the yield, the further the credit rating of the issuer falls until you find yourself in the [junk bond market](https://corporatefinanceinstitute.com/resources/fixed-income/junk-bonds/). High risk = high return. + +Shorter term bonds & gilts (the British version of T-Bonds, short for ‘Gilt-Edged Securities’) like, for example, a 2-year, are less susceptible to yield jitters because it is lower risk. The longer you commit your money – say to a 10, 20, or 30-year – the greater the risk of default, and therefore your rewards should be higher commensurate with this risk. This applies less-so to wealthy, first-world governments like the US, UK, Germany, Japan etc, than to municipal bonds or debt notes - warrants - issued by corporations. France is less likely to go bust than a semiconductor startup. Not much, but a bit. + +**The Infinite Money Glitch** + +So, much like other theories relating to catalysts for MOASS, here is where the infinite money glitch makes an appearance. Pension funds take their gilts and borrow against them, leveraging the collateral assets in repurchasing markets like GC Repo ([Gilt Collateral Repurchasing](https://www.bankofengland.co.uk/statistics/yield-curves/terminology-and-concepts)) and LDI ([Liability Driven Investment funds](https://www.insightinvestment.com/globalassets/documents/recent-thinking/eur-an-introduction-to-ldi.pdf)). They then take their new cash and buy more gilts, take their new gilts and get new cash, take their new cash and… Yadda yadda. The genius of rehypothecation is it’s totally foolproof, bro. + +**Totally Foolproof Until You’re Totally Margin Called** + +Another component in play is inflation. Inflation is not necessarily [a bad thing](https://www.dentons.com/en/insights/articles/2022/july/20/the-effect-of-rising-inflation-and-interest-rates-on-pension-schemes) for pension providers, as their investments in gilts, bonds, bunds etc can add funds to the pot despite the value for money in the end payment to beneficiaries being nibbled away at. Although more a global symptom than anything that can be entirely pinned back by national governments and central banks, the problem is that a rise in interest rates - particularly an unforeseen, rapid spike – [crashes the price](https://www.reuters.com/markets/europe/uk-bond-prices-collapse-after-sterling-hits-record-low-2022-09-26/) of the underlying gilt, wiping out the value of the underlying assets on the balance sheets and reducing the pot from which funds are able to pay pensioners. + +[That just cost your grandmother a year of early bird specials](https://preview.redd.it/ysd8hoto36u91.png?width=713&format=png&auto=webp&s=e068b92aa2151cbd39217e0dfe46681a43aa5e53) + +The yield curve states that these bonds are now worth a whole whack less were they to be sold on the secondary market, and when that value is hit, just like in any other market, [margin calls are triggered](https://www.treasuryandrisk.com/2022/10/14/uk-pension-funds-dump-assets-to-meet-margin-calls/?slreturn=20220917073223). These margin calls in turn trigger further gilt sales, creating even more sell pressure. Empty that pot entirely and the fund is bankrupt, now with no assets to raise further capital against, and the funds that people have spent a lifetime paying into suddenly don't pay them their pensions no more. For a frame of reference here, consider the unalloyed chaos that the fallout from [Robert Maxwell’s plundering](https://moneyweek.com/505757/great-frauds-in-history-robert-maxwell) of the pension funds of a single company caused (Jeez. That family just doesn't have one iota of a redeeming feature, does it?). Anyway, the infinite money glitch had escalated into an infinite risk loop in the blink of an eye, and there's no telling how far throughout the financial ecosystem this wink could spread the contagion. + +**'The pension funds! Dear GOD, won't someone think of the pension funds!?!?’** + +So why did everyone start panicking? Well, the noble-but-retarded idea of the mini budget was to kickstart the UK economy post-Covid by dropping taxes to increase growth. And remember that this was not Kwarteng's scheme alone, it was the entire reason the current UK Prime Minister, Liz Truss, was elected. They even christened it with the standard suffix, and Trussonomics was born without a hint of tongue in cheek. TrusTeng's plan was to: + +* Maintain a Corporation Tax level of 19%, cancelling a planned rise to 25% +* Scrap the 45% tax rate for those earning over £150,000 +* Bring forward a cut in the basic rate of income tax from 20% to 19% +* Cancel the 1.25% national insurance rise introduced earlier this year +* Scrap the cap on bankers' bonuses + +If you unquestioningly chow down on the veiny party member when it's offered up, then you should be convinced of causality rather than happenstance. The problem is that the plan is/was [entirely unfunded](https://www.kent.ac.uk/news/society/32453/blowing-the-budget-expert-explains-why-the-conservative-mini-budget-is-so-toxic). There were no spending cuts, and, at the same time, it would not be paid for with either further borrowing or tax rises elsewhere, inviting a bill of £45 billion. Top that off with the guys whose job it is to independently cost fiscal pledges, the [Office for Budget Responsibility](https://www.bbc.co.uk/news/uk-politics-63080164), not getting a bump of pre-warning let alone a line, and this plan's trajectory towards disaster was reaching terminal velocity. How do you cut taxes without offsetting this giant black hole with massive borrowing or spending cuts? Short answer: you don't, and thus the markets spiralled into panic, Sterling crashing to near parity with the Dollar, interest rates skyrocketing. This spike also impacted the rates that the UK government would pay to borrow money, meaning they couldn't even issue new bonds without getting hosed to the bone. Kwarteng had basically written a choose your own adventure book where every turn of the page got you eaten by orcs. + +**The Bailout** + +This forced the Bank of England into field medic mode, with Andrew Bailey launching a [£65 billion spending spree](https://www.reuters.com/markets/europe/bank-england-buy-long-dated-bonds-suspends-gilt-sales-2022-09-28/) to prop up the bond market in an effort to stem the blood loss from a blue-on-blue bullet wound. Remember that the UK government is the bond issuer. The BofE's role was to hike bond prices by injecting cash into the market. You went to dinner with Truss and Kwarteng, only to watch them get blind drunk, punch a waiter, piss on the bar, then stick you with the bill for the damages. Your reputation has been horrifically damaged by your so-called friends. Possibly irreparably. The secondary problem with injecting billions into a hot market should be obvious by now – you’ll end up in a vicious spiral of inflation and stagnation; the dreaded ‘stagflation’ – but that's a problem for tomorrow’s central banks. + +[Andrew Bailey bringing that big-D energy](https://preview.redd.it/ka5hwc2d26u91.png?width=960&format=png&auto=webp&s=00693016b186d902f265c25054de974d277c697e) + +**The Outro - What this could mean for MOASS** + +So back we go to yield curve. This 'fiscal event', this 'mini budget', was not a black swan event, wasn't unexpected (NB - ALL funds and institutions in the City worth their salt were [shorting the Pound](https://fortune.com/2022/09/26/short-the-pound-uk-government-liz-truss-kwarteng-budget-hedge-funds-george-soros/) before Kwarteng’s announcement, begging the question of whether they were given a friendly heads up), and wasn't an existential threat to world banking. Such a large number of pension funds immediately throwing up their hands and screaming girlishly that they were teetering on the precipice could only mean one thing; they were/are [dangerously over-leveraged](https://www.itv.com/news/2022-09-28/why-the-mini-budget-threatened-to-bankrupt-pension-funds). The pensions of hundreds of thousands of people – a one TRILLION-pound investment – are predicated upon dark, dangerous, fragile bets. The question is no longer 'Where have we heard that before?', it's now 'How many times this week will we hear this?' + +The issue is this: [Pension funds hedge](https://www.bloomberg.com/news/articles/2022-10-06/how-uk-pension-fund-risks-almost-toppled-britain-s-bond-market) with the best of 'em. They’re risk off by nature. They aren't savings & loans, aren't hedge funds, aren't venture capitalists. They're a different animal, given trailer loads of cash with a level of trust not associated with any other 'investment' and trusted to make 'smart' decisions with your retirement funds. This is literally the safest vehicle imaginable, with that safety baked in under UK law... But this twitch nearly bankrupted not some, not a few, but MOST. + +[Ouch](https://preview.redd.it/fjrq0vnix5u91.png?width=640&format=png&auto=webp&s=94a2abdf1ffa118e2bea6e58639c239373ae7ab8) + +**The Canary in the Coalmine** + +I [wrote about this](https://www.reddit.com/r/Superstonk/comments/ptwy8m/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) when Evergrande began to melt down; at what point will GME stand head and shoulders above the bloodbath as a safe haven? The European company with one of the largest exposures to the Chinese behemoth? Prudential. Ask a Brit of a certain age. Prudential have spent decades meticulously [crafting a reputation](https://www.thisismoney.co.uk/money/markets/article-7357543/Man-Pru-pasture-Prudentials-UK-arm-spun-off.html) as ***the*** trusted pensions and insurance provider. Not ringing a bell? Ask your parents about the ‘Man from the Pru’ campaign. I guarantee your folks, aunts, uncles, and grandparents did business with them unquestioningly. Then there’s American Century, Amundi, Aberdeen, APG, and on and on and the risk on list goes on. + +If these fund managers are looking up and pondering a potential disaster rather than picking through the fiery remains, then the meteor hasn't hit yet. However things literally designed to be bulletproof financial safe havens are proving to be anything but. Pensions aren’t the only vehicle facing existential risk, but they just might be the canary in the coalmine. + +If you believe, as I do, that the [catalyst for MOASS](https://www.reddit.com/r/Superstonk/comments/pm9v7j/put_the_oxygen_system_over_your_face_securely/?utm_source=share&utm_medium=web2x&context=3) lies at the end a series of seismic global financial events, then an existential wobble in two of the world's safest investments - gilts and pensions - should be pinging all of the buttons, buzzers, and lights on the dashboard of your GME rocket. + +Idiosyncratic danger, Rill Wobinson. + +**Post Script** + +Of course, it should be noted that Kwarteng is an ex-Secretary of State for Business and a former analyst at JP Morgan, Odey Asset Management, and WestLB, meaning he should have at least a basic grasp of economics. His replacement is Jeremy Hunt; a fiscal illiterate and failed creation of Dr Noonien Soong, so a chap clearly well-qualified to turn this shitshow around, having been a generally-disliked Health Secretary, a generally-disliked Foreign Secretary, a generally-disliked Secretary for Culture, Media, Olympics, and Sport, and a probably-generally-disliked founder of at least three failed startups. This appointment can only end well, and has begun, natch, with a total u-turn on almost every pledge made by TrusTeng, seeing the [pound trading stronger](https://www.exchangerates.org.uk/news/36751/2022-10-17-mini-budget-2-pound-and-markets-welcome-complete-reverse-of-unfunded-tax-cuts.html) against the dollar, long-dated gilts trading cheaper, and the FTSE100 up a shade. The gravity of this unprecedented move in UK politics cannot be overstated. + +**"\[Truss's\] original vision for a Conservative government has not survived contact with reality." Chris Mason, BBC Political Editor.** + +Being that this was the entirety of the platform that Truss campaigned upon, it poses the question of whether she [can stay on](https://news.sky.com/story/jeremy-hunt-announcement-live-mini-budget-u-turns-basic-rate-income-tax-liz-truss-politics-hub-12593360) at 10 Downing St at all. + +[And finally, here's Wilbur with his rocket](https://preview.redd.it/keyuouya56u91.png?width=640&format=png&auto=webp&s=5a67264f48e12d5d284c2b631c8ba2f3d266ed6c) + +As per usual; this is not financial advisor, I am not financial advice. We are in an existential economic battle with some of the most brilliant and immoral financial minds of this or any other generation, and I, for one, am having a great fucking time. + +Edit: Typos and updating read time from an earlier, shorter draft! +Last weekend I was supposed to stay in a hotel rather than face a two hour drive home. After checking in I was in the room for about 20 minutes when I found a bedbug crawling toward me in the bathroom. I took a picture, gathered my belongings, informed the front desk attendant that I was checking out and the reason why, and left. I was handed a receipt showing my card was not charged and the attendant said “call back the next day in order to get my refund”. +Of course I was still charged and have spent a week trying to get ahold of the hotel manager. Manager’s response was “we did not find any bedbugs. The room didn’t even looked like it was stayed in and as such you won’t be getting a refund per the owner”. +My question is how do I go about getting my money back? I’ve contacted corporate but they only refer me back to the hotel manager in question. I’ve disputed the charge on my credit card but I know they contact the merchant in such instances and don’t want the charge to come back. +Any advice would be appreciated. Thank you! +I’m approaching the 6 month marker in just a couple of weeks. I left the WSB sub in a full tailspin before magically crash landing onto the Theta Gang tarmac back in August. I’ll never go back. This strategy works wonders! I started with $40k and have made 4.31% a week on this strategy with an average weekly amount of over $3k. I’ll post a more detailed analysis of my trades when I reach the 6 month benchmark, but my favorite trades currently are RIOT, MARA, RIDE, TQQQ, AAPL, and ARKK. + +Have any of you managed to maintain a weekly average similar to this for longer than 6 months? I’m curious to see if this has just been a really long, lucky run that’ll sputter out, or if it’s possible to keep this up in the long term. +**Chewy crushes earnings reports, while GameStop disappoints. What is the latest news on Apple and the new AirPods Max? Should we buy AirBNB or DoorDash when they launch tomorrow? Let’s talk about this and more about the stock market** + +Hey everyone and Good Morning! So, let’s start with the recap of yesterday as we saw the [Nasdaq Composite](https://ibb.co/8zQQ165) leading the way up half a percent, the [SP500](https://ibb.co/9pFmQ0X) up .28%, both of them closing at new record highs with the [Dow Jones](https://ibb.co/bbsbdqM) also up .35% to close Tuesday. The [VIX](https://ibb.co/5MPVyNn) also showed a steady decline through the day as it dropped almost 3%. This moves in the market were caused by the [latest](https://ibb.co/Lnr5Q3X) hopes for a stimulus deal to be agreed on by the end of current session in congress as there seems to be a lot of ground on which parties can agree on. Things have gotten worse in the economy since this hole stimulus talk has been going around, so, if both parties would have been more willing to give up some ground, people would have already gotten more support and we would probably be talking about other bills or measures that would have helped even more. So, maybe this [latest](https://ibb.co/w4LYBk9) Mnuchin proposal with maybe minor tweaks would be the best chance of anything happening by the end of this year. + +We saw more companies advancing [yesterday](https://ibb.co/R9N61kK) as over 3 thousand companies were moving up, continuing the huge bull run started in November as more than 84% of companies are moving above the 50 and 200-day moving averages. The best gaining [sectors](https://ibb.co/hLpbcrx) yesterday were Energy and Health Care while Real Estate and Utilities lagged behind as Large-Cap Growth companies were the only company factor [analysis](https://ibb.co/zbJd6m2) that lost ground yesterday, with small-caps, especially small-cap growth companies largely outperforming the markets. + +You can see in this [HEAT MAP](https://ibb.co/hcMmt7x) that there were gains to be made yesterday in a lot of parts of the stock market, with only a few big red spots on the map. + +[Today](https://ibb.co/RgSDj55) we will get some numbers on the November Job [openings](https://ibb.co/VLVz771), MBA mortgage applications and Petroleum inventories. + +While we got some earnings yesterday from Chewy which dazzled again in [earnings](https://ibb.co/Jd7Scx1) with the only small miss coming in net sales per customer, but as the number of customers keeps increasing, this might continue to go down, as not every pet owner spends the same amount of big money on pets. The company [reported](https://ibb.co/WVndSgJ) an EBITDA of $5.5M vs a loss of over $9M expected with the gross margin increasing to over 25% while also giving great [guidance](https://ibb.co/h8BPK2W) for Q4 of $1.94B to $1.96B vs less than $1.8B expected by analysts. + +The company also turned around to a positive [cash flow](https://ibb.co/ys3NVTc) of over $30M. I really like this company and I expected it to be a good own at least for the next quarter until they reach more hard earnings comps next year. + +Meanwhile, as I expected GameStop had another bad [quarter](https://ibb.co/DWP4jZh) despite beating some earnings estimates with a smaller loss than expected, the revenue still continued to drop over 30% on a year over year basis while comps where even worse missing the expectations by quite a margin. + +Though e-commerce sales rose by more than 250% in Q3, this did not offset the comparable store sales. Margins also declined with hardware margins being the biggest reasons why. I think this company has a very though challenge on its hands with e-commerce being such a though place to compete in, I think the shift to online has been delayed for this company and I think it will struggle to survive, even though it might see a boost next quarter from the sales of the new gaming consoles that were released last month from both Sony and Microsoft. [GME EARNINGS HIGHLIGHTS](https://ibb.co/SymxCtK) + +I wouldn’t touch this [stock](https://ibb.co/K0cN5ds) as I think there are far better plays out there than betting on this struggling company. + +The only company that I am interested today which will release earnings results is [ADOBE](https://ibb.co/d5SBbyX) which is expected to have the best results ever for the company with an increase of over 12% in both EPS and Revenues. Last go around despite posting great results, the stock fell more than 4% in September and have just recovered to that price point. I expect it this time to go higher and stay that way if they manage to deliver the best quarter on the books. + +Meanwhile [DoorDash](https://ibb.co/FgJ5k7z) is pricing its initial public offering at over 100$/share which I believe is ridiculous, and it is an flat out joke of a valuation, this company has benefited a ton from this economy and still, this valuation implies that they will have over 50% of the total addressable market not in the US, but in the WORLD in the next couple of years, I don’t think this is a good investment opportunity, they will have increasing competition that offer the same thing for free or cheaper, this is a very though business to try and take over as one single company. People will also be way more likely to start going to restaurants maybe not in 2021 but for sure starting 2022 or whenever the vaccines are widely available in the entire world. I wouldn’t touch this stock at such high valuations, especially over 110$, even if I was looking for short-term gains which might end up being the case, I think there are better opportunities out there. + +In contrast to DoorDash, I might be interested to buy some AirBNB if the price is right after the [IPO](https://ibb.co/RBDhWW0), I think it will have a much better future, as personally I really like to rent out apartments or homes whenever I go on a vacation rather than a traditional hotel. And even though it might have a tough Q4 and Q1 next year, I expect by Q2 next year more people will be vaccinated, so more people will start and go out and travel, and with especially low comps for next year as bookings are way down in 2020 this might make the company look much more attractive by this time next year. So, between DoorDash and AirBNB, I clearly like AirBNB a whole damn lot more. + +In other IPO news, [RBNHD](https://ibb.co/WyJs5vQ) is expected to go public as soon as Q1 next year as they seek a valuation of over $20B. + +Some other [Boeing](https://ibb.co/6rN04h6) came for companies like Boeing which made its first 737 MAX delivery since the ban ended, as it is expected to start rolling out deliveries and upgrades for current planes at a very good rate with more good news coming from the UK which will suspend the tariffs imposed on US Goods. + +While [PENN](https://ibb.co/qJhKxGY) gaming ran to an all-time high yesterday after news that sports betting may be launched in Michigan as early as six weeks from now, as legalization of gambling is moving faster and faster in the US, this also bolds well for DraftKings and other gambling stocks. + +Also, [ETSY](https://ibb.co/F0vsdmD) keeps getting upgrades from analysts as they are expected to have a great Q4 suggested from the most recent November sales data. + +And finally let’s talk about Apple, as they just [revealed](https://ibb.co/dKrwT6j) the new AirPods Max headphone yesterday, with a huge price tag of 549$, this seemed to gain a pretty bad reaction from [consumers](https://ibb.co/CJ8DkLR) as [they](https://ibb.co/xz2HDXx) complained about the huge price tag with competitors like Bose and others selling similar headphones for 350$ or less. These headphones, also have a bigger price tag than even the new PS5 videogame console so we will have to wait and see if this is a successful product from Apple, I think they have gone a little overboard with the price, but rich people do tend to pay a premium for brand names. This can also be seen in the [latest](https://ibb.co/By3F6jS) analyst call from JPMorgan as customers appear to favor high end models as delivery times have been increasing for the 12 Pro and 12 PRO MAX. + +On the better side of things for Apple, the [Fitness+](https://ibb.co/Kh3KnQg) service is expected to launch on the 14th of December and it will cost $9.99/month or $79.99$/year. I expect this to be a better success for the company and to drive an even more stable increase of revenues, as subscription-based revenues are better than one-time sales. + +So, I still like this company the most in the long-term and it might see a spike in the near future, especially moving closer to Q4 results and earnings. Apple is still the biggest position in my portfolio and I am not planning on changing that anytime soon. + +Good luck to everyone in the stock market as the [futures](https://ibb.co/q7rHvL5) are mixed while writing this post with the DOW and SP500 gaining ground while the Nasdaq futures are just down for the moment. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! + [https://www.marketwatch.com/story/the-rise-of-a-mom-and-pop-investors-in-the-stock-market-will-end-in-tears-warns-billionaire-cooperman-2020-06-15?mod=home-page](https://www.marketwatch.com/story/the-rise-of-a-mom-and-pop-investors-in-the-stock-market-will-end-in-tears-warns-billionaire-cooperman-2020-06-15?mod=home-page) +TLDR: This is a story about Laser Haas and how he has been silenced every step of the way fighting this "targeted for bankruptcy" self-fulfilling prophecy with eToys against **Bain Capital and Goldman Sachs**. The levels of corruption that take place against him trying to save eToys is INSANE; there was **perjury, lying under oath, disbanding a task force that handled his complaints, bad actors pretending to represent eToys when the lawyers for both sides were actually on the same team and blocked any other lawyers from representing them, threatening whistleblowers, and even forging Laser's resignation.** + +&#x200B; + +Laser is the court appointed fiduciary of eToys that was defrauded by MNAT, Paul Traub to benefit from Goldman Sachs & Bain Capital Billion dollars fraud; that MNAT partner, Colm Connolly (BCG v GME case Judge) was arranged to fail prosecute (@realprosecutor) + +This is a doosey with a lot of players, but I guarantee its worth the read, this is why this shit continues to happen. So please read slowly. + +**Meet the infamous Judge Colm Connolly:** + +&#x200B; + +https://preview.redd.it/58nf3jcm0fs81.png?width=220&format=png&auto=webp&s=d6a49c03eb70ecbc6c54088944835de42daf5d54 + +Colm Connolly was a partner at MNAT from 1999-August 2001. + +This is the same time Mitt Romney claims to be **"retroactively retired."** + +How convenient.. + +[https://www.justice.gov/archive/olp/colmconnollyresume.htm](https://www.linkedin.com/safety/go?url=https%3A%2F%2Fwww.justice.gov%2Farchive%2Folp%2Fcolmconnollyresume.htm&trk=flagship-messaging-web&messageThreadUrn=urn%3Ali%3AmessagingThread%3A2-OTUxZDUxOTEtZmQwNy00NzU2LWE5YjItNGExY2NhMGIzYmZmXzAxMg%3D%3D&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BqicTQ2x0RJeH%2FTFEaIeOrQ%3D%3D) + +&#x200B; + +Why is this MNAT partnership relevant? + +&#x200B; + +[https:\/\/delawareliberal.net\/2012\/07\/14\/did-delawares-colm-connolly-run-interference-for-romney-and-bain-illegalities\/](https://preview.redd.it/dp3ra5trzes81.png?width=636&format=png&auto=webp&s=736a7e1ab08f03aae7250d81d8d9ba0ccef1b9f8) + +&#x200B; + +Goldman Sachs also did some very dirty shit to eToys IPO. + +&#x200B; + +[https:\/\/www.nytimes.com\/2013\/03\/10\/opinion\/sunday\/nocera-rigging-the-ipo-game.html?pagewanted=all&\_r=1&](https://preview.redd.it/dcqwgnl51fs81.png?width=684&format=png&auto=webp&s=d472c634530a6e2874376c9d5e6cd9d8ea2717dd) + +&#x200B; + +&#x200B; + +MNAT was Laser's & eToys lawyer. + +MNAT was hired to represent Laser & eToys against **Goldman** **Sachs and Bain Capital.** + +**MNAT also destroyed eToys Books & Records while benefiting from perjury.** + +&#x200B; + +[http:\/\/petters-fraud.com\/MNAT\_Motion\_Destruction\_Books\_n\_Records.pdf](https://preview.redd.it/75p43cp90fs81.png?width=563&format=png&auto=webp&s=92cde62c13b4595ec4e17c35632f0e718ca41419) + +Later MNAT and Paul Traub tried to even **bribe** him! + +He turned them down firmly and then reported it and at this time is when Colm returned to DOJ. + +Colm then used his powers there to block Laser's case even after Paul Traub and MNAT confessed to **MANY** perjury attempts. + +Once Colm Connolly was snuck back in as US Attorney, then **MNAT forged Laser's resignation.** + +They then replaced him with Barry Gold. + +Barry Gold and MNAT nominated Paul Traub to sue Sachs on **behalf** of eToys. + +**In essence.. Sachs just sued Sachs..** + +MNAT, Barry Gold, and Paul Traub pretended to be opponents when they argued to block eToys shareholders from having separate lawyers. + +&#x200B; + +Laser then finds and gets them to confess to **lying under oath in 2005.** + +&#x200B; + +https://preview.redd.it/ag3wuodaues81.png?width=856&format=png&auto=webp&s=abad313f70ba092a83d77f1c41509fb566c922a2 + +At this time the Deputy Attorney General emails Laser a promise to address. + +**Laser THEN finds out Paul Traub, Barry Gold, and MNAT are doing another $100M fraud in Kay-Bee.** + +How ballsy do you have to be to be pulling this shit? + +Maybe just maybe, if you know you will NEVER be prosecuted you can get away with anything. + +Laser becomes a whistleblower and then coincidentally **Deputy YSAG Lawrence Friedman resigns.** + +Then in 2007, he learns about Colm Connolly's resume proof. + +&#x200B; + +https://preview.redd.it/hxne0azp3fs81.png?width=981&format=png&auto=webp&s=ead6064e08cf23e068ae29ce2a7fcf3aa7ccfce1 + +Laser then files a complaint with the **Public Corruption Task Force on December 7th 2007.** + +&#x200B; + +[https:\/\/pdfslide.us\/documents\/clocked-18-usc-3057-a.html](https://preview.redd.it/s2h9nyj34fs81.png?width=625&format=png&auto=webp&s=6b85f676965258cbd2cf7399e13daf11714b27e7) + +I shit you not, a few weeks later they shut down the entire task force. + +[https://www.latimes.com/archives/la-xpm-2008-mar-20-me-shakeup20-story.html](https://www.latimes.com/archives/la-xpm-2008-mar-20-me-shakeup20-story.html) + +At this point how can you not see the blatant corruption going on in this entire ongoing corrupt fiasco? + +&#x200B; + +https://preview.redd.it/j0pwjr3s0fs81.png?width=523&format=png&auto=webp&s=d4c35692b6ac5b04026b9eac4b94a117047a3908 + +This is what happens when you try to fight injustice. + +&#x200B; + +Also a shit ton of companies list their HQ in Delaware for the tax bennies + +[https://www.mentalfloss.com/article/76951/why-are-so-many-us-companies-incorporated-delaware](https://www.mentalfloss.com/article/76951/why-are-so-many-us-companies-incorporated-delaware) + +Would make sense to illegally control the judicial side of things in this area as well. + +&#x200B; + +**Need as many eyes on this as possible lets bring some skeletons out.** + +Colm Connolly + +Paul Traub + +Mitt Romney + +Bain Capital + +Goldman Sachs + +**EDIT FOR MORE UPDATES:** + +Remember the Sith Lord Milken? + +&#x200B; + +https://preview.redd.it/rce7oucahjs81.png?width=124&format=png&auto=webp&s=67ffa5b19b1d0b2fcdfd718ccabf49dba0e6afb1 + +Milken is buddy buddy with Romney, Milken was facing prosecution. + +**Mitt Romney had a private dinner with Trump, then Trump immediately appointed Jay Clayton and Colm Connolly...... then pardoned Milken..... gotta be fucking kidding me.** + +&#x200B; + +https://preview.redd.it/pemm67ouhjs81.png?width=423&format=png&auto=webp&s=d215512895b018b037dfa9773eadec1af03ce2c8 + +&#x200B; + +https://preview.redd.it/t7k2msw0ijs81.png?width=740&format=png&auto=webp&s=429ae1d5fc62eb61072ab2572f0c7dfc0798007d + +My surface value takeaway of this exchange is that they made a deal to not indict Bain Capital and pardon Milken with said contingencies, need more digging on this. + +**EDIT FOR THE SHILLS IN THE COMMENTS:** + +Proof of Affidavit for expenses that notes he's owner CLI: + +[http://petters-fraud.com/Haas\_Affidavit\_816.pdf](http://petters-fraud.com/Haas_Affidavit_816.pdf) + +&#x200B; + +Proof of whistleblower case: + +[http://petters-fraud.com/ClockedCopyHAASmotionKBcaseMisPrisionFelony.pdf](http://petters-fraud.com/ClockedCopyHAASmotionKBcaseMisPrisionFelony.pdf) + +&#x200B; + +Cheers! +Ive learned this recently and it really has changed my life, and I think its important. I may have said a lot of dumb stuff, but my advice ive learned in the past month, even less, for people who have a very tight budget, or people in general. + +It is always said, don't buy something you can't afford. I agree. But that idea is dangerous. + +Instead of saying "i can't afford that" you should ask yourself "how could I afford that". Even for basic things, even wants. Theres some things you wont be able to afford no matter what you do. But, at the end of the day, Either check for expenses in your budget you can eliminate - or find a job or money making thing on the side. 7 hours a week more, most people could handle. At minimum wage,7 hours a weekis an extra $200/m, if you can, why not look for a part time job where you can work 7 hours a week? Or if you can't do that, you can look for a cheaper way to do it. I wanted a new car, but I had a budget of $900. I bought a non running car for $300, $300 in repairs, and now I have a considerably \*nice\* car, that I got for dirt cheap. And its not like thats something rare. If a car needs work, it is almost always insanely underinflated in price. I saw a truck that was prob worth $3k at least, maybe closer to $5k if additional work was done. $900, Why? needed transmission work. Now, it wouldn't be worth it if you hired a mechanic, but if it were me, I would take the transmission out, which I can do(anyone can, its not really hard, just takes aggressive googling), and go ahead and drive it to a tranny specialist. The majority of the cost would be just removing it and putting it in. + +Thats how to not be a victim of poverty. Most people who say they cant afford xxx could afford it if they just asked themselves "what would it take to afford this" +Posting for a friend. Her husband died Sunday night taking out the garbage, just dropped dead. + +Her husband kept her in the dark on finances. No access to bank accounts. No knowledge of insurance, 401ks etc. But expect there is nothing there because he was irresponsible with money and not the sharpest tool. So, no money. She is full time mother, she does not work, and can't afford day care for 5 if she did work. + + + +She has 5 children ranging from 3 to 17. 3 of the kids are special needs. + +They are renters not owners. + +Landlord has given 6 month notice because he no longer wants to rent out his property. + +There will be hospital debt since they took him to the hospital to try to revive him. No health insurance. + +We don't know what other debt is out there and how it should be handled. + +Need ideas + +A big one was her husband just traded in his almost paid off mini van for a new payment on a new jeep. ...without consent of his wife. The jeep doesn't even fit the kids. Is there any path to reverse that car deal? Get her out from under that payment? + +Edit: he was employed as a assistant manager at a bowling alley. + +Edit. Resides in illinois +So the story goes back in 2016 my wife and I purchased an apartment off the plan for $469k in south west Sydney. We were both earning average salaries at the time - Me $65k / Her $45k. We were very excited to get into our first place and this purchase would fit within our budget at the time perfectly! + +Fast forward nearly 2 years to 2018 and the apartment is nearly complete and its time to get finance. Given this was our first purchase we decided to seek out the services of a mortgage broker to help us navigate the finance side of the transaction. At the time the interest rates were hovering around the mid to high 4’s and everyone we spoke to kept saying they were going to go back up any day now! (how wrong they were...). So we decided that we would pick a fixed rate for 5 years at 4.05% with ING and would reassess our situation at the end of that time. In addition to fixing the rate we also made another really rookie move and when asked how much of the loan portion we would like variable with a redraw facility I quickly piped in with “The smallest amount possible please!” Not really understanding what this meant at the time... I’ve come to understand that was a terrible idea. This decision left us with a redraw facility of only $30k of which is now completely paid off with exception of $1 which we’re required to have to keep the loan active. + +So here we are now 2.5 years into the mortgage and our situation has changed for starters we’re now on considerably better money than we were in 2016 - Me $150k / Her $65k. We’re in a position now that we would ultimately like to pay this loan down much faster over the next 2.5 years and sell and move down to the south coast. The challenge we have is that if we are to break the current loan we will be slugged $19k in exit fees by ING which presumably will be added onto the total mortgage amount. My thinking is that we’ll ultimately be better off overall adding the $19k on and switching over to a variable rate and motoring down the mortgage with additional repayments, however, before I do this I wanted to do what I should have done all those years ago and ask for some advice. + +I would really appreciate any advice / recommendations anyone is willing to offer here. +I have been trying to get into economic theory for a while now. I started by reading books from Smith, Friedman, & Hayek as I like the core ideas behind classical liberalism. Their theories made a lot of sense and a lot of my economic knowledge is based on their writing. Many of my friends whom are studying economics at university (first year mind you). They say that a free market would lead to natural monopolies and unfairness in business, and that government intervention and regulation is required in the market. +Is this true? I am not studying economics, as a engineer who took interest in the field I feel as though I may be missing something. Hopefully the question isn't too involved, but some insight would be greatly appreciated. +In a WSJ article, the authors write + +> Markets seem to agree: Inflation-indexed bonds put the real 10-year bond yield at just 0.5% and see inflation plummeting to around 2% in a year from 9.1% in June. + +How can conclusions be made about a fall in inflation? Would there be a difference in TIP yield vs standard (not inflation indexed) bond yield? +One commonly accepted principle in finance is the idea that to obtain high returns, you have to take on higher risks, and vice-versa. But it seems like this principle is grossly simplistic, and even naive. One can easily imagine someone investing money in subpar investments without great returns, like their brother-in-law's handyman business, that may have no chance of a home run success, and in fact pose great risk to the principle invested. + +Conversely, there may be situations that are not extremely risky, that could provide above average returns, such as vulture investing; scenarios that the average investor would ignore due to difficulties around valuation, and how complicated the due diligence is. + +Considering the scenarios above, how iron-clad is the risk/reward framework that so many people assume as a given? +Alternative question -- how often does this occur if it does? I know that printing currency is very difficult and a trade secret but with all the technology available today, I feel like it's an arms race that is constantly being defeated and re-engineered. Once a small breakthrough is achieved, you don't really need a perfect copy of a currency to make it effective. You only need to fool a decent amount in order to extract resources from that country for free aka stealing. + +Maybe this is as prevalent as I think it is and it's just an ongoing battle that is always been there but I'm just ignorant of it. Obviously a country's citizens would like to have more money but I feel like there's more motivation for a rival country to want to destabilize another and get resources in the process. This would be a very powerful tool in order to do that especially for small countries that have their own currency which is probably why a lot of countries choose to adopt either another countries official or unofficially like the US dollar or to unify and make one like the euro. + +The more the currency is used, the more concerted effort there will be to attack it since it will bring the most value. Like now with iPhone and Android being the dominant operating systems for most phones, those are the most widely attacked systems as they will bring the most value to that effort. But if your goal is to destabilize a smaller economy and not necessarily extract value from their system using that currency directly but to instead destabilize and then take over that country eventually, it will make sense to attack a small country in this way. + +At this point I'm not even totally sure what I'm asking lol, Maybe just how prevalent is foreign sponsored currency forgery when it is being used as a tool to destabilize a rival country? +So I was looking at the IMF April 2022 Outlook and I was looking at the projections and I had a few questions regarding some of the things I noticed. + +&#x200B; + +1. India is projected to have a GDP Nominal of $4.9T in 2027 and $18T GDP PPP. I looked at China, in 2016, China had a GDP PPP of $18T and nominal of $11T. Why does China have a much lesser difference in nominal and PPP amounts compared to India? +2. Sort of related to that but what drives the nominal growth rate? China in the 2000s, had a real GDP growth of around 12% but a nominal growth rate of around 20-25%. Bangladesh is projected to have real growth of around 7% till 2027 and a 9.5-10% Nominal Growth Rate. India is projected to have real growth of 7% also around but a nominal growth rate of around 8.5%. Why do some countries have much higher nominal GDP (measured in $) growth rates than their real GDP growth rate while some have a far smaller difference in Nominal vs Real growth rates. I thought it could be due to inflation of the national currency but that doesn't explain why the Nominal GDP in dollar terms is also growing at a much higher rate. + +Thanks. Sorry if it was so much text, I was curious after looking at the outlook on why some things are the way they are. +This question is inspired by this news article: [Turkey's Erdogan urges French goods boycott amid Islam row](https://www.bbc.com/news/world-europe-54701042) + +Would it really hurt France for Turkey to boycott them? And if the boycott did go ahead, would it affect Turkey's economy much either? +Sam Seder in this clip argues that the first thing a small baker would do is raise prices rather than expand their business. Larry Sharpe disagrees. Who is correct? + +[https://youtu.be/88qXXhP-KUM?t=4224](https://youtu.be/88qXXhP-KUM?t=4224) +A current, ornery discussion is [ongoing at askhistorians](https://www.reddit.com/r/AskHistorians/comments/pt0gc4/to_what_extent_is_modern_european_and_western/), so I wanted to see where the consensus stands from an economic perspective. +From my experience, and my experience only. + +&#x200B; + +Applying my strategy exactly every day/ every time that i trade is pretty much boring. + +&#x200B; + +Don't get me wrong, I love trading(especially when I'm right lol) but being bored waiting for a signal in front of my charts is just....Well boring ! + +So the question I have, is how long this can be sustainable ? I do have the discipline to prevent me from making dumbs decisions because I'm bored but is it going to be that boring for a while? + +Also, does this means I'm not made for this ? To be a trader ? +I have been working at my current job for about 6 months. It has been very high stress the entire time and I have worked a lot of overtime just to keep up (without pay as I am salaried). I have a couple coworkers who are toxic and continue piling excess work on me, making me feel like I am not doing a good job. I have started rejecting their requests and it is causing a LOT of stress between departments. The branch manager is not on my side, and he has made a few rude and degrading comments to me when I bring up these issues. I work in a very small office (6 people). I have walked out a few times to cry, scream, etc. + + + +I believe I make a decent amount for someone with no educational background except highschool: 42K per year with a 1.3% commission. The commission only brings in about $100 extra per month, but it's something. It could grow into much more than that as well, once I have more technical knowledge. + + + + +I also have a second job at Lego, which I really enjoy. It pays only $12.77/hr and I work 1-2 shifts per week. The extra $$ really helps with savings goals and I truly enjoy working there. + + + + + +I have been looking for another job for months, but the economy where I live is crumbling (Alberta, Canada). I find it extremely hard to get out of bed in the morning to get to my full time job and I have lost all motivation to go the extra mile. I pretty much just want to quit and move on. I got some bad news from my doctor yesterday that I have high cholesterol. I work out 3 times a week and eat healthy so he suggested it is due to stress. This job is effecting my physical, emotional and mental health on a daily basis and I feel as if I've aged 5 years in 6 months. My personal relationships are beginning to suffer and my only reason for staying at this job is money. + + + +I have 10K in my emergency fund, and about 2K in regular savings. After all expenses, I can save approx. $1200/month. See below monthly breakdown. + + + +* $2600 approx. monthly take home from FT job + + +* $250 monthly take home from PT job + + +* Rent: $640 + + +* Car (insurance incl.): $466.00 + + +* Groceries & Gas: $250 + + +* Electricity: $50 + + +* Phone: $37 + + +* Misc: $100 - $200 (eating out, movies, etc.) + + +* Credit card balance $500 approx. due mid-March + + + +Can I quit and survive? Should I? I want to work at the Humane Society and help animals - they start at $27,300/yr which would be a massive pay cut for me. I would really appreciate some clarity on my situation. My SO thinks I should stick it out for the decent pay. + +Hi, Reddit! First time posting here. I know very little about refinancing, HELOCs, and real estate investing in general, so forgive me if this is a dumb question. I recently inherited a property worth about 300k, and I own the property outright. I've researched using a HELOC against the property to buy an investment property and then refinancing immediately. Sounds great, but I'm fuzzy on the actual refinancing side. What does refinancing immediately mean? + +Let's say I take a 40k HELOC out against my 300k property, and I use that money for a down payment on a second 200k property. I now have 20% equity on the second property and owe a mortgage on the remaining 80% of the property. So, on the refinancing side, do you: + +1. Use a cashout refi to pay off the HELOC? My understanding is you can only withdraw up to 80% of the home's value, meaning you have to leave 20% untouched. So, can you even do this? Since you can't touch that 20%? +2. Can you refinance your second property somehow and combine that HELOC on the first property with the mortgage on the second? +3. When you read about people doing this immediately when they buy the new property, do they literally mean immediately or after a given timeframe? If it is a designated timeframe, is it time-based like a year or until you hit a certain amount of equity on the second one? + +Sorry for the dumb questions, I just want to make sure I understand them. Thanks! + +&#x200B; + +Edit: Thank you to everyone who responded. Your feedback is super helpful! A few points about the situation that might help + +1. My partner and I have no debt. +2. We plan on moving into the inherited house since there's no mortgage/rent payment. +3. We both have six-figure incomes and no debt. +4. We thought about just buying a house with our savings, but we'd rather use the HELOC and let our savings keep earning interest in the market. +I was listening to the Adam Corolla podcast when a caller used this phrase. Corolla said "you want to be in earn a dollar mode, because it's hard to be in both at the same time." + +I think this was extremely astute. I've noticed people tend to err on one side or the other and doing both is very hard to do unless you're meticulous with spreadsheets and make FIRE a full time occupation. For many people on the path to FIRE, I think focusing on income more than expenditures will end up being more fruitful and less difficult. That's how it was in my case at least. +Good Morning Apes! + +Last night in an unexpected turn of events we got maybe some of the biggest news to come out of GameStop, unofficially, since Ryan Cohen bought in. As GME opened their NFT marketplace to content creators, artists, meme lords, and game developers. But even more interestingly ... + +https://preview.redd.it/9114lr2cda881.png?width=618&format=png&auto=webp&s=8fa44b276b88a9e9bc14b108d98b1db017dd7242 + +The possibility of a decentralized publishing system for game develops could throw GME directly into competition with companies like Microsoft, Sony, Activision, etc... Offering a way for developers to publish and more importantly fund projects. + +Imagine a game developer selling only 100,000 original copies of a game, charging a premium for that fractional IP ownership to develop the game, freeing them from the yoke of current publishing houses. Then the owners of those copies have the right to rent or sell tokenized copies of that game to others across the market place, turning each individual investor into a miniature publishing house. + +Game Developers or Individual creators selling unique in-game items through the market place for their favorite games. + +The potential is massive, not only could this potentially upset the current ingrained greenlight pathway for new games. It can create jobs and an economic opportunities for millions. + +I digress, my tits are too jackked, and I spent a good chunk of the night trying to do things with my toilet. + +https://preview.redd.it/h151i804fa881.png?width=840&format=png&auto=webp&s=b1c861ba3288f1dbf461aa83cc134241755e6d98 + +As for stock market things today, We may see some interest pick up with no official announcement yet we probably won't see straight up FOMO, but we may see some buying of the rumor. As GME prices are at yearly lows, the window of opportunity to get in on the ground floor of this could be rapidly closing. + +This also presents and interesting scenario with FTDs due today from Nov. 23 and a $20m ITM put wall erected already to stabilize price while they cover. An uptick in buy pressure could really damage their plans for washing(netting off) FTDs while stagnating the price. + +[hmm...](https://preview.redd.it/ybfrlcymga881.png?width=1130&format=png&auto=webp&s=b01b0da677f1b972dca099fcca44758f80a401a4) + +[MOASS B-I-N-G-O](https://www.reddit.com/r/Superstonk/comments/rpfabx/are_we_there_yet_moass_bingo/) DD + +&#x200B; + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +&#x200B; + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Closing just shy of our opening price we definitely saw some volatility today, but $20 dollar intraday price swings are common place now. We will continue to see these MM FTDs play out over the next few weeks adding volatility to the rest of our expected price action. Unfortunately we didn't see a lot of volume or FOMO from the NFT creator reveal but we did see some institutional options interest pick up with some June 200c $1.3m worth getting picked up hopefully more in the next week, also an official announcement in the next few weeks could be extremely bullish. Thank you for tuning in, see you tomorrow. + +\- Gherkin + +https://preview.redd.it/oy7u04gdmc881.png?width=707&format=png&auto=webp&s=60e2503fe4975fde320a13ff0a46b1296b39cbcb + +Edit 3 11:42 + +Holding the support at 150 the volume has stagnated as we move into the mid day. + +https://preview.redd.it/bxlnxdj2bb881.png?width=1601&format=png&auto=webp&s=87e71bc46d26c5abc294265430eeb7c7e416ee02 + +Edit 2 10:23 + +Failed to push through 160, but we seem to be stabilizing a bit if we get another push it could perform a bit better now that the day traders have bailed. With a bunch of puts gone at 150 it may act as a stronger support. + +https://preview.redd.it/ov4ddcm2xa881.png?width=1602&format=png&auto=webp&s=8b2453c548764e80e5d4b4f67f8ca927c3315dc6 + +Edit 1 9:53 + +Wooo...gap up the 150 put wall is not looking so good the next point of stabilization is their puts at 160...lfg + +https://preview.redd.it/bc3m60hmra881.png?width=1594&format=png&auto=webp&s=ca2de80829c8ebebc9cf6bc67f7ca48c7ea68735 + +# Pre-Market Analysis + +Small volatility spike at pre-market open similar to yesterday testing 150 and low volume at 6k it make take some time for this news to be absorbed. While the I'm bullish as fuck the market may not see this as a signal and the price action expected today is rather stagnant. With a massive wall of ITM puts in place they are ready to cover FTDs without effecting the price too much. If we do see buy volume flow in alongside these due FTDs, then things could get really interesting. But I will keep my expectations tempered for now. + +[GME 1m chart pre-market](https://preview.redd.it/lkr5el3wha881.png?width=1635&format=png&auto=webp&s=e41ef80be32fa3405b0b99651ad20fc73ac4c416) + +CV\_VWAP + +There was a little arbitrage moving into after market last night I will be checking if we get any significant volume as illiquidity is making this indicator more and more sensitive. + +https://preview.redd.it/mna32ky7ia881.png?width=2449&format=png&auto=webp&s=6970558e3c30814c04567d7da5e8741acd34f8f2 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* ��� + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +[https://www.debtdiscipline.com/want-kids-grow-millionaire/](https://www.debtdiscipline.com/want-kids-grow-millionaire/) + +Thoughts on best career choice? +XRB has been the number 1 shill on this sub for well over a month. Any criticism has been heavily downvoted, to the point where almost 100 % of the exposure XRB gets on here is overly positive. + + + +Even though I like the project, it simply can not be as good as the shills on this sub would suggest. The transaction cost and speed is amazing, but what are some challenges that XRB is still facing? + + + +And please, for once, can this sub be fair and let skeptical people have their say too? Also, no price discussion please. +**This I believe is the straw that breaks the camel's back. Hedgefunds can kick the can for a month of Sundays but they can't kick it when everything around them is burning down.** + +Evergrande is the catalyst to MOASS because there is so many caught up in it, either directly or indirectly...heck even you and I are caught up in it, whether we know it or not. + +The most recent major offshore bond coupon payment deadlines for Evergrande: + +**September 23, 2021 – $83.5m coupon payment** + +A US$83.5 million coupon payment on the EVERRE 8.25% March 2022 5-year USD bond was due on September 23, 2021. The bond, which had an initial issue size of around $2 billion, was the first major coupon payment that the world was eagerly watching as peak 2021 Evergrande fear set in around August/September. + +There was no payment made prior to the September 23 deadline, so a 30-day grace period (part of a covenant attached to the bond) set in. + +Much on the investor panic that led up to the September 23 deadline dissipated as separate reports from Reuters and the state-owned China Securities Times emerged, citing anonymous sources who said Evergrande had sent the $83.5 million it owed to a Citibank trustee account on Thursday October, 21, two days before the grace period expired. + +There was no official announcement made by China Evergrande or any other major stakeholder. Citibank and China Evergrande did not respond to Reuters’ request for confirmation. However, the news was seen as a major relief for global markets. + +**September 29, 2021 – $45.2m coupon payment** + +A week later, a September 29 deadline for a US$45.2m coupon payment (for a March 2024 USD bond) would also be missed. The same 30-day grace period came into play before a New York Times report emerged on October 28 stating that Evergrande had met the payment, one day before the grace period expired. + +Again, the source tipped off the Times on the condition of anonymity and Evergrande did not respond to requests for comment. + +More coupon deadlines payments imminent: + +**On Wednesday this week (November 10), a 30-day grace period expires for three bond coupon payments worth a total of US$148.2 million. These were initially due on October 11.** + +**The 30-day grace period covenant is also believed to now be in play for two coupon payments that were due on October 24 and two payments that were due on November 6. The four payments totaling $317.5 million.** + +**The following list of Evergrande’s most recent and upcoming coupon payment deadlines for USD bonds, to the end of this year.** + +**Evergrande offshore bond coupon payments to end of 2021 - Bond maturity dates on the right:** + +**October 11, 2021 $68.9m - April 2022** + +**October 11, 2021 $42.5m - April 2023** + +**October 11, 2021 $36.8m - April 2024** + +**October 24, 2021 $115m - October 2022** + +**October 24, 2021 $120m - October 2023** + +**November 6, 2021 $41.9m - November 2022** + +**November 6, 2021 $40.6m - November 2023** + +**December 28, 2021 $50.4m - June 2023** + +**December 28, 2021 $204.8m - June 2025** + +**As the above deadlines loom and grace periods come to an end, we can now watch on to see if the same play-book is used. Will markets once again be put at ease by mysterious, anonymous sources claiming obligations have been met and default, one again, has been staved off at the eleventh hour?** + +**With more than $700 million in offshore bond coupon payments due by the end of the this year, we could see Dr.Marco Metzler’s Evergrande bankruptcy theory proved wrong or right within weeks.** + +**Should Evergrande be liquidated in the event of a formal default, Metzler says creditors are unlikely to be paid much more than 5% of their claims.** + +**Citibank is the Paying Agent for the bonds** \- **Dr. Metzler tried to get information from Evergrande and the rating agencies about the authenticity of the alleged interest payments, so too did Stan Szymanski of** [**encouragingangels.org**](https://encouragingangels.org) (I have posted previously about) **tried to obtain the veracity of the media claims of remittance of interest and principle when due to bondholders which should be available from the paying agent.** + +**So very early on the 3rd of November 2021 Stan sent an email to Ms. Danielle Romero-Apsilos, a spokesperson of some tenure at Citi. Later on in the day, Stan also sent an email inquiry to Citi Fixed Income Investor Relations. Somewhat later, Stan placed a phone call to Citi Fixed Income Investor Relations as well. Stan received no correspondence in return from any of my attempts to obtain information that one should be able to readily retrieve from a bond paying agent.** + +**So, Stan failed, but succeeded. Stan failed in getting any confirmation from the paying agent about any authenticity as to the media’s claims. Stan succeeded in further confirming the work of Dr. Metzler who also shared that he could not come by any information to verify that the interest payments had been made from what should be a reputable resource, mainly the company Evergrande itself. Now Metzler is posting on his LinkedIn about this...credit to** u/sgslinga **for spotting this** [**https://www.reddit.com/r/Superstonk/comments/qqqn1p/remember\_dr\_meltzer\_who\_claimed\_no\_one\_has/**](https://www.reddit.com/r/Superstonk/comments/qqqn1p/remember_dr_meltzer_who_claimed_no_one_has/) + +All eyes on tomorrow or the day after for the next spurious unnamed anonymous source stating Evergrande made their November 10 payment...So I'll just get ahead of it...IT'S A BIG STINKING, FRICKING LIE! +... and I have nowhere else to share this and I just need somewhere to put it into the world. +I’ve been on disability since 2015 after two back-to-back psychiatric hospitalizations in 2012/13. Leading up to that I was working 72 hours a week as an STNA in the home health field. I worked every single solitary day for over two years. Although I’ve struggled a lifetime with mental illness, this was the first time I was on my own and free from my abusive parents. I was advised by my at-the-time psychiatrist to no longer work due to a diagnoses of catatonic schizophrenia (now deemed two separate illnesses). It was a very hard thing for me to accept. As a child, my parents involved me with what was happening with finances. They frequently used scare tactics of losing the house vs. food, filing for bankruptcy, and honestly too much for a child to carry. My dad always drove into me with intense frequency that you should ‘work hard while your young so you can retire early.” Sprinkled throughout is, imo expectedly, more heartbreak, trauma, and emotional scarring that over 13 years of therapy simply hasn’t fixed yet. All of that had a huge blow to the opportunities set ahead of me and it was seemingly for the purpose of destroying me. I was given only the advice of, “credit card BAAAADD. saving is GOOD” and that’s where it ended. Although it is not entirely bad or wrong advice, I’ve learned that it’s just not like that. I never applied for a credit card, believing that I would be doomed for eternity to financial suffering and I would be denied because of my disability. And it’s all just a bunch of bs to keep me small. I know. What assholes???!! + +Well I’m happy to say that my parents didn’t break me and they didn’t stop me. I now have had a credit card for 4 months, a paid off student loan for a year, a credit score at about 680 and finally... the cherry... however small.. is the $500 in my long-term savings. Although paying off a student loan is huge, a good score is... well, GOOD.. I honestly have felt that that long term was stuck. Everything saved was kept short term and depleted time and time again. Even being on the wimpy “survival” income I have from SSDI I was able to do all of this. I just wanted to share that with you all. I want to only be a quick reminder that you can do it. We can all do it. Even on limited income. We will not be broken and we will not remain broke. +Thanks guys + +TL;DR Abusive parents. I’m on SSDI and managed to pay off student loan, saved $500 in long-term savings account not to be touched. Kinda a big deal to me. I just want to say yay me. You can do it! Thx +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) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +So it looks like this global recession is going to pop off because everything I hold has gone to shit. + +In the GFC and COVID crash, when China is in trouble they just buy heaps of iron ore and it's good for our boomer stonks and AUD. + +I'm moving overseas where everything is pegged off the freedom buck so I'm shelving this Hopium to keep me optimistic. Anyone want to destroy my last bit of hope and tell me why I'm wrong or 'this time is different'? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +&#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 +due to family circumstances, I will be travelling from SFO to Chicago and back once a month for the next few years. I want to make the most of this. I don’t fully understand airline points etc but figured there must be some opportunity to make money or save money here. thoughts? +I don’t want my dad to go back to jail; but at this point, I’m willing to do what I need to do to get MY life back. I have been denied housing, transportation, etc. all because he has opened several accounts in my name. The frustrating part about it is when i dispute these with Equifax, Experian, etc. they don’t believe me for some reason. + +How can I escalate this? My father and I have the same name, except I have an additional middle name…which most of the time, I’m unable to add to the middle name part of applications & such (can only add one initial for the middle name most of the time). + +I’m done letting my dad ruin my life. I want financial flexibility and the peace of mind knowing he will never do this again. I am begging for any and all advice. + +EDIT: I always thought of Reddit as somewhere to go to get people’s “real life” opinions on random topics; video games, favorite 3 topping pizza combo—etc. I never knew that today, I would learn that this is a family. YOU ALL SHOWED OUT TODAY!!! I laughed, I cried, I reminisced, and I sat alone without my phone & did some deep thinking. I want each of you to know how much your input means to me; this post was never supposed to get this type of attention, and while it’s a sad situation, there is comfort in the empathy, love and protection you all have shown me. From the bottom of my heart, I am GRATEFUL for you all. I love you guys. +Call all your credit card companies and ask to have your payments waived temporarily. I have called all my credit card companies (6+) and all of them are offering to have your monthly payment/due date waived for at least one month, possibly longer depending on how the current situation evolves, but they said to just call back every month as long as needed. I even got Wells Fargo to waive/refund last month's interest charge and an overdraft protection fee on my Propel credit card. + +Obviously, you don't want to be carrying balances but of course many do and especially now even those who pay off every month MAY have to temporarily carry a balance. +I work in a MHCOL city, making ~$1m a year, and have an offer to move to a similar company, doing similar work for more like $1.5-2m, in Manhattan. I'm young, and currently spend <100k a year. Longer term, I plan to have kids. The biggest trade offs for me are that I'm not sure what it would be like to raise kids in NYC. It feels like you either choose to live in the suburbs and sacrifice on commute time, or live near the city. + +Financially, it seems to make sense (COL diff more than covered by difference in comp). The real question is quality of life for raising kids in NYC with a stay at home spouse, versus in the suburbs of a smaller city. Figured some of the problems of raising a family in NYC go away if you're willing to pay up enough on housing, schooling, etc. Is that your experience? How much would you estimate that cost at? Any advice is appreciated. +Throwaway account for anonymity. + +* Edit: We live in Western Europe (I've converted all of the numbers to USD as that's the currency I usually plan in and I think it makes things easier for most on this sub) +* NW $4.5M. Edit: I don't need more but I still haven't decided to quit my full time job, although part of the reason for the house upgrade is I'm thinking about quitting but I haven't decided when or what I'll be doing when I do quit. I have lots of ideas and am confident I will be busy if I want to and won't get bored. If I quit, I'd like to spend more time with my kids. +* Total comp of $260k / year +* Growing passive income (equity + RE) at about an additional $75k per 6 months through reallocating of stock in public company stock (currently at $2.5M) to other stocks & rentals (mix of building equity and cashflow). +* Currently living in a practical townhouse (worth $600k and is 1400 sq ft) with a pretty small backyard. Edit: Some comments have suggested buying a neighboring house. I haven't thought about it before however, our neighbors' yard are very small as well so it would not be feasible to get something sizable where we could have a pool, for example. +* We really like our location, it's not in a fancy area but there is a playground within 50 meters of our house and another park within a 5 minute walk. Our kids are 10 and 6. They have friends in the neighborhood and can leave to play outside without any supervision as we live in a very safe area. We really like that freedom for our kids and the fact that kids from the neighborhood often come to get my kids to play outside. Edit: I think I've overstated the number of friends my kids have. In reality, they have 1 close friend each. The other kids are people my kids play at the park with. +* Our current house is getting tight. Buying the a house in the current location is not really an option, to get what we want will cost us over $4M and the houses in the area are usually older houses. +* We'd like more space to have things like a sauna, extra bedrooms for guests, bigger backyard, car garage, and a dog. We found a very nice house in a different area: $2M, 4300 sq ft, massive backyard (will require quite a bit of maintenance). We'd be putting 25% down at 1.1% interest rate locked for 10 years. The house is almost new and is in an area where all homes are completely stand alone with gates in front of each house. Our offer has been accepted and we are going through the process (we can still back out) + +I have several concerns that I'm fighting with (notice I and not we because my wife thinks we can solve all of these. Edit: I failed to mention that my wife is supportive to stay in the current house, it's not like she's pushing us to get a bigger house, we both want to have a bit more space and a larger backyard): + +* The biggest one being that our kids will no longer have the freedom of easily going outside and finding other kids to play with nor will other kids randomly stop by the house to get our kids. There is also no playground very close to the house so it would be harder for them to meet other kids. I feel like this will take some of their current freedom away. +* I'm also a bit worried about not feeling comfortable in such a big house (to me, mentally, it feels pretty big). When we've gone to visit the house (twice), I did like how quiet, spacious and peaceful it felt but still, there is something that bothers me when I'm back at my current house, I can't quite put my finger on it. Edit: As many have pointed out, it can feel like everyone is in their own corner and the family becomes disconnected. I don't think this would happen to us but that's probably what's bothering me. +* The new area adds about 8 minutes one way to drive the kids to school (going from 14 minutes to 22 minutes). I've done the drive and it seems like it's not the end of the world. We would lose the opportunity to bike to school which is pleasant on a nice day. +* In terms of money, our monthly payment will triple. It's a bit concerning but we're mostly ok with that. I'm super frugal but I think I'm able to get through the challenge of spending extra money for our family to (hopefully) improve our situation. +* It'll also be quite a headache to furnish the whole place, change things to how we want them to be but I guess that's the goal in the end. Edit: After reading the comments, I realize that this is not a real issue, I'm fine with this now. +* Edit: I failed to mention that I have talked about this move with my kids, they have visited the house and they are ok with the move, in fact, they like the new house. They also understand that we'd have to schedule playdates instead of them having the freedom to just ring the door bell at their friends next door. + +&#x200B; + +All of these points have been stressing me out and as a result, I've been waking up sweating at 5-6am for the last 4 nights (I'm not a morning person -- usually wake up at 7am and snooze my alarm several times). + +Perhaps I'm overthinking this? I would appreciate any advice, especially if you've been in a similar situation and have gone through with it. Any regrets? + +Edit: Woha, thank you for all the comments, I've added additional information based on the comments to provide a better picture. +nonspon answers only please + +EDIT: there have been a lot of fantastic answers in this thread. i didn't believe the shop around comments at first as i know supermarkets have different bargaining powers and are highly competitive, but from a 10 min research of my usual shop i got about a 3:2 ratio split lowest price-wise. 10/10 best recommendation im doing this from now on :) +I currently live in NYC, and my pockets are hurting. I make low 6 figures, and both taxes and COL and crazy high here. + +I have the option to work remote. I’m looking for a city with either low income tax or low COL or both? + +The only thing I really need in a city is a good transit system, I don’t own a car and don’t want to. Which is why I prefer ‘big’ cities. +Humbly I gift my eBook to the entire community for free. No strings attached. May this information help you help your loved ones and yourself to prepare for 2018. Feel free to share it with whoever you think could benefit. + +"Practical Guide to Bitcoin Investment 2018 - Helping the Early Adopters" +Full PDF uploaded to docdroid. Enjoy the read. +http://docdro.id/6acfHMo + +My landlord doesn’t live in the US (if that matters) and has requested that I pay rent via PayPal. The first time I made the payment, I labeled it as goods and services. Shortly after, I received an email from my landlord telling me to label it as personal. This didn’t sit right with me so I kept labeling it as a business transaction. Well, rent is due tomorrow and I just got an aggressive email about how rent needs to be labeled as personal and that PayPal wants “too much information” for a business transaction. I’m convinced this has to be a way to dodge taxes but I don’t know enough about PayPal and how the IRS keeps track of things like this. + +Today, I decided to just give in and label it as personal since I already have a somewhat rocky relationship with the landlord. Turns out when I do that, I now have to pay the fee. Nowhere in my lease agreement does it say that I have to pay these fees. Can my landlord make me pay these fees? + +Edit - this is a reoccurring question. My lease states that I pay rent by the first of the month through PayPal using the landlords email. There are no specifics beyond this. The request to label the transaction as personal came after I had moved in. There is also no mention of paying any fees that may occur. + +Edit - from what I’m aware, this person does own the property. At least, the name on the deed and the name on the email match, not that’s much to go off of. I have never met this person nor do they speak English. If I am getting scammed or someone hacked their account and is posing as them, I honestly wouldn’t know. We do have a property manager who has met this person but I don’t know much beyond that. +I'm not trying to start and argument here, I'm just curious if I'm the only one left. + +Sometimes I really [feel like this](http://www.youtube.com/watch?v=tIxVetiqRiA) here on /r/economics... +Today on the AMD dip I started buying calls thinking it would bounce. I kept buying more and more averaging in thinking it would bounce. Obviously it didn’t and I lost over 7k. I am obviously not happy losing this amount of money in 3 hours. + +For some reason, I have trouble respecting and executing a stop. I know how important they are, and even tried to make a checklist to force myself to do it, but in the moment I just can’t. Today, I was so sure it would bounce. We know what happened. + +Does anyone else struggle with this issue? (Not being able to take a loss because you’re too stubborn or can’t admit you’re wrong and move on?). It is an issue I am really struggling to overcome. + +On another note, has anyone lost this much or more in one day? How do you deal with the losses? Feedback appreciated. +I purchased a home two years ago using an FHA mortgage. It's going to cahsflow about $500 a month and I got it under market value and it's appreciating nicely. I want to rent it out and buy another property. Should I establish an LLC and transfer the deed to it or establish a trust or a trust that owns the LLC? My lender isn't going to force me into a new loan on transfer. Looking to establish the LLC in a tax advantages state like Wyoming if that's the route I go. Looking for thoughts and feedback. I want to do something that is repeatable for each property I buy and will make sense down the road. +I remember there was a lot of nervous excitement, but everything was still a bit of a laugh. We had never heard of Citadel, the VW squeeze only got a few mentions, and we didn’t know about variance swaps and stuff like that. FTDs were really the first technical thing to come up, but I can’t remember when that was. + +Even though things are much more serious now, I have a feeling in my bones that’s eerily similar to last year, and I can’t quite put my finger on what that is. +$EYE the token is hard capped at 10M supply and will burn on trades on Behodler, which will begin once the liquidity event starts. You can see on Coingecko that the total diluted supply is already down 9.89M due to some burning. + +$EYE is a combination of governance token like Uniswap and utility token which is deflationary. The current circulating MC is 10M - extremely low for a DEX, but this is simply very early. + +Briefly, **what’s different about this DEX?** It is built on a single omnischedule token bonding curve contract which offers up to 60% cheaper gas fees due to its unique design and ability to complete swaps on a single smart contract. This is likely to be an important popularity point as Behodler moves to add 100+ tokens in the near future. Also, Behodler minimizes impermanent loss and allows single sided pooling (no ETH pairs required like Uniswap). Detailed information on all aspects of Behodler is available on their [gitbook](https://behodler-io.gitbook.io/behodler/) + +Here’s some updates: +[Cryptowise](https://youtu.be/VuLWxr44OLI) did an excellent and well-researched segment on $EYE - please feel free to check out his overview of the DEX as it covers a lot of fundamental points in an easy-to-understand way. + +Next on the timeline is the liquidity queue, similar to liquidity mining on other exchanges, which will initiate an infusion of liquidity into Behodler by leveraging some of the reward treasury wallet (the wallet holds 3.5M EYE but not all will be used on a single event). As a holder you will be able enter your $EYE or three other tokens into the queue and receive a reward back. I won't get into all the details here to keep this simple. + +The liquidity queue will first be in private beta (which should begin within the next week) in order to perform calibrations, and there will be a minimum number of $EYE required in wallets to enter the beta, though we have not been told exact details yet. You can see all the updates on the github. Without getting into too much of the complexities here, the goal of the liquidity queue is to accrue and increasing amount of permanently locked liquidity in Behodler, contributing to its anti-fragility and imperviousness to vampire liquidity attacks like the one on Uniswap from Sushiswap, as well as mainstream usage through DEX aggregators and other ways. + +Anyway hopefully you guys can see the contrast in potential between this project and the deluge of meme coins we’ve seen recently. In my opinion not only is there massive potential here, even if we see some pumps along the way, we haven’t seen anything yet until the liquidity event begins and $EYE trades on Behodler will actually start burning as well, so it will become truly deflationary. + +Behodler's **telegram** and **discord** channel can be found through Coingecko, and $EYE can only be bought on **Uniswap** right now until the beta liquidity event begins, where it will start trading on the Behodler. +I have my entire year planned out, savings goals in place, and FIRE constantly on my mind. I'm determined but, then things like this happen: + +My friend posted a link to a concert announcement in a group text. Naturally, everyone was excited and chatting about it. Almost instantly, I decided that I couldn't/wouldn't go. The tickets were expensive and the flights to get there even more so. + +Fast forward a week and the tickets go on sale. My phone BLOWS UP with everyone saying they bought their ticket, making plans, etc. So, I am sitting there feeling left out and lonely af. A few minutes later, I'm entering my credit card info and I spend $1000. ($300 for the ticket, $700 for the flight). I instantly feel like shit. $1k to do drugs and dance with my friends for two days. Worth it? Idk. + +I am still on track to save $40k this year but it's only February. I'm sure there will be many more random concert/festival announcements in my near future. This always happens to me. I feel left out and decide to fly halfway around the world and spend ungodly sums to hang out with the people in my life. How do I deal? + +EDIT: Ok, your responses are really good. Here's my action plan. + +1. Fucking be realistic in my budgeting. Be sure to have a fund for random fun times. +2. Adjust my perspective on FIRE. It's not a zero sum game. This isn't a religion. I can create my own vision of FIRE which complements my life and goals. +3. Figure out why I feel negative emotions when I am unable to or decide not to attend events or go on trips that I'm invited to. This is a difficult one but, it's clearly necessary. + + +EDIT 2: Ahh, the good comments keep coming. You guys have seriously made a positive impact here. Thank you. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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It will host an investor conference call at 5:00 pm ET on the same day to review results. This call and all supplemental information can be accessed on GameStop’s IR website: + +# [https://investor.gamestop.com](https://investor.gamestop.com/) + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/z8hbwr\/with\_our\_powers\_combined\/ ](https://preview.redd.it/2m6dmsvn3i4a1.png?width=640&format=png&auto=webp&s=07b8ca6cc44fda1df66878b634ab1a1f0da2e20a) + +Will we see an updated number of shares transferred to Gamestop's transfer agent? As investors, it's important to get all the information possible regarding the company's stock, and 'the number of Class A Common shares direct registered' with their transfer agent is something a lot of us personally look forward to seeing. + +Learn more about what's included in a 10Q: + +>[Investor.gov 10Q glossary](https://www.investor.gov/introduction-investing/investing-basics/glossary/form-10-q) +> +>[SEC breakdown of 10Q](https://www.sec.gov/about/forms/form10-q.pdf) + +https://i.redd.it/63ttjo0r9j4a1.gif + +The Wall Street consensus estimates for GameStop (ticker: GME) is to report October quarter revenue of $1.345 billion with an adjusted loss of 28 cents a share. Analysts' consensus estimate for the current quarter's revenue is $2.399 billion. + +&#x200B; + +[Broader Market News](https://apnews.com/article/inflation-health-new-york-business-earnings-696d52908c270190cd8481cb531f563a): + +* Every major index is on track for weekly losses. +* Treasury yields fell significantly. The yield on the 10-year Treasury slipped to 3.44% from 3.53% late Tuesday. +* Inflation, the Fed’s aggressive interest rate increases and recession worries remain the big concerns for Wall Street. Economic updates later this week could give investors more insight into inflation’s path ahead and how the Fed will continue fighting high prices. +* The central bank is expected to raise interest rates by a half-percentage point at its meeting next week. It has raised its benchmark rate six times since March, driving it to a range of 3.75% to 4%, the highest in 15 years. Wall Street expects the benchmark rate to reach a peak range of 5% to 5.25% by the middle of 2023. +* New CPI numbers coming out next week for November. + +[Comment against this Federal Reserve FDIC Proposal](https://www.reddit.com/r/Superstonk/comments/zdebh6/comment_against_the_federal_reserve_fdic_proposal/?utm_source=share&utm_medium=web2x&context=3) + +[🟣Why haven't you registered your shares yet? Do you need help? Have you registered and want to help? Get in here!🟣](https://www.reddit.com/r/Superstonk/comments/za05k6/why_havent_you_registered_your_shares_yet_do_you/?utm_source=share&utm_medium=web2x&context=3) + +[Comment on our rules here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + + [🎄❄🎄Toys for Tots 🎄❄🎄](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) +The SEC just approved NSCC-2021-006, effective immediately today. + +&#x200B; + +https://preview.redd.it/8cq0vvwzory61.png?width=631&format=png&auto=webp&s=f858436624382514462d6794c2d895aa1d2bc57b + +Here is a link to the announcement. [https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) + +There are plenty of posts on this over the past couple of days including: + +[https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification\_of\_nscc2021006/](https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification_of_nscc2021006/) + +[https://www.reddit.com/r/Superstonk/comments/n7svvu/queenkong\_replies\_to\_the\_006rule\_in\_other\_words/](https://www.reddit.com/r/Superstonk/comments/n7svvu/queenkong_replies_to_the_006rule_in_other_words/) + +There was some confusion over the announcement of this rule a few days ago around the SEC still needing to approve rule changes, but not having to wait 10 days to approve a new rule. + +This rule also clarifies terminology and clarifications of rules. + +I am still reading the final approved version and will add a summary as I go. Feel free to help if you have time. + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +Edit 1: On page 14, they kept the proposal to remove the 10-day approval window. + +"NSCC is proposing to **delete a requirement in Rule 33 that Members and Limited Members be given 10 business days’ notice of any proposed amendment to the Procedures.** NSCC is also proposing to replace “immediately” with “promptly” in Rule 36 in order to provide that NSCC will promptly—but might not immediately—notify Members and Limited Members of any proposed rule changes. NSCC believes that the foregoing requirements are not necessary or practical because, as explained below, Members and Limited Members are already provided adequate notice of any changes or proposed changes to NSCC’s Rules or Procedures through the rule change process." + +\~\~\~\~\~\~\~ + +Edit 2: Additional clarity around rule approval on page 14/15 + +"Under the rule change process, generally, before a proposed rule 15 change may take effect, (i) the change and an explanatory statement must be filed with the Commission and posted by NSCC on the NSCC Website, (ii) notice of the filing and the substantive terms or description of the change must be published by the Commission in the Federal Register for public review and comment, and (iii) the Commission must approve the change (or the change must otherwise be permitted to take effect)." + +\~\~\~\~\~\~ + +Edit 3: More clarity on rule approval on page 15/16 + +"NSCC is required to follow: (1) a specified process12 whenever it proposes a new rule or a change or amendment to its Rules and (2) a specified process13 whenever it proposes to make a change to its rules, procedures or operations that could materially affect the nature or level of risks presented by NSCC. These rule change processes provide notice to Members and Limited Members and provide an opportunity for those parties to comment on such changes. Rule 19b-4 under the Act requires that NSCC post any rule change proposals on its website within two business days after the filing of a proposed rule change,14 post any rule changes that are approved by the Commission within two business days after it has been notified of the Commission’s approval15 and post any rule change within two business days of the Commission’s notice of such proposed change for rule changes that are effective upon filing.16 NSCC complies—and will continue to comply—with such notice requirements which it believes are adequate. " + +\~\~\~\~\~ + +Edit 4: Interesting clause on page 19, around the ability to suspend the rule change within 60 days of filing. + +" III. Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)21 of the Act and paragraph (f)22 of Rule 19b-4 thereunder. ***At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act***. " + +\~\~\~\~\~\~ + +Edit 5: Starting to read Exhibit 5. This might be the interesting part... + +\~\~\~\~ + +Edit 6: Wondering if someone could provide clarity on how these exhibits work. There is some interesting wording on page 5 of exhibit 5 ([https://www.sec.gov/rules/sro/nscc/2021/34-91881-ex5.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-91881-ex5.pdf)), around illiquidity ratios. Are these exhibits just examples or actual definitions for these rules? + +" the “illiquidity ratio” of a security on any day is equal to (i) the price return of such security on such day (based on the natural logarithm of the ratio between the closing price of the security on such day to the closing price of the security on the prior trading day) divided by (ii) the average daily trading amount1 of such security over the prior 20 Bbusiness Ddays." +Massive lineup, store is cracking to the brim! +You can feel the excitement! Here with my son to spend some of those GME gift cards!! + + +Million words million words million words million words million words words million words million words million words million words +For example, these seem to be pretty standard in the US. You lock in an interest rate when you get the mortgage and thats it, no renewing the loan every 3, 5, 10+ years. + +Where as in the UK, 30 year fixed rate mortgages are basically unheard of. What gives? +Title says it all. I am 25, I’ll finish school in one year and I’ve supported myself the entire way off of the money I made myself. I’ve learned to live pretty frugally and soon I will have access to large amounts of “disposable”(investable) income. + +Even if Bitcoin crashes I’ll just use that time to accumulate tonnes and tonnes of cheap sats. I’m hoping to retire somewhere nice at 35 years old. + +Thank you Bitcoin and FIRE communities. +I’m close to 6MM as I type this (it’s fluctuates a lot based on my investments and business). I’m literally the only millionaire I know. Most of my fiends make under 100k. I never knew a rich guy growing up or had any peers with money. How does this shake up your world when people know. I’m going to retire this year in my early 40’s. People will know and find out. + +If you’re like me how did this shake up your world when friends found out. I’m not worried about my family because my brother is the only other millionaire in my family. +At 38, I am basically starting fresh(under 10k in retirement savings) but have found myself in a position to aggressively catch up. I have just made a 6 month emergency fund, paid off my outstanding debts, raised my credit score in to the mid 700s, and have reduced my living expenses to roughly 25% of my take home(including entertainment etc). + +Currently, I'm on track to max my 401k and my IRA while still having roughly 20k left over(potentially 35-40 next year because my emergency account is already funded). Where should I be putting this additional money to help myself catch up? +Hi all, I currently have roughly $2,000 in credit card debt. I also have roughly $4,000 in liquid cash in a savings account. + +A part of me wants to just pay it all off now, but at the same time, grow my liquid savings so I can gear up to buy a house within the next year or two. +Any advise as to which option would be wiser? As of right now, I usually pay $150-$200 towards my credit card depending on my monthly commission. + +Thank you! + +Edit: +This isn’t old debt that I’ve let accumulate. I was just curious whether or not it’s better for credit to chip away at it in 5 or more payments rather than just paying it all off straight away. +Only 22 years old. Although I’ve had established credit for 4 years now, I just want to make sure I know the right way to do it. +I’d consider myself well budgeted and not in a struggling position, just looking for some wisdom :) +Hi all, I currently have roughly $2,000 in credit card debt. I also have roughly $4,000 in liquid cash in a savings account. + +A part of me wants to just pay it all off now, but at the same time, grow my liquid savings so I can gear up to buy a house within the next year or two. +Any advise as to which option would be wiser? As of right now, I usually pay $150-$200 towards my credit card depending on my monthly commission. + +Thank you! + +Edit: +This isn’t old debt that I’ve let accumulate. I was just curious whether or not it’s better for credit to chip away at it in 5 or more payments rather than just paying it all off straight away. +Only 22 years old. Although I’ve had established credit for 4 years now, I just want to make sure I know the right way to do it. +I’d consider myself well budgeted and not in a struggling position, just looking for some wisdom :) +I lurk very often within this sub (more involved in /r/wallstreetbets but I often love seeing what my Canadian counter parts are investing in. Mainly because I'm still adding to my TFSA and cannot really invest alongside my /r/wallstreetbets friends. + +That being said I ALWAYS seem to find one or more posts discussing, what I believe, are garbage stocks. Everyday this subreddit asks about terrible small-caps with little to no proven revenue/business model (Jet.V or NMX) or high dividend stocks that have been beat up over the year. Again I saw another post where people were wanting to buy into Enbridge due to that THICC dividend. I'm here to play devils advocate and tell you why Enbridge is an awful stock to own and why deploying your capital else where is more beneficial. Here is my DD on Enbridge: + +- High Payout ratio - Enbridge in its most current year is paying out 46.7% of FCF. Most of this FCF is attributed to Enrbidge selling their non-core assets. Funds from Operation were around $3.735B while about $1.554B was attributed (~40%) to the divestment. The other ~$3B is deprecation and ammortization. +- Outside of the non-core divestment and massive tax write-off in 2017, Enbridge operated at a -$985m loss due to their high debt load (attributable to earnings and not FCF) +- Enbridge is currently sitting at a 2.5x interest coverage ratio (and $65b total debt) - making the dividend ultra risky +- Enbridge has committed to a 10-12% dividend increase through 2022. Again not a very stable dividend (which most people in this subreddit are buying this stock on) +- Enbridge just recently had an equity issue to pay-down debt and to fund the most recent dividend increase (NOT sustainable) +- As a holder of Enbridge through 2015 and 2016, they constantly toted how they have many near term projects waiting to come online through 2024 (I may be mistaken for the date) however where does the funding for these projects come from when all earnings is being paid out towards dividends and dividend increases? +- Operating in an extremely high risk regulatory environment with the Liberal government in power +- Many of their pipelines will be needing replacements/repairs in the near term. Funding for this will be tight as well. +- Moodys recently downgraded Enbridge to a Baa2 and stated that Enbridge's current plan is not sufficient to improve their financial profile. What does this mean? Well accessing debt markets will be more difficult and if they do choose to access it, they will be burdened with higher interest rates to compensate for risk. +- With all of this noted, the only access that Enbridge has to capital is equity issuing. This further strengthens the idea that their stock is going to get beat up for awhile. + +In short, stop buying Enbridge! Stop suggesting Enbridge! Stop looking just the high yield. That is all. +I've heard a lot of advice but I'm skeptical of it all for various reasons: + +"Umbrella insurance equal to your net worth." Makes no sense it's not like people aren't allowed to be sued for a value above their net worth. + +"1-5M policy, enough so the insurance company is going to fight for you." I like this argument but the range is huge.. which is it, 1M or 5M? And this discounts your perceived risk, which brings me to + +"Depends on your risks, like if you have real estate or teenage drivers" if that were true, it would contradict the previous one. Shouldn't this be more a reflection of your premium, rather than the size of the policy you need? I don't get a larger insurance policy on my house if I live in a fire zone, it just means my premiums are higher. + +How are you all protecting yourselves, and how'd you arrive at the number? +Hey guys, I'm a long time trader, shorter time options trader. Zero time short seller. Here's the situation. + +Dad opened up some short positions, on SE. Back when it was 109. It's not 109, it's higher. 124. + +I was explaining to him that shorting, imo, unhedged is too high of a risk, and I would personally hedge it with a call contract to limit risk. + +So he asked me how a call could help his current situation, ie limit exposure if this underlying continues to run. Usually I'd imagine you purchase a Call with a slightly higher strike than the underlying you're shorting. + +But in this scenario, what would be a good suggestion? Higher Delta? And eat the contract loss if the underlying ever goes back to 109? + +Not totally sure, it's out of my little niche of trading that I am familiar with. Any input would be appreciated. TIA. +Having this discussion with someone below, but Home Ec (now FSC) was demonized by the women’s lib movements in the 1960’s and 70’s. Dismiss the notions that home ec is “women’s work”. Home Ec is real life skills. Not only do modern home ec classes teach budgeting and finance, but they now include lessons on how to change a tire, nutrition and relationship communication. + +The world isn’t all about STEM. We are creating too much of an even or society…you’re STEM or not successful. Capable, successful humans come in all shapes and sizes. + +Here is an NPR discussion on it. + +https://www.npr.org/sections/thesalt/2018/06/14/618329461/despite-a-revamped-focus-on-real-life-skills-home-ec-classes-fade-away +I am a retired FatFire + +I recently found a holistic laboratory / testing service that was recommended by a friend - blood, stool, saliva, etc - with goal of building a detailed genetic and lab profile + +Good news is 95% in the clear! But a potentially serious item stood out - "very high" lab result for Lipoprotein(a) likely caused by a genetic marker (which they are testing for). + +That said the lab comes with counselors, staff doctors, but I don't get the feeling that they have deep expertise on a per issue basis. + +Would welcome other FatFires - anybody recommend things like concierge health, or a teledoc service to get me the best quality docs w/specialties around these things? + +Also welcome ideas of where to cross post this on reddit to search for referrals :) +Contrary to the frugaljerk that often occurs in r/financialindependence (such as the one guy being [ridiculously proud](https://www.reddit.com/r/financialindependence/comments/9pf8w0/pretty_sure_i_just_bought_the_ultimate_fire_car/) about buying a $3000 corolla with 135k miles on it), anyone here have made expensive purchases that you found totally worth it while still accumulating towards fatFIRE? + +Not necessarily talking about wreckless and stupid spending, like buying a $160,000 car on an income of $200,000. But more like buying a $160,000 car with perhaps an income of $600,000 - because you're so successful you can afford to live it up while still investing crazily for fatFIRE. +I just came across these Home lotteries like [yourtown.com.au](https://yourtown.com.au) and several other charity organised lotteries (Royal Melbourne Hospital being one). Are these legit? Do you know anyone who has won something? + +Here is a sub dedicated to this -[https://www.reddit.com/r/PrizeHomesToWin/](https://www.reddit.com/r/PrizeHomesToWin/) +I've been trying to research realistic returns for day traders and the results seem to vary drastically. I'm new to trading but decent at programming and I built a trading bot that is returning 18.7%, on average, over the last 12 years. I'm using the stocks in the S&P to backtest and I have backtested about 22,000 trades over the last 12 years. I beat the S&P 10 out of the 12 years and my overall returns also beat the S&P. My best year had about 40% returns and my worst had 2% returns (S&P was negative that year). Anyway, I see people on YouTube getting 100%+ returns per year. Is this realistic? Is 18.7% worth it when accounting for taxes? +What are some of your most successful strategies to find deals in your area? Most of the multifamily listings in my area are overpriced and won’t cash flow. Some strategies I’ve been reading about include direct mail, cold calling, purchasing a list of properties online, buying tax liens, Craigslist, word of mouth, and browsing properties that have been delisted. So what’s been successful for you personally? +Thanks in advance. +https://www.forbes.com/sites/investor/2020/04/23/the-crash-of-2020-is-todays-oil-chart-tomorrows-sp-500-chart/ + +Forbes made this analysis and I have been calling this for a while. Now I will agree that I underestimated the feds buying potential. It did really prop up the market but sentiment has been pessimistic the last week. + +I believe we are, or almost are at the tipping point. + +We could easily see a crash by next Monday. + +I need someone to counter my thoughts and the article above as I need to consider things I haven’t. As state above the fed cannot print forever. +Over the last couple of years I made a few $m in capital gains by basically buying crypto/Tesla with my savings over the last 7-8 years and adding leverage, which turned my decidedly small stash to a comfortable retirement amount recently. I'm also convinced that Tesla will continue to appreciate substantially over the next 5-10 years. These gains are in taxable accounts. I'll be looking to sell them over time to fund retirement/house purchase, broaden investments into private companies, etc. + +To make sure I'm not giving away more than I am supposed to in tax, I am looking to get some professional advice. How do you go about finding a capable account/tax attourney that is used to handling somewhat larger sums? Are there any specific questions/filters you like to ask when assessing them? + +While this is an open ended question. How much should I expect to pay? + +Edit: The accountants I have spoken to don't really offer anything different to those preparing my annual returns when I only had a simple salary based tax return to submit. +I'll be honest, the great Korean sell-off and recovery of Jan 2018 almost had me wishing I had sold off at least a part of my stack. But with all the promising events still left on the horizon, there are so many more reasons now to hodl than ever before. + +I didn't buy ETH two years ago based on chart patterns, and I'm certainly not going to hodl or sell based on them either. The fundamental narrative is more important for long term investing, and there is much to cover here. In no particular order: + +&nbsp; + +* Facebook has just warned that they are expecting "less engagement". Sell off in FB stock expected to occur for the first time in many years. If at least 1% of flow from Facebook came into crypto as a "testing the waters", I believe that Ethereum would get the bulk of that new investment. FB investors are growth investors - no better shill at the moment than crypto for growth, and ETH is primed like never before. + +&nbsp; + +* From somewhere around Jan 15th to Feb 25th (approx), ibanks and buy side managers will be paying bonus. Not just in the US, but GLOBALLY. Plenty of threads on this elsewhere, but a significant percentage of this money will likely be put into crypto. Based on discussions with friends that work in that industry, I am hearing somewhere between 10-30% of bonus may be thrown into crypto. That's a conservative estimate. Most of them want at least some (or more) ETH. + +&nbsp; + +* More crypto hedge funds will be setup in 2018 alone compared to all other previous years combined. The largest so far will be Galaxy Digital, which we already know about. Although they are starting with Novogratz's stack, they will likely need to still purchase for new investor flow. Timing is key, with many having Q1 deadlines to get key long-term assets in place. GDAX and Gemini order books for ETH are looking extremely thick on the bid - the demand here is surprisingly strong. + +&nbsp; + +* Right now, Ethereum is the platform that powers a significant number of the top 100 coins. While BTC may have it's place, ETH has more practical utility at the moment, and a wider investor base is just now becoming familiar with this use case. Let's not forget all of the development updates that are on the horizon, including Casper. Couldn't be more bullish here. + +&nbsp; + +So that's why I'm hodling. If new investors want my ETH, they going to have to pay a significant premium to where we are now. + +&nbsp; + +EDIT: Lots of hate on the FB idea, I get that. It's far-fetched and speculative - but it's a narrative that works for me based on growth investors looking to reallocate and perhaps look at crypto. Most investors are likely not married to an asset class, and just maybe this is part of the catalyst that taken together makes them take a second look. Difficult to say for sure right now, but it's just another trade idea. Happy to stand alone here and see how it all works out - I'm personally out of FB for the moment. + +I have different ETF's covering different geographical sectors in my long term RRSP : + +XAW, XEU, XGRO, XIC, XQQ + + +I see XAW (emerging markets) XIC (Canadian market) and XEU (Europe) to be complementary to eachother while XQQ has more titles in tech and XGRO is just another portion that grows steady but slowly. + + +Are there real negatives of spreading this way instead of having let's say 100% in XGRO? + +Edit : yes i know XAW is world + emerging, my bad when posting +**The Data:** + +&#x200B; + +We closed with the 50 day SMA at $34.66, and the 200 day SMA at $34.95 + +for a difference of $0.29 + +[Yesterday](https://www.reddit.com/r/Superstonk/comments/wm0qo9/golden_cross_update_tracking_the_convergence_now/) the 50 day SMA was $34.45, and the 200 day SMA was $34.97 = a difference of $0.52 + +[Two days ago](https://www.reddit.com/r/Superstonk/comments/wl7gwv/golden_cross_update_were_not_there_yet/) the 50 day SMA was $34.29, and the 200 day SMA was $34.99 = a difference of $0.70 + +&#x200B; + +Visual aid, close up: + +https://preview.redd.it/2o18ag8a9ch91.png?width=3840&format=png&auto=webp&s=5c001b7f80e81599ed1627e6add4a160892e69ab + +&#x200B; + +Here's the 2 year graph: + +https://preview.redd.it/upg3kn9b9ch91.png?width=3840&format=png&auto=webp&s=0ce24d5ab7fde40cb3f3199e62767b2e5c48eea7 + +&#x200B; + +and the 2yr log scale graph: + +https://preview.redd.it/dq3839kc9ch91.png?width=3840&format=png&auto=webp&s=0c942ef1980082d4ca57117ad0b9c4ee364ad109 + +&#x200B; + +&#x200B; + +If you want to know why I'm tracking it, here's [my post from 3 days ago.](https://www.reddit.com/r/Superstonk/comments/wkno2e/golden_cross_update_t2_since_a_post_faked_it/) + +Basically, I want to give apes accurate data and avoid misinformation. + +&#x200B; + +[how u\/matomika describes this event](https://i.redd.it/mt1yot7qa8h91.gif) + +&#x200B; + +**FAQ:** + +What is a Golden Cross? [Investopedia's definition](https://www.investopedia.com/terms/g/goldencross.asp), it's when the closing price of the 50 day Simple Moving Average crosses above the 200 day SMA. The Golden Cross is a lagging confirmation indicator, meaning that it confirms we are currently in a bull market. + +What happens after the Golden Cross? I'm not here to speculate, I'm only tracking the data for the Golden Cross. + +When do we cross? Check out the math below + +&#x200B; + +**The rest of this post is just fun with numbers:** + +&#x200B; + +Thank you u/jab136 [for crunching the numbers for us yesterday](https://www.reddit.com/r/Superstonk/comments/wm0qo9/comment/ijwlu2u/?utm_source=share&utm_medium=web2x&context=3) for what the price needs to do to see the GC. + +>I actually did the math for what we would have to hit or average over the next few days +> +>Sum(last 199 days)/200+x/200=Sum(last 49 days)/50+x/50. Solve for x, and you get what we have to close at the following day (simplifies to x=(sum(last 199 days)+4\*sum(last 49 days))/3 +> +>Sum(last 198 days)/200+2x/200=sum(last 48 days)/50+2x/50. Solve for x and you get what we have to average in the next two days (simplifies to x=(sum(last 198 days)+4\*sum(last 48 days))/6) +> +>Every day longer reduces the count of days on both sums by 1 and increases the denominator by 3. +> +>If we had hit $74.06 today we would have crossed +> +>If we hit $60.24 tomorrow we will cross +> +>If we average $45.23 over the next two days we will cross on Monday. +> +>if we average $39.93 over the next three days we will cross on Tuesday. +> +>an average of 36.80 over the next 4 days will cross on Wednesday. + +*Keep in mind this is from yesterday* + +&#x200B; + +His formula is sound but I ran the numbers myself and got different results. + +&#x200B; + +For closing price needed for the GC today I used + +((199SMA\*199)+x)/200 = ((49SMA\*49)+x)/50 + +((34.92\*199)+x)/200 = ((34.53\*49)+x)/50 + +(6949.08+x)/200 = (1691.97+x)/50 + +6949.08+x = 4\*(1691.97+x) + +6949.08+x = 6767.88+4x + +3x = 181.2 + +x = $60.40 + +&#x200B; + +needed $60.40 closing price to cross today, + +&#x200B; + +((34.88\*198)+2x)/200=((34.56\*48)+2x)/50 + += $45.12 avg til Monday close to cross, + +&#x200B; + +((34.82\*197)+3x)/200=((34.58\*47)+3x)/50 + += $39.83 avg til Tuesday close to cross, and + +&#x200B; + +((34.77\*196)+4x)/200=((34.64\*46)+4x)/50 + += $36.7633 avg til Wednesday close to cross. + +&#x200B; + +&#x200B; + +We calculated at different times so we probably used different numbers (I used closing prices up to last night, August 11, 2022) + +Or my math is just off so if you want to prove me or u/jab136 wrong, give it a crack. + +&#x200B; + +Stay zen and have a great weekend. + +&#x200B; + +&#x200B; + +TLDR: $0.52 difference in 50/200 SMA yesterday, $0.29 difference today, Golden Cross is even closer. +I have an offer in on a property that has a squatter. This is NJ and he has been there less than 2 years. He seems open to a cash for keys deal and the house is a total gut. The seller won’t vacate prior to close. I like the deal but considering his “tenancy” I’m assuming I’m going to have to purchase 100% cash. I don’t know where hard money guys stand on this scenario but I’ll be talking to some ppl I’ve worked with. Is it possible to get any sort of insurance coverage in the event this guy goes rogue and lights a match? Vacating a squatter is one thing but having that much cash exposed in the interim is another. Anyone have any experience with this? +I can't be the only one. And don't get me wrong, I've zoomed out, I'm up significantly over the last few months but god damn. When I watch Shiba Inu and Keannu Inu and Safemoon and all these fucking shitcoins go off and calculate how much money I would have made if I was willing to gamble that aggressively it pisses me off. Not because I'm missing out so much as knowing what it would do to the crypto market as a whole if these people just invested in any of the projects that are legitimate and have development teams that know what they're doing. + +I was around in 2017 and things were similar but it feels different right now. Now that we have DEXs where people can swap from one coin to another without the projects having to be listed on exchanges it seems like the a side of the market that didn't exist before has emerged. It's dark, there are no clocks or windows and the carpet is patterned to excite. Gamblers line up to throw their money into the latest and greatest shitcoin and the smart ones get out with significant returns, the not so smart ones convince themselves they've found the next BTC and start trying to indoctrinate as many people as they can into this "world changing technology" they found. +This is MY lesson from the last few months i have been dealing with cryptocurrencies. + +I am not a trader and i tried to be one. +I believe in the technology, i have strong faith in ethereum devs and i absolutely dont know shit about trading. + +People here chant sell the peaks buy the dips - they are right, but this is much harder to do than you might think. And this is even truer in the crypto world. Even professional traders i know (who are also invested in crypto) dont dare to trade it. It a whale playground. There is absolutely no telling what is going to happen. In the next month, week, days, hours and even minutes. + +I thought i was smarter, and i was burnt, i lost like 50 eth. For some it's a small amount, for some it's significant, but i lost it. Probably to a fat whale. + +Today i decided, that from now on i will seat back and do absolutely NOTHING. I have my goals, and thats it. From now on i am a passive rider. + +If you are depressed that your wallet isnt filled with more eth, you should look forward to POS. You can actually make your stack bigger by just having a nice amount of eth, locking it up and doing nothing. It is still quite far down the road but we will get there. Sooner rather than later. Be paitent. + +So my advice is to just hodl, be paitent, and maybe try to check on the price less frequently. +Especially if you are not a trader, and even if you are, not trading is almost stress free. + +Oh and btw - Stay the fuck clear out of margin trading and more so - high leveraged one. It will consume your savings in minutes. + +Peace N Love + + +This is MY lesson from the last few months i have been dealing with cryptocurrencies. + +I am not a trader and i tried to be one. +I believe in the technology, i have strong faith in ethereum devs and i absolutely dont know shit about trading. + +People here chant sell the peaks buy the dips - they are right, but this is much harder to do than you might think. And this is even truer in the crypto world. Even professional traders i know (who are also invested in crypto) dont dare to trade it. It a whale playground. There is absolutely no telling what is going to happen. In the next month, week, days, hours and even minutes. + +I thought i was smarter, and i was burnt, i lost like 50 eth. For some it's a small amount, for some it's significant, but i lost it. Probably to a fat whale. + +Today i decided, that from now on i will seat back and do absolutely NOTHING. I have my goals, and thats it. From now on i am a passive rider. + +If you are depressed that your wallet isnt filled with more eth, you should look forward to POS. You can actually make your stack bigger by just having a nice amount of eth, locking it up and doing nothing. It is still quite far down the road but we will get there. Sooner rather than later. Be paitent. + +So my advice is to just hodl, be paitent, and maybe try to check on the price less frequently. +Especially if you are not a trader, and even if you are, not trading is almost stress free. + +Oh and btw - Stay the fuck clear out of margin trading and more so - high leveraged one. It will consume your savings in minutes. + +Peace N Love + + +&#x200B; + +This is a new post after some interest in a comment ***why I believed the S&P is going to 1700***. + +**Update 3:** I am going to limit my answers in the comments guys; as the post becomes more popular it is becoming more diluted with snark etc. *I don't expect anyone to follow my opinions; I just want to share one aspect of why I am making the trades I am. I maybe wrong. Random walk and all that..* + +**Original Disclaimer**: *This is based on historical precedence and we are in unprecedented times but, with history as our guide a strong argument can be made for the S&P to decline to a level that is currently inconceivable.* **I have disclosed all my positions near the bottom.** + +**Update 1**: *Slightly long; happy to be challenged in the comments, it is late in the UK (2am) so may tidy it up and add more references and charts tomorrow.* **Update 2:** *Have expanded the post to answer as many comments and requests for references wherever possible and tagged in the requestors.* + +# Intro: Are we in a recession? + +If you believe so, or that we are heading into a recession then there are four things needed to support a genuine rally out of a recession + +&#x200B; + +* Fiscal policy +* Monetary policy +* Improving economic health indicators +* Accurate pricing reflecting the end of the recession and tempered optimism + +We are missing 2 out of those 4 criteria; the overwhelming monetary and fiscal policy (world-records) are compensating for lack of positive *indicators* and *volatile and bullish* *pricing*. + +# What do you mean by pricing? + +It can be argued that the current price of stocks is not discounting for the acute and likely chronic harm to consumer sentiment and spending power. For example; the UK clothing retailer Next Group closed their bricks and mortar stores (share price increased 4%) then they cancelled all online shopping (share price increased 3%) and finally they cancelled all orders with their supply chain (shares leapt 12.8% during the rally.) There is the massive amount of second, third and fourth order effects that this one company does to the UK economy (and Turkish factories). Suppliers, shipping, design, marketing etc all cancelled and the staff furloughed. + +This is one example but the indexes are currently full of similar examples and some analysts are ringing the alarm bells. + +&#x200B; + +>Lazard Asset Management are concerned that the pandemic “will persist longer than many investors suspect and that the economic damage will be deeper and potentially longer-lasting”. + +Reddit is quick to mention that *stonks* only go up but there is some truth to that sentiment at present since *any negative factors* are dismissed as being priced in and all positive factors are heralded as a cause for stocks to rally. If priced in was accurate then we would not see record-beating market rallies back to back. 10% volatility swings over 48 hours is the very definition of *not priced in.* + +There is evidence to suggest that, well, the bullish sentiment is wrong and mainly because it is [retail investors being taken for a ride](https://www.axios.com/coronavirus-stock-market-investors-buy-the-dip-80ae288d-619b-487a-acbd-8409c05db52d.html) whilst funds re-balance and offload. + +Retail traders "buying the dips" is normally a contrarian signal, meaning that it's time to sell. This section is for u/lntoIerant in response to a comment. + +# Edit to answer some comments about this portion thus far. + +**Do retail investors move the market?** + +* No, they act as a sentiment indicator that the market is reaching a peak absurdity. Similar sentiments have preceded major recessions in the past. When you hear a layman offering stock tips or googling *how to buy stocks* then we are reaching the precipice of a depression. new market entrants are not the same as traditional retail investors. + +**Are retail investors buying in greater volumes?** + +* That is hard to say because the majority of retail trades are done off-book. The trades are mixed in with portfolio moves or [using the retail service](https://www.fnlondon.com/articles/volumes-grow-on-nyse-retail-service-20130821) which is a dark pool. + +**Are retail investors dumb money?** + +* Well, no. Kind of. It depends. This [white paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2822105) indicates that retail investors are more knowledgeable, more profitable and better informed than previously thought. However, a lot of their trades, as mentioned above, are done off-book as part of a larger portfolio and they simply lose a fraction of a basis point because market timing is not that critical. + +&#x200B; + +# What does this have to do with the S&P dividend and the EPS? + +&#x200B; + +Major indexes are comprised of stocks that [pay handsome dividends](https://www.dividendinvestor.com/the-sp-500-dividend-yield-a-historical-analysis/); normally 2% yield a year. The companies have reached their limit of growth (HSBC haven't discovered 5 million new customers and Shell are not finding new fossil fuels) so investors hold the stock for **income-seeking reasons**. + +The FTSE 100 was priced in to generate £89 billion in dividends for 2019 and £90 billion+ in 2020. That has largely collapsed. + +The only companies that pay dividends are those taking on debt to do so like Shell. And they have; [a 10Bn credit line to maintain dividends](https://www.ft.com/content/ee832198-024b-4a0f-a61d-de767a1e6d6c). The Bank of England[had to slap 5 UK banks](https://www.ft.com/content/c13d3d21-b6f3-4449-a916-2ba4271818e4) from issuing dividends at this time. That means that their primary valuations as income-generating stocks are questionable... + +...especially since the dividends are not expected to return to the 2020 levels for another 10 years now. Edit to add: This portion is taken from the market report by BNY Mellon. [You can see the chart here](https://www.bnymellon.com/_global-assets/pdf/our-thinking/the-aerial-view/chart-of-the-day-march-31-2020.pdf). The analyst is John Velis of BNY. Thanks to u/flash_aaaah_ahhhhh for prompting me. + +&#x200B; + +>“By 2021, the market expects dividends per share for the S&P 500 to be down to under $38 per share (a staggering 41 per cent drop from recent highs of approximately $63 per share) and then to start slowly rising again. Going out 10 years to 2030, the expectation is that dividends will just about recover to pre-Covid-19 levels.” + +&#x200B; + +# + +# Main body: Onto the S&P + +In 2021 the market expects the dividends per share for the S&P to be reduced to $38 per share. That is priced in and common knowledge. + +That is a 41% drop from the recent highs of $63 a share and seems alarming for income seeking investors since we are not expected to recover to those prices for 8-10 years. [Source.](https://www.bnymellon.com/_global-assets/pdf/our-thinking/the-aerial-view/chart-of-the-day-march-31-2020.pdf) + +But DataTrek have noted that **we are still currently trading at 21X** the trailing 10 year earnings of $122 a share. + +Dividends per share normally don't fall as far as earnings per share. But they are inverted at present. + +For the S&P to be trading at 2,650 level (or even higher) it means the market does not believe the pandemic or recession will have any long-term damage. That puts us squarely at odds with items 3 and 4 in our list of factors needed to exit a bear market. + +# Talk to me about 2008! + +Thanks to u/mister_woody for asking for more data. + +&#x200B; + +* **S&P 500 high:** 1565.15, Oct. 9, 2007 +* **Low:** 682.55, March 5, 2009 +* **S&P 500 loss:** 56.4 percent +* **Duration:** 17 monthts +* **EPS decline**: 86 to 7 +* **Dividend decline**: 26-28 down to 22-24 + +In other recessions, including 2008, the dividend price per share drops approximately 12-15% but the earnings per share drop by considerably more; as much as 85%. + +That means that in 2008 financial crisis and subsequent bear market; the dividends per share dropped by a lower percentage amount than the ***total index value drop***. + +You can see that in [this chart here](https://www.gurufocus.com/economic_indicators/63/sp-500-index#63+59+58). + +&#x200B; + +* The market drop was approximately 56% and the Dividend drop was 14% +* The market drop was 56% and the earnings drop was 85% + +Right now, we have the reverse. Dividend share drop **in this market** is 41% (which is chilling) and market drop was approximately only 30% and rallying heavily back to the mid-20's only. That makes no financial sense unless the assets were being propped up by buyers... + +&#x200B; + +* **S&P ATH**: 3386 to 2488 on April 4th (26.5% drop) +* **S&P ATH Dividend**: From $63 expected to $38 (a 41% drop) +* **S&P ATH EPS**: + +If the S&P follows the same playbook at 2008-9, then we would expect to see levels of around 1400 at the bottom but that seems **extremely** bearish expecting that this crisis is worse than 2008. + +If previous indications hold true, then we would expect the S&P to drop by approximately 50-60%ish at the true bottom to reflect the 41% decrease in expected shares plus additional discounts and negative market sentiment. + +In reality, we are probably likely to pull back to between 13X and 15X trailing average which puts the S&P between 1600 (low side) and 1800 (high side). + +&#x200B; + +# You are putting a lot of faith in a re-run of the 2008 crisis + +I am. No doubt about it. After October 2008, stocks fell for [another four months](https://www.bloomberg.com/news/articles/2020-03-24/it-took-four-months-and-40-in-s-p-before-2008-stimulus-worked?srnd=premium), piling up 40% of losses before the recently ended bull market began in March 2009. + +# New market indicators + +Since I wrote this post, the DJIA was up over 4% and closed down on the day. + +Thank you to the[Twitter feed of Jim Bianco](https://twitter.com/biancoresearch/status/1247681027469950977) for this: Since 1925 (95 yrs!), up more than 4% and closing down on the day has happened only one other time ... Oct 14, 2008 (Tsy Sec Hank Paulson forced the banks to take TARP money). The S&P 500 was up 3.5% at the high and closed down on the day. Since April 1982 (daily H,L,C began) has happened three other times...Oct 3, 08, Oct 14, 08, and Oct 17, 08. + +This mkt continues to trade like Oct 08. It was six months and another 25% down before the low. + +[Bezinga are also playing up the 2008 similarities](https://www.benzinga.com/analyst-ratings/analyst-color/20/04/15728916/2008-playbook-suggests-current-period-is-calm-before-the-storm-for-stocks). + +# Why is bullish sentiment so wrong? + +The negative reports are so wildly negative that the almost defy belief. We are dealing with insane numbers way beyond our traditional frame of reasoning. This is topped only by the insanity of the scale of quantitative easing. Less than a year ago, a small movement in the non-farm payrolls would lead to a 2-3% move in the markets; now we are hitting 700K jobs lost, a truly ugly number and the market rallies hugely. Future economic students will study this to try and understand what was happening. + +In the space of *weeks* the majority of the Western economies have swung to being effectively state-sponsored, centralised economies and no one really knows how to unwind these positions. + +It is impossible to reconcile being a bull with a centralised state economy and blue-chip stocks that refuse to pay dividends but the share price remains at the same levels as when they paid a 2% yield. + +The [UK forecast](https://www.ft.com/content/33c03dc6-ceab-40e5-b61f-66829c5b9b2c) is for the deepest contraction since 1900. Business surveys have shown activity [crashing](https://www.ft.com/content/e8c47f34-32b7-44b3-8e8a-102f9d6c2ae6) faster in March than during the financial crisis. The Office for National Statistics has published experimental research on the [impact](https://www.ft.com/content/37215bb4-39a5-4265-97fb-95d8a105e5a1) of Covid-19 on the economy. + +&#x200B; + +>**With entire swaths of the economy having shut down “traditional forecasting methods become irrelevant”, warned Chiara Zangarelli, economist at investment bank Nomura.** + +Michelle Girard, economist at NatWest, said that while there was huge uncertainty about the precise magnitude of the contraction in gross domestic product in the second quarter, “there is little doubt that it will be off the scale” + +**That is not a bullish sentiment. It means markets are acting irrationally since fundamentals are being dismissed as priced-in. In reality; nothing is priced in.** + +# Disclosure + +&#x200B; + +Spreads + +* I am **long** VIX to 78 (expected by end of Apri but ideally by 24/4) +* I am **short** India to 7800 (expected by 15/05) +* I am **short** S&P to 2200 *(expected by mid-late of May)* *and will be to 1810-50* +* I am **short** Dow to 19000 *(expected by mid-late May)* *and will be again to 17000* +* I am **short** FTSE to 5200 *and will be again to 4800 (expected by mid-late May)* +* No current active hedges / all spreads due to being tax free profits in the UK +* Further spread betting the swings to the upside where I can to scalp + +Equities + +* I am holding a portfolio of streaming services and gaming companies +* I am holding Microsoft and Disney + +Currency + +* I own a very small quantity of crypto, primarily XRP + +# Edit to add: So, your entire thesis is totally destroyed if companies keep paying dividends? + +Yes. + +In a nutshell. + +But something else will be destroyed; the western taxpayer and future growth. + +&#x200B; + +* If companies are using 0% interest rates to take out loans and then transferring those loans a small 1% of the populace via dividends; that bill will come due to the citizen taxpayer and/or shareholder of the future +* If companies are taking federal or governmental aid to furlough workers but still paying dividends to shareholders? That bill will come due to the citizen taxpayer and effectively is an even more extreme form of socialising market losses; it means that we truly can never have a correction since the top 1% will lose. Not lose the investment itself, which can rebound, but will simply lose the yield on an investment and only for a short period of time. If we have reached a point where that is considered unacceptable then we truly are living in a new socialist, centrally planned world. +* Here is [Tesco defending their decision](https://www.ft.com/content/4719c92c-ab17-4852-92e6-533c682611f4) today of £635m in dividends...despite receiving considerable amounts of VAT, Rates and Rental relief from the UK Government (£585m)...they have done an admirable job and are profitable but this market signal and their stated *reasons* for doing so are alarming. + +>CEO said 'every pound we receive \[in rates relief\] will be invested in ensuring Tesco is able to support British shoppers...' That is tax payers paying a subsidy to a free-market company for the ability to shop...**and also...** +> +>Mr Lewis said that the **needs of savers and pension funds also needed to be considered in the debate around dividends**. “We’ve thought long and hard about our responsibilities here . . . we are in a strong position to pay out for the benefit of those people + +&#x200B; + +# Edit to add: What about the FED and stimulus + +&#x200B; + +u/tauriel81 and u/aliveintucson325 and u/100PERCENTYOLO_VEQT + +OK - to truly test my own assumptions; here is my argument AGAINST my position. + +The Fed have not quite *printed money* as Reddit loves to meme. They have issued *liquidity* and central banks worldwide have allowed banks to relax their requirement to hold reserves of cash. That injects money into the business world by allowing lending and borrowing to continue. It also reduces *theoretical* risk since the models are back within tolerance. + +When the time comes they will *remove the credits* gradually without causing hyperinflation. They do this by paying banks not to lend back into the system by holding a % of their assets at the Federal Reserve. So they pay the banks but the banks keep the deposit at the Fed and don't pass on the liquidity to potential borrowers..gradually and sustainably. + +[https://www.aier.org/article/powells-new-monetary-regime/](https://www.aier.org/article/powells-new-monetary-regime/) + +That means the borrower of the future (home purchasers, entreprenuers etc) will have very few credit facilities available so RIP to the long-term economic growth. + +We also have **unprecedented** government support for citizens. The largest social security welfare plan since WW2, especially in Europe. + +If you believe that the Western economies can weather this storm using the bridging devices by central banks then it pays to *dollar cost average* into the market and keep buying the dips as a retail investor. + +Lots of buoyant news from European nations and China about the slowing pandemic is overwhelming the negative leading and lagging economic indicators about economic data. + +**If you believe the economy can return to normal within 36 months, then it pay to be bullish and invest.** + +If you are day-trading, swing-trading or short-term options trading then the overwhelming market moves are likely to crush people as the system flexes under lots of volatility. You are also likely prioritising the negative news and technical analysis in your filter bubble and de-prioritising the positive news particularly when that news is fiscal or monetary policy since those things are dry, boring and incomprehensible half the time. + +So you miss *Fed backstops critical bankingi* and instead hear *UK Prime Minister in intensive care.* + +If you want to know what is going on... + +&#x200B; + +* Look at the short term fundamentals +* Zoom out. Re-look. +* Zoom out to an even longer timeline. Re-look. +* Zoom out to an even even longer timeline. Re-look. +* Zoom out to an even even even longer timeline. Re-look. + +Decide where you making a prediction. Plan your trade, trade your plan. + +**How do the FED take money back out of the economy?** + +They FED purchase the security initially to then sell it back to the asset-holder later. So the balance of credit-deficit merely swaps but by paying a small premium on the excesses that they hold, they can cushion the inflation or deflation of the currency. + +So, they effectively give the bank liquidity and then remove that liquidity later by passing the asset back...but also provide a small premium to cushion the blow; 50% of the premium is then held on Federal Reserve books so that the market is not flooded with new money. + +The FED previously reduced their balance sheet [from $4.4 trillion to $3.7 trillion](https://fred.stlouisfed.org/series/WALCL) but it remains to be seen if they can unwind a position of this size. + +&#x200B; + +# TL:DR + +&#x200B; + +* 2 out of the 4 necessities for exiting a recession are not present +* S&P currently trading at 21X the trailing 10 year average dividend +* In previous recessions a 50% drop in the market was accompanied by a 15% drop in dividends +* Market analysts expecting for a 41% drop in dividends but only trading a 26% drop in the market. At present the S&P dividend per share drop is 41% but the S&P is rallying back to less than 20% drop...whilst dividends are not expected to return to 2019 levels of income for 8-10 years +* In previous recessions the dividend per share drop is much *less* than the overall index drop +* S&P highly overvalued, completely inverted when compared with dividend expectation and market dividend pricing +* S&P pull back to 1600-1800 over short-medium time frame (1 month-6 months). +* If market history is to be believed then 1400 is not unfeasible based on percentages but you have to be hoping for a total economic destruction for this to happen.; expect a total Governmental response if this happens. +* If S&P continues to rise then it indicates companies are taking on debt or other instruments to pay dividends rather than innovate, upgrade or consolidate their business position which some are (Shell etc). +* Economic data will eventually overpower the stimulus and the Coronavirus is not priced in; hardly anything is priced in and analysts are now saying so publicly. + +&#x200B; +hi hi, just got an email from my acc manager at etoro that due to demand, they are facilitating voting for gme only. + +&#x200B; + +they say they will distribute info on it tomorrow. V BULLISH! + +&#x200B; + +my post was rejected for 250 character minimum so just writing a few characters extra down here - i'll use up the space to say HOW TITTILY JACKING THIS NEWS CAN BE FOR THE FLOAT COUNT! + + +EDIT: Screenshot post here [https://www.reddit.com/r/Superstonk/comments/nm78os/etoro\_vote\_to\_be\_announced\_tomorrow/](https://www.reddit.com/r/Superstonk/comments/nm78os/etoro_vote_to_be_announced_tomorrow/) +https://www.sec.gov/news/press-release/2017-79 + +27 Firms and Individuals Charged With Fraudulent Promotion of Stocks + +FOR IMMEDIATE RELEASE +2017-79 + +Washington D.C., April 10, 2017— + +The Securities and Exchange Commission today announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing websites while writers were being secretly compensated for touting company stocks. + +SEC investigations uncovered scenarios in which public companies hired promoters or communications firms to generate publicity for their stocks, and the firms subsequently hired writers to publish articles that did not publicly disclose the payments from the companies. The writers allegedly posted bullish articles about the companies on the internet under the guise of impartiality when in reality they were nothing more than paid advertisements. More than 250 articles specifically included false statements that the writers had not been compensated by the companies they were writing about, the SEC alleges. + +“If a company pays someone to publish or publicize articles about its stock, it must be disclosed to the investing public. These companies, promoters, and writers allegedly misled investors by disguising paid promotions as objective and independent analyses,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement. + +According to the SEC’s orders as well as a pair of complaints filed in federal district court, deceptive measures were often used to hide the true sources of the articles from investors. For example, one writer wrote under his own name as well as at least nine pseudonyms, including a persona he invented who claimed to be “an analyst and fund manager with almost 20 years of investment experience.” One of the stock promotion firms went so far as to have some writers it hired sign non-disclosure agreements specifically preventing them from disclosing compensation they received. + +“Deception takes many forms. Our markets cannot operate fairly when there are deliberate efforts to reach prospective investors with positive articles about a stock while hiding that the companies paid for those articles,” said Melissa Hodgman, Associate Director of the SEC’s Division of Enforcement. + +The SEC filed fraud charges against three public companies and seven stock promotion or communications firms as well as two company CEOs, six individuals at the firms, and nine writers. Of those charged, 17 have agreed to settlements that include disgorgement or penalties ranging from approximately $2,200 to nearly $3 million based on frequency and severity of their actions. The SEC’s litigation continues against 10 others. + +The SEC also instituted [separate charges against another company](https://www.sec.gov/litigation/admin/2017/33-10345.pdf) for its involvement in circulating promotional materials that did not comply with prospectus requirements under the federal securities laws. The company settled the case. + +The SEC today [released an investor alert](https://investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-alert-beware-stock-recommendations) warning that articles on an investment research website that appear to be an unbiased source of information or provide commentary on multiple stocks may be part of an undisclosed paid stock promotion. Investors should never make an investment based solely on information published on an investment research website. When making an investment decision, thoroughly research the company using multiple sources. + +“Stock promotion schemes may be conducted through investment research websites,” said Lori Schock, Director of the SEC’s Office of Investor Education and Advocacy. “Investors looking for objective investment information should be aware that fraudsters may use these websites to profit at investors’ expense.” + +The SEC’s investigations were conducted by Beth Groves, Ian Rupell, Shelby Hunt, Jim Blenko, and Jonathan Jacobs with assistance from Michi Harthcock, Jamie Wohlert, Suzanne Romajas, and Frederick Block. The cases were supervised by Rami Sibay, and the litigation will be led by Ms. Romajas and Patrick Costello. + + +[SEC Complaint - Lidingo Holdings, Kamilla Bjorlin, Andrew Hodge, Brian Nichols...](https://www.sec.gov/litigation/complaints/2017/comp-pr2017-79-a.pdf) + +[SEC Complaint - CSIR Group, Christine Petraglia, Herina Ayot, Thomas Meyer, and…](https://www.sec.gov/litigation/complaints/2017/comp-pr2017-79-b.pdf) + +[SEC Order - Ciaran Thornton](https://www.sec.gov/litigation/admin/2017/33-10344.pdf) + +[SEC Order - Michael McCarthy, DreamTeam Group, Mission Investor Relations, and …](https://www.sec.gov/litigation/admin/2017/33-10343.pdf) + +[SEC Order - Stephen Ramey](https://www.sec.gov/litigation/admin/2017/33-10342.pdf) + +[SEC Order - Edward Borrelli and Dunedin Inc.](https://www.sec.gov/litigation/admin/2017/33-10341.pdf) + +[SEC Order - Joel Corenman](https://www.sec.gov/litigation/admin/2017/33-10336.pdf) + +[SEC Order - Galena Biopharma Inc. and Mark Ahn](https://www.sec.gov/litigation/admin/2017/33-10337.pdf) + +[SEC Order - ImmunoCellular Therapeutics Ltd.](https://www.sec.gov/litigation/admin/2017/33-10338.pdf) + +[SEC Order - Craig Keolanui](https://www.sec.gov/litigation/admin/2017/33-10339.pdf) + +[SEC Order - Lion Biotechnologies](https://www.sec.gov/litigation/admin/2017/33-10340.pdf) + +[SEC Order - Manish Singh and Lavos LLC](https://www.sec.gov/litigation/admin/2017/33-10346.pdf) + +[SEC Order - Christopher French](https://www.sec.gov/litigation/admin/2017/33-10347.pdf) + +* Advanced Medical Isotope Corporation, +* Galena Biopharma, Inc. +* NeoStem, Inc. (now doing business as Caladrius Biosciences, Inc.) +* OncoSec Medical Incorporated +* Stevia First Corporation (now doing business as Vitality Biopharma, Inc.) +* ImmunoCellular Therapeutics, Ltd. +* Lion Biotechnologies, Inc. +* DelMar Pharmaceuticals, Inc. +* Labstyle Innovations Corp. (now DarioHealth Corp.) +* Neostem Inc. (now Caladrius Biosciences, Inc.) +* Assured Pharmacy, Inc. +* Enzo Biochem Inc. +* LPath, Inc., +* Soligenix, Inc. +* CytRx Corporation +* Arch Therapeutics, Inc. +* Anavex Life Sciences Corporation +* GreeneStone Healthcare Corporation +* InterCloud Systems, Inc. +* Mobiquity Technologies, Inc. +* Pressure BioSciences, Inc. +* Sparta Commercial Services, Inc. +* Zinco do Brasil, Inc. + +I've been doing this for about a year now. I've learned a ton. In that time I've put together a hodge podge of rules I stick to. I try to be systematic, and stick to them. I consider myself to be a moderately conservative investor, who takes some occasional more aggressive plays. + +As it stands, on my theta gang trades, I've got about a 90% win rate. But, my ROI is between 4.5 and 6% annually, pretax. Better than a savings account, but not great. Not enough to justify not being in VTI, lol. + +I primarily sell CCs and CSPs, and do PMCCs. + +My rules (most of them you guys would care about): + +* Try to avoid memes, focus on a sustainable return + +* Sell CCs after at least 2 green days. + +* Sell CSPs after at least 2 red days. + +* Target 30-45 DTE, but a little further out is ok if it's got better liquidity (55-60 have happened) + +* BTC under the following conditions: 21 days, 50% profit, if I hit more than 25% profit in less than 25% of the DTE when I purchase. + +* On short positions, target 15-30 delta + +* For PMCCs, on the long leg, I target a minimum of 85 Delta, one date shorter than the farthest available expiration date. For short leg, target 20 Delta. + +* Close ITM PMCCs by closing out the spread, do not execute. + +* IV is above HV by at least 10% + +My most recent rule has been to only enter trades with at least 20% annualized return which doesn't seem to have impacted much. I may increase to 30 but I don't find a lot of trades that check that box. + +My watch list (it's short, I know) + +* INTC +* CMCSA +* F +* NOK (getting rid of this, not worth the capital) +* MJ +* XLF + + +I feel like my strategy is working decently well given the win rate. The returns feel sustainable. I'm profitable. + +But I feel like the returns could be much better. I know SP500 averages 11% per year, so I'm not close to beating it. + +For the more experienced folks, what could I do better? Different tickers? Anything I could tweak? Does a high "win rate" really mean I'm being too risk averse? + +I'm just hoping to get some constructive criticism. Any feedback would be appreciated. +RC always knew that Amazon and Jeffy Boi were up to no good. But first he had to test it. I think he started Chewy as a test. How hard is it actually take on Amazon if your stock isn't publicly traded? ~~After starting Chewy with 15 million in 2013 and selling for 3.5 billion just 4 years later~~ After starting Chewy in 2011, he recieved his first outside investment for 15 million in 2013. He knew that the only reason companies were being toppled by Amazon was because they were publicly traded. He left Chewy shortly after IPO, because at that point all bets were off. The potential to be shorted to death was there. + +That's when he needed to wait for an opportunity. He needed a company that retail could get behind. That people could love. That could grow and dominate an industry if under the right guidance. He's been playing 4d chess while we sniff checkers. But he needs us and we need him, to bring an end to the biggest ponzi scheme that the world's ever faced. + +He's been whispering it for the better part of a year now. + +Gamestop will take on Amazon. + +I just never knew quite what that meant until this week. + +EDIT: RC started Chewy in 2011, and got first outside investments in 2013. Was corrected there in the comments, sorry for the error. That does, however further cement this idea for me. He wanted private investors, and not public, while the company was in its infancy. +VW mkt cap was $143 billion as of last night vs Tesla at $1.01 trillion. + +To 3Q 2021 YTD VW profits were $16.8 billion vs Tesla $3.2 billion. + +To 3Q 2021 YTD VW sold 6.951 million cars vs Tesla 0.627 million. + +To 3Q 2021 YTD VW EV sales were 539K (+135% to 2020 period) vs Tesla's 627K (+97%). + +I won't torment Tesla shareholders with obvious comments - the stats speak for themselves. +I have around 80,000 cash saved up and was looking into purchasing my second investment property soon. Would it be wiser to purchase 1 BTC, or generally speaking diversify myself with a portfolio of cryptos? At this time, I own no Bitcoin and a small amount of eth and Ada. +I’m having a hard time committing to dropping 60-75 thousands for down payment and closing cost. Even with cash flow, appreciation , and possible tax write offs, I’m just thinking it would take to make that money back. It seems like crypto had a bright future from what I’ve seen, heard, and read these past 6 months. + +Opinions? +Over a year ago I made [this](https://www.reddit.com/r/financialindependence/comments/c5qftz/making_1myear_in_very_unstable_job_whats_the_best/) post. + +I’ve forgotten my password (and email, I think I signed up with 10minutemail), so I made a new account. I spoke with moderator u/ivigilanteblog to verify my identity. Since there were a few doubters on my last post, [here’s my gold play button](https://i.imgur.com/ikNOcqj.jpg). + +My first post was way more popular than I expected, so I thought I would make an update post in case anybody was curious. Also, I thought I would answer more questions about my business / finances / investments since there seemed to be a lot of interest. Here are the biggest events and things I've learned: + +#1. I fired my “financial advisor” and hired a fiduciary + accountant + +I originally worked with a financial advisor who got me into American Funds. A lot of people told me that AF is terrible and my financial advisor was super sketchy. Turns out, you guys were right! We never paid him a fee for his advice, so he was working on commission. We fired him, did a bunch of research, and interviewed half a dozen fiduciaries before picking one. + +Our experience with the fiduciary is COMPLETELY DIFFERENT from our experience with the financial advisor. Looking back, the FA clearly came in with an agenda trying to prove to us how great American Funds is. Our fiduciary is clearly more objective and is more focused on learning (learning what our goals are, and helping us learn how to manage money). + +The fiduciary costs $400/mo with a minimum 12 month contract. I would say that they are worth it so far and have paid themselves off. They answer all my questions and guided us through the covid craziness. Every month, they give us a breakdown on things to buy, and they adjust the allocations based on what I say I want to invest in. + +My accountant has been equally amazing. He has paid himself off by helping us secure some tax breaks. + +I would definitely advise business owners to hire a professional accountant. I would maybe advise getting a fiduciary; the more money you have, the more it makes sense to pay for one. + +#2. This subreddit is right about a lot of things + +You people are geniuses! Brilliant! Wise beyond your years! + +I actually went through my entire Reddit post with my fiduciary to help better understand the advice I was receiving. They explained the nuances of each response I got, and by and large the message was: these redditors know what they’re talking about. I mean, sure there were some replies they didn’t agree with, and some replies they felt didn’t exactly apply to my situation. However, the overall impression I got was that this subreddit is right about a lot of things. Invest in low cost index funds. Seek ways to save tax dollars. Buy and hold. Don’t panic sell. Most of their advice echoed the advice I received here a year ago. + +#3. I invested in arguably the worst possible time and I’m already in the black again + +I spent Q2 interviewing fiduciaries and getting all of my accounts/taxes figured out. I spent Q3 and Q4 diving into the stock market. Each month, I invested more than the last month. + +Investing in a market peak right before a crash is ostensibly the worst time to invest, but actually it didn’t even matter. I resisted the urge to panic sell, and continued to invest regularly as the market crashed. My investments have already recovered and I’m in the black. This trial by fire has tempered my resolve, and it will be much easier to weather future downs in the market. + +My investments did not outperform the Nasdaq, though. That’s not super surprising because tech has done really well through covid. + + +#4. I don't understand how this keeps happening but I'm making more fucking money + +In 2019, I made a smidgen over $1 million. I was really expecting that to be my ceiling and Q1 2020 supported that with slightly plateaued growth. + +However, every once in a while I had a fan ask me to make a certain type of content (being very vague here so as to not reveal myself). I ignored them because I didn’t think there was any money in that content. One day in Feb, I was feeling bored, so I decided to experiment and published some of that content just for fun. That content has turned out to be extremely successful and wildly profitable. That content made about $40k in June alone. The crazy thing is it only takes me about 30 minutes/day to make. It has my best time:profit ratio by far. + +Also, I adapted my main content a bit and rallied in Q2. I made about $125k in June from my main content, adding up to $165k profit in June. July is on track to be higher. + +On Jan 1 2020, I projected $800k – 1.2M for 2020, but now it looks like $1.5 – 2M is a more reasonable estimate. It might actually be 2M+ if my side hustle keeps growing like it has been, but I'm very new to this type of content so I don't know how it grows or performs over the long term. + +My current net worth is $2,005,658 (hitting this number inspired me to revisit my old post, and then write this update). We’ve got $800k in the house, $200k in cash, and almost all of the rest is in low cost index funds. + +#5. So, now what? + +The past few years, my career has exceeded my wildest expectations. I’m starting to realize that I can basically envision a life that I want, and then just pay for it. At the moment I really enjoy my job so I don’t have any intention of quitting. My original investment goal was $2.5m, but I am rocketing towards that goal and will pass it in 1-2 years at this point. My wife and I are thinking of maybe retiring between 5-10M invested. She makes about 90k/year and talks about quitting literally every week, but hasn’t because (if I’m being honest) she’s too proud to sit around and do nothing while I work all day. She spends a lot of her time looking at beach houses on Redfin in the $1-3M range. I have also felt the siren call of lifestyle inflation. + +Ultimately, I don’t know what the future holds. My plan is to milk this career for as much as possible, and as long as possible. + +I brought up the idea of making deposits in my wife's mega backdoor as some people suggested, but she insists that that'll never happen no matter how much I make. + +I wanted to thank everyone for the advice you gave me on my last post. It has truly helped me secure my future! + +LMK if you have any questions and I'll try to answer. Also, please respect my anonymity... you guys are hilariously bad at guessing who I am anyway. Nobody was even close on the last post. +Can any fatFIRED people comment on how their social circle changed post FIRE? + +Did you start losing touch with friends who are still grinding or friends who have no plans to stop working? Conversations become harder when your interests and life-plans are so different and you obviously have more time to be relaxed and less need to be ‘switched on’ or networking at gatherings.. + +Did you end up making new friends or social circles of people who have also FIREd and have a lot of free time, quirky hobbies and more of an independent outlook? + +I ask because I’m getting closer to doing it.. and wondering if it’ll be hard to keep a part of my social network since many will be either be busy with a career or spending a lot of time networking etc and probably have a lot less ‘chill time’ to relax and ‘enjoy the moment’ + +37, married, one kid if you’ll give advice. +Hey everyone, + +Genuinely curious about this. So many parents, teachers, etc always exclaim to some teens/students - “Oh, you will be successful in life. You are such a go-getter”, or something to that effect. Whereas other people never really get noticed by said mentors/teachers/etc and may be the so-called “underdog.” So my question is, back in your younger days, did people always expect you to be successful or did you prove to be an underdog? + +Thanks for satisfying my curiosity! +Do I need 10s of thousands of dollars to really benefit from the markets drop? I'd like to buy some funds and stocks since they are low now but can't really spend more than 5-10k. Is it even worth it for me? + +Edit: thank you all for the great advice. A little bit about me. I remember the 2008 recession. I was in college and in no position to invest but I saw the home prices and how much they've gone up since. I'm now much older with some funds to invest. It feels like a good opportunity now because we saw how things bounced back after the recession. I'm currently feeling FOMO but lost at the same time. I wish I had more to invest because we may not see this happen again for another 10+ years. I feel like investing in gaps might be more beneficial rather throwing everything into a vngrd fund at once. +Aside from the earning dumb a few weeks ago. Why is the share price collapsing these couple last days? Was there a new revelation that I didn't know about? +***Edit:*** *Per recommendations from commenters, I've updated the flair to DD. I'd originally flaired as "Education/Data". Mods, if it needs to be switched back, I'm more than happy to.* + +\------------------------------------------------------------------------------- + +**I'm not giving you a TLDR. If you panicked over the other posts and jumped to conclusions, you need to sit down and read this one.** + +There were a couple of highly upvoted posts about active users/users online suddenly dropping. The conclusion in the majority of the comments is “these are bots logging off suddenly": + +* [Example 1](https://www.reddit.com/r/Superstonk/comments/no2mm0/this_sub_just_went_from_85000_users_online_to/) +* [Example 2](https://www.reddit.com/r/Superstonk/comments/no2er4/anyone_else_just_saw_the_number_of_online_users/) + +Guess what? **This has been going on for a while now.** Stop what you’re doing for a moment, and breathe, read this, get some wrinkles. + +&#x200B; + +Important stuff before the education part: + +1. **Creds:** I'm a senior level software engineer at a very, very large corporation. Part of my job is (and has always been) assisting setting up environments and configuring/setting up servers/server management software to environments that have to be up 24/7. I have been doing this job for over 8 years. I have seen some shit and done my time. I am tired. +2. “Users Online” is not the number of people **actively viewing** the sub, it's the number of **active sessions** tied to the sub (meaning that a browser/app is currently logged in and that subreddit is up in that client). +3. Yes, there are bots here. Whoopty-freaking-doo, because, guess what? The DD hasn’t changed. Buy, hold, grab a towel and *don’t flipping panic.* +4. This is not financial advice, nor is there any here. + +**Ever wonder why Reddit is (almost) always up and rarely has maintenance?** It’s because they have some form of a load balancer that filters the request load between the underlying web servers so that (in general) the site stays up. Every now and again, the underlying servers have to go down for maintenance or have scheduled tasks that refresh the active memory, clear sessions, and perform updates (e.g., security patches) so that the site is still accessible even though the engine hood is open and there's black smoke billowing out. + +[Actual picture of me and you, right now](https://preview.redd.it/nqdzvobn48271.jpg?width=900&format=pjpg&auto=webp&s=d26537f5db7501eb434d9b05c3c1a742cd9d4161) + +**ELIAA:** When you access most sites nowadays, you’re not sending a request to a physical machine or box – you’re sending a request to a *load balancer*. This is a piece of software (think of it like a valet) that chooses how your request to the site will be directed *before it even gets processed*. The response you see in your browser is *not coming from a single location* \- it's distributed internally across multiple internal networks and there is a huge amount of stuff going on behind the scenes just so you can see Superstonk at 3 AM. + +Reasons why this is good: + +* Load balancers distribute the load between the underlying servers so if one server has gone down, the system stays up. This is called redundancy. It's like having multiple cash registers at a supermarket - if one goes down, you can still check out customers, *they just have to switch lanes*. +* Load balancers act as a buffer between the underlying servers and direct contact with the outside world. Think of a load balancer like your computer's firewall, except that firewall has AI that detects threats/threat patterns *and* has active management around the clock by real live server administrators (who sometimes get calls at 3 AM because servers go down or someone forgot to press F3). + +Having a *distributed internal network* of servers means that when there's issues or internal maintenance, the ability to access the site doesn't change... but people sometimes see weird effects (like active users dropping, or the site being down momentarily). + +**The most likely explanation:** Reddit’s server management system does “scheduled cleanup” on sessions. It drops inactive sessions (or refreshes sessions) older than X minutes or starts dropping them when a server or component has too many sessions in memory. Some form of this is standard practice across the industry - it clears up local memory and makes the site run faster as a whole. Think of it as “clearing your cookies/cache” in your browser, except Reddit is doing it on the backend with your *session* when it needs to. The effect you see is that everyone who hadn't accessed it in a while got kicked, ergo, 150k -> 20k in less than 5 minutes. + +*Wrinkly Stuff: a session is a quick and easy way of keeping up with a user's state while they're logged into a system without the user ever knowing about what the session contains. Sessions can hold a lot of info, or very little, depending upon the architecture of the underlying application(s). In this case, Reddit is most likely holding your current subreddit* *in session, or current subreddits - which is important to think about... if you have multiple tabs open, which tab are you "online" for - all or one?* ***The "online users" is not a count of the number of people "actively looking" at the subreddit, it's a number used to gauge interactivity, which is calculated by reddit internally using session data, ceiling wax, and other fancy stuff.*** + +Even if you didn't understand much of the "wrinkly stuff" above, re-read the the bolded sentence. "Online users" is **not** the number of users that are **currently focused** on the subreddit. It includes browser sessions that left a tab open (ever leave an extra 15 tabs open?) or reddit being open in the app on your phone in the background (ever check SuperStonk every 5 minutes?). + +So, yes - I'm sure there's several shills and bots in there too (hi Ken and all his friends). But, based on what I've seen posted, many of us are tuned into this from the moment we get up til the moment we go to bed. I know I am. It's very possible we could actually have 100-150k active users on a daily basis. + +So, yes, we have bots. Yes, we have lots of non-subscribed visitors, but that's understandable because we're starting to get attention *and has been noted for a while*. I cannot disprove or confirm that the sudden drop in online users *isn’t* bots logging off en masse. However.... + +**I can confirm that this has been reported** ***in a positive light*** **since the initial GME/Superstonk split (which I was here for), which makes me suspect this is being highlighted because of FUD.** + +Posts dating back to inception: + +* ["Look at the online users"](https://www.reddit.com/r/Superstonk/comments/mkkdwa/almost_70k/) +* ["More users online than GME"](https://www.reddit.com/r/Superstonk/comments/mkosn6/holy_cow_guys_you_are_amazing/) +* [**"No other sub has this many of its users online at once"**](https://www.reddit.com/r/Superstonk/comments/ms9ny5/no_other_sub_has_this_many_of_its_users_online_at/) + +That last one is the most important. One month ago, we were celebrating having 66% of the sub online. Now... we're not? What changed? + +There very well could have been a ton of bots logging off - my point is that it was the only answer provided, **and it is 100% not the only possible answer and is based on BIAS.** *Also - did anyone posting these even check or monitor any other subs* *outside* *of their confirmation bias circle (Superstonk/GME/W-s-b) to see if they had the same issue? (****Seriously****, if anyone has this info, it is vital to check against a non-biased dataset before jumping to conclusions)* + +So, the data hasn't changed. The DD hasn't changed. **The only explanation is your emotions are getting the better of you**. One month ago we were celebrating the number of active users online and now it's being called sus. The fact that this sub is incredibly active has not changed. If you celebrated it before and now it's sus, your own FUD has affected your judgment. + +Grab a towel and a tea and for the love of the gods breathe. Nothing changed in the data, but your POV did. + +**It's the weekend, chill and trust the DD.** +I am not a doomer, but I am a Canadian and I know that countries outside of the United States of America do not usually have fixed rates for mortgages for any term beyond 10 years. If they exist, the rate is very far above shorter mortgage terms. In Canada, 10 year fixed mortgage rates have doubled (from 2.99% to 5.94%) from the lows in 2020 to the current rate. 30 year rates are almost unheard of. [The only 25 year fixed mortgage is offered by the Royal Bank of Canada and is currently quoted at 9.75%.](https://www.ratehub.ca/best-mortgage-rates/25-year/fixed) + +Because of a long term downtrend in interest rates between the early 1980s to 2021, personal finance subreddits like r/PersonalFinanceCanada as well as people in real life have recommended for decades that borrowers choose variable mortgages. Those mortgages have rates that fluctuate based on the [Bank of Canada's key interest rate, which has gone up repeatedly in 2022.](https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/) Mortgage contracts require that all borrowers must pay all of the interest due even if the principal is not being paid down at all. When interest rates rise substantially, the amount that a borrower is paying may not be sufficient to pay off the interest and as such, payments go up, sometimes by [$2000 a month](https://vancouver.citynews.ca/2022/10/26/surrey-man-home-high-rates/). Unless a borrower was very frugal and has very high income, this is a financial disaster. + +Now, we know that inflation is very high in a lot of countries (except China and Japan, in bot cases due to severe population aging and for China, draconian lockdowns severely curtailed economic activity). [Despite wages going up nominally, they have not kept pace with inflation.](https://www150.statcan.gc.ca/n1/daily-quotidien/221104/dq221104a-eng.htm) In 2008, it took only a small segment of borrowers defaulting to bring down the housing market in the US, and in 2023, it will also only take a very small number of borrowers defaulting in the [fastest rate hiking cycle in nearly 50 years](https://www.visualcapitalist.com/comparing-the-speed-of-u-s-interest-rate-hikes/) to bring down multiple housing markets and clog up the court systems with personal bankruptcy cases. +There's screenshots going around that are incorrect. + +If you want to stay abreast of "insider buying" or when Ryan Cohen might buy more shares, it'll only be public information when an **SEC Form-4** is published. + +You can check insider buys at these sites: + +[https://finviz.com/quote.ashx?t=GME](https://finviz.com/quote.ashx?t=GME) + +[https://www.secform4.com/insider-trading/1326380.htm](https://www.secform4.com/insider-trading/1326380.htm) + +[https://www.marketbeat.com/stocks/NYSE/GME/insider-trades/](https://www.marketbeat.com/stocks/NYSE/GME/insider-trades/) + + +#Everyone keeps reposting the same source, yet nobody is asking HOW THEY GOT THAT INFO. It's impossible. Let's look around and see if ANYTHING ELSE CONFIRMS THIS. + +[GAMESTOP itself has reported NOTHING!](https://preview.redd.it/uhubz3rs5v571.png?width=1420&format=png&auto=webp&s=28ffde0a3dc59705eba274a8e202a8a7be2b0d76) + +&#x200B; + +[The SEC hasn't heard from Gamestop since the 11th. NOTHING HAS BEEN REPORTED.](https://preview.redd.it/m5d13lt66v571.png?width=1262&format=png&auto=webp&s=2f066321fb83d3c757007d1cddfdb1a2f6ea31c5) +My older brother and his wife had dreams, but he kept saying he would postpone them until he retired. + +He wanted to travel the world. See exotic spots. Train for a marathon and complete it faster than other people his age. Live in 12 different cities around the world every month for a year and wander the streets and live like a local. Work on his golf game and finally get a hole in one. + +Finally, he reached 62 and went on Social Security and became eligible for his pension. Within a few months, his arthritis became so bad he can hardly move. He has gone to countless doctors, they can't really help him. + +Waiting to retire a few more years so he could save a bit more money was a terrible mistake. Can you relate? +The last of the big 4 to do so. + +With settlement in July, thanks to the suggestions from this sub I'm glad I paid for rate lock! Saved myself $4000 in interest over the 4 year period. +I've ran my model against the S&P 500 in my 20, 15, 10, 5, and 1 year back tests. + + +Is it it common for people to do such a think maybe making one one or two trades a day and typically holding longer term? + + +I know it kinda defeats the purpose but the idea that I can just let it do its thing while I keep a general eye on it seems enticing. I'm new to this entire sport, but not new to software engineering so this is kinda just a different and seemingly fun, curious if others have 'automated' in such a way rather than doing crazy millisecond trades and whatnot. + + +Thoughts? +**\*\*\*\*\*\*\*\*\*\*I am not a financial advisor and this is not financial advice\*\*\*\*\*\*\*\*\*\*** + +Good evening, apes. I hate my wife. + +https://preview.redd.it/uymni9nt76w61.png?width=800&format=png&auto=webp&s=7f0c6a259106dd1ae9c9a5433bbd617280cc51d5 + +I come to you with just a tiny little update. This will be a very random update with my thoughts on the past few days. + +**FTD Cycle** + +Price-wise, the FTD cycle theory still seems plausible as we saw that nice increase on Monday. However, volume can only be described in one way: + +https://preview.redd.it/rvmni89q76w61.png?width=1200&format=png&auto=webp&s=f43d5a14f965b46f99b9355817ef43405e0e4af8 + +I am hoping for a large increase in volume well over 10M sometime soon. This seems more plausible, and I know I already said that technicals don't seem to apply to GME but I am a fucking simpleton and have no self-control, because of the fact that MACD has converged, RSI is still sitting neutral, TTM squeeze is ripe for some light blue candles, and IV is extremely low, which makes us ripe for a gamma squeeze. Also, I just wanna say that I absolutely LOVE all of the DD I see about elliot waves. I don't really consider these technicals, I more consider them law. I am not an EW trader (though I'd like to be one day), so I can't provide much DD on those. Nevertheless, I just wanted to say thank to everyone who does DD on EW because I absolutely love it, and it's in our favor right now. + +[What is the FTD Cycle?](https://preview.redd.it/lou9auwoa6w61.png?width=1398&format=png&auto=webp&s=7f2482840b33bf3beef9995c90b1f2c09d03bf71) + +Both IV and volume are extremely low right now. Volume is disturbingly low. I am honestly shocked at how low it is. Our current setup says to me that volume just needs one thing: + +https://preview.redd.it/welu8bns86w61.png?width=500&format=png&auto=webp&s=e70b82f55c80e57286be070749fbda837d7e4377 + +So yeah, I'm just waiting on a little push. It's also very strange to see so many of these days where we have minuscule volume and low price changes. With all of these low price changes, I think there's a chance that we are still in that giant triangle and have yet to break out of it because it seems that our uptrend patterns are getting smaller and shorter and our downtrend patterns are getting smaller and shorter. + +As I've said many times before, SPY and GME seem to have an inversely proportional relationship probably because funds have to sell off other assets when they cover GME. Well, thankfully SPY seems more oversold than ever right now (1 week chart): + +https://preview.redd.it/a7arsiqy96w61.png?width=1642&format=png&auto=webp&s=e52d153f3c19b1cc8db10b325c40a32fc8022ca8 + +Also absolutely hilarious that SPY might have resistance at 420.69. I hate to be a bear but this price is just unreasonable right now. Yeah, earnings have been good, but the market is pricing stocks like the recovery has already happened completely. I call BS. + +**Something interesting** + +You've all probably noticed that GME will spike up randomly in any given day. I've been noticing that a lot this week especially. Well, for the past two days, there have been these massive volume spikes around 1pm. It's very strange because it's the biggest volume candle for each of those days. + +https://preview.redd.it/xdn4vvmob6w61.png?width=2050&format=png&auto=webp&s=5d5c4ad13842d8bee5cf8ad3153452bfd85ae748 + +What does this mean? I'm not too sure, but it's definitely strange. Could it be shorts covering SOME of their FTDs just so they don't bleed out? I don't know. Could it just be a coincidence? My answer to that is a resounding no. Why? First, I looked at boomer stocks like SPY, AAPL, MSFT, etc. to see if it was just a market-wide occurrence. Nope. But do you know who else it happened to today around 3pm? AM fucking C: + +https://preview.redd.it/rwi7lcg6c6w61.png?width=1428&format=png&auto=webp&s=d3c1dc74723f744bfe8fe8381c48bc77dfcb26fa + +Now that's just weird. Two stocks that we believe are abusively shorted both having their highest volume candles (green volume) in the second half of trading days around the same time while the rest of the market doesn't? Seems very fishy to me. I've been looking at their charts and this happens a lot (as you've probably noticed). What I theorize is that this could be shorts covering the bare minimum to stay alive. I have no evidence to back that up but it's just a theory. + +**A question** + +Apes, I usually come to you with knowledge, but now I am asking you FOR knowledge. So for the past few days I keep seeing OTC and OTCBB bids for GME that are above $10,000 (I saw one for 29,000). These aren't just random, I've been seeing them for weeks and they come at random times throughout the day for like 10-20 minutes. Does anyone know what this could mean. Do the OTC markets represent dark pools and if so, what does this tell us? At first I thought it was just some dick face trying to fuck up the spread, but it just doesn't make sense that I keep seeing this every day. Anyone have anything there? + +**FUD alleviation** + +Apes, I know that waiting sucks and it creates FUD in your mind. When the stock isn't moving and going down, it's very easy to become uncertain. I feel this too. However, anytime I catch myself thinking that it's either A. not going to happen again or B. we're wrong about short interest, I think of two things. 1 DFV doubled down even though he could retire in luxury right now. 2. GME's chart is not behaving like a non-manipulated/shorted stock. I'll echo what I've said in other DDs: + +"It is not normal for a stock double in the span of a few hours on news of a CFO getting fired (2/24). It is not normal for a stock to open at above 250, go to 350 before noon and then fall down to 172 all before 2pm on absolutely no news (3/10). It is not normal for a stock to tank on earnings and then literally make back those losses the very next day on absolutely no news (3/25). It is not normal for a stock to double on news of the CFO being ousted but to go down 5% on news that the key player (Cohen) is being announced as the god of the board of directors. It is not normal for a stock to stay above $150 when every Wallstreet analyst says it's not worth more than $50. It is not normal for a stock to have a negative beta. It is not normal for a stock to fluctuate in value by 10x over the span of a few months (up AND down) on very little fundamental news. It is not normal for multiple forums talking about the same stock to be infiltrated repeatedly by suspicious accounts trying to create FUD (i.e. shills really on exist on forums discussing GME, not regular retail investing forums like [r/investing](https://www.reddit.com/r/investing/) and [r/stocks](https://www.reddit.com/r/stocks/) (which I am banned from hahahaha)). It is not normal for a stock to be universally hated by mainstream finance yet still be trading over 3x what they believe the fair value to be. It is not normal for a stock to get squeezed, fall back down, then almost regain its squeeze price on no fundamental news. I could go on and on." + +Stay strong, apes. + +https://preview.redd.it/vk9js5rzd6w61.png?width=538&format=png&auto=webp&s=3bd80a7e2f883b365a901f126e85c151ce99b7f2 + +**\*\*\*\*\*\*\*\*\*\*I am not a financial advisor and this is not financial advice\*\*\*\*\*\*\*\*\*\*** +We have been living in interesting times for nearly two years now, and it isn’t all quite over just yet. For better or for worse, how has it changed you in regards to FIRE? +I called my bank today to ask about temporarily suspending my mortgage payments. I'm a small business owner and while I'm OK during this time, I was curious what the process was like or what they were offering. I'm also a financial coach and wanted to give my clients a head's up of what to expect if they were thinking of pursuing this option. + +I called and was informed that I could apply for a 90-day protection, which essentially meant no penalties, fees or negative credit reporting for 90 days. Sounds nice but... + +**Concern #1: They wouldn't provide me with any documentation in writing until after I applied.** + +I then asked about what happens after 90 days and the Customer Service Rep could not tell me. Granted, I do believe she simply doesn't know and this situation is new for many of us. + +I then asked "What have you heard MIGHT happen after 90 days?" + +She then said she's heard it's based off the investor of the loan so it will be up to them but she's heard of 3 possibilities: + +1) The 3 payments get added to the back of the loan (essentially extending it for 3 months) + +2) The amount missed gets added to the balance and is capitalized. + +**3) You will have to make the back payments or be forced to do a loan mod.** + +That last option is troubling for a lot of people and I have a feeling they don't realize it until the time comes. She was not able to tell me if the interest rate would be different or what the modification would look like. For us, we have a great interest rate and a loan mod could result in a dramatic difference over the life of our loan as far as interest is concerned. + +I chose not to move forward with the application until there's a more concrete plan or policy on how these will be handled on the back end (after 90 days). + +My concern is that a lot of people will not consider "what's next" when looking for help today with their financial stress. They will simply jump at the chance to postpone their largest bill - kicking the can down the street and possibly creating a bigger problem later. + +Not every bank is the same so please make sure you encourage people to ASK what happens with these missed payments after 90 days. Be aware of the LONG-TERM impact as well as the SHORT-TERM with these kinds of things! + +There were so many loan mods back in '08 & '09 that were disastrous for borrowers. Please let's not repeat that mistake with Coronavirus. +Several people I work with are deep into GME and not all are a fan of the sideways trading. I remind them of the FTD's, new regs, the Russell 1000 etc. + +But the thing that always seems to perk them up the most "Could you imagine how beaten, frustrated and tired the dumb bastards at the other end of this feel right now?". + +They've shit talked not just retail, but an entire generation and beyond and now their games don't work. The rules of panic selling no longer apply. + +They can try FUD, they can try dips and flash crashes, but a bunch of fucking retards look at it and gobble it up and nothing they do will make apes fucking sell! + +MSM articles and interviews to shit on GME, diversions in precious metals (tanking), diversions with crypto (that shit has crashed 4 times?) and pushing other stocks only for "Nope, still holding." + +So, if you feel frustrated due to one week of sideways trading, they've been sitting for 6 months knowing that they're dead in the water. They just desperately fight to get to the next day while retard retail buyers mock them and laugh at stupid fucking memes. + +Now with 002 they're going to lose the complicit safety net of their lenders not being willing to issue margin calls because it'll hurt them as well. Now it's a computer who decides when they die.. + +Buy, hodl and wait for launch. +My minimum payment on my car is $253.75/mo but I've been paying $300/mo since I got it. However, looking at the breakdown over the last year I notice that the amount going towards principal ranges from $202 to $218 and it fluctuates each month along w/ the amount towards interest and then the extra of my payment goes towards principal. + +I autopay on the 1st of each month. Does this fluctuation just have to do with the actual day they receive the payment? + +Edit: Thanks everyone for the responses. I am familiar with amortization, being in our 3rd house, but the amount towards principal increases every month unlike my auto loan. It was the responses about daily interest that made sense. I did not intend for this many responses as I normally only get a few. Hopefully others have been helped by my lack of full understanding/forgetfulness on auto loans. I'm not nearly as financial-savvy as many of you but I do thank you all for taking the time to respond. Stay safe out there! +Dear Thetas + +recently got lucky with some calls (thanks to u/yourboymilt) and have a rather comfortable "problem" ...I don't know what stock to wheel next. + +Currently I'm wheeling about 60k in different stocks but it's quite tech heavy (because I know them best and know what I am willing to hold if assigned). + +Now it's time to explore new shore of other industries/sectors. But where should I head? So I thought time to ask my fellow thetas here for recommendations to look at and do my own dd. + +Which stock would you choose for a CSP with 10k?(i am not afraid of more risky plays but I am not a hardcore gambler and will do my own dd before investing) + +**Edit 03/13: Wow, awesome input. Way more than expected. Thanks Thetas! Really helpful and kind of you :) Time to look into some of those companies (I think I need more money. those 10k won't be enough once digging into those companies)** +Tuesday’s “hear me out” on tastytrade, Tom says hedge funds turning away investors is at an all time high. + +When I googled this today all I see is a Bloomberg article. They show a graph showing every year the number of hedge funds closing to new investors goes up, but this does appear to be a steeper jump than usual. + +Their thesis was that this implies that hedge funds dont see any opportunities and don’t want to risk their reputation even for the 20/2 incentive to gamble because they’re so sure there’s nothing worth gambling on + +I could think of reasons why this isn’t bearish, but that’s definitely not my first reaction. Like maybe everyone prefers to gamble on their own and it would be embarrassing to be open to investors and no one is interested. So maybe better to play hard to get an preserve a signal of strength for when individual investors potentially get bored or give up trading on their own. Wait until they fail and hedge funds thrive and maybe the money will come back begging for help? + +Even if this was a market top, short funds, option selling and alternative assets should be doing well unless cash was the only thing worth holding. Then maybe start a hedge fund that only holds cash until a “bottom” or some other opportunities show? + +They’re literally supposed to be funds for hedging. So they shouldn’t necessarily be trying to beat the market. If the actual purpose and definition mattered, the mainstream/noncontrarian spin would be that there is no need for hedges and therefore consensus is bullish? + +Any thoughts on how to interpret this? +I took [a large(er) position in Ethereum](https://www.reddit.com/r/ethtrader/comments/5uv5q4/trading_the_flippening/) one-year ago today. From 13 USD to 942 USD. One of the best speculators on the sub. Believe that. + + + +Stay HODL my friends. +Hello r/povertyfinance! + +&#x200B; + +I have been poor my entire life. I grew up poor and spent most of my adult life struggling to keep my head above water. After high school I worked 12 hour shifts in a factory because I couldn't afford to go to college. I lived in dumpy apartments, drove rusted out beaters and spent weeks eating generic mac&cheese and Ramen noodles just to make it through to the next paycheck. A few years ago I put myself through technical college (my 2-year degree took me 5 years part-time) and got an associate's degree. I got a better paying job, although I work a couple of part time jobs, as full time jobs in my field are rare. Even with a small bump in income I figured I would work paycheck to paycheck my entire life. A couple of years ago though I found Reddit; I found the r/personalfinance sub and read all about how to save money, pay off debt & heal my credit score. I kind of rolled my eyes, but followed some of the advice as best I could. Then I found r/povertyfinance and followed the advice here which was more tailored to my actual financial situation. Well, after three years of hard work & sacrifice I can say that while I don't have a stock portfolio and a 2nd house in the Hamptons, I have over $1,000 in savings, I haven't paid a bill late in 2 years and my FICO score is now above 750 for the first time in my life (for those who are interested, I was at about 600). I just refinanced my car last month and was offered a prime interest rate. I almost cried. I went from paying 13% interest a few years ago to 2.4% this month. I know it wouldn't mean much to a lot of people, but I feel like I'm finally pulling myself out of the poverty pit. I just wanted to share with some people who would understand how hard of a struggle it was and how proud I am. + +&#x200B; + +Thanks for reading! + +&#x200B; + +TL;DR: Crawling out of poverty thanks to reddit! + +Edit: A couple of people have asked specifically how I was able to do this. The biggest help came from using the debt snowball method, creating a Mint account, which helped me track all of my spending and set up budgets, and sticking to my goals of paying down my debt, raising my credit rating and building savings. I'm still not 100% out of the woods yet, I have a few thousand left to pay on my student loans and car payment, but I can see the light at the end of the tunnel. Thank you so much to everyone for the encouraging words & I wish all of you good luck in your personal financial journeys. + +P.S. I removed some personal information from the original since this is getting a little popular. +There has been a bit of a debate on this subreddit about the role of decentralisation in crypto. I believe that decentralisation is the **ONLY** point of crypto. + +Crypto has so many comparable non-crypto centralised alternatives, which can provide the same features. Here is a small list of features that crypto can offer, and a centralised/non-crypto alternative: + +* Store of Value - Gold +* Transfer of money - PayPal/CashApp/Payoneer +* Yield products - Bonds/Some investment trusts +* Investment opportunities - Stock market +* NFTs - ownership papers +* Privacy - Cash (admittedly weak, I’m not an XMR shill I promise) + +I’m sure I’m missing a few, but my point is that one can access all of these features in a centralised manner. What crypto offers is the ability to access all of these features in a trustless way. I.e. You no longer rely on PayPal to “allow” you to send and withdraw money, it is all done by the network instead. The only differentiating factor between these centralised options and crypto is that crypto does not rely on companies/middle men. + +**All other features of a crypto, say fast speed, low fees, and any other great technical advancements, are just a means to make the decentralised product better, but are not the main feature by any means.** + +Take BTC. It sits at #1 because it is the best store of value of any crypto, but the reason it has any value in the first place is because it is decentralised. + +**Decentralisation gives fundamental value, other features enhance that value.** +So.... The glitch is back, I've personally waged a war against it as I've consolidated my belief that it's actually a glitch. But there are people who are still skeptical, which is totally fine - as we don't have a 100% solid reason for why they occur, just that they do occur. + +In light of that, I thought I'd share all I know about the glitch in hope that one of you may pick up on something, or dig further so we can understand the reason why it happens and either put it to bed or at the off chance, discover something cool. + +Originally there was a group of us who took a lot of time to figure out WTF it actually is.... and pooled together various screenshots and recordings which I'll share below. + +# Video Recording + +The link below is a video recording and we've found you can replicate the glitch on any stock by (in this example it's GME and AAPL): + +1. Having open TD TOS before after-hours trading which shows normal order book volume (likely skippable) +2. Closing TD TOS app +3. Opening TD TOS app after-hours which then causes the glitch to occur +4. Expanding glitched level II data by pressing the magnifying glass button (essentially zooming in to see lower interval prices in EOB) +5. This moves the "Glitch" from a price of $182.51 (9 bids, 3 ask) to $182.10 (8 bids, 3 ask) +6. This moves the "Glitch" from a volume of 183,971,094 to 183,915,732 - which is a difference of 55,362 + +[https://imgur.com/a/klTzNal](https://imgur.com/a/klTzNal) + +**Original Hypothesis:** + +This was all when my previous DD was still very much alive and i was using this "glitch" as some numbers in it, after seeing this i was sold that it was a glitch. My hypothesis for the above was that it was summing the volume between the upper and lower bound price i.e. in the scenario above as it's in $5 intervals between $177.11 and $187.09 to get such an insanely high volume of 183m. + +I don't have the analysis on hand sadly, but the hypothesis did not check out, volume traded at that range was nowhere near 183m mark. + +I paid $80 for 1m Interval GME data, so if you wanna take a crack at it, PM me, and I'll pass the data on (shhh, don't tell the provider 😉) + +I still have an inkling that previous trading volume has something to do with it, if it's order book volume, then well, if you got a data source, hit me up. + +# Screenshot Dump #1 + +This batch of screenshots we had three people check out TD TOS EOB. + +**User #1** + +This user opened up TD TOS after hours, 4:37pm. + +https://preview.redd.it/52j5duy9ys771.png?width=1162&format=png&auto=webp&s=1ea0a1d5db4d2d4fe55ff050a512678f1e60425f + +**User #2** + +This user had TD TOS **open when after-hours hit,** the screenshot was taken 4:41pm + +https://preview.redd.it/s81tqkkfys771.png?width=1442&format=png&auto=webp&s=7e82fb00616801d78b6f752656ca2aa4fc2cad6b + +**User #3** + +User opened TD TOS after hours at 4:34pm. + +https://preview.redd.it/920p9dxnys771.png?width=1176&format=png&auto=webp&s=cba6b9642bbece32bf4f872341953f203eca5535 + +This was to see if it happened with multiple users in terms of opening it after hours for reproducibility, it worked! We also kept one person in TD TOS when after-hours hit to see if they noticed the glitch, which they did not (user #2). + +Note how User #1 and #3 have different volumes as the price moves, this is the same thing we saw in the video. + +&#x200B; + +# Screenshot Dump #2 + +The next dump is looking at the TD TOS Glitch volumes over a period of time. + +**4:53 pm** + +This is the screenshot before the TD TOS app is closed, normal volume after-hours as noted in the video as well. + +https://preview.redd.it/ikcvr1qazs771.png?width=1441&format=png&auto=webp&s=8af0c05e329f3b71e4a36f390c9c9644bb633b0e + +**6:11 pm** + +https://preview.redd.it/omuec99ezs771.png?width=1406&format=png&auto=webp&s=c3307d25fcff614cfa02a464afcde2c309a4ecb6 + +**7:00 pm** + +https://preview.redd.it/li6ej2wfzs771.png?width=1408&format=png&auto=webp&s=492b547e1926cec1517a19b36e847ced48974b99 + +**7:53 pm** + +https://preview.redd.it/i2kml7wjzs771.png?width=1402&format=png&auto=webp&s=7206dd3245b3eb371394324fe5a385692e0b15f2 + +For those that don't want to squint, for GME the volume, prices are below. + +24,950,943 | $181.30 + +24,950,943 | $181.30 + +24,950,943 | $181.30 + +24,950,943 | $181.30 + +These are all the same across different time periods at the same price, so we can observe that it is static on day end in after hours. A further experiment that just came to mind is to look at it one day, then the next day, replicate the glitch and scroll back to see if it has been wiped. + +The last point to note is that it can seemingly be replicated with any stock, only tested 4 here but pls go ahead and try a basket of however many! + +&#x200B; + +# Contacting TD TOS Tech Team + +The last thing we did was to contact the tech team to see what they thought. I did not record it, as someone else was doing it - so you'll just have to take me on my word...... + +\--------------------------------- + +They said their technical team is aware of "the bug" in the total volume count in Active Trader; it previously occurred with futures contracts and they're aware that it's currently happening with some stocks and asked for the following: + +1. Take screenshots throughout the day **(they are not concerned with after-hours)** +2. Send screenshots to [support@thinkorswim.com](mailto:support@thinkorswim.com) with the title "Active Trader Bug - Excessive Total Volume Binned Data" + +\--------------------------------- + +So the thing that stuck out to me here is that they don't care about the after-hours volume and only market hour volume. Don't know why, but I'd put my money on market open volume showing a huge spike like that causing traders to freak the fuck out and sell/buy. Feel free to dig further on that point specifically, re why they don't care about after-hours. + +This indicates to me, there's no plan to fix it unless it starts to happen during market hours... + +u/Criand since you did some DD using this. + +u/happy_dick_punch, same reason as above. + +Edit: Clarifying that this can be replicated on **any day after hours,** which is why I did not bother with dates and only timestamps. +Hi, + +As the title states, I am a 21 year old male in approximately £20,000 debt. + +I’m not completely sure of the total as I am waiting to hear back from Santander regarding a statement of account for a personal loan with them, but other than that my debts are as follows: + +Credit Cards: + +Barclaycard - £1,078.64 +Capital One - £2,091.40 +PayPal Credit - £3,785.83 + +Total = £6,955.87 + +Personal Loans: + +Monzo - £6,155.78 +Santander - Approx. £5000 + +Overdraft: + +Monzo - £655.00 + +I’m in a bit of a vicious circle now because the interest on top of my other direct debits is leaving me with little to zero disposable income each month to reduce the actual debts and I’m having to use the credit cards after making payments to get by each month. + +My take home pay each month is £1,335 on a salary of £20,000. I’m currently an apprentice but really dislike my job and am applying to the navy. This creates further problems as I will have to most likely take a pay deduction to get another job initially and I know for a fact the initial salary in the navy will be £15000 for 6 months whilst training. Board and food will be cheaper though so I may be able to survive. + +My outgoings at the minute are as follows: + +Board - £80 +Car Insurance - £94.25 +Car Finance (HP) - 187.81 +Santander Loan - £158.73 +Phone Tariff (PAYG) - £30 +Laptop - £45 +Road Tax - £13.12 +Barclaycard Repayment - £125 +Capital One Repayment - £125 +Monzo Loan - £120.73 +Monzo Overdraft (inc. £15 interest) - £50 +Gym - £10 +Petrol - £80-100 +Food - avg. £115 + +Total = £1,245.64 + +This leaves me with less than £100 with to live off for the month. I don’t really have any family or friends that can help as my family are not wealthy and my parents are probably in more debt that me from what I have seen in statements lying around. None of my friends that I am close enough to are really in a position to help me and even if they were I wouldn’t feel comfortable asking it really pains me to ask for help at all especially considering it’s entirely my own stupid fault. + +The only reason I am posting at all really is it is the only reason me and my girlfriend of 5+ years ever argue and i am surprised she has even put up with it for this long. The debt has been increasing over 3 years and I’ve been able to do less and less stuff with her e.g going out for drinks and stuff. I don’t know what I’d do without her I am mentally drained i don’t sleep that well and I wake up with a feeling of dread as it’s the first thing I think about I’m not sure how much longer I can keep on with this. + +I did get a second job at one point doing delivery driving for a takeaway but I was working 16 hours a day in total and still only getting paid in total about £110 although I did manage to decrease my debt a bit over that period whilst I felt even more drained and had no time at all to myself and no personal life and eventually ended up becoming quite ill due to lack of sleep. + +Any help would be massively appreciated I just want to get my life back on track and never get in a mess like this ever again. + +Update - Thanks for the help everyone, spoke to the car finance company and I have paid over half so can voluntarily terminate the agreement and return the car to them. Also been on the stepchange website and signed up, my debt is expected to be cleared within 3 years so definitely given me a positive outlook for the future. I’m not going to return my car for a couple of months as I have a couple of repairs to make before I give it back so they don’t charge me over the odds also I have a private plate (that I was gifted) which I will have to pay to have transferred off. +Most of us have seen or received company swag like branded hoodies, stickers and stuff. However I'm now tasked with coming up with gift ideas for a group of senior leads in my company (stickers won't cut it). + +Knowing how many successful and wealthy folks we have in this community, I thought it would be a good place to ask. Maybe some can share examples. + +However I'm curious about special company gifts that have made an impact on you? How have they evolved as you progressed on your career? +I'm planning on buying my first property, a SFH in the Florissant area. I saw that St. Louis just extended the ban on evictions for at least another month. Has anyone had any serious issues with tenants due to these laws? I would be finding new tenants to fill the place in the this instance, so guess I can screen them well. + +Part of me feels crazy for getting in this game now. +In my quest to put things back on track this year and start really saving money again I'm curious how people are affording such lavish toys in this day and age. We have pondered how wonderful it would be to upgrade one of our cars (i30) to something much larger and also buy a caravan for little get aways (both would be second hand). Sadly this is a fantasy however as we really don't have any wiggle room to save that kind of money! Essentially I've found myself a little stuck of late and not moving anywhere fast when it comes to savings. We are a family of 4 with two your children, a 3yo and 1yo. Our income is in the 150-180k bracket and we have the three primary expenses chewing into that at 3k a month mortgage, 1.3k childcare, and 1.2k groceries. The rest is basically spent on bills, etc. We don't live lavishly, usually buy op shop clothing or only ever things on special, and never really eat out at fancy places, or often for that matter. + +Last couple of years have been tough financially as we went back to one wage and chewed our savings up. I suppose this is somewhat expected when having kids but I've always been able to save money and living month to month tends to make me very anxious. I'm curious what strategies others in similar circumstances have put into play to get ahead. I'm 36 and wife is 29. Appreciate any advice here! We really want to start creating some wonderful family holiday memories with our kids so our goal is to make this happen. Cheers. +Today was the launch of Vanguard Super and everyone was understandably disappointed by their high fees compared to indexed options in Industry superfunds. Although some may think Vanguard Super won’t be able to compete against other superfunds, I believe Vanguard Super to be extremely competitive for people wanting a Lifecycle Investment Strategy. + +What is a Lifecycle Investment Strategy? It is an investment option that gradually transitions to safer assets as you approach retirement. This investment option is ideal for people who wants a hands-off approach to super and not have to tinker with allocations when approaching retirement. + +So why do I think Vanguard Super’s Lifecycle is the best? Firstly, the way Vanguard Super changes its asset allocations are very different compared to other supers. Most supers set it to high growth for people age <56 and gradually adds more defensive assets until you reach age 65. Vanguard Super starts adding defensive assets at age 48 and continues to add more over time until age 82. A graph of the growth allocations over time for different superfunds is shown below: + +https://preview.redd.it/qqaokn1v7az91.png?width=940&format=png&auto=webp&s=420627afc16c584f6ae31b5060781e870f85687b + +Secondly, the total fees for Vanguard Super’s Lifecycle are the cheapest. The graphs shown below show the total fees for a super balance of $50,000/$500,000/$1,000,000. + +[Super balance: $50,000](https://preview.redd.it/rf5m4kq18az91.png?width=1379&format=png&auto=webp&s=68a0ca2b8bf7f0cc4782bba83d01da8d3e1be132) + +[Super balance: $500,000](https://preview.redd.it/4wylgmq18az91.png?width=1379&format=png&auto=webp&s=42ac1673e250fedd4ff60944f21123b95231ea47) + +[Super balance: $1,000,000](https://preview.redd.it/iwot2sa6gz6a1.png?width=918&format=png&auto=webp&s=f2aab88166447462b3bc15b5d0e18b91c6ba3f56) + +One thing to note is that defensive assets are significantly cheaper than growth assets. So, Hostplus being the 2nd cheapest for someone age 65 could be because it invests in more defensive assets. Below are graphs that show the ratio of growth (%) to total fees for a super balance of $50,000/$500,000/$1,000,000. We can now see that Hostplus now ranks 4th in value with Vanguard Super largely being on top. + +[Super balance: $50,000](https://preview.redd.it/xm05ieq68az91.png?width=940&format=png&auto=webp&s=d324113ce5c519d3c5039ef9b7ef47a1b0a35448) + +[Super balance: $500,000](https://preview.redd.it/izwzxad78az91.png?width=940&format=png&auto=webp&s=52a7d63cadcb75acf5c262196a4cd52bd82aeafd) + +[Super balance: $1,000,000](https://preview.redd.it/7azg0t79gz6a1.png?width=913&format=png&auto=webp&s=708e00e80d5c3fd7601f5b1df69927f24e2e51aa) + +For people who are age <40-50 and/or are fine with tinkering their allocations, using indexed investment options from Industry superfunds would still be more cost effective. But for those who a Lifecycle Investment Strategy would appeal to, Vanguard Super would be an excellent option. + +You can find the fees of indexed investment options and the graphs from this post in my spreadsheet: [https://docs.google.com/spreadsheets/d/1sR0CyX8GswPiktOrfqRloNMY-fBlzFUL/edit?usp=sharing&ouid=110868098764009992952&rtpof=true&sd=true](https://docs.google.com/spreadsheets/d/1sR0CyX8GswPiktOrfqRloNMY-fBlzFUL/edit?usp=sharing&ouid=110868098764009992952&rtpof=true&sd=true) +I get it, I'm guilty myself of just cruising and not upvoting. But now I just upvote any DD that I feel is good.. or any hype I feel is good.. and art. Take a ride on the wild side and sort by rising or new and get the good information up there. + +That's it, that's the post. We know we've won but the message and information still has to be plastered in peoples faces. + +Love you apes. +As the topic states, I have a job offer. And i have a job, the two jobs are very similar, primarily computer based. And currently I am working completely WFH, but my job offer that I am keen on, is working from office. + + +How should i request WFH before i sign any contract for the new job? +I tried to ask some well meaning questions on r/Ripple, thinking that was best place to discuss pro-Ripple arguments. Ironically, I only had time to receive 5 downvotes before I was banned. Now I need to resort to you guys instead. + +*Why* would banks ever want to buy XRP tokens held by average joes all over the world? Why don't they start over in their own, closed ecosystem? + +* "Because it would be too costly for banks to implement things themselves!" + +Ok... but how costly? So costly that they would rather buy a substantial amount of XRP, currently with a 57 billion USD market cap? 1000 shitcoin makers have already copied and pasted other coins. + +* "There would be no trust in the system. Banks cheat each other all the time!" + +Ok... but isn't it this problem that distributed systems are designed to solve? And why would they place more trust in the system if non-banks run consensus servers? +OP: + +[https://www.reddit.com/r/Superstonk/comments/p3x6lq/my\_buddy\_worked\_at\_archegos\_when\_it\_went\_down/?sort=new](https://www.reddit.com/r/Superstonk/comments/p3x6lq/my_buddy_worked_at_archegos_when_it_went_down/?sort=new) + +Comment is here: + +[https://www.reddit.com/r/Superstonk/comments/p3x6lq/my\_buddy\_worked\_at\_archegos\_when\_it\_went\_down/h9yqega/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/Superstonk/comments/p3x6lq/my_buddy_worked_at_archegos_when_it_went_down/h9yqega/?utm_medium=android_app&utm_source=share&context=3) + +*Update!! I just talked to my buddy.* + +*It was swaps that forced them to go under. As far as which ones, he doesn’t know, as it was played super close to the chest.* + +*He is allowed to buy/sell GME, however sold all his shares for another company that I won’t mention here. Has nothing to do with any of the “meme” stocks either.* + +*He said IF they were short GME, the open positions MIGHT still 100% open and someone MIGHT own them.* + +Posting for visibility. OP doesn't like attention and I love attention. Shrug. We got all kinds in here... +We've had Ocado deliveries for a year or so now, previously Sainsbury's. Sorted items by 'Price per' and then from reviews after that (I.e if its cheap that's great but with a bunch of 1 star reviews we'd try the next one). We tried to keep our weekly spend under £100 but lately that has definitely become more difficult so we were considering a change anyway. Ocado's recent poor delivery performance for the past 3 weeks though including only receiving half of our latest shop necessitated us having to go to our local Lidl to get the rest (couldn't wait until the next day - baby food, nappies etc). + +Whilst out my wife realised she could easily now go herself every Wednesday due to a recent shift change. So she went yesterday and in the evening I compared the receipt with the same items we would have got from Ocado. Same weights or as near as possible. The occado shop came to £105, the Lidl... + +£75. + +Edit: Thanks for the schooling in sarcasm in typically British fashion. Maybe I should have written into the original post that I knew it was going to be cheaper before we went. I wasn't expecting 30% though, that's the point. Also for comparison's sake for others. + +Edit: Quite a few have mentioned or asked about quality. We bought a chorizo ring, minute steaks, salmon fillets, various fruits and veggies. All of which actually seem fine and comparable to the Ocado stuff. I'm wondering whether it's because with Ocado we tended to go for the cheaper items anyway. We rarely splashed out on more expensive things unless there was a reason for it. I've heard people speak of the poor fruit and veg quality/life from Lidl but it's too early to say as we only went yesterday. We never found anything special about Ocado's though. The best I've seen was visiting an M&S food hall and their fruit and veg was far better. +Good morning, everyone! I'm very excited to announce the brand new Option Alpha Handbook is live and available on our new site: [https://optionalpha.com/handbook](https://beta.optionalpha.com/handbook) + +The Handbook is comprised of objective, searchable, encyclopedic reference material for everything related to options trading. It also includes answers to FAQs we've been compiling from our users over the better part of a decade. The best part is... it's 100% free for everyone. + +We've been dreaming this up for a while, and believe it's something the options community sorely needed. So 9 months and 125k words later, we made it a reality. Enjoy! + + +Edit: link to new site +Canadian Imperial Bank of Commerce is expected to make major changes to its senior executive ranks and announce about 2,000 jobs cuts when it reports fiscal first-quarter earnings next week, according to sources familiar with the plan. + +The shakeup at the top of Canada’s fifth-largest bank will usher in new leadership for its underperforming retail banking division, and in key functions such as risk and technology. CIBC is under mounting pressure from investors to get a tighter grip on rising expenses, and to jump-start growth in mortgage lending, a key source of revenue for the bank that has stalled over the past year. + +Multiple sources said CIBC plans to move Christina Kramer, the head of personal and small-business banking, to a new role as head of technology and operations. Current chief risk officer Laura Dottori-Attanasio will take Ms. Kramer’s place at the helm of the retail banking division. The Globe and Mail is not identifying the sources because they are not authorized to discuss the bank’s plans. + +Ms. Kramer will succeed Kevin Patterson, the current group head of technology and operations, who previously announced he would retire this year. + +CIBC spokesperson Tom Wallis declined to comment about the leadership changes or job losses. + +CIBC’s board of directors will review the plans for leadership changes and job cuts when it meets early next week ahead of the company’s earnings released on Wednesday. + +Chief executive officer Victor Dodig has told staff to expect layoffs over the coming months as CIBC undertakes a new wave of cost control measures, but did not specify how many jobs would be lost. In an internal memo on Jan. 30, Mr. Dodig said that while CIBC has made “steady progress" on improving its efficiency ratio – which measures expenses relative to revenue – from 60.4 per cent in 2015 to 55.5 per cent at the end of 2019, “we have work to do to lower this ratio further.” + +Mr. Dodig also highlighted efforts “to simplify the bank and work differently,” and to “streamline decision-making.” + +The planned job cuts would amount to more than 4 per cent of CIBC’s total staff, as the bank had 45,157 full-time equivalent employees as of Oct. 31, up from 44,220 a year earlier. That would be comparable in scale to Bank of Montreal’s plan to cut about 5 per cent of its work force, announced last December. + +Steve Theriault, an analyst at Eight Capital Corp., said he anticipates CIBC will record a restructuring charge next week to cover the expense of the significant job cuts. “How the market thinks about that will be interesting,” he added. + +The last major makeover of CIBC’s executive team was in mid-2017, when Mr. Dodig moved more than 40 executives to new roles, reworked the bank’s structure to combine commercial banking and wealth management under a single division, and replaced the heads of retail banking and wealth. There have been other important changes since then, too. + +Michael Capatides, formerly CIBC’s chief administrative officer and general counsel, was named chief executive of CIBC’s U.S. business, CIBC Bank USA, last May. And last April, Mr. Dodig’s brother, Ed Dodig, was named head of retail brokerage Wood Gundy in a shuffle that moved his predecessor in the role, Peter Lee, to the retail bank. + +With halting revenue growth and uncertainty about expenses, CIBC’s results are back under a microscope. In the third quarter last year, Mr. Dodig surprised investors when he revealed the bank’s expenses would rise at 4 to 5 per cent, at a time when rivals such as Royal Bank of Canada were pulling back on spending in anticipation of a tougher economic climate. + +“It seems the expense growth is consistently high,” said Steve Belisle, senior portfolio manager at Manulife Investment Management, which owns shares in CIBC. “And at the same time, because they kind of mismanaged the mortgage growth in the last two years, the revenue growth has also been subpar.” + +In mid-2017, CIBC’s rate of growth in its mortgage portfolio was roughly double that of its peers – rising 13 per cent year-over-year in the third quarter of 2017. But as CIBC tried to moderate its mortgage lending, it “put the brakes on too hard," Mr. Dodig said at a conference last year. CIBC’s mortgage lending tumbled and turned negative throughout much of 2019. + +“While investors didn’t like that outsized growth, they liked zero or negative growth even less,” said John Aiken, an analyst at Barclays Capital Canada Inc., in an interview. + +With questions still lingering about whether the bank will make further acquisitions to bolster its U.S. banking business, investors are looking for clearer signals about CIBC’s strategy for the coming year. For now, CIBC’s stock continues to trade at a sharp discount relative to other large Canadian banks. + +“It screams value,” Mr. Aiken said. "But then ... you kick the tires and say, okay, but why is it sticking out like a sore thumb relative to the group? And it really boils down to apathy toward the strategy and a significant lack of growth relative to the group.” + +CIBC had already faced skepticism from some investors and analysts about whether the bank has put the right senior executives in the correct roles to chart a more profitable course, even before the expected management changes. “There are doubts about that and they are legitimate to some extent," Mr. Belisle said earlier this week. "But it’s up to them to prove that the market is wrong.” + +https://www.theglobeandmail.com/business/article-cibc-plans-executive-shuffle-cut-2000-jobs-as-it-aims-to-improve/ +For anyone buying properties post Covid, property value has risen high enough such that rent hasn't yet caught up. Is the 1% rule still valid? I'm looking to buy a townhome to live in for a couple years and then rent out but it's a $320k townhome and the current rent in the area is about $1800-$2000 per month. That's no where close to the 1% rule. I'd need it to get to $2200 to just break even after adding in taxes, maintenance, 7% vacancy rate, and HOA. +ORIGINAL POST. Start here if you're new: [https://www.reddit.com/r/realestateinvesting/comments/sjmz08/how_to_confirm_vacancy_what_if_i_drill_lock_and/](https://www.reddit.com/r/realestateinvesting/comments/sjmz08/how_to_confirm_vacancy_what_if_i_drill_lock_and/) + +Oh man... you know that feeling of anxious anticipation you get when you were a kid and tomorrow was Christmas? Can't sleep, listening for the sound of reindeer hooves and Santa’s sleigh on the roof, your mind is constantly racing thinking of all the stuff you will get? I felt kind of like that, only in the complete opposite way. What if this guy was still there and now knew I was coming? Would there be a blow torch attached to the door and swinging paint cans in the kitchen to smash my face in? Am I going to die? I've lived a decent life.. But fear can never reign supreme. + +Sunday. It's show time. I treat it like any other property. Wake up in the morning and make my to-do list before I go. + +- Confirm quote appointment with hoarder cleaning service. +- Pack up all the basic tools, toilet paper, water, paper towels, trash bags, and an extra pair of pants and underwear just in case. +- Make sure my Will is up to date + +Upon Arrival + +- Burst in the door quick to catch anyone off guard. + +- If occupied -- Fight to the death and call ambulance if victorious + +- Check A/C and Water Heater + +- Make sure plumbing is working correctly + +- Clean up a space in the kitchen for all my stuff. + +- Search for valuables throughout. + + +I go during the day this time so I have some extra light. On the drive over I’m listening to a mix of pump up music and motivational movie speeches. They can take our lives, but they will never take our FREEDOM!!! Has absolutely nothing to do with my situation but I feel amped up regardless. Pull up outside the unit and hurry out of my car so my nerves don’t have any time to mess with my head. + + +Walk up the stairs, eyeing my door as I take the last flight. It doesn’t look like the door handle has been tampered with. I only need the key, no drill, so the element of surprise is on my side. As I go to insert the key, I say under my breath, “It’s go time baby.” Push open the door at lightning speed and hear a loud THUD!...... + + +What was that? Am I dead? Does the afterlife look exactly like this trashed apartment? Smells the same too, gross. + + +I don’t see any movement on the inside, no holes in my shirt or blood on my clothes. I walk down the first hallway really slowly announcing my presence again. “Hey buddy, it’s me, your friendly friend coming to check in on you”, “I’m just hear to come and talk, it’s okay”. No response. On second thought, I don’t know what I expected. Who even says friendly friend? If I were him, I would know something was up if they spoke like that. + + +When I get into the living room, I find a big stack of papers that had fallen over. Maybe I opened the door so quickly it created an air vacuum and the papers fell? That would explain the loud thud. That’s probably it, right? + + +I try to put my mind at ease by thinking that it is impossible to run through a room of papers and trash and get in a closet without making a noise, in the time that was available. There’s no way that someone could be in there. That doesn’t mean I’m not going check every inch of the place again, though. Don’t be silly. + + +With the extra light from the sun, I can more quickly scan the whole apartment. Everything is how I left it, or at least I think it is because it was a disaster then and nobody showed up to clean the place while I was gone. Bathroom still a disaster, back room still cluttered, none of the paintings or knick knacks have been moved. Let’s get this over with. + + +I go to the second bedroom and go right in, no hesitation. If this is in fact the afterlife, maybe the other side is full of a big filet mignon buffet. No buffet, just trash. Bummer. Still no person but one last place to check…… + + +I climb the mountains of papers and plastic bags and head right to the closet. All that motivational stuff has worn off and I’m tired. Tired of wondering what is behind the door and tired of being afraid. My nerves are shot, I can’t feel anymore nervousness, fear, excitement. I slide open the door and breath an enormous sigh of relief. Just boxes. I just leave the door open and feel an extreme sense of calmness. The apartment is empty. All of this for nothing… that’s a heck of a lot better than it being for something… + + +As I head out of the apartment to go to my car, there is an elderly gentleman walking up the stairs. Although the apartment is empty, every time I see somebody my body reacts as though it’s the guy coming back. Just went out for a long walk and got lost.. He looks at me with a confused face and says “new neighbor?”. I’ve gotten this a few times because it is a 55+ community and I am not 55+. Some of the residents literally have nothing else to do with their time but concern themselves with what you are doing. He tells me all about how he heard that the place was trashed and that the guy who lived there had some health problems. He thinks the state came and removed him. As sad as it sounds, I hope that’s the case. The guy is in a place where he is being taken care of and I don’t have to worry about him showing up again. You never know with some people. Maybe he skipped town hoping the foreclosure would blow over and then show back up 9 months later like nothing happened. Some people honestly believe that they can outwait their bills. + + +No time to worry about that. Now it’s time to get to work. + + +I get to my car and grab my stuff. Get outside the apartment, pull my to-do list out of my pocket and cross off the first two things: + + +~~- Burst in the door quick to catch anyone off guard.~~ + +~~- If occupied -- Fight to the death and call ambulance if victorious~~ + + +Feels good to be making progress. + + +Put on gloves, get the trash bags, and start throwing everything away. I must have thrown away an entire ER worth of gauze, spray antiseptic, those big square bandages, soaps. With the kitchen clean, I set all my stuff on the table and get to clearing the rest of my to-do list. + + +To no one’s surprise, the AC unit does not work but hopefully I just need to put new batteries in the thermostat. I go in the bathroom and flush the toilet. Water starts spraying everywhere. I reach under the toilet to turn the water off at the source but it stops spraying when the tank empties out. It’s way too much water for paper towels but thankfully I find some towels in the bedroom closet. Apparently the seal between the tank and the bowl is faulty. I am still new to RE investing and this was a first for me. Now I know that it’s actually a thing. I go to the second bathroom and flush that one to make sure I at least have one to work with. Nope, same issue. It’s a good thing the lady that lived there had 12 towels in her closet. Never know when you’re going to need them. + + +No A/C, No toilets. Maybe I will need those extra pants after all. + + +I turn the faucets on in all the bathroom to see if water comes through but I’m too worried about leaks to leave them running and check the hot water. They work, they didn’t leak everywhere the moment I turned them on, that’s good enough for me. + + +Now it’s time for the fun part. Looking for treasure. I will post pictures of the highlights. Still sorting through everything. I will put the link as an update at the bottom of this post when their ready. + + +A piece of advice to anyone who encounters this type of situation in the future. Stuff that you think is cool is not always valuable, and vice versa. It takes forever to sift through everything if you are pulling up every item on eBay to see if you hit the jackpot. It’s disheartening and incredibly time consuming to find that a 1960s mint condition original electronic calculator still in the case with manuals, is actually only worth $8. Focus on the stuff that you know will have value and go from there. Jewelry, gold, and silver is the best place to start. + + +I start out in the back bedroom closet to try and find any jewelry or cash. Find a bunch of old coins, some watches, necklaces, pins. Gaudy costume jewelry that you envision when you think of your grandma going out with her friends to holiday brunch. I have no idea how to tell real gold from fake so I just put it all in bags. Not knowing anything about currency, I do the same thing. I find dollar bills from the 1920s, 30s, and 60s, a 1881 Morgan Silver Dollar, and a bunch of 1964 Kennedy Half Dollars. 1881? That has to be worth some serious money, right? + + +Digging through all of the trash, this condo is a 1940s – 1960s time capsule. Coins, photo cameras, pair of binocular glasses (sport glasses), statues, 1960s art work, World War 2 military items, occupied Japan porcelain dolls, newspapers, magazines, old vinyl record players, stereo equipment, TVs with VHS players and stacks upon stacks of VHS tapes. Apparently the guy would print off the Turner Classic Movie schedule and record everything. I found all of the print outs of the schedule for 2 years! I even found the Clinton Inauguration tapes. The majority of bags that I go through are just bags full of more bags. I don’t have all year to do this so after a while I start looking for anything that looks different/out of place. Anything that might be an indication that this box was somehow special. + + +On a serious note, you really do learn a lot about someone’s life when you sift through all of their stuff. I found pictures of grandparents when they first came to America, baby pictures, kindergarten pictures, weddings and funeral pictures, diplomas, and found out that the son who was a hoarder was also a Certified Fraud Examiner and received a 100% on his Fraud Examiner exam. He kept IMMACULATE records of everything. I have delivery receipts of checks that were mailed to utility companies dating all the way back to 1998. Absolutely incredible. I wonder if that was part of what lead to his hoarding. He kept everything from his job, maybe it led into his personal life too. + + +In the front bedroom I find some atypical boxes full of antique toy cars, the guy’s CFE 100% award, a radio stockticker (Quotrek Dataspeed, if you’re curious), and a few odd boxes labeled H1 and H2. Instead of the white file boxes, these are brown boxes, packed up very nicely. Nicer packaging hopefully means nicer contents. Maybe H stands for “Happy I own this stuff”. Let’s give it a shot. + + +Inside the boxes are filled with FedEx shipping envelopes, which are full of manilla envelopes. Everything is very neatly organized. I open one of the manilla envelopes and it’s full of magazines. I start to pull one out and immediately realize what I have stumbled across. I don’t even have to finish the title to know that I am about uncover what, for a kid at this time, could be the find of a lifetime. + + +“PLAYB…” YOOOOOOOOOOOOOOOOOOOO!!!!!!!!!! We found the stash!!!!!! + + +H definitely stands for something a little more than Happy. For the younger readers who have grown up with the internet and don’t understand the significance, this collection would have been something that you only dreamed about. The two boxes contained 74 mint condition magazines, 5 calendars, 8 VHS tapes, and 5 newspapers. Some of the well known brands like Playboy and Penthouse but a whole bunch of other stuff. I’m not sure of the rules of this subreddit but I can post a NSFW link with pictures. The way that these items were packaged and taken care of, it was obviously a prized possession. I quickly pull it up on eBay thinking that this could be the motherload, pun intended, of the things I have found. Turns out it is the epitome of cool but not inherently valuable. + + +The day is winding to a close and I decide to load up what I can to take it to a collector shop to see what money I can get. Enough things at $5 a piece adds up and hopefully I can at least pay for the cleanup of the unit. As I walk towards the door, I feel an odd sense of connection to the place. A strangely personal relationship with the previous owners. I have learned so much about them, their family, their habits. Standing in the door frame, I turn around to look into the now darkness. + +Until next time my friendly friend… Until next time. + +TLDR: Nobody was found in the closet. Started looking for valuables throughout and found a porn collection. More updates to come. +Anyone have any expierence with products that can get rid of that decomp smell? A tenant died in his RV and No one knew for several days, until they smelt something. Thanks! +Hello,Cred Mint is a P2P lending feature so that users can now lend to one another at an interest rate of up to 9% annually. Similar to BharatPe 12% club. + +A small summary of How it works: + +1. CRED members have a credit score of 750 or higher, making them a trustworthy audience to provide financial services. On CRED, a user has to have a credit score of 750 or higher to join the app. +2. Invested amount is also diversified across 200+ borrowers to minimise the risk of defaulting and gets followed up in case defaulted. +3. Interest will be credited daily. Pretty quick investments and withdrawals with no charges. I invested and withdrew 1 Lakh, it was a good and smooth experience. + +So want to know your experience with Cred Mint, since I was thinking to invest more amount for a very short period. + +Mostly I have been seeing good points only, so wanted to know if anyone has faced some issues. +Read an article recently which said between June 2018-June 2019, 77% of Mutual fund, Insurance and FII Investments have been in Top 50 companies, 7% in 50-100 and 12% in 100-200 companies. This also explains why the Indices keep going up despite the bad economy. Basically only the stocks of top companies are going up whereas the rest are taking a huge hit at this moment. Here is my question. From an investing perspective, is it better to stick to these large companies at the moment? Or do you still see potential for mid and small caps? Another question is can a stock soar high when none of the institutions are looking at it? +P.S: In the previous two years, the numbers are 36% and 16% respectively. +The usual meaning is an investor with high networth and/or knowledge who would have more flexibility in investment regulations. + +* The approval was done on June 29 by the Board. [https://www.sebi.gov.in/media/press-releases/jun-2021/sebi-board-meeting\_50771.html](https://www.sebi.gov.in/media/press-releases/jun-2021/sebi-board-meeting_50771.html) +* It would take some time for the policies to be framed. +* From the minutes, " Accredited Investors shall have flexibility to participate in investment products with an investment amount lesser than the minimum amount mandated in the Alternative Investment Funds (AIF) Regulations and Portfolio Managers (PMS) Regulations. " This may sound counter-intuitive though +* The consultation paper for this was sent out in June and is at: [https://www.sebi.gov.in/reports-and-statistics/reports/feb-2021/consultation-paper-on-introduction-of-the-concept-of-accredited-investors\_49269.html](https://www.sebi.gov.in/reports-and-statistics/reports/feb-2021/consultation-paper-on-introduction-of-the-concept-of-accredited-investors_49269.html) +* This is what most people want to know :-) , the implementation may change this though: " + +1. Annual Income >= INR 2 Crore; OR 2. Net Worth >= INR 7.5 Crore with not less than INR 3.75 Cr of financial assets ; OR 3. Annual Income >= INR 1 Cr+ Net Worth >= INR 5 Crore ; with not less than INR 2.5 Cr of financial assets; " - Basically USD millionnaires +**TL;DR:** + +* **A financial firm can work as an underwriter, to hold a company's hand to help it issue stock on the stock market for investors to buy and sell. These firms use what's called "stabilization" techniques to ensure companies that their stock will do well. One big stabilization technique is called a "greenshoe" or overallotment option, where an extra 10-15% shares of the float are issued for high demand IPOs. (One greenshoe option that went wrong hough ViacomCBS due to the Archegos/Bill Hwang blow up).** +* **But another technique is naked shorting. Underwriters--especially lead underwriters--can make money in naked shorting for big IPOs. Big cases of it showed up not just on Facebook's IPO, but Uber's--something which even CNBC reported about.** +* **In 2000, Goldman naked shorted its own stock during an IPO and got caught in a short squeeze. It had to buy back its own stock at higher prices, since no one else was willing to help give up stock for them to cover their shorts.** +* **Greenshoe options show up in prospectuses of IPOs, naked shorting during IPOs by underwriters does not. Underwriters have an exemption to naked short during IPOs. This might be important to be aware of during both reddit & Citadel's coming IPOs.** + +&#x200B; + +For the culture: [https://www.youtube.com/watch?v=-EBSDomOt5s](https://www.youtube.com/watch?v=-EBSDomOt5s) + +https://preview.redd.it/qg5il3ay0xn81.png?width=320&format=png&auto=webp&s=5f769b81ba6e381b276eaf0b7d3d6d00b99b2678 + +**Sections** + +1. **Back in the 90s** +2. **Crimeland** +3. **Duke & Co.** +4. **Stabilising 101** +5. **Putting on Your Greenshoes** +6. **Overallot Me Daddy** +7. **Price Manipulation** +8. **The Goldman Squeeze** +9. **Naked Shorting 102** +10. **Dumb Stormtroopers?** +11. **2015** +12. **Click Like, Subscribe, or Oversubscribe** +13. **Uber & A Rose by Any Other Name (or Thanks, Leslie Picker!)** +14. **Task Failed Successfully** +15. **Hwang in There?** +16. **One Laster Thing: The Citadel and/or Reddit IPO** + +&#x200B; + +# 1. Back in the 90s + +Back in the 1990s, the United States Congress had its eyes on reforming–or, at least, rEfoRmIng–the penny stock business. The 1980s were rocked by a number of penny stock scandals including Jordan Belfort of “Wolf of Wall Street” fame. This eventually led to the passage of the Securities Enforcement Remedies and Penny Stock Reform Act of 1990. + +&#x200B; + +Now that long-ass fucking (ass-fucking?) name wrapped the SEC’s attempts to rein in what they saw as a rapidly escalating amount of crime in penny stocks, especially as the internet began to take hold of the world. + +# 2. Crimeland + +Near the late 1990s, tales abounded of how the penny stock world often intersected with organized crime in the state of New York. Members of the Bonanno, Colombo, Decavalcante, and Luchese families, as well as Eurasian syndicates, were often involved in these cases. + +Some members of the Genovese & Gambino crime families were caught dealing with the Russian mob in securities fraud. One of the biggest cases to hit the news was 2 stock promoters who were executed in their Colts Neck, New Jersey home not too far from Wall Street. + +&#x200B; + +[forum thread reposting an article on it](https://preview.redd.it/c96x2r57xwn81.png?width=1419&format=png&auto=webp&s=997395410464d2a998ed0531a77548755a183c9e) + +Then NY-District Attorney Robert Morgenthau was aware of the common overlap between organized crime and the stock market. + +&#x200B; + +In one of my very first DD posts nearly a year ago (Who owns 55 Water Street in NYC, the building where the DTCC is located? PART 2 (or "What's in your wallet, Alabama?"), I talked about how the reason that the Retirement Systems of Alabama now OWNS 55 Water Street (DTCC HQ) was because of Morgenthau & the secret ingredient : [https://www.reddit.com/r/Superstonk/comments/nz5wt0/who\_owns\_55\_water\_street\_in\_nyc\_the\_building/](https://www.reddit.com/r/Superstonk/comments/nz5wt0/who_owns_55_water_street_in_nyc_the_building/) + +&#x200B; + +>**"Olympia & York, no longer \[able\] to carry out the asbestos removal…relinquished the ownership to its bondholder-creditors. The largest one, the Retirement Systems of Alabama, bought out the other bondholders."** +> +>Asbestos? No no no dear ape. **The secret ingredient isn’t asbestos; in 1993, it really was crime.** + +&#x200B; + +[Morgenthau at bottom on my old post](https://preview.redd.it/2kvmw0dwxwn81.png?width=575&format=png&auto=webp&s=76ec23051d67d9383ca08f5530cda69400dfb4ae) + +>55 Water Street was purchased for a fraction of its worth in part due to Harry Bridgewood, an undercover NYC cop who co-owned a sporting goods store with 2 other cops and shared an orange juice delivery route. This undercover cop ended up going, well, undercover under the name Paul Vasil while wearing a wire, and “would coordinate bribes and rig bids \[there because\] +> +> +> +>**55 Water Street was…beholden to a number of criminal forces**. One of the largest criminal forces there was a garbage collection firm that had contracted there for over 20 years. That firm had major connections to the Gambino and Genovese crime families, the Italian mobs that were a big part of NYC’s crime underbelly. +> +>**There were definitely some interesting facts to this story: “Bronner recalled a tiny flower garden in the building that one man was paid $50,000 a year to water. \[And it was\] former NYC District Attorney Robert Morgenthau helped lead…these stings.** + +&#x200B; + +**Another fun fact? It was Morgenthau’s full court press on the Genovese & Gambino crime families there led him to gift 55 Water Street–often considered “the best deal RSA has ever made”--for fucking cheap. Morgenthau had DEEP Alabama ties, and helped hand off the DTCC building just years before Dr. Trimbath walked inside its halls to expose another brand of fuckery.** + +&#x200B; + +So Morgenthau had a questionable past in many aspects. But while he was giving sweet deals to RSA’s David Bronner, he also kept weaponizing that penny stock act against one firm in particular near the tail end of the 1990s: Duke & Co. + +# 3. Duke & Co. + +Back in 1999, 18 traders from a little-known firm called Duke & Co. were indicted for price manipulation. **They had manipulated 6 penny stocks that they had brought to market. If you recall, helping to pluck a new company out of obscurity and helping to bring it to market for investors–like you or me–to buy and sell is often known by a fancier name: underwriting an IPO.** + +&#x200B; + +[lolwtf](https://preview.redd.it/8azh6lf3ywn81.png?width=715&format=png&auto=webp&s=d7ef56dff9bf113fd22e327dd556707a1973fd24) + +Duke’s chairman Victor Wang was seen as the leader of a “criminal enterprise” that defrauded investors to the tune of tens of millions of dollars while underwriting these penny stock IPOs. One 61-year-old lost their entire retirement portfolio, while another lost $270K+. + +Wang remained “unrepentant” and “arrogant” in court up until he was finally brought to court on 109 counts: + + +> +The indictment charged that Duke’s brokers colluded with salesmen at other firms to inflate the IPO prices of certain companies’ stocks and keep them artificially high. +> +>Duke brokers and their favored investors, who prosecutors said numbered about two dozen, made profits by selling the stocks high while those who were not in on the price manipulation schemes lost money when prices plunged.” + +Due to cases like Duke & Co., Morgenthau & others became more aware that penny stocks could be manipulated not just during their “pump-and-dump” runtimes, but even at their very inception. (Robert Morgenthau said his office was also looking to delve into “illegal conduct at other Wall Street firms” but never elaborated at the time.) + +**To understand how firms like Duke & Co. might have been able to set up questionable IPOs that they could then manipulate quickly thereafter, we need to learn a new word in the world of IPOs: stabilisation.** + +&#x200B; + +[thank u u well learned pigeons](https://preview.redd.it/1xdrc22dywn81.png?width=650&format=png&auto=webp&s=058732ff3ed85cc6329b71110e4e8870417e7854) + +# 4. Stabilising 101 + +&#x200B; + +**When a company has its new stock come to the stock market, both the underwriter (the firm that helped hold its hand to carry it to the New York Stock Exchange bell) and the company itself want to ensure (a) they make money but also (b) the stock doesn’t fall too quickly right after its IPO.** + +**This process is often called “stabilisation”. This is just a fancy stock marketword that means you hope that your stock price does not move too crazily on its first few days of trading** (sometimes called the “aftermarket period”). + +&#x200B; + +You will often have someone who helps make sure that this is the case. More often than not, this might be the very underwriter who first helped bring the company to market is now also helping an IPO price from freefalling. In this case, the underwriter often serves as what’s called the “stabilization agent” or “stabilisation manager.” + +When it comes to these “stabilisation managers” they have a lot of tools in their toolkit. Their first line of defense might not be a necessarily worrying entry. That option is called an OAO or “greenshoes” option. + +&#x200B; + +[DRS yo shit](https://preview.redd.it/6c1glxrlywn81.png?width=500&format=png&auto=webp&s=a57d246c178e3a4a60b9178670fc7ac24b4a8f60) + +# 5. Putting on Your Greenshoes + +**The Greenshoe Option is often also called the OAO, or the Over-Allotment Option. A big way that an underwriter argues it might help make sure a company’s stock doesn’t freefall too bad in its opening days (not a good look!) is to use that OAO. Now OAO sounds like a rare early 2000s anime that some apes with pineapple fetishes might have a body pillow for (ahem, not pointing fingers in the mirror), so it’s often used by its more palatable “greenshoes” title.** + +&#x200B; + +Greenshoe options get their name from Green Shoe Manufacturing Company (now called Stride Rite) which first used this. You often greenshoe when high demand might happen for your new stock. + +&#x200B; + +**Remember, most IPOs are “underpriced”. This means that the IPO price is usually less than what they expect it soon to b**e. Think about how Roblox and, yes, even fucking Robinhood moved up very quickly and the share price shot up**. It’s “underpriced” so there’s this chance of it not having the shit look of tanking out at the gates. So if you’re an underwriter, you also wanna make sure all your shares are sold so you also set the offer price at a low enough price.** + +As an example, here’s what a greenshoe option might look like in an IPO filing with the SEC for hair company Olaplex: + +&#x200B; + +[Olaplex greenshoes clause](https://preview.redd.it/551xxf77wwn81.png?width=1285&format=png&auto=webp&s=a5747d1fe3638e6397ff7ae35c1cc4914b53379a) + +**In a greenshoes option like the one seen above, the underwriter is allowed to “overallot”, or add extra shares OVER the normal threshold for an IPO. If you promised to send 100 shares to the stock market for an IPO for investors to buy and sell, an overallotment might be sending over 110 shares instead, for example.** + +# 6. Overallot Me Daddy + +&#x200B; + +**Remember, greenshoes or overallotment is used when there is a potential for high demand and the underwriter wants to make sure its “under-priced” shares all sell. Usually, this is done by being able to “issue” or give itself an extra 10-15% of shares of the total, usually up to 30 days after the IPO. These are shares that the underwriter can offer at the original IPO offering price**. + +Let’s say I wanna sell stock in my new company PEEN. Morgan Stanley prices each stock at $10. They normally flood 100 shares into the market. (So this is worth $1000 total). + +&#x200B; + +But if everyone wants my PEEN, then maybe Morgan wants to make an extra bit of cash. They can overallot and sell 10-15% of the total issued shares (110/115 shares v. 100 shares). + +Let’s say my PEEN is worth $20 (what can I say, Benjamin Franklin wee wee right here). With this move, Morgan has a few extra shares (10-15) it can buy from the company at $10 (the original offering price), sell at $20 and pocket the difference (20-10=$10) by exercising the “greenshoe option”. + +&#x200B; + +&#x200B; + +[I debated showing Peppa Peen, but decided against it and to show this instead](https://preview.redd.it/z5yj7mqrywn81.png?width=713&format=png&auto=webp&s=a3d0957996fc7410982e664121dc7745ef2aa502) + +What happens if the price drops? If my PEEN is worth $5, then they buy the 10-15 shares on the open market instead (vs. from the exercised “greenshoe option”) to stabilise the price. But you may do so at a loss. **(If you’re also extra curious, the greenshoe move is an underwriter option known as a “greenshoe dummy” or “greenshoe dummy volume” (Dummy equal to 1 in case the underwriter allocates more shares than made available by the issuer (Fraction of greenshoe of offer volume actually exercise”).** + +&#x200B; + +Of course, other issues can come up. If your IPO price drops, you may not want to buy back in the open market, and instead reach out to the secondary market (institutional investors, shareholders, etc.) to be like “Hey buddy! Can you give me that PEEN back on the cheap?” +And, of course, they can say fuck you and you need to buy back those shares in the open market at a loss. + +# 7. Price Manipulation + +**If you’re wondering whether it seems kinda fucked up that an underwriter can just magically poof an extra 10-15% of shares into IPO existence, you’re not the only one: overallotment and greenshoes options have often been derided for basically being sketchy. The Journal of European Management put it more bluntly:** + +&#x200B; + +>**Stabilisation is price manipulation, but regulators allow it within strict limits – notably that stabilisation may not occur above the offer price. For legislators and market authorities, a false market is a price worth paying for an orderly market.** + +Wow. Great. + +That same research paper offers up this fun fact: that underwriters who “stabilise” do help IPO prices from free-falling. BUT the incentives sometimes overwhelm the desire for an oRdeRlY mArKet (isn’t that the reason for a greenshoes) **This includes “favouring certain aftermarket sellers and enhancing their own reputation & profits.”** + +&#x200B; + +[oh shit, also happy st pattys day everyone and a deep fucking cheers to you all \(and ofc DFV!!!!\)](https://preview.redd.it/2pv3la2zywn81.png?width=700&format=png&auto=webp&s=56a069336aa12b94367d5655dbfcb3f01d7a1b55) + +This is a huge issue. **Recently, if you track how lead underwriters have done relative to their friends in IPOs, many of them make A SHIT TON MORE MONEY in recent years, and some of that is owed to their stabilisation techniques like greenshoes.** + + +This is stabilisation in action. But as with anything in the stock market, things can be taken to the Mountain Dew Extreme. And at the turn-of-the-century just months after Victor Wang got indicted, we saw just extreme overallotment and stabilisation could get. In a way familiar to us all. + +# 8. The Goldman Squeeze + +Back in the early 2000s, Goldman Sachs bought out Spear Leeds. Leeds was caught in its IPO issue just like Victor Wang with Duke & Co. But Goldman’s new acquisition had a secret ingredient that GME holders are accustomed to, soon after it was caught breaking the law: + + +>If shares were sold from the initial public offering account during a period of up to 90 days, the underwriter would be told the identity of the seller. +> +>To evade the rule, NASD said, Spear Leeds permitted its customers to sell shares without notifying the underwriter. When they sold, it would borrow shares to permit the customer to sell them short from the account that did not need to be reported. If it could not borrow shares, it would simply fail to deliver the shares, a practice known as naked shorting. + +Just like Duke & Co., Goldman’s new acquisition had an issue with fucking around with IPOs. Goldman pinky sweared to regulators that it would never do such a thing, especially including fucking around with IPOs that were coming under pressure from stabilising techniques such as greenshoes options. And Goldman’s word is its bond. + +Just kidding. They made sure to fuck around with an IPO. In fact, it was their own. + +&#x200B; + +[you can see the squeeze into September 2000](https://preview.redd.it/2zlv7le7zwn81.png?width=224&format=png&auto=webp&s=662b9912ff55b3c1d32f2ea7922cf901926bac8d) + +**The very next year after Wang’s trial, in August 2000, Goldman Sachs was issuing secondary stock on the stock market in what would have been a $4 billion dollar deal. During this IPO, Goldman suffered what textbooks have called “a high profile miscalculation”. It incurred losses of $30 million in 1 month. After losing a shit ton of money, it held its hand out to rival firms used to underwrite the deal that helped bring it to market.** + +https://preview.redd.it/jkq2z4gezwn81.png?width=300&format=png&auto=webp&s=075e4258078f28a8a06cd81f888292eb44e64d39 + + +Why did it miscalculate? Well, because they didn’t just overallot hoping for a huge demand, they fucking naked shorted their own stock at the IPO. Goldman made a giant naked short position in what was called its sTaBiliZaTiOn pOoL. **The price then shot up from $100 to $132 because the stock became so popular, and Goldman ultimately had to buy back at higher and higher prices that it had hoped for when it opened naked shorts on its own stock.** + +&#x200B; + +Remember, as with greenshoes option, buying in the open market would push the stock up way too fast and get expensive. So with an attempt to time demand for its stock, it ignited a very expensive mistake in the form of a very expensive short squeeze on its own stock. + +Ironically, just a few short years later, Goldman was fined $2 million in March 2007 for “allowing customers to illegally sell shares short prior to secondary public offerings. Naked short-selling was allegedly used by the Goldman clients. The SEC charged Goldman with failing to ensure those clients had ownership of the shares.” + +&#x200B; + +Now you might say “Great story OP! Fuck Goldman! … + +….But wait, I think you passed over something way too fucking quick… + +**YOU CAN EFFECTIVELY NAKED SHORT STOCK THEN PRE-IPO! WTF?!** + +# 9. Naked Shorting 102 + +You can. **As part of stabilisation techniques, underwriters can naked short. In the same way that market makers have a naked short exemption for liquidity, so do underwriters under the guise of liquidity and stabilisation in IPOs:** + +&#x200B; + +>**Unlike every other market participant, underwriters in IPOs are permitted to engage in naked short selling, so they do not have to borrow a security and pay the associated interest. Regulations that are otherwise costly to other market participants expressly exempt underwriters.** + +&#x200B; + +So why would you go naked in the first place? **One reason might be that it usually happens when you get cockblocked from adding a “Greenshoe” (or OAO) option to your stock offering (this should show up in the prospectus) or wanting even more than that (greedy?):** + + +>Normally, when share demand for an IPO turns out to be high, underwriters want to borrow shares to meet this extra demand. The underwriter can borrow these shares from two different parties; primary shares can be borrowed from the issuer, whereas secondary shares can be borrowed from former shareholders**. If no OAO is granted, the underwriter needs to take a ‘naked’ short position to meet this extra demand.** +> +> +> +>Aftermarket price support can also be executed when taking a ‘naked’ short position, but in this case the underwriter will incur a large loss when the share price rises. Aftermarket price support of an IPO stabilizes and increases the share price when share price would otherwise have fallen below offer price. The support is executed when the underwriter closes his short position by buying shares in the secondary market, thereby decreasing share supply permanently... + +&#x200B; + +Remember, exercising the greenshoe means you get to buy the 10-15% extra shares at the original offer price from the company (meaning if $CUM stock opened at $69/share, but shot up to $420/share, you get to buy it at $69 when you exercise the greenshoe option). + +&#x200B; + +&#x200B; + +**But if you got cockblocked from greenshoe or opted not to exercise it, you’re left holding out your hand (like Goldman did to the other underwriters on the deal) hoping they’ll spare pity and give back shares on the cheap.** + +# 10. Dumb Stormtroopers? + +It all sounds insane. Why would you purposely naked short an underpriced stock if you, in effect, KNOW it will shoot up faster than my eew eew llams after seeing an RC tweet?! Especially when most prices rise after an IPO, meaning a more expensive “close” on those naked shorts? + +&#x200B; + +**One counterargument–who knows if this was what Goldman was going for–goes like this: let’s say an underwriter knows someone that will hold onto the stock and–once they “cover” that naked short, it’ll be a net positive since it thrusts the price back up after a post-IPO drop.** + +&#x200B; + +**If Goldman makes a deal with Jamie Dimon’s fucknut JP Morgan Chase that “Hey! We’re selling our $ANUS this week, can you hold onto it for a year?” And Dimon & Co. says he’d love to hold on to Goldman’s $ANUS that long, then it makes it easier for Goldman to play when they cover their short**. + +&#x200B; + +https://preview.redd.it/3gjabk2jwwn81.png?width=881&format=png&auto=webp&s=05077512806e2863b11bad682a3f0e149a8d7dbb + +**Going back to our idea of underwriting, we saw how one study found that because of the way commissions are split between the companies that help bring them to an IPO, the lead underwriter often makes off like a bandit in these cases. Recall, just like market makers having an exemption to naked short because of LiQuIdItY, underwriters have the ability to naked short because of sTaBiliSaTiOn.** + +&#x200B; + +# 11. 2015 + +&#x200B; + +T**he SEC greenlit this “IPO naked shorting” process more fully back in 2015 under then SEC-Chair Jay Clayon**. Clayton, who’s now known for dickriding Apollo Global Management (that among other secret ingredient things (1) tried to buy GME in 2019, while it (2) shorted malls in 2017, and (3) is in bed with Russian oligarchs). Clayton wanted to push for more IPOs in the market at the time, rather than private ownership by private equity or company owners. + +&#x200B; + +Remember, it’s almost like someone bought a shit ton of puts on IPOs: the number of publically-traded companies has gone straight down since its 1996 peak. **Usually, underwriting was high-risk, high-reward. But once the SEC opened up the floodgates, this meant the casino–meaning the big banks–basically almost always won:** + +https://preview.redd.it/a5pzn5ocwwn81.png?width=937&format=png&auto=webp&s=34f62dd3f4149b159db38c5fac953c9e3f20b800 + +&#x200B; + +>“**Thanks to the SEC’s explicit statement allowing naked shorting during IPOs, banks now have a chance to win regardless of outcome. When the IPO goes well, banks pocket big underwriting fees without trading losses. When it doesn’t go well, banks can still pocket big profits--but the profits come from the trading side, because naked shorting allows banks to profit from the declining stock price…** +> +> +> +>**In the tug-of-war, banks used to draw the line more toward the side of investors because the banks could lose big money if they caved to pressure from issuers and priced the IPO too high. But today, banks now have an SEC-authorized tool to manage their downside risk.”** + +&#x200B; + +Thanks SEC and thanks Apollo dickrider Jay Clayton! + +# 12. Click Like, Subscribe, or Oversubscribe + +If not for Clayton’s dipsit ways, then we might have relegated stories like that of Goldman naked shorting IPOs to the dustbin of history. **But this kept technique kept happening, like Facebook in 2012:** + +&#x200B; + +>“...when Facebook held its IPO in 2012, its shares were in high demand due to the company’s popularity and future potential. Oversubscription of the company’s shares allowed it to raise additional capital through overallotment to meet the demand…When Facebook held its IPO in 2012, it sold 421 million Facebook shares at $38 to the underwriters, which included a group of investment banks who were tasked with ensuring that the stocks get sold and the capital raised sent to the company. Morgan Stanley was the lead underwriter. +> +> +> +> +> +>When Facebook stock started trading, the initial price was $42.05, an increase of 11% above the IPO price. The stock soon became volatile, and the stock price fell to $38. +> +> +> +>In total, the underwriters sold 484 million Facebook shares at $38 (notice over. This means that the underwriters exercised an allotment option by selling an additional 63 million shares. Press statements indicated that the underwriters stepped in and purchased additional shares as a way of stabilizing the prices. The underwriters had the opportunity of buying back the additional 63 million shares at $38 per share to compensate for any loss incurred in stabilizing the prices.” + +&#x200B; + +[from \\"Facebook IPO: how the company overcame the disaster\\"](https://preview.redd.it/rkit3ypr0xn81.png?width=3546&format=png&auto=webp&s=9198dd4c752d78fb91b35f396c9650b65023b17e) + +Morgan and others were called out for potentially pushing that overallotment into even naked short territory: + +&#x200B; + +>“Right now, reports Lynn Cowan of the Wall Street Journal, while Facebook investors digest the fact that the stock has now dropped to $19 from an IPO price of $38, Facebook's bankers are divvying up another $100 million they made on the Facebook stock, this time in a much less visible fashion. +> +>**How did the bankers make this second bonanza?** +> +> +> +>**By shorting Facebook's stock.** +> +>**By, in other words, selling Facebook stock they didn't own and then cashing in when the price dropped** + +&#x200B; + +&#x200B; + +>Wall Street didn't call this "shorting" the stock, of course. Because "shorting" is widely understood to be a bet that a stock will drop. And obviously bankers don't want to be seen as "betting against the clients" they just sold IPO stock to. +> +> +> +>**Instead, the big short position that Facebook's lead banker, Morgan Stanley, took in Facebook's stock at the IPO price is described as engaging in "price stabilization"...** +> +> +> +>With Facebook, we all remember, the underwriters "supported" the stock for the first day, helping it close just above the IPO price. **Then the underwriters gave up on supporting it. And the stock has traded pretty much straight down from there.** + +&#x200B; + +Now I’m not a fan of the Zucc, but am even less of a fan of banks like Morgan and friends being able to pull naked shorting fuckery literally out the womb for any given stock. +And it wasn’t just Facebook. + +# 13. Uber & A Rose by Any Other Name (or Thanks, Leslie Picker!) + +Uber was yet another example! Morgan Stanley was ALSO the fucking underwriter.It opened at $45 a share and was naked shorted as part of its IPO. But the naked shorts weren’t enough sTaBiliSaTiOn for Morgan’s strategy: it fell by 10% by the next day**.** + +**Based on its size and market cap, the steep drop-off was SO BAD it was actually the biggest 1st day drop in terms of dollar loss for an American IPO EVER.** + +&#x200B; + +One of the things that Melissa Lee & the other CNBC jOuRnAliSts said was naked shorts didn’t exist, and barely offered to utter the fucking words for ages. But even here, with this Uber story, you can call this all out as bullshit that they knew in another way that naked shorts existed. + +And remember, how do I know that the fuckfaces at CNBC are lying about not knowing what naked shorts or having never heard of them**. IT’S BECAUSE THEY GODDAMN REPORTED ON THIS UBER NAKED SHORT IPO THEMSELVES:** + +&#x200B; + +![img](ujr1396pwwn81 "thanks Leslie Picker! +") + +&#x200B; + +>“Uber underwriters worried about the IPO deployed unusual ‘naked short’ tactic to support the stock” +> +> +> +>But in rare cases, bankers will use a strategy called a “naked short,” which allows underwriters to sell shares in excess of that greenshoe portion and then buy them back in the open market to provide even more firepower in the event there is significant selling pressure. + +**CNBC’s Leslie Picker wrote about how this “rare case” (ah yes, an unusual and rare unicorn that NEVER shows up in our free and fair markets!) was used with Uber**. My favorite part? + +&#x200B; + +>**“The technique shares the same name as a practice that was outlawed during the financial crisis of 2008, but it is legal, and Uber’s prospectus warned it was a possibility”.** + +&#x200B; + +So a technique deemed “legal” while hordes of researchers dub stabilisation techniques like that as outright price manipulation for the sake of liquidity, all while trying to judo yourself out of it being a cOmPleTeLy dIfFeReNt ThInG that just HAPPENS to share the same name as something outlawed. + +&#x200B; + +>“The naked short technique shares the same name as a practice that was outlawed during the financial crisis of 2008, as defined by shorting stock that does not actually exist. Typically, when a trader seeks to put on a short position, he or she must ensure that the stock physically can be borrowed before placing a negative bet on it. Before the crisis, investors were shorting shares in excess of the available float, which added undue pressure on certain companies’ stock prices. +> +>However, naked short selling as part of a syndicate in an IPO is still legal, according to Securities and Exchange Commission rules, and was disclosed in Uber’s prospectus as a possibility.” + +&#x200B; + +Don’t worry! This just sHaReS tHe SaMe nAmE! + +[why are you surprised to utter something that your coworker reported on just a few years back?](https://preview.redd.it/k8y5v3b31xn81.png?width=640&format=png&auto=webp&s=b451eadc3d4fb4d6e49bb1eef820f0d5008e2c4c) + +**And whether it’s outright lying or lying by omission, I find it hilarious if not fucking infuriating that CNBC has never wanted to discuss this problem.** Picker’s piece even included this wtf-fuckery of bankers “consoling” over this shit: + +&#x200B; + +>“Some of the bankers tried to console market participants prior to the opening of trading by telling them that there would be additional support from the naked short, said one of the people, who asked not to be named discussing private conversations. The exact size of the naked short could not be learned, but it is expected to have been “fairly small,” two of the other people said.” + +&#x200B; + +They added that it’s usually reserved for larger deals since banks would need the extra liquidity to be able to deal with the risk. (**Also, ahem we don’t know how much Morgan made off naked shorting Uber at the IPO as they and the car company both declined to comment)**. + +# 14. Task Failed Successfully + +Uber’s overallottment was seen as an utter failure by Morgan & Co. among researchers who looked into it: + +> +“Overallotments at $45 per share, therefore, gave the underwriters between $1.2 and $2.8 billion to make stabilizing purchases…**Uber’s underwriters did not attempt to defend the initial offering price of the IPO—or else they failed to do so, miserably.”** + +&#x200B; + +**Forbes’ Caitlin Long pointed out that an obscure law (Uniform Commercial Code Article 8 Section 8-504 also allowed this type of naked shorting:** + +&#x200B; + +[seriously Caitlin Long is the shit, def suggest checking out her research!](https://preview.redd.it/atejigln0xn81.png?width=800&format=png&auto=webp&s=4223e09d94f996ab55307753b5c3cd0065fe7683) + +&#x200B; + +>**“Section 8-504 attempts to mitigate the dangers of “overissue” of securities by requiring securities firms to hold a sufficient quantity of securities to satisfy all customer claims--but buried in SEC rules are myriad loopholes that enable securities firms to “overissue” securities (such as naked shorting of IPOs,** operational shorting by ETF market-makers, rehypothecation, failures-to-deliver, the Customer Protection Rule enabling debits not always to equal credits, and other examples). + +&#x200B; + +**And she should know how Morgan fucked up. (Seriously, Caitlin Long seems to be a fuckin’ badass). This is because she worked at its pension solutions business (“I saw inaccuracies in Wall Street’s ledger systems while running \[this at\] Morgan Stanley”)** and eventually moved into blockchain laws for the state of Wyoming (she’s a gubernatorial appointee (non-voting) to the Wyoming Blockchain Select Committee). + +&#x200B; + +If you’re wondering what she argued then was one way to get around this fuckery, then you’re guess is as good as gold. + +&#x200B; + +>“**Answer: Naked shorting is impossible to do when securities are issued natively on a blockchain.** Had Uber’s shares been issued on a blockchain rather than through legacy systems, banks simply would not have been able to issue more UBER shares than the quantity of shares outstanding. The price-suppressive impact of the naked shorting--however large or small it was in the Uber case--simply could not have happened. And, had the banks had no way to protect their downside risk by naked shorting, one can only guess how much lower Uber's IPO price might have been… +> +>The fact that naked shorting of stocks is legal at all is a vestige of history--of outdated US laws, which themselves simply codified a market structure for US equity markets that has also become outdated.” + +&#x200B; + +**She puts her worries more strongly: “US markets seem to have a value system in place, where liquidity matters more than solvency…”** + +# 15. Hwang in There? + +One last thing, remember when ViacomCBS cratered and Credit Suisse got fucked, nearly a year ago to the day? + +Well, ViacomCBS had a greenshoes option there that got fucked as well: + + +>“ViacomCBS’s stock closed on March 23 at $91.25; the offering priced at $85. The stock hasn’t traded above $85 since; the day after the offering, it closed at $70.10; it closed yesterday at $43.89. If the underwriters bought in their 3-million-share greenshoe at the volume-weighted average price on Wednesday, March 24, the day after the deal, they made about $9 per share, or about $27 million.” + +&#x200B; + +Viacom was hoping to raise $3 billion total, but only ended up with $2.7 billion (poor babies). Hm, I wonder why there was a gap? Here’s a hint! It’s our dear loss porn guru Bill Hwang: + +&#x200B; + +> +“The \[IPO\] timing here is awkward. The deal launched on Monday…On Tuesday, a downsized $2.7 billion total deal priced. The $300 million difference was because Archegos Capital Management, a big ViacomCBS investor that had been expected to be an anchor order in the deal, didn’t buy any stock, apparently because it had run out of money on all of its levered stock bets. (As we discussed above.)” +> +> +> +>“On Wednesday, the stock fell further as “investors who had received larger-than-expected stakes in the new share offering and had seen it fall short, were selling the stock, driving its price down even further.” On Thursday, Archegos’s banks were discussing what to do about it, and Morgan Stanley — one of those banks, but also the bank that led ViacomCBS’s offering — shopped around some Archegos positions to hedge funds. By Friday, Morgan Stanley and Goldman Sachs were blowing out a lot of Archegos positions, including ViacomCBS, as prices fell further. Also on Friday, the ViacomCBS offering closed, and the banks delivered ViacomCBS shares to investors in exchange for their $85. The stock closed that day at $48.23. + +&#x200B; + +[underrated find\/post by u\/fioreman](https://preview.redd.it/muqn5gyh0xn81.png?width=863&format=png&auto=webp&s=85d061f0edf973436286c2c018e24afea72a1683) + +&#x200B; + +>**The fact that Morgan Stanley was selling Archegos’s ViacomCBS stake at almost the same time it was buying back the greenshoe does not look great.Its job as underwriter was to stabilize the stock; its job as a financier of Archegos’s defaulted position was pretty much to sell it as quickly as possible. One side of Morgan Stanley was stabilizing the stock, the other side was destabilizing it.** +> +> +> +> In a week when Morgan Stanley was urgently selling millions of shares of Viacom stock to avoid a disaster on its Archegos financing, it also had a free option to buy a lot of ViacomCBS stock because of the offering it led. +> +>I don’t want to overstate this .Still. +> +> +> +>If you bought shares in the ViacomCBS offering at $85, you might be miffed that the stock fell by 50% right after the deal due to some risky financing that Morgan Stanley had been doing behind the scenes. You might also be miffed that Morgan Stanley profited from that drop, in its role as underwriter of the offering, even if it risked losing a lot more money from that risky financing.” + +&#x200B; + +From my research so far, I haven’t been able to find if there was a naked shorting option that went wrong there as well, and perhaps it’s ironic that Morgan has been the lead underwriter in all of these fucking cases. + +# 16. One Laster Thing: The Citadel & Reddit IPO + +**If you apes recall, our very own Mayonnaise connoisseur was hoping to IPO soon. Now knowing how stabilisation, greenshoes, and naked shorting might play into a new stock’s IPO, we should be wary of its prospectus terms with the SEC once Ken Griffin, financial terrorist extraordinaire decides to move forward.** + +IF Citadel chooses to do any sTaBiLiZaTiOn, this would be disclosed in the prospectus of its stock. + +&#x200B; + +[credit to u\/super\_share\_8721!](https://preview.redd.it/1gcuvchxzwn81.png?width=849&format=png&auto=webp&s=b888eb20f08f565bee6949c8a9836586bb3f2040) + +Stabilisation is governed by Rule 10b-37 of the 1934 Act. Even though 2008 was meant to knock it out (“However, in 2008, the SEC eliminated the practice of what it termed “abusive naked short selling” during IPO operations… The practice created a strong perception that the shares of a particular company were moving very actively, whereas, in fact, only a small number of market players were manipulating the price changes”), we know now that isn’t the case as per Facebook & Uber at the very least. + +Remember even though naked shorting was made “illegal” during the 2008 crisis, underwriters were allowed to since–per Apollo Global’s Yahoo Fudnance, I mean Yahoo Finance!’s Brian Cheung: + + +>”The logic is that the underwriters, who created the new shares to begin with, should have no issue failing to deliver since they plan on quickly re-buying the shares in order to prop the stock back up anyway”**.** +> +> +> +> **This “infrequently deployed” tactic is meant to be, well…infrequent. Supposedly…** + +&#x200B; + +https://preview.redd.it/yqx6jdt50xn81.png?width=1113&format=png&auto=webp&s=c70aa7b2eaf2b78400b4d4de2159ee550405a44a + +**But remember dear apes, unlike overallotment via greenshoes which is PUBLICALLY DISCLOSED, naked shorts during an underwriter’s IPO are NOT. And–at least from a 2007 paper–most naked shorts for an IPO involve MORE shares than allowed via greenshoe. This means that if my PEEN stock can have +15% extra stocks, on average most naked shorts in IPOs could be wellllll north of that number.** + +So how might this relate to the Citadel IPO? Remember Uber? + + +>“Uber warned this could happen in its prospectus: “A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of the common stock in the open market after pricing that could adversely affect investors who purchase in this offering.” + +One possibility that I could may see in my smooth as baby dolphin ass brain is that these steps happen: + +1. **Citadel files its IPO with the SEC in a public filing for its shares** +2. **It has a “greenshoe” clause/set of columns thrown in there (just like Olaplex did) saying that there can be an overallotment of shares (15%)** +3. **In reality, its underwriter (lets say Morgan) naked shorts the fuck out of it well over the 15% greenshoe option. This might also keep Citadel off the hook for naked shorting its own stock as a market maker maybe to take some heat off** +4. **Apes or other ppl start buying a shit ton of puts on the stock. Hell, some traders might even opt to naked short Citadel thinking they’re gonna go tits up soon because of MOASS or even the entire global market going to shit** +5. **Citadel could use its market maker privileges to let its own stock price fall** +6. **Eventually, before the 30 days are up, the underwriter might buy up all the shares up on the cheap, perhaps even igniting a “short squeeze” on Citadel. That primary underwriter makes out like a bandit and so does Citadel** +7. **Citadel might be able to pivot this short squeeze now and point fingers at apes/retail traders saying we’re the ones responsible for short squeeze fuckery as a result** + +**With the Reddit IPO coming up as well, it also means that techniques like this could be used against us apes.** + +It means vigilance–yes, even on the fucking market-maker we hate–and making ever sure they never sneak shit by us, even if it is in the fine print of a very boring prospectus sheet. And in the same way that retirement accounts were lost during IPOs by Duke & Co. investors nearly 20+ years ago, we don’t want to see that happen again. Because some things never change. + +But criminals and financial terrorists often don’t. +Hi Regards, + +I am just going to dive right into this one. + +For those who haven't done any reading on Archegos' use of bullet swaps, here's a little bit more info. With a regular swap, the value of the position or basket of positions is updated regularly. This value fluctuates constantly, as the value of the position/s in the bin fluctuates in the market. If the value of the position decreases too much, a margin call may be made, whereby the party who has taken out the swap must further fund their account in order to meet the margin call. This is standard operating procedure. Think about it like this: If you short a stock, you can constantly see the fluctuating value in your trading account. If the value of this position drops significantly, you may be required to post margin. This is very similar to how a traditional swap works. + +With bullet swaps, we go fully regarded. A bullet swap's value is NOT updated as time goes on. It remains at the book value posted from initial purchase. This means that the underlying positions do not have to be reviewed, and do not have to be margin called. It is no wonder this was an attractive type of swap for a firm like Archegos. In the case of a two year swap, Archegos would have up to 2 years to make the money back for the principal payment plus interest. For the high-risk trades they were making, it's probably safe to assume there could be a lot of volatility, and they would not have had to deal with margin calls along the way. After all the firm was once a darling; making SIGNIFICANT returns year over year. + +Here is why a bullet swap is completely illogical and poses a risk to the market. The underlying value of the position not being tracked means that nearly anything could happen in that multi-year period where the swap is held. Them not having to meet margin requirements creates significant risk, and there should be doubt as to whether or not any firm would be able to meet their obligations at the end of the swap agreement. Here's where it gets WORSE. You would think for a high-risk asset like a bullet swap, the premium payments might be absurdly high and/or frequent to offset the risk. You'd be wrong. + +For a bullet swap, there is typically NO initial payment upfront. There is NO monthly premium payment. The premium is paid back, plus interest, at the END of the swap agreement. Read that again. At the END. You know, the END, where there should be doubt as to whether or not the firm who's taken out the swap will even have any of the money left? Because remember, with bullet swaps, the value of the positions is not regularly tracked. + +[https://fincyclopedia.net/derivatives/b/bullet-swap](https://fincyclopedia.net/derivatives/b/bullet-swap) + +Now, it's supposedly possible for the firm on the other end of the swap (Let's call them Firm B, the counterparty, who has agreed to make the swap with Firm A, or Archegos, in this case). Firm B could take out an insurance policy or use a variety of calls or puts to hedge against the position that Firm A has taken... but this comes at a cost to them. It's possible they could pass some of this cost along, and factor it into the interest payment... but there's significant doubt as to whether they'll receive that interest payment. Why would Firm B agree to this swap? Sure, they COULD receive an interest payment... but they could also receive an interest payment from holding Bonds, or receive dividends from stock they buy into... why take on such a high-risk position? + +This last portion is speculation, but here's my thesis. I arrived at this by asking myself "Why would Firm B agree to this swap position, when they know it exposes them to significant counterparty risk?" + +The most logical answer I can think of is that they WANT to be exposed to the counterparty risk. Remember, large financial institutions have certain requirements they have to meet. They are supposed to keep a somewhat balanced portfolio. They are not supposed to gamble all on one play. They have rules and regulations to follow. But sometimes, executives might perhaps want MORE of a trade, beyond what they're allowed to have. And swaps create the near-perfect instrument allowing them to do that. Bullet swaps just make it easier. + +Picture it like this: You are Firm B. You believe so strongly in one of your short positions, that you throw everything you can at it. Let's call this short position GameStop. You and all your major banker friends have decided to short the shit out of it, and drive it into the ground. However, you're only allowed to take on so much risk.... + +But you have more money. More money you need to spend. More money you want to allocate to positions, especially this position! But it's a high-risk trade. So what could you do? Well, perhaps you could agree to a swap position with a smaller firm, and gain a small interest payment. Interest payments are typically tiny, miniscule, and look safe to regulators. But the asset class is volatile, it's a short position. So a regular swap could blow up in your trading partner, Firm A's face. Not only is that bad for them, it's also bad for you. Forcing them out of their position could end up with them having to close their short position, which would send the price up... which is also bad for you, because remember, you also have a large short position in GameStop. So you come up with a solution. Eureka! A bullet swap! This will allow them to not be margin called, and you can demand a slightly higher interest payment on your money. + +And of course, it goes without saying... the more tiny firms like Archegos that climb into bed with you, the better. They're on your team after all. The more new short positions that get opened up, the more the price of GameStop and other swapped positions declines. Which makes you more money on your own short position. And of course, as Firm B, you're not the only one doing this. You tell your friends at Firm C, D, E, and F about how easy it is, and how they can make more money, hand over fist, while helping you to push the price down... and remember, all the while making money off of "safe" interest payments. + +Buy. HODL. DRS. Less than 2 years remain. +Hello CryptoMoonshots! Let’s talk about Fox Finance $FOX 🦊🦊🦊! + +**What is it?** + +FOX is an auto-staking token on the Binance Smart Chain, which grants rewards for its holders. 6% of each transaction goes to liquidity, and another 6% goes to each holder by stake (including the burn wallet). Yes, that means you earn FOX just for holding FOX! 💰 + +We’ve had a really amazing week with a lot of twists and turns, but we’ve come out SUPER STRONG and are tearing up the charts (something like this 📈) right now. Why? + +Because our community is absolutely amazing. We’ve hosted multiple FOXES IN ACTION contests on Twitter, awarding prizes for people who perform actions like planting a tree or using metal straws. We have several community members who donated to World Wildlife Fund for fox sponsorship donations. And we just teased a beta of our upcoming NFTs, which will start with HODL badges, and other memorabilia and a NFT web beta coming out in two weeks. Also, tomorrow April 5th will be an AMA on our Discord where the owner will reveal, legal formation this week! + +I’ve been in crypto since 2012, and this is honestly the best crypto community I’ve ever encountered. As for myself, I’m a volunteer HODLer that bought in on day two and decided to start helping develop their NFT platform and other tech roadmap items. I’m in it for the community and the promise of the crew. + +**SAFU?** + +Liquidity is locked: https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55 + +This is no pump and dump. The owner did not take advantage of the ATH, and the admins are all HODLing with everyone else. We really want to see this coin grow and to fund our tech roadmap to make this a real project for change. + +**ROADMAP PLANS** 📈 + +Here’s what’s on the horizon: + +**NFTs** - We have two different types of NFTs planned at this time. One is a standard, mass-minted NFT that we hope to use for HODLers, airdrops, etc. These will likely include fun things like FOX graphics, GIFs, etc. The other type of NFT we want to push are more unique, and include things like 3D printable FOX content, and more collectible style FOX merch. I'm really excited about this one! Our NFT contract is deployed on Mainnet with a beta of our viewer/trading site expected in 2 weeks, and our first prerelease NFT is being awarded to someone in our Twitter community today! + +**Charity Matching and Escrow** - This is important to us. It’s how we plan to get money to the organizations that need it for our mission. We’re working on escrow contracts and other possibilities for collecting FOX donations, possibly matched by liquidity from NFT sales. These donations are to be donated to charitable wildlife organizations, possibly through The Giving Block, a crypto donation provider. + +**Admin Dashboard** - Right now things like Airdrops and prize disbursements aren't easy. It's mostly done manually with wallet to wallet transfers or interactions through the contract done by someone with credentials. The goal here is for us to have a dApp that combines contracts and web3 code to make it easy to do mass airdrops, awards, NFTs, etc. + +Maketcap is about 3.5M and rising right now! + +**Website:** https://foxfinance.io/ + +**Telegram:** https://t.me/foxfinancebsc + +**Twitter:** https://twitter.com/foxfinancebsc + +**bscscan:** https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances + +**How to Buy:** https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb + +**Chart:** https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb + +DYOR research as always, come join TG or the AMA tomorrow for any questions! +When I joined ING, I loved it. Great customer service. + +For a bank without branches, it is particularly important that they give amazing and prompt service on the phone. However it appears they've gutted their customer facing staff. + +If you call, people are waiting for hours to speak to someone. This is unacceptable. +Reviews on their facebook page and productreview are scathing. +I just lodged a disputed transaction, and they said that would start investigating in 33 business days! WTH? + +As far as I'm concerned, this isn't a baseline functioning bank. + +Is something going on? Is it on the verge of bankruptcy or being shut down? +Did they just launch with resources, take on lots of customers, then just shut down the resources and milking them? +I may get a truck load of downvotes for this, but I really think this is important to acknowledge. + +The sheer amount of terrible advice and lack of knowledge in this sub is astounding. Sure, a lot of you are very knowledgeable and make great contributions, but for every one of those people it seems there’s 3 that have no idea, and unfortunately those 3 usually shout the loudest. It’s dangerous for people new to investing that are reading these threads. + +I am no expert, I don’t claim to be an expert, and freely admit that there is a lot that I don’t know. Yet, I can confidently say that a lot of people in here either don’t know or understand basic finance/ economics, or (perhaps worse), *do* know better but completely ignore their knowledge. + +Now, I’m not tell you to think either which way. I am a staunch advocate for people making decisions based on logic, facts, and REALITY. I’m not fussed what your opinion is, as long as it’s based on reality. + +So please, if you’re a newcomer jumping in to equities markets because of recent, all time highs (bar the past 2 days), where valuations are sky-rocketing all over the place, don’t make any big financial decisions based on what DragonLord123 says in a reddit thread. You need to look beyond the flashing numbers on a screen and decide if those numbers are justified. + +I think it’s absolutely no coincidence that so many finance experts seem to appear while markets are at record highs and there are eye watering valuations across equities markets. A whole host of people here have just received their fresh Finance degree from this mornings cereal box. After looking at stock tickers for 2 weeks and nothing else, they’ve decided now is the best possible time you could buy into equities and they’re ready to advise others. Buy high, sell low, right? .....right? + +Everyone’s man, their dog, and their grandma is piling into equities markets over the past month, just because prices have rocketed. Spoiler alert: that’s a great piece of evidence that perhaps now, more then ever, you should think about what you’re doing before you do it, and maybe get some real advice. + +When the shoeshiner is giving you stock tips, take a step back and consider the scenario. +Numbers are approximate. + +My wife had a scheduled routine c-section. We went through all the proper channels and have good health insurance. The hospital had us make a down payment a week before the c-section of about $2800. We knew it was going to cost about this much, and we had the money so we paid it. C-section went well. Our baby is healthy, everything's great. + +A few weeks later we get three bills: $1300 from the hospital, $1700 from the insurance company for the baby, $2300 from the insurance company for my wife. None of which mentioned my down payment. I called my health insurance and the hospital to get answers. + +My wife has her own insurance, and we added the baby to hers. Apparently, if the baby and the mother leave the hospital at the same time, all the hospital charges go towards the mother's individual deductible and out-of-pocket maximum ($1500/$3500), not the family out-of-pocket maximum($3000/$7000). We have paid about $1500 for my wife's medical expense in this calendar year. Meaning that the down payment I paid the hospital would easily cover the out-of-pocket maximum of $3500. I should be getting a refund. So why am I getting more bills? + +In the end, my insurance admitted their mistake and are currently going through all of it. I expect more time and phone calls to get it all straight, but I expect to actually get money back from that down payment. If I just paid the bills at face values, that's $5300 plus a refund that would have been lost. + +Lesson: Don't just trust the insurance and hospital billing at face value. Understand you insurance. Have someone explain it to you. This stuff is complicated even for the people working in the field. This was a routine scheduled c-section and they still royally fucked it up at my expense. Don't let it happen to you. +Guten Tag to this global band of Apes! 👋🦍 + +As Evergrande's collapse signals the start of some big financial events coming soon, the Shorts failure to cover the quarterly cycle is another such signal. Assuming that the quarterly futures contracts are indeed how they have been hiding their short positions, they have until market open next Wednesday to buy the shares or roll them forward; either way, we haven't seen nearly enough action for that to have already happened. As we patiently buy these dips and HODL what we bought, appreciate the gravity of the world events and the fact that your hedge through this turmoil is stronger than ever before. GameStop is transforming before our very eyes, and is making fantastic use of the talent they have hired this year. I couldn't be prouder to be a shareholder. + +Today is Wednesday, September 15th, 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: **$197.40 / 167,51 €** *(volume: 629)* +- ⬜ 115 minutes in: $197.40 / 167,51 € *(volume: 614)* +- ⬜ 110 minutes in: $197.40 / 167,51 € *(volume: 607)* +- ⬜ 105 minutes in: $197.40 / 167,51 € *(volume: 595)* +- ⬜ 100 minutes in: $197.40 / 167,51 € *(volume: 595)* +- 🟩 95 minutes in: $197.40 / 167,51 € *(volume: 594)* +- 🟥 90 minutes in: $197.39 / 167,50 € *(volume: 594)* +- 🟥 85 minutes in: $197.40 / 167,51 € *(volume: 582)* +- ⬜ 80 minutes in: $197.99 / 168,01 € *(volume: 444)* +- ⬜ 75 minutes in: $197.99 / 168,01 € *(volume: 442)* +- 🟩 70 minutes in: $197.99 / 168,01 € *(volume: 428)* +- 🟥 65 minutes in: $197.98 / 168,00 € *(volume: 426)* +- 🟥 60 minutes in: $198.07 / 168,07 € *(volume: 406)* +- 🟥 55 minutes in: $198.08 / 168,09 € *(volume: 406)* +- 🟩 50 minutes in: $198.09 / 168,10 € *(volume: 368)* +- 🟩 45 minutes in: $198.07 / 168,07 € *(volume: 247)* +- ⬜ 40 minutes in: $197.96 / 167,99 € *(volume: 234)* +- 🟥 35 minutes in: $197.96 / 167,99 € *(volume: 187)* +- 🟩 30 minutes in: $198.43 / 168,39 € *(volume: 130)* +- 🟩 25 minutes in: $198.29 / 168,26 € *(volume: 119)* +- 🟥 20 minutes in: $198.26 / 168,24 € *(volume: 117)* +- 🟩 15 minutes in: $198.43 / 168,39 € *(volume: 109)* +- 🟥 10 minutes in: $198.42 / 168,38 € *(volume: 59)* +- 🟥 5 minutes in: $198.45 / 168,40 € *(volume: 55)* +- 🟥 0 minutes in: $198.52 / 168,46 € *(volume: 13)* +- 🟥 US close price: $199.24 / 169,07 € *($198.98 / 168,85 € 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 1.17843233. I wrote and maintain a C# application 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 just 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! +Anybody got any good stock that can potentially pop so I can do some DD on the weekend? Drop the ticker and I will add them to my watchlist and start doing some research. 🚀🚀🚀 +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing Tips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to [start a new discussion](http://old.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers are [not allowed](http://www.reddit.com/r/personalfinance/wiki/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). +Hello, I've been living in a vehicle for about a year now. I go to trade school about 35 hours a week and I just got a skilled labor job. I can work pretty much as many hours per week as I want and I'll be making about $13/hr after taxes. I have a Pell grant which pays for my tuition and I spend the leftovers on tools and equipment. I have no bills or expenses other than food/gasoline, a gym membership and vehicle maintenance. The Pell grant has made me ineligible for food stamps. Food is a tricky situation for me. Since I don't have any way to store perishable foods, I must either eat out or buy non perishables. Eating dried or canned food everyday kinda sucks after a while so I end up eating out a lot. I know that's an expensive habit but it feels like I don't really have a choice sometimes. I've always been pretty bad with money. When I have money, I feel the urge to spend it which obviously just makes it go away quicker. I have a bank account but the balance has been close to zero for quite a while so I'm not even sure if it's still open. I've heard a lot of good things about this sub so I just wanted to get y'alls advice. Thank you. EDIT: I can't believe how many responses this got, thank all of you so much, there's some great advice here. + + +[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!* +Always be yourself, unless you can be a unicorn, then be a unicorn! + +Unicoin is a brand new coin that launched on the BSC realm with a goal to support the LGBTQ society during their pride month! + +An aggressive marketing campaign is going to take place this whole month, to promote the message of this coin as much as possible. Poocoin and Coinsniper ads are already running. Talks are ongoing with several influencers to hop on board and many of them are excited to support this cause! + +All profits from the merchandise for sale on the site will be redirected to LGBTQ Collaborative. + +Liquidity is locked and ownership renounced. Proof is pinned in telegram group. Roadmap and other information can be found on the website. + +Tokenomics: + +Maximums transaction cap of 10 trillion tokens + +Total supply - 1,000,000,000,000,000 Tokens + +50% of the tokens are burned + +10% Fees per transaction: + +   5% Fees per transaction are auto added to the liquidity pool + +  5% Fees per transaction are redistributed to the holders + +📱Telegram: https://t.me/unicointoken + +🌎 Website: https://unicointoken.com/ + +📄 Contract: +0x3D228AC23Db25923BC2B7726d16ad963c4f6dF9C +Can someone explain WHY Robinhood is not preferred for investing, as opposed to say, TD Ameritrade or Fidelity? Im specifically not looking for opinion statements like "remember GME?" and "because noob lol". Im looking for hard facts, shortcomings, lack of tools etc. I havent personally had issues, but have heard their customer service is junk, but ive heard that of others too. Is their security lower quality? + +My background, I have a half million portfolio with them of some long term holds, and dividend stocks. I don't consider myself a very savvy investor needing tools to enhance my trading abilities, i don't use things like covered calls, etc. I just.... buy and hold. Maybe mess around with some options. MY biggest positive I suppose is my access to a good deal of margin, which ive used to increase the amount of dividend stocks i buy and hold. +In the week ending April 4, the advance figure for seasonally adjusted **initial claims** was 6,606,000, a decrease of 261,000 from the previous week's revised level. + +See full report [here](https://www.dol.gov/ui/data.pdf). +It was 2008 and people were talking about Soviet-style collapse. We'd have food lineups, riots, capital controls designed to keep us from being able to access the last of our money before the government could inflate it away into nothing. Stock up on gold and ammunition and fill your pantry with cans of tuna because our entire way of life was about to fall apart. + +In 2008 it was really possible to believe all of that, but I was an optimist. + +I was working for Teck, which had made an ambitious top-of-the-market purchase of five met coal mines. For those that don't know, met coal isn't burned to make power, it's a chemical reactant used to make iron. Prices were high and climbing, so we were making money hand over fist. After half a decade of good times, many in the industry thought we had entered a new world order in which mining, long a pathetic little corner of the stock market that turned hope and money into disappointment and losses, would finally enter the limelight. The teeming masses of poor Chinese were poised to rapidly ascend to western levels of wealth and prosperity, and they'd be taking as much steel and copper as we could give them. + +As someone in the industry, I can say that mining has a bit of a complex: high ego and low self esteem. We provide the materials from which the world is built; in return, half the world doesn't know we exist and the other half wants to ban us to protect endangered tree frogs or something. But now, all you city-slickers would look upon us with reverence: mining would take its rightful place in the sun, and anyone lucky enough to have gotten in on the ground floor would be fabulously wealthy, justly rewarded for being part of such a noble industry. + +I was 25 years old and bought it completely. + +So when everything started collapsing in 2008, I didn't sell. Armed with lots of disposable income, no children, no debt, and a low cost of living, I started buying Teck shares. "I'm still working here and the lights are still on, the price of met coal isn't too bad... fuck it, let's see what happens." I bought at $30, $20, $10, even $5. Sure, the company had just made one of the largest debt-financed acquisitions the industry had ever seen, but it would all be OK. + +And it was. The share price bottomed out at about $4 and then rose to $60. I had made one ridiculously lucky bet. + +Ever look at a graph and think how fabulously wealthy you could be if you'd bought, well, anything in late 2008 and sold it a year later? That could have been me. + +But I was to be a victim of my own success. "Holy fuck, I'm great at this. A quarter million dollars may be cool, but what if I can do this again? I could have a million dollars in cash before I'm 30!" + +Most of what I sold, I reinvested in other mining companies. Small shitty ones with some drill core and a prayer. I actually invested in my boss's startup venture (*facepalm*). I invested in gold miners. When share prices started dropping, I thought "DEAL OF THE CENTURY OMG!" and bought more. MINING IS THE FUTURE! I tried to catch falling knives. I doubled-down on failing investments. I based my decisions on graphs and hope, not balance sheets and income statements. I refused to sell because of pride and ego and an unwillingness to turn a paper loss into a real one. + +Now the mining industry is back in the gutter where it belongs and I have next to nothing. Teck shares are back at $4. This time I'm not buying any, but there's still a burning thought in the back of my mind: what if I'm missing out on the deal of a lifetime? What if I take just a little more of the money that I worked my ass off to earn and 'invest' it? This isn't a healthy mentality; it's more like those desperate and pathetic creatures you see humping slot machines and blackjack tables, hoping to turn it all around. + +I've done some soul searching and realized just how much of my self-worth I had tied up in this. The rest of you were suckers, following the herd like sheep, and by merely having the resolve to run in the opposite direction I got rich. All of my other failures in life - and they were numerous - didn't matter. + +tl;dr - Won big at yuppie gambling, thought I was really clever. Easy come, easy go. + +It seems to me like a mini PMS service, just that they have classified it as investment ideas(recommendation) and call you for your confirmation before placing the order. + +They have three varients one is of low risk(large caps), second looks like large+multi cap, and third - high risk with small caps too. + +They charge 4999+ taxes per year. + +[Link](https://simplehai.axisdirect.in/wise-advisor/smartedgeplus) + +Edit: P.S- I don't buy direct equity as I'm not confident with my research. Hence gave this a thought. +My family and I were having a discussion recently about the money we've spent on various things (clothes, books, phones, games, accessories, random junk purchased from Amazon). Everything we've bought recently has depreciated in value and won't net us much if we were to sell these items. We already have SIPs set up for the entire family, and are fortunate enough to be financially secure. + +&#x200B; + +This is when one family member asked: "What can I buy without paying a massive sum (let's say under Rs. 1 lakh) that will grow in value over time? Other than gold, is there anything we can buy that will grow in value?" + +&#x200B; + +I didn't have any satisfactory answers at that time. Any ideas? +Hi, please don't delete this. I need to get it right. + +Started learning about personal finance few months ago and started a SIP. Learning more about it my understanding says the "magic of compounding" isn't applicable in SIP. We simply buy an asset every month. And after few years we sell it at the current price of that asset. I have formed an example, please help: + +* Let's say I start an SIP of 1000 rupees per month with the Aditya Birla elss regular growth plan. + +* I invest for 2 months (keeping the example simple) Jan & Feb 2020. In Jan their 1 unit = 100 rupees so I get 10 units. In Feb their 1 unit = 200 rupees so I get 5 units. + +* Assuming I want to cash it out after the 3 year lock in period I can cash out the Jan one in Jan 2023 & Feb 2023 respectively. + +* The profit I will make is just the price of Nav in 2023 - price of Nav in 2020. Correct me if I am wrong. + +How is this then the most preferred way of investment? If I invest, the only thing I need to track is comparing the current NAV with the NAV of the SIP month for that particular month correct? + +Sorry if it sounds silly, but I am shocked that the marketing around SIP is so hyped when it's just we buying an asset and the profit will be the price difference of that asset value when we sell and there's just no concept of interest in it. It's just like buying a house or piece of land, or gold, no? Correct me if I am wrong somewhere please :) + +This sub has been immensely helpful to me in the past so came back to you guys ♥️ +What are your thoughts on thoughts on these funds? I'm thinking to start a monthly SIP to diversify my investments. + +&#x200B; + +Franklin India Feeder Franklin US Opportunities Fund - Direct Plan ([https://www.valueresearchonline.com/funds/16027/franklin-india-feeder-franklin-us-opportunities-fund-direct-plan](https://www.valueresearchonline.com/funds/16027/franklin-india-feeder-franklin-us-opportunities-fund-direct-plan)) + +&#x200B; + +Motilal Oswal S&P 500 Index Fund - Direct Plan ([https://www.valueresearchonline.com/funds/40997/motilal-oswal-500-index-fund-direct-plan](https://www.valueresearchonline.com/funds/40997/motilal-oswal-500-index-fund-direct-plan)) + +&#x200B; + +Franklin fund is a feeder to their larger US Opportunities Fund which means overall higher expenses, how do I find "actual" expenses (%) for the fund? + +&#x200B; + +Franklin US Opportunities Fund is benchmarked on Russell 3000 Growth index, whereas Motilal Oswal fund is benchmarked on S&P 500 TRI index, is there a way to compare SIP returns of both over time ignoring tracking error and expenses? +So I have about $70k that I can just let sit in the bank, invest somehow into something or whatever. Not quite sure what the right move is here. I know I’m not receiving professional advice on here but I am interested in your opinion. + +Help a brother out! +This is a big life-changing event for me. My mother, grandmother, and I have lived in the same house ever since my parents divorced when I was 15. We’re lower-middle class and my dad passed away when I was 18. I’m currently living away from my home town while in college, 2 years left to go (will probably graduate with around $30k debt). So I’m definitely going to use a chunk of that for school. I’m a graphic design major, so I would like to either design for a company or have an at-home freelance design business. I basically just don’t want to spend all the money on big ideas or nights out shopping and not have anything saved up for emergencies. I’m working on building up my credit score (730-ish) and may end up moving back home for a few years after graduation, since my mother and I inherited his house and 30 acres of land (my mother is also getting around $100k, as well as my grandmother). She plans on using her money to fix up the house since he hadn’t cleaned it or bought anything new in 20 years, and my grandmother will most likely go to some kind of senior housing. If I don’t end up living with my mother, I’ve always wanted to build an energy-efficient tiny house to save money in the long run. + +Should I start investing in stock? Should I invest in creating a business? Should I just keep it in the bank? I’d like to be able to use the money to make money. Any advice is appreciated. +Hey there I wanted to share a very short summary of my achievements and failures so far and how I’m going to be getting back on track. +I just want to point out that I’m 23 years old and just graduated from college in December with a degree in Business Administration (Because I’m not intelligent enough for anything else) debt free thanks to my responsible parents that I cannot thank enough. HOWEVER, I do have roughly 12k consumer debt from when I was a lot younger and a plain shithead when it came to money. But thankfully my parents, teachers, coworkers and reddit (obviously) have kept me on the right path when it comes to trying to keep my finances manageable. I haven’t used a credit card in two years and have been out of work since May due to finishing some very tough courses over the summer. I despaired for a very long time wondering if I would ever find another job that paid decently as amazon for my age. It was very rough and with debt looming over my head I felt overall depressed. + +Now I am very pleased to say that I’ve at long last found a career in the printing industry as a Shop operator. I’ll be doing a bit of CAD and Indesign work and general shop duties but it’s a start and I’ll be making 14$ an hour with great benefits and most importantly PTO and 401k with match and potential for growth. + +It’s certainly not much for the Dallas, TX area but it’s a start and I’m more than happy to finally have a job and a degree after 5 years in college and spotty job history. My objectives for this year are to establish a emergency fund, pay off all that debt and have enough money saved to move into an apartment to ease the burden off my parents. In the long run I’d like to have saved up for a small house in the country and a more diversified investment portfolio but for now baby steps and most importantly enjoy the journey! + +I know my short story does not convey the journey up to this point entirely but trust me when I say I know your pain if your still searching for a job or are in a lot of consumer debt but, don’t give up! It hurts but we’ll get through this together one step at a time. + +If anyone has any extra advice I would greatly appreciate it. Paying off debt and becoming financially stable are the utmost priorities right now so I can have a somewhat stable financial future. +Job 1 Salary: $90k + +Job 2 Salary: $95k + +Job 1 Bonus: 10% + +Job 2 Bonus: 15-30% + +Job 1 comes with one-time 10% signing bonus, pre-tax. + +Here's my pickle. Job 1 is what I want to do long-term and will give me an "in road" towards that path, but slightly more risky. Job 2 is what I've been doing, and I am good at it, but I don't want to be Job 2 for the rest of my career, but more of a stable option. It's hard passing up a 30% bonus though. I might still have an option to get into the Job 1 industry even if I take Job 2, but there's no guaranty. Any advice on how I go about deciding? +Woke up this morning with a text alert from my bank saying my account was overdrafted. I log in, and see a balance of -15,000. + +I set up a Roth IRA for the first time with T Rowe Price two days ago. Bought into 5 funds at $1200 each, for a total of $6k, the maximum allowable Roth IRA contribution for 2021. + +I see that instead of withdrawing $6000, T Rowe Price withdrew $30,000!!! They essentially stole $24,000 from me. I call T Rowe Price immediately when I see this mistake. The lady I spoke with (I think her name was Christian?) said that I funded 5 different Roth IRA accounts at $6,000 each, two days ago. Clearly she has no idea how a Roth IRA works. I told her this wasn’t possible, as the maximum yearly contribution for a Roth IRA was $6,000. She continues to try to gaslight me and tell me this was my mistake. I finally get another customer service agent, who tells me they will open a ticket and to call my bank for the funds back. + +I call my bank to dispute the transaction. They tell me they would, but won’t have any updates for me until next week. So now I have -15,000 in my back account, thanks to T Rowe Price taking an extra $24,000 from me. + +Stick with Vanguard or Fidelity for your Roth IRA needs… + +EDIT: For those saying it was a clerical error on my end, T. Rowe Price's website does NOT let you contribute more than your IRS limit per year. [Here](https://imgur.com/D3Balrh) is what I see when I try to do that. There is no way this was an error on my end. And as you can see, the screenshot confirms my story. + +I did not receive a confirmation email from T. Rowe Price until 8:30 AM this morning, and the statement had the incorrect amounts ($6k into each fund, instead of $6k total.) + +EDIT #2: +So this is how T Rowe Price's Roth IRA funding works: You enter the amount you want to contribute on the first page shown in the screenshot(Eg. $6k), then it takes you to a page to select your funds. Then you select the % of your contribution each fund receives. So I said that I wanted each fund to receive 20% of my 6k contribution, at $1200 each. There is a minimum of $1,000 to buy into each fund. So I really don't see where I could have accidentally put 6k into EACH fund. I only hit submit on the webpage once. + +T Rowe Price called me back and stated that they would do some keystroke analysis to find out what happened. They told me to call my bank for the funds back. My bank said it would take 3 business days to get everything sorted. + +EDIT#3: +The T Rowe Price employee just called me again. Said he didn't have any updates about the "keystroke analysis,” and that it would take about 3 days to come back. He clarified that I only have ONE Roth IRA with 5 mutual funds, funded at 6,000 each. He stated another customer may have had the same glitch this morning where it funded a mutual fund with $6,000 when it was supposed to be less than that. He was pretty understanding, and asked if I could pay may bills while they get this sorted. I said yes (assuming it will only take a few days for my bank to get the funds back.) I wonder what they would have done if I said no? + +Either way, feeling less panicked. And I have been happy with the way T Rowe Price has responded. I wasn’t expecting a second phone call tonight. The rep even offered to call daily to check in; I told him he didn’t need to call everyday, and he could just call when he had updates. + +Thank you for all the responses!!! + +EDIT#5: +Funds reappeared in my bank account around 5:30AM the next day! Thank you folks for all your help! + +[FINAL UPDATE: T Rowe Price found the bug!](https://www.reddit.com/r/personalfinance/comments/qru65w/update_t_rowe_price_roth_ira_30k_withdrawn/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) +https://www.cnbc.com/2019/09/09/att-ceo-stephenson-under-fire-for-questionable-ma-decisions.html + +Hedge fund Elliott Management takes a $3.2 billion stake in AT&T, questioning its M&A strategy and operational execution. + +In a letter, Elliott calls for new board members and reassessing whether the current leadership team, led by CEO Randall Stephenson, is fit for the job. + +Elliott says its four-part plan can boost AT&T shares to more than $60. +This didn't get a lot of traction but I thought I would update in case anyone else ever runs into this issue because it's a violation of the FCRA and I could have received damages if the CU hadn't fixed in 30 days (45 now because of COVID). + +TL; DR I submitted my car payments through the CU's app, got email confirmations, and they didn't take the payments from my checking account at another CU and caused me to get two 30 day lates. They had taken the payments before and have since. + +To be really clear, Car Loan CU never attempted the payments from Checking Account CU. + +[Orignal Here.](https://www.reddit.com/r/personalfinance/comments/f9yu4s/submitted_electronic_payment_to_credit_union_get/) + +I didn't get a lot of helpful advice and unfortunately, I got shamed for being sick and being late....but a sincere thank you to those of you that did help. + +I wrote a certified letter to the CarLoan CU's CEO with my email payment confirmations. Nothing fancy, but I explained the situation and asked them to remove the late payments. + +It was delivered yesterday. Today I got an email saying the late payments would be removed. + +I didn't have to write the credit bureaus or the CFPB or anything like that. + +That's all fine and dandy, but what is really important here is that this kind of thing is covered under the Fair Credit Reporting Act. A financial institution can't confirm payments and then just not take them. This issue is entirely different from whether not I paid past a certain time or was close to 30 days late. They confirmed the payments and never took them. + +I got connected to a friend of a friend of a friend lawyer who specializes in these kinds of violations and he said it's an easy case to sue and get a settlement but **I have to send a letter first and let them remedy**, which they did. If they haven't, he would have taken the case and I could have sued for damages as well. + +Since the COVID mess has hit, these late payments are even more critical because it looks like the SBA loans for businesses are going to look at personal credit and I would have been automatically disqualified. + +But the lawyer explained that the CarLoan CU could have been liable for damages in the amount of the declined loan, so that was good to know. + + +I'm not sad I didn't get to sue for damages. With the COVID thing going down I'm just glad it's fixed. + +Just wanted to get the resolution down for the archive. + +Cheers! +I've met investment bankers, BigLaw lawyers, doctors, and small business owners that are easily in the 10M+ range, but I realized I've never met a family a magnitude of order richer, for example in the 100M+ range (or maybe I just didn't know). I imagine there is a class of people that are not just fatfire for this generation but have been fatfire for several generations. Do they live very different lifestyles? Are they different in characteristics and outlooks? Anything we can learn from them? +http://venturebeat.com/2017/02/06/apple-google-facebook-microsoft-join-tech-firms-filing-legal-brief-against-trumps-immigration-ban/ + +How will it influence on stock? +Holy shit that is a lot of information to take in. So many numbers thrown at you, it’s definitely difficult to digest it all in the first go. Also, definitely lots of thoughts and opinions that were generated from the late 20th century. + +My question is what did some of you do to better understand/wrap your heads around it? I’m definitely gonna give it a reread but I wanna make sure I’m extracting the best and most important information from it +Edit: + +HT u/PristineTangerine for previous post now approved. I saw referral link in there and removed preemptively. Apologies and thanks! Please refer to that post instead. + + +Please note there have been at least two posts for wealthsimple's upcoming zero commission platform. + +The links have been removed as they are referral links. Not allowed :) + +Here is the clean link: + +https://www.wealthsimple.com/en-ca/trade +Hello + +I have MultiCharts. I am currently using Interactive Brokers as my broker and data source. + +I have written an algo that finally tests “well enough” on out of sample data. + +I started trading it live and found some strange results. When i refreshed the chart The strategy entry and exits would change. Eventually I would find out that when i refreshed the chart I would get data from the historical servers at Interactive Brokers that replaced all the streaming data I had received during the day. + +THE HISTORICAL DATA WAS NOT THE SAME AS THE STREAMING DATA! + +How is this not level 1 day 1 information? + +How the hell am I supposed to write and train an algorithm on data that does not equal the streaming data.... + +What am I missing? + +I have been told to switch my data to IQFeed as their historical matches streaming supposedly. Does anyone know? + +Any thoughts or advice? + +Thanks +I'm new to running wheels. I was doing weekly AMD to start and it actually was working out... After reading a ton and posting here, I started doing 30-45dte. I really mistimed things on the last run-up and am wondering if I should cash out and take my loses. + +It's embarrassing to list all my compounding screwups but here goes: + +1. Sold -2 CSP way too high. Strike 114. +2. When it passed that in like 2 days, I decided to average down and sold another one at 112. +3. Kept going down, I decided to roll them out. I rolled WAY out to 8/19 with strikes of 100/ (-2)110. + +So now I have three CSP expiring 8/19 (-1)100 and (-2)110. + +I had banked some profits from earlier doing the weeklies, so if I let these get assigned, the cumlative strike price would be $97.67 to sell CC above. + +I'm not sure if I'm just reacting to AMDs current slide and the market in general. May seems like it's going to be terrible all around. I could see AMD sliding to 85 or even lower before going up... + +Should I just cut my loses and bail? The advice I always hear is to stick to your trading plan... That's hard to do when you've never really seen one through. Should I stick it out? Lower my position size? + +Any thoughts on AMD? Overall I think they are good company. I build a lot of computers and am impressed with their new products. I think they have been consistently taking market share from Intel for years. Still a lot of risks with silicon and competitive industry, but... They aren't a shit company. +No matter how many posts you see here or how many questions you ask. There is only one thing that will make you successful, that is SCREEN TIME. + +Unfortunately there are no shortcuts. Yes, you see many people who have just started found some good luck,but on the other spectrum there are multiples more struggling. + +What may work for others, may or may not work for you. You need to find your own edge, and the only way of doing that is SCREEN TIME. I cannot stress this enough + +Do not envy those who have just started trading and found some luck. You will have to sit in front of those screens for hours, test out indicators, backtest strategies for months, years before your day comes. But it will come. + +Not sure any of the above is helpful or not but I thought I should share seeing tons of comments, posts regarding new accounts, strategies etc. + +TLDR: LOOK AT CHARTS , SCREEN TIME IS THE KEY , NO SHORTCUTS +Hi all, first time poster here. + +US expat in Europe, under 30, making around 1,000,000 EUR / yr. + +Other than maxing out Roth IRA & 401k, S-corp write-offs, and some contributions to American Funds, I am holding way too much in savings/checking accts. + +After reading this sub, I realize how little I’m doing investment-wise. I think my main problem is lack of financial mentors and financial literacy. I come from fairly humble beginnings and am only used to spending/saving modest amounts. I realize making this income for the next 5-10years leaves me in a great position to set myself up for the future and build up wealth, but I’m lacking guidance. A CPA handles my taxes and foreign-income tax deductions and I have a basic financial advisor in the US, but I’m not sure the investment advice is growth-oriented enough for this income. + +Just bought a home for \~800,000 EUR (expensive area, wish I could have bought something cheaper, but real estate prices rising rapidly) other than the home mortgage, I have no other debts. Restaurants 2-3x per month, cheap car, SO is on a low salary and our spending reflects SO’s salary more than mine. + +What’s my best course of action? + +I’m interested in European real estate investing and possibly some US real estate investments in my hometown, but not sure if now is the time to buy. + +Otherwise should I just continue to max-out retirement accounts, put the rest into my mutual fund, and sit tight? + +Am I better off finding a european-based financial advisor? + +US taxes really bite, especially considering I live in a low-tax area in Europe and only spend a few week per year in the US. Other than foreign-income exclusions, is there anything I can do to lessen my tax burden? (other than renouncing US Citizenship ;) +This is the official $GME Megathread for r/Superstonk. 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I had an urgent care visit last April and a $125 bill. To my knowledge I never received a bill from the clinic, and I assumed it was fully covered by insurance / forgot about it. As a rule I pay my healthcare costs through my HSA whenever I receive a bill. + +Fast forward to the other day and a collections appears on my credit report from Nationwide Collections for $125. It states it was from the clinic, and after following up with my insurance provider I confirmed the charge was indeed legitimate. + +My score which was around 800 is now at 710 because of this. + +I have absolutely no issue paying this but I don’t want this collections docking my score 80 points for the next 7 years. Based on initial research I might want to offer a pay-for-delete agreement, or send them a validation letter request. Anyone with experience in this or suggestions? + +FWIW, I think it’s silly and regrettable that the healthcare organization didn’t attempt to contact me, and just sent this to collections. They’re part of a major organization undergoing a big merger so maybe they sent all their debt to collections. Neither here nor there though I guess. +It's going up forever. If you're interested in Bitcoin don't be scared that it's basically at an all time high. I've bought the all time high many times, and every single time it's paid off. + +Also, stay out of shitcoins. They're worthless. +Hi there, + +I’ll start by saying I’m very new to investing and money management. Up until now I have not been serious about my money and have been frivolously spending. The pressure of not having my future figured out has built up and I’m very eager to get my money working for me. The recent news of Apple’s stock split got me intrigued and I’m ready to do something about my situation. + +**My Situation**: + Age: 36 + Income: $94,000 gross, $2700 net per paycheque + After expenses: $1000 to save/invest per paycheque + Debt: None + Homeowner: No + Investments: None + TFSA: None + RRSP: $22,000 in Tangerine RSP Savings Account + Emergency Fund: Goal is $13,000, currently at $3,200 in Wealthsimple Smart Savings account + +**My Plan**: + +1. Focus on building emergency fund to get it to $13,000 +2. Move my RRSP to be self directed. +3. Buy Apple stock in self-directed RRSP. I feel comfortable with 2-3k +4. Put the other 20k in my RRSP to work. I could use some low to moderate risk recommendations here. +5. When I’ve established my emergency fund, focus on maxing out my TFSA and really start putting my money to work. + +**Questions**: + +1. Am I on the right track? Hahaha +2. Is Questrade the best place for a self-directed RRSP? Does Wealthsimple offer this? +3. I believe Apple is low dividend and would be fine to hold in my RRSP, am I wrong? Is holding a US stock a bad idea in my RRSP? Are conversion rates going to kill me? +4. Is Apple a bad place to start with my level of knowledge? Should I not be looking at the split as an opportunity for me to get started? I want to add that I believe in the company and would love to be invested in it. +5. In the next 5-10 years I could be in a position to buy a home . I would pull out my RRSP for this as a first time home buyer. How does my plan work in this situation for you? +6. What do you recommend I do with the other 20k in the self-directed RRSP. Overall I'm looking for long term growth. + +Thank you very much for getting this far. I’d love to hear your opinions. +I’ll cut to the chase. I made ALOT of trades in 2018. Tons of strategy testing and mini-positions, just getting a feel for the market. By the end of the year I ended up loosing about $1,700 dollars. Me, being naive, thought absolutely nothing of it and figured the IRS would know how this sort of thing worked. If I LOST money they have nothing to collect. + +Apparently this is not how it works. If I buy 10 shares of Ford for $100, then sell them 3hrs later for $80, I lost $20 right?... Well according to the IRS, that $80 is viewed as income rather than settled cash from a losing position. + +I know I’m supposed to fill out a 1099 revision form. It’s just a bit overwhelming because how exactly do I dispute these transactions as a misinterpretation of my actual income? Has anybody gone thought this before? What did you do? +Hi, + +I'm 39yo, with a wife and a 2yo baby. I live in Spain and my income is round 8800€ monthly before taxes. I haven't had any financial education in the past so while I never got me into any debts, I barely have any savings besides my emergency funds. I've been usying YNAB thoroughly for almost a year and my monthly expenses are around 4000€, so I have around 2000€ monthly after taxes that I can use to start investing. I have a DeGiro account and I've been looking at some ETFs but I'm honestly quite lost and I don't know where to start and what to do. + +My goals are saving to buy a house in five years, and after that, saving for my daughters education and our retirement. + +I haven't factored my wife's income, which oscillates between 1000€ and 2000€ monthly before taxes, but it could be used for our investments too. + +Any recommendations greatly appreciated! +I often see threads on other PF subs about how to increase income with a side hustle (either second job or passive income) but it doesn't seem to be prevalent here. I also know from living in Europe (France, Portugal and Sweden) that it's not very common. I have some ideas as to why this is, but I'd be interested to hear your views. Some general questions for the discussion: + +1. Why do so few people have side hustles in Europe? +2. What are some side hustles that you can think of? +3. If you have a side hustle, how has it impacted your taxes? +4. If you have a side hustle, was it worth it? In terms of reaching your financial goals and affecting your quality of life. +Hey everyone! + + +I've recently started to become interested in investing. I live in the Netherlands and am Dutch myself however I was born in the United States, so I'm also an American citizen. I have both passports and pay taxes. + +&#x200B; + +I tried looking for a commission free trading app like eToro, Trading212, [Capital.com](https://Capital.com) however I get denied due to being an American citizen. I also tried Robinhood but was denied because I don't live in America. + + +Is there anyone with the same kind of situation as me? And does anyone know any trading apps I could use (I'd love for it to be commission free but if it's not possible then so be it.) + + +Thank you in advance and have a good day! +Alright friends, it's time for yet another "it's your money or your life" post. Quick background information time: gf and I want to get married and move in together. As per our frugal nature, we are planning on a very cheap courthouse wedding with our close friends and family, "white dress" wedding will be put off till we can afford it. However...she doesn't have a job lined up yet in my area. As common sense would go, employers highly prefer locals who are already living in the area. We expect it would take her 3 months or less to find a job once she can officially prove that she lives in the area. + +Anyway, in the interim where she is looking for a job, obviously the bills would fall to me. However...the math looks like we would actually be just fine. Take a look at my numbers and tell me what you all think. + +Estimated Rent: 685 + +Estimated Renter's Insurance: 17 + + +My Car Insurance (Car itself is fully paid off): 125 + +*Quick note here on car insurance, this rate will go way down once I turn 25 this year + +Estimated gas budget: 50 + +My Health/Dental Insurance (automatically comes out of paycheck): 68.58 + +Phone plan + Phone Payment: 58 + +Estimated Groceries for two people: 384 + +*Source: [USDA](https://www.cnpp.usda.gov/sites/default/files/CostofFoodApr2017.pdf) + +My medical prescription: 25 + +Taxes in the 15% bracket + Social Security Tax + Medicare Tax: 472.87 + +My hourly rate: 14.84 at 37.5 hours a week plus opportunities for overtime + +With these numbers, even accounting for months with *zero* overtime, I'm posting about 500 in the green after all expenses, taxes, and health care deductions. Her parents will temporarily be paying for all of "her" expenses such as her health insurance, gas, her car, etc. Thoughts? + +Edit 1: All utilities are included except an optional cable plan, which we won't be buying. + +Edit 2: Added federal taxes. Location does not carry state or local tax + +Edit 3: Added Social Security and Medicare Taxes. +Just curious on TSLA June 2020 put options with stike price of $5 dollars. There are over 20,000 open contracts with 48 traded today ( very low volume). These are trading at 24 cents with low bid to ask spread. If I sell these put contracts, it is about 4.8% return for about 23 months (approx 2.5 percent per year). This is much better than any CD or treasury return for 2 years. There is opportunity cost of not using the $500 for two years but other than that is there anything I am missing? I don't think Tesla will be delisted or go down to zero. + +This looks like very low risk trade. Am I missing something? +Has anyone made it big from a large sum of inheritance that was invested properly by yourself? + +I always hear about the hard and smart workers in here which is great. + +But let's hear about what your families did to really set some of you up, as I'm sure that's everyone in there's goal to do for their kin as well. +The charts for the MBS market are alarming + +[https://www.mortgagenewsdaily.com/mbs](https://www.mortgagenewsdaily.com/mbs) + +If defaults are still low, why are we seeing these dramatic movements in the MBS market? And what is going on in the CDOs? + +According to my models, when the 30 year mortgage reaches 6.5% all kinds of bad things start happening (too complex to get into here). If MBS dive by 20%+ in value within 2-3 months, are we going to have a global financial crisis on our hands when investment banks start dumping them? +My question is, what options do I have for obtaining this car sophomore year? It's not exactly a family car so I can't wait that long to be completely financially stable. + +Edit: Thank you everyone for your feedback. I will be sure to hold off on buying it for a while. I am going to follow through with investing in stocks and buying a poster of the Camaro as a goal. +Interesting article I came across in the Wall Street Journal this morning regarding the 4% rule; which is commonly prescribed in this sub as guidance for income in retirement. Many financial advisers are revisiting the age-old advice in the face of financial markets with inflated asset values, which may mean lower returns in the coming years. + +[Here's the article (paywall warning).](https://www.wsj.com/articles/forget-the-4-rule-rethinking-common-retirement-beliefs-1518172201) + +Instead, the article posits a couple of solutions. First is a 3% safe withdrawal rate. This is obviously much safer than the 4% threshold most of us are currently expecting. While safer, this would also mean that you'd need to save 33% more for retirement to achieve the same standard of living that you would need under a 4% withdrawal rate regime. + +The second is a "guardrail approach" which provides more discretion in when/how much you withdraw from your retirement balances. From the article: + +> Say you retire with $1 million in a portfolio with 60% in U.S. and foreign stocks and 40% in bonds and withdraw 5%, or $50,000, in year one. At year-end, you must recalculate your withdrawal amount as a percentage of your new balance. Assuming your portfolio declines 20% to $800,000, your $50,000 withdrawal—plus an annual adjustment for inflation—now represents more than 6% of your new $800,000 balance. + +> Any time your withdrawal rate rises above 6%, the rule imposes a 10% pay cut for the next year, says Jonathan Guyton, a financial adviser and co-creator of this strategy. As a result, after adjusting the $50,000 initial withdrawal—to $51,000, assuming 2% inflation—the method imposes a 10% pay cut, of $5,100, to produce a $45,900 withdrawal in year two. +There has been a lot of strange movement in GME stock price over the past couple of weeks, but today stands out for me. There are a few points to touch on, but essentially my thesis is based on [today's chart so far](https://imgur.com/gallery/fLe50gq) and a couple of key points. + +#Today's Chart & Price Action + +When market opened today, almost all technical indicators were very bullish for GME. This indicates that we should see some very strong bullish moves in price today. + +A quick caveat - all technical analysis, and any natural price movement really, requires volume. Without volume, the price cannot move naturally, and technical analysis/indicators will eventually exhaust and fail. + +Looking at the chart today, the price action was playing out somewhat as expected. It tested an early support around $210-211 before entering a rising channel for most of the morning. Indicators remained bullish for the entire time, but volume wasn't showing up. After two down days, this was a perfect opportunity to create a massive move and gap up - potentially causing a small squeeze. But nothing happened. Volume never showed up, and the move started to become exhausted. + +At about 1PM, we started seeing the price test the lower end of the channel repeatedly. At this point, if we were going to see a bullish continuence, we would see a spike in volume to push it back up into the channel. We repeatedly didn't see this and it eventually failed. And then what happened? **Nothing.** + +This failure to maintain the bullish move was a perfect opportunity for those holding short positions to pounce. They could have used a fairly minimal amount of capital to smack the price down, and likey blow right past this morning's support of $210 and maybe even break below $200. It was a golden opportunity, and literally nothing happened. Even now, at almost 2PM it is still trading sideways on virtually no volume. + +Both sides of this trade, long and short, were presented with golden opportunities throughout this morning. Both sides chose not to act. Why? + +#Gamma Squeezes + +In order to continue, and explain my thesis, I need to explain a bit about gamma squeezes. **I also think this will be helpful to many people, because there is a ton of misconception that spreads about how gamma squeezes work.** + +Gamma squeezes are a result of open interest in options and hedging by the market makers holding the options. People also misinterpret volume as open interest. Volume on options is for the most part irrelevant. What matters is how many total calls are open at each strike price. When a market makers sells a call option, they must remain risk neutral. In order to do so they need to buy shares of the underlying stock as the call becomes more likely to expire in the money. In a very simplistic form: let's say there is currently a 50% chance a 230c ends up in the money at the end of the week. The market maker would buy 50 shares now to hedge their risk. As it becomes more or less likely through price movement and theta decay, they'll either sell or buy more shares to remain risk neutral. + +This leads us to the most common misinformation I see spread here and other places regarding gamma squeezes. *There are currently 250,000 calls ITM, so if we hold above this by Friday there will be a gamma squeeze.* That is not how it works. The strike prices that are currently in the money are probably considered 90+% likely to be in the money upon expiration, which means they are pretty much fully hedged already. They do not remain naked on all calls and then scrambled at close on Friday to fulfill ITM contracts. + +So what causes a gamma squeeze? (This part is very important, and is the key to my entire thesis for Friday) + +A large amount of open interest becoming ITM suddenly, unexpectedly, and very close to expiration. A gamma squeeze is essentially market makers scrambling to accumulate shares to fulfill contracts that are in the money. The only scenario in which this happens is for very unexpected price movement to happen on Friday basically. + +#My Thesis + +Short positions do not want the price to drop between now and market open on Friday. Longs want to have the highest possible number of OTM call options when markets open on Friday. Why? We need a large amount of open interest to move from OTM to ITM suddenly, unexpectedly and close to expiration so there is a smaller window for MM to fulfill the shares. + +If we can get down under $150 by Friday open, this gives us several strike prices in $10 increments, many of which have large open interest amounts. These strike prices can be used fairly rapidly to force unexpected need for hedging risk (aka buying shares) very quickly. If we end up opening at $250+ on Friday? Most open interest that can realistically end ITM will already be ITM and thus already fully hedged against. This means there is little to no opportunity to force a gamma squeeze. Not only does open interest go against us, but we'd need to move the price up $50 to hit the next large batch of open interest, and then another $50 to the next, then after $400 it goes in $100 increments. *Additionally*, it takes an exorbitant amount of money to move the price from $250-300. It takes MUCH less to move it from $150-160. Then $160-170. And so on. And along the way you're picking up more and more buying pressure from MM hedging. + +An added bonus to keeping the price lower is it will increase the open interest in FDs by lowering the premiums at strike prices between 150-250ish, which is where we really need the most open interest. + +#Conclusion + +Short positions desperately do not want the price to drop too much before Friday. The squeeze needs an explosive movement to trigger, and if we get down to around $150-160 before open on Friday, it will take a significantly lower amount of capital and volume to trigger a large move. + +Long positions want to see as low of a base as possible going into Friday, because it will mean a larger amount of open interest that can be used as fuel for a gamma squeeze, which could trigger the short squeeze. + +IMPORTANT: This is all my opinion. This also is not a guarantee. For starters, I could be wrong about literally everything - I am retarded after all. Secondly, long whales have planned big attacks on Fridays before and failed every time. They could fail again this week even if I'm right. The important part is that if you believe based on your research that the short interest is still over 100%, then this has to squeeze at some point. It doesn't have to happen Friday, but it does have to happen. At the end of the day, validate any DD you see on your own, do your own research, and make your own decisions. + +Apes strong together. 💎🙌🚀🌖 +Good morning! + +TADR: [computershared.net](https://computershared.net) estimates 92.11 shares per account. It's probably closer to 90.5, and DRS Total is probably 14.8MM. + +&#x200B; + +Recently, I introduced a 180 day rolling window to [computershared.net](https://computershared.net)'s predictions. Learn more [here](https://www.reddit.com/r/Superstonk/comments/v4rvb3/proposal_to_introduce_a_180_day_rolling_window_to/) if you missed it. The rolling window went into effect 3/14/22 and since then, the trimmed average has been increasing at an alarming rate. + +https://preview.redd.it/qhgcqdofy5991.png?width=1052&format=png&auto=webp&s=e4a0b970a5bb07947ab93f4358b84c2034f0720f + +There are two components of the estimate, the account high score and the trimmed average. Lately, the account high score has stagnated, but the estimates keep going up... + +https://preview.redd.it/urk8h1e1y5991.png?width=1094&format=png&auto=webp&s=227729e3aab03051e01e1f45e73daf57d7f30cb2 + +But who's to say if this is right or wrong? Maybe Apes really are just growing their existing computershare accounts and have collectively added 20 shares per account since January... + +&#x200B; + +Well... I can test that. I quietly added a feature to [computershared.net](https://computershared.net) a few months ago, put it at the bottom of the page. It's weekly account growth... which is another way of saying "The week of 1/2/2022, sampled Computershare accounts collectively grew by 2%" + +https://preview.redd.it/yor07c1606991.png?width=1070&format=png&auto=webp&s=763cc5594921b6137c28fd655d35dd6d3ad8ccc3 + +Additionally, with the Gamestop filings, we know exactly what the average shares per account is on those dates: + +10/30/21 - 71.23 shares/account + +1/29/22 - 74.79 shares/account + +4/30/22 - 84.11 shares/account + +&#x200B; + +Using these two data points (growth and actuals), we can make another prediction. + +https://preview.redd.it/unqc9ez626991.png?width=353&format=png&auto=webp&s=97e5ba16797a7f912d0d582c18ec41e87d72ac00 + +If the current average per account is 90.5, the total DRS is 14,887,000... not 15,152,000. The two predictions should validate each other, but they don't. + +&#x200B; + +I'm going to push out a change to [computershared.net](https://computershared.net) to add the statistics chart (it used to be there, but people didn't like it lol "too noisy") so that we can better track this trend. + +&#x200B; + +That's all folks! Have a great weekend everyone! +https://www.cnbc.com/2019/09/03/tesla-owners-in-china-ask-for-refunds-after-10percent-tax-break.html + +Last week Tesla scored a 10% purchase tax exemption in China, but customers there aren’t sure if it applies to them. + +Tesla is the first foreign manufacturer to receive this type of tax exemption in China without having a local joint venture partner. +This comes after a contraction of 31.4% in the second quarter. + +> Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent. + +Press release here: https://www.bea.gov/news/2020/gross-domestic-product-third-quarter-2020-advance-estimate +Hey everyone, first post on reddit and I want to share an expensive lesson I experienced trading forex. + +About 2 months ago, I joined a free telegram group (FJ_forex) that’s gives free signals every now and then. The signals were okay, not that great really but the admin keeps promoting the VIP signals group they have for $50 for an entire year. It promotes 1000pips wins in a single week. It’s too good to be true but my stupid ass bought it. What they never mentioned in the free group are the trades that they lose. I loss about $700 following their signals. + +The admin, Franco Julius, also promotes account management. He promotes that he can double your account once every 2 weeks for $Y200 for every $1000 in capital. Even showing screenshots of the accounts in huge profits. He mentioned he trades low risk with 90% accuracy. It’s too good to be true but my greedy ass went ahead anyway. What he never mentions are the losing accounts. Basically, he loss my entire capital in less than a day and blocked me on telegram. Lost- $1200 + +I was doing fine before following them, averaging about 3% every week. Loss close to $2000 following FJ_forex and Franco Julius. Want to share with everyone so y’all can learn from my mistake. Learn how to trade for yourself. Do your own risk management. Be responsible for your own trades. If you still want to follow signals, do not buy into FJ_forex or Franco Julius. My greediness cost this and I hope it doesn’t happen to you :) + + + +Expected a correction today since I don't think the fundamentals have changed. Very surprised at the rally today, and kinda frustrated at the lost notional gains. +One thing that seems to have increase in popularity over the past year is trading in F&Os. A lot of people I know buy F&Os on Kite like kids in a candy store. I personally believe that the average retail investor should stay out of F&O as much as possible. + +1. The time component - + +Most F&Os have a time component which means that apart from the business factors of the underlying, there is a whole new dimension that needs to be analyzed when dealing with F&Os and this is the time component. As the time passes by, if you're long(short) an option or a future and if the underlying is going down(up) then you would have to eventually close it at a loss. In case of options, you lose your entire premium if you don't close. In case of futures, you would be forced to close at a loss or take delivery of a lot of stocks by posting additional capital. To know the value of the time component requires mind boggling mathematical calculations. Yes there are websites which will do it for you and spit out an answer but to be able to comprehend what the answer means is where I feel 99% of retail investors fail. + +The time component is missing when you take delivery of stocks. So this essentially leaves you to deal with only the underlying business factors of the stock and completely removes the time component related calculations. Of course, one could probably calculate the value of money invested by compounding at FD rate but that's pretty much the only time component related calculation when you take delivery of stocks. + +2. It is a zero sum game - + +Every time you buy an F&O, you're essentially entering into a zero sum game. Either your win or the person on the other side of the table wins. There will never be a situation where both of you can win. More often than not, in a F&O, the retail investors collectively lose to some much larger institutional investor. This means that if you're someone who doesn't know what he's doing then even going by random probability, your chances of losing money via F&O are much much higher. + +Stocks are not a zero sum game among the participants of stock market. You could take a position in HDFC and so can a hedge fund. Eventually if HDFC does well and generates profits that lead to dividends and residual equity then both you and the hedge fund win. Of course, if HDFC is doing well then on a broader scale someone in the broader economy is losing out somewhere but there is no zero sum game among the market participants as such. It could hypothetically be a zero sum game only if the % of people long HDFC and short HDFC on all the outstanding shares are 50% in the market. But that's hardly ever the case. That however, always is the case with F&O. + +3. The volatility means that your kite app on a jio 4G connection is too slow - + +F&Os change at a much rapid rate than the change in the underlying. Mostly it is algorithms that can effectively trade in F&Os because they are quick to react to changes in the market and constantly analyze everything according to the rules fed into them. If you're someone who has a Kite mobile app and a Jio 4G connection then chances are that within the blink of an eye your F&O position goes from a profit to loss and there's little you can do. By the time you're done closing the position, the loss is even deeper. + +Edit - + +You could possibly own an extremely out of money put option every month if your portfolio is above 1 lac+. This would help you hedge against some random event like corona or 2008 were it occur some month in your investing career. Apart from that, I really don't think F&O makes sense for the average retail investor. + +Edit 2 - + +I'm all aware of hedging and the various strategies which one can make use of such as strangle, straddle, iron condor etc. Most people do not even fully comprehend the true value of a naked position in an option. When you combine multiple options together, the underlying mathematics becomes even more complex. If you're gonna tell me that someone who uses Kite and a Jio 4G connection can accurately determine what a particular % move in the underlying will make on a combination of options someone has entered into and act upon it then I'm just gonna believe that I have been living under a rock all these years and people are much much smarter than I thought. +Was reading it this morning and I am shocked at the inflation rate. Has anybody changed their investment styles to counteract this inflation rate? + +[https://vivekkaul.com/2020/11/22/high-inflation-in-times-of-covid-will-hit-us-hard/](https://vivekkaul.com/2020/11/22/high-inflation-in-times-of-covid-will-hit-us-hard/) +Here's a link to the story, which makes a pretty solid case for the fraud behind bitcoins current boom and impending burst: https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330 +Discovered crypto while I was in graduate school in 2017, but didn’t sell at all during that bull run and learned my lesson lol. Bought more Ethereum in the bear market of ‘18-‘19, and never traded or sold until a few weeks ago when my portfolio hit the milestone I committed myself to. + +Finally got the notification from the loan provider today that it’s paid off in full, and I can’t even describe the relief! (Of course the banks &amp;amp; provider took a few weeks to process the payment haha). + +Hodling crypto feels nice, but freeing myself of this debt feels even nicer. Don’t forget to take profits, it’s more relieving than you might think! + +^sorry ^for ^those ^seeing ^this ^twice! ^automod ^deleted ^last ^post ^because ^of ^title + +Edit: well this blew up bigger than I expected lol. Seeing a lot of the same questions so I’ll try to answer here: + + - Yes, I set aside some for taxes. I intentionally didn’t trade or touch *anything* for well over a year to lock in those sweet long-term capital gains taxes :) + - loan paid off was originally 8.5%, refinanced to 4.5% in 2019. And yeah, I *will* be a little sour if Biden ends up wiping away everyone’s student loans after this haha but it is what it is, and this was a guaranteed weight off my back + - most of what I sold was ETH, but also some Bitcoin and Cardano. Without getting into specifics, I was up ~15x my initial investment when I sold. + - Will probably re-enter during the next bear market, in the meantime I’ll be cheering y’all on and saving up on the sidelines + +Thanks for all of the kind words and awards! +As I write this, GME is in freefall. It just halted at $130, and has continued to fall and is sitting at around $110-120. + +If you came to this subreddit because of all the hype that the GME bubble created, there are two paths you can go now. You can actually learn what it means to invest, or you can head on out. If GME was the only thing that kept you interested in this subreddit, you're in the wrong place. GME was a risky investment at best for those that bought it prior to the pandemic, and pure gambling for anyone that bought it in the last month. + +This subreddit has always been about investing. Over the last week or two, I feel like that this core principle has been lost. A lot of it I want to believe was due to newcomers joining the subreddit. It's great to have new members. But I think a lot of the new members, and even existing members, forgot what investing is all about it. It's about doing research, and taking an educated risk, and holding onto that risk, hoping it will pay you back for more than you put in. It sounds similar to investing in GME if you look at it at face value. But there are many differences. For instance, you don't invest in something that you know is worth less than it is selling for. GME was propped up so high that it shouldn't even have registered on your radar as a potential investment. Investment is about knowing that something is selling at a discount, compared to what it will be worth in the future. We knew and know that GME was/probably still is on the verge of bankruptcy. In other words, we know that it's future value is looking grim. + +There are plenty of companies out there that have a bright future. Additionally, there are many great ETF's and index funds that hold a quality basket of companies. That's what this subreddit is about. Perhaps there are companies that look promising, but you have questions about. Again, that is what this subreddit about. + +For the newcomers, realize that over the next month or two, this subreddit will see far less activity than it has over the last month. In fact, I imagine the same will be true for /r/investing and even our good old friends at /r/wallstreetbets that started this whole thing. The sheeple will leave, and that means that you'll be able to see the forest through the trees. Learn what true investing is. Over the years I've made a lot of money because of this subreddit. More than I ever would have from GME, even if I bought in at $20. Hell, even this year someone mentioned the Very Good Food IPO-- NOTE: please don't take this as a suggestion or pump, rather just an example. It all started out as an innocent question from a redditor. Something like "Has anyone invested in the Very good IPO? What do you think about this company?". Boom. I read that post, did my own research throughout the day, very next morning I invested, and it worked out. I'm up in the 100 percentiles all because of a question a random redditor asked on this subreddit. + +Sometimes it doesn't work out though, and that's fine too. The important part is that you do your OWN research, and make your decisions with a strategy in mind. It makes it a lot easier to accept your losses when you have done research. Going this route, the more you invest with this strategy the quicker you realize mistakes. If you make poor investments, you tend to have more confidence when it comes to pulling out if the investment goes South. + +I feel like I might be ranting. I guess circling back to the whole point of this. If you came here because of GME, or you're generally new to the game, I encourage you to stick around and learn true investing. Even if you lost money from this whole GME thing, look at the bright side, you've been burnt from the start and now you'll never make an amateur mistake like this again (fingers crossed). So, for those sticking around-- Welcome. For those leaving, don't let the door hit you on the way out. +As I write this, GME is in freefall. It just halted at $130, and has continued to fall and is sitting at around $110-120. + +If you came to this subreddit because of all the hype that the GME bubble created, there are two paths you can go now. You can actually learn what it means to invest, or you can head on out. If GME was the only thing that kept you interested in this subreddit, you're in the wrong place. GME was a risky investment at best for those that bought it prior to the pandemic, and pure gambling for anyone that bought it in the last month. + +This subreddit has always been about investing. Over the last week or two, I feel like that this core principle has been lost. A lot of it I want to believe was due to newcomers joining the subreddit. It's great to have new members. But I think a lot of the new members, and even existing members, forgot what investing is all about it. It's about doing research, and taking an educated risk, and holding onto that risk, hoping it will pay you back for more than you put in. It sounds similar to investing in GME if you look at it at face value. But there are many differences. For instance, you don't invest in something that you know is worth less than it is selling for. GME was propped up so high that it shouldn't even have registered on your radar as a potential investment. Investment is about knowing that something is selling at a discount, compared to what it will be worth in the future. We knew and know that GME was/probably still is on the verge of bankruptcy. In other words, we know that it's future value is looking grim. + +There are plenty of companies out there that have a bright future. Additionally, there are many great ETF's and index funds that hold a quality basket of companies. That's what this subreddit is about. Perhaps there are companies that look promising, but you have questions about. Again, that is what this subreddit about. + +For the newcomers, realize that over the next month or two, this subreddit will see far less activity than it has over the last month. In fact, I imagine the same will be true for /r/investing and even our good old friends at /r/wallstreetbets that started this whole thing. The sheeple will leave, and that means that you'll be able to see the forest through the trees. Learn what true investing is. Over the years I've made a lot of money because of this subreddit. More than I ever would have from GME, even if I bought in at $20. Hell, even this year someone mentioned the Very Good Food IPO-- NOTE: please don't take this as a suggestion or pump, rather just an example. It all started out as an innocent question from a redditor. Something like "Has anyone invested in the Very good IPO? What do you think about this company?". Boom. I read that post, did my own research throughout the day, very next morning I invested, and it worked out. I'm up in the 100 percentiles all because of a question a random redditor asked on this subreddit. + +Sometimes it doesn't work out though, and that's fine too. The important part is that you do your OWN research, and make your decisions with a strategy in mind. It makes it a lot easier to accept your losses when you have done research. Going this route, the more you invest with this strategy the quicker you realize mistakes. If you make poor investments, you tend to have more confidence when it comes to pulling out if the investment goes South. + +I feel like I might be ranting. I guess circling back to the whole point of this. If you came here because of GME, or you're generally new to the game, I encourage you to stick around and learn true investing. Even if you lost money from this whole GME thing, look at the bright side, you've been burnt from the start and now you'll never make an amateur mistake like this again (fingers crossed). So, for those sticking around-- Welcome. For those leaving, don't let the door hit you on the way out. +First things first. +I have 30 years old and I day trade almost every day, since I was 18. +So yes, Ive been through a lot of stuff already. +I day trade futures only. Not stocks. Leverage was and still is the main problem of day trading, at least for me. +I had ups and downs along those 12 years. +Money comes so fast… I mean, Ive started with 1000 and almost reached 100.000. Ive started spending in things I didnt even need. Untill I broke my account for the very first time. And trust me, that has happened a lot since then. +That was my first 2 years. +I was certain I could make 1000 turn into 100k or even 1M. “How dumb I was?” “Why did I do that?” Those phrases are common when we lose. +I usually have a 80% win rate. (1 day a week of loss). Or even a higher one. +The main problem is… sometimes, I just lose my mind and start buying or selling more, to have a better medium price, and guess what. I lose all the money. +And then instantly I just add more money to my account and start all over again. +That happened many many times during all those years, and I was ok with that, since it was a money I could lose. Always a small amount. +Obviously I had days that I wanted to quit. Day trading is very stressful and it affects your life. For many days ive been sad and depressive. You mistreat your wife, your parents, and you dont live propperly. In my case, Ive lost some job opportunities because I was just to focused on trading. From 09 to 18 thats amy main priority. You just care about you green or red daily balance. But even if you try, you just cant stop… you always come back. +So I finally reach that point again… i had like 400k, last year. Everything was great and I could ve just saved the major part of it. +I thought I was finally safe and happy. I wouldnt lose all that money the way I trade. +I was making like 3-4k a day. +Then, a small loss took me. I still remember the day it all begun. I was winning like 3k that day by the morning and it ended up giving me a loss of 20k. Not that huge problem, but still, a big loss. +Next day tried to recover a part of it and i got like 5k back from the market. +Next, -30k. I started to lose my mind. All i was doing crumbled. Those loses were ok. I could easily just stop, take a breath, and reduce my hand. Like take one step back to take 2 forward. +But somehow i couldnt do it. I needed that money back. To be fair, i didnt need. That money was never a money i needed. It was just some that i had on my account. But I couldnt take those losses. I needed to recover. +A few days later, after trading everyday, I lost 120k. Biggest loss ever. +I dont know why we just completely break our mind atter a week of loss. +So, after all, I lost everything I had managed to win, plus 150k that I took trying to recover. +I wanted to suicide. Ive had problems with my wife. With my parents, and everything arround me. Those weeks, I was just not me. Depression hit me hard. Nothing could make me smile, I tried everything I could to surpass that but in my head, I needed to try again. +Lost another 10k. +Today I still trade, everyday, started from 100 and trying to do it all over again and again. +Im just trying to understand what happens in my head. +I dont need to day trade. I do it because im trully addicted to it after all those years. Everyday I just want to know if i ended red or green. And my life keeps moving on and I feel ive missed so much time in vain. +What im trying to alert and speak to myself is, take care. I trully need help. I have money, thank God those dollars wont make a huge difference in my life. But im sure that happens to other people and the story is diferent. +So, thats my 12 years. In a short brief, still need help to stop that drug inside me. +Hope it helps, somehow, anyone who reads it. +I know it's easy, you likely have set it up, linked it to your bank account etc. YOU DON'T OWN THE COINS, YOU CANNOT SEND THEM ANYWHERE. If you are here because you want to learn about Defi, this defeats the whole purpose. This isn't just an issue of not your keys, not your coins. You cannot use them as intended! + +Everyone new here reading this, create yourself a Coinbase account, go to coinbase/earn and get yourself some free cryto that is real, and you can send to an external wallet/dapp. ROBINHOOD ISN'T REAL CRYPTO! Get a coinbase/binance.us/gemini account. + +https://preview.redd.it/w26484rhtae61.jpg?width=1241&format=pjpg&auto=webp&s=9b25f6687626ed650b4f00dad9f4c82dd8c44440 +Back in July 2021 , I placed an order with Best Buy for an iPad and Apple Watch. Order shipped and marked delivered, however, we never received it. Reached out to BB , they confirmed it was not delivered and they would refund as it was no longer in stock. Few weeks go by , no refund. Chat in to BB again , told refund is coming. After a month of waiting , I call BB and am informed it was delivered and the people I spoke to earlier were wrong and there was nothing they could do for me. + +I filed a dispute with my credit card. Provided them our chat history , information on how our cameras show no delivery , and photo evidence that the house that is shown in the couriers photo is not our house. I am told that visa will have an answer for me within 90 days and if I don’t hear back from them , it means I won the dispute. + +I never hear back from them so I assume all is well. + +However yesterday I get an email from my credit card saying that I actually lost the dispute and they are sorry. + +I am beyond confused about this and have requested additional information as I provided them with so much proof that I did not receive my order. + +Is there anything left I can do ? I never would have ordered online if my area wasn’t still on lockdown at that time. It was my only option available and now I’m left with a huge dent on my credit card. +The BTC dump today was completely manufactured: + +* About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase: [link](https://whale-alert.io/transaction/bitcoin/b53321a92835b607f94af4703fd0a576209e48f02037f187d4fe6e6443daead3) +* About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: [link](https://whale-alert.io/transaction/bitcoin/3cf3e3d9ad9f2dd8e5f71a6530a9081eaa35d819e17bc654f99b9d40675eed12/1) +* 40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: [link](https://whale-alert.io/transaction/bitcoin/761e464ef57f8ce0fd8064fcc6b52c4529778b07cbaae4d84aa546ddb3fc5152) +* 15 mins after that, a whale moved 10M USDT from one wallet to another: [link](https://whale-alert.io/transaction/bitcoin/b0a9755c65b41e3c69204d9708ddd4b12aa7b935f7f219599333d50e4ad203bd) + +If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with. + +Fuckers. + +Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference. +(Nice to meet everyone here. This is my first post on this sub, as folks suggested me to try here for some advice) + +I will have a few years of high W2 income, mostly RSU equity comps (due to IPO). It's a good problem to have yes, but it also sucks, knowing more than half of that will be taken away (51% to be precise, given the highest tax rate for federal + CA state + medicare surtax). + +As W2 income, there seems to be very little tax mitigating strategies (at least from the CPAs I've talked to). Also the W2 income spike is not steady (i.e. not per paycheck that can be guaranteed) and will also peak next year, so I want to preserve / defer as much as possible for FIRE. + +These are what I know that could work in today's tax code: + +1. Go the real-estate professional route to offset non-passive income, and even if I do, putting down several multifamily units next year, it won't be enough depreciation to offset my 1M+ W2 income. +2. There're a few other aggressive tax strategies far less well known that I got exposed to recently, mainly those in Family Office for the wealth. Those will 100x the audit risk for sure. +3. Maybe I should just stop worrying about this, pay what i should (or make charitable, either case money that has to give away). + +I did learn the lesson of never overstaying this 'W2 slave' stage and should shift to business and capital income sooner. + +For those who've been through these, what would you recommend? Any advice appreciated. +So I have found an apartment complex that is 2 1-bedroom and 4 2-bedroom units. I got prequalified for $200,000 @3.5 for 30 years with 20% down. I can’t come up with all of the deposit. I do not want to dip into emergency funds. So I need $60,000. What is the best way to come up with this? Private money like people I know? If so what’s a fair % of interest or % of the profit? TIA +**A) First thing:** + +1. Review markets and news for stocks with good overall trending direction and potential +2. Pick some stocks to trade for the day. Focus on those stocks and avoid jumping like a ninja to anything else + +**B) Next, prepare your strategy:** + +1. Draw the support lines in weekly, daily, and hourly charts +2. Place alerts just before the support lines (maybe 1 or 2% before) so you are notified when the stock is approaching your support. +3. Confirm your risk-reward ratio (example 3:1 = willing to lose $1 in order to make $3). +4. Now that your support lines are confirmed, draw your maximum loss and gain lines based on your risk-reward. + +**C) Finally, as the stock is coming closer to your support line (you know this because your ALERT notified you)** + +1. Is the MACD crossing and RSI below 30? +2. Are the SMA indicators crossing? +3. Is volume starting to spike confirming a possible reversal? +4. Wait for confirmation on the 5min chart +5. Once these are all confirmed, place the trade and immediately place your stop loss (you already have your stop loss line drawn so you know where to place it) + +**D) Journal about your trades.** + +* What worked, what didn't, your indicators, entry/exit prices, what you can do better next time. +I've tried googling to figure this out but I'm not tech savvy enough to understand/grasp it, so not sure if this is even possible, here is my situation: + + +My uncle passed in 2016 after a very short battle with an aggressive brain cancer/tumor etc. The last year of his life was plagued with memory issues but he did talk a bit about bitcoin/mining etc, however in my head he was doing some type of folding at home to help cure diseases etc. + + +Two weeks ago my aunt sold her house and began the moving process, upon showing up to help and clear out her basement I came across a varitable treasure trove of old PC parts. I'd say its hoarding, however it is all in immaculate shape and stored. Along with notebooks and some other information, we found the following: + + +6 desktop computers with large cases and lots of extra hardware inside, after talking to a friend they believe these may all be mining rigs. In the basement we uncovered 6 boxes of HDDs and graphics cards, however all of the HDD's seem to be 2-4TB and may or may not be dead drives? + + +I purchased an external HDD reader to see if there was any family pictures etc, on there. It's mostly family pictures and videos he'd saved or converted, however because of the news around bitcoin, and the amount of hardware, I wonder if there is a wallet / bitcoin whatever floating around somewhere in one of these drives. Is there an easy way to locate if there is anything of value here? + + +Sorry for length, wanted to include as much as possible for best results. Can answer any other info. + +&#x200B; + +ATM we have: 6 PCs with a ton of stuff crammed in them, stacks of HDDs, stacks of graphics cards and a buncha notebooks littered with numbers that are confusing. I don't think these #'s etc are bitchain/codes, but have now way to verify. +http://www.businessinsider.com/over-the-past-6-years-ive-fine-tuned-a-spreadsheet-that-has-completely-changed-my-finances-2016-7 + +I don't know if I could get my finances in here down to the nitty-gritty like this guy, I use a spreadsheet someone else posted here a while ago. But I found it to be be kind of inspirational. + +EDIT: Apparently I can't spell... +EDIT 2: Here's the much simpler spreadsheet template that I use: http://www.vertex42.com/ExcelTemplates/money-management-template.html +Things I have personally found are as good as / better than more expensive brands: + +* Sainsbury's laundry detergent +* The Ordinary skincare products + +Any/all daily products welcome (groceries, household cleaning products, skincare, etc). +Figures reference NAB's 2019 Investor report ([https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/fy19-investor-presentation.pdf](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/fy19-investor-presentation.pdf)) + +**Background** + +\- NAB had $304bn in housing loans in Sept 2019 (page 66) + +\- 2.4% ($7.6bn) had negative equity (page 20). $200 million of which had no lenders mortgage insurance (page 20) + +\- 1% ($3bn) of there loan book was >90 days past due (Distressed) (page 20) + +&#x200B; + +**Problem** + +\- in NAB's home lending stress model - it predicts a $4.1bn impairment across 3 years. This is assuming a 2.9-3.1% in GDP across 2 years. (page 67) + +\- the IMF has predicted a 6.7% contraction in GDP this year ([https://www.imf.org/en/Countries/AUS](https://www.imf.org/en/Countries/AUS)). Predictions beyond this point are non-sense because we don't know how long the virus will last. This is 2.2x the beyond NAB's model. + +\- if we assume that impairment is proportional to contraction in GDP this brings actual impairment costs to $9.02bn + +\- A few days ago NAB announced $1.1bn in impairment costs unrelated to coronavirus ([https://www.afr.com/companies/financial-services/nab-s-profit-hit-by-1-1b-on-wealth-software-charges-20200420-p54las](https://www.afr.com/companies/financial-services/nab-s-profit-hit-by-1-1b-on-wealth-software-charges-20200420-p54las)) + +&#x200B; + +**The back of the envelope maths** + +\- NAB's Stautatory profit for last year was $4.8bn ([http://capital.nab.com.au/docs/2019-Annual-Financial-Report.pdf](http://capital.nab.com.au/docs/2019-Annual-Financial-Report.pdf)). I recognise, this figure is fictional as accountants can pull any number out of a hat. However, for the purposes of simplicity, lets assume this reflects real profit + +\- Assuming the base case scenario where profit remains equal from all other NAB businesses (which it won't), NAB would have a ($4.8 x 3 years) - ($1.1bn + $9.02bn) = $4.28bn of profit across 3 years = 1.4bn profit per year + +\- Current NAB market cap is $47.27bn + +\- So based on expected profits its trading at \~33x price to earnings ratio + +\- Historical P/E for Financials in Australia are about 15 ([https://www.rba.gov.au/publications/rdp/2019/2019-04/australian-equity-market-facts-1917-2019.html](https://www.rba.gov.au/publications/rdp/2019/2019-04/australian-equity-market-facts-1917-2019.html)) See figure 19. + +**Summary** + +\- NAB is trading at 2x its fair valuation in the middle of the recession with no current end point. + +\- This is in the context of housing prices which have risen above inflation for the last 30 years ([https://www.rba.gov.au/publications/bulletin/2015/sep/3.html](https://www.rba.gov.au/publications/bulletin/2015/sep/3.html)) (See graph 2) and housing prices which are some of the most expensive in the world ([https://www.afr.com/companies/financial-services/australian-property-still-world-s-most-expensive-despite-sharp-falls-20190508-p51l5x](https://www.afr.com/companies/financial-services/australian-property-still-world-s-most-expensive-despite-sharp-falls-20190508-p51l5x)). +I go to a casino and walk over to the first table I see. The sign above the table says, "Kelly's Game". The dealer says, "Place a bet and The House will flip a coin. If you win the flip, The House will pay you 150% your money back. If you lose the bet, The House will keep 40% and return the remaining 60% to you." + +"That sounds great," I say. *Positive expected value. If I bet a lot, I should expect to get 105% of my money back on average. That's a good bet.* "What's the catch?" + +"Ah, yes. There *is* one more rule," says the dealer. "You must bet all of the money you have each bet or not at all." + +How many times should I bet? + +My intuition tells me that the more times I bet, the better I should do. The law of large numbers should mean that over time, my overall winnings per bet converge on my expected value of 105%. In the long run, I feel like this is a rational bet. So, my strategy will be to make the bet 800 times and see where I am at.  + +Since I'm betting all my money on each bet, I can only actually test my strategy once. Let's think of that as a single universe, my universe, where we see a single unique chain of events. But, before I actually go to the casino and bet it all, I want to guess what my universe will likely actually look like. To do that, we will simulate a multitude of universes, each completely independent of the others.  + +Here's 1,000 simulations of my strategy where each colored line is my total bank, each simulating a single possible universe where I execute the strategy faithfully: + +[ 1000 simulations of 800 sequential bets of 100&#37; of the bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/hm4rjm9ph0s61.png?width=820&format=png&auto=webp&s=e2dcc4d8c1cce3b68e8c7379987f0fbe34cb00f1) + +Notice the log Y scale. The dashed grey line with slope of 0 is breaking even. Negative slopes are losing money, and positive slopes are winning against The House. + +The dotted black line is what I expected to gain, 105% per bet for 800 bets, netting me an expected 80,000,000,000,000 more than I started with. If I take the average of an infinite number of universes, my mean return *is* equal to the dotted black line.  + +**But I only sampled 1,000 universes.** After 800 bets, only 1 universe in 1,000 has (just barely) more money than they started with. The more bets that I make, the worse it gets for me. The typical (median) return marked by the dashed white line is 1,000,000,000,000,000,000 *less* than what I started with (since you can never reach 0, you always get 60% back). I have a few tiny fractions of a penny left and a dying dream to recoup my money. + +**The typical universe is very, very different than the average of all possible universes.** I'm not from a mean universe. I'm from a typical, likely, universe. The median of a small number of samples more accurately reflects my reality than the mean of the infinite set. While the total money in all universes grows at 105% per bet, the money leaks from the typical universes to just a few extremely rare, lottery winner universes. There are some small number of universes in the set where I win an ungodly amount of money, but in almost every *other* one I lose big. + +Why is this so? In short, there are many more ways to lose money than to win money. Let's look at all four of the possible universes of 2 sequential bets: + +[ There are more ways to lose than win ](https://preview.redd.it/lsxlexpqh0s61.png?width=581&format=png&auto=webp&s=ce2b45e69f6aa175042115a605fa83be2b066e14) + +There are more ways to lose than win + +There is 1 way to win and 3 ways to lose. The average winnings are still 105% per bet, compounded to 110.25% over two bets, but 75% of the time you lose money and 25% of the time you win big. The more times you bet, the worse it will typically get for you since you are more and more likely to be in one of the exponentially growing number of losing universes rather than the rare, exponentially rich ones. + +In this game, the rational number of times to bet depends on how much you care about losing 40% or more of all of your money. Since I consider having a 50% chance to lose 40% of my money too unpalatable, the number of times it is rational for me to bet is zero, even though the bet is positive expected value. + +*Screw this game.* In the universes where I bet 800 times I've lost all my money. In one of those universes, I go back home and wait for my next paycheck. + +How can I win the game? + +When my paycheck comes in, I go back to the casino and back to the same table with the same dealer. "Your game is rigged," I say. "I want to bet against The House with my paycheck again, except this time I won't bet everything I own every time. I want to bet less and see how it goes."  + +The dealer considers this, and says. "Fine. But you must pick a percentage and you must make every bet with that percentage of all of your money." + +"Great. I'll bet half my money each time." *That way if I lose in the beginning, I'll still have money to bet with.* + +Let the gods simulate another 1,000 universes, using our new strategy: + +[ 1000 simulations of 800 bets of 50&#37; of your bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/bmpxe4vrh0s61.png?width=820&format=png&auto=webp&s=a04440eeb61c3370265eb06b5773be63a9bb9e3c) + +After 800 bets, half of our universes have made money, and half have lost money. Keep in mind that **nothing has changed except how much of my total bank I use to bet**. My typical universe is doing much better than before, but a far cry from the 80,000,000,000,000 return that my infinite selves are earning on average. + +After 800 bets, I'm right back to where I started. The dealer says, "The House is feeling generous. You may now choose a new percentage to place on each bet. What will it be?" + +*Reducing my bet size improved my situation. Perhaps even smaller bets will continue to make things better.* + +"Twenty five percent," I declare as I lay down last week's paycheck on the table, again. The gods flip the coin 800 times in 1,000 universes yet again: + +[ 1000 simulations of 800 bets of 25&#37; of your bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/nelmf21th0s61.png?width=820&format=png&auto=webp&s=56a84c6aec05d5a85dc58d732b05bc3628ca8096) + +Now my typical universe is making good money, most of them are up more than 10x, and some as much as 100,000x. Now, satisfied, I finally get up to leave the casino with my money in my pocket. *But, I have to know.* I look at the dealer and ask, "So what's the optimal bet?" + +Kelly's Criterion + +*In probability theory and intertemporal portfolio choice, the* [*Kelly criterion*](https://en.wikipedia.org/wiki/Kelly_criterion) *(or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. The Kelly Criterion is to bet a predetermined fraction of assets, and it can seem counterintuitive.* + +To calculate the optimal bet size use + +[ Kelly's criterion ](https://preview.redd.it/v73ctfjuh0s61.png?width=126&format=png&auto=webp&s=c097a3cf12753a0aa30c9216758ffc575fb02f71) + +Kelly's criterion + +where  + +**{b}** is the the percent your investment increases by (from 1  to 1 + b) + +**{a}** is the percent that your investment decreases by (from 1 to 1-a) + +**{p}** is the probability of a win + +**{q=1-p}** is the probability of a loss + +**{f\*}** is the fraction of the current bankroll to wager (i.e. how much to bet) + +Using the calculator, you can see the **the optimal bet size is 25%** of your money on each bet: + +https://preview.redd.it/3ke002qvh0s61.png?width=820&format=png&auto=webp&s=c481a3b92d16d77c3490e581bbbe399b73dc9343 + +Looking again at the above graph, that means that **the optimal betting strategy typically yields less than the expected value** for the strategy. + +Kelly's Criterion Bet Size Calculator + +[Here's a spreadsheet](https://docs.google.com/spreadsheets/d/1gXIAsFgf86_RPiiG8qfoKScj9e4v5DZp4k1FgvbTQC4/edit?usp=sharing) to play around with the above equation and calculate optimal bet sizes.  Make a copy and edit the cells highlighted in yellow to see what the optimal bet is. Read more in this [awesome Nature Physics paper](https://www.nature.com/articles/s41567-019-0732-0) and this [great article an AMMs](https://research.paradigm.xyz/uniswaps-alchemy). +i know i could open a bank account for them, but does that stop their mom from accessing it? + +i want to automatically give them money each month into a bank account. in case they just decide they want something, or save it, or whatever. i just want to get it to them. their dad (my brother) died a few years ago. their mom is extremely untrustworthy. + +what are my best options here? any help at all is appreciated. i just want to help them in the best way possible. thanks. + +*i work in finance so general bank stuff isn’t foreign or anything to me. legit whatever anyone thinks is the best option for them. + +edit: i am overwhelmed with the amount of responses to this, and i truly appreciate all of the different perspectives and options being presented. you guys are awesome for all the advice. thanks so, so much. + +i think here’s what i’ll do: start putting money into a savings account, as well as money in bonds/index funds to give them when they turn 18. in the meantime, i’ll take them to do things and take them shopping from time to time and let them know that if there’s an activity they want to do, or item they need for something, to always ask me. i think this will give them the best of both worlds i’m looking for here. i’m going to keep reading thru the responses, tho, and evaluate each option further. i want to impart some fiscal responsibility on them, even if it’s simple because they’re young. they don’t get much guidance on basically anything from the adults closest to them, so i think that’s important here too. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I remember during the brief bear market there was one person that would pop into so many posts and say that ETH was going to dip to $249. Or some crazy low amount. Just curious if anyone has seen him or how he's doing? + +&#x200B; + +\*Edit. It was $258. I did not remember the amount correctly. Thanks u/socalquest for correcting me. +So after three years waiting for our dream apartment to show up in our suburb, it has finally happened. It's a unique 2 bedroom 2 bath 1 car penthouse apartment. There is nothing like it in the surrounding suburbs. + +As I have access to RPDATA, I was able to find out the last sold price was $1.34M in Feb 2019. We inspected the apartment and fell in love with it immediately. The owner renovated it with luxury fittings, all the bells and whistles. The renovations itself would have added $50k - $100k to the value. As there has been no comparable sales since it was last sold in 2019, I can only compare it with 3 bedroom 2 bath 2 car penthouse apartments that have recently sold. They have sold from $1.53m - $1.85m. The most expensive 2 bedroom apartment sold for $1.27M in May and before that another sold for $1.28M in Oct 2020. However neither of these are comparable as they're not penthouses and no where near as impressive in terms of fixtures, fittings and size. For this reason I estimate the apartment to be worth around $1.5M. + +The apartment is listed for auction and instead of providing a price guide, the agent is telling everyone the auction bid will start from $1M. The ad listing on real estate and domain will also show up with a maximum $1M search filter. If it was last sold for $1.34M 2 years ago why would bidding start at $1M!? + +I'm not 100% on the under quoting laws in NSW but isn't this a blatant way of working around the laws by saying the auction will start from $1M instead of providing a price guide? Also showing the ad to people searching up to $1M. Is there anything I can do to stop them from wasting so many people's time and money thinking they might have a chance when it's going to sell for 40%-50% more than what they were led to believe? It simply blows my mind how agents are getting away with this. +https://www.cnbc.com/2019/04/23/masayoshi-son-invested-in-bitcoin-and-reportedly-lost-130-million.html + +Billionaire Masayoshi Son reportedly made a massive bet on bitcoin near the peak of the digital currency's frenze in 2017. + +The founder of Japanese conglomerate SoftBank personally lost over $130 million when he sold his position, the Wall Street Journal reported on Tuesday. + +Son has a reputation for making big, risky bets but has had a successful track record with many such investments. +I have to believe it's all shorts, I just can't imagine anyone genuinely invested in the space is selling at this point, they have to be buying. + +The price just doesn't make sense. Even before the boom, we should of only retraced to around 180 once the normal people got out. + +What are you all doing? +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! + + + +BASF is the largest chemical company in the world. They generated €86bn in revenue and €12bn in EBITDA (14% margin) as of Jun-22 LTM. They are currently struggling because of the gas/energy shortage in Europe (chemical processes are heavily reliant on oil and gas). I have collected some information on BASF and the current situation. I have also attached an Excel model. Feel free to download it and play around with the assumptions. I will probably add some more information, comments, and opinions as time goes on. + +# The BASF Verbund + +* The key competitive advantage of BASF is the Verbund (German for compound). Production sites use input materials and energy more efficiently. For instance, the waste heat of one plant is transferred as energy to another and by-products of one production process are used as input for another. +* BASF has six Verbund (2 in US, 1 in NL, 1 in GER, 1 in CHN, 1 in MY) and 232 additional production sites. +* The Verbund synergies saved 7.3m metric tons of CO2 in 2021 by combining heat and power generation, 47% of production waste is recycled, and 79% of water recirculated. The Verbund saved 21.4m MWh of electricity in 2021. + +# Energy consumption + +* The production is very energy intensive. +* The most important raw materials are gas and oil-based products. +* BASF had an electricity demand of 58.8 TWh in 2021. This is equivalent to approx. 20m households (assuming 3 kWh per household). The European operations require 48 TWh of energy. 37 TWh alone are related to BASF’s largest production plant in Ludwigshafen, Germany. The plant will still be operable up to a 50% reduction in gas supply. If the gas supply is reduced beyond 50%, the plant must be shut down which is extremely costly. Especially restarting all the chemical processes is difficult. +* BASF generates 58% of their power requirement with own gas and own steam turbines. +* According to BASF, if they reduced their gas usage from 100% to 50%, that would lower Germany’s total gas usage by just 2%. +* BASF does not expect the gas shortage to lower sales in 2022. +* They acquired 50% of a 1.5-gigawatt offshore wind park from Vattenfall for €300m in 2021 but reduced the stake to 24%. The wind park will be connected to the grid in 2023. +* They hold 73% of Wintershall Dea (an oil and gas business). The IPO was planned in 2021 but postponed. Wintershall Dea produces approx. 630k barrel of oil equivalents per day. 40% of it is Russian gas. +* BASF entered two 25-years electricity supply contracts with Orsted (200 MW in 2021) and Engie (up to 21 TWh in 2022). +* In general, BASF wants to push for renewable energy sources, improve in-house energy recovery, and invest in own power assets. + +# Investments + +* BASF currently pushes into two promising and sustainable business areas: + +1. They are heavily investing into battery materials. BASF wants to produce cathode materials for cell manufacturers. +2. They are also developing novel recycling concepts. The first plant is expected to go live by 2023 in Schwarzheide, Germany. Currently, BASF generates €8-9bn in revenue from circular economy products, i.e., products based on recycled and renewable input. + +* By 2026, BASF wants to invest €26bn as CapEx. +* $10bn alone are related to the new Verbund production site in Zhanjiang, China, which is still under construction. The new site is expected to generate €4-5bn in revenue and €1.0-1.2bn in EBITDA. China is the largest chemical market with the highest growth rates. +* As of Jun-22 LTM, BASF spent €2.3bn on R&D (2.7% of revenue). In 2021, they had 290 R&D collaborations and filed 820 new patents. +* According to their research, BASF holds top three market positions in 80% of their business areas. + +# Financials + +* BASF has seen revenue growth of 11% p.a. (2018 to Jun-22 LTM). Most of this growth is due to significantly higher prices in 2021 and 2022 and slightly higher volume in 2021. +* EBITDA margins have averaged 14% over the last four years. +* 67% of sales are generated in North America and Europe with 15% CAGR (2019 to Jun-22 LTM) +* 26% of sales are generated in APAC with 20% CAGR (2019 to Jun-22 LTM) +* 7% of sales are generated in RoW with 6% CAGR (2019 to Jun-22 LTM) +* BASF spent €3.8bn on natural gas in Europe as of Jun-22 LTM. This is +600% higher compared to the €0.5bn in 2020 and 160% higher compared to the €2bn in 2021. +* The company has net debt of €32bn (0.9x of current market cap of €36bn and 2.6x of Jun-22 LTM EBITDA of €12bn). +* The company announced a €3bn share buyback until Dec-22. €1.1bn have been repurchased as of Jun-22. + +# Business units + +**Surface technologies** + +* Sales of €21.7bn, EBITDA of €1.1bn (margin of 5%), and R&D of €296m (1.4% of revenue). +* “Surface technologies” produces chemicals to treat surfaces for the catalysts/coatings/battery materials sectors +* Exemplary products are automotive catalysts, battery materials, coatings for automotive applications, and decorative paints. +* In this segment, BASF plans to push more into the battery materials sector. An interesting initiative is the recycling of batteries to reuse the raw materials. + +**Materials** + +* Sales of €17.7bn, EBITDA of €3.2bn (margin of 28%), and R&D of €193m (1.1% of revenue). +* “Materials” produces plastics and monomers (ammonia, chlorine, and resins). +* BASF’s key success factors are the more sustainable production process, the simulation of plastic properties, and the individualized products and services. + +**Chemicals** + +* Sales of €15.8bn, EBITDA of €3.9bn (margin of 24%), and R&D of €97m (0.6% of revenue). +* “Chemicals” produces basic chemicals that the other business units and third-party customers use to develop higher value-added products. +* BASF’s key success factors are economies of scale and the more efficient use of raw materials and energy. + +**Agricultural solutions** + +* Sales of €9.2bn, EBITDA of €1.6bn (margin of 18%), and R&D of €904m (9.8% of revenue). +* “Agricultural solutions” produces seeds, crop protection, and digital solutions for farmers. + +**Industrial solutions** + +* Sales of €9.5bn, EBITDA of €1.4bn (margin of 15%), and R&D of €175m (1.8% of revenue). +* “Industrial solutions” produces materials for industrial applications, fuels and lubricants, paints and coatings, electronic materials, and plastic additives. +* Exemplary products are dispersions and resins, brake fluids, engine coolants, antioxidants, and chemicals for the oil/gas/metal extraction. +* Here, BASF focuses on long-term partnerships with customers. + +**Nutrition and care** + +* Sales of €7.4bn, EBITDA of €1.0bn (margin of 14%), and R&D of €172m (2.3% of revenue). +* “Nutrition and care” produces ingredients for consumer products like food supplements and personal care. +* Exemplary products are ingredients for skin and hair cleansing, ingredients for detergents and cleaners, additives (vitamins, enzymes, etc.) for the food industry, synthetic flavors, and pharmaceutical ingredients. +* BASF places a particular focus on bio-based and biodegradable products. + +# Thoughts + +* BASF is still a solid company with consistent margins. +* I tried to justify the current valuation in the Excel model and things (mainly the energy crisis in Europe) have to get quite bad for the current valuation to make sense (but it could still happen). +* I don’t like the massive investments in China. It is the largest market with the highest growth rates but a heavy reliance on China can backfire quickly. +* I do like that BASF is really thinking about their energy supply and that they try to diversify their sources. +* In terms of revenue growth, BASF’s push into battery materials and the circular economy make sense but sales will still be heavily reliant on the automotive industry. +* Here the link to the Excel model: [https://docs.google.com/spreadsheets/d/1Vtuws3FTxsic8MmifdLtAoWHPY7RttZkHESxdYNYpZM/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1Vtuws3FTxsic8MmifdLtAoWHPY7RttZkHESxdYNYpZM/edit?usp=sharing) +Zweig (the columnist who writes the commentary for the most recent edition of Graham) tweeted this out the other day. It is the reading list for interns at Verdad. + +[https://mcusercontent.com/6dc62f307511d466ff78a94fe/files/08f2139c-5671-bfe3-fcd6-17ea31f9a85a/Verdad\_Curriculum\_v8.pdf](https://mcusercontent.com/6dc62f307511d466ff78a94fe/files/08f2139c-5671-bfe3-fcd6-17ea31f9a85a/Verdad_Curriculum_v8.pdf) +Would any of you happen to be well versed in identifying some stocks in the sector? I'm really thinking it would be a great place to invest right now for multiple reasons. + +Thank you! +I'm new to the Subreddit, but wanted to share that my background is in corp. and closely held business credit analysis, portfolio credit risk management, financial analysis, and other types of risk analysis. Recently I've stopped all this to pick my own investments. + +Anyways, I wanted to point out what I currently see in Big Lots. Disclaimer: I am not a registered investment, legal or tax advisor or a broker/dealer. You should make your own investment decisions. Making decisions based on my conclusions is your own choice. + +As of May 5 2021, at 11:52 AM a google search has BIG trading for $67.75 / share, at a total market capitalization of \~$2.4B. [Most Recent 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/768835/000076883521000028/big-20210130.htm) was released 3/30/21 FYE 1/30/21. Looking to the income statements Big Lots sales have been increasing YOY, along with net income and EPS. This is also true, prior to Covid. + +Recall the valuation of $2.4B. Big lots financials show $560M in cash on the balance sheet, in conjunction with a 1.6x current ratio, increasing operating cash flows, conservative leverage of 2.15x Debt to Equity (primarily their $1.5B in operating leases). The balance sheet presents $1.2B in book equity; $560M of which we know is cash. Prior to COVID, EPS had increased by 61% from $3.83 to $6.18 (net incomes of $157M to \~$242M, respectively). During COVID this exploded of course to $16.46 per share, along with the share price to some extent. + +Now, what if we pro-forma'ed these financials showing only an increase similar to the prior year, instead of the absurd increase we actually saw? That would be something like $9.89/share (60% increase, as opposed to the more dramatic COVID-driven increase). + +The current share price of $67.82 presents a Price to Earnings ratio of \~6.86x. Now, despite the recent run-up in the share price, I would argue this one was underpriced to begin with. Big Lots competitive position, earnings power, and growth prospects are still stronger than the market understands at this time. I would sell this stock at 15-20x earnings, but for now I think it's a buy. + +I think Big Lots is under-loved because the convention has been that companies like Amazon are and will continue to "crush" companies like Big Lots. But, I haven't seen that to be the case since Big Lots [revamped it's strategy.](https://alloy.institute/big-lots-case-study) + +Feel free to disagree, criticize, or ask questions regarding my analysis. I may update as I write more. +Would any of you happen to be well versed in identifying some stocks in the sector? I'm really thinking it would be a great place to invest right now for multiple reasons. + +Thank you! +I'm new to the Subreddit, but wanted to share that my background is in corp. and closely held business credit analysis, portfolio credit risk management, financial analysis, and other types of risk analysis. Recently I've stopped all this to pick my own investments. + +Anyways, I wanted to point out what I currently see in Big Lots. Disclaimer: I am not a registered investment, legal or tax advisor or a broker/dealer. You should make your own investment decisions. Making decisions based on my conclusions is your own choice. + +As of May 5 2021, at 11:52 AM a google search has BIG trading for $67.75 / share, at a total market capitalization of \~$2.4B. [Most Recent 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/768835/000076883521000028/big-20210130.htm) was released 3/30/21 FYE 1/30/21. Looking to the income statements Big Lots sales have been increasing YOY, along with net income and EPS. This is also true, prior to Covid. + +Recall the valuation of $2.4B. Big lots financials show $560M in cash on the balance sheet, in conjunction with a 1.6x current ratio, increasing operating cash flows, conservative leverage of 2.15x Debt to Equity (primarily their $1.5B in operating leases). The balance sheet presents $1.2B in book equity; $560M of which we know is cash. Prior to COVID, EPS had increased by 61% from $3.83 to $6.18 (net incomes of $157M to \~$242M, respectively). During COVID this exploded of course to $16.46 per share, along with the share price to some extent. + +Now, what if we pro-forma'ed these financials showing only an increase similar to the prior year, instead of the absurd increase we actually saw? That would be something like $9.89/share (60% increase, as opposed to the more dramatic COVID-driven increase). + +The current share price of $67.82 presents a Price to Earnings ratio of \~6.86x. Now, despite the recent run-up in the share price, I would argue this one was underpriced to begin with. Big Lots competitive position, earnings power, and growth prospects are still stronger than the market understands at this time. I would sell this stock at 15-20x earnings, but for now I think it's a buy. + +I think Big Lots is under-loved because the convention has been that companies like Amazon are and will continue to "crush" companies like Big Lots. But, I haven't seen that to be the case since Big Lots [revamped it's strategy.](https://alloy.institute/big-lots-case-study) + +Feel free to disagree, criticize, or ask questions regarding my analysis. I may update as I write more. + + +BASF is the largest chemical company in the world. They generated €86bn in revenue and €12bn in EBITDA (14% margin) as of Jun-22 LTM. They are currently struggling because of the gas/energy shortage in Europe (chemical processes are heavily reliant on oil and gas). I have collected some information on BASF and the current situation. I have also attached an Excel model. Feel free to download it and play around with the assumptions. I will probably add some more information, comments, and opinions as time goes on. + +# The BASF Verbund + +* The key competitive advantage of BASF is the Verbund (German for compound). Production sites use input materials and energy more efficiently. For instance, the waste heat of one plant is transferred as energy to another and by-products of one production process are used as input for another. +* BASF has six Verbund (2 in US, 1 in NL, 1 in GER, 1 in CHN, 1 in MY) and 232 additional production sites. +* The Verbund synergies saved 7.3m metric tons of CO2 in 2021 by combining heat and power generation, 47% of production waste is recycled, and 79% of water recirculated. The Verbund saved 21.4m MWh of electricity in 2021. + +# Energy consumption + +* The production is very energy intensive. +* The most important raw materials are gas and oil-based products. +* BASF had an electricity demand of 58.8 TWh in 2021. This is equivalent to approx. 20m households (assuming 3 kWh per household). The European operations require 48 TWh of energy. 37 TWh alone are related to BASF’s largest production plant in Ludwigshafen, Germany. The plant will still be operable up to a 50% reduction in gas supply. If the gas supply is reduced beyond 50%, the plant must be shut down which is extremely costly. Especially restarting all the chemical processes is difficult. +* BASF generates 58% of their power requirement with own gas and own steam turbines. +* According to BASF, if they reduced their gas usage from 100% to 50%, that would lower Germany’s total gas usage by just 2%. +* BASF does not expect the gas shortage to lower sales in 2022. +* They acquired 50% of a 1.5-gigawatt offshore wind park from Vattenfall for €300m in 2021 but reduced the stake to 24%. The wind park will be connected to the grid in 2023. +* They hold 73% of Wintershall Dea (an oil and gas business). The IPO was planned in 2021 but postponed. Wintershall Dea produces approx. 630k barrel of oil equivalents per day. 40% of it is Russian gas. +* BASF entered two 25-years electricity supply contracts with Orsted (200 MW in 2021) and Engie (up to 21 TWh in 2022). +* In general, BASF wants to push for renewable energy sources, improve in-house energy recovery, and invest in own power assets. + +# Investments + +* BASF currently pushes into two promising and sustainable business areas: + +1. They are heavily investing into battery materials. BASF wants to produce cathode materials for cell manufacturers. +2. They are also developing novel recycling concepts. The first plant is expected to go live by 2023 in Schwarzheide, Germany. Currently, BASF generates €8-9bn in revenue from circular economy products, i.e., products based on recycled and renewable input. + +* By 2026, BASF wants to invest €26bn as CapEx. +* $10bn alone are related to the new Verbund production site in Zhanjiang, China, which is still under construction. The new site is expected to generate €4-5bn in revenue and €1.0-1.2bn in EBITDA. China is the largest chemical market with the highest growth rates. +* As of Jun-22 LTM, BASF spent €2.3bn on R&D (2.7% of revenue). In 2021, they had 290 R&D collaborations and filed 820 new patents. +* According to their research, BASF holds top three market positions in 80% of their business areas. + +# Financials + +* BASF has seen revenue growth of 11% p.a. (2018 to Jun-22 LTM). Most of this growth is due to significantly higher prices in 2021 and 2022 and slightly higher volume in 2021. +* EBITDA margins have averaged 14% over the last four years. +* 67% of sales are generated in North America and Europe with 15% CAGR (2019 to Jun-22 LTM) +* 26% of sales are generated in APAC with 20% CAGR (2019 to Jun-22 LTM) +* 7% of sales are generated in RoW with 6% CAGR (2019 to Jun-22 LTM) +* BASF spent €3.8bn on natural gas in Europe as of Jun-22 LTM. This is +600% higher compared to the €0.5bn in 2020 and 160% higher compared to the €2bn in 2021. +* The company has net debt of €32bn (0.9x of current market cap of €36bn and 2.6x of Jun-22 LTM EBITDA of €12bn). +* The company announced a €3bn share buyback until Dec-22. €1.1bn have been repurchased as of Jun-22. + +# Business units + +**Surface technologies** + +* Sales of €21.7bn, EBITDA of €1.1bn (margin of 5%), and R&D of €296m (1.4% of revenue). +* “Surface technologies” produces chemicals to treat surfaces for the catalysts/coatings/battery materials sectors +* Exemplary products are automotive catalysts, battery materials, coatings for automotive applications, and decorative paints. +* In this segment, BASF plans to push more into the battery materials sector. An interesting initiative is the recycling of batteries to reuse the raw materials. + +**Materials** + +* Sales of €17.7bn, EBITDA of €3.2bn (margin of 28%), and R&D of €193m (1.1% of revenue). +* “Materials” produces plastics and monomers (ammonia, chlorine, and resins). +* BASF’s key success factors are the more sustainable production process, the simulation of plastic properties, and the individualized products and services. + +**Chemicals** + +* Sales of €15.8bn, EBITDA of €3.9bn (margin of 24%), and R&D of €97m (0.6% of revenue). +* “Chemicals” produces basic chemicals that the other business units and third-party customers use to develop higher value-added products. +* BASF’s key success factors are economies of scale and the more efficient use of raw materials and energy. + +**Agricultural solutions** + +* Sales of €9.2bn, EBITDA of €1.6bn (margin of 18%), and R&D of €904m (9.8% of revenue). +* “Agricultural solutions” produces seeds, crop protection, and digital solutions for farmers. + +**Industrial solutions** + +* Sales of €9.5bn, EBITDA of €1.4bn (margin of 15%), and R&D of €175m (1.8% of revenue). +* “Industrial solutions” produces materials for industrial applications, fuels and lubricants, paints and coatings, electronic materials, and plastic additives. +* Exemplary products are dispersions and resins, brake fluids, engine coolants, antioxidants, and chemicals for the oil/gas/metal extraction. +* Here, BASF focuses on long-term partnerships with customers. + +**Nutrition and care** + +* Sales of €7.4bn, EBITDA of €1.0bn (margin of 14%), and R&D of €172m (2.3% of revenue). +* “Nutrition and care” produces ingredients for consumer products like food supplements and personal care. +* Exemplary products are ingredients for skin and hair cleansing, ingredients for detergents and cleaners, additives (vitamins, enzymes, etc.) for the food industry, synthetic flavors, and pharmaceutical ingredients. +* BASF places a particular focus on bio-based and biodegradable products. + +# Thoughts + +* BASF is still a solid company with consistent margins. +* I tried to justify the current valuation in the Excel model and things (mainly the energy crisis in Europe) have to get quite bad for the current valuation to make sense (but it could still happen). +* I don’t like the massive investments in China. It is the largest market with the highest growth rates but a heavy reliance on China can backfire quickly. +* I do like that BASF is really thinking about their energy supply and that they try to diversify their sources. +* In terms of revenue growth, BASF’s push into battery materials and the circular economy make sense but sales will still be heavily reliant on the automotive industry. +* Here the link to the Excel model: [https://docs.google.com/spreadsheets/d/1Vtuws3FTxsic8MmifdLtAoWHPY7RttZkHESxdYNYpZM/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1Vtuws3FTxsic8MmifdLtAoWHPY7RttZkHESxdYNYpZM/edit?usp=sharing) +The newest Berkshire Hathaway director, son of long-time director and Warren Buffett friend Thomas Murphy Sr., makes his initial statement of beneficial ownership of securities: + +[https://www.sec.gov/Archives/edgar/data/1067983/000089924322039517/xslF345X02/doc3.xml](https://www.sec.gov/Archives/edgar/data/1067983/000089924322039517/xslF345X02/doc3.xml) +We're all aware of growing inflation and increasing cost of living. I thought it would be good to share how people are reducing their spending. + +I have been preparing meals in advance to avoid wasting food and prevent me from buying food when out of the house. I have also looked at my recurring bills, to make sure I'm paying the cheapest price. +Taken from the Guardian article: + +https://www.theguardian.com/australia-news/2020/mar/20/australian-housing-market-will-hit-the-wall-in-coronavirus-recession-experts-say + + +Something myself and my partner have been wondering is what direction the market is going and there's obviously been a few posts and comments discussing this on here, and probably will be for some time. + +One of the things I can't figure out though is the article mentions that Melbourne's auction clearance rate was 65.6% on the weekend yet the REA auction report has it at 74%. How can there be such a large discrepancy? +I've been working odd jobs for about a few weeks now trying to save up in order to move out from my abusive family, yesterday I found a good deal on a bunch of textbooks and immediately contacted the seller to try and buy it. Me being naive and stupid didn't think twice about sending the payment because according to the guy's Facebook he lives near my area and we have a few mutual friends. After that, the guy didn't respond to my messages and I knew immediately that I just fucked up. I started hyperventilating and crying and I couldn't even eat. I just tried to sleep the rest of the day away. + +I was scammed for exactly 41.89 USD, I know that may not seem like much to some but I'm a high school student living in a third world country trying to survive on his own. That 41.89 USD is a semester's worth of tuition and 2 months' worth of food and water. I don't know how I can earn that kind of money back. I just feel so stupid and worthless, and just wanted to vent out. I should've known better, I should've known it was too good to be true but I was blinded by the price. I am so fucking stupid. +I don’t agree with the notion that you have to pretend you’re middle class so that children don’t grow up spoiled. Lying to get a result is actually a very narcissistic way of living life, and searching up “how is growing up rich like” shows many personal accounts of children resenting their parents for gaslighting them all those years. + +You can teach values such as gratitude, diligence, respect, and humbleness without subjecting them to a middle class life. If you think otherwise, that you’d have to resort to manipulation, how much do you really respect your children? People learn from experience, but better than that, we’re able to learn without necessarily experiencing it. Hyperbole: We don’t need to experience murder to know it’s bad. + +I think it’s way more mature to raise children by saying: “yes, we have money, but that doesn’t mean we buy everything we want.” than lying “we’re too poor to afford that.” which is equivalent to making excuses. By explaining things like to an adult, you’re also able to teach them lessons like why being responsible with money is important, because they’ll inevitably ask “why?” +Some of you might remember my first post here: [My Sorta fat FIRE journey](https://www.reddit.com/r/fatFIRE/comments/f012lk/my_sortafatfire_journey/). This post is another check-in that's as much about me articulating my thoughts as anything else. + +I wrote that first post just about a month ago and was feeling pretty optimistic about life. I was almost feeling wealthy, actually. I watched my NW number grow to something pretty cool and declared to the family that if it hit eight digits, I'd treat myself to a McLaren level indulgence. + +Hahahaha...hah. Ha...<sob> + +Managing cashflow in this new "retired" life is interesting. I did a quarterly sell to fund household expenses on March 1st - thank goodness. I also have $250k in cash I keep parked in my rainy day fund. + +So, March 1st hits and I have roughly one quarter's worth of cash in the checking account (plus the emergency fund). I also make about $2000/month in dividends, but those pay out somewhat erratically. + +Unfortunately, right as the stock market fell apart (the hit to the S&P was magnified a bit due to my over-concentration in tech stocks) , Tesla called to tell me they'd like to deliver my new car (replacing my current one, which goes off-lease in a few weeks) and my preliminary take on our taxes showed that I need to produce mid-five-figures to keep the IRS happy. So, uh, yah, March 10 hits and I'd sure like to get my hands on...$120k? Yikes. + +My original plan had been to make an additional stock sell - but by mid March, we were down about 35% and I really, really didn't want to have to let go of fantastic shares at such a low price. So, I pulled a loan for the Tesla (I actually pulled three, because no one could get the paperwork done on time during the virus quarantine) - $50k @ 2.7%. I could have - and probably should have - postponed the car delivery, but...yah, that's just not my way. I do not define a new car as an event worthy of tapping the emergency fund, though. + +I also activated a line of credit against a brokerage account to give me access to another $75k @ 4.5% if I need it (for taxes, say). I'm tempted to pull that money now and just sit on it...against the fear that I might not be able to do that if the credit markets get ugly. On the other hand, I have other piles I could rob if I needed, I suppose. We're not spending any other money, really, as we all slowly go stir crazy here in California...so that's good. This is definitely a time when I would say we should actively cut our spending to conserve cash. + +I'm obviously nervous about cash. With no salary coming in, I'm at the (or perhaps just past) my comfort level with exposure to losses and I, like everyone else, am wondering how bad this will get. I figure, if we needed to, between cash on hand, emergency funds, and investment income (modest though it may be), we could get by for a couple of years if we had to before being forced to go back to selling stuff. + +I do dearly wish I had purchased that house in the mountains. Not so much because I want to be there now (I do), but because that transaction would have pushed me to "take chips off the table" in terms of my stock concentration. Right now - after the collapse in prices, I can't imagine wanting to take much out for that other property. I'm also really happy we didn't buy the multi unit property on Maui that would have required a healthy stream of rental customers to keep from being a financial black hole. Ah, well, maybe another time... + +I guess the lesson here is to not neglect your emergency funds. Run through scenarios in your head where you ask "what happens if these accounts are (in effect) illiquid at the worst possible time?" I think I got caught out a little bit (with two large expenses and a quarterly sell landing right as the market fell apart), but it's not a catastrophe yet. +There’s something encoded on the back of this NFT GameStop created! https://nft.gamestop.com/token/0x0c589fcd20f99a4a1fe031f50079cfc630015184/0x8a1967f5f93da038ad570a5244879031d010b8efa5c95eadcdf7df0f8cfbd25c +Let me start by saying that I know this is such a non-issue, especially in today’s climate but I’m having a bit of existential crisis, maybe it’s the lockdown. + +I have just finished my degree at 29. I have been with my partner a few years and we would like to start a family, not right away, but I feel my clock is ticking, especially if want to give my child a sibling. + +I have a job in the sector but I will need to work for a few years to get to where I want to be, and I chose it due to the high earning potential. But that means taking maternity leave when I hardly know what I am even doing yet, which will undoubtedly set me back in my career, before I have really even started. I also won’t reach the high salary that I spent the past years studying for. + +So then I’m thinking wait a few years and get more set up in my career, but then I’m running the risk of fertility issues. + +I don’t know, I just wanted to get this off my chest, my friends have been working for years so they don’t understand. I was wondering if any women (or men) have found themselves in similar situations? Is anyone else feeling the pressure to settle down before they are ready? Can anyone shed a light on what its like returing to work after maternity leave. + +\*\*Edit: Thnak you everyone for the replies, its comforting to know that I am not the only one in this situation. As a few commenters noted its best to decide whats most important in life, career or family. I do want a family more so I will be discussing this with my parnter. Another user also said that I will have another 30 years to build on my career, this also put things into perspective for me. + +Thank you all again, you have honestly made me feel better! +**Announcement on BAT:** [https://basicattentiontoken.org/brave\-users\-get\-rewarded\-to\-browse/](https://basicattentiontoken.org/brave-users-get-rewarded-to-browse/) + +**Announcement on Brave:** [https://brave.com/brave\-users\-get\-rewarded\-to\-browse/](https://brave.com/brave-users-get-rewarded-to-browse/) + +# Brave launches $500,000 BAT giveaway per month for browser users, alongside monthly payments to Brave Publishers + +Today, we are starting a monthly giveaway of about 500,000 USD in promotional Basic Attention Tokens (BAT) to Brave desktop browser users on a first come, first serve basis. The new BAT grant program gives users approximately 5 USD in promotional BAT. The grants, which must be used for the benefit of content creators within 90 days, come from the User Growth Pool (UGP), a fund of 300 million tokens set up to give users and publishers an incentive to join the BAT platform. + +Users can claim the grants via a notification they will receive or by checking the status of the integrated Payments settings or preferences panel in the latest Brave browser (version 0.22.727). The grants can be used to support users’ favorite sites, YouTube channels, and Twitch streamers. + +Brave currently has 2.7 million monthly active users. With regular BAT grants that reward them for browsing with Brave, we expect more people to adopt the Brave browser as they see the benefits of its speed, privacy, and integrated wallet capable of supporting content creators. + +Over 16,000 creators (including YouTube and Twitch accounts) have joined the [Brave Publishers](https://publishers.basicattentiontoken.org/) program. The over 11,000 YouTube channels together have in excess of 200 million subscribers. Monthly BAT payments to creators come from two sources: user donations and the [creator referral program](https://brave.com/refer). + +Brave users donate to creators with BAT they purchase and load into Brave Payments, or that are gifted to them from BAT grants. Previously, $1M equivalent in BAT was [allocated](https://basicattentiontoken.org/million-dollars-paid-out/) to creators from BAT originally gifted from the UGP in January 2018 to Brave users. + +There are also over 7,700 creators currently participating in the ongoing Brave [referral](https://brave.com/refer) program, earning approximately $5 in tokens for each user they bring to the Brave browser. We recently [distributed](https://brave.com/million-dollar-distribution/) the first part of the referral program directly to online publishers and content creators, as part of our monthly transfer of earned BAT. If you are a creator who participates in this referral program, you can check your [Brave Payments](https://publishers.basicattentiontoken.org/) balance and collect your BAT today. If you are not currently enrolled, you can still join as BAT awards are still available. + +We instituted fraud\-prevention measures as we have expanded BAT rewards. For the past 6 months, as we increased user growth pool grants, we applied activity detection models to uncover suspicious activities. Early development involved human review, which eventually got codified. This enabled us to identify fraudulent accounts before making settlements. Regarding suspicious account owners who had reached out to our community support and publisher support teams to dispute findings, we engaged with them and were able to determine if they had legitimate claims. As we start automating our monthly grant and settlement processes, we are scaling those findings and will be able to automatically suspend accounts with suspicious activities. Owners of such accounts can still reach us to discuss conclusions via our [support email](mailto:support+publishers@basicattentiontoken.org). + +We have also improved the Brave Payments process for creators by working with our partner Uphold to eliminate dormancy fees for accounts and compensate account holders for any such fees that may have been charged. + +We look forward to this uniform monthly payment system to benefit users of the BAT platform and contribute to publisher revenue, at a time when many are challenged to fund their creative efforts. Brave browser users will soon also be able to opt in to view private ads and receive 70&#37; of the associated ad revenue. By rewarding users and creators while respecting privacy, BAT’s utility increases.   + +*Note: The tokens for user grants and the referral program are released from the BAT User Growth Pool (UGP), which was created prior to the sale of the 1 billion tokens in May 2017. The UGP consists of 300 million tokens (plus reserves), set aside to give users an incentive to join the Brave platform. We anticipate distributing promotional BAT monthly to current and new Brave\-verified publishers. The approximate 5 USD worth of promotional BAT was set at the time of this announcement. We will try to maintain the grants as close to 5 USD as possible, but some variation will occur.* +Everyone knows the market is rigged, but I think I've figured out a way to beat it. + +First off, you need to change your career. If you're fortunate enough to not be living off chicken tendies in your mom's basement, you are either gainfully employed, or have some crappy job in retail. Either way, you need to adjust. For the former, you will have to downgrade your career, and for the latter you are probably SOL either way so maybe stop reading now. + +Now you need to become a teacher. But not just any teacher. You need to get into a nice Manhattan private school at around grades 5 through 8. Now once you're teaching these little rich kids Social Studies or what have you, you introduce the "stock market" game. We've all heard of it or done it when we were kids in school. You give the kids paper trading accounts, and whoever has the most money after a few months, wins. + +Now the catch is that they all have hedge fund mommy and daddys that will be giving them sick stock tips so they win the candy jar at the end of the game. Now you take these stock tips from your students and fully leverage that on options with your measly teaching salary. + +And that is how you beat the market. +I am starting to dabble in the stock market, nothing major, mostly just doing things without money right now, researching companies, learning how things work etc. I know there is a lot of talk about passive investing like ETF's etc which I actually have done already somewhat with my TFSA(at least part of it) + +However, I do have some interest in the market itself. I am sure many will say don't do it , stick to passive investing, less risk etc but putting some money into it I am interested in doing so. + +I was curious on what you guys do for your researching? I have noticed a lot putting in company names, stock name etc on Google there first 20 results that come up are usually under the AD Category meaning what you are reading someone paid Google to put higher in the rankings so it is hard to consider what is and is not legit up there and even then it is usually people's opinions of course. + +Reading the companies reports, researching their competition, there history of growth, management team, if the company themselves are purchasing their own stocks etc etc + +Just looking at perhaps some tips for a rookie on how the more seasoned investors might do research on things. + +Also, any tips on learning the stock market better is also useful, sure there are a billion youtube videos out there on how to make billions but weeding out what is good and what is not. + +So in a nutshell of my rambling + +1. Research tips before you buy stocks +2. Tips of learning the stock market + +Thanks all +Tuesday is the day. After many months of investor buildup, Apple is finally about to unveil the first generation of 5G iPhones, which likely will be called iPhone 12. + +The details have been widely leaked. Apple  (ticker: AAPL) is expected to unveil four models. Here’s how Raymond James analyst Chris Caso laid it out in a research note last month: + +• iPhone 12, with a 5.4-inch screen, priced at $699 + +• iPhone 12 Max, with a 6.1-inch screen, priced at $799 + +• iPhone 12 Pro, also with a 6.1-inch screen, plus higher end cameras, priced at $999 + +• iPhone 12 Pro Max, with a 6.6-inch screen, priced at $1,099 + +There is also some speculation about new Apple-branded over-the-ear headphones called AirPods Studio, and perhaps a new product for tracking things with Bluetooth called AirTags. But there’s no question that this event is all about the iPhone, and the expectations are sky high. + +Wedbush analyst Daniel Ives writes this morning that this will be the most important Apple iPhone product cycle since the iPhone 6 in 2014. That time, Apple finally moved beyond 4-inch displays—the iPhone 6 was 4.7 inches and the beloved iPhone 6s a whopping 5.5 inches. + +All of the new phones will run on 5G networks. (No coincidence that the tag line for the event is “Hi, Speed.”) Ives notes that the Pro versions are expected to have Lidar sensor technology, useful for augmented reality applications, as well as enhanced rear-camera technology. Ives expects preorders to kick off in a few weeks, with two of the models shipping later this month and the other two in mid-to-late November. + +Ives says the U.S. version of the phones will be capable of accessing speedy millimeter wave version of 5G, which he thinks “could be a game changer looking ahead as more infrastructure, technology and apps are built around this transformational 5G highway over the coming years.” + +Ives is particular bullish on the prospect for the new phones in China—he thinks the country will account for 20% of upgrades over the coming year. + +“With 5G now in the cards and roughly 40% of [the]...iPhone installed base not upgrading their phones in the last 3.5 years, [Apple CEO Tim] Cook & Co. have the stage set for a supercycle 5G product release, which should drive shares further,” he writes. “Although the soft macro and Covid backdrop will clearly dent some demand, we believe the underlying growth drivers for iPhone 12 success are unparalleled for Cupertino.” + +Ives maintains his Outperform rating and $150 price target. + +Meanwhile, RBC Capital analyst Robert Muller on Monday repeated his Outperform rating, while lifting his price target on Apple stock to $132 from $111. Muller writes that he thinks the new iPhone lineup will “kick off a significant replacement cycle which we believe will be a multiyear process as new applications and spectrum become available over time.” + +Muller is also bullish about Apple’s push into the fitness category with the pending launch of the Fitness+ service. “We view Apple’s upcoming Fitness+ offering as a worthwhile competitor within the Health and Wellness category, and expect the service will benefit from pandemic-related at-home spending trends,” he writes. “In addition to meaningful revenue/EPS contribution, we expect notable synergy opportunities across Watch/TV/iPad/Services and view the offering as one more way that Apple can drive customer loyalty and, importantly, repeat purchases.” + +Assuming a 20% adoption rate by Apple Watch customers, Muller estimates that Fitness+ could generate $3 billion in annual revenue by 2022. “Our revenue estimates are stand-alone for Fitness+; however, Apple Watch is a requirement and unit sales could benefit from interest in Fitness+,” he writes. “In total, we view Fitness+ as an ideal candidate to drive additional Apple-related spend and, importantly, keep customers more engaged and immersed within the Apple ecosystem, which should drive future iPhone sales.” + +Source: Barron's + +Thanks for the awards. +Hello, my dear Ape friends. + +I'm an europoor who works in international logistics. I'm writing this post to let the world know what I see. Because I'm scared as fuck. + +From what my wrinkles says to me there's coming a huge crash in global economy. I think that the people who works in international logistics has a privileged position in terms to know what is happening around the world. Because when something occurs, does not matter the reason, the first affected sector is the local logistics and inmediately after that the international logistics. + +So, these are my toughts from what I see on my work, as always this is not a financial blah blah. Let's start from a global perspective which starts from China: + +Whe we talk about international logistics we always think in planes and ship transport. Yeah, it's true, but it also exists the railway transport. But you do now what is the same between the railway and sea transport? We do use the same base unit cargo: containers. + +Like lot of you knows there are a lot of types of cargo containers: 20', 40' 40'HC, etc... The containers normally are measured in TEU (Twenty-foot Equivalent Unit), so a 20' is a 1 TEU, a 40' is 2 TEU... Easy, right? + +I will do not search for you in google, but you can find easily info for your own reasearch about what I'm explaining here. + +China is THE monster on TEU movement. It almost cuadruplicates the second one country in TEU movement. It's crazy how China is the engine on the world. Anyway, we have a problem. A real huge problem. What happens when the most productive country in the world, used to move, by example, 100 teus a day (fictional data) because they produce goods to fill 101 teus a day (also fictional data) starts to produce goods to fill 10 TEUs and moves 10 TEUs(fictional data too)? It produces a huge (very huge) shortage on TEUS. What we're exactly living now. + +China has allmost all of their production stopped/paused/lowered by several reasons: Lack of raw material, COVID related (Ningbo-Zhoushan, the third port of the country was closed 2 weeks because of a single positive), or even related to local economy. So, all containers that enters China are beeing difficult to be loaded, and then transported by ship to other countries, provoking the shortage of containers. + +And with demand, costs increases: before pandemic a forfait from USA - CHINA was 1.000$ aprox now is 10.000$ even 15.000$ depending on the SSLINE. + +So, we don't have enough containers for the rest of the world... ¿Why do we do not create more? To fabric a container is not easy. Not everone fabrics it because there are a lot of regulations to pass and actually they are very expensive (because demand is very high) and the fullfillment of an order takes between 3-6 months. + +BUT, this is not all fault from China and if you think open minded you will understand why. As on every sector there are interests. And... When your incomes increases a 600% in two years what you should do? Increase your fleet, provide more vessel options and alliviate the shortage of containers creating more routes? Or maintain the same routes, increase forfaits, add surcharges to specific types of containers, stop the fabrication of super vessels (Ever Given kind of with 20.124 TEUs) and profit from the situation? + +I let you to guess what the SSLINEs opted to. + + +What about the old continent? + +* UK: From the reports from my colleagues and friends I think they have one of the most complicated situations in the last 50 years. They have almost no oil, no inland transporters, scarcety on first need products and the immigrations nowadays is nearly null. Also they are starting to show inflation signals. Actually the situation will be very hard to revert: The low imports that enter in the country are very difficult to deliver to store/warehouses/fabrics due to lack of transporters which causes increases on costs. Also, this increase is repercuted on final product price. And the export works in the same way: low inland transport availability = tranport price scalates = final product rises. So think what would happen if by example, a company buys cotton from Egypt to fabric shirts on UK and sell them to USA: Costs increased by Sea transport and inland transport from EGYTP - U.K. port - Fabric. Costs increased by sea transport from Fabric - U.K. port - USA. Do you know who will assume these extra cost? You sure know. + +And take note that, thanks to brexit, they have to do customs clearance with everything was clearance free coming from Europe. Also this increased the costs, and the Eurotunnel (the only road/ train connection between Europe and UK) has been with queues of more than 5 hous due to customs process. Insane. Because this... yes, this also increases the costs. + + +* Spain: I'm a Spaniard. And is a very shit time to live in Spain. I'm seeing final products that increases their costs because of the electricity bill. Because, why not, when almost every company has a worker telecommuting on his house, the bill is up almost 35% in less a year to fuck us even more. There are enterprises who opted to close mid day to avoid huge bills (ARCELORMITTAL)... Do not forget we have a forecast to be on shortage of transporters in 2-3 years. And Our official inflation figures are highly short compared to real world and we're changing the way our government will charge us the tax for our homes to a more expensive one. We're screwed as fuck and we still don't know how much. +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! + +FUCKING THINK ABOUT WHAT KIND OF A STATEMENT THAT IS, TO USE MOST OF HIS PROFITS AS A MAN THAT WAS NOT RICH BEFORE ALL OF THIS AND TO USE THE MAJORITY OF HIS MONEY TO FUCKING SCREAM AT EVERY ONE OF US IN THE ONLY WAY HE CAN.. “HODL!!!!” + +I’ve been with this whole thing since first gamma squeeze 4 months ago, I’m an ape holding a sexy amount of shares but listen.. throughout this whole thing DFV has been a god damn messiah of the people. He has continued to be a light that people have confidence in. JUST KNOW THAT THE GOOD DD IS RIGHT. WHEN EVERYONE IN THE MSM WONT SHUT THE FUCK UP ABOUT US BEING “WRONG”, its because we’re right :) msm doesn’t have your best interest in mind, this hive of 200k minds in a sub has your best interest. We weed out the bs and shed light on the good holy DD that stands true + +This ain’t financial advice, I pack the green crayons in my lunchbox everyday + +Tits are jacked, pants full of precum and I’m strapped the fuck in 🚀🚀🚀🚀🚀🚀💎🙌🏻 + +Edit: I am in no way saying DFV is “our leader” just that he is a guy who stands for what he believes in and the man has some god damn leviathan balls +I am planning in the next year or two to buy a home in my home state and rent it out. + +People tell me I need 20K deposit, but I know it's not that simple. + +I'm thinking since I'm renting out of state I don't want a home that I have to repair. I also would need a 20% deposit to secure a home from other bidders, as time won't be on my side (as I have to fly in and out of state). + +Then I'm going to assume it will take 3 months to find a tenant. + +Would 50k saved up be a good safety measure? Does this sound reasonable? + +I live in the southwest and I don't think buying property here for an investment is a good idea, so that's why I am buying out of state. I've never done this but my mind is set on doing this, any advice would be helpful. +I'll start by saying I think Zestimates got fairly accurate through the last 2 years as Zillow became a licensed broker in more States and thus got real MLS data. However, it seems they are still projecting massive YoY price appreciations. I think anyone looking at their local markets right now can see that the cheap capital is drying up. I won't go as far to say we should expect a major fall in home prices, but projecting double digit appreciation just seems to defy the fundamental rule of asset valuations (i.e., Don't Fight the Fed!). +I recently inherited a little over a million dollars and am looking to invest in real estate for a passive income. Which city and property type would provide the best return for the money I have to spend? I currently live in LA but realize this amount would do little here. I am familiar with and have lived in the cities of Chicago and Atlanta, so I would be most comfortable investing there. + + +Hey guys so I’ve been lurking for a while and I really like what I’ve learned here and they at strategies have been some of my favorites. Just curious if people use this as a second source of income and if so any tips or pointers? + +I don’t plan on leaving my job but am looking to get some extra spending money each month and don’t want to get a second job lol. + +Just for context ive been mostly selling covered calls on stocks I own and returns have been decent but have been moving those funds into other positions and am thinking about just pocketing the premium. + +Any thoughts? +I grew up extremely poor, like below federal poverty level. Every christmas was my biggest fear because it always hurts me. I always saw everyone getting presents and gifts. I hated when my classmates asked me what I got for Christmas. I wished people would understand that not everyone has money to buy presents for their kids. + +I worked hard in school and have a job that makes over 6 figures now. I'm happy with my financial situation. I'm able to give my younger siblings what I didn't receive. However, christmas season always brings back bad memories. It's these memories that will never disappear in life. +[Check out this DD](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/gnnmckh/)!!! It keeps getting auto-m0dd3d. S3 and the big HFs playing dirty with our GameStonk. + +Links for most of the info are [HERE](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/gnoi66d/). Can't get them to stick anywhere else. + +Edit: I am not a financial or legal advisor, and I can't even read. Don't listen to me. +I work in the asset management industry and I started hodling ETH around $50s so I'm a latecomer to say the least. I got into cryptos because we got wind of folks dealing in blockchains and such. Like for most people bitcoin was perhaps the first gateway drug into cryptos, but I never took the plunge until I heard the simple pitch about ethereum. Decentralized virtual server on blockchain, I am sold. I'm a young person and I'd say more than half of my liquid worth is in ETH. We are researching for ways to invest institutional money in this space and though the concept of cryptos, ICOs, tokens seem intuitively seductive for someone more attuned with technology and I personally done a fair bit of programming in my life, I struggle to see the fundamental value underlying ETH. + +My financial training separates the world of financial goods into currencies and assets. Currency is a storage of value and assets entail future benefits, most likely economic. I am still learning, and I see great potential for the Ethereum blockchain, I still don't see how the evolution of the Ethereum blockchain drives the price of ether. I'd dare to say that if there's no fundamental driver, then value is mostly future expectation for some kind of value realization in the future -- more bluntly, hype. + +One concession I'd make is that ETH is then seen as a storage of value like a currency. Currently one use of the currency is acquiring items and services that could only be accessed through ETH payments. The top example, of which I am aware that could be a driver for more adoption of people in to the ecosystem, being access to ICO. Seed stage financing access with an active secondary market is probably one of the most exciting financial innovations we have seen, in spite of the incoming mountains regulatory roadblocks. + +So what is left? Why does more people and more frequent usage of the Ethereum blockchain drives ETH prices? Gas is actively charged as a toll for using the system. ETH could be argued to become more available because as more people use the blockchain cost of access would increase. However, with things like Raiden and proof of stake up and coming, the burden on the system of each transaction become significant less. In some sense this fundamental value of ETH will also disappear. + +Maybe I feel like I wrote a rambling post. I've only been in the crypto world for less than a month. It's been an exciting ride and I love the technology and would love to dig deeper as each day goes on. Meanwhile, I'd love to introduce this concept to my senior colleagues who have spent their lives valuing companies and deals, which real cash flow and value. If you have thought about similar ideas or could point me in the right direction, would love to see what you think about regarding some of these issues. + +Thanks + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +The chief executive officer of Canadian Imperial Bank of Commerce says the bank has no plans to cut its dividend as a result of the COVID-19 pandemic. + +“Our goal is to make sure that those dividends are flowing,” Victor Dodig told BNN Bloomberg’s Jon Erlichman in an interview Tuesday, noting the bank has never cut its payout to shareholders. + +“The Canadian banking sector is incredibly well-capitalized. We’ve worked with the Bank of Canada, the department of finance, and our regulator to make sure that we have all the tools in place, to ensure that credit is moving to businesses.” + +The Office of the Superintendent of Financial Institutions (OSFI) has told banks not to increase dividends or offer share buybacks during this period, which Dodig said is “completely understandable.” On Feb. 26, CIBC raised its quarterly dividend to $1.46 per share, effective with the payment on Apr. 28. As of late Tuesday morning, CIBC’s dividend yield was 7.17 per cent. + +“I’d say one thing that’s incredibly important: the Canadian investors that invest in our banks rely on those dividends for income,” he added. “And every source of reliable income that we can provide to Canadians – and Americans, and our other shareholders that are investing in our banks – is incredibly important in this moment in time where cash flow reduces anxiety.” + +Dodig said CIBC is solely focused right now on helping its clients and employees navigate through the financial turmoil brought on by the virus. + +“We sense the anxiety that’s out there from our personal clients, our business clients, our corporate and commercial clients,” Dodig said. “And what we are doing is putting them front-and-centre and doing everything that we can possibly do in this very uniquely challenging time.” + +“This is our moment of truth.” + +https://www.bnnbloomberg.ca/no-dividend-cuts-as-reliable-income-incredibly-important-amid-pandemic-cibc-ceo-1.1415206 +TLDR: Don’t do business with Wells Fargo, ever. +Followup: I opened a CFPB complaint just so the matter can be looked at thoroughly. If they find no fault with the bank then so be it. + +I recently purchased a home through a local bank. I had used them previously with no issues and the rates were competitive. Everything went smoothly until it was time to fund the loan. Here is what happened: + +Closing is scheduled for Monday. I do the walkthrough Monday morning and sit down to sign all paperwork at the Title Company. Everything is signed, funds are wired and I receive the keys. + +I receive a phone call and email Monday evening after I leave work (can’t have my phone at work) stating that the bank is refusing the fund the loan. Apparently there was a mistake made on the closing disclosure and they require additional 1,700 wired to them. + +I immediately escalate to the Branch Manager after speaking to my Loan Officer who confirms the bank made a mistake on the closing disclosure but they will not fund the loan until they receive additional funds. + +The Branch Manager essentially said wire the difference or they won’t fund the loan and I’ll lose my EMD of 10K on the property and the property itself. + +So I was forced to wire the difference and sign an updated closing disclosure. Any thoughts on options of recourse on this? + +My realtor said they had never seen this in 20 years and we pushed back on signing an amended CD for several days but ultimately the EMD was at stake so I didn’t have a choice. + +Legally I feel as though the bank should be held responsible for its mistake considering they sent over incorrect paperwork, made multiple threats to defund the loan, etc. Am I being unreasonable? + +Edit More Info 1: The fee is question is a broker credit to me from my realtor. The bank accidentally doubled that credit. However, somehow when they doubled that credit it didn't show up as two separate line items. + +I think they "accidentally" rolled 1700 into another miscellaneous category and then made a separate line item for the actual 1700 which is why I thought everything was correct based on reviewing one line at a time. + +Edit More Info 2: I believe based on speaking to the bank, the error was caught at the "balancing" phase of the loan just before disbursement to "fund" the loan. + +Edit More Info 3: Lender in question was Wells Fargo. So steer clear, though most people already seem to based on similar past negative experiences. +I don't have enough to be a millionaire any time soon, so financially, my day-to-day is pretty much the same, except for a trip I paid partly for with a few ETH. + +Psychologically though, I realized I feel much more secure about my wealth and future in ways that I have never felt about dollars. I'm by no means a fiat-hating anarcho capitalist, but I look at my 401k and keep thinking it's a big setup. Keep putting in money and trust the financial system. I have no choice so I do. It's always felt tenuous like an agreement sealed by a feeble handshake. And then I look at my small ETH stash by comparison, and I get filled with unreasonable, undiluted glee. Yes, it's this crazy lucky charms internet money with insane volatility, but *it has all the right reasons*. + +I wake up every single day excited to see what's new; nothing has kept up my interest for so long and so consistently. +I've been holding through the highs and lows and I just love Mondays when all the other holders come back from the silence of the weekend with optimism, new memes and extra money they've borrowed off their wifes boyfriend to buy more shares! + +They said it wouldn't happen once... +IT DID! + +They said it go over $50 again... +IT DID! + +They said the shorts where covered... +THEY WERNT + +Its almost as if the professionals, aren't that professional after all.... + +Read the various DD out there, don't pay attention to the news. Form your own opinion because if we have learnt anything so far its that crayon eaters are more accurate than experts! + +Have a fun week and only spend what you can afford to lose. + +This is not financial advise, I honestly just sat on my phone and it typed this. +I’m debating taking a new job in my field for a significant pay raise. Help! + +Current situation: +Sales/Relationship management role at a “top tier” Asset Management firm (15+ years industry experience). Have steadily moved up the corporate ladder over the last 10+ years at the same company and promoted to highest corporate title (outside of C-Suite) last year. There is no risk of my company being acquired or going away, and could likely stay in the role another 10yrs - at which time I’ll almost be 50 and next man up. + +My pay has continued to grind up: +Total Comp this year should be ~$800k (cash + RSU) and my role will likely top out at around $1.0 to $1.1M. + +New Opportunity: +I’m being recruited to do my similar role at a “competing” firm for a significant pay jump. I’ve negotiated a two year guarantee of $1.5M/yr (all cash) and a buy out of my deferred equity (i.e. unvested RSUs) which is about $400k. This is near the top of the pay scale for my role in the industry. + +This new firm/role would be at a smaller company known to be a very competitive culture. + +Should I stay or should I go? + +On paper, the jump for the additional pay seems like a no brainer. Though, I’ve worked incredibly hard to get to where I am now (which I guess is now providing me with the new opportunity in the first place) and really like my manager / company culture. I’m confident in my skill set succeed at the new company, but the pressure will be high. Though, the name/brand is well known and will be a resume enhancer. + +The grass isn’t always greener, but at a certain price point it just makes too much sense (I think). +Been super busy with work all day so it’s going to be a shorter analysis. It’s Friday. Volume is always weaker and volatility down. Most names were tight. In fact I remember watching my watchlist around 1pm and absolutely nothing was moving. There were some out of the gate bounces but outside of first hour there wasn’t much to note. + +**Energy and Oil Companies** - MEG Energy Corp, Crescent Point Energy, Cenovus Energy, CDN Natural Resources, Suncor Energy, Enbridge, Teck Resources Limited, Husky Energy + +Oil and futures were green and pretty much all the energy and oil names on my list were green too. Makes sense. So where do we go from here? [Here is the 3 hour chart for USOil]( https://www.tradingview.com/x/HeBrAJ7u/) for which I have a H&S pattern on watch. I have been told my H&S patterns are never ‘to the definition’ but it still acts as a good line. Basically you have a base line where the left shoulder and head form and then you break bearish on the right shoulder. People can argue about how much higher the head needs to be compared to the shoulder or how many candles negates it, but for me, if it looks close enough to one and has that bottom base, I consider it a H&S and put it on watch. If it breaks (and futures show weakness), we should get the pullback on some of these names that I would expect (given how much they have run recently). + +**Gold Miners** - Kirkland Lake Gold, Kinross Gold, Barrick Gold, Eldorado Gold, IAMGOLD, B2Gold, Yamana Gold, OceanGold. + +[Talk about a resistance fail]( https://www.tradingview.com/x/hLkqmeYo/). Tested the high of yesterday multiple times between 5am and 7am but could not break. After the rejections it was just a pullback all day. [Again no red flags as we just keep daily equilibrium]( https://www.tradingview.com/x/8WqDdrL3/). Not surprising all the miners pulled back but again, no red flags short term. Just watch for the equilibrium play on gold and the miners will follow. Definitely still have a bullish correlation. + +**Marijuana Stocks** - Canopy, Aphria, Aurora, HEXO, Organigram. Cronos, and some US MSO’s. + +Aphria holders are so funny. I’ve watched it over the past few years and the mental gymnastics done by holders through the short attack, random unnecessary dilution, shady agreements has been outstanding to watch. Today was no different. “They strengthened their position”. Which…I guess they got some debt off the books but they diluted and the price reflected it. To a certain extent that weighed on the Canadian LPs which is why everything was red when most of my watchlist is green. + +**Banks** - BMO, RBC, Scotiabank, CIBC, Manulife, TD + +The banks got a little distance from their recent supports but nothing that is of note. Just take a look at a daily chart and you can see the range has been sideways for most of the week. + +**REITS** - Brookfield, Smartcentres, Riocan, HR Real Estate + +So BPY comes out with financials and confirmation of a $0.3325USD dividend. That was a nice start to the day. Except do you know what it did? [Rejected right off the top of my trendline]( https://www.tradingview.com/x/Kw1NFw8i/). Still, holding $13 for the majority of the day was definitely a win. The rest of the sector also saw the bump. + +**Tech** - SHOP, Lightspeed, Real. OpenText, Kinaxis + +It feels like you could have thrown a dart at any tech name and have profited. What is there to say, all with strong daily uptrends. Even SHOP down today isn’t even an issue if you look at the daily chart. +There are rules of thumb for how much emergency savings you should have based on your expenses, and for how much your mortgage should be, but what about a rule of thumb for preparing for home expenses? Like if the fridge dies or the roof has a problem or you suddenly encounter mold? +So I’m looking to get IRA’s started for both kids. My understanding is they need earned income in order to do this. I was thinking I could set up two cryptocurrency mining rigs, one for each of them and report the earned income for each so that I can start each IRA for them. Is this an actual viable plan? Would it work? + +Trying to get something started for the kiddos. + +Edit: Roth IRA was my goal for clarification! Thanks for all the responses and suggestions +CBOE filed regulatory complaints against Fidelity--through their clearing agent National Financial Services LLC\*\*--on 7/06/21 and 7/07/21, both docketed under star nos. 20180602423, 20190643121, file no. USRI-8957-01. A synopsis of these actions is referenced on pp. 30-31 of the most recent FINRA report ([Consent Orders](https://files.brokercheck.finra.org/firm/firm_13041.pdf)) and also available on CBOE's site. + +In connection with these proceedings, Fidelity concedes or at least does not dispute that it falsified options positions in its reporting to CBOE on 2,332 instances and, further, that it "deleted options positions as of their expiration dates that underwent exercise or assignment, and therefore failed to report reportable options positions in approximately 94,768 instances." + +I inquired with Fidelity about which tickers were involved in the aforesaid acts or omissions, but they quickly removed my posts, citing safe community guidelines. [Link to Fidelity Post #2](https://www.reddit.com/r/fidelityinvestments/comments/pqx6lr/fidelity_recently_consented_to_having_judgment/?utm_source=share&utm_medium=web2x&context=3); [Link to Fidelity Post #1](https://www.reddit.com/r/fidelityinvestments/comments/pqwibm/fidelity_recently_consented_to_having_judgment/?utm_source=share&utm_medium=web2x&context=3) + +I'm posting this here for general community knowledge, visibility, and discussion, and, of course, for further response in the event anyone knows which tickers were involved. Like all of you, I'm particularly interested in GME. + +\*\* National Financial Services ("NFS") is a single-member LLC owned by Fidelity Global Brokerage Group Inc. *See* FINRA report at p. 3. + +Edit: Clarified relationship between NFS and Fidelity +I know, I know- the dates. The dreaded dates. I hate them, too. The endless, fruitless dates. Butt listen: the poop emojis (💩 for reference), the toilets, the butt stuff (looking at you, /u/Criand and countless freaks with a strange fascination for butts, engaging butts, inserting objects and food into butts and itchy buttholes), the “moASS”… Our beloved Chairman has a fascination with butt stuff, too. Take a look below: + +[Poo #1](https://preview.redd.it/lhrgm1rb88981.jpg?width=750&format=pjpg&auto=webp&s=c7f46940ee36dff01731eb308241bcb11632d826) + +[Poo #2. The most important of the five poos, in my opinion. Need more wrinkles on this one, unfortunately.](https://preview.redd.it/o17ebm9ra8981.jpg?width=750&format=pjpg&auto=webp&s=6d64b1a5524b8892a3b443945f0ca965294ad130) + +[Poo #3](https://preview.redd.it/bqduxvrwa8981.jpg?width=750&format=pjpg&auto=webp&s=4893f6d15302cd6c674cc3dd8e56e2991a8c46f1) + +[Butt stuff](https://preview.redd.it/028luf59b8981.jpg?width=750&format=pjpg&auto=webp&s=9760b3d7ce8b1da6adb7efbf9cdde765a6d424ac) + +[Indirect butt stuff](https://preview.redd.it/o7aonman88981.jpg?width=750&format=pjpg&auto=webp&s=d829385e566995d674799871000bcdfc346b3068) + +[Poo #4](https://preview.redd.it/9k5itsndb8981.jpg?width=750&format=pjpg&auto=webp&s=8774f890b93f509c6d3602bcf6c2b7e491155313) + +[Poo #5](https://preview.redd.it/3itvjrdhb8981.jpg?width=750&format=pjpg&auto=webp&s=72d23644d306de986f796fb1a578b99635cb8378) + +An important question must be asked at this crucial junction: what does it mean “to take a number 2”, again? That’s right. To poo. I don’t know why “taking a number two” means “to poo”, but I suspect it has something to do with “rhyming” poo and the number two. Ryan Cohen is a self-proclaimed rappist with a small pp. A “rappist” is a type of musical artist who “rhymes”. Dictionary.com has a great definition of “rhyme” for those who need it. It’s like when two words sound similar or some shit. Anyways, onto more important aspects of this God-Tier DD: + +[He is saying \\"l have a small wee wee\\" backwards](https://preview.redd.it/r7zzip5498981.jpg?width=750&format=pjpg&auto=webp&s=53e7dd7a42f884e1b5611184867a2ece61c8dcd1) + +Now this is the part where it gets a little complicated: the date 2/22/2022 would be poo/ poo poo/ poo poo poo. That is, 1 poo / 2 poo / 3 poo. 1 💩 / 2 💩 / 3 💩. Take a minute so that you can see it for yourself. There is one 2, two 2s, and three 2s. One, two three. But what do we see from the Twitter post that Ryan posted above? He's indicating that we have to read it backwards. 3, 2, 1 you see. Why is 3, 2, 1 relevant? That's the rocket ([🚀](https://emojipedia.org/rocket/) for reference) blast-off sequence for lift-off. nehoc nayr reverse uno: 3 poo /2 poo / 1 poo 0 poo blast off. \*MOASS\* 🚀🚀🚀 (I know this DD is complicated, but I'll elaborate more if needed) + +&#x200B; + +[Oops \*moass\* my bad = \(s\) poo \*moass\* my bad](https://preview.redd.it/bzfp1zoti8981.png?width=1524&format=png&auto=webp&s=78110d3a3135e513475841b22c7044e36607da2d) + +Remember this tweet that was deleted? What's Oops backwards? Spoo. Poo. "My bad for spelling "poo" with an s as the prefix" was the original intention of the writers. + +2/22/2022 falls on a Tuesday. Tuesday. Tues Day. 2s Day. Poos Day. + +741. 7 4 1. The numbers 7 and 1 divided by the number 4. 7+1 = 8. 8 divided by 4? Poo. What do apes do? Fling their poo. At who? Hedgipoos. Why? Because hedgies bad. What happens to hedgies? 💩 hits their office fans. What happens when 💩 hits office fans? According to an experiment by the Mythbusters (solid DD), 💩 multiplies. 💩💩💩💩💩💩. + +Take our lovely catch phrase, "Can't stop, won't stop": oftentimes, in literature, repeats are done for emphasis. Can't **STOP,** won't **STOP.** Note how the word "STOP" is repeated two times. **STOP STOP.** Now, remove the **ST** from the word "**STOP**". **OP OP**. First of all, is it a coincidence that every shitpost is written by a person named "OP"? *Spoopy*. Now, take the first of the two OPs from **OP OP**, and reverse it. **PO OP. POOP.** *poop*\*\*.\*\* + +The word "POOP" is a palindrome, and I suppose the date should also align itself to be a palindrome if the palindrome theory is to hold water. Another way of writing the date, 2/22/2022 is 2/22/22 which is a palindrome. If not, 2/20/2022 is another valid date for the MOASS as stated by another wise ape in the comments should the palindrome theory hold true, but in my personal opinion, it's shit. + +Computershare. Come, poo turd share. (ape speak) Come share your poopoo. (English translation) + +Loopring. Loo pring. Loo = toilet. What goes in the toilet? Poo. + +Wu Tang Clan. Wu rhymes with poo. + +# If my thesis is correct, we should expect one more direct shitpost before the MOASS. One more poo post before the lift-off. This is not a drill. + +It’s not rocket science, people. This is a shitpost. Deuces ✌️ + +# Cultural DooDoo: + +**According to a Koreant, dreaming of 💩 apparently means a windfall of money is due soon. Screenshotted evidence below:** + +[Screenshot for the DD](https://preview.redd.it/ayb2naqud8981.png?width=1182&format=png&auto=webp&s=7f4c27ef6399a6f75836c6bd18eb4c51648074ed) + +[Screenshot #2 for the DD](https://preview.redd.it/gk2luxixd8981.png?width=1212&format=png&auto=webp&s=275f7499ae1fb015217d618a5d6ed0f0be7a4014) + +**Our Chairman, being Canadian, will most definitely want to reconnect back to his roots. It turns out the poop emoji is the most used emoji in Canada (in the world). Spoopy Cohencidence..?** + +https://preview.redd.it/mi19deqynb981.png?width=1236&format=png&auto=webp&s=a233d5f37a55dc4318d26319b8cc5e0d74b636a5 + +# Further research: + +&#x200B; + +[Stay healthy, fellow apes. Check your poo to check your health.](https://preview.redd.it/y4rsnbnurb981.png?width=850&format=png&auto=webp&s=6950a753c8f15e3c0a45f6476175e25d5cfdf160) + +https://preview.redd.it/k7m5q7qzqb981.png?width=851&format=png&auto=webp&s=64e27956b3680eb751783df52f56ac419534764f +I've been thinking a lot about everything that's going on right now. My gut feeling always leads me to the same place, and I am rarely wrong with my gut feelings. + +I firmly believe that we are knees deep in a **massive** three-pronged FUD-based shill attack that has been months in the making. This could very well be their final charge - but that's speculation and I don't want to make any predictions about the future. + +**Prong one**: generating hype for the 14th, preparing us for a huge let-down when the stock trades sideways or falls more. There's no proof that anything substantial will happen today as far as I am aware. They are hoping to destroy our morale with this *one simple trick.* + +**Prong two**: recent price dips. This is self-explanatory and serves to supress the stock and lower morale. We've seen this a many times now and it is a strategy they consistently and continually employ. It needs no further explanation. + +**Prong three**: this materialised within the last day or so and it is the [mod thing](https://www.reddit.com/r/Superstonk/comments/ojos41/im_stepping_back_from_the_daily_posting_of_the/). I will not say any more about that as I believe that we should all ignore it and continue as before. It is FUD of the highest order and the truth will come out soon enough. Respect to u/pinkcatsonacid \- you did the right thing. However, it is indicative that they are scrambling to divide us once again, just as they did with the previous subs. + +All this points to desperation from the hedgies, they seem to be coming at us with everything they have, but we stil have the advantage. We are in our banana castle on HODL hill, and they don't have the seige equipment to breach our defenses. All they can do is distract us, demoralise us, seed dissent, and hope that we come out willfully. + +All we have to do is **HODL** and stay strong💎🙌, + +be **excellent to each other**, + +don't get **distracted** by the [obvious FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/), + +post **good content** to engage the community in a healthy way and to **bury said FUD**, + +**trust the** [DD](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share) and continue to create more, + +**don't set dates** and don't get hyped for **ANY** date, + +and most importantly... + +...**stay retarded** 🦍. + +Have a great day everyone - remember to spread positivity and healthy vibes, and remember to stay mentally healthy and take time away from the sub focus on things that make you happy. + +&#x200B; + +https://preview.redd.it/i3y99l9nb4b71.png?width=590&format=png&auto=webp&s=7616dda21809f9cb4915d4d4c6700910decaee58 +Wayne Duggan, I’m calling you out for being a jack wagon. In your article titled “how GameStop investors can make their lives easier,” You explain that many people think short sellers are rigging the market, then you tell them that they shouldn’t bet against hedge funds because they’ll lose, then you say turn around plans don’t work and point to Sears and blockbuster, two examples of companies shorted out of existence, and then you claim hedge funds and financial journalists don’t have a symbiotic relationship. Fuck off you manipulative piece of human scum. +May 28th edit: +Contacted my broker and got a response. posted it here: +[https://www.reddit.com/r/Superstonk/comments/uzrk4t/update\_on\_the\_weird\_prices\_glitch\_from\_the\_25th/](https://www.reddit.com/r/Superstonk/comments/uzrk4t/update_on_the_weird_prices_glitch_from_the_25th/) + + +&#x200B; + +Formal update: + +So.. after discussing it with u/dlauer in the comments it turns out it might be 'just a glitch'. I'll give my broker a call and try to sort out wtf was going on. + +&#x200B; + +Hope you enjoyed the pre-moass tho.. I Did. fuck this shit got me hyped. Sorry for the confusion it might have caused, but I was just as confused, maybe more. + +Love you all. Let's wait for this to happen for real, where I'm not the only one seeing this! + +\-------------------------------- + +ninja edit: + +this shit is weird, and i've no idea. + +I'm the only one that sees this as far as I know.I'm not sure if it's a TWS Bug or not, or an IBKR thing.IBKR didn't have server issues. Everything was fine. + +TWS Too. IT worked fine the whole day and suddenly this happened. + +Looking into more.. I'll keep ya'll updated. + +&#x200B; + +Oh.. it's at 4Mill now. + +https://preview.redd.it/v0lrvp2hip191.png?width=623&format=png&auto=webp&s=f1520cc7bfd2e9a0b55f6f529886291e4ecd33bf + +\------------------------------------------------------------------ + +&#x200B; + +Uhm.. I've just found weird AH shit.. + +Thought you'll like to know. + +I know how this looks. + +This is what I get in TWS! + +It's all kinds of weird, help. + +&#x200B; + +It started in AH when I was building a new nanosecond chart for SPY. I saw something as below. + +I then checked my terminal and found although TWS doesn't report anything, the prices where REALLY FUCKING HIGH. + +Then my GME nanosecond chart looked like this (below), and i'm tripping out cuz I've honestly no idea what i'm looking at. + +&#x200B; + +Is this it? + +&#x200B; + +https://preview.redd.it/pstwfw3j3p191.png?width=1837&format=png&auto=webp&s=4f3027d1ee6c8b292eb2542b2ef45b8343c29229 + +https://preview.redd.it/1c4x9prj3p191.png?width=938&format=png&auto=webp&s=a4f241e036b5a6a87c76fbfaac81696afc922d32 + +https://preview.redd.it/cwd6bvwj3p191.png?width=627&format=png&auto=webp&s=8ea5b0ff948a264536981e007cf13f9aa3022a08 + +https://preview.redd.it/qoz9szpk3p191.png?width=624&format=png&auto=webp&s=a1c7cc92ea46aad619bde9b93dacdc58ac7d2a9e + +&#x200B; + +https://preview.redd.it/4dsmnm4l3p191.png?width=628&format=png&auto=webp&s=4524f212049aa2141b81e60ba5754d149dddcb31 + +[Right before the halt](https://preview.redd.it/ho4a1ak64p191.png?width=840&format=png&auto=webp&s=34ad612b1a0ba4f23f73b7b62a88f70c1b5f122f) + +https://preview.redd.it/e3fz4aa64p191.png?width=632&format=png&auto=webp&s=a8b4b282459ce1a727ece8e7633719069eef4712 + +&#x200B; + +https://preview.redd.it/d0g8vk8c6p191.png?width=634&format=png&auto=webp&s=3ab99b91930ed587f000cf6c2621b28ff8d7ff4c +[https://www.businessinsider.com/amazon-employees-abortion-supreme-court-roe-internal-petition-2022-6](https://www.businessinsider.com/amazon-employees-abortion-supreme-court-roe-internal-petition-2022-6) + +Amazon employees are asking the company to immediately denounce the Supreme Court's decision to overturn Roe v. Wade. Amazon has said that it believes "our team members should get the care they need." The petition is the latest in a wave of activism among employees at big technology companies. +Hi guys. First time posting here, I can't really vent to anyone in my life so I'm here to tell you guys. I read so many posts here about the dangers of over leveraging yourself with credit spreads, so many warnings that if it sounds too good to be true and no one else is doing it, it's too good. I had a put credit spread open on NVDA today that has absolutely decimated my gains from 2021. I was on track making about 10k a month since last November, greed level was HIGH, and today I have learned that yes, as per all of your generous warnings IT CAN GO TITS UP. I know this wasn't informative in anyway but I hope someone sees this someday and learns from my mistake. You think you are ok with losing until you lose, then your whole mindset changes. + +Anyway, I hope all of you are doing well, securing the bag, and otw to financial success/freedom. I'll be there soon enough, time to reevaluate! +&#x200B; + +https://preview.redd.it/4typ6ftfpiq71.png?width=720&format=png&auto=webp&s=bd8daab81dd9a729667cd9ad4b811874dad111ae + +Special thanks to the retards at r/wsb for buying these things every week + +Been wheeling GME since March exclusively selling weeklies. Started off w/ about 40,000. Bought 100 shares and got assigned twice. Currently running 4 'threads' open, 3 CC's and 1 CSP. Current share price is 175 and the discounted price for my assigned shares is \~ 160 + +&#x200B; + +&#x200B; + +https://preview.redd.it/mp5es44roiq71.png?width=458&format=png&auto=webp&s=18ee1d8bbe72f9078aa2c7b57b348212873dd27b + +&#x200B; + +https://preview.redd.it/xiytltstoiq71.png?width=456&format=png&auto=webp&s=200593fddc5825a9afa9c118bd317ac65d6bf0c2 + +&#x200B; + +https://preview.redd.it/wcf4jy0apiq71.png?width=448&format=png&auto=webp&s=b90708715887f71e7bb0fdba181bed4c97e20a29 +BBC Moneybox: https://www.bbc.co.uk/sounds/play/m000t4l3 + +Thought I'd share this with UKPFRs. + +A senior MP tells Money Box it’s “appalling” that house developers are asking some customers to sign non-disclosure agreements as a condition of fixing serious defects with new homes. A new report this week claims there are still around 250,000 mortgage “prisoners” - people trapped on high-interest mortgages. +https://www.wsj.com/articles/softbank-reports-13-billion-annual-loss-hit-by-tech-share-slump-11652339726 + +TOKYO— SoftBank Group Corp. 9984 -8.03% on Thursday reported an enormous $26.2 billion loss on its big portfolio of technology companies in the first three months of the year, as the company took a record annual loss for the second time in three years. + +“The world is in a chaotic situation,” said Chief Executive Masayoshi Son, citing Covid-19 and Russia’s invasion of Ukraine. “In this chaotic world, the approach we at SoftBank should take is defense.” + +Stinging the company were soured investments in numerous startups in its $100 billion Vision Fund, the world’s largest private investment fund that was raised five years ago with the intent to seed a generation of new tech giants. + +Among the biggest bad bets was Chinese ride-hailing company Didi Global Inc., which has faced regulatory pressure in Beijing. As of the end of the latest quarter, the Vision Fund had lost $9.7 billion of the $12.1 billion it invested in Didi, the company said. + +There is more pain to come: SoftBank said its holdings in publicly listed Vision Fund companies fell by more than $13 billion since its fiscal year ended March 31. + +... + +In all, SoftBank said the Vision Fund has made just $3.1 billion on the $45.6 billion it invested in its publicly listed companies as of Wednesday’s stock market close, a slim return after five years in which the Nasdaq has nearly doubled. + +He devoted much of the presentation to trying to reassure shareholders concerned about SoftBank’s debt levels, telling them that he is closely managing its debt and cash. + +In recent months, the company borrowed nearly $6 billion tied to startup investments in its Vision Fund 2 division—an unusual move for a venture capital fund given the high risks involved—and raised additional money through financial instruments tied to its nearly 25% stake in Chinese e-commerce giant Alibaba Group Holding. + +... + +This earnings report covers up to March 31, 2022. Think about how much more SFTBY must have lost since then... +**TL;DR:** + +* **In 2013, GME acquired the premier Apple reseller/repair company Simply Mac (ticker: AWSM). In 2016, Reiner Voigt and other fuckers from private equity firm SOL Global watched as Simply Mac got delisted while they ran it into the ground.** +* **Voigt and his other SOL friends managed to relist Simply Mac under a new ticker (SIMP). They then created convertible debt/warrants that converted debt to equity...for SOL Global itself. It then got delisted AGAIN just a few days ago, and even posts around Reddit have referenced the company closing.** +* **SOL Global also owns a major stakes in Jones Soda. The 2000s soda darling Jones Soda had a major amount of FTDs near its ATH and was eventually delisted.** +* **Jones Soda is being shopped to other beverage giants for a buyout. Perhaps the biggest part of the sale MAY be its patents: Jones Soda owns special patents that allow people/users to customize their soda branding/packaging. This brings to mind** u/SixStringsuperfly\*\*'s find that fellow meme stock KOSS is also in a patent fight with Apple over its patent on wireless headphones.\*\* + +&#x200B; + +https://preview.redd.it/womfxjhxpu991.png?width=225&format=png&auto=webp&s=62ed66401ed31378405ca85b1ac992cbd4527c29 + +For the culture: [https://www.youtube.com/watch?v=\_YvcoucCr6A](https://www.youtube.com/watch?v=_YvcoucCr6A) + +Hi y'all, it's your friendly neighborhood pineapple suppository enthusiast throwawaylurker012. I'll keep this short and I am typing this in a rush as I need to finish some work soon (fuuuuuuck) but got inspired by the ball thistles on Ryan Cohen and the almighty headband of DFV to push this out faster than a failed Rick of Spades bet. + +While looking up some info for a recent post from u/expensive-two-8218 on GME's weird float numbers showing up the same nearly 2 years apart, I tried digging for any companies that were delisted that had weird float numbers. Nothing immediately came up: Blockbuster's historical float info was hard to find for this kinda thing, and Sears seemed to have offered no dividend **(but I did find that its spin off Land's End (ticker: LE) has had some crazy FTDs and may have had a low, slow squeeze from $5 into the $40s from late 2020 into mid-2021.)** + +&#x200B; + +[C'est la...you can see a FTD spike as part of a long slow crawl up ](https://preview.redd.it/g6x23a03au991.png?width=2540&format=png&auto=webp&s=a9052381777bec48dc041a0880af989438aeafaa) + +Which doesn't mean anything, so I decided to look through some more familiar companies. I tried seeing whether Sears' old company SHOS (which was basically Sears' version of Buy Buy Baby if we think of Sears = BBBY in this metaphor) which I wrote about in "Burn the furniture, kidnap the child": [https://www.reddit.com/r/Superstonk/comments/t9vd1z/burn\_the\_furniture\_kidnap\_the\_child\_the\_story\_of/](https://www.reddit.com/r/Superstonk/comments/t9vd1z/burn_the_furniture_kidnap_the_child_the_story_of/) + +&#x200B; + +[it needed more \\"Taken\\" references gotta say](https://preview.redd.it/orqguzniau991.png?width=1278&format=png&auto=webp&s=bfa212fbb1f64019e2b222930fdb830013d592ba) + +Turns out I thought why not look back into one of the company's I talked about there! Simply Mac. + +I also talked about them in another DD that perhaps draws a bit more useful in this case, my "Spectator Mode" DD on delisting stocks: [https://www.reddit.com/r/Superstonk/comments/sp5xwx/spectator\_mode\_zombie\_stock\_birthday\_songs\_the/](https://www.reddit.com/r/Superstonk/comments/sp5xwx/spectator_mode_zombie_stock_birthday_songs_the/) + +&#x200B; + +[gotta say that title is my pride and joy](https://preview.redd.it/40qai5c4bu991.png?width=2000&format=png&auto=webp&s=9ad2f31d01c05ff2dcb1e3843a04567c6e3c2165) + +&#x200B; + +**Not for nothing (and apart from the lower than expected amount of eyes on it I got), of most the ideas in there I was mostly excited for the find that GME used to own that Apple repair/reseller business Simply Mac.** + +**You can think of Simply Mac a lot like the SHOS example for Sears in the "burn the furniture" storyline above...one was considered the "parent", the other considered the "baby", but both companies traded on the stock market. Simply Mac was basically the "baby" to GME's "parent company" back in the day**. + +&#x200B; + +&#x200B; + +[also wish this mockup I made got more eyes lol](https://preview.redd.it/yfuxwmulbu991.png?width=1676&format=png&auto=webp&s=eeef447089d7a4425e8969b7886baf75a0e1a731) + +>Remember dear apes. The story of Sears and the rampant playbook of fuckery and crime used against it could have been the same for our dear GME... +> +>**In Feb. 2020, Moody’s had downgraded GME’s debt, and Cool Holdings, which was buying GameStop’s Simply Mac business, had missed its first installment payment to GameStop. GME, on its own ropes and in need of help, demanded that Cool Holdings pay back the total of $8 million it owed to it immediately.** +> +>Despite being one of the largest Apple Premium partners back in the day, it also had a run of unfortunateness...**Cool Holdings got delisted itself just a few mere months prior, in Nov. 2019 by NASDAQ**. This helped lead to that Motley Fool article only a few months later worrying for GME. Later on, Cool Holdings changed its name to Simply, Inc. and now–no lie–trades under the ticker SIMP. Its new gamer tag/CUSIP is 82901A105.) + +&#x200B; + +So one of the largest Apple Premium partners was one that GME eventually asked for its money for as it was risking its own delisting death rattle in late 2019/early 2020. But even though Cool Holdings ran its own risk of having been delisted...**what ended up happening to Simply Mac (ticker: AWSM), GME's "baby" shorted after GME was on the ropes and needed cash now with no J.G. Wentworth in sight?** + +&#x200B; + +https://preview.redd.it/dt953fihcu991.png?width=1030&format=png&auto=webp&s=5a710fcc7ba6031dc8629d95e6bb1fcb1952e1af + +[this happened](https://preview.redd.it/r1jn1g4icu991.png?width=1142&format=png&auto=webp&s=d174648a5edb81349d0e83155edb9ead45103aec) + +>"**As long as a CUSIP never changes, you can track how the FTDs keep going. And in the case of \[Simply Mac\], which had a float of about 56 million or so shares around the time of delisting, it had a single FTD spike of nearly 1.3 million just WEEKS before its first payment to GME was due\*\***. (For comparison, GME had a \~1.7 million FTD spike around the same time, with its biggest spike being 3.5 million but during the sneeze. 1.3 million FTDs for a float of 56 million is BIG.) + +&#x200B; + +So AWSM/Simply Mac seemed to have been shorted into oblivion (potentially MORE than GME relative to GME's float) while GME was being shorted simultaneously, and delisted right before they could help give some money they owed back to GameStop. + +Simply Mac got delisted after that and end of story. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Right? Well, of course, not entirely. + +In Oct. 2020, Cool Holdings decided to try it one more time, and while in ownership of GME's old Apple repair/resale biz Simply Mac it decided to change its ticker to SIMP (OTCQB)**. Remember, SIMP was still Apple's LARGEST premier partner in the US, with 54 stores around the country at the time. But this was about a month on from when one of SIMP's biggest shareholders was taking a larger and larger hold of the company: SOL Global.** + +&#x200B; + +[SOL SOL SOL SOL SOL SOL](https://preview.redd.it/8igm00zueu991.png?width=2128&format=png&auto=webp&s=371ceb32e9733e98ec3a136f74ab60bff901b82c) + +But if not for a MacRumors rabbit hole, I wouldn't have found why there was such a heavy investment from SOL Global. + +**You see, GameStop acquired Simply Mac in 2013. And it bears witness to a level of fuckery that the ensuing fuckery on Simply Mac that we recently see through 2019 into 2022 (from its delisting and more)...began when the company was STILL a part of GME. And that fuckery in plain sight owes itself to the prolapsed anus that took over Simply Mac in 2016: Reiner Voigt.** + +&#x200B; + +Voigt had been a part of the Simply Mac team since 2016 and seemingly GUTTED it once he took over (sound familiar?). He then proceeded to have himself and 2 others largely helm the way the company was run: Kevin Taylor and Andrew DeFrancesco. + +&#x200B; + +https://preview.redd.it/z0at1w32gu991.png?width=2000&format=png&auto=webp&s=76772602a36bdb65226788e0fcb7e89fd65ae8a8 + +**Kevin Taylor was the CEO of that private equity firm SOL Global, and Andrew DeFrancesco is the CEO of related SOL Verano Blocker 1 LLC. DeFrancesco was enough of a piece of--ahem--work to even sell other products from another company they owned in these stores: EV Toys**. + +&#x200B; +