diff --git "a/reddit_finance_43_250k_251.txt" "b/reddit_finance_43_250k_251.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_251.txt" @@ -0,0 +1,10000 @@ + +TLDR: parking your shares at Computershare is actually pretty similar to parking in a broker as far as rapid access goes! It is NOT an “infinity pool only” parking lot. + +Final note: making this post bc I’ve seen a lot of posts claiming “added x shares to the infinity pool”, then showing a screenshot of Computershare. I’ve commented on them but I reckon a post might have higher reach. That’s all have a great day 😊 + +————————— + +EDIT1: ty u/yesbabyyy for bringing this to light: an ape has tested both market and limit orders and both filled rapidly, read about it here: https://www.reddit.com/r/Superstonk/comments/potfb6/computershare_selling_updatei_sold_shares_of/ + +————————— + +EDIT2: given all the shilling in the comments I’m clearly onto something 🤣 fuck off shills, get a real job, in fact just buy shares and stop working for your shill overlords. + +**FIRST: The whole point of this post is to halt the narrative that shares in CS become unaccessible! That has been debunked** + +SECOND: I started the post with “By all means, feel free to expand your own infinity pool as much as you want”, so I’m not FUDing anything (fucking shills always projecting) - I’m not telling people to sell anything, idk how shills even derived that from this post + +THIRD: I’m waiting to test CS myself but have been researching for over a month and I’ve even contacted them. Furthermore there are PLENTY of posts (like that one ^ in EDIT1) showing that CS can execute orders in a manner of minutes + +FOURTH: no one knows what the MOASS will look like, how brokers will handle it, and all I’m saying is CS will have access to lit exchanges as much as brokers do, so any shares parked in CS are as good as parked in any broker + +Now I’m outta here, this is draining - and I got ”actual work” to do. You shills really do your job well, so fuck you for it. You drain people who have the best intentions and the “work” you’re doing is not only useless to society, it’s actually counterproductive to its advancement. Years from now this story will be told, and you will have been on the wrong side of it, probably portrayed as the pesky little useless people who kept defending the financial oppressors. Hope you have a conscience, and you’ll have to live with it. It’s never late to come to the good side. +Six months ago, after nearly a year of moonlighting trading successfully, I quit my job to trade full time. Unfortunately, my worst nightmare has come true, and I have accepted that I have to give up on day trading. + +For the first 4 months after leaving my job, I was very consistently profitable with my trading. But for the past 2 months, I simply cannot turn a profit anymore, and in fact, I have undone many thousands of dollars of gains. I don't know what's wrong, but the PDT rule is looming, and I've run out of time to figure it out. + +Does anyone have any advice on how to explain this to recruiters or interviewers? There is a huge stigma around day trading, that it is basically gambling and only fools would attempt it (and who am I to argue at this point). I have no idea how I'm going to explain that I not only quit my job to day trade, but failed at it. They are going to think I'm the biggest moron on the planet, and they're going to be right. +Six months ago, after nearly a year of moonlighting trading successfully, I quit my job to trade full time. Unfortunately, my worst nightmare has come true, and I have accepted that I have to give up on day trading. + +For the first 4 months after leaving my job, I was very consistently profitable with my trading. But for the past 2 months, I simply cannot turn a profit anymore, and in fact, I have undone many thousands of dollars of gains. I don't know what's wrong, but the PDT rule is looming, and I've run out of time to figure it out. + +Does anyone have any advice on how to explain this to recruiters or interviewers? There is a huge stigma around day trading, that it is basically gambling and only fools would attempt it (and who am I to argue at this point). I have no idea how I'm going to explain that I not only quit my job to day trade, but failed at it. They are going to think I'm the biggest moron on the planet, and they're going to be right. + Closed my account today, it seems that I don't have the discipline or the skills to succeed. Find very hard to understand the data and reading articles to interpret the data. The news also is confusing because one says it's going up the other one says its going down maybe I'm reading too much into it. It seems the harder I look for answers the further I become confused and lost. Anyway thanks a lot from you guys cause I learned a lot from your advices. +It seems that no matter what strategy I follow, the market always follows my SL, even operating in favor of the trend, in a good momentum, close to Supp or Res. I've tried scalping, swinging, day-trading and I don't know what else to try. Every time I try to learn something on the internet, I stumble across a guru promising explosive gains or selling a course, and I know it's bullshit. Please enlighten me. I want a decent strategy, pass the FTMO and live off this shit. +I just recently moved to Washington state from California. My business is technically registered in California currently, but is fully remote with just a couple full time employees who work from home. There's no no physical office or anything. Just this year, I'll likely pay around $80k to the state as it's technically California-sourced. + +Now that I've moved out of California, I'm trying to see if there's a (legal) way to restructure things since I don't really have any ties to the state anymore. I'm also considering a sale that will get me to Fat Fire NW and don't want California to come knocking on the door later on down the road, trying to get a cut of the action. + +Looking for a recommendation on a tax attorney or other professional that might be able to help me strategize around this issue. Have you dealt with a similar situation? What did you do and who helped you do it? I'm all for paying my fair share, but I feel like I'm paying tens of thousands of dollars a year around a technicality. + +Edit: just to clarify, I'm looking for a recommendation for a specific company or individual that specializes in this kind of thing that may be able to help me. +I’m debating on putting my entire net worth (minus a small amount for monthly expenses) into SCHD, and not touching it for years to come. The average growth + dividends is hard to beat. + +Is this foolish, or very conservative investing? I know you shouldn’t go “all in” on any one ticker, but seeing as SCHD is a diversified 100 company etf, I don’t see this as a risky move, but would love some other opinions. + +I’m basically looking for safer 10% average growth + high dividend yields + +EDIT: SCHD is a broad market dividend ETF +I just bought a duplex with 3 bedrooms 1.5 bath on each side. It's dated with wood panel walls, etc. I just refinished the wood floors, they're great. Solid building over all, just a little dated. + +A big old building across the street is being sold by the town to a developer to create over 30 "high end" apartments, reportedly mostly 2 bedrooms. + +What should I be thinking right now? Is this going to make my life easier or harder? +There has been a large influx of these posts mostly thanks to a certain watermelon guy. While we are all enjoying this amazing price action and participating in the greatest transfer of wealth in human history, it seems like a lot of apes think this is a hot topic and needs to be addressed. It might seem silly on the surface but transparency from the mod team in our actions and creating clear rules is important, so we absolutely get it. + +Here is the conundrum we find ourselves in: + +If we allow these to continue, it will create a lot more spam and certainly work for the mod team. We will not be devoting time to actively seek out bet violators. We will need the community to bring these situations to our attention. + +If we do not allow these posts in the future or limit their scope there's gonna be a lot of apes upset and will look to circumvent the guidelines. Here we will also need the community to help bring these situations to our attention. + +The mod team is conflicted on how to move forward so the most appropriate course of action seems to be to put it up for a vote. Please choose one of the following options in the poll: + +**Option 1** \- Allow these types of post to continue without any interference from the mod team as long as sub rules and site-wide rules are not violated (this includes using NSFW tags when appropriate). If the OP does not follow through they will receive a perma-ban. This might seem harsh but it will encourage apes to not make frivolous bets and will hopefully reduce the volume of these types of posts. + +**Option 2** \- Allow these types of posts to continue at the mod teams discretion on a case by case basis. Some of these posts have gone over the line and situations like self harm, illegal drug use and sexualization can be a bad look for our community. Bans would also be handed out at the mod teams discretion. + +**Option 3** \- No posts like these allowed period. We understand a lot of apes consider this to be forum sliding. + +[View Poll](https://www.reddit.com/poll/pbfdr7) +I keep reading about prices falling and people moving to the country but can't say I'm seeing it on the ground going to a whole bunch of property inspections. + +I've been mostly looking in the Balmain Peninsula and Annandale area and nothing seems to have slowed down at all, especially in the sub $2.5mio range. It feels like in the $2.5+ level there's less people but prices don't seem to have slipped at all. + +There's downsizers and couples in their 30s and 40s that are looking to buy and have the deposit and financing in place. + +What are other people seeing? I'm wondering if I should wait for a fall, look further out of Sydney or just take the plunge. +SAN FRANCISCO (Reuters) - Uber Technologies Inc had $50 billion (39 billion pounds) in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date. + +MORE: [https://uk.reuters.com/article/uk-uber-results/uber-posts-50-billion-in-annual-bookings-as-profit-remains-elusive-ahead-of-ipo-idUKKCN1Q42CD](https://uk.reuters.com/article/uk-uber-results/uber-posts-50-billion-in-annual-bookings-as-profit-remains-elusive-ahead-of-ipo-idUKKCN1Q42CD?feedType=nl&feedName=ukdailyinvestor&utm_source=Sailthru&utm_medium=email&utm_campaign=2018%20Template:%20UK%20DAILY%20INVESTOR%20UPDATE%202019-02-15&utm_term=NEW:%20UK%20Daily%20Investor%20Update) +If you live near a university, try calling their psychology department and see if they have a doctoral student clinic. A friend told me about one in our town, and it's $5 a session for students, and then sliding scale for everyone else. For their sliding scale it is also $5 per session for anyone who makes under $30k a year. It is students, but it's doctoral students being supervised via recording. There are confidentiality rules they follow, so it's as confidential as seeing an actual therapist. I know this isn't an option for everyone, but I figured it was still worth sharing in case it did end up helping someone out. They don't usually do a lot of advertising because they would get way too many people. +I am an engineering ape, finance is not my background but I tried hard to understand this system well enough to make sense of u/atobitt 's Everything Short without being a total sheep. + +I have seen a lot of posts and comments asking about what the RRP is and why it's important. And also a lot of supremely Jacqued Tits. I am jacked too, but I'd like to give back some more to the community and hope it helps. + +I'm sure you have all heard that the Fed has been performing overnight reverse repurchase agreements to the tune of $500bn as of late, they're also known as ON RRP, or reverse repo's. I'd like to take a stab at ELIA. And also give some thoughts about what I think is happening - and who it benefits. + +Here it goes: + +\--- + +The Federal Reserve is the bank for the US banks. Their job is to make sure the US dollar remains valuable and the US economy works in such a way that it supports the dollar. Some will argue the nuance here. *That means* ***the primary goal is to keep long-term inflation down***\*.\* + +&#x200B; + +**The Fed has 2 tools to control inflation and keep the US dollar valuable: Federal Funds Rate (FFR) and Overnight Reverse Repurchase agreements (ON RRP).** + +The FFR is the interest rate banks should lend to each other, and is set by the FOMC (essentially the Fed). This is the interest rate banks pay to each other to loan money to each other. + +The ON RRP is when the Fed removes cash from the market in exchange for something else, in this case US Treasuries. + +&#x200B; + +[https:\/\/fred.stlouisfed.org\/series\/RRPONTSYD#](https://preview.redd.it/ybx709xcwq471.png?width=2338&format=png&auto=webp&s=9373aa992f03262b2fa669e3dea4d7bbdbb2b1a3) + +&#x200B; + +**Why do banks loan money to each other anyway?** + +They loan money overnight to help each other have enough liquidity to satisfy the fractional-reserve banking law. This law means you must have some percent of the money you hold in cash in an account with the Federal Reserve bank. The law states that you must satisfy an average amount of a 2-week average of overnight reserve. If you have a lot of clients that take money out of your bank today it can add up quick. In order to be a bank you must comply to regulations around fractional reserves, or how much money you keep in an account with the Fed. The Fed holds fractional reserve accounts for all banks in the US. Fractional reserves are the idea that if you have a bad day on the market, or something tragic happens you should be able to survive. *In the past, the US has been criticized for having too low of a reserve rate compared to more conservative banks, for instance the Bank of Canada.* + +An example: + +\- You receive $1bn from deposits on Monday + +\- You lend 90% of that $1bn on Tuesday to a prime broker (usually a subsidiary of your bank - they lend that out to other people like hedge funds and so on) + +\- On Wednesday your clients withdraw a net of $80million, but you only kept $100 million - so you now have $20 million dollars in cash. In order to comply to regulation you must find ($700 \* 10%) - $20 million. You must come up with $50 million dollars tonight so that you don't violate the law. + +\- On Wednesday another bank had a net surplus of $100 million dollars, and they can't really make much money on it unless they re-invest it. We've got a deal! Other bank loans you $50 million dollars at a rate close to the Federal Funds Rate (FFR). + +\- Other bank makes $50 million \* (FFR%), and you get to keep being a bank. + +This happens every night, with every bank - they all have ebbs and flows of cash, and they all need to remain liquid such that when you go to an ATM you can actually take your cash out - and so that they don't get denied their bank status and go out of business. + +&#x200B; + +**How does the Federal Funds Rate (FFR) affect inflation?** + +Supply and demand! If something is "hard to borrow" it effectively means there is less of it - it's the same thing with respect to lending, that's why it's referred to as the money "supply" not volume of dollars. + +The lower FFR is the "easier to borrow" money is - meaning money worth less. When money is worth less, that means inflation is going up. + +The higher the FFR is the "harder to borrow" money is - meaning money is worth more. When money is worth more, inflation is going down. + +Prime rates, mortgages, car loans - virtually all lending rates depend on this supply / demand of money and therefore are all dependent on the FFR. That's why rates are sometimes described as (prime + x%) - because prime is what prime brokers will lend depending on the FFR. **During the pandemic the FFR was effectively 0%**. This allowed a lot of folks to get mortgages they may not actually be able to afford, in addition to some other really band lending that I will explain later. + +&#x200B; + +**How does the Overnight Reverse Repurchase Agreement (ON RRP) affect inflation?** + +A similar relationship exists for the ON RRP. + +The more cash in the market, the less cash is worth, inflation goes up. + +The less cash in the market, the more cash is worth and inflation goes down. + +The ON RRP allows the Fed to take cash out of the market. The ON RRP happens every night, and if it stays high - it's kind of like a permanent withdrawal of the funds from the market. Right now, essentially the Fed is taking out $500bn from the market. This is supposed to be "temporarily" until the market catches up with the cash flow. Critics of the ON RRP say that the Fed should limit it's use because it can negatively affect participants. + +\- The Fed controls when to unwind the cash-flow and therefore can determine who is best positioned to take advantage of it when they do + +\- The Fed becomes entangle with the free market operations, making them a giant crutch for private entities that will no longer adhere to capitalisms laws (too big to fail mentality). Private entities who are not afraid to fail will gamble and gamble **big.** *Sound familiar?* + +**A phenomenon called "flight-to-quality"** + +This phenomenon can occur with the Fed performing ON RRP because participants will prefer to do business with another entity of high quality. What makes an entity high quality? T + +\- They give you good rates + +\- They give you good collateral + +\- They don't default with your cash on hand + +When the Fed goes into the market as a large borrower of cash - they become the highest quality lender that one can find. They give great assets US Treasuries. They cannot default. The only thing is that they are giving shitty interest rates, but who cares. If banks are worried about short-term stability they are not thinking about interest rates, they are thinking: + +\- How do I get out of this with out my money going down with another ship, i.e. without lending it to another bank because who knows what kind of shitty deals they made. Look at the ones I made! Holy fuck, Fed let me in! + +\- How do I get enough assets to leverage for my own (nefarious) purposes. More below! + +&#x200B; + +Banks will choose to do dealings increasingly with the Fed, and less and less with each other. This is not a free market and it can have some very bad outcomes. + +&#x200B; + +**Why is the Fed using ON RRP aggressively now?** + +They "printed" a lot, I'm talking 4 trillion dollars in 2020 - but obviously they didn't circulate it as currency. It's in the form of stimulus, forgiveness on loans etc. + +&#x200B; + +[https:\/\/fred.stlouisfed.org\/series\/WALCL](https://preview.redd.it/l1b7kezxxq471.png?width=2330&format=png&auto=webp&s=0d01d30a591a5fcd7fcf291b3ed6a070329a9335) + +[https:\/\/fred.stlouisfed.org\/series\/TOTRESNS](https://preview.redd.it/oeiiosmbxq471.png?width=2322&format=png&auto=webp&s=9e25b4c4a8a5ca349d521ebfc2cfc795bdfc7d53) + +Michael J. Burry warned us about a thing called *hyperinflation -* which just means inflation but very fast. When you double the assets that the Fed has taken on in 1 year, that would generally mean to me that if inflation were on the way, it will happen in a fucking hurry. + +The Fed basically "printed" a shitload of money to keep the economy from crashing during the COVID-19 pandemic and in-so-doing created the blackhole of inflation we are witnessing them try to deal with now. The worst of it is, Dr. Burry predicted this ***before*** the pandemic, after it hit, it's not even a discussion, it will happen. + +What we are seeing now is the whiplash of the COVID-19 printing spree being turned off - and it turns out there are 2 main components - and they compliment each other. + +\- **The Fed is taking cash out of the market to prevent inflation** and prevent economic collapse, since all of the Fed operations are tied to mortgage backed securities and commercial mortgage backed securities as well as the value of the US dollar - they have to act. There is no world today in which the US is prepared to have the USD not back most other currencies in the world. There is no world today the US can reasonably handle another collapse of the MBS or CMBS markets. + +\- Banks (prime brokers) are taking US treasuries in exchange for their cash because they have too much cash and they over-lent to to participants with an extremely loose FFR. The extremely low rates would allow someone to leverage their assets incredibly high with very little interest or cost - this means 2x effectively cost the same as 20x for interest paid. Banks are now happy to accept US Treasuries on an ongoing basis to satisfy margin and other requirements for their participants to prevent them from being liquidated and taking huge losses. *Remember that saying, "You lose $100, its your problem, you lose $100 million dollars it's your banks problem"* + +&#x200B; + +**Example** + +\- You are a hedge fund, you get almost 0% borrowing fees from your prime broker on assets + +\- You are also a cocky asshole who has great track record, so 20x leverage is no sweat since you never lose. You take this ultra low interest rate and pay essentially what you were paying before the pandemic but for say 5x the exposure. + +\- You buy lots of blue chips (see later for more about this) and short the living shit out of some companies that are doomed to bankruptcy (that you've been in on this for years). + +\- Your short play backfires - increases 10x + +\- The COVID-19 borrow rates are gone and new rates on collateral are back to normal + +\- You can't afford the new 20x leverage interest / fees + +***- Your prime broker starts forking over collateral to you so that you don't get margin called and liquidated and lose all*** ***their*** ***money and your money*** + +\- Your prime broker uses the cash that the Fed printed and they now have to get the collateral to use for your shitty deal, they give you US Treasury bills which can be used at extreme leverage + +\- US Treasury bills become extremely devalued, some other participants banked on that too + +&#x200B; + +**The aftermath of COVID-19 monetary policy** + +From Feb 2020 until now the Fed loosened monetary policy, lowered the FFR (inflation up!) and printed a lot of fucking money and in my opinion, banks and by extension their prime brokers over-lent to market participants in both the fixed income market (treasuries & MBS) and stonk market. The Fed is now stuck doing permanent "temporary" ON RRP's until the market catches up to the money they printed, or a huge financial event happens. + +US Treasury bonds are getting fucked up. + +Banks are more evil than they have ever been. + +Too big to fail is the attitude for all these bastards. + +&#x200B; + +**A run through of what the financial climate would look like and who would benefit (speculation last as usual)** + +\- Banks (prime brokers) who are responsible for acting responsibly (ya right) with the loose monetary policy set forth by the Fed were supposed to use the Fed "printing" money as a security measure; they did not. The monetary policy was supposed to be used to support average workers and businesses that would otherwise struggle to pay bills or stay alive during the hardship. + +\- Banks (prime brokers) in addition to using the loose monetary policy to provide help to average folks (they *did* and they *did* tout this all over) they used this rate to lend to hedge funds, other brokers, all borrowers. + +\- The borrowers took this ultra cheap rate and decided to go fucking buck-wild on the markets since the cost to borrow was so low they could leverage even higher **with rehypothecation - the compounding borrowing fees would still be tiny; or nothing if the FFR was 0%** or almost 0%. Leverage your tits 9x, 10x, 20x doesn't cost any more so of course they'll do it. Bill "Big" Hwang was just one of the borrowers who got slammed as the monetary policy was tightening and the big players didn't want to take a huge hit. (There are other factors here, but this is basic principles). + +\- Hedge funds and family funds in particular who have many special exemption from regulations took the opportunity to use the increased leverage in order to make big money. And I think they chose to do it **very strategically, through shorting smaller cap retail markets and business harmed significantly from a downturn like GameStop**, and through ownership of select consolidated "blue chip" big cap retail. i.e. scalping profit from the transition to online big cap retail with 0% interest paid + +\- Hedge funds and family funds would love to consolidate as much of the US economy (mostly retail) into a few of the biggest entities in the market: *the ones that each of them already have huge stake in.* It's no secret that many institutional holders like BlackRock, Vanguard, and Citadel own huge disproportionate amount of huge cap monopolistic retail companies. Think about which business would be allowed to remain open? Who would know about this when the governments were deciding what to allow to remain open? Who would know about it before it happened? Not too hard if you're sometimes known as the 4th branch of government - and as we know the financial market is incestuous. They all talk, money talks. + +\- Wal-mart, Costco, all the retailers who try to take business from local retail. **The biggest of them all got the biggest advantage of them all, Amazon - they never had to close at all.** The big players all had the same strategy, aggressively sell-short (even more!) those that were on the brink of survival before the pandemic, and pump the assets that are typically blue-chip or are positioned to take over the online retail spaces. + +&#x200B; + +This was the biggest pay day ever given by the Fed for free - and like usual the tax payer is on the hook. + +&#x200B; + +TL;DR - For the apes with shorter attention spans: Hedges are fucked. Banks are also fucked. Both of them are conspiring criminally to save their own asses. The Fed is complicit but probably not party. + +**Buy and hold apes these assholes are NOT too big to fail this time.** +Why is there always a market when I want to buy or sell shares? + +What if I want to buy 1000 shares if a company and there aren’t that many for sale? + +Likewise when I sell shares why is there always ‘someone’ willing to buy them? When I sell my shares at that instant in time who is actually buying them at that price? +So am I the only one who is concerned about the increasing rate of consumer credit growth? Sure. people are more confident and lenders are lending more, but I don't see fundamentals, like wage growth, really justifying credit growth. + +This situation makes me very concerned about financials and the market overall. +Should I ask my boss to just make me a full time employee so I can get benifits (insurance) When I started its was only 6 hour days but then I was asked to start coming in an hour earlier when we moved warehouses. She made out the extra hour a day as a temporary thing but its been going on for a few months now. My roomate said I should be getting benefits for working this much. Occasionally I go in for 5 or so hours on Saturdays. + + +Edit: just asked my boss's boss about it and in addition to saying she'll ask HR she also mentioned getting me more hours. Yay! + +Edit #2: its a pretty stand up company and I truly believe they just didnt notice that I was putting in so many hours and wasnt full time yet. My Boss's boss seemed surprised that I hadnt been getting any benefits. + +Edit #3: thanks for the gold and the award! Also my hours are determined by shift. The worst that can happen is that they tell me to return to my normal evening shift. + +Edit #4: Im getting quite a lot of repetitive advice. Please read through before commenting. Im currently at work and cant reply to everyone. + +THANK YOU GUYS FOR ALL THE ADVICE AND LINKS! +Guten Morgen to this global band of Apes! 👋🦍 + +Though July 18th has passed, rest assured that as you continue to buy shares, you will receive the benefit of the split by dividend. +Anyone who owned shares as of close yesterday is entitled to the split shares directly, any shares that trade hands between now and the splividend will be accompanied by the rights to the shares. +While there was a lot of effort put into the FUD about this, I am confident that it is easily brushed aside as an attempt to reduce buy pressure for the next few days. +Clearly the SHFs know that they are in a hopeless position, and are desperate for any tactic to suppress the price. + +Yesterday's action placed GME firmly into the territory that has triggered the SHF panic mode recently, though I didn't see nearly as strong of a reaction this time. +Perhaps the value of their margin securities has also increased, enough that they still pass the test. +Perhaps they are desperate to own as many shares as possible this week, and couldn't sell to drive the price down. +Whatever the reason, there is little doubt that this continues to be an incredibly exciting week, and I cannot wait to see what happens next. + +Today is Tuesday, July 19th, 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: **$146.11 / 144,22 €** *(volume: 1007)* +- ⬜ 115 minutes in: $146.11 / 144,22 € *(volume: 1007)* +- ⬜ 110 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 105 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 100 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 95 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 90 minutes in: $146.11 / 144,22 € *(volume: 996)* +- ⬜ 85 minutes in: $146.11 / 144,22 € *(volume: 974)* +- ⬜ 80 minutes in: $146.11 / 144,22 € *(volume: 967)* +- ⬜ 75 minutes in: $146.11 / 144,22 € *(volume: 948)* +- ⬜ 70 minutes in: $146.11 / 144,22 € *(volume: 939)* +- ⬜ 65 minutes in: $146.11 / 144,22 € *(volume: 938)* +- 🟩 60 minutes in: $146.11 / 144,22 € *(volume: 936)* +- 🟩 55 minutes in: $144.48 / 142,61 € *(volume: 696)* +- 🟥 50 minutes in: $144.47 / 142,60 € *(volume: 640)* +- 🟥 45 minutes in: $145.47 / 143,59 € *(volume: 585)* +- 🟥 40 minutes in: $145.60 / 143,71 € *(volume: 585)* +- 🟥 35 minutes in: $146.00 / 144,12 € *(volume: 431)* +- 🟩 30 minutes in: $146.09 / 144,20 € *(volume: 408)* +- 🟥 25 minutes in: $146.05 / 144,16 € *(volume: 396)* +- 🟥 20 minutes in: $146.06 / 144,18 € *(volume: 394)* +- 🟥 15 minutes in: $146.13 / 144,24 € *(volume: 390)* +- 🟥 10 minutes in: $146.13 / 144,25 € *(volume: 381)* +- 🟥 5 minutes in: $146.39 / 144,50 € *(volume: 305)* +- 🟥 0 minutes in: $146.40 / 144,51 € *(volume: 86)* +- 🟩 US close price: $146.64 / 144,74 € *($146.32 / 144,43 € 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 1.0131. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +My father died very suddenly at the age of 48 a few days ago, leaving my mother (46), myself (19), and my little brother (13) without any income. He did not have any life insurance, and my mother is disabled and cannot work. Will we lose our house? How do we handle our health insurance, which was through his workplace? Are there any programs or benefits that we should look into? Please delete if this is not allowed, I would just like to help my mother figure out what our options are here. +I really can not stand how they are handling Bitcoin. It is clear they do not want a truly decentralized system to flourish, despite what their framework says. + +I am not a fan of secret agendas and greedy hands. It is possible to make money and be respectable, but Coinbase has chosen a different path. + +It saddens me because Coinbase was my entry point into crypto, and now I feel they've aligned themselves against what the entire system should stand for. + +Goodbye Coinbase. For your sake, I hope you can redeem yourself. But for now, you are losing a customer for a company with standards and values that actually reflect in their actions. + +Edit: For anyone wanting to do the same. https://support.coinbase.com/customer/portal/articles/2063066-how-can-i-close-my-account- + +A Few reasons: The way they handled the release of Bcash [(Roger Ver defended the Insider Trading)](https://www.ccn.com/insider-trading-non-crime-roger-ver-bites-back-gdax-re-opens-bitcoin-cash-trading/), The CEO Brian Armstrong is [clearly against Bitcoin](https://twitter.com/Tom_Horvath/status/949207156338946048), They have yet to implement segwit in a timely manner. It is clear to me they would like to make money over sticking to their standards and values. As stated above, it is possible to do both. + +Another: [Spamming the network](http://bitcoinist.com/mempool-coinbase-spamming-bitcoin/) + +Edit: While I have some attention. Please consider donating to Coin Center. They are a non profit focused on educating governments about cryptocurrencies. I think they do good work. https://coincenter.org/donate +eta: wow front page! (also please stop dissing my major-- lets see you get up on that stage with no mic and move people to tears singing in a language they don't know 🙃 ) + +okay so. as i stated in the title, I was just hired by a teen and twenty somethings mall store (stay golden 😉) + +the store recently suffered a serious loss of employees due to poor pay, back to school, and not enough staffing (ironic eh) + +anyway i was hired as a sales lead but we have no store manager at the moment, so im basically acting as the sm. DM wants to train me to be a manager in October. + +i love the store itself, and my fellow employees are pretty damn cool, but the pay right now is so low and i had to drop out of college due to medical and financial issues this year. my bio parents both work in retail and say that as a store manager i should make $12-$15 per hour but like i said right now i make 36 cents above minimum wage + +i have a second job where i work far less hours but earn a dollar over minimum wage, so i would have to quit there if I would like to have a life in addition to a full time job at this store 😩 + +my point is, how the hell do i go about getting paid more, if not now then soon? and i would love to get my fellow employees pay raises too, they've been really fucked over by the situation lately :( + +EDIT: ugh fuck it, i work at fucking p** s** guys. i had to quit school bc of a tank in my mental and physical health, which is what caused my financial demise. i cannot go back to school until i can pay off my UBill (completely unrelated to student loans) i was going to school for opera performance as a music major, which is what killed my mental health, but opera is what i love. im losin my parents insurance in the next few weeks bc im not a student anymore and that's a clause in my dads insurance thru his employer. minimum wage in my state of the us is $7.25, and i make $7.61. + +ive been reading all of your responses at work today and taking to the kid who is currently the part time asst manager (he was hired 2 wks before me, he's a freshman in college and he makes diddly squat also. he's helping me gather intel lol, i kinda feel like a spy with how much more ive figured out about our computer system than our dm, so im compiling some documents that particularly outline each store position to compare and contrast and then use during our conversation +thanks for all your help guys, if i can actually do something about my pay before manager training starts i could use the money really bad and i could use the benefits, I have a tumor in my nose that i badly need removed + + +On June 10th, 2022 I received the following message on discord and was told that I had won 0.359 BTC. + +But wait, I didn't just win 0.359 btc but I also won a bonus prize. + +so like any curious and desperate crypto investor would do, I fired up and old laptop that's been collecting dust and proceeded to **CLICK ON THE LINK**. + +&#x200B; + +https://preview.redd.it/rnp472u0s6891.jpg?width=1284&format=pjpg&auto=webp&s=dcdf7b7c9ab3201da7d5a200fbb16d8aa624ac6a + +&#x200B; + +https://preview.redd.it/q9fo4z63s6891.jpg?width=1284&format=pjpg&auto=webp&s=a037f390bce2404f899fe88430a76a62e6d5234d + + I followed the instructions, registered an account with a newly created throwaway email address and then input the promo code + +&#x200B; + +https://preview.redd.it/kgx27sm7s6891.jpg?width=1366&format=pjpg&auto=webp&s=41a590c6c22c3d45b342061aa957f17c5c2787bf + +&#x200B; + +https://preview.redd.it/i1vj45x9s6891.jpg?width=1366&format=pjpg&auto=webp&s=a5448425933f9a1a46dba1ec2ac4c18e280e7216 + + + +Well I'll be damned look at my balance!!! + +I now have 0.35899520 btc, I must now withdraw it into my wallet. + +&#x200B; + +https://preview.redd.it/liacq3qls6891.jpg?width=1366&format=pjpg&auto=webp&s=55548c2099057aba51dc54194b55c0155fb64c39 + + transaction is pending, it's really working!!!!! + +&#x200B; + +https://preview.redd.it/fsezgdd1t6891.jpg?width=1366&format=pjpg&auto=webp&s=1950e91db7a3f7bda41ecd00cd73429b5af2960f + +Maybe this wasn't a scam after all, maybe, just maybe I was about to get some free bitcoin. + +15 minutes later..... + +> ok, it's taking a bit long even for bitcoin + +&#x200B; + +[ ](https://preview.redd.it/57v8wyd2t6891.jpg?width=1366&format=pjpg&auto=webp&s=895f9bf3a05193dc822124481940befdbc5b02bd) + +transaction failed because I have to prove my identity be sending in at least $300.00 worth of btc, but I would get $10,000 USD so it's a bargain right? + +&#x200B; + +Friends, I did not send in the 0.01 btc to claim my 0.359 btc but many people do. + +Don't be one of those people. + +I know everybody avoids these scam links but thought you might want to see what it leads to if you actually decided to click on one. How some people get to this final step and decide that it's a good idea to go ahead and send in the 0.01 btc is beyond me. + +Remember + +keep it secret, keep it safe +Yahoo!Finance published an article on how Overstock was the first major retailer to accept Bitcoin and other crypto currencies as a form of payment. + +Below are the top comments from users. The quotes show how the public is still extremely skeptical about crypto currencies and don't appreciate how blockchain tech brings to the table. Still early days boys so load up! + +https://finance.yahoo.com/news/overstock-deals-bitcoins-wild-price-swings-145542616.html + +Steve: +Bitcoin is only worth what someone else is willing to pay. Intrinsic value =$0.00. Bitcoins are this decade's Beanie Babies. + +WiseGuy: +Bitcoin and other so-called "crypto" currencies are good for money launderers, tax evaders, criminal cartels etc. +Enjoy your stash until the whole thing explodes. + +oliver: +What is a Bitcoin investor ? Bitcoin is pure Speculation and is used widely to transfer money out where are restrictions see China, Russia, Venezuela, India where 80% are traded. The rest are speculants, not investors, who hopped on this train. No serious investor sees Bitcoin as an investment. + +MJS: +Bad Idea. Like saying i'll accept tulips for payment. + +UBanIdiot: +Bitcoin is a fraud underpinned by fairy dust and greedy dreams. Someday all will know it as -itcoin, preceded by Sh-. + +GaryD: +Currencies were invented as way for man to trade goods using a predictable measure of value. If you don't know what your currency will be worth in terms of goods and services from day to day, that currency is useless and will collapse. Bitcoin will collapse, it's just a question of when. + +JC: +Caribbean currencies of third world dictatorships don't fluctuate as wildly as bitcoin. Its why it will never be mainstream or widely accepted as a primary financial tool except for speculators in America. +The US savings rate hit an all-time high of 33% in April, up from 12% in March and about 7% last year, in the latest chart to show a ridiculous jump in the data due to this crisis. + + [https://www.cnbc.com/2020/05/29/us-savings-rate-hits-record-33percent-as-coronavirus-causes-americans-to-stockpile-cash-curb-spending.html](https://www.cnbc.com/2020/05/29/us-savings-rate-hits-record-33percent-as-coronavirus-causes-americans-to-stockpile-cash-curb-spending.html) + +Obviously, this is bad for the economy since it means people aren't spending, but I thought this was an interesting case study to the oft-asked question, *what would happen to the American economy if everyone saved 30-50% of their income?*, which is typically cited as a baseline saving rate for FIRE. Seems like for FIRE to work we need only a small % of people to be on the FIRE track and the rest to be spending to make sure the economy keeps growing. +I know people are leaving AT&T in anticipation for the reduction in their dividend. + +But why wouldn't people stay until they get free shares in Discovery once that occurs? It seems like free shares. + +I only have 50 shares of AT&T right now, but I'm planning on doubling my position before the split to get those free Discovery shares. + +Am I not seeing something here? +I have 70 shares of O at $68.16. + +My goal is 100. + +I have my next buy set for 10 @ $63. + +Been watching it today, and I'm wondering what others might be thinking? + +Also have my next order for MSFT set to 10 @ 245. + +My gut is we haven't hit bottom yet this month. + +Opinions? +One of my goals is to retire off of dividends in my early 40s- I'm 19 now, and I don't plan on having kids and I've always been a frugal guy. And yes, while I am in college, I'm debt free, and as long as I keep my grades up I'll most likely graduate without debt. + +I remember hearing from a friend that one needs roughly 3 million dollars invested in order to make 100,000 dollars a year in dividends. However, he said that to do that one needs to buy individual stocks, and frankly, I don't have the time or patience to research different stocks at the moment (I'm pretty busy with college and work). + +That being said, I'm curious if anyone knows of any funds that produce similar results (100k a year in dividends) with the same total investment (3 million). VYM seems good imo but I'd like to know if there are any others you guys can recommend. +With the market the way it is now I’m looking to reallocate funds and trying to decide what to buy. What do you think are good Dividend stocks or ETFs that are undervalued right now that should be a consideration in buying? +As a college student who has a boyfriend and other friends who aren’t struggling nearly as much as I am, I feel like the resentment and jealousy just build up endlessly and make me irritable and angry. The last thing I want to do is drive these people away, but I don’t have anyone in a similar situation to talk to. When I see them spontaneously drop $30 on a new video game for their top of the line Xbox or go out to eat and spend like $10 a meal I am just filled with jealousy that turns me into a bitter, ugly person. How do I get rid of these feelings and just not care that they can do more than me? +If you take a look at the SSE index, its total growth is, alright. But it's nothing compared to the S&P 500. So it seems that Chinese companies... Or at least their stocks, collectively haven't done that well compared to American companies / stocks. + +&#x200B; + +Yet China is considered an economic miracle. With billions of people suddenly rising to middle class life styles? +So the larger a firm grows, the further the cost per good gets reduced usually helping them achieve a large part of the market if not the entire market itself. Isn't this the counter intuitive against competition? Since one firm is only going to consolidate more power/resources etc. +In regular stock trading, an individual buys a company's stock, thus increasing the demand for that stock, and increasing it's price. A company's "worth," or what people think it's worth, is reflected by it's stock price. + + +However, in commodities trading, I'm just buying... What, what am I buying? Am I buying, literally, a share of the current stock of copper? Or am I buying a share of stock of a mining company that extracts copper from the earth? Where is my money going when I buy into commodities trading? + + +What is the linking mechanism between me owning stock of a commodity and the actual commodity? +I’ve seen that many of the economic crises faced by E.U. countries like Greece and Italy are in large part due to the fact that their economies are linked by the Euro but are otherwise independent of each other and follow completely different business cycles. + +The U.S. has fifty states, many of which have GDP numbers comparable to whole nations. They each have their own legislature, politicians pushing different economic policies and can issue their own debt. + +Why don’t we have the same issues with one Central Bank proscribing solutions for the group as a whole? What makes the economies of the states follow the same economic cycles as each other, or do they even do that? If not, what makes the Fed’s actions effective all around when the E.U. Central Bank seems to do as much harm as good, with some saying it’s policies only help the bigger countries like Germany? +I'm reading a book about on life insurance. It's specifically about life insurance in Germany, so what I've read might not apply to other places. + +So according to the book, insurance companies systematically and intentionally overestimate the mortality rate when issuing life insurance policy. This raises premiums which in turn gives the companies a bit of a buffer so they don't have to worry about becoming insolvent in case the mortality rate turns out to be higher than expected. There are regulatory requirements on this. + +This usually leads to premiums that are about 8 % higher than if the actual rates were to be used. The extra money they gain through this is then given back to the customer at the end of the year. + +Obviously, the customer would generally prefer to not pay the extra 8 % even if it means not getting any money back at the end of the year. A company that wouldn't charge those 8 % extra would be able to beat other companies on the free market. + +Now imagine you're someone really rich. You could open your own insurance company and use your personal fortune as a buffer for years when the mortality rate is underestimated. Then you wouldn't have to charge those 8 % extra. Regulators would also presumably be content, as there's not a significant risk of your business failing. + +Why doesn't it work like this? + +Thanks for reading! +I would expect this to be true because rich people simply have more options than poor people. For example, if you tax food i doubt it would create a lot of DWL because people still need to eat regardless of how expensive it is. On the other hand if you tax private jets then a rich person can easily just not buy one and still be fine. Likewise for income if you tax someone making $50k/year then what are they going to do? Its not like they can simply choose to not work, they still have bills to pay and mouths to feed. But if you tax someone making $10M/year then they can choose to not work because they likely have enough savings to live off or they can easily move to another location with less taxes. + + +Of course all of the above is just thought experiments. I wonder what the results are in reality. +First off, a little background info - I have a B.Com (India) and M.Sc in International Business (UK), both from well respected universities. After I graduated from my Masters degree, I worked as a banker for a year and a half in the Middle East. I left the bank job to start my own e-commerce company (also in the Middle East), which I ran for around 3.5 years. Unfortunately, I've had to shut it down due to the economic situation. + +I now live in Toronto. I've been struggling with my career here quite a bit. I've had some great interviews but the offers aren't coming through. I've had interviews with some top-shelf banks as well as start-ups, and the offers simply seem to disappear after 3-4 rounds. This has been going on for 8-9 months. I'm quickly approaching a year of non-activity on my resume and starting to panic. + +Almost every interviewer has told me that I have a great resume and I've done some good things, but I'm either "too high-profile" or "just not the right fit". Just yesterday I got another call from a bank saying I was in the running but they found someone else who fit the profile better. + +I've done well financially so I'm not hurting for money, but I am worried that my resume is starting to look a little bit tired due to this inactivity and my career might not recover if I don't get the right step-up on my resume. + +I thought I was done with academics after my M.Sc, although I really enjoyed it and did quite well (top 10% in the class). I've always known the loose direction I'll take my career in - private sector/industry for the first 10-15 years of my career before branching off into either a government/NGO/financial institution role. I'm rapidly approaching 7 years into my career (I did work before my Masters as well), and industry offers seemed to have dried up. I'm starting to wonder if it's time to rehab my career and resume completely and take aim directly at the Government/NGO/Financial Institution route. + +Towards this end, I'm seriously considering a PhD in Economics. I absolutely do not intend to get into academia after the PhD, and am doing it SPECIFICALLY to work with governments/NGOs/financial institutions (think WTO/CENTRAL BANKS/IMF etc.). I've also had a couple of interviews with a sovereign wealth fund about 10 months ago, but I do believe I was under qualified for the role. + +I've also considered an MBA but given my experience (academic and professional), I think it is redundant and not specialized enough. + +I realize that I do not have a Masters in Economics nor a Math background, so I'll have to pursue a Masters in Economics first and shore my Math along side it. I've narrowed down a couple of universities in Europe for my Masters following which I'd like to apply to the top-tier universities (also in Europe) for my PhD. I would like to study macroeconomics or international economics at that stage. + +I'm 32 now, assuming I start next year, I'm looking at an investment of 5-6 years from my side. By the time I get my Phd, I'll be 38. Is this too old to be in the job market with a PhD for the kinds of roles I'm looking for? Also, am I being absolutely delusional in thinking that this Herculean task is actually do-able given my lack of mathematical and economics background? Economists, please poke holes in this plan! + +Thank you! + +Edit - Thank you for all the input, folks! I really, really appreciate it! I think I'm going to explore some other programs like political science and public policy that seem to fit my background better as well. I'm going to take some time to recalibrate things. I haven't decided which direction to go in, but all this input has been really useful in contextualising the econ PhD. + +Again, thank you very much! Cheers! :) +I lost 2.7k on 5-Nov alone. Tried swing and day trades. Both didn't work for me. How do you enter and exit, stop loss , do you do day trade or swing etc.. Please elaborate as much as possible. At this time all I want is to get out of this loss. + +Thanks a lot in advance. + +&#x200B; + +https://preview.redd.it/7i4p1oopo0y71.png?width=1297&format=png&auto=webp&s=a0c6bacc1889735d5ffe884fb558d4bf7bf3c89f + +https://preview.redd.it/6n5j251po0y71.png?width=1195&format=png&auto=webp&s=5b10a2eb726ecd2ab36a24a393ac0ac5a81aead9 + +&#x200B; + +Edit1: + +Below are the transaction records for recent trading. I lack understanding of theta, delta etc. + +I tried to enter when price was above 9SMA line and exit when it goes below 20 SMA line. But due to loss, i thought of holding for sometime. recently tried buying 10 contracts a trade. It gave $100 to $200 profit within a minute when the trade goes in my direction. But this time i went opposite. Usually I use trade 1 option call/put at a time. Thought it resulted in loss since it was 1 contract not much of a loss. But since i traded 10 contract it resulted in huge loss. I was mad that it would eventually go up or i could break even. but at the end it didn't play out well. + +&#x200B; + +I don't have much defined strategy. that's why I would like to learn from you how you trade and get constant profit. One thing should have done is cut loss at early. But most of the time, holding helped me to gain at least $10 profit from 1 contract or break even. but in the worst case scenario like this resulted huge loss. + +&#x200B; + +&#x200B; + +https://preview.redd.it/pfnraiwz57y71.png?width=3347&format=png&auto=webp&s=39b255b8b62db4d14a31817ea2ddaa4d1e7e4097 + +&#x200B; + +&#x200B; +Good Weekend All! + +I am fucking actually jackked to the tits this week, not only am I seconds away from solving the who is u/Rick_of_Spades mystery. I've got more fucking Whale Teeth^(TM) than I can shake a pickle at. + +I'll break out the crayons here in a second. + +Butt first I need to get some serious shit posting done. + +# Part I : Who the fuck is u/Rick_of_Spades? + +**WARNING: POSSIBLE DD AHEAD!** + +Well some pretty damning evidence has come to light I'm gonna put this here because I'm not sure if I fully understand it. But possibly getting more eyes and wrinkle brains on the subject will help the community put the pieces of this puzzle together. + +[🤔](https://preview.redd.it/n2w61ghj0lh71.png?width=1198&format=png&auto=webp&s=0914309d41a1abf357f6151cecb7640bd130f5d5) + +A basic round of technical analysis on this would indicate Matt is in fact Rick\_of\_Spades. + +1. He doesn't own GME +2. Strange zoophilic obsession with ducks +3. Ducks can also be yellow + +[Obvious bullish trend reversal...](https://preview.redd.it/97qqq0ya2lh71.png?width=1196&format=png&auto=webp&s=24ed8bf102cfb9de0f4f4e234c56ea6f60bc270d) + +but even more recently evidence has come to light that his confession may have been coerced. As you can see from the image above this man is clearly trapped in a Susquehanna prison. + +Source: Lives in Philadelphia. + +Secondly, the lights at the Susquehanna Building were on at the time this image was captured. + +I was personally shocked when I finally thought I had it all figured out and the case was closed, the mystery only deepened when we discovered this... + +[Prominent data scientist displaying the same bullish trend](https://preview.redd.it/hldaa7og2lh71.png?width=1200&format=png&auto=webp&s=d3fdc7f29bbc8d232e51494e81f97b78ef5025f3) + +Just when we thought we thought the case was solved, a member of this community reached out anonymously and provided us with this. + +[This image showing a basic continuation trend, trading sideways I wonder why?](https://preview.redd.it/r98w6vgw2lh71.png?width=1194&format=png&auto=webp&s=5b2ec3a1df2b3264f9e17891b7f70e925d7a444e) + +Based on current trends I think we will be seeing more evidence in the next few weeks as the price begins to climb and bets are laid on the table so to speak. + +I think ultimately we have gotten nowhere, but this is what I have so far, maybe you guys can help me expand this thesis? + +[Rick\_of\_Spades Thesis ](https://preview.redd.it/jguic2455lh71.png?width=1452&format=png&auto=webp&s=2c6cab2cbb67fe34abad9d6e481b0329d2f233f9) + +Hopefully the community can come together as I have seen so many times in the past and solve this mystery for all apes so we can eat our bananas in peace without wondering if we should wash them first. + +A huge thanks to @ stupidc\*nt and @ dancanidaho for the assistance in this research + +\^ /s + +Now for the Technical DD + +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... + +11pm EDT/UTC-4 + +# Part II: Technical Analysis + +**Section 1: Previous Analysis** + +So let's take a look at our expected trend for last week and where we actually ended up. This is the bearish trend prediction from last week overlaid on the actual movement. While a test of 180 was expect and then a return to 162.5 by the end of the week only one of those came true. As volume never came in the expected breakout got stifled at 166.90. GME did however close out the week above the $160 max pain which is pretty significant going into this coming week as the trend begins too look more bullish and this bounce continues to confirm. + +[Expected price action in red transparent bars](https://preview.redd.it/8mfdtiv88lh71.png?width=2192&format=png&auto=webp&s=8c55943471ea6018e4426a6a8891acc1da9a034f) + +**Section 2: The Ascending Triangle** + +We have continued to follow the Ascending Triangle formation that we have been watching. We had really weak bounce last week but a bounce all the same. The low liquidity and subsequently low volume means that we are following these trends but the range of movement is stifled. This week really doesn't look like there will be any negative trend to speak of so lets see if we can analyze the forward moving price action but maybe reduce expectations to compensate for the lack of volume. It should look something like this. + +[Possible Price action based on historic trends, volatility has been reduced to compensate for low volume.](https://preview.redd.it/lrxw0hl3elh71.png?width=2455&format=png&auto=webp&s=706e197b12779dd10123399438a92e8b21f30c02) + +If volume continues to trickle off and none comes in toward the end of the week, we may see something like this occur. + +[Low volume and volatility trend](https://preview.redd.it/njisi08uelh71.png?width=2451&format=png&auto=webp&s=8768572e82d6861d381b245e835291c54225080f) + +Lastly just an overview of the whole formation + +https://preview.redd.it/666xorg7flh71.png?width=2449&format=png&auto=webp&s=12dc4c229923cf545e4e8a14cf29c75d405bafdb + +Since we are looking at a multiple scenario outcome again lets see if our indicators can give some idea of which is more likely. + +**Section 3 : Other Indicators (oscillators)** + +**MACD** + +MACD crossed over pretty convincingly this week. With some decent divergence of the signal line it does not look "false" like the last crossover event. This is solid bullish signal indicating the we should be seeing an uptick in volume and volatility moving forward. One other note MACD has never crossed over so far below the zero line, this could mean that the upside movement may be explosive. + +[MACD crossover on the 1D](https://preview.redd.it/v466sd71hlh71.png?width=1645&format=png&auto=webp&s=016165136e39fd5d2f6133bbd8e75bfb6383d184) + +**Stochastic RSI** + +There is a D-K crossover currently on StochRSI it's weak and I expect it to continue to break to the upside, but it could indicate a bit of a flat week ahead. This is generally a bearish signal but because I have smoothed out StochRSI so much this could just indicate a break in the short-term up trend. + +[StochRSI on the 1D with 14\/14\/21\/21 smoothing](https://preview.redd.it/pylko1h6jlh71.png?width=1644&format=png&auto=webp&s=2e8c5c6b638416460f53584b8d058fa4d7824390) + +**BBKC Squeeze** + +Well BBKC fired on the one day as of Friday indicating incoming volume and volatility coming in. We actually had a signal on this indicator a few weeks ago unfortunately the direction that it broke out wasn't ideal. This can be determined by using TTM squeeze or looking at MACD. Since MACD is pointing up and TTM looks ready for a turn to the upside. I expect this to play out positively. + +[BBKC and TTM Squeezes on 1D Timescale](https://preview.redd.it/wsu3r3flmlh71.png?width=2464&format=png&auto=webp&s=aeb885792347078a14bae0c63a24dc89bb00be16) + +**RSI** + +RSI is continuing to look strong after that bounce on YTD lows indicating more uptrend is in store for us as we head back up towards overbought. + +[Bullish trend continues on 1D RSI 6\/14](https://preview.redd.it/h6xr6x79nlh71.png?width=1641&format=png&auto=webp&s=fd4fa7ffcd70f1748f535ce53724e22021b25f45) + +**SECTION 4: Technical Conclusions** + +It looks like we may see a flat day or two but volume and volatility are definitely coming. It looks like the first of the two trends is more likely but there is some indication that we could have a few flat days ahead. + +TLDR; We could trade fairly flat in the current support resistance channel but if volume comes, and it is expected, we are going up...fast. + +# Part 3: The Market + +Edit 1\* Also Military Industrial Complex go BRRRRRRRRRRR! + +Not a lot to say here this week I expect the exuberance of the infrastructure bill to continue to cement confidence in the market in the short term as the warning signs become more and more apparent. The market currently feels like a bull that is running straight into a wall. + +https://preview.redd.it/yllava5xolh71.png?width=259&format=png&auto=webp&s=33173ba462c1ea7eac438661ed6fe6573f2fad4d + +Either way I'll continue to update correction zones and let you know about the P/E till I see a change in sentiment. + +[Current correction indicator](https://preview.redd.it/a86ponhbplh71.png?width=1642&format=png&auto=webp&s=c0069c79bcbf3fedabe37816f94ecf7fb98e005e) + +&#x200B; + +[Shiller Index or P\/E up .27 from last week. ](https://preview.redd.it/h3wsf8llplh71.png?width=1034&format=png&auto=webp&s=a9a4e549622085fac7cdf8815ef053948b937bbe) + +# PART IV: Conclusion + +The Market continues to chug along in complete ignorance of it over-valuation constantly chasing that next sweet, sweet, hit of liquidity. GME on the other hand is looking pretty good. We have a lot of indication that volume will be picking up in the next few weeks as we prepare to move towards our next test of that 350 resistance. But I think the question on everyone's mind is, will it be the last test? As the liquidity dries up, bid/ask widens, and apes continue to buy and hold. + +It really is starting to look like the only thing ahead is up... + +If you want to see more information on this subject matter feel free to join me in the : + +If you missed my [Discussion on the GameStop thesis with Tradespotting check it out here](https://www.youtube.com/watch?v=kT-8XqqQcug) + +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\* + +If you want to assist in my Rick\_of\_Spades DD or love WhaleTeeth^(TM) Check out my [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. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I hit FIRE and pulled the trigger two years ago from today in October of 2020. It's been quite an amazing two years filled with wonderful travels, new ventures, meeting loads of people, and just living the good life. I thought I'd just run down my finances for those interested in what FIRE finances actually look like and what i've been up to. + +# Background + +I hit FIRE in Oct 2020. I am from the US and worked my whole career in Financiail services. I moved to Europe in beginning of 2019 for a work opportunity and I decided to call it quits at the end of 2020 because it was time to move on to the next phase of life. + +Prior to FIRE, I had always traveled every opportunity I got but it was only for a few weeks at a time since I had the pressures of a job to go back to. Post FIRE, my plan was always to travel the world full time and live in different places for a few months at a time. As well, I wanted to pursue other passions of mine like surfing, diving, blogging, and more. + +# What have I been doing? + +On to the fun part of the post. Since I hit FIRE in 2020, I've essentially lived out my dream of traveling full time and living in different parts of the world. Even before FIRE, I had been to 70 countries so this lifestyle was nothing new for me. I spent 3 months in Zanzibar after hitting FIRE. This was the beginning of the second wave of COVID so Tanzania was the only place really open. The rest of the world was in a perpetual lockdown so there was no reason to partake in any of that. + +After Zanzibar, I went to Egypt for a few months and did more diving and kitesurfing while working on my blog. Egypt was mostly open with warm weather and wonderful people. After spending most of winter and spring in Egypt, Europe was finally reopening from their lockdowns so I flew back to Europe and traveled with friends through a dozen countries or so with a lot of new countries on the list (Albania, Macedonia, Bulgaria, Romania etc.) and of course some timeless classics like Greece, Italy, Spain etc. + +I spent most of the fall traveling through Turkey, Georgia, and Armenia which was incredible (love this part of the world). In December, Asia was FINALLY starting to reopen which always was where I really wanted to go. In fact, I wanted to go to Asia in 2020 but who knew it would be closed for the next year. + +In December, I spent the month in Thailand which was incredible. I had visited the country many years before but it was a perpetual shitshow with the amount of tourists. This time around, I was able to visit Bangkok's beautiful temples with hardly anyone there. The beaches in the Andaman sea was so peaceful and calm it was probably what tourism in Thailand was like 30 years ago. + +After THailand, I decided to go to Bali which is one of my favorite places in the world. I had to do a week long quarantine to actually enter the country because of their strict covid rules but afterwards it was heaven on Earth. I remember Bali as being this crazy busy and overpacked place but it was just an incredible place to be during COVID. + +THere was no mass tourism during this time because no one would agree to a long quarantine but there were enough Digital nomad style people calling it home to make things interesting. I made loads of friends and absolutely loved the digital nomad style of life. I met some extremely interesting people during this time, far more interesting than 99% of the people I met during my time in finance. Crypto bros, fitness bros, regular bros, serial entrepreneurs, overly spiritual people (okay these were a bit weird but what can you do), anti-vaxxers/conspiracy theorists (See previous) real estate developers, loads of Russians who didn't like Putin, semi-pro influencers and everything in between. I didn't really do much in Bali besides just live in my villa, go to the gym, coconut sunsets, hiked around rice fields, work on my blog, and diving here and there. There are more beautiful cafes per square km than anywhere else in the world. Along with fantastic restaurants, chilled beach bars, and a vibrant expat scene, it was heaven on Earth. + +I spent only $2k a month in Bali living the high life. I had a beautiful villa and pretty much did whatever I wanted to whenever I wanted. I was also in the best shape of my life since college as I just hit the gym and surfed everyday day. + +I lived like this for the greater part of 5 months which was just incredible. Eventually however, Bali did reopen to tourism and the crowds started showing up. Obviously, I'm not naive enough to think I could just have Bali to myself but it was fantastic while it lasted. From May 2022, I started finally pursuing my dream of working as a dive instructor. Diving has always been a big passion of mine and this was always the post FIRE plan. Indonesia has the best diving in the world and I always knew I wanted to come back and teach in this part of the world. With COVID, 95% of the "old guard" of dive professionals quit and went back to their home countries. A lot of these people got "normal" jobs and few of them wanted to comeback to the world of diving when things reopened as they settled into their new lives. THis opened up countless opportunities for me and I was able to get a job at one of my favorite areas in the world. + +I knew the owners of the resort and told them to just give my salary (not much about $900 a month) to the local staff. Most of the locals went back to their villages to their traditional professions like fishing or seaweed farming which pays almost nothing. My living accommodations and food are paid for at the resort which is standard since it's in the middle of nowhere. I've done this for the last few months and absolutely loved it. It's probably the most rewarding thing I've done in my entire life thus far. + +I'm taking a 6 week break currently. I went to Greece to meet up some friends and then we all went to Oktoberfest which is a timeless classic. Now I am writing this post in Cyprus while visiting a friend I made while in Bali. Cyprus is one of the last countries in Europe for me and a nice €60 Ryanair flight meant it just had to be done. Cyprus is a bit boring not gonna lie so I will probably go to Lebanon as I just discovered they have €35 flights to Beirut which is one of my favorite places in the world. I have another wedding in the South of France at the end of the month before going back to SE Asia. + +# Finances + +NW at Oct 2020 - $1.3m in stocks, not factoring in my real estate + +NW at end of 2021 - $1.8m, no real estate + +&#x200B; + +**Market Update** + +As far as finances go, I've been doing alright in this bear market. THe markets are about what they were when I FIRE'd, perhaps a little lower which is never a good feeling but just the risk you take with your sequence of returns risk. The bear market of 2022 is definitely the worst market I've ever been a part of. I was too young for 08 with no money in the game and COVID was over before it started. 2022 is just a non stop slow bleed down 30% and doesn't look like it will end until the FED pivots. It really feels like an inflection point of sorts as the FED has left the markets. During my entire 14y stretch of being an adult, I've essentially invested in a FED market. In the end, no one can predict the future but it just feels like we are due for slow anemic appreciation in the future. For now, I just try not to look at the total portfolio value much (once every quarter) as really serves no purpose in the short term. + +&#x200B; + +**Strong USD** + +The one positive from the last year has been the extra strong dollar. This of course is bad for stocks but great for those living outside of the US. It's actually brunted the impact of inflation in many of the places I"ve been staying in. For example, a Mas of beer at Oktoberfest was 11.5 Euros in 2019 ($13ish) and this year, the mas was 13.5 Euros ($13ish). + +Talking to my friends back home about the rapid rise in prices, I honestly couldn't imagine worrying about my finances in the US so props to those FIRE'd in the US in these times. + +&#x200B; + +**Light Trading** + +In 2021, I made some very successful trades at the beginning of the year capitalizing on some of the YOLO hype. Sorry FIRE purists, I just couldn't resist. In 2022, I haven't done much besides sell some far OTM options to generate a little bit of income. In addition, I've also purchased puts (only $1-$2k worth) around CPI and FED speeches just as a way to hedge my portfolio which has worked out well. Seems like every time Daddy Powell opens his mouth the market tanks. + +&#x200B; + +**Selling my apartment in NYC** + +I sold my apt in NYC Q2 of 2022 which was fantastically timed. Markets were doing very well in Q1 before rising rates crushed demand and now I don't even want to imagine how difficult it would be to sell there. All in all, I took away $200k from this sale which I have been slowly DCA'ing back into the markets. + +With the money, I also purchased $20k ($10k personal and $10k on a sole prop) of i bonds. Not sure if this was the right move but I reckon a \~8% ROI over 15 months is quite alright if I wanted to sell early. + +# Withdrawals from Portfolio + +I've always planned for a variable withdrawal rate because I just don't know what my life holds and where I will be. The idea of staying in one place and just chilling was never my idea of the perfect FIRE life. Therefore, I knew that some periods I would spend much more and others I would spend almost nothing. That's been put into real life practice now. + +&#x200B; + +**Withdrawals 2021** + +I made multiple withdrawals in 2021 to the tune of about $45k which was just shy of 4%. I try not to time my withdrawals but I always reckoned withdrawing near ATHs is as good of a moment as you can make it. 2021 was the bull of all bulls so this was easy to time. + +I also made about $15k from blogging during the year which helped supplement the lifestyle. Some of this money I spent but most of it I just reinvested. + +I really did not hold back on anything during this year. I traveled to 15 countries or so and pretty much did whatever I wanted to. + +&#x200B; + +**Withdrawals 2022 - Almost nothing** + +In 2022, I took one withdrawal in Feb 2022 and I've essentially just paused all my future withdrawals until markets recover. While I spent a lot of money in 2021, I didn't need to spend nearly as much in 2022 as the lifestyle in Bali was so cheap. I covered most of my expenses just from my blogging income alone which really picked up this year. And now, I have little to no expenses for the foreseeable future but let's see how long I want to be an instructor! + +&#x200B; + +**Blog Income** + +I've had a blog for many years but really put some more effort into in recent years optimizing SEO and all that stuff. At the peak, it was getting about 2.5-3k sessions a day, and along with advertising, affiliate links and other things, it was generating $2k at its peak. Now I reckon it is generating between $1-1.5k a month which is definitely helps with lowering the withdrawal rate. Something about blogging really brings me joy and is soothing in a weird way. Whether I FIRE'd with $10m or $1m, I'd be doing the same thing. + +&#x200B; + +**Portfolio value Oct 2022** + +As of writing this post, I have + +$1.4m in stocks + +$110k in cash + +$20k in Ibonds + +I don't need so much cash but I am just still DCA'ing it back into the markets. I've withdrawn almost no money this year as my expenses have been very manageable. + +&#x200B; + +**TLDR:** + +\- FIRE'd in Oct 2020 with $1.3m in stocks + +\- Traveled the world and back during that time + +\- Lived in Bali for 2022 and became a dive instructor which was always the long term plan and passion + +\- Blog income and being a dive instructor meant almost no withdrawals in 2022 to ride out the bear market + +\- Bear market bad but still doing good + +&#x200B; + +**2023 Goals:** + +\- Work on a liveaboard, preferably in Raja Ampat + +\- Travel to more of Asia, still need to go to Vietnam, Laos, Korea, and Sri Lanka + +\- Visit Australia and NZ + +\- Get better at kitesurfing +Have you tried using a rule-based learner like decision tree, random forest, genetic programming, rule induction or association rules to search for trading signals/rules? + +What are the limitations and things-to-avoid using this approach? + +I've been thinking of extracting rules where the label could be the signal {-1, 0, 1}={Sell, Flat, Buy}, which are labelled using the next day's return (e.g. IF Return\[t+1\] > 0, THEN Signal\[t\]=1). And the features/factors to use are discrete variables and stationary time series. + +The dataset have a structure: + + (Signal | Factor1, Factor2, ..., FactorN) + +Concrete Example: + + (Signal | RSI20[1], MA50[1]-MA200[1], MA20[1]-MA20[2], Hurst[1], Volume[1], DayInWeek[0]) + +We train this dataset to a decision tree (with height 4 to avoid too much rules) and apply some variant of cross-validation to avoid overfitting. + +[Example of extracted rules from decision tree](https://preview.redd.it/t9kxa1stlge61.png?width=588&format=png&auto=webp&s=ff4fe182235605e1d4a930a10a69ff591179fad1) + +Once the rules are extracted from the decision tree, (this will sound stupid) we can backtest each decision path as a separate strategy instead of the whole decision tree model. +Hey everyone, + +I was playing with my dog today and started thinking about the costs associated with owning him. I remembered there was a post on this sub not too long ago that broke down the cost of owning a dog so I though it would be good to give y'all another dog ownership cost assessment. This is all the costs my GF and I have had in the first six months of owning our dog plus what we expect to pay for the rest of the year. + +Adoption Fee - $40 + +Dog Crate - $65 + +Dog Collars, leashes, and seat belt - $45 + +Dog Tag - $45 + +Heartworm, Tick, and Flea Preventative Medication - $150 every six months, $300/yr. + +Toys - $80 to date, projecting another $40 in the next 6mo. + +Pet Insurance - $45/mo, $540/yr. + +Dog Food - $55 every six weeks, $476/yr. + +Hygiene (includes nail trims, shampoos, teeth care, etc.) - $14/mo., $170/yr. + +Treats (we opt for a combination of bones and soft treats) - $21/mo., $250/yr. + +Annual Exam + Booster Shots - $300 + +**Total Cost: $2,351** + +Regarding pet insurance, unless you have a beefy savings account and no other things to save for (like say a down payment on a car/house, a wedding, etc.) -- or you are willing to put a large pet bill on a credit card -- you are better off getting pet insurance. Enrolling in this will make sure you can afford a large pet bill and not have to compromise on your pet's care. That said, do your research on each pet insurance provider and be sure to enroll your pet as soon as you can if you do decide to purchase it (pet insurance providers will not cover anything associated with an accident/illness that occurred before you enrolled your pet). + +Hopefully this provides y'all an idea of how much a dog can cost in the first year. Obviously some of these expenses are optional/flexible, so it really comes down to how much you are willing to invest in certain things. At the end of the day, dog ownership is one of the most rewarding things you can do. Having this 55lb rugrat has been so much fun and has taught me a great deal. +For real, this whole space is absolutely ridiculous. Twitter and Telegram are the biggest echochambers ever. Its always "DYOR" but when someone does it and is bringing up flaws he gets ridiculed as FUDster and called "I bet you bought the top and are down bad". + +FUD means "Fear, Uncertainity and Doubt" and not "blatant lies". If the doubts are legit you should definitely reconsider your investment. The LUNA debacle speaks for itself and only one months later we have Celsius Network suspending withdrawals after appearantly sending hundreds of millions of funds to FTX. Both of those outcomes have been predicted by many and have been brushed off as FUD. + +Stop creating echochambers, it hurts everyone and most importantly, it makes the cryptospace look like a goddamn cult. +Energy is the hot topic right now. This scientific paper compares bitcoin’s energy use with the energy consumption of the traditional banking system, which it seeks to replace + +A noteworthy slice is that the lightning network is even more energy efficient. A single lightning transaction is calculated to be 400,000x more energy efficient than a single transaction in traditional banks +Per the title, SEC rule 606 requires all brokers to hold a log of where all of their clients trades are routed, effective 1 Oct 2019 (form 606(b)) + +Per SEC rule 606, +"*Report 606(b)(1) + +Upon request, XML and PDF reports for held, exempt not-held and options orders +Detailed order execution data, including execution venue and time for any customer order +Firms must begin collecting data October 1, 2019*" + +https://s3.com/sec-rule-606-reporting/ + +There has been a lot of talk about our orders from brokers going through dark pools and other venues, and sell orders hitting the lit exchange. Brokers must be able to provide the form upon request. + +The following image is taken from another sub (which is not allowed to be named here) +https://imgur.com/a/zz86OcB + +I will be requesting my form from any brokers that I still have shares in tomorrow morning and will hopefully be able to verify our theories. +Deutsche Bank is the first major bank to forecast a US recession. "We will get a major recession," Deutsche Bank economists wrote. + +The problem, according to the bank, is that while inflation may be peaking, it will take a "long time" before it gets back down to the Fed's goal of 2%. That suggests the central bank will raise interest rates so aggressively that it hurts the economy. + +Thirty-eight percent of small US business owners say inflation is their biggest concern, twice as many as the second place “supply chain disruptions” (19%) and well above Covid-19 (13%) and labor shortages (13%). + +In case of recession, where should one put his money? +Hi all, + +I’m sorry in advance that this post seems very trivial, especially in comparison to the heartbreaking post from yesterday but I didn’t know where else to ask. + +A few days ago I went to Burger King drive through and paid on card, the transaction was taking a while to go through and in the end the terminal timed out or something, I was told the transaction did not go through and was asked to pay again. I quickly pulled up my online banking and showed the manager that it was in my pending transactions, but he said it will drop off overnight and gave me a printed receipt to say the transaction failed. I wasn’t convinced but I ended up paying again. + +Today I noticed that both transactions have now gone out of my account (not pending anymore). I am a bit annoyed, not because of the amount but how dismissive and rude the manager was. + +I don’t know how to get this money back now, do I go through my bank or go to Burger Kong and demand they do a refund? + +Thanks in advance +[TL;DR](https://imgur.com/a/opIOtGO) – There’s been some issues with the concept of “Critical Margin” that’s come up in the last few weeks that need to be addressed. This will be a counter DD mixed with some discussion on my Taste the Rainbow model which I think some of the Critical Margin ideas have carried over from. Some of you might want to take your shoes off so you can count to 20 because we need to discuss math. + +Hi Apes, + +I’ll start by saying that this is not going to be one of my normal posts where I cover how the price is moving in the (Taste the Rainbow) TtR model. What I’m going to be discussing is a counterpoint to a few posts that have come up within the last few weeks that described a critical margin line. And as much as I like lines, I don’t believe a line is the best way to think about where Marge might live. I’m going to break this post up into the following sections + +**1) Reviewing the Critical Margin Line concept** – this is to catch up people unfamiliar with the idea and cover where I believe the weaknesses exist. + +**2) Marge’s Cloud** – I’ll present my idea on the better visualization for where Marge may live. + +**3) Current Taste the Rainbow model and Marge’s Cloud** – TtR has gone through a few iterations since I first started this in mid-March. I’ll explain how the current model has shaped my views on Marge. + +**4) Things I AM Hyped About** – The spoon full of sugar to help the medicine go down. + +**5) How TtR was built** – Some folks will find this section either unnecessary or uninteresting, but I’ll cover what went into building the model and how you can reproduce it yourself. + +As a last note before I begin, I’ve drafted this post a few times now to word my explanations as clearly as possible. But the truth is that some of this stuff is just kinda dense and towards section 5 a bit boring. So please, if I lose you along the way or you’d like further clarity then drop the question in the comments. Summer break just started for me and there’s really no question (even if it seems smooth brained) I won’t spend time answering. + +Ok Marge, lead us into the first section. + +[all thanks to KingSnakeJones for this one](https://preview.redd.it/0d8zzfxfj4891.jpg?width=864&format=pjpg&auto=webp&s=983ef23b891d36c850eff3cb1edd0a324daadc4b) + +# 1) Reviewing the Critical Margin Line concept + +What seems like ages ago, I posted my first "[Taste the Rainbow](https://www.reddit.com/r/Superstonk/comments/tbdkgp/taste_the_rainbow/)" DD on March 10th. The opening paragraph of the post… + +“*TL:DR – This post theorizes on a descending margin call line. Using an angled fib channel, we can spot zones the price has reacted to all year. These zones run parallel to the line created each time the price runs and is hammered down immediately afterwards. This is not a date hype post or price prediction post. I’m sharing what I’m currently looking at on my chart because I think it shows that the price hasn’t moved in crazy motions due to retail, but rather trading algos that determined a price months in advance…”* + +Along with talking about Marge as a trendline that connected peaks on March 10, 2021 and November 3, 2021 the second point was that our price movements were also moving along that same angle which is why I included a fib channel. I did weekly updates on that model and how it was performing, and as time went on I experimented with multiple channels of various depths but maintaining that top angle, each time trying to figure out how to best represent what I saw that included the entire saga. That was the early design though and I’m going to cover how the most recent version of TtR was built later. + +On May 30th u/-einfachman- posts “[Burning Cash](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/)”. The points made in that DD relating to critical margin were that Citadel had been losing customers and the borrow fee increasing meant spending more cash. Also, DRS causing havoc on them as well as it shrinks the door on closing. These can be factors in a firm’s collateral decreasing since it is reducing the money they have available and making it more difficult to borrow, however we also need to consider that Citadel isn’t the only player on the other side of this game and that Citadel the hedge fund vs Citadel the market maker is a difference of billions of dollars and even if they are having extremely wealthy clients leave, there is still the market maker side of the business that is much larger. The idea holds water though because investors trying to get out of the hedge fund SHOULD mean the value of their books is decreasing. + +In the post, Ein referenced the earliest TtR model as that being the rate that marge was falling. However, like I said I had been experimenting for months to improve the model and that original pic was outdated by that point even to me. But shortly thereafter, more posts about critical margin came out but their applications of math and charting have been problematic. + +On June 6th u/Scienceisexy posts “[Gamestop Critical Margin Theory](https://www.reddit.com/r/Superstonk/comments/v6cwds/gamestop_critical_margin_theory/)”. Their line used the coordinates of June 8, 2021 and March 29, 2022. In this post, OP attempts to solve for the rate at which margin is increasing for the nitwits on the short end. OP claims that they can use the following equation to solve for the rate that maintenance margin is increasing and deduces that it is increasing for the shorts at a rate of 95% a year. There is a glaring issue with the post however. The issue is that the equation below solves for simple interest. You can find a calculator for it [here](https://www.calculatorsoup.com/calculators/financial/simple-interest-plus-principal-calculator.php) + +A = P(1 + rt) + +\*A=Net Liability, P=Initial Short Price, r=Rate of Growth/Decay, t=Time + +The equation above is what was used in the post. However, (A) should be Accrued Amount (principal+interest), not Net Liability. (P) would stand for principal, not Initial Short Price. What OP’s -53% is actually telling us is that if you wanted an investment to go from $344.66 to $199.41 in 294 days that it would need an interest rate of -53% a year. So I charted this out to help folks visualize this. + +https://preview.redd.it/ignqd3qok4891.png?width=1350&format=png&auto=webp&s=ec09ded749e4d575c1eed399b9ae9c07ddcca418 + +If I use OP’s coordinates to draw their critical margin line and just continue it forward until it reaches a full year then we can see that on March 29th the investment has dropped 42.5% and by the following June 9th (3 months later) its now -53% down from where it began. I have no idea why OP decided to add these two numbers together. It’s a line, the rate is -53% a year and -42.5% is the place they picked as their second coordinate. More important, this is NOT how you would solve for maintenance margin. + +The [correct equation](https://www.wallstreetprep.com/knowledge/maintenance-margin/) would be + +\*\*Margin Call Price = Initial Purchase Price \* (1 - Initial Margin percentage) / (1 - Maintenance Margin percentage)\*\*​. + +But unless you work at the lender or you are a nitwit short, you do not have access to any of the above variables and you are not solving this equation. Not to mention, after this week’s GME report maybe it really doesn’t matter since margin is something they’ll waive off if it’s inconvenient or catastrophic. + +(*there’s actually a few other problems with that post. OP somehow pivots from calling it maintenance margin to the borrow rate which are not the same thing. They also suggest its possible to borrow an ITM put contract, it’s not. You can buy or sell an option, you can’t borrow it to exercise. So this combined with them rounding up their 95% number that had no reason to exist and claiming it’s related to options because those are sold in groups of 100 all makes for a DD that makes no sense whatsoever*). + +This post by u/OscarDeeGrouch came out on June 24, “[Fun with Math starring the Critical Margin Line](https://www.reddit.com/r/Superstonk/comments/vjswrf/fun_with_math_starring_the_critical_margin_line/)”. In this post, OP uses the coordinates from the Critical Margin line to find it’s slope and determine the rate of price decrease. OP uses 2 data points to determine the slope. The math is accurate, y=mx+b will indeed help you determine the slope of a line, but it’s also not telling us much. There’s at least 7-9 real peaks GME has seen depending on what you want to call a peak and there’s no rhyme or reason why those two were picked and why sometimes the price bounces off the line or crosses it or doesn’t quite make it. So why do these 2 particular peaks determine the slope and not all peaks? + +Lastly, there’s been apes posting their own version of the critical margin line, none of which are the same line. + +[Now did I use Marge Simpson's color scheme on accident?.......yes, yes I did.](https://preview.redd.it/zbzv0pqhl4891.png?width=1350&format=png&auto=webp&s=5947f5327a7caff100b36d6a8b0047ddfd81564f) + +[Red](https://www.reddit.com/r/Superstonk/comments/tbdkgp/taste_the_rainbow/) – The original TtR coordinates of March 10, 2021 and November 3, 2021 + +[Green](https://www.reddit.com/r/Superstonk/comments/vju3k0/the_line_of_critical_margin_was_breached_today/) \- This line displays improperly because OP used a single line chart when graphing and none of its peaks line up with how any other chart was made. + +[Yellow](https://www.reddit.com/r/Superstonk/comments/vj455y/knocking_on_heavens_door/) – u/ScienceisSexy post that placed the line across the peaks on June 21-23 + +[Orange](https://www.reddit.com/r/Superstonk/comments/v6cwds/gamestop_critical_margin_theory/) – u/ScienceisSexy using the peaks on June 8 (2021) and March 29 (2021) + +Blue – This one was sent to me about a week and a half ago on Discord with the idea that it should have ALL data below it. + +And for anyone whose been reading these posts, if you don’t look at all of them stacked up together then you might be left thinking “wow, all of these folks are seeing the same thing”. But because I’m a real stick in the mud, I’ve charted them on a single TradingView page and you can see them all stacked up [here](https://www.tradingview.com/chart/GME/hFwu3MA5-Disagreements-on-Critical-Margin/), though you will need to do this from a computer to be able to drag the chart around. Each variation has their own reason for why it believes it is adequately telling you where marge lives, but it’s pretty clear that it’s not one set line that exists. + +**To summarize the above** + +\- We can’t only look at anecdotal evidence from Citadel when considering how badly the shorts books are burning. It’s sizable piece of the puzzle but it’s one piece. + +\- There’s no access to the data that apes would need to mathematically prove where marge lives + +\- Apes don’t have a unified theory on a critical margin line. + +\- The DTCC [waived](https://www.reddit.com/r/Superstonk/comments/vjr1wb/the_dtcc_waived_97b_of_collateral_requirement_for/) a massive collateral requirement during the sneeze. + +To get you thinking about what’s coming next, I want you to consider this picture. + +[Damn, maybe I subconsciously am using her color scheme](https://preview.redd.it/y8snfi6bn4891.png?width=1350&format=png&auto=webp&s=454797c4bc237fee86979b8c929be793bf482cfe) + +The colored bars up top are the major indices over the same period of time as the GME saga. These have been compressed vertically a bit so they fit the screen and it’s just to give you a sense of what they were doing. I want you to imagine the possibility that the white curvy line is marge. + +\- The curve follows some of the contours of the indices. The nitwit shorts are diversified across many investments (and not just stocks either) so it stands to reason that marge wouldn’t need to be a line at all, it could be flexible to reflect the shorts books changing and what collateral requirements they can meet. + +\- The curve occasionally makes contact with peaks, but I could have drawn this same idea while skipping some peaks. + +\- The price soared above the curve during the sneeze, so maybe its possible that is the reason they waived the collateral requirements. + +There are going to be lines later on in this post, but I believe the above section is reasonable evidence to make the claim that thinking of marge as a line is not correct. With the Senate report showing that major players are willing to waive margin requirements, why would marge even need to be a line? So instead, I’d offer up this instead…. + +# 2) Marge’s Cloud + +[Went cheap with the graphics for this one](https://preview.redd.it/18scsm9on4891.png?width=1350&format=png&auto=webp&s=883eb1128cb14a1f4d2991adbe02c93c56245911) + +Somewhere above the price, marge may or may not exist. It’s not a number we can solve for, it’s constantly going to be in flux depending on what shorts can produce as collateral, it does not necessarily have to be moving with GME’s price, and we can’t be absolutely sure a lender will phone her in. We may have made contact with Marge at some point, but we can’t be certain. + +I don’t mean to be a raincloud over anyone else’s hype, and I’ll give plenty of reasons later on why I’m in good spirits. But for anyone whose been watching a line and thinking “holy smokes it’s going to cross this and suddenly the price will fly up and MOASS has engaged”, you may want to temper your expectations. Because when we don’t do that we get posts like [this](https://www.reddit.com/r/Superstonk/comments/vju3k0/the_line_of_critical_margin_was_breached_today/) which claim there was a massive spike in the VIX at the exact same time GME started getting hammered down. And there’s issues in jumping to conclusions like this. For one, like I established above there were at least 5 different variations on critical margin, it crossed one that was based on 3 tops the previous days (yellow in the variations chart). Second, look at VIX and GME over that entire day + +https://preview.redd.it/qpapr2kzn4891.png?width=1350&format=png&auto=webp&s=13ac1344549d2333893091a5b16575a157e493b2 + +It wasn’t nearly as simultaneous as the post makes it seem. IF (and big IF) crossing that line mattered, the cross happened at 9:32. GME peaked around 9:46. The VIX halt happened at 10:00. And let’s not forget, VIX tracks the volatility of the S&P 500. Not the entire stock market. And GME is not in the S&P 500. So let’s compare the Salt and Pepper and VIX at that time… + +https://preview.redd.it/15vfnlw6o4891.png?width=1350&format=png&auto=webp&s=5f62498d7c0988fa87a1c383964e1f7843373ebb + +In the 30min since the market opened that day, the S&P shot up a little over 2%. Apple, Microsoft, Amazon, Telsa, Google, Nvidia, Meta (fuck them it’s still just shitty Facebook), all of those stocks and more which are the biggest in the S&P spiked upwards or were already climbing at 10am. So either, GME was up 2.5% and a volatility tracker that doesn’t include it went nuts, or the biggest stocks in the S&P went on relief rallies during a bear market and big money shifted their books around to take advantage of that. + +Rather than immediately jump to “HOLY SHIT, critical margin breached and they had to stop everything”, there’s also the very real (and I’d suggest more plausible) possibility the GME price had been rejecting off a historic diagonal resistance line the past 3 days and didn’t have momentum to actually sustain motion upwards and the only reason it was getting above that line at all was due to it drifting upwards with everything else. Not some end all be all resistance line either, just one of the many resistances it’s faced. But on the topic of many lines…. + +# 3) Current Taste the Rainbow model and Marge’s Cloud + +[it was at this point most readers said \\"wtf\\"](https://preview.redd.it/x5yb3pcno4891.png?width=1350&format=png&auto=webp&s=a98a21a4d248d241ba90929669b35517285651f0) + +I bring up my Taste the Rainbow model because when I realized the data no longer supported my thesis that marge lived on the top line, I changed the model to go with what the data told me. And the Critical Margin discussion now is where I was a month and a half ago. So rather than let this turn into something people will get hyped over and then bummed out about, I’d rather apes just see the progress. I’m going to go into the process for how this was built in the 5th section of this post so you can build this yourself, however you can also follow this [link](https://www.tradingview.com/chart/GME/SvtROu0M-Taste-the-Rainbow-Afterhours-Inclusive-model-1hr-candles/) to a copy of this model on TradingView so you can look through it yourself (you’ll need to be on a computer, mobile doesn’t work well for this). + +Around [May 12th](https://www.reddit.com/r/Superstonk/comments/unuwf4/taste_the_rainbow_mini_but_big_update/) I began redesigning the TtR model to better account for all data that we’ve seen across the GME saga. And the big breakthrough I found was that the slope at which data tended to move on was not the same as the slope produced by connecting peaks. I can’t link the DD here since its on another sub but if you click my profile and read the pinned post about linear regression you can see it there. + +[Oh shit, now its Flanders](https://preview.redd.it/jfgfktu1p4891.png?width=1350&format=png&auto=webp&s=16c58f543b2512663b8ae3ca3c6a15366e55cbff) + +What I eventually figured out through testing was that a line connecting the beginning of significantly large runs (more than 20% in a day) does follow the slope that GME tends to move in. Which is why in the TtR model above you see that I moved my 0.000 line (White Line) to the center of the chart rather than connecting the tops. I’m not measuring the peaks to how close they are getting to a margin call line, I’m measuring how far peaks get away from my 0.000 line. Using this method, here is what I’ve observed from our peaks…. + +*If you are unfamiliar with the idea of fib (Fibonacci) levels, here’s the smoothest explanation I can muster. You set a bottom line and a top line as your 0 and 1. Within that, the lines in between 0 and 1 are derived from the Fibonacci sequence (1, 1, 2, 3, 5, 8…etc) by taking a number and dividing it by the next number to the right. The lines above 1 are found through the same method but by dividing to the left instead. One important note, this produces much more consistent results when you do it with higher up numbers in the sequence, like 89 and above. The end result of all this a way of dividing space between 0 and 1 into lines and for whatever reason it’s extremely common that prices will either find support or resistance on these lines.* + +[Where did we peak each time?](https://preview.redd.it/azrxssvep4891.png?width=1350&format=png&auto=webp&s=bbcc8b0c3271bd9d370139567f60a014d7616848) + +1 – Sneeze - this was the height it reached outside of normal market hours. The buy button was turned off and as we now know the margin requirements were waived. The price reached the 2.414 extension. + +2 – March 10, 2021 – We made it past the 1.000 line briefly and I think most of us remember that day. + +3 – June 8 and 9, 2021 – Price made it to the 1.414 extension on the 8th and the 1.272 extension on the 9th. It wasn’t until the 10th the price really started to get hammered down, however GME was also doing a 5 million share offering at the same time. + +4 – Sept 1, 2021 – The price briefly broke above the 0.618 line but for the most part that was resistance for a few months after the big spike at the end of August. + +5 – November 3, 2021 – Price briefly broke above the 1.000 line, this was also on news of a store famous for selling pillows, toothbrush holders, and more stuff doing a share buy back. + +6 – November 22/23, 2021 – Price moved above the 1.000 line on the 22nd and closed above it. The next morning on the 23rd it began to get hammered down. This also lines up with the beginning of the major indices hitting their tops + +7 – March 29 to April 1, 2022 – Price moved above the 1.000 line multiple times but could not sustain above it. + +**Summary** + +The price has crossed over the 1.000 line multiple times however the time above the line is typically brief. Shortest amounts to a few minutes, longest can be an entire day and has even had closes above the 1.000 line. The peaks can not be connected with a single straight line. I will ignore the sneeze peak since collateral requirements were waived but we made it as high as 1.414 last June and there has been no MOASS ignition off of these peaks. These runs do have a tendency to line up with OPEX, but once that is over the price returns to following the trend downwards. + +We’ve visited all sorts of lines, crossed over them, and we are still just in the GME saga. Marge may be up there in the clouds looking down on us and waiting for us to say hello or a lender may decide they are just not going to call. We may have high fived her a couple of times. But the data we would actually need to figure out her exact location is not accessible to us. At best, we can make generalizations about her location based on overall market conditions, news about struggles known shorts are facing, and the direction data is trending. And I say this from 4 months of testing and experimenting with this very idea just about every single day. No really, check my post history, you’ll find dozens of my TtR posts and the long list of failed experiments trying to understand a critical margin line. So please, if you are waiting on a line then I’d suggest grabbing a chair while you wait. + +# 4) Things I AM Hyped About + +Putting marge aside, there’s two things that have come from doing the Taste the Rainbow series that have consistently hyped me up. + +A) There is literally no way a million apes maintain this structure + +I’m going to discuss design in the final section but in short the TtR model is intricate enough that apes randomly hitting the BUY button for 18 months and using market orders could not possibly maintain the structure the price moves within. Apes do stuff like buy because they just got paid, or they buy because they saw a red crayon, or they buy because they just really hate shorts. There’s not hundreds of thousands of apes considering what support or resistance line the price is at and they certainly aren’t all thinking of the same lines (if any at all). + +To maintain this structure, you’d have to, oh idk, be responsible for facilitating almost every single trade on a security and using high frequency trading algos so that every minute of every day was adhering to an enormous structure more than 2 years long that moves on a consistent slope. Yeah, it’s almost as if despite a security’s largest owner constantly acquiring more and more shares of said security to the point where it’s becoming scarce to borrow that you would constantly have to provide infinite liquidity to counteract that upward motion. Now why on earth would you bother doing that and WHO could even do that? + +[Not naming names but maybe they were in a report recently](https://preview.redd.it/3uhpe3daq4891.png?width=352&format=png&auto=webp&s=5b10a2a7417720028c9dc982428142f0113ae648) + +I get hyped because as much as apes talk about how the price is manipulated, rarely do they explain to what degree. That’s what I believe the TtR model is showing. The entire chart being tilted on an relatively shallow but consistent slope downwards by means of infinite liquidity showing up to kill upward momentum. Even when we see a rip, it’s a rip effected by the slope. Now could maintaining this slope be part of staying under Marge, yeah. But I also consider the possibility that this is how they set up [cellar boxing](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) (tagging the dd from u/Thabat). Not actual cellar boxing, but how you get the price down to where you can. You’d want the price to just keep dropping as slowly as possible because if anyone knew exactly how many shorts you’ve stacked up to get it to the cellar they’d dog pile in buying up shares like crazy knowing that all shorts are eventual buyers. + +B) DRSing starts reaching its own critical levels + +If the powers that be have decided the general trend in the price is to slowly go downwards, this is an enormous opportunity for the DRS crowd. They’re aim is to place every share possible into CS, and this task becomes easier and easier as the price decreases. The price decreasing also means that the tax hit from moving shares from tax advantaged accounts to CS is decreasing. There’s been two posts on this exact thing that popped up recently [1](https://www.reddit.com/r/Superstonk/comments/vl4fnz/i_am_going_to_drs_my_ira_shares_and_take_the_tax/) and [2](https://www.reddit.com/r/Superstonk/comments/vl5ops/im_going_to_give_up_taxfree_status_in_order_to_go/) . At some point in time, between the folks who just keep buying more and the folks who are willing to take on the tax hit I believe (no data to support this) the DRS rate will see an increase. And if the borrow fee rising really is directly tied to DRS, maybe just maybe this will help the price finally say hi to Marge. + +If finance fuck wits are really this committed to letting apes buy a company for better and better prices, thanks I guess. I will indeed continue to buy. + +# 5) How TtR was built + +If you are vehemently opposed to TA, there’s likely nothing in this section you will be interested in. If you are more interested in the TtR model but not in charting it yourself, please come check out my daily posts. They are always named “Taste the Rainbow – date” and I have them ready by about a half hour after market close and tagged as TA. But if you are interested in the model and maybe even want to place it on your own chart, here is how every piece of it was determined. + +A) Determining Slope + +Originally, TtR had a slope of -0.3884 because that was the slope existing between the peaks of March 10, 2021 and November 3, 2021. And at one point u/Dr_Gingerballs made a comment on a post that suggested I do a linear regression of closing prices to determine if all data was moving as consistently as the peaks. Say what you will about the guy being a polarizing figure on the sub, but that idea had a lot of merit. If we have 400+ days’ worth of data, why pick out 2 points and claim those represent everything? I can’t link it on Superstonk but if you check the second post I have pinned to my profile you can read the entire experiment I ran. But here were the findings. + +[Closing prices from Spring 2021](https://preview.redd.it/f0bhjsx3r4891.png?width=1350&format=png&auto=webp&s=4a8061c52a0ab664c9269673839bd76199d2e456) + +&#x200B; + +[Closing Prices from June 10 2021 to March 22 2022](https://preview.redd.it/jpmcybv5r4891.png?width=1350&format=png&auto=webp&s=1d80023782accb0a5bee9df3fb39335e1085ce72) + +I attempted to find the slope that the price was moving and to do so I chopped out the May/June 2021 run as it seems to be moving perpendicular to the rest of the chart and used the daily closing prices across a year (before the next major perpendicular movement in March 2022). What I found is that from March 15 – May 25 (2021) there was a slope of -0.3619. Then from June 10, 2021 to March 22, 2022 there was a slope of -0.3618. The time period covered 77% of all time between January 28th, 2021 to March 22, 2022. From there I plotted a line on my TradingView chart that used a slope of -0.36185. + +[You'd think there'd be a function to type in the slope you want and just get a line....nope](https://preview.redd.it/7rcdxuncr4891.png?width=1350&format=png&auto=webp&s=e9ac7cb3bba62af6195da1232160ddc3847e1f0e) + +B) Determining Fit + +This next step was originally a brick wall for me because at the time I was still very much in the headset of trying to fit that slope so that it connected peaks, and it does not connect any two peaks. So I reversed the strategy and began fitting it to low points instead. This proved more successful and I found that I could place this line across bottoms of the big rips in May 2021, Aug 2021, and March 2022. This also meant that since I was using this line as my base reading that it would be 0.000 and fib retracements and extensions would move away from it. + +C) Determining Depth + +I tried a few variations on this but ultimately u/INERTIAAAAAAA had the advice that helped the most. His suggestion was to account for after hour movements in my chart to see if they could help detect areas of support/resistance. It’d be less likely to see retail involvement in afterhours, so my belief is that the spikes and dips we see then will more strictly adhere to the structure than ones during the day where volume is higher. I started with Extended Hours and 4hr candles, and the goal was to match as many peaks and valleys as possible onto fib lines. + +D) Below 0 + +As a final part of the design, the top of the channel is reflected downwards as well. Since everything in TtR is a measurement away from 0, the fib lines to the bottom side are just measurements of how far the shorts were able to push downwards. This was helpful when determining depth because the valleys From March – May 2021 could be fit to sequential fib lines. + +The end result is the current TtR model. I don’t by any means think it’s perfect, but it does a decent job of putting into perspective what happens in a day based on a lot of historical data. I think the fit and depth can continue to be adjusted to line up more bounces off of lines but at this point I think it’s adjustments of inches and not yards. + +You can recreate this for your own use by following these steps, I use TradingView but I imagine most apps work similarly. + +\- On your charting app, make sure you are set to normal 1 day candles. Then select the Fib Channel tool, it will have you set 3 pins + +\- 1st pin, top of candle wick on May 18, 2021. This should be $189.20 + +\- 2nd pin, May 25, 2022 at $54.60. This won’t line up with anything but it accomplishes 2 things. It sets your channel’s slope at -0.36185 AND because the pin is closer to our current date that tends to help keep the channel from drifting out of place + +\- 3rd pin, June 9, 2021 at $296.41. This wont line up on the end of the wick or the candle but it will set the chart up with the depth I’ve found fits data the best. + +As a last step you’ll go into the settings for the channel and you will want to set up your lines like this + +[Pick whatever colors you like](https://preview.redd.it/948yl37lr4891.png?width=576&format=png&auto=webp&s=bd2fbc1237d519b9c2864e205f53be2ea3c4d89e) + +These are all the normal fib retracement/extension levels with one side being positive and the other negative. I also turn any background filter off so that I’m left with just lines. From there you can move to change the candles to whatever duration you like and include extended hours. One thing to be mindful of though is that if you are using small time frames like minute candles that sometimes the TtR channel will drift out of place a bit. This can happen because if volume is low TradingView will skip candles and immediately move to the next one and this can cause some issues. Sticking to 1-4 hour candles though shouldn’t have this problem and even down to 30min will still be very close with no drifting. + +The fun part and what I cover in my daily updates is that you can place a fib channel (retracements only) in between any two lines of this larger chart and the price has a tendency to use those interior lines as support/resistance. This is what keeps me really interested in tracking this. + +Also, and I want to be very clear about this, I share my coordinates and methodology because I want someone to develop a better model. When I point out that in 4 months of charting this and doing posts on it pretty frequently that there’s only been 2 apes who have had solid input on how to improve the model, I’m serious. I’d love nothing more than to have folks ask questions and share variations on the model that they think fits data better. + +# Final Thoughts + +I imagine I’ll get called a dick a whole lot because no one wants to get called out on mistakes and I’ve done that a few times in this post. But math is math. + +[Sure is big dog](https://preview.redd.it/krhspbtsr4891.png?width=1192&format=png&auto=webp&s=7c2b394d4551020f9cee095276a6cd9243e57750) +Pre-covid there was a rental shortage but no labour shortage. Now if we have a rental shortage does that not mean our cities are full of working people then how do we still have a labour shortage? +Hi guys, + +Im working part-time at a club and earn the minimum wage rate. + +Management has this policy of a “cut off period” which is 30min after closing(3am), meaning that we are not paid beyond 3.30am + +This happens despite us having worked til 3.45am and sometimes beyond 4am. + +I am wondering if this is common practice? + +Thanks in advance.. +So read an article [here on yahoo](https://finance.yahoo.com/news/credit-card-debt-interest-rates-174011574.html) saying that with inflation making everything more expensive, instead of Americans holding off certain purchases they keep buying by instead running up their credit card debt like crazy. + +Now my question.. when do you see this consumer credit bubble collapse? I mean it seems in the US people can just keep piling up debt, opening new credit lines, so anybody can put a timeframe on when something like this will go wrong maybe based on how this went historically? Or can this really keep going for a long time before anything happens? + +I live in Europe and over here you get rejected alot faster while in the US it seems credit card companies don't care giving away more or new credit thinking worst case they can be bailed out again. +German ape here. Trying to find words. It's almost 3 a.m. over here. + +I started working at age 16, while still at high school. Not because I really had to, but because I loved doing cool stuff that I was passionate about. With people who were equally passionate about the esports related things we did back in 2006. It was a crazy time, with dozens of young people doing the things that they loved and getting a little bit of money out of it. For me, it was being able to pay my college apartment rent in Munich, the most expensive city in our country. + +I got pulled into the rabbit hole which is everyday work life in Germany. Getting a degree, getting a "normal" job and trying to make ends meet, trying to build a life. All the time knowing that I was set to do this for the rest of my life and not be really self-determined, ever. I was aware of the fact that I might never be able to break this cycle if I weren't ready to betray the principles I value the most as a human being. Decency, being there for other people, not screwing anybody over for personal gain. + +I have to be honest: There were several moments in life where this realization nearly broke me. I am not set for this kind of life, but I saw no way out. Ever. + +These past few months, and especially the past few weeks, I feel so completely different. I actually BELIEVE things can be changed without physical force, without trying to overthrow violently. Because you guys exist. I finally have certainty that I am not alone in this. That there are hundreds of thousands of people who think, feel and struggle like I have done for all my adult life. + +If it comes to financial topics, I am the role model of a smooth brain. I have no idea how all this here will actually turn out. But I have, first time in my life, confidence. We can change things. We are strong together. I cannot thank you all enough for this. You have given me so much. Let's bring this to a conclusion that fits this unbelievable narrative. It means more to me than I can put into words. + +Love to all of you. <3 +I’m a sophomore in economics at Ole Miss, my department is pretty orthodox and I’ve been studying Keynes on my own, in his General Theory he talks about the liquidity trap, a situation arising, I quote “after the rate of interest has fallen to a certain level, liquidity preference may become virtually absolute in the sense that almost everyone prefers holding cash rather than holding a debt which yields so low a rate of interest”. To me this seems self evident, especially when plotted in the IS-LM graph (the expansion of the monetary supply doesn’t effect the equilibrium of interest rates or total output, however expansion of investment or savings increases output without a corresponding increase in interest rates) and in my perception describes the conditions of the financial crisis, however neoclassical economics seems to say that there is no trap as long as either long or short term interest rates are substantially above zero. + + +Unlike other Keynesian concepts, this does not seem to have any controversial philosophical or political implications — it seems that a large portion of the criticism of Keynesian economics is rooted in ideas about economic liberty, personal responsibility and the role of government in society rather than economic matters, and a large part of the economic disagreements are an ideological conflict about the precedence of monetary over fiscal matters — and it seems self evident, so what is the issue? +To clarify this isn't really asking if industrialization would have never happen, rather would it have happened at the same pace and scale or would it have ben significantly delayed. + +Industrialization began in the textile industry, the input of course was cotton, mainly from American South picked with slave labor. + +It would seem industrialization relies on relatively cheap extraction of massive amounts raw materials in order to be viable, the problem being that pre industrialization extraction of raw materials is relatively labor intensive creating a chicken and the egg problem. + +Slavery allowed for a massive growth in amount of cotton produced without an exponential increase in the cost. In less than a century cotton exports grew from less than 1 million to almost 1 billion. It's hard to believe this could have happened without slave labor. + +Agruements I've heard against the viewpoint point out during the civil war, india and egypt exported cotton without slave labor to replace slave labor, but I'd argue that was only possibly due to massive investment by already industrialized European powers. They wouldn't have had the capital in the first place without decades of slave cotton. +I mean in terms of things like raw materials/semiconductors/containerships. Due to the surge in demand currently these items are now being produced do you think when demand returns to a normal amount there will be a glut? +I'm taking an microeconomics class and one of the early subjects we covered was market failures. My instructor stated that inequality means there is a market failure. I thought that was kinda odd because i remembered reading something to the effect that inequality doesn't necessarily mean there's been a market failure because wealth is not zero sum. Just because I make 50k and another person makes 500k doesn't mean i'm missing out on 450k. + +Obviously i'm still very much a novice when it comes to economics but for whatever reason this has been bothering me. +After class my instructor offered to answer any questions. I took the opportunity to ask her privately if she could elaborate and mentioned what i had heard about wealth not being zero sum and inequality not necessarily being bad. I was surprised because she got really defensive and interrupted me when i was explaining my hypothetical about 50k and 450k, mentioning in actuality people living on 16k and others living on a dollar a day. + + +I know free trade is widely seen as a force of good in the world by economists. I don't doubt it. But what about fair trade? It aims to be ethical, but is it so? + +Feel free to just post an authoritative link. I don't know what to mke of the different sources I'm finding. +Is the return to the gold standard something economists consider or is this just internet politics. I don’t understand how having a limited supply of money benefits anyone. I heard it said that if the economy grows then they’ll just subdivide the currency into smaller and more abundant units. That just sounds like inflation with extra steps. Is this really how that’s supposed to eork? +Hey guys and gals, I'm an undergraduate currently in my first year of community college looking to transfer to a 4 year school to pursue a Bachelor in economics. Just wanted to ask what you guys wish you knew before you finished your degree. And if there's anything I can do now to set myself up for success. Some background, I'm a 22yr old army vet using the post 9/11 gi bill to attend school in Massachusetts. Any responses are greatly appreciated and thank you for your time. +My general understanding of the Golden Rule comes from this article http://www.economicsdiscussion.net/economic-growth/golden-rule-of-capital-accumulation-economic-growth/15442 + +It seems like the fed's true mission is really to maximize ecomomic welfare. Minimizing inflation and unemployment are a means to this ends. So if targeting inflation is a means to stablize the markets for investments wouldnt a more optimal target be the savings rate for those investments? This could still be done with manipulating interest rates or the money supply. +I am ecstatic. I'm 23 and have been working to go to college since I was a teenager, but life got thrown at me hard this last year and I thought it was never going to happen. I was working a job that cost me $60 A day to get to and from (partially blind, can't drive, it was in another city, had to Uber/Lyft). And working a second job where I walked 6 miles a day to get to/from. + + +Recently, I got a new job while still working the 6 mile walk job. I should start next week (and will be working enough I can just work the one) and it costs me less than half of what the $60 A day job cost me to get to and from. It still sucks that I have to pay to get there, but I'm hoping I can move closer in a few months by subletting my apt. The best part? They'll pay part of my tuition in a few months for an associates and bachelor's, as long as it's in a business-related field (I wanted to go for IT, anyway). I thought I was never going to be able to go to school and get a better job, and I'm so happy. +We are a Chinese American family living in Silicon Valley. Me and the wife, and 3 kids (7yo, 3yo & newborn). I grow up in Silicon Valley and wife is from Southern China. + +The plan is we should be able to reduce work to a few months a year and live off cashflow from investments. I'll fly back to the US for a few months of work (real estate investing), sometimes alone and sometimes with the family. Currently, we live in the SF Bay Area where the cost of living is crazy high. We make a good six-figure income but the cost of living in this area means the money doesn't go very far. + +I want to be able to spend more time with the kids and really enjoy their childhood with them. I'm looking at the MM2H(Malaysia My 2nd Home: 10yr multi-entry visa) program. We won't have a problem with meeting the financial requirements. + +I've listed some pros of cons to get some feedback from this community. + +Pros: + +* Good and reasonable priced private schools that will teach in both Mandarin and English. (my research is showing a cost of between $3500 to $5000 per student per year) From many examples, Chinese kids rarely learn their Mandarin at a deep level unless they are in a really good immersion program which we don't have access to in our area. My expectation form then tech people I've met is that Malaysian schools are no slouch when it comes to math and science. The kids are American Citizens and will be returning to the US for University and work after. +* First world luxury apartment living at a very reasonable price ($1100 to $1300 for 3 to 4 bdrm \~2000sf) +* Great diversity of people and culture in Kuala Lumpur +* Great diversity in food (many Asian types and western too) +* Great geographic location so it will be convenient and economical to travel to countries. In about 4 hours or less to Bankok, HoChiMan, Shenzhen, Hong Kong, Bali, Manila +* Very affordable healthcare. (premiums of the family of just $350 per month or less (budgeting $5K for premiums and out of pocket): a bargain compare to US premiums of $2200/mo + Out of pocket which I would have to budget $30K in total for medical since my company won't be covering me anymore (face it the US health care system is a vampire) +* The total cost-of-living budget of just $55K in KL vs over $200K in the Silicon Valley + +Cons: + +* Need to find new friends and social connects +* Stepping out of the machine that is Silicon Valley +* Hot and Humid weather +* Having to learn how to get even the most basic things done +* Learning to drive on the wrong side ;) + +Please let me know what I'm missing or leaving out. I'm trying to structure this as a FatFire move and the easy ability to get back to the US if things don't work out as I hope it would. The idea is my cash flow is over $250K with a burn of only $55K leaving plenty to cash to grow my NW. Current NW is around 5m. Originally I was looking to get to 8 or 10m before stepping away from work. But the kids aren't staying young forever. I'm telling myself I'm doing this for the kids as much as I'm doing this for myself. + +I'm choosing KL Malaysia because almost everyone there speaks English (my Chinese sucks). First world living at almost 3rd world prices. + +I know I said we are Chinese American, but this doesn't have to be the case to have KL work for you. I think it's for anyone that wants to raise kids to be global citizens. Malaysia is learning heaps from their neighbor to the south, Singapore. +Accidentally came across this and thought it was pretty cool. Popular Science article from 1926 on becoming financially independent in 15 years investing $100/month. + +I found it interesting that inflation adjusted, $100/month then is \~ $18,000 year now - mighty close to 401k limits. Also, it uses a 6% return as an example. In their case, they talk about using bonds but that's pretty much the same rate people target today in a balanced portfolio. + +Plugging in to inflation and compound interest calculators, they're talking about the modern day equivalent of getting to $440,000 in 15 years, or \~ $17,000/yr at 4% rule. Within striking distance of leanFIRE! + +[https://books.google.com/books?id=wikDAAAAMBAJ&lpg=PA4&pg=PA4#v=onepage](https://books.google.com/books?id=wikDAAAAMBAJ&lpg=PA4&pg=PA4#v=onepage) +Hello everyone, + +my plan was to buy 1 share (approx. 97€ currently) of VWCE ETF every month on IB. However, after I bought the first share I noticed that the fee was 1.25€. + +And, since the fee would be pretty much the same if I would buy 2-5 shares, I thought about changing my strategy to buying X shares every X months, where X is not 1 (e.g. 4 shares every 4 months). + +But, what's the upper limit of months that I can do without blowing up the whole point of the dollar-cost averaging strategy? + +Is it maybe the optimal scenario in this situation to buy 3 shares every 3 months or do you have different thoughts? + +**EDIT:** While having the conversation in the comments, I remembered the [Elbow method](https://blog.cambridgespark.com/how-to-determine-the-optimal-number-of-clusters-for-k-means-clustering-14f27070048f) I used previously while programming. The method is a heuristic used so you can find out the "optimal" number of clusters in your dataset by finding the elbow in the graph. + +So I plotted [**the graph**](https://imgur.com/oLWZYhw) for my scenario and got the "elbow" for 3 shares. However, I want to take into account that dollar-cost averaging suggests investing regularly as possible so that I'm not out of the market. + +That's why my conclusion is that the optimal decision would be to **buy 2 shares every 2 months** because the difference in the fee between 2 and 3 months (0.215%) is not sufficient to justify missing out on the market. + +**EDIT2:** Great investment calculator shared by r/-Ricardo: [https://investcalc.github.io/](https://investcalc.github.io/) + +Thanks, everyone, for the help! +Greetings, + +So here's a brief explanation of my situation. I'm a freshman in university that lives in Luxembourg with his parents and siblings. We immigrated to Luxembourg from Spain after the 2008 crisis, and we live in a house that my parents bought four years ago for around 700k. My parents had to borrow tons of money at quite an old age because of this and they are since living paycheck to paycheck, drowning in debt. + +Anyways, COVID hits, there's hyperinflation and my parents have decided to sell the house because the financial situation is bad, to say the least. However, it turns out that it has increased quite a lot in value and we are most likely going to sell for around 1.2M. After paying out the mortgage and everything else, they will probably end up with 350-400k-ish €. + +The "catch" is that, after selling the house, they will have a heavily-loaded bank account for once, but no roof. My dad and I have thought of some things, but we are not sure to what degree they could be successful and, because there are of course many risks involved, I've decided to seek some enlightenment from probably financially smarter people than us here on r/eupersonalfinance. Now, buying another house for cheaper here in Luxembourg is out of the question, because they will go back to the same situation, so here are some of the things we have thought about: + +Leaving the money to an investment firm to get a high enough rate so that we could rent a place (would be for around 2500-3500€ a month since we are five at home and the market is expensive at the moment) and hoping the returns we get will cover it + +Investing the money ourselves into a broad portfolio of leveraged ETFs, dividend stocks, and crypto. There's a higher risk but we could aim for higher returns, and again, renting a place with the same hopes already mentioned + +Immigrate to another country where the housing market is cheaper, buy a house there, and invest the rest, which will allow my parents to work and live without too much preoccupation (I'm not very convinced about this one but I put it on the list anyway) + +In addition to those ideas, there is something I haven't talked about with my dad yet. I recently watched famous finance Youtuber Andrei Jikh's video titled "How To Invest Like The 1%" and I found very interesting what he talked about, more specifically this chart https://u.cubeupload.com/demonlesondledon/FIREFlowChart.png . However, it only applies to US residents... Is there any way we can implement those steps here in Europe? And, how could my dad do what Andrei talks about in that video? + +In conclusion, the main idea is to invest this money in some way to have it grow for my parents' retirement and to cover living expenses (which I find very difficult to do successfully) until my siblings grow old enough too. In case I wasn't clear, my parents are not retiring yet, there will be cash flowing in for some years, but that 350-400k € is basically all we will have. + +What is your advice? Any recommendations on how to proceed? + +Cheers from Luxembourg! + +Edit: The reason the house is being sold is to get rid of the debt. It is the only reason. Also, my siblings are still in school and the education they are provided here in Luxembourg is much better compared to other European countries, so we want to avoid moving abroad in the near future. At least until my siblings finish high school. +I have read on many posts here in this sub and other forums that one should not rely too much on the US market and investors ought to diversify. For example, IWDA plus EMIM index funds are cherished over CSPX or CNDX for that very reason. I also understand that the previous performance is not a guarantee of future returns. But scientifically speaking for a "black box" chaotic phenomena like the stock market we have no better indicator of the future than the previous performance. Do we? + +So looking at the past 5 years US indexes have been doing great: + +- DOW: +31.43% +- S&P 500: +34.44% +- NASDAQ: +73.63% + +meanwhile, EU indexes have been nothing but pure loss: + +- FTSE 100: -17.64% +- CAC 40: -13.85% +- DAX: -9.92% + +and Asia indexes have been even worse: + +- NIKKEI: +0.45% +- HANG SENG: -16.04% +- SHANGHAI: -35.61% + + +So my questions are: + +- Howcome US indexes have been doing much better than the rest of the world during the last 5 years? +- What makes the US market so resilient that even when the world is chocking on the Corona fall out, some of the US index funds are still profitable?! +- What indicators are there to hint that the EU and Asian indexes by any chance can do better than or even close to the US ones in the future? What are the extreme case scenarios to turn the table for the US market in favor of other markets? + +Thanks for your support in advance. +I was driving to work yesterday and heard a radio ad about why you deserve new flooring in your house and with tax rebates coming through it might not even cost you anything. Blah blah blah. + +Most in this sub laugh at those style ads. + +But after reading Propaganda by Edward Bernays you start to realize how much of people’s lives are driven by propaganda. + +One example is “breakfast is the most important meal of the day.” + +The author explains how it’s a contrived tactical propaganda campaign he created and funded by farmers and food producers that specialize in breakfast foods. He paid family doctors to tell their patients this and now it’s accepted as fact by a lot of people even though it has no basis. + +A modern day example is the Fyre Festival documentary where influencers built up a frenzy for a luxury island festival that was complete crap. + +I laugh at that bec I would never fall for it but in reality I have granite countertops in my kitchen bec... that’s just what you do. + +But why do you that? Social norms? Status? Lasting quality product? Creating an identity? + +Is it that hard to believe that the major granite manufacturers pay HGTV to include granite countertops in their house hunter episodes my wife and I watched before purchasing and renovating a house? + +Just look at the Got Milk campaigns. Not that subtle but dairy farmers paying big time athletes to convince us that milk is connected with their success. Once in awhile I see ads for chocolate milk and athletes and think okay Klay Thompson pretty sure you’re not drinking a chocolate milk at half time. + +Pretty much every wealthy service provider or producer of something has lobbyists and behind the scenes puppeteers pulling strings. + +It’s part of the reason I love John Oliver’s show so much because it exposes that kind of behavior. + +Understanding the level of a propaganda you see and hear on a daily basis allows you to put it into a bucket and unplug from the machine. Something I’m still working on but getting better at. + +For anyone struggling with that I’d suggest reading that book. It’s eye opening. +Check this out https://www.nasdaq.com/market-activity/stocks/gme/latest-real-time-trades then check out the real time trades for literally any other stock. I saw it mentioned in here earlier, but didn’t think it got enough attention. Hedge funds are selling 100 share increments back and forth to each other every millisecond in order to drop the price. Don’t fall for this elementary level manipulation. We may be retarded, but we’re about to be rich retards. + +They are terrified 💎 + +Edit: sources to help explain how this works https://www.google.com/amp/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack (from 2014, wanted to find an article that didn’t originate solely due to current situations) + +https://en.m.wikipedia.org/wiki/Naked_short_selling#Claimed_effects_of_naked_shorting (talks about counterfeit shares referenced in first article) + +Also, I’m not claiming to be a scientist just posting what I believe. +Since I am not sure who is typically responsible for creating the Mega Thread each morning, I am taking the initiative to do it today so us Apes can brainstorm and discuss throughout the day. + +Mods, if this is not okay, I apologize in advance. Me just smooth brained ape who love his daily Mega Thread. + +🦍💎🙌🍌 +Hi guys, + +I am fucking jacked to the tits or... Jacques le Tits. + +With all the recent things regarding the Yahoo float sudden increase, I just started to think about something. + +I am French, and France has a very very very small ownership. According to various Bloomberg terminals you can see that the **ownership of GME in France is between 0.02% and 0.03%.** + +[Bloomberg terminal shared yesterday on SuperStonk](https://preview.redd.it/z9x4g6p6mum71.png?width=1917&format=png&auto=webp&s=dce910366fa6db47d22b9ecccd348e9ed68d2638) + +That's ridiculously low indeed. GameStop is unknown in here (we have Micromania). And the GameStop saga is clearly not as well known as in English speaking countries. + +At the same time, I have very large position in the 5 digits shares. I know, no position and such. But it's for the good cause. + +Myself, friends, family (people where I know the exact position and screenshots) have a **total of 42K shares** spread on different accounts on French banks directly. + +A very large chunk of those securities are detained by companies I own or friends do own. In France/Europe we have something called an LEI number. It's REALLY strictly enforced, you really can't buy on an open market with a bank without an LEI number. It's used to trace all transactions, money laundering, etc... So a large chunk of those shares are even more linked on the "France ownership" than you could imagine ... which would not be the case with mainstream brokers. + +Actually, I know other people holding as a person (myself included) on Revolut, or Degiro but I have excluded voluntarily those to avoid a mix in ownership countries (Degiro = NL, Revolut = UK, etc..). I only took the numbers from French banks. I wanted less shares, but more precise ownership shares to avoid any false hope. + +**If you take the "official" float of 70M and you take 0.02% \~ 0.03% ownership in France** + +We should have a total between **14K or 21K shares for France only.** + +If I can account with my own eyes, my own friends and family, 42K shares strictly owned in France.... that's at least between **200% to 300% more than expected. Actually, if I take into account shares I can witness with European brokers (revolut/degiro) or without a strict ownership, we are already near 500%.** + +My tits started to get really erected... but now think about it... France is not small country. Yes, GME is not really well known, indeed.... but we are a country of a 65M people. + +If I account 42K shares with like a dozen people I can trust or I have proof... imagine that there are least one thousand at least people invested GME. I try to be really conservative in here. + +I am sure there at least a few hundred French apes just on SuperStonk only. + +**The real float is probably in the 1000%+ if you take into account the whole French population, that's the beauty of a large country with a very small ownership percentage.** + +**We can get amazing results. I am sure we can do the same calculation with our German apes for example. The ownership is low, if you have a few strong shareholders you know, you will end up with the same calculation.** + +EDIT : Added bloomberg terminal as proof. + +EDIT2 : Added LEI number / institution clarification to explain how precise I tried to be. + +EDIT3 : One interesting comment said that Bloomberg is only scraping from 13F filings. The user (/u/semerien) may be right. Just to clarify and avoid spreading FUD : we are not at all an US institution. We have absolutely no link with the US. But we are required to have a LEI number in Europe to identify us, and we also have to file a beneficiary form each time we do a trade to identify us and to avoid double taxation between France and US (because US are taking the tax directly at the source). + +The form we need to comply with is called "W8-BEN" and it's being sent to the IRS by the bank. Maybe Bloomberg is using that tool ? Maybe the banks are filing more things for us to comply with US regulations ? I am digging that part. Don't want to spread FUD by accident. +Edit: I posted this to make the data available to everyone and start discussions around the 13Fs. The reported numbers are a bit meh but I don't see this as being FUD. Despite some funds selling, price has been supported. SI% is still likely 200%+ but can't be seen in 13Fs. Shorts remain fukd. + +Edit2: Updated the figures to not use scientific notation for the numbers, now in millions of shares. + +Edit3: We now have data for Jane Street with massive increased put positions!! I also updated and improved clarity for all the figures. + +This post takes the most recent 13F filings that were finally submitted today and compares them with the previous reported positions. I mostly focus on looking at changes for funds with large short positions (predominantly puts) but also include data in the plots for the long whales. + +The new positions should be accurate up until March 31 2021 provided that the funds didn't fudge their filings expecting just a small 'cost of doing business' fine..[.](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa) + +I might have made some errors so let me know in the comments if I missed something. + +***Note: some funds have not yet filed their updated 13Fs***. I'll edit the post and figures once these filings become available. + +# Intro and what we're looking for 'aka' show me the PUTs + +Many DD posts have looked into different tricks to create naked shares using options. I previously wrote [a post describing the married put naked short selling trick](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) and [gathered as much data as I could to detect options fuckery in GME in 2021](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/). + +The biggest evidence for naked short selling fuckery to my mind is the massive increase in open put interest at the end of Jan that coincides with decreases in reported short interest (SI%), FTDs and GME share price. + +[SI&#37; and FTDs decreased at the end of Jan 2021 as a massive increase on open interest occurred for GME puts. This is suggestive of naked short selling options fuckery.](https://preview.redd.it/jy1dfqamkpz61.png?width=4500&format=png&auto=webp&s=7dc9264c12190d89d469e4a237ff37376405e3d7) + +At the end of march open interest for GME puts was 1.29 Million contracts. This equals the equivalent of 129 Million shares. I checked this in 2 separate sources just to be sure. We should see close to 129 million shares in puts listed in the new 13Fs. + +*So who dun goofed and bought all those puts??* + +# Major holdings for large short/long funds - Mar 31 2021 + +Here I've selected any firm that has at least 500K shares or 300K worth of shares in put/call options in the new filings. Any fund that has a large short position in PUTs is labelled as potentially short although more digging would be required to confirm for some of the funds. + +&#x200B; + +[Positions for Funds with large holdings in puts, calls or shares.](https://preview.redd.it/e5dkghleqvz61.png?width=5322&format=png&auto=webp&s=d420bb529bdbf39fcd7091c1270acf00a827d471) + +A number of the large long position holders have sold their stake in GME over recent months. Blackrock and Vanguard still hold significant positions. On the short side we have a number of the usual suspects plus some new funds with large put positions. + +# Total shares, put and call positions in recent 13F filings + +This is a simple sum of all the shares reported by funds in the last two 13F filings separated out into shares, put or call positions. + +[Total summed positions across all funds in recent 13F filings.](https://preview.redd.it/vxo08agjqvz61.png?width=2164&format=png&auto=webp&s=4daee5a1ba94eb1e1221e5eeb77358e437da5aac) + +We only see 25 million shares in puts reported fo far in the 13F filings. ***Where are the other 100 Million that we know were held due to the open interest on March 31 2021??!?*** + +# Large changes in positions from Dec 31 2020 to March 31 2021 + +This first plot show the positions for any fund with at least 500k shares or more than 300k shares in puts or calls at either time point. + +[13F large fund positions for GME for the last 2 quarters.](https://preview.redd.it/jbqrepkbwvz61.png?width=3364&format=png&auto=webp&s=16f28d7a1b11f318a520fb6221434451236ee9fa) + +We can see that some of the funds with medium to large holdings in GME shares have sold their positions in the last months. The big positions of Blackrock, Vanguard and RC Ventures remain the same. Changes and put/call positions can be seen easily from the lower 2 plots. + +Note that Fidelity (*Fmr llc*) probably didn't sell their position. u/Rehypothecator pointed out that Fidelity likely still has a vast number of shares but moved them to their mutual funds meaning they are no longer reported in the 13Fs. + +The next figure shows all fund positions with a change of at least +/- 300k shares in either shares, puts or calls between time points. + +[Position changes for all funds with a change of at least 300k shares in either of the position types.](https://preview.redd.it/1s0ps7utqvz61.png?width=4680&format=png&auto=webp&s=8d39021e5a0ecf950a6efac6078d40eeaeab664e) + +# Observations from different funds + +## Short funds + +***Citadel advisors llc*** Increased their put position by more than 1 million shares this quarter. Less than we might have thought but as you'll see down below they seem to be coordinating with other funds (e.g. *Imc-chicago*). Citadel report selling off all their shares and increasing their put and call holdings. + +***Susquehanna international group llp*** similar situation to Citadel with more than 1 million new shares in puts, some additional call options and all of the shares they previously owned now sold. + +***Melvin capital management lp*** were the biggest GME losers in Jan. They reported 6 million shares in puts at the end of Dec 2020 suggesting a massive naked short position. Since then very little has been revealed about Melvin. + +Edit: Melvin requested special permission to not disclose some of their positions (from a useful comment below): + +>THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON FEBRUARY 16, 2021, PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH CERTAIN HOLDINGS WERE VOLUNTARILY WITHDRAWN FROM THE CONFIDENTIAL TREATMENT REQUEST. +> +>[https://sec.report/Document/0000905718-21-000618/](https://sec.report/Document/0000905718-21-000618/) +> +>Published: 2021-04-28 17:15:15 + +***Maplelane capital llc*** was the second biggest loser to GME in January. They had a massive short position of 2 million shares held in puts at the end of 2020. In their new 13F they report that they sold all of their puts and now have zero exposure to GME. + +***Imc-chicago llc*** has a newly created options position with a massive 2 million shares in puts, 1 million shares in calls and zero actual GME shares. [***The designated market maker business of Imc-chicago llc is owned by Citadel after it was purchased at the end of 2020***](https://www.citadelsecurities.com/news/citadel-securities-expands-leading-dmm-business/). The change in position for this fund suggests that Citadel is using it as part of the naked shorting scam to hide FTDs and suppress price. + +***Wolverine trading llc*** has a similar short position as before at the end of 2020 with almost 2 million shares in puts. Given the number of expiry dates with huge numbers of put open interest expiry it is very likely that *Wolverine trading llc* opened up new contracts to maintain their short position. The below quote if from Lucy Komisar: + +>In 2004, when new Reg SHO rules were being considered, *Wolverine trading llc* argued that market makers should not be required to cover shorts. It was adopted and known, after its author and prime proponent, as “The Madoff Exception.” +> +>Later legal cases revealed that *Goldman Sachs* wrote to *Wolverine trading llc* saying, "\[W\]e will let you fail." We will let you fail violates SEC rules; it’s illegal market manipulation. The email was obtained in discovery in 2011 in the Overstock legal case against conspiring broker-dealers. With the fraud impossible to refute, Goldman settled with Overstock for $20 million. + +***Goldman sachs group inc*** have been involved in multiple naked short selling law suits. Their new 13F filing shows that they sold most of their GME puts and shares but acquired about 30k more shares covered by call contracts. + +***Jane street group llc*** reports a massive 2.5 million shares in puts increase and 2 million shares in calls increase. Jane street reports that they hold more puts than Citadel. + +***Ubs group ag*** have cut back from a position of 4 million shares in puts at the end of 2020 down to about 1 million at the end of March 2021. Their position was definitely suspicious before but it seems like they are reducing their exposure to GME quite significantly. + +***Citigroup inc*** had a large position in GME calls/puts at the end of 2020 but appears to have reduced their GME exposure since. + +***TACONIC CAPITAL ADVISORS LP*** now owns half a million shares in puts without holding any actual shares. [Senior management at the company have a number of strong ties with Citadel employees](https://relationshipscience.com/person/clay-calhoon-3905596). + +***PRELUDE CAPITAL MANAGEMENT, LLC*** sold all of their 10k GME shares but is now short and owns 1.3 million shares in puts. + +***NOMURA HOLDINGS INC***, ***BLUEFIN CAPITAL MANAGEMENT, LLC*** and ***CAPTION MANAGEMENT, LLC*** have each newly acquired approx. 200k shares in puts and 200k shares in calls. None of these funds have any meaningful amount of real shares. Possible married-put/reverse conversions here. + +***GROUP ONE TRADING, L.P.*** reduced their put position by approx. 1 million shares but remain short with 2.5 million shares in puts. + +***SESSA CAPITAL IM, L.P.*** has opened a new 1.8 million share put position. The have no shares or call options. + +## Long whales + +Here I'll just list the funds with with 200k shares or more. DFV whale kinda size or bigger. + +[Shares held and change in position for all funds with at least 300k in GME shares on March 31st 2021.](https://preview.redd.it/cvg4d183zuz61.png?width=784&format=png&auto=webp&s=b8dadb242fc92b31c897e59666c7829827c267fb) + +# Conclusions + +Looking through the 13Fs has been kinda odd. There were 130 Million shares in puts open on March 31st but only 30 Million reported in the 13Fs. Who else could have that many contracts if not the large funds reporting to the SEC? + +Aside from that we did see a number of smaller long funds sell their GME stake in early 2021 but some others jumped in. Blockrock maintained their position. Vanguard added another 400k shares. u/Rehypothecator pointed out that Fidelity likely still has a vast number of shares but moved them to their [mutual funds meaning they are no longer reported in the 13Fs](https://i.imgur.com/3MaFVXC.jpg). + +The number of short funds appears to have increased with some more players entering with big put positions. Melvin requested special confidential treatment for some of their positions to the SEC which could explain why we don't see anything for them. Jane Street bought more than 2.5 million more shares in puts. Prelude and Sessa have bought in with more than 1 million shares in puts a piece. Citadel and Susquehanna have very similar positions to before. However, the Citadel owned *Imc-chicago llc* has a newly created options position with a massive 2 million shares in puts and nothing else. + +Definitely some interesting details in these new 13Fs but no obvious smoking gun yet. ***What happened to those extra 100 Million shares held in puts??*** + +Shorts didn't cover in Jan. Apes own the float. +[https://www.theage.com.au/money/investing/i-invested-in-shares-for-the-first-time-this-week-here-s-how-i-did-it-20210507-p57ppx.html](https://www.theage.com.au/money/investing/i-invested-in-shares-for-the-first-time-this-week-here-s-how-i-did-it-20210507-p57ppx.html) + +**Senior economics writer** at The Sydney Morning Herald / The Age buy shares **for first time** and tells everyone else how to buy ETFs. + +>"I signed up for a four-week trial of the [Morningstar Premium website](https://www.morningstar.com.au/learn/article/welcome-to-morningstar-premium/163310), which rates shares and investment products, and narrowed my search to a shortlist of four ETFs offering exposure to Australia’s top-200 listed companies, weighted by market size." +And didn't even know it until today. We got approved last month to receive them again, and there was some confusion on if they were sending me a new card or not since I originally told the lady I didn't know where mine was. Waited like two or three weeks for it to come in the mail, finally resolved to find my card (surprisingly easy) and see if it was active or deactivated, it was not. + +I have no idea how long I've had a balance on it. I stopped using it because we were denied a renewal in November 2021 so I used it down to zero and stashed the card. + +I could cry. I've been struggling for months with a bare fridge and freezer and didn't even have to but didn't know it. Now I'm making plans to acquire a food saver and stock up on freezer meats and then budget the food stamps carefully to make them last because we only get them for five months until we have to renew in which we'll be denied because my job raised base pay, pushing me back over the limit. +I read the Dr Marco Metzler stuff on the bus on my way home from work today and it genuinely sent a shiver down my spine. I work in Special Education staffing. I’ve been following this since January. More on that later... + +Anyway. I popped into the shop to grab a beer and chocolate to take the edge off a hard day. While browsing snacks a mother was commenting on not being able to get certain ones "at that price" to her kid. It got me thinking about inflation in the US being at a 30 year high. + +When I was waiting in the queue a guy was buying a certain pack of cigarettes because "The rest had all gone up and they hadn't". The cashier then told him they'd gone up (can't remember if it was 5p or 50p but they'd gone up) + +I asked the guy behind the counter if he'd noticed a difference I'm things going up recently and he said that they'd been putting things up in price loads recently. Like, unusually loads. + +It might probably sound mundane, but this was a pretty chilling sequence of events for me. Suddenly everything thats been talked about in here for months and months and months felt quite "real". + +If the LinkedIn stuff is credible, and if it plays out to be true, then we are possibly heading towards a pretty disastrous period of history. A market crash now after the chaos of covid would be absolutely fatal to many people. People's covid savings would be lost. People's pensions would be lost. + +The effect on the vulnerable kids I support would be cataclysmic. Schools are already short staffed and their is a massive lack of people who want to work. People are tired. Mental health issues are rising. People within my industry are struggling to cope. + +Despite this, after the covid crash the markets have shot up to unprecedented levels. This doesn't seem to make sense when you consider over here in Britain that the social care, education and health care sectors are on their knees. Paired with the seemingly own goal that brexit has scored, the truth on the floor suggests that everything is in no way shape or form "fINe". + +The truly terrifying thing about all this, is that this reddit has been predicting this scenario since January. If not before. There has been plenty of time to react, try to put a stop or simply warn us of all this from the powers that be and yet here we are on the knife-edge of a default that could start a house of cards collapsing that will result in untold pain and suffering, + +If the media are indeed censoring this then this suggests certain players have been expecting this to happen and have been pumping as much cash out of the system to the detriment of absolutely everyone else. Effectively the last couple of years have been one last milking of the lower/working class before complete chaos. + +I sincerely hope to whatever God might exist that the DD on here is correct and MOASS happens, because if all this plays out there are going to be people who really need a hand. I hope that some apes who aren't going to go absolutely nuts on gear and jetskis (and fair fucks to you all!!) Can help to make this world a better place. + +I also hope that the people responsible for all this, the people who have knowingley milked the system dry, the people who control the media, the people with blood on their hands are held accountable and punished to the severest lengths of the law. + +I hope evergrande doesn't default. I hope if it does contagion is minimal. But today (maybe for the first time) it didn't feel like that was how this story is going to pan out. + +In the time it's taken me to write this I hope I have to delete my post because everthings back to being FiNe. I hope I'm just having a really bad day. + +Stay safe friends. Look after each other. Don't dance. +I’ve trusted this guy for a long time, he’s been a good friend of mine. But the way he spoke to me after he found out that I was in GME and I wasn’t going to sell, was so disrespectful that I am reconsidering my entire relationship. They truly believe that we are idiots. When I try to present different cases and bring up the DD he dismissed them arrogantly without even looking at them, and totally dismiss me. It was like he was saying that there was no way that I could know something that he couldn’t know. It was an eye-opening experience to the way that old money thinks. He kept saying how we are all a bunch of dumb Reddit kids that are wasting our money. It felt like he didn’t trust my competency enough to even give it a fighting consideration. so I’m holding, even though I am flat broke and in the negative in my bank account, I’m holding, because fuck you Dylan, I’m going to prove you wrong. + +Edit because of stream of consciousness: I had a thought that we are engaging in a new type of financial warfare. Very much like the revolutionary war had a new approach to typical battle, buying and holding seems to be throwing everybody for such a loop that they don’t know how to compute it. I think the reason why I’m getting so mad at Dylan is much like Hamilton did against the bursar in the musical, he punched him because the bursar looked at him like he was stupid, and he’s not stupid. And that’s how I feel. I’m not stupid, you’re not stupid, these apes that have done the DD aren’t stupid, and yet people keep treating us that way. +Simple question but unfortunately not a simple answer. I’m 100% committed to the process and will do whatever it takes to become consistently profitable. So far I’m experimenting with some strategies of my own on the NASDAQ which I plan to trade, and I’ve read “Trading in the Zone” by Mark Douglas after seeing it was one of the highest rated trading books. I feel as though I can train my mindset right, but I am struggling with the actual strategy part. I tried searching beginner strategies on YouTube but of course I was met with “THIS NEW STRATEGY GETS 10000% GAINS”, which doesn’t help. Where can I learn more about profitable strategies for an actual beginner, or am I looking at this the wrong way and I should be mostly focused on making my own strategy. Please let me know what you professionals have done to learn and improve your trading. I also want to point out that I am paper trading and that I mark every trade I make to define my mistakes. + + +TLDR: Beginner trader, how do I become a professional? +Happy holidays /r/financialindependence! I posted the following to /r/personalfinance, but I thought my fellow kindred spirits in this sub would enjoy it as well. Merely 7 months ago, I hit [$1 million in combined balance](https://www.reddit.com/r/financialindependence/comments/6ajikw/milestone_1_million_saved_in_retirement_accounts/) between my 401k and IRA. My 401k account balance at the time was $879k. Since those few short months, it's grown by an astounding $120k! I know this has been a crazy year for market returns, and I'm not ready to pull the plug by any means or expecting the trend to continue, but it's mind-boggling when your investment returns begin to match or outpace the income from your day job. + +Unless something goes horribly wrong, my plan is to retire from my current career in 5 years. Assuming a ~7% ROR, I should have at least $1.5 million in retirement assets alone, which will produce $60k of annual income (based on the 4% rule) and more than pay for my expected living expenses. At that point, I will take a respite from working, and then pursue something related to my passions (health/nutrition/fitness) that isn't necessarily income generating. I look forward to sharing my journey with this sub! + +--- + +Nearly 4 years ago, I submitted a [post to this sub](https://www.reddit.com/r/personalfinance/comments/1vvqgy/read_this_before_thinking_about_touching_your/) imploring people to think about the financial ramifications before touching their retirement savings. I urged people to consider the power of compounding and the wonders it can produce if allowed to work its magic. Also within that post, I mentioned that I strived to become a 401k millionaire someday, and this week, thanks to years of consistent savings and a long bull market, that goal [has come to fruition](https://i.imgur.com/ihNtSod.png), at the ripe age of 45. The following table shows my annual out of pocket contributions, and below that I will share my story. + +Year|Employee 401k contribution| +:-|-:| +1995|2,800| +1996|6,100| +1997|8,800| +1998|9,900| +1999|10,000| +2000|10,500| +2001|10,100| +2002|10,300| +2003|12,000| +2004|13,000| +2005|14,000| +2006|15,000| +2007|15,500| +2008|15,500| +2009|16,500| +2010|16,500| +2011|16,500| +2012|17,000| +2013|17,500| +2014|17,500| +2015|18,000| +2016|18,000| +2017|17,000| +**Total**|**308,000**| + +First, I want to iterate that I do recognize how fortunate and privileged I am to be able to achieve this milestone. I am extremely lucky to have been born without any major disabilities or health issues, and I am very grateful to be able to participate in a society where the opportunities and resources to achieve personal successes exist. Furthermore, I believe I was lucky to have been born into extreme poverty, for it ignited a fire within me to do everything within my power to escape my circumstances. I refused to allow my situation to define me, and I focused my time & energy on the things within my influence to improve my life. + +Because I grew up in poverty, I've held a job in some form or fashion since I was 10 years old. The ones I worked in my youth were tedious and low paying, but they taught me to not be afraid of hard work. They also motivated me to find better & higher paying jobs, and to that end I pursued getting my education since I lacked any special gifts or talents for earning a lot of money easily. My youth was not like that of most people I know. It was comprised entirely of school, work, and study. There was little time for leisure, and even during school breaks I would borrow books for the subsequent semester to get a jumpstart on the material. Thankfully the effort paid off, and I was able to do well enough in school to qualify for some scholarships for college. I went to the cheapest institution I could find, and when choosing a major, I decided to pursue engineering as it suited my strengths in math & science *and* offered careers with higher earning potential, as opposed to one that simply followed my passion (art). + +Upon graduating college (with around $10k in student loans), I landed my first professional job, which paid a handsome annual salary of $28k. I continued living intentionally and aligned my actions to my values & priorities. As Dave Ramsey is known for saying, "live like no one else now, so later you can live like no one else". I was accustomed to living in poverty, so I knew how to survive on a lean budget. Achieving a financially stable and secure life was more important and rewarding to me than stuff I could accumulate or luxurious experiences I could buy, which allowed me to avoid the YOLO mentality and FOMO mindset. Also, as a Gen X-er, I started my career in an era of disappearing pensions and the advent of outsourcing/offshoring. I watched good paying, stable jobs disappear overnight, and loyal, long term employees left suddenly without the incomes and secure retirements they had come to expect. That motivated me to treat my income like lottery winnings, and maximize my savings rate to ensure that I never had to worry about relying on a job for survival or face the prospect of being in poverty again. + +I wasn't the most knowledgeable investor, and didn't learn about low cost passive index funds until my late 30s. However, I was fortunate to work for a company early on in my career that explained the power of compounding and the benefits of tax advantaged savings, which encouraged me to participate in my 401k program. I knew I had a long investing time horizon, which helped me to develop a high risk tolerance and feel comfortable with putting most of my contributions into equities. I ignored short term market volatility (which many of my coworkers had trouble handling during the 2000 and 2008 recessions, to their unfortunate detriment), and as I gained work experience & skills I strategically job hopped to pursue higher income opportunities. I looked for jobs with solid 401k benefits, such as low fees and generous employer matching, so that I could continue to take advantage of that savings vehicle. + +Achieving any long term goal requires consistency and discipline, and the ability to break it down and attack it one small bite at a time--while keeping an eye on the larger prize. It's no different for finances, and each of us has to decide if it's worth making some trade offs today in order to have a brighter and more abundant tomorrow. I've had some people tell me that it's important to enjoy the present, as there is no guarantee that there will be a tomorrow. However, the reality is that tomorrow will likely come for most of us, so it's prudent to plan for it. +3rd post, starting to get a hang of this community, if you want to skip story time the tips are just below the screenshot. + +I had been accumulating $STOR in 2019 and hit around a $35 average price. I thought to myself "I found my leading stock" then COVID came around and I saw how my investment got cut by 60%, boy did I feel stupid for a few days - starting listening to every piece of info that came out of the CEO Christoper Volk, seems like he wasn't worried, and the whole company started doubling down on inside trades, there are only buys for the last 12 months. I took a note from the management book and doubled down myself, and while doubling down was the easiest play to go for I wanted to see how I can scale my upside through the expected recovery and therefore I sold put contracts as far out as possible on the hopes that I could recoup my losses faster. + +Happy to say it worked... + +[There were many more gains earlier in the year, here is what's left open](https://preview.redd.it/0t7cmohkcas51.jpg?width=1000&format=pjpg&auto=webp&s=0a36e29f06c3143fa22e354e589b79eb588b44cf) + +The tips section + +\*\*\* before any tip this is a play I would only do on a stock I had already a very high conviction that I wanted to hold on to for the next 10 years \*\*\* + +1. If you think the world is going to end, then this trade isn't for you, I heard people like Kevin Oleary say that REITs are dead and that you should stay away from them, I understand that this might not be the safest space to be in right now but do your research and you might find some interesting REITs that actually were well-diversified enough to withstand difficult times. +2. Don't be afraid to sell ITM, many of the options I initially sold where ITM (not deep ITM), you get an excellent bang to your back in terms of using your buying power. +3. Don't be afraid to get assigned, if I already found I stock I think is totally undervalued, being assigned is just as good as getting that contract to expire worthless. + +I sold 01/2023 contracts for $30, $35, $40 as I believe $STOR is going to be back around $40 (it's previous high) in the next 24 months. If for some reason it gets stuck in the low 30's I will still be above break-even on those trades so I like my odds. + +Good luck to you all :) +Just made a couple hundred bucks this week with the wheel... I feel like a genius lol. + +I’m just wondering what the wheel is going to look like during the inevitable downturn + +1) I’m guessing I’m going to get assigned on the vast majority of my positions, which will fall further. Many of them I bet will fall so far that I won‘t be able to sell covered calls on them. What do I do? Just wait? + + 2) Any other guidelines? The wheel (and reddit) have only been around for a short period so unfortunately actual experience is slim. +What investments match with a cynical view of the markets, where the participants are doing everything they can, legally and illegally, to win? Which companies are the focus of insider trading? Who has successfully lobbied to pass a law that unfairly caps damages because of their products? Which companies are benefitting from extreme tax avoidance? Whose stock should be shorted because climate change is going to destroy them, but investors don’t realize it, or want to talk about it? +Last year I got very frustrated with my ex going to the bar every night while we were essentially living in poverty. His excuse was that it was "only $5" on his way home. Having used the 'envelope system' and other jar methods to save money before, I used his excuse as a motivator to save money. I taped up a coffee can with duct tape and poked a slit in the top of it. On an index card I wrote out a tiny calendar from then (September) to the end of the year. I decided I would "just" contribute $5/day for as long as I could. Everytime I put in a $5 increment I would cross out the days. So $20 was 4 days, etc. + +It seemed unmanageable, but I made more than my ex and figured I would try. + +I was paid weekly so every Friday I would hit up the ATM and try to get $40 out for my jar. Obviously this is a lot of money to many of us, but I tried. In October I was offered a few days of OT and the option to come in an hour early every day, so this hour was my $5/day (I was making $12.88/hr so after taxes and etc) and any extra days was catch up money. + +Because this money was out of my account, out of sight, and possibly it represented that I was committed to not just drinking away all my money, I was able to save up enough money to leave my ex! Lol, but in all seriousness with a little luck getting OT I saved $150/mo for several months doing this when I thought it was pretty impossible. + +If it's in your account, you might spend it, but even doing just $1/day (getting $20 out of the ATM every two or three weeks), you can put the money away and forget about it. $365 in a year doesn't seem like much, but many of us have had less in our accounts this month. + +Hope this helps someone. I am going to start another jar, I'm thinking $3/day because since I got a good job again I am always tempted to get coffee in the morning. + + + +📷CG AND CMC \*COMING SOON\*📷 +So you know, AUDIT HAS BEEN COMPLETED +✅ LIVE ON LIVE COIN WATCH [https://www.livecoinwatch.com/price/FullSendCrypto-FULLSEND](https://www.livecoinwatch.com/price/FullSendCrypto-FULLSEND) +✅ 100% organic community gowth +✅ 3.5k in the TG Group +✅ Website is published +✅ Whitepaper available for those to view and see the plan +✅The team is doxxed/publicly known +FullSendCrypto Is a DeFi Protocol centered on two key areas within the project; +The Full Send Trading App will consist of our Open Source Decentralized Trading Platform, whereby trading algorithm developers can publish their trading bots on the platform and users can purchase access to unlock the Trading Bot of their choice, in the asset class or market of their preference.  +Profits will be split between the Trading Bot Developer who published, and the Liquidity Pool for the Full Send Token. +Other major implementations: +\\- Learning platform for crypto-noobs +\\- NFT shop +Another function they are working on is trying to partner with the real life NelkBoys, FullSend legit! +\\- Incorporating FullSend store onto the App +\\- Utilizing FullSendCrypto to make purchases on FullSend merch, app, website, etc… +Website: \[[www.fullsendcrypto.net](http://www.fullsendcrypto.net/)\] +Telegram: [https://t.me/FullSendCrypto](https://t.me/FullSendCrypto) +I’m soon to hit $100k in VDHG (the only stock I own). Have decided against property for the next 5-8 years and am basically putting all my savings into it from here on out (aside from my emergency fund). + +The common advice on here is to keep things simple with VDHG and not to worry too much about optimising things like MER/fees with amounts less than $100k. + +What would you do in my situation after hitting this milestone? Continue trucking along with VDHG or consider DIYing with the underlying funds from here on out? Or something else? + +Any thoughts / perspectives really appreciated!! I’m leaning towards just sticking to VDHG as I value simplicity and have really enjoyed not being able to tinker (especially during COVID), but am increasingly concerned about the higher fees of VDHG and want to make the right long term decision. +Hope this doesn't violate a rule, such is life. + +Obviously you were drunk when you bought the ticket because that's not a sound financial decision. Or someone bought it for you. Whatever. + +I've seen this before which describes what to do when you win the lottery in the USA. Good advice in general but this is AUS so things are different. + +https://np.reddit.com/r/personalfinance/comments/24xe6f/xpost_askreddit_blakeclass_explains_what_to_do_in/ + +What would be done good advice for someone in Australia if this were to happen? + +From my calculations, $17mil would be enough to ensure someone and their partner can have a steady $100k/year for 75 years (with 2% raise each year to adjust for inflation) - what would you do with the other $43mil? (Besides blackjack and hookers) +Have there been any recent discussions or samples taken of the net worth and age of the people in this subreddit? You'd probably get a skewed result to the higher end but I'm still curious. +30 years same company. I’ve looked at the numbers about 500 times. Everything seems A OK on paper. I don’t like my daily work, my boss or the weekly air travel. I’ve been staying for the pay check. Today is the day I make the call. And ahhhhhh verve wracking. +RC can interact with so many GME trolls, but he rarely does unless I think he is trying to tell us something, like the BCG situation. RC has always been cryptic and very low in his responses to people on twitter yet he responds to someone who has a similar (but way worse) product than GME will offer + +His interaction yesterday really makes me confident we will have our stock tokenized and 1for1 Dividends being issued and boy when that happens our favourite stock is going where even the James Webb telescope hasn't seen. +I've seen lots of conflicting answers to the question "I want to put $ in stocks for [x] years." Most agree that buying stocks for a shorter horizon than 5 years (for house down payment, etc.) is a bad idea. Beyond that though, you see some people saying 7, 10, or 15 years is safe. + +I'm not going to say I know for sure what is optimal, but what I can do is provide some actual numbers. While past returns are no guarantee of future returns, on a large enough timescale we can at least build a decent model. I looked at the past **90 years of total returns** for the S&P 500 (including dividends), Baa corporate bonds, US T-bonds, and 3-month T-bills. + +I calculated rolling total return for various holding periods across the entire range. I then compared them to each other to see how often the stocks had a negative return, and how often they were outperformed by the various bond classes. + +[Here are the results.](https://i.imgur.com/YGHcOi1.png) + +While I wouldn't draw any **strong** conclusions from this, it certainly casts a lot of doubt on people advising that 7 or 10 years is adequate for 100% equity when you have about a 27-34% chance of losing to bonds. On the other end of the spectrum, this paints many target date funds as overly conservative, for example the [Vanguard 2045 fund](https://investor.vanguard.com/mutual-funds/profile/portfolio/vtivx) holds about 10% bonds even though they have about half that chance of beating stocks. + +I expect these numbers may be quite surprising to some people, especially since the past decade has been a generous bull market that makes equities look invincible. Anyway, if anybody has other quantitative means of looking at this, please share. Happy investing! + +Edit: Based on some comments I don't think I communicated this clearly, but it's more about how to evaluate asset allocation based on how far you are from horizon. +I made a $1k personal purchase on myself recently and I've spent 20 hours over analyzing it. Some days I'm super confident I should keep it, other days I realize I shouldn't. I've evaluated every in/out as to whether I can sell the product, what my loss would be, how many hours I would spend using the item, whether I should save $200 and get the crappier version etc. This isn’t the first case of this happening unfortunately, even for $20 items I over analyze. + +I think this stems from growing up severely poor where no way in hell would my parents drop $1k on a personal purchase, never went on vacation and was taught to just save save save. Also that this is a depreciating asset that won't make me money. + +The worst part is I got a new job this year with a 40% increase (was already in six figures) and NW has gone up $80k this past year. I thought making more money would relax me a bit more on spending, but now I just want to save 100% of the extra income. + +Anyone have tips? Therapy isn't helping + +Edit: Wow this exploded! Trying to respond to everyone but if I can’t thank you all for your kind words. The item in question is a laptop, but felt terrible buying it because I do have a (aging) desktop. I wasn’t here to seek reassurance on the purchase (though that was nice) more so to understand why I feel this way. This sub is always supportive. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Why I am long VIX/ UVXY Calls… + +Picture this… the year is 2022… we just had the worst 6 months in market history since the 70s… yet somehow we are magically now having the best start to Q3 since the 80s… Does that make sense to you? No? Good! Keep reading my friend! + +Before we go any further… the “You cant TA the VIX” comments… don’t hurt you little fingers typing that… I tend to disagree and believe the VIX is very trending when it wants to be… + +https://preview.redd.it/nn2t3883pua91.png?width=975&format=png&auto=webp&s=6606b63723c83936bd58c381d950146db734ef5f + +Here my friends is the Daily Chart of the VIX for all of 2022. What do you see? + +Green channel- this is where we spend a lot of the beginning of the January and February and briefly spent time in April. This range is 18.7 to 25.5. + +Orange channel- this is where we peak in Feb and March and spent almost all of May, June and July until last week. This ranges from 25.5 to 34.7 + +You also see we just broke major “support” on the black dotted line last Thursday on the VIX. You also see we have been making lower highs on the VIX since January 24th we have not made a new peak. And we also haven’t made a recent higher high since May 2nd. + +Time wise- we have spent 53 days below 25.5 and we have spent 76 days above 25.5 this year that means 58.9% of this year has been spent with the VIX >25.5. + +Okay still with me here? + +Lets take a look at the KEY events coming this week and take a look at how the VIX reacted to them this year… + + + +https://preview.redd.it/aymrhlcapua91.png?width=669&format=png&auto=webp&s=b9bb58425f9fccddb9a2be3ad3c20520e07ea39e + +&#x200B; + +https://preview.redd.it/p4dmyubbpua91.png?width=626&format=png&auto=webp&s=923c0003680c89d6ee3c67f0e22e7a7f6df57cf5 + +&#x200B; + +https://preview.redd.it/r86wrhifpua91.png?width=667&format=png&auto=webp&s=7bc0c992dd6bf14c4f460318d3f3df898646bcec + +&#x200B; + +https://preview.redd.it/lqi16u5hpua91.png?width=591&format=png&auto=webp&s=e5a69edf238e0acafac5427f538f69a26d16063d + +&#x200B; + +https://preview.redd.it/s242wgzipua91.png?width=741&format=png&auto=webp&s=058136b0a794342e83f1072ff0f99e9d824cadbd + +IF my calculations, predictions and overall suspicions are correct we should see the VIX “bottom” tomorrow. Currently I have 24 as a support for the vix but It doesn’t have to hit that. We should then see the VIX rising from Tuesday July 12th until two days before FOMC on July 27th. + +This means Tomorrow should be loading time (anything in the 24s especially) and July 25th should be time to SELL. + +Current positions (picture below for proof) as UVXY August 19th 20C and August 16th 35C. I opened these last week when I saw the vix break the 26.7 trend line it has been holding onto since June 10th. However, I was on vacation/ had the wedding so I couldn’t properly sit down a do some TA/ DD like this to open a bigger position. Tomorrow morning I plan to add more to this position and let them ride until July 25th. + +&#x200B; + +https://preview.redd.it/5py29k7npua91.png?width=663&format=png&auto=webp&s=4f7a5e894ad591468ad15e2ce5dd437346b74faf + +What does this mean for Spy, the markets as a whole and other stocks? Well most likely Friday was the PEAK and we are now getting ready for our next sell off. IF this truly is just like January and we are about to get the “big one” and see “capitulation” finally this is the perfect storm and they have set the VIX up perfectly to do it. We are yet to get the holy shit the worlds ending VIX 40-60s, everyone dumping everything they have and full on capitulation that we need to reach a bottom. I think we were close June 8th to June 17th but we didn’t quite seal the deal. + +If my calculations are correct we are about to see the next Sell off from July 11th until July 25th and I suspect this when we see SPY hit 330-340. + +The one question that we don’t know the answer to yet and could be an even bigger catalyst to take SPY to the 200s is that we have GDP for q2 on July 28th (the day after FOMC) and IF this locks in a negative reading we are CONFIRMING we are in a recession. This with q3 earnings starting End of January is going to be either a MASSIVE downward or upward catalyst. + +On Monday July 25th (two days before FOMC) we have earnings from MSFT + +On July 26th (the day before FOMC) we have earnings from Google + +On July 27th (the day of FOMC) we have earnings from Amazon, Boeing, Ford, META (fb), Shopify, Pinterst, and Qualcomm. + +On July 28th (the day of GDP pre market) we have earnings from Apple and Intel + +The week of July 25th is going to be one hell of a wild week for the markets. With all these earnings (and a few notable ones like Tesla the week before), FOMC meeting and rate hike (many suspect we see 100bps depending on this weeks CPI) and the q2 GDP reading (which is expected to be negative) we are most likely going to see full on capitulation this week if we haven’t already seen it. I think one way or another the bottom is going to be put in the last week of July. + +What if im wrong? Whats the worst case scenario and time to cut bait on VIX/ UVXY calls? + +&#x200B; + +https://preview.redd.it/vfhxvx7opua91.png?width=975&format=png&auto=webp&s=165e1517527d668b97df3e89df91ea9bc24c502c + +IF we were to get CPI this week to come in way under. I mean like 8.5% or less then MAYBE we don’t see the VIX rocket. That is about the only case I can see for the VIX to stay under 25 and not see the 30s or 40s by the end of the month. However, keep in mind.. the same people who told you that we were going to see peak inflation back in May is now EXPECTING the highest inflation yet at 8.8% consensus/ forecast. + +All I am saying is that the VIX has been behaving very fucky the last month and we got a very short spike before we all of a sudden dumped after the June CPI/ FOMC… Its almost like they wanted to get the VIX back under control and back to the low 20s before July. I think July is about to be capitulation month for SPY and the markets. +Honest question here. I saw them rally when the CPI was released, but then they crashed back down. Does that mean that market participants get into bonds and expect a brutal rate hike next year? Or was the CPI somewhat ok? Freaking Apple hit ATH again, I can't believe it TBH. 65-70% of stocks are trading below their 200 EMA. Is all of this already priced in? Those who believe in TA may see that Gold has a very bullish chart. Anyways, I am really interested to hear your opinion. +Sitting at a bar in my hometown over the holidays, i struck up a conversation with the young bartender who was having a slow night. We talked of life, love, boobies, and...forex. When the conversation turned to future ambitions he dropped the "F bomb" and his eyes lit up green as he passionately explained what forex was. To be honest, i didn't understand half the lingo he was spewing and my interest in the subject was dwindling. Then he brought out the numbers. Holy shit the numbers. On a bar order he showed me how he was going to go from $2000 to $9999999999999 in a number of years. I was getting pretty drunk at this point as the service was lag free when talking to the man. "If it was this easy" i slurred, "why isn't everyone doing this?" He explained to me that everyone in European Land was doing it. He explained he learned the Secrets from a prison Bazillionare who didn't pay his taxes. He told me about his 15 pip system (what is a pip?) and the magic of compounding profits. The bar was getting vibrant again and our conversation got choppy. Between the shots of fireball my buddies were buying me and the game of pool i was crushing at the conversation stopped. I don't remember when we left but i never said goodbye before stumbling out the door. + +I woke up feeling FANTASTIC the next day...ughhhh....and had to entertain my girl. In fact I had to visit with family and a few more friends. I did not even have time to think about Forex and went back to my holiday, delusion free. + +When i returned home i realized i spent WAY too much money on my holiday. Money, money, money. I wish i was rich. I need to be rich. Rich. Forex. What was that guy talking about? Billions? I could use some bilions. I tapped my IPhone and searched "4X" and eventually found a broker. Woahhhhh slow down, buddy. It's called forex and i bet there is a subreddit for this. Yep! I mean there is a subreddit for dragons banging cars. I didn't understand half the posts until i came across a post promoting babypips. I was going to need a computer and a couple beers for this one. + +I read ALL of babypips in one sitting. Granted throughout i was becoming aware of how much studying i was going to need to understand everything but i was getting my feet wet. I learned what a pip, candlestick, R and S levels, money management, and all that fun was. A WORLD was opening up to me and it was COMPLICATED. I was fascinated. I was impatient. I wanted to trade now! I mean, i just had to beat the spread, right? + +I opened a demo account on Fxtrade and watched as the charts loaded up. I had a full blown erection at this point. THIS IS SO COOL. Everything was moving so fast. I KNOW WHAT THAT IS. OOOO A DOJI! LOOK AT ALL THE PIPS!!!!!! + +At this point you are probably asking how much REAL money i lost. I'm sorry to disappoint you, you sad sad sadistic man. I are smart. At this point i realized mid boner how little i knew. I wanted to read charts, learn the candles, and check out the news. I felt the need to wear a suit as looked at Bloomberg and tickers. THIS WORLD IS AWESOME. I <3 FOREX! + +I decided to reward myself for the HOURS of studying i put in. Hours, ha. I was going to take my demo account and guess the market. I wanted to trade so bad and its just pretend money so yea, it's just pretend money. The next 4 hours of my life I got VERY possessive about that pretend money. I was yelling, biting my nails, jumping up and down. Oh, this was the fear and greed aspect people were talking about. WHY DOES IT KEEP GOING DOWN! My pips! My babies!!! + +At the end of 4 hours i was down 400 dollars!! I slammed my laptop shut and buried my head in my hands. I am such a shitty trader! Why couldn't i guess the market! Oh....that is right, i was gambling and you know what? I bet with a thousand more hours of studying i would still be gambling. I bet the gambling never stops. + +I have so much to learn and so much chart time ahead of me. This is not a get rich quick scheme. Hell, i am convinced you can't get rich without rainman powers and a zillion dollars of starting capital. It's fun, it's exciting, and it's a whole new world that has just opened up to me. So, if you are brand new like me to this world like me take heed to what i learned in my whirlwind introduction and don't be delusional. + +1. You are gambling, even with a strategy +2. There is a 99.9999999999% chance you won't get rich +3. You are not rainman +4. Learn Forex because it's fun and exciting, not to get rich (see #2) + +I look forward to learning from this community and i'm beyond excited to dive deeper into this world.Thanks for all the posts that are already here and thanks for the ones you have yet to write. People like me NEED to read them. Bring on the (demo) pips! + + + +I want to break into Cybersecurity, and even though being a Call Center Analyst doesn’t have many IT tasks, it’s a start. I hope after a few weeks I’ve shown my manager that I’m competent, and he can sign me more work that is closer to Cybersecurity. I wish the pay was higher, but I’m thankful I’m living at home so I can save most of the money. I will also be piano tutoring for 5 hours a week, and at my rate, that will be an additional $1k a month. I’m very happy and this only motivates me so I can move up and get a higher paying job + Hello all, I have been less active in recent months but here I’m again with yet another post for you all, hope you appreciate it. + +This post is for all the people who are considering trading as a full-time profession and not just a side gig, here are the things you should keep in mind rather than prepare to face before you even get started. + +1. Complexity - Trading is a complex profession, here you need to analyze calculate and execute trade all at the same time, sometimes the full procedure should be completed within 5-10 seconds if you are scalping and thus you should remain very focused on what you do. +2. There is nothing called luck - Yes, trading is way different than gambling where your winnings are solely based on luck, but in trading your earnings are based on how disciplined you are how you work with your strategy how good your psychology is, and most importantly how well you work with probabilities. +3. Patience - A trader should be like a lion, wait for the time to pounce don't just randomly get into a trade because your guts are telling you to, gut feelings when backed by technical analysis gives the best results, so always wait for at least 3 confirmations before entering into a trade, that way you reduce your risks of losing in a significant way. +4. Hard work - Everyone has a wrong notion that traders don't work hard, they just take a trade and relax, well up to some extent that thing is true, even I like to chill with a bottle of beer after taking my trade, but the hard work part is before we get into a trade, we must shuffle through our watchlist looking for formations in a different timeframe, look at the indexes, look for support and resistances and a lot more, only when the fatiguing part is done we take the trade and then we deserve to just chill and look at the charts + +Been said the hard stuff, its time for what you are going to need. + +1. Strategy - There are various strategies and most have a win rate of around 50-60%, to be honest, that's not a bad win rate given the trader has the correct psychology and wits to apply it profitably. All new traders should focus on LEARNING PRICE ACTION and depend less on indicators, cause indicators are ultimately derived from the price and not the opposite way around, once you have a good grasp over price action you should be able to either formulate your strategies or you can learn from the already established traders. +2. Psychology - I cannot emphasize enough on this, psychology is what is going to make you real money, you can get a target in 9 trades but then you lose 1 which takes away all your profits, that is a pure example of bad psychology, in the psychology section you must learn to accept small losses and also to hold winning trades and resist the urge of closing trades as soon as they are in some greens. +3. Proper routine - You might have heard somewhere that trading and your lifestyle reciprocate each other, if you are disciplined in life then automatically your trading journey will stay disciplined too, thus prepare a routine with enough physical and mental exercise and follow that to the dots, that will help your trading career for sure too. + +These are the points that came to my mind, if there is anything more please feel free to add them in the comment section. + +Thank You +Hey just getting some thoughts on what to do about this situation I am in. within the last two years I was in a low mental state and stopped caring.. one thing lead to another and now I am in extreme debt. I have learned and am ready to get back on financial track but need some advice on how to start hacking away at the amount… any help would be greatly appreciated. In the process of selling my car hopefully enough to just have it payed and not deal with the payment also trying to down grade our housing situation…. I live with my gf… she has no idea. Thanks in advance for the help +Pretty much what the title says. I can’t help a close friend out as quickly as their family needs the $$. They said they would pay me back in 2-3 months with interest. + +My assumption is a bank doesn’t make a loan that small. + +What other options could I suggest to him? Are there other ‘institutions’ that make smaller loans like that? Thanks in advance for your advice. +First off let's premise this with I know almost nothing about finances and go from there lol. + +So the past year now I have been able to start saving more and more and have accrued 10k in savings. It's not doing anything for me. I have some other money in stocks, some in coins, etc. But besides that I know nothing. + +My wife and I were planning on moving soon but got bad news on a home loan because I am a gig worker and it doesn't look good on paper so it will be about another year or 2 before I can do that. + +So since that money is no longer going towards a down payment, the question is what semi short plans can I make to do with this money? Ideally I would like to have the money not be tied down if possible so I could move it by to my brokerage account once the market looks stable again. +I am about to finish my PhD in econ and I feel really puzzled between two job offers: one is a research organization and another is in a private firm. + +I will write all figures post-inc taxes. Here are some facts on each starting with the research org: 1- $6.5K per month with great health insurance coverage for the employee and their family, 2- a solid and safe pension plan, and if you leave even after a year, you are paid 20% of your total annual income as an end of service payment. If you leave after 5 years but before 10 yrs, you are paid 30% of your last annual income. 3- education subsidy for children up to 10K per year per child, 4- overall it’s a stable job where most workers stay in the org forever, which is both a downside and upside imo. 5-last non-financial benefit is that the job location is closer to my family/friends and I love the city where the potential job is located. + +Now to the private sector job offer: 1- $13K per month, 2- similar health insurance coverage to the other job, 3- child education support up to 25K per child, 4- no pension plan and no end of service benefits, 5- the job is in the other coast, far from family/friends. + +However, I am really puzzled between the two options as I feel that I may regret not taking the private firm’s offer despite the risks it entails where there is no pension/end of service benefit. The job offer is honestly insanely high and I am unlikely to find a job that pays this well in the next 2-3 yrs, which is again makes me wonder if I should give a try and put emotions and the first job offer aside? +Hey guys, + +I am looking good financial planning Instagram and investing pages. Looking for something’s that’s easy to digest and educational. If you guys have an pages that you follow and enjoy please let me know! +Hello all, + +If you don't recognize my name then perhaps you haven't seen my posts at the start of all this. You can find the original DD [here](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/?utm_source=share&utm_medium=web2x&context=3) and the pre-earnings assumptions [here](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/?utm_source=share&utm_medium=web2x&context=3). + +Things looked bad today, and truthfully I'm surprised and proud that it took this long for us to have a red day. At one point last week the stock plummeted to $120 and everyone seemingly forgets that detail simply because it quickly rebounded. It dropped all the way down nonetheless when trading restrictions were imposed. + +Now, let's talk about that day. Why did it go down? That is easy, insane trading restrictions especially on RH where the majority shareholders place trades. + +But what's interesting to examine is...why did it go back up? My thesis is this was, in fact, Melvin covering. Retail investors were completely locked out of trade yet the price skyrocketed. + +Melvin is not the only short in the game, in fact many new short positions were opened. Some intentionally, others unintentionally due to lacking the funds required to cover the calls that were sold. Some people were selling calls with an $80 strike price others upwards of $400. Many of these calls were executed and people who never thought it would surpass $80 were now stuck holding the bag with a $320 strike price on Friday. + +One of two things can happen to these people: + +1. T+2, they will have two business days to cover their losses if able +2. If unable, they will have to open a short position to borrow the shares that they promised to cover. + +This logic is what led to new short positions opening last week and certainly will mean more short positions opened this week. + +So what happened today? Well, loads of people were still locked out of trading and a price drop happened. Naturally this was some longs taking profits but the volume is key here. The extremely low volume compared to the price drop simply doesn't add up. Instead it looks like a series of ladder attacks and ping ponging between hedge funds to drive the price down without any buyers to counter their progress. + +Now, why would they do this? **This is a very interesting question.** + +If shorts have covered, and there is no more fear of losses then why are they still trying to drive the price down, shift attention to Silver, and having the media run amuck with countless baseless claims? + +Normally, I am a fan of logic and reasoning and like to break things down to multiple situations...but this one only has one answer: they haven't covered. + +If they were covered and out of this, then all this other manipulation exists for no reason. + +Another question to consider: + +If shorts were covered or short interest was extremely low, then why is trading still restricted if there is no danger of a squeeze that would put brokers out of business? Again this has but one answer: there is still a danger for a massive short squeeze. + +The final thing to consider, if people are willing and want to buy and hold a stock, its price should go up...right? Well, all of WSB and many retail investors are still adding on this dip. + +Now, tomorrow will be an interesting day to monitor. If the price is maintained or lifted it will lead to another gamma squeeze due to all of the contracts that finished ITM on Friday. So all contracts that were sold to expire 1/29 with a strike price of $320 or lower will need to be covered by tomorrow. Technically T+2 is actually 2.5 so they might extend into Wednesday. A gamma squeeze will lead to the final short squeeze and in previous posts I would laugh at $1000 price target, but truthfully...I would now call that a minimum. Despite what today looked like, price decrease + low volume = bullish. + +Now, there is always possibilities but luckily this is one we can control: + +1. If the stock keeps getting purchased and held, then regardless of squeeze mechanics, the price will rise. With the squeeze, $1000 is a fair and minimum assumption. +2. If we cannot outlast the short attacks or trading gets restricted further (which at that point will have no merit), then GME will remain one of the most interesting stocks now that their are tons of longs on it and short int won't be immediately squeezed, it's interesting to consider a PT when the squeeze is complete. + +**TL;DR:** If shorts truly covered and there is no more squeeze left, why is trading still restricted? What are they are afraid will happen? With millions of people still buying more, then this price has no reason to go down...yet it is. That is due to trading restrictions and hedge funds taking advantage of the fact that no one could trade. A ladder attack that can't be interfered with is a perfect attack. Volume has been far to low to justify price action or even half of shorts covering. + +I am not a financial advisor, I'm just a guy that loves logic and reasoning. + +**EDIT:** For people claiming the liquidity defense, please tell me why trading on TSLA was not blocked during its insane short squeeze. If that sounds aggressive I'm sorry, I'm truly trying to find an answer to this question. + +**EDIT2:** This all speculation, no one knows what comes next, no one. We just do our best to guess. + +**EDIT3:** Revolut has set AMC and GME to sell only today. I can’t wrap my head around these moves, but the squeeze is over? Not likely...something simply doesn’t add up here + +**EDIT4:** Today’s volume already blows away yesterday’s and Fridays giving more merit to my thesis. Trading restrictions still have complete blocks on GME but RH opened the flood gates an hour ago. My God this stock is exhilarating. + +**EDIT5 - 02/03 08:17** I know everyone wants an update to my option and I would love to give one. Sadly the transformer in my building has blown and the power is out on my entire side of they building. This means no heat and no electricity. My dog and I are freezing and worse than that I work from home. + +A quick update on my personal opinion, I’m still bullish. Yesterday was expected, I didn’t think it would go under $100 but we figured it would be bloody. Today is very interesting with T+2 definitely being over that means we are starting to get some Failure To Delivers. GameStop getting listed on the [short restriction list ](ftp://ftp.nyxdata.com/NYSEGroupSSRCircuitBreakers/NYSEGroupSSRCircuitBreakers_2021/NYSEGroupSSRCircuitBreakers_202102/NYSEGroupSSRCircuitBreakers20210202.xls) makes things interesting as well. Apparently Warren is also pushing for an emergency meeting, just speculating but it could result in a 30 day trading halt. Moral of the story, I’m still bullish, Im still holding, this is all speculation, anyone who pretends it isn’t speculation is full of shit. You ultimately have to decide. If you want Mark Cubans insight on the whole situation check out his [Ask Me Anything](https://www.reddit.com/r/wallstreetbets/comments/lawubt/hey_everyone_its_mark_cuban_jumping_on_to_do_an/). Good luck, make the best decision you can make and don’t regret it. Hindsight is always 2020 in the stock market. + +** EDIT 6:** New requested post, mods keep removing it from this sub so put it on mine https://www.reddit.com/user/hooman_or_whatever/comments/lbucej/gme_short_squeeze_what_comes_next_part_2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Or here if it survives https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/?utm_source=share&utm_medium=web2x&context=3 +Rivian Automotive Inc., the maker of electric pickups backed by Amazon.com Inc., has filed for an initial public offering and is seeking a roughly $80 billion valuation, according to people familiar with the matter. + +https://www.bloomberg.com/news/articles/2021-08-27/rivian-is-said-to-file-for-ipo-seek-about-80-billion-valuation +I grew up in the well off suburbs of Westchester, NY. Anyone who is familiar with the Tri-State area knows that We$tche$ter is, for the most part, an over-privileged upbringing. My parents got divorced in the middle of high school. I got the one and only car I had wanted (2007 Nissan Xterra) a few months after my license, and left for college on a basketball scholarship at 18. Life was normal. + +FF 4 years. + +I begin the real world with exactly $0 in my bank account and a guest room at my mom's condo. My dad moved in the day I arrived. My mom hadn't been too successful with her real estate job and dad completely stopped paying her for years now. Both were unemployed. + +FF 3 years later (today) + +I am 25. I have a stable and steady job in NYC that couldn't be more perfect for me. I am FAR more stable than my parents, but still living modestly in Brooklyn, completely on my own. My mom has no health insurance. She has begun to lose her teeth because of lack of dental work. Its heartbreaking. My father has been in a deep depression since the day he has moved in to my mom's house. He got another tattoo of a dagger with blood on it on his other shoulder. He has become an alcoholic. 4 years ago I was shocked he was having a beer at lunch, now he can finish a bottle in a day. I have lent my father 5k+, which is more than I had ever had to my name. They both work very hard everyday to turn this all around, but nothing has seemed to work to make ends meet. They're in bankruptcy and will be evicted eventually with very, very little money to their name. + + + +I can't grasp how quickly things turned to shit and am flat out of ideas on how to help at this point. + +Networth $2.2 m(does not include house. Stocks/Bonds/Cash) and age 47. I hated the job I was in and just had surgery. On paid leave for 3 months. Did not want to go back. I was able to transfer to a new job while on leave which appears to be a much better job. If not for inflation I may have retired. Inflation appears to be global. 3-4 years of 8% inflation is a killer. Also if the fed jacks interest rates to kill inflation(this may not work that quick due to global inflation issues) this will lead to a recession. Its inevitible. Then big stock market correction. + +&#x200B; + +people who invested in rental properties are likely good for inflation, but those of us who went with the stock market will have to suffer through a big correction. I dont know how long this inflation with last. The supply chain issues. The war in Ukraine means that there may be food shortages in poor countries which will contribute to price increases in the US since its a global food market. + +I think those of us who own a home are partially insulated since we have a mortgage locked in at low rates. + +What are you doing? Are any bond markets moving up interest rates that are good for investing? Everything I see is still below inflation rate? so I am still 90% in stocks. +Has anyone else noticed how the advice on these subs has changed in the last year or so, regarding investing vs debt. It seems that a year ago everybody was quoting the trinity study and saying only pay off debt over 6% or whatever. Now that the market is in correction, most people have suddenly become a Dave Ramsey “pay off debt first” advocate. It’s just interesting to see real risk tolerance in action. +Curious if any of you are "all-in" in saving/investing as much as possible or if you have a spending outlet/hobby to keep a healthy balance. + +For me, it's golf. Unfortunately, it's an expensive hobby, but I'm not willing to give it up over the next 15 years for a couple added years of financial independence. Luckily, I can keep all my other expenses in relatively check and still save a decent chunk of my salary (~50-60%). +Treat them as a scam until the team proves otherwise. Not the other way around, trusting them blindly until someone proofs that they are a scam. + +Just my two wei... +I'm just looking for devil's advocates. I like to hear other peoples opinions and any downsides i'm not aware of before I go balls deep into something + +Edit: thank you all for your input. I have decided to avoid trading something I obviously don't understand and return to selling options on retail companies that I am already familiar with +**TL/DR** + +Bitcoin users can help lower transaction fees and improve bitcoin by switching to SegWit addresses and encourage wallets/exchanges to do the same. + +**SUMMARY** + +Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions ([Understanding Segregated Witness](https://thewalletgenius.com/understanding-segwit-segregated-witness/)). Since that time wallets and exchanges have been slow to deploy SegWit, some admitting in December 2017 that they have not even started work on integrating it. Others, such as Zebpay in India [have already implemented SegWit](https://blog.zebpay.com/how-zebpay-reduced-bitcoin-transaction-fees-a9e24c788598) and are reaping the benefits of reduced transaction fees. If bitcoin users demand SegWit now it will temporarily relieve the transaction backlog while more even more advanced solutions such as Lightning are developed. + +Batching is another great way that exchanges can reduce their fees. See: [Saving up to 80% on Bitcoin transaction fees by batching payments](https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb). Despite the benefits of batching, some exchanges have been slow to implement it. + +There is an opportunity now for all bitcoin users to individually contribute to help strengthen and improve the bitcoin protocol. At this point, the process requires a bit of work/learning on the part of the user, but in doing so you'll actually be advancing bitcoin and leaving what could turn out to be a multi-generational legacy for humanity. + + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $32USD per Tx +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 170K unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 10% SegWit Tx's + +__________________________ + + +**BACKGROUND** + +On Dec 18 Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make 80%+ SegWit happen fast. You can help by taking one or more of the action steps below. + +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin. +4. Spread the word! Conact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch + +IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange. + +__________________________ + +**SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | *NOT READY* | **Yes** | +| Bitfinex | Ready | **Yes** | +| Bitonic | Ready | **Yes** | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | **Deployed** | **Yes** | +| LocalBitcoins | Ready | **Yes** | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates + +[Source 1: BitcoinCore.org](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2: /r/Bitcoin](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) + +Official statements from exchanges: + +- Bitonic: [SegWit: In testing (including send from bech32). Batching: Have been for years. ](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/drv127w/?context=3) +- Kraken: [Deposits are made to Segwit addresses and withdrawls are sent in Segwit format, but frontend presentation is pending full implementation/support in wallets such as bitcoin core.](https://twitter.com/krakenfx/status/949547526847307776) +- Shapeshift: [We don't order batch, but we will get to it. So much engineering to do :/](https://twitter.com/ErikVoorhees/status/947994430606229504) + +___________________ + +**SELECTED WALLETS THAT HAVE SEGWIT ALREADY** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | +| SegWitAddress.org| Paper | + + + +______________________ + +**FAQs** + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else? + +- SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority. + +Once Segwit is FULLY adopted, what do we see the fees/transaction times going to? + +- Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time. + +What determines bitcoin transaction fees, to begin with? + +- Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first. + +Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + + [Source: HowToToken](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + +______________________ + + +**P2SH/bech32 FAQs** + +What are the two SegWit address formats and why do they exist? + +- It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to existing wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would. + + Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses. + + [Source: BTCManager.com](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +What is the difference in address format between SegWit address formats P2SH and bech32? + +- P2SH starts with "3..." + + bech32 starts with "bc1..." + +Which addresses can I send from/to? + +- P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backwards compatibility + + bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum + + [Source: BitcoinTalk.org](https://bitcointalk.org/index.php?topic=2347427.msg23976364#msg23976364) + +Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not? + +- The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32. + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) +- [BTCManager.com - Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) +- [Day 3: ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) +- [Day 4: Unconfirmed TX's @ 174K](https://www.reddit.com/r/Bitcoin/comments/7m6zd0/day_4_i_will_repost_this_guide_daily_until/) +- [Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /r/Bitcoin SegWit effort?](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/) +- [Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7na2xb/day_6_i_will_post_this_guide_regularly_until/) +I recall reading an article years ago about how if you start with $1000 and make 20% in each trade, it only takes something like 45 trades to make it to $1 million. Anyone want to start in 2021 with me (or have any suggestions for my first stock)? + +And no I aint doing any penny stocks + +edit: apparently 37 trades only! It gets even easier + +Edit: thinking of DKNG if it falls below $40, CRM at the current price, or PLTR at 20-21 + +Edit 3: New sub /r/1kto1mil --> feel free to join the journey that will likely end up in flames but will be fun. Also the goal is not to do this just in 2021, its a journey that will take multiple years! + +**EDIT: darn! should say now* in the title, not "not"** + +As the title says, I have a year review coming up next Thursday. I've incurred a lot of abuse from this company and am actively looking for a job elsewhere, but there aren't many openings in my small-ish town apart from retail and labor. + +I feel like I'm being grossly underpaid to do specialized work that I wasn't even hired for. I've been a project manager, designed and built several website for this company, ran a 9-month ad campaign (including designing all the materials that went out), become a salesforce administrator, and done the work of my colleagues (who all make over double what I make) while they slack off....all while making less than my friends who work retail and with no recognition from my manager and boss. + +In my year here, I've realized that I know more about these things than my colleagues, but (hate to make this a gender/age thing, but my boss is from an oppressive culture) since they're older men and I'm a younger female, half the time my boss just assumes my colleagues did the work and doesn't believe me when I explain that it was actually me. + +How do I approach this at my review? Do I bring a list of all the work I've done, along with the average salaries from these fields in our area? I don't know that I have enough time to get a counter offer from another company and I'm not sure an opening at another company nearby even exists.... + +Thank you + +*A quick note to investors that believe the intrinsic value of bitcoin is 0 because they can't do a DCF on it: this isn't the place to argue with me about it. I suggest you read a bit more about what it actually is (hint: not a currency). I've defended its value in plenty of other posts on this sub. It's a $40+ billion market, so at least a few people agree with me. I welcome you to short the crypto of your choice if you think it's worth nothing. This is a post for folks that believe that cryptocurrencies have at least some discernible value and are considering investing in them.* + +*** + +> If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter. – Warren Buffett + +Given the tripling of the cryptocurrency market cap in the last few months and the 3- to 10-fold increases in virtually every major altcoin, cryptocurrencies like Ethereum and of course Bitcoin have been getting a stunning amount of attention in the press and on this subreddit recently. + +If you follow the cryptocurrency world closely, you know that there have been a huge amount of dubious ICOs (initial coin offerings) on the market recently. It's an explosive time in crypto. + +It's also a frustrating time for many long term bitcoiners and crypto fans, because we're faced with a barrage of questions from outsiders who see the returns and want to buy in to the "next big thing" and make a quick buck. This is a warning to those people. + +Everyone is a genius is a rising market. It's hard to go wrong these days in crypto. Even coins of dubious merit like Ripple, Dogecoin, Stellar, NEM were pumped 5 times without any fundamental change. Speculators/investors have thrown money at crypto indiscriminately and efficient markets have 100% broken down. The altcoin pump right now is roughly comparable to the Dot Com crisis of the early 2000s. + +1. New tech promises to change the world +2. Investors jump in on hype and promises +3. A surge of IPOs (ICOs) occurs to capitalize on this +4. "Greater fool" traders pile in, thinking they can make money even if the underlying is unsound +5. Analysts claim "this time is different" while seasoned old hands refuse to participate +6. Tech is proven not to be as developed as everyone thinks, market tanks +7. Select few decent companies survive, all the trash is destroyed +8. Tech eventually fulfills expectations, 10 years later, but none of the investors from the early days make money on it + +However, canny (and skeptical) investors can still make money on crypto, as cryptocurrencies are inevitable, and will continue to expand and proliferate, even when the altcoin crash comes. + +Something to realize first of all is that the crypto market is heterogeneous. It has straightforward cryptocurrencies (bitcoin, litecoin, dash, monero), smart-contract cryptos (ethereum, ethereum classic) and a whole bunch of crypto tokens that follow dedicated platforms (golem, augur, steem). Not mentioned are ripple and stellar because they aren't really cryptocurrencies at all. + +The investing theses for all of these categories is radically different. The measure of success for a currency or store of value is adoption, merchant use, low volatility, a large network, and real world acceptance as something worth owning. Bitcoin has this right now, which is why it's more than 50% of the ecosystem, and none of its competitors are even close. Monero, Zcash, and [Dash](https://www.reddit.com/r/investing/comments/69ez1b/7500_faceless_coders_paid_in_bitcoin_built_a/dh7ajya/) are a special case in that they try and make transactions anonymous and privacy, allowing for use cases on the darknet markets, for instance. + +The tech underlying bitcoin is essentially sound, although it is having a scalability crisis, which you should read about. It can't right now serve as a currency which will buy you a cup of coffee - the transaction fees are too high. However if you want to send $200,000 from Mexico to Indonesia or China to the Philippines, you can do it within 20 minutes, and with fees of a few dollars. And if you want to store your wealth in a vault that is totally secure, and cannot be debased by a central bank, bitcoin is a good bet. This is highly relevant to folks in India that just had cash abolished, to Venezuelans, to Argentines, to Cypriots, to Nigerians, anywhere local currencies are weak and volatile. The potential value of a competing cryptocurrency lies in whether it can improve materially on bitcoin, whether it means incorporating off-chain scaling (segwit with litecoin), making it more private and fungible (monero), automating governance (decred), and so on. + +Then there are cryptoassets that incorporate smart contracts. These – ethereum and its derivatives – exploded when the SEC denied the Bitcoin ETF back in march and bitcoiners got worried and started diversifying. This is the market segment that is highly risky, even by crypto standards, in my opinion. Ethereum is a protocol that allows contracts to self-enforce. Programming power to run the contracts is paid for with ethereum. Two parties agree to a contract, and it then self-executes. It's secured by a decentralized computing network of ethereum miners, so the contracts cannot be shut down by a government or corporation. It's pretty clever. Last year, a $150+ million contract was drawn up with ethereum, which would act like a venture capital fund, picking good investments just based on the votes of the token holders. This was called a Decentralized Autonomous Organization, and it was hacked before it could do anything. Well, it was exploited based on the code and so the exploit was totally "fair" given that the contract was meant to be inevitable, once agreed to. However, the creators of Ethereum didn't like the idea of losing $50 million, so they decided to collectively agree to amend the rules of the protocol itself (violating "Code is Law"), and jump onto a new one, which they would also call Ethereum, although it was really Ethereum 2.0. Some people got upset by this, because they thought that immutability and not arbitrarily rolling back the code was more important than some investors losing money because of poorly written code. They created Ethereum Classic, which is the original Ethereum chain. This wasn't what the Ethereum 2.0 folks thought would happen, but it did happen, so there are two competing Ethereum chains now. + +Eventually, lots of decentralized apps were funded, via tokensales. A development team would say: "we're going to use ethereum to create a decentralized cloud computing/AI/prediction/gambling/timestamping/social media network." And then investors would buy the tokens, expecting that eventually the dev team would deliver, and the tokens would be in demand, since they would be required to use the network. It's a bit like buying in-game-currency when the game is announced, anticipating that the game would be wildly popular and you'd be able to sell it on later at a profit or acquire it cheaply to buy in-game items later on. However, many of us think that the promises are a bit extravagant, and that investors in these ICOs are probably going to lose money. The incentives aren't well aligned. Founders can just not deliver and run off with the money, and there's no regulatory body to enforce that. And for Ethereum more broadly, many people are worried that the turing-completeness of the language will mean it will face serious threats and unforeseeable hacks, like with the DAO. Finally, Ethereum has increased from around $20 to $90 in a matter of months, which raises the question of whether a) the market realized its true value or b) it was pumped on speculation. There's a huge set of unknowns with a smart contract currency, and virtually none of the promised dapps are up and running right now, and the ones that are haven't really attracted large userbases or delivered. This is because the tech is in its infancy, and the developers are still learning how to use it properly. So we won't know if these sorts of decentralized networks are even possible to create on the timelines that investors are expecting. Therefore, ethereum investors buying it on the promise of the realization of this tech in the near future are almost guaranteed to be disappointed. Additionally, ethereum is making the switch to the largely untested Proof of Stake algorithm, which will change incentives that secure the network. This brings me to my key point: + +**Stay within your circle of competence. You can grow your circle – slowly. Cryptoassets are almost impossibly complex to grasp with just a cursory look. Investing in them requires weeks of reading and a very skeptical view.** + +*** + +The above was an introduction to cryptocurrencies, the different ones on offer, and why investing in ethereum is not the slam dunk everyone thinks it is. This portion of the post will tell you about the kind of due diligence you need to do if you want to invest, rather than speculate, in crypto. + +The first thing to mention is that passive investing in crypto has [historically been a terrible strategy](http://woobull.com/crypto-currency-index-funds-the-simulations-have-surprising-results/). Just buying bitcoin almost always outperformed. This was due to the poor set of altcoins, and the size of bitcoin's almost insurmountable network effect. This sort of changed in March and April when bitcoin's dominance went from 80% to ~50%, and it remains to be seen if this will persist or not. But the point is, buying the index is usually an awful strategy in crypto, particularly because there are so many truly awful projects out there. + +So what does it take to invest responsibly in cryptocurrencies? It requires at least a basic understanding of three disciplines: public-private key cryptography; programming, and how open-source projects function; and economics, particularly game theory and the quantity theory of money. This is why is is so difficult to apprehend easily: because very few people actually boast a sincere understanding of these three topics. I certainly don't. + +You need to be able to determine whether the tech is actually going anywhere, and whether the task the developers have set themselves is possible or realistic. You need to know how open source networks are governed, and which models strike the best balance between efficiency of decision-making and fair consensus. You need to be able to measure the inflation schedule of the cryptocurrency, and see whether your coins are going to inflated away. You need to be able to make plausible guesses about the potential market for the crypto and estimate future values. Note that the payoff structure is not equity-like. It's more like early stage venture capital, or buying loss-making biotech companies. Here's my checklist of questions to answer, ordered by importance: + +* Does the project offer a significant improvement over its nearest competitor, or a reasonable chance of success in its stated aim? Is there a demand for this project? Does it have a concise and reasonable goal? (Narrower goal: higher likelihood of success). + +* Is the development team competent? Are they committed to the coin? What's their track record? Is is an active dev team? Do they have a roadmap for the future? Are they transparent about goals? + +* How is the development team funded? Is the currency corporate-backed? Is the funding transparent? Was the coin significantly premined? (Usually bad) Are developers paid via iterative community project crowdfunding? (Usually good). + +* What is the governance structure of the currency? Who holds ultimate control over decisionmaking? How are decisions made? Are they transparent? Are mining/developer incentives aligned? + +* Does the asset have acceptance and use today? Does it have a functioning use case? If it doesn't, does it have a decent chance of being accepted? + +* Has the asset's "market cap" tripled or quintupled in the last few months? Was this based on any fundamental changes (new software releases, etc) or just speculation? + +* What are the transaction volumes like? (Hint: divide market cap by monthly averaged daily on-chain tx volume to find a consistent ratio) What's the ratio of on-chain transaction versus exchange speculation? Has price gone up independent of transaction volumes? + +* How long has the asset been around? Think of the Lindy effect. Older is usually better. + +* What's the community like? Is there censorship? Does it have an active subreddit? Do the developers answer questions? Are they accessible? How big is the github community? (Hint: you can divide market cap by github commits to find a comparable ratio). + +* Are you psychologically able to hold this coin in a 90% downturn? Is this a high conviction thesis or are you betting on being able to sell it to a greater fool? + +How long did it take you to learn about investing in equities? Reading balance sheets, running DCF and DRI models, figuring out how to value a stock based on comparables? Years? How many mistakes did you make before you figured out how to be responsible? + +Cryptos are an [asset class](http://research.ark-invest.com/bitcoin-asset-class) that is both radically different from anything that has existed before. They are also incredibly heterogeneous, as I argued above. It also leads to cultism – so bitcoiners generally take a dim view of ethereum, and vice versa. Monero fans generally don't like dash, and so on. You have to keep your mind open to understand new opportunities as they arise, and to stop yourself becoming too mentally invested in your project of choice. The vast majority of projects will fail within 5 years, so becoming overly certain of the success of one will probably devastate you. If you can stay balanced, stay honest about your crypto's chances of success and adoption, not get tunnel vision, and not take overly risky positions, you have a good chance of not losing everything. Remember the payoff structure. Heavily rightward skewed. A ton of cryptos earn no return and a select few earn an absurd (1,000-10,000x) return. + +None of this is necessary if you just want to invest randomly in one of the top ten cryptos. That's the strategy of 95% of investors today. Pick a coin and go. If it's not bitcoin, I can pretty much guarantee you'll lose money. The newer, the worse. + +I've not made an effort to convince you that cryptos have intrinsic value. If you've made it this far, you probably think they're worth something at least. However, they're probably not worth as much as the market is pricing them at right now. Especially not those in the ethereum family. I'm not going to tell you what to invest in, because that would defeat the purpose of this post. I'm telling you to do your due diligence before blindly buying a crypto. And that due diligence on ethereum is as complex and difficult as Tesla or Amazon DD. And that your skills in equity valuation are pretty much useless in this asset class. My circle of competence doesn't extend to options or lean pork futures, so I don't touch those. I suggest that until you really feel comfortable in crypto, you don't buy randomly. + +*** + +Summative thoughts: + +1. Investing in crypto is hard +2. 90% of people that invest at market peaks will lose money +3. You have to extremely skeptical and invest in high-conviction positions +4. Cryptos are exhibiting bubbly behavior right now, it's a pretty bad time to pick one out +5. Cryptos are nothing like equities but they do have real value +6. Cryptos are the future, but almost none of these coins will survive 10 years +7. The older the better +8. Governance is key +9. These are speculative positions, only invest what you can tolerate losing +10. You can make money investing in cryptos +11. Passively investing in cryptos doesn't work +12. It's a winner takes most market, there won't be 1 crypto that wins. There will be different cryptos for different use cases. + + +edit: deleted chart with probabilities of success because of subjectivity and oversimplification. + +edit2: I've been overwhelmed with PMs so bear with me. also, please forgive any spelling errors on this post. I wrote it in one frenzied sitting. + +edit3: I knew I would get a fair amount of resistance from ethereum investors (even though I attempted to keep my post as balanced as possible) but I was unprepared from the breathtaking volume of spam and diversity of attacks. One particular user has made 30 comments in this thread. I don't have a stake in ETC, period. The post is 3000 words long and most of it is about how to properly do your due diligence in a crypto. if ethereum fares poorly by standard due diligence metrics, then perhaps your issue is deeper than one post on /r/investing. + +**final edit: there have been some broken-hearted ethereum fans very busy organizing [brigades](https://www.reddit.com/r/ethtrader/comments/6as0ag/etc_trolls_in_rinvesting_trying_to_confuse_new/) against this post, and attacking me personally, and so on. It's all very incovenient. I can tell that I struck a nerve. This post isn't really about ethereum - it's about how to do research in crypto, and why you can't expect to profit handsomely without that due diligence. I mentioned ethereum because there are 3 or 4 breathless posts on here a day about its stunning gains and whether it's worth investing in. My answer: read about it first, from a diverse set of sources. A final note: I do not own any ethereum classic, I have never owned ethereum classic. I brought it up because it is part of the ethereum story, and an example of what happens when you have a contested hard fork. I do hope that ethereum succeeds, I am just cautioning against over exuberance.** +I've been adding more of the X-Etf's in the last month; XLF, XME, XLI, XLE, XLT, etc. I do own several stocks I have conviction about, but I'm thinking of trimming and going into more sector specific ETFs. + +Is this completely pointless? Does it just make sense to just buy in SPY? + +I've been able to out-perform SPY recently so I'm just curious if this is a complete waste of effort or what others opinions are. thank you. +Edit: Thanks for all the feedback! The front runner now is to completely move to the city at least until baby goes to elementary school, and rent out our suburban house. At that point I should have an additional promotion or two and will have better leverage for remote work. This seemed like such a drastic change that I didn’t even bother listing it as a potential idea, but you all are right, going between two places is a lot (and essentially a vacation home in the suburbs is lame). Thank you again! And for those curious, age 29 (he’s older, current nw is pretty even split contributions-wise, I just started working young) nw 3m, target nw 10 (which is barely fatfire, so thanks for entertaining my question)!! + +My work is going to be fully onsite soon, and I live about an hour away in the suburbs (work is in city downtown). + +Back before we went remote, commute was not an issue. Now…I have a baby and I’d rather spend the two hours with her than driving. My yearly comp is a bit more than 500k, his is 300k. We’ll be completely fine on just his salary alone, but given mine is larger, that would significantly push back our FIRE target if I just quit my job to be a sahm. I’m thinking of getting an apartment in the city right next to where I work, where we could all stay during the work week. He’s remote so not an issue there. A one bed would be around 2.5k a month. Is this crazy? I know some people who make as much as us but they all have these long commutes and just deal with it. Am I just being lazy?? + +Some other ideas: +- get a condo in the city (investment vs just renting) + +- adjust my work schedule where I get in/leave at off hours, then work more from home. This’ll shave 20min off my commute each way. +[Form D filed today](https://www.sec.gov/Archives/edgar/data/1181412/000118141219000002/xslFormDX01/primary_doc.xml) + +Not to say the offering is complete (they have 15 days to file from the initial date) but it’s a pretty dismal showing. +Hello all, I've been following this stock for a short while, and also use their service (primarily a bitcoin cashback service with retail partners). It has risen quite significantly this last trading day, and have been looking for news or releases to explain without any luck. Any thoughts as to why it would rise so dramatically? I am aware of the significant drawdown since its highs +My mum has cancer and I will get approximately 100k-120k in will money. I would love to be able to retire on this but know it’s quite unlikely. Am I right in thinking the best to way to invest would be by simply buying a flat and living in it? +What stocks (preferably UK) are you down on the most but still think will rebound somewhat close to what they were before march? + +Preferably a stock you've continued to double down on and have accumulated £100+ into. + +e.g. Lloyds £300 (-19%) +Hi Reddit, do elaborate on the above... Hypothetically (random example) if I withdraw 20k from my broker after some success on the stock market, would the bank question this? Any delays? + +I guess what I'm trying to say, is it really as simple as withdrawing it into your account? No strings attached? + +Ofcourse, I would have to declare capital gains tax myself (though didnt want to state the obvious) + +Thanks, +Hello Apes- B\_T here, I'm coming to you today with an update about the community banner! + +I've been keeping an eye out on the submissions for the contest, Though... unfortunately, there haven't been many, we've only had 11 people sign up😅. ***BUUUUUUUuuuuuut*** I wanted to bring to everyone an idea that I LOVED that was thrown around the sub this weekend: + +The r/Place event was a really great effort by our community and really just so much fun. Some have suggested cutting the banner contest altogether in favor of making the top part of our r/place poster the subreddit banner. I think this idea is fucking awesome: + +https://preview.redd.it/gskoox2fsxr81.png?width=1652&format=png&auto=webp&s=5ca50090248da959bb8b273f9df7e248ac299286 + +I really like the r/place banner being adopted for the sub. For one, I think it's hugely symbolic of what the apes can do when they work together towards a common, clear goal. This banner perfectly encapsulates "Apes together strong". Not only that, instead of the banner being made by only one ape, it's a banner made by our whole community's joint efforts, which I feel is so very fitting. In preparation for this post, I have prepared an edited, banner-ready version for everyone's approval (proper aspect ratio, stray pixels removed. etc) + +[I propose this be our new Superstonk Banner ](https://preview.redd.it/7f2l5ilfvxr81.png?width=2705&format=png&auto=webp&s=797dd2d0eaf012d38860c315f25ada1d808f67b7) + +So please vote below on the poll on how we should go forward. Either we continue the banner contest (pending more entries of course), or alternatively, we could use this collaborative r/place banner. I leave the decision in the Ape's hands: + + +**Edit: I will likely be putting up another vote after this one. We want to make sure we are attentive to what the community wants, and given the support for** u/BoltFlower**'s design, it seems like the way to go.** + +[View Poll](https://www.reddit.com/poll/txrp4c) +I am relatively new to dividend investing as of March of 2021. I originally started with the Idea that I would go all in on T and VZ. Fast forward to today and I’ve matured to 7 Stocks. T, VZ, MMM, CVX, PEP, KO and REYN. + +The idea is I get a monthly dividend payout Jan - Dec. Which is not a new strategy but an easy one to have fun with. Started my goal of $10.00 in divs from each stock, reinvest and add bi-weekly pay. I’ve grown the payouts from $20-$30-$40. At present I’m averaging $50 monthly in divs. and growing. (Although I’m really at $70, I adjusted for T shares div to 1/2 $0.26 est. because next year there spinning of a portion of their business.) I find that it’s easier for me to stay engaged when I feel like a home owner collecting rents each month. Bonus: Rents increase each month. Lastly, I got my two oldest working daughters in the early 20’s on this plan and they love it. + +Moral of the story find a way to have fun and get it done! :) + +($15.5K Invested) Age: 44 +All notes directly from u/Helpful_Egg2364. Thank you fellow ape for allowing me to post this! Their account is not old enough to post here. + +Link to the AMA: https://www.youtube.com/watch?v=2rJujnpKiqM + +\--- + +AMA: "reported SI is *garbage*" + +AMA - He believes there are 2 sets of books "like ENRON" + +1. through DTCC - audit trail +2. ex-clearing - broker to broker outside the SEC + +Everything is Fake News in the financial sector - the system is rigged + +\- From AMA - horses mouth +\-AMA: Bona Fide Market Makers - They have no actual affirmative obligations - just the privileges (from what I understand) + +AMA: Bona Fide Market Makers and Prime Brokers are center stage in the rigging of the system + +\- He speculates that this began in late 90's early 00's when DTCC purchased the NSEC (loan stock). + +\- Proprietary trading became the main business of prime brokers as opposed to IPO's and wealth management + +\- Proprietary trading in stock lending is really just "driving the company into the ground" as a business model- We're finding that we are rarely wrong about our assessment of the system. We may be wrong about specific moves and dates but rarely about how it all comes together.--- + +\- Confirming that the DTC is a self regulating body which was a good idea turned into a monster due to lack of enforcement. Electronic delivery is environment ripe for fraud. + +\- Require that stocks be delivered: This is lying, cheating, and stealing! + +\- He has never gone to trial on these cases because they typically settle to avoid airing dirty laundry. + +\- No lending shares more than once! + +\- Creating artificial supply undermines the entire mechanism of the stock market + +\- He has helped clients fight for a year to get their 10's of millions of shares. + +\- They are working on tools to identify when you are being delivered actual shares or counterfeit shares + +AMA: + +This is the same thing as a car owner xeroxing their car title and selling the same title 100 times. In that case they would be in jail but this is the *Cabal* + +DL: "too big to jail" + +AMA: they are preparing a major bench case! + +\- He is doing this for the principle + +\- Takes a gargantuan effort - "GOTTA BE STRONG AS APES" + +\- He likes us calling ourselves apes + +AMA: Good lawyers representing crooks. + +\-"do we want to be on the side of right or the side of wrong." To be on the side of truth "or those who lie cheat and steal" + +\- Their team (which notably includes DAVE) is tackling this hardcore!! + +AMA: + +DL: This is pretty much the first time this has gotten attention "AT THE TIME" of the short selling. The popular uprising is instrumental in making a difference in breaking this cabal's influence on the market + +WC: "I think this has the best chance of being successful." Referring to GME breaking the power of this cabal + +WC has successfully tackled stock manipulators, working with DOJ, FBI, etc. But the punishments for many of these cases are slaps on the wrists relatively speaking. + +AMA: + +WC: It will take massive amounts of people to show the bullies HF + Prime brokers proprietary trading desks (make money by you buying, shorting against you, and lending your stock!). + +\- The "investing public" can share information and fight this behavior. + +\- Use cash accounts, monitor that they are not being lent, keep an eye on what your pension funds do, and other changes of behaviors. + +\- This behavior by Prime Brokers and HF is not right, illegal, and impacts the bottom line of all investors. + +AMA: Synthetic Shares and Failures : MECHANISMS + +WC: + +\- only answers using publicly available shares + +\- they have been called rehypothecation, reverse conversions, etc. But he calls them popeye and whippy principle (give me the share and I will pay you next wednesday... which never comes) + +\- Results in dissemination of false info. Which they (proprietary trading desk) can show to their **internal compliance office,** who can show the **regulators,** + +\- Naked short seller asks another broker who will sell him some shares **which are marked long but are actually SHORT** + +\- Just strategies to buy them time so the compliance and regulators off their backs. + +\- Naked shorting is essentially a Futures contract to do something in some form of shares which NEVER GETS consummated + +AMA: + +\- I missed a bit to let my dog out. + +\- many of the trading platforms are just servers in a data centers (in NJ) making it easier to lie and harder to regulate + +AMA: + +WC: has seen firms using Large ITM options trading hands as a means to spoof the market + +\- A lot of favors between brokerages. They will sell each other options contracts which will last 90 days and then 2 days before will tear it up + +\- u/Itz_Ape *explanation:* A option seller can "neutralize" a sold option via buying it back. It looks like when time to "neutralize" sold options comes, they ask for a new option. Rinse and repeat. + +\- fails sometimes exist for years + +\- The mission of the bad people is to drive the price down so they can keep the cash + +AMA: + +To be certified as a "class" for a class action suit, you have to be "in the same ball game with the same bat" all **damaged** in the same way. + +Roundup example: All people were injured by the same company but were not a class because they were not injured in the same way (however changing because they are seeing that it leads to cancer (same damage)) + +AMA: Discovery process (GETTING INFO) + +\- Most cases have protective orders, so only parties (sometimes only the lawyers) can see them + +\- sometimes they get published by SEC or the parties on accident. + +\- They have ways to check public information with cross-sections of data but this often requires cooperation with the issuer + +\- Issuer contracts with DTC for certain services , such as a daily Position report to the issuer + +\- Daily position report will let you compare how the debits and credits are happening in comparison with what is happening in the market place + +\- Best way is for Issuer to contract with 3rd-party entity to "stock-track" + +AMA: Synthetic Shares voting over 100% + +\- WC has seen this many times in many companies - SOMETIMES OVER 200% + +\- over half of the 60-70 companies he has worked with + +\- THIS DOESNT EVEN TAKE INTO ACCOUNT THE PEOPLE WHO DON'T VOTE AND THE PARTIES ENGAGED IN THE NAKED SHORTING + +\- he has brought this up to legislators and bureaucrats and they talk big but do nothing. + +AMA: Impact of Synthetic shares + +\- Impairs corporate governance // company unable to carry out their basic functions + +AMA: GME RECOURSE FOR OVER 100% SHARES + +\- GME CAN SUE the parties (Direct Claims) + +\- Shareholders can sue the parties (Derivative claims) + +\- Corporation owes fiduciary duty to shareholders, NOT SUING CAN BE A BREACH OF FIDUCIARY DUTY BY CORP. + +\- CORPS WHICH DO NOT SUE OFTEN TEND TO GO TO $0 + +AMA: CAN SHORTS OFFLOAD THEIR SHORT POSITIONS ONTO NON-DTCC PARTIES? + +\- No answer + +AMA: + +\- Dilution is a damage -is compensable to various extents. + +\----- + +How helpful are Judges/DTCC when it comes to discovery? + +WC: You are dealing with PEOPLE. Generally: Harder to get discovery from judges in NY. State Judges take more interest in it, Federal judges less. + +\- KEY: be extremely precise with your motions to compel (discovery motion) explain why each document you are requesting is relevant to the trial. + +AMA: + +WC has been in the cause for 20 years. And he will be part of this until it is resolved or he dies. This cause is extremely important -- has the country and global economy at risk. + +He is open to do a part 2. +Hello everyone! Happy Father's Day and Juneteenth!! + +Welcome to another week of forward looking technical analysis with me u/gherkinit a.k.a. pickle dude (apparently). + +This week is most likely to be a pretty wild ride hopefully I can shed some light as to why and what to expect. + +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 reading comprehension issues. The Holiday weekend created some delay's so I will be posting this at 9pm EDT tomorrow on 6/21/21. + +# Part I: Technical Analysis + +**The Ascending Channel** + +Well this one fell apart...It had an excellent run holding true for 22 trading days. I'm more than willing to admit that surprise events can take place which completely invalidate technical trends. + +The surprise announcement of the ATM offering and then no announcement of it's finalization have possibly defeated this trend. While I think an announcement of the ATM offering could return us to that exponential growth pattern it will still have to correct for this week's mostly sideways action. Either way if this trend picks up again it will need some time to re-develop. + +**Cup & Handle** + +Well where one falls another takes it's place. + +This will be the primary technical indicator I will be monitoring for a breakout this week. I moved this out to the 1D timescale and plotted the high/low range for the breakout. Then marked historical volume levels for primary resistance, breakout point, and confirmed breakout resistances. If we cross the confirmed breakout point we can expect to see price improvement to the range of $525 - 1050. (If I have to monitor a cup & handle, it's damn sure going to be the most accurate one I can draw) + +[A pretty nice Cup & Handle on the 1D ](https://preview.redd.it/ldbp213ubi671.png?width=2171&format=png&auto=webp&s=3b149bc2107c5a56c39b14db5e5e719adcdcb55c) + +If you have any questions about cup and handles [please divert them here](https://www.investopedia.com/terms/c/cupandhandle.asp). + +**BBKC** + +The lower Bollinger has once again crossed into the Keltner channel at the end of last week if we see another day or two of consolidation we may see another squeeze indicator pop up here last time it fired we went from $176 to $344. + +[Previous BBKC breakout and current potential squeeze signal.](https://preview.redd.it/9bssn6u7hi671.png?width=2083&format=png&auto=webp&s=a3944ad745fd03b106ee36e47041e93bdf612c46) + +**Technical Conclusion** + +It looks like a yet another potential breakout stifled by an ATM offering, for those of you that started following these back in April you will remember this happening during the 3.5million offering and the MOAW. However once the announcement was made and that floor of 157 established we quickly took off upward. I suspect History will repeat itself. + +# Part II: The Market + +I don't feel this should be ignored this week as it may have a huge impact on what happens with GameStop. I actually trade the SPY often, and it may be the only ticker I have watched more than GME. + +As fears of inflation grow, with the Feds announcement that inflation spiked to 5% the largest 12-month spike we've seen since 2008. Additionally [P/B](https://www.investopedia.com/terms/p/price-to-bookratio.asp) , [P/E](https://www.investopedia.com/terms/p/price-earningsratio.asp), [Schiller P/E](https://www.investopedia.com/terms/p/pe10ratio.asp) ratio's are the highest we've seen since the dotcom bubble. (I know shiller...haha) + +[Anytime the Schiller P\/E has gone above 30 there have been MAJOR corrections and change in economic trends and sentiment. ](https://preview.redd.it/xtf40d1kri671.png?width=1686&format=png&auto=webp&s=2559667911d7aad114c3fc86a70d5832551a16c9) + +While the **death cross DD's** I've gotten spammed with over the weekend are as far as I can tell are miscalculated, A few other indicators do show us the we are entering a strong correction and possible flash crash. + +The first is the breakdown of the short and long-term trends + +[SPY long term trend on the 1D. A break below the #3 correction zone would indicate a potential crash.](https://preview.redd.it/yyc918bcui671.png?width=1731&format=png&auto=webp&s=dc04d2ef663aa0a0672a866a800fe5522e0eb275) + +The second is a bearish crossover on the daily MACD + +[MACD on the 1D](https://preview.redd.it/r7pkd6hyui671.png?width=1738&format=png&auto=webp&s=9cfe69b7794a2cc975882cc9b709168d9d765a47) + +One more note the gamma exposure ([GEX value](https://www.investopedia.com/terms/g/gamma-hedging.asp)) for the SPY on 6/18 is at $ -2956.17M, Meaning that in order to remain delta neutral we will see increased selling from MM's. You can learn more about [pinning here](https://www.investopedia.com/terms/p/pinningthestrike.asp). + +I want to emphasize that while I do expect a correction, a crash or flash crash while possible is still unlikely. + +# PART III: Conclusion + +Well I wouldn't want to go to the movies 👀 during a market crash, I wouldn't mind holding some GameStop. I think GameStop is uniquely positioned in the event of a market correction or crash. While we may see some very nice dip buy opportunities, apes hodling means that we generally don't come down hard with the greater market. + +A large enough correction could also trigger MOASS, as net capital of SHFs is reduced by a market sell off. This could in turn cause margin calls on the short positions. + +We could also see a significant amount of volatility this week from the Russel and S&P rebalances as GameStop is part of the Russel 1000 and the S&P 600. + +**I cannot emphasize enough the importance of diamond hands through this as this may be the last opportunity for SHFs to try to shake apes off the stock (possibly the reason for all the can kicking). If this is their bet, I think they fuked with the wrong apes!** + +It's gonna be a rollercoaster... + +Just one other fun note. + +The short interest positions on the S&P Equities is released on June 24th... + +GME ----S&P 600 you can figure it out + +&#x200B; + +TLDR; buy, **HODL, and WAKE UP!** + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under pinned posts on my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join thousands of other **awake** apes as we watch literally every minute candle, 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) + +For memes and other fun stuff on [r/dillionaires](https://www.reddit.com/r/dillionaires/) + +As always thank you for the support + +🦍❤️ + +\- Gherkinit + +Disclaimer + +*\*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.* + +*\* 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.* + +\**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/) +hey guys. + +So I wouldn't say I'm a novice. I've done my backtests, made a few profitable algos I've done things so independently that when I visit something like quant stackex, I really see its so beyond me right now. + +I'm wondering for people that frequent that site, what is required to participate in that level of discussion? + +I can't say I would shoot for it right now with so much on my plate BUT I would like to at least know the kind of stuff that's being dealt with. + +I see a lot of help/recs in the side bar which is great, however, I'm still not sure if those would be reaching that level or not. +Going to start with some of those recommendations, but it will be nice to maybe bookmark this thread to eventually come back to if I've read through some of those within this coming year. + +Thanks! +Any tips for an E1 Private with -$200 to his name, 1 month out of basic training, to build up his savings? I’m tired of spending money I don’t have and always feeling that looming feeling of not really living within my means. If anybody has any tips or anything to help me kick this new chapter of my life off that’d be great. +I’m a 21F who almost became homeless after some broken promises with an apartment, since I was kicked out sooner than my expected date from my ex boyfriend because I didn’t want to be with him anymore. + +I don’t have a car although I am working on my license (ex prevented me from getting license and credit car by manipulation) + +I am living with my parents but I won’t have enough time to gain a car or my own apartment in time (I’m in Florida for reference) + +I’m so desperate to become a stripper or sell feet pics and work at a horrible environment like Amazon or caregiving. I look like I’m a 15 year old girl, so living in the streets isn’t the best idea, but my family doesn’t want to keep me because I can’t meet their expectations when it comes to their chores because they suffer from bad OCD and have toxic values and views. +Hello everybody, + +I am currently 22 years old. In June next year I'll finish my Master's Degree in Computer Science. At the moment, as a part time job, I make 900€ a month and that will continue until April next year when I switch to a full time job. + +At the moment, I live at my parents home and after expenses I can save 500€ every month. I am taking advantage of it and I am building an emergency fund. + +Also, I am considering using 8-10% of the money to invest a long-term strategy, through a 10+%/year return ETF. I have been getting lots of mixed opinions about investing at such a young age. + +Some people say I should do it but there are also people that advise me to save up as much money in cash at this stage of my life. + +Overall, I am inclined to start investing. Lots of people say the sooner the better and its not like I am investing a big pile of cash every month... 70-90€. + +Nevertheless, what do you think I should do? + +Thank you for your time! +Hey guys. So TLDR I'm 22 and for the first time in my life I have a decent income and no debt (outside of student loans, and I'm still in school so no payments are due). + +To make things simple. This month I am going to have ~$1000 after expense are covered. No credit cards, no car loans, no personal loans and I don't know what to do. I kinda want to just throw it into my off roading car, but honestly I don't use it enough to really make it worth it, and it definitely wouldn't keep that value. I could toss it in a savings account, but honestly i don't like the idea of supporting banks, not to mention the money would just lose value there (and I would be rather tempted to spend it on useless crap) + +Any advice on what I might do with it? Something accessable, but not just a few numbers on a plastic card away? Something that hopefully wouldn't lose value. I've never had money with nothing really to spend it on. I've always been paycheck to paycheck and often with some debt or money owed to friends/family so I really don't know what to do. + +I should be cashflow positive month to month, but probably only in the range of ~$200/month most the time with some months where I need some cash. + +Before covid I loved to travel, go to conventions, see new places, etc and that is where I would put all the money I could, but I can't even do that anymore. + +I'm not a huge earner, I don't make $60k or anything, in fact I'm probably only arround $20k or less, but I have a decent place to live and I'm happy where I am for now +I have a little bit of money put away and would like to know how to make more with it. I'm not interested in stocks because I find it too risky and not crypto because It's not my thing. Any ideas would be helpful. Outside of a regular 9-5 job i have a lot of time and don't know what route to take. I am doing Air BnB and am making some money off of that but that's all I've been able to do. +Not sure if this is the right group -- I have compulsive urges to buy things. Mostly pretty items I don't need - like jewelry, art, bedding, furniture, clothes. I am not rich but not poor. This has to be sign of emotional distress. I love watching Hoarders, both fascinating and horrific. I am not at that level since I am decently organized, I throw away garbage. Each day I make it without buying something, I feel relieved and proud but it starts all over again. I work full-time and pay for my own bills. I follow one online auction house. I do not have packages coming in daily from Amazon. But I have spent $2000 in the past 10 days to buy diamond earrings and a ring. Does anyone else have these awful urges? +So, I've recently received a new job making 27/hr. This is 10/hr more than I have ever made before, and can be a real game changer for me. What I was hoping for from you guys was tips and suggestions on how to use this excess income wisely. I want to invest properly so I can retire safely and comfortably. Any thoughts? +Literally some of my family members and friends are asking me for money, gifts and all as they know that I'm gonna get paid. They know my financial status so I can't say I don't have money. How shall I say no to their request without provoking them ? I'm speaking about childhood friends and close relatives who are now already used to me buying them stuff. + +I know I made mistake from the beginning but how can I get out of this situation now ? I'm trying to save money for myself but at the same time I don't want to damage any relationship over money, +I know it's their problem and not mine but still. + +I'd love to hear advice from some people who knows this feeling. Like I'm not working to buy things for you ???? + +Sometimes they ask for small amount 3-4 times a week so that they know I have it for sure, sometimes for something which costs huge amount. I'm losing interest in people who act like that and I know if i say that to them, they will get offended +I'm in highschool and I got a part time job a couple months ago. I just hit 1000 dollars and I wondered what I would do with it. My friends told me to get a new laptop or Gaming PC, but my laptop suits my needs and I don't need a gaming PC. What's the smartest way to spend 1000 dollars, especially in highschool, that I can use for schoolwork and fun? +I don't know what most of the words I just typed mean, but the gist is I'm sitting on the poverty line and curious if there are things investors do without thinking much about it to get modest amounts of passive income. I'm not looking for a "get rich scheme", just "oh I thought everyone was doing this already" kind of thing that a farm kid from the Midwest would really have had no way of knowing about. +I saw the other post which definitely has some merit. I want to start up front by saying that trading ETH is risky, and should only be done by people who are willing to accept that risk. + +However, trading seems to have taken some kind of super negative connotation around here, but it really isn't. It's a bet that you are smarter than the rest of the market. Yes, it's a bold claim, but it's a chance you can take. + +One of the toughest things for new people in trading is the sentiment in this sub. Like it or not, bulls have more power here and bears tend to get downvoted. In addition, even more powerful than that, people here never recognize reversals in the market until well after the fact. Yesterday after the drop to $17, we raised back up to $18 and people were saying we're back to a bull market and expect $20 by the end of the week. Same thing when we dropped to $15.5 and raised back up to $17.5. The short-term trend has been overwhelmingly downward. But the sub will ring in a "bull market" far too quickly. Contrary to the name of the sub, the majority of people in here give terrible advice. + +If you want to succeed in trading, you have to correctly predict the trends before the majority of other people do, which is extremely difficult as you might imagine. + +As a trader, my goal is to scoop up as much ETH as possible. I buy low and sell high on major trends in order to acquire as much ETH as possible. I believe in the tech, similar to most of you, but want to increase my holdings by trading. I'm willing to accept the risk that I might lose on some trades. It takes a lot of self-discipline and awareness. + +There's also a few sayings around here that I want to dispel: + +1) "ETH is so undervalued" - This honestly means nothing, it's simply an opinion. The market is the only true measure of anything. There have been plenty of "better" technologies in the past that have been definitively better but never took off. Saying it is undervalued is purely your own opinion, but people treat it like an undeniable fact. It isn't. In bad technologies or stocks, this is what the bagholder mantra. Learning that will make you a better trader. + +2) Learn to spot bad predictions - I'm not saying incorrect predictions, I'm talking about bad predictions. This happens when someone guesses at what the price will be over a timeframe with no real rationale. Something like "Bull market can't be stopped, $20 for sure by the end of the week" or "If we fall below $15, we'll see $12-13 for sure" are all terrible predictions. The market changes pretty rapidly and is more correlated to BTC than anything else. These predictions may end up being correct, but using a "Jump to Conclusions" mat would be as scientific. + +3) Asking people how much ETH they hold - This has no bearing on the merits of someone's thought-process. The best trader here might only have 10 ETH. That doesn't mean their opinion should be invalidated. Just don't ask how much people hold because it doesn't matter. And anyone with any substantial amount isn't going to broadcast it on Reddit :-P + +Overall, trading is not some dark art. It's trying to be smarter than the market, which is an admittedly difficult task. But we shouldn't pretend that there's no reason to trade. It's a great way to increase your holdings and invest even further into ETH with a limited bankroll. +##**INTRODUCTION**## + +Alright apes, it's time for part 3 in my "grow some options wrinkles" series. If you haven't read them yet, go read [Part 1](https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/) and [Part 2](https://www.reddit.com/r/Superstonk/comments/qz0oy6/apes_guide_to_options_part_2_the_search_for_more/). Please read Part 1 and 2 if you haven't already. Important topics like IV and theta were covered there that are extremely important. + +As I said in Part 1, this is NOT financial advice. I am NOT telling anyone to buy GME options, just trying to educate apes so they can make their own independent financial decisions. + +If you think you're too smooth to understand this stuff, I promise that you're not. It's really not that hard. If you don't get it, ask questions to those of us who do. Paper trade until you feel comfortable and are making good plays consistently and get a feel for it. + +**DRS is the way**. Options and DRS are not mutually exclusive. The shills try and make this some false dichotomy, but no such conflict exists. The goal of using options is to gain leverage, make money, and get more GME shares to DRS. I was recently able to buy an extra 1000 shares due to some recent options moves I made prior to the recent spike after the WSJ article the other day (yes I'm aware the WSJ article didn't cause the spike, this was just a quick/easy way to name this event so everyone knew what I was talking about). + +##**Table of Contents / TLDR**## +Here's a TLDR/Table of Contents for this post: +- Do not buy OTM calls. +- Do not buy calls that expire soon. Go at least 60-90 days out or more. +- Do not buy calls when the stock price or IV is high. Buy them when price and IV are low. +- Ignore FUD. Apes stronger together. Knowledge is power. +- Learn to use u/yelyah2's charts to visualize floors and ceilings. +- Do consider using spreads to mitigate risk, reduce costs, and gain leverage + +**Quick Smooth Brain Review of the Basics** + +- Buy calls only when GME price is low and expected to go up. + +- Only buy ITM calls. + +- Only buy longer dated calls. Right now, I am personally looking at dates like April or June or later. + +- As a general rule, DO NOT buy OTM calls, or weeklies that expire like next week. These are basically lottery tickets and you're probably going to lose. + +##**LET'S DISPEL SOME FUD**## + +**FUD #1: If you buy options Kenny is just going to keep your premium** + +I see this one talked about a lot. Does Kenny sell some calls to apes? Probably. But so do lots of other traders. Good money can be made selling bad idea GME calls, so lots of traders sell GME calls and happily take your premiums. It's is far more likely that your premium is being taken by some dude on the autist sub than by Kenny. This is why you educate yourself, so you don't make dumb plays that lose your money. + +**FUD #2: If you buy ITM options, they'll just drop the price** + +This one is sneaky, because there is a kernel of truth to it. Can they drop the price? Sure. Do they have infinite ability to drop the price? NOOOOO. If they did, we'd be "back to $20 fast" as u/criand likes to say. What are their limits? It's hard to know for CERTAIN, but this is why we buy when the price is LOW, and it is why we buy LONGER dated options. IF they drop it, it gives us time to recover and spike up again. How low CAN they drop it? We'll try to answer this question in this installment. + +**FUD #3: u/digitlnoize is a shill and wants to take your money** + +No, I don't. Anyone suspicious of me is welcome to check my post and comment history. You'll see that I've been involved in this movement since the events of January 2021 and regularly posting since the days on the first sub and every ape migration since. I don't want ANYONE to do anything they're uncomfortable with, or ANY APE to lose money at all. Apes stronger together. Knowledge is power. I want apes to educate themselves and not to mess with options until they understand them, but to also not stop learning UNTIL they understand them. If you think you're too smooth to understand them, I promise that you're not. They're really not rocket science. Buy low, sell high basically. Paper trade until you're winning consistently. + +**FUD #3.1: u/digitlnoize is PUSHING apes to buy options. Why the URGENCY?** + +I am NOT "pushing" anyone to DO anything but educate themselves. There is no urgency or call to action here. I am not recommending anyone rush out and YOLO into FD calls Monday morning. That is NOT the way. I only want apes to educate themselves to they can make THEIR OWN educated, and informed decisions, and this is just a primer to start people down that road of a more robust options education. I am NOT suggesting anyone buy anything right now. Merely that apes learn more about options, both so they can make GME related decisions, and to have more financial knowledge. Knowledge is power. + +**FUD #3.2: u/digitlnoize is giving apes just enough knowledge to be dangerous.** + +I've gotten this one a few times today too from shills. I am not suggesting that the knowledge presented in this series is all you need to go start trading options. This is merely meant as a primer to hopefully help some apes start learning more about options. Everyone has different learning styles. Some people learn well from reading textbooks or watching dry technical YouTube videos. I am not one of those people, and I know many apes aren't either. My posts are written for apes who learn better from talking things out in simple, plain language, without getting over technical, and using hands on examples to illustrate concepts. I've received many comments from apes saying my posts helped them form a new wrinkle, which is all I am looking to do here. If you don't learn this way, then ignore my posts and go learn another way, but also realize than some people are finding this learning style helpful as a primer and recognize that learning this way, as a community talking things out in real time, is helpful to some people. + +**FUD #4: If you buy calls Kenny is going to use those calls somehow to manipulate the price.** + +If you've been doing your homework, then you know about variance hedging. See the excellent DD from my good friend u/zinko83 and u/mauerastronaut if you're not up to speed on this. + +Currently almost all the options volume on GME is the SHF's variance hedging portfolio. As long as apes ignore options it actually HELPS Kenny hedge more accurately. The variance hedging strategy works much better if/when the options activity is predicable. Kenny isn't taking your calls and dropping the price. In fact, all available data shows that more call buying pushes the price up. If anyone can show data showing the opposite I'm happy to see it, but I've posted white papers in the past showing clearly that modern markets are driven by options volume. + +**FUD #5: Options are useless unless you have the cash to exercise** + +This simply isn't true. First, you can do a cashless exercise, selling some options or exercised shares to cover the cost of the exercise. Or, you can sell the option for a profit, then use the profits to buy shares to DRS. Options are useful because they give you LEVERAGE. They multiple your purchasing power, which is hugely helpful when you don't have a lot of it. + +##**HOW LOW CAN WE GO**## + +Alright apes, are you ready to have your mind blown? We have a secret weapon and it's u/yelyah2. Some of you may have seen Yelyah's excellent posts and amazing graphs. I'm gonna smooth brain these things down for you because they are freaking awesome. I won't claim to understand these at the level Yelyah or others do, but this is my smooth brained ape-speak interpretation. Note that this is only my own thought process, and I am illustrating here to give an example of how I think about ITM vs OTM vs a "true floor." I do not mean anyone to take this as me "trying to predict price action", merely my own thought process when I'm thinking about strikes and what might be safely ITM or not TO ME. You may have your own method of finding floors. This is beyond the scope of this introductory talk. Still, I think the exercise is illustrative, and I think time will prove it roughly correct, though by no means a crystal ball. + +Here you can find Yelyah's most recent post explaining her work in a more formal manner: https://www.reddit.com/r/Superstonk/comments/rxtqpg/gme_delta_neutral_update_hedgies_r_fd/ + +Take a look at this beautiful picture: https://preview.redd.it/r7dv5rpwn5a81.png?width=1421&format=png&auto=webp&s=c613f6147d83db9ab69844a734ff3efa4bd4f372 + +The blue line is the GME price. See see grey and yellow lines? Those are two different calculations of "Delta Neutral". Delta Neutral, or DN for short, basically acts as a floor for most stocks. A lot of stocks will pick one DN or the other to be their floor, but other stocks will do what GME does. Basically one DN tends to be the floor but sometimes it can drop to the lower DN. + +Take a look at the price after the June spike. As we start heading down we hit the grey DN line and ride sideways briefly until they were able to break through that resistance and drop us down the the yellow DN in August. Then look what happened? We bounced back up. + +We bounced off the yellow DN again in December too. They seem to have some ability to pull us a tiny bit below the DN, but the few times this have happened have been very short-lived and, dare I say, *transitory*. + +By the same token, then RED LINE (gamma maximum) tends to act as an upper resistance on the price. If you follow the graph, you can see multiple times when we've bounced off the red line. + +The GREEN LINE (delta change) tells us when we might expect an upcoming price spike. As you can see, it's been going ape shit lately. It's a bit unpredictable as to "when" but green spikes tend to precede price spikes. + +So, how low can we go? It's hard to predict, and I don't claim to be 100% accurate, but all data I see suggests that the recent low of $120-ish may very well be the floor, and we *should* hopefully be headed upward in the coming weeks/months. So I am personally considering options in the $100-130 maybe $140 price range. I'm not suggesting this is what all apes should do, and am not predicting any specific price action. Merely trying to illustrate how I think about it myself, for whatever that is worth. + +##**I CAN'T AFFORD OPTIONS**## + +This is a big problem for a lot of apes. First off, if you can't afford them, it's ok. You can leave it to those who can. Or wait until you can afford them. That being said, if you need some help affording options plays, there are ways to mitigate this if it is a concern for you. Again, I am NOT suggesting anyone DO anything. Merely informing people that these sort of things are possibilities, because they also help illustrate some important options concepts. + +Please allow me to introduce you to the concept of SPREADS. A spread is basically when you take two different options positions at once. + +- Price Spreads: You can do spreads by price, like buying $100 calls, $120 calls, and $140 calls all for the same date. + +- Calendar Spreads: You can do spreads by date, buying $120 calls for April, June, and Jan 2023. + +- Bull Call Spreads: You can BUY a lower strike call and SELL a higher strike call to offset the cost. + +- Combo spreads: You can buy a lower strike call for April and sell a higher strike call for Jan 2023. + +(You can also do all these with puts of course). + +Let's look at what this does to an ape's cost. Let's say that you want to buy some $120 calls for April. Current cost is just under **$4k**. What if you also sell a $180 call for April along with it? This lowers the cost to just under **$2k**. This does put a cap on your profits (see optionstrat.com if you need a graph to visualize it), but it still nets you a ton of profit off the bought call that you can use to get more shares. + +**100+ Share Club Options** + +What if you own at least 100 shares? You can sell covered calls against those shares and use that money to buy more shares or calls (or spreads). The absolute best time to sell calls is at a peak on the way down (as I suggested to do in November on our way down from $250), but if you need the leverage, you can sell calls now and use that money to buy the dip (calls or shares). The sold call isn't as profitable as it would be otherwise, but if you use the money from the sold call wisely it can pay off. + +For example, I recently sold a few covered calls against my shares for Jan 2024 at $510. For this, I received a premium of over $3k/call, but would have to sell 100 shares for $510 if it goes over $510 before Jan 2024 (unless I've bought the call back before then on a dip). But in the meantime, I used that premium to buy shorter dated calls, which I sold at open after the WSJ article for a huge profit. Neat huh? Why not just DRS those shares, rather than sell covered calls? DRS-ing is important of course, but I choose to use a few shares to give me options options, so I can get MORE shares to DRS. Leverage is a magical tool. + +##**EDIT 1: BROKERS**## + +Check with your brokers on how exercising works before you proceed with any of this. Some brokers will let you "cashless exercise" where you use other calls or shares to cover the cost of exercising ITM calls. Other brokers (Fidelity cough cough) make you freaking CALL THEM ON THE PHONE to exercise. So it varies. Check with your brokers and get familiar with the process via paper trading, training videos, or trying it out in small amounts of other cheaper stocks before doing it with GME. + +##**EDIT 2: Other Resources**## + +As I've said many times, this is meant to be nothing more than a basic primer/introduction for beginners in ape/speak. This is not meant to be an exhaustive guide or to make anyone an expert on options. This is also NOT a call to go trade options NOW. Merely to educate yourselves so you can consider whether these moves might be right for you at some point. There are many, many other more in-depth resources out there if you want more information. + +- The options sub (which I won't link due to brigading rules) has a wealth of information and a good sidebar with lots of info and links. + +- Most brokers have introductory courses on options. Including [TDA](https://www.wiley.com/en-us/Positional+Option+Trading%3A+An+Advanced+Guide-p-9781119583530), [Fidelity](https://www.fidelity.com/options-trading/start-trading-options), and I'm sure many brokers have something similar. + +- The TDA trading platform www.thinkorswim.com has a great paper trading mode that can let you practice without any actual money at risk to build your skills. + +- This book, Positional Options Trading, is a great guide to more advanced info: https://www.wiley.com/en-us/Positional+Option+Trading%3A+An+Advanced+Guide-p-9781119583530 + +If anyone has other great resources, send them to me and I'll link them here. + +##**EDIT 3: You can exercise OTM calls**## + +The super helpful u/udoshi notes the following: "Please keep in mind that you CAN exercise out of the money options! Your broker just won't do it automatically for you" For example: You have a call option at $154 and the stock closes at 153. The option would expire worthless, but you don't want your broker to exercise it and keep the shares for themselves. You would pay an extra dollar per share ($15,400 - plus the option premium in the first place) to do so." + +##**EDIT 4: MARGIN?**## + +An ape in the comments pointed out that at least some brokers might not let you trade options unless you're on a margin account. I'm not sure if this is entirely true across all brokers, or only some, or if it's possible to trade on cash accounts but it's just typically done on margin, or what. Regardless, apes should check with their brokers on this to be sure if they're worried about margin accounts. Also, if you DO want a margin account for options, you can simply have shares in a cash account, and use a separate margin account for options. I don't see this as a big deal personally, but some might, so I wanted to mention it to avoid any confusion or mistakes. CHECK WITH YOUR OWN INDIVIDUAL BROKER. + +##**EDIT 5: Cashless Exercise**## +I have received word that Fidelity at least doesn’t allow cashless exercise. I know from personal experience that you need to call Fidelity (yeah, on the telephone!) to exercise period. As far as exercising calls goes, always check with your broker first, before you even begin trading options. My understanding is that this varies by broker, and I don’t know the rules for every broker. + +##**TLDR**## +- Do not buy OTM calls. +- Do not buy calls that expire soon. Go at least 60-90 days out or more. +- Do not buy calls when the stock price or IV is high. Buy them when price and IV are low. +- Ignore FUD. Apes stronger together. Knowledge is power. +- Learn to use u/yelyah2's charts to better visualize floors and ceilings. +- Know that spreads can be used when appropriate to mitigate risk, reduce costs, and gain leverage +- Check with your broker for any specifics to how they handle things like exercising options, margin accounts, etc. +I think swing trading is a fools errand. I just want to admit I have a gambling problem, and warn those who are new that the risk is very real that you can lose almost everything you put in with nothing to show for it but a handful of bad days. This is not a way to get rich quick, and it doesn’t matter how good you are at models/math/fundamentals/etc you won’t have a secret formula or edge against the market. Just buy passive instruments and make consistent contributions. I’m personally going into bonds. Idc if the returns are lower, at least they aren’t negative. + +Edit: Thanks for all the constructive feedback. I really didn’t expect this post to get so much attention. I unintentionally learned a lot and plan to start backtesting as well as trimming the amount of methods I use. Still plan to find a safe place to put my money while I do this, but will likely pour over some bond charts before committing to entry points. +Thanks for reading. + +I'm a 29 year old mother of two boys. I'm full time employed, a private tenant and I pay childcare for one of my children. + +I have multiple high interest loans, which I believe are around the £7000 mark. My income is currently less than my outgoings and I am struggling to the point where I just want to cancel all my repayments through my banking app, but I'm not going to because this situation is as bad as it can get anyway. + +I can't afford repayments anymore. I've just left my relatively good income role and had to take a job which pays £9000 less per annum. My rental costs and childcare will total the exact amount of my wages per month. + +I'm at a loss of what to do. These loans were taken out basically to scrape through during the pandemic and keep a roof over our heads. + +I've looked at getting a consolidation loan but no one will touch me now as my credit score is shot. + +I've been looking into an IVA but I have no idea where to begin. Has anyone had one before and would you recommend this as a route to go down? + +Thank you in advance. + +(ENGLAND) +I’m trying to decide if it is worth the 10% to hire a full service property management for one mixed use building with a commercial space and 2 apartments. What are your thoughts? +My parents had really well paying jobs when I was growing up, so I never went without. I had nice clothes, vacations, concerts, we went out to eat a lot, I went to private schools, played sports, and we lived in nice homes. + +My parents split up when I was 14 and that’s when I really saw a difference. My dad kept that same standard of living, but without my dad helping my mom she had trouble functioning like an adult. + +We moved into a run down apartment, my mom had to get food stamps, there was times we didn’t have food, or the power and water would get shut off. + +I didn’t get along with my stepmom so I lived full time with my mom. My brother got to escape from it for a week, I didn’t get to. If anything we had less food when my brother wasn’t there. Sometimes my only meal a day would be school lunches. + +I found out as an adult when my dad and I reconnected that he was giving my mom hundreds weekly for groceries, and bills she couldn’t pay. + +I obviously didn’t see that money, she had addiction issues so I assume that’s were that went. + +Once I turned 16 I got a job so I was able to buy myself clothes and food. + +I went into being and adult not knowing how to do anything and it’s been a struggle. I’ve reached out to other adults or friends for advice, and this sub has helped over the years but a lot of things I learned the hard way. + +My dad doesn’t believe in helping once you’re an adult, which is totally fair but it sucks having a flat tire that you can’t afford to fix so you call your dad sobbing because you don’t know what to do and all he says is “well that sucks”. + +I just got a raise at work which is nice, but I only make 14.28$ an hour now. I’m currently in community college trying to get a degree that will help me get a better paying job, and I make just enough to pay all my bills but have nothing left over. + +With having nothing left over getting a flat, unexpected medical bills, and just unexpected expenses have been destroying me. I’m currently 300$ in debt (actively paying it off) but the interest is eating at me. + +300 isn’t even a lot but that’s just extra income I’m losing. + +I just honestly needed to rant because it’s scary, hard, and embarrassing. + +Growing up in the lifestyle I did I just feel like I learned no real life lessons or skills. All my friends have their parents help and allowances. They don’t get it. + +I didn’t know how to cook cheap meals or buy cheap meals to eat, I’ve had to learn budgeting skills, I’ve had to go without, and this sounds petty but going from nice houses to sharing a bedroom with a roommate because it makes rent cheaper is hard too. + +I’m hoping as time goes on I’ll get better at this, and I’ll graduate from school and find a good paying job. + +I don’t expect to live like I did growing up, I just want stability. +Bachelor of Arts, English Literature honours. Want to get into editing and publishing. 81.75 WAM and HD thesis. Why cant I get anywhere in my field? I have been stuck in retail for the last 4 years and it feels like I need to do further study to get noticed in jobs I actually want to do. I guess y’all weren’t joking when you said arts degrees are useless lol. + + +[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!* +I have a salary that would be nothing to scoff at if I didn't live in one of the most expensive cities in the country and have student loans. I make below market rate for my job and see no future raise coming, so I'm looking for new jobs. + +The issue right now is that ALL of my friends make at least 20% more than I do and most of us are in the same field. I was talking to a close friend the other day who says some of her more junior co-workers make the amount I do and she doesn't understand how they survive on it. She doesn't know how much I make but she went on and on about how it's so crazy that these people only make this amount and she wouldn't know what to do if that was her. It made me feel like shit. + +My boyfriend also makes 30k more than me. That's not a problem in and of itself but we split expenses 50/50 and sometimes he will make comments about "can you afford that?" which are well meaning but painful. I know what I can afford. It's not much. + +I feel worthless. +We hear about how millions have left the work force during the past 2 years and started their own businesses/self-employment, etc. + +But how true is this? Most employees can't just get up and quit, start their own business and make enough income to cover their living expenses. + +So with the shortages in people willing to work - what's everyone doing to make a living?? +\[N\]udescoin is for purveyors of hot and unique content. We seek to build community around three things that everyone loves - + +👉 Lots of \[N\]udes + +👉 Making Money + +👉 Giving Back + +&#x200B; + +**WHY \[N\]UDESCOIN?** + +N\]udesCoin empowers content creators to see more of the money they've earned -and makes interacting with community and tipping seamless. \[N\]udesCoin only partners with independent studios who intend on making sure their workers are always reaping the benefits of their labor. + +\[N\]udesCoin hodlers get intimate interactions with \[N\]udesCoin partners and are able to directly chat with and tip them. + +\[N\]udesCoin is a deflationary and reflective asset. You get to make bucks, while you bust nuts. + +By holding \[N\]udesCoin you gain access to our exclusive Partner Platforms, community Telegram! We even enable you to have more intimate interactions and chats with your favorite \[N\]udesCoin creators! + +&#x200B; + +**Other Features -** + +🔥 Ownership Renounced + +🔥 Liquidity Locked + +🔥 Doxxed Dev + +🔥 Listed on coinhunt + +🔥 2.5k Members active telegram community + +🔥 Dev in voice chat from sunrise to sunset + +**💎** Feeling Risque? Community members can get in on the action too! \[N\]udesCoin is freely distributed by our members through tip.cc **💎** + +&#x200B; + +**🔥TX Fees and Rundown🔥** + +⚡️ There's a transaction fee of 3% + +\[2% back to holders and 1% gets burned forever\] + +⚡️ No mint function or ability to rugpull + +⚡️ Liquidity is LOCKED + +⚡️ Governance Tokens (10%) are locked and vested. + +⚡️ 5% of the tokens are split amongst the team. + +&#x200B; + +**🔥Upcoming Goals:** + +\[N\]udescoin will be the premier social token on BSC where people can learn, earn, and feel that yearnin' burn. + +Providing community sourced content from your favorite entertainers. + +Powering independent platforms and allow workers and community members to earn money directly instead of paying a cut to production companies or \[\]nlyfans. + +⚡️Upcoming \[N\]SFW members only content + +⚡️Tons of partnerships with independent worker owned platforms on the way + +⚡️NFTS with physical art coming in our marketplace + +⚡️CMC and CG listing followed by listings on exchanges + +&#x200B; + +# ✅ Make Bucks, Bust Nuts ✅ + +&#x200B; + +**👨 💬👩 Social Links:** + +💬 Telegram: [https://t.me/joinchat/akYd9xPnAu5jYTQx](https://t.me/joinchat/akYd9xPnAu5jYTQx) (2.5k members community) + +**🎯** Contract: 0xE60ef2b118C35c987CE28d3b69f84378F2b84b4a +I work in legal services and this question has often occurred to me while watching proceedings. Say I hold a substantial portion of my net worth in bitcoin, I lose a civil suit, and the amount I owe in damages exceeds the amount I hold in checking accounts, physical assets, etc. Is there a way I can be forced to turn over my bitcoin? +Pretty straight forward. What are your thoughts on this? + +I can say that in my early 20's I was HORRIBLE with my money, I had nothing. Most of my money went to hotting up my car and being the typical early 20's party douche who lives the 'fake rich' high life chasing girls and partying and going to fancy dinners etc. Looked rich to those who didn't know any better, but in reality I was living in my mums basement lol. (Not literally) + +Now I'm in my late 20's and very well off for my age, but I have noticed something very strange. Before I had never valued money and had spent it at will and always felt rich. But now that I changed all my ways and have quite the savings, I can now slowly feel my butt crack getting tighter by the second and mentally feel poorer. I feel as though anything that eats at your money which will not help you gain more in return is poison, and that I am only interested in finding ways in which will help me earn more. A complete and total 180 mindset shift from my life in my early 20's. + +So the moral of this post is, I have plenty of money now but feel poorer then when I had no money. In saying that, I am definitely happier now then when I was in my early to mid 20's which is whats most important. + +What are your thoughts? I would love to hear if anyone shares a similar experience to what I have described above. + +&#x200B; + +PS: AusFinance sub was my literal life saver. I would like to thank each and every one of you who take moments out of your busy lives to contribute to these forums without any personal gain. Without realising so, you have all contributed to changing the financial lives of many people like myself and the other thousands of both financially uneducated and educated people out there. These forums are the blueprint to success and this is a huge **'THANK YOU'** to each and every one of you! +Schäfer had been living under considerable worry and stress because of the current COVID-19 pandemic. + +"His main concern was whether he could manage to fulfill the huge expectations of the population, especially in terms of financial aid," Bouffier said on Sunday. "For him, there was clearly no way out. He was disappointed and so he had to leave us. That has shocked us, has shocked me." + +Link: https://www.dw.com/en/german-state-finance-minister-thomas-sch%C3%A4fer-found-dead/a-52948976 + The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. + + Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase. The gasoline index rose 6.6 percent in February and accounted for almost a third of the all items monthly increase; other energy component indexes were mixed. The food index rose 1.0 percent as the food at home index rose 1.4 percent; both were the largest monthly increases since April 2020. + + The index for all items less food and energy rose 0.5 percent in February following a 0.6-percent increase the prior month. The shelter index was by far the biggest factor in the increase, with a broad set of indexes also contributing, including those for recreation, household furnishings and operations, motor vehicle insurance, personal care, and airline fares. + + The all items index rose 7.9 percent for the 12 months ending February. The 12-month increase has been steadily rising and is now the largest since the period ending January 1982. The all items less food and energy index rose 6.4 percent, the largest 12-month change since the period ending August 1982. The energy index rose 25.6 percent over the last year, and the food index increased 7.9 percent, the largest 12-month increase since the period ending July 1981. + +[https://www.bls.gov/news.release/cpi.nr0.htm](https://www.bls.gov/news.release/cpi.nr0.htm) +Edit: And yes, this puts to bed FUD about shares still being "in the DTC" when you DRS, when you DRS if you look at the diagram - they are yours babayyyyyyyyyy. + +Hi All, + +Just an FYI, that ComputerShare updated their FAQs this morning based on questions that have been coming in. + +[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +If you could reply to this post with further questions outside of the FAQ they currently list, that'd be great. + +&#x200B; +I want to reflect on my last week of crypto trading and go over something important that most people don't talk about...euphoria. Over the last week I've done 33 crypto futures trades and lost 7 only following proper setups and being patient; totaling roughly 220-300% gains averaging about 8-18% each trades. This is also important to note that you don't need to go for home runs, 10-20%, even singles 1-9% are great. As long as you are consistent your account will grow accordingly. Remember, this is a marathon not a sprint as they say. + +Right now I'm feeling extremely euphoric and like I'm unstoppable. When this happens it's extremely important in my opinion, to take a few days off of trading to clear your head. The same way you may get desperate when you're losing, the same thing can happen on the opposite spectrum. The market will humble you REAL quick if you think you can beat it. + +Things to note as well, while yes its great that I've made a good amount of wins and such, my sleep has suffered the last 2-3 days (crypto is 24/7) so I'm putting a boundary with myself to not trade the next 2-3 days to get my mind as sharp as it can. And as well to reward myself for doing so well and hitting my monthly goal really early. + +I invite ya'll to recognize these patterns that you may have with yourself when you lose or win trades and set up a system that works for you to properly manage your health and create a balance. +With Russia's ongoing invasion of Ukraine, the U.S and EU are imposing financial sanctions on Russia and will essentially attempt to exclude them from the international economy. I think Russia's response to this is pretty obvious and telegraphed, they are going to embrace Bitcoin so that their oligarchs and members of government can continue to transact internationally. Hopefully their citizens are also allowed to use it without too much regulation, but not holding my breath. We've already seen the draft bill of this, and now more than ever they have a justification to accelerate this. I don't know whether it happens in the next three weeks or next six month, but it appears to me that the course is set. Putin has been yearning to invade Ukraine ever since 2014, but the financial sanctions that would ensue were probably enough of a deterrent. Up until now. Putin now has an alternative, and he seems to have gained enough confidence in Bitcoin's decentralized and uncensorable attributes to use it to circumvent the international dollar system. + +The reason for this post is to remind people that if/when Russia does this, you might want to reconsider how open you are in public about being a Bitcoiner. + +If Russia adopts Bitcoin, the legacy media and politicians are going to very quickly shape and pressure public opinion into believing that Bitcoin is to blame for Russia's sudden immunity to financial sanctions. They will call it a dictator's weapon and the reason why their financial warfare tactics are no longer effective. It could even get so bad as to a minority of media claiming that Bitcoiners are colluding with the Russian state. Stuff like "The only reason why you own Bitcoin is to transact with the Russian state" or " Anyone promoting Bitcoin is promoting Russia". (Writing these easy to predict quips makes me feel physically sick). + +I personally have nothing but hatred and disgust for Vladimir Putin. He has shown on countless occasions that he is a psychopathic tyrant who uses force to coerce millions of people in doing things that are beneficial to him and detrimental to them. He is a net negative for humanity. + +However, Bitcoin is a neutral technology that is available to all. To dictators and freedom fighters alike. What each person decides to do with that tool is fully their responsibility and has nothing to do with the tool itself. For example, if it [weren't for Bitcoin, there would not be any political opposition in Russia in the first place](https://www.themoscowtimes.com/2021/02/11/russian-opposition-finds-refuge-in-bitcoin-a72907). Just as Putin can benefit by adopting Bitcoin, he can also be tremendously harmed by it. + +Bitcoin is apolitical. I know that everyone in this sub understands this. But the majority of people do not. And I'm afraid that the topic of Bitcoin is about to get disgustingly politicized. If this is the case (I really hope I'm wrong), then you might want to reconsider how open you are about being a Bitcoiner. + +The decision will be 100% yours. Some will be defiant and brave enough to take on the senseless criticism heads on. Others will prefer to self-censor to avoid the emotionally draining societal pressure. Every person will know for themselves what the best course of action depending on their unique set of circumstances. + +Be mindful that full scale social and political ostracization can be mentally very, very tough. + +All I'm saying is to that it´s probably a good idea to decide ahead of time how you are going to act in case this likely scenario does indeed play out. This way you can minimize any regret. + +And, I can only hope that this amazing community will continue to be a refuge for divergent and politically alienated people. Whatever you decide to do, I feel confident in saying that Bitcoiners will keep on having each other´s back. +So I (a long time ago) originally swapped around **2 billion SHIB** tokens at it early stages, and sold about half my supply during it's ATH, which is by itself a crazy amount of money to make for the miniscule investment I made. + +Even after the phenomenal crash it was still at a much higher price, so I figured YOLO and decided to keep them forever to see where this crazy roller coaster ride is going to take everyone (irrespective of whether it's a **SCAM or not**). + +Fast forward to now, the **ShibaSwap just went live**, and I haven't connected my wallet yet, but there is **no legit way a Swap can offer 52349.29% APR right!?** The discord and reddit channels are filled with people already putting their money in, and I don't have enough Karma to comment or post on them, but hopefully someone from there can see this, and think long and hard before they connect their wallet and transfer their BONE or SHIB. + +**NOTE:** I had to pay and get a subscription to be able to post this (hopefully it's not removed again) + +# Critical Issues / Updates + +* DeFi Safety review gives the swap a **score of just 3%** (the site considers 70%, as a pass) [https://docs.defisafety.com/finished-reviews/shibaswap#scoring-appendix](https://docs.defisafety.com/finished-reviews/shibaswap#scoring-appendix) + +&#x200B; + +* Swap **staking contract may allow migration of deposited funds** 😲 (needs investigation), follow thread for info: [https://twitter.com/valentinmihov/status/1412352490918625280](https://twitter.com/valentinmihov/status/1412352490918625280) + +&#x200B; + +* Devs have transferred owner role to a 6 / 9 multisig to partially address the above concern, follow thread for info: [https://twitter.com/bantg/status/1412370758987354116](https://twitter.com/bantg/status/1412370758987354116) + +&#x200B; + +* The **APR has gone down** (and liquidity has gone up) since the original screen was taken! I've updated the screens added to the post 👍 + +&#x200B; + +* I do plan to use the platform to explore this further after the first week, when the platform data reflects the current week's activity 👍 + +[Screen taken within the first 30m](https://preview.redd.it/0vj8xuam1l971.png?width=2559&format=png&auto=webp&s=88eea7fe0ba2468ae7b7a2accd49b79ebaf8c18f) + +[Screen taken a day after the launch](https://preview.redd.it/4e4tlxvkap971.png?width=2555&format=png&auto=webp&s=77fa8c527083475caf762602d71e6e6f752b23ab) +https://economictimes.indiatimes.com/news/economy/policy/as-slowdown-bites-india-inc-readies-to-tighten-belt/articleshow/70426120.cms + + +> India’s economic slump has companies worried to varying degrees — most have told executives to clamp down on costs and watch spending closely. Recruitment hasn’t been frozen but some have confined themselves to replacement hires. +The title. I'm not big on using social media especially for financial advice, but Twitter has been a place that I've gotten a lot of value out of (right after reddit, of course), especially when it comes to super specific, niche topics by following domain experts and other smart people for the subject in question. + +So, I was wondering if you folks in here follow anyone specifically on Twitter for in-depth and insightful advice on all things finance and markets, that are specifically India-focused. + +I'm looking for stuff that goes way beyond the headlines and brings out nitty-gritties of the financial markets; you know -- push and pull of geopolitics, trade conflicts, early stage technologies/industries that'll boom in the next decade, etc. + +And of course, this isn't just limited to Twitter handles -- would also appreciate any publications (magazines, newsletters and such) that you read for staying ahead of the curve. + +Thanks! +Edit: I have decided, based on the advice here and from other sources, that I will decline this offer. + +I'm going to explain this situation as fully as best as I am able. Also, I don't really understand the concept of shares or if this is a good deal or not. + +I used to work for a company in the US which writes software for tax professionals, across the US, to process tax returns as well as being a certified transmitter for the IRS. + +This company is not publicly traded. + +Last year they got an offer for $5m, which I was aware of at the time as I remember discussing with the CEO how he didn't think it was worth it because at the time their growth was exponential. + +In February of this year there was an issue with a bank they were working with which cost the company over $2m and a large percentage of their client base. This led to a large wave of layoffs and a lose of clientele. The company still exists and is currently reestablishing itself, this offer comes because they believe that in order to regain the growth they had before, they need my abilities. + +As such, they have offered me 4% of the company, at no cost to me, and no salary as they cannot afford me. The CEO was discussing with me yesterday that the shares have no so far produced any kind of dividend but that if he was to sell I would receive 4% of the sale price which, going off of the previous offer of $5m, would be $200k. + +Is this a viable offer or should I turn it down? +Throwaway account for privacy (why isn't this a reddit feature?) + +I'm in my mid 30s, married, one kid (2 yrs old). I live in Silicon Valley. In my 20s I was an early employee at what is now a multibillion dollar tech company. There have been a couple of secondary offerings since then, and I have taken money off the table each time to diversify. 85% of my networth is still tied up in semi-illiquid company stock. There is a secondary offering coming up and my participation is probably going to be uncapped. I'm trying to get prepared, because this should be the one that lets me fatFIRE. + +So far I have: + +1. Formed a trust and put all of our assets in it +2. Read the section 1202 (QSBS) tax code backwards and forwards. I've used up 4M of my 10M exemption. Nearly all my stock is QSBS. +3. Bought umbrella insurance (5M). + +My stock is currently valued at X dollars a share and in the next round I believe it will be valued at 2-3X dollars per share. The last 409a is .5X dollars per share. Knowing that there is a 600% revaluation of my shares imminent, I have been thinking about stashing some of them away for my kid, in some tax advantaged way. I am also interested in refreshing my 10M QSBS cap, possibly with a tax divorce (the cap is per couple per issue and my wife also owns QSBS stock). + +The more I research tax optimization hacks I can do (and could have done earlier), the more I am convinced I need to talk to a professional. Most of the people I have talked to so far are charlatans that know less than I do, so if you can personally recommend someone, that would be amazing. I am looking for a knowledgeable fee-based tax advisor in Silicon Valley who is also \*not\* a wealth manager, if anyone can recommend one, please DM me about what they were able to do for you. + +I am interested in r/fatFire's take on what other steps I should be considering at this time. + +Assets: + +5M equity in primary residence + +1.5M portfolio (70/30 stocks and treasuries) + +30M in private tech stock (at new valuation of pending secondary) + +Our annual burn rate is around 300k/yr, with the largest items being property taxes, travel and (soon) health insurance (on COBRA right now). +I don't understand the hate for selling ITM covered calls. I've seen people say "your shares will get called away" like that's a bad thing. I've even seen people trying to say it's bad because "you could be early assigned due to liquidity" like that doesn't improve your rate of return and give maximum profit at an earlier time. In literally any covered call position, you make maximum profit if the underlying finishes above the strike price, regardless which strike price you set (you make the extrinsic value of the option in all cases). If you sell ITM, you're sacrificing a bit of extrinsic value to reduce downside risk in the position. If you sell OTM, you sacrifice extrinsic value for upside risk (the capital gains of the underlying are not part of the profit from selling the call, which you would have made even if you hadn't sold the call). It all depends on your outlook of the stock and the closer the underlying finishes to your strike, the better you did on the given play. + +Even in a declining market, if you sold covered calls ITM, you could still be making a positive return (You would have crushed SPY in 2018 and 2015 and 2011). Even in 2008 or 2001, if you saw the potential downside risk, you could have made positive returns as long as you sold far enough ITM (though, the returns would be very small as the extrinsic value would be minimal that far ITM). This is not true for selling OTM trying to hold onto your shares. + +The theoretical best possible play on a given underlying, is to figure out where you think the underlying will finish at the expiration date, and sell your call exactly at this strike every time. There is no possible way to earn more on a given play regardless of whether the underlying moves up, down or sideways. Don't marry your stock, at the end of the day it's just another tool for generating income. +So I THOUGHT I was doing okay - debts mostly settled, getting expenses back from work after a long time, have $600 in my savings (I'm moving next year and need a fund) - my car only had to last until February and now the exhaust is broken and will need $500 of repairs. The car is hardly worth that to fix. Don't know what to do. The last time I thought I was doing okay, my old car needed sent to the scrap yard, so I bought this runaround for 6 months - it has lasted 4. + +This is purely a rant because I know I need to fix it but I'm so upset. +We just got some big love and shout outs from BBno$! Dude is an animal advocate and recognises what we’ve all been trying to tell you[.](https://imgur.com/gallery/41BCz26) This coin **is** the one legit charity coin that will change the world 🌎🌍🌏 + +The recognition of this grassroots, animals saving, record breaking, game changing, life saving project has only just started! Everyone can see the commitment the devs have brought and it’s happening now! This is one of your last warning before we leave the galaxy! + +**Check out his post on [facebook](https://www.facebook.com/100044639910135/posts/295143451983650/?d=n) and his [Instagram story](https://imgur.com/a/5jnDXIG)** + +If you’re lucky you’ll **catch him in our Discord or Telegram** + + +**BINGUS IS:** +============== + +**Fully audited** + +**Community controlled** + +**Charity focussed** + +**Low market cap** + +**Comfy hold** + +**Damn good memes** + +**Listing pumps haven’t even begun yet** + +^(Check out my post history for tons more info and click on everything below) + +3% fees, 1% to charity, 1% burned, 1% returned to holders. + +CHARITY DONATIONS AFTER ONLY 11 DAYS: +=================================== + +Donation 1 ($350) [Wright-Way Rescue](https://imgur.com/GjMOBt5) | Donation 2 ($1000) [Forgotten Animals](https://imgur.com/a/Evvmvah) | Donation 3 ($3000) [Reversed Rescue](https://twitter.com/bingustoken/status/1381103970383491072?s=28) | Donation 4 ($2500) [Jersey Animal Rescue](https://www.instagram.com/p/CNlTQO8p1ik/?igshid=c9i35ifw2b0o) | + + +**Links to Everything You Need** +=========================== + +The shiny new website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +Charts are available [here](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +$Bingus on [Telegram](https://t.me/bingustoken2official) +^(complete the captcha in time) + +$Bingus on [Discord](https://discord.com/invite/qKdZdd558F) + +$Bingus on [Instagram](https://www.instagram.com/bingustoken/) 📸 + +$Bingus on [Twitter 🐦](https://twitter.com/bingustoken/) + +$Bingus on Reddit r/abingus for all your art, memes, cat pics! (You might see them featured in a future post) ^(Please credit all original artists.) + +^(The banner art for this post was made by @jackcharlton from our Telegram.) + +**Charity Links** +============== + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) + +**THANK YOU ALL FOR YOUR CONTINUED SUPPORT — WE’VE HELPED SO MANY ANIMALS ALREADY AND WE’RE NOT EVEN TWO WEEKS OLD** +Guten Tag to this global band of Apes! 👋🦍 + +###Happy Q3 Earnings Report Day! +After markets close today, GameStop will release their Q3 Earnings Report. While such reports traditionally do not include announcements of new initiatives, there are many hints that an announcement of the NFT marketplace is due any day now. Many Apes know firsthand how different the GameStop of today is from even one year ago. Stores are frequently packed with shoppers, the online offerings have much more variety, same-day delivery is game-changing, and their customer service is top-notch. GameStop clearly has a healthy retail business, but even more exciting is the other transformations they are engaged in. It can't be cheap though - revolutionizing the industry is going to be costly, and we're likely to see some of that cost included in the earnings report. + +However, the cost of reinventing GameStop is *nothing* compared to the cost of betting against GameStop. The Institutional Shorts are unrecoverably deep in their attempts to drive GameStop into bankruptcy, and now have zero chance of ever making that come true. There is no way out of the position they are in - they can only hope to survive, and even that is a slim chance. The only way the possibly could is if they somehow cause Apes to abandon GameStop entirely. They will do *anything* to make that happen, but their efforts so far have failed spectacularly. + +I expect them to try harder. To short more aggressively. To spread FUD. To manipulate the media. To attack Apes directly. They have seen the effect of our Diamantenhände, and fear us HODLing as they desperately try to exit their position. We are here to stay, we have DRSed over 1 million shares, and we like this stock. Buckle up! + +Today is Wednesday, December 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$176.79 / 157,06 €** *(volume: 1729)* +- 🟩 115 minutes in: $176.79 / 157,06 ��� *(volume: 1705)* +- ⬜ 110 minutes in: $176.51 / 156,81 € *(volume: 1601)* +- 🟩 105 minutes in: $176.51 / 156,81 € *(volume: 1594)* +- 🟥 100 minutes in: $176.42 / 156,74 € *(volume: 1585)* +- 🟥 95 minutes in: $176.44 / 156,75 € *(volume: 1542)* +- 🟩 90 minutes in: $176.78 / 157,05 € *(volume: 1535)* +- 🟩 85 minutes in: $176.71 / 156,99 € *(volume: 1535)* +- ⬜ 80 minutes in: $176.63 / 156,93 € *(volume: 1534)* +- 🟩 75 minutes in: $176.63 / 156,93 € *(volume: 1502)* +- ⬜ 70 minutes in: $176.51 / 156,81 € *(volume: 1501)* +- 🟩 65 minutes in: $176.51 / 156,81 € *(volume: 1498)* +- ⬜ 60 minutes in: $176.49 / 156,80 € *(volume: 1391)* +- ⬜ 55 minutes in: $176.49 / 156,80 € *(volume: 1356)* +- ⬜ 50 minutes in: $176.49 / 156,80 € *(volume: 1309)* +- 🟥 45 minutes in: $176.49 / 156,80 € *(volume: 1309)* +- 🟩 40 minutes in: $177.16 / 157,39 € *(volume: 1106)* +- 🟥 35 minutes in: $176.78 / 157,05 € *(volume: 1086)* +- 🟥 30 minutes in: $178.37 / 158,46 € *(volume: 774)* +- 🟥 25 minutes in: $178.41 / 158,50 € *(volume: 710)* +- 🟥 20 minutes in: $178.49 / 158,58 € *(volume: 710)* +- 🟩 15 minutes in: $179.00 / 159,03 € *(volume: 202)* +- 🟥 10 minutes in: $178.46 / 158,55 € *(volume: 86)* +- ⬜ 5 minutes in: $178.58 / 158,65 € *(volume: 38)* +- 🟩 0 minutes in: $178.58 / 158,65 € *(volume: 27)* +- 🟩 US close price: $177.81 / 157,97 € *($179.22 / 159,22 € 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 1.1256. 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! +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!!!!!!!! +What types of entry-ish level positions exist in the finance world that would give me exposure to learning how to better value invest? If that makes sense... + +A little background.. I’m a retired Army vet, got into value investing while overseas killing time with Graham and Buffett and the usual suspects. I’m not interested in anything stressful like day trading or technical analysis, deadlines, company quotas, etc. + +But given the blessing of my military pension and not unsubstantial disability, salary or upward mobility isn’t my primary focus. I guess I’m hoping to figure out where to start my search in trying to become involved somehow in the financial world, and more towards the qualitative deep dives +I am self-taught with DCFs, so forgive me if this question isn't a good one or doesn't make sense. + +If I'm modeling a growth company using a five year projection period (ten-year is too unpredictable), do I need a terminal year with a perpetuity growth rate, or can my final year of projections use a growth rate of 20% and an EV/EBITDA exit multiple? +Hello community, + +I am sure most of you know Joel Greenblatt’s Magic Formula strategy? It’s a great concept and has delivered exceptional returns in the past – 23% annually (1988-2005). Personally, I think it is a great screening tool to generate investment ideas! + +Well, I recently came across an interesting chart provided by the AAII that showed the performance of the magic formula ever since Greenblatt’s book “The Little Book That beats The market” was published. I was quite surprised by the recent performance of the Magic Formula strategy – a drop from 23% annually (1988-2005) to 6% (2005-2019) is quite significant! + +[https://www.aaii.com/stockideas/performance](https://www.aaii.com/stockideas/performance)? + +What do you think caused this drop? I recently did a video on this subject but I’d love to know if you can come up with any other explanations? + + +https://www.youtube.com/watch?v=0-5G-Bmjklg&feature=youtu.be + +&#x200B; + +Best regards +René +I know there are a lot of large foreign companies that I can buy, but how can I buy those smaller cap companies that aren't available through my brokerage? +With cremation growing in popularity and demand, it appears this sector within the funeral industry could be a great value play. I know SCI, MATW, HI, and CSV are major funeral service players, but does anyone know the best stock play for crematory services? +Sava is a pharmaceutical Company with a single relevant drug candidate. Simufilam. For the treatment of Alzheimers. + +As of today, there are no treatments that do more than slow the progression of Alzheimers. + +Early indications are the Simfilam will change that. 1 year into an open label, phase 2 study, patients have had an average increase in of 3.2 points in cognitive testing relative to a 5.5 decline in the placebo Group. Accounting for roughly a 20% improvement on standard indicators. + +In addition Alzheimers is often associated with psychiatric disorders, at baseline 66% of patients had sypmtomatic disorders, after 12 months of treatment less than 50% had symptomatic disorders. + +In addition, the phase 2 study showed no serious drug-related adverse events through the 12 months interim anaylsis. + + +To sum up, there are no Drugs that can even stop the cognitive decline of Alzheimers patients. 68 percent of patients improved while taking the drug. + +If similar results hold up in a phase 3 study, then there will only be one drug candidate for the majority of Alzheimers patients across the entire globe. Simufilam + +Phase 3, double blind, placebo testing will begin sometime in Q4. + +In the US alone, the yearly market for Alzheimers drugs that do not stop cognitive decline was over 7 billion in 2019 and is expected to reach over 13 billion by 2027. + +If you factor in the associated costs of caring for late stage alzheimers patients, the value of a drug the reverses the effects of Alzheimers is almost immesurable. + +The current market cap at yesturday’s closing price was 2.09 billion. + + +Why the market is irrational: The price has been all over the place while it would appear the fundamentals have only improved. + +The price was up over 140 dollars a share right before the 9 months interim results were announced, the results were as good as you could hope for. A continued cognitive improvement for study participants and no serious adverse effects. + +But in the sell the news philosophy of the current market, the stock dropped to 110. + +Then a short seller filed a petition to the FDA and claimed essentially that Sava had manipulated their results and that the data should not be trusted. + +Despite Sava offering a scientifically sound rebutal to the argument, while admiting that an outlier in the placebo group should have been included, +the stock still dropped to a low of 39, before slowly rebounding to 53. + +Yesturday Sava released it’s interm 12 months open label study results. They were independently verified by two separate and independent biostatisticians, in an effort to squash reports of data manipulation. And with all relevant particpants included Simufilam still showed a significant cognitive improvement in the majority of it’s patients. + +Despite the most recent study once again being about as positive as such a study can be, and that the data was more riguroulsly analyzed to counter claims of manipulation, the stock still dropped. + +While there is clearly short term market manipulation at play in the drops, the long term story of Sava has only improved since it’s recent high of 140. + + +While I cannot make a claim to know exactly what Simufilam will be worth as a succussful drug candidate, I can be certain that the company is currently undervalued, given the available market and lack of competition in one of the largest drug markets world wide. + + + +Risks associated with Sava: + +1. The biggest risk: Their current value is based solely on a single drug candidate that has only completed 1 year of a phase 2 study. Many other drug candidates have in different fields have had very promising results after phase 2 and failed to show the same results in a phase 3 study. + +2. While I am fairly certain the charges of manipulation are simply powered by a short seller making a money grab, without having inside knowledge it is only an educated guess. + +3. I’m an idiot, so don’t take anything I say as investment advice. +I was reading about the inflation period around this time and wanted to share a couple insights... + +1. On a top level stocks had negative real returns. This was because multiples crashed; although, earnings grew at 8% and dividend held their own, inflation was 7.8% on average over the period. Stocks yielded 5.6% on average over this period. + +It's important in these times to remember the advice to hold good businesses that can raise prices without losing lots of customers. + +2. P/E multiples on the S&P were cut by almost two-thirds. + +Shiller P/E was about 22 and fell to about 7 over this time period. + +(Shiller P/E is roughly 29 as of today. It's peak was recently at almost 37 in January) + +Keep in mind while valuing business that your average producing company had an average P/E of 7 in a long inflationary period. + +I don't think today's time is the same as then, but it could be and accounting for that risk and knowing what is cheap and what isn't is in our best interest. + +I'm not telling you to sell anything, but if you are allocating new capital or cash this should give you a metric to keep in mind. + +Data is from: A Random Walk Down Wall Street +Anyone have any thoughts on $LUMN? I've been keeping half an eye on it since I saw it in Burry's 13-F, noticed it dumping this morning after it triggered a couple alerts I had set months ago. Looks like their revenue was disappointing last Q, and they sold of $7.5B worth of their cable markets. At first glance this 9% drop seems like an overreaction. It looks like they mostly just sold off outdated copper infrastructure to focus more on higher growth components of the business. Only concern I would have is that they might decrease the dividend, but as it stands now they're paying out 8%. Also announced a $1B buyback to take place over next two years. + +Also, dumb question, but I'm hoping someone with a better understanding of these transactions can confirm. If Lumen just sold $7.5B worth of their operations to Apollo, and they also sold their Latin American assets for $2.7B, does that mean they have $10B extra cash on the balance sheet? If so, seems like buying a cash-flow positive company with $10B+ cash at a $12.75B valuation is a nice deal, even if the dividend is cut down the road. +So much about FI/RE seems to be about creating a better future for ourselves & our families, anticipating issues that could come up years down the road, and taking action today to make those issues minor bumps in the road if/when they actually come to pass. + +What specifically, if anything, scares you the most about your post FI/RE life? How are you planning for it today? + +For me, it's medical issues. I'm currently single & self-employed, so I'm settling for meh insurance on the exchange, but it doesn't feel like a sustainable solution. I exercise \~5 days per week and eat well, but I know it's just a matter of time until my body starts to fall apart, and I'm hoping to find a spouse with employer-provided health insurance before then, but that's kind of a crap shoot, and that scares the hell out of me. You? +What would happen if these two stocks tumble down? Should investors be worried about this? + +&#x200B; + +EDIT: Here is source for anyone doubting:[https://www.niftyindices.com/Factsheet/ind\_nifty50.pdf](https://www.niftyindices.com/Factsheet/ind_nifty50.pdf) + +EDIT 2: Forgot to mention that if you add up the top 10 stocks of Nifty 50 the total weightage comes out to be 60%. So Nifty 50 should be called Nifty 10 as the rest 40 stocks have very low weightage in comparison. +The intelligent investor never stops reading. This is a thread to share articles, books, research papers, newspaper reports, television clips, podcasts, interviews or anything of interest that you are catching on over the weekend. + +Are you a starter in investing? Then, here is a list of recommended books: + +* Stocks for the Long Run, Jeremy Siegel +* Learn to Earn: A Beginner's Guide to the Basics of Investing and Business, Peter Lynch +* One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, Peter Lynch +* The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments, Pat Dorsey +* A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing, Burton G. Malkiel +Soooo tl;dr my ex left me and our shared apartment and I'm finding myself paying for a 1 bedroom (so no roomies) that's more than 1/2 my monthly salary. + +I can't really move because 1. brokers' fees will null the cost 2. My ex was thrifty and this is actually a very affordable place in a good area with free parking. + +I have so much credit card debt ($18k) and my car is way out of my means despite not even being fancy ($250 a month for the payment, $215 in insurance.) + +After all my bills I have $440 a month. That's $340 for my gym (only $65 but totally necessary), gas (my car is pretty efficient, luckily), therapy bills, cat care, groceries, whatever isn't keeping lights on and roof over my head. + +I had a tag sale and got $312 and just threw it at the credit card debt without thinking and i'm still getting finance charges. What's the point?? Will I ever be free? + +Anyway, I can't make this month's rent. So I had to call my (fairly wealthy) parents and tell them the whole story- trying not to cry while describing the romantic failure while begging for $1000. I'm so lucky that they will help me but it's just so... humiliating. I'm 30! I have a decent job! What the fuck happened? + +EDIT\* I am looking into trading my car for something more practical NOW + +EDIT\* I am also taking an online course that will reduce my insurance by 10% + +EDIT\* I am looking into debt consolidation + +EDIT\* I can't go off my meds but my $250 appointments will soon be $60 appointments (and I will pay a lot less on prescription drugs which I didn't even mention) + +EDIT\* I don't spend $80/week on my cats... their cost is pretty fixed and I would be shaving off a few dollars by switching their food... I'm focusing on the big stuff \^\^\^ +According to the SEC, if anyone receives yield on any asset, that asset suddenly becomes a security! + +So millions of people owning apartments for rental income makes all of them operators of unregistered security schemes. It satisfies the Howey rule - the apartment owner receives rent based on the work of the tenant. The owner of the apartment themselves don't do any work to generate the rent, they just bought the apartment and put it out for rent. The tenant pays the rent. + +When the owner buys the apartment and rents it out, he does so with an expectation of profit based on the work of others. + +That makes it a clear security, according to the smooth brains over at the SEC! + +BOOM, just like that Gary Gensler became the owner of every single apartment thats put up for rent across USA. Its game over, everyone. + +If you own a rented out apartment, you must immediately contact your local SEC field office to "come in and talk". + +PS: Obviously, for those who dont pay attention to regulatory news, this is about Gensler/SEC claiming any token that has yield could potentially be a security.. + + +EEdit 2: One of the misconceptions comes from misunderstanding how staking technically works, and confusing that with lending activity like Celsius/Blokcfi. When you "stake" into a network, you dont give anyone control or rights over your coins, you dont form an investment contract. When you deposit coins on a centralised entity like Celsius, that is not staking no matter what Celsius or others may call that. That is just lending - you give them control of your assets, they generate returns for you (or in Celsius' case - losses). + +When you stake into a network, you actually run nodes, risk your assets for various lockup times, slashing penalties etc. There is no common enterprise - you are doing the work yourself by running validator nodes and producing blocks. There is an expectation of profit but not from the works of others. You are staking into a decentralized network, securing it and getting rewarded for your own activity. + +For a legal analysis of this, see: https://www.coincenter.org/does-the-merge-change-how-ethereum-is-regulated-no/ +Are you listening yet? CreamPYE is backed by a multimillionaire team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They are providing a real-use case application which is a variety of platforms that are easily integrated and user friendly. Imagine the Apple of crypto. They will absolutely become a top 10 token and have the firepower in house to make it happen. They are using their platform not only to change the crypto industry forever, but also emphasize a cornerstone belief in charitable contributions. Only 1 month into its existence, Creampye has already donated nearly $390k to charitable organizations, proof posted on YouTube. This team, community, and technology is becoming the front runner for the crypto world over the next few years. They are not just here to take part, they are here to take over. + + +Overview: + • The entire team of 15+ members showed faces and listed business address publicly. + • Actual use case CEX/DEX hybrid exchange which will focus highly on customer service and experience (much needed before the masses can adopt in to new crypto). Augmented reality, NFT marketplace, PYE Charts. $390k charity donations already made. Very extensive roadmap. + • Officially listed on ProBit and WhiteBit. Huge marketing push on their platforms coming next, including a PYE trading competition. + • Team has over 15+ years of experience building businesses. Creampye team has done marketing campaigns over $100m USD in past projects + • Relatively small Marketcap (10m). + • You are early - Project is 30 days old and growing exponentially. <1,700 reddit members. <19,000 holders. Might be your last chance to be “early” + • Tokenomics pay out 5% Passive income for holders! 4.9% put into liquidity. 0.1% into a charity wallet. + • The team has built a variety of very successful businesses already. These are not kids in their parents’ basement. They are legitimate business moguls running a full-on operation. + • Hacken audit has been passed (received a score of 100%) and the whitepaper has been published. + + +Who Runs Creampye? If you hang around this world of crypto long enough, unfortunately you may run into some teams that you cannot trust. I invite you to look at the pinned tweet on Creampye’s Twitter (@creampyetoken). The entire team of 15+ members has shown faces, they each have a mini biography on the website, and there is a business address listed publicly. See for yourself. + +What Is Creampye? Creampye (Pye) is a new token focused on creating new technology in the world of crypto and simplifying the process for mass adoption. They are working on a new exchange, Pyeswap, that will become the industry standard for purchasing crypto. This exchange will make crypto far easier to buy than it ever has before. Not only that, much of the focus will be on a simplified, friendly user experience that makes it easy for any average Joe to purchase crypto. This is desperately needed before the masses can enter the market. It is almost impossible to teach a newcomer to the world of crypto the multi step process of acquiring BNB, using pancakeswap, and storing tokens in a wallet. PYE is going to change this by making it easier to purchase all crypto currencies and we will be focusing on customer service and experience. They are also launching PYEcharts in a few weeks, an NFT marketplace, and have just passed a completed audit with flying colors (Audit done by Hacken). + +Charity CreamPYE was created in order to make a difference. The token has included that 0.1% of all transactions are sent to a charity wallet. The team has made due on this already by donating not one, not two, but three donations totaling $390k only one month into its existence! The team behind CreamPYE has been involved with numerous charities from business ventures in the past. They have donated millions of dollars to various charities and it is a core component of the team values. Here at Creampye, we are proving that the world of crypto can make a positive impact on the world through our charity donations. + +The Entry Point. You are early. PYE’s goal is to become a top 10 token. We have the community, the experience, and the tech to back that goal. We were consolidating for the past few weeks and I have been posting about how it may have been the last time we saw those prices. We all believe in the project being the future of crypto. When we achieve our goal of becoming a top 10 token, that is over a 1000x gain from here. The holders, the community, and the exposure are growing exponentially. We have had YouTube posts and mentions from some of the biggest names in the game, including Torin Hoffman, Conor Kenny, and Alexandrus 1337. Just last week PYE was mentioned on the Pardon My Take podcast, which pulls in 1.5 million daily listeners. The CEO is good friends with business mogul Gary Vee (video of them hanging out posted in telegram), and former Miami Heat player Damian Jones recently retweeted Creampye. These are many exciting developments in the early days of PYE. +In conclusion I have only given a brief overview here, but I invite you to do more research yourself. We are blazing our own trail in the world of crypto that will give investors access to an entirely new, user friendly ecosystem of programs. + +Many will try to replicate what we are creating for decades to come. Creampye is a results oriented, relentless, and highly experienced team. The last piece of the puzzle is more eyes on the project. You can see that we are listed on CoinMarketCap, CoinGecko, ProBit, and WhiteBit. Soft dates have been given for more exchange listings, and big news is happening every single day. Do your own research and if you decide to join the Pye fam, buckle up, its going to be a crazy ride! + +Where to buy? + +-Ticker is PYE + +-Website: https://www.creampye.com + +-Telegram Group: https://t.me/creampyetoken + +-Twitter: https://twitter.com/creampyetoken + +-Reddit: https://www.reddit.com/r/CreamPYE/ + +-Discord: https://discord.gg/Vs28Z3VTcY +One of my new year resolution is to complete our estate planning. I told my spouse that if we didn’t get our act together, our parents (who are awful in financial management) will be handling this for our kiddo. All years of sacrifice and working will go to their control instead of the future of our kiddo. That gets us moving. + +Having said this, I am stuck in a couple of points: + +1. Distribution for the kiddo. +One of the option is all for age 25 or half for age 25 and then 30. What could have gone wrong here by giving a lot of money to a 25 year old? We choose all for age 25 because the estate executioner we selected will be fairly old by then and we shouldn’t burden them. + +2. Power of attorney for financial and medical. Honestly, it’s hard to find someone we trust. Do you skip this or just randomly name a friend or family member? + +I suppose we should just do it and revise later. This will make me sleep better at night. +Guten Morgen to this global band of Apes! 👋🦍 + +A wise man once said, 'Never overestimate an Ape who underestimates itself', or something like that. Well, Apes, I believe we have been vastly underestimated. This time last year, GameStop was on the cusp of the upward breakout that ultimately led to The January Sneeze, and from that moment on I believe the SHFs have underestimated us at every turn. They never thought we'd HODL through $40 when so many bought in above $300. They never thought that we'd be able to pierce the veil of their short positions, knowing that they are hopelessly short on a stock that is stronger than ever. They underestimated the retail revolution that and digital transformation of GameStop, and they certainly underestimated the Apes around the world pulling together to lock the float in our own names via DRS. + +Through the power of our Diamantenhände, we will show them how badly they underestimated us. + +Today is Tuesday, January 4th, 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: **$153.86 / 135,50 €** *(volume: 384)* +- 🟩 115 minutes in: $153.80 / 135,45 € *(volume: 309)* +- 🟩 110 minutes in: $153.60 / 135,27 € *(volume: 302)* +- 🟥 105 minutes in: $153.51 / 135,19 € *(volume: 300)* +- 🟥 100 minutes in: $153.86 / 135,50 € *(volume: 290)* +- 🟥 95 minutes in: $154.23 / 135,82 € *(volume: 277)* +- 🟩 90 minutes in: $154.26 / 135,85 € *(volume: 269)* +- ⬜ 85 minutes in: $154.19 / 135,79 € *(volume: 251)* +- 🟥 80 minutes in: $154.19 / 135,79 € *(volume: 251)* +- 🟩 75 minutes in: $154.20 / 135,80 € *(volume: 221)* +- 🟩 70 minutes in: $154.19 / 135,79 € *(volume: 218)* +- 🟩 65 minutes in: $154.17 / 135,78 € *(volume: 209)* +- 🟩 60 minutes in: $153.97 / 135,60 € *(volume: 136)* +- 🟥 55 minutes in: $153.96 / 135,59 € *(volume: 129)* +- 🟩 50 minutes in: $153.99 / 135,61 € *(volume: 89)* +- 🟩 45 minutes in: $153.96 / 135,59 € *(volume: 86)* +- ⬜ 40 minutes in: $153.95 / 135,57 € *(volume: 26)* +- 🟩 35 minutes in: $153.95 / 135,57 € *(volume: 26)* +- 🟩 30 minutes in: $153.92 / 135,55 € *(volume: 23)* +- 🟥 25 minutes in: $153.78 / 135,43 € *(volume: 23)* +- 🟥 20 minutes in: $153.79 / 135,44 € *(volume: 23)* +- 🟩 15 minutes in: $153.85 / 135,49 € *(volume: 23)* +- 🟥 10 minutes in: $153.79 / 135,44 € *(volume: 18)* +- 🟥 5 minutes in: $153.83 / 135,47 € *(volume: 18)* +- 🟩 0 minutes in: $153.89 / 135,53 € *(volume: 17)* +- 🟩 US close price: $152.84 / 134,60 € *($153.00 / 134,74 € 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 1.1355. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi there + +I've recently started studying option selling (Covered Calls, Cash Secured Put Options, Iron Condors, Butterfly etc) and am wondering is it actually possible to make good money off selling options or is it just a way to lose money. + +I love this page studying all the advice that's posted. I'm just wondering are many of ye making money selling options? + +I currently have a longterm portfolios that has grown to about 30k at the moment (in degiro and etoro). I was thinking of just leaving those portfolios alone and let them grow for the moment and starting off a option portfolio where I would start selling options using the strategies stated above. + +The question is would it be worth my time going down that route of creating an option portfolio or would I just be better to keep adding into my long term portfolios? + +Would appreciate any advice. Thanks +**The Basics of Ethereum (ETH)** + +Ethereum’s purpose is to be a decentralized monetary system. It is one of the most versatile cryptocurrencies with many forms of utility, including: smart contracts, defi, and dapps. I will try to explain these things in the most simple way possible. This will be based on Ethereum after its two biggest updates are released in the next 1-2 years. (EIP 1559 and ETH 2.0) Ethereum also goes by ETH and ether. + +**Decentralized Apps (dapps)** + +One of Ethereum’s biggest use cases is that it can have tokens built on top of it that can perform a variety of functions and tasks. Some of them can be used to borrow and get loans using cryptocurrency, and some can be used to buy/sell stocks on the blockchain. This is known as decentralized finance (defi). Another use for dapps is decentralized exchanges like Uniswap and 1inch token. These can be used to trade ethereum tokens without a middleman, completely decentralized. These trades require ETH (Ethereum) in order to be finalized. These ETH fees are also known as “gas”. + +**Staking** + +With a future update known as ETH 2.0, Ethereum will be moving from mining to staking. Not only does this require far less energy, but it will also allow people to earn interest on their ETH. You use your ETH to help secure the network, and in return you receive the reward of interest on your coins. This interest level will likely be between 5-10%, and will scale up if the price of ETH goes up over time. If you stake 1 ETH, and the interest rate is 10%, you will earn 0.1 ETH no matter what, even if the price were to double. (This interest on your ETH comes from the transaction fees that happen every time someone sends ETH to another address.) + +**Smart Contracts** + +Smart contracts are probably the most complicated for some people to understand. But it’s basically telling the ETH network that you want it to perform a task if a certain outcome happens. Here’s an example. Let’s say you are going to bet your friend that a certain coin will double in price by the end of the year. You both lock your ETH up in the network, and all of it is given to the person who was correct. Basically a decentralized middleman. + +**EIP 1559** + +EIP 1559 is a very important ETH update that is expected to roll out within the next few months. Every time someone sends ETH, there is a network fee. Some of this fee will go to the stakers who earn interest on their ETH to secure the network. EIP 1559 will make it so a part of this fee is completely burned, and will never exist. This will drastically lower the ETH’s inflation rate from about 4.5% to around 0.5-1%. Equivalent to multiple bitcoin halvings. + +**Gas** + +Ethereum has transaction fees known as "gas", this is used to do almost everything on the network. Any time you send ETH, use smart contracts, or use a decentralized app; you will be required to pay some of your ETH. While the fee is considered high by some, it is necessary for the network to remain highly secure. (There are many solutions that will likely lower this transaction fee in the future. It is currently about $20, but is expected to be drastically reduced at some point with ETH 2.0 and EIP 1559. ) This transaction fee or "gas" is used to pay the stakers that secure the network, and will be partially burned with EIP 1559. +So, I'm sure that there are plenty of newbies in this sub such as me. I feel that it would be beneficial for us all to share our worst dividend plays. In my limited time I can see that SDIV is my worst dividend play with an average cost of about $11.20 I just feel like it is on a continuous spiral downward and I chased it because the dividend was over 10%! So surely this had to be the holy grail. Now being a pinch more seasoned in dividends investments made me realize now that dividend return is not the only part of the equation and hopefully me sharing this will help another newbie not strictly chase a high dividend but a stable investment overall +So, I'm sure that there are plenty of newbies in this sub such as me. I feel that it would be beneficial for us all to share our worst dividend plays. In my limited time I can see that SDIV is my worst dividend play with an average cost of about $11.20 I just feel like it is on a continuous spiral downward and I chased it because the dividend was over 10%! So surely this had to be the holy grail. Now being a pinch more seasoned in dividends investments made me realize now that dividend return is not the only part of the equation and hopefully me sharing this will help another newbie not strictly chase a high dividend but a stable investment overall +After playing 9 seasons in the NFL, running back Marshawn Lynch just announced his retirement from professional football. At the young age of 29, he has not spent any of his career earnings, instead living off his endorsement deals. He is also known for being a resource for teammates when it came to finances - teaching rookies how to take advantage of their 401k. Peace out boss. + +http://www.complex.com/sports/2016/02/marshawn-lynch-has-not-any-fifty-million-dollars-nfl-paychecks +Nikola announced this morning that it has partnered with the sun to make it hydrogen powered by the year 2040. Reports say that after this partnership was formed, Trevor Milton found out seconds later that the sun was already hydrogen powered and immediately filed a lawsuit with the sun for infringing on his design patent. +I’ve been watching the markets go wild and decided to wait it out instead of over investing during the last couple of years. Now that the BoC is starting to raise its rates - I was wondering if anybody had advice on what could be a good course of action for the future. + +I’m sitting mostly on fiat and with inflation, it’s burning the tip of my fingers. Now, I know this ain’t necessarily the best place to ask for financial advice but I’m mostly trying to understand what this means for the markets. + +As I understand, the bank raising its rates is generally followed by a market correction - correct? Should we expect stock prices to go down in the next years? +What are your information sources when you guys are looking for an investment opportunity. I see tons of websites reporting daily on global economy and what's happening in different countries but unfortunately not all of the info is reliable. Most of the times it's just hyped up for increased viewership. +I'm trying to find reliable sources, be it a journel, or a news agency, or a Twitter account. + +Thanks +Hi beautiful apettes and apes, + +I'm u/derhyperschlaue and in the last days you have already heard a lot from us, I hope we are not annoying :) + +In the last few days we optimized the website and added a new subpage, which you can take a closer look at if you want. This page is about digital advertising campaigns. + +While the preparation of this campaign is going on, we would like to use the power of the community and mainly deal with physical advertising media. + +There are already some great examples of implemented advertising campaigns: + +&#x200B; + +[ Billboards by u\/TheTangoFox](https://preview.redd.it/tu5dsrr7bm291.jpg?width=960&format=pjpg&auto=webp&s=083223de8893c00165a35720c8e3c7a712dab979) + +[Infographics by u\/BornLuckiest](https://preview.redd.it/ny3itx7bbm291.jpg?width=960&format=pjpg&auto=webp&s=bc4fb0dcb89fbbf7e5cd901a7daa94cd9dccfcdd) + +[TikTok videos by u\/Life\_is\_good22 ](https://reddit.com/link/v10rd7/video/zqtihmaibm291/player) + +![img](tdd08lhnbm291 "QR-Code stickers by +u/Proof-Carob-2255 ") + +[Self made flag by u\/hisholynoodle ](https://preview.redd.it/kdoiui2rbm291.jpg?width=640&format=pjpg&auto=webp&s=6687fe995ce38bf833e4bb53546f9b9bb7d59daf) + +# THANK YOU SO MUCH FOR HELPING OUR WEBSITE + +Yesterday, my partner u/millertime1216 shown his brand new yard sign and business cards, I designed for him + +[Yard sign](https://preview.redd.it/d9kn8ng1cm291.jpg?width=640&format=pjpg&auto=webp&s=6a0da91ca51faef8c8cabbd4c9dd5875d1229c3e) + +[Business cards](https://preview.redd.it/miuzekl2cm291.jpg?width=640&format=pjpg&auto=webp&s=9757bb2549a04053de546ed1636ba0b4997ce59c) + +# Now we want to know, what other ideas you have? + +Please comment your ideas and I am very happy to help you creating a design for you or offering material so that you (if you want) can produce/create advertising material on your own! + +As we cannot ask for money or donations in this sub, so your creativity would really help the [WWW.DRSGME.ORG](https://WWW.DRSGME.ORG) project (and trust me, posts will get you a lot of Karma ;)) + +# 🚀 + +Edit: Sorry if I forgot an ape! +Knowing that while this isn't the best possible financial choice, it is the best one I *can* make... what do I need to know when looking at places? I'm very concerned about buying poorly made apartments that will make me homeless when they don't pass a building inspection. + +(Disclosure: I know everyone's gonna be like 'don't buy apartments, muh equity' but at the end of the day, if I want to buy a house with a max budget of $450k I'm gonna be too far from the city. I'm okay with making that sacrifice for lifestyle choice. It''ll also be at least eight years before I'm making above a hundred grand. Even if an apartment isn't a super high-growth asset, I'm at least putting money into an asset rather than rent.) +# Yeah, that experiment didn't turn out great. + +# Apparently some people are using the title 'knight of new' to bully apes in 'new' which is the EXACT OPPOSITE of what 'knights of new' should stand for. + +It doesn't matter if it's just agents provocateurs that rally under our banner, or even if it's shit stirrers that pretend like they've been attacked. Because the result is the same: + +Division. + +They are desperately looking for something, anything to use against us because we're nearing liftoff. Yes, this was a good thing, but if there is even the slightest chance that it could be used against us, I'd rather have my flair removed. + +I can sort by new without a flair. + +Mods, perhaps now is a good time to put an end to this - perhaps remove the custom flairs? + +I am happy to support you in any way possible! + +&#x200B; + +Edit: Thanks for the kind words, but I really don't feel bad about it. +I'm flying to the moon, surrounded by hundred thousands of people who I trust and some I even call friends. I'm gonna be rich af in no time. + +So I don't mind if a silly joke kinda backfired 🤷 + +&#x200B; +North Carolina. + +Put in my notice last Friday. About an hour later I was informed that two weeks notice would not be necessary and that my resignation would take effect immediately. + +Am I eligible for unemployment? My new job does not start until the 13th. + +I collected my last check today and it did not include this week or next or the PTO I had available despite my inquiries. +recently got interested in the stock market. I started looking in YouTube videos of intraday trade using technical analysis. Since these videos weren't structured I ended up buying this book "Technical Analysis of the Financial Markets". I got the impression that the examples that were given in the book were only those examples where the "rules" actually worked. Even though the book mostly talks about long term trading, I started watching price movements everyday at the market open. Trying to implement some of the rules I read about to real Markets. The trendlines seem to fit pretty well to the past prices, but when it came to predicting stock prices I had no idea what I was doing . Eventually I started to feel predicting stock prices just by reading charts seemed like a long strech . But people do make money using technical analysis. What are your thoughts on this? +[Foreign investors pour into India stocks despite sinking economy - Times of India](https://timesofindia.indiatimes.com/business/india-business/foreign-investors-pour-into-india-stocks-despite-sinking-economy/articleshow/77950252.cms?from=mdr) + +Just read this article. I remember back when the lockdown started, investors pulled money out of Indian markets. Are these investments just the same money coming back or is this more than that and investors actually see potential in the Indian market? +First of all. There is only 1 Keith who has EARNED the respect and trust of apes in this entire Saga. No disrespect to this new guy and I don't think he has any bad intentions BUT regardless of his intentions, this is going to cause people to day trade. Which could possibly fuck people over and lessen the floor from 60Mil to 59.9Mil and I'm fucking greedy. That 0.1Mil is MINE. It will NOT be going to Ken n friends. + +Ask yourself this before you act on anything this new guy has said: +1. What credibility does he have? +2. What if he's simply wrong? +3. What if the Algorithm they use change? +4. Who benefits the most IF we day trade? +5. WHAT HURTS THE SQUEEZE THE MOST? (A big fucking hint: It rhymes with CELL) + +Also, I have seen a good 3 hours of the video and it's interesting, however he was predicting prices with a 0.1 spread in Movie stock. This man is predicting a price difference of 0.2% and quite frankly, even if you do day trade this shit, you'll make jack shit and you risk the biggest move of your life to do so? There's no way to justify this stupid fucking behaviour EVEN though I'm smooth brained af. + +1 last thing to note: in the 3 hours that I watched of the video, I don't recall hearing GME. Why is the video so focused ONLY on movie stock? I'm not saying this is orchestrated by a shill but it's FUCKING ORCHESTRATED BY A SHILL! + +There's only ever been 1 correct play. BUY N HODL + +Edit: Buy, Hodl & Shop @ gamestop +Hi everyone, + +####**Edit: I've now put up more info and details on my website here: [compiledsanity.github.io](https://compiledsanity.github.io)** + +Yesterday I posted a Networth tracker that really took off. Didn't expect that! At the time it was Australian based, so I've just converted it over to be UK based for you all. Apologies for the second repost, I thought I'd post again so people wouldn't miss it. Enjoy! + +**[Link to updated UK Version here.](https://docs.google.com/spreadsheets/d/1v9ENzdoSIVlfAA2SFVFz6KKVAAu5Knv8klde7bN2Qqo/edit?usp=sharing)** + +----- +Hey everyone, + +I'm a big believer in community resources and a massive Google Sheets fan, so after a year of work and using it on my own finances I'm releasing my automated Google Sheet to track your entire Networth and Financial situation live and month to month. + +I religiously devour Personal Finance content from all manner of places, and I tried to build all the lessons and rules I've learned into the sheet. I've been using it for around a year now and posted it in a few smaller finance subs where it's been well received by a number of people. + +**Some of the features of the Sheet:** + +- Captures all parts of your financial position (Cash, Stocks, ETF’s, Dividends, Super etc.) + +- Live ETF/Dividend/Crypto prices for live insight into your portfolio + +- The cool stuff: Automatically optimizes when & what ETF’s to buy + +- Automatically copies your entire financial position when you save your monthly progress. This is great for watching your Networth grow giving you a sense of progression month-to-month. + +- Tracks and gives you feedback on your Savings habits and monthly spend. + +- Cash Savings Targets, I've also added in a House Deposit tracker. + +- Automatic budget that feeds into your ETF purchases & automates your monthly bank transfers. + +- Keeps track of all returns from Stocks/Dividends helping you see what’s working + +- Investment return breakdowns per-parcel and on a holistic level. + +- And a whole bunch of other features, give the sheet a look to see. + +Essentially this sheet only requires you to update a few values each month and will automatically keep track of the rest through a variety of formulas and scripts that run behind the scenes. Feel free to edit them yourself in Tools -> Script Editor. I’ve used this sheet myself for quite a while and it's great to see how I'm saving. As I earn in AUD the Sheet is in AUD, so feel free to find/replace $ for £. + +**[Link to the Sheet here](https://docs.google.com/spreadsheets/d/1v9ENzdoSIVlfAA2SFVFz6KKVAAu5Knv8klde7bN2Qqo/edit?usp=sharing)** + +If you have any feedback please let me know! I'd love to make it better for people. +Guten Morgen to this global band of Apes! 👋🦍 + +Last week's energy seems to have propelled us through the weekend and is continuing strong into a new week. Apes continue to DRS at a stead pace, drawing their shares out of the DTC vaults and reducing the ammo that institutional shorts are able to short with. Friday was a big options date for GME, with an extraordinary number of Puts expiring worthless, but so far it seems that we haven't determined where those have been can-kicked yet. Is this something that we'll uncover this week? + +Today is Monday, October 18th, 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: **$181.43 / 156,38 €** *(volume: 1171)* +- ⬜ 115 minutes in: $181.53 / 156,46 € *(volume: 1140)* +- ⬜ 110 minutes in: $181.53 / 156,46 € *(volume: 1140)* +- ⬜ 105 minutes in: $181.53 / 156,46 € *(volume: 1077)* +- ⬜ 100 minutes in: $181.53 / 156,46 € *(volume: 1042)* +- 🟩 95 minutes in: $181.53 / 156,46 € *(volume: 1042)* +- 🟩 90 minutes in: $181.51 / 156,45 € *(volume: 1033)* +- ⬜ 85 minutes in: $181.27 / 156,24 € *(volume: 1017)* +- 🟥 80 minutes in: $181.27 / 156,24 € *(volume: 971)* +- ⬜ 75 minutes in: $181.32 / 156,29 € *(volume: 942)* +- 🟥 70 minutes in: $181.32 / 156,29 € *(volume: 936)* +- 🟥 65 minutes in: $182.30 / 157,12 € *(volume: 692)* +- 🟩 60 minutes in: $182.31 / 157,14 € *(volume: 692)* +- 🟩 55 minutes in: $182.24 / 157,07 € *(volume: 677)* +- 🟥 50 minutes in: $182.18 / 157,02 € *(volume: 674)* +- 🟥 45 minutes in: $182.33 / 157,15 € *(volume: 663)* +- 🟥 40 minutes in: $182.34 / 157,16 € *(volume: 646)* +- 🟥 35 minutes in: $182.80 / 157,56 € *(volume: 317)* +- 🟥 30 minutes in: $182.83 / 157,59 € *(volume: 283)* +- 🟩 25 minutes in: $183.05 / 157,78 € *(volume: 167)* +- 🟥 20 minutes in: $182.86 / 157,61 € *(volume: 165)* +- 🟥 15 minutes in: $182.93 / 157,68 € *(volume: 154)* +- 🟥 10 minutes in: $183.05 / 157,78 € *(volume: 145)* +- 🟥 5 minutes in: $183.11 / 157,82 € *(volume: 144)* +- 🟩 0 minutes in: $183.28 / 157,97 € *(volume: 127)* +- 🟥 US close price: $183.28 / 157,97 € *($183.33 / 158,02 € 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 1.1602. 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! +So last December I moved out of my house I was renting with some friends before the lease ended. I found someone to sub lease and moved in with my girlfriend. At the time we had Wow Internet and the plan was in my name. I called to see if I could just transfer service to my roommate and they said I couldn't and would need to close my account and have him reopen it. We did just that. I also asked if I would suffer any early termination fees, and they said no so long as the address I was moving to could not be supplied by Wow. So I gave them my new address and assumed all was well. + + +Until, last month where I received a collections letter for over $300. It was for Wow and for "early termination fees". Go fucking figure. So I called them basically going, "what the hell? I thought we discussed this in December" to which they took down my new address again and "opened up a case". I have since heard nothing since then and was randomly checking my credit score this morning. It went from what was previously a 760 to a 670. I am mortified. + +What can I do? + +___ + +UPDATE: + +Ok so I got a hold of WOW and they dropped the early termination fee. However, about $22 on the account was apparently past due on my old account so that remains. They said I would have to pay it to the debt collector. Should I not do this? What's my best course of action? +Hey friends, + +I'm 29 y/o, married, with a baby. We've decided to move out of our Vancouver apartment and in with the in-laws for a period of time to save up some money to hopefully buy a place in the next couple years.. probably not in the Vancouver area. The tentative plan is to live with them for up to a year with the intention of putting aside as much as we can. I work as an engineer and my wife is on mat leave until April 2022. + +We plan to save minimum $4k / month (up to $6k / month) for around a year living with them (after reimbursing them for utilities, internet, etc) = $48k minimum + +Does anyone have advice as to what the best avenue for saving at an accelerated rate to properly leverage TFSA, RRSP, the market, high interest savings accounts, Canadian tax breaks, etc? + +My initial thoughts were to utilize my RRSP deduction limit each year (for the tax break) up to the $35k home buyers limit (might take a few of years) and just put the rest in my TFSA buying broad market index holdings like SPY or VOO. I believe my max TFSA contribution limit is around $70k total? + +The goal is to save $100k then rent an "affordable" apartment in Greater Vancouver area where we can continue to save at a slower rate and keep an eye on the housing market for entry opportunities. + +Thanks in advance. +I've been ALL in since march. Like.... every cent to my name. + +I had no 401k to speak of after taking most of it our during COVID when I could do so without penalties and used it to pay bills. Since March I've matched my max company match (8% for company match of 6.4%) and every cent of that is invested in GME (51 shares as of today. I know, no positions, but that's just my 401k and I also have an individual investment account, so it's just a partial positon xD) + +I've spent every spare dollar I have investing, to the point I went full retard and took out a $10k loan to buy more. I'm a xxx holder with 95% of my shares from my individual account DRS'ed. Hell, I spent some money I didn't even have, accidentally overdrafting my bank account because I invested too much and forgot about a bill or two that was due that check! + +I'm tapped out. My purchases are now almost exclusively in my 401k as it takes every penny I own to keep my bills paid as I wait for this thing to blow.... and it WILL blow, eventually.... + +But, back to my original question: How the hell do some of you still have $xx,xxx that you are dropping on these dips? Either you're making 7 figures a year and that ten grand is just what you have to spare each check, or you weren't 100% in on GME yet.... and that's the real question here, why the fuck weren't you already in 100%? + +To all my brothers and sisters out there who can't afford to buy the dip because you're already 110% in, don't worry, our time will come. + +To all those who are able to buy the dip because you weren't 100% in..... and I mean this in the nicest possible way.... Fuck you and I'll see you tomorrow /insert meme + + +EDIT: To all those smartasses saying they have a Job...... what's that? Kidding, I have two of them and work 60-65 hours a week between the two. I make \~100k a year, though between the kids and their sports and the wife with her never-ending list of home projects, I don't have a lot of fun money. +Yet to turn on my heating + +It gets Around 11-12c (52f) in my bedroom at the moment. + +By just enduring the cold and getting used to it, With a nice down duvet/wool underblanket it's still very comfortable and the sleep quality actually is great.. + +I want to go further and toughen up more and get used to even lower temperature... + +The question is, what's the limit you can gradually can get used to with no ill effects and it affecting your sleep quality? + +Perhaps anyone is used to sleeping in extremely low temperatures and can share their experience? +Why should we invest in stock market that is completely manipulated when I can buy non counterfeit token that has been created through an open source community? I think that what's happening with GME will speed up the transition to crypto! + +Change my mind + +HODLING to change this shit! + + +Edit: I'm happy to see a lot of people had the same though...i was thinking that a solution could be a stock exchange based on the Blockchain! I think that it will be the future and japan wants to be the first!! + +"Japan to Have Blockchain-Based Stock Exchange in 2022" https://finance.yahoo.com/news/japan-blockchain-based-stock-exchange-151748234.html?guce_referrer=YW5kcm9pZC1hcHA6Ly9jb20uZ29vZ2xlLmFuZHJvaWQuZ29vZ2xlcXVpY2tzZWFyY2hib3gv&guce_referrer_sig=AQAAAEu5MYw1Pm8tAb4BB9JNeZbxJRAvo3c-A4xyss4Lgm3ileO9VeAyHDUNgzps7_W03xHQZXT6s7SU69F5gctao-pNxEAYr6mpZKLhLyBGjmhePa8Mcysa-V04HxWD8VyOA3MQMQvgJUTG1H61m67JEFp8PNpFbx18dkFRtzGtaOcp + +Edit2: I don't want people to sell GME for crypo (what we are doing here will be taught at university and remembered)...I wanted just to show some of my though on why the US government (or any other government even european), by not doing anything, is worsening more the situation. +People will relay more on blockchain than the government after GME! + +🤲💎🚀🪐 +Hi friends, + +I am writing up an essay/survey/study for school about algotrading and wanted to see if anyone would like to share their experience with it such as how you got into it, what you used to become a better trader (YouTube, this sub, books), and what you’ve learned. Any help or interesting stories would be worthwhile. + +Thanks so much in advance! 🙏🏻 +Basically the title. If there'll be a recession and this bear is long for 2-3 or even 5 years... If you're in it for 20+ years, why does it matter? Isn't it really just prices on sale for you to DCA? + +I understand the case if someone is like 5-10 years to retirement. But otherwise? Is it maybe that people can't take it psychologically and look at the red unrealised loss for a long time? +SO and I sitting (and continuing to save) on a decent pile of savings (150k) trying to figure out what to do with the prospect of potential persistent inflation, been umming and ahhing a while about what to do like put it into a house or invest more in shares (have some in there already). + +Anyone else thinking what to do? I feel like it’s a bit of analysis paralysis at the moment with record high housing prices and very high share prices, and then inflation creeping ever closer as well as other factors happening globally. + +Discuss! +Hey all! When it comes to financial planning, the decisions we make today obvious have a huge impact on us in the future. With that kind of pressure, it makes it extremely important to know what to do and who to trust. I’ve always been financially mindful but maybe not always financially responsible. Im in my 30s and my 20s were basically 10 years of just treading water. But now I know I need to make financial moves, set bigger goals, and plan for the future. I feel like there’s a sea of knowledge out there and everyone seems to have a different opinion, from Dave Ramsey, to every financial blog, to my dad, to the pizza delivery dude, + +My question: How did you figure out who to listen to? What tools did you use to form your own opinions? And is there some resource that you swear by? +I've never been a big spender, but I am about to graduate college and start at a new job with a great salary. I was planning on living "comfortably" with a new car, a nice place to live (read: large mortgage), a few new toys, and some fun overpriced vacations -- and the normal retirement path to "freedom" at 60ish. + +Luckily, I found Mr. Money Mustache, this sub, and YMYL and have been absorbing as much knowledge about FI/RE as possible, and I've changed my whole plan after some life-changing evenings by myself with some wine and spreadsheets (romance is alive and well). I've realized that **those things I wanted aren't going to make me happy**. So my lifestyle plan has changed drastically: + +I have a cheap, practical car; I'm going to keep it. +My job has no dress code and my clothes are good quality; I'll keep wearing the ones I have to work and everywhere else. +I have a nice commuter bike already; I'm going to live close to work and commute on a bike. +I'm very happy with the lifestyle I've had in college; I'm going to keep living frugally and socially. + +And above all, I'm going to avoid debt, save as much as possible, invest in real estate and build side-hustles, and be on track to retire at a nearly-fatFIRE level by age 40 at the latest, by my excel calculations. + +Even better, I hesitantly brought it up to my girlfriend and she was so happy she almost cried - turns out she's secretly big into Stoicism, and she wants to retire early and travel and bike and not own a clothes dryer. Biggest relationship boost ever! + +I'm so glad this community and the critical mass of knowledge is here and on the blogosphere. **You've saved me 20 years of unnecessary working before I even start my career!** Seriously. Twenty. Years. Hopefully other almost-college-grads can find this community ASAP and have make some life-changing life-plan differences. +Each year, at my new position, I will take in roughly 80-100k, after taxes and deductions, while working 60+ hrs a week. + +I have 20k in debt, that is my main priority right now. After my debt is gone, what is the best thing I can do with my savings in the next 3-5 years, to enable a life of freedom (from work and bills) after I am longer willing to do this. + +Money is only important to me in the sense that I want to have enough money to support a life of adventure and stress free living. Maybe that means moving out of the US to live on a beach in SE Asia (or somewhere else) or maybe that means becoming my own boss and making significantly less, but having made smart decisions with my money now, I can afford to make less and still live a reasonable lifestyle working less than 20hrs a week. + +Nothing in life comes easy, or free, but I know that by working my ass of now for a few years (away from home with basically no social life outside work), I can change the rest of my life if I make smart choices. + +Any advice or personal experiences? + +EDIT: Thank you for all the responses, its really nice to see the range of comments in this thread. I am sure Im not the only person out there who longs to live a life of freedom, fun and adventure (NaturalTim) but, like I said, eaiser said than done as nothing good comes easy. Trading time for money is a thing of the past in my opinion, and I want to do as much now, while young and free of commitments, so that later I can literally raise my own kids and spend more time with the people I love. Experience is king, on my death bed will I say "Im glad I didn't work so hard" + + + + + +hi all, sorry if this isn’t the correct sub to post in. + +I applied to work at a dental specialty clinic, specifically for a reception/front desk position. They did a group interview (sorta) yesterday and they reached out to me today asking me to come in for a full day working interview next week. + +I’m on the fence about this just because I still have no idea what the pay is, not even an estimate. Although I really want this job (pursuing a career in the dental field, any experience helps), I don’t want it if it turns out to be minimum wage as I just can’t live off of that. + +Would it be inappropriate to ask for an estimate on compensation before accepting the working interview? Or should I just suck it up as it’s only 1 day? I’ve never been asked to do a full day working interview so I’m unsure what’s considered normal in this situation. + + + +------------------------------------------------------ + + +**edit:** hi guys, i went out and came back to 100+ notifs so i'd just like to give an update. i've been emailing back and forth with the dentist. i asked him about the salary etc. he asked me what i'm looking to make so i let him know. he sent me an in depth response stating that what i'm asking for is no problem, and given my experience he planned on making me a different offer (which was a few dollars more than what i thought would be a realistic number!) + +he explained to me what the working interview would entail, and as some of you in the dental field mentioned, it's mostly to see how i mesh with the rest of staff and he said i would be given small tasks to see how i handle things. but i won't be given anything that directly benefits the business (i.e., dealing with patients or any "real" work, i guess it can be compared to homework? lmao.) and he reassured me that i would be paid for my time regardless of whether i'm hired or not. + +thank you to everyone that gave their input! i really appreciate it and so many of you were really helpful. ❤️ +I live in the Midwest, sticks Mansion type of deal. Growing up everybody loved Trick or Treating, and specifically most people loved coming to my neighborhood. We were “The Neighborhood” in our area to go to for Halloween. People would drive 20-30 minutes to take their kids trick or treating here. Everybody went all out with Decorations, King Size Candy Bars or enough candy given to equal one. People even got Bouncy Castles, professional costumes that ran up into 5 digits, food truck type stalls with free food too. + +However, it seems that in the last 9 years, the amount of people coming has declined dramatically each year. Even if Halloween is on a Weekend with good weather, there’s just way less people. No new major developments have come up either. I just think culture has changed and kids don’t care anymore. We used to never be able to even close the door for more than 20 seconds. Now 20 minutes go by before the next group of kids and it’s just neighbors taking their kids by golf cart or utility vehicle lol. I know people may say Covid, but I really don’t think so. Last year I saw a bouncy castle and food stalls still even with barely anybody going around. + +I’m curious if this is happening in other places too? Anybody reluctant on spending $2-5k on decorations and candy anymore with not that many people coming? I know some of my neighbors will do it out of tradition, but honestly seems pointless now if you don’t have young family members. This year we just went straight to Thanksgiving decorations. + +TLDR; Do people spend money on Halloween anymore? +Guten Morgen to this global band of Apes! 👋🦍 + +There is very little more bullish than Ryan Cohen's tweet declaring his Diamantenhänded grip on his GME shares. We all appreciate the special place that DFV occupies in this movement, but RC's purple ring is by far the largest in existence. That tweet occurring on the very bullish uptrend crossing the weekly MACD and we are well into tit-jacking territory. And of course, the media has turned up the blame machine against us, which foreshadows a surge that is likely to leave at least one of our opponents quite bloody. + +Apes, while GameStop hasn't issued a monetary dividend (or declared a NFT dividend), it is clear that investing in GME pays dividends in entertainment value. There is a reason so many of us individually *love* this stock - this stock brought this community together, is going to forever change the role that retail plays in the markets, and is going to change many of our lives. Nearly anyone is able to experience this with even a partial share, but engaging in ways like DRSing our shares gives us direct control over the outcome. Apes are in control, and we're on our way to the moon. + +Today is Tuesday, November 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$220.17 / 190,15 €** *(volume: 1428)* +- 🟩 115 minutes in: $217.37 / 187,73 € *(volume: 1300)* +- ⬜ 110 minutes in: $217.29 / 187,66 € *(volume: 1294)* +- ⬜ 105 minutes in: $217.29 / 187,66 € *(volume: 1289)* +- ⬜ 100 minutes in: $217.29 / 187,66 € *(volume: 1274)* +- 🟩 95 minutes in: $217.29 / 187,66 € *(volume: 1255)* +- 🟩 90 minutes in: $217.22 / 187,60 € *(volume: 1223)* +- 🟥 85 minutes in: $217.11 / 187,50 € *(volume: 1219)* +- ⬜ 80 minutes in: $217.69 / 188,00 € *(volume: 1184)* +- 🟥 75 minutes in: $217.69 / 188,00 € *(volume: 1169)* +- 🟩 70 minutes in: $220.26 / 190,23 € *(volume: 1072)* +- 🟩 65 minutes in: $217.54 / 187,88 € *(volume: 1060)* +- 🟩 60 minutes in: $216.34 / 186,84 € *(volume: 958)* +- 🟥 55 minutes in: $216.32 / 186,82 € *(volume: 942)* +- 🟥 50 minutes in: $216.34 / 186,84 € *(volume: 935)* +- 🟥 45 minutes in: $216.37 / 186,86 € *(volume: 934)* +- 🟩 40 minutes in: $216.40 / 186,89 € *(volume: 879)* +- 🟩 35 minutes in: $216.17 / 186,69 € *(volume: 701)* +- 🟥 30 minutes in: $215.56 / 186,16 € *(volume: 673)* +- 🟩 25 minutes in: $215.57 / 186,18 € *(volume: 550)* +- 🟩 20 minutes in: $215.54 / 186,15 € *(volume: 528)* +- 🟩 15 minutes in: $215.49 / 186,10 € *(volume: 506)* +- ⬜ 10 minutes in: $215.43 / 186,05 € *(volume: 490)* +- 🟥 5 minutes in: $215.43 / 186,05 € *(volume: 470)* +- 🟥 0 minutes in: $215.46 / 186,07 € *(volume: 322)* +- 🟩 US close price: $218.64 / 188,82 € *($217.19 / 187,57 € 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 1.1579. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +My dad and I started a farm when I was 14 and now at 33 we got an offer that would give me 1.5mil after taxes, I also have a house that is worth about 400k. I am very tempted to just put it in index funds and live off of the 4% rule (I would use 3.5%). I don't really have any job experience outside of managing/running a farm though I do have a BBA in Economics. Am I setting myself up for pain down the road by not starting some sort of career now that I could fall back on? I am worried If my "fire" ended up being a 4 year break or something it would be impossible to find work afterwords? + +&#x200B; + +More Info + +I like working on the farm but every "normal" job I have tried I hated, which is what makes fire appealing. I would probably live in a different country where cost of living is about 1/2 the USA which is what makes 3.5% of 1.9M a more livable number. My wife is from this country and I have spent about a year there though not in one go. Currently I make about 50k a year on the farm if that information helps. +With EOFY around the corner and performance reviews underway, I’m curious to know whether AusFinance members are expecting a pay rise for FY 21/22? + +To share my own context, I work in the legal industry and despite the initial COVID doom and gloom last year, my firm reports they are doing much better than expected financially. In saying that, I didn’t receive a pay rise or bonus last year as it was still relatively early in the pandemic and a cautious approach was taken, so am super keen to make up for lost ground. After working hard and having a really good year, I’m hoping to get close to a 10% salary increase. Time will tell whether that’s realistic! It’s difficult to know what to expect or push for in the current climate. + +Keen to get insights into what others are experiencing in their own industries. +A lot of new people in here from r/all. + +I wouldn’t be surprised at all if we get dumped on tomorrow. In an attempt to create a new round of negative sentiment about the stock from new apes. + +Holding through dips/buying dips is what helps you level up as an ape. + +Be ready, buy the dips. Discounted bananas taste great. +So I know a lot of people here have been suspecting that the crypto markets have been used to suppress GME's price. Theoretically, if this is true, we should be able to see an outflow of crypto being sold (obv going down) that correlates to the outflow of GME shares being sold, right? Maybe I'm getting ahead of myself, let's look at some charts. + +&#x200B; + +[Figure 1: Correlation between a certain coin's sell this morning and GME price drop](https://preview.redd.it/adlxhtdxy3m71.png?width=1364&format=png&auto=webp&s=4924b075521f57a2c81ea9c818b4688a0cb2cab7) + +**Figure 1** shows what tipped me off to look at a certain coin this morning. I noticed that the charts are surprisingly correlated. But most interestingly, I noticed that **in the beginning of the day GME was setting higher lows and overall appeared to be trending upward**. What does this mean? Take a look at figure 2 here: + +&#x200B; + +[Figure 2: Higher lows BEFORE a major sell event occurs](https://preview.redd.it/q8ejovzzy3m71.png?width=1497&format=png&auto=webp&s=82ff56e3c2e2e6e3a549d0c122a5b92835c963ea) + +**Figure 2** shows the upward trend that I spoke about further up. This morning, it appeared that GME was flirting with a breakout in the upward direction, setting higher lows and suggesting that the **SHFs were losing their ability to suppress the natural price movements of the stock.** Then, out of nowhere, we see a dump from around 10:45 am EST to around 11:15 am EST. + +Ok, so at first glance it looks like there's some correlation here. But let's try to get some math behind this and see if our thesis can be validated. Theoretically, **we should see the same (or similar) dollar-value** numbers of **coins sold** from around 10:30-11:00 as **GME sold** from 10:45-11:15 (gives them around 15 minutes to start the dump after selling their coins). + +Let's use our friend OBV to get our figures... + +[Figure 3: OBV on GME from 10:45-11:15](https://preview.redd.it/c40f4ax2z3m71.png?width=1501&format=png&auto=webp&s=2e12d3e251819b9445b96581c024e0b5b2d0a8e6) + +As we can see here, there is a sudden drop on OBV from around 895,000 shares to around 730,000 shares. That gives a difference of 165,000 shares of GME that were used to suppress the price (895,000 - 730,000 == 165,000). Now let's convert that to dollar values... 165,000 shares \* $200 = $33,000,000. **So, SHFs theoretically used $33 million to attack GME this morning** (rough figure, obviously these are estimates)**.** + +Ok, great, so SHFs used $33m for this attack. I wonder how much bert-coins was sold this morning... + +&#x200B; + +[Figure 4: OBV on a certain crypto from 10:30-11:05](https://preview.redd.it/0q376165z3m71.png?width=1815&format=png&auto=webp&s=b48374c4102233b2345cee788864e43c66e8a9c4) + +Wow so uh, that's a lot of coins sold. Let's add some user error here and say it's 630 that was sold this AM. Let's also say that, on average, this coin was sold at around $48k a coin. **630 \* $48,000 == $30,240,000.** + +Holy. Fuck. It appears to me that this morning, SHFs ran out of money to continue to suppress GME's price. Their solution? Sell their most speculative assets (cryptocurrencies) in order to get more money to continue their price suppression campaign. **90% of the dollar-value volume used to sell crypto and GME this morning can be found on the OBV of the above coin.** They are likely also selling their other crypto holdings to account for that other $3m. + +&#x200B; + +**Tl;dr:** I have found mathematical proof (or, at least, heavy suspected correlation) that some big player purposefully sold cryptocurrency this morning in order to raise enough $ to suppress GameStop's natural price action. My theory is that SHFs have run out of money to suppress the price, and are now selling off their other assets to delay the MOASS. + +I'm not a financial advisor, but my tits are jacked. + +&#x200B; + +edit: I was a bit overzealous with the title as many pointed out, "correlated charts and price movement" is probably more accurate. Deserving of the inconclusive flair for that alone, apologies for the slight clickbait. +20 years later... Is rent money STILL dead money? + +I understand the market at the moment is quite volatile. I swear there used to be upsides to renting - such as being able to rent a property or a location you can't afford but lately there don't seem to many benefits at all. + +I'd almost rather convert a van and live in that... +I have a job offer for a government contractor (W2 with full benefits) and also one for a GS13 job. The contractor job would take home about 25% more after taxes, insurance, etc. The schedule for the GS job would be better on the family, and we'd likely have to hire someone to do after school care at least a few days a week with the contractor job. I'd also be eligible for a pension if I stayed for 5 years as a GS (I have 15 years of military time I can buy back). + +I'm 36, wife works full time, 3 young kids. We're pretty well off right now - only debt is a mortgage and even after the recent market bloodbath we're sitting at around 500k in retirement accounts. I'll also likely get a small military pension that I can collect starting around age 56. We don't live extravagantly by any means and save quite a bit. + +Part of me wants to go for the fatter check now and maybe be able to retire a year or two earlier, but the other part thinks it's not worth it because it will likely be harder on the family. I also worry somewhat about a recession causing the contractor job to go away. + +Thoughts? + +Edit: thanks y'all for all the feedback so far (except for that one guy who thought I was humble bragging about needing career advice). To address a couple recurring questions/comments: + +- I didn't leave the military at 15 years. I got off active duty at ~11 years and am a current reservist with a bunch of active reserve time that I can buy back, for a total of about 15 + +- Because I'm a reservist I would be able to use Tricare with the contractor job, but not with the GS job. Premiums and deductibles are a lot cheaper with Tricare, so the health insurance side of benefits would be cheaper with the contractor job + +- PTO with the contractor is 20 days + +- Contractor job is through a large firm, and it's a brand new contract. Not sure how long it's for + +- Contractor offers 6% 401k matching. GS is 5% for TSP + +- GS job would be with DOD, in almost exactly the same role as I'm currently working as a reservist. They're essentially turning my current military job into a GS13. It's pretty much a dead end as far as career progression in this office, but I also don't expect to be in this location for more than 5 years regardless so I'm not super concerned about that + +- Not sure about how much after school care would be. Call it $50 a day based on what we currently pay for here and there care, but I don't know if needing something long term would make that higher or lower. +First, let me just say that I exclusively do a derivation of the wheel and have been for the last 2.5 years (before covid crash). With tax drag and with drawdowns, my performance is more turbulent and lower than buy and hold 100% s&p. + +Obviously the last two years are an anomaly, but I think generally speaking most wheelers I follow don’t expect to beat the s&p when taxes factored in. + +So here’s my question - why do it? Is it for the fun of it? Feeling of more control? Are most wheelers that do this with very large account doing it for income rather than trying to build the nest egg? I’m curious for those with large accounts that have been wheeling for a while what their perspective is. +That is basically my question. I have started selling CSPs on stocks I wouldn't mind owning w/ the intention to wheel if assigned. I currently have a put for Nov 17 that is up over 50%. + +What is the general feelings on this? Should I close this and buy another(roll) up and out? Or just let this ride till expiration and at that point look to make my next purchase depending on the numbers at that time. + +My assumption is people will tell me to do whatever I think is best, but I'm just looking for any insight from someone w/ more expertise than myself. + +Thank you. + +Position in question: MTTR 11/19/21 P 17.50 + +**Update:** + +MTTR ended up dropping a bit today so it's down to about 35% in the green at moment. None the less I genuinely appreciate everyone who took time to provide their insights and opinions on the topic. + +I think the metric for me that I need to be looking more into is dollars per day. I don't really see much "risk" in terms of lost profits because I truly don't mind owning the stock at the strike especially with it being slightly lower due to the premiums collected(assuming my conviction hasn't changed). But if closing the current CSP and opening another in the future could result in a more efficient use of funds that seems the best way to go. + +Once again thanks everyone I enjoyed the discussion thoroughly. +I have been working with options for about 3 years. However, I only discovered selling options about a year ago (ya, lost some good money those 1st 2 years) . I started with spreads and did very well. Seemed to either win or get out before big losses a majority of the time and made some good monthly earnings. I always had a feeling that it seemed so easy because the market was just going UP , UP , UP... and had a feeling that when that changed, this would get more difficult. Well, June and July were hard. So I am adjusting my strategies to include more than spreads. I am working on understanding the Greeks now and still feel confident in moving forward. However, I see a TON of people, especially the WSB Apes, giving up and getting the F out of the market. Do you think that losing a TON of retail traders is going to negatively affect the market over the next year or so? +Hello! + +I'll try to keep the personal/relationship info out of this post to keep it on topic. Throwaway for obvious reasons, but I'll probably use this account for a few more posts relating to this topic. + +My girlfriend and I purchased a house together about 3 years ago. We have a $160K mortgage and share all utility expenses. Recently she "confessed" to me that she has accumulated over 20K in credit card debt. We are trying to work through it as obviously this is a big blow to our relationship and to our financial goals, but the truth is I've been considering a breakup. I don't know what I really want to do yet .. I'm sad and hurt and very concerned for my/our financial future regardless of which path I take. + +In the meantime, I've agreed to help her pay down her debt by paying more $ in utilities so that she has more cash for credit card bills. + +I'm not sure what information is relevant, but here is what I am concerned about. + +We each make about $45k, although much of her income is unclaimed tips because she works as a bartender. + +Total mortgage loan: $160K + +Total payment each month: $1100 + +Remaining balance: $146K + +Is selling our home even an option, considering we've hardly made a dent into the principal? What are my options if I let her keep the home? How do I prepare and protect myself financially? What other things do I need to consider? + +Thank you in advance for your help and guidance + +**edit 1** thank you so much for the responses so far! Adding some more info up here based on the questions I received: + +- I am not a co signer on her debt. I have no responsibility to pay it. + +- The only bills with both of our names are the mortgage and utilities. + +- if I do move out, I will probably want to purchase my own home. My lifestyle isn't suitable for a rental + +- to be clear, I don't want to screw her over financially. I want to make a decision on the home that is fair for both of us. + +- it's possible our relationship could last another year. + +I'll keep editing to add more relevant information + +THANK YOU to everyone who responded so far + +Edit 2 + +**I didn't know this needed to be said but here it goes** +- This isn't /r/relationships .. I've excluded details about our relationship that don't pertain to financials because I am looking for financial advice. + +- Saying I am "money hungry" is neither helpful nor truthful. I've divulged information in this post that concerns our financial situation, not any other aspects of our relationship. You should not assume that is the only issue with our relationship. HOWEVER, this financial predicament she's put us in is a big deal .. I have life goals that cannot be accomplished by paying off credit card debt for the next 5 years. + +- the way the debt pertains to our relationship is as follows: it is complicated if we stay together. It is complicated if we break up. I fear for my financial future either way. I fear that I will never be able to trust my girlfriend with financials. We might work things out, we might not. Frankly it is too early in this predicament to make a decision like that. Other than these topics, I'd appreciate that further responses stay on topic: finances. + +- I appreciate everyone's posts .. But please don't make assumptions that we are this otherwise happy couple with a little bit of debt .. That is not the case at all. +Interesting research paper on early retirement. Conclusion: + +"We find that the reduction in the retirement age causes a significant increase in the risk of dying before age 73 and a significant reduction in the age at death among men. Specifically, an additional year in early retirement increases men’s probability to die before age 73 by 1.85 percentage points (equivalent to a relative increase of 6.8 percent) and reduces the age at death by 0.2 years." + +http://ftp.iza.org/dp11851.pdf +With some huge fights coming up for Rashad in the future this will be a huge year for him and UltraSafe! + +ULTRASHAD! + +He is the first celebrity that we have partnered with to make this project go the right way, with many more to come + +In the last days where the whole market  isn't doing so good UltraSafe is holding up much better than a lot of coins + +We are getting closer day by day to acheiving the milestone of 50,000 holders, and when that happens UltraSafe will be listed on Tier 2 CeX exchange + +Also, there's ongoing work from the devs on NFT Marketplace, which will be unique, and the staking dApp + +Double audited (Certik and Solidity) with third coming, liquidity locked for 79 years, and great doxxed devs who come by every day on telegram , $ULTRA is the safest coin on BSC + +Important links: + +Official website: https://ultrasafe.finance/ + +Buy on pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a + +Telegram: https://t.me/UltraSafeOfficial + + +[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!* +Wish I bought a bit later today as opposed to the morning, but happy I'm finally in the market (contributed to TFSA finally and stopped sitting on cash, and bought VGRO). Although I wish I did that a few years ago... The perils of investing lol, there's always something to be disappointed in! +I’m started investing earlier this year and I’m still a student, so I am comfortable with a risky portfolio for now. I want to maximize growth over the next decade (at least next 5 years) and then consider lowering the risk by buying bonds etc. For now, I’ve invested in VSP and few other individual stocks just because market crash made everything a cheap buy. I know this is risky and I’m ok with that. I literally don’t have more than 10 stocks of a single company so I feel like the risk isn’t that high (just because I’m not expecting all the companies to go bankrupt at once). Correct me if I’m wrong though + +For now, I was looking at buying VSP and XUU since they seem to have good growth over the last 5 years. Any reason I should invest in VGRO and not these? Also, are there better ETFs that have potential for high gain in the future? +I am new to investing as well. I started about 1.5 years ago but before i put money into the stock market i read 3 books and played with paper money beforehand. + +Now, I absolutely love going to reddit for stock information. I visit about 7 subs daily and i also watch YouTube videos daily. So by no means am I saying you shouldn’t do that. + +But in my opinion the reasons to visit these forums is to: +1. Get ideas for stocks to <research yourself>. +2. Engage socially with people that share your interest in investing. For example, i have no people in my real life circle that even know what stocks are. So i use reddit to engage socially with likeminded individuals. + +But in no way should you visit these forums for sound advice that you trust and don’t have the ability to fact check with your own DD. +Sometimes people give amazing insight and ideas on these forums but if you don’t know to read a balance sheet and in general, research the company yourself- you are using these resources wrong. + +Just my two cents, if anyone feels like what I’ve said applies to them. I can send you online free book links and help with any questions you have, just PM me. +Euro zone inflation rose to a record high 8.1% last month in line with a preliminary estimate, more than four times the European Central Bank's target and underscoring its plans to raise interest rates next month to tame runaway price growth. + + +https://www.reuters.com/markets/europe/euro-zone-inflation-confirmed-record-high-81-may-2022-06-17/ +I recently moved to San Francisco for a job and sold my car and gone car free - it's actually been way easier than I thought! + +Here are the pros and cons: + +**Pros:** + +* I save a LOT of money - total of $300/mo + $13k lump sum selling my car + * \-$200 gas + * \-$200 insurance/maintenance/registration + * \-$100 parking + * \+$100 monthly transit pas + * \+$100 assorted lyfts +* I don't have to stress about traffic/parking/getting in an accident anymore - it's nice! +* I walk way more and am in better shape - I've gone from averaging 2 miles/day to 4 miles/day +* I have more time to read/relax during my commute as opposed to being behind the wheel +* I can go out and drink without worrying about driving home or leaving my car somewhere overnight + +**Cons:** + +* Doing errands is harder - I'm lucky I have a roommate with a car for Costco runs, but stuff like that can be a pain with no car +* Need to rent a car for day trips - luckily BART is pretty good in getting me most places in the bay but I still had to rent a car for a weekend trip to Napa +* Reliant on public transit - SF has an OK public transit network but service can be sketchy at times, which is a pain + +&#x200B; + +Overall, I would highly recommend going car-free if you have the means to. Both from a financial stance, but also quality of life :) + + +Edit: One caveat noted in some comments is that I am lucky to have a roommate with a car - this is certainly the case. However, I only ever use his car for costco runs which we do 1-2x/month. If I had to replace these with lyfts (or just not go to costco and instead go to my local market), my overall cost savings would probably drop $25-50 month, but would still come out greatly ahead. +I'ts so strange to watch the crytonatives in here shit talking NFTs on exactly the same way and people on the rest of Reddit shit talk crypto in general. I'm sure I'm going to get downvoted into oblivion but shouldn't we embrace NFTs if it leads to wider mass adoption of the underlying blockchain tech? Content creators entering a tech space has never ended badly. Keen to hear why folks are so critical on the technology in general and wonder if those are the same responses that non crytonatives say about cryptocurrency in general. + +Edit: for those looking for more than just a fancy JPEG, check out what the Frogland.io are building with their Notorious Frog collection. Proper tech and creativity +I hope someone can explain a little more about what’s going on with our economy. Why are unemployment numbers so low, yet so many other factors seem to indicate significant turmoil on the horizon? For example, inverted yield curve, surging inflation, absurdly high debt utilization, negative GDP growth…and yet everyone seems to be marching steadily on and life continues unabated. + +Are the government/banks/big businesses keeping us in the dark until they strap on their golden parachutes, or is all of this unprecedented because of COVID and, like the White House claims, not really a big deal? +Like you all, I also make shit money and am struggling to get a job, and constantly envious of our first world friends making much much more at 20 haha, but oh well. :) Best advice ever given to me was, "If you want to make money, make American money" or other higher currencies. + + +**Let's share our progress and plans here. I'll start.** + +I'm a (pushing-) 24-year-old Malaysian living in a small city. Graduated a year ago with no stable job yet. No student debts thanks to sidejobs and frugal-living during college. Still learning about finance slowly since we severely lack resources to learn about these things. + + +**Current progress (if you can call it that)** + +I'm currently working as a substitute teacher, salary is about RM54 per day (~$12). The salary used to be RM100 (~$24) per day for my level of qualification (undergrad) but the previous government went into so much debt that every sub teacher got paid by highschool qualification, regardless of their real qualification. + +Since college, I also do freelance work, which pays anywhere between RM500 to RM2000 (~$120 to ~$470) per job. I usually get one job every one or two months.  Our country's financial condition is improving since the thieves are no longer in power but at 24, I think I should have more than RM5K in my savings. + + +**Spendings** + +I'm a rather frugal person, many of my clothes are years old (not rags though). Not really into gadgets, eating out etc. Only guarantee spendings are: + +Jiujitsu classes (~RM200 monthly) + +Guitar maintenance (RM100/- yearly) + +Books (RM150/- yearly) + +Steam sales (RM100/- yearly) + +Internet plans (RM50/- monthly) + +Other hobbies are mostly free (drawing, etc) + + +**Plans** + +I'm going to grad school this September, but one half of the motivation to do so is to be in the capital city to look for more job opportunities. The plan is to work while studying, improving my network and getting employment once I graduated. Getting into IT, specifically system design & instructional technology. + + +**Employment landscape (as far as I know)** + +Jobs are scarce in smaller cities, since our country is still developing & we are recovering from the mess made by the previous government. The people have always depended on the government to provide them jobs, this makes it common to view private companies as unsafe. IDC, I just want a job that pays well. For now I'll settle for anything RM1500/+ monthly (~$357). Low, yes, but for now... + + +**End-goals** + +First goal is to make a stable income by 28 (~RM3K monthly), then by 35 or so, to reach the limit of RM200K (~$48K) in a local investment plan that would net me ~RM15K (~$3.6K) interest per year. I'm hoping to reach financial independence by 40. Not necessarily retiring but stable enough to live frugally yet comfortably with minimum impact in case there's an economic shitstorm, getting laid off, etc. + +Will continue to learn about investments & making side money (rent, etc). Very open to move to better countries should the opportunity presents itself. + +**So...** + +Anything I can improve here? My plans are very pathetic but that's what I got so far. Been wanting to FIRE before knowing it's a thing. Or perhaps it's impossible by default for those unlucky enough to not be born in a developed country? + +What about you guys? +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! +This was my first major ETH purchase over 50 bucks (about $350 total). My wife and I couldn't find this frame anywhere else, so we decided to take a chance and purchase it on Overstock. Once I saw that I could pay in ETH, I absolutely had to try it out. I had no idea they accepted crypto! + +Thank you rising ETH prices and mainstream adoption! +Warren Buffet's annual letter to shareholders is now available on Berkshire's website: [https://berkshirehathaway.com/letters/2019ltr.pdf](https://berkshirehathaway.com/letters/2019ltr.pdf) + +Berkshire's 2019 144-page annual report is also posted: [https://berkshirehathaway.com/2019ar/2019ar.pdf](https://berkshirehathaway.com/2019ar/2019ar.pdf) +So take a seat💺 and soar through the sky with us.✈✈✈✈ + +This coin is the OG Lotteryproject on BSC, trusted, audited and crash proof. + +It aims to solve the great problem high market cap crypto lotteries have, the old tale of the gas fees. The benefit of bscs low fees bursts old boundaries apart and opens a new and exciting perspective at this win it all wager. + +Still so heavilly under valued right now! +1 LOT=2.7$. + +Every wallet has the same chances, + + 1 wallet + 18 LOT = 1 ticket + +Sure, you can make multiple wallets to get more tickets, no problem with that. +But be aware young padawan, that you will fill up the pot with every tx you do. And even worse, you will lose out on the juicy holders tax that gives interest out like crazy the more coins you hold in one wallet. + +And this is where things get interesting, every transaction of LOT has an automatic tax of 6% applied to it: + +🛸2% go to holders (Again, the more LOT your have, the bigger your share will be) + + +🛸2% get burned, deflation, baby! + + +🛸2% go to the pot, that fills up till it bursts when it reaches 0.1% of circ supply and one lucky little fucker gets it all. This mechanic is giving me wet dreams btw, how can you not be on the verge of going all in right now...                 + +PAYOUTS HAPPEN EVERY DAY!            + +BUUUUUTT WAIT, there is more. Now we get truly juicy. + +In September LOTs old versions liquidity gets unlocked and put right into LOTs new version. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +That means 100 BNBs right on the hight of our bull run!!! What is 50k$ at the moment could be +1 million$ on the peak in September. +Get in now so you are set for the ride till we reach the climax! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Alright here are some specs for you tinkerers: + +🎲Circ supply: 1,250,00 (105,000 initial burn to        🎲match the swap, so 1.145m will remain) + + +🎲This low circ supply will catapult this through the stratosphere. + + +🎲Market cap: $3.5m + + +🎲CMC and CG applications are done. Soon to be listed. + + +🎲Awesome road map that will evolve the project 🎲into a Lottery ecosystem with multiple projects! + + +🎲Devs that respond to everything personally and are in the chats 24/7. + +Links: + +Website: www.lotterytoken.net + +Audit: https://solidity.finance/audits/Lottery/ + +Liq lock: https://dxsale.app/app/pages/dxlockview?id=0&add=0xB3125A2A0baaFaaD790c56650Ef96322bC507585&type=lplock&chain=BSC + +Reddit: www.reddit.com/r/lottery_token?utm_medi + +Telegram: @lotterytokenchat + +Twitter: https://mobile.twitter.com/lottery_token + +Graph: https://dex.guru/token/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7-bsc + +Contract: https://bscscan.com/address/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +BUY HERE RIGHT NOW! + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Tldr: If you are bummed by getting rekd the whole time on BSC and you lose faith in new projects, look no further, this one here can reestablish lost trust. The Devs did something no other team on BSC did so far when times got rough, they stayed, and they indulged into the community. They sweat blood and grinded their brain cells to overload. For the Project, for the community, for crypto. +I understand that excess inflation caused by demand driven price increases requires a response by central banks to keep price growth under control. However to me it looks like a lot of the price rises are caused by supply side issues, not an overheated economy. You could even argue real estate costs are caused largely by supply side issues. +A lot of Australians are struggling with increased fuel, food, vehicle and rent prices. And we are yet to see any significant wage rises. +So why are we rushing to increase the cost of money which will only increase the cost of living, especially as we now have more debt than ever before so we are highly susceptible to interest rate rises? +As the title suggests, i'm curious to hear what people consider to be a big mortgage! Bonus points for what people to consider to be an average or small mortgage. + +Feel free to comment based in terms of multiplications of income or in pure $ figures. Interested to hear both accounts, as well as if anybody wants to share their situation. + +My personal situation is 570k mortgage PPOR, 130k income and partner 85k income. +The MTGox transaction API (https://data.mtgox.com/api/0/bitcoin_tx.php) shows transactions MTGox authors. + +Throughout the outage— e.g. as early as the 8th— they've been making a small number of what looks like dust sweeping transactions. + +One shown right now is TXID ed7ffa58fef651adaf1281ad10e98a4399eb2be40950345c7ccb7c8f76f067e1 which spends +45d45286bac04311684ab7716ab170b50781cde6b094d9a644fb89ca07ae6888:31 which is the coinbase transaction of block 0000000000000000da75e32e941537e00bd2e752527adba6193f35ccaa6da293. At the moment it only has 62 confirmations. + +Because the rules of the Bitcoin protocol prohibit spending coinbase txn with under 100 confirmations this transaction is currently invalid and will remain invalid for another 38 blocks. + +So after all this outage time, MTGox has still not fixed their software to stop authoring invalid transactions. + +I know there are articles written about this but I’d love some discussion/opinions about it. If someone was investing in ETFs/indexes (safe, stable returns) for retirement, would you recommend investing all of it at once or, say, $1000/mo for several years? Why/why not? +The trillion dollar question at the moment is: + +*Will the government step in to stop this?* + +----------------------------------- + +There is only one scenario where that would happen, because if they step in, there's no going back, democracy is dead, and they know that, so they'll only ever do it as a last resort. When the country will be destroyed if they don't. I repeat, **when the US is in legitimate danger, that's when the government will step in. Hedgies are doing it on purpose.** + +So that's what I think hedgies are trying to do. They're all in, there's no going back, and they're shifting the responsibility from themselves onto the government. + +If this carries on, then the entire global market will tank, (a la, the everything short) and the ramifications of that are far far worse than if America loses its democracy. Look at China and Russia, it's not ideal - but it can be done, people can survive without democracy. Besides, if democracy does go out the window, it won't matter to the hedgies because humans are plutocratic by nature. + +And that makes this incredibly serious, if we keep going in and in and in and in, then the stakes go higher and higher, and eventually the whole world is going to be at risk. + +**Now this might be construed as FUD**, but it's not, I'm simply trying to come up reason as to why hedgies are doing what they are. **I REPEAT, THIS IS NOT FUD** + +It doesn't change the fact that **ALL WE NEED TO DO IS BUY AND HOLD** because frankly, if the squeeze doesn't happen, the world is fucked anyway. So we are either going to win, or the world is fucked. There's no other way around it. Any sane person on the planet right now should have every penny they have in GME, because if they lose, their money will be worthless anyway. So it makes no difference. + +**That makes me hate hedgies more!** Because rather than lose, they're willing to put the longevity of our entire species at risk, which is beyond psychopathic in my opinion. It's completely insane. But that's what I think they're trying to do. + +They don't care about the world, they only care about themselves, and I assume they are trying to fuck the entire planet just so they can keep their money. + +**The floor is $50 million.** + +This isn't a joke anymore. This is real. + +*As an aside: you really need to consider how you will impact the world with your millions. Because you'll have them, along with a fuck ton of responsibility. It's upto us to shape the world into a better place after this.* +Hello everyone, I had a feeling that I need to talk someone. I felt this group is the most closest to me, so I decided to write here. Overall I love you guys so much, I know we have not meet each other yet, but still love you guys and wish the best.. +Hey everyone, + +So we recently got NIO's 2020 Q4 and full year financial results. Some highlights include: + +1. $2.5 billion reached for annual revenue +2. Gross margins grew to 17.2% +3. Positive full year operating cash flow +4. $6.5 billion in the war chest as of 31st of December 2020 +5. Q1 deliveries expected to be above 20,000 EVs + +Overall, NIO has shown amazing improvements; they've definitely come a long way, and to anyone who can look at the results honestly, it's evident that NIO will be much higher in the future. One of the reasons I say this is because of what we're seeing from the media trying to spin this situation negatively; and while it is true that anxiety regarding semiconductors and batteries can limit NIO's production, from the information we have, it doesn't appear it will have much of an effect. + +In the earnings call, NIO's CEO Willie Li Bin (NIOgang's homeboy) said that NIO will be producing 7,500 EVs in the second quarter 2021 until July wherein the production capacity will increase to 12,500--meaning an annual 150,000 EV production; it's also knows that this will potentially double again to 300,000 in 2022--meaning 25,000 NIO EVs produced a month. + +It should also be knows that yes NIO's deliveries were down in February, but this is due to the Lunar new year holiday; literally people were not at work. But interestingly, NIO delivered 5,578 in February, beatings Xpeng's 2,223. + +If you go to some of the forums like Stocktwits or Twitter, there's bears/shorts deliberately trying to scare people to sell--as if what's written above is bad news. Here's the [link](https://www.cnbc.com/2021/03/02/chinese-tesla-rival-nio-chip-shortage-will-hit-electric-car-production.html) for the 'bad news' these fearmongers are dragging out. + +Take the supposed EPS miss by NIO: as the analyst Edison Yu points out, the EPS miss is misleading because it was actually due to the FX loss (the weak USD hurting NIO's cash balance). Basically not NIO's fault. Here's the [link](https://twitter.com/edison__yu/status/1366538414271660032) to his statement. + +The fact that NIO is ramping up production (remember that even at 7,500 this is more than their monthly deliveries in 2020); the fact that NIO has openly said they're entering Europe in H2 ([link](https://www.benzinga.com/news/21/03/19912404/nio-to-begin-exporting-evs-to-europe-in-second-half-of-2021-report)); the fact they have $6.5 billion now; the fact that production will be 12,500 from July, and 25,000 in 2022--all of these show how much of a winner NIO is, and why NIOgang will stay strong. + +But watching all the negativity, it definitely reminds me of last year around this time, before NIO went up over 1,000%. I think it could happen again. I think about it while I'm at work; and I remember that it was Reddit where I first found NIO, and NIOgang + +We've gotten fantastic news recently; don't let the haters drag us down. + +I like the stock. +Let me start by saying I invested in the pre-sale for Gimli.io. We are now deep into the ICO and the company has raised just under 50% of the soft cap. Well, it turns out, the developers have decided to half the soft cap so it will now be reached. Furthermore, they decide that any NEW investments will receive a x2 bonus on the amount of tokens you receive (completely unethical and a clear cash grab). They realize everyone is upset by this and decide to scrap the idea, but they keep the soft cap at half among other changes. They then offer to refund any investors who disagree that they should be able to half the soft cap so that they reach their goal. Today, those of us that requested a refund get a nice email stating that they will not be able to refund our ETH and that they are acting in the best interest of everyone involved. Bad decisions everywhere, a smart contract that doesn't allow for proper refunds, completely terrible interactions with investors. + +TL;DR: Developers decide to half the soft cap so they reach their target goal and do not have to refund ETH. They then offer a refund to those who are upset and then revoke that offer. DO NOT INVEST IN THIS ICO. +The most onerous tax that poorer people must pay is the payroll tax. This is a tax that no one can escape from and it has not been cut in a very long time. + +What Obama has done here is give incomes up to about $100K an additional 2% tax cut. Granted this is only for one year but, as we have seen, tax cuts once granted are hard to take away. + +Edit, adding a nice description from the AP: + +PAYROLL TAX + +The government takes 6.2 percent out of your paycheck, up to $106,800, for Social Security. That would drop to 4.2 percent in 2011, resulting in an immediate increase in take-home pay. + +If you make $50,000 a year you will pay $1,000 less. If you get paid twice a month, you will have an extra $41.67 in your paycheck starting in January. + +Anyone who makes more than $106,800 a year will receive the maximum savings of $2,136. +Saving money is the easiest part, it's making money that's fucking difficult. Poverty seems like a curse and I can't get out of it. It's a good thing I'm healthy because if I was i wouldn't be able to afford treatment for anything. My job gives me medical insurance but not dental so I'm lucky in that way. But poverty seems impossible to get out of. I'm black, female, I live below the poverty line and I was wondering what's the best way to get out of poverty without having to sell my vagina? +Did you adopt an adorable animal in the name of charity and WSB? That's great, thank you very much! But please use this mega-thread to share them! We'd like to contain the remainder so we can get back to trading on Monday. +I'm a long term bull on Ethereum and crypto in general but the way Ethereum was rising before was awesome butat the same time it was scary. It's obviously not sustainable to go up that much that fast and was really worries about a bubble as many others were. This sideways movement is consolidating the market and giving me more confidence that we are locating price and there is stability to this. Just wanted to express that sideways movement is good since some people seem to want parabolic growth everyday. +Amazon's stock, much like the digital giant itself, is an unstoppable beast. + +Shares of Amazon briefly eclipsed the $1,000 a share mark on Tuesday, giving the company a market cap of more than $477 billion. Amazon's stock has surged 33% year to date, torching the Nasdaq Composite's 15% gain. In large part, the bullishness on Amazon is being fueled by its disruption of industries from bricks-and-mortar retail to cloud computing. As it stands, that disruption could likely keep Amazon's stock red-hot for as far as the eyes could see. + +"Amazon is likely to be one of the first trillion-dollar market cap companies; it's just a question of when, not if, in our view," Barclays analyst Ross Sandler wrote recently. "The retail business has a considerable moat, and the Prime flywheel and logistics and automation are just getting going," said Sandler, who also struck a bullish tone on the prospects for Amazon's cloud computing business. Sandler has a $1,120 price target on Amazon. +I've noticed that there have been some great calls on popular coins over the last month or so (should've gotten in on XRB under $.50 when I first heard about it, but got scared off by needing to use shady exchanges). I'd love to hear what the upcoming reddit favorites might be, since a lot of those coins have solid dev teams/leadership and/or good potential tech behind them. + +Shill away! (If it's not on Binance or Bittrex you better shill hard) + +Edit: Going to bed now and when I wake up I'm buying $1K of the top comment + +Edit 2: Since I already own a bunch of XRB I'll be buying FUN today, going to look into a lot of these others as well. Thanks! + +Edit 3: Loaded up on FUN. Time to hodl and see what happens! +News is just coming in that "a wealthy individual" has been liquidated on CoinFLIX and owes the company $47m USDC. The CEO of CoinFLIX confirmed this so far, and has said they have issued a notice of default to Ver. + +[CoinFlix CEO: Roger Ver owes CoinFLEX $47 Million USDC. We have a written contract with him](https://preview.redd.it/xnkwn1hgne891.jpg?width=1646&format=pjpg&auto=webp&s=95857d8d097cdd4a37f88aaf97b07727e9319158) + +However, Roger Ver in a throwback to his days of degeneracy and racketeering immediately denied this. + +[Instead he claims CoinFLIX owes him money!](https://preview.redd.it/ybvedakvne891.jpg?width=986&format=pjpg&auto=webp&s=afe213729aa79cc63ea59813a29f20be3651c557) + +Hence the CEO of Coinflix has issued additional clarifications that Roger is lying. + +[CoinFLEX also categorically denies that we have any debts owing to him. His statement is blatantly false. It is unfortunate that Roger Ver needs to resort to such tactics in order to deflect from his liabilities and responsibilities](https://preview.redd.it/9ta16af0oe891.jpg?width=1646&format=pjpg&auto=webp&s=8642baabe57ab0591a1a55e770a31670d00e271a) + +This is some welcome back into crypto for "Bitcoin Jesus" who infamously foked BTC into BCash. + +Literally all he had to do was hold on to his early BTC, and instead he created a shitcoin BCash which is sinking badly, and now he has been liquidated longing this shitcoin. + +[FatMan says he has confirmed that the liquidation was due to Roger Ver's long BCash positions on CoinFLIX which ](https://preview.redd.it/r94l3vp8oe891.jpg?width=1306&format=pjpg&auto=webp&s=cdebd899769dac24485f8f27adf8975c6b0e1804) + +Even more incredibly, CoinFlix has turned this debt owed by Roger Ver, which is denied by Roger Ver, into another debt and have sold this debt of a debt to other users as rvUSD token promising a 20% APY on these tokens. + +This is just incredibly scammy and pathetic from every party concerned here. +There's been a couple of posts about this in the past but it needs to be said again, Computershare needs to implement a two-factor authentication system. Their Australian website already has it. There's an insane of money currently being held in these accounts, and they have one layer of protection. I understand they're running off old systems, but surely something can be done here. +Bill Gates: The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long. + +https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/dux49ll/ + +I’m trying to get a better rate on my investment property (io) loan. Called bank a few months back and asked for better rate. Am on 4.09%. They said no can do. So I approached a broker who got a good rate well under 3%. + +Docs got approved and then today retention team calls and offers .01% more than other bank + $500 cash with no change of product. + +Im tempted, but (unusually for me, maybe Im getting old) I feel like the fact they didn’t give me a “best foot forward” up front means they don’t really deserve my business. + +Thoughts? +I’m trying to get a better rate on my investment property (io) loan. Called bank a few months back and asked for better rate. Am on 4.09%. They said no can do. So I approached a broker who got a good rate well under 3%. + +Docs got approved and then today retention team calls and offers .01% more than other bank + $500 cash with no change of product. + +Im tempted, but (unusually for me, maybe Im getting old) I feel like the fact they didn’t give me a “best foot forward” up front means they don’t really deserve my business. + +Thoughts? +[https://www.youtube.com/watch?v=18r2RCVtqTg&t=63s](https://www.youtube.com/watch?v=18r2RCVtqTg&t=63s) Hey everyone! I have made an animated video of "The Intelligent Investor" by Benjamin Graham. Warren Buffett claims it is, "The best book ever written on investing." Warren Buffett was a student of Graham's, and that this book has amazing insight that can still be used today when investing in the stock market, our health, knowledge, and even friends. In this short animated review of The Intelligent Investor, I cover the main topics presented in the book such as investing vs. speculating, the role of inflation, rules about fundamental investing, and margin of safety. Enjoy! +My life hasn't been that great. My parents are both heroin addicts and stole all my fucking shit to pawn so they could get high when I was in Jr high and high school. + +One summer when I was 14 I got a summer job and my fucking dad stole over 500 from me out of my savings I had stuffed in my closet. I had to adopt my sister. + +Before my dad lost his job I had to take care of him, put him to bed, wake him up etc because he would take a mix of oxycotton and Xanax and it would make this guy a literal zombie. + +At 16 My mom asked me to help her out and baby sit her while she was high because she told me she fucked up and smoked fucking meth because she couldn't get any heroin. + +I am now a semi successful human being that has never taken any hard drugs, I make a good living in the flooring industry. My family knows I am a good dad and will try my fucking hardest to provide, protect, and be there for them. + +I have always wondered why the universe decided to fuck with my existence so much. + +Recently I decided to get into investing and opened my trading account on January 27th. I was like woah GME is going up a lot I wonder why? + +Speed things up and I'm NECK FUCKING DEEP in GME because I like the stock. This is what the universe has lead me to and I will happily fulfill the prophecy by DIAMOND FUCKING HANDING this until the time is right. I have never in my life been so sure about something before. + +This is not financial advice I run a sector of a flooring company, something any smooth brain could do. +More of a TIL: apparently the home I'm privately renting may have a strain of weed called [Japanese Knotweed](https://environetuk.com/blog/House-prices-affected-by-Japanese-knotweed) growing in the garden. + +Some horror stories have basically slashed a home's sale price in half due to the damage it can do to a property and the cost of removal. Not something I'd ever heard of when buying a home, something to keep in mind if you're getting surveys done +Back about a month ago when we made the rise to $40, then $50, everyone was cheering the flipping was happening. I made a fairly popular post about it. https://www.reddit.com/r/ethtrader/comments/61cinw/the_flippening_is_here/ + + +I've come back with more data to show that we are well into the flippening. + + +The Flippening is not necessary about Ether's rise, but more or less about how Bitcoin's market cap and value continues to decrease allowing for other Cryptocurrencies like Ether to take over and become major players. Today the global market for all currencies is currently at $32.7B USD. This is outstanding, coming up from almost $2B in over a single day, with more than half of that being Ether's price increase from $51 to $60 we are at currently in the last day. + + +Now, we have all been tracking Bitcoin prices. We're in a bit of a bubble, with Bitcoin at a ATH of $1335 on GDAX, and $1425 USDT on Bitfinex. All market indicators have shown Bitcoin to be SEVERELY overbought, with the Bitfinex / USDT bank issues being the center fold. Bitfinex has created it's own Mt. Gox like bubble with users unable to get Fiat in or out via banks to USDT, driving USDT down to current price of $0.931 USD on Kraken. Things are different now though, as users can exit and withdraw their Bitcoin to other exchanges, such as GDAX, Kraken, Gemini, etc. This is has been shown the case as many of Bitfinex cold address reserves have shown MASSIVE withdrawals over the past 2 weeks this build up has been going on. People wanting to exit buy BTC on Bitfinex, driving prices up, then transfer to other exchanges or private wallets. Some people have exited on GDAX, driving the price different for other exchanges down. What I speculate is many are sitting on their Bitcoin, waiting for the moment that everyone who wants out of Bitfinex is over, and buy pressure stops. They are waiting for the price to top out so that they can sell and take major profit. On top of this, the entire run up has been on low volume. Very unhealthy. + + +When this Bitfinex bubble pops, and people stop buying on Bitfinex.. and price starts to drop, Bitcoin's price will drop even further, reducing both it's Market Cap, and Market Cap percent to a HUGE degree. + + +Numbers: +https://coinmarketcap.com/charts/ +You can see, as of just over a month ago, March 8th for example, Bitcoin had 84.5% of the CryptoCurrency market cap. Total market cap was at about $22.7B at the time, making bitcoin at $19.2B, and all other Altcoins including Ether at $3.5B. +Since then... Ether, Altcoins, and Tokens have SURGED. Currently...even with the recent RALLY/BUBBLE of Bitcoin to $1340, Bitcoin only holds 65.1% of the Market Cap, which is $32.8B currently, making Bitcoins market cap about $21.4B currently. The entire Cryptocurrency market cap has SURGED. Bitcoin gained $2B, but Altcoins are now $11.4B to the market, Etherum is $5.3B of that combined total, and today alone has surged almost $1B. In the past month Altcoins have added $7.9B to the market cap. THIS IS INSANE and shows the days of Bitcoin dominance is over or at the least about to come to a close. All this.. and Bitcoin hasn't even burst yet. Once it spins down from it's current ATH... we will really see The Flippening©. At this rate, it will not be long until combined Altcoin totals are higher than Bitcoin. Even if Bitcoin remains at these levels, Altcoin's and Ether's pickup will still surpass it eventually, just not as soon as we would hope. + + +That my friends is my case for the Flippening^© + +Soon^© +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. +Dear fellow apes, + +Did I just eat too many crayons or did I find something fishy? Please help me! + +Oh and please forgive me, I am not native to english just native to crayons, data and tendies. + +So this morning I tried to look for daily short volumes and stumbled upon [FINRA´s data page](https://www.finra.org/finra-data/short-sale-volume-daily). + +Thinking "yummy, data, data" I downloaded all the data I could find about GME und was wondering why the heck there were three volumes for each day: + +&#x200B; + +1. NYSE Volume +2. NASDAQ Chicago Volume +3. NASDAQ Carteret (south of NYC) Volume + +Alright, so I plotted all of them in my old fucking Spreadsheet. Do you see what I saw? + +&#x200B; + +https://preview.redd.it/utpg6fid4ys61.png?width=952&format=png&auto=webp&s=398c8fd8d9dd620c03a35d167d25cd90d92c6eec + +&#x200B; + +Ok, a whole lot of data, I know. Let´s zoom in to the last days: + +&#x200B; + +https://preview.redd.it/93gjjmlm4ys61.png?width=936&format=png&auto=webp&s=5453e26e4010d5c69ea77e634d15a81a1b13de80 + +WTF?? **Looks like the price decline in the last days seems to correlate with more trades through the NASDAQ Data Center in Carteret, NJ**. (For you mathematicians out there, correlation coefficient is -0.6, so pretty hight). + +So I google what is going on in Carteret and at first only find that they are pissed of by a possible transaction tax. Alright, why again? Further googling and my mind goes Boom! + +[This article nearly fucking my apely brain.](https://www.nasdaq.com/articles/time-is-relativity%3A-what-physics-has-to-say-about-market-infrastructure-2020-04-09) + +I try to do a summary but **please, smarter ape brains, you can do a lot better in trying to find out what this all means for GME, Dark Pools and HFT fuckery.** + +It seems like the Data Center in Carteret is heavily involved in + +* High Frequency Trading +* **Uses his short physical distance to the NYSE for a time advantage of some nano seconds to capture incoming orders to manipulate buyings and sellings** + +In the last days, many much smarter apes than me found out about Dark Pools induced price manipulation. + +***Speculation:*** **It might have to do with this data center in Carteret. We need to find out more about it i think. Is Citadel involved?** + +[One slideshow of the Machine Intelligence Research Institute seems to explain how that could work.](https://intelligence.org/files/csrbai/wellman-slides.pdf) + +&#x200B; + +https://preview.redd.it/uvhmytl36ys61.png?width=951&format=png&auto=webp&s=a78ff60a7376290a7aa908ce0c1accb5b5a624e2 + +&#x200B; + +**The second interesting fact that I recognized was an enlarged short percentage via the infamous NASDAQ Data Center in Chicago (Hello Kenny, is that you???)** + +**So yes, fuckery seems to go on. I personally hold onto the stock like my wifes boyfriend to her sweet body....** + +&#x200B; + +TL;DA: ***Something fishy going on in NASDAQ Carteret Data Center.*** [Read this fucking article](https://www.nasdaq.com/articles/time-is-relativity%3A-what-physics-has-to-say-about-market-infrastructure-2020-04-09)***.*** +Some helpful information from somebody who has previously worked in Lending/Credit Risk/Credit Decisioning at two Big4 banks, and a partner who previoisly worked in a similar role at a telecommunications provider. There is a lot of misinformation floating around this sub, so let me do my best to explain from my own industry experience. Obligatory this is not financial advice and please consider your own circumstances and DYOR etc. + + +You have THREE Credit Files, one at each of the Credit Bureaus: Equifax, Experian, and illion. Generally speaking, they mostly have the same information on you however not always. From my experience, most organisations use all three to assess you for credit-worthiness. + + + + +Myths: Credit score doesn't matter. + +Truth: Credit score CAN matter. How? Most lenders will have credit decisioning platforms (technology) to scan your credit file(s) for various things: Age of file, raw credit score, number of credit enquiries, types of credit enquiries, number of unpaid defaults, number of paid defaults etc. I have personally written credit risk decisioning rules that would AUTOMATICALLY DECLINE an applicant for things such as: Raw Credit Score less than 200, or Number of Paid Defaults is greater than 2, or Number of Unpaid Defaults greater than 0, or Enquiry to a SACC (Payday Loan) lender in last 24 months... The auto-decline rules are hard-and-fast and generally a human won't even get a chance to intervene and review your application. Every lender, every bank (and on every product they offer), every telecommunications provider, every utility provider will absolutely have hard-and-fast rules written into their credit decisioning platform to auto-decline a cohort of customers who are immediately flagged as "undesirable". What those rules contain vary from business to business, and product to product. + + + + +Myth: You can pay to have defaults/enquiries removed. + +Truth: You cannot. If the enquiry is GENUINE, only time will have it removed (5 years). If it's not genuine, then you would need to prove that with whichever Credit Bureau has it listed (assumedly all three bureaus). If the default is GENUINE, you can't get it removed (the caveat to this being that in order to list the default in the first place, the bank/lender will need to have followed strict rules in communicating with you about the default. This point is where people can successfully have defaults removed - not because the default isn't genuine, but because the lender only send X number of letters and not Y number). + + + + +Myth: BNPL does / doesn't affect credit score. + +Truth: Every enquiry has an impact on your credit score, some decrease your score and some actually can increase it. For example, applying for credit cards at CBA, Citi, or Macquarie may see your score increase (if they're spaced out enough) because it shows that the credit you are seeking is from top-tier lenders. If you apply for SACCs (Payday Loans at Nimble, Cash Train, WalletWizard etc) your score may decrease because it shows that the credit you are seeking is from non-top-tier lenders. Obviously applying for either type of product many times in a short period is not a great look. On to BNPL... they may/may not affect your score, but some do make a hard enquiry (Zip definitely checks your credit file, AfterPay does not. I don't know about the other billion BNPL providers). As part of a mortgage or credit card or personal loan application, the lender will request bank statements. If on said bank statement there exists transactions (direct debit / BPay / EFT) to a BNPL provider, they will absolutely take that into consideration. And if you have a transaction to AfterPay, and Zip, and Humm, and Latitude, and whatever else exists... it paints a certain picture around how you handle your finances (and generally that is not a good picture that's being painted). + + + + +Myth: Only negative things impact credit score. + +Truth: Australia has adopted CCR - Comprehensive Credit Reporting. It's mandated across industries (finance, lending, utilities, telecommunications etc) however it takes time for companies to be able to actually do it across their customer base and takes investment in upgrading their internal systems. That said, most banks and lenders are doing this now and have been for a few years. They report on the timeliness of repayments each month, so don't miss a payment; missing a payment will stay on your credit file(s) for awhile (I believe two years). + + + +Top Tip: Start checking your credit scores. + +There are a number of companies that will allow you to check your credit score. Research WHICH BUREAU they are referring to. For example (I think these are correct, if not please comment): + +WisrCredit: Equifax and Experian +CreditSimple: illion +CreditSavvy: Experian +GetCreditScore: Equifax + +I suggest signing up to each, and checking the information each is reporting on you. In my case, my illion file has a complete record of all my enquiries, followed by Equifax, and then Experian had the least accurate data (by least accurate, I mean some enquiries were missing but all enquiries that existed were true). My partner is the opposite though; his Experian file was the most accurate, followed very closely by Equifax, and his illion file was far behind in 3rd place. This is why lenders check all three - to get the most accurate picture of your overall credit-worthiness. + + + +How can I increase my credit score(s)? + +Hard question to answer, but the short answer is you can't. Your scores are basically the probability that you will record an adverse event in the next 12 months; higher the score the less likely you will be late on a payment, or default on an agreement. Lower the score is obviously indicative of the opposite; that you WILL be late or default. Without knowing the exact algorithms in place at Equifax, Experian, or illion, we (the lending/credit industry) "know" that it is calculated of Number of Enquiries, Types of Lenders Enquired At, Age of File, Number of Adverse Events, and Types of Adverse Events. Put all of that data in a cauldron, add some eye of newt, and you get a Credit Score. + +Just waiting for enquiries to drop off isn't guaranteed to raise your score, nor paying off a credit card. Example: I paid off a CBA credit card. My equifax score went up 150 points, my Experian went down 53 points, my illion score went down 70 points. 3 months later, a credit enquiry dropped off my files (as I enquired for that particular line of credit in 2016 [5+ years]). My equifax score remained the same, my Experian score remained the same, my illion score went up 126 points. The scores across of 3 of my files range from 500 to 900. I have seen an 18y old male from Double Bay, NSW make their first ever enquiry and their equifax and experian scores were 750 each, and their illion score was 545. I've seen an 18yr old male from The Ponds, NSW do the same and they started with an equifax score of 500, an experian score of 650, and an illion score of 610. + + +It's true that you start with a good score, and then it's up to you to maintain that good score through good behaviour. + + +Hope this helps. Apologies this will of text was written on mobile so excuse formatting/spelling errors. Happy to answer any questions. +I'm planning a competition with a friend, whoever picks the worst stock wins. I've currently selected IAG (owner of British Airways), and that's done nice and poorly, but disappointingly not as much as I'd hoped. Any pointers? +I'm planning a competition with a friend, whoever picks the worst stock wins. I've currently selected IAG (owner of British Airways), and that's done nice and poorly, but disappointingly not as much as I'd hoped. Any pointers? +Years ago I saw a comment, I think in /r/news, about income inequality. The commenter complained that banks gave "a guaranteed 10% return" and special tips on penny stocks to their rich customers, which is why the rich keep getting richer and the entire system is corrupt and unfair. + +Can you top that? +Forget Apes and PFPs, an actual house was sold on OpenSea for 175k USDC. + +&#x200B; + +[Newly renovated three-bedroom home - Sold as an NFT. ](https://preview.redd.it/6cnw5r31uku91.jpg?width=1200&format=pjpg&auto=webp&s=dce5ff2b9d8d2442588a3fa27f5a0b27b1b285c0) + +Link to the listing: [https://opensea.io/assets/ethereum/0xf928d6285b8a4f9ac5a640ae598d7399c331cea7/0](https://opensea.io/assets/ethereum/0xf928d6285b8a4f9ac5a640ae598d7399c331cea7/0) + +Link to the onchain sale transaction: [https://etherscan.io/tx/0xa7b2e89bf6d5cc8e605c1cf8823e532f87790d1816f7f98df77127cc98a1021f](https://etherscan.io/tx/0xa7b2e89bf6d5cc8e605c1cf8823e532f87790d1816f7f98df77127cc98a1021f) + +The home is legally structured as an LLC that holds the title to the house. On selling the NFT, the title is legally transferred to the buyer. + +The trade was facilitated by Roofstock, an online real estate marketplace that has been in operation since 2015: [https://www.roofstock.com/](https://www.roofstock.com/) + +Recently, seeing the opportunity, they have started offering a separate onChain segment among their services, where people can buy and sell houses as NFTs. + +[https://onchain.roofstock.com/properties/0xF928d6285B8a4f9ac5A640ae598D7399C331cea7/0](https://onchain.roofstock.com/properties/0xF928d6285B8a4f9ac5A640ae598D7399C331cea7/0) +I’ve spent a good deal of time getting to grips with wheeling (CSPs, CCs, rolling etc etc) and managed to get my AAPL shares down to a cost basis of $123 down from $138 over that last month. I’m happy because I had a plan and stuck to it - even though people were pretty vocal about selling etc. + +Can anyone suggest a theta strategy that I could learn next. I’m keen to add to my knowledge and would love people’s thoughts on next steps for me. + +I have around 38k in my account and keen the learn more. + +Thanks in advance! + +Long story short i was selling an item on facebook market place for £800, a buyer contacted me and asked if he could collect and pay with bank transfer and i agreed.He came over tested it out and paid on the spot.a week after now my barclays account has been frozen due to him reporting the transaction as fraudulent.It obviously is not as he came to collect it amd left with the item.I contacted the buyer several times, he read my messaged and then decided to block me from calls and messages. What can i do in this situation? I have all the chat logs +I remember talking to my chatty dentist in 2008-2009 about his retirement. He told me that he was 80% total stock market and 20% total bond market the year he planned to retire (in 2009). + +He said he was all ready to retire when he reached his target total asset amount. He reached that amount in early 2008 but just when he was ready to pull the plug the stock market crashed and it kept dropping to eventually be 56% down. With an 80-20 portfolio, he was down about 45%. He panicked in early 2009 and sold all his stock funds and went to cash. He ended up working for another ten years. (Plans to retire next year in his late 60s) + +Is this you if the stock market has another bear market the year you plan to retire? + +--------------------------------------------- + +Added hours later: + +Regardless of where you have the money, the dentist mentioned now had 40% less money for retirement than he had before. I maintain he was no longer able to be retired/financial independent because in one short year he was way below his target needs for FI. +After a year of self directed investing, and many lessons learned, I realize that I ought to start taking notes on tickers I own or want to own to confirm or break my convictions. Probably could have been more decisive when I should have been if I forced myself to write some notes down. I started using a Google doc but I find that it's too easy to copy/paste, reducing critical thinking or retention of the knowledge. Thus I am considering switching to hand written. + +Where do you take your notes? If you hand write them, what sort of book/binder/pad works best to maintain a sense of order over time? + +A follow up if you feel like sharing. Do you have a template or formal way of note taking or do you just jot down what comes to your head as you look at earnings, balance sheets, MD&A, and listen to conf calls? +In August 2021 my workplace went into liquidation and I was suddenly unemployed. I worked as a manager on a large farm and years of drought followed by Covid proved too much and they closed up. Just a week later the missus also lost her part time job and we went from being quite comfortable to having zero income. We have bills just like everyone else, as well as 3 kids, so it was quite a stressful time. To add to it all, the redundancy I was entitled to was up in the air as the company was bankrupt and couldn’t pay their debts let alone everyone’s redundancies. + +Luckily we heeded the age old advice and had an emergency fund we could access. This meant we could breathe a lot easier and I was able to be a bit picky with what job I went into. We live in a smaller town and there are very few jobs going in my field (quality assurance within the food industry). But eventually something came along and I’m now back at work earning more than I ever have before! + +Without the E-fund I would’ve been forced to take one of the jobs I was offered that required us to move, which was something we really did not want to do. + +The other good part is that the government FEG scheme ended up paying me my redundancy so we were able to top the E-fund back up again after we almost sucked it dry. + +Has anyone else out there been forced to use up their emergency fund? +The text was removed, so here is the initial question I asked yesterday: + + +> With many notable Ethereum-based services being developed, the token actually plays a role in the service provided. Thus, demand for the service will be the baseline value for the token. These tokens are also built into the various services and governed by the rules of the code. + +> With ICN effectively being decoupled from Iconomi, and no built-in rule set that takes the human element out of things, what is the actual purpose of this token now? + +> I understood the dividend aspect (though I assumed it was baked into the actual code - my fault). That made ICN an attractive proposition. + +> However, with the dividend removed and now that Iconomi has received their start up funds, what purpose does the ICN token serve now? + +> If the company said "screw it" and went their own way, would all the investors be left holding the receipt for their startup capital, with nothing to show for it but a no-purpose token? + +> I hope I am missing something obvious. + +Here is the link to the discussion: + +https://np.reddit.com/r/ICONOMI/comments/63j3o5/so_what_actually_gives_icn_value_now/?st=j15ksoap&sh=4b6ee496 + +This thread was met with quite a bit of down vote force for most of the day, before being removed all together. + +Just wanted to pass this along, because I know a lot of folks around here have some serious money tied up in these high risk investment opportunities. + +ADDED: This post was just removed from /r/iconomi as well: +https://np.reddit.com/r/ICONOMI/comments/63n2ql/how_is_iconomi_systemically_or_legally_bound_to/?st=j15lvvo9&sh=b9e5332b +# IF YOU E-MAILED THE SEC AND ARE WORRIED, EVERYTHING IS OKAY! + +&#x200B; + +&#x200B; + +**Edit: TL;DR: Many apes e-mailed yesterday to SEC after reading a post about commenting on the rule immediately, because they did it for the greater good and they care about the people. Unfortunately, apes are worried if they were manipulated in doing so that could possibly affect the implementation of the rule and paint retail investors in a bad way. The answer is EVERYTHING IS FINE IF YOU DID THIS, from my reasonable belief.** + +&#x200B; + +I wanted to make this post for visibility and hopefully give some assurance to some of the apes that e-mailed the SEC and are worried about possibly delaying the rule because of what they did. **It is alright, and here is why:** + +**This was the letter template that many apes used to send the e-mail:** + +\----------------------------------------------------------------------------------------------------------------------------------------------- + +I am an individual retail investor and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. + +I believe this rule - if enacted- is a step in the right direction towards accountability for those who engage in the short selling/stock borrowing program. It is time for an update to the current RegSHO closeout requirements and I believe that this SLD change in process from Monthly to Daily settlement is progress. + +I would like to see this rule passed and implemented immediately. + +Lastly on this ruling, I would like to see stronger penalties enacted for non compliance and violation of this rule. + +Thank you for your time & consideration in this matter. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +People mentioned that flooding the SEC with these e-mails all of a sudden (since this was an event yesterday) could possibly delay the rule being put in place because they are required to read ALL these e-mails (a conservative number would be easily 10,000+ e-mails with the amount of apes there are), **but the SEC made it easier for themselves to read these:** + +[https:\/\/www.sec.gov\/rules\/submitcomments.htm ](https://preview.redd.it/5xk3j4rnf7s61.png?width=950&format=png&auto=webp&s=c95f1b725d75d5171fd897c0472b69f6c0b5ad98) + +Oh word, so they're saying **if there's a lot of e-mails that are identical, they take the first OG copy, and then just add up how many e-mails that were identical to that**. + +QUESTION: So how many did they receive of these e-mails (the letter template mentioned above?) + +&#x200B; + +ANSWER: **Over 9000.** + +&#x200B; + +&#x200B; + +&#x200B; + +[https:\/\/www.sec.gov\/comments\/sr-nscc-2021-801\/srnscc2021801.htm Edit 1: Trimmed the webpage for visibility](https://preview.redd.it/1djm9s79x8s61.png?width=966&format=png&auto=webp&s=b9be310e4da4641dff038160a0b7bfaf1ecdefa7) + +&#x200B; + +[Hey! That's the letter!](https://preview.redd.it/tocdm8m2g7s61.png?width=664&format=png&auto=webp&s=e44ffcb765b479f1d72d056728d27e6a28aff439) + +The SEC (so far) has read, and publicly stated that they have counted **9,332 of these letters.** + +Earlier in the morning, I remember visiting the website and not seeing these letter types on their website before. What that means is; either I was blind as hell and just missed it point-blank, or that they updated it during the day. Is this the final count or is it still updating? I don't know. I'm just a dumb ape :/ + +&#x200B; + +**Conclusion: I believe everything should be okay. Don't take my word for it. Do your own DD and research. I did mine up top and shared it with y'all. This is not any type of advice.** + +&#x200B; + +Edit: credit to u/GimmeGimmeGME + +https://preview.redd.it/im37jprvnas61.png?width=1044&format=png&auto=webp&s=a155ea5da16157183920a276c770244f962e7eda +My worst fear of real estate investing is to have a "bad" tenant who never pays and then I have to pay 5-6k dollar to evict him. + +What's your tips to avoid bad tenants? Are there any people who invest long term but never have to evict a tenant? +I am looking for some advice on developing land and building cabins. I am looking at purchasing acred and putting cabins on it. The land is undeveloped so I need to put in electric, well, and a septic syem. I am wondering if someone has ever developed land before and put these components in/on it. I am looking for advice on what to look for when developing land and the cost associated with doing so. + +Edit: I am trying to do this in western maine. + +**EDIT : So after a bunch of investigation, between some wrinkles, there has been no direct conclusion to what I found. Although the timing of the crypto transfers seems VERY suspicious and correlates with the timing of SOME dumps on GME etc, there's no real hard evidence to make any conclusions. I contacted a known "crypto investigator" and it seems that this is related to bitfinex, and its been known to make large transfers before pumps and before dumps, and has correlated with a few "MEME stocks". If anything more comes of this I will be sure to update and make another post. Futures rollover just ended and if there's another rmajor transfer out. Well ... Lol back to the drawing board and we will re assess this wallet** + + +Automod Nuked my post update on my last post. So here we are again! I will be slowly updating this post over the next hour with hyperlinks to try to avoid getting autonuked again so bare with me. + +Save your rewards you kind apes!! And thanks for the previous ones! + + + +Lots to add, so I restructured the previous post. If you have any DD or good info to add, DM me or comment and I will add it to the post. If I forgot to credit you or you want credit, reach out to me! Not trying to steal anyone's thunder! + + + +I briefly looked into the timing of these dumps with the price suppression of GME and others, even when crypto was on a tear to 60k, they dumped a massive amount of coins right on JAN 27TH! We need more wrinkles on this with time to skim over it. + + +The cherry ontop, they literally dumped coins right before the recent coin crash. Huh.., maybe its the real "REAL NOSTRADAMUS" 😂? + + +- + +#**Information we've been able to dig up so far:** + +- + + +**Wallet ID:** + +3JZq4atUahhuA9rLhXLMhhTo133J9rF97j +(Google it, every time I post a link automod nukes me) + + + +Look at the timing of the crypto dumps and GME price suppression, very suspect stuff. + +-[Imgur](https://imgur.com/gallery/nsN2beO) + + +TARMAC Crypto Transfers Post + +-[HERE](https://www.reddit.com/r/Superstonk/comments/peuiil/whale_wallet_transactions_correlated_with/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + +- + +#**Crypto Exchanges** + +- + + +**-** I'm being told this wallet has direct correlation with BitFinex - Something relating to this also here in a 2 yr old post. + +-[HERE](https://www.reddit.com/r/bitfinex/comments/9yg7m5/bitfinex_cold_wallet/) + +**-** They call it Bitfinex's 'cold wallet' + + + +**-** Linking a comment on my OP regarding a link between **A Big Chinese Real Estate Company** and **T3thr** by a smart ape. + +-[HERE](https://www.reddit.com/r/Superstonk/comments/pkw8gb/umm_so_i_found_this_crypto_wallet_that_has_a/hc6fdh1?utm_medium=android_app&utm_source=share&context=3) + + + +More on T3thr and the liquidity crisis it may soon have. + +-[HERE](https://www.reddit.com/r/CryptoCurrency/comments/pkxfbk/tether_bitfinex_and_evergrande/hc77vj8?utm_medium=android_app&utm_source=share&context=3) + + + + +- + +#**Shower Thoughts** + +- + + + +**-** Some constructive comments from my OP. +[HERE](http://imgur.com/gallery/nKoZXCh) + + +**-** It will be time consuming. But I would try to find a link to KEN G's tarmac meetings in Paris / Cayman Islands. That would be HUGE of one existed. + + +**-** There has also been some concerns about BNB token, and btfinx LEO token(yes, bitfinex owns that too), and how it somehow scathed by the recent crypto dump. And actually made gains! + + +**-** This could be nothing, could be something. Need time to draw some conclusions. Yeah there's alot of speculation here but that's where it all starts. + + +**-** There's thoughts that this wallet may just be a wallet that provides liquidity to Bitfinex's Exchange. The correlation between the price dumps semi-debunks that, or, may reinforce it, due to the fact that Bitfinex is transferring crypto to other wallets where liquidity is needed because those wallets are the ones linked to doing the dirty work against GME by someone else. + + +**-** Maybe the crutch that SHF's are leaning on is crypto. Maybe if **A large Chinese Real Estate Company** fails, T3thr fails, and crypto dumps along with SHF's ability to short the stonk? Black Swan anyone? + + +I'm speaking freely and speculatively here, but I think Someone or a Group of Someone's(possibly the exhnages themselfs working together with Someones), are using crypto in ways we may not understand yet, as a means to short the stonk(or group of stonks). Apes need to dig into this rabbit hole further untill we come to a dead end. +It appears there's still some chaotic good left in the world. Earlier today, someone or a group of individuals began using tornado cash to send ETH to known wallets of celebrities. Recipients included Donald Trump, Jimmy Fallon, Beeple, Shaq, Brian Armstrong, Randi Zuckerberg, BitBoy and many more. + +&#x200B; + +https://preview.redd.it/i6ppnxs70rg91.jpg?width=828&format=pjpg&auto=webp&s=1a9f5214310bde915513de3ba1c50bbc611ca9fc + +Basically, what this does is create a situation where "if everyone is guilty, then no one is." Either the U.S. actually imposes sanctions on innocent and "guilty" recipients, or none at all, because good luck proving someone actually intended to receive the ETH from TC. + +And yes, in all likelihood it will be easy to show you were a part of a dusting attack, but now exchanges can't simply blacklist any wallet that interacted with Tornado Cash. Wealthy groups could even use TC to take down competitors. For example, if I don't like a DAO, I can simply send it a few ETH from TC and then watch them struggle to off-ramp their treasury. + +This type of attack was pretty obvious to crypto users from the beginning, but you can be sure congress never expected this to happen. +Burner account due to financial information. Mid-fifties business owner, spouse is mid-fifties executive. Annual HHI \~$650k. NW just over $5M (most gained from equity in employers and long-term investments). No debt. We like our jobs and plan to retire in 8-10 years (we're more Financial Independence, Retire Whenever than true FIRE). We live in an MCOL city, with monthly expenses roughly $20k (we enjoy lots of travel/dining/concerts/theater, plus pay rent and some expenses for a young adult kid). We save at least $100k/year. + +We're renting a penthouse apartment (~$4k/month) but looking at $1.1M dollar house. We'd put 20% down to take advantage of low interest rates. We lived in our last, fairly modest house for about 20 years, so this is above past (psychological) comfort levels (so is our rent, if I'm being completely honest, but it's intended to be short-term). The house is likely a bit overpriced (hot market; ideally would sell for more like $950k-$1M), but we love the location and the house itself. We'd expect to live there until retirement. It checks all our boxes without being more than we need. Am I crazy for thinking this is an OK purchase? Or am I taking on needless risk? Appreciate any sound thinking you can provide. +Hi there, I’m seeking some input regarding purchasing VEQT. People here have been very helpful in the past so I thought I’d reach out. I recently received about $80,000 from my previous employer. $50,000 is being transferred to my Questrade LIRA and $30,000 to my Questrade RSP account. I have made up my mind that I’m purchasing VEQT. However, should I just buy it all at once? Or should I buy a bit at a time? + +Edit: Thank you everyone for the advice! I’m going to dump all the funds when they come in. I won’t be touching these funds until about 32 years so I’ve learned it doesn’t matter much. +I have a theory that the same subprime lending practices that essentially cause the 2008 crash are still happening, although now it’s with new and used cars rather than houses. + +The prices of new and used cars has been skyrocketing, far outpacing inflation. I myself bought a new/used car recently and was shocked at the lack of DD that went into if I was qualified. Literally it was a credit check and that was it. No income or asset verification at all. + +How is this possible with a liability like a car which literally drops AT LEAST 20% the second you drive off the lot? + +I would love to dig into these loans to see who owns/holds them and the historical, current, and trending default rates. + +I have dug around a little bit but not been able to pin this information down. + +Does anyone know how to track this down? What are your thoughts on the auto loan industry? Do my thoughts make sense or am I grasping at straws? +Where do you live? What is your home like, condo? pool? Beach? How much is home? Do you rent do you own? + +I'd really like some first hand accounts. Thanks in advance. +Heyo - I'm an American, toying with the idea of spending a year in Paris and putting my 1st grade twins in the American School there. Has anyone had experience with this and the visa process? I am semi retired and could either go through the process as someone who is working or not. Any feedback would be great, thanks! +A friend of mine posted this on her FB timeline this morning: “Our credit union just sent us an advertisement for a Vacation Loan at 8%. I'm in shock! Do people actually do that? Take a loan out for a vacation? I refuse to go into debt for derby travel nevermind a for fun just because vacation. Nope! This culture is way to debt happy. SMH” + +I didn’t know that was a thing. At all. Please, if you need a vacation, stay away from resorts. Get an Airbnb somewhere, go camping in a state park (or your yard, or whatever), find free events in your city. A vacation shouldn’t cause crippling debt. +I pledge allegiance to the flag of JP Morgan Chase, Bank of America, and Wells Fargo, and to the oligarchy for which it stands, one nation under their control, with as much liberty and justice for all as is necessary to prevent revolt. + +Don't take my word for it... [right out of the mouth of the IMF.](http://www.theatlantic.com/doc/200905/imf-advice) +Hi all, I've been primarily a stock trader for the last 20 years. Off and on, I've implemented covered calls on positions I have. I also like diagonals for theta. However, since I'm primarily a stock trader, I want to get better at identifying stocks that can yield good options premium. It seems like it is the timing that matters most. I was wondering if anyone was willing to share what strategies they use when researching stocks for the highest premium, and how to identify a good entry. Please no negativity. Thanks. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I'm wondering how many of you here have bought turnkey businesses as part of your investment strategy. What made you decide to do it? Do you recommend it? How much of your investment portfolio do these businesses make up? At what point in your wealth accumulation did you decide to buy your first business? + +Asking because I'm very interested in someday owning a business or several, but don't want to give up my day job to go run a business. Everything says you will not be as profitable buying an existing business as you would by starting your own business, but I like my job and my income and don't want to sacrifice for the gamble of starting something from scratch. +Don’t wanna give the whole long story about my trip here, but the summary is that I got extremely lucky to find something I loved doing (making videos) at a young age, got good at it and then sold that skill to the advertising market making commercials for a living. It’s all freelance work so no job security, but I had NO idea there was such income potential. For those curious I was making 485k working 7 months out of the year near the end. I was a natural saver, frugal, got lucky with an equities bull market, as well as a primary residence real estate purchase in LA (which I’ve since sold in exchange for geographical freedom). So here I am with 3MM invested at 80% VTSAX and 20% VBTLX almost entirely in taxable brokerage account. + + +Basically Im taking time off work as I’m feeling pretty burnt out. Not sure, I may even do a dramatic career shift like teaching English out here. I’ve been out here for 6 months now, learning Thai and really loving it. Just going to keep doing this til I feel like doing something else or going somewhere else. The lower cost really helps my withdrawal rate, and logically it makes sense for me to stay out here in the part of the world for 2-5 years to see how the market/recession worries play out. Anywho, for all those “Bored/depressed in FIRE” posts, let me add to the other side. I feel extremely happy. I understand the ennui and boredom cause I feel it at times but over all being FIRE is fucking awesome. If ever I feel bored, I just remind myself of all the places to go and all the things to do that I can do now that I’m here. The sense of freedom is exactly how you would imagine it and I am thankful every damn day that I got so lucky to get here. It’s so worth it!! I don’t tell anyone in real life. Not even my family or closest friends know, so it’s nice to share it with you all. + +Oh! And one tip for those who are FIRE and bored, enroll in a group class to learn something hard! I’m learning a language 5 days a week 3 hours a day and I fucking LOVE IT! Keeps me social, structures my days and stimulates my brain. + + +I posted about a month ago when my father (66) initially had his stroke. Thank you all for your input. Since he has many complications (chronic kidney disease, diabetes, high blood pressure) and is still having more strokes, it is becoming very real that he will be passing soon. We have been thankful to have my aunt and grandmother helping financially with some bills but this will not be long term. + +I understand as his child I don’t take on any debt and honestly want nothing to do with this shit. I am kinda financially secure - paid off car and credit cards last year and only have student loan debt. POA was not an option because he could never sign or speak. I will consult with a lawyer to understand things more too. I am located in Pennsylvania. + +I am trying to understand the pieces for my bipolar mother who is a stay at home mother for my whole life (27). My mother is going to be in a rude awakening soon… Her whole life depended on him. My brother (31) depended on him for everything too. Yes, these debts are a mess. He was a real estate agent who believed in not paying In property taxes, paying bare minimum on bills and living outside his means. He was verbally abused by my mother. I feel terrible for him. He made only one closing since start of this year.. I also understand these were his financial decisions I just wish he asked for help instead of hid + +Debts: + +Credit cards and collections: these are not in my moms name and I am assuming not her problem. + +High utility bills: these are not in her name and these are the big concern if they go in her name. Can they close out these accounts and open fresh in her name? She does have good credit. + +Electricity- ~$11,000 (yes this is real.) He owed $7,000 on his main house with my mom and $4,000 on the rental that my brother is living rent free. They closed the rental account(my brother open a new account in his name) in February and combined everything when I accidentally paid the rental account not the main residence online to prevent shut off. They would not separate the account for when I was trying to set up payment arrangement. They were firm that this is the last payment arrangement because he failed so many previous ones. (Throwing $100, $200 at it)They want $500 initially and $805 plus current charges for arrangement. + +Gas - ~$3,000 ($720 payment arrangement) + +Water - ~$1,000 ($350 payment arrangement/ it’s a quarterly bill) + +Property taxes - 3 properties owning thousands and thousands. I don’t have exact amount. No mortgages. + +1 property is main residence in my dad and grandmas name. + +2 properties are rentals in both their names -1 rental my brother is living in rent free. I know he needs to get kicked out. The school and municipality are suing) +-1 rental is rented out and tenant is paying rent. That one can potentially go for sheriff sale. Paralegal sent documents for unpaid county taxes and giving until May 20th to start payment arrangement + +Medical bills - pending insurance. His regular plan out of pocket max is $7,000. That is being terminated today and Medicare part A is kicking in. I am assuming this is not transferring to my mom. + +[Adding that my sister (17 now) is living with my mother. She has a job and saved up quite a bit but I don’t want her to start paying for things. + +My brother and mother hate each other too so moving them in together is not a good option. My father basically kept him out of jail. He has a huge drug and alcohol problem] + + +He has no retirement and saving. He has no will. SSI payout may be $1,070. My mom is 62 and I’m under the impression she can get his SSI until 65? + +Yes, I am living a nightmare and no I’m not ok. Yes I see a therapist. My work is extremely understanding. I have like 25 days of sick time accrued. I have a feeling I will need to take FMLA to help sort this. Thank you for reading I’m sorry this is a bit of a mess. +We know the day is coming, when the vast majority of human labor is replaced by robotic and computer automation. But for the vast majority of the human population, labor is all they have to offer the market. How will they survive this economic revolution? + +Retail work is already disappearing, instead of shopping in a store we're ordering online and someday soon we'll simply download designs and print products ourselves. The only traded goods will be the raw materials to print with, and the designs. + +What will become of the laborers? If the world remains capitalistic (I'm not advocating socialism, or capitalism for that matter) how will we earn a living when our only marketable contribution is replaced? +So here's the thing... +I am currently 18 about to turn 19 and this past year I've been taking personal finance a bit more seriously. I am a full time student but I do have a part time job as a tutor and I started saving most of my income (about 90%) to invest a part of it in a year or so (once I know enough about investing), to save up for university, and for retirement. + +The problem is that I learnt about finance on my own and come from a middle class family who doesn't have a problem with money but who never really saved up for something big either (they didn't have an IRA before a couple of years ago). My mom is always talking about the fact that I started working but I barely use my money (the first pay I had she went on about me not using it to buy her something.) I mean, don't get me wrong I do think it's important to spoil your loved ones once in a while but that's too much, right? She's also telling me I should at least use my money for myself like go to the spa get my nails done and take care of myself but I just can't afford it. Also, I feel bad waisting money on something that will not benefit me in the longer run. I know she thinks I'm cheap and I tried to explain to her that I'm just trying to look at the bigger picture but I guess she doesn't really understand me. Now I stopped answering her and I just kinda let her say whatever she wants because I dont want to fight with her. + +My dad is more understanding. Whenever i want to buy something (like books for school or when a needed a new desk) he insists on getting it for me but doesn't tell my mom he baught it for me. +Happy to add more information later as needed. Trying to keep it short. + +\*Edited to add at the top because people keep missing it\*\* + +* Originally paid via paper check because Investors Bank did not accept any other forms of payment until Feb 2020. We did indeed set up online payments directly through Investors Bank & that made matters worse. +* Cannot refinance because the condo is under very heavy construction for the next 4 months. + +Mortgage company: Investors Bank + +My credit union sends our mortgage check automatically every month 5 days before the mortgage due date. Our February payment was seemingly lost. I called on Feb 8th to ask Investors Bank why the check hadn't been cashed. They told me they haven't received it. I voiced my concern, they said to just wait until closer to Feb 15th which is when I'd be assessed a late fee. + +On Feb 14th I called again because the payment never went through. Just a few weeks ago, they had finally created a service for electronic payments so we signed up so that we could pay just in time to avoid the late fee. We worked with the customer service person to make sure that if the lost check was found, that they wouldn't cash it. I provided the date, amount, and check number. I called my credit union and paid $10 for a stop payment on the check. + +February 25th, they tried to cash the original check that was sent in late January. On February 28th, they reversed the payment and charged a $30 bounced check fee. + +I called them yesterday to remind them that we already sorted this out, they said they'd call me back about providing a refund for the $30. + +I had to call today because through the online payment service, they charged me twice for my March 1st mortgage payment. I received two confirmation emails with two payment IDs. I called the number provided on the website and was told "The online payment system is actually a third party so we can't help you. I don't have their number so I'll have to ask around and call you back." I can't log in to the online payment system either - it says my username/password combo is incorrect. When I try to reset my password, it says username doesn't exist. When I submitted a request for my username, it gave me the username I tried... The only customer service contact info they provide is for the main bank... Jesus Christ. + +While I had her on the phone I asked her if there was a follow up on the $30 reversed payment issue. She said that they rejected the request for the refund because although the customer service rep took down all of the necessary info, they would still try to cash any check that they received, no matter what. + +So 3 separate issues - 1) a lost check that was attempted to be cashed when I made an alternative payment and 2) They processed my March mortgage payment twice through their electronic payment service and 3) They have no customer service number for the online payment service which they claim is through a third party, even though it's branded as theirs with their customer service contact info. + +Are these practices in violation of any rules/regulations? Can I report this somewhere where I'll actually gain traction? I've spent probably 6 hours on the phone with the bank over the past 3 weeks trying to resolve these payment issues and I'm losing my mind because it's STILL not settled. +I thought this article was quite interesting. There's an analysis of what percentage of income Americans spend on different things (housing, transportation, food, apparel.) Apparently it's a bit of a mystery why people are saving so little. + +https://www.washingtonpost.com/blogs/post-partisan/wp/2018/05/22/why-has-the-personal-savings-rate-declined-so-dramatically/ +I'm a homeless man trying to get back on my feet after some personal choices and problems after covid lockdowns in 2020, but since then I've been recovering and I've been working as a janitor. I first opened my account when I got my first check from this job, so I have had my Wells Fargo checking account for almost 2 years now in good standing without any problems. + +Fast-forward and Well Fargo has suddenly closed by account without warning. I have my entire check direct deposited in the account and haven't ever had any overdrafts or any problems with transactions made with my card, so I was pissed off when I found out my card wouldn't work, I couldn't withdraw, and my account was closed when I visited a branch. + +After multiple phone calls due to unhelpful customer service, I get someone on the line who confirms my account was closed and told me it was based on a decision. I asked them what decision they said it was a "executive decision" made by the financing department and they were not able to give me any details. This sounds like something the rep made up but it may be Wells Fargo gave that bad reason for customer service to parrot. + +After asking more questions I found out my bank was not entirely closed yet, so I asked if I could go by a branch and just withdraw the money I had in my account, a measly $23 but I need it to keep my phone on. I was told that they couldn't allow that because "they were not permitted to" and when I asked to speak to someone else the rep refused and said they will disconnect the call. I asked him to get me someone else again, and he thanked me and hung up the phone. Class act. + +So what I want to know is, is there a corporate number I can call? Because the alternative to not being able to withdraw my money is to wait for the account to close, then afterwards wait to be mailed a check which I've been told can take between 2 to 3 weeks! + +**Is there a way to for me to get my money** ***out*** **of Wells Fargo** or am I just screwed and won't have a phone for 2 weeks? What's most frustrating is that I still don't know the real reason why my account was closed. +Every time I look at percentage gains of EOS I secretly want them to fail vs ether because they kicked the legs out of ETH to momentary get ahead. They aren't the only ones. It's pure emotion. Anyone else feel bitter about other alt coins? +The Dow Jones Industrial Average headed for its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst fears over rising inflation and rekindling the brutal 2022 sell-off. + +The Dow shed 1,255 points, or 3.8%, or the average’s biggest decline since October 2020. The S&P 500 traded 4.3% lower, the biggest drop since June 2020. The Nasdaq Composite slipped 4.9%, the largest fall in the tech-heavy index since May 5. The selling was broad and intense on Wall Street with just 13 members of the S&P 500 in the green. + +Markets returned to heavy selling after two back-to-back quarterly reports from Target and Walmart stoked investor fears of rising inflation. It’s the fifth Dow decline of more than 800 points this year, which all occurred as the stock sell-off intensified within the last one month, according to FactSet data. + +“It’s clear that transportation costs matter and they’re impacting [some of] the largest companies,” said Kim Forrest, founder of Bokeh Capital. “So I think investors are scratching our heads going, ‘so, who’s next?’ And they’re giving visibility into what’s happening with the consumer.” + +Target shares tumbled more than 27% Wednesday after the retailer reported first-quarter earnings that were much lower than Wall Street estimated because of higher costs for fuel and compensation. The retailer also saw lower-than-expected sales for discretionary merchandise like TVs. + +The retailer’s report comes right after Walmart on Tuesday posted earnings that fell short of expectations as it too cited higher fuel and labor costs. Walmart shares ended Tuesday lower by 11%. They were down another 7% on Wednesday. + +“The consumer is challenged,” said Megan Horneman, chief investment officer at Verdence Capital Advisors. “We started to see at the end of the year that consumers were turning to credit cards to pay for the rise in food prices, rise in energy prices, and that’s actually gotten much worse. ... This is going to hurt those bellwether retail places and Walmart tends to be one of them.” +I found a lot of useful advice on asset allocation in Europe already. + +One question I have is what to do with cash savings, eg for short horizons, emergency funds, planned large investments coming 1-2 years, etc. Also I still don’t feel comfortable going all-in now on my target bond allocation with low&rising interest rates, so I have a relatively higher share of cash currently than my target. + +I managed to find 0% accounts to store my cash. One example being Interactive Brokers (50k for EUR and unlimited if willing to also have USD). + +What other options do you use? Did you find reliable EU CDs, TIPS, other options that suite this purpose? Most of what I found is US oriented so not relevant/ideal for me. +I'm an university student and I have a little money that I currently don't use for anything. Is it worth investing $1000 or less? If yes, how and where? + +Edit: Some more info about my situation: + +My monthly income is greater than my monthly expenses. My income consist of renting out a room, student loan with basically 0% interest and a little money from scholarship. I already have an emergency fund I feel safe with. I'd like to do something with the extra I get every month. Would it be a good idea to invest in eg. Mintos loans? I am also looking into index funds, is it possible/worthwile to get in with small amounts? + +Edit: university, not college. English is not my native language as you can see:D +Due to the current financial situation, the privately owned company I work for is not doing too good. Instead of making people redundant, the company is planning to make some cuts in salaries. However instead of working less hours, we are still expected to work 40hrs a week but receive about half our salary. Can they legally do this? If I have a binding contract that stipulates exactly how I should be getting paid, I don't see how they can suddenly pay me half of what I am owed. Thank you for your help. + +Company is Europe based and in the technology industry. +Hello, + +I am living in Portugal and work as a Software Engineer remotely for a tech company on Utrecht. My wife is a new QA Tester on a tech company in Portugal (only eight months of experience) + +I make enough money to live in Portugal (3.6k Gross and 1.9K net), however my wife doesn't (only the minimum salary for Portugal 600 euros), she doesn't have an IT degree background, so we are accepting that for now. + +We are planning to move from Portugal for this and other reasons, and our choice is between Edinburgh, Scotland or Utrecht, Netherlands. + +I would like to hear the experience from you guys about being financially independent in these countries. What should I expect? + +My big goal is to have 1 million euros and my small one is first to get 250k euros. + +We don't spend a lot of money, and we invest every month and probably our emergency fund will be spent on this moving planning. +Hello, so let me start. I have some questions about investing.. I Never invested in anything. + +So I saved some money (not much like 2000-3000€) that I would like to invest in something. I am looking more for long term investing than short term. I dont want to spend these money on stupid things and would rather invest it in something "safer" for long term. Also I dont want these money to sit in my bank account because they are losing value with inflation. Now my questions: + +Keep in mind english is not my first language so there may be few mistakes. + +&#x200B; + +1. I have problem selecting investing platform/app. Also lets say that I will have money invested on some big platform like etoro, degiro or any other... What happens when these companies will go suddenly bankrupt? What will happen to my money? Will they be gone? I read something like these companies have separate bank account with clients money but is it really safe anyway? Lets say these companies will go full bankrupt how I will get to my money ? Who will I call to get to my money when their customer support will be gone? This might be noob questions but I really dont know. Also since I am looking to invest for long term (10 years+) can I really be sure that these platforms/apps will be there in the next 10+ years? I mean nobody knows answer to this but I just want to hear your opinion. +2. As an european is it better to have money in some european platform/app rather than for example american platform/app? For example if european platform/app goes bankrupt I will have bigger chance getting my money back because maybe I will be able to contact some european administrative? Does this even matter or not? I see that lot of EU people invest with Etoro which is based in Israel. What will happen when Etoro will go bankrupt do you contact some kind of Israel administrative to get your money back? Or what about these investing apps based in tax-free countries like Cyprus etc... are they really safe? +3. Also is it possible to invest (as an european) into american stocks, ETFs. Like S&P 500 ? Or will you be able to buy american stocks like Apple or Amazon or Tesla etc without any problem? Or are you limited as european to only buy european stocks and ETFs ? In some threads I read that as a european you cant buy S&P 500 because it does not have some kind of EU documentation or something. Is this true? +4. Also I would rather like to DCA than invest all in one time. What platform is best for this? Since I will be investing for example small amount every month I would like to have no fees or very minimal fees. +5. What other advices can you give me ? I will be glad to hear your opinions. + +&#x200B; + +I might edit this thread If I will have new questions.. +I love the concept of passively investing spare change from everyday transactions. Why isn't it available in Europe? Is it because of regulations or something else? + +I've tried searching quite a lot and have only found an Estonian bank 'LHV' have something like this - but I think its only available if you're below 25. + +Edit: I'm in Denmark, and only Revolut seems to be the closest thing available here. Any other services / apps available in Europe? +Pretty straight forward, if I were to hypothetically work half a year in one country and the other half in another, in which one should I be filing my taxes? Do I have to file all of them in one country, or do I have to file taxes from different jobs in each country respectively? How does it all work if you worked in more than two countries? Sorry if it’s a stupid question, I just couldn’t find much info online. +Good morning apes! + +Some information popped up last night I felt compelled to address, regarding $200 dollar puts being opened deep in the money. + +These are absolutely not a bullish bet, or an attempt to get puts out ahead of a large price movement to the upside. + +These are -.90+ Δ strikes being purchased and possibly exercised to suppress upside price action in the near term. Nobody would buy deep ITM puts to price in an upside move while their highly expensive ITM contracts lost tons of value. + +There is some indication that the further out puts in April/May/June are being placed to set up a Negative gamma position to dodge a near-term upside move by going long theta. But that's an entirely different rabbit hole. + +What we did see yesterday per u/Turdfurg23's data is long positions are moving in, heavily + +[5 day OI trend](https://preview.redd.it/xbcpgk3ongb81.png?width=1626&format=png&auto=webp&s=e4aec98fc1ba337e51e5e63223d16ae3a60eed72) + +Along with IV skew moving bullish it is getting harder and harder to maintain these lower price points. Shown buy the massive number of deep ITM puts bought near the end of the day yesterday. + +[ ](https://preview.redd.it/u8jfop1oogb81.png?width=2461&format=png&auto=webp&s=61934852650f5e3f44e57eed98eeb9615c8d191b) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +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 + +A little movement into close and having some issues with reddit outage of some sort. Massive push by the short side today and the market being down. The may 20 puts still continue to look bearish to me as we trade significantly below max pain for the day. However call OI has continued to pick up. Thank you guys so much for tuning in and I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/ckvs91b3vib81.png?width=882&format=png&auto=webp&s=cf4ffead61b2ce56c0db9d32ec25e3674929a8b6 + +https://preview.redd.it/zgnuz506vib81.png?width=688&format=png&auto=webp&s=f7530bd1eee46613361504bb0f752ab6c6fd4ef6 + +Edit 5 2:02 + +Bullish reversal volume isn't strong but it's consistent. + +https://preview.redd.it/sk8n0n3l6ib81.png?width=1568&format=png&auto=webp&s=699716d2fd7c021e14bb1ab2524d4db9f5446525 + +Edit 4 12:57 + +Big slide with the overall market falling through support and finding a little bit of traction at 125. + +https://preview.redd.it/j8tmyi34vhb81.png?width=1568&format=png&auto=webp&s=f17a170102599bb944cd3c2b6933c12f79524a46 + +Edit 3 11:16 + +Failed the upside breakout and found support in a narrower range, just consolidating. + +https://preview.redd.it/eznk98svchb81.png?width=1573&format=png&auto=webp&s=275c59fa711f21538772642a42d74a5f0ace3f9f + +Edit 2 11:03 + +Pushing back up through VWAP maybe going for another test of $130 + +https://preview.redd.it/if13jp9nahb81.png?width=1571&format=png&auto=webp&s=d249c967f287bb98158b5196b44fae45175b4e72 + +Edit 1 10:10 + +Bounced of the morning short from those borrowed shares as the struggle for the short side top maintain $130 dollars continues. The current trend doesn't look particularly strong for a re-test in the short term. Maintaining VWAP is bullish. + +https://preview.redd.it/d7ylefbk1hb81.png?width=1576&format=png&auto=webp&s=57bb9dd447b64088728042b7c7f4319c9249a713 + +# Pre-Market Analysis + +Another consistent and slightly volatile uptrend in pre-market today with pre-market volume falling off a cliff. If they do start to apply buy pressure they would probably prefer to not spike IV and would attempt to do so on as low volume as possible. + +Volume: 5.07k + +Max Pain: 135 + +Shares to Borrow: + +IBKR - 25,000 @ 0.8% + +Fidelity - 123,296 @ 0.75% + +[GME pre-market 1m](https://preview.redd.it/7wgbz08cqgb81.png?width=1575&format=png&auto=webp&s=0fdb0cefc3c72565782862fd127e48d5f98bebca) + +CV\_VWAP + +[Normalizing after the signal spike the other day](https://preview.redd.it/p7wtb34nqgb81.png?width=2449&format=png&auto=webp&s=c78e2fe401fc8e64156b846a06ced346acab3042) + +TTM Squeeze + +9 fire signals + +https://preview.redd.it/j4nxzibuqgb81.png?width=2457&format=png&auto=webp&s=d8fcbd81892ff25778f47569d79496ef8e5c7e83 + +MM FTDs are from + +[Net short](https://preview.redd.it/j0y71qz5rgb81.png?width=190&format=png&auto=webp&s=833176cce139b5ea18cc2244382562d584e2667e) + +ETF FTDs from + +[net short](https://preview.redd.it/jk3gpg4jrgb81.png?width=174&format=png&auto=webp&s=d8e7792d7fb09bebbbc14c408b2dfa5b9b15d312) + +https://preview.redd.it/t99ojnsvpgb81.png?width=2493&format=png&auto=webp&s=3d3845557e8a418e54c5ae56386f39726a5c2f82 + +**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.* +A month ago, I noticed a 3k Paypal charge that had just hit my checking account that morning. I called the bank to report this as fraudulent. It was still in a pending status at the time. I went to the branch later that day to close that account. (Seems like the charge was done from stolen account number/routing info.) They stated they couldn't stop the pending charge, and the account would close once the charge was complete. I had them provide me a print out of the account activity over the previous year before leaving. + +Upon reading through my statement, I noticed very small dollar charges that had happened through Paypal 4 months earlier. I decided these were minor and was not going to report. + +After a week went by with no information, I stopped into the Bank to get more information. I was still waiting on forms to sign in the mail. They decided they'd just print out the forms at the branch and just let me sign there. Upon doing so, I mentioned that I had seen a few charges from a few months earlier, that I was not interested in claiming. Instantly the banker urged me to claim them. The banker stated why not get all my money back. After him pushing me to do so, I added those small amounts to my claim. I signed the forms and left the bank. + +A week later I was sent a form stating that the bank decided they were not going to reimburse me for the 3k, because the charge happened over 60 days after the initial dollar charges were discovered on my account. They claim this rule was stated to me on the phone when I first called. (I still refute this). Also, a Bank Representative encouraged me to claim those older funds a mere week later, after not including them in my initial claim. (Shady much?) A week after receiving that letter, I was credited with the amount stolen back to my account. I had shortly there after received a letter stating that the bank had made a mistake when processing a check at the ATM and they are crediting my account for the difference. (the missing $3k) + +So now I have the money, even though they already sent me something stating they would not be able to reimburse me. Also the forms stating their mistakes, were not tied to any claim number, so I thought it was the banks way to reimburse me the money outside the claim. (foolishly thought someone existed there with a good heart??) + +Fast forward 2 weeks, and boom the money is removed from my account. I check my mail, and I received a letter that day posted a week earlier, stating again my charge fell outside the 60 day period so they denied the claim and would reclaim the refund. + +So now I'm pissed and I look into my other options. How could the Bank claim they told me the rule, yet also actively encourage me to claim the older smaller charges, that I had stated I was not interested in claiming. So I decide to call Paypal.... + +.... and I find out that the 3k Charge was stopped and actually **never completed**. Paypal never transferred the money from my account to the thief!!! Yet the money was still successfully withdrawn from my account!! + +So the thief doesn't have my money, Paypal doesn't have my money, or do I. The only party left is the **bank**!! + +My case is currently in appeal, and I have yet to drop that newly discovered bombshell on them.(Waiting on a phone call from their executive claims department). + +Do you think I have a good chance to get my money back? How can the bank legally keep my money that actually never should have left my account!? + + +**Edit 1** - The charge had not happened on my PayPal account. Someone stole my bank information and used it on their PayPal account. Sorry I was unclear in my original post. + +**Edit 2** - Another thing I wanted to clear up from my original post.. For all those saying why not report those smaller charges immediately!.. I did once I saw them! I just was hesitant too, because at the time I was just focused on getting the larger amount back. I didn't discover them until they printed out my yearly statements and I was able to comb through them. (I no longer could online due to account closure.) So I'm sorry to disappoint everyone who is yelling at me for sitting on them for 3 months. Bc that was not in the chain of events! Otherwise, I appreciate the solid advice I am getting here, and hope to have an update soon! + +- +- +**TLDR**: Noticed $3k Fraudlent Pending charge. Notified Bank. Closed Account due to account info stolen. Transferred available funds to new account. Bank claims wont reimburse me due to small $1 fraudulent charges more than 60 days prior to new charge(that I didn't see until after the $3k charge and reported within 24 hours). I end up calling Paypal, and they said the big $3k charge was stopped(not my Paypal account, but thiefs). Money was still withdrawn from bank account though. Bank has my unstolen money instead of me... +My Wells Fargo banker just called me to let me know I've been approved for my first house. The underwriters used my Coinbase transaction history as proof of assets. He says its the first time they had every used it for an approval. +If this is a dead cat, she sure is bouncing like she sucked on a tank of helium first, especially in the hardest hit industries. + +$EAT up 39% +$BLMN up 39% +$AAL up 34% + +Even $CCL is up 21% + +$TSLA is up 16% today and 31% on the week +I'm asking in Fatfire because this crowd is likely in the same situation of high enough income and/or net worth that our future college students are probably not going to get any aid. + +Do you plan to cover the entire amount or is there any possibility of aid? How do you figure out how much you need? + +The calculator at [https://vanguard.wealthmsi.com/csp.php#](https://vanguard.wealthmsi.com/csp.php#) suggests a private school like Duke will cost $750k in 18 years, and a state school like NCSU will cost $200k. + +Do the high earners/NW among you plan to cover the entire bill of a state school? Of a private school? Most calculators default to only covering half, figuring they'll get scholarships + aid for the rest, but how likely is that? + +&#x200B; + +Edit: For some reason my main question/point didn't get across. I'm not asking whether a fatfire should force their kids to take out loans so much as whether a fatfire should assume no aid for their kids, and whether they should plan to fund a 529 that covers a state school, falling short of private, or a private school, and it's overfunded. Also trying to figure out figures to use in the calculation for school price inflation and 529 return rate. +Hello, + +Noob here. Wondering if should open a crypto account with WS. What are the pros/cons? + +Sorry if this has been discussed in length somewhere. Would be happy to be re-directed. + +Cheers! +I'm too afraid to invest more than 100$. And since the cost of living in my country is very low, 10$ a day seriously more than enough to cover my life. +Mark was early, too early. Meta should have remained an internal project + + +Instead, he took a risk and took the company in the new direction with the greatest deal of publicity. Changing their ticker, name, mission. All on display for the world to see, as if to say, look at me, look at us, place your eyes on our newfound identity. + + +It's very fitting, for the de facto social media industry leader to take this approach. Very fitting, for a once young and innovative Mark Zuckerberg to want to matter again, after years of declining market share and increased competition. + + +The issue is one that is shared among the modern investing world. One driven by jargon and VC capital endlessly pouring into the "next big thing". One where appearance matters much more than actual substance. You might even say this is reflective of society at large, perhaps even one where Zuckerberg helped mold. The issue lies in the fact that we live in a world where simply changing your name to include a buzzy new catchword such as crypto, NFT, or Metaverse can increase your company's valuation multiple times without changing much else. + + +But for how long? Eventually when the music stops and the madness of discretionless investing is over, when the cost of capital has tripled, quadrupled, will your firm truly stand the test of valuation? Time to get back down to brass tacks. +Yes, the market will recover: that’s a fact. + +However, it can take a long time to recover. The nasdaq took over a decade to recover in some instances. + +I understand the sentiment of “hold and even buy more when they start to go down” but if you are in your 60s and want to retire soon and can’t wait a decade and see your portfolio get smashed for years I think it’s understandable to go cash + +But if you are young, ride this out. + +Just please consider that there’s no all advice fits all here. Some of us are older then others. I’m young but if my dad was considering going mostly cash at his age of 67 I would understand. What if the market doesn’t recover until he’s in his mid 70s? +So I’m recently 14-15mm nw, and I find it really hard justifying buying things that I might like. For instance I’ve always wanted a Rolex but I find it hard to pull the trigger to spend 20k on a watch. Same thing with a car. I have an old vw and I think about buying a new car. Like something 150k and I constantly pander about it. I did buy a nice house for a little over a million dollars and like 100k in furniture but I really saw the house as an investment. + +What’s nuts is I was always reckless with money. Now I find myself really analyzing how I spend. + +Any others go through this? +I want to resign from my job which requires insane hours and travel, because I have no time to see my baby son and we want at least one more kid. I missed his early birth because I was traveling for work and couldn't make it, by a few hours. My wife (teacher) has resigned to raise kids, at least until they are school aged. My solo earnings are into 6 figures (work for international law firm). + +We have no debt. Our house and nice property (15 acres) are completely paid off, but for that we have now about 100k in checking/saving/investment funds and about 60k in other retirement funds. We made the choice to not have a mortgage because having a home and solid foundation for the family was important (criticize whatever, I really wanted "F you" comfort if my job ever got so bad). Home is in the countryside with land value going up, in a very good public school district. We have one good mom-car (4 doors), dad-car is a good two seater (pre-baby buy), no debt on these either. Oh we are also simple folks that don't spend anything and enjoy our time together. We don't drink, go out, etc. Free time is spent together doing oddball stuff like hiking, mostly free. + +&#x200B; + +So my question is, how irresponsible is it to step down at my role in 6 months, after xmas/new year? Take a job that pays ok but lets me be home everyday, not answer emails 24/7, and actually be a dad (my clients are across the globe so I literally have calls and work all night sometime). We have agreed that with the extra time I can garden and do some extra stuff to save money that I can't do now, just for my limited time availability. And also put in some sweat equity in our home and property. This I guess is like the ultimate retirement work, since we never plan to move. + +&#x200B; + +I think this stepping down is ok because we have a nest egg and even with a lesser paying job, we will still be saving, just not like now and not like before when we had two incomes. + +&#x200B; + +So that's it. Reduce our family income to \~55-60k/year until wife goes back to work then 55k + teacher salary. Or keep slogging because it is more financially rewarding? I know what I want but is this just financially irresponsible? I feel like I should earn as much as I can. But I don't actually think this is an appropriate reflection of my values. + +&#x200B; + +Thank you! + +Edit: punctuation. And additional info, didn't want to give out too much info but my family has a college fund started. I am not concerned about college costs in making this decision. +Happy Weekend everyone, I was recently re-reading a chapter of a book by The Stig(litz) and thought it could offer some interesting reading for the people here. For those interested, this is from Chapter 3 of People, Power & Profits by Joseph Stiglitz. + +Typically in this sub, we look at the economy and finance (or investing/gambing) in much the same light. However, sometimes what is good for investors is bad for the economy. This creates an interesting conflict which if reflected on may change your investment decisions. + +With the intro out of the way, the core concept I will be talking about is economic moats, rentiers and market power. + +##Competive Markets + +Historically, we have looked at markets under a 'competitive model' in which a myriad of firms all competed for our business. In order to stay profitable, businesses would always have to innovate, provide better service or cut costs in order to compete. If a firm cannot even ask for a small amount above the 'going price' then the market is in perfect competition. However, this isn't really how the market works, especially today. + +So why don't markets work like this? Because the firms in them don't want to be competitive! A less competitive market means a firm has more **pricing power**. If a firm has more pricing power, it can charge more for its products and services and then rake in more profit. Less competition means more tendies. Here is Warren the Buff Man explaining this: + +"The single most important decision in evaluating a business is pricing power. If you've got the power to raise prices without losing business to a competitor, you've got a very good business. If you've got a good enough business, if you have a monopoly newspaper or if you have a network television station, your idiot nephew could run it." + +## Economic Moats + +One such way to get pricing power is by having an entry barrier to the market, what Buffet calls an economic moat. + +"[We] think in terms of that moat and the ability to keep its width and its impossibility of being crossed. We tell our manager we want the moat widened every year." + +This is where I want to begin pointing out a difference between what is good for the wider economy and what is good for investors. An economic moat is **bad** for the economy. It results in a less efficient economy as it hurts competition. However, it is very good for investors who can use their pricing power to generate profits. + +Businesses who have an economic moat would rather invest in expanding that moat (as seen in the quote above) then actually creating a better product or service, even if that is a byproduct of their actions. + + +---- + +## Exploiting Market Power + + +So, when a firm has market power they can do a whole bunch of stuff which earns them more profits. + +We see above that they can just raise prices. However, it extends beyond this to be more subtle. They can use opaque pricing structures, they can engage in predatory lending (finance) and market manipulation. A important note here is that *market power also gives a firm political power*. This is really important. With political power firms can use their influence to pass laws that benefit them. So, they might get overpaid for services sold to the government (health & defence) or they may underpay for natural resources (mining, remember the campaign agaisnt the superprofits tax). + +Using that political power to expand their economic moat or profit off political influence means that firms are not creating wealth and adding to the national pie. They are taking wealth. They are using funds that could have been put towards innovating new products to enrich themselves at the expense of the wider economy. + +This is why markets are shaped by public policy and most are far from competitive. + +## Economic Rents + +We can think of the national pie as being divided into labour income, return to capital and everything else. According to Stiglitz, most of the rest are "rents." If there is anyone here who has moved out of their mother's basement, they will probably be familiar with the obvious example of land rents. However, rents also encompasses natural resources, monopoly profits and returns to intellectual property (IP) through copyrights and patents. + +So, what is the big difference between income from rents and income from labour? Income from labour increases the size of the national pie, income from rents does not. In perfect markets, they will get as a return to their increased efforts just what they have added to the national pie. By contrast, the owner of a rent-producing asset gets paid simply because they own the asset. In the case of land, the supply of land is fixed, nothing he does by extracting rent from it adds to the national pie but he can still charge large rents. The same thing happens for monopoly. The monopolist takes more monopoly profits as their market power increases. They can then do dodgy shit like limit production to extract even more profit. + +So at best rents are unhelpful to growth and efficiency. At worst, they harm it. They can crowd out good economic activity that actually creates wealth. When firms or people pursuit rent income, they are *rent-seeking.* So, if a person sees rent-seeking activities increasing then they should be worried. Stiglitz believes that is what is happening in the American economy today (2018 book). + +---- + +Stiglitz goes into the measurement of share of capital, labour and some other measurements here that I won't go into to determine how much rent wealth is in the economy. He shows more evidence of why he believes the modern economy is becoming more and more rent driven. + +## Some Examples + +One example of this is Microsoft. In the 90s there were the internet browser wars where many browsers would compete for customers. At the time, Netscape was a large and bold innovator. Microsoft was scared that the company may hurt their monopoly so they tried to drive them out. It developed Internet Explorer and used its market power to auto-install it on Windows. It then started creating doubt on whether Netscape would even work on Windows, or that it could hurt the functioning of their computers. MSFT successfully drove out Netscape. + +These practices got banned on three continents however it was already too late. + +---- + +Patents are a temporary barrier to entry that are very effective. Many modern innovations are very reliant on patents in order to work. As such, only large firms have the power to do the research on existing patents and do deals with other firms who hold patents they need. New entrants do not have this luxury. + +If we look at patent infringement lawsuits, we see huge lawsuits between large firms. This is an example of how millions of dollars is being wasted on attempting to secure rents. Those lawyer fees could have gone to making a new product. + +---- + +## How does this relate to my shitty stock damnit?? + +When purchasing a stock you should look at any potential moats in the industry. Something like aviation or telcos are notoriously difficult to enter. You should also look at whether your business has an economic moat. If it does, then it has a much better chance of surviving. + +More broadly, look at how a firms market power affects the wider economy. As mentioned earlier, many markets are shaped by politics very heavily. At the moment we can see how big tech is under fire in the US and may get zapped with some antitrust laws. At the end of the day it is consumers and the economy who get fucked by these practices and you may see a political response that decimates your investment, especially if it abuses rents. + +This is a big conflict between economics and investors and the result of that conflict will likely have an impact on your holdings. +Righto boys, it’s time to bring Archer’s glory and gains to the people of asxbets subreddit. And to continue my constant (allegedly shameful) public adoration of the CEO Dr Mo. Ditch the candle stocks and come look at some real shit. + +Archer Materials (née Exploration) is a deep tech stock with a range of verticals, with its key projects being the 12CQ Quantum Computing room-temperature chip, and the A1 “Lab on a chip” Biosensor. It’s history is in exploration and mining although it has been moving away from that to focus on tech. Suffice to say it has the building blocks of any good ASX penny punt all in one place; tech, biotech, and mining. I’m not going to get too into the weeds with the technological advantages of AXE's tech, partially because it’s pretty heavy and partially because I’m not here pretending to be an expert on QC or biotech. But let me spell it out for you. + +First let’s get the big one of out the way; room temperature quantum computing (QC). If you know the basics of QC, feel free to skip ahead. If not, savour Tech Daddy MC explaining in [this video](https://www.youtube.com/watch?v=-at2m6UxiR0) from IBM, with whom Archer is partnered via its Quantum network: + +[I mean, i prefer beard-era Dr Mo, but still, hi](https://preview.redd.it/89itnm03dea71.jpg?width=964&format=pjpg&auto=webp&s=dfb9f236c559771f8ca6c7a47fb978be908562ff) + +Quantum computers do already exist, but they need serious infrastructure to create the cryogenic temperatures for completing computations, which is in the realm of a dozen millikelvin, ie literally colder than outer space. Here's a quick google image result of a traditional one; + +[Seriously, look at this fucking thing](https://preview.redd.it/x9upxqw6dea71.png?width=640&format=png&auto=webp&s=03d65daa4e24d198804f91896d76f4876c681a0c) + +Sure, you can use the existing quantum computers like a service - send a problem to an available QC like that one and get it to spit you out an answer - but that’s not going to be widespread enough to utilise this tech to it’s full revolutionary potential. There needs to be universal availability. So the race is on to create a more commercially and technically accessible quantum computer and get it in the hands and devices of the end user. Few have claimed to be doing this, but in the fine print you’ll find that only *some* of the components are at room temperature, and others require cooling, which doesn’t help reduce the heft of a device. Enter AXE. + +AXE's 12CQ in-development chip is fully room temperature, and the qubit is a few hundred *atoms* wide. Now, before the tech nerds come rushing at me for comparing a qubit (single element of a quantum chip, which in turn is a single element of a computer) with a full computer setup, yeah, ok, I know. The production of the final device in its entirety is still a pipe dream, but Rome wasn’t built in a day and the next generation of computers won’t be either. Consistent, focused progress towards the commercial chip goal is what is needed and Archer delivers. They share a steady stream of updates on the tech and on the patent process. Recently the first patent was granted by the Japanese Patent office. Yep that’s right - it’s starting to get patents approved. Truly remarkable stuff. Hell even the military wants a piece and they’ve recently agreed to collaborate with the Australian Missile Corporation to support the government’s defence goals. + +There is no other opportunity on the ASX to get into this space, and not a handful internationally that are as advanced as Archer. There is of course a risk that AXE is beaten to the punch, but with their novel approach I find it more likely they will be *alongside* the teams declaring quantum breakthroughs with its unique utilisation. The end product may or may not be a fully working product but their strategic partnerships will allow them to develop the tech up to their potential and then leverage their partners’ strengths to make it a saleable good. + +Is that not enough? Let’s talk about the A1 biosensing lab-on-a-chip. The A1 chip uses ultra thin graphene for use as a multi-disease rapid-detection biosensor. This tool essentially miniaturised existing lab tests and utilises on-chip microfluidic channels for sorting, handling and analysing liquids and gas all on a chip only a few millimeters big. Unfathomable for the average punter. The miniaturisation is a difficult technical challenge but represents a significant decrease in time to provide diagnostic testing occurring at the point-of-care. The biochip is being developed in-house with industry partners, in a move to speed up the time to commercialisation. The hiring of Dr Rebecca Soffe also highlights Archer’s knack for hiring brilliant people and setting them to work on commercially-explosive deep tech in their area of expertise. + +Still not enough? How about a history as a penny miner? Anyone familiar with the penny stock lay of the land will need no further explanation than the list of tenements and commodities below: + +&#x200B; + +[From the 2020 Annual Report](https://preview.redd.it/amthg0t9dea71.png?width=1284&format=png&auto=webp&s=af26082b99ca74b4ce188d42578fcb840d6d2503) + +For the uninitiated, what we see here is not only a tonne of classic Aussie mining goods, but other more niche stuff too. Kaolin and Halloysite naturally observed at the Eyre Peninsula tenements (sold to NextGen) are high-value materials for deep tech applications. + +The tenements (held in 3 fully owned Archer subsidiaries) have all been sold off to iTech, NextGen and Baudin, But of course they didn’t just *sell* the tenements, they’ve got shares in the purchaser and royalties to come. Some of these shares, namely the iTech shares, they passed directly on to the shareholders like the good guys they are. *All of them*. 50 million iTech shares, slated to be listed on the ASX for 20c a pop in September, with one iTech share being awarded for every 4.6 AXE shares. So you can tack 4.3c straight onto your AXE valuation. Nice. Meanwhile, Archer is retaining all the NextGen sales revenue and drawing a 2% smelter return, aka royalty, from its eventual production. So while it’s no longer an explorer, it stands to profit from the work and diligence it had in the space for years to come, and to give AXE holders free exposure into further exploration or development of its prior tenements. + +Financially, AXE is robust for a penny. No cash flow to date, but solid management of the funds they do have through clever partnerships and cap raising. The latest newsletter had its cash in bank at $6.6M, which will only be boosted by the final sales of the mining tenements. These guys have done 2 cap raises in the last few years; one at 18c and one at 60c. A buyer of either of these is laughing at the current $1 share price. There’s no whispers of another one on the horizon and with a quarterly spend of \~$0.5M, that leaves 11 quarters funded (according to the 2021 March Q1 report). What other penny can boast such a runway? + +And speaking of boasting, how does the performance look? + +Sitting at a cool market cap of $222M, this baby has a tonne of room to grow for a long term holder. It’s grown from 8c in 2019, to a whopping $1-ish in 2021. Hell, this thing touched $1.24 at its peak. That’s 1100% gain over 2 years, and it’s showing no signs of slowing down if you’re willing to sit on it long term. And if you’re not? AXE pumps with the best of them - announcements send this thing rocketing. Its IBM partnership sent it from \~18c to a whopping 60c, and it’s first QC patent sent it from 50c to a peak of $1.24. If you’re the type to park your capital somewhere and sell the news, this is a good one. Do not get caught out trying to jump in too late! I’m not into TA, but even I know this is a *juicy* chart; + +[Juicy](https://preview.redd.it/i8i6l9bcdea71.jpg?width=1366&format=pjpg&auto=webp&s=58bc58e78f1cd4d2677d492fef0e557d5b9c5f7f) + +This is a future superstar selling (as of Friday) for under a dollar. Take a big hit of HotCopper Hopium, peak your risk tolerance, and jump on. + +TLDR; + +* Room temperature quantum computing is a massive technological breakthrough, and AXE is the best vessel for it on the ASX, if not internationally, with consistent progress updates and patent approvals starting to come in. +* Biosensing is another emerging deep-tech market AXE is using its advanced materials and expertise to commercially penetrate with development of a “lab-on-a-chip” miniature graphene biosensor. +* Found some good shiny/expensive rocks and has a stake in the new owners they sold them to, plus royalties from production. Gave the holders all the shares their received from soon-to-be-listed-at-20c iTech, because they are lads. +* Lots of cash in the bank, nearly 3 years worth which is phenomenal for a penny. +* Chart goes up, slow over long period and fast in short bursts, so flip it or hold it to suit your investment strat. +* You’re seriously still investing in companies run by crusty old men when THIS EXISTS? + +&#x200B; + +[Bluesteel. Seriously, hi](https://preview.redd.it/825e3hwedea71.png?width=339&format=png&auto=webp&s=ca3e65ef1a39fc89f30be3022146bc34721f91b0) + +Ok thanks! Bye! +We are financially well off and live in another state, and while we would like to help his sister move into her own place (with her two sons), I want to do my due diligence and figure out all of the possible risks that would go into him signing this year long lease. Aside from being responsible for all of the rent and any late payments, are there others larger liabilities to consider…? For example if a friend of her son’s is somehow injured in the property could the family sue us for medical bills? + +We have our own large umbrella insurance policy for our own family, would this come into play? Weighing the pros and cons and would love to hear anyone’s advice. I did cross post the question to the legal advice sub as well. Thanks! + +**** Edit to add that I have fully convinced my husband to not co sign any sort of lease… too much risk. We are still deciding on how/whether to help, and I appreciate everyone’s responses and questions because they brought up some interesting points that I don’t have immediate answers too (like why can’t she prove her monthly income with bank account records, etc). The saga continues, but we will stay off record/off paperwork. Thanks again!! +My current job is a 9-5 with a fairly large company but even when I’m doing more than I need to I find my self with a huge amount of free time at work, I think it’s some unspoken rule that everyone just pretends to be busy when they aren’t and 50% of the company are in on it. When we aren’t on peak (January and August) there’s genuinely some weeks I will finish my weeks workload in 2 days and I’ll just sort of try to make it seem like I’m being productive the rest of that time. I work remote 3 days a week with a finance degree and I’m half thinking of looking for part time work? Would my current job need to know Legally? Has anyone tried this? What would you guys do in my boat :) +First off, please forgive any revealed ignorance here; I took the econ classes as part of an MBA and mostly stayed awake through them, but I do not claim to be an economist. + +That said, my question is pretty simple. Looking at the US economy from a business perspective, it really seems like there is no remotely feasible way that this ends well. The data points that lead me to that conclusion include: + +- Staggering levels of national debt that is only growing due to continued budget deficits. As it stands now, the national debt stands at over 100% of annual GDP, and that figure is only growing as the deficit remains huge. +- An aging population with a massive segment of the population preparing to retire and begin collecting social security for an average of 13 years each (benefits begin at 65, average life expectancy is 78). +- Crumbling infrastructure after decades of insufficient funding and maintenance throughout the country. +- Governments from municipal to states in financial disarray. +- A population grown completely accustomed to a resource-intensive, globalized lifestyle relative to that enjoyed by almost any other country on Earth. +- And finally, the combination of the game of economic dominoes unfolding in Europe and a slowing Chinese economy. + +Truthfully, I don't see a way out of this that doesn't involve economic upheaval on a scale that would make 2008 look like boom times. That belief colors not only my investment habits (non-inflationary commodities, real estate [not mortgaged], metals, etc) but also a lot of my personal habits (placing an emphasis on self-sufficiency, durable goods that deserve the name, voluntary simplicity, etc). + +So if someone can make a compelling case for why we're not destined to drive over a cliff in my lifetime (I'm 33), I'd love to hear it. + +TL;DR- Looking for someone who doesn't think a US economic meltdown is a foregone conclusion and some explanation as to why/how. +[TL;DR](https://imgur.com/a/opIOtGO) – There’s been some issues with the concept of “Critical Margin” that’s come up in the last few weeks that need to be addressed. This will be a counter DD mixed with some discussion on my Taste the Rainbow model which I think some of the Critical Margin ideas have carried over from. Some of you might want to take your shoes off so you can count to 20 because we need to discuss math. + +Hi Apes, + +I’ll start by saying that this is not going to be one of my normal posts where I cover how the price is moving in the (Taste the Rainbow) TtR model. What I’m going to be discussing is a counterpoint to a few posts that have come up within the last few weeks that described a critical margin line. And as much as I like lines, I don’t believe a line is the best way to think about where Marge might live. I’m going to break this post up into the following sections + +**1) Reviewing the Critical Margin Line concept** – this is to catch up people unfamiliar with the idea and cover where I believe the weaknesses exist. + +**2) Marge’s Cloud** – I’ll present my idea on the better visualization for where Marge may live. + +**3) Current Taste the Rainbow model and Marge’s Cloud** – TtR has gone through a few iterations since I first started this in mid-March. I’ll explain how the current model has shaped my views on Marge. + +**4) Things I AM Hyped About** – The spoon full of sugar to help the medicine go down. + +**5) How TtR was built** – Some folks will find this section either unnecessary or uninteresting, but I’ll cover what went into building the model and how you can reproduce it yourself. + +As a last note before I begin, I’ve drafted this post a few times now to word my explanations as clearly as possible. But the truth is that some of this stuff is just kinda dense and towards section 5 a bit boring. So please, if I lose you along the way or you’d like further clarity then drop the question in the comments. Summer break just started for me and there’s really no question (even if it seems smooth brained) I won’t spend time answering. + +Ok Marge, lead us into the first section. + +[all thanks to KingSnakeJones for this one](https://preview.redd.it/0d8zzfxfj4891.jpg?width=864&format=pjpg&auto=webp&s=983ef23b891d36c850eff3cb1edd0a324daadc4b) + +# 1) Reviewing the Critical Margin Line concept + +What seems like ages ago, I posted my first "[Taste the Rainbow](https://www.reddit.com/r/Superstonk/comments/tbdkgp/taste_the_rainbow/)" DD on March 10th. The opening paragraph of the post… + +“*TL:DR – This post theorizes on a descending margin call line. Using an angled fib channel, we can spot zones the price has reacted to all year. These zones run parallel to the line created each time the price runs and is hammered down immediately afterwards. This is not a date hype post or price prediction post. I’m sharing what I’m currently looking at on my chart because I think it shows that the price hasn’t moved in crazy motions due to retail, but rather trading algos that determined a price months in advance…”* + +Along with talking about Marge as a trendline that connected peaks on March 10, 2021 and November 3, 2021 the second point was that our price movements were also moving along that same angle which is why I included a fib channel. I did weekly updates on that model and how it was performing, and as time went on I experimented with multiple channels of various depths but maintaining that top angle, each time trying to figure out how to best represent what I saw that included the entire saga. That was the early design though and I’m going to cover how the most recent version of TtR was built later. + +On May 30th u/-einfachman- posts “[Burning Cash](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/)”. The points made in that DD relating to critical margin were that Citadel had been losing customers and the borrow fee increasing meant spending more cash. Also, DRS causing havoc on them as well as it shrinks the door on closing. These can be factors in a firm’s collateral decreasing since it is reducing the money they have available and making it more difficult to borrow, however we also need to consider that Citadel isn’t the only player on the other side of this game and that Citadel the hedge fund vs Citadel the market maker is a difference of billions of dollars and even if they are having extremely wealthy clients leave, there is still the market maker side of the business that is much larger. The idea holds water though because investors trying to get out of the hedge fund SHOULD mean the value of their books is decreasing. + +In the post, Ein referenced the earliest TtR model as that being the rate that marge was falling. However, like I said I had been experimenting for months to improve the model and that original pic was outdated by that point even to me. But shortly thereafter, more posts about critical margin came out but their applications of math and charting have been problematic. + +On June 6th u/Scienceisexy posts “[Gamestop Critical Margin Theory](https://www.reddit.com/r/Superstonk/comments/v6cwds/gamestop_critical_margin_theory/)”. Their line used the coordinates of June 8, 2021 and March 29, 2022. In this post, OP attempts to solve for the rate at which margin is increasing for the nitwits on the short end. OP claims that they can use the following equation to solve for the rate that maintenance margin is increasing and deduces that it is increasing for the shorts at a rate of 95% a year. There is a glaring issue with the post however. The issue is that the equation below solves for simple interest. You can find a calculator for it [here](https://www.calculatorsoup.com/calculators/financial/simple-interest-plus-principal-calculator.php) + +A = P(1 + rt) + +\*A=Net Liability, P=Initial Short Price, r=Rate of Growth/Decay, t=Time + +The equation above is what was used in the post. However, (A) should be Accrued Amount (principal+interest), not Net Liability. (P) would stand for principal, not Initial Short Price. What OP’s -53% is actually telling us is that if you wanted an investment to go from $344.66 to $199.41 in 294 days that it would need an interest rate of -53% a year. So I charted this out to help folks visualize this. + +https://preview.redd.it/ignqd3qok4891.png?width=1350&format=png&auto=webp&s=ec09ded749e4d575c1eed399b9ae9c07ddcca418 + +If I use OP’s coordinates to draw their critical margin line and just continue it forward until it reaches a full year then we can see that on March 29th the investment has dropped 42.5% and by the following June 9th (3 months later) its now -53% down from where it began. I have no idea why OP decided to add these two numbers together. It’s a line, the rate is -53% a year and -42.5% is the place they picked as their second coordinate. More important, this is NOT how you would solve for maintenance margin. + +The [correct equation](https://www.wallstreetprep.com/knowledge/maintenance-margin/) would be + +\*\*Margin Call Price = Initial Purchase Price \* (1 - Initial Margin percentage) / (1 - Maintenance Margin percentage)\*\*​. + +But unless you work at the lender or you are a nitwit short, you do not have access to any of the above variables and you are not solving this equation. Not to mention, after this week’s GME report maybe it really doesn’t matter since margin is something they’ll waive off if it’s inconvenient or catastrophic. + +(*there’s actually a few other problems with that post. OP somehow pivots from calling it maintenance margin to the borrow rate which are not the same thing. They also suggest its possible to borrow an ITM put contract, it’s not. You can buy or sell an option, you can’t borrow it to exercise. So this combined with them rounding up their 95% number that had no reason to exist and claiming it’s related to options because those are sold in groups of 100 all makes for a DD that makes no sense whatsoever*). + +This post by u/OscarDeeGrouch came out on June 24, “[Fun with Math starring the Critical Margin Line](https://www.reddit.com/r/Superstonk/comments/vjswrf/fun_with_math_starring_the_critical_margin_line/)”. In this post, OP uses the coordinates from the Critical Margin line to find it’s slope and determine the rate of price decrease. OP uses 2 data points to determine the slope. The math is accurate, y=mx+b will indeed help you determine the slope of a line, but it’s also not telling us much. There’s at least 7-9 real peaks GME has seen depending on what you want to call a peak and there’s no rhyme or reason why those two were picked and why sometimes the price bounces off the line or crosses it or doesn’t quite make it. So why do these 2 particular peaks determine the slope and not all peaks? + +Lastly, there’s been apes posting their own version of the critical margin line, none of which are the same line. + +[Now did I use Marge Simpson's color scheme on accident?.......yes, yes I did.](https://preview.redd.it/zbzv0pqhl4891.png?width=1350&format=png&auto=webp&s=5947f5327a7caff100b36d6a8b0047ddfd81564f) + +[Red](https://www.reddit.com/r/Superstonk/comments/tbdkgp/taste_the_rainbow/) – The original TtR coordinates of March 10, 2021 and November 3, 2021 + +[Green](https://www.reddit.com/r/Superstonk/comments/vju3k0/the_line_of_critical_margin_was_breached_today/) \- This line displays improperly because OP used a single line chart when graphing and none of its peaks line up with how any other chart was made. + +[Yellow](https://www.reddit.com/r/Superstonk/comments/vj455y/knocking_on_heavens_door/) – u/ScienceisSexy post that placed the line across the peaks on June 21-23 + +[Orange](https://www.reddit.com/r/Superstonk/comments/v6cwds/gamestop_critical_margin_theory/) – u/ScienceisSexy using the peaks on June 8 (2021) and March 29 (2021) + +Blue – This one was sent to me about a week and a half ago on Discord with the idea that it should have ALL data below it. + +And for anyone whose been reading these posts, if you don’t look at all of them stacked up together then you might be left thinking “wow, all of these folks are seeing the same thing”. But because I’m a real stick in the mud, I’ve charted them on a single TradingView page and you can see them all stacked up [here](https://www.tradingview.com/chart/GME/hFwu3MA5-Disagreements-on-Critical-Margin/), though you will need to do this from a computer to be able to drag the chart around. Each variation has their own reason for why it believes it is adequately telling you where marge lives, but it’s pretty clear that it’s not one set line that exists. + +**To summarize the above** + +\- We can’t only look at anecdotal evidence from Citadel when considering how badly the shorts books are burning. It’s sizable piece of the puzzle but it’s one piece. + +\- There’s no access to the data that apes would need to mathematically prove where marge lives + +\- Apes don’t have a unified theory on a critical margin line. + +\- The DTCC [waived](https://www.reddit.com/r/Superstonk/comments/vjr1wb/the_dtcc_waived_97b_of_collateral_requirement_for/) a massive collateral requirement during the sneeze. + +To get you thinking about what’s coming next, I want you to consider this picture. + +[Damn, maybe I subconsciously am using her color scheme](https://preview.redd.it/y8snfi6bn4891.png?width=1350&format=png&auto=webp&s=454797c4bc237fee86979b8c929be793bf482cfe) + +The colored bars up top are the major indices over the same period of time as the GME saga. These have been compressed vertically a bit so they fit the screen and it’s just to give you a sense of what they were doing. I want you to imagine the possibility that the white curvy line is marge. + +\- The curve follows some of the contours of the indices. The nitwit shorts are diversified across many investments (and not just stocks either) so it stands to reason that marge wouldn’t need to be a line at all, it could be flexible to reflect the shorts books changing and what collateral requirements they can meet. + +\- The curve occasionally makes contact with peaks, but I could have drawn this same idea while skipping some peaks. + +\- The price soared above the curve during the sneeze, so maybe its possible that is the reason they waived the collateral requirements. + +There are going to be lines later on in this post, but I believe the above section is reasonable evidence to make the claim that thinking of marge as a line is not correct. With the Senate report showing that major players are willing to waive margin requirements, why would marge even need to be a line? So instead, I’d offer up this instead…. + +# 2) Marge’s Cloud + +[Went cheap with the graphics for this one](https://preview.redd.it/18scsm9on4891.png?width=1350&format=png&auto=webp&s=883eb1128cb14a1f4d2991adbe02c93c56245911) + +Somewhere above the price, marge may or may not exist. It’s not a number we can solve for, it’s constantly going to be in flux depending on what shorts can produce as collateral, it does not necessarily have to be moving with GME’s price, and we can’t be absolutely sure a lender will phone her in. We may have made contact with Marge at some point, but we can’t be certain. + +I don’t mean to be a raincloud over anyone else’s hype, and I’ll give plenty of reasons later on why I’m in good spirits. But for anyone whose been watching a line and thinking “holy smokes it’s going to cross this and suddenly the price will fly up and MOASS has engaged”, you may want to temper your expectations. Because when we don’t do that we get posts like [this](https://www.reddit.com/r/Superstonk/comments/vju3k0/the_line_of_critical_margin_was_breached_today/) which claim there was a massive spike in the VIX at the exact same time GME started getting hammered down. And there’s issues in jumping to conclusions like this. For one, like I established above there were at least 5 different variations on critical margin, it crossed one that was based on 3 tops the previous days (yellow in the variations chart). Second, look at VIX and GME over that entire day + +https://preview.redd.it/qpapr2kzn4891.png?width=1350&format=png&auto=webp&s=13ac1344549d2333893091a5b16575a157e493b2 + +It wasn’t nearly as simultaneous as the post makes it seem. IF (and big IF) crossing that line mattered, the cross happened at 9:32. GME peaked around 9:46. The VIX halt happened at 10:00. And let’s not forget, VIX tracks the volatility of the S&P 500. Not the entire stock market. And GME is not in the S&P 500. So let’s compare the Salt and Pepper and VIX at that time… + +https://preview.redd.it/15vfnlw6o4891.png?width=1350&format=png&auto=webp&s=5f62498d7c0988fa87a1c383964e1f7843373ebb + +In the 30min since the market opened that day, the S&P shot up a little over 2%. Apple, Microsoft, Amazon, Telsa, Google, Nvidia, Meta (fuck them it’s still just shitty Facebook), all of those stocks and more which are the biggest in the S&P spiked upwards or were already climbing at 10am. So either, GME was up 2.5% and a volatility tracker that doesn’t include it went nuts, or the biggest stocks in the S&P went on relief rallies during a bear market and big money shifted their books around to take advantage of that. + +Rather than immediately jump to “HOLY SHIT, critical margin breached and they had to stop everything”, there’s also the very real (and I’d suggest more plausible) possibility the GME price had been rejecting off a historic diagonal resistance line the past 3 days and didn’t have momentum to actually sustain motion upwards and the only reason it was getting above that line at all was due to it drifting upwards with everything else. Not some end all be all resistance line either, just one of the many resistances it’s faced. But on the topic of many lines…. + +# 3) Current Taste the Rainbow model and Marge’s Cloud + +[it was at this point most readers said \\"wtf\\"](https://preview.redd.it/x5yb3pcno4891.png?width=1350&format=png&auto=webp&s=a98a21a4d248d241ba90929669b35517285651f0) + +I bring up my Taste the Rainbow model because when I realized the data no longer supported my thesis that marge lived on the top line, I changed the model to go with what the data told me. And the Critical Margin discussion now is where I was a month and a half ago. So rather than let this turn into something people will get hyped over and then bummed out about, I’d rather apes just see the progress. I’m going to go into the process for how this was built in the 5th section of this post so you can build this yourself, however you can also follow this [link](https://www.tradingview.com/chart/GME/SvtROu0M-Taste-the-Rainbow-Afterhours-Inclusive-model-1hr-candles/) to a copy of this model on TradingView so you can look through it yourself (you’ll need to be on a computer, mobile doesn’t work well for this). + +Around [May 12th](https://www.reddit.com/r/Superstonk/comments/unuwf4/taste_the_rainbow_mini_but_big_update/) I began redesigning the TtR model to better account for all data that we’ve seen across the GME saga. And the big breakthrough I found was that the slope at which data tended to move on was not the same as the slope produced by connecting peaks. I can’t link the DD here since its on another sub but if you click my profile and read the pinned post about linear regression you can see it there. + +[Oh shit, now its Flanders](https://preview.redd.it/jfgfktu1p4891.png?width=1350&format=png&auto=webp&s=16c58f543b2512663b8ae3ca3c6a15366e55cbff) + +What I eventually figured out through testing was that a line connecting the beginning of significantly large runs (more than 20% in a day) does follow the slope that GME tends to move in. Which is why in the TtR model above you see that I moved my 0.000 line (White Line) to the center of the chart rather than connecting the tops. I’m not measuring the peaks to how close they are getting to a margin call line, I’m measuring how far peaks get away from my 0.000 line. Using this method, here is what I’ve observed from our peaks…. + +*If you are unfamiliar with the idea of fib (Fibonacci) levels, here’s the smoothest explanation I can muster. You set a bottom line and a top line as your 0 and 1. Within that, the lines in between 0 and 1 are derived from the Fibonacci sequence (1, 1, 2, 3, 5, 8…etc) by taking a number and dividing it by the next number to the right. The lines above 1 are found through the same method but by dividing to the left instead. One important note, this produces much more consistent results when you do it with higher up numbers in the sequence, like 89 and above. The end result of all this a way of dividing space between 0 and 1 into lines and for whatever reason it’s extremely common that prices will either find support or resistance on these lines.* + +[Where did we peak each time?](https://preview.redd.it/azrxssvep4891.png?width=1350&format=png&auto=webp&s=bbcc8b0c3271bd9d370139567f60a014d7616848) + +1 – Sneeze - this was the height it reached outside of normal market hours. The buy button was turned off and as we now know the margin requirements were waived. The price reached the 2.414 extension. + +2 – March 10, 2021 – We made it past the 1.000 line briefly and I think most of us remember that day. + +3 – June 8 and 9, 2021 – Price made it to the 1.414 extension on the 8th and the 1.272 extension on the 9th. It wasn’t until the 10th the price really started to get hammered down, however GME was also doing a 5 million share offering at the same time. + +4 – Sept 1, 2021 – The price briefly broke above the 0.618 line but for the most part that was resistance for a few months after the big spike at the end of August. + +5 – November 3, 2021 – Price briefly broke above the 1.000 line, this was also on news of a store famous for selling pillows, toothbrush holders, and more stuff doing a share buy back. + +6 – November 22/23, 2021 – Price moved above the 1.000 line on the 22nd and closed above it. The next morning on the 23rd it began to get hammered down. This also lines up with the beginning of the major indices hitting their tops + +7 – March 29 to April 1, 2022 – Price moved above the 1.000 line multiple times but could not sustain above it. + +**Summary** + +The price has crossed over the 1.000 line multiple times however the time above the line is typically brief. Shortest amounts to a few minutes, longest can be an entire day and has even had closes above the 1.000 line. The peaks can not be connected with a single straight line. I will ignore the sneeze peak since collateral requirements were waived but we made it as high as 1.414 last June and there has been no MOASS ignition off of these peaks. These runs do have a tendency to line up with OPEX, but once that is over the price returns to following the trend downwards. + +We’ve visited all sorts of lines, crossed over them, and we are still just in the GME saga. Marge may be up there in the clouds looking down on us and waiting for us to say hello or a lender may decide they are just not going to call. We may have high fived her a couple of times. But the data we would actually need to figure out her exact location is not accessible to us. At best, we can make generalizations about her location based on overall market conditions, news about struggles known shorts are facing, and the direction data is trending. And I say this from 4 months of testing and experimenting with this very idea just about every single day. No really, check my post history, you’ll find dozens of my TtR posts and the long list of failed experiments trying to understand a critical margin line. So please, if you are waiting on a line then I’d suggest grabbing a chair while you wait. + +# 4) Things I AM Hyped About + +Putting marge aside, there’s two things that have come from doing the Taste the Rainbow series that have consistently hyped me up. + +A) There is literally no way a million apes maintain this structure + +I’m going to discuss design in the final section but in short the TtR model is intricate enough that apes randomly hitting the BUY button for 18 months and using market orders could not possibly maintain the structure the price moves within. Apes do stuff like buy because they just got paid, or they buy because they saw a red crayon, or they buy because they just really hate shorts. There’s not hundreds of thousands of apes considering what support or resistance line the price is at and they certainly aren’t all thinking of the same lines (if any at all). + +To maintain this structure, you’d have to, oh idk, be responsible for facilitating almost every single trade on a security and using high frequency trading algos so that every minute of every day was adhering to an enormous structure more than 2 years long that moves on a consistent slope. Yeah, it’s almost as if despite a security’s largest owner constantly acquiring more and more shares of said security to the point where it’s becoming scarce to borrow that you would constantly have to provide infinite liquidity to counteract that upward motion. Now why on earth would you bother doing that and WHO could even do that? + +[Not naming names but maybe they were in a report recently](https://preview.redd.it/3uhpe3daq4891.png?width=352&format=png&auto=webp&s=5b10a2a7417720028c9dc982428142f0113ae648) + +I get hyped because as much as apes talk about how the price is manipulated, rarely do they explain to what degree. That’s what I believe the TtR model is showing. The entire chart being tilted on an relatively shallow but consistent slope downwards by means of infinite liquidity showing up to kill upward momentum. Even when we see a rip, it’s a rip effected by the slope. Now could maintaining this slope be part of staying under Marge, yeah. But I also consider the possibility that this is how they set up [cellar boxing](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) (tagging the dd from u/Thabat). Not actual cellar boxing, but how you get the price down to where you can. You’d want the price to just keep dropping as slowly as possible because if anyone knew exactly how many shorts you’ve stacked up to get it to the cellar they’d dog pile in buying up shares like crazy knowing that all shorts are eventual buyers. + +B) DRSing starts reaching its own critical levels + +If the powers that be have decided the general trend in the price is to slowly go downwards, this is an enormous opportunity for the DRS crowd. They’re aim is to place every share possible into CS, and this task becomes easier and easier as the price decreases. The price decreasing also means that the tax hit from moving shares from tax advantaged accounts to CS is decreasing. There’s been two posts on this exact thing that popped up recently [1](https://www.reddit.com/r/Superstonk/comments/vl4fnz/i_am_going_to_drs_my_ira_shares_and_take_the_tax/) and [2](https://www.reddit.com/r/Superstonk/comments/vl5ops/im_going_to_give_up_taxfree_status_in_order_to_go/) . At some point in time, between the folks who just keep buying more and the folks who are willing to take on the tax hit I believe (no data to support this) the DRS rate will see an increase. And if the borrow fee rising really is directly tied to DRS, maybe just maybe this will help the price finally say hi to Marge. + +If finance fuck wits are really this committed to letting apes buy a company for better and better prices, thanks I guess. I will indeed continue to buy. + +# 5) How TtR was built + +If you are vehemently opposed to TA, there’s likely nothing in this section you will be interested in. If you are more interested in the TtR model but not in charting it yourself, please come check out my daily posts. They are always named “Taste the Rainbow – date” and I have them ready by about a half hour after market close and tagged as TA. But if you are interested in the model and maybe even want to place it on your own chart, here is how every piece of it was determined. + +A) Determining Slope + +Originally, TtR had a slope of -0.3884 because that was the slope existing between the peaks of March 10, 2021 and November 3, 2021. And at one point u/Dr_Gingerballs made a comment on a post that suggested I do a linear regression of closing prices to determine if all data was moving as consistently as the peaks. Say what you will about the guy being a polarizing figure on the sub, but that idea had a lot of merit. If we have 400+ days’ worth of data, why pick out 2 points and claim those represent everything? I can’t link it on Superstonk but if you check the second post I have pinned to my profile you can read the entire experiment I ran. But here were the findings. + +[Closing prices from Spring 2021](https://preview.redd.it/f0bhjsx3r4891.png?width=1350&format=png&auto=webp&s=4a8061c52a0ab664c9269673839bd76199d2e456) + +&#x200B; + +[Closing Prices from June 10 2021 to March 22 2022](https://preview.redd.it/jpmcybv5r4891.png?width=1350&format=png&auto=webp&s=1d80023782accb0a5bee9df3fb39335e1085ce72) + +I attempted to find the slope that the price was moving and to do so I chopped out the May/June 2021 run as it seems to be moving perpendicular to the rest of the chart and used the daily closing prices across a year (before the next major perpendicular movement in March 2022). What I found is that from March 15 – May 25 (2021) there was a slope of -0.3619. Then from June 10, 2021 to March 22, 2022 there was a slope of -0.3618. The time period covered 77% of all time between January 28th, 2021 to March 22, 2022. From there I plotted a line on my TradingView chart that used a slope of -0.36185. + +[You'd think there'd be a function to type in the slope you want and just get a line....nope](https://preview.redd.it/7rcdxuncr4891.png?width=1350&format=png&auto=webp&s=e9ac7cb3bba62af6195da1232160ddc3847e1f0e) + +B) Determining Fit + +This next step was originally a brick wall for me because at the time I was still very much in the headset of trying to fit that slope so that it connected peaks, and it does not connect any two peaks. So I reversed the strategy and began fitting it to low points instead. This proved more successful and I found that I could place this line across bottoms of the big rips in May 2021, Aug 2021, and March 2022. This also meant that since I was using this line as my base reading that it would be 0.000 and fib retracements and extensions would move away from it. + +C) Determining Depth + +I tried a few variations on this but ultimately u/INERTIAAAAAAA had the advice that helped the most. His suggestion was to account for after hour movements in my chart to see if they could help detect areas of support/resistance. It’d be less likely to see retail involvement in afterhours, so my belief is that the spikes and dips we see then will more strictly adhere to the structure than ones during the day where volume is higher. I started with Extended Hours and 4hr candles, and the goal was to match as many peaks and valleys as possible onto fib lines. + +D) Below 0 + +As a final part of the design, the top of the channel is reflected downwards as well. Since everything in TtR is a measurement away from 0, the fib lines to the bottom side are just measurements of how far the shorts were able to push downwards. This was helpful when determining depth because the valleys From March – May 2021 could be fit to sequential fib lines. + +The end result is the current TtR model. I don’t by any means think it’s perfect, but it does a decent job of putting into perspective what happens in a day based on a lot of historical data. I think the fit and depth can continue to be adjusted to line up more bounces off of lines but at this point I think it’s adjustments of inches and not yards. + +You can recreate this for your own use by following these steps, I use TradingView but I imagine most apps work similarly. + +\- On your charting app, make sure you are set to normal 1 day candles. Then select the Fib Channel tool, it will have you set 3 pins + +\- 1st pin, top of candle wick on May 18, 2021. This should be $189.20 + +\- 2nd pin, May 25, 2022 at $54.60. This won’t line up with anything but it accomplishes 2 things. It sets your channel’s slope at -0.36185 AND because the pin is closer to our current date that tends to help keep the channel from drifting out of place + +\- 3rd pin, June 9, 2021 at $296.41. This wont line up on the end of the wick or the candle but it will set the chart up with the depth I’ve found fits data the best. + +As a last step you’ll go into the settings for the channel and you will want to set up your lines like this + +[Pick whatever colors you like](https://preview.redd.it/948yl37lr4891.png?width=576&format=png&auto=webp&s=bd2fbc1237d519b9c2864e205f53be2ea3c4d89e) + +These are all the normal fib retracement/extension levels with one side being positive and the other negative. I also turn any background filter off so that I’m left with just lines. From there you can move to change the candles to whatever duration you like and include extended hours. One thing to be mindful of though is that if you are using small time frames like minute candles that sometimes the TtR channel will drift out of place a bit. This can happen because if volume is low TradingView will skip candles and immediately move to the next one and this can cause some issues. Sticking to 1-4 hour candles though shouldn’t have this problem and even down to 30min will still be very close with no drifting. + +The fun part and what I cover in my daily updates is that you can place a fib channel (retracements only) in between any two lines of this larger chart and the price has a tendency to use those interior lines as support/resistance. This is what keeps me really interested in tracking this. + +Also, and I want to be very clear about this, I share my coordinates and methodology because I want someone to develop a better model. When I point out that in 4 months of charting this and doing posts on it pretty frequently that there’s only been 2 apes who have had solid input on how to improve the model, I’m serious. I’d love nothing more than to have folks ask questions and share variations on the model that they think fits data better. + +# Final Thoughts + +I imagine I’ll get called a dick a whole lot because no one wants to get called out on mistakes and I’ve done that a few times in this post. But math is math. + +[Sure is big dog](https://preview.redd.it/krhspbtsr4891.png?width=1192&format=png&auto=webp&s=7c2b394d4551020f9cee095276a6cd9243e57750) +VEQT is around 30% Canadian equities +XEQT is around 23% Canadian equities + +I realize these are Canadian all in one ETFs but this weighting seems excessive for such a small country. Also VEQT is basically 70% North American when you factor in the US which seems like a lot. +Hi guys!! I need your help. + +I have $10k that's currently invested not very wisely. + +I'm a total newbie and want to grow this $ as much as possible so that I can become more financially independent from my extremely controlling partner. + +Ideally as much growth as possible within 2-3 yrs as I'm desperate to get out, but up to 5 yrs if I have to. + +Sadly there was no Reddit when I was younger and I was never financially savvy, so here's where I'm at: + +- 42 y/o, 3 kids 🤪, NJ, USA +- No debt, no mortgage, $2.5k freelance income per month. After expenses, I expect to be able to save around $500~$800/month to invest +- No 401K/no Roth IRA +- My risk tolerance is not that high as this is the only savings that I have. But I do plan to work for many more years. + +- $10k is invested through Schwab brokerage as follows: + +40% : SWTSX +23% : VGT +11% : SCHG +10% : PAVE +5% : FXI + +The remaining 12 or so % is just sitting there. + +I'm definitely thinking of getting rid of FXI - and been eyeing semiconductors. + +I've tried reading Bogleheads and all of the other basic Investment books but still feel overwhelmed. + +Thank you kind investment samaritans for any advice. +I am 100% in VOO right now ETF wise. I am looking to diversify my ETF portfolio a little more, what are some good ETFS that compliment VOO? + +I was thinking about just adding VO & VB and just letting that ride. Thoughts? +**About Me:** + +1. Age 25; college-graduate; making ~35k/year, will drop to ~20k/year next Fall (PhD). Should end up around the ~80k/year mark when I'm in my thirties. +2. Want to: max out my Roth IRA every year ($5500) and invest roughly $2000/year into ETF's. +3. Fairly risk adverse +4. Goal of retiring by 50 + +Thanks! + + +Hey I am looking for foreign property and im finding it a pain in the butt to always go to google and research terms like cheap realestate costa rica for exampe. Is there a website that allows me to place in perimeters like costa rica, under 30000$, aparments etc and then it searches the entire web and gives you links? +"China said it will establish a list of so-called “unreliable" entities it says damage the interests of domestic companies, a sweeping order that could potentially affect thousands of foreign firms as tensions [escalate](https://www.bloomberg.com/news/articles/2019-05-17/u-s-places-huawei-and-67-affiliates-around-world-on-blacklist) after the U.S. blacklisted Huawei Technologies Co." + +&#x200B; + +At this point in time this is just posturing since they haven't actually done anything yet and the announcement is by the state media and not official government spokespeople - although in China the media is run by the government. However what's interesting about this from an investing point of view is the following: "\[the scope of Beijing's shit-list could extent\] even non-American suppliers that have cut off China’s largest technology company. Those run the gamut from Japan’s Toshiba to Britain’s Arm." + +&#x200B; + +In other words, the potential hit on equities if this latest escalation from China were to be realised might go beyond US companies and into Europe / Japan. With this latest move, the trade war rhetoric is expanding internationally. If the escalations keep coming there is a risk for tech stocks globally stocks to take a big hit, not just Chinese and US companies. + +&#x200B; + +[https://www.bloomberg.com/news/articles/2019-05-31/china-to-set-up-unreliable-entity-list-after-u-s-huawei-ban](https://www.bloomberg.com/news/articles/2019-05-31/china-to-set-up-unreliable-entity-list-after-u-s-huawei-ban) +Dave Ramsey strongly advises to pay off all debt before investing. But if someone has low-interest student debt and the possibility to invest with returns that exceed the student debt interest, why would he advise against that? Is there some math I am not seeing or is that just his personal philosophy? +Tether episode may come to a climax soon, if latest buzz in both media and social media is anything to go by. + +Bloomberg has just published a detailed article trying to ideintify the source of the $69 Billion backing Tether, only to conclude that they have not been able to identify the money. + +The only source who would speak to Bloomberg is the person running Deltec bank in Bahamas, who could account for around 1/4th of Tether's money (around $15 BN) but stayed coy when quizzed on the other money. + +Tether has never tried to explain where exactly their money is stashed. If their statements are true, they would be the world's 7th largest commercial paper holder, with almost $30 bn in this..but no one in wall street has heard of them. + +All of this unfolded over the last few months, but just few hours ago the CEO of Tether has deleted his twitter account. + +[Aaaannd its gone!](https://preview.redd.it/s6xbfdja41s71.png?width=1196&format=png&auto=webp&s=5507093080a9cc41ae9472ea42b193ebea717bb5) + +&#x200B; + +There is massive speculation that Tether may be holding papers from China companies, that would explain why Wall St has no clue about Tether, but at the same time make Tether highly risky as China seems to be heading to a financial crisis. + +&#x200B; + +[SEC may be looking at Tether too. ](https://preview.redd.it/c1mlg33d51s71.jpg?width=1430&format=pjpg&auto=webp&s=feba7c3ec77f50f7b4ff2dbede0693c27745371f) + +Just yesterday, US Deputy Attorney General Lisa Monaco announced the formation of a task force headed by DOJ to crack down on crypto entities including exchanges, manipulators etc. +Hi, I would like to know in what sectors the majority of you are going to invest in 2022. I would also like to know why you are going to invest into that specific sector. + +Personally, I think I'm going to invest into mining stocks. This is due to the expansion of nuclear energy in Europe and the transition of electric vehicles. Im also going to invest in TSM/ASML since chips are going to be increasing more applied in consumerproducts. +Which has been your favorite? + +Was it the cocaine interns? + +The March 10th 150$ drop on no news? + +The 1000s of forget gamestop articles? + +DFV saying "I am not ACAT" on the congressional minutes? + +The legendary citadel twitter meltdown? + +DFV quadrupling down? + +400,000 dollar orders appearing on the order books? + +Schwab calling holders, desperately trying to find shares? + +Watching the stress age Ken Griffin like old fruit in real time? + +Citron research explaining why we would be back to 20$ fast? + +The constantly changing float size on websites like yahoo finance, etc? + +Coordinated media narratives, like multiple different sources using the same words to disparage the dividend? + +888% short interest on etfs that contain gamestop (XRT)? + +Discovering how Boston Consulting group has been infiltrating companies and destroying them from the inside? + +Fidelity "Accidentally" incorrectly listing millions of shares of gamestop to short, and then when asked to explain themselves, they linked a marketwatch article with wetdirtkurt's butthole on it? + +Mark Cuban confirming our suspicions that they are well and truly fucked? + +Drone guy being forced into silence by the FBI? + +And so many more... + +&#x200B; + +The list is endless. You would have to be a complete and utter fucking moron to not see the writing on the wall here. This play is literally unfuddable at this point. If you ever feel doubt just look backwards at all the shit that has already happened.. We are in the end game now. + +Edit: changed CIA to FBI + +https://www.reddit.com/r/Superstonk/comments/vozx0a/ken_brings_the_heat/iegi406/?context=3 + +Call of duty vantage…. I downloaded it… on my Xbox + +The fire at that fireproof warehouse + +That dude who tried to buy on a Sunday + +Shutting off the buy button… + +Nfa +[https://www.youtube.com/watch?v=U9kSNzXWku4](https://www.youtube.com/watch?v=U9kSNzXWku4) + +The app suffered a systemwide, all-day outage. The company claimed it was due to an "unprecedented load" on the infrastructure due to volatile market conditions. But then it happened and again. The app crashed three times in one week. A week, mind you, that had multiple days with significant trading. + +Users took to social media to blast the company. A Twitter account called "Robinhood Class Action" had more than 7000 followers in just days. Some even took legal action against Robinhood, which is ironic. You know, the hero being sued? Anyways. + +But let's not forget about the fine print. Robinhood's customer agreement states that it will not be responsible for "temporary interruptions in service due to maintenance, Website or App changes, or failures" beyond its control. + +Always, always read the fine print. + +But this wasn't even close to the worst thing the company faced in this 2020. In June of this year, Alexander Kearns committed suicide after his Robinhood margin trading account displayed a negative $730 000 balance. +This can't be put off or delayed. Those old fucks in Washington are about to vote on Saturday which will set the course for the rest of your economic life. Call them today. Tomorrow will be too late. Do not procrastinate. We should come up with a date for a march on DC. I am sick of this shit. +\*Some of this analysis was cut out due to formatting errors, you can read the whole thing [here](https://utradea.com/positions/FL-The-Best-Consumer-Stock-for-)\* + +This analysis sets out to analyze the FL Stock and their underlying business in order to determine if it is a good buy. This analysis will include a range of information about the FL stock, a FL Stock valuation, and my FL Stock price target. + +*FL Stock Overview:* + +[$FL - Foot Locker Corp.](https://utradea.com/stocks/SOFI) is an athletic footwear and apparel retailer in USA, Canada, Europe, Australia, New Zealand, and Asia. Foot Locker operates under the Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Runners Point, Footaction, and Sidestep brands, selling shoes, apparel, equipment, and licensed merchandise to their customers worldwide. Foot Locker operates approximately 3,000 stores worldwide, as well as various eCommerce platforms and mobile apps. + +*FL Stock Recent News:* + +On November 1st, 2021, Foot Locker announced the closing of their acquisition of Atmos for $360M. Atmos is a footwear retailer in Japan with 39 Japanese based stores and 10 international stores, furthermore, Atmos has an eCommerce platform that makes up most of their sales. The acquisition is great for Foot Locker as they continue to expand their business in Asian and Japanese markets. + +Atmos is a popular brand among sneakerheads worldwide and have been a part of some of the biggest shoe collaborations in the world, including their “Animal Pack 2.0” and “Elephant” collaboration with the Nike Dunk and Nike Air Max silhouettes. + +Foot Locker expects Atmos to achieve low double digit sales growth for the foreseeable future. + +Another addition to this acquisition was Eurostar, who is an athletic footwear and apparel brand/retailer in Europe. Footlocker is acquiring Atmos and Eurostar for $1.1B, and they are expected to increase footlockers EPS by $0.44-$0.48 next fiscal year. This assumes that both companies will bring in between $44-48M in Net Income (after tax). This implies between a 23-25 EV/EBITDA (not really EBITDA because it is net income after tax, interest, and depreciation, but for the sake of this argument we will us EBITDA), which is low for the footwear industry, as their average [EBITDA multiple is 33.75x](https://www.equidam.com/ebitda-multiples-trbc-industries/). This implies that Foot Locker got a good deal on their acquisitions. + +*FL Stock Management Team:* + +This sectioned is designed to give you (the reader) insight into the background of the highest (executive) managers/officers at Asbury. The following people are listed as the highest-ranking members of the [Foot Locker Management Team.](https://www.sofi.com/our-leadership/) + +**Richard Johnson (CEO):** Richard has been with Foot Locker since 1993, assuming titles of increasing importance from VP of Merchandising at EastBay (a subsidiary of Foot Locker) all the way to CEO of Foot Locker. Before joining Foot Locker, Richard worked for Graebel Van Lines, General Motors, Electronic Data systems and Wausau Insurance. + +**Giovanna Cipriano (CAO):** Giovanna joined the Foot Locker team in 1996 and has been climbing the ranks ever since. Giovanna oversees the company’s global accounting operationists reporting/compliance, and taxation of the business. + +**Robert McHugh (Executive VP of Operations):** Robert has served as Foot Lockers EVP of Operation since 2011. Prior to this he served as Foot Lockers CFO from 2005 to 2011, and prior to that he was the CAO from 2000 to 2005. As you can see, Robert has a vast amount of experience in the highest management positions in Foot Locker and is more than qualifies to be EVP of operations. + +*As you can see, Foot Locker’s highest level management officers all have vast experience in management positions both internally and at other organizations. I believe that each member of their board has the necessary experience in order to succeed in their roles.* + +*FL Stock Competition:* + +\*This section was removed due to formatting problems, view this section [here](https://utradea.com/positions/FL-The-Best-Consumer-Stock-for-)\* + +*FL Stock Financial Information:* + +\*This section was removed due to formatting problems, view this section [here](https://utradea.com/positions/FL-The-Best-Consumer-Stock-for-)\* + +***FL Stock Investment Valuation:*** + +*Comparable Analyses:* + +By comparing Foot Locker financial ratios to that of their publicly listed competition (listed above in the “competitors” section) I found the following: + +*P/S Ratio:* + +Based off of Foot Locker’s P/S Ratio in comparison to their competitors, $FL stock price target based off of P/S is $41.85/share, which would imply a share price decrease of 1%. + +*P/B Ratio:* + +Foot Locker’s P/E ratio (compared to their counterparts) indicates that the FL stock price target is $57.17/share, which would imply an upside of 35% in order to reach their fair value. + +*EV/EBITDA Ratio:* + +Foot Locker’s EV/Revenue ratio indicates that the FL stock price target is $50/share, which would translate into a potential upside of 18% + +*Comparable Valuation:* + +Due to the fluctuation between comparable analyses, I decided to take average the 3 comparable results. By doing this the overall FL stock price target is $49.67/share, which implies an upside potential of 17.7%. + +*DCF Model:* + +I also underwent a DCF analysis as part of my valuation process. By inputting the relevant data into my model, I arrived at a fair value of $FL stock of $45/share, implying a share price increase of 7%. + +*Overall Valuation:* + +My overall price target for $FL stock is $47.33/share which implies that they are undervalued and can grow up to 12% before they reach their fair value. + +***FL Price Prediction & Plan:*** + +My plan for an investment in the $FL stock would go as follows: + +· Enter into a position below fair value near their lowest comparable (P/S) of $41.85/share. This makes us certain that we are buying $FL stock at/below fair value. + +· Hold long-term and re-evaluate the position as new data is released (especially their financial reports to see if they continue their growth, or if their growth starts to fall short of expectations). +If you change your DCA plan according to price, you’re not doing DCA, you’re trying to predict the market. Even if the upcoming months seem very bearish, you have to stick to your DCA plan. That’s the whole purpose of dollar cost averaging. I saw a lot of people saying that it was the perfect time to DCA when BTC price was at 40K$, but now that BTC is at 20k$ the say that they will wait for the market to go lower. + +It’s perfectly fine if you want to predict the market, or if you will wait for BTC or ETH to go lower to buy more. But be conscious that doing this defeats the whole point of DCA. Just do what you want, but don’t lie to yourself. +Why should we invest in stock market that is completely manipulated when I can buy non counterfeit token that has been created through an open source community? I think that what's happening with GME will speed up the transition to crypto! + +Change my mind + +HODLING to change this shit! + + +Edit: I'm happy to see a lot of people had the same though...i was thinking that a solution could be a stock exchange based on the Blockchain! I think that it will be the future and japan wants to be the first!! + +"Japan to Have Blockchain-Based Stock Exchange in 2022" https://finance.yahoo.com/news/japan-blockchain-based-stock-exchange-151748234.html?guce_referrer=YW5kcm9pZC1hcHA6Ly9jb20uZ29vZ2xlLmFuZHJvaWQuZ29vZ2xlcXVpY2tzZWFyY2hib3gv&guce_referrer_sig=AQAAAEu5MYw1Pm8tAb4BB9JNeZbxJRAvo3c-A4xyss4Lgm3ileO9VeAyHDUNgzps7_W03xHQZXT6s7SU69F5gctao-pNxEAYr6mpZKLhLyBGjmhePa8Mcysa-V04HxWD8VyOA3MQMQvgJUTG1H61m67JEFp8PNpFbx18dkFRtzGtaOcp + +Edit2: I don't want people to sell GME for crypo (what we are doing here will be taught at university and remembered)...I wanted just to show some of my though on why the US government (or any other government even european), by not doing anything, is worsening more the situation. +People will relay more on blockchain than the government after GME! + +🤲💎🚀🪐 +I'm 21 and this is my first phone contract / plan on my own. It's only me; one line. I have Verizon now which I upgraded to from Cricket. I went from a Galaxy S7 to a Galaxy Note 9. + + +I have unlimited data, unlimited talk and text, and the payment for the phone itself. That all adds up to about $140 every month, which my friends are saying is insanely high. Am I naive and getting ripped off? + + + +Edit: Itemization. I also was misleading in my post. My current bill is about $132/monthly. It would be about $150 *if* I upgrade to unlimited data is what I should've said. Anyway: + + +5GB data plan: $40/month + + +"Smartphone line access:" $20/month + +"Device payment agreement:" + + + +Device payment agreement: $41.66/month + >6/24 $749.88 remaining + + + +Here's what I found that I don't need or even know I had. "Total mobile protection" $15/mo and Verizon Cloud 500GB $5/month + + + +Surcharges & taxes are the rest. + + +It all adds up to $132.37 each month +Hello all, I'll keep it short here but since I graduated college and found FIRE, I have essentially become obsessed with the idea almost to an extreme. Extreme to the point of which I would refuse to simply get a $2-3 drip coffee at a coffee shop with a friend when I could make it for a quarter as much at home, THAT extreme. + +I've been called a penny pincher and cheap of which in 99% of instances, I would says is accurate. And it has destroyed my quality of life in a pursuit of the all mighty dollar as I have lost so many relationships as a result of it. + +How do you guys strive for FI while having fun in the process? +A new year, a new budget. The subreddit is significantly larger than last time we had a budget, so please refresh your understanding of [the rules](/r/ukpersonalfinance/about/rules) before commenting. + +The mods will be enforcing all rules as normal, with **a slight relaxation of the politics rule for this thread only** + +An example of an otherwise rulebreaking comment that we might allow: + +> This budget is at odds with the conservative party's approach over the past few years. How are they going to deal with the national debt? + +Examples of comments that we won't allow: + +> OMG tory scum blah blah blah + + + +> Keir can stick that in his pipe and smoke it + + + +> Landlords/tenants are scum/amazing and should/shouldn't be helped out in this way!!! + +--- + +# News & resources + +* https://www.gov.uk/government/news/budget-2021 +* https://www.ft.com/content/7ab638c8-d5f7-4e42-a786-3610f2c445fb +* https://www.bbc.co.uk/news/uk +* https://www.theguardian.com/uk/budget +* https://www.telegraph.co.uk/budget/ +I've been a renter for 20+ years because saving to buy has never been an option. Now, I'm middle aged, still paying other people's mortgages with my rent payments. I help them pay to keep two houses which prevents me from ever being able to save for my own. + +Since benefits ended in my state beginning of the summer, things have been very tight. I applied for rent relief mid-August and was approved but nothing has been mailed yet and I'm having to pay rent instead of bills waiting for the funds to come in. So my credit score, which I'd been working on for over a year, is completely obliterated within 1.5 months. I'm racking up late fees and my landlord doesn't see me as a reliable tenant anymore. Now, he is telling me I need to find a smaller place, when I have no money for a deposit or first month's rent and shitty credit. + +Yes, I'll "just move somewhere cheaper". Let me, a disabled woman move my entire home alone with zero dollars and a credit score of 250 (not an actual number but may as well be). I've been homeless before so I know how not easy it is to "just move". + +Applying for a little help for a couple of months while I finished restructuring my business has blown my life up. When you've been working class all your life like I have, your grip on stability is so tenuous. By middle age, the despair has a flavor, you can taste it. These constant struggles - housing instability, exorbitant bills, working 60 hours to only pay bills, healthcare too expensive even with insurance, it is all killing me and no one cares. It honestly feels like the best option is to find a ditch and crawl in it because my life is nothing but struggling alone. + +Bootstraps are bullshit. Hard work earning you a better life is bullshit. Karma is bullshit. We do not live in a meritocracy. People start off with a fuck ton less than others and get no help to make up for it. I've lived under every cliche the repugnicants have sold my parents about bootstraps and being judged on merit and it has done little but traumatize me and leave me disabled. Now, my middle class parents have impoverished children and take no responsibility for it. Please, just make it stop. +Are you buying the Reddit ipo? + +Or do you think they’re relying on us pumping it. I personally don’t think I will because fuck them if they think they can use us as a tool. +Monkey only fight for monkey + +Plus with so many other good stocks basically for sale right now I’d rather be buying dips. + +On the other hand, Reddit pumping could create attention and bring more people to it thus creating a bigger pump. There’s a strong degen play here. Does anyone have a convincing argument that this could happen or is everyone in the same boat as me? +Edit in response to some of the comments: + I see empty shelves, I see a low price and I ask why, that is all.. whatever your reading into the question ..ISN'T THERE. +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). +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/EKU2tVBp9u) +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/EKU2tVBp9u). +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). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +1. Debt free + +2. Cohen in charge of the board (chewy bested amazon in the digital pet products war) + +3. Amazon's best ecommerce people joined the board + +4. Crypto-Currency and Blockchain personnel added to the team + +5. Esports transition + +6. Monopoly on brick-and-mortar video game sales in the U.S. coming out of the pandemic + +7. 300% increase in revenue from e-commerce sales addition + +8. Possible dividend and share recall during earnings and vote coming up + +9. Gamma Squeeze shown to be highly likely by analysts this week + +10. Negative beta ensures protection against a falling dow jones +I have seen a bunch of posts all over reddit about people getting blown out of the water. This is probably due to overleverage, however; this is meant to give you some context about what has happened in the past. As you can see from all the images there were considerable drawdowns and the market moved higher. Will this happen again ? Who knows, watch price, however; what is happening is not the end of the world. If someone you know is losing their shit, you should share this post. + +In 2010, I took my biggest loss in my trading history. Europe was exploding, we had this thing called a "flash crash" (Google it) and were barely out of the GFC. You can see the from April until August it was a straight up meat grinder. I shorted the market playing for a head and shoulders breakdown and it never happened and the rest is history. The rest of the pictures show corrections including Brexit and Ebola in 2014. + +&#x200B; + +Know your timeframe and manage your risk. + +&#x200B; + +[200 day moving average](https://preview.redd.it/1cjpy6cycmd81.png?width=1917&format=png&auto=webp&s=992556b2c3464abfc65e1c98ef3ace0e1366dd7f) + +&#x200B; + +[Today](https://preview.redd.it/y8uewwr1dmd81.png?width=1911&format=png&auto=webp&s=cb07363e536bf07f8ea4fcf2006dbd7278345bf5) + +&#x200B; + +[2018](https://preview.redd.it/qbdw5773dmd81.png?width=1919&format=png&auto=webp&s=22331f40379537729005eb12bc2e7cc9d6d822ec) + +&#x200B; + +[2015](https://preview.redd.it/kmo388c4dmd81.png?width=1849&format=png&auto=webp&s=a04a94009ad60538b9930eba4dbadceacd5a7108) + +&#x200B; + +[2014](https://preview.redd.it/nazazxd5dmd81.png?width=1881&format=png&auto=webp&s=de738184982ae4f002b89e31c676c437cbbec2a8) + +&#x200B; + +[2011](https://preview.redd.it/ekmdn5a6dmd81.png?width=1909&format=png&auto=webp&s=aafc6797f52aaaa6cbf217e13a40a2d73250d2cb) + +&#x200B; + +[2010](https://preview.redd.it/58dd8cf7dmd81.png?width=1897&format=png&auto=webp&s=b4170ba62f26d4dcd7fd7192253a5f8fbd807293) +Hi all, + +I have been doing CSP since mid June 2020, and had phenomenal results, but was mostly trading REITs and banks in a hell of a bull market, without really have much of a risk management strategy in place. + +Since December 2020, I decided to test the strategy with more volatile stocks, with the hopes of implementing by April 2021 if I'm happy with the results and my risk management approach. I'm trading with the same amount I'll trade with in terms of overall exposure, and with the same risk management strategies I hope to apply. + +Here's what it looks so far. I'll update my journal on a monthly basis, hoping for any form of constructive feedback. See below for details on a few lines, and at the bottom of this post is my ledger. + +* In green are the closed positions (whether at a loss, or not); in yellow are the open positions +* Current stock price is updated with a 15-minute delay, based on Google Finance data +* Premium generated and positions closed in one month: $5,100 +* Premium generated, including positions still open with expiry in February: $14,452 +* All the stocks on which I sell CSP are stocks that I am also long in my non-options portfolio. They are stocks on which I did proper due diligence and to which I am comfortable holding long-term, should I get exercised +* My key column that I use for risk management is " Gain/Loss of underlying Vs. Strike Price (%) ". The approach I decided, so far: + * If the underlying goes 15% or more under the strike price, rollover at a loss + * If the rollover goes another further 10% or more under the strike price, either rollover and double my exposure (do two contracts, as I did with FUBO) or abandon this stock. This all depends on (1) the price of the stock (I wouldn't do two contracts of a stock trading at more than $75); and (2) whether I still believe in the company as a whole, or not + * If I'm close to expiry and the price is close to strike price, then I have to decide whether I get exercised and sell call options, or rollover at a small loss. I'm indifferent here, it will all depend on which trade is more profitable + +[https://imgur.com/a/N6m0n45](https://imgur.com/a/N6m0n45) + +&#x200B; + +**EDIT: First award ever, thanks! :)** + +**EDIT #2: I was DM'ed for the template that I use,** [here is the link](https://docs.google.com/spreadsheets/d/14YmauKMsDhpWwCuN5xFFRxUTWnMKGYdXux3HHn6tUsQ/edit?usp=sharing)**. I inspired myself off a few sources, it's by no means my creation, and will gladly share with you all** +I’m a reformed WSB Degenerate. Tired of losing on buying call options. Going to start selling puts and see how it goes. I want to document the journey and thought I��d might as well share it here for anyone curious about theta gang, especially because I plan to wheel TQQQ. + +I’ve seen a lot of mixed opinions on wheeling TQQQ but everyone agrees, it’s risky. The plan is to sell weeklies to reduce the chance of a negative macro event nuking the market while I’m holding a weekly instead of being hand cuffed for 30-45 days. If times are uncertain, I’ll probably skip that week. As far as delta, I’m still unsure. I’m thinking around .15 but we’ll see. + +I’m waiting on my 15k to deposit into Robinhood, should be available by 10/21. But today my journey officially started. I got my toes wet with a simple position before I put in some serious money. + +**10/16/2020** + +APHA 4.50p 10/23 (x2) +Premium: $16 +Assignment: TBD + +See you next week boys. +Hello redditors, I'm very interested in studying Econ at university (I'm currently doing my A-Levels in the UK, much like the last two years of High School in America I imagine) either on its own or in combination with Philosophy or as PPE at Oxford (I can always dream eh?) and I'd if I could, I'd like some help: + +Where did you study, what was the course like? Did you combine it with anything in particular, either for personal interest or as a compliment to the course? How did you plan on using your degree and how did you end up using it? + +I'm really just looking for some advice outside of my school's career advisers (not that they aren't good at their job) from people who were in my position and what they wish they'd been told. + + + +Thanks :) + +EDIT: Wow, I went to bed after the first couple of comments and waking up this morning saw many more. Almost 24 hours after asking the /r/econ collective I have 110 comments to wade through - Thank you all for your contribution I look forward to reading :) +Hey sorry if this is the wrong sub but I’m looking for advice. Me and my bf are not married but he wants to combine accounts. He makes about $10,000 more than me a year but has a lot more debt than me. +We have a rocky relationship but will be having a baby in a month. + +My question is what kind of precautions should I take? If we breakup will I run into any problems? Are there any additional problems I could be getting myself into by joining accounts with him even if we do t breakup? + +I worry about sharing an account with him because it could cause additional arguments and issues. +This sub has been very conservative in deploying capital in real estate, especially in primary residence. In the past I’ve seen people referring to 10-20% of NW + +How possibly someone living in a VHCOL city can purchase a flat without exceeding those thresholds? + +Assume you live in London, in your 30s and have a NW of 2.5m GBP. You will NEVER EVER live in a flat of 500k, there’s simply no property like that. Most likely you will buy something in the range of 1.5-2m, put an equity of 300-500k. Your equity to NW can be 20-25% but the house can be worth easily 100% of NW + +Is there any other way to approach this in VHCOL? Alternative is renting but rents are now getting way out of control; the gap between interest expense and rent is quite significant if you compound it say next 5 years + +Thoughts welcome +http://money.cnn.com/2018/06/20/technology/tesla-sues-employee/index.html + +"He said that he discovered that 1,100 damaged battery modules were installed in Model 3 cars that are on the road today. He said that he was also concerned about excessive scrap that is being stored in a dangerous manner on Tesla's property in Nevada that will be expensive to safely dispose of in the future. And he claims that Tesla inflated the number of Model 3's it made when it said it had built 2,020 of the cars in the seven days prior to a much anticipated April 3 report. Tripp said the actual number is closer to 1,900." + + + + +[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) | [📈 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) | [🤔 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) 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!* +It seems people buy QQQ for the tech tilt but why is this the general go-to? There’s no guarantees it will stay this way and you may see more tech companies listing on the NYSE instead of the nasdaq one day. I see some advantages to QQQ given it is technically a broad index and it has performed well no doubt. + +But are there better options than QQQ like MGK or VGT? VGT seems bad given it has 40% in two companies. Or are there other reasons you or other people you know prefer it? + +Edit: I’m referring to buy and hold. I’ve often seen people go 50% VOO / 50% QQQM +Up to 2020, if you wanted a safe, low-volatility security that provides steady - albeit modest - returns, there was one obvious answer: US government bonds. + +Low volatility, virtually no long-term risk, modest returns that were still likely to beat inflation most years, and the added bonus of inverse correlation to the market providing excellent liquidity options when the rest of your portfolio (stocks, naturally!) is down. + +The perfect choice. + +Unfortunately, this party recently ended, with government interest rates dropping to zero. + +So what's the alternative? + +I have one and a half answers to this question: + +1. **TIPS:** I don't know too much about them, and would love to get more opinions, but on principle, if your only goal is to preserve the real value of your funds, then TIPS seem like they should do the job. +2. **Get a mortgage and buy a house:** this is just a half-answer, since a house isn't a security, and clearly YMMV. However, in this low-interest environment, buying a house on a mortgage seems like an obvious choice. + +Thoughts? +What would be your 5 growth stock picks for 2022? About 50% of my portfolio will be made up of VOO and VOOG for steadiness and diversification. But I like to add in some single stocks to give a little more growth. We can look back at this post in 1 year and see how our picks played out. My picks are MSFT, ODFL, TSLA, INTU, GOOG. And my wildcard would be ABNB. I think tech is still going to reign supreme, it’s just hard to beat the profit margins and scalability. +What would be your 5 growth stock picks for 2022? About 50% of my portfolio will be made up of VOO and VOOG for steadiness and diversification. But I like to add in some single stocks to give a little more growth. We can look back at this post in 1 year and see how our picks played out. My picks are MSFT, ODFL, TSLA, INTU, GOOG. And my wildcard would be ABNB. I think tech is still going to reign supreme, it’s just hard to beat the profit margins and scalability. +A few years ago my neighbor fell behind on both her mortgage and her association dues. The HOA put a lien on her property. (I saw this listing show up on the Sheriff auction sites a few times but it kept getting pushed back.) Eventually she moved out. I think she just abandoned the place. + +The HOA reportedly foreclosed and took possession of the house. Another family moved in last year and has been renting the house directly from the association. + +This morning I got a notice that the house is now in foreclosure from the bank and is going to be auctioned off next month. + +I'm not getting involved, but what happens in this case? I'm just curious how this works. + +EDIT: First, I'm in New Jersey. Second, regarding the house's equity, from what I can tell she bought the property at the height of the housing boom in the 2000s for about $350k. Maybe $360k. After the crash the properties around here tanked, bottoming out in the low 200s. Only in the past couple years have they recovered. Zillow has the house at $342k right now, which seems a little high, but other houses in the neighborhood have sold in the low 300s. The Sheriff's website is listing the house for $269k, which I'm guessing is what they still owe on the house. The HOA lien is probably still in place. That's another $8k if memory serves. +I’m new to this. Own a home in California. It’s rented out for the year at $15k a month. Mortgage payments for us are closer to $9k. + +Eventually I could sell this property and maybe have $1m to re-invest but I’m not that confident yet. + +We are moving to South Florida and have $100k saved up to buy/invest. Down payment for a mortgage. We could say we will reside there as primary residence. But we already have somewhere else to live. So this is an investment/rental. + +The dilemma is where in South Florida? +SFH? +MFH? +Apartment building? + +Again. So new to this and not looking to crush deals but get started with a second property. But I could buy two cheaper homes or one nicer home? + +Some south Florida homes that are $500k were sold for twice that in 2008. That’s insane. + +Been reading this thread for weeks. My first post here. I know it’s a common question, but where do I go from here? + +Any advice is appreciated. +My wife and I currently live with my parents saving up tons of money (relatively speaking - enough for downpayment and repairs). They like having us there, we like not having to pay rent, and have settled in well for a while. + +We talked about a first home, but thought we might actually want to buy a duplex or something and rent it out instead whilst living with my parents - that way we don’t hVe to stress about house payments if nobody is renting it out as we can afford the payments ourselves if need be. + +Ultimately the goal would be to continue to build properties over time and rent them all out as long-term investments. We’re both relatively young and want to get started soon, but don’t really know where to start (and my wife is a bit nervous about it). + +Any advice and tips? Much appreciated. +https://www.cnbc.com/2019/09/17/boeing-says-china-needs-to-spend-almost-3-trillion-on-new-planes.html + +China is widely tipped to become the world's largest aviation market. + +Boeing has upped its market forecast for the country to suggest almost 8,100 new planes are needed by 2038. + +Boeing's drive to work with Chinese companies has been slowed by the grounding of the 737 Max. +let me explain, bacterias evolve to be resistant to certain antibiotics if used too much, one way to solve the externality it's a tax on antibiotics, but increasing the price of medicine isn't sensible, so what alternatives there are?, one thing i thought was a cap and trade policy, but that might also increase costs because ill people might have to buy the permits. + +so, what's the best way to solve it? +This isn't about whether such a system is feasible, or its privacy drawbacks, or a debate on xenophobia and immigration policy. I'm just honestly curious what would happen if the Republicans could wave a magic wand and achieve this goal. +Following the recent Toshiba news, I was wondering, what can be the reasons that a large corporation can fail and go out of business (not just Toshiba)? These companies have hundreds of thousands of employees, can attract and pay very smart people to work for them and make smart decisions. Yet somehow they can fail as any other smaller business. You would have thought that at some size a company becomes too big to fail. +I read this piece in the Washington Post: [https://www.washingtonpost.com/outlook/2020/04/08/were-short-hospital-beds-because-washington-let-too-many-hospitals-merge/](https://www.washingtonpost.com/outlook/2020/04/08/were-short-hospital-beds-because-washington-let-too-many-hospitals-merge/) + +This line stuck out to me: + +> A broader lesson from this moment is that public health is — as most other countries in the world believe — a public good + +The question is: Is public health a public good? If so, then what makes it non-excludable? If not, then why do people believe that it is a public good? +I don't have a background in economics and I don't want to have to make up why this is wrong off the top of my head. The argument has gone: + +Him: +>Re: economic incentives and "science" - economics is not a science. Economics research does not obey the scientific method and is based around a set of assumptions which, in many cases, are not falsifiable. + +>It could be more correct to say "current research" but this ignores the extreme ideological bias of most current economic research. + +Me: +>You're thinking of the method of the natural sciences. Economics is a social science that has been through its Newtownian (mathematical) revolution, while most, so the passage goes, are still looking for their Darwin or Pasteur. + +>Which assumptions are not falsifiable, by the way? + +>Ideological bias is a gross misrepresentation. Any scientific model could be described as ideological given its relative simplicity compared to reality, but if we didn't have models we couldn't test hypotheses and theories. The point of a scientific model is not to be True but to be verisimilitudinous. To be as accurate as is possible. This can't be done without simplified models. I understand that you may be uncomfortable with the crudity of economic models compared to the models of the natural sciences, but that is simply because economics is a much cruder science than the natural sciences. That doesn't, however, mean that it is not the best understanding we have of this area by far. + +Him: +>"Which assumptions are not falsifiable, by the way?" + +>Throw a dart, in economics - rational actors, maximising utility, competition, perfect knowledge, etc. For goodness sake, there is an entire branch of economic "science" that rejects any of its assertions being falsified by data. + +>Economics is inherently ideological, which is why it has schools based on the frame used to analyse data - be that orthodox, neoliberal, Marxian, any of the various orthodox subgroups like ecological economics etc. It's based around a set of assumptions which are at their core value statements. Even a statement as simple as "humans work to maximise individual utility" is an ideological statement that dips into assumptions regarding human nature which are hardly established. + +>When you say the economics of business incentives are "the best understanding we have" - which school of economics are you referring to? What are the assumptions their researchers have used to produce this research? There is no one consensus answer in economics on any given question, and to act like their is is an ideological position. + +>I'm not uncomfortable with "the crudity of economic models" I'm not comfortable with the idea of our policy being based on the assumptions of a single school of economic thought and presented as "science." + +Any assistance here would be appreciated. This isn't a random internet argument, by the way. There is a lot hinging on this belligerent not appearing to be correct to anyone. +Everyone on the planet knew the PlayStation 5 was going to sell out the day it came out, so why wasn’t it priced higher? Isn’t that what capitalism is about, finding equilibrium between supply and demand? + +Obviously this not just a question about the playstation 5. +I am thinking about a country with no income tax but instead heavily taxing things which can be conceived of as “the common property of all people”, for example land as well as natural resources. Maybe it could be conceived as leasing the land and paying rent directly into society’s coffers, i.e. the common bank account of all citizens in a sense. + +The idea would be that the government doesn’t have the inherent right to take certain kinds of money from you, like income is an agreement solely between you and your client/employer. + +It would also be about increasing aspects of “Laissez-faire” economics like eliminating the minimum wage but also instituting a universal basic income. That would give people more freedom to pay people for any task whatsoever any amount they want, it might give the economy more variety and efficient allocation of labor to demand; yet there would be a bare minimum default quality of life due to universal income so people wouldn’t be exploited by being forced to take bad jobs for poor pay. + +Is this similar to any economic theory or plan in the world? + +Or at minimum have there been any successful countries with no income tax? + +Thanks +https://www.forbes.com/sites/jeffreydorfman/2014/06/05/10-essential-economic-truths-liberals-need-to-learn/ + +A lot of the stuff in here seems really stupid, but the author is a professor of economics. Someone help me out please. +Countries like Norway have very high GDP per capita but living costs are very high also.I am wondering is this much wealth really benefit to average people . +If you look, you can see that our domain was registered a month ago. That's right, we were here before the Elon Tweet. And we plan on being here long after, unlike some others.. \*cough cough\* ahem. + +&#x200B; + +BabyShark was brought together by a team of friends who have been shitcoining for months. We've been through it all together - The pumps, the real deals, the dumps. We came together to create BabyShark. And began pouring our heart and souls into it. + +&#x200B; + +Through our determination and efforts we will tear through the BSC space. Uniting people from all over for a good cause, and making a difference where it counts. We have an upcoming partnership with the gili shark conservation [https://www.gilisharkconservation.com/](https://www.gilisharkconservation.com/) , which will be finalized upon our first donation to them next week. + +&#x200B; + +Our charity fund innovates a unique feature that forks directly into BNB, so there will never be any selling pressure on $SHARK in order to donate. The good things will just keep flowing. + +Join us at 9PM EST in telegram for our official AMA! We are happy to answer any and all questions about our project. + +&#x200B; + +Soon every week will be SHARK week ;) + +Website: [https://www.babysharktoken.com/](https://www.babysharktoken.com/) + +&#x200B; + +TG: [https://t.me/BabySharkToken](https://t.me/BabySharkToken) + +&#x200B; + +Twitter: [https://twitter.com/BabySharkToken](https://twitter.com/BabySharkToken) + +&#x200B; + +Contract: 0xcc9b175E4b88a22543C44F1cC65B73f63b0D4EfE + +&#x200B; + +We hope to hear from you! + Elongate has been a sleeping giant since the last BSC hype. They are charity focused but it's not their only focus. Since their previous all time high they have gone into overdrive, going from just a meme token to a tech development company. They're building out an ecosystem that supports their mission to merge earning and giving. Right now they are rocketing up in the charts, their volume just jumped over %1500 in 48 hours. + +One of the tech projects that's going to directly benefit the holders is their Crypto Lightning Exchange. This is an application that will be native to Salesforce. For anyone who doesn't know how huge this is, Salesforce is the worlds leading sales management software company, they provide a suite of products to over 150,000 companies worldwide, over %80 of Fortune 500 companies use Salesforce. There currently exists no application built into their dashboard that allows them to manage crypto. + +**Elongate has named the application "Crypto Lightning Exchange", it will allow Salesforce enterprise clients to automate their crypto sales process.** + +* First of it's kind application native to Salesforce +* Swap any crypto to any crypto +* Automate transfer, swaps, transactions, etc.... +* Pull KPI data +* Pull data on transactions, transfers and swaps +* and more... + +**How does this benefit Elongate holders?** + +* Every transaction has a 1% fee +* %0.5 portion of the fee will be used in a buy-back-and-burn process, both rewarding holders, decreasing circulating supply, and adding buy pressure +* The other %0.5 portion of the fee will go directly to charity and generate social impact + +As always: **DYOR!** + +Edit: they are also teaming up with YouTubers Mr Beast and Mark Rober for their Team Seas campaign to clean up the plastic from the worlds oceans, they're also the title sponsor of Venture Into Cures which is a campaign to fund research for the rare disease EB and will include a long list of celebrities, and they just had a cable television segment air on LifeTime TV. +We're coming up to several important dates reegarding share recall. I think it's safe to temper expectations in light off the recent market manipulation of GME. Let's take a historic view of what has happened previously with BlackRock and share recalls as well as some base knowledge regarding recall risk. + +**We’ll cover:** + +1. How do shorts, short? +2. Why loan to a shorter? +3. WTF is recall risk? +4. What drives an Institution to recall shares? +5. Some spicy speculation on BlackRock +6. A look ahead to what’s on the horizon (more spicy-ish speculation) + +Let’s get into it, and as always - hit me up with conjecture, opinions and thoughts! + +# 🩳 How do Shorts, Short? + +Let’s start with how short-sellers actually get themselves into a position too short in the first place, I feel like this is an important part overlooked by many. + +**Hedgefund:** Hi BlackRock (or any other large lender), you **willing** to lend me this stock so I can short it? + +**BlackRock:** Sure buddy, just give me collateral equal to it which is marked market value daily and a haircut on top then we got a deal! Oh, I’ll also charge interest for the time you’re borrowing them - hope you don’t mind. + +**Hedgefund:** Sick, can’t wait to run this company into the ground! Thanks! + +*Marked market value = An increase in stock price prompts a margin call for more collateral, decrease in price entitles short seller to withdraw some* + +As we know from before SI % was adjusted, it was well above 100%. I’d link, but it’s well documented anywhere on [r/GME](https://www.reddit.com/r/GME/). + +So repeat the conversation they had with BlackRock with a bunch of other large lenders out there AND borrowing shares from brokers (think margin accounts), then you have what has resulted in an incredibly high SI % in early 2021 (and if you believe now, which I do, yes now as well). + +&#x200B; + +[GME SI against Stock Price](https://preview.redd.it/cxmc99enkus61.png?width=1252&format=png&auto=webp&s=aa585c6ff325333f501a036ce020c8f6f21ef6d7) + +Here are two pictures just to recap on what historical SI has looked like as well as GMEs stock price. They roughly match up on the x-axis for the most part. + +Let’s put aside brokers for another day and focus on the large financial behemoths such as BlackRock, Vanguard etc… + +&#x200B; + +# 📉 Why loan shares if the underlying asset they own is getting pile driven into the ground? + +I’ll take BlackRock as an example as they’ve been in the limelight in the recent past with [Elon ](https://twitter.com/elonmusk/status/1048015756569407488?s=20)throwing shade at them regarding short-selling practices in 2018. + +Their whole position on why they view short selling is good can be found [here](https://www.blackrock.com/corporate/literature/publication/securities-lending-viewed-through-the-sustainability-lens.pdf). They take it as, short selling is good for market efficiency, liquidity, yada yada, which hey - for the most part I agree on to an extent. BUT what i want to focus on here and in many other [papers](http://daniel-schmidt.eu/pdf/passivelenders.pdf) is that stocks with a high % of large passive investors, through lending and short selling result in **faster price discovery**. + +**Thought exercise:** + +Take a moment and put yourself in say BlackRocks situation, if say, Shitadel or Melvin, or any one of a hundred different HFs came to you asking to borrow not just GME but any stock for shorting purposes + +Why would you say yes to letting them short it, knowing that it leads to faster price discovery? + +\-------------------------------------------------------- + +Intermission. Use your brain and think about it, you smooth brained ape, develop that wrinkle! + +&#x200B; + +https://preview.redd.it/gl9ilg5qkus61.png?width=1284&format=png&auto=webp&s=6b22725f7312e6a9b42285f2313293bfca14b9df + +Intermission over. + +\-------------------------------------------------------- + +Faster price discovery is [associated ](https://www.idc.ac.il/en/schools/business/documents/paper-june-sokolinski.pdf)with a lower likelihood of large negative returns (there’s a lot of research that aligns with this). + +Or if you followed a similar thought pattern to me in the exercise above: + +*“If I find the ground truth faster of a stocks price, I can probably manage my risk better when it comes to returns for my investors.”* + +The other side you may have thought of regardless of price discovery or not is: + +*“I have done my research, and I think this company is undervalued and will increase, so I’m happy to lend my shares for some decent $$$ in the meantime”* + +Note, the above steers clear of the more speculative reasons such as intentional market manipulation - I’m proceeding with what I view as a fairly solid assumption that passive investment funds are playing a “fair” game. + +If they innocently lent out the shares with either of these forethoughts and were faced with the impending collapse in stock price, **why did they not recall their shares earlier to protect their clients?** + +&#x200B; + +# 📉 Recall Risk + +The two main risks short sellers take on when shorting are margin risk and recall risk. We’ll be focusing on the latter. + +Recall risk simply refers to the fact that lenders (or brokers) are able to recall borrowed stock at any time, triggering involuntary close-outs. We don’t know when passive funds lent their shares to shorters such as Shitadel and Melvin - but what we do know is and as mentioned above, SI remained at a reported high until early 2021 (and again, if you believe as I do, remains high). + +As such the assumption here is that shorters have been living under the umbrella of recall risk for a long time now. + +&#x200B; + +# 📈 What Drives Institutions to Recall Shares? + +There has been a decent amount of research on this topic, most arriving at the same conclusion yet again. Here’s a quote that sums it up nicely from a [paper from UNSW](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2831261). + +>*“....High recall activity coincides with institutional selling of the stock and precedes stock price declines, suggesting that lenders recalling the stock act on superior information.”* + +Well, that goes against everything we’ve observed…. or does it…? + +&#x200B; + +https://preview.redd.it/ij6svjuskus61.png?width=1348&format=png&auto=webp&s=50618014ce6ceca62c8134c173502e4f536267a5 + +Let’s go back to our candle chart, marked here is when the last share recall was announced in 2020. It’s also well known that BlackRock did not recall their shares then. This indicates that they were lent out. *(We also witnessed an increase of double in price due to some shares being recalled i believe)* + +&#x200B; + +# ⏪ Rewind, Why didn’t BlackRock Recall Shares in 2020? + +**Activism Existed before RC** + +Few may know that activist action began before RC, although they had a [different take](https://news.gamestop.com/node/16636/html) on [“activism”](https://www.thebalance.com/what-activist-investors-mean-for-your-investments-4158859) compared to RC. + +Back in [February 2019](https://news.gamestop.com/node/16636/html) (and again in [March 2019](https://news.gamestop.com/node/16636/html)), Hestia and co’s (a coalition of investors) activism took on a more strategic business view lens compared to the vision lens that RC has on. This was in terms of deriving stockholder value through share repurchases, operational efficiency and hiring the right CEO and setting correct incentives for them. + +You can view this as your typical activist approach, for better or for worse. Fun fact Mr Michael Brrrry voted against them in the following section. + +**2020 Shareholder Meeting** + +BlackRock said it themselves [here](https://www.bloomberg.com/opinion/articles/2019-12-03/making-life-harder-for-short-sellers) what their logic is behind recalling shares, and hey it makes sense. + +>*“The decision whether to recall securities on loan to vote is based on a formal analysis of the revenue producing value to clients of loans, against the assessed economic value to clients of casting votes would be less than the securities lending income...”* + +Based on the notice of what would be voted on in the [2020 Annual Meeting of Stockholders](https://investor.gamestop.com/static-files/b13f5287-348a-460d-af8e-ed204416435d), we can observe that it was time to elect 10 directors, this included two from *Hestia Capital* and *Permit Capital*, who are the activists. + +&#x200B; + +[2020 Proxy Notice for Shareholder Meeting](https://preview.redd.it/3zfqec0vkus61.png?width=1344&format=png&auto=webp&s=b36fb22da4866e96134e78705e8639db682d0d4a) + +While it looks like this would be a good chance for BlackRock to recall shares to vote, does it make sense for them to? Surely this would prove fruitful for their clients? + +&#x200B; + +# 🚀 Speculation Warning 🚀(New thing I’m trying when I go into big-time speculation mode) + +Well, not exactly, we know insider information exists, and it’s evident through the research paper linked and discussed above and many others. I see a few reasons why they would not recall. + +1. They knew who would vote and how, rendering recalling shares a negative outcome for clients (if you were to make a decision that’d cost $$$, you’d surely do the game theory too) +2. Even if the activists did not get voted in, Sherman had a business transformation plan underway (the reason why Brrry voted against the activists) + +These two speculations alone, either way would be reason enough not to recall shares. Everyone knows the stock is undervalued, it’s been spelled out many times in many letters to GME, and DFV even caught wind through his gigantic ape brain. + +**In summary:** They did not recall as they knew or had an idea of how the vote would play out without them. + +&#x200B; + +# 💎 Let’s Circle Back + +>*“....High recall activity coincides with institutional selling of the stock and precedes stock price declines, suggesting that lenders recalling the stock act on superior information.”* + +So based on the analysis we’ve gone through on why passive investors such as BlackRock enter a lending agreement with short sellers, a plausible reason why they did not recall last shareholder meeting, and certain evidence they did have their shares on loan due to the prior point, that leaves us with: + +Why did they not recall when their stock price started to tank? After all, it would have produced a negative outcome for their clients if GME were to be shorted into oblivion and the quote above states that recalls usually coincide with stock price declines, in order to protect their clients. + +&#x200B; + +# 🚀 Speculation Warning 🚀 + +I believe they made a bet against the shorts, knowing full well that GME was undervalued at the time they lent the shares out (we don’t know when). I won’t go into whether they tee’d up RC, however, I’m speculating they made a bet that if the price was shorted into a range where the share price became so unbelievably attractive, and the stock so unbelievably undervalued, that someone would come along and to turn around the company. + +This is why they never recalled their shares until now, I believe they were very much happy sitting there reaping the benefits of interest being paid to them while they played the long term game. Win-win right? + +**So in summary:** They made a bet against the shorts based on the fundamentals of GME. Huh, funny that. + +&#x200B; + +# 🔮 Looking Ahead + +It’s well known we have a shareholder meeting coming up and I think the date floating around is somewhere mid-April, similar to last year for a share recall from GME. Funnily enough, I’ve been writing this DD up over the past few days, and what just came out? + +&#x200B; + +[2021 New Release Announcing RC up for vote for Chairman](https://preview.redd.it/ms1p3cuxkus61.png?width=1342&format=png&auto=webp&s=0ae0e236dd45dde6d1dfeda224166db89bfd6afd) + +This bad boy. Oh yeah. + +**What can we expect?** + +We know how BlackRock makes decisions when it comes to recalls, they said it [themselves](https://www.bloomberg.com/opinion/articles/2019-12-03/making-life-harder-for-short-sellers). + +We [have an idea](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-slate-director-candidates-2021-annual-meeting) of what’ll be on the agenda when it comes to the voting side of things (5 new Chewy affiliated directors up for vote), last year in [Schedule 14A](https://investor.gamestop.com/static-files/b13f5287-348a-460d-af8e-ed204416435d) we had the “Notice of Annual Meeting of Stockholders” that outlined what shareholders are asked to vote on in detail. We’re waiting to access this proxy once it’s outlined on their website or the SECs for 2021 **(apparently around the 15th April is what i'm reading)**. + +Now, you might be thinking based on what we’ve gone through - this feels strangely odd. There are activist investors once again, there are board seats to be voted on…. So…..? + +&#x200B; + +# 🚀 Speculation Warning 🚀 + +I’ll probably get lynched for saying this…. But it��s my speculation that I don’t believe they’ll recall shares based on the current information available. Yes. A sad ending to a long DD. We don’t often have sad endings in DDs written about GME, but hey, it’s good to remain grounded. + +A lot of predictions/speculations on here don’t come true often because we’ve got tendie-glasses on, clouding our judgement. + +**The reason I believe this is**, based on what we’ve seen happen last year, there’s a good chance that BlackRock and co know that it’d be relatively insane to vote against this (some pretty average activists investors were voted in last time right?), so as per last year, why waste money for their clients through a recall? + +Saying this, we do not have the [proxy statement yet](https://news.gamestop.com/shareholder-services/online-investor-kit). So don’t go all doom and gloom on me with the pitchforks just yet…. + +\-------------------------------------------------------------- + +HAPPY EDIT: + +Also forgot about retail investors, yes - ofc RC being chairman is a reason to recall. This is not just about institutions. + +\-------------------------------------------------------------- + +There could be another non-voting related reason for institutions like BlackRock to recall shares, which is to fuck with the shorts…. But wouldn't you rather siphon money from them while they have money until the time they implode? If what we’re saying regarding DTCCs insurance policy is true, then they’ll get their tendies regardless while removing a key enemy? + +Okay, now you can prepare your pitchforks, I'll be hiding behind the barn… + +# Saying all this, take solace knowing that the shorts are still fucked, there's too much evidence that they are in the hole (and it's getting deeper). No matter what way you look at it. + +# This is just one of many catalysts they need to dodge. We after all only need to win once, they need to keep dodging them every single time. + +&#x200B; + +# 💥 Bonus Content TD TOS Update + +You may or may not know, but I wrote a [post](https://www.reddit.com/r/GME/comments/mdnph0/more_proof_the_115_billion_buy_order_was_real_and/) trying to debunk TD TOS “bugs”. I was wrong. So I went on a mission to try and figure out wtf they were. I spent hours reconciling volume to the glitch volumes to no avail. + +Luckily a smart ape based in the US helped out and simply got on the phone to tech support to discuss them. + +In summary, this was the convo. + +>*He 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 occurring with some stocks." Here's what they asked us to:1) Take screenshots throughout the day; they're not concerned with after-hours2) Send screenshots to* [*support@thinkorswim.com*](mailto:support@thinkorswim.com) *with a title like "Active Trader Bug - Excessive Total Volume in Binned Data"* + +Interpret that as you wish. And I stress that they’re interested in bugs when the market is open. Not after-hours (yes, that’s when we usually see them, I know…). So if you wanna help TD out, feel free to follow the above instructions. If you figure out wtf is actually going on based on any hints in the above, fucking reach out so I can peacefully sleep at night one more. + +Note: The legend who had the convo did not want credit, their modesty blows me away. + +**\*\*end\*\*** + +&#x200B; + +You may carry on stabbing me with your pitchforks. \*\*While I wail in pain *“Not financial advice, I’m just an ape”*\*\* + +**Please note, this post is purely meant to temper expectations based on historical activity and logic. Any counterfactuals and arguments you have, please share so this post can be improved!** + +# Conjecture Edit Room + +**Edit:** + +u/Bladeace has made some great arguments and logic which point in favour of a share recall from BlackRock. His TL;DR as follows, and comment link [here](https://www.reddit.com/r/Superstonk/comments/mpsrno/we_dont_know_if_blackrock_and_co_will_recall_and/gubv26d?utm_source=share&utm_medium=web2x&context=3): + +>This is the perfect time to cause the squeeze. If BlackRock doesn't do it now, they lose their best chance to be in control of the situation. This is a very volatile situation, being in control means a lot. The gains of waiting are low and the risk is high. I think they will recall. + +Just as valid and logical, great AND important to understand the positive perspectives as well! Thanks again u/Bladeace! + +&#x200B; + +**Edit:** + +Thanks u/serbeardless for linking [this](https://old.reddit.com/r/Superstonk/comments/mpp2yr/why_we_and_our_whales_are_waiting_for_the_dtcocc/). It delves into why LWs could be holding back until the DTTC put up the "firewalls" before they press the ignition button. + +Highlights an important fact that there are many different scenarios that could play out and this is yet another reason why we do not discuss dates of a squeeze. + +&#x200B; + +**Edit:** Off to bed, sorry US Apes - i'll return tomorrow morning to any questions and opinions, thoughts and conjecture to add into the above :) Love ya'll +[https://www.bloomberg.com/news/articles/2018-07-03/micron-chip-sales-banned-in-china-on-patent-case-rival-umc-says](https://www.bloomberg.com/news/articles/2018-07-03/micron-chip-sales-banned-in-china-on-patent-case-rival-umc-says) + +How long do you think "temporarily" means in this case? + +Any thoughts on the long term impact of this decision? +Tell me why I wouldn’t accumulate as many contracts as possible on stocks / etfs I like and sell covered calls (Robinhood - 95% chance of profit and higher). Use the premiums to purchase underlying… rinse and repeat until premiums cover living expenses. + +Thoughts? +So here it is... + +Awesome house, built in 2011, and renovated THIS YEAR (house flipper) listed at 400k. I offer 410k, and to pay the seller's recording fees/taxes (\~$5k). I also agreed to an "as-is inspection", BUT I could back out if something crazy was found. The seller comes back and asks if I would be ok with an "informational only inspection", BUT I CAN'T back out if something is found. Meaning I'm locked in, and IF something crazy is wrong I'd be F'd. I can't imagine a house built in 2011 and renovated this year would have something crazy wrong with it, but who knows, right? So my realtor wrote an addendum saying that if the inspection finds issues $5k or less I can't back out, but if it's over $5k I can back out, which I AM comfortable with. + +Thoughts? My partner and I REALLY love this home, but I also don't want to get burned... + +**UPDATE**: Just wanted anyone new to the topic to know that the seller agreed to the $5k addendum, and said if there ARE issues they will fix them. I was also told that their reasoning for trying to make it a purely "information only" inspection was because they had numerous buyers get cold feet and drop contracts for, essentially, no reason, and they don't want their time wasted. +Feels like everyone has the same goal in life: Owning a house. + +With the current market, everyone is losing sight on that specific goal or feel super bummed and depressed because of the ever increasing prices. + +Also, I've read a reply here recently about the return of investment of someone who bought a house for 300k 30 years ago and sold it for 900k today. I don't have the specific numbers, but it was something like 2-3% / year, which can easily be beat by investing in the stock market. I found that very eye opening and it inspired me to make this thread. + +I'd like to hear about the people who **chose** to rent and invest their money in the stock market instead of buying a house. + +Hopefully the answers will be eye opening to the other possibilities or strategies that life has to offer other than just « owning a house » and complaining about the market prices. +23 years old, living in Ireland with a relatively small amount to invest (4-figures). + +Currently have a DEGIRO account but cannot seem to find any total market index funds or bond index funds on that platform only ETF's which I've been advised to stay away from (by friends in the industry and numerous books). + +Is it possible to invest in index funds in Europe and if so how do I do it? Anyone have any comments on the advice I received regarding ETF's? + +Thanks in advance +I have not understood something on how ETFs work, which I cannot seem to find the answer for. I understand the answer could change depending on the ETF, but anyway here is my question. + +I understand that by buying 1 ETF (eg. VTI), you buy 1 bundle with small pieces of many stocks. A small piece of Apple, a small piece of Facebook, etc, and finally a small piece of the company X. Let's assume that this company X is removed from the index that VTI is following, so it is removed from VTI. When I buy the ETF again, the new bundle does not include the company X stock. But what about the pieces that I had already bought earlier? Do I still own the small pieces of X stock or the old ETFs that I had bought are automatically updated based on the current composition of VTI? + +(Or my question is completely irrelevant because I have misunderstood something basic...?) +Hello everyone, + +I've been a profitable trader for years at this point and I've seen, experienced and dealt with pretty much anything that the market or any trading-related circumstance could throw at you. + +I sometimes browse trading communities for fun and engage but there is one thing that I only ever rarely see people talk about. It's one of the most crucial things for me and other successful traders that I've had the pleasure of talking to. That thing is: + + +**Preparing for your trading session.** +(Considering you have a trading session and you are serious about trading) + +Trading is just like sports or arts. *You have to be focused and enter the arena with the right mindset.* +Likely half of the people on here could probably make half-decent traders if they had the ability to laser-focus and string together everything that they have learned. The thing is that they can't\*. And they aren't putting themselves in a position that makes it easier on them.\* + +Just like the top 1% of athletes enter their field with unshakable focus and a cutthroat attitude, so should **you**. If you want to be a professional that is. + +After painful years, I've gotten around to being a pretty decent trader but my greatest successes only ever came after I managed to enter my trading sessions in peak concentration. [Flow State, as some might call it.](https://en.wikipedia.org/wiki/Flow_(psychology)) + +Here is what I like to do: + +Before each session, I take about a 30-minute walk; +For the first 10 minutes, I just relax and listen to my body, similar to meditation. The remaining 20 minutes I critically reflect on my past trading session(s) and what I would do differently if I was trading them right now. I revisit all my unnegotiable rules and reflect on how I feel - which will correlate to how much I risk for the day. +I keep repeating things to be mindful of and imagine myself facing all sorts of trading-related problems and how I would solve them. +By the time I get back home, I check the news calendar for the day, decide on a daily goal (**never** set a profit goal), and enter my trading session in an extremely relaxed and focused state. + + +This is one of my biggest edges. I hope it helps. Good luck everyone, and happy holidays. +I work at a very large company in an entry level position with 1 year experience hired right after undergrad in the field I studied and enjoy my job 95% of the time. I make 50k a year with 5% 401k match in the mid Atlantic region of the US, and will get 5k a year in tuition assistance to start my masters next spring when I will be eligible. + +Unfortunately, my personal growth plans are likely not going to align with my expected growth at this company but there is a lot of stability in my position. I am able to live at home for now and save a decent amount of money but I couldn’t afford to live on my own if I wanted to on this salary + $1000/month student loans. + +I want to progress in my career but I just don’t know when the right time to make that move would be? I see people saying that I should just jump ship to make more money but I’m scared that the economy is going to take a massive shit soon and I could be trading stability for a more immediate pay increase. + +I know I’m only 23 and no one can predict the future but I just want to be able to make the most educated decisions for myself and there is a lot of uncertainty in the future + +Edit: a lot of great discussions here! I think from what I can take away from this thread is that I need to always be aware of what my best opportunity is regardless of recession or not. In my situation there is no job I would be able to stay in my state for it’s basically my company and that is it. So if I got a new job I would have to leave and get an apartment. I think it’s reasonable to assume I could get a job with a 15% salary increase but I would easily be spending more on living expenses. This thread has shined light on the fact that I am in a position that’s pretty good and I am happy with my job! There are a lot of intangibles and I am learning so much about the industry I am in and building a lot of professional connections. Truthfully I would love to spend a large portion of my professional career with my current company (and ALOT of my co workers have been here for 15+ years which tells me that there is definitely value at my current company even if I don’t immediately see it). + + I am professionally hungry and want more and currently my job allows me to be curious and learn but I know the pay ain’t getting much better any time soon but all I can do now is maximize what I get out of it and leverage that when the time is right. + +Edit 2: I also work in food product development. And I asked my co worker who been working here for 42 years the last time someone was fired was 9 years ago and they were huffing keyboard air spray cleaner so I really would say I’m safe. Additional in economic downturn people eat out less and buy more of our products so I would assume i work for a less risky recession based company. + + +[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) | [📈 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) | [🤔 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Good Morning Apes! + +I wanted to apologize for the Daily post cutting short yesterday reddit was having server issues and I was unable to log in. + +GME has stabilized in the 130 range as of close yesterday. With large numbers of puts coming in at the 130-135 range for this Friday there is an obvious effort to keep the price as low as possible. This drive to push the price down can be seen here in yesterday's options flow data. + +https://preview.redd.it/xwwy1pdti2a81.png?width=897&format=png&auto=webp&s=4ef0c0b47f5233ef198e4ba114c5c3d3d7493250 + +With decent open interest in puts all the way down to 110 we could see another push today. Especially with the change in projections from the FED yesterday. + +It makes sense for them to drive the price down as much as possible with XRT beginning the threshold process today and a large chunk of ETF FTDs due Monday they will want the price low before covering. + +**I cannot emphasize enough how great of a deal GME is right now at these prices.** + +Whether you do buy & hold, DRS, options or all three. These prices are the lowest GME has been since March and $65 dollars below the average retail cost basis. If you were looking for an opportunity to get more GME or average down, this is a hell of a deal. + +Some bullish technical patterns. + +GME has relatively similar ascending-double bottoms on every significant run in the last year. + +https://preview.redd.it/ok2t5ewal2a81.png?width=1541&format=png&auto=webp&s=7a618c12090677e7e9dfb66a090af906861f1dd2 + +Today's MM FTDs are due from Dec. 1st + +[Net Short ](https://preview.redd.it/4n8yl7f0n2a81.png?width=195&format=png&auto=webp&s=388482e7dd040339d261e9d9647a5af73fb6028a) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream.** + +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... + +# + +https://preview.redd.it/bm31s7fh35a81.png?width=300&format=png&auto=webp&s=7932e47e25e353ed3242e62bd741febe568c6ec4 + +# After Market + +Today was pretty volatile and we actually had some volume start rolling in 3.4m is significantly above our recent average. We had some discussion on stream today and do not think that XRT has begun the threshold process yet. **It seems I may have made an error in counting the day of inclusion (Dec.17th) as the the beginning of the 13 trading day period when in fact it may have begun the following Monday on the 20th as RegSHO inclusion doesn't happen till after market close.** If this miscount is true it will mean that XRT's threshold process will begin tomorrow. Thank you guys for tuning in, and I'll see you in the am. + +\- Gherkinit + +https://preview.redd.it/tp773qqlu4a81.png?width=750&format=png&auto=webp&s=64cde045b7717ee949368e18bb863e1566c8b619 + +&#x200B; + +Edit 5 3:06 + +Consolidation broke to the upside + +https://preview.redd.it/aftjkyqij4a81.png?width=1532&format=png&auto=webp&s=17f45832aac7d3eede650b68b14d89fc8ab41ec2 + +Edit 4 1:26 + +Another failed attempt to break 135 this fail backed with some short volume. Looking for support to the downside some might be found around 132. + +https://preview.redd.it/0wggw5qu14a81.png?width=1536&format=png&auto=webp&s=dbe7b338654511d962da6c104a938498b5acbc49 + +Edit 3 12:42 + +Breaking to the upside of 135 with max pain at 148 there is very little resistance (1100 oi at 140p) to the upside and we could see a sustained climb back towards max pain. + +https://preview.redd.it/wt82twezt3a81.png?width=1527&format=png&auto=webp&s=da112955d3be45a2909ca479cf60f3ee23491a90 + +Edit 2 11:23 + +Nice series of breakouts driving the price higher but it looks like a second fail of the test at 132.50, hopefully we consolidate in this higher range and push up again + +https://preview.redd.it/9jqlfntsf3a81.png?width=1531&format=png&auto=webp&s=f2f49231defa8faf10554630eff919e476a13a50 + +Edit 1 10:07 + +Ramping volume to the downside after a nice spike to trick people into fomo'ing into options that would shortly have been negative. Remember they still have a large amount of put interest to the downside. + +https://preview.redd.it/3wqaps1g23a81.png?width=1519&format=png&auto=webp&s=5bd9f8cf8fefc6d9655bb347d4c2a6d2d209b406 + +# Pre-Market Analysis + +GME with a choppy pre-market a high at 135 and currently trading at 132.44 on better than average volume. + +Volume: 35.69k + +Max-pain: $148 + +Shares to Borrow- + +IBKR - 100,000 @ 0.6% (250,000 borrowed between 5:48 and 7:16am) + +Fidelity - 389,348 @ 0.75% + +[GME pre-market 1m ](https://preview.redd.it/kprkskz0o2a81.png?width=1534&format=png&auto=webp&s=d748053d4a29dfd5181880a348ba2e97c89a71d0) + +TTM Squeeze: + +[Looking great with 4 fire signals \(5-6 is ideal for a breakout to the upside\)](https://preview.redd.it/f0sruwx6o2a81.png?width=2457&format=png&auto=webp&s=b780130a19287901da612d4ae92ffb0fa5fd78cd) + +BB/KC Squeeze: + +[I expect a false signal here as the Bollinger Bands drop through the bottom on yesterday's price action before snapping back up. A similar signal was thrown before the August 24th run.](https://preview.redd.it/117kxnoho2a81.png?width=2456&format=png&auto=webp&s=2f0c635feaf412174ef8a38464e9243987e3d35c) + +CV\_VWAP + +[Volatility picking up in the pre-market as the spread overcorrects](https://preview.redd.it/64it82a2p2a81.png?width=2461&format=png&auto=webp&s=8ba68ed62bc22c4458e826d273e24556395af886) + +**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.* +A special episode of Fast Money on CNBC today. 5pm ET. All crypto! + +Mike Novogratz will be there too. + +https://twitter.com/MelissaLeeCNBC/status/917544627351236608 + +https://twitter.com/BKBrianKelly/status/917719626062139399 + +https://twitter.com/CNBCFastMoney/status/917790474336845824 + +https://twitter.com/BKBrianKelly/status/917789928821542912 +My company has recently been sold, I’ve worked here for 6 years and my 401k has a respectable amount of money in it. Since the deal was completed our 401k had been frozen meaning no more contributions from us or the old company. The new company will eventually start us on a new plan but we don’t really have any details. I just turned 30 years old I’m looking to purchase my first home soon and I’ve recently had an unforeseen emergency expense. My thoughts are I can get a lot done with the money and that would enable me to save a lot more each month, I’m just wondering if I’m thinking too short term and not looking enough long term? I plan on staying with the new company unless things really go south, so I’ll be contributing to the new 401k. + +As far as my plans for the money I would be able to pay off the recent expense, my car has 1 year left on the loan so I’d pay that off. Splitting home purchasing costs with my SO, then with whatever is left would probably be split between savings and some investments + + + +Edit: Really appreciate all the input, seems to be a unanimous “DON’T TOUCH IT.” I hear you all loud and clear, I’m not in absolute dire straits where I need the money. My thoughts were it could just help lighten the load a bit. + +Like I said details are sparse at the moment but there’s a chance I might be able roll it into the new 401k hopefully we get more information at the end of the month. +CD Howe says Canada should have a digital currency. I can't get my head around the purpose of a digital currency, because all currency feels as if it is digital anyway. I haven't used cash in two years. + +EDIT: I - more or less - understand what bitcoin/blockchain is/are. I don't understand what a Canadian, Chinese, whatever, digital currency is. Why do we need a currency not tied to physical cash since we don't use physical cash anyway? +We're in the process of shopping for a vacation home and I'm really struggling with both the state of the market and what budget to set. + +Our stats: + +* NW = \~$12M + * $7.5M in Stocks / Bonds / ETFs + * $3.5M in Home Equity + * \~$1M in everything else (illiquid equity, 529s, HSAs, HYSA, ...) +* Cash Flow + * 2 pretty stable W2 incomes combined: Base $480k, Bonus $150k + * Mortgage & Taxes & Insurance on primary home: $7k / month + * Spending outside of housing is probably $12.5k / month +* Probably going to work another 10 yrs. Wife may hang it up in 5 yrs. + +I think we're well into FI range and our desire to keep working makes this tough. Clearly a vacation home is a total luxury, but it is one we can afford. Also, it will probably be our retirement home when our kids are old enough to leave the nest (\~15 yrs from now). When we get there, we'll sell our primary home which won't have a mortgage anymore and add \~$4M (in today's money) to our portfolio. + +I'm thinking we spend $2M - $2.5M. At $2.5M, we take an interest only loan for $1.5M giving us payments of \~$6k all in. We can cover that from our W2 income. We sell $1M of investments to cover the rest and get to the 60% LTV to get the loan. + +We're still saving our bonus money \~$100k / yr (after taxes), maxing our 401ks, and letting our $6.5M compound. + +On one hand, this plan seems crazy as we're spending everything we make (base). We didn't get into the position we're in by doing something like this. On the other hand, if we don't do something like this, we're going to die with $100M and will have missed out on something we've always wanted. + +Thoughts (especially if you've gone through similar calculus)? + +P.S. Don't try to talk about why we want a vacation home. That thread is already been covered. We've evaluated the pros / cons and we're doing it. +From this article on INC: "Want to Become a Millionaire? Create Multiple Streams of Income" +link: https://www.inc.com/amanda-abella/want-to-become-a-millionaire-create-multiple-streams-of-income.html?cid=sf01001&sr_share=twitter +My previous job had their 401k and everything at fidelity. Now at my new job they offer the option to rollover to Principal. I guess it’s nice but I still use Fidelity just to check on some stocks my grandpa bought me (for retirement since “she doesn’t seem to have the drive like her sister does” ) + +Should I rollover or just keep it in fidelity? Like is there some advantage in keeping the 401k in fidelity vs rolling over? +Hey gang- +Just want an opinion from you. +Wife and I have paid off our home, could suit us fine for decades (4 bedroom, 2 bath and we have 2 kids) +I’m working and she’s staying home with the little one, currently invest about 40% of my income. + +Given the high cost of property here and my home making up a large portion of my net worth do you think it would be advisable to avoid property investing and focus on equities as has been my current line of thought to avoid being too heavy in a specific asset class? + +We have an emergency fund and absolutely no debt. +I posted in the beginning of October that I had made a budget to try and get a handle on my and SO’s finances but it felt like a mess and I was getting overwhelmed. I got a lot of great advice from the people in this sub. I wanted to post an update so people know their advice had an impact on our situation for which I am so grateful. I also have discovered a whole new set of things I need advice on, so this post will be long. + +I’ll put my main questions at the beginning and a TL;DR at the end so you can skip the extra stuff in the middle if you need. If you want, you can read the original post [here](https://www.reddit.com/r/UKPersonalFinance/comments/q55p0c/trying_to_budget_and_fix_our_mess_feeling/). + +&#x200B; + +**Advice Please** + +1. We need our house insulated. We may be able to get an interest free loan for this. This would reduce our available budget for overpaying loans quite a bit but we would get up to 40% cashback on it as well once the work is complete. Worth it? (We’d spend the cashback on the debt repayments which have interest.) +2. SO’s grandparents have offered us (we didn’t ask) an interest free loan of up to 4K to help us with the insulation. If we get the above loan we won’t need it - if we don’t, we could manage without but might be helpful. We discussed taking it anyway in order to pay off one of our loans, then we can pay them back without interest instead of paying the loan company back. Yes or no? +3. Our remortgage got approved so we will have £15k at the end of the month. Current plan is to use £2k to pay off our overdrafts as they have such high interest. We also urgently need a few things for the house (fridge/freezer, toilet fixed, etc..) and are budgeting £1,000 for that (hoping for less, but just to be safe). We discussed using the rest to either do the home improvements we want and improve the value of the house; or to pay off our debts earlier and then do home improvements piecemeal with the extra disposable income we’d then have. On the fence with both options - any experience/advice on this? +4. Have made a vague plan for paying off debts - advice on if that seems feasible please. Will leave that at the end of the post. + +&#x200B; + +**Update** + +Anyway, here is what has happened since my last post: + +* I got a new job - similar pay to my current job - but WFH and guaranteed 40 hours - more stable and drastically reduced fuel expenses +* Agreed with my current job to work 1 shift per fortnight so I don’t become a total hermit and can use the extra to pay off debt faster +* Also got a low paid but regular freelance writing job for another income boost +* SO negotiated to get a work truck home so we now don’t pay his commuting costs +* Despite an unexpected £300 bill, managed to get to the end of the month with £300 leftover for reducing our overdraft which gave me confidence we can do this - will probably end up needing it to cover the gap between paydays with changing jobs but such is life - and motivation to keep going +* Managed to reduce mobile expenditure, life insurance and house insurance each by a small amount +* Reduced our food spend by £300 despite my nan’s visit during the first week which included extra shopping and more eating out + +&#x200B; + +**Budget** + +Someone suggested reviewing 3 months' expenditure, not just 1. I did that and also tracked our spending throughout October, which turned out to be pretty helpful. On top of getting a clearer picture of how we got so off track (mostly me massively overspending on a trip home, plus my job being unreliable in terms of hours) it highlighted how many things I’d forgotten to include in the initial budget (quarterly and annual bills like mot, oil, extra horse costs during winter, budget for things like replacement furniture/white goods etc) plus other things suggested by people here like clothes and gift budgets. Yeah, I missed out a lot of stuff. + +I feel like I’ve rewritten this budget so many times now because I kept finding things I’d missed. Overall, despite the big reduction in fuel costs the budget ended up being slightly higher than my original attempt but it feels more realistic and thorough so hopefully it will prove to be time well spent. + +I’ll share the budget so that if anyone in a similar situation to me sees this post, they can see the amount of things I had missed in my first attempt and avoid making the same mistakes. Also as hope for anyone who has fallen victim to their ADHD impulse buying like us. + +That said, I am feeling pretty happy with it now so if anyone has suggestions on things I may have missed then please do share, but I will pretty much ignore any of the following suggestions so don’t waste your time; + +* Suggestions of selling my pets - just no +* Getting rid of our entertainment packages etc - discussed with SO and we did get rid of Now TV but everything else is staying +* Getting rid of one of our cars - we’ve already agreed we will in spring but it won’t be before then + +I shouldn’t have to justify this but my pets are my family; I am not selling them. SO and I had a long conversation and he is way more on board to work with me on reducing our debt, but gaming/tv are essentially his only hobby and it wouldn’t be fair to just get rid of all that. We need our more expensive-to-run car for the winter, and our more reliable car for emergencies, but in spring we will sell both and replace them with something that can do both. + +SO wanted to use overtime money for our own spending - I pushed back on this because I really want to get our debts gone and save for things like wedding and holidays, so we negotiated we will keep 25% of any overtime we make for discretionary spending. + +IDK if this is recommended but my intention is to use my bank’s pots feature to set up pots for every category in the budget and have each type of cost come out of that pot. That way it’s hidden where I can’t spend it. I am also planning on putting a small amount extra in each pot to both make it a round number and allow for any unexpected costs (for example to cover a new tyre from the car budget). + +I also know there are probably more things I can do to save money on a lot of these; at this point I’m so overwhelmed and burnt out by how much I have done - it’s worth it, but I don’t think I can do much more for the next few weeks/months at least. + +***Income (after deductions)*** + +Wages + +* OP £1,373.53 +* SO £1,701.23 +* **Total £3,074.76** + +Additional (not counted on for budget as estimated/variable) + +* OP second job £100.00 +* OP freelance job £75.00 +* SO overtime £150.00 +* **Total £325.00** + +**£3,074.76 guaranteed income, £325.00 estimated additional.** + +***Outgoings*** + +Housing + +* Mortgage £418.34 +* Council tax £147.00 +* Overpay £9.66 +* **Total £575.00** + +Utilities + +* Electricity £85.00 +* Phones £100.00 +* Oil £100.00 (overestimated because I am unsure) +* Broadband £30.00 +* Overpay £10.00 +* **Total £325.00** + +Insurances + +* Life insurance £43.79 +* Home insurance £31.89 +* Union fees £29.90 +* Car insurance £86.05 +* Animal insurance £100.00 (overestimated) +* Overpay £8.37 +* **Total £300.00** + +Vehicles + +* Car service plan £13.92 +* Car tax £45.00 +* MOTs £10.00 +* Breakdown cover £22.00 +* Fuel £150.00 +* Overpay £59.08 +* **Total £300.00** + +Food + +* Groceries £250.00 +* Eating out £50.00 +* **Total £300.00** + +Animals + +* Field rent £60.00 +* Farrier £50.00 (£75 every 6-8 weeks) +* Hay £10.00 +* Feed £20.00 +* Horse physio/teeth £10.00 +* Wormers £10.00 +* Rugs/supplies £15.00 +* Gecko food/bedding £10.00 +* Quail food/bedding £15.00 +* Dog food £40.00 +* Dog treats £5.00 +* Dog toys £5.00 +* **Total £250.00** + +Health + +* Chiropractor/physio £70 +* Therapy £90 +* Overpay £40.00 (glasses, unexpected emergencies etc) +* **£200.00** + +Entertainment + +* Amazon prime £7.99 +* Netflix £9.99 +* Spotify £13.99 +* iCloud storage £0.79 +* Playstation subscription £5.00 (£49.99 annually) +* Disney plus £7.99 +* Overpay £4.25 +* **Total £50.00** + +Spending Money + +* OP £60.00 +* SO £60.00 +* Clothing £25.00 +* Gift budget 30.00 +* **Total £175.00** + +Other + +* Furniture/DIY/home improvements £50.00 +* Savings for emergency bills £50.00 +* **Total £100.00** + +**£2,575 total. Leaves us with £499.76.** + +**Remaining money is for paying off debt.** + +Bills + +* Car plan £179.85 +* Loan £160.15 +* Debt collection agency £10.00 +* **Total £350.00** + +**£149.75 remaining for overpaying on things** + +**Debts** + +I spoke to everyone I could think of that I might owe money to outside of the loan and car finance, and made a list of the amounts and any interest. I was actually pleased that I have only about £1,200 of smaller amounts owed; last time I was mentally well enough to check, it was around £3,000 and I was making regular payments until COVID started and I lost my job. + +Current plan is to pay off the two overdrafts as they have high interest, then all the small things since I think I personally will find it easier to manage having a smaller number of debts, then pay off the two loans we have. + +As mentioned further up in the post, we may be able to get an interest free loan for some of our house stuff, which would reduce the amount of money available to overpay on debt but would give us a decent amount of cashback which we could use on the loans with interest. + +We also have the option of a 4K loan from family members which again, we could use to replace one of the loans which have interest on them. + +We are intending using part of our remortgage agreement to wipe out the overdrafts ASAP since they have such extortionate interest. + +The debts are; + +* Car finance £6,053.63...6.9% interest +* Loan £4,253.03...9.9% interest +* Overdraft A £1,000.00...39.9% interest +* Overdraft B £1,000.00...29.9% interest +* Debt Collector £581.12...0.0% interest +* Creditor A £193.28...0.0% interest +* Creditor B £172.96…0.0% interest +* Creditor C 159.35…0.0% interest +* Creditor D £50.00...0.0% interest +* Family member £35.00...0.0% interest + +Plan is; + +* Clear overdrafts ASAP with some of remortgage money +* Keep making normal payments on 2 big loans +* Set up small Standing Orders to each of the other creditors +* Pay off smaller creditors one at a time with the debt repayment budget +* Start overpaying on the big loans last. + +So, is this an OK plan for paying these off? I know paying off the ones with interest first is better but I run the risk of losing motivation/forgetting the others exist/getting overwhelmed by the number of people I owe if I do that. I did try getting advice from StepChange via the live chat feature but they want you to call and I honestly can't face going through this whole thing over the phone yet again for at least a couple of weeks. + +Anyway I know this was super long and don’t expect anyone to read all of it so... + +***TL;DR - came for advice a few weeks ago, got some great advice, got schooled a little bit, tried again, want to know if plan to repay debts is solid, want to know opinions on our options with remortgage money, potential interest free loan/cashback money, and potential interest free loan from family and what is most practical (not necessarily smartest, just easiest to action)*** +Seriosly they are pretty shady and didn't feel safe banking with them anymore. It took 2 months to move everything and I highly reccomend a service like PayPal to handel as many payments as possible so that if you want to switch banks its far less painful. + +EDIT OMG I am not banking with PayPal! I am talking about letting paypal handle the minor unimportant transactions like your netflix subscription that changes the number of things you need to worry about if you change banks. + + +**Edit**: His post was removed after a "change in the tide" and his newly created subreddit was insta-banned. I'm going full retard and claiming that vested interests don't want this idea to be successful. Because if we as a community pull something like this off - their game stops, and we write our own rules.. + +So please upvote this (no awards, the orange pixels will do the job) and get this info to our community + +*Note*: I have nothing to do with the project. No self promotion here... Also - I looked in hot, new and Top "now" and found no discussion + +**Main**: Earlier there was a post by u/dlauer promoting a survey for the creation of a new platform that integrates real data with community DD. + +&#x200B; + +[Mod comment on removed post](https://preview.redd.it/1g39rqjh5x571.png?width=1461&format=png&auto=webp&s=003dcc1fbbc4b675e6b75c084add7f6a925fce2c) + +Now, I understand the self promotion rules (I dont - because I've seen plenty of top post linking their YT or Twitter) I understand we need to be cautious. + +But ultimately what better group to get feedback on this idea then an critically engaged, smooth-brained yet informed, collection of Apes who are doing exactly what we are doing here + +We who like the stock have a world to change post MOASS. Good things take time. Why wouldnt we start now? + +[\*find a broker with TRILLIONS - Or make your own](https://preview.redd.it/9gfr5eob6x571.png?width=1201&format=png&auto=webp&s=92147300b3cca35afca09c1b361eed33d4a5bab9) + +Anyway. Here is a link to the [survey](https://urvin.finance/?fbclid=IwAR3LeIOLfPVcxBkcby265N_eG73uwZIO5eLKNgM4Vai7SxO5n7SxI7kQ1nw). I implore apes to fill it out. + +<3 you Apes. +You might not be aware of the farcical currently going on with Ledger, their app and their firmware updates unless you're inside the community forums or have recently been using your hardware wallet. It's a total mess and causing many people severe anxiety. + +&#x200B; + +**Summary of events:** + +1. Ledger release firmware update. +2. Firmware breaks the Ledger Nano S. +3. Customers advised to install old version of desktop app in order to repair device. +4. Repair constitutes the anxiety inducing process of resetting and restoring from your seed. +5. Works for some, doesn't work for others who still have no access to device. +6. Ledger release update to desktop software to fix bad firmware and allow repair. +7. Worked for some, still not others. +8. Waited until now to do the firmware update? They say it's fixed so you have the all clear, right? Bad move - it's still breaking devices. + +Their old software+firmware broke my first nano, their new software+firmware has broken my second nano. My first could be repaired, my second remains bricked. + +So as of today, hundreds or thousands of people are still locked out of their devices with the best case scenario being that a software update will allow them to reset their devices from seed. + +&#x200B; + +**Conclusion:** + +This company's main value proposition is for the customer to completely trust them, right now and more importantly in the future once they return after hodling. Yes, you should have your seed to fallback on but no, you should not unnecessarily have these redundancies put to the test. My personal redundancy involved travelling to another location, all while being locked out of my funds. + +When I use a hardware wallet, I want to feel completely confident that I can leave it for years and know it's going to be ok. This type of amateurish lack of care reduces that confidence and makes me look elsewhere, most likely Trezor. +>"The fact that the tweet of an ice cream cone can move markets will be the subject of academic study for years. It represents a dynamic where **certain stocks are now almost exclusively owned by retail and passive funds**." + +\-Kenneth Griffin, [*Financial Times* interview, March 28, 2021](https://www.ft.com/content/6c613f92-cf35-4b2e-b2b0-2ac0a6afb1fb) + +&#x200B; + +Greetings, fellow GMEnthusiasts! This post is based in [a comment](https://www.reddit.com/r/Superstonk/comments/mmxa4f/how_the_short_squeeze_buyback_works_prepare/gtubcqj?utm_source=share&utm_medium=web2x&context=3) I made a couple of days ago, which a number of you suggested I turn into a standalone post. So here it is. But before I begin, I want to be explicit: + +**I AM NOT ENCOURAGING OR ADVISING ANYONE TO DO ANYTHING** + +If you are a GME shareholder, and you believe that the MOASS is a real possibility, you probably want to think long and hard about what you're going to do when it happens. It would be nice if we knew exactly how everything was going to play out, but clearly we're working with incomplete information and a lot of unknowns. Many wrinkle brain DD authors here have provided a lot of great ideas and arguments to help fill these gaps where we can, but even the most wrinkled agree that at the end of the day, there are no guarantees that this will happen or that will happen; only varying levels of confidence in a variety of relevant propositions/outcomes. Please don't let this worry you, as this holds true for any investment you'll ever make in anything. GME may be exceptional in many other respects, but in this, it is like every other investment: there is risk involved. + +Now, the most prudent among you are probably considering a variety of different possible MOASS outcomes, what your personal strategy should be relative to these outcomes, and what evidence you might use to commit to some particular course of action. It is in this spirit that I offer the following thoughts. + +A few plausible propositions: + +1. The height of the squeeze's peak is directly affected by how much of the true float (as opposed to true float+synthetic/short-sold shares) is held by retail apes. +2. If diamond handed apes individually hold shares which together number equal to or greater than the total number of shares in the true float, and MOASS forces all shorts to cover, then \*any other\* shares can be sold to a forced buyer and the seller may name their price, as shorts will \*have\* to buy those shares in order to cover. +3. GME is likely \*extremely\* heavily shorted, possibly multiple times the true float. (I won't speculate on the exact amount, but others have looked into this at length) +4. Apes who get lots and lots of tendies from MOASS will be very likely to reinvest in GME if the price comes down from MOASS levels - they will buy the dip, and with so many tendies I expect many to buy even larger positions than they do pre-MOASS. Much larger. +5. Even after seeing the havoc wreaked on short Hedge Funds during the MOASS, some self-styled geniuses are going to try and short GME on the backside of the MOASS. + +As u/BinBender (among others) has [rightly pointed out](https://www.reddit.com/r/GME/comments/mmo9kw/from_fake_shares_to_millionaires_common/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), even if every short has to cover during the MOASS, not every share held by shareholders must be bought; only enough so that the number of shares in shareholder hands is reduced to the real float. ***OH CRAP DOES THIS MEAN I'M GOING TO BE LEFT HOLDING THE BAG?!?*** + +Relax. Eat a crayon. + +Let's talk about a hypothetical MOASS, and sort out the fate of the various shares in the "practical float" (true float+shares to be covered). This will involve some oversimplification, but bear with me. + +The first shares to go will be paper-handers' shares - some of these orders may already be on the books. Shareholders, especially those who don't hang around here, will see profits bigger than they ever imagined to see and will rush to lock in their profits. See ya, wouldn't want to be ya. They exit the rocket first. + +Price moons, forced buy orders eat up all the asks in the book until we reach a variety of ever more life-changing share prices, at which some diamond handers release some shares (one at a time, if they know what's good for them). We might imagine apes doing all they can to sell their entire positions for maximum possible profits....but, if the diamond handed among us all sell all of our shares, the number of bagholders, probably retail, is increased. Worse still, these bagholders will all be **THE MOST DIAMOND HANDED APES OF THE BUNCH**, having held their shares through selloffs at every level - remember, the price goes up *because* people sell one or more shares at ever increasing prices. + +But some shares simply will not be sold at all during the MOASS. + +# The Infinity Pool + +[No, not that kind of infinity pool. But it looks nice.](https://preview.redd.it/2carsymg0ws61.jpg?width=800&format=pjpg&auto=webp&s=d687873afa2c90ec7b4a0a8b3aefabee76fe73b2) + +Wait, what? Why would someone \*not\* sell their shares for 6, 7, 8 figure prices, should they occur? Well, some shares simply won't be able to be sold. Some shareholders, statistically speaking, will die or become otherwise incapacitated between now and whenever MOASS is, and their shares probably won't get sold. Other shares might be held by corporations or trusts with specific rules or by-laws that restrict sales or purchases of securities in various ways. Some will be in ETFs that won't rebalance for months. And some might be held by truly ascended apes who voluntarily hold them through the MOASS, refusing to sell those shares at any price. Maybe they plan to pass those shares on to their children like family heirlooms. Maybe they're kept as a memento of the MOASS. Maybe they realize that they can reach their initial price target for 100% of their shares by only selling a fraction of them and just demanding a higher price. Maybe they do it because they believe it helps reduce retail bagholding. Maybe they just like the stock, and don't know what an exit strategy is. + +For the sake of convenience, I like to refer to the subset of shares that have this property as **the Infinity Pool**. It's useful to have a term to refer to these shares, because the number of shares in this subset determines whether or not there will be retail bagholders and if so, how many. If the infinity pool is full, i.e. equal to or greater than the true float, then every retail shareholder wins, as every share outside the pool must be covered, at any price. + +# GETTING MORE SPECULATIVE: + +What if the pool isn't full? Well, as above, there will be bagholders - people who held shares they wanted to sell at some price but didn't get the chance. But before you start clutching your pearls, worrying that *that might be you* remember this: these shares are held by ultra diamond hands, who can keep on holding. And given 4 and 5 above, apes will buy the post MOASS dip, and new shorts will enter the ring. What those shorts probably didn't realize is the rebuying pressure from apes will quickly eat up any liquidity in GME, and will happily hold onto many of those shares either A. forever (in which case they are added to the Infinity Pool), or B. until the price gets back up to where it was when covering ended previously. Price is driven up again, shorts get margin called (again), maybe some new FTD timers expire, and bingo - more forced buying and another check on whether or not the infinity pool is full. Some shares (outside the infinity pool), again, will be sold at fantastical prices, and if the pool is full, "bagholders" not only get out, they get out at what is now the "true" peak, higher levels than were achieved in the first round of covering. If the pool still isn't full, well, those shares that were sold for great profits by apes on round two can be repurchased on sale on the dip. Rinse and repeat. + +&#x200B; + +[How many times do I have to teach you this lesson, Old Man?!?](https://preview.redd.it/r0rsp6cp0ws61.jpg?width=800&format=pjpg&auto=webp&s=a463a25901e85c95793d798181ecd455497ec30b) + +And with each round of ape-enrichment, it seems plausible that more total shares held by apes will enter the infinity pool, either implicitly by apes simply feeling even less pressure to sell as they already have life-changing tendies, or explicitly by apes actively deciding to commit some fraction of their shares to the **ULTIMATE DIAMOND HAND CONSIGNMENT TECHNIQUE**. + +I'm not talking about daytrading here, I'm talking about selling a share for 6-7-8 digit share prices and reinvesting at 3-4 digit share prices. This is basically exactly what DFV did in January-February. He took a few million of his investment to cash (slick of him to sell the options but hold the shares), and when the price was back down to \~$40, he bought the damn dip, big time. Now instead of locking up 50,000 shares, he's locked up 100,000. + +What if the infinity pool *is* full? What if retail holds enough shares that even after selling those they want to sell, they still (individually and not in concert) have a diamond handed grip on so many shares that the shorts **cannot cover the shares that they borrowed**? Does the price keep increasing, blasting the moon rocket past the lightspeed barrier and into another dimension? Does it just hover at the peak? Do we see yo-yo action from market makers creating synthetic longs for liquidity, only to have these time out, needing to be replaced with legitimately purchased shares which they can't get either, because the pool is full? I honestly don't know, but it's fun to speculate about. + +In any case, I'd like to reiterate that I'm not encouraging anyone to do anything. You all will make your own plans, and I'll make mine. I just thought these considerations might be helpful when strategizing about what you each will do with your own shares in a variety of hypothetical scenarios. You might not have even considered holding a portion of your shares forever, or what effects that might have on total outcomes; I'm merely bringing that possibility to your attention. Also, I'm here to remind you not to forget that MOASS is not disconnected from the rest of $GME's future and past price action; it's always a dynamic situation. In any case, as always: you do you. + +# iSn'T ThIs MaRkEt mAnIpUlAtIoN?!? yOu'Re PoOlInG sHaReS!!! yOu'Re TaLkInG aBoUt CoRnErInG tHe MaRkEt!!! + +It isn't, and I'm not. Remember, the Infinity Pool is just a snazzy way to refer to a subset of shares that just don't get sold for a variety of reasons; it's not an actual jointly-held pool of shares controlled by an individual or unified group. As far as cornering the market, that would require coordinated action by a group toward a specific goal. What I'm talking about is the organic development of a low liquidity environment for $GME, of which there is a limited supply and worldwide demand, in a situation where those who like the stock suddenly find themselves in a position to buy more of it than they might have ever dreamed possible before. You might even call it a dynamic where a certain stonk is now almost exclusively owned by retail and passive funds. + +Of course, this may have been considered already by apes who have come before me... + +&#x200B; + +&#x200B; + +[Bet he's got a few shares in the pool...](https://preview.redd.it/9ycfzuo71ws61.jpg?width=266&format=pjpg&auto=webp&s=f4040b0a88be21027a5a6f60d8bfe7c25c625b17) +Edit 2: another redditor just checked in with SLGG (moonjam hosts) and found out that they do plan on shutting down the moonjam server on Monday. So take this post with a grain of salt as new info has made its point less relevant. + +A few bullet points to keep in mind before getting to my point. +1) RC plays his cards close to his chest, he told us flat out he won’t be telegraphing his moves. +2) MoonJam is an event GameStop sponsored along with other companies. It may have nothing to do with MOASS in the first place other than some cheeky references. Could just be something to do while we pass time til moass. Could be a countdown timer. Any connections are just theories. +3) MoonJam has some community objectives AND those weren’t completed by the time it was supposed to end today. + +Bearing all that in mind, I want to bring up a community event that ran in another game, one GameStop had no hand in. Destiny 2’s the Corridors of Time. The event took place back in January 2020 for 2 weeks. In a nutshell, you would have to run through a maze, at the end you would see a hexagon shape. The shape was either blank inside or had a symbol, could have any, none, or all of its 6 sides open or close, and each side had a sequence of symbols on it. You could get a new piece every hour. In all there were almost 5000 puzzle pieces, but community members could only ever see their own. To begin assembling, people had to screenshot their piece and submit it to teams who were (essentially) assembling the puzzle. After the puzzle was solved, it became apparent the puzzle was actually a maze. So people began trying to solve a 5000 room maze to get the ONE exit. Solving the maze gave you a code you had to follow in game. To recap, you played the game to get the puzzle piece, that was then assembled outside of the game, to create a maze outside of the game, to get a code you then had to use back in the game. And Bungie (developer) never explained or helped with ANY of that. + +Bungie opened the puzzle up and if it wasn’t solved in 2 weeks they’d drop the solution. It took the community SIX days to solve it. And if you hadn’t participated you might be thinking “oh man I bet the community was stoked and rewarded for their effort”. Lol, nope. + +The reward was a cut scene and a gun. Bungie had already shown off the gun months prior so it wasn’t a surprise even though it was a pretty unique weapon. The cutscene was leaked weeks prior and while it COULD have been as big as Vader’s “No, I am your father”, due to being leaked it felt like a dud. Millions of players cooperating to solve a giant puzzle across almost a week for it to be a letdown sucked. + +I tell that story to relate a few points about community events in video games. +1) the devs have to guess how long it will take to solve. Destiny devs thought 2 weeks, MoonJam devs thought until aug 20. +2) They can be wrong either over or under. +3) The reward is better when you don’t expect it. +4) the devs make contingency plans for if the puzzle isn’t solved. + +Whether MoonJam is meant to be a shf nuke detonation clock or just a fun time, nothing is happening arbitrarily. Teams behind the scenes will move this along whenever it needs to be, your role to play is just to enjoy solving the puzzle with the community. + +Fucking art imitating life right there. + + + +Edit: I’m reading through the comments. Lot of apes saying they aren’t nervous at all, absolutely phenomenal to hear. Also a lot of apes who think MoonJam has never been connected to the stock at all or are thinking it’s possible but not likely. This is why I’m so damn proud of this community. Minds are open to possibilities without jumping to conclusions and zen at peak levels. +***Important edit*** I am very sorry apes. In my rush to get this posted I made a crucial mistake in my date calculation. My thesis is based off of u/dentisttft great work with T+35 (this is calendar days, not trading days). Please see his DD linked underneath this edit. +So, I have made a big boo boo and stated that the date to watch is 19th July, which is T+21 and incorrect. The date should be Thursday 22nd July. + +A big thanks for U/expensive_SCOLLI2 making a comment questioning this. Apes should always question each other’s theories. + +https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +This is not financial advice. I am a celery. + +Wow, what a time to be an ape. It really feels like the end game now and we are approaching some very interesting dates. + +Lots of speculation about an NFT announcement on 14th July, Bastille Day, anticipation on the 500k $0.5 OTM puts expiring on 16th July and the latest FTD cycle set to begin around 14th July and continuing to cause the SHF’s trouble over the next couple of week’s trading. + +This is great. Like most of you apes I am really looking forward to these dates. If something happens then super, if not, I don’t care. I just HODL. + +Well, I have another date for you that seems to have gone under the radar... + +Monday 19th July + +What is special about this date? + +21 trading days before 17th June was 14th May. On this day, there were 4.6 million FTD’s through ETF’s, a very significant amount of FTD’s. I anticipated a lot of action on 17th June when these FTD’s needed to be delivered. I wasn’t disappointed... + +Open: 224.00 + +High: 233.66 + +Low: 221.48 + +Close: 223.59 + +A huge ass Doji candle. We started the day very strongly with big green dildos. And the price stayed above 230 for most of the first half of trading. You could see this spike was coming from the SHF’s having to deliver on their previous shenanigans from 21 trading days before. However, I witnessed some serious price manipulation during the whole day’s trading. Every time that GME approached 233 it got a rejection. It pinged off of 233 countless times in a way that could only be price suppression. + +After a few hours of bouncing between 230 and 233, the price then declined all the way down the day’s low of 221.48, before adjusting back to close almost where we opened. + +What was significant on this day was the activity around shares to borrow on i-borrow. +Very typical behaviour around this time would be for a few hundred thousand shares to be taken of the board at open and then most, if not all, returned with in a couple of hours in to trading. +However, on 17th June, i-borrow opened that day with 1,100,000 shares available to borrow. 800,000 were taken and to this day they have not been returned to replenish back up to the 1,100,000 available. +I have to stress...800,000 is a huge amount to use to suppress the price. This is not typical. + +It is my belief that there was a huge operation to manage the price during the delivery of the FTD’s and by using 800,000 shares to suppress the price the SHF’s have created themselves a bigger problem that they need to deal with on 19th July. This falls during a period where we already expect parabolic activity due to the already known T+21 cycle and anticipated announcements from GameStop. + +My tits are jacked! 🚀🚀🚀 + +Tl;dr - 19th July is set to be a day with big upward buy pressure due to SHF’s having to unravel their can kick of 17th June (21 trading days prior). 800,000 shares were borrowed from i-borrow on this day, a very significant amount, which helped them to suppress the price and live to fight another day. + +Edit: I have incorrectly stated 14th May to 17th June as T+21. I should have stated this as T+35. +I moderate WSBN discord, and I got this message today. + +Just wanted to share it with you all for confirmation bias. + +https://preview.redd.it/cm2044mn06w61.png?width=921&format=png&auto=webp&s=764e7f29dc21c4fb595b34527bbce97f28d0a9f5 + +&#x200B; + +https://preview.redd.it/6bxv758016w61.png?width=1032&format=png&auto=webp&s=cf4d6cce7a6a0e02ea4f0b63035c23300a92fadd + +Edit: Removed name from photos to prevent people from contacting him and further spreading FUD. + +&#x200B; + +Shills are back to their regular shit. + +Buy and hold baby, Moon Soon. + +&#x200B; + +\-NFA +Im currently with QT and thinking about switching to national. I don't do any options or leverage trading. Anyone that made the switch feel free to share ur thoughts? +So I'm looking for historical financial statements of U.S based stocks. I need dividend history and financial statements for delisted stocks as well. + +Polygon.io seems to have some of this data but they don't have dividend history for delisted companies. +A family friend convinced me that bank on yourself via a whole life insurance plan was the best thing for my retirement. After paying in for 3+ years, my wife and I have just over $50k in cash value. The returns have been absolutely abysmal: we’ve invested a total of nearly $90k. + +Supposedly at year 7 years of investment we break even. Maybe that will happen, maybe not. + +If I cut my losses and cash the whole thing out, where should I put that money? + +Since I’m stupid I haven’t invested much my 401k. It’s sitting pretty at $2k. I’m thinking the first thing I should do is max that out for the year. + +Our only debt is a $90k mortgage at 3.8%. Should I make a huge payment on the house? + +I’m obviously financially illiterate so any help you all can provide would be massively helpful. I hope this post serves as a guide to others. + +Also, I don't care about the life insurance aspect. + + +-- Edit + +I'm 31 years old. + + +-- Edit + +I've put together a few graphs to help show the financial situation of the accounts. + +Paid Premiums vs Cash Value - http://imgur.com/a/BGvys + +Cash Value Less Paid Premiums - http://imgur.com/3u6L3MZ + +Cash Value as a Percent of Paid Premiums - http://imgur.com/8s3gMQG + +Percent of Contribution Applied to Cash Value - http://imgur.com/MMRiHKK + + +-- Edit + +The company I'm working with is Northwestern Mutual + + +-- Edit + +The combined values of the policies is $2.7M + + +-- Edit + +One redditor suggested calculating continued investment in the life insurance plan vs taking the loss and investing the cash value in an index fund. + +The assumption of the life insurance fund is that it “breaks even” at 7 years (4 years from now). At the current investment level, the final value would equal $185K. + +Surrendering the account today would leave me with $51K. If the cash was used to invest in a 5% index fund while maintaining identical additions, the total equals $162K. At 7% 171K. At 10% $187K. +I got curious and took a look. I can see how the scam works but it looks like they're still taking a risk. + +It requires 17 tron to withdraw the usdt (trc20) balance, and I can see that they clearly have a bot that automatically withdraws the tron balance before it can be used to transfer out the usdt. + +But how can they be so confident that someone else wouldn't make a bot to do this faster? Not to mention it doesn't seem very lucrative. They're only making about $1 per person they scammed. + +I suspect it's against the rules to give out the seed phrase here, but it's a scam anyways. Just curious how they can be so confident that someone won't build a faster bot. + +If anyone wants to see the scammers address it's TJzPf3sJ9UaqHPdcu9Jzia6dCVCMpMAvtb + +Edit: +Tried staking a balance that was deposited before the bot withdrew it. Can confirm its multisig. Honeypot explanation in the comments explained it perfectly. + +Edit edit: +I do not give permission to coins news to repost this on their website. :) +This is my first year at the company and I didn't get annual increases at my last (which was first job as a grad) so I have no idea what the typical rate is. I understand inflation is estimated at ~6-7% so in reality this is a salary decrease, should I be asking for an increase in-line with inflation? + +Edit: for clarification I'm not a 'new' grad, I was in the previous job for 2 years and will be in this job almost 1 year now. Performance reviews haven't happened yet but I've been told the general feedback is good. I'm not sure I would say I'm in a skilled role, although I have BSc and MSc, anyone with basic excel, word processing, and general computer skills could do this job...saying that it seems like resourcing for this role (and others) is something companies are struggling to fulfil lately. +A few weeks ago, I made a few attempts ([1](https://www.reddit.com/r/financialindependence/comments/dhr5kp/an_attempt_at_the_fire_flow_chart/), [2](https://www.reddit.com/r/financialindependence/comments/djd168/fire_flow_chart_second_revision/)) on making a new flow chart that is more aligned with this community. I learned a lot of valuable insights and also learned a few disturbing misinformed concepts that are floating out there. Hopefully, the amalgamation of information that I sent to them directly, through comments, or on the flow chart in Version 3.1 helps clarify some of those concepts. + +I'll be the first to admit that Version 3.1 is not the absolute perfect FIRE flowchart, but it is a, hopefully decent, start. My dream goal is to have it final enough to have it published in the FAQ, but I'll leave it to the community and moderators to discuss whether it is worthy to be placed in the FAQ. + +Feel free to review [Version 3.1](https://i.imgur.com/o18MmOP.jpg). The one item that I agreed from previous comments, but haven't had the time to tackle, is to organize it into sections with appropriate labels and colours. In future versions, this may be implemented. I'd be open to seeing what appropriate sections would be best. + +I also have it in my project roadmap to include appropriate references in the different colour-coded sections. For example, adding in the IRS Publications 502 in the HSA area/section to discuss what is considered a qualified medical/dental expense. I've debated whether I would link to popular FIRE websites but ultimately decided against that. I'd be open to hear for cases for and against this. +Hi all, + +The subject of premium bonds comes up frequently as a short-term savings option and I thought I'd offer some experience and "data" on my personal win rates after 1 year and people can decide if it is worth it for themselves. + +For those unfamiliar, premium bonds are an investment product issued by NS&I (National Savings and Investments) and fully backed by the UK government. In short, each £1 you put towards premium bonds (min £25, max £50k) is like a lottery ticket and is put towards a monthly draw. The more "tickets" you have, the more likely you'll win in the draw. Unlike a normal lottery, you are not buying a ticket so much as lending money to NS&I and can retrieve the full amount you put in even if you never win a draw i.e. there is basically zero risk to your money. + +The minimum prize is £25 and max is £1 million. Detailed prize breakdown and more information can be found [here](https://www.moneysavingexpert.com/savings/premium-bonds/) All winnings are tax free i.e. no income or CGT tax. + +I have the maximum £50k in premium bonds since mid-May 2020 (house fund savings), so my first eligible draw was on the 1st of July 2020, so I've been in 11 draws so far (including the most recent May 2021 draw). As I have used the max £50k balance, all my winnings are sent to my linked bank account rather than accumulating in the premium bonds account. Winnings generally take around 1 to 2 weeks to transfer into my account. I'll only list wins: + +- July 2020 - £25 + +- August 2020 - £50 + +- Sept 2020 - £25 + +- Oct 2020 - £25 + +- Nov 2020 - £50 + +- Dec 2020 - £75 + +- Jan 2021 - £25 + +- April 2021 - £25 + +- May 2021 - £75 + +Therefore my total winnings so far are £375 = 0.75% of £50k with 1 draw remaining to make a full year of draws. + +Realistically, I might win another £25 in the June draw which brings my return rate to 0.8% per year which is not fantastic but better than all easy access accounts for this amount of money. Luck obviously plays a massive role in whether any of my bonds win and with £50k worth of bonds, I've maxed out my probability of winning. + +It should be mentioned that withdrawing from your premium bonds account to your linked account is not instant. I've not done it myself but I've read it takes at least a couple of days for the request to be processed. Bear this in mind if you intend to use PBs as an emergency fund storage. + +Hope that is helpful to some of you. + +Edit (6th June): I won £25 in the June draw, so return rate is 0.8% for the year with £50k. I'm withdrawing all but £25 to keep the account open as we are finally in a position to buy our new home. I might top it up as an emergency fund, but it is pretty low on my preferences for storing emergency funds. +Like many who frequent this subreddit, I have cut my market holdings drastically. I started selling in February and had sold 80% of my +holdings by early March. I even sold shares I had held for over 20 years. I still hold 20% of my equity investments in two MF schemes. In +hindsight, I wish I'd sold them too. + +Now I have to decide when to start buying again. The first thing I'm doing is ignoring the advice from investment experts. They are hardly able to give unbiased advice. Their personal interest (or of the institutions they are affiliated with) lies in talking up the market and in making others invest. I haven't heard anyone on TV or print actually saying, "Sell everything." Much of this advice cites the past and how markets rebounded in such and such time in past crises and how it is difficult to time re-entry into the market or how it is difficult to know when the market has bottomed out. (Fundsindia has a series of very convincing articles along these lines.) But, even if one assumes it is disinterested, this advice is ultimately oriented towards not losing out on the gains when markets rebound. + +This crisis IS different. When was the last time much of the world was sitting at home, doing nothing? When was the last time all the schools around the world were closed? When was the last time Britain was going to have the worst financial year in 300 years? As for the virus, there is no cure, there is no vaccine. Some medical experts even say that there may never be a vaccine. Others say periodic lockdowns will have to be a fact of life for years. + +In such a situation, I do not care about losing out on potential gains, I just don't want my capital to erode. So I am out. + +I have parked all my funds in savings banks at the moment. Thankfully, I have an auto-sweep in/out facility with my savings account at my main bank (a big bank) so am getting some 6% of interest. Some other funds I have parked in the savings accounts of a small finance bank and am getting 7%. It is not worth the bother to chase slightly higher returns in liquid or short term funds. + +When will I start to invest in the markets again? My milestones are non-financial: when museums around the world are open again, when people can travel freely (albeit with medical or vaccination certificates), when sporting fixtures are again being held. Will I miss the market bottom? Yes, guaranteed. The market will start moving up before the my milestones are reached. Will I lose out on potential (hindsight) gains? Almost certainly. Unlikely but I may even have to buy at prices higher than those that I sold in February or March this year and make some losses. But -- and this is important --, in that case, I will know exactly how much those losses will be. + +If I start buying now and the market tanks further, as it very well could, I would lose potentially a lot. And the market could remain low for years. I don't want to take such a risk so I am staying out. + +I welcome your insights and comments. + +EDIT: I should add that this is the first time I've felt like exiting the market completely in my long investing years. In the past, I've remained solidly invested through all crises in the past 25 years or so. +Axis Bank yesterday posted record losses and disappointing NPA numbers. + +Despite that, the stock closed at a 9% high. + +Clearly, operators were at play and this is a perfect demonstration of how even blue chip stocks can be manipulated, at least in the short term. +* I am reading there are investment restrictions(Mutual Fund / Stock Investment)for NRIs residing in USA or Canada. +* Does that also applies if a US or Canadian Citizen lives in India. +* If the restrictions are different for both cases. Would like to what are the investment restrictions for US or Canadian Citizen residing in India EDIT: particularly for Canada. + +excuse me for putting points in Bullets. Also please let me know if this reddit group is not relevant. +I did some data-crunching on historical RBI repo rates (the rate at which RBI lends to banks) and SBI's fixed deposit interest rates. I am trying to draw conclusions based on my high-school economics background. Below is a graph that shows the interest rate for 90days & 500days term FD along with the prevailing RBI repo (& Reverse) rates. [https://ibb.co/NrB8Lkx](https://ibb.co/NrB8Lkx) + +Clearly, the ups & downs of the 90day FD rate is closely tracking the RBI repo rate with some exceptions. The bank simply passes on the (Reverse) repo rate trend as the 90-day interest rate for its customers. When the economy was doing well in the first 2 years of UPA-1, the 90-day interest rate is \~1% more than the repo rate, though the burst was short-lived. The 500-day interest rates also peaked for a while during this time. + +2 years prior to covid is when the stress in the economy started building up. The 500-day interest rate coincides with the 90-day repo rate in March of 2018! The banks clearly didn't see a positive outlook in the long term to generate more profits to pass it on to its retail customers? + +Then there was the covid-induced freefall till June-2020 & the RBI has started to gradually increase the repo rate (but not the reverse repo) thereafter. + +What is (not) surprising is the 90-day rate of late has tracked the (reverse) repo rate hikes nor has the 500-day interest rate started to move significantly upwards post the covid meltdown.. + +Am I right in saying the banks are squeezed in the short term & also a good couple of years till they can generate decent profits to pass it on to the customers? Kinda of implies the economic outlook is bleak & the GOI's finance ministry pulls up its socks ? +Good Morning! + +Today will mark our second day of overlapping FTDs. Yesterday GME pushed another 3.37% move to the upside despite massive intraday shorting and 55% dark pool volume. The reversal from our low at $87 the other day essentially confirmed. Yesterday we not only closed above the put/call breakpoint, but above delta neutral and max pain. As we close higher and higher everyday this adds to our momentum going forward. Inching our way up the current ramp bit by bit. + +Tomorrow is historically the day were we see the large ETF FTD blocks covered but remember they have till Friday morning so be wary of false signals and bull traps when looking to enter options positions or increase holdings. They can cover in advance, cover late, and internalize covering. They are not without their tricks. + +On November 2nd we had a roughly +5% day. + +**Gamma Girl Update** + +[\\"GME moving between the DN\/GM guardrails, where my model is less helpful. The best news here is the DN has leveled off, and will act like a better support at $97 because the options market has stabilized. Will hopefully start curving up to support this gain. I'll let you know if I see anything interesting going forward!\\" - Yelyah2](https://preview.redd.it/86zr597haff81.png?width=909&format=png&auto=webp&s=5b398c78552ade9127158017fccba79d63af429c) + +**Dix Pics** + +[DIX bumping up again yesterday with the large amount of DP volume](https://preview.redd.it/r6bhvyjxaff81.png?width=2495&format=png&auto=webp&s=6436bfcbe362eb4b276f332b6a5b34ac2813eb4c) + +GEX + +[As of 2.1.22 GEX was $5.86m \($amount per $1 move\)](https://preview.redd.it/r316locdbff81.png?width=2494&format=png&auto=webp&s=9239a51a99d2bcf7de38c5dc294d56e2e11f740f) + +Open Interest Gamma by strike + +[Represents the rate of change in Delta per $1 move multiplied by open interest as you can see a cross of $150 would put significant pressure on MMs. However Gamma falls off on farther OTM strikes it would increase as the price moves up.](https://preview.redd.it/5evpjyx6cff81.png?width=2522&format=png&auto=webp&s=a8d50aef4ed6b52783e685792864272035344294) + +So we look well set up moving into this with the downward gamma squeeze all but over the FTD pressure mounting and a solid ramp in place we are primed for a move to the upside. I still think they will do their best to delay it and will likely try to ensure that it doesn't pick up to much steam as a cross of $150 gets quite risky. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 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 + +Big short into close but we were able to recover and still close above 100 as they failed to drop us below delta neutral. 2.3m shares borrowed and used today, even with the market doing well we were unable to maintain that high price point above Max Pain. There should be a fairly large number of FTDs due tomorrow so we will see how that plays out, See you tomorrow. + +\- Gherkinit + +https://preview.redd.it/88m1ijwfihf81.png?width=773&format=png&auto=webp&s=69cf0b42fd1c93aeeb4b6e60063030614f2e1b6e + +Edit 3 1:18 + +Volume climbing up broke back up through VWAP and Max Pain. Looking good. The last 2 hours have been spent shuffling FTDs and returning shares at a lower price point. Some deleveraging of put contracts indicates they are now done with that. + +https://preview.redd.it/r9vp88d0pgf81.png?width=1487&format=png&auto=webp&s=adad03bd0d5ab28a6f14f8a9ba54cd2bc7b98344 + +Edit 2 11:10 + +Big short push after 1.1m shares borrowed from IBKR Probably an effort to drive us below max pain + +https://preview.redd.it/4dyv89n32gf81.png?width=1496&format=png&auto=webp&s=591bb726b9984a648c6ca33327eda563b22a4e56 + +Edit 1 10:12 + +Fidelity STB down to 14k. Nice reversal on this mornings dip, still climbing back towards VWAP + +https://preview.redd.it/2tfu0e7vrff81.png?width=1489&format=png&auto=webp&s=c8fbb06c2a9d5b43dc7836198c3506d08939c1a3 + +# Pre-market Analysis + +Yet another day of pre-market gains, today on fairly insignificant volume however. + +Volume : 13.44k + +Max Pain: $106 + +https://preview.redd.it/abd70jvldff81.png?width=2171&format=png&auto=webp&s=f0d26d7b3017797238a462b7ecffac8388b03e16 + +Shares to Borrow: + +IBKR - 63 @ 2.2% + +Fidelity - 997,803 @ 1.0% (about 650,000 shares returned here since yesterday) + +[GME pre-market 1m](https://preview.redd.it/na0mf563eff81.png?width=1485&format=png&auto=webp&s=76d657cb594b94be82633e48eb986478d378057d) + +TTM Squeeze + +https://preview.redd.it/xp4todpaeff81.png?width=2456&format=png&auto=webp&s=f8733fd89d016c3c06650d2ac1023396eb904aaa + +MACD + +[Crossover looks pretty confirmed for now \(this is GME's lowest cross in the last year\)](https://preview.redd.it/sj7e5taeeff81.png?width=1493&format=png&auto=webp&s=6a47de3cf1e1c27cd40c6394f16c787563c94a93) + +CV\_VWAP + +[a little more stable this morning](https://preview.redd.it/fvrnt44xeff81.png?width=2455&format=png&auto=webp&s=00fefc17dbda2a7172a55c153067de671c6134a4) + +&#x200B; + +**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.* +Good Morning! + +Today will mark our second day of overlapping FTDs. Yesterday GME pushed another 3.37% move to the upside despite massive intraday shorting and 55% dark pool volume. The reversal from our low at $87 the other day essentially confirmed. Yesterday we not only closed above the put/call breakpoint, but above delta neutral and max pain. As we close higher and higher everyday this adds to our momentum going forward. Inching our way up the current ramp bit by bit. + +Tomorrow is historically the day were we see the large ETF FTD blocks covered but remember they have till Friday morning so be wary of false signals and bull traps when looking to enter options positions or increase holdings. They can cover in advance, cover late, and internalize covering. They are not without their tricks. + +On November 2nd we had a roughly +5% day. + +**Gamma Girl Update** + +[\\"GME moving between the DN\/GM guardrails, where my model is less helpful. The best news here is the DN has leveled off, and will act like a better support at $97 because the options market has stabilized. Will hopefully start curving up to support this gain. I'll let you know if I see anything interesting going forward!\\" - Yelyah2](https://preview.redd.it/86zr597haff81.png?width=909&format=png&auto=webp&s=5b398c78552ade9127158017fccba79d63af429c) + +**Dix Pics** + +[DIX bumping up again yesterday with the large amount of DP volume](https://preview.redd.it/r6bhvyjxaff81.png?width=2495&format=png&auto=webp&s=6436bfcbe362eb4b276f332b6a5b34ac2813eb4c) + +GEX + +[As of 2.1.22 GEX was $5.86m \($amount per $1 move\)](https://preview.redd.it/r316locdbff81.png?width=2494&format=png&auto=webp&s=9239a51a99d2bcf7de38c5dc294d56e2e11f740f) + +Open Interest Gamma by strike + +[Represents the rate of change in Delta per $1 move multiplied by open interest as you can see a cross of $150 would put significant pressure on MMs. However Gamma falls off on farther OTM strikes it would increase as the price moves up.](https://preview.redd.it/5evpjyx6cff81.png?width=2522&format=png&auto=webp&s=a8d50aef4ed6b52783e685792864272035344294) + +So we look well set up moving into this with the downward gamma squeeze all but over the FTD pressure mounting and a solid ramp in place we are primed for a move to the upside. I still think they will do their best to delay it and will likely try to ensure that it doesn't pick up to much steam as a cross of $150 gets quite risky. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 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 + +Big short into close but we were able to recover and still close above 100 as they failed to drop us below delta neutral. 2.3m shares borrowed and used today, even with the market doing well we were unable to maintain that high price point above Max Pain. There should be a fairly large number of FTDs due tomorrow so we will see how that plays out, See you tomorrow. + +\- Gherkinit + +https://preview.redd.it/88m1ijwfihf81.png?width=773&format=png&auto=webp&s=69cf0b42fd1c93aeeb4b6e60063030614f2e1b6e + +Edit 3 1:18 + +Volume climbing up broke back up through VWAP and Max Pain. Looking good. The last 2 hours have been spent shuffling FTDs and returning shares at a lower price point. Some deleveraging of put contracts indicates they are now done with that. + +https://preview.redd.it/r9vp88d0pgf81.png?width=1487&format=png&auto=webp&s=adad03bd0d5ab28a6f14f8a9ba54cd2bc7b98344 + +Edit 2 11:10 + +Big short push after 1.1m shares borrowed from IBKR Probably an effort to drive us below max pain + +https://preview.redd.it/4dyv89n32gf81.png?width=1496&format=png&auto=webp&s=591bb726b9984a648c6ca33327eda563b22a4e56 + +Edit 1 10:12 + +Fidelity STB down to 14k. Nice reversal on this mornings dip, still climbing back towards VWAP + +https://preview.redd.it/2tfu0e7vrff81.png?width=1489&format=png&auto=webp&s=c8fbb06c2a9d5b43dc7836198c3506d08939c1a3 + +# Pre-market Analysis + +Yet another day of pre-market gains, today on fairly insignificant volume however. + +Volume : 13.44k + +Max Pain: $106 + +https://preview.redd.it/abd70jvldff81.png?width=2171&format=png&auto=webp&s=f0d26d7b3017797238a462b7ecffac8388b03e16 + +Shares to Borrow: + +IBKR - 63 @ 2.2% + +Fidelity - 997,803 @ 1.0% (about 650,000 shares returned here since yesterday) + +[GME pre-market 1m](https://preview.redd.it/na0mf563eff81.png?width=1485&format=png&auto=webp&s=76d657cb594b94be82633e48eb986478d378057d) + +TTM Squeeze + +https://preview.redd.it/xp4todpaeff81.png?width=2456&format=png&auto=webp&s=f8733fd89d016c3c06650d2ac1023396eb904aaa + +MACD + +[Crossover looks pretty confirmed for now \(this is GME's lowest cross in the last year\)](https://preview.redd.it/sj7e5taeeff81.png?width=1493&format=png&auto=webp&s=6a47de3cf1e1c27cd40c6394f16c787563c94a93) + +CV\_VWAP + +[a little more stable this morning](https://preview.redd.it/fvrnt44xeff81.png?width=2455&format=png&auto=webp&s=00fefc17dbda2a7172a55c153067de671c6134a4) + +&#x200B; + +**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.* +EDIT +Hi Everyone, going to call it a night now. We planned on doing 3 hours and we've done almost double, the mods did warn me it was likely going to be busy, but its more than exceeded our expectations. We're really grateful to each an everyone who took the time to fire a question over. + + +I've lost count of how many posts we've replied to, but I hope we covered a good range of topics and provided some helpful insight where possible. If there's enough interest I'm happy to come back in a couple of weeks time for a second round... when my poor fingers have recovered! + + +The thread will remain open for those who want to continue to speak to each other and good luck to anyone looking to buy or remortgage! + +&#x200B; + +Hi, this is u/Mortgages101… + +I’ve been an advisor for 10 years and I currently run my own firm. We cover all aspects of mortgage work, but we specialise in dealing with complex cases. Many of our clients are Self Employed or Limited Company directors or are people who have complex credit histories and need a helping hand to buy or remortgage their home, even people with Default’s, CCJ’s and Bankruptcies. + +I’m happy to answer questions on anything mortgage related - what my day to day job is like, how we source mortgages, what types of deals are available, what I think may happen in the future, how different lenders interpret your credit file, how I got into the industry (spoiler – it was a complete accident) or anything else you may want to know about mortgages. I can also give some handy pointers on affordability, income, lenders criteria, mortgage terms, budgeting and loads more. + +Sadly, I can’t answer anything related to unsecured borrowing, savings, investments or pensions, but if it’s related to your mortgage, for example, can you consolidate unsecured debt? Then fire away! + +Per the subreddit rules, please keep all questions in this thread and do not send questions by direct message, feel free to ask me anything related to the mortgage world, and I’ll do my best to answer you as honestly as I can, but please remember that as I don’t know your specific circumstances, ***nothing I say here should be constituted as advice***, think of this is strictly a Q and A session. + +Edit - I have been verified by the mods, they have checked my credentials and I'm sure one of them would happily confirm. + +If you go on Twitter you can see the letter from the US Senate representatives yourselves. It doesn’t look great to be honest. They want to obviously know how it’s backed and if it’s truly backed which is the million dollar question. The senate wants answers to the questions asked in the letter by December 3. I also find it odd that Coinbase is having issues almost at the exact time this was announced. + Nobody knows what’s going to happen but buckle up because it’s about to get bumpy. I hope we get some answers because this has been going on too long +🌘 MoonDisco $DISCO is a community crypto currency token dedicated to solar energy based on the Binance Smart Chain. In the face of climate change environmentally friendly energy production is one of the keys to our future. DISCO is focussing on solar power development, research and charity projects around the globe. To make the world more DISCO means to unleash the full potential of solar power for our and future generations. + +​ + +💎 IMPORTANT LINKS 💎 + +📲 Website: https://moondis.co/ + +📲 Telegram announcement: https://t.me/MoonDiscoBSC_An + +📲 Telegram: https://t.me/MoonDiscoBSC + +📲 Presale: https://dxsale.app/app/pages/defipresale?saleID=350&chain=BSC + +📲 Twitter: https://twitter.com/MoonDiscoBSC + +📲 Contract Address: https://bscscan.com/address/0xdd1bd86cbe559ce6d890fd667f22bfabb6c4bd07#code + +📲 Pancake link after launch: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xDd1Bd86cBe559CE6d890fd667f22BfABb6c4BD07 + +🔥 TOKENS BURNED 🔥 + +https://bscscan.com/tx/0x638243056ebf2b59875b164abced8a0081f0477f21a7ec53d2031f9d53f2a669 + +🔒 DEV TOKENS LOCKED 🔒 + +https://dxsale.app/app/pages/dxlockview?id=0&add=0x4F04c40F7156BC6C887278eFb8b9A464d8FC7cc2&type=tokenlock&chain=BSC + +​ + +🌒 TOKEN DETAILS 🌒 + +Total supply | 1,000,000,000,000,000 + +Liquidity | 182,700,000,000,000 + +Burn | 500,000,000,000,000 + +Presale | 261,000,000,000,000 + +💵 10% tax on each transactions 💵 + +🏦 5% will be added to the liquidity pool + +💸 5% will get distributed proportionally between all holders + +​ + +🌕 PRESALE DETAILS 🌕 + +Presale price | 870,000,000,000.0000 DISCO per 1BNB + +Listing price | 870,000,000,000.0000 DISCO per 1BNB + +Soft/Hard cap: 200/300 BNB + +Liquidity: 70% (will automatically be locked by dxsale.app after presale finished successfully) + +Min/Max Buy: 0.1/1 BNB + +Duration: 3 hours, and list on V2 PancakeSwap 1 hour after the hard cap is reached +I've never myself used a neural network approach for any of my work, or trading projects My opinion was always that the complexity and additional resource to build, would not deliver the intended outputs and I felt our understanding was too immature, and that I struggled to find real-world practical examples of it working. + +I am interested if anyone here has build, or even tried to build such a model and could share their thoughts and experiences. + +thanks +I (41M) have been fortunate enough to have started a business that has grown very well, currently valued at $50M (of which 50% is mine.) Married, two kids (2 & 4), about $4M in other assets (Mostly index funds, two houses.) The plan is to double the business value over the next two years and then exit. + +My wife and I are starting to put together estate plans. A trust seems like a must. I’m curious, what kind of distribution plans do you all have in place if you die? + +I have heard of simple age-based distributions (third at 25, third at 30, third at 35.) Of course, that opens the door for some undesired side effects. With my kids being so young, of course I hope to be a great parent and keep them away from trouble. Of course I want them to find something interesting and engaging and go after it passionately. But if we pass early, what happens if that money leads to addictions, failed marriages, and a lack of engagement in anything? Are there other ways to structure things? + +We’ve heard of event triggers, like completing college/grad school, marriage, starting a business, buying a home, etc. Also things like distributing wealth proportional to wages earned… However, those all seem like imposing a certain life path on them. And all incentivizing “gaming” life to get money possibly. I want to be open to them choosing their own path, even if it isn’t the traditional one, so long as it is a life of purpose and engagement. + +Any tips or mental models for this? I’d love to hear any ideas. Thank you! +Telus [plans to roll out it’s 5G network using Huawei tech.](https://www.cbc.ca/news/business/telus-5g-huawei-1.5462994). + +They’ve [already made a bit of a stink with Ottawa about Canada’s contentious relationship with the company.](https://globalnews.ca/news/4961217/telus-huawei-national-security/) + +Now [Britain is cutting Huawei out of it’s 5G plans as Western-Chinese tensions rise.](https://www.reuters.com/article/us-health-coronavirus-britain-huawei-tec/uk-plans-cut-in-huaweis-5g-network-involvement-newspaper-report-idUSKBN22Y2VB) + +[America is doing the same.](https://www.state.gov/the-united-states-protects-national-security-and-the-integrity-of-5g-networks/) + +So, the question is, and if there are any T holders out there they should be asking this question, will Canada follow suit and what will this do for Telus? Should it happen, is this a short term headwind as Telus finds a new partner or is it a more serious long term detriment? The geographic monopolies Canadian telecoms have seems to insulate it somewhat, but it still seems a little sketchy. + +The company itself said: +> A ban on Huawei equipment “could have a material, non-recurring, incremental increase in the cost of Telus’ 5G network deployment and, potentially, the timing of such deployment,” the company said in the filing. + +Mostly just a heads up for Telus holders and a point of discussion. I think I’ll likely be offloading my position while this gets figured out.. +Hey everyone! I've never had such a high savings rate before, I've never made as much money as I currenly do and I've never been able to take off such large amounts of time from work to do things I love (like travel). I'm just so stoked. I understand that not everyone can be in a position like I am (I also know some people are in "better"positions). However, I don't have anyone to share this with. None of my friends or family care and my GF just thinks I'm a dweeb whenever I even mention finances. + +A little about me... + +I'm 34 years old and spent most of my life this far living pay check to pay check. + +I prioritize traveling and free time away from work and usually take 3-6 months off a year. Even doing this, I've still been able to max out my 401(k), Roth IRA, and HSA, but not much else. Due to my sporadic income and long periods of not working, I have to do a fair amount of financial planning to reach my goals. Every January I sit down for what seems like days on end and plan out my budget and finances for the entire year and due to my highly variable monthly expenses, income, and living arrangments, it's not a quick task. Every month I sit down and add up all my spending, log it, compare it to my budget to make sure I'm on track and adjust accordingly. Every week I go through all my credit cards and bank accounts and make sure there is not anything fishy going on. + +**My Full Time (But Only Half The Time) Job.** + +I'm a travel nurse. I work 3 month long contracts so every 3 months my pay changes and it can change dramatically. I'm currently making $5,400 pre-tax a week (I've made as "low" as $2,300/week). If you had told that 24 year old me as I was contimplating dropping out of nursing school that I would be making six figures a year while only working half the year all on a community college associate degree education, I would have laughed. I mean, at that time I was working 3 minimum wage jobs to get myself through nursing school. I was so exhausted that one morning on my way home from a long night shift at the nursing home, where I worked as a nurses aid wiping butts and changing adult diapers, I fell asleep driving. That alone would have been bad enough, but I ended up hitting a cop (I will be forever grateful that it wasn't a pedestrian or child). It was there, as I sat on the side of the road during a cold, wet Washington morning that I contimplated quitting nursing school. I hated it. I hated death, I hated shit, puke, infected ulcers, flaky skin, I hated everything about nursing. But I ended up not quitting nursing school, although I did quit one of my 3 jobs and scaled back the other two. This is when I really made finances more of a focus. I had effectivly cut my income by 1/2 but I still had to pay for school and my apartment. I had to budget hard, but I never had money issues. I could always cover expenses and have a little fun but I never really saved. Even when I finally became a nurse and only made $1,400 after taxes every two weeks, I was living paycheck to paycheck. It wasn't until I started travel nursing that I really got into this financial independence movement. + +**My Lifestyle** + +The nature of my job forces me to move around a lot, which I love. I'm currently living in South Dakota (I go where the money is). Come May, I will go live in Colorado and work for a while before heading off to Spain for a month, followed by Vietnam for 2 months and then back home to Washington State to see family and friends and spend what's left of the holidays. + +Since I move around a lot, sometimes I stay in luxury hotels, other times I sleep in my campervan. I've stayed at an AirBnB for the last 3 months. I've slept in people's back yards, long-term-stay-motels, and even in empty beds at the hospital that I'm working at. When I travel abroad I'm often staying at hostels and last year I literally slept in a tent for 6 months while walking across the country. Nothing about my lifestyle is "stable" and "predictable," which makes planning my finances a difficult task. + +However, this year I'm making the most I've ever made and saving the most I've ever saved, while still taking a planned 5 months off (3 months abroad). + +**THE FINANCES** + +**Expenses (for the year)** + +* Rent: $3,700 + * $3,700 - This includes my AirBnB, lodgings in Spain and an apartment in Vietnam. The rest of the time I will be slumming it in my camper van. +* Groceries: $3,300 + * Normally would be a bit higher but since I'll be abroad for a 1/4 of the year, I've adjusted for that. Things are cheaper in Vietnam and Spain +* Dining Out and Entertainment: $5,000 +* Car (Loan, Service, Insurance): $8,500 + * Camper Van will be paid off beginning of 2023 (but I might pay it off early) $590/mo +* Gas: $2,200 + * Normally a lot higher because my van is a gas guzzler, but I wont be driving it across country as much as I normally do. +* Cell Phone: $1,100 +* Travel (Plane tickets, Uber, Trains, Hotels): $9,000 + * This includes tickets to Spain, from Spain to Vietnam, from Vietnam to WA as well as a handful of smaller domestic flights, hotel accomodations, and Train/Uber/Taxi services while abroad. It does not include the majority of my lodgign while abroad (That's included in rent category). +* Clothes: $1,200 + * I don't really spend much on myself in the way of clothes, but I budget for it. +* Gym: $730 +* Medical (COBRA when not working): $2,400 + * COBRA will kick in late-summer +* Misc/Other: $3,750 + * The catch all for all other expenses +* TOTAL EXPENSES: $40,880 + +**Income (for the year)** + +* W2 Income (taxed): $107,200 +* Stipends (not taxed): $34,800 +* Employer 401k Match (not taxed): $5,360 +* Website Side Hustle (taxed): $3,000 +* TOTAL GROSS INCOME: $150,360 + +**Taxes and Witholdings (for the year)** + +* Insurance: -$362 +* HSA: -$3,600 +* 401(k): -$20,500 +* FICA (7.65%): -$8,430 +* State Income Tax (0%): n/a +* Federal Income Tax (15.83%): -$17,500 +* TOTAL TAXES: -$25,930 +* PRE TAX SAVINGS: $24,050 +* TOTAL TAXES AND WITHOLDINGS: -$50,342 + +TOTAL NET INCOME: $100,018 + +TOTAL LEFTOVER (Net income - expenses): $59,138 + +**Leftover (for the year): $59,138** + +* Emergency Fund: +$3,000 (to boost my total to $15k) +* Roth IRA: +$6,000 +* Down Payment on a Rental Property: +$30,000 +* Leftover Savings (cushion): +$20,000 + +**TOTAL SAVINGS: $83,227** + +**SAVINGS RATE (TOTAL SAVINGS / GROSS INCOME): 55%** + +**SAVINGS RATE (TOTAL SAVINGS / GROSS INCOME - TAXES): 67%** + +**SAVINGS RATE (TOTAL SAVINGS / NET INCOME): 83%** + +**SAVINGS RATE (TOTAL LEFTOVER / TAKE HOME): 59%** + +(I never know what savings rate calculation to use) + +&#x200B; + +**ASSETS (2022 START)** + +* 401(K): $100,000 +* Roth IRA: $50,000 +* HSA: $17,000 +* Cash: $21,000 +* Bonds: $3,700 +* Crypto: $9,000 +* Website: \~$10,000 +* Camper Van and all other: \~$60,000 + * Camper van, all applicances and electronics associated with it, mountain bikes, computer, gaming systems, snowboard, skiis, etc. etc. + +TOTAL 2022 BEGINNING NET WORTH: **$270,700** + +**ASSETS (2022 END) ESTIMATES, assuming a 7% growth in investiment accounts and contributions** + +* 401(K): $107,000 + $20,500 = **$127,500** +* Roth IRA: $53,500 + $6,000 = **$59,500** +* HSA: $18,190 + $3,600 = **$21,790** +* Cash: $21,000 + $53,000 = **$74,000** + * I will not be holding all this in cash. Some might go towards a down payment on a rental property, some will be invested. I will keep around $20k in cash as emergency fund. +* Bonds: **$3,700** +* Crypto: **$9,000** + * I really don't know what the crypto market is going to do so I'm just gonna leave this as is. +* Website: **\~$10,000** +* Camper Van and all other: **$55,000** + * Assuming depreciation (but honestly camper vans are selling at a major premium right now, I might try to offload it while the getting's good) + +TOTAL 2022 END NET WORTH: **$360,490** + +&#x200B; + +**PLANS MOVING FORWARD** + +I don't really know. I'm still quite awestruck that I will be making and saving this much. My numbers might be off, but I honestly think I overestimated my expenses and underestimated my income. For example, if I decide to extend my current contract at my current rate I would make $24,000 more than I budgeted. However, even if my numbers are off and I end up spending more than I planned (or make less) I have a pretty significant cushion. + +**Buying a Home** + +I'm at a point in my life where I want to start testing the waters. I don't want to be a nurse for my entire life. I'm sure I'll want to settle down eventually. So this year I'm looking for a multi-family property that I can use as my home address for tax reasons (it relates to my tax free stipend I recieve as a travel nurse). I will hopefully be able to rent out the other unit(s) to cover my mortgage while I continue traveling. Since this will be my first home and it will be owner occupied (at least on paper if not literally... again... I travel a lot) I should be able to qualify for a FHA loan with 3.5% down. I'm looking at around $300k-400k price range, which is what they are going for in South Dakota. Down payment will be \~$15k leaving me another $15k for repairs, renovations, and wiggle room. + +**Growing a Side Hustle** + +I have a website that gets me some passive income. I know that if I just spent a little time and effort on it, it would grow. I could hire some writers and maybe a social media expert and I think I could grow the website to a $1,000-$2,000/mo income stream. It currently gets me around $300-400/month with no effort on my part and I only started it a year ago. Perhaps I'll put some money towards this and perhaps I'll look into something else. + +**Goals** + +I don't really have goals financially. Sometimes I flirt with the idea of "retiring by a certain age" or "having a net worth of $1million." But honestly, these things don't mean anything to me. All I want, is to be financially independent; to not have to work to live... and I already kind of have that. I work when I want, take off time when I want, and make a really good living doing it. However, like I said, I don't really like my job other than the freedom (and money) it provides me. Nursing has really sucked my passion and empathy dry, especially these last few years. So, ideally, I just want to get out of nursing but still live the lifestyle that travel nursing has allowed me. There are some non-bedside nursing jobs that I might look into. There are even some remote work nursing jobs and although they pay significantly less than what I make now, they would allow me the freedom and time to pursue other ventures. + +Really though, and this might sound silly or stupid, I just want a job where I can wear a suit and tie and hand out my business card like I'm in American Psycho. Maybe it's because I've never had a job where I get to dress up or maybe I'm just weird. I don't know. If you made it this far maybe you're the weird one, but thank you and Cheers! +As the title states, if you could sit down and have a drink with anyone in the FX space who would it be? + +For me it would personally be George Soros. I think it would be a fascinating conversation. +To all profitable traders out there, how many hours do you spend a day when trading? Is it a fixed schedule? What if there is no setup for your strategy? +Hi everyone. + +I own a barbershop in U.K and I have now started to accept cryptocurrency as payments for haircuts. I have been doing this for years now but on and off, I always wanted to make it known to all customers that this is possible with the right cryptocurrencies. At the moment I am accepting only NANO due to its speed and fees compared to other cryptos. I use NANO's official app and the customers who would like to pay in crypto know about it. For other currencies like BTC, ADA, ETH etc.. I will be using my wallets like Atomic, Trust and or exchanges like [Crypto.com](https://Crypto.com) & Coinbase. + +I have around 8 customers right now that pay only in crypto and hopefully there will be more. I charge £15 for a haircut but if you pay in crypto I lower it to £12. I have posters made for the shop so that when we re-open on 12th April all customers can see and hopefully start to look into investing and using crypto themselves. Bitcoin has changed my life, I bought my business and home because of it so I am always going to be a big fan. + +Thank you for reading, any questions please feel free to ask. + +Edit: wow thank you so much for the kind words and confidence all I was not expecting this. A few have asked about the shop and here is our website please feel free to visit. www.amgbarbers.com. I also have both a coinbase and crypto.com card so I do occasionally use the cards to buy coffee or even some products for work. +Hi everyone. + +I own a barbershop in U.K and I have now started to accept cryptocurrency as payments for haircuts. I have been doing this for years now but on and off, I always wanted to make it known to all customers that this is possible with the right cryptocurrencies. At the moment I am accepting only NANO due to its speed and fees compared to other cryptos. I use NANO's official app and the customers who would like to pay in crypto know about it. For other currencies like BTC, ADA, ETH etc.. I will be using my wallets like Atomic, Trust and or exchanges like [Crypto.com](https://Crypto.com) & Coinbase. + +I have around 8 customers right now that pay only in crypto and hopefully there will be more. I charge £15 for a haircut but if you pay in crypto I lower it to £12. I have posters made for the shop so that when we re-open on 12th April all customers can see and hopefully start to look into investing and using crypto themselves. Bitcoin has changed my life, I bought my business and home because of it so I am always going to be a big fan. + +Thank you for reading, any questions please feel free to ask. + +Edit: wow thank you so much for the kind words and confidence all I was not expecting this. A few have asked about the shop and here is our website please feel free to visit. www.amgbarbers.com. I also have both a coinbase and crypto.com card so I do occasionally use the cards to buy coffee or even some products for work. +My grandfather owns a massive apartment building in New York City. He’s likely going to die in the next coming days as he’s very sick. The building is in my name once he dies. There are tons of people who live in the building who pay a large rent every month. Usually, people would be excited about having a constant stable large monthly income. I’m a college student (so I’m obviously very young). I’m not at the point in my life where I can be worrying about being a landlord. I want to follow my passions and finish my education. My father suggested that I use the monthly income to eventually buy more buildings in NYC and increase my ownership. But to be honest, I know absolutely nothing about this kind of stuff. Another sub suggested I hire a financial advisor to help with finding people to run the building and what to do with the money. A part of me just wants to sell the building entirely so I don’t have to deal with it. I know that’s stupid, but I don’t want anything that reminds me of my grandfather. Anyone have any suggestions? + +EDIT: +Thank you all for the advice. I have decided not to sell. I will be researching and calling agencies to run the building. I appreciate all the advice that has been given to me! I know I’m really young, so I’m going to put some of the money away into savings for when I retire so I can live comfortably. I also plan on reinvesting over time in more real estate. +Partners and I have mostly done SFR and got sent a pretty interesting deal from an agent. Couple hours drive from us is an abandoned Apt Complex with around 100 doors in a college town. Half a mile from campus. Complex across the street is renting at $750 at 99% occupancy. + +Currently crunching the numbers, but need some help on some high level numbers. Since this has been abandoned, typical grafitti, homeless squatters, general run down has happened. Exterior looks nice, but needs some clean up along with repaving the parking lot. + +What is a good rule of thumb for cost on gutting an apartment and replacing floors, cabinets, kitchen, paint, etc. for a basic finish out (this is college kids were talking about). Units are about 600sqft 1br 1ba and 900 2br 1ba. Small town in the south about 1.5 hours away from a large city. 12,000 college students, 12,000 population. A friend knows someone that goes to school there and said its rough but great location. + +Happy to provide more detail, but running some numbers before we commit to doing full due diligence on the property. Thanks! + +&#x200B; + +Edit: We know what were doing, its not like were jumping into this. I am just trying to get some rough numbers to see if its worth exploring... +Am a semi-periodic poster here using a throwaway. + +Curious to hear the pros and cons from those age 35+ of getting to fatFIRE while maintaining "reasonableish" work-life balance in the construct of BigFour Consulting/Audit Partner vs. Industry Executive vs. Middle-Market PE. + +Any of these roles with reasonable spending will certainly yield fatFIRE. Which seem to have the best work-life balance along the way if a priority is also a robust relationship with self, spouse, and children? + +Finally - anyone on fatFIRE path who is in or oversees middle marketPrivate Equity Ops Transition roles? Basically helping to integrate PE acquisitions into a platform or one another post-close. I know the big PE shops like Platinum have these kinds of roles - I hear they are spreading to the mid-market and curious to know how prevalent these positions are especially in non NYC/CHI/SFO cities like CLT, ATL, and MIA. These seem like an interesting middle ground between big earnings yet a reasonable lifestyle. +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; +LAUNCHING 20TH MAY 21:00 UTC + +————- + +No War Coin is a long-term charity coin designed to generate donations which will be given to organizations aimed at helping those in areas troubled by war. You can help people from war torn countries by buying and holding No War Coin. We are a deflationary, anti-whale, anti-bot charity coin. + +Links: + +Telegram: https://t.me/NoWarCoin + +Website: https://www.nowarcoin.com/ ( Undergoing some changes, could be live any second ) + +Contract: AT LAUNCH + +Pancakeswap: AT LAUNCH + +Characteristics Summary: + +Locked liquidity on dxlock immediately after being added at launch +Ownership renounced after launch +No hidden wallets (genuine fair launch) +Locked team wallets (for airdrops) + +NO WAR COIN holders are rewarded when sellers sell their coins, thanks to our 2% redistribution mechanic. We automatically burn 2% of sell transactions which will increase the coin value. Also a 3% is donated to charity with each buy transaction. + +Tokenomics: +3% Tax on purchases (used for the charity donations). +4% Tax on Sales (2% for Re-distribution and 2% burnt forever!) + +NAME: No War Coin +TICKER: NWC +DECIMAL: 9 +MAX Supply: 1,000,000,000,000,000 +Contract Address: TBC + +Liquidity locked. +4% Dev Wallet unlocked at 0.50% each week for 8 weeks after launch. +4% Marketing wallet unlocked at 0.50% each week for 8 weeks after launch. +1% Whitelist Airdrop (locked for 1 week) +1% Launch Funds +90% fair launch + +ROADMAP: + +-Reddit campaigns +-Coingecko & Coinhunt listing +-Audit +-CoinMarketCap +-Tiktok / Influencers +-Merch (Physical & Digital) + +Visit the website for more information once it is finalized! + +Everyone that holds $NWC automatically receives a percentage of all transactions, so remember to hold on tight as we swing through the crypto jungle. +Ok, this might not be anything, but I found it noteworthy. + +Just two days ago we saw a live influx of shills into the sub - now, shortly after, posts start to trend left and right about how to buy calls and leaps to hurt hedgies the most. + +&#x200B; + +What I'm saying is, if there were any merit to this idea, we would have at least discussed it once so far - but nothing the like happened. + +&#x200B; + +Many of these posts also come from 1 year old accounts who besides 3-4 posts in the last week, do not have ANY post history. + +&#x200B; + +Why change a winning system? DRS is clearly working, keep at it. Fuck options. +In college, I had a very hard time with my health. A few months after starting school, I woke up with some odd symptoms, the most frightening of which was pain in my groin, like someone had just kicked me in the family jewels. Of course, this began a quest for a diagnosis. Many doctors were eager to prescribe antibiotics, as an infection (read: STD) was the most likely culprit, being that I was a young college dude who partied. This was not actually the cause at all, and the year and a half of antibiotics wreaked havoc on my GI system, all the while still feeling like I had gotten kicked in my dangly bits. + +Finally, I saw a surgeon who diagnosed me with two hernias. I went and got a second opinion, where I was diagnosed with not two, but _three_ hernias. He wasn't sure fixing them would rid me of the pain, but they wouldn't get any better on their own, so surgery was worth a shot. Better yet, the recovery period was just 6 weeks, so if it _did_ work, I'd know quickly and be feeling as good as any normal 20 year old in no time. + +While the surgery went well, the healing did not. It was two years before I began to start to feel normal. I blame it on the condition my stomach was in when I had the surgery (due to all the antibiotics). It hasn't been confirmed by a doctor, but it just felt like my stomach was agitated and swollen at the time, causing the scar tissue that was forming around the implanted mesh to form weirdly. Whatever it was, it took a long while to be pain-free(ish). + +For the last couple years, I've been able to look back on that time as the worst period of my life. I know it doesn't sound terrible, especially to those who suffer from terminal illnesses and the like, but for me, it was the mental anguish of not having a diagnosis for so long, and feeling so alone while going to about 10 doctor appointments a month, that really had me feeling hopeless. + +Then, just a couple days ago, I felt my left hernia start aching. I haven't seen a doctor yet, but it feels very much like it has recurred, which could require another surgery. They say recurring hernia surgeries are not only more difficult, but they increase the chance of it recurring again. Memories of the worst time in my life are flooding back. + +Which brings me to my point. A lot of us don't realize that at _any_ point, our health can fail. We have dreams of hitting a magical FI number and ridding our lives of meaningless work, and moving on to better things. But it's not guaranteed. And even if we do reach it, it could be that on our first day of financial independence, we're struck with a terminal illness and given only a few months to live. + +I'm realizing that the only thing I'm guaranteed is now, so my goal needs to be to not only _live_ in the "now", but to remind myself not to postpone happiness or focus only on the future--the greener grass on the other side of FI. + +This reminder comes at a great time, when many of us will be spending time with our families and friends. I hope we all can find ourselves completely committed to that time with them, and not longing to fast forward our lives to a "happier" time. + +**TLDR**: Health issues in my life have helped me to realize that the only thing guaranteed is now, and wishing to fast-forward our lives to FI is foolish. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I have 34k sitting in my savings right now. I’m 28, live at home, and don’t have plans to settle down in a relationship or move out anytime in the next couple of years. I’m pretty flexible with the amount I have currently and am willing to invest liberally. Does anyone have any suggestions? +Hi, Reddit. + +I need help. Long story short, my father helped an old lady out, and in response she gave him all of her assets and equity. This includes a chateau in southern France, three apartments near Lyon, a ton of wild land (classed as agricultural land), and thousands of boxes of old antiquities (her father was an antiquity store owner, and she kept all of his unsold belongings). + +My father is an artist. He has little to not grasp of the financial and business world, and I'm the only one in the family with any background in business (degree in mathematical economics---although that was more theory, and less financial). As a result, I need advice because due to taxes, we need a way to generate income. As an artist, that is tough. I cannot support him financially with my out-of-college-associate-level job. So, what would you advise? + +Further details to help you make an informed response: + +* The castle is old--800 years old. We just got water and electricity up and running last night. + +* It's not livable yet--it is filled with boxes and boxes of old things. I have film and video of a quick tour. A lot of things have molded. There are small animal carcasses. It needs work. + +* The three apartments are vacant and are all in the same building. The local bank is offering to buy them for 48k Euros each. + +* My father and I are both dual citizens (Franco-American). + +* Castle's valuation in 2010 was 1.2M Euros. + +I appreciate any and all recommendations. I don't have a firm grasp of France's real estate market nor where to even begin learning about it. That extends to the French legal and business realms as a whole. + +Thank you. + +Marth + +EDIT: Within the inheritance, there is 280k Euros. So far, we've spent ~40k cleaning up the castle (roof, electricity, clearing out the overgrown weeds, etc.). +A few years back my mother fell down the stairs and broke her hip and had to move into a one level house. She didn't have the money and when I asked my four siblings to pitch in to help her, they all said they couldn't, so I bought my mom a place to live in. I make less than most of my siblings, but I've always been a saver, and I was happy to be able to help. She lived there about five years, and she died two months ago. When she died, her small estate was divided up five ways among us siblings, and I realized that by saving my mom rent money for five years, I was actually writing my brothers and sisters a check. This situation was completely my fault. I was happy to help my mother, but I should have had more forethought about how that all went down. + +But what happened with my mother got me thinking about what will happen with the money I leave to my own kids. + +I'm on the Trinity Study 4% bandwagon with my FI plan, with the intention of leaving a chunk of money to my three kids when I die. I am divorced, and my ex has a base salary that's the same as mine, but saves nothing for retirement and like my brothers and sisters, never has any money at the end of the month because of a house twice as large as mine, new car, etc. Like my brothers and sisters, my ex has never been a saver. + +If I die before my ex and leave this chunk of money to my kids, I think they are likely to use it to help my ex with retirement. + +Just as it seemed unfair for my siblings to get an equal share of my mother's modest estate when they weren't financially responsible enough to be in a position to help her, it seems unfair that the money I have saved may end up helping my spend thrift ex. I am not sure what advice you on this forum can give me, but I wanted to make the observation that if you scrimp and save and leave a chunk of money behind, it may very well go to someone much less frugal than you are who may blow on all the stupid shit you resisted buying along the way. + +And that kinda sucks. + + + +EDIT: +Lots of great advice on this post. Thanks! +Many people suggested a trust or stipulated will to make sure my ex doesn't get anything, but that seems petty to me. + + +Many other people suggested that I wanted to help my own mom, and I raised my kids to want to help their own parents which is a good thing. + + +My ex is being irresponsible by spending too much not saving any money, and my children will bear the burden of it when they have to take care of her. + + +Without any money from me, helping my ex would be a much greater burden on them, so leaving them money makes good sense, even if they use it to help my ex. +Both BP and Shell are trading around their 52 week low. The future of oil is bleak but given these big companies have money to pivot into clean energy, are they worth investing with long term in mind? +So COVID results show that Finance and Energy stocks were pretty rough this year (finance anticipating losses and energy, well we all know what happened to airplanes and such..). + +However, if we agree with the prediction that we would be eventually be going back to normal growth, maybe in 2021, as per [https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020](https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020), then surely + +1. chance that finance stocks will rebound on return to normal conditions as means businesses return to normal levels and so will want financing, and +2. if economy rebounds, we would be using more energy as we produce more, or normally entails return to normal business travel. + +Very noob, but in this event, wouldnt finance and energy be key picks to outperform from now? +I’ve been hesitant about putting this up for a couple of weeks, but I’m a newbie and felt that there are lots people on here that could offer advice, tell me I’m stupid etc. Its going to be quite along read but I will try to keep it as short as possible with just the facts. + +I might just add that I’ve now read the **Tim Hale Smarter investing book** (few pages left to go) which was recommended by a kind user on here and I know what I’ve done wrong, well the book could have been written about me, certainly the first few chapters. + +So I’m asking now if you could for one second see yourself in my position what would you do to minimize the damage/loss. The aim of this is to get out with money and put it all into a ETF. + +The truth is I believed too much Motley Fool or Moneywise, money mail etc. and what I was reading on the internet/news. I read those big bold headlines, market down 30/40/50% and now is the best time to invest in your life to double your profits or become a ISA millionaire. Well I fell for it ☹. Rather than investing in companies I had researched to be good companies or I had a interest in them I just followed what they were putting in the articles, and it made sense. I must add some of them I do know of as I work within shipping so the big chemical companies I work with and know they are good companies. + +I opened a ISA a couple of years a go and invested and HL was the place I should go (so I read). I never knew about Reddit then and the reason I’m asking on here is I know I could get a mixed opinion and then it’s down to me to make a decision based on the opinions I get back. Maybe the writers on Motley fool had shares to sell and they know people will buy them after writing about them and people like me do and then they sell them at a profit 😊 + +So I invested what I had saved in Lindsell Train UK Equity fund Class D accumulation (£7000) which was doing quote well before covid but is currently sitting £500 down after dropping nearly £1500 down. + +When I write the following its not to be mocked but so people understand the mindset of someone that’s new and doesn’t understand but wants to and quickly. So then I see these articles and thought how can I go wrong, these big companies have fallen in price because of covid, they will recover again, maybe not in a few months but certainly over time and I could make 20/30% back on the investment and this would be amazing to try to pay my mortgage off, help my daughters through uni. So I knew I wasn’t going to get a payback quickly, but had no problem waiting 10 years if needed. + +So I had save some money up again and thought I’d invest in some individual S&S, over the space of 2 months. + +HL account below, up to a couple of weeks ago it was up £700. The vanguard Funds I will mention shortly, because this is not where it ends for me + +&#x200B; + +https://preview.redd.it/bw1nf7r6st751.png?width=843&format=png&auto=webp&s=47772c0f5b0879f7e950dc971984bb5276ba166e + +I also had INTU shares (about £300 worth) which I managed to sell when they were free falling and sold them with a £165 loss, tbh even then I was thinking well its taught me a hell of a lot in the space of a few hours, and if that was 000s down I would be crying so I’m not good enough for this game I don’t have the knowledge so I’m done, I knew they weren’t making much money and had some issues, but my thinking was as soon as government opens up shopping malls then people want to go back to normal. + +I then find this reddit page and rather than ask back when I signed up then I continued with my path except I had read some posts about a wonderful service called trading212 which saves me the heavy fees on HL. So I opened an account and buying continued, buying different S&S based on how much something had dropped and where they had been a year 1/2 years ago etc., me thinking when if they have dropped 30% and they only recover 15% then I would be happy with 15% and sell. + +However I’ve had shares which did well and just like the book says I’m one of those people that can’t sell either! I always think that’s there’s more to come. So I now understand the thinking behind nobody can time the market perfectly. + +I created spreadsheets, new skills learnt there, which tracked the daily price for each share and also the opening and closing price of each share I had, still didn’t help me as I froze on the selling front. + +About 3 weeks ago both accounts were over £700 profit, now if I could have sold them then (if I had I probably would have been worse off as I would assume this is easy and ended up buying more and more) + +I replicated my trading212 account as a watchlist within HL so I can watch both of them and here’s that account, this I thought I will buy a few shares short term and see if I can make some quick money, well you can see how well that went for me, and still is, it’s not the end of the world and I can see most them recovering in the long term. Carnival if I had sold out last week I would have been down about £130 but they continue to drop now. + +Genius I saw on a Instagram post, it seems run by scammers or people that have shares to sell, as they make the posts sound like this is the next best thing, I bought one just to test my trust and of course it fell and fell, so lesson learnt no Instagram following, no motley fool or moneymail etc. and I fi do I should research each company. I think my biggest problem was I felt like I was going to miss out on amazing chance to secure something for my family, pay the mortgage off be able to afford a car for my kids that kind of thing. + +I’ve always liked a little gamble nothing serious, just football or boxing every now and then and I’ve never been one just to put it in a bank account and let my money sit there, it isn’t exciting enough or didn’t feel exciting enough, however it certainly is when you see you’re a few hundred pounds down on S&S 😊 + +So this was what the trading212 account was going to be for, however I used up my HL ISA allowance and the fees were more, I had sold a car and thought I’ll try to make some money on the money from the car, big mistake. + +[Trading 212 account](https://preview.redd.it/x4ap7s8bst751.png?width=901&format=png&auto=webp&s=11ed1edc74fb8266743331999b13f7c7d438be9d) + +&#x200B; + +[Trading 212 account](https://preview.redd.it/m0b65s7est751.png?width=901&format=png&auto=webp&s=d53bda0ae8f741b4dc3b3fb57a3a5e3f3fe763b9) + +&#x200B; + +I opened the Vanguard ETF about a week ago and that’s where I will be putting the money and any future profits I do make. + +So takes me up to today, I’ve read the book I completely get what its teachings and I’m thankful I have it now and not a few years down the line. + +I don’t mind waiting and that was my initial plan to wait it out a year or two with what I have, keep drip feeding the ETF every month. + +Also what do you think, some of the S&S shares are up 10-15%, would you just sell these now and just keep doing that until they the last of them go green or keep them in the mix? + +Or would you keep adding to what i have, companies like Greggs/Gym group + +Any real stinkers with the mix that you think get rid of now cut your losses and move on? + +Hopefully as and when newbies join they read this post and I would urge them to read that book **‘ Tim Hale – smarter investing**’ it not full of jargon or technical words. It could have been a lot worse for me, it still might be but I realize near to the start that I’m not cleverer or better than the guys that have been doing it for years, and I don’t have a clue about investing or the markets, I’ve never even touched investing before then all of sudden I think I know what I’m doing, however I must have felt like that to do it in the first place! Stupid. + +So here I am at the mercy of someone that can guide me out of what I’ve got myself into. + +Thanks +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I’ve been hesitant about putting this up for a couple of weeks, but I’m a newbie and felt that there are lots people on here that could offer advice, tell me I’m stupid etc. Its going to be quite along read but I will try to keep it as short as possible with just the facts. + +I might just add that I’ve now read the **Tim Hale Smarter investing book** (few pages left to go) which was recommended by a kind user on here and I know what I’ve done wrong, well the book could have been written about me, certainly the first few chapters. + +So I’m asking now if you could for one second see yourself in my position what would you do to minimize the damage/loss. The aim of this is to get out with money and put it all into a ETF. + +The truth is I believed too much Motley Fool or Moneywise, money mail etc. and what I was reading on the internet/news. I read those big bold headlines, market down 30/40/50% and now is the best time to invest in your life to double your profits or become a ISA millionaire. Well I fell for it ☹. Rather than investing in companies I had researched to be good companies or I had a interest in them I just followed what they were putting in the articles, and it made sense. I must add some of them I do know of as I work within shipping so the big chemical companies I work with and know they are good companies. + +I opened a ISA a couple of years a go and invested and HL was the place I should go (so I read). I never knew about Reddit then and the reason I’m asking on here is I know I could get a mixed opinion and then it’s down to me to make a decision based on the opinions I get back. Maybe the writers on Motley fool had shares to sell and they know people will buy them after writing about them and people like me do and then they sell them at a profit 😊 + +So I invested what I had saved in Lindsell Train UK Equity fund Class D accumulation (£7000) which was doing quote well before covid but is currently sitting £500 down after dropping nearly £1500 down. + +When I write the following its not to be mocked but so people understand the mindset of someone that’s new and doesn’t understand but wants to and quickly. So then I see these articles and thought how can I go wrong, these big companies have fallen in price because of covid, they will recover again, maybe not in a few months but certainly over time and I could make 20/30% back on the investment and this would be amazing to try to pay my mortgage off, help my daughters through uni. So I knew I wasn’t going to get a payback quickly, but had no problem waiting 10 years if needed. + +So I had save some money up again and thought I’d invest in some individual S&S, over the space of 2 months. + +HL account below, up to a couple of weeks ago it was up £700. The vanguard Funds I will mention shortly, because this is not where it ends for me + +&#x200B; + +https://preview.redd.it/bw1nf7r6st751.png?width=843&format=png&auto=webp&s=47772c0f5b0879f7e950dc971984bb5276ba166e + +I also had INTU shares (about £300 worth) which I managed to sell when they were free falling and sold them with a £165 loss, tbh even then I was thinking well its taught me a hell of a lot in the space of a few hours, and if that was 000s down I would be crying so I’m not good enough for this game I don’t have the knowledge so I’m done, I knew they weren’t making much money and had some issues, but my thinking was as soon as government opens up shopping malls then people want to go back to normal. + +I then find this reddit page and rather than ask back when I signed up then I continued with my path except I had read some posts about a wonderful service called trading212 which saves me the heavy fees on HL. So I opened an account and buying continued, buying different S&S based on how much something had dropped and where they had been a year 1/2 years ago etc., me thinking when if they have dropped 30% and they only recover 15% then I would be happy with 15% and sell. + +However I’ve had shares which did well and just like the book says I’m one of those people that can’t sell either! I always think that’s there’s more to come. So I now understand the thinking behind nobody can time the market perfectly. + +I created spreadsheets, new skills learnt there, which tracked the daily price for each share and also the opening and closing price of each share I had, still didn’t help me as I froze on the selling front. + +About 3 weeks ago both accounts were over £700 profit, now if I could have sold them then (if I had I probably would have been worse off as I would assume this is easy and ended up buying more and more) + +I replicated my trading212 account as a watchlist within HL so I can watch both of them and here’s that account, this I thought I will buy a few shares short term and see if I can make some quick money, well you can see how well that went for me, and still is, it’s not the end of the world and I can see most them recovering in the long term. Carnival if I had sold out last week I would have been down about £130 but they continue to drop now. + +Genius I saw on a Instagram post, it seems run by scammers or people that have shares to sell, as they make the posts sound like this is the next best thing, I bought one just to test my trust and of course it fell and fell, so lesson learnt no Instagram following, no motley fool or moneymail etc. and I fi do I should research each company. I think my biggest problem was I felt like I was going to miss out on amazing chance to secure something for my family, pay the mortgage off be able to afford a car for my kids that kind of thing. + +I’ve always liked a little gamble nothing serious, just football or boxing every now and then and I’ve never been one just to put it in a bank account and let my money sit there, it isn’t exciting enough or didn’t feel exciting enough, however it certainly is when you see you’re a few hundred pounds down on S&S 😊 + +So this was what the trading212 account was going to be for, however I used up my HL ISA allowance and the fees were more, I had sold a car and thought I’ll try to make some money on the money from the car, big mistake. + +[Trading 212 account](https://preview.redd.it/x4ap7s8bst751.png?width=901&format=png&auto=webp&s=11ed1edc74fb8266743331999b13f7c7d438be9d) + +&#x200B; + +[Trading 212 account](https://preview.redd.it/m0b65s7est751.png?width=901&format=png&auto=webp&s=d53bda0ae8f741b4dc3b3fb57a3a5e3f3fe763b9) + +&#x200B; + +I opened the Vanguard ETF about a week ago and that’s where I will be putting the money and any future profits I do make. + +So takes me up to today, I’ve read the book I completely get what its teachings and I’m thankful I have it now and not a few years down the line. + +I don’t mind waiting and that was my initial plan to wait it out a year or two with what I have, keep drip feeding the ETF every month. + +Also what do you think, some of the S&S shares are up 10-15%, would you just sell these now and just keep doing that until they the last of them go green or keep them in the mix? + +Or would you keep adding to what i have, companies like Greggs/Gym group + +Any real stinkers with the mix that you think get rid of now cut your losses and move on? + +Hopefully as and when newbies join they read this post and I would urge them to read that book **‘ Tim Hale – smarter investing**’ it not full of jargon or technical words. It could have been a lot worse for me, it still might be but I realize near to the start that I’m not cleverer or better than the guys that have been doing it for years, and I don’t have a clue about investing or the markets, I’ve never even touched investing before then all of sudden I think I know what I’m doing, however I must have felt like that to do it in the first place! Stupid. + +So here I am at the mercy of someone that can guide me out of what I’ve got myself into. + +Thanks +I know property is a safe bet, particularly in London where the value is almost certain to continually increase, but it is simply not an option for me. I have done some research into things like debt securities, stocks and shares, and the like. + +I guess what I'm really asking is is there anything I can invest in/buy that could be used as a long-term asset like property is? Something that I could always sell if needs be, or can be factored into savings and retirement plans. +I was looking at this thread and reading the comments sorted by new. [https://www.reddit.com/r/Superstonk/comments/qa10uc/50k\_per\_share\_sounds\_satisfying\_doesnt\_it\_being/](https://www.reddit.com/r/Superstonk/comments/qa10uc/50k_per_share_sounds_satisfying_doesnt_it_being/) + +&#x200B; + +...and hooooly, there is just an ABUNDANCE of shills in this subreddit, and it begs the question, why are they still permitted to comment and post, while some members of the sub are still facing karma restrictions? + + +Since the mods are busy, I'll help out. Here are just a few from the comments. + +[Shill 1](https://preview.redd.it/iks63mzuj3u71.png?width=580&format=png&auto=webp&s=bf890d61cd82a221cd70896d26b749f315bfbf85) + +[Shill 2](https://preview.redd.it/uczdpt5zj3u71.png?width=884&format=png&auto=webp&s=8b2be0c07fcd56b5864144c334e887c728ab7ca6) + +[Shill 3](https://preview.redd.it/hd5buia2k3u71.png?width=572&format=png&auto=webp&s=12744f8ab430c0bd546793706a3c1faeaf26dc43) + +[Shill 4](https://preview.redd.it/60j230l9k3u71.png?width=891&format=png&auto=webp&s=6e82f939eb8264f80ea9e1875f281c4c90fe94fc) + +Now I'm gonna stop screenshotting the comments and just post the usernames. +Look over their history and decide for yourself if they should be permitted to continue posting here. + +&#x200B; + +https://preview.redd.it/3vngfbvkk3u71.png?width=215&format=png&auto=webp&s=aeccc38c39da8c83ba7c095cb0209c4a8a3f150f + +https://preview.redd.it/7dr8iaqsk3u71.png?width=267&format=png&auto=webp&s=a38802b732dc04d75c4a0a82a1fd95b5bd078485 + +https://preview.redd.it/d8n9zt0yk3u71.png?width=265&format=png&auto=webp&s=d6543fc3a030c1f1323b660f3871b022b154c9eb + +https://preview.redd.it/6i23hz80l3u71.png?width=311&format=png&auto=webp&s=6951c64af15643e782a9a6d3bd38ec62aadc8b28 + +Can we get to banning these dudes? I get the mods are busy, but one fell swoop is all it takes to get rid of them. + + +At least until they figure out a way to farm more karma. +https://www.marketwatch.com/story/marco-rubio-rolling-out-his-own-plan-to-limit-stock-buybacks-2019-02-12 + +Plan seems to be to tax stock buybacks the same way dividends are taxed. +How has been your experience with it? + +Edit: Thank you for answering. Just to clarify, my question isn't limited to the Smallcase company. You can also write about smallcase products offered by Zerodha, HDFC Securities etc. I should've clarified that before. Apologies for that. + +* What fund houses are you currently invested in? Why did you invest in the funds? +* What are your reviews on the funds offered by the fund house? +* Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? Discuss. +* Does the fund house provide the necessary financial statements for addressing income tax liabilities? Does it provide a capital gains statement? +* Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +* What PMS scheme are you currently invested in? Why did you choose it? +* What does the PMS fee structure look like? +* Does the PMS manager provide periodic communications regarding portfolio selection and performance? + + +You can ask for a general review of a particular product or service that you are researching - "What is the investing style of fund X? Is it recommended for long-term retirement needs?", but avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ke padosi ka beta, and I have 25 lakhs saved up currently for retirement purposes in 30 years. What fund or PMS should I choose?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +They are still trading at a very high PE ratio. Azure seems to be catching up to AWS pretty quick. If you’re in tech you will know that experienced devs don’t want to work for Amazon. I know it’s a great company but I can’t see it growing the same pace. Help me change my mind, looking to diversify my investments anyway. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +**​**[**What's GME & should I consider investing?**](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +**Library of Due Diligence** [**GME.fyi**](https://fliphtml5.com/bookcase/kosyg) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs +# Looking for the DRS Mega Post? Find it here + +[When You Wish Upon A Star - A Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Useful Links Provided By Computershare + +FAQ on [Becoming a registered shareholder in US-listed companies through Computershare](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +For shareholders who need assistance with their account (e.g. logging in, password reset, etc.), please review [FAQ](https://www-us.computershare.com/Investor/#Help/FAQ), [email](https://www-us.computershare.com/Investor/#Contact/Enquiry) or [virtual assistant](https://www-us.computershare.com/Investor/#Help) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Computershare AMA Part 1 + +If you have not already, please check out the part 1 AMA we have done with Computershare. + +Transcript and video are linked below. + +[https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare\_ama\_part\_1\_video\_link\_with/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------------------------------------------------------------------------------------------------- + +# AMA Question Requests + +Computershare was kind enough to offer us a part 2 for the AMA, as we could not get around to all the questions and they also recognize there will likely be follow-up questions from part 1 as well! + +The main question theme we did not get around to is the platform functionality/reliability questions, collected from the initial AMA request post. Feel free to request them again - but rest assured they will be a part of the question set for part 2! + +Great questions for part 1, I look forward to reading and compiling them for part 2. + +\----------------------------------------------------------------------------------------------------------------------------------- + +This post is open for questions until 9th November at 12:00 am EST. + +\----------------------------------------------------------------------------------------------------------------------------------- + +Edit: Please note, if you're unable to comment due to karma restrictions and want to still ask a question - ask away as I see them as a moderator when i go through to compile the questions. +# Looking for the DRS Mega Post? Find it here + +[When You Wish Upon A Star - A Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Useful Links Provided By Computershare + +FAQ on [Becoming a registered shareholder in US-listed companies through Computershare](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +For shareholders who need assistance with their account (e.g. logging in, password reset, etc.), please review [FAQ](https://www-us.computershare.com/Investor/#Help/FAQ), [email](https://www-us.computershare.com/Investor/#Contact/Enquiry) or [virtual assistant](https://www-us.computershare.com/Investor/#Help) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Computershare AMA Part 1 + +If you have not already, please check out the part 1 AMA we have done with Computershare. + +Transcript and video are linked below. + +[https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare\_ama\_part\_1\_video\_link\_with/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------------------------------------------------------------------------------------------------- + +# AMA Question Requests + +Computershare was kind enough to offer us a part 2 for the AMA, as we could not get around to all the questions and they also recognize there will likely be follow-up questions from part 1 as well! + +The main question theme we did not get around to is the platform functionality/reliability questions, collected from the initial AMA request post. Feel free to request them again - but rest assured they will be a part of the question set for part 2! + +Great questions for part 1, I look forward to reading and compiling them for part 2. + +\----------------------------------------------------------------------------------------------------------------------------------- + +This post is open for questions until 9th November at 12:00 am EST. + +\----------------------------------------------------------------------------------------------------------------------------------- + +Edit: Please note, if you're unable to comment due to karma restrictions and want to still ask a question - ask away as I see them as a moderator when i go through to compile the questions. +**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! +In case you didn't know it, now you do. The reason for this post is to make sure everybody who might be holding on to ETC and wondering what to do with it, has all the relevant information and likely strategic possibilities. + +The exploiter(s) had to split again from TheDarkDAO into another child DAO and that process takes 41 days from start to finish. That happened either the day of, or after the hard fork. + +Thus, they will gain access to their stolen ETC on August 31. + +I anticipate that anyone who has been trading / playing the ETC markets will attempt to front-run that date by dumping any/all of their ETC in anticipation of that event, so as to not be left holding the 'bag'. + +Humans being humans, most people will of course think they're being clever and try to move a few days ahead of when they think everybody else is going to move. But that usually doesn't work out so well when *everyone else* is also planning to make the same move. + +Thus, I suspect the price of ETC may start dropping precipitously during the week leading up to August 31. + +In turn, the price of ETH could possibly rise precipitously as a result. + +Also, be mindful of the fact that the exploiters and their cohorts are fully aware of all of this. Thus, they fully understand that they have about 25 days left to wreak as much havoc as possible in the markets -- to include several more coordinated pump 'n dump / speculative attack efforts. + +Stay vigilant. +Long time lurker of this sub. + +Just wanted to share a bit of my story and thank everyone who has helped me really get on top of everything. And I hope that those of you in a similar position with debt can maybe learn and take some tips from what I did (more than happy to answer any q's). + +Status at the start of this year: 30 year old, single, renting, who's been paying off debt for YEARS (had an outstanding amount of £6000 at the start of this year). Had no savings, no house deposit, nothing, car still on finance and my credit rating completely ruined (couldn't get bank accounts, starter credit cards etc.) + +During those years, I fell over a couple of hurdles: + +The first BIG one one being - getting a debt management company to sort everything out for me. + +I would advise everyone to avoid these like the plague. I discovered a month into my repayment plan with them that actually, they were taking 25% as a fee for themselves - so it wasn't going off any debt I owed. + +So, having had that in place for a month I thought i'd be sneaky (as they had found one or two debts that I was unaware of). A week before going into the second month of the plan, I asked them for a full copy of all the companies that I owed, along with the outstanding amounts after the payments had been taken. This let me get on to and track EVERYTHING that I owed. + +I then spent the rest of that week googling the companies up, got the contact details for their customer services, noted the reference numbers the management agency had for me, and compiled it into a nice spreadsheet. + +Then I looked at the outstanding amounts. As I was already paying a DMC £300, I found that there were two debts sitting at around £100 and £135 - these were the first I was going to pay back in full. + +So I called up the DCM and informed them I wanted to cancel the plan (there was no cancellation charge as I was still within the 30 day cancellation window). + +Then, I spent a full Saturday contacting each one of my debts, explained the plan had been cancelled (which was an absolute FAFF), but eventually got there, and used a sort of "snowball" method, to pay the debts off. + +All I did - I set up direct debits with the first two small debts - and got them paid off in full the following month. As for the 4 other debts, I had setup plans with them directly, to take £50 each month from my account. (So had £500 going out each month - which was basically all I had left after rent/bills/food as I was in a badly paid job - thank christ for the flowchart!) + +Once those 2 had been paid, I then reassessed my situation, and saw that a third debt (which had £350 outstanding after debts 1 and 2 were paid) could be smashed out the following month. So I kept my budget strict, and the £300 that was used to pay off 1 and 2 then paid off the 3rd the following month. + +Then I got to the bigger debts (totally a couple of grand). I split the £350 extra I now had between the 3 debts - £200 off the smallest, £125 on both of the others. As the 4th debt paid off, I then increased the payments by £100 each. + +Which brings me to this last 6 months. I was then fortunate back at the early start of the summer to move back home out of my flat. Mum wasn't happy with her husband, and let slip to me that she was thinking about divorcing him (he's a piece of shit, and it was absolutely the right thing for her to do), she had also lost her job back in April, got another but was shielding. + +So I figured best of both worlds, give me an opportunity to live very cheaply, get my debts finally cleared, help her through the divorce and try and get myself back on my feet. + +That was my plan in July. I was in the same job, but played a complete wild card in work. + +A lot of staff were leaving, and I knew that the overwhelming majority of them were (1) paid a hell of a lot more than me with less experience, and (2), not all that good at their jobs. So I decided to pull the plug and give my notice in claiming that I had received a job offer for £9000 more than what I was on (I hadn't, but did have interviews lined up, but had a 3 month notice period and would've been able to find a job easily in my field). I realise this was a really crazy decision to make during a pandemic where people are losing their jobs, but figured I've never once rolled the dice or asked for a payrise. Now might just be the time to do it. It definitely paid off. + +So I moved back with a 45% pay increase. Reassessed my situation again, and by the end of November, I was completely debt free. The feeling of relief and weight that was lifted was genuinely insane. I feel like a different person knowing that this year, I can actually live my life and do things i've always wanted to do - travel, set up a side income business, go to gigs, eat out, have breaks away. + +I'm now in a position where I can get a credit card (got one with a small limit, but have a budget of £50, and £50 away in a tin, so when i've used 25% of my credit card, I pay it back IMMEDIATELY), and my credit score has gone from bottom of the dumps, to okay. It's still not great, but I figure if I can keep it up with the CC, I should be in a much stronger position by the end of this year. I've also started saving for a house deposit, and have been investing in stocks and shares - if you had said to me back when I was 27/28 that by the time I was 30, i'd be debt free, saving for a house AND investing, I would've slapped you for talking stupid. + +So I just wanted to thank each and everyone of you who's ever commented on a post, or silly question from me. This sub has been a massive help! Happy 2021! + +TL:DR - If you're in debt, collect details on every single one outstanding, call them directly, explain your situation and they can come up with an affordable repayment plan. Keep a strict budget, and then once one is paid, move that payment over to your next smallest debt. Every 2-3 months, reassess where you are, and keep reassessing and staying on top of it all. Also, if you feel you're undervalued in work and not paid as much as you should be - 100000% look at moving companies. +Today, I dealt with an attempted scam call in which a scammer posed as my bank and tried to get access to my online account. The caller ID matched my bank's customer service number, and I answered the phone. The man on the other end identified me by name and told me that there was an attempted purchase on my debit card that was marked as fraud by their system. He asked me if I authorized the charge, and I said no. He told me that my card was likely skimmed at a gas station and told me they could send me a new card. He confirmed the correct address as well. He was doing a good job at convincing me he was legitimate. Fortunately, he messed up and outed himself as a scammer. He asked for the last 4 digits of my social security card for "security purposes" before they could send the card. I started to get suspicious and asked him why he couldn't just send me a new card like they did in the past, without needing my social security number. He started to get a bit evasive, and I hung up on him. I called the customer service number myself and spoke with an agent who confirmed with me that there were no attempted charges like the scam caller said there were. The scammer was somehow able to call using the banks customer service number and nearly had me fooled that he was my bank. If I had given him my social security number, he could have reset my password and had full access to my account. + +I went ahead and changed my password, security questions, and ordered a new debit card. The scammer most likely got my card information from a skimmer, and was able to find my address and phone number through whitepages. He was convincing and could have easily fooled me if I wasn't as diligent. The bottom line is that if you ever receive a call from your bank, hang up and call them yourself. I could have lost everything in my bank account if he got access to it, and I'm going to be extremely cautious from now on. +Hello there, I am a high school in Canada, and we have recently gotten an investing assignment in school. The goal is to make as much money as we possibly can in five weeks in the Canadian market in an investing simulator. We are given 100 000 dollars to invest, and we need to invest in at least four different stocks, with no stock making up over fifty percent of our portfolio. I know nothing about the stock market and don't even know where to start. Can anyone point me in a direction of where to begin? Any advice on how to make the most money possible in a short period of time? + +Thank you in advance. +One of the biggest challenges stated on this Subreddit is the actual FIRE'ing part. Despite having done all of the hard, arduous work to get to that status — many people find it difficult to FIRE (Some claiming to experience depression among other issues). + +Now in my opinion, this makes sense when you think about it. Even if many of us plan/will retire extremely early, we still need to work 10-20 years minimum. + +I'm curious to hear if anyone has or has heard of any stories where people were able to negotiate dialing back hours gradually over the course of a year (or a couple) before officially retiring. Imo, this is probably a more logical way of easing into it for most people, and it'll give you more time to figure out what you actually want to do with your time. +If the company manages to successfully come out of the Chap 11, what happens with call options that were purchased during the period? + +I am looking at Jan 2022 calls on Oasis Petroleum strike 2$, but I am uncertain as to what happens if they come out of Chap 11. + +Will the calls be worth something, or do they risk being worthless if the stock is new or something? +I am confused.. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs + +&#x200B; + +**📌 Flair update!** Out with the ODL in with the new **🧾 Buy & HODL 💎🙌** with a new background color #242424, IYKYK + +**📌** [New Superstonk User Flair Emojis & How to edit your own flair!](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Right now he has \~13%, [but he has right for up to 19.9%](https://www.reddit.com/r/Superstonk/comments/n1v7hp/rc_owns_13_of_gamestop_stock_under_this_agreement/). With the current shares outstanding, this 6.9% is about 5M shares. This means that, especially now that the shareholder meeting has passed, he's free to buy by himself an amount very similar to the entire extra offering any time he wants. + +Now this part is speculative, but if his plan is really to buy the offering by himself, it'd be a master move: + +* He avoids hedgies from getting these new shares. +* GameStop cashes more money from the offering. +* The total ownership of RC ventures increases to 19.9%. +* If then a reverse merger happens, GameStop gets both the cash from the offering and effectively the ownership of these shares back. + + +Edit: as comments point, RC might not have enough capital to buy so much by himself. Even with the dip, this would be about $1B+. He could still buy part, though. +There are a lot of posts on this sub asking for online broker recommendations. + +I’ve commented on a few of these posts suggesting that if you’re not doing any exotic or exciting trading, brokers are essentially commodities that all offer the same (or a very similar) service. + +If you think that’s true, the main thing you should consider when choosing a broker is the cost. + +But because of the tiered pricing structure of many brokers, it becomes difficult to make recommendations without knowing the average trade size of an individual. + +Realizing this I did an [analysis of brokerage based on trade size](https://i.imgur.com/Ehvj6Oi.png). (Green is cheap. Red is expensive.) + +There are two things wrong with this: + +1. It doesn’t tell you who the cheapest broker is (because the colours are vague) +2. I did this some time ago and new brokers have started since + +I wanted to make a better, more permanent solution. + +So I created a website called [**TradeCost.io**](https://tradecost.io/best-online-share-trading-platform-comparison-australia/) + +On this site you can enter any trade size you want up to $1,000,000 (the default is $1,000). + +Based on the trade size you enter, the brokerage fee for each online broker is calculated and the table rearranges to order them from least to most expensive: + +[**Example of table sorting**](https://i.imgur.com/LnaLIGA.gif) + +If you need extra features or you’re trying to choose between two brokers I’ve provided some standard information about each broker including: + +- Fee structure +- Instruments you can trade +- Whether you can access international markets +- CHESS or Custodian +- Attached account details +- Platform and inactivity fees +- Live data pricing +- Mobile app details + +[**Example of info popup**](https://i.imgur.com/6p3dDb9.gif) + +Some of the cheaper brokers require you to meet specific criteria to access better pricing, so make sure you check those details in the ‘Fee structure’ info. + +A perfect example of this is Saxo who offer ‘Classic’, ‘Platinum’, and ‘VIP’ with each of these tiers available as either participant-sponsored (CHESS) or issuer-sponsored (Custodian): + +- Classic = Initial deposit is between $3,000 and $50,000 +- Platinum = Initial deposit is between $50,000 and $1,000,000 +- VIP = Initial deposit is over $1,000,000 + +I tried to be fair by including every broker I could find. + +Some brokers who would otherwise be on the list have been excluded because when I called them they weren’t really interested in taking clients who only wanted to trade shares. These were mainly CFD and FX brokers that offer share trading as an additional service to their clients. + +If you think I’ve missed a broker or if any of the info on a broker is incorrect, please let me know. I tried to be thorough and called each broker to confirm the additional information so hopefully there aren’t too many issues. + +I hope people enjoy the site and it helps you out. + +I’m all ears on ways it can be improved so please provide feedback in the comments :) + +--- + +Just as a heads up the SelfWealth link is my referral link. I don’t make money if you sign up, I just get some free trades. +So we have our 401K at Fidelity and today received an email from them telling us about the situation of our investment mix. It turns out, with our 90% large cap index and 10% bond mix, we are right in the middle of the conservative to aggressive investment. + +I always thought that with 10% bond index, we are very aggressive already; however it turns out not to be the case from finance management perspective. Theoretically, what should you do to be an aggressive investor? Stocks are not an option in our 401K selections. + +&#x200B; + +==Update 1, 18:50 27/Aug/2020== + +WOW I am overwhelmed by so many responses. Big thanks to you all for all the comments and inputs here! It's great to learn other's perspective. + +Some further info: I am in my early thirties so I am not looking at retirement at least in another 25-30 years. Thus I am comfortable with my split of stocks (through index funds) and bonds (also bond index). Originally I was just surprised to see that with 90/10 split I am still considered as intermediate aggressive; now I get that it's not only about the ratios, but also what kind of stocks I get. With my heavy investment in the large caps, it's indeed not that risky, or aggressive. + +Based on the portfolios mentioned below, it looks like I am in no way at the extreme. However, it does remind me to add some int'l stock to diversify, which is something I will do as my next step. + +&#x200B; +For context, I own a house and drive a 14 year old, paid off car...so the question is more because I’m curious about the logic and the math. + +I regularly see posts where people want to buy a house because they don’t want to “throw money away” on an apartment. Obviously everyone chimes in and explains that it isn’t throwing money away because a need is being met. So, why is it that leasing a car is so frowned upon when it meets the same need as owning a car. I feel like there are a lot of similarities, so I’m curious if there’s some real math I’m not considering that makes leasing a car different than leasing an apartment. +So Michael J Burry, the hedge fund manager who foresaw and shorted the mortgage bond market has been in the news lately for shorting Tesla stock as well. + +He just posted the following [tweet](https://twitter.com/michaeljburry/status/1404803383589060618?s=19): + +"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude. #FlyingPigs360" + +Although his expertise and research is US-specific, he mentions "bubble of all time in all things" which can indicate that he is talking about global markets across all asset classes. Equity fund managers in India are also being extremely conservative right now in terms of acknowledging that the earnings haven't kept up with the market prices leading to higher PE ratios than normal. + +I know that as a long-term investor, time in the market is more important than timing the market. But I am fairly new to this (<5 yrs investing journey), and this is the first time I am seeing experts indicating a bubble. I am not sure what the path forward for a long-term investor should be at such times. + +As a long-term investor, how should we alter our investment strategy? + +More specifically, +1. Do we rebalance the equity:debt allocation? +2. Do we continue/switch/stop SIPs in mutual funds/stocks? +3. Do we put money in liquid instruments waiting for the bubble to pop (timing that is anyone's guess) and then invest a lumpsum? +4. Do nothing? + +Thanks! +So Michael J Burry, the hedge fund manager who foresaw and shorted the mortgage bond market has been in the news lately for shorting Tesla stock as well. + +He just posted the following [tweet](https://twitter.com/michaeljburry/status/1404803383589060618?s=19): + +"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude. #FlyingPigs360" + +Although his expertise and research is US-specific, he mentions "bubble of all time in all things" which can indicate that he is talking about global markets across all asset classes. Equity fund managers in India are also being extremely conservative right now in terms of acknowledging that the earnings haven't kept up with the market prices leading to higher PE ratios than normal. + +I know that as a long-term investor, time in the market is more important than timing the market. But I am fairly new to this (<5 yrs investing journey), and this is the first time I am seeing experts indicating a bubble. I am not sure what the path forward for a long-term investor should be at such times. + +As a long-term investor, how should we alter our investment strategy? + +More specifically, +1. Do we rebalance the equity:debt allocation? +2. Do we continue/switch/stop SIPs in mutual funds/stocks? +3. Do we put money in liquid instruments waiting for the bubble to pop (timing that is anyone's guess) and then invest a lumpsum? +4. Do nothing? + +Thanks! +See the [official announcement](https://zerodha.com/z-connect/featured/no-dp-charges-on-coin-redemptions): +> Investing in direct mutual funds on Coin just keeps getting better. Effective today, DP (Demat) charge of Rs 5.5 per mutual fund redemptions will be no longer applicable. +I'm currently considering a masters of applied statistics. In my work I'm mostly in data analytics but also do some data science in that too - applied stats and machine learning. I want to move purely into data science in the next 5 years. + +Knowing the time in your life you did the masters would also be helpful. I'm 27/M just bought a unit with my wife and thinking of kids in next 2-3 years. + +There was a similar question recently asked but here I wanted to know more specifically the masters you actually did and whether it was worth it. I've heard some quite technical masters might not be as useful as a broader MBA from a good university. +Hopefully you've heard that fee's aren't the only way to compare superannuation products. + +[This here is a spreadsheet](https://docs.google.com/spreadsheets/d/12w9-Ia8hrFJkKrJlgIbNaSHVb-Y73SeE2_T1Zx1kFio/edit?usp=sharing) that takes into consideration both fee's and performance for 8 super funds. + +The portfolio used is 50% international shares, 20% Aussie shares, 20% property and 10% emerging markets. So it is an aggressively high growth portfolio. + +I've used index options where possible, but not all funds have low cost index based investment options or an option for all of these areas. + +I've only projected the balance and fee's paid over 10 years, as some of these super funds start putting caps on admin fee's and I didn't want to include this. + +I've assumed a starting superannuation balance of 50K, an annual salary of 90K, 10% SG contributions and 2% inflation (my inflation calc is slightly wrong). + +&#x200B; + +Some Highlights: + +Even though Aware super has medium fee's they've had the best performance for this type of portfolio, the balance for this portfolio over 10 years would be $245,215.58 + +Host Plus and Rest have also done well and are almost tied for 2nd/3rd place with 241K and 239K respectively + +Having no index based investment options is really hurting Hesta, after 10 years this fund would be $216,433.19 + +Even though CFS has fairly high fee's it's not terrible (for a retail fund) + +&#x200B; + +Past performance is no indication of future gains, and this isn't personal advice + +If you want to play around with the spreadsheet please make a local copy + +Update: my earlier spreadsheet didn't take into account this important disclaimer text:\*\*Returns are net of investment fees and costs and where applicable investment taxes. +tl;dr - **Don't trust strangers on the Internet to write correct code. AH! I should have been more suspicious when the results didn't come out exactly the way I expected. The upper bound on David's parameter is probably less than 5%, not 15%!** Making new plots now. Sorry about that! + +MAJOR EDITS: There was a bug in how I coded up David's strategy, and it made his results much better than they should have been. I discovered it while implementing /u/Bigholebigshovel's suggestion of a modified DCA, where you DCA unless there is a dip, in which case you dump everything in. + +I don't know the proper etiquette when a post needs to be changed so much, but has already been up for several hours, with lots of comments. I'm reluctant to delete it, but if the mods want to remove it, I'd be TOTALLY fine with that. If this was a paper I had submitted, I would retract it. But I don't want to retract the discussion in the comments. + +Anyway, here's a (probably) correct version of the original post: + +~~tl;dr - In a mild surprise to me, waiting to invest new cash when the market is at an all-time high is a perfectly fine strategy.~~ + +tl;dr2 - h/t /u/HealthCare2FIRE_Blog "Between dumping and DCA, go with what helps you sleep at night." + +It's a new year on Wednesday, and I bet most of us will be putting $6k into IRAs and investing Thursday morning. Over on r/investing /u/SuperCaptainMan asked the [question](https://old.reddit.com/r/investing/comments/egl0a4/given_the_current_rally_will_you_be_contributing/) that is probably on many people's minds: Is it really safe to invest right now given the huge rally in 2019? + +As the top comment over there indicates, investing every year on Jan1 (and in general, investing as soon as you have money to invest, regardless of market conditions) is a great strategy. I'm a Schwab fanboy, so I'll link [Schwab's assessment](https://www.schwab.com/resource-center/insights/content/does-market-timing-work) of 5 investment strategies. Obviously Peter Perfect (who always invests at the low point of the year) comes out ahead, but Ashley Action (who invests immediately) almost always comes in second place. Dollar-cost-averaging, like Matthew Monthly, is not much worse than Ashley, and is forced on many of us who get our salary gradually throughout the year instead of all on Jan 1. + +Schwab's last two "strategies" of Rosie Rotten always investing at the yearly high point and Larry Linger only holding cash don't seem realistic. That is, they are an extreme version of being nervous about Jan1 during a rally, and imo too far to the extreme to be relevant. So I made up a new character for our story, David Dip, who waits for an X% dip off the all-time monthly S&P500 high before investing. If you are comfortable looking at graphs without explanation, [here they are](https://imgur.com/a/V4PzFpQ). + +I coded up David's strategy (and the other 5) in Matlab to see how they compare. ~~I'll post code in the comments.~~ I got the data from [ERN's SWR spreadsheet](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/). I didn't do any extra vetting of the dataset, and apparently it's slightly different than what Schwab used, so take this for what it is--casual data visualization by a random stranger on the Internet. + +David's strategy is unlike the other 5, because it takes a parameter. How big of a dip does there need to be to invest? I ran every integer percentage value from 0% (which should and does match Ashley exactly) to ~~20%~~ 15% (which is obviously too much, as you'll see). I expected to show that David's strategy is just like Ashley's when the parameter is low, and worse than Ashley's when the parameter is high. ~~What I saw is slightly different than that, but only slightly.~~ Edit: In the buggy code, it looked like the parameter could be as high as 15% and David was still doing fine, even slightly better than Ashley. In the corrected code, I see exactly what I expected. For values <5%, David is just like Ashley. But for values >5%, David is worse, and by 10% or 15%, MUCH worse. + +EDIT: In the comments, /u/Bigholebigshovel suggested that I not use Ashley as the baseline, but instead use Matthew Monthly (DCA). So I implemented a "Shovel" strategy that does DCA while waiting for a dip. So this looks like David, but Shovel will never hold cash more than 12 months. This turns out to be a very good strategy, assuming I haven't bungled things again. + +First, let's replicate Schwab's results to make sure my code is mostly correct: + +https://imgur.com/DYQb8wi + +Pretty close. My numbers are consistently higher than Schwab's, and I don't know why. Perhaps ERN is reinvesting dividends and Schwab isn't, or something like that. The trend is spot on, so I'm not going to worry about that. + +Next, I ran David's and Shovel's strategies over 78 periods of 20 years each. I computed the mean and median normalized return, where ~~Ashley's return (or David with parameter 0%) is set to 1.~~ Matthew's return (or Shovel's with parameter 100%) is set to 1. On average, Ashley does 2% better than Matthew, so you can imagine a horizontal line at 1.02 representing Ashley. David's line starts exactly at Ashley's value. ~~The result shows that David outperforms Ashley by an average of ~1% when the parameter is set perfectly.~~ The result is that while Shovel is fine at any parameter, David is only OK as long as his parameter is very small, <5%. + +~~[Not going to link to the old, wrong images, though they are still in the album]~~ + +https://imgur.com/QtLdI6S + +~~Remember, that's 1% over 20 years, meaning a few basis points per year. But actually, I think this result is very encouraging! If psychologically you can't bring yourself to invest during a rally, don't! Just make sure that as soon as there is a dip of 5-10%, you invest. If you only wait for headline-making dips of 15% or more, your returns will suffer.~~ + +I think the right way to interpret this is that if you can't stomach the thought of lump-sum investing on Jan1 when the market is at an all-time high, do DCA instead while you wait for a small dip. Also, David and Shovel *never* sell stocks once they buy in (and neither did Peter, Ashley, or anyone else). In other words, this strategy only applies to new money. + +What market conditions cause David's strategy to be especially bad? Well, a very long rally with no dips, obviously. Here's one example: + +~~[Not going to link to the old wrong images]~~ + +https://imgur.com/9bmuM0j + +~~[I removed a lot of irrelevant commentary here]~~ + +How about the market conditions where Shovel doesn't do well? Well, to be honest, it looks like random noise to me, and I don't see any trends or patterns that predict when Shovel won't work well. This is a good thing, by the way. + +That's all I've got. I made a couple plots of the PDF of David's return, so maybe I'll tidy those up, label them, and add them to the imgur album. I thought this was an interesting and mildly surprising result, so I wanted to share. + +Happy (almost) New Year! + +ETA3: Code is in github. 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He went through a rough patch--got addicted to opiates. Fell off the map for a while. He got clean which is great but that was like 7 years ago, and ever since then, he's been working under the table as a tradesman. While he was an addict he worked here and there as a tradesman, also under the table. So basically all of his income has been unreported. + +I'm concerned that he hasn't done a tax return in over fifteen years. I feel like it's only a matter of time before the IRS catches up to him, and he faces some sort of consequences. + +On the other hand, I'm not sure there's any record of him ever getting paid anyways, so maybe there's no reason to be concerned? I don't know how the IRS handles stuff like this, and what they know and what they don't know about his situation. + +My questions are: is he in trouble? What should he do? Does the IRS offer a path to get back on track? Or do they just throw people in jail for stuff like this? + +His solution is to hide his head in the sand, but I don't want to see him go to prison. He'd be willing to work towards a solution but he believes there are none, and that he's basically just fucked. + +Also, he filled out a form online to get the stimulus checks, so they have his address. He never got a check but he gets these letters sometimes saying that he can still fill out a form to get his stimulus money. I can only assume those are automatically sent out. So they DO send him mail, but, he's yet to receive anything scary. + +Edit: I just wanted to thank everyone for the comments so far, this is really helpful. + +Edit 2: Thanks again guys, this is incredibly helpful. This is a topic that I've lost sleep over. After reading the comments here I feel like he will be able to avoid jail time, which is my main concern. + +I think the plan, as it stands, is to enter his info on the IRS site to see if anything has even been reported at all. Then once he gets an actual full time job, instead of freelancing, we will help him hire a tax attorney or accountant, and start the process at that point. I have very little hope that my brother will do any of this on this own. Opiates really fucked him up and destroyed his sense of self worth. It's been rough getting him back on track but I think he has enormous value, he just doesn't realize it. + +He's a hard worker and very clever but he has remarkably selective intelligence. He's a skilled carpenter and electrician, he's articulate (much more so than his competitors), he's good at solving problems and I can't think of a better person to have in an emergency, or high-pressure situation. On top of this he's saved 5 lives over the course of his life on 3 separate occasions (2 fires and a sledding incident). He has enormous value but he's absolutely broken in terms of managing his own life, building wealth, or even sitting at a desk long enough to do a tax return. I honestly think he was just born in the wrong century... He would have thrived in the middle ages +I thought it might be useful for people to see the source of these predictions for the price cap changes, rather than the usual media regurgitation, and it is here - + +[https://www.cornwall-insight.com/press/price-cap-to-remain-significantly-above-3000-a-year-until-at-least-2024/](https://www.cornwall-insight.com/press/price-cap-to-remain-significantly-above-3000-a-year-until-at-least-2024/) + +The piece from Cornwall Insight also helpfully splits apart (which the media regurgitation never does) the cost predictions for gas and electricity. + +These are £1,840.72 and £1,518.12 for Q4 2022 (i.e. October to December) for the 'average' user. + +But what is an 'average' user people say, and so I thought it might be helpful if people were aware on what the 'average' consumption is based. + +Ofgem uses a 'Typical Domestic Consumption Values' (TDCV) of 2,900kWh of electricity, and 12,000kWh of gas, and if using Economy 7 to heat then 4,200kWh of electricity at the Economy 7 rate. + +[https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april](https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april) + +The utility suppliers are relatively free in how they split the cost of energy between the standing charge and the unit cost, so there isn't a direct translation between the predicted cap and the new prices to expect in October. + +However if you looked at your annual consumption figures (this month's bill less the same bill from last year - kWh **NOT** amount paid) then you should get an idea whether your consumption is above or below the 2,900kWh of electricity and 12,000kWh of gas averages and you can therefore increase or decrease your expectation proportionality of what your annual bill might be. + +But the key takeaway from the Cornwall Insight piece is that they expect these prices to increase in 2023 and winter 2023-2024 to be the same as the coming October - it isn't going to get better any time soon. +I am a 29 year old dentist. I went through college and dental school on full and then partial scholarship so I paid a little less than $100k for my education. Between past work, a general practice residency and about a year of private practice, I have paid off my loans and saved up about $150k. I had initially saved in preparation to pay tuition for a residency in endodontics but I did not get in this year. + +I have found that I enjoy general dentistry. I'm good with patients and the procedures are easy and enjoyable. However, as an extreme introvert, I find serving patients to be mentally and emotionally draining to the point where I can do nothing else on the days I am working. I have also realized that I am content living frugally and value my time more than money. I am not sure if I want to double down on my investment in dentistry by taking another shot at endodontics residency or purchasing a practice at this time. + +I am thinking about cutting back to working a job with a 3 day or a relaxed 4 day workweek for a few years. This will give me more free time and longer weekends to pursue hobbies and hang out with my friends. I feel that I have sacrificed a lot of my youth to get to this point and I want to enjoy more of what remains of it. I am single and don't plan on having kids in the near future. + +Would it be prudent for me to cut back to the point where my job is more of a hobby or should I push to build more capital while I'm young, healthy, and have the capacity to earn and save? +It makes me smile every time I think it. + +One Christmas, my son and dil were pretty broke. They still managed to give me a very nice figurine and a couple of books. Their oldest son, who was 4 or 5 years old at the time, was very excited about giving me my gifts. + +He asked me, “Do you know where we got them?” + +I responded, “No, where?” + +He spread his arms wide and exclaimed, “The ‘ard sale!!!” + +“The yard sale!” said I. + +“Yah!!!”said he. + +I exclaimed, “That’s my favorite store! How did you know?!?!?” + +I looked at my dil, she was bright red with embarrassment. She looked at my son, who just shrugged and said, “That’s my mom.” + +I was just happy they saw something pretty and thought of me. I don’t care where they get it. Maybe because I’ve been poor all my life, yard sales are a favorite “department store.” +[Reports](https://bipartisanpolicy.org/blog/what-made-it-in-secure-2/) (and the [bill text](https://www.napa-net.org/sites/napa-net.org/files/SECURE%20Act%202.0%20Final%20Text_122022.PDF) on page 2,161) share that starting in 2024, 529 holders will be able to rollover up to $35,000 over the course of a lifetime into a Roth IRA (subject to annual contribution limits) of the named beneficiary. This would be without tax or penalty. + +Two questions: + +1. There is a clear line that contributions are subject to annual contribution limits, which is $6,500 next year. However, does this mean 529 holders with annual income exceeding Roth IRA income limits can now use this to fund Roth IRAs, too? +2. If 1 is true, does this effectively mean that I can get tax benefits for making the contribution to the 529 (depending on state) AND get tax free gains and withdrawals as an IRA? +Currently husband and I have the following: + +11k in savings + +8k in credit card debt + +13,500k on car at 3.8% + +14,400k on car at 4.7% + +20k in student loans, not pslf eligible interest rate 7% + +155k on house + +I got a significant raise a year ago that enabled us to build savings up 5k plus pay off debt. Credit cards should be paid off by October. + +However, once second child gets here that extra money will have to go towards daycare. From November to February, what would you do with roughly $1200/month: put it towards debt or add it to savings? In other words, as a family of 4, are we better off having 15/16k in savings and manageable bills for longer terms or the 11k in savings and less monthly commitment? +A lot of people who work in the fashion industry get into a cycle of debt to keep up with the industry and someday make it. + +Is the industry designed to keep aspiring fashion models and designers in debt by making them continously buy new clothes and attend costly events? + +If so, what else isn't discussed and overshadowed? +So I have a huge jar full of change that I’ve been saving for years, I haven’t touched it since I started saving. Since there’s a national coin shortage in the US, I figured now would be a good time to cash that in. How do I get the most out of it though? I have no idea where to take it to get the most “bang for my buck”, other than one of those change machines in the grocery store. +I’m 19 and I’m trying to save up for my first car. I’m conflicted though because I am also trying to save up for driving lessons because I have nobody close to teach me. I just want a reliable car like a Toyota Corolla, Camry, or Honda Civic. How much should I put aside for my first car if I want to pay it in full? +Currently living at home but getting verbally and physically abused by parents to the point where I feel like my life is at risk. + +I don't have a lot of savings and don't think I can afford to rent especially with the cost of living and rise of energy bills. The max I can afford is 600pcm +bills which seems non existent these days. + +I don't have other family members, friends or a partner that I can get help from, the only thing I have is a job that I hate. I'm not the sharpest tool in the box and with the state of my mental health, I'm not sure I can jump jobs. + +What options do I have +**Warning: This is a very risky play, trade at your own risk** + +Hello, All! + +If you are not familiar with this saga, feel free to catch up: + +[First Mention](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/) + +[Short Squeeze Explanation and Initial Thoughts](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/) + +[Timeline and Predictions](https://www.reddit.com/r/stocks/comments/kaa2qh/gme_either_squeezes_or_gets_delisted_who_will_win/) + +[GME Short Squeeze What Comes Next Part 1](https://www.reddit.com/r/stocks/comments/laln2m/gme_short_squeeze_what_comes_next/) + +[GME Short Squeeze What Comes Next Part 2](https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/) + +[GME Short Squeeze What Comes Next Part 3](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/) + +[GME Short Squeeze What Comes Next Part 4 (Micro Update)](https://www.reddit.com/user/hooman_or_whatever/comments/lm92zw/gme_short_squeeze_what_comes_next_part_4_micro/) + +Before I get started I want to apologize, this will be a smaller less detailed version than I had hoped and I will not be releasing a video as I feel extremely under the weather. However, I have received a large volume of messages regarding part 4 and my analysis, so here it is. + +First, let's address something that I find very misleading: "this happened on absolutely no news" + +Well, that simply isn't true. I will mention some key things that led up to this point and would like to also quickly mention the 3-day rule. If ER is bad, you follow the 3 day rule meaning you give it 3 days to bleed before it begins to recover. This is the same for the news cycle. Even the first squeeze when Cohen was announced to be joining the board, it took several days before the market react. + +Ok, so let's talk news. + +1. We have passed the first potential catalyst which was the first GME hearing [which unfortunately, was filled with useless information](https://www.reddit.com/user/hooman_or_whatever/comments/lnkmrn/gamestop_gme_short_squeeze_congressional_hearing/?utm_source=share&utm_medium=web2x&context=3). +2. Another catalyst I mentioned was today, the short interest report that was post Jan. 28th spike. [Morningstar](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) is reporting 60% and [Fintel](https://fintel.io/ss/us/gme) is reporting 24%. Again, the discrepancy between the two is simply based on a calculation difference using a different float. One is including synthetic longs while the other is not. This is the first mention I could find regarding the [XRT discovery](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) and how shorts may have actually essentially moved their positions into an ETF that includes GameStop. At this point, there are so many moving parts and distrust, I'm having trouble assessing what the true short interest might be. Regardless, even if we use the 24% figure and respect that to be true, [this is still considered very high.](https://www.powercycletrading.com/what-is-a-high-short-interest-ratio/#:~:text=Regardless%2C%20most%20options%20traders%20would,above%2020%25%20is%20extremely%20high) +3. Following [iborrowdesk](https://iborrowdesk.com/report/GME) we can also see a significant amount of new short positions opening over the past several days, probably an attempt to short the stock but without it being reported in todays numbers. +4. Chamath also expressed anger regarding how the Congressional hearing went and followed it up with [this tweet](https://twitter.com/chamath/status/1363571801289154560). I personally believe Chamath was one of the several large buy orders today. +5. Ryan Cohen also [tweeted one of his infamous emoji tweets](https://twitter.com/ryancohen/status/1364650709669601289). Now, I'm not going to bother to attempt to decipher it, but when he Tweets, GME spikes much like when Elon tweets about Doge, it spikes. +6. The [GameStop CFO "resigns"](https://www.cnn.com/2021/02/23/tech/gamestop-cfo-resigns/index.html#:~:text=New%20York%20(CNN%20Business)%20After,his%20roles%20on%20March%2026) which later news indicates he didn't really willingly resign. This is extremely bullish as GameStop continues to make changes. If the company was losing money for years and the man in charge of money was just fired, this is a *good* thing. +7. [DFV doubled down](https://www.reddit.com/r/wallstreetbets/comments/lnqgz8/gme_yolo_update_feb_19_2021/) + +**Ok, now let's discuss some of these things** + +1. The GameStop hearing was simply a joke. The next hearing will paint a more clear picture regarding data as the SEC, FINRA, and potentially, the DTCC will be present. +2. Let's talk short interest. As I have mentioned in previous parts, I have no doubt that original shorts have covered and new shorts have entered. A clear battle I have had in the comments is a lot of individuals seem to believe that shorts only re-opened their positions at the top and that's it. I couldn't disagree with this more. The narrative of GME being a dying brick and mortar company is alive and well, and shorts will continue opening positions all the way down. We saw many new positions open today when it was around $50. There are shorts everywhere, and they completely doubt this company and everyones willingness to hold and continue purchasing more, both for retailers and institutions. +3. Chamath, Cohen, and DFV was a much needed intervention which brought back excitement and truthfully, they probably purchased more shares themselves. + +**Sorry had to take a bathroom break, like I said I'm feeling very unwell and apologize that this isn't quite as good as my other posts.** + +**Let's talk about what happened today** + +I believe today was a gamma squeeze with shorts in the worst positions having to cover. I concur with [this post](https://www.reddit.com/r/stocks/comments/lrrcdk/gme_gamma_squeeze_part_two/) regarding the gamma squeeze and how it started the domino effect. + +I predicted that a large sum of shorts were sitting just over $200 and the AH action helps bolster that claim. We saw the price touch $200 for a moment and then get swatted down like it was a gnat. They absolutely do not want it to break the $200 mark. + +**But onto the important part, my predictions as to what comes next** + +Now, I'm about to say something very silly but the reason is I want you to make your own decision on what the most likely outcome is. + +Tomorrow, either the price will come plummeting down, or it will rise to new, extraordinary heights. + +1. Reason for it to shoot down: There are a lot of bagholders, a lot of individuals who are simply trying to escape with at least their money back. Depending on pre-market, we could expect a large sell off at open as people reclaim their losses. This sell-off will induce a panic sell that causes everyone to exit in an attempt to mitigate as many losses as possible. +2. Reason for it to shoot up: There are a lot of bagholders...who won't be satisfied by just breaking even and will refuse to exit until it breaks $1000-$2000. Depending on pre-market there will also be a lot of people who missed the first run have less doubt in their mind for a potential second run. FOMO and sheer buying power will continue to drive the price upward. + +Both of these are considering retail investors only, although the ATH price action compared to volume suggests there are significant amounts of institutional and "large whale" buyers getting in on the action. They both are also dependent on pre-market so let's talk about that for a moment. + +**Pre-Market** + +While institutional buyers don't necessarily need retail for this to work, it certainly wouldn't hurt to have reinforcements, so I think they won't begin a bull run until the market opens and retail investors have a final chance to double down while new investors have a chance to purchase their tickets. + +However, if they seemingly don't care and want to buy as soon as able then we will test that $200 resistance. If that is broken...this is going to be absolutely wild. The domino effect will continue upward chasing the shorts who entered at the very top. It would be wise for these shorts to cover prior to it reaching them as they could still take profits and walk away with a significant sum of money. This will propel the price extremely high at which point nearly all shorts would have exited. + +**During Trading Hours** + +Again, completely dependent on pre-market, but I still expect a decent sell-off in the beginning of the day as bagholders escape with breaking even happily. If we open above the $200 mark and the selloff does not appear to be driving us below, I expect the shorts who entered their to cover and this reaches parabolic heights. + +**Price Targets** + +Well, I first want to talk about the infinite squeeze notion. I agree with the sentiment but not for the same reasons most users post about. Here's the thing, everyone still considers GME to be a dying brick and mortar retailer aside from few longs such as myself. That narrative is slowly changing as more and more individuals start to see the significant changes being made within the company. So long as this mentality lives on...so does repetition. + +I expect this squeeze to conclude sometime this week, perhaps even tomorrow. What's unique here is we have all now lived through the first one and we will make decisions accordingly, IE taking profits or covering earlier. + +But on the way back down....shorts will open new positions....again. + +A new catalyst will arrive....again. + +And we will squeeze...again. + +I'm not sure how many times this will happen, but I think after 3/25 ER when Cohen globally explains the changes being made and the plans for the company, the narrative will begin to change on GME's business. Until the narrative changes, I expect shorts to continue re-entering at dangerous positions. $50 sounds like a fantastic place to short if you believe this is a dead company, but the market sentiment is changing rapidly on the potential of this company. Once shorts are only entering at ridiculously high numbers, then we will finally see the end of the GME saga. + +I think a second squeeze will be evidence enough to shorts to not enter at such low numbers, however, greed and doubt goes a long way. So it's very possible this is the final squeeze, but I'm not holding my breath. I will address how I plan on playing this in the next section, but first, some price targets. + +So long as we break the $200 resistance, we will have many short positions above that level that will close to avoid getting caught in the red as well as gamma squeeze mechanics at play. That being said, I could see $500 being possible as early as tomorrow. Now the top is so difficult to predict because one of the largest factors is the most unpredictable; the people. Many people were burned by GME and many others have serious FOMO. If there is large volume, then that will be my indicator that people are piling in all over again. If this is the case, I see $1-$2k being possible. If bagholders simply want to exit and take their money back then I think $500 might be the dream peak. + +**So whats your play Hooman?** + +Well, as I have said before I am long on GME. So I will be trimming on the way up and leaving some just in case it continues to parabolic heights. I will then re-enter when I believe we hit the bottom which I feel confident starting to re-enter at $70 adding more on the way down. I will then hold tight for another potential squeeze and repeat this process until finally, the GameStop narrative has changed and I could leave my shares along for several years. + +**Again, I do apologize** + +I know this isn't quite as good as my previous posts, but I wanted to update everyone who was asking me to provide them with my analysis. Part 5 will be coming regardless of what happens tomorrow as I stated numerous times, I don't think this story is anywhere near over, not until April do I think we will start seeing it slow down. + +**TL;DR:** Today was most likely a gamma squeeze coupled with some shorts covering. There were significant catalysts and whales to propel this thing. I don't think the GameStop story is anywhere near over. I'm sick sorry this was choppy writing compared to other posts. + +*Disclaimer: I am not a financial advisor, I am long on GME, this is a risky trade, thanks for reading.* +I see a lot of FUD and bad DD going around r/wallstreetbets, and its time for more rational discussions about the state of GME and the potential for another bull run. It is possible, but people need to stop being next level retard. It is going to kill any opportunity to recover the stock unless we stop right now and get our heads straight on what's actually going on. So while I don't know shit and this isn't real financial advice, here's a more rational take on what we need to do to get GME moving again. + +Full disclosure: I was in GME in early December at around $15, I was a pussy ass paper hands and folded a winning play of $35 call for Jan 15th when it looked more and more unlikely. I got back in immediately for Feb 19th calls and turned 4k into 70k. I took some profits on the way up (I felt bad for doing so but I knew it was the big brain move, and in the end I pocketed 40k on 4k investment so 0 complaints from me). I'm still holding $115 calls made when the stock was $70 for Feb 19th, and made more 250 calls recently for Feb 26th and Feb 12th at $130 and $100 yesterday. I'm holding all of these till bust, so I'm in it to the moon. I have some shares too but those are a long play, I don't look at them. + +First, we need to accept or at least be open to the idea that the original short squeeze is done. The factors that led to it have changed, either the hedge funds reshorted at higher prices (around 200 most likely), or they can out last us because they know they have bail outs and the media has put the momentum against us. WE CANNOT COUNT ON THE ORIGINAL SHORT SQUEEZE TO REVIVE THIS STOCK. WHAT WE NEED IS AUTHENTIC BUYING AND NEW MOMENTUM. + +On that note, stocks can move ridiculous prices on low volume. What we need is real, authentic retail buying at prices up to at least $200. But right now GME looks like a sinking ship and no one wants to touch it with a 100 foot pole. So how do we fix that? We still have momentum on our side from a large number of believers from around the GLOBE that want a part in this once in a lifetime story. This is powerful but has to be used right, and that's hard when the brokers are shutting us out. But hope is not lost, and restrictions should lift over time. We need patience and resilience. + +We also need to stop telling people who aren't in this for the moment to hold till they die. Some people are losing REAL money over this and we're being complete assholes telling them to hold till they lose their life fortunes so we can make some tendies. Weak hands are going to sell and pressuring them to hold will make the FUD worse. If we want a come back we need the selling to stop, and that means we need to let the weak hands fold WHILE keeping the floor price above a certain level. Let's talk about volume. The recent 'low volume' isn't low compared to the past months, its just lower than the day when GME was THE MOST TRADED STOCK IN THE WHOLE FUCKING WORLD. Stop talking about volume. REAL selling has happened, which is probably the institutions and the paper hands folding. We need to let this energy run its course. Don't act like it's going to the moon and to buy at any price, save our bullets for the hard line in the sand. + +Once the selling has stopped (and it will), we just need to regain momentum with organic buying. People all over the world are waiting on the sidelines for GME to look like its picking up steam again and they will PILE THE FUCK ON just like last time. If we push the price high enough, we can trigger another short squeeze but it is NOT the same conditions as the first one. Stop with the bullshit about ladder attacks (which I've only heard of on this reddit) and us being cheated by the big man, that only scares people away because they think the game is unwinnable. It is STILL a giant fuck you to wall street just by making this stock rocket again, the game does not have to be rigged to make this a david vs goliath story. Whether it is or isn't, that only creates more FUD. + +This sub needs to get its shit together. We need real authentic I LIKE THIS FUCKING STOCK for reasons OTHER than the short squeeze. Like GME just adding a fucking Amazon employee to the board and plans for it expanding online. There is REAL REASON to believe in GME, and that needs to turn into authentic buying, which will then create the momentum we need to get everyone else to pile on the stock again. But this shit about short squeezes and ladder attacks and $10,000 or bust needs to stop. It's just making this look like a sinking ship where everyone on it is stuck in the denial stage of grief. This stock has real potential to hit $300+ again, we just have to change our mind set and the game plan. And I'm too stupid to tell you how, but I know this isn't the way. So buy the fuck out of GME at current levels, but change the narrative to something that has actual basis in reality. And tell people to let the sellers sell so they stop keeping us down and we can get a real rally going. We have enough people on our side to move the needle and get the engine started again, its not over. But its gonna require patience and time and if you aren't in it for the long haul or are gonna pussy out on the way up then just sell now so we can start buying again. At this point, if you're not buying, either get off the ship or hold till death do us part. + +Best of luck retards, I know we can do this +[GameStop Short Sellers Eat $443.4m in Losses - Franknez.com](https://franknez.com/gamestop-short-sellers-eat-443-4m-in-losses/) + +"GameStop short sellers are having one of the worst months this year. + +Investors betting against the stock have amounted more than $443.4 million in losses, according to S3 Partners, LLC. + +... + +The market has been down all year, but GameStop has managed to outperform the S&P 500 index. + +The SPY is down more than -17% this year while GME stock has managed to hover at -12.70% this year-to-date. + +Looking at the 6-month chart and we’ll find GameStop outperforms the S&P 500 by a long shot. + +On the 6-month chart, GameStop is up +42% and SPY is down -8%. + +According to a report published by [S3 Partners](https://www.s3partners.com/articles/tsla-shorts-down) on July 21, GameStop has been among the **top 10 most unprofitable stocks for short sellers** during July 2022." + +Looks like short sellers aren't doing so well rn 😂 + +https://preview.redd.it/li47g6nnq5e91.png?width=1100&format=png&auto=webp&s=252efaaa3672fd76850937c191bc852d1c124fad +I'd like to take the time to reflect on the crazy year that was 2017 for cryptocurrency investors, and weigh in on what we've learned over the past year, while also making a few predictions for the future. + +One year feels like a decade in crypto, and so many various forces finally cumulated together in 2017 that we had an explosion of activity that left me feeling both exhausted and exhilarated. We saw LTC go on Coinbase, we saw an ICO rush with new issues like Bancor raising 150mil in 3 hours, we saw the absurdity that is cryptokitties crushing the ETH network, we saw Bitcoin Cash and the shitshow surrounding that, we saw Segwit and the long awaited Bitcoin futures. I will always remember where I was at the moment I watched Bitcoin pass $10,000 on GDAX. I will never forget the sweat as I watched the Gemini Auction for my BTC and then waiting for the payment to settle. And I will never forget the flurry of questions, advice seeking and inquiries from people in December as the media spotlight made cryptocurrencies a mainstream concern. We've come a long way, from the days of being considered oddball technogeeks to now being the vanguard of early adopters. + +#Some major trends in 2017 and lessons learned + +* **The Mainstreaming of Cryptocurrencies:** This was the year that the "normies" entered crypto in astounding numbers, especially later in the year and cumulating in December. From Ice Tea companies to my hairdresser, everyone wanted to be involved in crypto. New naive money will continue to pump into the market this year, and its important we welcome them while also keeping their expectations grounded in reality. Encouraging new investors with stories of how they can double their investment in a week is not a sustainable method of keeping them interested in crypto. + +* **ICO Craze:** For many 2017 was the year that the ICO. People made a ton of money by getting into ICOs early before a coin became hyped by the marketing efforts. Sites like ICOBench sprung up and provided people an easy way to find new ICOs to invest in, and those who got in could get a handsome profit by buying the coins for pennies then selling them for dimes a few months later at an exchange, with many ICOs offering pre-sale discounts for early registrations. I suspect that this trend will actually die out in 2018 as there seem to be way too many coins coming out now and they won't all be able to pump, we're already seeing ICOs recently getting dumped hard the moment they start trading on an exchange. + +* **The rapid development of altcoin investment:** At the beginning of the year the marketcap for altcoins as just $2 billion. By the end of 2017 it grew to over $370 billion. This was the year that investing in cryptos became about more than just Bitcoin. We saw an explosion of new promising altcoins, Binance launched in July, LTC was added to Coinbase and Ethereum really came into its own as a dominant force. I suspect that this focus on altcoins will continue as its now easier than ever to research and obtain them. + +* **Resilience in the face of regulation:** China banned initial coin offerings and bitcoin exchanges in the first weeks of September. The ban caused a precipitous drop in cryptocurrency flows worldwide and invoked panic within me, with Bitcoin going down to almost $3K. However we recovered surprisingly quick. This is why I wasn't too concerned with the recent news that Korea may crack down on exchanges. Cryptocurrencies are decentralized and distributed, and while government actions certainly can hurt the price in the short term, I think any attempts at increased crackdowns will result in a recovery within a few months. Crypto seems to be a lot more resilient than most people realize to laws trying to destroy it, so don't freak out when you hear a story about increased regulation in the Far East. + +* **Institutional money coming in:** We saw the speculation of an ETF not come to fruition, but in December the CME Group and CBOE started trading futures on Bitcoin. The lead up to this event and the subsequent decline and relative stabilization of Bitcoin will lead to a cascade of effects. We now have a genuine price discovery mechanism that will put downward pressure on BTC with its futures contracts. McAfees predictions of a million dollar BTC are not going to come to fruition now that you can short it. + +* **Chase for the "next bitcoin":** Lambo psychosis dominated and continued into the new year with nearly every coin in the top 100 showing a steep parabolic rise. This is actually something a lot of long term investors find deeply troubling, because now people are hungry for crazy x10 gains within a month and that is simply unsustainable. + +#Some predictions for the year 2018 + +**Decline for Bitcoin** + +I have a long-standing emotional connection to Bitcoin and really do want it to succeed. But by now even the early adopters have come to accept how far away we are from the original vision of the currency. We are now seeing a decrease in adoption among ecommerce sites, which a sad state of affairs. I'm not so confident that Lighning will be enough at this point. Lightning likely wont be here for at least another 1-2 years and the problem will be user adoption. Segwit gave users a 40% discount on fees, and was a relatively simple upgrade, yet its 2018 and only [8% of transactions come from Segwit addresses](http://segwit.party/charts/). LN is way more difficult to implement, so don't expect it to be useful for at least a year after release. Core developers should have followed through with the New York Agreement and increased the blocksize to 2 MB. It's actually much more practical to scale BTC through miners than users, as most miners abide by the rules of a small set of mining pools and use the same software. Segwit2X was doomed to failure but it had 90% support among miners before the campaign against it started, and even after it had over 70% miner support. I think 70% miner support before a fork is vastly better for initiating a change than 8% user support. + +Core team really needs to wake up right away and realize that the continual declines in market dominance are a reflection of Bitcoins failure to find utility, and that the first movers advantage and name brand will not last forever. Unless it solves the problem of insane transaction fees, ballooned mempool size, long transaction times and most of the accounts not even being able to afford to move the balance out I don't see BTC doing anything but declining in market dominance. + +**Ethereum will become an even more dominant force** + +I can see the long awaited flipening come in 2018. Ethereum already processes way more transactions than anything else, it already is basically THE platform for new coins and powers so much of the entire cryptocurrency ecosystem. The Constantinople fork and Casper Proof-of-Stake changes should take care of the TPS limitations for the next few years, and I expect to see an explosion of dApps in 2018. Ethereum has tons of developer support behind it and POS means people will want to hold it for the long term. Its already become my #1 core/safe-haven position and I think a 3-5K range in 2018 is completely reasonable. + +**The emergence of transactable business-oriented blockchains** + +The last few years were about theory and technological innovation, but I think 2018 will be the year that cryptocurrencies finally start to demonstrate value in solving business problems. + +Ultimately a cryptocurrency is pointless if it doesn't solve some transactional problem or alleviate some inefficiency in the value-exchange process. There are several sectors/cases for business users that are ripe for blockchain technology: supply chain, settlement layers between intercurrency transactions, payment processing, offloading processing tasks onto blockchains, identity management...etc. + +I expect that transactable coins that actually have functionality will be the big winners. ICX, WTC, VEN, NEO, XLM and others that target enterprise-oriented use cases will likely be the focus over the next year. + +**The rise of a DAG coin as a standard for transfers between exchanges, most likely Raiblocks (XRB)** + +Lets be perfectly honest: Right now the vast majority of transactions being conducted on the blockchain is simply moving cryptos around various exchanges. Its quite a nerve-wracking process, watching thousands of dollars sitting unconfirmed on the blockchain explorer for hours is not a pleasant experience. If you move your balances a lot you will end up losing substantial money to transfer fees. This is why I can see a light fast DAG becoming a standard for inter-exchange transfers of funds, specifically XRB after it gets listed on Binance. Being a DAG the process of onboarding isn't as simple as just adding another ERC20 coin, but once the Raiblocks team figures this out on Binance I suspect that adoption will follow quickly to other exchanges. The quick transactions speed and no cost will make it the ideal coin to exploit arbitrage between less liquid and more liquid markets. + +**The rise of "dividend coins"** + +The next year should be one where the stretched valuations are questioned, and those coins that pay out a form of dividend and can thus be easily valued will become a safe harbor. NEO, EOS, ARK, VEN,OMG among others should gain favor. We actually saw NEO do particularly well in this recent downturn. I expect to see a lot more also following this dividend payment model. + +**The move away from mining to POS/dPOS and DAG secondary layers** + +I think its becoming clear to everyone by now that mining is a wasteful process and brings in scalability issues, along with concentrations of power in low electricity countries like China. In 2018 I think we will see more and more of a movement towards eliminating mining altogether the way Ethereum is doing, in order to get over the scaling issue that mining brings with it. I also envision that DAG secondary layers build on top of a legacy POW blockchain will likely become a trendy thing. I also think dPOS will become more and more popular as it keeps the benefits of POS but also allows for a more democratic consensus method. + +**Coinbase will continue having a massively disproportionate influence** + +Unfortunately right now there are only truly 3 onramps for crypto investors: Coinbase, Gemini and Kraken. I use Gemini but the vast majority will use Coinbase because its simply the easiest and quickest. Right now the state-by-licensing moat that Coinbase has is so large that it will be difficult for any competitor to enter and integrate into the US banking infrastructure. Bittrex has wires to fiat, but that's too difficult for the average person who wants to use a credit card. What we are essentially seeing is Coinbase achieving a natural monopoly. + +**Binance as the #1 exchange** + +Binance has already grown to the #2 exchange in only a few months of existence and its easy to see why, it has the lowest transaction fees, offers great variety of coins and is overall very solid for trading. Its appealing to both eastern and western investors. Bitfinex, GDAX, Kraken and Bittrex are frequently down and tend to lock up quite often, and Chinese/Korean exchanges are not really usable by Westerners. I think that also BNB will just continue to increase in price. Actually Binance almost guarantees it'll go up by guaranteeing that they will continue to buy BNB back with 20% of their profits and burn them. + +**Hype coins without use cases go in decline** + +We will still likely see more coins like Tron that rise quickly based on a charismatic founder and massive social media hype campaigns, however they will inevitably die off more and more in 2018. The next year should be one of demonstrated working product and clear use cases as I think that people will end up increasingly tired of being dumped on after investing in hype coins. + +**Tether will continue to be shady as hell** + +There has been an absurd amount of tether being printed by Bitfinex/Tether, which are supposedly backed by real dollars. Just right now we had yet another $100 million printed. Right now a lot of people assume they can just unload into tether quick, and their losses are therefore hedged in case they need to get out their entire position. But tether isn't backed 1:1 by the USD, their "audit" shows $1.4 billion in US dollar assets which is apparently held in shady Taiwanese banks which were blocked by US banks including Wells Fargo. Bitfinex (which owns the Hong Kong based Tether) is incorporated in a shady LLC scheme in the Virgin Islands and will be held to very loose insolvency laws if there is a run up on their liabilities. All these people won't be able to cash out, and will be left simply standing with USDT that can't be converted into fiat. + +**A large correction is likely coming in 2018, especially in altcoins that entered the top of the charts recently** + +Its long overdue and Warren Buffet does have a point. I think he's incorrect in his general dismissal of cryptocurrency investment as a whole, but he is correct that the valuations of the market is far too stretched and that a lot of speculative money entering in now is creating price action that is divorced from adoption. Easy gains will be easily lost just as fast. This would actually be healthy for the market in the long run and would be swift as long as people offload into core holdings then buy back the dips after the garbage coins are shaken out, but if there is a run up on Tether I would be much more concerned at entering a long term bear market. + +Recently on January 7 the Financial Services Commission in Korea released news that Korean cryptocurrency exchanges have only $1.8 Billion in reserves to fund their leverage, which is well over $100 billion. I don't know when specifically the next Mt.Gox style meltdown will happen but I am fairly certain it will be around Tether/Bitfinex and the issue of there simply not being not enough reserve within the system to support the leverege, and USDT giving people a false sense of security. If there is a panic over some short term event and a mass withdrawl request on Tether, the whole thing would collapse nearly overnight and bring every crypto down as people overwhelm the very few offramps that exist. The lawsuits would be flying left and right and would take years, fueling endless scary headlines and keeping more people from putting fiat in. Lets hope that the correction is much smoother and that people unload the recently mooned smaller coins into other core cryptocurrencies. As long as this is done we should be fine and recover. + + +#Moving Forward + + +Currently I plan to continue holding for the long term, even with my negativity over the market as a whole. I think that 2018 will ultimately be a year where coin have to demonstrate genuine utility and where they will finally need to answer that question: "Well what in fact is this thing useful for?" In my view enterprise-oriented cryptos that address transactional inefficiencies will prosper, platforms like ETH and NEO will continue to be great investments and that the privacy segment is still a solid hold. I think a lot of long term holders are pretty upset right now with how the market is being taken over by get-rich-quick schemes, but at the same time a lot of this will likely get shaken out. + +Anyway I wish you all a great 2018 and may you all drive Pagani Zondas on the moon one day. + +I’m starting to see comments about a possible recession soon, just like in 2008. What are some stocks that I can start buying now that will be rise during recession? + +I’m thinking L (Loblaws), CP, CNR. +Bought my first single family home in a HCOL area in March. I bought the shittiest house in the neighborhood that needs some love but its nothing overwhelming. I bought the house with a VA loan so really little money came outta my savings (maybe 1k). Here's my problem, I bough the home with my ex in mind. I never really wanted to get a single family home because I dont really cared to live in a home by myself. I was in love so said fuck it and bought a home that we both enjoyed, and plan to live the rest of our lives together in. Now that we are broken up I have to figure out what the hell im going to do with this place. + +The mortgage is 1300. I have a friend staying with me who is giving me 1000 a month with utilities/internet included. Should I stay here and buy a multi-family in the following year when the market cools, or move out and rent it out. I live in a desirable area. I could easily get 1800 if I put it up for rent. I honestly am lost on what my next move should be. Help! +The last thing those people need to worry about is cryptocurrency in general. Most of those people don't even know it exists and the fact that some of you are bringing up crypto as a savior to those people is just so f\*cking awkward. +I'm sure many people have this same issue. I'm still not fatFire, but I work on my own and I'm sure we share the same issues. + +When you don't have a job that demands you interact with people, which kind of hobbies/activities do you partake in that will make it easy to meet new people? +We have already received multiple warnings from reddit admins about comments from our community in regards to the AMA crosspost. It is absolutely imperative that apes completely ignore the existence of the other sub right now. + +https://preview.redd.it/4u0gon5tavl81.jpg?width=1200&format=pjpg&auto=webp&s=77bb686b0e0399fdc195229ab3bebdefbb8c1694 + +Were you already subscribed to the other sub before Superstonk? Cool, I am asking you a personal favor to just not comment there right now especially on the AMA. That's a lame request I know and I have no right to ask it of you but I'm doing it anyway. At the very least don't trash talk the other sub in ours and don't go to the other sub trying to promote ours. + +Do you think its silly that I am asking you to not even mention the other sub? Yep it is but please don't use creative spelling to make your point anyway. + +Is it fair that we are under such scrutiny? IDK is it fair that market makers have a naked short sale exemption? + +Bottom line if you feel like Superstonk is the best place to hold this AMA, SHOW IT by asking great questions. Make Jon laugh, make him cry, make him ANGRY. But absolutely, do NOT participate in or feed the drama. The juice ain't worth the squeeze my dudes. + +In order to keep this sub running we will need to be very heavy handed enforcing this. Please don't make me do it. + +https://preview.redd.it/w758nfftbvl81.jpg?width=1200&format=pjpg&auto=webp&s=f4ae786f34a04a605930ab458a51089e5facddd3 + +Edit: + +&#x200B; + +Thanks for all the support. The best thing you can do tomorrow other than upvote wrinkles is to REPORT trouble makers. I know there is not much instant gratification but it's the fastest way to bring comments to our attention. +Starting to see people getting regretful and depressed over losing a ton of money or giving up profits when they were up on these meme stocks. If you're serious about trading you would use this experience to learn from it and develop as a trader. We never want to trade what we want to see, we trade what we do see. There are a ton of ways to manage winners, but the best way is to just to just set targets, lock in a %, and set a stop for the rest above your entry. + +If you are ever in the future up on a position by a substantial amount, take some off the table. By locking in 70-80% of your positions, you 1) reduce risk, and 2) lock in realized gains. Until you sell, they are purely just numbers on the screen. + +If you purely just bought these things with no plan in mind and expected the moon, you are gambling, not trading. You must figure this out before you take this trade. + +A story I have for people here is that a friend of mine bought into GME, AMC, NOK, BB all because of the hype. The first 2 days he was up a nice chunk of money, but as the brokerages began setting limits and buying pressure began fading, his positions quickly turned red. I asked him about his stop loss and he said he doesn't have one or even knows what that is. Currently he is down $50,000, roughly 70% of his account is gone. In the end, he gambled, didn't see himself losing, and now he lost almost everything. +Hi, so I'm quite new to the whole algorithmic trading concept, but I've been dabbling with it for a few weeks now and I would like you guys' opinion on an idea. + +So, when I am buying options normally, I find it difficult to find well priced options and decide on which strike and expiry to choose. I had the idea of using Black Scholes model and the TDA api to make a bot that finds the most underpriced options relative to Black Scholes pricing and gives out a list, kind of like [www.optionsprofitcalculator.com](https://ww.optionsprofitcalculator.com), but slightly different. I'm sure this has definitely been thought of and done before, but I'd like to try it out as a fun experiment so that I won't just be going in blind when buying options. + +Please let me know what you think of it! + +TL;DR Bot that finds most underpriced options. +FOR HOPEFULLY THE LAST TIME: Some idiot on CNBC is not going to ALERT you to anything of value. EVER. + +This is not financial advice, I still sleep with my Teddy Bear, Mr. Pickles. + +One of these days you're going to be minding your own business, eating some government cheese and out of nowhere, someone will text you: "Did you see that? Wth, is this real?" You'll look at your phone and GME will be at prices that don't seem possible. + +And here's one thing I can guarantee...Every single one of us will wish we'd have bought more when it was 30 freakin dollars. + +Buy what you can afford, DRS, and enjoy the lilies of the field. +My partner (35M) and I (28F) have been pursuing the FI/RE path for a few years now, and our net worth is approximately $1.3 million - $800K in equity investments and $500K in home equity. + +Our retirement goal is $2.5 million - $2 million in equity investments and $500K in home equity. + +I personally have a much lower enjoyment of work than my partner, and do not derive much pleasure from my lucrative career ($145K salary). + +My partner, who also has a lucrative career ($220K salary), is more so looking for the option to retire, as he does somewhat enjoy his career and may also want to start a business down the line. + +I have spoken to him on multiple occasions about my lack of fulfilment through work. He’s told me that he’s fine with me retiring anytime, and that is simply makes it take longer for him to be financially independent, but that he’s fine with accepting that because he loves me and wants me to be happy. + +I feel guilty about accepting his offer, so I’ve told him that I’ll work until we get to $1 million in equity investments (plus the existing home equity), so that at least we have a frugal retirement secured, and then retire. This is $200,000 away, which will take us about only about a year to save based on our predictions. He will then have to work about 6 more years for us to reach our full retirement goal, and become financially independent himself at 42. I would be 35 by then. + +I am wondering how many people here have experience/thoughts with one partner/spouse retiring before the other? Does it change the relationship dynamic? How successful/unsuccessful would this be? + +Thanks in advance for any input/thoughts. + +P.S. We are currently undecided on whether we want children, so that is why plans for children have not been mentioned. +This is a bandwagon thread based off silly comments made by others made in another one. + +Long story short: In the past had financial issues, ok now, I now have a very high credit score (Experian) in the 830s, I'm 34 and this is far above average for my age. + +Increases it: + +* Paying off fully and closing any overdrafts and credit cards. +* Paying far above the minimum amount / large payments towards it in general, even if there is still debt left on it. +* Consistently paying it off (ties into the above). + +Decreases it (apart from the obvious of not paying it off): + +* Lots of credit card applications made in a short period of time. +* Any overdraft accounts in debt. +* Missed payments, even if accidental. + +What has no effect on it: + +* Multiple bank accounts with multiple banks (no overdrafts) +* Opening or closing the above bank accounts. +* If you have an debt payment arrangement towards that credit card or overdraft debt, even if this debt is sold to a third party. + +Less Reddit hive mind please. +A lot of people ask "what bank should I use?" and a small number of banks and credit unions get most of the airtime here so I wanted to compile a list of recommendations (and add it to the PF wiki for easy reference). + +I also don't think there is any one bank that's ideal for everyone. Some institutions have better interest rates. Others offer better ATM access. Some are difficult to join (looking at you USAA and NFCU). Some are better for people who travel a lot. And hopefully all of these choices have good customer service reputations. The idea here is to give some possible options to people looking for a new bank based on the features that people mention the most often. + +Is this an accurate reflection of what people recommend the most often here? + +(in alphabetical order) + +Name | Type | ATM access | High-Rate Savings| High-Rate Checking | ATM Foreign Exchange Fee | Limited Membership | +-|-|-|-|-|-|-|- +Alliant Credit Union|Online Credit Union ^1|$20 in refunds/month plus 80,000+ free ATMs|Yes|Yes|1%|[Barely](http://www.alliantcreditunion.org/help/who-is-eligible-to-join-alliant) +Ally|Online Bank|$10 in refunds/month plus 43,000+ free ATMs|Yes|No|1%|No| +Capital One 360|Online Bank ^1|38,000+ free ATMs|Yes|No|0%|No| +Discover Bank|Online Bank|60,000+ free ATMs|Yes|No|0%|No| +Fidelity Cash Management|Online Bank|unlimited refunds|No Savings Accounts|No|0% (1% if debit purchase)|No| +Navy Federal Credit Union|Online Credit Union ^1|$10 or $20 in refunds/month ^2, 28,000+ free ATMs|No|No|1.8% or 1% (0.8% or 1% if debit purchase)|Yes| +Schwab Bank|Online Bank|unlimited refunds|No|No|0%|No| +Simple Bank|Online Bank|40,000+ free ATMs|No Savings Accounts|No|1% ?|No| +USAA|Online Bank ^1|$15 in refunds/month, 10 withdrawals/month|No|No|1%|Yes| +[find a local credit union](http://www.asmarterchoice.org/)|Local Credit Union|Most have large ATM networks|Varies|Varies|Varies|Often| + +Notes: + +- **If you need to deposit cash or require other in-person services, a local credit union is likely to be a better option than an online bank or credit union.** +- All institutions are open to membership in every US state. Navy Federal and USAA have membership requirements based on military service (or being closely related to another member). Navy Federal's requirements are somewhat looser. A $10 donation to a charity may be required for some people to join Alliant. +- All listed institutions have "Excellent" or "Very Good" fees (meaning very low fees) as [rated by Consumer Reports](https://www.consumerreports.org/cro/banks-credit-unions.htm) except for Alliant which was rated as "Good" and Fidelity and Simple which were not rated. +- All listed institutions have no minimum initial deposit except for USAA which has a $25 minimum. +- High-Rate Savings = 1% or higher FDIC-insured savings or money market interest rate +- High-Rate Checking = 0.5% or higher FDIC-insured checking interest rate +- Methodology: I went through a bunch of popular posts ([1](https://www.reddit.com/r/personalfinance/comments/55c3dq/wells_fargo_megathread_alternative_banks_and/), [2](https://www.reddit.com/r/personalfinance/comments/6c35ne/this_is_just_a_reminder_that_bank_of_america/), [3](https://www.reddit.com/r/personalfinance/comments/54de3n/credit_union_vs_major_bank/), [4](https://www.reddit.com/r/personalfinance/comments/35pv89/im_susan_weinstock_and_i_direct_the_consumer/), [5](https://www.reddit.com/r/personalfinance/comments/1nud0h/this_is_why_i_am_a_member_of_my_local_credit_union/), [6](https://www.reddit.com/r/personalfinance/comments/6ayevu/lets_talk_banks_with_which_bank_you_are_and_why/), [7](https://www.reddit.com/r/personalfinance/comments/3atug4/looking_to_switch_banks_us/), [8](https://www.reddit.com/r/personalfinance/comments/54oxgz/which_bank_do_you_recommend_i_currently_have/)) and roughly tabulated the recommendations along with the main reasons why people recommend them. I tried to be as fair as possible and at least one bank that I'm kind of "meh" about ended up on the list so hopefully this is relatively unbiased. +- [1] Alliant, Capital One 360, Navy Federal, and USAA all have physical branches, but not nationwide. (Fidelity and Schwab also have branches, but don't accept cash deposits at any.) +- [2] 4 out of 5 checking account types offered by NFCU include $10 or $20 ATM refunds. + +P.S. For the record, I've used 3 of these institutions as my primary bank and had accounts at 3 others. I have no complaints, switching occasionally for greater convenience. + +edits: + +- Fixed ATM access information for Ally and Navy Federal. +- Note that Simple also wasn't rated by Consumer Reports. +- Note that some of these banks and credit unions do actually have some physical branches. +I'm in America and I see people over here on r/jobs and r/careeradvice and they're talking about getting jobs that pay 40k, 50k, 75k etc outside of the healthcare and tech industries. I've looked and looked until I'm blue in the face and can't find a job that pays this much to save my life. + +I have 10 years customer service experience, 8 years security experience, 3 years sales experience, 2 years security management experience, 3 years management experience in general, know Excel, PowerPoint, Microsoft Word and can type 50 WPM. I also have an Associate's in criminal justice. + +Even with all this experience it seems to be difficult to find a job that even pays a measly $15 an hour. Employers think that $15 an hour is hot shot pay and it's not. $15 an hour will barely keep your head above water so I have work my security job that barely pays a living wage and have to work constant overtime or I would need to get a second job. Is this anyone else's experience or am I going insane here? +Edit 2: I was unaware that the SEC rolls FTDs forward in their reports. Consequently, my data may not be accurate because I aggregated FTDs rather than calculating how many appeared and/or disappeared. + +Nevertheless, if the FTDs were covered the next day and new FTDs were reported, my data would be correct. I don't know how many unique FTDs there were, and I doubt anyone does other than the MMs because the SEC does not report the FTD data in a cogent manner. + +To rectify this, I will be uploading average daily outstanding FTD data for each ticker I mentioned (except TME coz it isn't that interesting). The charts still look pretty much the same, just the numbers are smaller because there are many days where outstanding FTD data is 0. + +This is my first attempt at peer reviewed data analytics. Thank you for bearing with me! + +I'll leave the rest of the post as is. + +Edit 3: Updated charts with average daily values rather than aggregated values. + +http://imgur.com/a/SN5zdu3 + +Edit 4: My thesis remains the same. There is certainly anomalous activity on and around the time of the Archegos manipulation. I don't have the data analytics expertise to elaborate further. If anyone wants it, I'll send the data. + +------------Start of post------------- + +We’ve been discussing and theorizing at length about how the elites consuming one another in their efforts to stave off unlimited losses. What I found, MAY be a smoking gun in one such circumstance. + +To set things up a little more, I’m sure that we’re all intimately familiar with how FTDs can affect price. If shares don’t get delivered, the supply of shares gets diluted, and it becomes easier for short sellers to suppress price. + +Quick Backstory: This all started while I was working on FTD data for a thesis completely unrelated to both GME and the topic I’m about to discuss. I was looking through March 2021 FTD data when I noticed VIAC had an absurd amount of FTDs in March. It peaked my interest, but I went about my business, not really stopping for thought. + +A few days later, while daydreaming about FTDs, it hit me. VIAC was one of the stocks that caused Bill Hwang’s family investment fund Archegos to be liquidated and it was one of his largest positions! My interest was now more than peaked. Could FTDs have caused this? + +I smell a mystery! + +To find the answer, I downloaded all the FTD data between December 2019 when Viacom merged with CBS until the most recent FTD release which is the end of June of this year. Between 3/22 and 3/29 VIAC, lost $57/share. In that same time period, there were 2,725,736 VIAC FTDs totalling $254,245,560.68. Very interesting! + +Now this could be something, or it could be nothing. In order to establish anomalous activity, I would need to show that the FTDs during that period were substantially higher than in periods past. I do believe I have uncovered some “anomolus activity”. + +https://i.imgur.com/w0FL9rV.png + +It gets better when you factor in total value of FTDs (# of FTDs x Settlement Price) + +https://i.imgur.com/iIe91bH.png + +The total value of FTDs on VIAC in March were just about $500 mill! That could certainly put a dent in stock momentum and facilitate a short attack. +“Ok Sheeple“ you may be thinking, "didn’t Hwangalang have other positions"? + +You bet your sweet ape ass he did! + +DISCA FTDs +https://i.imgur.com/1rWQltC.png + +Value of DISCA FTDs +**https://i.imgur.com/BcTeqX0.png** +Looks like Bear Week on Discovery heh heh heh + +He also had substantial holdings in BIDU and TME. Their FTD data doesn’t correlate too strongly, but there is still something there, so stand by. + +Bidu FTDs +https://i.imgur.com/qpmoi9S.png + +BIDU FTDs total value +https://i.imgur.com/SSwSPmG.png + +TME FTDs +https://i.imgur.com/GZxE4cY.png + +TME FTDs total value +https://imgur.com/5e0cyrw + +You may have noticed the bulk of the BIDU and TME FTDs don’t all occur in March. According to WSJ, + +>“Mr. Hwang’s strategy began backfiring in recent weeks, as the stock price of companies in which Archegos had significant exposure, including China internet-search giant Baidu and Farfetch, began to sell off. Baidu’s stock price rose sharply in February, but by mid-March its shares had dropped more than 20% from its highs.” + +I do believe we have more than just a "sell-off" here. All those FTDs over the preceeding 5 months could have certainly compounded the effects of a sell-off / short attack. + +https://www.wsj.com/articles/what-is-archegos-and-how-did-it-rattle-the-stock-market-11617044982 + +What you may have also noticed is that the FTDs in VIAC and DISCA continue after the margin call was made before tapering off back to their normal levels. I believe this provides further evidence of skullduggery. + +It should be noted that this is not necessarily the work of our favorite punching bag Shitadel. Any market-manipulator responsible for delivering shares could have had something to do with this. + +--------Now onto price action.-------------- + +I know you have a short attention span, so I’ll remind you that although BIDU and TME don’t have exceptionally anomalous FTD data, but there’s something there. I also promised you some GME involvement and I’m not gonna break that promise. + +The price action on Billy’s largest positions exhibit some eerie similarities. + +VIAC yearly chart +https://imgur.com/TO0aeg3 + +DISCA yearly chart +https://imgur.com/sFVzGxZ + +BIDU yearly chart +https://imgur.com/JHJz6SO + +TME yearly chart +https://imgur.com/BDet5Qw + +FTCH yearly chart +https://imgur.com/bi3F5rs + +Last but definitely not least! +https://imgur.com/RPWR96t + +Wat doing market manipulators? + +Clearly, March 24th was a big day. I don’t believe the correlations in Billy’s stock positions were the result of liquidation because, according to the major news outlets Hwang didn’t have his positions liquidated until the 26th. I could be wrong here, but this all seems like a coordinated attack to flush Billy out of his positions two days prior to the liquidation. + +I don’t have a clue why GME also went down on the 24th, maybe Billy was long??? If he was long GME, pushing him out of his positions would drive the price of GME down. It is sus that their charts are the same two days before the March 26th liquidation. After all, Hwang had 10's of billions of dollars at his disposal. At the time, it wouldn't have taken all that much money to drive GME up, or drop it down. + +Implications of all this: **THIS IS PURELY CONJECTURE** + +- Every article I’ve read on the Archegos collapse claims that the banks leveraging Hwang did not know about how much leverage he was getting, or [how risky his positions were.](https://imgur.com/5SBvjkp) Assuming the anomalous activity was the result of market manipulation which I believe it is, someone had to know how leveraged Billy was in order to carry out the attack. + + +- FTDs significantly affect price action! It shouldn’t have to be said, but I’ll say it anyway. If you’re a domestic or foreign investor with significant holdings, PAY ATTENTION TO FTD DATA!!! + + +- Somebody, or more likely, somebodies made a lot of money off of this. + + +- The rich are feeding on their own. + + +I could be 100% wrong and I look forward to what the apes with actual wrinkles have to say. + +Limitations of my work: + +1. I don’t have access to bloomberg terminal which would give me institutional short position reports in all the stocks I mentioned. + + +2. I don't have the ability to check every stock in the market to see if the anomoly could be considered market wide. I did check a few other tickers, and there price action did not mirror Hwang's positions and GME, but again, I can't check every stock. + + +3. The MSM articles I’ve read don’t all report the events the same way + + +4. I am a retard and have invested my life’s savings into my favorite stock + + +TLDR: I believe that the Archegos collapse was orchestrated by one or more market makers utilizing FTDs to suppress upward trajectory in the underlying securities his positions were based on. If this is true, then someone knew full well how leveraged Hwang was despite what the media has said. + +Given how much some banks made off of Hwang’s positions, its possible if not probable that they were in on it too. GME moved right alongside the positions that Bill Hwang was in, so Billy Hwang may have been an ape. That might explain the actions taken against him by the market maker(s). I don't think it's an obsurd conjecture that DFV and RC were the only ones to notice Gamestop's potential. + +Wall Street’s losses were estimated at $10 billion, so I do believe this warrants further investigation. + +Edit 1: Apparently I'm not allowed to aggregate the numbers because FTDs are rolled forward day to day. + +What I've posted is the maximum number of FTDs and associated cost that could exist. Later today I will go back and subtract the data points and fond the minimum number of FTDs and associated costs that could exist in the given data. +As we wrap up 2016 and I am looking over our numbers for the FY, I thought I'd share a bit about our journey to FI as two teachers in a high COL area (Boston). + + + + + + +[Net Worth Graph 08/2012-12/2016](http://imgur.com/gL4N3vI) + +We started our FI journey in August of 2012 upon my discovery of the /r/personalfinance subreddit and subsequently, Mr. Money Mustache and YNAB. We had already been married for 2 years at that point, and had bought a house. However, it felt like a huge lightbulb went on, and my husband was immediately on board. I started using YNAB for the household budget, and implementing some basic MMM philosophies. Within a few months, we couldn't believe/understand how we lived/survived beforehand. + + + +A few milestones along the way: + +* __2012:__ we established ROTH IRAs with Vanguard, and "MMMed" our budget. Switched the cellphones over to H2OWireless and cut the cords. My husband started taking additional graduate courses to move up "lanes" in his public school salary schedule beyond his Master's. + + +* __2013:__ we paid off my graduate student loans and refinanced our mortgage from 4.99% to 3.625%. I finished grad school. Maxed out our IRA contributions for the first time. Our monthly expenses are now $3800 and stay there through the present. + + +* __2014:__ we saved for and took an amazing 2-week trip to Alaska over the summer, while upping our pre-tax retirement contributions. + + +* __2015:__ we saved for and took an amazing 2-week hiking trip to the Alps. Paid off my husband's undergrad loans (they had been at less than 2%) and our car loan (the other car was already paid off pre-2012). With all the additional graduate credits, husband is now at Masters +45, the highest "lane" he can achieve. I started at a new school, part time and 45 minutes away, but with a base salary that was 50% higher than my previous school. I supplement with a few adjunct jobs at local universities. + + +* __2016:__ I'm offered a full time position at the new school, effectively giving me a $35,000 raise over my 2014-15 salary, and I quit the adjunct positions. We immediately set our 403(b)s to the max. Husband leaves his school district for a new public school less than a mile from my school, so it's time to move closer into the city near our jobs. We sell the house over the summer and opt to rent in the same neighborhood we teach in. The rent is higher than our mortgage (PITI), but other factors make our monthly outflow about the same. Husband starts walking to work (10 minutes), while I drive (5-10 minutes). Husband's new district also offers a 457 plan, so we contribute his entire remaining paycheck to the plan for the rest of 2016 while supplementing our income from our house sale proceeds, and dump the rest into a taxable brokerage account. + + +* __2017??:__ Annual combined salaries will be ~160k. We'll be maxing out our ROTHs, both 403(b)s, and his 457 for a total retirement savings of 65k/year. Planning a 2-week trip to California (Bay Area, Yosemite, Sequoia, Big Sur) that will mostly be covered by credit card points. Net worth should hit 500k in the next few months. Husband also has been paying into the MTRS pension system, but we consider that money to be gravy (and it'll probably be quite substantial). + + + + +We're also looking to start trying for a baby in March-ish. Obviously that'll impact our FIRE plans a bit, but we could potentially be good to go in about 6 years. + +I see a lot on this sub from engineers, etc, so I thought it'd be nice for a discussion from teachers or other middle-wage earners in high COL areas. It is totally possible to achieve! + +Guten Tag to this global band of Apes! 👋🦍 + +I'd speculated yesterday that RRP might reach $1.5T, but I never expected it to jump well into the $1.6T range! So much cash is sitting around, just waiting for the MOASS to place it into the hands of Apes. Of course, this is just the backdrop for the true drama: Citadel Securities is *desperate* to spin the narrative to give the appearance that they acted in good faith, and in the best interests of their clients and the markets as a whole. + +###It's not working + +They are desperate because they are losing. They are losing the support of the people who give them the power to manipulate the markets. Their biggest customers are calling them, demanding answers... or else. The congressmen and congresswomen whose elections were funded by Citadel are calling for answers. The ex-Citadel employees who now serve as market regulators are calling (maybe not demanding answers, but with a "courtesy heads-up that the bosses want answers"). Citadel is having a terrible week, and I can guarantee you today isn't going to be better. + +So, keep it up Apes. Keep DRSing your shares, buying the dip, and exposing the crimes. Diamantenhände will forge our path to the MOASS. + +Today is Friday, October 1st, 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: **$176.35 / 152,30 €** *(volume: 1060)* +- 🟥 115 minutes in: $176.09 / 152,07 € *(volume: 1045)* +- 🟩 110 minutes in: $176.88 / 152,76 € *(volume: 1040)* +- 🟩 105 minutes in: $175.99 / 151,99 € *(volume: 1037)* +- 🟩 100 minutes in: $175.73 / 151,76 € *(volume: 978)* +- 🟩 95 minutes in: $175.68 / 151,73 € *(volume: 938)* +- 🟥 90 minutes in: $175.48 / 151,55 € *(volume: 935)* +- 🟩 85 minutes in: $175.61 / 151,66 € *(volume: 912)* +- 🟩 80 minutes in: $175.22 / 151,32 € *(volume: 808)* +- 🟥 75 minutes in: $175.20 / 151,31 € *(volume: 708)* +- ⬜ 70 minutes in: $175.23 / 151,34 € *(volume: 700)* +- 🟥 65 minutes in: $175.23 / 151,34 € *(volume: 697)* +- 🟥 60 minutes in: $175.73 / 151,76 € *(volume: 494)* +- ⬜ 55 minutes in: $175.93 / 151,94 € *(volume: 489)* +- ⬜ 50 minutes in: $175.93 / 151,94 € *(volume: 484)* +- 🟩 45 minutes in: $175.93 / 151,94 € *(volume: 470)* +- 🟥 40 minutes in: $175.91 / 151,93 € *(volume: 465)* +- 🟩 35 minutes in: $175.93 / 151,94 € *(volume: 418)* +- 🟥 30 minutes in: $175.91 / 151,93 € *(volume: 416)* +- 🟩 25 minutes in: $175.93 / 151,94 € *(volume: 215)* +- 🟥 20 minutes in: $175.91 / 151,93 € *(volume: 215)* +- 🟥 15 minutes in: $175.93 / 151,94 € *(volume: 159)* +- ⬜ 10 minutes in: $175.96 / 151,96 € *(volume: 149)* +- 🟥 5 minutes in: $175.96 / 151,96 € *(volume: 132)* +- 🟩 0 minutes in: $176.52 / 152,45 € *(volume: 20)* +- 🟥 US close price: $175.47 / 151,54 € *($178.00 / 153,73 € 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 1.1579. 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! +Thought of the American FIRE community given our frequent discussion of the uncertainty surrounding US health care when I read this article. Would you be willing to move from the US and work in Canada to access free health care? + +"Politics got you down? Or maybe you're just looking for a superior lifestyle with affordable housing, unlimited access to nature and free health care? We get it! It's time to leave it all behind." + +"Currently, there are more available jobs than people living in Northwestern Ontario — an opportunity not to be missed," reads a news release that went out Wednesday, June 28, announcing the launch of [MovetoNWOntario.ca](MovetoNWOntario.ca), an immigration portal and job-search site supported by the provincial and federal governments. + I'm 21, just got a job at Whole Foods, and now I'm getting mail about signing up for their 401k plan. I have no idea what that entails other than a google search I went on where I understood that its a way to save for retirement (?) But I still can't tell things like how do I know if its a good plan? Why can't I just save money for retirement on my own? Are all 401k plans the same? Why do I really need one and how does it benefit me? My family is dirt poor so I never sign up for anything when it comes to borrowing money like loans and stuff because I am POSITIVE I will not be able to pay back. As of right now its hard to see a future for myself where I'm working a job like in an office or whatever is "professional" because I have extreme social anxiety and imposter syndrome is a constant thing that always makes me feel like I'm going to fail and that I don't have what it takes to do a good job despite being really good in school. Anyways, this super market job might be my best bet for the foreseeable future and so I need advice on whether I should do their 401k plan or not. If anyone out there is trying to help a clueless new adult thanks a ton in advance! + +EDIT: OH MY GOSH THANKS SO MUCH FOR ALL THE REPLIES SHARING YOUR EXPERIENCES/TIPS GUYS!! I WAS STRESSING LOL But truly, I appreciate it so so much and feel MUCH more informed and confident in this decision. I don't really have anyone in real life that I could ask these things to and often feel very lost but you guys were beyond helpful, considerate and understanding. Way to go!! ♥️ +The Ark team has finally listened to the community feedback and has begun working in lacking areas, one of which, was furthering exposure and marketing. Check out the informational Ark videos! More to come. + +https://www.youtube.com/watch?v=E0IRwe9Iv3w + +https://www.youtube.com/watch?v=YT_xMwT8CnA + +https://www.youtube.com/watch?v=sO_blc3DEhk + +https://www.youtube.com/watch?v=GJHhTA78QQQ + +https://imgur.com/a/yC4QA + +Hello. I touched briefly in my last thread about my newfound love of travel the past 2-3 years, as I've gotten closer to FIRE. I got messages from folks having a hard time believing the claims I was making, so I want to expand my thoughts on the matter, how to do it on the cheap, and so forth. +https://www.reddit.com/r/financialindependence/comments/7eo4wi/38msingle_crossed_2_million_today/ + +*Disclaimer - I realize my circumstances are not everyone else's, I have a job that lets me do a lot of my work remotely so I can take frequent vacations and a job that has allowed me to bank up years worth of vacation time. And I'm a solo traveler, so what may be cheap for me is definitely not for folks with partners and children to take along. And I realize many of you simply don't care to travel and have not factored it into FIRE, that's cool, too. And I live next to a major airport, DFW. If you're in a smaller city and need regional jet connection, costs will definitely be higher.* + +For me, I've always wanted to travel because I never got to growing up, my parents did their best working blue collar immigrant jobs and didn't have the time or money to do so. I rarely considered it as I was working in my 20s and early 30s and saving up for FI because of how expensive airfare, hotel and car rental could be. For example, a week-long trip to London from DFW would have cost me ~$3,000 a few years ago ($1,300 airfare, $120/night hotel, $100 Oyster card to use mass transit, $700 spending money). A weekend trip to NYC from DFW a few years ago would have cost me ~$1,000 ($250 airfare, $150/night hotel, $50 cabs/subway, $250 spending money). I could not justify those high costs to myself, so I just had local vacations for years. Day trips to destinations I could reach by car. + +Since around 2013, however, there have been four major changes in the travel industry that have together driven down costs considerably to make it attractive for me. + +* First, oil prices have fallen off of a cliff. What used to sell for $100 a barrel a decade ago has remained closer to $50 a barrel lately. Fuel is by far the highest fixed cost airlines have, more so than labor. The sustained lower fuel prices have allowed them more room to cut fares, and they have. That $1,300 airfare to London I talked about? I waited on a sale this past winter and booked round trip tickets from DFW to London Heathrow connecting through Boston Logan for a little over $600 bucks on British Airways. That $250 round trip ticket to New York Laguardia? I waited on a sale and paid $110 for my trip this month on American. + +* Second, airlines have even further room to cut fares thanks to the new generation of fuel efficient, high capacity planes that run on ~20 percent less fuel. The newest long-haul, wide-body planes they use on international flights like the Boeing 787 and Airbus A350 are made with substantially lighter carbon fibre polymers instead of aluminum and use the latest, most fuel efficient engines. And they are cramming in more people, more rows, more seats, further driving down the cost per passenger. The smaller narrow-body planes used on domestic flights are cheaper to fly too, such as the brand new Boeing 737 MAX and the Airbus A320neo, with fuel efficiency improvement of ~15 percent. All of that adds up. + +* Third, the very recent rise of long-haul, international budget airlines has forced legacy carriers to further cut their fares. I'm sure you know about domestic budget, no-frills airlines, like Spirit or Frontier. Where the ticket is cheaper and the seat is unbearably small, but you get charged fees for everything from your soda to your carry on. The new fuel efficient planes and low fuel prices have allowed carriers like Norwegian, WOW and LEVEL to be profitable selling absurdly cheap international flights to Europe. For example, if you check Google Flights right now, WOW is currently offering round trip tickets from Boston Logan to London Gatwick connecting through its hub in Iceland for $350 in February. Norwegian is offering the same round trip tickets from Logan to Gatwick for a little over $300. That is insanely cheap to me. However, I'm six foot six tall, so cramming into a budget airline seat is a non-starter for me. Luckily, the success of these long-haul budget airliners has forced legacy carriers to cut fares, too, hence my cheap London tickets on BA. + +* Fourth, and probably most importantly, the rise of Airbnb has substantially driven down the cost of lodging. For example, mediocre hotel rooms within Manhattan or Queens in NYC typically cost $100-$150 a night, even more in hot spots. During my trip this month, I stayed in a furnished room in Queens for $50 a night for two weeks. The room was in a three story home owned by a nice accountant named Mike. He uses the first floor as his office where he entertains clients. He converted the second and third floors last year into five private rooms he rents out on Airbnb. The bed was clean and comfortable, wifi was fast, it was quiet and I have a private entry in the back with a lock for my room. Mike was there during business hours and I will definitely stay with him again. Austin is another town with universally expensive hotel rooms, I would have to spend about $100 to $150 a night for a mediocre room there, too. Instead, I booked in July two nights for $45 each in a new, furnished tiny house built on a trailer bed by college students. It was listed by a homeless outreach non-profit on the edge of town that constructs tiny homes and RVs for homeless folks who work on the property. It was a great experience, I wasn't worried about my safety because it was on a communal farm with security and the room was outstanding. + +So, how do I find such deals? Regarding lodging, it's simple. I compare local hotel prices on Expedia or Trivago with prices on Airbnb. The vast majority of the time, the Airbnb private room rates are 30 to 70 percent cheaper. Regarding sales on airfare, I follow travel deal websites like www.thepointsguy.com, www.theflightdeal.com and loyaltytraveler.boardingarea.com, who have daily updates on the latest travel deals from large airports all over the US. + +As a rule, I will not take a vacation somewhere if I cannot limit my total spending to under $100 per day. So during my three-day trip to Chicago in September, I made sure I would not spend over $300 for my flight, room, rail/bus pass and spending money before I booked the trip. For places where it's impossible to keep costs below $100 a day, like Los Angeles, I try to go with someone else. I'm taking my elderly mother to Los Angeles next week so it averages out to less than $100 per person per day, so I can justify the cost to myself. +Hi everyone, + +after lowering my monthly living costs to save more money I would like to generate more income somehow. What is your experience? Do you have multiple income sources, if so, what kind of? + +Thanks in advance for sharing your experience +So as the title says, lost my job. I live in North Carolina and I've been a childcare teacher for this place for about 2 1/2 years and was forced to resign due to someone else's mistake. I don't want to go too much into details in case someone working there sees this post. +I have no income from my side, luckily my husband has a job but is getting less and less hours (used to be 40 but being dropped to 25 this week, retail is so fun /s) so at least we have some sort of money coming in. No where near enough for our bills to be honest though. +What can I do right now to bring in some sort of income? I've already applied to nearly every job in my small town. Because I've been in childcare so long people don't want to put me into a different type of job. I have over 8 years experience in childcare but after being burned by this last place I really don't want to work in childcare again. +I have this semester to finish and then literally one class in the summer to take and I'll have my early childhood education degree. Looking at that degree, I literally cannot get a decent paying job and I wish I never went for it. +I've only ever been paid $1.50 over minimum wage and we were not in a good place then to be honest. +We have no kids, we barely eat out, we cut corners wherever possible. +This has been a bit of a rant but I really could use some advice if possible. +Thanks. +I might get downvoted to oblivion or banned for this but I feel this sub should be focused on investing that involves portfolios that are dynamic. Or at least portfolios that involve some form of actual research and involvement on the part of the investor. + +A sub already exists for people who want CCP and Vanguard all in one funds. + +Now nothing wrong with having that in your portfolio but if the sole extent of your investment ambitions is limited to those two ideals I feel as though there is a sub directed towards helping people with that already and this board would be better utilized for helping people out, and discussing investment ideals that involve more mental effort and risk than that. + +The sub for those people who want nothing more than CCP and Vanguard is called r/personalfinancecanada + +I'm not tossing shade at people who utilize those investment methods I just think this sub would be better off for people who care to grow beyond that and this sub should be more focused on the individuals who look beyond the easy modes of investing and care to actively be involved in their portfolio beyond mere allocation. + +Not trying to be a dick just saying. + +Edit: Seriously if you have a problem with what I'm saying you may as well go to r/parkour and shit that sub up with your r/miming skills. + +2nd edit: Canadians Interested in investing and looking at opportunity in the market besides being a potato. Discussion would be geared around any investment opportunities a Canadian has access to. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... + +If you want to do the same thing everybody else does without a care to take risk or research is doing that is fine. + +I would just hope that maybe this sub may be able to be re-directed to the first half of its mission statement rather than being r/personalfinancecanada2. + +Not really sorry if that hurts anyone's feelings. +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of July 30th💜🚀🚀71.3 MILLION SHARES!🚀🚀 + +[latest 10Q](https://investor.gamestop.com/node/19906/html) + +https://preview.redd.it/3n7lyv3nqcx91.png?width=722&format=png&auto=webp&s=819a98f2fe5590c0e64a108ec8c48e00832fbfcc + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[October Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d/drscomputershare_megathread_102022/?utm_source=share&utm_medium=web2x&context=3) + +[September Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/?utm_source=share&utm_medium=web2x&context=3) + +[August Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/?context=3) + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +# ✨INFO FOR IRA HODLERS✨ + +[credit to u/Bibic-Jr](https://www.reddit.com/r/Superstonk/comments/yig3v7/want_to_drs_your_ira_start_here_easy_and/?utm_source=share&utm_medium=web2x&context=3) + +There are **2 main forms of custodian** when it comes to DRSing SDIRAs: **A market participant custodian** (that has a connection with a broker), **or a non-market participant custodian** (that has no connection with brokers). + +1. Creating an **SDIRA LLC** to control your shares, through a **non-market participant custodian**. +2. Creating an **SDIRA** through a **market participant custodian**, that has a broker partner. +3. A mix of 1 and 2 by creating an **SDIRA LLC** to control your shares, through a **market participant custodian** that has a broker partner. (It's the convenience of option 2, with the security of option 1) + +*An* ***alternative to an LLC*** *could be a* ***Business Trust***. They have higher set up fees, but no annual fees. [pros and cons here](https://www.reddit.com/r/Superstonk/comments/w4rpor/comment/il0kha4/) + +**The only way to avoid an IRA custodian is to make an early withdrawal, taking the tax hit.** + +# Early Withdrawal Solution (AKA In Kind Distribution): + +\*I'm not a tax professional and I'd urge anyone thinking of doing a rollover to contact a tax professional before proceeding to understand any consequences they may encounter. + +**PROS:** + +* Removes shares from the DTC. +* Provides truly DRS'd shares in your name, and no other entity has access to them. +* Keeps all your DRS'd shares in one place. + +**CONS:** + +* 10% Early withdrawal penalty. This penalty is applied to the pre-taxed amount of your early withdrawal. +* Tax penalties. Any early withdrawal will be added to your income and be taxed as such. The amount can vary depending on your state's tax laws, your IRA contributions, if you have a Roth or traditional IRA, and how much profit you have made. +* You will not be able to use your IRA's value to take out loans (cash margin) in order to invest in non-public traded equities (i.e. real estate) with the benfits an IRA provides. + +**Calculate how much tax** you'd need to pay with this [**IRS tax calculator**](https://www.irs.gov/help/ita/is-the-distribution-from-my-roth-account-taxable)**.** + +# If you complete a rollover of the in-kind distribution into the name of the IRA with a new custodian within 60 days, there are no tax implications. 60-day rollovers are allowed once every 12 months, not every calendar year. You aren't able to do one in December 2022 and again in January 2023. They have to be more than 12 months apart. + +**Roth IRA extras:** + +* With Roth IRAs it's only contribution that is not subject to early-withdrawal tax penalty. Anything above what you added to it is subject to tax. +* If you have had your Roth IRA open for over 5 years, you can withdraw early penalty free. But there may still be taxes to pay. +* Transferred shares from a Roth IRA will receive a new cost basis (based on market close) and the holding period will reset (the timer for long term capital gains starts over). According to Fidelity this is IRS law. (Thank you [u/boskle](https://www.reddit.com/u/boskle/)!) + +[**Roth IRA 5-Year Rule - no taxes or penalties**](https://www.investopedia.com/roth-ira-withdrawal-rules-4769951#citation-11) + +In general, you can withdraw your earnings without owing taxes or penalties if: + +* You're at least 59½ years old +* It's been at least five years since you first contributed to any Roth IRA (the five-year rule). + +[https://www.irs.gov/publications/p590a#en\_US\_2021\_publink1000230975](https://www.irs.gov/publications/p590a#en_US_2021_publink1000230975) + +# Custodian Options (AKA In Kind Transfers Or Rollovers): + +[Learn more about the differences between IRA transfers and Rollovers here.](https://www.irafinancialgroup.com/learn-more/self-directed-ira/in-kind-ira-distributions-and-conversions/) + +Here we have 2 different options of SDIRA custodian (**Market Participant**, and **Non-Market Participant**. The second one requires an LLC). There is also a 3rd option using a market participant custodian and an LLC. + +**It's important to research if a market participant, or non-market participant works best for you.** + +[Check Existing-Reference53's post for further reading on the differences between IRA custodians](https://www.reddit.com/r/Superstonk/comments/y1hlcz/the_ira_custodian) + +[List of RITA approved IRA custodians.](https://ritaus.org/membership_directory/) + +[List of SDIRA custodians](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[Investopedia's top SDIRA custodians](https://www.investopedia.com/best-self-directed-ira-companies-5086593) + +# 1. SDIRA LLC through a non-market participant custodian: + +**PROS** + +* Removes shares from the DTC. +* Offers Checkbook Control (you don't need the custodian's consent to make investments). +