diff --git "a/reddit_finance_43_250k_275.txt" "b/reddit_finance_43_250k_275.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_275.txt" @@ -0,0 +1,10000 @@ + +After years of development by a topclass highly experienced team, **POET Technologies (POETF)** now has the technology (the "POET interposer platform") to use photons in devices with outstanding performance, well covered by >70 patents. They also have already 4 committed **customers** (POET said they will announce more info soon) lots of requested **samples**, two **design wins** and a joint venture with **SANAN IC** for mass production soon. **Nasdaq** (in q4/q1) ticker "POET" is reserved. Their first market of interest is **datacom**. + +**Investment bank IBK Capital Corp**: *"POET is at an inflection point for rapid growth. As part of the fab-light strategy, POET will focus on growing the OI business in fast-growth, multi-billion dollar markets driven by internet traffic, datacenter development, 5G networks and the integration of photonics and network switching devices. The total available market POET is pursuing for integrated photonics is estimated to be US$20 billion by 2025.* ***Price target: 9,56usd, 12-18 months***." + +**DD: Why POET?:** [https://www.reddit.com/r/POETTechnologiesInc/comments/q8wgmu/why\_poet/](https://www.reddit.com/r/POETTechnologiesInc/comments/q8wgmu/why_poet/) + +**Additional information** about the POET Optical Interposer platform: + +Video: [https://www.youtube.com/watch?v=9bdx5XdEbYo&ab\_channel=POETTechnologies](https://www.youtube.com/watch?v=9bdx5XdEbYo&ab_channel=POETTechnologies) + +Text: [https://poet-technologies.com/poet-platform.html](https://poet-technologies.com/poet-platform.html) + +&#x200B; + +**Other companies** diving into photonics: Lightwave Logic, Intel, NeoPhotonics **-**\> check them out as well. They have very good/brilliant tech, but, they all still have fundamental flaws that POET's optical interposer platform improves upon. + +&#x200B; + +A product (the POET interposer platform) that completely outperforms (e.g. most versatile, lowest noice, lowest costs, highest speed) the current industry standard in a huge new market in front of us, I personally think that's **very interesting, so I want to share this with everyone here** (I read: "posts about the stock market in general are all welcome."). + +I hope everyone can at least think about it. Thank you for your attention. Questions can be asked. +Because of the numerous advantages of "photons" (light) in comparison with "electrons", photonic circuits (to "use" this photons) will be implemented in almost every electronic device (**datacom, 5G, LiDAR , medical devices, sensors, quantum computing, neurotrophic computing,...**) and thereby replacing the old, expensive and limiting electronic structures, in the near future (couple years from today). + +**Video about optical computing (photonic circuits):** [https://www.youtube.com/watch?v=UWMEKex6nYA&ab\_channel=Futurology%E2%80%94AnOptimisticFuture](https://www.youtube.com/watch?v=UWMEKex6nYA&ab_channel=Futurology%E2%80%94AnOptimisticFuture) + +**Just like the internet, hydrogen, electric vehicles, green stocks,...the photonic circuit market is forecasted to take off.** + +**Market sales forecast of optical transceivers:** + +https://preview.redd.it/8kkau3wvqfu71.png?width=1062&format=png&auto=webp&s=d631f55e8d0a85bae3311bbc7395b1a4ddbc01b4 + +After years of development by a topclass highly experienced team, **POET Technologies (POETF)** now has the technology (the "POET interposer platform") to use photons in devices with outstanding performance, well covered by >70 patents. They also have already 4 committed **customers** (POET said they will announce more info soon) lots of requested **samples**, two **design wins** and a joint venture with **SANAN IC** for mass production soon. **Nasdaq** (in q4/q1) ticker "POET" is reserved. Their first market of interest is **datacom**. + +**Investment bank IBK Capital Corp**: *"POET is at an inflection point for rapid growth. As part of the fab-light strategy, POET will focus on growing the OI business in fast-growth, multi-billion dollar markets driven by internet traffic, datacenter development, 5G networks and the integration of photonics and network switching devices. The total available market POET is pursuing for integrated photonics is estimated to be US$20 billion by 2025.* ***Price target: 9,56usd, 12-18 months***." + +**DD: Why POET?:** [https://www.reddit.com/r/POETTechnologiesInc/comments/q8wgmu/why\_poet/](https://www.reddit.com/r/POETTechnologiesInc/comments/q8wgmu/why_poet/) + +**Additional information** about the POET Optical Interposer platform: + +Video: [https://www.youtube.com/watch?v=9bdx5XdEbYo&ab\_channel=POETTechnologies](https://www.youtube.com/watch?v=9bdx5XdEbYo&ab_channel=POETTechnologies) + +Text: [https://poet-technologies.com/poet-platform.html](https://poet-technologies.com/poet-platform.html) + +&#x200B; + +**Other companies** diving into photonics: Lightwave Logic, Intel, NeoPhotonics **-**\> check them out as well. They have very good/brilliant tech, but, they all still have fundamental flaws that POET's optical interposer platform improves upon. + +&#x200B; + +A product (the POET interposer platform) that completely outperforms (e.g. most versatile, lowest noice, lowest costs, highest speed) the current industry standard in a huge new market in front of us, I personally think that's **very interesting, so I want to share this with everyone here** (I read: "posts about the stock market in general are all welcome."). + +I hope everyone can at least think about it. Thank you for your attention. Questions can be asked. +I am a super noob and trying to define/refine my investment goals. I want to get to the point where dividends will be my only source of spending money for variable expenses (gas, fun, food) as a way to keep a tight budget and invest the rest in strong etfs like VOO and keep growing dividends so i can have a gradually larger spending budget. I get that i will have to pay taxes on the spent dividends when that time of year comes around but i would if i had DRIP as well. Right now my monthly dividend payers are O and SPHD. Why is everyone so against spending dividends? Am I missing something? +Nowadays we're pretty happy with a dividend portfolio that pays 4-5%. But back in the day, when monetary policy was more normal, I understand that you could have a savings account that paid that much, or at least a treasury bond. + +In that sort of environment, how did dividend investing work? Were dividend yields much higher than they are today? Or did dividends play some sort of special role that bonds / savings accounts didn't? +Generally curious how much the full time (or I guess also amateur) traders make annually. Is it consistent? What’s your median wage or your worst year? Also, how do you decide what you’re going to leave as your trading account vs what you withdraw as income? +[credit to Kingsnakejones](https://preview.redd.it/5euszwfc9d1a1.png?width=1920&format=png&auto=webp&s=03ca47815b9979c51c1947ada2f24dbec6c49f74) + +# [🟣Youtube Link🟣](https://youtu.be/xFQmiLWiv5Y) + +Paul joined us for his THIRD AMA and we're so grateful that Computershare has continued to keep communications open with us, answering some really complicated questions that only a transfer agent can answer. Thanks to anyone who left a question in our question thread! + +Quick access hub:[ Quick Access Hub - Computershare https://www-us.computershare.com/QuickAccessHub](https://www-us.computershare.com/QuickAccessHub) + +Sign up for text messaging:[ Text Message Service (computershare.com)](https://www-us.computershare.com/SMS/#OptIn/SMSEnrollment?src=sms) + +&#x200B; + +Timestamps & Questions + +[00:00](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=0s) Intro + +[00:14](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=14s) We asked you recently - Can a broker initiate a transfer of (GME) shares out of an IC shareholder account without their permission? Your answer was: No. A broker should only initiate a transfer of shares where authorized by its client. A broker must provide (on the electronic transfer request) the transfer agent with the shareholder’s registration details, the number of shares being transferred and unique shareholder reference number to initiate the transfer, details only the shareholder should know. Can you expand on what the unique shareholder reference number is? + +[02:22](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=142s) Will the current limit sell price rise as the stock price rises, and how will that work? + +[05:21](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=321s) In our first AMA you informed us you were looking at what you can do to raise the selling limits. Can you give us an update on this? + +[06:33](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=393s) Can people request the verification code (when setting up an account) be sent to an email address rather than a mailing address? + +[07:31](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=451s) If we set up a TOD beneficiary to our account, how does that work? Is there any difference for international investors? + +[08:17](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=497s) How many bank accounts can each Computershare account have? The same question for international investors. + +[09:15](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=555s) When will European investors be able to easily deposit funds from their European Bank accounts? + +[10:09](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=609s) Could you talk about which processes online require multi-factor authentication? + +[12:42](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=762s) What information can I access quickly for my account? + +[14:15](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=855s) How’s electronic delivery moving along? + +[16:09](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=969s) What security measures are in place to detect and deflect DDOS attacks that might occur on the website? What compliance standards from a data security and integrity point of view does Computershare have to adhere to? + +[17:26](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=1046s) In terms of staffing or processes, how much has Computershare been affected by this Global influx of investors wanting to be registered owners? + +[19:37](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=1177s) Have you had any media inquiries asking questions about GME investors? + +[20:53](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=1253s) What’s the largest percentage of a company you’ve ever seen direct registered? + +[21:43](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=1303s) Could you explain the difference between a forward stock split and a stock split via dividend in terms of how they’re distributed? Can you explain how a transfer agent distributes shares for a stock split via dividend vs. how a broker would distribute these shares? Could you also tell us how a transfer agent distributes a forward stock split vs. how a broker would? + +[28:48](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=1728s) If an executive is given shares as part of their compensation, are those shares normally held in DRS form? + +[29:46](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=1786s) Knowing that the DTC can ‘draw down’ shares that are owed to them according to the FAST balance, can you specify instances where that happens? + +[31:01](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=1861s) Is there a policy regarding logging into our online Computershare account in order to keep it active? + +[34:29](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=2069s) Are there any plans for a mobile app? + +[35:04](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=2104s) DRS shares that do not have their cost basis information sent over by brokers are labeled as non-covered shares. Non-covered shares by definition, are shares that are purchased pre-2011. Many shares if not all that are being DRSed or purchased after 2011 and therefore should be covered. We have many cases of brokers sending over incorrect cost basis information. Are there regulations in place to make brokers send over the correct cost basis information? + +[36:18](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=2178s) Can you tell us some key things to look for when it comes to choosing a custodian for IRA shares? Are there any warning signs we should look out for when researching custodians? + +[39:11](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=2351s) Why can't trust accounts or LLC holdings be opened directly through Computershare? + +[41:33](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=2493s) What prevents Trust Account holders from being able to sell online? + +[41:57](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=2517s) Can I register my IRA account or shares from my IRA account? + +[42:35](https://www.youtube.com/watch?v=xFQmiLWiv5Y&t=2555s) If people have their shares direct registered in an IRA through a custodian, can the custodian reverse the DRS process? + +&#x200B; + +[FULL TRANSCRIPT](https://www.reddit.com/r/Superstonk/comments/z2ejeh/superstonks_3rd_ama_with_paul_conn_president_of/) +Update: called bank. It was deposited into the wrong account by a number. My account has a 1 and the correct account has a 7 which were probably hard to tell on the deposit slip. seems like a teller mistake. + +Just checked my bank account and it seems there was a deposit of $9,600 in it. I wasn't expecting any deposits. What should I do? Thank you. + +Edit: thanks for responses. Will contact bank when they open in a few minutes. +BURIRAM, Thailand—Toyota Motor Corp. TM -0.87%decrease; red down pointing triangle President Akio Toyoda said he is among the auto industry’s silent majority in questioning whether electric vehicles should be pursued exclusively, comments that reflect a growing uneasiness about how quickly car companies can transition. + +Auto makers are making big bets on fully electric vehicles, investments that have been bolstered by robust demand for the limited numbers of models that are now available. + +Still, challenges are mounting—particularly in securing parts and raw materials for batteries—and concerns have emerged in some pockets of the car business about the speed to which buyers will make the shift, especially as EV prices have soared this year. + +“People involved in the auto industry are largely a silent majority,” Mr. Toyoda said to reporters during a visit to Thailand. “That silent majority is wondering whether EVs are really OK to have as a single option. But they think it’s the trend so they can’t speak out loudly.” + +While major rivals, including General Motors Co. and Honda Motor Co., have set dates for when their lineups will be all-EV, Toyota has stuck to a strategy of investing in a diverse lineup of vehicles that includes hydrogen-powered cars and hybrids, which combine batteries with gas engines. + +The world’s biggest auto maker has said it sees hybrids, a technology it invented with the debut of the Toyota Prius in the 1990s, as an important option when EVs remain expensive and charging infrastructure is still being built out in many parts of the world. It is also developing zero-emission vehicles powered by hydrogen. + +“Because the right answer is still unclear, we shouldn’t limit ourselves to just one option,” Mr. Toyoda said. Over the past few years, Mr. Toyoda said, he has tried to convey this point to industry stakeholders, including government officials—an effort he described as tiring at times. + +Global car companies have made a sharp pivot to electric vehicles within the last few years, driven in part by the success of EV-only maker Tesla Inc. + +Traditional auto makers such as Toyota, Ford and GM are also facing new competition from startups such as Rivian Automotive and Lucid Group Inc., which make EVs exclusively and have captivated Wall Street in recent years. + +At the same time, the legacy auto makers have a much broader base of customers, including many living in rural areas and developing economies with unreliable electricity supplies. + +And their gas-engine businesses are still driving the bulk of profits needed to fund the costly shift to electric vehicles, which not only requires the development of new models but also construction of new facilities and battery plants. + +The infrastructure to charge electric vehicles is meanwhile still lacking in the U.S. and many other parts of the world, making owning an EV still a challenge for many types of consumers. + +According to J.D. Power, the market share for EVs in the U.S. has risen sharply in the last couple of years. As of October, it was around 6.5% of the total new-car market, the firm said. + +But that is largely because EV sales are growing faster in places such as California, where there are more options and a greater willingness among buyers to make the shift, J.D. Power analysts say. Sticker prices for electric vehicles have also jumped this year because of the rising cost of battery materials, limiting the pool of buyers who can afford one. + +Auto executives say the uptake on EVs could be uneven for some time, and that gas-powered models, along with hybrids and plug-in hybrids, will endure for many years to come. + +“The coastal areas, the East and West Coast, that’s electrifying much quicker than the interior of the country,” said Jim Rowan, chief executive of Sweden’s Volvo Car AB. Mr. Rowan said plug-in hybrids serve the purpose of providing buyers with an option if they aren’t ready to go full electric and are important to warming them up to the technology. + +Ryan Gremore, an Illinois-based dealer, who owns several brand franchises, said he gets a lot of customers inquiring about EVs, in part because of limited supplies. + +That might give the impression of robust demand, but it is unclear how it will materialize when inventory levels at dealerships normalize, he added. “Is there interest in electric vehicles? Yes. Is it more than 10% to 15% of our customer base? No way,” Mr. Gremore said. + +Mr. Toyoda’s long-held skepticism about a fully electric future has been shared by others in the Japanese car industry, as well. + +Mazda Motor Corp. executives once cautioned that whether EVs were cleaner depends largely on where the electricity is produced. They also worried that EV batteries were too big and expensive to replace gas-powered models and better suited to the types of smaller vehicles that Americans didn’t want. + +Nissan Motor Co., which launched the all-electric Leaf over a decade ago, had until recently taken a more cautious stance on EVs with executives saying they were waiting to see how the demand would materialize. + +Nissan Chief Executive Makoto Uchida said the company moved too aggressively with the Leaf early on, but lately demand for EVs has been growing faster than many had initially expected. Nissan said last year it would spend roughly $14.7 billion to roll out new battery-powered models. Now, Mr. Uchida said it may need to spend more. + +The wild card, he said, is regulations and government subsidies globally that could speed adoption even more. “Would that be enough? The answer is it may not be,” Mr. Uchida said. + +Mr. Toyoda has argued that fully electric models aren’t the only way to reduce carbon emissions, saying hybrid vehicles sold in large volumes can also deliver a short-term impact. “It’s about what can be done now,” he said. + +Mr. Toyoda’s cautionary tone toward EVs has caused some concern from investors and consumers that the auto maker could be falling behind in the EV race. + +Toyota has been slower than rivals to roll out fully electric models in major markets such as the U.S., with its bZ4X electric SUV being recalled earlier this year because of a potential safety problem. + +Mr. Toyoda said the auto maker was taking all types of vehicles seriously, including EVs. In late 2021, it revealed plans to spend up to $35 billion on its EV lineup through 2030. Since then, Toyota has disclosed sizable investments in EV manufacturing capacity in the U.S. + +The Toyota chief also said alternatives to EVs, such as hydrogen-powered vehicles, were beginning to get a warmer reception from government officials, members of the media and others involved in the auto industry. + +“Two years ago, I was the only person making these kinds of statements,” Mr. Toyoda said. + +https://www.wsj.com/articles/toyota-president-says-silent-majority-has-doubts-about-pursuing-only-evs-11671372223?mod=hp_lead_pos5 +Hello, + +I am having issues with Monzo and was looking for help. + +I stayed at a hotel in the Middle East earlier this year and paid for the room via a third party using my Amex. Upon check in, I used my Monzo card as the “hold”. + +There was an issue with the stay and Four Seasons said they would refund 20% of the stay as a good will. However, they said they would issue it onto my Monzo card as that was the “hold” card. This was done on 21st April and I still haven’t received the fund. Four Seasons and their bank have provided the ARN number and receipts to show payment was made to my Monzo account. + +Monzo claim they haven’t received it and are being super unhelpful. I have given them the information and proof but just say “we haven’t received it and can’t investigate international bank transfers not received”. They have also refused to engaged in any dialogue with the merchants bank. I thought the bare minimum would be that Monzo could liaise directly with the corresponding bank? + +I’m currently out ~£270. Four Seasons and their bank have been helpful in providing as much as they can but Monzo are just refusing to even do anything other than check a ref number provided by the corresponding bank. + +Not sure what to do in this case? +Hey all, the mods have asked me not to share the story because of the personal information rules, but here’s the backstory: You might have recognized some of my posts about budgeting before. I sought out this sub to find an audience of people I could talk to about money. After college, my mom was facing bankruptcy and I was $60k in debt. Luckily I had a job in the military and a nearly obsessive personal motivation to pay off our debts and get a good start on life. But every time I would bring up the subject of money and budgeting with my friends, I would get lambasted for being tacky. When I started having success at paying off debt, some of my closest friends acted resentful towards me, and relationships I’ve had since I was a kid broke down completely. I decided to keep quiet about money and I didn’t bring it up with anyone because I didn’t want to risk damaging more relationships. Thankfully I eventually found this sub, started sharing my ideas with you, and finally found an outlet where I could speak my mind about budgeting and personal finance. The people here gave me great feedback and challenged me to learn more. After you responded well to a few of my posts, I was contacted for an interview for a popular credit website. She loved the personal details of my story and decided to write an article about my success. A week later, friends who I haven’t spoken to in years are sending me screenshots of their phone with a picture of me as the #3 national headline of the day. The article? A success story about how a young guy in his 20’s paid off all his debt and his mothers debt in 3 years, along with a screenshot of the budgets I made for myself in the process. Friends on facebook started sharing the article and collecting more likes than I have friends. Relatives halfway across the country saw my picture featured on their city’s local news headlines. The funny part is, the story about me featured images of my budget and plots showing how I paid off the debt, but the plots were over 2 years old. Years ago, I had originally posted everything the national article had shown on my own facebook wall to try to help my friends, but I removed it within 5 minutes after my closest friends berated me. + +TLDNR: This sub empowered me to open up dialogue about money after my friends shut the conversation down. Your valuable feedback helped me pay off $60,000 in debt, my mom’s debt, and helped my story get featured in thousands of news agencies worldwide. People are much more comfortable talking about money with me now. THANK YOU FOR THE SUPPORT!!! + +EDIT: Here's my latest budgeting guidline post to reddit. Once I'm done with school, I intend to make even nicer spreadsheets and guidelines to share with the community. Cheers and happy budgeting! + +How to Build Your Budget: +http://imgur.com/gallery/qbNczWY?lr=1462473351 + +How to View Your Budget: +http://imgur.com/yzFR1HH + +Here's the excel file I built to do it (personal information has been sanitized): +https://drive.google.com/file/d/0BwJYOZaa5I8AVEN5MTB2aVdNSGs/view +It seems to me that one big problem with Reddit going public is whomever becomes the majority share holder will be able to, at the very least, find out who each and every one of us is. Or, change the platform so your actual info must be used. Then these HF and MM will start taking people to court for stupid shit, to slowly get their monies back. Or at a minimum just try to drain Apes of their cash over time. Out of spite. This is just speculation but I would not put anything past them. 💎👐📈 EDIT - This is getting downdoted fn instantly. I must have struck a nerve. +*Edit 1: Coincidence or not, CNBC wants us to sell our shares in 2 weeks, a few days before rebalancing day:* [*If you’re thinking of riding the next meme stock mania, be sure to sell in about 2 weeks*](https://www.cnbc.com/2021/06/09/if-youre-thinking-of-riding-the-next-meme-stock-mania-be-sure-to-sell-in-about-2-weeks.html) + +*~~Edit 2: As far as I remember, a T+21 cycle finishes on June 24th right? Can somebody help me there?~~* + +*Edit 3: Added information* + +*Edit 4:* *T+21 falls on June 24. T+35 falls on June 28. Thanks to* r/Throcked + +**EDIT 5: I just learned that you can not change the title.** **~~and T+21 and T+35~~** + +***Edit 6: This is my first time I put so much time in a post for this community. One thing I learned from this one is that I should only write about things that I can source, not things that I merely remember.*** ***I am very sorry for the confusion!*** + +*Edit 7: Added Information on stocks being added to the Russell 1000* + +*Edit 8:* [*720B reverse repo might be due at the same time*](https://www.reddit.com/r/Superstonk/comments/nxtguc/bottom_of_page_4_seems_to_say_theres_720b_worth/)*, it's all adding up to the same date. See Edit 1. What is going to happen?* + +***.*** + +. + +. + +*We have seen a lot of posts about the highly possible migration of GameStop into the Russell 1000 Index.* + +*I did my small DD and I wanted to share a bit of information with you. Please don't expect too much from this post, it's my first DD if you can call it that; maybe rather a compilation of free information I found on the internet. Please tell me if I make mistakes or if I should add something!* + +# Introduction: What is the Russell 1000? + +The term Russell 1000 Index refers to a stock market index that is used as a benchmark by investors. It is a subset of the larger Russell 3000 Index and represents the 1000 top companies **by market capitalization** in the United States. The Russell 1000 is owned and operated by FTSE Russell Group, which is based in the United Kingdom. The Russell 1000 is considered a bellwether index for large-cap investing. [\[1\]](https://www.investopedia.com/terms/r/russell_1000index.asp) + +FTSE Russell provides float-adjusted, market capitalization–weighted indexes for a precise picture of the market. Today, $9.1 trillion in assets are benchmarked to the Russell US indexes. [\[2\]](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +# What does this have to do with GameStop? + +*You may have heard: your favorite company GameStop will probably be moved into the Russell 1000. As of now, GameStop is in the Russell 2000 Index* [\[3\]](https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf)*.* + +An existing Russell 2000 index member would have had to have a total market cap exceeding **$7.3 billion** in order to move into the Russell 1000 index, she said. + +Going by that, \[...\] **GameStop and its $11.97 billion market cap would make it.** [\[4\]](https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html) + +*As this PDF* [\[5\]](https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf) *shows, GameStop will be preliminary deleted from the Russell Microcap Index* [\[6\]](https://www.investopedia.com/terms/r/russell-microcap-index.asp). + +# 2021 Index Reconstitution + +Each year in May and June, the Russell Indexes release an updated list [\[7\]](https://www.ftserussell.com/resources/russell-reconstitution) of the constituents for their various indexes, notably the Russell 2000 and Russell 1000. Many exchange-traded funds and mutual funds are constructed to track these indexes, so official index rebalances force these funds to transact large volumes of stocks that move in or out of the index. **This drives major changes in demand for stocks, generating significant volatility**. [\[8\]](https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp) \[...\] + +*Check* [this](https://www.ftserussell.com/research-insights/russell-reconstitution/reconstitution-frequently-asked-questions) *page for frequently asked questions about the reconstruction.* + +&#x200B; + +[2021 Reconstitution calendar for the Russell US Indexes \[7\]](https://preview.redd.it/dwvv41zzhn471.jpg?width=943&format=pjpg&auto=webp&s=59d53dc221aa6deb5808f69f671b531c99d84707) + +*Today, June 11th, the mentioned preliminary lists was updated.* + +# What happens with stocks when they get added to indices? + +***Zoom Video Communications, Inc. (ZM):*** **How Zoom zoomed into the Russell 1000** [\[9\]](https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000)\[...\] After its IPO in April 2019, Zoom was evaluated for inclusion in Russell US Indexes during our June 2019 annual Russell reconstitution. The company met some Russell 1000 eligibility requirements—including a market cap in excess of $20 billion— but fell short of the minimum voting rights hurdle. \[...\] + +When Zoom eligibility was revisited in June 2020, it was a changed world in many respects—and very much a changed Zoom. The company’s market cap had more than **doubled to $46.8 billion, placing it well into Russell 1000 Index eligibility**. \[...\] + +**Zoom’s June 2020 addition to the Russell 1000 meant that it leapfrogged the Russell 2000**, bypassing the initial step of many companies that later grow to become eligible for the Russell 1000. \[...\] And since its inclusion in the Russell 1000, Zoom’s growth trajectory has continued. As shown below, as of September 30, 2020, **the company’s market cap has reached $132.5 billion** and is now larger than the broader Russell 1000 dollar-weighted median market cap. + +https://preview.redd.it/ir0jmjofzs471.png?width=619&format=png&auto=webp&s=bfaa044b083da8503cd0594292397c465617ede2 + +[ZM prices before and after Reconstruction Day 07\/29\/20](https://preview.redd.it/xtt848ej0t471.jpg?width=1920&format=pjpg&auto=webp&s=0e44c91c7546310c2b86f6e4c418f596607b1dff) + +[u\/onlyhereforthelmaos research on companies that moved from R2k to R1k \[10,11\]](https://preview.redd.it/706rlrcykp471.jpg?width=855&format=pjpg&auto=webp&s=05b120a9d84af12b1cadc38c68802ad47b23c104) + +[TSLA price when it was added to S&P 500 12\/21\/20](https://preview.redd.it/i5kkcl2v8o471.jpg?width=1920&format=pjpg&auto=webp&s=b2de67bab2cba3ecd798bce50c27e2832b42a1ec) + +. + +*(May 2020)* Tech stocks are expected to claim a greater presence in large-cap growth and value indexes, while industrials will shift to value from growth across market caps. \[...\] + +**For investors, the run-up to the rebalancing presents an opportunity to get ahead of some of the fund flows into and out of stocks that are joining or leaving the indexes.** + +[Buying and selling pressure of companies added\/ leaving the Index](https://preview.redd.it/lvyz7qob2t471.jpg?width=633&format=pjpg&auto=webp&s=a873a825572c753196ba14447a18b9c5fe03deee) + +Private-equity firm KKR (ticker: KKR), for example, has cited Russell index inclusion in 2020 as a strategic priority. **If added to the Russell 1000, KKR shares could see $644 million worth of buying pressure from exchange-traded funds and passive investors, equal to almost seven trading days of average volume for the stock**, estimates Jefferies equity strategist Steven DeSanctis. + +That is a lot of extra demand, but nowhere near what some thinly traded small-caps entering the Russell 2000 could see. DeSanctis points to ATCX, SWKH, and AUBN as among the shares that could have **hundreds of times greater buying pressure than their average daily volumes.** + +Traders and hedge funds approach the rebalancing several months before with multiple strategies. The simplest is to buy the stocks that could get a boost from buying by ETFs and other passive investors, thanks to being reclassified into a more-popular index or having their relative weight increase. **Ditto for shorting shares moving in the opposite direction**. [\[12\]](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778) + +. + +*Nobody fully knows what will happen with GME. But as* u/dlauer *states* [here](https://www.reddit.com/r/Superstonk/comments/nvnslz/have_we_downplayed_the_importance_of_gme_entering/h15susc/?context=3)*, "the announcement is usually bullish because it adds buying pressure."* + +[u\/dlauer on Russell Rebalance Day](https://preview.redd.it/l7hu03ruin471.jpg?width=712&format=pjpg&auto=webp&s=3f3957884f89ee1679388ad9bfbb05d82792e08a) + +The annual reconstitution is one of the most significant drivers of short-term shifts in supply and demand for US equities, often leading to sizable price movements and volatility in individual company names or industry sectors. **The final day of the reconstitution is typically one of the highest trading-volume days of the year in US equity markets.** + +\[...\] Similarly, it can create opportunities for investors seeking to benefit from the price moves which may be created from the reconstitution. + +**Countless ETFs, mutual funds, and managed asset programs mirror the composition of the Russell US Indexes in their investment funds, structured products, and index-based derivatives. With close to 70% of actively-managed institutional US equity assets currently benchmarked to a Russell Index, changes to index composition are apt to reverberate widely across the market.** [\[13\]](https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html) + +Index funds make up a substantial percentage of the daily trading in the stock market. The S&P 500 ETF \[...\] trade billions of dollars each day, **and every time any of the indices add or delete a stock, the funds must also buy or sell the stock. This can create some large moves for the stocks involved and can be an interesting source of volatility for traders.** + +At the close on June 25, 2021, the Russell indices will be rebalanced. \[...\] Thousands of stocks are impacted by what Russell calls its 'reconstitution.' **Typically the day on which the reconstitution is down is one of the highest volume days of the year as a slew of huge blocks are transferred to various index funds.** [\[14\]](https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149) + +. + +[Here](https://www.etfchannel.com/type/most-shorted-etfs/) *you can see the most heavily shorted ETFs. 0.44% of IWM is GME; it's #6 with 43.48% Short Interest.* [*\[15\]*](https://www.etfchannel.com/type/most-shorted-etfs/)  + +*As far as I understand, FTSE Russell shared on May 7th already that GME would move into the Russell 1000, but eversince then, we have seen posts of shorties heavily shorting some ETFs, yesterday and today.* + +. + +*Shoutout to* u/gooseears: + +I think people are confusing what can force someone to cover their shorts. No one can directly make anyone cover their shorts directly. As long as they have their margin requirements covered, they can keep those positions open. In fact, the lenders want those positions open as long as possible to make dat interest off it. + +BUT, when the ETFs rebalance and there is a load of volatility, this **COULD** cause GME to skyrocket in price due to the potential buying pressure, which **COULD** lead to margin calls which **COULD** lead to force liquidations to cover open short positions. + +Notice the word "could" each time. This is a series of possible events that could lead to the squeeze. But don't think this is a certain date. As always, no dates. Anything could happen on that day. [\[16\]](https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3) + +&#x200B; + +***TL;DR:*** + +***GME is very likely to move from the Russell 2000 to the Russell 1000 Index. Rebalancing is happening right now,*** ***the newly reconstituted indexes take effect after the market close on June 25, data will be published on Monday, June 28 when the Russell Reconstitution takes effect and the newly reconstituted indexes begin to operate.*** + +***One can not say what will happen with the GME price. Typically, index rebalancing day one of the highest volume days of the year.*** **W*****hat we do know is that someone big is going to have to buy shares, and they will likely have some impact on the trading.*** + +***~~Fun fact: As you have read in the title, T+21 and T+35 both land on the same day, two days before the Russell indices rebalance.~~*** + +. + +. + +. + +[\[1\] https://www.investopedia.com/terms/r/russell\_1000index.asp](https://www.investopedia.com/terms/r/russell_1000index.asp) + +[\[2\] https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +[\[3\] https://content.ftserussell.com/sites/default/files/ru2000\_membershiplist\_20200629.pdf](https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf) + +[\[4\] https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html](https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html) + +[\[5\] https://content.ftserussell.com/sites/default/files/russell\_microcap\_deletions\_-\_2021.pdf](https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf) + +[\[6\] https://www.investopedia.com/terms/r/russell-microcap-index.asp](https://www.investopedia.com/terms/r/russell-microcap-index.asp) + +[\[7\] https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +[\[8\] https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp](https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp) + +[\[9\] https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000](https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000) + +[\[10\] ‘Gen Z’ comes to Russell 1000 Index as Russell Rebalance nears (2019)](https://www.ftserussell.com/blogs/gen-z-comes-russell-1000-index-russell-rebalance-nears) + +[\[11\] Stocks in the Russell 1000 Index](https://stockmarketmba.com/stocksintherussell1000.php) + +[\[12\] ](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778)[https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778) + +[\[13\] https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html](https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html) + +[\[14\] https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149](https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149) + +[\[15\] https://www.etfchannel.com/type/most-shorted-etfs/](https://www.etfchannel.com/type/most-shorted-etfs/) + +[\[16\] https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer\_knows\_twothree\_things\_more\_listen\_to\_what/h1cldzw/?context=3](https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3) + +. + +. + +. + +*HERE ARE SOME GREAT FOLLOW UP LINKS:* + +[No matter what the price is, Gamestop should be upgraded to the Russell 1000 index on June 28th](https://www.reddit.com/r/Superstonk/comments/nwvyfg/no_matter_what_the_price_is_gamestop_should_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[FTSE Russell begins 33rd annual Russell US Indexes Reconstitution](https://www.ftserussell.com/press/ftse-russell-begins-33rd-annual-russell-us-indexes-reconstitution) + +[Russell 1000: Many poorly researched or purely speculative DD today about this. Here is the actual DATA and explanation of what impact the reconstitution is likely to have.](https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/) + +[S&P 500 index inclusion (follow-up to my Russell 1000 DD yesterday): A potential CATALYST that is surprisingly \*very\* close...and which SHFs are powerless to prevent!](https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Ape Andy shares about GME into Russel 1000 from Russell 2000](https://www.youtube.com/watch?v=SCxZpkfW-P8) + +\- *He explains that end of June when there is a rebalancing that all shorted Russel 200 ETFs containing GME need to be closed, meaning there will be buying pressure. Andy also mentions that the Russel 2000 ETFs are shorted 500%.* + +*.* + +. + +. + +*and... just putting this here:* [*https://www.gmefloor.com/*](https://www.gmefloor.com/) + +. + +. + +. + +*^(I am not a financial advisor. I am just compiling some information I found on the internet. But please let me give you one advice: Buckle the f\*ck up.)* + +*^(I love you.)* +I am getting married to my SO on our 6th anniversary later this year, but ever since we moved in together ~3 years ago, we have been very clear and transparent about money. I came into the relationship with 15K of student loan debt, and he carried over 100K. I made the decision, before we even moved in together, that I was going to marry this man and his burden was also mine. He was reluctant at first, I understood, but over the past 3 years we have made a commitment to each other and to paying down our debt. + +In those 3 years, starting out with modest incomes, we have paid off over 60K of his debt with the highest interest rates. There is about 7K left on my loans, which we will finish this year before tackling his last 40K. + +Today, I realized that I, myself, have a positive net worth but I never thought about it in that way - my SO and I are a unit and if we are to reach FIRE we have to do it together. + +Edit: I just wanted to thank everyone for their contribution and comments. We don't have friends who are on the same financial path as us, so it's nice to be able to share. This sub is an amazing place. + + +[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!* +Netflix $NFLX plans to spend $6B on original content in 2017, with that number substantially increasing in the coming years. + +"As we grow the membership base, we want to grow the current budget," CEO Reed Hastings said at the Code Conference. "There are so many great shows we don't have yet." + +He also commented on what he sees as the greatest competition, citing Amazon as one of the biggest threats to his business. +Good Morning Apes! + +I was pretty happy with the earnings call. + +Long term investment in growth especially with inflation on the rise is absolutely worth the hit to the EPS share number, and with the consistent growth of net sales I don't think it will take long for them to reverse this trend once they have built an infrastructure they are comfortable moving forward with. + +The growth of the inventory and diversification of products is exactly the kind of move I would expect from good management during these economic conditions. It looks like some of the c-suite are putting that e-commerce knowledge to good use and expanding product lineups to offset shortages. + +Any e-commerce company worth their salt is going to prioritize logistics, I know it doesn't sound fancy, but speed of delivery to consumer in this day in age is one of the most important capital investments GameStop can make. These systems are expensive to build and roll out but once fully operational are not only highly profitable but inexpensive to maintain. Getting this capital spent before additional increases in inflation means that they are doing something now that could cost far more in the future and inflation can increase the value of these assets. So while it's impact on EPS is daunting for now having this "priced in" in the future means the turn around to positive EPS could be rapid. + +Lastly something I wanted to address, I've seen a lot of people rambling on about Ryan Cohen not registering his shares because they do not appear in the Computershare count. + +**This is false**, Cohen's shares are registered to his holding company. + +Cohen's share buying and subsequent illiquidity is what highlighted much of the cycle I have discussed in my recent DDs. + +Finally for the people that say I'm anti-DRS, while we may not share the same viewpoints on DRS, I have never downplayed it's importance or significance. In fact I have repeatedly pointed out it's benefits and dismissed FUD surrounding it (ex. charlie's most recent rabbit hole). I have never discouraged anybody from DRS'ing their shares. Many of my audience have DRS'd some or all of their shares. But I won't actively pressure or bully anybody into doing what they don't want to do and I am **not a financial advisor**. All I can do is simply highlight the benefits. + +This clip assembled by u/BongKing69 should provide some clarity (this clip is not monetized) + +https://preview.redd.it/lv1kd7w7zi481.png?width=1271&format=png&auto=webp&s=170fceefbd519baaa255413304e71362f82ed567 + +[Options and DRS](https://youtu.be/tReNorPwDCM) + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) for a better idea on this theory. + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Pretty rough down day today, largely due to significant put volume flowing in. If they have a significant amount of exposure to cover in the next two weeks they will, as they have historically, drive the price down as low as possible before beginning to cover. This happens every time. Since they spent most of the day returning shares borrowed yesterday and buying puts it is pretty obvious this is being accomplished through bona fide market making, so we can expect the usual exposure in T+2. In the meantime this price point and lowered IV still present an excellent opportunity to pick up more before we bounce back. + +https://preview.redd.it/7itoqqj24l481.png?width=912&format=png&auto=webp&s=d34c4b06446b0b4e6aa9b8e076194d41648fc98e + +For those of you that feel the need to attack me or clip statements out of context to prove your point I do not think your actions are having the desired effect...I have never been unreasonable and have always been willing to discuss my opinions on things. I will not respond to harassments or threats. I always welcome anybody to provide evidence, or data to support their argument and am willing to consider it. I believe that educated and informed decisions are the best decisions and bullying people and attacking them because they do not share similar views or ideology is not what this community was built on. + +Thank you, + +\- Gherkinit + +https://preview.redd.it/0vlapsmh3l481.png?width=755&format=png&auto=webp&s=f63d2101fcab4a820afab3993d694d309b6f08fa + +Edit 3 1:09 + +Still holding the at the support but any notable buy pressure is being shorted back down. Max-Pain is currently at 180. Stark difference in volatility vs. September earnings. + +https://preview.redd.it/9huasoj95k481.png?width=1468&format=png&auto=webp&s=28decbb72993a0b4f4c655739e015569f03d1e9b + +Edit 2 12:03 + +Still chopping on the low support at 162.50 volume is high but price action is not reflecting that + +https://preview.redd.it/46bh71jhtj481.png?width=1468&format=png&auto=webp&s=857b79da81177955e644ba9c17099a990a28005e + +Edit 1 10:30 + +Heading for a second test of that 162.50 resistance we could potentially drop through this but buy pressure is much higher in that range. + +https://preview.redd.it/wta4bh9scj481.png?width=1480&format=png&auto=webp&s=db605263c78c1965755b594a6fd2ede6f0dc9679 + +# Pre-Market Analysis + +GME currently sitting just below the EMA 200 I expect a fairly strong bounce once some volume comes in. Historically we do not sustain dips this low for long. Remember this price point is significant especially if it holds, as this is the average bottom line for retail cost basis, is a huge opportunity to load up on shares and with the crushed IV far dated options and/or LEAPS. + +Volume: 78,420 + +Shares to Borrow: + +A significant chunk of the 1.4 million borrowed yesterday have been returned. + +IBKR - 200,000 @ 0.5% + +Fidelity - 739,628 @ 0.75% + +\* another not here to dispel some misinformation Fidelity has listed GME as hard to borrow since March this status is not a new development. + +[GME pre-market 1m](https://preview.redd.it/707hdduo0j481.png?width=1509&format=png&auto=webp&s=ba0d507b2eb183dbeb8f07dff63574296763c93c) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I apologize in advance if this isn’t eye-catching post themed. I use the same account for GME as I do for porn cause I like to see stocks and tiddies, I only post if I think it’s important. This seems very important to me... more than tiddies + +Edit: *thanks all for rewards and upvotes making this my best post ever, please head over to the [WSB VERSION](https://www.reddit.com/r/wallstreetbets/comments/mnfp07/exactly_how_to_make_sure_your_shares_arent_on/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) and spam your upvotes there too so more can see. Bot fuckery runs rampant over there* + +I went to [this corporate finance website](https://corporatefinanceinstitute.com/resources/knowledge/finance/shareholder-register/) to figure out how to register my shares for the upcoming meeting. Here’s what I found: + +*“A shareholder register is a list of all active and former owners of a company’s shares. The register includes details of shareholders, such as their name, address, the number of shares they own, class of shares held, date when they became a shareholder, and when they ceased being a shareholder.”* + +Wait, so there’s a register that shows any and everyone who’s ever owned a share in GameStop? Couldn’t we use this to figure out how much is actually owned and by who? Anyways, I read on and find this: + +*“A company’s directors are required to update the shareholder register on an ongoing basis and ensure that every current shareholder is recorded in the register. The shareholder register serves as proof of ownership in the company, and it shows the number of shareholders in each class of shares.”* + +Cool cool... next + + +*“Apart from including the personal details of each shareholder, the register may retain a record of all shares issued to individual shareholders over past years, as well as transfers of shares and the name of the shareholder who acquired the shares. The register may be maintained either by the company itself or a third-party registry service provider.”* + +Ok, now I really kinda wanna get my hands on this registry thing. How do I do that?: + +*“Since the shareholder register is a public document, third parties and other interested parties can access an updated list of a company’s shareholders at any time.”* + +NO FRIGGIN WAY, IT’S PUBLIC?!?! WHERE???? + +*“Companies are required to provide the shareholder register for free to current shareholders, while non-shareholders may be required to pay a small fee.”* + +So you’re telling me, once I find whoever owns this thing, if I ask for it they’ll tell me either + +A. “Here ya go Mr. Shareholder” + +Or + +B. “You’re not a registered shareholder, you’ll have to pay a fee” + +Well... that seems like the easiest way to find out if my shares are registered for voting, or if my broker has been lying to me. Where can I find this? + + +*“A shareholder register is accessible to shareholders and non-shareholders at any time. Shareholders may ask to gain access to the shareholder register and freely inspect any information needed.”* + +Ok , but where do I FIND it? + + +*“The company may grant such a request”* + +.... well, there it is. Guess I gotta ask GameStop for the registry. I’m definitely gonna do that. + +If anyone gets to it before me, please let me know, and you better bet your sweet ass I’m gonna tag u/rensole + +Maybe he can help + +——————————————————————— + +TL;DR: there’s a public register that shows you if your shares are registered as your own, but the best bet is to make sure you aren’t on a margin account with your broker. If you aren’t, you’ll get proxy card info through mail or email. References to checking different brokers for proxy settings at bottom of post under the last line + +——————————————————————— + +Edit: if you downvoted this after you read it, can you tell me why? That just doesn’t make any damn sense. Is it cause I said this is more important than tiddies? + +——————————————————————— + +*IMPORTANT FOLLOW UP/CRUCIAL INFO:* + +WHAT YOU NEED IS CALLED A PROXY CARD + +This proxy card has what’s called a “control number” on it that you will use to log into the [online voting system](https://www.proxyvotenow.com/pvn/defco5inn/controlI.jsp?app=gme&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;mobile=y) when it updates for the new Shareholder Meeting (that’s last years link, thank you u/camj26) + +I’ve been told that if you use Robinhood and wish to vote in the Shareholder Meeting, you MUST contact them and request a “proxy card” or “proxy vote card” or “vote by proxy card” (use those terms specifically). They file a request with their third party investor communications firm, Mediant who will then give you one and instructions on what to do with it through email when it’s available. + + +I’ve been told that if you use Fidelity’s mobile app, there’s a link for proxy called “Proxy Materials” (thanks u/childishprivito) that will show you your cards for what you can vote on and most likely allow you to vote through it + +—Info from [u/mamaremembersusenet](https://www.reddit.com/r/Superstonk/comments/mn1p30/apes_holding_gme_in_schwab_follow_link_below_to/) for how to get to proxy card on Schwab + +—Info from u/superstylin1770 and u/dyamond_hands_retard and u/bravewarriorr on how to access your Proxy Materials tab in Fidelity: Login to Fidelity.com. Select Accounts; Trade; Statements; Proxy Materials.— In fidelity you can find the proxy materials [here](https://statements.fidelity.com/ftgw/fbc/ofstatements/getProxyMaterials) — For those with Fidelity Investment App: type “proxy” into the virtual assistant and you should be provided with a link for voting when voting opens + +—Info from u/davesquared1 about CHASE: *”I called Chase today to make sure I would be able to vote (shares not loaned out) and they told me the actual ownership is listed under JP Morgan and they received a lot of these requests and they are automatically sending an info packet to everyone with GME shares that explains how and what to do to be able to vote.”* + +—From u/chaosdne: *Another position I hold has an upcoming vote on may 13th. E * TRADE sent me an email this morning which contained my control number and instructions. It’s about 5 weeks ahead of the vote. I will likely use this as when I expect to receive a similar one related to GME + +— Info from u/redditdude9753 : *For TD Ameritrade, you can access shareholder information and documents by going to My Account; Shareholder Library. I don't know how to confirm that you can vote though through the website, not sure if you have to call.* + +——————————————————————— + +By the way, I am not a financial advisor, nor am I a legal advisor and as such, none of the advice I give in this post and/or any of the responses I give in their entirety in this forum be considered financial or legal advice +> But there’s a fine line between flexibility and ambiguity, and ESG’s critics say some companies and investors are using the loosely defined term to “greenwash,” or make unrealistic or misleading claims, especially about their environmental credentials. + +> Those criticisms came into sharp focus on May 31, when German police raided the offices of asset manager DWS and its majority owner Deutsche Bank as part of a probe into allegations of greenwashing. It was the first time that an asset manager has been raided in an ESG investigation and signals a moment of reckoning for the industry. + +> It’s a “real wake-up call,” says Desiree Fixler, the former DWS executive who blew the whistle on her company for allegedly making misleading statements about ESG investing in its 2020 annual report (DWS denies wrongdoing). “I still believe in sustainable investing, but the bureaucrats and marketers took over ESG and now it’s been diluted to a state of meaninglessness,” she says. + +> On top of the allegations of greenwashing at the industry’s highest levels, there is the impact of Russia’s invasion of Ukraine, which is forcing companies, investors and governments to wrestle with developments that at times appear to pit the E, the S and the G against one another. For example, governments in Europe are reneging on environmental goals by turning to fossil fuels to reduce dependence on Russian gas, in order to fulfil ethical goals. + +[...] + +> Some people wonder whether the term still has any meaning at all. “The acronym ESG is a bit of a confused compact because it muddies at least two things,” says Ian Simm, founder and chief executive of £37bn asset manager Impax Asset Management, a pioneer in sustainable development. + +> “One is an objective assessment, around risk and opportunity. And the other is around values or ethics. And so people get themselves tied in knots because they’re not really clear about what exactly ESG investing is about.” + +https://www.ft.com/content/5ec1dfcf-eea3-42af-aea2-19d739ef8a55?segmentID=1f541d39-111d-14ea-388e-dd6869a20e01&twclid=24xy8zs8as79kuh5o8x55n5w0r +Currently, I’m in my twenties and I feel I have tons of advice I wish to give to myself when I’m younger, so I wish to ask you guys what are some advice you wish to know before turn 30. +Hello, I'm a recent graduate who has a job paying me roughly 55k a year. I'm living at home and have student loan debt of only 10k. My question is since there's been a rise in calls to cancel roughly 10k in student loan debt, by the biden administration, should I start paying off the principle or wait and see if it’ll be canceled? I have until September for interest to kick back in, and I'm wondering which would be the smartest option. +I work for a local fire department in Texas and make about 100k per year. I have 3 rentals and one primary residence. My original plan was to move every few years and rent the last house out but my wife and I planted roots as our kids got older and that plan is out now. + +I have a decent amount of equity in all my houses and have applied for a HELOC on my primary residence. ideally I take the HELOC and acquire more properties. I applied for a HELOC from Bank of America and InTouch credit union. + +Every time I apply they deny me with the reason my debt to income is to high. It seems they don't count my rental income as offsetting the mortgage. The guy at InTouch told me that it looks like I'm about 1million in debt and make 100k per year. + +I have no car loan, no credit card debt, no student loans and a credit score of 790. My wife is a stay at home mom w/ no debt also. I feel like I've hit a big road block and open to any and all suggestions. I will post my portfolio details below (all homes in DFW). + +Primary Residence: purchase price 300k, principle balance 272k, appraisal 556k, PITI 2,077.06, interest rate 3.5% + +rental #1 :Purchase price 295k, principle 272,896.49, appraisal 415k, PITI 1,837.13, Interest rate 2.99%, rent $3,340. + +rental #2 :purchase price 215k, principle 177,474.88, appraisal 450k, PITI 1,393.49, interest rate 2.75%, rent $3,100. + +rental #3 :purchase price 243k, principle 223,824.35, appraisal 350k, PITI 1,958.20, Interest rate 4.125%,rent $3,400. +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 +A big chunk of our ETF investments go towards US market. A currency fluctuation between USD and Euro (or whatever your local currency), can affect returns in a short term. + +As I understand, if Euro strengthens against USD our gains will be lower than what an American investor would have for the same assets. But currency hedged ETF would protect us from this. + +Are there any downsides of owning hedged ETFs? Maybe apart from the increased expense ratio if such is the case. + +I have 20K invested already and none are hedged ETFs. What’s your approach? +What is the cheapest EU country to incorporate a limited liability company. This includes registration fees (lawyers, notaries, government etc.) and accountant. Thanks for reading! +Good morning fellow redditors. I´ve been bugging me with the idea of starting saving some little money for being able to live if I get fired (which is unlikely but I have to be prepared). I have been working for almost a year , earning 1,3k euro each month but I haven´t been able to save a single penny as there is always someone in my family planning what to do with my earnings (which is totally understandable and justified). Money in my account is always blown up on a week (usually three days) and I literally have no time for (getting out of my house and ) making any bank operation because the offices only open at morning. I usually spend 22€/month in feeding some stray cats and charging my prepaid sim and bought a PSVita+128GB sd and a cheap ebook long time ago for not sinking into boredness in Saturday and Sunday morning (about one hour each day).I´ve tried to physically store it but my little brother is really dedicated when it comes to steal it (he´s a kid , nothing to blame) How could I save a bit of money without hurting my family feelings/economy and not feeling bad doing it (I had problems with money breaking my family before and just can´t enjoy it) given the circumstances? +Hi guys, Ive got a question. + +&#x200B; + +SOME BACKGROUND INFO + +I have finally managed to set up a bearable portion of my income to monthly investing into ETFs. Im from the Czech Republic, it is not much to invest, (around 220 EUR or 260 USD per month) but its a starting point. + +&#x200B; + +I have purchased some IWDA/EIMI combination and thinking about directing it to the VWCE as this ETF operates in EUR currency and the future path will lead Czech to be using the EUR currency as well. + +&#x200B; + +&#x200B; + +THE MAIN QUESTION: + +It is clear that an economic correction is coming our way, COVID-19 is just the trigger, though some sort of correction was coming our way anyway, I hope we can agree on that. + +With my humble 220EUR monthly contribution, would you agree it might be a better optiion just to stock the cash on the IBKR account and wait for the correction to come and then use the accumulated cash to buy ETFs? Or do you think waiting is just wasting time? + +&#x200B; + +Currently my portfolio is about 30% ETFs and about 70% cash as Ive been waiting couple of months now. + +&#x200B; + +Thank you very much +I’m hoping someone more experienced could spare some advice on my situation. I will soon have €100K which I would like to invest to grow my wealth in the long-term. I don’t own any assets currently & I’m 30. I’m based in the EU. I also will be saving around €500 / month from my net income. + +Intuitively the first course of action I am planning is to purchase an apartment so I can save on rent. I’m trying to figure out if it’s a good idea to invest the full €100K into it or pay just for downpayment and get a mortgage with the raising interest rates? If I go for the second option, then where else should I allocate the rest of money into? ETFs? + +Imagine you’re in my shoes, there’s just the €100K and nothing else to your name. You want to grow your net worth & you’re willing to commit to a long-term plan. What would you do right now? + +Wanting the increased visibility of market time posting. My original post was made last night as soon as it happened as I honestly was a bit scared by it. I think we need to have more eyes on what's going on. Flagging currently as possible DD as it's evidence of a shift in shill activity and a direct threat to apes. + +[Original Post](https://www.reddit.com/r/Superstonk/comments/mr9jyl/weird_message_accompanies_all_seeing_eye_award/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit 4: Welcome to the early morning breakfast news crew, and thanks to r/rensole for bringing attention to this. For ease of access, here is a [screenshot of original award comment](https://ibb.co/bzh8T24) + +There have been a TON of documented instances of anonymous awards being given (usually the all seeing upvote) with text in the comment with a threatening tone, from vague threats of legal actions, to specifics about DFV communication with members of the Reddit. + +There's a few conclusions that can be drawn from this. + +1. Our mods have been doing a fantastic job and have severely limited shill access to their subs, and shills are getting desperate to try to find ways to get to us. + +2. They are now spending money to have access to an unmoderated communication to try and intentionally intimidate individual apes. This is an escalation both in cost and messaging. + +3. They are utilizing methods that work outside standard sub moderation which could be more difficult to report and get eyes on quickly. + +4. They are saturating the forums with the all seeing upvote in hopes of trying to drown out what we had theorized was DFV's covert stamp of approval. + +5. This absolutely REEKS of desperation. They are running out of options FAST. + + +IF YOU HAVE RECEIVED ANY SUCH MESSAGES TIED TO AWARDS, SCREENSHOT THEM + +There's several other posts that have been made asking the same. I think a central hub of information for this feels important so we can keep people warned that this is both FUD and potentially illegal. Gather and document evidence. I don't know if it will be needed at any point, but it's the best policy to be ready just in case. + +I know it's usually uncouth, but please do what you can to increase visibility on this one. They're starting to make this personal and anyone who posts is potentially a victim of this. + +I'll include in edits any other threads that have been created that I know of on the same subject. + +Apes. Strong. Together. Fuck these guys. Just doubled my floor to 20,000,000. Don't threaten me and my family. + +Edit: formatting + +Edit 2: post from u/lordtaylorian1973 [post](https://www.reddit.com/r/Superstonk/comments/mrc6i7/i_would_like_to_gather_a_role_call_of_those_who/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit 3: just got my first awards messages on this post. [screenshot](https://ibb.co/fnnbL98) + +Edit 5: seeing quite a few comments about being worried about giving the all seeing upvote award ourselves, and worried that giving awards will look sus now. To be clear, we never had confirmation that DFV was using the ASU, and that confirmation is not really possible to get at this point. So don't worry if the cheap award is easy to give out. Just do it without sending vague threatening messages about legal consistences etc and you're fine. + +Edit 6: (not financial advice, only my own opinion) do not spend money on buying awards to counter this. If you've got some money to spare, my opinion would be that you should spend it where it'll actually hurt the HFs in large scale ways. Surely you can think of a why you might be able to do that + +Edit 7: second message for this post [screenshot](https://ibb.co/DVLVkcJ) + +Edit 8: [more](https://ibb.co/hV4PTw8) and [more](https://ibb.co/R9B0b6J) + +Edit 9: from another user [link](https://ibb.co/LpxQKjx) and [link](https://ibb.co/PTHXHWd) + +Edit 10: different user again [link](https://imgur.com/gallery/63e64yc) +I've been more of a lurker for a long while (since presqueeze wsb). I just want to say you might be thinking hey I'll sell my 1-10 shares if it fake squeezes and I'll buy back in when it drops again. My 1-10 shares won't make even a ripple in this huge 100 million+ share squeeze. But that's the thing, it's not just you, there's millions of us with under 10 shares and we're what hurts these hedgies the most. So stick to the basic buy and hodl. Next thing you know you'll have more bananas than you could ever imagine. + +*Not financial advice, just my opinion. 🚀🚀🚀🚀💎💎💎 + +Edit: just wanted to add probably not a good idea to post your positions +Six month update can be found here: + +https://www.reddit.com/r/financialindependence/comments/ayen19/my_first_six_months_of_fire/ + +TLDR: I FIREd one year ago and man, has this year gone by quickly. The plan worked and while it’s been a wonderful time I did have some surprises along the way. + +**A Brief Recap** + +I’m not using a throwaway account and my identity is easy to discover so I won’t be using any actual figures. Suffice to say I’m on the fat side of FIRE but by most definitions, it’s pretty low on the Fat scale. + +I had a 25 year career in television news in NYC. My income was higher than average but in no way close to some of the software engineers or doctors on this sub. In my six month update someone guessed my income was 200k and another person suggested it was 500-600k. I never got close to 200k and neither did my wife. + +The original plan was that my wife and I would retire at the same time but since she likes her job and can do it from anywhere, she continues to work. At any time she can decide to stop working and the plan stays the same. + +Major events in our lives that helped us FIRE started with a literal fire. In 1997 my wife’s house burned down and we were able to turn tragedy into triumph by investing the insurance money as we rebuilt the house. I have two rental properties. I’m trying to sell one at the NJ shore now but there isn’t really demand for three unit rentals. Oversized single family homes, however, are selling for ridiculous prices. + +Although frowned upon (or worse) on this sub we have owned a timeshare for 20 years and loved it while working. It’s been even better now that we can travel more. Went to Utah in April and are planning to go to Arizona in November and Colorado in January or February. In Oct. of 2020 we’re going to Hawaii. + +**Labor Day** + +This had a lot of significance for me through the years. When I was a kid it meant going back to school after spending the summer at my parent’s vacation home / rental property at the Jersey Shore. As an adult it meant that the long weekends I’d take were over and it was back to a regular schedule. Now that I live here at the Jersey Shore for six months, it means I watch all my friends do those things and I enjoy the weather, the boat, Waverunner, paddle boarding, and running on the boardwalk without any of the crowds that were here in the summer. Labor day used to be an end to something now it’s the beginning of something new as I prepare to go back to CA for six months. + +**First Year Observations** + +I wanted this year to be a test for what life will be like going forward. We wanted to watch our spending carefully and live as frugally as possible just to make sure we had everything right. I avoided big ticket items. The golf cart that came with the house we bought in CA needed to have all the batteries replaced at a cost of around $900 or we needed to buy a replacement golf cart, probably $3,500. When I was working it would have been an easy decision – buy a new one. I did nothing and will decide what to do when I return to CA next month. Since our spending was good, I’m leaning toward a new one but some big expenses are coming up. One of the air conditioning units broke at our house in CA but rather than fix it, I’m also waiting until we return in October. + +My rental in CA is going well and my excellent tenant wants to stay another year. He did ask for some big ticket items like having a retractable awning installed on the patio and replacing the curtains with blinds or shutters. I’ll probably add the awning since it will increase the property value but not the window treatments. + +The biggest surprise for me was that our eating out budget was way more than I thought it would be and not in the place I thought. I figured we’d go out to eat a lot more when we’re living in CA since we have lots more retired friends there. It turns out we just have dinner at different friend’s houses. In NJ since our kitchen is small and family and friends visit on the weekends, we’ve gone out a lot more than expected. It won’t break the budget but it was surprising. I’m surprised how much we spend at our local microbreweries but that’s where we hang out with most of our friends so it’s money well spent – and the beer rocks. + +**Lifestyle inflation** + +In my 6 month update I mentioned that I believe that some lifestyle inflation is not only inevitable, but necessary for a happy life while you pursue FIRE. My biggest lifestyle splurge was my boat. I thoroughly enjoy it and was willing to pay for that experience. Unfortunately after only four years my boat had a major engine issue that would have cost $10,000 to fix but luckily it was under warranty. Now I’m looking at new boats – we’ll see if that’s in the budget. + +**Getting FIRE Right** + +My key takeaway after a year out of work is that perfect planning and perfect execution are impossible. I split my time between the two highest tax states – that definitely wasn’t perfect planning. The good news is that you can be pretty far from perfect but still succeed. I've literally had people on this sub call me an idiot or stupid for things I’ve done. For instance I’m not an advocate of maxing 401k or IRA at the expense of not investing in a taxable account. I never maxed those accounts myself. Now that I’m retired I don’t have to worry about a 72t, I just withdraw from my taxable brokerage. I use a version of the three bucket method and was told it’s just a mind trick and doesn’t really do anything for you. That’s fine but it’s a mind trick that works for me – no need for perfection just success. + +**The Retirement Reality** + +We pinch ourselves and ask “how is this possible” on a daily basis. During the winter months we live in a gated community in southern CA with the most [stunning mountain views](https://i.imgur.com/JVlmHza.jpg) you could ask for and we live at the beach with an awesome boat and waverunner to enjoy on a daily basis in the summer months. I had [this picture](https://i.imgur.com/Tq5rPLN.jpg) hanging in my office when I was working and now this is my life. It was definitely worth it. We’re members at and play tennis where the largest non-major tennis tournament is held in Indian Wells. Here’s [Roger Federer practicing.](https://i.imgur.com/MbYxOpM.jpg) + +I was surprised that I didn’t do nearly as much hiking as I thought I would and I plan on changing that once we get back to CA. + +In my previous update I said that I’d lost 40 pounds and compete in half marathons and now triathlons. Well, I came in second place in my age group at a trail half marathon in Utah and my wife came in first in her age group at the same race. + +I had a crazy mishap at what would have been my second triathlon this summer. I got chemical burns to both my corneas from the anti-fog spray I used on my goggles. I was basically blind for two days and it took over a week for my eyesight to return to normal. I’ve already signed up to do that tri again next year, not letting anything keep me down. + +Another six months past and we have not been bored for one second. As a matter of fact, I haven’t even had time to read a book (though I am writing another one). + +We’re just taking things as they come and enjoying life. +If we're going to crowdfund things that will benefit bitcoin, we need to start thinking about where we can get the best bang for our bit. + +Seeding Universities with bitcoin (like with MIT) is absolutely the direction we should be going, not sponsoring a UFC fighter because we want to one-up Dogecoin... That's not what we should be doing. + +Here are some past and future hackathons taking place: + +http://texasbitcoinconference.com/hackathon + +http://boost.vc/hackathon/ + +http://sf.bithack.co/ + +Misc: + +http://www.angelhack.com/sponsor/ + +https://us.pycon.org/2014/sponsors/ + +https://ep2014.europython.eu/en/sponsors/sponsoring-information/ + +http://nz.pycon.org/sponsors/prospectus/ + +http://www.pyohio.org/sponsors/ + +Credit to /u/lifeboatz and /u/welikecoin for finding links. + +Edit: Added links +Just noticed the increase this morning, interest increased from 1.40% to 1.50%. + +CDs seem to have gone up as well, with a 12-month CD sitting at 1.90% APY. + +Nice to see Discover being proactive with their interest rates. +🦅 $RavenX Token!!! + +A automatic hard coded charity donation (5%) to the Binance Charity !!! + +I am not part of the team, however, I think I have just found a GEM. 💎 + +Right now it is just about to blow up, everyone's holding the coin hard and they have a big vision in this project!! 🙏🏼 + +I've been in the telegram group almost from the beginning and the community is helping each other out a lot and the team is just amazing they're working god damn hard to make this happen and theyre very trustworthy, always open and helpfull to the community. ❤️ + +Website: ravenx.finance + +Bscscan: 0x8891de345808e77228677f0efb56125db1e93a49 + +Telegram: t.me/RavenXfin + +Poocoin chart: 0x8891de345808e77228677f0efb56125db1e93a49 + +Pancakeswap V1-V2: ? + +Fair launched, audited, community owned. Contract is safe and secure. ✅ + +There's a 5% fee per transaction: 5% sent to the Binance Charity donation wallet (link the proof) , 2% distributed to holders and a 2% burn. ✅ + +DYOR, this is not investment advice. But I got in some projects that mooned well but this one I really think this is one of those rare rare rare gems, and has BIG POTENTIAL!!! ‼️✅ + +They've already donated 750k in donation to the Binance Charity and there's premium Whitebit and Reddit marketing has been paid by the team right now at the moment im writing this post... ‼️✅ + +As an investor, you should always be aware of where your money goes. Go take a look here you could realize that your investment IS changing lifes and helping the environment!!!! BULLISH 🙉 +www.binance.charity Read carefully :) + +ps. hodl and thank me later 💪🏼 +First of all, thanks for all the support in writing this DD, this will be my first so it might not be the most professional. + +# TL;DR: price target of $2.25, $3.6, $4.5, $5 (see valuation) + +Goedecker (GOED) is an e-commerce business that sells appliances and furniture in the US. A reverse merger happened in Q2 2021 which caused massive share dilution and financial misrepresentation. The legacy Goedecker acquired Appliances Connections in a deal valued at 200 million (via share dilution etc). Legacy Goedecker is not a very well managed business, making 56 million revenue in 2018 and 55 million in 2019. Appliances Connections on the other hand is the real deal, making around 300 million revenue in 2020, 540 million revenue in 2021, and currently expected 640 million revenue in 2022. [https://www.appliancesconnection.com](https://www.appliancesconnection.com) + +The best part is that the management team from appliances connection moved to the current Goedecker along with the CEO and others. They have made management changes and hired new talents. More can be viewed in ([https://investor.goedekers.com/overview/default.aspx](https://investor.goedekers.com/overview/default.aspx)) and their presentation ([https://s25.q4cdn.com/225826556/files/doc\_presentations/2022/05/GOED-Q1-2022-Investor-Presentation.pdf](https://s25.q4cdn.com/225826556/files/doc_presentations/2022/05/GOED-Q1-2022-Investor-Presentation.pdf)). Their CEO Albert Fouerti ([https://thecorporatemagazine.com/building-a-brand-albert-fouerti-business-leader/](https://thecorporatemagazine.com/building-a-brand-albert-fouerti-business-leader/)) started Appliances Connection with his brother Elie in 1999 and is now a well established, growing e-commerce furniture and appliances retailer. + +Competitors that has similar business model: Overstock, Wayfair, AJ Madison + +Competitors in appliances and furniture industry: Lowes, Ikea, Home Depot, Best Buy, Sears etc. + +&#x200B; + +# First of all lets check out their financials: + +Goedecker is a misunderstood company, with a market cap of 170 million it is not on most people (and funds) screeners, because of this it is currently severely undervalued, exacerbated by the fall in various stock indices. + +Secondly, the reverse merger happened in Q2 2021 so their combined revenue and earnings are only shown for Q3 2021, Q4 2021, and Q1 2022. This means their FY2021 revenue and earnings and not a clear representation of the business since Q1 and Q2 are 'hidden' in stock screeners. + +[https://www.sec.gov/edgar/browse/?CIK=1810140&owner=exclude](https://www.sec.gov/edgar/browse/?CIK=1810140&owner=exclude) + +According to the 10K, FY2021 revenue is at 362 million (doesn't include Q1 and Q2), likewise net income is at 7.6 million without taking the first half of the year in consideration. Then looking at the pro forma which: + +> +The following unaudited pro forma results presented below (in thousands) include the effects of the AC and AG Acquisitions as if they had been consummated as of January 1, 2020, with adjustments to give effect to pro forma events that are directly attributable to the acquisitions. + +Shows (**proforma**) FY2021 revenue is at 541 million, while net income is at 27.9 million. + +Taking pro forma into account (according to earnings call transcripts and ER [https://roic.ai/transcripts/GOED?y=2022&q=1](https://roic.ai/transcripts/GOED?y=2022&q=1)), we can interpret the revenue and earnings as: + +|in millions|Q1 2020|Q2 2020|Q3 2020|Q4 2020|Q1 2021|Q2 2021|Q3 2021|Q4 2021|Q1 2022| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Revenue|66.8|91.5|102.2|109.7|123.7|140.1|141.9|142.7|152.8| +|Net income|2.6|0.8|(3.2)|(11.4)|15.6|17.3|6.5|(11.5)|5.9| + +* I've calculated the revenue as Q3 revenue = Nine month ended proforma - six month ended proforma etc. +* Q1+Q2+Q3+Q4 = 548.4 million which doesn't add up to 541 million, this is likely variances in accounting and if anyone knows why please comment below +* The sum of FY2021 net income extracted from various 10Q pro forma accounts doesn't add up to the 27.9 million stated in the FY2021 10K. This is likely also due to accounting differences, most likely older pro forma did not take into account the loss occurred from Goedecker's side. +* The high Q1 & Q2 2021 net income is likely from tax rebates due to covid and net loss in 2020, although this is unspecified in 10-Q. +* Take the chart above with a grain of salt. However the company confirmed: + * 541 million revenue in FY2021 + * 27.9 million net income in FY2021 + * 370 million revenue in FY2020 + * \-11.2 million net loss in FY2020. (possibly used to tax harvest FY2021 Q1 and Q2 tax rebates, explaining the high numbers) +* Eitherway, take the above information only as a reference as pro forma and reverse mergers are difficult to calculate and often unaudited. +* Below are some footnotes in the FY2021 10-K which I think would help us understand some of the issues above. + +>*Income tax benefit (expense)*. We had an income tax net benefit of $4.4 million for the year ended December 31, 2021, as compared to an income tax expense of $0.7 million for the year ended December 31, 2020. As a result of the Appliances Connection Acquisition, the Company is able utilize previously derived net operating losses, as it is more likely than not that the Company will be profitable. +> +>*Net Income (Loss)*. As a result of the cumulative effect of the factors described above, we had net income of $7.7 million for the year ended December 31, 2021, which included net income of $30.6 million from Appliances Connection for the period from June 2, 2021 to December 31, 2021, as compared to a net loss of $21.6 million for the year ended December 31, 2020, an increase of $29.2 million, or 135.6%. Excluding Appliances Connection, our net loss increased by $1.4 million, or 6.3% for the year ended December 31, 2021. + +# Future Growth: + +On the Q1-2022 Earnings Call, the CEO reiterated their Q4 target that: + +>We forecast high teens to low 20 sales growth for the year compared to 2021 pro forma sales and gross margins and adjusted EBITDA margins relatively flat to our 2021 full year pro forma results, which were 23.3% and 9% respectively. + +With revenue of 152.8 million in Q1 2022, and their expectation of 16-22% revenue growth rate from 541 million (FY2021), we can extrapolate the revenue will likely fall somewhere between 620 to 660 million. + +Analysts (only 2 lol) [https://finance.yahoo.com/quote/GOED/analysis?p=GOED](https://finance.yahoo.com/quote/GOED/analysis?p=GOED) expects: + +|in millions|FY2022|FY2023| +|:-|:-|:-| +|Revenue|636 (17.6% growth)|731 (15% growth)| +|EPS est. (avg)|0.21|0.3| + +&#x200B; + +As stated in Q4 and Q1 earnings call, their quarterly fill rate is at 3.5% + +>The definition of fill rate is the percentage of customer orders you're able to meet without running out of stock at any given time. A strong fill rate is at or near 100%, meaning you're able to fulfill all of the wholesale sales you make without stockouts, backorders, or lost sales. + +Albert Fouerti in Q1 2022 Earnings call + +>Unfortunately, I mean, it's almost holding steady to what it was in the past, I would say Q4 of 2021. We're looking anywhere from about 63.5%, 63% of fill rate. We're still struggling with the same struggles that we had in the past. Hopefully, we're looking forward to the next Q2 or Q3 to get some type of relief in the supply chain. + +Albert Fouerti on Q3 2021 Earnings call + +>Our historical highs anywhere from eighty five percent to ninety percent and that's really what we're trying to get to in 2022 + +Increasing fill rate back to even 75% will increase their sales by at least 10% which is a bonus on top of their organic e-commerce appliances/furniture sales growth. + +Albert Fouerti in multiple Earnings calls + +>We continue to believe that we are well on the way to becoming a company with $1 billion in annual sales in the next few years + +# Now the juicy part... Valuation: + +*Currently trading at $1.6 (as of writing)* + +Oustanding shares = 106.4 million + +Warrants (1:1) = 92.5 million (weighted-avg exercise price of $2.3 with contractual life of 4.42yrs) + +* What warrants does is essentially give investors the right to purchase the share at the exercise price, the company will issue these share (dilution), however the company receives the cash which adds to their enterprise value + + +**Assumption 1 (Pessimistic basis):** + +$GOED trading below weighted avg $2.3 so warrant dilution is minimal. Outstanding shares remains at 106.4 million + +Net income is lower than FY2021, from 27 million --> 20 million + +20/106.4 = 0.189 EPS + +Assume expected revenue growth of 15% CAGR, PE of 12: + +**0.189\*12 = $2.27 (42% upside)** + +&#x200B; + +**Assumption 2 (bear case):** + +As supply chain crisis subsides, fill rate will return to 85%, revenue continuing to grow at 15-18%. Profit margins increase to 5-6% as freight cost etc. is reduced, revenue hits CEO's expectation of $1 billion. + +Net income = 1,000,000,000\*5.5% = 55 million + +With their current authorised 25m buyback programme (blackout period ended 2 days ago), possibility reduce share dilution from warrants slightly --> 180 shares outstanding + +EPS = 55/180 = 0.3 + +Analysts also expect 0.3 to 0.38 EPS in 2023, assuming 15 PE + +0.3\*15 = $4.5 (181% upside) + +Analysts have a price target of $5 (low) and $8 (high) + +# Catalyst: + +* Next quarterly report will display the correct TTM info (21Q3, 21Q4, 22Q1, 22Q2) which will help stock screeners. Also gain coverage +* $25 million authorised buyback plan that started 2 days ago due to blackout periods +* Rebranding happening 'in the next few weeks' according to the CEO +* Introduction in the russel 2000 (unlikely but may happen) +* General recovery of S&P + +# Risks: + +* Cost of living crisis, lowering demand for appliances/furnitures and reducing revenue and earnings +* Supply chain shock lasting (or worsening) far beyond 2023 which hurts profit margins +* Recession, interest rate rising, general market downturn +* Proforma results are unaudited and hard to say whether it's correct or not, also since it was a private company, appliances connections doesn't disclose any financial statements prior to 2019. +* Risk of warrant dilution (although cash received will go towards Enterprise Value) +* Catalysts not forming (e.g. not introduced to russel 2000), S&P doesn't recover etc. + +All in all I believe it's a good buy and my highest convictions based on its financials, decent future and large margin of safety. +I was down -18.19% with S&P 500 down -19%+ and many total market indices down -21%+. + +Although a one year time frame is nowhere near long enough to evaluate portfolio performance, 2022 was certainly an interesting 12 months. With that being said, how did you all do? I’m sure some of you understand the oil/gas industry a lot better than I do and may have some crazy 2022 gains to share! +RIght now I have all of Peter Lynch's books. I try to find a bunch of interviews by Warren Buffet. I have security analysis 2nd edition. + +Youtube channels I watch: + +Meet Kevin + +Everything Money + +Sven Carlin + +Phil Towne + +Bowtie Nation + +Jim Cramer + +Can someone recommend me other youtube channels I can check out to learn more about value investing? Thank you in advance! +Hello everyone! I’ve been interested in investing in stocks for quite some time. +I have read some of the books we all know about, however I still don’t feel quite comfortable evaluating a company. +What would you suggest? More books, online courses, videos etc. +many thanks in advance +Hello there, + +I have a question about my circle of competence. Currently, I am trying to research a new industry, however, I have a problem finding relevant information about the industry (Cable TV), and the most relevant reports I possibly found are hidden behind the $5000 price tag. Do you have any tips on how to find relevant information like relationships in that industry, workings of that industry, KPIs, Risk, possible future growth, etc.? Thanks. +# How to value a business + +* [How to think about stock ownership](https://www.reddit.com/r/ValueInvesting/comments/qpkyf2/how_to_think_about_stock_ownership/) +* [How to analyze a business qualitatively](https://www.reddit.com/r/ValueInvesting/comments/rb4km3/how_to_analyze_a_business_qualitatively/) +* [How to analyze a company quantitatively](https://www.reddit.com/r/ValueInvesting/comments/rb4km3/how_to_analyze_a_business_qualitatively/) + +I spend 99% of my time wondering is this an amazing company? And if the answer is yes, then I eye ball the price. + +I take the **Enterprise Value over Core Earnings**. For Enterprise Value, I take the Market Cap and then add all debt, excessive tax liabilities, non-reoccurring legal or acquisition fees, net pension liabilities, etc. Some people prefer to put these expenses on a schedule. For example, the Trump Tax cut gave US companies an 8 year time table to pay repatriation taxes on foreign income. You could deduct these taxes from future cash flows and discount them back to get a present value. Instead, I just add them to the company's Enterprise Value. Then I subtract any assets that I don’t believe are part of the core business, such as cash, investments, and most equity interests. It may seem counter-intuitive to add debt, but subtract cash. But think about buying a coat for $200 and then finding a $50 bill in the breast pocket when you get home. How much did you really spend for the coat? $150. + +I already talked about Core Earnings last time, but I do want to stress that you don't want to double count. Don't add a company's debt to Enterprise Value and then also deduct principal payments from future cash flows. + +Now I have a multiple to work with. My judgment about the business dictates whether I believe that multiple is headed higher, lower, or will stay about the same. **And in most cases, I have no idea.** If I believe the multiple is headed higher, then that’s what I’ll call an amazing price. Lower means it's shit price. And staying about the same means it's a fair price. I also break down companies by amazing, fair, and shit. + +||Amazing Co|Fair Co|Shit Co| +|:-|:-|:-|:-| +|Amazing Price|XX|\-|\-| +|Fair Price|X|\-|\-| +|Shit Price|\-|\-|\-| + +When you buy an **amazing company at an amazing price** you get high earnings’ growth and price multiple expansion. That’s double barreled growth. And if the earnings do not live up to your expectations, then the price can save you. That’s called a Margin of Safety. For example, GOOGL @ 20 multiple. + +If you buy an **amazing company at a fair price**, then you only get the high earnings growth. And there is less room for error. The multiple will contract if the earnings don’t pan out. But even if that happens, you may still achieve a fair return. For example, MSFT @ 30 multiple. + +I don’t believe in buying **amazing companies at a shit price**. Though can make a lot of money buying growth at any price. The problem is that if earnings do not pan out, then multiple contraction can devastate you. I will share a spreadsheet that I’ve built to help illustrate this point in a future episode. For example, AMZN @ 60 multiple. + +You can make a great return by buying **fair companies at amazing prices** and flipping them. It’s just not a game where I would have any advantage. I don’t have enough faith in my valuation ability. For example, Footlocker @ 5 multiple. + +**Shit companies are unbuyable**. You cannot get an amazing deal on a piece of shit. I think this is where a lot of value investors get themselves into trouble. They let their spreadsheets talk them into it. + +I add dividend yield to the expected earnings growth rate. Share buybacks don’t explicitly enter my valuation. I already deduct cash from EV, which implies I believe it will be put to good use. Perhaps this is the wrong way to look at it. I’m always looking to improve my process! And if a company is issuing a lot of shares, I’ve probably already dropped out anyway. + +That’s it. **I wish I had a magic formula to share, but there isn’t one.** The whole process comes down to doing your own work, thinking for yourself, and recognizing value when it slaps you right in the face. If you need 20 tabs open in Excel to determine if something is worth buying, then it’s probably not. + +'Til next time! +...and he's starting to scare me. Are there any deep value plays that are more *inflation-proof* than others? + +Warren Buffet recommends ones with (**a**) high free cash flow (not sure if he prioritizes FCFF or FCFE), (**b**) companies with pricing power on products/services, and (**c**) an ability to accommodate large dollar volume increases in business (often produced more by inflation than by real growth) with only minor additional investment of capital. + +Looking to add companies with these characteristics to my portfolio. + +Thanks for your help! +Hello fellow investors. + +Don't know if this is interesting for this sub, but I wanted to share some thoughts with you concerning the Bund market. + +I'm trying to hedge a bit my portfolio against an increase in rates. As I'm Europe and most of my value portfolio is European, and to protect it, I prefer to rest on EU market products. + +Of course, it's not only a matter of hedgeing, is also that I think this is a good opportunity. I think that rates are going to keep their increase trend, so why not to benefit from it. + + I don't want to write a very long post that nobody will read, but muy reasoning is based on three main reasons: + +-Politics: some troubles are to be expected, not only because there will be major elections in the next months (Germany this year, France next), but also because with the lift of the lockdown, I think some social troubles that has been in pause during the pandemic are going to regain momentum, therefore, populism is going to rise, increasing worries on national expending. This at national level, but there will also some conflict between the UE countries, periferics and centrals, more or less like in 2012. + +-Macro: Inflation is coming to Europe no matter why. Manufacturing cost are increasing in China, commodities are getting more expensive and stocks are low. This means that for the next 12-24 months I expect that Europe imports inflation from other countries, first because we are extremely dependent on basic products from China, and then because commodities are paid in USD. +Of course, oil is still a big issue concerning prices, but less than previous years, but we are leaving oil as main energy source to increase electricity, which is far more expensive when you consider the investments that are needed (batteries for cars, electric network, etc) + +-Micro: to start, there is a lot of people who have saved a lot of money during the last 12-14 months, they want to expend it all, increasing prices, once prices are up, they rarely go back down. On the other side, governments and low rates for corporate loans have saved lots of companies from bankruptcy thanks to the pandemic relief plans, but this is going to end soon, therefore, the rates of commercial loans are going to rise. + +Don't forget that in Europe, the banks finance the big companies as they use less corporate bonds than in US. Right now, housing market is very high almost in every EU country, I expect bank's risk managers to decide to reduce mortgage exposure to increase corporate loans as rates will get more interesting because of the increase of bankrupt risk as I've told but also because the ones that survive will have good results, and will invest because of the prices increase. + +I don't know if this is clear, but for me, there is a snowball that is starting, and a lot of accelerator factors. + +On the other side, this is Europe, I don't expect the situation will go out of control. But if the EONIA is about -0.5% right now, I expect about 1% in the next 12-24 months, 2% tops, because unemployment is high. + +Nevertheless, this is a good opportunity knowing that finding good value opportunities is hard in current market. + +I've thought about this and I decided to invest in the bond market, but as I don't like to take big risks, I'm avoiding complex short term derivatives, at least directly. Also, I wanted a liquid market to avoid market manipulation. Therefore, I'm buying a short etf on the Bund market + +There is not a lot of choices tough, but I liked this one: + +https://www.lyxoretf.fr/fr/instit/produits/etf-obligataires/lyxor-bund-daily-2x-inverse-ucits-etf-acc/fr0010869578/eur + +You can see that the reference Index is quite well built, mostly because it has a system to avoid technical breakdowns, that are quite common in these times of automatic trading (remember the oil futures market in May 2020). + +To finish my post, please enjoy this article about shorting the German Bund (and old taboo): + +https://www.bloomberg.com/news/articles/2021-05-16/a-new-era-of-short-bets-against-german-bonds-is-beginning?srnd=premium-europe + +Have a nice day +The front page is loaded with the Jon Stewart episode. I watched it. It was good. But I just finished the first part of the two part series on HBO that was released today and HOLY.SHIT. IT IS AMAZING. This was made very similarly to how The Big Short was done. Very entertaining. Educational. And it's about the Gamestop events from last January. I haven't even watched the second episode but my tits are 100% jacked from it. It's lit a fire in me that hasn't been here since maybe June. The documentary was done in a way that people who have no idea what's been going on, can get a crash course into the Gamestop bull thesis. GO WATCH IT!!!! +[https://www.propublica.org/article/chime](https://www.propublica.org/article/chime) + +Chime, a “neobank” serving about 12 million customers, has seen 920 complaints filed at the Consumer Financial Protection Bureau since April 15, 2020. People are finding their accounts suddenly closed for suspected fraud and their money inaccessible for months while they scramble to get it resolved. +https://fourpillarfreedom.com/the-trinity-study-updated-for-2018/ + +I know this isn't news but I see current posts of people citing the 4% fixed SWR over a 30 year period too much as well as scenarios of a 100% equity portfolio. +Hey folks, big news just dropped! + +RBC said over a week ago they are shifting focus to L2 solutions - which was originally slated for Q2. + +moments ago they announced the AMA this upcoming Friday with MATIC regarding L2. + +Bullish! + +[https://twitter.com/CryptoRubic/status/1359207916776157186?s=20](https://twitter.com/CryptoRubic/status/1359207916776157186?s=20) + +&#x200B; + +&#x200B; +Hi. + +I budgeted badly this last two weeks and overspent. That being said, I am out my 100$ for the week coming up, and I need to buy groceries, laundry soap, etc. Any reason I shouldn't get a payday loan? There is room in the budget next week to pay back the entire amount and not run out of cash. Especially since I will be travelling for work, so my food, etc expenses are covered. + +Suggestions for an alternative? I am too embarrassed to ask for money from parents/coworkers, so I think that option is out. +I stopped counting how often I've read this same type of story over and over again, of users wanting to become rich, turning sort of desperate or being super naive and taking out huge loans in order to buy crypto or invest into other crypto-related assets. + +Do NOT do this under any circumstances. Unless you are a millionaire doing random things on coke, taking out a loan to buy crypto means you are already far beyond spending only what you can afford. It is very likely that you will lose money or at best, if you're lucky, make peanuts. You're probably not going to be the 0,0001% exception. You'll lose your financial independence (which is ironic) and have a high chance to come out worse. + +If you need to get it out of your system, dump $50 or something on a shitcoin and you'll still get your experience of loss and regret, but not in a life-ruining fashion. Worked for me. + +Ideally you should reach a situation of positive indifference. For example, in the crab markets I pretty much stopped giving a damn. Still check my portfolio every now and then to see if there is movement. If there are big dips I watch it now and then to see if I want to invest more. If things are moving up I get a little bit more excited, but in a fun "let's see where this is going" way, not in a "so which house will I buy?" way. The key to this is the simple old saying: don't invest more than you can afford. Of course if my whole portfolio suddenly went to $0 for whatever reason, I'd be pissed and probably wouldn't want to afford a big vacation for 1-2 years, but that'd be it. + +What do you think? +Hi all + +As background I am 22. Around £18k in the bank and £2k for messing around in stocks. No debt, own my car & phone etc. Still living at mum’s. Take-home is around £1350/month. + +I’ve followed through the flow-chart and I feel as though i’ve pretty much done everything. I have about a year’s worth of a very comfortable emergency fund. I own everything that I could need. The only thing missing is not moving out / owning my own home. However I feel like that’s more of an income thing my near-minimum wage job isn’t currently going to support 😅 + +I feel lost in what to do next. I’m currently working on investing in myself to help with a career change. I just feel like all i’m doing is earning money, putting in the bank / stocks and never touching it again. It feels pointless. + +Any advice would be greatly appreciated +I’ve been going back and forth with this and I’m afraid of FOMO but at the same time I also think SCHD is enough for growth and dividends. + +What am I missing? + +Edit: thank you all for leaving your comment and I’ve read them. I guess many of you feel the same as I do. I like SCHD for growth and dividend. I don’t like to sell stocks if I don’t need to. but I think I would just take a small position of VTI in case that shit explode exponentially and sell and buy more SCHD with it or something. That’s how I have been funding my current holdings anyways from March 2020. My stocks has exploded and gave me the capital to fund the rest of my dividend paying stocks. + +Thank you +Question for all ,but mostly for people who started investing or made large purchases during the corona sales. (I opened my portfolio beginning of April 2020) + +Do you still add to the positions you opened at the time of low prices ? +If yes, how do you justify paying the price ? + +Although I know that prices are not gonna fall that low, I have really hard time justifying paying so much. + +Example: +Xom buy price 39,28 +O - 59,99 +FRT - 68,90 + +Just to name a few. + +I’m trying to DCA my positions but I haven’t added in some of my positions for a year. +Ok new to dividends in general and spent the last few years building out a growth portfolio. + +Now I want to shift into income stocks (some guaranteed dividend income to balance out my risky cannabis growth portfolio) and have got some great options from you all (thanks!) + +I jumped into ENBRIDGE and TD to start. Now I just want to slip into head down accumulating mode but I see you all investing in so many different companies at the same time. + +How do you do this ? If I have $1000 would it make more sense to have more ENB shares than less of a lot of other companies ? + +Why the massive spread of companies over less companies more shares? (Besides general diversity)? +I've just turned 22 and started a year ago investing in different things, several failures later I educated myself in cryptocurrency and the tech behind it, I firmly believe in btc and tried to explain to my stubborn dad of the idea beyond btc being an investment for the future. +Fast forward a three months from April and my dad gets around asking how crypto's working for me (I knew he knew it had dropped) therefore just asking to get a good laugh at my face. +He's a nice dad and has educated me in a lot of different things but I count the days to take him on a really nice vacation all with my Bitcoin and have the final laugh at the fact he didn't stack when he had the chance. And of all things; listened at what the newer generations are here to change for the better. + +Keep on hodling and don't let anyone even know about your holdings, it's just gonna beat you down to their level, don't give in and keep stacking :) + + +Hi all, thought I would reach out to the infinite wisdom that is reddit for some thoughts! + +I am a Sales Mgr in a UK Tech company with 5 years experience in the industry. Have a great relationship with everyone in a relatively small team; but challenges have been that the product is still trying to find its own in the market. My boss (who is now leaving) and I have been working to change this since 2018. + +As the Head of Sales is a friend as well as a colleague, he confided in me that he received an offer elsewhere - bigger pay, bigger responsibility & better product - a competitor essentially; and will be jumping ship. No one else knows yet. + +I am coming up to the 2 year mark in a few months, and unless sales really start picking up, I too was considering exploring other options. My aim was to reach the 2 year mark for CV reasons as don't want to be seen as job hopping. + +As the team is small, I would be the obvious next in line for the Head role, but there are a few scenarios here: + +\*They might not think I have the experience and hire someone else. + +\*They might offer me the role, but try and negotiate on the salary/bonus side, due to less experience. (again, I know how much the Head of Sales is currently earning exacty -they don't know I know...) + +\*They might try and retain me by increasing pay in current position, but not giving me the role. + +\*They get someone else in and tell me to suck it(!) + +Qs. + +Has anyone been in a similar position before? + +What would your advice be on how to play this to make the best of the opportunity? + +Much appreciated guys and thanks for the support. +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. +I’m currently inspecting rental properties in Melbourne and I’ve received follow up calls for the last two inspections. + +Both times, the real estate agents have wanted to know if I was still interested and to let me know that if price is an issue I can put in a lower offer. + +I’ve been in the rental market 4 times in the past 6 years, inspecting many properties each time, and this has never happened to me before. + +Anyone else having a similar experience? Has anyone in Melbourne secured a lease well below advertised price (and if so, by how much)? +This doesn’t seem right to me. I don’t think that they have the same values. +I’m in Aust Ethical and would seriously consider changing to another fund if the Christians get any say in investment strategy or how things are run. + +Edit: received email from Aust Ethical - part of it states that their charter, investment aims and cultural beliefs will not change. +More that they are basically taking the customers from Christian Super as that fund will be dissolved. +Then as per Australian law those people will be free to keep investing or find another fund of their own choosing. + +So assuming that all happens as stated, I’ve no reason to worry +The White House has signalled that it will support the last minute amendment by Warner, Portman, Sinema over the plan proposed by Toomey Wyden Lummis + +The former plan is even more disastrous than the original text without amendment + +It heavily regulates crypto tech and stifles innovation, industry, and jobs in the US. In fact it makes out an node reporting exception just for proof of work chains, excluding proof of stake. + +While the Wyden Lummis plan promotes innovation and technology and financial freedom and human rights. But the White House is over ruling this + +This is a complete joke. 70 and 80 year old Dinosaurs who have no idea about crypto are squashing the entire industry for laughs and gags while being sponsored by banks. + +Edit: The Warner Portman Amendment against Proof of Stake even harms Lightning Network, imposing harsh reporting requirements. BTC Maxis were lobbying hard against Proof of stake and begging their legislators to take steps against PoS chains. The new classification does exactly that but sticks a dagger into LN as well. A tale of trying to harm others coming back to stab you in the back.. within 24 Hours! BTC Maxis are really THIS dumb. They have zero vision to see past their limited point of views, and are actively taking steps to damage the entire space, oblivious to the fact that the flame they fan will land on their own homes + +White House and Congress fighting over Proof of Work vs Proof of Stake. While they are living example of Proof of Mistake + +Edit 2 : + +Many crypto law experts are claiming they did not see the 2nd Amendment coming in at all, and it seems to have shocked them. Its baffling who is behind this last minute distiction between proof of work vs proof of stake, and why such text is being inserted into an Infrastructure Bill. Easy to see imo...who wins from doing this..? Both [Warner](https://www.opensecrets.org/members-of-congress/mark-warner/summary?cid=N00002097&__cf_chl_captcha_tk__=pmd_d81b008ac0241993d385e318e9a9dc480742f027-1628221811-0-gqNtZGzNAzijcnBszQj6) & [Portman](https://www.opensecrets.org/members-of-congress/rob-portman/summary?cid=N00003682&cycle=2020&type=I) are, as expected, funded by big banks and investment institutions. Portman is funded by BlackRock, American Financial Group, other archaic institutions that derive great benefit from over regulating DeFi/Proof of stake networks. Warner is funded by Goldman Sachs. By making DeFi hard to access for end users, these institutions get to keep their close sources legacy financial system that oppresses its participants and funnels wealth to those at the top. + +Sen. Portman is even retiring next month. His absolute last act as a Senator is to attempt to kill innovation in finance, kill individual freedom , and instead enslave people to behemoth corporations. These are the dinosaurs that the country deserves? Why are these people who have zero stake in tomorrow writing laws that will harm millions of tomorrow's kids and prevent them from accessing an open and inclusive financial system? +The Celsius news blocking regular Americans investors is terrible, but not surprising you could sense they were tightening the screws because allowing common folk to earn 7% on stables vs the 0.3% they get in banks is soooo risky. + +Common folk can however invest happily, all their savings into IPOs like Didi... + +[Which is down a whopping 84&#37; from its IPO](https://preview.redd.it/zwuk6drnz4t81.jpg?width=2212&format=pjpg&auto=webp&s=6cc8ae8a4fcc3b092caacb0f0efad779a7611ec9) + +The IPO which SEC's anti-poor hitman Gary Gensler approved... + +You see, as long as you lose money, its all fun and games. + +But when the average guys finds a way to make just a little more than what the government allows them to make, they have to be shut down using the entire force of the regulatoooors who want to protect you from earning more than what banks allow you. + +The 7% rate offered by Celsius or Blockfi isnt even inflation beating, in the era of > 8% CPI. But you cant earn that unless you are accredited. +Hi all. I'm interested in planning a solo trip to Antartica in the next 3-5 years. Its been a lifelong dream of mine. Does anyone have any recommended tour companies they used? I'm looking to go all out on the trip. When I search I see many tour groups but am unsure in the difference in quality between each. +I’ve looked at the past threads on surrogacy on this sub and they’ve been informative but it seems like there’s a lot of risk with picking the right surrogate/state/legal/money stuff. + +I’m wondering if there’s some sort of high-end “surrogacy advisory firm” that has good a track record of finding good surrogates, setting up contracts/payments, and advising all involved parties through the process. + +My partner and I are looking to have a child but for various reasons will need a surrogate. We don’t want to deal with more headaches than strictly necessary and are willing and able to pay for it. +I inherited this tenant who pays 780 a month for a 4 1/2 its an old lady (retired accountant now on welfare) and her 17-year-old daughter, their dog, and 2 cats. She has always been quite never really asked for anything. 2 years later, this year i got a complaint that she has left 6 garbage bags to rot on the communal front porch for a week. i get there maggots pouring out, i came prepared and bagged it up in contractor bags and washed the area with bleach. not sure if i could of finned her for this? + +&#x200B; + +i do a walk though, decent inside needs some fresh paint, some drywall to fix too. Back porch more garbage...yellow cat litter with shit on my brand new fiberglass balconies i changed the year prior. the back yard overgrown with weeds 2 ft high and dog shit everywhere. In the lease, it says she is responsible for her dog shit and maintenance of the backyard. had to rip out 6 contractor bags of weeds and dog shit, then pour round-up everywhere. + +&#x200B; + +Kicking out a tenant here is near impossible if they are paying is the problem. pretty much need to be 21 days late and not pay before the court date 3 months later. if she was evicted i could probably rent her place 800 a month, but i could also end up with a tenant who doesn't pay or is really demanding (this is a C area, with mediocre rent prices), and i finally have 3 rentals with people paying each month. if i do evict as shes on welfare i won't get anything suing her so i'll lose out on 3-month rent. + +&#x200B; + +the dog shit has been an issue from the beginning, she just lets her golden out and doesn't pick up (which is why i modified the lease), garbage is a first-time offense. + +what would you do? +Let's say hypothetically you found out you had no choice but to work until you were 65 for some reason (healthcare maybe?). Would you still value the money you've been saving at all? + +I wouldn't. I view my savings as some abstract pile of money whose only use is to eventually free me from work. If that possibility were taken away, then 70% of my salary would be completely worthless to me since all of my needs and wants are met by the first 30%. Is this a common way of thinking among the frugal/FIRE crowd? +Let this be a (short) rant/brag/cautionary tale + +I have been wheeling / selling puts / selling calls and delta-balanced naked calls for a while now. Only a couple of months ago did I start looking into these new, interesting stocks and started selling puts on them + +Oh my! What a success! 50% up in November alone! Sure I can not only replicate this, but *get in deeper and push my maintenance margin to its limit*, correct? + +So yeah, I sold a lot of puts on $JMIA, $PLTR, $NIO, $WKHS, $HYLN you name it. Yesterday was the beginning of the end, today I got mostly wiped. Not really *wiped wiped* since I did keep a (healthier) 10% profit from what I got in November. + +So I get the learnings I get from this that will surely go into my trading diary are + +1) Don't necessarily forget about meme stocks, but approach them with extreme caution, as one would a hungry and maltreated puppy. There is indeed money to be made there, but timing and sizing is everything if you want to keep your wits. Trade small, get out and reevaluate often, keep an eye on the general picture and don't ignore the warnings and only pay heed to the "to the moon"ers. + +2) Pushing the maintenance margin was likely the stupidest thing I could have done. Even if I did believe in a prompt rebound (I don't), I didn't have time -- I would have been liquidated today at close, or even earlier. + +3) Diversify, diversify, diversify. Most of the punching I got were from overpriced EV stocks. + +4) All the above having been said, DON'T PANIC! I knew yesterday already that I was down for a pounding today, and the UPS news on $WKHS just made it way worse. I knew I had to exit positions today. But DON'T PANIC EXIT AT MARKET OPEN! If I had done that I would have been crushed by the volatility and the 10% I kept would have easily been a 15% loss overall. Admittedly I could have rescued a bit more profit had I waited a further half hour, as I sadly didn't catch the $NIO rebound. Oh well + +&#x200B; + +TL;DR - got greedy playing with meme stock options, had a massive 50% up in November, got crushed today, luckily managed to rescue and be up 10% overall. Also, LEARNED A FUCKTON from this +Now I understand this is just showing that and when the person on the other end exercises it will reflect the premium and this loss won’t be there. But at what price will I end up buying the shares? And for how much? Super confused about this. +**Edit**: Rolling out a new update for android. It should fix the CB and Date Issue + +**Important:** + +* The app had a bug where the stock ticker and page would not match in certain conditions tried it out while testing the app with the new features. +* As this is a bug which has to be critically fixed I launched an update to fix it including some suggestions +* Could not do all the suggestions because I had to first fix the bug. + +**ANDROID USERS** should update their app. Delete the trades only if already closed it and re-enter them if they want to use the Assignment/Exercise and Individual Cost Basis feature + +**IOS USERS** will get this updated app on the AppStore mostly in a week + +**New** **Features**: + +* Fixed a bug where sometimes Trade Log selections did not match to the ticker symbol +* Added Individual Cost-Basis for each trade ([kale\_boriak](https://www.reddit.com/user/kale_boriak/)) ([Messiah1934](https://www.reddit.com/user/Messiah1934/)) +* Added Assignments/Exercise status +* other subtle small improvements like change in the main page label and the whole company name will be displayed ([reditdiditdoneit](https://www.reddit.com/user/reditdiditdoneit/)) + +Android Link: + +1. [https://play.google.com/store/apps/details?id=com.gmail.essentialadityapandey.wheelgang](https://play.google.com/store/apps/details?id=com.gmail.essentialadityapandey.wheelgang) + +IOS Link: + +1. IOS app coming soon! + +WheelGang helps beginner traders log their trades without fancy excel sheets. + +The main demographic for the app are beginner traders who are just starting out and do not have dedicated tracking software or a detailed excel sheet + +Features: + +1. Clean, easy-to-use interface +2. Calculates Cost Basis using real-time stock price +3. Dashboard with a realized profit, win rate, win-loss ratio, average win/loss and charts for visualization +4. Trade Log to keep track of all your trades +5. Stock Quotes lookup with chart +6. Options Chain Lookup + +Screenshots: + +1. [https://imgur.com/a/2aygT3Q](https://imgur.com/a/2aygT3Q) + +If you decide to check it out please let me know if you find any bugs or want to add an extra feature. + +If you like the app I would love it if you leave a positive review and recommend it to your friends + +Might introduce ads in the future if I get a decent userbase to keep up with costs +https://www.cnbc.com/2019/11/29/warren-buffetts-latest-attempt-to-put-his-cash-to-work-is-thwarted.html + +Tech Data says it has agreed to be bought by private-equity firm Apollo Global Management for $145 a share, which values the tech +company at about $5.14 billion, excluding debt. + +The deal was sweetened from Apollo’s previous bid of $130 a share, or just over $4.77 billion, after an unnamed suitor topped Apollo’s original offer. + +The undisclosed competing suitor was none other than Berkshire Hathaway, CNBC has learned exclusively. +I have played around with iota wallet there were a lot of bugs and I was curious if I was doing something wrong. my following post was deleted: + +" +IOTA wallets just feels buggy to me. Am I doing something wrong? + + +I have just started experimenting with it and it just feels buggy and broken. I tried to get some iota from a faucet and it was a horrendous process. It didn't show up in my android wallet. After some time, multiple of them showing up. And then there is a 0 iota transaction pending. I tried sending some to my mac wallet. It's still pending and I don't get it. +I want to invest but don't know if I will given the circumstances." + +so what is up with these unhelpful people? do you invest in iota? + +EDIT: After it blew up /u/eragmus retreived it back. It was said to be a "filter" but I received no automated messages whatsoever and /u/eragmus is accusing me of not being able to use reddit. +We saw crypto coins like Ripple, IOTA, and Cardano hit the top with amazing increases that could make any rich. There's lots more like EOS and NEO that's also rising quickly. What do you think is the next coin to hit the top? Can something that's worth pennies be worth a whole dollar next day? What's the next big thing that you'll be investing on? +Elon Musk has denied having an affair with Nicole Shanahan, the wife of Google's co-founder, Sergey Brin. + +Over the weekend, the Wall Street Journal reported that Musk — a longtime friend of Brin's — had a brief relationship with Shanahan in December 2021 while she and Brin were separated but still living together. The publication cited unnamed people close to the matter."I work crazy hours, so there just isn't much time for shenanigans," the Tesla (TSLA) boss said in a Monday tweet."None of the key people involved in these alleged wrongdoings were even interviewed!," he added. + +Yeah, the character assassination attacks have reached a new level this year, but the articles are all nothing-burgers. + +I work crazy hours, so there just isn't much time for shenanigans. + +None of the key people involved in these alleged wrongdoings were even interviewed! + +— Elon Musk (@elonmusk) July 25, 2022 + +In an earlier tweet, Musk, the world's richest man, described the report as "total BS" and said he and Brin were still friends -- and had attended a party together the night before."I've only seen Nicole twice in three years, both times with many other people around. Nothing romantic," he added. + +https://preview.redd.it/47tk5nodypd91.png?width=600&format=png&auto=webp&s=5dd0363923adfe03d3829b6f34b15aba29a45883 + +Source: [https://edition.cnn.com/2022/07/25/media/elon-musk-affair-sergey-brin-wife-nicole-shanahan/index.html](https://edition.cnn.com/2022/07/25/media/elon-musk-affair-sergey-brin-wife-nicole-shanahan/index.html) + +**Elon Musk has dismissed claims that he had an affair with the Google co-founder Sergey Brin’s wife. He called it ‘total bs’.** + +**Do you think these personal attacks on Musk could affect how TSLA trades?** +Hi all, + +I work for a large International IT company and was enrolled in their pension scheme when I joined 5 years ago. + +I have just received my annual letter with projections of what I could get when I retire and to be honest (not sure what I was expecting) its a bit depressing. + +as it stands I could retire at 65 (i\`m now 44) and get either a windfall of 13k and £148 per month or no windfall and £198 per month. How could you live on that? even retired currently I spend around £1500 on all the bills and the rest goes on the monthly food/toiletries/petrol etc. + +I have no savings to speak of and at the moment the best way I can describe us is just surviving pay day to pay day. + +does this get topped up by state pension as well? or are there other things your entitled to once you retire. Sorry if its a basic question I dont really know how it all works + +Thanks +https://7news.com.au/news/lotto/top-lotto-winning-suburbs-revealed-did-yours-make-the-list--c-4952606 + +I've often wondered what lotto winners have on the economy. I understand as a whole every week everyone looses an amount to enter. (isn't the same smashed avo on toast theory at play here). + +But also someone is winning life changing amounts weekly. Isn't 1.3B a year enough to move the housing market for example as there are only a small (tens of thousands) amount of transactions made a year? +After going on a major shopping spree today I felt really guilty for splurging on myself. + +I grew up the oldest of 6 kids. Mom and dad were refugees who never made more than $14/hr. We were never hungry but we went without and I didn't realize how poor we were until later on in life. To me, that's just the way it was. I never wanted things, asked for gifts or even dreamt about designer clothing or extravagant stuff bc it just wasn't part of our life. I had never eaten at an Applebee's until senior year in high school. + +I remember one year in fourth grade my elementary school had a program called "Food for Thought". You would attend an hour of after school session where you'd do extra readings and assignments. For each hour you attended, you'd get a credit that would go towards a large paper bag of food. After a week or two (I can't remember), I went home with a large paper bag of food (right around the holidays) filled with cereals, dry snacks and oatmeal. I was so proud of myself for being able to contribute to my household. I still remember the look on my mom's face as she opened the bag. I could tell she was so happy and it was in that moment that I realized I could provide for my family using my brains. I could come home with a bag of food every week just for an extra hour after school? Sign me up! I went back to school the next day and told all my friends. And you know how that went - they made fun of me and called me a beggar for accepting free food. Mind you, most of them were just as poor as my family. I was made to feel so ashamed I never went back to this after school program. It was also then that I made the decision to never accept handouts no matter how poor or needing I was. + +Flash forward to my high school years. I was so happy when I turned 15 bc it meant I could start working. I would walk to numerous job interviews in my cheap blazer and dress in the summer time for a chance to earn my own money. I never asked my parents to take me because they were always working or too tired from working. At one point in high school I managed to juggle a full load with AP classes and two part time jobs. Luckily it was a small town and both of my bosses knew each other and were very accommodating about my work schedule and did all they could to make it work. My junior year in high school, my mom put up a Christmas tree (we only did it every so years) but we didn't have any presents to put underneath. Us kids were just so excited to have a tree up we didn't even care that there weren't presents. One day, our better off cousins came over and asked where the presents were. My mom must have felt embarrassed so that night she suggested that we wrap up empty boxes to put under the tree. I was even more embarrassed to do this but it made my mom feel better so I went along with it. Come Christmas morning, it was just another day and we woke up and went about our way. Christmas was never a special day- my mom had long stopped accepting gifts from charities once my brothers and I grew up. So as we got older, Christmas slowly faded and that's just the way it was. + +Right after high school, I got married and started working full time. It was the first time in my life that I ever had that much money to myself. It wasn't much, but it was mine. The first thing I did that year was spoil my brothers. Come Christmas time I bought them each a shirt and wrapped them as nicely as I could. I would bring the presents over two weeks before Christmas and my gifts would be the only ones under the tree. They were so excited about having gifts and couldn't wait to open them. Christmas mornings during those years was one of the happiest moments in my life. The joy of watching my kid brothers open their present (usually a $20 t shirt) made me beam with pride and almost want to cry. We never had a proper Christmas growing up so I made sure that going forward we would. They were younger than me and didn't start working until later so I never got gifts in those years. I never really did get gifts as a child and even to this day it makes me uncomfortable when people spend money on me, even my better off friends. This is something I am still trying to work on and be more comfortable with. + +Anyway...today my 3 out of 5 brothers are doing well financially and I have a good paying job that I got right out of college. We don't worry about not having presents or going without. In fact, sometimes I feel like we all don't respect our money and as soon as it comes in, we splurge and the money is gone. It is something I am conscious of and working to fix. I recently heard the phrase "poor person mentality" and that fits me to a tee. I never knew I behaved in that way and I understand that if I ever want to get out of this poor cycle I need to change my mentality on money. I'm not poor anymore but I still feel like I am bc I'm not making good money decisions. + +Reading this subreddit has helped me enormously and I am just passing by to share my story. + + + +UPDATE: (In response to your questions) + +My parents are doing better today. They still don't make more than $14/hr each but they also don't have to support 6 young children. They own their own home, cars are paid off and they take the occasional vacations to go visit family. They live within their means and are generous. My mom helped found a community service group and is very active and involved with it. She's a great role model for my siblings and I. She's never had much, but she was willing to give you everything. My dad is retiring in five years and he's found his own hobbies to keep him occupied now that the kids are grown. He's a quiet man and never says much except for the occasional motivational talk with us. My parents did their best with us. + +Like I said above, we were never hungry growing up. They fed us first above all else and we cut back in other areas. I never knew how poor we were until later in life. It was just the way we grew up- that's how life had always been and it was all we ever knew. We each got one pair of shoes every year for back to school and it had to last the ENTIRE year. As a kid, I never knew that other kids got more than one pair of shoes and I never noticed what other kids had. I had a happy childhood. My family was very loving and we had a large extended family. When everyone else around you is in your boat, you don't know any different. How could I, as a child, dream of owning a Chanel purse if I had never seen one? + +The dream wasn't to own fancy cars or expensive purses or go on exotic vacations. The dream was to grow up and get a good job so mom and dad wouldn’t have to worry so much about us. + +So, we didn't have as much as other kids but we did have a lot of love, encouragement and hope. + +EDIT UPDATE #2: +Thanks everyone for all your kind messages and words of support. I'm frankly overwhelmed by the number of people who have commented and shared their story and those who have sent me private messages about their struggles. I am no expert and can offer no profound wisdom in this area but I'm happy to listen to your stories. I wrote this post right before bed just to get it off my chest and I totally forgot about it until the next afternoon. I was sitting at work holding back tears reading your replies. Thank you Reddit for warming my heart and reminding me of how great humanity is. + +PS I'm a woman. +Throwaway FI lurker. + +Just turned 40, married sole income earner with 3 kids under 10. + +I have ~$7.5m net worth with ~$2m in cash, $2m in 401k / IRA (60% allocated) , $1m in rental property, $1m in home equity, $1m in income producing company stock. + +I live in an expensive part of the country with kids in public schools that I don't want to displace, mortgage is <$1m. + +I have been working at a fever pace since I graduated high school, fought up to CEO role at an important regional business. + +I am exhausted after work every day and it's getting harder to deal with family needs after work, let alone any sort of hobbies or interests. + +As CEO weekends aren't off limits for work, and I usually wind up answering time critical emails throughout, take calls in the middle of weekend family activities. + +In moments of peace when I look at my balance sheet I don't understand why I keep pushing so hard. + +Part of it is disbelief that I could completely my nest egg into the market, and expect the return profile that most in the FI community can find their way too. + +Part of it is realizing that as far as I've come, in the next 10 years I could probably 2 - 3x my NW by staying focused and in the fight - lots of my contemporaries talk about building "generational" wealth as a badge of honor to keep up the hours. + +I have worked jobs ranging from hard physical labor on up, and I am extremely grateful for my position, but trying to understand a path forward. + +I respect the hell out of the FI community, welcome your comments. + +EDIT - I am humbled by the amount of time the FI community has put into your thoughtful responses, THANK YOU. Some true eye openers, I'm going to ingest and maybe post a follow-up with some additional pointed questions. +I try to stay on top of this, but I've lost track. Is there something other than the low oil price that is causing the recent drops? The Fed raised rates based in large part on the position that the economy is good and improving. + +Is this just a typical, but larger, correction? + +If this is just the oil issue, why is this causing such an uproar when it hasn't in the past? I know that many companies' financials rely on a high oil price, but many dont (or are the opposite). If this is a consumer price scare (because of the drop in oil), I thought that was usually priced in to the fear around dropping consumer prices? + +que pasa? + + + +The disruption is great, and I really can't wait to see most of it. Few things however, would make me happier than seeing a competitor who wipes out ticketmaster. Just offering this up as an idea for anyone looking for a project. I am sure you have a market. No one likes ticketmaster. +Extra details: it is from a parent, not a spouse + +The company paying out keeps dodging any questions on how much it is. They’re asking me to fill out an annuity form for payout, which has a space for a number, but it’s blank. I’m not sure if I want to do a lump sum payout or take the 5 year payout and I don’t know how I’m supposed to make this decision without a number, but they won’t give me one. Is this normal? +It was one of the high-points of the Bear Market of 2018 and one that made me glad to be in the Crypto Space, where it seems like you don't need to be a ruthless sociopath to get rich. + +Pine, as she goes by, earned so much money she was "past the point of satiety" and decided to donate the rest. In total, she donated 5,104 BTC worth $55,000,000, + +http://pineapplefund.org/ + +She scoured the web and took suggestions, donating thousands to millions of dollars to verified charities. + +These are the kinds of people we should hold up with praise. I have absolutely no beef with rich or the super rich, but I do think if you earn so much money you can't possibly spend it, you are a special kind of asshole if you don't at least engage in some philanthropy to re-distribute your abundance of wealth. + +EDIT: It's a GURL. +DOUBLE EDIT: In true reddit fashion, lots of squabbling over whether Pine is male or female. **WHO CARES**. It doesn't matter. Pine donated $55,000,000. +Hey everyone, just something that's been on my mind lately. + +Lockdown has hit pretty hard here. Store's are open now, but e.g. all indoor sports facilities are still closed. + +During these months, I'm just really happy to have ETH as a hobby. + +I like to read about it, check Twitter, watch some videos, and of course debate here and on /r/ethfinance. + +It's just such a great way to learn interesting matter, and spend some time during these months indoors. + +Just a shout out and a thank you, that's all! + +PS. ETH to 3k, right?! + + +Cryptocurrency pioneer Justin Sun bid a record US$4.57 million to have lunch with Warren Buffett, who famously referred to Bitcoin as “probably rat poison squared.” + +Oh, to be a fly on the wall. + +Sun launched Tronix, also known as Tron or TRX token, in 2017. It’s valued at US$2.56 billion and is the 10th largest cryptocurrency in the world, according to data provider CoinMarketCap.com. The 28-year-old Chinese entrepreneur said he hopes to educate the Oracle of Omaha on cryptocurrency and the underlying technology, called blockchain. + +“It is very common in investment circles that people will change their minds,” Sun said in a telephone interview. “Investment opportunities are best when lots of people are underestimating the technology.” + +Buffett and his longtime business partner Charles Munger have criticized cryptocurrencies in the past. The 95-year-old Munger called Bitcoin a “noxious poison.” Buffett, who says there’s no value being produced from the asset, at least gave a nod to blockchain technology as “important” in an interview with CNBC earlier this year.   + +“Even one of the most successful investors of all times can sometimes miss a coming wave,” Sun wrote in an open letter to the crypto community. “Buffett has admitted he overpaid for big investment food giant Kraft Heinz Co., while failing to realize the potential of the likes of Amazon.com Inc.; Alphabet, the parent of Google; and even Apple.” + +**Glide Charity** + +The annual auction raises money for San Francisco-based charity Glide, which Buffett’s late wife Susan supported. More than US$30 million has been raised over the years, as bid amounts have climbed. Glide provides meals for the city’s homeless, offers support to domestic violence victims, and helps people find shelter. + +Previous auction winners have included Greenlight Capital’s David Einhorn, who was the highest bidder in 2003. Ted Weschler won two auctions and was later hired by Buffett’s Berkshire Hathaway Inc. (BRKa.N) as an investing deputy. This year’s bid was about 38% higher than the winning bid in 2018. + +Sun previously founded Peiwo, a Snapchat-like app for China with millions of users. He then started the token popularly known as Tron by using much of Ethereum’s computer code and parts of other startups’ white papers to write his own. + +He bought the popular software file-sharing application BitTorrent for US$120 million last year. Demand for the coin surged when Sun announced the BTT token, able to run on both Tron and BitTorrent networks. On May 30, BitTorrent announced it will let users store files across a distributed network of computers using BTT. + +Tron, meanwhile, has attracted scores of gaming and gambling applications. Earlier this year, Tron bought app store CoinPlay. + +The bidding war for the lunch started May 26. It heated up early in the week and fell fairly quiet heading into the final day of the auction when a handful of bids came in that exceeded US$4 million. + +Although he’s deep into crypto, Sun said he trades traditional stocks and reads annual reports of technology companies. He hopes to learn more about Buffett’s value-investment strategy at the luncheon. + +The time and place of the luncheon has yet to be determined, according to Sun. It’s typically held at the Smith & Wollensky steakhouse in New York. + +Sun, who can invite as many as seven people to join him, said he’ll choose among his most-persuasive friends as well as the most influential people in the crypto community as it’s likely to be a tough sell to get the 88-year-old billionaire investor to change his mind. + +“Cryptocurrencies will come to bad endings,” Buffett said in 2018 at his annual shareholder meeting. + +[https://www.bnnbloomberg.ca/crypto-pioneer-pays-us-4-57m-for-lunch-with-warren-buffett-1.1267813](https://www.bnnbloomberg.ca/crypto-pioneer-pays-us-4-57m-for-lunch-with-warren-buffett-1.1267813) + P2E is getting more mainstream by the day, and the number of daily users is growing. Gaming NFTs, as some have predicted, will pave the way for adoption in other economic industries. There will soon be a digital identity for everything you own. Even Reddit’s co-founder shared in this [article](https://www.gamespot.com/articles/reddit-co-founder-says-play-to-earn-crypto-games-will-be-90-of-gaming-market-in-5-years/1100-6499700/?utm_source=reddit.com&utm_source=reddit.com) that he believes that P2Es will be 90% of the gaming market after 5 years. The variety of P2Es presently accessible is astounding, with plenty of options for those who enjoy conventional games. Or perhaps leverage on gaming guilds that provide smooth entry to existing games. +With the numerous advantages to play to earn games, do you think it could be an active source of income or just a side hustle? Given the several statistics I've seen, saying that the worldwide gaming industry will be worth $268 billion by 2025. +IMO, play to earn games can be hard to get into given the initial investment cost but that's where scholarships come into play. Also**,** without a doubt, NFT games are a good source of revenue, but I don't believe anyone can make NFT games their major source of income unless they have put a large amount of money in them. I've played a lot of games on many platforms, like [Metamon Island of Raca](https://metamon.radiocaca.com/), and [Axie Infinity](https://axieinfinity.com/) which is on the ETH Blockchain and I'm looking forward to learning more about [Metagear](https://metagear.game/?r=1). These new technological developments in the gaming industry are the best thing that has ever happened. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +With more of us working from home it's worth remembering the government gives tax back for things you needed to buy for working from home up to £2,500 (can also claim back up to 4 years). This only applies where your employer hasn't paid / paid you back for it. Could include laptop, monitor, desk etc, could also include additional gas and electricity. + +https://www.gov.uk/guidance/claim-income-tax-relief-for-your-employment-expenses-p87 + +Edit: Also came across a MoneySavingExpert post on it which may contain useful information: + +https://blog.moneysavingexpert.com/2020/04/martin-lewis--working-from-home-due-to-coronavirus--claim-p6-wk-/ +Typed on mobile. + +Somewhere in this sub I read about DCA'ing top ten coins outperformed trying to find the next moonshot over the long term. SOL was a top ten coin at some point in time . So I decided time to expand my portfolio and buy some SOL. + + +At first it was quite nice, the concentrated liquidity pools (Whirlpools) on the Orca DEX was really nice and I was making sweet returns (provided I monitored the price range closely) + +Then came many network issues (down times). Orca didn't work because the SOL network was down. My whirlpool fell below my liquidity range due to the price drop and I lost because I couldn't pull out my liquidity. + +Not learning my lesson, I continued on until yesterday. + +Then came yesterday's hack. Hot wallets being drained, no one knows what's happening. + +I log in into my Solflair wallet - nothing. F*** looks like I got hacked. I decide to check out the Blockchain explorer, enter my wallet address and I get "error not found". OMW did this hacker hack me so hard my wallet is off the network??? + +I double checked my wallet addresses and I tried opened my different devices and browsers (using my seed phrase). Still nothing. My SOL (and liquidity pools) were gone! + + +Like any investor I made peace with this and move on with my day. After all SOL was simply one coin in a balanced portfolio. + +Last night I thought let me report my wallet as being affected by the hack in case there are compensation schemes. But first I'll double check my wallets. + +And my word. All my SOL, all my liquidity pools, all there like magic. I'm grateful, I swapped into ETH. But I'm also done with SOL + + +So if your still into SOL as an investor ask yourself: + +- How can this crapchain can be restarted by Dev's on demand? + +- Why does crap chain has multiple downtime a year? + +- Why the hell can your coins not be seen the morning of the hack? Is the network so overwhelmed that you can't even see coins in the Blockchain explorer? (I thought SOL was supposed to be super fast?) + +- why the hell must we defend poor service? Other Blockchains offer speed, reliability and Defi too. + + +I'm grateful I finally pulled out with no losses. And I hope you manage to pull out too. SOL has a long way to go before it reaches the reliability and uptime of other Blockchains. + + +Thank you for reading. + + +TL; Dr : I've pulled out of SOL. + +Network downtime losses me money. Inability to track my coins during hacks/network overloads on the block explorer shatters my confidence in the network. + +You should pull out too + +------ +EDIT: wow this post went wild. Thanks for the support, jokes and explanations (whitehat hackers, misconceptions, slope app, etc). I'm still out but definitely learned a lot. +There are still towns struggling to recover from the recession; Detroit, Clevelend, and many other areas in the rust belt and elsewhere. + +What do you think will happen to these struggling cities the next time the economy turns? +Currently I am in discovery mode before I might pull the trigger on the REI...maybe some seasoned investors on this subreddit might comment or advise on the topic. I know that everybody is selling seminars...this is similar with day trading classes...there is a false illusion that one can become rich fast if buying into these seminars/classes. + +Below is what I have find out: + +\-**Multifamily**, have apparently lower CAP rates than SFH, bigger players that are willing to settle for less CAP rates (even 4% CAP), fierce competition, difficult to exit/unload...I was looking on Loopnet and Crexi for multi-families...the vast majority with decent CAP rates are in bad neighborhoods across the country (C class buildings), very few B class properties, most properties were remodeled (value added already)...financing might be easier because is based on the property past income... + +...the ideal scenario where one can purchase a 2.5 million C class complex, rehab it into a B class, get the ARV up, carefully screen the tenants before renting , refinance, cash out and repeat (BRRRR) seems very difficult to achieve...there are lots of portfolios available that investors are looking to unload after milking them for several years (multiple addresses)...I doubt that these portfolios are a good investment for a newbie. + +\-**Single Family Homes**, can target a higher CAP target rate (8%-11%), cheaper to fix and add value to it, easier to sell...cheap ones are in beat up neighborhoods, but a 3bed/2ba SFH might be more attractive than a 3bed/2ba apartment...might end up having a bunch of properties both smaller multifamily and SFH portfolio...on this approach, downside is that cash is needed in order to move quick...hard money are tough to work with at 12% interest rates plus points. + +Looking to invest out of state where the market makes sense (stable local economy and decent growth)..."war zones" are not something that I am looking for...also Capital preservation vs CAP rate or COC it comes to mind...how to identify the sweet spot? + +I guess I am looking for real stories and honest comments and advice. Thank you in advance. +I am having an interview this Friday for the job that I wanted (let's call it "job X"). But at the same time, another department from the same organization has contacted me and offered me an interview a day before job X interview. + +This is happening because while I sent out my resume to job X, I threw a few blind darts and one of them landed in the same organization. I did this because I really wanted a career change (anything I can get my hands on to get out of the current job kind of mindset). + +So my questions to all of the redditors who are familiar with HR/management/job interviews etc , should I decline the interview that I am not particularly interested in, in order to focus on job X interview? or should I use it as a learning experience to prepare myself for Friday? What effect would it has if I encounter some of the same interviewers on both days (it is an interview panel so multiple interviewers will be presented). If anyone can share their experiences or advices I am all ears! +2 of my banks have just moved me to MasterCard from Visa. Anyone know why these are changing? + +I no longer have any visa cards and want to open a credit card to ensure if MasterCard has issues I can still spend money. + +Preferably not Barclaycard as for some reason they just don't support Google Pay. +Pfizer has had a crazy month, rising from 52 to 61. We're seeing a pullback now as traders take profit and I expect it to continue to fall to about 55 before earnings in February. Selling calls at the 61 strike and covering that at 62 for January 21st will give us a potential profit of 34 per contract and a max loss of 66 per contract. + + +To prove this we can look at past price action the stock has reliably up extremely quickly at earnings, and then cooled down approaching the next set. Before past earnings (11/2) the stock was down to as low as 42, an earnings beat sent the stock on a bull run all the way up to 60. Historically the same pattern emerges, and I think this quarter will be no different, giving a good opportunity to make some money. +Hello all, + +It seems like 1-3% returns every week for you guys isn't phenominal at all, but you are surely beating the market and most likely 99% of hedgefunds. Annualized, 1-3% a week selling options and wheeling is +67% - +365% annually. + +I'm sure Hedgefunds do use options to hedge their positions, but I don't find them wheeling any stock. If hedgefunds and investors on Wall Street just wheel very safe stocks, they'll beat the rest of their colleagues easily. If volume is a problem, why not just take a 1b hedgefund and wheel all 500 companies of the S&P500 with 2m each and get a safe +30% instead of just investing in speculative stocks and chasing insane growth? + +I'm sure not many people are familiar with stocks, and don't even know what options are. But options trading is something that seems too good to be true but it really isn't. It also seems odd that ordinary people don't sell options at all; either they just do the normal - put it in an etf and wait 20 years (like their financial advisor said), or they find r/wallstreetbets and lose all their money. + +Perhaps everyone else is trading options, and I'm just left in the dark because I hate discussing money with people around me, but when you can retire with 300k wheeling GOOGL instead of 3m living off dividends, why not do it? +Hello all, + +It seems like 1-3% returns every week for you guys isn't phenominal at all, but you are surely beating the market and most likely 99% of hedgefunds. Annualized, 1-3% a week selling options and wheeling is +67% - +365% annually. + +I'm sure Hedgefunds do use options to hedge their positions, but I don't find them wheeling any stock. If hedgefunds and investors on Wall Street just wheel very safe stocks, they'll beat the rest of their colleagues easily. If volume is a problem, why not just take a 1b hedgefund and wheel all 500 companies of the S&P500 with 2m each and get a safe +30% instead of just investing in speculative stocks and chasing insane growth? + +I'm sure not many people are familiar with stocks, and don't even know what options are. But options trading is something that seems too good to be true but it really isn't. It also seems odd that ordinary people don't sell options at all; either they just do the normal - put it in an etf and wait 20 years (like their financial advisor said), or they find r/wallstreetbets and lose all their money. + +Perhaps everyone else is trading options, and I'm just left in the dark because I hate discussing money with people around me, but when you can retire with 300k wheeling GOOGL instead of 3m living off dividends, why not do it? +I thought about grabbing it on the 18th, didn't and kinda regretted not doing so especially after the big bounce the following day. I grabbed it today, could have done a little better but that's OK. My plan is long but would like to sell CC on it and wheel if I lose it. I don't really want to lose it but also not married to it. Given the way it moves any suggestions on if I should be doing weekly vs monthly and how to pick a good strike? +Over the past eight years, both my wife and I have raised our household income substantially. We are in a relatively L-COL (less so over the past few years, but we had already bought our home when prices significantly went up). Together we earn $250k salary, with about a 50% bonus potential. + +&#x200B; + +We will be trying to have (or adopt) a child in the next two years, and we want to start making new friends. Neither one of us are close to our extended families. We want to do things like go on vacations with friends. The main challenge is that our friends cannot afford these vacations. + +&#x200B; + +From the outside we look like a normal middle class family - we save about 70% of our income (minus our job titles of course). But, we do like to spend real money on travel twice a year. Money that our friends cannot afford. I have talked with my wife about paying our friends' way (minus food), but I haven't done anything like this before. Has anyone here done anything like that? If so, do you have any recommendations with how to handle it, or things to avoid? These are people we do want in our family circle, and we want to form meaningful, and lasting relationships with them. +There’s been a lot of back and forth regarding the Evergrande default fiasco and where it currently stands. I’d like to make a brief post to clear some things up. + + +What has happened: + +In September and October multiple interest payments were missed by Evergrande only to be paid off in the “11th hour” when a deal was struck to offer alternate payments. The details of this deal were/are still unknown. + +https://www.wsj.com/articles/china-evergrande-makes-overdue-interest-payment-on-dollar-bonds-state-media-says-11634869419 + + +A German company by the name of DMSA (https://www.dmsa-agentur.de/) purchased $ bonds from Evergrande to provide transparency as to the validity of these payments. + + +What’s happening: + +On 11/10 Evergrande met the limit of their grace period to make payments on these dollar bonds, and thus was no longer protected from litigious reproach. + + +DMSA, who is claiming they have not received payment, moved forward with default proceedings stating not only that they did not get paid, but they expect Evergrande to be insolvent within days of the proceedings. See press release for details : https://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf + + +After this news Bloomberg along with other Finance News Agencies reported the contrary, that these payments were intact made. + +https://www.bloomberg.com/news/articles/2021-11-10/evergrande-said-to-pay-delayed-interest-on-at-least-two-bonds + + + +Where we are now: + +https://www.linkedin.com/posts/dr-marco-metzler-403341163_evergrande-has-officially-defaulted-german-activity-6864475010753404928-Gqak + +The managing founder of DMSA has reached out via LinkedIn claiming Bloomberg is lying, and is / has been mis reporting the potentially invalid claims that payments have been made. + +I e-mailed DMSA to follow up and received the following response. + +“Hello Redacted, +please follow the latest news from Dr Marco Metzler on linkedin. There is no more information right now. +Best regards +Inga + +Von meinem iPhone gesendet” + + +So as of right now, the creditor who has stated and sought legal reproach from Evergrande has stuck to their guns and is continuing to say Evergrande has defaulted. + + +Personal opinion: + +Lots of high level bullshittery is happening and Bloomberg may be complicit in a financial cover up if they are intentionally misrepresenting the facts. + + +TL:DR: Evergrande HAS defaulted, until DMSA/ the courts say otherwise. + + +UPDATE: + +Although Evergrande has officially defaulted, let it be said that DMSA was misrepresenting their position. The reason they were not paid was because they did not fall within the coupon date, no one responded to his request. Now he’s gone full crackpot sellout. Be careful out there. + + + +Disclaimer + +I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. + +All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. + +I will not and cannot be held liable for any actions you take as a result of anything you read here. + +Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. +1.5B market cap seems pretty heavy but the revenue growth is there. I believe it becomes available tomorrow. Any thoughts? Will trade under the ticker BYND. + +https://www.google.com/amp/s/www.nasdaq.com/article/vegan-burger-maker-beyond-meat-raises-price-range-in-upsized-ipo-20190430-00334/amp +Just looking for a break from chartist and fundamentalist analysis in favor of hearing any loose general comments on the subject. +My portfolio's actually done well this year, but I'm really hoping for an eventual bullish market. It has to come eventually... right? + +Edit: I mean the *stock* market +I'm constantly blown away by how things are handled by 🦍s. + +This sub right here is how a true democracy works. The mods listen to us and do what's best for the community. No secret keeping, no bs, no FUD. Everyone has the same voice no matter the age/religion/race/gender etc. The total transparency of information is nothing like I have ever seen. + +I've been hodling since end of Jan, and have been talking about GME with everyone I meet pretty much. Just yesterday, one of my best friends who is Def a 100 times smarter than me has totally dismissed the points I was talking about, as if I've no idea what I'm saying... When we got to a point where he couldn't counter argue my points anymore, he said I'm getting emotional and shouldn't be like this when investing 😂 I'm a retard, but I'm so sick of people not taking me seriously. + +I've been reading DD and learning about the stock market for hours each day for the last 4 months. I'd like to think I have a few wrinkles starting to form by now. + +Anyway, I just wanted to say a massive thanks to everyone who is a part of this community and I cannot wait to meet some of you after the MOASS. ✋💎✋💎 + +The next few weeks will probably be quite challenging. + +Ignore the FUD! + +BUY. HODL. VOTE. NOTHING ELSE MATTERS! + +TO THE MOON 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌒 + +Edit: thanks for all the awards and cake day wishes! +One of the greatest traders of our time - Nancy Pelosi. Joking aside, I was looking through her recent trades and couldn't help but notice how well structured they are. Her choices for the longs are very similar to how I set up my diagonals. + +* She's using long calls as a surrogate long stock position to take advantage of the leverage afforded by options. For example, the GOOG trade cost around $940K for her to put on. A similar stock trade would've been around $2.9MM. +* She uses two different long call strategies, based on her disposition towards the stock. + * For more developed equities like GOOG, MU, DIS, she selected slightly shorter term expirations but went further ITM. This allows the trade to behave more like long stock while decreasing the impact of theta decay on the options. + * For more growth oriented equities like RBLX and CRM, she selected LEAP expirations and chose strikes closer to the money (although, still ITM). This offers more growth opportunity in the options if directionally correct, while still limiting the impact of theta decay on the longs. +* She selected all established products with promising lines of business going forward. DIS surprised me a little bit, but since COVID they've been pivoting more and more to telecomm so I can understand her thought process the. +* The choices she made are not the cheapest method to gain exposure, however, these are well structured trades. Diamond hands Pelosi at it again. + +EDITS for all the keyboard warriors: +\-I'm not suggesting that Pelosi is actually any kind of great trader - the post is generally satire. The focus is more on the construction of the trades. +\-The post isn't about how she selects the products, if there's insider trading, etc. +\-To clarify, Nancy's husband makes most of the trades and she is required to report them. I have absolutely no idea who is actually structuring the trades, if they have an advisor, etc. Again, calling her the great trader is more of a joke than anything. + +https://preview.redd.it/qq8uz7f0e6981.png?width=884&format=png&auto=webp&s=6f223e9b43171bf5e90edfa9ae41014830e2cf92 +Hey all, + +After much deliberation I’ve decided to sell one of my income properties in Colorado so that I can reduce debt across the board in my other property and repair the foundation in a second rental property. + +Since I haven’t lived in the rental I’m selling in 10+ years I will have to pay Capital gains tax on the profits. Does anyone know how to avoid or reduce this tax without moving back in for two years? + +I’ve heard if I put the profits forwards the other homes foundation repair and mortgage I may be able to avoid paying Cap Gains on the whole profit. + +Any suggestions would be greatly appreciated. +&#x200B; + +https://preview.redd.it/sogqgdb0qqz61.jpg?width=1080&format=pjpg&auto=webp&s=8072484ebde2cd00c5b970115cb6c78e4f989799 + +The 4th Column is the Shares/Contracts they reported the PREVIOUS period. The 5th Column is what they are reporting TODAY. + +So they sold almost 200,000 shares - no more to dump and drive the price down. + +And they increased the number of Puts from 2.2M to 3.3M. Wow. + +The Calls are a hedge, and yes it increased too. But it is a hedge against their MAIN bet - all those Puts. + +And that is their big bet - that we will get bored and tired and impatient and walk away like the paperhanded fools they think we are. + +Kenny, you funny. +Can someone explain the difference between the two? + +One of my friends has a financial advisor who handles all his stocks, and he doesn’t feel the need to lock up all his money in a tax advantaged account. And he makes claims about all the returns he gets from it. +I’m a new investor and I already have equal parts QQQ and VOO. +Does it make sense to add SCHD or should I just keep pumping the 2 I already have? + +They don’t seem to have much overlap with SCHD so would it give me a better position to have all 3? I’m mostly into long term, slow and steady growth. Thank you very much. +Hey everyone. So I am super late getting into the game of investing. And I have a lot of work to do in a relatively short period of time. I'd like to retire in about 10 years, and have not been one of those that has been fortunate enough to have 401Ks throughout my career. So I only have about $90k in my retirement account. I'm at a 60/40 split between Traditional/Roth. + +I've seen a lot of recommendations in this group and I look at them all. But I also think that some of these funds might be more targeted toward young(er) investors? + +My focus right now is to get these funds out of the mutual funds they currently are in that I picked because I had no idea what I was doing (SWEGX/SWHGX) and put them into some ETFs that will hopefully see some pretty aggressive growth. I do own a few shares of SCHD (which I purchased based on recommendations from this group) in my investment account (separate from my retirement account) as well as some other dividend stocks. I know a lot of people recommend VOO, VTI, QQQ, etc, but I get sticker shock with the share price. I just keep thinking "how much higher can this possibly go?" + +Any ideas for me? I'm only 2 1/2 years into investing, so still kind of a noob! +Hi all, relatively new invester, finally have actual capital and trying to look for ways to expand. I'm not super interested in short-term trades and really want to save for the future and profit for housing, mortgages, kids, and eventually retirement. It's a lot, but I want to start early and get a good grasp. + +One thing that I cannot figure out is how people are deciding what to put most of their investments towards. + +&#x200B; + +For example, I've been reading a lot on ETFs and have found interest particular in VOO, ARKK, ARKG, and many others. If for instance I decided I wanted to go long-term (10+ minimum years), how do I decide on splitting an example ratio of say 60-20-20 on these stocks? Just an example, but what factor goes into how you should decide that ratio? I plan to be investing money as paychecks come in. + +&#x200B; + +Thanks all for your kind help :) +I heared that only a few big ETFs actually buy real stocks. Most allegedly just "copy" the price of the index. If that is the case, are ETFs just numbers on a screen and i do NOT own fractions of real stocks when i buy an ETF? + +Forgive me for the noob question. Thanks guys! +So, a majority of my assets are in my main vanguard account, which is allocated 60% US, 20% Non-US, and 20% Small Cap index funds. However, the other 20% are in other, smaller, speculative accounts, where I invest in things such as crypto, ARKK etfs, and leveraged funds. + +Is this a smart practice to do, or is this a waste of time and energy and I should just re-allocate that 20% to the standard funds? +Wife and I are 33, house is paid off. +We are debt adverse so we don’t leverage into rentals or invest on margin etc but wouldn’t mind saving for another home down the line to accomodate our growing family (we would be okay staying where we are though) I think in that situation we would retain current house and rent it out. + +I’m wondering what would you do in our situation? +House it worth about 900k +Have about 30k cash (need a bigger car) +About 40k in vanguard. +Choi Won-seok reports in the Korean Ghosun Libo news publication that according to an official from the Japanese automotive industry Toyota and Tesla have been reviewing the partnership since last year and are approaching the final stage. + +Here are some of the highlights of Toyota Tesla partnership. When the partnership with Toyota is established, Tesla will be able to launch a compact SUV EV at low cost using the Toyota platform. + +The Ghosun IIbo is the biggest newspaper in SK. A Tesla source Sawyer Merritt, tweets that he has been told "the reporter of the story is also highly regarded. We'll see if it's true." + +Toyota provides the vehicle platform to Tesla, and instead, Tesla provides some of the electronic control platform and software technology installed in its vehicle to Toyota. + +When the partnership with Toyota is established, Tesla will be able to launch a compact SUV electric vehicle at low cost using the Toyota platform. In addition, Tesla's sales in Japan, which are around 1,000 units per year, are likely to increase significantly. + +Tesla CEO Elon Musk said at the 'Battery Day' in September of last year, that Tesla "will release a $25,000 compact and affordable electric car in 2023. However, among experts, there were several opinions that it would be difficult for Tesla to find a way to sell electric cars at such low prices. Especially considering Tesla has already developed the Model 3 in 2017, The model electric crossover in 2020, the exoskeleton of the Cybertruck and working on the Semi truck. at this moment we have no idea about Tesla's affordable compact vehicle, which now it looks like may be produced in partnership with Toyota, if this report is true. + +I think this is a smart move for both Tesla and Toyota. Some people may be skeptical of a Tesla Toyota partnership, but remember that Tesla helped built Toyota RAV4 in 2012. I am sure you guys remember when Toyota sold its Tesla stocks in 2017. + +&#x200B; + +**What's in it for Toyota?** + +Toyota can also significantly reduce the resources and time spent on innovation of its vehicle's integrated electronic control platform ( ECU ) and operating system ( OS ) by using Tesla technology. Toyota is evaluating that the integrated ECU and OS technology that can control and improve vehicle functions through wireless updates (Over The Air) is lagging behind Tesla. In other words, through cooperation between the two companies, Tesla can reduce the cost and period of developing small electric SUVs and Toyota's benefit is the gain in ECU and OS development. It aims for a win-win effect by reducing the time it takes for the two companies to compensate for each other's weaknesses, allowing them to focus more on their own strengths. + +&#x200B; + +Tesla and Toyota have previously partnered. The two companies agreed to jointly develop electric vehicles in 2010, and in 2012 marketed Toyota's RAV4 electric vehicle equipped with Tesla's battery system. However, due to various reasons such as poor sales, the alliance between the Toyota and Tesla ended in 2017. Yet, the close relationship between Musk and Toyota CEO Akio Toyoda was maintained, leaving room for a reunion between the two companies in the future. + +&#x200B; + +Tesla's Fremont Factory is an automobile manufacturing plant in Fremont, California, operated by Tesla. But the facility opened as the General Motors Fremont Assembly in 1962, and was later operated by NUMMI, a former GM–Toyota joint venture. Tesla took ownership in 2010. + +&#x200B; + +Last year, Toyota sold 9.35 million vehicles, surpassing Volkswagen and returned to the world's top sales in five years. Toyota, along with Isuzu and its truck subsidiary Hino, plans to accelerate the electric and autonomous driving of commercial vehicles. Prior to this, Toyota also established a hydrogen fuel cell development joint venture with five Chinese automobile and technology companies, including Tsinghua University, Beijing, Cheil, Dongfeng, and Guangzhou Motors. The jointly developed hydrogen fuel cell system will be installed on Chinese trucks and buses from 2022. In addition, Toyota is striving to maximize economies of scale related to electrification and autonomous driving, including successive capital alliances with rivals Mazda and Suzuki. + +&#x200B; + +Meanwhile, Tesla CEO Elon Musk wrote on Twitter on the 27th of March that “the likelihood that Tesla will soon become the largest company in the world is higher than 0%.” Although the context is not clear, it was also written “probably within a few months,” an expression that can be interpreted as referring to a period, and was soon deleted. Currently, Tesla's market capitalization is about $ 590 billion, which is one-third of the world's largest market capitalization company, Apple. + +&#x200B; + +Tesla's share price continued to rise even after surpassing Toyota, which was the first in the industry's market capitalization at the time, in July of last year. Tesla, in particular, has a task to achieve economies of scale, with only 500,000 vehicles sold as of last year. If the alliance with Toyota is established, it can receive great power to expand mass production faster and at lower cost. + +[Source](https://www.torquenews.com/1/tesla-and-toyota-are-considering-jointly-developing-small-electric-suv-platform) +Choi Won-seok reports in the Korean Ghosun Libo news publication that according to an official from the Japanese automotive industry Toyota and Tesla have been reviewing the partnership since last year and are approaching the final stage. + +Here are some of the highlights of Toyota Tesla partnership. When the partnership with Toyota is established, Tesla will be able to launch a compact SUV EV at low cost using the Toyota platform. + +The Ghosun IIbo is the biggest newspaper in SK. A Tesla source Sawyer Merritt, tweets that he has been told "the reporter of the story is also highly regarded. We'll see if it's true." + +Toyota provides the vehicle platform to Tesla, and instead, Tesla provides some of the electronic control platform and software technology installed in its vehicle to Toyota. + +When the partnership with Toyota is established, Tesla will be able to launch a compact SUV electric vehicle at low cost using the Toyota platform. In addition, Tesla's sales in Japan, which are around 1,000 units per year, are likely to increase significantly. + +Tesla CEO Elon Musk said at the 'Battery Day' in September of last year, that Tesla "will release a $25,000 compact and affordable electric car in 2023. However, among experts, there were several opinions that it would be difficult for Tesla to find a way to sell electric cars at such low prices. Especially considering Tesla has already developed the Model 3 in 2017, The model electric crossover in 2020, the exoskeleton of the Cybertruck and working on the Semi truck. at this moment we have no idea about Tesla's affordable compact vehicle, which now it looks like may be produced in partnership with Toyota, if this report is true. + +I think this is a smart move for both Tesla and Toyota. Some people may be skeptical of a Tesla Toyota partnership, but remember that Tesla helped built Toyota RAV4 in 2012. I am sure you guys remember when Toyota sold its Tesla stocks in 2017. + +&#x200B; + +**What's in it for Toyota?** + +Toyota can also significantly reduce the resources and time spent on innovation of its vehicle's integrated electronic control platform ( ECU ) and operating system ( OS ) by using Tesla technology. Toyota is evaluating that the integrated ECU and OS technology that can control and improve vehicle functions through wireless updates (Over The Air) is lagging behind Tesla. In other words, through cooperation between the two companies, Tesla can reduce the cost and period of developing small electric SUVs and Toyota's benefit is the gain in ECU and OS development. It aims for a win-win effect by reducing the time it takes for the two companies to compensate for each other's weaknesses, allowing them to focus more on their own strengths. + +&#x200B; + +Tesla and Toyota have previously partnered. The two companies agreed to jointly develop electric vehicles in 2010, and in 2012 marketed Toyota's RAV4 electric vehicle equipped with Tesla's battery system. However, due to various reasons such as poor sales, the alliance between the Toyota and Tesla ended in 2017. Yet, the close relationship between Musk and Toyota CEO Akio Toyoda was maintained, leaving room for a reunion between the two companies in the future. + +&#x200B; + +Tesla's Fremont Factory is an automobile manufacturing plant in Fremont, California, operated by Tesla. But the facility opened as the General Motors Fremont Assembly in 1962, and was later operated by NUMMI, a former GM–Toyota joint venture. Tesla took ownership in 2010. + +&#x200B; + +Last year, Toyota sold 9.35 million vehicles, surpassing Volkswagen and returned to the world's top sales in five years. Toyota, along with Isuzu and its truck subsidiary Hino, plans to accelerate the electric and autonomous driving of commercial vehicles. Prior to this, Toyota also established a hydrogen fuel cell development joint venture with five Chinese automobile and technology companies, including Tsinghua University, Beijing, Cheil, Dongfeng, and Guangzhou Motors. The jointly developed hydrogen fuel cell system will be installed on Chinese trucks and buses from 2022. In addition, Toyota is striving to maximize economies of scale related to electrification and autonomous driving, including successive capital alliances with rivals Mazda and Suzuki. + +&#x200B; + +Meanwhile, Tesla CEO Elon Musk wrote on Twitter on the 27th of March that “the likelihood that Tesla will soon become the largest company in the world is higher than 0%.” Although the context is not clear, it was also written “probably within a few months,” an expression that can be interpreted as referring to a period, and was soon deleted. Currently, Tesla's market capitalization is about $ 590 billion, which is one-third of the world's largest market capitalization company, Apple. + +&#x200B; + +Tesla's share price continued to rise even after surpassing Toyota, which was the first in the industry's market capitalization at the time, in July of last year. Tesla, in particular, has a task to achieve economies of scale, with only 500,000 vehicles sold as of last year. If the alliance with Toyota is established, it can receive great power to expand mass production faster and at lower cost. + +[Source](https://www.torquenews.com/1/tesla-and-toyota-are-considering-jointly-developing-small-electric-suv-platform) +Been learning about stocks and trading for a while and I finally want to give it a crack. I was wondering though, what is a good amount of money to trade with if I want to make a full time salary from it? Thanks! +I am 19 and I’ve been learning how to trade for over a year. I started in crypto now I trade supply and demand, liquidity and market structure on GBP/USD with a simple naked chart. + +I want to open a real 10k trading account and start trading one day a week and paper trade the other days. Schedule would be: Monday is no trades day I just study the price action, Tuesday is real trades and the rest is fake trades. + +What does reddit think about this? + +***edit y’all hate my idea 😭 + + +After a day of funny and questionable comments: Half of you are assuming I have no idea what i’m doing and that I should paper trade or start small first which I have and is good advice, but the other half is the funny part.In fact most of you think slowly and gradually progressing from paper to live trading one day at a time is a terrible idea. This teaches me that most of you have not conquered your emotions and are just projecting your fears in your responses. I believe that trading on one specific day is going to lead to disaster. I treat every day paper or not the same. + +If anyone wants to see my trading journal go to +r/LPtrades +I’m collecting unemployment which is barely enough for me to even pay my bills. I’m at a loss and don’t know what to do. I had excellent credit before Covid, now due to this whole pandemic, I’m not even able to pay off my minimum payments. Is there some sort of amnesty program or a financial aid program that Capital One offers? I’m pretty desperate. +Formatted Original Post: **[Ethereum Sharding Series: Sharding & Price](https://www.mangoresearch.co/will-price-ethereum-drop-eth-scales/)** + +----- + +In my previous posts, I discussed [Ethereum Sharding & Scalability](https://www.reddit.com/r/ethtrader/comments/7y6pq3/understanding_ethereum_sharding_a_simple/). Several of you have been following the series and have asked me some intriguing questions. + +&nbsp; + +A question that has come up multiple times is: + +&nbsp; + +> “Will Ethereum’s Sharding & Scaling lead to a reduced “scarcity” and thus suppress the price of Ether?” + +&nbsp; + +It’s a fair question, since scalability will lead to reduced operations/transaction costs. And that’s precisely what creates the demand for Ether. + +&nbsp; + +But the answer isn’t as intuitive as most would think. + +&nbsp; + +In fact, it’s a case of Jevon’s Paradox - where it’s assumed that technological improvements that lead to efficient use of a product will result in reduced use of the product. But in truth, the assumption turns out to be wrong and the opposite is true. + +&nbsp; + +#Ether’s Scalability, Scarcity & Price + + +On one hand you’d think that Ethereum scaling should increase the price. Afterall, scalability is a good thing, right? + +&nbsp; + +But on the other hand, scalability will lead to lower transaction fees. Since transaction costs are paid for in Ether – wouldn’t Ether be consumed less? And hence needed less? + +&nbsp; + +Therefore, is it fair to assume that the demand for Ether will decline because we’d need less of it? + +&nbsp; + +Finally, if less Ether is needed for operation costs on the network, would the “scarcity” of Ether reduce? (leading to price suppression) + +&nbsp; + +*So which is it? Will scalability lead to a price up or price down?* + +&nbsp; + +#Jevon’s Paradox - Coal & Steam, Ether & Gas + +English Economist William Jevons observed this paradox during the era of coal-fired steam engines. + +&nbsp; + +> "It is a confusion of ideas to suppose that the economical use of fuel is equivalent to diminished consumption. The very contrary is the truth." + +&nbsp; + +He’s essentially saying:* “People assume that technological improvements that lead to efficient usage of fuel will in turn lead to reduced usage of fuel. But the opposite is true”* + + +&nbsp; + +#Ether & Jevon’s Paradox: The Rebound + + +Yes, transaction fees will decrease as the Ethereum network achieves scalability. However, this does not mean that the price of Ether will decrease as well + + +&nbsp; + +As we scale into mass adoption, Ether will be used for various operations across a wide range of diverse industries. With this, the consumption of Ether will rise in response to lower prices. + +&nbsp; + +Eventually, we will reach a point of “rebound” where the gains in efficiency are overcome by the rise in consumption. + +&nbsp; + +So, instead of looking at it as: + +> **“Less Ether will be required for each operation, so demand will reduce”,** + +&nbsp; + +We should, perhaps, look at it this way: + +> **“Each Ether will now allow us to do THAT much more, so demand will increase”** + +&nbsp; + +There are several examples of technological advances increasing the efficiency and availability while prices have still gone up. + +&nbsp; + +A perfect example is the price of fuel for your car (gas). Technology has made fuel far more efficient. We consume it more efficiently, and we find it more efficiently too. But the demand for fuel has only gone up with time. + + +&nbsp; + + +#Ether & Scarcity: To Infinity And Beyond + + +Finally, let’s understand what Scarcity really is. + + +&nbsp; + +People tend to believe that scarcity is defined by the item/resource. But in truth, it’s defined by us humans and our needs. + + +&nbsp; + +Scarcity is a phenomenon of human’s infinite “wants” when the resource is finite. + +&nbsp; + +And we live in a digital age where the “want” to conduct transactions/operations as efficiently as possible is fast approaching “infinite”. + +&nbsp; + +As the cost of each operation on the Ethereum network reduces, humans will “want” to use the network more and more. But, Ethereum at any given point of time, is finite in number. (setting aside the minor inflation, of course) + +&nbsp; + +As you can see, the decreasing transaction fees leads to increased scarcity. + +&nbsp; + +*Note: There’s a difference between a “shortage” and “scarcity”. Shortages are caused by rising prices, while scarcity results from falling prices.* + +&nbsp; + +As the cost of operations & transactions approach zero, our need to conduct those transactions will approach infinity. Hence, demand should go up, not down. + +&nbsp; + + +**TLDR/Summary:** Technology improvements lead to increased efficiency. Increased efficiency leads to reduced costs. This should lead to decreased consumption. However, the decreased costs plays into the never-satisfiable needs of humans. As prices drop lower, mass adoption and demand will grow even more – leading to scarcity. + +&nbsp; + +Please **note** that I try to use the word "operations" instead of "transactions" whenever appropriate. This is because Ethereum will be used for far more than just payments, buts those operations under smart contracts will still have a cost to it - which counts as "consumption" + +&nbsp; + +-------------- + +&nbsp; + +***Edit***: This does not mean that the price of Ether won't go down - it very well could. There are far too many factors that can allow for a price decrease. This post is just meant to explain the relationship between the scaling efforts, consumption of ether and it's effect on demand. + +This is **not investment advice** in any form or matter. This is purely educational - and an effort to facilitate discussion so we can learn together! + + +&nbsp; + +----------- + +&nbsp; + +[Ethereum Sharding Explained Simply #1](https://www.mangoresearch.co/ethereum-sharding-explained-simply) + +&nbsp; + +[Ethereum Sharding Explained Simply #2 - Why PoS?](https://www.mangoresearch.co/why-pos-was-necessary-for-ethereums-sharding/) + + +VERY LONG story short: while living in Texas, I received an job offer from a company in NYC and signed a lease in NYC days before the city shut down due to the... you know.... + + +Anyway, fast forward a few months of paying two leases—one for an apartment I have never even set foot in—I was FINALLY able to make the move and call this place my new home. + + + +This morning I woke up to a $300 utility bill for June at this new apartment... this new apartment that I just set foot in 7 days ago... + + +I called the utility management office and they basically told me that it was an accurate meter read, and there’s nothing I can do. + + + +For some additional context: I have been paying the “forecast electric estimate” each month with my rent for this place, which usually landed around $50/month. + + +Now, boom, $300 out of no where. + + +Any insight would be great! Thank you!! + + + + +**EDIT**: Did NOT expect to come back after a day of work to see 300 comments hahah! Looks like *quite* a lot of people have gone through this. THANK YOU FOR ALL THE AWESOME ADVICE! I love this sub +My father is reaching retirement age and no longer wants to own his business. My brother has been working there full time for the past 20 years and I have been there full time for the past 3 years. + +The plan has been for a long time for my brother and I to take over the business when my Father does retire. The main asset involved is the factory which is owned outright. Initially my brother and I were planning on just paying a lease to my father while we continued to operate the business, but now my father has said he would prefer it if we bought the factory ourselves and he could basically be finished with it all. + +I am not 100% sure who owns the factory, if it is in fathers name or under the business (a Pty Ltd). I do have a feeling it could be under my fathers name which would make the most sense. I do not believe my brother and I would be able to borrow enough in our own names to be able to buy the factory directly (I believe it would be worth around $1,000,000). So I am trying to think of other options which may suit everyone. + +The business may qualify for a loan to buy the factory, I would need to go through the financials and see how viable something like that would be. I have had a brief look through the accounts and they are okay but far from amazing, and I’m not sure how servicing a significant loan would go. + +Is it possibly an option to set up some sort of “rent to buy” arrangement between my father and the business? I don’t mind paying a bit more than market rent because I could see it as a way of getting a “mortgage” but instead of the bank collecting interest and fees it would at least go to my father instead. I still need to look at the financials for this as well because it may be difficult to pay for this sort of arrangement as well. + +It should also be noted that with the money he would receive from the sale of the factory he would only have it sitting in a bank account, he is not interested in any sort of ETF investing so I believe this would work out beneficial to him as well + +Happy to hear any other ideas from people who know more about this than I do? (Which wouldn’t be hard since I know very little about this particular stuff). + +Also don’t bother arguing against going into business with family and such, I know it isn’t ideal but we have talked at length before about it and although my brother and I are both aware how things can turn sour we are still willing to risk it. + +Thanks for reading +I want to maximise my wealth as much as possible, but I don't plan on having children, so it all feels like a waste after I die since there's no future generation to pass it on to. That's why I've cut down heavily on maximising my compounding wealth, ignoring super and started spending money on happiness now. + +What are your reasons for chasing money as opposed to just having enough for your lifestyle if you don't plan on passing it on to future generations? +I previously posted a much more complicated thought process that has the same conclusion, but it really just boils down to this: + +&#x200B; + +It doesn't matter how much you might believe you're selling on the way down from peak MOASS. *Don't sell all your shares during the squeeze.* It is better to not sell some of them and then look back knowing your were definitely selling on the way down from the real peak, rather than to tap out too early and not have any shares in hand for the real peak. + +&#x200B; + +&#x200B; + +Not only does this help the MOASS by not playing your hand too early, but it will also be healthy for us all to be HODLing some shares of GME when the dust settles. + +&#x200B; + +I like the stock. Buy and HODL. I am not a financial advisor. I am not your financial advisor. This is not financial advice. +First of all, CONGRATS TO $4k! I want to take advantage of the high and decided to try my hand in adding more into my ETH portfolio. + +But [TIL blockchain oracles are a thing](https://www.forbes.com/sites/lawrencewintermeyer/2021/10/14/cryptohacks-oraclesthe-invisible-backbone-of-defi-and-applied-blockchain-apps/?sh=3627fbfb182d)? Now I’m a bit confused. Was everyone always aware of them? It seems like Chainlink etc. are things I should've known about while reading up on them. Was it bad that I invested in ETH without taking them into consideration? + +Given today's price, how important is it to stake on blockchain oracles? Should I just hodl my ETH or try to diversify? Thanks! +I'm just curious. I know most people didn't start learning or taking interest in economic and financial topics when they were kids. How different would your life be now if you did? +I've come across mixed opinions when it comes to installing solar panels on your roof, from it affecting a sale of a property to them being so useful they actually start to make you money. Is there any advice for someone considering to purchase a property with then installing solar panels in the future? Is it a good financial investment? Surely trying to be a little greener can't be this hard?! +I need some input on this thought. Could Trump purposefully be dropping tweets to bring the market down in order to prevent a blowoff top? The DOW made a hockey stick in Jan 18, and hasn't gone anywhere since - and perhaps it's not just Trump. +I've been living a financially responsible life for the past 1 year. Not incurring debt, saving for emergency, living below my income, investing for retirement and of course living by a budget. I'm not crazy frugal but I've became more of a saver than a spender and it's been great. (With much help from the people at r/personalfinance) + +However, it seems like great portion of modern economy hinges on the fact that the people over spend. At least from my narrow point of view, most of the things they advertise on TV and things that see at retail stores are mostly luxuries that no one needs. + +This got me thinking. What would happen if EVERYONE (including the wealthy and the poor) in the world suddenly stopped over spending, lived under their means, saved and invested like they advocate at r/personalfinance? + +* Would the world be less or more productive (lower or higher GDP)? +* What industry will fall first and which industries will cease to exist? +* Would the wealthy and poverty gap narrow? +* Would the world economy crumble? + +Let me know your thoughts. + +Thanks. + +ps. [Same question posted at r/personalfinance](http://www.reddit.com/r/personalfinance/comments/18ntpx/what_would_happen_if_everyone_in_the_world/) + +TL;DR: If everyone in the world suddenly became financially literate and responsible, would the world economy crumble? + +Just curious, what is everyone’s annual dividend goal? And how long have you been working on this goal? I started passively investing this past year and just hit alittle over $500 last year. Please include: (value of portfolio and how long you’ve been investing for) + +Someone already said this but only a few commented on it so I thought I should start the conversation again! +Asking this here as I suspect some of the members have had similar dilemmas in their own journeys. + +I've spent the past 20 years building a niche software company. It's a small but lucrative market that has a high barrier to entry in domain knowledge. Over the last 5 years I've added people and transitioned myself into more of an architect/salesperson/admin role rather than an engineer. + +Company with 10 employees has about 700K in recurring revenue today and that number has been growing steadily since we started pushing long term contracts. We do somewhere in 7 figures in new work annually. Net income runs between 600-800K a year. Estimates of value run from 3.5M for private sale to 10M+ for a buyout from a company looking to access our market for a synergy with their own offerings. There have been a few of the latter identified and I have working relationships with them already. In either scenario I'm going to have to stay on for a time to assist with transition. + +I'm of two minds: + +An employee buyout. The past few years I've put people on higher salaries and done a revenue share agreement so they don't want to tar and feather me every time I take a vacation. If between signing the contract and sending the completion invoice I barely have to be involved it's been worth it. I could semi-retire, doing just a few hours of calls and emails a day drawing out profits and gradually transferring stock to key employees for say 7 years. No new owner to come in and cut everyone and try to outsource everything, f'ing it up in the process. However if they royally screw something up I could have to step back in to keep from losing money. + +Sell out to a public company who wants into our client base as well as our IP and revenue stream. More money, likely a 2 year retainer gig to assist with a transition. Might lose current key employees. But when I am out, I am out. + +My wife is in favor of the public company buyout. More money, shorter term period where I would still need to be involved. She'd want to set up a foundation to do charitable work, she's already actively involved with several local groups. + +My concerns about what happens to our people aren't shared. Before changing things I explained to everyone that they needed to not go wild with spending their windfalls but of course they really haven't followed that. One of the developers bought an amazing house that cost 3x ours and is now the most concerned every time the subject of my exit comes up... My wife's position is that I have to accept that I simply can't keep running things until everyone is retired. If a new owner decides to replace someone I'd have to suck it up and deal with feeling bad for them. They are employees, not our kids. + +The difference between 7-8 million in assets and 14-15 million isn't likely to be a lifestyle changer for us. We already go on vacation 4-6 times a year, we'll winter in a rented villa in the Caribbean next year and likely bounce around to a few other Caribbean islands while we are there. No burning desire to build a new house on the water after having talked about it the past few years, we just completed putting in a new patio and outdoor bar/kitchen in our current home because we plan to stay here at least half a year for the foreseeable future. We were looking at places in St. Martin the past few years but after seeing the island post Irma have basically decided we can rent for the rest of our lives for less than what owning something would cost and if a hurricane wipes out a rental villa we just rent somewhere else. I sold my last collector car a few years ago, I'm more about BMW comfort and reliability these days. Our kids have all been working since their early teens and don't want a handout, while we likely will still continue to assist as they get started in life I don't see them being a big drain. + +My only real hesitation is about what happens to the people that work for me. + +Company founders who sold out to retire, how did you deal with this? +About 6 weeks ago, I had a house fire. It consumed everything. I did my best to fight it, and when I failed at that, woke my friend up who was staying in a guest room, then gave my all for about 15 minutes to find my cats in the blaze. Ultimately got dragged away by the FD and taken to the hospital. I didn't even think about my bitcoin, as honestly, my cats were all I cared about. + +3 weeks earlier, I realized I had a stupid amount of money sitting in a wallet.dat file on my computer, and that I really really should put it on a hardware wallet. So I did. I bought a trezor, loaded it up with my BTC and most other coins I had, and put it in a fire safe: + +https://imgur.com/gallery/Z2eUs + +Here it is. Thanks Trezor. Your product is amazing. The house burned to the foundation, and the firesafe was externally destroyed, but despite the external appearance, inside was a toasted piece of paper with my seed words and this little guy. He was cooked from the heat, and sopping wet from the flood of water they poured on the house (nearest hydrant was a mile away and so it took an hour to start fighting it). + +On that day I lost literally everything. Everything I have ever owned in 33 years of life, and my cats. Since that time I've been emotionally devastated, and I'm working really hard on recovering from that. But because of listening to advice on this sub, I had a trezor in a fire safe. I didn't lose anything but some byteball/pivx/dash I had on my desktop computer I forgot to backup. 95% of my holdings since 2012 remain. + +Thank you /r/Bitcoin and thank you to the makers of Trezor. That little guy is tough as hell. I dont think its advertised as waterproof but I pulled it from an immersed box sopping wet. I let it dry and here is how it looked after when it worked. I now have two cloned trezors in different locations and a safety deposit box with my seed. Saving my bitcoin and this price rise has allowed us to pay for pretty much everything we need since the event happened. + +Please, do not offer any donations to me, I'm fine. If you want to support anything, support the Ferndale Cat Shelter. I'm the president of the charity. We take care of Detroit Strays. My cats had Guinness World Records and did charity events to raise funds for them. Now that they are gone, we lost that revenue stream for the charity. We accept bitcoin locally at the catfe for donations, adoptions and coffee but I wont post that info here. + +You'll know when you're there as our old address started with 1Catfe and our new address starts with 1CatCafe =) + +Took ages to offline hash that one out! + +Anyways, that's the story, thanks again /r/Bitcoin, you made the worst day of my life less terrible. + + +**Edit: Fireproof safe was literally a 40 dollar walmart special. Would only recommend getting water and fire proof in the future as some medicine I had in there was destroyed due to getting wet** +I am on the path to fatFIRE and have improved my quality of life by hiring help for various things. One area that I’ve not had great success with is outsourcing meticulous research for small purchases. Any advice here? + +Current example as follows, though some are more complicated than this: I want true wireless noise canceling headphones that don’t go in ear (on ear is fine) and have the best possible mic quality and wind noise mitigation. For the right solution, I’d pay up to maybe $1K for this product. + +When I research something like this myself, I look for subreddits, forums, YouTube videos…etc with other folks as obsessive about detail as myself, search, and post. Other product examples I’d like to do this with are a beach chair, my next laptop, various computer software and apps. + + I’ve tried Upwork and other places to hire for this kind of personal research, but haven’t had much luck with quality results. I’d imagine there must a pool of savvy grad students out there or a similar demographic that would be interested to facilitate this on a per item basis. + +Eager to hear any tips outside of a full time administrative assistant. +We (mid-30s, two kids, 30m NW) are moving back from the NYC area to the UK. Throwaway for obvious reasons. I have a few questions + +1) We LOVE FAT suburban America. Are there any good FAT bits of the UK outside of central London? I grew up there but tbh my friends 1.5 mil house with a pool seemed the height of luxury to me. Ideally with amazing schools too and commutable to central London. Some time on google throws up places like St George’s Hill but I can’t tell if it’d be mainly a bunch of folks who looted various third world countries before decamping to London… + +2) How do I throw money at the relo experience to make it better? Eg relocation consultant? + +3) Any recommendations for someone to help on the tax side? My employer will pay for big4 but they’re pretty mediocre… + +Deliberately not posting to fatfireuk because it’s nearly dead … and because I basically want to take suburban America back with me when I go home… + +Any hints / tips massively appreciated. +I just finished a fourth book that I found through this sub, so wanted to see if anyone had any other books that talked about spending/psychology of money from a FatFire perspective. I have learned a bit from each of these books, and would love a few more! + +Also, here are the four books that I learned about here, in case you are interested: + +1. Die with Zero: Getting All You Can from Your Money and Your Life - [https://www.amazon.com/gp/product/B07T5LSF1J](https://www.amazon.com/gp/product/B07T5LSF1J) +2. The Psychology of Money: Timeless lessons on wealth, greed, and happiness - [https://www.amazon.com/gp/product/B084HJSJJ2](https://www.amazon.com/gp/product/B084HJSJJ2) +3. Strangers in Paradise: How Families Adapt to Wealth Across Generations - [https://www.amazon.com/gp/product/B00IB19XU8](https://www.amazon.com/gp/product/B00IB19XU8) +4. Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich [https://www.amazon.com/gp/product/B0013TRQD6](https://www.amazon.com/gp/product/B0013TRQD6) + +Edited to add some focus to my post. I always forget that there are so many perspectives on what fatFIRE is, as well as that most people here are not yet retired. Ideally, I am looking for perspectives that will help me think about spending, to include the balance between how much I spend, and how much I save, keeping in mind that my passive income exceeds my spend rate. +Hello! + +I'm soon to be a recent graduate, and thankfully, I've got an excellent job lined up. I've been on this sub for about a year now, and it's brilliant. I feel much more comfortable that I know what I need to do, and what the future could hold if I'm smart. + +I've followed the flowchart, absorbed the wiki and posted the posts. But for the people of r/UKPF, what do you wish you knew before earning money, and being careful with it? What isn't on the flowchart? What do you wish you had done differently? +Seen a lot of FUD this weekend. Veteran apes are conditioned but some new apes might be wondering what to expect in the weeks ahead. Just remember: + +1. Buy, Hold, DRS is undefeatable + +2. The price will go up or down + +3. RC approved a split dividend because it's in the best interest of shareholders +This morning I received my weekly direct deposit from uber in the amount of $778.80, which was mysteriously $126.53 short of the $905.33 I was expecting. I've been driving for uber for 2 months and this is the first time something of this sort has happened. I looked in the transaction feed of my uberdriver app and noticed a subtraction (in the magic amount of $126.53) with the description, "Earnings Withholding Order Tax Levy." There was an included tracking case/claim number. + +I called uber support, explained the situation, and provided my claim number. They had no record of the claim number I provided. They then said that it must be a problem with my bank because uber deposited the full $778.80 I was owed. I explained again, slowly, that I was actually owed $905.33. They put me on hold for a while, then came back to explain that the missing $126.53 was garnished by a garnishing agency. I would need to contact this garnishment agency, receive an Amended Order, fax this Amended Order to uber, and uber will forward it to their Legal Department for review. Uber support said that they will email me all the information I'd need to do all this. Great! + +I checked my messages, and uber said I'll need to contact "{{garnishing agency}}" and referred to that company as this a few times (screenshots provided). I should note that I have never been threatened with wage garnishment and I am paying all my loan payments on time. + +I called uber support again, and after the fun & games of explaining the situation again at length, clearly and slowly, and being on hold for long spans of time, they finally told me they didn't know who the garnishing agency was and they'd forward the situation to their specialists. + +Has anyone encountered a problem like this? Other than continuing to pester uber support, I have no idea what to do here. + +tldnr; Uber claims a garnishing agency garnished some money from my paycheck, despite all loan payments up to date, and won't tell me who is the agency doing the garnishing. + +Pics: https://imgur.com/a/BaNE43x + +**UPDATE:** The IRS confirmed I'm all good on their end. The customer service rep was shocked there would be a sudden garnishment without my knowledge and had no answers. + + +**UPDATE 2:** The California Franchise Tax Board automated line confirmed I'm all good on their end. Checking in tomorrow morning at the suggestion of FTB live-chat to speak to a living, breathing human to double-confirm. + + +**UPDATE 3 (A BREAK IN THE CASE):** I got an email from uber support explaining that {{garnishing agency}} is actually... THE STATE OF CALIFORNIA FRANCHISE TAX BOARD (several of you guessed this, including Quaziau who was sure of it). The email came with an attached PDF of a tax levy in the amount of $22,910.70 from 2012. Pic of garnishment PDF: https://imgur.com/gallery/UaZM0bF Of course, the only problem was that this {{CleanHelicopter}} who owes all that money wasn't me! Not even a little! He lives in Lake Elsinore and has a, you guessed it, completely different first 7 digits of his social security number. I then called uber support and argued over my own identity for about 20 minutes. It didn't matter that I'd never heard of Lake Elisinore or was still in college in 2012, what mattered is that this {{CleanHelicopter}} and I had the same name and the same last two social security digits. It HAD to be me, and perhaps I should reach out to my previous employer or mother of my child to see if that $22k could be lowered, said uber. I can't begin to explain how frustrating a phone call this was, or how Kafka could write 2-3 books about this phone call if he were alive. My next step is to get in touch with the FTB and make them get in touch with uber to explain that they have the wrong {{CleanHelicopter}}. More updates to come... + + +**UPDATE 4:** I spoke to the State of California Tax Board's Account Resolution department (after being referred by their mainline number). I explained the situation and they thought all of it was ridiculous. They also said there's unfortunately nothing they can do on their end. The order number can't be cancelled and garnishments will continue to occur until the entire amount of $22,910.70 is payed off. They said this is entirely uber's fault so I now need to try to get a hold of uber's payroll department. + + +**UPDATE 5:** On my third try with the State of California Franchise Tax Board's Account Resolution department, I spoke with a woman, we'll call Veronica. Explained the situation, acknowledged this is entirely uber's fault, wondered if it would be possible for the FTB to cancel the order and create a new one. She explained that this action makes a lot of sense, but unfortunately by their company practices cannot cancel an order and immediately issue a new one (and hope uber doesn't make the same mistake again) because there is the small, but possible chance to lose their queue in debt collecting with this other {{CleanHelicopter}}. Veronica said she understands how annoying and backwards this sounds, but it's just the way they work. I then conferenced Veronica with uber support and what transpired was one of the most equally funny and sad exchanges I've ever heard between two people, second only to the time when that guy conferenced two Chinese take-out places together. This is almost verbatim: + +Uber: Hi, can you verify your name and number, please? + +Veronica: Hi this is Veronica with the State of California Franchise Tax Board. I am calling on behalf of one of your drivers. There is a false garnishment that needs to be rescinded immediately, and I was wondering if I could receive the phone number for, or be connected with someone in your payroll department? + +Uber: Hi Veronica. Yes, I understand, one moment. (long pause) The phone number is xxx-xxx-xxxx. + +Veronica: Great! And what department is this? + +Uber: What? + +Veronica: (agitation starts to seep in) What department is the phone number you gave me? + +Uber: Uber Eats + +Veronica: *What?* + +Uber: Uber Eats. Are you a rider or eater? + +Veronica: (fully agitated now) I just need the phone number to your payroll department. I'm calling from-- + +Uber: What city you in? + +Veronica: I'm in Sacramento. I work for the state. I just need to speak to someone in-- + +Uber: There's no phone number for payroll. Unfortunately, you can only go through email. + +Veronica: What's the email? + +Uber: (long silence; background ambience) + +Veronica: Is she still there? + +Me: I think so, I can hear a TV or something in the background. + +Veronica: Ok let's hang up, this is clearly pointless. + +At this point, Veronica tells me that she's going to keep trying to dig around and she'll get back to me later today. She said what she likely thinks will happen is that the FTB will need to first see the money come in from my garnishment before the possibility of a order cancellation is implemented. Again, she acknowledged that this is annoying but it's how it works. + +**UPDATE 6 (FIN?):** I just got a message from uber that a refund had been applied to my next pay statement. + +Pic: https://imgur.com/gallery/WEoqXXA + +I’m going to assume all is well now, fingers crossed. Not sure what or who ended up wrapping this up so quickly, but thanks to all who reached out to me privately with connects to uber and FTB. I have to assume Reddit was the reason this was solved. +I have been working at my current job for about 6 months. It has been very high stress the entire time and I have worked a lot of overtime just to keep up (without pay as I am salaried). I have a couple coworkers who are toxic and continue piling excess work on me, making me feel like I am not doing a good job. I have started rejecting their requests and it is causing a LOT of stress between departments. The branch manager is not on my side, and he has made a few rude and degrading comments to me when I bring up these issues. I work in a very small office (6 people). I have walked out a few times to cry, scream, etc. + + + +I believe I make a decent amount for someone with no educational background except highschool: 42K per year with a 1.3% commission. The commission only brings in about $100 extra per month, but it's something. It could grow into much more than that as well, once I have more technical knowledge. + + + + +I also have a second job at Lego, which I really enjoy. It pays only $12.77/hr and I work 1-2 shifts per week. The extra $$ really helps with savings goals and I truly enjoy working there. + + + + + +I have been looking for another job for months, but the economy where I live is crumbling (Alberta, Canada). I find it extremely hard to get out of bed in the morning to get to my full time job and I have lost all motivation to go the extra mile. I pretty much just want to quit and move on. I got some bad news from my doctor yesterday that I have high cholesterol. I work out 3 times a week and eat healthy so he suggested it is due to stress. This job is effecting my physical, emotional and mental health on a daily basis and I feel as if I've aged 5 years in 6 months. My personal relationships are beginning to suffer and my only reason for staying at this job is money. + + + +I have 10K in my emergency fund, and about 2K in regular savings. After all expenses, I can save approx. $1200/month. See below monthly breakdown. + + + +* $2600 approx. monthly take home from FT job + + +* $250 monthly take home from PT job + + +* Rent: $640 + + +* Car (insurance incl.): $466.00 + + +* Groceries & Gas: $250 + + +* Electricity: $50 + + +* Phone: $37 + + +* Misc: $100 - $200 (eating out, movies, etc.) + + +* Credit card balance $500 approx. due mid-March + + + +Can I quit and survive? Should I? I want to work at the Humane Society and help animals - they start at $27,300/yr which would be a massive pay cut for me. I would really appreciate some clarity on my situation. My SO thinks I should stick it out for the decent pay. + +Flew to a wedding in NY for today and just had a little chat with a family friend who is an investment banker here (and a trader for 14 years). After a few drinks asked him what his take was on GME an if I should invest (mind you I'm an xxx hodler in since January). + +His "advice" - + +"GME squeezed and is overvalued. If it even gets to 400 sell." + +Jokingly I said "sounds like your short on it and fked lol" + +He then admitted he had a "small" short position on GME. + +I then asked if he knew who RC was and what he has been doing with GameStop's transformation into e-commerce.... "Yeah, I don't know. Just trust me you'll wanna get out of you're lucky to be up." he said. + +My only reply was "This is not finacial advice. I'm just a retarded ape who has some pretty amazingly brilliant autistic ape friends who figured out things your bank & wall street buddies won't share with you. I bought more dip on Friday. I'm pretty sure your short position is fked. Probably, remember not financial advice, grab some shares to hedge your bet." + +'You sound like one of those reddit twitter people' he said. + +"I appreciate the compliment." I said 😁 + +Apes. In this group we are in our own world. Those on the outside... even the ones "in the game" who haven't read all the DD, experienced this community, followed DFV, or gotten to know RC & what GameStop is doing are in the dark. It's crazy to me. + +They think we're crazy. They will say we got lucky. + +So proud to be a part of this community. I've never felt stronger about a "bet" in my life (there's literally no downside here in my opinion). If you're new here and made it this far... catch up on what's been happening and how these brilliant crayon eating retards have basically called every play that's happened to this point. We're winning. The end game is near. This is not financial advice. + +Buy. Hodl. Vote. Don't invest what you can't afford to lose. No stop losses. Remove meme limits (especially those of you who had 420 & 69,420 set up). Floor is 20m and counting. Drink more water. Get good sleep. Eat better. Move your body. Get around positive people. Mental & physical health matters. The money will only solve your money probelms. Love ya'll to the moon (literally) and beyond. + +Obligatory 💎🙌🏼🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🍌🖍🦍 + +edit: holy **** my first awards I freaking love you apes but save the money for more shares and/or good deeds! 🙏🏼 + +Also, great great point made by u/Balenkiaa - "This is the main function of the FUD, not to keep us out of it. But to stop the flood gates of DD entering the general public." + +We have a responsibility apes, let's continue to get the word out. + +edit 2: u/PaulVla another great point - "It's why MSM is mentioning WSB and not SuperStonk, point them to the madhouse instead of the analysts next door." + +I saw a post (if anyone knows where the credit goes I'll update) that all the FUD is misinformation being reported and shills... but not a single news story debunking any of the DD. + +The endgame is near. No dates. We know the drill. +[With the news](https://www.dw.com/en/eu-and-japan-create-worlds-biggest-free-trade-zone/a-47319521) of this deal going through, what sectors or companies do you see soaring in the short and long term ? +We're supposed to be in a bear market, it's perfect for me to get more bang for my buck. + +I was promised a year long bear market, at first I was saddened at the thought of seeing my portfolio dwindle down to low amounts but then I had excitement, I can get this shit cheap as chips. + +And what does the market decide to do, green green green. + +Can we get a few FUD stories going, maybe someone post about a CEX halting trading and being insolvent. + +Sure my limit sells are being filled but my poor poor limit buys are unfilled. + +EDIT - I did put a comedy flair, not sure if some people can't see it. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I'm helping my mother with her will. I'm sure she still has a few decades left, but it can't hurt to be prepared. Neither of us are sentimental people. She's made it very clear she doesn't want a funeral, or an expensive service. We're not religious, and all she wants is the cheapest, most affordable way to dispose of her body after she passes, so the smallest possible percentage of her assets are "wasted". + +It seems like burial and cremation are the only two choices, and cremation is usually slightly cheaper. Unfortunately where I live, cremation still costs ~$4,000 plus transportation, which is a significant chunk of my mother's assets. The cheapest burial service I could find charges $6,500. + +Is there some alternative to these absurd fees? Can I take my mother's body out on a boat (maybe to international waters?) and perform a "burial at sea"? Or bury her by my cabin? + +I am fine with paying for a death certificate. I understand the need for this. But I'm not OK with being legally obligated to pay thousands of dollars to a corrupt private industry that preys on the bereaved. + +Money is extremely tight and there's no way she can afford even basic life insurance, another industry which frankly seems like a huge scam. + +Thanks for the advice. +Helllo, +I am Oleg, and I am running Nexchange.io. +At Nexchange we aim at making things better than they currently are. + +Yesterday we had a trade of 165 BTC on our platform (around $1m). +https://nexchange.io/order/OSMQ6L + +Our algorithm decided to use uphold as a liquidity provider for this tx, as they had a good market rate with only 2% fee including the slippage. + +Once the money was deposited to Uphold, they immediately froze the account, asking for 'source of wealth' 'due diligence' and 'KYC'. + +The exact quote from the email would be: +"When you initially created your account you have indicated an estimated volume of 100 000 USD per day, today you have exceeded this estimation, thus your account is frozen until you provide further documentation" (all trades were crypto to crypto) + +To this email I have responded with the link to trade which is above, as well as full audit-able list of orders on our platform via our API +https://api.nexchange.io/en/api/v1/orders/ + +I have a verified business account with this firm for 2 years. +Naturally when I was starting Bitcoin was much cheaper, the volumes were lower, and my business grew since then. +In fact their claim that I've exceeded my stated volume is incorrect, since none of my transactions were in fiat, and quoting by the BTC price at the time of signing the forms, $100k are actually 250 BTC! + +By reviewing their terms and conditions there are no limits to neither crypto funding and crypto volumes. + + +I even had a face to face meeting with the technical team in Braga demonstrating my product earlier this year, followed by a Skype call with the business executive to try and negotiate better fees for my high volumes. +On neither of those instances any problem with my way of operation was brought to my knowledge by the team. + +I wrote their support, explaining the situation, but there is no response. + +So far there is more than $1.5m hanging funds on their exchange and no-one to talk to. + +On the accumulated position size (200 BTC) my customers are losing thousands of USD every hour, but nobody in uphold seems to care, despite the fact they made 50 000 USD on fees from my company this week alone. + +Stay away from those guys, +They are thieves! +https://www.barrons.com/articles/what-the-yield-curve-inversion-really-means-campbell-harvey-51553283550 + +Interesting read! Here’s the full article below. + +An unusual event occurred today. The yield on the 10-year Treasury bond fell below the yield on a 90-day Treasury bill. This is called a yield curve “inversion.” Perhaps it is no surprise that the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all dipped. + +When the yield curve inverts, it’s because investors think that a recession is coming. The last time the yield curve inverted was before the global financial crisis. + +I have been analyzing the yield curve for more than 30 years—my 1986 dissertation at the University of Chicago showed that an inverted yield curve, where short-term rates are higher than long-term rates, led to a recession within 12 to 18 months. Since then, what researchers call “out-of-sample evidence” has validated my model. Since the publication of my dissertation, the model is 3 out of 3. There have been no false signals to date. The joke that an indicator has forecast 11 of the last three recessions does not apply here. + +Importantly, my model argues that a yield curve inversion must be realized for a full quarter—not merely a few days. So we are not quite there—but the trend suggests we will soon be there. + +In a growing economy, the normal behavior of the yield curve is when longer-term rates have higher yields than shorter-term rates. There are many intuitive reasons why this is the case, but here’s the big one: one of the safest assets in the world is the 10-year government bond. When uncertainty increases, it is a classic safe-haven asset. Demand bids the price up and yields decrease. Indeed, many shift capital from short-term investments to longer term investments (like the 10-year Treasury bond) which leads to an inversion. + +But my yield curve model is a simple model and it is reasonable to look at other indicators. Unfortunately, the news there is equally as grim. + +The recent increase in anti-trade, protectionist measures is working against economic growth. The ongoing trade war between China and the U.S. is bad enough. But the biggest and most pressing risk today is Brexit. Europe may already be in a recession and a disorderly Brexit would make growth prospects even worse. This week, British Prime Minister Theresa May narrowly avoided a no-deal exit from the European Union—the next key deadline is April 12—but it remains to be seen whether she can get her exit bill through Parliament. What is bad for Europe is bad for the rest of the world. + +Uncertainty works against economic growth, and uncertainty has heightened. Whether we measure that with market volatility or the risk of economic disruption in Europe, the effect is identical. Increased uncertainty means that companies scale back or defer capital expenditures and employment plans. + +It is also important to measure the sentiment of our business leaders. The Duke CFO survey, a poll with almost 25 years of history, recently showed that 82% of chief financial officers believe a recession will have started by the close of 2020. Their job is risk management and they are overwhelmingly convinced a recession is imminent. When CFOs worry, hiring slows, capital expenditures drop, and companies tighten their belts. + +We are late into the business cycle. The Great Recession ended, according to the National Bureau of Economic Research, in June 2009. The average time to recession in the modern era is 58 months—and we are now at 117 months, or more than double the average. The time is right. + +The economy is entering dangerous territory. Turning points are difficult to forecast often because we want to good economic times to continue. However, the evidence is becoming overwhelming. The inversion of the yield curve today is yet another reminder that nothing, not even impressive economic growth and 3.8% unemployment, lasts forever. + +Campbell R. Harvey is a professor of finance at Duke University and a former president of the American Finance Association. + Listen guys, I know a lot of you are tired of wasting money on shitcoins. A lot of them get rug pulled and leave you on your ass. Well for $MBS, not only have we grown, but we have been on a stable incline ever since launch it keeps getting bigger! Now their has been people taking profits causing the chart to have a dip down, but this is where you get it on a sale and I really mean that! You can go ahead and see for yourself. Over 16k holders in a matter of a week and very dedicated with diamond hands! Not only that but DEVS are speaking with the holders (YOU) and letting you decide how the future of $MBS plays out. Really big things coming from what i've seen and I know i'd want someone telling me about a banger if they knew one. So here it is.. Happy Mooning !! + +🚀🌚 MoonBoys 🌚🚀 + +&#x200B; + +📊 Tokenomics 📊 + +&#x200B; + +🚀 1,000,000,000,000,000 total supply + +&#x200B; + +🚀 25% burned pre-launch + +&#x200B; + +🚀 30% distributed in presale + +&#x200B; + +🚀 25% added for initial PancakeSwap liquidity + +&#x200B; + +🚀 20% held in the Dev wallet for “milestone burns" (Dev wallet will be on a multisig with a trusted 3rd party). + +&#x200B; + +🌕🌖🌗🌘🌑🌔🌓🌒🌕 + +&#x200B; + + + +❓How is our tax redistributed❓ + +&#x200B; + +☄️ 6% Distributed between investors relative to their $MBS holding + +&#x200B; + +☄️ 4% Locked in liquidity to alleviate the potential of serious liquidity issues in the future + +&#x200B; + +⚠️ Slippage 11% (Click the ⚙️ and set slippage to 11%) ⚠️ + +&#x200B; + +❗️The team are experienced, open and honest and they are all ready to push this project out of the universe! But as always DYOR. + +&#x200B; + +🥞 Buy Link: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe361344013cC906c56bbA111bDE00C421852c73b](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe361344013cC906c56bbA111bDE00C421852c73b) + +&#x200B; + +📌 Token Address: + +[https://bscscan.com/token/0xe361344013cc906c56bba111bde00c421852c73b#balances](https://bscscan.com/token/0xe361344013cc906c56bba111bde00c421852c73b#balances) + +&#x200B; + +🔥 LP Burn: + +[https://bscscan.com/tx/0x06b0aa2bf800be49f45dcaec90986331bf2d45e8015fc14e1fc8cd06bee2d50a](https://bscscan.com/tx/0x06b0aa2bf800be49f45dcaec90986331bf2d45e8015fc14e1fc8cd06bee2d50a) + +&#x200B; + +🔥 1st Milestone Burn: + +[https://bscscan.com/tx/0x8261be8bec291ad51c409e1656c98cbd1857794f2d0c3b029d82537f875d14cc](https://bscscan.com/tx/0x8261be8bec291ad51c409e1656c98cbd1857794f2d0c3b029d82537f875d14cc) + +&#x200B; + +🔥 [https://bscscan.com/tx/0x42ea70d63bec9577aac61e14b79ff9cc502d807c8bae866659ebf48f8fc736ba](https://bscscan.com/tx/0x42ea70d63bec9577aac61e14b79ff9cc502d807c8bae866659ebf48f8fc736ba) + +&#x200B; + +🔥 2nd Milestone Burn: + +[https://bscscan.com/tx/0x09ac2a26f3ed1461d1b93282665ef8c436708a225268255c6a1b538e984c8601](https://bscscan.com/tx/0x09ac2a26f3ed1461d1b93282665ef8c436708a225268255c6a1b538e984c8601) + +&#x200B; + +📈Charts: + +&#x200B; + +Poocoin: [https://poocoin.app/tokens/0xe361344013cC906c56bbA111bDE00C421852c73b](https://poocoin.app/tokens/0xe361344013cC906c56bbA111bDE00C421852c73b) + +&#x200B; + +Bogged: [https://charts.bogged.finance/?token=0xe361344013cc906c56bba111bde00c421852c73b](https://charts.bogged.finance/?token=0xe361344013cc906c56bba111bde00c421852c73b) + +&#x200B; + +📌 Social Links 📌 + +&#x200B; + +🖇 Website ([https://www.moonboys.finance/](https://www.moonboys.finance/)) + +🕊 Twitter ([https://twitter.com/MoonBoysFinance](https://twitter.com/MoonBoysFinance)) + +🚀 Instagram ([https://instagram.com/moonboysfinance?igshid=gpaaqu7pr8fp](https://instagram.com/moonboysfinance?igshid=gpaaqu7pr8fp)) + +📄 Reddit ([https://www.reddit.com/r/CryptoMoonShots/comments/mr26yk/moonboys\_the\_mission\_has\_begun/](https://www.reddit.com/r/CryptoMoonShots/comments/mr26yk/moonboys_the_mission_has_begun/)) + +📍 Telegram ([https://t.me/moonboysofficial](https://t.me/moonboysofficial)) + +&#x200B; + +Please, always do your research as I am not a financial adviser and anything can happen. I am just someone who joined in on this project and really see a big potential. Just my opinion. +Wes Christian explains that prime brokers are the real orchestrators of the crime on Wall St. just like 2008 . +This was the best of the GameStop documentaries I have seen thus far. This clip stood out to me so I thought I would share it, as I finally have the Karma to do so. Share this documentary with others that don’t know what is happening. +Bitboy is the biggest crypto youtuber right now with almost 600K subscribers. + +Today he uploaded a video where he recommended 4 different coins. One of those was a low cap coin called Nord Finance (NORD). In just 3 hours the coin has risen 50% probably leaving him with massive profits. + +He has done this numerous times and will probably keep doing so. There’s no way he’s not holding big amount of coins like these himself for easy profits after pumping them. + +Videos “promoting” coins like this made by such big names are extremely bad for the crypto space. Especially newcomers who will buy the top and get rekt in a few days when it dumps. + +What he’s doing is such unethical considering his massive fanbase mainly consisting of beginners. I feel like not enough people are talking about this and taking to account the effects. + +Thanks for the read. Have a great day :) +I've recently dug down the rabbit hole of High On Coin's Youtube channel, and its very clear that it is a pump and dump, the guy gives off a huge scammer vibe, way too positive and go-lucky, trying to pump up support for CHC and nothing else. Coupled with the fact that he apparently owns 50% of the supply of CHC its extremely suspicous. + +I also looked into some of the videos calling him and by extension CHC out, and they all were heavily downvoted, with comments that you'd imagine would be spewed at someone who criticized their mountain top cult leader. Accusing them of "hating CHC and Max for no reason", and them hoping to buy as much as they can and HODL until it magically hits 100 USD. + +I can't comprehend how these people are so gullible? Maybe I'm missing something but this all seems odd... +so i have a portfolio of stock. I have about 5 to 10% of my portfolio in real estate. I don't own any actual real estate. I don't feel comfortable enough to afford actual real estate at this moment of my life. + +however everybody says real estate is so great, but why is it then that my REITs always underperform my Holdings and other sectors, for example like technology, or healthcare. + +I understand that with traditional real estate there is the added advantage of being able to leverage. although I'm not utilizing leverage to buy more shares in REITs, the REITs themselves are also using leverage to go out and buy more opportunities. so why doesn't this show in the share price? +Im in a big FL metro area and found a decent condo 2/1.5 for 85k about 20 min from city in a smaller town (40k population). It has rented the past 7 years for $800 to $950. It has 100 units and most are landlords as opposed to primary residences. + +Toured the place and it might need 5k in work (windows are old, bathrooms and kitchen are a little scratched up from previous tenants). + +Did numbers: +950 rent income +- 206 hoa +- 100 taxes +- 125 insurance +- 70 vacancy +- 100 repairs / maintenance +- 95 property manager + +So it has about $700 in expenses before even considering a mortgage. If it were to be bought in cash it may earn $250/month which is only ~3%/ yr. + +I have noticed rents and home prices going up overtime, but i dont want to buy to count on something like that. + + +Town has 40k people. Median household income about 37k. + + +This is one of the best deals ive found so far lately, but still doesnt seem great. What do you guys think? +If the current trend of market appreciation continues, there would be an eventual point of no cash flow properties (we are almost there in most markets).. + +When that happens, what do you guys think would be a better alternative strategy investing in Real Estate ? Would you then start buying properties hoping just for it's appreciation, which is generally considered not a sane idea in this sub, even though it negative cash flows ? +I recently inherited 2 huge vacant multi unit properties. Both need work (one more than the other) I would like to rehab and rent but I do not have the capital on my own to rehab so I was wondering if a home equity line of credit would be a good option for me as both properties are paid off with no mortgage. The values on the properties are anywhere between $700-800k. I would like to some how leverage these properties into purchasing more properties is this possible to do ?. I have never invested before and don’t want to get taken advantage of and lose what my father worked hard to get. Any advice would be appreciated. Thanks . + +Since they aren’t a speck multi bagger, I jumped over to aus finance and thought maybe I should join that group and ask them there thoughts about Woodside’s potential over the next 10 years. +But once I scrolled through the page I realised that aus finance is nothing more than a bunch of whinging fb Mums trying to save $5 for another caffe frapp from Zaraffars. +Clearly no real understands of buying shares or the financial knowledge of accounts and what to look for in a longer term hold of a company. + +So what do we think of Woodside for a long term 10+ years, based on there wa and tas plants of hydro? +I have looked up data on China vs US and seen that China’s net worth is larger than the US’s at [$120 trillion compared with $90 trillion respectively](https://asia.nikkei.com/Economy/China-overtakes-U.S.-in-national-net-worth-to-grab-top-spot) . Alternatively US has a larger GDP than China at [$21 trillion vs $15 trillion](https://www.investopedia.com/insights/worlds-top-economies/). + +How can China have a larger net worth but a lower GDP? Just trying to work out how this is possible seeing as the US has historically been the richer country. +I definitely think there are individuals who will use this money for materialistic things (and that’s okay!) but i think there is also a handful of apes who have dreams of running their own company, inventing new tech, creating new art, doing things they wanted to but bills needed to be paid. + +After the MOASS happens, it will allow them to do so. It may generate a slew of unimaginable things when these people are given time to do it. + +BUT I’m a dumb ape 🦧, what do i know? +If you want 100 shares but you don't have $13k + +But you do have $4,800 + +$4.8k could only buy you 37 shares @ $130 + +But if you bought 2 calls @ 130 strikes for Mar 18 @ $2,400 each, you could THEORETICALLY, if everything happened JUST RIGHT, you could sell 1 call in order to pay to execute the second call. + +You need to sell the first call at a premium of $13k in order to have enough money to exercise the second call. With a Delta of 0.77, you need the price of the underlying (the current price of GME) to go up between $100 -170 (variance because Gamma for this option is 0.0044 currently but will continue to change with price action and increase if price increases, overall increasing the rate of premium increase beyond a rate of $77 per $1 increase of the underlying) + +So. When the price hits between $230 - 300, if it is before March 18th 2022 and Theta hasn't already outpaced your premium value (in this case -$15/day)  then you can sell 1 call option, collect $13k and exercise the second option, netting you 100 shares @ $130 each, now currently valued at between $23k - 30k. + +Congratulations. You can DRS those shares now. + +I don't disagree with options. When someone says don't do options because they're risky and you don't understand them, to me that is like telling someone not to ride a motorcycle. It is dangerous and it takes time to learn. But if that person is willing to educate themselves to do it safely and is willing to accept the risks involved then let them. There are rewards to be gained if you can achieve them. But it's an expensive hobby and it's risky. + +Edit: + +Thanks for all the kind words. I'm glad I was able to help spread some wrinkles. + +Obligatory not financial advice. + +I hope moass takes off before Mar 18, but if it doesn't, I don't think the price will be above $230. Just my opinion. Excited to see DRS numbers on the next report. 💎🙌🏾 +I want to have a nice car. I really do. But I just can’t justify it because it’s a depreciating asset. Right now I have a 2013 Nissan Almera which has proven itself to be reliable even though it feels like it’s made out of plastic. The most I would spend on a car would be 20k , the one I have now cost 6.5k. +Lets say if the flight I am on is losing control and about to crash and Im short selling the stock of the airline company before anyone else knowing about it is it then regarded as inside information or not? +Currently i’m just split up 50% VTI and 50% SCHD. I’m 19, about to turn 20. What are you guys invested in, in your Roth IRA? I also have a brokerage account that I have stocks and ETF’s in. +Currently i’m just split up 50% VTI and 50% SCHD. I’m 19, about to turn 20. What are you guys invested in, in your Roth IRA? I also have a brokerage account that I have stocks and ETF’s in. + + +T is often talked about on this forum, but I haven’t seen an analysis of it. I have been watching it for some time, so I figured I’d do a quick write up. + +&#x200B; + +Overview: + +There are 3 main businesses: wireless, broadband/wireline, and WarnerMedia. Their primary focuses are expanding 5G (which will also allow to sell hardware) and expanding fiber which aid their transition to be more software focused allowing them to lower costs and expand product portfolio. With write-downs and selling of non-core assets (DirectTV, Playdemic and Vrio) and spinning off WarnerMedia, they are focusing primarily on wireless and broadband services going forward. They are also doing substantial cost-cutting and streamlining efficiencies. + +&#x200B; + +Valuation: + +At $23.46, they have a market cap of 167 billion. Their 2020 FCF was 27B, which is a Price to FCF ratio of 6. After Warner Spinoff they are projecting at least 20B in FCF which is a ratio of at least 8. They will be about 2.6x Debt to EBIDTA and given their P/B of about 1 now (likely less after merger), they will be able to almost immediately utilize value accretive buybacks with their substantial cash flow. + +Note: Earnings are depressed due to the previously mentioned asset write-downs. As they’ve already sold or wrote down most of their non-core assets, you should expect an immediate increase in earnings going forward. + +Based on previous dividend guidance when the Warner deal was announced. At current price, the dividend yield would be about 5%. However, after the spinoff, the price will likely drop further increasing the dividend yield, in exchange for a piece of WarnerDiscovery. + +&#x200B; + +The Wildcard: The Spinoff + +The deal is sweetened when the spinoff is considered. Both WarnerMedia and Discovery generate impressive EBIDTA. The trailing annual EBIDTA for Warner Media is 8.6B. Discovery’s is 3.6B. Total trailing EBIDTA is 12.2. After merger, WarnerDiscovery will have 4.5x leverage, but plan to deleverage below 3x in less than half a year. At a very conservative multiple of 6x EBIDTA, the market cap of the new company could be 73B and each T share could be worth $7.26 of the new company. This could be higher or lower depending on market sentiment. + +&#x200B; + +Risks: + +Management: John Stankey has been at AT&T since the early 2000s. He was previously in charge of WarnerMedia and we see where that went. The current plan of deleveraging and shrinking the business to focus more on core assets and capital allocation is a great idea. If they veer off this path, that will be a sign to jump ship. + +The spinoff: There are a lot of variables here. Though I believe Discovery will take much better care of WarnerMedia than T ever did. Also at the current stock price, it seems most people are ignoring the spinoff completely. I’m personally very bullish on the combined entity, but I can understand why others may not be. + +&#x200B; + +Conclusion: + +T is a troubled company in the midst of a turnaround, but the stock price does not reflect the value of the business. The current and post-merger dividend are secure based on the dividend to FCF ratio and the current business strategy of focusing on core assets is the right move. Even if T doesn’t grow materially, the price to FCF ratio (post-merger) of 8, will allow them to pay out hefty dividends while shrinking share count. Significant upside is achieved if they can manage even low single digit rates of growth and if WarnerDiscovery is successful. I bought in a few days ago around $23. +Just received this e-mail: + +DWOLLA + + +As of 12:13 PM on 5/14/2013: + +You’re receiving this notice because our systems have indicated that you’ve processed and completed a real-time Dwolla-to-Dwolla payment to Mutum Sigillum LLC (“Mt. Gox”) within the last 24 hours. + +Due to recent court orders received from the Department of Homeland Security and U.S. District Court for the District of Maryland, Dwolla is no longer legally able to service Mutum Sigillum LLC’s account. + +This is a courtesy email encouraging you to follow up on any uncompleted orders with Mutum Sigillum LLC as Dwolla is now unable to move money to and from Mutum Sigillum LLC’s Dwolla account. + +Dwolla is not party to this matter nor does it have any information or further insight into the situation. We strongly encourages those with questions to contact Mutum Sigillum LLC + +Note: Dwolla requires a court order before honoring requests such as seizing funds or revoking access to an account. + +On behalf of Dwolla, we apologize for this inconvenience. +u/OptionStalker made a great post on exiting trades here: https://www.reddit.com/r/Daytrading/comments/qtwb90/5_tips_for_exiting_trades/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf, so this post is not about exit strategies. Instead, I wanted to write about something that I’ve already seen many new-ish traders admit they’ve done: trapping themselves in a trade. + +Let’s see if this sounds familiar: you enter a trade, and it starts going your way. You’re watching the price move more and more in your direction. Dollar signs are flashing in your eyes now. Then, at some point, the price starts turning against you, but you’re thinking “it’s just a small dip; it’ll bounce back.” It might, but then the dip becomes bigger until it brings you back to break even and eventually stops you out. You take your loss, angry at yourself that you didn’t sell when the price reached its peak (or worse, you decide to bag hold because “it’s not a loss if I don’t sell”). Been there, done that? + +What happened? Emotions happened. Greed happened. A gambler’s mindset took control: + +- As the trade was moving in your favor, you held for more. +- As the trade started moving against you, you held for a return to the previous max profit level. If it returned, you held for more again. + +It might not be obvious right away, but you were subconsciously trying to time the peak. This is the easiest way to trap yourself in a trade with no exit, because unless you’re psychic or super lucky, you won’t time the peak. + +The strategic solution is obviously to have an exit strategy _and_ (and here’s the key) stick to it. The psychological solution is simple but not easy: don’t try to time the peak. Listen to the voice that’s telling you to lock in profits and don’t drown it out. +Hi PF, + +Long time reader, you guys have helped me and my wife immensely in planning and saving. Yesterday, we were on Let's Make a Deal (clip here: https://www.youtube.com/watch?v=nKUnMxvcIqo) and we won a new car! [oops, spoiler alert] + +We don't really need a new car and are contemplating selling it to put money towards a home down payment. From what I can tell of my cursory research, I will be hit with a prize tax as well as including the value as taxable income. Will this be done when I submit my 2016 tax return? What can I do to appease the IRS without getting completely hammered by Uncle Sam? + +Just a couple of notes: + +* The prize fulfillment dept has 90 days to arrange delivery of the car. +* The car may not be exchanged for cash value, however, I may try to negotiate with the dealership on this. +* It was a surreal and fun experience, I'll never complain about paying taxes on the win. +* Wayne Brady smells like vanilla and leather + +Thanks to anyone with advice on how to best proceed! + I’m in a class that is participating in a country wide event where we start with $100,000 in USD and we can buy any stock on the TSX, NASDAQ, and NYSE. We can only buy and sell shares for market price with no options trading. I would like to know what you guys would invest the $100,000 in. + +The competition will only let me buy stocks that are ATLEAST $2 USD, nothing under unfortunately. +I'm sure everyone has things that you enjoy doing that don't make you money though I'd say one biggest thing I'd really love is being totally free from schedules. Sleep when I feel like it, eat when I feel like it, do things when I feel like it, live as if time just isn't a thing since I have little if any time-based commitments. Waking up or going to bed at any specific time whether it's 5:30am or 5:30pm is something I really have to force myself to do and feels incredibly unnatural for me. My body doesn't even seem to want to get the same amount of sleep everyday, sometimes I'll go to bed immediately after work to wake up right before and other times I sleep for 4 hours. +Hi guys, + +I received an interesting phone call about a mineral interest that I inherited from my grandparents, that a business wants to buy from me. + +It’s only 1/4 of an acre, and I can’t find any results when searching for it. I’ve scoured multiple websites and sources and I can’t find anything with the listing or notes on this property. + + +I have an official offer letter for $3,500 for it. Same for my sister who has the adjacent 1/4 acre. + +I don’t know how long my grandparents had this, and I’ve never heard of it before. + +Before I do something stupid, I wanted to get some advice. I have the information on the plot, but other than that I know nothing of it. + + +Since it’s a mineral interest, has it already been accumulating over time since its purchase? Is there money hidden away somewhere due to me that I don’t know about? Should I take them up on the offer? + +Any help would be appreciated. Thanks friends! + +Edit: + +I really appreciate everyone’s thoughts, thank you all for speaking up. + +I’m in the middle of moving at the moment, so I haven’t been as active here as I’d like to be. + +To clarify - 1 acre total split. Half acre to my cousin, then my sister & I split the other half acre. + +But my cousin is evil, we don’t speak of her. I’d love to buy her share for $4 and some lint from my dryer. + +Anyway, I’ve spoken to a lawyer from my hometown, and he’s going to do a little easy research for me to get a basis of what’s going on. + +I’d love to plan a trip to Utah to really put things in perspective. I’m not planning on selling.. at least not before I do my DD. +**This is not an attack. This is not cynicism. This is a genuine discussion. I am here to learn and I'm open to changing my mind and hearing opposing views.** + +I've been hearing the same argument since early 2019. "When the tech bubble pops... bla bla bla... so don't go all in on tech stocks". Yet here we are. Tech stocks are stronger than ever. What strong indication is there that tech stocks will just suddenly pop and the rest of the market will be stronger than them? I'm talking long term. + +Perhaps it's time to face our new reality and accept the fact that we live in a highly technological society where everything to a huge degree depends on tech. + +Now I don't mean every tech stock is the same. I'm talking about big names. I'm saying that one can outperform S&P500 by going all in on big tech stocks or just investing in only-tech ETFs. + +I for one simply cannot see Apple, Amazon, Google, Facebook, Nvidia, Microsoft, etc. going anywhere anytime soon. And for that very reason I don't see anything wrong going all in on those stocks. + +Once again, I'm talking LONG TERM (5+ years). + +Bottom line is: pick a few tech stocks (trustworthy names such as Facebook, Apple, Nvidia, Alphabet, Microsoft) OR pick a good tech ETF OR if you feel adventurous pick a leveraged ETF (NYSE:FANG+, FNGU, etc.) and forget about S&P500 and other sectors. + +**This is not financial advice.** This is not a suggestion. DYOR. I am NOT recommending anyone to buy or sell anything. This is NOT portfolio advice. This is **O N L Y** a discussion and I want to be proven wrong because **I know I'm biased** and believe in tech stocks too much. I just feel that tech is here to stay and it will be stronger by day (VR/AR, blockchain-dependent tech, many other things coming up that will be massive over time). +There are lots of different things happening in the UK at the moment. Northern Ireland has the new trade situation between the UK and EU, Scotland might reattempt independence, Manchester seems to be doing well and London is ... London. + +If you had the freedom to choose where to buy a house and move to, with the option of starting something new, where would you move? + +While I would love to hear different people's own perspectives and priorities for something like this (particularly from those likely to be more savvy about housing markets and the UK economy in general), I can't remember if the rules on this subreddit require a specific problem to be presented. In which case, I find myself with the option to move anywhere in the UK. My current job can operate remotely and my wife is choosing UK regions for her job which would commit us to that region for a decent period of time. We have savings and are ready to put a deposit down on our first house and plant some roots for at least 8 years. In that time I would aim to build a second startup with new people from that region (as a technical founder). Ideally we would be buying somewhere that can accrue value while still being a nice place to live on day 1 (hopefully that isn't paradoxical). There are other family/friend connections etc which of course complicate matters, but for a freer discussion, let's ignore those. + +Where would you bet on if you had the choice? + +What things would you prioritise if you were deciding between UK regions? + +What mistakes have you seen others make that should be avoided? +https://www-pcgamesn-com.cdn.ampproject.org/v/s/www.pcgamesn.com/amd/amd-next-gen-zen-navi-console-chip-playstation-5?amp_js_v=a2&amp_gsa=1&amp#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.pcgamesn.com%2Famd%2Famd-next-gen-zen-navi-console-chip-playstation-5 + +This is a big deal, no? +Edit: I'm 22 years old, my £1000 is in a cash isa, I rent privatley for quite cheap and I have a 30hr a week £8 an hour job. Any more info required please ask. +Bit of background, + + +I work in the film industry, and as such will generally work on two films per year (for a length of around 3/4 months each). During this time I'm on a separate PAYE contract for each film and get paid weekly. + + +This means at the end of the year I've overpaid on tax / NI. + (As HMRC is taxing me weekly as if i'm getting paid 50k per year , but actually only earning around 30k due to the fact i work 7/8 months a year). +Anyway, I get a tax rebate every year with no problems, so I don't mind it so much. + + +My issue is bloody Student Loans, who I've spent hours on the phone too this morning! + + +* So they can see in front of them that in the 18/19 Tax year I earnt **£29,174** +* The threshold for paying back is **£25,725** and anything over that is paid back at **9%.** +* So logically (and student loans agree) I should pay **£310.41** *(£29,174 - £25,7725 \* 0.09)* + + +Due to paying taxed weekly i actually paid **£1,214!!** But the student loans company are saying that cant refund the overpayments as I'm above the threshold, even though they agree that i've paid way way too much and there was no other option to pay less!! + + +So essentially i'm out of pocket over **£900** and SLC have basically told me to do one. + + +Anyone have anything similar happen or a way to fight it? Really could use my £900 back as i'm moving house next month. + + +thanks +After one week of green everyday? After 1 month of trading everyday and you are still green? After 6 mo and your account is larger than what you started with? Even then a lot of people started trading in April 2020 and thought they are consistently profitable until the market no longer only go up. + +Would trading everyday for a month be a long enough period to include bull day, bear day, and kangaroo/choppy day to see how your strategy stand in different kind of market? How do you know if you found a consistently profitable strategy and not just a streak of luck? +I wanted to really thank the quality of advice on this sub and r/pf for really helping me get to where I am today. I am 31F working in tech(non-engineer). I am really proud of myself for taking the time to gain invaluable knowledge to grow my net worth to what it is today. I have been able to more than double my net worth in the last 2.5 years, with the help of this sub. + + +https://imgur.com/wlrfIxP + + +In 2019, my total income was over $200k, which I was stunned at, but really shows the power a growth company (non-FAANG) can have on your NW. I have worked for a tech company for 5+ years in a VHCOL city and didn’t always sell my RSUs/ESPP, against conventional wisdom, but it paid off for me last year when the stock took off and was up over 100% YoY at some point. I took advantage of that and sold a lot (but not all) of my stock. + + +My NW was down about 50-60k during the March 2020 selloff but has more than recovered since then. I have more than recovered from that low, up about 92k from the low. I stuck with the advice that I’ve read on here and didn’t panic sell. I kept my investment allocation to what I was comfortable with(70% stocks/ 30% bonds/cash) and it rode it out. I believe that having some cash available in retirement accounts is good for when the market sells off. I know it’s not the advice always given here but I believe it works for me. I try to keep about 10% minimum of cash in my retirement accounts just in case. + + +I max out my 401k(19.5k+4.5k match). I stopped contributing to my IRA/Roth IRA a few years ago once I hit the income caps. I currently have about $170k among my 401k/Roth IRA/IRA accounts. I am hesitant to do the mega back-door Roth because I’d have to pay tax on the amount I have in the traditional IRA(~15k) and I feel like my tax rate is high as it is. I know it’s a one time hit but I am saving money for a condo/house instead. I am not in a rush to buy a condo/house right now but continue to save up for one in the near-term(1-3 years probably) which is why I have a lot of cash on hand($100k+). I know it could be invested but in this environment I am too nervous at the potential of losing some of my savings. I also don’t know if I am ready to be a homeowner as the thought stresses me out. I think there are so many things that could go wrong(like repairs) and I don’t know how to really fix anything. Right now, I like the convenience of renting but I know I am not building equity. + + +I also sometimes wonder whether I am saving too much for retirement but I continue to max out my 401k because I believe it’s the prudent thing to do. I am targeting $2.2-2.4M for retirement with a 4% withdrawal rate. It’s hard for me to estimate my retirement expenses so I think ~$85k/year should be sufficient for now but I don’t know. This is not factoring in any income from a potential partner either. + + +I have no student loans, my car has been paid off for a couple of years now, and I pay my cc bills in full each month. This gives me flexibility, security, and financial freedom. Arguably, my rent is high (~2900/month) but most of the other spending is discretionary and during quarantine my expenses have come down and my biggest expense is probably groceries and things from Target/Costco(~$300/month). I try not to eat out as much as possible and max spend $100/month but normally closer to $50). + + +For those of you who are new here or are unsure about getting on board with the advice you’ve read here, I can attest to it and it’s really made a positive change to my life. I feel stable and secure financially, which I have learned is one of my most important values, which puts me at peace. I am thankful. Thank you. +Hello fellow simians, + +Good Morning! and welcome to another edition of; What's GameStop gonna do today? + +Idk yet but find out here, and over on the livestream from 9am-4pm EST [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +So sorry again for the automod failures yesterday thankfully nobody missed much but for future failures of reddit or this sub you can join our discord for live information [https://discord.gg/HbqnUVsSrH](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After Market Wrap-up + +Great day here are closing stats. + +https://preview.redd.it/4qui6jb70zv61.png?width=770&format=png&auto=webp&s=546811b3b7af859ad7b9051c3afd5d2dc9d8e69c + +Thank you again guys for all the support this is officially the most upvoted daily I have done I couldn't have done it without you guys! + +Looking to push 180 tomorrow/after hours, then 185-200 and 250. + +But tomorrow is another day, see you all then. + +Edit 17 3:43 + +Nice turnaround if the volume comes in now we could close above 180 + +&#x200B; + +https://preview.redd.it/x4syj0aswyv61.png?width=842&format=png&auto=webp&s=b5641954d44b091a20b4ecce76e87633e00eb94d + +Edit 16 3:09 + +Low volume downward drift looking like a bull flag + +https://preview.redd.it/8jpt3tgsqyv61.png?width=1094&format=png&auto=webp&s=b48dede0030b1cf766b9d190ae187c1e335b381c + +Edit 15 2:58 + +Moving into power hour low volume still maybe close around 180 again so Wednesday is gap fill day... + +https://preview.redd.it/3qmcdp6zoyv61.png?width=1029&format=png&auto=webp&s=f0fb91644d94dc47d7c042ec7882a54f8d77980c + +Edit 14 2:40 crossed resistance with some volume support looks good we + +&#x200B; + +https://preview.redd.it/hl1007vnlyv61.png?width=1244&format=png&auto=webp&s=0796c99c6d6b0e5fe87d2a0c8f1433034af404e1 + +Edit 13 2:13 + +3rd test of 180 fi we don't get the volume to push up we could see some drop off as this is a triple-top maybe back to 175 + +https://preview.redd.it/dnyp034xgyv61.png?width=1198&format=png&auto=webp&s=722bc75d60724522a2db1d7acb1642a9a17bfbc2 + +Edit 12 1:54 + +Still sideways chop on 180 not much to say or show. Waiting on volume... + +Edit 11 1:28 we pushed through resistance got got beat back down looking for a retest we need a bit more volume this resistance is key. + +https://preview.redd.it/ccpyw0ou8yv61.png?width=1022&format=png&auto=webp&s=3449f86dd2e1a53a62318f3a047367694bf02f76 + +Edit 10 1:08 + +Still Trending up towards 180 hopefully we hold this test/rejection zone till some volume comes into to bring us over 180 + +&#x200B; + +https://preview.redd.it/ztgn0mqa5yv61.png?width=1222&format=png&auto=webp&s=6ecf350579471a0ba6c9a962c449680d9e5a35d1 + +Edit 9 12:36 + +Heading to 180 for a test. Looking strong heading towards power hour. If this keeps up we can see some very relevant movement today. + +https://preview.redd.it/bihbljahzxv61.png?width=947&format=png&auto=webp&s=5aff1da5303b7dbcc5b4571af82bf844cfa43bab + +Edit 8 12:21 + +Testing 175 again, I don't think we have enough momentum to breakthrough but a breakthrough would be good. If rejected dip and and test again is the plan. + +https://preview.redd.it/hxaogaoxwxv61.png?width=520&format=png&auto=webp&s=f90b60c40227eb506be17090d5e69e518c6b26d1 + +Edit 7 11:51 + +Nothing to speak of small volume could push us below VWAP but probably a bounce or chop along resistance + +&#x200B; + +https://preview.redd.it/d1i6xhuirxv61.png?width=921&format=png&auto=webp&s=66ada6a8da27010d95d5de9def070d8091ee26a2 + +Edit 6 11:25 + +Nice uptrend hopefully to test 175. Looks bullish. Volume is low however this is an excellent time for volume to move in + +https://preview.redd.it/4bxzzx10nxv61.png?width=864&format=png&auto=webp&s=58de4e1d6dced792aa9bba14df146111d47641a0 + +Edit 5 10:46 + +Low volume but we are crossing back over VWAP. I'm happy with this. + +https://preview.redd.it/kfv4m0vufxv61.png?width=1243&format=png&auto=webp&s=c6f51fd51e870c9b4c5a2461ea70c2ebe68449bc + +Edit 4 10:30 + +Double bottom looking to re-test VWAP. Slow day... + +https://preview.redd.it/wnrki5jzcxv61.png?width=1184&format=png&auto=webp&s=cf95be824af98f5843561028c77d667b389150eb + +Edit 3 10:04 + +If we continue to dip we can drop to test 162.5 otherwise not a lot happening today. + +https://preview.redd.it/6zhl634c8xv61.png?width=1245&format=png&auto=webp&s=09d96c0b4cfe19eb6127c5ad507c4256e351d159 + +Edit 2 9:47 + +If we continue to slide we can dip to the 162.5 support otherwise I expect we will turn and test VWAP + +https://preview.redd.it/250g08be5xv61.png?width=998&format=png&auto=webp&s=d1be8d3b11a162621b07bbb59f72cbc00f1b6267 + +Edit 1 9:35 + +Ding! filled that gap perfectly trading now above VWAP looking good volume is 400k + +https://preview.redd.it/aiberbz73xv61.png?width=1173&format=png&auto=webp&s=1f6e67d8b6a62268119ec242ed09a25873a92e74 + +# Pre-market Analysis + +Pre-Edit 9:25 + +Might just touch that 169 value to fully complete the gap fill volume is low 35k as of this post. + +Pre-Edit 1 8:20 + +Looks like we filled that gap from the after market on 4/26. This is just natural market movement and nothing to worry about If today provides us with volume I expect to be testing the 180 resistance and then moving up towards the 190-200 channel. Low Volume Could move us back to that 162.5-175 support zone . + +https://preview.redd.it/vfqirk13qwv61.png?width=1457&format=png&auto=webp&s=3d0aea3f79ac5ba426ab5c13907ef9c58cec3562 + +https://preview.redd.it/brf1p9lopwv61.png?width=1270&format=png&auto=webp&s=b29f92acb3045c3b85814e24cba9901b06ccb9ae + +&#x200B; + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +>U.S payment card firms Visa and Mastercard have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow's invasion of Ukraine. +> +>Visa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million for humanitarian aid. Mastercard also promised to contribute $2 million. +> +>"We will continue to work with regulators in the days ahead to abide fully by our compliance obligations as they evolve," Mastercard said in a separate statement late on Monday. +> +>The government sanctions require Visa to suspend access to its network for entities listed as Specially Designated Nationals, a source familiar with the matter told Reuters. The United States has added various Russian financial firms to the list, including the country's central bank and second-largest lender VTB + + [Visa, Mastercard block Russian financial institutions after sanctions | Reuters](https://www.reuters.com/business/mastercard-blocks-multiple-russian-financial-institutions-network-2022-03-01/?utm_source=reddit.com) +What's the overall verdict? I'm sure the answer lies in the middle. + +Having to pay employees more (at corporations/companies who do attempt to give cost of living raises) and having your entire supply chain cost more is a problem. Can you pass 100% of the inflation-related expenses on to your consumers? I don't know. + +Sometimes the market goes up, up, up and the advice passed around here is "billions of dollars need return! bonds too low, inflation good!" + +Then the market goes down and we get news articles about fears of inflation. + +Inflation is here. We're like 38% higher than we were on 02/14/2020 (right before COVID crash) on the S&P. $337 -> $467 on SPY. Far more than the typical 7-10% we see touted around these forums. It hasn't caused the market to stop climbing yet. +# 🚨🚨 THE REAL DEEP FUCKING VALUE IS YOUR NFT TOKEN 🚨🚨 + +**EDIT : TL;DR - THIS KNOWLEDGE WILL TRIGGER MOASS** + +Money is fake. It is a symbol of debt \[[15m video explanation](https://www.youtube.com/watch?v=t5ayg3hbhoM)\]. Debt by the Federal Reserve. It is a [hot potato that nobody wants to be holding onto](https://www.reddit.com/r/Superstonk/comments/p36lko/citadel_and_susquehanna_have_today_turned_to_the/) right now. Not even you, Dear Reader. + +So no matter what the ticker says - the real value is recorded on a blockchain. The stock price can be whatever fucking price they want. It's relative. It's priced low because they **want you to think it's worthless**. It's not. This is why were seeing high trade values **OTC** because yeah. That's what it's fucking worth. The NYSE price is simply their **public low-ball offer** to retail traders. But going rate is hidden on OTC. + +They'll certainly offer you millions (eventually) to get that liability of debt off their hands. Don't accept it. It's bait that you think has value. + +Your [NFT Token](https://twitter.com/3LAU/status/1425503092213231624?t=JnYpftRaH50Sh8VVRbRB9g&s=19) :: Deep. Fucking. Value. + +The USD value is deflating against crypto value. That's why it's getting more expensive (to buy shit) because our currency ($USD) isn't worth shit anymore. It's **DEPRECIATING** from **HYPERINFLATION** \[[1](https://datalab.usaspending.gov/americas-finance-guide/deficit/trends/)\] + +**So why would you sell for a depreciating asset? It's an increasing liability of debt that you would be holding by selling** + +Don't. Sell. Shit. HODL all of it. + +This is the secret the shills don't want you to realize. + +The markets are coming down. USD is losing its value. Free yourself of debt by HODLING. They owe a debt to you from shorting GameStop. They will repay their loan by flooding the NFT with value in ETH. + +Buckle Up. I just like the stock. + +Not Financial Advice. + +# Edit : FAQ to Clear up Misunderstandings: + +Q: \[[Post](https://www.reddit.com/r/Superstonk/comments/p3zcem/selling_more_than_one_share_is_a_mistake/h8xefla)\] + +>I can use USD to buy things. Even if it deflated and a lambo is now $3M Vs 300k. I can use my billions in paper money to buy one. Do you think Amazon, ferrari, and real estate agents are going to accept NFT as cash? + +A: NFT's themselves aren't redeemable. However, they do hold "**rest of your life value**" that you **COULD** sell - but **why would you want to**? + +As GameStop does business and continues to grow and expand, your **NFT ownership** would entitle you to **WEALTH** (**NOT cash** because **cash = debt**) FROM that growth - simply because of how NFT's work. That "cashflow" would likely be in the form of Ethereum (ETH) coin FROM your NFT ownership in the company into your Ethereum wallet. + +It is THIS coin (ETH) that Ferrari would accept that is generated through your NFT ownership. Not the NFT itself. + +[https://twitter.com/3LAU/status/1425503092213231624?t=JnYpftRaH50Sh8VVRbRB9g&s=19](https://twitter.com/3LAU/status/1425503092213231624?t=JnYpftRaH50Sh8VVRbRB9g&s=19) + +# SUMMARY : WE OWN THE FLOAT - DO NOT SELL THEM YOUR NFT; LOCK THEM OUT OF OUR WEALTH! NEVER GIVE IT BACK TO THE CRIMINALS WHO SHORTED THIS FROM YOU! + +# + +# (Don't forget to consider registering your shares in your name with ComputerShare!) +You think you'll hodl, you say you'll hodl, but you won't. + +Here's the thing, I don't know shit, and you don't know shit. So, now that we are both level headed, you and I both agree we are shitbrains that don't know what will happen in the market, let's talk about psychology. + +When BTC 2x, 3x or 5x, your little peepee will get tingly. The memes will be flowing, you'll be big dick swinging in your 1 bedroom basement apartment in the "up and coming" side of town as you check your crypto portfolio multiple times in the middle of the night while people you used to hang out with are out having a good time playing fortnite or whatever the fuck kids are playing these days. + +Despite the fact you've already said that you're "in this for the long haul," you're still checking your portfolio like an instagramer stalks people on their timeline. + +Why the fuck are you checking prices every 15 minutes still if you're a long term hodler? + +The passed10k.gif will come back out of retirement eventually, and you'll be picking colors for your lambo all from your $100 investment into bitshitnect coin. + +Then, it will happen. Nobody knows when, but all it takes is a sudden gush of short term traders to sell and wreck your hard hodl'd gains. + +You will rush to your favorite shitposting site and blast to the world, "I was just up 3x, now BTC is down 50% in the last week! What's going on? It's that damn whale again, isn't it!?" + +A few people will tell you to keep hodling, "This is just the beginning," they say. But you're smarter than that. You just held through a 3x gain, then lost 50% of those gains. You'll soon get your confirmation bias from a couple dipshit redditors, "Derp, 3x gains ain't nothing to sneeze at. Herp, you should have sold then rebought during this correction and you'd have doubled your stack, hurrrr." + +You'll think, "Wow, your hindsight is absolutely right. Next time it happens, I'll be prepared and I will predict the market with 100% accuracy. I'll say I'm a long term hodler, but I'll keep checking the prices 20 times a day hoping to perfectly time the top and bottom. I'm a very stable genius." + +Then, BTC will have a small bounce up of 15% the next week. You'll find someone that you agree with on Trading View that tells everyone, "It's going to go retest the shit support at shit level fibonichi 0.69. The pullout method is upon us, there is a 420% chance I'm right, and .007 chance I'm wrong. I'm not your financial adviser, I'm just a guy shilling my ideas hoping I get enough support to influence the market. No collusion!" + +You'll sell, the market will bounce back up another 20%, you'll fomo, the market will tank another 50%. You'll sell at another loss, it will drop another 10% and you'll run to reddit, "I knew it was going to drop, so I sold! I just made 10% more by selling"...but you didn't actually buy yet because you think it's going to drop a little bit further. + +You won't tell people you also just got wrecked your previous 4 times doing this and you're down more than 70% during a bull run because you kept trying to time the market. + +Of those that are reading this now, my guess is, **at best**, only 1 out of every 100 people will actually DCA or just hodl through the next bull run. + +There are going to be multiple, and I'm talking many month long shakeouts along the way to wherever BTC is going. + +I don't think 99% of people have the patience and the will to hodl through the gains and the massive selloffs. + +You're here now, you've been through a bear market. But, seeing gains is a much different beast. I suspect that once you deal with the 3rd or 4th major shakeout after 3x, 5x, 6x gains, I'm talking truly massive 50-75% selloffs in a few days, that you won't be able to stomach it for long. + +Some have $10,000-$50,000 invested down here. Imagine in a year that you have 2x, 3x, or 5x that. Then, you lose 70% of your gains in a week. + +This is a real possibility, multiple times. Whether you have $100, $1000, or $50,000 invested down here during the bear market, you need to prepare for that feeling of getting absolutely wrecked in a week. + +Some among us are going to have their $20,000 turn into $80,000 or $100,000, then drop to $30,000 or $25,000 in the next 12-18 months. + +Imagine this happening multiple times, this 3-6x then losing 70% of those gains, multiple times in a relatively short period of time. Imagine months long consolidation after a sell off, then another shakeout after you were just wishing you would have sold. + +It's nice to look at a chart in hindsight and say, "Zoom out," but going through it is a lot more difficult than just looking at the past history from a chart. + +You'll be able to hodl through 1 or 2 selloffs, but at some point you're going to be having a stressful week or a stressful month in the next few years. it's going to coincide with a massive selloff and you're going to be sitting there thinking, "shit, I would have been better off just selling last time. This shit is too stressful." + +For the record, there is nothing wrong with selling at a 2x, 3x, or 5x or whatever you choose, but I remain extremely skeptical that people will actually hodl all the way to the top or near the top of the next bull market, let alone being able to predict when and where that is. Even fewer among us will DCA all the way through and sell at whatever the next top will be. + +This is a cruel game, and you won't make it unscathed. Most will fail because of a lack of planning. + +Prove me wrong, fellow hodlers and DCAers. + +Prove me fucking wrong. + +**TL;DR**: Comment based on the title, otherwise read the shit. + +*Edit : For the record, I don't know shit, but I do think the top of the next bull market will be $180,000 to $225,000. I have no idea what happens in between now and then. You don't either. And, again, I don't know that it will actually get there, but my spidey senses tell me that. I'd expect it to be around August 2021 and January 2022 though. In a few years. I'll only have about 50% of my stack by that point because I have certain intervals I'm selling because I know I could be wrong; again, I don't know shit so I'm going to sell as I reach certain targets. I'll be DCAing most of the way through, and I'll see you all in crypto hell regardless, you filthy casuals.* +Been holding GME shares since early January. I saw the price go up above $400, then back down below $40, and held. I saw the price rise back above $350, and then drop back down into the $200s. I've believed in the stock the entire time, and not only held all of my original shares but continued to average up, and down, and sideways. + +&#x200B; + +When you're looking at an investment opportunity like this, yes it's nice to buy the dip so you can afford that extra share with the money you saved every now and then, but it's also important to realize the MOASS could happen any day and every share you can squeeze in before then is another XXX,XXX,XXX amount of gains, so in the end the price you bought it at isn't really that relevant. Just keep buying. Just keep holding. If DFV held through over 2 years of FUD, manipulation, and bleeding, just to become a millionaire almost overnight, we all can hold a little longer. + +&#x200B; + +I love all of you apes. Thank you for making my days, and nights, a little brighter. Thank you for keeping spirits up. Thank you for shoving your fat banana dick up Kenny G's ass. + +&#x200B; + +Keep on holding my beautiful family ❤️💎🦍🚀🚀🚀🚀 +With almost 150B in Cash, they could easily return above the S&P return (inc. dividends) while still having enough dry powder left for elephant size acquisition. +0 features. No balcony, no aircon, no apartment amenities, nothing... ffs. How the hell is this sustainable? Next year its going to be 550? In 2030 are we paying 1k for a shoebox studio? + +Anyone suggest a cheaper place? I need a train line and i work at north sydney or Maybe negotiate a lower rent? Doubt itll work though. +\*Doesn't just apply to Personal Trainers, just using them as a random example + +I was watching a Youtube video of someone talking about their business and they said they earned more money from teaching people to be Youtubers than from their own Youtube videos. Apparently this is fairly common in general in education, hence the title. + +What is your opinion on this? + +I think there is a major exception to this being teachers at schools and lecturers at universities. For example, a finance lecturer isn't going to earn as much as a student who may end up in investment banking. EDIT: Of course, this would be because they are an employee, not a business owner. + +However, I think that if someone had their own business and can teach something in a way that is very scalable, this could potentially be very true. For example, teaching online or to a group of people who are paying you directly (not through a school) or having your own paid downloadable course. +Hey everyone, I'd really appreciate your help here. Although I've spent the past few weeks reading up on real estate investing, I'm obvioulsy still very new at this and am not 100% sure how to do the math since nothing I've read talks about inherited property. + +Here's the situation. My mother passed away recently and my sibling and I will be inheriting her home along with some cash. I'm pretty sure I want to use this inheritance to jump into the world of real estate investing. But I'm trying to determine if it is worth buying out my sibling and renting this property out vs. just selling it and finding a different investment opportunity. + +Here are the numbers. The home is valued around $136,000. That means I'd have to spend 68,000 to purchase it outright. And I'm assuming I'll have to spend about $3,000 updating it before I rent it. My mother has a $415/mo mortgage (6.5% interest) with 32,000 in unpaid principal and a maturity date of 12/2037. Of course this can always be refinanced. + +Monthly income should be $855. Monthly expenses are $270. + +If anyone can look into this for me or at least steer me in the right direction to help me find answers I'd really appreciate it. + +EDIT: I wasn't sure what kind of a response I'd get and I've been pleasantly surprised. Y'all have been incredibly helpful so far. Thanks so much. +Does it seem like the real estate market is finally slowing down? I am on the west side of the country and it seems like houses are sitting on the market longer. +Wrong 180 degrees worth . + +Tell me why and win a stupid prize! + +https://preview.redd.it/98b0n8z9isz71.png?width=322&format=png&auto=webp&s=c60517f3ca6f49e4788f5a67dc8ee2559a43cc10 +New to thetagang strategies after getting rich (to me), and subsequently blowing up my account over and over again, maybe 5 or 6 times over the last year or so. I've aged 20 years in these last 12 months and I'm sitting on a net gain I likely could have accomplished parking my funds in an index fund in this bull market. I am looking for greener pastures. + +I want to know the risk and benefit associated with writing ITM options. + +Lets say you write a cash secured put or covered call that is already ITM, anticipating it will go OTM. Assuming the buyer of the option does not exercise the option while it is ITM, and the option expires OTM, you will not be assigned correct? + +Essentially the only risk associated with this scenario is if it expires farther and farther ITM? Because even if exercised, you'd profit from the extrinsic value if I understand this correctly. Is this a viable strategy whatsoever? + +Any insight on this strategy would be appreciated. I only see explanations of options writing strategies consist of OTM writing. I would like to know if this is viable at all, and if so when? Thank you! +Hi /r/thetagang, + +I am new to options, and have been looking at ARKK. One thing I don't understand is why they have some contracts ending with x.50 and x.96? + +The pattern analyzer in me sees that: + +\- x.00 happens every $1 + +\- x.96 happens every $1 at lower strikes and $5 at higher strikes + +\- x.50 happens only a few times between 153.50 and 157.50 and inconsistently + +Is there some significance to the pennies in the contract value? + +Here's a screenshot from Yahoo Finance: + +[Screenshot ARKK straddle Feb 19th expiry from Yahoo Finance at 10:46am Feb 19th](https://preview.redd.it/d5via56gggi61.png?width=1007&format=png&auto=webp&s=c3960404de7722757e201acfef5c6070b920ca4a) +I was playing around with an option chain that I had copied into Excel, and I noticed that at every strike price, the difference between the call and put premiums equals the difference between the stock's price minus the strike price. + +In equation form, +Pcall - Pput = Pstock - Pstrike + +From what I could tell from my limited observations, this remained true everywhere, down to the cent. + +I would have thought that the put and call prices would have some degree of independence since their prices are simply determined by supply and demand. This suggests to me that there's someone somewhere with a dark room full of computers that monitor trade in real time to maintain this balance. And they earn money by safely skimming cents off of any imbalance. + +Does anybody know anything about how and why this works, or what resources exist that explain what's going on here? +I recently was able to allocate 30k to my broker's account. Currently, I am looking to put around 20k of it into Passive investments (ETFs, commodities, etc.), which leaves around 10k for active trading. Previously, I have been trading with a 1k account, which has mostly been used for selling credit spreads. I would love to hear some opinions from more experienced people in theta gang on what I should do now. +My daughter has just turned 10 and like most kids her age is only interested in robucks or other online transactions. At first I was against spending money on such things, but now I think is it any different to the crap we spent money on pre Internet? + +The only problem is giving her that personal responsibility. As a kid I was given a few quid a week as pocket money which I could then spend on whatever I liked. If I give my daughter a few quid she just hands it back to me because it is meaningless to her. She needs that money online so that she can spend it on the things she wants. + +The problem there is that she can't spend money online safely until she has a debit card. She can't have a debit card for another year. + +So are there any options here besides waiting until she turns 11? +Guten Morgen (¡y hola!) to this global band of Apes! 👋🦍 + +Apes, I cannot help but feel like (once again!) like we are getting closer to the inflection point of this movement, where suddenly the cards will begin to fall and the reality of the situation will be laid bare to the world. The core thesis of the GameStop MOASS movement is that hedge funds have created phantom shares by selling shares that they never borrowed, and have abused their market maker privileges (and deep connections on Wall Street) to hide the true scale of their short positions. We have seen indications of this countless times, but yet the SEC continues to fail to stop the practice and they continue to naked short GME. + +However, they cannot continue much longer. Shareholders have begun voting FOR a motion to approve allowing GameStop to issue additional shares for the express purpose of a share dividend, which the board intends to proceed with if the measure passes. This is not a controversial vote - anyone who owns shares and understands what a share dividend will do to the short sellers is going to benefit greatly from approving the measure. Additionally, between the shares that Apes HODL at ComputerShare and what RC and other GameStop insiders own - there is little chance of the measure failing. Even so, the 300m currently approved shares are plenty to issue a stock dividend, though on a much smaller scale. + +Meanwhile, GameStop is quietly moving forward with its own plan to revolutionize retail. The weekend's hints that May 5th could be a big announcement have me hopeful that we're going to see back-to-back blows against the Institutional Shorts that sends them reeling. They are desperate to get out of their positions before being forced to provide 7 shares for every share they are short. When GME runs in the next few weeks based on announcements in the NFT space, will any SHFs panic and rush to close first? Will the broader turmoil in the housing and stock market cause them to get a margin call? Let's see if we can glean anything in the pre-pre-market! + +Today is Monday, April 25th, 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: **$137.51 / 127,12 €** *(volume: 1174)* +- 🟥 115 minutes in: $137.52 / 127,13 € *(volume: 1170)* +- 🟩 110 minutes in: $137.74 / 127,34 € *(volume: 1161)* +- 🟥 105 minutes in: $137.51 / 127,12 € *(volume: 1158)* +- 🟥 100 minutes in: $137.81 / 127,41 € *(volume: 958)* +- ⬜ 95 minutes in: $137.85 / 127,44 € *(volume: 932)* +- 🟩 90 minutes in: $137.85 / 127,44 € *(volume: 931)* +- 🟩 85 minutes in: $137.82 / 127,41 € *(volume: 831)* +- 🟩 80 minutes in: $137.75 / 127,35 € *(volume: 830)* +- 🟩 75 minutes in: $137.57 / 127,17 € *(volume: 823)* +- 🟩 70 minutes in: $137.53 / 127,15 € *(volume: 700)* +- 🟥 65 minutes in: $137.19 / 126,82 € *(volume: 690)* +- 🟩 60 minutes in: $137.70 / 127,30 € *(volume: 298)* +- 🟥 55 minutes in: $137.69 / 127,29 € *(volume: 262)* +- 🟥 50 minutes in: $137.78 / 127,37 € *(volume: 227)* +- 🟩 45 minutes in: $137.88 / 127,47 € *(volume: 190)* +- 🟥 40 minutes in: $137.84 / 127,43 € *(volume: 185)* +- 🟩 35 minutes in: $137.94 / 127,52 € *(volume: 185)* +- 🟩 30 minutes in: $137.73 / 127,33 € *(volume: 184)* +- 🟩 25 minutes in: $137.64 / 127,24 € *(volume: 118)* +- 🟩 20 minutes in: $137.59 / 127,19 € *(volume: 107)* +- 🟩 15 minutes in: $137.42 / 127,04 € *(volume: 105)* +- 🟩 10 minutes in: $137.18 / 126,82 € *(volume: 102)* +- 🟥 5 minutes in: $137.10 / 126,75 € *(volume: 45)* +- 🟥 0 minutes in: $137.18 / 126,82 € *(volume: 45)* +- 🟥 US close price: $138.22 / 127,78 € *($137.46 / 127,08 € 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 1.0817. 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! +Are there any luxuries you indulge in that you pay cash upcharge for, and if yes, how do you reconcile it with FI mindset or control yourself? Now that I have this big stack of money sitting ready for my FI, it gets very tempting to dip into it a bit for an indulgence like premium hotel/flights or 10-course meals or higher-end tours instead of DIY etc. + +Only a few years ago that would've been unthinkable. + +Note - I'm specifically NOT talking about using credit card points/miles etc to get luxuries, which everyone does. Rather talking about paying straightup cash for a business class flight (when clearly the economy flight would be several hundred $ cheaper), or paying $500+ for a meal-for-two, or paying straightup cash for a FourSeasons/Aman/StRegis etc, when a mid-range hotel would've done also. +I keep seeing people commenting that they haven't made a wallet for several reasons: + +* "I don't use Chrome." +* "Team Android." +* "Waiting for IOS." +* "It's the beta." + +If you believe in the mission, then why not take a moment to create a wallet? I use Chrome solely for the wallet. OR use Brave.com , It's fast and secure and accepts all chrome extensions. Your wallet boosts GameStop's statistics and optimization of the product. [Here](https://www.reddit.com/r/Superstonk/comments/uxeah9/how_to_add_chrome_extensions_gamestop_wallet_on/) is how you can set it up on android. Yes, it's the beta, something gone awry? Let them know! They have done such a great job listening to us and implementing our feedback. + +There are several NFT wrinkle apes creating FREE artwork just to share with everyone! Support your fellow apes! Effortlessly send them some loops through the revolutionary Layer 2 system. u/MrFerno still has a shit ton of [this cool piece](https://www.reddit.com/r/GME/comments/uyctyf/4167542069_to_go_if_you_have_a_wallet_and_want_a/) left to distribute. And on top of that, every transaction between apes benefits GameStop! I don't understand the hesitation... + +I do, however, understand it can be expensive to activate Layer 2. BUT, GameStop being the beautiful customer driven company it is, has implemented a system where a currently activated L2 account can pay the activation fees for a new user! I'm sure I'm not the only ape who would gladly send some loops and pay the minor activation fee for another ape... SO, if you need assistance, please feel free to comment or DM me your NEW L2 wallet address and I'll activate it so you can start collecting those sweet sweet NFTs! And if any other apes are willing to do the same, leave a comment! Apes together strong! + +&#x200B; + +EDIT: Just went through comments. SO HYPED to see all these sexy apes getting involved!! Looks like some other helpful apes were able to setup some wallets as well!! HUGE thanks to those apes, some were unnamed but I saw some comments from u/Suddow, u/wakka_420_, and u/Rpuerta454. Thanks so much :) I'll be back in the morning to check the GME sub post and the rest of my DMs! +**Note:** Before reading, consider if I'm worth my salt. Here's an overview of my performance since I started posting Stock Analysis to reddit: https://www.markovchained.com/profiles/view/reddit:F1rstxLas7. Any good investor heavily considers the underlying performance of a business before buying into them, so why shouldn't we do the same on reddit? + +There have been multiple threads posted to Reddit recently touting the potential that the Uranium industry has over the next few years. Specifically, /u/3stmotivation has done a terrific job with his(?) due diligence regarding the industry. If you had bought in to any of his recommendations back in June after reading his thread in /r/Undervalued here: [The undervalued case for uranium companies](https://www.reddit.com/r/Undervalued/comments/gz833b/the_undervalued_case_for_uranium_companies/), then you likely would've been up 27% on the large cap Cameco(CCJ), 128% on Denison(DNN), and 155% on Energy Fuels(UUUU). He is not the only one expecting Uranium to make huge gains, however, but I would like to use his work as a case study so that we can get an idea of what to expect for the industry. Just as a note, I decided to largely leave fundamentals of the companies and technical analysis out of this post. I can provide info about how I feel about them as well, but decided to put them on hold for now. + +**What is the purpose of this post?** + +Simple. When I read these posts about the Uranium industry having the potential to explode in the near future, I *rarely* came across reasons as to why it *wouldn't* skyrocket. Before buying in, I decided to dive deeper into reactive core to see what I could come up with. + +**The current situation, summed up:** + +If you haven't read through Uranium investment material, I'll sum it up now. The lack of supply does not meet the current and 10 year expected demand. Because of this, the biggest producers are buying from the spot market because it's cheaper to do that than to re-open their facilities for new production. It's predicted that when spot prices hit $50+, these companies can get back to work and make great earnings while doing so. + +I'd like to be clear here... This is not untrue. Contracts will likely be renewed over the next couple years, starting now, driving prices up. + +**Uranium voices say we'll have a repeat of sky high prices during '07 and/or '11.** + +Remember Fukushima? The Japanese Nuclear disaster in 2011 that shut down many facilities, driving Uranium supply up and prices back down? An important piece to the puzzle of investing in a company is public perception and there is no difference when it comes to commodities. For this exercise however, I frankly don't care what the public's perception is. The *reality* is that Nuclear power is safer and reduces carbon more effectively than every other way we produce power. Nuclear power is only getting **safer** because of these kinds of disasters. Regulations are incredibly strict when it comes to Nuclear power because of the implications, bringing my first point into focus... + +**Uranium *can't* be competitive.** + +Industries that are forced to comply with significant safety standards set by government regulations cannot adapt quickly to a changing economy. With that said, the companies that have survived this sector are well suited to withstand the regulations they're forced to deal with. But mooning? That's out of the equation. + +**Renewable Energy is the future/can't power the entire grid.** + +Renewable energy can't power the entire grid and it's not our only future. The reality is that our future is made up of Renewables, Nuclear, Fossil Fuels, and a healthy balance of other energy sources. Why is this the case? Many reasons. Fossil fuels will run out and harm the environment, renewables aren't as productive or reliable and take up a lot of space at the same time, and Nuclear is damn expensive and takes forever to get running. Let's look at this last point... + +**Nuclear is expensive and takes *forever* to get running.** + +It costs *billions* of dollars to get a new Nuclear facility up and running. Natural gas takes a fraction of the cost. Nuclear, while turning a profit at a better rate and with less carbon output than Natural Gas, also takes *at least a half decade* to even be built. Out pacing a Natural Gas facility's profitability doesn't begin until nearly a decade *after* a Nuclear facility is built. And that's *without* further technological improvements of Natural Gas facilities bringing costs down further. Who exactly has 10-15 years and billions of dollars to spend on an endeavor that will likely need heavily regulated maintenance and repairs shortly after profitability outpaces its competitors? + +**Not politicians, that's for sure.** + +The billion dollar price tag for Nuclear can only be covered by 1 purse, the political purse. Let me ask you this, how many high level representatives can you name that have been in positions of power for 15 years? The way you advance in politics is by winning and you have a short time frame to do that. Investing yourself in legislation that pumps up Nuclear energy, against horrible public perception, will not net you the quick wins needed to continue moving up the ladder. No one wants a part of this like they do Renewables or even Natural Gas. + +**So is Uranium actually worth investing in?** + +The short answer? It *could* be, but only for the intermediate term. 3STmotivation specifically mentions a horizon over the next few years and how important it is to keep an eye on spot prices and the industry when we get a few years down the road. Based on what I've learned during my research, this is not a long term play until *significant* improvements are made for Nuclear. + +**What about for the intermediate term?** + +During the bull run from mid 2010 to the beginning of 2011, CCJ, DNN, and UUUU shot up about 65%, 150%, and nearly 500% respectively. Unfortunately, over the following 6 month time frame, they lost basically all of those gains and have been in decline for the 10 years since. Fukushima played its part with reassuring the public that Nuclear was dangerous and may have been a catalyst for this meltdown, but the continual decline in value is evident. These are huge gains, no doubt, but be understanding of the industry as a whole and how the market reacts before buying in. + +**Final thoughts:** + +I ultimately decided ***not*** to buy into Uranium. I think the industry is Undervalued for a reason, ie. valued appropriately. My investment strategy does not include investing or trading commodities so it was easier to pass on this, but that is not to say money cannot be made here. I simply don't believe this to be a long term play and the short/intermediate term is too volatile, difficult to fully grasp, and risky for most investors. 3STmotivation provided great analysis of the industry and the companies that are probably best equipped to benefit from the upcoming catalysts, so I thank him for encouraging my research. + + +Remember, not everything affordable is worth buying. + +If you'd like to read more about my investment strategies and analysis or other Due Diligence that I've done, you can find them on my personal site, [TheStockChartist.com](https://thestockchartist.com). Mods, if this isn't allowed, please let me know and I'd be more than happy to remove this link. + +*Disclaimer: The above is not advice, just an analysis meant for educational purposes.* +I am 22 currently. I make around 50k as a General Manager. I put 5% of my check in 401k and my company matches that 100%. I am very worried about struggling in the future as my parents were very poor. I take some money every week and put it in VOO SP500. I also buy individual stocks. Any suggestions from you old timers? Do you think if I just keep putting money in the SP500 I can be comfortable later in life? +So my understanding is that dividend stocks are tax inefficient, ergo people suggest having them in retirement accounts (e.g. IRA, Roth IRA, etc) so as not to incur taxes on those dividends. However others also tout dividend stocks as good additional income streams. Is it counterintuitive to look at dividends as income if you're just having them sit in a retirement account? +I’m curious to know this as this sub is pretty international and people here seem to have high incomes. + +Personally I’ll end up paying about 59% of my pretax income to taxes. This makes no sense to me as my investment account is only taxed at 0,375% of my total balance every year. Feels like I’m paying more then my fair share. +Just thought a crowd discussion on this topic would be interesting. + +You often hear that any one asset should not be "too much" of your net worth percentage-wise. I personally have not found this metric very useful. For example - if I have a really expensive house, maybe it is an outsized percentage of my network - but as long as my investments are large enough to live off, why does it matter? + + +Another one is owning your own business - I work in startups, so the paper valuation of a business before I've exited always dwarfs my net worth. But I can't actually see why this would be a problem. +Hello all, to explain my situation in as much detail I'm willing to share: + +£9000 loan @ 6% fixed interest over 60 months. + +Repayment = £174 p/m + +What would be best to do with this , as I can get away with using none of it, I figured I could stick it in a savings account and see if the interest on an account could overpay the loan. + +Do savings accounts yield monthly? , can anyone recommend one to use that I can pay all the money into immediately. + + +Edit: I don't want to pay it back , I have prospects of buying a car within the next few months as family is expanding, and 6% is a better rate than the quoted 12.9 from a dealership near me. + +Tia +I feel like I’m in a never ending cycle of being at rock bottom. I’m 22, getting married next month and have no money. I feel like such a loser all the time because I feel like I should be able to provide for my spouse and I’m unable to. I listen to personal finance content pretty much all day while I work but I can’t seem to figure it out. I got rid of my car debt by selling it and downgrading which is good. I make $40k/year and feel stuck. I’m currently on an uber eats shift trying to at least scrape by our frugal wedding. There has to be an up side coming soon cause I feel like I’ve been down here for a while. Our weddings costing us less than $2k and I feel as if I’ll barely see to pay for it but I’m trying to look at the bigger picture and looking at the better position I’m in without the car debt. We had hopes to buy a house but that’s past anything I can dream of at the moment. Gonna work 80hrs a week for the next month and try to keep digging myself out of poverty. +This is the worst conference call I've ever listened to. People need to go listen to this thing when it is made available. His rudeness to analysts was stunning - Tesla keeps having these Skilling moments but this was a big one. + +You can see what the stock is doing AH as the stock is going on. Whatever you think of analysts, you don't do what Elon did on the conference call when they are about to ask a question. + +Edit to add: https://www.bloomberg.com/news/articles/2018-05-02/musk-cuts-off-analysts-for-youtube-questioner-tesla-shares-fall + +Edit II: -6.5% pre-market. +I had an interesting conversation with the head of a billionaire family some time ago. I asked him what role luck paid in his life and financial success (he was 100% self made). He told me that, without question, he got very lucky at several key junctures in his life. But, he said, he can now look back and say that the harder he worked, the luckier he was - the point of the hard work was to set up opportunities for 'luck' to play its role. I thought that was very interesting, definitely something I find to be the case. +I am hiring a full-time nanny for our home and I am trying to establish a better way to pay and manage payments to full-time and independent contractors that work for our family. + +I saw in another thread the most upvoted comment was using Gusto. So that's my initial thought but have a few follow up questions. + + +* Do you hire personally or create an entity to do that? +* How do you pay your nanny when they travel with you? Are you paying just when they are working during the trip? +I've been working for a few years now (I'm 27). It's fine. I like my job, but I don't want to be there 45 hours per week. It seems to me that we spend our best years working/climbing the ladder and accruing (if we're fortunate) an excessive amount of wealth for our retirement. It makes sense to me if I were to work less days over a longer period of time. Basically, plan to never fully retire, but be *semi-retired* for my entire life. + +That would look like: + +**12 months from now** – go down to 4 days per week (3 day weekend!) + +**36 months from now** – go down to 3 days per week (4 day weekend – more time free than working!) + + +At the 36 month mark I should have $100k saved. I invest it in index funds also let some sit in high interest accounts. I imagine only working 3 days a week won't provide enough income for me to save, but it'll definitely be enough for me to live on. + + +My question is: is this viable? Why don't people do this? Is there on the subreddit doing it right now? + + +Here are a few things I've thought of: + +\- Need more money when kids arrive + +\- Need lots of money to retire + +\- Keeping up with the Jones' + +\- Working 5 days a week is 'normal' so we don't think otherwise. Plus more money is a nice idea +We all have read about the 4% SWR for a 30 year retirement. But what if you plan to retire for longer than that? Is it inversely proportional to the length of retirement (2% SWR if retired for 60 years or 50X spending for retirement of 60 years)? + +Have any of you FIRE’d in their 30s-40s and used a different metric than the 4%/25X spending? +https://preview.redd.it/gpcfqwn5t9381.png?width=720&format=png&auto=webp&s=0d17f309d29faa8e95f593d7a130fcfb95c31786 + +**TL;DR: Great ape of history Dr. Jim DeCosta's comments to the SEC in 2003 mentioned the issue of shares held in retirement accounts being illegally used for naked short selling. References issues with retirement account holders requesting certificate pulls.** + +Hey y'all, posted this on a recent post that got some traction but in case it doesn't get eyes on it thought it was relevant. There was some amazing DD/visibility given by the following on this great ape of history Dr. Jim DeCosta: + +u/LaserHawk_ in "**The Ultimate DD about the CEBE (Counterfeit Electronic Book Entries) created by the SBP (Share Borrow Program) within the DTCC. Written by Dr. Jim DeCosta on a forum from 2006. Want it to get immortalized on Reddit."**([https://www.reddit.com/r/Superstonk/comments/q53qzh/the\_ultimate\_dd\_about\_the\_cebe\_counterfeit/](https://www.reddit.com/r/Superstonk/comments/q53qzh/the_ultimate_dd_about_the_cebe_counterfeit/)) + +u/Myumat00 in "**Ho Lee Fuk, we live in a simulation. This was allegedly written 15 years ago, but doesn’t it sound eerily familiar?? Dr. Jim DeCosta fuks."**([https://www.reddit.com/r/Superstonk/comments/q5cr94/ho\_lee\_fuk\_we\_live\_in\_a\_simulation\_this\_was/](https://www.reddit.com/r/Superstonk/comments/q5cr94/ho_lee_fuk_we_live_in_a_simulation_this_was/)) + +&#x200B; + +[Samples of DeCosta's comments found in a search](https://preview.redd.it/59q1o7k85d381.png?width=1488&format=png&auto=webp&s=9e5514d46760d2b76f7c653297b084a0583b9c40) + +Anyways, after following the Fidelity fiasco posts I decided to lazily search for "naked short selling retirement accounts" and wouldn't you know who came up, featuring quotes back in 2003: + +&#x200B; + +*Source:* [https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +>"Until all of the legitimate shares, that is those with a certificate in existence to back it up, are pulled out of the DTCC by shareholders demanding delivery of their certificates, those that bought "fake" shares are oblivious to this fact. This pooling phenomenon gives power to the malfeasor and blindness to the victims. **Notice how the shares in a given b/d's "lendable shares account" are anonymously "pooled" together. Shareholder Sam from Chicago will never know that the shares in his qualified retirement account have been illegally rented out to cover some MM's sale of nonexistent shares....** +> +>**Since many of the frauds being perpetrated in naked short selling involve shares held in qualified retirement plans safeguarded by the 1974 ERISA Act, perhaps the Department of Labor that oversees the ERISA Act could be looked upon as a resource if the SEC is handcuffed by monetary or manpower constraints.** Shares held in qualified retirement plans are, of course, forbidden to be in margin accounts and expressly forbidden from being loaned out; **yet hundreds and hundreds of investors in the U.S. are being refused delivery of their shares after making demand, even for the 60-day rollover period...** +> +>**Retirement shares are an ideal target for these loaning frauds as they are usually held for a very long term and are seldom demanded for delivery due to tax implications**. Committing these frauds against the invested funds designed to allow for a comfortable retirement at a time when the investor can't work is a particularly heinous crime. The shares of the companies usually falling victim to these "bear raids" are typically non-marginable securities trading under $1 **yet the supply of shares being loaned out seems to be unlimited and shareholders holding these shares in qualified retirement plans can't even get delivery of demanded certificates.** +> +>Are the broker/dealers hiding behind the notion that since all of the shares in "street form" are technically held in the name of "CEDE and Co., which is the nominee of the DTCC, then TECHNICALLY the DTCC participants are the "nominal/legal" owners and they can do anything they want with their possession? **What happened to the parameters of Rule 15c3-3 forbidding the loaning out of fully paid for securities and excess margin securities?"** + +I'm sure there's more but it seems that there isn't anything new under the sun and he knew about this issue nearly 20 years ago. + +P.S. Threw a random image for some splash of color from Fidelity because why not. + +EDIT: I forgot the original source. I'm a smooth brain. Also double checked but just in case it's also archived on the Wayback Machine. \*Not financial adviceEDIT 2: Words + +&#x200B; + +EDIT 3: Great comments from u/loimprevisto here and in another thread, wondering if anyone can look up more on this? + +>What happened to the parameters of Rule 15c3-3 forbidding the loaning out of fully paid for securities and excess margin securities? + +What happened to it? They just made up a new [rule/service](https://www.dtcc.com/clearing-services/equities-clearing-services/the-fully-paid-for-account) that says they can ignore it! + +>The Fully-Paid-for-Account is a good control location for compliance with the requirements under Section 15c3-3 of the Exchange Act. +> +>The Fully-Paid-for-Account allows Members to deliver institutional transactions via DTC using customer fully-paid-for securities in anticipation that they will receive these securities from CNS. + +[DTCC's Fully Paid for Account rules? Thread to pull?](https://preview.redd.it/5luk4xrg5d381.png?width=1852&format=png&auto=webp&s=ab4fda96d0eff5a44fac6c01320fbd01cc01cbdd) + +EDIT 4: And revisiting the original text, so perhaps I misinterpreted (can someone confirm) but DeCosta seems to be discussing this here in the context of retirement plans (hence why he says can call the Department of Labor to address it) BUT there are some *juicy* takes here by some apes, like u/Simple_Piccolo: + +>This makes me wonder if that's why VERY EARLY on in this saga we had a HUGE call for buying shares in an IRA account..... + +and u/GotShadowbanned2 + +>Is this related to various state authorities buying Gamestop shares? ALASKA and.. Georgia bought some iirc? + +Very true! And yeah damn so we'd have posts like these show up by users like u/phaaaa & u/cwhaaaales: + +&#x200B; + +https://preview.redd.it/0ozl2utc4d381.png?width=1476&format=png&auto=webp&s=2d4f2d24d5af5e6ac539822c449878ed34f051fa + +&#x200B; + +https://preview.redd.it/kcapdfce4d381.png?width=1458&format=png&auto=webp&s=5abce2142a413b9f2b0dccd312f6b763451d949f + +Some of those takes make me wonder **what if--per DeCosta's comments on abuse of retirement funds--all the retirement funds originally going long on GME was actually a BAD thing for us as stockholders? As these are the types of funds that DeCosta is mentioning that MMs are borrowing shares from against?!?!** + +EDIT 5: jfc this rabbit hole never ends lol + +So per that post about on the retirement holders, went to double check on [fintel.io](https://fintel.io): [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) + + +&#x200B; + +https://preview.redd.it/2x4yd30n7d381.png?width=2150&format=png&auto=webp&s=9e5b01ccaa4fe0f203d5b9d126e9c79399118a65 + +This is the ranking of retirement firms holding GME. The top holder by shares is Cal State Teachers which might make sense since it's so huge perhaps. But look at #2. Does that look familiar to you? Well guess what, IT LOOKS FAMILIAR TO ME. I remember because I actually wrote an old DD on it: [https://www.reddit.com/r/Superstonk/comments/nz5wt0/who\_owns\_55\_water\_street\_in\_nyc\_the\_building/](https://www.reddit.com/r/Superstonk/comments/nz5wt0/who_owns_55_water_street_in_nyc_the_building/) + +&#x200B; + +https://preview.redd.it/d59scbe78d381.png?width=1470&format=png&auto=webp&s=598e3ea8fa001698149ccc07606de21e404f8f2e + +https://preview.redd.it/p905qqym8d381.png?width=1518&format=png&auto=webp&s=0dc1ab7108a57f58198cc788be32b25e91883d51 + +So let me outline this idea: + + +* DeCosta writes that market makers/banks use retirement fund shares/stocks against mom and pop investors. +* One of the biggest retirement funds of all time, Retirement Systems of Alabama, is one of the most profitable but also HAPPENS to own 55 Water St., the building that houses the damn DTCC. +* RSA ALSO happens to be the 2nd biggest holder of GME shares by a retirement group. + +Could it not just be a little fishy that a company so close to the DTCC also has tons of GME shares, which we know may be being used against retail? + +**TL;DR: Great ape of history Dr. Jim DeCosta's comments to the SEC in 2003 mentioned the issue of shares held in retirement accounts being illegally used for naked short selling. References issues with retirement account holders requesting certificate pulls.** +Just saw that some politicians (yes, the guys we pay to work for us) are proposing that pre-tax contributions to 401k plans be reduced from $18,000 currently to approx. $2400. This is disastrous to all (esp. millennials) out there. + +Thoughts? +I am a 22F, full time college student, with a full time job. I am needing to move out of my parents by the end of the year. Like others, I am so nervous about struggling financially, so what are some of your tips? + +How do I figure out what I can afford comfortably/ realistically? How much money should I have saved up? How do you like to budget? + +Side note: None of my friends want to be roommates because they want to live with their boyfriends, so although I know a roommate would be cheaper, I don’t want to live with a stranger and I am wanting to do this on my own! +So I have found out recently that my parents never got legally married, they only had a cultural wedding. My state does not have common law marriage so they would be considered single in the eyes of the IRS (based on what I've read). My parents have always filed as married filing jointly, however, and they have never run into issues. + +Now my dad wants to leave from my mom, so would it be okay if they both start filing as single from now on? Or are there implications since they have filing jointly for the past 20 years? + +Edit: Thanks for the replies everywhere, I appreciate the information, it has been helpful. I thought I should clarify some things. My parents are first generation immigrants so that is why they didn’t understand that they needed to go to courthouse. They really thought their cultural wedding was all that’s needed. I guess no one ever told them otherwise or asked for a marriage certificate because they haven’t run into any issues (yet). I’ll be discussing this with a tax attorney. Thanks again for all the help! + +Edit 2: I should have clarified that they had their cultural wedding in the US, not their country of origin. + +Edit 3: a couple people asked, this is in CA. Sorry I should’ve stated that originally. + +Edit 4 (FINAL): After I posted, I reached out to my county clerk to verify if my parents were married or not. They got back to me and it looks like my parents were both wrong, they actually ARE legally married. I’m pretty annoyed that they somehow forgot and lost their marriage certificate. More so that they sent me on this goose chase, but at least that simplifies things. Sorry, I feel like I wasted a lot of people’s time lol. I learned a lot from this though, so thanks to everyone who replied! +Credits to u/JG-at-Prime for sharing this in the other sub. Crossposting for visibility: + +Link to the audio: [https://www.youtube.com/watch?v=v9WLziFGmng](https://www.youtube.com/watch?v=v9WLziFGmng) + +&#x200B; + +The text was autogenerated and I just split it up according to the persons - please let me know the mistakes so I can change them. + + +**Interviewer:** + +one is how do you think about the you + +know why if you could be so great at + +asset management why do this other thing + +as well and the other is i mean what has + +been the secret to to success and i know + +it's technology but if you can go into a + +little bit more that would be great + +&#x200B; + +**KG:** + +so first of all i think it's important + +to be clear that our that our asset + +management business + +is driven mostly by our + +our performance fees which are our + +profit sharing with our investors + +when our investors make money we make + +money and when our investors don't make + +money we get paid very little + +and this alignment with our clients + +puts us in a position to be laser-like + +focused + +on both identifying opportunities and + +managing the risks of the portfolio + +so unlike + +most of your traditional asset managers + +we're in a very different business in + +terms of having to be just continually + +focused + +on how do you have in the marketplace + +a competitive advantage in identifying + +mispriced assets and opportunities + +around the world + +so that brings us back to the core of + +our market making business which is + +around predictive analytics + +in the hedge fund we spend an incredible + +amount of time forecasting + +where we think for example the price of + +natural gas will be in the united states + +where the 10-year bond yield will be a + +month forward think about that mindset + +of forecasting + +future prices + +and bring it into a very short-term + +horizon say the next + +and then apply those forecasts + +and thinking about how you manage the + +risk inherent + +in a portfolio that is given to you in + +your capacity of providing liquidity to + +the marketplace + +so at 100 000 feet we're in the + +forecasting business + +and in the hedge fund our forecasts tend + +to be + +forecast that are measured over weeks or + +months + +and in the market making business those + +forecasts are thought of as being + +measured in the course of of minutes + +hours or days + +but at the core of both of these + +businesses is very much a focus on + +predicting what the future will be + +so for example in the market making + +business you'll see technologies like + +machine learning being used + +to build your forecasts of future stock + +returns + +&#x200B; + +**Interviewer:** + +got it + +good so let's dive let's dive right into + +it let's start right into the game stuff + +so ken if i'm gonna start just by um + +because gamestop was a little while ago + +so i'm gonna just do a quick i got + +there's a little blurb here on wikipedia + +and i just start by saying i don't + +represent by no means do i represent + +what's on wikipedia as the truth but + +rather just sort of as an expression of + +kind of the gestalt of the commentary + +you know especially around that time and + +just to kind of refresh people who + +haven't have kind of fuzzed out of the + +details so + +um january 25th it was announced that + +griffin citadel would invest 2 billion + +into melvin capital um which was the + +hedge fund that had suffered losses more + +than 30 percent on the short positions + +particularly on gamestop + +um on january 28th robin hood an + +electronic trading platform favored by + +many traders involved in buying game + +stock stock stocks and options which by + +the way you know my firm's involved in + +abruptly announced that it would halt + +all purchases of gamestop securities + +except to cover shorts and would only + +allow those securities to be sold if + +already held but not sold short so in + +other words uh you know robin hood cut + +off basically the ability for the retail + +traders who were who were shrinking stop + +it and melvin capital of the time from + +being able to trade + +um the price of gamestop stock declines + +deeply shortly thereafter + +because robinhood receives a substantial + +portion of its revenue through a payment + +for order flow relationship with citadel + +securities llc + +uh many commentators criticized the + +potential for a conflict of interest + +where the same entity plays the role of + +market maker and also participates in + +the market uh that it makes and of + +course in this case also was a a major + +investor in the in the in the hedge fund + +on the other side of the gamestop + +uh situation so um i wanted to start and + +you know obviously please critique any + +of that that's false um but um you know + +just more generally i would love to hear + +and i know everybody would you know kind + +of from your perspective basically like + +from your perspective like what happened + +like what is the true story of what + +happened during that period + +&#x200B; + +**KG:** + +so you know in broad strokes + +melvin capital was short a variety of + +stocks that became + +of interest to rather savvy and + +sophisticated retail investors + +who realized that the amount of stocks + +short was just disproportionately large + +relative to average daily trading + +and these retail investors realizing + +that there were these unduly sized short + +positions in the marketplace + +started to buy these stocks + +that caused the hedge funds that were + +short these stocks to start to incur + +losses + +and + +you know when firms are losing money + +they almost reflexively start to cut + +their own risk + +so in this case they start to cover + +their shorts and you end up in this + +reflexive pattern + +that has retails by the stock pushing it + +higher + +the hedge funds that are short are + +covering their shorts pushing the same + +stock price higher + +and this this + +virtuous circle + +becomes incredibly painful for the hedge + +fund managers that are short the + +securities of interest + +and we saw this virtuous circle + +playing out in the marketplace + +and on the day that we invested in + +in melvin + +we thought that this had run its course + +in fact it was very clear in the morning + +of the day that we made the investment + +that this short squeeze + +was was apparently dying down + +and we invested money into into melvin + +to take advantage of the fact that a + +number of their shorts had become very + +inflated in price and we expected those + +prices to revert in due course and we'd + +have made a successful investment + +right + +and + +at that moment + +the world changed we had the social + +media + +landscape with some very important + +influencers really lit up on the story + +of gamestop + +as being a stock to get long and and to + +ride to the moon + +and + +melvin + +continued to cover their short + +very aggressively over probably the next + +48 hours give or take i can't remember + +the exact timing of this + +now + +ironically + +i'm almost certain that melvin had + +covered their entire short before the + +28th + +in fact they put out a press release the + +press release would give the exact + +timing of it + +i i don't recall that off the back of my + +hand but i'm pretty certain that by the + +time that robin hood stopped trading on + +the 28th melvin had already covered + +their short and moved on + +&#x200B; + +**Interviewer:** + +and basically just taking the taking the + +losses would be the way to think about + +that + +&#x200B; + +**KG:** + +right yeah they take in their loss + +and they they moved on yeah + +i mean part of what good risk managers + +do is is when they're when they're wrong + +and they can't understand what's taking + +place in the marketplace + +they they + +take it on the chin + +they take their loss and they move on + +now robin hood had a distinctly + +different problem than + +melvin had they had a problem of too + +much success + +robin hood had opened accounts with + +millions of retail investors + +who seen + +this price dynamic plane out in game + +stop + +seeing some of the really important + +influencers and financial markets + +advocating to purchase a game stop + +we saw an absolute deluge of retail + +buyers of gamestop unlike anything + +i think the markets have ever seen + +before + +the problem that's created for robin + +hood + +is this very concentrated + +position of buying + +required them to post + +good faith + +margin + +with the clearing house that everybody + +on wall street uses + +and i believe that that good faith + +collateral requirement was order of + +magnitude three billion dollars + +yeah that's right + +of cash + +yep + +and robin hood simply didn't have three + +billion dollars of shareholders equity + +to draw on + +to post that margin + +and so because of their incredible + +success + +they needed to restrict trading at that + +very moment in time where i'm certain + +they would have wanted to continue to + +trade + +to gather the revenues associated with + +trading but they couldn't because they + +had + +to let some of those purchases work + +their way through the settlement cycle + +to release the demands for cash + +collateral + +and of course as you know robin hood was + +out trying to raise capital at that + +moment in time to generate more cash to + +give them the flexibility to make the + +margin calls that they had to make + +&#x200B; + +**Interviewer:** + +mm-hmm + +yeah and in fact you may know our firm + +participated in that in that round in + +that in that sort of in that sort of + +injection + +&#x200B; + +**KG:** + +and i'm certain that was a successful + +investment for your firm + +&#x200B; + +**Interviewer:** + +yeah yeah that + +was good um + +you know there's a couple of kind of + +claims that have you know kind of went + +viral around that time that i think you + +know probably are still you know kind of + +still circulated around so yeah one one + +is this kind of idea + +you know so this idea that on the one + +hand you've got this relationship with + +melvin capital where you're now big + +investor you know on the other hand + +you've got this relationship with robin + +hood you know where they get a lot of + +their revenue from you know from uh for + +payment for order flow through you know + +through your through your market maker + +um and so there there's this perception + +developed that you're kind of sitting in + +the middle of this web and kind of + +pulling strings and then there's this + +kind of you know shadowy consortium or + +whatever they call it in the background + +and they're issuing this this overnight + +demand for for money and that's you know + +presumably like somehow rigged up by + +wall street so like how do how do you + +kind of process through + +like you know yeah what's your what was + +your reaction to kind of finding + +yourself in the spotlight on that kind + +of thing and how do you kind of process + +through trying to explain to people what + +what the reality of the situation was + +&#x200B; + +**KG:** + +well i have to say that that processing + +conspiracy theories is not one of our + +core competencies + +so we were a bit slow out of the gate to + +to + +dispute this this ridiculous set of + +claims just given like + +we don't find ourselves the middle + +conspiracy theories very often + +so as a large market maker in fact the + +largest market maker in the market + +in late january in gamestop in a-m-c in + +the other meme stocks you know we were + +very interested in seeing the + +continuation of trading both buys and + +sells + +one-way flow is a really difficult + +proposition for a market maker + +all you do is you've got one-way flow so + +people keep selling you stock you keep + +accumulating inventory what are you + +going to do + +you make your money as a market maker + +from the bid ask spread of buying and + +selling getting into and out of a + +security over the course of a day + +so + +we as a as a market maker + +we're the largest market maker in this + +in this period in late january because + +of our operational capacity to take on + +the operational risk and capital demands + +that were inherent in this incredible + +increase in participation by retail + +investors + +so in contrast to robinhood we had the + +financial strength + +to meet our collateral calls + +we had the operational bandwidth to meet + +the demands of the marketplace on our + +business + +and then with respect to to melvin you + +know as i spoke about it earlier + +i + +they're short and game stop was the best + +of my knowledge like already gone or + +virtually gone it wasn't even in our + +minds on the day of the 28th like didn't + +even think about it + +and so the fact that people made that + +connection x post was certainly not a + +connection that i had made a prior + +&#x200B; + +**Interviewer:** + +got it right see we're sitting there + +thinking we have to optimize the value + +of this investment we just made it in + +capital + + +**KG:** + +no + +&#x200B; + +**Interviewer:** + +okay and then there's two just + +absolutely and then we'll let alex have + +to ask more detailed questions but + +there's just two things that are just i + +that i actually learned i i knew kind of + +intellectually but there was something i + +i knew intellectually but didn't realize + +kind of emotionally or viscerally until + +i saw it happen which is + +um + +you can't if if you are short a stock + +you know if you're a fund and you're + +short of stock + +you cannot and and can't correct me if + +this is wrong you can't close out that + +short without delivering that stock + +right which is which is to say like i + +can't if i'm short whatever and it's + +whatever i'm i you know i i and i offer + +you a hundred dollars to close out the + +position 500 suppose the position a + +thousand dollars close at the position + +ten thousand dollars close that's + +position i can't close out the position + +without the actual share of stock + +because the the the because basically + +you know there's in theory potentially a + +limited downside if the stock keeps + +rising + +um is that technically true + +&#x200B; + +**KG:** + +so + +for + +99.99 of situations + +of which this was one of that 99.99 you + +had to buy the actual shares back if you + +were short and trying to cover your + +short + +so for all intents and purposes one + +should view if somebody's short of stock + +they're gonna have to one day buy those + +shares back + +in the marketplace as a regular way + +trade + +what's by the way just like you're + +asking what's the 0.01 percent exception + +you know i sometimes professionals over + +the years i've seen people willing to + +settle short for cash in lieu + +but that's almost always the context of + +things like tender offers for a company + +okay right so if companies are being + +bought for stock or sorry for cash let's + +call it you know + +general electric's gonna buy a company + +they're gonna pay 24 a share + +once the tender closes if you were short + +that stock + +since the tender's closed the company's + +been bought + +you can under those circumstances settle + +your liability for cash + +yeah + +but yeah but and what you're describing + +is a particular kind of bounded + +situation with presumably minimal risk + +in contrast + +the shares are gone the company's been + +bought and how do you how do you wrap up + +that contractual situation amongst the + +parties + + + + +**Interviewer:** + +right but if there's unlimited if + +there's unlimited if there's a limited + +potential future downside you can't get + +a counterparty uh who won't settle who + +will who will trade who will settle you + +out for uh for anything short of the + +actual stock + +&#x200B; + +**KG:** + +if if one of the challenges you have as + +a short seller is your risk is unbounded + +right + +and so that's that's why when people are + +constructing portfolios of longs and + +shorts their short positions tend to be + +much smaller than their long positions + +on a relative basis + +because the risk on the short sides + +unbounded in comparison to the risk on + +the long side positions + +&#x200B; + +**Interviewer:** + +and then that leads to the second thing + +which i'm just you know i'm just called + +up the game stock the game stops stock + +price + +i guess i get the terms gamestop stock + +and stonk confused in my head all the + +time now + +um but um the game stop stock price + +uh you know we're sitting here now what + +almost a year later and it's still um + +the market cap the stock price is still + +179 + +dollars a share + +um uh which is up you know it's up a + +thousand percent uh from uh from a year + +ago um and the the market cap of the + +company is almost 14 billion dollars and + +if you just look if you look at the + +chart it's not quite you know it's not + +at the all-time high that it got during + +the the truly crazy period but like it's + +not that far off it kind of peaked out + +at over 300 and it's still at 179. it + +certainly hasn't fallen back to where it + +started + +um are you surprised that and i guess + +you know but i guess the logical + +implication of that is there are still + +you know the suggestion i think that + +that price might be telling us is there + +are still funds out there that are short + +that haven't been able to buy back and + +the reddit the reddit horde is still + +torturing them or is that is there some + +other explanation for or maybe maybe the + +company's by the way much better right + +is the other possibility but like are + +you surprised that that stock is held up + +because i think a lot of you know the + +commentary at the time was obviously + +this thing is going back to you know + +near zero + +&#x200B; + +**KG:** + +well i you know i think it's it's + +incredibly complicated situation first + +of all the management team of the + +company did a great job of buying back + +its own stock + +you know ballpark two years ago at much + +much lower prices + +so the company the company bet on its + +own future and bought back a fair number + +of shares + +i think was the single dollars per share + +back you know roughly two years ago and + +that's that's in rough strokes i'm not + +i'm not a game stop expert per se + +but my member serves me right that's + +what they did about two years ago + +and then there's been a you know the + +rise of a significant new investor the + +founder of chewie + +and he has an incredible reputation as + +being an entrepreneur + +and really understanding how to connect + +with the consumer + +in a profound way in an e-commerce + +environment + +and if somebody's going to figure out + +how to how to turn gamestop into a + +successful ecommerce-based platform he + +behind the list of people to do it yeah + +and that's that's the question can they + +pivot from several from from a huge + +footprint of stores around the world + +with a relatively high cost of + +distribution + +to an e-commerce led company with a + +broader mandate that's able to engage + +the consumer in a profoundly different + +way + +and the market price today reflects + +people's views on that very same + +question + +the the current short position in the + +stock + +is is actually quite trivial compared to + +what it was just a year and change ago + +virtually all the + +short players are long since gone from + +this name they've given up trying to + +understand + +how to price gamestop with with + +with uh the founder of chewie at the + +helm + +&#x200B; + +**Interviewer:** + +yeah if you look at by the way if you + +look at the five year chart it it looks + +like a partner part in the metaphor it + +literally looks like a corpse that + +suddenly came back to life + +um + +it it's just this flat sag for like four + +years and then there's this crazy spike + +you know during the during the reddit + +drama and then there's this kind of + +choppy but like fundamentally as you + +said kind of you know this is kind of + +new this kind of new normal at least for + +the last like whatever nine months + +&#x200B; + +**KG:** + +um you know + +yeah the question here is + +and and you know i + +i play my xbox + +yeah i just got called dude advantage + +i downloaded it + +yep + +i didn't walk into a store + +&#x200B; + +**Interviewer:** + +yep well i mean that was that that was + +the presumption + +&#x200B; + +**KG:** + +right prior to the + +reddit prior to the reddit the reddit + +guys figuring out the you know the the + +short situation right that was the + +presumption right that was the + +presumption the presumption was the + +world was going to go to digital + +downloads so fast + +that gamestop would not be able to + +change its cost structure quickly enough + +to adapt to that brave new world and + +they were going to meet the same fate as + +blockbuster + +&#x200B; + +**Interviewer:** + +yep right + +&#x200B; + +**KG:** + +right and blockbuster actually dates you + +and i once again like videotapes to a + +lot of people are just uh like they see + +them in movies they don't actually know + +that we actually went to blockbuster and + +used to rent them + +&#x200B; + +**Interviewer:** + +well there's actually again there's a + +new netflix movie coming out to just to + +pour salt in the wound i think netflix + +is just is making a movie i think it + +might just have come out called the + +the last blockbuster + +and it's literally a movie about the + +last video rental store so um at long + +last they've uh + +i think they're spiking the uh the ball + +in the touch in the in the end zone + +&#x200B; + +**KG:** + +so that's pretty funny and so my first + +question is as well you know will the + +management team at gamestop + +find ways to connect the consumer + +that are different than what they were + +doing three or four years ago + +that create value for consumers for + +which they get paid to do + +&#x200B; + +**Interviewer:** + +yeah and then + +good well the well the reason i brought + +this up the five year charter is it goes + +to the point you made i just want to + +explore one more one one more level + +which is um + +you know this is a situation like you + +can tell a very different story here the + +story basically is they had this you + +know they they were in trouble then they + +had this exogenous event caused by you + +know the mechanics of the of the stock + +market and then to your point like + +they have seized in the best case + +scenario they've seized on the exogenous + +event to now construct a better future + +for themselves + +&#x200B; + +**KG:** + +no doubt no doubt + +they raised a tremendous amount of + +capital right + +to create a war chest + +that gives them the flexibility to + +pursue + +a variety of different business + +strategies + +&#x200B; + +**Interviewer:** + +yeah and so it's like this it's like + +this unusual reverse move though where + +it's like it's and by the way we see + +this in our business and + +it's it's speculation creating reality + +right like potentially in a really + +positive way + +&#x200B; + +**KG:** + +so that will that the markets will judge + +that in retrospect right were the people + +that bought gamestop stock from the + +company over the course of the last year + +brilliant or not and we'll find out + +based upon the success the the failures + +or success the merits of where gamestop + +takes their business + +yep good okay by the way that's what + +makes america's capital markets work + +differences of opinion + +drive our capital markets i just + +remember a few months ago hertz was left + +for dead in the middle of the pandemic + +they were in bankruptcy + +and they went to raise money in the + +stock market and the sec said you can't + +do it an offer you're you're bankrupt + +yep right and now hurts is this + +incredible success story + +yep + +so i think we all have some level of um + +humility about our ability to forecast + +how any given company is going to + +progress + +prosper or fail + +&#x200B; + +**Interviewer 2:** + +well i think i think that's one of the + +great things here is that it turns out + +retail is very smart sometimes called + +retail dumb money but actually + +and i mean smart on tesla + +smart paradoxically on something like + +hurts which was bankrupt and potentially + +smart on many of these others one of my + +favorite things is if you google apple + +ipo massachusetts there's an article in + +the wall street journal about how the + +state of massachusetts to protect the + +general public banned their + +participation in the apple ipo which is + +of course now the biggest company in the + +entire world + +so it turns out sometimes retail + +investors are smart and uh you know i i + +would argue that right now it's a better + +time to be a retail investor than ever + +before + +&#x200B; + +**KG:** + +uh you know i think it's always + +important to remember that that a number + +of your retail investors are they're + +intrinsically optimists + +and when they see a great product + +run and a company run by an inspired ceo + +they're willing to put their money on + +that + +they're willing to believe the future of + +america they're willing to believe in + +the tesla story + +&#x200B; + +**Interviewer:** + +yep and get rewarded get rewarded + +appropriately and and motivate and + +motivate more entrepreneurs to build + +more companies like that + +yep good okay look i would love to keep + +going we have you know we could go for + +hours on this but uh we're coming close + +ken to the end of your time so i wanted + +to also i want to ask you about the + +other thing you've been in the headlines + +for recently in our world as well as + +more generally which is uh your purchase + +of the us constitution and your + +competition and your uh your uh you're + +just very narrow i think trouncing but + +you're trouncing of the uh of the + +constitution dao uh web 3 project that + +that got a lot of attention like you + +know consortium of three crypto people + +that were trying to buy the same uh the + +same uh constitution so maybe tell us + +tell us a little bit about that how how + +did that go down from your perspective + +&#x200B; + +**KG:** + +so first of all it didn't go down + +the constitution + +is one of the most sacred documents in + +the history of our country + +and as many of you are aware i have a + +great passion in governance in public + +policy + +in how to make sure that america stays + +the land of opportunity it's incredibly + +important to me it's it's a huge focus + +of my my charitable activities + +is to broaden the safety net in america + +to create opportunities for people to go + +to our finest schools + +to ensure that america continues to be + +really that that shining light on top of + +the hill + +and so when that constitution came up + +for sale i i actually saw it several + +weeks before the auction + +and it's one of those moments i i walked + +out of sotheby's and told the friend i'm + +like i'm going to buy that + +because to own such an important part of + +the history of america and really the + +just the profound wisdom of the words + +transcribed on that paper by the thought + +leaders of our nation + +that that was truly important to me + +and then nothing like seeing the + +constitution dao raise just a + +mind-blowing amount of money + +in in a few days in front of the auction + +and what a statement about community + +i mean i am blown away by the passion + +of the community + +to come together to + +share this document with our country + +and just as i will share this document + +with our country i was really impressed + +to see so many americans willing to put + +up money to make that happen as a + +reality + +and so the the night of the auction you + +know what i've learned over the years in + +auctions simply the person willing to + +pay the most wins + +there's no grand jury being the winner + +at the auction you're just willing to + +pay more + +in fact you might be saying you're the + +person willing to pay more than anybody + +else in the world at that moment in time + +that's not always where you want to be + +in life + +but i was fortunate enough to to have + +the financial resources to acquire the + +constitution + +and as you're well aware i've already + +committed to lending it to crystal + +bridges + +where it will be shared with hopefully + +over the next few years millions of + +americans and crystal bridges is a + +really special place it touches touches + +the midwest in a profound way it touches + +the south in a profound way a huge + +number of the people that go to crystal + +bridges have never set foot into an art + +or history museum before in their lives + +and to really share the american vision + +with so many people i hope is an + +inspiration to our youth about the + +greatness of our country + +about the greatness of our founding + +fathers and we didn't get everything + +right but we changed the world + +and will inspire + +people to pursue both + +public service and to pursue how can + +they make america better + +&#x200B; + +**Interviewer:** + +yeah + +when do you think uh well where exactly + +is that and when do you think people + +will be able to go see that + +&#x200B; + +**KG:** + +so it's going to crystal bridges i don't + +have their opening date yet but it will + +be early in 2022. + +&#x200B; + +**Interviewer:** + +got it + +that's fantastic that's great hopefully + +a lot hopefully a lot of people uh go i + +would love to i would love to go see + +that + +good so i can't think of a better way to + +end the conversation and we're right at + +six so ken wanted to thank you for your + +time and and for uh for uh getting into + +these uh these exciting topics with us + +and and we really enjoyed having you + +what a pleasure great to be with both of + +you tonight + +&#x200B; + +**KG:** + +thank you so much for having + +had made the time + +&#x200B; + +**Interviewer:** + +good awesome fantastic + +thank you everybody in the audience for + +joining us and we will be back we'll be + +back soon + +okay thanks so much thanks ken + +great thanks ken + +great good night everybody thanks ken + +thanks everyone + +Finish +I figured this might make an interesting top-level discussion, and given all the recent drama about too few posts, well, *be the change you want to see* and all that. + +I'm positing that this is a valuable discussion topic because I've seen confusion on this sub about how Social Security works and whether or not you should even consider it in your FIRE plans. Given that many people here plan on retiring early, I think it's helpful to understand the eligibility requirements and mechanisms of the program. + +**Disclaimer**: There are many contexts I'm not considering here, like teachers who pay into a pension system instead of Social Security. I'm writing this from the perspective of someone in the private sector in the US for their whole career. I'm not covering non-US citizens who have paid into Social Security or US citizens who worked abroad. Finally, I am not an expert, I'm just an internet stranger who has read a bit about the program. If I got something wrong, please correct me in the comments, we're all striving for a more perfect understanding. + +# What is Social Security? + +It's officially called **Old-Age, Survivors, and Disability Insurance**. For the purposes of this discussion, I'll focus on the old-age part. It is **not** a retirement vehicle where your individual contributions are placed for your later withdrawal, rather it functions more like a [QLAC (qualified longevity annuity contract)](https://en.wikipedia.org/wiki/Longevity_insurance), but with a strong tilt toward social safety net. It was officially signed into law in 1935 with an aim of reducing poverty among the elderly. + +From recent [CBPP research](https://www.cbpp.org/research/social-security/social-security-keeps-22-million-americans-out-of-poverty-a-state-by-state) on Social Security and poverty: + +> Without Social Security, the poverty rate for those aged 65 and over would meet or exceed 40 percent in one-third of states; with Social Security, it is less than 10 percent in two-thirds of states. + +Alternatively an [excerpt from the PGPF](https://www.pgpf.org/blog/2018/09/what-effect-does-social-security-have-on-poverty): + +> Social Security drastically reduced poverty for the elderly. Without income from Social Security, two thirds of the elderly would be considered poor. Social Security reduced the poverty rate to 16 percent in 2008. + + +# How are benefits determined? + +### Credits + +To be eligible for Social Security you need a minimum of 40 "credits". As of 2020 you earn a credit for every $1,410 with a maximum of 4 credits per year. So if you make at least $5,640 / year (in today's dollars) for ten years then you're eligible. In keeping with the spirit of the program there's a low barrier to qualify for the most basic level of benefits. + +### Averaged Indexed Monthly Earnings (AIME) + +Social Security keeps track of your eligible annual earnings. When calculating your benefits, they will count your top 35 years. If you've worked less than 35 years, you've got zeros counting against you. Past years earnings are adjusted for inflation by using multiplier values which the SSA [maintains a list](https://www.ssa.gov/OACT/ProgData/retirebenefit1.html) of. + +Your AIME is then calculated by taking the adjusted total of those highest 35 years of earnings, dividing by 35, and then dividing by 12. + +So if your total indexed earnings were $1,000,000 as of today, your AIME would be: +$1,000,000 / 35 / 12 = $2,380 + +### Income caps + +Social Security places a cap on how much of your annual earnings count towards your AIME, in 2020 this cap is $137,700. It doesn't matter if you earn more, this is maximum value that will go into your earnings history for the year. That may sound unfair at first brush, but past this point you also stop paying Social Security taxes on income. + +### Primary Insurance Amount (PIA) + +Now we get to the part people really care about, your AIME is translated into a PIA through a formula. PIA is what your monthly payment would be at full retirement age. + +How does this formula work? You can read it from the source [here](https://www.ssa.gov/oact/cola/piaformula.html). The short of it is that there are two bend points in the PIA curve, you can think of it as three brackets where each bracket gives you a worse return than its predecessor. + +For AIME <= $960, you get 90% income replacement + +For AIME > $960 and <= $5,785 you get 32% income replacement + +For AIME > $5,785 you get 15% income replacement + +--- + +This is where the social safety net behavior becomes most apparent, it's easy to qualify for the first $864 in monthly social security benefits since you get 90 cents on the dollar, but progressing beyond this is much slower going as you pass the first bend point and slower still when you hit the second bend point. + +--- + +Let's run an example, carrying over our $2,380 AIME from earlier: + +$960 * .9 = $864 + +$1,420 * .32 = $454 + +$0 * .15 = $0 + += $1,318 + +This mean Social Security would pay you $1,318 a month at 67. There's a whole different calculation for starting benefits earlier or later which decreases or increases your payments, but I'll leave that for another discussion. + +# RIP Social Security + +### Isn't Social Security running out of money? + +I hear this a lot. Invariably when Social Security comes up in the daily thread you'll see some people say they don't even count it because they don't think it'll be around when they retire. It's true that Social Security is paying out more money than it takes in but this is a [recent development](https://www.ssa.gov/policy/docs/ssb/v75n1/v75n1p1.html). Over the last few decades the program actually ran an overall surplus which went into a trust fund and was [invested into treasury securities](https://www.cbpp.org/research/social-security/policy-basics-understanding-the-social-security-trust-funds). That trust fund has $2.9 trillion dollars. + +You'll see [people say that Social Security went into a deficit in 2010](https://www.heritage.org/social-security/heritage-explains/the-state-social-security), which is true on a taxes in vs benefits out basis, but that ignores the interest income that Social Security receives from its invested trust fund assets. Up until 2020 or 2021, that interest income has been enough to make up the shortfall. Unfortunately this means Social Security is now starting to eat its nest egg. + +Under current projections, the trust fund has enough money to [allow full payouts until 2034](https://www.ssa.gov/OACT/TRSUM/index.html). But what about after that, game over? + +Not quite, if the trust fund is fully depleted, Social Security will only be able to pay out in benefits what it receives in taxes. As of right now, that's projected to be about 77 cents on the dollar. What that means is, if nothing else happens between now and trust fund depletion, you'll take a 23% haircut on your projected benefits. That's not great, but it's a far cry from the whole system imploding. + +### No, seriously, I heard Social Security was going to explode + +Every so often someone will write a [scary story](https://www.cnbc.com/2016/08/08/social-securitys-looming-32-trillion-shortfall.html) with obscenely large numbers. These are almost invariably based on the infinite horizon projections in the annual [Social Security trustees report](https://www.ssa.gov/OACT/TR/2019/). + +The infinite horizon projection takes the 75 year projection and extends it into infinity. If this sounds like it might not produce sane numbers, [many actuaries agree with you](https://www.actuary.org/content/actuarial-perspective-2018-social-security-trustees-report-0): + +> The infinite horizon projections project all annual balances beyond 75 years assuming that the current law, demographic assumptions, and economic trends from the 75-year projection continue indefinitely; in practice, this is highly problematic. Projections over an infinite time period have an extremely high degree of uncertainty. Troublesome inconsistencies can arise among demographic and program-specific assumptions. By assuming that longevity keeps increasing forever while retirement ages remain static, for example, the infinite time period forecast will eventually result in an extremely long period of retirement. + +# What's FIRE got to do with it? + +That was all interesting, but what are the takeaways for someone interested in FIRE? + +### Make sure you're eligible + +First and foremost, get those 40 credits! Unless you strike it very rich early on, it's a good hedge to make sure you're eligible for at least the basic levels of Social Security benefits. You're hopefully looking at a long retirement and these payments may help considerably twenty or thirty years down the line. + +### Max out the first segment of the PIA curve + +If you work for at least ten years and make >= $40k / year, you'll both qualify for Social Security benefits and fill up the first (and most generous) part of the PIA curve. For most people here it'll probably just happen as a matter of course. + +### Be realistic about Social Security + +It's extremely conservative to entirely exclude Social Security from your plans. Pricing in a haircut seems prudent. Even if political action is taken to shore up finances, it may have the same net effect to a well-off FIRE person (i.e. heavier taxation of benefits, means testing, etc). I'd be wary of simply taking the stated monthly benefits you see now at face value if your benefits are more than 10 years out. + +### A couple of naive strategies + +Here are two different ways I've thought of Social Security over the years in my plans. I'm not presenting these as recommendations or fully formed plans, but providing them as an example. + +##### Safe withdrawal rate + +Goal: Boost your starting SWR by accounting for your eventual Social Security benefits + +ERN has an [interesting write-up](https://earlyretirementnow.com/2017/07/19/the-ultimate-guide-to-safe-withdrawal-rates-part-17-social-security/) that discusses accounting for Social Security cash flows when planning your safe withdrawal rate. Admittedly he does not think it changes much for very early retirees, but depending on when you retire and what your expected benefits are, Social Security can have a non-trivial impact on your SWR. + +##### Longevity insurance + +Goal: Guard against an unexpectedly long life + +In this scenario you're mostly planning on your own funds to see you through your early retirement, and you want to maximize the cash flow from Social Security in the event that you somehow live to 90 or beyond. In this case you'd want to defer your benefits as long as possible (70 years old) to increase the monthly benefit. The downside to this approach is that if you don't live that long (say you keel over at 75), you've made a sub optimal choice with regard to total payout. In the context of insurance though, this is could be a fair trade-off. A QLAC or deferred annuity is a more straightforward proposition for such hedging but for most people Social Security is mandatory anyway. + +### Be aware of your progress + +You can check on your current credits, AIME and PIA by plugging your numbers into [https://ssa.tools/](https://ssa.tools/). I've got no connection with this page, I just think its a nifty tool. You can get your numbers by signing into your [ssa.gov account](https://www.ssa.gov/). + +**Note**: If you're just signing up for an ssa.gov account, be aware that they need to pull your credit information from Equifax to verify your identity, so if you've frozen your credit with Equifax, you'll actually have to do a temporary lift before applying. Yes, everything about that last sentence is ridiculous. + +From their [account creation page](https://www.ssa.gov/myaccount/create.html): + +> If you have a security freeze, fraud alert, or both on your credit report, you can still open a my Social Security account by temporarily lifting it. + +### Spousal benefits + +Another fun tip is that if you're married and your partner has a much lower income and / or becomes a stay at home parent, you can look into [spousal benefits](https://www.ssa.gov/planners/retire/applying6.html). This lets your partner receive a monthly benefit equal to 50% of your own regardless of their work record. Obviously you'd want to crunch the numbers to see if your partner is eligible for a larger benefit based on their own earnings history. + +### Retiring abroad + +Retiring abroad is a common theme amongst a certain segment of the FIRE population. + +SSA provides a [full page](https://www.ssa.gov/international/payments.html) of information regarding receiving payments while outside the US. The short answer is that if you're a US citizen who is eligible for benefits, you should be able to get your payments regardless of where you live, so long as that where isn't North Korea or Cuba. They even provide a [guided questionnaire](https://www.ssa.gov/international/payments_outsideUS.html) to help you determine if payments will work in your specific situation. + +# Conclusion + +At the end of the day, Social Security is a safety net more than it is a retirement mechanism. Its goal is to help cash strapped seniors make ends meet, not support a great or even good retirement on its own. For many people here, however, it represents a non-trivial cash flow on the back end of their retirement and it shouldn't be dismissed lightly. + +Don't assume Social Security will look or pay the same 30 years from now. On the flip side there would be objectively bad outcomes for a significant portion of the elderly population if it went belly up. I could be wrong, but I don't think eliminating Social Security would be a popular political agenda. + +That's about as long a wall of text as I am willing to write, and probably longer than most people are willing to read. For those of you that did read it through, I hope it helped. +Lately several central banks in Europe have implemented a negative interest rate policy aka NIRP on excess bank reserves in the financial system. Japan is the next country that will be affected with the NIRP. + +For a country where there are 7 national banks operating and many, many other megabanks and postal banks, residents are estimated to have as much as 8-10 accounts per adult on average. This is mega ultra bullish. Not resident but adult, keep that in mind. + +I used to live in Japan in my youth and people store insane amount of money across several different banks in order to get those sweet returns. And crypto is far from popular there. US and EU is years ahead in terms of adoption compared to Japan where its still almost unheard of to be holding crypto. People think Japan is super ahead of others when it comes to tech but its quite the opposite. Fax machines are still the king of sending the documentation and important data in banks. + +According to the data from Bank Of Japan, there are approximately 920,000,000 reported bank accounts in Japan. Given that there are about 125 million people in Japan and about 13% are children this brings you to about 10 accounts per adult on average. + + +According to the latest [Statista report](https://www.statista.com/topics/7629/banking-industry-in-japan/#topicHeader__wrapper) the banks assets in Japan are worth above 18.5 trillion dollars. Coinbase knows that and thats exactly why they decided to go in Japan now. They see this opportunity of a lifetime. + +With negative interest hitting the Japanese hard, we will very likely see a massive influx of people coming to crypto. And when that happens…market will go insane. Mark my words +https://www.cnbc.com/2020/09/14/nvidia-to-buy-arm-holdings-from-softbank-for-40-billion.html + +>Chipmaker Nvidia has agreed to buy Arm Holdings, a designer of chips for mobile phones, from Softbank in a deal worth $40 billion, the companies announced Sunday. The deal will be for a mix of $21.5 billion in Nvidia stock and $12 billion in cash, including $2 billion payable at signing. +I'm a programmer in my mid 30's, married, no kids. 7 years professional experience. I've been at my current position for 4.5 years. + +I work for a small company in California and I make $28.50 an hour on a contract basis. No health ins, no paid vacation, no extras. Yes I know, that's crazy low, but bear with me! + +I only work 25-30 hours a week and I've been full remote the whole time. I am from the US but I currently live in a LCOL city in Europe. When I'm not working I enjoy my life ... I spend time with my wife, I volunteer, I spend time learning the local language, I go surfing whenever the waves are good, etc. + +I really enjoy my life and have no money stress at all. We try to be frugal but go out to eat whenever we want (1-2x/wk), buy the better bottle of wine sometimes (12€ instead of the usual 4€), go on cheap-ish local vacations (western Europe) when we feel like it, etc. + +I have a good boss, low stress work, and ... I LOVE my work. I've learned sooo much in the last 4 years and touched some really interesting technologies. + +Really the only negative about my work is the pay. I started out at $22. Raise to $25 after 1 year. Raise to $28.50 recently. I have no debt, an emergency fund of about $30,000, another $70,000 in the market in various places, and $55,000 in a retirement account, but I'm not actively putting much away for retirement. + +I see myself having to move back to California sometime in the next five years to help take care of aging parents and I know my current job will not support me there. I'm afraid if I make a switch to a different job now I will not be able to maintain the same lifestyle that I have (low hours, low stress, fun work) but I also want to be smart about the future. + +**Should I look for a new higher paying job now or just wait until the move back to a HCOL area is imminent and then start looking?** + +(PS: obviously I know this is a highly personal decision, but looking for any advice, especially from someone who has been in the same situation. Thanks!) + +--- + +**EDIT**: wow, this blew up way more than I thought. I had to step away for 2 hours and now I see there's 200 comments. I'm heading out for the night but I'll respond to the rest of the comments tomorrow. Thanks so much to everyone for the advice and personal experiences. It has given me a lot to think about. +Hi, + +Just wondering if anybody knows. + +Why is indexation applied before your compulsory payments are made? + +My employer withholds a % to give to ATO for compulsory HECS payments every 2 weeks. + +Why is this money then given AFTER indexation rather than before? + +Is this some sort of scam? Is there a way that I can make the compulsory % repayment myself, instead of having my employer withhold that amount? Or is there a way to make the employer pay the % as I get my fortnightly pay? - just seems odd to me this isn't standard that your compulsory repayments are provided BEFORE indexation. +🍑 + +Community built token for adult content creators to have total control of their artwork. PORN aims to have a platform that allows individual content creators to sell limited videos of themselves as NFT's. Collaborated artists: Johnny Sins and more ! + +CMC and Coingecko applied yesterday. + +✅ No presale, silent & fair launch on BSC + +✅ Liquidity locked + +✅ Contract renounced + +\- Last weekly updates : + +Reached 1M market cap + +Rebranding & Website Revamp Online + +Litepaper released + +Donation wallet / market wallet created + +Team to finalize the roadmap and replace cuurent ont at next board meeting + +Weekly AMA with ambassadors (yum) via twitch + +New ambassadors to be announced ASAP (one today) + +CEO met with Brittany Andrews, video posted in TG chat + +CEO & CED meeting with Anndy Lian (amazing) [https://twitter.com/anndylian](https://twitter.com/anndylian) + +Shilling group created + +New marketing, Developing and tech boards + +🌏 Website : Buyporntoken.com + +📩 Telegram: [u/porntokens](https://www.reddit.com/u/porntokens/) + +🔖 Contract: 0x31b9773f225408129a90788ef013bd449e283865 + +📝 Charts: [https://charts.bogged.finance/?token=0x31b9773f225408129a90788EF013Bd449e283865](https://charts.bogged.finance/?token=0x31b9773f225408129a90788EF013Bd449e283865) + +💸 PancakeSwap : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x31b9773f225408129a90788ef013bd449e283865](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x31b9773f225408129a90788ef013bd449e283865) +**\*This is not advice, financial or legal, just another fellow ape searching for answers.** + +Hi fellow Apes, + +As excitement of the impending MOASS builds, numbers about the expected floor have been rising: "$1m? Pffft. Floor is $10m now!" "What, Shitadel takes over r/gme? My floor is now $50m!" + +There have been amazing DDs covering the need for apes to hodl in order to push the squeeze to infinite levels, so I don't see a need to cover that topic of whether these floors are realistic. However, I have seen this question popping up a lot, which I haven't found an in-depth DD on: "**Where will the money come from? Is there enough to pay every share of $\[*****insert your minimum floor here*****\]? Will it lead to a market crash**?" + +In response to that, many an ape with wrinkles on their brain have replied: "Don't worry, the **DTCC** is **insured for $70 trillion** \- even if the peak hits $20 million, that will only cost $5T based on [geometric mean](https://www.reddit.com/r/GME/comments/m9td6w/estimations_for_the_total_payout_of_gme_based_on/) \- we can hodl for even more!" + +Well, this is *literally* the $70 trillion question: **Does DTCC REALLY have $70 trillion to pay? If not, who will foot our bill to Andromeda?** + +&#x200B; + +**1.** ***DRAMATIS PERSONAE*** + +**a. DTCC** + +[https:\/\/www.investopedia.com\/terms\/d\/dtcc.asp](https://preview.redd.it/d8kzfh86t3s61.png?width=1232&format=png&auto=webp&s=7c3727e53e0d59416b32c5f4d7a167931bfc9795) + +The vast majority of securities clearing and settlement and the custody of our shares is done by DTCC - in 2019 alone, it processed **$2.15** **quadrillion (Yes, QUADRILLION) in securities. Every day, DTCC processes more than $1 trillion in securities.** The ownership of DTCC is interesting: it is privately owned by the hundreds of banks, broker-dealers, who are participants and users of DTCC's services. This ingenious concept aligns the interests of DTCC with the interests of the main users of its services, who are key market participants. This is "Inception" level stuff: if the customer is the owner of the same shop, is the customer really a customer? + +Anyway, DTCC has several subsidiaries which perform different functions: with NSCC and DTC being the most relevant to this discussion. + +[https:\/\/corporatefinanceinstitute.com\/resources\/knowledge\/trading-investing\/depository-trust-and-clearing-corporation-dtcc\/](https://preview.redd.it/w5fq50gu64s61.png?width=1540&format=png&auto=webp&s=f635b82e4025dd8c85ba6b71fe466451fe530e4e) + +&#x200B; + +**b. NSCC** + +[https:\/\/www.investopedia.com\/terms\/n\/nscc.asp](https://preview.redd.it/0nf5ivnjx3s61.png?width=1262&format=png&auto=webp&s=e70ddff408cac29ac2118e55b33c0fde3441596b) + +Essentially, what NSCC does is multilateral netting for the U.S. securities markets. It allows all participants in the market to deal with one central counter-party ("CCP"), thereby increasing transaction efficiency and certainty, and reducing risk between all market participants. This means that the settlement of our GME trades will go through our brokers, who may in turn deal with market makers, who are most likely in turn to deal with NSCC as the CCP. + +&#x200B; + +**c. DTC** + +[https:\/\/www.investopedia.com\/terms\/d\/dtc.asp](https://preview.redd.it/29xu84xjy3s61.png?width=1268&format=png&auto=webp&s=b5c9b2820c8d37569d6a51c3fef8ba344d0050b1) + +Did you know that in the past, your ownership of shares was evidenced by a paper share certificate? Obviously, trading paper shares with each other will severely hamper the transaction speed of publicly listed company shares, and with the advent of the internet, electronic share certificates could be held. To further increase the efficiency and speed of securities transactions, the central securities depository is created to hold on to these shares. DTC is the central securities depository in the U.S., and when we buy and sell U.S. securities, DTC corresponding records the change in the owner of the share in its "book". According to the [DTC website](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc), DTC retains "custody of more than 1.3 million active securities issues **valued at US$54.2 trillion** as of 7/31/2017". + +&#x200B; + +**d. Cede & Co** + +Seems straightforward right? Now, let's put a wrinkle in your smooth brain. While it is common to say that DTC acts as custodian for the shares, this is not strictly accurate. The entity holding on to the shares is actually an entity called **Cede & Co** (which supposedly came from shortening "Certificate Depository"). Cede & Co is a New York based partnership made of certain employees of DTC, and is supposedly structured as a partnership (instead of a corporation) in order for each partner to sign off on corporate matters quickly. However, in my view, the **real reason** for Cede & Co to be the custodian of **more than $54 trillion of securities** is risk management - after all, the real owners of these securities are the public who are trading them, and isolating these assets from the potential liabilities of DTC (which is exposed to the securities market through its participants) protects the public interest. We will come back to this "ring-fencing" of the securities in Cede & Co in a bit. + +There are also other parties besides DTCC who are likely to play a part in the MOASS, such as Options Clearing Corporation ("OCC"), which is the clearing house for options. But to not overcomplicate matters, let's focus on NSCC and DTC as the main players. + +&#x200B; + +**2.** ***DTCC SETTLEMENT PROCESS*** + +I won't go in depth into this process. All we need to know is that, when we hit the buy (or sell only after the MOASS 🚀🚀🚀 dip) button on our brokerage platform, this triggers a process whereby our broker will provide information up the settlement foodchain of this order, and ultimately to DTCC, who will then through NSCC (in relation to payment and netting clearance) and DTC (in relation to transfer of ownership) to settle the transaction. Currently, this whole process generally takes up to T+2 days for settlement. Greater detail on this process can be found [here](https://www.dtcc.com/understanding-settlement/index.html). However, for this discussion, it is sufficient for us to know that both NSCC and DTC will be involved in the settlement process. + +&#x200B; + +**3.** ***PASSING THE BUCK DURING MOASS - THE "LOSS ALLOCATION WATERFALL"*** + +Now, we come to the meat (or bananas, since we are apes) of our discussion. **What is likely to happen at DTCC just prior to and during MOASS?** Let's try to break this down as simply as possible: + +**Step 1: DTCC takes further steps to manage risk** + +This is where the DTCC currently seems to be at - there have been many DDs on the various filings NSCC and DTC have made to prepare for a potential default, so I will not go into this. This includes NSCC-2021-801 / NSCC-2021-002, which gives NSCC the right to ask for further collateral through Supplemental Liquidity Deposits ("SLDs") on **a daily rather than monthly basis** and DTC-2021-003, which requires DTC participants to provide daily reconciliations of their activities, eliminating a loophole taken advantage by participants previously to submit monthly reports. + +**The most significant DTCC filing for me is NSCC-2021-004 and DTC-2021-004** which are amendments to the **Recovery & Wind-down Plan** of DTCC's key subsidiaries, including NSCC and DTC. As stated in the NSCC-2021-004 (pp 3-4): + +https://preview.redd.it/y2hhwpp5j4s61.png?width=1032&format=png&auto=webp&s=c0f87d0049ed2f8a3bfaf3a3786746dc5766efc5 + +https://preview.redd.it/udgx35mfi4s61.png?width=1066&format=png&auto=webp&s=e7ecfcf01a3bc943daefd193179d46336865d440 + +This is basically DTCC's doomsday prep for the MOASS and the **clearest indicator yet that DTCC is fully aware of the incoming MOASS. Why would you relook and amend your doomsday plan unless you believe doomsday is on the horizon?** \[Edit: For a more in depth look at 2021-004, please see u/Leaglese excellent DD [here](https://www.reddit.com/r/GME/comments/mdc40j/dtcc_recovery_and_wind_down_rw_procedure_dd/).\] Unfortunately, the details of the R&W Plan (Exhibit 5 to the filing) are confidential and not disclosed in the filing, so I am unable to analyse it in depth. I can, however, analyse what the NSCC and DTC rules and their risk disclosure frameworks allow them to do - this is covered below. + +&#x200B; + +**Step 2: Default** + +NSCC and DTC have broad discretion to hold that Members (for NSCC) / Participants (for DTC - they both use different terminology to refer to the same parties) are in default, and this is most likely to occur once a catalyst occurs at GME (perhaps 420 share recall or 69 AGM RC's appointment as Chairman of the Board) and the price of shares skyrockets, resulting in increasing FTDs, margin calls, the Participant being unable to perform its obligations to NSCC and DTC. This is the start of the MOASS, and when NSCC and DTC call default (under Rule 46 of NSCC rules and Rule 9(B) of DTC rules), this will add light speed fuel to the rocket + +&#x200B; + +**Step 3: Application of Clearing Funds** + +**Step 3 onwards is important.** Each Member / Participant is required to make a prior deposit to the Clearing Fund (calculated based on a formula) in the form of cash or securities. This is used to secure each Member / Participant's obligations to NSCC / DTC. + +**A. In a default situation, NSCC / DTC can call upon the Fund Deposits made by the defaulting Member / Participant to satisfy any outstanding.** + +B. B and C below are unique to DTC (and not NSCC). If there are still outstanding obligations owing (ie. insufficient collateral to pay off the shortfall), DTC can call on the whole Clearing Fund (ie. the total Fund Deposits by all Members / Participants) to pay. + +C. In addition to B., DTC can also use (i) any retained earnings or undivided profits they have or (ii) any other liquidity resources that they have (this includes the Credit Facility which DTC is looking to renew on 4 May 2021 (see NSCC-2021-802)). + +Also note that, as DTC and NSCC are separate entities, they would not bear the other entities' liabilities apart from where they have provided certain limited cross-guarantys (from the cross-guarantys I found, it appears limited to using any deposits / collateral provided by a defaulting Member / Participant to one entity, to set-off liabilities of the other). + +&#x200B; + +**Step 4: LOSS ALLOCATION WATERFALLS** + +**Now comes the interesting part. MEMBERS / PARTICIPANTS WILL BEAR THE LOSSES AND LIABILITIES STILL OUTSTANDING AFTER STEP 3 ABOVE. DTCC calls this the "Loss Allocation Waterfall".** NSCC Rule 4 section 4 at page 44: + +https://preview.redd.it/dcjym228w4s61.png?width=1066&format=png&auto=webp&s=a4b04361af7000e632c69e16fcaa689187f2ae3b + +DTC Rule 4 section 5 at page 42 is equivalent to the above. **Corporate Contribution is a fixed calculated sum which NSCC / DTC has set aside in a separate account to pay, but if there is still outstanding after that Corporate Contribution, ALL REMAINING LOSSES WILL BE APPLIED PRO-RATA TO ALL MEMBERS / PARTICIPANTS. These guys are going to be the ones at the bottom of the waterfalls if NSCC / DTC do not have sufficient money to pay all outstandings.** + +&#x200B; + +**4.** ***LIQUIDITY CALCULATIONS*** + +***But, DTCC is insured for $70 trillion right?*** + +Well, no. NSCC and DTC's only recourse in the event of default by Members / Participants is that set out above. I have not found any mention of third party insurance provided to DTCC in any official document. If you know of such a document, please let me know. \[Edit 1: To be clear, Rule 34 of NSCC and Rule 14 of DTC Rules do provide for insurance coverage, but this does not appear to apply to default situations of Members / Participants. Likely to be more usual insurance coverage, such as natural disasters, accidents.\] + +**So how much does NSCC / DTC have?** + +Based on Annual Financial Statements for the Year ended 31 December 2020: + +**NSCC** + +|***Clearing Fund***|***$12,972,776,000 (i.e. $13 billion)***| +|:-|:-| +|***Commercial Paper***|***$3,843,290,000 (i.e. $3.8 billion)***| +|***MTN Notes***|***$3,723,942,000 (i.e. $3.7 billion)***| +|***Credit Facility***|***$10.9 billion (to be reduced to $10.1 billion under NSC-2021-802)***| +|**Total**|**$31.4 billion**| + +&#x200B; + +**DTC** + +|***Clearing Fund***|***$1.9 billion***| +|:-|:-| +|***Credit Facility***|***$1.9 billion***| +|**Total**|**$3.8 billion**| + +***But, doesn't DTC have $54 trillion of securities in its custody?*** + +DTC does not have these assets on its balance sheet and Financial Statements. It is Cede & Co that is the entity who holds these securities and as mentioned above, Cede & Co is a completely different entity that is ring-fenced from DTC. + +***The above figures are only as at 31 Dec 2020 though...*** + +This is a good point - as seen above, DTCC has been taking steps to call for more margin under the Clearing Fund (it seems to have done so for RH back during the baby squeeze in Jan 2021, as per VT's claims of DTCC asking for $3b in margin but ultimately settling for less). **If and when the SLD in NSC-2021-002 come into effect, the Clearing Fund and SLD may be significantly more than the 31 Dec 2020 numbers and can make a bigger difference.** + +***So does that mean that the Members / Participants are likely to have to bear insane losses if we hit Andromeda?*** + +I really don't think so, because I believe the Fed will have no choice in such a scenario, like in 2008, but to step in rather than have FIs suffer huge losses. + +&#x200B; + +**5.** ***THE FED*** + +DTCC's key subsidiaries: NSCC, DTC, and the Fixed Income Clearing Corporation (FICC), and OCC are 4 of the 8 **Designated Financial Market Utilities by the Fed.** What does that mean? + +[https:\/\/www.federalreserve.gov\/paymentsystems\/designated\_fmu\_about.htm](https://preview.redd.it/utbc5hev35s61.png?width=1404&format=png&auto=webp&s=57e9f1ae6348bb5ea65b54eaf500523f43de8c93) + +**What can the Fed do?** + +The Fed has the power, under sec 806(b) of Title VIII of the Dodd-Frank Act, to "to provide to a designated financial market utility discount and borrowing privileges", but only in :unusual or exigent circumstances". If a situation arises that threatens not just the DTCC and its subsidiaries, but also Members / Participants (i.e. the banks and key financial institutions), I believe that the Fed will have no choice but to step in, because the failure of NSCC, DTC, OCC as the central counter parties to most of the securities and derivatives trading in America, would have unprecedented and catastrophic consequences in not just America's but the global economy. + + +&#x200B; + +**6.** ***FINAL THOUGHTS*** + +I was first drawn to this topic because I wanted to see how the DTCC rules would affect the MOASS playing out - and it has led me down this rabbit hole. While NSCC / DTC rules indicate that they look to resolve all outstandings within the day in order to maintain an orderly market, I believe that the MOASS will significantly stress the systems that NSCC, DTC and OCC have, especially if the squeeze is not related to GME alone, but AMC and the other shorted stocks. There is likely to be much ups and downs and long halts as they seek to implement their rules, and this will last many days and impact other parts of the market too. The good news however, is that DTCC appears to be preparing for this scenario, and hopefully even engaging actively with SEC and the Fed on worst case scenarios already. + +**In any event, the position remains the same: HODL and diamond hand. Remember, its not the Apes who caused the situation, but the refusal of the SHFs to admit defeat and bear their losses. 🦍🦍🦍💎💎💎** + +&#x200B; + +🚀🚀🚀 **TDLR: DTCC will have to pay whatever it needs to pay - so HODL AND DIAMOND HANDS TILL ANDROMEDA still applies. However, the money will be coming from (a) the banks and broker-dealers as members of the DTCC and its subsidiaries, and/or (b) the Fed. There is** **NO** **magical $70T pot of gold in insurance or liquid funds.** + +**Edit 2: If you'd like to understand the NSCC R&W Plan in greater detail, do check out my other DD: https://www.reddit.com/r/Superstonk/comments/mq0dln/the_crisis_continuum/** + +Edit 3: Cleared up the reference to SLD for RH during the Jan squeeze. SLD in NSC-2021-002 has not been implemented yet, and so the margin call for RH must have been under general margin for the Clearing Fund. + +**Edit 4: Corrected the Fed's power under the Dodd-Frank Act, they can bail out directly. +My work pays for 1 meal/day, hotel and $.56/mile when I travel. Currently they owe me $400 in travel expenses for March, April and May. + +I traveled in August 2020 and got reimbursed a week before Christmas. + +My work wants me to travel in August 2021 and the hotels alone this time are $375. Plus 4 days of meals and gas. + +Is this typical? I feel like it's a lot of my own money being held for a $40,000/year career. $400 is 1/3 of my paycheck and in August 2021 that travel will nearly equal my paycheck. + +Update: I emailed a mass email to my boss /bosses boss/hr re-explaining the situation. I said that if this isn't resolved by august 1st I won't be booking the hotel in August. +How is a crypto-based future economy going to be any different than our current fiat-based situation when BTC goes "to the moon"? We will, at that point, have the world's first multi trillionaires... and there will still be massive wealth inequality, just different people holding the power. + +&#x200B; + +I really want to imagine a currency that gives everyone on the planet a shot at personal wealth, but not any one person owning a huge fraction of it (which is exactly the issue right now.) Seems counter to what crypto's ultimate goal is. I'm not talking about communism, just proper wealth distribution. I would say, me personally, any one person who owns more than 50BTC is in this weird area of, on a gut level, too much fucking money for a single person (if BTC is fully embraced.) I know people are gonna hate me for saying that. Fuckin downvote, idc. BUT, I ask you, should we have moral obligations to get as much wealth distributed to as many people as possible? Or is this a "the old King is dead, Long Live the King!" scenario, and we're back in our modern horror show but now with internet money and tech-flavored oligarchs? +[https://www.bls.gov/schedule/news\_release/cpi.htm](https://www.bls.gov/schedule/news_release/cpi.htm) + +[View Poll](https://www.reddit.com/poll/s1clmj) +Before I start, I just want to say I am writing this because last time I put up speculative DD, and people were tearing it apart because it was very generalized. Being that I have a scientific background I decided to put the time in to gather all the information and analyze it with statistics before posting this one. I hope some of you find it meaningful and I would appreciate any genuine feedback or constructive criticism! + +**Hypothesis:** GME is responsible for the previous two market dips and has the ability to significantly move the direction of the entire market. + +New York Stock Exchange (NYA), Market Cap ($22.9 trillion), 2400 stock listings + +Nasdaq (IXIC), Market Cap (??), 3300+ listings + S&P 500(MC: $31.61 trillion). + +Dow Jones Industrial Average (DJIA), Market Cap ($8.33 trillion), 30 largest of (NYA and Nasdaq) + +**TLDR;/Abstract:** I compare the relationship between GME, and the world's largest market indices mentioned above using a bunch of historical YTD quotes. The data suggests that there is a statistically significant correlation between GME and both the NYA and DJIA. The data didn’t suggest that there is a significant relationship between IXIC and GME, but the data suggests you might be able to infer that there is actually a significant relationship. As GME rises the market responds by dropping. Based on this data, my prediction is that WSB and GME holders are currently controlling the overall health of the market. If this data is accurate, then GME can be used as a possible predictor of overall market trends and consequently, possibly help for not just GME indicators, but also prospective market strategies/positions. + +**In short**, when **GME goes up**, the **market goes down**. + +**TLDR; for data:** I found that the NYA, DJIA, and IXIC are negatively correlated to GME. NYA ( NYA,**p =.0027\*\***), (DJIA, **p =.0018\*\***), (Nasdaq, p= 0.88) + +**START** + +I noticed that anytime GME is rallying up, my entire portfolio goes red. My thought process was that the hedge funds control such a large portion of the market that when they liquidate in order to battle GME the whole entire market falls as a result. However, whenever I mentioned this idea, I’ve been met with opposition, so I decided to compare the GME to the market indices I mentioned above. + +&#x200B; + +[GME, DJIA, IXIC, NYA, YTD DATA](https://preview.redd.it/ijpbroximxj61.png?width=1251&format=png&auto=webp&s=479499bdf91390cd98ed099bf963ab656421f695) + +If you look at the chart, big drops in all three indices line up perfectly with any large rise in GME price. Meaning, while the whole market collapses GME rises. The opposite is also true, as GME drops, the rest of the market rises. The trends based on these comparisons suggest that GME is to some degree controlling the entire market. I decided to use some statistics so I can see the likelihood that these are “coincidences” as many have suggested. + +**PROCESS** + +I calculated covariance, correlation, and p test matrices based on YTD data from yahoo finance of GME, NYA, DJIA, IXIC. All data can be found there. + +&#x200B; + +[Covariance & Correlation Matrices.](https://preview.redd.it/msw9tittmxj61.png?width=364&format=png&auto=webp&s=e1b76728b60bb58ae1b42c40ee3c0c6de3e80553) + +[P values. Statistically significant values highlighted.](https://preview.redd.it/gwdaxycymxj61.png?width=360&format=png&auto=webp&s=cd89e780bd3a85713d72d6e7a94b249d166c3fd0) + +The results show that there is clear covariance between GME and all of the markets I mentioned. The correlation suggests that there is a moderate negative correlation between GME and the markets, but that makes sense given the vast size of the indices. But what was most important was the p values between GME and the NYA/DJIA. For those that are not into statistics, the p-value is essentially the percentage that the relationships are based on “luck” or “chance”. It is accepted and utilized in the scientific community to establish statistical significance. Any p-value less than .05 is considered statistically significant. A p-value less than .05 basically says that there is less than a 5% chance that the relationships are due to “luck”. As you can see there is a .27% chance that the NYA dropping is random and a .18% chance for the DJIA. While the IXIC does not fit the bill, I believe significance can still be inferred based on the incredibly low p values when comparing NYA to IXIC, or when comparing DJIA to IXIC. + +**So, what does this mean?** + +**My opinions.** + +To me, this means that GME does not just signify a battle between the poor and the uber-rich, but rather a battle for the entire market. On January 26, the DJIA dropped 600 points, the IXIC 300 points, and NYA 400 points with just a $266 dollar increase in GME. Imagine what would happen if GME hit a thousand dollars? At this point, you may be worried that GME may Impact the whole market, and while that should initially cause worry, when you remember the fact that the top 10% own 88% of the ENTIRE market, you should realize that it is not our market that would be impacted, it's *theirs*. + +My opinion is that if the short squeeze happens, we will witness the largest liquidation event in the history of the market and alongside that, the largest redistribution of wealth that not just our society has seen, but larger than any society in history has ever seen. That liquidation would lower the barrier of entry to the market so significantly, that the people would have the opportunity to claim their spot in the market. + +**Final thoughts/ Disclaimers.** + +Anyway, this is just something I wanted to share, not trying to convince anyone to do anything, to buy anything, or not to buy anything. None of this is a fact, it is vulnerable to error, and can be completely wrong but just wanted to contribute my thought process and my research in a meaningful way to the handful of you that may appreciate it. I would love feedback, especially if there are any statisticians out there! I also want to clarify, that this was based on limited YTD data. I tried getting ahold of more meaningful data but apparently, websites charge crazy prices for that sort of stuff. If anyone has access to quality data, I would love to sink my teeth into it. + +I AM NOT A FINANCIAL ADVISOR + +**Edit:** Wow, I am beyond grateful at all of the support and encouragement I received from the community, Thank you all so much + +I also wanted to address a lot of the common criticisms about statistical analysis. Specifically about the one that goes along the lines of "correlation does not imply causation". **There is no such thing as a statistical test that can prove causality. Correlation** is a measure for the **"strength"** of a relationship, meaning, it measures the impact that movement in one variable makes on the other variable. In a statistical context, the term "significant" is not just a buzz word or a strong adjective, it carries mathematical weight which is established by the **P-test**. The P-test essentially measures the **likelihood** that the correlation between 2 variables is **unrelated**. meaning it measures the odds that a correlation is just based on chance or luck. If you look on the labels of nutrition items, if in the corner of a claim you see a little "\*" it means that statement was deemed statistically significant. For instance, vitamin b 12 claims " helps turn food into cellular energy\*" while other vitamins make claims with no "\*". + +In layman's terms the p-test with regards to GME and NYA basically says that according to the data provided, there is a **.27% chance** that the two are **UNRELATED or a 99.73%** chance they are related. In the scientific community, anything below 5% or less than .05 is considered statistically significant. + +Also, I didn't just test correlation, I also tested covariance. Covariance is not the same as correlation. **Covariance** measures the **direction** of the relationship. In this case, the very large negative values are indicative of an **inverse** relationship. Meaning when one goes up, the other one goes down. + +So with that in mind, this analysis provides a measure for the **direction** of the relationship, the **strength** of the relationship, and the **statistical significance** of the relationship. Apart from that, it does not say why or how they related. That is purely speculation, and I clearly labeled my speculations as to my opinions and you are all free to make your own speculations off of the data, I am not convincing you to buy into mine. + +Lastly, I've seen a few comments that were quickly deleted that questioned the quality of my data. All I have to say is that I spent hours looking for better data and was met with buy walls to the tune of [500 dollars](https://firstratedata.com/cb/1/complete-us-stocks-index-etf-futures) per data set. Not to mention a Bloomberg terminal that costs 24k a year. If someone has access to better quality data please make it publicly accessible and I will be thrilled to redo the analysis with it. + +Other than that, Thank you all so much for the support and awards !! + +**Edit #2,** The first step to solidifying any scientific proposal is reproducibility. u/big_boolean took the initiative and reproduced the correlation between GME and DJIA. He got a correlation coefficient of -0.53 which is close to mine of -0.49. + +[u\/big\_boolean Graph](https://preview.redd.it/uu51ljdpsyj61.jpg?width=600&format=pjpg&auto=webp&s=23556405c1362f35eab8932dca9927ff9b075c69) + +For those who would like to help reproduce or challenge the post, post your results, and I will add them on. For reference, I used 2 degrees of freedom for my calculations. + +**Edit#3** I've started to notice a lot of experts commenting that have a much better and in-depth understanding of applied statistics than I do. To all of you experts, I welcome your criticism. Being that experts in statistics are an incredibly rare breed, I would really appreciate it if you all propose actional propositions that I can take a swing at myself, or better yet I'm sure the community as a whole would appreciate it if you took action and provided your own DD considering you are experts in your fields. If you do decide to provide suggestions if you could list them in stepwise instructions that would be even better. **Pointing out problems/faults is important, but providing actionable solutions even more so!** +Unfortunately, based on the recent news I think we should brace for another wave of red days. + +https://www.nbcnews.com/business/personal-finance/large-corporate-landlords-have-filed-10-000-eviction-actions-five-n1244711 + +I expect some popular REITs to take a hit. But remember, this also creates opportunity to buy in. I think we've weathered the storm well, so far. But new record cases and spikes in Europe are concerning. Evictions and unemployment aren't looking good either. + +What are your thoughts on the end of the year and beginning of 21? + +A bit of context. +Im a 61 yr old carpenter.  After a lifetime of hard work an opportunity called  Covid happened. +Call it the perfect storm  ( for me anyway). Covid, Robbinhood, access to money & time on my hands. +Just before  covid my son was dabbing in the market with Robbinhood. His experience led me to take a chance and enroll ( something  I don't readily do). + +I mostly invested in REIT'S  With my 9 grand from my vacation  fund. That was May 2020. +By June I had emptied my bank account  & had borrowed  30 grand from my annuity . +I  had $ 60,000 in the market. + +I learned slow ( wish I bought Tesla ! ) I was taken in by high  dividends. Growth was slow but steady. +I realized I'd never again see a market downturn  like this and was determined to take advantage of  it. + +By November I had learned more about the market and started thinking more for myself. I move large portions  of my portfolio into oil. +I grew up through the oil shortages of the 70's and thought I had a good understanding of the industry. +Stick with what you  know Right? + +XOM, FANG, USDP, VLO ... +I was making money ! + +Here I am 1 yr later  with $160,000. In equity ! +I'm blown away !  + +But what next ? I have 100 g's  in REIT's  and 130 g's in oil related stocks.  I've used as much margin money as I could , 70 g's , trying to make the most of this covid event. But where do I go from here? I know I'm unbalanced  but don't want to give up the earning potential  in oil just yet. Maybe  later this year I'm thinking I should trim my exposure  but go were ? + +The taxes are going to suck but that's what newbies do. We Learn. +So... +I'm looking  for some advice  on a strategy that will move my portfolio into a long term income source. + +Please help ! +I'm all ears ! +Should I sell my AT&T stock? I bought T stocks 3 yrs ago at 32.30 per share. It is currently 17.17 per share. Should I continue to hold the stock or sell it? I own around 200 shares. +Edit: I meant to say "January sneeze" in the title, not squeeze. + +If you're only watching the price of GME and the most widely followed indexes in the U.S. (S&P 500, Dow Jones, and Nasdaq) and you think nothing has happened yet - you’re looking in the wrong places. The market has already started crashing. + +The market, represented by these indexes, is currently entering the correction zone. A correction is defined as a market decline that is more than 10%, but less than 20%. A bear market is usually defined as a decline of 20% or greater. + +**Small-cap stocks are already DEEP into a bear market.** + +My trading strategy focuses on small-cap and penny stocks that are owned by hedge funds known to manipulate the market. Many of the stocks I used to invest in are complete garbage, but I look for pump and dumps, obvious manipulation patterns, and anticipate runners based on near-identical charts of multiple companies. + +My current watchlist is **down an average of -66% for the 1-year.** All of the stocks have been following a very similar downtrend and are bleeding for no rhyme or reason. The only thing these groups of stocks have in common is that they are all being heavily promoted by shills on StockTwits and strongly manipulated by hedge funds. + +All these stocks have been in a bear market since February 2021, and all started falling following the January "squeeze." This trend is not normal. + +Here’s my theory: The mass sell-off is certainly not going towards covering hedge funds' short positions, the capital is most likely being pumped back into the market to keep major indexes afloat. If so, they can't keep it up much longer. + +Once they’ve sold off all their small-cap stocks, they’ll have to start selling off securities that represent major indexes and that is when we’ll be entering a bearish market. And considering how poorly the market performed in January 2022, it seems like that is getting very close. + +Below are the YTD charts I was invested in, before January 2021. And let me make this clear because this is an important detail — **I didn’t just select certain stocks that look similar on my watchlist. These are literally all the stocks on my watchlists, besides meme stocks and a few cellarboxed ones. I’m not picking and choosing the ones that look similar to make a claim.** + +&#x200B; + +https://preview.redd.it/2mo78go1p8f81.png?width=2392&format=png&auto=webp&s=01f2f56e37a7efb64015489e5f0962dfd0bf172e + +\[[Here is an album if you'd like to take a closer look](https://imgur.com/a/ViCkSL3)\] + +TL;DR: My watchlist is full of stocks that HFs manipulate and there have been mass sell-offs of every single one since February, even though we’ve experienced record highs in the market for months. +https://www.cnbc.com/2021/09/21/amazon-will-lobby-government-to-legalize-marijuana.html + +Amazon lobbying for legalization. This is Amazon, so who knows, this could go somewhere. Or not. Thoughts though? What are you expecting long-term? And lets say legalization does happen, what tickers would you jump on/expect to be the most successful? +I have about $4000 in debt and $8500 in savings. I was originally going to pay off my debt over time, $300-$400 biweekly but now I'm wondering if I should just take care of it now and if it would help me in the long run. I despise having to put the entirety of my paycheck towards stuff like that. My paychecks are about $750 and my credit card interest is 12.99%. I recently lowered it from 15.99%. + +&#x200B; + +EDIT: I have just paid off my debt completely. Thanks for input, everyone!! + +EDIT AGAIN: Thank you for everyone who has and continues to respond with positivity and support! So glad other people have decided to make the same decision and become debt-free! +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. +I remember it being touted as the biggest corporate fraud case in decades, when it happened in late 2019. + +I skimmed through his team's 169 page report, watched videos summarizing the report. A lot of it seemed credible. + +There were also other smoking guns: the CFO preemptively retires after the report drops, the share price drops 300% and holds there. There is an overhaul of upper management. They publicly admitted that they don't entirely adhere to GAAP. + +But what's happened since? Why isn't there more mainstream coverage about this? Were Harry's accusations right? What's SEC legal stance and actions on this? + +I don't wanna seem conspiratorial but it'd seem that most institutional investors have a vested interest in holding GE. + +More worryingly, the only coverage about the aftermath I can find, seems to be taken down: https://www.bloomberg.com/news/articles/2019-10-25/it-s-almost-like-the-shock-ge-short-thesis-never-happened + +Conversely, if there were nothing to this case and Markopolos had immense conflict of interest with the hedge fund, as the GE management claims, why this stock holding at the dropped price? +I'm sure a lot of you have heard about this game Gods Unchained. It's a trading card game that will be on the GameStop marketplace. It's kind of like hearthstone but the cards are NFTs that you can buy and sell and you can earn cards and crypto through playing the game. I've been playing this game for almost one year now and I LOVE it. I haven't put a single cent into this game. My collection is worth around 2eth and I regularly give away free cards to newbies on the Gods Unchained subreddit and tbh, that generosity was inspired by this sub and I wanted to give something back. Unfortunately, I can't afford another giveaway atm, but I can afford to give advice to any new players that might need it. With the new GameStop promotion giving away GU cards to powerup members, I'm sure there will be lots of new players trying out the game for the first time. Here's some things I wish I knew starting off: + +Firstly, for deck building. When I first started I kept trying to build a deck that would be good against everything. I'd notice a weakness and immediately try to fix it. I've found a better strategy is to try to build a deck that's really good against most of the other gods/decks. My current deck sucks against magic, but works well against most of the other gods. Your deck will have weaknesses, and that's ok. If you're winning more than you lose, you shouldn't really have to worry too much about plugging those weaknesses. Trying to plug them holes can often weaken the rest of your deck. + +Gudecks.com is a great place to go to check out what other decks people are using. Usually starting off you won't have all the right cards to copy the top decks, but substitute as best you can and experiment with things. This website also has info on leaderboard rankings, weekend ranked results, card rankings, deck rankings, etc. And it's very useful for keeping up with what the current meta is. If you're F2P I find nature is the easiest god to start with as there are decent core/welcome cards, and even the good expansion cards tend to not be too expensive. + +Next, using the marketplace. People seem to forget this is a TRADING card game and forget to play the markets. I play the markets as much as I play the game and have probably earned more money in the markets than what I earn through cards/gods directly from the game. There's plenty of opportunities to speculate on future card prices the same way you would with stocks. For example, when the GU team announced they would be considering how shiny your deck is for daily play&earn, I bought up lots of cheap shiny cards and sold them later as the prices rose. There's also plenty of arbitrage opportunities to be found as most of the cards are priced differently in gods, eth, and imx. Be aware that card prices change constantly so if you are playing the markets, consider the daily card volume when choosing what to sell. You don't want to buy a card with the intention of arbitraging, and then have the price change while you're waiting for it to sell. This is obviously a much lower risk with cards that have high daily volume. + +Don't forget to forge the core cards you earn in the game to sell on the marketplace. It will cost you some gods tokens and some flux (earned in game) to forge. Most cards will not be profitable to forge, as the price on the marketplace is often lower than the forging price. That's not true for all cards though, and it constantly changes. You can use guforge.com to check which cards would be profitable to forge. Tokentrove.com seems to be the most popular site to use for trading as it has more features than the imx marketplace. This website allows you to sort cards by daily volume, which I find very useful when playing the markets. Any cards listed on IMX/tokentrove appear on both marketplaces. + +Finally, to keep track of card price trends, what's in your wallet, your trading/transfer history, or to even check the contents of someone else's wallet, etc. You can use imxtools.net. You can also set price alerts for certain cards here. + +If anyone has any questions or anything I should add, leave a comment here or DM me. + +Edit - adding my referral code if anyone wants to use it. You should receive 10 gods by using this code as long as you reach rank 6. The referral gods are paid out on the first Wednesday of every month. Code: zHyDRoHxlX (that second last letter is a lower case L btw). +I'm a 23 year old college student who is financially independent (big thanks to this sub) and working 2 jobs to put myself through college full time so needless to say, money is tight. + +I've only been with this doctor since January (after going a few years without treatment) and all I needed were perscriptions for ADHD meds, that's it! + +I was sent a bill to the tune of $135. No phone number or anything to even call and dispute it. I called my insurance (Oscar) and lucky me! My insurance covers physcatrist visits and I have $0 copay, but DOESN'T 100% cover psychiatric procedures (what the fuck!?). My doctor really didn't do anything but look at my medical records that I brought that contained 17 years of treatment for ADHD, made a photocopy, and wrote me a perscription. + +Can I dispute this? How do I even go about doing this? I was billed for a "procedure" without my knowledge...which might be justifiable if there was an actual "procedure" or if I was getting diagnosed for the first time, but that wasn't the case. + +Thanks in advance! + +**EDIT**: this blew up! It seems a piece of info is going over a few heads...I *didn't* expect to receive a bill personally. My insurance covers 100% of regular visits for my PCP and psychiatrist, but only 60% of "procedures" when it comes to visiting the psychiatrist, I guess. I have a $0 copay, and that is exactly why I am surprised to see the bill. + +For those of you who asked, the billing code is 90792. + +Also, I can pay the $135 no problem. But would any of *you* be willing to pay someone $135 if you didn't think you had to? Obviously if I'm fucked, I'll pay it lol. + +Those of you who gave solid advice...thank you! +>!SIKE, YOU THOUGHT!< + +This thread will be unpinned in 10 minutes, The 5 top-level comments with the most and least votes at that time get flair mods choose based on their comment history. + +[GME Megathread](https://www.reddit.com/r/wallstreetbets/comments/lybuq0/gme_megathread_for_march_05_2021/) +Conventional wisdom seems to indicate that once you have "made your number" you should shift into wealth preservation not wealth growth mode. Dial up bonds and other less risky investments, dial down equities, etc. + +This totally makes sense to me if you've got what you need and the primary goal is to preserve what you have. + +However, it seems to me that if you've got MORE than you need - say you could support a 3% safe rate of withdrawal and still be able to draw down 2-3X what you can imagine wanting to spend - that you actually can take on MORE risk. If the equities tank 50% who cares, you can just reduce spend / re-invest less. And in my case at least, this includes family, private schools, VHCOL area, etc., so there is no obvious way in which my spend would NEED to increase over my retirement window. + + +Especially if you're got a long retirement window (\~40-50 years), we're looking at high inflation short term, and probably reduced overall return over the next decade, there seems to me a fair amount of risk in being too conservative, even if your primary goal is "wealth preservation" and you don't \*need\* the growth. + + +(For more context, my thinking isn't extreme either direction, and more wondering if a 60/40 "conservative" portfolio that might be more appropriate for "wealth preservation" is actually correct vs. a 80/20 "aggressive" portfolio that has some more room for growth). +So a year and a half to two years ago I cut my leg open and required staples. Way back when the incident occurred, I paid the amount they said I was responsible for. I'm not sure what happened, but out of the blue I got an email with a bill for nearly $1,000 informing me that insurance denied my claim and i'm 100% responsible. After calling them, it turns out that the insurance they had tried to run was my insurance from like 10-years ago and she says that even if i gave her my correct insurance i had during the incident, she is certain they will deny it. Up until now, i have received no calls, no emails, and no mail informing me of the insurance issue. They claim to have physically mailed things to me a few times, but i am certain i would have seen it if i had received it. Is there anything i can do to challenge this? I feel like this urgent care really screwed me but not informing me of the issue until it was past the time where i could get them the correct insurance. + +EDIT: To add slightly more information, I live in Michigan and I had Blue Cross Blue Shield at the time of the incident. +I understand the whole decentralized aspects of these coins and how they are revolutionary and future minded, but I do not understand why all of these new ICO's are happening. For all of these new companies that are springing up and creating their own coins... What is the point? It seems inconvenient that in the future we would have to use all of these different coins for different purposes? + +What is the point of Dash? It seems very very inconvenient to have to convert my crypto currencies to dash coins to send to someone... + + I'm just wondering why they would create their own coin when it would be so much more convenient for them to create a platform that sends Bitcoin and Ethereum... and other major Cryptos. + +It just seems overall very inconvenient from the consumer perspective. Why would a consumer ever be interested in using these alt coins for purchases and transferring money when they can just use their Bitcoin's and Ethereum for the same thing? +I’m not looking for someone to pick the winners for me. I also understand that many coins have different purposes and features. I’m just curious, after looking through the 100’s of coins on CMC - how many do we really need? How many will just disappear? + +Will we see a few dominant coins and the rest become worthless? Will we see a day where you have multiple wallets on your phone to pay for different goods/services with different coins? + +I can’t see all these alt coins surviving. I guess it’s like any startup in that sense - a small percentage will rise to the top most likely while the rest eventually run out of steam. Just curious on your thoughts. +Theta Gang, I see quite a few of the generic “What stocks should I wheel” posts, and thought I would maybe give some insight and opinion on how I answer this question for myself by sharing my strategy. I am traditionally an investor from the Charlie Munger school of thought. By that, I mean, “buy great companies at fair prices.” From my personal investing journey, I have learned how to incorporate the Theta Gang “Wheel” to this frame of thought with a result that I am very happy with. Prior to adding options to my investing strategy, I would establish a target price for which I would like to buy a stock at, and wait for an opportunity to present itself. Now, since adding options to my strategy, I sell puts at the desired price, essentially getting paid to be patient as I wait for the price to fall in line with my target buy price. Something that is key to this, like many have said in the past, you have to do this with stocks that you want to own. I, personally, only do this on stocks that I would like to own forever. Don’t just look at the premium yield, but really give some thought to what companies you would like to own. That is what truly separates an investor from a gambler. Personally, I feel a sense of pride knowing that I am a part owner in companies that I respect and follow. This really enhances the enjoyment I get from this hobby. Once I have acquired the stock through my puts being exercised, to continue the wheel, I begin to sell calls against the stock. My goal isn’t to get the stock called away though. Like I said earlier, I only buy stock that I would like to hold forever, but I do sell covered calls to keep the cash flow coming. When deciding on the strike to sell the call at, I attempt to sell at a price that I feel will the stock will not reach within the timeframe of the call. The goal, simply, to keep the stock, while also keeping the cash flowing into my account. I know that this is mainly just a rehashing of the Wheel strategy, but I hope that giving my thoughts on how I approach it will help others in finding their own stocks to wheel, rather than just depending on others suggestions, or premium yield to dictate their investment decisions. + +&#x200B; + +I’ll provide some examples of some stocks I’m looking at and what my theoretical put and call strikes would be. I typically sell options 30-60 DTE, with the average falling in the 40-50 DTE range. I do not ever hold options that cover the quarterly earnings release / call period, as those can be very unpredictable. Note with the put and call strikes, if the market will not fill an order at my desired strike, I will not sell the opinion on that particular stock. The lowest premium I am willing to accept per contract is $0.20 per share. This is simply a personal preference. Thank you for reading my post, I hope this helps some of you, and thanks for having me as a member of the Theta Gang. Happy theta everyone. + +&#x200B; + +AAPL, Apple Inc , 65.00p, 125.00c + +BDX, Becton Dickinson and Co, 177.00p, 250.00c + +CL, Colgate-Palmolive Co, 71.00p, 81.00c + +CLX, Clorox Co, 149.00p, 233.00c + +EMR, Emerson Electric Co, 63.00p, 74.00c + +HRL, Hormel Foods Corp, 47.00p, 54.00c + +KMB, Kimberly-Clark Corp, 144.00p, 160.00c + +LOW, Lowe's Companies Inc, 150.00p, 177.00c + +MMM, 3M Co, 159.00p, 186.00c + +SWK, Stanley Black & Decker Inc, 128.00p, 170.00c + +SYY, Sysco Corp, 61.00p, 69.00c + +TGT, Target Corp, 138.00p, 164.00c + + +EDIT: Thanks for the rewards everyone. I am happy that I was able to help anyone that gained something from my post. +I'm new to the thetagang and I've started to sell CSP's in the hopes of wheeling. I learn best by doing and I'm learning a TON! + +A few days ago I thought I would experiment with SNDL to see if I could reap some benefits of these insane IV's. I bought 1000 shares ($1.38) to sell $2 CC's at around 300%+ IV. + +Now, with the market dropping, I can buy-out of these with a 50%+ gain after only 2 days into the 24DTE contract. + +Is it advised to sell now and wait until there's some upward movement? I'm bullish that there will be someday given the volatility of this meme stonk. OR, do I sit on it and let theta deliver her sweet nectar unto my account? + +Thanks! +I have a credit put spread 8/14 at 102p/95p with received credit of $2.49 and current price is $5.50 with DTE 8, as of now loss at 122%. never expected FSLY would've gone down that much. What is my option other than close the put spread now? +Hello everyone, + +I’ve been trading for about 6 months now, four months degenerate, 2 months theta gang, and I’ve noticed trading has a significant effect of how I feel, it’s as if the market has taken over my personality and made it almost as bipolar as the market is. I understand that theta gang is supposed to mean not stressing out, and your trades are 45 days out, but I can’t help but feel incredibly stressed on red days and incredibly euphoric on green ones. Do any of you have any advice? Stress also comes from seeing others make these 1000% plays and feeling as if I missed out, even though those plays are once in a blue moon. If anyone has gone through this, or has advice, I’d love to hear it, it’s keeping me from focusing in class, or anything I do now, and getting really bad. + +Thank you, + +Significantconflict3 + +Portfolio: + +https://imgur.com/gallery/qnJxWUa +My situation, + +34 Married - two kids. +I have a paid off home in HCOL area. +About 1.2mm in a stock / bond / cash portfolio. + +My business generates around 300-400k annually at the moment and my wife contributes around 100k from her income. + +Thinking of scaling back (working a few hours a day) and figure to earn 150k this way. Wife will continue to work (she's home based). + +Anyone use all their income as discretionary spending? Trips, cars, food, automating tasks etc..??? + +Trying to scale it back and focus on myself / family. + +I figure our current nest egg/investments will grow to about 5mm by 55 at which point I could pack it in completely / sell the company. + +Anyone adopt this? +I was surprised, of course, that he would make an appearance. I asked him what was so special about this particular night that brought spirits such as his near to our world. He said it was mostly the slutty costumes hot girls wear. Then I got down to business. + +"Lord Keynes," I said, "we are in a pretty bad way economically. It is the worst downturn in the economy since the Great Depression." + +"Have you tried stimulus measures?" he asked. + +"We have," I said. He looked skeptical so I said, "We've spent hundreds of billions of dollars, maybe even trillions, on stimulus, but growth is still weak and unemployment won't budge." + +"And what have you spent it on?" + +"Well, mostly we've used that money to bail out banks and keep government jobs in place. Oh, we also bailed out General Motors." + +"Good Lord!" he said. "Has America abandoned capitalism? Why would you spend public funds to keep failing institutions alive? I certainly hope nobody attributes such foolishness to my economic theories." He must have seen me look away, because he shook his head and continued. "Stimulus should be spent in such as way as to fuel the private sector. Tell me, young man, are their any infrastructure items that could use a bit of an overhaul?" + +"Well, yeah. I mean, our infrastructure is falling apart. Bridges are rusting away. Roads in some places are being ripped up and replaced with gravel. Fresh and waste water systems are in need of serious renovation..." + +He held up a finger to stop me. "And how much has the federal government spent on these projects since your recession began?" he asked. + +I shrugged. "Not much, really. Oh, we did try to create some 'green jobs." + +"What the hell is a green job?" + +"Well, the idea is to build some energy infrastructure with windmills and such to replace some coal plants." + +"You've got to be shitting me," he said. He shook his head and said, "Nevermind. What's stopping the federal government from spending money on repairing your infrastructure?" + +"There's debate about our debt problem. Some fear that our national debt is too large to risk going into debt further." + +He waved his hands. "Ridiculous. What is the ratio of your national debt to your economic output? Fifteen percent? Twenty percent?" + +"Um, it's about 100% right now," I said, somehow feeling like I had personally overspent federal monies for my whole life. + +"What the fuck!" he shouted. "How..." He twirled one finger in the air as if trying to find the right words. He finally said, "Well, you are screwed. My concept of stimulus assumed fiscal responsibility in good times. It seems no one paid attention to that part. Enjoy several decades of pain while you sort yourselves out. I'm going to check out some hotties." And with that, he disappeared. +I'm just a 'small-guy' (gal) investor and am playing it very long, hoping to be around long enough to enjoy the profits lol. My investment goal is to surprise my hubby with a cruise for our 50th anniversary! It's a ways off, thank goodness. +Basically just what the title says. I've been told that "neoclassicals" or mainstream economics has not sufficiently replied to the debate, and that it is not taught in most economics courses. Is this because the "mainstream" side of the debate truly doesn't have a response to Sraffa and Robinson or is the debate resolved? + +What even is the debate (I know it's quite technical)? + +Thanks +I have two questions: + +1. Could someone walk me through a typical four year econ degree, preferably with specialization in development economics? + +2. Has anyone completed an online economics degree? If so, what are some helpful resources or classes? +Sorry if this is a dumb question, I don’t really understand economics and I got curious. + + If a country got into a huge debt, could printing a lot of money save it by making the debt it has worthless? +Why does it seem like there is some sort of feud between economics and sociology. I often hear people say "I don't believe in economics I believe in sociology". I would say it feels more one sided with people in sociology disliking people in economics. Where did this start or am I just imaging this? + +Edit: Articles like this one is what I'm talking about [https://www.nytimes.com/2017/03/17/upshot/what-if-sociologists-had-as-much-influence-as-economists.html](https://www.nytimes.com/2017/03/17/upshot/what-if-sociologists-had-as-much-influence-as-economists.html) +GPUs are designed by companies, the two biggest being AMD and Nvidia, which then, for the most part, don't actually manufacture them. Instead, other companies license the design and produce their own version, often with small tweaks. To my knowledge, no other industries work this way. Is this a gap in my knowledge, or is it truly unique? If it is unique, why is it that way? +There's a lot of debate on this topic, but a fair bit of googling hasn't turned anything up as far as a strong rebuttal of this... which I feel like there should be since there's smart people on both sides of this topic. + +If women earn ~$.80 per $1.00 men make, doing the same job, why don't companies (in the aggregate) hire wayy more women than men, and pay them less to save money? If business leaders themselves are to blame for the sexist pay practices, why don't we see non-sexist people starting businesses that hire only women; labor costs would be 10% less across the board (assuming competitors have a 50/50 split of women and men), which is a significant advantage and could allow them to undercut competitors. You might expect this to be especially noticeable in markets where prices are low and margins very thin. +How do economics doctoral examinations decide, when a presentation is "right"? + +If economics' "truth" is vague? + +What kind of criteria do they use? + +Is it possible that it would be reminiscent of an "applied mathematics doctoral examination"? +I think the answers definitely No, but would like someone to confirm it for me and also if possible give some reasons to support why not? + +This is for a Presentation of mine in my Economics Class. +For a long time, I've identified as a left-leaning moderate. But I've exclusively tackled social issues and strayed away from forming opinions on economic issues. Frankly, I've just found it hard to establish any positions because I feel out of my depth. Now, I don't believe you have to be a genius to understand economics or form intelligent opinions concerning it, but I have reservations about establishing any sort of confident/solid opinions for the following reasons: + +-I feel like I'd struggle to combat my bias towards left-leaning positions. And I'd fall prey to other heuristics (i.e. confirmation bias). + +-I'm afraid of misinterpreting economic data. + +-Often, economists offer conflicting arguments and data. If the experts disagree on x economic issue, then how can I, a layman, form a confident opinion? + +-I'm not sure how to effectively criticize/support economic arguments because they're supported by studies I don't understand how to critique. And while I understand that economists provide critiques of studies all the time, I find that I can't confirm if those criticisms are valid or not (once again, because I lack sufficient knowledge). + +So many people are often wrong about basic economic facts and completely out of their depth. Oftentimes, people make incorrect assumptions and misinterpret data. + +Recently, I've been employing a lot more critical thinking when it comes to evaluating economic opinions, but it always leaves me with far more questions than answers. And because of that, I never form solid opinions. + +What advice can you guys offer? Am I overthinking this to an extent? Are my concerns legitimate? And do most layman have dogshit, ill-informed opinions on economic issues? + +Thank you. + +P.S. I don't believe experts aren't subject to the same biases and heuristics I am. They're capable of making the mistakes I listed, but for obvious reasons, they're arguments hold more weight to me than your average joe's opinion. +In NYC, a 1 bedroom in anywhere within a 15 min commute of Fidi is roughly \~$2500, while the mortgage + HOA + taxes on a 2 bedroom come out to about to a usually little less than \~$5000 a month. (2x roughly) + +In Chicago, seems like the loop or south loop a 1 bedroom rents for around $1700 and a 2 bedroom + taxes + HOA is like $2000 (like a nice part in a high rise where you can go jogging next to museum campus or walk to work in <15 mins). This means you could effectively in Chicago buy a 2 bedroom, rent out a room to a buddy and be living on "free rent". (1.2x roughly) + +Are investors modeling no population growth or price appreciation in Chicago? Is there a supply glut and alot of vacancies and rent prices are just artificially high? Are NYC real estate investors just crazy right now? I did some back of the envelope numbers and San Francisco is even worse than NYC right now. + +&#x200B; +Regardless of how much you earn or where you are in your career, I’d love to hear some positive stories about achievements in people’s careers. + +It could be changing career paths, getting that promotion, making a difference, closing a sale, or completing a major project - it might even be all of those at once or a whole lot more! + +Whatever it is, let us know the achievement you’re most proud of so far. +PSA: Prices going up from Tuesday. + +☕️ $1 coffee will be $2 +☕️ $2 coffee will be $3 +☕️ $3 coffee will be $3.50 + +Will you be still getting your coffee fix from here? + +Edit: 50c cheaper using a keep cup +When I first started working, I would save my money pretty well. Say I got a check for $350, I would deposit $300 into my account and take the $50 for myself to spend on whatever I wanted. I was living at home and the only bills I had to pay were for my car and phone. I kept that saving method up until covid hit, and then I didn't get call back from my boss (worked for him for 4 1/2 years) so I was out of work for about 4 months. + +Anyways, when I got another job I switched from a bank to a credit union and that's when I started using a debit card. It's one of the worst things that has happened to me financially. Though I don't go around spending too much on unnecessary things, it's just so damn easy to swipe that card or to enter it into a website for a subscription. Trying my best to go back to saving my money the way I always did. +Guten Morgen to this global band of Apes! 👋🦍 + +Last week was one of the most exciting yet, and I have a feeling that this week is going to be even more exciting. As we approach the deadline to vote, I want to emphasize how important it is that each Ape votes all of their shares. We have the opportunity to overwhelmingly approve the resolution that the Board will use as a mandate for a stock dividend, and the more votes we are able to muster, the more obvious it will be that it is the will of the shareholders to issue the dividend. + +Today's exchange rate is the lowest I've ever seen; another indication that the global markets are all in a tailspin. Where will it go today? + +Today is Monday, May 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$98.50 / 94,85 €** *(volume: 1783)* +- ⬜ 115 minutes in: $98.50 / 94,85 € *(volume: 1782)* +- 🟩 110 minutes in: $98.50 / 94,85 € *(volume: 1782)* +- ⬜ 105 minutes in: $98.50 / 94,84 € *(volume: 1771)* +- ⬜ 100 minutes in: $98.50 / 94,84 € *(volume: 1761)* +- ⬜ 95 minutes in: $98.50 / 94,84 € *(volume: 1748)* +- ⬜ 90 minutes in: $98.50 / 94,84 € *(volume: 1748)* +- ⬜ 85 minutes in: $98.50 / 94,84 € *(volume: 1733)* +- 🟩 80 minutes in: $98.50 / 94,84 € *(volume: 1728)* +- ⬜ 75 minutes in: $98.19 / 94,55 € *(volume: 1593)* +- 🟥 70 minutes in: $98.19 / 94,55 € *(volume: 1520)* +- 🟥 65 minutes in: $98.55 / 94,90 € *(volume: 1493)* +- ⬜ 60 minutes in: $98.56 / 94,90 € *(volume: 1493)* +- ⬜ 55 minutes in: $98.56 / 94,90 € *(volume: 1477)* +- ⬜ 50 minutes in: $98.56 / 94,90 € *(volume: 1456)* +- 🟩 45 minutes in: $98.56 / 94,90 € *(volume: 1440)* +- 🟩 40 minutes in: $98.55 / 94,90 € *(volume: 1440)* +- 🟥 35 minutes in: $98.35 / 94,70 € *(volume: 895)* +- 🟩 30 minutes in: $98.35 / 94,70 € *(volume: 685)* +- 🟥 25 minutes in: $98.35 / 94,70 € *(volume: 682)* +- ⬜ 20 minutes in: $98.35 / 94,70 € *(volume: 681)* +- 🟥 15 minutes in: $98.35 / 94,70 € *(volume: 564)* +- 🟥 10 minutes in: $98.40 / 94,75 € *(volume: 564)* +- 🟥 5 minutes in: $99.18 / 95,50 € *(volume: 351)* +- 🟩 0 minutes in: $99.23 / 95,56 € *(volume: 153)* +- 🟩 US close price: $98.39 / 94,74 € *($98.00 / 94,37 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0385. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +It’s seemed like a huge financial burden on my parents and was wondering if anyone here can help me with options? Do we just need a new company to install brand new ones? 3 DONT work already and continue to wither. + +Edit - HOLY COW thank you so much for everyone’s support, to answer a quick thing. + +There are actually a total of 17 panels that do not work, not 3. I just checked with my dad. + +Massive Thank you’s to everyone. I truly appreciate all the help and will try to update tomorrow on how things go. + +Edit 2: The app where I can see the panels and which ones work and don’t is called ENPHASE, is that the manufacturer? (I have found out it is not) + +Edit 3: I must go but will read any other replies in the morning and update with another post once I have contacted everyone I have been informed to contact as well as finding out other information. I did NOT expect this outpouring support for a question and appreciate everyone that guided me and educated me! + +Edit 4: For clarification, I don’t want to help the bankrupt company, it is gone, it is done with, I want help with the warranty that so many awesome people have helped ne out light on! +I bought 2,000 ETH at the ICO for ~$550. I missed out on BTC's rise and thought, "This is enough to make me a millionaire one day--if ETH goes the way of BTC." + +Wanting to pay off some debt, I sold them in December of 2015 for ~$1.00 each, thinking i could buy back in a few months for about the same price. + +Over the course of the next year, envying the rise to $15 (and then $20) I desired to get my original 2k ETH back. I cashed out my remaining bitcoin as the price began to surge in early 2016, and acquired ~700 ETH by January 2017. + +Impatient, I wanted to meet my goal faster so I tried to hop on the ICO P&D train to try to collect more ETH. I had gone through the DAOsaster and now saw the price bobbing between $7 and $10 for months. I made a big bet and got burned. As ETH rose to $12 and $13, I thought "correction soon. Relax." As it heads to $20 and $25, I thought the same. When it hit $30 i thought "unbelievable, but finally stable. Correction soon." In two days it hit $50, and now here we are, flirting with $100 back and forth. + +Have I lost money? No. I'm in the green--and thankful for it. I have a nice-sized portfolio, but I can take no joy from it. Had i just forgotten about my ETH in the first place, my portfolio would be daily swinging between $180 - $200k...a far cry from where it is right now. I am teased by "what I could have had." + +Since I got into Bitcoin in late 2013, I have heard the mantra of "never invest more than you can afford to lose." But how do you figure out what that is? After all, I could lose it all and I still wouldn't be homeless. It would just be exhausting. + +The recent months have taught me that, with crypto, what you can "afford to lose" is the same as what you can "afford to forget about." Lock it up for a couple years, forget the price, and be surprised when you take another look at your portfolio. It keeps you from trading, FOMOing, panic selling, and obsessively checking the price. + +I began trading to reclaim my original 2k ETH stash. It was fear of missing out. And do you know what FOMO made me do? It made me miss out. Twice. + +This is crypto. Stake your position and forget about it. Don't invest more than you can afford to forget. + +If it's a sum you can't forget about--it might be just too much. + +Just some food for thought. +As we all know, the entire crypto market uses USDT as it has the most trading pairs of any stablecoin. As we all know, Tether is a very shady company refusing to be transparent about what is actually backing USDT. + +USDC, which is "*fully backed by cash and equivalents and short-duration U.S. Treasuries*" and publishes monthly " *attestation reports by Grant Thornton regarding the reserve balances backing USDC"*, is a much more reliable alternative. + +For months now USDC is growing larger and larger. It had a $4B market cap on 1/1/2021 and currently stands at a $41b market cap. A 10x increase. + +Tether currently stands at $76b market cap, coming from a $21b market cap. A 3.6x increase. + +If this trend continues, USDC will flip USDT within the year, which means the inevitable exposure of USDT as a scam will have a much smaller impact than before. + + +Transcript i made from an interview that took place 1 month ago ( sorry if there are some mistakes ) + +[u/atobitt](https://www.reddit.com/u/atobitt/) can confirm or correct this. + +When you have 2.9 million shares to borrow, you have to realize that the number you see is "reported" on ibkr or fidelity (I have fidelity) + +A few months ago, we started investigating this and calling fidelity representatives to try to figure out how they calculate it ... we got 3 different answers from 3 different representatives ... + +No one knows who the shares are being located by ... they just say this is confidential, we can't provide it ... but the way the number comes up on the terminal (where you read the available for borrowing) is a calculation of what they believe SHOULD be available, based on volume, the position number that is actually reported as available for borrowing, but when it goes down to zero and the next day you see 2.9 million shares, those shares can be taken out of anything ... + +They can be taken out of ETFs, XRTs, it could be a day when somebody came in and bought a bunch of shares ... like two days ago there was a huge spike right before the close, it could be a short position that is being hedged and now all of a sudden those shares are now available for lending ... but the important thing here, you have 2.9 shares available this morning ... what is the first thing people are going to do when they see this ... they're going to think : "oh fuck something's wrong, something's happening".... the cost of borrowing went down a little bit regardless it was held for about six weeks, it peaked, it stayed a little bit higher, it peaked and then you look after four weeks ... + +All of a sudden things happen like towel, popcorn, babypopcorn..... Gamestop.... relaxing ... the price stays the same, maybe it goes down ( if you look at the six-month chart you have a good support line) and when you have low volume, low demand, it's really easy to hit with a bunch of shares through the shorts and bring the price down, and so . . those 2.9 million shares no one knows what they are for ... if they were borrowed right now and sold instantly in the market ... they could have borrowed 2.9 million shares, to cover last month's FTDs ... + +It's so hard to try to figure out what's going on or what they're going to do with it ... in days with 4 million, 5 million in volume, why would you want to borrow 2.9 million shares if you're going to short them anyway ... + +TL:DRS +It looks like the $DOGE craze isn't dying down anytime soon... and one of the most promising derivative memecoins in my opinion is $HOGE. I could see it do a 10x in the 1-2 weeks after exchange listing, and up to 100x after that. If it can gain traction with $DOGE crowd, it could do even more than that. Right now it's sitting on pretty solid support with an exchange listing coming soon, so the risk is relatively low with high potential reward. + +HOGE is based on a sunglass wearing bulldog, and is intended to be the DeFi version of $DOGE on ethereum network. Vs $DOGE unlimited supply, $HOGE has a 2% burn on all transactions, half of which is redistributed to holders. So far it's been held back by the exorbitant gas fees and an early pump that happened too fast, but the price has found strong support, the number of holders is still growing. HOGE will be listed on an Exchange (Whitebit) in the coming days, which will remove the gas fees and make it more accessible to the general public. From what I've seen on telegram, the community is super committed to making $HOGE succeed, so I have high hopes for this yet. + +This is a great time to get in before the exchange listing on Whitebit, website updates, etc. + +My position: ~1 ETH / 1.x billion HOGEs. + +Coinmarketcap: https://coinmarketcap.com/currencies/hoge-finance/ +Coingecko in progress + +HOGE Market Cap: ~$500K (<500B outstanding tokens * 0. ... 116) + +Telegram: t.me/hogefinance (it's really a great community, you're welcome to join!) + +Subreddits: /r/hogefinance (main), /r/hogecoin, /r/hoge + +Previous /r/cryptomoonshots post: https://old.reddit.com/r/CryptoMoonShots/comments/lgts7q/hoge_is_the_token_to_combat_whales_and_dumping/ + +HOGE website: https://hoge.finance (a new and improved website will go live in the coming days ... check the Telegram for more info) + +HOGE Holder List: 1400 holders and growing, at https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances (1400 holders, only 3 1% whales who aren't selling any time soon --- very well distributed) + +The Uniswap liquidity is locked for 4 months: https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960 + +To buy: Go to Uniswap (https://app.uniswap.org/#/swap?inputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) (i'm linking the HOGE/ETH pairswap) - link your Coinbase or MetaMask, and swap ETH for HOGE. Increase "Slippage" to 2.5% or 5% to account for price fluctuations while buying. +Title says it all. Looking to buy into a few more low caps. Ideally under 10m cap, legit project, solid track record, competent team, and low supply. + +My current faves: + +$DIS +$EASY +$SOAR +$CUDOS + +Shill me your best 😊 +Website: https://www.y-5.finance/ + +Twitter: https://twitter.com/Y5Token1 + +Discord: https://discord.com/invite/m89EZZUcp4 + +Reddit: https://www.reddit.com/user/Y-5Finance + +Telegram: https://t.me/Y5TOKENOFFICIAL1 + +The new standard in DeFi tokens, check out Y-5 Finance at the above links. Will be the first to offer a REGULATED TOKENOMICS EXCHANGE. + +From 123-BSC.com: + +The Y-5 team was able to overcome every obstacle faced and successfully grow to 4,000+ holders and $2MM BUSD rewards distributed in its first 2 weeks. The CEO Bradley, leads the operations and has a military and financial background. Furthermore, he is surrounded by trusted advisors who are experienced in the regulatory environment. Y-5 is embarking on a journey to solve the pain-points currently experienced in the industry as well as bring investing in tokenomics projects to the masses via a regulated exchange. On their short-term roadmap, they are announcing innovations of being able to stake tokens while receiving BUSD rewards as well as the ability to receive reflection rewards of any token with a BSC address. + +CEO Bradly’s update on 2022/02/02: + +It has been a very, very busy and proactive 2 weeks with the team and advisory board. We have gone firm on our roadmap and order of our releases. Please note this may be subject to change however, we are now fully engaged to deliver this Y-5 roadmap. + +Our first version of the exchange will be ready in 5-6 weeks. + +We will then move on to the following: + +- Wallet +- fiat on and off ramping +- Stable coin Y-5GBP & Y-5USD +- Token launchpad +- NFT Marketplace +- The Y-5 Chain +- V2 and custom reflections. + +Some of the above will be worked on in parallel. + +Listening to the TG group we felt it was important for the community to have a voice. So are also now a fully functioning DAO, giving the power to the community to submit proposals. You must own over 500B of Y-5 to submit a proposal. However, anyone can vote on any of the proposals submitted. + +https://snapshot.org/#/y-5.eth + + +I’m really excited about and looking forward to the AMA. So please get all your questions ready. I will make sure I answer them all. + +Thank you to all the investors and this amazing Y-5 community. +XRB has been the number 1 shill on this sub for well over a month. Any criticism has been heavily downvoted, to the point where almost 100 % of the exposure XRB gets on here is overly positive. + + + +Even though I like the project, it simply can not be as good as the shills on this sub would suggest. The transaction cost and speed is amazing, but what are some challenges that XRB is still facing? + + + +And please, for once, can this sub be fair and let skeptical people have their say too? Also, no price discussion please. +These last couple weeks watching the users here drop countless NFTs for free is amazing. Seeing how they've evolved in just that short amount of time with JUST THE WALLET being released is insane. Community members stepping up and creating tutorials for how to mint and publish games. + + +The marketplace isn't even out yet and people are already gaming with NFTs on GameStop's platform. This community is building it and they will come. It's inspiring. It reminds me yet again why we're going to win. + + +Good luck Kenny boy, we're coming for that mayo 🔥 +As the title suggests, I achieved $1m NW in 10 years. I’m 33, SO is 31, Son is 6. We live in a MCOL suburb in the Midwest. + +2011 - Graduated college in May 2011. Started job in July earning $43k. Wife graduated in December 2011. + +2012 - We bought a house for $140k (used all of our savings for a down payment off $7k). Our combined salary was approx. $65k. Net Worth = $25k + +2013 - Combined salary approx. $70k. Net Worth = $55k + +2014 - Paid of student loans ($19k). Wife got a new job. Combined salary of $80k. Net Worth = $91k + +2015 - Son was born. Paid off car loans ($20k). Promotion/raise at work - combined salary of $100k. Net Worth = $125k + +2016 - Combined Salary of $110k. Started after tax brokerage account. Net Worth = $215k + +2017 - Bought a new house ($267k). Combined salary of $125k. Net Worth = $351k + +2018 - Combined salary of $130k. Net Worth = $460k + +2019 - Combined salary of $135k. Net Worth = $635k + +2020 - Combined salary of $140k. Net Worth = $825k + +2021 - Combined salary of $150k. Net Worth = $1m+ (hit $1m in Aug 2021). + +It took 10 years and 1 month of working to surpass $1m net worth, which breaks down as follows: -$17k cash -$300k stocks (after-tax) -$525k retirement -$150k house equity -$35k HSA + +We’ve averaged \~$100k as our combined salary over the past 10 years. I could be misremembering exact salaries throughout the years, but those listed are probably pretty close. We’ve maxed out ROTH IRA’s since 2012 and have maxed 403B (w/ 10% match), HSA, and contributed about $25k to after-tax account for the past 5 years (saving \~$75k annually). We still go on vacations, buy stuff on Amazon, order take-out…etc. Our expenses have always between between $45k-$50k since having our son in 2015. + +Lessons learned: 1.) Prioritize savings. When I received a promotion/raise in 2015, I started maxing out my 403B, instead of spending the extra money. After doing that, I think I actually lost $50/mo in my paycheck - worth it. + +2.) Kids don’t have to be that expensive - We kept our starter home (very low payment) while our son was in daycare ($800/mo), and didn’t move until we eliminated that expense. We spend a lot of time with family, going to parks, camping….These aren’t expensive activities. + +3.) Reaching $1m was a total let down. I plugged in the numbers, realized it, and then just went about my day. It’s too abstract (spreadsheet money). + +4.). Write a 5 year - 10 year plan. We did that in 2012 (listed out our assets, debts, goals for each year). It helped provide direction, in the event we found ourself with extra money. Our goal was to reach $1m by age 36. + +&#x200B; + +Edit #1: here is my net worth graph. I've been tracking for almost 10 years. [https://imgur.com/WY55DsZ](https://imgur.com/WY55DsZ) + +Edit #2: The bumps in 2015, 2017, and 2018 on the NW sheet above were combo of house appreciation and bonuses from work. +Edit: not actually tmrw haha, next rippy + +1. We're forming a double bottom which means we're going towards the end of this algo cycle (new one could begin after ofc) + + +2. DRS numbers are insane. Still not 100% but all time low volume going into this rip is bullish AF + +3A. GameStop execs and board members are smart, they are near ready to release a full marketplace. They MIGHT be waiting for the upcoming rippy and releasing the marketplace at the end of the double bottom. + +Algo trading will force us to rip and MSM will be forced to write articles "GME is up XX% on the release of the marketplace" + +3B. NFT divvy is on the table + +4. If 3 is true, FOMO will synergize with the cycle to push us even higher + +5. If 3+4 are true, the price might get too high for the shorts. + +5A. You guys remember the trust me bro few weeks ago where someone posted that Susquehanna had an insane margin call in the billions? If we reach the price above that margin price, they'll be in deep trouble. + +5B. Bullish DD done by u/whatcanimaketoday showed that Luk Securities is most likely in default with OCC and recently the DTCC filed a cease to act against Luk Securities. Luk is most likely in trouble due to bad GME bets (again see u/whatcanimaketoday DD). And SEC allowed OCC to access pensions for extra liquidity. Walls are closing in + +6. Splivident, given it was handled correctly (big IF), should start causing damage soon + +7. Given hedge funds and banks will drain pensions to save themselves, Mayo Boy probably expects to live through MOASS. he'll use these connections to pass the bag and somehow survive with a bailout. And after go into politics post market crash so he can reshape laws for his benefit and blame retail for having too much power + +*Written under assumption of buy, hold, DRS only +I’m looking to see how everyone else views QYLD. Currently I add about 2-3k a year to my Roth IRA to use as an income stream in retirement. I full well know that there are better options for growth and that my Roth should be focused toward that, but I already have a 401k with a company match that I’m close to maxing out. Does anyone else see QYLD as a source of income for the future? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## 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. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | | [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Those who were here 2017-18 know what is coming over the next few months: the herd will thin and many of the alts you’ve grown to love are going to starve and die. Bitcoin dominance will consolidate and is already creeping above 70% in terms of volume. + +As someone who first bought bitcoin in a barnes and noble off localbitcoins in 2013, I consider myself a Bitcoin Maxi — but I would be lying if I didn’t say that my biggest gains haven’t come from altcoins. Remember that ether itself was once considered a shitcoin. **Historically, here are the two best things you can do during crypto winter:** + +1. **DCA into bitcoin** +2. **Study and pick your alts.** + +Many coins that were by no means unknown in 2018 went on to produce 10-100x gains. Here are some prices for reference on Dec 22, 2017 — right after Bitcoin fell 30% over the course of two days (sound familiar?) + +* BNB: $5.54 +* Link: $0.57 +* KuCoin: $0.88 + +Now, one of the bad things about the crypto industry is that people try to it make more complicated than it needs to be. Bitcoin needs a white paper; Floki Shiba Inu Monkey Pox coin doesn’t. This is why I wrote an [ELI5 Description of Every Coin on Coinbase](https://www.bitscrypto.com/cryptos). A few well placed investments into the right alts while dollar cost averaging into BTC/ETH has historically been the best bear market strategy — and there is no reason to think this time around is any different. + +Even more important than picking the right alts is to **set up a DCA strategy and stick to it**. I like to keep my crypto investments proportional to how much money I’m actually spending day to day, so I actually wrote myself an ios/android app that rounds up my everyday purchases and invests the spare change into my coinbase portfolio. This is a strategy I’ve been employing for a few years now, but only just recently made the code user friendly enough to be used by strangers and added a “boost” setting so you can ramp investments up and down with spending. I made it free with no current monetization plan (it’s in the [app store](https://9u9hu.app.link/e/view), so reviewed by Apple/Google). + +\*\* Edited for people who don't want to click any embedded links (a la "all my apes gone"): + +* ELI5 descriptions: [https://bitscrypto.com/cryptos](https://bitscrypto.com/cryptos) +* Free "acorns for crypto" app with no monetization plan: + * iOS: [https://apps.apple.com/us/app/bits-buy-crypto-with-change/id1619835745](https://apps.apple.com/us/app/bits-buy-crypto-with-change/id1619835745) + * Android: [https://play.google.com/store/apps/details?id=io.bits.getbits](https://play.google.com/store/apps/details?id=io.bits.getbits) +Do you: + +a) think you will outperform. However it seems most people think you'll underperform + +b) major positive is that its almost like a good way to generated some income from cash. Why do you need it though? Does your salary not meet your living expenses and you need to generate income from your assets? What's the point of doing all this work and having a huge risk of ending up bag holding some stocks? +There is absolutely no doubt that we are a in a bubble right now and some people will start feeling that conventional methods of value investing are no longer applicable in this new world that we live in. Sooner or later the bubble will burst and these people will start seeing value in what Warren Buffet does or write. + +However, at the same time, considering Buffet as a know it all Jedi and ignoring every stock he ignores is not a smart strategy either. Buffet selects stocks which he can understand at a personal level. Given his age, there are some companies whose business models buffet is not able to comprehend and hence he stays away from them. However, buffet staying away from these companies does not make them inherently a bad investment. + +Buffet stayed away from tech and although the tech bubble did burst in 2000, the ones that survived have been a great investment. Amazon has become bigger than ever. Google's ad revenues have grown multi-fold and Facebook has at least half of all humanity across various platforms. These are all solid companies, with a solid business model and solid cash flows. + +Maybe buffet stays away from them because he doesn't understand them and that's perfectly fine. Buffet is at the end of the day just another human investor who invests in things he understands and his level of understanding will vary according to his age and his perspective. However, that doesn't make the companies he doesn't invest in a bad investment either. + +So ideally, you need to learn as much as you can from a legendary investor like Warren Buffet but at the same time, do not get blind sided by it either. Buffet is after all a human too. If you can find value in tech companies like Google or Facebook or Netflix that have zero marginal costs and a strong tech moat then by all means invest in them too. + +When you're somewhere around 60-70 and do not understand the business model of the company selling the latest solar powered AR headset, then stay away from that company. However, don't discourage a guy in his 20s to stay away from that company too. + +edit - + +A lot of companies in buffet's portfolio are really old and he has been invested in them for decades now. Some of them pay as much in dividend every year as their acquisition cost decades back. He does not have to worry much as the dividends itself will make for a cosy retirement. However, if you're someone in your 20s and expect that investing in Coca - Cola as of today for its dividends will help you build a sizable retirement corpus then think again. +Being a software engineer, ignorantly having insulated myself from other interesting fields, I’ve begun to develop an interest of late, especially in economics. I’d like to be enlightened by this kind community on my rather rudimentary impressions, mainly related to production, money, fiat money and other allied notions. I’d like to conclude this preface with a kind apology for my evidently apparent naivete. + +To begin with, I’ve, for some strange reason, centered my entire intuition on production, on which I shall elaborate further in the course of this post. + +As mankind evolved to a primitive society capable of independent existence as a group, they went to hunt for subsistence. There likely was limited division of labour, or specialization of skills, but there was some sort of artisan type sub-group within the tribe which led to further specialization and division, leading to primitive manual production of clothes, utensils, accessories, weaponry and so forth. With further sophistication, there emerged nomadic tribes. And then they had settled down at fertile plains leading to agriculture. + +As they settled in one place, with concrete division of labour, produce of different types were traded amongst these sub-groups – the barter system. This meant every subgroup had to produce something to exchange it with. The lowest common denominator was likely food grain (wheat, rice, etc). Any entity which controlled the production of this good likely was the most powerful business entity back then. Perhaps a large farmer guild was the “reserve” bank like entity? + +What likely happened next is substituting proof of production with some universally accepted entity - gold/other commodity. Gold likely replaced the earlier least common denominator- food grains. Every good could now be traded with gold. Making it the earliest form of currency. Which brings me to my first question. If it is so, say some otherworldly deity were to bless me with a handsome amount of gold, which I am free to exchange for produce from various sub groups, without having produced anything myself, how does this work? Choice of gold was made due to its rarity. Gold was accepted as proof of production. But magically hoarding gold does not necessarily equate to producing that much, isn’t it? This is something I’m unable to have any intuition on. I’ve assumed gold is arbitrarily accepted as proof of production/work, just because it is. + +Fast forward, we had currencies backed by gold. Reserve banks held reserves of gold, issued equivalent currency, which now was in circulation and was exchanged for produce. There must be production, and, only then, it could be exchanged for currency, which seems ideal. There would be a gap, so this results in inflation. + +We now have fiat money. The reserve bank can essentially assume to own any massive amount of “proof of production”. Here, unlike the earlier cases, production has to chase the proof of production issued to avoid any “problems”? There are advantages of course, loss of “value” of proof of production, would force people to utilize this “proof” to produce more, as here we have the production chasing the proof of production rather than vice-versa [aka inflation], leading to increased productivity. +So it makes sense for the reserve bank to be rational and in good faith. The amount of “proof” arbitrarily declared is controlled. The gap of proof (inflation) is controlled. Chasing this proof is now somewhat realistic by the industry. + +We had produce exchanged for produce, We then had least common denominator produce used as the most basic proof of work/production. We then had gold as the universally accepted entity of proof of production to substitute the least common denominator (hoarding a magical number here again leads to doubt. Like coming across a ridiculous amount of gold). We now have a mechanism wherein an entity can arbitrarily assume to have X amount of proof every year/quarter. I do not get this. I think my understanding faltered from the “gold” bit. Please enlighten me. +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 +Being a software engineer, ignorantly having insulated myself from other interesting fields, I’ve begun to develop an interest of late, especially in economics. I’d like to be enlightened by this kind community on my rather rudimentary impressions, mainly related to production, money, fiat money and other allied notions. I’d like to conclude this preface with a kind apology for my evidently apparent naivete. + +To begin with, I’ve, for some strange reason, centered my entire intuition on production, on which I shall elaborate further in the course of this post. + +As mankind evolved to a primitive society capable of independent existence as a group, they went to hunt for subsistence. There likely was limited division of labour, or specialization of skills, but there was some sort of artisan type sub-group within the tribe which led to further specialization and division, leading to primitive manual production of clothes, utensils, accessories, weaponry and so forth. With further sophistication, there emerged nomadic tribes. And then they had settled down at fertile plains leading to agriculture. + +As they settled in one place, with concrete division of labour, produce of different types were traded amongst these sub-groups – the barter system. This meant every subgroup had to produce something to exchange it with. The lowest common denominator was likely food grain (wheat, rice, etc). Any entity which controlled the production of this good likely was the most powerful business entity back then. Perhaps a large farmer guild was the “reserve” bank like entity? + +What likely happened next is substituting proof of production with some universally accepted entity - gold/other commodity. Gold likely replaced the earlier least common denominator- food grains. Every good could now be traded with gold. Making it the earliest form of currency. Which brings me to my first question. If it is so, say some otherworldly deity were to bless me with a handsome amount of gold, which I am free to exchange for produce from various sub groups, without having produced anything myself, how does this work? Choice of gold was made due to its rarity. Gold was accepted as proof of production. But magically hoarding gold does not necessarily equate to producing that much, isn’t it? This is something I’m unable to have any intuition on. I’ve assumed gold is arbitrarily accepted as proof of production/work, just because it is. + +Fast forward, we had currencies backed by gold. Reserve banks held reserves of gold, issued equivalent currency, which now was in circulation and was exchanged for produce. There must be production, and, only then, it could be exchanged for currency, which seems ideal. There would be a gap, so this results in inflation. + +We now have fiat money. The reserve bank can essentially assume to own any massive amount of “proof of production”. Here, unlike the earlier cases, production has to chase the proof of production issued to avoid any “problems”? There are advantages of course, loss of “value” of proof of production, would force people to utilize this “proof” to produce more, as here we have the production chasing the proof of production rather than vice-versa [aka inflation], leading to increased productivity. +So it makes sense for the reserve bank to be rational and in good faith. The amount of “proof” arbitrarily declared is controlled. The gap of proof (inflation) is controlled. Chasing this proof is now somewhat realistic by the industry. + +We had produce exchanged for produce, We then had least common denominator produce used as the most basic proof of work/production. We then had gold as the universally accepted entity of proof of production to substitute the least common denominator (hoarding a magical number here again leads to doubt. Like coming across a ridiculous amount of gold). We now have a mechanism wherein an entity can arbitrarily assume to have X amount of proof every year/quarter. I do not get this. I think my understanding faltered from the “gold” bit. Please enlighten me. +This question is routed towards people who like to pick funds on their own. I was reading "The little book of common sense investing" and tried to do a little digging. The NIFTY 50 returns have been as follows: + +* 10 years - 14% +* 5 years - 11.46% +* 3 years - 11.05% + +From a cursory glance (I could be wrong here) only 6 large cap funds seem to have been able to beat it for all these periods. I have only started investing for an year, and would like people who have been in the market for some time to answer some questions: + +* How long have you been investing via mutual funds? +* What has been your average returns over long periods of time? Have your fund picks consistently beaten the markets (for 3Y, 5Y, 10Y periods)? +* What has been your fund picking criteria? If you have looked at consistent past performance, how often did it translate to consistent future performance? +* How often you had to switch funds because of poor performance? How has that degraded the returns because of taxes on realized gains? +* Any other tidbits you might want to add? +All the time I see people posting about spending $400, $300 or even $200 a month on groceries, how??? Between me and my wife I would say we spend at least 600 on a good month, seems like we never have enough in the fridge and I’m going to the store a couple times a week. Honestly don’t know how to make it cheaper without eating eggs rice and beans for every meal. + + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\--------------------------------------------------------------------------------------------------------------------------------- + +Sorry for the delay with this one Apes. IRL gets in the way sometimes. + +This one has been a bit of a journey too. I don't have all the answers here, so again... I leave it to you to make your own interpretations... THIS IS MERELY A DISCOVERY JOURNEY OF PUBLICALLY AVAILABLE INFORMATION. + +SMILE FOR THE CAMERA KENNY + +&#x200B; + +https://preview.redd.it/9x7qiqgip6871.png?width=480&format=png&auto=webp&s=adab353e26fea00253b5b2156a4237f6f30b581c + +So today's episode of BBC is going to start out at the public-facing image they want you to look at. For Kenny and his Wife at the time, that comes in form of the Kenneth and Anne Griffin Foundation. + +***(They like this format: Bill and Linda Gates Foundation)*** + +The headline for the Kenneth and Anne Griffin Foundation is: + +**The Kenneth and Anne Griffin Foundation believes that powerful ideas change the world. We identify and support pioneering leaders whose visionary ideas introduce new thinking and drive results. We focus on education, healthcare and the arts because these pursuits form the core of a vibrant, creative, and productive society.** + +And the Fact they have **PLEDGED** $100 million to charitable and philanthropic causes since 2009 + +This is their tagline in the media. Source: [https://philanthropynewsdigest.org/news/kenneth-and-anne-griffin-foundation-likely-to-close-due-to-divorce](https://philanthropynewsdigest.org/news/kenneth-and-anne-griffin-foundation-likely-to-close-due-to-divorce) + +**SO I DECIDED TO FACT CHECK THIS** + +\----------------------------------------------------------------------------------------------------------------------------------- + +FIRST OFF - Let's address the fact that these numbers are all pledged! + +When you hear about X Billionaire donating to X cause, from what I can tell... this is usually in the form of a pledge, not a donation. So they get the headlines for setting up a Direct Debit to these causes so to speak... **10 million, might be 1 million a year for 10 years.** + +SECOND OFF - Take note of the year... $100 million since 2009 + +I decided to WAYBACK MACHINE this shit, and found the website: + + + +https://preview.redd.it/uz9vhqhks6871.png?width=1171&format=png&auto=webp&s=b9a3b362c07b3ac6f89e1e46a1f9436af2516835 + +Ok... so they do claim $100 million in pledges on their website, but... they claim since 1999. + +(10 years earlier than what the media reports) + +SO.... + +The foundation officially announced it would shut down in 2014. + +So if you were to go with what the website claims, the foundation ran from 1999 - 2014. + +(Let's do some math) + +**That's 15 years!** + +OR... if you were to go by what the media claims or [Wikipedia](https://en.wikipedia.org/wiki/Anne_Dias-Griffin) states, the foundation ran from 2009 - 2014.... + +(Math pause...) + +**That's 5 years!** + +BUT... when we look at the IRS Form 990s... ([Which you can freely search here](https://apps.irs.gov/app/eos/)) it will only show the company final letters (Which you would think are a confirmation of them disbanding, but is actually their confirmation of tax-exempt status) + +\-- There were actually 2 of these listings for Kenneth and Anne Griffin Foundation with the same Final letters. + +\-- BUT... I found out this was the normal process for the IRS. They no longer make public the records for charitable organizations that have shut down... + +CONVENIENT... + +Luckily... after a bit of Google Detectiving, I found a website that archives at least SOME of these old tax-exempt organizations. + +\----------------------------------------------------------------------------------------------------------------------------------- + +But before we jump into the nitty-gritty... let's take a quick pause to appreciate some puppy pics... + +Aww.... who's a good little boy??? Yes! You're a good little boy!! + +&#x200B; + +https://preview.redd.it/q5hwdnnvu6871.png?width=710&format=png&auto=webp&s=e54ff3804daada52a5099ab89a8a7c1f82305ef2 + +\----------------------------------------------------------------------------------------------------------------------------------- + +THE KENNETH AND ANNE GRIFFIN FOUNDATION - FORM 990S. + + + +**2014:** [https://projects.propublica.org/nonprofits/display\_990/364747915/2014\_12\_PF%2F36-4747915\_990PF\_201410](https://projects.propublica.org/nonprofits/display_990/364747915/2014_12_PF%2F36-4747915_990PF_201410) + +Listed as $1.7 million donated + +Listed as $0 approved for future payment + +&#x200B; + +Sideways Reading - (These pages are always sideways on the IRS website for some reason...) + +* $1.6 million paid to +* Breast Cancer Research Foundation: $10k +* Chicago Council on Global Affairs: $25k +* Children’s Hospital of Chicago Foundation: $550k +* Robin Hood Foundation: $1 million +* Rush Mother’s Milk Club: $5k +* Usher III Initiative: $50k + + + +In this Filing… as of Oct 1, 2014 both **Ken and Anne signed a statement saying** that they have $650k of funds remaining in the foundation and a remaining commitment of $2 million to Lurie Children’s Hospital of Chicago + +Remaining funds and outside funds will pay this off. + +Foundation will be liquidated and dissolved + +&#x200B; + +https://preview.redd.it/15sdphznv6871.png?width=780&format=png&auto=webp&s=c31912d4644ea783d5be211774e70b43e7795165 + + (Also in here… is that final letter confirming Dissolution that should prob be on the IRS website? But maybe I’m wrong.) + + + +**2013:** + +$6.9 million in contributions (All Kens Contributions) + +Contributions out $5.1 million + +Excess of Revenue $1.7 million which carried forward + +Donated to: + +* Children’s Hospital of Chicago: $4 million +* Rush Mothers Milk Club: $55k +* Weill Cornell Medical College: $833k + +Source: [https://projects.propublica.org/nonprofits/display\_990/364747915/2014\_11\_PF%2F36-4747915\_990PF\_201312](https://projects.propublica.org/nonprofits/display_990/364747915/2014_11_PF%2F36-4747915_990PF_201312) + +&#x200B; + + + +**2012:** + +Only $1 of revenue went through the foundation + +Source: [HERE](https://projects.propublica.org/nonprofits/display_990/364747915/2013_09_PF%2F36-4747915_990PF_201212?__cf_chl_jschl_tk__=ab1a4f067f303d721fa42a6c09788125885a4ad9-1623958393-0-AR9LYX-L1mLf5n6wNVbmlG9qmV-tXRSFcShvdh3A3A-79xZVxUEavG5cvVLIaw4zDvfY3oinafTKYsVHvPsJqkF8ViQcWoGZOwm2W0IhJs3orbxvBWVsuKFsBX5j2WFSMFb2SfWki1Jq_yC8-KYyDjFYtU57H_h6A3E6AhdlNtTy5Bs0k4jSUO3VQVoDJUvv4sHzaJxJA3cJvVgsaZMYQIKIBKoykXzszvA31BQ82YosQvGvmQEav3D_YSDbiR3SbcAZg_NdCEUpAwDVzQGskuPwu-9OQgB2GuWyLXwUYsXm9ec9g0sK5f6u16nZ5cXkcyAVxlgfCuE0AdaxVpA1t2bVWcFCwZ032pGnn4VfZ5cipZSlDuDjbMgSjimkT2JyxnQA_fcNLqBFc2Ju0xnY35YF8P9ton1pcg4VCkD0xNX4titrKwbuUYFCxcSJ_vBP81SZi_eVkdQVgtSCmBTB2ikQqoxsaAwxNSSOSwXSJiHYg6cNoD5r3oiY-itD64MghWRI14x0GiSSXF6MIOzqkoqPxA9oZ2_mh28v_hs5I-GI) + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------- + +Wait what??? + +&#x200B; + +https://i.redd.it/9u1nzrib67871.gif + +Didn't our earlier math tell us that they had somewhere 15 and 5 years depending on what source you referenced? + +**SO WHY THE FUCK IS THERE ONLY 2 YEARS OF FORM 990s? - 1 OF WHICH IS THE COMPANY WINDING DOWN?** + +And let's do a **LITTLE BIT MORE MATH.**.. + + + +According to the foundation's Form 990 the total ACTUALLY paid out was: + +**2014: $1,642,788** + +**2013: $4,888,334** + +So that’s a total of… (Hang on let me fetch my calculator)... + +**$6,531,122** + +And let’s not forget… the outstanding balance of $2 million to the Chicago Children’s hospital + +So… + +**$8,531,122** + +BUT… the donation to the Children’s hospital ALONE was supposed to be $16 million announced in 2010 --- BY THE FOUNDATION… which hadn’t even been setup yet. + +So let me see… + +**$100 million - $8,531,122 = $91,468,878** + +Hey Kenny? I think we may have a problem here… + +And further down the rabbit hole we go... + +\----------------------------------------------------------------------------------------------------------------------------------- + +BUT... before we do... let's take a moment. A puppy Moment! + +SMILE FOR THE CAMERA! No look over here... over here good boy... fuck it, just take it! + +&#x200B; + +https://preview.redd.it/j8t64cuv77871.png?width=640&format=png&auto=webp&s=fd0953546dd8e82c5d2fd1adf171ef50e5e55c9d + +\----------------------------------------------------------------------------------------------------------------------------------- + +So after a little digging on this curiosity string, I remembered an Article stating that the foundations commitments would be taken on by the **Citadel Foundation.** + +Source: [https://www.chicagotribune.com/business/ct-griffin-foundation-0906-biz-20140906-story.html](https://www.chicagotribune.com/business/ct-griffin-foundation-0906-biz-20140906-story.html) + +So let's take a look at that... + +(Yup, Citadel have their own Foundation) + +But there ain't a whole load going on here... + + \----------------------------------------------------------------------------------------------------------------------------------- + +**The first Form 990 for the Citadel Foundation appears in 2016 (Bit of a gap in the records there)** + +This shows a mere 90k of donations in… + +And a Total of $461,484 in donations out to: + +* Latin School Chicago +* Council For Economic Education +* Muscular Dystrophy Association +* Marine Corps Scholarship Foundation +* Hartford Hospital +* Leadership Greater Chicago +* University of Chicago Lab Schools +* Francis W Parker School +* Merit School of Music +* Jewish United Fund +* Hedge Funds Care +* Jewish Enrichment Center +* WITS +* All Stars Helping Kids +* Thresholds Phychiatric Rehabilition Center +* St Jude Childrens Research Hospital +* Autisism Science Foundation + +No mention of the Chicago Childrens Hospital + +\------------------------------------------------------------------------------------------------------------------------------------ + +**THE KENNETH C. GRIFFIN CHARITABLE FUND** + +The story continues... + +&#x200B; + +https://i.redd.it/j5l3aw2kj7871.gif + +I found MANY references to Kenny boy making donations to various causes, under ever increasing amounts, referencing The Kenneth C. Griffing Charitable Fund. + +(Here's a couple) + +On Citadels OWN WEBSITE: + +&#x200B; + +https://preview.redd.it/qyqf44quj7871.png?width=647&format=png&auto=webp&s=2461963eab71b087600ac06f512b9870995bfc47 + +Source: [https://www.facebook.com/citadelcareers/photos/were-proud-to-share-that-the-kenneth-c-griffin-charitable-fund-intends-to-make-a/1333523493442956/](https://www.facebook.com/citadelcareers/photos/were-proud-to-share-that-the-kenneth-c-griffin-charitable-fund-intends-to-make-a/1333523493442956/) + +&#x200B; + +On Citadels Twitter account: + +&#x200B; + +https://preview.redd.it/7g7lp3xzj7871.png?width=784&format=png&auto=webp&s=a39eac3625f9abf72fe57e0b54164cac78cdd1db + +But GUESS WHAT... + +Search for Kenneth C. Griffin Charitable Fund on the IRS website. [<<HERE>>](https://apps.irs.gov/app/eos/) + +**GO ON... I DARE YOU!!!** + +**I DOUBLE DARE YOU!!!** + +You WILL NOT FIND IT! + +I tried every variation of the name of this fund but I can't find anything! + +This sent me on a LONG SEARCH APES... + +This search almost had me at breaking point. + +I had almost given up... and was about to post this post as is... + +When it hit me! + +Can you guess what it was>?>? + +I have mentioned it in this DD... and trust me when I say this... it was hidden as 1 sentence in the mass of notes I've taken while researching this. + +I almost missed it. + +WHILE I WAIT TO SEE IF YOU APES CAN FIGURE OUT THE KEY PIECE OF INFORMATION... + +\---------------------------------------------------------------------------------------------------------------------------------- + +PUPPY BREAK! + +Who's got my finger... is it a WOLF... no! It's only this cute little monster! + +https://preview.redd.it/fjpfchu3l7871.png?width=1000&format=png&auto=webp&s=980747701d772251c34b6100f7863f7451b2a95e + +\------------------------------------------------------------------------------------------------------------------------------- + +Ok did you get it? + +\-- There were actually 2 of these listings for Kenneth and Anne Griffin Foundation with the same Final letters. + +There were 2 SEPERATE ENTITIES - listed under the name Kenneth and Anne Griffin Foundation in the Form 990s... + +How is it possible to have 2 separate companies, using the same name... collecting tax-exempt status? + +WELL... APES... LET ME TELL YOU... + +I decided to do a fancy google search for the EIN number (Unique identifier) for each of these companies... and I stumbled across another archive database. + +This archive has a lot less information it would seem... + +But it does have this... + +[2011 - Form 990 - COMPANY: The Blue Knight Foundation](https://www.causeiq.com/organizations/view_990/271106860/18144bf08cbbe623768d225aa4442644) + +[2012 - Form 990 - COMPANY: The Blue Knight Foundation](https://www.causeiq.com/organizations/view_990/271106860/db80347caef04de02c9c02c9d4512718) + +And if you check these out... you'll notice in the company name field, you'll see: + +**THE BLUE KNIGHT FOUNDATION AKA THE KENNETH AND ANNE GRIFFIN FOUNDATION** + +So Kenny tends to name his charities one thing and tell the media that's it's through an Alias name? + +Why the fuck would you want to do that? + +So if he's willing to do that once... could he be doing it again with the Kenneth C. Griffin Charitable Fund? + +Is there a fund out there that Kenny is managing, that like we previously showed... has the potential to be a whale in the stock market? + +Why did the Kenneth and Anne Griffin Foundation, claim to PLEDGE $100 million since 1999, tell the media it was actually founded in 2009... and yet actually only have records under that name from 2013 and 2014...??? + +Why does this article talk about: + +***In October 2006, the Griffins together with the Bill and Melinda Gates Foundation founded a new charter school in Chicago named the Woodlawn High School. Griffin’s charitable foundation*** + +???????????????????????????? + +So many more questions Apes... so little time... + +Stay tuned for the NEXT EPISODE of the BBC! + +\------------------------------------------------------------------------------------------------------------------------------- + +***PS... I've noticed that I have started to be referred as the BBC guy... is there any way I can get the community to reconsider this... (Pfftt ha haa ha)*** + +\------------------------------------------------------------------------------------------------------------------------------ + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) +I am a rather small time investor getting into my first larger property. I own duplexes and manage them myself, but have been wanting to scale up for some time. I’ve had trouble finding deals that I like and finally found a 24 unit apartment for which I am now under contract. I already have a PM ready to go (who has also toured the property with me) in which I am confident and am hiring a plumber and electrician to do the inspection on top of the regular inspector. The property is in my home town so I am very familiar and believe the rents are stable, if not a little low and the area is also stable, if not improving. + +My question is for other people who have jumped up a level in size/$ amount and been surprised by something or had things go better/worse than they expected. I would love to hear some people’s experiences and if any of you have advice or tips to make sure I don’t lose my shorts and to help this go smoothly. +As the title says, what do real estate investors spend their days doing? I'm a full time engineer looking to purchase my first investment property later this year. Outside of my full time job, i find myself having free-time that i would like to spend productively rather than watching YouTube or wasting time. + +I'm in the middle of a purchase for a primary residence, so i'm not able to take the action of buying an investment property. That's why I'm unable to purchase right now. + +What other things can i do in the meantime to spend my time wisely to reach my investment goals? I spend time educating myself on real estate forums, books and even meet-ups. Are there any other things that are useful? At this next meet-up, i'm looking to reach out to experienced investors to see if i could work under them, in exchange for some knowledge. + +What helped you in your journey to real estate investing? What actions do you suggest? +Question for consideration: + +If someone is making six figures in a steady corporate job, paying down debt from student loans, and renting - would it make sense for them to buy a cheap property to rent out as an investment before they buy a home for themselves? + +Are there pros and cons to this? + +Edit: what questions or considerations should be taken into account? + +Will reply back soon after reading input. Thank you! +My roommate has asked that I pay the gas bill since I WFH, while they'll be heading into the office from 9-5. Before this, they were home with me, day to day. + +Our gas bill was quite high this month ($240), which they attribute to me using the heat often (which I do, because it's cold). My gas bill in this apartment from last year was also around the same amount ($233), so YoY gas usage has not increased by much, however, I was living with a different roommate at that time, so to my current roommate, this comes as a shock. + +My roommate quit their corporate job and took a leap of faith to work in the creative industry, so they've been very mindful about money/spending. I get this, but also don't think it's fair that these shared living costs get passed off to me. I also furnished the entire apartment and haven't asked them to pay more in rent, despite them using my furniture/utensils more than I do, if I'm being honest. + +Lastly, we get charged a flat flee for utilities, regardless of whether we use the service or not. + +EDIT: this is getting quite a bit of attention and most of my responses seem to be getting downvoted to hell (which is fine!) but do note that i appreciate the advice given here. i will likely just stop using the heat all together throughout the day, and opt to get a heated blanket. it feels petty to lean into this nickel and dime arrangement and i'd rather not set that precedent moving forward. +Was told by some people to make this it's own topic so here we go I expanded a bit. Not financial advice, just speculation of how I look at things at the moment. If I misremembered or got some technical detail wrong let me know. + +[Original Comment Here](https://www.reddit.com/r/Superstonk/comments/wdmswh/seems_entirely_possible_that_the_dtcc_has_gone/iijhc43/?context=3) + + + + +My theory based on how much fuckery Wall Street will do is those shares were internalized by the DTCC to cover their own personal losses and by that I mean high ranking people at the DTCC who have ties to certain brokers like Apex and the "regulator " FINRA who also is involved with the routing of certain trades. As for a source of the trades being routed through FINRA there was a post about it months back of someone going through the trade data and saw the code matched up with them but forgot to save it. If anybody knows what post that was it would be appreciated. + +Seriously we need to look at their leadership ties and see what changes have occurred that we might have missed to narrow this fuckery down more. https://www.dtcc.com/about + +A DM I received by /u/Daddy_Silverback that adds to my theory + +"not enough karma to comment in ss but I saw your theory about leadership at dtcc. IMO this is 1000% what is happening as a last resort to buy more time and Michael Bodson (CEO of DTCC/NSCC/FICC) is being used to sweep it under the rug. He announced a few months ago that he was stepping down/retiring. If you look at the DTCC website, that hasn't happened yet. It makes it clear that he is staying to temporarily oversee the transition period for his replacement (I forget his name, it is listed as CEO-elect on the website). IMO they knew they were fucked with the dividend so the c-suite leadership team (which if you read the DTCC rulebook, they call the shots in emergency situations including impending default) decided to 'accidentally' process it as a split and not dividend. Then when people realize they fucked up it gets pinned on michael bodson but by that point he will have retired and finished the transition. I'm very curious to see when he steps down fully and whether that will happen in the next few weeks (or even if we will know). takes off tinfoil lmao" + +"Also i think David Inggs (literally still works at citadel while working at DTC) was going to step down around the same time. that man is incredibly sus and also still shows up on their leadership team page." + +Looked into the new President elect of the DTCC Frank La Salla and found this short three question interview. + +Info on when he is taking over + +"Frank La Salla will assume the position of President and Chief Executive Officer (CEO) of DTCC effective August 12" + +https://www.dtcc.com/dtcc-connection/articles/2022/april/25/meet-our-new-ceo-three-questions-with-frank-la-salla + +German bank connection + +"Prior to joining BNY Mellon, La Salla was CEO of BHF Securities Corporation, the U.S. broker-dealer subsidiary of Germany’s BHF Bank AG" + +My interpretation of the answers he gave for each question + + +"**What excites you most about being named President & CEO of DTCC?** + +DTCC is one of the most critical organizations in financial services because of the role it plays in safeguarding the global markets and promoting financial stability. I’m most excited for the opportunity to partner with an outstanding group of colleagues and clients to develop and advance new ideas and innovative solutions that strengthen the industry and bring greater efficiency, transparency, and resilience to the marketplace.” + +Translation + +We are too big to fail. We are all in an absolutely shit situation due to our own greed and the PR nightmare that we had to deal with in late January of 2021 will be nothing compared to what will follow. We will have to collude even harder to change public sentiment about what we do by giving them the illusion that things will change but will ensure backdoor channels in our systems to keep business as usual. + + +"**What message would you like to send to DTCC clients and stakeholders?** + +I’m committed to building upon DTCC’s strong reputation for advancing key industry issues and initiatives and partnering with our clients and stakeholders to address the complex challenges they face. As someone who has relied upon DTCC as a strategic partner for many years, I will bring a unique perspective to these matters and will work with industry stakeholders to further enhance the collaborative relationships we have and seek to identify and unlock opportunities to deliver greater value for your respective organizations and the industry overall.” + +Translation + +We will use our political influences and what remains of our reputation to lobby for initiatives that gives us little to no accountability for this financial disaster that has created systemic risk for all parties involved. I relied upon the DTCC to hide crimes in the past and from my experiences will add new twists to these crimes to ensure our continued survival. We will be working with those entities who are currently stuck holding this bag of dog shit by finding ways to get this off our books. So that not only will these other crime syndicates survive but all of Wall Street can continue it’s game by maximizing our returns just like we did with all those credit default swaps and those shitty MBS’s we pushed on unsuspecting buyers to save ourselves in 2008. + + + + +"**Can you explain how your background prepared you for the role of CEO?** + +I’ve focused a large part of my career in finance on securities servicing, and in virtually every role I’ve held, DTCC has acted as a strategic partner to support the success of my business. At the same time, I bring a global perspective and unique set of experiences to the organization, including a client view, which will help us grow our role as a trusted partner and advisor. My background will enable me to further strengthen the firm’s efforts to identify industry needs and work collaboratively with our stakeholders to solve these challenges while continuing to drive innovation.” + + Translation + +I spent a lot of my time at my job not buying the underlying assets and writing as many IOU’s as possible while eating the small fines for FTD’s as necessary and the DTCC was there to ensure our racket remained successful. I've done this on a global scale which is exactly what we need since this is not contained solely in the US. I can take advantage of people’s trust in my experience to have them hold the bag while the US markets are kept exploitable by us and those indebted to us through the accumulation of dirt we have on them. Blockchain may make it difficult to exploit/hide crime but like what the definition of a recession is all we have to do is change what words mean to keep the public from prying in too deeply into what we do. + +I think what GameStop did was the boxing equivalent of a strong jab. They wanted to test how the DTCC would react and the DTCC “shelled up” meaning it closed it’s guard by holding on to the issued shares by their transfer agent computer share for this own. Now that GameStop knows how the DTCC reacts it can use that and other accumulated data to deliver a more effective strike. I think the idea of a crypto dividend that has been mentioned numerous time is what opens their guard. The finisher is what I await to see and if the GMERICA spinoff company is that finisher this will be the knockout of the century. + +TL:DR Buy Hold and DRS helps people have a seat for the greatest David vs Goliath match we have ever seen. + +[Original Comment Here](https://www.reddit.com/r/Superstonk/comments/wdmswh/seems_entirely_possible_that_the_dtcc_has_gone/iijhc43/?context=3) + +**Edit** + +Spelling +[Link to Part 2 of this guide.](https://www.reddit.com/r/financialindependence/comments/oaiw3h/part_2_of_my_guide_to_hedgefundies_portfolio_for/) + +I'm 28 years old. I'm fully invested in a portfolio created by [Hedgefundie over at Bogleheads.](https://www.bogleheads.org/forum/viewtopic.php?f=10&t=272007) I have my entire net worth of $600k invested into it. I'm investing $100k a year into it at $8,333 per month. + +It is a super aggressive portfolio consisting of two 3x leveraged funds: 55% UPRO and 45% TMF. It is a 165% equities portfolio and 135% 20+ year long-term US treasuries portfolio that are both mild leverage on their own, but when combined, produces explosive results: + +[1987 - Current 165% VFINX 135% VUSTX UPRO TMF Simulated](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF+Simulated&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=165&symbol2=VUSTX&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) + +> UPRO/TMF Simulated $600,000 -> $1,354,019,830 +-65.25% drawdown +> Vanguard 500 Index Investor $600,000 -> $62,417,951 +-50.97% drawdown + +You want to rebalance this portfolio quarterly on the first trading day of January, April, July, and October. + +Today I wanted to write an in depth guide to exploring this portfolio in full and why I'm aggressively all-in invested in this portfolio for Fat Fire. I've been getting a lot of questions about this portfolio so I thought I'd put together all my thoughts and insights on it! + +Let's jump right in to leverage! + +# People Misunderstand Leveraged Investing Strategies + +Let's visit someone who blew up an account - [Market Timer over at Bogleheads.](https://www.bogleheads.org/forum/viewtopic.php?t=5934) + +Market Timer was following a popular Yale paper at the time - Mortgage your Retirement and the later book [Lifecycle Investing.](https://smile.amazon.com/Lifecycle-Investing-Audacious-Performance-Retirement/dp/B005X4I7ZI) The premise of Lifecycle investing is you start off with an aggressive 200% equities allocation while you're young. Essentially instead of saving $10,000 per year, if you invest with 2x leverage it's like you're saving $20,000 a year. You're borrowing time from the future and smoothing out sequence of risk returns. If the market tanks 50% in one year, an young investor can withstand a $5,000 50% loss. An older investor near retirement with $2 million can't withstand a $1 million loss. + +Eventually with Lifecycle Investing you'll reach a point where you start to de-risk your leverage ratio essentially borrowing a "constant" portfolio of your expected retirement each year. Then as you get closer to retirement you glidepath into an 80/20 or 75/25 bond allocation. On average the Lifecycle Strategy historically gets you to retirement 10 years faster at a 15-25% savings rate than traditional retirement would in 100% stocks. + +The key thing Market Timer missed is the paper calls for **monthly reset** of the 2x leverage. If you monthly reset SPY [you would not have been margin called in 2008.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=200&symbol2=CASHX&allocation2_1=-100) + + +It's incredibly hard to do monthly reset of leverage intuitively, but it is critical to do so if you're following this paper. It is literally buying more stocks when the price of stocks is high, and selling your stocks to pay down your margin loan when stocks crash. It is a brainfuck strategy. + +Let's say you have $100k you want to put at 2x leverage. That means you're buying an additional $100k of stocks on margin. So you now have a $200k position with a $100k margin loan backing it. If you sell this position you're left with $100k, your equity. So your leverage ratio is $200k position / $100k equity = 2x leverage. + +Now, what happens if stocks double from here? What is your new leverage? + +Your position is now $400k, you still have $100k of a margin loan, and your equity is $300k. Your leverage is now $400k/$300k = 1.33x leverage ratio. You now absolutely have to buy more stocks at the top of the market to maintain your desired 2x leverage ratio. + +Ok, now let's do the other case, what if stocks drop 25% instead? (50% will result in a margin call). What is your new leverage if stocks drop 25%? + +Your $200k position is now $150k, you still have a $100k margin loan, and your equity is $50k. Your leverage ratio greatly increased! It's now $150k position / $50k equity = 3x. You better sell down some shares with the market being in the bottom as now you're way more risky than 2x leverage. Further percentage losses will be even worse. + +On Reg-T your maintenance margin is 25% equity. You're currently at 33% equity - 50k equity/150k position. TD Ameritrade's house maintenance margin is 30%. **You're 3% away from getting a margin call to wire in funds or sell down your position.** IBKR is getting ready to auto liquidate you at their maintenance margin! + +So as you can see a trading strategy on margin you literally buy high and sell low. It's very hard for people to do in practice. + +# Enter Leveraged ETFs + +Since managing leverage yourself is a brainfuck calculation, instead it's better to invest with a leveraged fund like 2x for SSO, or 3x - UPRO. This is why UPRO and SSO daily reset their leverage! It's providing you the most safety and the most return! + +In my code with quantconnect daily reset = monthly reset. There is no additional volatility decay from daily reset. You're going to have the same volatility decay even if you manage monthly reset of leverage on your own. + +UPRO/TMF has a 0.75% management fee and with $2.2 billion of AUM they're getting **institutional** borrow rates. IBKR marks up their margin interest rates by 75 basis points. In my code on quantconnect.com UPRO and TMF are identical to SPY and TLT on portfolio margin after adjusting for actual margin interest paid. Unfortunately portfolio visualizer's CASHX variable does no margin markup so SPY and TLT look misleading compared to UPRO and TMF. + +You're getting an excellent deal for the leverage UPRO and SSO provide. You can run these funds in a cash account, in retirement accounts, and so on. I'm running Hedgefundie's portfolio in all my accounts - taxable, Roth IRA, pre-tax solo 401k (rolling 100% over to the roth ira in the 22% marginal bracket), and a HSA account. + +# People Misunderstand Leveraged ETFs + +[Volatility decay is a myth.](http://www.ddnum.com/articles/leveragedETFs.php) This article explains it a lot better than I can. You can buy and hold leveraged ETFs for long term! + +I just showed you how leverage works. The market is a lot more trending/momentum based over a period of 10-20 trading days. You're not going to see a daily gain of 10% followed by a loss of 10% each and every day. Yes the Leverage ETF prospectuses is scary with math of the VIX being 75+ for an **entire year** of having substantial losses but they're writing it as if **every day** in the market followed the same gain 10% and lose 10%. In COVID the VIX spiked to 85 then quickly normalized to 25. + +# UPRO/TMF Back Tests +[2010 - Current 55% UPRO 45% TMF](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=UPRO&allocation1_1=55&symbol2=TMF&allocation2_1=45) + +>UPRO/TMF $600,000 -> $25,702,291 +> -48.00% drawdown +>Vanguard 500 Index Investor $600,000 -> $5,934,122 +> need to manually calculate drawdown for covid + +[2003 - Current 165% SPY 135% TLT UPRO TMF Simulated](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF+Simulated&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=165&symbol2=TLT&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) + +> UPRO/TMF Simulated $600,000 -> $84,744,383 +> -65.00% drawdown +> Vanguard 500 Index Investor $600,000 -> $11,586,140 +> -50.97% drawdown + +[1987 - Current 165% VFINX 135% VUSTX UPRO TMF Simulated](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF+Simulated&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=165&symbol2=VUSTX&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) + +> UPRO/TMF Simulated $600,000 -> $1,354,019,830 +-65.00% drawdown +> Vanguard 500 Index Investor $600,000 -> $62,417,951 +-50.97% drawdown + + +This last back test is why I'm 100% invested in this portfolio. I could *possibly* achieve $1.3 billion dollars nominally. I have a chance to hit that figure at age 62 if history repeats itself. + +Yes its $555 million inflation adjusted to 1987 dollars, and that $62m of the S&P 500 is $25m in 1987 dollars. And yes, past performance is no predictor of future returns. + +CASHX is modeling actual interest rates. It's the 1-month Treasury Bills from 1972+. No 0.75% markup though which IBKR and UPRO/TMF have. + +# Why does Hedgefundie's Portfolio make so much money? + +It's due to several factors. Currently the [efficient frontier](https://en.wikipedia.org/wiki/Efficient_frontier) of these two asset classes is 55% stocks and 45% bonds. The unlevered portfolio has about a 8% return and a 15% drawdown during 2008. The 2x leveraged portfolio has a 16% return and 30% drawdown, and 3x roughly 24% return for a 60% drawdown risk. + +100% stocks has 50% drawdown risk, which was my previous portfolio. I'm comfortable with 10% more drawdown risk. + +Second, because we are adding leverage, we are still maintaining the [tangency portfolio but getting more return for the same amount of risk vs 100% stocks.](https://i1.wp.com/earlyretirementnow.com/wp-content/uploads/2020/12/Beat-the-market-Chart03.png?resize=863%2C627&ssl=1) Credit goes to Early Retirement Now for this graph. With the 3x leverage we're going past 100% stocks and our risk is 27% standard deviation along that same tangency line. + +Many people try to get more return by mixing in riskier assets like Venture Capital, international funds, and so on. Instead Hedgefundie's Portfolio is Modern Portfolio Theory taken to the extreme. + +We are getting more return from having a large insurance component being heavily weighted to bonds. They saved the portfolio a lot in 2008 and in 2020 during Covid. Another quite surprising fact is we are actually profitable on this insurance too. + +Finally, Hedgefundie's portfolio deploys a well oiled correlation trading strategy that produces a crap ton of extra yield via quarterly rebalancing vs annual or monthly rebalancing. The rebalancing period is correlated to when earnings reports are minimal in the stock market. Essentially each quarter you're making a 55/45 bet on the market having great earnings or disappointing earnings. + +# How correlation trading strategies work + +Let's say we have two assets that are **perfectly inverse correlated.** Let's say asset A has a 50/50 chance of either doubling or losing 50%, and asset B likewise has the opposite chance? Can you think of any trading strategy to take advantage of these facts? + +Let's say we have $100k to invest with. One strategy is to throw 50% on A and 50% on B - $50k each. After some point in time let's say A doubles to $100k. B will halve to $25k. Now our portfolio is valued at $125k - a 25% gain! So now we rebalance both to $75k A and B. + +Now, what happens if we add leverage to this trade? + +So instead of taking $100k to invest with, we borrow an additional $100k with our equity. We now have $100k on A and $100k on B. After one year we have $200k on A, and $50k on B. We have a $250k position and owe $100k. Subtract $100k and our equity is $150k. + +Since our equity is $150k we now have a 50% gain. The 2x leverage doubled our return. + +Bringing this back to Hedgefundie's portfolio it's a well oiled correlation trading strategy machine with a ton of leverage. Now you see why that 55/45 bet every quarter is paying off! It doesn't matter if earnings are bad or good, **we still profit.** We do expect more good earnings it being the stock market and growth, so that's why we're weighting our bets a bit for the optimal growth. ;) + +# 40+ year bond bull market - aren't you worried about rising interest rates? + +No, I am not. Most the return comes from the 165% equities, with TMF acting in the nick of time for crash insurance. [If we plot out simulated UPRO and TMF you see simulated TMF doubles then draws down 50% all the freaking time.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=true&portfolioName1=Simulated+100%25+UPRO&portfolioName2=Simulated+100%25+TMF&symbol1=SPY&allocation1_1=300&symbol2=TLT&allocation2_2=300&symbol3=CASHX&allocation3_1=-200&allocation3_2=-200) We see UPRO trending. Again, we are seeing the correlation trading strategy I just discussed about in action! + + +Then for rising interest rates, bond funds operate differently than an individual bond does! That is because bond funds have [convexity](https://www.investopedia.com/terms/c/convexity.asp). TLT happens to sell the 20 year bond to buy the 30 year bond at auction! So if interest rates raise slowly, say no more than 0.25% - 0.50% per quarter, then soon you'll start profiting with the higher interest rate! + +Then there are many strategies that you actually want to go LONG on 20+ year treasuries in a rising interest rate environment, such as the [Barbell Strategy.](https://en.wikipedia.org/wiki/Barbell_strategy) + +> In finance, a barbell strategy is formed when a trader invests in long- and short-duration bonds, but does not invest in intermediate-duration bonds. This strategy is useful when interest rates are rising; as the short term maturities are rolled over they receive a higher interest rate, raising the value + +Right now TMF is mooning as thanks to the Feds statements there are less inflation fear in the 20+ year treasury market. So now yields are dropping which causes bonds to rise. The yield curve is flattening as bond investors are trying to get the risk free rate regardless of the duration of the bonds due to the positive outlook. + +If TMF keeps it up it will be the first time I'll have to sell TMF to buy some UPRO! I got really tired of having to buy TMF all throughout Covid. I'm sitting on some nice gains having to buy TMF at $22! It's about time to back up the truck a bit on more UPRO shares! + +Many people in the Hegdefundie Bogleheads thread also simulated random 1-6% randomly rising interest rates using a monte carlo situation and the portfolio holds just fine under those conditions. + +If you look closely at the backtests the last ten years have been the highest gains vs earlier on in 1987. We're investing in these bonds not for their income but for their capital gains. A 30 year bond dropping from 10% to 9% is not going to produce much capital gains. A 30 year bond dropping from 2% to 1% is going to have tremendous capital gains. + +Again the purpose of these bonds are stock-market crash insurance. Most of our return is coming from the 165% equities position. The future predicted low interest rate environment is very favorable for the bond component of this portfolio. Again, this portfolio makes great use of a correlation trading strategy so we **want** interest rates to raise and fall and have it be **inversely correlated** with the stock market! We want to keep those low interest rates! Let's keep that money printing machine going! + +# Why I'm not worried about another 1970-1980 stagflation era + +This is the worst drawdown period for Hedgefundie's portfolio. It has a 75% drawdown over this decade. I completely discount this era due to one critical reason: [US Treasuries were CALLABLE until 1985!](https://www.sapling.com/7796395/treasury-bonds-callable) No one in the right mind would be running a leveraged treasury portfolio in 1970! + +Callable bonds are bonds that can be called at face value at any time! Let's say the treasury issued bonds at 12% in one year then the next year rates dropped to 6%. The treasury's call feature let them stop interest payments and they were called at face value. + +So you have large NAV losses when interest rates rise, and you don't get any upside when interest rates drop! + +Now, just because historically these treasuries had a call feature doesn't mean that the US treasury exercised it. So I went to my local library and viewed old WSJ articles from the 70s on microfiche. Sure enough there are huge lists of US treasuries that got called every single month in these articles! It would not make any logical sense to run a leveraged bond portfolio in this era! + +This entire portfolio is a play that US treasuries are no longer callable and I would stop trading this portfolio if they ever become callable again in the future. It's also a play on the current Fed policy remaining the same - doing quantitative easing and dropping interest rates in future stock market crashes just like they did for 2008 and Covid! + +# TMF is a Yield-Curve Play on Long Term 20+Year US Treasuries + +Right now the 20+ year US treasury is trading at 1.5%. TMF is borrowing on total-return swaps with the overnight rate effectively 0%, with 80% of the fund being TLT itself. You're getting 1.5% * 3x leverage = 4.5% of interest on TMF before lending expenses. After TMF's 0.75% management fee it's a 3.75% APR return. If you're 55%/45% then this portfolio is getting 1.68% APR in a low-volatility sideways market. Since TMF is borrowing on total-return swaps the dividend gets paid into the fund and the NAV grows! + +Again, yes TMF is taking a 0.75% management fee, and doing the same trade with IBKR on portfolio margin you're paying a 0.75% markup on the overnight rate if you want to buy TLT directly. + +Again, we are using TMF for protection and insurance, but it's nice to have something that's profitable vs buying puts, calls on the VIX, going long on VIX futures or VIX ETFs. I'm very happy to keep holding TMF throughout post covid. + +# Taxable account performance + +With my code using www.quantconnect.com and calculating all the PnL on the quarterly trades, then computing actual LTCG and STCG taxes on these trades, the federal tax drag is 1.5% for an account at my current level for the historical last 10 years. For a $10+ million account it's 2.0%. Living in California adds another 1.0% state tax drag. So if you're getting 24% CAGR in a tax-advantage account you're getting a 22% CAGR in taxable for federal tax drag (21% in California). + +In my original simulations when I started this portfolio I paid $300k in federal taxes for 10 years with UPRO/TMF, and I paid $600k in taxes over 10 years with SPY and TLT on portfolio margin. Buying 2x dividends really sucks. + +UPRO and TMF are excellent tax dodges as the vast majority of their return is total-return swaps with the banks. So instead of realizing dividends, the swap pays those dividends into the fund as part of the total return index and the NAV of the fund grows! So when you sell UPRO and TMF you realize your dividends then! + +It turns out if your hold period is less than 30 years with a 2% federal tax drag, you're best in a Roth IRA, followed by Taxable, followed by pre-tax 401k. After 30 years the order is: Roth IRA, Pre-Tax 401k, Taxable. It turns out paying 40% in ordinary income taxes in the pre-tax case is worse before 30 years, but after 30 years it has a higher after-tax value thanks to dodging the tax drag. + +UPRO and TMF holds about 80% unrealized gains across my simulations, and mostly throw off LTCG gains when major re-balances happen too. You'll want to use specific identification to sell shares that have the lowest possible tax cost. + +# Tax Loss Harvesting + +Tax loss harvest pairs: +UPRO -> SPXL +TMF -> TLT Synthetic Stock on Reg-T/ 3x TLT shares if on PM + +You can also take advantage of tax loss harvesting which I did not write code to evaluate for. URPO's tax loss harvest pair is SPXL, another 3x ETF. So my 2% federal tax drag is a **worst case estimate.** + +TMF has no other 3x 20+ year treasury ETF, so it's tax loss harvest pair is [Synthetic Long Stock](https://www.theoptionsguide.com/synthetic-long-stock.aspx) on **TLT** at 3x delta. So if you have a $45,000 position in TMF and want to harvest all losses in your $45,000 position, and TLT is trading at $143.64, then this is the formula: + +3 * (45,000 / 143.64) = 939 delta of synthetic stock on TLT. + +So you will buy 9 ATM call options and sell 9 ATM naked puts on TLT for 31+ days to keep your position, then you will want to close the synthetic stock and rebuy TMF with the left over cash. Again using quantconnect.com this is the most accurate model I can get to TMF. It turns out bond futures are a terrible replacement for TMF and it brings me to the next topic. + +I personally did the synthetic stock trade to tax loss harvest TMF in February 2021 and I was able to buy back the same number of shares of TMF. It works wonderfully. + +If you're on Portfolio Margin just save your time and commissions and buy 939 shares of TLT. [Use Box Spreads to Refinance your margin](https://www.reddit.com/r/wallstreetbets/comments/fegqz0/box_spread_financing_for_extremely_cheap_085/) instead of paying your broker's usury margin rates unless you're on IBKR. + +# Futures suck for Hedgefundie's portfolio + +In a taxable account futures are **marked to market.** You realize your PNL every year as of Dec 31st. In my above simulations /ES and /UB futures costed me $2.8 million in federal taxes. Talk about an insane tax drag! + +Futures are only worthwhile in a retirement account, which brings us to the next problem. There are no micro futures for /UB and /ZB. Each /UB future is currently $180k notional value. You need a $1-$2 million+ retirement account to get fine grained leverage on these futures, otherwise your leverage will swing from 2x to 4-6x depending on if you round nearest or round down your number of contracts! + +Finally, I cannot get any mix of /UB and /ZB to replicate TMF's fund testing with quantconnect. Convexity strikes again! It turns out reviewing the actual deliverable of these future contracts its a basket of bonds that is EITHER the 25 year or the 30 year bond. So you're only trading one bond! The future traders will deliver the 25 year bond as it's the cheapest to deliver if interest rates are below 6%. They will deliver the 30 year bond if interest rates are above 6%! Only if interest rates are **exactly** 6% are any of the 25-30 year bonds deliverable! + +So the bond futures are less than ideal for leverage with this portfolio. They either add too much risk or not have enough risk. /ES futures track UPRO very accurately though. + +# Won't you have Liquidity Problems on your trades? + +No I won't. ETFs have [authorized participants](https://www.investopedia.com/terms/a/authorizedparticipant.asp) that help with liquidity in ETFs. Also ETFs are required to post their [indicative Net Asset Value (iNAV) every 15 seconds.](https://www.investopedia.com/terms/i/indicative_net_asset_value.asp) You can look to see what the quotes are vs the most current iNAV. + +In February I decided to tax loss harvest TMF and I sold down my entire position slowly at a time as level two quotes were showing 700 shares offered. I was a bit fearful as I know TMF is a bit illiquid at $200m AUM and I had a huge position. I switched to synthetic stock on TLT. + +Then I wanted to test the reality of buying back all my shares, which I had $132,000 remaining in cash at the time in my taxable account. At $22 a share it'd be my biggest trade - 6,000 shares. I was sweating bullets. I still only had quotes of 700 shares on L2 quotes. I was about to buy 6,000 shares all at once with a marketable limit order of $0.01 spread on TOS over TMF's iNAV. TMF had a $0.01 premium - works for me! I'm doing it for science. I had coded an entire algorithm at Quant Connect to sell TMF and UPRO randomly in 200-700 round lots using IBKR's API instead if this portfolio got so huge out of the concern of the L2 quotes I was seeing. + +For the next 30 seconds TOS played sound after sound of order filling. I filled my entire limit order, then the spread widened to $0.05-$0.10 for the next 30 seconds after I was filled, then it narrowed back down to $0.01 and TMF was $0.10 higher iNAV wise. I had an instant profit of $600 on my position. Soon the iNAV went back down to what it was before my trade. I had discovered a lot more people in the order book than those 700 shares! + +Finally, if you do have a large enough position you need to re-balance from that an Authorized Participant will take - the process is simple. [Make a phone call to your brokerage's block trading desk and they'll help you out.](https://www.tdainstitutional.com/offerings/investing-wealth-management/trading-services/block-desk.html) + +TDA Ameritrade and Fidelity both offer block trades for free to high net worth clients! Both TDA and Fidelity Block Desks can place trades with the authorized participants so I will definitely get NAV of TMF when my account grows this large! + +# Tail Risks + +People point out if **BOTH** stocks and bonds go down 33% **in one day**, this portfolio would go to $0. Quite honestly it'd take an irresponsible Fed to raise interest rates so high that it'd piss off the entire market to sell off like this in one day. I don't think that will ever happen. I would not be 100% invested if I thought this was at all a realistic scenario. + +Then yes, UPRO can, and has gotten near to 0% (historically simulated UPRO had a 98% drawdown in this portfolio!) but we're hoping TMF will moon hard to save the portfolio instead. + +Then right now with the [S&P 500 circuit breakers](https://personal.vanguard.com/us/content/Funds/FundsToolsCircuitBreakersJSP.jsp) it's impossible for UPRO to go to $0 in a day, although the drawdown will be gnarly. UPRO has roughly 220% of swaps and the rest are S&P 500 futures. So even if the swaps can't be adjusted this day UPRO can probably unload enough futures on the market to cover in a drawdown. + +This is also why I'm staying the hell away from TQQQ. Normal QQQ had an 80% drawdown in the 1999 tech stock crash. Granted, all these tech companies are a lot more mature on the NASDAQ, but I personally have no interest in tilting or having an allocation to TQQQ. + +# My De-Risking Strategy + +I have a de-risking strategy that helps me sleep at night. I will be selling a portion of my portfolio to invest in 100% VTSAX (or the 2x spy/tlt leverage version) at every milestone I hope to achieve: + +* $12.5m - $25m NW - I'll be selling $2.5m to lock in a FIRE lifestyle. +* $110m NW - I'll be selling an additional $7.5m to lock in a $10M Fat Fire lifestyle +* $1.1 billion NW - I'll be selling an additional $90 million to lock in a rich $100m Whale Fire lifestyle +* $4 billion - $10 billion - $20 billion NW - I'll be selling 25-50% of my portfolio to go into wealth preservation, lock in billionaire status and let the rest ride. + +I'm projecting each milestone is 10 years of my life. Selling 10% over 10 years is roughly a 1% unlevered allocation. + +I may transfer the amount I de-risk into an asset protection trust so I'd feel comfortable if I want to borrow on this portfolio in the future. + +# Securities Lending for Hedgefundie's Portfolio + +I've decided that any additional borrowing on this portfolio is too risky. I had a whole section here calculating the margin math based on it's previously max historical drawdown. IBKR currently only requires 30% initial margin on 55% UPRO 45% TMF when you use Portfolio Margin. + +When I wrote my guide on NTSX and [when I wrote part 2 of this guide](https://www.reddit.com/r/financialindependence/comments/oaiw3h/part_2_of_my_guide_to_hedgefundies_portfolio_for/) I realized NTSX (1.5x 60/40 bonds - 90/60 with leverage) and 1.5x Hedgefundie's portfolio is very close in stats to 100% stocks in their stats. Therefore, borrowing on this portfolio is equivalent to taking out cash while having a 200% stocks position or buying more NTSX on margin! + +Would you withdraw cash while being leveraged 2x on 100% stocks? I wouldn't. So I've changed my mind and **any additional borrowing on this portfolio is irresponsible.** + +# Are you worried about the strategy if leveraged ETFs are shut down? + +No I'm not. The SEC made a final decision in October 2020 to keep leveraged ETFs. They're limited to borrowing 2x directly with margin but can go up to 4x with derivatives. 3x UPRO and TMF are safe. + +If they ever go away then I'll be running this portfolio using SPY and TLT on portfolio margin in a taxable account. + +# Aren't you too optimistic? + +Why yes, yes I am. However I'm 28 years old with $600k riding on this portfolio with an excellent track record that since 1987 goes to $1.3 billion in nominal dollars. It's my only shot in the world to be a billionaire in nominal dollars and I'm taking it. :) + +# Is this portfolio right for me? + +Ultimately it comes down to your willingness and ability to take risks. It may not be right for you. **Even Hedgefundie is only risking $100k on this for a good chance of it turning into $10 million over 20 years.** + +I'm following a lifecycle investing philosophy of investing while young. My financial situation is very unique. + +You need to have the balls to sell TMF for UPRO in a stock market crash even if UPRO has drawdown 85% or more. In 2008 UPRO had a 85%-90% drawdown for the 60% of the portfolio's drawdown. If UPRO repeats its historical 98% simulated drawdown you need to be backing up the truck with TMF and buying those shares on a fire sale! + +You absolutely need to be mechanical about rebalancing every quarter and not have any second thoughts about doing so. + +Feel free to invest at a lower leverage too. You can do 2x with SSO and UBT. Or 2x with [PSLDX](https://www.pimco.com/en-us/investments/mutual-funds/stocksplus-long-duration-fund/inst) + +Or you can drop down to 1.5x. One [popular investment is NTSX.](https://www.wisdomtree.com/etfs/efficient-core/ntsx) It is the ONLY leveraged fund allowed over at Vanguard as so far it's beating VTSTAX's return with a lot lower risk! NTSX is intermediate treasuries though so it's not quite a direct replacement. + +Finally, [good old 1.0x leverage does pretty well.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=TLT&allocation2_1=45) + +You can also use Hedgefundie's portfolio strategically. For instance, start a Coverdell ESA account for someone who's a baby and [by the time they're age 18 it's grown to $875k.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=2000&annualOperation=1&annualAdjustment=2000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=165&symbol2=TLT&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) It's quite impressive for investing $2k a year! You just gifted $875k from $2k of annual gifting - excellent for estate tax purposes! + +You can get around the income limits by making contributions from a trust or corporation: https://www.irs.gov/taxtopics/tc310 + +> Organizations, such as corporations and trusts can also contribute regardless of their adjusted gross income. + +My sister just had a child. I started a Coverdell ESA account for her child at TD Ameritrade. They allow UPRO and TMF and individual stocks to be invested for benefit of the child. Yup it's 100% invested in 55% UPRO and 45% TMF. + +Ultimately you don't have to be 100% in this portfolio and many people aren't. It's incredible how much growth just $2k a year turns it into if you hold it for long enough. + +# Useful tools + +I made [a spreadsheet you can use that pulls in quotes from Google Finance to easily re-balance this portfolio.](https://docs.google.com/spreadsheets/d/1GzOp0mTp6AYr_arvPHlAb1bJR_6WUjFCdbuSGpaZNCM/edit?usp=sharing) Please make a COPY and don't request edit access. + +It tells you how many shares you need to buy and sell. It also supports tax efficient cash rebalancing too. I personally invest in it's current allocation but doing simulations on both it doesn't matter much in the long run. It also tells you how many shares of SPXL to sell if you tax loss harvest this portfolio. + +Then it also tells you your percentage ownership of the two ETFs. I may have to file 13Gs/13Ds in the future for this portfolio. You can see how a $3m portfolio is already owning 0.63% of TMF. + +# Further Reading that helps understand this portfolio + +[Hedgefundie over at Bogleheads.](https://www.bogleheads.org/forum/viewtopic.php?f=10&t=272007) Read every single post before you decide to invest all in. I've read every single post on both threads. He has back tests for the ENTIRE stock market including the great depression and so on. The portfolio holds up in ALL historical periods. + +[The Long Term Behavior of Leveraged ETFs.](http://www.ddnum.com/articles/leveragedETFs.php) This article debunks the myth: "Leveraged ETFs are not suitable for long term buy and hold." Leverage ETFs ARE suitable for long term buy and hold! + +Early Retirement Now has an excellent article on [How to Beat the Stock Market.](https://earlyretirementnow.com/2020/12/09/how-to-beat-the-stock-market/) Hedgefundie's portfolio checks off 1, 2, 3, and 4 in his article. + +[Lifecyle Investing](https://smile.amazon.com/Lifecycle-Investing-Audacious-Performance-Retirement/dp/B005X4I7ZI) + +[MIT's Youtube Video on Portfolio Management.](https://www.youtube.com/watch?v=8TJQhQ2GZ0Y) This is really worth the watch to understand this portfolio and everything I've talked about here. + +# TL;DR +[Link to Part 2 of this guide.](https://www.reddit.com/r/financialindependence/comments/oaiw3h/part_2_of_my_guide_to_hedgefundies_portfolio_for/) + +I'm 100% invested in this: + +[1987 - Current 165% VFINX 135% VUSTX UPRO TMF Simulated](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=600000&annualOperation=1&annualAdjustment=8333&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=true&portfolioName1=UPRO%2FTMF+Simulated&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=165&symbol2=VUSTX&allocation2_1=135&symbol3=CASHX&allocation3_1=-200) + +For this return: + +> UPRO/TMF Simulated $600,000 -> $1,354,019,830 +> Vanguard 500 Index Investor $600,000 -> $62,417,951 + +If you're young enough that a 100% equity portfolio doesn't give you enough risk, you can lever up to increase returns without dipping into alternative/speculative assets such as venture capital, private equity, hedge funds, and so on. + +# More Proof that daily reset leveraged ETFs are safe to BUY AND HOLD +[QuantConnect stats of Daily Vs Monthly leverage Reset](https://www.reddit.com/r/financialindependence/comments/o7tnm5/my_guide_to_hedgefundies_portfolio_and_why_im_100/h3l5yna/) +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Guten Tag to this global band of Apes! 👋🦍 + +As we close out another week in the GME saga, it will certainly be a memorable one in the grand scheme of things. While I was watching the incredible upward momentum that GME enjoyed yesterday, I couldn't help but notice that I wasn't *feeling* the nearly 9% rise the same way I would have even a few months ago. The plain visibility of how the rich and powerful people of this world have so much capacity to make things butter but choose to do otherwise makes me want the MOASS more than ever, if only to upend their little game and put far more wealth and power into the hands of those who *will* change the world for the better. + +So as these events add stressors to the markets that the SHFs may not be able to squeeze another day from, let's remember the fundamentals of what has brought us to this point. The markets are rigged against Retail, a fact which the SHFs expected to be able to use to profit wildly by killing GameStop. They did not kill GameStop; in fact, it is stronger than ever before. Apes caught them red-handed and are HODLing enough shares with Diamantenhände to make closing their short positions impossible. Each share that is DRS'd increases the pressure on the SHFs as they will soon be unable to conceal their aggressive naked shorting. When they are forced to begin closing their short positions, they will need to buy from Apes who *will not sell*, and it will be an epic squeeze that will lead to structural reforms of the market. All we have to do to achieve this is to HODL one of the greatest technology growth companies around. + +Today is Friday, February 25th, 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: **$120.31 / 107,78 €** *(volume: 1870)* +- 🟩 115 minutes in: $120.13 / 107,61 € *(volume: 1654)* +- 🟥 110 minutes in: $119.71 / 107,24 € *(volume: 1474)* +- 🟥 105 minutes in: $119.97 / 107,47 € *(volume: 1156)* +- 🟥 100 minutes in: $120.83 / 108,24 € *(volume: 1005)* +- ⬜ 95 minutes in: $120.84 / 108,25 € *(volume: 1005)* +- 🟩 90 minutes in: $120.84 / 108,25 € *(volume: 1002)* +- ⬜ 85 minutes in: $120.83 / 108,24 € *(volume: 999)* +- 🟩 80 minutes in: $120.83 / 108,24 € *(volume: 990)* +- 🟩 75 minutes in: $120.67 / 108,10 € *(volume: 990)* +- 🟥 70 minutes in: $120.37 / 107,82 € *(volume: 964)* +- 🟥 65 minutes in: $121.03 / 108,42 € *(volume: 833)* +- 🟥 60 minutes in: $122.85 / 110,05 € *(volume: 679)* +- 🟥 55 minutes in: $122.86 / 110,06 € *(volume: 549)* +- 🟥 50 minutes in: $122.96 / 110,15 € *(volume: 444)* +- 🟥 45 minutes in: $123.10 / 110,28 € *(volume: 372)* +- 🟥 40 minutes in: $123.16 / 110,33 € *(volume: 372)* +- 🟩 35 minutes in: $123.18 / 110,35 € *(volume: 338)* +- 🟩 30 minutes in: $123.13 / 110,30 € *(volume: 329)* +- 🟩 25 minutes in: $123.10 / 110,28 € *(volume: 293)* +- 🟥 20 minutes in: $123.04 / 110,22 € *(volume: 230)* +- 🟩 15 minutes in: $123.18 / 110,35 € *(volume: 230)* +- ⬜ 10 minutes in: $123.06 / 110,24 € *(volume: 193)* +- 🟥 5 minutes in: $123.06 / 110,24 € *(volume: 173)* +- 🟥 0 minutes in: $123.10 / 110,28 € *(volume: 13)* +- 🟩 US close price: $124.58 / 111,60 € *($123.25 / 110,41 € 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 1.1163. 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! +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. +Floki Inu is not a meme coin — IT’S A MOVEMENT — and the Floki Inu community is at the heart of it. +The Floki Inu community are called the Floki Vikings. We call ourselves Vikings in honour of our leader — Elon Musk’s Viking dog — Floki Inu. We were forged in the storms of the Floki Inu re-launch when we saved the project and overcame all challenges to make it successful. This Viking spirit is the heart of our community. +---------------------------------------------------------------------------- + + +ACHIEVEMENTS: + + +-The FLOKI token has been featured in well-known online publications such as: Forbes Magazine, Yahoo Finance, and much more! + +-12k+ Holders + +-26k+ followers on twitter + + +-FLOKI is trending #1 on Dextools on BSC - #1 and #2 on Dextools for the ETH pair. + +-FIRST meme project to have a cross chain atomic swap bridge between #ETH and #BSC + +-In just under 24hr, the $MTGY-powered $FLOKI bridge has swapped ~600B FLOKI (~$2.1M USD) and had hundreds of individual swaps so far. + +-The FIRST LunarCRUSH Top 10 leaderboard on Monday 19th July was the 24-hour social engagement leaderboard. Floki Inu ranked 9th among giants like Bitcoin, Ethereum, and Cardano. Floki Inu beat the well-established Litecoin in our social engagement. + + +-The SECOND LunarCRUSH Top 10 leaderborad on Tuesday 20th July was the trending searches leaderboard. Floki Inu ranked 3rd, beating giants like Bitcoin, Polkadot and Cardano. Floki Inu beat the other dog cryptos Dogecoin and Shiba Inu. +-------------------------------------------------------------------------- +LQ LOCK on BSC is for 265 years +LQ LOCK on ETH is for 100 years + + +Tokenomics: + + +The Floki Inu transaction tax on BSC. +- 7% Marketing +- 3 Reflections +- This will be adjusted to 5% marketing and 5% redistribution in the future. +- The MAX tax will always be 10%. +-Supply across chains will be under 10T; so when total circulating tokens on both chains are added it will NEVER exceed 10T tokens. + ------------------------------------------------------------------------- +We’re starting with a higher marketing tax to quickly accumulate funds for more aggressive marketing aimed at making FLOKI mainstream. +This tax will be adjusted to allow for more redistribution in the future (5% marketing and 5% redistribution). +ETH tax will also be adjusted to 10% (5% redistribution and 5% burn) to ensure tax is in sync across both blockchains. + + +FLOKI is also using a global marketing approach; a significant portion of our marketing is aimed at Asian regions, with some serious guerilla marketing efforts over there as well as almost a month of Btok promotion being organized. + + +Floki Inu Telegram Community: t.me/FlokiInuToken + +Floki Website: theflokiinu.com + +Floki Inu Twitter: twitter.com/RealFlokiInu +These are my thoughts on things to avoid on the FIRE journey: + +1. Don't invest in individual stocks. If you do make that mistake, try to keep it to around 5% of your investments. Get a broad US index, throw some international index in there if you must. Some bonds are OK too, depends on age. Don't invest in any get-rich-quick scheme. Your friend made moolah in some MLM, crypto, or some fantastical real estate deal? Tell them how awesome they are, smile, and forget that bullshit. Slow and steady accumulation has FAR better odds of success than trying to hit home-runs. Also, don't make money off of disadvantaging someone else...unless you are an asshole it won't sit right with you. +2. Don't look at the markets too often, check accounts once a week just to make sure you weren't hacked. Forget the silly peregrinations of the stock market. Don't look at the news often. Some subreddits are OK. +3. Don't compare yourself to others. Everyone is dealing with their own shit and these comparisons only serve to make you either feel worse, or to make sacrifices that don't enhance your happiness or well being. Your only competition is you from yesterday, and the only pill that helps with your mental well-being is progress (apart from an actual mental condition in which case please take your prescribed pills!). +4. Don't let money idle in a sub-1% checking/savings account. Get a high-yield savings account to sock extra monies +5. Don't ignore your health. Doesn't mean you have to be adonis or aphrodite, just that you take care of yourself a bit more. +6. Don't ignore nature. It makes a difference to be outdoors and connect with things that are not man-made. +7. Don't have toxic people in your life, including family. It is OK to cut them out! +8. Don't be too hard on yourself. It's not easy to adult, and you are doing just fine. You're doing great! +9. Don't ignore your career. Not all of us inherit or get lucky with some investment - most still earn their FIRE the old-fashioned way, earning and saving. Yes, work sucks - suck it up and try to contribute in ways you enjoy and fuck the office politics and bullshit. If you are truly miserable, start looking around and make a change. No such thing as "loyalty" to your employer (or vice versa) these days, look after yourself and better yourself. +10. Don't get lost in FIRE. Get a plan, set it and then forget it for weeks. Just check in every month or so. +EDIT: I have made 2 posts on gme\_meltdown in the past, and both comments I confidently stand by. One of the comments I made in the past on gme\_meltdown was even expanded on in this post, so think about what you're saying before labelling me as a shill, just for participating in other subs. Personally, I like to expose myself to the other side of the coin, and that's why I browse gme\_meltdown occasionally. Another thing I need to mention is that I never said a floor of 10,000,000 isn't realistic. I said \*unsubstantiated floors\* are a problem. + +&#x200B; + +**DISCLAIMER: This post applies to about 50% of you guys. I need to be clear that this is an incredible community and I love you all. This is just a rant for the** ***other*** **50% of you who really shouldn't be posting, but instead should just be spectating and sticking along for the ride.** + +**TLDR: A lot of you guys really need to get your act together and start behaving like adults before we lose support within our own community. Just scroll through the dot points if you can’t be bothered reading this behemoth of a rant.** + +https://preview.redd.it/3fviqqyhyqz61.jpg?width=725&format=pjpg&auto=webp&s=6a4bc4c7bef3698f882c552ad9ae58e5888965cc + +&#x200B; + +**INTRODUCTION (skip if you want)** + +I will start by mentioning the fact that I am a substantial holder of GME. I believe in the stock and will continue to hold as I believe in the company as a whole, regardless of whether there will be a squeeze or not (I believe there will be). That being said, this subreddit has started to lose its way. I just can’t really relate to this group anymore, and I find it hard to scroll through and feel confident as a GME holder while simultaneously reading so many **highly upvoted** posts that are delusional, rushed, karma hungry, fake, or just flat out embarrassing (sorry, I know that sounds harsh). This was always going to happen. With growing support and numbers, diversification within the group was guaranteed, and that allows for a bigger possibility of more ‘followers’ who aren’t actually representative of who we were from the beginning when this all started. The problem comes when y’all upvote these problem posts (and comments) and they actually DO become representative of the majority, or at least appear to be when sorting by 'HOT'. That’s when I call bullshit. + +This post is basically the equivalent of your parent/s or guardian/s spending a good 10 minutes yelling at you for doing something wrong, only this time you can chose to ignore the criticism (I suggest you don’t). I’m not trying to be rude or start any fights, and I’m definitely not a paid shill (though I’m probably going to be labelled as one). I’m just saying some things that I feel needs to be said. + +&#x200B; + +**1.** **Cult mentality** + +As a GME holder, you should feel comfortable reading comments from others that question GME. YOU invested in the stock. If you aren’t emotionally capable of understanding there are people that disagree with you, you should not have invested in GME, nor should you be involved in the stock market. + +[The fact that this needs to be requested shows a clear problem in our community](https://preview.redd.it/duklwrgjyqz61.jpg?width=1400&format=pjpg&auto=webp&s=a2fdd251f375f6a70fc9bfe38bfaf32a73a34999) + +The cult mentality that we sometimes have really grinds my gears, and often makes me embarrassed to be an ‘ape’. If someone asks a question that scares you and puts doubt in your mind, THEY AREN’T AUTOMATICALLY A SHILL. Fucking hell. Don’t immediately assume they are trying to spread FUD. If you don’t know the answer, don’t give an answer, simple. I’ve asked 3-4 questions on this sub, only to be immediately downvoted and given blunt responses with no real effort. I’ve seen many OTHERS ask innocent questions only to be shut down, downvoted and then ignored. Stop acting like a cult and **stop acting like anybody who doesn’t believe GME will squeeze to 100 trillion dollars is a shill (exaggeration).** If someone asks a question, don't just say "read the DD, buy and hodl" (and don't **upvote** low effort replies like that either). + +Side note; someone who is actively trying to convince you to get out of GME is a different story. I’m referring to the people who ask genuine questions or put you on the spot for your own beliefs. If you can’t give confident answers, don’t resort to calling them a shill. + +&#x200B; + +**2.** **Unsubstantiated ‘floors’** + +I’m starting to feel as though a lot of you guys have absolutely no idea what you’re talking about when you say “FUCK IT 100,000,000 IS MY FLOOR NOW”. We have all seen how money effects people here on this sub. People we trusted were paid, and immediately threw away everything they had in terms of reputation and took the money. MONEY CHANGES YOUR DECISION MAKING, you cannot ‘prepare’ for wealth the way a lot of you are saying you are. Most of us are middle class and work 9-5, and you are fucking kidding yourself if you work at Maccas (MacDonald’s) and run around telling people you aren’t selling if GME doesn’t reach 10,000,000 a share. If you **don’t** truly believe what you’re saying, don’t say it. It makes us all look like idiots. And not only to outsiders who are considering joining, **but to other apes.** And you know what that does? It causes FUD within our own community. “FUCK IT, 500 MILLION FLOOR” isn’t motivational, it isn’t inspirational, its a hollow statement with no real belief or reasoning behind it, and you need to change your ways before you come across as a pump and dumper. If you’re going to throw around ridiculously high numbers like that, at least back it up with an explanation so you don’t make the rest of us doubt the sanity and/or motives of a fellow ape. *Actually now that I think about it, floors should be kept to yourself. It's a personal decision to make.* + +Anyway, this also goes for sweeping statements that don't necessarily encapsulate the overall consensus of our group, like the post below. Stop using the words "we" and "us" when discussing major decisions that aren't openly agreed with by the clear majority of apes. + +[Speak for yourself, churrmander, not the entire sub. I know you have good intentions, but realistically you need to consider other people's exit strategies.](https://preview.redd.it/vfk8vhclyqz61.jpg?width=599&format=pjpg&auto=webp&s=fb2bb57fe7d7845536cbd178f7325f1564847239) + +&#x200B; + +**3.** **Shitposting** + +This is an easy one. A shitpost, is a SHITPOST. It’s a joke. It’s satire. Stop with the huge anecdotes that include absolutely no OBVIOUS indicators that suggest it’s a joke. I’m specifically targeting the posts about 1; The manager of a company who’s employee said they were going to buy GME shares with the prize money, and 2; The guy who didn’t want to sell his GME shares to pay for healthcare so he instead took his Dad’s last $500. Are these jokes? Are they completely made up for a laugh? The fact that I need to ask is a problem. By the way, if the second post was a real anecdote, then that is an absolute embarrassment and should not have been posted. Though I do believe both were in fact ‘shitposts’. Regardless, my point remains, a shitpost should CLEARLY be a shitpost, especially if it has the designated flair which people seem to often use improperly. + +&#x200B; + +**4.** **Too much information** + +A lot of you need to think about how your posts come across when you are giving an insight into your personal lives. For example, we don’t need to know that you’re a homeless man who gave up all of his spare change to buy GME shares. Or if you are opting to buy GME shares instead of paying for non-urgent health care. Posts like these don't come across as inspirational to many of us. Like the unsubstantiated floors, these posts often cause a bit of FUD within our community, because it can make a lot of apes question their choices as they are the same choices of a desperate homeless man living in the back of his car. Let me be clear, I completely respect other people's decisions, I'm just saying you should consider the impact your post can have on others, and how it can come across. I’m not targeting one specific post here by the way, it’s just an example based on many posts. All I'm saying is that if you are in a desperate financial situation, please don’t publicly tell people that you are choosing to buy GME. That should be kept to yourself and not the broader community. That also goes for people in a decent financial situation who are bragging about throwing away their entire life savings into GME. News flash: THAT IS RECKLESS. It’s not fun, and it is basically promoting gambling because in the end of the day, there are no sure things in life, even if the DD is solid. + +ON THAT NOTE… + +EDIT: the point below is mostly not true. I stand corrected. + +**let’s not forget that a lot of our ‘solid’ DD was written by people who have since been outed as either shills/manipulative or idiots who had no idea what they were talking about... DYOR.** + +[YES! Well said. A lot of you guys need to raise your 'upvoting standard'. The responsibility often falls in our own hands](https://preview.redd.it/0g7fxz2oyqz61.jpg?width=712&format=pjpg&auto=webp&s=45d86b04da9b057074b7680165f5417f193f7604) + +&#x200B; + +**5.** **AMA’s** + +Too many people are summarising arguments/contentions from AMA guests with debatable accuracy. **\*Guest says something\*** \- people here: **“GUYS, what they actually meant was -insert something the guest didn’t directly say- BUY AND HODL”**. Let me be clear, a lot of you guys do a fantastic job at summarising AMAs. But to those of you who tell others that a guest said something when they didn’t EXPLICITLY say it, you need to stop. Don’t ever put words in other people’s mouths. If a guest says something you don’t agree with, don’t tell everyone that they meant something else that just happens to fit our narrative. And on that note, you guys also need to realise that not every guest we have will agree with us. Some people will say things you don’t like/agree with, and that’s life. + +&#x200B; + +**6.** **Immature Posts** + +OMG A LAMBO JUST PARKED AT GME EVERYONE LOOK OMG. Seriously. If you’re going to post a picture of a lambo, at least try to include a funny caption, otherwise it makes you look like you genuinely believe that what you are seeing is sign from god that we are all going to be rich soon. On that note, it’s also your responsibility to upvote content that you think **DESERVES** to be upvoted. I cannot stress this enough. A lot of us sort by ‘HOT’, so keep that in mind when you scroll down endlessly upvoting everything you see. That includes pictures of buildings with lights on... Yes, we've seen it a billion times, you don't need to constantly update us if nothing has changed. + +Also consider the fact that a lot of personal opinions are backed by absolutely no solid evidence, but instead are backed by feelings. **Always keep that in mind**. This really comes back to my argument that a lot of you guys should sit back and enjoy the ride, rather than trying to contribute, and I say that with respect. Some of us just aren't educated enough on this situation to be sharing our opinion in the form of a post. Instead it might be a better idea to **ask questions** here and there, and just participate in the comments section. But hey, maybe I'm out of line. I understand that this is my own opinion. + +&#x200B; + +**7.** **NEW SHILL TACTIC... apparently** + +[The message behind this post is decent, but no it's not currently a shill tactic](https://preview.redd.it/dcwh3xoqyqz61.jpg?width=1397&format=pjpg&auto=webp&s=a30b578357119146bc1c900b33078600e177d4bb) + +This is ridiculous and I have no idea how posts like these get so many upvotes. THIS IS NOT A SHILL TACTIC, it’s an idea that started from apes without any realistic thinking behind it. How and when did crayon eating posts become shill tactics? Take a step back and think about what you’re saying before throwing your fellow apes under the bus for apparently being paid to spread FUD. In regards to the post above, why would a shill be paid to promote the idea that hedge funds are going bankrupt? That would just confirm the squeeze is on. I guess this links into my previous point that some people really should just stick to the comments section rather than creating unsubstantiated posts. In the case of the post above, maybe a different title would have been more appropriate. Or a better understanding of what a shill actually is. The last thing we want is to label everyone we disagree with as a shill. + +&#x200B; + +[Insert Spinnin' N Reelin' by Creed Bratton ♫♪♩](https://preview.redd.it/wziyqrjsyqz61.png?width=554&format=png&auto=webp&s=47f0aa85b4bde226a4338a5605cdb4bb42711594) + +&#x200B; + +**To conclude**, + +I say these things because I really want this community to thrive, and I think every now and then people need a bit of a kick up the butt. I do believe there will be a squeeze, and if there is, we are going to be the most wholesome and generous millionaires the world has ever seen. We will truly make the world a better place. But in the subs current state, it's become impossible to trust anyone's DD, and most posts I see just don't do it for me anymore. Too many photos of buildings, too much astrology, too many karma whores, too many low effort posts, too many personal opinions backed by a 'gut feeling', too many upvotes given to posts that don't deserve to be on front page. There's just too many factors that currently push me away from this sub *"and for that reason, I'm out"* + +\- Mark Cuban, Shark Tank, 1845 +I previously posted a much more complicated thought process that has the same conclusion, but it really just boils down to this: + +&#x200B; + +It doesn't matter how much you might believe you're selling on the way down from peak MOASS. *Don't sell all your shares during the squeeze.* It is better to not sell some of them and then look back knowing your were definitely selling on the way down from the real peak, rather than to tap out too early and not have any shares in hand for the real peak. + +&#x200B; + +&#x200B; + +Not only does this help the MOASS by not playing your hand too early, but it will also be healthy for us all to be HODLing some shares of GME when the dust settles. + +&#x200B; + +I like the stock. Buy and HODL. I am not a financial advisor. I am not your financial advisor. This is not financial advice. +Last year I took Reddits advice on contributing to a Roth IRA. I don't know if I should do it this year since I'm down about 20 dollars right now. At one point I was up 200. Should I just believe in the process and contribute another 6k in 2022? + +My portfolio is currently most aggressive, 63% foreign stock, 36% domestic.I picked FZLIX, SPAXX,VTI, VXUS... I'm 27. + + +Thanks for all the information guys, I'll contribute to US index funds for 2022. +On a throwaway just in case as it is to do with benefits and dont want abuse on my main. I lost my job last week. Mum of 2 living with partner and private renting. + +I was earning £17.5k (pre tax) per year - partner works part time earning around £9k per year + +I have sat down and done all the benefits applications and everything this morning and it turns out I will only be receiving about £60 less per month than I was working - obviously this is offset by much reduced travelling costs and childcare costs so we will actually have more money in the household by more than £150 per month + +I obviously want to find a new job as soon as possible but what is the point in having the kids in childcare before and after school each day and going to work just to be worse off? (obviously from a purely financial standpoint) + +How can this make any sense? I thought being in work was always supposed to pay more than being on benefits? +TL/DR: I like my job, but also mental health is really important. + +Edit: in case this confuses anyone else, the timestamp on my old post is showing up as 1yr ago on some devices. I believe this is because it was technically poster 1yr 11mo ago and some versions of Reddit app round down to the nearest full year. But it was indeed written in October 2020, and this is a (nearly) 2 year update. + +In October 2020, I made a [post](https://www.reddit.com/r/financialindependence/comments/jhe6va/i_left_a_faang_prefi_for_a_more_fulfilling_job/?utm_source=share&utm_medium=web2x&context=3) here that was fairly well received. I wrote that post 9 months after leaving a FAANG and, as the title says, I took more than a 50% pay cut, pre-FI, for a more fulfilling job. I’ve been thinking about doing an update post for the past year or so, and now the time feels right enough. Quick financial recap: Back then I was 25 years old, NW of around 200k-ish, and I felt I was just about coastFI. Now I am 27 years old, unsure of exact NW, especially now that I have to consider house equity, mortgage debt, and recent market volatility, but it’s gone up a decent amount - maybe to 240-270k depending on how you count the home equity (and if you consider markets from a month ago and not time of posting lol). Basically I’ve been able to save some, but not as much as I’d like - who’da thunk it’s harder to save money on a lower salary. + +# What’s happened since October 2020? + +I’ll start with some life updates. Apologies in advance for being a wall of text / stream of consciousness. I’ll put reflections later - this paragraph is intended to just be an info dump of the last 2 years. When writing that last post, my partner (now ex) and I were weeks from closing on a house. The closing went well, and I love the house. It is an old house (1910’s), but so far have had no issues. Since closing, property values have gone way up - just got a HELOC based on a valuation about 30% higher than we bought. I should be able to remove PMI next month, at the 2 year mark. My sister, who lives down the street, had my first nibling a bit over a year ago, and being an uncle has been wonderful. I am still working at the same place, still remote. My responsibilities kept expanding until I finally felt justified in asking for a title change to CTO, which was approved without question; it’s not super meaningful at a small research nonprofit (< 8 full time employees, but many part time and volunteers), but my previous title was pretty obscure so it’s great to have something clear and an obvious career progression for me. My salary has increased to about 103k - you may recall that my starting salary was 88k; not too shabby, but not tech sector executive level either! I now manage, at any given time, 3-6 part time engineers and student interns. I manage several projects, write statements of work for the consulting arm I started, manage some IT related stuff (I’m not the primary IT person at the org though), and individually contribute. As foreshadowed before, my partner and I have (recently) split up. I’ll get into that more later, but for now, I’ll just say we are on fairly good terms, and it didn’t financially wreck me. + +# Brief review of October 2020 post + +While rereading the old [post](https://www.reddit.com/r/financialindependence/comments/jhe6va/i_left_a_faang_prefi_for_a_more_fulfilling_job/?utm_source=share&utm_medium=web2x&context=3), I’d say I was (perhaps cautiously) optimistic about the future and the choices I’d made then. My takeaways were that I liked my job more than my FAANG job, but it was still a job. Some gushy statements about values, purpose, and fulfillment, and having faith in the future. + +# Do I still feel the same way? + +In a lot of ways, yes. In the last year, I’ve actually come to enjoy my new job more. At the time of writing the old post, I was being pushed to work on this one project that I grew to really dislike. Once that was finally over, things got a lot better. I eventually started a consulting arm of our nonprofit, where we help apply our research methods to other academic projects as contractors. I’ve been managing engineers in a much more real capacity, and I’ve found it really fulfilling. I significantly helped in this one grant application, which, if we get, could mean a fairly significant expansion to the org. I am still regularly coding interesting things as well, and generally working easy hours. + +The main thing that deviates from the points of my old post is that caring for my mental health was just as, if not more, important than having a job I found fulfilling (and, of course, the two are likely related in several ways). I’ve come to realize that I have had significant depression and anxiety, probably since I was a teenager. While I’d been to therapy a few times even before writing my last post, I never really got much out of it. It wasn’t until the Fall of 2021, when I finally talked to my doctor about it, was diagnosed with major depressive disorder, prescribed meds, and even took FMLA (medical leave), that things really started to improve for me. Just existing is not supposed to feel like a major struggle every single day! It’s such a simple statement but it’s really something that’s easy to forget when you’re depressed, especially when it’s been your “normal” for years or decades. + +My meds (an SSRI and a mild stimulant) really helped me from being stuck in such a low place. My improved mental state, therapy, and some shocking life events (the sudden, unexpected passing of my grandmother, and a cancer event with my sister (she’s doing well now!)) really brought some perspective in my life, which eventually culminated with me realizing how unhappy I was in my relationship. Since this is not r/relationshipadvice, I won’t get too much into relationship details, but I’ll say that my relationship was keeping me from doing a lot of things I wanted to do, and kept me stuck in some poor habits (that really fed my anxiety and depression) that were formed when I was mentally ill teenager. I have no ill will toward my ex. + +Since this is a financial subreddit, I’ll briefly go over the financial details of the breakup. We were not married, but we shared a house and vehicle. The house was technically in my name only, but we would have bought it together if it wasn’t for my ex being between jobs due to COVID at the time of applying for financing; we split costs and always treated it as co-owned. So, I’ve bought out their equity in the house and the car (subtracting some money that they owed me from something unrelated). All in all, it put me out < 25k; it’s not really a life-changing amount, but it’s nontrivial. + +Now that I have significantly better mental health, I am looking back at my career pivot with some more perspective. I still think it was a good choice, and probably the best for me at the time, given my poor mental state. However, I suspect I could have managed working my “unfulfilling” FAANG job if I had better mental health at the time. It was actually kind of an epiphany moment that led me to leave the job (in part from a self-help-ish book that I still very much appreciate), but given my extreme history with depression, what I think I needed more than anything was medication! Don’t get me wrong, I made great strides with self-reflection and learning to process my emotions. But, at least for me, my upbringing as an LGBTQ individual in a Catholic Texan family did not leave me well equipped to handle life without some significant intervention. + +So, I am doing much better now, mentally, and am more optimistic than ever about the future. I am back into a good fitness routine. I am going past my comfort zone and making new friends - something I found extremely difficult to do before with my anxiety, depression, and being able to use my relationship as a crutch. I don’t regret my career choices, and I really enjoy my job now. I also feel that, if I wanted or needed to, I could probably go back to the tech sector and get a pretty good job, coming in as a CTO with the diversity of experience I now have. Or, perhaps I’d be able to freelance / househack my way into coasting. (Or, as a young new single, marry rich!) + +A caveat to all this good, though, is that from a pure financial perspective, these QOL improvements might not be a good thing; my poor mental health in a lot of ways gave me tunnel vision for FI. Now, I am spending quite a bit more and saving less as I explore a lot of things I had not before. But, maybe that’s as it should be ? + +# Conclusion? + +I don’t know that I have a clear takeaway here, other than *really* investigate your mental health whenever you feel you really *need* a big life change. I’m not saying you shouldn’t trust your perceptions, knowledge, and beliefs, but if you’re fortunate enough to have decent food, a non-toxic home, and a non-toxic job that pays enough, yet still feel like it’s a struggle just to exist in the world, something isn’t right - and it might not be as straightforward a fix as a new job or new chore schedule. +This post was inspired by another post ([https://www.reddit.com/r/algotrading/comments/qrieaj/my\_strategies\_keeps\_breaking\_one\_by\_one\_what\_to\_do/](https://www.reddit.com/r/algotrading/comments/qrieaj/my_strategies_keeps_breaking_one_by_one_what_to_do/)) to spark a discussion on on overfitting, and how to avoid it. I felt this deserves its own post because I feel like a lot of newer players to this game could use this advice. + +I've developed a process that has been working well that I'd like to share. I'm also curious how everyone else avoids overfitting. + +For now, I exclusively trade equities on the daily timeframe. In all honesty, I do this mostly because its inexpensive to get daily data at this timeframe and easy to execute when the markets are closed. I'm not a software guy like a lot of people here, so I find value in the simplicity. + +You should segment your data into 3 parts. A lot of people do two parts, but I do 3 parts, I also stated my timeframe for each data set: + +1. In-Sample Data (2000-2016): This is how you determine if your hypothesis has any potential at all. I think it is important to test your strategy on the dot-com bust and the GFC. I don't really care to include '98 or '99, because the exponential gains in NDX equities can easily add 5-10% CAGR to this timeframe. I prefer to stay as pessimistic as possible. +2. Out-of-Sample Data(2016-2019): You use this to figure out what kind of parameters work best to support your hypothesis. You can test your optimizations on out of sample data. +3. Hold-back Data (2019-2022): Hold this until the very end of your testing phase. + +My process begins testing on the in-sample data to determine if my idea is dead in the water, or deserves some more exploring. After some tweaks and optimization, I test on the out of sample data set to see if it holds water. Once I get it to a spot that looks good. I do a walk-forward analysis. across these first two periods. + +Walk Forward Analysis: One thing that many overlook: Returns/Drawdown/Sharpe are not that important for walk forward analysis. You already know form your testing that your strategy is going to do OK during this time period. You really want to see all of the optimal parameters from walk forward clustering around the same value. take a MA crossover strategy as example. If in, your walk forward example you see the periods 3, 28, 7, 146, 68, then your strategy is needs to be thrown away, don't waste your time anymore. Even if your returns are good, this still could be due to luck. + +Here's where the hold-back data comes in. Once my strategy is in its final stages. I test it on my holdback data set. This is a pass-fail test. If it passes, I take it live. If it fails, it gets the dumpster. When I first started backtesting strategies, I would find myself thinking I was in the clear by using in-sample and out-of-sample only: + +1. I would torture the data on the in-sample till the little green equity line was a diagonal line going up across the chart. +2. Then I would test it on my out-of-sample, and not be happy with the results. +3. Then go back to in sample, re-torture the data until I finally was happy with my out-of-sample chart. + +Well, now the out-of-sample data is not actually out of sample, you've effectively turned your out-of-sample into your in-sample, and, wouldn't you know it, there is no more data to test on. Having a hold-back dataset ensures that, once its time to put pencils down, you have some more data to show your model. You should really be fighting the urge to go back to tweak your strategy to try to pass the hold-back data set, this will just further overfit your model. + +What are some other reasons your model might fail? + +Survivorship Bias, Fees/Slippage/Taxes, Intra-trade Drawdown, Selection Bias, Confirmation Bias, look-ahead bias, and many many more. These probably all deserve their own posts, I'm not going to get into them here. +Title covers it really. + +Assuming we can convince them to take it.. we want to give some money each month to them. + +Any risks to their benefits and how to mitigate? + +Edit: both on state pension. + + +Second Edit: thanks for all the helpful advice, too many to reply individually - but all appreciated! +I wanted to take a moment to address an issue that I've seen a number of users overlook in various crypto communites. + +When Binance was hacked they reported that the following information had been compromised: + +* 2FA keys +* API Keys +* Some passwords. + +Most users have changed their passwords and considered their account secure. It is **not** secure unless you've updated your API keys and 2FA keys. + +**What are 2FA Keys** +When you generate two-factor-authentication (2FA) codes you receive a seed string, usually as a QR Code, a text string and some backup codes. + +Those seed elements are what allow your 2FA device to generate seemingly random codes and match them to your account each time. + +The seed code or backup codes are stored by Binance. Binance has not discussed if these backups were hashed or encrypted in any fashion or if they were in plain text. + +This means, the hackers likely have the ability to generate matching 2FA codes when logging in to accounts. + +**How do I change my 2FA key?** + +On your Binance control panel when you login you should click to disable "**SMS Authentication**" or "**Google Authentication**" and follow the steps. + +Then click to re-enable "**Google Authentication**" and follow the steps to generate a new key. + +(You should never use SMS Authentication as it is commonly the target of SIM spoofing attacks, and social engineering attacks at large telecom networks). + +**What is my API key?** + +Your API keys are used to control your account programmatically via bots and third-party tools. + +At this time Binance has reset all API keys themselves - but, it is good to double check that none are still active. + +**What is my Anti-Phishing Code?** + +Your anti-phishing code is a code that you create that appears on all emails from Binance to help confirm their authenticity. It has not been confirmed if they were compromised, but, they can be easily changed via the control panel. + +Since Binance noted that phishing was a major part of this attack, it is worthwhile updating your anti-phishing code. + +**Isn't this just fake news?** + +Some people have claimed because the 7000 BTC is the same amount from the June 2018 hacking, that this was a fake hack and just an excuse for Binance to close deposits/withdrawals this week because they believe that big negative news about Tether is going to hit and want to prevent a "run-on-the-banks" + +That seems incredibly unlikely, especially because there would be no reason for Binance to say that API keys and 2FA keys were compromised. Either way you are safer updating all your information. + +**Is there anything else I should check?** + +Yes, make sure you've updated your password, and that your account email is still the same. +A strategic view: + +https://decentralize.today/investing-in-cryptocurrency-warren-buffett-style-30413fcd5f9d + +"Compounding interest works not only in the stock market, but in the cryptocurrency market as well. Since my initial success, I’ve invested in several other cryptocurrencies, platforms, and tokens. I have only profited because I followed Buffett’s example: research, buy, hold. + +In addition to learning much of my philosophy from the Oracle of Omaha, I’ve gained practical advice from Tim Ferriss’ book Tools of Titans. If I can’t answer yes to each of the following questions, I don’t invest. + +Here are the four questions I ask myself before any investment, adapted from Tim’s book: + + - Do I understand the tech? + + - Would I use the tech myself? + + - Do I see other people using this tech in 3 years? + + - Do I have any type of advantage investing in this token? + + +First, for those who don’t know me, I’m the guy that comments and cheers on 98%+ of purple ring posts. I’m xxxx all in GME, 100% DRS. I’m on here many hours a day every single day. I love encouraging and helping others. 🦍💕🦍. If you have questions or concerns, please comment or PM me and I will have, or find, the answer for you. Every single reply to this will get a response. + +Also, on weekdays, I started making a **”DRS question and answer”** post with a team of volunteers that are happy to answer any questions you might have and help you DRS. Link at end. Credit u/estrovia for the idea. + +#OK, let’s start… + +Yes, apes are adding on to their existing DRS positions, and yes, there are fewer duplicate accounts being opened for us by CS, **BUT** + +#The rate of new CS accounts over time is dropping. + +34,000 in October + +15,000 in November + +17,000 in December + +10,000 in January + +**8000 in February**(less than half of previous 4 month avg. + +**And the BOT average hasn’t been rising.** My biggest worry about DRS numbers is that once all apes who are going to DRS, do so, the CS account high score will completely stop growing (except for apes still acquiring multiple accounts), and then our DRS total will only increase by the amount of shares existing DRS apes are adding. Then, instead of our numbers growing by 3-4M per month, they will only grow by maybe 500k per month (educated guess). At this reduced rate, it would take several years to lock the float! + +#This is why these 3 things are CRITICAL!! : + +1. The **word about DRS** and GME fundamentals needs to be spread to the masses **outside of Reddit**. If every ape would just try to reach 1 other person and Tweet or comment about DRS outside of Reddit every day, the float would be locked in no time! Twitter, FB, Stocktwits, etc. EVERY APE should do this now!!! I’m tech challenged. I do it, so anybody can. (See my tweet link at end of post) + +2. Apes with money tied up in **”other investments” consider converting those to GME and DRS**. It’s the perfect time before the markets tank. Even IF both squeeze, only GME has a turnaround plan that can launch MOASS. +This could also include taking the tax hit if you can or DRSing your IRA. **Tried-and-true new IRA DRS link :** https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf + +3. Apes with shares in brokers that will not DRS, such as **Etoro and T212 : think about selling and re-buying elsewhere!!** They don’t have the shares anyway, so selling and re-buying hurts nothing! Please don’t trust your millions to a broker that won’t DRS! Seriously, go read their TOS. Also, see link at the bottom of this post. Great comment from u/mia6ix : +“Shorts aren’t closing positions voluntarily, for one thing. Their whole plan was to never close, and they sure aren’t doing it at $100 or even $50/share. For another thing, shares held in eToro aren’t even traded on the real market. Their TOS makes that clear. Apes who “own” shares at these so-called brokers that won’t allow them to DRS are stuck with a position that probably isn’t even real, and will likely be force-liquidated at the first hint of MOASS. If all those apes dumped these crappy brokers and re-bought shares on the open market AND DRSed them, we’d have the float locked and some real buying pressure, finally.” + +More detail about how I know #1-3 are so critical : + +There is nowhere near 700,000 of us on Superstonk and other GME subs. The vast majority of ‘accounts’ are shills, bots, apes with multiple accounts, and dead accounts. I think it would be generous to say there are even 250,000 apes here. + +On the subject of the number of CS accounts … yes, the high score account number being 1281xx means there are 128,100 account NUMBERS. However, there are many apes with 2 or more CS account numbers. I’ve spoken to many apes that have 3-6 different account numbers! This is exactly why roid_rage_smurf (DRSBOT guy) has added the new CSX feature. PLEASE support this! **Simply go back to your original CS post and comment:** + **!DRSBOT:CSx!** +where x is the number of different CS account numbers you have. +**Important: do this even if you only have 1 account or even if you posted long ago.** Otherwise no data is entered for you and if mostly apes with multiple accounts report, it will skew the CSX data higher/DRS total lower. Help spread the word. You can see in the comments section of each purple circle post whether someone has yet to report CSX number. + +After collecting data from the first **1791** apes that submitted a CSX number, the number of accounts per ape is 1.32. This reduces the 128,100 CS accounts based off of the high score to actually 97,045 “unique-ape-CS accounts”. (Maff=128,100/1.32) +This is why BOT and CS.net numbers were so far off from GameStop’s earnings release number of 5.2M on October 30!! + +#97,045 x 159.49 = 15.5M shares DRS’d. + +This is the current number of accounts per high score 128,100 adjusted/divided by 1.32 because of apes with more than one account, multiplied by DRSBOT average shares per ape: + +Next, all too often I see posts using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of ~75M minus insider shares of ~12M = 63M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 250,000 apes on Reddit (or others that know about DRS), and even IF they all DRS, the average number of shares per ape would need to be 252 to lock the 63M. An extra $10,000+ per ape at 120/share!!Obviously this will take a much longer time to accomplish. Even if we DRS 4M shares every month from October 31 2021 forward, it would take us until January 2023 to DRS the 63M shares. + +**Etoro screwing an ape:** https://www.reddit.com/r/Superstonk/comments/sutu2v/those_fckrs_closed_all_my_positions_etoro/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf +**Another scary Etoro post.** https://www.reddit.com/r/Superstonk/comments/t3m6g8/etoro_just_sent_me_this_email_are_they_preparing/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +**From Fidelity TOS:** +“#10. Modification and Termination +"I agree that Fidelity may modify, change, or discontinue the Services in whole or in part, at any time, which may cause me to lose any notes that I have stored in the Services…. +**Fidelity may revise, modify or amend this Agreement at any time without notice. I understand I should check this Agreement regularly."** + +This post is meant to be purely motivational and encouraging. I think if and when GameStop releases the CS numbers as of January 29 in their March earnings release, we will be lucky to be at 16M. Don’t wait for that number. **Get to WORK** and spread the word about DRS to the masses outside of Reddit NOW!!! and DRS your max! I don’t trust any broker now. I certainly won’t trust them not to screw us over during MOASS and/or when they’re facing insolvency. Read your broker’s TOS. Would you put $50M in a bank account in your neighbor’s name? Then why would you leave your GME in the DTCC’s name?! I don’t say this to scare anyone, I say this because I love you and want you to get your tendies. + +#Changing the world is what’s at stake!! + +**BE THE CHANGE!!** + +**NEW DRS Daily Q&amp;amp;A post** https://www.reddit.com/r/Superstonk/comments/t1lnya/fill_yer_time_with_millertime_ask_or_answer_drs/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +**One of my Twitter scripts:** https://twitter.com/millertime1216a/status/1495553243014905856?s=2 + +**Classic from u/Criand about DRS causing MOASS**: https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;utm_name=u + +For newer apes, please check out computershared.net by u/jonpro03. + +#TLDR: DRS your max! Spread the word. +#LOCK THE FLOAT!!! + +🦍💕🦍 +I bought a 2022 Subaru Outback about 6 months ago and quite like it. I paid a reasonable price and got a 6 year loan with a 4% interest rate. I have an unlimited lifetime warranty on the powertrain that’s surprisingly inclusive in what it covers. + +Is the smart thing (financially speaking) to keep it until it stops working? Or is it wise to trade it in at some point? For a little context, I’m married and we share the car. We’ll be getting a second vehicle at some point but the second vehicle can be and old beater because we’ll mostly use the Subaru. +I bought a 2022 Subaru Outback about 6 months ago and quite like it. I paid a reasonable price and got a 6 year loan with a 4% interest rate. I have an unlimited lifetime warranty on the powertrain that’s surprisingly inclusive in what it covers. + +Is the smart thing (financially speaking) to keep it until it stops working? Or is it wise to trade it in at some point? For a little context, I’m married and we share the car. We’ll be getting a second vehicle at some point but the second vehicle can be and old beater because we’ll mostly use the Subaru. +I'm currently 33/hr as a contractor no perks etc. Now they are looking to change this position to aps2 and lower pay and permanent not sure the current rate is but I'm now have to decide. I can't made up my mind if it's worth it lower pay and permanent and lower responsibilty that I like. In the end getting permanent but I will just be a drone bee 🐝 instead of my current position of casual contractor but like a more advanced 🐝.It just feels slap in my face +Hi Everyone, + +Not sure if this is the right subreddit to post this in but looking for advice. I'll preface by saying this is my parent's issue and it sounds like they've done everything to try to get the matter resolved. + +My parents found out roughly 3 weeks ago that their card had been charged at our local Best Buy in the amount of about $6300. They called Bank of America and reported the charge as fraudulent as soon as they noticed the charge the very next day. According to my dad, the person on the phone said there wasn't anything they could do to cancel the charge and that they would just "let it see if it goes through" and take it from there. In the meantime the card would get canceled and they would get sent a new card. Fast forward 2 weeks later the charge goes through and now Bank of America is saying it's my parents' responsibility to pay for the outstanding balance. + +My dad still has his card (it wasn't physically stolen) but BoA is saying the card was presented physically at the store and because the card is chipped and a signature was presented they are liable for all charges. + +They've already gone to the police and filed a report, they have also inspected the security security tapes at Best Buy which they said has revealed nothing (according to them the sun was shining into the camera so you couldn't see anything during the time the purchase was made). + +I'm not sure what more advice I can give them so looking to Reddit for any help or other advice I can offer them. + +**Update:** Just woke up and wow this blew up way bigger than I thought it would. Thanks everyone who offered up advice. I need to go to work soon but some responses to some questions/comments since I don't think I can respond to every comment here one by one like I was last night. + +**Credit Card or Debit Card?** + +Credit card. + +**Sounds like this was done by someone your parents knew** + +I'm not saying it's not true but I believe it's highly unlikely. Mainly because they don't have too many friends but have also communicated to them this possibility. + +**Why didn't anyone at BB check id on the purchase?** + +They asked the same thing and Best Buy simply said it's their policy to check ID and nothing more was said on the matter. + +**How could it possibly be there was only one camera that suspiciously was blinded by sun?** + +I told them that it's impossible that a big box store like BB would only have a single camera pointed at the registers that was conveniently blinded by the sun. They said they would try to pursue the matter further with the police; I told them even just walking around that BB and pointing out all of the security cameras in the store would be enough to make the case that there are cameras elsewhere and that the police need to go back. To clarify, my parents did not go to the BB themselves to get at the security footage; they filed a report with the police and they went and told them the sun in camera story. + +**This story sounds fishy and you're lying/you stole the card** + +I won't deny the story sounds fishy but not sure what I have to gain in fabricating this story. I just wanted some advice from anyone who might know what other avenues they can pursue and never expected this thread to blow up the way it did (it only had 6 posts when I went to bed last night and honestly I thought that'd be the end of the feedback). As far as accusations that I stole the card, I live 400 miles away and haven't lived at home since high school. + +I'll try to continue updating as this unfolds. + +**Update 2**: Tried to reply to some of the comments but heading to work now. Will be back tonight to look through all of the advice here and provide updates. + +**Update 3**: Just got home from work earlier and off the phone with my mom. Thank you so much for responses everyone! I actually forwarded my mom this thread earlier so she could comb through some of the advice in the comments while I was at work and she responded a bit below to one of the comments. She's going to keep leaning on the police to get at those security tapes from and inspect them from all angles and has filed a complaint online with the Consumer Bureau and has drafted a physical letter that she'll be sending to BoA. She's also contacted our local news outlet to see if they can help get things moving along and investigated properly. Will see what the outcome is and post updates in the near future. + +**Update 4**: Just saw I got a PM from someone who claims to work for BoA, going to get in touch with them a bit and see where that takes us. + + + + +I was hoping to validate a formula of what I believe to be a relatively consistent indicator of Bitcoin price performance. Specifically I was able to model a 22% profit over a 3 month period. I'd love feedback before I actually invest using this hypothesis. + +**Here is the process that I used:** + +1. I searched [Google Trends](https://trends.google.com/trends/explore?date=today%203-m&q=BTC%20USD,buy%20bitcoin) for "BTC USD" and "Buy Bitcoin" over the most recent 90-day period: + +https://i.redd.it/7z197qzbgvq11.png + +2. I noticed that when the "BTC USD" to "Buy Bitcoin" ratio is less than 3:1 (specifically <35%) at the BTC price "close" for the day, the following day's close price increases. If more than a 3:1 ratio (specifically >35%) (i.e. 4:1 or 5:1) then its a signal to sell because the subsequent day's price decreases. + +3. I noticed that when the BTC price difference closes more than $80 above the prior day's close price, this makes the pattern more consistent. Here's a screenshot of what this looks like: + +https://i.redd.it/cndhw8jdgvq11.png + +**BTC USD**: Daily indicator directly from Google Trends. + +**Buy Bitcoin**: Daily indicator directly from Google Trends. + +**Price**: Current day's close price from Coin Market Cap. + +**Column E**: "Buy Bitcoin"/"BTC USD" ratio + +**Column F**: The Buy/Sell decision formula. For example here is the formula for cell F20: +**=if(AND(E20>35%,G20>80),"BUY","SELL") .** Note that "35%" is the threshold to Buy along with the price being greater than "$80". + +**Column G**: Bitcoin price difference from prior day's close. + +**Column H**: Running total based on an initial $100,000 investment on 7/7/2018 (the first Buy). + +So over a 3 month period a $100K investment becomes $128,839 in my dataset. + +**Here is what I'd like feedback on:** + +a) The ">35%" and ">$80" are rather arbitrary based on what seems to work in this 90 day dataset. Is there a better formula that will yield a better Buy/Sell signal? + +b) I am not experienced working with larger datasets and had trouble getting the daily numbers for the Google Trend data and the BTC price over a longer period of time. Can anyone successfully reproduce these results over a longer time span? + +If the above can be validated I'd like to work with someone to improve on this indicator. If someone a lot better at this than me comes along and proves that this is total crap--great, then I can go back to sleep! :) . Thanks in advance and hopefully we can all learn together. + +Here is my work-in-progress Google Sheet with the above data in Sheet 1: +[https://docs.google.com/spreadsheets/d/1drrOqUZKEeUOYeRa6tevrQHs7AkQnNbSrCkVXNQZVsU/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1drrOqUZKEeUOYeRa6tevrQHs7AkQnNbSrCkVXNQZVsU/edit?usp=sharing) +If I buy a stock/etf for a dividend, I consider that initial investment $ cost gone forever. + +In exchange I get two things: +1) it increases my net worth permanently +2) it provides a steady cash flow going forwards in perpetuity + +This essentially means that I am insourcing my pension and insurance; creating my own infrastructure making me both financially and spatially independent. Forever. + +I have relatively few positions, but have done my own DD and am extremely high confidence in my choices. + +Criteria are: + +1) ETFs, (no individual stocks) + +2) Yield over 8% (easily achievable with covered calls) + +3) Trustworthy oversight with a specific goal and risk % + +4) All positions are inversely sector and region correlated (no one point of failure) + +5) Monthly distributions in a regular $ amount + +I feel VERY strongly that this way. +I'll keep it simple this time. I am 50. I have been investing for 22 years, just not in dividend stocks. + +I need to generate a monthly income for about 1 year. These are not long term investments. + +$40k each in SCM and PFTL + +$20k each in IDIV and NUSI + +That should generate $900 a month for a year which is what I need. + +What do you think? +Hi all, + +I wanted to pose a question to the group. I am a younger investor with a long time horizon (30+ years). + +I’ve been investing for a little while now, but mostly heavy in tech and index funds. + +My specific question: What are the benefits of investing in dividend stocks rather than dumping your money into SPY, or QQQ (SPY & NASDAQ index fund equivalent)? Both of these indexes are quite diversified across all the companies they are comprised of. + +Please note that my question is tailored to folks who have a longer time horizon, not people who are near retirement and need a more steady income stream. + +Thanks! +So I’ve run into a lump sum of money that will be leaving me with an estimate 550k tax liability for taxes next year (fed/state). It’s a good problem to have obviously, but I will have the money for the next 8 months before I pay taxes and was wondering what you guys would recommend for some good/safe dividend stocks. I know I can go a safer route and just go with a savings account or something and get half a percent, but I’m willing to take a little risk to get a better return. I don’t plan on dumping it all into one dividend stock and would like to diversify into various stocks and index funds, but dividends sound tempting due to the gains and potential tax I avoid if it’s a type of dividend which I still don’t understand. + +Thanks in advance for your input +Good morning everyone. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Main Watchlist** + +* Gapping UP: MARA, RIOT, AMD, PYPL, TSLA, NIO, MVIS, VERY, DLPN, GME, CHPT +* Gapping DOWN: BOX, AMRS, ASO, ACY, UTME, STZ + +**Momentum Watchlist** + +1. RICE (+17%): Up on natural gas firm deal. Seeing good volume and price action at the moment, I'll be watching to see if it continues. Possible premarket support around the 10.73-10.75 level. +2. HOFV (+11%): Up after announcing first NFT offering. Seeing strong volume and price action in premarket. Daily chart intrigues me as well, so I'll be keeping an eye on it. +3. AVCT (+33%): Up after announcing they received an unsolicited acquisition proposal at $9/share, but they plan to explore "strategic alternatives". Possible premarket support around the 7.50 level. Low float, so this could see some volatility this morning. +4. ATNF (+13%): Up on news of insider buying, couldn't find another catalyst. Seeing decent volume and price action in premarket, with possible premarket support at around the 9.00 level. +5. APRE (+15%): Couldn't find a relevant catalyst. Seeing good volume and price action at the moment, I'll be watching to see if the momentum continues. Premarket high of 6.18. +6. IMMP (+14%): Up after announcing FDA fast-track designation for it's lead product candidate. Seeing decent volume, but currently showing some weakness in price action. I'll want to see it turn around. + +Lots of small cap stocks to look at this morning, so I'll be running my scanner after opening bell a few times to see what's moving. Nothing wrong with sitting on your hands and being patient. + +**Market Outlook** + +Stocks are looking to open a bit higher this morning, slightly mixed though. SPY is trading a bit below 408, at new ATH levels. Bitcoin is currently trading at around 57,400, and still hovering around a support level. Bitcoin-related stocks are a bit mixed in premarket, and I'll be following them closely today. Tech stocks are showing some strength this morning, as are some EV-related stocks. I'll be keeping an eye on marijuana stocks as usual, and any potential catalysts. Gold and silver are up at the moment, while crude oil is slightly in the red. The recent strength in the market has some people feeling a bit unsure. We could see some indecision in the coming days, so I'll continue to be cautious in my trading. Make sure to stay disciplined and take trades based on technical setups, not your emotions. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :) +&#x200B; + +[ASX\_Bets Dog Race](https://preview.redd.it/af3rmxnolvx91.png?width=1600&format=png&auto=webp&s=4f2631fbe03ef12746b9e5337beb2209c3f60f6f) + +Alright cunts, we've had our first full week of racing - and I've been busier than I expected (Fucking job - you cunts were supposed to send IVZ to like... $2). + +Did we all have a green Friday? Let's hope the dogs didn't get a sniff of that.So, let's just dive straight in shall we? + +# The Losers + +Below are the losers for the week, in order of shittiness. Everyone here ended the week greener than it started. You have been removed from the game, though you will continue to be recorded for potential other wins. + +First of all, 2 of us lost bad. Real bad. Special note because these "Dogs" almost bagged this week. So who are the dumb cunts who don't understand the game? + +**Worst 3** + +* In 3rd last place, with a **gain** of +25.00% we have u/Best_Welder_1119 with his dog, **DUN**. Looks like they got fuck just today, with a +23.29% climb just today. Ouch. +* In 2nd last place, and far from 3rd, with a **gain of +80.95%,** we have all week loser u/Mathieu595 with **CBR**. Holy shit cunt, you almost bagged. Looks like you would have been our biggest loser if you didn't enter Trade Halt. +* And our number one loser, and ultimate dipshit who can't read the rules of them game... Me? u/FameLuck with a **+88.24% gain** on his dog stock **NUH.** Fuck all ya'll 😰 + +and the rest... + +4) **RMX** **+22.22% -** u/megadrive65 +5) **RBL +16.00% -** u/Outside_Arrival_8897 +6) **NRZ +15.00% -** u/Jaded-Original-1507 +7) **ILA +12.50% -** u/WeatherOutside +8) **PPL +12.12% -** u/kshi451 +9)**NVA +11.43% -** u/DontDoTheDo +10) **NIC +11.43% -** u/raindog_ +11) **HT8 +10.53% -** u/jesustityfkingchrist +12) **DOU +10.53% -** u/zupahorse +13) **ROG +10.00% -** u/unbannable +*14)* ***MCL +10.00% -*** u/SolitaryBee +15) ***SPT +8.33% -*** u/The_Tempestuous_Man +1*6)* ***FGR +8.33% -*** u/Sheps11 +17) ***SRZ +8.33% -*** u/Sid_Arthur +18) ***ZIP (lol) +8.20% -*** u/Crackersnuf +19) ***HXG +7.69% -*** u/Wheresthecheesemoved +*20)* ***FMG +7.52% -*** u/ChZakalwe *(Didn't even loose well. smh)* +*21)* ***CTT +6.29% -*** u/danielbee94 +22) ***PEN +5.88% -*** u/Kurtastr0phe +23) ***BEX +5.88% -*** u/placeinyellowbin +24) ***VAE +5.44% -*** u/allozzieadventures +25) ***LMG +5.33% -*** u/Almighti3 +26) ***FIJ +5.26% -*** u/Placeoid +27) ***CGC +5.26% -*** u/A_Anderson151 +28) ***MPR +5.00% -*** u/doobmie +29) ***HIO +5.00% -*** u/Starchivoress +30) ***AMS +5.00% -*** u/cyclemk +31) ***HVY +4.55% -*** u/Randy_K_Diamond +32) ***ECS +4.55% -*** u/TrojanWabbit +33) ***CAN +4.35% -*** u/cw158 +34) ***LIT +4.17% -*** u/ineptis_mecha_cuzzie +35) ***FBU +3.99% -*** u/YouHeardTheMonkey +36) ***EXR +3.57% -*** u/Slaebe +37) ***DGL +3.29% -*** u/throw23w55443h +38) ***A2M +3.24% -*** u/Calm_Lengths +39) ***LLL +3.23% -*** u/cheeky-chesseburger +*40)* ***PBH +3.05% -*** u/timbot1988 +41) ***EOS +2.88% -*** u/PM_me_ur_bingo_nos +42) ***ADN +2.56% -*** u/Daihatsu_Charade +43) ***WMC +2.50% -*** u/Over-Broccoli-5133 +44) ***ERA +2.50% -*** u/Odd-Alternative-4241 +45) ***ANP +2.38% -*** u/username-taken82 *(damn, wanted to see you banned)* +46) ***CCX +2.34% -*** u/GeoSciFi +47) ***CDA +2.07% -*** u/MooCowLevel +48) ***MYX +1.79% -*** u/bruzinho12 +49) ***CEL +1.67% -*** u/Floor_Plan +50) **MPL +1.08% -** u/BZ852 +51) **MP1 +0.51% -** u/AltruisticCurtains + +Fuck me that was some effort. So 51 of you have lost today, and 106 remain. + +**29** dogs didn't move at all. Are any of them dead? Remember, dead Dogs don't race. Dog's that haven't moved all week (Trade halt exceptions apply for one week, unless they were in Halt prior to commencing and I didn't notice.)... + +**3 are dead**52) **SP1** u/gefickte **-** You're dog actually died this weel. RIP.53) **PHL** u/ken_oath_cunce **-** Not gonna lie, can't tell if this is just illiquid or dead.54) **NCL** u/NotAnAsicSpy \- Woof, now this is a dog. But seemingly dead. + +A couple of you need to come out of TH next week to stay in the game. + +u/mcfucking \- Pickled with your pick. Can't decide if it's 'moving' when people buy at 001 or not, since it's bidding price is 0. But people are selling it at 001. Thats a hell of a dog to me. + +Annnnndddd the good boys. I'm not listing all of you, you can check the spreadsheet if you need (assuming I attach the link). + +**Top 10 doggies by percentage loss.** + +1. u/*MUKLUK* holds his -50% top spot with **T3D's** single pip. +2. u/ImAsquirrel77 with a great -35.29% on **CLZ** +3. u/mison82 with -25.00% on **DW8** \- Dw8 a dog? Go figure... +4. u/rea_ with -24.17% with **BPM** +5. u/steaming_ham \-23.33% on **IVZ.** Fuck you 🕊️ +6. u/BlanketStatment_2_0 \-20.00% with **SBR** +7. u/Nevelo with -19.57% on **MYE** +8. u/The_Frag_Man \-16.57% with **IBG** +9. u/Damn369 got -15.38% with **G88** +10. u/ViewInternational465 \-15.15% with **BLU** + +[Here's a picture to the remaining people in green](https://ibb.co/gtxLPH9). Everything who ended grey i forgot to add you. Suck it up. + +I might make a new image for next week, and use the **top 3 losers/winner's** in the art. Hope your profile picks aren't fucked. + +And that's the rundown. Congratulations on everyone who proceeds to next week.**Note a new week is a new start point. The close value today is what needs to be beaten next week.** Your starting value will be kept for other stats. + +Can't believe I lost my game. I blame u/ChZakalwe. + +Edit. Fucking formatting +How do I make sure there is no money owed on a property before I buy? And what type of debts can be owed on a property that sticks with the property and not the previous owner? +I was looking at a cash refi and dropping some $ on a new property and renting my current one out. I live in Woodstock Ga and the market has been hot like other places. I’ve gained this in just 5 years and I’m leaning more towards renting my property for $2-2.2k a month which will give me about $500-$700 cash flow. And could pay for my HELOC that I’ll use to buy another house, which I’ll be living in. I was thinking of just taking out maybe 40k + +My Woodstock house mortgage is only about $1400. I figured worse case I sell my primary house and gain some MORE equity in 2-3 years. + +If you were in my shoes what would you do? + +My goal is to own 2 homes and rent my Woodstock house out for cash flow. +Tomorrow, the House of Representatives is voting on the infrastructure bill. I know you’ve probably read a thousand posts about this already but it seems like there’s one thing that’s been relatively under-discussed: the fact that 1099 reporting is going to turn reporting Bitcoin taxes into a **total clusterfuck** for the average investor. + +**What is 1099 reporting?** + +1099 reporting has existed within the traditional finance space for a long time. It's meant to help the IRS understand your non-employment-related income (like the income you get from stock trading). Brokers like Robinhood and eToro are required to send this info to the IRS to help identify people committing tax fraud. + +The infrastructure bill would require major crypto exchanges to report the same information. + +**What’s the big deal? My stock broker is already sending my 1099 information to the IRS anyway.** + +Remember, Bitcoin is *fundamentally* different from stocks. + +Bitcoin is meant to be transferable, peer-to-peer, and operate without the need for a third-party. That means that trying to force all of these traditional finance rules onto it is going to lead to disaster. + +Here’s an example that might help make this more clear: + +Jimmy buys 1 Bitcoin for $30,000 on Kraken. + +Jimmy transfers his Bitcoin to Coinbase. + +Jimmy sells his Bitcoin for $50,000. + +Since Jimmy gained $20,000, he SHOULD incur $20,000 of capital gains. + +However, Coinbase has NO IDEA what Jimmy’s cost basis for acquiring his Bitcoin was. Did he acquire it for $1000? $100? $60,000? Since the transaction took place on a different exchange, Coinbase doesn’t know. + +Coinbase is also under NO OBLIGATION to provide that information to the IRS… so they’re not going to bother trying to figure it out. + +They’ll give the IRS the information they do have: Jimmy sold his Bitcoin for $50,000. If Jimmy can’t prove that he actually bought it for $30,000, **he’s on the hook for the full $50,000.** + +And look, most people feel overwhelmed when it comes to navigating their taxes. There's a good possibility that Jimmy MAY NOT EVEN REALIZE that he’s paying too much in taxes until it’s too late. + +Jimmy can go to an accountant. But most accountants aren’t crypto-friendly and may not be able to provide much help. + +**“Whatever, we don’t know if the infrastructure bill is going to pass anyway.”** + +Unfortunately, it looks 1099-B reporting is coming no matter what. Even the “crypto-friendly” amendment to the infrastructure bill that was being pushed by Senators Wyden, Toomey, and Lummis would have required centralized exchanges to provide 1099-B reporting information to the IRS. + +**So what does this mean for you? It’s going to become WAY more important for you to track your Bitcoin transactions.** + +Remember, to avoid paying more in taxes than you actually owe, you’ll need to keep a record of all of your Bitcoin transactions. + +You can do this via a spreadsheet or use a crypto tax platform. You’ll need to track the amount of Bitcoin you sold, the time the transaction took place, and the price of Bitcoin at the time of the transaction. (I was using a spreadsheet to track my Bitcoin transactions for a while, but it got too complicated so I said fuck it and got started with [CryptoTrader.Tax](https://cryptotrader.tax/)) + +I hate the fact that this is an issue in the first place. Bitcoin is supposed to be about the little guy standing up to the established financial system. While already-rich whales are going to come out okay, filing taxes is going to be harder than ever for retail investors. + +**TL;DR:** Crypto exchanges often have no idea what your cost basis is. Requiring exchanges to send 1099 information to the IRS may cause the average crypto investor to pay WAY more in taxes than they actually owe. +As some of you know, the greatest investor of all time, no not Warren Buffet or Peter Lynch or Bill Gates, I am talking about Nancy Pelosi you bums. She has calls on Roblox, which reports its earnings next Wednesday. + +Remember, the genius Pelosi bought calls on Google before it split, bought Disney calls, which had spectacular earnings. Now her next move is Roblox calls, and it will no doubt go up or Pelosi will cancel Roblox. +I've followed a bunch of FIRE forums for a few years, was able to pull the trigger about 4 years ago. I see a very commonly recurring post about having difficulty switching to new patterns after the initial 6 months of euphoria have worn off. Here's what has bubbled up to the top after personal experimentation and chatting with friends in similar situations. + +First off, it's a pretty different mode of relating to yourself and the world, so don't beat yourself up for not nailing it right away. It took decades of conditioning to get into the 9-5 world and it will take time to decondition and find a different way of relating to your own desires. It's easy to fall into apathy when you have been habituated to external control signals and have thus been living in a very reactive fire fighting mode of life and suddenly those external controls are removed. It takes time and investigation to figure out just how many constraints have been removed, from where you live, who you interact with, and how you choose to spend your days. + +Introspection can be a double edged sword in this regard. Some introspective hobbies such as meditation, journaling, and creative endeavors can be some of the most worthwhile things you can do, but they can also wind up in a weird relationship with a kind of paralysis by analysis depression. It's pretty important as a social animal to find new ways of getting connection. Some activities that seem to be winners: + +Local activity groups like hiking, casual sports leagues, dancing, music or other creative endeavors: These things are awesome because they combine social with some kind of skill building that can be rewarding in itself. It was good to let go of grumpiness I initially had about these groups being people I 'wouldn't normally' interact with due to their personalities, personal achievements (or lack thereof) or especially age ranges. Especially for groups that meet during 'work time' 9-5 weekdays you'll encounter all types and age ranges. If you can get over the initial feeling out of place you'll find a lot to relate with people over despite differences. Artistic and maker type spaces are especially welcoming and it is a lot of fun to learn to build various things with your hands. + +With regard to new skills you are terrible at, I've found the more I let go of needing to reach a particular skill level the more I enjoy them. So when I take an art class I don't actually have an expectation that I'm going to get good at the underlying skill. I just go and enjoy the class itself for what it is. This was especially apparent with acroyoga. I realized I don't actually care at all about getting to the point to be a skilled practitioner who does freestyle with people or whatever it is they do. I just enjoy the guided class time itself. I'll also call out music in particular as a deep skill tree with a social and individual component and a lot of choices of which thing you wind up finding most fun. There's also research indicating that people are pretty bad at predicting what they'll end up enjoying. Inversely, you'll also find that some of the things you've 'wanted to do for years' just sort of fall flat and that you liked the idea more than the reality. Try more things! + +Adventure travel: Once I could travel I pretty quickly started noticing that traveling alone isn't all that much fun. Fortunately many other people find themselves in the same boat and one of the best solutions is to find yourself all in the same boat! What I mean by this is that there are companies that host group travel events. You may immediately think this is a luxury travel thing but there are low cost ones as well which, if anything, is more fun because you meet a broader variety of people and lends much more of an air of adventure than a perfectly air conditioned padded experience. E.g. there are groups that go out for multiday boating/camping treks. You can make great friends on this sort of thing and if you don't like some people, well after a week or two you never have to see them again. + +Becoming an organizer: after I'd done some of the above for a while I started to notice that there are lots of people who want to show up for events and not that many people organizing events. As a person with newly minted lots of free time I could be on the other side of this demand curve. If organizing sounds like no fun, well, no one says you have to do any sort of high commitment organizing. You can post for casual meets of things you're interested in. If no one shows up, just try again with something different. The best things of this form are things you would enjoy doing on your own anyway, so no real loss if a group doesn't coalesce. This is also the fast track to having a large diverse social graph as you not only meet lots of event attenders, but it gets supercharged because you wind up meeting other group organizers who themselves are also super social connectors. + +Somewhat related is volunteering. Every non profit perpetually needs help so it isn't hard to find a place where your efforts will make a difference. This one can be a bit more fraught because you don't want to be a 'fun part' charity tourist who shows up to play with the blind puppies or whatever and not to clean up dog crap and do paperwork. Keep an eye out for stuff that seems meaningful to you. + +Yoga and meditation retreats. Some of these are cheap or even free and they can be life changing. It can take time to find a group whose approach you vibe with, but that can be part of the fun of trying things. You can also just rent a cheap place, live off canned food for a time and self host a retreat. This is especially cheap if you go to vacation heavy places during the off season. + +Standard section about exercise, diet, sleep. Start investing in yourself to multiply your enjoyment of everything else here. A big thing for me was finding cardio I enjoy. Running in the woods is way more fun than running on a treadmill. Some people really get into cycling or swimming. My sister adores surfing, didn't start until she was in her forties, and doesn't try to 'get good' but rather just has fun. + +Speaking of which, make more time for your family and friends. Be the initiator of spending time together. This can feel a bit bad and one sided, but people are busy and in the same boat of wishing that others would reach out to them. This dovetails with some of the other stuff. You can make it easy for people to show up on their own terms if you let people know that you'll be doing X at Y time and others are free to join but the activity is not conditional on their attendance. Takes a lot of pressure off people. + +That's all I can think of right now. Will add more if anything comes up or based on questions etc. Hope this is mildly useful to someone! +**EPS**: $3.20 vs $2.94 per share, according to Refinitiv. + +**Revenue**: $7.97 billion, vs. $8.035 billion, according to Refinitiv survey. + +**Global paid net subscriber additions**: A loss of 970,00 subscribers vs. expectations of a loss of 2 million, according to StreetAccount estimates. + +**Q3 forecast**: We forecast paid net adds for Q3 of +1.0m vs. 4.4m in the year ago quarter. + +[Source](https://www.cnbc.com/2022/07/19/netflix-nflx-earnings-q2-2022.html) +I started seeing more and more comments about apes with multi digit shares holding on to 10% of their shares no matter what to allow all the single digit apes get their life changing returns as well. WHAT AN AMAZING IDEA!! This is such a caring, thoughtful and GENEROUS community. But this commitment to holding 10% back throughout the MOASS will also help the xx/xxx/xxxx holders from paper handing. If we ALL hold back 10% no matter what the LIKELIHOOD of reaching our individual floors (mine is $10mil) becomes so much greater! So thank you to everyone who started this idea. I am now the latest member of THE 10% CLUB and looking forward to my LIFETIME MEMBERSHIP!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +https://www.reddit.com/r/GME/comments/wkx8x7/follow_up_due_diligence_on_citadel_and_hong_kong/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Follow up to this apes post. I live in Hong Kong so thought I would go by and check it out. + +I went by this building. Confirmed the 23-25 floor is listed as AMTD in the lobby. + +Went into the elevator and it only goes up to 23 floors, so maybe it’s 2 stories and 25 floor is accessible internally. 24 floor may not exist as it’s Hong Kong and they think the number 4 is unlucky so they skip those sometimes (4, 14, etc). + +Tried pressing the 23 floor elevator button but it didn’t register. All other buttons worked. Looks like you need a key card to access. + +That’s it. + +So no confirmation the company actually exists. + +https://imgur.com/a/iPq2zJP + +Edit: +Added some images to the album. + +I count 20 stories in the main building on google maps. Subtract out GF, 4, 14 and that is 23 floors in HK. (Making some assumptions on 4 and 14, I didn’t check the other elevator). + +There is a bit at the top of the building that looks to be 3 stories, but from above on google earth, it is all aircon units and such. Maybe one functional floor. So if they skip 24 also, then maybe the lower part of the top bit is the 25 floor. + +I’ll go back and count in person sometime and check the other elevator. +Before the BTC hardfork in this August, ETH and other alt coins dropped markedly from mid July. This price movement has been later explained by the uncertainty in market. + +Now, many cryptocurrency gurus are talking about a high probability of another BTC hardfork in November (albeit, of course there are different opinions). How would you think about the price of ETH in October? + +In my opinion, while we will have Metropolis in October, the price of ETH may not go higher. because many people learned from the August hard fork that holding BTC is a good choice around this time (e.g., free hardforked BTC + increase in price of the legacy BTC). This may result in converting ETH to BTC. + +Any sentiment would be appreciated. +I have been holding ETH since before the DAO (year and a half). 20k to 900k (hold the applause). All along the way I've been following this thread, love you guys. Can we bounce some ideas on how to keep the IRS's dirty hands off this? I live in NYC, so even with long term I'm looking at 20% fed + 3.8% obama care + 6.85% state + 3.88% local. Hell I'm going to be writing a check for hundreds of thousands to Uncle Sam. I want any and all ideas. I've done a lot of thinking about this, here are some thoughts: +1. My father lives in another state with lower tax rates. Claim Ether under his name, have him pay taxes at lower rates then gift the money to me (still have to pay large sum to IRS). +2. Put the ether in a charitable remainder trust (this can get rather complicated and locks money up for some time. If you don't know what this is google it.) +3. Keep all my cash on an exchange and slowly make deposits into a couple checking accounts at different banks over long period of time (but with close to a million dollars this is high risk of an audit right? This would have to be at a very slow pace and all the while would be losing opportunity cost of investing elsewhere while money sits on exchange. But would save 30% in taxes. Am I really going to make 30% with my money very quick once I exit crypto? What are your opinions on the danger level and strategy with this option? Would love to hear an intelligent approach to this even given the risks) +4. Use ether to buy something that IRS wouldn't catch wind of. (I really don't know what though?) +5. Foreign accounts, foreign real estate (from my research it sounds like the days of Swiss bank accounts and Cayman Islands are not what they used to be. But I would love if this were not the case. Does anyone have any foreign ideas? Think about this way, we are talking hundreds of thousands in taxes. So if it takes 10, 20, or hell 50 grand to go abroad and figure something out its well worth it. And it sounds like fun.) +6. Hodl until the ethereum world computer takes over. I am an ether believer, I went to school with Joe Lubin's son Kieren. But I'm a realist, at some point soon I want tot take a little cold hard cash, and the IRS can get fucked. So hold your hodl comments, and help me stick it to the man. (Doesn't necessarily have to be an illegal idea either. Tax mitigation strategies welcome!) + +Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex. + +We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up. + +The theft is being reported to—and we are co-operating with—law enforcement. + +As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected. + +We will post updates as and when appropriate on our status page (Bitfinex.statuspage.io) and on the maintenance page. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach. + +**Updates:** As it stands, we are continuing to investigate the hack and understand exactly how relevant systems were compromised. We are also cooperating with authorities and the top blockchain analytic companies in the space to track the stolen bitcoins. In the meantime, we have been working on getting the platform up and running on a secure instance so that users can log in and see if their accounts have been affected as well as the state of their positions and orders. We hope to have an update with more substance later today UTC time. +*** + +FAQ: +How much btc was stolen in the hack? 119,756 +Was any LTC/ETH/ETC/USD stolen? No, only bitcoin was stolen. + +I'll continue to update this, but I'm going to go back to answering messages now. As I see questions come in i'll update the faq. +Since I'm incapable of making my own decisions and need an outside influence for everything I do: + +Bought in to FIJ in the low 20s on somebody's tip here (my fault of course). Currently it's around 9.5c. Surely nobody sees this going up again? I thought the management was good but I guess I was highly mistaken. + +Should I cut my losses or HODL. Give it to me how I deserve it. +https://www.aofm.gov.au/intermediaries/how-become-registered-bidder. +You are welcome to register as a bidder under the Australian Office of Financial Management's tender system and to bid your terms when they put forth a tender for Treasury notes. + +Instruction memorandum for the aforementioned product is here. +https://www.aofm.gov.au/sites/default/files/2020-08-14/Treasury-Note-Information-Memo-August-2020.pdf +I have been struggling off lately with desire to overtrade even after my weekly targets (~$1k) have been hit. This week I had the best trading week of the year (~$4k in profit) but still was tempted to trade today. Fortunately, got busy in work and didn't pull the trigger. + +My fear is losing several months of efforts. What are some of the ways to overcome this behavior? + +EDIT - thanks everyone for throwing in some great ideas! Enjoyed my long weekend which helped to get refreshed for this week. + +I will try 2 methods for starters based on overall comments +1. Take trades even after hitting weekly goal provided my trade setups appear with high vote of confidence. +2. Reduce position size for those 'additional' trades so as to not fear about heavy losses and still end up green for the week. + +Someone also mentioned about trading for specific time. For now, shelving this idea since my day job has different work load day to day so can't commit a specific time. +In early 2020, I decided to go to a Financial Advisor to try and invest my money wiser. I'm not very savvy when it comes it these things, but allocated $200 be put into an investment account each month. I sort of set it and forgot it, assuming it was doing what it needed to. I checked on it sporadically but never saw a return on it. After a year and a half, it only has a return of 0.06% so I reached out to close the account and move the money elsewhere. Well, it turns out that the money has just been sitting there as cash and was never put into the market. The FA apologized, said it was his mistake and oversight and that I could either keep it in the account and move it into the market as it should have been, or continue with closing out the account. I decided to close it. + +I shared this info with my boyfriend and he mentioned that this sounds like something that could warrant legal recourse. + +Should I just close the account and cut my losses or is this worth looking into? +My old financial advisor was so pissed I bought more and more gme at $40. He showed his cards and said "My boss asked me how I could let you do this...how I could ever let this happen...you invested all of it........you have to call him and tell him this wasn't my idea." + +This guy was in panic mode. He said he might lose his top 5 ranking in the firm if he was in charge of my GME finances. At the time, my GME position had him in first place 😎 +I said "Well I'm heavily in the green" and he was so angry, he yelled back "YOU'RE IN THE BLACK, it's not IN THE GREEN! ITS IN THE BLACK!!!" + +That's when we both realized I was truly retarded. + +And that's when I told him I doubled my position at $39 just like DFV. That was last spring, and I've since fired him. I passed on others I've interviewed, because they told me even though my avg is $90, I was still wrong for buying it and am still wrong for holding it. + +Lol makes no sense but there are bitter people with seemingly no direct connection to GME, and they are actively working to get it out of people's hands. Ahh good times....happy holidays to all! +Listen up, apes. Right now you are winning. You are winning because you hold GME and because others like you hold GME, and NO ONE IS SELLING. + +The shorts aren’t stupid. They have watched us here and on other platforms, they’ve hired the best consultants to analyze us, they’ve probably even run an informal focus group or two. And they have discovered that there is basically nothing they can do to get us to willingly sell our shares for anything under $69,420,000. + +So they have very likely hatched a new plan, a trap for all those red blooded, justice seeking apes among us. They have devised a bear trap to entice us into shorting RH so that they can set up a temporary stock pump that will result in margin calls for anyone short RH. + +And remember 002? You will be margin called and fast. + +And if you are margin called and cannot post the liquidity needed, your broker WILL sell your GME shares. + +Just look at the news. MSM coverage of Vlad’s fuck ups is as refreshing as it is suspicious. Why is this happening? + +To lure you into shorting RH and to force the sale of your priceless GME shares. + +This is not financial advice. It’s only speculation. But my intuition is buzzing on this one: shorting RH is a trap designed to forcibly acquire our GME shares. + +Think twice before you do it. + +Buy GME. Hodl GME. And avoid exposing yourself to any risks that will curtail your GME investment before the MOASS. + +Not advice, just speculation. +I was reading [this article,](http://www.budgetsaresexy.com/its-not-about-the-money-its-about-the-lifestyle/) which hit the nail on the head about what many of us are seeking. It talks about a certain standard and quality of life many of us are looking for. For some of us, we can only get that by having a certain level of assets. But for others of us, we have something like this, even without being rich. + + +My last job was my highest paying ever. But I felt like I was in jail, always stressed, no access to healthy food or outlets, and could not enjoy the money. I quit and am earning multitudes less, but love waking up everyday, looking at the mountains in the new city I moved to, going to work, and enjoying the city and country after work. + + +Just a reminder to keep our eyes on what's really important. +if you get assigned the stock, why do you hold the stock and sell calls, instead of just selling the stock and continue to sell puts. it seems like puts is a better strategy bc if the stock goes up you can buy back the put and sell another put. if the stock goes up with the call, you're SOL. I get the sense the reason people hold on to the stock to do the wheel is out of " it's not a loss if you don't sell" mentality. the wheel strategy seems a bit of a cope. if it's not, I'd like to hear if you have a well thought out and data driven reason as to why calls are better than just continuing to sell puts +Container freight is still at a high level. After the company's profit increased by nearly 8 times last year, it will continue the upward trend this year. It promises that future dividends will be between 30% and 50% of the annual profit. There will be a special dividend in April, with a dividend rate as high as 30% , Shareholders can make money while lying down! Founded in 1945, ZIM Integrated Shipping Services is one of the world's largest container shipping companies, ranking 10th in the world in terms of shipping capacity. + +https://preview.redd.it/2g3cw57b9hu81.jpg?width=1336&format=pjpg&auto=webp&s=023b3b969683f9ce00eae31f93e62bba3847ff25 + +As of December 31, 2021, the company operated 118 vessels (110 container ships and 8 vehicle carriers, 4 owned and the rest all leased); last year carried 3.48 million TEUs (20-foot-long container, which is also an international standard container unit), increased by 22% year-on-year; the average freight per TEU was US$2,786, a year-on-year increase of 126.7%. + +ZIM routes cover 304 ports in more than 90 countries around the world, with trade areas including Trans-Pacific (39% of total capacity), Asia (27%), Atlantic-Europe (18%), Trans-Suez (10%), and Latin Americas (6%). + +As the global economy recovers and import and export trade continues to soar, the stock has risen nearly 20% this year after more than tripling last year, while the S&P 500 has fallen nearly 8% this year. The company's latest market capitalization was $6.805 billion, with a dynamic price-earnings ratio of 1.47. + +https://preview.redd.it/7l6l4qwx9hu81.png?width=1566&format=png&auto=webp&s=3af639175d43fe5c03114ddc57ad478c8837125a + +**Profits increased nearly 8 times last year! Dividend yield up to 30%** + +ZIM's revenue in 2021 will be US$10.729 billion (including container shipping revenue of $9.698B), a year-on-year increase of 168.7%; its net profit will be $4.649B, a year-on-year increase of 786.92%. For dividends, the company is also extremely generous. In January last year, ZIM was listed on the New York Stock Exchange in the United States. In September and December of the same year, a total of $536M was distributed, accounting for nearly 8% of the current market value; it will also give each shareholder an additional amount on April 4. Dividend is $17/share, accounting for 30% of the current stock price! + +**Company route range** + +https://preview.redd.it/6vxwtfulahu81.jpg?width=878&format=pjpg&auto=webp&s=3233e9b100ce53c8ffffdaf73d205498635181ea + +Trans-Pacific: Covering trade between Asia, Southeast Asia, the Indian subcontinent, the Caribbean, Central America, the Gulf of Mexico, and the east and west coasts of the United States; weekly capacity reaches 24,217 TEU, and is also the company's main source of container freight revenue last year (up 54% ); + +Asia region: Asia region, Asia-Africa trade, with business in all Asian regions (China, Korea, etc.), Indian subcontinent, Africa and major international shipping ports in Australia; weekly capacity reaches 17,482 TEU, revenue in this region It accounted for 18% of the company's total container freight revenue last year. + +Trans-Suez Canal: Linking trade between Asia and Europe, with business in all major international shipping ports such as China, Eastern Mediterranean, Black Sea, Southeast Asia, India, etc.; weekly shipping capacity reached 7,888 TEU, and revenue from this region accounted for the company's total container freight last year. 13% of income. + +Atlantic-Europe: Including the trade between North America and the Mediterranean, the European region, and the Mediterranean region, with a weekly capacity of 10,232 TEU, and this region's revenue accounted for 10% of the company's total container freight revenue last year. + +Latin America: includes trade within the Americas, between the east coast of South America and Asia, between the east coast of South America and the Major ports have operations; weekly capacity reaches 3,495 TEU, and revenue in this region accounted for 5% of the company's total container freight revenue last year. + +**There are three types of containers transported by ZIM:** + +Dry cargo containers: Commodities, general cargo (not easily damaged); the company transported nearly 3.25 million TEUs last year, accounting for 93% of the total; + +Refrigerated containers: pharmaceuticals, electronics, perishable goods; the company transported nearly 173,000 TEUs last year, accounting for nearly 5% of the total; + +Special containers: heavy and large cargo, such as machinery, vehicles, etc. The company transported 59,000 TEUs last year, accounting for nearly 2% of the total. + +**It is expected that the annual dividend will reach 30%-50% of the annual profit** + +The company expects that it will distribute dividends between 30% and 50% of its annual profits in the future. Based on last year's profits, it will reach US$1.4-2.3 billion, which accounts for 20-34% of the current market value. The current global import and export trade is still booming, which means that shareholders can "lie down and make money", and its valuation is still very attractive after a sharp rise. In addition, as of December 31, 2021, the company's total liabilities were US$5.242 billion, and the debt ratio was 53.26%, which was within a reasonable range. + +**Continue to increase capacity, investment banks are also optimistic about it** + +On March 30, ZIM announced that it signed a long-term charter contract for six 5,500TEU new-build container ships with MPC Capital of Germany. The vessel is designed to be environmentally friendly, saves 40 percent of fuel, and is ready for a future conversion to carbon-neutral methanol power. + +CEO Eli Glickman said: "We are delighted to announce attractive newbuilding charter deals, securing modern and efficient vessels ideally suited for our expanded express service network as well as other regional services. We continue to advance our strategy of chartering Highly flexible vessels to strengthen our commercial prospects, maintain our flexibility and strengthen our position as an innovative marine provider." + +In addition, investment bank Jefferies raised the target price of ZIM from $100 to $120 in March this year, maintaining a buy rating, which is more than double the current share price. + +**Risks and Challenges:** + +1. Repeated epidemics and regional conflicts will interfere with cargo transportation and port loading and unloading; + +2. Consumer demand has slowed down, import and export trade has decreased, and freight rates have fallen; + +3. Fuel prices continue to rise, and the cost side is under pressure; + +4. In the shipping industry, acquisitions and alliances occur frequently, and competition is under great pressure. ZIM is more "alone". +For those that make enough / have made enough to cover living expenses, what do you do all day? + +Do you still work at your job? Did you quit? + +If you don't work, do you plan on working again? + +Do you indulge in pleasures often? Or do you continue to save and invest? + +What do you do all day? Do you go on crazy adventures like you fantasized about back when you didn't have as much money? Or do you still sit on youtube and reddit all day just like you used to? + +If someone has reached this point in their early 20's what advice would you give them if they still sit on youtube and reddit all day? +Guten Morgen to this global band of Apes! 👋🦍 + +I often get questions from Apes who do not have enough karma to comment or post on Superstonk. +Recently, a theme of these messages has tended to be along the lines of 'How can we be sure that SHFs didn't quietly close their short positions?' +While I am certainly not someone who has deeply inspected data to look for clues that prove that they haven't closed their short positions, what I do see gives me plenty of confidence. +I do not aim to convince anyone to see it the way that I do, but here are some of the things that make me so comfortable. + +First, there are moments where it is incredibly obvious that the SHFs are manipulating the price in response to an existential threat. +Last week, we bounced off of the 'Critical Margin Theory' line several times, each case marked by a savage price attack. +There was no news that precipitated these drops - the only trigger for the drop was exceeding the CMT price, and within 1 hour there would be a sudden drop. +It is clear that there are institutions who have the capacity to orchestrate such drops who are doing so out of desperation. +The simplest explanation, in my view, is that their short exposure to GME forces them to do so. + +Second, events such as Ryan Cohen increasing his position have given us data about what kind of an impact a large amount of buy pressure can have. +I do not see a feasible way that SHFs would be able to sustain a significant buy rate without driving the price upward. +Apes are not selling. +The SHFs created an enormous number of counterfeit shares back when the price was single-digits. +They have continued to fabricate shares at much higher price points, but they are hopelessly underwater on their original short positions. +They never intended to close these positions. +Why would they be closing at today's prices? + +Meanwhile, GameStop continues to thrive as a company. +The business is in remarkable shape, and is being run by passionate leaders who are focused on the long-term success of the company. +Short squeeze or not, this is still a great investment among so many companies that are in rapid decline. +The SHFs may hope that broader market economics will force many of us out of our positions, but I cannot think of a better place to invest my money. + +So do I have proof that the SHFs have not closed their positions? +No, I do not. +But there is still no greater investment in my mind than GME. + +Today is Tuesday, July 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$33.76 / 32,98 €** *(volume: 1652)* +- ⬜ 115 minutes in: $33.76 / 32,98 € *(volume: 1651)* +- 🟥 110 minutes in: $33.76 / 32,98 € *(volume: 1616)* +- 🟥 105 minutes in: $33.76 / 32,98 € *(volume: 1520)* +- 🟥 100 minutes in: $33.76 / 32,98 € *(volume: 1519)* +- 🟥 95 minutes in: $33.77 / 33,00 € *(volume: 1518)* +- 🟩 90 minutes in: $33.79 / 33,01 € *(volume: 1357)* +- 🟩 85 minutes in: $33.78 / 33,00 € *(volume: 1294)* +- 🟥 80 minutes in: $33.76 / 32,99 € *(volume: 1137)* +- 🟩 75 minutes in: $33.79 / 33,01 € *(volume: 1117)* +- 🟩 70 minutes in: $33.78 / 33,00 € *(volume: 1087)* +- 🟩 65 minutes in: $33.54 / 32,76 € *(volume: 816)* +- 🟩 60 minutes in: $33.46 / 32,69 € *(volume: 787)* +- 🟥 55 minutes in: $33.44 / 32,67 € *(volume: 772)* +- 🟥 50 minutes in: $33.44 / 32,67 € *(volume: 768)* +- 🟩 45 minutes in: $33.45 / 32,68 € *(volume: 755)* +- 🟩 40 minutes in: $33.45 / 32,68 € *(volume: 733)* +- 🟥 35 minutes in: $33.44 / 32,67 € *(volume: 733)* +- 🟩 30 minutes in: $33.45 / 32,68 € *(volume: 712)* +- ⬜ 25 minutes in: $33.44 / 32,67 € *(volume: 712)* +- 🟥 20 minutes in: $33.44 / 32,67 € *(volume: 710)* +- 🟥 15 minutes in: $33.45 / 32,68 € *(volume: 460)* +- 🟥 10 minutes in: $33.48 / 32,71 € *(volume: 452)* +- 🟩 5 minutes in: $33.52 / 32,75 € *(volume: 440)* +- 🟥 0 minutes in: $33.51 / 32,73 € *(volume: 438)* +- 🟥 US close price: $33.98 / 33,20 € *($33.50 / 32,73 € 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 1.0236. 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! +Good Morning Apes! + +GME having another low volume climb in the pre-market again today already up $2.50 from close. + +Usually at this point in the week we could expect exposure to be covered and the price to begin drifting down but instead our volatility seems to be picking up. Slowly inching up each day since that bounce on the EMA 30 a couple days ago. Maintaining a consistent uptrend since the 10/25. + +[GME trend on the 4h](https://preview.redd.it/94z60g7q4d081.png?width=1612&format=png&auto=webp&s=608589b5dd966d9c7d1117c865b5dd8d9074a0ba) + +Now if the are done covering gamma exposure we have previously seen them drop the price hard over these next 3 days in the cycle, however if the illiquidity is significant enough and call interest continues to remain high we may get something more akin to May where the price climbed slowly into the first ETF exposure date. + +[MOASS the Trilogy: Book One](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +Video on my current theory ... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +Well an entire 7 hours for a .12 cent gain...worth it. GME holding 210 like a champ. + +[GME consolidating nicely within this wedge](https://preview.redd.it/gkdf9csb5f081.png?width=1612&format=png&auto=webp&s=921f601c7c8ca1b287bd7000b3ff128a0a911635) + +As we move forward into the exposure date T+2 from tomorrow this makes the highest price we have ever entered this period of the cycle on this same day in August we traded as low as 155. This presents significant potential for the expected price action. + +https://preview.redd.it/uk39vqr05f081.png?width=684&format=png&auto=webp&s=1fccda2c491e7fc92ef6dd2484b112374b9c4bd3 + +Thank you all back to the DD for me... + +\- gherkinit + +Edit 4 3:47 + +https://preview.redd.it/y4kxre572f081.png?width=498&format=png&auto=webp&s=29889e777b48f1bcb29390d3f45e4d28335d2759 + +Edit 3 2:23 + +Forgot again sorry watching the price slowly fall today and answering questions has me distracted but it looks like we are heading for that lower support as expected. + +https://preview.redd.it/np28z1aane081.png?width=1621&format=png&auto=webp&s=dfc89e73c349a9268467cc00565316aca8e63d7d + +Edit 2 12:10 + +So sorry I got caught up with chat and questions on YT. We are still trading along VWAP after testing the upper trend on this short term wedge. we could continue to fall towards the bottom trend but are currently holding VWAP. + +https://preview.redd.it/h9h51vxqzd081.png?width=1618&format=png&auto=webp&s=094e6aae4341e8a4f99c59d2300a2ee2396cc4cc + +Edit 1 9:48 + +Small dip at open and no volume and price continuing up this reminds me of the same days in the may cycle from 5/20 - 5/24. This weeks consistent growth could be an indicator that they intend to roll. + +https://preview.redd.it/h1r5ezmgad081.png?width=1612&format=png&auto=webp&s=4e87c4bb88cbc5807f8e2e8be5ea1db8e794ed14 + +# Pre-Market analysis + +Small dip at open and steady climb since, no local gaps too fill. + +Volume - 16.14k + +Shares to Borrow: + +IBKR: 100,000 @ 0.7% (200,000k borrowed this morning) + +Fidelity: 1,334,592 @ 0.75% + +Shares borrowed indicate some shorting at open. It would be ideal for them to drive the price down today and tomorrow to reduce exposure on the GME monthly and ETF quarterly options. Who's gamma we expect to move the price next week. + +[GME pre-market 1m](https://preview.redd.it/vz3s1uzk6d081.png?width=1617&format=png&auto=webp&s=ef8aaffdc1001a1424883ece8034d7eca3252942) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Everyone in the sub knew that Hood would fail. Hood is a Griffin Project. + +Remember the testimony? + +[Gabe](https://preview.redd.it/050nl3rbguk81.png?width=656&format=png&auto=webp&s=cd9c70d9555e3f5a1f7155436502787fd35b936e) + +[Kenny boy Mayo Man... ](https://preview.redd.it/58fjkl8gguk81.png?width=506&format=png&auto=webp&s=7ca0dd3efb80a16b52c9205b8563d7077c8dda0d) + +[When I was a boy in Bulgaria... ](https://preview.redd.it/no7h2rukguk81.png?width=642&format=png&auto=webp&s=3b2cbd68f881ea7a843402a5404194225c01a35c) + +**TL:DR: Some rumors Ken wants to sell Citadel thru IPO. This means he sells Citadel in the form of IPO and issues shares to investors... Ken makes $20bn and walks away... His co has a valuation of $22BN (which is fake and fraudulent) - This IPO can not happen...** + +The SUB Was clued in and called it... see the screen grab from Reuters below... + +[Superstonk Apes knew HOOD was fraudulent... ](https://preview.redd.it/2c2lqc1rguk81.png?width=1298&format=png&auto=webp&s=411b97700689e5d87ee1a3c868e6fad9aa6413d8) + +**But nobody listens to apes...** + +And Robin Hood Stock tanked and is about to go out of business... + +[HOOD All time Chart... ](https://preview.redd.it/k5jjhx72huk81.png?width=1886&format=png&auto=webp&s=e47bc1c3d305da5e15630ef79e003e90cc6fbcf5) + +People paid $70 for this and it trades around $12... This is a Ken Griffin Project.... + +**Reuters Pumped the Hood IPO...** + +[https:\/\/www.reuters.com\/business\/finance\/robinhood-aims-up-35-bln-valuation-us-ipo-2021-07-19\/](https://preview.redd.it/ynm4klrdhuk81.png?width=1358&format=png&auto=webp&s=ff92bb85c2e7d973dc0e415a88f09533de2504d4) + +Side note: **Ryan Cohen and GME are hyperfocussed on customer service...** + +Its a Ken Griffin Project... + +Robin Hood lost about $20bn in market cap in Less than a year - and all the investors who bought and hold got burned - Why did the SEC let this company public? + +It turns out - the SEC doesn't have to say if an IPO is good or bad - just that the information is correct - Well... its documented this time... If Citadel is allowed to go public without closing their shorts and liabilities - its one of the biggest public fraud(s) to ever take place. + +**Melvin - is a Ken Griffin Project...** Hows Melvin doing? + +[Ken took money back, Gabe lost $6bn last year... ](https://preview.redd.it/6w1wnpr3iuk81.png?width=1344&format=png&auto=webp&s=2ac2253589672be2707f38737bf6115e761c3f8a) + +[Gabe went Long Only here... ](https://preview.redd.it/n2ity5gbiuk81.png?width=2052&format=png&auto=webp&s=cd7030a9c38d3add8324e796a632b0daea8a0635) + +Because his investors that still have little trust in him said "no more shorts" - Now Gabe and those investor's are trapped in his new long only fund... trapped with Ken and Vlad... + +**And Gabe lost $6bn last year -** + +https://preview.redd.it/35y2yeriiuk81.png?width=1310&format=png&auto=webp&s=f1f77d40c8d532f33799ccb18a85e6ef6ad268d9 + +HOOD and Gabe lost $26BN - Citadel has not even closed their shorts - the mess these three have caused is next level and needs to stop. You think this guy can sell $65bn worth of fake shares then piss off? Whats the world come to? + +**tl:dr: Citadel is in no shape to come public. If they let Ken dump Citadel to the public, so he can run away with $20billion. this will be the biggest RICO crime yet. In no way. is it in any interest for anyone - for Citadel Securities to come public.** + +It does tie in nicely to another post i did 1 month ago - + +**How Robinhood became the sacrificial lamb that has given Citadel their last ounce of air... MOASS begins when HOOD hits $0 or files for bankruptcy...** + +[**https://www.reddit.com/r/Superstonk/comments/se92fj/how\_robinhood\_became\_the\_sacrificial\_lamb\_that/**](https://www.reddit.com/r/Superstonk/comments/se92fj/how_robinhood_became_the_sacrificial_lamb_that/) + +Fuckery everywhere... +Currently make 70k for a large company with about 4.5% 401k match and ~20 days PTO+sick off the year. It’s a 1 hour drive once covid ends but may be able to negotiate WFH. Only been here for 5 months. + +New company is a much smaller company offering a much better title with 90k salary, 2% 401k match about 15 PTO+sick. It will be officially WFH from now on. + +I enjoy the work I’m doing now and I also think my current job industry now will be in high demand for the next 10+ years but it is niche so less available opportunities but high demand (but could easily find a job in any major city just not as many as the other role) The new role is in a different job function but within the same overall industry with more current opportunities and job function has less growth in the future. Both roles I’ll be primarily responsible for content development (ie slide deck development). + +I also have a mentor in the new company who has been a great help and is a great connection. So personal development growth in the new company could be exponential + +To get to 90k in my current role will probably take 2-3 years if I stay at my current company but could probably hit 85k if I switch to a new company in 1-2 years while staying in my current job function/industry + +Could probably always switch back to current industry as skill sets are highly transferable and only difference is that current industry requires a more specialized knowledge set. + +TLDR: new company is offering +20k salary with slightly less benefits and is in a different industry that has almost been fully developed(compared to high growth in current industry). Personal growth/moving up the company ladder will be better in new company too + +Leaning toward new company but what are your thoughts? +I want to preface this post by saying I am a 20 year old living in Australia with limited financial knowledge. + +My situation is that I have been lucky and inherited 65000 dollars from an Irish relative who passed. The money was originally inherited by my uncle in Ireland before he transferred it to my parents where it is sitting in one of their accounts waiting to be given to me. + +I am a university student with a job and I am able to pay for my immediate expenses with the money I earn. I have university debt and I am only half way through my degree. I want to place the money somewhere that I can leave it while I educate myself better about finances and what I want to do with the money. I would like to be able to access the funds though should a situation arise as my situation is not completely stable. + +Right now I feel as though I will likely open a new savings account and place it there. + +I want to know what people here would do in my situation? + +Are there options I am not even aware of? + +Are there any risks I should know about when moving money around? + +What is the best area of finance to educate myself in for the immediate future? + +Thanks in advance and apologies if my post is poorly formatted or naive, I sadly am very inexperienced when it comes to finance. +My father passed away about a week ago from Covid. He was 65. My mother is unsure if he filed for Social Security. I have a question : If he didn't file (or hadn't finalized all his paperwork) is my mother still eligible to collect his benefits? Thanks in advance, we've never had to do this before... + +Edit: thank you all so much, really helped put our minds at ease! + +Edit2: my apologies if it sounded like I was trying to get free services. Just wanted to know if a kind pro would point me in the right direction. Thanks again! +I want to put some of my portfolio share(up to 30-40%) into fund like SMT, ATT, Smithson, BRGE, Bankers? What do think about these, and is there any other trust you like? + +Edit: Higher risk than in VWCE! It is about outperforming S&P500 or World index. +I have inherited 150,000e which I do not need any time soon. +I intend to hold and to have regular contribution of at least 100e for next 40y. + +I have asked for help on Croatian r/financije sub, and this is only "proper" answer I got, + +150,000.00€ + +Instrument | percentage | price +:--|:--:|--: +ETF | 60% | 90,000€ +Share | 30% | 45,000€ +Crypto | 5% | 7,500€ +Cash | 5% | 7,500€ + +**ETF** 90,000€ + +Name | percentage | price | qty +:--|:--:|--:|--:|--:|--: +VWCE | 60% | 102€|529 +IUSN | 15% | 6.2€|2109 +IS3N | 15% | 30.15|448 +3FNG^* | 10% | 5.4€|1667 + +3FNG is ETC + +**Shares** 45,000€ + +Name | qty | dividends | year dividend +:--|:--:|--:|--:|--:|--: +AAPL | 25 | 0.51%|22.7 +MSFT | 15 | 0.82%|38.75 +GOOG | 1 | x |x +AMZN| 2 | x |x +INTC | 57 | 2.79% |83.09 +MBIN | 155 | 0.98% |44.05 +V | 20 | 0.69% |31.46 +WM | 30 | 1.64% |76.75 +BMY | 80 | 2.98% |135.89 +SOFI | 110 | x |x +EDIT | 250 | x |x +Ukupno |44,932.75€ | x| 432.69$ + +All stocks at 10% except EDIT & SOFI, 5% each +Didn't valculated currency exchange, so it is all approx. +Dividends would go in reinvestment + +**Crypto** 7,500€ + +Name | percentage | price +:--|:--:|--:|--:|--:|--: +BTC | 30% | 2,250€ +ETH | 30% | 2,250€ +Monero | 30% | 2,250€ +Rest | 10% | 750€ + +I have appointment with financial advisor, but I'm sceptical towards them, I think that in Croatia they are glorified salesman and will probably lean towards their funds + +Is this good start, and should I lean towards something like this? Or maybe something else. + +Many Thanks +Is really objective analysis ? + +Source \[EN|FR\] : [https://www.keytradebank.be/en/support/articles/926-are-you-investing-really-globally-with-a-tracker-on-a-world-index/](https://www.keytradebank.be/en/support/articles/926-are-you-investing-really-globally-with-a-tracker-on-a-world-index/) + +>Nowadays, investing in trackers is more popular than ever, not least due to their attractive price. One of the most bought is the tracker that follows MSCI World Index. In recent years, it has been seen as a great investment. But is that still the case in the absence of any form of diversification? What's more, you know that past performances are no guarantee for the future. +> +>Listen to a number of leading Belgian investment specialists, and you'll often hear a call to invest in ETFs. Warren Buffett, for example, advised his heirs to plough the largest part of his assets into an S&P 500 tracker. Why is this? +> +>There are various advantages associated with tracker investments, with price being top of the list. It is true that they are much cheaper than traditional investment funds, which is why people are often advised to invest part of their savings in a worldwide equities tracker. And why not invest in the MSCI World Index? +> +>Investors who have decided to do so certainly aren't complaining, as the MSCI World Index (in euros) has achieved a good average annual return of around 10% in recent years. This can partly be explained by the high exposure to the American stock market, and partly by the gains made by the dollar against the euro. Even so, investors would be wise not to extrapolate this data and forecast a similar performance in the future. +> +>Allow us to explain. When you invest in a tracker following the MSCI World Index, you invest indirectly in the American stock market. Graph 1 shows that the US makes up around 64% of the index. In other words, investors in MSCI World Index link their fate to the performance of American equities. **When you then see that an economic powerhouse such as Germany is not yet among the top five most important countries, diversification in this tracker is at a very low level.** +> +>Graph 1: Geographical distribution of the MSCI World Index Source: MSCI +> +>But why do we champion diversification? +> +>Well, on the one hand, the American stock market is regarded as expensive according to traditional criteria (such as the price/earnings ratio). This, in turn, means lower expected returns for US equities. However, a changing of the guard seems to be around the corner – the European stock markets and the emerging markets in particular (such as China and Russia) have disappointed in the last decade compared to the American stock market. It would therefore be probable that the rest of the world could perform somewhat better in the next ten years. If you invest in MSCI World Index, you will not receive optimal returns. +> +>**Don't put all your eggs in the American stock market's basket.** +> +>Build a global portfolio containing the US, Europe and emerging markets. You'll be sure to find a suitable tracker for all of these equity markets. By diversifying in this way, you'll also ensure lower risk. Being forewarned is forearmed when it comes to investing! + +I don't know the "Europe" or "EMU" country weight in the MSCI world, **how to find them please** ? + +So, a portfolio following the above recommendations to be more EUR exposed could be contains (with the percentage with which you feel consistent) : + +?% MSCI World ex Europe or MSCI World ex EMU +?% MSCI Europe or MSCI EMU +?% MSCI EM + +I don't know if there is a big difference between choose MSCI Europe & MSCI EMU for 20 years investment. + +From MSCI website values, I've grouped together the country weight charts MSCI index we are talking : [https://imgur.com/a/4lCPC3F](https://imgur.com/a/4lCPC3F) + +*(If I'm not saying stupidity, I've noticed that according to the ETF the % of country weights can be different from the MSCI index.)* + +In other /r/eupersonalfinance posts many say that the msci world already contains the right exposure to Europe even for a european. +Difficult to take things into consideration... +Good morning, + +I have read and heard we can't trade the ARK ETFs in Europe but I am on IB and I can see all of the American ETFs it will also probably allow me to buy some although I am EU based. What is the trick with this one? Also some people mentioned that because IB provides fractional shares you can actually buy American ETFs. If that is true what is the caviat? +I’d like to hear your thoughts on the pros and cons of paying off a home early. + +My jobs give me decent income for 1 person to live. therefor I'm saving some money each month. Right now I have 50K euro sitting in KBC saving account collecting dust + +&#x200B; + +Since I get little to zero interest in my saving account I was thinking maybe paying the mortgage fully next year or 2 + +and just be debt-free. + +the house is currently rented to a family, getting 850 euro monthly from that + +living with my parents + + +\-earn between 2000-2300euro + +\-collecting rent 850euro + + +\-bought the house at 100K + +\-2.45% fix interest + +\-800euro/mortgage + +\-currently open mortgage 67k (7yaers 3months to go) + +\-300euro total expenditure for all other things + +&#x200B; + +Did anyone pay his home early in BE? +does the yearly tax hits hart? +any other idea to put that amount of money to work? + +My plan here is to be debt 'free' and do a part-time job so I have more time for my own life +New to investing and have done some research. What I found is that most people suggest S&P 500 as the go to ETF but is that still true for us European people? +Hi, + +Hope you are doing great today! I'm new to investments, I made an account on Avanza. +I'm looking to buy some bonds because I want to have a fixed income, but I'm not sure what are the bonds called here, for example, how I can find government bonds? or Swedish bonds? + +I want to buy an asset, not a fund. +Thank you!! +I'm not sure where exactly to start looking for information about this topic, so please point me into the right direction. + +Some context: I'm a Romanian citizen working in Romania. Due to personal reasons, I plan to live for 6 months in France, while keeping my current job as I work remotely. + +What laws and regulations should I be aware of? Do I need to notify any French institutions that I'll be working while staying in France? Do I need to pay taxes in France as well? +My partner and I have been living for almost 2 years in Vienna. We are currently renting an apartment here for \~1k€/month. As our financial situation seems to be on a steady track, we are considering to buy an apartment for ourselves. Our situation is as follows: + +We are both expats here (EU citizens), both working office jobs. Together we bring home \~5k€ a month (after tax), paid 14 times a year, according to the austrian law. We also have \~70k€ saved up. We don't have any other loans or major expenses and we live in general a rather frugal lifestyle. + +The apartment that we are considering costs \~450k€. However, as we quickly found out from the real-estate agent, another \~10% needs to be added to this as initial costs for purchasing the apartment. After a talk with a financial adviser he mentioned that another \~5% needs to be added as commission fees for opening the loan + bank fees. + +&#x200B; + +So, my main question would be: given our situation are we overstretching with a 450k€ apartment? Is this a good idea, financially speaking, or are we going into too much debt? + +Also, does somebody else has experience in dealing with mortgage brokers? How do they operate and how are they able to obtain better interest rates for their clients? The guy that we talked to asks for a one time 2% commission fee, which seems like a large sum. However, if indeed he can negotiate a lower rate then I guess that sum is easily covered over the years. + +I would appreciate some inputs and ideas. Thanks! +Hi! I am a German resident and I have 50k euros I am currently keeping in a very low yield account where I earn 0.5% yearly interests. I am not investing this money because I plan on buying an apartment in the next 2/3 years and I would be using it as a down payment. Currently it doesn’t look realistic that I will find a better or at least decent savings account in my country. Therefore I started to think about investing this extra money on something with low risk. Given my situation, would it make sense to put that extra money in a minimum volatility ETF such as [iShares Edge MSCI World Minimum Volatility UCITS ETF USD](https://www.justetf.com/it/etf-profile.html?isin=IE00B8FHGS14#overview)? I understand that the ETF I linked has some non null level of risk and I am keen on taking it. + +Fir the records: I am under 30 and I have a portfolio of about 50k invested in higher risk assets. As part of that, I invest 1000 euros monthly in VWCE which makes about 70% of my more risk oriented portfolio. +TLDR; After almost a full year of trying to get my money from closing an account with my credit union, I finally received it today because I filed a complaint with the CFPB. + +In February of this year, I closed an account with my credit union because I hadn't made any transactions with them in years due to having no locations in the area I moved to. The initial interaction with staff was pleasant. They were able to close my account and they assured me a check would arrive within 2 weeks to the new address I provided to them. I waited the 2 weeks and nothing came in the mail. I called back the credit union and the representative was apologetic and said to wait just a bit longer and call back if nothing changed. She gave me the check number and told me to keep an eye out for it. But, if I wanted them to send me a new check, I could fill out their forms and cancel the original. + +I took a look at the forms and there were two issues I had. 1. They required it to be notarized, which would cost ME time and money for an issue that wasn't my fault. 2. It was an indemnity form. So, if for any reason the original check got cashed, even after putting a stop on it, the responsible party to pay would be ME. Again, for something that wasn't my fault. I refused to sign it. + +I waited the 3 months for the check to be invalid on it's own, and no one had cashed it. It was lost in the mail. I called back the credit union AGAIN and spoke with someone new. She, again, was very apologetic and assured me she would issue a new check and it would arrive in \~2 weeks. No need to sign the forms to stop the check, because so much time had passed. + +"Great!" I thought. I hung up and waited 2 more weeks. And no check arrived. I decided to wait another 3 months so the check would expire on it's own again so that I wouldn't need to go through that whole process of arguing against signing that indemnity form. + +3 months go by, no check. Once again I called the credit union and spoke with yet another representative. She informed me that no check was ever re-cut or re-sent 3 months ago, the previous rep had lied to me. This new rep said that because I never signed the indemnity form, they couldn't re-cut a new check. I asked to speak to a manager, because at this point I was angry and felt like the bank was jerking me around. She refused to let me speak to a manager and insisted she could handle it. She kept talking over me and was rushing to get me off the phone. Eventually, she said that they would waive any fee associated with getting a new form signed and that a new form would be sent for me to fill out. I was frustrated and agreed and hung up. + +The form she sent me was THE SAME FORM from before (she gave me the impression it would be something different). I was furious at this point and went to my husband to rant. He was able to calm me down and insisted I report this issue to the CFPB. So, I did. After, I sent an email to the newest rep stating my disappointment. I stated that she refused to let me speak to a manager, refused to listen to my plight, and she wanted me to repeat steps I had already taken; I told her that I reported the issue to the CFPB. She responded within the hour stating that she never said I couldn't speak to the manager, basically called me a liar, and was over-all nasty. We sent a few emails back and forth and neither of us budged. I left it as is and waited for a response from the CFPB. + +They were saints. They didn't cover closed account issues, but opened a new case for me with the National Credit Union Administration (NCUA), who in turn also didn't deal with those issues, who then forwarded it along to the Colorado Department of Regulatory Agencies. From the time I submitted that request, to today (about 2 weeks), I finally got my money. The credit union sent a FedEx priority mailed check, with a letter of apology AND 8% interest for the 11 months I was without my money. I wish I summitted that issue a long time ago. + +I'm relieved to have my money and can put this all behind me. But, a few tips for anyone in my shoes: + +Transfer as much money out of your account that is allowed (if there are minimums to keep it open) and THEN close the account, once you have the money cleared in your other account. + +Make frequent calls. Don't assume the representatives actually followed through on their actions, follow-up frequently yourself. + +Contact the CFPB if they refuse to work with you. I can't stress this enough, I'm confident this is why my money was returned to me so quickly after I submitted that issue. + +Best of luck to you all, and thanks for listening. +Hi all. Throwaway account, apologies. Looking for advice: how do people think about mortgages in the economics of a FIRE decision? + +NW of c. $10m, and am considering how "safe" it is to RE. I have a mortgage on my primary property of approx $1m. Rate is 2.5%, and clearly I expect my portfolio's returns to exceed that number. From a simple returns perspective it of course makes sense to retain the mortgage and keep the funds invested. + +However, when considering pulling the RE trigger, there's more at play. If I maintain the loan, then once RE'd, I would continue to repay my mortgage monthly, and the repayments are required to be factored in to my withdrawal rate, which is as a result higher. Given a SWR of (say) 3.5%, that effectively requires that I maintain 28 years of the mortgage payments in my invested NW. + +This seems inefficient. It might mean that I'm setting myself a NW target which is unnecessarily high. + +On the other hand, I could sell investments, repay the mortgage and have a commensurately lower annual spend and hence required WR. But miss out on growth on the $1m. + +Live in a non-tax jurisdiction so no tax considerations here. + +This is a great community and I imagine others will have thought through this before. What's the right answer here, or are there any other materials that I might review to help with this decision? +Ticker SQ + +Payments company Square has invested $50 million into Bitcoin, according to an announcement today. It has bought 4,709 Bitcoin, with one percent of the company's assets. + +&#x200B; + +> “We believe that Bitcoin has the potential to be a more ubiquitous currency in the future,” said Square’s chief financial officer, Amrita Ahuja. “As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.” + +Square is owned by Jack Dorsey, **the CEO of Twitter** (and enthusiastic Bitcoin advocate). Square also owns CashApp, which has been offering Bitcoin for some time now. Dorsey has previously said that he regularly maxes out the weekly Bitcoin buy limits on CashApp. + +Square has been investing in crypto for some time. It set up Square Crypto in March 2019 to support the development of the Bitcoin network. It has handed out a number of grants to Bitcoin developers and companies working in the space. + +This investment follows business intelligence firm MicroStrategy buying $200 million of Bitcoin as an investment, before buying another $175 million of Bitcoin. + +&#x200B; + +source [https://decrypt.co/44319/square-invests-50-million-in-bitcoin?utm\_source=reddit&utm\_medium=social&utm\_campaign=sm](https://decrypt.co/44319/square-invests-50-million-in-bitcoin?utm_source=reddit&utm_medium=social&utm_campaign=sm) +I live in Missouri, and my company was just acquired 5 months ago. I was hired on for a new position, and was given 0 on-boarding or expectations, sales goals, etc. No employment contracts were signed. My supervisor has only told me great things about my work, and has told me repeatedly how excited he was to have my knowledge on the team. A business partner of my supervisor told me today I wasn't meeting expectations at the company and would be taking a 28% pay cut. I will also be working for him part time, and my other employer part time. (They both share partial ownership in the other's company) + +I know are there are some red flags here but I'm mostly wondering: +If I accept the pay cut, will it greatly affect my future salaries? +If I decline, can I file for unemployment? + +This was sort of a bomb shell for me, not really sure how to proceed. Any advice is greatly appreciated! +We need to make a MUCH bigger deal about this! We all know a stock split and a split dividend are not the same thing. We have verification from all brokerages that it was ordered as a regular forward split and they didn't receive the shares that would be needed for a split dividend. This is a HUGE deal! If this was Google or Apple, it would be the biggest scandal in the world! But because the financial sector has purposefully labeled Gamestop as a "meme stock", nobody but us gives a shit. What do we do to expose this now?! +Hi guys, first time poster here! + +I am an extremely lost 29 year old female, and feel like I’m drowning when it comes to my finances. I have a good job earning £27k a year, and I rent a flat on my own. After all bills (household, phone bills, pet food etc) I have just over £200 a month. That £200 is for my food and ‘spending’. I’ve done a budget on a excel sheet but I’m always ending up in my overdraft because the £200 doesn’t go far. I’ve cut out all subscriptions and shopped around for lower bills and there is nothing more I can lower. + +I also have a £3k personal loan I got to consolidate some debt a while ago which I pay £100 a month towards, and my credit card is maxed out at £500 which I’m struggling to pay. I also don’t have a penny in savings because I’ve never had enough money to save. + +I literally have panic attacks thinking about how I’m never going to be able to buy a house. + +Luckily I’m not much of a socialiser, but I would just love some extra money to maybe buy some new clothes once in a while. + +I work 50+ hours a week so can’t get another job so just don’t know what else to do!! Maybe to just feel like I’m not alone?? +Someone asked her if apes gave all the data, would she be willing to put it together to hand to the SEC in the format she is recommending. This sounds like a great opportunity!!!!!! How can there be deniability from the SEC that they did not know after a former SEC chief hands them the entire booklet. I wish I understood the DD so I could hand it to her. But if a couple of our more wrinkled apes could collaborate and put it together for her, she said she would take it from there. She said we know how to contact her and that she would do it. Feels like if we don't, we are missing a great opportunity. Also, those wrinkled apes that work with her will prob learn a ton more by just working with her and being able to ask questions. +Good day my beautiful apes! I hope this day finds you Zen and well hydrated. I had a bit of an epiphany last evening, during my evening superstonk sesh. I think I decoded a recent Pulte tweet. I wrote a comment. The comment got some traction. I thought I should write a post. Here is Pulte's tweet: + +>Wall Street Analysts and Reporters are missing a crucial piece of the puzzle but I have a feeling I know *who* helped and I won’t say. No surprise. Brilliant move. $twtr- Pulte on Twitter + +https://twitter.com/pulte/status/1518673548524486656 + +Who is Pulte talking about ? What is the missing crucial puzzle piece? Who is brilliant? I think I get it. + + I believe "the who" Pulte is talking about is short sellers. By abusively shorting $TWTR and suppressing the share price, short sellers have inadvertently made Twitter affordable to Elon Musk. FINTEL reports that Twitter has 38M shares shorted or 5.71% of the float. We can guess that the real short interest is much higher. + + I believe that Twitter's suppressed share price is the "missing crucial piece of the puzzle." Musk would not be able to afford Twitter if it were trading naturally. Abusive short-selling is Walls Street's dirty little secret. Insider analysts cannot report on it and remain employed. + + It's is a "brilliant move" on Musk's part. He pulled a reverse uno on the dumb storm troopers of short selling. I gotta admit, I'm warming up to Musk a little. + + Thanks for reading! Love to all y'all. Obligatory buy, hold, DRS, vote! See ya on the moon! +Hey /r/personalfinance, long time reader here and I wanted to share this news with you since I can't/won't tell anyone I know IRL. + +To make a long history short, I bought a condo 10 years ago, and was scared shitless when I saw the paperwork that shows how much you'll pay for a house over a 30 year loan. That day I made it my life's goal to pay off my mortgage and be in control of my finance's. I never in the 10 years paid my mortgage value as-is, I ALWAYS paid extra. Whatever was left at the end of the month went to the mortgage. Sometimes it was $50. Sometimes it was a couple grand from a tax return or work bonus. Either way, I made it a habit from day one that I wouldn't buy anything frivolous before I paid off debt. I did buy/sell a couple houses along the way. I made some profit from sales, I used some stock market money to help pay it down as well, and I've had a good paying steady job for the entire time. + +This afternoon I had more in my checking account than my mortgage was worth. I stopped in at the bank and made the payoff. The teller was a little shocked, but mostly didn't say anything. I'm fairly young (early 30's) so its probably rare, but I worked my a$$ off to do this. I often skipped fancy vacations that my friends took, and didn't go out drinking every week like many still do. + +I now own my house outright. It feels freakin' amazing. Knowing that come next month all the cash will be coming in with no payment to make is about as freeing as it gets. + +As they say, I'm a Mortgage Free Man. http://i.imgur.com/MlOXu.jpg + +Hi all. +In order to work as a contractor with some companies I opened my own LTD almost 2 years ago. + +My account suggested me to pay myself no more than 50k a year (salary + dividend) to be tax effective, but money just accumulates in the account and looses value for inflation. + +In the mean while there is about 50k sitting in my business account and I wish I could have invested them. + +The accountant is also not very clear about the expenses I can spend from the account. + +I bought a printer and office equipment, I pay for website hosting, some travel, but I feel I can be much smarter with the expenses. + + +Any advise, ideas or suggestions for better channels for these questions? + +Thanks! + + +Just some background, I have a pension plan already from another country, plus maxed out my lisa and isa, and investing 5K a year to sipp. +I just don't want to put more money to my far future. +She recently sold a cabin and the money is in a checking account. She has investments already in mutual funds and she’s asking me about investing in precious metals and possibly real estate. She’s 82. Can anyone here give me a starting point or some ideas? thanks +***REPEATED INFO*** + + +**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. As this post has become increasingly popular based on the number of views and comments, and as my desire to spend a great deal of the first day of every month on reddit has significantly waned, **my responses might be limited**. Career and background summaries are provided at the end and repeated every month. Please check those sections as well as the comments and posts from previous months to find answers to potential questions. I genuinely appreciate all the thanks and well-wishers, even if I don’t take the time to say so individually. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My maximum withdrawal rate is 3% of each year’s starting balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $2500 per month ($30k per year) guardrail withdrawal until the market recovers. I realize that this is not the holy Trinity method, but consider these three factors that give us flexibility: a 3% withdrawal rate is below the 100% historically safe mark of 3.2% for fifty-year portfolio survival, the extended bull market peaked us nearly 20% above the original target amount (meaning that $30k annually is actually 2.5% instead of 3% if restarting from the peak); and our actual withdrawal rate has averaged less than 2% of the original portfolio balance thus far due to earning additional income. The budgeted withdrawal amount is $2773 per month for 2018. In 2017, it was $2564 ($2618 adjusted for inflation). + +**Career**: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. My savings rate was about 70%. + +**Background**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + + + +***UPDATED INFO*** + +**Spending**: Living expenses for the month came to $4628. This is $1855 over the 2018 monthly targeted amount of $2773. Our spending is 66.9% over budget for the month, 15.6% over for the year, and 18.4% over since retirement. We generated $30,804 of income this month from my wife wanting to work, some of my old book royalties, and an unexpected inheritance. Our investment withdrawal was -$26,176 this month (a $26,176 deposit), thus our pro-rated, annually-adjusted withdrawal rate is -28.32% for the month, -10.03% for the year, and -0.15% since retirement. Without the additional income stream, our pro-rated, annually-adjusted withdrawal rate would have been 5.01% for the month, 3.47% for the year, and 3.55% since retirement. + +**Investments**: The portfolio went from $1,117,315 to $1,103,975 (a 1.19% decrease for the month), which went up to a new total of (drum-roll) $1,130,151 after cashing the checks and paying the bills. This is a 10.18% increase from the original starting balance of $1,025,772, even after withdrawals of $16,977 for living expenses over ten months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $52.24/hr of labor income. To sustain the original portfolio balance, $17.95/hr is the pace needed for COL based on spending rate; $-7.98/hr is the pace needed for COL based on withdrawal rate. Ignoring possible dividends, VTSAX (61% AA) went down 2.3% this month (1.0% down for the year); VFWAX (20% AA) went down 1.0% (0.8% down for the year); VWLUX (19% AA) went up 0.2% (down 2.3% for the year). + +**Reflections**: I do not wish to get into details of the $30k inheritance that we received. I will only say that it was not expected, not from a death, and the person was well aware of our financial status (likely carried out due to perceived fairness and equality for all parties involved). Our receiving of that much money in a lump sum also comes close to invalidating the documentation behind the whole reason for this process. Spending was up due to dental work ($1000), vacation reservations ($500), and a decision to go crazy by blowing 3% of the inheritance ($1000). We bought a camera, running shoes, two race entries, two album reissues, and some clothes. The remaining 97% went straight to VWLUX. I almost feel guilty. + +**Experiences**: I put 61 hours into Final Fantasy XV over seven days, finishing the game and most of the side quests. I think it was fairly average by series standards. My marathon training peaked at 40mpw and is now tapering. I spent way too much time following recent political developments. + +**Upcoming**: The marathon state championship is April 7. I was poised to take the victory (based on the winning time in 2016 and 2017), but some guy who is on a mission to win 100 marathons is driving eight hours to do this one. His reputation in the running community couldn’t possibly be any lower. He has a history of cherry picking small races nowhere near his home in order to get his numbers up. At some point this month, we’ll be taking a driving vacation across flyover country to visit the states that my wife has not yet been to. This will bring her up to my current count of 49. I’ll be trying for a victory in another local race on May 5. Afterwards, I plan on cutting back on running while I get some more experience with bicycling and swimming. Needless to say, I’ll also be doing whatever the fuck I want. + +On CNBC, Mike Wilson indicated that downward earnings revisions could cause a 24% stock drop from today through the next six months. He has a 2023 year end target for the SP of 3900, which is around where it is now, but indicated there could be substantial volatility in between. He noted the SP500 could fall to between 3,000 and 3,300 + +https://www.cnbc.com/2022/11/29/double-digit-percentage-drop-will-hit-stocks-in-2023-morgan-stanley.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1669770160 + +For what it's worth, I've read other analysts who believe that downward earnings revisions are coming and those revisions are not currently reflected in the SP500 + + +[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 think Netflix is an awesome service and is not going anywhere. The 83B dollar valuation is insane. + +Why? First, the company does not care about its shareholders whatsoever. Since the stock has shot up in the last few years, there is no need to instill a share buyback program or pay a dividend. Instead, the company is rewarding its top executives with huge bonuses including 10s of millions in stock options, diluting shareholders stake in the company. The company can't reward its shareholders when its cash flow negative, and that doesn't seem to be changing anytime soon. + +Second, the company is not doing much to establish a competitive advantage. Disney has recently removed its content from Netflix and is streaming without Netflix as a middle man. Apple also is trying to get into the streaming business. HBO Go, Hulu, Amazon Prime are already established big competitors. The only competitive advantage Netflix has is the original content it creates, which is extremely expensive. + +The issue with the valuation is the company is currently trading at a p/e of 200 and an ev/ebitda of 106. With additions of competitors I see pricing pressure being put on the company which will decrease net income. How many more subscribers can Netflix realistically get? With prices the same, Netflix will have to quadruple its subscribers in the next few years to be trading anywhere near a reasonable valuation. + +With all these reasons combined, I can't justify Netflix's current price at all. I have no explanation for how the company can be trading for so much, but that doesn't mean the positive momentum won't carry the stock price up higher. During the next market correction, this stock with no fundamentals backing its valuation will hit the ground. +I'm new to investing, so I've been thinking through a bunch of different options. + +How far are your furthest rental properties from you? +Do you manage it/them yourself? If so, how? What made you buy far away? Was it worth it? +Last year I wrote a reflection on my first year of FIRE. It got a lot of traction and seemed well liked so I thought I’d write the year 2 version… [Here is the first one if you want to see it:]( https://old.reddit.com/r/financialindependence/comments/b2bfko/fire_1_year_in_a_few_reflections/) + +My background: I’m a scientist in my mid 40’s who got into the big data side of tech just as it took off. I worked for a few large companies, and a few small companies, both as an FTE and consultant. During one of my “no job, no consulting” periods in the late fall (notoriously hard time to find a new job as everyone is on vacation, spent their budgets, etc.) I fell deep into the bitcoin rabbit hole researching what it was, what it might become etc. I bought in a few times and sold my holdings in December 2017 (not at the peak, but close) for about 1.5M. I had saved a shit-ton of money over the years (almost 1M) because I never spend other than buying/fixing up my house. The FIRE idea was natural to me – I had an instinctual aversion to debt, simple tastes, and grew up without a lot (but didn’t feel like that was an issue). My job was not really going in a direction I liked, and I had just cashed over a million post-tax cryptobucks so I quit. I figured I’d try being unemployed, maybe call it “semi-retirement”? With all my retirement, bank, and stock accounts bundled together, including house equity I had close to 4M. Since retirement my portfolio has grown an additional 10% (after my living expenses) to 4.4M. + + +**Reflection 1: I’m not scared of the market anymore** + +Maybe “scared” is too strong a word. Right after I quit my job, the market started dropping. Everyone says “don’t watch the market” but I couldn’t help it. I JUST STARTED the next phase after all. Well, everyone is right – ignore that shit. I felt a little bit off at first – and I mention that in the first post last year. Now… it truly is not a big deal to me, I just grab the data once a month because I like to track it. I have a balanced portfolio and plenty of time. Not worth the sweating over. I feel I am truly ready for whatever the next real drop ends up looking like. + +**Reflection 2: I’m used to the lack of cash flow now** + +After watching my bank account grow twice a month, and having to move money into investments every so often, I got used to it. Not having that as part of my financial journey anymore felt weird. Having to take cash (from dividend payments – this is my primary cash flow source now) out of my account to fatten up my bank account felt super weird (money goes IN there, not OUT from there.) I had tracked my spending for several years prior to FIRE, and now that I am there I also tracked it and I basically spend the same amount so moving cash to the savings account every once in a while is the new norm. + +**Reflection 3: I’m willing to spend some of that money (wisely) now** + +At first I felt a little bit poor again – the money inflow was slow, new, weird. I didn’t want to mess it all up somehow. I’ve never been a big spender to begin with, but it felt like I was “on a special budget” or something. Why the hell would I FIRE if it meant I had to act like a pauper to do so (respect to my LeanFIRE friends, but that’s not my deal)? So now I’m willing to dip in a bit to make things work for how my life is shaping up post-work. I moved to a new city (renting) and rented out my house back in the old city. I’m considering buying a house here. I might sell my other house in a few years. I have options and the money makes those options broader. I might not execute these moves with economic perfection, but the money I have makes me feel like some slippage is not going to wreck me. Up until now, I have considered the brokerage stocks to be on untouchable lockdown. That is no longer the case if I can convert the money into what I need to be happy here in this new city – and I realize now that I really hate renting. + +**Reflection 4: Sometimes I feel like it isn’t quite enough (how the fuck)** + +Some people will always complain that their lump of gold isn’t big enough, and I tend to think those people are pain in the ass jerks. That said, I realize that there are times I wish I had a bit more… to put into special projects or pursuits that did not dip into my block of savings. One Idea I have had is to do some pick-up work and use 100% of that money for special projects and no savings. I haven’t quite figured it out yet, as these are just ideas right now, but the big revelation is that I thought I’d be done with feeling like I needed (“wanted” is a better word honestly) any more money but if I am being honest, that is not the case. + +**Reflection 5: I thought I might want to do some work – I was right** + +I took on a little work, but not too much. I helped a friend define and scope out a professional pivot and we figured out a way to do some additional work together. Working with him after 16 months off was really fun, and reminded me that I have some pretty cool superpowers that others do not. I think maybe you get so used to doing your thing in your groove that it becomes hard to take a bystander view. Applying myself to his situation which had some overlap to my old work but was also novel in many ways, and adapting my strategic consulting on the fly was quite satisfying. Drinking whiskey while consulting might have helped. That kind of work makes me feel a particular kind of excitement that I don’t get in other places. I need to learn how to tap into that more. + +**Reflection 6: It’s ok to do nothing sometimes** + +While I always had a great work ethic, I’ve never been a person to endlessly grind. I appreciate quiet reflection time, or do nothing except stare at the water time. Now that I am FIRE, and only working every once in a while (seriously – not a lot) I can forgive myself if a day or more goes by and I haven’t done anything particularly useful. I no longer view it as “wasting time”. I also think of all the days I went to work, mucked with emails, cranked the levers of industry, and went home, made a fire and drank a beer and ask “how different, to me, truly, is what that *was* vs. what this *is* from a personal growth, usefulness, or other internal concept?” The answer is basically “they are the same.” + +**In closing** + +I’ve acclimated to my new method of financial cycles. The discomfort in the novel has faded. I’m in a bit of a spot where it’s hard to make certain types of plans due to my aging parents and the potential for radical changes in their lives that I want to be able to help them navigate. It’s not radically tying me down by any means, it just changes the scope from “100% complete autonomy and freedom” to something a little less so for a bit. + +I’ve taken up a bit of woodworking. I went to physical therapy for my lower back and have really focused on getting that in order – it feels better than it has in years! I cook a bit more. I read books. I write essays. I’m involved in an online community working on some future technology in the cryptographic space. I take a lot of walks. I’m never bored. + +I feel like I’m in **“phase 2: acclimate and relax.”** Happy to answer any questions. + +**Edit: Ok guys, I'm out. See you again in a year or so. Thanks for the questions, well-wishes and conversation** +QYLD-35% +AWP and O - 20% +NUSI-15% +JPI-10% +SNY-10% +ABBV-10% + +If there is any suggestions you would add I would be open to ideas. + +Background information I'm 23 turning 24 in July I am in the military I currently put in 5% of my paycheck into my Roth IRA and the military matches (up to 5%), I'm currently trying to put 1K into stocks a month. My ultimate goal is to be able to earn enough dividends to be able to live off of. +So basically I do a lot of dividend stocks and was wondering if there was anything negative on doing it this way? +Basically instead of DRIP what I do is I have a few stocks (say 5) in a taxable account and then whenever it pays dividend, instead of auto Drip I choose out of the 5 to buy based on price and valuation. + +Do you guys do this too? Is there anything bad about doing this other than dripping automatically? I invest right away but I choose stocks that have the best value at the given month and cheapest so that way it doesn't auto Drip at high prices. Any cons in this? +I will start by saying I am super thankful to all the members of this sub. I have learned a lot from reading the posts and comments. + But I am wanting to do some more learning in my free time and I am looking for a book to read that talks strictly about Dividend Investing. + +Does anyone have any good suggestions? + +I have found a bunch of different ones but I am not sure which ones are really the best. Ive got a few years experience in the market but still dont have alot of experience when it comes to DD and analysis of dividend stocks +With all the talk of the coming recession, does it make sense to be in government or in private industry? I currently work for a private firm in the infrastructure/environment space, but there's an interesting opportunity to do similar work from the State government site. I've got a mortgage so not keen on moving just to be made redundant. What's the general consensus on job safety? +History does not repeat. But it does rhyme. + +> The Legacy of the Smoot-Hawley Tariff Act + +> The Smoot-Hawley Tariff Act was a grave error for U.S. trade policy. As the United States slid into depression, the act represented a desperation move by Congress and President Hoover. Since then, presidents have regarded free trade as the rule rather than the exception. Economist Douglas A. irwin discusses the Smoot-Hawley Act and its legacy. + + +https://youtu.be/R3zvJe3Koyw +I've been more of a lurker for a long while (since presqueeze wsb). I just want to say you might be thinking hey I'll sell my 1-10 shares if it fake squeezes and I'll buy back in when it drops again. My 1-10 shares won't make even a ripple in this huge 100 million+ share squeeze. But that's the thing, it's not just you, there's millions of us with under 10 shares and we're what hurts these hedgies the most. So stick to the basic buy and hodl. Next thing you know you'll have more bananas than you could ever imagine. + +*Not financial advice, just my opinion. 🚀🚀🚀🚀💎💎💎 + +Edit: just wanted to add probably not a good idea to post your positions +So, last month I started my first real job out of college and yesterday I got my first salary. It is not much but for an entry level job, it is ok. I +come from a culture where people don't retire and just work and slave away for the best part of their lives. + + +People are identified by the jobs they do rather than the lives they live and I despise that shit. I just want to have all the experiences I can think of and you guys have shown me FIRE is the way..... +I know it is just the start and I have a long way to go but I want to thank this community for all the direct and indirect assistances you guys have provided. +I don't have a FIRE number as of yet but I am proud to tell you all that I am not 0% FIRE anymore.... + + + + +Edit: glad to see all the appreciation from you guys.. still proving my original point. +THANK YOU........... + + + +Edit 2: gold .... Wow . So this what it feels to be gilded... + +Thank you kind internet stranger +First-time poster here, looking for some advice. + +I'm 29, married to a guy who is in grad school, and we live with his parents in Southern California. Both of us make okay money but are in the process of trying to pay off substantial credit card debt and have virtually no savings after he spent a while unemployed. + +This past weekend, my mom told me that she will die this year of kidney failure most likely 3-9 months from now. Her donated kidney is failing and she doesn't want to go through dialysis or chemo because they're excruciating, expensive, and are only a temporary fix to a problem that will inevitable kill her. Obviously, I'm heartbroken and just want to do what's best for my mom but also am worried about my future financially. She told me that she will be going into hospice care probably in a month or so, depending on her health. I'm an only child, have no dad in the picture, and she has very few friends and no other family willing to help. She also lives in Oregon, so I will have to fly, maybe multiple times and take time off work which will be unpaid. + +She has told me that she has life insurance, which will pay $25,000. I expect to pay a lot of that for her cremation and memorial services. So, with that, here are my questions: + +I'm pretty sure there is no way my mom can pay for hospice care herself. Will those bills get passed on to me? + +Are there any kind of debts that get passed on to next of kin? I know my mom has student loans from a vocational school she went to a while back. Could I end up having to pay those? + +How soon after a person dies does life insurance pay the beneficiaries? + +Thank you. + +&#x200B; +For those of you who are FatFIRED and travel with your family year round, how much does it cost you to do this? I know this number can vary for many different reasons but I am just trying to get an idea. Thanks and I appreciate any feedback you can provide! +I am 31, FI, and 1-2 years away from calling it quits from the daily grind. Ideally, I could partially replace my current salary with something more passive. + +I am very active in the stock market with my portfolio generating more dividends annually than my current salary and I'm hoping to diversify my passive income. I don't expect or *want* to not work at all. I would just rather not slave away at a desk working for someone else. Things I am considering: + +* Real Estate + * Mult-family properties w/ property management + * Triple Net Lease (NNN) + * Hard money lending + +What other ways do you make passive income? +I don’t care what anybody says. I can almost guarantee that almost all of us invested into GME have already parted ways with the money. I often forget that my shares even have a monetary value. IT’S TOO EASY TO HOLD YOU LITERALLY DO NOTHING + +Anyhow, not seen enough of these lately 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +EDIT: Wow.. unbelievable response. Much love everybody from the UK ❤️ + +EDIT: Whilst this post has attention, special mention to u/gherkinit for the daily posts and streams. +I am looking for a good hobby in my life that has a tasteful amount of danger and competition. I live in a coastal, warm area as well FWIW. + +Honestly, powerboat racing really seemed appealing, but the death rates in that sport look a little too alarmingly high. In addition, I’d have to imagine that it would take a couple million for one of those boats plus a hefty price tag on maintenance, and while I’m FAT I’m not that FAT (NW in the $16M-$18M range). + +I enjoy playing tennis, but the area I live surprisingly doesn’t have great tennis programs, so I’m looking for something a bit more than that. + +Ideally, my budget would be something that costs like $100k and I can maybe add to it a bit to get an edge if I want. + +Any good ideas? +EMOJIS FARM announced that they partnered with a gaming platform that enhance incentives for $EMOJI token holder. EMOJI partnered with gaming platform, Heloes that let's you to earn USDT by staking EMOJI. Still a microcap token while developing the platform for months. Team is active and working on upgrading the platform. Potential BSC migration in the works as well. Parent company is Consentium, which recently did well in the market and has been around since 2018. + +EMOJIS farm concept uses defi tools particularly in the areas of yield incentivisation and liquidity pools. It is a supplementary product and a complementary brand to Consentium Ecosystem - a multi-feature chat application built on an own blockchain. It brings partners and users together. So it works like a pimp. + +Emoji is a single token stake farm that lives on ETH and is to be implemented on BSC. It both serves as a fun standalone reward environment as well as to funnel entire communities onto the Consentium Chat Ecosystem. The CEO of EMOJI has a public face and has created videos on youtube. + +Emoji is an organic driver to user acquisition for chat communities within the cryptocurrency and blockchain space. EMOJIS Farm serves as the catalyst for user growth by providing an active and trending conduit of user incentivisation and participation on partnering platforms. + +The Consentium Ecosystem is diverse and expansive with commercial plans to growing the ecosystem also to e-commerce. Consentium aims to become the premium chat platform and super-app for the blockchain and crypto space. EMOJI is the tool to bring value to all there applications. + +&#x200B; + +EMOJI token contract: 0xcbd380c2d84deafed09f79863705353505764f26 +$GreatApe: new BSC token stealth-launched last week by the OG dev of RFI [$1.7m marketcap $700k liquidity] + +Lads, buckle up and listen to this... Everyone needs to know this. So this dev - a couple month back created the first ever friction-less yield smart contract and it was launched as RFI on ethereum network. Some may have heard of it, most wouldn't because ethereum transaction fees killed it. + +That was the first ever deflationary frictionless-yield token. + +That frictionless-yield code, the Reflect code, has now been used in thousands of tokens – most notably Safemoon and FEG. + +Long story short, that very same dev who made RFI has now stealth released a next generation rebase contract. It was released last week without any marketing and is called GreatApe and FIXES many issues that have plagued the mooncoin crypto community such as: + +- Scams and Rugs +- Whale manipulation +- Fake community ownerships +- Fake locked liquidity +- Pretend 'Fair Launches' +etc... + +I won’t go into too much technical detail as I am probably not the right person to give a lecture on it. But.. + +TLDR; + +Made by OG RFI dev morpheus!! +Ownership renounced before launch +70% less gas fees compared to Safemoon +Fixes all of the security issues that Safemoon and its clones have +Audited by BSC Scanner last week (https://t.me/bscChecker/305) + +Folks this is potentially huge, not just for gains but also for mooncoins in general. + +Tokenomics: +Total supply: 100,000,000,000 +Burned automatically on launch: 20,000,000,000 +LP tokens also burned automatically on launch + +Contract: https://bscscan.com/address/0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98#code +Website: https://greatape.cc +Telegram group link: https://t.me/Great_Ape_Official +Twitter account: https://twitter.com/GreatApeCrypto + +I had a good look into it and have confirmed it truly is the creator of the Reflect function behind it and I will ape in, what's your opinion? +I have a ton of great friends and generally get along well with people that I work with in school. However, I consider myself to be slightly awkward in a social sense and don't have a great amount of confidence in my social skills and ability to make new friends. I have a slight speech impediment/difficulty articulating and this doesn't helps me too much while interviewing for jobs. + +I chose a finance major after my sophomore year because my university's Business School is considered to be one of the most competitive and prestigious schools within the university, and I was otherwise undecided in a major. To me, the major seemed 'cool' and when I thought finance I imagined a quant just crunching numbers in order to pick stocks. I now realize that business jobs (even finance positions that I thought would be mainly quantitative) are hugely about personality and communication skills. If I could go back, I would choose computer science or engineering. + +I'm currently a senior and the fall job hunt was unsuccessful. I applied to easily 50+ positions and had about 15 interviews (only one second-rounder). At the time of those interviews my GPA was just below a 3.7 and for the spring semester I will be interviewing with just below a 3.6. + +I didn't apply to the Business School until the end of my sophomore year and received my acceptance later shortly before starting my junior year. Due in part to this, I don't have any stand-out business experience. I worked as a temp in the accounting department of an engineering firm after my junior year. This was a pretty basic role and I utilized zero of the concepts or knowledge that I learned in my accounting and finance courses. During this school year, I am working as a paid project manager for a student org. I work with communities to organize our events and manage our event budgets. I'm very thankful to have this role because it gives me actual professional experience in managing individuals and I have a lot of freedom to run things how I see fit. However, the position necessitates lots of phone calls and such. Unfortunately for me as a finance major, that's not something that I feel totally at home doing. At the same time, I see this role as a great way to tackle some of my aforementioned weaknesses with speech difficulty and socializing. + +I'm here looking for advice on how to position myself in terms of finding a good first job and planning my longer-term career goals. Suggestions for specific roles would be appreciated. Are there any individuals out there who had a similar experience with their choice in degree? How did you navigate yourself to a position that suited you? I'm hoping that there is a place for me in the financial industry and that I didn't totally waste my time getting this degree. +My holdings are INTC, F, SOFI, BTF, RNW and i mostly trade the wheel. Im down around 25% as of today and ive only made 2% so far this year on premium. I understand we are going through a correction here which i believe is healthy for the market long term. But man ive gotta tell you guys holding onto SOFI right now and selling covered calls is freaking me the fuck out. Im eager to hear what some of you guys are doing with your more volatile stocks right now. Ive been doing the textbook .25 delta 2-3 weeks out. +What's your magic cash number or stock hold where instead of re-investing gains you would take them out as a livable wage? +For instance if I get 1k shares of SPY I feel like I could live very comfortably just running the wheel. Selling weekly 10 covered calls or CSP's 4 times a month I could see someone very reasonably generating 10k a month to live on, that's even after cashing out a 70% return vice getting assigned and taking a chunk out for taxes. +Or is your idea of retirement just accumulating enough to live off dividends? +Add your favorite one sentence book summary....here are a few to get us started: + +**You can and will go bankrupt multiple times, and in the end commit suicide, if you have a constant short bias.** + +\- "Reminisces of a Stock Operator" by Jesse Livermore + +**You will make money once in a lifetime buying OTM puts, but if you start a hedge fund, you will be rich forever and you can become a rich faux philosopher.** + +\- "Fooled by Randomness" - Nassim Taleb + +**You will lose your shirt, and people will not let you manage their money if you sell OTM puts, blow up and go bankrupt multiple times...and then you will become a poor faux philosopher.** + +"Education of a Speculator" - Victor Niederhoffer + +**If you discover a new option pricing model, do not publish it to become a famous academic, but secretly use it to become a multi millionaire** + +"Fortune's Formula" - William Poundstone + +**If you discover a new pricing model and already published it, the world might use it and trade against you, so don't trade too large, enough to bring down the entire world financial system.** + +"When Genius Failed" - Roger Lowenstein + +**Every one of your thoughts or mental calculations related to money is wrong.** + +"Think Fast and Slow" - Daniel Kahneman +My holdings are INTC, F, SOFI, BTF, RNW and i mostly trade the wheel. Im down around 25% as of today and ive only made 2% so far this year on premium. I understand we are going through a correction here which i believe is healthy for the market long term. But man ive gotta tell you guys holding onto SOFI right now and selling covered calls is freaking me the fuck out. Im eager to hear what some of you guys are doing with your more volatile stocks right now. Ive been doing the textbook .25 delta 2-3 weeks out. +As the title states, my extended family owns a fairly large business. It’s been in the family for almost 75 years. Until recently, my stake in the business has been relatively small such that I’ve not been able to rely on it to support me and I’ve built a career for myself independent of all of this. + +My financial philosophy has been heavily influenced the Boglehead approach, investing in index funds and maintaining an allocation that closely mirrors the Target Date 2045 fund. + +Even though I always knew in the back of my mind that I would likely one day inherit a much larger stake in the family business, I wasn’t sure if or when it would happen, so I managed my finances as though it would *never* happen. It’s an approach that has worked well for me thus far. + +However, next month I will be inheriting a significantly larger stake in the company. I can reasonably expect that this stake will yield annual post-tax dividends that amount to $400k. The dividends may vary from year to year, but on average, this figure is a reasonable estimate to base my finances around. + +Independently, I earn roughly $100k annually from my profession (I work independently). I have no immediate plans to retire as I enjoy what I do, but I've definitely entered a phase where I'm very selective about the jobs I take on and have already left money on the table in the interest of leaving myself time to pursue my personal passions. + +My net worth is currently \~$2.5mm, including $400k in equity in my house. Allocation is \~50% US Equities, \~30% International Equities, \~9% Bonds, \~1% Crypto. + +I’m 35 y/o and single w/o any dependents. I live in a VHCOL area, but I live somewhat frugally. My yearly living expenses amount to \~$70k. I intend to start a family someday and am waiting for that eventuality to make any significant changes to my lifestyle (upgrading housing, etc.) + +I’ve obviously been extremely lucky w/ regards to money in my life and I can’t overstate how grateful I am for it. For what it’s worth, I’m also proud of how I’ve thus far managed my finances, remaining frugal, charitable and avoiding lifestyle inflation. + +My question is somewhat abstract, but **I’m wondering if my investment strategy should change as I enter what will truly be a new phase of wealth accumulation?** Specifically with regards to bonds. I understand that bonds act as ballast to capture gains and engage in opportunistic rebalancing in the event of a market downturn. However, in the case of someone like myself who, realistically, would have to engage in serious financial mismanagement in order to run out of money before I die, does it still make sense for me to keep \~10% of my portfolio in bonds? I don’t mean to be greedy, but provided I keep my financial house in order, would I just be leaving money on the table in exchange for a reduction in volatility that I don’t really need? + +None of these allocation figures take into account the $ value of my shares in the family business, which are difficult to accurately valuate and highly illiquid. That said, my new stake will be worth approximately $6mm based on the fair-market valuation for the business. It’s entirely possible that my family will not sell the business in my lifetime. + +Lastly, barring some sort of unforeseen circumstance, I stand to one day inherit my father's estate in its entirety (I am his only heir and we have a strong relationship). My father's estate is probably in excess of $10mm at the moment and if he lives another 20-25 years, it will probably grow beyond that. He also lives well-within his means and is financially savvy. + +Anyways, thank you for reading this admittedly long post. I realize that my question is somewhat open ended and there are probably several different ways of looking at this. I’m slightly embarrassed to be posting about this as I realize how fortunate I am to be in this situation in the first place, but as I mentioned before, it’s important to me that I be a responsible steward for this wealth and I really value the input of this community. Thanks in advance. + +[Proof.](https://imgur.com/a/sJIjOt0) +Yesterday, I sat with my husband and had an easy going conversation about what our family goals should be for the upcoming year. One of the goals I mentioned to him and want to work on is reducing food cost (eating out/ groceries). + +I started following Dave Ramsey a few years ago and have really grown up financially. I feel like we’ve made big changes and are moving in a good direction. We are still in baby step 2. We have zero credit card debt and zero car payments (2 vehicles). The only debt I have is a loan 20k. I took out the loan against my TSP to help my husband buy back his military time and the other debt is our mortgage. I mention all this to say, It’s been a few years that I’ve kept an organized budget book. + +With yesterday’s conversation in mind. I started adding all the food expenses from Jan 01, 2021 until today. Food only (grocery stores and eating out at restaurants / fast food joints) we’ve spent $18,743.89 + +Yes $18,743.89… I am so shocked and sick of myself. Wtf ??? Like what the f?!!!! +I am changing this, there is no way I am going to let another year go by with this behavior. I plan to change this by meal planning for my family (family of four). On a weekly basis and eating out 2 times a month. I want to go to the grocery stores with a list to be better organized. + +Just a reminder to review your budget, there is always the chance of improvement. + +Sorry for the improper grammar typing from a mobile and a bit flabbergasted. SMH + +Edit: a few people have asked me what buying back his military time is? My husband left the military after 10 years of service afterwards he became a fire fighter. The state we live in allows prior service members to buy up to 6 years. Once it is paid in full those 6 years are added towards his retirement for the fire department. I hope that makes sense. + +Also thank you ALL for your input. This is my first post and I am paying attention to the good advice. +Hey Reddit, first off I am ***NOT*** an economics major, I have taken basic econs a couple of years back, but nothing more than that. And I am not trying to get you guys to do my homework or any of that malarkey. This is genuinely because I cannot seem to understand the following issue. + + + +**The Following Issue** + +This is a topic that I've given a lot of thought over but I'm stuck trying to grasp the overall detriment in the case of ***World War 2*** when contrasted to The Broken Window Fallacy (BWF) and the opportunity cost of war. + +The issue i'm stuck with lies in the overall significant net gain from the post-war era (1945 onwards). + + + + +**The Issue** + +Suppose traditional economists say that war overall provides a loss due to the need to rebuild after the war and the fact that capital spent rebuilding could have been better used within other industries such as the Shoe Making and what not. As a result the citizens would be worse off from before the war as they would have to spend the money to rebuild their city. This is when the BWF is applied. + + + + + +**However** + +The issue that is plaguing me from accepting that is quite extensive. + +Firstly, prior to the war the great depression resulted in a high unemployment rate. The result of high unemployment and the lack of a salary meant that people had less disposable income to make purchases. As a result of the lack of spending, no "new money" was being introduced into the economy feeding the problem. + + + +**The Argument** + +The understanding by most people is that because of WWII, manufacturers shifted to armaments as a result creating millions of jobs overnight, drastically reducing unemployment rates. + +With new jobs and salaries the public had a source of disposable income for which they could spend in other industries. + +After the war, manufacturers transitioned back to meeting the demand of the public and started producing commercial goods such as automobiles and all the good stuff. + +Part of the public became jobless during this transition as they neither possess the necessary skill for the new job nor were required due to the overwhelming availability of labor. + +However, the vast majority of the public already had a reasonable level of disposable income due to the salaries from the manufacturing jobs during the war. As such, + +Disposable Income > Purchasing Power > Purchases Made > Money Is Spent > Increase in Overall GDP > We All Have Sexy Party Time. + +As a result of their spending, manufacturers now have increased profits and this resulted in due time jobs being made in the various industries. + + + + + + +**So What Am I Missing Here?** +Based on my understanding, WWII eventually did benefit the economy and in the long run pulled America out of the depression and set the country on track to recovery. + + + + + +**Several Ideas I Have** + +I'm not sure if this makes sense but, + +Lets replace the baker, glazier and the brat who breaks windows in the example with the figures relevant to the WWII scenario. + + +***The Glazier - The Government & People*** + +*** The Baker - Europe*** + +***The Little Shit - Crazy Nazis*** + +***The Broken Window - War Damaged Europe*** + +So in this scenario, the crazy nazis ,being crazy, shatters the bakers window. Meanwhile, prior to the window breaking shenanigans, the government (glazier) next door is having ***extremely poor business with no customers.*** + +The neighbor runs over next door to the government and asks whether he is able to fix the window for $50. + +The government agrees and decides to help. He goes next door, fixes the window and charges $50. Now the government (and people) have an additional $50 to spend on producing ***a new poster.*** + +This poster attracts more business and jump starts his business resulting in tons of money and a new yacht. But after awhile, the glazier looks over at his neighbor's sad shop and decides partying alone on his private island is sad and decides to help the baker out by buying large amounts of bread to improve his business. + +Oh and the crazy nazi falls in the sea and gets eaten by mutant sharks + + + + + + +**BASICALLY** In the BWF example, America is the glazier and not the baker that is why war was beneficial, and if the glazier improves his business and turns around to help the baker, the baker sees significant improvement as well. + +***So, is starting wars good only if its not your property being destroyed?*** + +THIS IS PURELY MY WAY OF LOOKING AT IT, IT DOES NOT REPRESENT ANYONE ELSE'S IDEA. + +*** Essentially is my idea of rationalizing it making any sense? Or am i missing something here and just being completely stupid*** + +Please be direct. + +*I apologize for the formatting, I can't seem to get it right.* + +***EDIT*** : From reading and digesting the comments and the sources linked, the idea I guess is straightforward, at least in my interpretation. The Broken Window Fallacy works and is logically and theoretically sound when applied in the case of WWII. The Baker who had the window broken, (Europe) did in fact suffer after the war as more resources were required to fund the rebulding of the cities and overall infrastructure. + +At the end of it, the war resulted in a ***Worldwide net loss*** due to the rebuilding efforts,. + +Another way to look at it involves the opportunity cost of Americans fighting the war in the first place (E.g - If men didn't fight and lose their lives in the war, they could be applied as manpower in other sectors and industries hence contributing to the economy in other more beneficial ways) + +As such war inevitably results in an overall negative impact on the economy, only in specific and rare cases such as in America's peculiar position of stagnant growth due to the depression, soaring employment rates and the fact that the country essentially emerged from WWII without much need to rebuild. + +***America is the glazier.*** + +- Dan2188 + +I went to Consensus this week, and it sucked. By far the worst crypto conference I’ve been to. The networking was fine. Here’s why the actual conference sucked: + +1. Talks were superficial, and they didn’t seem to know who their audience was. Sorry folks, normies are gone. Speak to your core enthusiasts. + +2. The whole presentation vibe was, let’s bend over backward for bankers and discuss how we’re going to do it. I get that it’s in nyc, but come on. If the suits are here, let’s discuss using their money to lobby congress in favor of crypto instead of shorting the market. + +3. Presenters rehashed cliche after cliche, “muh 90% of icos will fail.” Instead of delving into the fundamental problems facing crypto (real world usage by the average joe, scalability, centralization). + +Not to mention how disorganized everything was. + +It was embarrassing for crypto. The market spoke. + +My boomer mom found out that I invested some of my money in BTC. Couple days ago I spoke with my dad about it because I tought I can trust him, but yesterday he told her about their sons investment. Anyway my mom thinks im a 19 y.o idiot, thinks that BTC is a pyramid scheme, invented by some rich people to scam us and she made fun of me by asking if she could "touch" the coins like real money. + +I learned my lesson: Dont talk about ur investments with other people especially about "new technologies" investments like Bitcoin. + +&#x200B; + +Edit: Sry shes not a real boomer, she has a "boomer mindset" + +Edit2: Thanks for all these comments:) +Like the title says, the day of the auction I talked with the occupant and they seemed reasonable but also telling me "the check was in the mail" to the bank. I t talked to them to set up a cash for keys arrangement but haven't been able to get a hold of her in a couple days. I talked to my lawyer today and set up sending a notice and going the legal route to cover all my basis. Inslee's proclamation gives occupants 60 days if I plan to occupy or sell the home. We're planning to occupy. Has anyone gone through this lately and how did it work out for you? +I own 2 single family homes. #1 is paid off and worth about $100k on the open market with $100 per month insurance. #2 i owe roughly $43k and is worth around $125, my payment on this one is $850 per month and $100 per month insurance. #1 rents for $1200 monthly and #2 for $1000. I would like to know, what would be the best way for me to benefit from these properties. Should i sell, keep renting as is? or is there something else i can do without losing too much money. what am i doing wrong or right? +Like the title says, the day of the auction I talked with the occupant and they seemed reasonable but also telling me "the check was in the mail" to the bank. I t talked to them to set up a cash for keys arrangement but haven't been able to get a hold of her in a couple days. I talked to my lawyer today and set up sending a notice and going the legal route to cover all my basis. Inslee's proclamation gives occupants 60 days if I plan to occupy or sell the home. We're planning to occupy. Has anyone gone through this lately and how did it work out for you? +I have about $150,000 I can invest. I have zero debt, a paid off home, amazing credit and I am in my 30s. I want to invest in real estate, possibly rental properties, but I know I would be a horrible landlord. I know I would be a total pushover and would not be able to handle the day to day stresses of tenants and the possibilities of eviction. What would be the best way to capitalize on this opportunity? This would be a new venture for my obviously and I am curious how you think I could best make my money work for me. +So recently I've been having some serious financial issues. First off, I'm a PhD student. We get a pretty meh stipend. About $14 an hour. It's definitely not the worst but I live in a run down 400sqft apartment for $900 a month. So you do the math. I had some serious health issues earlier in the year that racked up some debt and seriously screwed up my savings. For the last week I've been doing instacart to try to repair some of my finances. I'm just trying to make 1.5k and then I will be quitting. So maybe a month or two of it. I'm at $300 so far so thats not too terrible. The job is HORRIBLE though. I have to do this on top of school stuff. + +To top it off, my friends are incredibly financially stable. They have a huge savings, 25-50k+. They are saving for homes and going on trips and just living it up. People around me are married, planning for kids, etc. Meanwhile I'm sitting in the grocery store parking lot refreshing the instacart app on the verge of tears getting ready for a 1 star review because the store didn't have what someone wanted. Its 3rd party. WE DONT KNOW! AHHHHHHHH sffsgsgfjgkhkhlgjdgsafahghk + +How do you guys deal with this? How do you just stop comparing and be grateful for what you do have? I'm about to tell my friends to please stop telling me about how great their life is going because it gives me full emotional breakdowns. Like just sobbing for hours at night that I have worked so hard and just can't get a break. + + +Under the terms of the transaction, each outstanding share of Aetna common stock is being exchanged for $145.00 in cash and ***0.8378 shares of CVS*** Health common stock.  CVS Health is not issuing any fractional shares in the transaction. Instead, the total number of shares of CVS Health common stock that each Aetna shareholder is entitled to receive is being rounded down to the nearest whole number, and each Aetna shareholder is entitled to receive cash for any fractional share of CVS Health common stock that the Aetna shareholder is otherwise entitled to receive. + +The transaction values Aetna at $212 per share or approximately $70 billion. Including the assumption of Aetna’s debt, the total value of the transaction is $78 billion. The combined company's shares are listed on the New York Stock Exchange under the ticker symbol “CVS.” The Aetna brand name will continue to be used in reference to the health insurance products. Going forward, Aetna will operate as a standalone business within the CVS Health enterprise and will be led by members of its current management team. + +It says it did not issue any fractional shares, but how was shareholders of Aetna given 0.8378 share of CVS? where did the share come from? +Coinbase restricts users who they think transact between Coinbase and gambling sites as per their user agreement. + +This can be avoided by the user and the gambling site using unique addresses for all transactions and/or by adding an extra hop, such as a personal wallet, in between Coinbase and the gambling site. Full details here, good luck! + +http://www.bitedge.co/blog/coinbase-restricts-users-for-gambling-transactions/ + +I am reading more and more about stocks, and from my understanding, after a company issues stock to raise X amount of money, and they achieve their goal, the stock price does not really matter to a company? Is this correct logic. I can understand that a company might care what their stock does when they want to have a secondary offering and another, but what if they are comfortable with where their business is in terms of growth. What does it really matter to them? + +EDIT: Thank you guys for all the answers, I really appreciate all the feeback. To you assholes, stick to /r/finance +&#x200B; + +[https:\/\/www.cnn.com\/2022\/08\/03\/investing\/amtd-digital-stock-reddit-wallstreetbets-intl-hnk\/index.html](https://preview.redd.it/882ejjjtpif91.png?width=1414&format=png&auto=webp&s=2f3e17f7ab85433534447e7b624f5c47433a3ccf) +Today Standard and Poors announced that they had downgraded Carnival Corp's debt to junk by downgrading from a BBB- to a BB- + +This coming after Carnival had announced that they will be halting all US domestic ships further until at least September 30th.. + +Now of course a lot of investors and customers have lined up for Carnival Cruises but where do you guys see this company going in the longer term? + +I personally don't like cruises myself as I have been on 6 when I was a lot younger (5 Royal and 1 Carnival) My only carnival cruise I went on there was puke on the top deck on the first day lol - I'm down to get fucked up but not that showing on the first 2 hours on the ship. + +I believe there is a market for them however + +[Source](https://www.standardandpoors.com/en_US/web/guest/ratings/press-releases) +* **Company**: [MindMed](https://mindmed.co/) +* **Industry**: Psychedelic Medicine / Digital Therapeutics / Biotechnology +* **Location**: New York, NY / Toronto, Ontario +* **Flagship Products**: 18-MC, [Project Lucy](https://mindmed.co/experiential-therapies/), [Albert Digital Medicine](https://mindmed.co/news/press-release/mindmed-to-launch-albert-a-digital-medicine-division-for-psychedelic-medicines/) +* **Treatment Focus**: Addiction, ADHD, Anxiety, Depression, Headaches +* **Ticker**: $MMEDF (OTC), $MMED (NEO), $MMQ (DAX) +* **Share Price**: $4.00 ($MMEDF), +* **Market Capitalization**: $1.19B +* **Float**: 209.25M +* **Average Volume (3 month average)**: 5.22M ($MMEDF) +* **Insider Ownership**: 17.3% +* **Investor Presentation**: [Link](https://mindmed.co/wp-content/uploads/2021/02/MindMed-Corporate-Presentation-6.pdf) +* **Financial Reports**: [Link](https://mindmed.co/investor-resources/#financials) +* **SEC Filings**: [Link](https://sec.report/otc/company/MMEDF) +* **SEDAR Filings**: [Link](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00030583) +* **Hallucinogen Research History**: [Link](https://mindmed.co/wp-content/uploads/2020/11/regulation-of-human-research.pdf) + +---------- +**RECENT NEWS** + +[New California bill would decriminalize psychedelics, expunge criminal records](https://www.nbcnews.com/news/us-news/new-california-bill-would-decriminalize-psychedelics-expunge-criminal-records-n1258261?cid=sm_npd_nn_tw_ma) + +---------- + +**TRADING STRATEGY** + +* **SHORT TERM TRADE**: +> In anticipation of a Nasdaq listing, and in response to rapidly growing interest in the psychedelic industry, I plan to increase my equity position in MMEDF, with the short term goal of closing the position at a profit. I will maintain my main equity position over the next several years. Speculatively speaking, I believe retail traders will shift to industries that have the potential to experience significant price action, similar to what we have seen in the cannabis industry. There are only a small number of psychedelic pure plays, so I expect the notable companies, such as MindMed, to receive the most attention. + +* **LONG TERM SPECULATION**: +> For the reasons expressed in this summary, I continue to build a long term equity position in MindMed. I plan to hold this position for a minimum of one year, and I’ll reevaluate at that time. + + +---------- + +**HIGHLIGHTS** + +* **1.** MindMed develops psychedelic based medications and treatment protocols for the treatment of mental health and neurological disorders. +* **2.** Psychedelic based medicine is an emerging industry, with decades of anecdotal success. +* **3.** A 2017 [Global Drug Survey](https://www.forbes.com/sites/janetwburns/2017/05/26/global-survey-says-magic-mushrooms-are-the-safest-recreational-drug/?sh=4834431d4dad), cites psilocybin as the safest recreational drug. +* **4.** Mental health [awareness is increasing](https://www.forbes.com/sites/zinamoukheiber/2019/05/22/mental-health-awareness-is-on-the-rise-but-access-to-professionals-remains-dismal/?sh=5eb0bd297ba5), while social stigmas are decreasing. +* **5.** The World Health Organization estimates that mental health [accounts for 10%](https://www.worldbank.org/en/topic/mental-health) of the global disease burden. +* **6.** In 2014, it was reported that mental health and substance abuse services account for [approximately $50 billion](https://www.harriswilliams.com/de/system/files/industry_update/behavioral_health_industry_update.pdf) in annual revenue, and $300 billion when ancillary services are considered. +* **7.** The global mental health market is expected to grow at a [CAGR of 5.02%](https://www.globenewswire.com/news-release/2021/01/06/2154290/0/en/Behavioral-Health-Market-to-Garner-Growth-at-5-02-by-2027.html). +* **8.** Venture capital funding for mental health startups is at an [all time high](https://finance.yahoo.com/news/driven-pandemic-demand-mental-health-050000001.html) indicating a significant shift in the industry. +* **9.** MindMed maintains approximately $144.7M in cash on hand. +* **10.** MindMed has at least five known catalysts expected to occur this year, including a Nasdaq listing that is imminent. +* **11.** MindMed has six medications and treatment protocols currently in clinical trials, including treatments for opioid addiction, depression, anxiety, and headaches. +* **12.** MindMed is backed by notable investors, including Shark Tank’s Kevin O’Leary and Canopy Growth Corp founder, Bruce Linton, who serves as a Board Director. +* **13.** MindMed is the second largest holding in Horizons’ [PSYK ETF](https://www.horizonsetfs.com/etf/psyk), the world’s first psychedelic ETF. + +---------- + +**COMPANY OVERVIEW** + +> MindMed is an early stage biotechnology company founded in 2019, and headquartered in New York City. They are focused on discovering, developing and deploying psychedelic based medications and treatment protocols, primarily derived from Psilocybin, LSD, MDMA, DMT and Ibogaine. The company is led by Chief Executive Officer and Co-Founder, [JR Rahn](https://mindmed.co/team/jr-rahn/), a former Silicon Valley tech executive, and President and Board Director, [Dr. Miri Halperin Wernli](https://mindmed.co/team/dr-miri-halperin-wernli/), a thirty year pharmaceutical and biomedical executive who previously served at several major pharmaceutical companies, such as Merck, Roche, and Actelion. Their pipeline is focused on treating a range of common mental health and neurological disorders, such as addiction, anxiety, depression, and headaches. + +---------- + +**LEADERSHIP** + +* **Chief Executive Officer**: JR Rahn +> JR Rahn is a former Silicon Valley tech executive who previously worked in market expansion and operations at Uber. Subsequent to his work at Uber, he founded the Y Combinator backed fintech company, [Upgraded Technologies](https://www.upgraded.io/), which is now partnered with Apple. + +* **President and Chair of Technology Evaluation**: Dr. Miri Halperin Wernli +> Dr. Halperin Wernli is a thirty year pharmaceutical and biomedical veteran, with a history of executive leadership. In 2016, she co-founded Creso Pharma, a cannabis research and development company. Prior to founding Creso Pharma, Dr. Halperin Wernli worked in clinical psychiatry, and held senior leadership positions at major biotechnology companies, such as Merck, Roche, and Actelion. + +* **Chief Development Officer**: Robert Barrow +> Robert Barrow is a vetaran pharmaceutical executive and clinical pharmacologist. Previously, Mr. Barrow served as Director of Drug Development And Discovery at [Usona Institute](https://www.usonainstitute.org/) a non-profit research organization focused on the therapeutic effects of psilocybin and other psychedelics. Prior to Usona, Mr. Barrow served as Chief Operating Officer of [Olatec Therapeutics](http://www.olatec.com/), a biopharmaceutical company that develops treatments for chronic inflammatory diseases. + +* **Chief Scientific Officer**: Dr. Donald Gehlert, PhD +> Dr. Gehlert is a pharmacology and neuroscience expert, who previously served as a research fellow at Lilly Pharmaceuticals, where he helped introduce 19 molecules into the Lilly pipeline, and deliver proof of concept studies in the areas of ADHD, obesity, depression, pain and migraine. He is a co-author on 182 publications and a co-inventor on 15 issued and pending patents. + +* **Notable Board Director**: Bruce Linton +> Mr. Linton is the co-founder and former Chief Executive Officer of [Canopy Growth Corp](https://www.canopygrowth.com/), one of the largest cannabis companies in the world, with a market cap of $15.17B. +---------- + +**RECENT EVENTS** + +* **1.** On February 11th, 2021, MindMed signed a [research and development partnership](https://www.prnewswire.com/news-releases/mindmed-signs-partnership-with-swiss-psychedelic-drug-discovery-startup-mindshift-compounds-ag-expands-development-pipeline-and-ip-portfolio-with-next-gen-psychedelic-and-empathogenic-compounds-301226680.html) with Swiss startup, MindShift Compounds AG +* **2.** On January 27th, 2021, [Horizons ETFs Management](https://www.horizonsetfs.com/home) launched the world’s first psychedelic focused Index ETF, [PSYK](https://www.horizonsetfs.com/etf/psyk), of which MindMed is the second largest holding. (*MMEDF is now the 4th largest holding). +* **3.** On January 20th, 2021, MindMed announced the first ever clinical trial evaluating the combinational use of MDMA and LSD. The trial will be conducted at the [University Hospital Basel Liechti Lab](https://biomedizin.unibas.ch/en/research/research-groups/liechti-lab/), in Switzerland. +* **4.** On January 14th, MindMed [hired Robert Barrow](https://mindmed.co/news/press-release/mindmed-adds-chief-development-officer-with-fda-phase-2-psilocybin-clinical-trial-experience/) as Chief Development Officer. “Mr. Barrow previously served as Director of Drug Development and Discovery at the [Usona Institute](https://www.usonainstitute.org/). At Usona, Mr. Barrow was responsible for launching the Phase 2 clinical program for psilocybin in the treatment of Major Depressive Disorder and for obtaining Breakthrough Therapy Designation for the program at the FDA.” +* **5.** On January 12th, MindMed announced a randomized placebo-controlled study further evaluating the effects of LSD microdosing. “The study will be conducted in collaboration with [Dr. Kim Kuypers](https://www.maastrichtuniversity.nl/k.kuypers) of [Maastricht University](https://www.maastrichtuniversity.nl/) in the Netherlands” + +For a comprehensive list of press releases, please visit [this link](https://mindmed.co/news/press-release/). + +---------- + +**CATALYSTS** + +* 1. [Nasdaq up-listing](https://mindmed.co/news/news-press/psychedelic-drug-company-mindmed-applies-for-nasdaq-up-listing/) anticipated in Q1, 2021. +* 2. FDA IND for LSD Therapy anticipated in Q2, 2021. +* 3. Phase 2a LSD Microdosing anticipated in Q2, 2021. +* 4. Top line results from 18-MC’s Phase 2a trial anticipated in Q4, 2021. +* 5. Phase 2b LSD Anxiety Disorder anticipated to begin in Q4, 2021. +* 6. Strategic Pharmaceutical Partner for 18-MC, estimated for Q2, 2022. +* 7. Reverse Stock Split (Purely Speculative and Unsubstantiated) + +---------- + +**ADDRESSABLE MARKETS** + + +* **Total Market**: Estimated $100+ billion global total addressable market for psychedelics. [Eight Capital](https://cannabisradar.de/wp-content/uploads/2020/04/MMED_8Cap_APR27.pdf) +* **Depression**: The global antidepressants market is expected to grow from $14.3 billion in 2019 to about $28.6 billion in 2020. [Global News Wire](https://www.globenewswire.com/news-release/2020/04/21/2019282/0/en/Global-Antidepressants-Market-2020-to-2030-COVID-19-Implications-and-Growth.html). +* **ADHD**: The global ADHD market is expected to reach $24.9 billion by 2025. [Grand View Research](https://www.grandviewresearch.com/industry-analysis/attention-deficit-hyperactivity-disorder-adhd-market?utm_source=prnewswire.com&utm_medium=referral&utm_campaign=PRN_Feb11_ADHD_RD1&utm_content=Content) +* **Drug Addiction**: The global drug addiction treatment market is expected to reach $31.17 billion by 2027. [Reports and Data](https://www.reportsanddata.com/report-detail/drug-addiction-treatment-market) +* **Global Impact**: “Globally, an estimated 264 million people suffer from depression, one of the leading causes of disability, with many of these people also suffering from symptoms of anxiety.” [World Health Organization](https://www.who.int/teams/mental-health-and-substance-use/mental-health-in-the-workplace#:~:text=Globally%2C%20an%20estimated%20264%20million,each%20year%20in%20lost%20productivity.) + + +---------- + +**PRODUCTS AND SERVICES** + +* MindMed engages in the research and development of medications and treatments derived from LSD, Psilocybin, MDMA, DMT, and Ibogaine. + +* **[18-MC](https://mindmed.co/news/press-release/mindmed-initiates-dosing-in-human-safety-study-of-novel-treatment-for-opioid-addiction-18-mc/)**: 18-Methoxycoronaridine is a novel derivative of Ibogaine, a naturally occurring psychoactive substance found in plants, which has demonstrated [promising results](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4382526/) in treating drug, alcohol, and nicotine addiction. 18-MC has a significantly improved safety profile, and is shown to be neither psychoactive nor psychedelic. At MindMed, 18-MC is currently entering Phase 2A trials for the treatment of opioid addiction. + +* **[Project Lucy](https://mindmed.co/news/press-release/mindmed-launches-project-lucy-focused-on-lsd-experiential-therapy-for-anxiety-disorders/)**: This program intends to develop and commercialize psychedelic assisted therapies for the treatment of anxiety disorder. Experimental doses of LSD will be evaluated under supervision, and in coordination with ongoing patient therapies. In December of 2020, [MindMed announced](https://www.prnewswire.com/news-releases/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy-301191722.html) the successful completion of a Pre-IND meeting with the FDA for Project Lucy, as well as preparations to open an Investigational New Drug (IND) in August of 2021, with a Phase 2B clinical trial for LSD assisted therapy. + +* **[Albert Digital Medicine](https://mindmed.co/news/press-release/mindmed-to-launch-albert-a-digital-medicine-division-for-psychedelic-medicines/)**: Digital therapeutics are evidence based interventions guided by software for the treatment and prevention of diseases and disorders. These digital tools include wearable devices, machine learning, and AI systems. Albert is an early stage platform intended to develop a comprehensive toolset focused on delivering psychedelic based treatments and therapies in combination with digital therapeutics. Dr. Miri Halperin Wenli, MindMed’s President and Head of Chair of Technology Evaluation, is currently designing an experimental clinical trial that pairs psychedelic inspired medicines, such as LSD, with digital therapeutics to track, engage, and influence patient behavior. + +---------- + + +**DEVELOPMENT AND COMMERCIALIZATION** + +> MindMed’s pathway to commercialization is a standard three stage process of Discovering, Developing, and Deploying. Initially, research will focus on acquiring and discovering new chemical products and treatment protocols. These compounds and protocols will enter FDA regulated clinical trials, with an effort to secure partnerships with major pharmaceutical companies. Finally, strategic affiliations with research centers, hospitals, pharmaceutical companies, and insurers will enable the licensing of medications and protocols. It is important that we monitor how their commercialization strategy develops, because psychedelic inspired treatments are new products, and it’s unclear how well they can be monetized. + +---------- + +**SUCCESS STORIES: WHY SPRAVATO’S FDA APPROVAL MATTERS** + +> On August 3rd, 2020, The Janssen Pharmaceutical Companies of Johnson & Johnson [announced](https://www.jnj.com/janssen-announces-u-s-fda-approval-of-spravato-esketamine-ciii-nasal-spray-to-treat-depressive-symptoms-in-adults-with-major-depressive-disorder-with-acute-suicidal-ideation-or-behavior) that the FDA had approved [SPRAVATO](https://www.spravato.com/) (eskatamine), the first prescription nasal spray, for the treatment of depressive symptoms in adults with major depressive disorder, and treatment-resistant depression. + +> Spravato is a potent sterioisomer of ketamine, a psychedelic substance used in anesthesia, pain management, depression, and seizures. Spravato is significant for two important reasons. It represents the first FDA approved drug for depression that does not work directly on [monoamines](https://pubmed.ncbi.nlm.nih.gov/8121966/), and it is the first psychedelic drug approved by the FDA for a psychiatric condition. This demonstrates the utility of psychedelic substances, and supports the need for further research and development. + +---------- + +**PARTNERSHIPS** + +> MindMed currently maintains several clinical and research partnerships. + +* **1.** [Partnership](https://www.prnewswire.com/news-releases/mindmed-signs-partnership-with-swiss-psychedelic-drug-discovery-startup-mindshift-compounds-ag-expands-development-pipeline-and-ip-portfolio-with-next-gen-psychedelic-and-empathogenic-compounds-301226680.html) with Swiss psychedelic drug discovery startup, Mindshift Compounds AG, for the purpose of developing and patenting next-generation psychedelic compounds. + +* **2.** [Partnership](https://mindmed.co/news/press-release/mindmed-partners-with-nyu-langone-medical-center-to-launch-groundbreaking-training-program-for-psychedelic-therapies-and-medicines/) with New York University Langone Medical Center, for the purpose of launching a clinical training program focused on psychedelic assisted therapies and medications. + +* **3.** [Partnership](https://www.proactiveinvestors.com/companies/news/929913/mindmed-announces-rd-collaboration-with-liechti-lab-in-switzerland-on-psilocybin-929913.html) with Liechti Lab, a psychopharmacological research center based in Switzerland, for the purpose of research and development into the effects and state of consciousness induced by psilocybin and LSD. + +* **4.** [Partnership](https://mindmed.co/news/press-release/mindmed-advances-phase-2-lsd-microdosing-trial-for-adult-adhd-appoints-principal-investigator/) with Maastricht University, based in the Netherlands, for the purpose of conducting clinical trials for the use of LSD in adult patients with ADHD. + +---------- + +**FINANCIALS** + +> Since inception, MindMed has raised $187M, including warrants. [Funding has occurred over six rounds](https://www.crunchbase.com/organization/mindmed/company_financials), with four bought deal offerings, one pre-public offering, and one seed round. Notable investors include [Canaccord Genuity Group](https://www.canaccordgenuity.com/), venture capitalist and Shark Tank host [Kevin O’Leary](https://www.kevinoleary.com/), Velos Partners founder [James Bailey](https://www.crunchbase.com/person/james-bailey-2), and [Canopy Growth Corporation](https://www.canopygrowth.com/) founder, [Bruce Linton](https://www.crunchbase.com/person/bruce-linton). + +* On January 7th, 2021, MindMed announced the closing of a [$72.7M offering](https://mindmed.co/news/press-release/mindmed-closes-upsized-financing-of-cad-92-1m-usd-72-7m-to-meet-high-investor-demand/), increasing cash on hand to $144.4M. + +* On October 30th, 2021, MindMed announced the closing of a [$22.7M offering](https://mindmed.co/news/press-release/mindmed-closes-upsized-financing-of-cad-28-75m-with-strong-institutional-demand-for-psychedelic-medicines/). Co-Founder and CEO, J.R. Rahn stated, “The strong institutional investor interest for this oversubscribed financing demonstrates the vast appetite for companies pursuing clinical trials of psychedelic medicines with the FDA and other regulatory bodies.” + +* On October 30th, 2021, MindMed announced Q3, 2020 [financial results](https://mindmed.co/news/press-release/mindmed-announces-q3-2020-financial-results/), citing total assets as of September 30th, 2020 of $23.7 million, including $18.2M in cash. Net and comprehensive loss of $8.6 million for the three months ended Sep 30,2020, and $21.4 million for the nine months ended September 30, 2020. + +---------- + +**IN THE MEDIA** + +* **”Psychedelics-Drug Startup Raises $24 Million Ahead of IPO”**, [Wall Street Journal](https://www.wsj.com/articles/psychedelics-therapy-startup-raises-24-million-ahead-of-ipo-11582822163) + +* **”Silicon Valley’s psychedelic wonder drug is almost here”**, [Fast Company](https://www.fastcompany.com/90436824/silicon-valleys-psychedelic-wonder-drug-is-almost-here) + +* **”Psychedelic drug company MindMed applies for nasdaq up-listing”**, [Forbes](https://www.forbes.com/sites/willyakowicz/2020/09/25/psychedelic-drug-company-mindmed-applies-for-nasdaq-up-listing/?sh=1a9692226cf7) + +* **”Psychedelic drugs may transform mental health care. And big business is ready to profit from the revolution”**, [Fortune](https://fortune.com/longform/psychedelic-drugs-business-mental-health/) + +* **”A startup that wants to use psychedelics to treat addiction just raised $6.2 million from the host of Shark Tank and the architect behind the world’s biggest cannabis grower”**, [Business Insider](https://www.businessinsider.in/science/news/a-startup-that-wants-to-use-psychedelics-to-treat-addiction-just-raised-6-2-million-from-the-host-of-shark-tank-and-the-architect-behind-the-worlds-biggest-cannabis-grower/articleshow/71377825.cms) + +* **”New York is getting its first psychedelic-medicine center, with the help of a startup called MindMed, which develops hallucinogens to treat mental illness and addiction, and is funding an institute at N.Y.U. Langone Medical Center”**, [The New Yorker](https://www.newyorker.com/magazine/2020/10/12/turn-on-tune-in-get-well#:~:text=New%20York%20is%20getting%20its,at%20N.Y.U.%20Langone%20Medical%20Center.) + +* **”MindMed surges, putting it at the forefront of psychedelic euphoria”**, [Bloomberg](https://www.bloomberg.com/news/articles/2020-12-09/mindmed-surges-putting-it-at-forefront-of-psychedelic-euphoria) + +---------- + +**HISTORY AND PARALLELS** + +> The history of psychedelic discovery, use and regulation is flush with politics, propaganda, and anecdotes. Although hallucinogens have reportedly been used for centuries, it was not until the late 1930’s and 1950’s that LSD and psilocybin were isolated in a laboratory setting. In 1968, the United States government passed legislation banning the possession of LSD and psilocybin, which restricted the use of these substances in clinical research. In most developed countries, with the exception of a few, such as Brazil, Jamaica, the Netherlands, possession remains illegal. In 2000, the Psychedelic Research Group at Johns Hopkins received U.S. regulatory approval to reinitiate psychedelic based research. + +> As we have seen with cannabis reform, culture and politics are shifting, and substances that were previously illegal are gaining renewed support for both medicinal and recreational use. In 2012, Colorado and Washington became the first two states to legalize the recreational use of cannabis, following the passage of Amendment 64 and Initiate 502. Since then, we have seen significant efforts from additional states to either decriminalize or legalize the use of cannabis. + +> For additional information on the history of psychedelic substances and the regulatory milestones they achieved, please refer to [this summary](https://www.reddit.com/r/speculator/comments/lk6p7q/anticipating_trends_in_developing_industries_from/), posted in r/speculator. + +---------- + +**FURTHER EDUCATION** + +> On February 18th, 2021, Horizons will hold a [webinar](https://register.gotowebinar.com/register/87068539393444368?source=Alert) dedicated to investment opportunities in the psychedelic industry. + +> Topics will include, + +* **What are psychedelics?** +* **How are they currently regulated?** +* **What is the medical market opportunity?** +* **Which companies are leading research in this space?** +* **What’s the best way to invest in the emerging psychedelics marketplace?** + +---------- + +**DISCLAIMER** + +> I hold a long term equity position in MMEDF. I plan to increase this position in anticipation of upcoming catalysts and growing sentiment, with the intention to close this temporary position at a profit in the near term, while maintaining my primary equity stake. + +> This content of this post is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. Investing comes with inherent risks, and all parties should conduct their own due diligence. +Hey all, + +Just a question. What are your personal experiences with the options that Vanguard have in regards to dividend growth over time? + +Which (on Vanguard) Index funds/ETFs that focus on dividends would you personally recommend and why? + +I'm looking to go long on some dividend heavy index funds/ETFs on Vanguard and would like any feedback/advice that you might have. THANKYOU in advance! +I hate making excuses about why I can't hang out with my friends. Yes, I'd love to grab a beer with you but I can't afford more than one every now and then and it's not like I can stiff someone out of a tip so I just don't go. I stay at home and scrape by even though I work multiple jobs. I'm just so fucking done. Every week my grocery bill increases while what I take home decreases. I'd just like to be able to enjoy life and actually live and not just survive. Sorry. Thanks for reading. Just needed to say that. +# This gem has solid team and great fundamentals - DYOR 👈 + +🚀 Links 🚀 [https://coinmefy.com/velo](https://coinmefy.com/velo) [https://coinmefy.com/tg](https://coinmefy.com/tg) + +Awesome Team, very active on Telegram Voice Chat, huge potential for you guys, very low marketcap. Liquidity locked ( THAT WAS COMING FROM THE OWNER WALLET. ) MIGRATED SUCCESSFULLY TO NEW CONTRACT. + +The main idea behind this token is to bring cryptocurrencies to the daily life of the average people, by implementing VELOREX token (VEX) to Crypto ATM’s, and with it developing and creating an international FIAT ⇄ VEX Crypto cards to make life easier, and safer to everyone. VELOREX will have its own blockchain before 2022, AND ALSO WITH THE BLOCKCHAIN RELEASE WE WILL BE GETTING: Wallet-App, AND AN EXCHANGE TOO + +🔸 Some basic infos 🔸 + +🔸Name: VELOREX Symbol: VEX Decimals: 8 Max supply: 500.000.000 Current circulating supply: 🔸300.000.000 Current price: 0.00050$/VEX Market Cap: 1.890.000$ Target price for the next month: 🔸0.05$/VEX Target price for the year: 1.00$ 10$ IS EASILY ACHIVABLE ESPECIALLY WITH THE 🔸BLOCKCHAIN COMING UP, AND SO MUCH USE CASES FOR VELOREX. Address: 🔸0xa9295088153e195fd37e443dd482d1318a669661 + +🚧 Roadmap 🚧 + +🚧Q2 - Opened to public Marketing campaign before ICO - DONE DxSALE - DONE Full Audit Verification Coinmarketcap listing - SENT Dex.guru listing - ON Heavy marketing campaign - STARTED Community building - STARTED VELOREX Utilities & Use cases on websites - STARTED + +🚧Q3 - Feature rich future +Pushing VEX to exchanges ( Okex, Kraken, Bibipom…) Team expansion VELOREX Blockchain development VELOREX Wallet-app development + +🚧Q4 - Your future +Integration of the VEX coin, from BEP-20 chain to the VEX blockchain First FIAT ⇆ VEX Crypto ATM at EUROPE Aiming to be done before end of 2021 These goals are in our list, and will be implemented as soon as possible, we just don't have accurate date. VELOREX Exchange Pushing Fiat ⇆ VEX Crypto ATM's to worldwide VEX Token Online purchase implementation ( Crypto Card ) Developing future projects, implementing to gaming platforms + +🚀🚀🚀DYOR 🚀🚀🚀 +I signed up to be a mystery shopper on www.BestMark.com many years ago. Signing up as a shopper is simple and free. + +About every 90-100 days, shops for oil changes and tire rotations come available. I get the oil changed and tires rotated for free, as well as a cash payment of $20-65. + +These shops are at dealerships and some of them require you to have their brand of car. The only one I've found that's absolutely adamant that you have their vehicle though is Ford, I've taken other makes to other dealerships without issue. But Ford requires that you ask about installing Ford specific accessories. + +You have to answer about fifty questions on a survey, take a photo of the receipt, pay for the service out of pocket, and then you're reimbursed. They payout every two weeks. + +I've never had a shop fail to pay. + +For something I have to do anyway, I might as well get paid for it. + +When I lived in a larger metro there were also shops for restaurants. "Eat at this place between this time and this time" that reimbursed $25-50 in food and drink and paid $8-20 cash. It's always nice to have a night out, even better if it's free. +Below is a post i wrote out last night but never posted. + +*************************************************** + +My SO has been a contractor (under a recruiting company) as a marketer for a very very large marketing software company. After nearly a year there and three times being promised she would be converted to full time only to have her contract extended she finally got the offer to become full time recently. + +She knew this was coming so her and i practiced mock salary negotiations where i would pretend to be her employer and she would state her case for X salary and i would counter and she would counter with more explanation of why she deserves what she wants. + +Things all came together yesterday when she got the offer and she asked for her high-ball starting salary negotiation fully expecting to be met with a much lower counter.... turns out her company just gave it to her (probably because she has been working her ass off and they know how productive she is). This is a 50% salary increase and brings her salary up to basically where i am at ( i started in the job market with my masters in a tech field, she started with her undergrad two years before me so this isn't shocking - especially for the area - but still a huge jump in her salary). + +I am ecstatic for her. She has always been a very frugal person because she grew up with not a lot of money (as did i, which is why we work great together). I have been scared to tell her about FI because I didn't want to show her my plans for FI and my large savings rate and have her compare her situation to mine and be discouraged. + +Although we are both frugal i have different priorities than her; she wants to travel more than I do - I don't have that urge. I do plan to travel with her a little and have been budgeting some savings for travel. But as a result of me clearly not being as interested in travel as her it makes it seem like i'm a little bit of a miser because i just stash the extra money i don't spend on the luxury experiences in investments. + +I still treat myself plenty, but between me, my housemates and her i am definitely seen as the "cheapest" because I will often not purchase something in the whim of the moment as my housemates often do. + +I dont think she views me as a miser but my housemates definitely do. Their view as me as a 'miser' never bothered me before because i was able to match my SO's spending because she didn't spend a ton on luxury experiences (and thought out each one very carefully) but i am fearful that with her newfound wealth she is going to want to buy more luxury experiences (specifically experiences like travel and concerts) and i will feel the pressure to 'keep up' because she will want to do these things with me. + +It isn't that i don't want to have these experiences but i feel like she is scared of "wasting' her 20's" by not going on lots of travel and is going to overdo it and i don't want to be the nay-sayer to her desires to have these experiences but i also do not want to compromise my own budget with a ton of extra expenses. I have planned out what i believe is a solid chunk of money to be used on travel/concerts/experiences and i don't want to be pushed past that; especially because travel in particular is pretty stressful to me, i enjoy it plenty but i am also on-edge while enjoying it. + +Now that she is making a lot more i really want to tell her about FI and tell her how if we do it properly neither of us would have to worry about money for most of our lives giving us more time to travel or just do what we want (including work if thats what she wants to continue doing). I want to tell her how FI opens up doors for her and that she can be on a track to hit FI much earlier than many people. + +Although i know she is a frugal person i am scared that lifestyle creep will grab her, she has never had this much money in her life and she is about to going from only saving 15% of her salary to her 401k (but still saving a decent bit more, socking it away in the bank which i've been trying lately to tell her isn't a great idea) to being able to max out her 401k, IRA, HSA, and still be able to put some in taxable - if she chooses to save this much.. + +What is the best way to get her to understand the benefits of FI without me coming off as a miser? + + +*************************************************** + +Above was a post that i wrote out last night but didn't post. + +As we were getting ready for bed she was so excited about her raise she started talking about how she can treat herself to lunch meats at costco (her idea of splurging haha). + +I said "i want to show you something" and opened up my spreadsheet of potential target FI dates with their relative annual incomes at 4% SWR. I told her that this is my dream, I told her that the one thing in life that I can't purchase is time and that i want to spend as much of my life enjoying the time i have on this planet with her and all the other people in my life i love, as well as all the things in my life i love to do. + +I was fearful she would think i was a miser or that i had unrealistic dreams. Instead she started happy crying and telling me about how great of a life we could have and that she is both impressed with my knowledge of FI and extremely supportive of my goals. I continued to tell her that I don't necessarily plan to retire at any specific age, just that i want to never have to worry about money again. Growing up there were times i wondered where my family would get money for my next meal and that I never want to be in the situation again, and I have the means to do so. + +She immediately began showing me the new benefits she has (401k, HSA, monthly wellness allowance, etc) and i told her we can plan it all out and start spreadsheets for tracking her progress if she so wants. She has been meaning to make a budget but hasn't gotten around to it yet (as a frugal person she never really 'needed' a budget but thinks it's good to know where her money is going - this is exactly my perspective too). We are planning to start her Roth IRA next week and she has more than enough in savings to just drop in the maximum contribution and still have well over 6 months of E fund - she might move some of that into taxable. + +I don't think she is going to be as aggressively FI as me, but she is extremely supportive of my goals and i know she has at least some interest in learning more about it herself. We still obviously have plans to travel and enjoy experiences together, but my fear that she will want to suddenly spend a ton more on travel/concerts/etc and expect me to spend the same has settled. I should have known she isn't a different person now just because she is making more, but i've read all too many stories of how lifestyle creep gets people; especially when a large change in salary happens. + +Last night was one of the best nights of my life. +Im only 15 but i love forex so much and im thinking about my future. Are there any full time forex traders here? Would you recommend it? Is it stressful? Does it bring a good income? Will i be better getting a job, and building up slowly? Is it stressful? Time consuming? Also, what do you recommend doing from this age that will aid me? Thanks. +Hi guys, been trading for a long time and got my account blown out twice. After a long break, I've started trading with smaller lots and was doing well. But a few hours ago, I longed eurusd and audusd and that son of a b***h just went short. Lost $800, which is a big chunk for me for the time being. + +But if I've waited a bit more longer before closing that losing trade, my loss would have been at least a couple of hundred lesser. + +Can someone please advise me if I'm just being impatient or when it's the right time to cut off a losing trade? +Hi, I need some help. +I started trading this week on the live markets after a long time of 6 months preperation. I created a objective strategy with an edge. I tested this on 7 different months in the past two years. Every month had really good results. During the backtesting I also paid attentention to possible spreads. Results of the strategy gave me like 10% profits each month (backtesting). I have realy strict S/L rules, I dont risk more then 2% of my account. I also have good T/P rules that worked really well in the testing. + +Now I cant look back on my first week with pleasure. I am down -13%....... on a 300 euro account. It doesnt feel well and i cant keep my mind of: what went wrong????? I was so excited to start my journey and after one week I feel hopeless. + +I know that this can be an one week set back and that the rest of the month can go realy well. But now I feel that I am scared to place trades but I also have the fear of missing out of trades. + +It can sound that I am to emotional but I only describe my emotions to create an image for you to give me tips. + +I also did some psychological work and I thought that I understanded the big problems people can have during trading. But now I see that I have them. + +Someone with alot of experience can you give me tips or try to motivate me? Because my system works (I think). But maybe this was just an one week setback? + +(BTW English is not my first language, so there can be some mistakes) +Hi guys im 20 this year. I have been trading or almost 2years and learning but i still like to gambling and revenge trade. i blown almost 3 acc till now all together almost close 2500usd. i hate myself everytime i gambling but i keep gambling. just wana ask should i quit and keeps on my life +I’m sick of being poor. About a few minutes away from taking my entire savings and just gambling a few times on the roulette until I lose money or get high from winning. One of my coworkers quit over Forex, lived almost entirely on Forex, last time I saw him a few days before he quit. I wanna be like him. I don’t know how he’s doing now but he was obsessed with Forex after discovering it, like a drug. +I've done my DD on running the wheel and understand where the risk is, but reading about hypothetical stock prices only get me so far. Can anyone share a personal story about getting burned and why/how it happened? +The fed has fucked up. Inflation wasn't transitory and their favorite measure, core PCE, is the highest it's been in 4 decades. + +Now they have to look like they are fighting inflation by raising rates and tapering asset purchases. They are talking quite a big game right now. Many fed officials are talking about a fed funds rate at 3-4% and several are even mentioning balance sheet runoff. + +I'm here to tell you they are completely full of shit. We won't even get close to 4% fed funds rate this cycle. And that's because as a nation we are increasingly dependent on low interest rates to finance the national debt (as well as private debt). + +That's because the national debt has absolutely exploded over time. Debt to GDP has increased from 30% in the 70s to 125% now. +